BlackRock Series Fund NPORT-P BlackRock Global Allocation Portfolio (Sep 2024 report)

Consolidated

Schedule

of

Investments

(unaudited)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

1

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Pa

r

(

000)

Value

Asset-Backed

Securities

Cayman

Islands

—

0.3%

(a)(b)

Elmwood

CLO

II

Ltd.,

Series

2019-2A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.91%

Floor

+

1.91%),

7.19%,

04/20/34

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

USD

250

$

250,935

Voya

CLO

Ltd.,

Series

2017-3A,

Class

A1R,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.30%),

6.58%,

04/20/34

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

150

150,352

401,287

Ireland

—

0.6%

(b)(c)

AB

Carval

Euro

CLO

II-C

DAC,

Series

2X,

Class

D,

(3-mo.

EURIBOR

at

3.75%

Floor

+

3.75%),

7.28%,

02/15/37

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

EUR

100

111,086

Arbour

CLO

VI

DAC,

Series

6X,

Class

DR,

(3-mo.

EURIBOR

at

3.20%

Floor

+

3.20%),

0.00%,

11/15/37

.

100

110,758

Capital

Four

CLO

VIII

DAC,

Series

8X,

Class

D,

(3-mo.

EURIBOR

at

3.25%

Floor

+

3.25%),

0.00%,

10/25/37

.

100

111,315

Palmer

Square

European

Loan

Funding

DAC,

Series

2024-2X,

Class

D,

(3-mo.

EURIBOR

at

3.15%

Floor

+

3.15%),

6.61%,

05/15/34

.......

100

111,306

Penta

CLO

DAC,

Series

2024-17X,

Class

D,

(3-mo.

EURIBOR

at

3.25%

Floor

+

3.25%),

6.81%,

08/15/38

.

100

111,514

Providus

CLO

II

DAC,

Series

2X,

Class

DRR,

(3-mo.

EURIBOR

at

3.20%

Floor

+

3.20%),

0.00%,

10/15/38

.

100

111,315

Sona

Fios

CLO

III

DAC,

Series

3X,

Class

D,

(3-mo.

EURIBOR

at

3.25%

Floor

+

3.25%),

6.41%,

04/20/37

.

110

122,069

Tikehau

CLO

XI

I

DAC,

Series

12X,

Class

D,

(3-mo.

EURIBOR

at

3.25%

Floor

+

3.25%),

6.62%,

10/20/38

.

100

111,452

900,815

United

Kingdom

—

0.0%

Unique

Pub

Finance

Co.

plc

(The),

Series

N,

6.46%,

03/30/32

(c)(d)

...

GBP

15

20,632

United

States

—

0.9%

AccessLex

Institute,

Series

2007-A,

Class

A3,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

0.56%),

5.63%,

05/25/36

(b)

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

USD

11

11,149

Ajax

Mortgage

Loan

Trust,

Series

2021-

E,

Class

A1,

1.74%,

12/25/60

(a)(b)

.

149

131,852

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2021-3CS,

Class

A,

2.10%,

05/20/48

(a)

...........

20

16,515

GreenSky

Home

Improvement

Trust,

Series

2024-1,

Class

A4,

5.67%,

06/25/59

(a)

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

110

111,649

Mariner

Finance

Issuance

Trust,

Series

2020-AA,

Class

A,

2.19%,

08/21/34

(a)

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

5

5,131

Navient

Private

Education

Refi

Loan

Trust

(a)

Series

2021-DA,

Class

A,

(US

Prime

Rate

at

0.00%

Floor

-

1.99%),

6.51%,

04/15/60

(b)

.........

56

54,933

Series

2021-DA,

Class

C,

3.48%,

04/15/60

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

110

100,874

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2024-A,

Class

A,

5.66%,

10/15/72

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

USD

142

$

145,690

Nelnet

Student

Loan

Trust

(a)

Series

2021-A,

Class

D,

4.93%,

04/20/62

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

100

87,400

Series

2021-BA,

Class

C,

3.57%,

04/20/62

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

100

84,631

Pagaya

AI

Debt

Selection

Trust,

Series

2021-2,

Class

NOTE,

3.00%,

01/25/29

(a)

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

13

13,050

RMIT

Cash

Management

LLC,

Series

2021-3,

Class

A,

3.88%,

10/17/33

(e)

200

186,760

SLM

Private

Education

Loan

Trust,

Series

2010-C,

Class

A5,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.86%),

9.96%,

10/15/41

(a)(b)

....

105

109,951

SMB

Private

Education

Loan

Trust,

Series

2021-A,

Class

C,

2.99%,

01/15/53

(a)

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

125

108,086

SoFi

Per

sonal

Loan

Trust,

Series

2024-

1A,

Class

A,

6.06%,

02/12/31

(a)

..

109

111,274

Subway

Funding

LLC,

Series

2024-1A,

Class

A2II,

6.27%,

07/30/54

(a)

...

45

46,473

1,325,418

Total

Asset-Backed

Securities

—

1.8%

(Cost:

$2,710,774)

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

2,648,152

Shares

Shares

Common

Stocks

Australia

—

0.6%

BHP

Group

Ltd.

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

3,774

117,168

Brambles

Ltd.

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

3,769

49,471

Coles

Group

Ltd.

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

5,623

70,099

Glencore

plc

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

75,486

432,282

Macquarie

Group

Ltd.

...........

484

77,446

Medibank

Pvt

Ltd.

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

6,910

17,434

Quintis

HoldCo

Pty.

Ltd.

(e)(f)(g)

......

218,994

1

Rio

Tinto

Ltd.

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

422

37,324

Steadfast

Group

Ltd.

...........

2,303

9,014

Wesfarmers

Ltd.

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

246

11,946

Woolworths

Group

Ltd.

..........

3,252

74,729

896,914

Belgium

—

0.0%

Ageas

SA

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

145

7,737

Syensqo

SA

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

491

43,360

51,097

Brazil

—

0.2%

Ambev

SA

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

18,014

43,417

B3

SA

-

Brasil

Bolsa

Balcao

.......

48,727

96,064

Banco

do

Brasil

SA

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

8,821

44,172

Embraer

SA

(g)

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

1,520

13,451

Magazine

Luiza

SA

(g)

...........

5,200

9,221

Seguridade

Participacoes

SA

......

1,953

12,806

XP,

Inc.

,

Class

A

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

1,101

19,752

238,883

Cambodia

—

0.0%

NagaCorp

Ltd.

(g)

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

8,000

3,802

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

2

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Canada

—

1.4%

Algoma

Steel

Group,

Inc.

........

4,547

$

46,516

Alimentation

Couche-Tard,

Inc.

.....

267

14,761

Barrick

Gold

Corp.

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

3,926

78,087

Cameco

Corp.

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

10,130

483,809

Canadian

National

Railway

Co.

....

204

23,888

Canadian

Natural

Resources

Ltd.

...

1,722

57,181

Cenovus

Energy,

Inc.

...........

1,107

18,515

Enbridge,

Inc.

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

12,515

508,392

Fairfax

Financial

Holdings

Ltd.

.....

79

99,749

Franco-Nevada

Corp.

...........

1,161

144,201

Lionsgate

Studios

Corp.

(g)

........

2,108

15,072

Nutrien

Ltd.

(h)

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

351

16,867

Power

Corp.

of

Canada

(h)

........

5,741

181,087

Suncor

Energy,

Inc.

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

9,252

341,499

Teck

Resources

Ltd.

,

Class

B

.....

305

15,931

Thomson

Reuters

Corp.

.........

164

27,974

Toronto-Dominion

Bank

(The)

.....

541

34,209

2,107,738

Cayman

Islands

—

0.0%

Teya

Services

Ltd.,

Series

C

,

(Acquired

11/16/21,

cost

$73,809)

(e)(g)(i)

....

38

10,746

China

—

1.3%

Anhui

Gujing

Distillery

Co.

Ltd.

,

Class

B

100

1,596

BeiGene

Ltd.

(g)

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

1,000

17,575

BYD

Co.

Ltd.

,

Class

H

..........

18,000

642,203

Contemporary

Amperex

Technology

Co.

Ltd.

,

Class

A

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

7,835

275,721

CSPC

Pharmaceutical

Group

Ltd.

...

30,000

22,975

Great

Wall

Motor

Co.

Ltd.

,

Class

A

..

27,557

117,781

Great

Wall

Motor

Co.

Ltd.

,

Class

H

..

19,000

34,897

Haidilao

International

Holding

Ltd.

(a)(c)

18,000

43,079

JD.com,

Inc.

,

Class

A

(h)

..........

854

17,129

Lenovo

Group

Ltd.

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

12,000

16,086

Li

Auto,

Inc.

,

Class

A

(g)

..........

3,846

49,455

Nongfu

Spring

Co.

Ltd.

,

Class

H

(a)(c)(h)

12,053

51,913

Prosus

NV

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

2,564

112,053

Seres

Group

Co.

Ltd.

,

Class

A

(g)

....

900

11,491

Shenzhen

Transsion

Holdings

Co.

Ltd.

,

Class

A

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

1,538

23,685

Tencent

Holdings

Ltd.

(h)

..........

6,141

341,470

Weichai

Power

Co.

Ltd.

,

Class

A

....

46,817

105,136

Weichai

Power

Co.

Ltd.

,

Class

H

...

25,000

45,694

Yum

China

Holdings,

Inc.

........

205

9,229

1,939,168

Colombia

—

0.0%

Bancolombia

SA

,

ADR

..........

88

2,761

Czech

Republic

—

0.0%

Komercni

Banka

A/S

...........

130

4,583

Moneta

Money

Bank

A/S

(a)(c)

......

526

2,582

7,165

Denmark

—

0.6%

AP

Moller

-

Maersk

A/S

,

Class

B

....

19

31,973

Carlsberg

A/S

,

Class

B

..........

438

52,155

Genmab

A/S

(g)

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

81

19,637

Novo

Nordisk

A/S

,

Class

B

.......

6,539

775,601

Vestas

Wind

Systems

A/S

(g)

.......

3,744

82,382

961,748

Finland

—

0.1%

Elisa

OYJ

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

1,184

62,769

Sampo

OYJ

,

Class

A

...........

133

6,203

68,972

Security

Shares

Shares

Value

France

—

2.0%

Accor

SA

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

6,107

$

265,471

AXA

SA

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

2,992

115,183

BNP

Paribas

SA

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

261

17,910

Carrefour

SA

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

4,365

74,430

Cie

de

Saint-Gobain

SA

.........

6,929

631,942

Dassault

Systemes

SE

..........

1,605

63,752

Edenred

SE

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

968

36,664

EssilorLuxottica

SA

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

1,532

362,968

Hermes

International

SCA

........

64

157,591

La

Francaise

des

Jeux

SAEM

(a)(c)

...

739

30,409

L'Oreal

SA

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

34

15,250

LVMH

Moet

Hennessy

Louis

Vuitton

SE

1,291

990,037

Orange

SA

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

2,660

30,465

SCOR

SE

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

330

7,382

TotalEnergies

SE

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

2,770

179,871

Valeo

SE

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

1,144

13,842

2,993,167

Georgia

—

0.0%

Bank

of

Georgia

Group

plc

.......

67

3,292

Germany

—

0.9%

adidas

AG

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

1,914

507,184

Allianz

SE

(Registered)

..........

191

62,824

BASF

SE

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

366

19,399

CTS

Eventim

AG

&

Co.

KGaA

.....

365

38,006

Evonik

Industries

AG

...........

3,508

82,120

Fresenius

Medical

Care

AG

.......

883

37,520

Heidelberg

Materials

AG

.........

367

39,981

Mercedes-Benz

Group

AG

........

2,053

133,033

MTU

Aero

Engines

AG

..........

321

100,321

Northern

Data

AG

(g)

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

173

4,932

Rational

AG

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

26

26,545

Rheinmetall

AG

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

62

33,705

RWE

AG

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

4,442

161,835

Symrise

AG

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

391

54,110

Zalando

SE

(a)(c)(g)

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

692

22,872

1,324,387

Greece

—

0.0%

Athens

International

Airport

SA

.....

888

7,540

National

Bank

of

Greece

SA

......

782

6,685

OPAP

SA

,

Class

R

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

225

3,997

Piraeus

Financial

Holdings

SA

.....

341

1,452

19,674

Hong

Kong

—

0.2%

AIA

Group

Ltd.

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

34,800

303,904

Prudential

plc

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

2,418

22,432

326,336

Hungary

—

0.0%

MOL

Hungarian

Oil

&

Gas

plc

.....

1,011

7,563

OTP

Bank

Nyrt

.

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

125

6,538

14,101

India

—

0.2%

Aditya

Birla

Capital

Ltd.

(g)

........

3,569

10,105

Axis

Bank

Ltd.

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

744

10,938

Bharat

Electronics

Ltd.

..........

1,971

6,716

Bharat

Petroleum

Corp.

Ltd.

......

1,644

7,245

Cipla

Ltd.

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

751

14,838

Eicher

Motors

Ltd.

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

140

8,397

GAIL

India

Ltd.

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

4,239

12,152

Godrej

Consumer

Products

Ltd.

....

741

12,300

Hero

MotoCorp

Ltd.

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

134

9,137

Hindustan

Aeronautics

Ltd.

(c)

......

399

21,054

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

3

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

India

(continued)

IndusInd

Bank

Ltd.

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

644

$

11,117

InterGlobe

Aviation

Ltd.

(a)(c)(g)

......

124

7,073

JSW

Energy

Ltd.

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

823

7,193

Kotak

Mahindra

Bank

Ltd.

........

3,740

82,671

Larsen

&

Toubro

Ltd.

...........

177

7,762

Maruti

Suzuki

India

Ltd.

.........

55

8,685

REC

Ltd.

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

625

4,138

Reliance

Industries

Ltd.

.........

388

13,651

Think

&

Learn

Pvt

Ltd.,

(Acquired

12/11/20,

cost

$67,547)

(e)(g)(i)

....

45

—

UltraTech

Cement

Ltd.

..........

103

14,503

269,675

Indonesia

—

0.1%

Astra

International

Tbk

.

PT

.......

18,100

6,028

Bank

Central

Asia

Tbk

.

PT

........

84,100

57,354

Bank

Negara

Indonesia

Persero

Tbk

.

PT

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

90,300

31,887

Bank

Syariah

Indonesia

Tbk

.

PT

....

93,200

18,565

Ciputra

Development

Tbk

.

PT

.....

86,400

7,573

121,407

Ireland

—

0.1%

Kingspan

Group

plc

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

766

71,843

TE

Connectivity

plc

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

83

12,532

84,375

Italy

—

1.3%

Coca-Cola

HBC

AG

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

357

12,728

Ferrari

NV

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

522

244,610

FinecoBank

Banca

Fineco

SpA

....

547

9,388

Intesa

Sanpaolo

SpA

...........

209,268

895,813

Mediobanca

Banca

di

Credito

Finanziario

SpA

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

4,546

77,675

Snam

SpA

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

3,584

18,256

UniCredit

SpA

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

15,213

667,875

Wizz

Air

Holdings

plc

(a)(c)(g)

........

301

5,839

1,932,184

Japan

—

3.2%

Astellas

Pharma,

Inc.

...........

500

5,779

Bridgestone

Corp.

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

400

15,447

Canon,

Inc.

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

400

13,174

Dai-ichi

Life

Holdings,

Inc.

........

1,500

38,921

Daiichi

Sankyo

Co.

Ltd.

..........

4,149

137,051

Daikin

Industries

Ltd.

...........

1,339

187,943

Ebara

Corp.

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

2,400

39,338

FANUC

Corp.

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

1,376

40,414

Fast

Retailing

Co.

Ltd.

..........

100

33,180

FUJIFILM

Holdings

Corp.

........

5,343

138,314

GMO

Payment

Gateway,

Inc.

......

100

6,085

Hitachi

Ltd.

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

2,700

71,597

Hoya

Corp.

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

4,559

631,438

Isetan

Mitsukoshi

Holdings

Ltd.

(h)

...

1,800

28,257

Ito

En

Ltd.

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

1,714

40,793

Kakaku.com,

Inc.

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

300

5,222

Kansai

Paint

Co.

Ltd.

(h)

..........

1,872

33,438

Kawasaki

Kisen

Kaisha

Ltd.

(h)

.....

3,800

59,240

Keyence

Corp.

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

1,381

661,861

Kokusai

Electric

Corp.

..........

2,100

47,352

Kuraray

Co.

Ltd.

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

800

11,887

Kyushu

Railway

Co.

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

1,900

54,661

Makita

Corp.

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

314

10,607

Mazda

Motor

Corp.

(h)

...........

5,200

39,731

MEIJI

Holdings

Co.

Ltd.

.........

511

12,781

Mitsubishi

Electric

Corp.

(h)

........

6,000

97,326

Mitsubishi

UFJ

Financial

Group,

Inc.

.

58,200

597,633

Security

Shares

Shares

Value

Japan

(continued)

Mitsui

&

Co.

Ltd.

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

22,700

$

507,664

Mitsui

High-Tec,

Inc.

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

1,000

6,306

Mitsui

OSK

Lines

Ltd.

(h)

..........

2,500

86,552

Mizuho

Financial

Group,

Inc.

......

1,400

28,939

Money

Forward,

Inc.

(g)

..........

200

8,149

MS&AD

Insurance

Group

Holdings,

Inc.

5,400

126,923

NET

One

Systems

Co.

Ltd.

.......

628

15,683

Nexon

Co.

Ltd.

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

700

13,910

Nidec

Corp.

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

3,200

67,370

Nintendo

Co.

Ltd.

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

300

16,035

Nippon

Paint

Holdings

Co.

Ltd.

.....

13,054

99,418

Nippon

Yusen

KK

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

1,500

55,097

Nomura

Research

Institute

Ltd.

....

2,716

100,795

Ono

Pharmaceutical

Co.

Ltd.

(h)

.....

900

12,081

Panasonic

Holdings

Corp.

........

11,500

101,025

Rakus

Co.

Ltd.

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

4,173

64,998

Santen

Pharmaceutical

Co.

Ltd.

....

1,463

17,760

Sekisui

House

Ltd.

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

1,100

30,542

Shiseido

Co.

Ltd.

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

500

13,598

Socionext

,

Inc.

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

1,300

25,858

Sojitz

Corp.

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

1,800

42,649

Sompo

Holdings,

Inc.

...........

4,000

90,163

Sumitomo

Mitsui

Financial

Group,

Inc.

600

12,820

Takeda

Pharmaceutical

Co.

Ltd.

....

200

5,763

TDK

Corp.

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

1,500

19,161

TIS,

Inc.

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

500

12,763

Tokyo

Electron

Ltd.

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

400

71,334

Toyo

Tire

Corp.

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

499

7,329

Toyota

Tsusho

Corp.

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

2,300

42,053

Trend

Micro,

Inc.

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

1,100

65,313

Yamaha

Motor

Co.

Ltd.

..........

5,676

51,119

4,878,640

Jordan

—

0.0%

Hikma

Pharmaceuticals

plc

.......

867

22,186

Kazakhstan

—

0.0%

Kaspi.KZ

JSC

,

ADR

(c)(h)

..........

93

9,857

Macau

—

0.0%

Wynn

Macau

Ltd.

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

47,926

41,220

Malaysia

—

0.0%

CIMB

Group

Holdings

Bhd.

.......

2,100

4,109

Frontken

Corp.

Bhd.

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

5,900

5,243

9,352

Mexico

—

0.1%

Cemex

SAB

de

CV

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

80,140

49,045

Fomento

Economico

Mexicano

SAB

de

CV

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

718

7,079

Grupo

Aeroportuario

del

Sureste

SAB

de

CV

,

Class

B

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

535

15,118

Grupo

Financiero

Banorte

SAB

de

CV

,

Class

O

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

6,467

46,028

Southern

Copper

Corp.

(h)

.........

179

20,705

Wal-Mart

de

Mexico

SAB

de

CV

....

12,245

36,946

174,921

Netherlands

—

1.9%

ABN

AMRO

Bank

NV

,

CVA

(a)(c)

.....

1,265

22,861

Argenx

SE

(g)

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

18

9,732

ASML

Holding

NV

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

1,336

1,111,366

ING

Groep

NV

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

11,250

204,109

Koninklijke

Ahold

Delhaize

NV

.....

3,825

132,120

Koninklijke

KPN

NV

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

32,982

134,708

Koninklijke

Vopak

NV

...........

933

43,300

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

4

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Netherlands

(continued)

Shell

plc

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

28,279

$

934,180

Shell

plc

,

ADR

(h)

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

2,111

139,220

Universal

Music

Group

NV

.......

463

12,113

Wolters

Kluwer

NV

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

491

82,818

2,826,527

New

Zealand

—

0.0%

Xero

Ltd.

(g)

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

342

35,351

Norway

—

0.1%

DNB

Bank

ASA

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

476

9,761

Equinor

ASA

(h)

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

3,200

80,956

90,717

Peru

—

0.0%

Credicorp

Ltd.

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

351

63,520

Philippines

—

0.0%

Ayala

Land,

Inc.

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

14,200

9,248

Bloomberry

Resorts

Corp.

(g)

.......

53,600

7,738

International

Container

Terminal

Services,

Inc.

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

660

4,783

Metropolitan

Bank

&

Trust

Co.

.....

3,940

5,541

27,310

Poland

—

0.0%

LPP

SA

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

1

4,099

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

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

390

5,683

Powszechny

Zaklad

Ubezpieczen

SA

3,893

42,558

52,340

Portugal

—

0.0%

Jeronimo

Martins

SGPS

SA

.......

354

6,951

Saudi

Arabia

—

0.0%

Abdullah

Al

Othaim

Markets

Co.

....

2,453

7,789

Elm

Co.

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

22

6,830

Etihad

Etisalat

Co.

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

631

8,659

Riyadh

Cables

Group

Co.

........

109

2,882

Saudi

Basic

Industries

Corp.

......

256

5,111

Saudi

National

Bank

(The)

........

1,508

13,840

Yanbu

National

Petrochemical

Co.

..

453

5,159

50,270

Singapore

—

0.0%

Sea

Ltd.

,

ADR,

Class

A

(g)

.........

49

4,620

STMicroelectronics

NV

..........

317

9,467

UOL

Group

Ltd.

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

2,010

8,686

22,773

South

Africa

—

0.0%

Anglo

American

plc

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

626

20,349

Capitec

Bank

Holdings

Ltd.

.......

33

5,815

FirstRand

Ltd.

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

3,690

17,702

Kumba

Iron

Ore

Ltd.

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

636

14,761

58,627

South

Korea

—

0.5%

Doosan

Enerbility

Co.

Ltd.

(g)

.......

5,011

68,577

Fila

Holdings

Corp.

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

164

5,263

GS

Engineering

&

Construction

Corp.

(g)

711

9,949

HD

Hyundai

Infracore

Co.

Ltd.

.....

1,767

10,127

HD

Hyundai

Mipo

(g)

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

92

6,997

Hyundai

Motor

Co.

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

153

28,495

KakaoBank

Corp.

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

2,020

32,577

Krafton

,

Inc.

(g)

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

80

20,811

NAVER

Corp.

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

251

32,330

Orion

Corp.

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

171

12,691

Security

Shares

Shares

Value

South

Korea

(continued)

Samsung

Electronics

Co.

Ltd.

.....

1,819

$

85,018

Samsung

Life

Insurance

Co.

Ltd.

...

221

15,784

Seegene

,

Inc.

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

274

5,147

SK

Hynix,

Inc.

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

2,659

355,872

689,638

Spain

—

0.7%

Amadeus

IT

Group

SA

..........

157

11,370

Banco

Bilbao

Vizcaya

Argentaria

SA

.

18,635

201,300

Banco

de

Sabadell

SA

..........

7,712

16,378

Banco

Santander

SA

...........

1,586

8,127

Bankinter

SA

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

1,518

13,401

Cellnex

Telecom

SA

(a)(c)

..........

18,008

730,095

Industria

de

Diseno

Textil

SA

......

955

56,561

Repsol

SA

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

1,963

25,891

1,063,123

Sweden

—

0.3%

Boliden

AB

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

651

22,094

Evolution

AB

(a)(c)

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

441

43,374

SSAB

AB

,

Class

A

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

1,697

8,886

SSAB

AB

,

Class

B

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

2,978

15,248

Telia

Co.

AB

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

26,514

85,736

Trelleborg

AB

,

Class

B

..........

1,424

54,811

Volvo

AB

,

Class

B

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

6,889

182,229

412,378

Switzerland

—

0.5%

ABB

Ltd.

(Registered)

...........

1,461

84,761

Alcon,

Inc.

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

230

23,018

Galderma

Group

AG

(g)

..........

2,706

251,305

Julius

Baer

Group

Ltd.

..........

850

51,258

Kuehne

+

Nagel

International

AG

(Registered)

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

301

82,239

Novartis

AG

(Registered)

........

329

37,882

SGS

SA

(Registered)

...........

825

92,121

Sika

AG

(Registered)

...........

208

68,945

UBS

Group

AG

(Registered)

......

1,796

55,575

747,104

Taiwan

—

1.2%

Acer,

Inc.

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

22,879

29,448

ASE

Technology

Holding

Co.

Ltd.

...

4,000

18,970

ASMedia

Technology,

Inc.

........

1,000

50,824

Asustek

Computer,

Inc.

..........

1,000

17,372

Chicony

Electronics

Co.

Ltd.

......

9,379

48,359

Compal

Electronics,

Inc.

.........

50,519

53,012

Evergreen

Marine

Corp.

Taiwan

Ltd.

.

9,000

57,198

Genius

Electronic

Optical

Co.

Ltd.

..

3,779

57,770

Global

Unichip

Corp.

...........

1,000

34,328

Inventec

Corp.

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

12,000

16,306

MediaTek,

Inc.

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

2,940

108,355

Quanta

Computer,

Inc.

..........

13,571

113,104

Realtek

Semiconductor

Corp.

.....

3,796

56,342

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

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

33,000

995,087

Wan

Hai

Lines

Ltd.

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

10,000

30,874

Wistron

Corp.

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

9,000

28,704

Yang

Ming

Marine

Transport

Corp.

..

10,000

21,770

1,737,823

Thailand

—

0.0%

Advanced

Info

Service

PCL

.......

1,100

8,876

CP

ALL

PCL

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

1,800

3,648

True

Corp.

PCL

,

NVDR

(g)

.........

16,800

5,834

18,358

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

5

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Turkey

—

0.0%

Eldorado

Gold

Corp.

(g)

..........

467

$

8,112

Turkiye

Is

Bankasi

A/S

,

Class

C

....

18,448

7,561

15,673

United

Arab

Emirates

—

0.0%

NMC

Health

plc

(e)(g)

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

8,338

—

United

Kingdom

—

2.3%

AstraZeneca

plc

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

414

64,496

AstraZeneca

plc

,

ADR

..........

924

71,989

Auto

Trader

Group

plc

(a)(c)

........

6,275

72,948

BAE

Systems

plc

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

55,495

921,332

Barclays

plc

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

18,856

56,654

BP

plc

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

10,103

52,693

British

American

Tobacco

plc

......

804

29,312

Compass

Group

plc

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

12,575

403,151

Flutter

Entertainment

plc

(g)

........

117

27,513

Genius

Sports

Ltd.

(g)(h)

...........

5,166

40,502

Imperial

Brands

plc

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

375

10,908

J

Sainsbury

plc

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

21,595

85,459

Kingfisher

plc

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

4,422

19,084

London

Stock

Exchange

Group

plc

..

1,367

187,157

Marks

&

Spencer

Group

plc

.......

8,606

42,948

National

Grid

plc

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

37,397

516,939

NatWest

Group

plc

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

10,201

47,224

Pearson

plc

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

2,812

38,227

RELX

plc

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

10,622

501,532

Rolls-Royce

Holdings

plc

(g)

.......

12,375

87,584

Spirax

Group

plc

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

1,324

133,466

Standard

Chartered

plc

..........

3,700

39,242

Tesco

plc

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

5,620

26,983

3,477,343

United

States

—

42.9%

AbbVie,

Inc.

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

330

65,168

Adobe,

Inc.

(g)

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

2,108

1,091,480

Advanced

Micro

Devices,

Inc.

(g)

....

500

82,040

AES

Corp.

(The)

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

4,649

93,259

Aiven

,

Inc.,

Series

D

(e)(g)

.........

647

35,611

Albertsons

Cos.,

Inc.

,

Class

A

.....

1,393

25,743

Alphabet,

Inc.

,

Class

C

..........

12,219

2,042,895

Altair

Engineering,

Inc.

,

Class

A

(g)

...

1,843

176,025

Altice

USA,

Inc.

,

Class

A

(g)

........

2,902

7,139

Altria

Group,

Inc.

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

2,953

150,721

Amazon.com,

Inc.

(g)(j)

...........

13,431

2,502,598

AMC

Networks,

Inc.

,

Class

A

(g)

.....

748

6,500

American

Express

Co.

..........

100

27,120

American

Tower

Corp.

..........

2,186

508,376

American

Water

Works

Co.,

Inc.

....

682

99,736

Amgen,

Inc.

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

327

105,363

Amphenol

Corp.

,

Class

A

........

747

48,675

ANSYS,

Inc.

