Schedule of Investments (unaudited) January 31, 2024 BlackRock Global Equity Market Neutral Fund (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
United States — 6.8%
CG oncology, Inc. (a)		13,813	$	514,674
Citigroup, Inc.		255,000		14,323,350
Invesco S&P 500 Equal Weight ETF		269,746		42,204,459
Klaviyo, Inc., Class A (a)		6,918		178,830
Netflix, Inc. (a)		27,000		15,230,970
Palantir Technologies, Inc., Class A (a)		4		64
Procter & Gamble Co.		74,000		11,628,360
Total Common Stocks — 6.8% (Cost: $76,894,947)				84,080,707
Preferred Securities
Preferred Stocks — 0.4%(b)
United States — 0.4%
AliphCom
Series 6, (Acquired 12/15/15, Cost: $—)(c)		8,264		—
Series 8		823,530		8
Illumio, Inc., Series C, (Acquired 03/10/15, Cost: $1,500,001)(c)		466,730		4,891,330
				4,891,338
Total Preferred Securities — 0.4% (Cost: $3,250,011)		4,891,338
	Par (000)
U.S. Government Sponsored Agency Securities
Agency Obligations — 0.3%
Federal Home Loan Bank Discount Notes, 4.81%, 12/30/24	$	3,090		2,960,993
Total U.S. Government Sponsored Agency Securities — 0.3% (Cost: $2,958,806)				2,960,993
U.S. Treasury Obligations
U.S. Treasury Floating Rate Notes, (3-mo. U.S.Treasury Money Market Yield + 0.25%), 5.57%, 01/31/26(d)		11,265		11,271,117
Total U.S. Treasury Obligations — 0.9% (Cost: $11,265,000)				11,271,117
Total Long-Term Investments — 8.4% (Cost: $94,368,764)				103,204,155
	Shares
Short-Term Securities
Money Market Funds — 0.5%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 5.21%(e)(f)		6,471,362		6,471,362

Security	Par (000)		Value
U.S. Treasury Obligations — 88.0%
U.S. Treasury Bills(g)
5.23%, 02/01/24	$	8,206	$	8,206,000
5.40%, 02/06/24 - 03/26/24		396,506		395,031,746
5.41%, 02/08/24 - 02/15/24		155,408		155,192,203
5.39%, 02/13/24 - 04/18/24		96,231		95,755,236
5.43%, 02/20/24		69,000		68,808,371
5.44%, 02/29/24		23,139		23,044,357
5.38%, 03/14/24 - 04/25/24		53,173		52,755,825
5.42%, 03/19/24		38,049		37,787,007
5.58%, 04/04/24		9,350		9,264,301
5.49%, 05/09/24		17,456		17,210,202
5.36%, 05/21/24 - 05/28/24		2,436		2,396,936
5.33%, 06/04/24(h)		5,253		5,163,315
5.25%, 06/13/24		3,960		3,885,656
5.35%, 06/20/24		15,749		15,440,076
5.26%, 07/05/24		19,799		19,369,351
5.24%, 07/11/24		14,795		14,462,083
5.19%, 07/18/24		24,450		23,880,641
5.20%, 07/25/24 - 08/01/24		12,694		12,375,065
5.22%, 07/25/24		17,122		16,705,618
5.13%, 11/29/24		5,000		4,805,399
4.83%, 12/26/24		4,916		4,711,449
4.81%, 01/23/25		4,542		4,339,553
U.S. Treasury Floating Rate Notes(d)
(3-mo. U.S.Treasury Money Market Yield - 0.08%), 5.25%, 04/30/24		4,885		4,883,184
(3-mo. U.S.Treasury Money Market Yield + 0.14%), 5.47%, 10/31/24		54,540		54,530,772
(3-mo. U.S.Treasury Money Market Yield + 0.20%), 5.53%, 01/31/25		20,175		20,180,564
(3-mo. U.S.Treasury Money Market Yield + 0.17%), 5.50%, 10/31/25		15,182		15,173,519
				1,085,358,429
Total Short-Term Securities — 88.5% (Cost: $1,091,790,248)				1,091,829,791
Total Investments — 96.9% (Cost: $1,186,159,012)				1,195,033,946
Other Assets Less Liabilities — 3.1%				37,908,874
Net Assets — 100.0%			$	1,232,942,820

^(a)  Non-income producing security.

^(b)  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(c)  Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $4,891,330, representing 0.4% of its net assets as of period end, and an original cost of $1,500,001.

^(d)  Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(e)  Affiliate of the Fund.

^(f)  Annualized 7-day yield as of period end.

^(g)  Rates are discount rates or a range of discount rates as of period end.

^(h)  When-issued security.

1  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 04/30/23		Purchases at Cost			Proceeds from Sale		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 01/31/24		Shares Held at 01/31/24		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	1,420,426	$	5,050,936	(a)	$	—	$	—	$	—	$	6,471,362		6,471,362	$	190,700	$	—

^(a) Represents net amount purchased (sold).

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
S&P 500 E-Mini Index		262		03/15/24	$	63,804	$	(705,947	)
S&P 500 Annual Dividend Index		188		12/20/24		3,356		91,258
S&P 500 Annual Dividend Index		190		12/19/25		3,413		213,788
								(400,901	)
Short Contracts
CBOE Volatility Index		194		02/14/24		2,885		42,654
							$	(358,247	)

OTC Total Return Swaps — Future

Reference Entity	Fixed Amount Paid (Received)  by the Fund(a)		Counterparty	Termination Date	Notional Amount (000)			Value			Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
Nikkei Dividend XSIM Future December 2023	JPY	93,210,000	BNP Paribas SA	04/01/24	JPY	15	$	20,281		$	—	$	20,281
Nikkei Dividend XSIM Future December 2023	JPY	149,280,000	BNP Paribas SA	04/01/24	JPY	24		31,472			—		31,472
Nikkei Dividend XSIM Future December 2023	JPY	243,360,000	BNP Paribas SA	04/01/24	JPY	39		45,842			—		45,842
FTSE 100 Dividend Index Future December 2024	GBP	1,279,872	BNP Paribas SA	12/19/24	GBP	404		(35,808	)		—		(35,808	)
FTSE 100 Dividend Index Future December 2024	GBP	812,914	Morgan Stanley & Co. International PLC	12/19/24	GBP	263		2,378			—		2,378
Euro Stoxx 50 Dividend Future December 2024	EUR	1,426,920	BNP Paribas SA	12/20/24	EUR	94		45,420			—		45,420
Euro Stoxx 50 Dividend Future December 2024	EUR	592,178	Morgan Stanley & Co. International PLC	12/20/24	EUR	40		35,562			—		35,562
Euro Stoxx 50 Dividend Future December 2024	EUR	932,050	Morgan Stanley & Co. International PLC	12/20/24	EUR	63		56,692			—		56,692
FTSE 100 Dividend Index Future December 2024	GBP	336,911	Morgan Stanley & Co. International PLC	12/20/24	GBP	109		985			—		985
FTSE 100 Dividend Index Future December 2024	GBP	240,697	Morgan Stanley & Co. International PLC	12/20/24	GBP	77		(2,720	)		—		(2,720	)
Nikkei Dividend XSIM Future December 2024	JPY	81,237,000	BNP Paribas SA	04/01/25	JPY	13		39,306			—		39,306
Nikkei Dividend XSIM Future December 2024	JPY	155,000,000	BNP Paribas SA	04/01/25	JPY	25		83,911			—		83,911
Nikkei Dividend XSIM Future December 2024	JPY	230,130,000	BNP Paribas SA	04/01/25	JPY	36		73,746			—		73,746

S C H E D U L E  O F   I N V E S T M E N T S 2

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

OTC Total Return Swaps — Future (continued)

Reference Entity	Fixed Amount Paid (Received)  by the Fund(a)		Counterparty	Termination Date	Notional Amount (000)			Value		Upfront Premium Paid (Received)		Unrealized Appreciation (Depreciation)
FTSE 100 Dividend Index Future December 2025	GBP	1,270,080	BNP Paribas SA	12/18/25	GBP	441	$	88,466	$	—	$	88,466
FTSE 100 Dividend Index Future December 2025	GBP	486,641	Morgan Stanley & Co. International PLC	12/18/25	GBP	171		41,703		—		41,703
FTSE 100 Dividend Index Future December 2025	GBP	809,643	Morgan Stanley & Co. International PLC	12/18/25	GBP	285		71,311		—		71,311
Euro Stoxx 50 Dividend Future December 2025	EUR	1,404,340	BNP Paribas SA	12/19/25	EUR	98		108,858		—		108,858
Euro Stoxx 50 Dividend Future December 2025	EUR	512,974	Morgan Stanley & Co. International PLC	12/19/25	EUR	37		59,727		—		59,727
Euro Stoxx 50 Dividend Future December 2025	EUR	926,218	Morgan Stanley & Co. International PLC	12/19/25	EUR	67		111,051		—		111,051
							$	878,183	$	—	$	878,183

^(a) At termination, the fixed amount paid (received) will be exchanged for the total return of the reference entity.

OTC Total Return Swaps

Reference Entity	Payment Frequency	Counterparty(a)	Termination Date		Net Notional			Accrued Unrealized Appreciation (Depreciation)			Net Value of Reference Entity			Gross Notional Amount Net Asset Percentage
Equity Securities Long/Short	Monthly	Bank of America N.A.(b)		02/15/28	$	(9,515,459	)	$	3,301,652	(c)	$	(6,260,845	)		54.4	%
	Monthly	Bank of America N.A.(d)		02/15/28		(940,458	)		98,997	(e)		(469,681	)		48.1
	Monthly	Barclays Bank PLC(f)		11/11/24 – 01/02/25		26,976,320			(2,868,007	)(g)		25,497,952			117.6
	Monthly	Barclays Bank PLC(h)		11/11/24 – 12/24/24		319,523			(693,661	)(i)		(77,361	)		58.1
	Monthly	BNP Paribas SA(j)		03/21/25 – 12/15/26		(18,651,455	)		1,645,747	(k)		(16,889,286	)		73.5
	Monthly	BNP Paribas SA(l)		03/17/25 – 11/17/25		(1,273,781	)		1,724,530	(m)		691,778			21.7
	Monthly	Goldman Sachs Bank USA(n)		08/19/26		(806,436	)		1,895,199	(o)		1,585,430			58.9
	Monthly	Goldman Sachs Bank USA(p)		08/09/24 – 08/19/26		(10,100,227	)		(352,470	)(q)		(10,108,717	)		83.6
	Monthly	UBS AG(r)		04/18/28		(16,068,175	)		3,725,310	(s)		(12,225,128	)		46.9
	Monthly	UBS AG(t)		04/18/28		(531,588	)		322,043	(u)		(3,703	)		19.9
								$	8,799,340		$	(18,259,561	)

^(a)  The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions.

^(c)  Amount includes $47,038 of net dividends and financing fees.

^(e)  Amount includes $(371,780) of net dividends and financing fees.

^(g)  Amount includes $(1,389,639) of net dividends and financing fees.

⁽ⁱ⁾  Amount includes $(296,777) of net dividends and financing fees.

^(k)  Amount includes $(116,422) of net dividends and financing fees.

^(m) Amount includes $(241,029) of net dividends and financing fees.

^(o)  Amount includes $(496,667) of net dividends and financing fees.

^(q)  Amount includes $(343,980) of net dividends and financing fees.

^(s)  Amount includes $(117,737) of net dividends and financing fees.

^(u)  Amount includes $(205,842) of net dividends and financing fees.

3  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Equity Securities Long/Short (continued)

The following are the specified benchmarks (plus or minus a range) used in determining the variable rate of interest:

	(b)	(d)	(f)
Range:	0-150 basis points	0-885 basis points	0-50 basis points
Benchmarks:	AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - 1W Copenhagen Interbank Swap Rate (CIBOR) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1M Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01)	AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - 1W Copenhagen Interbank Swap Rate (CIBOR) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1M Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01)	AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) USD - 1D Overnight Bank Funding Rate (OBFR01)
	(h)	(j)	(l)
	15-900 basis points	0-350 basis points	0-825 basis points
	AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01)	AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) Bank of Canada Overnight Rate Target (CABROVER) CHF - Swiss Average Rate O/N (SSARON) DKK - Danish Tom/Next Reference Rate (DETNT/N) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1M Tel Aviv Interbank Offer Rate (TELBOR) JPY - 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1D New Zealand Official Overnight Deposit Rate (NZOCO) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01)	AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) CHF - Swiss Average Rate O/N (SSARON) DKK - Danish Tom/Next Reference Rate (DETNT/N) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1D Overnight Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Fed Funds Effective Rate (FEDL01)

S C H E D U L E  O F   I N V E S T M E N T S 4

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

(n)	(p)	(r)
0-1,414 basis points	0-93 basis points	15-200 basis points
AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) CHF - Swiss Average Rate O/N (SSARON) DKK - Danish Tom/Next Reference Rate (DETNT/N) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1D Overnight Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1D New Zealand Official Overnight Deposit Rate (NZOCO) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Fed Funds Effective Rate (FEDL01)	AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) CHF - Swiss Average Rate O/N (SSARON) DKK - Danish Tom/Next Reference Rate (DETNT/N) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1D Overnight Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) SEK - 1D Overnight Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Fed Funds Effective Rate (FEDL01)	AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) DKK - 1W Copenhagen Interbank Swap Rate (CIBOR) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1D Overnight Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1M New Zealand Bank Bill Rate (BBR) SEK - TN Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01)
(t)
15-760 basis points
AUD - 1D Overnight Reserve Bank of Australia Rate (AONIA) CAD - 1D Overnight Bank of Canada Repo Rate (CORRA) DKK - 1W Copenhagen Interbank Swap Rate (CIBOR) EUR - 1D Euro Short Term Rate (ESTR) GBP - 1D Sterling Overnight Index Average (SONIA) HKD - Overnight Index Average (HONIA) ILS - 1D Overnight Tel Aviv Interbank Offer Rate (TELBOR) JPY - Provisional 1D Overnight Tokyo Average Rate (TONA) NOK - Norwegian Overnight Weighted Average (NOWA) NZD - 1M New Zealand Bank Bill Rate (BBR) SEK - TN Stockholm Interbank Offer Rate (STIBOR) SGD - Overnight Rate Average (SORA) USD - 1D Overnight Bank Funding Rate (OBFR01)

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with Bank of America N.A. as of period end, termination date 02/15/28:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
AGL Energy Ltd.		90,672	$	520,162		(8.3	)%
Aristocrat Leisure Ltd.		53,901		1,575,616		(25.2	)
Charter Hall Group		36,547		289,253		(4.6	)

Security	Shares		Value		% of Basket Value
Australia (continued)
Flight Centre Travel Group Ltd.		10,821	$	151,703		(2.4	)%
Worley Ltd.		117,977		1,151,752		(18.4	)
				3,688,486
Austria
ams-OSRAM AG		175,718		414,699		(6.6	)
BAWAG Group AG		13,534		704,643		(11.3	)
				1,119,342
Belgium
Liberty Global Ltd., Class C		52,543		1,100,250		(17.6	)
Sofina SA		3,820		925,338		(14.8	)

5  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Belgium (continued)
Syensqo SA		32,432	$	2,932,431		(46.8	)%
Warehouses De Pauw CVA		5,038		149,395		(2.4	)
				5,107,414
Canada
Algonquin Power & Utilities Corp.		28,634		169,046		(2.7	)
Barrick Gold Corp.		47,126		733,254		(11.7	)
Capital Power Corp.		5,509		150,850		(2.4	)
Cenovus Energy, Inc.		16,450		265,516		(4.2	)
CGI, Inc.		3,440		384,386		(6.1	)
Element Fleet Management Corp.		22,181		372,732		(6.0	)
Enerplus Corp.		23,987		346,952		(5.5	)
FirstService Corp.		24		4,002		(0.1	)
Gibson Energy, Inc.		7,299		116,068		(1.9	)
Imperial Oil Ltd.		5,272		302,922		(4.8	)
Keyera Corp.		27,180		654,936		(10.5	)
Kinaxis, Inc.		3,614		438,485		(7.0	)
Magna International, Inc.		18,786		1,063,685		(17.0	)
Manulife Financial Corp.		712		15,710		(0.2	)
Pembina Pipeline Corp.		31,296		1,073,886		(17.2	)
TELUS Corp.		58,265		1,039,429		(16.6	)
TransAlta Corp.		10,533		75,992		(1.2	)
West Fraser Timber Co. Ltd.		1,725		136,603		(2.2	)
WSP Global, Inc.		479		70,107		(1.1	)
				7,414,561
Denmark
AP Moller - Maersk A/S, Class B		243		453,917		(7.2	)
DSV A/S		6,101		1,105,668		(17.7	)
Genmab A/S		1,732		485,550		(7.8	)
Novo Nordisk A/S, Class B		213,411		24,665,174		(394.0	)
Novozymes A/S, B Shares		13,880		720,589		(11.5	)
Orsted A/S		5,965		340,549		(5.4	)
Pandora A/S		2,549		375,091		(6.0	)
				28,146,538
France
Alstom SA		2,146		27,430		(0.4	)
Amundi SA		4,176		286,256		(4.6	)
Bouygues SA		28,960		1,075,723		(17.2	)
Dassault Aviation SA		885		169,896		(2.7	)
Eiffage SA		38,050		4,033,603		(64.4	)
Engie SA		128,513		2,079,189		(33.2	)
Eurazeo SE		11,228		968,053		(15.5	)
Forvia SE		4,324		75,528		(1.2	)
Gaztransport Et Technigaz SA		1,195		169,479		(2.7	)
Gecina SA		2,294		256,491		(4.1	)
Hermes International SCA		4,761		10,155,747		(162.2	)
Rexel SA		18,631		502,057		(8.0	)
Ubisoft Entertainment SA		7,606		170,241		(2.7	)
Valeo SE		42,677		564,783		(9.0	)
Vallourec SA		7,608		110,270		(1.8	)
Vinci SA		12,343		1,575,832		(25.2	)
				22,220,578
Germany
Adidas AG, Class N		6,062		1,159,821		(18.5	)
Aroundtown SA		21,027		47,583		(0.8	)
Bayerische Motoren Werke AG		40,279		4,233,769		(67.6	)
Heidelberg Materials AG		15,381		1,439,117		(23.0	)
HUGO BOSS AG, Ordinary Shares		391		24,794		(0.4	)
K&S AG, Class N		8,558		121,674		(1.9	)

Security	Shares		Value		% of Basket Value
Germany (continued)
KION Group AG		5,140	$	237,350		(3.8	)%
Knorr-Bremse AG		93		5,757		(0.1	)
LANXESS AG		8,224		222,706		(3.6	)
Mercedes-Benz Group AG, Class N		59,520		4,071,184		(65.0	)
Nemetschek SE		5,102		476,420		(7.6	)
RWE AG		69,975		2,621,260		(41.9	)
Siemens AG, Class N		51,281		9,293,319		(148.4	)
Wacker Chemie AG		2,665		290,874		(4.7	)
				24,245,628
Hong Kong
Hang Lung Properties Ltd.		101,000		117,172		(1.9	)
Hongkong Land Holdings Ltd.		300		936		(0.0	)
New World Development Co. Ltd.		20,000		24,496		(0.4	)
Swire Pacific Ltd., Class A		25,000		193,300		(3.1	)
Swire Properties Ltd.		115,000		214,764		(3.4	)
				550,668
Ireland
Kerry Group PLC, Class A		7,423		669,830		(10.7	)
Smurfit Kappa Group PLC		63,232		2,378,781		(38.0	)
				3,048,611
Israel
Nova Ltd.		6,282		909,696		(14.6	)
Wix.com Ltd.		7,119		903,259		(14.4	)
				1,812,955
Italy
Ferrari NV		474		167,447		(2.7	)
Intesa Sanpaolo SpA		419,354		1,308,653		(20.9	)
Saipem SpA		36,357		52,895		(0.8	)
Telecom Italia SpA		185,515		56,671		(0.9	)
				1,585,666
Japan
ABC-Mart, Inc.		13,700		239,721		(3.8	)
Aeon Co. Ltd.		8,100		195,329		(3.1	)
Amada Co. Ltd.		127,800		1,392,451		(22.2	)
Asahi Kasei Corp.		40,400		308,664		(4.9	)
Central Japan Railway Co.		80,500		2,028,208		(32.4	)
ENEOS Holdings, Inc.		202,300		824,663		(13.2	)
Fast Retailing Co. Ltd.		5,900		1,590,194		(25.4	)
Hulic Co. Ltd.		68,800		766,829		(12.3	)
ITOCHU Corp.		13,800		632,277		(10.1	)
J Front Retailing Co. Ltd.		25,600		239,360		(3.8	)
Japan Post Holdings Co. Ltd.		106,300		1,026,790		(16.4	)
JFE Holdings, Inc.		51,100		814,404		(13.0	)
JGC Holdings Corp.		6,100		71,601		(1.1	)
Kakaku.com, Inc.		77,500		890,112		(14.2	)
Komatsu Ltd.		29,400		843,848		(13.5	)
Kubota Corp.		64,400		984,064		(15.7	)
Kyowa Kirin Co. Ltd.		26,500		421,639		(6.7	)
Lawson, Inc.		29,200		1,684,682		(26.9	)
M3, Inc.		83,600		1,331,969		(21.3	)
Makita Corp.		2,300		62,511		(1.0	)
MEIJI Holdings Co. Ltd.		32,700		798,338		(12.8	)
Mitsubishi Chemical Group Corp.		9,900		60,273		(1.0	)
Mitsui & Co. Ltd.		39,800		1,629,509		(26.0	)
Mizuho Financial Group, Inc.		56,800		1,040,989		(16.6	)
Nihon M&A Center Holdings, Inc.		50,700		307,273		(4.9	)
Nikon Corp.		30,200		311,060		(5.0	)
Nippon Express Holdings, Inc.		7,600		456,631		(7.3	)

S C H E D U L E  O F   I N V E S T M E N T S 6

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Japan (continued)
Nippon Shinyaku Co. Ltd.		26,200	$	934,390		(14.9	)%
Nissan Motor Co. Ltd.		131,000		519,092		(8.3	)
Nisshin Seifun Group, Inc.		36,300		511,163		(8.2	)
NSK Ltd.		174,100		958,110		(15.3	)
Obayashi Corp.		19,700		184,064		(2.9	)
OBIC Business Consultants Co. Ltd.		44,000		1,991,967		(31.8	)
Obic Co. Ltd.		6,900		1,071,078		(17.1	)
Ono Pharmaceutical Co. Ltd.		11,400		207,448		(3.3	)
Oracle Corp. Japan		6,500		517,285		(8.3	)
Otsuka Corp.		39,700		1,686,513		(26.9	)
Otsuka Holdings Co. Ltd.		6,000		238,137		(3.8	)
Panasonic Holdings Corp.		102,600		975,388		(15.6	)
Resona Holdings, Inc.		245,900		1,369,475		(21.9	)
Sankyo Co. Ltd.		78,100		4,821,874		(77.0	)
SCREEN Holdings Co. Ltd.		7,100		702,050		(11.2	)
Sega Sammy Holdings, Inc.		31,400		466,500		(7.5	)
Seiko Epson Corp.		26,500		390,681		(6.2	)
Sekisui House Ltd.		106,200		2,420,466		(38.7	)
Shimadzu Corp.		15,500		432,878		(6.9	)
Shiseido Co. Ltd.		174,400		4,897,779		(78.2	)
Skylark Holdings Co. Ltd.		85,000		1,394,291		(22.3	)
SoftBank Group Corp.		14,900		648,565		(10.4	)
Sumitomo Corp.		63,500		1,474,122		(23.6	)
Sumitomo Mitsui Trust Holdings, Inc.		38,800		802,492		(12.8	)
TIS, Inc.		20,400		458,239		(7.3	)
Tokyo Tatemono Co. Ltd.		19,400		301,874		(4.8	)
				51,329,310
Luxembourg
ArcelorMittal SA		61,499		1,715,389		(27.4	)
Macau
Galaxy Entertainment Group Ltd.		37,000		191,908		(3.1	)
Sands China Ltd.		60,800		159,480		(2.5	)
				351,388
Netherlands
ABN AMRO Bank NV, CVA		76,984		1,148,070		(18.3	)
ASR Nederland NV		3,516		167,860		(2.7	)
ING Groep NV		48,317		695,500		(11.1	)
Koninklijke DSM NV		1,376		137,884		(2.2	)
NN Group NV		45,764		1,891,417		(30.2	)
Redcare Pharmacy NV		1,462		205,359		(3.3	)
				4,246,090
New Zealand
Xero Ltd.		13,658		992,439		(15.8	)
Norway
Aker BP ASA		51,432		1,385,147		(22.1	)
Equinor ASA		33,513		973,703		(15.6	)
Gjensidige Forsikring ASA		4,108		67,135		(1.1	)
Var Energi ASA		6,753		19,882		(0.3	)
				2,445,867
Puerto Rico
Popular, Inc.		2,427		207,387		(3.3	)
Singapore
Singapore Airlines Ltd.		71,200		355,439		(5.7	)
Spain
Banco de Sabadell SA		484,298		636,653		(10.2	)
Banco Santander SA		306,395		1,248,066		(19.9	)

Security	Shares		Value		% of Basket Value
Spain (continued)
Bankinter SA		81,315	$	509,239		(8.1	)%
Fluidra SA		4,082		89,491		(1.4	)
Grifols SA, Class A		21,944		241,851		(3.9	)
Industria de Diseno Textil SA		37,179		1,610,569		(25.7	)
Repsol SA		4,823		72,150		(1.2	)
Telefonica SA		1,604,748		6,608,925		(105.6	)
				11,016,944
Sweden
Electrolux AB, Class B		4,923		46,425		(0.8	)
Telia Co. AB		115,861		300,291		(4.8	)
Trelleborg AB, Class B		49,341		1,511,239		(24.1	)
Volvo Car AB, Class B		5,180		13,613		(0.2	)
				1,871,568
Switzerland
ABB Ltd., Class N		48,139		2,053,463		(32.8	)
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates		88		1,126,888		(18.0	)
Flughafen Zurich AG, Class N		5,364		1,115,817		(17.8	)
Kuehne and Nagel International AG, Registered Shares		51,335		17,519,012		(279.8	)
Temenos AG, Class N		3,306		338,790		(5.4	)
				22,153,970
United Arab Emirates
Dubai Taxi Co.PJSC		4,562,971		2,807,638		(44.8	)
United Kingdom
Auto Trader Group PLC		96,946		895,665		(14.3	)
Aviva PLC		226,960		1,243,901		(19.9	)
British Land Co. PLC		326,844		1,577,045		(25.2	)
Burberry Group PLC		19,826		327,894		(5.2	)
Darktrace PLC		5,759		25,082		(0.4	)
Drax Group PLC		76,299		494,601		(7.9	)
easyJet PLC		274,844		1,931,792		(30.9	)
Informa PLC		18,699		184,194		(2.9	)
J Sainsbury PLC		424,109		1,454,683		(23.2	)
Just Eat Takeaway.com NV		64,325		981,000		(15.7	)
Land Securities Group PLC		111,177		941,379		(15.0	)
Marks & Spencer Group PLC		282,299		885,912		(14.1	)
Moneysupermarket.com Group PLC		2		7		(0.0	)
Smiths Group PLC		180,310		3,711,915		(59.3	)
Spectris PLC		56,901		2,660,074		(42.5	)
Tate & Lyle PLC		28		222		(0.0	)
Tesco PLC		285,448		1,038,787		(16.6	)
Tritax Big Box REIT PLC		49,244		103,544		(1.7	)
Vodafone Group PLC		1,313,158		1,121,220		(17.9	)
Weir Group PLC		14,411		332,707		(5.3	)
Wise PLC, Class A		18,101		185,503		(3.0	)
				20,097,127
United States
A O Smith Corp.		9,288		720,842		(11.5	)
Academy Sports & Outdoors, Inc.		1,306		81,925		(1.3	)
Adient PLC		15,984		554,805		(8.9	)
Adobe, Inc.		2,222		1,372,707		(21.9	)
Advanced Drainage Systems, Inc.		567		73,948		(1.2	)
AECOM		10,920		963,035		(15.4	)
Agilent Technologies, Inc.		16,090		2,093,309		(33.4	)
Alaska Air Group, Inc.		8,846		316,952		(5.1	)
Alcoa Corp.		21,421		637,275		(10.2	)
Align Technology, Inc.		1,820		486,522		(7.8	)

7  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United States (continued)
Alkermes PLC		641	$	17,339		(0.3	)%
Alnylam Pharmaceuticals, Inc.		34		5,879		(0.1	)
Amdocs Ltd.		12,547		1,150,309		(18.4	)
AMETEK, Inc.		17,951		2,908,960		(46.5	)
Amgen, Inc.		1,998		627,891		(10.0	)
Antero Resources Corp.		6,633		148,181		(2.4	)
Asbury Automotive Group, Inc.		138		28,850		(0.5	)
AT&T, Inc.		14,102		249,464		(4.0	)
Atlassian Corp., Class A		1,538		384,146		(6.1	)
AutoNation, Inc.		2,863		399,847		(6.4	)
Avnet, Inc.		12,114		548,764		(8.8	)
Axis Capital Holdings Ltd.		5,878		349,859		(5.6	)
Block, Inc., Class A		11,315		735,588		(11.7	)
Booking Holdings, Inc.		6		21,045		(0.3	)
Box, Inc., Class A		45,619		1,185,182		(18.9	)
Boyd Gaming Corp.		3,117		197,898		(3.2	)
BRP, Inc.		4,217		265,021		(4.2	)
Bunge Global SA		1,052		92,671		(1.5	)
Cable One, Inc.		416		228,355		(3.6	)
CACI International, Inc., Class A		1,812		622,839		(9.9	)
Cadence Design Systems, Inc.		1,189		342,979		(5.5	)
Camden Property Trust		25,296		2,373,777		(37.9	)
Carnival Corp.		8,967		148,673		(2.4	)
Cencora, Inc.		390		90,745		(1.5	)
Ceridian HCM Holding, Inc.		5,461		379,649		(6.1	)
CH Robinson Worldwide, Inc.		14,753		1,240,580		(19.8	)
Chemed Corp.		4,071		2,413,248		(38.5	)
Ciena Corp.		19,649		1,041,397		(16.6	)
Cincinnati Financial Corp.		6,520		722,416		(11.5	)
Cirrus Logic, Inc.		11,961		923,389		(14.7	)
Cognex Corp.		7,491		270,725		(4.3	)
Colgate-Palmolive Co.		10,116		851,767		(13.6	)
Coterra Energy, Inc.		25,593		636,754		(10.2	)
Credit Acceptance Corp.		4,014		2,171,855		(34.7	)
Curtiss-Wright Corp.		7,461		1,660,595		(26.5	)
Deckers Outdoor Corp.		421		317,320		(5.1	)
Domino’s Pizza, Inc.		648		276,191		(4.4	)
eBay, Inc.		36,054		1,480,738		(23.7	)
EMCOR Group, Inc.		158		36,041		(0.6	)
EOG Resources, Inc.		23,398		2,662,458		(42.5	)
Equity Residential		12,950		779,460		(12.5	)
Exact Sciences Corp.		3,897		254,864		(4.1	)
F5, Inc.		1,285		236,054		(3.8	)
Fidelity National Information Services, Inc.		29,974		1,866,181		(29.8	)
First American Financial Corp.		2,728		164,635		(2.6	)
Flex Ltd.		65,786		1,561,760		(24.9	)
Flowserve Corp.		35,563		1,420,031		(22.7	)
Fox Corp., Class A		6,332		204,524		(3.3	)
Franklin Resources, Inc.		5,356		142,630		(2.3	)
GoDaddy, Inc., Class A		5,810		619,695		(9.9	)
Graco, Inc.		10,102		861,701		(13.8	)
H&R Block, Inc.		14,680		687,611		(11.0	)
Halozyme Therapeutics, Inc.		10,042		339,922		(5.4	)
Harley-Davidson, Inc.		13,160		427,042		(6.8	)
Helmerich & Payne, Inc.		32,034		1,289,689		(20.6	)
Hilton Grand Vacations, Inc.		2,123		88,529		(1.4	)
HP, Inc.		63,861		1,833,449		(29.3	)
Incyte Corp.		536		31,501		(0.5	)
Independence Realty Trust, Inc.		3,042		44,687		(0.7	)
International Paper Co.		8,562		306,776		(4.9	)
Invesco Ltd.		16,564		262,208		(4.2	)
Invitation Homes, Inc.		8,614		283,659		(4.5	)

Security	Shares		Value		% of Basket Value
United States (continued)
Iridium Communications, Inc.		18,720	$	678,787		(10.8	)%
ITT, Inc.		5,442		657,285		(10.5	)
Jack Henry & Associates, Inc.		9,823		1,628,948		(26.0	)
James Hardie Industries PLC, CDI		38,294		1,459,848		(23.3	)
Jones Lang LaSalle, Inc.		9,457		1,674,456		(26.7	)
KeyCorp		27,917		405,634		(6.5	)
KLA Corp.		169		100,393		(1.6	)
Lamar Advertising Co., Class A		1,035		108,344		(1.7	)
Landstar System, Inc.		390		74,771		(1.2	)
Lattice Semiconductor Corp.		4,049		246,422		(3.9	)
Liberty Media Corp.-Liberty SiriusXM		8,558		259,821		(4.2	)
Lockheed Martin Corp.		3,829		1,644,211		(26.3	)
Louisiana-Pacific Corp.		25,649		1,706,941		(27.3	)
Lyft, Inc., Class A		84,561		1,056,167		(16.9	)
Manhattan Associates, Inc.		5,094		1,235,601		(19.7	)
Marathon Oil Corp.		28,368		648,209		(10.4	)
Marsh & McLennan Cos., Inc.		3,124		605,556		(9.7	)
Masco Corp.		13,958		939,234		(15.0	)
Mettler-Toledo International, Inc.		1,061		1,270,219		(20.3	)
MGIC Investment Corp.		22,873		453,800		(7.2	)
MSCI, Inc., Class A		768		459,740		(7.3	)
Murphy USA, Inc.		823		290,124		(4.6	)
NetApp, Inc.		9,121		795,351		(12.7	)
New Jersey Resources Corp.		22,305		910,713		(14.5	)
Nutanix, Inc., Class A		6,276		352,711		(5.6	)
NVR, Inc.		24		169,807		(2.7	)
OGE Energy Corp.		10,149		337,353		(5.4	)
OneMain Holdings, Inc.		4,067		193,589		(3.1	)
Oshkosh Corp.		25,842		2,845,204		(45.4	)
Paramount Global, Class B		75,532		1,102,012		(17.6	)
Penske Automotive Group, Inc.		7,717		1,144,971		(18.3	)
Perrigo Co. PLC		605		19,408		(0.3	)
Pool Corp.		741		275,096		(4.4	)
Post Holdings, Inc.		22,700		2,108,149		(33.7	)
Primo Water Corp.		10,552		153,405		(2.5	)
Prudential Financial, Inc.		121		12,697		(0.2	)
PulteGroup, Inc.		16,236		1,697,636		(27.1	)
Pure Storage, Inc., Class A		25,503		1,019,865		(16.3	)
Qualys, Inc.		4,947		935,824		(14.9	)
Regions Financial Corp.		364		6,796		(0.1	)
Reinsurance Group of America, Inc.		21,699		3,773,239		(60.3	)
RH		1,658		420,270		(6.7	)
Robert Half, Inc.		8,869		705,440		(11.3	)
Roche Holding AG - BR		194		59,266		(0.9	)
S&P Global, Inc.		92		41,248		(0.7	)
SEI Investments Co.		13,555		857,218		(13.7	)
Service Corp. International		12,325		827,254		(13.2	)
Signify NV		205		6,234		(0.1	)
Silicon Laboratories, Inc.		2,914		359,471		(5.7	)
Skechers USA, Inc., Class A		7,585		473,607		(7.6	)
Spotify Technology SA		3,332		717,546		(11.5	)
Stellantis NV		13,724		306,287		(4.9	)
Synovus Financial Corp.		26,848		1,011,096		(16.2	)
Sysco Corp.		26,080		2,110,654		(33.7	)
T Rowe Price Group, Inc.		1,461		158,445		(2.5	)
TD SYNNEX Corp.		747		74,685		(1.2	)
TE Connectivity Ltd.		9,061		1,288,384		(20.6	)
Tenet Healthcare Corp.		2,941		243,338		(3.9	)
Teradata Corp.		2,322		107,230		(1.7	)
Teradyne, Inc.		24,230		2,340,376		(37.4	)
Toll Brothers, Inc.		11,932		1,185,444		(18.9	)
Transocean Ltd.		117,784		643,101		(10.3	)

8

S C H E D U L E  O F   I N V E S T M E N T S 8

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Trex Co., Inc.		13,867		$	1,129,883			(18.0	)%
U.S. Foods Holding Corp.		2,244			103,246			(1.6	)
UFP Industries, Inc.		480			54,456			(0.9	)
UGI Corp.		145,839			3,228,875			(51.6	)
Ulta Beauty, Inc.		106			53,217			(0.9	)
Unum Group		7,941			383,868			(6.1	)
Valero Energy Corp.		2,892			401,699			(6.4	)
Valmont Industries, Inc.		5,732			1,293,770			(20.7	)
Veeva Systems, Inc., Class A		4,899			1,016,102			(16.2	)
VeriSign, Inc.		7,853			1,561,805			(24.9	)
Visteon Corp.		1,300			149,877			(2.4	)
Wayfair, Inc., Class A		4,972			249,843			(4.0	)
West Pharmaceutical Services, Inc.		1,114			415,555			(6.6	)
Westinghouse Air Brake Technologies Corp.		11,565			1,521,607			(24.3	)
Westlake Corp.		9,105			1,259,677			(20.1	)
WeWork, Inc., Class A		1			0			0.0
Workday, Inc., Class A		830			241,588			(3.9	)
Xylem, Inc./New York		5,731			644,394			(10.3	)
Zions Bancorp NA		20,978			878,978			(14.0	)
Zoetis, Inc., Class A		3,492			655,833			(10.5	)
					115,856,517
Preferred Stocks
Germany
Bayerische Motoren Werke AG		738			72,668			(1.2	)
Rights
Spain
Iberdrola SA, (Expires 02/09/24)		558			116			(0.0	)
Total Reference Entity — Long					334,460,304
Reference Entity — Short
Common Stocks
Australia
Endeavour Group Ltd.		(9,273	)		(34,436	)		0.5
NEXTDC Ltd.		(50,393	)		(463,146	)		7.4
Pilbara Minerals Ltd.		(23,515	)		(54,388	)		0.9
					(551,970	)
Belgium
Anheuser-Busch InBev SA		(127,428	)		(7,980,343	)		127.5
D’ieteren Group		(16,190	)		(3,299,792	)		52.7
Elia Group SA/NV		(8,079	)		(986,390	)		15.7
KBC Group NV		(2,151	)		(141,442	)		2.3
					(12,407,967	)
Bermuda
RenaissanceRe Holdings Ltd.		(5,113	)		(1,170,008	)		18.7
Brazil
Yara International ASA		(125	)		(4,193	)		0.1
Canada
ARC Resources Ltd.		(6,935	)		(107,285	)		1.7
Canadian Apartment Properties REIT		(17,147	)		(592,859	)		9.5
CCL Industries, Inc., Class B		(7,681	)		(327,486	)		5.2
Fairfax Financial Holdings Ltd.		(1,967	)		(2,043,289	)		32.6
Hydro One Ltd.		(24,728	)		(731,101	)		11.7
iA Financial Corp., Inc.		(14,467	)		(979,915	)		15.6
Intact Financial Corp.		(4,201	)		(654,521	)		10.5
Loblaw Cos. Ltd.		(10,577	)		(1,052,927	)		16.8
Metro, Inc.		(31,672	)		(1,661,415	)		26.5

Security	Shares			Value			% of Basket Value
Canada (continued)
National Bank of Canada		(24,461	)	$	(1,864,031	)		29.8	%
Parex Resources, Inc.		(7,435	)		(122,639	)		2.0
Peyto Exploration & Development Corp.		(93,504	)		(898,541	)		14.4
Quebecor, Inc., Class B		(13,924	)		(337,235	)		5.4
SNC-Lavalin Group, Inc.		(6,940	)		(229,315	)		3.7
TMX Group Ltd.		(26,941	)		(663,806	)		10.6
Vermilion Energy, Inc.		(40,565	)		(434,263	)		6.9
					(12,700,628	)
China
Wharf Holdings Ltd.		(1,000	)		(2,921	)		0.0
Wilmar International Ltd.		(73,000	)		(179,863	)		2.9
					(182,784	)
Denmark
Carlsberg A/S, Class B		(3,700	)		(482,310	)		7.7
Coloplast A/S, Class B		(20,414	)		(2,383,148	)		38.1
Danske Bank A/S		(135,597	)		(3,678,593	)		58.7
Vestas Wind Systems A/S		(14,175	)		(404,835	)		6.5
					(6,948,886	)
Finland
Elisa OYJ		(11,509	)		(531,569	)		8.5
Fortum OYJ		(4,366	)		(60,522	)		1.0
Kesko OYJ, Class B		(16,914	)		(334,757	)		5.3
Neste OYJ		(47,617	)		(1,662,440	)		26.6
Nokia OYJ		(518,958	)		(1,898,828	)		30.3
Nordea Bank Abp		(33,666	)		(416,351	)		6.7
Orion OYJ, Class B		(4,718	)		(220,118	)		3.5
Stora Enso OYJ, Class R		(18,128	)		(233,918	)		3.7
UPM-Kymmene OYJ		(49,694	)		(1,832,470	)		29.3
					(7,190,973	)
France
Adevinta ASA, Class B		(52,729	)		(574,991	)		9.2
Biomerieux		(11,947	)		(1,302,956	)		20.8
Bollore SE		(542,328	)		(3,626,917	)		57.9
Capgemini SE		(2,821	)		(634,560	)		10.1
Covivio SA/France		(4,108	)		(201,654	)		3.2
Ipsen SA		(1,082	)		(126,381	)		2.0
Kering SA		(4,433	)		(1,843,469	)		29.5
Klepierre SA		(16,942	)		(444,581	)		7.1
Renault SA		(2,422	)		(92,424	)		1.5
Sartorius Stedim Biotech		(4,607	)		(1,256,715	)		20.1
TotalEnergies SE		(10,466	)		(688,053	)		11.0
Unibail-Rodamco-Westfield		(9,660	)		(699,840	)		11.2
					(11,492,541	)
Germany
AIXTRON SE		(6,086	)		(229,404	)		3.7
Bechtle AG		(12,294	)		(645,493	)		10.3
Carl Zeiss Meditec AG		(547	)		(58,463	)		0.9
Commerzbank AG		(10,328	)		(119,270	)		1.9
Hannover Rueck SE, Class N		(1,053	)		(255,835	)		4.1
HelloFresh SE		(6,462	)		(86,628	)		1.4
Symrise AG, Class A		(20,619	)		(2,154,750	)		34.4
					(3,549,843	)
Ireland
Kingspan Group PLC		(2,511	)		(206,623	)		3.3
Israel
Elbit Systems Ltd.		(1,297	)		(259,671	)		4.1

9  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Israel (continued)
Global-e Online Ltd.		(52,205	)	$	(1,971,783	)		31.5	%
ICL Group Ltd.		(162,889	)		(719,031	)		11.5
Mobileye Global, Inc., Class A		(24,132	)		(624,053	)		10.0
					(3,574,538	)
Italy
Assicurazioni Generali SpA		(5,030	)		(113,643	)		1.8
Banca Monte Dei Paschi Siena SpA		(90,736	)		(322,512	)		5.2
DiaSorin SpA		(1,636	)		(152,525	)		2.4
Eni SpA		(60,837	)		(983,006	)		15.7
Leonardo SpA		(45,977	)		(813,806	)		13.0
Nexi SpA		(12,878	)		(100,103	)		1.6
Poste Italiane SpA		(21,235	)		(233,379	)		3.7
					(2,718,974	)
Japan
Asahi Group Holdings Ltd.		(3,400	)		(127,625	)		2.0
Bridgestone Corp.		(25,900	)		(1,132,459	)		18.1
Chiba Bank Ltd.		(17,000	)		(127,160	)		2.0
Chubu Electric Power Co., Inc.		(12,000	)		(157,196	)		2.5
Concordia Financial Group Ltd.		(80,200	)		(385,729	)		6.2
FANUC Corp.		(2,900	)		(81,047	)		1.3
Fukuoka Financial Group, Inc.		(11,000	)		(272,789	)		4.4
GLP J-REIT		(75	)		(67,653	)		1.1
Harmonic Drive Systems, Inc.		(12,800	)		(313,623	)		5.0
Ibiden Co. Ltd.		(7,700	)		(391,618	)		6.3
Iida Group Holdings Co. Ltd.		(1,200	)		(18,301	)		0.3
Japan Metropolitan Fund Invest		(537	)		(368,133	)		5.9
Japan Real Estate Investment Corp.		(695	)		(2,690,687	)		43.0
JMDC, Inc.		(15,900	)		(425,010	)		6.8
Keisei Electric Railway Co. Ltd.		(33,000	)		(1,508,728	)		24.1
Kintetsu Group Holdings Co. Ltd.		(27,800	)		(866,333	)		13.8
Kyushu Electric Power Co., Inc.		(18,200	)		(137,568	)		2.2
Kyushu Railway Co.		(42,000	)		(931,954	)		14.9
Macnica Holdings, Inc.		(22,500	)		(1,202,803	)		19.2
MatsukiyoCocokara & Co.		(31,100	)		(570,788	)		9.1
Mercari, Inc.		(4,000	)		(66,790	)		1.1
MinebeaMitsumi, Inc.		(2,300	)		(47,984	)		0.8
Mitsui High-Tec, Inc.		(21,300	)		(992,894	)		15.9
Mitsui OSK Lines Ltd.		(24,600	)		(891,689	)		14.2
Nippon Building Fund, Inc.		(180	)		(735,514	)		11.7
Nippon Yusen KK		(13,800	)		(479,933	)		7.7
Nissan Chemical Corp.		(5,700	)		(229,588	)		3.7
Niterra Co. Ltd.		(66,900	)		(1,817,794	)		29.0
Oji Holdings Corp.		(269,800	)		(1,065,082	)		17.0
Osaka Gas Co. Ltd.		(1,900	)		(40,401	)		0.6
Rakuten Bank Ltd.		(3,500	)		(55,066	)		0.9
Resonac Holdings Corp.		(56,600	)		(1,139,527	)		18.2
Secom Co. Ltd.		(9,200	)		(674,416	)		10.8
Seven & i Holdings Co. Ltd.		(1,100	)		(43,857	)		0.7
SG Holdings Co. Ltd.		(36,500	)		(477,699	)		7.6
Sharp Corp.		(21,400	)		(145,375	)		2.3
SHIFT, Inc.		(200	)		(36,417	)		0.6
Shimano, Inc.		(2,000	)		(290,042	)		4.6
Shinko Electric Industries Co. Ltd.		(300	)		(11,198	)		0.2
Shizuoka Financial Group, Inc.		(44,200	)		(407,657	)		6.5
SMC Corp.		(5,700	)		(3,203,954	)		51.2
Socionext, Inc.		(1,700	)		(39,270	)		0.6
Sony Group Corp.		(10,200	)		(1,009,856	)		16.1
Square Enix Holdings Co. Ltd.		(500	)		(19,727	)		0.3
SUMCO Corp.		(155,900	)		(2,386,748	)		38.1

Security	Shares			Value			% of Basket Value
Japan (continued)
Taiyo Yuden Co. Ltd.		(9,600	)	$	(234,159	)		3.7	%
TDK Corp.		(1,700	)		(85,371	)		1.4
Tobu Railway Co. Ltd.		(700	)		(18,724	)		0.3
Tohoku Electric Power Co., Inc.		(50,400	)		(339,713	)		5.4
Tokyo Electric Power Co.Holdings, Inc.		(248,900	)		(1,338,480	)		21.4
Tokyo Gas Co. Ltd.		(11,800	)		(273,752	)		4.4
Tokyo Seimitsu Co. Ltd.		(2,200	)		(143,819	)		2.3
Tokyu Corp.		(25,800	)		(305,733	)		4.9
Ulvac, Inc.		(1,800	)		(88,894	)		1.4
Visional, Inc.		(300	)		(18,964	)		0.3
West Japan Railway Co.		(14,000	)		(588,668	)		9.4
Yamato Holdings Co. Ltd.		(10,700	)		(186,801	)		3.0
Yaskawa Electric Corp.		(8,900	)		(338,892	)		5.4
Yokohama Rubber Co. Ltd.		(11,900	)		(284,261	)		4.5
					(32,331,913	)
Netherlands
BE Semiconductor Industries NV		(544	)		(82,762	)		1.3
Heineken Holding NV		(31,719	)		(2,697,170	)		43.1
Heineken NV		(42,446	)		(4,327,236	)		69.1
IMCD NV		(1,149	)		(177,854	)		2.8
JDE Peet’s NV		(41,039	)		(1,026,618	)		16.4
Koninklijke Ahold Delhaize NV		(25,412	)		(724,429	)		11.6
OCI NV		(5,957	)		(172,327	)		2.7
Universal Music Group NV		(19,201	)		(573,471	)		9.2
					(9,781,867	)
Norway
Orkla ASA		(173,434	)		(1,379,096	)		22.0
Salmar ASA		(13,720	)		(773,078	)		12.4
					(2,152,174	)
Portugal
Jeronimo Martins SGPS SA		(4,002	)		(92,249	)		1.5
Singapore
CapitaLand Ascendas REIT		(177,600	)		(387,028	)		6.2
City Developments Ltd.		(21,300	)		(97,283	)		1.5
Oversea-Chinese Banking Corp. Ltd.		(192,200	)		(1,844,730	)		29.4
Singapore Exchange Ltd.		(8,700	)		(61,128	)		1.0
UOL Group Ltd.		(58,600	)		(273,728	)		4.4
					(2,663,897	)
Spain
Amadeus IT Group SA		(16,509	)		(1,172,205	)		18.7
Corp. ACCIONA Energias Renovables SA		(7,328	)		(193,049	)		3.1
Solaria Energia y Medio Ambiente SA		(1,017	)		(15,123	)		0.2
					(1,380,377	)
Sweden
Beijer Ref AB, Class B		(785	)		(10,765	)		0.2
Boliden AB		(23,721	)		(634,935	)		10.1
Epiroc AB, Class A		(54,197	)		(965,685	)		15.4
Epiroc AB, Class B		(8,920	)		(140,247	)		2.2
EQT AB		(37,577	)		(1,016,776	)		16.2
Evolution Ab		(20,923	)		(2,461,993	)		39.3
Getinge AB, Class B		(5,976	)		(128,795	)		2.1
Industrivarden AB, Class A		(143	)		(4,538	)		0.1
Investment AB Latour, Class B		(23,764	)		(598,806	)		9.6
Investor AB, Class B		(20,500	)		(486,377	)		7.8
Lifco AB, Class B		(4,756	)		(115,681	)		1.9
Sandvik Ab		(173,558	)		(3,675,465	)		58.7
Skandinaviska Enskilda Banken AB, Class A		(362,833	)		(5,193,650	)		83.0

S C H E D U L E  O F   I N V E S T M E N T S 10

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Sweden (continued)
Svenska Cellulosa AB SCA, Class B		(127,798	)	$	(1,754,303	)		28.0	%
Svenska Handelsbanken AB, A Shares		(178,488	)		(1,936,634	)		30.9
Swedbank AB, A Shares		(17,001	)		(347,037	)		5.5
					(19,471,687	)
Switzerland
Alcon, Inc.		(14,399	)		(1,093,150	)		17.5
Bachem Holding AG, Class N		(6,394	)		(431,668	)		6.9
Baloise Holding AG, Class N		(19,330	)		(3,104,108	)		49.6
Georg Fischer AG, Registered Shares		(504	)		(34,013	)		0.5
Helvetia Holding AG, Registered Shares		(7,792	)		(1,127,721	)		18.0
SIG Group AG		(9,573	)		(202,071	)		3.2
Straumann Holding AG, Registered Shares		(2,530	)		(387,367	)		6.2
Swiss Life Holding AG, Class N		(6,276	)		(4,541,509	)		72.5
Swisscom AG, Class N		(5,049	)		(3,045,328	)		48.6
UBS Group AG, Registered Shares		(72,745	)		(2,194,889	)		35.1
VAT Group AG		(93	)		(43,639	)		0.7
					(16,205,463	)
Thailand
Fabrinet		(457	)		(97,574	)		1.6
United Kingdom
Ashtead Group PLC		(46,271	)		(3,037,137	)		48.5
BAE Systems PLC		(42,126	)		(630,258	)		10.1
Barratt Developments PLC		(28,429	)		(194,601	)		3.1
Beazley PLC		(33,853	)		(233,982	)		3.7
Berkeley Group Holdings PLC		(1,016	)		(61,786	)		1.0
Croda International PLC		(19,100	)		(1,160,794	)		18.5
DS Smith PLC		(176,917	)		(633,667	)		10.1
Howden Joinery Group PLC		(47,391	)		(481,943	)		7.7
HSBC Holdings PLC		(1,219,253	)		(9,544,721	)		152.4
JD Sports Fashion PLC		(596,167	)		(884,629	)		14.1
Lloyds Banking Group PLC		(390,655	)		(210,160	)		3.4
Melrose Industries PLC		(46,828	)		(350,532	)		5.6
Ocado Group PLC		(109,376	)		(752,940	)		12.0
Persimmon PLC		(2,558	)		(47,318	)		0.8
Rentokil Initial PLC		(152,744	)		(790,118	)		12.6
RS Group PLC		(98,607	)		(980,865	)		15.7
Unilever PLC		(21,111	)		(1,031,698	)		16.5
					(21,027,149	)
United States
10X Genomics, Inc., Class A		(13,183	)		(549,336	)		8.8
Accenture PLC, Class A		(783	)		(284,918	)		4.6
Aflac, Inc.		(5,202	)		(438,737	)		7.0
Agree Realty Corp.		(32,924	)		(1,962,600	)		31.3
Air Lease Corp., Class A		(5,650	)		(236,227	)		3.8
Airbnb, Inc., Class A		(6,746	)		(972,368	)		15.5
Albemarle Corp.		(16,089	)		(1,846,052	)		29.5
Ally Financial, Inc.		(26,193	)		(960,759	)		15.3
American Electric Power Co., Inc.		(51,007	)		(3,985,687	)		63.7
Amkor Technology, Inc.		(8,936	)		(282,914	)		4.5
Analog Devices, Inc.		(34,298	)		(6,597,563	)		105.4
Antero Midstream Corp.		(16,074	)		(196,746	)		3.1
Apellis Pharmaceuticals, Inc.		(2,913	)		(184,364	)		2.9
Aramark		(10,890	)		(316,681	)		5.1
Asana, Inc., Class A		(10,407	)		(181,290	)		2.9
Aspen Technology, Inc.		(25,941	)		(4,980,413	)		79.6
ATI, Inc.		(23,933	)		(978,142	)		15.6
Avantor, Inc.		(33,415	)		(768,211	)		12.3
Ball Corp.		(7,111	)		(394,305	)		6.3

Security	Shares			Value			% of Basket Value
United States (continued)
BJ’s Wholesale Club Holdings, Inc.		(21,550	)	$	(1,386,527	)		22.1	%
Boston Scientific Corp.		(26,729	)		(1,690,877	)		27.0
Braze, Inc., Class A		(3,370	)		(182,149	)		2.9
BWX Technologies, Inc.		(12,151	)		(990,063	)		15.8
Cboe Global Markets, Inc.		(2,377	)		(437,011	)		7.0
CF Industries Holdings, Inc.		(6,147	)		(464,160	)		7.4
Chesapeake Energy Corp.		(4,231	)		(326,252	)		5.2
Chord Energy Corp.		(16,838	)		(2,589,011	)		41.4
Churchill Downs, Inc.		(9,374	)		(1,133,973	)		18.1
Civitas Resources, Inc.		(10,423	)		(675,515	)		10.8
Coca-Cola Consolidated, Inc.		(1,464	)		(1,261,075	)		20.1
Columbia Sportswear Co.		(853	)		(67,609	)		1.1
Concentrix Corp.		(3,510	)		(311,934	)		5.0
Confluent, Inc., Class A		(5,695	)		(127,340	)		2.0
Core & Main, Inc., Class A		(3,057	)		(126,285	)		2.0
Corteva, Inc.		(1,554	)		(70,676	)		1.1
Coty, Inc., Class A		(123,233	)		(1,488,655	)		23.8
Crane Co.		(11,965	)		(1,484,976	)		23.7
Danaher Corp.		(2,743	)		(658,073	)		10.5
Diamondback Energy, Inc.		(431	)		(66,262	)		1.1
Dollar General Corp.		(2,014	)		(265,989	)		4.3
Dollar Tree, Inc.		(18,740	)		(2,447,819	)		39.1
DoorDash, Inc., Class A		(8,519	)		(887,680	)		14.2
DoubleVerify Holdings, Inc.		(10,998	)		(440,030	)		7.0
Doximity, Inc., Class A		(67,836	)		(1,828,180	)		29.2
Duke Energy Corp.		(8,311	)		(796,443	)		12.7
Element Solutions, Inc.		(9,322	)		(207,228	)		3.3
Endeavor Group Holdings, Inc., Class A		(5,117	)		(126,646	)		2.0
Entegris, Inc.		(4,911	)		(578,025	)		9.2
Envista Holdings Corp.		(2,005	)		(47,118	)		0.8
Equifax, Inc.		(7,266	)		(1,775,374	)		28.4
Erie Indemnity Co., Class A		(2,360	)		(816,159	)		13.0
Estee Lauder Cos., Inc., Class A		(1,330	)		(175,547	)		2.8
Eversource Energy		(21,734	)		(1,178,417	)		18.8
Extra Space Storage, Inc.		(607	)		(87,675	)		1.4
Ferguson PLC		(4,630	)		(869,438	)		13.9
Fifth Third Bancorp		(17,684	)		(605,500	)		9.7
Fluence Energy, Inc., Class A		(29,538	)		(586,920	)		9.4
Freshworks, Inc., Class A		(67,243	)		(1,492,795	)		23.8
FTI Consulting, Inc.		(910	)		(174,365	)		2.8
Gaming and Leisure Properties, Inc.		(49,326	)		(2,251,732	)		36.0
GE HealthCare, Inc.		(5,392	)		(395,557	)		6.3
Goldman Sachs Group, Inc.		(2,726	)		(1,046,811	)		16.7
Graphic Packaging Holding Co.		(31,426	)		(801,677	)		12.8
Haleon PLC		(570,331	)		(2,327,030	)		37.2
Hasbro, Inc.		(14,793	)		(724,117	)		11.6
HB Fuller Co.		(821	)		(62,207	)		1.0
Healthcare Realty Trust, Inc.		(41,068	)		(661,605	)		10.6
Hexcel Corp.		(5,595	)		(371,452	)		5.9
Howmet Aerospace, Inc.		(50,514	)		(2,841,918	)		45.4
Hyatt Hotels Corp., Class A		(5,421	)		(695,894	)		11.1
Immunovant, Inc.		(4,314	)		(157,073	)		2.5
Inari Medical, Inc.		(7,876	)		(448,538	)		7.2
Ingersoll Rand, Inc.		(10,612	)		(847,474	)		13.5
Interactive Brokers Group, Inc., Class A		(16,702	)		(1,482,303	)		23.7
International Flavors & Fragrances, Inc.		(18,127	)		(1,462,486	)		23.4
Intra-Cellular Therapies, Inc.		(6,736	)		(453,602	)		7.2
Jacobs Solutions, Inc.		(3,830	)		(516,169	)		8.2
Keurig Dr. Pepper, Inc.		(116,571	)		(3,664,992	)		58.5
KKR & Co., Inc., Class A		(20,986	)		(1,816,968	)		29.0
Kroger Co.		(5,609	)		(258,799	)		4.1

11  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
L3Harris Technologies, Inc.		(7,786	)	$	(1,622,758	)		25.9	%
Laboratory Corp. of America Holdings		(19,869	)		(4,416,879	)		70.5
Lantheus Holdings, Inc.		(18,360	)		(953,435	)		15.2
Levi Strauss & Co., Class A		(24,518	)		(399,153	)		6.4
Loews Corp.		(7,331	)		(534,137	)		8.5
MACOM Technology Solutions Holdings, Inc., Class H		(3,975	)		(342,764	)		5.5
Madison Square Garden Sports Corp., Class A		(16,058	)		(2,972,336	)		47.5
MarketAxess Holdings, Inc.		(7,507	)		(1,692,904	)		27.0
Marriott International, Inc., Class A		(7,947	)		(1,905,134	)		30.4
Masimo Corp.		(9,647	)		(1,243,884	)		19.9
Matador Resources Co.		(3,586	)		(196,836	)		3.1
Morgan Stanley		(17,269	)		(1,506,548	)		24.1
Mueller Industries, Inc.		(66,848	)		(3,208,704	)		51.3
Murphy Oil Corp.		(2,582	)		(99,923	)		1.6
National Storage Affiliates Trust		(59,732	)		(2,230,990	)		35.6
New Fortress Energy, Inc., Class A		(10,961	)		(364,234	)		5.8
New York Community Bancorp, Inc., Class A		(82,178	)		(531,692	)		8.5
Nexstar Media Group, Inc., Class A		(1,977	)		(351,333	)		5.6
Nordson Corp.		(3,820	)		(961,570	)		15.4
Omega Healthcare Investors, Inc.		(4,173	)		(121,017	)		1.9
Omnicom Group, Inc.		(10,439	)		(943,477	)		15.1
Onto Innovation, Inc.		(5,950	)		(960,925	)		15.3
Organon & Co.		(5,052	)		(84,116	)		1.3
Parsons Corp.		(23,705	)		(1,544,381	)		24.7
PayPal Holdings, Inc.		(2,394	)		(146,872	)		2.3
PBF Energy, Inc., Class A		(26,463	)		(1,336,646	)		21.4
Penumbra, Inc.		(692	)		(174,515	)		2.8
Permian Resources Corp., Class A		(140,455	)		(1,893,333	)		30.2
PG&E Corp.		(157,656	)		(2,659,657	)		42.5
Pinnacle Financial Partners, Inc.		(23,282	)		(2,057,663	)		32.9
Planet Fitness, Inc., Class A		(820	)		(55,563	)		0.9
Procore Technologies, Inc.		(4,278	)		(305,406	)		4.9
PTC, Inc.		(2,681	)		(484,323	)		7.7
QIAGEN NV		(57,255	)		(2,489,753	)		39.8
Quest Diagnostics, Inc.		(3,906	)		(501,648	)		8.0
R1 RCM, Inc.		(18,164	)		(185,999	)		3.0
Rambus, Inc.		(2,223	)		(152,342	)		2.4
Raymond James Financial, Inc.		(9,622	)		(1,060,152	)		16.9
Regal Rexnord Corp.		(1,968	)		(262,649	)		4.2
Repligen Corp.		(4,624	)		(875,786	)		14.0
Rivian Automotive, Inc., Class A		(2,476	)		(37,908	)		0.6
RLI Corp.		(3,330	)		(454,112	)		7.3
Robinhood Markets, Inc., Class A		(46,414	)		(498,486	)		8.0
Roche Holding AG - Genusschein		(11,075	)		(3,146,415	)		50.3
Ryman Hospitality Properties, Inc.		(3,564	)		(391,684	)		6.3
Samsara, Inc., Class A		(16,796	)		(527,394	)		8.4
Sanofi SA		(30,378	)		(3,083,450	)		49.3
Selective Insurance Group, Inc.		(4,327	)		(453,729	)		7.2
SentinelOne, Inc., Class A		(9,850	)		(263,980	)		4.2
SharkNinja, Inc.		(4,048	)		(189,123	)		3.0
Shockwave Medical, Inc.		(4,558	)		(1,031,248	)		16.5
Simpson Manufacturing Co., Inc.		(892	)		(161,443	)		2.6
Sinch AB		(101,101	)		(312,677	)		5.0
SoFi Technologies, Inc.		(22,485	)		(176,058	)		2.8
SolarEdge Technologies, Inc.		(13,792	)		(917,168	)		14.7
SouthState Corp.		(1,296	)		(107,698	)		1.7
SPS Commerce, Inc.		(5,338	)		(981,124	)		15.7
STAG Industrial, Inc.		(7,531	)		(278,195	)		4.4
Starwood Property Trust, Inc.		(14,494	)		(294,663	)		4.7
State Street Corp.		(2,015	)		(148,848	)		2.4

Security	Shares			Value			% of Basket Value
United States (continued)
Surgery Partners, Inc.		(5	)	$	(153	)		0.0	%
Take-Two Interactive Software, Inc.		(15,551	)		(2,564,826	)		41.0
Teledyne Technologies, Inc.		(4,894	)		(2,047,992	)		32.7
Teleflex, Inc.		(3,598	)		(873,702	)		14.0
Tenable Holdings, Inc.		(5,489	)		(258,532	)		4.1
Tenaris SA		(20,739	)		(331,922	)		5.3
TKO Group Holdings, Inc., Class A		(37,421	)		(3,131,763	)		50.0
Toro Co.		(7,943	)		(734,569	)		11.7
Tradeweb Markets, Inc., Class A		(11,494	)		(1,096,413	)		17.5
Tyler Technologies, Inc.		(4,275	)		(1,807,256	)		28.9
Union Pacific Corp.		(18,013	)		(4,393,911	)		70.2
United Rentals, Inc.		(1,678	)		(1,049,421	)		16.8
Valaris Ltd.		(27,950	)		(1,729,267	)		27.6
Valvoline, Inc.		(37,254	)		(1,359,398	)		21.7
Veralto Corp.		(16,733	)		(1,283,254	)		20.5
Warner Music Group Corp., Class A		(693	)		(25,288	)		0.4
Webster Financial Corp.		(20,028	)		(990,985	)		15.8
Welltower, Inc.		(47,625	)		(4,120,039	)		65.8
Whirlpool Corp.		(10,364	)		(1,135,065	)		18.1
Wyndham Hotels & Resorts, Inc.		(5,367	)		(418,250	)		6.7
Wynn Resorts Ltd.		(6,621	)		(625,221	)		10.0
XPO, Inc.		(21,551	)		(1,841,317	)		29.4
YETI Holdings, Inc.		(37,278	)		(1,639,114	)		26.2
Zebra Technologies Corp., Class A		(2,222	)		(532,280	)		8.5
ZoomInfo Technologies, Inc., CLass A		(20,812	)		(333,824	)		5.3
					(171,942,090	)
Preferred Stocks
Germany
Sartorius AG		(2,369	)		(874,781	)		14.0
Total Reference Entity — Short					(340,721,149	)
Net Value of Reference Entity — Bank of America N.A				$	(6,260,845	)

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with Bank of America N.A. as of period end, termination date 02/15/28:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
Abacus Group		66,569	$	48,101		(10.2	)%
Accent Group Ltd.		152,467		203,526		(43.3	)
Alumina Ltd.		1,190,221		907,851		(193.3	)
AMP Ltd.		3,824,459		2,349,268		(500.2	)
Arena REIT		33,761		77,803		(16.6	)
AUB Group Ltd.		1,813		36,586		(7.8	)
Austal Ltd.		138,860		186,952		(39.8	)
Bega Cheese Ltd.		130,164		321,654		(68.5	)
Boral Ltd.		302,063		1,056,836		(225.0	)
Charter Hall Retail REIT		136,351		334,305		(71.2	)
Charter Hall Social Infrastructure REIT		78,534		143,944		(30.6	)
Credit Corp. Group Ltd.		17,655		199,156		(42.4	)
CSR Ltd.		242,763		1,109,184		(236.2	)
Data#3 Ltd.		133,415		858,896		(182.9	)
Downer EDI Ltd.		183,671		507,302		(108.0	)

S C H E D U L E  O F   I N V E S T M E N T S 12

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Australia (continued)
GrainCorp Ltd., Class A		75,960	$	404,643		(86.1	)%
Growthpoint Properties Australia Ltd.		237,300		376,996		(80.3	)
Netwealth Group Ltd.		22,724		250,451		(53.3	)
NRW Holdings Ltd.		47,664		85,548		(18.2	)
Perenti Ltd.		555,777		300,789		(64.0	)
Pinnacle Investment Management Group Ltd.		14,635		97,990		(20.9	)
Regis Resources Ltd., Registered Shares		525,960		728,691		(155.1	)
Ridley Corp. Ltd.		64,988		120,489		(25.7	)
Silver Lake Resources Ltd.		405,182		323,616		(68.9	)
SiteMinder Ltd.		23,517		81,669		(17.4	)
Star Entertainment Grp Ltd.		1,316,641		484,294		(103.1	)
Technology One Ltd.		167,927		1,741,094		(370.7	)
Ventia Services Group Pty Ltd.		319,064		694,462		(147.9	)
Waypoint REIT Ltd.		138,150		225,637		(48.0	)
				14,257,733
Austria
ANDRITZ AG		17,598		1,097,235		(233.6	)
Kontron AG		27,958		656,966		(139.9	)
Raiffeisen Bank International AG		148,726		3,143,785		(669.4	)
Telekom Austria AG, Class A		15,385		135,809		(28.9	)
UNIQA Insurance Group AG		42,076		357,607		(76.1	)
Wienerberger AG		6,344		217,651		(46.3	)
				5,609,053
Belgium
Barco NV		48,288		813,643		(173.2	)
Proximus SADP		101,762		976,604		(207.9	)
Shurgard Self Storage Ltd.		3,724		174,971		(37.3	)
				1,965,218
Canada
AbCellera Biologics, Inc.		82,653		422,357		(89.9	)
Advantage Energy Ltd.		21,164		138,300		(29.4	)
Aecon Group, Inc.		108,923		1,115,300		(237.5	)
Ag Growth International, Inc.		3,164		132,373		(28.2	)
Artis Real Estate Investment Trust		47,537		229,254		(48.8	)
B2Gold Corp.		5		14		(0.0	)
Boralex, Inc., Class A		17,269		414,943		(88.4	)
Canfor Corp.		59,152		713,165		(151.8	)
Centerra Gold, Inc.		56,279		295,600		(62.9	)
Crombie Real Estate Investment Trust		38,197		384,578		(81.9	)
Doman Building Materials Group Ltd.		12,906		75,050		(16.0	)
DREAM Unlimited Corp., Class A		12,805		224,942		(47.9	)
Fortuna Silver Mines, Inc.		161,108		489,782		(104.3	)
Freehold Royalties Ltd.		16,454		169,830		(36.2	)
H&R Real Estate Investment Trust		65,920		481,046		(102.4	)
Interfor Corp.		40,483		623,583		(132.8	)
Laurentian Bank of Canada		22,530		442,866		(94.3	)
Major Drilling Group International, Inc.		22,174		136,310		(29.0	)
Nexus Industrial REIT		3,556		21,233		(4.5	)
North American Construction Group Ltd.		30,691		704,700		(150.0	)
Novagold Resources, Inc.		67,859		172,192		(36.7	)
Obsidian Energy Ltd.		24,261		164,855		(35.1	)
Pason Systems, Inc.		42,006		458,825		(97.7	)
Russel Metals, Inc.		35,257		1,151,831		(245.2	)
Silvercorp Metals, Inc.		19,003		44,917		(9.6	)
Stelco Holdings, Inc.		47,908		1,531,777		(326.1	)
Topaz Energy Corp.		53,026		763,746		(162.6	)
				11,503,369

Security	Shares		Value		% of Basket Value
Channel Islands
Balanced Commercial Property Trust Ltd.		613,243	$	590,564		(125.7	)%
Denmark
H Lundbeck A/S, Class B		85,395		438,125		(93.3	)
Finland
Citycon OYJ		31,762		167,826		(35.7	)
France
CGG SA		651,042		316,716		(67.4	)
Cie Plastic Omnium SE		63,611		739,332		(157.4	)
Clariane SE		55,123		141,037		(30.0	)
Derichebourg SA		10,764		55,611		(11.8	)
Etablissements Maurel et Prom SA		26,634		159,640		(34.0	)
ICADE		47,361		1,627,280		(346.5	)
Rubis SCA		28,378		727,014		(154.8	)
Television Francaise 1 SA		143,540		1,281,075		(272.8	)
				5,047,705
Georgia
Bank of Georgia Group PLC		23,981		1,158,326		(246.6	)
TBC Bank Group PLC		15,656		580,823		(123.7	)
				1,739,149
Germany
Atoss Software AG		1,969		545,768		(116.2	)
Aurubis AG		4,089		298,198		(63.5	)
Auto1 Group SE		51,213		215,836		(45.9	)
Bilfinger SE		23,609		1,013,477		(215.8	)
CompuGroup Medical SE & Co. KgaA		4,157		180,343		(38.4	)
Deutsche Pfandbriefbank AG		25,107		153,180		(32.6	)
Deutsche Wohnen SE		12,632		310,934		(66.2	)
Deutz AG		153,793		939,888		(200.1	)
Duerr AG		59,371		1,375,098		(292.8	)
Grand City Properties SA		40,085		394,199		(83.9	)
Hypoport SE		750		161,032		(34.3	)
Krones AG		1,710		214,664		(45.7	)
METRO AG		7,278		49,730		(10.6	)
SAF-Holland SE		27,977		457,761		(97.5	)
Salzgitter AG		10,867		306,900		(65.3	)
Suedzucker AG		28,464		407,098		(86.7	)
TUI AG		276,923		1,931,368		(411.2	)
Uniper SE		190		12,236		(2.6	)
United Internet AG, Class N		78,007		2,074,228		(441.6	)
				11,041,938
Hong Kong
Fortune Real Estate Investment Trust		36,000		20,600		(4.4	)
Ireland
Cimpress PLC		5,621		422,812		(90.0	)
Glanbia PLC		107,772		1,950,258		(415.2	)
Greencore Group PLC		294,127		383,202		(81.6	)
				2,756,272
Israel
Alony Hetz Properties & Investments Ltd.		20,059		147,487		(31.4	)
Delek Group Ltd.		4,515		543,029		(115.6	)
Kornit Digital Ltd.		17,811		304,746		(64.9	)
				995,262
Italy
Banca IFIS SpA		8,187		143,554		(30.6	)
Banca Mediolanum SpA		31,556		327,086		(69.6	)

