BlackRock Series Fund NPORTP BlackRock Global Allocation Portfolio (Mar 2022 report)

BlackRock

Global

Allocation

Portfolio

(Percentages

shown

are

based

Net

Assets)

Consolidated

Schedule

Investments

(unaudited)

March

31,

2022

Security

Par

(000)

(

000)

Value

Asset-Backed

Securities

Cayman

Islands

—

0.2%

(a)

Elmwood

CLO

Ltd.,

Series

2019-2A,

Class

BR,

(LIBOR

USD

Month

1.65%),

1.90%,

04/20/34

(b)

.....

USD

250

247,199

Loanpal

Solar

Loan

Ltd.,

Series

2020-

2GF,

Class

2.75%,

07/20/47

28,773

Voya

CLO

Ltd.,

Series

2017-3A,

Class

A1R,

(LIBOR

USD

Month

1.04%),

1.29%,

04/20/34

(b)

.....

150

148,297

424,269

Ireland

—

0.1%

OCP

Euro

CLO

DAC,

Series

2017-2X,

Class

(EURIBOR

Month

1.35%),

1.35%,

01/15/32

(b)(c)

....

EUR

100

108,969

United

States

—

1.3%

AccessLex

Institute,

Series

2007-A,

Class

A3,

(LIBOR

USD

Month

0.30%),

0.80%,

05/25/36

(b)

.....

USD

25,970

ACRES

Commercial

Realty

Ltd.,

Series

2021-FL1,

Class

(LIBOR

USD

Month

1.20%),

1.64%,

06/15/36

(a)

(b)

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

100

98,820

Ajax

Mortgage

Loan

Trust,

Series

2021-

Class

A1,

1.74%,

12/25/60

(a)(b)

195

179,661

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2021-3CS,

Class

2.10%,

05/20/48

(a)

...........

108

99,544

Lendmark

Funding

Trust,

Series

2021-

1A,

Class

1.90%,

11/20/31

(a)

100

90,417

Mariner

Finance

Issuance

Trust,

Series

2020-AA,

Class

2.19%,

08/21/34

(a)

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

100

96,142

Mercury

Financial

Credit

Card

Master

Trust,

Series

2021-1A,

Class

1.54%,

03/20/26

(a)

...........

193

187,283

Navient

Private

Education

Refi

Loan

Trust

(a)

Series

2021-DA,

Class

(US

Prime

Rate

1.99%),

1.26%,

04/15/60

(b)

112

108,313

Series

2021-DA,

Class

3.48%,

04/15/60

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

110

102,922

Nelnet

Student

Loan

Trust

(a)

Series

2021-A,

Class

B2,

2.85%,

04/20/62

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

200

186,004

Series

2021-A,

Class

3.75%,

04/20/62

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

100

97,090

Series

2021-A,

Class

4.93%,

04/20/62

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

100

94,243

Series

2021-BA,

Class

2.68%,

04/20/62

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

205

188,056

Series

2021-BA,

Class

3.57%,

04/20/62

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

100

92,244

Pagaya

Debt

Selection

Trust,

Series

2021-2,

Class

NOTE,

3.00%,

01/25/29

(a)

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

129

125,844

SLM

Private

Education

Loan

Trust,

Series

2010-C,

Class

A5,

(LIBOR

USD

Month

4.75%),

5.15%,

10/15/41

(a)(b)

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

163

180,663

SMB

Private

Education

Loan

Trust

(a)

Series

2021-A,

Class

2.31%,

01/15/53

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

100

93,391

Series

2021-A,

Class

2.99%,

01/15/53

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

204

190,216

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2021-A,

Class

D1,

3.86%,

01/15/53

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

USD

100

95,583

2,332,406

Total

Asset-Backed

Securities

—

1.6%

(Cost:

$2,992,754)

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

2,865,644

Common

Stocks

Argentina

—

0.0%

MercadoLibre,

Inc.

(d)

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

4,758

Australia

—

0.6%

BHP

Group

Ltd.

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

4,997

193,778

BHP

Group

Ltd.

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

1,156

44,561

CSL

Ltd.

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

16,770

Endeavour

Group

Ltd.

..........

4,092

22,260

Glencore

plc

(d)

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

66,343

431,675

Goodman

Group

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

1,366

23,217

IGO

Ltd.

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

282

2,948

Northern

Star

Resources

Ltd.

......

584

4,711

QBE

Insurance

Group

Ltd.

.......

220

1,886

Quintis

HoldCo

Pty.

Ltd.

(e)

........

218,994

19,665

Rio

Tinto

plc

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

1,898

151,739

Santos

Ltd.

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

216

1,252

South32

Ltd.

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

24,529

93,242

Treasury

Wine

Estates

Ltd.

.......

1,945

16,801

Woodside

Petroleum

Ltd.

........

769

18,480

1,042,985

Belgium

—

0.0%

Etablissements

Franz

Colruyt

...

525

21,732

Solvay

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

1,380

23,112

Brazil

—

0.1%

Banco

Brasil

(d)

...........

1,006

7,311

Embraer

(d)

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

3,580

11,294

Engie

Brasil

Energia

.........

1,793

16,235

Locaweb

Servicos

Internet

(a)(c)(d)

4,727

10,028

Natura

Co.

Holding

(d)

.......

1,515

8,299

Holdings

Ltd.,

Class

(d)(f)

......

11,330

87,467

Sendas

Distribuidora

.........

5,642

19,411

Ultrapar

Participacoes

........

1,016

3,045

WEG

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

1,310

9,603

Yara

International

ASA

..........

506

25,304

197,997

Canada

—

1.3%

Alimentation

Couche-Tard,

Inc.