(g)

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

146

46,520

Aon

plc

,

Class

A

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

144

49,823

Apple,

Inc.

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

10,243

2,386,619

Applied

Materials,

Inc.

..........

1,880

379,854

Astra

Space,

Inc.

,

Class

A

(g)

.......

390

195

Atlassian

Corp.

,

Class

A

(g)

........

485

77,023

Autodesk,

Inc.

(g)

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

1,784

491,456

Avaya,

Inc.

(g)

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

16

104

Ball

Corp.

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

135

9,168

Bank

of

America

Corp.

..........

25,588

1,015,332

Berkshire

Hathaway,

Inc.

,

Class

B

(g)

.

346

159,250

Biogen,

Inc.

(g)

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

244

47,297

Block,

Inc.

,

Class

A

(g)

...........

957

64,243

Booking

Holdings,

Inc.

..........

30

126,364

Boston

Scientific

Corp.

(g)(j)

........

11,295

946,521

Security

Shares

Shares

Value

United

States

(continued)

Boyd

Gaming

Corp.

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

62

$

4,008

Bristol-Myers

Squibb

Co.

.........

3,488

180,469

Broadcom,

Inc.

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

5,782

997,395

Bunge

Global

SA

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

3,294

318,332

Cadence

Design

Systems,

Inc.

(g)

...

879

238,235

Caesars

Entertainment,

Inc.

(g)

.....

683

28,508

Capri

Holdings

Ltd.

(g)

...........

580

24,615

Cardinal

Health,

Inc.

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

220

24,314

Carnival

Corp.

(g)

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

5,382

99,459

Centene

Corp.

(g)

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

460

34,629

Centuri

Holdings,

Inc.

(g)(h)

.........

1,116

18,023

CF

Industries

Holdings,

Inc.

.......

5,668

486,314

Charles

Schwab

Corp.

(The)

......

7,318

474,280

Cheniere

Energy,

Inc.

...........

451

81,108

Chevron

Corp.

(h)

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

3,387

498,803

Chipotle

Mexican

Grill,

Inc.

(g)

......

6,409

369,287

Cisco

Systems,

Inc.

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

220

11,708

Citigroup,

Inc.

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

2,121

132,775

CME

Group,

Inc.

,

Class

A

........

45

9,929

Comerica,

Inc.

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

100

5,991

Concentra

Group

Holdings

Parent,

Inc.

(g)

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

1,033

23,098

Confluent,

Inc.

,

Class

A

(g)

........

23,531

479,562

ConocoPhillips

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

1,946

204,875

Constellium

SE

,

Class

A

(g)

........

2,883

46,878

Costco

Wholesale

Corp.

.........

957

848,400

CRH

plc

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

7,022

651,220

CRH

plc

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

119

10,891

Crowdstrike

Holdings,

Inc.

,

Class

A

(g)

.

727

203,902

Crown

Holdings,

Inc.

...........

207

19,847

Crown

PropTech

Acquisitions

(e)(g)

...

1,992

293

Crown

PropTech

Acquisitions

,

Class

A

(g)

845

9,075

CSL

Ltd.

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

219

43,260

Cummins,

Inc.

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

257

83,214

CyberArk

Software

Ltd.

(g)

.........

106

30,911

Danaher

Corp.

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

2,204

612,756

Datadog,

Inc.

,

Class

A

(g)

.........

686

78,931

Davidson

Kempner

Merchant

Co.-

Invest

Fund

LP,

(Acquired

04/07/21,

cost

$36,787)

(g)(i)(k)

...........

—

(l)

151,005

Dayforce,

Inc.

(g)

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

247

15,129

Deckers

Outdoor

Corp.

(g)

.........

1,182

188,470

Dell

Technologies,

Inc.

,

Class

C

....

789

93,528

Delta

Air

Lines,

Inc.

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

11,164

567,020

Devon

Energy

Corp.

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

1,551

60,675

Dexcom,

Inc.

(g)

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

2,262

151,644

DF

Residential

I

LP

(e)(g)

..........

93,000

93,000

Dollar

General

Corp.

...........

309

26,132

DoorDash

,

Inc.

,

Class

A

(g)

........

421

60,089

DR

Horton,

Inc.

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

1,038

198,019

DuPont

de

Nemours,

Inc.

........

1,160

103,368

Eaton

Corp.

plc

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

897

297,302

Edwards

Lifesciences

Corp.

(g)

.....

3,610

238,224

Elevance

Health,

Inc.

...........

214

111,280

Eli

Lilly

&

Co.

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

854

756,593

Entegris

,

Inc.

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

345

38,823

Enterprise

Products

Partners

LP

(h)

..

1,501

43,694

EOG

Resources,

Inc.

...........

1,285

157,965

EPAM

Systems,

Inc.

(g)

...........

32

6,369

Epic

Games,

Inc.,

(Acquired

07/02/20,

cost

$189,750)

(e)(g)(i)

..........

330

198,000

Equinix,

Inc.

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

78

69,235

Equity

Residential

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

106

7,893

Estee

Lauder

Cos.,

Inc.

(The)

,

Class

A

878

87,528

Etsy,

Inc.

(g)

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

1,008

55,974

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

6

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

United

States

(continued)

Eversource

Energy

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

1,612

$

109,697

Expeditors

International

of

Washington,

Inc.

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

480

63,072

Experian

plc

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

2,565

135,098

Fanatics

Holdings,

Inc.

,

Class

A

,

(Acquired

08/17/22,

cost

$301,006)

(e)

(g)(i)

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

4,437

307,928

Farmers

Business

Network,

Inc.

(e)(g)

..

2,421

6,416

First

Citizens

BancShares

,

Inc.

,

Class

A

25

46,024

First

Horizon

Corp.

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

1,113

17,285

Floor

&

Decor

Holdings,

Inc.

,

Class

A

(g)

1,752

217,546

FLYR,

Inc.

(e)(g)

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

18,486

131,807

Fortinet,

Inc.

(g)

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

3,736

289,727

Franklin

Resources,

Inc.

(h)

........

5,709

115,036

Freeport-McMoRan,

Inc.

.........

13,156

656,748

FreeWire

Technologies,

Inc.

(e)(g)

....

1

—

General

Electric

Co.

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

130

24,515

Gilead

Sciences,

Inc.

...........

1,308

109,663

GoDaddy,

Inc.

,

Class

A

(g)

.........

390

61,144

Golden

Entertainment,

Inc.

.......

109

3,465

Goldman

Sachs

Group,

Inc.

(The)

..

1,707

845,153

Grand

Rounds,

Inc.,

(Acquired

02/11/22,

cost

$179,056)

(e)(g)(i)

....

67,553

49,989

Green

Plains,

Inc.

(g)

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

1,170

15,842

GSK

plc

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

3,189

64,931

Halliburton

Co.

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

846

24,576

Hasbro,

Inc.

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

561

40,572

HawkEye

360,

Inc.,

Series

D1

(e)(g)

...

4,447

45,760

Healthpeak

Properties,

Inc.

.......

5,886

134,613

Hess

Corp.

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

1,569

213,070

Holcim

AG

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

869

85,104

Home

Depot,

Inc.

(The)

.........

688

278,778

Honeywell

International,

Inc.

......

998

206,297

Hormel

Foods

Corp.

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

932

29,544

Howmet

Aerospace,

Inc.

.........

184

18,446

Humana,

Inc.

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

288

91,221

IDEX

Corp.

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

163

34,963

iHeartMedia,

Inc.

,

Class

A

(g)

.......

60

111

Ingersoll

Rand,

Inc.

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

3,724

365,548

Intuit,

Inc.

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

269

167,049

Intuitive

Surgical,

Inc.

(g)

..........

1,405

690,234

Invesco

Ltd.

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

4,663

81,882

Jabil,

Inc.

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

530

63,510

James

Hardie

Industries

plc

,

CDI

(g)

..

1,170

46,493

Jawbone

Health

Hub,

Inc.,

(Acquired

01/24/17,

cost

$0)

(e)(g)(i)

........

6,968

—

Johnson

&

Johnson

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

1,502

243,414

JPMorgan

Chase

&

Co.

.........

4,435

935,164

Kimberly-Clark

Corp.

...........

798

113,539

Kinder

Morgan,

Inc.

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

664

14,668

KLA

Corp.

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

135

104,545

Kroger

Co.

(The)

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

552

31,630

Labcorp

Holdings,

Inc.

..........

86

19,219

Lam

Research

Corp.

...........

385

314,191

Landbridge

Co.

LLC

,

Class

A

(g)

.....

793

31,022

Landsea

Homes

Corp.

(g)

.........

1,081

13,350

Latch,

Inc.

(g)

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

4,082

2,041

Liberty

Media

Corp.-Liberty

Live

,

Class

C

(g)

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

129

6,622

Linde

plc

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

65

30,996

Lineage,

Inc.

(h)

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

332

26,022

Lions

Gate

Entertainment

Corp.

,

Class

A

(g)

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

2,487

19,473

Lions

Gate

Entertainment

Corp.

,

Class

B

(g)

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

214

1,481

Security

Shares

Shares

Value

United

States

(continued)

Live

Nation

Entertainment,

Inc.

(g)(h)

..

2,333

$

255,440

LKQ

Corp.

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

8,086

322,793

Lockheed

Martin

Corp.

..........

346

202,258

Lookout,

Inc.,

(Acquired

03/04/15,

cost

$16,643)

(e)(g)(i)

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

1,457

1,384

Lululemon

Athletica,

Inc.

(g)

........

241

65,395

Lumen

Technologies,

Inc.

(g)

.......

5,703

40,491

Marsh

&

McLennan

Cos.,

Inc.

.....

4,386

978,473

Marvell

Technology,

Inc.

.........

2,871

207,057

Masimo

Corp.

(g)

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

1,677

223,594

Mastercard,

Inc.

,

Class

A

.........

2,578

1,273,016

McKesson

Corp.

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

127

62,791

Merck

&

Co.,

Inc.

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

7,452

846,249

Meta

Platforms,

Inc.

,

Class

A

......

2,258

1,292,570

Mettler-Toledo

International,

Inc.

(g)

..

12

17,996

Micron

Technology,

Inc.

..........

3,544

367,548

Microsoft

Corp.

(j)

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

9,626

4,142,068

Mirion

Technologies,

Inc.

,

Class

A

(g)

.

11,497

127,272

Mirion

Technologies,

Inc.

,

Class

A

(g)

.

1,103

12,210

Moderna,

Inc.

(g)

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

129

8,621

MSCI,

Inc.

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

279

162,637

Nestle

SA

(Registered)

..........

976

98,081

NetApp,

Inc.

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

783

96,708

Netflix,

Inc.

(g)

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

335

237,605

New

York

Community

Bancorp,

Inc.

.

8,233

92,460

News

Corp.

,

Class

A

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

510

13,581

NextEra

Energy,

Inc.

...........

8,741

738,877

Northrop

Grumman

Corp.

........

418

220,733

Norwegian

Cruise

Line

Holdings

Ltd.

(g)

2,317

47,522

NRG

Energy,

Inc.

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

1,466

133,553

Nucor

Corp.

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

318

47,808

NVIDIA

Corp.

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

26,273

3,190,593

Old

Dominion

Freight

Line,

Inc.

....

121

24,035

Opendoor

Technologies,

Inc.

(g)

.....

5,720

11,440

Oracle

Corp.

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

5,820

991,728

Palladyne

AI

Corp.

(g)

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

228

408

Palladyne

AI

Corp.

(g)

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

4,710

8,432

Palo

Alto

Networks,

Inc.

(g)

........

896

306,253

Paramount

Global

,

Class

B

.......

1,550

16,461

Park

Hotels

&

Resorts,

Inc.

.......

607

8,559

Pfizer,

Inc.

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

675

19,535

Philip

Morris

International,

Inc.

.....

203

24,644

Playstudios

,

Inc.

(g)

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

6,121

9,243

PNC

Financial

Services

Group,

Inc.

(The)

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

620

114,607

Principal

Financial

Group,

Inc.

.....

1,127

96,809

Procter

&

Gamble

Co.

(The)

......

486

84,175

Progressive

Corp.

(The)

.........

4,782

1,213,480

Prologis,

Inc.

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

583

73,621

QUALCOMM,

Inc.

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

1,052

178,893

Regeneron

Pharmaceuticals,

Inc.

(g)

..

24

25,230

Rockwell

Automation,

Inc.

........

518

139,062

Rollins,

Inc.

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

795

40,211

Roper

Technologies,

Inc.

.........

80

44,515

Royal

Caribbean

Cruises

Ltd.

(h)

....

457

81,054

RTX

Corp.

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

217

26,292

RXO,

Inc.

(g)

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

413

11,564

S&P

Global,

Inc.

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

479

247,461

Salesforce,

Inc.

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

600

164,226

Sanofi

SA

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

4,304

495,560

Schneider

Electric

SE

...........

136

35,851

Screaming

Eagle

Acquistion

Corp.,

(Acquired

05/14/24,

cost

$21,956)

(g)

(i)

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

2,160

15,444

Seagate

Technology

Holdings

plc

...

497

54,436

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

7

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

United

States

(continued)

Sempra

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

5,085

$

425,259

ServiceNow,

Inc.

(g)

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

644

575,987

Skyworks

Solutions,

Inc.

.........

91

8,988

Snorkel

AI,

Inc.,

(Acquired

06/30/21,

cost

$7,945)

(e)(g)(i)

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

529

3,401

Snowflake,

Inc.

,

Class

A

(g)

........

799

91,773

Sonder

Holdings,

Inc.

,

Class

A

(g)

....

317

1,484

Space

Exploration

Technologies

Corp.

,

Class

A

,

(Acquired

08/21/23,

cost

$65,367)

(e)(g)(i)

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

807

90,384

Space

Exploration

Technologies

Corp.

,

Class

C

,

(Acquired

08/21/23,

cost

$70,227)

(e)(g)(i)

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

867

97,104

State

Street

Corp.

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

2,048

181,187

Stryker

Corp.

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

1,819

657,132

Sun

Country

Airlines

Holdings,

Inc.

(g)

.

7,468

83,716

Synchrony

Financial

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

1,184

59,058

T.

Rowe

Price

Group,

Inc.

(h)

.......

1,603

174,615

Tenaris

SA

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

3,882

61,615

Tesla,

Inc.

(g)

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

1,472

385,119

Texas

Capital

Bancshares,

Inc.

(g)

...

140

10,004

Thermo

Fisher

Scientific,

Inc.

......

1,119

692,180

TJX

Cos.,

Inc.

(The)

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

8,712

1,024,008

Toll

Brothers,

Inc.

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

2,242

346,367

Trane

Technologies

plc

..........

2,127

826,829

TransDigm

Group,

Inc.

..........

150

214,069

Transocean

Ltd.

(g)(h)

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

9,067

38,535

Union

Pacific

Corp.

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

1,199

295,530

United

States

Steel

Corp.

........

3,964

140,048

UnitedHealth

Group,

Inc.

.........

2,311

1,351,195

Universal

Health

Services,

Inc.

,

Class

B

274

62,749

Valero

Energy

Corp.

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

2,640

356,479

Veeva

Systems,

Inc.

,

Class

A

(g)

....

185

38,826

Ventas,

Inc.

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

806

51,689

Verizon

Communications,

Inc.

.....

3,110

139,670

Vertex

Pharmaceuticals,

Inc.

(g)

.....

103

47,903

Visa,

Inc.

,

Class

A

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

1,966

540,552

Vistra

Corp.

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

4,964

588,433

Walmart,

Inc.

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

14,049

1,134,457

Walt

Disney

Co.

(The)

..........

6,233

599,552

Warner

Bros

Discovery,

Inc.

(g)

.....

1,937

15,980

Waystar

Holding

Corp.

(g)

.........

720

20,081

Wells

Fargo

&

Co.

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

13,752

776,850

West

Pharmaceutical

Services,

Inc.

.

59

17,709

Workday,

Inc.

,

Class

A

(g)

.........

1,083

264,696

Wynn

Resorts

Ltd.

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

1,779

170,571

Zoetis,

Inc.

,

Class

A

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

615

120,159

Zscaler

,

Inc.

(g)

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

546

93,333

64,792,595

Zambia

—

0.0%

First

Quantum

Minerals

Ltd.

(g)

.....

167

2,277

Total

Common

Stocks

—

62.7%

(Cost:

$81,980,211)

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

94,704,466

Par

(000)

Pa

r

(

000)

Corporate

Bonds

Australia

—

0.1%

Mineral

Resources

Ltd.,

9.25%

,

10/01/28

(a)

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

USD

7

7,454

Oceana

Australian

Fixed

Income

Trust

(e)

12.00%,

08/31/25

...........

AUD

32

22,276

12.50%,

07/31/26

...........

47

32,756

Security

Par

(000)

Par

(000)

Value

Australia

(continued)

12.50%,

07/31/27

...........

AUD

79

$

55,507

Quintis

Australia

Pty.

Ltd.

(a)(e)(f)(g)(m)(n)

7.50%,

(7.50%

Cash

or

8.00%

PIK),

10/01/26

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

USD

463

63,628

0.00%,

(0.00%

Cash

or

12.00%

PIK),

10/01/28

...........

414

—

181,621

Austria

—

0.1%

ams

-OSRAM

AG

2.13%,

11/03/27

(c)(o)

..........

EUR

100

88,774

10.50%,

03/30/29

(a)

..........

100

115,184

203,958

Canada

—

0.3%

(a)

1011778

BC

ULC,

4.00%

,

10/15/30

..

USD

100

92,214

Air

Canada,

3.88%

,

08/15/26

......

6

5,843

HR

Ottawa

LP,

11.00%

,

03/31/31

...

386

423,343

521,400

China

—

0.1%

RKPF

Overseas

2019

A

Ltd.,

5.90%

,

09/05/28

(c)

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

177

82,177

France

—

0.6%

(c)

Accor

SA

,

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.67%),

4.88%

(b)(p)

......

EUR

100

112,551

Afflelou

SAS,

6.00%

,

07/25/29

.....

100

114,415

Alstom

SA,

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.93%),

5.87%

(b)(p)

..

100

114,906

Atos

SE,

2.50%

,

11/07/28

(g)(m)

......

100

5,532

Forvia

SE,

2.75%

,

02/15/27

.......

100

106,874

Iliad

Holding

SASU,

5.63%

,

10/15/28

100

113,263

Lion/Polaris

Lux

4

SA,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.63%),

7.33%

,

07/01/29

(b)

...........

100

111,871

Loxam

SAS,

6.38%

,

05/31/29

.....

100

116,324

RCI

Banque

SA,

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.75%),

5.50%

,

10/09/34

(b)

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

100

113,697

Worldline

SA,

0.00%

,

07/30/26

(o)(q)

..

9

8,789

918,222

Germany

—

0.9%

ADLER

Pelzer

Holding

GmbH,

9.50%

,

04/01/27

(a)

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

144

151,525

APCOA

Group

GmbH,

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.13%),

7.38%

,

04/15/31

(b)(c)

..........

100

111,343

APCOA

Holdings

GmbH

,

(3-mo.

EURIBOR

at

5.00%

Floor

+

5.00%),

8.69%

,

01/15/27

(a)(b)

..........

102

113,768

Aroundtown

Finance

SARL,

(5-Year

EURIBOR

ICE

Swap

Rate

+

4.51%),

7.13%

(b)(c)(p)

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

100

103,523

Commerzbank

AG,

(5-Year

EUR

Swap

Annual

+

6.74%),

6.50%

(b)(c)(p)

....

200

225,923

Deutsche

Bank

AG,

(5-Year

EURIBOR

ICE

Swap

Rate

+

4.55%),

4.50%

(b)(c)

(p)

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

200

204,680

Mahle

GmbH,

6.50%

,

05/02/31

(a)

...

100

108,087

Nidda

Healthcare

Holding

GmbH,

7.00%

,

02/21/30

(c)

...........

100

116,046

TK

Elevator

Midco

GmbH,

4.38%

,

07/15/27

(c)

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

100

110,387

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

8

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Germany

(continued)

Volkswagen

Financial

Services

Overseas

AG,

0.88%

,

01/31/28

(c)

.

EUR

31

$

31,863

1,277,145

India

—

0.1%

REI

Agro

Ltd.

(g)(m)(o)

5.50%,

11/13/14

(a)

...........

USD

220

1,100

5.50%,

11/13/14

(c)(e)

..........

152

—

TML

Holdings

Pte.

Ltd.,

4.35%

,

06/09/26

(c)

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

200

196,754

197,854

Israel

—

0.1%

Teva

Pharmaceutical

Finance

Netherlands

II

BV,

3.75%

,

05/09/27

EUR

100

110,300

Italy

—

0.7%

Bubbles

Bidco

SpA

,

(3-mo.

EURIBOR

+

4.25%),

7.53%

,

09/30/31

(b)(c)

...

100

111,037

FIS

Fabbrica

Italiana

Sintetici

SpA

,

5.63%

,

08/01/27

(c)

...........

100

111,048

IMA

Industria

Macchine

Automatiche

SpA

,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

7.44%

,

04/15/29

(b)(c)

100

112,579

Immobiliare

Grande

Distribuzione

SIIQ

SpA

,

6.25%

,

05/17/27

(c)(d)

......

71

81,585

Marcolin

SpA

,

6.13%

,

11/15/26

(a)

...

100

111,593

Nexi

SpA

,

0.00%

,

02/24/28

(c)(o)(q)

....

100

96,847

Pachelbel

Bidco

SpA

(c)

7.13%,

05/17/31

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

100

118,601

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.25%),

8.07%,

05/17/31

(b)

...

100

112,038

Rossini

SARL

,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.88%),

7.22%

,

12/31/29

(b)(c)

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

100

112,264

Snam

SpA

,

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.16%),

4.50%

(b)(c)(p)

.

100

112,484

1,080,076

Japan

—

0.1%

SoftBank

Group

Corp.,

5.38%

,

01/08/29

(c)

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

100

113,263

Jersey,

Channel

Islands

—

0.4%

Aston

Martin

Capital

Holdings

Ltd.,

10.38%

,

03/31/29

(c)

..........

GBP

100

133,087

TER

Finance

Jersey

Ltd.

(a)(q)

Series

21,

0.00%,

01/02/25

(e)

....

USD

273

264,455

Series

22,

0.00%,

10/02/25

.....

150

141,357

538,899

Luxembourg

—

0.2%

Cidron

Aida

Finco

SARL,

6.25%

,

04/01/28

(c)

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

GBP

100

126,910

Herens

Midco

SARL,

5.25%

,

05/15/29

(a)

EUR

100

83,237

Matterhorn

Telecom

SA,

3.13%

,

09/15/26

(c)

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

101

111,032

Opus-Chartered

Issuances

SA,

2.50%

,

07/04/25

(b)(c)(e)

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

22

24,587

345,766

Netherlands

—

0.3%

Boels

Topholding

BV,

6.25%

,

02/15/29

(c)

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

100

115,559

Q-Park

Holding

I

BV

5.13%,

02/15/30

(c)

...........

200

227,083

Security

Par

(000)

Par

(000)

Value

Netherlands

(continued)

Sigma

Holdco

BV,

5.75%

,

05/15/26

(c)

EUR

57

$

62,909

VZ

Vendor

Financing

II

BV,

2.88%

,

01/15/29

(c)

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

100

102,837

508,388

Spain

—

0.2%

(c)

Banco

de

Credito

Social

Cooperativo

SA,

(1-Year

EURIBOR

ICE

Swap

Rate

+

1.70%),

4.13%

,

09/03/30

(b)

100

112,772

Cellnex

Telecom

SA,

0.75%

,

11/20/31

(o)

100

97,993

Kaixo

Bondco

Telecom

SA,

5.13%

,

09/30/29

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

100

111,176

321,941

Sweden

—

0.1%

Intrum

AB,

3.00%

,

09/15/27

(c)

......

100

84,043

Switzerland

—

0.1%

UBS

Group

AG,

(USISSO05

+

3.63%),

6.85%

(a)(b)(p)

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

USD

200

202,381

Thailand

—

0.1%

Kasikornbank

PCL,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

4.94%),

5.28%

(b)

(c)(p)

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

200

198,250

United

Kingdom

—

1.5%

10x

Future

Technologies

Services

Ltd.,

(Acquired

12/19/23,

cost

$67,920),

15.00%

,

06/19/26

(e)(i)(o)

........

GBP

47

68,379

AA

Bond

Co.

Ltd.,

6.50%

,

01/31/26

(c)

.

89

118,995

Ardonagh

Finco

Ltd.,

6.88%

,

02/15/31

(a)

EUR

114

128,644

BCP

V

Modular

Services

Finance

II

plc,

6.13%

,

11/30/28

(c)

...........

GBP

100

127,022

BCP

V

Modular

Services

Finance

plc,

6.75%

,

11/30/29

(a)

...........

EUR

128

125,385

Boparan

Finance

plc,

7.63%

,

11/30/25

(c)

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

GBP

100

131,523

BP

Capital

Markets

plc,

2.52%

,

04/07/28

(c)

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

EUR

100

109,980

Centrica

plc

,

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

2.51%),

6.50%

,

05/21/55

(b)(c)

....

GBP

100

137,071

CPUK

Finance

Ltd.,

7.88%

,

08/28/29

(c)

100

136,920

Deuce

Finco

plc,

5.50%

,

06/15/27

(c)

.

100

131,205

Mobico

Group

plc,

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

4.14%),

4.25%

(b)(c)(p)

..

100

121,382

Motion

Finco

SARL,

7.38%

,

06/15/30

(c)

EUR

100

112,634

National

Grid

plc,

0.16%

,

01/20/28

(c)

.

100

101,436

Pinewood

Finco

plc,

6.00%

,

03/27/30

(a)

GBP

100

134,068

Punch

Finance

plc,

6.13%

,

06/30/26

(c)

100

132,358

Virgin

Media

Secured

Finance

plc,

4.13%

,

08/15/30

(c)

...........

100

115,646

Virgin

Media

Vendor

Financing

Notes

III

DAC,

4.88%

,

07/15/28

(c)

.......

100

123,514

Vodafone

Group

plc

(b)

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.77%),

4.13%,

06/04/81

....

USD

4

3,626

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

3.84%),

8.00%,

08/30/86

(c)

.........

GBP

100

146,734

2,206,522

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

9

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

—

4.8%

Affinity

Interactive,

6.88%

,

12/15/27

(a)

USD

13

$

11,176

Allegiant

Travel

Co.,

7.25%

,

08/15/27

(a)

18

17,847

Allied

Universal

Holdco

LLC

9.75%,

07/15/27

(a)

...........

13

13,028

4.88%,

06/01/28

(c)

...........

GBP

100

123,061

AMC

Networks,

Inc.

10.25%,

01/15/29

(a)

..........

USD

23

23,636

4.25%,

02/15/29

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

33

23,867

Amentum

Escrow

Corp.,

7.25%

,

08/01/32

(a)

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

8

8,349

American

Tower

Corp.,

0.45%

,

01/15/27

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

EUR

100

105,245

Amgen,

Inc.

5.25%,

03/02/25

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

USD

43

43,061

5.51%,

03/02/26

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

72

72,025

Amkor

Technology,

Inc.,

6.63%

,

09/15/27

(a)

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

15

15,104

Ardagh

Metal

Packaging

Finance

USA

LLC,

2.00%

,

09/01/28

(c)

.......

EUR

100

101,096

Ares

Capital

Corp.

3.88%,

01/15/26

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

USD

14

13,796

2.15%,

07/15/26

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

2

1,901

AT&T,

Inc.,

3.55%

,

09/15/55

......

38

27,795

Bank

of

America

Corp.,

(3-mo.

CME

Term

SOFR

+

1.07%),

3.37%

,

01/23/26

(b)

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

44

43,754

Bausch

+

Lomb

Corp.,

8.38%

,

10/01/28

(a)

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

5

5,287

Becton

Dickinson

Euro

Finance

SARL,

3.55%

,

09/13/29

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

EUR

100

113,781

Berry

Global,

Inc.,

1.57%

,

01/15/26

..

USD

52

50,038

Big

River

Steel

LLC,

6.63%

,

01/31/29

(a)

22

22,288

Breeze

Aviation

Group,

Inc.

(Acquired

07/30/21,

cost

$

86,157)

20.00%,

01/30/28

(e)(i)

.......

86

90,896

California

Resources

Corp.,

8.25%

,

06/15/29

(a)

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

19

19,362

Calumet

Specialty

Products

Partners

LP,

9.75%

,

07/15/28

(a)

.........

40

39,314

Citigroup,

Inc.

,

(1-day

SOFR

+

0.53%),

1.28%

,

11/03/25

(b)

...........

48

47,814

Civitas

Resources,

Inc.,

8.38%

,

07/01/28

(a)

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

22

22,868

Cloud

Software

Group,

Inc.

(a)

6.50%,

03/31/29

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

30

29,849

9.00%,

09/30/29

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

17

17,299

Clydesdale

Acquisition

Holdings,

Inc.,

8.75%

,

04/15/30

(a)

...........

20

20,309

Coca-Cola

Co.

(The),

5.20%

,

01/14/55

100

104,920

CommScope

Technologies

LLC,

6.00%

,

06/15/25

(a)

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

19

18,383

Coty,

Inc.,

3.88%

,

04/15/26

(c)

......

