Blackrock Eurofund N-CSRS Certified semi-annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORMN-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number:811-04612

Name of Fund: BlackRock EuroFund

Fund Address:  100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock EuroFund, 55 East

52^nd Street, New York, NY 10055

Registrant’s telephone number, including area code: (800)441-7762

Date of fiscal year end: 06/30/2020

Date of reporting period: 12/31/2019

Item 1 – Report to Stockholders

DECEMBER 31, 2019

2019 Semi-Annual Report

(Unaudited)

BlackRock Advantage Global Fund, Inc.

BlackRock EuroFund

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from BlackRock or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

You may elect to receive all future reports in paper free of charge. If you hold accounts directly with BlackRock, you can call(800) 441-7762 to inform BlackRock that you wish to continue receiving paper copies of your shareholder reports. If you hold accounts through a financial intermediary, you can follow the instructions included with this disclosure, if applicable, or contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. Please note that not all financial intermediaries may offer this service. Your election to receive reports in paper will apply to all funds advised by BlackRock Advisors, LLC, BlackRock Fund Advisors or their affiliates, or all funds held with your financial intermediary, as applicable.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive electronic delivery of shareholder reports and other communications by: (i) accessing the BlackRock website at www.blackrock.com/edelivery and logging into your accounts, if you hold accounts directly with BlackRock, or (ii) contacting your financial intermediary, if you hold accounts through a financial intermediary. Please note that not all financial intermediaries may offer this service.

Not FDIC Insured • May Lose Value • No Bank Guarantee

The Markets in Review

Dear Shareholder,

U.S. equities and bonds finished the last year of the decade with impressive returns, putting an exclamation point on a decade of strong performance despite the fears and doubts about the economy that were ultimately laid to rest with unprecedented monetary stimulus and a sluggish yet resolute performance from the U.S. economy. In many ways, it was fitting that the themes of 2019 — geopolitical uncertainty, fears of recession, and decisive monetary stimulus — put the capstone on a decade that was defined by grappling with these competing forces.

Equity and bond markets posted solid returns, particularly in the second half of the year, as investors began to realize that the U.S. economy was maintaining the modest yet steady growth that has characterized this economic cycle. U.S. large cap equities advanced the most, while equities at the high end of the risk spectrum — emerging markets and U.S. small cap — lagged while still posting solid returns.

Fixed-income securities played an important role in diversified portfolios by delivering strong returns amid economic uncertainty, as interest rates declined (and bond prices rose). Long-term bonds, particularly long-term Treasuries, generally posted the strongest returns, as inflation remained low. Investment-grade and high-yield corporate bonds also posted solid returns, as the credit fundamentals in corporate markets remained relatively solid.

As equity performance faltered in late 2018 and global economic growth slowed, the U.S. Federal Reserve (the “Fed”) shifted away from policies designed to decrease inflation in favor of renewed efforts to stimulate economic activity. The Fed left interest rates unchanged in January 2019, then reduced interest rates three times thereafter, starting in July 2019. Similarly, the Fed took measures to support liquidity in short-term lending markets. Following in the Fed’s footsteps, the European Central Bank announced aggressive economic stimulus measures, including lower interest rates and the return of its bond purchasing program. The Bank of Japan signaled a continuation of accommodative monetary policy, while China committed to looser credit conditions and an increase in fiscal spending.

The outpouring of global economic stimulus led to a sharp rally in risk assets throughout the world despite the headwind of rising geopolitical and trade tensions. Hopes continued to remain high as the current economic expansion became the longest in U.S. history.

Looking ahead, we believe U.S. economic growth will stabilize and gradually improve in 2020. The primary drivers of recent market performance — trade and monetary policies — could take a back seat to a nascent expansion in manufacturing and a recent uptick in global growth. The headwinds of policy uncertainty in 2019 could become tailwinds in 2020 due topro-cyclical policy shifts.

Overall, we favor increasing investment risk to benefit from the brighter outlook. In addition to having a positive view for equities overall, we favor emerging market equities over developed market equities. Increasing cyclical exposure through value-style investing and maintaining a meaningful emphasis on high-quality companies through quality factors also makes sense for diversified investors. In fixed income, government bonds continue to be important portfolio stabilizers, while emerging market bonds, particularly local currency bonds, offer relatively attractive income opportunities.

In this environment, investors need to think globally, extend their scope across a broad array of asset classes, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visitblackrock.com for further insight about investing in today’s markets.

Sincerely,

Rob Kapito

President, BlackRock Advisors, LLC

Rob Kapito

President, BlackRock Advisors, LLC

Total Returns as of December 31, 2019
	6-month	12-month
U.S. large cap equities (S&P 500® Index)	10.92%	31.49%
U.S. small cap equities (Russell 2000® Index)	7.30	25.52
International equities (MSCI Europe, Australasia, Far East Index)	7.01	22.01
Emerging market equities (MSCI Emerging Markets Index)	7.09	18.42
3-month Treasury bills (ICE BofAML3-Month U.S. Treasury Bill Index)	1.03	2.28
U.S. Treasury securities (ICE BofAML10-Year U.S. Treasury Index)	1.36	8.91
U.S. investment grade bonds (Bloomberg Barclays U.S. Aggregate Bond Index)	2.45	8.72
Tax-exempt municipal bonds (S&P Municipal Bond Index)	2.21	7.26
U.S. high yield bonds (Bloomberg Barclays U.S. Corporate High Yield 2% Issuer Capped Index)	3.98	14.32
Past performance is no guarantee of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

2 THIS PAGEISNOT PARTOF YOUR FUND REPORT

Table of Contents

	Page
The Markets in Review		2
Semi-Annual Report:
Fund Summaries		4
About Fund Performance		10
Disclosure of Expenses		10
Derivative Financial Instruments		10
Financial Statements:
Schedules of Investments		11
Statements of Assets and Liabilities		24
Statements of Operations		26
Statements of Changes in Net Assets		27
Financial Highlights		29
Notes to Financial Statements		39
Statement Regarding Liquidity Risk Management Program		49
Director and Officer Information		50
Additional Information		51
Glossary of Terms Used in this Report		53

3

Fund Summary  as of December 31, 2019 BlackRock Advantage Global Fund, Inc.

Investment Objective

BlackRock Advantage Global Fund, Inc.’s (the “Fund”) investment objective is to seek long-term capital appreciation.

Portfolio Management Commentary

How did the Fund perform?

For the six-month period ended December 31, 2019, the Fund underperformed its benchmark, the MSCI All Country World Index.

What factors influenced performance?

Stock selection detracted over the reporting period. Specifically, the fundamental insights composite was most challenged across both value and quality buckets. Nontraditional value insights were the biggest detractors including a cross-asset measure comparing a company’s stock price to the price of its bond, an insight that looks to avoid crowded mutual fund positions and finally an exchange-traded fund flow-based measure. Quality insights struggled as well, specifically a traditional insight betting against low quality earnings and a nontraditional insight betting on companies led by their founders were the biggest underachievers there. Sentiment-based insights were not far behind as deteriorating company fundamentals proved to be a headwind to stocks favored by brokers. Stock specific earnings misses in the consumer discretionary and financials sectors detracted as well.

Performance over the reporting period was driven primarily by macro-thematic insights. After closing 2018 on a losing note and spending much of the front end of 2019 in recovery mode, the global equity markets seemingly flatlined through the summer. Coming into September, investors faced a confluence of continued pressure on macro-economic data, escalating tensions on the geopolitical front, softening corporate earnings and uncertainty stemming from the U.S.-China trade standoff. This escalation in trade tensions gave rise to renewed fears of recession, resulting in a historic reversal of positive performance for momentum-based trades. A timely readout from momentum insights and a related reduction in risk helped the portfolio avoid the worst of the momentum drawdown. At the country level, a Brexit-inspired underweight to the United Kingdom proved additive. Finally, a contrarian overweight to Australia contributed as wildfire and China trade-related selling proved overdone. At the sector level, facing a low growth environment, an underweight to the growth-challenged utilities sector proved accretive.

Describe recent portfolio activity.

The Fund maintained a balanced allocation of risk across all major return drivers over the period. However, within the macro thematic composite the investment adviser reduced the size of the long growth-short value trade due to the historic performance spread between the two factors and the potential for a rebound in value relative performance, which in fact materialized in September. Furthermore, several new insights were added including a measure that tracks stocks with scheduled roadshows as a sign of improving company prospects.

Describe portfolio positioning at period end.

The Fund was positioned for the continuation of a low rate, low inflation and moderate growth environment while staying well diversified across geographies, industries and other drivers of risk. Industry selection models retained a pro-growth stance, with an overweight to secular growth plays in health care and information technology. At the country level, forward-looking growth indicators resulted in a positive stance on core Eurozone countries such as Germany and France, hedged by a negative view on the Italian economy.

The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.

4 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Fund Summary  as of December 31, 2019 (continued) BlackRock Advantage Global Fund, Inc.

Performance Summary for the Period Ended December 31, 2019

				Average Annual Total Returns (a)(b)
				1 Year						5 Years						10 Years
	6-Month Total Returns			w/o sales charge			w/sales charge			w/o sales charge			w/sales charge			w/o sales charge			w/sales charge
Institutional		7.67	%		25.86	%		N/A			7.08	%		N/A			9.15	%		N/A
Investor A		7.58			25.54			18.95	%		6.76			5.61	%		8.81			8.22	%
Investor C		7.17			24.62			23.62			5.93			5.93			7.94			7.94
Class K		7.73			25.93			N/A			7.11			N/A			9.16			N/A
Class R		7.38			25.23			N/A			6.42			N/A			8.42			N/A
MSCI All Country World Index(c)		8.92			26.60			N/A			8.41			N/A			8.79			N/A

^(a)  Assuming maximum sales charges, if any. Average annual total returns with and without sales charges reflect reductions for distribution and service fees. See “About Fund Performance” on page 10 for a detailed description of share classes, including any related sales charges and fees, and how performance was calculated for certain share classes.

^(b)  The Fund primarily intends to invest in equity securities or other financial instruments that are components of, or have characteristics similar to, the securities included in the MSCI All Country World Index. The Fund’s returns prior to October 26, 2017 are the returns of the Fund when it followed a different investment objective and different investment strategies under the name “BlackRock Global SmallCap Fund, Inc.”

^(c)  A free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The index consists of 49 country indexes comprising of 23 developed and 26 emerging market country indexes.

N/A — Not applicable as share class and index do not have a sales charge.

Past performance is not indicative of future results.

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.

Expense Example

	Actual						Hypothetical (b)
	Beginning Account Value (07/01/19)		Ending Account Value (12/31/19)		Expenses Paid During the Period (a)		Beginning Account Value (07/01/19)		Ending Account Value (12/31/19)		Expenses Paid During the Period (a)		Annualized Expense Ratio
Institutional	$	1,000.00	$	1,076.70	$	3.71	$	1,000.00	$	1,021.57	$	3.61		0.71	%
Investor A		1,000.00		1,075.80		5.01		1,000.00		1,020.31		4.88		0.96
Investor C		1,000.00		1,071.70		8.90		1,000.00		1,016.54		8.67		1.71
Class K		1,000.00		1,077.30		3.45		1,000.00		1,021.82		3.35		0.66
Class R		1,000.00		1,073.80		6.31		1,000.00		1,019.05		6.14		1.21

^(a)  For each class of the Fund, expenses are equal to the annualized expense ratio for the class, multiplied by the average account value over the period, multiplied by 184/366 (to reflect theone-half year period shown).

^(b)  Hypothetical 5% annual return before expenses is calculated by prorating the number of days in the most recent fiscal half year divided by 366.

See “Disclosure of Expenses” on page 10 for further information on how expenses were calculated.

FUND SUMMARY 5

Fund Summary  as of December 31, 2019 (continued) BlackRock Advantage Global Fund, Inc.

Portfolio Information

TEN LARGEST HOLDINGS

Security	Percent of Net Assets
Microsoft Corp.		3	%
Apple, Inc.		2
Amazon.com, Inc.		2
Facebook, Inc.		2
Sumitomo Bank Tokyo		1
Visa, Inc.		1
Johnson & Johnson		1
Roche Holding AG		1
salesforce.com, Inc.		1
Honeywell International, Inc.		1

GEOGRAPHIC ALLOCATION

Country/Geographic Region	Percent of Net Assets
United States		56	%
Japan		7
China		5
United Kingdom		4
Canada		4
France		4
Australia		3
Switzerland		3
Germany		2
Taiwan		2
Netherlands		2
India		1
South Africa		1
Brazil		1
South Korea		1
Belgium		1
Other(a)		3

^(a)  Includes holdings within countries that are 1% or less of net assets. Please refer to the Schedule of Investments for such countries.

6 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Fund Summary  as of December 31, 2019 BlackRock EuroFund

Investment Objective

BlackRock EuroFund’s (the “Fund”)investment objective is to seek capital appreciation primarily through investment in equities of corporations domiciled in European countries.

Portfolio Management Commentary

How did the Fund perform?

For the six-month period ended December 31, 2019, the Fund underperformed its benchmark, the MSCI EMU Index.

What factors influenced performance?

Europe’s equity markets performed well in the second half of 2019, as the accommodative policies of the world’s central banks lifted sentiment and created a tailwind for higher-risk assets across the globe. In addition, the results of the U.K. election in December provided greater clarity regarding Brexit. European stocks lagged the broader world markets, reflecting investors’ persistent concerns about the economic outlook.

Underweight allocations to the materials, financials and utility sectors detracted from Fund performance. With respect to financials, banking stocks performed particularly well due to favourable interest-rate trends and supportive regulatory changes. However, the investment adviser retained an underweight in the industry based on the lack of evidence showing an improvement in banks’ fundamentals.

A position in the pharmaceutical company Ipsen SA (France), whose stock slid after trials for a key drug were put on hold due to safety issues, was a key detractor from Fund performance. In addition, Ipsen’s chief executive officer departed. Holdings in the French companies Pernod Ricard SA and Remy Cointreau SA also lagged following the re-opening of discussions regarding U.S. tariffs on European imports.

On the positive side, an underweight allocation to the communication services sector — particularly large, legacy telecommunications companies — aided Fund returns. An underweight in consumer staples was a further plus, largely as a result of zero weightings in a number of underperforming personal care and food/beverage stocks.

The Fund’s overweight in the industrial sector also contributed, as did an out-of-benchmark position in the Danish transportation and logistics company DSV Panalpina A/S. The company, formerly known as DSV AS, agreed to purchase Panalpina Welttransport (Holding) AG in April. The stock rallied due to better-than-expected synergies from the merger, improved earnings guidance, and the announcement of a stock buyback. The Fund also generated robust returns in the information technology sector due to the combination of an overweight position and effective stock selection. The semiconductor stock ASML Holdings NV (Netherlands), which benefited from evidence of a recovery in its end market, was a particularly strong performer.

Describe recent portfolio activity.

The Fund’s investment adviser team continued to rotate the portfolio’s positions to capture opportunities or sell holdings that either hit its price targets or that failed to meet expectations. Among the notable additions for the period were the oil refining company Neste OYJ (Finland), Teleperformance SE (France), Schneider Electric SE (France) and the aircraft-engine manufacturer MTU Aero Engines AG (Germany). The Fund exited one of its positions in the communication services sector, Ubisoft Entertainment SA (France), on evidence of weaker fundamental prospects. The Fund also sold its holdings in Wartsila OYJ (Finland), Tenaris SA (Luxembourg), Sampo OYJ (Finland), and Capgemini SE (France).

Describe portfolio positioning at period end.

The Fund was overweight in the industrials, information technology and health care sectors, and it was underweight in consumer discretionary, materials, energy, financials, utilities, communication services and consumer staples. The Fund kept a neutral weighting in real estate.

The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.

FUND SUMMARY 7

Fund Summary  as of December 31, 2019(continued) BlackRock EuroFund

Performance Summary for the Period Ended December 31, 2019

				Average Annual Total Returns (a)(b)
				1 Year						5 Years						10 Years
	6-Month Total Returns			w/o sales charge			w/sales charge			w/o sales charge			w/sales charge			w/o sales charge			w/sales charge
Institutional		5.35	%		25.17	%		N/A			2.59	%		N/A			3.54	%		N/A
Investor A		5.23			24.88			18.32	%		2.37			1.27	%		3.32			2.76	%
Investor C		4.80			23.91			22.91			1.56			1.56			2.47			2.47
Class K		5.43			25.36			N/A			2.64			N/A			3.56			N/A
Class R		4.93			24.13			N/A			1.85			N/A			2.76			N/A
MSCI EMU Index(c)		6.24			23.20			N/A			5.55			N/A			3.99			N/A

^(a)  Assuming maximum sales charges, if any. Average annual total returns with and without sales charges reflect reductions for distribution and service fees. See “About Fund Performance” on page 10 for a detailed description of share classes, including any related sales charges and fees, and how performance was calculated for certain share classes.

^(b)  Under normal circumstances, the Fund will invest at least 80% of its net assets in equity securities, including common stock and convertible securities, of companies located in Europe. The Fund currently expects that a majority of the Fund’s assets will be invested in equity securities of companies located in countries participating in the European Monetary Union (the ‘‘Eurozone’’). The Fund’s total returns prior to October 23, 2018, are the returns of the Fund when it followed different investment strategies.

^(c)  MSCI EMU Index captures large and mid-cap representation across the 10 Developed Markets countries in the European Economic and Monetary Union (“EMU”). With 247 constituents, the MSCI EMU Index covers approximately 85% of the free float-adjusted market capitalization of the EMU.

N/A — Not applicable as share class and index do not have a sales charge.

Past performance is not indicative of future results.

Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.

Expense Example

	Actual						Hypothetical (b)
	Beginning Account Value (07/01/19)		Ending Account Value (12/31/19)		Expenses Paid During the Period (a)		Beginning Account Value (07/01/19)		Ending Account Value (12/31/19)		Expenses Paid During the Period (a)		Annualized Expense Ratio
Institutional	$	1,000.00	$	1,053.50	$	6.30	$	1,000.00	$	1,019.00	$	6.19		1.22	%
Investor A		1,000.00		1,052.30		7.22		1,000.00		1,018.10		7.10		1.40
Investor C		1,000.00		1,048.00		11.22		1,000.00		1,014.18		11.04		2.18
Class K		1,000.00		1,054.30		5.37		1,000.00		1,019.91		5.28		1.04
Class R		1,000.00		1,049.30		10.25		1,000.00		1,015.13		10.08		1.99

^(a)  For each class of the Fund, expenses are equal to the annualized expense ratio for the class, multiplied by the average account value over the period, multiplied by 184/366 (to reflect theone-half year period shown).

^(b)  Hypothetical 5% annual return before expenses is calculated by prorating the number of days in the most recent fiscal half year divided by 366.

See “Disclosure of Expenses” on page 10 for further information on how expenses were calculated.

8 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Fund Summary  as of December 31, 2019 (continued) BlackRock EuroFund

Portfolio Information

TEN LARGEST HOLDINGS

Security	Percent of Net Assets
LVMH Moet Hennessy Louis Vuitton SE		7	%
Safran SA		5
ASML Holding NV		5
SAP SE		4
Allianz SE, Registered Shares		4
Sanofi		4
Airbus SE		4
adidas AG		4
Schneider Electronic SE		4
Vinci SA		3

GEOGRAPHIC ALLOCATION

Country/Geographic Region	Percent of Net Assets
France		39	%
Germany		25
Netherlands		10
United Kingdom		5
Italy		5
Spain		4
Denmark		3
Belgium		3
Switzerland		2
Ireland		1
Finland		1
Portugal		1
Europe		1
United States		—	(b)
Liabilities in Excess of Other Assets		—	(b)

^(a)  Includes holdings within countries that are 1% or less of net assets. Please refer to the Schedule of Investments for such countries.

^(b)  Represents less than 1%.

FUND SUMMARY 9

About Fund Performance

Institutional Shares and Class K Shares are not subject to any sales charge. These shares bear no ongoing distribution or service fees and are available only to certain eligible investors. Class K Shares performance shown prior to the Class K Shares inception date of January 25, 2018 is that of Institutional Shares. The performance of each Fund’s Class K Shares would be substantially similar to Institutional Shares because Class K Shares and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that Class K Shares and Institutional Shares have different expenses. The actual returns of Class K Shares would have been higher than those of the Institutional Shares because Class K Shares have lower expenses than the Institutional Shares.

