Security | Investment Value | Value | |
Investment Companies | |||
Equity Funds — 100.1% | |||
Master Advantage U.S. Total Market LLC(a) | $ 329,849,714 | $ 329,849,714 | |
Total Investments — 100.1% (Cost: $289,625,607) | 329,849,714 | ||
Liabilities in Excess of Other Assets — (0.1)% | (169,761) | ||
Net Assets — 100.0% | $ 329,679,953 |
(a) | Affiliate of the Fund. |
Affiliated Issuer | Investment Value Held at 03/31/20 | Investment Value Purchased | Investment Value Sold | Investment Value Held at 06/30/20 | Value at 06/30/20 | Income | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | |||
Master Advantage U.S. Total Market LLC | $291,646,339 | $38,203,375(a)(b) | $— | $329,849,714 | $ 329,849,714 | $ 1,108,580 | $ 900,823 | $ 61,277,273 |
(a) | Represents net investment value purchased (sold). |
(b) | Inclusive of income, expense, realized and unrealized gains and losses allocated from the Master Portfolio. |
Affiliated Issuer | Shares Held at 03/31/20 | Shares Purchased | Shares Sold | Shares Held at 06/30/20 | Value at 06/30/20 | Income | Net Realized Gain (Loss)(a) | Change in Unrealized Appreciation (Depreciation) | |||
BlackRock Liquidity Funds, T-Fund, Institutional Class | 8,072,097 | 1,180,632(b) | — | 9,252,729 | $ 9,252,729 | $ 2,821 | $ — | $ — | |||
SL Liquidity Series, LLC, Money Market Series | 16,029,626 | — | (15,366,756)(b) | 662,870 | 663,400 | 24,290(c) | 1,890 | (732) | |||
$ 9,916,129 | $ 27,111 | $ 1,890 | $ (732) |
(a) | Includes net capital gain distributions, if applicable. |
(b) | Represents net shares purchased (sold). |
(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. |
Portfolio Abbreviation | |
CVR | Contingent Value Rights |
S&P | Standard & Poor’s |
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) |
Long Contracts | ||||
S&P 500 E-Mini Index | 68 | 09/18/20 | $ 10,507 | $ 183,596 |
Level 1 | Level 2 | Level 3 | Total | ||||
Assets | |||||||
Investments | |||||||
Long-Term Investments | |||||||
Common Stocks | $ 320,934,714 | $ — | $ — | $ 320,934,714 | |||
Rights | 32,127 | — | — | 32,127 | |||
Short-Term Securities | |||||||
Money Market Funds | 9,252,729 | — | — | 9,252,729 | |||
$ 330,219,570 | $ — | $ — | 330,219,570 | ||||
Investments Valued at NAV(a) | 663,400 | ||||||
$ 330,882,970 | |||||||
Derivative Financial Instruments(b) | |||||||
Assets | |||||||
Equity Contracts | $ 183,596 | $ — | $ — | $ 183,596 |
The breakdown of the Master LLC’s investments into major categories is disclosed in the Schedule of Investments above. |
(a) | Certain investments of the Master LLC were fair valued using NAV per share 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. |