NPORT-EX 2 NPORT_5836535214888629.htm BlackRock EuroFund

Schedule of Investments  (unaudited)

September 30, 2020

   

BlackRock EuroFund

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

Belgium — 1.7%

 

KBC Group NV

     35,674     $ 1,788,910  
   

 

 

  
Denmark — 3.3%            

DSV Panalpina AS

     21,090       3,420,865  
   

 

 

  
Finland — 5.1%            

Kone OYJ, Class B

     39,479       3,466,391  

Neste OYJ

     34,592       1,821,604  
   

 

 

  
      5,287,995  
France — 36.5%            

BNP Paribas SA(a)

    75,451       2,729,404  

Dassault Systemes SE

     9,421       1,757,790  

Eiffage SA(a)

    14,464       1,180,475  

Kering SA

     5,127       3,400,956  

LVMH Moet Hennessy Louis Vuitton SE

     14,738       6,895,916  

Pernod Ricard SA

     13,896       2,215,521  

Safran SA(a)

    28,391       2,793,307  

Sanofi(b)

    40,191       4,027,613  

Schneider Electric SE

     33,063       4,109,694  

STMicroelectronics NV

     74,552       2,286,509  

Teleperformance

     6,931       2,136,840  

Vinci SA

     27,099       2,264,298  

Worldline SA(a)(c)

    27,613       2,261,040  
   

 

 

  
      38,059,363  
Germany — 26.5%            

adidas AG, Class N(a)

    8,075       2,607,757  

Allianz SE, Registered Shares

     14,700       2,821,366  

CTS Eventim AG & Co. KGaA(a)

    4,269       206,334  

Deutsche Boerse AG

     12,222       2,142,763  

Deutsche Wohnen SE

     52,286       2,613,215  

Linde PLC

     12,017       2,841,188  

MTU Aero Engines AG

     10,123       1,678,096  

Puma SE(a)

    16,828       1,512,754  

QIAGEN NV(a)

    32,944       1,711,096  

Rational AG

     2,410       1,890,329  

SAP SE

     31,762       4,945,918  

Symrise AG

     19,283       2,663,416  
   

 

 

  
      27,634,232  
Ireland — 1.8%            

Kingspan Group PLC(a)

    21,084       1,918,776  
   

 

 

  
Italy — 6.6%            

Enel SpA

     267,730       2,322,801  

FinecoBank Banca Fineco SpA(a)

    220,001       3,030,230  

Moncler SpA(a)

    38,663       1,582,149  
   

 

 

  
      6,935,180  
Netherlands — 12.1%            

ASML Holding NV

     17,937       6,625,441  
Security   Shares     Value  
Netherlands (continued)            

ASR Nederland NV

     26,509     $ 891,585  

BE Semiconductor Industries NV

     25,274       1,083,543  

IMCD NV

     21,649       2,574,818  

Koninklijke Philips NV(a)

    31,393       1,482,349  
   

 

 

  
      12,657,736  
Spain — 2.1%            

Amadeus IT Group SA

     15,947       885,632  

Iberdrola SA

     106,306       1,308,477  
   

 

 

  
      2,194,109  
Switzerland — 1.9%            

Sika AG, Registered Shares

     7,902       1,940,349  
   

 

 

  
United Kingdom — 1.5%            

RELX PLC

     69,668       1,550,673  
   

 

 

  

Total Long-Term Investments — 99.1%
(Cost: $80,162,054)

 

     103,388,188  
   

 

 

  
Short-Term Securities  

Money Market Funds — 1.1%

    

BlackRock Liquidity Funds, T-Fund, Institutional Class,
0.02%(d)(e)

    425,702       425,702  

SL Liquidity Series, LLC, Money Market Series,
0.25%(d)(e)(f)

    700,658       700,938  
   

 

 

  
      1,126,640  
   

 

 

  
     Par (000)         

Time Deposits — 0.2%

    
Europe — 0.2%            

BNP Paribas SA, 0.69%, 10/01/20

     EUR    238       279,494  
   

 

 

  

Total Short-Term Securities — 1.3%
(Cost: $1,406,266)

 

     1,406,134  
   

 

 

  

Total Investments — 100.4%
(Cost: $81,568,320)

 

     104,794,322  

Liabilities in Excess of Other Assets — (0.4)%

 

     (437,676 ) 
   

 

 

  

Net Assets — 100.0%

 

   $ 104,356,646  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

All or a portion of this security is on loan.

(c) 

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.

(d) 

Affiliate of the Fund.

(e) 

Annualized 7-day yield as of period end.

(f) 

All or a portion of this security was purchased with the cash collateral from loaned securities.

 

 

 

SCHEDULE OF INVESTMENTS

   1

Schedule of Investments  (unaudited) (continued)

September 30, 2020

   

BlackRock EuroFund

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended September 30, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
06/30/20		      Purchases
at Cost		     

Proceeds

from Sales

      Net Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		      Value at
09/30/20		      Shares
Held at
09/30/20		      Income      Capital Gain
Distributions from
Underlying Funds		  

BlackRock Liquidity Funds, T-Fund, Institutional Class

    $ 453,145      $ —      $ (27,443 )(a)     $ —      $ —      $ 425,702        425,702      $ 113      $ —  

SL Liquidity Series, LLC, Money Market Series

      —        701,080 (a)       —        (11 )       (131 )       700,938        700,658        923 (b)       —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  
            $ (11 )     $ (131 )     $ 1,126,640         $ 1,036      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (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.

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the 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 BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the 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 financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

Certain investments of the Fund were fair valued using net asset value (“NAV”) per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

The following table summarizes the Fund’s investments categorized in the disclosure hierarchy. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

 

      Level 1        Level 2        Level 3        Total  

Assets

                  

Investments

                  

Long-Term Investments

                  

Common Stocks

                  

Belgium

    $ —        $ 1,788,910        $ —        $ 1,788,910  

Denmark

      —          3,420,865          —          3,420,865  

Finland

      —          5,287,995          —          5,287,995  

France

      —          38,059,363          —          38,059,363  

Germany

      3,601,425          24,032,807          —          27,634,232  

Ireland

      —          1,918,776          —          1,918,776  

Italy

      —          6,935,180          —          6,935,180  

Netherlands

      —          12,657,736          —          12,657,736  

Spain

      —          2,194,109          —          2,194,109  

Switzerland

      —          1,940,349          —          1,940,349  

United Kingdom

      —          1,550,673          —          1,550,673  

 

 

2  

Schedule of Investments  (unaudited) (continued)

September 30, 2020

   

BlackRock EuroFund

 

Fair Value Hierarchy as of Period End (continued)

      Level 1        Level 2        Level 3        Total  

Short-Term Securities

                  

Money Market Funds

    $ 425,702        $ —        $ —        $ 425,702  

Time Deposits

      —          279,494          —          279,494  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 4,027,127        $ 100,066,257        $ —          104,093,384  
  

 

 

       

 

 

       

 

 

       

 

 

  

Investments Valued at NAV(a)

                    700,938  
                 

 

 

  
                  $ 104,794,322  
                 

 

 

  

 

  (a) 

Certain investments of the Fund were fair valued using NAV per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

 

 

Currency Abbreviation
EUR    Euro

 

 

SCHEDULE OF INVESTMENTS

   3