Investor A Shares are subject to a maximum initial sales charge(front-end load) of 5.25% and a service fee of 0.25% per year (but no distribution fee). Certain redemptions of these shares may be subject to a contingent deferred sales charge (“CDSC”) where no initial sales charge was paid at the time of purchase. These shares are generally available through financial intermediaries.

Investor C Shares are subject to a 1.00% CDSC if redeemed within one year of purchase. In addition, these shares are subject to a distribution fee of 0.75% per year and a service fee of 0.25% per year. These shares are generally available through financial intermediaries. These shares automatically convert to Investor A Shares after approximately ten years.

Class R Shares are not subject to any sales charge. These shares are subject to a distribution fee of 0.25% per year and a service fee of 0.25% per year. These shares are available only to certain employer-sponsored retirement plans.

Performance information reflects past performance and does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Refer toblackrock.com to obtain performance data current to the most recent month-end. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Figures shown in the performance tables on the previous pages assume reinvestment of all distributions, if any, at net asset value (‘‘NAV’’) on theex-dividend date. Investment return and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Distributions paid to each class of shares will vary because of the different levels of service, distribution and transfer agency fees applicable to each class, which are deducted from the income available to be paid to shareholders.

BlackRock Advisors, LLC (the “Manager”), each Fund’s investment adviser, has contractually and/or voluntarily agreed to waive and/or reimburse a portion of each Fund’s expenses. Without such waiver and/or reimbursement, each Fund’s performance would have been lower. With respect to each Fund’s voluntary waiver, the Manager is under no obligation to waive and/or reimburse or to continue waiving and/or reimbursing its fees and such voluntary waiver may be reduced or discontinued at any time. With respect to each Fund’s contractual waiver, the Manager is under no obligation to continue waiving and/or reimbursing its fees after the applicable termination date of such agreement. See Note 6 of the Notes to Financial Statements for additional information on waivers and/or reimbursements.

Disclosure of Expenses

Shareholders of each Fund may incur the following charges: (a) transactional expenses, such as sales charges; and (b) operating expenses, including investment advisory fees, service and distribution fees, including12b-1 fees, acquired fund fees and expenses, and other fund expenses. The expense examples shown on the previous pages (which are based on a hypothetical investment of $1,000 invested on July 1, 2019 and held through December 31, 2019) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other mutual funds.

The expense examples provide information about actual account values and actual expenses. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number corresponding to their Fund and share class under the heading entitled “Expenses Paid During the Period.”

The expense examples also provide information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in these Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in shareholder reports of other funds.

The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect transactional expenses, such as sales charges, if any. Therefore, the hypothetical examples are useful in comparing ongoing expenses only, and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.

Derivative Financial Instruments

The Funds may invest in various derivative financial instruments. These instruments are used to obtain exposure to a security, commodity, index, market, and/or other assets without owning or taking physical custody of securities, commodities and/or other referenced assets or to manage market, equity, credit, interest rate, foreign currency exchange rate, commodity and/or other risks. Derivative financial instruments may give rise to a form of economic leverage and involve risks, including the imperfect correlation between the value of a derivative financial instrument and the underlying asset, possible default of the counterparty to the transaction or illiquidity of the instrument. The Funds’ successful use of a derivative financial instrument depends on the investment adviser’s ability to predict pertinent market movements accurately, which cannot be assured. The use of these instruments may result in losses greater than if they had not been used, may limit the amount of appreciation a Fund can realize on an investment and/or may result in lower distributions paid to shareholders. The Funds’ investments in these instruments, if any, are discussed in detail in the Notes to Financial Statements.

10 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Schedule of Investments  (unaudited) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks — 96.6%
Australia — 3.0%
AGL Energy Ltd.		38,184	$	549,605
ALS Ltd.		36,894		237,538
Altium Ltd.		1,220		29,727
Ansell Ltd.		12,297		250,403
Aristocrat Leisure Ltd.		141,233		3,337,216
AusNet Services		71,707		85,510
Australia & New Zealand Banking Group Ltd.		3,550		61,223
Beach Energy Ltd.		13,028		23,043
BHP Group Ltd.		27,209		745,045
Brambles Ltd.		3,512		28,906
Carsales.com Ltd.		1,875		21,866
CIMIC Group Ltd.		14,071		327,145
Cochlear Ltd.		3,314		522,306
Commonwealth Bank of Australia		5,932		332,772
Computershare Ltd.		3,465		40,852
Crown Resorts Ltd.		1,933		16,297
CSL Ltd.		3,775		731,905
Goodman Group		3,498		32,871
GPT Group		22,308		87,872
Harvey Norman Holdings Ltd.		67,757		193,521
IDP Education Ltd.		15,033		181,213
JBHi-Fi Ltd.		927		24,534
Macquarie Group Ltd.		13,628		1,319,794
Magellan Financial Group Ltd.		4,485		179,691
Oil Search Ltd.		6,818		34,765
Orica Ltd.		2,728		42,067
QBE Insurance Group Ltd.		4,836		43,700
REA Group Ltd.		3,676		267,050
Scentre Group		504,093		1,356,643
Sonic Healthcare Ltd.		8,909		179,631
Sydney Airport		3,269		19,862
Tabcorp Holdings Ltd.		60,367		191,913
Treasury Wine Estates Ltd.		71,862		818,562
Vicinity Centres		21,663		37,890
Wesfarmers Ltd.		7,240		210,407
Woolworths Group Ltd.		19,705		499,787
				13,063,132
Austria — 0.1%
Raiffeisen Bank International AG		1,251		31,312
Vienna Insurance Group AG Wiener Versicherung Gruppe		1,168		33,087
Wienerberger AG		8,434		249,944
				314,343
Belgium — 0.7%
Galapagos NV(a)		351		73,095
Groupe Bruxelles Lambert SA		10,926		1,152,921
Sofina SA		185		40,018
Solvay SA		597		69,487
UCB SA		20,403		1,623,560
				2,959,081
Brazil — 0.3%
Ambev SA		109,972		510,398
B3 SA — Brasil Bolsa Balcao		4,800		51,273
Cia. Hering		5,552		46,981
Cosan Ltd., Class A(a)		1,072		24,484
CPFL Energia SA		3,200		28,280
EDP — Energias do Brasil SA		8,100		44,500
Energisa SA		2,300		30,606
Equatorial Energia SA		9,300		52,688
Iochpe-Maxion SA		2,100		12,205
Lojas Renner SA		4,560		63,695
Petroleo Brasileiro SA		15,700		124,891

Security	Shares		Value
Brazil (continued)
Porto Seguro SA		13,222	$	206,217
Vale SA		6,300		83,474
				1,279,692
Canada — 3.2%
Bank of Montreal		23,276		1,803,933
Bank of Nova Scotia		5,870		331,573
BCE, Inc.		19,052		882,652
Capital Power Corp.		662		17,532
CCL Industries, Inc., Class B		2,669		113,703
CGI, Inc.(a)		3,031		253,651
FirstService Corp.		219		20,388
Franco-Nevada Corp.		5,012		517,546
Gibson Energy, Inc.		1,183		24,224
Great-West Lifeco, Inc.		15,215		389,705
Hydro One Ltd.(b)		11,923		230,279
Manulife Financial Corp.		7,741		157,139
Northland Power, Inc.		13,511		283,007
Nutrien Ltd.		15,368		735,766
Open Text Corp.		1,054		46,444
Power Financial Corp.		27,516		740,371
Quebecor, Inc., Class B		29,583		754,981
Restaurant Brands International, Inc.		10,412		663,745
Ritchie Bros Auctioneers, Inc.		535		22,957
Rogers Communications, Inc., Class B		13,376		664,190
Royal Bank of Canada		2,471		195,522
TFI International, Inc.		10,303		347,281
Thomson Reuters Corp.		2,184		156,230
TMX Group Ltd.		309		26,758
Toronto-Dominion Bank		74,369		4,171,033
Wheaton Precious Metals Corp.		11,599		345,143
WSP Global, Inc.		1,114		76,068
				13,971,821
China — 4.5%
3SBio, Inc.(a)(b)		16,000		20,728
Agricultural Bank of China Ltd., Class H		329,000		144,813
Alibaba Group Holding Ltd. — ADR(a)		17,947		3,806,559
Angang Steel Co. Ltd., Class H(a)		39,000		16,228
Anhui Conch Cement Co. Ltd., Class A		4,900		38,604
Anhui Conch Cement Co. Ltd., Class H		11,000		80,147
BAIC Motor Corp. Ltd., Class H(b)		81,000		46,026
Bank of China Ltd., Class A		46,400		24,610
Bank of China Ltd., Class H		1,975,000		844,269
Bank of Communications Co. Ltd., Class A		92,500		74,865
Bank of Communications Co. Ltd., Class H		164,000		116,536
Baoshan Iron & Steel Co. Ltd., Class A		43,260		35,714
BBMG Corp., Class H		100,000		30,688
BeiGene Ltd., ADR(a)		339		56,193
Beijing Enterprises Holdings Ltd.		3,000		13,766
BOC Hong Kong Holdings Ltd.		132,500		459,964
BYD Electronic International Co. Ltd.		10,000		19,252
Changchun High & New Technology Industry Group, Inc., Class A		500		32,137
China Agri-Industries Holdings Ltd.		48,000		25,425
China Coal Energy Co. Ltd., Class H		200,000		79,370
China Construction Bank Corp., Class H		448,000		388,435
China Everbright Bank Co. Ltd., Class A		167,400		106,137
China Hongqiao Group Ltd.		65,500		39,502
China Life Insurance Co. Ltd., Class H		284,000		789,991
China Minsheng Banking Corp. Ltd., Class A(a)		30,200		27,391
China Mobile Ltd.		91,500		773,162
China Pacific Insurance Group Co. Ltd., Class H		23,200		91,408
China Petroleum & Chemical Corp., Class A		711,577		523,478
China Petroleum & Chemical Corp., Class H		1,208,000		727,374

SCHEDULES OF INVESTMENTS 11

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

Security	Shares		Value
China (continued)
China Railway Signal & Communication Corp. Ltd., Class H(b)		82,000	$	45,785
China Reinsurance Group Corp., Class H		397,000		65,250
China Shenhua Energy Co. Ltd., Class H		11,500		24,045
China Telecom Corp. Ltd., Class H		36,000		14,832
China Unicom Hong Kong Ltd.		70,000		65,913
CNOOC Ltd.		1,068,000		1,775,902
Dali Foods Group Co. Ltd.(b)		89,000		65,936
Datang International Power Generation Co. Ltd., Class H		242,000		46,268
Dongfang Electric Corp. Ltd., Class A		21,000		27,770
Dongfeng Motor Group Co. Ltd., Class H		32,000		30,105
Foshan Haitian Flavouring & Food Co. Ltd., Class A		2,100		32,488
Greentown China Holdings Ltd.		20,000		24,561
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H		22,000		75,158
Guotai Junan Securities Co. Ltd., Class H(b)		93,200		165,127
Huadian Power International Corp. Ltd., Class H		120,000		45,596
Industrial & Commercial Bank of China Ltd., Class A		34,300		28,996
Industrial & Commercial Bank of China Ltd., Class H		889,000		685,889
Industrial Bank Co. Ltd., Class A		11,200		31,880
Innovent Biologics, Inc.(a)(b)		6,000		20,479
JD.com, Inc. — ADR(a)		33,235		1,170,869
Jiangsu Hengrui Medicine Co. Ltd., Class A		12,700		159,873
Kaisa Group Holdings Ltd.(a)		57,000		27,210
Kweichow Moutai Co. Ltd., Class A		200		34,056
KWG Group Holdings Ltd.(a)		30,000		42,033
Legend Holdings Corp., Class H(b)		22,100		50,106
Lenovo Group Ltd.		112,000		75,214
Li Ning Co. Ltd.		21,500		64,485
Logan Property Holdings Co. Ltd.		52,000		87,251
Luxshare Precision Industry Co. Ltd., Class A		20,000		105,180
Metallurgical Corp. of China Ltd., Class H		343,000		77,025
MMG Ltd.(a)		48,000		14,423
NetEase, Inc. — ADR		300		91,992
New China Life Insurance Co. Ltd., Class H		4,700		20,206
New Oriental Education & Technology Group, Inc. — ADR(a)		1,157		140,286
Oppein Home Group, Inc., Class A		3,200		53,790
PetroChina Co. Ltd., Class H		1,468,000		738,984
Ping An Insurance Group Co. of China Ltd., Class H		9,000		106,501
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		2,700		34,825
Shenzhen Investment Ltd.		76,000		30,459
Shui On Land Ltd.		75,000		16,483
Sinopec Engineering Group Co. Ltd., Class H		41,500		24,839
Sinotrans Ltd., Class H		60,000		20,408
Sinotruk Hong Kong Ltd.		26,000		55,491
Sunny Optical Technology Group Co. Ltd.		1,100		19,059
Tencent Holdings Ltd.		57,700		2,779,762
Towngas China Co. Ltd.(a)		27,000		18,703
Uni-President China Holdings Ltd.		42,000		44,124
Vipshop Holdings Ltd. — ADR(a)		4,931		69,872
Wuliangye Yibin Co. Ltd., Class A		15,173		290,550
Yihai International Holding Ltd.(a)		9,000		52,832
Yuexiu Property Co. Ltd.		118,000		27,259
Yum China Holdings, Inc.		3,347		160,690
Yuzhou Properties Co. Ltd.		39,000		21,456
Zhejiang Semir Garment Co. Ltd., Class A		19,600		27,815
				19,458,863
Czech Republic — 0.0%
CEZ AS		4,099		92,123
Denmark — 0.4%
Carlsberg A/S, Class B		5,185		773,788
Chr Hansen Holding A/S		3,119		247,859
Genmab A/S(a)		543		120,765

Security	Shares		Value
Denmark (continued)
GN Store Nord A/S		4,400	$	206,979
H Lundbeck A/S		3,760		143,747
Royal Unibrew A/S		1,470		134,650
SimCorp A/S		790		89,829
				1,717,617
Finland — 0.5%
Fortum OYJ		10,905		269,173
Kone OYJ, Class B		29,876		1,953,527
TietoEVRY OYJ		6		186
				2,222,886
France — 3.7%
Bouygues SA		22,447		956,847
Christian Dior SE		2,778		1,427,868
Credit Agricole SA		23,321		339,352
Dassault Systemes SE		199		32,820
Edenred		13,988		724,920
Eiffage SA		305		34,992
Electricite de France SA		10,535		117,552
Engie SA		26,375		427,231
Gaztransport Et Technigaz SA		1,086		104,600
Kering SA		697		459,263
L’Oreal SA		11,073		3,274,368
Lagardere SCA		2,609		56,862
LVMH Moet Hennessy Louis Vuitton SE		6,338		2,953,214
Nexity SA		398		20,004
Pernod Ricard SA		6,547		1,171,504
Publicis Groupe SA		7,891		357,789
Renault SA		7,682		364,798
Rexel SA		2,765		36,776
Rubis SCA		942		57,967
Safran SA		1,932		298,415
Sanofi		881		88,477
Sartorius Stedim Biotech		465		77,184
Schneider Electric SE		5,621		577,500
SCOR SE		2,451		103,177
SPIE SA		1,317		26,917
Teleperformance		330		80,625
TOTAL SA		34,223		1,899,052
Veolia Environnement SA		1,144		30,440
Vinci SA		372		41,431
				16,141,945
Germany — 2.3%
adidas AG		489		158,959
Allianz SE, Registered Shares		12,454		3,051,576
alstria officeREIT-AG		6,291		118,198
Aroundtown SA		43,389		389,710
BASF SE		1,756		132,291
Bayer AG, Registered Shares		565		45,933
Bayerische Motoren Werke AG		9,893		810,293
CompuGroup Medical SE		653		46,695
CTS Eventim AG & Co. KGaA		2,410		151,211
Deutsche Pfandbriefbank AG(b)		6,365		103,664
Deutsche Post AG, Registered Shares		36,978		1,406,057
DWS Group GmbH & Co. KGaA(b)		160		5,681
Evonik Industries AG		12,430		379,641
Fielmann AG		852		68,764
Freenet AG		1,393		31,938
Grand City Properties SA		2,641		63,387
HeidelbergCement AG		316		22,962
Hochtief AG		1,673		213,000
Jenoptik AG		4		114
Merck KGaA		3,407		401,664
MTU Aero Engines AG		90		25,643

12 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

Security	Shares		Value
Germany (continued)
Rational AG		83	$	66,493
SAP SE		6,515		876,907
Siemens AG, Registered Shares		712		92,981
Software AG		11,767		409,698
Stroeer SE & Co. KGaA		224		18,047
TAG Immobilien AG(a)		633		15,721
Talanx AG		533		26,379
Telefonica Deutschland Holding AG		230,284		667,472
TUI AG		7		88
Uniper SE		1,666		55,064
Volkswagen AG		1,309		253,534
				10,109,765
Hong Kong — 0.3%
CK Asset Holdings Ltd.		8,500		61,338
CLP Holdings Ltd.		3,500		36,741
Hongkong Land Holdings Ltd.		82,600		475,120
Kingboard Laminates Holdings Ltd.		29,500		36,567
Melco Resorts & Entertainment Ltd. — ADR		7,185		173,661
Swire Pacific Ltd., Class A		16,000		148,635
Techtronic Industries Co. Ltd.		22,000		179,557
				1,111,619
Hungary — 0.3%
MOL Hungarian Oil & Gas PLC		86,321		860,458
OTP Bank Nyrt		9,845		515,484
				1,375,942
India — 1.0%
Aurobindo Pharma Ltd.		22,418		143,485
Bharat Electronics Ltd.		15,988		22,416
Bharat Forge Ltd.		6,014		40,731
Birlasoft Ltd.		4,888		4,842
Century Textiles & Industries Ltd.		1,239		8,288
Dr. Reddy’s Laboratories Ltd.		608		24,505
GAIL India Ltd.		17,584		29,807
HCL Technologies Ltd.		26,932		214,352
HDFC Bank Ltd.		16,440		293,348
HDFC Standard Life Insurance Co. Ltd.(b)		18,923		166,039
Hexaware Technologies Ltd.		3,256		15,268
Hindalco Industries Ltd.		15,879		48,139
Hindustan Petroleum Corp. Ltd.		7,395		27,353
Hindustan Unilever Ltd.		20,295		546,930
Housing Development Finance Corp. Ltd.		19,279		651,870
Indraprastha Gas Ltd.		3,927		23,564
IndusInd Bank Ltd.		3,486		73,760
Infosys Ltd.		36,345		374,282
Jindal Steel & Power Ltd.(a)		15,033		35,378
Jubilant Life Sciences Ltd.		1,486		11,180
KEC International Ltd.		2,445		10,352
Kotak Mahindra Bank Ltd.		9,069		214,048
KPIT Technologies Ltd.(a)		4,888		6,417
Larsen & Toubro Ltd.		5,657		102,904
Mahindra & Mahindra Ltd.		7,717		57,503
Mphasis Ltd.		1,076		13,903
National Aluminium Co. Ltd.		18,292		11,186
Nestle India Ltd.		151		31,278
Petronet LNG Ltd.		9,296		34,909
Pidilite Industries Ltd.		4,792		93,110
Reliance Industries Ltd.		3,128		66,351
Sun Pharmaceutical Industries Ltd.		3,120		18,907
Tata Consultancy Services Ltd.		10,029		303,730
Tata Global Beverages Ltd.		16,645		74,937
Tech Mahindra Ltd.		22,153		236,588
UltraTech Cement Ltd.		925		52,452
United Breweries Ltd.		1,364		24,270