.....

456

20,543

Barrick

Gold

Corp.

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

153

3,752

Canadian

National

Railway

Co.

....

6,841

Cenovus

Energy,

Inc.

...........

37,913

632,079

CGI,

Inc.,

Class

(d)

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

3,664

Enbridge,

Inc.

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

30,313

1,395,443

George

Weston

Ltd.

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

9,975

Great-West

Lifeco,

Inc.

..........

202

5,953

Nutrien

Ltd.

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

291

30,079

Power

Corp.

Canada

.........

121

3,746

Restaurant

Brands

International,

Inc.

223

13,029

Royal

Bank

Canada

..........

2,202

Shopify,

Inc.,

Class

(d)

..........

28,393

Sun

Life

Financial,

Inc.

..........

3,238

Suncor

Energy,

Inc.

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

1,270

BlackRock

Global

Allocation

Portfolio

(Percentages

shown

are

based

Net

Assets)

Consolidated

Schedule

Investments

(unaudited)

(continued)

March

31,

2022

Security

Value

Canada

(continued)

Thomson

Reuters

Corp.

.........

147

15,960

Toronto-Dominion

Bank

(The)

.....

4,602

2,180,769

Cayman

Islands

—

0.0%

Hedosophia

European

Growth

(d)

....

5,835

63,259

Chile

—

0.0%

Sociedad

Quimica

Minera

Chile

SA,

ADR

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

470

40,232

China

—

2.3%

AAC

Technologies

Holdings,

Inc.

...

7,500

17,823

Agricultural

Bank

China

Ltd.,

Class

73,000

27,907

Aier

Eye

Hospital

Group

Co.

Ltd.,

Class

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

7,066

34,871

Alibaba

Group

Holding

Ltd.

(d)

......

13,800

188,325

Alibaba

Group

Holding

Ltd.,

ADR

(d)

2,752

299,417

Amoy

Diagnostics

Co.

Ltd.,

Class

4,100

32,866

Anhui

Gujing

Distillery

Co.

Ltd.,

Class

100

1,288

ANTA

Sports

Products

Ltd.

.......

1,200

14,886

Asymchem

Laboratories

Tianjin

Co.

Ltd.,

Class

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

699

40,208

Bank

China

Ltd.,

Class

.......

49,000

19,554

BYD

Co.

Ltd.,

Class

...........

5,500

196,436

BYD

Co.

Ltd.,

Class

..........

500

13,908

BYD

Electronic

International

Co.

Ltd.

2,500

4,954

China

Construction

Bank

Corp.,

Class

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

67,000

50,187

China

Feihe

Ltd.

(a)(c)

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

17,000

16,737

China

Gas

Holdings

Ltd.

.........

7,800

9,942

China

Hongqiao

Group

Ltd.

.......

25,000

32,844

China

Life

Insurance

Co.

Ltd.,

Class

6,000

9,141

China

Literature

Ltd.

(a)(c)(d)

........

1,000

4,095

China

Merchants

Bank

Co.

Ltd.,

Class

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

8,500

66,168

China

National

Building

Material

Co.

Ltd.,

Class

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

32,000

39,361

China

Pacific

Insurance

Group

Co.

Ltd.,

Class

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

5,600

13,549

China

Petroleum

Chemical

Corp.,

Class

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

88,000

43,729

China

Resources

Cement

Holdings

Ltd.

6,000

4,974

China

Resources

Gas

Group

Ltd.

...

2,000

8,418

China

Tourism

Group

Duty

Free

Corp.

Ltd.,

Class

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

1,300

33,376

Contemporary

Amperex

Technology

Co.

Ltd.,

Class

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

4,300

343,439

COSCO

Shipping

Holdings

Co.

Ltd.,

Class

(d)

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

3,657

8,814

COSCO

Shipping

Holdings

Co.

Ltd.,

Class

(d)(f)

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

6,150

10,574

Country

Garden

Services

Holdings

Co.

Ltd.

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

1,000

4,213

CSPC

Pharmaceutical

Group

Ltd.

...

8,000

9,167

Dali

Foods

Group

Co.

Ltd.

(a)(c)

......

3,000

1,565

Dongfeng

Motor

Group

Co.

Ltd.,

Class

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

12,000

8,976

ENN

Energy

Holdings

Ltd.

........

900

13,442

Foshan

Haitian

Flavouring

Food

Co.

Ltd.,

Class

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

4,100

56,204

Ganfeng

Lithium

Co.

Ltd.,

Class

(a)(c)

4,800

67,531

Glodon

Co.

Ltd.,

Class

.........

3,900

30,332

Great

Wall

Motor

Co.

Ltd.,

Class

12,500

19,619

Gree

Electric

Appliances,

Inc.

Zhuhai,

Class

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

4,600

23,275

Security

Value

China

(continued)

Guangzhou

Baiyun

International

Airport

Co.

Ltd.,

Class

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

18,000

34,562

Haidilao

International

Holding

Ltd.

(a)(c)

12,000

23,089

Haier

Smart

Home

Co.

Ltd.,

Class

1,800

5,755

Hangzhou

Robam

Appliances

Co.

Ltd.,

Class

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

10,400

47,522

Hangzhou

Tigermed

Consulting

Co.

Ltd.,

Class

(a)(c)

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

2,200

26,533

Hundsun

Technologies,

Inc.,

Class

5,992

41,761

Hygeia

Healthcare

Holdings

Co.

Ltd.

(a)(c)

6,200

23,784

Industrial

Commercial

Bank

China

Ltd.,

Class

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

75,000

45,979

Innovent

Biologics,

Inc.