EUR

100

111,181

CSC

Holdings

LLC,

11.25%

,

05/15/28

(a)

USD

200

193,063

DISH

DBS

Corp.,

5.88%

,

11/15/24

..

49

48,716

DISH

Network

Corp.

(o)

0.00%,

12/15/25

(q)

...........

35

30,277

3.38%,

08/15/26

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

14

11,233

Edison

International,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.66%),

7.88%

,

06/15/54

(b)

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

5

5,252

Eli

Lilly

&

Co.,

5.05%

,

08/14/54

....

20

20,493

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

EQM

Midstream

Partners

LP

(a)

7.50%,

06/01/27

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

USD

5

$

5,146

7.50%,

06/01/30

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

10

10,983

Exo

Imaging,

Inc.,

Series

C,

(Acquired

08/14/24,

cost

$3,025),

8.00%

,

08/14/25

(e)(i)

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

3

12,116

FLYR,

Inc.,

7.74%

,

01/20/27

(e)

.....

51

49,108

Fortrea

Holdings,

Inc.,

7.50%

,

07/01/30

(a)

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

5

5,033

Freed

Hotels

&

Resorts,

12.00%

,

11/21/28

(b)(e)

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

443

449,788

FreeWire

Technologies,

Inc.,

6.00%

,

02/20/28

(e)

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

75

—

Frontier

Communications

Holdings

LLC

(a)

6.75%,

05/01/29

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

25

25,176

8.75%,

05/15/30

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

57

60,743

8.63%,

03/15/31

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

50

53,905

Frontier

Florida

LLC,

Series

E,

6.86%

,

02/01/28

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

61

63,214

Frontier

North,

Inc.,

Series

G,

6.73%

,

02/15/28

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

40

41,205

GCI

LLC,

4.75%

,

10/15/28

(a)

......

12

11,524

General

Mills,

Inc.,

0.13%

,

11/15/25

.

EUR

100

107,742

Gilead

Sciences,

Inc.,

5.55%

,

10/15/53

USD

35

37,570

Goldman

Sachs

Group,

Inc.

(The),

0.25%

,

01/26/28

(c)

...........

EUR

32

32,799

GoTo

Group,

Inc.

5.50%,

05/01/28

(a)

...........

USD

35

17,830

HCA,

Inc.

5.25%,

06/15/26

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

23

23,169

5.95%,

09/15/54

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

57

59,879

Helios

Software

Holdings,

Inc.,

7.88%

,

05/01/29

(a)

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

EUR

100

113,244

Home

Depot,

Inc.

(The),

2.38%

,

03/15/51

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

USD

61

38,291

Homes

By

West

Bay

LLC,

11.00%

,

02/06/30

(e)

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

317

324,133

Hyatt

Hotels

Corp.,

5.38%

,

04/23/25

(d)

23

23,037

Landsea

Homes

Corp.,

11.00%

,

07/17/28

(e)

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

325

355,062

Lessen,

Inc.

,

(3-mo.

CME

Term

SOFR

+

8.50%),

13.40%

,

01/05/28

(a)(b)(e)

.

163

151,987

Level

3

Financing,

Inc.

(a)

4.63%,

09/15/27

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

18

15,854

10.00%,

10/15/32

...........

84

80,498

Lightning

eMotors

,

Inc.,

7.50%

,

05/15/25

(a)(g)(m)(o)

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

27

270

Lions

Gate

Capital

Holdings

1,

Inc.,

5.50%

,

04/15/29

(a)

...........

147

131,964

Lowe's

Cos.,

Inc.,

5.63%

,

04/15/53

..

36

37,471

Mauser

Packaging

Solutions

Holding

Co.,

7.88%

,

04/15/27

(a)

........

118

121,915

Medline

Borrower

LP,

5.25%

,

10/01/29

(a)

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

100

98,118

Meta

Platforms,

Inc.,

5.40%

,

08/15/54

65

68,098

MicroStrategy,

Inc.,

0.63%

,

09/15/28

(a)(o)

36

43,290

Morgan

Stanley

(b)

Series

I,

(1-day

SOFR

+

0.75%),

0.86%,

10/21/25

..........

10

9,974

(1-day

SOFR

+

0.56%),

1.16%,

10/21/25

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

19

18,961

(3-mo.

EURIBOR

+

0.83%),

1.34%,

10/23/26

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

EUR

100

109,279

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

10

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

NCR

Atleos

Corp.,

9.50%

,

04/01/29

(a)

USD

30

$

33,026

Netflix,

Inc.,

3.63%

,

05/15/27

......

EUR

100

113,565

New

Generation

Co.,

10.34%

,

09/30/29

(a)

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

USD

42

40,997

NRG

Energy,

Inc.,

7.00%

,

03/15/33

(a)

5

5,554

Olympus

Water

US

Holding

Corp.,

9.75%

,

11/15/28

(a)

...........

200

213,452

ONEOK

Partners

LP,

4.90%

,

03/15/25

79

78,927

Oracle

Corp.,

5.55%

,

02/06/53

.....

65

66,518

Paramount

Global

7.88%,

07/30/30

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

45

49,149

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

4.00%),

6.38%,

03/30/62

(b)

...

44

40,699

PECO

Energy

Co.,

5.25%

,

09/15/54

.

10

10,335

Permian

Resources

Operating

LLC,

8.00%

,

04/15/27

(a)

...........

16

16,474

Pitney

Bowes,

Inc.,

6.88%

,

03/15/27

(a)

64

63,610

Prime

Security

Services

Borrower

LLC,

6.25%

,

01/15/28

(a)

...........

100

100,027

Rand

Parent

LLC,

8.50%

,

02/15/30

(a)

42

42,833

RingCentral,

Inc.,

8.50%

,

08/15/30

(a)

.

65

69,540

Sabre

GLBL,

Inc.

(a)

8.63%,

06/01/27

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

68

66,886

11.25%,

12/15/27

...........

56

58,109

Seagate

HDD

Cayman

8.25%,

12/15/29

(a)

...........

56

60,791

8.50%,

07/15/31

(a)

...........

29

31,648

9.63%,

12/01/32

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

45

52,251

Service

Properties

Trust

8.38%,

06/15/29

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

84

83,906

8.88%,

06/15/32

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

92

87,880

Solventum

Corp.,

5.40%

,

03/01/29

(a)

.

37

38,066

Sonder

Corp.,

10.00%

,

12/31/24

(e)

..

23

22,933

Sonder

Holdings,

Inc.

,

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

9.00%),

14.35%

,

12/10/27

(b)(e)

...

173

162,189

Spirit

AeroSystems,

Inc.

(a)

9.38%,

11/30/29

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

45

48,818

9.75%,

11/15/30

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

114

127,110

Stem,

Inc.,

0.50%

,

12/01/28

(a)(o)

....

6

1,665

STL

Holding

Co.

LLC,

8.75%

,

02/15/29

(a)

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

9

9,574

Talen

Energy

Supply

LLC,

8.63%

,

06/01/30

(a)

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

25

27,246

Tenet

Healthcare

Corp.,

6.13%

,

10/01/28

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

100

100,799

Tenneco,

Inc.,

8.00%

,

11/17/28

(a)

...

43

39,901

Texas

Capital

Bancshares,

Inc.,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.15%),

4.00%

,

05/06/31

(b)

...........

50

47,472

Transocean,

Inc.,

8.25%

,

05/15/29

(a)

.

25

24,783

UnitedHealth

Group,

Inc.,

5.63%

,

07/15/54

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

36

38,621

Uniti

Group

LP,

10.50%

,

02/15/28

(a)

..

66

70,449

Univision

Communications,

Inc.

(a)

8.00%,

08/15/28

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

10

10,225

8.50%,

07/31/31

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

10

10,022

USA

Compression

Partners

LP,

7.13%

,

03/15/29

(a)

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

100

102,995

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Venture

Global

LNG,

Inc.,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

5.44%),

9.00%

(a)

(b)(p)

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

USD

38

$

38,518

Veritas

US,

Inc.,

7.50%

,

09/01/25

(a)

..

14

13,134

VF

Corp.,

2.40%

,

04/23/25

.......

8

7,866

VICI

Properties

LP

(a)

4.63%,

06/15/25

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

10

9,939

4.50%,

09/01/26

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

8

7,963

Viking

Cruises

Ltd.,

7.00%

,

02/15/29

(a)

100

101,264

Vistra

Operations

Co.

LLC

(a)

5.63%,

02/15/27

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

79

78,880

7.75%,

10/15/31

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

40

43,064

Wayfair

LLC,

7.25%

,

10/31/29

(a)

....

7

7,171

Wells

Fargo

&

Co.,

1.50%

,

05/24/27

(c)

EUR

100

107,064

Wildfire

Intermediate

Holdings

LLC,

7.50%

,

10/15/29

(a)

...........

USD

15

14,761

Zayo

Group

Holdings,

Inc.,

4.00%

,

03/01/27

(a)

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

43

38,461

7,212,870

Total

Corporate

Bonds

—

10.8%

(Cost:

$17,130,427)

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

16,305,076

Fixed

Rate

Loan

Interests

United

States

—

0.0%

OD

Intermediate

Subi

HoldCo

II

LLC,

1st

Lien

Term

Loan,

10.00%

,

 04/01/26

(e)

..........

62

61,121

Total

Fixed

Rate

Loan

Interests

—

0.0%

(Cost:

$62,174)

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

61,121

Floating

Rate

Loan

Interests

France

—

0.2%

(b)

Groupe

Babilou

,

Facility

1st

Lien

Term

Loan

B4,

(6-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

4.00%

-

7.67%

,

 11/18/30

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

EUR

214

235,808

Parts

Europe

SA,

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

7.19%

,

 02/03/31

.....

112

125,337

361,145

Germany

—

0.0%

TK

Elevator

Midco

GmbH,

Facility

1st

Lien

Term

Loan

B2,

(6-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

7.59%

,

 04/30/30

(b)

...........

54

60,040

Jersey,

Channel

Islands

—

0.1%

Vita

Global

FinCo

Ltd.,

1st

Lien

Term

Loan

B

(b)(e)

(Sterling

Overnight

Index

Average

at

1.19%

Floor

+

7.00%),

8.19%, 07/06/27

..........

GBP

37

46,416

(6-mo.

EURIBOR

at

0.00%

Floor

+

7.00%),

10.74%, 07/06/27

....

EUR

61

64,410

110,826

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

11

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Netherlands

—

0.5%

(b)

Bock

Capital

Bidco

BV,

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

6.85%

-

7.22%

,

 06/29/28

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

EUR

48

$

53,328

Cypher

Bidco

BV,

1st

Lien

Term

Loan

B,

(6-mo.

EURIBOR

at

0.00%

Floor

+

4.50%),

8.34%

,

 12/30/28

(e)

....

154

165,155

Upfield

BV,

1st

Lien

Term

Loan

B11,

(Sterling

Overnight

Index

Average

at

0.00%

Floor

+

5.25%),

10.51%

,

 01/03/28

...........

GBP

109

144,930

Ziggo

BV,

Facility

1st

Lien

Term

Loan

H,

(1-mo.

EURIBOR

at

0.00%

Floor

+

3.00%),

6.44%

,

 01/31/29

.....

EUR

311

339,958

703,371

Spain

—

0.1%

(b)

Lorca

Finco

plc,

Facility

1st

Lien

Term

Loan

B3,

(6-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

7.20%

,

 03/25/31

.

94

104,628

PAX

HoldCo

Spain

SL,

Facility

1st

Lien

Term

Loan

B2,

(6-mo.

EURIBOR

at

0.00%

Floor

+

5.00%),

8.74%

,

 12/31/29

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

87

96,577

201,205

United

Kingdom

—

0.2%

(b)

Bellis

Acquisition

Co.

plc,

Facility

1st

Lien

Term

Loan

B,

(6-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

7.80%

,

 05/09/31

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

88

95,857

CD&R

Firefly

Bidco

Ltd.,

Facility

1st

Lien

Term

Loan

B6,

(Sterling

Overnight

Index

Average

at

0.00%

Floor

+

5.75%),

5.75%

,

 06/21/28

.

GBP

34

45,624

Entain

Holdings

(Gibraltar)

Ltd.,

Facility

1st

Lien

Term

Loan

B4,

(6-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

6.92%

,

 06/30/28

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

EUR

51

57,191

Ineos

Quattro

Holdings

Ltd.,

Facility

1st

Lien

Term

Loan

B,

(1-mo.

EURIBOR

at

0.00%

Floor

+

4.50%),

7.88%

-

8.09%

,

 04/03/29

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

64

71,180

269,852

United

States

—

1.0%

Aimbridge

Acquisition

Co.,

Inc.,

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.75%

Floor

+

4.75%),

9.71%

-

10.11%

,

 02/02/26

(b)

.....

USD

72

70,271

Altar

Bidco

,

Inc.,

2nd

Lien

Term

Loan,

(12-mo.

CME

Term

SOFR

at

0.50%

Floor

+

5.60%),

10.40%

,

 02/01/30

(b)

120

116,036

American

Auto

Auction

Group

LLC,

1st

Lien

Term

Loan

B,

(3-mo.

CME

Term

SOFR

at

0.75%

Floor

+

5.00%),

9.75%

-

10.49%

,

 12/30/27

(b)

.....

13

12,960

Avaya,

Inc.,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

1.00%

Floor

+

7.50%),

12.35%

-

12.75%

,

 08/01/28

(b)

..........

—

(r)

302

ConnectWise

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.50%

Floor

+

3.50%),

8.37%

-

9.10%

,

 09/29/28

(b)

...........

33

32,796

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Cppib

Ovm

Member

US

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

3.25%),

7.85%

-

8.73%

,

 08/07/31

(b)

...........

USD

42

$

41,982

CSC

Holdings

LLC,

1st

Lien

Term

Loan

B5,

04/15/27

(b)(s)

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

15

13,997

Digital

Room

Holdings,

Inc.,

1st

L

ien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.50%

Floor

+

5.25%),

10.60%

,

 12/21/28

(b)

..........

27

26,344

DirecTV

Financing

LLC,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.75%

Floor

+

5.00%),

9.96%

-

10.36%

,

 08/02/27

(b)

..........

17

17,232

ECL

Entertainment

LLC,

Facility

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.00%),

8.85%

-

9.25%

,

 08/31/30

(b)

.....

91

91,581

Emerald

Technologies

US

AcquisitionCo

.,

Inc.,

1st

Lien

Term

Loan

B,

0.00%

,

 12/29/27

(b)(e)

....

31

24,915

First

Brands

Group

LLC,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

1.00%

Floor

+

5.00%),

8.64%

,

 03/30/27

(b)(e)

EUR

52

58,290

Galaxy

Universal

LLC,

1st

Lien

Term

Loan,

(6-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.25%),

11.79%

,

 11/12/26

(b)(e)

.........

USD

195

193,246

GoTo

Group,

Inc.,

1st

Lien

Term

Loan

 04/30/28

(b)(s)

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

71

38,398

Green

Plains

Operating

Co.

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

8.00%),

13.21%

,

 07/20/26

(b)(e)

.........

104

105,383

Helios

Service

Partners

LLC,

1st

Lien

Term

Loan

(b)(e)

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.25%),

11.85%, 03/19/27

.........

20

19,533

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.50%),

12.10%, 03/19/27

.........

4

3,730

Helios

Service

Partners

LLC,

Delayed

Draw

1st

Lien

Term

Loan

(b)(e)

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.25%),

11.85%, 03/19/27

.........

30

29,978

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.50%),

12.10%, 03/19/27

.........

17

16,725

Hydrofarm

Holdings

Group,

Inc.,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

1.00%

Floor

+

5.50%),

10.73%

-

10.86%

,

 10/25/28

(b)(e)

...

20

16,117

J&J

Ventures

Gaming

LLC,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.75%

Floor

+

4.00%),

8.96%

-

9.36%

,

04/26/28

(b)

...........

34

34,344

Jack

Ohio

Finance

LLC,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.75%

Floor

+

4.75%),

9.71%

-

10.11%

,

 10/04/28

(b)

..........

16

15,531

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

12

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Level

3

Financing,

Inc.,

1st

Lien

Term

Loan

B1,

(1-mo.

CME

Term

SOFR

at

2.00%

Floor

+

6.56%),

11.41%

,

 04/16/29

(b)

..........

USD

12

$

12,700

Maverick

Gaming

LLC,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

7.50%),

12.82%, 06/05/28

(b)

........

39

30,992

Naked

Juice

LLC,

2nd

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.50%

Floor

+

6.00%),

10.70%

-

11.44%

,

 01/24/30

(b)

..........

4

2,426

NGP

XI

Midstream

Holdings

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.00%),

8.60%

-

9.73%

,

 07/25/31

(b)(e)

....

21

20,974

Orion

Group

HoldCo

LLC,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.00%),

11.15%

-

11.60%, 03/19/27

(b)(e)

.......

4

3,823

Orion

Group

HoldCo

LLC,

Delayed

Draw

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.00%),

11.60%, 03/19/27

(b)(e)

.......

43

43,638

Quartz

AcquireCo

LLC,

1st

Lien

Term

Loan

B1,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.75%),

7.35%

-

8.09%

,

 06/28/30

(b)

...........

32

31,621

Redstone

HoldCo

2

LP,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.75%

Floor

+

4.75%),

10.26%

,

 04/27/28

(b)

..........

60

45,284

Redstone

HoldCo

2

LP,

2nd

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.75%

Floor

+

7.75%),

13.26%

,

 04/27/29

(b)

..........

50

36,250

SCIH

Salt

Holdings,

Inc.,

1st

Lien

Term

Loan

B1,

(3-mo.

CME

Term

SOFR

at

0.75%

Floor

+

3.50%),

8.76%

,

 03/16/27

(b)

...........

45

45,117

Solaris

Energy

Infrastructure

LLC,

1st

Lien

Term

Loan,

(12-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.00%),

10.20%

,

 09/11/29

(b)

..........

162

158,760

Vaco

Holding

LLC,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.75%

Floor

+

5.00%),

9.95%

-

10.49%

,

 01/22/29

(b)

..........

32

31,431

Verifone

Systems,

Inc.,

1st

Lien

Term

Loan,

08/20/25

(b)(s)

...........

45

41,077

Veritas

US,

Inc.,

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

1.00%

Floor

+

5.00%

),

9.96%

-

10.36%

,

 09/02/25

(b)

..........

10

9,310

Waystar

Technologies,

Inc.,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.75%),

7.60%

-

8.24%

,

 10/22/29

(b)

...........

2

1,807

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Xerox

Corp.,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.50%

Floor

+

4.00%),

8.60%

-

9.25%

,

 11/19/29

(b)

...........

USD

16

$

16,277

1,511,178

Total

Floating

Rate

Loan

Interests

—

2.1%

(Cost:

$3,268,398)

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

3,217,617

Foreign

Agency

Obligations

France

—

0.1%

Electricite

de

France

SA

,

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

3.78%),

7.38%

(b)(c)(p)

..

GBP

100

136,571

Total

Foreign

Agency

Obligations

—

0.1%

(Cost:

$130,855)

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

136,571

Foreign

Government

Obligations

Brazil

—

0.3%

Federative

Republic

of

Brazil

10.00%,

01/01/25

...........

BRL

1

93,157

10.00%,

01/01/27

...........

2

288,382

381,539

Colombia

—

0.3%

Republic

of

Colombia

5.75%,

11/03/27

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

COP

636,200

139,239

6.00%,

04/28/28

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

1,302,000

281,203

420,442

Czech

Republic

—

0.2%

Czech

Republic

5.00%,

09/30/30

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

CZK

2,670

127,538

4.50%,

11/11/32

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

2,240

104,825

232,363

Hungary

—

0.0%

Hungary

Government

Bond,

7.00%

,

10/24/35

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

HUF

15,590

46,392

Indonesia

—

0.3%

Republic

of

Indonesia

7.00%,

05/15/27

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

IDR

1,477,000

99,374

8.25%,

05/15/36

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

1,349,000

100,819

7.13%,

06/15/38

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

3,274,000

224,822

425,015

Ireland

—

0.1%

Republic

of

Ireland,

2.60%

,

10/18/34

(c)

EUR

158

177,687

Mexico

—

0.3%

Mex

Bonos

Desarr

Fix

Rt,

8.50%

,

03/01/29

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

MXN

1

2,649

United

Mexican

States

7.00%,

09/03/26

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

34

165,968

8.50%,

03/01/29

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

5

25,267

7.50%,

05/26/33

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

42

191,367

7.75%,

11/23/34

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

8

36,036

421,287

Peru

—

0.1%

Republic

of

Peru

(a)

6.95%,

08/12/31

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

PEN

621

179,026

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

13

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Peru

(continued)

7.60%,

08/12/39

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

PEN

146

$

42,971

221,997

Poland

—

0.3%

Republic

of

Poland

5.75%,

04/25/29

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

PLN

745

199,634

4.75%,

07/25/29

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

219

56,169

5.00%,

10/25/34

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

240

61,108

2.05%,

08/25/36

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

308

72,152

389,063

South

Africa

—

0.3%

Republic

of

South

Africa

8.00%,

01/31/30

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

ZAR

4,371

244,054

7.00%,

02/28/31

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

1,957

101,379

9.00%,

01/31/40

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

1,544

78,137

8.75%,

01/31/44

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

2,126

102,919

526,489

Spain

—

0.6%

Bonos

y

Obligaciones

del

Estado

(a)(c)

3.45%,

10/31/34

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

EUR

440

511,676

2.90%,

10/31/46

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

173

174,785

3.45%,

07/30/66

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

140

146,955

833,416

Thailand

—

0.1%

Kingdom

of

Thailand,

2.40%

,

03/17/29

THB

5,830

182,143

Turkey

—

0.1%

Republic

of

Turkiye

(The)

37.00%,

02/18/26

...........

TRY

2,703

78,250

31.08%,

11/08/28

...........

783

23,475

26.20%,

10/05/33

...........

2,340

67,331

169,056

United

Kingdom

—

0.3%

U.K.

Treasury

Bonds

(c)

3.75%,

10/22/53

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

GBP

146

169,063

0.50%,

10/22/61

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

804

327,901

496,964

Uruguay

—

0.0%

Oriental

Republic

of

Uruguay,

9.75%

,

07/20/33

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

UYU

452

10,805

Total

Foreign

Government

Obligations

—

3.3%

(Cost:

$5,007,511)

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

4,934,658

Shares

Shares

Investment

Companies

Invesco

KBW

Bank

ETF

(h)

........

520

30,477

Invesco

Quality

Municipal

Income

Trust

129

1,347

Invesco

S&P

500

Equal

Weight

ETF

.

1,132

202,809

Invesco

Senior

Loan

ETF

........

10,731

225,458

Invesco

Value

Municipal

Income

Trust

73

940

iShares

0-5

Year

TIPS

Bond

ETF

(f)

..

1,425

144,381

iShares

Biotechnology

ETF

(f)(h)

.....

1,000

145,600

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

(f)(h)

.......

14,270

537,266

iShares

Core

S&P

Small-Cap

ETF

(f)(h)

637

74,503

iShares

J.P.

Morgan

USD

Emerging

Markets

Bond

ETF

(f)(h)(j)

........

13,068

1,222,903

iShares

Latin

America

40

ETF

(f)(h)

...

1,769

45,835

iShares

MSCI

Brazil

ETF

(f)(h)

.......

1,992

58,744

Security

Shares

Shares

Value

iShares

MSCI

Emerging

Markets

ETF

(f)

(h)

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

429

$

19,674

iShares

Russell

Mid-Cap

Growth

ETF

(f)

(h)

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

188

22,050

SPDR

Blackstone

Senior

Loan

ETF

.

8,948

373,669

SPDR

Gold

Shares

(g)(k)

..........

2,651

644,352

SPDR

S&P

Homebuilders

ETF

.....

635

79,096

VanEck

JPMorgan

EM

Local

Currency

Bond

ETF

(h)

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

8,227

208,966

VanEck

Semiconductor

ETF

(h)

.....

1,642

403,029

Total

Investment

Companies

—

2.9%

(Cost:

$4,167,286)

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

4,441,099

Par

(000)

Pa

r

(

000)

Non-Agency

Mortgage-Backed

Securities

Collateralized

Mortgage

Obligations

—

0.3%

United

States

—

0.3%

(a)(b)

Federal

Home

Loan

Mortgage

Corp.

STACR

Trust

Variable

Rate

Notes,

Series

2022-DNA1,

Class

B1,

(SOFR

30

day

Average

at

0.00%

Floor

+

3.40%),

8.68%,

01/25/42

.

USD

17

17,547

J.P.

Morgan

Mortgage

Trust

Series

2021-INV5,

Class

A2A,

2.50%,

12/25/51

..........

120

101,083

Series

2021-INV7,

Class

A3A,

2.50%,

02/25/52

..........

175

157,083

Series

2021-INV7,

Class

A4A,

2.50%,

02/25/52

..........

78

54,492

Ready

Capital

Mortgage

Financing

LLC,

Series

2022-FL10,

Class

A,

(1-mo.

CME

Term

SOFR

at

2.55%

Floor

+

2.55%),

7.41%,

10/25/39

.

77

77,462

407,667

Commercial

Mortgage-Backed

Securities

—

1.6%

Bermuda

—

0.1%

RIAL

Issuer

Ltd.,

Series

2022-FL8,

Class

A,

(1-mo.

CME

Term

SOFR

at

2.25%

Floor

+

2.25%),

7.35%,

01/19/37

(a)(b)

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

100

99,938

Cayman

Islands

—

0.0%

MF1

Multifamily

Housing

Mortgage

Loan

Trust,

Series

2021-W10,

Class

F,

(1-mo.

CME

Term

SOFR

at

3.37%

Floor

+

3.37%),

8.47%,

12/15/34

(a)(b)

100

95,459

United

States

—

1.5%

BMP,

Series

2024-MF23,

Class

E,

(1-mo.

CME

Term

SOFR

at

3.39%

Floor

+

3.39%),

8.49%,

06/15/41

(a)(b)

20

19,700

BSST

Mortgage

Trust

(a)(b)

Series

2021-SSCP,

Class

A,

(1-mo.

CME

Term

SOFR

at

0.75%

Floor

+

0.86%),

5.96%,

04/15/36

...

14

14,327

Series

2021-SSCP,

Class

B,

(1-mo.

CME

Term

SOFR

at

1.10%

Floor

+

1.21%),

6.31%,

04/15/36

...

26

25,546

Series

2021-SSCP,

Class

C,

(1-mo.

CME

Term

SOFR

at

1.35%

Floor

+

1.46%),

6.56%,

04/15/36

...

36

35,008

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

14

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2021-SSCP,

Class

D,

(1-mo.

CME

Term

SOFR

at

1.60%

Floor

+

1.71%),

6.81%,

04/15/36

...

USD

32

$

31,048

Series

2021-SSCP,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.10%

Floor

+

2.21%),

7.31%,

04/15/36

...

36

34,467

Series

2021-SSCP,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.90%

Floor

+

3.01%),

8.11%,

04/15/36

...

23

22,387

Series

2021-SSCP,

Class

G,

(1-mo.

CME

Term

SOFR

at

3.80%

Floor

+

3.91%),

9.01%,

04/15/36

...

38

35,986

Series

2021-SSCP,

Class

H,

(1-mo.

CME

Term

SOFR

at

4.90%

Floor

+

5.02%),

10.11%,

04/15/36

..

17

16,581

BX

Commercial

Mortgage

Trust

(a)(b)

Series

2021-SOAR,

Class

G,

(1-mo.

CME

Term

SOFR

at

2.80%

Floor

+

2.91%),

8.01%,

06/15/38

...

94

92,188

Series

2021-VINO,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.92%

Floor

+

2.92%),

8.01%,

05/15/38

...

72

71,194

Series

2021-XL2,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.24%

Floor

+

2.36%),

7.46%,

10/15/38

...

85

84,386

Series

2024-XL5,

Class

A,

(1-mo.

CME

Te

rm

SOFR

at

1.39%

Floor

+

1.39%),

6.49%,

03/15/41

...

92

92,462

BX

Trust

(a)(b)

Series

2019-OC11,

Class

D,

4.08%,

12/09/41

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

64

58,916

Series

2019-OC11,

Class

E,

4.08%,

12/09/41

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

89

79,733

Series

2021-MFM1,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.25%

Floor

+

2.36%),

7.46%,

01/15/34

...

14

13,772

Series

2021-MFM1,

Class

F,

(1-mo.

CME

Term

SOFR

at

3.00%

Floor

+

3.11%),

8.21%,

01/15/34

...

28

27,489

Series

2024-CNYN,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.44%

Floor

+

1.44%),

6.54%,

04/15/41

...

99

98,815

Series

2024-VLT4,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.89%

Floor

+

2.89%),

7.99%,

07/15/29

...

22

21,945

Series

2024-VLT4,

Class

F,

(1-mo.

CME

Term

SOFR

at

3.94%

Floor

+

3.94%),

9.03%,

07/15/29

...

55

54,450

CD

Mortgage

Trust,

Series

2017-CD6,

Class

B,

3.91%,

11/13/50

(b)

.....

10

9,328

Commercial

Mortgage

Trust,

Series

2024-WCL1,

Class

E,

(1-mo.