Security	Shares		Value
India (continued)
United Spirits Ltd.(a)		37,280	$	313,248
				4,421,630
Indonesia — 0.1%
Bank Central Asia Tbk PT		160,300		385,522
Bank Mandiri Persero Tbk PT		208,900		115,431
Bank Negara Indonesia Persero Tbk PT		52,100		29,411
Bank Rakyat Indonesia Persero Tbk PT		55,900		17,694
Bukit Asam Tbk PT		92,500		17,693
Pabrik Kertas Tjiwi Kimia Tbk PT		24,400		18,033
				583,784
Ireland — 0.1%
AerCap Holdings NV(a)		349		21,453
Kingspan Group PLC		1,756		107,250
Smurfit Kappa Group PLC		2,295		88,489
UDG Healthcare PLC		2,201		23,532
				240,724
Israel — 0.1%
Bank LeumiLe-Israel BM		12,294		89,659
Check Point Software Technologies Ltd.(a)		2,056		228,134
				317,793
Italy — 0.2%
A2A SpA		10,882		20,435
Ferrari NV		4,999		830,012
Interpump Group SpA		1,103		34,940
Italgas SpA		2,605		15,926
				901,313
Japan — 6.0%
Advantest Corp.		200		11,280
AGC, Inc.		9,300		332,549
Asahi Kasei Corp.		7,800		87,582
Astellas Pharma, Inc.		23,900		407,973
Canon, Inc.		1,600		43,790
Central Japan Railway Co.		1,600		321,710
Chubu Electric Power Co., Inc.		1,900		26,858
Chugai Pharmaceutical Co. Ltd.		2,100		193,400
Citizen Watch Co. Ltd.		4,900		26,686
Dai-ichi Life Holdings, Inc.		45,200		744,908
Daikin Industries Ltd.		200		28,218
Daiwa House Industry Co. Ltd.		3,700		114,540
Denka Co. Ltd.		600		17,837
Dentsu, Inc.		1,000		34,456
DIC Corp.		700		19,319
East Japan Railway Co.		9,900		893,593
Eisai Co. Ltd.		3,300		246,926
Electric Power Development Co. Ltd.		500		12,136
Fancl Corp.		800		21,299
Fast Retailing Co. Ltd.		1,700		1,009,926
Fuji Media Holdings, Inc.		1,100		15,618
Furukawa Electric Co. Ltd.		700		17,920
GS Yuasa Corp.		400		8,622
Honda Motor Co. Ltd.		23,500		665,086
Inpex Corp.		2,200		22,791
Isuzu Motors Ltd.		1,700		20,095
Izumi Co. Ltd.		500		18,009
Japan Post Bank Co. Ltd.		3,300		31,663
Japan Post Holdings Co. Ltd.		44,300		416,618
Japan Post Insurance Co. Ltd.		13,200		225,014
JFE Holdings, Inc.		20,400		261,761
JXTG Holdings, Inc.		351,000		1,593,040
Kajima Corp.		7,600		101,043
Kaneka Corp.		1,400		44,837
Kansai Electric Power Co., Inc.		11,400		132,067

SCHEDULES OF INVESTMENTS 13

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

Security	Shares		Value
Japan (continued)
Kao Corp.		8,200	$	676,296
KDDI Corp.		27,700		826,467
Kirin Holdings Co. Ltd.		38,100		831,592
Kobe Steel Ltd.(a)		15,500		83,051
Konica Minolta, Inc.		22,700		147,870
Lintec Corp.		700		15,584
LIXIL Group Corp.		6,200		106,992
Mazda Motor Corp.		25,600		218,149
MEIJI Holdings Co. Ltd.		200		13,516
Mitsubishi Chemical Holdings Corp.		18,500		137,847
Mitsubishi Gas Chemical Co., Inc.		8,300		126,444
Mitsubishi Heavy Industries Ltd.		6,900		267,560
Mitsubishi Motors Corp.		21,300		88,784
Mitsubishi UFJ Financial Group, Inc.		411,800		2,226,328
Mizuho Financial Group, Inc.		60,700		93,503
MS&AD Insurance Group Holdings, Inc.		7,300		240,963
Nichirei Corp.		700		16,352
Nippon Electric Glass Co. Ltd.		13,000		288,599
Nippon Shokubai Co. Ltd.		700		43,378
Nippon Steel Corp.		11,200		168,817
Nippon Telegraph & Telephone Corp.		4,800		121,314
Nippon Television Holdings, Inc.		1,500		20,012
Nissan Motor Co. Ltd.		169,200		980,469
Nitto Denko Corp.		8,500		477,936
NTN Corp.		6,100		19,075
Oji Holdings Corp.		36,300		196,310
ORIX Corp.		41,600		689,369
Otsuka Holdings Co. Ltd.		5,100		227,329
Penta-Ocean Construction Co. Ltd.		3,100		19,191
PeptiDream, Inc.(a)		800		40,883
Pola Orbis Holdings, Inc.		14,500		345,376
Recruit Holdings Co. Ltd.		13,100		490,665
Resona Holdings, Inc.		24,400		106,348
Sanwa Holdings Corp.		1,400		15,688
SCSK Corp.		900		46,669
Secom Co. Ltd.		2,300		205,258
Seino Holdings Co Ltd.		1,000		13,511
Seria Co. Ltd.		800		21,795
Seven & i Holdings Co. Ltd.		13,600		498,513
Shin-Etsu Chemical Co. Ltd.		1,600		175,957
Shionogi & Co. Ltd.		300		18,558
Sompo Holdings, Inc.		500		19,635
Sumitomo Chemical Co. Ltd.		76,300		346,445
Sumitomo Corp.		16,300		242,109
Sumitomo Mitsui Financial Group, Inc.		39,200		1,447,866
Sumitomo Mitsui Trust Holdings, Inc.		2,300		90,921
Sundrug Co. Ltd.		3,600		130,255
Suntory Beverage & Food Ltd.		1,000		41,749
T&D Holdings, Inc.		34,200		432,483
Taiheiyo Cement Corp.		800		23,482
Taisei Corp.		10,900		451,489
Taisho Pharmaceutical Holdings Co. Ltd.		300		22,138
Takashimaya Co. Ltd.		1,500		16,826
Takeda Pharmaceutical Co. Ltd.		31,200		1,234,028
Tokio Marine Holdings, Inc.		2,000		111,978
Tokyo Electron Ltd.		1,200		261,996
Toyota Motor Corp.		2,100		147,969
Trend Micro, Inc.		5,500		281,434
Ube Industries Ltd.		20,900		452,657
Ulvac, Inc.		1,800		71,035
Yamada Denki Co. Ltd.		4,100		21,755
Yamaha Motor Co. Ltd.		11,800		236,389
Yamato Holdings Co. Ltd.		10,700		182,431
Zenkoku Hosho Co. Ltd.		600		25,477

Security	Shares		Value
Japan (continued)
Zeon Corp.		9,200	$	114,490
				25,924,525
Luxembourg — 0.0%
Aperam SA		1,442		46,321
Reinet Investments SCA		1,326		26,272
				72,593
Macau — 0.0%
Sands China Ltd.		9,600		51,293
Malaysia — 0.1%
Genting Bhd		26,800		39,658
Public Bank Bhd		38,200		181,684
QL Resources Bhd		12,500		24,849
Tenaga Nasional Bhd		19,800		64,221
				310,412
Mexico — 0.4%
Alsea SAB de CV(a)		7,900		20,820
America Movil SAB de CV, Series L		1,475,900		1,178,690
Cemex SAB de CV CPO		323,810		121,252
Fomento Economico Mexicano SAB de CV		3,045		28,774
Grupo Aeroportuario del Centro Norte SAB de CV		4,800		36,006
Grupo Financiero Banorte SAB de CV, Series O		8,900		49,731
Megacable Holdings SAB de CV CPO		6,900		28,261
Orbia Advance Corp. SAB de CV		12,300		26,230
				1,489,764
Netherlands — 1.7%
ABN AMRO Group NV CVA(b)		13,276		241,973
Aegon NV		159,217		728,832
Akzo Nobel NV		1,906		194,648
ASM International NV		1,787		201,703
ASR Nederland NV		14,052		526,605
BE Semiconductor Industries NV(c)		984		38,202
GrandVision NV(b)		575		17,683
ING Groep NV		3,263		39,229
NN Group NV		90,275		3,432,505
NXP Semiconductors NV		2,075		264,065
Royal Dutch Shell PLC, B Shares		20,241		600,827
Royal Dutch Shell PLC, Class A		37,596		1,113,376
Wereldhave NV		1		23
				7,399,671
Norway — 0.0%
Schibsted ASA, Class A		914		27,653
Poland — 0.3%
Bank Polska Kasa Opieki SA		8,716		230,656
Grupa Lotos SA		4,354		95,919
PGE Polska Grupa Energetyczna SA(a)		17,114		35,862
Polski Koncern Naftowy ORLEN SA		37,111		839,434
Powszechna Kasa Oszczednosci Bank Polski SA		8,547		77,595
				1,279,466
Russia — 0.3%
Alrosa PJSC		26,770		36,368
Gazprom PJSC		88,684		366,414
Inter RAO UES PJSC		386,000		31,395
LUKOIL PJSC		3,353		332,788
Magnit PJSC — GDR		3,609		43,507
Magnitogorsk Iron & Steel Works PJSC		28,400		19,207
MMC Norilsk Nickel PJSC		540		166,130
Mobile TeleSystems PJSC — ADR		5,512		55,947
Novatek PJSC — GDR		760		154,280
PhosAgro PJSC, — GDR		1,139		14,465
Severstal PJSC		2,180		32,970

14 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

Security	Shares		Value
Russia (continued)
Surgutneftegas PJSC		63,375	$	51,555
Tatneft PJSC		13,770		168,689
				1,473,715
Singapore — 0.1%
CapitaLand Mall Trust		69,700		127,590
Suntec Real Estate Investment Trust		69,200		94,731
				222,321
South Africa — 0.9%
Anglo American Platinum Ltd.		4,469		417,139
Anglo American PLC(c)		59,540		1,695,954
AngloGold Ashanti Ltd.		742		16,855
Barloworld Ltd.		2,010		16,178
Bidvest Group Ltd.		31,477		460,199
Clicks Group Ltd.		2,327		42,631
FirstRand Ltd.		23,954		107,481
Impala Platinum Holdings Ltd.(a)		2,545		26,003
Investec Ltd.		9,546		56,600
Kumba Iron Ore Ltd.		7,303		217,281
MultiChoice Group Ltd.(a)		845		7,040
Naspers Ltd., Class N		1,795		293,746
Standard Bank Group Ltd.		27,747		333,740
Tiger Brands Ltd.		1,230		18,515
				3,709,362
South Korea — 0.7%
Amorepacific Corp.(a)		195		33,582
Celltrion, Inc.(a)		853		132,971
Fila Korea Ltd.(a)		516		23,578
Helixmith Co. Ltd.(a)		207		16,492
Hyundai Engineering & Construction Co. Ltd.(a)		368		13,424
Hyundai Mobis Co. Ltd.		381		84,293
Hyundai Motor Co.		698		72,701
KB Financial Group, Inc.		591		24,348
Kia Motors Corp.(a)		1,403		53,581
Korea Electric Power Corp.		2,185		52,424
LG Electronics, Inc.		2,875		178,587
LG Household & Health Care Ltd.(a)		46		49,968
Medy-Tox, Inc.		54		14,043
POSCO		4,388		891,921
Samsung Electronics Co. Ltd.		30,068		1,448,882
SillaJen, Inc.(a)		770		9,638
SK Innovation Co. Ltd.		131		16,954
				3,117,387
Spain — 0.3%
Acciona SA		2,856		301,127
Acerinox SA		2,583		29,187
Aena SME SA(b)		164		31,442
CaixaBank SA		9,008		28,367
EDP Renovaveis SA		17		200
Endesa SA		1,047		27,960
Grifols SA		2,493		88,081
Repsol SA		15,649		245,848
Telefonica SA		72,653		508,070
				1,260,282
Sweden — 0.4%
Assa Abloy AB, Class B		7,531		176,040
Kinnevik AB, Class B		1,457		35,704
Volvo AB, Class B		87,971		1,472,739
				1,684,483
Switzerland — 3.0%
Barry Callebaut AG, Registered Shares		16		35,320
Bucher Industries AG, Registered Shares		36		12,634

Security	Shares		Value
Switzerland (continued)
Clariant AG, Registered Shares(a)		768	$	17,163
Flughafen Zuerich AG, Registered Shares		424		77,393
LafargeHolcim Ltd., Registered Shares(a)		20,295		1,125,915
Logitech International SA, Registered Shares		22,023		1,043,290
Nestle SA, Registered Shares		14,911		1,614,342
Novartis AG, Registered Shares		26,689		2,527,170
Pargesa Holding SA, Bearer Shares		905		75,189
PSP Swiss Property AG, Registered Shares		2,623		362,170
Roche Holding AG		13,982		4,544,187
Sika AG, Registered Shares		558		104,790
Straumann Holding AG, Registered Shares		601		589,540
Sunrise Communications Group AG(a)(b)		6,466		507,986
Zurich Insurance Group AG		867		355,643
				12,992,732
Taiwan — 2.0%
Accton Technology Corp.		5,000		28,068
Cathay Financial Holding Co. Ltd.		288,595		409,768
Chailease Holding Co. Ltd.		4,120		18,993
China Life Insurance Co. Ltd.(a)		22,883		19,536
China Steel Corp.		90,000		71,809
Chipbond Technology Corp.		10,000		22,473
Compeq Manufacturing Co. Ltd.		14,000		21,111
CTBC Financial Holding Co. Ltd.		458,000		342,649
Delta Electronics, Inc.		28,000		141,690
Fubon Financial Holding Co. Ltd.		596,000		922,986
Hon Hai Precision Industry Co. Ltd.		36,000		109,207
Largan Precision Co. Ltd.		3,000		501,115
MediaTek, Inc.		66,000		977,927
Novatek Microelectronics Corp.		19,000		139,213
Quanta Computer, Inc.		41,000		88,073
Radiant Opto-Electronics Corp.		27,000		108,105
Realtek Semiconductor Corp.		24,000		188,597
TaiMed Biologics, Inc.(a)		2,000		6,607
Taiwan Semiconductor Manufacturing Co. Ltd.		316,000		3,497,432
TPK Holding Co. Ltd.(a)		11,000		20,862
Uni-President Enterprises Corp.		311,000		771,226
Unimicron Technology Corp.		20,000		28,181
				8,435,628
Thailand — 0.2%
B Grimm Power PCL		10,200		17,844
Berli Jucker PCL — NVDR		218,700		306,261
CP ALL PCL — NVDR		137,400		331,075
Gulf Energy Development PCL		2,500		13,855
Gulf Energy Development PCL — NVDR		8,300		45,917
Muangthai Leasing PCL — NVDR		16,600		35,280
				750,232
Turkey — 0.4%
Akbank TAS(a)		110,584		150,629
Enerjisa Enerji AS(b)		11,627		14,433
Haci Omer Sabanci Holding AS		155,714		249,742
KOC Holding AS		57,770		197,428
Migros Ticaret AS(a)		3,866		15,737
Pegasus Hava Tasimaciligi AS(a)		1,356		19,685
Petkim Petrokimya Holding AS(a)		30,411		19,474
Tekfen Holding AS		22,921		74,446
Tupras Turkiye Petrol Rafinerileri AS		6,588		140,372
Turk Telekomunikasyon AS(a)		81,933		101,446
Turkiye Garanti Bankasi AS(a)		251,254		470,554
Turkiye Is Bankasi AS, Class C(a)		140,511		151,321
Turkiye Sise ve Cam Fabrikalari AS		20,981		18,577
Yapi ve Kredi Bankasi AS(c)		68,856		28,693
				1,652,537

SCHEDULES OF INVESTMENTS 15

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

Security	Shares		Value
United Kingdom — 4.3%
Ashtead Group PLC		5,187	$	165,853
AstraZeneca PLC		3,568		357,128
Auto Trader Group PLC(b)		21,606		170,626
Aviva PLC		3,014		16,729
Barratt Developments PLC		9,367		92,747
Bellway PLC		1,480		74,699
boohoo Group PLC(a)		13,486		53,216
BP PLC		5,225		32,869
British American Tobacco PLC		16,246		690,489
Britvic PLC		1,423		17,054
Centrica PLC		160,157		189,445
CK Hutchison Holdings Ltd.		106,500		1,015,529
Coca-Cola European Partners PLC		1,599		81,357
Compass Group PLC		23,453		587,774
DCC PLC		1,016		88,127
Dechra Pharmaceuticals PLC		2,843		109,313
Diageo PLC		70,282		2,961,448
Dialog Semiconductor PLC(a)		11,409		579,431
Direct Line Insurance Group PLC		23,450		97,026
Electrocomponents PLC		14,259		128,247
Experian PLC		31,871		1,080,409
GlaxoSmithKline PLC		74,042		1,739,767
Greggs PLC		1,453		44,320
Halma PLC		1,511		42,312
HomeServe PLC		11,147		186,634
HSBC Holdings PLC		12,111		94,810
IG Group Holdings PLC		16,047		147,728
Imperial Brands PLC		10,662		263,781
Intertek Group PLC		17,044		1,320,708
J. Sainsbury PLC		129,089		393,625
JD Sports Fashion PLC		18,123		201,303
John Wood Group PLC		7,585		40,229
Liberty Global PLC, Class C(a)		1,554		33,869
Linde PLC		213		45,348
Moneysupermarket.com Group PLC		11,247		49,372
National Grid PLC		63,945		799,131
Pearson PLC		1,295		10,940
Pennon Group PLC		3,393		46,022
Petrofac Ltd.		31,063		158,389
RELX PLC		796		20,094
Rentokil Initial PLC		182,963		1,096,601
Rightmove PLC		26,290		220,603
Rotork PLC		3,832		17,034
Royal Mail PLC		30,588		91,992
Severn Trent PLC		1,294		43,108
SSE PLC		6,612		126,106
SSP Group PLC		12,134		104,466
Subsea 7 SA		64,242		768,534
Taylor Wimpey PLC		14,337		36,761
TechnipFMC PLC		1,486		31,860
Unilever PLC		7,713		441,512
Virgin Money UK PLC		11,228		27,608
Vodafone Group PLC		390,991		759,059
WH Smith PLC		1,562		53,832
WM Morrison Supermarkets PLC		197,753		523,363
				18,570,337
United States — 54.7%
3M Co.		11,918		2,102,574
Abbott Laboratories		6,000		521,160
AbbVie, Inc.		12,356		1,094,000
Accenture PLC, Class A		4,328		911,347
ACI Worldwide, Inc.(a)		3		114
Activision Blizzard, Inc.		2,166		128,704
Adobe, Inc.(a)		1,540		507,907

Security	Shares		Value
United States (continued)
AGCO Corp.		1,176	$	90,846
Alcoa Corp.(a)		1,021		21,962
Alexion Pharmaceuticals, Inc.(a)		1,931		208,838
Allegion PLC		13,195		1,643,305
Allergan PLC		2,715		519,027
Allstate Corp.		3,462		389,302
Alnylam Pharmaceuticals, Inc.(a)		897		103,307
Alphabet, Inc., Class A(a)		3,028		4,055,673
Alphabet, Inc., Class C(a)		2,554		3,414,749
Altria Group, Inc.		23,236		1,159,709
Amazon.com, Inc.(a)		4,440		8,204,410
Amcor PLC		65,707		718,454
Amdocs Ltd.		456		32,919
Ameren Corp.		1,377		105,754
American Tower Corp.		472		108,475
Amgen, Inc.		5,012		1,208,243
AMN Healthcare Services, Inc.(a)		655		40,813
Amphenol Corp., Class A		173		18,724
Analog Devices, Inc.		2,103		249,921
Anthem, Inc.		2,161		652,687
Apartment Investment & Management Co., Class A		351		18,129
Apple Hospitality REIT, Inc.		62,577		1,016,876
Apple, Inc.		28,491		8,366,382
Applied Materials, Inc.		1,904		116,220
Associated Banc-Corp		768		16,927
AT&T, Inc.		65,289		2,551,494
Atlassian Corp. PLC, Class A(a)		987		118,776
Automatic Data Processing, Inc.		229		39,045
AutoZone, Inc.(a)		444		528,942
Avangrid, Inc.		2,905		148,620
Avery Dennison Corp.		582		76,137
Avista Corp.		5,378		258,628
Avnet, Inc.		1,292		54,832
Bank of Hawaii Corp.		658		62,615
Bank of New York Mellon Corp.		2,723		137,049
Bank OZK		770		23,489
Bausch Health Cos., Inc.(a)		2,147		64,267
Bio-Rad Laboratories, Inc., Class A(a)		1,627		602,039
Biogen, Inc.(a)		1,541		457,261
BioMarin Pharmaceutical, Inc.(a)		1,483		125,388
Booking Holdings, Inc.(a)		84		172,513
BorgWarner, Inc.		471		20,432
Bright Horizons Family Solutions, Inc.(a)		756		113,619
Bristol-Myers Squibb Co.		29,763		1,910,487
Broadcom, Inc.		1,039		328,345
Broadridge Financial Solutions, Inc.		1,776		219,407
Brown & Brown, Inc.		1,266		49,982
BRP, Inc.		323		14,715
Bruker Corp.		607		30,939
Burlington Stores, Inc.(a)		1,055		240,572
Cable One, Inc.		18		26,792
CACI International, Inc., Class A(a)		119		29,749
Camden Property Trust		672		71,299
Carlisle Cos., Inc.		497		80,434
CDW Corp.		10,697		1,527,959
Centene Corp.(a)		4,902		308,189
Charter Communications, Inc., Class A(a)		2,488		1,206,879
Chimera Investment Corp.		1,141		23,459
Cigna Corp.		2,204		450,696
Cinemark Holdings, Inc.		7,934		268,566
Cintas Corp.		2,783		748,850
Cirrus Logic, Inc.(a)		1,400		115,374
CIT Group, Inc.		24,007		1,095,439
Citizens Financial Group, Inc.		53,098		2,156,310