13  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Italy (continued)
Banca Popolare di Sondrio SpA		220,640	$	1,695,218		(360.9	)%
Brunello Cucinelli SpA		9,914		993,627		(211.6	)
Buzzi SpA		22,752		782,999		(166.7	)
Credito Emiliano SpA		19,975		183,965		(39.2	)
De’ Longhi SpA		11,021		361,745		(77.0	)
Hera SpA		126,218		450,145		(95.8	)
Iren SpA		94,108		200,209		(42.6	)
Maire Tecnimont SpA		48,897		257,595		(54.9	)
Piaggio & C SpA		46,348		156,135		(33.3	)
PRADA SpA		94,900		588,175		(125.2	)
Sesa SpA		2,182		299,747		(63.8	)
Unipol Gruppo SpA		78,346		492,262		(104.8	)
Webuild SpA		340,613		725,706		(154.5	)
				7,658,168
Japan
77 Bank Ltd.		18,500		449,159		(95.6	)
Acom Co. Ltd.		70,000		180,944		(38.5	)
Adastria Co. Ltd.		10,800		254,084		(54.1	)
Aeon Delight Co. Ltd.		19,700		509,218		(108.4	)
Aisan Industry Co. Ltd.		32,500		306,001		(65.2	)
Alfresa Holdings Corp.		66,800		1,104,127		(235.1	)
Amano Corp.		6,000		139,615		(29.7	)
Anicom Holdings, Inc.		55,400		221,992		(47.3	)
Avex, Inc.		18,800		182,070		(38.8	)
AZ-COM MARUWA Holdings, Inc.		45,000		467,964		(99.6	)
Bic Camera, Inc.		170,400		1,602,042		(341.1	)
BML, Inc.		13,800		269,314		(57.3	)
Bunka Shutter Co. Ltd.		35,700		359,049		(76.4	)
Cellebrite Di Ltd.		37,648		340,338		(72.5	)
Coca-Cola Bottlers Japan Holdings, Inc.		37,900		515,666		(109.8	)
Comture Corp.		7,700		96,161		(20.5	)
Create Restaurants Holdings, Inc.		110,000		833,767		(177.5	)
Create SD Holdings Co. Ltd.		29,500		647,976		(138.0	)
Daicel Corp.		110,200		1,088,605		(231.8	)
Daiichikosho Co. Ltd.		25,300		350,043		(74.5	)
Daio Paper Corp.		30,400		231,221		(49.2	)
Daiseki Co. Ltd.		11,500		332,088		(70.7	)
Dentsu Soken, Inc.		5,300		199,932		(42.6	)
dip Corp.		8,700		150,007		(31.9	)
Doutor Nichires Holdings Co. Ltd.		24,000		357,835		(76.2	)
Dowa Holdings Co. Ltd.		6,600		232,436		(49.5	)
DTS Corp.		3,200		79,494		(16.9	)
eGuarantee, Inc.		41,500		546,335		(116.3	)
Eiken Chemical Co. Ltd.		10,400		130,848		(27.9	)
Eizo Corp.		22,200		773,909		(164.8	)
Elecom Co. Ltd.		40,000		469,776		(100.0	)
Elematec Corp.		13,500		165,071		(35.1	)
FCC Co. Ltd.		17,800		234,035		(49.8	)
Financial Partners Group Co. Ltd.		140,000		1,621,154		(345.2	)
FP Corp.		21,600		422,702		(90.0	)
Fukuoka REIT Corp.		323		385,633		(82.1	)
FULLCAST Holdings Co. Ltd.		25,400		309,662		(65.9	)
Funai Soken Holdings, Inc.		17,400		306,011		(65.2	)
Furukawa Electric Co. Ltd.		54,900		1,007,057		(214.4	)
Futaba Industrial Co. Ltd.		20,400		124,041		(26.4	)
Fuyo General Lease Co. Ltd.		11,500		1,037,936		(221.0	)
Glory Ltd.		73,700		1,536,845		(327.2	)
Hanwa Co. Ltd.		10,100		372,904		(79.4	)
Hazama Ando Corp.		30,200		246,229		(52.4	)
Heiwa Real Estate Co. Ltd.		14,500		387,039		(82.4	)

Security	Shares		Value		% of Basket Value
Japan (continued)
Heiwado Co. Ltd.		36,100	$	544,273		(115.9	)%
Hiday Hidaka Corp.		36,500		742,683		(158.1	)
Hokuriku Electric Power Co.		59,100		291,837		(62.1	)
Inaba Denki Sangyo Co. Ltd.		31,500		759,913		(161.8	)
Infomart Corp.		45,000		122,087		(26.0	)
Ishihara Sangyo Kaisha Ltd.		33,200		357,982		(76.2	)
Itoham Yonekyu Holdings, Inc.		13,240		374,478		(79.7	)
JAC Recruitment Co. Ltd.		108,100		498,469		(106.1	)
Japan Elevator Service Holdings Co. Ltd.		23,800		363,199		(77.3	)
JCU Corp.		5,400		137,605		(29.3	)
JINS Holdings, Inc.		600		17,088		(3.6	)
JTEKT Corp.		242,000		2,234,387		(475.7	)
Kaken Pharmaceutical Co. Ltd.		28,700		684,296		(145.7	)
Kandenko Co. Ltd.		30,600		317,490		(67.6	)
Kaneka Corp.		5,400		132,581		(28.2	)
Kanematsu Corp.		28,500		445,969		(95.0	)
Kato Sangyo Co. Ltd.		8,800		289,658		(61.7	)
Kewpie Corp.		25,600		459,744		(97.9	)
Kissei Pharmaceutical Co. Ltd.		18,500		398,952		(84.9	)
Kitz Corp.		33,500		276,561		(58.9	)
Kokuyo Co. Ltd.		28,100		455,571		(97.0	)
Kyoritsu Maintenance Co. Ltd.		93,800		3,873,066		(824.6	)
Link And Motivation, Inc.		48,500		183,674		(39.1	)
Lion Corp.		442,800		3,959,790		(843.1	)
Mandom Corp.		61,100		536,718		(114.3	)
Mani, Inc.		31,800		446,505		(95.1	)
Maxell Ltd.		45,400		504,020		(107.3	)
Megmilk Snow Brand Co. Ltd.		21,600		341,835		(72.8	)
Meidensha Corp.		35,200		636,799		(135.6	)
MEITEC Group Holdings, Inc.		21,300		425,046		(90.5	)
Menicon Co. Ltd.		20,200		296,454		(63.1	)
METAWATER Co. Ltd.		24,400		358,991		(76.4	)
Micronics Japan Co. Ltd.		6,500		194,601		(41.4	)
MIRAIT ONE Corp.		18,500		246,759		(52.5	)
Mitsubishi Materials Corp.		131,100		2,417,349		(514.7	)
Mitsubishi Shokuhin Co. Ltd.		19,600		671,618		(143.0	)
Modec, Inc.		48,800		768,864		(163.7	)
Monogatari Corp.		11,200		398,481		(84.8	)
Morinaga & Co. Ltd.		44,000		847,481		(180.4	)
Nakanishi, Inc.		9,500		157,035		(33.4	)
Nichicon Corp.		36,900		325,584		(69.3	)
Nippon Gas Co. Ltd.		9,800		153,351		(32.7	)
Nippon Light Metal Holdings Co. Ltd.		56,700		705,135		(150.1	)
Nippon Road Co. Ltd.		10,000		145,533		(31.0	)
Nissha Co. Ltd.		96,900		1,084,087		(230.8	)
Nisshin Oillio Group Ltd.		16,400		505,181		(107.6	)
Nisshinbo Holdings, Inc.		165,100		1,375,533		(292.9	)
Nittetsu Mining Co. Ltd.		12,300		442,752		(94.3	)
NOK Corp.		13,400		179,207		(38.2	)
Nomura Co. Ltd.		66,500		396,788		(84.5	)
Noritz Corp.		16,000		170,144		(36.2	)
North Pacific Bank Ltd.		153,600		393,637		(83.8	)
NSD Co. Ltd.		16,600		314,540		(67.0	)
NTN Corp.		749,900		1,383,712		(294.6	)
Okamura Corp.		21,400		323,758		(68.9	)
Oki Electric Industry Co. Ltd.		176,300		1,248,756		(265.9	)
Okinawa Cellular Telephone Co.		9,200		226,355		(48.2	)
Onward Holdings Co. Ltd.		98,500		365,071		(77.7	)
Optex Group Co. Ltd.		14,400		180,455		(38.4	)
PALTAC Corp.		37,400		1,147,602		(244.3	)
Prima Meat Packers Ltd.		24,800		409,493		(87.2	)

S C H E D U L E  O F   I N V E S T M E N T S 14

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Japan (continued)
Raito Kogyo Co. Ltd.		39,700	$	560,663		(119.4	)%
Relo Group, Inc.		82,100		832,476		(177.2	)
Saizeriya Co. Ltd.		88,400		3,062,119		(652.0	)
San-Ai Obbli Co. Ltd.		1,700		19,357		(4.1	)
Sanki Engineering Co. Ltd.		26,300		340,563		(72.5	)
Sanyo Chemical Industries Ltd.		4,800		141,646		(30.2	)
Sato Holdings Corp.		8,200		121,727		(25.9	)
Seino Holdings Co. Ltd.		28,200		414,693		(88.3	)
Shibaura Machine Co. Ltd.		29,600		724,623		(154.3	)
Shizuoka Gas Co. Ltd.		11,900		82,100		(17.5	)
SMS Co. Ltd.		24,400		444,967		(94.7	)
Sodick Co. Ltd.		44,200		214,849		(45.7	)
Sohgo Security Services Co. Ltd.		70,100		386,452		(82.3	)
Starts Corp., Inc.		30,000		621,252		(132.3	)
Sumitomo Mitsui Construction Co. Ltd.		229,600		650,040		(138.4	)
Sun Frontier Fudousan Co. Ltd.		38,200		461,198		(98.2	)
Suzuken Co. Ltd.		24,700		772,016		(164.4	)
Systena Corp.		363,800		742,576		(158.1	)
Tadano Ltd.		64,400		529,235		(112.7	)
Taikisha Ltd.		4,500		135,415		(28.8	)
Takuma Co. Ltd.		27,200		323,224		(68.8	)
Tamron Co. Ltd.		32,900		1,258,710		(268.0	)
TechMatrix Corp.		6,400		69,097		(14.7	)
Teijin Ltd.		60,100		557,855		(118.8	)
Toa Corp.		13,900		370,915		(79.0	)
Tokai Rika Co. Ltd.		59,400		948,079		(201.9	)
Tokuyama Corp.		33,300		539,086		(114.8	)
Tokyu Construction Co. Ltd.		91,300		513,117		(109.3	)
Topcon Corp.		61,000		707,400		(150.6	)
Tosei Corp.		33,700		491,505		(104.6	)
Toshiba TEC Corp.		30,400		636,136		(135.4	)
Towa Pharmaceutical Co. Ltd.		48,400		853,728		(181.8	)
Toyo Ink SC Holdings Co. Ltd.		55,000		1,038,332		(221.1	)
Toyo Seikan Group Holdings Ltd.		19,900		319,186		(68.0	)
Toyoda Gosei Co. Ltd.		47,100		917,873		(195.4	)
TS Tech Co. Ltd.		46,300		591,421		(125.9	)
TSI Holdings Co. Ltd.		37,800		177,474		(37.8	)
Tsubakimoto Chain Co.		15,800		461,109		(98.2	)
Tv Tokyo Holdings Corp.		5,300		112,318		(23.9	)
United Arrows Ltd.		28,700		379,940		(80.9	)
United Urban Investment Corp.		258		263,746		(56.2	)
Usen-Next Holdings Co. Ltd.		3,200		93,823		(20.0	)
UT Group Co. Ltd.		13,200		212,042		(45.1	)
Wacom Co. Ltd.		123,600		573,528		(122.1	)
YAMABIKO Corp.		21,100		238,518		(50.8	)
Yamazen Corp.		45,800		394,713		(84.0	)
Yaoko Co. Ltd.		9,100		530,108		(112.9	)
Yokogawa Bridge Holdings Corp.		10,200		199,190		(42.4	)
Yoshinoya Holdings Co. Ltd.		7,500		168,844		(36.0	)
Yuasa Trading Co. Ltd.		9,600		322,884		(68.7	)
				85,746,786
Netherlands
Eurocommercial Properties NV		14,051		319,180		(67.9	)
Koninklijke BAM Groep NV		246,091		686,498		(146.2	)
Koninklijke Vopak NV		3,910		122,388		(26.0	)
PostNL NV		694,592		1,024,686		(218.2	)
TomTom NV		41,426		284,143		(60.5	)
				2,436,895

Security	Shares		Value		% of Basket Value
Norway
Aker Solutions ASA		243,381	$	917,333		(195.3	)%
DNO ASA		207,000		184,297		(39.3	)
Elkem ASA		274,847		578,825		(123.2	)
Wallenius Wilhelmsen ASA		28,383		279,767		(59.6	)
				1,960,222
Portugal
CTT-Correios de Portugal SA		139,771		561,897		(119.6	)
NOS SGPS SA		70,592		253,573		(54.0	)
Sonae SGPS SA		194,834		190,885		(40.7	)
				1,006,355
Singapore
BW LPG Ltd.		60,356		757,219		(161.2	)
IGG, Inc.		437,000		155,423		(33.1	)
Kulicke & Soffa Industries, Inc.		31,175		1,568,726		(334.0	)
				2,481,368
South Africa
Scatec ASA		25,440		191,847		(40.9	)
South Korea
Magnachip Semiconductor Corp.		34,264		223,744		(47.6	)
Spain
Almirall SA		21,153		203,287		(43.3	)
Atlantica Sustainable Infrastructure PLC		49,237		944,366		(201.1	)
Indra Sistemas SA		128,858		2,316,280		(493.1	)
Inmobiliaria Colonial Socimi SA		101,812		620,746		(132.2	)
Merlin Properties Socimi SA		71,066		733,462		(156.2	)
Obrascon Huarte Lain SA		709,919		315,246		(67.1	)
				5,133,387
Sweden
Attendo AB		47		185		(0.0	)
Corem Property Group AB, Class B		111,831		113,522		(24.2	)
MIPS AB		4,778		159,901		(34.1	)
Modern Times Group MTG AB, Class B		13,488		104,067		(22.2	)
Mycronic AB		13,175		369,351		(78.6	)
Nyfosa AB		25,663		231,252		(49.2	)
Sectra AB, Class B		12,391		232,517		(49.5	)
				1,210,795
Switzerland
DKSH Holding AG		16,334		1,151,252		(245.1	)
Inficon Holding AG, Class N		172		263,096		(56.0	)
IWG PLC		83,901		199,644		(42.5	)
Ypsomed Holding AG, Registered Shares		591		210,271		(44.8	)
				1,824,263
United Kingdom
Balfour Beatty PLC		88,146		372,525		(79.3	)
boohoo Group PLC		3,949,850		1,828,756		(389.4	)
Capricorn Energy PLC		97,922		180,827		(38.5	)
Chemring Group PLC		139,424		623,575		(132.8	)
Close Brothers Group PLC		60,711		418,652		(89.1	)
CVS Group PLC		5,371		115,381		(24.6	)
Deliveroo PLC, Class A		678,871		1,015,675		(216.2	)
Firstgroup PLC		245,603		519,434		(110.6	)
Gamma Communications PLC		21,024		319,407		(68.0	)
Grafton Group PLC, CDI		6,328		78,260		(16.7	)
Great Portland Estates PLC		24,038		127,019		(27.0	)
Halfords Group PLC		35,406		80,421		(17.1	)
Hunting PLC		170,466		712,406		(151.7	)

15  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United Kingdom (continued)
Impax Asset Management Group PLC		7,682	$	53,031		(11.3	)%
Investec PLC		85,840		561,406		(119.5	)
J D Wetherspoon PLC		52,850		564,248		(120.1	)
John Wood Group PLC		333,527		664,266		(141.4	)
Jupiter Fund Management PLC		387,294		389,662		(83.0	)
Just Group PLC		619,342		670,248		(142.7	)
Keller Group PLC		10,754		119,610		(25.5	)
Kier Group PLC		53,187		86,475		(18.4	)
Mitchells & Butlers PLC		97,396		322,514		(68.7	)
Mitie Group PLC		474,672		624,610		(133.0	)
Moneysupermarket.com Group PLC		76,171		246,892		(52.6	)
Morgan Sindall Group PLC		23,524		678,075		(144.4	)
NCC Group PLC		65,514		101,075		(21.5	)
Nomad Foods Ltd.		15,552		279,780		(59.6	)
OSB Group PLC		223,971		1,279,581		(272.4	)
Paragon Banking Group PLC		120,225		1,075,415		(229.0	)
Playtech Plc		118,819		671,978		(143.1	)
Redde Northgate PLC		112,426		507,969		(108.1	)
S4 Capital PLC		48,559		27,192		(5.8	)
Serco Group PLC		200,419		439,098		(93.5	)
SThree PLC		46,995		244,181		(52.0	)
TP ICAP Group PLC		215,069		511,757		(108.9	)
Vesuvius PLC		123,979		749,783		(159.6	)
				17,261,184
United States
1-800-Flowers.com, Inc., Class A		42,170		438,568		(93.4	)
Accel Entertainment, Inc., Class A		38,804		397,741		(84.7	)
Acushnet Holdings Corp.		2,097		132,824		(28.3	)
Addus HomeCare Corp.		5,959		516,049		(109.9	)
Advanced Energy Industries, Inc.		6,945		723,530		(154.0	)
Agilysys, Inc.		3,437		287,711		(61.3	)
Albany International Corp., Class A		10,161		903,415		(192.3	)
Allient, Inc.		8,598		239,540		(51.0	)
Alpha & Omega Semiconductor Ltd.		13,807		354,288		(75.4	)
Amalgamated Financial Corp.		12,159		322,943		(68.8	)
Ambarella, Inc.		6,813		358,091		(76.2	)
American Assets Trust, Inc.		36,963		829,080		(176.5	)
American Software, Inc., Class A		11,338		128,460		(27.3	)
American Vanguard Corp.		24,113		263,314		(56.1	)
American Woodmark Corp.		4,023		367,219		(78.2	)
Andersons, Inc.		1,790		94,351		(20.1	)
Anywhere Real Estate, Inc.		82,137		584,815		(124.5	)
Apogee Enterprises, Inc.		53,431		2,821,691		(600.8	)
Archrock, Inc.		42,543		695,153		(148.0	)
Argan, Inc.		2,071		91,807		(19.5	)
AssetMark Financial Holdings, Inc.		6,646		203,833		(43.4	)
Astec Industries, Inc.		2,900		103,240		(22.0	)
Atea Pharmaceuticals, Inc.		22,228		92,468		(19.7	)
AtriCure, Inc.		9,505		323,740		(68.9	)
Badger Meter, Inc.		827		119,080		(25.4	)
Bandwidth, Inc., Class A		16,227		224,582		(47.8	)
Beazer Homes USA, Inc.		33,472		1,062,736		(226.3	)
Benchmark Electronics, Inc.		24,178		655,707		(139.6	)
Berry Corp.		91,427		613,475		(130.6	)
BigCommerce Holdings, Inc., Series-1		17,066		139,600		(29.7	)
BlueLinx Holdings, Inc.		4,893		564,359		(120.2	)
Brady Corp., Class A		16,802		1,011,984		(215.5	)
Brandywine Realty Trust		35,310		167,369		(35.6	)
Brightsphere Investment Group, Inc.		12,672		280,305		(59.7	)
Bristow Group, Inc.		17,872		471,463		(100.4	)

Security	Shares		Value		% of Basket Value
United States (continued)
Brookdale Senior Living, Inc.		6,794	$	37,163		(7.9	)%
Cantaloupe, Inc.		13,114		89,306		(19.0	)
Cars.com, Inc.		15,626		272,361		(58.0	)
Castle Biosciences, Inc.		4,086		94,305		(20.1	)
Central Garden & Pet Co., Class A		17,136		707,374		(150.6	)
Century Communities, Inc.		8,650		749,955		(159.7	)
Cerence, Inc.		10,553		211,271		(45.0	)
CEVA, Inc.		11,868		227,866		(48.5	)
Chegg, Inc.		261,317		2,573,972		(548.0	)
Clean Energy Fuels Corp.		52,755		155,627		(33.1	)
Comstock Resources, Inc.		52,143		407,237		(86.7	)
ConnectOne Bancorp, Inc.		28,987		662,063		(141.0	)
Corcept Therapeutics, Inc.		36,060		760,866		(162.0	)
Core & Main, Inc., Class A		4		165		(0.0	)
Coursera, Inc.		16,657		318,815		(67.9	)
CRA International, Inc.		4,533		486,119		(103.5	)
Cracker Barrel Old Country Store, Inc.		7,999		618,723		(131.7	)
CrossFirst Bankshares, Inc.		8,048		113,638		(24.2	)
CS Disco, Inc.		4,951		40,499		(8.6	)
CSG Systems International, Inc.		57,293		2,882,411		(613.7	)
Customers Bancorp, Inc.		2,993		159,946		(34.1	)
Dana, Inc.		49,669		673,512		(143.4	)
Delek U.S. Holdings, Inc.		53,878		1,456,322		(310.1	)
Deluxe Corp.		9,156		173,140		(36.9	)
Digi International, Inc.		13,556		329,546		(70.2	)
Digital Turbine, Inc.		11,553		62,271		(13.3	)
Dime Community Bancshares, Inc.		19,120		436,127		(92.9	)
Diversified Energy Co.PLC		3,354		38,867		(8.3	)
Donnelley Financial Solutions, Inc.		2,352		146,106		(31.1	)
DXP Enterprises, Inc.		5,431		174,987		(37.3	)
Eagle Bancorp, Inc.		6,183		153,277		(32.6	)
El Pollo Loco Holdings, Inc.		21,545		199,507		(42.5	)
Enova International, Inc.		31,726		1,726,846		(367.7	)
Enovis Corp.		17,839		1,047,149		(222.9	)
Enviri Corp.		18,400		158,424		(33.7	)
Esab Corp.		6,332		544,489		(115.9	)
Ethan Allen Interiors, Inc.		30,991		902,768		(192.2	)
Eventbrite, Inc., Class A		28,329		237,114		(50.5	)
Everbridge, Inc.		17,842		398,947		(84.9	)
Everi Holdings, Inc.		73,594		766,114		(163.1	)
eXp World Holdings, Inc.		48,039		594,723		(126.6	)
Extreme Networks, Inc.		22,835		308,501		(65.7	)
EZCORP, Inc., Class A		55,576		477,954		(101.8	)
Federated Hermes, Inc., Class B		22,950		802,332		(170.8	)
Financial Institutions, Inc.		2		42		(0.0	)
First Interstate BancSystem, Inc., Class A		31,557		868,449		(184.9	)
Fiverr International Ltd.		20,340		547,553		(116.6	)
Flushing Financial Corp.		21,523		345,014		(73.5	)
Forestar Group, Inc.		15,180		474,527		(101.0	)
Forward Air Corp.		4,124		182,817		(38.9	)
Franklin Covey Co.		27,451		1,110,118		(236.4	)
Fulgent Genetics, Inc.		12,193		299,826		(63.8	)
Genesco, Inc.		10,940		303,913		(64.7	)
Gibraltar Industries, Inc.		1,728		139,830		(29.8	)
G-III Apparel Group Ltd.		38,904		1,170,621		(249.2	)
Global Industrial Co.		17,404		740,192		(157.6	)
GMS, Inc.		13,245		1,114,699		(237.3	)
GoPro, Inc., Class A		177,437		528,762		(112.6	)
Gray Television, Inc.		29,921		285,746		(60.8	)
Greif, Inc., Class A		7,659		479,530		(102.1	)
Griffon Corp.		6,732		392,206		(83.5	)

S C H E D U L E  O F   I N V E S T M E N T S 16

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United States (continued)
Grocery Outlet Holding Corp.		25,106	$	622,127		(132.5	)%
Group 1 Automotive, Inc.		5,804		1,509,388		(321.4	)
Guess?, Inc.		49,465		1,105,048		(235.3	)
H&E Equipment Services, Inc.		4,327		232,749		(49.6	)
Hackett Group, Inc.		15,362		355,169		(75.6	)
Haverty Furniture Cos., Inc.		6,260		212,214		(45.2	)
HCI Group, Inc.		6,610		592,719		(126.2	)
Health Catalyst, Inc.		30,984		302,714		(64.4	)
Healthcare Services Group, Inc.		21,328		201,336		(42.9	)
HealthStream, Inc.		11,518		306,609		(65.3	)
Heartland Financial USA, Inc.		15,167		537,974		(114.5	)
Heidrick & Struggles International, Inc.		23,916		716,763		(152.6	)
Helix Energy Solutions Group, Inc.		52,128		490,003		(104.3	)
Hims & Hers Health, Inc., Class A		27,299		234,225		(49.9	)
Horizon Bancorp, Inc.		39,118		512,837		(109.2	)
Hudson Pacific Properties, Inc.		31,658		259,279		(55.2	)
Huron Consulting Group, Inc.		3,612		373,950		(79.6	)
Hyster-Yale Materials Handling, Inc., Class A		3,542		232,780		(49.6	)
I3 Verticals, Inc., Class A		5,417		101,515		(21.6	)
IES Holdings, Inc.		1,327		108,761		(23.2	)
Independent Bank Corp.		17,605		447,871		(95.4	)
Independent Bank Group, Inc.		8,788		424,900		(90.5	)
Infinera Corp.		75,855		374,724		(79.8	)
Innoviva, Inc.		22,588		365,926		(77.9	)
Insperity, Inc.		7,763		890,338		(189.6	)
Intapp, Inc.		10,970		472,588		(100.6	)
Integral Ad Science Holding Corp.		24,772		360,433		(76.7	)
iRadimed Corp.		340		14,079		(3.0	)
Itron, Inc.		13,176		950,517		(202.4	)
Janus International Group, Inc.		67,548		955,804		(203.5	)
JELD-WEN Holding, Inc.		26,747		497,494		(105.9	)
JetBlue Airways Corp.		110,127		584,774		(124.5	)
Johnson Outdoors, Inc., Class A		1,995		89,296		(19.0	)
Kelly Services, Inc., Class A		15,539		319,326		(68.0	)
Kimball Electronics, Inc.		18,180		432,320		(92.0	)
Kodiak Gas Services, Inc.		3,522		82,485		(17.6	)
Kohl’s Corp.		24,453		629,909		(134.1	)
Korn Ferry		8,643		507,085		(108.0	)
Laureate Education, Inc., Class A		18,351		231,590		(49.3	)
LeMaitre Vascular, Inc.		2,287		132,737		(28.3	)
LendingClub Corp.		23,297		210,139		(44.7	)
Light & Wonder, Inc., CDI		2		165		(0.0	)
Liquidity Services, Inc.		5,444		94,998		(20.2	)
LivaNova PLC		8,525		414,997		(88.4	)
LiveRamp Holdings, Inc.		18,416		727,064		(154.8	)
Lovesac Co.		31,148		721,388		(153.6	)
M/I Homes, Inc.		2,593		330,400		(70.3	)
Magnite, Inc.		32,389		286,643		(61.0	)
Manitowoc Co., Inc.		44,304		713,294		(151.9	)
MaxLinear, Inc.		93,428		1,945,171		(414.1	)
Mercury General Corp.		8,659		346,793		(73.8	)
Methode Electronics, Inc.		23,334		484,414		(103.1	)
MGP Ingredients, Inc.		4,476		380,236		(81.0	)
Midland States Bancorp, Inc.		21,301		559,364		(119.1	)
MillerKnoll, Inc.		20,547		546,345		(116.3	)
Minerals Technologies, Inc.		4,385		286,560		(61.0	)
Model N, Inc.		20,704		557,973		(118.8	)
Monro, Inc.		2,733		87,073		(18.5	)
N-able, Inc.		25,588		332,132		(70.7	)
Nabors Industries Ltd.		576		48,718		(10.4	)
National Vision Holdings, Inc.		16,037		304,863		(64.9	)
NCR Voyix Corp.		244,027		3,587,197		(763.7	)

Security	Shares		Value		% of Basket Value
United States (continued)
NETGEAR, Inc.		56,875	$	807,625		(171.9	)%
NetScout Systems, Inc.		29,062		625,124		(133.1	)
Nevro Corp.		10,542		174,576		(37.2	)
NexPoint Residential Trust, Inc.		10,362		316,559		(67.4	)
NMI Holdings, Inc., Class A		14,565		464,915		(99.0	)
Novocure Ltd.		62,870		875,150		(186.3	)
NOW, Inc.		20,975		211,638		(45.1	)
OceanFirst Financial Corp.		3,527		60,770		(12.9	)
Omega Flex, Inc.		414		28,881		(6.1	)
OmniAb, Inc., 12.50 Earnout Shares		518		—		0.0
OmniAb, Inc., 15.00 Earnout Shares		518		—		0.0
ON24, Inc.		29,463		225,392		(48.0	)
OSI Systems, Inc.		1,445		185,003		(39.4	)
Outfront Media, Inc.		24,706		321,672		(68.5	)
Owens & Minor, Inc.		21,474		423,253		(90.1	)
Pacific Biosciences of California, Inc.		6,888		44,841		(9.5	)
Palomar Holdings, Inc.		11,453		685,691		(146.0	)
Pegasystems, Inc.		11,637		567,187		(120.8	)
Pennant Group, Inc.		1,731		25,982		(5.5	)
Perella Weinberg Partners, Class A		13,832		162,526		(34.6	)
PetIQ, Inc., Class A		8,881		159,592		(34.0	)
Playtika Holding Corp.		8,572		61,890		(13.2	)
PRA Group, Inc.		15,771		359,106		(76.5	)
Premier Financial Corp.		35,006		731,275		(155.7	)
Primoris Services Corp.		23,188		760,566		(161.9	)
Progress Software Corp.		16,340		928,275		(197.6	)
Proto Labs, Inc.		16,069		579,930		(123.5	)
Q2 Holdings, Inc.		16,198		689,225		(146.7	)
Quaker Chemical Corp.		680		129,159		(27.5	)
RE/MAX Holdings, Inc., Class A		17,474		187,496		(39.9	)
Redfin Corp.		83,190		678,830		(144.5	)
REV Group, Inc.		29,103		568,091		(121.0	)
REX American Resources Corp.		18,519		766,501		(163.2	)
RHI Magnesita NV		9,041		386,950		(82.4	)
Riskified Ltd., Class A		29,860		137,057		(29.2	)
RLJ Lodging Trust		50,396		583,586		(124.2	)
Ryerson Holding Corp.		1,891		64,899		(13.8	)
Sandy Spring Bancorp, Inc.		12,282		299,435		(63.8	)
Schnitzer Steel Industries, Inc., Class A		26,952		709,646		(151.1	)
Scholastic Corp.		3,258		125,238		(26.7	)
SEMrush Holdings, Inc., Class A		7,467		86,169		(18.3	)
Semtech Corp.		28,441		564,269		(120.1	)
SI-BONE, Inc.		2,155		43,553		(9.3	)
Silk Road Medical, Inc.		14,742		223,046		(47.5	)
Sims Ltd.		69,069		656,421		(139.8	)
Simulations Plus, Inc.		2,861		108,432		(23.1	)
SolarWinds Corp.		19,456		229,970		(49.0	)
Sonic Automotive, Inc., Class A		12,692		641,708		(136.6	)
Sonos, Inc.		15,788		245,977		(52.4	)
Southside Bancshares, Inc.		8,916		279,071		(59.4	)
SpartanNash Co.		20,807		466,701		(99.4	)
Standard Motor Products, Inc.		13,507		545,007		(116.0	)
Strategic Education, Inc.		2,010		189,061		(40.3	)
Summit Hotel Properties, Inc.		9,820		63,634		(13.5	)
Supernus Pharmaceuticals, Inc.		21,376		591,688		(126.0	)
Tandem Diabetes Care, Inc.		3,592		81,898		(17.4	)
Tennant Co.		7,117		672,699		(143.2	)
Titan Machinery, Inc.		19,401		518,589		(110.4	)
TTEC Holdings, Inc.		11,397		232,271		(49.5	)
TTM Technologies, Inc.		63,385		881,685		(187.7	)
Turning Point Brands, Inc.		60,293		1,464,517		(311.8	)
Tutor Perini Corp.		22,611		202,595		(43.1	)

17  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Univest Financial Corp.		11,738		$	249,315			(53.1	)%
Upbound Group, Inc.		15,183			504,076			(107.3	)
Upwork, Inc.		57,014			781,662			(166.4	)
Varex Imaging Corp.		72,329			1,393,780			(296.7	)
Verint Systems, Inc.		65,890			1,956,274			(416.5	)
Viad Corp.		910			30,085			(6.4	)
Vicor Corp.		4,321			162,772			(34.7	)
Vimeo, Inc.		3,557			14,121			(3.0	)
Vishay Precision Group, Inc.		3,451			110,018			(23.4	)
Vital Farms, Inc.		52,977			761,809			(162.2	)
Vizio Holding Corp., Class A		2,137			14,959			(3.2	)
Wabash National Corp.		5,514			139,504			(29.7	)
World Kinect Corp.		59,053			1,332,826			(283.8	)
Yext, Inc.		9,119			54,076			(11.5	)
Zeta Global Holdings Corp., Class A		16,741			162,053			(34.5	)
ZipRecruiter, Inc., Class A		34,235			476,551			(101.5	)
Zumiez, Inc.		25,826			443,432			(94.4	)
Zuora, Inc., Class A		114,093			1,042,810			(222.0	)
					113,417,980
Preferred Stocks
Germany
Schaeffler AG		67,642			433,003			(92.2	)
Total Reference Entity — Long					297,118,811
Reference Entity — Short
Common Stocks
Australia
ARB Corp. Ltd.		(29,554	)		(655,716	)		139.6
Bellevue Gold Ltd.		(550,596	)		(484,589	)		103.2
Boss Energy Ltd.		(10,649	)		(39,121	)		8.3
Brickworks Ltd.		(3,081	)		(59,660	)		12.7
Champion Iron Ltd.		(166,557	)		(927,538	)		197.5
Core Lithium Ltd.		(465,273	)		(59,403	)		12.7
Corporate Travel Management Ltd.		(17,912	)		(240,499	)		51.2
De Grey Mining Ltd.		(180,490	)		(145,802	)		31.0
Domain Holdings Australia Ltd.		(58,360	)		(128,591	)		27.4
EVT Ltd.		(45,863	)		(379,719	)		80.8
Genesis Minerals Ltd.		(58,040	)		(62,469	)		13.3
Gold Road Resources Ltd.		(92,316	)		(92,771	)		19.8
GUD Holdings Ltd.		(65,627	)		(528,600	)		112.5
HMC Capital Ltd.		(50,607	)		(203,575	)		43.3
Kelsian Group Ltd.		(52,720	)		(248,792	)		53.0
Liontown Resources Ltd.		(628,465	)		(420,211	)		89.5
Lovisa Holdings Ltd.		(37	)		(551	)		0.1
Neuren Pharmaceuticals Ltd.		(2,405	)		(37,408	)		8.0
Nine Entertainment Co. Holdings Ltd.		(951,346	)		(1,239,410	)		263.9
PEXA Group Ltd.		(72,497	)		(549,642	)		117.0
Sayona Mining Ltd.		(15,749,598	)		(412,598	)		87.9
Stanmore Resources Ltd.		(328,321	)		(850,258	)		181.0
					(7,766,923	)
Austria
CA Immobilien Anlagen AG		(11,792	)		(392,288	)		83.5
Belgium
Azelis Group NV		(39,528	)		(825,806	)		175.8
Bekaert SA		(7,614	)		(374,969	)		79.8
Xior Student Housing NV		(8,389	)		(254,763	)		54.3
					(1,455,538	)

Security	Shares			Value			% of Basket Value
Canada
Altius Minerals Corp.		(6,490	)	$	(85,382	)		18.2	%
Andlauer Healthcare Group, Inc.		(16,740	)		(486,583	)		103.6
Badger Infrastructure Solutions Ltd.		(9,450	)		(327,191	)		69.7
Canadian Western Bank		(118,263	)		(2,594,463	)		552.4
Choice Properties Real Estate Investment Trust		(1,892	)		(19,680	)		4.2
Cogeco Communications, Inc.		(6,420	)		(295,140	)		62.8
Definity Financial Corp.		(92,530	)		(2,682,530	)		571.1
Dream Industrial Real Estate Investment Trust		(46,914	)		(466,410	)		99.3
Filo Corp.		(24,845	)		(380,433	)		81.0
Headwater Exploration, Inc.		(58,674	)		(274,341	)		58.4
Lumine Group, Inc.		(44,426	)		(1,032,209	)		219.8
Maple Leaf Foods, Inc.		(38,466	)		(730,730	)		155.6
Martinrea International, Inc.		(70,353	)		(719,955	)		153.3
Minto Apartment REIT		(584	)		(7,144	)		1.5
North West Co., Inc.		(32,039	)		(923,176	)		196.5
Pet Valu Holdings Ltd.		(60,030	)		(1,387,845	)		295.5
Savaria Corp.		(33,632	)		(402,561	)		85.7
Spartan Delta Corp.		(53,240	)		(122,679	)		26.1
Spin Master Corp.		(8,572	)		(219,664	)		46.8
Stella-Jones, Inc.		(31,475	)		(1,854,811	)		394.9
StorageVault Canada, Inc.		(84,625	)		(336,712	)		71.7
Trican Well Service Ltd.		(79,244	)		(257,233	)		54.8
Trisura Group Ltd.		(2,742	)		(76,239	)		16.2
Winpak Ltd.		(32,647	)		(1,020,225	)		217.2
					(16,703,336	)
China
TI Fluid Systems PLC		(154,018	)		(280,516	)		59.7
Costa Rica
Establishment Labs Holdings, Inc.		(16,832	)		(648,032	)		138.0
Denmark
Alm Brand A/S		(644,175	)		(1,183,664	)		252.0
Chemometec A/S		(16,406	)		(897,117	)		191.0
Matas A/S		(33,942	)		(615,393	)		131.0
Netcompany Group A/S		(10,591	)		(426,834	)		90.9
NTG Nordic Transport Group A/S		(4,579	)		(207,946	)		44.3
Ringkjoebing Landbobank A/S		(13,564	)		(2,211,420	)		470.8
Royal Unibrew A/S		(63,191	)		(4,191,500	)		892.4
Scandinavian Tobacco Group A/S		(51,114	)		(928,290	)		197.7
Topdanmark A/S		(66,660	)		(2,994,380	)		637.5
					(13,656,544	)
Finland
Konecranes Oyj		(9,364	)		(406,330	)		86.5
Metsa Board OYJ, Class B		(10,445	)		(85,243	)		18.1
Tokmanni Group Corp.		(46,726	)		(811,057	)		172.7
					(1,302,630	)
France
Alten SA		(8,018	)		(1,254,899	)		267.2
Neoen SA		(50,809	)		(1,488,819	)		317.0
Societe BIC SA		(23,516	)		(1,649,218	)		351.1
Virbac SA		(553	)		(202,368	)		43.1
					(4,595,304	)
Germany
CTS Eventim AG & Co. KGaA		(9,992	)		(677,520	)		144.2
Dermapharm Holding SE		(16,603	)		(716,050	)		152.5
Eckert & Ziegler Strahlen- und Medizintechnik AG		(8,327	)		(418,705	)		89.1
Energiekontor AG		(4,413	)		(365,556	)		77.8
Fielmann Group AG		(5,759	)		(303,677	)		64.7

S C H E D U L E  O F   I N V E S T M E N T S 18

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Germany (continued)
Hensoldt AG		(66,613	)	$	(2,020,824	)		430.3	%
Mercer International, Inc.		(14,966	)		(126,612	)		27.0
Pfeiffer Vacuum Technology AG		(3,960	)		(673,230	)		143.3
PVA Tepla AG		(2,393	)		(54,788	)		11.7
Schott Pharma AG & Co. KGaA		(46,263	)		(1,822,333	)		388.0
Sixt SE		(4,297	)		(424,608	)		90.4
Stabilus SE		(684	)		(48,053	)		10.2
SUESS MicroTec SE, Class N		(6,488	)		(223,029	)		47.5
					(7,874,985	)
Indonesia
Golden Agri-Resources Ltd.		(3,307,400	)		(669,542	)		142.5
Nickel Industries Ltd.		(1,869,845	)		(970,142	)		206.6
					(1,639,684	)
Ireland
Ardmore Shipping Corp.		(10,812	)		(179,155	)		38.2
C&C Group PLC		(314,057	)		(613,985	)		130.7
Keywords Studios PLC		(18,205	)		(381,496	)		81.2
					(1,174,636	)
Israel
Enlight Renewable Energy Ltd.		(141,937	)		(2,488,310	)		529.8
Israel Corp. Ltd.		(70	)		(15,565	)		3.3
OPC Energy Ltd.		(41,068	)		(285,371	)		60.8
Phoenix Holdings Ltd.		(13,096	)		(129,433	)		27.5
					(2,918,679	)
Italy
BFF Bank SpA		(26,219	)		(287,185	)		61.1
El.En. SpA		(687	)		(6,874	)		1.5
Eurogroup Laminations SpA		(147,352	)		(487,474	)		103.8
Industrie De Nora SpA		(48,733	)		(776,913	)		165.4
Salvatore Ferragamo SpA		(16,870	)		(217,921	)		46.4
Technogym SpA		(17,602	)		(176,586	)		37.6
Technoprobe SpA		(45,368	)		(456,509	)		97.2
					(2,409,462	)
Japan
Advance Logistics Investment Corp.		(453	)		(397,406	)		84.6
Advance Residence Investment Corp.		(471	)		(1,045,321	)		222.6
Aeon Fantasy Co. Ltd.		(4,900	)		(83,808	)		17.8
AEON REIT Investment Corp.		(504	)		(479,536	)		102.1
Aichi Financial Group, Inc.		(29,600	)		(527,354	)		112.3
Aiful Corp.		(100,900	)		(255,518	)		54.4
Amvis Holdings, Inc.		(12,300	)		(228,890	)		48.7
Arclands Corp.		(58,200	)		(672,711	)		143.2
Ariake Japan Co. Ltd.		(13,700	)		(443,473	)		94.4
Asahi Yukizai Corp.		(8,400	)		(235,808	)		50.2
Autobacs Seven Co. Ltd.		(60,500	)		(663,949	)		141.4
Base Co. Ltd.		(2,800	)		(62,554	)		13.3
C Uyemura & Co. Ltd.		(4,300	)		(329,427	)		70.1
Calbee, Inc.		(5,000	)		(106,072	)		22.6
Chikaranomoto Holdings Co. Ltd.		(4,200	)		(41,394	)		8.8
Chiyoda Corp.		(42,400	)		(98,168	)		20.9
Chubu Steel Plate Co. Ltd.		(200	)		(3,390	)		0.7
CUC, Inc.		(1,300	)		(23,608	)		5.0
Daido Steel Co. Ltd.		(10,800	)		(113,593	)		24.2
Daiei Kankyo Co. Ltd.		(26,400	)		(453,554	)		96.6
Daikoku Denki Co. Ltd.		(3,775	)		(95,807	)		20.4
Daikokutenbussan Co. Ltd.		(8,000	)		(456,943	)		97.3
Daiwa Office Investment Corp.		(71	)		(305,781	)		65.1
DCM Holdings Co. Ltd.		(141,900	)		(1,333,504	)		283.9

Security	Shares			Value			% of Basket Value
Japan (continued)
DeNA Co. Ltd.		(57,400	)	$	(585,278	)		124.6	%
Descente Ltd.		(33,100	)		(772,780	)		164.5
Enplas Corp.		(12,600	)		(1,033,896	)		220.1
First Bank of Toyama Ltd.		(11,300	)		(63,993	)		13.6
Fuji Media Holdings, Inc.		(24,200	)		(289,407	)		61.6
Fukuyama Transporting Co. Ltd.		(15,800	)		(441,450	)		94.0
Furuya Metal Co. Ltd.		(10,000	)		(626,682	)		133.4
Fuso Chemical Co. Ltd.		(12,600	)		(358,500	)		76.3
Future Corp.		(7,900	)		(94,703	)		20.2
giftee, Inc.		(82,391	)		(909,334	)		193.6
Globeride, Inc.		(13,200	)		(187,496	)		39.9
GMO Financial Holdings, Inc.		(68,000	)		(350,877	)		74.7
Godo Steel Ltd.		(1,800	)		(63,543	)		13.5
gremz, Inc.		(5,900	)		(85,338	)		18.2
GungHo Online Entertainment, Inc.		(29,100	)		(493,796	)		105.1
Hakuto Co. Ltd.		(18,400	)		(768,915	)		163.7
Hankyu Hanshin REIT, Inc.		(477	)		(476,682	)		101.5
Heiwa Real Estate REIT, Inc.		(428	)		(401,525	)		85.5
Hirata Corp.		(1,100	)		(50,793	)		10.8
Hisamitsu Pharmaceutical Co., Inc.		(15,700	)		(452,026	)		96.2
Hokuetsu Corp.		(97,900	)		(934,351	)		198.9
Hokuhoku Financial Group, Inc.		(48,100	)		(514,411	)		109.5
Hoshino Resorts REIT, Inc.		(29	)		(102,253	)		21.8
House Foods Group, Inc.		(14,500	)		(322,258	)		68.6
Idec Corp.		(33,500	)		(677,002	)		144.1
Iino Kaiun Kaisha Ltd.		(79,400	)		(700,320	)		149.1
Insource Co. Ltd.		(11,200	)		(63,905	)		13.6
J Trust Co. Ltd.		(143,600	)		(464,631	)		98.9
Japan Aviation Electronics Industry Ltd.		(34,800	)		(605,456	)		128.9
Japan Communications, Inc.		(135,700	)		(216,370	)		46.1
Japan Material Co. Ltd.		(9,100	)		(155,279	)		33.1
Japan Prime Realty Investment Corp.		(211	)		(510,103	)		108.6
Kadokawa Corp.		(71,700	)		(1,531,332	)		326.0
Kagome Co. Ltd.		(41,700	)		(1,035,448	)		220.5
Kanto Denka Kogyo Co. Ltd.		(100,200	)		(605,218	)		128.9
KeePer Technical Laboratory Co. Ltd.		(9,900	)		(441,249	)		94.0
Keihan Holdings Co. Ltd.		(38,000	)		(936,106	)		199.3
KH Neochem Co. Ltd.		(8,100	)		(127,466	)		27.1
Kisoji Co. Ltd.		(11,800	)		(216,018	)		46.0
Kohnan Shoji Co. Ltd.		(17,100	)		(458,559	)		97.6
Komehyo Holdings Co. Ltd.		(2,200	)		(65,864	)		14.0
Komeri Co. Ltd.		(23,000	)		(520,221	)		110.8
Kosaido Holdings Co. Ltd.		(57,000	)		(292,115	)		62.2
Kumiai Chemical Industry Co. Ltd.		(7,800	)		(45,164	)		9.6
Kura Sushi, Inc.		(22,600	)		(611,133	)		130.1
KYB Corp.		(11,000	)		(385,065	)		82.0
Maruwa Co. Ltd.		(2,400	)		(484,611	)		103.2
Matsui Securities Co. Ltd.		(104,700	)		(588,411	)		125.3
Matsuya Co.Ltd.		(11,700	)		(75,398	)		16.1
MEC Co. Ltd.		(12,000	)		(366,516	)		78.0
Medley, Inc.		(15,300	)		(484,159	)		103.1
Meiko Electronics Co. Ltd.		(1,600	)		(44,024	)		9.4
Mitsubishi Estate Logistics REIT Investment Corp.		(72	)		(182,162	)		38.8
Mitsui Fudosan Logistics Park, Inc.		(205	)		(616,438	)		131.2
Mitsui-Soko Holdings Co. Ltd.		(12,100	)		(408,077	)		86.9
Mori Hills REIT Investment Corp.		(635	)		(596,788	)		127.1
Morinaga Milk Industry Co. Ltd.		(47,000	)		(971,144	)		206.8
m-up Holdings, Inc.		(6,100	)		(41,677	)		8.9
Musashino Bank Ltd.		(8,800	)		(167,334	)		35.6
Nankai Electric Railway Co. Ltd.		(37,200	)		(732,536	)		156.0

19  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Japan (continued)
Nanto Bank Ltd.		(18,400	)	$	(335,850	)		71.5	%
Nihon Kohden Corp.		(21,200	)		(652,451	)		138.9
Nikkiso Co. Ltd.		(11,500	)		(85,203	)		18.1
Nikkon Holdings Co. Ltd.		(35,600	)		(772,105	)		164.4
Nippon Accommodations Fund, Inc.		(144	)		(605,170	)		128.9
Nippon Carbon Co. Ltd.		(9,000	)		(276,035	)		58.8
Nippon Kanzai Holdings Co. Ltd.		(13,300	)		(239,731	)		51.0
Nippon Pillar Packing Co. Ltd.		(6,600	)		(218,951	)		46.6
Nippon REIT Investment Corp.		(27	)		(63,121	)		13.4
Nippon Yakin Kogyo Co. Ltd.		(23,000	)		(747,350	)		159.1
Nishimatsu Construction Co. Ltd.		(23,800	)		(660,523	)		140.6
Nishimatsuya Chain Co. Ltd.		(15,000	)		(218,692	)		46.6
Nitto Boseki Co. Ltd.		(1,500	)		(51,709	)		11.0
Nojima Corp.		(37,800	)		(480,936	)		102.4
NS United Kaiun Kaisha Ltd.		(15,800	)		(560,852	)		119.4
One REIT, Inc.		(294	)		(545,833	)		116.2
Orient Corp.		(46,800	)		(356,564	)		75.9
Osaka Soda Co. Ltd.		(28,700	)		(2,031,481	)		432.5
OSAKA Titanium Technologies Co. Ltd.		(35,000	)		(668,148	)		142.3
OSG Corp.		(29,800	)		(409,594	)		87.2
Piolax, Inc.		(28,800	)		(492,399	)		104.8
Rengo Co. Ltd.		(212,900	)		(1,393,995	)		296.8
Riken Keiki Co. Ltd.		(11,400	)		(568,327	)		121.0
Roland Corp.		(9,800	)		(328,671	)		70.0
Ryosan Co. Ltd.		(1,200	)		(39,930	)		8.5
Sangetsu Corp.		(37,600	)		(836,321	)		178.1
Sanyo Denki Co. Ltd.		(800	)		(33,596	)		7.2
Sawai Group Holdings Co. Ltd.		(1,500	)		(57,303	)		12.2
SBI Sumishin Net Bank Ltd.		(4,900	)		(56,962	)		12.1
Seiren Co. Ltd.		(11,600	)		(196,580	)		41.9
Senshu Ikeda Holdings, Inc.		(18,900	)		(44,191	)		9.4
Septeni Holdings Co. Ltd.		(290,200	)		(980,571	)		208.8
Shiga Bank Ltd.		(27,600	)		(692,378	)		147.4
Shin Nippon Biomedical Laboratories Ltd.		(21,500	)		(251,851	)		53.6
SKY Perfect JSAT Holdings, Inc.		(144,200	)		(765,904	)		163.1
Sotetsu Holdings, Inc.		(15,700	)		(290,625	)		61.9
SRE Holdings Corp.		(5,600	)		(127,365	)		27.1
Star Asia Investment Corp.		(2,286	)		(902,477	)		192.2
Star Micronics Co. Ltd.		(14,100	)		(169,891	)		36.2
SUNWELS Co. Ltd.		(6,800	)		(107,212	)		22.8
T Hasegawa Co. Ltd.		(7,600	)		(172,150	)		36.7
Taiheiyo Cement Corp.		(2,300	)		(47,789	)		10.2
Takara Holdings, Inc.		(101,400	)		(866,252	)		184.4
Takara Leben Real Estate Investment Corp.		(957	)		(687,133	)		146.3
Tamura Corp.		(34,400	)		(124,673	)		26.5
Tocalo Co. Ltd.		(16,000	)		(171,782	)		36.6
Toei Animation Co. Ltd.		(1,500	)		(202,572	)		43.1
Toho Bank Ltd.		(127,900	)		(273,718	)		58.3
TOKAI Holdings Corp.		(46,400	)		(315,873	)		67.3
Tokyo Kiraboshi Financial Group, Inc.		(17,300	)		(510,738	)		108.7
Tokyo Steel Manufacturing Co. Ltd.		(116,000	)		(1,414,769	)		301.2
TOMONY Holdings, Inc.		(23,300	)		(64,735	)		13.8
Topre Corp.		(19,700	)		(289,299	)		61.6
Toyo Gosei Co. Ltd.		(9,300	)		(548,867	)		116.9
Tri Chemical Laboratories, Inc.		(55,500	)		(1,382,008	)		294.2
Tsuburaya Fields Holdings, Inc.		(15,817	)		(194,412	)		41.4
Universal Entertainment Corp.		(2,600	)		(37,980	)		8.1
Valqua Ltd.		(1,400	)		(42,959	)		9.2
Wacoal Holdings Corp.		(17,800	)		(419,361	)		89.3
West Holdings Corp.		(18,900	)		(438,529	)		93.4
W-Scope Corp.		(20,781	)		(108,518	)		23.1

Security	Shares			Value			% of Basket Value
Japan (continued)
YA-MAN Ltd.		(76,093	)	$	(527,774	)		112.4	%
Yamato Kogyo Co. Ltd.		(16,000	)		(893,905	)		190.3
Yodogawa Steel Works Ltd.		(900	)		(23,938	)		5.1
Yonex Co. Ltd.		(41,100	)		(337,442	)		71.8
Zojirushi Corp.		(10,400	)		(101,675	)		21.7
					(63,776,854	)
Jersey
JTC PLC		(14,879	)		(150,204	)		32.0
Netherlands
Alfen NV		(525	)		(32,178	)		6.9
AMG Critical Materials NV		(22,851	)		(491,834	)		104.7
Corbion NV, Class C		(28,381	)		(556,927	)		118.6
Flow Traders Ltd.		(49,193	)		(895,749	)		190.7
TKH Group NV		(25,117	)		(1,024,869	)		218.2
					(3,001,557	)
Norway
Crayon Group Holding ASA		(108,529	)		(921,304	)		196.2
Dof Group ASA		(11,329	)		(62,040	)		13.2
Entra ASA		(80,886	)		(899,289	)		191.5
Europris ASA		(2,246	)		(17,089	)		3.6
MPC Container Ships ASA		(1,166,433	)		(1,777,950	)		378.5
Norske Skog ASA		(46,165	)		(161,720	)		34.4
SpareBank 1 SMN		(3,535	)		(48,850	)		10.4
					(3,888,242	)
Portugal
Greenvolt-Energias Renovaveis SA		(46,183	)		(408,725	)		87.0
Puerto Rico
Liberty Latin America Ltd., Class C		(3,228	)		(22,983	)		4.9
Singapore
Kenon Holdings Ltd./Singapore		(7,349	)		(176,209	)		37.5
Spain
Befesa SA		(5,022	)		(178,880	)		38.1
Faes Farma SA		(61,314	)		(204,280	)		43.5
Laboratorios Farmaceuticos Rovi SA		(4,014	)		(280,446	)		59.7
Vidrala SA		(10,724	)		(1,089,049	)		231.9
Viscofan SA		(8,465	)		(501,928	)		106.8
					(2,254,583	)
Sweden
Addnode Group AB, Class B		(23,295	)		(209,694	)		44.7
Clas Ohlson AB, B Shares		(56,723	)		(814,202	)		173.4
Dometic Group AB		(387,882	)		(3,109,499	)		662.0
Hms Networks Ab		(10,743	)		(476,787	)		101.5
Hufvudstaden AB, Class A		(36,533	)		(476,229	)		101.4
Pandox AB		(18,414	)		(254,558	)		54.2
Paradox Interactive AB		(43,904	)		(867,250	)		184.7
Peab AB, Class B		(35,130	)		(174,886	)		37.2
Stillfront Group AB		(383,509	)		(400,779	)		85.3
Surgical Science Sweden AB		(5,999	)		(103,377	)		22.0
Thule Group AB		(976	)		(24,750	)		5.3
Wihlborgs Fastigheter AB		(59,170	)		(533,173	)		113.5
					(7,445,184	)
Switzerland
Allreal Holding AG, Class N		(8,630	)		(1,547,576	)		329.5
Cembra Money Bank AG		(27,293	)		(2,120,075	)		451.4
Daetwyler Holding AG		(2,851	)		(584,304	)		124.4
Emmi AG, Class N		(840	)		(887,519	)		189.0
Forbo Holding AG, Registered Shares		(471	)		(558,221	)		118.8

S C H E D U L E  O F   I N V E S T M E N T S 20

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Switzerland (continued)
Garrett Motion, Inc.		(13,955	)	$	(119,873	)		25.5	%
Interroll Holding AG, Class N		(437	)		(1,285,938	)		273.8
Komax Holding AG, Class N		(2,185	)		(420,808	)		89.6
Leonteq AG		(7,752	)		(290,747	)		61.9
Meyer Burger Technology AG, Class N		(1,568,289	)		(203,935	)		43.4
Mobimo Holding AG, Registered Shares		(2,423	)		(721,817	)		153.7
SFS Group AG		(12,690	)		(1,535,943	)		327.0
SKAN Group AG		(3,197	)		(284,395	)		60.5
St Galler Kantonalbank AG, Class N		(449	)		(261,972	)		55.8
Swissquote Group Holding SA, Class N		(7,552	)		(1,896,373	)		403.8
Vontobel Holding AG, Class N		(9,942	)		(659,398	)		140.4
Zehnder Group AG		(2,732	)		(164,126	)		34.9
					(13,543,020	)
United Kingdom
888 Holdings PLC		(2,263,965	)		(2,236,775	)		476.2
Ascential PLC		(538,614	)		(2,082,902	)		443.5
Auction Technology Group PLC		(22,953	)		(159,121	)		33.9
Coats Group PLC		(271,323	)		(246,959	)		52.6
Elementis PLC		(462,174	)		(831,387	)		177.0
GB Group PLC		(58,955	)		(211,411	)		45.0
Genuit Group PLC		(285,761	)		(1,534,318	)		326.7
Home Reit PLC		(319,295	)		(115,477	)		24.6
Ibstock PLC		(301,324	)		(588,157	)		125.2
Marlowe PLC		(28,035	)		(133,811	)		28.5
Moonpig Group PLC		(524,920	)		(1,115,379	)		237.5
Next 15 Group PLC		(6,805	)		(78,931	)		16.8
Oxford Nanopore Technologies PLC		(78,625	)		(160,388	)		34.1
Rathbones Group PLC		(32,784	)		(688,922	)		146.7
Renewi PLC		(13,830	)		(103,377	)		22.0
Renishaw PLC		(7,740	)		(343,812	)		73.2
Softcat PLC		(54,796	)		(1,007,787	)		214.6
Trainline PLC		(66,009	)		(277,433	)		59.1
Victrex PLC		(38,901	)		(674,617	)		143.6
Volex PLC		(129,625	)		(522,972	)		111.3
WH Smith PLC		(162,417	)		(2,492,189	)		530.6
					(15,606,125	)
United States
Adeia, Inc.		(18,371	)		(223,024	)		47.5
ADT, Inc.		(41,241	)		(269,304	)		57.3
ADTRAN Holdings, Inc.		(19,907	)		(124,717	)		26.6
Aehr Test Systems		(46,913	)		(696,658	)		148.3
AeroVironment, Inc.		(1,849	)		(223,063	)		47.5
AerSale Corp.		(39,707	)		(369,275	)		78.6
Agiliti, Inc.		(36,104	)		(255,977	)		54.5
Allegiant Travel Co.		(9,122	)		(715,165	)		152.3
Altair Engineering, Inc., Class A		(9,095	)		(773,257	)		164.6
Altus Power, Inc., Class A		(8,050	)		(43,390	)		9.2
AMC Networks, Inc., Class A		(7,776	)		(140,668	)		30.0
Amerant Bancorp, Inc., Class A		(7,272	)		(164,420	)		35.0
America’s Car-Mart, Inc.		(5,513	)		(335,687	)		71.5
ANI Pharmaceuticals, Inc.		(4,181	)		(233,383	)		49.7
Anterix, Inc.		(6,219	)		(185,451	)		39.5
Apollo Commercial Real Estate Finance, Inc.		(22,910	)		(255,676	)		54.4
Applied Digital Corp.		(53,135	)		(273,114	)		58.2
Applied Optoelectronics, Inc.		(3,088	)		(48,574	)		10.3
Ares Commercial Real Estate Corp.		(38,136	)		(362,673	)		77.2
Arhaus, Inc., Class A		(6,479	)		(75,740	)		16.1
ARMOUR Residential REIT, Inc.		(46,454	)		(884,949	)		188.4
Artesian Resources Corp., Class A		(1,797	)		(65,591	)		14.0

Security	Shares			Value			% of Basket Value
United States (continued)
Astronics Corp.		(947	)	$	(16,014	)		3.4	%
Atlantic Union Bankshares Corp.		(12,588	)		(430,006	)		91.6
Axsome Therapeutics, Inc.		(20,511	)		(1,846,605	)		393.2
Balchem Corp.		(1,883	)		(263,921	)		56.2
BancFirst Corp.		(1,466	)		(129,756	)		27.6
Bank of Hawaii Corp.		(40	)		(2,529	)		0.5
Barnes Group, Inc.		(11,864	)		(392,817	)		83.6
Belden, Inc.		(5,490	)		(407,248	)		86.7
BGC Group, Inc., Class A		(70,084	)		(494,793	)		105.3
Bloomin’ Brands, Inc.		(25,482	)		(678,331	)		144.4
Boston Omaha Corp., Class A		(32,229	)		(499,227	)		106.3
Broadstone Net Lease, Inc.		(25,731	)		(413,497	)		88.0
BRP Group, Inc., Class A		(49,731	)		(1,115,964	)		237.6
Burford Capital Ltd.		(30,994	)		(466,150	)		99.2
Cadre Holdings, Inc.		(17,959	)		(610,426	)		130.0
Calavo Growers, Inc.		(5,386	)		(140,521	)		29.9
California Water Service Group		(12,416	)		(562,072	)		119.7
Cal-Maine Foods, Inc.		(4,637	)		(256,983	)		54.7
Cambridge Bancorp		(4,363	)		(299,258	)		63.7
Camping World Holdings, Inc., Class A		(20,124	)		(500,081	)		106.5
Casella Waste Systems, Inc., Class A		(30,746	)		(2,623,864	)		558.6
Cass Information Systems, Inc.		(12,526	)		(540,622	)		115.1
Cathay General Bancorp		(21,950	)		(903,681	)		192.4
CCC Intelligent Solutions Holdings, Inc.		(134,945	)		(1,483,046	)		315.8
Centrus Energy Corp., Class A		(2,839	)		(142,575	)		30.4
Certara, Inc.		(58,759	)		(949,545	)		202.2
Claros Mortgage Trust, Inc.		(66,690	)		(782,941	)		166.7
Cleanspark, Inc.		(38,591	)		(310,658	)		66.1
Clearfield, Inc.		(22,414	)		(564,609	)		120.2
CNB Financial Corp.		(824	)		(17,592	)		3.7
Coastal Financial Corp.		(4,428	)		(176,677	)		37.6
Collegium Pharmaceutical, Inc.		(6,573	)		(216,646	)		46.1
Columbia Financial, Inc.		(26,775	)		(481,414	)		102.5
Community Bank System, Inc.		(8,139	)		(372,522	)		79.3
Community Healthcare Trust, Inc.		(9,213	)		(235,761	)		50.2
Community Trust Bancorp, Inc.		(1,805	)		(74,908	)		16.0
Conduent, Inc.		(45,307	)		(163,105	)		34.7
Consensus Cloud Solutions, Inc.		(30,536	)		(663,853	)		141.3
CoreCivic, Inc.		(11,578	)		(164,639	)		35.1
Crescent Energy Co., Class A		(20,772	)		(229,531	)		48.9
CTS Corp.		(22,797	)		(936,045	)		199.3
Cytek Biosciences, Inc.		(12,763	)		(96,361	)		20.5
Definitive Healthcare Corp., Class A		(28,069	)		(238,587	)		50.8
Denny’s Corp.		(20,731	)		(220,371	)		46.9
Diamond Hill Investment Group, Inc., Class A		(145	)		(23,132	)		4.9
DiamondRock Hospitality Co.		(93,350	)		(853,219	)		181.7
Dine Brands Global, Inc.		(19,920	)		(929,268	)		197.9
DocGo, Inc.		(34,048	)		(125,978	)		26.8
Domo, Inc., Class B		(17,469	)		(189,888	)		40.4
Dorman Products, Inc.		(1,869	)		(152,155	)		32.4
Easterly Government Properties, Inc.		(193,372	)		(2,374,608	)		505.6
Eastman Kodak Co.		(70,243	)		(242,338	)		51.6
Ecovyst, Inc.		(9,754	)		(90,322	)		19.2
Embecta Corp.		(20,539	)		(352,038	)		75.0
Encore Capital Group, Inc.		(1,718	)		(86,037	)		18.3
Energizer Holdings, Inc.		(244	)		(7,715	)		1.6
Enfusion, Inc., Class A		(42,854	)		(338,547	)		72.1
Enhabit, Inc.		(5,231	)		(52,781	)		11.2
Enliven Therapeutics, Inc.		(24,585	)		(385,984	)		82.2
Enpro, Inc.		(6,957	)		(1,039,237	)		221.3
European Wax Center, Inc., Class A		(100,867	)		(1,496,866	)		318.7

21  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
EverCommerce, Inc.		(39,077	)	$	(380,610	)		81.0	%
Evolus, Inc.		(17,864	)		(226,694	)		48.3
Evolv Technologies Holdings, Inc., Class A		(3,025	)		(13,219	)		2.8
Excelerate Energy, Inc., Class A		(37,850	)		(579,862	)		123.5
F&G Annuities & Life, Inc.		(3,920	)		(175,773	)		37.4
Farmland Partners, Inc.		(119,512	)		(1,340,925	)		285.5
First Advantage Corp.		(18,855	)		(308,656	)		65.7
First Bancorp/Southern Pines NC		(29,932	)		(1,034,450	)		220.2
First Bancshares, Inc.		(5,255	)		(133,635	)		28.5
First Commonwealth Financial Corp.		(98,035	)		(1,373,470	)		292.4
First Community Bankshares, Inc.		(9,762	)		(334,641	)		71.2
First Merchants Corp.		(4,775	)		(161,443	)		34.4
Fortrea Holdings, Inc.		(40,493	)		(1,253,663	)		266.9
Funko, Inc., Class A		(21,724	)		(153,589	)		32.7
GCM Grosvenor, Inc., Class A		(17,773	)		(154,447	)		32.9
GEO Group, Inc.		(5,003	)		(55,633	)		11.8
German American Bancorp, Inc.		(7,177	)		(237,774	)		50.6
Gladstone Land Corp.		(9,270	)		(131,263	)		27.9
Glaukos Corp.		(1,875	)		(166,931	)		35.5
Global Medical REIT, Inc.		(21,617	)		(218,548	)		46.5
Global Net Lease, Inc.		(213,633	)		(1,805,199	)		384.3
Great Southern Bancorp, Inc.		(6,362	)		(331,397	)		70.6
Grid Dynamics Holdings, Inc., Class A		(20,695	)		(270,070	)		57.5
Harrow, Inc.		(8,402	)		(80,071	)		17.0
Hawkins, Inc.		(2,293	)		(152,645	)		32.5
Haynes International, Inc.		(3,329	)		(185,325	)		39.5
HighPeak Energy, Inc.		(1,299	)		(17,731	)		3.8
Hillman Solutions Corp.		(150,154	)		(1,319,854	)		281.0
Hilltop Holdings, Inc.		(20,879	)		(657,480	)		140.0
Home BancShares, Inc.		(38,385	)		(899,744	)		191.6
Impinj, Inc.		(4,096	)		(397,230	)		84.6
International Bancshares Corp.		(14,335	)		(757,748	)		161.3
Intrepid Potash, Inc.		(3,001	)		(55,218	)		11.8
InvenTrust Properties Corp.		(25,083	)		(622,811	)		132.6
iRhythm Technologies, Inc.		(14,027	)		(1,680,154	)		357.7
Ivanhoe Electric, Inc.		(9,014	)		(75,357	)		16.0
Jack in the Box, Inc.		(19,008	)		(1,482,054	)		315.5
Jackson Financial, Inc., Class A		(19,135	)		(958,089	)		204.0
JBG SMITH Properties		(20,320	)		(325,120	)		69.2
John Bean Technologies Corp.		(4,315	)		(426,149	)		90.7
Kinetik Holdings, Inc., Class A		(45,149	)		(1,468,245	)		312.6
KKR Real Estate Finance Trust, Inc.		(94	)		(1,151	)		0.2
Krispy Kreme, Inc.		(171,555	)		(2,279,966	)		485.4
Lakeland Financial Corp.		(2,131	)		(142,692	)		30.4
Leonardo DRS, Inc.		(6,110	)		(118,595	)		25.3
Leslie’s, Inc.		(111,469	)		(747,957	)		159.2
Liberty Media Corp.-Liberty Live, Class C		(14,965	)		(557,746	)		118.8
Life Time Group Holdings, Inc.		(5,567	)		(74,041	)		15.8
Lightwave Logic, Inc.		(65,430	)		(282,003	)		60.0
Lindblad Expeditions Holdings, Inc.		(1,735	)		(16,031	)		3.4
LSI Industries, Inc.		(2,117	)		(28,918	)		6.2
LTC Properties, Inc.		(4,909	)		(153,014	)		32.6
Macerich Co.		(121,112	)		(1,912,358	)		407.2
Madison Square Garden Entertainment Corp.		(12,274	)		(409,215	)		87.1
Maravai LifeSciences Holdings, Inc., Class A		(18,784	)		(108,947	)		23.2
MaxCyte, Inc.		(15,107	)		(76,895	)		16.4
MediaAlpha, Inc., Class A		(3,385	)		(43,159	)		9.2
Medifast, Inc.		(6,473	)		(353,749	)		75.3
MeridianLink, Inc.		(38,578	)		(877,649	)		186.9
Mesa Laboratories, Inc.		(862	)		(78,976	)		16.8
Middlesex Water Co.		(6,533	)		(365,652	)		77.9
Mirion Technologies, Inc., Class A		(143,964	)		(1,360,460	)		289.7

Security	Shares			Value			% of Basket Value
United States (continued)
Mission Produce, Inc.		(11,925	)	$	(119,131	)		25.4	%
Montauk Renewables, Inc.		(8,423	)		(58,203	)		12.4
Movado Group, Inc.		(13,831	)		(381,459	)		81.2
Mueller Water Products, Inc., Class A		(46,900	)		(642,999	)		136.9
National Bank Holdings Corp., Class A		(9,082	)		(317,870	)		67.7
National Cinemedia, Inc.		(27,209	)		(111,285	)		23.7
National Presto Industries, Inc.		(3,494	)		(276,620	)		58.9
Navient Corp.		(30,784	)		(530,100	)		112.9
NBT Bancorp, Inc.		(20,428	)		(726,624	)		154.7
nCino, Inc.		(10,519	)		(331,138	)		70.5
NeoGenomics, Inc.		(9,487	)		(140,882	)		30.0
New York Mortgage Trust, Inc.		(27,345	)		(214,385	)		45.6
NextDecade Corp.		(5,204	)		(26,488	)		5.6
Nicolet Bankshares, Inc.		(9,538	)		(741,770	)		157.9
nLight, Inc.		(76,249	)		(989,712	)		210.7
Northern Oil and Gas, Inc.		(25,549	)		(855,891	)		182.2
Northfield Bancorp, Inc.		(8,063	)		(96,998	)		20.7
Novanta, Inc.		(398	)		(61,511	)		13.1
NV5 Global, Inc.		(3,929	)		(412,113	)		87.7
One Liberty Properties, Inc.		(3,273	)		(66,246	)		14.1
OneWater Marine, Inc., Class A		(33,812	)		(853,077	)		181.6
Open Lending Corp.		(23,788	)		(174,604	)		37.2
Origin Bancorp, Inc.		(16,124	)		(491,782	)		104.7
OrthoPediatrics Corp.		(18,024	)		(470,787	)		100.2
Papa John’s International, Inc.		(19,072	)		(1,401,411	)		298.4
Paragon 28, Inc.		(6,055	)		(76,777	)		16.3
Paycor HCM, Inc.		(9,713	)		(188,724	)		40.2
Paymentus Holdings, Inc., Class A		(31,796	)		(504,285	)		107.4
Peapack-Gladstone Financial Corp.		(5,491	)		(151,442	)		32.2
PennyMac Mortgage Investment Trust		(45,411	)		(651,194	)		138.6
Peoples Bancorp, Inc.		(9,420	)		(276,006	)		58.8
Phillips Edison & Co., Inc.		(30,367	)		(1,054,039	)		224.4
Phinia, Inc.		(41,626	)		(1,258,770	)		268.0
Piedmont Lithium, Inc.		(33,045	)		(504,928	)		107.5
Pitney Bowes, Inc.		(53,919	)		(221,607	)		47.2
Plymouth Industrial REIT, Inc.		(33,112	)		(733,100	)		156.1
PolyPeptide Group AG		(22,150	)		(409,887	)		87.3
PotlatchDeltic Corp.		(8,264	)		(369,649	)		78.7
Powell Industries, Inc.		(2,275	)		(269,656	)		57.4
Premier, Inc., Class A		(23,873	)		(516,134	)		109.9
ProAssurance Corp.		(13,868	)		(186,663	)		39.7
ProFrac Holding Corp., Class A		(48,940	)		(387,115	)		82.4
Pulmonx Corp.		(27,688	)		(367,697	)		78.3
Quanterix Corp.		(2,282	)		(50,409	)		10.7
Ramaco Resources, Inc., Class A		(3,194	)		(60,303	)		12.8
RCI Hospitality Holdings, Inc.		(11,183	)		(690,662	)		147.1
Ready Capital Corp.		(79,144	)		(741,579	)		157.9
Reliance Worldwide Corp. Ltd.		(146,689	)		(407,437	)		86.7
Retail Opportunity Investments Corp.		(72,162	)		(980,682	)		208.8
Rocket Lab USA, Inc., Class A		(199,273	)		(966,474	)		205.8
S&T Bancorp, Inc.		(20,112	)		(670,534	)		142.8
Sabra Health Care REIT, Inc.		(56,576	)		(754,724	)		160.7
Sabre Corp.		(18,991	)		(77,863	)		16.6
Seacoast Banking Corp. of Florida		(17,534	)		(430,635	)		91.7
Sensient Technologies Corp.		(19,244	)		(1,193,705	)		254.2
Seritage Growth Properties, Class A		(47,920	)		(438,468	)		93.4
Service Properties Trust		(3,248	)		(25,107	)		5.3
Shenandoah Telecommunications Co.		(16,664	)		(341,445	)		72.7
Silgan Holdings, Inc.		(43,617	)		(2,003,765	)		426.6
SilverBow Resources, Inc.		(34,357	)		(912,522	)		194.3
SITE Centers Corp.		(8,488	)		(113,060	)		24.1
Six Flags Entertainment Corp.		(60,156	)		(1,516,533	)		322.9