CME

Term

SOFR

at

4.49%

Floor

+

4.49%),

9.57%,

06/15/41

(a)(b)

....

30

29,852

CONE

Trust,

Series

2024-DFW1,

Class

E,

(1-mo.

CME

Term

SOFR

at

3.89%

Floor

+

3.89%),

8.98%,

08/15/41

(a)(b)

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

30

29,950

DBGS

Mortgage

Trust,

Series

2018-

BIOD,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.00%

Floor

+

2.30%),

7.39%,

05/15/35

(a)(b)

..........

75

73,757

ELM

Trust,

Series

2024-ELM,

Class

E10,

8.05%,

06/10/39

(a)(b)

......

45

45,914

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Extended

Stay

America

Trust

(a)(b)

Series

2021-ESH,

Class

D,

(1-mo.

CME

Term

SOFR

at

2.25%

Floor

+

2.36%),

7.46%,

07/15/38

...

USD

182

$

182,122

Series

2021-ESH,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.85%

Floor

+

2.96%),

8.06%,

07/15/38

...

91

90,886

GS

Mortgage

Securities

Corp.

Trust,

Series

2021-DM,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.94%

Floor

+

3.05%),

8.15%,

11/15/36

(a)(b)

....

100

97,427

GS

Mortgage

Securities

Trust,

Series

2020-GC47,

Class

AS,

2.73%,

05/12/53

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

36

31,219

HILT

Commercial

Mortgage

Trust,

Series

2024-ORL,

Class

D,

(1-mo.

CME

Term

SOFR

at

3.19%

Floor

+

3.19%),

8.29%,

05/15/37

(a)(b)

....

100

98,625

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust

(a)(b)

Series

2021-MHC,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.45%

Floor

+

2.81%),

7.91%,

04/15/38

...

60

59,700

Series

2021-MHC,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.95%

Floor

+

3.31%),

8.41%,

04/15/38

...

20

19,813

Series

2022-NXSS,

Class

A,

(1-mo.

CME

Te

rm

SOFR

at

2.18%

Floor

+

2.18%),

7.28%,

09/15/39

...

14

14,000

JW

Commercial

Mortgage

Trust,

Series

2024-MRCO,

Class

D,

(1-mo.

CME

Term

SOFR

at

3.19%

Floor

+

3.19%),

8.27%,

06/15/39

(a)(b)

....

20

20,007

LBA

Trust,

Series

2024-BOLT,

Class

F,

(1-mo.

CME

Term

SOFR

at

4.44%

Floor

+

4.44%),

9.53%,

06/15/26

(a)(b)

10

9,972

MCR

Mortgage

Trust,

Series

2024-

TWA,

Class

E,

8.73%,

06/12/39

(a)

.

23

23,446

MHC

Commercial

Mortgage

Trust,

Series

2021-MHC,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.10%

Floor

+

2.22%),

7.31%,

04/15/38

(a)(b)

....

131

130,118

Morgan

Stanley

Capital

I

Trust,

Series

2018-MP,

Class

A,

4.42%,

07/11/40

(a)(b)

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

17

15,517

SREIT

Trust

(a)(b)

Series

2021-MFP,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.63%

Floor

+

2.74%),

7.84%,

11/15/38

...

96

95,032

Series

2021-MFP2,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.62%

Floor

+

2.73%),

7.83%,

11/15/36

...

100

99,125

STWD

Trust,

Series

2021-FLWR,

Class

E,

(1-mo.

CME

Term

SOFR

at

1.92%

Floor

+

2.04%),

7.14%,

07/15/36

(a)(b)

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

25

24,750

UBS

Commercial

Mortgage

Trust,

Series

2019-C17,

Class

A4,

2.92%,

10/15/52

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

10

9,158

Wells

Fargo

Commercial

Mortgage

Trust

(b)

Series

2015-C28,

Class

AS,

3.87%,

05/15/48

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

30

29,599

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

15

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2024-1CHI,

Class

A,

5.48%,

07/15/35

(a)

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

USD

100

$

100,713

2,270,430

Total

Non-Agency

Mortgage-Backed

Securities

—

1.9%

(Cost:

$2,974,390)

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

2,873,494

Beneficial

Interest

(000)

Beneficial

Interest

(000)

Other

Interests

Capital

Markets

-

0.1%

Sprott

Private

Resource

Streaming

&

Royalty

LP

(e)(g)(t)

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

166

135,412

Total

Other

Interests

—

0.1%

(Cost:

$167,154)

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

135,412

Par

(000)

Pa

r

(

000)

Preferred

Securities

Capital

Trusts

—

0.0%

United

States

—

0.0%

(b)(p)

Citigroup,

Inc.,

Series

Y

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.00%),

4.15%

6

5,761

USB

Capital

IX

,

(3-mo.

CME

Term

SOFR

at

3.50%

Floor

+

1.28%),

6.58%

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

31

26,045

31,806

Total

Capital

Trusts

—

0.0%  

(Cost:

$33,877)

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

31,806

Shares

Shares

Preferred

Stocks

—

2.0%

Brazil

—

0.1%

Cia

Energetica

de

Minas

Gerais

(Preference)

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

25,048

52,646

Gerdau

SA

(Preference)

.........

3,680

12,929

Neon

Payments

Ltd.

(e)(g)

.........

319

130,139

Petroleo

Brasileiro

SA

(Preference)

..

6,351

42,063

237,777

China

—

0.3%

ByteDance

Ltd.,

Series

E-1,

(Acquired

11/11/20,

cost

$269,333)

(e)(g)(i)

....

2,458

417,958

Germany

—

0.0%

Henkel

AG

&

Co.

KGaA

(Preference)

510

47,940

Volocopter

GmbH,

(Acquired

03/03/21,

cost

$159,572)

(e)(g)(i)

..........

30

815

48,755

India

—

0.0%

Think

&

Learn

Pvt

Ltd.,

Series

F,

(Acquired

12/11/20,

cost

$103,322)

(e)

(g)(i)

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

32

—

Security

Shares

Shares

Value

Israel

—

0.1%

(e)(g)(i)

Deep

Instinct

Ltd.,

Series

D-2,

(Acquired

03/19/21,

cost

$89,710)

14,760

$

65,977

Deep

Instinct

Ltd.,

Series

D-4,

(Acquired

09/20/22,

cost

$84,498)

11,985

61,603

127,580

Sweden

—

0.0%

Volta

Greentech

AB,

Series

C,

(Acquired

02/22/22,

cost

$26,894)

(e)

(g)(i)

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

228

—

United

Kingdom

—

0.1%

10x

Future

Technologies

Services

Ltd.,

Series

D,

(Acquired

12/19/23,

cost

$183,387)

(e)(g)(i)

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

4,842

101,505

United

States

—

1.4%

Breeze

Aviation

Group,

Inc.,

Series

B,

(Acquired

07/30/21,

cost

$75,615)

(e)

(g)(i)

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

140

25,154

Caresyntax

,

Inc.,

Series

C-2

(e)(g)

....

567

55,697

Caresyntax

,

Inc.,

Series

C-3

(e)(g)

....

73

6,099

Coreweave

,

Inc.,

10.00%

(e)(g)

......

83,000

102,090

Databricks,

Inc.,

Series

F,

(Acquired

02/01/21,

cost

$88,431)

(e)(g)(i)

....

6,177

502,252

Databricks,

Inc.,

Series

G,

(Acquired

10/22/19,

cost

$102,873)

(e)(g)(i)

...

1,740

141,479

Davidson

Homes,

Inc.

(e)(g)

........

139

130,162

Dream

Finders

Homes,

Inc.

(Preference),

9.00%

(e)

.........

285

280,013

Exo

Imaging,

Inc.,

Series

C,

(Acquired

06/24/21,

cost

$62,470)

(e)(g)(i)

....

10,664

21,008

GM

Cruise

Holdings

LLC,

Series

G,

Class

G

,

(Acquired

03/25/21,

cost

$76,178)

(e)(g)(i)

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

2,891

22,290

Insightful

Corp.,

Series

D

(e)(g)

......

51,259

16,618

JumpCloud

,

Inc.,

Series

E-1,

(Acquired

10/30/20,

cost

$93,611)

(e)(g)(i)

....

51,330

103,687

JumpCloud

,

Inc.,

Series

F

,

(Acquired

09/03/21,

cost

$20,218)

(e)(g)(i)

....

3,376

6,819

Lessen

Holdings,

Inc.,

Series

B

(e)(g)

..

8,296

36,005

Loadsmart

,

Inc.,

Series

C,

(Acquired

10/05/20,

cost

$85,987)

(e)(g)(i)

....

10,057

69,393

Loadsmart

,

Inc.,

Series

D

,

(Acquired

01/27/22,

cost

$19,100)

(e)(g)(i)

....

955

9,932

Lookout,

Inc.,

Series

F,

(Acquired

09/19/14,

cost

$243,061)

(e)(g)(i)

...

21,278

39,790

MNTN

Digital,

Series

D,

(Acquired

11/05/21,

cost

$54,841)

(e)(g)(i)

....

2,388

35,247

Mythic

AI,

Inc.,

Ser

ies

C,

(Acquired

01/26/21,

cost

$48,256)

(e)(g)(i)

....

70

—

Noodle

Partners,

Inc.,

Series

C,

(Acquired

08/26/21,

cost

$73,361)

(e)

(g)(i)

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

8,220

19,235

PsiQuantum

Corp.,

Series

D,

(Acquired

05/21/21,

cost

$40,179)

(e)(g)(i)

....

1,532

44,964

Relativity

Space,

Inc.,

Series

E,

(Acquired

05/27/21,

cost

$68,894)

(e)

(g)(i)

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

3,017

64,292

SambaNova

Systems,

Inc.,

Series

C,

(Acquired

02/19/20,

cost

$91,575)

(e)

(g)(i)

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

1,720

75,044

SambaNova

Systems,

Inc.,

Series

D,

(Acquired

04/09/21

,

cost

$52,640)

(e)

(g)(i)

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

554

28,885

Snorkel

AI,

Inc.,

Series

C,

(Acquired

06/30/21,

cost

$28,447)

(e)(g)(i)

....

1,894

12,178

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

16

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

United

States

(continued)

Ursa

Major

Technologies,

Inc.,

Series

C,

(Acquired

09/13/21,

cost

$72,377)

(e)(g)(i)

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

12,134

$

36,645

Ursa

Major

Technolog

ies,

Inc.,

Series

D,

(Acquired

10/14/22,

cost

$9,855)

(e)(g)(i)

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

1,487

4,669

Verge

Genomics,

Series

B,

(Acquired

11/05/21,

cost

$65,876)

(e)(g)(i)

....

12,367

80,262

Verge

Genomics,

Series

C,

(Acquired

09/06/23,

cost

$10,528)

(e)(g)(i)

....

1,464

10,585

Versa

Networks,

Inc.,

Series

E,

(Acquired

10/14/22,

cost

$43,198),

12.00%

(e)(g)(i)

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

14,803

71,351

Wells

Fargo

&

Co.,

Series

L,

7.50%

(o)(p)

46

58,981

Zero

Mass

Water,

Inc.,

Series

C-1,

(Acquired

05/07/20,

cost

$70,353)

(e)

(g)(i)

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

4,463

43,380

Zero

Mass

Water,

Inc.,

Series

D,

(Acquired

07/05/22,

cost

$13,149)

(e)

(g)(i)

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

321

5,582

Zero

Mass

Water,

Inc.,

Series

D-2,

(Acquired

05/16/24,

cost

$0)

(e)(g)(i)

.

228

1,528

Zero

Mass

Water,

Inc.,

Series

D-3,

(Acquired

05/15/24,

cost

$12,125)

(e)

(g)(i)

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

333

5,148

2,166,464

Total

Preferred

Stocks

—

2.0%  

(Cost:

$3,544,358)

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

3,100,039

Trust

Preferreds

—

0.1%

United

States

—

0.1%

Citigroup

Capital

XIII

,

(3-mo.

CME

Term

SOFR

+

6.63%),

11.89%, 10/30/40

(b)

3,609

107,801

Total

Trust

Preferreds

—

0.1%  

(Cost:

$98,904)

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

107,801

Total

Preferred

Securities

—

2.1%

(Cost:

$3,677,139)

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

3,239,646

Par

(000)

Pa

r

(

000)

U.S.

Government

Sponsored

Agency

Securities

Collateralized

Mortgage

Obligations

—

0.0%

Federal

Home

Loan

Mortgage

Corp.

Structured

Agency

Credit

Risk

Debt

Variable

Rate

Notes,

Series

2021-

DNA2,

Class

B2,

(SOFR

30

day

Average

at

0.00%

Floor

+

6.00%),

11.28%, 08/25/33

(a)(b)

.........

USD

17

20,118

Commercial

Mortgage-Backed

Securities

—

0.0%

Fede

ral

National

Mortgage

Association

ACES

Variable

Rate

Notes,

Series

2018-M13,

Class

A2,

3.87%, 09/25/30

(b)

...........

13

12,482

Interest

Only

Commercial

Mortgage-Backed

Securities

—

0.1%

Federal

Home

Loan

Mortgage

Corp.

Multifamily

Structured

Pass-Through

Certificates

Variable

Rate

Notes

(b)

Series

K109,

Class

X1,

1.69%

,

 04/25/30

........

117

8,212

Security

Par

(000)

Par

(000)

Value

Interest

Only

Commercial

Mortgage-Backed

Securities

(continued)

Series

K116,

Class

X1,

1.52%

,

 07/25/30

........

USD

99

$

6,401

Series

K120,

Class

X1,

1.13%

,

10/25/30

........

391

19,279

Series

KL06,

Class

XFX,

1.47%

,

 12/25/29

........

100

4,738

Series

KW09,

Class

X1,

0.94%

,

 05/25/29

........

452

12,332

50,962

Mortgage-Backed

Securities

—

1.2%

Uniform

Mortgage-Backed

Securities,

3.50%, 10/25/54

(u)

...........

1,981

1,844,701

Total

U.S.

Government

Sponsored

Agency

Securities

—

1.3%  

(Cost:

$1,948,489)

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

1,928,263

U.S.

Treasury

Obligations

U.S.

Treasury

Inflation

Linked

Notes

,

2.13%, 04/15/29

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

694

713,602

U.S.

Treasury

Notes

4.25%, 12/31/24

(j)

(k)

..........

4,608

4,603,143

4.00%, 12/15/25

(j)

...........

1,017

1,018,629

4.63%, 09/30/28

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

546

566,785

Total

U.S.

Treasury

Obligations

—

4.6%

(Cost:

$6,852,252)

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

6,902,159

Shares

Shares

Warrants

Brazil

—

0.0%

Lavoro

Ltd.

(Issued/Exercisable

12/27/22,

1

Share

for

1

Warrant,

Expires

12/27/27,

Strike

Price

USD

11.50)

(g)

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

718

204

Israel

—

0.0%

(g)

Deep

Instinct

Ltd.,

(Acquired

09/20/22,

cost

$0)

(Issued/Exercisable

09/20/22,

1

Share

for

1

Warrant,

Expires

09/20/32)

(e)(i)

.........

845

93

Innovid

Corp.,

Class

A

(Issued/

Exercisable

01/28/21,

1

Share

for

1

Warrant,

Expires

12/31/27

,

Strike

Price

USD

11.50)

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

375

15

108

United

Kingdom

—

0.0%

10x

Future

Technologies

Services

Ltd.,

(Acquired

12/19/23,

cost

$0)

(Issued/Exercisable

12/19/23,

1

Share

for

1

Warrant,

Expires

11/17/30

,

Strike

Price

GBP

0.01)

(e)(g)

(i)

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

5,834

9,204

United

States

—

0.1%

(g)

Crown

PropTech

Acquisitions

(Issued/

Exercisable

02/05/21,

1

Share

for

1

Warrant,

Expires

02/01/26,

Strike

Price

USD

11.50)

(e)

..........

2,120

82

Crown

PropTech

Acquisitions

(Issued/

Exercisable

01/25/21,

1

Share

for

1

Warrant,

Expires

12/31/27,

Strike

Price

USD

11.50)

(e)

..........

1,268

—

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

17

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

United

States

(continued)

Davidson

Homes,

Inc.

(Issued/

Exercisable

05/16/24,

1

Share

for

1

Warrant,

Expires

05/16/34,

Strike

Price

USD

8.47)

(e

)

...........

965

$

10,605

EVgo

,

Inc.

(Issued/Exercisable

11/10/20,

1

Share

for

1

Warrant,

Expires

09/15/25,

Strike

Price

USD

11.50)

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

1,130

364

FLYR,

Inc.

(Issued/Exercisable

05/10/22,

1

Share

for

1

Warrant,

Expires

05/10/32,

Strike

Price

USD

3.95)

(e)

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

264

1,294

HawkEye

360,

Inc.

(Issued/Exercisable

07/07/23,

1

Share

for

1

Warrant,

Expires

07/07/33,

Strike

Price

USD

0.01)

(e)

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

543

3,035

HawkEye

360,

Inc.

(Issued/Exercisable

07/07/23,

1

Share

for

1

Warrant,

Expires

07/07/33,

Strike

Price

USD

11.17)

(e)

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

217

649

HawkEye

360,

Inc.

(Issued/Exercisable

07/07/23,

1

Share

for

1

Warrant,

Expires

07/07/33,

Strike

Price

USD

0.01)

(e)

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

1,369

7,653

Hippo

Holdings,

Inc.

(Issued/

Exercisable

01/04/21,

1

Share

for

1

Warrant,

Expires

08/02/26,

Strike

Price

USD

11.50)

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

938

19

Insight

M,

Inc.

(Issued/Exercisable

01/31/24,

1

Share

for

1

Warrant,

,

Strike

Price

USD

0.34)

(e)

.......

53,114

6,485

Latch,

Inc.

(Issued/Exercisable

12/29/20,

1

Share

for

1

Warrant,

Expires

06/04/26,

Strike

Price

USD

11.50)

(e)

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

840

—

Lightning

eMotors

,

Inc.

(Issued/

Exercisable

05/06/21,

1

Share

for

1

Warrant,

Expires

12/15/25,

Strike

Price

USD

11.50)

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

2,348

—

New

York

Community

Bancorp,

Inc.,

(Acquired

03/07/24,

cost

$0)

(Issued/Exercisable

03/11/24,

1

Share

for

1

Warrant,

Exp

ires

03/11/31,

Strike

Price

USD

2.50)

(i)

14

33,970

Offerpad

Solutions,

Inc.

(Issued/

Exercisable

10/13/20,

1

Share

for

1

Warrant,

Expires

09/01/26,

Strike

Price

USD

11.50)

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

1,681

5

Palladyne

AI

Corp.

(Issued/Exercisable

12/21/20,

1

Share

for

1

Warrant,

Expires

09/24/26,

Strike

Price

USD

11.50)

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

1,924

58

Palladyne

AI

Corp.

(Issued/Exercisable

01/15/21,

1

Share

for

1

Warrant,

Expires

06/15/27,

Strike

Price

USD

11.50)

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

724

21

Sonder

Holdings,

Inc.

(Issued/

Exercisable

06/10/24,

1

Sh

are

for

1

Warrant,

Expires

12/10/26,

Strike

Price

USD

36.00)

(e)

..........

461

2,162

Versa

Networks,

Inc.,

Series

E,

(Acquired

10/14/22,

cost

$0)

(Issued/Exercisable

10/14/22,

1

Share

for

1

Warrant,

Expires

10/07/32,

Strike

Price

USD

0.01)

(e)(i)

1,825

7,446

Security

Shares

Shares

Value

United

States

(continued)

Volato

Group,

Inc.,

(Acquired

12/03/23,

cost

$1,351)

(Issued/Exercisable

12/04/23,

1

Share

for

1

Warrant,

Expires

12/03/28,

Strike

Price

USD

11.50)

(i)

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

1,351

$

25

73,873

Total

Warrants

—

0.1%

(Cost:

$16,602)

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

83,389

Total

Long-Term

Investments

—

93.8%

(Cost:

$130,093,662)

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

141,611,123

Par

(000)

Pa

r

(

000)

Short-Term

Securities

Foreign

Government

Obligations

—

0.1%

Egypt

—

0.1%

Arab

Republic

of

Egypt

Treasury

Bills

(v)

24.89%,

02/18/25

...........

EGP

1,750

32,678

34.17%,

03/18/25

...........

2,900

52,939

85,617

Total

Foreign

Government

Obligations

—

0.1%

(Cost:

$81,857)

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

85,617

Shares

Shares

Money

Market

Funds

—

7.5%

(f)(w)

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares,

5.05%

(x)

.....

4,482,247

4,485,833

BlackRock

Liquidity

Funds,

T-Fund,

Institutional

Class,

4.83%

......

6,904,664

6,904,664

Total

Money

Market

Funds

—

7.5%

(Cost:

$

11,390,484)

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

11,390,497

Total

Short-Term

Securities

—

7.6%

(Cost:

$11,472,341)

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

11,476,114

Total

Options

Purchased

—

0.6%

(Cost:

$908,603

)

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

906,939

Total

Investments

Before

Options

Written

and

Investments

Sold

Short

—

102.0%

(Cost:

$142,474,606)

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

153,994,176

Total

Options

Written

—

(0.3)%

(Premiums

Received

—

$(477,678))

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

(459,247)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

18

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Investments

Sold

Short

Investment

Companies

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

(f)

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

(1,548)

$

(124,304)

Total

Investment

Companies

—

(0.1)%

(Proceeds:

$(118,125))

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

(124,304)

Total

Investments

Sold

Short

—

(0.1)%

(Proceeds:

$(118,125)

)

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

(124,304)

Total

Investments

Net

of

Options

Written

and

Investments

Sold

Short

—

101.6%

(Cost:

$141,878,803)

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

153,410,625

Liabilities

in

Excess

of

Other

Assets

—

(1.6)%

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

(2,394,310)

Net

Assets

—

100.0%

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

$

151,016,315

(a)

Security

exempt

from

registration

pursuant

to

Rule

144A

under

the

Securities

Act

of

1933,

as

amended.

These

securities

may

be

resold

in

transactions

exempt

from

registration

to

qualified

institutional

investors.

(b)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

period

end.

Security

description

also

includes

the

reference

rate

and

spread

if

published

and

available.

(c)

This

security

may

be

resold

to

qualified

foreign

investors

and

foreign

institutional

buyers

under

Regulation

S

of

the

Securities

Act

of

1933.

(d)

Step

coupon

security.

Coupon

rate

will

either

increase

(step-up

bond)

or

decrease

(step-down

bond)

at

regular

intervals

until

maturity.

Interest

rate

shown

reflects

the

rate

currently

in

effect.

(e)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

(f)

Affiliate

of

the

Fund.

(g)

Non-income

producing

security.

(h)

All

or

a

portion

of

this

security

is

on

loan.

(i)

Restricted

security

as

to

resale,

excluding

144A

securities.

The

Fund

held

restricted

securities

with

a

current

value

of

$3,276,171,

representing

2.17%

of

its

net

assets

as

of

period

end,

and

an

original

cost

of

$3,728,460.

(j)

All

or

a

portion

of

the

security

has

been

pledged

and/or

segregated

as

collateral

in

connection

with

outstanding

exchange-traded

options

written.

(k)

All

or

a

portion

of

the

security

is

held

by

a

wholly-owned

subsidiary.

(l)

Investment

does

not

issue

shares.

(m)

Issuer

filed

for

bankruptcy

and/or

is

in

default.

(n)

Payment-in-kind

security

which

may

pay

interest/dividends

in

additional

par/shares

and/or

in

cash.

Rates

shown

are

the

current

rate

and

possible

payment

rates.

(o)

Convertible

security.

(p)

Perpetual

security

with

no

stated

maturity

date.

(q)

Zero-coupon

bond.

(r)

Rounds

to

less

than

1,000.

(s)

Represents

an

unsettled

loan

commitment

at

period

end.

Certain

details

associated

with

this

purchase

are

not

known

prior

to

the

settlement

date,

including

coupon

rate.

(t)

Other

interests

represent

beneficial

interests

in

liquidation

trusts

and

other

reorganization

or

private

entities.

(u)

Represents

or

includes

a

TBA

transaction.

(v)

Rates

are

discount

rates

or

a

range

of

discount

rates

as

of

period

end.

(w)

Annualized

7-day

yield

as

of

period

end.

(x)

All

or

a

portion

of

this

security

was

purchased

with

the

cash

collateral

from

loaned

securities.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

19

Affiliates

Investments

in

issuers

considered

to

be

affiliate(s)

of

the

Fund

during

the period

ended

September

30,

2024

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Affiliated

Issuer

Value

at

12/31/23

Purchases

at

Cost

Proceeds

from

Sales

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

09/30/24

Par/Shares

Held

at

09/30/24

Income

Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

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

$

—

$

4,484,247

(a)

$

—

$

1,572

$

14

$

4,485,833

4,482,247

$

9,210

(b)

$

—

BlackRock

Liquidity

Funds,

T-Fund,

Institutional

Class

.

11,764,105

—

(4,859,441)

(a)

—

—

6,904,664

6,904,664

338,854

—

SL

Liquidity

Series,

LLC,

Money

Market

Series

(c)

........

3,262,819

—

(3,262,423)

(a)

(444)

48

—

—

—

—

iShares

0-5

Year

TIPS

Bond

ETF

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

140,491

—

—

—

3,890

144,381

1,425

2,850

—

iShares

Biotechnology

ETF

..

—

143,084

—

—

2,516

145,600

1,000

200

—

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

....

—

529,573

—

—

7,693

537,266

14,270

1,004

—

iShares

Core

S&P

Small-Cap

ETF

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

—

74,058

—

—

445

74,503

637

328

—

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

(c)

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

96,496

—

(98,376)

3,206

(1,326)

—

—

2,778

—

iShares

J.P.

Morgan

USD

Emerging

Markets

Bond

ETF

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

1,532,099

—

(360,868)

4,029

47,643

1,222,903

13,068

38,972

—

iShares

Latin

America

40

ETF

85,669

—

(28,949)

(528)

(10,357)

45,835

1,769

1,951

—

iShares

MSCI

Brazil

ETF

...

116,067

—

(37,457)

(7,186)

(12,680)

58,744

1,992

3,036

—

iShares

MSCI

Emerging

Markets

ETF

..........

17,250

—

—

—

2,424

19,674

429

124

—

iShares

Russell

Mid-Cap

Growth

ETF

..........

39,381

—

(20,008)

1,987

690

22,050

188

115

—

Quintis

Australia

Pty.

Ltd.,

7.50%, 10/01/26

(d)

......

283,479

—

(134)

—

(219,717)

63,628

462,748

—

—

Quintis

Australia

Pty.

Ltd.,

0.00%, 10/01/28

(d)

......

—

37,273

—

—

(37,273)

—

414,143

—

—

Quintis

HoldCo

Pty.

Ltd.

(d)

...

1

—

—

—

—

1

218,994

—

—

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

....

—

691,554

(811,910)

2,232

(6,180)

(124,304)

(1,548)

3,109

—

$

4,868

$

(222,170)

$

13,600,778

$

402,531

$

—

—

—

(a)

Represents

net

amount

purchased

(sold).

(b)

All

or

a

portion

represents

securities

lending

income

earned

from

the

reinvestment

of

cash

collateral

from

loaned

securities,

net

of

fees

and

collateral

investment

expenses,

and

other

payments

to

and

from

borrowers

of

securities.

(c)

As

of

period

end,

the

entity

is

no

longer

held.

(d)

As

of

the

beginning

of

the

period,

the

entity

was

not

considered

an

affiliate.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

20

Derivative

Financial

Instruments

Outstanding

as

of

Period

End

Futures

Contracts

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value/

Unrealized

Appreciation

(Depreciation)

Long

Contracts

IFSC

NIFTY

50

Index

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

6

10/31/24

$

312

$

(

1,931

)

Euro-Bobl

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

57

12/06/24

7,617

66,598

Euro-BTP

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

3

12/06/24

406

8,181

Euro-Bund

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

33

12/06/24

4,956

42,871

Euro-OAT

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

6

12/06/24

847

4,426

Euro-Schatz

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

7

12/06/24

835

4,190

OSE

Nikkei

225

Index

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

16

12/12/24

4,262

254,558

Australia

10-Year

Bond

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

35

12/16/24

2,816

(

30,569

)

U.S.

Treasury

Long

Bond

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

9

12/19/24

1,119

(

3,437

)

EURO

STOXX

Banks

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

15

12/20/24

121

1,105

MSCI

Emerging

Markets

Index

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

2

12/20/24

117

6,674

Russell

2000

E-Mini

Index

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

10

12/20/24

1,125

17,438

Long

Gilt

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

5

12/27/24

658

(

4,272

)

U.S.

Treasury

5-Year

Note

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

322

12/31/24

35,405

(

21,359

)

344,473

Short

Contracts

Euro-Buxl

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

1

12/06/24

152

(

1,215

)

U.S.

Treasury

10-Year

Note

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

18

12/19/24

2,059

(

1,476

)

U.S.

Treasury

10-Year

Ultra

Note

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

117

12/19/24

13,859

(

25,803

)

U.S.