16 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
Citrix Systems, Inc.		1,419	$	157,367
Coca-Cola Co.		29,933		1,656,792
Comcast Corp., Class A		81,849		3,680,750
Comerica, Inc.		4,116		295,323
Copart, Inc.(a)		9,604		873,388
Cornerstone OnDemand, Inc.(a)		491		28,748
CoStar Group, Inc.(a)		1,914		1,145,146
Costco Wholesale Corp.		876		257,474
Crane Co.		10,972		947,761
Curtiss-Wright Corp.		1,068		150,471
CVS Health Corp.		18,767		1,394,200
Danaher Corp.		2,176		333,972
DexCom, Inc.(a)		137		29,967
Discover Financial Services		1,966		166,756
Discovery, Inc., Class A(a)		8,978		293,940
Discovery, Inc., Class C(a)		2,876		87,689
Dolby Laboratories, Inc., Class A		275		18,920
Dollar General Corp.		9,093		1,418,326
Douglas Emmett, Inc.		567		24,891
Dunkin’ Brands Group, Inc.		6,310		476,657
DuPont de Nemours, Inc.		14,357		921,719
DXC Technology Co.		1,636		61,497
East West Bancorp, Inc.		12,161		592,241
EastGroup Properties, Inc.		193		25,605
Eastman Chemical Co.		3,130		248,084
Eaton Corp. PLC		3,881		367,608
Ecolab, Inc.		18,745		3,617,598
Edwards Lifesciences Corp.(a)		6,359		1,483,491
Electronic Arts, Inc.(a)		1,331		143,096
Entegris, Inc.		1,150		57,604
Equity LifeStyle Properties, Inc.		147		10,347
Essent Group Ltd.		344		17,885
Estee Lauder Cos., Inc., Class A		6,783		1,400,961
Evergy, Inc.		13,511		879,431
Exact Sciences Corp.(a)		1,207		111,623
Extended Stay America, Inc.		47,093		699,802
Exxon Mobil Corp.		28,350		1,978,263
Facebook, Inc., Class A(a)		36,324		7,455,501
FactSet Research Systems, Inc.		1,132		303,716
Fifth Third Bancorp		5,429		166,887
First American Financial Corp.		10,046		585,883
First Horizon National Corp.		72,410		1,199,110
FirstCash, Inc.		218		17,577
FleetCor Technologies, Inc.(a)		1,048		301,531
Fluor Corp.		3,046		57,508
FNB Corp.		3,964		50,343
Ford Motor Co.		182,992		1,701,826
Fortinet, Inc.(a)		6,682		713,370
Gartner, Inc.(a)		803		123,742
GATX Corp.		190		15,742
General Dynamics Corp.		6,483		1,143,277
General Mills, Inc.		2,613		139,952
Gentex Corp.		5,290		153,304
Gilead Sciences, Inc.		10,504		682,550
Global Payments, Inc.		908		165,764
Globe Life, Inc.		3,812		401,213
Globus Medical, Inc., Class A(a)		444		26,143
GoDaddy, Inc., Class A(a)		30,181		2,049,894
Goodyear Tire & Rubber Co.		3,293		51,223
HCA Healthcare, Inc.		8,881		1,312,701
HEICO Corp.		6,342		723,939
HEICO Corp., Class A		1,262		112,987
Henry Schein, Inc.(a)		257		17,147
Hexcel Corp.		264		19,354

Security	Shares		Value
United States (continued)
Hill-Rom Holdings, Inc.		8,660	$	983,170
Hologic, Inc.(a)		9,706		506,750
Home Depot, Inc.		5,983		1,306,568
Honeywell International, Inc.		24,842		4,397,034
Hubbell, Inc.		530		78,345
IDACORP, Inc.		9,060		967,608
IDEX Corp.		2,056		353,632
IDEXX Laboratories, Inc.(a)		1,584		413,630
IHS Markit Ltd.(a)		19,998		1,506,849
Incyte Corp.(a)		1,577		137,704
Ingredion, Inc.		1,011		93,972
Insulet Corp.(a)		413		70,706
Intel Corp.		21,337		1,277,019
Intercontinental Exchange, Inc.		14,063		1,301,531
International Business Machines Corp.		2,315		310,303
Interpublic Group of Cos., Inc.		73,026		1,686,901
Intuit, Inc.		7,899		2,068,985
Invesco Ltd.		15,223		273,710
Investors Bancorp, Inc.		3,927		46,790
Ionis Pharmaceuticals, Inc.(a)		1,262		76,237
j2 Global, Inc.(a)		316		29,612
Jack Henry & Associates, Inc.		325		47,343
James Hardie Industries PLC		14,288		279,251
JBS SA		52,261		335,181
Johnson & Johnson		33,991		4,958,267
JPMorgan Chase & Co.		6,983		973,430
Juniper Networks, Inc.		4,605		113,421
Keysight Technologies, Inc.(a)		554		56,857
KLA Corp.		1,888		336,385
Kraft Heinz Co.		3,850		123,700
L3Harris Technologies, Inc.		2,229		441,052
Laboratory Corp. of America Holdings(a)		825		139,565
Lam Research Corp.		3,589		1,049,424
Lennar Corp., Class A		5,361		299,090
Life Storage, Inc.		5,507		596,298
Lockheed Martin Corp.		7,405		2,883,359
Lowe’s Cos., Inc.		254		30,419
Lululemon Athletica, Inc.(a)		200		46,334
Manhattan Associates, Inc.(a)		1,350		107,662
Marsh & McLennan Cos., Inc.		487		54,257
Masimo Corp.(a)		698		110,326
Mastercard, Inc., Class A		11,523		3,440,653
Match Group, Inc.(a)		997		81,864
Maxim Integrated Products, Inc.		1,142		70,244
McCormick & Co., Inc.		109		18,501
McDonald’s Corp.		17,359		3,430,312
MDU Resources Group, Inc.		15,674		465,675
Medtronic PLC		12,577		1,426,861
Merck & Co., Inc.		5,993		545,063
MetLife, Inc.		20,059		1,022,407
MGIC Investment Corp.		3,564		50,502
Microsoft Corp.		77,478		12,218,281
Mid-America Apartment Communities, Inc.		874		115,246
Molson Coors Brewing Co., Class B		6,747		363,663
Monolithic Power Systems, Inc.		200		35,604
Moody’s Corp.		2,292		544,144
Morgan Stanley		57,911		2,960,410
Motorola Solutions, Inc.		6,992		1,126,691
MSC Industrial Direct Co., Inc., Class A		4,584		359,706
MSCI, Inc.		219		56,541
National Instruments Corp.		11,561		489,493
Neurocrine Biosciences, Inc.(a)		727		78,145
NIKE, Inc., Class B		17,814		1,804,736
Nordson Corp.		225		36,639

SCHEDULES OF INVESTMENTS 17

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
nVent Electric PLC		840	$	21,487
NVIDIA Corp.		6,010		1,414,153
O’Reilly Automotive, Inc.(a)		539		236,222
Omnicom Group, Inc.		661		53,554
OneMain Holdings, Inc.		624		26,302
Oshkosh Corp.		378		35,778
Outfront Media, Inc.		4,526		121,387
PACCAR, Inc.		1,701		134,549
PacWest Bancorp		34,634		1,325,443
Palo Alto Networks, Inc.(a)		878		203,037
Park Hotels & Resorts, Inc.		83,606		2,162,887
Paychex, Inc.		17,790		1,513,217
Paylocity Holding Corp.(a)		1,181		142,688
PayPal Holdings, Inc.(a)		2,617		283,081
Penske Automotive Group, Inc.		9,242		464,133
PepsiCo, Inc.		3,867		528,503
Performance Food Group Co.(a)		2,948		151,763
Pfizer, Inc.		103,498		4,055,052
Philip Morris International, Inc.		14,277		1,214,830
Pinnacle West Capital Corp.		2,511		225,814
Pool Corp.		82		17,415
PotlatchDeltic Corp.		2		87
PPG Industries, Inc.		6,777		904,662
PPL Corp.		14,395		516,493
Procter & Gamble Co.		25,646		3,203,185
Prologis, Inc.		912		81,296
Proofpoint, Inc.(a)		171		19,627
Prudential Financial, Inc.		29,587		2,773,485
QUALCOMM, Inc.		8,551		754,455
Quest Diagnostics, Inc.		7,203		769,208
Radian Group, Inc.		887		22,317
Raytheon Co.		2,318		509,357
Regal-Beloit Corp.		2,353		201,440
Regeneron Pharmaceuticals, Inc.(a)		692		259,832
Regions Financial Corp.		7,944		136,319
Reinsurance Group of America, Inc.		91		14,838
Reliance Steel & Aluminum Co.		1,049		125,628
RingCentral, Inc., Class A(a)		3,588		605,188
RLJ Lodging Trust		45,326		803,177
Roper Technologies, Inc.		356		126,106
Ross Stores, Inc.		220		25,612
RPM International, Inc.		492		37,766
Ryder System, Inc.		2,286		124,153
S&P Global, Inc.		15,230		4,158,551
Sabra Health Care REIT, Inc.		1,282		27,358
salesforce.com, Inc.(a)		27,745		4,512,447
Sarepta Therapeutics, Inc.(a)		664		85,683
ScottsMiracle-Gro Co.		210		22,298
Seattle Genetics, Inc.(a)		958		109,461
ServiceNow, Inc.(a)		3,861		1,090,038
Sherwin-Williams Co.		3,000		1,750,620
Simon Property Group, Inc.		14,104		2,100,932
Sirius XM Holdings, Inc.(c)		314,038		2,245,372
SL Green Realty Corp.		3,049		280,142
Snap-on, Inc.		4,016		680,310
Southwest Gas Holdings, Inc.(a)		1,105		83,947
STAG Industrial, Inc.		3,485		110,021
Starwood Property Trust, Inc.		1,085		26,973
Stifel Financial Corp.		208		12,615
Stryker Corp.		10,508		2,206,050
Sunstone Hotel Investors, Inc.		1,338		18,625
Synchrony Financial		1,162		41,844
Synovus Financial Corp.		17,730		695,016
TCF Financial Corp.		2,322		108,670

Security	Shares		Value
United States (continued)
TE Connectivity Ltd.		1,230	$	117,883
Teledyne Technologies, Inc.(a)		9,018		3,125,098
Telephone & Data Systems, Inc.		2,113		53,734
Tempur Sealy International, Inc.(a)		259		22,549
Texas Instruments, Inc.		1,429		183,326
Thermo Fisher Scientific, Inc.		1,674		543,832
TJX Cos., Inc.		2,318		141,537
TransDigm Group, Inc.		26		14,560
TransUnion		4,650		398,086
Travelers Cos., Inc.		372		50,945
Two Harbors Investment Corp.		6,860		100,293
U.S. Bancorp		1,335		79,152
UGI Corp.		7,215		325,829
Umpqua Holdings Corp.		4,008		70,942
United Parcel Service, Inc., Class B		964		112,846
United Technologies Corp.		10,961		1,641,519
UnitedHealth Group, Inc.		6,542		1,923,217
Unum Group		35,466		1,034,189
Vail Resorts, Inc.		84		20,146
Valvoline, Inc.		877		18,777
Veeva Systems, Inc., Class A(a)		6,340		891,784
VeriSign, Inc.(a)		1,402		270,137
Verizon Communications, Inc.		56,848		3,490,467
Vertex Pharmaceuticals, Inc.(a)		2,184		478,187
VF Corp.		738		73,549
Visa, Inc., Class A		32,391		6,086,269
Voya Financial, Inc.		804		49,028
Vulcan Materials Co.		306		44,061
Watsco, Inc.		1,871		337,061
Webster Financial Corp.		3,332		177,796
Wells Fargo & Co.		33,668		1,811,338
West Pharmaceutical Services, Inc.		252		37,883
Westrock Co.		18,379		788,643
Wintrust Financial Corp.		2,146		152,151
Woodward, Inc.		652		77,223
WR Grace & Co.		534		37,300
Xcel Energy, Inc.		949		60,252
Xylem, Inc.		3,003		236,606
Yelp, Inc.(a)		3,333		116,088
Zendesk, Inc.(a)		768		58,852
Zions Bancorp. NA		3,709		192,571
Zoetis, Inc.		16,498		2,183,510
Zynga, Inc., Class A(a)		6,676		40,857
				235,947,253
Total Common Stocks — 96.6% (Cost — $366,852,423)				416,655,719
Preferred Stocks — 0.6%
Brazil — 0.5%
Banco Bradesco SA, Preference Shares, 0.00%(a)		85,487		768,654
Itau Unibanco Holding SA, Preference Shares, 0.00%		160,865		1,483,603
				2,252,257
Germany — 0.1%
Henkel AG & Co. KGaA, Preference Shares, 0.00%		2,238		231,186
Sartorius AG, Preference Shares, 0.00%		867		185,332
				416,518
Russia — 0.0%
Surgutneftegas PJSC, Preference Shares, 0.00%		81,693		49,743
South Korea — 0.0%
Samsung Electronics Co. Ltd., Preference Shares, 0.00%		1,243		48,666
Total Preferred Stocks — 0.6% (Cost — $2,605,389)				2,767,184

18 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

Security	Shares		Value
Rights — 0.0%
China — 0.0%
Legend Holdings Corp. (Expires 02/05/20)		1,700	$	—
Spain — 0.0%
Repsol SA, (Expires 01/21/20)(a)		56,493		26,805
United States — 0.0%
Bristol-Myers Squibb Co., (Expires 03/31/21)(a)		6,002		18,066
Total Rights — 0.0% (Cost — $39,500)				44,871
Total Long-Term Investments — 97.2% (Cost — $369,497,312)				419,467,774
Short-Term Securities — 5.2%
Money Market Funds — 1.0%
BlackRock Liquidity Funds,T-Fund, Institutional Class, 1.52%(d)(f)	USD	2,267,986		2,267,986
SL Liquidity Series, LLC, Money Market Series, 1.87%(d)(e)(f)		1,941,170		1,941,559
Total Money Market Funds — 1.0% (Cost — $4,209,496)				4,209,545
	Par (000)
Time Deposits — 4.2%
Australia — 0.4%
Brown Brothers Harriman & Co., 0.35%, 01/02/20	AUD	2,492		1,748,477
Canada — 1.0%
Brown Brothers Harriman & Co., 0.84%, 01/02/20	CAD	5,595		4,308,606

Security	Par (000)		Value
Europe — 0.4%
BNP Paribas SA, (0.67%), 01/02/20	EUR	1,454	$	1,630,583
Hong Kong — 0.3%
Hongkong & Shanghai Banking Corp. Ltd., 0.79%, 01/02/20	HKD	8,836		1,134,004
Japan — 1.4%
Sumitomo Bank Tokyo, (0.25%), 01/02/20	JPY	681,011		6,267,643
Norway — 0.2%
Brown Brothers Harriman & Co., 0.66%, 01/02/20	NOK	6,128		698,031
Singapore — 0.4%
Hongkong & Shanghai Banking Corp. Ltd., 0.63%, 01/02/20	SGD	2,421		1,800,036
United Kingdom — 0.1%
Citibank NA, New York, 0.37%, 01/02/20	GBP	250		330,549
Total Time Deposits — 4.2% (Cost — $17,859,248)				17,917,929
Total Short-Term Securities — 5.2% (Cost — $22,068,744)				22,127,474
Total Investments — 102.4% (Cost — $391,566,056)				441,595,248
Liabilities in Excess of Other Assets — (2.4)%				(10,326,237	)
Net Assets — 100.0%			$	431,269,011

^(a)  Non-income producing security.

^(b)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(c)  Security, or a portion of the security, is on loan.

^(d)  Annualized7-day yield as of period end.

^(e)  Security was purchased with the cash collateral from loaned securities.

^(f)  During the six months ended December 31, 2019, investments in issuers considered to be an affiliate/affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliate	Share sHeld at 06/30/19		Net Activity			Shares Held at 12/31/19		Value at 12/31/19		Income			Net Realized Gain (Loss) (a)			Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds,T-Fund, Institutional Class		2,101,908		166,078			2,267,986	$	2,267,986	$	29,541		$	8		$	—
SL Liquidity Series, LLC, Money Market Series		2,916,085		(974,915	)		1,941,170		1,941,559		5,323	(b)		(436	)		(47	)
								$	4,209,545	$	34,864		$	(428	)	$	(47	)

^(a) Includes net capital gain distributions, if applicable.

^(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.

SCHEDULES OF INVESTMENTS 19

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc. (Percentages shown are based on Net Assets)

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
Yen Denom Nikkei Index		14		03/12/20	$	1,509	$	6,220
S&P/TSX 60 Index		2		03/19/20		312		102
SPI 200 Index		2		03/19/20		232		(6,355	)
Euro Stoxx 50 Index		45		03/20/20		1,882		(4,248	)
FTSE 100 Index		7		03/20/20		695		3,676
MSCI Emerging Markets Index		18		03/20/20		1,008		17,102
S&P 500E-Mini Index		39		03/20/20		6,301		102,976
							$	119,473

Derivative Financial Instruments Categorized by Risk Exposure

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

	Commodity Contracts		Credit Contracts		Equity Contracts		Foreign Currency Exchange Contracts		Interest Rate Contracts		Other Contracts		Total
Assets — Derivative Financial Instruments
Futures contracts
Unrealized appreciation on futures contracts(a)	$	—	$	—	$	130,076	$	—	$	—	$	—	$	130,076
Liabilities — Derivative Financial Instruments
Futures contracts
Unrealized depreciation on futures contracts(a)	$	—	$	—	$	10,603	$	—	$	—	$	—	$	10,603

^(a)  Net cumulative unrealized appreciation (depreciation) on futures contracts, if any, are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss).

For the period ended December 31, 2019, the effect of derivative financial instruments in the Statements of Operations was as follows:

	Commodity Contracts		Credit Contracts		Equity Contracts			Foreign Currency Exchange Contracts		Interest Rate Contracts	Other Contracts		Total
Net Realized Gain (Loss) from:
Futures contracts	$	—	$	—	$	1,169,400		$	—	$	$	—	$	1,169,400
Net Change in Unrealized Appreciation (Depreciation) on:
Futures contracts	$	—	$	—	$	(93,822	)	$	—	$	$	—	$	(93,822	)

Average Quarterly Balances of Outstanding Derivative Financial Instruments

Futures contracts:
Average notional value of contracts — long	$	12,270,281

For more information about the fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments. For information about the Fund’s policy regarding valuation of investments, refer to the Notes to Financial Statements.

The following table summarizes the Fund’s investments categorized in the disclosure hierarchy:

	Level 1		Level 2		Level 3		Total
Assets:
Investments:
Common Stocks:
Australia	$	—	$	13,063,132	$	—	$	13,063,132
Austria		249,944		64,399		—		314,343

20 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock Advantage Global Fund, Inc.