(a)(c)(d)

......

1,500

5,048

Jafron

Biomedical

Co.

Ltd.,

Class

965

6,867

Health

International,

Inc.

(a)(c)(d)

...

14,000

83,826

JD.com,

Inc.,

Class

(d)

..........

2,054

58,364

Jiangsu

Hengrui

Medicine

Co.

Ltd.,

Class

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

5,600

32,316

Jinxin

Fertility

Group

Ltd.

(a)(c)

......

33,500

25,416

JiuGui

Liquor

Co.

Ltd.,

Class

.....

356

8,235

Jiumaojiu

International

Holdings

Ltd.

(a)(c)

12,000

25,384

Kindstar

Globalgene

Technology,

Inc.

(a)

(c)

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

55,500

18,656

Kingdee

International

Software

Group

Co.

Ltd.

(d)

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

6,000

13,146

Kingsoft

Corp.

Ltd.

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

8,400

26,760

Kweichow

Moutai

Co.

Ltd.,

Class

124

33,343

Lenovo

Group

Ltd.

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

38,000

41,164

Auto,

Inc.,

ADR

(d)

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

5,516

142,368

Ning

Co.

Ltd.

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

1,000

8,491

Logan

Group

Co.

Ltd.

...........

5,000

1,410

Meituan

Dianping,

Class

(c)(d)

.....

2,600

49,254

Microport

Cardioflow

Medtech

Corp.

(a)(c)

(d)

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

96,000

34,573

Ming

Yuan

Cloud

Group

Holdings

Ltd.

(d)

9,000

12,126

NetEase,

Inc.

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

1,300

23,456

Nongfu

Spring

Co.

Ltd.,

Class

(a)(c)

2,400

12,652

NXP

Semiconductors

........

1,907

352,948

PetroChina

Co.

Ltd.,

Class

......

20,000

10,156

Pharmaron

Beijing

Co.

Ltd.,

Class

400

7,396

Pharmaron

Beijing

Co.

Ltd.,

Class

(a)(c)

1,400

16,837

PICC

Property

Casualty

Co.

Ltd.,

Class

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

18,000

18,329

Ping

Insurance

Group

Co.

China

Ltd.,

Class

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

2,500

17,478

Prosus

(d)

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

1,510

Shanghai

Jinjiang

International

Hotels

Co.

Ltd.,

Class

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

4,300

33,434

SITC

International

Holdings

Co.

Ltd.

9,000

31,470

Tencent

Holdings

Ltd.

...........

12,000

553,132

Tingyi

Cayman

Islands

Holding

Corp.

6,000

10,061

Venustech

Group,

Inc.,

Class

....

7,699

25,178

Want

China

Holdings

Ltd.

....

16,000

14,764

Wuhan

Raycus

Fiber

Laser

Technologies

Co.

Ltd.,

Class

...

4,200

25,690

WuXi

AppTec

Co.

Ltd.,

Class

.....

1,864

32,681

WuXi

AppTec

Co.

Ltd.,

Class

(a)(c)

500

7,812

WuXi

Biologics

Cayman,

Inc.

(a)(c)(d)

...

6,334

50,296

Yifeng

Pharmacy

Chain

Co.

Ltd.,

Class

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

4,082

25,598

Yonyou

Network

Technology

Co.

Ltd.,

Class

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

11,300

40,549

Yum

China

Holdings,

Inc.

........

750

32,715

Yum

China

Holdings,

Inc.

........

487

20,230

Zhongsheng

Group

Holdings

Ltd.

...

1,000

7,031

BlackRock

Global

Allocation

Portfolio

(Percentages

shown

are

based

Net

Assets)

Consolidated

Schedule

Investments

(unaudited)

(continued)

March

31,

2022

Security

Value

China

(continued)

Zijin

Mining

Group

Co.

Ltd.,

Class

4,000

6,066

ZTE

Corp.,

Class

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

5,400

10,939

ZTO

Express

Cayman,

Inc.,

ADR

...

1,275

4,087,530

Denmark

—

0.3%

Moller

Maersk

A/S,

Class

....

33,055

Carlsberg

A/S,

Class

..........

3,069

DSV

Panalpina

A/S

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

748

143,358

Store

Nord

A/S

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

152

7,451

Novo

Nordisk

A/S,

Class

.......

1,283

142,305

Pandora

A/S

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

1,889

179,954

509,192

Finland

—

0.0%

Nokian

Renkaat

OYJ

...........

230

3,733

Wartsila

OYJ

Abp

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

932

8,510

12,243

France

—

1.8%

Airbus

(d)

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

2,051

Alstom

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

103

2,410

Arkema

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

2,871

343,200

BNP

Paribas

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

9,349

534,246

Cie

Saint-Gobain

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

8,533

507,717

Credit

Agricole

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

314

3,752

Danone

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

4,656

257,211

Electricite

France

.........

2,268

21,288

Engie

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

819

10,767

EssilorLuxottica

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

829

151,616

Faurecia

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

1,508

Kering

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

14,521

Francaise

des

Jeux

SAEM

(a)(c)

...

662

26,263

LVMH

Moet

Hennessy

Louis

Vuitton

1,361

971,481

Orpea

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

676

29,334

Pernod

Ricard

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

15,160

Remy

Cointreau

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

9,899

Societe

Generale

...........

3,957

106,077

TOTAL

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

1,144

57,886

Veolia

Environnement

........

1,443

3,067,830

Germany

—

2.6%

adidas

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

13,982

Allianz

(Registered)

..........

1,910

Auto1

Group

(a)(c)(d)

...........