S C H E D U L E  O F   I N V E S T M E N T S 22

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Sotera Health Co.		(38,853	)	$	(571,916	)		121.8	%
Southern Missouri Bancorp, Inc.		(446	)		(19,450	)		4.1
Stellar Bancorp, Inc.		(13,427	)		(336,078	)		71.6
Stepan Co.		(3,920	)		(349,938	)		74.5
StepStone Group, Inc., Class A		(18,366	)		(614,343	)		130.8
Stericycle, Inc.		(26,421	)		(1,268,208	)		270.0
Sterling Check Corp.		(9,581	)		(130,685	)		27.8
Steven Madden Ltd.		(43,289	)		(1,812,943	)		386.0
Sun Country Airlines Holdings, Inc.		(14,082	)		(191,656	)		40.8
SunCoke Energy, Inc.		(31,115	)		(318,929	)		67.9
SunPower Corp.		(8,988	)		(27,234	)		5.8
Sunrun, Inc.		(41,186	)		(596,373	)		127.0
Tarsus Pharmaceuticals, Inc.		(5,605	)		(152,680	)		32.5
Tidewater, Inc.		(12,045	)		(809,304	)		172.3
TimkenSteel Corp.		(19,986	)		(410,712	)		87.4
Towne Bank		(22,069	)		(620,360	)		132.1
Transcat, Inc.		(1,740	)		(191,470	)		40.8
Triumph Financial, Inc.		(5,643	)		(398,678	)		84.9
Triumph Group, Inc.		(92,633	)		(1,500,655	)		319.5
Ubiquiti, Inc.		(8,491	)		(1,067,658	)		227.3
UFP Technologies, Inc.		(2,307	)		(388,753	)		82.8
Ultra Clean Holdings, Inc.		(10,495	)		(400,909	)		85.4
UniFirst Corp.		(4,113	)		(696,824	)		148.4
United Community Banks, Inc.		(23,627	)		(645,962	)		137.5
United Natural Foods, Inc.		(48,940	)		(729,695	)		155.4
Uniti Group, Inc.		(58,626	)		(308,373	)		65.7
Universal Corp.		(6,270	)		(363,347	)		77.4
Universal Health Realty Income Trust		(5,557	)		(221,224	)		47.1
Veris Residential, Inc.		(22,561	)		(344,055	)		73.3
Vishay Intertechnology, Inc.		(93,902	)		(2,040,490	)		434.4
Vista Outdoor, Inc.		(52,565	)		(1,475,500	)		314.2
Vobile Group Ltd.		(156,000	)		(28,906	)		6.2
VSE Corp.		(9,846	)		(611,535	)		130.2
WaFd, Inc.		(21,491	)		(624,099	)		132.9
Werner Enterprises, Inc.		(3,366	)		(133,125	)		28.3
Westrock Coffee Co.		(8,636	)		(89,469	)		19.1
White Mountains Insurance Group Ltd.		(895	)		(1,410,493	)		300.3
Xenia Hotels & Resorts, Inc.		(38,450	)		(512,538	)		109.1
XPEL, Inc.		(5,915	)		(316,157	)		67.3
York Water Co.		(11,831	)		(424,496	)		90.4
					(124,119,598	)
Preferred Stocks
Germany
Jungheinrich AG		(11,039	)		(376,651	)		80.2
Total Reference Entity — Short					(297,588,492	)
Net Value of Reference Entity — Bank of America N.A				$	(469,681	)

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with Barclays Bank PLC as of period end, termination dates 11/11/24 — 01/2/25:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
Lendlease Corp. Ltd.		9	$	43		0.0	%
Belgium
Liberty Global Ltd., Class C		31,437		658,291		2.6
Canada
Air Canada		2,287		30,909		0.1
Nutrien Ltd.		22,671		1,127,680		4.4
Pan American Silver Corp.		3,082		41,605		0.2
Royal Bank of Canada		7,372		721,912		2.8
Tricon Residential, Inc.		50,145		552,568		2.2
				2,474,674
France
Cie de Saint-Gobain SA		1,402		99,131		0.4
Germany
Zalando SE		163,955		3,295,041		12.9
Hong Kong
Futu Holdings Ltd., ADR		44,357		2,072,359		8.1
Wharf Real Estate Investment Co. Ltd.		40,000		117,204		0.5
				2,189,563
Ireland
Bank of Ireland Group PLC		79,509		736,228		2.9
Israel
Wix.com Ltd.		349		44,281		0.2
Italy
UniCredit SpA		34,464		1,016,612		4.0
Japan
GMO Payment Gateway, Inc.		34,000		2,039,202		8.0
Hikari Tsushin, Inc.		3,800		658,278		2.6
Honda Motor Co. Ltd.		455,200		5,061,656		19.8
IHI Corp.		28,800		547,841		2.1
Kurita Water Industries Ltd.		8,100		294,038		1.2
Marubeni Corp.		199,500		3,382,512		13.3
Mitsubishi Corp.		8,700		149,040		0.6
MonotaRO Co. Ltd.		63,500		594,391		2.3
Nippon Steel Corp.		17,300		413,932		1.6
ORIX Corp.		91,000		1,746,810		6.8
Recruit Holdings Co. Ltd.		30,600		1,201,148		4.7
Rohm Co. Ltd.		166,000		2,846,949		11.2
Seibu Holdings, Inc.		23,100		324,526		1.3
Unicharm Corp.		11,700		400,179		1.6
				19,660,502
Netherlands
Koninklijke Philips NV		22,118		471,618		1.9

23  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Singapore
Grab Holdings Ltd., Class A		15,899	$	48,810		0.2	%
Sea Ltd., Class A, ADR		18,348		699,793		2.7
				748,603
Spain
Acciona SA		207		26,965		0.1
Sweden
Assa Abloy AB, Class B		4,699		128,153		0.5
Atlas Copco AB, Class B		3,845		53,245		0.2
				181,398
Switzerland
Adecco Group AG, Class N		16,869		726,774		2.9
CRISPR Therapeutics AG		604		38,022		0.1
				764,796
United Kingdom
NatWest Group PLC		1,530,710		4,331,809		17.0
Pearson PLC		1,655		20,303		0.1
Rolls-Royce Holdings PLC		359,778		1,369,935		5.3
				5,722,047
United States
3M Co.		2,136		201,532		0.8
A O Smith Corp.		41,073		3,187,676		12.5
AbbVie, Inc.		11,174		1,837,006		7.2
Academy Sports & Outdoors, Inc.		21,748		1,364,252		5.3
Adient PLC		53,519		1,857,644		7.3
Adobe, Inc.		11,762		7,266,328		28.5
Advanced Drainage Systems, Inc.		1,998		260,579		1.0
AECOM		19,207		1,693,865		6.6
AES Corp.		42,883		715,288		2.8
Affirm Holdings, Inc., Class A		3,213		130,159		0.5
AGCO Corp.		10,423		1,275,046		5.0
Agilent Technologies, Inc.		36,724		4,777,792		18.7
Akamai Technologies, Inc.		12,855		1,584,122		6.2
Alaska Air Group, Inc.		31,844		1,140,970		4.5
Align Technology, Inc.		2,731		730,051		2.9
Alkermes PLC		13,255		358,548		1.4
Alnylam Pharmaceuticals, Inc.		367		63,458		0.2
Alphabet, Inc., Class A		21,679		3,037,228		11.9
Amazon.com, Inc.		53,202		8,256,950		32.4
Amdocs Ltd.		6,742		618,107		2.4
American Tower Corp.		2,905		568,363		2.2
American Water Works Co., Inc.		13,054		1,618,957		6.3
AMETEK, Inc.		29,467		4,775,127		18.7
Amgen, Inc.		933		293,205		1.1
Antero Resources Corp.		19,893		444,410		1.7
Aon PLC, Class A		11,547		3,445,971		13.5
Apple, Inc.		40,663		7,498,257		29.4
AppLovin Corp., Class A		3,521		144,819		0.6
Arrow Electronics, Inc.		18,169		2,019,484		7.9
Asbury Automotive Group, Inc.		239		49,965		0.2
Ashland, Inc.		10,577		990,219		3.9
AT&T, Inc.		167,106		2,956,105		11.6
Atmos Energy Corp.		804		91,608		0.4
Automatic Data Processing, Inc.		12,959		3,185,063		12.5
AutoNation, Inc.		6,946		970,078		3.8
Avnet, Inc.		35,007		1,585,817		6.2
Axis Capital Holdings Ltd.		590		35,117		0.1
AZEK Co., Inc., Class A		26,510		1,022,226		4.0
Baker Hughes Co., Class A		158,128		4,506,648		17.7

Security	Shares		Value		% of Basket Value
United States (continued)
Bank of America Corp.		112,959	$	3,841,736		15.1	%
Best Buy Co., Inc.		1,444		104,676		0.4
BioMarin Pharmaceutical, Inc.		16,142		1,421,787		5.6
Bio-Rad Laboratories, Inc., Class A		4,327		1,388,491		5.4
Block, Inc., Class A		1,613		104,861		0.4
Boise Cascade Co.		7,672		1,039,249		4.1
Booking Holdings, Inc.		1,614		5,661,057		22.2
Boston Beer Co., Inc., Class A		1,051		367,083		1.4
Boston Properties, Inc.		9,988		664,202		2.6
Box, Inc., Class A		52,323		1,359,352		5.3
Boyd Gaming Corp.		32,790		2,081,837		8.2
Bridgebio Pharma, Inc.		2,108		72,283		0.3
Bristol-Myers Squibb Co.		108,590		5,306,793		20.8
Builders FirstSource, Inc.		12,490		2,169,888		8.5
Bunge Global SA		58,537		5,156,524		20.2
Cable One, Inc.		1,185		650,482		2.6
CACI International, Inc., Class A		153		52,591		0.2
Cadence Design Systems, Inc.		13,175		3,800,460		14.9
Caesars Entertainment, Inc.		29,012		1,272,756		5.0
Cardinal Health, Inc.		44,161		4,821,940		18.9
CarMax, Inc.		9,525		677,989		2.7
Carnival Corp.		256,767		4,257,197		16.7
Cencora, Inc.		35,038		8,152,642		32.0
Ceridian HCM Holding, Inc.		33,465		2,326,487		9.1
CH Robinson Worldwide, Inc.		7,428		624,620		2.4
Charter Communications, Inc., Class A		13,791		5,112,462		20.0
Chemed Corp.		550		326,034		1.3
Choice Hotels International, Inc.		816		98,834		0.4
Ciena Corp.		32,481		1,721,493		6.8
Cincinnati Financial Corp.		24,975		2,767,230		10.9
Cintas Corp.		1,015		613,639		2.4
Cirrus Logic, Inc.		24,617		1,900,432		7.5
Citigroup, Inc.		114,183		6,413,659		25.2
Clorox Co.		15,031		2,183,253		8.6
CMS Energy Corp.		11,760		672,202		2.6
CNH Industrial NV		83,380		1,000,560		3.9
Coca-Cola Co.		99,356		5,910,688		23.2
Cognex Corp.		46,583		1,683,510		6.6
Colgate-Palmolive Co.		80,038		6,739,200		26.4
ConocoPhillips		23,755		2,657,472		10.4
Constellation Brands, Inc., Class A		2,355		577,163		2.3
Constellium SE, Class A		3,654		68,512		0.3
Costco Wholesale Corp.		3,329		2,313,255		9.1
Coterra Energy, Inc.		77,695		1,933,052		7.6
Credit Acceptance Corp.		311		168,273		0.7
Curtiss-Wright Corp.		552		122,859		0.5
D.R. Horton, Inc.		55,572		7,941,794		31.1
DaVita, Inc.		4,368		472,443		1.9
Deckers Outdoor Corp.		1,281		965,528		3.8
Dell Technologies, Inc., Class C		35,845		2,970,834		11.7
Delta Air Lines, Inc.		168,902		6,610,824		25.9
Devon Energy Corp.		797		33,490		0.1
Domino’s Pizza, Inc.		11,192		4,770,254		18.7
Donaldson Co., Inc.		9,839		635,501		2.5
DraftKings, Inc., Class A		40,256		1,571,997		6.2
Dropbox, Inc., Class A		1,396		44,225		0.2
Eagle Materials, Inc.		1,400		316,792		1.2
eBay, Inc.		137,683		5,654,641		22.2
Edison International		1,294		87,319		0.3
Edwards Lifesciences Corp.		19,555		1,534,481		6.0
Elastic NV		4,450		520,917		2.0

S C H E D U L E  O F   I N V E S T M E N T S 24

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United States (continued)
Electronic Arts, Inc.		20,650	$	2,841,027		11.1	%
Eli Lilly & Co.		9,646		6,227,554		24.4
EMCOR Group, Inc.		934		213,055		0.8
EOG Resources, Inc.		48,346		5,501,291		21.6
EPAM Systems, Inc.		117		32,539		0.1
Equinix, Inc.		6,348		5,267,380		20.7
Equity Residential		13,446		809,315		3.2
Essential Utilities, Inc.		18,154		651,002		2.6
Etsy, Inc.		1,450		96,512		0.4
Evercore, Inc., Class A		3,522		604,833		2.4
Exact Sciences Corp.		16,233		1,061,638		4.2
Exelixis, Inc.		23,969		521,565		2.0
ExlService Holdings, Inc.		19,540		611,211		2.4
Expeditors International of Washington, Inc.		33,526		4,235,340		16.6
Exxon Mobil Corp.		42,968		4,417,540		17.3
F5, Inc.		2,777		510,135		2.0
Fair Isaac Corp.		739		885,935		3.5
Ferguson PLC		6,279		1,179,573		4.6
Fidelity National Information Services, Inc.		6,784		422,372		1.7
First American Financial Corp.		13,664		824,622		3.2
First Industrial Realty Trust, Inc.		5,471		281,866		1.1
Flex Ltd.		162,973		3,868,979		15.2
Flowserve Corp.		69,268		2,765,871		10.8
Fortune Brands Innovations, Inc.		34,583		2,683,295		10.5
Fox Corp., Class A		9,050		292,315		1.1
Franklin Resources, Inc.		235,074		6,260,021		24.5
Gartner, Inc.		5,027		2,299,551		9.0
Generac Holdings, Inc.		2,456		279,174		1.1
General Dynamics Corp.		16,714		4,429,043		17.4
General Motors Co.		273,441		10,609,511		41.6
Gilead Sciences, Inc.		22,818		1,785,737		7.0
GoDaddy, Inc., Class A		86,330		9,207,958		36.1
Graco, Inc.		26,244		2,238,613		8.8
Guidewire Software, Inc.		18,785		2,097,909		8.2
GXO Logistics, Inc.		22,548		1,226,160		4.8
H&R Block, Inc.		4,887		228,907		0.9
Haemonetics Corp.		6,511		497,831		2.0
Halliburton Co.		271,040		9,662,576		37.9
Halozyme Therapeutics, Inc.		10,736		363,414		1.4
HEICO Corp., Class A		1,100		155,617		0.6
Helmerich & Payne, Inc.		31,947		1,286,186		5.0
HF Sinclair Corp.		1,521		85,921		0.3
Hilton Grand Vacations, Inc.		16,218		676,291		2.7
Home Depot, Inc.		36,451		12,865,745		50.5
HP, Inc.		120,729		3,466,130		13.6
HubSpot, Inc.		3,153		1,926,483		7.6
Incyte Corp.		8,964		526,814		2.1
Independence Realty Trust, Inc.		3,660		53,765		0.2
Installed Building Products, Inc.		2,548		496,478		1.9
Intel Corp.		54,923		2,366,083		9.3
International Paper Co.		17,214		616,778		2.4
Invesco Ltd.		306,970		4,859,335		19.1
Invitation Homes, Inc.		8,311		273,681		1.1
Ionis Pharmaceuticals, Inc.		7,885		405,210		1.6
Iridium Communications, Inc.		452		16,390		0.1
ITT, Inc.		11,210		1,353,944		5.3
Jack Henry & Associates, Inc.		290		48,091		0.2
Jones Lang LaSalle, Inc.		3,109		550,480		2.2
KB Home		48,949		2,916,871		11.4
KeyCorp		2,500		36,325		0.1
Keysight Technologies, Inc.		832		127,512		0.5
Kilroy Realty Corp.		17,565		628,124		2.5

Security	Shares		Value		% of Basket Value
United States (continued)
Kimberly-Clark Corp.		127,244	$	15,392,707		60.4	%
KLA Corp.		12,248		7,275,802		28.5
Lam Research Corp.		5,371		4,431,988		17.4
Lamar Advertising Co., Class A		10,171		1,064,700		4.2
Landstar System, Inc.		664		127,302		0.5
Lattice Semiconductor Corp.		4,272		259,994		1.0
Lazard, Inc.		2,567		100,062		0.4
Lear Corp.		587		78,012		0.3
Leidos Holdings, Inc.		20,852		2,303,520		9.0
Lennar Corp., Class A		14,318		2,145,552		8.4
Lennox International, Inc.		7,481		3,203,065		12.6
Liberty Media Corp.-Liberty SiriusXM		336		10,201		0.0
Lithia Motors, Inc., Class A		910		268,313		1.1
Lockheed Martin Corp.		11,219		4,817,551		18.9
Louisiana-Pacific Corp.		9,515		633,223		2.5
Magnolia Oil & Gas Corp., Class A		6,037		124,483		0.5
Manhattan Associates, Inc.		5,514		1,337,476		5.2
Marathon Oil Corp.		78,744		1,799,300		7.1
Marathon Petroleum Corp.		6,421		1,063,318		4.2
Marsh & McLennan Cos., Inc.		30,654		5,941,971		23.3
Martin Marietta Materials, Inc.		8,161		4,149,216		16.3
Masco Corp.		79,856		5,373,510		21.1
Mastercard, Inc., Class A		26,657		11,975,124		47.0
McCormick & Co., Inc.		4,783		326,009		1.3
Medtronic PLC		9,754		853,865		3.3
Merck & Co., Inc.		17,610		2,126,936		8.3
Mettler-Toledo International, Inc.		4,336		5,191,016		20.4
MGIC Investment Corp.		10,440		207,130		0.8
MGM Resorts International		90,197		3,911,844		15.3
Micron Technology, Inc.		32,467		2,784,045		10.9
Microsoft Corp.		24,449		9,720,433		38.1
Middleby Corp.		4,952		698,579		2.7
Mohawk Industries, Inc.		40,339		4,205,341		16.5
Molina Healthcare, Inc.		111		39,565		0.2
Molson Coors Beverage Co., Class B		96,231		5,946,113		23.3
Mondelez International, Inc., Class A		10,117		761,507		3.0
Monster Beverage Corp.		80,922		4,452,328		17.5
Moody’s Corp.		40,754		15,977,198		62.7
Morningstar, Inc.		3,585		1,001,290		3.9
Motorola Solutions, Inc.		2,640		843,480		3.3
MSCI, Inc., Class A		15,991		9,572,532		37.5
Neogen Corp.		12,096		187,488		0.7
NetApp, Inc.		10,538		918,914		3.6
Netflix, Inc.		11,187		6,310,699		24.7
Neurocrine Biosciences, Inc.		1,569		219,299		0.9
New Jersey Resources Corp.		5,375		219,461		0.9
New York Times Co., Class A		8,176		397,027		1.6
Newmont Corp.		1,132		39,065		0.2
Nucor Corp.		2,481		463,773		1.8
Nutanix, Inc., Class A		51,901		2,916,836		11.4
NVIDIA Corp.		10,507		6,464,642		25.4
NVR, Inc.		441		3,120,203		12.2
Old Dominion Freight Line, Inc.		3,863		1,510,510		5.9
Old Republic International Corp.		4,074		114,235		0.4
Ollie’s Bargain Outlet Holdings, Inc.		427		30,714		0.1
OneMain Holdings, Inc.		7,013		333,819		1.3
O’Reilly Automotive, Inc.		2,230		2,281,401		8.9
Oshkosh Corp.		832		91,603		0.4
Otis Worldwide Corp.		1,871		165,471		0.6
Owens Corning		40,447		6,128,934		24.0
PACCAR, Inc.		12,276		1,232,388		4.8
Palo Alto Networks, Inc.		1,045		353,743		1.4

25  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United States (continued)
Paramount Global, Class B		209,919	$	3,062,718		12.0	%
Penske Automotive Group, Inc.		14,702		2,181,336		8.6
Pentair PLC		15,630		1,143,647		4.5
Perrigo Co. PLC		39,502		1,267,224		5.0
Pfizer, Inc.		38,044		1,030,231		4.0
Pool Corp.		2,991		1,110,409		4.4
Portland General Electric Co.		132		5,403		0.0
Post Holdings, Inc.		27,725		2,574,821		10.1
Principal Financial Group, Inc.		60,162		4,758,814		18.7
Procter & Gamble Co.		16,424		2,580,867		10.1
Prudential Financial, Inc.		11,675		1,225,058		4.8
PulteGroup, Inc.		105,386		11,019,160		43.2
Pure Storage, Inc., Class A		13,091		523,509		2.1
QUALCOMM, Inc.		66,741		9,911,706		38.9
Qualys, Inc.		5,393		1,020,194		4.0
Ralph Lauren Corp., Class A		6,385		917,333		3.6
Regeneron Pharmaceuticals, Inc.		1,015		956,922		3.8
Regions Financial Corp.		7,532		140,622		0.6
Reinsurance Group of America, Inc.		14,220		2,472,716		9.7
Reliance Steel & Aluminum Co.		201		57,369		0.2
RH		5,463		1,384,761		5.4
Robert Half, Inc.		40,564		3,226,461		12.7
Rockwell Automation, Inc.		16,339		4,138,342		16.2
Roku, Inc., Class A		12,625		1,111,757		4.4
Royal Caribbean Cruises Ltd.		31,518		4,018,545		15.8
RPM International, Inc.		23,822		2,540,854		10.0
Ryder System, Inc.		8,744		993,056		3.9
S&P Global, Inc.		8,761		3,927,994		15.4
Sarepta Therapeutics, Inc.		1,928		229,413		0.9
SBA Communications Corp.		19,810		4,434,667		17.4
Schlumberger NV		28,442		1,385,125		5.4
SEI Investments Co.		9,620		608,369		2.4
Silicon Laboratories, Inc.		7,369		909,040		3.6
Smartsheet, Inc., Class A		611		27,477		0.1
Snap, Inc., Class A		33,395		530,647		2.1
Snap-on, Inc.		6,788		1,968,045		7.7
Spotify Technology SA		34,315		7,389,735		29.0
Stanley Black & Decker, Inc.		322		30,043		0.1
Steel Dynamics, Inc.		5,453		658,123		2.6
Summit Materials, Inc., Class A		54,780		1,981,940		7.8
Synchrony Financial		38,379		1,491,792		5.8
Synopsys, Inc.		3,323		1,772,322		6.9
Synovus Financial Corp.		13,235		498,430		2.0
Sysco Corp.		7,255		587,147		2.3
T Rowe Price Group, Inc.		71,198		7,721,423		30.3
Taylor Morrison Home Corp., Class A		42,936		2,238,683		8.8
TD SYNNEX Corp.		10,251		1,024,895		4.0
TE Connectivity Ltd.		34,935		4,967,408		19.5
Tenet Healthcare Corp.		9,982		825,911		3.2
Teradata Corp.		26,017		1,201,465		4.7
Teradyne, Inc.		53,234		5,141,872		20.2
Tetra Tech, Inc.		8,578		1,356,868		5.3
Toll Brothers, Inc.		66,777		6,634,295		26.0
Trex Co., Inc.		40,409		3,292,525		12.9
TriNet Group, Inc.		610		69,357		0.3
Truist Financial Corp.		8,420		312,045		1.2
UFP Industries, Inc.		6,899		782,692		3.1
UGI Corp.		25,543		565,522		2.2
UiPath, Inc., Class A		4		92		0.0
United Therapeutics Corp.		772		165,810		0.6
Universal Display Corp.		372		63,154		0.2

Security	Shares			Value			% of Basket Value
United States (continued)
Unum Group		17,410		$	841,599			3.3	%
Valero Energy Corp.		12,278			1,705,414			6.7
Valmont Industries, Inc.		512			115,564			0.5
Veeva Systems, Inc., Class A		18,062			3,746,239			14.7
VeriSign, Inc.		11,606			2,308,201			9.1
Verisk Analytics, Inc.		9,971			2,408,296			9.4
Vertex Pharmaceuticals, Inc.		4,412			1,912,073			7.5
Visa, Inc., Class A		43,139			11,788,163			46.2
Visteon Corp.		2,595			299,178			1.2
Vornado Realty Trust		2,938			79,884			0.3
Waste Connections, Inc.		8,492			1,318,468			5.2
Watsco, Inc.		148			57,865			0.2
Wayfair, Inc., Class A		44,943			2,258,386			8.9
West Pharmaceutical Services, Inc.		8,427			3,143,524			12.3
Western Digital Corp.		8,288			474,488			1.9
Westinghouse Air Brake Technologies Corp.		12,610			1,659,098			6.5
Westlake Corp.		16			2,214			0.0
Westrock Co.		12,669			510,054			2.0
Weyerhaeuser Co.		12,244			401,236			1.6
Workday, Inc., Class A		6,570			1,912,330			7.5
Workiva, Inc., Class A		28,255			2,626,020			10.3
Xylem, Inc./New York		7,246			814,740			3.2
Zillow Group, Inc., Class C		32,560			1,850,710			7.3
Zions Bancorp NA		231			9,679			0.0
Zoetis, Inc., Class A		16,921			3,177,933			12.5
Zoom Video Communications, Inc., Class A		1,313			84,833			0.3
Zscaler, Inc.		1,221			287,753			1.1
Zurn Elkay Water Solutions Corp.		1,272			37,715			0.1
					698,776,913
Total Reference Entity — Long				736,866,706
Reference Entity — Short
Common Stocks
Australia
ASX Ltd.		(43,760	)		(1,874,277	)		(7.4	)
CAR Group Ltd.		(2,563	)		(55,123	)		(0.2	)
Commonwealth Bank of Australia		(18,138	)		(1,385,392	)		(5.4	)
Endeavour Group Ltd.		(299,625	)		(1,099,163	)		(4.3	)
Goodman Group		(48,076	)		(799,325	)		(3.1	)
GPT Group		(86,228	)		(261,031	)		(1.0	)
IGO Ltd.		(16,054	)		(78,166	)		(0.3	)
Lottery Corp. Ltd.		(130,834	)		(430,699	)		(1.7	)
NEXTDC Ltd.		(66,027	)		(598,853	)		(2.4	)
Northern Star Resources Ltd.		(33,019	)		(283,678	)		(1.1	)
Qantas Airways Ltd.		(36,169	)		(130,614	)		(0.5	)
Santos Ltd.		(26,711	)		(135,221	)		(0.5	)
Treasury Wine Estates Ltd.		(180,309	)		(1,266,403	)		(5.0	)
Wesfarmers Ltd.		(103,371	)		(3,920,828	)		(15.4	)
Westpac Banking Corp.		(157,483	)		(2,474,967	)		(9.7	)
WiseTech Global Ltd.		(3,959	)		(186,718	)		(0.7	)
Woodside Energy Group Ltd.		(50,668	)		(1,061,518	)		(4.2	)
					(16,041,976	)
Bermuda
RenaissanceRe Holdings Ltd.		(28,577	)		(6,539,275	)		(25.6	)
Brazil
MercadoLibre, Inc.		(584	)		(999,697	)		(3.9	)
Canada
Ivanhoe Mines Ltd., Class A		(2,763	)		(28,995	)		(0.1	)

S C H E D U L E  O F   I N V E S T M E N T S 26

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
France
L’Oreal SA		(19,880	)	$	(9,579,090	)		(37.6	)%
Publicis Groupe SA		(10,850	)		(1,094,534	)		(4.3	)
Societe Generale SA		(3,040	)		(78,287	)		(0.3	)
Thales SA		(10,190	)		(1,500,954	)		(5.9	)
					(12,252,865	)
Israel
Global-e Online Ltd.		(8,478	)		(320,214	)		(1.3	)
Mobileye Global, Inc., Class A		(34,460	)		(891,136	)		(3.5	)
					(1,211,350	)
Japan
Aisin Corp.		(9,800	)		(363,726	)		(1.4	)
Ajinomoto Co., Inc.		(190,200	)		(7,765,370	)		(30.5	)
Bandai Namco Holdings, Inc.		(13,700	)		(296,640	)		(1.2	)
BayCurrent Consulting, Inc.		(6,400	)		(147,855	)		(0.6	)
Bridgestone Corp.		(38,500	)		(1,658,552	)		(6.5	)
Capcom Co. Ltd.		(1,700	)		(64,454	)		(0.3	)
Chubu Electric Power Co., Inc.		(12,100	)		(156,046	)		(0.6	)
Cosmos Pharmaceutical Corp.		(1,500	)		(160,190	)		(0.6	)
Dai Ichi Life Holdings, Inc.		(103,200	)		(2,250,449	)		(8.8	)
Daifuku Co. Ltd.		(2,000	)		(39,201	)		(0.2	)
Daikin Industries Ltd.		(15,000	)		(2,389,717	)		(9.4	)
Daiwa House Industry Co. Ltd.		(1,400	)		(43,033	)		(0.2	)
FANUC Corp.		(21,800	)		(599,175	)		(2.4	)
Fujikura Ltd.		(12,900	)		(105,546	)		(0.4	)
Fukuoka Financial Group, Inc.		(3,400	)		(83,096	)		(0.3	)
GLP J-REIT		(63	)		(56,248	)		(0.2	)
Hamamatsu Photonics KK		(10,500	)		(412,920	)		(1.6	)
Harmonic Drive Systems, Inc.		(2,300	)		(55,375	)		(0.2	)
Hitachi Ltd.		(6,800	)		(531,040	)		(2.1	)
Ibiden Co. Ltd.		(21,100	)		(1,055,035	)		(4.1	)
Japan Airport Terminal Co. Ltd.		(4,500	)		(177,619	)		(0.7	)
Japan Petroleum Exploration Co. Ltd.		(3,800	)		(153,687	)		(0.6	)
Japan Post Bank Co. Ltd.		(37,800	)		(392,814	)		(1.5	)
Jeol Ltd.		(4,800	)		(218,405	)		(0.9	)
JSR Corp.		(6,900	)		(187,079	)		(0.7	)
Kawasaki Heavy Industries Ltd.		(1,400	)		(31,512	)		(0.1	)
Kawasaki Kisen Kaisha Ltd.		(136,839	)		(6,627,599	)		(26.0	)
KDDI Corp.		(38,300	)		(1,261,533	)		(5.0	)
Keisei Electric Railway Co. Ltd.		(3,700	)		(166,382	)		(0.7	)
Keyence Corp.		(1,000	)		(444,902	)		(1.7	)
Kikkoman Corp.		(1,600	)		(97,832	)		(0.4	)
Kobe Steel Ltd.		(17,500	)		(240,242	)		(0.9	)
Koei Tecmo Holdings Co. Ltd.		(4,100	)		(50,776	)		(0.2	)
Kyoto Financial Group, Inc.		(5,200	)		(85,936	)		(0.3	)
Lasertec Corp.		(1,500	)		(388,248	)		(1.5	)
Macnica Holdings, Inc.		(7,600	)		(399,559	)		(1.6	)
Mercari, Inc.		(69,100	)		(1,137,004	)		(4.5	)
MinebeaMitsumi, Inc.		(128,300	)		(2,638,648	)		(10.4	)
MISUMI Group, Inc.		(55,300	)		(942,922	)		(3.7	)
Mitsubishi Gas Chemical Co., Inc.		(1,700	)		(27,596	)		(0.1	)
Mitsubishi Heavy Industries Ltd.		(17,700	)		(1,173,943	)		(4.6	)
Mitsubishi Motors Corp.		(220,500	)		(690,740	)		(2.7	)
Mitsui Chemicals Inc.		(8,700	)		(254,493	)		(1.0	)
Mitsui OSK Lines Ltd.		(84,200	)		(3,007,022	)		(11.8	)
Nippon Sanso Holdings Corp.		(8,500	)		(214,095	)		(0.8	)
Nippon Yusen KK		(146,700	)		(5,026,024	)		(19.7	)
Nissan Chemical Corp.		(71,000	)		(2,816,059	)		(11.0	)
Niterra Co. Ltd.		(34,500	)		(923,582	)		(3.6	)
Nitori Holdings Co. Ltd.		(14,900	)		(1,939,161	)		(7.6	)

Security	Shares			Value			% of Basket Value
Japan (continued)
Open House Group Co. Ltd.		(2,100	)	$	(65,416	)		(0.3	)%
Osaka Gas Co. Ltd.		(24,000	)		(502,387	)		(2.0	)
Rohto Pharmaceutical Co. Ltd.		(7,800	)		(158,663	)		(0.6	)
Sanrio Co. Ltd.		(7,700	)		(319,756	)		(1.3	)
Secom Co. Ltd.		(6,400	)		(461,670	)		(1.8	)
Seven & i Holdings Co. Ltd.		(84,500	)		(3,319,068	)		(13.0	)
SG Holdings Co. Ltd.		(15,100	)		(194,325	)		(0.8	)
Sharp Corp.		(3,900	)		(26,124	)		(0.1	)
Shimamura Co. Ltd.		(900	)		(98,140	)		(0.4	)
Shimano, Inc.		(200	)		(28,541	)		(0.1	)
Shin-Etsu Chemical Co. Ltd.		(20,000	)		(782,555	)		(3.1	)
Shionogi & Co. Ltd.		(40,300	)		(1,924,386	)		(7.5	)
SMC Corp.		(8,700	)		(4,813,435	)		(18.9	)
Socionext, Inc.		(138,700	)		(3,161,305	)		(12.4	)
Sony Group Corp.		(33,200	)		(3,239,692	)		(12.7	)
Square Enix Holdings Co. Ltd.		(21,300	)		(827,577	)		(3.2	)
SUMCO Corp.		(103,700	)		(1,561,909	)		(6.1	)
Suzuki Motor Corp.		(18,600	)		(830,618	)		(3.3	)
Sysmex Corp.		(6,700	)		(360,852	)		(1.4	)
Taiyo Yuden Co. Ltd.		(17,600	)		(422,519	)		(1.7	)
TDK Corp.		(82,100	)		(4,060,364	)		(15.9	)
Terumo Corp.		(23,500	)		(791,859	)		(3.1	)
Tokyo Electric Power Co.Holdings, Inc.		(163,200	)		(863,801	)		(3.4	)
Tokyo Seimitsu Co. Ltd.		(1,228	)		(79,051	)		(0.3	)
TOTO Ltd.		(1,500	)		(40,362	)		(0.2	)
Toyo Suisan Kaisha Ltd.		(5,300	)		(274,276	)		(1.1	)
Toyota Industries Corp.		(12,400	)		(1,042,508	)		(4.1	)
Toyota Motor Corp.		(172,700	)		(3,427,880	)		(13.4	)
Ulvac, Inc.		(12,232	)		(595,241	)		(2.3	)
Yamaha Corp.		(5,000	)		(109,291	)		(0.4	)
Yamato Holdings Co. Ltd.		(7,500	)		(128,864	)		(0.5	)
Yaskawa Electric Corp.		(42,500	)		(1,591,580	)		(6.2	)
Zensho Holdings Co. Ltd.		(22,300	)		(1,085,244	)		(4.3	)
					(87,138,341	)
Norway
Mowi ASA		(4,579	)		(82,442	)		(0.3	)
Seadrill Ltd.		(665	)		(28,741	)		(0.1	)
					(111,183	)
Sweden
Autoliv, Inc.		(891	)		(95,444	)		(0.4	)
Switzerland
Clariant AG, Class N		(5,028	)		(63,919	)		(0.3	)
On Holding AG, Class A		(12,964	)		(344,324	)		(1.3	)
Sandoz Group AG		(25,678	)		(874,786	)		(3.4	)
					(1,283,029	)
Thailand
Fabrinet		(230	)		(49,107	)		(0.2	)
United Kingdom
Entain PLC		(451,882	)		(5,519,488	)		(21.6	)
Schroders PLC		(87,698	)		(450,008	)		(1.8	)
					(5,969,496	)
United States
10X Genomics, Inc., Class A		(1,088	)		(45,337	)		(0.2	)
AAON, Inc.		(7,090	)		(497,434	)		(2.0	)
Acadia Healthcare Co., Inc.		(475	)		(39,016	)		(0.2	)
Accenture PLC, Class A		(10,359	)		(3,769,433	)		(14.8	)
Advance Auto Parts, Inc.		(663	)		(44,322	)		(0.2	)

27  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Advanced Micro Devices, Inc.		(54,692	)	$	(9,171,301	)		(36.0	)%
Aflac, Inc.		(122,904	)		(10,365,723	)		(40.7	)
Agree Realty Corp.		(72,570	)		(4,325,898	)		(17.0	)
Air Lease Corp., Class A		(3,195	)		(133,583	)		(0.5	)
Air Products and Chemicals, Inc.		(11,908	)		(3,044,995	)		(11.9	)
Airbnb, Inc., Class A		(10,683	)		(1,539,848	)		(6.0	)
Albemarle Corp.		(29,093	)		(3,338,131	)		(13.1	)
Alexandria Real Estate Equities, Inc.		(3,464	)		(418,798	)		(1.6	)
Alight, Inc., Class A		(13,026	)		(116,192	)		(0.5	)
Allison Transmission Holdings, Inc.		(9,043	)		(547,463	)		(2.1	)
Ally Financial, Inc.		(8,696	)		(318,969	)		(1.3	)
Alpha Metallurgical Resources, Inc.		(2,442	)		(974,944	)		(3.8	)
Ameren Corp.		(39,131	)		(2,722,344	)		(10.7	)
American Electric Power Co., Inc.		(22,545	)		(1,761,666	)		(6.9	)
American Express Co.		(1,079	)		(216,598	)		(0.8	)
Amkor Technology, Inc.		(6,045	)		(191,385	)		(0.8	)
Amphenol Corp., Class A		(16,390	)		(1,657,029	)		(6.5	)
Antero Midstream Corp.		(91,896	)		(1,124,807	)		(4.4	)
Apellis Pharmaceuticals, Inc.		(7,266	)		(459,865	)		(1.8	)
API Group Corp.		(77,797	)		(2,452,161	)		(9.6	)
Apollo Global Management, Inc.		(14,096	)		(1,415,238	)		(5.6	)
Apple Hospitality REIT, Inc.		(36,764	)		(590,430	)		(2.3	)
Applied Industrial Technologies, Inc.		(1,120	)		(197,635	)		(0.8	)
Aptiv PLC		(49,699	)		(4,042,020	)		(15.9	)
Aramark		(111,619	)		(3,245,881	)		(12.7	)
Asana, Inc., Class A		(1,854	)		(32,297	)		(0.1	)
Aspen Technology, Inc.		(763	)		(146,488	)		(0.6	)
Assurant, Inc.		(4,843	)		(813,382	)		(3.2	)
ATI, Inc.		(31,586	)		(1,290,920	)		(5.1	)
Avantor, Inc.		(1,308	)		(30,071	)		(0.1	)
Avery Dennison Corp.		(5,026	)		(1,002,436	)		(3.9	)
Avis Budget Group, Inc.		(12,917	)		(2,114,642	)		(8.3	)
Ball Corp.		(1,206	)		(66,873	)		(0.3	)
Bath & Body Works, Inc.		(974	)		(41,551	)		(0.2	)
Baxter International, Inc.		(1,887	)		(73,008	)		(0.3	)
Berry Global Group, Inc.		(194	)		(12,699	)		(0.0	)
Bill Holdings, Inc.		(7,152	)		(558,214	)		(2.2	)
BJ’s Wholesale Club Holdings, Inc.		(22,172	)		(1,426,546	)		(5.6	)
Boeing Co.		(7,457	)		(1,573,725	)		(6.2	)
BorgWarner, Inc.		(60,990	)		(2,067,561	)		(8.1	)
Boston Scientific Corp.		(18,065	)		(1,142,792	)		(4.5	)
Bright Horizons Family Solutions, Inc.		(796	)		(78,207	)		(0.3	)
Broadcom, Inc.		(5,220	)		(6,159,600	)		(24.2	)
Brown-Forman Corp., Class B		(6,702	)		(367,940	)		(1.4	)
Brunswick Corp.		(4,272	)		(344,665	)		(1.4	)
Burlington Stores, Inc.		(20,575	)		(3,932,911	)		(15.4	)
BWX Technologies, Inc.		(28,489	)		(2,321,284	)		(9.1	)
Cadence Bank		(2,752	)		(73,258	)		(0.3	)
Campbell Soup Co.		(58,037	)		(2,590,191	)		(10.2	)
Carvana Co., Class A		(6,295	)		(271,063	)		(1.1	)
Casey’s General Stores, Inc.		(2,407	)		(653,164	)		(2.6	)
Catalent, Inc.		(40,082	)		(2,069,834	)		(8.1	)
Cava Group, Inc.		(29,139	)		(1,363,705	)		(5.3	)
Cboe Global Markets, Inc.		(8,741	)		(1,607,033	)		(6.3	)
Celanese Corp., Class A		(3,267	)		(477,929	)		(1.9	)
Celsius Holdings, Inc.		(8,382	)		(418,262	)		(1.6	)
CF Industries Holdings, Inc.		(29,307	)		(2,212,972	)		(8.7	)
Charles Schwab Corp.		(63,369	)		(3,987,177	)		(15.6	)
Chart Industries, Inc.		(1,209	)		(141,114	)		(0.6	)
Chemours Co.		(1,738	)		(52,435	)		(0.2	)
Cheniere Energy, Inc.		(13,376	)		(2,193,530	)		(8.6	)
Chesapeake Energy Corp.		(13,030	)		(1,004,743	)		(3.9	)

Security	Shares			Value			% of Basket Value
United States (continued)
Chewy, Inc., Class A		(26,872	)	$	(478,859	)		(1.9	)%
Chipotle Mexican Grill, Inc.		(2,689	)		(6,477,183	)		(25.4	)
Chord Energy Corp.		(13,178	)		(2,026,249	)		(7.9	)
Chubb Ltd.		(56,931	)		(13,948,095	)		(54.7	)
Churchill Downs, Inc.		(7,543	)		(912,477	)		(3.6	)
Cisco Systems, Inc.		(383,650	)		(19,251,557	)		(75.5	)
Coca-Cola Consolidated, Inc.		(404	)		(348,002	)		(1.4	)
Coherent Corp.		(278	)		(13,216	)		(0.1	)
Columbia Sportswear Co.		(750	)		(59,445	)		(0.2	)
Commerce Bancshares, Inc.		(5,525	)		(287,963	)		(1.1	)
Commercial Metals Co.		(8,198	)		(428,100	)		(1.7	)
Conagra Brands, Inc.		(26,812	)		(781,570	)		(3.1	)
Concentrix Corp.		(1,192	)		(105,933	)		(0.4	)
Confluent, Inc., Class A		(14,109	)		(315,477	)		(1.2	)
Consolidated Edison, Inc.		(3,298	)		(299,788	)		(1.2	)
Constellation Energy Corp.		(13,134	)		(1,602,348	)		(6.3	)
Cooper Cos., Inc.		(198	)		(73,860	)		(0.3	)
Core & Main, Inc., Class A		(24,654	)		(1,018,457	)		(4.0	)
Corteva, Inc.		(3,873	)		(176,144	)		(0.7	)
CoStar Group, Inc.		(55,335	)		(4,619,366	)		(18.1	)
Crane Co.		(16,662	)		(2,067,921	)		(8.1	)
Crocs, Inc.		(6,909	)		(701,125	)		(2.7	)
Crown Castle, Inc.		(16,086	)		(1,741,309	)		(6.8	)
Crown Holdings, Inc.		(3,205	)		(283,642	)		(1.1	)
Cummins, Inc.		(13,602	)		(3,254,959	)		(12.8	)
CVS Health Corp.		(67,702	)		(5,034,998	)		(19.7	)
Danaher Corp.		(854	)		(204,883	)		(0.8	)
Darling Ingredients, Inc.		(15,075	)		(652,747	)		(2.6	)
Diamondback Energy, Inc.		(10,163	)		(1,562,460	)		(6.1	)
Dick’s Sporting Goods, Inc.		(25,035	)		(3,731,967	)		(14.6	)
Digital Realty Trust, Inc.		(8,973	)		(1,260,348	)		(4.9	)
Dillard’s, Inc., Class A		(143	)		(55,380	)		(0.2	)
Discover Financial Services		(13,480	)		(1,422,410	)		(5.6	)
Dollar General Corp.		(15,005	)		(1,981,710	)		(7.8	)
Dollar Tree, Inc.		(15,268	)		(1,994,306	)		(7.8	)
Dominion Energy, Inc.		(71,937	)		(3,288,960	)		(12.9	)
DoorDash, Inc., Class A		(11,824	)		(1,232,061	)		(4.8	)
Duke Energy Corp.		(44,282	)		(4,243,544	)		(16.6	)
Duolingo, Inc., Class A		(5,691	)		(1,018,063	)		(4.0	)
Dutch Bros, Inc., Class A		(13,344	)		(358,286	)		(1.4	)
Dynatrace, Inc.		(595	)		(33,915	)		(0.1	)
East West Bancorp, Inc.		(542	)		(39,463	)		(0.2	)
elf Beauty, Inc.		(11,878	)		(1,894,897	)		(7.4	)
Endeavor Group Holdings, Inc., Class A		(5,797	)		(143,476	)		(0.6	)
Entegris, Inc.		(3,095	)		(364,281	)		(1.4	)
EQT Corp.		(98,379	)		(3,482,617	)		(13.7	)
Equifax, Inc.		(5,931	)		(1,449,181	)		(5.7	)
Equitable Holdings, Inc.		(2,801	)		(91,565	)		(0.4	)
Erie Indemnity Co., Class A		(38	)		(13,142	)		(0.1	)
Estee Lauder Cos., Inc., Class A		(22,241	)		(2,935,590	)		(11.5	)
Everest Group Ltd.		(339	)		(130,505	)		(0.5	)
Evergy, Inc.		(37,280	)		(1,892,706	)		(7.4	)
Eversource Energy		(20,249	)		(1,097,901	)		(4.3	)
Exelon Corp.		(14,878	)		(517,903	)		(2.0	)
Experian PLC		(5,531	)		(230,378	)		(0.9	)
Extra Space Storage, Inc.		(24,482	)		(3,536,180	)		(13.9	)
Fifth Third Bancorp		(153,014	)		(5,239,199	)		(20.5	)
FirstEnergy Corp.		(15,769	)		(578,407	)		(2.3	)
Five9, Inc.		(7,129	)		(540,806	)		(2.1	)
FleetCor Technologies, Inc.		(4,086	)		(1,184,654	)		(4.6	)
Floor & Decor Holdings, Inc., Class A		(9,752	)		(980,661	)		(3.8	)
FMC Corp.		(37,522	)		(2,108,736	)		(8.3	)

S C H E D U L E  O F   I N V E S T M E N T S 28

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Fortive Corp.		(16,252	)	$	(1,270,581	)		(5.0	)%
Freeport-McMoRan, Inc.		(149,771	)		(5,944,411	)		(23.3	)
Gaming and Leisure Properties, Inc.		(5,103	)		(232,952	)		(0.9	)
Garmin Ltd.		(615	)		(73,486	)		(0.3	)
GE HealthCare, Inc.		(114,731	)		(8,416,666	)		(33.0	)
Gen Digital, Inc.		(7,856	)		(184,459	)		(0.7	)
Genuine Parts Co.		(21,097	)		(2,958,432	)		(11.6	)
Glacier Bancorp, Inc.		(25,001	)		(966,539	)		(3.8	)
Global Payments, Inc.		(7,603	)		(1,012,948	)		(4.0	)
Globant SA		(1,406	)		(331,549	)		(1.3	)
Globus Medical, Inc., Class A		(12,589	)		(664,573	)		(2.6	)
Goldman Sachs Group, Inc.		(9,646	)		(3,704,160	)		(14.5	)
Graphic Packaging Holding Co.		(233,927	)		(5,967,478	)		(23.4	)
Hasbro, Inc.		(31,357	)		(1,534,925	)		(6.0	)
HealthEquity, Inc.		(18,310	)		(1,383,870	)		(5.4	)
Hilton Worldwide Holdings, Inc.		(6,970	)		(1,330,991	)		(5.2	)
Howmet Aerospace, Inc.		(75,446	)		(4,244,592	)		(16.6	)
Humana, Inc.		(166	)		(62,758	)		(0.2	)
Hyatt Hotels Corp., Class A		(22,891	)		(2,938,518	)		(11.5	)
Immunovant, Inc.		(5,548	)		(202,003	)		(0.8	)
Ingersoll Rand, Inc.		(10,988	)		(877,502	)		(3.4	)
Insight Enterprises, Inc.		(6,993	)		(1,291,887	)		(5.1	)
Inspire Medical Systems, Inc.		(21,139	)		(4,457,581	)		(17.5	)
Interactive Brokers Group, Inc., Class A		(6,014	)		(533,742	)		(2.1	)
Intercontinental Exchange, Inc.		(238	)		(30,305	)		(0.1	)
International Business Machines Corp.		(77,789	)		(14,286,728	)		(56.0	)
International Flavors & Fragrances, Inc.		(18,937	)		(1,527,837	)		(6.0	)
Interpublic Group of Cos., Inc.		(1,151	)		(37,971	)		(0.1	)
Intra-Cellular Therapies, Inc.		(3,773	)		(254,074	)		(1.0	)
Intuit, Inc.		(1,637	)		(1,033,487	)		(4.1	)
J M Smucker Co.		(4,981	)		(655,251	)		(2.6	)
Jabil, Inc.		(12,597	)		(1,578,278	)		(6.2	)
Johnson & Johnson		(24,249	)		(3,853,166	)		(15.1	)
Johnson Controls International PLC		(20,493	)		(1,079,776	)		(4.2	)
KBR, Inc.		(6,041	)		(314,797	)		(1.2	)
Kenvue, Inc.		(230,541	)		(4,786,031	)		(18.8	)
Keurig Dr. Pepper, Inc.		(120,690	)		(3,794,494	)		(14.9	)
Kinsale Capital Group, Inc.		(2,079	)		(826,548	)		(3.2	)
KKR & Co., Inc., Class A		(2,990	)		(258,874	)		(1.0	)
Knight-Swift Transportation Holdings, Inc.		(126	)		(7,230	)		(0.0	)
Kraft Heinz Co.		(318,269	)		(11,817,328	)		(46.3	)
Kroger Co.		(21,448	)		(989,611	)		(3.9	)
L3Harris Technologies, Inc.		(45,182	)		(9,416,832	)		(36.9	)
Laboratory Corp. of America Holdings		(6,587	)		(1,464,290	)		(5.7	)
Lamb Weston Holdings, Inc.		(6,239	)		(639,123	)		(2.5	)
Lantheus Holdings, Inc.		(4,530	)		(235,243	)		(0.9	)
Las Vegas Sands Corp.		(29,580	)		(1,447,054	)		(5.7	)
Levi Strauss & Co., Class A		(4,923	)		(80,146	)		(0.3	)
Lincoln Electric Holdings, Inc.		(2,930	)		(651,105	)		(2.6	)
Linde PLC		(4,274	)		(1,730,243	)		(6.8	)
LKQ Corp.		(5,299	)		(247,304	)		(1.0	)
Loews Corp.		(32,597	)		(2,375,017	)		(9.3	)
LPL Financial Holdings, Inc.		(2,264	)		(541,526	)		(2.1	)
Madison Square Garden Sports Corp., Class A		(5,286	)		(978,439	)		(3.8	)
Marathon Digital Holdings, Inc.		(101,119	)		(1,792,840	)		(7.0	)
Markel Group, Inc.		(4,829	)		(7,231,089	)		(28.4	)
MarketAxess Holdings, Inc.		(9,948	)		(2,243,373	)		(8.8	)
Marriott International, Inc., Class A		(5,138	)		(1,231,733	)		(4.8	)
Marvell Technology, Inc.		(74,192	)		(5,022,798	)		(19.7	)
Masimo Corp.		(10,705	)		(1,380,303	)		(5.4	)
Matador Resources Co.		(4,075	)		(223,677	)		(0.9	)
Match Group, Inc.		(40,045	)		(1,536,927	)		(6.0	)

Security	Shares			Value			% of Basket Value
United States (continued)
Mattel, Inc.		(17,447	)	$	(312,127	)		(1.2	)%
McDonald’s Corp.		(3,226	)		(944,315	)		(3.7	)
Microchip Technology, Inc.		(42,822	)		(3,647,578	)		(14.3	)
Mid-America Apartment Communities, Inc.		(26,878	)		(3,396,842	)		(13.3	)
MKS Instruments, Inc.		(297	)		(31,616	)		(0.1	)
Morgan Stanley		(68,579	)		(5,982,832	)		(23.5	)
Mueller Industries, Inc.		(13,386	)		(642,528	)		(2.5	)
Murphy Oil Corp.		(1,613	)		(62,423	)		(0.2	)
National Storage Affiliates Trust		(576	)		(21,514	)		(0.1	)
New Fortress Energy, Inc., Class A		(16,896	)		(561,454	)		(2.2	)
NextEra Energy, Inc.		(165,240	)		(9,688,021	)		(38.0	)
Norfolk Southern Corp.		(18,161	)		(4,272,194	)		(16.8	)
Norwegian Cruise Line Holdings Ltd.		(29,491	)		(524,940	)		(2.1	)
nVent Electric PLC		(19,741	)		(1,185,250	)		(4.6	)
Occidental Petroleum Corp.		(30,068	)		(1,731,015	)		(6.8	)
Okta, Inc., Class A		(2,580	)		(213,237	)		(0.8	)
Omega Healthcare Investors, Inc.		(229,406	)		(6,652,774	)		(26.1	)
Omnicom Group, Inc.		(45,602	)		(4,121,509	)		(16.2	)
Onto Innovation, Inc.		(2,830	)		(457,045	)		(1.8	)
Option Care Health, Inc.		(36,127	)		(1,128,607	)		(4.4	)
Organon & Co.		(9,074	)		(151,082	)		(0.6	)
Parsons Corp.		(4,035	)		(262,880	)		(1.0	)
Paycom Software, Inc.		(1,011	)		(192,333	)		(0.8	)
PayPal Holdings, Inc.		(24,902	)		(1,527,738	)		(6.0	)
PepsiCo, Inc.		(3,535	)		(595,754	)		(2.3	)
Performance Food Group Co.		(1,639	)		(119,123	)		(0.5	)
Permian Resources Corp., Class A		(624,278	)		(8,415,267	)		(33.0	)
PG&E Corp.		(399,679	)		(6,742,585	)		(26.4	)
Philip Morris International, Inc.		(106,845	)		(9,706,868	)		(38.1	)
Phillips 66		(10,695	)		(1,543,395	)		(6.1	)
Pinnacle Financial Partners, Inc.		(4,891	)		(432,267	)		(1.7	)
Planet Fitness, Inc., Class A		(51,690	)		(3,502,514	)		(13.7	)
PNC Financial Services Group, Inc.		(11,739	)		(1,775,054	)		(7.0	)
Polaris, Inc.		(6,820	)		(613,527	)		(2.4	)
Primerica, Inc.		(2,711	)		(634,808	)		(2.5	)
Procore Technologies, Inc.		(10,569	)		(754,521	)		(3.0	)
Progressive Corp.		(16,085	)		(2,867,151	)		(11.2	)
Prosperity Bancshares, Inc.		(572	)		(36,557	)		(0.1	)
PTC, Inc.		(23,390	)		(4,225,403	)		(16.6	)
Quanta Services, Inc.		(29,132	)		(5,653,065	)		(22.2	)
Quest Diagnostics, Inc.		(19,199	)		(2,465,728	)		(9.7	)
Rambus, Inc.		(8,778	)		(601,556	)		(2.4	)
Raymond James Financial, Inc.		(1,084	)		(119,435	)		(0.5	)
RBC Bearings, Inc.		(4,447	)		(1,194,197	)		(4.7	)
Republic Services, Inc.		(178	)		(30,459	)		(0.1	)
Revvity, Inc.		(8,683	)		(930,644	)		(3.7	)
Robinhood Markets, Inc., Class A		(2,145	)		(23,037	)		(0.1	)
Roivant Sciences Ltd.		(58,229	)		(582,290	)		(2.3	)
Ross Stores, Inc.		(26,835	)		(3,764,414	)		(14.8	)
RTX Corp.		(78,098	)		(7,116,290	)		(27.9	)
Ryan Specialty Holdings, Inc., Class A		(9,555	)		(413,923	)		(1.6	)
Ryman Hospitality Properties, Inc.		(400	)		(43,960	)		(0.2	)
Science Applications International Corp.		(2,835	)		(361,916	)		(1.4	)
Seagate Technology Holdings PLC		(6,221	)		(533,015	)		(2.1	)
SeaWorld Entertainment, Inc.		(753	)		(37,198	)		(0.1	)
Selective Insurance Group, Inc.		(3,510	)		(368,059	)		(1.4	)
SharkNinja, Inc.		(80,120	)		(3,743,206	)		(14.7	)
Sherwin-Williams Co.		(221	)		(67,268	)		(0.3	)
Shift4 Payments, Inc., Class A		(20,294	)		(1,457,312	)		(5.7	)
Shockwave Medical, Inc.		(2,028	)		(458,835	)		(1.8	)
Simpson Manufacturing Co., Inc.		(155	)		(28,053	)		(0.1	)
SLM Corp.		(2,070	)		(41,152	)		(0.2	)

29  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Snowflake, Inc., Class A		(5,501	)	$	(1,076,216	)		(4.2	)%
SolarEdge Technologies, Inc.		(4,602	)		(306,033	)		(1.2	)
Southern Co.		(9,404	)		(653,766	)		(2.6	)
SouthState Corp.		(68,412	)		(5,685,037	)		(22.3	)
STAG Industrial, Inc.		(2,748	)		(101,511	)		(0.4	)
Starbucks Corp.		(12,263	)		(1,140,827	)		(4.5	)
State Street Corp.		(3,941	)		(291,122	)		(1.1	)
Stifel Financial Corp.		(819	)		(59,746	)		(0.2	)
Sun Communities, Inc.		(4,759	)		(596,541	)		(2.3	)
Super Micro Computer, Inc.		(12,562	)		(6,652,961	)		(26.1	)
Swiss Re AG		(38,886	)		(4,424,321	)		(17.4	)
Take-Two Interactive Software, Inc.		(18,049	)		(2,976,822	)		(11.7	)
Tapestry, Inc.		(12,241	)		(474,828	)		(1.9	)
Target Corp.		(3,565	)		(495,820	)		(1.9	)
Teledyne Technologies, Inc.		(568	)		(237,691	)		(0.9	)
Teleflex, Inc.		(6,789	)		(1,648,573	)		(6.5	)
Tenable Holdings, Inc.		(24,965	)		(1,175,851	)		(4.6	)
Tesla, Inc.		(4,153	)		(777,815	)		(3.1	)
Texas Instruments, Inc.		(20,336	)		(3,256,200	)		(12.8	)
Texas Pacific Land Corp.		(118	)		(172,437	)		(0.7	)
Thor Industries, Inc.		(652	)		(73,689	)		(0.3	)
TKO Group Holdings, Inc., Class A		(28,457	)		(2,381,566	)		(9.3	)
Toro Co.		(7,613	)		(704,050	)		(2.8	)
Tradeweb Markets, Inc., Class A		(26,557	)		(2,533,272	)		(9.9	)
Trimble, Inc.		(4,208	)		(214,019	)		(0.8	)
U.S. Bancorp		(150,888	)		(6,267,888	)		(24.6	)
UDR, Inc.		(40,408	)		(1,455,496	)		(5.7	)
U-Haul Holding Co.		(5,006	)		(319,733	)		(1.3	)
Union Pacific Corp.		(6,491	)		(1,583,350	)		(6.2	)
United Bankshares, Inc.		(36,129	)		(1,295,225	)		(5.1	)
United Rentals, Inc.		(14,795	)		(9,252,793	)		(36.3	)
UnitedHealth Group, Inc.		(14,577	)		(7,459,634	)		(29.3	)
Universal Health Services, Inc., Class B		(718	)		(114,026	)		(0.4	)
Valaris Ltd.		(20,499	)		(1,268,273	)		(5.0	)
Valley National Bancorp		(45,055	)		(433,429	)		(1.7	)
Ventas, Inc.		(36,441	)		(1,690,498	)		(6.6	)
Veralto Corp.		(70,057	)		(5,372,671	)		(21.1	)
VICI Properties, Inc.		(39,435	)		(1,187,782	)		(4.7	)
Vontier Corp.		(249	)		(8,613	)		(0.0	)
Voya Financial, Inc.		(28,127	)		(2,035,551	)		(8.0	)
W.R. Berkley Corp.		(376	)		(30,787	)		(0.1	)
Walgreens Boots Alliance, Inc.		(243,109	)		(5,486,970	)		(21.5	)
Webster Financial Corp.		(10,665	)		(527,704	)		(2.1	)
Welltower, Inc.		(16,513	)		(1,428,540	)		(5.6	)
Western Alliance Bancorp		(1,196	)		(76,496	)		(0.3	)
Whirlpool Corp.		(1,276	)		(139,748	)		(0.5	)
Wolfspeed, Inc.		(6,612	)		(215,221	)		(0.8	)
WP Carey, Inc.		(132,077	)		(8,183,491	)		(32.1	)
Wyndham Hotels & Resorts, Inc.		(26,979	)		(2,102,473	)		(8.2	)
Wynn Resorts Ltd.		(29,133	)		(2,751,029	)		(10.8	)
Xcel Energy, Inc.		(5,448	)		(326,172	)		(1.3	)
XPO, Inc.		(3,564	)		(304,508	)		(1.2	)
Zebra Technologies Corp., Class A		(2,200	)		(527,010	)		(2.1	)
ZoomInfo Technologies, Inc., CLass A		(31,737	)		(509,061	)		(2.0	)
					(579,647,996	)
Total Reference Entity — Short					(711,368,754	)
Net Value of Reference Entity — Barclays Bank PLC				$	25,497,952

The following table represents the individual long positions and related values of the equity securities underlying the total return swap with Barclays Bank PLC as of period end, termination dates 11/11/24 — 12/24/24:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
Adbri Ltd.		366,630	$	730,856		(944.7	)%
IRESS Ltd.		325,492		1,731,372		(2,238.1	)
Magellan Financial Group Ltd.		147,637		866,880		(1,120.6	)
Metcash Ltd.		67,093		159,820		(206.6	)
SmartGroup Corp. Ltd.		39,890		252,144		(325.9	)
				3,741,072
Belgium
Etablissements Franz Colruyt NV		80,012		3,682,474		(4,760.1	)
Fagron		9,562		173,425		(224.2	)
				3,855,899
Canada
AbCellera Biologics, Inc.		129,279		660,616		(853.9	)
ADENTRA, Inc.		4,087		96,057		(124.2	)
Birchcliff Energy Ltd.		1,369,776		5,183,138		(6,699.9	)
Canada Goose Holdings, Inc.		30,914		369,634		(477.8	)
Canadian Solar, Inc.		2,058		45,482		(58.8	)
CI Financial Corp.		27,419		333,484		(431.1	)
Extendicare, Inc.		3,690		19,377		(25.1	)
First Majestic Silver Corp.		82,650		382,406		(494.3	)
International Petroleum Corp.		54,007		592,901		(766.4	)
InterRent Real Estate Investment Trust		102		1,019		(1.3	)
Paramount Resources Ltd., Class A		2,600		51,112		(66.1	)
Torex Gold Resources, Inc.		61,571		631,196		(815.9	)
Wajax Corp.		1,210		28,576		(36.9	)
				8,394,998
France
ARGAN SA		8,514		759,434		(981.7	)
Elior Group SA		101,727		296,074		(382.7	)
Eramet SA		1,180		81,406		(105.2	)
SPIE SA		85,074		2,832,556		(3,661.5	)
				3,969,470
Iraq
Gulf Keystone Petroleum Ltd.		49,218		65,378		(84.5	)
Ireland
Cimpress PLC		22,542		1,695,609		(2,191.8	)
Italy
Ferrari NV		15,103		5,224,430		(6,753.3	)
Japan
Aica Kogyo Co. Ltd.		4,700		108,628		(140.4	)
Benefit One, Inc.		113,000		1,603,698		(2,073.0	)
Cellebrite Di Ltd.		115,759		1,046,461		(1,352.7	)
Earth Corp.		15,300		467,702		(604.6	)
Fujitsu General Ltd.		54,800		798,694		(1,032.4	)
Furuno Electric Co. Ltd.		6,400		91,776		(118.6	)
Hakuhodo DY Holdings, Inc.		214,900		1,641,680		(2,122.1	)
Hitachi Zosen Corp.		66,400		407,878		(527.2	)
Hosokawa Micron Corp.		2,800		86,831		(112.2	)
Hulic REIT, Inc.		1,133		1,186,399		(1,533.6	)
INFRONEER Holdings, Inc.		248,000		2,577,531		(3,331.8	)

S C H E D U L E  O F   I N V E S T M E N T S 30

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Japan (continued)
Iwatani Corp.		8,700	$	386,656		(499.8	)%
Kanamoto Co. Ltd.		3,800		72,259		(93.4	)
Keikyu Corp.		58,400		507,017		(655.4	)
Kusuri no Aoki Holdings Co. Ltd.		17,600		378,328		(489.0	)
Kyushu Financial Group, Inc.		94,700		599,352		(774.8	)
Medipal Holdings Corp.		24,700		391,879		(506.6	)
Nabtesco Corp.		58,500		1,117,872		(1,445.0	)
Nextage Co. Ltd.		7,600		114,029		(147.4	)
Nichiha Corp.		15,100		301,549		(389.8	)
Nippon Shokubai Co. Ltd.		56,000		2,094,585		(2,707.5	)
Nishimoto Co. Ltd.		1,100		46,076		(59.6	)
OBIC Business Consultants Co. Ltd.		2,400		115,583		(149.4	)
Optorun Co. Ltd.		14,800		169,959		(219.7	)
Pasona Group, Inc.		14,600		264,678		(342.1	)
Persol Holdings Co. Ltd.		2,999,700		4,741,543		(6,129.1	)
Pola Orbis Holdings, Inc.		53,600		551,725		(713.2	)
RENOVA, Inc.		28,200		240,904		(311.4	)
Sakata INX Corp.		2,900		27,819		(36.0	)
San-A Co. Ltd.		47,000		1,444,823		(1,867.6	)
Sanken Electric Co.Ltd		9,500		434,444		(561.6	)
Sanwa Holdings Corp.		61,200		929,554		(1,201.6	)
Sanyo Special Steel Co. Ltd.		26,200		447,950		(579.0	)
Shikoku Electric Power Co., Inc.		71,900		505,284		(653.2	)
Shionogi & Co. Ltd.		10,300		309,273		(399.8	)
Ship Healthcare Holdings, Inc.		133,500		2,014,509		(2,604.0	)
Sumitomo Rubber Industries Ltd.		507,500		5,847,372		(7,558.6	)
Takara Standard Co. Ltd.		6,000		71,270		(92.1	)
Takasago Thermal Engineering Co. Ltd.		19,900		457,128		(590.9	)
Toda Corp.		45,100		282,642		(365.4	)
Token Corp.		7,000		446,621		(577.3	)
TV Asahi Holdings Corp.		47,400		561,634		(726.0	)
UACJ Corp.		49,800		1,367,656		(1,767.9	)
Zeon Corp.		159,700		1,440,775		(1,862.4	)
Zuora, Inc.		1,600		43,470		(56.2	)
				38,743,496
Netherlands
Aalberts NV		8,378		335,250		(433.4	)
SBM Offshore NV		80,448		1,031,711		(1,333.6	)
				1,366,961
Singapore
Kulicke & Soffa Industries, Inc.		20,143		1,013,596		(1,310.2	)
Spain
Atlantica Sustainable Infrastructure PLC		79,105		1,517,234		(1,961.3	)
Unicaja Banco SA		21,458		20,659		(26.7	)
				1,537,893
Sweden
Scandic Hotels Group AB		73,507		336,829		(435.4	)
Ukraine
Ferrexpo PLC		19,948		22,004		(28.4	)
United Kingdom
AJ Bell PLC		79,770		320,620		(414.4	)
Capita PLC		124,865		30,248		(39.1	)
Currys PLC		249,875		156,988		(202.9	)
Dowlais Group PLC		18,732		21,398		(27.7	)
Dunelm Group PLC		25,027		345,181		(446.2	)
Games Workshop Group PLC		9,067		1,141,405		(1,475.4	)
Greggs PLC		225,978		7,633,164		(9,866.9	)

Security	Shares		Value		% of Basket Value
United Kingdom (continued)
Hammerson PLC		628,311	$	214,904		(277.8	)%
Hollywood Bowl Group PLC		15,161		57,609		(74.5	)
Indivior PLC		46,615		821,542		(1,062.0	)
International Distributions Services PLC		767,620		2,699,639		(3,489.7	)
Serica Energy PLC		391,958		1,050,238		(1,357.6	)
				14,492,936
United States
1-800-Flowers.com, Inc., Class A		2,167		22,537		(29.1	)
Accel Entertainment, Inc., Class A		89,977		922,264		(1,192.2	)
ACM Research, Inc., Class A		14,887		256,354		(331.4	)
Acushnet Holdings Corp.		14,635		926,981		(1,198.3	)
Addus HomeCare Corp.		3,110		269,326		(348.1	)
Advanced Energy Industries, Inc.		1,632		170,022		(219.8	)
Agilysys, Inc.		3,088		258,496		(334.1	)
Alarm.com Holdings, Inc.		9,432		573,654		(741.5	)
Albany International Corp., Class A		504		44,811		(57.9	)
Alexander & Baldwin, Inc.		3,895		67,461		(87.2	)
Alexander’s, Inc.		1,035		227,483		(294.1	)
Alkami Technology, Inc.		36,874		907,838		(1,173.5	)
Amalgamated Financial Corp.		998		26,507		(34.3	)
Ambac Financial Group, Inc.		11,808		191,880		(248.0	)
Ambarella, Inc.		20,197		1,061,554		(1,372.2	)
American Assets Trust, Inc.		35,009		785,252		(1,015.0	)
American Vanguard Corp.		15,910		173,737		(224.6	)
AMN Healthcare Services, Inc.		34,395		2,545,574		(3,290.5	)
Amplitude, Inc., Class A		75,749		981,707		(1,269.0	)
Anywhere Real Estate, Inc.		49,197		350,283		(452.8	)
Apogee Enterprises, Inc.		4,409		232,839		(301.0	)
Appian Corp., Class A		10,111		329,922		(426.5	)
Archrock, Inc.		15,773		257,731		(333.2	)
Argan, Inc.		40,440		1,792,705		(2,317.3	)
Arlo Technologies, Inc.		57,698		512,358		(662.3	)
AtriCure, Inc.		10,957		373,195		(482.4	)
Avangrid, Inc.		20,541		624,036		(806.7	)
Badger Meter, Inc.		1,754		252,558		(326.5	)
Banc of California, Inc.		53,613		738,787		(955.0	)
Bandwidth, Inc., Class A		80,034		1,107,671		(1,431.8	)
Beazer Homes USA, Inc.		66,982		2,126,678		(2,749.0	)
Benchmark Electronics, Inc.		1,194		32,381		(41.9	)
BigCommerce Holdings, Inc.		17,424		142,528		(184.2	)
Black Hills Corp.		28,405		1,470,243		(1,900.5	)
Blackbaud, Inc.		6,500		525,980		(679.9	)
Blue Bird Corp.		32,799		955,435		(1,235.0	)
BlueLinx Holdings, Inc.		24,174		2,788,229		(3,604.2	)
Brighthouse Financial, Inc.		75,827		3,925,564		(5,074.3	)
Brightsphere Investment Group, Inc.		51,317		1,135,132		(1,467.3	)
Cactus, Inc., Class A		28,977		1,229,784		(1,589.7	)
Cargurus, Inc., Class A		10,381		241,254		(311.9	)
Cavco Industries, Inc.		2,301		763,748		(987.3	)
Century Aluminum Co.		1,890		21,074		(27.2	)
Century Communities, Inc.		19,213		1,665,767		(2,153.2	)
Cerence, Inc.		3,146		62,983		(81.4	)
Cheesecake Factory, Inc.		7,477		256,984		(332.2	)
Chegg, Inc.		160,236		1,578,325		(2,040.2	)
Clear Secure, Inc., Class A		158,906		3,023,981		(3,908.9	)
Clearwater Analytics Holdings, Inc., Class A		60,809		1,146,250		(1,481.7	)
Columbus McKinnon Corp./New York		66,349		2,592,255		(3,350.9	)
CommVault Systems, Inc.		2,488		228,100		(294.9	)
Comstock Resources, Inc.		69,774		544,935		(704.4	)
Construction Partners, Inc., Class A		17,387		791,109		(1,022.6	)