Fair Value Hierarchy as of Period End (continued)

	Level 1				Level 2		Level 3		Total
Belgium	$	—			$	2,959,081	$	—	$	2,959,081
Brazil		1,279,692		��		—		—		1,279,692
Canada		13,971,821				—		—		13,971,821
China		5,496,461				13,962,402		—		19,458,863
Czech Republic		92,123				—		—		92,123
Denmark		337,688				1,379,929		—		1,717,617
Finland		186				2,222,700		—		2,222,886
France		56,862				16,085,083		—		16,141,945
Germany		1,023,262				9,086,503		—		10,109,765
Hong Kong		173,661				937,958		—		1,111,619
Hungary		—				1,375,942		—		1,375,942
India		1,203,453				3,218,177		—		4,421,630
Indonesia		—				583,784		—		583,784
Ireland		128,703				112,021		—		240,724
Israel		228,134				89,659		—		317,793
Italy		—				901,313		—		901,313
Japan		—				25,924,525		—		25,924,525
Luxembourg		26,272				46,321		—		72,593
Macau		—				51,293		—		51,293
Malaysia		—				310,412		—		310,412
Mexico		1,489,764				—		—		1,489,764
Netherlands		264,065				7,135,606		—		7,399,671
Norway		—				27,653		—		27,653
Poland		95,919				1,183,547		—		1,279,466
Russia		304,567				1,169,148		—		1,473,715
Singapore		—				222,321		—		222,321
South Africa		936,147				2,773,215		—		3,709,362
South Korea		—				3,117,387		—		3,117,387
Spain		200				1,260,082		—		1,260,282
Sweden		—				1,684,483		—		1,684,483
Switzerland		—				12,992,732		—		12,992,732
Taiwan		—				8,435,628		—		8,435,628
Thailand		13,855				736,377		—		750,232
Turkey		—				1,652,537		—		1,652,537
United Kingdom		1,335,928				17,234,409		—		18,570,337
United States		234,949,548				997,705		—		235,947,253
Preferred Stocks		2,252,257				514,927		—		2,767,184
Rights		44,871				—		—		44,871
Short-Term Securities:
Money Market Funds		2,267,986				—		—		2,267,986
Time Deposits		—				17,917,929		—		17,917,929
	$	268,223,369			$	171,430,320	$	—	$	439,653,689
Investments Valued at NAV(a)										1,941,559
Total Investments									$	441,595,248
Derivative Financial Instruments(b)
Assets:
Equity contracts	$	130,076			$	—	$	—	$	130,076
Liabilities:
Equity contracts		(10,603	)			—		—		(10,603	)
	$	119,473			$	—	$	—	$	119,473

^(a)  Certain investments of the Fund were fair valued using NAV per share or its equivalent as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

^(b)  Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

See notes to financial statements.

SCHEDULES OF INVESTMENTS 21

Schedule of Investments  (unaudited) December 31, 2019 BlackRock EuroFund (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks — 99.1%
Belgium — 2.9%
KBC Group NV		43,161	$	3,254,106
Denmark — 2.9%
DSV Panalpina A/S		28,868		3,327,131
Finland — 1.3%
Neste OYJ		40,925		1,423,991
France — 39.0%
Airbus SE		30,761		4,514,642
Dassault Systemes SE		13,594		2,241,994
Eiffage SA		12,896		1,479,516
Ipsen SA		11,527		1,023,214
LVMH Moet Hennessy Louis Vuitton SE		15,860		7,390,024
Pernod Ricard SA		20,800		3,721,901
Remy Cointreau SA		12,711		1,561,243
Safran SA		38,359		5,924,904
Sanofi		46,028		4,622,474
Schneider Electric SE		39,028		4,009,726
Teleperformance		9,469		2,313,445
Thales SA		13,193		1,372,795
Vinci SA		34,785		3,874,129
				44,050,007
Germany — 24.6%
adidas AG		13,307		4,325,689
Allianz SE, Registered Shares		19,766		4,843,219
Deutsche Boerse AG		14,699		2,304,988
Deutsche Wohnen SE, Bearer Shares		58,119		2,364,096
Knorr-Bremse AG		16,833		1,713,503
MorphoSys AG(a)		5,843		826,555
MTU Aero Engines AG		7,048		2,008,156
Puma SE		20,888		1,601,733
SAP SE		36,671		4,935,848
Symrise AG		27,473		2,887,656
				27,811,443
Ireland — 1.4%
Kingspan Group PLC		25,886		1,581,028
Italy — 4.7%
FinecoBank Banca Fineco SpA		258,134		3,096,525
Moncler SpA		47,765		2,149,779
				5,246,304
Netherlands — 10.4%
ASML Holding NV		18,794		5,564,084
ASR Nederland NV		42,830		1,605,075
IMCD NV		25,408		2,224,649
Koninklijke Philips NV		48,081		2,350,377
				11,744,185
Portugal — 1.1%
Galp Energia SGPS SA		77,071		1,293,872
Spain — 4.0%
Amadeus IT Group SA		24,644		2,018,263
Iberdrola SA		244,705		2,521,824
				4,540,087
Switzerland — 1.9%
Straumann Holding AG, Registered Shares		2,167		2,125,680
United Kingdom — 4.9%
Linde PLC		15,951		3,422,619
RELX PLC		81,984		2,069,549
				5,492,168
Total Long-Term Investments — 99.1% (Cost — $89,624,730)				111,890,002

Security	Shares		Value
Short-Term Securities — 1.0%
Money Market Funds — 0.3%
BlackRock Liquidity Funds,T-Fund, Institutional Class, 1.52%(b)(c)	USD	314,105	$	314,105
Total Money Market Funds — 0.3% (Cost — $314,105)				314,105
Time Deposits — 0.7%
	Par (000)
Europe — 0.7%
BNP Paribas SA, (0.67%), 01/02/20	EUR	714		800,795
Total Time Deposits — 0.7% (Cost — $799,331)				800,795
Total Short-Term Securities — 1.0% (Cost — $1,113,436)				1,114,900
Total Investments — 100.1% (Cost — $90,738,166)				113,004,902
Liabilities in Excess of Other Assets — (0.1)%				(130,641	)
Net Assets — 100.0%			$	112,874,261

^(a)  Non-income producing security.

^(b)  Annualized7-day yield as of period end.

22 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Schedule of Investments  (unaudited) (continued) December 31, 2019 BlackRock EuroFund

^(c)  During the six months ended December 31, 2019, investments in issuers considered to be an affiliate/affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliate	Shares Held at 06/30/19		Net Activity			Shares Held at 12/31/19		Value at 12/31/19		Income			Net Realized Gain (Loss) (a)		Change in Unrealized Appreciation (Depreciation)
BlackRock Liquidity Funds,T-Fund, Institutional Class		—		314,105			314,105	$	314,105	$	4,608		$	1	$	—
SL Liquidity Series, LLC, Money Market Series(b)		31,839		(31,839	)		—		—		1	(c)		3		(3	)
								$	314,105	$	4,609		$	4	$	(3	)

^(a)  Includes net capital gain distributions, if applicable.

^(b)  As of period end, the entity is no longer held by the Fund.

^(c)  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.

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments. For information about the Fund’s policy regarding valuation of investments, refer to the Notes to Financial Statements.

The following table summarizes the Fund’s investments categorized in the disclosure hierarchy:

	Level 1		Level 2		Level 3		Total
Assets:
Investments:
Common Stocks:
Belgium	$	—	$	3,254,106	$	—	$	3,254,106
Denmark		3,327,131		—		—		3,327,131
Finland		1,423,991		—		—		1,423,991
France		1,561,243		42,488,764		—		44,050,007
Germany		6,039,192		21,772,251		—		27,811,443
Ireland		1,581,028		—		—		1,581,028
Italy		—		5,246,304		—		5,246,304
Netherlands		—		11,744,185		—		11,744,185
Portugal		—		1,293,872		—		1,293,872
Spain		—		4,540,087		—		4,540,087
Switzerland		—		2,125,680		—		2,125,680
United Kingdom		—		5,492,168		—		5,492,168
Short-Term Securities:
Money Market Funds		314,105		—		—		314,105
Time Deposits		—		800,795		—		800,795
	$	14,246,690	$	98,758,212	$	—	$	113,004,902

See notes to financial statements.

SCHEDULES OF INVESTMENTS 23

Statements of Assets and Liabilities  (unaudited)

December 31, 2019

	BlackRock Advantage Global Fund, Inc.		BlackRock EuroFund
ASSETS
Investments at value — unaffiliated(a)(b)	$	437,385,703	$	112,690,797
Investments at value — affiliated(c)		4,209,545		314,105
Cash		1,357		—
Cash pledged for futures contracts		544,000		—
Foreign currency at value(d)		91,614		645
Receivables:
Investments sold		3,195		—
Securities lending income — affiliated		981		—
Capital shares sold		77,818		11,292
Dividends — affiliated		3,034		418
Dividends — unaffiliated		870,381		663,663
Variation margin on futures contracts		19,093		—
Prepaid expenses		58,063		52,761
Other assets		—		4,315
Total assets		443,264,784		113,737,996
LIABILITIES
Cash collateral on securities loaned at value		1,936,015		—
Payables:
Investments purchased		8,020,702		400,712
Board realignment and consolidation		—		7,596
Capital shares redeemed		947,804		84,575
Investment advisory fees		363,014		128,305
Offering costs		15,272		—
Directors’ and Officer’s fees		7,401		5,358
Other accrued expenses		560,665		215,677
Other affiliates		2,833		860
Service and distribution fees		99,688		19,057
Variation margin on futures contracts		42,379		—
Other liabilities		—		1,595
Total liabilities		11,995,773		863,735
NET ASSETS	$	431,269,011	$	112,874,261
NET ASSETS CONSIST OF
Paid-in capital	$	381,362,239	$	125,262,715
Accumulated earnings (loss)		49,906,772		(12,388,454	)
NET ASSETS	$	431,269,011	$	112,874,261
NET ASSET VALUE
Institutional
Net assets	$	87,600,639	$	32,074,595
Shares outstanding		3,827,911		2,124,827
Net asset value	$	22.88	$	15.10
Par Value	$	0.10	$	0.10
Shares authorized		100 million		Unlimited
Investor A
Net assets	$	281,771,300	$	75,890,694
Shares outstanding		12,972,984		5,117,450
Net asset value	$	21.72	$	14.83
Par Value	$	0.10	$	0.10
Shares authorized		100 million		Unlimited

24 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Statements of Assets and Liabilities  (unaudited) (continued)

December 31, 2019

	BlackRock Advantage Global Fund, Inc.		BlackRock EuroFund
Investor C
Net assets	$	46,502,389	$	3,897,656
Shares outstanding		2,619,895		379,719
Net asset value	$	17.75	$	10.26
Par Value	$	0.10	$	0.10
Shares authorized		100 million		Unlimited
Class K
Net assets	$	7,629,611	$	681,074
Shares outstanding		333,440		45,329
Net asset value	$	22.88	$	15.03
Par Value	$	0.10	$	0.10
Shares authorized		2 billion		Unlimited
Class R
Net assets	$	7,765,072	$	330,242
Shares outstanding		396,711		29,865
Net asset value	$	19.57	$	11.06
Par Value	$	0.10	$	0.10
Shares authorized		100 million		Unlimited
(a) Investments at cost — unaffiliated	$	387,356,560	$	90,424,061
(b) Securities loaned at value	$	1,872,098	$	—
(c) Investments at cost — affiliated	$	4,209,496	$	314,105
(d) Foreign currency at cost	$	91,858	$	—

See notes to financial statements.

FINANCIAL STATEMENTS 25

Statements of Operations  (unaudited)

Six Months Ended December 31, 2019

	BlackRock Advantage Global Fund, Inc.			BlackRock EuroFund
INVESTMENT INCOME
Dividends — affiliated	$	29,541		$	4,608
Dividends — unaffiliated		5,083,348			521,271
Interest — unaffiliated		—			5,008
Securities lending income — affiliated — net		5,323			1
Non-cash dividends — unaffiliated		—			98,845
Foreign taxes withheld		(258,912	)		(61,369	)
Total investment income		4,859,300			568,364
EXPENSES
Investment advisory		1,829,412			416,945
Service and distribution — class specific		613,852			113,910
Transfer agent — class specific		415,434			82,881
Custodian		126,088			41,439
Professional		48,647			47,578
Accounting services		45,533			19,130
Registration		40,212			36,713
Printing		30,488			22,100
Directors and Officer		7,778			4,649
Miscellaneous		26,111			11,453
Total expenses		3,183,555			796,798
Less:
Fees waived and/or reimbursed by the Manager		(733,726	)		(33,525	)
Transfer agent fees waived and/or reimbursed		(309,680	)		—
Total expenses after fees waived and/or reimbursed		2,140,149			763,273
Net investment income (loss)		2,719,151			(194,909	)
REALIZED AND UNREALIZED GAIN (LOSS)
Net realized gain (loss) from:
Capital gain distributions from investment companies — affiliated		8			1
Futures contracts		1,169,400			—
Foreign currency transactions		(57,514	)		(2,988	)
Investments — affiliated		(436	)		3
Investments — unaffiliated		8,270,885			(673,967	)
		9,382,343			(676,951	)
Net change in unrealized appreciation (depreciation) on:
Futures contracts		(93,822	)		—
Foreign currency translations		1,975			(1,015	)
Investments — affiliated		(47	)		(3	)
Investments — unaffiliated		18,519,450			6,358,570
		18,427,556			6,357,552
Net realized and unrealized gain		27,809,899			5,680,601
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	30,529,050		$	5,485,692

See notes to financial statements.

26 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Statements of Changes in Net Assets

	BlackRock Advantage Global Fund, Inc.
	Six Months Ended 12/31/19 (unaudited)			Year Ended 06/30/19
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS
Net investment income	$	2,719,151		$	6,785,690
Net realized gain (loss)		9,382,343			(8,141,079	)
Net change in unrealized appreciation (depreciation)		18,427,556			16,003,426
Net increase in net assets resulting from operations		30,529,050			14,648,037
DISTRIBUTIONS(a)
Institutional		(1,613,181	)		(3,311,041	)
Investor A		(4,905,774	)		(10,968,689	)
Investor C		(635,057	)		(2,040,798	)
Class K		(147,736	)		(172,264	)
Class R		(132,081	)		(514,018	)
Decrease in net assets resulting from distributions to shareholders		(7,433,829	)		(17,006,810	)
CAPITAL SHARE TRANSACTIONS
Net decrease in net assets derived from capital share transactions		(42,493,673	)		(98,451,408	)
NET ASSETS
Total decrease in net assets		(19,398,452	)		(100,810,181	)
Beginning of period		450,667,463			551,477,644
End of period	$	431,269,011		$	450,667,463

^(a)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

FINANCIAL STATEMENTS 27

Statements of Changes in Net Assets   (continued)

	BlackRock EuroFund
	Six Months Ended 12/31/19 (unaudited)			Year Ended 06/30/19
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS
Net investment income (loss)	$	(194,909	)	$	893,745
Net realized loss		(676,951	)		(22,475,209	)
Net change in unrealized appreciation (depreciation)		6,357,552			11,584,386
Net increase (decrease) in net assets resulting from operations		5,485,692			(9,997,078	)
DISTRIBUTIONS TO SHAREHOLDERS(a)
Institutional		(145,120	)		(859,624	)
Investor A		(91,353	)		(1,899,369	)
Investor C		—			(128,586	)
Class K		(3,865	)		(23,568	)
Class R		—			(12,765	)
Decrease in net assets resulting from distributions to shareholders		(240,338	)		(2,923,912	)
CAPITAL SHARE TRANSACTIONS
Net decrease in net assets derived from capital share transactions		(9,218,896	)		(72,780,593	)
NET ASSETS
Total decrease in net assets		(3,973,542	)		(85,701,583	)
Beginning of period		116,847,803			202,549,386
End of period	$	112,874,261		$	116,847,803

^(a)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

28 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Financial Highlights

(For a share outstanding throughout each period)

	BlackRock Advantage Global Fund, Inc.
	Institutional
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30,
				2019			2018			2017			2016			2015
Net asset value, beginning of period	$	21.66		$	21.63		$	25.83		$	21.85		$	25.78		$	30.82
Net investment income(a)		0.17			0.36			0.29			0.11			0.04			0.08
Net realized and unrealized gain (loss)		1.48			0.43			2.82			4.15			(2.87	)		(1.17	)
Net increase (decrease) from investment operations		1.65			0.79			3.11			4.26			(2.83	)		(1.09	)
Distributions(b)
From net investment income		(0.43	)		(0.32	)		(0.37	)		(0.28	)		—			(0.11	)
From net realized gain		—			(0.44	)		(6.94	)		—			(1.10	)		(3.84	)
Total distributions		(0.43	)		(0.76	)		(7.31	)		(0.28	)		(1.10	)		(3.95	)
Net asset value, end of period	$	22.88		$	21.66		$	21.63		$	25.83		$	21.85		$	25.78
Total Return(c)
Based on net asset value		7.67	%(d)		4.03	%		12.43	%		19.60	%		(10.94	)%		(2.45	)%
Ratios to Average Net Assets
Total expenses		1.13	%(e)		1.14	%		1.16	%		1.17	%		1.07	%		1.05	%
Total expenses after fees waived and/or reimbursed and paid indirectly		0.71	%(e)		0.72	%		0.88	%		1.13	%		1.07	%		1.05	%
Net investment income		1.54	%(e)		1.72	%		1.20	%		0.47	%		0.17	%		0.29	%
Supplemental Data
Net assets, end of period (000)	$	87,601		$	87,759		$	114,870		$	258,047		$	250,041		$	265,841
Portfolio turnover rate		69	%		137	%		189	%		59	%		73	%		73	%

^(a) Based on average shares outstanding.

^(b)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(c)  Where applicable, assumes the reinvestment of distributions.

^(d)  Aggregate total return.

^(e)  Annualized.

See notes to financial statements.

FINANCIAL HIGHLIGHTS 29

Financial Highlights  (continued)

(For a share outstanding throughout each period)

	BlackRock Advantage Global Fund, Inc. (continued)
	Investor A
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30,
				2019			2018			2017			2016			2015
Net asset value, beginning of period	$	20.55		$	20.56		$	24.85		$	21.00		$	24.90		$	29.95
Net investment income (loss)(a)		0.13			0.30			0.25			0.01			(0.04	)		(0.00	)(b)
Net realized and unrealized gain (loss)		1.42			0.40			2.67			3.99			(2.76	)		(1.15	)
Net increase (decrease) from investment operations		1.55			0.70			2.92			4.00			(2.80	)		(1.15	)
Distributions(c)
From net investment income		(0.38	)		(0.27	)		(0.27	)		(0.15	)		—			(0.06	)
From net realized gain		—			(0.44	)		(6.94	)		—			(1.10	)		(3.84	)
Total distributions		(0.38	)		(0.71	)		(7.21	)		(0.15	)		(1.10	)		(3.90	)
Net asset value, end of period	$	21.72		$	20.55		$	20.56		$	24.85		$	21.00		$	24.90
Total Return(d)
Based on net asset value		7.58	%(e)		3.77	%		12.10	%		19.10	%		(11.21	)%		(2.74	)%
Ratios to Average Net Assets
Total expenses		1.45	%(f)		1.46	%		1.53	%		1.54	%		1.42	%		1.38	%
Total expenses after fees waived and/or reimbursed and paid indirectly		0.96	%(f)		0.97	%		1.16	%		1.50	%		1.42	%		1.38	%
Net investment income (loss)		1.30	%(f)		1.48	%		1.06	%		0.06	%		(0.20	)%		(0.02	)%
Supplemental Data
Net assets, end of period (000)	$	281,771		$	289,752		$	324,978		$	395,690		$	382,069		$	474,107
Portfolio turnover rate		69	%		137	%		189	%		59	%		73	%		73	%

^(a)  Based on average shares outstanding.

^(b)  Amount is greater than $(0.005) per share.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions.

^(e)  Aggregate total return.

^(f)  Annualized.

See notes to financial statements.