8,763

99,561

BASF

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

402

22,938

Bayerische

Motoren

Werke

....

153

13,222

Brenntag

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

3,064

Covestro

(a)(c)

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

205

10,323

Daimler

(Registered)

.........

14,718

1,033,050

Daimler

Truck

Holding

(d)

.......

703

19,498

Deutsche

Boerse

...........

8,640

Deutsche

Telekom

(Registered)

53,415

994,808

E.ON

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

240

2,788

Infineon

Technologies

........

4,493

151,998

LANXESS

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

2,195

LEG

Immobilien

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

1,708

SAP

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

1,701

188,519

Siemens

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

9,735

1,347,979

Siemens

Energy

(d)

...........

370

8,418

Telefonica

Deutschland

Holding

6,518

17,728

Uniper

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

663

17,128

Vantage

Towers

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

17,244

609,064

Vitesco

Technologies

Group

(d)

...

101

3,995

Security

Value

Germany

(continued)

Vonovia

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

1,352

4,573,868

Hong

Kong

—

0.3%

AIA

Group

Ltd.

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

43,800

457,355

ASM

Pacific

Technology

Ltd.

......

1,100

11,074

Hang

Lung

Properties

Ltd.

........

3,000

6,047

Link

REIT

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

2,600

22,142

Group

Ltd.

(a)(c)

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

19,000

11,931

508,549

India

—

0.1%

HCL

Technologies

Ltd.

..........

1,039

15,879

Indian

Oil

Corp.

Ltd.

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

3,652

5,699

InterGlobe

Aviation

Ltd.

(a)(c)(d)

......

324

8,561

Think

Learn

Pvt

Ltd.,

Series

(Acquired

12/11/20,

cost

$67,547)

(e)

(g)

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

211,564

241,703

Indonesia

—

0.0%

Bank

Central

Asia

Tbk.

........

31,300

17,380

Ireland

—

0.0%

Kingspan

Group

plc

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

307

30,008

Israel

—

0.3%

(d)

Nice

Ltd.,

ADR

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

2,449

536,331

SimilarWeb

Ltd.

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

965

12,497

Taboola.com

Ltd.,

(Acquired

06/30/21,

cost

$66,000)

(g)

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

4,995

25,774

574,602

Italy

—

0.4%

Coca-Cola

HBC

(d)

...........

970

20,230

Enel

SpA

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

4,614

30,807

Ferrari

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

555

120,912

Intesa

Sanpaolo

SpA

...........

201,618

461,456

Iveco

Group

(d)

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

239

1,573

UniCredit

SpA

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

181

1,953

636,931

Japan

—

1.1%

AGC,

Inc.

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

100

3,996

Astellas

Pharma,

Inc.

...........

1,350

21,094

Chubu

Electric

Power

Co.,

Inc.

.....

200

2,070

Chugai

Pharmaceutical

Co.

Ltd.

....

200

6,674

CyberAgent,

Inc.

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

1,000

12,375

Daiichi

Sankyo

Co.

Ltd.

..........

100

2,184

Eisai

Co.

Ltd.

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

400

18,531

FANUC

Corp.

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

3,700

649,387

Fujitsu

Ltd.

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

100

14,983

GLP

J-Reit

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

1,519

Hino

Motors

Ltd.

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

1,600

9,353

Hoya

Corp.

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

3,159

359,993

Inpex

Corp.

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

500

5,879

Japan

Tobacco,

Inc.

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

200

3,415

Kansai

Electric

Power

Co.,

Inc.

(The)

200

1,884

Kao

Corp.

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

500

20,415

Keyence

Corp.

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

181

83,930

Kirin

Holdings

Co.

Ltd.

..........

800

11,949

Kose

Corp.

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

1,500

156,938

Kyowa

Kirin

Co.

Ltd.

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

600

13,958

Kyushu

Electric

Power

Co.,

Inc.

....

200

1,339

Mazda

Motor

Corp.

(d)

...........

1,600

11,761

Mitsubishi

Electric

Corp.

.........

2,100

24,085

Mizuho

Financial

Group,

Inc.

......

1,400

17,858

NEC

Corp.

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

600

25,206

BlackRock

Global

Allocation

Portfolio

(Percentages

shown

are

based

Net

Assets)

Consolidated

Schedule

Investments

(unaudited)

(continued)

March

31,

2022

Security

Value

Japan

(continued)

Nihon

M&A

Center

Holdings,

Inc.

...

100

1,399

Nippon

Telegraph

Telephone

Corp.

100

2,905

Nomura

Holdings,

Inc.

..........

5,000

21,029

Olympus

Corp.

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

300

5,686

Oracle

Corp.

Japan

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

300

20,789

Otsuka

Holdings

Co.

Ltd.

........

100

3,455

Pan

Pacific

International

Holdings

Corp.

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

1,100

17,601

Recruit

Holdings

Co.

Ltd.

........

3,577

155,410

Ryohin

Keikaku

Co.

Ltd.

.........

400

4,640

Ship

Healthcare

Holdings,

Inc.

.....

200

3,240

SoftBank

Corp.

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

200

2,333

SoftBank

Group

Corp.

..........

1,000

44,710

SUMCO

Corp.

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

500

8,182

Sumitomo

Mitsui

Trust

Holdings,

Inc.

200

6,509

Suzuki

Motor

Corp.

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

200

6,854

Sysmex

Corp.

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

200

14,485

Terumo

Corp.

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

600

18,155

Toray

Industries,

Inc.

...........

300

1,560

Toyota

Motor

Corp.

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

300

5,411

Yamato

Holdings

Co.

Ltd.

........