Treasury

Ultra

Bond

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

13

12/19/24

1,733

7,018

EURO

STOXX

50

Index

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

1

12/20/24

56

(

1,974

)

FTSE

100

Index

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

1

12/20/24

111

670

Nasdaq-100

E-Mini

Index

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

13

12/20/24

5,268

(

153,919

)

S&P

500

E-Mini

Index

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

10

12/20/24

2,907

(

24,587

)

U.S.

Treasury

2-Year

Note

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

305

12/31/24

63,523

(

138,385

)

(

339,671

)

$

4,802

Forward

Foreign

Currency

Exchange

Contracts

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation  

(Depreciation)

BRL

221,880

USD

40,000

Barclays

Bank

plc

10/02/24

$

729

BRL

225,700

USD

40,000

Citibank

NA

10/02/24

1,430

BRL

224,286

USD

40,000

Goldman

Sachs

International

10/02/24

1,171

BRL

1,211,881

USD

211,716

JPMorgan

Chase

Bank

NA

10/02/24

10,741

USD

276,991

BRL

1,443,123

JPMorgan

Chase

Bank

NA

10/02/24

12,086

TRY

1,409,460

USD

40,000

Barclays

Bank

plc

10/07/24

1,011

TRY

1,127,840

USD

32,000

Barclays

Bank

plc

10/23/24

228

TRY

1,574,580

USD

42,000

Citibank

NA

10/23/24

2,994

TRY

2,944,027

USD

80,851

Goldman

Sachs

International

10/23/24

3,276

TRY

3,496,146

USD

94,312

UBS

AG

10/23/24

5,592

USD

53,714

COP

225,848,000

Morgan

Stanley

&

Co.

International

plc

10/23/24

177

USD

88,768

COP

371,537,849

Societe

Generale

SA

10/23/24

695

AUD

39,000

USD

26,808

JPMorgan

Chase

Bank

NA

10/24/24

165

AUD

31,125

USD

21,068

UBS

AG

10/24/24

458

BRL

656,444

USD

120,000

Barclays

Bank

plc

10/24/24

173

BRL

2,486,887

USD

451,644

Citibank

NA

10/24/24

3,623

BRL

307,313

USD

55,000

Goldman

Sachs

International

10/24/24

1,259

CLP

37,092,800

USD

40,000

Barclays

Bank

plc

10/24/24

1,239

CLP

21,362,400

USD

23,000

Deutsche

Bank

AG

10/24/24

750

CLP

61,010,315

USD

65,935

Morgan

Stanley

&

Co.

International

plc

10/24/24

1,894

CNY

1,164,398

USD

164,890

Bank

of

America

NA

10/24/24

1,616

CNY

590,050

USD

84,000

Citibank

NA

10/24/24

376

CNY

246,314

USD

35,000

UBS

AG

10/24/24

222

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

21

Forward

Foreign

Currency

Exchange

Contracts

(continued)

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation  

(Depreciation)

EUR

6,000

USD

6,680

HSBC

Bank

plc

10/24/24

$

6

EUR

18,387

USD

20,483

Toronto

Dominion

Bank

10/24/24

5

GBP

23,917

USD

31,595

Barclays

Bank

plc

10/24/24

380

GBP

6,000

USD

7,986

JPMorgan

Chase

Bank

NA

10/24/24

36

IDR

2,182,976,848

USD

141,973

Citibank

NA

10/24/24

1,566

INR

3,323,356

USD

39,610

Royal

Bank

of

Canada

10/24/24

10

JPY

5,973,636

USD

41,684

Bank

of

America

NA

10/24/24

19

KRW

30,450,896

USD

22,933

BNP

Paribas

SA

10/24/24

178

KRW

55,634,764

USD

41,960

Citibank

NA

10/24/24

265

MYR

1,438,699

USD

340,089

Barclays

Bank

plc

10/24/24

8,592

NOK

221,772

USD

21,000

JPMorgan

Chase

Bank

NA

10/24/24

20

NOK

445,103

USD

42,000

Morgan

Stanley

&

Co.

International

plc

10/24/24

189

PEN

440,154

USD

116,989

BNP

Paribas

SA

10/24/24

1,704

RON

35,804

USD

8,000

Barclays

Bank

plc

10/24/24

8

SGD

54,625

USD

42,238

Barclays

Bank

plc

10/24/24

314

SGD

11,605

USD

9,000

Natwest

Markets

plc

10/24/24

41

THB

1,362,543

USD

42,000

Citibank

NA

10/24/24

413

THB

7,126,798

USD

213,800

HSBC

Bank

plc

10/24/24

8,042

THB

1,480,626

USD

45,000

Societe

Generale

SA

10/24/24

1,089

TWD

1,923,332

USD

60,717

Citibank

NA

10/24/24

135

TWD

415,952

USD

13,000

HSBC

Bank

plc

10/24/24

160

USD

44,000

BRL

239,624

Citibank

NA

10/24/24

133

USD

42,000

IDR

638,313,900

Citibank

NA

10/24/24

28

USD

88,474

MXN

1,722,403

Barclays

Bank

plc

10/24/24

1,312

USD

270,250

MXN

4,752,067

State

Street

Bank

and

Trust

Co.

10/24/24

29,772

USD

386,393

PLN

1,482,500

HSBC

Bank

plc

10/24/24

1,421

USD

42,000

ZAR

726,367

UBS

AG

10/24/24

42

ZAR

1,062,071

USD

61,000

Morgan

Stanley

&

Co.

International

plc

10/24/24

350

ZAR

1,468,429

USD

83,483

UBS

AG

10/24/24

1,340

TRY

1,466,212

USD

41,565

Barclays

Bank

plc

10/25/24

235

TRY

816,112

USD

22,000

Barclays

Bank

plc

10/28/24

1,186

TRY

1,677,375

USD

45,000

Citibank

NA

10/28/24

2,654

TRY

1,455,108

USD

40,000

UBS

AG

11/12/24

657

TRY

2,115,034

USD

58,000

BNP

Paribas

SA

11/18/24

708

USD

390,883

COP

1,641,161,240

Citibank

NA

11/20/24

3,218

USD

45,213

COP

188,289,788

JPMorgan

Chase

Bank

NA

11/20/24

736

USD

215,320

CZK

4,827,165

Bank

of

America

NA

11/20/24

1,987

USD

25,736

CZK

580,027

BNP

Paribas

SA

11/20/24

102

USD

43,247

HUF

15,273,714

Canadian

Imperial

Bank

of

Commerce

11/20/24

534

USD

6,299

HUF

2,239,097

Nomura

International

plc

11/20/24

37

USD

42,970

IDR

653,704,231

Deutsche

Bank

AG

11/20/24

16

USD

176,989

IDR

2,689,263,270

Morgan

Stanley

&

Co.

International

plc

11/20/24

283

USD

233,319

MXN

4,550,605

Barclays

Bank

plc

11/20/24

4,007

USD

42,994

MXN

841,686

Goldman

Sachs

International

11/20/24

580

USD

252,825

PLN

970,482

Morgan

Stanley

&

Co.

International

plc

11/20/24

995

USD

42,274

BRL

231,241

BNP

Paribas

SA

11/21/24

76

TRY

606,214

USD

15,141

Barclays

Bank

plc

12/04/24

1,393

TRY

1,407,786

USD

36,204

Goldman

Sachs

International

12/04/24

2,192

TRY

868,000

USD

20,293

BNP

Paribas

SA

12/06/24

3,331

TRY

3,185,000

USD

76,682

UBS

AG

12/06/24

10,003

AUD

3,249,813

USD

2,167,174

Canadian

Imperial

Bank

of

Commerce

12/18/24

81,377

BRL

2,821,387

EUR

445,576

Goldman

Sachs

International

12/18/24

15,597

CAD

1,031,728

USD

760,417

Bank

of

New

York

Mellon

12/18/24

3,987

CAD

1,137,159

USD

838,099

Natwest

Markets

plc

12/18/24

4,419

CNY

9,497,013

USD

1,344,099

BNP

Paribas

SA

12/18/24

19,890

DKK

3,705,590

USD

550,239

Toronto

Dominion

Bank

12/18/24

5,359

EUR

647,096

CHF

599,894

UBS

AG

12/18/24

7,599

EUR

1,357,914

USD

1,502,895

Royal

Bank

of

Canada

12/18/24

13,487

GBP

233,966

EUR

276,600

Bank

of

America

NA

12/18/24

3,866

GBP

301,069

USD

393,988

Natwest

Markets

plc

12/18/24

8,455

HUF

54,365,616

USD

150,294

BNP

Paribas

SA

12/18/24

1,616

JPY

103,254,282

USD

725,000

Citibank

NA

12/18/24

1,174

JPY

20,635,814

USD

144,686

JPMorgan

Chase

Bank

NA

12/18/24

443

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

22

Forward

Foreign

Currency

Exchange

Contracts

(continued)

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation  

(Depreciation)

KRW

899,624,391

USD

672,903

HSBC

Bank

plc

12/18/24

$

11,923

MXN

10,005,077

EUR

443,947

JPMorgan

Chase

Bank

NA

12/18/24

6,254

MXN

6,648,988

USD

326,500

Morgan

Stanley

&

Co.

International

plc

12/18/24

7,116

NOK

7,688,101

CHF

594,549

Barclays

Bank

plc

12/18/24

20,189

NZD

123,715

USD

76,156

Morgan

Stanley

&

Co.

International

plc

12/18/24

2,450

PLN

932,408

USD

239,482

Citibank

NA

12/18/24

2,179

SEK

4,951,846

USD

479,699

Natwest

Markets

plc

12/18/24

9,782

SGD

367,019

USD

282,719

Royal

Bank

of

Canada

12/18/24

3,955

TWD

15,635,470

USD

491,450

Morgan

Stanley

&

Co.

International

plc

12/18/24

7,214

USD

145,306

EUR

129,973

JPMorgan

Chase

Bank

NA

12/18/24

165

USD

144,903

GBP

108,375

JPMorgan

Chase

Bank

NA

12/18/24

37

USD

138,470

MXN

2,752,922

Citibank

NA

12/18/24

341

ZAR

6,025,691

EUR

301,011

State

Street

Bank

and

Trust

Co.

12/18/24

10,317

ZAR

4,376,017

USD

242,021

Toronto

Dominion

Bank

12/18/24

9,584

403,180

BRL

231,241

USD

42,508

BNP

Paribas

SA

10/02/24

(

60

)

USD

120,000

BRL

654,708

Barclays

Bank

plc

10/02/24

(

181

)

USD

39,398

TRY

1,395,036

Barclays

Bank

plc

10/07/24

(

1,193

)

USD

62,759

TRY

2,182,680

HSBC

Bank

plc

10/07/24

(

750

)

COP

1,011,749,000

USD

243,217

BNP

Paribas

SA

10/23/24

(

3,383

)

USD

292,421

COP

1,248,037,957

Morgan

Stanley

&

Co.

International

plc

10/23/24

(

3,428

)

USD

82,982

TRY

2,991,825

Barclays

Bank

plc

10/23/24

(

2,510

)

USD

99,537

TRY

3,731,646

Citibank

NA

10/23/24

(

7,096

)

USD

63,724

TRY

2,308,402

UBS

AG

10/23/24

(

2,239

)

CNY

146,609

USD

21,000

JPMorgan

Chase

Bank

NA

10/24/24

(

35

)

COP

449,806,588

USD

106,728

BNP

Paribas

SA

10/24/24

(

116

)

COP

83,310,000

USD

20,000

Deutsche

Bank

AG

10/24/24

(

254

)

CZK

518,530

USD

23,000

BNP

Paribas

SA

10/24/24

(

96

)

CZK

2,723,974

USD

121,451

UBS

AG

10/24/24

(

1,128

)

EUR

7,000

GBP

5,856

Goldman

Sachs

International

10/24/24

(

29

)

EUR

27,069

GBP

22,825

Standard

Chartered

Bank

10/24/24

(

353

)

EUR

94,043

USD

105,056

HSBC

Bank

plc

10/24/24

(

268

)

HUF

9,940,980

USD

28,000

BNP

Paribas

SA

10/24/24

(

173

)

HUF

367,325

USD

1,034

UBS

AG

10/24/24

(

6

)

IDR

1,110,038,000

USD

73,000

Citibank

NA

10/24/24

(

11

)

INR

669,290

USD

8,000

Royal

Bank

of

Canada

10/24/24

(

21

)

JPY

1,286,577

USD

9,000

HSBC

Bank

plc

10/24/24

(

18

)

KRW

28,718,360

USD

22,000

Morgan

Stanley

&

Co.

International

plc

10/24/24

(

204

)

MXN

4,006,924

USD

210,579

Goldman

Sachs

International

10/24/24

(

7,809

)

MXN

1,227,083

USD

63,000

HSBC

Bank

plc

10/24/24

(

904

)

MXN

1,529,427

USD

80,372

UBS

AG

10/24/24

(

2,975

)

NOK

94,556

USD

9,000

Goldman

Sachs

International

10/24/24

(

38

)

PLN

168,667

EUR

39,397

Barclays

Bank

plc

10/24/24

(

99

)

PLN

12,850

EUR

3,000

Goldman

Sachs

International

10/24/24

(

6

)

PLN

111,521

USD

29,000

BNP

Paribas

SA

10/24/24

(

41

)

RON

224,674

USD

50,348

UBS

AG

10/24/24

(

98

)

USD

42,000

CLP

37,894,500

Goldman

Sachs

International

10/24/24

(

130

)

USD

50,684

JPY

7,279,930

Barclays

Bank

plc

10/24/24

(

138

)

USD

29,702

SEK

303,330

Bank

of

America

NA

10/24/24

(

200

)

USD

6,000

SEK

61,255

Natwest

Markets

plc

10/24/24

(

38

)

USD

73,717

TWD

2,337,935

HSBC

Bank

plc

10/24/24

(

253

)

USD

29,067

ZAR

512,042

Canadian

Imperial

Bank

of

Commerce

10/24/24

(

511

)

USD

17,077

TRY

603,211

Goldman

Sachs

International

10/25/24

(

120

)

USD

39,602

TRY

1,405,219

HSBC

Bank

plc

10/25/24

(

460

)

USD

81,908

TRY

2,891,000

UBS

AG

10/28/24

(

225

)

HUF

50,019,724

USD

141,452

Natwest

Markets

plc

11/20/24

(

1,573

)

MXN

3,950,032

USD

202,462

Toronto

Dominion

Bank

11/20/24

(

3,414

)

PLN

1,496,861

USD

390,126

Canadian

Imperial

Bank

of

Commerce

11/20/24

(

1,706

)

USD

177,051

PEN

664,643

Barclays

Bank

plc

11/20/24

(

2,133

)

USD

21,315

THB

700,079

Goldman

Sachs

International

11/20/24

(

514

)

USD

156,955

THB

5,163,826

HSBC

Bank

plc

11/20/24

(

4,060

)

USD

13,935

UYU

586,085

Citibank

NA

11/20/24

(

164

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

23

Forward

Foreign

Currency

Exchange

Contracts

(continued)

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation  

(Depreciation)

USD

54,276

ZAR

945,127

Canadian

Imperial

Bank

of

Commerce

11/20/24

$

(

195

)

USD

218,964

ZAR

3,850,967

Goldman

Sachs

International

11/20/24

(

2,981

)

USD

591,609

BRL

3,253,791

Deutsche

Bank

AG

11/21/24

(

2,157

)

USD

37,148

BRL

208,187

JPMorgan

Chase

Bank

NA

11/21/24

(

843

)

USD

50,807

TRY

2,014,000

UBS

AG

12/04/24

(

4,123

)

USD

103,072

TRY

4,053,000

Barclays

Bank

plc

12/06/24

(

7,237

)

USD

37,755

PEN

143,989

Goldman

Sachs

International

12/11/24

(

1,059

)

CHF

2,853,949

USD

3,407,258

State

Street

Bank

and

Trust

Co.

12/18/24

(

5,642

)

CNY

1,501,716

USD

216,706

JPMorgan

Chase

Bank

NA

12/18/24

(

1,025

)

EUR

339,115

USD

380,508

HSBC

Bank

plc

12/18/24

(

1,818

)

JPY

136,929,778

EUR

880,479

State

Street

Bank

and

Trust

Co.

12/18/24

(

20,221

)

JPY

16,916,793

USD

120,412

Canadian

Imperial

Bank

of

Commerce

12/18/24

(

1,438

)

JPY

905,541,924

USD

6,438,052

State

Street

Bank

and

Trust

Co.

12/18/24

(

69,489

)

MXN

2,877,298

USD

144,686

Morgan

Stanley

&

Co.

International

plc

12/18/24

(

316

)

USD

74,762

BRL

427,900

UBS

AG

12/18/24

(

3,067

)

USD

66,152

EUR

59,761

Bank

of

America

NA

12/18/24

(

583

)

USD

142,821

EUR

128,776

Morgan

Stanley

&

Co.

International

plc

12/18/24

(

983

)

USD

1,567,992

GBP

1,198,175

Deutsche

Bank

AG

12/18/24

(

33,626

)

USD

1,332,077

HKD

10,351,803

Toronto

Dominion

Bank

12/18/24

(

929

)

USD

3,004

IDR

46,624,717

JPMorgan

Chase

Bank

NA

12/18/24

(

57

)

USD

28,097

INR

2,368,662

Citibank

NA

12/18/24

(

62

)

USD

568,520

NOK

6,155,353

Morgan

Stanley

&

Co.

International

plc

12/18/24

(

15,006

)

COP

371,537,849

USD

93,398

Citibank

NA

02/21/25

(

6,696

)

COP

509,007,000

USD

122,712

HSBC

Bank

plc

02/24/25

(

3,979

)

(

234,693

)

$

168,487

OTC

Barrier

Options

Purchased

Description

Type

of

Option

Counterparty

Expiration  

Date

Exercise

Price

Barrier

Price/Range

Notional

Amount

(000)

Value

Call

USD

Currency

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

One-Touch

HSBC

Bank

plc

11/27/24

SGD

1.32

SGD

1.32

USD

11

$

869

USD

Currency

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

One-Touch

HSBC

Bank

plc

12/09/24

CNH

7.65

CNH

7.65

USD

6

39

908

Put

EUR

Currency

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

Down

and

Out

Goldman

Sachs

International

10/07/24

USD

1.07

USD

1.01

EUR

312

2

USD

Currency

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

Down

and

Out

UBS

AG

10/30/24

TRY

35.50

TRY

34.00

USD

78

1,017

EUR

Currency

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

One-Touch

HSBC

Bank

plc

11/04/24

USD

1.06

USD

1.06

EUR

12

141

EUR

Currency

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

One-Touch

Bank

of

America

NA

11/12/24

USD

1.05

USD

1.05

EUR

3

32

EUR

Currency

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

One-Touch

Bank

of

America

NA

11/19/24

USD

1.05

USD

1.05

EUR

3

50

EUR

Currency

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

One-Touch

Barclays

Bank

plc

12/09/24

USD

1.04

USD

1.04

EUR

6

113

USD

Currency

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

One-Touch

UBS

AG

12/12/24

TRY

35.25

TRY

35.25

USD

5

929

2,284

$

3,192

$

–

Exchange-Traded

Options

Purchased

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

NVIDIA

Corp.

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

34

10/11/24

USD

125.00

USD

413

$

7,701

CBOE

Volatility

Index

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

8

10/16/24

USD

25.00

USD

13

432

Alphabet,

Inc.

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

6

10/18/24

USD

170.00

USD

100

1,473

Amazon.com,

Inc.

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

13

10/18/24

USD

185.00

USD

242

7,020

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

24

Exchange-Traded

Options

Purchased

(continued)

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Amazon.com,

Inc.

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

19

10/18/24

USD

180.00

USD

354

$

16,673

Apple,

Inc.

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

10

10/18/24

USD

225.00

USD

233

10,175

Apple,

Inc.

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

14

10/18/24

USD

230.00

USD

326

9,029

Apple,

Inc.

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

38

10/18/24

USD

235.00

USD

885

13,679

Broadcom,

Inc.

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

5

10/18/24

USD

180.00

USD

86

1,555

ConocoPhillips

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

37

10/18/24

USD

115.00

USD

390

759

Informatica,

Inc.

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

4

10/18/24

USD

30.00

USD

10

50

JPMorgan

Chase

&

Co.

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

8

10/18/24

USD

230.00

USD

169

192

JPMorgan

Chase

&

Co.

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

17

10/18/24

USD

220.00

USD

358

2,422

LVMH

Moet

Hennessy

Louis

Vuitton

SE

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

3

10/18/24

EUR

690.00

EUR

207

17

Microsoft

Corp.

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

6

10/18/24

USD

440.00

USD

258

2,279

NVIDIA

Corp.

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

17

10/18/24

USD

115.00

USD

206

15,088

Sabre

Corp.

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

7

10/18/24

USD

4.50

USD

3

18

Shell

plc

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

28

10/18/24

EUR

32.00

EUR

83

62

SPDR

Gold

Shares

(a)

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

44

10/18/24

USD

245.00

USD

1,069

13,002

SPDR

S&P

500

ETF

Trust

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

57

10/18/24

USD

575.00

USD

3,270

36,851

SPDR

S&P

Oil

&

Gas

Exploration

&

Production

ETF

....

7

10/18/24

USD

150.00

USD

92

91

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

........

6

10/18/24

USD

175.00

USD

104

4,230

Tesla,

Inc.

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

17

10/18/24

USD

275.00

USD

445

21,123

Walmart,

Inc.

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

24

10/18/24

USD

80.00

USD

194

4,536

Walt

Disney

Co.

(The)

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

17

10/18/24

USD

110.00

USD

164

128

Western

Digital

Corp.

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

8

10/18/24

USD

75.00

USD

55

296

Apple,

Inc.

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

38

10/25/24

USD

240.00

USD

885

9,253

SPDR

Gold

Shares

(a)

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

34

10/25/24

USD

240.00

USD

826

21,505

SPDR

S&P

500

ETF

Trust

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

85

10/25/24

USD

580.00

USD

4,877

43,223

U.S.

Treasury

10-Year

Note

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

1

10/25/24

USD

116.50

USD

100

94

U.S.

Treasury

30-Year

Bond

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

1

10/25/24

USD

126.50

USD

100

469

U.S.

Treasury

5-Year

Note

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

1

10/25/24

USD

111.25

USD

100

94

SPDR

S&P

500

ETF

Trust

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

25

11/01/24

USD

580.00

USD

1,434

16,300

Apple,

Inc.

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

35

11/15/24

USD

225.00

USD

816

49,525

Boston

Scientific

Corp.

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

23

11/15/24

USD

85.00

USD

193

6,095

DR

Horton,

Inc.

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

13

11/15/24

USD

200.00

USD

248

8,190

Edwards

Lifesciences

Corp.

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

17

11/15/24

USD

72.50

USD

112

2,933

Fifth

Third

Bancorp

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

19

11/15/24

USD

43.00

USD

81

3,799

Freeport-McMoRan,

Inc.

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

61

11/15/24

USD

55.00

USD

305

6,253

Hewlett

Packard

Enterprise

Co.

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

8

11/15/24

USD

22.00

USD

16

420

Home

Depot,

Inc.

(The)

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

3

11/15/24

USD

390.00

USD

122

7,313

Humana,

Inc.

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

4

11/15/24

USD

395.00

USD

127

1,560

JPMorgan

Chase

&

Co.

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

11

11/15/24

USD

215.00

USD

232

6,490

Mastercard,

Inc.

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

3

11/15/24

USD

510.00

USD

148

2,715

Meta

Platforms,

Inc.

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

11

11/15/24

USD

590.00

USD

630

29,755

Micron

Technology,

Inc.

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

42

11/15/24

USD

115.00

USD

436

11,739

Oracle

Corp.

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

13

11/15/24

USD

180.00

USD

222

3,029

SPDR

Gold

Shares

(a)

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

21

11/15/24

USD

255.00

USD

510

4,893

SPDR

Gold

Shares

(a)

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

22

11/15/24

USD

240.00

USD

535

18,260

SPDR

Gold

Shares

(a)

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

31

11/15/24

USD

245.00

USD

753

17,593

SPDR

Gold

Shares

(a)

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

37

11/15/24

USD

250.00

USD

899

13,413

Trane

Technologies

plc

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

7

11/15/24

USD

400.00

USD

272

8,610

Uniti

Group,

Inc.

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

6

11/15/24

USD

6.00

USD

3

270

Uniti

Group,

Inc.

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

7

11/15/24

USD

7.00

USD

4

123

Walmart,

Inc.

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

48

11/15/24

USD

80.00

USD

388

14,520

Western

Digital

Corp.

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

5

11/15/24

USD

82.50

USD

34

353

Bank

of

America

Corp.

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

14

12/20/24

USD

41.00

USD

56

2,016

Capital

One

Financial

Corp.

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

8

12/20/24

USD

155.00

USD

120

5,880

Carrier

Global

Corp.

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

52

12/20/24

USD

85.00

USD

419

14,560

Costco

Wholesale

Corp.

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

4

12/20/24

USD

940.00

USD

355

8,520

Home

Depot,

Inc.

(The)

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

5

12/20/24

USD

400.00

USD

203

10,750

iShares

China

Large-Cap

ETF

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

88

12/20/24

USD

34.00

USD

280

11,308

Meta

Platforms,

Inc.

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

13

12/20/24

USD

600.00

USD

744

38,480

NVIDIA

Corp.

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

10

12/20/24

USD

130.00

USD

121

9,000

NVIDIA

Corp.

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

17

12/20/24

USD

120.00

USD

206

22,695

Paramount

Global

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

6

12/20/24

USD

15.00

USD

6

12

SPDR

Gold

Shares

(a)

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

37

12/20/24

USD

255.00

USD

899

15,170

Fifth

Third

Bancorp

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

26

01/17/25

USD

45.00

USD

111

4,744

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

25

Exchange-Traded

Options

Purchased

(continued)

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Paramount

Global

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

6

01/17/25

USD

15.00

USD

6

$

21

Sabre

Corp.

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

11

01/17/25

USD

5.00

USD

4

198

Shell

plc

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

45

01/17/25

USD

67.50

USD

297

10,574

SPDR

Gold

Shares

(a)

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

29

01/17/25

USD

255.00

USD

705

15,298

Uniti

Group,

Inc.

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

9

01/17/25

USD

6.00

USD

5

585

647,481

Put

Alphabet,

Inc.

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

20

10/18/24

USD

155.00

USD

334

1,030

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

.......

11

10/18/24

USD

77.00

USD

88

55

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

.......

97

10/18/24

USD

78.00

USD

779

679

iShares

Russell

2000

ETF

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

4

10/18/24

USD

210.00

USD

88

410

Merck

&

Co.,

Inc.

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

25

10/18/24

USD

110.00

USD

284

1,675

SPDR

S&P

500

ETF

Trust

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

1

10/18/24

USD

500.00

USD

57

32

SPDR

S&P

500

ETF

Trust

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

6

10/18/24

USD

555.00

USD

344

1,242

SPDR

S&P

500

ETF

Trust

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

15

10/18/24

USD

545.00

USD

861

1,860

SPDR

S&P

500

ETF

Trust

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

31

10/18/24

USD

550.00

USD

1,779

4,929

American

Airlines

Group,

Inc.

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

7

11/15/24

USD

8.00

USD

8

39

American

Airlines

Group,

Inc.

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

7

11/15/24

USD

9.00

USD

8

95

SPDR

S&P

500

ETF

Trust

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

34

11/15/24

USD

560.00

USD

1,951

24,429

Intel

Corp.

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

7

12/20/24

USD

17.00

USD

16

217

36,692

$

684,173

(a)

All

or

a

portion

of

the

security

is

held

by

a

wholly-owned

subsidiary.

OTC

Options

Purchased

Description

Counterparty

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

USD

Currency

...........

Morgan

Stanley

&

Co.

International

plc

—

10/09/24

MXN

18.30

USD

85

$

6,114

USD

Currency

...........

Standard

Chartered

Bank

—

10/29/24

CNH

7.05

USD

126

532

USD

Currency

...........

Deutsche

Bank

AG

—

11/12/24

BRL

5.75

USD

126

737

USD

Currency

...........

Morgan

Stanley

&

Co.

International

plc

—

11/12/24

COP

4,200.00

USD

105

2,351

Financial

Select

Sector

SPDR

Fund

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

JPMorgan

Chase

Bank

NA

134

11/15/24

USD

47.00

USD

6

2,714

12,448

Put

S&P

500

Index

..........

UBS

AG

151

10/18/24

USD

5,400.00

USD

870

3,208

EUR

Currency

...........

JPMorgan

Chase

Bank

NA

—

11/12/24

USD

1.06

EUR

58

19

S&P

500

Index

..........

UBS

AG

47

11/15/24

USD

5,450.00

USD

271

4,024

EUR

Currency

...........

JPMorgan

Chase

Bank

NA

—

11/19/24

USD

1.06

EUR

58

30

USD

Currency

...........

Goldman

Sachs

International

—

12/06/24

TRY

42.50

USD

39

6,166

13,447

$

25,895

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

26

OTC

Credit

Default

Swaptions

Purchased

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate/Reference

Rate/Reference

Frequency

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

(a)

Value

Put

Bought

Protection

on

5-Year

Credit

Default

Swap

......