30 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Financial Highlights  (continued)

(For a share outstanding throughout each period)

	BlackRock Advantage Global Fund, Inc. (continued)
	Investor C
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30,
				2019			2018			2017			2016			2015
Net asset value, beginning of period	$	16.79		$	16.87		$	21.45		$	18.15		$	21.86		$	26.92
Net investment income (loss)(a)		0.05			0.11			0.04			(0.16	)		(0.19	)		(0.19	)
Net realized and unrealized gain (loss)		1.15			0.34			2.31			3.46			(2.42	)		(1.07	)
Net increase (decrease) from investment operations		1.20			0.45			2.35			3.30			(2.61	)		(1.26	)
Distributions(b)
From net investment income		(0.24	)		(0.09	)		—			—			—			—
From net realized gain		—			(0.44	)		(6.93	)		—			(1.10	)		(3.80	)
Total distributions		(0.24	)		(0.53	)		(6.93	)		—			(1.10	)		(3.80	)
Net asset value, end of period	$	17.75		$	16.79		$	16.87		$	21.45		$	18.15		$	21.86
Total Return(c)
Based on net asset value		7.17	%(d)		2.99	%		11.23	%		18.18	%		(11.93	)%		(3.53	)%
Ratios to Average Net Assets
Total expenses		2.31	%(e)		2.28	%		2.34	%		2.32	%		2.22	%		2.17	%
Total expenses after fees waived and/or reimbursed and paid indirectly		1.71	%(e)		1.72	%		1.95	%		2.29	%		2.22	%		2.17	%
Net investment income (loss)		0.55	%(e)		0.65	%		0.23	%		(0.81	)%		(1.01	)%		(0.81	)%
Supplemental Data
Net assets, end of period (000)	$	46,502		$	52,125		$	90,299		$	135,507		$	245,795		$	318,616
Portfolio turnover rate		69	%		137	%		189	%		59	%		73	%		73	%

^(a)  Based on average shares outstanding.

^(b)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(c)  Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions.

^(d)  Aggregate total return.

^(e)  Annualized.

See notes to financial statements.

FINANCIAL HIGHLIGHTS 31

Financial Highlights  (continued)

(For a share outstanding throughout each period)

	BlackRock Advantage Global Fund, Inc. (continued)
	Class K
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30,			Period from 01/25/18 (a) to 06/30/18
				2019
Net asset value, beginning of period	$	21.66		$	21.63		$	23.12
Net investment income(b)		0.17			0.41			0.29
Net realized and unrealized gain (loss)		1.49			0.39			(1.78	)
Net increase (decrease) from investment operations		1.66			0.80			(1.49	)
Distributions
From net investment income		(0.44	)		(0.33	)		—
From net realized gain		—			(0.44	)		—
Total distributions		(0.44	)		(0.77	)		—
Net asset value, end of period	$	22.88		$	21.66		$	21.63
Total Return(c)
Based on net asset value		7.73	%(d)		4.09	%		(6.44	)%(d)
Ratios to Average Net Assets
Total expenses		1.01	%(e)		1.03	%		1.07	%(e)(f)
Total expenses after fees waived and/or reimbursed and paid indirectly		0.66	%(e)		0.66	%		0.66	%(e)
Net investment income		1.58	%(e)		1.98	%		3.09	%(e)
Supplemental Data
Net assets, end of period (000)	$	7,630		$	10,625		$	4,616
Portfolio turnover rate		69	%		137	%		189	%

^(a)  Commencement of operations.

^(b)  Based on average shares outstanding.

^(c)  Where applicable, assumes the reinvestment of distributions.

^(d) Aggregate total return.

^(e)  Annualized.

^(f)  Offering costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, the total expenses would have been 1.07%.

See notes to financial statements.

32 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Financial Highlights  (continued)

(For a share outstanding throughout each period)

	BlackRock Advantage Global Fund, Inc. (continued)
	Class R
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30,
				2019			2018			2017			2016			2015
Net asset value, beginning of period	$	18.52		$	18.60		$	23.07		$	19.48		$	23.27		$	28.30
Net investment income (loss)(a)		0.10			0.21			0.17			(0.07	)		(0.11	)		(0.10	)
Net realized and unrealized gain (loss)		1.26			0.37			2.47			3.70			(2.58	)		(1.09	)
Net increase (decrease) from investment operations		1.36			0.58			2.64			3.63			(2.69	)		(1.19	)
Distributions(b)
From net investment income		(0.31	)		(0.22	)		(0.17	)		(0.04	)		—			(0.00	)(c)
From net realized gain		—			(0.44	)		(6.94	)		—			(1.10	)		(3.84	)
Total distributions		(0.31	)		(0.66	)		(7.11	)		(0.04	)		(1.10	)		(3.84	)
Net asset value, end of period	$	19.57		$	18.52		$	18.60		$	23.07		$	19.48		$	23.27
Total Return(d)
Based on net asset value		7.38	%(e)		3.52	%		11.79	%		18.67	%		(11.54	)%		(3.08	)%
Ratios to Average Net Assets
Total expenses		1.76	%(f)		1.79	%		1.87	%		1.92	%		1.77	%		1.73	%
Total expenses after fees waived and/or reimbursed and paid indirectly		1.21	%(f)		1.22	%		1.43	%		1.88	%		1.77	%		1.73	%
Net investment income (loss)		1.06	%(f)		1.18	%		0.80	%		(0.33	)%		(0.56	)%		(0.39	)%
Supplemental Data
Net assets, end of period (000)	$	7,765		$	10,407		$	16,716		$	19,642		$	21,091		$	26,019
Portfolio turnover rate		69	%		137	%		189	%		59	%		73	%		73	%

^(a)  Based on average shares outstanding.

^(b)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(c)  Amount is greater than $(0.005) per share.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Aggregate total return.

^(f)  Annualized.

See notes to financial statements.

FINANCIAL HIGHLIGHTS 33

Financial Highlights  (continued)

(For a share outstanding throughout each period)

	BlackRock EuroFund
	Institutional
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30,
				2019			2018			2017			2016			2015
Net asset value, beginning of period	$	14.40		$	15.06		$	14.78		$	13.25		$	15.51		$	16.68
Net investment income (loss)(a)		(0.01	)		0.13			0.13			0.16	(b)		0.25			0.28
Net realized and unrealized gain (loss)		0.78			(0.45	)		0.33			1.67			(2.28	)		(1.00	)
Net increase (decrease) from investment operations		0.77			(0.32	)		0.46			1.83			(2.03	)		(0.72	)
Distributions from net investment income(c)		(0.07	)		(0.34	)		(0.18	)		(0.30	)		(0.23	)		(0.45	)
Net asset value, end of period	$	15.10		$	14.40		$	15.06		$	14.78		$	13.25		$	15.51
Total Return(d)
Based on net asset value		5.35	%(e)		(1.77	)%		3.12	%		14.14	%		(13.22	)%		(4.10	)%
Ratios to Average Net Assets
Total expenses		1.28	%(f)		1.23	%		1.11	%		1.10	%		1.07	%		1.00	%
Total expenses after fees waived and/or reimbursed		1.22	%(f)		1.17	%		1.08	%		1.10	%		1.07	%		1.00	%
Net investment income (loss)		(0.19	)%(f)		0.92	%		0.87	%		1.19	%(b)		1.72	%		1.81	%
Supplemental Data
Net assets, end of period (000)	$	32,075		$	33,178		$	43,686		$	146,685		$	162,627		$	221,463
Portfolio turnover rate		15	%		153	%		98	%		93	%		100	%		117	%

^(a)  Based on average shares outstanding.

^(b)  Net investment income per share and the ratio of net investment income to average net assets include $0.01 per share and 0.10%, respectively, resulting from a special dividend.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Aggregate total return.

^(f)  Annualized.

See notes to financial statements.

34 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Financial Highlights  (continued)

(For a share outstanding throughout each period)

	BlackRock EuroFund (continued)
	Investor A
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30,
				2019			2018			2017			2016			2015
Net asset value, beginning of period	$	14.11		$	14.78		$	14.49		$	12.98		$	15.23		$	16.37
Net investment income (loss)(a)		(0.03	)		0.08			0.18			0.13	(b)		0.20			0.29
Net realized and unrealized gain (loss)		0.77			(0.44	)		0.26			1.64			(2.23	)		(1.03	)
Net increase (decrease) from investment operations		0.74			(0.36	)		0.44			1.77			(2.03	)		(0.74	)
Distributions from net investment income(c)		(0.02	)		(0.31	)		(0.15	)		(0.26	)		(0.22	)		(0.40	)
Net asset value, end of period	$	14.83		$	14.11		$	14.78		$	14.49		$	12.98		$	15.23
Total Return(d)
Based on net asset value		5.23	%(e)		(2.08	)%		3.02	%		13.92	%		(13.41	)%		(4.30	)%
Ratios to Average Net Assets
Total expenses		1.46	%(f)		1.45	%		1.31	%		1.32	%		1.28	%		1.22	%
Total expenses after fees waived and/or reimbursed		1.40	%(f)		1.39	%		1.28	%		1.32	%		1.28	%		1.22	%
Net investment income (loss)		(0.37	)%(f)		0.56	%		1.19	%		0.97	%(b)		1.46	%		1.88	%
Supplemental Data
Net assets, end of period (000)	$	75,891		$	78,418		$	149,540		$	165,427		$	178,374		$	258,675
Portfolio turnover rate		15	%		153	%		98	%		93	%		100	%		117	%

^(a)  Based on average shares outstanding.

^(b)  Net investment income per share and the ratio of net investment income to average net assets include $0.01 per share and 0.10%, respectively, resulting from a special dividend.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions.

^(e)  Aggregate total return.

^(f)  Annualized.

See notes to financial statements.

FINANCIAL HIGHLIGHTS 35

Financial Highlights  (continued)

(For a share outstanding throughout each period)

	BlackRock EuroFund (continued)
	Investor C
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30,
				2019			2018			2017			2016			2015
Net asset value, beginning of period	$	9.79		$	10.36		$	10.16		$	9.17		$	10.82		$	11.76
Net investment income (loss)(a)		(0.06	)		(0.02	)		0.05			0.01	(b)		0.07			0.08
Net realized and unrealized gain (loss)		0.53			(0.31	)		0.18			1.15			(1.58	)		(0.70	)
Net increase (decrease) from investment operations		0.47			(0.33	)		0.23			1.16			(1.51	)		(0.62	)
Distributions from net investment income(c)		—			(0.24	)		(0.03	)		(0.17	)		(0.14	)		(0.32	)
Net asset value, end of period	$	10.26		$	9.79		$	10.36		$	10.16		$	9.17		$	10.82
Total Return(d)
Based on net asset value		4.80	%(e)		(2.82	)%		2.27	%		12.94	%		(14.08	)%		(5.09	)%
Ratios to Average Net Assets
Total expenses		2.24	%(f)		2.20	%		2.08	%		2.13	%		2.09	%		2.05	%
Total expenses after fees waived and/or reimbursed		2.18	%(f)		2.14	%		2.04	%		2.13	%		2.09	%		2.05	%
Net investment income (loss)		(1.14	)%(f)		(0.17	)%		0.43	%		0.14	%(b)		0.67	%		0.70	%
Supplemental Data
Net assets, end of period (000)	$	3,898		$	4,179		$	7,533		$	8,038		$	13,659		$	18,021
Portfolio turnover rate		15	%		153	%		98	%		93	%		100	%		117	%

^(a)  Based on average shares outstanding.

^(b)  Net investment income per share and the ratio of net investment income to average net assets include $0.01 per share and 0.10%, respectively, resulting from a special dividend.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, excludes the effects of any sales charges and assumes the reinvestment of distributions.

^(e)  Aggregate total return.

^(f)  Annualized.

See notes to financial statements.

36 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Financial Highlights  (continued)

(For a share outstanding throughout each period)

	BlackRock EuroFund (continued)
	Class K
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30, 2019			Period from 01/25/18 (a) to 06/30/18
Net asset value, beginning of period	$	14.34		$	15.08		$	16.57
Net investment income (loss)(b)		(0.02	)		0.14			0.26
Net realized and unrealized gain (loss)		0.80			(0.46	)		(1.75	)
Net increase (decrease) from investment operations		0.78			(0.32	)		(1.49	)
Distributions from net investment income(c)		(0.09	)		(0.42	)		—
Net asset value, end of period	$	15.03		$	14.34		$	15.08
Total Return(d)
Based on net asset value		5.43	%(e)		(1.70	)%		(8.99	)%(e)
Ratios to Average Net Assets
Total expenses		1.10	%(f)		1.11	%		0.98	%(f)(g)
Total expenses after fees waived and/or reimbursed		1.04	%(f)		1.05	%		0.95	%(f)
Net investment income (loss)		(0.31	)%(f)		1.00	%		3.86	%(f)
Supplemental Data
Net assets, end of period (000)	$	681		$	710		$	1,005
Portfolio turnover rate		15	%		153	%		98	%

^(a)  Commencement of operations.

^(b)  Based on average shares outstanding.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Aggregate total return.

^(f)  Annualized.

^(g)  Offering costs were not annualized in the calculation of the expense ratios. If these expenses were annualized, the total expenses would have been 0.99%.

See notes to financial statements.

FINANCIAL HIGHLIGHTS 37

Financial Highlights  (continued)

(For a share outstanding throughout each period)

	BlackRock EuroFund (continued)
	Class R
	Six Months Ended 12/31/19 (unaudited)			Year Ended June 30,
				2019			2018			2017			2016			2015
Net asset value, beginning of period	$	10.54		$	11.14		$	10.96		$	9.89		$	11.66		$	12.58
Net investment income (loss)(a)		(0.05	)		(0.01	)		0.09			0.05	(b)		0.11			0.12
Net realized and unrealized gain (loss)		0.57			(0.33	)		0.18			1.24			(1.71	)		(0.73	)
Net increase (decrease) from investment operations		0.52			(0.34	)		0.27			1.29			(1.60	)		(0.61	)
Distributions from net investment income(c)		—			(0.26	)		(0.09	)		(0.22	)		(0.17	)		(0.31	)
Net asset value, end of period	$	11.06		$	10.54		$	11.14		$	10.96		$	9.89		$	11.66
Total Return(d)
Based on net asset value		4.93	%(e)		(2.66	)%		2.46	%		13.42	%		(13.82	)%		(4.68	)%
Ratios to Average Net Assets
Total expenses		2.05	%(f)		2.07	%		1.81	%		1.83	%		1.72	%		1.69	%
Total expenses after fees waived and/or reimbursed		1.99	%(f)		2.01	%		1.77	%		1.83	%		1.72	%		1.69	%
Net investment income (loss)		(0.96	)%(f)		(0.07	)%		0.76	%		0.54	%(b)		1.08	%		1.03	%
Supplemental Data
Net assets, end of period (000)	$	330		$	363		$	786		$	1,017		$	859		$	1,122
Portfolio turnover rate		15	%		153	%		98	%		93	%		100	%		117	%

^(a)  Based on average shares outstanding.

^(b)  Net investment income per share and the ratio of net investment income to average net assets include $0.01 per share and 0.10%, respectively, resulting from a special dividend.

^(c)  Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

^(d)  Where applicable, assumes the reinvestment of distributions.

^(e)  Aggregate total return.

^(f)  Annualized.

See notes to financial statements.

38 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Notes to Financial Statements  (unaudited)

1. ORGANIZATION

BlackRock Advantage Global Fund, Inc., (the “Corporation”) and BlackRock EuroFund (the “Trust”) are each registered under the Investment Company Act of 1940, as amended (the “1940 Act”), asopen-end management investment companies. BlackRock Advantage Global Fund, Inc. is organized as a Maryland corporation. BlackRock EuroFund is organized as a Massachusetts business trust. The following are referred to herein collectively as the “Funds” or individually as a “Fund”:

Fund Name	Herein Referred To As	Diversification Classification
BlackRock Advantage Global Fund, Inc.	Advantage Global	Diversified
BlackRock EuroFund	EuroFund	Diversified

Each Fund offers multiple classes of shares. All classes of shares have identical voting, dividend, liquidation and other rights and are subject to the same terms and conditions, except that certain classes bear expenses related to the shareholder servicing and distribution of such shares. Institutional and Class K Shares are sold only to certain eligible investors. Class R Shares are sold only to certain employer-sponsored retirement plans. Investor A, Investor C and Class R Shares bear certain expenses related to shareholder servicing of such shares, and Investor C and Class R Shares also bear certain expenses related to the distribution of such shares. Investor A and Investor C Shares are generally available through financial intermediaries. Each class has exclusive voting rights with respect to matters relating to its shareholder servicing and distribution expenditures (except that Investor C shareholders may vote on material changes to the Investor A Shares distribution and service plan).

Share Class	Initial Sales Charge	CDSC			Conversion Privilege
Institutional, Class K and Class R Shares	No		No		None
Investor A Shares	Yes		No	(a)	None
Investor C Shares	No		Yes	(b)	To Investor A Shares after approximately 10 years

^(a)  Investor A Shares may be subject to a contingent deferred sales charge (“CDSC”) for certain redemptions where no initial sales charge was paid at the time of purchase.

^(b)  A CDSC of 1.00% is assessed on certain redemptions of Investor C Shares made within one year after purchase.

The Board of Trustees of the Trust and the Board of Directors of the Corporation are referred to throughout this report as the “Board of Directors” or the “Board.”

The Funds, together with certain other registered investment companies advised by BlackRock Advisors, LLC (the “Manager”) or its affiliates, are included in a complex of equity, multi-asset, index and money market funds referred to as the BlackRock Multi-Asset Complex.

2. SIGNIFICANT ACCOUNTING POLICIES

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

Investment Transactions and Income Recognition:For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined on the identified cost basis. Dividend income andnon-cash dividend income are recorded on theex-dividend date. Dividends from foreign securities where theex-dividend date may have passed are subsequently recorded when the Funds are informed of theex-dividend date. Under the applicable foreign tax laws, a withholding tax at various rates may be imposed on capital gains, dividends and interest. Interest income, including amortization and accretion of premiums and discounts on debt securities, are recognized on an accrual basis. Income, expenses and realized and unrealized gains and losses are allocated daily to each class based on its relative net assets.

Foreign Currency Translation:Each Fund’s books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using exchange rates determined as of the close of trading on the New York Stock Exchange (“NYSE”). Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

Each Fund does not isolate the portion of the results of operations arising as a result of changes in the exchange rates from the changes in the market prices of investments held or sold for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

Segregation and Collateralization:In cases where a Fund enters into certain investments (e.g., futures contracts) that would be treated as “senior securities” for 1940 Act purposes, a Fund may segregate or designate on itsbooks and records cash or liquid assets having a market value at least equal to the amount of its future obligations under such investments. Doing so allows the investment to be excluded from treatment as a “senior security.” Furthermore, if required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments or obligations.

Distributions: Distributions paid by the Funds are recorded on theex-dividend date. The character and timing of distributions are determined in accordance with U.S. federal income tax regulations, which may differ from U.S. GAAP.

NOTESTO FINANCIAL STATEMENTS 39

Notes to Financial Statements  (unaudited) (continued)

Indemnifications:In the normal course of business, a Fund enters into contracts that contain a variety of representations that provide general indemnification. A Fund’s maximum exposure under these arrangements is unknown because it involves future potential claims against a Fund, which cannot be predicted with any certainty.

Other: Expenses directly related to a Fund or its classes are charged to that Fund or the applicable class. Other operating expenses shared by several funds, including other funds managed by the Manager, are prorated among those funds on the basis of relative net assets or other appropriate methods. Expenses directly related to the Funds and other shared expenses prorated to the Funds are allocated daily to each class based on their relative net assets or other appropriate methods.

The Funds have an arrangement with their custodian whereby credits are earned on uninvested cash balances, which could be used to reduce custody fees and/or overdraft charges. The Funds may incur charges on certain uninvested cash balances and overdrafts, subject to certain conditions.

3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

Investment Valuation Policies: The Funds’ investments are valued at fair value (also referred to as “market value” within the financial statements) as of the close of trading on the NYSE (generally 4:00 p.m., Eastern time). U.S. GAAP defines fair value as the price the Funds would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Funds determine the fair values of their financial instruments using various independent dealers or pricing services under policies approved by the Board. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) is the committee formed by management to develop global pricing policies and procedures and to oversee the pricing function for all financial instruments.

Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:

• Equity investments traded on a recognized securities exchange are valued at the official closing price each day, if available. For equity investments traded on more than one exchange, the official closing price on the exchange where the stock is primarily traded is used. Equity investments traded on a recognized exchange for which there were no sales on that day may be valued at the last available bid (long positions) or ask (short positions) price.