900

16,812

1,841,941

Luxembourg

—

0.1%

ArcelorMittal

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

1,826

58,495

Arrival

(d)

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

19,836

73,988

132,483

Macau

—

0.0%

Sands

China

Ltd.

(d)

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

2,400

5,710

SJM

Holdings

Ltd.

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

5,000

2,455

8,165

Mexico

—

0.0%

America

Movil

SAB

........

2,230

2,362

Grupo

Bimbo

SAB

........

2,618

7,898

10,260

Netherlands

—

1.7%

Adyen

(a)(c)(d)

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

218

431,792

Akzo

Nobel

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

3,621

311,125

ASML

Holding

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

1,426

952,884

ING

Groep

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

73,881

771,387

Koninklijke

Ahold

Delhaize

.....

902

29,013

Koninklijke

Philips

...........

725

22,108

Randstad

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

284

17,084

Salt

Pay

Co.

Ltd.,

Series

C (Acquired

11/16/21,

cost

$73,809)

(e)(g)

.....

69,053

Shell

plc

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

14,480

395,460

2,999,906

Norway

—

0.1%

Aker

ASA

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

1,977

LINK

Mobility

Group

Holding

ASA

(d)

4,270

8,310

Norsk

Hydro

ASA

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

8,911

86,578

96,865

Poland

—

0.0%

Dino

Polska

(a)(c)(d)

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

1,372

Polski

Koncern

Naftowy

ORLEN

536

9,619

10,991

Portugal

—

0.0%

Jeronimo

Martins

SGPS

.......

566

13,578

Saudi

Arabia

—

0.0%

Sulaiman

Habib

Medical

Services

Group

Co.

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

2,831

Security

Value

Singapore

—

0.0%

DBS

Group

Holdings

Ltd.

........

800

20,962

Singapore

Press

Holdings

Ltd.

.....

600

1,040

United

Overseas

Bank

Ltd.

.......

800

18,718

40,720

South

Africa

—

0.1%

Anglo

American

plc

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

4,018

208,785

FirstRand

Ltd.

(f)

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

380

2,006

Impala

Platinum

Holdings

Ltd.

.....

770

11,852

Kumba

Iron

Ore

Ltd.

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

239

10,616

233,259

South

Korea

—

0.8%

Amorepacific

Corp.

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

1,298

170,154

Coupang,

Inc.

(d)

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

3,622

64,037

E&C

Co.

Ltd.

(d)

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

1,299

Fila

Holdings

Corp.

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

159

4,091

Hana

Financial

Group,

Inc.

.......

513

20,404

Kakao

Corp.

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

1,576

136,984

Financial

Group,

Inc.

.........

242

12,127

Kia

Corp.

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

171

10,357

Krafton,

Inc.

(d)

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

3,379

Kumho

Petrochemical

Co.

Ltd.

.....

5,069

Chem

Ltd.

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

310

135,460

Display

Co.

Ltd.

(d)

...........

252

4,248

Energy

Solution

(d)

...........

1,792

653,491

Household

Health

Care

Ltd.

...

1,411

POSCO

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

10,075

Samsung

Electronics

Co.

Ltd.

.....

375

21,459

Samsung

Fire

Marine

Insurance

Co.

Ltd.

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

9,004

Samsung

SDI

Co.

Ltd.

..........

387

188,349

Hynix,

Inc.

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

4,425

Innovation

Co.

Ltd.

(d)

.........

175

1,455,998

Spain

—

0.4%

Cellnex

Telecom

(a)(c)

..........

14,328

689,526

Endesa

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

511

11,142

Iberdrola

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

1,399

15,291

715,959

Sweden

—

0.6%

Atlas

Copco

AB,

Class

.........

1,667

86,527

Epiroc

AB,

Class

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

3,879

82,967

Evolution

(a)(c)

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

1,119

Hennes

Mauritz

AB,

Class

1,039

13,951

Hexagon

AB,

Class

...........

5,447

76,317

Husqvarna

AB,

Class

..........

929

9,691

Kinnevik

AB,

Class

(d)

..........

1,747

Lundin

Energy

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

507

21,281

SKF

AB,

Class

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

1,132

18,458

Svenska

Handelsbanken

AB,

Class

627

5,766

Telefonaktiebolaget

Ericsson,

Class

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

1,566

14,275

Telia

Co.

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

2,123

8,513

Volta

Greentech

(e)

...........

228

26,269

Volvo

AB,

Class

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

33,833

631,167

998,048

Switzerland

—

0.5%

ABB

Ltd.

(Registered)

...........

713

23,130

Adecco

Group

(Registered)

....

202

9,163

Cie

Financiere

Richemont

(Registered)

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

695

88,095

Julius

Baer

Group

Ltd.

..........

133

7,700

BlackRock

Global

Allocation

Portfolio

(Percentages

shown

are

based

Net

Assets)

Consolidated

Schedule

Investments

(unaudited)

(continued)

March

31,

2022

Security

Value

Switzerland

(continued)

Kuehne

Nagel

International

(Registered)

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

6,530

Lonza

Group

(Registered)

.....

205

148,544

Nestle

(Registered)

..........

992

128,978

Novartis

(Registered)

........

336

29,498

Holding

AG,

Class

(d)(f)

.......

391

9,869

Partners

Group

Holding

.......

22,288

Roche

Holding

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

3,561

Sika

(Registered)

...........

444

146,899

STMicroelectronics

..........

2,233

97,055

Straumann

Holding

(Registered)

89,414

Swatch

Group

(The)

.........

8,789

Temenos

(Registered)

........

172

16,545

UBS

Group

(Registered)

......

219

4,280

840,338

Taiwan

—

0.7%

ASE

Technology

Holding

Co.