31  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United States (continued)
Corcept Therapeutics, Inc.		95,252	$	2,009,817		(2,598.0	)%
Couchbase, Inc.		14,860		371,500		(480.2	)
Coursera, Inc.		374,485		7,167,643		(9,265.2	)
Cracker Barrel Old Country Store, Inc.		33,506		2,591,689		(3,350.1	)
Credo Technology Group Holding Ltd.		35,469		727,469		(940.4	)
CSG Systems International, Inc.		21,859		1,099,726		(1,421.6	)
Customers Bancorp, Inc.		8,398		448,789		(580.1	)
Dana, Inc.		25,870		350,797		(453.5	)
Delek U.S. Holdings, Inc.		71,991		1,945,917		(2,515.4	)
Deluxe Corp.		5,733		108,411		(140.1	)
Diebold Nixdorf, Inc.		21,990		668,496		(864.1	)
Dime Community Bancshares, Inc.		1,009		23,015		(29.8	)
Diodes, Inc.		3,331		224,243		(289.9	)
Donnelley Financial Solutions, Inc.		15,643		971,743		(1,256.1	)
Dream Finders Homes, Inc., Class A		28,147		925,192		(1,195.9	)
Driven Brands Holdings, Inc.		96,301		1,262,506		(1,632.0	)
Encore Wire Corp.		1,924		433,862		(560.8	)
EnerSys		21,817		2,085,051		(2,695.2	)
Enovis Corp.		77,720		4,562,164		(5,897.2	)
Esab Corp.		35,334		3,038,371		(3,927.5	)
Ethan Allen Interiors, Inc.		7,628		222,204		(287.2	)
Eventbrite, Inc., Class A		217,968		1,824,392		(2,358.3	)
Everbridge, Inc.		12,079		270,086		(349.1	)
Everi Holdings, Inc.		281,340		2,928,749		(3,785.8	)
eXp World Holdings, Inc.		139,205		1,723,358		(2,227.7	)
Exponent, Inc.		2,223		196,046		(253.4	)
Federated Hermes, Inc., Class B		14,256		498,390		(644.2	)
Figs, Inc., Class A		113,809		655,540		(847.4	)
First Financial Bankshares, Inc.		1,614		50,405		(65.2	)
First Foundation, Inc.		71,910		684,583		(884.9	)
Forestar Group, Inc.		2,292		71,648		(92.6	)
Forward Air Corp.		62,671		2,778,205		(3,591.2	)
Franklin Covey Co.		5,205		210,490		(272.1	)
Frontdoor, Inc.		80,193		2,627,123		(3,395.9	)
Fulgent Genetics, Inc.		85,095		2,092,486		(2,704.8	)
Genesco, Inc.		5,184		144,012		(186.2	)
Gibraltar Industries, Inc.		2,304		186,440		(241.0	)
GMS, Inc.		6,810		573,130		(740.9	)
Grand Canyon Education, Inc.		21,407		2,795,540		(3,613.6	)
Granite Construction, Inc.		928		41,862		(54.1	)
Green Brick Partners, Inc.		2,511		130,999		(169.3	)
Griffon Corp.		9,308		542,284		(701.0	)
Group 1 Automotive, Inc.		5,339		1,388,460		(1,794.8	)
Guardant Health, Inc.		162,052		3,553,800		(4,593.8	)
Guess?, Inc.		28,291		632,021		(817.0	)
Gulfport Energy Corp.		1,297		164,589		(212.8	)
Hanesbrands, Inc.		218,373		982,679		(1,270.3	)
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		1,621		38,564		(49.8	)
Hawaiian Electric Industries, Inc.		15,949		206,859		(267.4	)
Health Catalyst, Inc.		9,280		90,666		(117.2	)
Healthcare Services Group, Inc.		14,371		135,662		(175.4	)
Helen of Troy Ltd.		29,640		3,393,780		(4,386.9	)
Hims & Hers Health, Inc., Class A		5,938		50,948		(65.9	)
Hudson Pacific Properties, Inc.		33,048		270,663		(349.9	)
Huron Consulting Group, Inc.		1,717		177,761		(229.8	)
Hyster-Yale Materials Handling, Inc., Class A		23,303		1,531,473		(1,979.6	)
IES Holdings, Inc.		298		24,424		(31.6	)
Infinera Corp.		4,644		22,941		(29.7	)
Informatica, Inc., Class A		13,175		395,250		(510.9	)
Innoviva, Inc.		5,155		83,511		(108.0	)
Insperity, Inc.		12,131		1,391,304		(1,798.5	)

Security	Shares		Value		% of Basket Value
United States (continued)
Intapp, Inc.		17,888	$	770,615		(996.1	)%
Integral Ad Science Holding Corp.		166,364		2,420,596		(3,129.0	)
Inter Parfums, Inc.		3,856		536,562		(693.6	)
International Money Express, Inc.		1,192		24,555		(31.7	)
International Seaways, Inc.		5,460		292,874		(378.6	)
Invesco Mortgage Capital, Inc.		7,859		69,238		(89.5	)
Itron, Inc.		14,138		1,019,915		(1,318.4	)
Janus International Group, Inc.		11,544		163,348		(211.2	)
JELD-WEN Holding, Inc.		123,998		2,306,363		(2,981.3	)
JetBlue Airways Corp.		418,509		2,222,283		(2,872.6	)
John Wiley & Sons, Inc., Class A		39,897		1,350,114		(1,745.2	)
Kadant, Inc.		9,677		2,767,622		(3,577.5	)
Kforce, Inc.		7,353		502,578		(649.7	)
Knife River Corp.		4,192		274,534		(354.9	)
Kodiak Gas Services, Inc.		145,551		3,408,804		(4,406.4	)
Kohl’s Corp.		211,550		5,449,528		(7,044.3	)
Korn Ferry		13,934		817,508		(1,056.7	)
Leggett & Platt, Inc.		276,566		6,419,097		(8,297.6	)
LendingClub Corp.		9,061		81,730		(105.6	)
LivaNova PLC		68,044		3,312,382		(4,281.7	)
LiveRamp Holdings, Inc.		9,404		371,270		(479.9	)
Lovesac Co.		5,802		134,374		(173.7	)
Lumentum Holdings, Inc.		9,632		529,182		(684.0	)
M/I Homes, Inc.		32,517		4,143,316		(5,355.8	)
Manitowoc Co., Inc.		42,661		686,842		(887.8	)
ManpowerGroup, Inc.		17,167		1,272,761		(1,645.2	)
Marcus Corp.		114,417		1,553,783		(2,008.5	)
Marriott Vacations Worldwide Corp.		100,703		8,447,975		(10,920.2	)
Masonite International Corp.		56,280		5,180,574		(6,696.6	)
Masterbrand, Inc.		2,307		32,459		(42.0	)
MaxLinear, Inc.		40,440		841,961		(1,088.4	)
Medical Properties Trust, Inc.		1,801,410		5,584,371		(7,218.6	)
Methode Electronics, Inc.		34,608		718,462		(928.7	)
MGP Ingredients, Inc.		276		23,446		(30.3	)
MillerKnoll, Inc.		34,999		930,623		(1,203.0	)
Minerals Technologies, Inc.		17,480		1,142,318		(1,476.6	)
Model N, Inc.		8,512		229,398		(296.5	)
Montrose Environmental Group, Inc.		991		28,947		(37.4	)
Moog, Inc., Class A		702		98,140		(126.9	)
Mr. Cooper Group, Inc.		31,409		2,115,710		(2,734.9	)
N-able, Inc.		19,790		256,874		(332.0	)
Nabors Industries Ltd.		23,767		2,010,213		(2,598.5	)
National Fuel Gas Co.		592		27,919		(36.1	)
National Research Corp., Class A		8,047		317,052		(409.8	)
NCR Voyix Corp.		163,000		2,396,100		(3,097.3	)
NETGEAR, Inc.		21,389		303,724		(392.6	)
NetScout Systems, Inc.		85,613		1,841,536		(2,380.4	)
New Jersey Resources Corp.		5,646		230,526		(298.0	)
NMI Holdings, Inc., Class A		17,713		565,399		(730.9	)
Nordstrom, Inc.		89,407		1,622,737		(2,097.6	)
Novocure Ltd.		110,687		1,540,763		(1,991.7	)
NOW, Inc.		2,296		23,167		(29.9	)
Nu Skin Enterprises, Inc., Class A		6,189		114,868		(148.5	)
Oceaneering International, Inc.		4,743		98,560		(127.4	)
OceanFirst Financial Corp.		70,071		1,207,323		(1,560.6	)
Olo, Inc., Class A		34,294		177,300		(229.2	)
Omnicell, Inc.		36,571		1,176,489		(1,520.8	)
ON24, Inc.		80,339		614,593		(794.4	)
OPENLANE, Inc.		26,848		378,020		(488.6	)
Orion Office REIT, Inc.		16,902		86,876		(112.3	)
Orthofix Medical, Inc.		72,648		1,009,081		(1,304.4	)
OSI Systems, Inc.		611		78,226		(101.1	)

S C H E D U L E  O F   I N V E S T M E N T S 32

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United States (continued)
Owens & Minor, Inc.		15,742	$	310,275		(401.1	)%
Pacific Biosciences of California, Inc.		37,777		245,928		(317.9	)
Pactiv Evergreen, Inc.		120,595		1,760,687		(2,275.9	)
Palomar Holdings, Inc.		437		26,163		(33.8	)
Park Hotels & Resorts, Inc.		54,302		818,874		(1,058.5	)
Pegasystems, Inc.		61,704		3,007,453		(3,887.6	)
Perella Weinberg Partners, Class A		10,122		118,934		(153.7	)
PetIQ, Inc., Class A		5,476		98,404		(127.2	)
PRA Group, Inc.		20,838		474,481		(613.3	)
Premier Financial Corp.		2,968		62,002		(80.1	)
Prestige Consumer Healthcare, Inc.		2,943		181,112		(234.1	)
PriceSmart, Inc.		19,985		1,519,260		(1,963.9	)
Privia Health Group, Inc.		1,208		24,353		(31.5	)
PROG Holdings, Inc.		202,966		6,218,878		(8,038.8	)
Progress Software Corp.		15,897		903,109		(1,167.4	)
Proto Labs, Inc.		6,684		241,226		(311.8	)
PubMatic, Inc., Class A		12,498		189,720		(245.2	)
Q2 Holdings, Inc.		46,910		1,996,020		(2,580.1	)
Rapid7, Inc.		6,522		358,906		(463.9	)
RE/MAX Holdings, Inc., Class A		5,224		56,054		(72.5	)
Redfin Corp.		5,170		42,187		(54.5	)
REV Group, Inc.		1,704		33,262		(43.0	)
Revolve Group, Inc., Class A		28,592		412,011		(532.6	)
Seaboard Corp.		95		342,285		(442.5	)
SEMrush Holdings, Inc., Class A		101,327		1,169,314		(1,511.5	)
Semtech Corp.		40,378		801,100		(1,035.5	)
Shyft Group, Inc.		32,945		356,794		(461.2	)
SMART Global Holdings, Inc.		64,930		1,275,875		(1,649.2	)
SolarWinds Corp.		46,377		548,176		(708.6	)
Sonic Automotive, Inc., Class A		878		44,392		(57.4	)
Sonos, Inc.		276,755		4,311,843		(5,573.7	)
Sphere Entertainment Co., Class A		47,905		1,694,879		(2,190.9	)
Squarespace, Inc., Class A		41,927		1,299,737		(1,680.1	)
Supernus Pharmaceuticals, Inc.		7,001		193,788		(250.5	)
Tandem Diabetes Care, Inc.		8,416		191,885		(248.0	)
Teladoc Health, Inc.		295,746		5,746,345		(7,428.0	)
Tennant Co.		19,748		1,866,581		(2,412.8	)
Terex Corp.		43,378		2,664,711		(3,444.5	)
TripAdvisor, Inc.		30,983		669,233		(865.1	)
Tronox Holdings PLC		47,860		659,989		(853.1	)
TTEC Holdings, Inc.		26,993		550,117		(711.1	)
TTM Technologies, Inc.		188,437		2,621,159		(3,388.2	)
Universal Technical Institute, Inc.		46,885		662,016		(855.7	)
Upbound Group, Inc.		136,060		4,517,192		(5,839.1	)
Upstart Holdings, Inc.		5,819		184,811		(238.9	)
Upwork, Inc.		206,278		2,828,071		(3,655.7	)
Veeco Instruments, Inc.		31,988		1,019,777		(1,318.2	)
Veradigm, Inc.		9,724		88,780		(114.8	)
Verra Mobility Corp., Class A		56,346		1,347,233		(1,741.5	)
Viad Corp.		7,535		249,107		(322.0	)
Viasat, Inc.		78,576		1,746,744		(2,257.9	)
Viavi Solutions, Inc.		364,844		3,586,417		(4,635.9	)
Vicor Corp.		26,927		1,014,340		(1,311.2	)
Victoria’s Secret & Co.		1,371		35,715		(46.2	)
Victory Capital Holdings, Inc., Class A		68,111		2,297,384		(2,969.7	)
Vishay Precision Group, Inc.		3,647		116,266		(150.3	)
Vita Coco Co., Inc.		32,524		640,398		(827.8	)
Vital Farms, Inc.		20,461		294,229		(380.3	)
Wabash National Corp.		4,126		104,388		(134.9	)
Watts Water Technologies, Inc., Class A		1,964		388,892		(502.7	)

Security	Shares			Value			% of Basket Value
United States (continued)
Weave Communications, Inc.		68,277		$	856,194			(1,106.8	)%
Winnebago Industries, Inc.		9,335			613,496			(793.0	)
Wolverine World Wide, Inc.		2,329			19,470			(25.2	)
World Kinect Corp.		122,363			2,761,733			(3,569.9	)
Xponential Fitness, Inc., Class A		59,659			659,829			(852.9	)
Yelp, Inc.		28,832			1,260,823			(1,629.8	)
ZipRecruiter, Inc., Class A		13,915			193,697			(250.4	)
Zumiez, Inc.		3,782			64,937			(83.9	)
Zuora, Inc., Class A		29,150			266,431			(344.4	)
					269,313,346
Total Reference Entity — Long					353,773,917
Reference Entity — Short
Common Stocks
Australia
ALS Ltd.		(13,285	)		(110,008	)		142.2
Altium Ltd.		(668	)		(21,627	)		28.0
ARB Corp. Ltd.		(22,147	)		(484,952	)		626.9
Bellevue Gold Ltd.		(841,108	)		(728,884	)		942.2
Brickworks Ltd.		(8,132	)		(155,479	)		201.0
Capricorn Metals Ltd.		(7,065	)		(21,097	)		27.3
Chalice Mining Ltd.		(496,399	)		(357,600	)		462.2
Champion Iron Ltd.		(68,115	)		(374,495	)		484.1
Corporate Travel Management Ltd.		(36,647	)		(485,609	)		627.7
Costa Group Holdings Ltd.		(101,990	)		(212,554	)		274.8
De Grey Mining Ltd.		(91,477	)		(73,226	)		94.6
GUD Holdings Ltd.		(29,111	)		(231,451	)		299.2
Karoon Energy Ltd.		(18,768	)		(23,800	)		30.8
Kelsian Group Ltd.		(148,111	)		(690,006	)		891.9
Lovisa Holdings Ltd.		(111,035	)		(1,655,546	)		2,140.0
Megaport Ltd.		(24,794	)		(202,931	)		262.3
Neuren Pharmaceuticals Ltd.		(4,201	)		(64,470	)		83.3
Nine Entertainment Co. Holdings Ltd.		(368,005	)		(472,946	)		611.3
PEXA Group Ltd.		(19,075	)		(142,780	)		184.6
Ramelius Resources Ltd.		(876,922	)		(912,319	)		1,179.3
Red 5 Ltd.		(1,308,133	)		(268,885	)		347.6
Sayona Mining Ltd.		(4,942,986	)		(127,238	)		164.5
Strike Energy Ltd.		(72,186	)		(20,264	)		26.2
Webjet Ltd.		(6,836	)		(33,222	)		42.9
					(7,871,389	)
Canada
Cineplex, Inc.		(4,038	)		(24,712	)		31.9
Teekay Tankers Ltd., Class A		(28,725	)		(1,796,748	)		2,322.6
					(1,821,460	)
Cayman Islands
Consolidated Water Co. Ltd., Ordinary Shares		(1,932	)		(61,689	)		79.7
China
indie Semiconductor, Inc., Class A		(10,308	)		(62,569	)		80.9
Costa Rica
Establishment Labs Holdings, Inc.		(1,746	)		(67,221	)		86.9
Germany
Hamburger Hafen und Logistik AG		(3,025	)		(54,913	)		71.0
Ghana
Tullow Oil PLC		(98,469	)		(38,703	)		50.0

33  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Indonesia
Nickel Industries Ltd.		(5,295,101	)	$	(2,717,057	)		3,512.2	%
Italy
Ermenegildo Zegna NV		(10,860	)		(132,383	)		171.1
Stevanato Group SpA		(1,525	)		(48,404	)		62.6
					(180,787	)
Japan
Advance Logistics Investment Corp.		(56	)		(48,453	)		62.6
Advance Residence Investment Corp.		(315	)		(689,509	)		891.3
Aeon Fantasy Co. Ltd.		(15,700	)		(267,943	)		346.4
AEON REIT Investment Corp.		(34	)		(31,844	)		41.2
Amvis Holdings, Inc.		(5,000	)		(91,575	)		118.4
Anycolor, Inc.		(19,900	)		(502,088	)		649.0
Arata Corp.		(1,600	)		(35,307	)		45.6
Arclands Corp.		(46,600	)		(530,596	)		685.9
Ariake Japan Co. Ltd.		(12,900	)		(411,598	)		532.0
Asahi Yukizai Corp.		(5,800	)		(160,514	)		207.5
Atom Corp.		(23,700	)		(149,709	)		193.5
Autobacs Seven Co. Ltd.		(8,100	)		(87,534	)		113.1
Calbee, Inc.		(60,900	)		(1,273,019	)		1,645.6
Chikaranomoto Holdings Co. Ltd.		(1,800	)		(17,460	)		22.6
Chiyoda Corp.		(172,000	)		(392,432	)		507.3
Comforia Residential REIT, Inc.		(948	)		(1,975,073	)		2,553.1
Cover Corp.		(21,400	)		(409,212	)		529.0
CUC, Inc.		(5,900	)		(105,644	)		136.6
CYBERDYNE, Inc.		(106,000	)		(146,436	)		189.3
Daido Steel Co. Ltd.		(184,800	)		(1,914,834	)		2,475.2
Daiei Kankyo Co. Ltd.		(25,100	)		(424,443	)		548.6
Daikoku Denki Co. Ltd.		(8,400	)		(211,513	)		273.4
Daiwa Office Investment Corp.		(75	)		(317,753	)		410.7
DeNA Co. Ltd.		(262,100	)		(2,631,271	)		3,401.3
Descente Ltd.		(3,800	)		(87,212	)		112.7
Dexerials Corp.		(17,500	)		(501,276	)		648.0
Eagle Industry Co. Ltd.		(56,500	)		(650,678	)		841.1
Enplas Corp.		(5,000	)		(403,352	)		521.4
First Bank of Toyama Ltd.		(30,200	)		(170,256	)		220.1
Fuji Media Holdings, Inc.		(186,100	)		(2,192,340	)		2,833.9
Fuji Oil Holdings, Inc.		(7,200	)		(115,077	)		148.8
Fukuyama Transporting Co. Ltd.		(2,800	)		(76,975	)		99.5
Fuso Chemical Co. Ltd.		(8,800	)		(246,498	)		318.6
giftee, Inc.		(127,400	)		(1,389,909	)		1,796.7
Globeride, Inc.		(16,500	)		(230,882	)		298.4
GMO Financial Holdings, Inc.		(6,000	)		(30,482	)		39.4
Godo Steel Ltd.		(5,200	)		(180,845	)		233.8
GungHo Online Entertainment, Inc.		(75,400	)		(1,260,705	)		1,629.6
Hakuto Co. Ltd.		(40,600	)		(1,670,989	)		2,160.0
Hankyu Hanshin REIT, Inc.		(24	)		(23,627	)		30.5
Hirata Corp.		(6,100	)		(277,432	)		358.6
HIS Co. Ltd.		(37,600	)		(454,060	)		586.9
Hisamitsu Pharmaceutical Co., Inc.		(1,700	)		(48,167	)		62.3
Hoshino Resorts REIT, Inc.		(72	)		(249,714	)		322.8
House Foods Group, Inc.		(2,700	)		(59,083	)		76.4
Idec Corp.		(6,500	)		(129,281	)		167.1
Iino Kaiun Kaisha Ltd.		(103,000	)		(894,451	)		1,156.2
Industrial & Infrastructure Fund Investment Corp.		(146	)		(131,293	)		169.7
I-NE Co. Ltd.		(1,900	)		(31,459	)		40.7
Internet Initiative Japan, Inc.		(72,900	)		(1,404,897	)		1,816.0
Izumi Co. Ltd.		(4,600	)		(107,623	)		139.1
J Trust Co. Ltd.		(28,600	)		(91,992	)		118.9

Security	Shares			Value			% of Basket Value
Japan (continued)
Japan Aviation Electronics Industry Ltd.		(18,800	)	$	(321,019	)		415.0	%
Japan Communications, Inc.		(13,600	)		(21,357	)		27.6
Japan Material Co. Ltd.		(6,900	)		(115,883	)		149.8
Japan Prime Realty Investment Corp.		(78	)		(185,625	)		239.9
Kadokawa Corp.		(23,300	)		(490,047	)		633.5
Kagome Co. Ltd.		(42,700	)		(1,046,277	)		1,352.5
Kanto Denka Kogyo Co. Ltd.		(11,300	)		(67,229	)		86.9
KeePer Technical Laboratory Co. Ltd.		(18,500	)		(811,717	)		1,049.3
Keihan Holdings Co. Ltd.		(5,100	)		(123,629	)		159.8
Kisoji Co. Ltd.		(3,200	)		(57,694	)		74.6
Ki-Star Real Estate Co. Ltd.		(8,600	)		(201,919	)		261.0
Kohnan Shoji Co. Ltd.		(1,900	)		(50,175	)		64.9
Komehyo Holdings Co. Ltd.		(30,700	)		(913,059	)		1,180.3
Komeri Co. Ltd.		(10,600	)		(236,248	)		305.4
Kosaido Holdings Co. Ltd.		(9,600	)		(48,424	)		62.6
Krosaki Harima Corp.		(4,400	)		(365,436	)		472.4
Kumiai Chemical Industry Co. Ltd.		(43,300	)		(247,055	)		319.4
Kura Sushi, Inc.		(64,800	)		(1,726,313	)		2,231.5
KYB Corp.		(14,900	)		(513,536	)		663.8
Leopalace21 Corp.		(558,400	)		(1,554,625	)		2,009.6
M&A Research Institute Holdings, Inc.		(900	)		(31,866	)		41.2
Macbee Planet, Inc.		(5,000	)		(608,256	)		786.3
Maruwa Co. Ltd.		(400	)		(79,549	)		102.8
Matsuya Co.Ltd.		(59,000	)		(375,613	)		485.5
Medley, Inc.		(11,800	)		(367,944	)		475.6
Megachips Corp.		(6,700	)		(214,958	)		277.9
Mitsubishi Logistics Corp.		(28,700	)		(881,209	)		1,139.1
Mitsuboshi Belting Ltd.		(12,600	)		(417,913	)		540.2
Mitsui E&S Co. Ltd.		(216,500	)		(1,106,830	)		1,430.7
Mitsui Fudosan Logistics Park, Inc.		(216	)		(643,530	)		831.9
Mitsui-Soko Holdings Co. Ltd.		(12,300	)		(408,354	)		527.9
Money Forward, Inc.		(38,900	)		(1,510,625	)		1,952.7
Mori Hills REIT Investment Corp.		(12	)		(11,100	)		14.3
Morinaga Milk Industry Co. Ltd.		(43,500	)		(885,700	)		1,144.9
m-up Holdings, Inc.		(77,500	)		(521,038	)		673.5
Musashino Bank Ltd.		(1,400	)		(26,222	)		33.9
Nagoya Railroad Co. Ltd.		(23,400	)		(358,623	)		463.6
Namura Shipbuilding Co. Ltd.		(45,500	)		(428,614	)		554.0
Nankai Electric Railway Co. Ltd.		(25,600	)		(496,568	)		641.9
Nanto Bank Ltd.		(1,200	)		(21,582	)		27.9
Nihon Kohden Corp.		(11,400	)		(345,421	)		446.5
Nikkiso Co. Ltd.		(60,000	)		(437,819	)		565.9
Nikkon Holdings Co. Ltd.		(13,500	)		(288,322	)		372.7
Nippon Accommodations Fund, Inc.		(139	)		(575,431	)		743.8
Nippon Carbon Co. Ltd.		(7,200	)		(217,582	)		281.3
Nippon Kayaku Co. Ltd.		(36,200	)		(321,224	)		415.2
Nippon Parking Development Co. Ltd.		(250,600	)		(310,114	)		400.9
Nippon Pillar Packing Co. Ltd.		(3,100	)		(101,322	)		131.0
Nippon Yakin Kogyo Co. Ltd.		(102,100	)		(3,269,912	)		4,226.8
Nishimatsu Construction Co. Ltd.		(7,500	)		(205,044	)		265.0
Nishimatsuya Chain Co. Ltd.		(41,000	)		(588,715	)		761.0
Nishi-Nippon Railroad Co. Ltd.		(1,300	)		(21,548	)		27.9
Nitto Boseki Co. Ltd.		(2,700	)		(91,655	)		118.5
Nojima Corp.		(11,600	)		(145,312	)		187.8
Nomura Micro Science Co. Ltd.		(7,200	)		(668,456	)		864.1
NPR-RIKEN Corp.		(34,600	)		(625,793	)		808.9
NS United Kaiun Kaisha Ltd.		(3,500	)		(122,374	)		158.2
Orient Corp.		(105,400	)		(790,909	)		1,022.4
Osaka Soda Co. Ltd.		(28,700	)		(2,004,506	)		2,591.1
OSAKA Titanium Technologies Co. Ltd.		(99,300	)		(1,867,654	)		2,414.2
Outsourcing Inc.		(135,900	)		(1,578,966	)		2,041.0

S C H E D U L E  O F   I N V E S T M E N T S 34

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Japan (continued)
Piolax, Inc.		(4,300	)	$	(72,544	)		93.8	%
Premium Group Co. Ltd.		(20,800	)		(249,214	)		322.1
Qol Holdings Co. Ltd.		(1,900	)		(22,679	)		29.3
Rengo Co. Ltd.		(103,800	)		(669,232	)		865.1
Riken Keiki Co. Ltd.		(13,300	)		(653,637	)		844.9
Roland Corp.		(6,000	)		(198,180	)		256.2
Rorze Corp.		(3,000	)		(331,219	)		428.1
Ryosan Co. Ltd.		(1,600	)		(52,387	)		67.7
SAMTY Co. Ltd.		(7,000	)		(118,572	)		153.3
Sangetsu Corp.		(31,200	)		(683,170	)		883.1
Sanyo Denki Co. Ltd.		(6,700	)		(276,877	)		357.9
Sawai Group Holdings Co. Ltd.		(39,700	)		(1,493,639	)		1,930.7
Seiren Co. Ltd.		(1,100	)		(18,352	)		23.7
Senshu Ikeda Holdings, Inc.		(26,500	)		(61,045	)		78.9
Shiga Bank Ltd.		(3,300	)		(81,723	)		105.6
Shin Nippon Biomedical Laboratories Ltd.		(600	)		(6,914	)		8.9
Shin-Etsu Polymer Co. Ltd.		(8,000	)		(87,690	)		113.3
Shoei Co. Ltd.		(131,700	)		(1,750,061	)		2,262.2
SKY Perfect JSAT Holdings, Inc.		(45,200	)		(236,492	)		305.7
Sotetsu Holdings, Inc.		(54,800	)		(998,973	)		1,291.3
Stanley Electric Co. Ltd.		(56,900	)		(1,080,489	)		1,396.7
Star Asia Investment Corp.		(2,911	)		(1,134,278	)		1,466.2
Sumitomo Bakelite Co. Ltd.		(8,700	)		(429,679	)		555.4
SUNWELS Co. Ltd.		(24,400	)		(378,609	)		489.4
T Hasegawa Co. Ltd.		(2,600	)		(58,009	)		75.0
Taiheiyo Cement Corp.		(32,900	)		(673,283	)		870.3
Takara Holdings, Inc.		(131,000	)		(1,102,105	)		1,424.6
Takara Leben Real Estate Investment Corp.		(114	)		(80,606	)		104.2
TBS Holdings, Inc.		(30,300	)		(698,311	)		902.7
Toei Animation Co. Ltd.		(1,900	)		(252,788	)		326.8
Toho Bank Ltd.		(174,000	)		(367,230	)		474.7
Tokyo Kiraboshi Financial Group, Inc.		(2,300	)		(66,891	)		86.5
Tokyo Steel Manufacturing Co. Ltd.		(33,900	)		(407,065	)		526.2
TOMONY Holdings, Inc.		(13,100	)		(35,867	)		46.4
Topre Corp.		(10,600	)		(153,369	)		198.2
Toyo Gosei Co. Ltd.		(3,400	)		(197,733	)		255.6
TRE Holdings Corp.		(16,800	)		(141,699	)		183.2
Tri Chemical Laboratories, Inc.		(35,600	)		(872,401	)		1,127.7
Tsuburaya Fields Holdings, Inc.		(141,400	)		(1,734,757	)		2,242.4
Universal Entertainment Corp.		(44,700	)		(642,547	)		830.6
Ushio, Inc.		(50,000	)		(696,351	)		900.1
Valqua Ltd.		(6,500	)		(196,527	)		254.0
Wacoal Holdings Corp.		(18,600	)		(431,358	)		557.6
W-Scope Corp.		(565,500	)		(2,902,932	)		3,752.4
Yamae Group Holdings Co., Ltd.		(800	)		(17,662	)		22.8
Yamato Kogyo Co. Ltd.		(6,300	)		(346,855	)		448.4
Yodogawa Steel Works Ltd.		(3,500	)		(91,630	)		118.4
Zojirushi Corp.		(1,900	)		(18,273	)		23.6
					(82,279,659	)
Malta
Gambling.com Group Ltd.		(26,979	)		(246,858	)		319.1
Mexico
Borr Drilling Ltd.		(127,206	)		(782,317	)		1,011.2
Nigeria
IHS Holding Ltd.		(5,293	)		(21,066	)		27.2
Norway
FLEX LNG Ltd.		(76,040	)		(2,278,919	)		2,945.8

Security	Shares			Value			% of Basket Value
Norway (continued)
NEL ASA		(63,133	)	$	(31,526	)		40.8	%
Norske Skog ASA		(6,959	)		(23,986	)		31.0
SFL Corp. Ltd.		(12,055	)		(146,709	)		189.6
					(2,481,140	)
Singapore
AEM Holdings Ltd.		(10,000	)		(19,904	)		25.7
Sweden
Note AB		(14,535	)		(204,472	)		264.3
OX2 AB, Class B		(4,288	)		(20,278	)		26.2
Surgical Science Sweden AB		(5,245	)		(89,157	)		115.3
					(313,907	)
Switzerland
Garrett Motion, Inc.		(280,587	)		(2,410,242	)		3,115.6
Meyer Burger Technology AG, Class N		(289,892	)		(37,046	)		47.9
					(2,447,288	)
United Kingdom
Genius Sports Ltd.		(167,395	)		(1,123,221	)		1,451.9
Global Ship Lease, Inc., Class A		(167,165	)		(3,580,674	)		4,628.5
Smart Metering Systems PLC		(27,903	)		(336,579	)		435.1
					(5,040,474	)
United States
ACCO Brands Corp.		(13,762	)		(83,673	)		108.2
Adeia, Inc.		(90,042	)		(1,093,110	)		1,413.0
ADT, Inc.		(3,088	)		(20,165	)		26.1
Adtalem Global Education, Inc.		(1,652	)		(83,393	)		107.8
Aehr Test Systems		(108,932	)		(1,617,640	)		2,091.0
AeroVironment, Inc.		(3,584	)		(432,374	)		558.9
agilon health, Inc.		(76,830	)		(452,529	)		585.0
Altair Engineering, Inc., Class A		(7,936	)		(674,719	)		872.2
Alteryx, Inc., Class A		(10,931	)		(518,785	)		670.6
Amerant Bancorp, Inc., Class A		(17,178	)		(388,395	)		502.1
American Axle & Manufacturing Holdings, Inc.		(46,964	)		(379,939	)		491.1
American Coastal Insurance Corp.		(2,625	)		(30,371	)		39.3
America’s Car-Mart, Inc.		(873	)		(53,157	)		68.7
Ameris Bancorp		(650	)		(32,266	)		41.7
AMERISAFE, Inc.		(29,188	)		(1,454,730	)		1,880.4
Amphastar Pharmaceuticals, Inc.		(9,129	)		(487,123	)		629.7
ANI Pharmaceuticals, Inc.		(410	)		(22,886	)		29.6
Apollo Medical Holdings, Inc.		(19,921	)		(692,255	)		894.8
Applied Digital Corp.		(114,000	)		(585,960	)		757.4
Applied Optoelectronics, Inc.		(23,092	)		(363,237	)		469.5
Ares Commercial Real Estate Corp.		(7,225	)		(68,710	)		88.8
ARMOUR Residential REIT, Inc.		(34,054	)		(648,729	)		838.6
Artesian Resources Corp., Class A		(546	)		(19,929	)		25.8
Aspen Aerogels, Inc.		(1,704	)		(19,136	)		24.7
Associated Banc-Corp.		(2,065	)		(43,386	)		56.1
Assured Guaranty Ltd.		(13,687	)		(1,110,426	)		1,435.4
AST SpaceMobile, Inc., Class A		(9,427	)		(27,055	)		35.0
Atlanta Braves Holdings, Inc., Class C		(24,599	)		(991,586	)		1,281.8
Atlantic Union Bankshares Corp.		(1,111	)		(37,952	)		49.1
Atlas Energy Solutions, Inc.		(119,298	)		(2,072,206	)		2,678.6
Axsome Therapeutics, Inc.		(44,799	)		(4,033,254	)		5,213.6
Azenta, Inc.		(319	)		(20,799	)		26.9
Balchem Corp.		(25,058	)		(3,512,129	)		4,539.9
Bancorp, Inc.		(744	)		(32,468	)		42.0
Bank First Corp.		(355	)		(29,976	)		38.8

35  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Barnes Group, Inc.		(35,692	)	$	(1,181,762	)		1,527.6	%
Bel Fuse, Inc., Class B		(3,983	)		(266,303	)		344.2
BGC Group, Inc., Class A		(23,288	)		(164,413	)		212.5
Bloom Energy Corp., Class A		(95,436	)		(1,080,336	)		1,396.5
Bloomin’ Brands, Inc.		(74,922	)		(1,994,424	)		2,578.1
BRC, Inc., Class A		(112,001	)		(423,364	)		547.3
BRP Group, Inc., Class A		(57,493	)		(1,290,143	)		1,667.7
Burford Capital Ltd.		(160,841	)		(2,419,049	)		3,127.0
Cadre Holdings, Inc.		(882	)		(29,979	)		38.8
Calavo Growers, Inc.		(873	)		(22,777	)		29.4
California Water Service Group		(65,608	)		(2,970,074	)		3,839.2
Cal-Maine Foods, Inc.		(50,969	)		(2,824,702	)		3,651.3
Cambridge Bancorp		(644	)		(44,172	)		57.1
Camping World Holdings, Inc., Class A		(44,641	)		(1,109,329	)		1,434.0
CareTrust REIT, Inc.		(18,701	)		(391,225	)		505.7
Casella Waste Systems, Inc., Class A		(56,986	)		(4,863,185	)		6,286.4
Cass Information Systems, Inc.		(3,078	)		(132,846	)		171.7
Cathay General Bancorp		(53,576	)		(2,205,724	)		2,851.2
CBIZ, Inc.		(18,547	)		(1,180,702	)		1,526.2
Centrus Energy Corp., Class A		(35,155	)		(1,765,484	)		2,282.1
Chesapeake Utilities Corp.		(18,178	)		(1,841,068	)		2,379.8
Cinemark Holdings, Inc.		(21,870	)		(302,462	)		391.0
Claros Mortgage Trust, Inc.		(108,341	)		(1,271,923	)		1,644.1
Cleanspark, Inc.		(78,606	)		(632,778	)		818.0
Clearfield, Inc.		(83,608	)		(2,106,086	)		2,722.4
Clearway Energy, Inc., Class C		(16,778	)		(406,699	)		525.7
CNB Financial Corp.		(2,179	)		(46,522	)		60.1
Collegium Pharmaceutical, Inc.		(36,255	)		(1,194,965	)		1,544.7
Community Bank System, Inc.		(965	)		(44,168	)		57.1
Community Trust Bancorp, Inc.		(650	)		(26,975	)		34.9
Compass Minerals International, Inc.		(70,955	)		(1,595,778	)		2,062.8
Conduent, Inc.		(28,241	)		(101,668	)		131.4
Consensus Cloud Solutions, Inc.		(18,604	)		(404,451	)		522.8
Crescent Energy Co., Class A		(356,845	)		(3,943,137	)		5,097.1
Cymabay Therapeutics, Inc.		(32,217	)		(757,422	)		979.1
Denny’s Corp.		(44,677	)		(474,916	)		613.9
Designer Brands, Inc., Class A		(9,724	)		(83,335	)		107.7
Diamond Offshore Drilling, Inc.		(48,383	)		(590,273	)		763.0
Dine Brands Global, Inc.		(1,174	)		(54,767	)		70.8
Distribution Solutions Group, Inc.		(4,414	)		(140,895	)		182.1
DocGo, Inc.		(77,604	)		(287,135	)		371.2
Domo, Inc., Class B		(13,438	)		(146,071	)		188.8
Dorian LPG Ltd.		(2,768	)		(103,634	)		134.0
Dorman Products, Inc.		(8,967	)		(730,003	)		943.6
Duckhorn Portfolio, Inc.		(69,781	)		(602,210	)		778.4
Eagle Bulk Shipping, Inc.		(35,079	)		(1,933,905	)		2,499.8
Ecovyst, Inc.		(7,876	)		(72,932	)		94.3
Embecta Corp.		(19,112	)		(327,580	)		423.4
Enfusion, Inc., Class A		(7,831	)		(61,865	)		80.0
Enhabit, Inc.		(179,388	)		(1,810,025	)		2,339.7
Enovix Corp.		(43,550	)		(405,450	)		524.1
Enpro, Inc.		(22,418	)		(3,348,801	)		4,328.8
Enstar Group Ltd.		(432	)		(115,296	)		149.0
Equitrans Midstream Corp.		(72,234	)		(736,064	)		951.5
European Wax Center, Inc., Class A		(91,465	)		(1,357,341	)		1,754.6
Evolus, Inc.		(18,657	)		(236,757	)		306.0
Excelerate Energy, Inc., Class A		(20,834	)		(319,177	)		412.6
Expro Group Holdings NV		(86,020	)		(1,513,952	)		1,957.0
EyePoint Pharmaceuticals, Inc.		(35,256	)		(949,444	)		1,227.3
F&G Annuities & Life, Inc.		(41,383	)		(1,855,614	)		2,398.6
Farmland Partners, Inc.		(93,724	)		(1,051,583	)		1,359.3
Federal Agricultural Mortgage Corp., Class C		(111	)		(20,678	)		26.7

Security	Shares			Value			% of Basket Value
United States (continued)
First Bancorp/Southern Pines NC		(34,734	)	$	(1,200,407	)		1,551.7	%
First Bancshares, Inc.		(2,457	)		(62,482	)		80.8
First Commonwealth Financial Corp.		(79,837	)		(1,118,516	)		1,445.8
First Community Bankshares, Inc.		(578	)		(19,814	)		25.6
First Hawaiian, Inc.		(36,473	)		(791,099	)		1,022.6
First Merchants Corp.		(26,361	)		(891,265	)		1,152.1
Fortrea Holdings, Inc.		(14,978	)		(463,719	)		599.4
Four Corners Property Trust, Inc.		(57,538	)		(1,346,965	)		1,741.1
Frontier Group Holdings, Inc.		(37,215	)		(181,237	)		234.3
Genco Shipping & Trading Ltd.		(4,605	)		(80,772	)		104.4
Genie Energy Ltd., Class B		(4,273	)		(79,521	)		102.8
Gentherm, Inc.		(441	)		(21,234	)		27.5
GEO Group, Inc.		(201,256	)		(2,237,967	)		2,892.9
Getty Realty Corp.		(24,800	)		(685,968	)		886.7
Gladstone Land Corp.		(19,438	)		(275,242	)		355.8
Glaukos Corp.		(16,880	)		(1,502,826	)		1,942.6
Global Medical REIT, Inc.		(35,523	)		(359,138	)		464.2
Graham Holdings Co., Class B		(1,051	)		(757,140	)		978.7
Grid Dynamics Holdings, Inc., Class A		(4,781	)		(62,392	)		80.7
Hamilton Lane, Inc., Class A		(939	)		(108,868	)		140.7
Hanover Insurance Group, Inc.		(514	)		(67,853	)		87.7
Harrow, Inc.		(157,673	)		(1,502,624	)		1,942.4
Haynes International, Inc.		(11,893	)		(662,083	)		855.8
Herbalife Ltd.		(47,055	)		(567,013	)		732.9
HighPeak Energy, Inc.		(89,663	)		(1,223,900	)		1,582.1
Hillenbrand, Inc.		(20,770	)		(967,259	)		1,250.3
Hillman Solutions Corp.		(5,121	)		(45,014	)		58.2
Hilltop Holdings, Inc.		(8,991	)		(283,127	)		366.0
Home BancShares, Inc.		(168,067	)		(3,939,490	)		5,092.3
Howard Hughes Holdings, Inc.		(2,337	)		(187,147	)		241.9
Impinj, Inc.		(539	)		(52,272	)		67.6
Independent Bank Corp.		(7,380	)		(413,944	)		535.1
Innovative Industrial Properties, Inc.		(31,238	)		(2,912,319	)		3,764.6
Instructure Holdings, Inc.		(38,643	)		(951,777	)		1,230.3
International Bancshares Corp.		(12,262	)		(648,169	)		837.9
IonQ, Inc.		(92,581	)		(950,807	)		1,229.1
Ivanhoe Electric, Inc.		(33,135	)		(277,009	)		358.1
Jack in the Box, Inc.		(90,892	)		(7,086,849	)		9,160.8
John B Sanfilippo & Son, Inc.		(6,658	)		(713,272	)		922.0
John Bean Technologies Corp.		(11,175	)		(1,103,643	)		1,426.6
Kinetik Holdings, Inc., Class A		(25,936	)		(843,439	)		1,090.3
Kratos Defense & Security Solutions, Inc.		(100,566	)		(1,702,582	)		2,200.8
Krispy Kreme, Inc.		(62,313	)		(828,140	)		1,070.5
Ladder Capital Corp., Class A		(27,156	)		(296,815	)		383.7
Lancaster Colony Corp.		(4,363	)		(801,832	)		1,036.5
Leslie’s, Inc.		(108,118	)		(725,472	)		937.8
Liberty Media Corp.-Liberty Live, Class C		(7,272	)		(271,027	)		350.3
Life Time Group Holdings, Inc.		(14,248	)		(189,498	)		245.0
Lightwave Logic, Inc.		(132,041	)		(569,097	)		735.6
Lindblad Expeditions Holdings, Inc.		(2,399	)		(22,167	)		28.7
Lions Gate Entertainment Corp., Class A		(31,276	)		(326,209	)		421.7
LSI Industries, Inc.		(21,670	)		(296,012	)		382.6
LTC Properties, Inc.		(16,960	)		(528,643	)		683.3
Madison Square Garden Entertainment Corp.		(73,202	)		(2,440,555	)		3,154.8
MaxCyte, Inc.		(13,049	)		(66,419	)		85.9
Medifast, Inc.		(17,141	)		(936,756	)		1,210.9
MeridianLink, Inc.		(4,252	)		(96,733	)		125.0
Middlesex Water Co.		(1,999	)		(111,884	)		144.6
Mirion Technologies, Inc., Class A		(88,857	)		(839,699	)		1,085.4
Mission Produce, Inc.		(58,666	)		(586,073	)		757.6
Modine Manufacturing Co.		(38,902	)		(2,687,739	)		3,474.3

S C H E D U L E  O F   I N V E S T M E N T S 36

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Movado Group, Inc.		(12,029	)	$	(331,760	)		428.8	%
MP Materials Corp., Class A		(20,338	)		(321,544	)		415.6
National Bank Holdings Corp., Class A		(3,115	)		(109,025	)		140.9
National Health Investors, Inc.		(52,658	)		(2,800,352	)		3,619.9
National HealthCare Corp.		(4,911	)		(456,919	)		590.6
National Presto Industries, Inc.		(4,827	)		(382,154	)		494.0
Navient Corp.		(153,067	)		(2,635,814	)		3,407.2
Navigator Holdings Ltd.		(3,369	)		(54,241	)		70.1
NBT Bancorp, Inc.		(45,132	)		(1,605,345	)		2,075.1
nCino, Inc.		(5,771	)		(181,671	)		234.8
Nelnet, Inc., Class A		(1,956	)		(170,426	)		220.3
NeoGenomics, Inc.		(1,084	)		(16,097	)		20.8
Net Power Inc., Class A		(62,738	)		(558,368	)		721.8
NETSTREIT Corp.		(1,837	)		(33,378	)		43.1
NewtekOne, Inc.		(3,786	)		(45,470	)		58.8
NextNav, Inc.		(5,364	)		(22,314	)		28.8
Nicolet Bankshares, Inc.		(3,059	)		(237,898	)		307.5
nLight, Inc.		(14,366	)		(186,471	)		241.0
Northern Oil and Gas, Inc.		(56,367	)		(1,888,294	)		2,440.9
Northwest Natural Holding Co.		(6,863	)		(252,970	)		327.0
NV5 Global, Inc.		(5,811	)		(609,516	)		787.9
ODP Corp.		(7,876	)		(402,779	)		520.7
Papa John’s International, Inc.		(56,144	)		(4,125,461	)		5,332.7
Paragon 28, Inc.		(1,796	)		(22,773	)		29.4
Park National Corp.		(450	)		(58,806	)		76.0
Patterson Cos., Inc.		(5,214	)		(155,690	)		201.3
Paycor HCM, Inc.		(4,691	)		(91,146	)		117.8
Peakstone Realty Trust, Class E		(16,897	)		(244,669	)		316.3
Pediatrix Medical Group, Inc.		(25,894	)		(242,368	)		313.3
PennyMac Financial Services, Inc., Class A		(327	)		(28,521	)		36.9
Peoples Bancorp, Inc.		(26,794	)		(785,064	)		1,014.8
Phillips Edison & Co., Inc.		(92,855	)		(3,222,997	)		4,166.2
Phinia, Inc.		(129,311	)		(3,910,365	)		5,054.7
Piedmont Lithium, Inc.		(124,639	)		(1,904,484	)		2,461.8
Piper Sandler Cos		(5,398	)		(936,499	)		1,210.6
PJT Partners, Inc., Class A		(4,026	)		(387,180	)		500.5
Plexus Corp.		(4,717	)		(446,794	)		577.5
Plymouth Industrial REIT, Inc.		(958	)		(21,210	)		27.4
PotlatchDeltic Corp.		(1,229	)		(54,973	)		71.1
Powell Industries, Inc.		(3,988	)		(472,698	)		611.0
ProAssurance Corp.		(150,267	)		(2,022,594	)		2,614.5
ProFrac Holding Corp., Class A		(37,130	)		(293,698	)		379.6
ProPetro Holding Corp.		(5,388	)		(45,582	)		58.9
QuantumScape Corp., Class A		(207,904	)		(1,415,826	)		1,830.2
Ramaco Resources, Inc., Class A		(92,448	)		(1,745,418	)		2,256.2
Ready Capital Corp.		(171,104	)		(1,603,244	)		2,072.4
REC Silicon ASA		(876,878	)		(1,026,331	)		1,326.7
Reliance Worldwide Corp. Ltd.		(17,147	)		(46,963	)		60.7
Retail Opportunity Investments Corp.		(19,376	)		(263,320	)		340.4
Rocket Lab USA, Inc., Class A		(4,932	)		(23,920	)		30.9
Rush Enterprises, Inc., Class A		(14,432	)		(648,141	)		837.8
S&T Bancorp, Inc.		(4,904	)		(163,499	)		211.3
Safety Insurance Group, Inc.		(26,174	)		(2,180,556	)		2,818.7
Schrodinger, Inc.		(11,680	)		(308,936	)		399.3
Seacoast Banking Corp. of Florida		(72,144	)		(1,771,857	)		2,290.4
Sensient Technologies Corp.		(7,843	)		(486,501	)		628.9
Shenandoah Telecommunications Co.		(29,932	)		(613,307	)		792.8
Signet Jewelers Ltd.		(6,995	)		(695,863	)		899.5
Silgan Holdings, Inc.		(23,369	)		(1,073,572	)		1,387.7
SilverBow Resources, Inc.		(22,154	)		(588,410	)		760.6
Simply Good Foods Co.		(29,922	)		(1,131,052	)		1,462.0

Security	Shares			Value			% of Basket Value
United States (continued)
Sitio Royalties Corp., Class A		(233,118	)	$	(4,972,407	)		6,427.5	%
Six Flags Entertainment Corp.		(61,061	)		(1,539,348	)		1,989.8
Skyward Specialty Insurance Group, Inc.		(9,294	)		(289,043	)		373.6
SkyWater Technology, Inc.		(68,974	)		(595,935	)		770.3
Solo Brands, Inc., Class A		(172,117	)		(480,206	)		620.7
Southern Missouri Bancorp, Inc.		(20,638	)		(900,023	)		1,163.4
Standex International Corp.		(1,698	)		(250,727	)		324.1
Stellar Bancorp, Inc.		(1,809	)		(45,279	)		58.5
Stepan Co.		(1,782	)		(159,079	)		205.6
StepStone Group, Inc., Class A		(96,216	)		(3,218,425	)		4,160.3
Stericycle, Inc.		(48,082	)		(2,307,936	)		2,983.3
Sterling Check Corp.		(43,852	)		(598,141	)		773.2
Steven Madden Ltd.		(17,141	)		(717,865	)		927.9
Stride, Inc.		(17,491	)		(1,048,585	)		1,355.4
Sun Country Airlines Holdings, Inc.		(34,565	)		(470,430	)		608.1
SunCoke Energy, Inc.		(23,239	)		(238,200	)		307.9
SunPower Corp.		(236,871	)		(717,719	)		927.8
Sunrun, Inc.		(4,899	)		(70,938	)		91.7
Talos Energy, Inc.		(22,878	)		(296,728	)		383.6
Target Hospitality Corp.		(191,112	)		(1,848,053	)		2,388.9
Taro Pharmaceutical Industries Ltd.		(1,971	)		(84,852	)		109.7
Tarsus Pharmaceuticals, Inc.		(1,718	)		(46,798	)		60.5
Telephone and Data Systems, Inc.		(28,240	)		(542,490	)		701.2
Tidewater, Inc.		(34,254	)		(2,301,526	)		2,975.0
TimkenSteel Corp.		(81,555	)		(1,675,955	)		2,166.4
Tootsie Roll Industries, Inc.		(10,522	)		(342,912	)		443.3
Topgolf Callaway Brands Corp.		(6,380	)		(84,025	)		108.6
Towne Bank		(53,914	)		(1,515,523	)		1,959.0
Transcat, Inc.		(279	)		(30,701	)		39.7
TransMedics Group, Inc.		(23,117	)		(1,982,745	)		2,563.0
Treace Medical Concepts, Inc.		(1,743	)		(23,496	)		30.4
TreeHouse Foods, Inc.		(135,811	)		(5,717,643	)		7,390.9
TriCo Bancshares		(639	)		(23,228	)		30.0
U.S. Physical Therapy, Inc.		(6,237	)		(575,426	)		743.8
Ubiquiti, Inc.		(14,878	)		(1,870,760	)		2,418.2
UFP Technologies, Inc.		(1,832	)		(308,710	)		399.1
Ultra Clean Holdings, Inc.		(2,990	)		(114,218	)		147.6
UniFirst Corp.		(122	)		(20,669	)		26.7
United Community Banks, Inc.		(50,640	)		(1,384,498	)		1,789.7
United States Cellular Corp.		(10,745	)		(477,078	)		616.7
Uniti Group, Inc.		(178,680	)		(939,857	)		1,214.9
Universal Corp.		(805	)		(46,650	)		60.3
Uranium Energy Corp.		(128,933	)		(985,048	)		1,273.3
Utz Brands, Inc., Class A		(232,729	)		(4,119,303	)		5,324.8
UWM Holdings Corp., Class A		(6,250	)		(41,875	)		54.1
V2X, Inc.		(7,437	)		(289,225	)		373.9
Vector Group Ltd.		(361,641	)		(3,786,381	)		4,894.4
Virtus Investment Partners, Inc.		(87	)		(20,542	)		26.6
Vishay Intertechnology, Inc.		(29,249	)		(635,581	)		821.6
Vista Outdoor, Inc.		(115,409	)		(3,239,531	)		4,187.6
Vital Energy, Inc.		(72,523	)		(3,178,683	)		4,108.9
Vitesse Energy, Inc.		(18,537	)		(389,462	)		503.4
Warrior Met Coal, Inc.		(11,196	)		(718,447	)		928.7
Werner Enterprises, Inc.		(4,641	)		(183,552	)		237.3
Westrock Coffee Co.		(20,237	)		(209,655	)		271.0
White Mountains Insurance Group Ltd.		(476	)		(750,162	)		969.7
Whitestone REIT		(155,197	)		(2,005,145	)		2,591.9
WK Kellogg Co.		(14,229	)		(184,835	)		238.9
Worthington Enterprises, Inc.		(2,186	)		(124,689	)		161.2

37  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Worthington Steel, Inc.		(18,914	)	$	(566,474	)		732.2	%
XPEL, Inc.		(36,440	)		(1,947,718	)		2,517.7
					(247,283,409	)
Investment Companies
United Kingdom
Digital 9 Infrastructure PLC		(187,887	)		(59,468	)		76.9
Total Reference Entity — Short					(353,851,278	)
Net Value of Reference Entity — Barclays Bank PLC				$	(77,361	)

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with BNP Paribas SA as of period end, termination dates 03/21/25 — 12/15/26:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
AGL Energy Ltd.		185,708	$	1,065,360		(6.3	)%
Aristocrat Leisure Ltd.		61,394		1,794,649		(10.6	)
BHP Group Ltd., Class DI		276,156		8,544,177		(50.6	)
Charter Hall Group		35,654		282,185		(1.7	)
Flight Centre Travel Group Ltd.		37,146		520,762		(3.1	)
Fortescue Ltd.		34,739		673,829		(4.0	)
Rio Tinto Ltd.		20,311		1,765,852		(10.4	)
Woolworths Group Ltd.		3,282		77,171		(0.5	)
Worley Ltd.		25,854		252,400		(1.5	)
				14,976,385
Austria
BAWAG Group AG		38,809		2,021,889		(12.0	)
Belgium
Liberty Global Ltd., Class C		49,216		1,030,583		(6.1	)
Sofina SA		4,036		977,661		(5.8	)
Syensqo SA		13,115		1,185,830		(7.0	)
Warehouses De Pauw CVA		6,717		199,183		(1.2	)
				3,393,257
Canada
Algonquin Power & Utilities Corp.		56,085		332,811		(2.0	)
Barrick Gold Corp.		177,703		2,778,587		(16.5	)
BCE, Inc.		53,089		2,145,920		(12.7	)
Brookfield Corp., Class A		21,486		852,854		(5.1	)
Canadian Imperial Bank of Commerce		17,722		799,152		(4.7	)
Capital Power Corp.		16,462		452,465		(2.7	)
Cenovus Energy, Inc.		58,115		942,309		(5.6	)
Descartes Systems Group, Inc.		2,084		182,637		(1.1	)
Element Fleet Management Corp.		65,967		1,113,851		(6.6	)
Emera, Inc.		29,350		1,038,210		(6.1	)
Enerplus Corp.		79,161		1,150,408		(6.8	)
FirstService Corp.		3,169		530,868		(3.1	)
Franco-Nevada Corp.		5,998		647,277		(3.8	)
Gibson Energy, Inc.		4,902		78,317		(0.5	)
Gildan Activewear, Inc.		17,958		593,184		(3.5	)
Imperial Oil Ltd.		7,266		419,509		(2.5	)
Keyera Corp.		19,143		463,461		(2.7	)

Security	Shares		Value		% of Basket Value
Canada (continued)
Magna International, Inc.		11,323	$	644,102		(3.8	)%
MEG Energy Corp.		13,516		255,781		(1.5	)
Methanex Corp.		10,500		466,070		(2.8	)
Pembina Pipeline Corp.		34,890		1,202,913		(7.1	)
Stantec, Inc.		1,378		110,467		(0.7	)
TELUS Corp.		86,721		1,554,710		(9.2	)
Tourmaline Oil Corp.		28,125		1,216,791		(7.2	)
TransAlta Corp.		8,212		59,553		(0.4	)
West Fraser Timber Co. Ltd.		5,615		446,957		(2.6	)
WSP Global, Inc.		511		75,137		(0.4	)
				20,554,301
Denmark
AP Moller - Maersk A/S, Class B		177		330,630		(2.0	)
DSV A/S		12,157		2,203,181		(13.0	)
Genmab A/S		1,260		353,229		(2.1	)
Orsted A/S		3,515		200,676		(1.2	)
				3,087,716
Finland
Wartsila OYJ Abp		118,240		1,766,048		(10.5	)
Germany
Bayerische Motoren Werke AG		11,547		1,208,768		(7.1	)
Covestro AG		13,833		740,240		(4.4	)
GEA Group AG		16,221		658,078		(3.9	)
Heidelberg Materials AG		11,838		1,107,617		(6.6	)
HUGO BOSS AG, Ordinary Shares		10,067		638,375		(3.8	)
K&S AG, Class N		28,993		411,690		(2.4	)
KION Group AG		16,821		776,744		(4.6	)
LANXESS AG		23,670		640,983		(3.8	)
Nemetschek SE		6,694		625,079		(3.7	)
Puma SE		9,075		368,637		(2.2	)
RWE AG		126,529		4,736,388		(28.0	)
Solarworld AG		10		3		(0.0	)
thyssenkrupp AG		210,995		1,320,079		(7.8	)
				13,232,681
Hong Kong
AIA Group Ltd.		39,600		310,356		(1.8	)
Futu Holdings Ltd., ADR		7,770		363,014		(2.2	)
Hang Lung Properties Ltd.		136,000		157,775		(0.9	)
Hongkong Land Holdings Ltd.		90,100		281,248		(1.7	)
New World Development Co. Ltd.		112,000		137,176		(0.8	)
Swire Pacific Ltd., Class A		90,500		699,746		(4.1	)
Swire Properties Ltd.		431,000		804,899		(4.8	)
				2,754,214
Ireland
Kerry Group PLC, Class A		17,762		1,602,791		(9.5	)
Smurfit Kappa Group PLC		58,423		2,200,590		(13.0	)
				3,803,381
Israel
Nice Ltd.		1,486		299,268		(1.7	)
Nova Ltd.		5,003		724,485		(4.3	)
Wix.com Ltd.		5,965		756,839		(4.5	)
				1,780,592
Italy
A2A SpA		1,063,087		2,136,239		(12.7	)
Banco BPM SpA		62,682		342,486		(2.0	)
Ferrari NV		568		200,654		(1.2	)
Infrastrutture Wireless Italiane SpA		19,578		239,993		(1.4	)
Intesa Sanpaolo SpA		605,612		1,889,897		(11.2	)

S C H E D U L E  O F   I N V E S T M E N T S 38

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Italy (continued)
Mediobanca Banca di Credito Finanziario SpA		112,643	$	1,510,188		(8.9	)%
Moncler SpA		12,637		787,156		(4.7	)
Prysmian SpA		6,369		284,057		(1.7	)
Recordati Industria Chimica e Farmaceutica SpA		549		30,698		(0.2	)
Snam SpA		38,511		190,808		(1.1	)
				7,612,176
Japan
ABC-Mart, Inc.		15,200		265,968		(1.6	)
Aeon Co. Ltd.		33,000		795,513		(4.7	)
Amada Co. Ltd.		44,400		483,762		(2.9	)
Asahi Kasei Corp.		28,500		218,175		(1.3	)
Brother Industries Ltd.		23,200		392,312		(2.3	)
Central Japan Railway Co.		87,700		2,208,254		(13.1	)
Denso Corp.		13,600		212,642		(1.3	)
DMG Mori Co. Ltd.		38,700		781,980		(4.6	)
Fast Retailing Co. Ltd.		13,900		3,746,388		(22.2	)
Hulic Co. Ltd.		44,100		491,529		(2.9	)
ITOCHU Corp.		30,400		1,392,843		(8.2	)
J Front Retailing Co. Ltd.		181,300		1,695,153		(10.0	)
Japan Post Holdings Co. Ltd.		133,100		1,285,661		(7.6	)
Japan Tobacco, Inc.		2,500		65,655		(0.4	)
JFE Holdings, Inc.		48,800		777,748		(4.6	)
JGC Holdings Corp.		13,500		159,292		(0.9	)
Kakaku.com, Inc.		62,800		721,278		(4.3	)
Kirin Holdings Co. Ltd.		94,400		1,369,916		(8.1	)
Komatsu Ltd.		67,300		1,931,666		(11.4	)
Kubota Corp.		64,600		987,120		(5.8	)
Kyowa Kirin Co. Ltd.		59,200		941,926		(5.6	)
Lawson, Inc.		95,500		5,510,166		(32.6	)
MEIJI Holdings Co. Ltd.		37,400		912,446		(5.4	)
Mitsubishi Chemical Group Corp.		37,600		228,916		(1.4	)
Mitsubishi UFJ Financial Group, Inc.		609,400		5,744,907		(34.0	)
Mitsui & Co. Ltd.		86,700		3,549,708		(21.0	)
Mitsui Fudosan Co. Ltd.		77,700		1,969,379		(11.7	)
Mizuho Financial Group, Inc.		170,700		3,126,787		(18.5	)
MS&AD Insurance Group Holdings, Inc.		700		29,173		(0.2	)
NH Foods Ltd.		24,600		850,268		(5.0	)
Nihon M&A Center Holdings, Inc.		147,000		890,911		(5.3	)
Nikon Corp.		88,800		914,639		(5.4	)
Nippon Express Holdings, Inc.		5,100		306,423		(1.8	)
Nippon Shinyaku Co. Ltd.		17,900		638,381		(3.8	)
Nissan Motor Co. Ltd.		127,400		504,813		(3.0	)
Nisshin Seifun Group, Inc.		103,600		1,458,857		(8.6	)
Nomura Research Institute Ltd.		12,400		382,902		(2.3	)
NSK Ltd.		214,700		1,181,541		(7.0	)
Obayashi Corp.		24,500		228,912		(1.4	)
Obic Co. Ltd.		9,700		1,505,718		(8.9	)
Ono Pharmaceutical Co. Ltd.		12,400		225,646		(1.3	)
Oracle Corp. Japan		2,800		222,831		(1.3	)
Otsuka Corp.		123,200		5,225,124		(30.9	)
Otsuka Holdings Co. Ltd.		35,300		1,401,038		(8.3	)
Panasonic Holdings Corp.		622,900		5,923,476		(35.1	)
Rakuten Group, Inc.		380,400		1,686,999		(10.0	)
Resona Holdings, Inc.		39,600		220,542		(1.3	)
Ricoh Co. Ltd.		103,200		819,158		(4.9	)
Sapporo Holdings Ltd.		700		32,246		(0.2	)
SCREEN Holdings Co. Ltd.		4,500		443,682		(2.6	)
SCSK Corp.		12,400		245,845		(1.5	)
Sega Sammy Holdings, Inc.		69,700		1,035,512		(6.1	)
Seiko Epson Corp.		5,400		79,611		(0.5	)

Security	Shares		Value		% of Basket Value
Japan (continued)
Sekisui House Ltd.		76,000	$	1,730,398		(10.2	)%
Shimizu Corp.		39,700		268,334		(1.6	)
SoftBank Group Corp.		50,400		2,196,725		(13.0	)
Sumitomo Corp.		34,100		789,395		(4.7	)
Sumitomo Metal Mining Co. Ltd.		11,900		332,171		(2.0	)
Sumitomo Mitsui Financial Group, Inc.		115,100		6,013,932		(35.6	)
Suntory Beverage & Food Ltd.		22,800		745,691		(4.4	)
TIS, Inc.		27,000		606,493		(3.6	)
Tokyo Electron Ltd.		9,700		1,815,896		(10.8	)
Tokyo Tatemono Co. Ltd.		82,800		1,288,410		(7.6	)
Tokyu Fudosan Holdings Corp.		19,600		132,364		(0.8	)
Tsuruha Holdings, Inc.		5,700		455,830		(2.7	)
Yakult Honsha Co. Ltd.		17,500		385,963		(2.3	)
				85,182,940
Luxembourg
ArcelorMittal SA		71,808		2,002,937		(11.9	)
Macau
Galaxy Entertainment Group Ltd.		30,000		155,601		(0.9	)
Netherlands
ABN AMRO Bank NV, CVA		221,381		3,297,651		(19.5	)
ASR Nederland NV		20,157		962,328		(5.7	)
ING Groep NV		61,266		881,895		(5.2	)
NN Group NV		33,153		1,373,943		(8.2	)
Redcare Pharmacy NV		1,934		271,760		(1.6	)
				6,787,577
New Zealand
Xero Ltd.		3,438		249,817		(1.5	)
Norway
Aker BP ASA		10,916		293,667		(1.7	)
Equinor ASA		54,078		1,569,621		(9.3	)
Gjensidige Forsikring ASA		18,552		303,185		(1.8	)
Kongsberg Gruppen ASA		11,099		573,743		(3.4	)
Var Energi ASA		92,041		270,984		(1.6	)
				3,011,200
Puerto Rico
Popular, Inc.		5,835		498,601		(2.9	)
Singapore
Sembcorp Industries Ltd.		370,700		1,569,122		(9.3	)
Singapore Airlines Ltd.		18,200		90,857		(0.5	)
				1,659,979
Spain
Banco Bilbao Vizcaya Argentaria SA		212,459		2,013,830		(11.9	)
Banco de Sabadell SA		1,907,454		2,507,519		(14.8	)
Bankinter SA		140,245		878,292		(5.2	)
EDP Renovaveis SA		62,145		1,021,284		(6.1	)
Fluidra SA		3,751		82,234		(0.5	)
Grifols SA, Class A		24,960		275,091		(1.6	)
Industria de Diseno Textil SA		52,870		2,289,818		(13.6	)
Repsol SA		40,290		602,722		(3.6	)
				9,670,790
Sweden
Atlas Copco AB, Class A		6,384		101,896		(0.6	)
Electrolux AB, Class B		20,865		196,760		(1.2	)

39  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Sweden (continued)
Elekta AB, B Shares		40,217	$	305,945		(1.8	)%
Volvo Car AB, Class B		15,580		40,946		(0.2	)
				645,547
Switzerland
ABB Ltd., Class N		95,001		4,047,218		(24.0	)
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates		130		1,662,270		(9.8	)
Chocoladefabriken Lindt & Spruengli AG, Class N		2		255,485		(1.5	)
Flughafen Zurich AG, Class N		3,625		754,070		(4.5	)
Logitech International SA, Class N		13,892		1,174,408		(6.9	)
Temenos AG, Class N		5,209		534,034		(3.2	)
				8,427,485
United Kingdom
Auto Trader Group PLC		89,782		829,478		(4.9	)
Aviva PLC		284,040		1,557,105		(9.2	)
British Land Co. PLC		279,573		1,349,042		(8.0	)
BT Group PLC		151,553		215,442		(1.3	)
Burberry Group PLC		7,288		120,533		(0.7	)
Drax Group PLC		54,391		352,585		(2.1	)
easyJet PLC		370,394		2,603,382		(15.4	)
Hammerson PLC		40		14		(0.0	)
IMI PLC		5,705		121,489		(0.7	)
Informa PLC		4,319		42,597		(0.3	)
J Sainsbury PLC		546,540		1,874,627		(11.1	)
Just Eat Takeaway.com NV		85,177		1,300,196		(7.7	)
Land Securities Group PLC		117,645		996,207		(5.9	)
Marks & Spencer Group PLC		384,865		1,206,918		(7.2	)
NatWest Group PLC		908,756		2,574,852		(15.2	)
Smiths Group PLC		123,950		2,551,671		(15.1	)
Spectris PLC		126,971		5,935,382		(35.1	)
Tesco PLC		806,405		2,935,145		(17.4	)
Tritax Big Box REIT PLC		245,713		516,656		(3.1	)
Vodafone Group PLC		3,920,987		3,347,874		(19.8	)
Weir Group PLC		43,208		997,544		(5.9	)
Whitbread PLC		14,963		681,265		(4.0	)
Wise PLC, Class A		52,332		536,310		(3.2	)
				32,646,314
United States
A O Smith Corp.		15,288		1,186,502		(7.0	)
AbbVie, Inc.		733		120,505		(0.7	)
Academy Sports & Outdoors, Inc.		8,746		548,637		(3.2	)
Adient PLC		4,712		163,554		(1.0	)
Adobe, Inc.		3,085		1,905,851		(11.3	)
Advanced Drainage Systems, Inc.		4,977		649,100		(3.8	)
AECOM		8,476		747,498		(4.4	)
AES Corp.		27,002		450,393		(2.7	)
Agilent Technologies, Inc.		19,025		2,475,153		(14.7	)
Alaska Air Group, Inc.		19,245		689,548		(4.1	)
Alcoa Corp.		86,826		2,583,073		(15.3	)
Align Technology, Inc.		2,402		642,103		(3.8	)
Alkermes PLC		21,440		579,952		(3.4	)
Alnylam Pharmaceuticals, Inc.		227		39,251		(0.2	)
Amazon.com, Inc.		19,765		3,067,528		(18.2	)
Amdocs Ltd.		21,766		1,995,507		(11.8	)
AMETEK, Inc.		9,821		1,591,493		(9.4	)
Amgen, Inc.		634		199,241		(1.2	)
Antero Resources Corp.		2,543		56,811		(0.3	)
Aon PLC, Class A		382		114,000		(0.7	)
Asbury Automotive Group, Inc.		777		162,440		(1.0	)

Security	Shares		Value		% of Basket Value
United States (continued)
AT&T, Inc.		2,567	$	45,410		(0.3	)%
AutoNation, Inc.		10,428		1,456,374		(8.6	)
Avnet, Inc.		5,332		241,540		(1.4	)
Axis Capital Holdings Ltd.		3,629		215,998		(1.3	)
Bank of America Corp.		24,322		827,191		(4.9	)
Best Buy Co., Inc.		39,054		2,831,024		(16.8	)
BioMarin Pharmaceutical, Inc.		4,523		398,386		(2.4	)
Block, Inc., Class A		60,061		3,904,566		(23.1	)
Box, Inc., Class A		40,339		1,048,007		(6.2	)
Boyd Gaming Corp.		8,788		557,950		(3.3	)
Bridgebio Pharma, Inc.		5,394		184,960		(1.1	)
BRP, Inc.		7,609		480,635		(2.8	)
Bruker Corp.		14,437		1,032,390		(6.1	)
Builders FirstSource, Inc.		8,157		1,417,116		(8.4	)
Bunge Global SA		1,685		148,432		(0.9	)
Cable One, Inc.		203		111,433		(0.7	)
CACI International, Inc., Class A		3,142		1,080,000		(6.4	)
Cadence Design Systems, Inc.		2,526		728,650		(4.3	)
Camden Property Trust		18,764		1,760,814		(10.4	)
Carnival PLC		41,316		623,435		(3.7	)
Cencora, Inc.		6,360		1,479,845		(8.8	)
CH Robinson Worldwide, Inc.		21,963		1,846,869		(10.9	)
Chemed Corp.		2,744		1,626,616		(9.6	)
Ciena Corp.		13,397		710,041		(4.2	)
Cincinnati Financial Corp.		1,481		164,095		(1.0	)
Cirrus Logic, Inc.		11,779		909,339		(5.4	)
Citizens Financial Group, Inc.		5,333		174,389		(1.0	)
Clarivate PLC		300,044		2,682,393		(15.9	)
Coca-Cola Co.		17,213		1,024,001		(6.1	)
Cognex Corp.		19,087		689,804		(4.1	)
Coterra Energy, Inc.		8,558		212,923		(1.3	)
Credit Acceptance Corp.		2,330		1,260,693		(7.5	)
D.R. Horton, Inc.		14,872		2,125,358		(12.6	)
Deckers Outdoor Corp.		417		314,305		(1.9	)
Devon Energy Corp.		111,089		4,667,960		(27.6	)
Domino’s Pizza, Inc.		2,380		1,014,404		(6.0	)
eBay, Inc.		112,056		4,602,140		(27.2	)
EMCOR Group, Inc.		14,012		3,196,277		(18.9	)
EOG Resources, Inc.		9,861		1,122,083		(6.6	)
Equity Residential		14,026		844,225		(5.0	)
Etsy, Inc.		11,863		789,601		(4.7	)
Exact Sciences Corp.		2,761		180,569		(1.1	)
Exelixis, Inc.		50,359		1,095,812		(6.5	)
F5, Inc.		1,761		323,496		(1.9	)
Fair Isaac Corp.		1,081		1,295,935		(7.7	)
Ferrovial SE		1,823		69,760		(0.4	)
Fidelity National Information Services, Inc.		41,775		2,600,911		(15.4	)
First American Financial Corp.		3,460		208,811		(1.2	)
First Industrial Realty Trust, Inc.		1,519		78,259		(0.5	)
Flex Ltd.		30,444		722,741		(4.3	)
Flowserve Corp.		15,762		629,377		(3.7	)
Fluor Corp.		50,695		1,911,708		(11.3	)
Fox Corp., Class A		41,626		1,344,520		(8.0	)
Fox Corp., Class B		13,960		418,940		(2.5	)
Franklin Resources, Inc.		9,261		246,620		(1.5	)
General Motors Co.		27,935		1,083,878		(6.4	)
GoDaddy, Inc., Class A		9,804		1,045,695		(6.2	)
Graco, Inc.		4,965		423,515		(2.5	)
Guidewire Software, Inc.		3,646		407,185		(2.4	)
H&R Block, Inc.		9,686		453,692		(2.7	)
Halozyme Therapeutics, Inc.		8,791		297,575		(1.8	)