Generally, trading in foreign instruments is substantially completed each day at various times prior to the close of trading on the NYSE. Occasionally, events affecting the values of such instruments may occur between the foreign market close and the close of trading on the NYSE that may not be reflected in the computation of the Funds’ net assets. Each business day, the Funds use a pricing service to assist with the valuation of certain foreign exchange-traded equity securities and foreign exchange-traded andover-the-counter (“OTC”) options (the “Systematic Fair Value Price”). Using current market factors, the Systematic Fair Value Price is designed to value such foreign securities and foreign options at fair value as of the close of trading on the NYSE, which follows the close of the local markets.

• Investments inopen-end U.S. mutual funds are valued at net asset value (“NAV”) each business day.

• The Funds value their investment in SL Liquidity Series, LLC, Money Market Series (the “Money Market Series”) at fair value, which is ordinarily based upon their pro rata ownership in the underlying fund’s net assets. The Money Market Series seeks current income consistent with maintaining liquidity and preserving capital. Although the Money Market Series is not registered under the 1940 Act, its investments may follow the parameters of investments by a money market fund that is subject to Rule2a-7 under the 1940 Act.

• Futures contracts traded on exchanges are valued at their last sale price.

If events (e.g., a company announcement, market volatility or a natural disaster) occur that are expected to materially affect the value of such investments, or in the event that the application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Global Valuation Committee, or its delegate, in accordance with a policy approved by the Board as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the Global Valuation Committee will include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Global Valuation Committee, or its delegate, seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in anarm’s-length transaction. Fair value determinations shall be based upon all available factors that the Global Valuation Committee, or its delegate, deems relevant and consistent with the principles of fair value measurement. The pricing of all Fair Valued Investments is subsequently reported to the Board or a committee thereof on a quarterly basis.

Fair Value Hierarchy: Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial statement purposes as follows:

• Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access

• Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs)

• Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Global Valuation Committee’s assumptions used in determining the fair value of investments and derivative 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

40 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Notes to Financial Statements  (unaudited) (continued)

unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities.

As of December 31, 2019, certain investments of the Funds were valued using NAV per share or its equivalent as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

4. SECURITIES AND OTHER INVESTMENTS

Preferred Stocks:Preferred stock has a preference over common stock in liquidation (and generally in receiving dividends as well), but is subordinated to the liabilities of the issuer in all respects. As a general rule, the market value of preferred stock with a fixed dividend rate and no conversion element varies inversely with interest rates and perceived credit risk, while the market price of convertible preferred stock generally also reflects some element of conversion value. Because preferred stock is junior to debt securities and other obligations of the issuer, deterioration in the credit quality of the issuer will cause greater changes in the value of a preferred stock than in a more senior debt security with similar stated yield characteristics. Unlike interest payments on debt securities, preferred stock dividends are payable only if declared by the issuer’s board of directors. Preferred stock also may be subject to optional or mandatory redemption provisions.

Securities Lending:The Funds may lend their securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Funds collateral consisting of cash, an irrevocable letter of credit issued by a bank, or securities issued or guaranteed by the U.S. Government. The initial collateral received by each Fund is required to have a value of at least 102% of the current value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current market value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day. During the term of the loan, the Funds are entitled to all distributions made on or in respect of the loaned securities, but do not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

The market value of any securities on loan, all of which were classified as common stocks in the Funds’ Schedules of Investments, and the value of any related collateral are shown separately in the Statements of Assets and Liabilities as a component of investments at value – unaffiliated, and collateral on securities loaned at value, respectively. As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested by the securities lending agent, BlackRock Investment Management, LLC (“BIM”), if any, is disclosed in the Schedules of Investments.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an “MSLA”), which provide the right, in the event of default (including bankruptcy or insolvency), for thenon-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty’s bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell orre-pledge the loaned securities, and a Fund can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties’ obligations to return the securities or collateral to the other party are extinguished, and the parties can resell orre-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party’s net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

As of period end, the following table is a summary of the Funds’ securities lending agreements by counterparty which are subject to offset under an MSLA:

Counterparty	Securities Loaned at Value		Cash Collateral Received (a)			Net Amount
Advantage Global
Citigroup Global Markets, Inc.	$	1,477,133	$	(1,477,133	)	$	—
Goldman Sachs & Co.		380,619		(380,619	)		—
Morgan Stanley & Co LLC		14,346		(14,346	)		—
	$	1,872,098	$	(1,872,098	)	$	—

^(a)  Collateral received in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by Fund is disclosed in the Fund’s Statements of Assets and Liabilities.

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, the Funds benefit from a borrower default indemnity provided by BIM.BIM’s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value on the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by the Funds.

5. DERIVATIVE FINANCIAL INSTRUMENTS

The Funds engage in various portfolio investment strategies using derivative contracts both to increase the returns of the Funds and/or to manage their exposure to certain risks such as credit risk, equity risk, interest rate risk, foreign currency exchange rate risk, commodity price risk or other risks (e.g., inflation risk). Derivative financial instruments categorized by risk exposure are included in the Schedules of Investments. These contracts may be transacted on an exchange or OTC.

NOTESTO FINANCIAL STATEMENTS 41

Notes to Financial Statements  (unaudited) (continued)

Futures Contracts:Futures contracts are purchased or sold to gain exposure to, or manage exposure to, changes in interest rates (interest rate risk) and changes in the value of equity securities (equity risk) or foreign currencies (foreign currency exchange rate risk).

Futures contracts are agreements between the Funds and a counterparty to buy or sell a specific quantity of an underlying instrument at a specified price and on a specified date. Depending on the terms of a contract, it is settled either through physical delivery of the underlying instrument on the settlement date or by payment of a cash amount on the settlement date. Upon entering into a futures contract, the Funds are required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on a contract’s size and risk profile. The initial margin deposit must then be maintained at an established level over the life of the contract. Amounts pledged, which are considered restricted, are included in cash pledged for futures contracts in the Statements of Assets and Liabilities.

Securities deposited as initial margin are designated in the Schedules of Investments and cash deposited, if any, are shown as cash pledged for futures contracts in the Statements of Assets and Liabilities. Pursuant to the contract, the Funds agree to receive from or pay to the broker an amount of cash equal to the daily fluctuation in market value of the contract (“variation margin”). Variation margin is recorded as unrealized appreciation (depreciation) and, if any, shown as variation margin receivable (or payable) on futures contracts in the Statements of Assets and Liabilities. When the contract is closed, a realized gain or loss is recorded in the Statements of Operations equal to the difference between the notional amount of the contract at the time it was opened and the notional amount at the time it was closed. The use of futures contracts involves the risk of an imperfect correlation in the movements in the price of futures contracts and interest, foreign currency exchange rates or underlying assets.

6. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES

Investment Advisory:Each Fund entered into an Investment Advisory Agreement with the Manager, the Funds’ investment adviser and an indirect, and wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”), to provide investment advisory and administrative services. The Manager is responsible for the management of each Fund’s portfolio and provides the personnel, facilities, equipment and certain other services necessary to the operations of each Fund.

For such services, each Fund pays the Manager a monthly fee at an annual rate equal to the following percentages of the average daily value of each Fund’s net assets:

	Investment Advisory Fee
Average Daily Net Assets	Advantage Global			EuroFund
First $1 Billion		0.85	%		0.75	%
$1 Billion — $3 Billion		0.80			0.71
$3 Billion — $5 Billion		0.77			0.68
$5 Billion — $10 Billion		0.74			0.65
Greater than $10 Billion		0.72			0.64

With respect to EuroFund, the Manager entered into asub-advisory agreement with BlackRock International Limited (“BIL”), an affiliate of the Manager. The Manager pays BIL for services it provides for that portion of the Fund for which BIL acts assub-adviser, a monthly fee that is equal to a percentage of the investment advisory fees paid by EuroFund to the Manager.

Service and Distribution Fees:The Funds entered into a Distribution Agreement and Distribution Plans with BlackRock Investments, LLC (“BRIL”), an affiliate of the Manager. Pursuant to the Distribution Plans and in accordance with Rule12b-1 under the 1940 Act, each Fund pays BRIL ongoing service and distribution fees. The fees are accrued daily and paid monthly at annual rates based upon the average daily net assets of the relevant share class of each Fund as follows:

	Service Fees			Distribution Fees
Investor A		0.25	%		—	%
Investor C		0.25			0.75
Class R		0.25			0.25

BRIL and broker-dealers, pursuant tosub-agreements with BRIL, provide shareholder servicing and distribution services to the Funds. The ongoing service and/or distribution fee compensates BRIL and each broker-dealer for providing shareholder servicing and/or distribution related services to shareholders.

For the six months ended December 31, 2019, the following table shows the class specific service and distribution fees borne directly by each share class of each Fund:

	Investor A		Investor C		Class R		Total
Advantage Global	$	351,177	$	240,156	$	22,519	$	613,852
EuroFund		93,665		19,421		824		113,910

Transfer Agent: Pursuant to written agreements, certain financial intermediaries, some of which may be affiliates, provide the Funds withsub-accounting, recordkeeping,sub-transfer agency and other administrative services with respect to servicing of underlying investor accounts. For these services, these entities receive an asset-based fee or an annual fee per shareholder account, which will vary depending on share class and/or net assets. For the six months ended December 31, 2019, Advantage Global paid the following amounts to affiliates of BlackRock in return for these services, which are included in transfer agent — class specific in the Statements of Operations:

	Investor A
Advantage Global	$	516

42 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Notes to Financial Statements  (unaudited) (continued)

The Manager maintains a call center that is responsible for providing certain shareholder services to the Funds. Shareholder services include responding to inquiries and processing purchases and sales based upon instructions from shareholders. For the six months ended December 31, 2019, each Fund reimbursed the Manager the following amounts for costs incurred in running the call center, which are included in transfer agent — class specific in the Statements of Operations:

	Institutional		Investor A		Investor C		Class K		Class R		Total
Advantage Global	$	183	$	3,340	$	613	$	19	$	19	$	4,174
EuroFund		668		1,519		93		6		6		2,292

For the six months ended December 31, 2019, the following table shows the class specific transfer agent fees borne directly by each share class of each Fund:

	Institutional		Investor A		Investor C		Class K		Class R		Total
Advantage Global	$	54,670	$	274,604	$	74,032	$	440	$	11,688	$	415,434
EuroFund		31,677		47,327		3,019		83		775		82,881

Other Fees:For the six months ended December 31, 2019, affiliates earned underwriting discounts, direct commissions and dealer concessions on sales of each Fund’s Investor A Shares as follows:

	Investor A
Advantage Global	$	1,245
EuroFund		190

For the six months ended December 31, 2019, affiliates received CDSCs as follows:

	Advantage Global		EuroFund
Investor A	$	508	$	—
Investor C		194		3

Expense Limitations, Waivers, Reimbursements, and Recoupments:With respect to each Fund, the Manager voluntarily agreed to waive its investment advisory fees by the amount of investment advisory fees each Fund pays to the Manager indirectly through its investment in affiliated money market funds (the “affiliated money market fund waiver”). The amount of waivers and/or reimbursements of fees and expenses made pursuant to the expense limitation described below will be reduced by the amount of the affiliated money market fund waiver. These amounts are included in fees waived and/or reimbursed by the Manager in the Statements of Operations.

For the six months ended December 31, 2019, the amounts waived were as follows:

	Advantage Global		EuroFund
Amounts waived	$	1,173	$	169

The Manager has contractually agreed to waive its investment advisory fee with respect to any portion of each Fund’s assets invested in affiliated equity and fixed-income mutual funds and affiliated exchange-traded funds that have a contractual management fee through October 31, 2020. The contractual agreement may be terminated upon 90 days’ notice by a majority of the directors who are not “interested persons” of the Fund, as defined in the 1940 Act (“Independent Directors”) or by a vote of a majority of the outstanding voting securities of a Fund. For the six months ended December 31, 2019, there were no fees waived and/or reimbursed by the Manager pursuant to this arrangement.

The Manager voluntarily agreed to waive a portion of its investment advisory fees equal to the annual rate of 0.06% of EuroFund’s average daily net assets. This amount is included in fees waived and/or reimbursed by the Manager in the Statements of Operations. During the six months ended December 31, 2019, the Manager waived $33,356 pursuant to this agreement.

For the six months ended December 31, 2019, the Funds reimbursed the Manager for certain accounting services, which is included in accounting services in the Statements of Operations. The reimbursements were as follows:

	Institutional		Investor A		Investor C		Class K		Class R		Total
Advantage Global	$	555	$	1,835	$	313	$	48	$	59	$	2,810
EuroFund		205		487		25		4		2		723

With respect to Advantage Global, the Manager contractually agreed to waive and/or reimburse fees or expenses in order to limit expenses, excluding interest expense, dividend expense, tax expense, acquired fund fees and expenses, and certain other fund expenses, which constitute extraordinary expenses not incurred in the ordinary course of each Fund’s business (“expense limitation”). The expense limitations as a percentage of average daily net assets are as follows:

	Institutional			Investor A			Investor C			Class K			Class R
Expense limitations		0.71	%		0.96	%		1.71	%		0.66	%		1.21	%

The Manager has agreed not to reduce or discontinue these contractual expense limitations through October 31, 2020, unless approved by the Board of the Corporation, including a majority of the Independent Directors, or by a vote of a majority of the outstanding voting securities of Advantage Global. For the six months ended December 31, 2019, the Manager waived and/or reimbursed $732,553, which is included in fees waived and/or reimbursed by the Manager in the Statements of Operations.

NOTESTO FINANCIAL STATEMENTS 43

Notes to Financial Statements  (unaudited) (continued)

These amounts waived and/or reimbursed are shown as transfer agent fees waived — class specific, in the Statements of Operations. For the six months ended December 31, 2019, class specific waivers were as follows:

	Institutional		Investor A		Investor C		Class K		Class R		Total
Advantage Global	$	33,412	$	204,369	$	62,024	$	439	$	9,436	$	309,680

With respect to the contractual expense limitation, if during the Fund’s fiscal year the operating expenses of a share class, that at any time during the prior two fiscal years received a waiver and/or reimbursement from the Manager, are less than the current expense limitation for that share class, the Manager is entitled to be reimbursed by such share class up to the lesser of: (a) the amount of fees waived and/or expenses reimbursed during those prior two fiscal years under the agreement and (b) an amount not to exceed either the current expense limitation of that share class or the expense limitation of the share class in effect at the time that the share class received the applicable waiver and/or reimbursement, provided that:

(1) the Fund, of which the share class is a part, has more than $50 million in assets for the fiscal year, and

(2) the Manager or an affiliate continues to serve as the Fund’s investment adviser or administrator.

This repayment applies only to the contractual expense limitation on net expenses and does not apply to the contractual investment advisory fee waiver described above or any voluntary waivers that may be in effect from time to time. Effective December 1, 2019, the repayment arrangement between the Fund and the Manager pursuant to which such Fund may be required to repay amounts waived and/or reimbursed under the Fund’s contractual caps on net expenses was terminated.

The following fund level and class specific waivers and/or reimbursements previously recorded by Advantage Global Fund, which were subject to recoupment by the Manager, expired on December 1, 2019:

Fund Level	$	3,664,549
Institutional		186,656
Investor A		1,017,033
Investor C		363,661
Class K		2,502
Class R		72,831

Securities Lending:The U.S. Securities and Exchange Commission (“SEC”) has issued an exemptive order which permits BIM, an affiliate of the Manager, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BIM bears all operational costs directly related to securities lending. The Funds are responsible for expenses in connection with the investment of cash collateral received for securities on loan (the “collateral investment expenses”). The cash collateral is invested in a private investment company managed by the Manager or its affiliates. However, BIM has agreed to cap the collateral investment expenses of the private investment company to an annual rate of 0.04%. The investment adviser to the private investment company will not charge any advisory fees with respect to shares purchased by the Funds. The private investment company in which the cash collateral has been invested may, under certain circumstances, impose a liquidity fee of up to 2% of the value withdrawn or temporarily restrict withdrawals for up to 10 business days during a 90 day period, in the event that the private investment company’s weekly liquid assets fall below certain thresholds.

Securities lending income is equal to the total of income earned from the reinvestment of cash collateral, net of fees and other payments to and from borrowers of securities, and less the collateral investment expenses. Each Fund retains a portion of securities lending income and remits a remaining portion to BIM as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment expenses), and this amount retained can never be less than 70% of the total of securities lending income plus the collateral investment expenses.

In addition, commencing the business day following the date that the aggregate securities lending income earned across the BlackRock Multi-Asset Complex in a calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year securities lending income in an amount equal to 85% of securities lending income (which excludes collateral investment expenses), and this amount retained can never be less than 70% of the total of securities lending income plus the collateral investment expenses.

The share of securities lending income earned by each Fund is shown as securities lending income — affiliated — net in the Statements of Operations. For the six months ended December 31, 2019, each Fund paid BIM the following amounts for securities lending agent services:

	Advantage Global		EuroFund
Securities lending agent services	$	1,049	$	—

Interfund Lending: In accordance with an exemptive order (the “Order”) from the SEC, each Fund may participate in a joint lending and borrowing facility for temporary purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by each Fund’s investment policies and restrictions. EuroFund is currently permitted to borrow under the Interfund Lending Program. Advantage Global is currently permitted to borrow and lend under the Interfund Lending Program.

A lending BlackRock fund may lend in aggregate up to 15% of its net assets, but may not lend more than 5% of its net assets to any one borrowing fund through the Interfund Lending Program. A borrowing BlackRock fund may not borrow through the Interfund Lending Program or from any other source more than 33 1/3% of its total assets (or any lower threshold provided for by the fund’s investment restrictions). If a borrowing BlackRock fund’s total outstanding borrowings exceed 10% of its total assets, each of its outstanding interfund loans will be subject to collateralization of at least 102% of the outstanding principal value of the loan. All interfund loans are for

44 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Notes to Financial Statements  (unaudited) (continued)

temporary or emergency purposes and the interest rate to be charged will be the average of the highest current overnight repurchase agreement rate available to a lending fund and the bank loan rate, as calculated according to a formula established by the Board.

During the period ended December 31, 2019, the Funds did not participate in the Interfund Lending Program.

Directors and Officers:Certain directors and/or officers of the Funds are directors and/or officers of BlackRock or its affiliates. The Funds reimburse the Manager for a portion of the compensation paid to the Funds’ Chief Compliance Officer, which is included in Directors and Officer in the Statements of Operations.

7. PURCHASES AND SALES

For the six months ended December 31, 2019, purchases and sales of investments and excluding short-term securities, were as follows:

	Advantage Global		EuroFund
Purchases	$	287,422,587	$	16,350,270
Sales		332,558,885		26,629,110

8. INCOME TAX INFORMATION

It is each Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Each Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on each Fund’s U.S. federal tax returns generally remains open for each of the four years ended June 30, 2019. The statutes of limitations on each Fund’s state and local tax returns may remain open for an additional year depending upon the jurisdiction.

Management has analyzed tax laws and regulations and their application to the Funds as of December 31, 2019, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.

As of June 30, 2019, the Funds hadnon-expiring capital loss carryforwards available to offset future realized capital gains as follows:

Advantage Global	EuroFund
$6,815,543	$	30,664,636

As of December 31, 2019, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:

	Advantage Global			EuroFund
Tax cost	$	394,274,328		$	93,860,053
Gross unrealized appreciation	$	56,794,219		$	22,739,399
Gross unrealized depreciation		(9,353,826	)		(3,594,550	)
Net unrealized appreciation (depreciation)	$	47,440,393		$	19,144,849

9. BANK BORROWINGS

The Funds along with certain other funds managed by the Manager and its affiliates (“Participating Funds”), are parties to a364-day, $2.25 billion credit agreement with a group of lenders. Under this agreement, the Funds may borrow to fund shareholder redemptions. Excluding commitments designated for certain individual funds, the Participating Funds, including the Funds, can borrow up to an aggregate commitment amount of $1.75 billion at any time outstanding, subject to asset coverage and other limitations as specified in the agreement. The credit agreement has the following terms: a fee of 0.10% per annum on unused commitment amounts and interest at a rate equal to the higher of(a) one-month LIBOR (but, in any event, not less than 0.00%) on the date the loan is made plus 0.80% per annum or (b) the Fed Funds rate (but, in any event, not less than 0.00%) in effect from time to time plus 0.80% per annum on amounts borrowed. The agreement expires in April 2020 unless extended or renewed. Prior to April 18, 2019, Participating Funds paid an upfront commitment fee of 0.02% on the total commitment amounts, in addition to administration, legal and arrangement fees, which are included in miscellaneous expenses in the Statements of Operations. These fees were allocated among such funds based upon portions of the aggregate commitment available to them and relative net assets of Participating Funds. During the six months ended December 31, 2019, the Funds did not borrow under the credit agreement.