1

.00

%

Markit

CDX

North

American

Investment

Grade

Index

Series

42.V1

Quarterly

JPMorgan

Chase

Bank

NA

10/16/24

USD

55.00

USD

665

$

120

Bought

Protection

on

5-Year

Credit

Default

Swap

......

1

.00

Markit

CDX

North

American

Investment

Grade

Index

Series

43.V1

Quarterly

Goldman

Sachs

International

11/20/24

USD

62.50

USD

910

690

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

Markit

CDX

North

American

High

Yield

Index

Series

42.V1

Quarterly

Bank

of

America

NA

10/16/24

USD

101.50

USD

175

46

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

Quarterly

Bank

of

America

NA

10/16/24

USD

106.50

USD

140

238

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

Markit

CDX

North

American

High

Yield

Index

Series

42.V1

Quarterly

Goldman

Sachs

International

10/16/24

USD

106.50

USD

185

170

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

iTraxx

Europe

Crossover

Index

Series

41.V1

Quarterly

Citibank

NA

10/16/24

EUR

325.00

EUR

816

736

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

iTraxx

Europe

Crossover

Index

Series

42.V1

Quarterly

Goldman

Sachs

International

10/16/24

EUR

350.00

EUR

165

218

$

2,218

(a)

The

maximum

potential

amount

the

Fund

may

pay

should

a

negative

credit

event

take

place

as

defined

under

the

terms

of

the

agreement.

OTC

Interest

Rate

Swaptions

Purchased

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate

Frequency

Rate

Frequency

Counterparty

Expiration

Date

Exercise

Rate

Notional

Amount

(000)

Value

Call

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.66%

Annual

Nomura

International

plc

10/08/24

3

.66

%

USD

959

$

18,470

10-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.66%

Annual

Nomura

International

plc

10/08/24

3

.66

USD

646

19,154

10-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.75%

Annual

Citibank

NA

10/23/24

3

.75

USD

1,460

55,597

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

4.00%

Semi-Annual

JPMorgan

Chase

Bank

NA

10/24/24

4

.00

USD

2,972

34,579

5-Year

Interest

Rate

Swap

(a)

.

6-mo.

EURIBOR

Semi-Annual

2.05%

Annual

JPMorgan

Chase

Bank

NA

12/17/24

2

.05

EUR

919

4,487

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.60%

Annual

JPMorgan

Chase

Bank

NA

12/17/24

3

.60

USD

1,884

40,951

10-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.00%

Annual

Goldman

Sachs

International

01/23/25

3

.00

USD

1,947

18,218

191,456

Put

2-Year

Interest

Rate

Swap

(a)

.

1.00%

Annual

1-day

TONAR

Annual

Deutsche

Bank

AG

11/18/24

1

.00

JPY

381,215

5

$

191,461

(a)

Forward

settling

swaption.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

27

Exchange-Traded

Options

Written

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

NVIDIA

Corp.

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

34

10/11/24

USD

140.00

USD

413

$

(

459

)

CBOE

Volatility

Index

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

8

10/16/24

USD

40.00

USD

13

(

196

)

Adobe,

Inc.

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

2

10/18/24

USD

560.00

USD

104

(

226

)

Alphabet,

Inc.

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

9

10/18/24

USD

175.00

USD

150

(

900

)

Amazon.com,

Inc.

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

7

10/18/24

USD

205.00

USD

130

(

168

)

Amazon.com,

Inc.

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

10

10/18/24

USD

200.00

USD

186

(

590

)

Apple,

Inc.

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

6

10/18/24

USD

240.00

USD

140

(

1,035

)

Applied

Materials,

Inc.

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

4

10/18/24

USD

210.00

USD

81

(

1,760

)

Autodesk,

Inc.

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

2

10/18/24

USD

285.00

USD

55

(

415

)

Autodesk,

Inc.

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

3

10/18/24

USD

290.00

USD

83

(

330

)

Bank

of

America

Corp.

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

36

10/18/24

USD

42.00

USD

143

(

990

)

Broadcom,

Inc.

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

4

10/18/24

USD

190.00

USD

69

(

388

)

Charles

Schwab

Corp.

(The)

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

7

10/18/24

USD

72.50

USD

45

(

217

)

Charles

Schwab

Corp.

(The)

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

11

10/18/24

USD

70.00

USD

71

(

731

)

Chevron

Corp.

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

5

10/18/24

USD

150.00

USD

74

(

875

)

ConocoPhillips

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

7

10/18/24

USD

110.00

USD

74

(

609

)

Costco

Wholesale

Corp.

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

1

10/18/24

USD

1,000.00

USD

89

(

48

)

Costco

Wholesale

Corp.

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

1

10/18/24

USD

990.00

USD

89

(

52

)

Danaher

Corp.

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

3

10/18/24

USD

290.00

USD

83

(

397

)

Delta

Air

Lines,

Inc.

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

16

10/18/24

USD

50.00

USD

81

(

3,544

)

Eli

Lilly

&

Co.

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

1

10/18/24

USD

990.00

USD

89

(

124

)

Eli

Lilly

&

Co.

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

1

10/18/24

USD

1,000.00

USD

89

(

83

)

Freeport-McMoRan,

Inc.

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

13

10/18/24

USD

50.00

USD

65

(

1,865

)

Freeport-McMoRan,

Inc.

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

17

10/18/24

USD

47.00

USD

85

(

6,715

)

Goldman

Sachs

Group,

Inc.

(The)

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

2

10/18/24

USD

535.00

USD

99

(

340

)

Goldman

Sachs

Group,

Inc.

(The)

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

2

10/18/24

USD

525.00

USD

99

(

596

)

Intuitive

Surgical,

Inc.

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

1

10/18/24

USD

535.00

USD

49

(

300

)

Intuitive

Surgical,

Inc.

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

1

10/18/24

USD

540.00

USD

49

(

265

)

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

........

44

10/18/24

USD

80.00

USD

353

(

1,320

)

JPMorgan

Chase

&

Co.

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

4

10/18/24

USD

225.00

USD

84

(

250

)

Meta

Platforms,

Inc.

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

1

10/18/24

USD

620.00

USD

57

(

171

)

Microsoft

Corp.

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

7

10/18/24

USD

460.00

USD

301

(

346

)

Oracle

Corp.

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

6

10/18/24

USD

175.00

USD

102

(

852

)

ServiceNow,

Inc.

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

1

10/18/24

USD

960.00

USD

89

(

347

)

ServiceNow,

Inc.

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

1

10/18/24

USD

1,000.00

USD

89

(

72

)

SPDR

Gold

Shares

(a)

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

44

10/18/24

USD

265.00

USD

1,069

(

440

)

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

.........

6

10/18/24

USD

195.00

USD

104

(

819

)

Tesla,

Inc.

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

17

10/18/24

USD

305.00

USD

445

(

8,415

)

Thermo

Fisher

Scientific,

Inc.

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

1

10/18/24

USD

650.00

USD

62

(

232

)

Trane

Technologies

plc

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

2

10/18/24

USD

400.00

USD

78

(

800

)

UnitedHealth

Group,

Inc.

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

2

10/18/24

USD

640.00

USD

117

(

418

)

UnitedHealth

Group,

Inc.

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

2

10/18/24

USD

620.00

USD

117

(

855

)

Valero

Energy

Corp.

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

5

10/18/24

USD

145.00

USD

68

(

480

)

Vistra

Corp.

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

8

10/18/24

USD

100.00

USD

95

(

15,440

)

Walt

Disney

Co.

(The)

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

8

10/18/24

USD

100.00

USD

77

(

576

)

Wells

Fargo

&

Co.

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

14

10/18/24

USD

60.00

USD

79

(

721

)

Western

Digital

Corp.

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

4

10/18/24

USD

82.50

USD

27

(

32

)

Apple,

Inc.

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

38

10/25/24

USD

260.00

USD

885

(

532

)

SPDR

Gold

Shares

(a)

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

34

10/25/24

USD

255.00

USD

826

(

3,111

)

U.S.

Treasury

30-Year

Bond

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

1

10/25/24

USD

130.00

USD

100

(

94

)

Adobe,

Inc.

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

1

11/15/24

USD

570.00

USD

52

(

420

)

Alphabet,

Inc.

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

4

11/15/24

USD

180.00

USD

67

(

1,118

)

Amazon.com,

Inc.

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

5

11/15/24

USD

215.00

USD

93

(

710

)

Amazon.com,

Inc.

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

19

11/15/24

USD

205.00

USD

354

(

5,795

)

Apple,

Inc.

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

3

11/15/24

USD

250.00

USD

70

(

783

)

Apple,

Inc.

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

35

11/15/24

USD

245.00

USD

816

(

13,825

)

Autodesk,

Inc.

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

1

11/15/24

USD

290.00

USD

28

(

450

)

Bank

of

America

Corp.

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

9

11/15/24

USD

44.00

USD

36

(

288

)

Broadcom,

Inc.

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

2

11/15/24

USD

210.00

USD

35

(

232

)

Danaher

Corp.

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

1

11/15/24

USD

290.00

USD

28

(

610

)

Delta

Air

Lines,

Inc.

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

4

11/15/24

USD

55.00

USD

20

(

494

)

Edwards

Lifesciences

Corp.

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

17

11/15/24

USD

80.00

USD

112

(

977

)

Goldman

Sachs

Group,

Inc.

(The)

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

1

11/15/24

USD

540.00

USD

50

(

567

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

28

Exchange-Traded

Options

Written

(continued)

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

JPMorgan

Chase

&

Co.

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

2

11/15/24

USD

230.00

USD

42

$

(

325

)

Meta

Platforms,

Inc.

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

1

11/15/24

USD

650.00

USD

57

(

932

)

Meta

Platforms,

Inc.

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

11

11/15/24

USD

680.00

USD

630

(

5,610

)

Micron

Technology,

Inc.

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

42

11/15/24

USD

140.00

USD

436

(

1,449

)

Microsoft

Corp.

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

2

11/15/24

USD

475.00

USD

86

(

590

)

NVIDIA

Corp.

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

9

11/15/24

USD

150.00

USD

109

(

1,049

)

NVIDIA

Corp.

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

12

11/15/24

USD

145.00

USD

146

(

2,113

)

NVIDIA

Corp.

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

17

11/15/24

USD

135.00

USD

206

(

6,205

)

NVIDIA

Corp.

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

38

11/15/24

USD

155.00

USD

461

(

3,002

)

Oracle

Corp.

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

3

11/15/24

USD

185.00

USD

51

(

399

)

SPDR

Gold

Shares

(a)

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

21

11/15/24

USD

270.00

USD

510

(

1,165

)

SPDR

Gold

Shares

(a)

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

22

11/15/24

USD

265.00

USD

535

(

1,936

)

Trane

Technologies

plc

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

1

11/15/24

USD

440.00

USD

39

(

182

)

UnitedHealth

Group,

Inc.

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

1

11/15/24

USD

640.00

USD

58

(

727

)

Vistra

Corp.

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

2

11/15/24

USD

150.00

USD

24

(

380

)

Walmart,

Inc.

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

48

11/15/24

USD

85.00

USD

388

(

4,440

)

Walt

Disney

Co.

(The)

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

2

11/15/24

USD

105.00

USD

19

(

332

)

Wells

Fargo

&

Co.

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

7

11/15/24

USD

60.00

USD

40

(

836

)

Adobe,

Inc.

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

2

12/20/24

USD

605.00

USD

104

(

1,195

)

Alphabet,

Inc.

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

9

12/20/24

USD

190.00

USD

150

(

1,881

)

Amazon.com,

Inc.

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

8

12/20/24

USD

220.00

USD

149

(

1,533

)

Amazon.com,

Inc.

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

12

12/20/24

USD

215.00

USD

224

(

3,133

)

Apple,

Inc.

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

6

12/20/24

USD

255.00

USD

140

(

1,821

)

Autodesk,

Inc.

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

2

12/20/24

USD

310.00

USD

55

(

780

)

Bank

of

America

Corp.

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

18

12/20/24

USD

45.00

USD

71

(

648

)

Broadcom,

Inc.

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

4

12/20/24

USD

210.00

USD

69

(

1,280

)

Cameco

Corp.

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

10

12/20/24

USD

60.00

USD

48

(

860

)

Charles

Schwab

Corp.

(The)

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

7

12/20/24

USD

75.00

USD

45

(

560

)

Chevron

Corp.

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

4

12/20/24

USD

165.00

USD

59

(

470

)

Costco

Wholesale

Corp.

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

1

12/20/24

USD

1,040.00

USD

89

(

420

)

Danaher

Corp.

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

2

12/20/24

USD

310.00

USD

56

(

530

)

Delta

Air

Lines,

Inc.

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

7

12/20/24

USD

55.00

USD

36

(

1,358

)

Eli

Lilly

&

Co.

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

1

12/20/24

USD

1,060.00

USD

89

(

1,250

)

Freeport-McMoRan,

Inc.

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

12

12/20/24

USD

60.00

USD

60

(

912

)

Goldman

Sachs

Group,

Inc.

(The)

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

2

12/20/24

USD

570.00

USD

99

(

696

)

iShares

China

Large-Cap

ETF

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

88

12/20/24

USD

38.00

USD

280

(

4,268

)

JPMorgan

Chase

&

Co.

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

4

12/20/24

USD

240.00

USD

84

(

483

)

Mastercard,

Inc.

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

2

12/20/24

USD

540.00

USD

99

(

820

)

Meta

Platforms,

Inc.

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

1

12/20/24

USD

650.00

USD

57

(

1,435

)

Meta

Platforms,

Inc.

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

11

12/20/24

USD

700.00

USD

630

(

7,041

)

Microsoft

Corp.

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

3

12/20/24

USD

480.00

USD

129

(

1,275

)

NextEra

Energy,

Inc.

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

9

12/20/24

USD

95.00

USD

76

(

1,215

)

NVIDIA

Corp.

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

12

12/20/24

USD

150.00

USD

146

(

4,381

)

Oracle

Corp.

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

6

12/20/24

USD

190.00

USD

102

(

1,875

)

Progressive

Corp.

(The)

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

5

12/20/24

USD

290.00

USD

127

(

1,125

)

ServiceNow,

Inc.

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

1

12/20/24

USD

1,060.00

USD

89

(

1,230

)

Thermo

Fisher

Scientific,

Inc.

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

1

12/20/24

USD

680.00

USD

62

(

730

)

Trane

Technologies

plc

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

2

12/20/24

USD

440.00

USD

78

(

940

)

UnitedHealth

Group,

Inc.

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

2

12/20/24

USD

640.00

USD

117

(

2,275

)

Valero

Energy

Corp.

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

3

12/20/24

USD

155.00

USD

41

(

718

)

Vistra

Corp.

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

3

12/20/24

USD

150.00

USD

36

(

1,200

)

Walmart,

Inc.

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

13

12/20/24

USD

90.00

USD

105

(

1,066

)

Walt

Disney

Co.

(The)

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

4

12/20/24

USD

105.00

USD

38

(

904

)

Wells

Fargo

&

Co.

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

14

12/20/24

USD

62.50

USD

79

(

1,477

)

SPDR

Gold

Shares

(a)

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

29

01/17/25

USD

285.00

USD

705

(

2,914

)

(

175,181

)

Put

ConocoPhillips

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

29

10/18/24

USD

100.00

USD

305

(

1,972

)

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

........

78

10/18/24

USD

76.00

USD

626

(

390

)

iShares

Russell

2000

ETF

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

4

10/18/24

USD

190.00

USD

88

(

54

)

JPMorgan

Chase

&

Co.

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

21

10/18/24

USD

190.00

USD

443

(

1,113

)

LVMH

Moet

Hennessy

Louis

Vuitton

SE

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

2

10/18/24

EUR

590.00

EUR

138

(

205

)

Shell

plc

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

28

10/18/24

EUR

30.00

EUR

83

(

1,387

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

29

Exchange-Traded

Options

Written

(continued)

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

SPDR

S&P

500

ETF

Trust

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

6

10/18/24

USD

510.00

USD

344

$

(

231

)

SPDR

S&P

500

ETF

Trust

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

15

10/18/24

USD

505.00

USD

861

(

525

)

Walt

Disney

Co.

(The)

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

17

10/18/24

USD

90.00

USD

164

(

518

)

Apple,

Inc.

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

25

10/25/24

USD

195.00

USD

583

(

587

)

SPDR

Gold

Shares

(a)

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

34

10/25/24

USD

225.00

USD

826

(

901

)

Boston

Scientific

Corp.

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

23

11/15/24

USD

72.50

USD

193

(

805

)

DR

Horton,

Inc.

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

13

11/15/24

USD

170.00

USD

248

(

3,705

)

Edwards

Lifesciences

Corp.

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

17

11/15/24

USD

60.00

USD

112

(

2,040

)

Fifth

Third

Bancorp

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

19

11/15/24

USD

37.00

USD

81

(

760

)

Home

Depot,

Inc.

(The)

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

3

11/15/24

USD

350.00

USD

122

(

531

)

JPMorgan

Chase

&

Co.

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

11

11/15/24

USD

185.00

USD

232

(

1,441

)

Meta

Platforms,

Inc.

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

11

11/15/24

USD

480.00

USD

630

(

6,077

)

Micron

Technology,

Inc.

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

42

11/15/24

USD

95.00

USD

436

(

11,634

)

SPDR

S&P

500

ETF

Trust

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

13

11/15/24

USD

500.00

USD

746

(

1,820

)

SPDR

S&P

500

ETF

Trust

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

67

11/15/24

USD

480.00

USD

3,844

(

6,298

)

Trane

Technologies

plc

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

7

11/15/24

USD

350.00

USD

272

(

2,940

)

Bank

of

America

Corp.

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

14

12/20/24

USD

36.00

USD

56

(

945

)

Capital

One

Financial

Corp.

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

8

12/20/24

USD

130.00

USD

120

(

2,160

)

Carrier

Global

Corp.

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

26

12/20/24

USD

67.50

USD

209

(

1,820

)

Costco

Wholesale

Corp.

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

4

12/20/24

USD

820.00

USD

355

(

5,520

)

Home

Depot,

Inc.

(The)

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

5

12/20/24

USD

345.00

USD

203

(

1,072

)

iShares

China

Large-Cap

ETF

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

88

12/20/24

USD

28.00

USD

280

(

5,192

)

Meta

Platforms,

Inc.

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

13

12/20/24

USD

470.00

USD

744

(

9,035

)

NVIDIA

Corp.

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

10

12/20/24

USD

100.00

USD

121

(

3,425

)

Fifth

Third

Bancorp

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

26

01/17/25

USD

37.00

USD

111

(

1,950

)

Humana,

Inc.

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

4

01/17/25

USD

310.00

USD

127

(

9,680

)

Shell

plc

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

45

01/17/25

USD

57.50

USD

297

(

3,150

)

(

89,883

)

$

(

265,064

)

(a)

All

or

a

portion

of

the

security

is

held

by

a

wholly-owned

subsidiary.

OTC

Currency

Options

Written

Description

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

USD

Currency

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

HSBC

Bank

plc

10/04/24

BRL

5.95

USD

42

$

—

USD

Currency

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

Morgan

Stanley

&

Co.

International

plc

10/09/24

MXN

19.10

USD

128

(

4,134

)

USD

Currency

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

Bank

of

America

NA

10/17/24

KRW

1,380.00

USD

40

(

9

)

USD

Currency

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

Deutsche

Bank

AG

11/12/24

BRL

6.00

USD

63

(

127

)

USD

Currency

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

Morgan

Stanley

&

Co.

International

plc

11/12/24

COP

4,500.00

USD

63

(

271

)

USD

Currency

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

Bank

of

America

NA

12/30/24

ZAR

17.60

USD

43

(

927

)

–

(

5,468

)

–

Put

USD

Currency

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

Goldman

Sachs

International

12/06/24

TRY

40.50

USD

59

(

6,292

)

–

$

(

11,760

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

30

OTC

Credit

Default

Swaptions

Written

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate/Reference

Rate/Reference

Frequency

Counterparty

Expiration

Date

Credit

Rating

(a)

Exercise

Price

Notional

Amount

(000)

(b)

Value

Call

Sold

Protection

on

5-Year

Credit

Default

Swap

.........

1

.00

%

Markit

CDX

North

American

Investment

Grade

Index

Series

42.V1

Quarterly

JPMorgan

Chase

Bank

NA

10/16/24

BBB+

USD

45.00

USD

665

$

(

142

)

Put

Sold

Protection

on

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

Investment

Grade

Index

Series

43.V1

1

.00

%

Quarterly

Goldman

Sachs

International

11/20/24

BBB+

USD

80.00

USD

910

(

272

)

Sold

Protection

on

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

43.V1

5

.00

Quarterly

Bank

of

America

NA

10/16/24

B+

USD

104.00

USD

140

(

49

)

Sold

Protection

on

5-Year

Credit

Default

Swap

.........

iTraxx

Europe

Crossover

Index

Series

41.V1

5

.00

Quarterly

Citibank

NA

10/16/24

BB-

EUR

400.00

EUR

816

(

298

)

Sold

Protection

on

5-Year

Credit

Default

Swap

.........

iTraxx

Europe

Crossover

Index

Series

42.V1

5

.00

Quarterly

Goldman

Sachs

International

10/16/24

BB-

EUR

425.00

EUR

165

(

78

)

(

697

)

$

(

839

)

(a)

Using

the

rating

of

the

issuer

or

the

underlying

securities

of

the

index,

as

applicable,

provided

by

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

a

negative

credit

event

take

place

as

defined

under

the

terms

of

the

agreement.

OTC

Interest

Rate

Swaptions

Written

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate

Frequency

Rate

Frequency

Counterparty

Expiration

Date

Exercise

Rate

Notional

Amount

(000)

Value

Call

5-Year

Interest

Rate

Swap

(a)

.

3.16%

Annual

1-day

SOFR

Annual

Nomura

International

plc

10/08/24

3

.16

%

USD

959

$

(

1,216

)

10-Year

Interest

Rate

Swap

(a)

3.16%

Annual

1-day

SOFR

Annual

Nomura

International

plc

10/08/24

3

.16

USD

646

(

468

)

10-Year

Interest

Rate

Swap

(a)

3.15%

Annual

1-day

SOFR

Annual

Citibank

NA

10/23/24

3

.15

USD

1,460

(

4,176

)

2-Year

Interest

Rate

Swap

(a)

.

3.30%

Semi-Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

NA

10/24/24

3

.30

USD

2,972

(

4,198

)

5-Year

Interest

Rate

Swap

(a)

.

3.30%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

10/25/24

3

.30

USD

1,107

(

7,510

)

5-Year

Interest

Rate

Swap

(a)

.

2.80%

Annual

1-day

SOFR

Annual

Citibank

NA

11/06/24

2

.80

USD

863

(

804

)

2-Year

Interest

Rate

Swap

(a)

.

3.05%

Annual

1-day

SOFR

Annual

Citibank

NA

11/06/24

3

.05

USD

1,726

(

1,560

)

5-Year

Interest

Rate

Swap

(a)

.

2.65%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

11/25/24

2

.65

USD

1,724

(

1,902

)

5-Year

Interest

Rate

Swap

(a)

.

2.90%

Annual

1-day

SOFR

Annual

Nomura

International

plc

12/03/24

2

.90

USD

927

(

3,096

)

5-Year

Interest

Rate

Swap

(a)

.

2.90%

Annual

1-day

SOFR

Annual

Deutsche

Bank

AG

12/04/24

2

.90

USD

471

(

1,606

)

2-Year

Interest

Rate

Swap

(a)

.

2.60%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

NA

12/17/24

2

.60

USD

1,837

(

1,516

)

5-Year

Interest

Rate

Swap

(a)

.

3.20%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

NA

12/17/24

3

.20

USD

1,884

(

17,922

)

5-Year

Interest

Rate

Swap

(a)

.

3.00%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

01/16/25

3

.00

USD

963

(

7,295

)

2-Year

Interest

Rate

Swap

(a)

.

3.20%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

01/16/25

3

.20

USD

1,926

(

9,290

)

5-Year

Interest

Rate

Swap

(a)

.

3.00%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

NA

01/16/25

3

.00

USD

936

(

7,090

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

31

OTC

Interest

Rate

Swaptions

Written

(continued)

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate

Frequency

Rate

Frequency

Counterparty

Expiration

Date

Exercise

Rate

Notional

Amount

(000)

Value

2-Year

Interest

Rate

Swap

(a)

.

3.20%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

NA

01/16/25

3

.20

%

USD

1,800

$

(

8,682

)

10-Year

Interest

Rate

Swap

(a)

2.25%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

01/23/25

2

.25

USD

1,947

(

1,937

)

5-Year

Interest

Rate

Swap

(a)

.

3.15%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

01/24/25

3

.15

USD

1,134

(

12,400

)

1-Year

Interest

Rate

Swap

(a)

.

3.15%

At

Termination

1-day

SOFR

At

Termination

Goldman

Sachs

International

02/10/25

3

.15

USD

5,074

(

10,362

)

5-Year

Interest

Rate

Swap

(a)

.

3.23%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

02/14/25

3

.23

USD

1,074

(

14,748

)

5-Year

Interest

Rate

Swap

(a)

.

2.70%

Annual

1-day

SOFR

Annual

Deutsche

Bank

AG

02/20/25

2

.70

USD

3,738

(

18,271

)

10-Year

Interest

Rate

Swap

(a)

2.75%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

NA

03/25/25

2

.75

USD

875

(

6,433

)

(

142,482

)

Put

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.90%

Annual

Deutsche

Bank

AG

11/07/24

3

.90

USD

1,269

(

170

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

TONAR

Annual

1.50%

Annual

Deutsche

Bank

AG

11/18/24

1

.50

JPY

381,215

—

10-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.67%

Annual

Deutsche

Bank

AG

12/23/24

3

.67

USD

1,354

(

6,765

)

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

4.00%

Annual

Deutsche

Bank

AG

01/17/25

4

.00

USD

846

(

963

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

4.30%

Annual

Deutsche

Bank

AG

01/17/25

4

.30

USD

1,926

(

343

)

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.23%

Annual

Goldman

Sachs

International

02/14/25

3

.23

USD

1,074

(

10,832

)

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.90%

Annual

Deutsche

Bank

AG

02/20/25

3

.90

USD

1,869

(

4,086

)

10-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.75%

Annual

Deutsche

Bank

AG

03/24/25

3

.75

USD

441

(

3,823

)

10-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.75%

Annual

JPMorgan

Chase

Bank

NA

03/25/25

3

.75

USD

875

(

7,625

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

4.60%

Annual

Morgan

Stanley

&

Co.

International

plc

06/13/25

4

.60

USD

1,851

(

891

)

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

4.40%

Annual

Goldman

Sachs

International

06/20/25

4

.40

USD

961

(

1,837

)

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

4.55%

Annual

Morgan

Stanley

&

Co.

International

plc

06/27/25

4

.55

USD

1,137

(

1,767

)

(

39,102

)

$

(

181,584

)

(a)

Forward

settling

swaption.

Centrally

Cleared

Credit

Default

Swaps

—

Buy

Protection

Reference

Obligation/Index

Financing

Rate

Paid

by

the

Fund

Payment

Frequency

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Avis

Budget

Car

Rental

LLC

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

5

.00

%

Quarterly

12/20/26

USD

90

$

(

5,296

)

$

(

5,772

)

$

476

Markit

CDX

North

American

Investment

Grade

Index

Series

39.V1

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

1

.00

Quarterly

12/20/27

USD

49

(

1,009

)

(

45

)

(

964

)

iTraxx

Europe

Crossover

Index

Series

40.V1

.

5

.00

Quarterly

12/20/28

EUR

374

(

32,838

)

(

25,888

)

(

6,950

)

iTraxx

Europe

Main

Index

Series

40.V1

.....

1

.00

Quarterly

12/20/28

EUR

16

(

365

)

(

286

)

(

79

)

Markit

CDX

North

American

High

Yield

Index

Series

42.V1

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

5

.00

Quarterly

06/20/29

USD

15

(

1,186

)

(

917

)

(

269

)

$

(

40,694

)

$

(

32,908

)

$

(

7,786

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

32

Centrally

Cleared

Credit

Defa

ul

t

Swaps

—

Sell

Protection

Reference

Obligation/Index

Financing

Rate

Received

by

the

Fund

Payment

Frequency

Termination

Date

Credit

Rating

(a)

Notional

Amount

(000)

(b)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

iTraxx

Europe

Crossover

Index

Series

38.V2

..

5

.00

%

Quarterly

12/20/27

BB-

EUR

328

$

33,385

$

(

7,013

)

$

40,398

Markit

CDX

North

American

High

Yield

Index

Series

39.V4

...........

5

.00

Quarterly

12/20/27

BB-

USD

149

11,136

5

11,131

Markit

CDX

North

American

High

Yield

Index

Series

41.V2

...........

5

.00

Quarterly

12/20/28

B+

USD

257

20,186

8,131

12,055

iTraxx

Europe

Crossover

Index

Series

41.V1

..

5

.00

Quarterly

06/20/29

BB-

EUR

199

20,683

13,261

7,422

$

85,390

$

14,384

$

71,006

(a)

Using

the

rating

of

the

issuer

or

the

underlying

securities

of

the

index,

as

applicable,

provided

by

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

a

negative

credit

event

take

place

as

defined

under

the

terms

of

the

agreement.