S C H E D U L E  O F   I N V E S T M E N T S 40

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United States (continued)
Harley-Davidson, Inc.		27,169	$	881,634		(5.2	)%
Helmerich & Payne, Inc.		35,513		1,429,753		(8.5	)
Hilton Grand Vacations, Inc.		9,401		392,022		(2.3	)
Holcim AG		39,011		3,003,541		(17.8	)
HP, Inc.		58,069		1,667,161		(9.9	)
Huntsman Corp.		42,152		1,034,410		(6.1	)
IDEXX Laboratories, Inc.		1,684		867,395		(5.1	)
Incyte Corp.		9,309		547,090		(3.2	)
International Paper Co.		24,365		872,998		(5.2	)
Invesco Ltd.		91,191		1,443,554		(8.5	)
Invitation Homes, Inc.		5,706		187,899		(1.1	)
Ionis Pharmaceuticals, Inc.		7,064		363,019		(2.2	)
Iridium Communications, Inc.		4,066		147,433		(0.9	)
ITT, Inc.		2,243		270,910		(1.6	)
Jack Henry & Associates, Inc.		14,614		2,423,440		(14.3	)
James Hardie Industries PLC, CDI		41,489		1,579,758		(9.4	)
Jones Lang LaSalle, Inc.		7,683		1,360,352		(8.1	)
KeyCorp		119,415		1,735,100		(10.3	)
Keysight Technologies, Inc.		2,370		363,226		(2.2	)
KLA Corp.		542		321,970		(1.9	)
Lamar Advertising Co., Class A		9,550		999,694		(5.9	)
Landstar System, Inc.		2,654		508,825		(3.0	)
Lattice Semiconductor Corp.		7,267		442,270		(2.6	)
Lennar Corp., Class A		10,170		1,523,975		(9.0	)
Liberty Media Corp.-Liberty SiriusXM		6,029		183,040		(1.1	)
Lockheed Martin Corp.		1,218		523,021		(3.1	)
Louisiana-Pacific Corp.		33,649		2,239,341		(13.3	)
Lyft, Inc., Class A		139,438		1,741,581		(10.3	)
Manhattan Associates, Inc.		22,965		5,570,390		(33.0	)
Marathon Oil Corp.		34,881		797,031		(4.7	)
Marsh & McLennan Cos., Inc.		19,710		3,820,586		(22.6	)
Masco Corp.		13,389		900,946		(5.3	)
Medtronic PLC		5,278		462,036		(2.7	)
Mettler-Toledo International, Inc.		1,816		2,174,097		(12.9	)
MGIC Investment Corp.		17,185		340,950		(2.0	)
MGM Resorts International		36,208		1,570,341		(9.3	)
Microsoft Corp.		15,862		6,306,414		(37.3	)
Molina Healthcare, Inc.		598		213,151		(1.3	)
Moody’s Corp.		7,791		3,054,384		(18.1	)
MSCI, Inc., Class A		3,155		1,888,646		(11.2	)
Murphy USA, Inc.		1,281		451,578		(2.7	)
Nasdaq, Inc.		18,689		1,079,664		(6.4	)
NetApp, Inc.		9,405		820,116		(4.9	)
Neurocrine Biosciences, Inc.		3,680		514,354		(3.0	)
Nutanix, Inc., Class A		1,787		100,429		(0.6	)
NVR, Inc.		21		148,581		(0.9	)
OGE Energy Corp.		16,860		560,426		(3.3	)
OneMain Holdings, Inc.		22,421		1,067,240		(6.3	)
O’Reilly Automotive, Inc.		798		816,394		(4.8	)
Oshkosh Corp.		24,454		2,692,385		(15.9	)
Otis Worldwide Corp.		5,560		491,726		(2.9	)
Owens Corning		779		118,042		(0.7	)
Paramount Global, Class B		198,423		2,894,992		(17.1	)
Penske Automotive Group, Inc.		10,927		1,621,239		(9.6	)
Perrigo Co. PLC		747		23,964		(0.1	)
Pfizer, Inc.		46,997		1,272,679		(7.5	)
Pool Corp.		173		64,226		(0.4	)
Post Holdings, Inc.		23,448		2,177,616		(12.9	)
Primo Water Corp.		29,387		429,258		(2.5	)
Prudential Financial, Inc.		1,427		149,735		(0.9	)
PulteGroup, Inc.		19,729		2,062,864		(12.2	)

Security	Shares		Value		% of Basket Value
United States (continued)
Pure Storage, Inc., Class A		8,565	$	342,514		(2.0	)%
QUALCOMM, Inc.		437		64,899		(0.4	)
Qualys, Inc.		4,075		770,868		(4.6	)
Regions Financial Corp.		3,983		74,363		(0.4	)
Reinsurance Group of America, Inc.		18,568		3,228,790		(19.1	)
ResMed, Inc.		642		122,108		(0.7	)
RH		1,621		410,891		(2.4	)
Robert Half, Inc.		3,298		262,323		(1.6	)
Roche Holding AG - BR		1,491		455,491		(2.7	)
S&P Global, Inc.		254		113,881		(0.7	)
Sarepta Therapeutics, Inc.		1,270		151,117		(0.9	)
SEI Investments Co.		7,802		493,398		(2.9	)
Service Corp. International		34,879		2,341,078		(13.9	)
Signify NV		13,132		399,352		(2.4	)
Silicon Laboratories, Inc.		6,998		863,273		(5.1	)
Skechers USA, Inc., Class A		14,442		901,758		(5.3	)
Spotify Technology SA		19,038		4,099,833		(24.3	)
Steel Dynamics, Inc.		259		31,259		(0.2	)
Synchrony Financial		3,707		144,091		(0.9	)
Synopsys, Inc.		1,347		718,422		(4.3	)
Synovus Financial Corp.		48,852		1,839,766		(10.9	)
Sysco Corp.		2,982		241,333		(1.4	)
T Rowe Price Group, Inc.		3,604		390,854		(2.3	)
TD SYNNEX Corp.		892		89,182		(0.5	)
TE Connectivity Ltd.		18,314		2,604,068		(15.4	)
Tenet Healthcare Corp.		5,023		415,603		(2.5	)
Teradata Corp.		36,550		1,687,879		(10.0	)
Teradyne, Inc.		18,719		1,808,068		(10.7	)
Tetra Tech, Inc.		235		37,172		(0.2	)
Toll Brothers, Inc.		8,027		797,482		(4.7	)
Transocean Ltd.		17,361		94,791		(0.6	)
Trex Co., Inc.		22,899		1,865,811		(11.0	)
Truist Financial Corp.		12,071		447,351		(2.6	)
U.S. Foods Holding Corp.		19,265		886,383		(5.2	)
UFP Industries, Inc.		2,865		325,034		(1.9	)
UGI Corp.		111,470		2,467,946		(14.6	)
Ulta Beauty, Inc.		1,914		960,924		(5.7	)
United Therapeutics Corp.		2,103		451,682		(2.7	)
Valero Energy Corp.		17,762		2,467,142		(14.6	)
Valmont Industries, Inc.		4,810		1,085,665		(6.4	)
Veeva Systems, Inc., Class A		9,474		1,965,002		(11.6	)
VeriSign, Inc.		30,392		6,044,361		(35.8	)
Visa, Inc., Class A		7,020		1,918,285		(11.4	)
Visteon Corp.		3,414		393,600		(2.3	)
Vulcan Materials Co.		6,863		1,551,107		(9.2	)
Wayfair, Inc., Class A		574		28,844		(0.2	)
West Pharmaceutical Services, Inc.		1,664		620,722		(3.7	)
Westinghouse Air Brake Technologies Corp.		20,020		2,634,031		(15.6	)
Westlake Corp.		15,504		2,144,978		(12.7	)
WEX, Inc.		12,354		2,525,034		(15.0	)
Weyerhaeuser Co.		29,897		979,725		(5.8	)
Workday, Inc., Class A		461		134,183		(0.8	)
Zillow Group, Inc., Class C		23,221		1,319,882		(7.8	)
Zions Bancorp NA		5,781		242,224		(1.4	)
Zoetis, Inc., Class A		2,990		561,552		(3.3	)
				221,087,078

41  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Preferred Stocks
Germany
Bayerische Motoren Werke AG		1,688		$	167,083			(1.0	)%
Total Reference Entity — Long				447,175,589
Reference Entity — Short
Common Stocks
Australia
ANZ Group Holdings Ltd.		(22,034	)		(390,503	)		2.3
APA Group		(177,028	)		(990,476	)		5.9
ASX Ltd.		(118,630	)		(5,146,028	)		30.5
Aurizon Holdings Ltd.		(486,372	)		(1,217,220	)		7.2
Beach Energy Ltd.		(1,089,904	)		(1,186,934	)		7.0
Coles Group Ltd.		(118,800	)		(1,251,403	)		7.4
Commonwealth Bank of Australia		(21,403	)		(1,656,156	)		9.8
EBOS Group Ltd.		(22,374	)		(518,912	)		3.1
Endeavour Group Ltd.		(1,194,224	)		(4,432,233	)		26.2
Incitec Pivot Ltd.		(421,726	)		(748,184	)		4.4
Lottery Corp. Ltd.		(1,093,448	)		(3,635,514	)		21.5
Mineral Resources Ltd.		(17,869	)		(699,952	)		4.1
Mirvac Group		(1,145,809	)		(1,633,915	)		9.7
National Australia Bank Ltd.		(25,734	)		(550,625	)		3.3
NEXTDC Ltd.		(106,200	)		(976,049	)		5.8
Northern Star Resources Ltd.		(36,079	)		(314,165	)		1.9
Pilbara Minerals Ltd.		(34,171	)		(79,034	)		0.5
Qantas Airways Ltd.		(680,067	)		(2,486,696	)		14.7
Reece Ltd.		(82,999	)		(1,240,803	)		7.3
Santos Ltd.		(957,748	)		(4,913,429	)		29.1
SEEK Ltd.		(3,468	)		(58,059	)		0.3
Vicinity Ltd.		(23,664	)		(31,892	)		0.2
Wesfarmers Ltd.		(370,488	)		(14,215,238	)		84.2
Westpac Banking Corp.		(106,434	)		(1,688,567	)		10.0
					(50,061,987	)
Austria
Voestalpine AG		(9,790	)		(295,021	)		1.7
Belgium
Anheuser-Busch InBev SA		(61,856	)		(3,878,352	)		23.0
Elia Group SA/NV		(5,659	)		(690,925	)		4.1
					(4,569,277	)
Bermuda
RenaissanceRe Holdings Ltd.		(10,833	)		(2,478,915	)		14.7
Brazil
Yara International ASA		(967	)		(32,435	)		0.2
Canada
Canadian Apartment Properties REIT		(15,339	)		(532,980	)		3.2
Fairfax Financial Holdings Ltd.		(458	)		(477,825	)		2.8
iA Financial Corp., Inc.		(16,356	)		(1,112,929	)		6.6
Intact Financial Corp.		(6,019	)		(942,121	)		5.6
Loblaw Cos. Ltd.		(3,570	)		(356,847	)		2.1
Parkland Corp.		(4,788	)		(163,543	)		1.0
Peyto Exploration & Development Corp.		(49,999	)		(481,953	)		2.8
Quebecor, Inc., Class B		(59,214	)		(1,441,123	)		8.5
Rogers Communications, Inc., Class B		(10,105	)		(471,829	)		2.8
SNC-Lavalin Group, Inc.		(14,109	)		(468,360	)		2.8
TMX Group Ltd.		(14,965	)		(370,437	)		2.2
					(6,819,947	)

Security	Shares			Value			% of Basket Value
China
Wilmar International Ltd.		(57,900	)		$    (142,659	)		0.8	%
Denmark
Carlsberg A/S, Class B		(6,922	)		(902,311	)		5.3
Coloplast A/S, Class B		(9,392	)		(1,095,780	)		6.5
Danske Bank A/S		(146,466	)		(3,979,066	)		23.6
Vestas Wind Systems A/S		(3,697	)		(105,586	)		0.6
					(6,082,743	)
Finland
Elisa OYJ		(9,828	)		(453,929	)		2.7
Fortum OYJ		(56,720	)		(786,263	)		4.6
Kesko OYJ, Class B		(45,489	)		(900,305	)		5.3
Neste OYJ		(31,918	)		(1,113,630	)		6.6
Nokia OYJ		(492,046	)		(1,801,857	)		10.7
Orion OYJ, Class B		(1,699	)		(79,267	)		0.5
UPM-Kymmene OYJ		(42,900	)		(1,581,940	)		9.4
					(6,717,191	)
France
Adevinta ASA, Class B		(77,087	)		(840,607	)		5.0
Germany
AIXTRON SE		(1,854	)		(69,884	)		0.4
Bayer AG, Class N		(63,212	)		(1,992,188	)		11.8
Bechtle AG		(13,625	)		(715,376	)		4.3
Fresenius SE & Co. KGaA		(33,767	)		(961,085	)		5.7
Hannover Rueck SE, Class N		(1,549	)		(376,342	)		2.2
HelloFresh SE		(23,973	)		(321,377	)		1.9
Rheinmetall AG		(154	)		(54,629	)		0.3
Siemens Healthineers AG		(19,721	)		(1,103,074	)		6.5
					(5,593,955	)
Hong Kong
CLP Holdings Ltd.		(28,500	)		(226,547	)		1.3
Ireland
Aercap Holdings NV		(30,599	)		(2,342,659	)		13.9
Israel
Elbit Systems Ltd.		(123	)		(24,626	)		0.1
Global-e Online Ltd.		(14,711	)		(555,634	)		3.3
ICL Group Ltd.		(10,797	)		(47,661	)		0.3
Mobileye Global, Inc., Class A		(35,056	)		(906,548	)		5.4
Teva Pharmaceutical Industries Ltd., ADR		(8,695	)		(105,209	)		0.6
					(1,639,678	)
Italy
Assicurazioni Generali SpA		(64,213	)		(1,450,766	)		8.6
DiaSorin SpA		(2,440	)		(227,482	)		1.4
Eni SpA		(65,577	)		(1,059,595	)		6.3
Leonardo SpA		(31,854	)		(563,825	)		3.3
Nexi SpA		(6,427	)		(49,958	)		0.3
Poste Italiane SpA		(13,941	)		(153,216	)		0.9
					(3,504,842	)
Japan
AGC, Inc.		(161,800	)		(6,141,021	)		36.4
Bridgestone Corp.		(1,900	)		(82,567	)		0.5
Chiba Bank Ltd.		(15,700	)		(117,436	)		0.7
Chubu Electric Power Co., Inc.		(7,100	)		(93,008	)		0.5
Chugai Pharmaceutical Co. Ltd.		(8,700	)		(316,274	)		1.9
Daiwa House REIT Investment Corp.		(15	)		(26,759	)		0.2
East Japan Railway Co.		(26,100	)		(1,507,082	)		8.9

S C H E D U L E  O F   I N V E S T M E N T S 42

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Japan (continued)
Food & Life Cos. Ltd.		(3,300	)	$	(66,268	)		0.4	%
Fukuoka Financial Group, Inc.		(11,100	)		(275,269	)		1.6
Iida Group Holdings Co. Ltd.		(25,000	)		(381,265	)		2.3
Japan Airport Terminal Co. Ltd.		(800	)		(32,093	)		0.2
Japan Metropolitan Fund Invest		(95	)		(65,126	)		0.4
Japan Real Estate Investment Corp.		(176	)		(681,383	)		4.0
JSR Corp.		(125,700	)		(3,461,316	)		20.5
Keisei Electric Railway Co. Ltd.		(2,300	)		(105,154	)		0.6
Kikkoman Corp.		(50,100	)		(3,113,475	)		18.4
Kintetsu Group Holdings Co. Ltd.		(33,400	)		(1,040,847	)		6.2
Kyushu Electric Power Co., Inc.		(18,300	)		(138,324	)		0.8
Kyushu Railway Co.		(7,000	)		(155,326	)		0.9
Lasertec Corp.		(24,800	)		(6,514,952	)		38.6
MatsukiyoCocokara & Co.		(29,100	)		(534,081	)		3.2
MinebeaMitsumi, Inc.		(5,500	)		(114,745	)		0.7
Mitsubishi Motors Corp.		(925,700	)		(2,944,826	)		17.4
Mitsui OSK Lines Ltd.		(15,100	)		(547,337	)		3.2
Nippon Building Fund, Inc.		(812	)		(3,317,162	)		19.6
Nippon Sanso Holdings Corp.		(21,100	)		(540,007	)		3.2
Nippon Yusen KK		(13,900	)		(483,411	)		2.9
Nissan Chemical Corp.		(2,700	)		(108,752	)		0.6
Rakus Co. Ltd.		(17,200	)		(285,363	)		1.7
Rakuten Bank Ltd.		(4,500	)		(70,799	)		0.4
Rohto Pharmaceutical Co. Ltd.		(11,400	)		(235,579	)		1.4
Secom Co. Ltd.		(3,800	)		(278,563	)		1.6
Seven & i Holdings Co. Ltd.		(29,600	)		(1,180,145	)		7.0
SG Holdings Co. Ltd.		(12,700	)		(166,213	)		1.0
Shimano, Inc.		(23,531	)		(3,412,491	)		20.2
Shinko Electric Industries Co. Ltd.		(21,200	)		(791,328	)		4.7
SMC Corp.		(5,700	)		(3,203,954	)		19.0
Sony Group Corp.		(13,500	)		(1,336,574	)		7.9
Square Enix Holdings Co. Ltd.		(7,300	)		(288,013	)		1.7
SUMCO Corp.		(137,600	)		(2,106,585	)		12.5
Sumitomo Forestry Co. Ltd.		(19,000	)		(564,204	)		3.3
Taiyo Yuden Co. Ltd.		(194,000	)		(4,731,955	)		28.0
TDK Corp.		(92,000	)		(4,620,090	)		27.4
Tobu Railway Co. Ltd.		(12,100	)		(323,656	)		1.9
Tohoku Electric Power Co., Inc.		(31,400	)		(211,647	)		1.3
Tokyo Electric Power Co Holdings, Inc.		(184,300	)		(991,088	)		5.9
Tokyo Gas Co. Ltd.		(1,900	)		(44,079	)		0.3
Tokyo Seimitsu Co. Ltd.		(1,000	)		(65,372	)		0.4
Tokyu Corp.		(43,300	)		(513,109	)		3.0
Toyo Tire Corp.		(106,100	)		(1,773,741	)		10.5
Visional, Inc.		(2,800	)		(176,992	)		1.0
Welcia Holdings Co. Ltd.		(77,400	)		(1,317,672	)		7.8
West Japan Railway Co.		(18,000	)		(756,858	)		4.5
Yamato Holdings Co. Ltd.		(68,000	)		(1,187,147	)		7.0
Yokohama Rubber Co. Ltd.		(26,000	)		(621,074	)		3.7
					(64,159,557	)
Netherlands
ASM International NV		(1,196	)		(670,640	)		4.0
BE Semiconductor Industries NV		(288	)		(43,815	)		0.3
Heineken Holding NV		(17,695	)		(1,504,664	)		8.9
Heineken NV		(18,953	)		(1,932,199	)		11.4
IMCD NV		(1,718	)		(265,929	)		1.6
JDE Peet’s NV		(58,396	)		(1,461,245	)		8.6

Security	Shares			Value			% of Basket Value
Netherlands (continued)
Koninklijke Ahold Delhaize NV		(15,786	)	$	(450,017	)		2.7	%
Universal Music Group NV		(19,417	)		(579,922	)		3.4
					(6,908,431	)
New Zealand
Auckland International Airport Ltd.		(273,535	)		(1,428,406	)		8.5
Fisher & Paykel Healthcare Corp. Ltd.		(146,745	)		(2,148,252	)		12.7
Mercury NZ Ltd.		(134,850	)		(563,570	)		3.3
Meridian Energy Ltd.		(119,359	)		(409,844	)		2.4
Spark New Zealand Ltd.		(520,982	)		(1,714,821	)		10.2
					(6,264,893	)
Norway
Orkla ASA		(85,098	)		(676,674	)		4.0
Salmar ASA		(9,424	)		(531,012	)		3.1
					(1,207,686	)
Portugal
Banco Comercial Portugues SA, R Shares		(968,462	)		(284,436	)		1.7
Singapore
CapitaLand Ascendas REIT		(654,400	)		(1,425,829	)		8.4
Genting Singapore Ltd.		(266,700	)		(201,465	)		1.2
Jardine Cycle & Carriage Ltd.		(8,700	)		(168,993	)		1.0
Oversea-Chinese Banking Corp. Ltd.		(24,200	)		(232,779	)		1.4
Singapore Exchange Ltd.		(45,500	)		(319,695	)		1.9
Singapore Technologies Engineering Ltd.		(154,300	)		(430,193	)		2.5
UOL Group Ltd.		(72,000	)		(336,321	)		2.0
					(3,115,275	)
Spain
Amadeus IT Group SA		(11,617	)		(824,853	)		4.9
CaixaBank SA		(11,641	)		(49,637	)		0.3
Cellnex Telecom SA		(17,516	)		(682,528	)		4.0
Corp. ACCIONA Energias Renovables SA		(373	)		(9,826	)		0.1
Iberdrola SA		(16,135	)		(195,883	)		1.2
Redeia Corp SA		(321	)		(5,364	)		0.0
					(1,768,091	)
Sweden
Boliden AB		(17,878	)		(478,537	)		2.8
Castellum AB		(93,934	)		(1,219,240	)		7.2
Epiroc AB, Class A		(36,455	)		(649,557	)		3.8
Epiroc AB, Class B		(2,694	)		(42,357	)		0.3
EQT AB		(12,929	)		(349,839	)		2.1
Evolution Ab		(2,097	)		(246,752	)		1.5
Getinge AB, Class B		(12,141	)		(261,663	)		1.5
Industrivarden AB, Class A		(13	)		(413	)		0.0
Investment AB Latour, Class B		(6,680	)		(169,327	)		1.0
Lifco AB, Class B		(13,218	)		(321,503	)		1.9
Sandvik Ab		(60,117	)		(1,272,895	)		7.5
Skandinaviska Enskilda Banken AB, Class A		(339,075	)		(4,853,574	)		28.7
Skanska AB, B Shares		(21,882	)		(382,405	)		2.3
Svenska Cellulosa AB SCA, Class B		(58,957	)		(809,312	)		4.8
Svenska Handelsbanken AB, A Shares		(377,172	)		(4,080,495	)		24.2
Swedbank AB, A Shares		(155,940	)		(3,201,929	)		19.0
					(18,339,798	)
Switzerland
Bachem Holding AG, Class N		(4,695	)		(316,966	)		1.9
Baloise Holding AG, Class N		(10,158	)		(1,630,560	)		9.7
Barry Callebaut AG, Class N		(891	)		(1,309,467	)		7.7

43  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Switzerland (continued)
Cie Financiere Richemont SA, Registered Shares		(10,811	)	$	(1,602,523	)		9.5	%
EMS-Chemie Holding AG, Registered Shares		(861	)		(655,298	)		3.9
Julius Baer Group Ltd., Class N		(45,775	)		(2,491,952	)		14.8
On Holding AG, Class A		(29,725	)		(789,496	)		4.7
SIG Group AG		(14,309	)		(299,998	)		1.8
Swatch Group AG		(2,142	)		(507,236	)		3.0
Swiss Life Holding AG, Class N		(6,314	)		(4,568,942	)		27.0
Swisscom AG, Class N		(17,335	)		(10,455,686	)		61.9
UBS Group AG		(5,281	)		(159,340	)		0.9
					(24,787,464	)
Thailand
Fabrinet		(9,529	)		(2,034,537	)		12.0
United Kingdom
Admiral Group PLC		(19,672	)		(628,353	)		3.7
Barratt Developments PLC		(115,562	)		(791,039	)		4.7
Beazley PLC		(39,303	)		(271,651	)		1.6
DS Smith PLC		(177,369	)		(635,286	)		3.8
Howden Joinery Group PLC		(46,125	)		(469,069	)		2.8
JD Sports Fashion PLC		(310,698	)		(460,777	)		2.7
JET2 PLC		(27,750	)		(471,822	)		2.8
Legal & General Group PLC		(432,417	)		(1,396,850	)		8.3
Lloyds Banking Group PLC		(2,522,602	)		(1,358,335	)		8.0
Ocado Group PLC		(21,588	)		(148,611	)		0.9
Persimmon PLC		(18,181	)		(336,310	)		2.0
Reckitt Benckiser Group PLC		(27,251	)		(1,978,741	)		11.7
Rentokil Initial PLC		(199,398	)		(1,031,451	)		6.1
Severn Trent PLC		(1,227	)		(40,414	)		0.2
SSE PLC		(115,960	)		(2,481,122	)		14.7
Vistry Group PLC		(166,249	)		(2,111,822	)		12.5
					(14,611,653	)
United States
10X Genomics, Inc., Class A		(12,174	)		(507,291	)		3.0
Accenture PLC, Class A		(3,158	)		(1,149,133	)		6.8
Aflac, Inc.		(80,098	)		(6,755,465	)		40.0
Agree Realty Corp.		(23,993	)		(1,430,223	)		8.5
Air Lease Corp., Class A		(11,850	)		(495,449	)		2.9
Airbnb, Inc., Class A		(16,653	)		(2,400,363	)		14.2
Albemarle Corp.		(10,441	)		(1,198,000	)		7.1
Alight, Inc., Class A		(137,468	)		(1,226,215	)		7.3
Alliant Energy Corp.		(48,508	)		(2,360,399	)		14.0
Allstate Corp.		(39,168	)		(6,080,832	)		36.0
Amcor PLC		(127,896	)		(1,206,059	)		7.1
Americold Realty Trust, Inc.		(10,457	)		(287,568	)		1.7
Amkor Technology, Inc.		(28,172	)		(891,926	)		5.3
Amphenol Corp., Class A		(29,362	)		(2,968,498	)		17.6
Annaly Capital Management, Inc.		(17,009	)		(326,403	)		1.9
Antero Midstream Corp.		(4,104	)		(50,233	)		0.3
Apellis Pharmaceuticals, Inc.		(8,677	)		(549,167	)		3.3
Apollo Global Management, Inc.		(46,949	)		(4,713,680	)		27.9
Asana, Inc., Class A		(9,953	)		(173,381	)		1.0
Aspen Technology, Inc.		(4,398	)		(844,372	)		5.0
ATI, Inc.		(14,663	)		(599,277	)		3.5
Avantor, Inc.		(17,415	)		(400,371	)		2.4
Ball Corp.		(18,944	)		(1,050,445	)		6.2
Bath & Body Works, Inc.		(16,184	)		(690,409	)		4.1
Berry Global Group, Inc.		(4,932	)		(322,849	)		1.9
BJ’s Wholesale Club Holdings, Inc.		(19,421	)		(1,249,547	)		7.4
Blue Owl Capital, Inc., Class A		(56,710	)		(881,273	)		5.2
Boston Scientific Corp.		(13,674	)		(865,017	)		5.1

Security	Shares			Value			% of Basket Value
United States (continued)
Braze, Inc., Class A		(6,219	)	$	(336,137	)		2.0	%
BWX Technologies, Inc.		(16,691	)		(1,359,983	)		8.1
Cboe Global Markets, Inc.		(3,322	)		(610,750	)		3.6
Celanese Corp., Class A		(14,540	)		(2,127,057	)		12.6
CF Industries Holdings, Inc.		(6,742	)		(509,088	)		3.0
Chart Industries, Inc.		(1,188	)		(138,663	)		0.8
Chesapeake Energy Corp.		(22,399	)		(1,727,187	)		10.2
Chipotle Mexican Grill, Inc.		(323	)		(778,033	)		4.6
Chord Energy Corp.		(18,262	)		(2,807,965	)		16.6
Chubb Ltd.		(585	)		(143,325	)		0.8
Churchill Downs, Inc.		(11,325	)		(1,369,985	)		8.1
Civitas Resources, Inc.		(16,874	)		(1,093,604	)		6.5
Coherent Corp.		(43,309	)		(2,058,910	)		12.2
Coinbase Global, Inc., Class A		(5,391	)		(691,126	)		4.1
Columbia Sportswear Co.		(2,982	)		(236,353	)		1.4
Concentrix Corp.		(1,258	)		(111,798	)		0.7
Confluent, Inc., Class A		(41,871	)		(936,236	)		5.5
Constellation Energy Corp.		(18,799	)		(2,293,478	)		13.6
Cooper Cos., Inc.		(6,014	)		(2,243,402	)		13.3
Coty, Inc., Class A		(41,964	)		(506,925	)		3.0
Crane Co.		(17,273	)		(2,143,752	)		12.7
Dollar General Corp.		(18,192	)		(2,402,617	)		14.2
Dollar Tree, Inc.		(15,207	)		(1,986,338	)		11.8
DoorDash, Inc., Class A		(6,101	)		(635,724	)		3.8
DoubleVerify Holdings, Inc.		(1,279	)		(51,173	)		0.3
Doximity, Inc., Class A		(27,804	)		(749,318	)		4.4
Duke Energy Corp.		(24,547	)		(2,352,339	)		13.9
Dun & Bradstreet Holdings, Inc.		(55,309	)		(641,031	)		3.8
Duolingo, Inc., Class A		(11,226	)		(2,008,219	)		11.9
DXC Technology Co.		(30,807	)		(671,593	)		4.0
Element Solutions, Inc.		(15,713	)		(349,300	)		2.1
Endeavor Group Holdings, Inc., Class A		(9,439	)		(233,615	)		1.4
Entegris, Inc.		(2,626	)		(309,080	)		1.8
Equifax, Inc.		(4,214	)		(1,029,649	)		6.1
Erie Indemnity Co., Class A		(1,782	)		(616,269	)		3.6
Estee Lauder Cos., Inc., Class A		(15,193	)		(2,005,324	)		11.9
Exelon Corp.		(20,116	)		(700,238	)		4.1
Extra Space Storage, Inc.		(19,456	)		(2,810,225	)		16.6
F&G Annuities & Life, Inc.		(1	)		(45	)		0.0
Ferguson PLC		(292	)		(54,833	)		0.3
Fifth Third Bancorp		(22,446	)		(768,551	)		4.6
First Citizens BancShares, Inc., Class A		(277	)		(418,270	)		2.5
Fluence Energy, Inc., Class A		(15,823	)		(314,403	)		1.9
Freshworks, Inc., Class A		(47,899	)		(1,063,358	)		6.3
Gaming and Leisure Properties, Inc.		(41,280	)		(1,884,432	)		11.2
GE HealthCare, Inc.		(20,541	)		(1,506,888	)		8.9
Gitlab, Inc., Class A		(20,353	)		(1,447,302	)		8.6
Graphic Packaging Holding Co.		(61,976	)		(1,581,008	)		9.4
Haleon PLC		(915,417	)		(3,735,029	)		22.1
Hasbro, Inc.		(7,774	)		(380,537	)		2.3
HB Fuller Co.		(317	)		(24,019	)		0.1
Healthcare Realty Trust, Inc.		(163,726	)		(2,637,626	)		15.6
Hexcel Corp.		(6,730	)		(446,805	)		2.6
Howmet Aerospace, Inc.		(38,520	)		(2,167,135	)		12.8
Hyatt Hotels Corp., Class A		(27,736	)		(3,560,470	)		21.1
Immunovant, Inc.		(3,461	)		(126,015	)		0.7
Inari Medical, Inc.		(495	)		(28,190	)		0.2
Ingersoll Rand, Inc.		(66,218	)		(5,288,169	)		31.3
Interactive Brokers Group, Inc., Class A		(50,491	)		(4,481,076	)		26.5
International Business Machines Corp.		(41,630	)		(7,645,766	)		45.3
International Flavors & Fragrances, Inc.		(11,127	)		(897,726	)		5.3

S C H E D U L E  O F   I N V E S T M E N T S 44

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
International Game Technology PLC		(1	)	$	(26	)		0.0	%
Interpublic Group of Cos., Inc.		(74,375	)		(2,453,631	)		14.5
Intra-Cellular Therapies, Inc.		(21,638	)		(1,457,103	)		8.6
Joby Aviation, Inc., Class A		(7,894	)		(43,101	)		0.3
Keurig Dr. Pepper, Inc.		(195,686	)		(6,152,368	)		36.4
Kite Realty Group Trust		(104,406	)		(2,234,288	)		13.2
KKR & Co., Inc., Class A		(5,378	)		(465,627	)		2.8
L3Harris Technologies, Inc.		(8,079	)		(1,683,825	)		10.0
Laboratory Corp. of America Holdings		(15,265	)		(3,393,409	)		20.1
Lantheus Holdings, Inc.		(21,141	)		(1,097,852	)		6.5
Levi Strauss & Co., Class A		(30,199	)		(491,640	)		2.9
Linde PLC		(1,573	)		(636,798	)		3.8
Loews Corp.		(21,447	)		(1,562,628	)		9.3
MACOM Technology Solutions Holdings, Inc., Class H		(8,953	)		(772,017	)		4.6
Madison Square Garden Sports Corp., Class A		(4,045	)		(748,729	)		4.4
MarketAxess Holdings, Inc.		(1,247	)		(281,211	)		1.7
Marriott International, Inc., Class A		(2,064	)		(494,803	)		2.9
Masimo Corp.		(1,774	)		(228,740	)		1.4
Matador Resources Co.		(12,770	)		(700,945	)		4.2
Mueller Industries, Inc.		(14,346	)		(688,608	)		4.1
Murphy Oil Corp.		(10,135	)		(392,225	)		2.3
National Storage Affiliates Trust		(61,790	)		(2,307,856	)		13.7
New Fortress Energy, Inc., Class A		(7,177	)		(238,492	)		1.4
New York Community Bancorp, Inc., Class A		(10,529	)		(68,123	)		0.4
News Corp., Class A		(37,044	)		(912,764	)		5.4
Noble Corp. PLC		(47,059	)		(2,076,714	)		12.3
Nordson Corp.		(3,409	)		(858,113	)		5.1
Norwegian Cruise Line Holdings Ltd.		(4,806	)		(85,547	)		0.5
nVent Electric PLC		(11,261	)		(676,110	)		4.0
Omnicom Group, Inc.		(19,749	)		(1,784,915	)		10.6
ON Semiconductor Corp.		(19,335	)		(1,375,299	)		8.1
Onto Innovation, Inc.		(7,631	)		(1,232,406	)		7.3
Organon & Co.		(26,607	)		(443,007	)		2.6
Parsons Corp.		(39,477	)		(2,571,927	)		15.2
PayPal Holdings, Inc.		(28,717	)		(1,761,788	)		10.4
Penumbra, Inc.		(552	)		(139,209	)		0.8
Permian Resources Corp., Class A		(107,856	)		(1,453,899	)		8.6
PG&E Corp.		(115,512	)		(1,948,687	)		11.5
Pinnacle Financial Partners, Inc.		(5,514	)		(487,327	)		2.9
Planet Fitness, Inc., Class A		(1,159	)		(78,534	)		0.5
PNC Financial Services Group, Inc.		(614	)		(92,843	)		0.6
Primerica, Inc.		(603	)		(141,198	)		0.8
Procore Technologies, Inc.		(884	)		(63,109	)		0.4
PTC, Inc.		(4,217	)		(761,801	)		4.5
Public Service Enterprise Group, Inc.		(14,112	)		(818,355	)		4.8
QIAGEN NV		(8,805	)		(382,888	)		2.3
Quest Diagnostics, Inc.		(4,115	)		(528,489	)		3.1
R1 RCM, Inc.		(3,362	)		(34,427	)		0.2
Rambus, Inc.		(879	)		(60,238	)		0.4
Range Resources Corp.		(8,188	)		(237,780	)		1.4
Raymond James Financial, Inc.		(9,604	)		(1,058,169	)		6.3
Regal Rexnord Corp., Registered Shares		(2,811	)		(375,156	)		2.2
Rithm Capital Corp.		(211,150	)		(2,259,305	)		13.4
Rivian Automotive, Inc., Class A		(15,162	)		(232,130	)		1.4
RLI Corp.		(3,229	)		(440,339	)		2.6
Robinhood Markets, Inc., Class A		(67,288	)		(722,673	)		4.3
Ross Stores, Inc.		(2,896	)		(406,251	)		2.4
Ryman Hospitality Properties, Inc.		(6,334	)		(696,107	)		4.1
Samsara, Inc., Class A		(23,238	)		(729,673	)		4.3
Selective Insurance Group, Inc.		(4,994	)		(523,671	)		3.1
SentinelOne, Inc., Class A		(20,999	)		(562,773	)		3.3

Security	Shares			Value			% of Basket Value
United States (continued)
SharkNinja, Inc.		(5,124	)	$	(239,393	)		1.4	%
Shockwave Medical, Inc.		(1,986	)		(449,333	)		2.7
Simpson Manufacturing Co., Inc.		(418	)		(75,654	)		0.4
SoFi Technologies, Inc.		(144,422	)		(1,130,824	)		6.7
SolarEdge Technologies, Inc.		(17,555	)		(1,167,407	)		6.9
SouthState Corp.		(14,924	)		(1,240,184	)		7.3
SPS Commerce, Inc.		(1,312	)		(241,146	)		1.4
STAG Industrial, Inc.		(32,688	)		(1,207,495	)		7.1
Starwood Property Trust, Inc.		(42,898	)		(872,116	)		5.2
State Street Corp.		(13,403	)		(990,080	)		5.9
STERIS PLC		(9,486	)		(2,076,960	)		12.3
Sun Communities, Inc.		(693	)		(86,868	)		0.5
Super Micro Computer, Inc.		(933	)		(494,126	)		2.9
Take-Two Interactive Software, Inc.		(17,520	)		(2,889,574	)		17.1
Teledyne Technologies, Inc.		(3,007	)		(1,258,339	)		7.5
Teleflex, Inc.		(6,893	)		(1,673,827	)		9.9
Tenable Holdings, Inc.		(9,725	)		(458,048	)		2.7
Tenaris SA		(58,098	)		(929,844	)		5.5
Terreno Realty Corp.		(9,100	)		(543,543	)		3.2
Tesla, Inc.		(8,813	)		(1,650,587	)		9.8
TKO Group Holdings, Inc., Class A		(17,145	)		(1,434,865	)		8.5
Tradeweb Markets, Inc., Class A		(8,093	)		(771,991	)		4.6
Tyler Technologies, Inc.		(2,677	)		(1,131,702	)		6.7
Union Pacific Corp.		(13,760	)		(3,356,477	)		19.9
United Rentals, Inc.		(1,275	)		(797,385	)		4.7
Valaris Ltd.		(24,042	)		(1,487,479	)		8.8
Valley National Bancorp		(60,890	)		(585,762	)		3.5
Valvoline, Inc.		(11,606	)		(423,503	)		2.5
Vaxcyte, Inc.		(12,081	)		(862,825	)		5.1
Veralto Corp.		(3,383	)		(259,442	)		1.5
Viatris, Inc.		(6,325	)		(74,445	)		0.4
Vontier Corp.		(26,259	)		(908,299	)		5.4
Voya Financial, Inc.		(810	)		(58,620	)		0.3
Warner Music Group Corp., Class A		(15,985	)		(583,293	)		3.5
Webster Financial Corp.		(13,233	)		(654,769	)		3.9
Welltower, Inc.		(56,422	)		(4,881,067	)		28.9
Whirlpool Corp.		(8,248	)		(903,321	)		5.3
Wolfspeed, Inc.		(19,002	)		(618,515	)		3.7
Wyndham Hotels & Resorts, Inc.		(4,560	)		(355,361	)		2.1
XPO, Inc.		(7,539	)		(644,132	)		3.8
YETI Holdings, Inc.		(10,598	)		(465,994	)		2.8
ZoomInfo Technologies, Inc., CLass A		(24,805	)		(397,872	)		2.4
					(224,847,440	)
Preferred Stocks
Germany
Sartorius AG		(3,332	)		(1,230,380	)		7.3
Volkswagen AG		(24,281	)		(3,156,771	)		18.7
					(4,387,151	)
Total Reference Entity — Short				(464,064,875)
Net Value of Reference Entity — BNP Paribas SA				$	(16,889,286	)

45  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with BNP Paribas SA as of period end, termination dates 03/17/25 — 11/17/25:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
Abacus Group		122,639	$	88,617		12.8	%
Accent Group Ltd.		70,619		94,268		13.6
Alumina Ltd.		680,546		519,092		75.0
AMP Ltd.		1,685,723		1,035,827		149.7
Austal Ltd.		193,010		259,856		37.6
Bega Cheese Ltd.		155,080		383,225		55.4
Boral Ltd.		207,156		725,043		104.8
Challenger Ltd.		51,648		222,372		32.1
CSR Ltd.		157,956		721,701		104.3
Data#3 Ltd.		46,209		297,389		43.0
Downer EDI Ltd.		292,693		808,148		116.8
GrainCorp Ltd., Class A		97,448		519,111		75.0
Growthpoint Properties Australia Ltd.		148,769		236,348		34.2
NRW Holdings Ltd.		108,881		195,421		28.3
Pinnacle Investment Management Group Ltd.		23,930		160,226		23.2
Regis Resources Ltd., Registered Shares		90,512		125,144		18.1
Ridley Corp. Ltd.		24,642		45,687		6.6
Silver Lake Resources Ltd.		412,094		329,136		47.6
SiteMinder Ltd.		38,739		134,531		19.4
Star Entertainment Grp Ltd.		257,468		94,703		13.7
Steadfast Group Ltd.		60,716		238,377		34.5
Technology One Ltd.		76,499		793,154		114.7
Ventia Services Group Pty Ltd.		83,878		182,566		26.4
				8,209,942
Austria
ANDRITZ AG		19,067		1,188,827		171.9
Kontron AG		11,662		274,131		39.6
Wienerberger AG		761		26,108		3.8
				1,489,066
Belgium
Proximus SADP		84,793		814,128		117.7
Shurgard Self Storage Ltd.		1,773		83,304		12.0
				897,432
Canada
AbCellera Biologics, Inc.		84,624		432,429		62.5
Advantage Energy Ltd.		5,309		34,863		5.0
Aecon Group, Inc.		23,883		245,730		35.5
Ag Growth International, Inc.		1,812		76,163		11.0
Artis Real Estate Investment Trust		47,134		228,453		33.0
Canfor Corp.		46,560		564,382		81.6
Centerra Gold, Inc.		21,147		111,631		16.1
Crombie Real Estate Investment Trust		33,043		334,323		48.3
Doman Building Materials Group Ltd.		4,793		28,013		4.0
DREAM Unlimited Corp., Class A		5,517		97,386		14.1
Dye & Durham Ltd.		17,303		168,221		24.3
Innergex Renewable Energy, Inc.		169,816		1,160,472		167.8
Interfor Corp.		36,477		564,835		81.7
Laurentian Bank of Canada		4,331		85,544		12.4
Major Drilling Group International, Inc.		4,341		26,827		3.9
Nexus Industrial REIT		8,736		52,423		7.6
North American Construction Group Ltd.		9,455		217,665		31.5
Novagold Resources, Inc.		5,408		13,815		2.0

Security	Shares		Value		% of Basket Value
Canada (continued)
Obsidian Energy Ltd.		54,556	$	372,450		53.8	%
Pason Systems, Inc.		4,199		46,078		6.7
Silvercorp Metals, Inc.		14,610		34,699		5.0
Stelco Holdings, Inc.		2,818		90,555		13.1
Topaz Energy Corp.		20,248		293,054		42.4
				5,280,011
Denmark
H Lundbeck A/S, Class B		51,671		265,102		38.3
Finland
Outokumpu OYJ		182,893		788,235		113.9
Georgia
Bank of Georgia Group PLC		2,328		112,216		16.2
TBC Bank Group PLC		2,924		108,478		15.7
				220,694
Germany
Aurubis AG		2,177		158,762		22.9
Auto1 Group SE		87,201		367,268		53.1
Bilfinger SE		10,362		444,815		64.3
CompuGroup Medical SE & Co. KgaA		6,708		290,682		42.0
Deutsche Pfandbriefbank AG		16,413		100,010		14.5
Deutsche Wohnen SE		11,269		277,384		40.1
Deutz AG		23,730		145,023		21.0
Duerr AG		14,127		327,197		47.3
Grand City Properties SA		49,957		490,178		70.9
Hypoport SE		490		105,208		15.2
METRO AG		23,871		162,885		23.5
SAF-Holland SE		17,284		282,802		40.9
Salzgitter AG		9,605		271,046		39.2
Suedzucker AG		12,360		176,776		25.5
TUI AG		215,776		1,505,982		217.7
Uniper SE		551		35,483		5.1
United Internet AG, Class N		39,273		1,043,989		150.9
				6,185,490
Ireland
Cimpress PLC		1,406		105,759		15.3
Greencore Group PLC		146,157		190,414		27.5
				296,173
Israel
Alony Hetz Properties & Investments Ltd.		11,757		86,445		12.5
Delek Group Ltd.		1,941		233,101		33.7
Kornit Digital Ltd.		8,276		141,602		20.5
Plus500 Ltd.		7,838		178,062		25.7
				639,210
Italy
Banca IFIS SpA		11,817		207,203		30.0
Banca Popolare di Sondrio SpA		58,564		449,958		65.0
Brunello Cucinelli SpA		6,042		606,172		87.6
Buzzi SpA		9,012		310,144		44.8
Credito Emiliano SpA		13,705		126,220		18.2
De’ Longhi SpA		6,229		204,456		29.6
Hera SpA		28,470		101,536		14.7
Maire Tecnimont SpA		8,862		46,686		6.7
Sesa SpA		1,202		165,122		23.9
Unipol Gruppo SpA		53,757		336,053		48.6
Webuild SpA		72,962		155,452		22.5
				2,709,002

S C H E D U L E  O F   I N V E S T M E N T S 46

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Japan
77 Bank Ltd.		18,900	$	457,965		66.2	%
Acom Co. Ltd.		14,400		37,223		5.4
Aisan Industry Co. Ltd.		41,300		388,857		56.2
Alfresa Holdings Corp.		144,400		2,385,855		344.9
Amano Corp.		2,200		51,192		7.4
Avex, Inc.		10,200		98,783		14.3
AZ-COM MARUWA Holdings, Inc.		48,600		505,401		73.1
BML, Inc.		8,200		160,027		23.1
Cellebrite Di Ltd.		52,113		471,102		68.1
Coca-Cola Bottlers Japan Holdings, Inc.		48,600		663,347		95.9
Comture Corp.		4,100		51,203		7.4
Create Restaurants Holdings, Inc.		100,400		761,002		110.0
Create SD Holdings Co. Ltd.		10,500		229,834		33.2
Daicel Corp.		163,700		1,617,262		233.8
Daiichikosho Co. Ltd.		15,500		214,031		30.9
Dentsu Soken, Inc.		2,800		105,625		15.3
Doutor Nichires Holdings Co. Ltd.		19,300		287,361		41.5
DTS Corp.		8,100		201,220		29.1
Elecom Co. Ltd.		4,700		55,199		8.0
Elematec Corp.		6,000		73,365		10.6
Financial Partners Group Co. Ltd.		21,600		250,121		36.2
FULLCAST Holdings Co. Ltd.		17,500		213,350		30.8
Furukawa Electric Co. Ltd.		52,500		963,032		139.2
Fuyo General Lease Co. Ltd.		2,800		252,715		36.5
Glory Ltd.		20,800		431,683		62.4
Hanwa Co. Ltd.		1,800		66,458		9.6
Hazama Ando Corp.		36,400		296,779		42.9
Heiwa Real Estate Co. Ltd.		8,300		221,546		32.0
Heiwado Co. Ltd.		21,300		320,721		46.4
Hiday Hidaka Corp.		24,500		498,162		72.0
Hino Motors Ltd.		100,300		344,709		49.8
Hioki EE Corp.		3,100		138,854		20.1
Hokuriku Electric Power Co.		55,800		275,541		39.8
Inaba Denki Sangyo Co. Ltd.		4,100		98,909		14.3
Ishihara Sangyo Kaisha Ltd.		23,800		256,626		37.1
Itochu Enex Co. Ltd.		15,100		163,347		23.6
Itoham Yonekyu Holdings, Inc.		8,500		240,412		34.8
Itoki Corp.		21,300		218,795		31.6
Japan Elevator Service Holdings Co. Ltd.		12,200		186,178		26.9
JTEKT Corp.		175,800		1,621,610		234.4
Kaken Pharmaceutical Co. Ltd.		9,800		233,662		33.8
Kandenko Co. Ltd.		57,900		600,741		86.8
Kaneka Corp.		5,400		132,581		19.2
Kewpie Corp.		28,600		513,621		74.3
Kissei Pharmaceutical Co. Ltd.		3,300		71,164		10.3
Kitz Corp.		12,000		99,067		14.3
Kokuyo Co. Ltd.		30,300		489,947		70.8
Kyoritsu Maintenance Co. Ltd.		30,500		1,255,774		181.5
Lion Corp.		74,100		665,678		96.2
Mani, Inc.		44,000		616,706		89.2
Maxell Ltd.		50,600		560,331		81.0
Megmilk Snow Brand Co. Ltd.		8,200		129,771		18.8
Meidensha Corp.		10,700		193,572		28.0
MEITEC Group Holdings, Inc.		12,000		239,677		34.7
Micronics Japan Co. Ltd.		13,100		390,767		56.5
MIRAIT ONE Corp.		14,800		196,716		28.4
MIXI, Inc.		15,200		263,168		38.0
Modec, Inc.		31,800		499,293		72.2
Morinaga & Co. Ltd.		60,400		1,163,002		168.1
Nippon Light Metal Holdings Co. Ltd.		28,400		353,189		51.1
Nittetsu Mining Co. Ltd.		2,300		82,791		12.0

Security	Shares		Value		% of Basket Value
Japan (continued)
NOK Corp.		52,000	$	695,430		100.5	%
Nomura Co. Ltd.		44,500		264,721		38.3
Noritz Corp.		19,300		205,236		29.7
NTN Corp.		677,700		1,247,362		180.3
Okamura Corp.		12,800		192,266		27.8
Oki Electric Industry Co. Ltd.		9,200		64,551		9.3
Onward Holdings Co. Ltd.		8,500		31,504		4.6
Optex Group Co. Ltd.		7,800		97,747		14.1
Prima Meat Packers Ltd.		1,600		26,419		3.8
Relo Group, Inc.		14,600		148,041		21.4
San-Ai Obbli Co. Ltd.		7,800		88,814		12.8
Sanki Engineering Co. Ltd.		20,000		258,984		37.4
Sanyo Chemical Industries Ltd.		1,600		47,215		6.8
Sato Holdings Corp.		8,500		126,180		18.2
Seino Holdings Co. Ltd.		17,300		255,109		36.9
Shibaura Machine Co. Ltd.		9,200		224,692		32.5
Sodick Co. Ltd.		30,600		148,483		21.5
Sohgo Security Services Co. Ltd.		146,300		806,533		116.6
Starts Corp., Inc.		8,600		178,092		25.8
Sumitomo Mitsui Construction Co. Ltd.		40,800		115,512		16.7
Systena Corp.		26,900		54,907		7.9
Tadano Ltd.		23,800		195,587		28.3
Taikisha Ltd.		4,500		134,617		19.5
Teijin Ltd.		51,900		481,024		69.5
Toa Corp.		500		13,342		1.9
Tokai Rika Co. Ltd.		22,100		352,318		50.9
Topcon Corp.		54,600		633,181		91.5
Tosei Corp.		10,100		147,305		21.3
Towa Pharmaceutical Co. Ltd.		11,800		207,732		30.0
Toyo Ink SC Holdings Co. Ltd.		5,300		98,987		14.3
Toyo Seikan Group Holdings Ltd.		28,400		455,522		65.9
Toyoda Gosei Co. Ltd.		57,800		1,125,102		162.6
Toyota Boshoku Corp.		362,400		6,007,495		868.4
TS Tech Co. Ltd.		25,500		325,297		47.0
TSI Holdings Co. Ltd.		55,400		260,108		37.6
Tsubakimoto Chain Co.		10,100		294,760		42.6
Tv Tokyo Holdings Corp.		4,100		86,887		12.6
Wacom Co. Ltd.		85,400		396,835		57.4
YAMABIKO Corp.		13,800		155,997		22.6
Yamazen Corp.		30,000		258,257		37.3
Yaoko Co. Ltd.		7,000		406,506		58.8
Yokogawa Bridge Holdings Corp.		4,400		85,925		12.4
Yuasa Trading Co. Ltd.		6,400		215,256		31.1
				42,242,458
Netherlands
Eurocommercial Properties NV		4,433		100,699		14.6
Koninklijke BAM Groep NV		100,202		279,503		40.4
PostNL NV		213,474		315,236		45.6
TomTom NV		18,792		128,895		18.6
				824,333
Norway
Aker Solutions ASA		52,774		198,912		28.7
Elkem ASA		128,249		270,312		39.1
Odfjell Drilling Ltd.		32,454		122,141		17.7
Wallenius Wilhelmsen ASA		19,191		189,163		27.3
				780,528

47  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Portugal
Mota-Engil SGPS SA		39,368	$	227,888		32.9	%
Sonae SGPS SA		445,253		436,229		63.1
				664,117
Singapore
BW LPG Ltd.		19,244		240,003		34.7
South Korea
Magnachip Semiconductor Corp.		5,594		36,529		5.3
Spain
Atlantica Sustainable Infrastructure PLC		23,882		458,057		66.2
Indra Sistemas SA		51,825		931,578		134.7
Inmobiliaria Colonial Socimi SA		94,894		578,451		83.6
Merlin Properties Socimi SA		83,058		857,229		123.9
Obrascon Huarte Lain SA		560,350		248,828		36.0
				3,074,143
Sweden
Modern Times Group MTG AB, Class B		59,154		456,403		66.0
Switzerland
DKSH Holding AG		9,648		679,427		98.2
Inficon Holding AG, Class N		37		56,596		8.2
IWG PLC		177,170		421,580		60.9
				1,157,603
United Kingdom
Capricorn Energy PLC		118,362		218,572		31.6
CVS Group PLC		6,361		136,648		19.8
Deliveroo PLC, Class A		324,731		485,838		70.2
Firstgroup PLC		54,641		115,562		16.7
Gamma Communications PLC		1,154		17,532		2.5
Investec PLC		169,041		1,105,552		159.8
John Wood Group PLC		88,904		176,986		25.6
Jupiter Fund Management PLC		121,553		122,296		17.7
Just Group PLC		6,656		7,203		1.0
Keller Group PLC		6,967		77,489		11.2
Kier Group PLC		115,765		188,219		27.2
Mitchells & Butlers PLC		38,798		128,426		18.6
Mitie Group PLC		470,159		618,672		89.4
Morgan Sindall Group PLC		7,815		225,266		32.6
NCC Group PLC		75,839		117,004		16.9
Nomad Foods Ltd.		32,666		587,661		84.9
OSB Group PLC		107,471		614,055		88.8
Paragon Banking Group PLC		31,956		285,867		41.3
Playtech Plc		107,631		608,705		88.0
Redde Northgate PLC		74,489		336,560		48.7
S4 Capital PLC		77,452		43,372		6.3
TP ICAP Group PLC		380,379		905,113		130.8
Vesuvius PLC		8,135		49,198		7.1
Workspace Group PLC		24,314		160,564		23.2
				7,332,360
United States
1-800-Flowers.com, Inc., Class A		27,601		287,050		41.5
Accel Entertainment, Inc., Class A		20,406		209,161		30.2
Accolade, Inc.		5,144		58,230		8.4
Addus HomeCare Corp.		3,327		288,118		41.6
Agilysys, Inc.		950		79,525		11.5
Allient, Inc.		9,142		254,696		36.8
Alpha & Omega Semiconductor Ltd.		9,803		251,545		36.4
American Assets Trust, Inc.		28,610		641,722		92.8
American Vanguard Corp.		12,345		134,807		19.5

Security	Shares		Value		% of Basket Value
United States (continued)
American Woodmark Corp.		3,647	$	332,898		48.1	%
Anywhere Real Estate, Inc.		70,623		502,836		72.7
Apogee Enterprises, Inc.		16,692		881,505		127.4
Argan, Inc.		4,631		205,292		29.7
AssetMark Financial Holdings, Inc.		4,857		148,964		21.5
Atea Pharmaceuticals, Inc.		55,400		230,464		33.3
Banc of California, Inc.		37,524		517,081		74.7
Beazer Homes USA, Inc.		13,784		437,642		63.3
Benchmark Electronics, Inc.		17,847		484,011		70.0
Berry Corp.		20,900		140,239		20.3
BigCommerce Holdings, Inc., Series-1		4,479		36,638		5.3
BlueLinx Holdings, Inc.		7,469		861,474		124.5
Brady Corp., Class A		1,695		102,090		14.8
Brandywine Realty Trust		54,441		258,050		37.3
Brightsphere Investment Group, Inc.		11,779		260,551		37.7
Cantaloupe, Inc.		7,026		47,847		6.9
Capitol Federal Financial, Inc.		41,213		261,290		37.8
Cars.com, Inc.		23,220		404,725		58.5
Castle Biosciences, Inc.		15,854		365,910		52.9
Central Garden & Pet Co., Class A		6,063		250,281		36.2
Century Communities, Inc.		2,554		221,432		32.0
Cerence, Inc.		13,446		269,189		38.9
Chegg, Inc.		38,218		376,447		54.4
Clean Energy Fuels Corp.		6,550		19,323		2.8
CommVault Systems, Inc.		15,824		1,450,744		209.7
Comstock Resources, Inc.		27,383		213,861		30.9
ConnectOne Bancorp, Inc.		5,544		126,625		18.3
Corcept Therapeutics, Inc.		23,730		500,703		72.4
Coursera, Inc.		25,407		486,290		70.3
CRA International, Inc.		812		87,079		12.6
Cracker Barrel Old Country Store, Inc.		850		65,748		9.5
CS Disco, Inc.		13,125		107,362		15.5
Customers Bancorp, Inc.		3,255		173,947		25.1
Dana, Inc.		38,187		517,816		74.9
Delek U.S. Holdings, Inc.		26,807		724,593		104.7
Deluxe Corp.		28,461		538,198		77.8
Digital Turbine, Inc.		32,649		175,978		25.4
Dime Community Bancshares, Inc.		5,357		122,193		17.7
Diversified Energy Co.PLC		14,589		169,063		24.4
DXP Enterprises, Inc.		16,317		525,734		76.0
Eagle Bancorp, Inc.		8,084		200,402		29.0
El Pollo Loco Holdings, Inc.		15,137		140,169		20.3
Encore Wire Corp.		4,459		1,005,504		145.4
EnerSys		1,614		154,250		22.3
Everi Holdings, Inc.		78,332		815,436		117.9
eXp World Holdings, Inc.		36,994		457,986		66.2
Exponent, Inc.		5,509		485,839		70.2
EZCORP, Inc., Class A		29,932		257,415		37.2
Forestar Group, Inc.		2,102		65,709		9.5
Franklin Covey Co.		3,485		140,933		20.4
Frontdoor, Inc.		20,950		686,322		99.2
Fulgent Genetics, Inc.		4,580		112,622		16.3
G-III Apparel Group Ltd.		8,885		267,350		38.6
Global Industrial Co.		12,360		525,671		76.0
GMS, Inc.		3,225		271,416		39.2
GQG Partners, Inc., CDI		389,592		484,205		70.0
Gray Television, Inc.		1,856		17,725		2.6
Hackett Group, Inc.		2,626		60,713		8.8
HCI Group, Inc.		350		31,385		4.5
Health Catalyst, Inc.		35,912		350,860		50.7
Healthcare Services Group, Inc.		22,636		213,684		30.9

S C H E D U L E  O F   I N V E S T M E N T S 48

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United States (continued)
HealthStream, Inc.		2,368	$	63,036		9.1	%
Heartland Financial USA, Inc.		2,856		101,302		14.6
Heidrick & Struggles International, Inc.		26,245		786,563		113.7
Helen of Troy Ltd.		3,187		364,911		52.7
Heritage Financial Corp.		4,366		87,975		12.7
Hims & Hers Health, Inc., Class A		26,842		230,304		33.3
Hudson Pacific Properties, Inc.		11,879		97,289		14.1
Huron Consulting Group, Inc.		1,601		165,752		24.0
Hyster-Yale Materials Handling, Inc., Class A		3,942		259,068		37.4
IES Holdings, Inc.		1,917		157,117		22.7
Independent Bank Corp.		11,093		282,206		40.8
Independent Bank Group, Inc.		7,125		344,494		49.8
Infinera Corp.		62,832		310,390		44.9
Innoviva, Inc.		11,145		180,549		26.1
Intapp, Inc.		13,075		563,271		81.4
Integral Ad Science Holding Corp.		10,677		155,350		22.5
iRadimed Corp.		412		17,061		2.5
Itron, Inc.		14,363		1,036,147		149.8
Janus International Group, Inc.		22,842		323,214		46.7
JELD-WEN Holding, Inc.		7,391		137,473		19.9
JetBlue Airways Corp.		24,374		129,426		18.7
Kimball Electronics, Inc.		11,418		271,520		39.2
LendingClub Corp.		8,983		81,027		11.7
LivaNova PLC		3,267		159,038		23.0
Lovesac Co.		21,159		490,042		70.8
Manitowoc Co., Inc.		35,177		566,350		81.9
MarineMax, Inc.		8,995		251,860		36.4
MaxLinear, Inc.		45,358		944,354		136.5
Methode Electronics, Inc.		30,103		624,938		90.3
Midland States Bancorp, Inc.		7,221		189,623		27.4
Model N, Inc.		19,943		537,464		77.7
Mr. Cooper Group, Inc.		5,029		338,753		49.0
N-able, Inc.		32,949		427,678		61.8
NCR Voyix Corp.		24,170		355,299		51.4
NETGEAR, Inc.		10,051		142,724		20.6
NMI Holdings, Inc., Class A		7,573		241,730		34.9
Novocure Ltd.		28,775		400,548		57.9
OceanFirst Financial Corp.		4,926		84,875		12.3
ON24, Inc.		41,485		317,360		45.9
Palomar Holdings, Inc.		4,288		256,723		37.1
Pegasystems, Inc.		14,039		684,261		98.9
Pennant Group, Inc.		1,325		19,888		2.9
Perella Weinberg Partners, Class A		9,633		113,188		16.4
PetIQ, Inc., Class A		5,757		103,453		15.0
Playtika Holding Corp.		7,612		54,959		7.9
PRA Group, Inc.		22,210		505,722		73.1
Premier Financial Corp.		16,259		339,651		49.1
Primoris Services Corp.		16,767		549,958		79.5
PROG Holdings, Inc.		4,264		130,649		18.9
Progress Software Corp.		12,560		713,534		103.1
Proto Labs, Inc.		8,265		298,284		43.1
Q2 Holdings, Inc.		6,042		257,087		37.2
Redfin Corp.		37,679		307,461		44.4
REV Group, Inc.		11,021		215,130		31.1
REX American Resources Corp.		5,868		242,877		35.1
RHI Magnesita NV		12,244		524,069		75.8
Riskified Ltd., Class A		36,970		169,692		24.5
Sandy Spring Bancorp, Inc.		7,030		171,391		24.8
Schnitzer Steel Industries, Inc., Class A		5,805		152,846		22.1
SEMrush Holdings, Inc., Class A		12,302		141,965		20.5
Semtech Corp.		62,701		1,243,988		179.8

Security	Shares			Value			% of Basket Value
United States (continued)
SI-BONE, Inc.		10,327		$	208,709			30.2	%
Silk Road Medical, Inc.		4,321			65,377			9.5
Sims Ltd.		20,435			194,211			28.1
SolarWinds Corp.		5,643			66,700			9.6
Sonic Automotive, Inc., Class A		3,695			186,819			27.0
Southside Bancshares, Inc.		3,468			108,548			15.7
Standard Motor Products, Inc.		3,166			127,748			18.5
Strategic Education, Inc.		1,204			113,248			16.4
Supernus Pharmaceuticals, Inc.		5,267			145,791			21.1
Tennant Co.		6,337			598,973			86.6
Titan Machinery, Inc.		15,997			427,600			61.8
TTEC Holdings, Inc.		4,842			98,680			14.3
TTM Technologies, Inc.		38,884			540,876			78.2
Univest Financial Corp.		298			6,330			0.9
Upbound Group, Inc.		3,898			129,414			18.7
Upwork, Inc.		42,646			584,677			84.5
Varex Imaging Corp.		22,067			425,231			61.5
Verint Systems, Inc.		49,493			1,469,447			212.4
Viad Corp.		3,253			107,544			15.5
Vicor Corp.		6,605			248,810			36.0
Vital Farms, Inc.		44,964			646,582			93.5
Vizio Holding Corp., Class A		10,111			70,777			10.2
World Kinect Corp.		18,847			425,377			61.5
Yext, Inc.		12,709			75,364			10.9
Zeta Global Holdings Corp., Class A		3,874			37,500			5.4
ZipRecruiter, Inc., Class A		27,484			382,577			55.3
Zuora, Inc., Class A		79,499			726,621			105.0
					50,186,951
Preferred Stocks
Germany
Schaeffler AG		12,775			81,778			11.8
Total Reference Entity — Long				134,057,563
Reference Entity — Short
Common Stocks
Australia
ALS Ltd.		(58,783	)		(484,771	)		(70.1	)
ARB Corp. Ltd.		(31,688	)		(703,063	)		(101.6	)
Bapcor Ltd.		(711,046	)		(2,641,829	)		(381.9	)
Bendigo & Adelaide Bank Ltd.		(61,889	)		(401,318	)		(58.0	)
Brickworks Ltd.		(37,186	)		(720,062	)		(104.1	)
Cleanaway Waste Management Ltd.		(536,620	)		(922,219	)		(133.3	)
Corporate Travel Management Ltd.		(33,521	)		(450,077	)		(65.1	)
Costa Group Holdings Ltd.		(1,447,259	)		(3,055,638	)		(441.7	)
De Grey Mining Ltd.		(701,875	)		(565,911	)		(81.8	)
Deterra Royalties Ltd.		(117,281	)		(428,128	)		(61.9	)
Genesis Minerals Ltd.		(208,578	)		(224,495	)		(32.4	)
Gold Road Resources Ltd.		(1,276,920	)		(1,283,212	)		(185.5	)
GUD Holdings Ltd.		(141,385	)		(1,138,801	)		(164.6	)
Ingenia Communities Group		(119,362	)		(351,102	)		(50.8	)
Orora Ltd.		(12,244	)		(22,375	)		(3.2	)
					(13,393,001	)
Austria
CA Immobilien Anlagen AG		(56,874	)		(1,892,046	)		(273.5	)
Belgium
Azelis Group NV		(8,200	)		(171,312	)		(24.8	)
Canada
Altius Minerals Corp.		(10,646	)		(140,769	)		(20.3	)
Andlauer Healthcare Group, Inc.		(11,909	)		(347,919	)		(50.3	)

49  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Canada (continued)
Badger Infrastructure Solutions Ltd.		(7,081	)	$	(246,282	)		(35.6	)%
Brookfield Business Corp., Class A		(49,852	)		(1,157,908	)		(167.4	)
Canadian Western Bank		(50,179	)		(1,106,169	)		(159.9	)
Choice Properties Real Estate Investment Trust		(62,972	)		(658,237	)		(95.1	)
Cineplex, Inc.		(31,368	)		(192,334	)		(27.8	)
Definity Financial Corp.		(19,207	)		(559,374	)		(80.9	)
Dream Industrial Real Estate Investment Trust		(34,293	)		(342,637	)		(49.5	)
Headwater Exploration, Inc.		(6,965	)		(32,719	)		(4.7	)
Lumine Group, Inc.		(33,161	)		(774,223	)		(111.9	)
Maple Leaf Foods, Inc.		(2,991	)		(57,095	)		(8.3	)
Martinrea International, Inc.		(36,670	)		(377,008	)		(54.5	)
North West Co., Inc.		(2,820	)		(81,649	)		(11.8	)
Orla Mining Ltd.		(6,721	)		(22,315	)		(3.2	)
Skeena Resources Ltd.		(11,207	)		(50,958	)		(7.4	)
Spin Master Corp.		(6,912	)		(177,940	)		(25.7	)
Stella-Jones, Inc.		(21,270	)		(1,259,531	)		(182.1	)
Superior Plus Corp.		(142,482	)		(976,657	)		(141.2	)
Triple Flag Precious Metals Corp.		(16,813	)		(215,671	)		(31.2	)
Wesdome Gold Mines Ltd.		(13,346	)		(78,786	)		(11.4	)
Winpak Ltd.		(9,528	)		(299,211	)		(43.3	)
					(9,155,392	)
Cayman Islands
Consolidated Water Co. Ltd., Ordinary Shares		(25,519	)		(814,822	)		(117.8	)
China
TI Fluid Systems PLC		(47,514	)		(86,538	)		(12.5	)
Costa Rica
Establishment Labs Holdings, Inc.		(8,113	)		(312,350	)		(45.2	)
Denmark
Alm Brand A/S		(67,361	)		(123,775	)		(17.9	)
FLSmidth & Co.A/S		(522	)		(21,431	)		(3.1	)
Netcompany Group A/S		(5,727	)		(230,119	)		(33.3	)
NTG Nordic Transport Group A/S		(14,628	)		(664,303	)		(96.0	)
Ringkjoebing Landbobank A/S		(3,484	)		(568,017	)		(82.1	)
Royal Unibrew A/S		(19,258	)		(1,277,396	)		(184.7	)
Scandinavian Tobacco Group A/S		(12,730	)		(231,191	)		(33.4	)
					(3,116,232	)
Finland
QT Group Oyj		(13,450	)		(961,397	)		(139.0	)
Germany
Eckert & Ziegler Strahlen- und Medizintechnik AG		(2,769	)		(139,213	)		(20.1	)
Hamburger Hafen und Logistik AG		(1,774	)		(32,402	)		(4.7	)
Hensoldt AG		(1,531	)		(46,554	)		(6.7	)
Pfeiffer Vacuum Technology AG		(1,448	)		(246,253	)		(35.6	)
PNE AG, Class N		(40,977	)		(598,444	)		(86.5	)
Schott Pharma AG & Co. KGaA		(13,502	)		(531,853	)		(76.9	)
Sixt SE		(7,806	)		(771,350	)		(111.5	)
Software AG		(10,143	)		(429,278	)		(62.0	)
Thyssenkrupp Nucera AG & Co. KGaa		(13,675	)		(225,925	)		(32.7	)
					(3,021,272	)
Ghana
Tullow Oil PLC		(1,072,706	)		(422,393	)		(61.1	)
Indonesia
Nickel Industries Ltd.		(1,544,548	)		(801,367	)		(115.8	)