Ltd.

...

1,000

3,564

Cathay

Financial

Holding

Co.

Ltd.

...

5,000

11,161

Evergreen

Marine

Corp.

Taiwan

Ltd.

3,000

13,945

Formosa

Plastics

Corp.

..........

2,000

7,397

Fubon

Financial

Holding

Co.

Ltd.

...

5,038

13,377

Hon

Hai

Precision

Industry

Co.

Ltd.

2,760

10,134

MediaTek,

Inc.

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

1,000

31,121

Nan

Plastics

Corp.

...........

3,000

9,711

Novatek

Microelectronics

Corp.

....

1,000

14,704

SinoPac

Financial

Holdings

Co.

Ltd.

4,000

2,558

Taiwan

Cooperative

Financial

Holding

Co.

Ltd.

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

7,000

7,185

Taiwan

Glass

Industry

Corp.

......

3,000

2,610

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

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

50,000

1,025,676

Unimicron

Technology

Corp.

......

1,000

8,523

Uni-President

Enterprises

Corp.

....

2,000

4,564

United

Microelectronics

Corp.

.....

5,000

9,182

Wan

Hai

Lines

Ltd.

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

1,000

5,476

Yang

Ming

Marine

Transport

Corp.

(d)

3,000

12,861

1,193,749

Thailand

—

0.0%

Intouch

Holdings

PCL,

Class

.....

4,400

10,289

Turkey

—

0.0%

BIM

Birlesik

Magazalar

A/S

.......

335

1,933

United

Arab

Emirates

—

0.0%

NMC

Health

plc

(d)(e)

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

8,338

—

United

Kingdom

—

2.4%

Alphawave

Group

plc

(d)

........

15,500

36,030

Ashtead

Group

plc

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

477

30,034

AstraZeneca

plc

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

6,888

913,439

Auto

Trader

Group

plc

(a)(c)

........

8,741

72,159

Barclays

plc

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

42,077

81,565

plc

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

19,295

94,592

plc,

ADR

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

2,818

82,849

British

American

Tobacco

plc

......

1,596

Burberry

Group

plc

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

763

16,656

Compass

Group

plc

(d)

...........

19,710

424,161

Diageo

plc

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

801

40,630

Dr.

Martens

plc

(d)

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

2,251

6,998

Experian

plc

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

3,467

Exscientia

Ltd.,

(Acquired

02/24/21,

cost

$119,074)

(d)(g)

...........

17,100

246,240

Genius

Sports

Ltd.

(d)

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

6,585

30,291

GlaxoSmithKline

plc

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

509

11,013

Security

Value

United

Kingdom

(continued)

Grand

Rounds,

Inc.,

(Acquired

03/31/15,

cost

$127,944)

(d)(e)(g)

...

67,553

138,484

Hargreaves

Lansdown

plc

........

208

2,742

Intertek

Group

plc

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

2,797

Kingfisher

plc

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

4,422

14,759

Legal

General

Group

plc

.......

3,306

11,721

Linde

plc

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

368

117,550

Lloyds

Banking

Group

plc

........

1,427,640

869,387

National

Grid

plc

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

510

7,838

NatWest

Group

plc

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

5,611

15,847

RELX

plc

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

148

4,605

Royal

Mail

plc

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

1,735

7,455

Smith

Nephew

plc

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

395

6,282

Spirax-Sarco

Engineering

plc

......

598

97,762

THG

Holdings

Ltd.

(d)

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

45,632

54,777

Unilever

plc

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

14,434

655,344

Vodafone

Group

plc

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

1,433

2,350

4,101,420

United

States

—

40.0%

Co.

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

153

22,779

Abbott

Laboratories

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

11,106

1,314,506

AbbVie,

Inc.

(f)

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

6,261

1,014,971

Accenture

plc,

Class

..........

6,745

Adobe,

Inc.

(d)

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

24,148

Advance

Auto

Parts,

Inc.

.........

624

129,143

Advanced

Micro

Devices,

Inc.

(d)

....

660

72,164

Agilent

Technologies,

Inc.

........

4,896

Air

Products

Chemicals,

Inc.

.....

2,814

703,247

Airbnb,

Inc.,

Class

(d)(f)

..........

13,397

Akamai

Technologies,

Inc.

(d)

.......

7,760

Albemarle

Corp.

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

2,879

636,691

Alcoa

Corp.

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

4,175

375,875

Align

Technology,

Inc.

(d)

..........

1,308

Allegion

plc

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

1,098

Alphabet,

Inc.,

Class

(d)

.........

13,907

Alphabet,

Inc.,

Class

(d)

.........

1,010

2,820,920

Altair

Engineering,

Inc.,

Class

(d)

...

1,917

123,455

AltC

Acquisition

Corp.,

Class

(d)

....

4,615

45,042

Altice

USA,

Inc.,

Class

(d)

........

545

6,802

Altus

Power,

Inc.,

(Acquired

12/09/21,

cost

$34,000)

(d)(g)

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

3,400

25,262

Amazon.com,

Inc.

(d)(h)

...........

820

2,673,159

American

Tower

Corp.

..........

4,270

1,072,709

AMETEK,

Inc.

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

2,530

Amgen,

Inc.

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

1,693

Amphenol

Corp.,

Class

........

2,336

Analog

Devices,

Inc.

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

2,478

ANSYS,

Inc.

(d)

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

474

150,566

Anthem,

Inc.

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

1,965

Apple,

Inc.

(h)

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

18,739

3,272,017

Applied

Materials,

Inc.

..........