Centrally

Cleared

Interest

Rate

Swap

s

Paid

by

the

Fund

Received

by

the

Fund

Rate

Frequency

Rate

Frequency

Effective

Date

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

1-day

SOFR

At

Termination

5.45%

At

Termination

N/A

10/02/24

USD

24,066

$

(

1,079

)

$

2

$

(

1,081

)

28-day

MXIBTIIE

Monthly

9.79%

Monthly

N/A

02/04/25

MXN

10,972

(

1,642

)

—

(

1,642

)

10.47%

Monthly

28-day

MXIBTIIE

Monthly

N/A

08/06/25

MXN

4,574

(

1,028

)

—

(

1,028

)

9.71%

Monthly

28-day

MXIBTIIE

Monthly

N/A

09/22/25

MXN

481

15

—

15

0.28%

Annual

1-day

TONAR

Annual

N/A

03/09/26

JPY

221,465

1,379

—

1,379

8.02%

Quarterly

3-mo.

JIBAR

Quarterly

03/26/25

(a)

03/26/26

ZAR

3,567

(

2,021

)

—

(

2,021

)

1-day

SOFR

Annual

4.93%

Annual

N/A

04/26/26

USD

8,960

167,168

1,306

165,862

8.15%

Quarterly

3-mo.

JIBAR

Quarterly

05/07/25

(a)

05/07/26

ZAR

4,958

(

3,298

)

—

(

3,298

)

1-day

SOFR

Annual

4.50%

Annual

N/A

05/08/26

USD

1,923

21,042

—

21,042

1-day

SOFR

Annual

4.35%

Annual

N/A

07/22/26

USD

844

10,942

—

10,942

28-day

MXIBTIIE

Monthly

6.48%

Monthly

N/A

08/12/26

MXN

4,339

(

10,371

)

—

(

10,371

)

28-day

MXIBTIIE

Monthly

6.47%

Monthly

N/A

08/13/26

MXN

5,959

(

14,285

)

—

(

14,285

)

28-day

MXIBTIIE

Monthly

6.42%

Monthly

N/A

08/14/26

MXN

4,857

(

11,846

)

—

(

11,846

)

28-day

MXIBTIIE

Monthly

6.44%

Monthly

N/A

08/14/26

MXN

2,947

(

7,120

)

—

(

7,120

)

28-day

MXIBTIIE

Monthly

6.42%

Monthly

N/A

08/17/26

MXN

4,376

(

10,571

)

—

(

10,571

)

6.92%

Quarterly

3-mo.

JIBAR

Quarterly

09/23/25

(a)

09/23/26

ZAR

675

(

15

)

—

(

15

)

1-day

MIBOR

Semi-Annual

6.34%

Semi-Annual

N/A

03/20/27

INR

90,759

6,931

—

6,931

1-day

SOFR

Annual

4.73%

Annual

N/A

04/26/27

USD

10,332

315,541

4,812

310,729

1-day

SOFR

Annual

4.10%

Annual

05/30/25

(a)

05/30/27

USD

2,318

44,979

—

44,979

1-day

SOFR

Annual

4.15%

Annual

05/30/25

(a)

05/30/27

USD

2,318

47,156

—

47,156

1-day

SOFR

Annual

4.20%

Annual

10/23/25

(a)

10/23/27

USD

767

16,668

—

16,668

1-day

SOFR

Annual

4.00%

Annual

01/26/26

(a)

01/26/28

USD

1,832

32,426

—

32,426

3.45%

Annual

1-day

SOFR

Annual

01/26/26

(a)

01/26/28

USD

1,832

(

13,817

)

—

(

13,817

)

3.27%

Annual

1-day

SOFR

Annual

02/05/26

(a)

02/05/28

USD

1,845

(

7,891

)

—

(

7,891

)

1-day

SONIA

At

Termination

3.18%

At

Termination

02/10/27

(a)

02/10/28

GBP

6,479

(

19,090

)

—

(

19,090

)

1-day

SONIA

Annual

4.86%

Annual

N/A

06/20/28

GBP

490

25,550

—

25,550

28-day

MXIBTIIE

Monthly

9.13%

Monthly

N/A

08/15/28

MXN

7,754

6,499

—

6,499

1-day

SONIA

Annual

4.12%

Annual

N/A

11/17/28

GBP

463

4,410

—

4,410

1-day

SONIA

Annual

4.12%

Annual

N/A

11/21/28

GBP

464

4,567

—

4,567

6-mo.

EURIBOR

Semi-Annual

3.00%

Annual

N/A

03/05/29

EUR

1,180

61,991

—

61,991

1-day

MIBOR

Semi-Annual

6.26%

Semi-Annual

N/A

03/20/29

INR

25,946

2,826

—

2,826

1-day

MIBOR

Semi-Annual

6.30%

Semi-Annual

N/A

03/20/29

INR

31,712

4,010

—

4,010

1-day

SOFR

Annual

4.50%

Annual

N/A

04/26/29

USD

13,424

654,431

13,766

640,665

6-mo.

EURIBOR

Semi-Annual

2.90%

Annual

N/A

04/30/29

EUR

1,358

38,500

—

38,500

1-day

SOFR

Annual

4.00%

Annual

N/A

05/06/29

USD

1,931

50,086

—

50,086

6-mo.

EURIBOR

Semi-Annual

2.87%

Annual

N/A

06/11/29

EUR

985

28,346

—

28,346

0.02%

Annual

6-mo.

EURIBOR

Semi-Annual

N/A

08/26/31

EUR

762

124,278

—

124,278

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

33

Centrally

Cleared

Interest

Rate

Swaps

(continued)

Paid

by

the

Fund

Received

by

the

Fund

Rate

Frequency

Rate

Frequency

Effective

Date

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

1-day

ESTR

Annual

2.34%

Annual

01/19/28

(a)

01/19/33

EUR

576

$

2,887

$

—

$

2,887

3-mo.

JIBAR

Quarterly

9.90%

Quarterly

N/A

09/20/33

ZAR

1,080

6,637

—

6,637

3-mo.

JIBAR

Quarterly

9.90%

Quarterly

N/A

09/20/33

ZAR

2,161

13,267

—

13,267

3-mo.

JIBAR

Quarterly

9.92%

Quarterly

N/A

09/20/33

ZAR

1,080

6,725

—

6,725

1-day

MIBOR

Semi-Annual

6.34%

Semi-Annual

N/A

03/20/34

INR

16,693

3,564

—

3,564

1-day

MIBOR

Semi-Annual

6.35%

Semi-Annual

N/A

03/20/34

INR

16,693

3,705

—

3,705

1-day

SOFR

Annual

4.35%

Annual

N/A

04/26/34

USD

10,109

819,924

17,910

802,014

3.46%

Annual

1-day

SOFR

Annual

12/15/26

(a)

12/15/36

USD

374

(

3,234

)

—

(

3,234

)

4.25%

Annual

1-day

SOFR

Annual

N/A

09/29/43

USD

118

(

12,052

)

74

(

12,126

)

4.03%

Annual

1-day

SOFR

Annual

N/A

09/29/53

USD

3,470

(

401,228

)

956

(

402,184

)

3.65%

Annual

1-day

SOFR

Annual

N/A

11/03/53

USD

397

(

17,780

)

—

(

17,780

)

1-day

TONAR

Annual

1.45%

Annual

N/A

03/06/54

JPY

22,475

(

4,190

)

—

(

4,190

)

1-day

TONAR

Annual

1.45%

Annual

N/A

03/11/54

JPY

22,475

(

4,152

)

—

(

4,152

)

1-day

SOFR

Annual

4.07%

Annual

N/A

04/26/54

USD

396

53,944

1,683

52,261

$

2,033,684

$

40,509

$

1,993,175

(a)

Forward

swap.

Centrally

Cleared

Inflation

Swap

s

Paid

by

the

Fund

Received

by

the

Fund

Reference

Frequency

Rate

Frequency

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Harmonised

Index

of

Consumer

Prices

ex.

Tobacco

All

Items

Monthly

At

Termination

2.69%

At

Termination

08/15/32

EUR

110

$

4,438

$

—

$

4,438

OTC

Credit

Default

Swap

s

—

Buy

Protection

Reference

Obligation/Index

Financing

Rate

Paid

by

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

American

Airlines

Group,

Inc.

..

5

.00

%

Quarterly

JPMorgan

Chase

Bank

NA

12/20/24

USD

5

$

(

50

)

$

(

13

)

$

(

37

)

Pitney

Bowes,

Inc.

.........

1

.00

Quarterly

Citibank

NA

06/20/25

USD

10

(

14

)

629

(

643

)

Community

Health

Systems,

Inc.

5

.00

Quarterly

Goldman

Sachs

International

06/20/26

USD

5

30

401

(

371

)

BorgWarner,

Inc.

..........

1

.00

Quarterly

BNP

Paribas

SA

12/20/27

USD

10

(

178

)

89

(

267

)

Pitney

Bowes,

Inc.

.........

1

.00

Quarterly

Bank

of

America

NA

12/20/27

USD

10

467

1,722

(

1,255

)

Pitney

Bowes,

Inc.

.........

1

.00

Quarterly

Barclays

Bank

plc

12/20/27

USD

10

467

1,676

(

1,209

)

Xerox

Corp.

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

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

12/20/27

USD

10

619

755

(

136

)

Paramount

Global

.........

1

.00

Quarterly

Barclays

Bank

plc

06/20/28

USD

3

(

1

)

110

(

111

)

Paramount

Global

.........

1

.00

Quarterly

Barclays

Bank

plc

06/20/28

USD

3

(

1

)

102

(

103

)

Paramount

Global

.........

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/28

USD

15

(

4

)

495

(

499

)

Simon

Property

Group

LP

....

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/28

USD

30

(

600

)

513

(

1,113

)

UBS

Group

AG

...........

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/28

EUR

40

(

874

)

1,025

(

1,899

)

Boeing

Co.

(The)

..........

1

.00

Quarterly

Deutsche

Bank

AG

12/20/28

USD

100

913

(

413

)

1,326

Xerox

Corp.

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

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

12/20/28

USD

5

616

512

104

Boeing

Co.

(The)

..........

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/29

USD

100

1,460

1,133

327

DXC

Technology

Co.

.......

5

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/29

USD

5

(

803

)

(

529

)

(

274

)

DXC

Technology

Co.

.......

5

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/29

USD

10

(

1,607

)

(

1,197

)

(

410

)

Republic

of

Panama

........

1

.00

Quarterly

Citibank

NA

12/20/29

USD

25

701

815

(

114

)

Southwest

Airlines

Co.

......

1

.00

Quarterly

Citibank

NA

12/20/29

USD

45

(

162

)

(

63

)

(

99

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

34

OTC

Credit

Default

Swaps

—

Buy

Protection

(continued)

Reference

Obligation/Index

Financing

Rate

Paid

by

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Telecom

Italia

SpA

.........

1

.00

%

Quarterly

Goldman

Sachs

International

12/20/29

EUR

30

$

1,375

$

1,538

$

(

163

)

$

–

$

–

$

–

$

2,354

$

9,300

$

(

6,946

)

$

–

$

–

$

–

OTC

Credit

Default

Swap

s

—

Sell

Protection

Reference

Obligation/Index

Financing

Rate

Received

by

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Credit

Rating

(a)

Notional

Amount

(000)

(b)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Virgin

Media

Finance

plc

.

5

.00

%

Quarterly

Bank

of

America

NA

06/20/29

B-

EUR

18

$

1,046

$

682

$

364

Virgin

Media

Finance

plc

.

5

.00

Quarterly

Goldman

Sachs

International

06/20/29

B-

EUR

34

1,998

1,275

723

Virgin

Media

Finance

plc

.

5

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/29

B-

EUR

16

952

686

266

$

3,996

$

2,643

$

1,353

(a)

Using

the

rating

of

the

issuer

or

the

underlying

securities

of

the

index,

as

applicable,

provided

by

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

a

negative

credit

event

take

place

as

defined

under

the

terms

of

the

agreement.

OTC

Interest

Rate

Swaps

Paid

by

the

Fund

Received

by

the

Fund

Rate

Frequency

Rate

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

1-day

BZDIOVER

At

Termination

10.98%

At

Termination

Barclays

Bank

plc

01/02/25

BRL

7,189

$

503

$

—

$

503

1-day

BZDIOVER

At

Termination

11.02%

At

Termination

Barclays

Bank

plc

01/02/25

BRL

942

23

—

23

1-day

BZDIOVER

At

Termination

13.18%

At

Termination

JPMorgan

Chase

Bank

NA

01/02/25

BRL

3,325

15,988

—

15,988

1-day

BZDIOVER

At

Termination

13.21%

At

Termination

JPMorgan

Chase

Bank

NA

01/02/25

BRL

3,323

16,358

—

16,358

1-day

BZDIOVER

At

Termination

13.25%

At

Termination

Citibank

NA

01/02/25

BRL

1,748

8,871

—

8,871

1-day

BZDIOVER

At

Termination

9.40%

At

Termination

JPMorgan

Chase

Bank

NA

01/02/25

BRL

2,166

(

35,195

)

—

(

35,195

)

1-day

BZDIOVER

At

Termination

9.43%

At

Termination

JPMorgan

Chase

Bank

NA

01/02/25

BRL

2,362

(

37,860

)

—

(

37,860

)

9.73%

At

Termination

1-day

IBR

At

Termination

Morgan

Stanley

&

Co.

International

plc

05/10/25

COP

457,994

(

56

)

—

(

56

)

9.81%

At

Termination

1-day

IBR

At

Termination

JPMorgan

Chase

Bank

NA

05/10/25

COP

728,229

(

223

)

—

(

223

)

1-day

BZDIOVER

At

Termination

10.98%

At

Termination

BNP

Paribas

SA

07/01/25

BRL

1,240

(

1,157

)

—

(

1,157

)

1-day

BZDIOVER

At

Termination

11.83%

At

Termination

Barclays

Bank

plc

07/01/25

BRL

134

(

6

)

—

(

6

)

1-day

BZDIOVER

At

Termination

11.53%

At

Termination

BNP

Paribas

SA

01/02/26

BRL

914

(

1,229

)

—

(

1,229

)

1-day

BZDIOVER

At

Termination

12.16%

At

Termination

Barclays

Bank

plc

01/02/26

BRL

137

(

30

)

—

(

30

)

7.25%

Quarterly

1-day

IBR

Quarterly

Barclays

Bank

plc

09/25/26

COP

36,324

3

—

3

11.49%

At

Termination

1-day

BZDIOVER

At

Termination

BNP

Paribas

SA

01/04/27

BRL

792

2,316

—

2,316

11.57%

At

Termination

1-day

BZDIOVER

At

Termination

BNP

Paribas

SA

01/04/27

BRL

476

1,095

—

1,095

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

35

OTC

Interest

Rate

Swaps

(continued)

Paid

by

the

Fund

Received

by

the

Fund

Rate

Frequency

Rate

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

12.21%

At

Termination

1-day

BZDIOVER

At

Termination

Citibank

NA

01/04/27

BRL

110

$

43

$

—

$

43

1-day

BZDIOVER

At

Termination

10.00%

At

Termination

Bank

of

America

NA

01/04/27

BRL

1,081

(

13,472

)

—

(

13,472

)

1-day

BZDIOVER

At

Termination

10.07%

At

Termination

BNP

Paribas

SA

01/04/27

BRL

677

(

8,460

)

—

(

8,460

)

1-day

BZDIOVER

At

Termination

10.14%

At

Termination

Bank

of

America

NA

01/04/27

BRL

1,028

(

12,451

)

—

(

12,451

)

1-day

BZDIOVER

At

Termination

10.16%

At

Termination

Bank

of

America

NA

01/04/27

BRL

1,370

(

16,418

)

—

(

16,418

)

1-day

BZDIOVER

At

Termination

10.16%

At

Termination

BNP

Paribas

SA

01/04/27

BRL

1,314

(

15,732

)

—

(

15,732

)

1-day

BZDIOVER

At

Termination

10.16%

At

Termination

BNP

Paribas

SA

01/04/27

BRL

7

(

88

)

—

(

88

)

1-day

BZDIOVER

At

Termination

9.79%

At

Termination

BNP

Paribas

SA

01/04/27

BRL

523

(

5,824

)

—

(

5,824

)

4.34%

Semi-Annual

1-day

CLICP

Semi-Annual

Goldman

Sachs

International

09/13/27

CLP

70,775

(

27

)

—

(

27

)

4.28%

Semi-Annual

1-day

CLICP

Semi-Annual

Barclays

Bank

plc

09/25/27

CLP

12,312

13

—

13

$

(

103,015

)

$

—

$

(

103,015

)

OTC

Total

Return

Swaps

Paid

by

the

Fund

Received

by

the

Fund

Rate/Reference

Frequency

Rate/Reference

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

0.00%

...........

At

Termination

Citi

Equity

US

1W

Volatility

Carry

Index

At

Termination

Citibank

NA

12/20/24

USD

65

$

210

$

—

$

210

1-day

SOFR

minus

0.30%

.........

At

Termination

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

At

Termination

JPMorgan

Chase

Bank

NA

12/20/24

USD

5

(

151

)

—

(

151

)

1-day

SOFR

plus

0.40%

At

Termination

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

At

Termination

BNP

Paribas

SA

12/20/24

USD

5

(

305

)

—

(

305

)

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

Quarterly

1-day

SOFR

minus

0.60%

At

Termination

Goldman

Sachs

International

12/20/24

USD

3

1,404

—

1,404

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

Quarterly

1-day

SOFR

minus

0.60%

At

Termination

JPMorgan

Chase

Bank

NA

12/20/24

USD

7

3,746

—

3,746

$

4,904

$

—

$

4,904

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

36

(a)

The

Fund

receives

the

total

return

on

a

portfolio

of

long

positions

underlying the

total

return

swap.

The

Fund

pays

the

total

return

on

a

portfolio

of

short

positions

underlying

the

total

return

swap.

In

addition,

the

Fund

pays

or

receives

a

variable

rate

of

interest,

based

on

a

specified

benchmark.

The

benchmark

and

spread

are

determined

based

upon

the

country

and/or

currency

of

the

individual

underlying

positions.

The

following

are

the

specified

benchmarks

(plus

or

minus

a

range)

used

in

determining

the

variable

rate

of

interest:

OTC

Total

Return

Swaps

Reference

Entity

Payment

Frequency

Counterparty

(a)

Termination

Date

Net

Notional

Accrued

Unrealized

Appreciation

(Depreciation)

Net

Value

of

Reference

Entity

Gross

Notional

Amount

Net

Asset

Percentage

Equity

Securities

Long/Short

...

Monthly

Barclays

Bank

plc

(b)

07/25/25

$

5,354

$

549

(c)

$

5,927

0

.0

%

Monthly

Citibank

NA

(d)

02/24/28

(

4,010,805

)

(

81,700

)

(e)

(

4,095,345

)

2

.7

Monthly

JPMorgan

Chase

Bank

NA

(f)

11/12/24

(

1,572,026

)

(

167,903

)

(g)

(

1,743,325

)

1

.1

$

(

249,054

)

$

(

5,832,743

)

(b)

(d)

(f)

Range:

20

basis

points

10-1,200

basis

points

15-1,096

basis

points

Benchmarks:

USD

-

1D

Overnight

Bank

Funding

Rate

(OBFR01)

USD

-

1D

Overnight

Bank

Funding

Rate

(OBFR01)

USD

-

1D

Overnight

Bank

Funding

Rate

(OBFR01)

(b)

Barclays

Bank

(c)

Amount

includes

$(24)

of

net

dividends

and

financing

fees.

(d)

CitiBank

NA

(e)

Amount

includes

$2,840

of

net

dividends

and

financing

fees.

(f)

JPMChase

(g)

Amount

includes

$3,396

of

net

dividends

and

financing

fees.

The

following

table

represents

the

individual

long

positions

and

related

values

of

equity

securities

underlying

the

total

return

swap

with

Barclays

Bank

plc,

as

of

period

end,

termination

date

July

25,

2025:

Shares

Value

%

of

Basket

Value

Reference

Entity

—

Long

Common

Stocks

United

States

AMC

Networks,

Inc.

,

Class

A

..

682

$

5,927

100

.0

%

Net

Value

of

Reference

Entity

—

Barclays

Bank

plc

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

$

5,927

The

following

table

represents

the

individual

short

positions

and

related

values

of

equity

securities

underlying

the

total

return

swap

with

Citibank

NA,

as

of

period

end,

termination

date

February

24,

2028:

Shares

Value

%

of

Basket

Value

Reference

Entity

—

Short

Common

Stocks

Belgium

Solvay

SA

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

(

18

)

(

705

)

0.0

UCB

SA

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

(

350

)

(

63,181

)

1

.6

(

63,886

)

Brazil

BRF

SA

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

(

1,046

)

(

4,553

)

0

.1

Localiza

Rent

a

Car

SA

.....

(

250

)

(

1,893

)

0

.1

NU

Holdings

Ltd.

,

Class

A

....

(

1,377

)

(

18,796

)

0

.5

Sendas

Distribuidora

SA

....

(

4,324

)

(

5,961

)

0

.1

WEG

SA

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

(

3,019

)

(

30,269

)

0

.7

(

61,472

)

Shares

Value

%

of

Basket

Value

China

Agricultural

Bank

of

China

Ltd.

,

Class

H

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

(

26,000

)

$

(

12,131

)

0

.3

%

Anhui

Conch

Cement

Co.

Ltd.

,

Class

H

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

(

5,500

)

(

16,038

)

0

.4

Baidu,

Inc.

,

Class

A

........

(

1,550

)

(

20,379

)

0

.5

China

Resources

Power

Holdings

Co.

Ltd.

.......

(

18,932

)

(

51,036

)

1

.2

CRRC

Corp.

Ltd.

,

Class

H

...

(

25,000

)

(

16,272

)

0

.4

New

Oriental

Education

&

Technology

Group,

Inc.

...

(

1,700

)

(

12,974

)

0

.3

Postal

Savings

Bank

of

China

Co.

Ltd.

,

Class

H

.......

(

80,000

)

(

47,282

)

1

.2

Zijin

Mining

Group

Co.

Ltd.

,

Class

H

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

(

14,000

)

(

31,257

)

0

.8

(

207,369

)

Denmark

Coloplast

A/S

,

Class

B

......

(

512

)

(

66,737

)

1

.6

Finland

Metso

OYJ

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

(

121

)

(

1,294

)

0.0

Neste

OYJ

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

(

747

)

(

14,512

)

0

.4

(

15,806

)

France

Alstom

SA

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

(

2,261

)

(

46,977

)

1

.1

Teleperformance

SE

.......

(

240

)

(

24,828

)

0

.6

Worldline

SA

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

(

2,028

)

(

14,777

)

0

.4

(

86,582

)

Germany

thyssenkrupp

AG

.........

(

9,737

)

(

37,725

)

0

.9

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

37

Shares

Value

%

of

Basket

Value

Italy

DiaSorin

SpA

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

(

306

)

$

(

35,780

)

0

.9

%

Nexi

SpA

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

(

5,943

)

(

40,378

)

1

.0

Telecom

Italia

SpA

........

(

199,285

)

(

55,407

)

1

.3

(

131,565

)

Japan

Advantest

Corp.

..........

(

200

)

(

9,406

)

0

.2

Bandai

Namco

Holdings,

Inc.

.

(

346

)

(

7,895

)

0

.2

DMG

Mori

Co.

Ltd.

........

(

1,142

)

(

24,359

)

0

.6

Kobe

Bussan

Co.

Ltd.

......

(

400

)

(

12,475

)

0

.3

Koito

Manufacturing

Co.

Ltd.

..

(

2,200

)

(

30,609

)

0

.8

MatsukiyoCocokara

&

Co.

...

(

2,200

)

(

36,246

)

0

.9

Mercari,

Inc.

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

(

3,953

)

(

68,999

)

1

.7

MonotaRO

Co.

Ltd.

........

(

1,000

)

(

16,675

)

0

.4

Nippon

Express

Holdings,

Inc.

.

(

657

)

(

34,602

)

0

.8

Nissan

Chemical

Corp.

.....

(

700

)

(

25,129

)

0

.6

Nissan

Motor

Co.

Ltd.

......

(

5,100

)

(

14,487

)

0

.4

Olympus

Corp.

...........

(

657

)

(

12,489

)

0

.3

Rakuten

Group,

Inc.

.......

(

13,300

)

(

85,817

)

2

.1

Recruit

Holdings

Co.

Ltd.

....

(

899

)

(

54,617

)

1

.3

Sanrio

Co.

Ltd.

...........

(

1,000

)

(

28,820

)

0

.7

Sharp

Corp.

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

(

500

)

(

3,325

)

0

.1

SoftBank

Group

Corp.

......

(

100

)

(

5,932

)

0

.1

Square

Enix

Holdings

Co.

Ltd.

.

(

96

)

(

3,811

)

0

.1

SUMCO

Corp.

...........

(

8,900

)

(

96,262

)

2

.4

Sumitomo

Chemical

Co.

Ltd.

..

(

29,064

)

(

82,982

)

2

.0

Suzuki

Motor

Corp.

........

(

2,154

)

(

24,254

)

0

.6

Taisei

Corp.

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

(

939

)

(

41,234

)

1

.0

Tokyo

Ohka

Kogyo

Co.

Ltd.

..

(

617

)

(

15,172

)

0

.4

(

735,597

)

Netherlands

OCI

NV

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

(

390

)

(

11,119

)

0

.3

Norway

Salmar

ASA

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

(

512

)

(

26,854

)

0

.6

Poland

ORLEN

SA

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

(

2,740

)

(

39,771

)

1

.0

Singapore

Seatrium

Ltd.

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

(

3,100

)

(

4,294

)

0

.1

South

Korea

LG

Energy

Solution

Ltd.

.....

(

72

)

(

22,715

)

0

.6

POSCO

Future

M

Co.

Ltd.

...

(

93

)

(

17,723

)

0

.4

(

40,438

)

Spain

Grifols

SA

,

Class

A

........

(

9,018

)

(

102,488

)

2

.5

Sweden

Beijer

Ref

AB

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

(

174

)

(

2,865

)

0

.1

EQT

AB

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

(

839

)

(

28,801

)

0

.7

Telefonaktiebolaget

LM

Ericsson

,

Class

B

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

(

4,497

)

(

33,981

)

0

.8

(

65,647

)

Switzerland

Baloise

Holding

AG

(Registered)

(

64

)

(

13,088

)

0

.3

Clariant

AG

(Registered)

....

(

610

)

(

9,245

)

0

.2

DSM-Firmenich

AG

........

(

97

)

(

13,387

)

0

.3

Swatch

Group

AG

(The)

.....

(

234

)

(

50,176

)

1

.2

Swiss

Life

Holding

AG

(Registered)

...........

(

135

)

(

112,962

)

2

.8

Temenos

AG

(Registered)

...

(

428

)

(

29,966

)

0

.8

(

228,824

)

Shares

Value

%

of

Basket

Value

Taiwan

Chailease

Holding

Co.

Ltd.

...

(

1,653

)

$

(

8,419

)

0

.2

%

Formosa

Plastics

Corp.

.....

(

21,000

)

(

35,399

)

0

.8

Fubon

Financial

Holding

Co.

Ltd.

(

8,212

)

(

23,380

)

0

.6

(

67,198

)

United

Kingdom

Entain

plc

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

(

5,272

)

(

53,865

)

1

.3

Rentokil

Initial

plc

.........

(

7,965

)

(

38,948

)

0

.9

St

James's

Place

plc

.......

(

3,153

)

(

30,975

)

0

.8

(

123,788

)

United

States

Air

Products

&

Chemicals,

Inc.

(

226

)

(

67,289

)

1

.6

Albemarle

Corp.

..........

(

884

)

(

83,724

)

2

.0

APA

Corp.

..............

(

1,024

)

(

25,047

)

0

.6

Bath

&

Body

Works,

Inc.

....

(

734

)

(

23,429

)

0

.6

Bio-Rad

Laboratories,

Inc.

,

Class

A

..................

(

56

)

(

18,736

)

0

.5

Celanese

Corp.

..........

(

454

)

(

61,726

)

1

.5

Charles

River

Laboratories

International,

Inc.

.......

(

200

)

(

39,394

)

1

.0

Charter

Communications,

Inc.

,

Class

A

..............

(

496

)

(

160,744

)

3

.9

Coinbase

Global,

Inc.

,

Class

A

(

143

)

(

25,478

)

0

.6

Constellation

Brands,

Inc.

,

Class

A

..................

(

157

)

(

40,457

)

1

.0

Corteva,

Inc.

............

(

199

)

(

11,699

)

0

.3

Enphase

Energy,

Inc.

.......

(

412

)

(

46,564

)

1

.1

EQT

Corp.

..............

(

2,814

)

(

103,105

)

2

.5

FedEx

Corp.

............

(

439

)

(

120,146

)

2

.9

First

Solar,

Inc.

...........

(

384

)

(

95,785

)

2

.3

FMC

Corp.

..............

(

571

)

(

37,652

)

0

.9

GE

HealthCare

Technologies,

Inc.

.................