Security	Shares			Value			% of Basket Value
Ireland
Ardmore Shipping Corp.		(6,208	)	$	(102,867	)		(14.9	)%
Israel
Israel Corp. Ltd.		(423	)		(94,059	)		(13.6	)
Phoenix Holdings Ltd.		(130,014	)		(1,284,985	)		(185.7	)
					(1,379,044	)
Italy
Carel Industries SpA		(1,588	)		(38,980	)		(5.6	)
Eurogroup Laminations SpA		(90,951	)		(300,887	)		(43.5	)
Industrie De Nora SpA		(15,232	)		(242,832	)		(35.1	)
Juventus Football Club SpA		(113,301	)		(278,007	)		(40.2	)
Salvatore Ferragamo SpA		(6,701	)		(86,561	)		(12.5	)
Technoprobe SpA		(20,679	)		(208,080	)		(30.1	)
					(1,155,347	)
Japan
Advance Residence Investment Corp.		(56	)		(124,508	)		(18.0	)
Aeon Fantasy Co. Ltd.		(1,800	)		(31,198	)		(4.5	)
Aichi Financial Group, Inc.		(4,000	)		(71,264	)		(10.3	)
AOKI Holdings, Inc.		(11,500	)		(92,419	)		(13.4	)
Asahi Yukizai Corp.		(3,200	)		(89,832	)		(13.0	)
Base Co. Ltd.		(5,100	)		(113,938	)		(16.5	)
C Uyemura & Co. Ltd.		(1,900	)		(145,561	)		(21.0	)
Chikaranomoto Holdings Co. Ltd.		(13,700	)		(135,025	)		(19.5	)
Chubu Steel Plate Co. Ltd.		(200	)		(3,390	)		(0.5	)
Comforia Residential REIT, Inc.		(16	)		(33,859	)		(4.9	)
CRE Logistics REIT, Inc.		(1,350	)		(1,425,336	)		(206.0	)
Daiei Kankyo Co. Ltd.		(28,100	)		(482,760	)		(69.8	)
Daikoku Denki Co. Ltd.		(2,000	)		(51,111	)		(7.4	)
Daiwa Office Investment Corp.		(10	)		(43,068	)		(6.2	)
Descente Ltd.		(10,900	)		(254,480	)		(36.8	)
Enplas Corp.		(6,800	)		(558,050	)		(80.7	)
Frontier Real Estate Investment Corp.		(180	)		(537,152	)		(77.6	)
Fuji Media Holdings, Inc.		(55,800	)		(667,311	)		(96.5	)
Fujio Food Group, Inc.		(41,200	)		(414,173	)		(59.9	)
Furuya Metal Co. Ltd.		(10,200	)		(639,216	)		(92.4	)
Fuso Chemical Co. Ltd.		(4,100	)		(116,655	)		(16.9	)
giftee, Inc.		(8,300	)		(91,896	)		(13.3	)
Globeride, Inc.		(100	)		(1,420	)		(0.2	)
GungHo Online Entertainment, Inc.		(20,900	)		(354,651	)		(51.3	)
Hakuto Co. Ltd.		(600	)		(25,073	)		(3.6	)
House Foods Group, Inc.		(3,200	)		(71,119	)		(10.3	)
Iino Kaiun Kaisha Ltd.		(27,600	)		(243,436	)		(35.2	)
J Trust Co. Ltd.		(15,300	)		(49,997	)		(7.2	)
Japan Aviation Electronics Industry Ltd.		(21,400	)		(372,321	)		(53.8	)
Japan Excellent, Inc.		(518	)		(432,461	)		(62.5	)
Japan Prime Realty Investment Corp.		(17	)		(41,098	)		(5.9	)
Kanto Denka Kogyo Co. Ltd.		(10,600	)		(64,025	)		(9.3	)
KeePer Technical Laboratory Co. Ltd.		(200	)		(8,914	)		(1.3	)
Komehyo Holdings Co. Ltd.		(1,000	)		(30,210	)		(4.4	)
Kosaido Holdings Co. Ltd.		(59,500	)		(304,927	)		(44.1	)
Krosaki Harima Corp.		(900	)		(75,859	)		(11.0	)
KYB Corp.		(1,700	)		(59,510	)		(8.6	)
Mabuchi Motor Co. Ltd.		(101,100	)		(1,767,548	)		(255.5	)
MEC Co. Ltd.		(1,000	)		(30,543	)		(4.4	)
Mitsui Fudosan Logistics Park, Inc.		(53	)		(160,484	)		(23.2	)
Mitsui-Soko Holdings Co. Ltd.		(2,100	)		(70,823	)		(10.2	)
Money Forward, Inc.		(2,400	)		(93,535	)		(13.5	)
m-up Holdings, Inc.		(11,600	)		(79,254	)		(11.5	)
Musashino Bank Ltd.		(6,400	)		(121,697	)		(17.6	)

S C H E D U L E  O F   I N V E S T M E N T S 50

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Japan (continued)
Nikkiso Co. Ltd.		(4,000	)	$	(29,636	)		(4.3	)%
Nikkon Holdings Co. Ltd.		(11,000	)		(238,572	)		(34.5	)
Nippon Accommodations Fund, Inc.		(50	)		(210,128	)		(30.4	)
Nippon Kayaku Co. Ltd.		(52,900	)		(476,961	)		(68.9	)
Nippon Pillar Packing Co. Ltd.		(800	)		(26,539	)		(3.8	)
Nishimatsu Construction Co. Ltd.		(11,400	)		(316,385	)		(45.7	)
Nitto Boseki Co. Ltd.		(1,900	)		(65,498	)		(9.5	)
Nomura Micro Science Co. Ltd.		(1,500	)		(140,410	)		(20.3	)
Orient Corp.		(7,600	)		(57,904	)		(8.4	)
OSAKA Titanium Technologies Co. Ltd.		(10,901	)		(208,100	)		(30.1	)
Piolax, Inc.		(4,600	)		(78,647	)		(11.4	)
Roland Corp.		(5,700	)		(191,166	)		(27.6	)
Ryosan Co. Ltd.		(800	)		(26,620	)		(3.8	)
Sangetsu Corp.		(27,100	)		(602,774	)		(87.1	)
SBI Sumishin Net Bank Ltd.		(5,900	)		(68,586	)		(9.9	)
Septeni Holdings Co. Ltd.		(132,500	)		(447,711	)		(64.7	)
Shiga Bank Ltd.		(6,400	)		(160,551	)		(23.2	)
Shin Nippon Biomedical Laboratories Ltd.		(14,100	)		(165,167	)		(23.9	)
Shin-Etsu Polymer Co. Ltd.		(17,000	)		(186,485	)		(27.0	)
Shoei Co. Ltd.		(18,700	)		(252,229	)		(36.5	)
Simplex Holdings, Inc.		(5,200	)		(94,641	)		(13.7	)
SKY Perfect JSAT Holdings, Inc.		(26,500	)		(140,752	)		(20.3	)
Sotetsu Holdings, Inc.		(9,000	)		(166,600	)		(24.1	)
Star Micronics Co. Ltd.		(14,000	)		(168,686	)		(24.4	)
SUNWELS Co. Ltd.		(1,400	)		(22,073	)		(3.2	)
T Hasegawa Co. Ltd.		(3,100	)		(70,219	)		(10.1	)
Takara Holdings, Inc.		(55,500	)		(474,132	)		(68.5	)
Tocalo Co. Ltd.		(17,000	)		(182,519	)		(26.4	)
Tokai Carbon Co. Ltd.		(108,800	)		(772,476	)		(111.7	)
Tokyo Kiraboshi Financial Group, Inc.		(6,000	)		(177,135	)		(25.6	)
TOMONY Holdings, Inc.		(2,500	)		(6,946	)		(1.0	)
Topre Corp.		(2,800	)		(41,119	)		(5.9	)
Tri Chemical Laboratories, Inc.		(12,100	)		(301,303	)		(43.5	)
Valqua Ltd.		(2,400	)		(73,645	)		(10.6	)
W-Scope Corp.		(43,400	)		(226,633	)		(32.8	)
Yodogawa Steel Works Ltd.		(5,700	)		(151,606	)		(21.9	)
					(17,601,661	)
Luxembourg
RTL Group SA		(10,312	)		(401,545	)		(58.0	)
Netherlands
Alfen NV		(61,517	)		(3,769,238	)		(544.9	)
AMG Critical Materials NV		(4,316	)		(92,895	)		(13.4	)
Corbion NV, Class C		(12,354	)		(242,496	)		(35.0	)
					(4,104,629	)
New Zealand
Mainfreight Ltd.		(6,088	)		(269,975	)		(39.0	)
Ryman Healthcare Ltd.		(31,595	)		(111,274	)		(16.1	)
					(381,249	)
Norway
Crayon Group Holding ASA		(21,236	)		(181,020	)		(26.2	)
Entra ASA		(20,674	)		(229,853	)		(33.2	)
MPC Container Ships ASA		(451,456	)		(688,137	)		(99.5	)
NEL ASA		(124,576	)		(63,252	)		(9.1	)
Norske Skog ASA		(85,223	)		(298,544	)		(43.2	)
					(1,460,806	)

Security	Shares			Value			% of Basket Value
Portugal
Greenvolt-Energias Renovaveis SA		(164,906	)	$	(1,459,131	)		(210.9	)%
Singapore
AEM Holdings Ltd.		(54,500	)		(109,194	)		(15.8	)
Kenon Holdings Ltd./Singapore		(26,744	)		(641,247	)		(92.7	)
SATS Ltd.		(127,500	)		(261,971	)		(37.8	)
Sheng Siong Group Ltd.		(244,400	)		(285,503	)		(41.3	)
					(1,297,915	)
Spain
Sacyr SA		(159,824	)		(534,169	)		(77.2	)
Vidrala SA		(1,160	)		(117,801	)		(17.0	)
Viscofan SA		(1,875	)		(111,287	)		(16.1	)
					(763,257	)
Sweden
Addnode Group AB, Class B		(12,933	)		(116,413	)		(16.8	)
Bilia AB, Class A		(29,199	)		(354,475	)		(51.2	)
Dometic Group AB		(79,178	)		(635,439	)		(91.9	)
Fabege AB		(14,477	)		(135,484	)		(19.6	)
Fortnox AB		(8,163	)		(45,084	)		(6.5	)
Hexatronic Group AB		(78,492	)		(166,074	)		(24.0	)
Hexpol AB, Class B		(35,756	)		(410,692	)		(59.4	)
Hms Networks Ab		(3,994	)		(177,258	)		(25.6	)
Hufvudstaden AB, Class A		(6,216	)		(81,029	)		(11.7	)
Munters Group AB		(2,680	)		(43,100	)		(6.2	)
New Wave Group AB, Class B		(73,501	)		(658,205	)		(95.2	)
Pandox AB		(9,035	)		(124,901	)		(18.1	)
Paradox Interactive AB		(16,107	)		(318,167	)		(46.0	)
Stillfront Group AB		(115,911	)		(121,131	)		(17.5	)
Vitec Software Group AB, Class B		(1,312	)		(72,803	)		(10.5	)
					(3,460,255	)
Switzerland
Allreal Holding AG, Class N		(6,928	)		(1,242,364	)		(179.6	)
Bossard Holding AG, Registered Shares		(4,300	)		(1,037,185	)		(149.9	)
Cembra Money Bank AG		(3,831	)		(297,736	)		(43.0	)
Comet Holding AG, Class N		(1,484	)		(492,966	)		(71.3	)
Daetwyler Holding AG		(639	)		(131,034	)		(19.0	)
Emmi AG, Class N		(61	)		(64,451	)		(9.3	)
Galenica AG		(34,348	)		(3,034,683	)		(438.7	)
Garrett Motion, Inc.		(32,567	)		(279,750	)		(40.4	)
Interroll Holding AG, Class N		(184	)		(541,925	)		(78.3	)
Leonteq AG		(2,927	)		(109,854	)		(15.9	)
Meyer Burger Technology AG, Class N		(1,445,160	)		(186,649	)		(27.0	)
Mobimo Holding AG		(1,232	)		(367,015	)		(53.1	)
SFS Group AG		(1,955	)		(236,625	)		(34.2	)
SKAN Group AG		(622	)		(55,331	)		(8.0	)
Zehnder Group AG		(683	)		(41,032	)		(5.9	)
					(8,118,600	)
United Kingdom
888 Holdings PLC		(142,858	)		(141,142	)		(20.4	)
Alphawave IP Group PLC		(35,956	)		(59,174	)		(8.6	)
Ascential PLC		(201,886	)		(780,832	)		(112.9	)
Auction Technology Group PLC		(15,152	)		(105,041	)		(15.2	)
Genuit Group PLC		(37,685	)		(202,340	)		(29.3	)
Global Ship Lease, Inc., Class A		(6,624	)		(141,886	)		(20.5	)
Ibstock PLC		(58,461	)		(114,111	)		(16.5	)
Oxford Nanopore Technologies PLC		(4,904	)		(10,004	)		(1.4	)
Rathbones Group PLC		(4,748	)		(99,774	)		(14.4	)

51  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United Kingdom (continued)
Renishaw PLC		(5,715	)	$	(253,861	)		(36.7	)%
Trainline PLC		(54,442	)		(228,883	)		(33.1	)
Victrex PLC		(17,112	)		(296,907	)		(42.9	)
WH Smith PLC		(28,594	)		(438,892	)		(63.4	)
					(2,872,847	)
United States
Adeia, Inc.		(4,147	)		(50,345	)		(7.3	)
ADT, Inc.		(41,037	)		(267,972	)		(38.7	)
ADTRAN Holdings, Inc.		(11,045	)		(69,197	)		(10.0	)
Aehr Test Systems		(3,433	)		(50,980	)		(7.4	)
Agiliti, Inc.		(5,367	)		(38,052	)		(5.5	)
Altair Engineering, Inc., Class A		(3,060	)		(260,161	)		(37.6	)
Altus Power, Inc., Class A		(58,049	)		(312,884	)		(45.2	)
AMC Networks, Inc., Class A		(1,067	)		(19,302	)		(2.8	)
Apollo Commercial Real Estate Finance, Inc.		(13,004	)		(145,125	)		(21.0	)
Applied Digital Corp.		(80,303	)		(412,757	)		(59.7	)
Ares Commercial Real Estate Corp.		(3,560	)		(33,856	)		(4.9	)
Arhaus, Inc., Class A		(13,401	)		(156,658	)		(22.6	)
ARMOUR Residential REIT, Inc.		(28,526	)		(543,420	)		(78.6	)
Artesian Resources Corp., Class A		(1,708	)		(62,342	)		(9.0	)
Assured Guaranty Ltd.		(8,747	)		(709,644	)		(102.6	)
Astronics Corp.		(3,012	)		(50,933	)		(7.4	)
Atlas Energy Solutions, Inc.		(4,820	)		(83,723	)		(12.1	)
Atrion Corp.		(45	)		(15,300	)		(2.2	)
Balchem Corp.		(607	)		(85,077	)		(12.3	)
Bank First Corp.		(12,542	)		(1,059,046	)		(153.1	)
Bank of Hawaii Corp.		(22,753	)		(1,438,672	)		(208.0	)
BGC Group, Inc., Class A		(72,954	)		(515,055	)		(74.5	)
Boston Omaha Corp., Class A		(12,829	)		(198,721	)		(28.7	)
BRC, Inc., Class A		(13,604	)		(51,423	)		(7.4	)
Broadstone Net Lease, Inc.		(1,912	)		(30,726	)		(4.4	)
BRP Group, Inc., Class A		(26,495	)		(594,548	)		(85.9	)
Burford Capital Ltd.		(23,473	)		(353,034	)		(51.0	)
California Water Service Group		(1,907	)		(86,330	)		(12.5	)
Cambridge Bancorp		(5,802	)		(397,959	)		(57.5	)
Camping World Holdings, Inc., Class A		(4,431	)		(110,110	)		(15.9	)
Cass Information Systems, Inc.		(4,273	)		(184,423	)		(26.7	)
Centrus Energy Corp., Class A		(596	)		(29,931	)		(4.3	)
Certara, Inc.		(16,880	)		(272,781	)		(39.4	)
Claros Mortgage Trust, Inc.		(3,619	)		(42,487	)		(6.1	)
Cleanspark, Inc.		(71,516	)		(575,704	)		(83.2	)
Clearfield, Inc.		(26,203	)		(660,054	)		(95.4	)
CNB Financial Corp.		(862	)		(18,404	)		(2.7	)
Coastal Financial Corp.		(4,854	)		(193,675	)		(28.0	)
Collegium Pharmaceutical, Inc.		(8,409	)		(277,161	)		(40.1	)
Columbia Financial, Inc.		(5,495	)		(98,800	)		(14.3	)
Conduent, Inc.		(18,514	)		(66,650	)		(9.6	)
Consensus Cloud Solutions, Inc.		(12,621	)		(274,381	)		(39.7	)
CoreCivic, Inc.		(3,600	)		(51,192	)		(7.4	)
Corsair Gaming, Inc.		(36,350	)		(462,736	)		(66.9	)
Crescent Energy Co., Class A		(86,390	)		(954,610	)		(138.0	)
CTS Corp.		(4,642	)		(190,601	)		(27.6	)
Cytek Biosciences, Inc.		(8,199	)		(61,902	)		(8.9	)
Definitive Healthcare Corp., Class A		(14,587	)		(123,990	)		(17.9	)
Denny’s Corp.		(7,099	)		(75,462	)		(10.9	)
DiamondRock Hospitality Co.		(79,785	)		(729,235	)		(105.4	)
Dine Brands Global, Inc.		(10,831	)		(505,266	)		(73.0	)
Distribution Solutions Group, Inc.		(3,135	)		(100,069	)		(14.5	)
DocGo, Inc.		(3,002	)		(11,107	)		(1.6	)
Dorman Products, Inc.		(2,562	)		(208,572	)		(30.1	)

Security	Shares			Value			% of Basket Value
United States (continued)
Eastman Kodak Co.		(34,597	)	$	(119,360	)		(17.3	)%
Ecovyst, Inc.		(14,932	)		(138,270	)		(20.0	)
Embecta Corp.		(15,039	)		(257,768	)		(37.3	)
Encore Capital Group, Inc.		(1,388	)		(69,511	)		(10.0	)
Enfusion, Inc., Class A		(42,549	)		(336,137	)		(48.6	)
Enhabit, Inc.		(4,583	)		(46,242	)		(6.7	)
Enliven Therapeutics, Inc.		(28,086	)		(440,950	)		(63.7	)
Enovix Corp.		(178,830	)		(1,664,907	)		(240.7	)
Enstar Group Ltd.		(2,126	)		(567,408	)		(82.0	)
European Wax Center, Inc., Class A		(57,657	)		(855,630	)		(123.7	)
Evolus, Inc.		(5,005	)		(63,513	)		(9.2	)
Excelerate Energy, Inc., Class A		(13,989	)		(214,311	)		(31.0	)
F&G Annuities & Life, Inc.		(7,000	)		(313,880	)		(45.4	)
Farmers National Banc Corp.		(14,361	)		(197,033	)		(28.5	)
Farmland Partners, Inc.		(50,477	)		(566,352	)		(81.9	)
First Advantage Corp.		(1,307	)		(21,396	)		(3.1	)
First Bancorp/Southern Pines NC		(437	)		(15,103	)		(2.2	)
First Bancshares, Inc.		(7,578	)		(192,709	)		(27.9	)
First Commonwealth Financial Corp.		(11,486	)		(160,919	)		(23.3	)
First Community Bankshares, Inc.		(4,235	)		(145,176	)		(21.0	)
First Merchants Corp.		(3,733	)		(126,213	)		(18.2	)
GCM Grosvenor, Inc., Class A		(2,371	)		(20,604	)		(3.0	)
GEO Group, Inc.		(9,332	)		(103,772	)		(15.0	)
German American Bancorp, Inc.		(2,211	)		(73,250	)		(10.6	)
Gladstone Land Corp.		(8,854	)		(125,373	)		(18.1	)
Global Medical REIT, Inc.		(16,221	)		(163,994	)		(23.7	)
Great Southern Bancorp, Inc.		(4,957	)		(258,210	)		(37.3	)
Grid Dynamics Holdings, Inc., Class A		(19,678	)		(256,798	)		(37.1	)
Hawkins, Inc.		(1,421	)		(94,596	)		(13.7	)
Haynes International, Inc.		(2,055	)		(114,402	)		(16.5	)
Herbalife Ltd.		(6,079	)		(73,252	)		(10.6	)
HighPeak Energy, Inc.		(12,863	)		(175,580	)		(25.4	)
Hillman Solutions Corp.		(53,959	)		(474,300	)		(68.6	)
Hilltop Holdings, Inc.		(3,180	)		(100,138	)		(14.5	)
Home BancShares, Inc.		(5,237	)		(122,755	)		(17.7	)
Ichor Holdings Ltd.		(1,361	)		(49,268	)		(7.1	)
International Bancshares Corp.		(7,921	)		(418,704	)		(60.5	)
Intrepid Potash, Inc.		(2,386	)		(43,902	)		(6.3	)
Ivanhoe Electric, Inc.		(118,395	)		(989,782	)		(143.1	)
Jack in the Box, Inc.		(6,116	)		(476,865	)		(68.9	)
John Bean Technologies Corp.		(1,699	)		(167,793	)		(24.3	)
Kinetik Holdings, Inc., Class A		(123,972	)		(4,031,569	)		(582.8	)
Lakeland Financial Corp.		(961	)		(64,349	)		(9.3	)
Leslie’s, Inc.		(40,403	)		(271,104	)		(39.2	)
Life Time Group Holdings, Inc.		(6,812	)		(90,600	)		(13.1	)
Lightwave Logic, Inc.		(75,760	)		(326,526	)		(47.2	)
Lindblad Expeditions Holdings, Inc.		(12,741	)		(117,727	)		(17.0	)
Madison Square Garden Entertainment Corp.		(1,645	)		(54,844	)		(7.9	)
Maravai LifeSciences Holdings, Inc., Class A		(11,088	)		(64,310	)		(9.3	)
MaxCyte, Inc.		(13,331	)		(67,855	)		(9.8	)
MediaAlpha, Inc., Class A		(2,870	)		(36,593	)		(5.3	)
Medifast, Inc.		(1,085	)		(59,295	)		(8.6	)
MeridianLink, Inc.		(13,820	)		(314,405	)		(45.4	)
Mesa Laboratories, Inc.		(1,332	)		(122,038	)		(17.6	)
Middlesex Water Co.		(869	)		(48,638	)		(7.0	)
Mirion Technologies, Inc., Class A		(77,939	)		(736,524	)		(106.5	)
Mission Produce, Inc.		(2,561	)		(25,584	)		(3.7	)
Montauk Renewables, Inc.		(15,249	)		(105,371	)		(15.2	)
Movado Group, Inc.		(26,660	)		(735,283	)		(106.3	)
National Bank Holdings Corp., Class A		(9,944	)		(348,040	)		(50.3	)
National Cinemedia, Inc.		(70,917	)		(290,051	)		(41.9	)

S C H E D U L E  O F   I N V E S T M E N T S 52

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
National Presto Industries, Inc.		(1,583	)	$	(125,326	)		(18.1	)%
NBT Bancorp, Inc.		(11,513	)		(409,517	)		(59.2	)
nCino, Inc.		(1,709	)		(53,799	)		(7.8	)
NeoGenomics, Inc.		(31,146	)		(462,518	)		(66.9	)
New York Mortgage Trust, Inc.		(7,507	)		(58,855	)		(8.5	)
NewtekOne, Inc.		(10,647	)		(127,870	)		(18.5	)
Nicolet Bankshares, Inc.		(1,609	)		(125,132	)		(18.1	)
nLight, Inc.		(10,526	)		(136,627	)		(19.7	)
Northfield Bancorp, Inc.		(1,125	)		(13,534	)		(2.0	)
OmniAb, Inc.		(3,474	)		(20,149	)		(2.9	)
One Liberty Properties, Inc.		(3,090	)		(62,542	)		(9.0	)
OneWater Marine, Inc., Class A		(17,486	)		(441,172	)		(63.8	)
Origin Bancorp, Inc.		(5,436	)		(165,798	)		(24.0	)
OrthoPediatrics Corp.		(5,734	)		(149,772	)		(21.6	)
Papa John’s International, Inc.		(10,997	)		(808,060	)		(116.8	)
Paragon 28, Inc.		(1,293	)		(16,395	)		(2.4	)
Park National Corp.		(2,711	)		(354,273	)		(51.2	)
Peapack-Gladstone Financial Corp.		(3,020	)		(83,292	)		(12.0	)
Peoples Bancorp, Inc.		(5,424	)		(158,923	)		(23.0	)
Phillips Edison & Co., Inc.		(4,423	)		(153,522	)		(22.2	)
Phinia, Inc.		(4,653	)		(140,707	)		(20.3	)
Piedmont Lithium, Inc.		(22,140	)		(338,299	)		(48.9	)
Pitney Bowes, Inc.		(24,720	)		(101,599	)		(14.7	)
Plymouth Industrial REIT, Inc.		(4,554	)		(100,826	)		(14.6	)
PolyPeptide Group AG		(10,823	)		(200,280	)		(29.0	)
Powell Industries, Inc.		(1,798	)		(213,117	)		(30.8	)
ProAssurance Corp.		(8,103	)		(109,066	)		(15.8	)
QuantumScape Corp., Class A		(154,773	)		(1,054,004	)		(152.4	)
RCI Hospitality Holdings, Inc.		(1,082	)		(66,824	)		(9.7	)
Ready Capital Corp.		(172,318	)		(1,614,620	)		(233.4	)
Reliance Worldwide Corp. Ltd.		(591,157	)		(1,636,982	)		(236.6	)
Retail Opportunity Investments Corp.		(25,181	)		(342,210	)		(49.5	)
Rocket Lab USA, Inc., Class A		(45,626	)		(221,286	)		(32.0	)
S&T Bancorp, Inc.		(7,542	)		(251,450	)		(36.3	)
Sabre Corp.		(10,574	)		(43,353	)		(6.3	)
Sensient Technologies Corp.		(191	)		(11,848	)		(1.7	)
Shenandoah Telecommunications Co.		(2,460	)		(50,405	)		(7.3	)
Simply Good Foods Co.		(4,970	)		(187,866	)		(27.2	)
Six Flags Entertainment Corp.		(45,027	)		(1,135,131	)		(164.1	)
Solo Brands, Inc., Class A		(9,768	)		(27,253	)		(3.9	)
Sotera Health Co.		(9,362	)		(137,809	)		(19.9	)
Stellar Bancorp, Inc.		(4,997	)		(125,075	)		(18.1	)
StepStone Group, Inc., Class A		(17,203	)		(575,440	)		(83.2	)
Steven Madden Ltd.		(21,219	)		(888,652	)		(128.5	)
Sun Country Airlines Holdings, Inc.		(18,920	)		(257,501	)		(37.2	)
SunCoke Energy, Inc.		(11,912	)		(122,098	)		(17.6	)
SunPower Corp.		(408,271	)		(1,237,061	)		(178.8	)
Sunrun, Inc.		(3,166	)		(45,844	)		(6.6	)
Target Hospitality Corp.		(9,966	)		(96,371	)		(13.9	)
Tarsus Pharmaceuticals, Inc.		(6,003	)		(163,522	)		(23.6	)
Tidewater, Inc.		(7,972	)		(535,639	)		(77.4	)
TimkenSteel Corp.		(3,091	)		(63,520	)		(9.2	)
Towne Bank		(4,590	)		(129,025	)		(18.7	)
Transcat, Inc.		(1,052	)		(115,762	)		(16.7	)
Triumph Financial, Inc.		(2,189	)		(154,653	)		(22.4	)
Triumph Group, Inc.		(47,051	)		(762,226	)		(110.2	)
Ubiquiti, Inc.		(3,594	)		(451,910	)		(65.3	)
UFP Technologies, Inc.		(1,867	)		(314,608	)		(45.5	)
Uniti Group, Inc.		(104,521	)		(549,780	)		(79.5	)
Uranium Energy Corp.		(26,832	)		(204,996	)		(29.6	)
WaFd, Inc.		(8,595	)		(249,599	)		(36.1	)

Security	Shares			Value			% of Basket Value
United States (continued)
Westrock Coffee Co.		(109,786	)	$	(1,137,383	)		(164.4	)%
White Mountains Insurance Group Ltd.		(284	)		(447,575	)		(64.7	)
Whitestone REIT		(6,068	)		(78,399	)		(11.3	)
XPEL, Inc.		(4,097	)		(218,985	)		(31.7	)
York Water Co.		(4,540	)		(162,895	)		(23.5	)
					(54,099,907	)
Investment Companies
United Kingdom
Digital 9 Infrastructure PLC		(1,172,609	)		(371,502	)		(53.7	)
Preferred Stocks
Germany
Jungheinrich AG		(5,167	)		(176,298	)		(25.5	)
Rights
Spain
Sacyr SA, (Expires 02/09/24)		(159,824	)		(10,803	)		(1.6	)
Total Reference Entity — Short				(133,365,785)
Net Value of Reference Entity — BNP Paribas SA					$   691,778

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with Goldman Sachs Bank USA as of period end, termination date 08/19/26:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
Abacus Group		44,393	$	32,078		2.0	%
Accent Group Ltd.		75,287		100,500		6.3
Alumina Ltd.		882,621		673,226		42.5
Arena REIT		41,546		95,744		6.0
AUB Group Ltd.		16,336		329,655		20.8
Austal Ltd.		96,322		129,682		8.2
Bega Cheese Ltd.		265,372		655,772		41.4
Boral Ltd.		227,312		795,589		50.2
Challenger Ltd.		200,859		864,807		54.5
Charter Hall Retail REIT		173,071		424,335		26.8
Charter Hall Social Infrastructure REIT		38,629		70,803		4.5
Credit Corp. Group Ltd.		22,760		256,743		16.2
CSR Ltd.		300,497		1,372,971		86.6
Data#3 Ltd.		100,438		646,988		40.8
Downer EDI Ltd.		318,241		880,135		55.5
GrainCorp Ltd., Class A		106,449		567,059		35.8
Growthpoint Properties Australia Ltd.		220,714		350,646		22.1
Netwealth Group Ltd.		31,819		350,691		22.1
NRW Holdings Ltd.		42,726		76,685		4.8
oOh!media Ltd.		171,292		181,557		11.4
Perenti Ltd.		618,817		334,550		21.1
Pinnacle Investment Management Group Ltd.		42,297		283,204		17.9
Regis Resources Ltd., Registered Shares		497,420		689,150		43.5
Ridley Corp. Ltd.		70,353		130,436		8.2
Silver Lake Resources Ltd.		555,092		443,347		28.0
SiteMinder Ltd.		20,416		70,900		4.5
Star Entertainment Grp Ltd.		432,951		159,250		10.0
Steadfast Group Ltd.		98,250		385,739		24.3

53  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Australia (continued)
Technology One Ltd.		137,815	$	1,428,888		90.1	%
Ventia Services Group Pty Ltd.		601,504		1,309,210		82.6
Waypoint REIT Ltd.		258,969		422,967		26.7
				14,513,307
Austria
ANDRITZ AG		19,112		1,191,633		75.1
Kontron AG		33,095		777,942		49.1
Raiffeisen Bank International AG		57,990		1,225,799		77.3
Telekom Austria AG, Class A		21,869		193,045		12.2
UNIQA Insurance Group AG		71,605		608,577		38.4
Wienerberger AG		7,896		270,897		17.1
				4,267,893
Belgium
Barco NV		57,860		974,930		61.5
Proximus SADP		106,356		1,022,912		64.5
Shurgard Self Storage Ltd.		3,771		177,179		11.2
				2,175,021
Canada
AbCellera Biologics, Inc.		67,382		344,322		21.7
Advantage Energy Ltd.		20,870		137,050		8.7
Aecon Group, Inc.		73,750		758,808		47.9
Ag Growth International, Inc.		4,348		182,757		11.5
Artis Real Estate Investment Trust		88,341		428,179		27.0
Atco Ltd., Class I		11,400		319,126		20.1
Boralex, Inc., Class A		16,270		392,823		24.8
Canfor Corp.		59,177		717,320		45.3
Centerra Gold, Inc.		21,740		114,761		7.2
Crombie Real Estate Investment Trust		70,660		714,926		45.1
Doman Building Materials Group Ltd.		6,880		40,211		2.5
DREAM Unlimited Corp., Class A		15,397		271,788		17.2
Fortuna Silver Mines, Inc.		245,661		748,783		47.2
Freehold Royalties Ltd.		24,971		258,974		16.3
H&R Real Estate Investment Trust		99,591		730,346		46.1
Innergex Renewable Energy, Inc.		245,104		1,675,086		105.7
Interfor Corp.		37,182		575,713		36.3
Laurentian Bank of Canada		13,298		262,656		16.6
Major Drilling Group International, Inc.		22,975		141,985		9.0
Nexus Industrial REIT		5,993		35,963		2.3
North American Construction Group Ltd.		18,893		434,901		27.4
Novagold Resources, Inc.		7,352		18,781		1.2
Obsidian Energy Ltd.		44,868		306,311		19.3
Pason Systems, Inc.		56,974		625,210		39.4
Precision Drilling Corp.		20,195		1,251,294		78.9
Russel Metals, Inc.		31,217		1,024,653		64.6
Silvercorp Metals, Inc.		111,091		263,845		16.6
Topaz Energy Corp.		55,244		799,561		50.4
				13,576,133
Channel Islands
Balanced Commercial Property Trust Ltd.		232,244		223,655		14.1
Denmark
H Lundbeck A/S, Class B		42,132		216,161		13.6
Egypt
Centamin PLC		346,123		423,465		26.7

Security	Shares		Value		% of Basket Value
Finland
Citycon OYJ		93,078	$	493,307		31.1	%
Outokumpu OYJ		130,057		561,228		35.4
				1,054,535
France
CGG SA		925,483		450,684		28.4
Cie Plastic Omnium SE		38,259		444,673		28.1
Clariane SE		72,445		185,357		11.7
Etablissements Maurel et Prom SA		56,291		337,483		21.3
Guerbet		1		25		0.0
ICADE		36,364		1,249,433		78.8
Rubis SCA		82,721		2,119,801		133.7
Television Francaise 1 SA		110,522		986,394		62.2
				5,773,850
Georgia
Bank of Georgia Group PLC		47,895		2,313,778		145.9
TBC Bank Group PLC		40,593		1,505,964		95.0
				3,819,742
Germany
Atoss Software AG		2,835		785,806		49.6
Aurubis AG		9,616		701,265		44.2
Auto1 Group SE		51,913		219,434		13.8
Bilfinger SE		15,536		666,922		42.1
CompuGroup Medical SE & Co. KgaA		5,151		223,697		14.1
Deutsche Pfandbriefbank AG		15,607		95,220		6.0
Deutsche Wohnen SE		29,501		726,161		45.8
Deutz AG		118,360		723,343		45.6
Duerr AG		24,603		569,833		36.0
Grand City Properties SA		44,862		441,453		27.9
Hypoport SE		1,490		319,918		20.2
Krones AG		5,666		711,279		44.9
METRO AG		19,891		135,914		8.6
SAF-Holland SE		30,944		506,307		31.9
Salzgitter AG		21,633		611,227		38.6
Suedzucker AG		34,058		487,105		30.7
TUI AG		321,446		2,242,337		141.4
Uniper SE		305		19,641		1.2
United Internet AG, Class N		61,617		1,639,294		103.4
Vitesco Technologies Group AG		10,887		964,309		60.8
				12,790,465
Hong Kong
Fortune Real Estate Investment Trust		153,000		87,549		5.5
Ireland
Cimpress PLC		8,105		609,658		38.5
Glanbia PLC		25,554		462,429		29.2
Greencore Group PLC		247,527		322,424		20.3
				1,394,511
Israel
Alony Hetz Properties & Investments Ltd.		26,997		198,500		12.5
Delek Group Ltd.		6,022		723,593		45.7
Kornit Digital Ltd.		7,972		136,401		8.6
				1,058,494
Italy
Banca IFIS SpA		11,638		204,065		12.9
Banca Popolare di Sondrio SpA		87,642		673,201		42.5
Brunello Cucinelli SpA		23,573		2,365,181		149.2
Buzzi SpA		19,514		671,565		42.3

S C H E D U L E  O F   I N V E S T M E N T S 54

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Italy (continued)
Credito Emiliano SpA		7,521	$	69,267		4.4	%
De’ Longhi SpA		4,802		157,617		9.9
Hera SpA		88,304		314,928		19.9
Iren SpA		176,630		375,769		23.7
Maire Tecnimont SpA		86,161		453,906		28.6
Piaggio & C SpA		24,123		81,265		5.1
PRADA SpA		103,300		640,225		40.4
Sesa SpA		7,774		1,067,935		67.4
Unipol Gruppo SpA		290,341		1,818,376		114.7
Webuild SpA		375,448		799,926		50.4
				9,693,226
Japan
77 Bank Ltd.		18,400		446,731		28.2
Acom Co. Ltd.		183,800		475,107		30.0
Adastria Co. Ltd.		50,900		1,197,491		75.5
Aeon Delight Co. Ltd.		26,800		692,743		43.7
Aisan Industry Co. Ltd.		27,300		257,041		16.2
Alfresa Holdings Corp.		102,000		1,689,447		106.6
Anicom Holdings, Inc.		78,300		313,755		19.8
Avex, Inc.		27,400		265,357		16.7
AZ-COM MARUWA Holdings, Inc.		51,100		531,399		33.5
Bic Camera, Inc.		229,400		2,158,725		136.2
BML, Inc.		6,900		134,657		8.5
Bunka Shutter Co. Ltd.		69,200		695,971		43.9
Cellebrite Di Ltd.		28,377		256,528		16.2
Coca-Cola Bottlers Japan Holdings, Inc.		90,900		1,245,535		78.6
Comture Corp.		11,200		139,871		8.8
Create Restaurants Holdings, Inc.		112,500		852,716		53.8
Create SD Holdings Co. Ltd.		25,900		568,504		35.9
Daicel Corp.		141,700		1,402,028		88.4
Daiichikosho Co. Ltd.		23,200		320,988		20.2
Daio Paper Corp.		74,300		565,122		35.6
Daiseki Co. Ltd.		22,200		641,073		40.4
Dentsu Soken, Inc.		6,500		245,200		15.5
dip Corp.		2,900		50,002		3.2
Doutor Nichires Holdings Co. Ltd.		74,100		1,104,815		69.7
DTS Corp.		5,400		134,147		8.5
eGuarantee, Inc.		33,500		441,017		27.8
Eiken Chemical Co. Ltd.		29,200		367,380		23.2
Eizo Corp.		16,200		564,744		35.6
Elecom Co. Ltd.		77,300		907,843		57.3
Elematec Corp.		16,200		198,085		12.5
FCC Co. Ltd.		95,700		1,258,269		79.4
Financial Partners Group Co. Ltd.		117,900		1,365,244		86.1
FP Corp.		2,400		46,967		3.0
Fukuoka REIT Corp.		520		620,833		39.2
FULLCAST Holdings Co. Ltd.		17,400		212,131		13.4
Funai Soken Holdings, Inc.		19,800		348,219		22.0
Furukawa Electric Co. Ltd.		83,300		1,528,011		96.4
Futaba Industrial Co. Ltd.		26,700		162,348		10.2
Fuyo General Lease Co. Ltd.		7,200		649,838		41.0
Glory Ltd.		50,600		1,055,568		66.6
Hanwa Co. Ltd.		15,800		583,354		36.8
Hazama Ando Corp.		20,700		168,773		10.6
Heiwa Real Estate Co. Ltd.		19,600		523,170		33.0
Heiwado Co. Ltd.		36,500		550,304		34.7
Hiday Hidaka Corp.		35,000		711,573		44.9
Hino Motors Ltd.		96,300		330,961		20.9
Hioki EE Corp.		9,500		425,520		26.8
Hokuriku Electric Power Co.		80,900		399,485		25.2

Security	Shares		Value		% of Basket Value
Japan (continued)
Ichigo Office REIT Investment Corp.		1,440	$	816,922		51.5	%
Inaba Denki Sangyo Co. Ltd.		17,900		431,114		27.2
Infomart Corp.		169,500		459,863		29.0
Ishihara Sangyo Kaisha Ltd.		40,400		435,617		27.5
Itochu Enex Co. Ltd.		16,900		182,819		11.5
Itoham Yonekyu Holdings, Inc.		8,080		228,533		14.4
Itoki Corp.		25,500		260,473		16.4
JAC Recruitment Co. Ltd.		139,600		643,722		40.6
Japan Elevator Service Holdings Co. Ltd.		25,900		395,246		24.9
JCU Corp.		4,400		112,123		7.1
JINS Holdings, Inc.		15,200		432,898		27.3
JTEKT Corp.		288,800		2,665,767		168.1
Kaken Pharmaceutical Co. Ltd.		23,900		569,849		35.9
Kandenko Co. Ltd.		37,800		392,194		24.7
Kaneka Corp.		6,600		162,043		10.2
Kanematsu Corp.		4,800		75,111		4.7
Kato Sangyo Co. Ltd.		9,300		306,116		19.3
Kewpie Corp.		108,900		1,955,709		123.4
Kissei Pharmaceutical Co. Ltd.		8,800		189,772		12.0
Kitz Corp.		22,300		184,099		11.6
Kokuyo Co. Ltd.		37,900		616,245		38.9
Kyoritsu Maintenance Co. Ltd.		49,000		2,032,614		128.2
Life Corp.		17,300		443,475		28.0
Link And Motivation, Inc.		37,300		141,259		8.9
Lion Corp.		132,500		1,184,963		74.7
Mandom Corp.		59,300		520,868		32.9
Mani, Inc.		27,900		391,283		24.7
Maxell Ltd.		38,300		424,793		26.8
Megmilk Snow Brand Co. Ltd.		39,100		618,784		39.0
Meidensha Corp.		28,300		511,972		32.3
MEITEC Group Holdings, Inc.		37,700		752,987		47.5
METAWATER Co. Ltd.		9,400		138,300		8.7
Milbon Co. Ltd.		11,400		272,021		17.2
MIRAIT ONE Corp.		26,800		357,467		22.5
Mitsubishi Materials Corp.		252,400		4,659,708		293.9
Mitsubishi Shokuhin Co. Ltd.		34,500		1,182,752		74.6
Mitsui Mining & Smelting Co. Ltd.		75,400		2,353,354		148.4
MIXI, Inc.		58,400		1,011,118		63.8
Modec, Inc.		54,600		859,294		54.2
Monogatari Corp.		17,400		619,068		39.0
Morinaga & Co. Ltd.		64,300		1,237,970		78.1
Nakanishi, Inc.		28,900		477,717		30.1
Nichicon Corp.		45,900		404,995		25.5
Nippn Corp.		16,900		261,547		16.5
Nippon Gas Co. Ltd.		13,000		203,425		12.8
Nippon Light Metal Holdings Co. Ltd.		119,300		1,483,643		93.6
Nippon Road Co. Ltd.		18,500		269,236		17.0
Nishi-Nippon Financial Holdings, Inc.		39,800		462,166		29.1
Nisshin Oillio Group Ltd.		14,000		431,375		27.2
Nisshinbo Holdings, Inc.		227,300		1,892,003		119.3
Nittetsu Mining Co. Ltd.		12,900		464,349		29.3
NOK Corp.		39,100		522,910		33.0
Nomura Co. Ltd.		106,300		634,264		40.0
Noritz Corp.		17,700		188,222		11.9
North Pacific Bank Ltd.		41,200		105,452		6.6
NSD Co. Ltd.		18,700		354,332		22.3
NTN Corp.		867,400		1,592,647		100.5
Okamura Corp.		23,300		351,763		22.2
Oki Electric Industry Co. Ltd.		138,400		980,893		61.9
Okinawa Cellular Telephone Co.		17,700		435,487		27.5
Onward Holdings Co. Ltd.		149,800		555,204		35.0

55  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Japan (continued)
Optex Group Co. Ltd.		11,100	$	139,101		8.8	%
Pacific Industrial Co. Ltd.		46,000		449,895		28.4
PALTAC Corp.		28,300		870,081		54.9
Pigeon Corp.		360,900		3,968,556		250.3
Prima Meat Packers Ltd.		29,800		492,052		31.0
Raito Kogyo Co. Ltd.		40,700		574,786		36.3
Relo Group, Inc.		110,700		1,122,473		70.8
Saizeriya Co. Ltd.		63,400		2,196,086		138.5
San-Ai Obbli Co. Ltd.		6,000		68,318		4.3
Sanki Engineering Co. Ltd.		17,900		231,790		14.6
Sanyo Chemical Industries Ltd.		6,500		191,812		12.1
Sato Holdings Corp.		32,100		476,516		30.1
Seino Holdings Co. Ltd.		15,900		234,158		14.8
Shibaura Machine Co. Ltd.		30,300		741,164		46.7
Shizuoka Gas Co. Ltd.		33,300		229,445		14.5
SMS Co. Ltd.		39,700		723,983		45.7
Sodick Co. Ltd.		26,600		128,781		8.1
Sohgo Security Services Co. Ltd.		110,600		609,723		38.5
Starts Corp., Inc.		18,700		387,247		24.4
Strike Co. Ltd.		33,600		1,092,831		68.9
Sumitomo Mitsui Construction Co. Ltd.		224,900		636,734		40.2
Sun Frontier Fudousan Co. Ltd.		900		10,866		0.7
Suzuken Co. Ltd.		37,800		1,181,809		74.5
Systena Corp.		413,900		844,839		53.3
Tadano Ltd.		39,900		327,896		20.7
Taikisha Ltd.		6,800		204,361		12.9
Takuma Co. Ltd.		89,200		1,059,985		66.9
Tamron Co. Ltd.		2,500		95,647		6.0
TechMatrix Corp.		14,900		160,867		10.1
Teijin Ltd.		98,200		912,117		57.5
Toa Corp.		28,900		771,182		48.6
Tokai Rika Co. Ltd.		41,600		663,960		41.9
Tokuyama Corp.		34,200		553,656		34.9
Tokyu Construction Co. Ltd.		132,800		744,151		46.9
Topcon Corp.		65,500		759,585		47.9
Tosei Corp.		66,600		971,341		61.3
Toshiba TEC Corp.		25,800		540,249		34.1
Towa Pharmaceutical Co. Ltd.		54,700		966,096		60.9
Toyo Ink SC Holdings Co. Ltd.		43,900		827,963		52.2
Toyo Seikan Group Holdings Ltd.		32,600		522,888		33.0
Toyoda Gosei Co. Ltd.		145,300		2,817,062		177.7
Trusco Nakayama Corp.		28,500		491,592		31.0
TS Tech Co. Ltd.		34,800		443,976		28.0
TSI Holdings Co. Ltd.		73,100		342,658		21.6
Tsubakimoto Chain Co.		11,400		332,699		21.0
Tv Tokyo Holdings Corp.		4,400		93,245		5.9
United Arrows Ltd.		29,700		393,178		24.8
United Urban Investment Corp.		673		687,526		43.4
Usen-Next Holdings Co. Ltd.		6,900		202,305		12.8
UT Group Co. Ltd.		13,400		215,698		13.6
Wacom Co. Ltd.		92,000		428,081		27.0
YAMABIKO Corp.		6,500		73,477		4.6
Yamazen Corp.		39,000		332,663		21.0
Yaoko Co. Ltd.		12,400		721,584		45.5
Yokogawa Bridge Holdings Corp.		3,300		64,444		4.1
Yuasa Trading Co. Ltd.		5,800		195,076		12.3
				108,626,759
Netherlands
Eurocommercial Properties NV		10,112		229,702		14.5

Security	Shares		Value		% of Basket Value
Netherlands
Netherlands (continued)
Koninklijke BAM Groep NV		112,733	$	315,172		19.9	%
PostNL NV		659,483		973,602		61.4
TomTom NV		67,393		462,252		29.1
				1,980,728
Norway
Aker Solutions ASA		201,742		760,390		48.0
DNO ASA		58,310		51,915		3.3
Elkem ASA		202,374		426,547		26.9
Odfjell Drilling Ltd.		216,353		814,248		51.3
Wallenius Wilhelmsen ASA		30,876		304,340		19.2
				2,357,440
Portugal
CTT-Correios de Portugal SA		45,736		183,864		11.6
Mota-Engil SGPS SA		122,314		709,768		44.8
NOS SGPS SA		215,937		775,666		48.9
Sonae SGPS SA		720,491		705,890		44.5
				2,375,188
Singapore
BW LPG Ltd.		70,991		890,644		56.2
IGG, Inc.		988,000		351,392		22.2
Kulicke & Soffa Industries, Inc.		22,852		1,149,913		72.5
				2,391,949
South Africa
Scatec ASA		102,586		773,615		48.8
South Korea
Magnachip Semiconductor Corp.		16,219		105,910		6.7
Spain
Almirall SA		23,888		229,571		14.5
Atlantica Sustainable Infrastructure PLC		11,540		221,337		14.0
Indra Sistemas SA		128,248		2,305,072		145.4
Inmobiliaria Colonial Socimi SA		103,423		629,970		39.7
Merlin Properties Socimi SA		139,215		1,436,818		90.6
Obrascon Huarte Lain SA		358,422		159,161		10.0
				4,981,929
Sweden
Corem Property Group AB, Class B		144,640		146,828		9.3
Loomis Ab, Class B		15,029		414,603		26.2
MIPS AB		4,839		161,942		10.2
Modern Times Group MTG AB, Class B		28,807		222,260		14.0
Mycronic AB		27,940		783,276		49.4
Nyfosa AB		39,073		352,090		22.2
Sectra AB, Class B		18,544		347,979		21.9
				2,428,978
Switzerland
Aryzta AG		625,181		1,131,211		71.4
DKSH Holding AG		18,982		1,338,443		84.4
dormakaba Holding AG, Class N		408		206,061		13.0
Inficon Holding AG, Class N		290		443,592		28.0
IWG PLC		113,053		269,012		17.0
Ypsomed Holding AG, Registered Shares		2,274		809,064		51.0
				4,197,383
United Kingdom
Breedon Group PLC		42,994		198,881		12.5
Capricorn Energy PLC		128,721		237,701		15.0
Chemring Group PLC		183,179		820,534		51.8

S C H E D U L E  O F   I N V E S T M E N T S 56

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United Kingdom (continued)
Close Brothers Group PLC		141,374	$	973,757		61.4	%
CVS Group PLC		5,424		116,520		7.3
Deliveroo PLC, Class A		604,938		904,972		57.1
Firstgroup PLC		383,408		810,883		51.1
Gamma Communications PLC		8,979		136,414		8.6
Grafton Group PLC, CDI		37,986		469,785		29.6
Great Portland Estates PLC		54,769		289,404		18.2
Halfords Group PLC		66,829		151,794		9.6
Hunting PLC		179,722		751,089		47.4
Impax Asset Management Group PLC		20,469		141,303		8.9
Inchcape PLC		180,138		1,558,019		98.3
Investec PLC		79,502		519,954		32.8
J D Wetherspoon PLC		40,506		432,962		27.3
John Wood Group PLC		253,428		504,738		31.8
Jupiter Fund Management PLC		218,313		219,648		13.8
Just Group PLC		329,624		356,717		22.5
Keller Group PLC		11,952		132,934		8.4
Kier Group PLC		37,671		61,248		3.9
Mitchells & Butlers PLC		80,261		265,773		16.8
Mitie Group PLC		463,973		610,532		38.5
Moneysupermarket.com Group PLC		83,756		271,350		17.1
Morgan Sindall Group PLC		21,840		629,534		39.7
NCC Group PLC		70,574		108,881		6.9
Nomad Foods Ltd.		23,913		430,195		27.1
OSB Group PLC		236,879		1,353,452		85.4
Paragon Banking Group PLC		84,690		757,606		47.8
Playtech Plc		120,477		681,355		43.0
Redde Northgate PLC		174,308		787,567		49.7
S4 Capital PLC		119,956		67,173		4.2
Serco Group PLC		265,434		581,665		36.7
SThree PLC		60,619		314,970		19.9
Telecom Plus PLC		9,771		180,862		11.4
TP ICAP Group PLC		387,359		921,722		58.1
Vesuvius PLC		150,481		910,058		57.4
Watches of Switzerland Group PLC		17,711		83,458		5.3
Workspace Group PLC		26,856		177,432		11.2
				18,922,842
United States
1-800-Flowers.com, Inc., Class A		29,175		303,420		19.1
Accel Entertainment, Inc., Class A		28,933		296,563		18.7
Accolade, Inc.		10,264		116,188		7.3
Acushnet Holdings Corp.		11,795		747,095		47.1
Addus HomeCare Corp.		2,384		206,454		13.0
Advanced Energy Industries, Inc.		5,957		620,600		39.1
Agilysys, Inc.		2,987		250,042		15.8
Albany International Corp., Class A		9,039		803,658		50.7
Allient, Inc.		3,752		104,531		6.6
Alpha & Omega Semiconductor Ltd.		10,297		264,221		16.7
Amalgamated Financial Corp.		13,348		354,523		22.4
Ambarella, Inc.		16,770		881,431		55.6
American Assets Trust, Inc.		95,321		2,138,050		134.9
American Software, Inc., Class A		4,710		53,364		3.4
American Vanguard Corp.		7,833		85,536		5.4
American Woodmark Corp.		11,297		1,031,190		65.0
Andersons, Inc.		2,863		150,909		9.5
Anywhere Real Estate, Inc.		92,713		660,117		41.6
Apogee Enterprises, Inc.		26,850		1,417,949		89.4
Archrock, Inc.		25,418		415,330		26.2
Argan, Inc.		6,428		284,953		18.0
AssetMark Financial Holdings, Inc.		11,531		353,656		22.3

Security	Shares		Value		% of Basket Value
United States (continued)
Astec Industries, Inc.		5,986	$	213,102		13.4	%
Atea Pharmaceuticals, Inc.		42,982		178,805		11.3
AtriCure, Inc.		12,067		411,002		25.9
Badger Meter, Inc.		3,230		465,088		29.3
Bandwidth, Inc., Class A		25,815		357,280		22.5
Beazer Homes USA, Inc.		27,772		881,761		55.6
Benchmark Electronics, Inc.		35,012		949,525		59.9
Berry Corp.		68,919		462,447		29.2
BigCommerce Holdings, Inc., Series-1		34,520		282,374		17.8
BlueLinx Holdings, Inc.		9,256		1,067,587		67.3
Brady Corp., Class A		41,226		2,483,042		156.6
Brightsphere Investment Group, Inc.		11,617		256,968		16.2
Bristow Group, Inc.		9,911		261,452		16.5
Brookdale Senior Living, Inc.		117,959		645,236		40.7
Cantaloupe, Inc.		5,105		34,765		2.2
Cargurus, Inc., Class A		3,638		84,547		5.3
Cars.com, Inc.		15,059		262,478		16.6
Castle Biosciences, Inc.		20,161		465,316		29.4
Central Garden & Pet Co., Class A		4,451		183,737		11.6
Century Communities, Inc.		4,563		395,612		25.0
Cerence, Inc.		25,210		504,704		31.8
CEVA, Inc.		7,330		140,736		8.9
Chegg, Inc.		317,502		3,127,395		197.3
Clean Energy Fuels Corp.		15,997		47,191		3.0
CommVault Systems, Inc.		30,276		2,775,704		175.1
Comstock Resources, Inc.		16,903		132,012		8.3
ConnectOne Bancorp, Inc.		13,420		306,513		19.3
Corcept Therapeutics, Inc.		72,878		1,537,726		97.0
CRA International, Inc.		8,322		892,451		56.3
CrossFirst Bankshares, Inc.		7,012		99,009		6.2
CS Disco, Inc.		12,087		98,872		6.2
CSG Systems International, Inc.		58,308		2,933,476		185.0
Customers Bancorp, Inc.		21,304		1,138,486		71.8
Dana, Inc.		121,974		1,653,967		104.3
Delek U.S. Holdings, Inc.		56,275		1,521,113		95.9
Deluxe Corp.		12,843		242,861		15.3
Digi International, Inc.		5,958		144,839		9.1
Digital Turbine, Inc.		44,521		239,968		15.1
Dime Community Bancshares, Inc.		16,363		373,240		23.5
Donnelley Financial Solutions, Inc.		4,198		260,780		16.5
Driven Brands Holdings, Inc.		24,330		318,966		20.1
DXP Enterprises, Inc.		17,805		573,677		36.2
Eagle Bancorp, Inc.		13,563		336,227		21.2
El Pollo Loco Holdings, Inc.		1,336		12,371		0.8
Encore Wire Corp.		3,331		751,141		47.4
EnerSys		5,901		563,959		35.6
Enova International, Inc.		25,080		1,365,104		86.1
Enovis Corp.		50,668		2,974,212		187.6
Enviri Corp.		13,809		118,896		7.5
Esab Corp.		2,392		205,688		13.0
Ethan Allen Interiors, Inc.		34,419		1,002,625		63.2
Everbridge, Inc.		32,773		732,804		46.2
Everi Holdings, Inc.		187,685		1,953,801		123.2
eXp World Holdings, Inc.		51,825		641,594		40.5
EZCORP, Inc., Class A		33,057		284,290		17.9
Federated Hermes, Inc., Class B		1,388		48,524		3.1
First Interstate BancSystem, Inc., Class A		23,682		651,729		41.1
Fiverr International Ltd.		15,033		404,688		25.5
Flushing Financial Corp.		10,542		168,988		10.7
Forestar Group, Inc.		11,650		364,179		23.0
Forrester Research, Inc.		7,430		189,316		11.9

57  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United States (continued)
Forward Air Corp.		2,720	$	120,578		7.6	%
Franklin Covey Co.		15,654		633,048		39.9
Frontdoor, Inc.		57,742		1,891,628		119.3
Fulgent Genetics, Inc.		9,368		230,359		14.5
Genesco, Inc.		8,930		248,075		15.7
Gibraltar Industries, Inc.		3,916		316,883		20.0
G-III Apparel Group Ltd.		37,981		1,142,848		72.1
Global Industrial Co.		11,338		482,205		30.4
GMS, Inc.		13,228		1,113,269		70.2
GoPro, Inc., Class A		270,043		804,728		50.8
GQG Partners, Inc., CDI		418,239		518,952		32.7
Gray Television, Inc.		39,524		377,454		23.8
Greif, Inc., Class A		12,989		813,241		51.3
Griffon Corp.		31,827		1,854,241		117.0
Grocery Outlet Holding Corp.		139,059		3,445,882		217.4
Group 1 Automotive, Inc.		6,961		1,810,278		114.2
Guess?, Inc.		68,455		1,529,285		96.5
Gulfport Energy Corp.		3,831		486,154		30.7
H&E Equipment Services, Inc.		17,571		945,144		59.6
Hackett Group, Inc.		8,523		197,052		12.4
Haverty Furniture Cos., Inc.		13,955		473,075		29.8
HCI Group, Inc.		4,328		388,092		24.5
Health Catalyst, Inc.		53,298		520,721		32.8
Healthcare Services Group, Inc.		45,845		432,777		27.3
HealthStream, Inc.		11,898		316,725		20.0
Heartland Financial USA, Inc.		29,834		1,058,212		66.8
Heidrick & Struggles International, Inc.		11,594		347,472		21.9
Helix Energy Solutions Group, Inc.		49,678		466,973		29.5
Heritage Financial Corp.		2,934		59,120		3.7
Hims & Hers Health, Inc., Class A		8,807		75,564		4.8
Hope Bancorp, Inc.		4,701		52,087		3.3
Horizon Bancorp, Inc.		35,691		467,909		29.5
Hudson Pacific Properties, Inc.		13,988		114,562		7.2
Huron Consulting Group, Inc.		592		61,290		3.9
Hyster-Yale Materials Handling, Inc., Class A		1,827		120,070		7.6
I3 Verticals, Inc., Class A		5,087		95,330		6.0
Independent Bank Corp.		25,780		655,843		41.4
Independent Bank Group, Inc.		19,731		953,994		60.2
Infinera Corp.		109,460		540,732		34.1
Innoviva, Inc.		48,066		778,669		49.1
Insperity, Inc.		6,250		716,813		45.2
Intapp, Inc.		16,895		727,837		45.9
Integral Ad Science Holding Corp.		24,130		351,092		22.1
Inter Parfums, Inc.		591		82,238		5.2
Interface, Inc., Class A		14,357		178,170		11.2
iRadimed Corp.		696		28,821		1.8
Itron, Inc.		19,939		1,438,399		90.7
Janus International Group, Inc.		49,191		696,053		43.9
JELD-WEN Holding, Inc.		23,309		433,547		27.4
JetBlue Airways Corp.		202,586		1,075,732		67.9
Johnson Outdoors, Inc., Class A		2,022		90,505		5.7
Kimball Electronics, Inc.		8,553		203,390		12.8
Kodiak Gas Services, Inc.		8,814		206,424		13.0
Kohl’s Corp.		72,742		1,873,834		118.2
Korn Ferry		15,873		931,269		58.7
Laureate Education, Inc., Class A		88,745		1,119,962		70.6
LeMaitre Vascular, Inc.		3,228		187,353		11.8
LendingClub Corp.		8,114		73,188		4.6
Liquidity Services, Inc.		7,773		135,639		8.6
LivaNova PLC		14,308		696,513		43.9
LiveRamp Holdings, Inc.		16,036		633,101		39.9
Lovesac Co.		13,628		315,624		19.9

Security	Shares		Value		% of Basket Value
United States (continued)
Magnite, Inc.		12,438	$	110,076		6.9	%
Manitowoc Co., Inc.		34,188		550,427		34.7
MaxLinear, Inc.		23,232		483,690		30.5
Mercury General Corp.		14,242		570,392		36.0
Methode Electronics, Inc.		19,405		402,848		25.4
MGP Ingredients, Inc.		4,464		379,217		23.9
Midland States Bancorp, Inc.		11,546		303,198		19.1
MillerKnoll, Inc.		27,824		739,840		46.7
Minerals Technologies, Inc.		7,115		464,965		29.3
MiNK Therapeutics, Inc.		72		62		0.0
Mister Car Wash, Inc.		22,383		185,779		11.7
Model N, Inc.		40,173		1,082,662		68.3
Monro, Inc.		25,633		816,667		51.5
Mr. Cooper Group, Inc.		25,404		1,711,213		107.9
N-able, Inc.		36,475		473,446		29.9
Nabors Industries Ltd.		5,174		437,617		27.6
National Vision Holdings, Inc.		34,660		658,887		41.6
NCR Voyix Corp.		62,549		919,470		58.0
NETGEAR, Inc.		48,519		688,970		43.5
NetScout Systems, Inc.		16,543		355,840		22.4
NexPoint Residential Trust, Inc.		27,108		828,149		52.2
NMI Holdings, Inc., Class A		8,964		286,131		18.1
Nordstrom, Inc.		22,339		405,453		25.6
Novocure Ltd.		128,883		1,794,051		113.2
NOW, Inc.		25,556		257,860		16.3
OceanFirst Financial Corp.		918		15,817		1.0
Olo, Inc., Class A		45,050		232,909		14.7
Omega Flex, Inc.		236		16,463		1.0
ON24, Inc.		31,698		242,490		15.3
Outfront Media, Inc.		102,951		1,340,422		84.6
Owens & Minor, Inc.		12,164		239,752		15.1
Palomar Holdings, Inc.		9,535		570,860		36.0
Pegasystems, Inc.		7,014		341,862		21.6
Pennant Group, Inc.		1,553		23,311		1.5
Perella Weinberg Partners, Class A		16,693		196,143		12.4
PetIQ, Inc., Class A		9,106		163,635		10.3
Playtika Holding Corp.		23,649		170,746		10.8
PRA Group, Inc.		28,166		641,340		40.5
Premier Financial Corp.		34,324		717,028		45.2
Prestige Consumer Healthcare, Inc.		10,202		627,831		39.6
PriceSmart, Inc.		5,963		453,307		28.6
Primoris Services Corp.		15,576		510,893		32.2
PROG Holdings, Inc.		8,404		257,499		16.2
Proto Labs, Inc.		21,600		779,544		49.2
Q2 Holdings, Inc.		26,781		1,139,532		71.9
Quaker Chemical Corp.		4,053		769,827		48.6
RE/MAX Holdings, Inc., Class A		7,416		79,574		5.0
Redfin Corp.		127,827		1,043,068		65.8
REV Group, Inc.		5,584		109,000		6.9
Revolve Group, Inc., Class A		26,431		380,871		24.0
REX American Resources Corp.		20,825		861,947		54.4
RHI Magnesita NV		10,387		444,688		28.1
Riskified Ltd., Class A		10,569		48,512		3.1
RLJ Lodging Trust		68,894		797,793		50.3
Ryerson Holding Corp.		4,396		150,871		9.5
Sandy Spring Bancorp, Inc.		10,583		258,014		16.3
Schnitzer Steel Industries, Inc., Class A		14,575		383,760		24.2
Scholastic Corp.		12,309		473,158		29.8
SEMrush Holdings, Inc., Class A		2,457		28,354		1.8
Semtech Corp.		52,875		1,049,040		66.2
SI-BONE, Inc.		2,537		51,273		3.2
Silk Road Medical, Inc.		10,833		163,903		10.3

S C H E D U L E  O F   I N V E S T M E N T S 58

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Sims Ltd.		75,379		$	716,390			45.2	%
Simulations Plus, Inc.		1,871			70,911			4.5
SolarWinds Corp.		25,248			298,431			18.8
Sonic Automotive, Inc., Class A		16,140			816,038			51.5
Sonos, Inc.		46,619			726,324			45.8
Southside Bancshares, Inc.		2,320			72,616			4.6
SpartanNash Co.		35,935			806,022			50.8
Standard Motor Products, Inc.		12,782			515,754			32.5
Steelcase, Inc., Class A		38,415			487,102			30.7
Summit Hotel Properties, Inc.		24,162			156,570			9.9
Sunnova Energy International, Inc.		42,724			449,457			28.4
Supernus Pharmaceuticals, Inc.		41,253			1,141,883			72.0
Tandem Diabetes Care, Inc.		30,968			706,070			44.5
Tennant Co.		6,601			623,927			39.4
Titan Machinery, Inc.		15,859			423,911			26.7
TTEC Holdings, Inc.		7,233			147,409			9.3
TTM Technologies, Inc.		18,959			263,720			16.6
Turning Point Brands, Inc.		48,624			1,181,077			74.5
Tutor Perini Corp.		63,768			571,361			36.0
Univest Financial Corp.		12,582			267,242			16.9
Upbound Group, Inc.		2,987			99,168			6.3
Upwork, Inc.		32,616			447,165			28.2
Varex Imaging Corp.		64,041			1,234,070			77.8
Verint Systems, Inc.		76,451			2,269,830			143.2
Viad Corp.		4,204			138,984			8.8
Viavi Solutions, Inc.		27,912			274,375			17.3
Vicor Corp.		2,931			110,411			7.0
Vimeo, Inc.		26,077			103,526			6.5
Vishay Precision Group, Inc.		2,997			95,544			6.0
Vital Farms, Inc.		30,844			443,537			28.0
Vizio Holding Corp., Class A		13,060			91,420			5.8
Wabash National Corp.		2,716			68,715			4.3
Washington Trust Bancorp, Inc.		9,149			254,434			16.1
Winmark Corp.		1,091			393,491			24.8
World Kinect Corp.		33,590			758,126			47.8
Yext, Inc.		51,251			303,918			19.2
Zeta Global Holdings Corp., Class A		52,883			511,907			32.3
ZipRecruiter, Inc., Class A		19,610			272,971			17.2
Zumiez, Inc.		18,879			324,152			20.4
Zuora, Inc., Class A		75,161			686,972			43.3
					142,858,629
Preferred Stocks
Germany
Schaeffler AG		97,783			625,947			39.5
Total Reference Entity — Long					363,695,304
Reference Entity — Short
Common Stocks
Australia
ARB Corp. Ltd.		(32,373	)		(718,261	)		(45.3	)
Bellevue Gold Ltd.		(370,351	)		(325,952	)		(20.6	)
Boss Energy Ltd.		(90,472	)		(330,991	)		(20.9	)
Breville Group Ltd.		(20,460	)		(366,999	)		(23.1	)
Brickworks Ltd.		(6,804	)		(131,751	)		(8.3	)
Capricorn Metals Ltd.		(81,871	)		(247,742	)		(15.6	)
Champion Iron Ltd.		(156,941	)		(873,988	)		(55.1	)
Core Lithium Ltd.		(133,382	)		(17,029	)		(1.1	)
Coronado Global Resources, Inc., CDI		(321,598	)		(347,569	)		(21.9	)
Corporate Travel Management Ltd.		(50,923	)		(683,729	)		(43.1	)

Security	Shares			Value			% of Basket Value
Australia (continued)
De Grey Mining Ltd.		(198,387	)	$	(160,259	)		(10.1	)%
Deep Yellow Ltd.		(111,539	)		(106,993	)		(6.8	)
Domain Holdings Australia Ltd.		(153,847	)		(338,988	)		(21.4	)
EVT Ltd.		(60,918	)		(504,366	)		(31.8	)
Genesis Minerals Ltd.		(131,881	)		(141,945	)		(9.0	)
Gold Road Resources Ltd.		(64,400	)		(64,717	)		(4.1	)
GUD Holdings Ltd.		(77,043	)		(620,551	)		(39.1	)
Harvey Norman Holdings Ltd.		(429,507	)		(1,252,520	)		(79.0	)
HMC Capital Ltd.		(98,991	)		(398,209	)		(25.1	)
Ingenia Communities Group		(117,491	)		(345,599	)		(21.8	)
Kelsian Group Ltd.		(138,926	)		(655,608	)		(41.4	)
Leo Lithium Ltd.		(33,787	)		(10,243	)		(0.6	)
Neuren Pharmaceuticals Ltd.		(38,669	)		(601,463	)		(37.9	)
Nine Entertainment Co. Holdings Ltd.		(1,297,977	)		(1,691,000	)		(106.7	)
Perpetual Ltd.		(25,708	)		(439,200	)		(27.7	)
PEXA Group Ltd.		(54,112	)		(410,254	)		(25.9	)
Red 5 Ltd.		(1,407,534	)		(292,686	)		(18.5	)
Sayona Mining Ltd.		(42,865,071	)		(1,123,055	)		(70.8	)
Silex Systems Ltd.		(86,052	)		(291,334	)		(18.4	)
Stanmore Resources Ltd.		(214,338	)		(558,724	)		(35.2	)
Strike Energy Ltd.		(1,356,442	)		(386,402	)		(24.4	)
Webjet Ltd.		(201,353	)		(991,338	)		(62.5	)
					(15,429,465	)
Austria
CA Immobilien Anlagen AG		(45,630	)		(1,514,607	)		(95.5	)
Belgium
Ackermans & van Haaren NV		(6,785	)		(1,149,615	)		(72.5	)
Azelis Group NV		(31,512	)		(658,339	)		(41.5	)
Biocartis Group NV		(30	)		(0	)		0.0
Xior Student Housing NV		(10,458	)		(317,596	)		(20.1	)
					(2,125,550	)
Brazil
ERO Copper Corp.		(4,311	)		(67,329	)		(4.2	)
Canada
Altius Minerals Corp.		(10,361	)		(136,888	)		(8.6	)
Andlauer Healthcare Group, Inc.		(8,293	)		(242,278	)		(15.3	)
Badger Infrastructure Solutions Ltd.		(13,457	)		(468,044	)		(29.5	)
Brookfield Business Corp., Class A		(19,079	)		(443,146	)		(27.9	)
Canadian Western Bank		(44,448	)		(979,789	)		(61.8	)
Choice Properties Real Estate Investment Trust		(34,311	)		(358,648	)		(22.6	)
Cogeco Communications, Inc.		(10,359	)		(478,534	)		(30.2	)
Cogeco, Inc.		(5,952	)		(264,363	)		(16.7	)
Converge Technology Solutions Corp.		(28	)		(95	)		(0.0	)
Definity Financial Corp.		(50,259	)		(1,463,716	)		(92.3	)
Filo Corp.		(64,400	)		(990,639	)		(62.5	)
Headwater Exploration, Inc.		(47,406	)		(222,696	)		(14.0	)
Lumine Group, Inc.		(34,046	)		(794,849	)		(50.1	)
MAG Silver Corp.		(50,016	)		(450,208	)		(28.4	)
Maple Leaf Foods, Inc.		(15,584	)		(297,440	)		(18.8	)
Martinrea International, Inc.		(69,917	)		(718,363	)		(45.3	)
Minto Apartment REIT		(135,629	)		(1,667,095	)		(105.1	)
North West Co., Inc.		(2,964	)		(85,818	)		(5.4	)
Sandstorm Gold Ltd.		(10,398	)		(47,225	)		(3.0	)
Savaria Corp.		(31,182	)		(374,895	)		(23.6	)
SilverCrest Metals, Inc.		(162,290	)		(897,826	)		(56.6	)
Skeena Resources Ltd.		(115,217	)		(524,070	)		(33.1	)
Spartan Delta Corp.		(77,146	)		(178,621	)		(11.3	)
Spin Master Corp.		(6,079	)		(156,495	)		(9.9	)
Stella-Jones, Inc.		(17,181	)		(1,017,396	)		(64.2	)

59  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
Canada (continued)
StorageVault Canada, Inc.		(120,397	)	$	(481,334	)		(30.4	)%
Triple Flag Precious Metals Corp.		(23,734	)		(304,451	)		(19.2	)
Trisura Group Ltd.		(8,207	)		(229,165	)		(14.5	)
Westshore Terminals Investment Corp.		(1,430	)		(30,102	)		(1.9	)
Winpak Ltd.		(19,137	)		(600,965	)		(37.9	)
					(14,905,154	)
Cayman Islands
Consolidated Water Co. Ltd., Ordinary Shares		(2,512	)		(80,208	)		(5.1	)
China
TI Fluid Systems PLC		(205,370	)		(374,045	)		(23.6	)
Denmark
NKT A/S, Class B		(600	)		(41,834	)		(2.6	)
NTG Nordic Transport Group A/S		(6,158	)		(279,654	)		(17.7	)
					(321,488	)
Egypt
Energean PLC		(15,233	)		(183,833	)		(11.6	)
Faeroe Islands
Bakkafrost P/F		(10,255	)		(579,605	)		(36.6	)
Finland
Kemira OYJ		(7,558	)		(141,858	)		(9.0	)
Mandatum Oyj		(120,772	)		(547,288	)		(34.5	)
Metsa Board OYJ, Class B		(112,408	)		(917,377	)		(57.9	)
Tokmanni Group Corp.		(40,851	)		(709,081	)		(44.7	)
					(2,315,604	)
France
Alten SA		(8,073	)		(1,263,244	)		(79.7	)
Esker SA		(128	)		(21,495	)		(1.3	)
Euroapi SA		(29,979	)		(201,674	)		(12.7	)
Metropole Television SA		(69,585	)		(999,900	)		(63.1	)
Neoen SA		(54,022	)		(1,582,948	)		(99.8	)
Societe BIC SA		(17,067	)		(1,196,939	)		(75.5	)
Verallia SA		(46,447	)		(1,659,440	)		(104.7	)
Virbac SA		(1,213	)		(443,609	)		(28.0	)
					(7,369,249	)
Germany
Dermapharm Holding SE		(7,591	)		(327,383	)		(20.7	)
Eckert & Ziegler Strahlen- und Medizintechnik AG .		(6,372	)		(320,483	)		(20.2	)
Energiekontor AG		(5,849	)		(484,508	)		(30.6	)
Fielmann Group AG		(3,321	)		(175,119	)		(11.0	)
Hensoldt AG		(65,080	)		(1,971,122	)		(124.3	)
Norma Group SE		(3,409	)		(56,159	)		(3.5	)
PNE AG, Class N		(62,583	)		(913,986	)		(57.7	)
PVA Tepla AG		(24,650	)		(564,365	)		(35.6	)
Sixt SE		(6,325	)		(625,005	)		(39.4	)
Software AG		(1,045	)		(44,227	)		(2.8	)
SUESS MicroTec SE, Class N		(1,522	)		(52,111	)		(3.3	)
Thyssenkrupp Nucera AG & Co. KGaa		(34,168	)		(565,016	)		(35.6	)
					(6,099,484	)
Ghana
Tullow Oil PLC		(3,545,374	)		(1,396,041	)		(88.1	)