4,347

572,935

Aptiv

plc

(d)

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

2,550

305,261

Archer-Daniels-Midland

Co.

.......

2,613

235,849

Arthur

Gallagher

Co.

.........

2,270

Astra

Space,

Inc.,

(Acquired

06/30/21,

cost

$58,390)

(d)(g)

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

5,839

22,539

Atlassian

Corp.

plc,

Class

(d)

......

528

155,142

Autodesk,

Inc.

(d)

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

769

164,835

AutoZone,

Inc.

(d)

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

14,312

AvalonBay

Communities,

Inc.

.....

6,954

AvidXchange

Holdings,

Inc.

(d)

......

133

1,071

Baker

Hughes

Co.

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

3,130

113,963

Bank

America

Corp.

..........

34,007

1,401,769

Bank

New

York

Mellon

Corp.

(The)

2,382

Bath

Body

Works,

Inc.

.........

1,971

94,214

BlackRock

Global

Allocation

Portfolio

(Percentages

shown

are

based

Net

Assets)

Consolidated

Schedule

Investments

(unaudited)

(continued)

March

31,

2022

Security

Value

United

States

(continued)

Baxter

International,

Inc.

.........

159

12,329

Becton

Dickinson

and

Co.

........

10,108

Berkshire

Grey,

Inc.,

Class

(d)

.....

464

1,336

Berkshire

Hathaway,

Inc.,

Class

(d)

19,410

Best

Buy

Co.,

Inc.

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

140

12,726

Blend

Labs,

Inc.,

Class

(d)(f)

.......

1,947

11,098

Boeing

Co.

(The)

(d)

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

18,767

Booking

Holdings,

Inc.

(d)

.........

18,788

Boston

Scientific

Corp.

(d)

.........

25,565

1,132,274

Bristol-Myers

Squibb

Co.

.........

8,750

639,013

Broadcom,

Inc.

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

1,259

Brown-Forman

Corp.,

Class

.....

580

38,872

Bunge

Ltd.

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

874

96,848

Cadence

Design

Systems,

Inc.

(d)

...

953

156,730

California

Resources

Corp.

.......

3,023

135,219

Capital

One

Financial

Corp.

.......

6,827

Capri

Holdings

Ltd.

(d)

...........

1,561

80,220

Carrier

Global

Corp.

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

1,444

66,236

CBRE

Group,

Inc.,

Class

(d)

......

181

16,565

CDW

Corp.

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

3,757

Centene

Corp.

(d)

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

1,684

Industries

Holdings,

Inc.

.......

6,402

659,790

Charles

Schwab

Corp.

(The)

......

13,381

1,128,152

Charter

Communications,

Inc.,

Class

(d)

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

801

436,962

Chesapeake

Energy

Corp.

(f)

.......

211

18,357

Citigroup,

Inc.

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

1,709

CME

Group,

Inc.

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

599

142,478

Colgate-Palmolive

Co.

..........

1,896

Comcast

Corp.,

Class

(h)

........

12,533

586,795

ConocoPhillips

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

17,381

1,738,100

Constellation

Brands,

Inc.,

Class

8,522

Constellation

Energy

Corp.

(d)

......

477

26,831

Corteva,

Inc.

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

557

32,016

Costco

Wholesale

Corp.

.........

1,875

1,079,719

Crowdstrike

Holdings,

Inc.,

Class

(d)

1,380

313,370

Crown

Castle

International

Corp.

...

147

27,136

Crown

PropTech

Acquisitions

(d)

.....

3,804

37,888

Crown

PropTech

Acquisitions

(e)

.....

1,464

4,802

CSX

Corp.

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

2,363

88,494

Danaher

Corp.

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

128

37,546

Datadog,

Inc.,

Class

(d)

.........

634

96,032

Davidson

Kempner

Mercant

Co-

Invest

Fund

LP,

(Acquired

04/01/21,

cost

$203,100)

(g)(i)

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

203,100

151,576

DaVita,

Inc.

(d)

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

164

18,550

Deere

Co.

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

264

109,681

Dell

Technologies,

Inc.,

Class

(d)

...

692

34,731

Delta

Air

Lines,

Inc.

(d)

...........

1,683

66,596

Devon

Energy

Corp.

(f)

...........

2,402

142,030

Dexcom,

Inc.

(d)

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

897

458,905

Dick's

Sporting

Goods,

Inc.

.......

399

39,908

Diversey

Holdings

Ltd.

(d)

.........

20,071

151,937

DocuSign,

Inc.

(d)

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

111

11,890

Dominion

Energy,

Inc.

...........

1,529

Horton,

Inc.

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

6,960

518,590

Duke

Realty

Corp.

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

2,439

Dynatrace,

Inc.

(d)

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

5,392

253,963

Ecolab,

Inc.

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

2,119

Edwards

Lifesciences

Corp.

(d)

.....

4,895

576,239

Electronic

Arts,

Inc.

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

228

28,844

Element

Solutions,

Inc.

..........

1,362

29,828

Eli

Lilly

Co.

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

1,146

Emerson

Electric

Co.

...........

274

26,866

Energy

Transfer

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

6,458

72,265

Security

Value

United

States

(continued)

EOG

Resources,

Inc.

...........

2,027

EPAM

Systems,

Inc.

(d)

...........

145

43,008

Epic

Games,

Inc.,

(Acquired

07/02/20,

cost

$189,750)

(e)(g)

...........

330

258,680

EQT

Corp.

(d)(f)

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

30,458

1,048,060

Equity

Residential

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

209

18,793

Essex

Property

Trust,

Inc.

........

16,929

Estee

Lauder

Cos.,

Inc.

(The),

Class

226

61,544

Expedia

Group,

Inc.