(

1,974

)

(

185,260

)

4

.5

Hershey

Co.

(The)

........

(

381

)

(

73,068

)

1

.8

Iron

Mountain,

Inc.

........

(

68

)

(

8,080

)

0

.2

Lamb

Weston

Holdings,

Inc.

..

(

1,333

)

(

86,298

)

2

.1

Martin

Marietta

Materials,

Inc.

.

(

30

)

(

16,148

)

0

.4

Norfolk

Southern

Corp.

.....

(

280

)

(

69,580

)

1

.7

Paycom

Software,

Inc.

......

(

67

)

(

11,160

)

0

.3

Ralph

Lauren

Corp.

........

(

202

)

(

39,162

)

1

.0

Revvity,

Inc.

.............

(

42

)

(

5,365

)

0

.1

Smurfit

WestRock

plc

......

(

1,100

)

(

54,362

)

1

.3

Solventum

Corp.

..........

(

676

)

(

47,131

)

1

.2

Southwest

Airlines

Co.

......

(

3,060

)

(

90,668

)

2

.2

Starbucks

Corp.

..........

(

169

)

(

16,476

)

0

.4

Super

Micro

Computer,

Inc.

..

(

143

)

(

59,545

)

1

.5

Tapestry,

Inc.

............

(

2,184

)

(

102,604

)

2

.5

Viatris,

Inc.

..............

(

734

)

(

8,522

)

0

.2

Walgreens

Boots

Alliance,

Inc.

(

14,483

)

(

129,768

)

3

.2

Waters

Corp.

............

(

28

)

(

10,077

)

0

.3

(

1,974,249

)

Preferred

Securities

Germany

Sartorius

AG

(Preference)

...

(

14

)

(

3,936

)

0

.1

Total

Reference

Entity

—

Short

............

(

4,095,345

)

Net

Value

of

Reference

Entity

—

Citibank

NA

..

$

(

4,095,345

)

The

following

table

represents

the

individual

long

and

short

positions

and

related

values

of

equity

securities

underlying

the

total

return

swap

with

JPMorgan

Chase

Bank

NA,

as

of

period

end,

termination

date

November

12,

2024:

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

38

Shares

Value

%

of

Basket

Value

Reference

Entity

—

Long

Common

Stocks

United

States

AMC

Networks,

Inc.

,

Class

A

..

381

$

3,311

(

0

.2

)

%

Eagle

Bancorp,

Inc.

........

262

5,916

(

0

.3

)

New

York

Community

Bancorp,

Inc.

.................

4,576

51,388

(

3

.0

)

60,615

Reference

Entity

—

Short

Investment

Companies

United

States

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

(

1,666

)

(

188,225

)

10

.8

Vanguard

Intermediate-Term

Corporate

Bond

ETF

.....

(

1,328

)

(

111,220

)

6

.4

(

299,445

)

Common

Stocks

Australia

CAR

Group

Ltd.

..........

(

581

)

(

15,028

)

0

.9

Dexus

.................

(

4,220

)

(

22,018

)

1

.3

IDP

Education

Ltd.

........

(

875

)

(

9,586

)

0

.5

Lynas

Rare

Earths

Ltd.

.....

(

21,192

)

(

116,271

)

6

.7

Mineral

Resources

Ltd.

.....

(

4,116

)

(

146,750

)

8

.4

Pro

Medicus

Ltd.

..........

(

481

)

(

59,204

)

3

.4

SEEK

Ltd.

..............

(

3,190

)

(

54,607

)

3

.1

Treasury

Wine

Estates

Ltd.

...

(

5,269

)

(

43,498

)

2

.5

WiseTech

Global

Ltd.

.......

(

642

)

(

60,795

)

3

.5

(

527,757

)

Brazil

BRF

SA

................

(

3,394

)

(

14,772

)

0

.8

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

SABESP

.............

(

740

)

(

12,261

)

0

.7

Cosan

SA

..............

(

5,334

)

(

12,826

)

0

.7

Localiza

Rent

a

Car

SA

.....

(

11,461

)

(

86,783

)

5

.0

Natura

&

Co.

Holding

SA

....

(

4,549

)

(

11,732

)

0

.7

(

138,374

)

Canada

Power

Corp.

of

Canada

.....

(

184

)

(

5,804

)

0

.3

China

PICC

Property

&

Casualty

Co.

Ltd.

,

Class

H

..........

(

40,000

)

(

59,211

)

3

.4

Postal

Savings

Bank

of

China

Co.

Ltd.

,

Class

H

.......

(

4,000

)

(

2,364

)

0

.1

Shandong

Gold

Mining

Co.

Ltd.

,

Class

H

..............

(

7,500

)

(

16,733

)

1

.0

(

78,308

)

Finland

Metso

OYJ

..............

(

977

)

(

10,446

)

0

.6

France

Sartorius

Stedim

Biotech

....

(

239

)

(

50,042

)

2

.9

Italy

Telecom

Italia

SpA

........

(

102,277

)

(

28,436

)

1

.6

Japan

Lasertec

Corp.

...........

(

91

)

(

15,172

)

0

.9

Mercari,

Inc.

.............

(

911

)

(

15,902

)

0

.9

Olympus

Corp.

...........

(

1,037

)

(

19,713

)

1

.1

Rakuten

Group,

Inc.

.......

(

89

)

(

574

)

0.0

Shares

Value

%

of

Basket

Value

Japan

(continued)

Sharp

Corp.

.............

(

4,700

)

$

(

31,258

)

1

.8

%

Shinko

Electric

Industries

Co.

Ltd.

................

(

1,300

)

(

49,717

)

2

.9

Square

Enix

Holdings

Co.

Ltd.

.

(

244

)

(

9,686

)

0

.6

(

142,022

)

Poland

InPost

SA

..............

(

1,592

)

(

30,057

)

1

.7

Singapore

SATS

Ltd.

..............

(

7,400

)

(

20,787

)

1

.2

South

Africa

Impala

Platinum

Holdings

Ltd.

.

(

9,405

)

(

52,712

)

3

.0

South

Korea

Delivery

Hero

SE

.........

(

2,693

)

(

108,984

)

6

.2

POSCO

Future

M

Co.

Ltd.

...

(

125

)

(

23,822

)

1

.4

POSCO

Holdings,

Inc.

......

(

52

)

(

15,266

)

0

.9

(

148,072

)

Sweden

Beijer

Ref

AB

............

(

1,590

)

(

26,177

)

1

.5

Switzerland

Bachem

Holding

AG

.......

(

436

)

(

36,755

)

2

.1

Baloise

Holding

AG

(Registered)

(

14

)

(

2,863

)

0

.2

Tecan

Group

AG

(Registered)

.

(

104

)

(

34,177

)

1

.9

(

73,795

)

United

Kingdom

Ocado

Group

plc

.........

(

5,827

)

(

30,050

)

1

.7

United

States

Air

Transport

Services

Group,

Inc.

.................

(

187

)

(

3,028

)

0

.2

Albemarle

Corp.

..........

(

28

)

(

2,652

)

0

.1

Atlantic

Union

Bankshares

Corp.

(

120

)

(

4,520

)

0

.3

Brandywine

Realty

Trust

....

(

41

)

(

223

)

0.0

BXP,

Inc.

...............

(

20

)

(

1,609

)

0

.1

Celanese

Corp.

..........

(

64

)

(

8,702

)

0

.5

Community

Financial

System,

Inc.

.................

(

111

)

(

6,446

)

0

.4

CVB

Financial

Corp.

.......

(

288

)

(

5,132

)

0

.3

Enphase

Energy,

Inc.

.......

(

15

)

(

1,695

)

0

.1

Frontier

Communications

Parent,

Inc.

.................

(

293

)

(

10,410

)

0

.6

Independent

Bank

Group,

Inc.

.

(

140

)

(

8,072

)

0

.5

Lamb

Weston

Holdings,

Inc.

..

(

77

)

(

4,985

)

0

.3

Landbridge

Co.

LLC

,

Class

A

.

(

495

)

(

19,364

)

1

.1

Provident

Financial

Services,

Inc.

.................

(

410

)

(

7,610

)

0

.4

Revvity,

Inc.

.............

(

283

)

(

36,153

)

2

.1

ServisFirst

Bancshares,

Inc.

..

(

98

)

(

7,884

)

0

.4

Simon

Property

Group,

Inc.

..

(

38

)

(

6,423

)

0

.4

(

134,908

)

Preferred

Securities

Germany

Sartorius

AG

(Preference)

...

(

24

)

(

6,748

)

0

.4

Total

Reference

Entity

—

Short

............

(

1,803,940

)

Net

Value

of

Reference

Entity

—

JPMorgan

Chase

Bank

NA

............................

$

(

1,743,325

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

39

Fair

Value

Hierarchy

as

of

Period

End

Various

inputs

are

used

in

determining

the

fair

value

of

financial

instruments

at

the

measurement

date.

These

inputs

to

valuation

techniques

are

categorized

into

a

fair

value

hierarchy

consisting

of

three

broad

levels

for

financial

reporting

purposes

as

follows:

Level

1

—

Unadjusted

price

quotations

in

active

markets/exchanges

that

the

Fund

has

the

ability

to

access

for

identical,

unrestricted

assets

or

liabilities;

Level

2

—

Inputs

other

than

quoted

prices

included

within

level

1

that

are

observable

for

the

asset

or

liability,

either

directly

or

indirectly;

and

Level

3

—

Inputs

that

are

unobservable

and

significant

to the

entire

fair

value

measurement

for

the asset

or

liability (including

the

Valuation

Committee's

assumptions

used

in

determining

the

fair

value

of

financial

instruments).

The

hierarchy

gives

the

highest

priority

to

unadjusted

quoted

prices

in

active

markets

for

identical

assets

or

liabilities

(Level

1

measurements)

and

the

lowest

priority

to

unobservable

inputs

(Level

3

measurements).

Accordingly,

the

degree

of

judgment

exercised

in

determining

fair

value

is

greatest

for

instruments

categorized

in

Level

3.

The

inputs

used

to

measure

fair

value

may

fall

into

different

levels

of

the

fair

value

hierarchy.

In

such

cases,

for

disclosure

purposes,

the

fair

value

hierarchy

classification

is

determined

based

on

the

lowest

level

input

that

is

significant

to

the

fair

value

measurement

in

its

entirety.

Investments

classified

within

Level

3

have

significant

unobservable

inputs

used

by

the

Valuation

Committee

in

determining

the

price

for

Fair

Valued

Investments.

Level

3

investments

include

equity

or

debt

issued

by

privately

held

companies

or

funds.

There

may

not

be

a

secondary

market,

and/

or

there

are

a

limited

number

of

investors.

The

categorization

of

a

value

determined

for

financial

instruments

is

based

on

the

pricing

transparency

of

the

financial

instruments

and

is

not

necessarily

an

indication

of

the

risks

associated

with

investing

in

those

securities.

For

information

about

the

Fund’s

policy

regarding

valuation

of

financial

instruments,

refer

to

its

most

recent

financial

statements.

Certain

investments

of

the

Fund

were

fair

valued

using

net

asset

value

("NAV")

as

a

practical

expedient

as

no

quoted

market

value

is

available

and

therefore

have

been

excluded

from

the

fair

value

hierarchy.

The

following

table

summarizes

the

Fund’s

financial

instruments

categorized

in

the

fair

value

hierarchy.

The

breakdown

of

the

Fund's

financial

instruments

into

major

categories

is

disclosed

in

the

Consolidated

Schedule

of

Investments

above.

The

following

reference

rates,

and

their

values

as

of

period

end,

are

used

for

security

descriptions:

Reference

Index

Reference

Rate

1-day

BZDIOVER

.....................................

Overnight

Brazil

CETIP

—

Interbank

Rate

0

.04

%

1-day

CLICP

.........................................

Chile

Indice

de

Camara

Promedio

Interbank

Overnight

Index

0

.05

1-day

ESTR

.........................................

Euro

Short-Term

Rate

3

.41

1-day

IBR

...........................................

Colombian

Reference

Banking

Indicator

10

.08

1-day

MIBOR

........................................

Mumbai

Interbank

Offered

Rate

6

.76

1-day

SOFR

.........................................

Secured

Overnight

Financing

Rate

5

.16

1-day

SONIA

.........................................

Sterling

Overnight

Index

Average

4

.95

1-day

TONAR

........................................

Tokyo

Overnight

Average

Rate

0

.23

28-day

MXIBTIIE

......................................

Mexico

Interbank

TIIE

28-Day

10

.74

3-mo.

JIBAR

.........................................

Johannesburg

Interbank

Average

Rate

8

.05

6-mo.

EURIBOR

......................................

Euro

Interbank

Offered

Rate

3

.11

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Asset-Backed

Securities

Cayman

Islands

........................................

$

—

$

401,287

$

—

$

401,287

Ireland

..............................................

—

900,815

—

900,815

United

Kingdom

........................................

—

20,632

—

20,632

United

States

..........................................

—

1,138,658

186,760

1,325,418

Common

Stocks

Australia

.............................................

—

896,913

1

896,914

Belgium

.............................................

—

51,097

—

51,097

Brazil

...............................................

238,883

—

—

238,883

Cambodia

............................................

—

3,802

—

3,802

Canada

.............................................

2,107,738

—

—

2,107,738

Cayman

Islands

........................................

—

—

10,746

10,746

China

...............................................

121,282

1,817,886

—

1,939,168

Colombia

............................................

2,761

—

—

2,761

Czech

Republic

........................................

2,582

4,583

—

7,165

Denmark

.............................................

—

961,748

—

961,748

Finland

..............................................

—

68,972

—

68,972

France

..............................................

—

2,993,167

—

2,993,167

Georgia

.............................................

3,292

—

—

3,292

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

40

Level

1

Level

2

Level

3

Total

Germany

............................................

$

—

$

1,324,387

$

—

$

1,324,387

Greece

..............................................

3,997

15,677

—

19,674

Hong

Kong

...........................................

—

326,336

—

326,336

Hungary

.............................................

—

14,101

—

14,101

India

...............................................

—

269,675

—

269,675

Indonesia

............................................

57,354

64,053

—

121,407

Ireland

..............................................

12,532

71,843

—

84,375

Italy

................................................

—

1,932,184

—

1,932,184

Japan

...............................................

—

4,878,640

—

4,878,640

Jordan

..............................................

—

22,186

—

22,186

Kazakhstan

...........................................

9,857

—

—

9,857

Macau

..............................................

—

41,220

—

41,220

Malaysia

.............................................

—

9,352

—

9,352

Mexico

..............................................

174,921

—

—

174,921

Netherlands

...........................................

271,340

2,555,187

—

2,826,527

New

Zealand

..........................................

—

35,351

—

35,351

Norway

..............................................

—

90,717

—

90,717

Peru

................................................

63,520

—

—

63,520

Philippines

...........................................

7,738

19,572

—

27,310

Poland

..............................................

—

52,340

—

52,340

Portugal

.............................................

6,951

—

—

6,951

Saudi

Arabia

..........................................

5,111

45,159

—

50,270

Singapore

............................................

4,620

18,153

—

22,773

South

Africa

...........................................

20,576

38,051

—

58,627

South

Korea

..........................................

—

689,638

—

689,638

Spain

...............................................

—

1,063,123

—

1,063,123

Sweden

.............................................

85,736

326,642

—

412,378

Switzerland

...........................................

251,305

495,799

—

747,104

Taiwan

..............................................

—

1,737,823

—

1,737,823

Thailand

.............................................

12,524

5,834

—

18,358

Turkey

..............................................

8,112

7,561

—

15,673

United

Arab

Emirates

....................................

—

—

—

—

United

Kingdom

........................................

112,491

3,364,852

—

3,477,343

United

States

..........................................

62,330,339

1,250,174

1,061,077

64,641,590

Zambia

..............................................

2,277

—

—

2,277

Corporate

Bonds

Australia

.............................................

—

7,454

174,167

181,621

Austria

..............................................

—

203,958

—

203,958

Canada

.............................................

—

521,400

—

521,400

China

...............................................

—

82,177

—

82,177

France

..............................................

—

918,222

—

918,222

Germany

............................................

—

1,277,145

—

1,277,145

India

...............................................

—

197,854

—

197,854

Israel

...............................................

—

110,300

—

110,300

Italy

................................................

—

1,080,076

—

1,080,076

Japan

...............................................

—

113,263

—

113,263

Jersey,

Channel

Islands

...................................

—

274,444

264,455

538,899

Luxembourg

..........................................

—

321,179

24,587

345,766

Netherlands

...........................................

—

508,388

—

508,388

Spain

...............................................

—

321,941

—

321,941

Sweden

.............................................

—

84,043

—

84,043

Switzerland

...........................................

—

202,381

—

202,381

Thailand

.............................................

—

198,250

—

198,250

United

Kingdom

........................................

—

2,138,143

68,379

2,206,522

United

States

..........................................

—

5,594,658

1,618,212

7,212,870

Fixed

Rate

Loan

Interests

..................................

—

—

61,121

61,121

Floating

Rate

Loan

Interests

France

..............................................

—

361,145

—

361,145

Germany

............................................

—

60,040

—

60,040

Jersey,

Channel

Islands

...................................

—

—

110,826

110,826

Netherlands

...........................................

—

538,216

165,155

703,371

Spain

...............................................

—

201,205

—

201,205

United

Kingdom

........................................

—

269,852

—

269,852

United

States

..........................................

—

960,836

550,342

1,511,178

Fair

Value

Hierarchy

as

of

Period

End

(continued)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

41

Level

1

Level

2

Level

3

Total

Foreign

Agency

Obligations

.................................

$

—

$

136,571

$

—

$

136,571

Foreign

Government

Obligations

..............................

—

4,934,658

—

4,934,658

Investment

Companies

....................................

4,441,099

—

—

4,441,099

Non-Agency

Mortgage-Backed

Securities

........................

—

2,873,494

—

2,873,494

Other

Interests

..........................................

—

—

135,412

135,412

Preferred

Securities

Brazil

...............................................

107,638

—

130,139

237,777

China

...............................................

—

—

417,958

417,958

Germany

............................................

—

47,940

815

48,755

India

...............................................

—

—

—

—

Israel

...............................................

—

—

127,580

127,580

Sweden

.............................................

—

—

—

—

United

Kingdom

........................................

—

—

101,505

101,505

United

States

..........................................

166,782

31,806

2,107,483

2,306,071

U.S.

Government

Sponsored

Agency

Securities

....................

—

1,928,263

—

1,928,263

U.S.

Treasury

Obligations

...................................

—

6,902,159

—

6,902,159

Warrants

..............................................

665

34,016

48,708

83,389

Short-Term

Securities

Foreign

Government

Obligations

..............................

—

85,617

—

85,617

Money

Market

Funds

......................................

11,390,497

—

—

11,390,497

Options

Purchased

Credit

contracts

..........................................

—

2,218

—

2,218

Equity

contracts

..........................................

683,516

9,946

—

693,462

Foreign

currency

exchange

contracts

...........................

—

19,141

—

19,141

Interest

rate

contracts

......................................

657

191,461

—

192,118

Unfunded

Floating

Rate

Loan

Interests

(a)

..............................

—

—

25

25

Liabilities

Investment

Sold

Short

Investment

Companies

....................................

(

124,304

)

—

—

(

124,304

)

Unfunded

Floating

Rate

Loan

Interests

(a)

..............................

—

—

(

13

)

(

13

)

$

82,584,389

$

63,769,050

$

7,365,440

$

153,718,879

Investments

Valued

at

NAV

(b)

......................................

151,005

$

153,869,884

Derivative

Financial

Instruments

(c)

Assets

Credit

contracts

...........................................

$

—

$

74,592

$

—

$

74,592

Equity

contracts

...........................................

24,112

262,242

—

286,354

Foreign

currency

exchange

contracts

............................

—

403,180

—

403,180

Interest

rate

contracts

.......................................

133,284

2,586,130

—

2,719,414

Other

contracts

...........................................

—

4,438

—

4,438

Liabilities

Credit

contracts

...........................................

—

(

17,804

)

—

(

17,804

)

Equity

contracts

...........................................

(

443,476

)

(

253,964

)

—

(

697,440

)

Foreign

currency

exchange

contracts

............................

—

(

246,453

)

—

(

246,453

)

Interest

rate

contracts

.......................................

(

226,610

)

(

877,554

)

—

(

1,104,164

)

$

(

512,690

)

$

1,934,807

$

—

$

1,422,117

(a)

Unfunded

floating

rate

loan

interests

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

commitment.

(b)

Certain

investments

of

the

Fund

were

fair

valued

using

NAV

as

a

practical

expedient

as

no

quoted

market

value

is

available

and

therefore

have

been

excluded

from

the

fair

value

hierarchy.

(c)

Derivative

financial

instruments

are

swaps,

futures

contracts,

forward

foreign

currency

exchange

contracts

and

options

written.

Swaps,

futures

contracts

and

forward

foreign

currency

exchange

contracts

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument

and

options

written

are

shown

at

value.

Fair

Value

Hierarchy

as

of

Period

End

(continued)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

42

A

reconciliation

of

Level

3

financial

instruments

is

presented

when

the

Fund

had

a

significant

amount

of

Level

3

investments

and

derivative

financial

instruments

at

the

beginning

and/or

end

of

the

period

in

relation

to

net

assets.

The

following

table

is

a

reconciliation

of

Level

3

investments

for

which

significant

unobservable

inputs

were

used

in

determining

fair

value:

Asset-

Backed

Securities

Common

Stocks

Corporate

Bonds

Fixed

Rate

Loan

Interests

Floating

Rate

Loan

Interests

Other

Interests

Preferred

Securities

Unfunded

Floating

Rate

Loan

Interests

Warrants

Total

Investments

Assets/Liabilities

Opening

balance,

as

of

December

31,

2023

.......

$

176,760

$

883,928

$

1,876,626

$

119,248

$

756,458

$

145,153

$

3,002,705

$

22

$

36,503

$

6,997,403

Transfers

into

Level

3

.....................

—

—

—

—

—

—

—

—

—

—

Transfers

out

of

Level

3

....................

—

—

—

—

—

—

—

—

(

183

)

(

183

)

Accrued

discounts/premiums

.................

—

—

17,719

—

(

123

)

—

—

—

—

17,596

Net

realized

gain

(loss)

....................

—

(

45,573

)

(

771,970

)

—

(

269

)

—

550

—

—

(

817,262

)

Net

change

in

unrealized

appreciation

(depreciation)

(a)

10,000

93,808

73,708

(

120,301

)

(

120,154

)

(

9,741

)

(

314,217

)

(

10

)

12,388

(

374,519

)

Purchases

.............................

—

201,459

1,302,243

62,174

1,038,293

—

518,382

—

—

3,122,551

Sales

................................

—

(

61,798

)

(

348,526

)

—

(

847,882

)

—

(

321,940

)

—

—

(

1,580,146

)

Closing

balance,

as

of

September

30,

2024

.......

$

186,760

$

1,071,824

$

2,149,800

$

61,121

$

826,323

$

135,412

$

2,885,480

$

12

$

48,708

$

7,365,440

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

still

held

at

September

30,

2024

(a)

...

$

10,000

$

3,989

$

(

1,100,592

)

$

(

120,301

)

$

(

141,012

)

$

(

9,741

)

$

(

580,504

)

$

(

10

)

$

18,398

$

(

1,919,773

)

(a)

Any

difference

between

net

change

in

unrealized

appreciation

(depreciation)

and

net

change

in

unrealized

appreciation

(depreciation)

on

investments

still

held

at

September

30,

2024

is

generally

due

to

investments

no

longer

held

or

categorized

as

Level

3

at

period

end.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

43

The

following

table

summarizes

the

valuation

approaches

used

and

unobservable

inputs

utilized

by

the

Valuation

Committee

to

determine

the

value

of

certain

of

the

Fund’s

Level

3

financial

instruments

as

of

period

end.

The

table

does

not

include

Level

3

financial

instruments

with

values

based

upon

unadjusted

third-party

pricing

information

in

the

amount

of

$516,341.

A

significant

change

in

the

third-party

information

could

result

in

a

significantly

lower

or

higher

value

of

such

Level

3

investments.

Value

Valuation

Approach

Unobservable

Inputs

Range

of

Unobservable

Inputs

Utilized

(a)

Weighted

Average

of

Unobservable

Inputs

Based

on

Fair

Value

Assets

Asset-Backed

Securities

........................

$

186,760

Income

Discount

Rate

7%

—

Common

Stocks

.............................

978,823

Market

Revenue

Multiple

1.10x

-

16.50x

5.31x

Volatility

38%

-

80%

79%

Time

to

Exit

0.5

–

5.6

years

2.9

years

EBIDTA

Multiple

14.94x

—

Income

Discount

Rate

12%

—

Corporate

Bonds

.............................

1,860,758

Income

Discount

Rate

8%

-

34%

13%

Total

Gross

Bid

Value

43%

—

Market

Revenue

Multiple

4.00x

-

6.70x

4.41x

Time

to

Exit

0.3

-

1.0

years

0.4

years

Volatility

50%

-

95%

57%

Fixed

Rate

Loan

Interests

........................

61,121

Income

Discount

Rate

12%

—

Floating

Rate

Loan

Interests

......................

692,037

Income

Discount

Rate

6%

-

14%

10%

Other

Interests

..............................

135,412

Income

Discount

Rate

9%

—

Preferred

Stocks

(b)

............................

2,885,480

Market

Revenue

Multiple

0.26x

–

20.00x

10.14x

EBIDTAR

Multiple

11.50x

—

Volatility

38%

-

95%

70%

Time

to

Exit

0.3

-

5.0

years

2.2

years

Market

Adjustment

Multiple

1.00x

–

1.30x

1.24x

Gross

Profit

Multiple

17.00x

—

Income

Discount

Rate

10%

-

14%

11%

Warrants

(b)

.................................

48,708

Market

Revenue

Multiple

3.25x

–

10.25x

6.94x

Volatility

39%

-

80%

61%

Time

to

Exit

0.3

–

9.3

years

3.0

years

Income

Discount

Rate

12%

-

16%

16%

$

6,849,099

(a)

A

significant

change

in

unobservable

input

would

have

resulted

in

a

correlated

(inverse)

significant

change

to

value.

(b)

The

Fund

valued

certain

of

its

Level

3

Preferred

Stocks

and

Warrants

using

recent

transactions

as

the

best

approximation

of

fair

value.

The

value

of

Level

3

investments

obtained

using

recent

prior

transaction

prices,

for

which

inputs

are

unobservable,

is

$104,252

as

of

September

30,

2024.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

September

30,

2024

BlackRock

Global

Allocation

Portfolio

44

Currency

Abbreviation

AUD

Australian

Dollar

BRL

Brazilian

Real

CAD

Canadian

Dollar

CHF

Swiss

Franc

CLP

Chilean

Peso

CNH

Chinese

Yuan

Offshore

CNY

Chinese

Yuan

COP

Colombian

Peso

CZK

Czech

Koruna

DKK

Danish

Krone

EGP

Egyptian

Pound

EUR

Euro

GBP

British

Pound

HKD

Hong

Kong

Dollar

HUF

Hungarian

Forint

IDR

Indonesian

Rupiah

INR

Indian

Rupee

JPY

Japanese

Yen

KRW

South

Korean

Won

MXN

Mexican

Peso

MYR

Malaysian

Ringgit

NOK

Norwegian

Krone

NZD

New

Zealand

Dollar

PEN

Peruvian

Sol

PLN

Polish

Zloty

RON

Romanian

Leu

SEK

Swedish

Krona

SGD

Singapore

Dollar

THB

Thai

Baht

TRY

Turkish

Lira

TWD

Taiwan

New

Dollar

USD

United

States

Dollar

UYU

Uruguayan

Peso

ZAR

South

African

Rand

Portfolio

Abbreviation

ADR

American

Depositary

Receipts

BZDIOVER

Overnight

Brazil

CETIP

—

Interbank

Rate

CDI

Crest

Depository

Interests

CLICP

Chile

Indice

de

Camara

Promedio

Interbank

Overnight

Index

CLO

Collateralized

Loan

Obligation

CVA

Certification

Van

Aandelon

(Dutch

Certificate)

DAC

Designated

Activity

Company

EM

Emerging

Markets

ESTR

Euro

Short-Term

Rate

ETF

Exchange-Traded

Fund

EURIBOR

Euro

Interbank

Offered

Rate

IBR

Colombian

Reference

Banking

Indicator

JIBAR

Johannesburg

Interbank

Average

Rate

JSC

Joint

Stock

Company

MIBOR

Mumbai

Interbank

Offered

Rate

MSCI

Morgan

Stanley

Capital

International

MXIBTIIE

Mexico

Interbank

TIIE

28-Day

Nasdaq

National

Association

of

Securities

Dealers

Automated

NVDR

Non-Voting

Depository

Receipts

OTC

Over-the-counter

PCL

Public

Company

Limited

PIK

Payment-In-Kind

SCA

Svenska

Cellulosa

Aktiebolaget

SONIA

Sterling

Overnight

Interbank

Average

Rate

SOFR

Secured

Overnight

Financing

Rate

SPDR

Standard

&

Poor’s

Depositary

Receipts

TIPS

Treasury

Inflation

Protected

Securities

TONAR

Tokyo

Overnight

Average

Rate