Security	Shares			Value			% of Basket Value
Indonesia
Golden Agri-Resources Ltd.		(681,700	)	$	(138,001	)		(8.7	)%
Nickel Industries Ltd.		(1,206,780	)		(626,121	)		(39.5	)
					(764,122	)
Ireland
Ardmore Shipping Corp.		(32,319	)		(535,526	)		(33.8	)
C&C Group PLC		(427,746	)		(836,248	)		(52.7	)
					(1,371,774	)
Israel
Israel Corp. Ltd.		(7,625	)		(1,695,519	)		(106.9	)
Maytronics Ltd.		(17,170	)		(183,094	)		(11.6	)
Strauss Group Ltd.		(46,455	)		(873,772	)		(55.1	)
					(2,752,385	)
Italy
BFF Bank SpA		(28,555	)		(312,772	)		(19.7	)
Eurogroup Laminations SpA		(102,858	)		(340,277	)		(21.5	)
Industrie De Nora SpA		(49,569	)		(790,241	)		(49.8	)
Salvatore Ferragamo SpA		(12,681	)		(163,809	)		(10.3	)
Technogym SpA		(39,430	)		(395,568	)		(25.0	)
Technoprobe SpA		(31,845	)		(320,436	)		(20.2	)
					(2,323,103	)
Japan
Advance Logistics Investment Corp.		(480	)		(421,093	)		(26.6	)
Advance Residence Investment Corp.		(240	)		(530,342	)		(33.5	)
Aichi Financial Group, Inc.		(31,900	)		(568,331	)		(35.8	)
Aiful Corp.		(281,000	)		(711,601	)		(44.9	)
Amvis Holdings, Inc.		(24,900	)		(463,362	)		(29.2	)
Anycolor, Inc.		(600	)		(15,352	)		(1.0	)
AOKI Holdings, Inc.		(5,600	)		(45,004	)		(2.8	)
Appier Group, Inc.		(17,200	)		(203,278	)		(12.8	)
Arclands Corp.		(113,000	)		(1,306,122	)		(82.4	)
Ariake Japan Co. Ltd.		(15,900	)		(514,688	)		(32.5	)
Asahi Yukizai Corp.		(5,700	)		(160,013	)		(10.1	)
Atom Corp.		(157,100	)		(1,007,336	)		(63.5	)
Autobacs Seven Co. Ltd.		(26,700	)		(293,016	)		(18.5	)
Base Co. Ltd.		(10,600	)		(236,812	)		(14.9	)
C Uyemura & Co. Ltd.		(8,700	)		(666,515	)		(42.0	)
Chikaranomoto Holdings Co. Ltd.		(10,900	)		(107,429	)		(6.8	)
Comforia Residential REIT, Inc.		(507	)		(1,061,474	)		(67.0	)
CRE Logistics REIT, Inc.		(200	)		(211,268	)		(13.3	)
CUC, Inc.		(9,400	)		(170,703	)		(10.8	)
Daido Steel Co. Ltd.		(3,600	)		(37,864	)		(2.4	)
Daiei Kankyo Co. Ltd.		(34,500	)		(592,713	)		(37.4	)
Daikoku Denki Co. Ltd.		(6,300	)		(160,027	)		(10.1	)
Daikokutenbussan Co. Ltd.		(5,600	)		(319,860	)		(20.2	)
Daiwa Office Investment Corp.		(68	)		(292,861	)		(18.5	)
DCM Holdings Co. Ltd.		(189,700	)		(1,782,472	)		(112.4	)
DeNA Co. Ltd.		(43,200	)		(440,488	)		(27.8	)
Descente Ltd.		(23,500	)		(548,650	)		(34.6	)
Dexerials Corp.		(10,300	)		(299,743	)		(18.9	)
Eagle Industry Co. Ltd.		(5,900	)		(68,991	)		(4.4	)
Enplas Corp.		(11,600	)		(951,098	)		(60.0	)
First Bank of Toyama Ltd.		(6,600	)		(37,251	)		(2.3	)
Fuji Media Holdings, Inc.		(103,800	)		(1,241,342	)		(78.3	)
Fujio Food Group, Inc.		(34,800	)		(349,836	)		(22.1	)
Fukuyama Transporting Co. Ltd.		(21,000	)		(586,737	)		(37.0	)
Furuya Metal Co. Ltd.		(1,600	)		(100,269	)		(6.3	)
Fuso Chemical Co. Ltd.		(22,000	)		(625,952	)		(39.5	)

S C H E D U L E  O F   I N V E S T M E N T S 60

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
Japan (continued)
Future Corp.		(10,100	)	$	(121,075	)		(7.6	)%
Globeride, Inc.		(24,200	)		(343,743	)		(21.7	)
GMO Financial Holdings, Inc.		(19,700	)		(101,651	)		(6.4	)
Godo Steel Ltd.		(1,500	)		(52,953	)		(3.3	)
GungHo Online Entertainment, Inc.		(31,600	)		(536,218	)		(33.8	)
Hakuto Co. Ltd.		(9,000	)		(376,100	)		(23.7	)
Hankyu Hanshin REIT, Inc.		(295	)		(294,803	)		(18.6	)
Heiwa Real Estate REIT, Inc.		(994	)		(932,514	)		(58.8	)
Hirata Corp.		(5,800	)		(267,818	)		(16.9	)
HIS Co. Ltd.		(92,500	)		(1,133,589	)		(71.5	)
Hisamitsu Pharmaceutical Co., Inc.		(24,500	)		(705,390	)		(44.5	)
Hokuetsu Corp.		(103,700	)		(989,706	)		(62.4	)
Hokuhoku Financial Group, Inc.		(76,200	)		(814,929	)		(51.4	)
Hoshino Resorts REIT, Inc.		(322	)		(1,135,358	)		(71.6	)
House Foods Group, Inc.		(6,300	)		(140,016	)		(8.8	)
Idec Corp.		(22,900	)		(462,786	)		(29.2	)
Iino Kaiun Kaisha Ltd.		(65,700	)		(579,484	)		(36.5	)
Industrial & Infrastructure Fund Investment Corp.		(128	)		(117,008	)		(7.4	)
Insource Co. Ltd.		(37,000	)		(211,116	)		(13.3	)
Internet Initiative Japan, Inc.		(3,500	)		(68,546	)		(4.3	)
Izumi Co. Ltd.		(17,000	)		(404,165	)		(25.5	)
J Trust Co. Ltd.		(69,500	)		(227,110	)		(14.3	)
Japan Aviation Electronics Industry Ltd.		(37,700	)		(655,911	)		(41.4	)
Japan Prime Realty Investment Corp.		(93	)		(224,832	)		(14.2	)
Japan Wool Textile Co. Ltd.		(15,200	)		(154,735	)		(9.8	)
Kadokawa Corp.		(164,500	)		(3,513,308	)		(221.6	)
Kagome Co. Ltd.		(51,600	)		(1,281,274	)		(80.8	)
Kanto Denka Kogyo Co. Ltd.		(21,600	)		(130,466	)		(8.2	)
KeePer Technical Laboratory Co. Ltd.		(10,200	)		(454,621	)		(28.7	)
Keihan Holdings Co. Ltd.		(71,000	)		(1,749,041	)		(110.3	)
KH Neochem Co. Ltd.		(12,900	)		(203,001	)		(12.8	)
Kisoji Co. Ltd.		(25,400	)		(464,987	)		(29.3	)
Ki-Star Real Estate Co. Ltd.		(21,900	)		(522,002	)		(32.9	)
Kiyo Bank Ltd.		(35,300	)		(401,655	)		(25.3	)
Koa Corp.		(28,500	)		(294,474	)		(18.6	)
Kohnan Shoji Co. Ltd.		(43,600	)		(1,169,191	)		(73.7	)
Komehyo Holdings Co. Ltd.		(3,100	)		(93,215	)		(5.9	)
Komeri Co. Ltd.		(44,900	)		(1,015,562	)		(64.1	)
Kosaido Holdings Co. Ltd.		(43,500	)		(222,930	)		(14.1	)
Kumiai Chemical Industry Co. Ltd.		(14,700	)		(85,116	)		(5.4	)
Kura Sushi, Inc.		(55,100	)		(1,489,975	)		(94.0	)
KYB Corp.		(27,700	)		(969,664	)		(61.2	)
Leopalace21 Corp.		(38,100	)		(106,504	)		(6.7	)
Maruwa Co. Ltd.		(8,600	)		(1,736,524	)		(109.5	)
MEC Co. Ltd.		(14,200	)		(433,711	)		(27.4	)
Megachips Corp.		(5,100	)		(166,363	)		(10.5	)
Meiko Electronics Co. Ltd.		(5,300	)		(145,829	)		(9.2	)
Mitsubishi Estate Logistics REIT Investment Corp.		(213	)		(538,897	)		(34.0	)
Mitsui E&S Co. Ltd.		(16,300	)		(83,638	)		(5.3	)
Mitsui Fudosan Logistics Park, Inc.		(229	)		(688,769	)		(43.4	)
Mitsui-Soko Holdings Co. Ltd.		(13,800	)		(465,410	)		(29.4	)
Morinaga Milk Industry Co. Ltd.		(48,200	)		(995,940	)		(62.8	)
m-up Holdings, Inc.		(7,900	)		(53,975	)		(3.4	)
Musashino Bank Ltd.		(7,400	)		(140,713	)		(8.9	)
Nagoya Railroad Co. Ltd.		(17,700	)		(275,609	)		(17.4	)
Namura Shipbuilding Co. Ltd.		(54,200	)		(517,578	)		(32.6	)
Nankai Electric Railway Co. Ltd.		(53,400	)		(1,051,543	)		(66.3	)
Nanto Bank Ltd.		(35,300	)		(644,321	)		(40.6	)
Nihon Kohden Corp.		(27,100	)		(834,029	)		(52.6	)
Nikkiso Co. Ltd.		(8,900	)		(65,940	)		(4.2	)

Security	Shares			Value			% of Basket Value
Japan (continued)
Nikkon Holdings Co. Ltd.		(31,000	)	$	(672,338	)		(42.4	)%
Nippon Accommodations Fund, Inc.		(99	)		(416,054	)		(26.2	)
Nippon Carbon Co. Ltd.		(27,700	)		(849,574	)		(53.6	)
Nippon Kayaku Co. Ltd.		(73,400	)		(661,795	)		(41.7	)
Nippon Pillar Packing Co. Ltd.		(3,200	)		(106,158	)		(6.7	)
Nippon REIT Investment Corp.		(50	)		(116,891	)		(7.4	)
Nippon Yakin Kogyo Co. Ltd.		(31,000	)		(1,007,298	)		(63.5	)
Nishimatsu Construction Co. Ltd.		(26,600	)		(738,231	)		(46.6	)
Nishimatsuya Chain Co. Ltd.		(76,400	)		(1,113,869	)		(70.3	)
Nitto Boseki Co. Ltd.		(2,600	)		(89,629	)		(5.7	)
Nojima Corp.		(71,400	)		(908,435	)		(57.3	)
Nomura Micro Science Co. Ltd.		(16,300	)		(1,538,263	)		(97.0	)
NS United Kaiun Kaisha Ltd.		(25,600	)		(908,722	)		(57.3	)
One REIT, Inc.		(309	)		(573,681	)		(36.2	)
Orient Corp.		(27,600	)		(210,282	)		(13.3	)
Osaka Soda Co. Ltd.		(26,300	)		(1,861,601	)		(117.4	)
OSAKA Titanium Technologies Co. Ltd.		(90,300	)		(1,707,405	)		(107.7	)
OSG Corp.		(54,000	)		(742,217	)		(46.8	)
PAL GROUP Holdings Co. Ltd.		(25,200	)		(406,787	)		(25.7	)
Piolax, Inc.		(30,700	)		(524,884	)		(33.1	)
Rengo Co. Ltd.		(196,500	)		(1,286,614	)		(81.2	)
Riken Keiki Co. Ltd.		(10,200	)		(508,504	)		(32.1	)
Roland Corp.		(15,200	)		(509,775	)		(32.2	)
Rorze Corp.		(12,700	)		(1,423,042	)		(89.8	)
Ryosan Co. Ltd.		(2,800	)		(93,170	)		(5.9	)
SAMTY Co. Ltd.		(16,100	)		(276,957	)		(17.5	)
Sangetsu Corp.		(39,800	)		(885,254	)		(55.8	)
San-In Godo Bank Ltd.		(3,000	)		(21,028	)		(1.3	)
Sanyo Denki Co. Ltd.		(8,300	)		(348,556	)		(22.0	)
SBI Sumishin Net Bank Ltd.		(14,500	)		(168,560	)		(10.6	)
Seiren Co. Ltd.		(15,000	)		(254,198	)		(16.0	)
Senshu Ikeda Holdings, Inc.		(36,200	)		(84,641	)		(5.3	)
Shiga Bank Ltd.		(38,800	)		(973,343	)		(61.4	)
Shin Nippon Biomedical Laboratories Ltd.		(10,200	)		(119,483	)		(7.5	)
Shoei Co. Ltd.		(62,900	)		(848,405	)		(53.5	)
SKY Perfect JSAT Holdings, Inc.		(124,500	)		(661,269	)		(41.7	)
SOSiLA Logistics REIT, Inc.		(829	)		(679,733	)		(42.9	)
Sotetsu Holdings, Inc.		(16,700	)		(309,136	)		(19.5	)
Star Asia Investment Corp.		(1,802	)		(708,420	)		(44.7	)
Star Micronics Co. Ltd.		(26,500	)		(319,299	)		(20.1	)
T Hasegawa Co. Ltd.		(18,900	)		(428,109	)		(27.0	)
Takara Holdings, Inc.		(84,300	)		(720,168	)		(45.4	)
Takara Leben Real Estate Investment Corp.		(1,632	)		(1,171,788	)		(73.9	)
Tamura Corp.		(41,600	)		(150,768	)		(9.5	)
Tocalo Co. Ltd.		(29,500	)		(316,724	)		(20.0	)
Toho Bank Ltd.		(328,000	)		(701,952	)		(44.3	)
TOKAI Holdings Corp.		(97,500	)		(663,742	)		(41.9	)
Tokyo Kiraboshi Financial Group, Inc.		(12,700	)		(374,935	)		(23.6	)
Tokyo Steel Manufacturing Co. Ltd.		(76,600	)		(934,235	)		(58.9	)
TOMONY Holdings, Inc.		(112,600	)		(312,839	)		(19.7	)
Topre Corp.		(5,100	)		(74,895	)		(4.7	)
Toyo Gosei Co. Ltd.		(3,600	)		(212,465	)		(13.4	)
TRE Holdings Corp.		(32,800	)		(277,505	)		(17.5	)
Tri Chemical Laboratories, Inc.		(64,800	)		(1,613,588	)		(101.8	)
TRYT, Inc.		(7,000	)		(28,877	)		(1.8	)
Tsuburaya Fields Holdings, Inc.		(11,900	)		(146,920	)		(9.3	)
Valqua Ltd.		(4,700	)		(144,221	)		(9.1	)
Wacoal Holdings Corp.		(51,200	)		(1,206,253	)		(76.1	)
W-Scope Corp.		(8,300	)		(43,342	)		(2.7	)
YA-MAN Ltd.		(114,700	)		(795,549	)		(50.2	)
Yamato Kogyo Co. Ltd.		(12,200	)		(681,602	)		(43.0	)

61  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
Japan (continued)
Yodogawa Steel Works Ltd.		(7,700	)	$	(204,801	)		(12.9	)%
Yonex Co. Ltd.		(61,600	)		(505,753	)		(31.9	)
Zojirushi Corp.		(22,400	)		(218,993	)		(13.8	)
					(88,750,749	)
Luxembourg
RTL Group SA		(6,621	)		(257,819	)		(16.3	)
Netherlands
AMG Critical Materials NV		(14,457	)		(311,165	)		(19.6	)
Arcadis NV		(29,178	)		(1,618,217	)		(102.1	)
Corbion NV, Class C		(34,107	)		(669,343	)		(42.2	)
Flow Traders Ltd.		(74,399	)		(1,354,929	)		(85.4	)
SIF Holding NV		(9	)		(103	)		(0.0	)
TKH Group NV		(17,006	)		(693,910	)		(43.8	)
Topicus.com, Inc.		(550	)		(42,545	)		(2.7	)
					(4,690,212	)
New Zealand
Mainfreight Ltd.		(17,578	)		(779,504	)		(49.2	)
Norway
Crayon Group Holding ASA		(19,842	)		(169,137	)		(10.7	)
Dof Group ASA		(54,247	)		(297,069	)		(18.7	)
Entra ASA		(10,184	)		(113,225	)		(7.1	)
Europris ASA		(11,450	)		(87,121	)		(5.5	)
Kitron ASA		(7,132	)		(22,029	)		(1.4	)
MPC Container Ships ASA		(378,493	)		(576,923	)		(36.4	)
NEL ASA		(3,762,037	)		(1,908,011	)		(120.3	)
Norske Skog ASA		(40,077	)		(140,393	)		(8.9	)
					(3,313,908	)
Philippines
TELUS International CDA, Inc.		(107,626	)		(930,301	)		(58.7	)
Portugal
Greenvolt-Energias Renovaveis SA		(2,467	)		(21,693	)		(1.4	)
Puerto Rico
Liberty Latin America Ltd., Class C		(18,983	)		(135,159	)		(8.5	)
Singapore
AEM Holdings Ltd.		(147,000	)		(294,524	)		(18.6	)
SATS Ltd.		(331,800	)		(681,741	)		(43.0	)
Sheng Siong Group Ltd.		(557,300	)		(651,025	)		(41.0	)
					(1,627,290	)
Spain
Befesa SA		(17,197	)		(612,545	)		(38.6	)
Ence Energia y Celulosa SA		(117,215	)		(375,309	)		(23.7	)
Faes Farma SA		(107,077	)		(356,748	)		(22.5	)
Sacyr SA		(575,037	)		(1,917,978	)		(121.0	)
Vidrala SA		(9,877	)		(1,003,034	)		(63.2	)
Viscofan SA		(3,472	)		(206,073	)		(13.0	)
					(4,471,687	)
Sweden
AcadeMedia AB		(24	)		(132	)		(0.0	)
Billerud Aktiebolag		(23,846	)		(211,487	)		(13.4	)
Clas Ohlson AB, B Shares		(15,756	)		(226,162	)		(14.3	)
Dometic Group AB		(84,716	)		(677,463	)		(42.7	)
Hexatronic Group AB		(613,902	)		(1,292,605	)		(81.5	)
Hufvudstaden AB, Class A		(48,890	)		(637,309	)		(40.2	)
OX2 AB, Class B		(117,074	)		(561,928	)		(35.5	)

Security	Shares			Value			% of Basket Value
Sweden (continued)
Pandox AB		(7,590	)	$	(104,925	)		(6.6	)%
Paradox Interactive AB		(8,280	)		(163,038	)		(10.3	)
Peab AB, Class B		(9,660	)		(48,090	)		(3.0	)
Stillfront Group AB		(160,653	)		(167,092	)		(10.5	)
Surgical Science Sweden AB		(7,480	)		(127,400	)		(8.0	)
Wihlborgs Fastigheter AB		(52,934	)		(476,443	)		(30.1	)
					(4,694,074	)
Switzerland
Allreal Holding AG, Class N		(8,391	)		(1,504,717	)		(94.9	)
ALSO Holding AG, Registered Shares		(630	)		(185,933	)		(11.7	)
Autoneum Holding AG, Class N		(7,966	)		(1,192,653	)		(75.2	)
Cembra Money Bank AG		(26,503	)		(2,054,188	)		(129.6	)
Comet Holding AG, Class N		(1,128	)		(374,707	)		(23.6	)
Daetwyler Holding AG		(2,153	)		(441,281	)		(27.8	)
Emmi AG, Class N		(1,113	)		(1,175,603	)		(74.2	)
Forbo Holding AG, Registered Shares		(764	)		(905,479	)		(57.1	)
Garrett Motion, Inc.		(45,884	)		(394,144	)		(24.9	)
Interroll Holding AG, Class N		(673	)		(1,970,056	)		(124.3	)
Komax Holding AG, Class N		(2,696	)		(522,459	)		(33.0	)
Landis&Gyr Group AG		(9,132	)		(755,196	)		(47.6	)
Leonteq AG		(5,738	)		(214,780	)		(13.6	)
Meyer Burger Technology AG, Class N		(5,064,283	)		(658,316	)		(41.5	)
Mobimo Holding AG, Registered Shares		(4,426	)		(1,318,515	)		(83.2	)
SFS Group AG		(13,599	)		(1,645,965	)		(103.8	)
SKAN Group AG		(3,886	)		(345,687	)		(21.8	)
St Galler Kantonalbank AG, Class N		(1,318	)		(768,996	)		(48.5	)
Valiant Holding AG, Registered Shares		(423	)		(50,663	)		(3.2	)
Vontobel Holding AG, Class N		(13,102	)		(869,157	)		(54.8	)
Zehnder Group AG		(2,405	)		(144,481	)		(9.1	)
					(17,492,976	)
United Kingdom
Ascential PLC		(485,022	)		(1,874,430	)		(118.2	)
Aston Martin Lagonda Global Holdings PLC		(9,689	)		(23,370	)		(1.5	)
Auction Technology Group PLC		(2,339	)		(16,215	)		(1.0	)
Coats Group PLC		(837,681	)		(763,026	)		(48.1	)
Elementis PLC		(535,102	)		(962,574	)		(60.7	)
Essentra PLC		(54,467	)		(119,891	)		(7.6	)
Finablr PLC		(44,203	)		(27	)		(0.0	)
Flutter Entertainment PLC, Class DI		(6,481	)		(1,334,953	)		(84.2	)
GB Group PLC		(56,977	)		(204,318	)		(12.9	)
Genuit Group PLC		(121,902	)		(654,520	)		(41.3	)
Greatland Gold PLC		(9,513,634	)		(871,876	)		(55.0	)
Home Reit PLC		(350,343	)		(127,439	)		(8.0	)
Ibstock PLC		(127,164	)		(248,213	)		(15.7	)
ITV PLC		(8,423,256	)		(6,405,270	)		(404.0	)
Moonpig Group PLC		(564,560	)		(1,199,608	)		(75.7	)
Oxford Nanopore Technologies PLC		(217,798	)		(444,288	)		(28.0	)
Pagegroup PLC		(431,551	)		(2,518,905	)		(158.9	)
Pets at Home Group Plc		(5,784	)		(20,539	)		(1.3	)
Rathbones Group PLC		(51,916	)		(1,090,961	)		(68.8	)
Renewi PLC		(81,488	)		(608,803	)		(38.4	)
Renishaw PLC		(5,068	)		(225,121	)		(14.2	)
Safestore Holdings PLC		(9,591	)		(100,093	)		(6.3	)
Savills PLC		(1,730	)		(22,251	)		(1.4	)
Trainline PLC		(63,513	)		(267,019	)		(16.8	)
Victrex PLC		(50,315	)		(871,842	)		(55.0	)
Volex PLC		(9,347	)		(37,711	)		(2.4	)

S C H E D U L E  O F   I N V E S T M E N T S 62

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
United Kingdom (continued)
WH Smith PLC		(91,603	)	$	(1,405,515	)		(88.6	)%
Yellow Cake PLC		(88,652	)		(782,691	)		(49.4	)
					(23,201,469	)
United States
ACCO Brands Corp.		(21,695	)		(131,906	)		(8.3	)
Adeia, Inc.		(33,844	)		(410,866	)		(25.9	)
ADT, Inc.		(54,508	)		(355,937	)		(22.5	)
ADTRAN Holdings, Inc.		(10,927	)		(68,458	)		(4.3	)
AerSale Corp.		(42,769	)		(397,752	)		(25.1	)
Agiliti, Inc.		(16,181	)		(114,723	)		(7.2	)
Allegiant Travel Co.		(18,488	)		(1,449,459	)		(91.4	)
AMC Networks, Inc., Class A		(11,608	)		(209,989	)		(13.2	)
Amerant Bancorp, Inc., Class A		(10,660	)		(241,023	)		(15.2	)
America’s Car-Mart, Inc.		(6,838	)		(416,366	)		(26.3	)
Anterix, Inc.		(4,645	)		(138,514	)		(8.7	)
Apollo Commercial Real Estate Finance, Inc.		(39,596	)		(441,891	)		(27.9	)
Applied Digital Corp.		(52,662	)		(270,683	)		(17.1	)
Ares Commercial Real Estate Corp.		(31,900	)		(303,369	)		(19.1	)
Arhaus, Inc., Class A		(7,570	)		(88,493	)		(5.6	)
ARMOUR Residential REIT, Inc.		(43,331	)		(825,456	)		(52.1	)
Artesian Resources Corp., Class A		(5,155	)		(188,157	)		(11.9	)
Astronics Corp.		(2,201	)		(37,219	)		(2.3	)
Atlanta Braves Holdings, Inc., Class C		(8,629	)		(347,835	)		(21.9	)
Atlantic Union Bankshares Corp.		(18,629	)		(636,367	)		(40.1	)
Atlas Energy Solutions, Inc.		(48,757	)		(846,909	)		(53.4	)
Azenta, Inc.		(11,732	)		(764,926	)		(48.2	)
Balchem Corp.		(23,875	)		(3,346,320	)		(211.1	)
BancFirst Corp.		(6,005	)		(531,503	)		(33.5	)
Bank First Corp.		(2,558	)		(215,998	)		(13.6	)
Barnes Group, Inc.		(37,013	)		(1,225,500	)		(77.3	)
Belden, Inc.		(12,039	)		(893,053	)		(56.3	)
BGC Group, Inc., Class A		(115,288	)		(813,933	)		(51.3	)
Bloomin’ Brands, Inc.		(11,822	)		(314,702	)		(19.9	)
Boston Omaha Corp., Class A		(24,228	)		(375,292	)		(23.7	)
Broadstone Net Lease, Inc.		(16,378	)		(263,194	)		(16.6	)
BRP Group, Inc., Class A		(45,802	)		(1,027,797	)		(64.8	)
Calavo Growers, Inc.		(9,191	)		(239,793	)		(15.1	)
California Water Service Group		(31,311	)		(1,417,449	)		(89.4	)
Cal-Maine Foods, Inc.		(8,746	)		(484,703	)		(30.6	)
Camping World Holdings, Inc., Class A		(8,434	)		(209,585	)		(13.2	)
Casella Waste Systems, Inc., Class A		(27,930	)		(2,383,546	)		(150.3	)
Cass Information Systems, Inc.		(15,598	)		(673,210	)		(42.5	)
Cathay General Bancorp		(41,032	)		(1,689,287	)		(106.6	)
CCC Intelligent Solutions Holdings, Inc.		(146,754	)		(1,612,826	)		(101.7	)
Centrus Energy Corp., Class A		(12,849	)		(645,277	)		(40.7	)
Certara, Inc.		(44,437	)		(718,102	)		(45.3	)
Claros Mortgage Trust, Inc.		(1,686	)		(19,794	)		(1.3	)
Cleanspark, Inc.		(58,653	)		(472,157	)		(29.8	)
Clearfield, Inc.		(28,343	)		(713,960	)		(45.0	)
CNB Financial Corp.		(1,078	)		(23,015	)		(1.5	)
Coastal Financial Corp.		(4,661	)		(185,974	)		(11.7	)
Collegium Pharmaceutical, Inc.		(11,105	)		(366,021	)		(23.1	)
Columbia Financial, Inc.		(21,893	)		(393,636	)		(24.8	)
Community Bank System, Inc.		(7,154	)		(327,439	)		(20.7	)
Community Healthcare Trust, Inc.		(17,184	)		(439,739	)		(27.7	)
Community Trust Bancorp, Inc.		(2,219	)		(92,088	)		(5.8	)
Conduent, Inc.		(76,533	)		(275,519	)		(17.4	)
Consensus Cloud Solutions, Inc.		(30,384	)		(660,548	)		(41.7	)
CoreCivic, Inc.		(7,194	)		(102,299	)		(6.5	)
Crescent Energy Co., Class A		(5,149	)		(56,896	)		(3.6	)

Security	Shares			Value			% of Basket Value
United States (continued)
CTS Corp.		(28,281	)	$	(1,161,218	)		(73.2	)%
Cymabay Therapeutics, Inc.		(15,221	)		(357,846	)		(22.6	)
Cytek Biosciences, Inc.		(38,462	)		(290,388	)		(18.3	)
Definitive Healthcare Corp., Class A		(33,334	)		(283,339	)		(17.9	)
Denny’s Corp.		(9,347	)		(99,359	)		(6.3	)
Diamond Offshore Drilling, Inc.		(1,646	)		(20,081	)		(1.3	)
Dine Brands Global, Inc.		(34,444	)		(1,606,813	)		(101.4	)
Distribution Solutions Group, Inc.		(5,996	)		(191,392	)		(12.1	)
DocGo, Inc.		(44,258	)		(163,755	)		(10.3	)
Domo, Inc., Class B		(7,274	)		(79,068	)		(5.0	)
Dorman Products, Inc.		(8,341	)		(679,041	)		(42.8	)
Douglas Emmett, Inc.		(50,348	)		(682,215	)		(43.0	)
Ducommun, Inc.		(3,661	)		(180,670	)		(11.4	)
Ecovyst, Inc.		(2,104	)		(19,483	)		(1.2	)
Embecta Corp.		(61,721	)		(1,057,898	)		(66.7	)
Encore Capital Group, Inc.		(9,772	)		(489,382	)		(30.9	)
Energizer Holdings, Inc.		(42,046	)		(1,329,494	)		(83.9	)
Enhabit, Inc.		(19,912	)		(200,912	)		(12.7	)
Enpro, Inc.		(5,084	)		(759,448	)		(47.9	)
Enstar Group Ltd.		(2,149	)		(573,547	)		(36.2	)
EPR Properties		(27,006	)		(1,195,556	)		(75.4	)
Evolus, Inc.		(17,477	)		(221,783	)		(14.0	)
Evolv Technologies Holdings, Inc., Class A		(78,476	)		(342,940	)		(21.6	)
Excelerate Energy, Inc., Class A		(14,861	)		(227,671	)		(14.4	)
Expro Group Holdings NV		(15,988	)		(281,389	)		(17.7	)
F&G Annuities & Life, Inc.		(12,691	)		(569,064	)		(35.9	)
Farmers National Banc Corp.		(65,502	)		(898,687	)		(56.7	)
Farmland Partners, Inc.		(19,246	)		(215,940	)		(13.6	)
First Advantage Corp.		(26,915	)		(440,599	)		(27.8	)
First Bancorp/Southern Pines NC		(32,481	)		(1,122,543	)		(70.8	)
First Bancshares, Inc.		(5,566	)		(141,543	)		(8.9	)
First Commonwealth Financial Corp.		(68,807	)		(963,986	)		(60.8	)
First Community Bankshares, Inc.		(9,827	)		(336,870	)		(21.2	)
First Merchants Corp.		(15,575	)		(526,591	)		(33.2	)
Fortrea Holdings, Inc.		(11,514	)		(356,473	)		(22.5	)
Freshpet, Inc.		(4,586	)		(394,855	)		(24.9	)
Funko, Inc., Class A		(39,394	)		(278,516	)		(17.6	)
Genie Energy Ltd., Class B		(693	)		(12,897	)		(0.8	)
GEO Group, Inc.		(12,945	)		(143,948	)		(9.1	)
German American Bancorp, Inc.		(3,817	)		(126,457	)		(8.0	)
Global Medical REIT, Inc.		(33,042	)		(334,055	)		(21.1	)
Global Net Lease, Inc.		(184,703	)		(1,560,740	)		(98.4	)
Graham Holdings Co., Class B		(700	)		(504,280	)		(31.8	)
Great Southern Bancorp, Inc.		(5,201	)		(270,920	)		(17.1	)
Grid Dynamics Holdings, Inc., Class A		(22,274	)		(290,676	)		(18.3	)
Harrow, Inc.		(9,058	)		(86,323	)		(5.4	)
Hawkins, Inc.		(2,949	)		(196,315	)		(12.4	)
Haynes International, Inc.		(1,712	)		(95,307	)		(6.0	)
Herbalife Ltd.		(58,077	)		(699,828	)		(44.1	)
Hillman Solutions Corp.		(83,198	)		(731,310	)		(46.1	)
Hilltop Holdings, Inc.		(8,365	)		(263,414	)		(16.6	)
Home BancShares, Inc.		(87,680	)		(2,055,219	)		(129.6	)
Ichor Holdings Ltd.		(25,843	)		(935,517	)		(59.0	)
Impinj, Inc.		(13,839	)		(1,342,106	)		(84.7	)
Innospec, Inc.		(2,188	)		(254,049	)		(16.0	)
Innovative Industrial Properties, Inc.		(2,696	)		(251,348	)		(15.9	)
International Bancshares Corp.		(8,658	)		(457,662	)		(28.9	)
Intrepid Potash, Inc.		(2,356	)		(43,350	)		(2.7	)
InvenTrust Properties Corp.		(44,743	)		(1,110,969	)		(70.1	)
iRhythm Technologies, Inc.		(11,514	)		(1,379,147	)		(87.0	)
Ivanhoe Electric, Inc.		(3,095	)		(25,874	)		(1.6	)

63  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
United States (continued)
Jack in the Box, Inc.		(20,798	)	$	(1,621,620	)		(102.3	)%
Jackson Financial, Inc., Class A		(24,401	)		(1,221,758	)		(77.1	)
JBG SMITH Properties		(152,818	)		(2,445,088	)		(154.2	)
Kinetik Holdings, Inc., Class A		(691	)		(22,471	)		(1.4	)
KKR Real Estate Finance Trust, Inc.		(52,123	)		(637,986	)		(40.2	)
Lakeland Financial Corp.		(3,663	)		(245,274	)		(15.5	)
Leonardo DRS, Inc.		(39,686	)		(770,305	)		(48.6	)
Leslie’s, Inc.		(68,196	)		(457,595	)		(28.9	)
Liberty Energy, Inc., Class A		(34,327	)		(713,658	)		(45.0	)
Liberty Media Corp.-Liberty Live, Class C		(45,888	)		(1,710,246	)		(107.9	)
Life Time Group Holdings, Inc.		(24,958	)		(331,941	)		(20.9	)
Lightwave Logic, Inc.		(16,605	)		(71,568	)		(4.5	)
Lindblad Expeditions Holdings, Inc.		(7,613	)		(70,344	)		(4.4	)
LTC Properties, Inc.		(43,296	)		(1,349,536	)		(85.1	)
Madison Square Garden Entertainment Corp.		(13,137	)		(437,988	)		(27.6	)
Maravai LifeSciences Holdings, Inc., Class A		(24,770	)		(143,666	)		(9.1	)
MaxCyte, Inc.		(3,944	)		(20,075	)		(1.3	)
MediaAlpha, Inc., Class A		(2,952	)		(37,638	)		(2.4	)
Medifast, Inc.		(4,084	)		(223,191	)		(14.1	)
MeridianLink, Inc.		(15,192	)		(345,618	)		(21.8	)
Mesa Laboratories, Inc.		(3,974	)		(364,098	)		(23.0	)
Middlesex Water Co.		(7,360	)		(411,939	)		(26.0	)
Mission Produce, Inc.		(25,466	)		(254,405	)		(16.0	)
Montauk Renewables, Inc.		(16,413	)		(113,414	)		(7.2	)
Movado Group, Inc.		(39,239	)		(1,082,212	)		(68.3	)
Mueller Water Products, Inc., Class A		(79,501	)		(1,089,959	)		(68.7	)
National Bank Holdings Corp., Class A		(11,345	)		(397,075	)		(25.0	)
National Cinemedia, Inc.		(39,787	)		(162,729	)		(10.3	)
National Health Investors, Inc.		(2,758	)		(146,670	)		(9.3	)
National Presto Industries, Inc.		(8,057	)		(637,873	)		(40.2	)
Navient Corp.		(32,305	)		(556,292	)		(35.1	)
NBT Bancorp, Inc.		(23,059	)		(820,209	)		(51.7	)
nCino, Inc.		(22,568	)		(710,441	)		(44.8	)
Nelnet, Inc., Class A		(10,349	)		(901,708	)		(56.9	)
NeoGenomics, Inc.		(12,246	)		(181,853	)		(11.5	)
NETSTREIT Corp.		(105,382	)		(1,914,791	)		(120.8	)
NextDecade Corp.		(32,185	)		(163,822	)		(10.3	)
Nicolet Bankshares, Inc.		(7,450	)		(579,386	)		(36.5	)
nLight, Inc.		(36,595	)		(475,003	)		(30.0	)
Northern Oil and Gas, Inc.		(52,414	)		(1,755,869	)		(110.8	)
Northfield Bancorp, Inc.		(15,418	)		(185,479	)		(11.7	)
Novanta, Inc.		(11,630	)		(1,797,416	)		(113.4	)
NV5 Global, Inc.		(6,780	)		(711,154	)		(44.9	)
One Liberty Properties, Inc.		(7,544	)		(152,691	)		(9.6	)
Open Lending Corp.		(26,667	)		(195,736	)		(12.3	)
Origin Bancorp, Inc.		(21,636	)		(659,898	)		(41.6	)
OrthoPediatrics Corp.		(10,393	)		(271,465	)		(17.1	)
Papa John’s International, Inc.		(27,052	)		(1,987,781	)		(125.4	)
Paragon 28, Inc.		(9,220	)		(116,910	)		(7.4	)
Park National Corp.		(1,527	)		(199,548	)		(12.6	)
Paycor HCM, Inc.		(30,517	)		(592,945	)		(37.4	)
Peapack-Gladstone Financial Corp.		(5,549	)		(153,041	)		(9.7	)
PennyMac Mortgage Investment Trust		(48,067	)		(689,281	)		(43.5	)
Phathom Pharmaceuticals, Inc.		(20,230	)		(135,541	)		(8.6	)
Phillips Edison & Co., Inc.		(51,311	)		(1,781,005	)		(112.3	)
Phinia, Inc.		(3,166	)		(95,740	)		(6.0	)
Piedmont Lithium, Inc.		(18,325	)		(280,006	)		(17.7	)
Piedmont Office Realty Trust, Inc., Class A		(48,941	)		(332,799	)		(21.0	)
Pitney Bowes, Inc.		(109,308	)		(449,256	)		(28.3	)
Plymouth Industrial REIT, Inc.		(38,486	)		(852,080	)		(53.7	)
PolyPeptide Group AG		(14,734	)		(272,654	)		(17.2	)
PotlatchDeltic Corp.		(36,378	)		(1,627,188	)		(102.6	)

Security	Shares			Value			% of Basket Value
United States (continued)
Powell Industries, Inc.		(3,747	)	$	(444,132	)		(28.0	)%
PowerSchool Holdings, Inc., Class A		(15,517	)		(365,270	)		(23.0	)
Premier, Inc., Class A		(19,813	)		(428,357	)		(27.0	)
ProAssurance Corp.		(2,687	)		(36,167	)		(2.3	)
PROCEPT BioRobotics Corp.		(20,587	)		(953,178	)		(60.1	)
ProPetro Holding Corp.		(20,165	)		(170,596	)		(10.8	)
Pulmonx Corp.		(21,671	)		(287,791	)		(18.2	)
Quanterix Corp.		(7,347	)		(162,295	)		(10.2	)
Ramaco Resources, Inc., Class A		(4,932	)		(93,116	)		(5.9	)
RCI Hospitality Holdings, Inc.		(12,021	)		(742,417	)		(46.8	)
Ready Capital Corp.		(121,496	)		(1,138,418	)		(71.8	)
REC Silicon ASA		(77,581	)		(92,084	)		(5.8	)
Reliance Worldwide Corp. Ltd.		(129,558	)		(359,855	)		(22.7	)
Retail Opportunity Investments Corp.		(30,899	)		(419,917	)		(26.5	)
Rocket Lab USA, Inc., Class A		(106,371	)		(515,899	)		(32.5	)
S&T Bancorp, Inc.		(15,923	)		(530,873	)		(33.5	)
Sabra Health Care REIT, Inc.		(92,500	)		(1,233,950	)		(77.8	)
Sabre Corp.		(39,427	)		(161,651	)		(10.2	)
Safety Insurance Group, Inc.		(5,503	)		(458,455	)		(28.9	)
Seacoast Banking Corp. of Florida		(13,613	)		(334,335	)		(21.1	)
Sensient Technologies Corp.		(27,629	)		(1,713,827	)		(108.1	)
Service Properties Trust		(20,961	)		(162,029	)		(10.2	)
Shenandoah Telecommunications Co.		(10,623	)		(217,665	)		(13.7	)
Silgan Holdings, Inc.		(42,124	)		(1,935,177	)		(122.1	)
SilverBow Resources, Inc.		(4,533	)		(120,396	)		(7.6	)
Simply Good Foods Co.		(37,127	)		(1,403,401	)		(88.5	)
SITE Centers Corp.		(115,344	)		(1,536,382	)		(96.9	)
SiTime Corp.		(2,491	)		(265,466	)		(16.7	)
Six Flags Entertainment Corp.		(45,334	)		(1,142,870	)		(72.1	)
Sotera Health Co.		(15,457	)		(227,527	)		(14.4	)
Stellar Bancorp, Inc.		(23,374	)		(585,051	)		(36.9	)
Stepan Co.		(6,491	)		(579,452	)		(36.6	)
StepStone Group, Inc., Class A		(43,312	)		(1,448,786	)		(91.4	)
Stericycle, Inc.		(31,424	)		(1,508,352	)		(95.1	)
Steven Madden Ltd.		(70,272	)		(2,942,991	)		(185.6	)
Sun Country Airlines Holdings, Inc.		(12,444	)		(169,363	)		(10.7	)
SunCoke Energy, Inc.		(35,093	)		(359,703	)		(22.7	)
Tarsus Pharmaceuticals, Inc.		(1,981	)		(53,962	)		(3.4	)
TFS Financial Corp.		(24,792	)		(330,229	)		(20.8	)
Tidewater, Inc.		(27,384	)		(1,839,931	)		(116.1	)
TimkenSteel Corp.		(14,277	)		(293,392	)		(18.5	)
Towne Bank		(15,374	)		(432,163	)		(27.3	)
Transcat, Inc.		(2,005	)		(220,630	)		(13.9	)
TreeHouse Foods, Inc.		(15,698	)		(660,886	)		(41.7	)
Triumph Financial, Inc.		(6,803	)		(480,632	)		(30.3	)
Triumph Group, Inc.		(121,031	)		(1,960,702	)		(123.7	)
UFP Technologies, Inc.		(4,173	)		(703,192	)		(44.4	)
Ultra Clean Holdings, Inc.		(17,355	)		(662,961	)		(41.8	)
UniFirst Corp.		(6,851	)		(1,160,696	)		(73.2	)
United Community Banks, Inc.		(26,078	)		(712,973	)		(45.0	)
United Natural Foods, Inc.		(34,756	)		(518,212	)		(32.7	)
Uniti Group, Inc.		(176,589	)		(928,858	)		(58.6	)
Universal Corp.		(10,652	)		(617,283	)		(38.9	)
Universal Health Realty Income Trust		(8,613	)		(342,884	)		(21.6	)
Uranium Energy Corp.		(260	)		(1,986	)		(0.1	)
Utz Brands, Inc., Class A		(13,905	)		(246,118	)		(15.5	)
Veris Residential, Inc.		(69,238	)		(1,055,879	)		(66.6	)
Vishay Intertechnology, Inc.		(76,840	)		(1,669,733	)		(105.3	)
Vista Outdoor, Inc.		(30,057	)		(843,700	)		(53.2	)
Vobile Group Ltd.		(525,000	)		(97,281	)		(6.1	)
VSE Corp.		(10,734	)		(666,689	)		(42.1	)
WaFd, Inc.		(25,551	)		(742,001	)		(46.8	)

S C H E D U L E  O F   I N V E S T M E N T S 64

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
United States (continued)
Warrior Met Coal, Inc.		(11,562	)	$	(741,934	)		(46.8	)%
White Mountains Insurance Group Ltd.		(1,963	)		(3,093,629	)		(195.1	)
Whitestone REIT		(7,142	)		(92,275	)		(5.8	)
Worthington Steel, Inc.		(2,923	)		(87,544	)		(5.5	)
Xenia Hotels & Resorts, Inc.		(27,545	)		(367,175	)		(23.2	)
XPEL, Inc.		(6,980	)		(373,081	)		(23.5	)
York Water Co.		(8,098	)		(290,556	)		(18.3	)
					(150,481,808	)
Investment Companies
Luxembourg
BBGI Global Infrastructure SA		(383,724	)		(637,778	)		(40.2	)
United Kingdom
Digital 9 Infrastructure PLC		(427,934	)		(135,692	)		(8.6	)
Preferred Stocks
Germany
Jungheinrich AG		(14,439	)		(492,659	)		(31.1	)
Rights
Spain
Sacyr SA, (Expires 02/09/24)		(326,236	)		(22,050	)		(1.4	)
Warrants
Australia
Ardagh Group SA, (Issued/Exercisable 06/20/22, 1 Share for 1 Warrant, Expires 07/08/24, Strike Price AUD 10.00)		(9,593	)		(0	)		0.0
Total Reference Entity — Short					(362,109,874	)
Net Value of Reference Entity — Goldman Sachs Bank USA				$	1,585,430

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with Goldman Sachs Bank USA as of period end, termination dates 08/9/24 — 08/19/26:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
AGL Energy Ltd.		283,539	$	1,626,592		(16.1	)%
Aristocrat Leisure Ltd.		38,878		1,136,469		(11.2	)
Charter Hall Group		73,647		582,882		(5.8	)
Flight Centre Travel Group Ltd.		25,752		360,425		(3.6	)
Rio Tinto PLC		487		33,806		(0.3	)
Worley Ltd.		49,931		487,452		(4.8	)
				4,227,626
Austria
BAWAG Group AG		30,582		1,594,658		(15.8	)
Belgium
Liberty Global Ltd., Class C		46,002		963,282		(9.5	)
Sofina SA		3,287		796,226		(7.9	)

Security	Shares		Value		% of Basket Value
Belgium (continued)
Syensqo SA		16,581	$	1,499,218		(14.8	)%
Warehouses De Pauw CVA		36,380		1,078,800		(10.7	)
				4,337,526
Canada
Algonquin Power & Utilities Corp.		17,030		101,057		(1.0	)
Barrick Gold Corp.		15,243		238,341		(2.4	)
Capital Power Corp.		11,508		316,486		(3.1	)
Crescent Point Energy Corp.		39,697		259,193		(2.6	)
Descartes Systems Group, Inc.		6,709		587,961		(5.8	)
Element Fleet Management Corp.		13,239		223,540		(2.2	)
Enbridge, Inc.		15,638		557,172		(5.5	)
Enerplus Corp.		63,522		923,134		(9.1	)
FirstService Corp.		3,181		532,879		(5.3	)
GFL Environmental, Inc.		24,467		832,061		(8.2	)
Gibson Energy, Inc.		6,153		98,304		(1.0	)
Gildan Activewear, Inc.		51,419		1,698,658		(16.8	)
Imperial Oil Ltd.		12,447		718,639		(7.1	)
Keyera Corp.		23,206		561,829		(5.6	)
Magna International, Inc.		16,247		924,201		(9.1	)
MEG Energy Corp.		8,773		166,023		(1.6	)
Methanex Corp.		5,517		244,887		(2.4	)
Pembina Pipeline Corp.		23,346		804,907		(8.0	)
Power Corp. of Canada		137,018		3,987,297		(39.5	)
Stantec, Inc.		4,747		381,779		(3.8	)
TC Energy Corp.		9,943		393,588		(3.9	)
TELUS Corp.		87,383		1,566,578		(15.5	)
TransAlta Corp.		22,658		164,315		(1.6	)
West Fraser Timber Co. Ltd.		6,860		546,059		(5.4	)
WSP Global, Inc.		1,035		152,185		(1.5	)
				16,981,073
Denmark
AP Moller - Maersk A/S, Class A		131		240,653		(2.4	)
AP Moller - Maersk A/S, Class B		148		276,460		(2.7	)
DSV A/S		8,650		1,567,617		(15.5	)
Genmab A/S		1,918		536,516		(5.3	)
Novo Nordisk A/S, Class B		80,789		9,328,743		(92.3	)
Orsted A/S		7,409		422,989		(4.2	)
				12,372,978
France
Aeroports de Paris SA		15,533		2,104,354		(20.8	)
Bouygues SA		60,159		2,234,613		(22.1	)
Carrefour SA		495,292		8,547,313		(84.6	)
Credit Agricole SA		245,878		3,569,120		(35.3	)
Dassault Aviation SA		525		100,786		(1.0	)
Eiffage SA		46,954		4,977,388		(49.2	)
Engie SA		959,792		15,550,605		(153.8	)
Eurazeo SE		4,073		351,165		(3.5	)
Forvia SE		15,474		270,285		(2.7	)
Gaztransport Et Technigaz SA		1,659		235,685		(2.3	)
Rexel SA		5,853		157,702		(1.6	)
Ubisoft Entertainment SA		4,719		105,623		(1.0	)
Valeo SE		92,786		1,228,322		(12.2	)
Vallourec SA		37,496		543,466		(5.4	)
Veolia Environnement SA		106,435		3,512,831		(34.7	)
Vinci SA		37,381		4,785,117		(47.3	)
				48,274,375
Germany
Bayerische Motoren Werke AG		10,230		1,068,789		(10.6	)
Covestro AG		26,861		1,437,403		(14.2	)

65  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares		Value		% of Basket Value
Germany (continued)
Evonik Industries AG		14,846	$	274,365		(2.7	)%
Heidelberg Materials AG		16,687		1,561,312		(15.4	)
HUGO BOSS AG, Ordinary Shares		5,672		359,676		(3.6	)
K&S AG, Class N		26,263		371,217		(3.7	)
KION Group AG		4,371		201,840		(2.0	)
LANXESS AG		25,380		687,289		(6.8	)
Nemetschek SE		4,428		413,482		(4.1	)
RWE AG		72,307		2,710,269		(26.8	)
thyssenkrupp AG		225,643		1,411,724		(14.0	)
Wacker Chemie AG		2,605		284,270		(2.8	)
				10,781,636
Hong Kong
AIA Group Ltd.		66,400		520,395		(5.2	)
Hang Lung Properties Ltd.		185,000		214,621		(2.1	)
Hongkong Land Holdings Ltd.		44,900		140,156		(1.4	)
Swire Pacific Ltd., Class A		49,500		382,734		(3.8	)
Swire Properties Ltd.		266,000		496,759		(4.9	)
				1,754,665
Ireland
Kerry Group PLC, Class A		11,857		1,069,941		(10.6	)
Smurfit Kappa Group PLC		59,804		2,254,018		(22.3	)
				3,323,959
Israel
Nice Ltd.		1,147		230,996		(2.3	)
Nova Ltd.		5,904		854,958		(8.4	)
Wix.com Ltd.		14,718		1,867,420		(18.5	)
				2,953,374
Italy
A2A SpA		946,035		1,901,027		(18.8	)
Enel SpA		109,068		754,940		(7.5	)
Ferrari NV		1,357		479,380		(4.7	)
Infrastrutture Wireless Italiane SpA		9,917		121,565		(1.2	)
Intesa Sanpaolo SpA		203,080		633,739		(6.3	)
Mediobanca Banca di Credito Finanziario SpA		6,662		89,316		(0.9	)
Moncler SpA		14,859		925,564		(9.1	)
Prysmian SpA		1,951		87,014		(0.9	)
Recordati Industria Chimica e Farmaceutica SpA		3,097		173,174		(1.7	)
				5,165,719
Japan
ABC-Mart, Inc.		22,400		391,952		(3.9	)
Aeon Co. Ltd.		42,200		1,017,643		(10.1	)
Amada Co. Ltd.		34,800		379,165		(3.8	)
Asahi Kasei Corp.		95,400		729,930		(7.2	)
Astellas Pharma, Inc.		55,300		650,102		(6.4	)
Brother Industries Ltd.		21,700		366,947		(3.6	)
Central Japan Railway Co.		145,800		3,679,291		(36.4	)
Credit Saison Co. Ltd.		13,000		243,051		(2.4	)
DMG Mori Co. Ltd.		45,200		913,320		(9.0	)
Fast Retailing Co. Ltd.		11,300		3,045,625		(30.1	)
Hulic Co. Ltd.		76,800		855,996		(8.5	)
Inpex Corp.		86,000		1,178,623		(11.7	)
ITOCHU Corp.		36,500		1,672,328		(16.5	)
J Front Retailing Co. Ltd.		73,000		682,248		(6.8	)
Japan Post Holdings Co. Ltd.		262,200		2,532,685		(25.1	)
JFE Holdings, Inc.		52,900		843,092		(8.3	)
JGC Holdings Corp.		9,600		112,898		(1.1	)
Kakaku.com, Inc.		172,700		1,983,514		(19.6	)
KDX Realty Investment Corp.		317		347,239		(3.4	)

Security	Shares		Value		% of Basket Value
Japan (continued)
Komatsu Ltd.		87,400	$	2,508,179		(24.8	)%
Kubota Corp.		126,500		1,932,983		(19.1	)
Kyowa Kirin Co. Ltd.		41,600		661,894		(6.5	)
Lawson, Inc.		87,200		5,034,163		(49.8	)
MEIJI Holdings Co. Ltd.		36,100		880,833		(8.7	)
Mitsubishi Chemical Group Corp.		101,300		616,735		(6.1	)
Mitsui & Co. Ltd.		67,500		2,763,614		(27.3	)
Mitsui Fudosan Co. Ltd.		46,200		1,170,982		(11.6	)
Mizuho Financial Group, Inc.		149,400		2,738,095		(27.1	)
MS&AD Insurance Group Holdings, Inc.		24,600		1,025,218		(10.1	)
Nihon M&A Center Holdings, Inc.		122,500		742,426		(7.3	)
Nikon Corp.		65,700		676,710		(6.7	)
Nintendo Co. Ltd.		29,300		1,652,523		(16.3	)
Nippon Express Holdings, Inc.		10,900		654,905		(6.5	)
Nippon Shinyaku Co. Ltd.		2,300		82,027		(0.8	)
Nissan Motor Co. Ltd.		384,900		1,525,178		(15.1	)
Nisshin Seifun Group, Inc.		6,400		90,122		(0.9	)
Nomura Research Institute Ltd.		46,100		1,423,531		(14.1	)
NSK Ltd.		105,700		581,690		(5.8	)
Obayashi Corp.		14,600		136,413		(1.4	)
Obic Co. Ltd.		10,200		1,583,332		(15.7	)
Ono Pharmaceutical Co. Ltd.		33,700		613,247		(6.1	)
Oracle Corp. Japan		3,500		278,538		(2.8	)
Otsuka Corp.		80,700		3,417,239		(33.8	)
Otsuka Holdings Co. Ltd.		17,000		674,721		(6.7	)
Panasonic Holdings Corp.		89,200		848,313		(8.4	)
Rakuten Group, Inc.		622,800		2,761,995		(27.3	)
Resona Holdings, Inc.		14,000		77,969		(0.8	)
Ricoh Co. Ltd.		3,500		27,782		(0.3	)
Santen Pharmaceutical Co. Ltd.		49,000		499,725		(4.9	)
SCREEN Holdings Co. Ltd.		5,800		573,505		(5.7	)
Sega Sammy Holdings, Inc.		47,000		698,004		(6.9	)
Seiko Epson Corp.		1,300		19,165		(0.2	)
Sekisui House Ltd.		109,700		2,500,236		(24.7	)
Shimadzu Corp.		31,700		885,306		(8.8	)
Shimizu Corp.		59,800		404,192		(4.0	)
SoftBank Group Corp.		58,500		2,548,483		(25.2	)
Sumitomo Corp.		66,200		1,535,055		(15.2	)
Sumitomo Mitsui Financial Group, Inc.		54,000		2,828,386		(28.0	)
Sumitomo Mitsui Trust Holdings, Inc.		25,600		529,479		(5.2	)
Taisei Corp.		32,900		1,210,946		(12.0	)
TIS, Inc.		9,100		204,411		(2.0	)
Tokyo Electron Ltd.		25,700		4,812,746		(47.6	)
Tokyo Tatemono Co. Ltd.		138,600		2,156,686		(21.3	)
Tsuruha Holdings, Inc.		1,700		135,949		(1.3	)
				80,349,280
Luxembourg
ArcelorMittal SA		97,872		2,729,939		(27.0	)
Macau
Galaxy Entertainment Group Ltd.		30,000		155,601		(1.5	)
Netherlands
ABN AMRO Bank NV, CVA		145,553		2,170,647		(21.5	)
ASR Nederland NV		652		31,128		(0.3	)
ING Groep NV		23,123		332,844		(3.3	)
Koninklijke Philips NV		20,894		448,633		(4.4	)
NN Group NV		10,585		439,235		(4.3	)

S C H E D U L E  O F   I N V E S T M E N T S 66

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares		Value		% of Basket Value
Netherlands (continued)
Randstad NV		545	$	31,205		(0.3	)%
Redcare Pharmacy NV		1,410		197,863		(2.0	)
				3,651,555
New Zealand
Xero Ltd.		4,393		319,211		(3.2	)
Norway
Aker BP ASA		9,306		249,911		(2.5	)
Equinor ASA		113,674		3,302,545		(32.7	)
Gjensidige Forsikring ASA		19,520		319,004		(3.1	)
Kongsberg Gruppen ASA		11,077		572,606		(5.6	)
Var Energi ASA		75,125		221,181		(2.2	)
				4,665,247
Puerto Rico
Liberty Latin America Ltd., Class A		2		14		(0.0	)
Popular, Inc.		3,872		330,863		(3.3	)
				330,877
Saudi Arabia
MBC Group CJSC		111,093		1,700,418		(16.8	)
Singapore
Sea Ltd., Class A, ADR		3,022		115,259		(1.2	)
Sembcorp Industries Ltd.		105,100		444,874		(4.4	)
Singapore Airlines Ltd.		40,800		203,678		(2.0	)
				763,811
Spain
Banco Bilbao Vizcaya Argentaria SA		282,057		2,673,527		(26.4	)
Banco de Sabadell SA		672,818		884,479		(8.7	)
Banco Santander SA		472,952		1,926,518		(19.1	)
Bankinter SA		82,914		519,253		(5.1	)
EDP Renovaveis SA		17,631		289,746		(2.9	)
Fluidra SA		4,471		98,019		(1.0	)
Grifols SA, Class A		30,447		335,565		(3.3	)
Industria de Diseno Textil SA		26,352		1,140,097		(11.3	)
Repsol SA		46,068		689,159		(6.8	)
				8,556,363
Sweden
Electrolux AB, Class B		14,339		135,219		(1.4	)
H & M Hennes & Mauritz AB, B Shares		91,973		1,306,847		(12.9	)
				1,442,066
Switzerland
ABB Ltd., Class N		59,028		2,517,954		(24.9	)
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates		192		2,458,878		(24.3	)
Chocoladefabriken Lindt & Spruengli AG, Class N		2		255,485		(2.5	)
Flughafen Zurich AG, Class N		5,515		1,147,228		(11.4	)
Partners Group Holding AG		297		400,305		(4.0	)
Temenos AG, Class N		4,142		423,814		(4.2	)
				7,203,664
United Kingdom
AstraZeneca PLC		20,627		2,742,220		(27.1	)
Auto Trader Group PLC		67,634		624,857		(6.2	)
Aviva PLC		295,566		1,620,359		(16.0	)
B&M European Value Retail SA		6,454		42,411		(0.4	)
British Land Co. PLC		456,310		2,202,449		(21.8	)
Burberry Group PLC		37,420		618,874		(6.1	)
Darktrace PLC		16,680		72,646		(0.7	)
Drax Group PLC		188,025		1,218,855		(12.1	)

Security	Shares		Value		% of Basket Value
United Kingdom (continued)
easyJet PLC		264,806	$	1,861,238		(18.4	)%
Endeavour Mining PLC		1,250		22,256		(0.2	)
Hammerson PLC		45		15		(0.0	)
IMI PLC		47,372		1,008,796		(10.0	)
Informa PLC		94,469		931,361		(9.2	)
J Sainsbury PLC		457,689		1,569,864		(15.5	)
Johnson Matthey PLC		100,297		2,074,287		(20.5	)
Just Eat Takeaway.com NV		76,748		1,172,355		(11.6	)
Land Securities Group PLC		38,186		323,355		(3.2	)
Marks & Spencer Group PLC		454,105		1,425,252		(14.1	)
Moneysupermarket.com Group PLC		3		10		(0.0	)
Smiths Group PLC		176,335		3,630,084		(35.9	)
Spectris PLC		33,746		1,577,597		(15.6	)
Tesco PLC		453,627		1,650,721		(16.3	)
Tritax Big Box REIT PLC		127,281		267,631		(2.7	)
United Utilities Group PLC		30,917		418,095		(4.1	)
Vodafone Group PLC		1,051,338		897,515		(8.9	)
Weir Group PLC		92,123		2,126,845		(21.1	)
Whitbread PLC		15,922		724,928		(7.2	)
Wise PLC, Class A		18,833		193,005		(1.9	)
				31,017,881
United States
A O Smith Corp.		14,037		1,089,412		(10.8	)
Academy Sports & Outdoors, Inc.		8,407		527,371		(5.2	)
Adient PLC		6,915		240,020		(2.4	)
Adobe, Inc.		190		117,378		(1.2	)
Advanced Drainage Systems, Inc.		8,850		1,154,217		(11.4	)
AECOM		42,801		3,774,620		(37.3	)
AES Corp.		22,228		370,763		(3.7	)
Agilent Technologies, Inc.		14,775		1,922,227		(19.0	)
Alaska Air Group, Inc.		8,861		317,490		(3.1	)
Alcoa Corp.		46,505		1,383,524		(13.7	)
Align Technology, Inc.		10,298		2,752,861		(27.2	)
Alkermes PLC		32,577		881,208		(8.7	)
Alnylam Pharmaceuticals, Inc.		574		99,250		(1.0	)
Amdocs Ltd.		16,541		1,516,479		(15.0	)
AMETEK, Inc.		12,445		2,016,712		(20.0	)
Amgen, Inc.		1,648		517,900		(5.1	)
Antero Resources Corp.		1,590		35,521		(0.4	)
Aon PLC, Class A		309		92,215		(0.9	)
Asbury Automotive Group, Inc.		194		40,558		(0.4	)
AT&T, Inc.		18,972		335,615		(3.3	)
Atlassian Corp., Class A		777		194,071		(1.9	)
AutoNation, Inc.		3,819		533,362		(5.3	)
Avnet, Inc.		7,550		342,015		(3.4	)
Axis Capital Holdings Ltd.		3,875		230,640		(2.3	)
Bank of America Corp.		45,168		1,536,164		(15.2	)
Best Buy Co., Inc.		42,117		3,053,061		(30.2	)
Block, Inc., Class A		43,214		2,809,342		(27.8	)
Box, Inc., Class A		48,257		1,253,717		(12.4	)
Boyd Gaming Corp.		16,963		1,076,981		(10.7	)
BRP, Inc.		6,935		438,060		(4.3	)
Builders FirstSource, Inc.		14,757		2,563,734		(25.4	)
Bunge Global SA		1,345		118,481		(1.2	)
Cable One, Inc.		12		6,587		(0.1	)
CACI International, Inc., Class A		6,602		2,269,305		(22.4	)
Cadence Design Systems, Inc.		2,688		775,380		(7.7	)
Camden Property Trust		32,387		3,039,196		(30.1	)
CarMax, Inc.		102		7,260		(0.1	)
Carnival Corp.		1,959		32,480		(0.3	)
Carnival PLC		48,573		732,939		(7.3	)

67  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares		Value		% of Basket Value
United States (continued)
Cencora, Inc.		5,406	$	1,257,868		(12.4	)%
CH Robinson Worldwide, Inc.		17,975		1,511,518		(15.0	)
Chemed Corp.		4,719		2,797,376		(27.7	)
Ciena Corp.		24,263		1,285,939		(12.7	)
Cincinnati Financial Corp.		2,721		301,487		(3.0	)
Cirrus Logic, Inc.		22,027		1,700,484		(16.8	)
Citizens Financial Group, Inc.		29,686		970,732		(9.6	)
Coca-Cola Co.		119,963		7,136,599		(70.6	)
Cognex Corp.		11,566		417,995		(4.1	)
Colgate-Palmolive Co.		13,444		1,131,985		(11.2	)
Coterra Energy, Inc.		7,808		194,263		(1.9	)
Credit Acceptance Corp.		3,285		1,777,415		(17.6	)
CRH PLC		8,869		631,787		(6.3	)
Crimson Wine Group Ltd.		1		6		(0.0	)
D.R. Horton, Inc.		20,338		2,906,504		(28.8	)
Deckers Outdoor Corp.		1,122		845,685		(8.4	)
Delta Air Lines, Inc.		53,566		2,096,573		(20.7	)
Devon Energy Corp.		26,254		1,103,193		(10.9	)
Donaldson Co., Inc.		1,513		97,725		(1.0	)
eBay, Inc.		29,997		1,231,977		(12.2	)
EMCOR Group, Inc.		8,275		1,887,610		(18.7	)
EOG Resources, Inc.		35,079		3,991,639		(39.5	)
Etsy, Inc.		1,425		94,848		(0.9	)
Exact Sciences Corp.		6,796		444,458		(4.4	)
Exelixis, Inc.		14,825		322,592		(3.2	)
F5, Inc.		829		152,287		(1.5	)
Fair Isaac Corp.		2,397		2,873,595		(28.4	)
First American Financial Corp.		10,940		660,229		(6.5	)
Flex Ltd.		61,912		1,469,791		(14.5	)
Flowserve Corp.		28,924		1,154,935		(11.4	)
Fox Corp., Class A		31,408		1,014,478		(10.0	)
Franklin Resources, Inc.		832		22,156		(0.2	)
GoDaddy, Inc., Class A		28,713		3,062,529		(30.3	)
Graco, Inc.		22,779		1,943,049		(19.2	)
Guidewire Software, Inc.		7,375		823,640		(8.1	)
H&R Block, Inc.		18,003		843,261		(8.3	)
Halozyme Therapeutics, Inc.		6,027		204,014		(2.0	)
Harley-Davidson, Inc.		29,586		960,066		(9.5	)
Helmerich & Payne, Inc.		57,057		2,297,115		(22.7	)
Hilton Grand Vacations, Inc.		4,480		186,816		(1.8	)
Holcim AG		36,240		2,790,196		(27.6	)
HP, Inc.		71,164		2,043,118		(20.2	)
IDEXX Laboratories, Inc.		1,239		638,184		(6.3	)
Incyte Corp.		14,346		843,114		(8.3	)
Independence Realty Trust, Inc.		4,645		68,235		(0.7	)
International Paper Co.		4,173		149,519		(1.5	)
Invesco Ltd.		68,739		1,088,138		(10.8	)
Invitation Homes, Inc.		11,572		381,066		(3.8	)
Ionis Pharmaceuticals, Inc.		22,578		1,160,283		(11.5	)
Iridium Communications, Inc.		12,949		469,531		(4.6	)
ITT, Inc.		3,561		430,098		(4.3	)
Jack Henry & Associates, Inc.		12,688		2,104,051		(20.8	)
James Hardie Industries PLC, CDI		34,734		1,323,438		(13.1	)
Jones Lang LaSalle, Inc.		3,010		532,951		(5.3	)
KeyCorp		102,925		1,495,500		(14.8	)
Keysight Technologies, Inc.		8,306		1,272,978		(12.6	)
Lamar Advertising Co., Class A		3,923		410,660		(4.1	)
Landstar System, Inc.		1,386		265,724		(2.6	)
Lattice Semiconductor Corp.		5,716		347,876		(3.4	)
Lennar Corp., Class A		507		75,974		(0.8	)
Liberty Media Corp.-Liberty SiriusXM		12,608		382,779		(3.8	)
Lockheed Martin Corp.		4,845		2,080,491		(20.6	)

Security	Shares		Value		% of Basket Value
United States (continued)
Louisiana-Pacific Corp.		25,556	$	1,700,752		(16.8	)%
Magnolia Oil & Gas Corp., Class A		4,233		87,284		(0.9	)
Manhattan Associates, Inc.		24,546		5,953,878		(58.9	)
Marathon Oil Corp.		26,071		595,722		(5.9	)
Marathon Petroleum Corp.		40,588		6,721,373		(66.5	)
Marsh & McLennan Cos., Inc.		14,190		2,750,590		(27.2	)
Masco Corp.		7,864		529,169		(5.2	)
Mastercard, Inc., Class A		14,585		6,552,020		(64.8	)
Mettler-Toledo International, Inc.		2,082		2,492,550		(24.7	)
MGM Resorts International		37,589		1,630,235		(16.1	)
Molina Healthcare, Inc.		524		186,775		(1.8	)
Moody’s Corp.		8,810		3,453,872		(34.2	)
MSCI, Inc., Class A		472		282,549		(2.8	)
Murphy USA, Inc.		1,991		701,867		(6.9	)
Nestle SA, Class N		26,331		3,024,691		(29.9	)
NetApp, Inc.		26,665		2,325,188		(23.0	)
Neurocrine Biosciences, Inc.		8,463		1,182,873		(11.7	)
New Jersey Resources Corp.		10,333		421,896		(4.2	)
Nucor Corp.		2,894		540,975		(5.4	)
Nutanix, Inc., Class A		10,794		606,623		(6.0	)
NVIDIA Corp.		4,480		2,756,410		(27.3	)
NVR, Inc.		64		452,819		(4.5	)
OGE Energy Corp.		5,147		171,086		(1.7	)
OneMain Holdings, Inc.		29,073		1,383,875		(13.7	)
Oshkosh Corp.		35,862		3,948,406		(39.1	)
Otis Worldwide Corp.		18,560		1,641,446		(16.2	)
Owens Corning		2,966		449,438		(4.4	)
Palo Alto Networks, Inc.		7,386		2,500,235		(24.7	)
Paramount Global, Class B		105,203		1,534,912		(15.2	)
Penske Automotive Group, Inc.		8,624		1,279,543		(12.7	)
Perrigo Co. PLC		2,356		75,580		(0.7	)
Pfizer, Inc.		32,609		883,052		(8.7	)
Pool Corp.		608		225,720		(2.2	)
Post Holdings, Inc.		8,583		797,103		(7.9	)
Primo Water Corp.		40,963		598,349		(5.9	)
Prudential Financial, Inc.		20,971		2,200,487		(21.8	)
PulteGroup, Inc.		9,531		996,561		(9.9	)
Pure Storage, Inc., Class A		26,289		1,051,297		(10.4	)
QUALCOMM, Inc.		1,792		266,130		(2.6	)
Qualys, Inc.		4,405		833,294		(8.2	)
Regions Financial Corp.		78,769		1,470,617		(14.5	)
Reinsurance Group of America, Inc.		19,300		3,356,077		(33.2	)
ResMed, Inc.		11,446		2,177,029		(21.5	)
RH		1,183		299,867		(3.0	)
Robert Half, Inc.		4,318		343,454		(3.4	)
Roche Holding AG		1,355		413,944		(4.1	)
Royal Caribbean Cruises Ltd.		7,427		946,942		(9.4	)
RPM International, Inc.		1,724		183,882		(1.8	)
Sarepta Therapeutics, Inc.		6,743		802,350		(7.9	)
SEI Investments Co.		25,784		1,630,580		(16.1	)
Service Corp. International		60,283		4,046,195		(40.0	)
Signify NV		1,565		47,593		(0.5	)
Silicon Laboratories, Inc.		7,586		935,809		(9.3	)
Skechers USA, Inc., Class A		23,664		1,477,580		(14.6	)
Spotify Technology SA		19,071		4,106,940		(40.6	)
Synopsys, Inc.		1,869		996,831		(9.9	)
Synovus Financial Corp.		19,995		753,012		(7.5	)
T Rowe Price Group, Inc.		551		59,756		(0.6	)
TD SYNNEX Corp.		550		54,989		(0.5	)
TE Connectivity Ltd.		17,015		2,419,363		(23.9	)
Teradata Corp.		23,956		1,106,288		(10.9	)
Teradyne, Inc.		36,206		3,497,138		(34.6	)

