Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
May
31,
2024
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Security
Par
(000)
Par
(000)
Value
U.S.
Treasury
Obligations
U.S.
Treasury
Bonds
,
5.50
%
,
08/15/28
.....
USD
13,279
$
13,793,458
U.S.
Treasury
Bonds
Principal
STRIPS
,
0.00
%
,
02/15/29
(a)
.................
35,278
28,515,977
U.S.
Treasury
Notes
2.25
%
,
02/15/27
-
11/15/27
...........
534,587
496,314,200
1.88
%
,
02/28/27
..................
513
475,762
0.63
%
,
03/31/27
-
08/15/30
...........
535,618
443,470,304
2.50
%
,
03/31/27
..................
537
506,322
0.50
%
,
04/30/27
-
10/31/27
...........
380,848
332,296,797
2.75
%
,
04/30/27
-
02/15/28
...........
595,168
559,718,640
2.38
%
,
05/15/27
-
05/15/29
...........
504,929
458,146,000
2.63
%
,
05/31/27
-
07/31/29
...........
657,263
604,824,604
3.25
%
,
06/30/27
-
06/30/29
...........
179,540
171,383,337
3.13
%
,
08/31/27
-
08/31/29
...........
664,458
627,022,609
4.13
%
,
09/30/27
-
03/31/31
...........
908,761
891,965,880
3.88
%
,
12/31/27
-
12/31/29
...........
602,620
584,593,933
0.75
%
,
01/31/28
..................
160,500
139,873,069
1.13
%
,
02/29/28
-
02/15/31
...........
728,432
616,776,264
4.00
%
,
02/29/28
-
01/31/31
...........
953,261
929,774,882
1.25
%
,
03/31/28
-
09/30/28
...........
1,177,804
1,033,479,377
3.50
%
,
04/30/28
-
04/30/30
...........
400,711
381,643,103
2.88
%
,
05/15/28
-
04/30/29
...........
720,846
675,492,112
1.00
%
,
07/31/28
..................
469,165
406,487,835
4.38
%
,
08/31/28
-
11/30/30
...........
693,666
688,575,525
1.38
%
,
10/31/28
..................
538,886
471,251,249
4.88
%
,
10/31/28
-
10/31/30
...........
317,984
323,097,799
1.50
%
,
11/30/28
..................
48,177
42,282,494
3.75
%
,
12/31/28
-
12/31/30
...........
823,751
792,433,160
Security
Par
(000)
Par
(000)
Value
U.S.
Treasury
Obligations
(continued)
1.75
%
,
01/31/29
-
11/15/29
...........
USD
107,483
$
93,656,561
4.25
%
,
02/28/29
-
02/28/31
...........
229,603
226,588,291
4.63
%
,
04/30/29
-
05/31/31
...........
504,375
507,490,860
4.50
%
,
05/31/29
..................
120,000
120,018,750
3.63
%
,
03/31/30
..................
173,401
165,564,088
1.63
%
,
05/15/31
..................
320,000
265,775,002
Total
Long-Term
Investments
—
98
.8
%
(Cost:
$
13,766,114,461
)
............................
13,093,288,244
Shares
Shares
Short-Term
Securities
Money
Market
Funds
—
0.6%
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
5.28
%
(b)
(c)
.................
74,085,687
74,085,687
Total
Short-Term
Securities
—
0
.6
%
(Cost:
$
74,085,687
)
...............................
74,085,687
Total
Investments
—
99
.4
%
(Cost:
$
13,840,200,148
)
............................
13,167,373,931
Other
Assets
Less
Liabilities
—
0.6
%
....................
83,388,002
Net
Assets
—
100.0%
...............................
$
13,250,761,933
(a)
Zero-coupon
bond.
(b)
Affiliate
of
the
Fund.
(c)
Annualized
7-day
yield
as
of
period
end.
Affiliated
Issuer
Value
at
02/29/24
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
05/31/24
Shares
Held
at
05/31/24
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
$
188,906,078
$
—
$
(
114,820,391
)
(a)
$
—
$
—
$
74,085,687
74,085,687
$
597,276
(b)
$
—
—
—
(a)
Represents
net
amount
purchased
(sold).
(b)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
fees
and
collateral
investment
expenses,
and
other
payments
to
and
from
borrowers
of
securities.