10. PRINCIPAL RISKS

In the normal course of business, certain Funds invest in securities or other instruments and may enter into certain transactions, and such activities subject each Fund to various risks, including among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate and price fluctuations. Each Fund’s prospectus provides details of the risks to which each Fund is subject.

NOTESTO FINANCIAL STATEMENTS 45

Notes to Financial Statements  (unaudited) (continued)

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to redemption gates or liquidity fees under certain circumstances.

Valuation Risk: The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. A Fund may invest in illiquid investments. An illiquid investment is any investment that a Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A Fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause each Fund’s NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a Fund may lose value, regardless of the individual results of the securities and other instruments in which a Fund invests.

Counterparty Credit Risk:The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions. The Funds manage counterparty credit risk by entering into transactions only with counterparties that the Manager believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

A derivative contract may suffer amark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also occur if the counterparty does not perform under the contract.

With exchange-traded futures, there is less counterparty credit risk to the Funds since the exchange or clearinghouse, as counterparty to such instruments, guarantees against a possible default. The clearinghouse stands between the buyer and the seller of the contract; therefore, credit risk is limited to failure of the clearinghouse. While offset rights may exist under applicable law, a Fund does not have a contractual right of offset against a clearing broker or clearinghouse in the event of a default (including the bankruptcy or insolvency). Additionally, credit risk exists inexchange-traded futures with respect to initial and variation margin that is held in a clearing broker’s customer accounts. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing broker for all its clients, typically the shortfall would be allocated on a pro rata basis across all the clearing broker’s customers, potentially resulting in losses to the Funds.

Concentration Risk:The Funds invest a substantial amount of their assets in issuers located in a single country or a limited number of countries. When the Funds concentrate their investments in this manner, it assumes the risk that economic, political and social conditions in those countries may have a significant impact on their investment performance. Foreign issuers may not be subject to the same uniform accounting, auditing and financial reporting standards and practices as used in the United States. Foreign securities markets may also be more volatile and less liquid than U.S. securities and may be less subject to governmental supervision not typically associated with investing in U.S. securities. Investment percentages in specific countries are presented in the Schedules of Investments.

EuroFund invests a significant portion of its assets in securities of issuers located in Europe or with significant exposure to European issuers or countries. The European financial markets have recently experienced volatility and adverse trends due to concerns about economic downturns in, or rising government debt levels of, several European countries. These events may spread to other countries in Europe and may affect the value and liquidity of certain of the Fund’s investments.

Responses to the financial problems by European governments, central banks and others, including austerity measures and reforms, may not work, may result in social unrest and may limit future growth and economic recovery or have other unintended consequences. Further defaults or restructurings by governments and others of their debt could have additional adverse effects on economies, financial markets and asset valuations around the world. In addition, the United Kingdom has voted to withdraw from the European Union, and one or more other countries may withdraw from the European Union and/or abandon the Euro, the common currency of the European Union. The impact of these actions, especially if they occur in a disorderly fashion, is not clear but could be significant and far reaching.

46 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Notes to Financial Statements  (unaudited) (continued)

11. CAPITAL SHARE TRANSACTIONS

Transactions in capital shares for each class were as follows:

	Six Months Ended 12/31/19						Year Ended 06/30/19
Advantage Global	Shares			Amount			Shares			Amount
Institutional
Shares sold		288,848		$	6,292,212			1,232,648		$	24,912,052
Shares issued in reinvestment of distributions		68,864			1,530,165			159,143			3,133,521
Shares redeemed		(581,568	)		(12,506,428	)		(2,651,356	)		(55,309,098	)
Net decrease		(223,856	)	$	(4,684,051	)		(1,259,565	)	$	(27,263,525	)
Investor A
Shares sold and automatic conversion of shares		354,183		$	7,258,236			1,626,860		$	32,489,716
Shares issued in reinvestment of distributions		211,298			4,456,265			538,218			10,069,960
Shares redeemed		(1,690,734	)		(34,889,418	)		(3,872,814	)		(76,347,695	)
Net decrease		(1,125,253	)	$	(23,174,917	)		(1,707,736	)	$	(33,788,019	)
Investor C
Shares sold		13,448		$	227,004			113,130		$	1,800,863
Shares issued in reinvestment of distributions		33,866			584,186			124,565			1,913,305
Shares redeemed		(531,462	)		(8,928,581	)		(2,486,438	)		(40,904,182	)
Net decrease		(484,148	)	$	(8,117,391	)		(2,248,743	)	$	(37,190,014	)
Class K
Shares sold		57,175		$	1,243,844			363,428		$	7,674,626
Shares issued in reinvestment of distributions		6,480			143,926			8,407			165,540
Shares redeemed		(220,700	)		(4,836,563	)		(94,714	)		(1,971,467	)
Net increase (decrease)		(157,045	)	$	(3,448,793	)		277,121		$	5,868,699
Class R
Shares sold		37,151		$	691,916			112,045		$	2,021,830
Shares issued in reinvestment of distributions		6,948			132,081			30,451			514,018
Shares redeemed		(209,447	)		(3,892,518	)		(479,342	)		(8,614,397	)
Net decrease		(165,348	)	$	(3,068,521	)		(336,846	)	$	(6,078,549	)
Total Net Decrease		(2,155,650	)	$	(42,493,673	)		(5,275,769	)	$	(98,451,408	)

	Six Months Ended 12/31/19						Year Ended 06/30/19
EuroFund	Shares			Amount			Shares			Amount
Institutional
Shares sold		19,342		$	271,659			116,304		$	1,632,133
Shares issued in reinvestment of distributions		7,943			116,042			55,526			691,295
Shares redeemed		(206,756	)		(2,923,566	)		(767,404	)		(10,555,926	)
Net decrease		(179,471	)	$	(2,535,865	)		(595,574	)	$	(8,232,498	)
Investor A
Shares sold		51,386		$	713,655			329,601		$	4,582,724
Shares issued in reinvestment of distributions		5,312			76,225			131,602			1,608,202
Shares redeemed		(497,046	)		(6,919,723	)		(5,024,233	)		(67,280,467	)
Net decrease		(440,348	)	$	(6,129,843	)		(4,563,030	)	$	(61,089,541	)
Investor C
Shares sold		3,314		$	32,136			10,878		$	104,553
Shares issued in reinvestment of distributions		—			—			11,884			101,134
Shares redeemed		(50,324	)		(480,367	)		(323,337	)		(3,029,797	)
Net decrease		(47,010	)		$ (448,231	)		(300,575	)	$	(2,824,110	)
Class K
Shares sold		5,013		$	71,459			14,854		$	200,174
Shares issued in reinvestment of distributions		195			2,829			1,495			18,527
Shares redeemed		(9,379	)		(134,100	)		(33,530	)		(459,486	)
Net decrease		(4,171	)	$	(59,812	)		(17,181	)	$	(240,785	)

NOTESTO FINANCIAL STATEMENTS 47

Notes to Financial Statements  (unaudited) (continued)

	Six Months Ended 12/31/19						Year Ended 06/30/19
EuroFund	Shares			Amount			Shares			Amount
Class R
Shares sold		3,246		$	33,568			8,938		$	89,980
Shares issued in reinvestment of distributions		—			—			1,394			12,765
Shares redeemed		(7,832	)		(78,713	)		(46,452	)		(496,404	)
Net decrease		(4,586	)	$	(45,145	)		(36,120	)	$	(393,659	)
Total Net Decrease		(675,586	)	$	(9,218,896	)		(5,512,480	)	$	(72,780,593	)

As of December 31, 2019, shares owned by BlackRock Financial Management, Inc., an affiliate of the Funds, were as follows:

	Class K
EuroFund		12,070

12. SUBSEQUENT EVENTS

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

48 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Statement Regarding Liquidity Risk Management Program

The Securities and Exchange Commission adopted Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”) to promote effective liquidity risk management throughout the open-end investment company industry, thereby reducing the risk that funds will be unable to meet their redemption obligations and mitigating dilution of the interests of fund shareholders.

The Board of Directors of BlackRock Advantage Global Fund, Inc., on behalf of BlackRock Advantage Global Fund, Inc. and the Board of Trustees of BlackRock EuroFund, on behalf of BlackRock Euro Fund (together, the “Board”), met on November 12-13, 2019 (the “Meeting”) to review the liquidity risk management program (the “Program”) applicable to the BlackRock open-end funds, excluding money market funds (each, a “Fund”), pursuant to the Liquidity Rule. The Board has appointed BlackRock Advisors, LLC or BlackRock Fund Advisors (“BlackRock”), each an investment adviser to certain Funds, as the program administrator for each Fund’s Program, as applicable. BlackRock has delegated oversight of the Program to the 40 Act Liquidity Risk Management Committee (the “Committee”). At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the operation of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from December 1, 2018 through September 30, 2019 (the “Program Reporting Period”).

The Report described the Program’s liquidity classification methodology for categorizing a Fund’s investments (including derivative transactions) into one of four liquidity buckets. It also described BlackRock’s methodology in establishing a Fund’s HLIM and noted that the Committee reviews and ratifies the HLIM assigned to each Fund no less frequently than annually.

The Report noted that the Program complied with the key factors for consideration under the Liquidity Rule for assessing, managing and periodically reviewing a Fund’s liquidity risk, as follows:

A. The Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions:During the Program Reporting Period, the Committee reviewed whether each Fund’s strategy is appropriate for an open-end fund structure with a focus on Funds with more significant and consistent holdings of less liquid and illiquid assets. The Committee also factored a Fund’s concentration in an issuer into the liquidity classification methodology by taking issuer position sizes into account. Where a Fund participated in borrowings for investment purposes (such as tender option bonds and reverse repurchase agreements), such borrowings were factored into the Program’s calculation of a Fund’s liquidity bucketing. Derivative exposure was also considered in such calculation.

B. Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions:During the Program Reporting Period, the Committee reviewed historical net redemption activity and used this information as a component to establish each Fund’s reasonably anticipated trading size (“RATS”). Each Fund has adopted an in-kind redemption policy which may be utilized to meet larger redemption requests. The Committee may also take into consideration a Fund’s shareholder ownership concentration (which, depending on product type and distribution channel, may or may not be available), a Fund’s distribution channels, and the degree of certainty associated with a Fund’s short-term and long-term cash flow projections.

C. Holdings of cash and cash equivalents, as well as borrowing arrangements:The Committee considered the terms of the credit facility applicable to the Funds, the financial health of the institution providing the facility and the fact that the credit facility is shared among multiple Funds (including that a portion of the aggregate commitment amount is specifically designated for BlackRock Floating Rate Income Portfolio and BlackRock Credit Strategies Income Fund, each a series of BlackRock Funds V). The Committee also considered other types of borrowing available to the Funds, such as the ability to use reverse repurchase agreements and interfund lending, as applicable.

There were no material changes to the Program during the Program Reporting Period. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.

STATEMENT REGARDING LIQUIDITY RISK MANAGEMENT PROGRAM 49

Director and Officer Information

Mark Stalnecker, Chair of the Board and Director

Bruce R. Bond, Director

Susan J. Carter, Director

Collette Chilton, Director

Neil A. Cotty, Director

Lena G. Goldberg, Director

Robert M. Hernandez, Director

Henry R. Keizer, Director

Cynthia A. Montgomery, Director

Donald C. Opatrny, Director

Joseph P. Platt, Director

Kenneth L. Urish, Director

Claire A. Walton, Director

Robert Fairbairn, Director

John M. Perlowski, Director, President and Chief Executive Officer

Jennifer McGovern, Vice President

Neal J. Andrews, Chief Financial Officer

Jay M. Fife, Treasurer

Charles Park, Chief Compliance Officer

Lisa Belle, Anti-Money Laundering Compliance Officer

Janey Ahn, Secretary

Effective September 19, 2019, Lisa Belle replaced John MacKessy as the Anti-Money Laundering Compliance Officer of the Funds.

Effective September 19, 2019, Janey Ahn replaced Benjamin Archibald as the Secretary of the Funds.

Effective December 31, 2019, Robert M. Hernandez retired as Director/Trustee of the Funds.

Further information about the Funds’ Directors and Officers is available in the Funds’ Statement of Additional Information, which can be obtained without charge by calling (800)441-7762.

Investment Adviser

BlackRock Advisors, LLC

Wilmington, DE 19809

Sub-Advisor

BlackRock International Limited^(a)

Edinburgh, EH3 8BL,

United Kingdom

Custodian

Brown Brothers Harriman & Co.

Boston, MA 02109

Transfer Agent

BNY Mellon Investment Servicing (US) Inc.

Wilmington, DE 19809

Accounting Agent

State Street Bank and Trust Company

Boston, MA 02111

Distributor

BlackRock Investments, LLC

New York, NY 10022

Legal Counsel

Sidley Austin LLP

New York, NY 10019

Independent Registered Public Accounting Firm

Deloitte & Touche LLP

Boston, MA 02116

Address of the Funds

100 Bellevue Parkway

Wilmington, DE 19809

^(a)  For EuroFund only.

50 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Additional Information

General Information

Householding

The Funds will mail only one copy of shareholder documents, including prospectuses, annual and semi-annual reports and proxy statements, to shareholders with multiple accounts at the same address. This practice is commonly called “householding” and is intended to reduce expenses and eliminate duplicate mailings of shareholder documents. Mailings of your shareholder documents may be householded indefinitely unless you instruct us otherwise. If you do not want the mailing of these documents to be combined with those for other members of your household, please call the Funds at(800) 441-7762.

Availability of Quarterly Schedule of Investments

The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT, and for reporting periods ended prior to March 31, 2019, filed such information on FormN-Q. The Funds’ Forms N-PORT andN-Q are available on the SEC’s website at sec.gov. The Funds’ FormsN-Q may also be obtained upon request and without charge by calling(800) 441-7762.

Availability of Proxy Voting Policies and Procedures

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available upon request and without charge (1) by calling(800) 441-7762; (2) atblackrock.com; and (3) on the SEC’s website at sec.gov.

Availability of Proxy Voting Record

Information about how the Funds voted proxies relating to securities held in the Funds’ portfolios during the most recent12-month period ended June 30 is available upon request and without charge (1) atblackrock.com; or by calling(800) 441-7762 and (2) on the SEC’s website at sec.gov.

BlackRock’s Mutual Fund Family

BlackRock offers a diverse lineup of open-end mutual funds crossing all investment styles and managed by experts in equity, fixed-income and tax-exempt investing. Visitblackrock.com for more information.

Shareholder Privileges

Account Information

Call us at(800) 441-7762 from 8:00 AM to 6:00 PM ET on any business day to get information about your account balances, recent transactions and share prices. You can also visitblackrock.com for more information.

Automatic Investment Plans

Investor class shareholders who want to invest regularly can arrange to have $50 or more automatically deducted from their checking or savings account and invested in any of the BlackRock funds.

Systematic Withdrawal Plans

Investor class shareholders can establish a systematic withdrawal plan and receive periodic payments of $50 or more from their BlackRock funds, as long as their account balance is at least $10,000.

Retirement Plans

Shareholders may make investments in conjunction with Traditional, Rollover, Roth, Coverdell, Simple IRAs, SEP IRAs and 403(b) Plans.

ADDITIONAL INFORMATION 51

Additional Information  (continued)

BlackRock Privacy Principles

BlackRock is committed to maintaining the privacy of its current and former fund investors and individual clients (collectively, “Clients”) and to safeguarding theirnon-public personal information. The following information is provided to help you understand what personal information BlackRock collects, how we protect that information and why in certain cases we share such information with select parties.

If you are located in a jurisdiction where specific laws, rules or regulations require BlackRock to provide you with additional or different privacy-related rights beyond what is set forth below, then BlackRock will comply with those specific laws, rules or regulations.

BlackRock obtains or verifies personalnon-public information from and about you from different sources, including the following: (i) information we receive from you or, if applicable, your financial intermediary, on applications, forms or other documents; (ii) information about your transactions with us, our affiliates, or others; (iii) information we receive from a consumer reporting agency; and (iv) from visits to our websites.

BlackRock does not sell or disclose tonon-affiliated third parties anynon-public personal information about its Clients, except as permitted by law or as is necessary to respond to regulatory requests or to service Client accounts. Thesenon-affiliated third parties are required to protect the confidentiality and security of this information and to use it only for its intended purpose.

We may share information with our affiliates to service your account or to provide you with information about other BlackRock products or services that may be of interest to you. In addition, BlackRock restricts access tonon-public personal information about its Clients to those BlackRock employees with a legitimate business need for the information. BlackRock maintains physical, electronic and procedural safeguards that are designed to protect thenon-public personal information of its Clients, including procedures relating to the proper storage and disposal of such information.

52 2019 BLACKROCK SEMI-ANNUAL REPORTTO SHAREHOLDERS

Glossary of Terms Used in this Report

Currency
AUD	Australian Dollar
CAD	Canadian Dollar
EUR	Euro
GBP	British Pound
HKD	Hong Kong Dollar
JPY	Japanese Yen
NOK	Norwegian Krone
SGD	Singapore Dollar
USD	U.S. Dollar
Portfolio Abbreviations
ADR	American Depositary Receipts
CVA	Certificaten Van Aandelen (Dutch Certificate)
GDR	Global Depositary Receipt
NVDR	Non-voting Depository Receipts
S&P	Standard and Poor’s

GLOSSARYOF TERMS USEDINTHIS REPORT 53

Want to know more?

blackrock.com    |    877-275-1255 (1-877-ASK-1BLK)

This report is intended for current holders. It is not authorized for use as an offer of sale or a solicitation of an offer to buy shares of the Funds unless preceded or accompanied by the Funds’ current prospectus. Past performance results shown in this report should not be considered a representation of future performance. Investment returns and principal value of shares will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Statements and other information herein are as dated and are subject to change.

EGSC-12/19-SAR

Item 2  – Code of Ethics – Not Applicable to this semi-annual report

Item 3  – Audit Committee Financial Expert – Not Applicable to this semi-annual report

Item 4  – Principal Accountant Fees and Services – Not Applicable to this semi-annual report

Item 5  – Audit Committee of Listed Registrants – Not Applicable

Item 6  – Investments

(a) The registrant’s Schedule of Investments is included as part of the Report to Stockholders filed under Item 1 of this Form.

(b) Not Applicable due to no such divestments during the semi-annual period covered since the previous FormN-CSR filing.

Item 7  – Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies – Not Applicable

Item 8  – Portfolio Managers ofClosed-End Management Investment Companies – Not Applicable

Item 9  – Purchases of Equity Securities byClosed-End Management Investment Company and Affiliated Purchasers – Not Applicable

Item 10 – Submission of Matters to a Vote of Security Holders –There have been no material changes to these procedures.

Item 11 – Controls and Procedures

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule30a-3(b) under the 1940 Act and Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12 – Disclosure of Securities Lending Activities forClosed-End Management Investment Companies – Not Applicable

Item 13 – Exhibits attached hereto

(a)(1) – Code of Ethics – Not Applicable to this semi-annual report

(a)(2) – Certifications – Attached hereto

(a)(3) – Not Applicable

2

(a)(4) – Not Applicable

(b) – Certifications – Attached hereto

3

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

BlackRock EuroFund

By:	/s/ John M. Perlowski
	John M. Perlowski
	Chief Executive Officer (principal executive officer) of
	BlackRock EuroFund
Date: March 6, 2020

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ John M. Perlowski
	John M. Perlowski
	Chief Executive Officer (principal executive officer) of
	BlackRock EuroFund
Date: March 6, 2020

By:	/s/ Neal J. Andrews
	Neal J. Andrews
	Chief Financial Officer (principal financial officer) of
	BlackRock EuroFund
Date: March 6, 2020

4