(d)

...........

662

129,534

Extra

Space

Storage,

Inc.

........

19,326

Exxon

Mobil

Corp.

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

1,074

88,702

Networks,

Inc.

(d)

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

1,331

278,112

Fanatics

Holdings

Inc.,

(Acquired

12/15/21,

cost

$301,006)

(e)(g)

....

4,437

282,903

FedEx

Corp.

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

218

50,443

Fidelity

National

Information

Services,

Inc.

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

7,833

First

Republic

Bank

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

15,886

Floor

Decor

Holdings,

Inc.,

Class

(d)

1,206

97,686

Ford

Motor

Co.

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

5,653

95,592

Fortinet,

Inc.

(d)

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

689

235,459

Fortive

Corp.

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

12,796

779,660

Fortune

Brands

Home

Security,

Inc.

1,263

Franklin

Resources,

Inc.

.........

293

8,181

Freeport-McMoRan,

Inc.

(h)

........

17,844

887,561

Frontier

Communications

Parent,

Inc.

(d)

3,560

98,505

Gartner,

Inc.

(d)

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

8,626

Generac

Holdings,

Inc.

(d)

.........

362

107,608

General

Dynamics

Corp.

.........

3,135

General

Motors

Co.

(d)

...........

13,322

582,704

Genuine

Parts

Co.

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

130

16,383

Gilead

Sciences,

Inc.

...........

368

21,878

Gitlab,

Inc.,

Class

(d)

...........

708

Global

Foundries,

Inc.

(d)(f)

.........

2,203

137,511

Green

Plains,

Inc.

(d)

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

1,170

36,282

Hasbro,

Inc.

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

2,212

HCA

Healthcare,

Inc.

...........

21,303

Hess

Corp.

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

10,169

Hewlett

Packard

Enterprise

Co.

....

1,647

27,521

Highland

Transcend

Partners

Corp.,

Class

(d)

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

4,772

46,909

Hilton

Worldwide

Holdings,

Inc.

(d)

...

3,016

457,648

Hologic,

Inc.

(d)

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

116

8,911

Home

Depot,

Inc.

(The)

.........

2,478

741,740

Honeywell

International,

Inc.

......

1,362

HP,

Inc.

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

273

9,910

HubSpot,

Inc.

(d)

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

31,346

Humana,

Inc.

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

2,276

990,447

Huntington

Ingalls

Industries,

Inc.

...

14,759

IDEXX

Laboratories,

Inc.

(d)

........

16,412

iHeartMedia,

Inc.,

Class

(d)

.......

1,136

Illinois

Tool

Works,

Inc.

..........

1,675

Informatica,

Inc.,

Class

(d)(f)

.......

3,125

61,688

Ingersoll

Rand,

Inc.

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

3,927

Intel

Corp.

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

2,082

International

Flavors

Fragrances,

Inc.

3,345

439,299

Intuit,

Inc.

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

300

144,252

Intuitive

Surgical,

Inc.

(d)

..........

1,803

543,929

Invesco

Ltd.

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

378

8,717

IQVIA

Holdings,

Inc.

(d)

...........

1,618

Jawbone

Health

Hub,

Inc.,

(Acquired

01/24/17,

cost

$0)

(d)(e)(g)

........

6,968

—

Johnson

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

4,052

718,136

Johnson

Controls

International

plc

806

52,849

JPMorgan

Chase

Co.

.........

246

33,535

BlackRock

Global

Allocation

Portfolio

(Percentages

shown

are

based

Net

Assets)

Consolidated

Schedule

Investments

(unaudited)

(continued)

March

31,

2022

Security

Value

United

States

(continued)

Kellogg

Co.

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

1,999

Khosla

Ventures

Acquisition

Co.

(d)

...

4,084

39,942

Kinder

Morgan,

Inc.

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

1,037

19,610

KLA

Corp.

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

1,098

Laboratory

Corp.

America

Holdings

(d)

21,356

Lam

Research

Corp.

...........

30,644

Latch,

Inc.,

(Acquired

06/04/21,

cost

$51,030)

(d)(g)

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

4,082

17,430

Lennar

Corp.,

Class

...........

754

61,202

Liberty

Media

Acquisition

Corp.

(d)

...

12,038

120,741

Liberty

Media

Corp.-Liberty

SiriusXM,

Class

(d)

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

6,640

303,514

Liberty

Media

Corp.-Liberty

SiriusXM,

Class

(d)

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

8,942

408,918

Lions

Gate

Entertainment

Corp.,

Class

(d)

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

3,576

58,110

Live

Nation

Entertainment,

Inc.

(d)

...

1,199

141,050

LKQ

Corp.

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

272

12,352

Lockheed

Martin

Corp.

..........

1,324

Loews

Corp.

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

1,880

Lookout,

Inc.,

(Acquired

03/04/15,

cost

$16,643)

(d)(e)(g)

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

1,457

15,852

Lowe's

Cos.,

Inc.

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

751

151,845

Lululemon

Athletica,

Inc.

(d)

........

17,896

LyondellBasell

Industries

NV,

Class

1,192

122,561

Marsh

McLennan

Cos.,

Inc.

.....

6,449

1,099,039

Masco

Corp.

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

4,746

242,046

Masimo

Corp.

(d)

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

423

61,563

Mastercard,

Inc.,

Class

.........

3,751

1,340,532

McDonald's

Corp.

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

2,075

513,106

Medtronic

plc

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

9,986

Merck

Co.,

Inc.

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

308

25,271

BlackRock Series Fund NPORT-PBlackRock Global Allocation Portfolio (Mar 2022 report)