S C H E D U L E  O F   I N V E S T M E N T S 68

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Toll Brothers, Inc.		18,125		$	1,800,719			(17.8	)%
Transocean Ltd.		16,141			88,130			(0.9	)
Trex Co., Inc.		24,804			2,021,030			(20.0	)
Truist Financial Corp.		1,844			68,339			(0.7	)
U.S. Foods Holding Corp.		6,519			299,939			(3.0	)
UFP Industries, Inc.		1,239			140,565			(1.4	)
UGI Corp.		127,737			2,828,097			(28.0	)
United Therapeutics Corp.		3,835			823,681			(8.1	)
Unum Group		2,414			116,693			(1.2	)
Valero Energy Corp.		12,755			1,771,669			(17.5	)
Valmont Industries, Inc.		2,054			463,608			(4.6	)
VeriSign, Inc.		26,604			5,291,004			(52.3	)
Visa, Inc., Class A		60,365			16,495,340			(163.2	)
Visteon Corp.		458			52,803			(0.5	)
Vulcan Materials Co.		10,937			2,471,871			(24.5	)
Wayfair, Inc., Class A		2,029			101,957			(1.0	)
West Pharmaceutical Services, Inc.		1,061			395,785			(3.9	)
Westinghouse Air Brake Technologies Corp.		13,040			1,715,673			(17.0	)
Westlake Corp.		28,449			3,935,919			(38.9	)
WEX, Inc.		5,978			1,221,843			(12.1	)
Weyerhaeuser Co.		5,529			181,185			(1.8	)
Workday, Inc., Class A		2,898			843,521			(8.3	)
WW Grainger, Inc.		292			261,527			(2.6	)
Zillow Group, Inc., Class C		41,060			2,333,850			(23.1	)
Zions Bancorp NA		34,971			1,465,285			(14.5	)
Zoetis, Inc., Class A		5,707			1,071,832			(10.6	)
					259,532,965
Preferred Stocks
Germany
Bayerische Motoren Werke AG		2,838			280,913			(2.8	)
Total Reference Entity — Long				514,467,380
Reference Entity — Short
Common Stocks
Australia
Incitec Pivot Ltd.		(350,608	)		(622,014	)		6.1
Lottery Corp. Ltd.		(197,882	)		(658,497	)		6.5
NEXTDC Ltd.		(135,051	)		(1,241,209	)		12.3
Pilbara Minerals Ltd.		(1,138,950	)		(2,633,828	)		26.1
Reece Ltd.		(17,295	)		(258,554	)		2.6
Santos Ltd.		(291,549	)		(1,496,071	)		14.8
Woodside Energy Group Ltd.		(1	)		(21	)		0.0
					(6,910,194	)
Austria
Mondi PLC		(14,976	)		(269,043	)		2.7
Voestalpine AG		(13,425	)		(404,561	)		4.0
					(673,604	)
Belgium
Anheuser-Busch InBev SA		(84,936	)		(5,324,519	)		52.7
Elia Group SA/NV		(6,917	)		(844,464	)		8.3
					(6,168,983	)
Bermuda
RenaissanceRe Holdings Ltd.		(2,842	)		(650,335	)		6.4
Canada
Agnico Eagle Mines Ltd.		(54,145	)		(2,663,642	)		26.4
Cameco Corp.		(65,034	)		(3,108,095	)		30.8
Canadian Apartment Properties REIT		(22,243	)		(772,870	)		7.6

Security	Shares			Value			% of Basket Value
Canada (continued)
Canadian National Railway Co.		(34,378	)	$	(4,268,370	)		42.2	%
Canadian Pacific Kansas City Ltd.		(373,713	)		(30,093,090	)		297.7
Colliers International Group, Inc.		(9,733	)		(1,143,533	)		11.3
Dollarama, Inc.		(693	)		(50,860	)		0.5
Fairfax Financial Holdings Ltd.		(668	)		(696,915	)		6.9
Finning International, Inc.		(43,559	)		(1,261,834	)		12.5
Kinross Gold Corp.		(48,681	)		(268,571	)		2.7
Lightspeed Commerce, Inc.		(70,361	)		(1,299,660	)		12.9
Loblaw Cos. Ltd.		(4,126	)		(412,655	)		4.1
Nexgen Energy Ltd.		(28,849	)		(221,172	)		2.2
Northland Power, Inc.		(3,333	)		(60,960	)		0.6
Open Text Corp.		(23,893	)		(1,042,856	)		10.3
Osisko Gold Royalties Ltd.		(95,067	)		(1,386,517	)		13.7
Parkland Corp.		(10,916	)		(372,857	)		3.7
Quebecor, Inc., Class B		(23,033	)		(560,567	)		5.5
RB Global, Inc.		(51,727	)		(3,314,196	)		32.8
Rogers Communications, Inc., Class B		(153,515	)		(7,177,575	)		71.0
SNC-Lavalin Group, Inc.		(13,755	)		(456,608	)		4.5
Sun Life Financial, Inc.		(63,583	)		(3,298,853	)		32.6
TMX Group Ltd.		(38,915	)		(963,285	)		9.5
Toronto-Dominion Bank		(100,990	)		(6,140,437	)		60.7
					(71,035,978	)
China
BOC Hong Kong Holdings Ltd.		(119,500	)		(286,236	)		2.8
ESR Group Ltd.		(200	)		(256	)		0.0
Wilmar International Ltd.		(83,900	)		(206,719	)		2.1
Xinyi Glass Holdings Ltd.		(1,366,000	)		(1,131,626	)		11.2
					(1,624,837	)
Denmark
Zealand Pharma A/S, Class A		(5,498	)		(379,497	)		3.7
Finland
Elisa OYJ		(37,891	)		(1,750,082	)		17.3
Kesko OYJ, Class B		(14,757	)		(292,066	)		2.9
Neste OYJ		(20,678	)		(719,207	)		7.1
Nokia OYJ		(650,134	)		(2,379,473	)		23.5
Orion OYJ, Class B		(7,628	)		(355,884	)		3.5
Stora Enso OYJ, Class R		(16,025	)		(206,781	)		2.1
UPM-Kymmene OYJ		(4,598	)		(169,552	)		1.7
					(5,873,045	)
France
Air Liquide SA		(31,247	)		(5,919,392	)		58.6
Airbus SE		(17,428	)		(2,792,947	)		27.6
Biomerieux		(7,297	)		(795,821	)		7.9
BNP Paribas SA		(86,593	)		(5,876,271	)		58.1
Bollore SE		(365,735	)		(2,445,920	)		24.2
Capgemini SE		(6,327	)		(1,424,423	)		14.1
Covivio SA/France		(2,209	)		(108,435	)		1.1
Danone SA		(22,197	)		(1,498,125	)		14.8
EssilorLuxottica SA		(22,245	)		(4,416,390	)		43.7
Ipsen SA		(8,355	)		(975,892	)		9.7
Kering SA		(9,101	)		(3,783,601	)		37.4
Klepierre SA		(11,864	)		(311,328	)		3.1
L’Oreal SA		(1,479	)		(716,847	)		7.1
LVMH Moet Hennessy Louis Vuitton SE		(1,600	)		(1,346,765	)		13.3
Orange SA		(183,738	)		(2,210,074	)		21.9
Pernod Ricard SA		(4,297	)		(709,909	)		7.0
Publicis Groupe SA		(13,154	)		(1,333,718	)		13.2
Remy Cointreau SA		(2,007	)		(206,062	)		2.0
Renault SA		(5,237	)		(199,845	)		2.0

69  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
France (continued)
Safran SA		(19,202	)	$	(3,624,938	)		35.9	%
Sartorius Stedim Biotech		(2,822	)		(769,796	)		7.6
SOITEC		(650	)		(94,657	)		0.9
Thales SA		(42	)		(6,227	)		0.1
TotalEnergies SE		(66,483	)		(4,365,093	)		43.2
Unibail-Rodamco-Westfield		(2,125	)		(154,229	)		1.5
Vivendi SE		(4,896	)		(55,880	)		0.5
					(46,142,585	)
Germany
AIXTRON SE		(5,832	)		(219,830	)		2.2
Bayer AG, Class N		(56,891	)		(1,792,189	)		17.7
Bechtle AG		(5,208	)		(273,444	)		2.7
Fresenius SE & Co. KGaA		(43,553	)		(1,239,616	)		12.3
Hannover Rueck SE, Class N		(1,320	)		(320,705	)		3.2
HelloFresh SE		(5,523	)		(74,040	)		0.7
Symrise AG, Class A		(15,208	)		(1,585,381	)		15.7
Vonovia SE		(35,386	)		(1,116,464	)		11.0
					(6,621,669	)
Hong Kong
CK Infrastructure Holdings Ltd.		(68,000	)		(403,600	)		4.0
CLP Holdings Ltd.		(203,500	)		(1,617,505	)		16.0
Hang Seng Bank Ltd.		(15,300	)		(159,171	)		1.6
Henderson Land Development Co. Ltd.		(130,000	)		(338,498	)		3.3
HKT Trust & HKT Ltd., Class SS		(2,459,000	)		(2,952,041	)		29.2
Hong Kong & China Gas Co. Ltd.		(460,000	)		(327,132	)		3.2
Link REIT		(43,500	)		(218,100	)		2.2
Power Assets Holdings Ltd.		(155,500	)		(909,920	)		9.0
Sino Land Co. Ltd.		(699,107	)		(729,809	)		7.2
Techtronic Industries Co. Ltd.		(7,500	)		(79,607	)		0.8
					(7,735,383	)
Ireland
Aercap Holdings NV		(15,973	)		(1,222,893	)		12.1
AIB Group PLC		(27,798	)		(123,173	)		1.2
					(1,346,066	)
Israel
Azrieli Group Ltd.		(16,475	)		(1,078,769	)		10.7
Bank Hapoalim BM		(121,752	)		(1,005,397	)		9.9
Bank Leumi Le-Israel BM		(119,886	)		(884,430	)		8.7
Global-e Online Ltd.		(6,531	)		(246,676	)		2.4
Israel Discount Bank Ltd., Class A		(89,781	)		(422,927	)		4.2
Mizrahi Tefahot Bank Ltd.		(9,777	)		(353,493	)		3.5
Mobileye Global, Inc., Class A		(433	)		(11,197	)		0.1
Teva Pharmaceutical Industries Ltd., ADR		(5,450	)		(65,945	)		0.7
					(4,068,834	)
Italy
Assicurazioni Generali SpA		(39,081	)		(882,958	)		8.7
Bper Banca		(8,826	)		(32,239	)		0.3
DiaSorin SpA		(3,625	)		(337,961	)		3.4
Leonardo SpA		(19,194	)		(339,739	)		3.4
Nexi SpA		(17,272	)		(134,258	)		1.3
Poste Italiane SpA		(31,968	)		(351,338	)		3.5
					(2,078,493	)
Japan
Asahi Group Holdings Ltd.		(11,500	)		(431,673	)		4.3
BayCurrent Consulting, Inc.		(39,200	)		(921,279	)		9.1
Bridgestone Corp.		(13,200	)		(577,160	)		5.7
Chiba Bank Ltd.		(7,400	)		(55,352	)		0.5

Security	Shares			Value			% of Basket Value
Japan (continued)
Chubu Electric Power Co., Inc.		(31,300	)	$	(410,020	)		4.1	%
Chugai Pharmaceutical Co. Ltd.		(45,200	)		(1,643,169	)		16.3
Daikin Industries Ltd.		(600	)		(97,084	)		1.0
Daiwa House REIT Investment Corp.		(177	)		(315,756	)		3.1
GLP J-REIT		(71	)		(64,045	)		0.6
Harmonic Drive Systems, Inc.		(2,600	)		(63,705	)		0.6
Ibiden Co. Ltd.		(16,300	)		(829,009	)		8.2
Iida Group Holdings Co. Ltd.		(29,400	)		(448,367	)		4.4
Japan Metropolitan Fund Invest		(1,557	)		(1,067,380	)		10.6
Japan Petroleum Exploration Co. Ltd.		(800	)		(32,842	)		0.3
Japan Real Estate Investment Corp.		(167	)		(646,539	)		6.4
JMDC, Inc.		(11,600	)		(310,070	)		3.1
JSR Corp.		(70,700	)		(1,946,818	)		19.3
Keisei Electric Railway Co. Ltd.		(9,200	)		(420,615	)		4.2
Kikkoman Corp.		(11,800	)		(733,313	)		7.2
Kintetsu Group Holdings Co. Ltd.		(23,900	)		(744,798	)		7.4
Kyushu Electric Power Co., Inc.		(56,400	)		(426,309	)		4.2
Kyushu Railway Co.		(53,100	)		(1,178,256	)		11.7
MatsukiyoCocokara & Co.		(11,700	)		(214,734	)		2.1
Mercari, Inc.		(9,600	)		(160,296	)		1.6
MinebeaMitsumi, Inc.		(3,200	)		(66,761	)		0.7
MISUMI Group, Inc.		(2,500	)		(43,271	)		0.4
Mitsui High-Tec, Inc.		(1,300	)		(60,599	)		0.6
Nippon Building Fund, Inc.		(155	)		(633,360	)		6.3
Nippon Sanso Holdings Corp.		(31,400	)		(803,613	)		7.9
Nippon Yusen KK		(20,400	)		(709,467	)		7.0
Nissan Chemical Corp.		(42,900	)		(1,727,954	)		17.1
Rakuten Bank Ltd.		(14,200	)		(222,876	)		2.2
Rohto Pharmaceutical Co. Ltd.		(1,700	)		(35,130	)		0.3
Secom Co. Ltd.		(6,400	)		(469,159	)		4.6
Seven & i Holdings Co. Ltd.		(18,200	)		(725,630	)		7.2
SG Holdings Co. Ltd.		(111,600	)		(1,460,581	)		14.4
Shimano, Inc.		(300	)		(43,506	)		0.4
Shizuoka Financial Group, Inc.		(118,500	)		(1,092,926	)		10.8
SMC Corp.		(1,200	)		(674,517	)		6.7
Sony Group Corp.		(14,000	)		(1,386,077	)		13.7
Square Enix Holdings Co. Ltd.		(6,500	)		(256,450	)		2.5
SUMCO Corp.		(131,600	)		(2,014,728	)		19.9
Taiyo Yuden Co. Ltd.		(10,200	)		(248,794	)		2.5
TDK Corp.		(1,600	)		(80,349	)		0.8
Tobu Railway Co. Ltd.		(43,300	)		(1,158,206	)		11.5
Tokyo Electric Power Co.Holdings, Inc.		(92,400	)		(496,889	)		4.9
Tokyo Gas Co. Ltd.		(16,200	)		(375,829	)		3.7
Tokyo Seimitsu Co. Ltd.		(1,400	)		(91,521	)		0.9
Toyo Suisan Kaisha Ltd.		(5,300	)		(278,736	)		2.8
West Japan Railway Co.		(16,800	)		(706,401	)		7.0
Yamato Holdings Co. Ltd.		(26,500	)		(462,638	)		4.6
Yokohama Rubber Co. Ltd.		(15,400	)		(367,867	)		3.6
Zensho Holdings Co. Ltd.		(1,000	)		(49,450	)		0.5
					(30,481,874	)
Netherlands
ASM International NV		(442	)		(247,845	)		2.5
BE Semiconductor Industries NV		(829	)		(126,121	)		1.2
EXOR NV		(3,916	)		(383,965	)		3.8
Heineken Holding NV		(33,027	)		(2,808,394	)		27.8
Heineken NV		(25,790	)		(2,628,531	)		26.0
IMCD NV		(3,878	)		(600,276	)		5.9
JDE Peet’s NV		(60,473	)		(1,513,368	)		15.0

S C H E D U L E  O F   I N V E S T M E N T S 70

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Netherlands (continued)
Koninklijke Ahold Delhaize NV		(11,840	)	$	(337,527	)		3.3	%
Universal Music Group NV		(19,842	)		(592,615	)		5.9
					(9,238,642	)
Portugal
Banco Comercial Portugues SA, R Shares		(7,705,679	)		(2,269,779	)		22.4
Jeronimo Martins SGPS SA		(1,137	)		(26,209	)		0.3
					(2,295,988	)
Singapore
CapitaLand Ascendas REIT		(238,000	)		(518,900	)		5.1
CapitaLand Investment Ltd./Singapore		(12,600	)		(27,778	)		0.3
Genting Singapore Ltd.		(701,300	)		(529,760	)		5.2
Jardine Cycle & Carriage Ltd.		(13,500	)		(262,230	)		2.6
Keppel Ltd.		(26,600	)		(141,443	)		1.4
Mapletree Logistics Trust		(6,000	)		(6,943	)		0.1
Oversea-Chinese Banking Corp. Ltd.		(72,900	)		(700,510	)		6.9
Singapore Exchange Ltd.		(78,500	)		(551,562	)		5.5
Singapore Technologies Engineering Ltd.		(154,300	)		(430,193	)		4.3
STMicroelectronics NV		(15,305	)		(680,769	)		6.7
UOL Group Ltd.		(65,200	)		(304,558	)		3.0
					(4,154,646	)
Spain
Amadeus IT Group SA		(27,546	)		(1,955,876	)		19.4
Cellnex Telecom SA		(22,889	)		(892,473	)		8.8
Corp. ACCIONA Energias Renovables SA		(6,568	)		(173,027	)		1.7
					(3,021,376	)
Switzerland
Alcon, Inc.		(276	)		(20,953	)		0.2
Bachem Holding AG, Class N		(1,259	)		(84,997	)		0.9
Barry Callebaut AG, Class N		(371	)		(545,878	)		5.4
EMS-Chemie Holding AG, Registered Shares		(761	)		(579,189	)		5.7
On Holding AG, Class A		(2,890	)		(76,758	)		0.8
SIG Group AG		(33,737	)		(707,922	)		7.0
Swatch Group AG		(2,774	)		(656,897	)		6.5
Swiss Life Holding AG, Class N		(6,804	)		(4,916,777	)		48.6
Swisscom AG, Class N		(4,240	)		(2,557,376	)		25.3
VAT Group AG		(730	)		(342,542	)		3.4
					(10,489,289	)
Thailand
Fabrinet		(2,402	)		(512,851	)		5.1
Turkey
Eldorado Gold Corp.		(24,533	)		(300,097	)		3.0
United Kingdom
Abrdn PLC		(207,471	)		(443,324	)		4.4
Admiral Group PLC		(23,727	)		(757,876	)		7.5
Associated British Foods PLC		(4,275	)		(126,623	)		1.3
Barratt Developments PLC		(35,965	)		(246,186	)		2.4
Beazley PLC		(80,247	)		(554,643	)		5.5
British American Tobacco PLC		(134,033	)		(3,968,102	)		39.3
Ck Hutchison Holdings Ltd.		(175,000	)		(903,274	)		8.9
DS Smith PLC		(194,959	)		(698,288	)		6.9
Flutter Entertainment PLC, Class DI		(519	)		(106,528	)		1.1
Hiscox Ltd.		(120,127	)		(1,588,739	)		15.7
Howden Joinery Group PLC		(14,148	)		(143,878	)		1.4
JD Sports Fashion PLC		(213,802	)		(316,800	)		3.1
JET2 PLC		(3,290	)		(55,939	)		0.6
Legal & General Group PLC		(54,270	)		(175,310	)		1.7
Lloyds Banking Group PLC		(1,510,936	)		(813,588	)		8.0

Security	Shares			Value			% of Basket Value
United Kingdom (continued)
Ocado Group PLC		(47,011	)	$	(323,622	)		3.2	%
Persimmon PLC		(29,867	)		(552,476	)		5.5
Reckitt Benckiser Group PLC		(36,563	)		(2,653,510	)		26.2
Rentokil Initial PLC		(111,628	)		(577,432	)		5.7
Smith & Nephew PLC		(136,911	)		(1,922,732	)		19.0
Vistry Group PLC		(41,236	)		(523,811	)		5.2
					(17,452,681	)
United States
10X Genomics, Inc., Class A		(13,663	)		(569,337	)		5.6
Aflac, Inc.		(44,932	)		(3,789,565	)		37.5
Agree Realty Corp.		(27,534	)		(1,641,302	)		16.2
Air Lease Corp., Class A		(26,431	)		(1,105,080	)		10.9
Airbnb, Inc., Class A		(13,720	)		(1,977,601	)		19.6
Albemarle Corp.		(17,225	)		(1,976,396	)		19.6
Alight, Inc., Class A		(200,031	)		(1,784,277	)		17.7
Alliant Energy Corp.		(45,089	)		(2,194,031	)		21.7
Allison Transmission Holdings, Inc.		(1,044	)		(63,204	)		0.6
Amcor PLC		(158,020	)		(1,490,129	)		14.7
American Electric Power Co., Inc.		(2,988	)		(233,482	)		2.3
Americold Realty Trust, Inc.		(25,725	)		(707,438	)		7.0
Amkor Technology, Inc.		(55,331	)		(1,751,779	)		17.3
Annaly Capital Management, Inc.		(92,471	)		(1,774,518	)		17.6
Antero Midstream Corp.		(11,721	)		(143,465	)		1.4
Apellis Pharmaceuticals, Inc.		(8,032	)		(508,345	)		5.0
Apollo Global Management, Inc.		(49,559	)		(4,975,724	)		49.2
Asana, Inc., Class A		(9,104	)		(158,592	)		1.6
Aspen Technology, Inc.		(7,261	)		(1,394,039	)		13.8
ATI, Inc.		(15,128	)		(618,281	)		6.1
Avantor, Inc.		(23,342	)		(536,633	)		5.3
Ball Corp.		(23,544	)		(1,305,515	)		12.9
Bath & Body Works, Inc.		(10,306	)		(439,654	)		4.3
Bausch Health Cos, Inc.		(50,038	)		(392,675	)		3.9
Berry Global Group, Inc.		(13,436	)		(879,521	)		8.7
Bill Holdings, Inc.		(433	)		(33,796	)		0.3
BJ’s Wholesale Club Holdings, Inc.		(14,108	)		(907,709	)		9.0
Blue Owl Capital, Inc., Class A		(26,270	)		(408,236	)		4.0
BorgWarner, Inc.		(7,424	)		(251,674	)		2.5
Boston Scientific Corp.		(19,148	)		(1,211,302	)		12.0
Braze, Inc., Class A		(2,332	)		(126,045	)		1.2
BWX Technologies, Inc.		(19,819	)		(1,614,852	)		16.0
Cboe Global Markets, Inc.		(2,388	)		(439,034	)		4.3
Celanese Corp., Class A		(20,014	)		(2,927,848	)		29.0
CF Industries Holdings, Inc.		(28,243	)		(2,132,629	)		21.1
Chart Industries, Inc.		(1,178	)		(137,496	)		1.4
Chipotle Mexican Grill, Inc.		(517	)		(1,245,334	)		12.3
Chord Energy Corp.		(13,935	)		(2,142,646	)		21.2
Chubb Ltd.		(5,309	)		(1,300,705	)		12.9
Churchill Downs, Inc.		(5,703	)		(689,892	)		6.8
Citigroup, Inc.		(245,473	)		(13,788,218	)		136.4
Coca-Cola Consolidated, Inc.		(1,093	)		(941,499	)		9.3
Coherent Corp.		(15,239	)		(724,462	)		7.2
Columbia Sportswear Co.		(2,669	)		(211,545	)		2.1
Confluent, Inc., Class A		(49,284	)		(1,101,990	)		10.9
Constellation Energy Corp.		(16,726	)		(2,040,572	)		20.2
Cooper Cos., Inc.		(6,169	)		(2,301,222	)		22.8
Core & Main, Inc., Class A		(4,767	)		(196,925	)		1.9
Corebridge Financial, Inc.		(99,247	)		(2,398,800	)		23.7
Coty, Inc., Class A		(52,558	)		(634,901	)		6.3
Cousins Properties, Inc.		(30,766	)		(704,849	)		7.0
Crane Co.		(22,116	)		(2,744,817	)		27.2
Danaher Corp.		(417	)		(100,042	)		1.0

71  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
United States (continued)
Diamondback Energy, Inc.		(19,405	)	$	(2,983,325	)		29.5	%
Digital Realty Trust, Inc.		(2,629	)		(369,269	)		3.7
Dollar Tree, Inc.		(20,182	)		(2,636,173	)		26.1
DoorDash, Inc., Class A		(19,819	)		(2,065,140	)		20.4
Dun & Bradstreet Holdings, Inc.		(3,676	)		(42,605	)		0.4
Duolingo, Inc., Class A		(1,191	)		(213,058	)		2.1
Dutch Bros, Inc., Class A		(1,979	)		(53,136	)		0.5
Element Solutions, Inc.		(3,096	)		(68,824	)		0.7
Entegris, Inc.		(27,272	)		(3,209,914	)		31.8
Envista Holdings Corp.		(47,403	)		(1,113,971	)		11.0
Equifax, Inc.		(5,208	)		(1,272,523	)		12.6
Erie Indemnity Co., Class A		(876	)		(302,947	)		3.0
Exelon Corp.		(104,735	)		(3,645,825	)		36.1
Extra Space Storage, Inc.		(25,846	)		(3,733,196	)		36.9
Ferguson PLC		(4,617	)		(866,997	)		8.6
Fifth Third Bancorp		(42,583	)		(1,458,042	)		14.4
First Citizens BancShares, Inc., Class A		(620	)		(936,200	)		9.3
Five Below, Inc.		(5,648	)		(1,013,590	)		10.0
Frontier Communications Parent, Inc.		(10,044	)		(247,384	)		2.4
FTI Consulting, Inc.		(1,184	)		(226,866	)		2.2
Gaming and Leisure Properties, Inc.		(21,173	)		(966,547	)		9.6
GE HealthCare, Inc.		(44,764	)		(3,283,887	)		32.5
Graphic Packaging Holding Co.		(66,554	)		(1,697,793	)		16.8
Haleon PLC		(1,312,435	)		(5,354,919	)		53.0
Hasbro, Inc.		(35,901	)		(1,757,354	)		17.4
HB Fuller Co.		(3,919	)		(296,943	)		2.9
Healthcare Realty Trust, Inc.		(218,313	)		(3,517,022	)		34.8
HealthEquity, Inc.		(864	)		(65,301	)		0.6
Hexcel Corp.		(14,952	)		(992,663	)		9.8
Howmet Aerospace, Inc.		(14,237	)		(800,974	)		7.9
Hyatt Hotels Corp., Class A		(8,223	)		(1,055,587	)		10.4
Immunovant, Inc.		(6,897	)		(251,120	)		2.5
Ingersoll Rand, Inc.		(15,897	)		(1,269,534	)		12.6
Interactive Brokers Group, Inc., Class A		(17,669	)		(1,568,124	)		15.5
International Flavors & Fragrances, Inc.		(18,882	)		(1,523,400	)		15.1
Intra-Cellular Therapies, Inc.		(12,950	)		(872,053	)		8.6
Intuit, Inc.		(1,123	)		(708,984	)		7.0
Kenvue, Inc.		(26,559	)		(551,365	)		5.5
Keurig Dr. Pepper, Inc.		(107,462	)		(3,378,605	)		33.4
Kite Realty Group Trust		(26,965	)		(577,051	)		5.7
KKR & Co., Inc., Class A		(33,478	)		(2,898,525	)		28.7
Laboratory Corp. of America Holdings		(9,567	)		(2,126,744	)		21.0
Lantheus Holdings, Inc.		(19,528	)		(1,014,089	)		10.0
Levi Strauss & Co., Class A		(24,298	)		(395,571	)		3.9
Linde PLC		(11,881	)		(4,809,785	)		47.6
Loews Corp.		(36,711	)		(2,674,763	)		26.5
MACOM Technology Solutions Holdings, Inc., Class H		(24,369	)		(2,101,339	)		20.8
Madison Square Garden Sports Corp., Class A		(1,909	)		(353,356	)		3.5
MarketAxess Holdings, Inc.		(3,564	)		(803,718	)		8.0
Marriott International, Inc., Class A		(15,202	)		(3,644,375	)		36.1
Masimo Corp.		(454	)		(58,539	)		0.6
Matador Resources Co.		(18,381	)		(1,008,933	)		10.0
Mueller Industries, Inc.		(4,521	)		(217,008	)		2.1
National Storage Affiliates Trust		(110,474	)		(4,126,204	)		40.8
Netflix, Inc.		(27,000	)		(15,230,970	)		150.7
New Fortress Energy, Inc., Class A		(7,194	)		(239,057	)		2.4
New York Community Bancorp, Inc., Class A		(145,465	)		(941,159	)		9.3
News Corp., Class A		(105,970	)		(2,611,101	)		25.8
NextEra Energy, Inc.		(8,385	)		(491,613	)		4.9
Noble Corp. PLC		(42,515	)		(1,876,187	)		18.6
Nordson Corp.		(1,070	)		(269,340	)		2.7

Security	Shares			Value			% of Basket Value
United States (continued)
nVent Electric PLC		(26,328	)	$	(1,580,733	)		15.6	%
Omega Healthcare Investors, Inc.		(90,108	)		(2,613,132	)		25.8
Omnicom Group, Inc.		(2,692	)		(243,303	)		2.4
ON Semiconductor Corp.		(13,056	)		(928,673	)		9.2
Onto Innovation, Inc.		(21,981	)		(3,549,931	)		35.1
Organon & Co.		(16,679	)		(277,705	)		2.7
Palantir Technologies, Inc., Class A		(113,492	)		(1,826,086	)		18.1
Parsons Corp.		(9,487	)		(618,078	)		6.1
PayPal Holdings, Inc.		(42,700	)		(2,619,645	)		25.9
Penumbra, Inc.		(3,911	)		(986,315	)		9.8
Permian Resources Corp., Class A		(128,123	)		(1,727,098	)		17.1
PG&E Corp.		(65,449	)		(1,104,125	)		10.9
Pinnacle Financial Partners, Inc.		(11,521	)		(1,018,226	)		10.1
Primerica, Inc.		(2,476	)		(579,780	)		5.7
Procore Technologies, Inc.		(4,420	)		(315,544	)		3.1
Procter & Gamble Co.		(74,000	)		(11,628,360	)		115.0
PTC, Inc.		(2,502	)		(451,986	)		4.5
QIAGEN NV		(71,148	)		(3,093,895	)		30.6
Quest Diagnostics, Inc.		(6,851	)		(879,874	)		8.7
R1 RCM, Inc.		(33,397	)		(341,985	)		3.4
Rambus, Inc.		(11,001	)		(753,899	)		7.5
Range Resources Corp.		(12,158	)		(353,068	)		3.5
Raymond James Financial, Inc.		(1,206	)		(132,877	)		1.3
Regal Rexnord Corp., Registered Shares		(3,421	)		(456,567	)		4.5
Repligen Corp.		(15,053	)		(2,851,038	)		28.2
Rithm Capital Corp.		(180,593	)		(1,932,345	)		19.1
Rivian Automotive, Inc., Class A		(24,295	)		(371,956	)		3.7
RLI Corp.		(1,310	)		(178,645	)		1.8
Ryman Hospitality Properties, Inc.		(3,447	)		(378,825	)		3.7
Samsara, Inc., Class A		(62,060	)		(1,948,684	)		19.3
Sanofi SA		(76,672	)		(7,777,513	)		76.9
Selective Insurance Group, Inc.		(4,151	)		(435,274	)		4.3
SentinelOne, Inc., Class A		(107,111	)		(2,870,575	)		28.4
SoFi Technologies, Inc.		(2,197	)		(17,203	)		0.2
SolarEdge Technologies, Inc.		(15,400	)		(1,024,100	)		10.1
Southern Co.		(6,566	)		(456,468	)		4.5
SouthState Corp.		(20,844	)		(1,732,136	)		17.1
SPS Commerce, Inc.		(3,351	)		(615,914	)		6.1
STAG Industrial, Inc.		(46,402	)		(1,714,090	)		17.0
STERIS PLC		(8,410	)		(1,841,369	)		18.2
Sun Communities, Inc.		(1,592	)		(199,557	)		2.0
Super Micro Computer, Inc.		(1,206	)		(638,710	)		6.3
Surgery Partners, Inc.		(6,867	)		(210,748	)		2.1
Take-Two Interactive Software, Inc.		(17,173	)		(2,832,343	)		28.0
Teledyne Technologies, Inc.		(6,172	)		(2,582,797	)		25.5
Teleflex, Inc.		(900	)		(218,547	)		2.2
Tenable Holdings, Inc.		(1,507	)		(70,980	)		0.7
Terreno Realty Corp.		(8,231	)		(491,638	)		4.9
TKO Group Holdings, Inc., Class A		(18,373	)		(1,537,636	)		15.2
Tradeweb Markets, Inc., Class A		(36,957	)		(3,525,328	)		34.9
Tyler Technologies, Inc.		(6,250	)		(2,642,187	)		26.1
Union Pacific Corp.		(7,412	)		(1,808,009	)		17.9
Valaris Ltd.		(19,969	)		(1,235,482	)		12.2
Valvoline, Inc.		(29,833	)		(1,088,606	)		10.8
Vaxcyte, Inc.		(12,422	)		(887,179	)		8.8
Veralto Corp.		(3,845	)		(294,873	)		2.9
Viatris, Inc.		(17,325	)		(203,915	)		2.0
Vontier Corp.		(11,796	)		(408,024	)		4.0
Warner Music Group Corp., Class A		(2,633	)		(96,078	)		1.0
Webster Financial Corp.		(40,657	)		(2,011,708	)		19.9
Welltower, Inc.		(48,616	)		(4,205,770	)		41.6
Whirlpool Corp.		(5,912	)		(647,482	)		6.4

S C H E D U L E  O F   I N V E S T M E N T S 72

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
United States (continued)
Wolfspeed, Inc.		(10,550	)	$	(343,403	)		3.4	%
Wyndham Hotels & Resorts, Inc.		(11,182	)		(871,413	)		8.6
XPO, Inc.		(6,775	)		(578,856	)		5.7
YETI Holdings, Inc.		(21,730	)		(955,468	)		9.5
Zebra Technologies Corp., Class A		(2,045	)		(489,880	)		4.8
ZoomInfo Technologies, Inc., CLass A		(27,535	)		(441,661	)		4.4
					(276,455,508	)
Preferred Stocks
Germany
Sartorius AG		(2,681	)		(989,990	)		9.8
Volkswagen AG		(60,661	)		(7,873,652	)		77.9
Total Reference Entity — Short					(524,576,097	)
Net Value of Reference Entity — Goldman Sachs Bank USA				$	(10,108,717	)

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with UBS AG as of period end, termination date 04/18/28:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
AGL Energy Ltd.		82,489	$	473,218		(3.9	)%
Aristocrat Leisure Ltd.		31,384		917,406		(7.5	)
Charter Hall Group		66,767		528,430		(4.3	)
Flight Centre Travel Group Ltd.		60,831		851,673		(7.0	)
Worley Ltd.		17,812		173,890		(1.4	)
				2,944,617
Austria
BAWAG Group AG		25,636		1,334,457		(10.9	)
Belgium
Liberty Global Ltd., Class C		52,609		1,101,632		(9.0	)
Sofina SA		9,161		2,219,115		(18.2	)
Syensqo SA		14,307		1,293,608		(10.6	)
Warehouses De Pauw CVA		6,222		184,505		(1.5	)
				4,798,860
Canada
Algonquin Power & Utilities Corp.		47,722		283,185		(2.3	)
Barrick Gold Corp.		64,947		1,015,190		(8.3	)
Canadian Natural Resources Ltd.		27,795		1,781,292		(14.6	)
Capital Power Corp.		25,116		687,769		(5.6	)
Cenovus Energy, Inc.		37,738		611,905		(5.0	)
Element Fleet Management Corp.		93,377		1,576,668		(12.9	)
Emera, Inc.		939		33,216		(0.3	)
Enerplus Corp.		112,411		1,633,614		(13.4	)
FirstService Corp.		1,910		319,962		(2.6	)
Gibson Energy, Inc.		1,581		25,259		(0.2	)
Great-West Lifeco, Inc.		953		31,702		(0.3	)
Imperial Oil Ltd.		2,665		153,866		(1.3	)
Keyera Corp.		48,666		1,178,228		(9.6	)

Security	Shares		Value		% of Basket Value
Canada (continued)
Magna International, Inc.		14,250	$	810,603		(6.6	)%
MEG Energy Corp.		29,128		551,227		(4.5	)
Methanex Corp.		18,739		831,780		(6.8	)
Pembina Pipeline Corp.		25,660		884,687		(7.2	)
RioCan Real Estate Investment Trust		20,150		274,386		(2.2	)
Stantec, Inc.		40,688		3,271,966		(26.8	)
Tourmaline Oil Corp.		6,428		278,205		(2.3	)
TransAlta Corp.		2,414		17,506		(0.1	)
West Fraser Timber Co. Ltd.		8,524		678,514		(5.6	)
Whitecap Resources, Inc.		30,901		199,838		(1.6	)
WSP Global, Inc.		53		7,793		(0.1	)
				17,138,361
Denmark
AP Moller - Maersk A/S, Class B		3		5,604		(0.1	)
DSV A/S		5,009		907,768		(7.4	)
Genmab A/S		2,066		577,973		(4.7	)
				1,491,345
France
Arkema SA		2,704		298,131		(2.4	)
AXA SA		902		30,368		(0.2	)
Carrefour SA		17,128		294,187		(2.4	)
Dassault Aviation SA		956		183,526		(1.5	)
Eiffage SA		42,690		4,526,917		(37.0	)
Engie SA		79,539		1,286,505		(10.5	)
Eurazeo SE		3,421		294,951		(2.4	)
Gaztransport Et Technigaz SA		3,154		447,578		(3.7	)
Rexel SA		46,443		1,251,095		(10.2	)
Ubisoft Entertainment SA		2,009		44,966		(0.4	)
Valeo SE		73,583		974,109		(8.0	)
Vallourec SA		6,867		99,530		(0.8	)
Veolia Environnement SA		108,399		3,577,652		(29.3	)
Vinci SA		28,676		3,663,042		(30.0	)
				16,972,557
Germany
Adidas AG, Class N		8,048		1,539,549		(12.6	)
Bayerische Motoren Werke AG		14,296		1,498,510		(12.3	)
Deutsche Lufthansa AG, Registered Shares		43,947		370,162		(3.0	)
Deutsche Telekom AG, Class N		242,217		6,023,229		(49.3	)
Heidelberg Materials AG		10,248		958,850		(7.8	)
HUGO BOSS AG, Ordinary Shares		2,517		159,610		(1.3	)
K&S AG, Class N		28,189		398,515		(3.3	)
KION Group AG		4,933		227,791		(1.9	)
LANXESS AG		5,667		153,462		(1.2	)
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class N		142		60,799		(0.5	)
Nemetschek SE		6,958		649,731		(5.3	)
RWE AG		89,807		3,353,284		(27.4	)
Scout24 SE		599		44,662		(0.4	)
thyssenkrupp AG		103,950		650,358		(5.3	)
				16,088,512
Hong Kong
Hang Lung Properties Ltd.		129,000		149,655		(1.2	)
Hongkong Land Holdings Ltd.		77,400		241,605		(2.0	)
Jardine Matheson Holdings Ltd.		3,600		144,555		(1.2	)
New World Development Co. Ltd.		1,331,000		1,630,188		(13.3	)

73  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares		Value		% of Basket Value
Hong Kong (continued)
Swire Pacific Ltd., Class A		35,000	$	270,620		(2.2	)%
Swire Properties Ltd.		153,600		286,850		(2.4	)
				2,723,473
Ireland
Kerry Group PLC, Class A		8,208		740,666		(6.1	)
Smurfit Kappa Group PLC		88,144		3,327,465		(27.2	)
				4,068,131
Israel
Nice Ltd.		180		36,251		(0.3	)
Nova Ltd.		94		13,612		(0.1	)
Wix.com Ltd.		9,091		1,153,466		(9.4	)
				1,203,329
Italy
A2A SpA		146,150		293,684		(2.4	)
Ferrari NV		2,179		769,763		(6.3	)
Intesa Sanpaolo SpA		182,300		568,892		(4.6	)
Mediobanca Banca di Credito Finanziario SpA		54,924		736,358		(6.0	)
Moncler SpA		16,399		1,021,490		(8.4	)
Recordati Industria Chimica e Farmaceutica SpA		2,584		144,488		(1.2	)
Snam SpA		24,656		122,162		(1.0	)
				3,656,837
Japan
ABC-Mart, Inc.		14,000		244,970		(2.0	)
Aeon Co. Ltd.		11,400		273,441		(2.2	)
Amada Co. Ltd.		22,900		249,508		(2.0	)
ANA Holdings, Inc.		15,000		332,056		(2.7	)
Aozora Bank Ltd.		6,100		135,351		(1.1	)
Asahi Kasei Corp.		55,600		425,270		(3.5	)
Astellas Pharma, Inc.		38,700		454,764		(3.7	)
Brother Industries Ltd.		1,800		30,438		(0.3	)
Dai Nippon Printing Co. Ltd.		48,500		1,417,383		(11.6	)
Fast Retailing Co. Ltd.		4,200		1,132,002		(9.3	)
Horiba Ltd.		400		31,900		(0.3	)
Hulic Co. Ltd.		47,600		530,539		(4.3	)
ITOCHU Corp.		13,700		627,696		(5.1	)
J Front Retailing Co. Ltd.		58,700		548,844		(4.5	)
Japan Post Holdings Co. Ltd.		494,100		4,772,692		(39.0	)
JFE Holdings, Inc.		54,700		871,779		(7.1	)
JGC Holdings Corp.		32,400		382,738		(3.1	)
Kakaku.com, Inc.		40,400		464,007		(3.8	)
Kao Corp.		49,100		1,934,433		(15.8	)
Koito Manufacturing Co. Ltd.		24,800		383,266		(3.1	)
Komatsu Ltd.		50,400		1,445,263		(11.8	)
Kubota Corp.		40,000		611,220		(5.0	)
Kyowa Kirin Co. Ltd.		28,900		459,825		(3.8	)
Lawson, Inc.		54,800		3,163,344		(25.9	)
Lixil Corp.		144,800		1,952,435		(16.0	)
MEIJI Holdings Co. Ltd.		44,600		1,088,069		(8.9	)
Mitsubishi Chemical Group Corp.		69,000		420,086		(3.4	)
Mitsui & Co. Ltd.		40,900		1,674,545		(13.7	)
Mizuho Financial Group, Inc.		71,500		1,307,979		(10.7	)
NIDEC Corp.		78,500		2,957,881		(24.2	)
Nihon M&A Center Holdings, Inc.		33,800		204,849		(1.7	)
Nikon Corp.		32,600		335,780		(2.7	)
Nippon Express Holdings, Inc.		4,400		264,365		(2.2	)
Nippon Shinyaku Co. Ltd.		6,500		231,814		(1.9	)
Nissan Motor Co. Ltd.		128,500		509,185		(4.2	)

Security	Shares		Value		% of Basket Value
Japan (continued)
Nisshin Seifun Group, Inc.		33,200	$	467,510		(3.8	)%
NSK Ltd.		306,600		1,687,286		(13.8	)
Obayashi Corp.		253,500		2,368,539		(19.4	)
Obic Co. Ltd.		6,700		1,040,032		(8.5	)
Ono Pharmaceutical Co. Ltd.		5,100		92,047		(0.8	)
Oracle Corp. Japan		15,800		1,257,401		(10.3	)
Otsuka Corp.		58,400		2,478,510		(20.3	)
Otsuka Holdings Co. Ltd.		11,500		456,429		(3.7	)
Panasonic Holdings Corp.		73,400		698,051		(5.7	)
Ricoh Co. Ltd.		32,400		257,177		(2.1	)
SCREEN Holdings Co. Ltd.		72,300		7,149,043		(58.5	)
SCSK Corp.		9,700		192,314		(1.6	)
Sega Sammy Holdings, Inc.		30,400		451,644		(3.7	)
Seiko Epson Corp.		23,400		344,979		(2.8	)
Sekisui House Ltd.		70,400		1,604,527		(13.1	)
Shimadzu Corp.		15,700		438,464		(3.6	)
Shimizu Corp.		62,500		422,441		(3.5	)
SoftBank Group Corp.		44,800		1,951,431		(16.0	)
Sumitomo Corp.		40,900		946,446		(7.7	)
Sumitomo Mitsui Trust Holdings, Inc.		53,600		1,108,598		(9.1	)
Takashimaya Co. Ltd.		34,900		490,904		(4.0	)
Tokyo Tatemono Co. Ltd.		53,000		824,707		(6.7	)
Trend Micro, Inc.		5,800		331,236		(2.7	)
				58,929,433
Luxembourg
ArcelorMittal SA		141,672		3,951,650		(32.3	)
Macau
Galaxy Entertainment Group Ltd.		45,000		233,402		(1.9	)
Netherlands
ABN AMRO Bank NV, CVA		117,393		1,748,055		(14.3	)
ASR Nederland NV		1,468		70,084		(0.6	)
NN Group NV		22,821		946,701		(7.7	)
Redcare Pharmacy NV		486		68,281		(0.6	)
				2,833,121
New Zealand
Xero Ltd.		887		64,453		(0.5	)
Norway
Aker BP ASA		37,326		1,005,522		(8.2	)
Equinor ASA		33,555		973,518		(8.0	)
Gjensidige Forsikring ASA		27,237		445,119		(3.6	)
Kongsberg Gruppen ASA		3,907		201,965		(1.7	)
Var Energi ASA		96,358		283,694		(2.3	)
				2,909,818
Puerto Rico
Popular, Inc.		1,588		135,695		(1.1	)
Singapore
DBS Group Holdings Ltd.		23,100		550,464		(4.5	)
Singapore Airlines Ltd.		99,200		495,218		(4.1	)
				1,045,682
Spain
Banco Bilbao Vizcaya Argentaria SA		40,419		383,118		(3.2	)
Banco de Sabadell SA		400,356		526,304		(4.3	)
Banco Santander SA		105,736		430,704		(3.5	)
Bankinter SA		103,615		648,894		(5.3	)
EDP Renovaveis SA		32,779		538,687		(4.4	)

S C H E D U L E  O F   I N V E S T M E N T S 74

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares		Value		% of Basket Value
Spain (continued)
Fluidra SA		77,684	$	1,703,080		(13.9	)%
Grifols SA, Class A		13,093		144,302		(1.2	)
Industria de Diseno Textil SA		18,706		809,733		(6.6	)
				5,184,822
Sweden
Electrolux AB, Class B		59,253		558,765		(4.6	)
Fastighets AB Balder, Class B		6,319		42,268		(0.3	)
Volvo Car AB, Class B		113,915		299,380		(2.5	)
				900,413
United Kingdom
Auto Trader Group PLC		65,529		605,409		(5.0	)
Aviva PLC		396,028		2,170,471		(17.8	)
B&M European Value Retail SA		18,612		122,318		(1.0	)
Barclays PLC		486,420		907,806		(7.4	)
British Land Co. PLC		474,026		2,286,537		(18.7	)
Burberry Group PLC		362		5,987		(0.1	)
Drax Group PLC		98,411		637,940		(5.2	)
easyJet PLC		188,889		1,327,641		(10.9	)
J Sainsbury PLC		282,986		970,599		(7.9	)
Land Securities Group PLC		60,624		513,320		(4.2	)
London Stock Exchange Group PLC		14,407		1,631,010		(13.3	)
M&G PLC		337,300		956,147		(7.8	)
Marks & Spencer Group PLC		625,535		1,960,796		(16.0	)
Phoenix Group Holdings PLC		11,649		74,458		(0.6	)
Smiths Group PLC		19,864		408,926		(3.4	)
Spectris PLC		57,351		2,681,052		(21.9	)
Tritax Big Box REIT PLC		268,411		564,382		(4.6	)
Vodafone Group PLC		1,910,138		1,630,865		(13.3	)
Weir Group PLC		57,622		1,330,320		(10.9	)
Whitbread PLC		14,393		655,313		(5.4	)
Wise PLC, Class A		11,559		118,459		(1.0	)
				21,559,756
United States
A O Smith Corp.		24,154		1,874,592		(15.3	)
Academy Sports & Outdoors, Inc.		4,660		292,322		(2.4	)
Adient PLC		5,786		200,832		(1.6	)
Advanced Drainage Systems, Inc.		1,952		254,580		(2.1	)
AECOM		19,661		1,733,904		(14.2	)
Agilent Technologies, Inc.		12,674		1,648,887		(13.5	)
Alaska Air Group, Inc.		11,754		421,146		(3.4	)
Alcoa Corp.		62,757		1,867,021		(15.3	)
Align Technology, Inc.		3,118		833,504		(6.8	)
Alkermes PLC		2,244		60,700		(0.5	)
Alnylam Pharmaceuticals, Inc.		8,308		1,436,536		(11.7	)
Amdocs Ltd.		8,085		741,233		(6.1	)
AMETEK, Inc.		4,631		750,454		(6.1	)
Amgen, Inc.		1,015		318,974		(2.6	)
Antero Resources Corp.		1,228		27,434		(0.2	)
Aon PLC, Class A		106		31,634		(0.3	)
AutoNation, Inc.		4,350		607,521		(5.0	)
Avnet, Inc.		11,418		517,235		(4.2	)
Axis Capital Holdings Ltd.		1,320		78,566		(0.6	)
Bank of America Corp.		41,215		1,401,722		(11.5	)
Best Buy Co., Inc.		1,093		79,232		(0.6	)
Block, Inc., Class A		5,686		369,647		(3.0	)
Box, Inc., Class A		22,994		597,384		(4.9	)
Boyd Gaming Corp.		9,921		629,884		(5.1	)
BRP, Inc.		12,695		801,900		(6.6	)
Builders FirstSource, Inc.		5,559		965,765		(7.9	)

Security	Shares		Value		% of Basket Value
United States (continued)
Bunge Global SA		1,261	$	111,082		(0.9	)%
Cable One, Inc.		315		172,913		(1.4	)
CACI International, Inc., Class A		4,668		1,604,532		(13.1	)
Cadence Design Systems, Inc.		5,123		1,477,781		(12.1	)
Camden Property Trust		19,717		1,850,243		(15.1	)
Carnival Corp.		52,671		873,285		(7.1	)
Carnival PLC		15,124		228,213		(1.9	)
Cencora, Inc.		2,316		538,887		(4.4	)
CH Robinson Worldwide, Inc.		7,095		596,619		(4.9	)
Chemed Corp.		1,775		1,052,202		(8.6	)
Ciena Corp.		10,931		579,343		(4.7	)
Cincinnati Financial Corp.		1,238		137,170		(1.1	)
Cirrus Logic, Inc.		8,950		690,940		(5.6	)
Citigroup, Inc.		4,165		233,948		(1.9	)
Cognex Corp.		13,569		490,384		(4.0	)
Colgate-Palmolive Co.		1,533		129,079		(1.1	)
Constellium SE, Class A		2,525		47,344		(0.4	)
Coterra Energy, Inc.		2,494		62,051		(0.5	)
Credit Acceptance Corp.		1,920		1,038,854		(8.5	)
D.R. Horton, Inc.		1,775		253,665		(2.1	)
Deckers Outdoor Corp.		433		326,365		(2.7	)
Devon Energy Corp.		6,016		252,792		(2.1	)
Domino’s Pizza, Inc.		258		109,965		(0.9	)
eBay, Inc.		27,601		1,133,573		(9.3	)
EOG Resources, Inc.		16,726		1,903,252		(15.6	)
Equity Residential		24,738		1,488,980		(12.2	)
Exelixis, Inc.		634		13,796		(0.1	)
F5, Inc.		1,367		251,118		(2.1	)
Fair Isaac Corp.		995		1,192,836		(9.8	)
First American Financial Corp.		2,364		142,667		(1.2	)
Flex Ltd.		22,505		534,269		(4.4	)
Flowserve Corp.		25,303		1,010,349		(8.3	)
Fox Corp., Class A		14,953		482,982		(3.9	)
Franklin Resources, Inc.		2,953		78,638		(0.6	)
GoDaddy, Inc., Class A		6,669		711,316		(5.8	)
Graco, Inc.		7,120		607,336		(5.0	)
Guidewire Software, Inc.		1,402		156,575		(1.3	)
H&R Block, Inc.		1,659		77,708		(0.6	)
Halozyme Therapeutics, Inc.		5,510		186,514		(1.5	)
Harley-Davidson, Inc.		22,508		730,385		(6.0	)
Helmerich & Payne, Inc.		34,194		1,376,650		(11.3	)
Hilton Grand Vacations, Inc.		8,142		339,521		(2.8	)
HP, Inc.		112,312		3,224,478		(26.4	)
Huntsman Corp.		1,064		26,111		(0.2	)
Independence Realty Trust, Inc.		8,970		131,769		(1.1	)
International Paper Co.		18,956		679,193		(5.6	)
Invesco Ltd.		9,236		146,206		(1.2	)
Invitation Homes, Inc.		10,667		351,264		(2.9	)
Iridium Communications, Inc.		7,484		271,370		(2.2	)
ITT, Inc.		733		88,532		(0.7	)
Jack Henry & Associates, Inc.		3,464		574,435		(4.7	)
James Hardie Industries PLC, CDI		23,125		879,161		(7.2	)
Jones Lang LaSalle, Inc.		1,537		272,141		(2.2	)
KeyCorp		21,960		319,079		(2.6	)
Kimberly-Clark Corp.		3,297		398,838		(3.3	)
KLA Corp.		238		141,382		(1.2	)
Lamar Advertising Co., Class A		2,886		302,106		(2.5	)
Landstar System, Inc.		4,103		786,627		(6.4	)
Lattice Semiconductor Corp.		4,805		292,432		(2.4	)
Lennar Corp., Class A		2,921		437,712		(3.6	)
Lennox International, Inc.		360		154,138		(1.3	)

75  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares		Value		% of Basket Value
United States (continued)
Liberty Media Corp.-Liberty SiriusXM		4,465	$	135,557		(1.1	)%
Louisiana-Pacific Corp.		30,182		2,008,612		(16.4	)
Lyft, Inc., Class A		122,086		1,524,854		(12.5	)
Manhattan Associates, Inc.		10,888		2,640,993		(21.6	)
Marathon Oil Corp.		10,105		230,899		(1.9	)
Marsh & McLennan Cos., Inc.		6,229		1,207,429		(9.9	)
Masco Corp.		17,036		1,146,352		(9.4	)
Mastercard, Inc., Class A		1,004		451,027		(3.7	)
Mettler-Toledo International, Inc.		993		1,188,810		(9.7	)
MGM Resorts International		1,610		69,826		(0.6	)
Molina Healthcare, Inc.		489		174,299		(1.4	)
MSCI, Inc., Class A		886		530,377		(4.3	)
Murphy USA, Inc.		836		294,707		(2.4	)
NetApp, Inc.		8,363		729,254		(6.0	)
New Jersey Resources Corp.		3,615		147,600		(1.2	)
Nutanix, Inc., Class A		10,046		564,585		(4.6	)
NVR, Inc.		43		304,237		(2.5	)
OGE Energy Corp.		18,578		617,533		(5.0	)
Oshkosh Corp.		28,368		3,123,317		(25.5	)
Paramount Global, Class B		142,763		2,082,912		(17.0	)
Penske Automotive Group, Inc.		3,220		477,751		(3.9	)
Perrigo Co. PLC		2,899		93,000		(0.8	)
Pool Corp.		881		327,071		(2.7	)
Post Holdings, Inc.		31,183		2,895,965		(23.7	)
Primo Water Corp.		3,030		44,259		(0.4	)
PulteGroup, Inc.		10,769		1,126,007		(9.2	)
Pure Storage, Inc., Class A		9,975		398,900		(3.3	)
Qualys, Inc.		8,032		1,519,413		(12.4	)
Regeneron Pharmaceuticals, Inc., Registered Shares		207		195,155		(1.6	)
Regions Financial Corp.		12,814		239,237		(2.0	)
Reinsurance Group of America, Inc.		11,650		2,025,819		(16.6	)
RH		678		171,859		(1.4	)
Robert Half, Inc.		8,942		711,247		(5.8	)
RPM International, Inc.		725		77,329		(0.6	)
S&P Global, Inc.		941		421,897		(3.4	)
Sarepta Therapeutics, Inc.		6,025		716,915		(5.9	)
SEI Investments Co.		19,406		1,227,235		(10.0	)
Service Corp. International		23,436		1,573,024		(12.9	)
Signify NV		27,947		849,886		(6.9	)
Silicon Laboratories, Inc.		2,569		316,912		(2.6	)
Spotify Technology SA		10,179		2,192,048		(17.9	)
Synovus Financial Corp.		11,335		426,876		(3.5	)
Sysco Corp.		9,925		803,230		(6.6	)
T Rowe Price Group, Inc.		488		52,924		(0.4	)
Taylor Morrison Home Corp., Class A		4,971		259,188		(2.1	)
TD SYNNEX Corp.		854		85,383		(0.7	)
TE Connectivity Ltd.		29,539		4,200,150		(34.4	)
Tenet Healthcare Corp.		2,406		199,072		(1.6	)
Teradata Corp.		2,907		134,245		(1.1	)
Teradyne, Inc.		7,241		699,408		(5.7	)
Tetra Tech, Inc.		840		132,871		(1.1	)
Toll Brothers, Inc.		6,995		694,953		(5.7	)
Transocean Ltd.		25,441		138,908		(1.1	)
Trex Co., Inc.		8,818		718,491		(5.9	)
U.S. Foods Holding Corp.		9,570		440,316		(3.6	)
UFP Industries, Inc.		108		12,253		(0.1	)
UGI Corp.		85,066		1,883,361		(15.4	)
United Therapeutics Corp.		630		135,311		(1.1	)
Valmont Industries, Inc.		3,533		797,433		(6.5	)
Veeva Systems, Inc., Class A		383		79,438		(0.6	)

Security	Shares			Value			% of Basket Value
United States (continued)
VeriSign, Inc.		18,651		$	3,709,311			(30.3	)%
Verisk Analytics, Inc.		137			33,090			(0.3	)
Visa, Inc., Class A		6,809			1,860,627			(15.2	)
Visteon Corp.		1,041			120,017			(1.0	)
Vulcan Materials Co.		588			132,894			(1.1	)
Wayfair, Inc., Class A		4,072			204,618			(1.7	)
West Pharmaceutical Services, Inc.		2,040			760,981			(6.2	)
Westinghouse Air Brake Technologies Corp.		3,069			403,788			(3.3	)
Westlake Corp.		15,102			2,089,362			(17.1	)
Zions Bancorp NA		19,901			833,852			(6.8	)
Zoetis, Inc., Class A		4,860			912,757			(7.5	)
					113,024,922
Preferred Stocks
Germany
Bayerische Motoren Werke AG		1,041			103,041			(0.8	)
Total Reference Entity — Long					283,296,687
Reference Entity — Short
Common Stocks
Australia
EBOS Group Ltd.		(16,821	)		(390,123	)		3.2
Austria
Mondi PLC		(19,363	)		(347,855	)		2.8
Belgium
Anheuser-Busch InBev SA		(79,677	)		(4,995,580	)		40.8
Lotus Bakeries NV		(130	)		(1,122,122	)		9.2
Solvay SA		(11,900	)		(327,472	)		2.7
					(6,445,174	)
Bermuda
RenaissanceRe Holdings Ltd.		(4,482	)		(1,025,616	)		8.4
Brazil
Yara International ASA		(9,974	)		(334,548	)		2.7
Canada
RB Global, Inc.		(1	)		(64	)		0.0
China
ESR Group Ltd.		(78,000	)		(99,638	)		0.8
Xinyi Glass Holdings Ltd.		(11,000	)		(9,113	)		0.1
					(108,751	)
Denmark
Carlsberg A/S, Class B		(9,714	)		(1,266,260	)		10.4
Coloplast A/S, Class B		(4,758	)		(555,159	)		4.6
Danske Bank A/S		(178,411	)		(4,840,035	)		39.6
GN Store Nord A/S		(1,713	)		(40,969	)		0.3
Vestas Wind Systems A/S		(989	)		(28,246	)		0.2
					(6,730,669	)
Finland
Fortum OYJ		(15,617	)		(216,486	)		1.8
Kesko OYJ, Class B		(13,682	)		(270,790	)		2.2
Neste OYJ		(17,269	)		(601,892	)		4.9
UPM-Kymmene OYJ		(11,014	)		(406,142	)		3.3
Valmet Oyj		(1,856	)		(52,881	)		0.5
					(1,548,191	)
France
Adevinta ASA, Class B		(125,823	)		(1,372,056	)		11.2
Bollore SE		(307,422	)		(2,055,941	)		16.8

S C H E D U L E  O F   I N V E S T M E N T S 76

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
France (continued)
Capgemini SE		(1,467	)	$	(329,213	)		2.7	%
Danone SA		(14,457	)		(976,035	)		8.0
Edenred SE		(8,635	)		(522,796	)		4.3
EssilorLuxottica SA		(10,422	)		(2,069,122	)		16.9
Ipsen SA		(11,027	)		(1,287,990	)		10.5
Kering SA		(11,278	)		(4,684,950	)		38.3
LVMH Moet Hennessy Louis Vuitton SE		(2,821	)		(2,374,515	)		19.4
Remy Cointreau SA		(299	)		(30,699	)		0.3
Sartorius Stedim Biotech		(4,936	)		(1,341,462	)		11.0
TotalEnergies SE		(23,141	)		(1,520,866	)		12.5
Unibail-Rodamco-Westfield		(4,743	)		(344,020	)		2.8
					(18,909,665	)
Germany
AIXTRON SE		(4,289	)		(161,669	)		1.3
Bayer AG, Class N		(47,513	)		(1,493,302	)		12.2
Bechtle AG		(6,361	)		(333,982	)		2.7
Continental AG		(9,925	)		(819,086	)		6.7
Daimler Truck Holding AG		(16,263	)		(587,642	)		4.8
Deutsche Post AG, Class N		(12,530	)		(608,214	)		5.0
Fresenius SE & Co. KGaA		(57,511	)		(1,636,893	)		13.4
Hannover Rueck SE, Class N		(1,426	)		(346,458	)		2.8
HelloFresh SE		(17,813	)		(238,798	)		2.0
MTU Aero Engines AG, Class N		(11,340	)		(2,629,118	)		21.5
SMA Solar Technology AG		(1,362	)		(70,287	)		0.6
Symrise AG, Class A		(12,299	)		(1,280,229	)		10.5
Talanx AG		(7,851	)		(558,265	)		4.6
Volkswagen AG		(712	)		(101,017	)		0.8
					(10,864,960	)
Hong Kong
Hang Seng Bank Ltd.		(39,100	)		(406,772	)		3.3
Henderson Land Development Co. Ltd.		(14,000	)		(36,453	)		0.3
HKT Trust & HKT Ltd., Class SS		(73,000	)		(87,637	)		0.7
Hong Kong & China Gas Co. Ltd.		(526,000	)		(374,089	)		3.0
Link REIT		(68,497	)		(343,481	)		2.8
MTR Corp. Ltd.		(300,500	)		(976,961	)		8.0
Techtronic Industries Co. Ltd.		(268,000	)		(2,844,622	)		23.3
WH Group Ltd.		(76,000	)		(44,809	)		0.4
					(5,114,824	)
Ireland
Kingspan Group PLC		(6,465	)		(531,987	)		4.4
Israel
Global-e Online Ltd.		(2,743	)		(103,603	)		0.8
Mobileye Global, Inc., Class A		(9,289	)		(240,214	)		2.0
					(343,817	)
Italy
Assicurazioni Generali SpA		(76,490	)		(1,728,140	)		14.1
Davide Campari-Milano NV		(26,979	)		(276,312	)		2.3
DiaSorin SpA		(601	)		(56,032	)		0.5
Eni SpA		(58,023	)		(937,537	)		7.7
FinecoBank Banca Fineco SpA		(22,842	)		(333,965	)		2.7
Leonardo SpA		(63,988	)		(1,132,606	)		9.3
Nexi SpA		(215,452	)		(1,674,739	)		13.7
Poste Italiane SpA		(13,747	)		(151,084	)		1.2
					(6,290,415	)
Japan
Ajinomoto Co., Inc.		(5,300	)		(219,652	)		1.8
Chiba Bank Ltd.		(74,100	)		(554,266	)		4.5

Security	Shares			Value			% of Basket Value
Japan (continued)
Chubu Electric Power Co., Inc.		(63,300	)	$	(829,210	)		6.8	%
Daiwa House REIT Investment Corp.		(725	)		(1,293,352	)		10.6
Fukuoka Financial Group, Inc.		(1,600	)		(39,678	)		0.3
GLP J-REIT		(1,868	)		(1,685,018	)		13.8
Harmonic Drive Systems, Inc.		(31,000	)		(759,557	)		6.2
Hoshizaki Corp.		(38,400	)		(1,410,872	)		11.5
Ibiden Co. Ltd.		(25,000	)		(1,271,487	)		10.4
Iida Group Holdings Co. Ltd.		(10,500	)		(160,131	)		1.3
Japan Airport Terminal Co. Ltd.		(17,000	)		(681,978	)		5.6
Japan Metropolitan Fund Invest		(20	)		(13,711	)		0.1
Japan Petroleum Exploration Co. Ltd.		(44,000	)		(1,806,326	)		14.8
Japan Real Estate Investment Corp.		(452	)		(1,749,915	)		14.3
Jeol Ltd.		(1,500	)		(69,180	)		0.6
JMDC, Inc.		(11,200	)		(299,378	)		2.4
Keisei Electric Railway Co. Ltd.		(16,600	)		(758,936	)		6.2
Kikkoman Corp.		(12,500	)		(776,815	)		6.4
Kintetsu Group Holdings Co. Ltd.		(15,900	)		(495,493	)		4.1
Kyushu Electric Power Co., Inc.		(54,200	)		(409,680	)		3.4
Macnica Holdings, Inc.		(900	)		(48,112	)		0.4
Mercari, Inc.		(1,300	)		(21,707	)		0.2
MinebeaMitsumi, Inc.		(12,600	)		(262,870	)		2.2
Mitsui OSK Lines Ltd.		(61,000	)		(2,211,098	)		18.1
Nippon Building Fund, Inc.		(488	)		(1,994,061	)		16.3
Nippon Sanso Holdings Corp.		(29,600	)		(757,546	)		6.2
Nissan Chemical Corp.		(6,500	)		(261,811	)		2.1
Niterra Co. Ltd.		(56,600	)		(1,537,924	)		12.6
Nitori Holdings Co. Ltd.		(1,900	)		(251,021	)		2.1
Rakus Co. Ltd.		(65,200	)		(1,081,726	)		8.8
Rohto Pharmaceutical Co. Ltd.		(55,300	)		(1,142,764	)		9.3
Secom Co. Ltd.		(9,400	)		(689,078	)		5.6
Seven & i Holdings Co. Ltd.		(14,700	)		(586,085	)		4.8
SG Holdings Co. Ltd.		(103,400	)		(1,353,262	)		11.1
SHIFT, Inc.		(1,800	)		(327,755	)		2.7
Shinko Electric Industries Co. Ltd.		(2,100	)		(78,386	)		0.6
Shionogi & Co. Ltd.		(4,900	)		(237,491	)		1.9
SMC Corp.		(5,500	)		(3,091,535	)		25.3
Sony Group Corp.		(4,800	)		(475,226	)		3.9
Square Enix Holdings Co. Ltd.		(7,100	)		(280,122	)		2.3
SUMCO Corp.		(81,000	)		(1,240,068	)		10.1
Tobu Railway Co. Ltd.		(7,500	)		(200,613	)		1.6
Tohoku Electric Power Co., Inc.		(7,200	)		(48,530	)		0.4
Tokyo Electric Power Co. Holdings, Inc.		(379,000	)		(2,038,104	)		16.7
Tokyo Gas Co. Ltd.		(54,500	)		(1,264,363	)		10.3
Toyo Suisan Kaisha Ltd.		(18,500	)		(972,948	)		8.0
Visional, Inc.		(7,400	)		(467,765	)		3.8
West Japan Railway Co.		(16,300	)		(685,377	)		5.6
Yamato Holdings Co. Ltd.		(4,200	)		(73,324	)		0.6
Yokohama Rubber Co. Ltd.		(32,800	)		(783,508	)		6.4
					(39,748,815	)
Netherlands
Adyen NV		(259	)		(329,310	)		2.7
Argenx SE		(3,808	)		(1,456,064	)		11.9
BE Semiconductor Industries NV		(606	)		(92,195	)		0.8
Heineken Holding NV		(58,007	)		(4,932,524	)		40.3
Heineken NV		(22,144	)		(2,256,944	)		18.5
IMCD NV		(1,614	)		(249,831	)		2.0
JDE Peet’s NV		(86,389	)		(2,159,993	)		17.7
Universal Music Group NV		(23,518	)		(702,405	)		5.7
					(12,179,266	)

77  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
New Zealand
Auckland International Airport Ltd.		(12,174	)	$	(63,257	)		0.5	%
Mercury NZ Ltd.		(8,921	)		(37,283	)		0.3
Meridian Energy Ltd.		(135,374	)		(464,835	)		3.8
					(565,375	)
Norway
Orkla ASA		(228,234	)		(1,814,849	)		14.8
Salmar ASA		(16,457	)		(927,300	)		7.6
					(2,742,149	)
Portugal
Banco Comercial Portugues SA, R Shares		(6,562,597	)		(1,937,342	)		15.9
Jeronimo Martins SGPS SA		(4,767	)		(109,883	)		0.9
					(2,047,225	)
Spain
Aena SME SA		(255	)		(45,370	)		0.4
Cellnex Telecom SA		(29,830	)		(1,161,399	)		9.5
					(1,206,769	)
Sweden
Boliden AB		(43,241	)		(1,157,423	)		9.5
Castellum AB		(125,424	)		(1,627,972	)		13.3
Epiroc AB, Class A		(66,269	)		(1,180,784	)		9.7
Epiroc AB, Class B		(8,900	)		(139,932	)		1.1
EQT AB		(22,869	)		(618,800	)		5.1
Evolution Ab		(2,993	)		(352,184	)		2.9
Getinge AB, Class B		(51,656	)		(1,113,293	)		9.1
Industrivarden AB, Class A		(204	)		(6,474	)		0.1
Investment AB Latour, Class B		(19,384	)		(489,135	)		4.0
Lifco AB, Class B		(6,186	)		(150,463	)		1.2
Sandvik Ab		(99,239	)		(2,101,529	)		17.2
Skandinaviska Enskilda Banken AB, Class A		(318,731	)		(4,562,367	)		37.3
Skanska AB, B Shares		(2,099	)		(36,682	)		0.3
SKF AB, Class B		(1,575	)		(31,276	)		0.3
Svenska Cellulosa AB SCA, Class B		(26,929	)		(369,659	)		3.0
Svenska Handelsbanken AB, A Shares		(292,440	)		(3,158,568	)		25.8
					(17,096,541	)
Switzerland
On Holding AG, Class A		(3,367	)		(89,428	)		0.7
Thailand
Fabrinet		(5,390	)		(1,150,819	)		9.4
United Kingdom
Admiral Group PLC		(9,299	)		(297,024	)		2.4
Barratt Developments PLC		(46,295	)		(316,896	)		2.6
Beazley PLC		(81,030	)		(560,055	)		4.6
Compass Group PLC		(56,707	)		(1,568,719	)		12.8
Diageo PLC		(141,175	)		(5,113,397	)		41.8
DS Smith PLC		(391,721	)		(1,402,792	)		11.5
Howden Joinery Group PLC		(26,530	)		(269,797	)		2.2
Imperial Brands PLC		(93,311	)		(2,249,369	)		18.4
Intertek Group PLC		(9,730	)		(554,596	)		4.6
JD Sports Fashion PLC		(481,280	)		(713,707	)		5.9
Legal & General Group PLC		(84,121	)		(271,739	)		2.2
Lloyds Banking Group PLC		(561,768	)		(302,493	)		2.5
Ocado Group PLC		(92,681	)		(638,012	)		5.2
Persimmon PLC		(186	)		(3,441	)		0.0
RELX PLC		(127,863	)		(5,299,945	)		43.4
Smith & Nephew PLC		(13,226	)		(185,627	)		1.5

Security	Shares			Value			% of Basket Value
United Kingdom (continued)
Spirax-Sarco Engineering PLC		(42,337	)	$	(5,343,731	)		43.7	%
St James’s Place PLC		(13,707	)		(112,989	)		0.9
Vistry Group PLC		(111,919	)		(1,421,681	)		11.6
					(26,626,010	)
United States
10X Genomics, Inc., Class A		(4,484	)		(186,848	)		1.5
Agree Realty Corp.		(19,989	)		(1,191,544	)		9.7
Air Lease Corp., Class A		(6,779	)		(283,430	)		2.3
Airbnb, Inc., Class A		(11,652	)		(1,679,519	)		13.7
Albemarle Corp.		(9,695	)		(1,112,404	)		9.1
Alight, Inc., Class A		(41,434	)		(369,591	)		3.0
Alliant Energy Corp.		(10,884	)		(529,615	)		4.3
Americold Realty Trust, Inc.		(18,258	)		(502,095	)		4.1
Amkor Technology, Inc.		(28,556	)		(904,083	)		7.4
Antero Midstream Corp.		(1,856	)		(22,717	)		0.2
Aramark		(1,707	)		(49,640	)		0.4
Asana, Inc., Class A		(9,241	)		(160,978	)		1.3
Aspen Technology, Inc.		(2,190	)		(420,458	)		3.4
ATI, Inc.		(5,466	)		(223,395	)		1.8
Avantor, Inc.		(50,056	)		(1,150,787	)		9.4
Ball Corp.		(19,747	)		(1,094,971	)		9.0
Bath & Body Works, Inc.		(15,984	)		(681,877	)		5.6
Bill Holdings, Inc.		(5,925	)		(462,446	)		3.8
BJ’s Wholesale Club Holdings, Inc.		(30,761	)		(1,979,163	)		16.2
BorgWarner, Inc.		(12,420	)		(421,038	)		3.4
Boston Scientific Corp.		(26,772	)		(1,693,597	)		13.9
Braze, Inc., Class A		(855	)		(46,213	)		0.4
BWX Technologies, Inc.		(13,063	)		(1,064,373	)		8.7
Cboe Global Markets, Inc.		(858	)		(157,743	)		1.3
CF Industries Holdings, Inc.		(7,325	)		(553,111	)		4.5
Chart Industries, Inc.		(658	)		(76,802	)		0.6
Chesapeake Energy Corp.		(3,047	)		(234,954	)		1.9
Chord Energy Corp.		(9,733	)		(1,496,546	)		12.2
Churchill Downs, Inc.		(7,531	)		(911,025	)		7.5
Coinbase Global, Inc., Class A		(760	)		(97,432	)		0.8
Columbia Sportswear Co.		(2,681	)		(212,496	)		1.7
Core & Main, Inc., Class A		(2,404	)		(99,309	)		0.8
Corteva, Inc.		(30,517	)		(1,387,913	)		11.4
Coty, Inc., Class A		(9,642	)		(116,475	)		1.0
Crane Co.		(22,819	)		(2,832,066	)		23.2
Dollar Tree, Inc.		(9,453	)		(1,234,751	)		10.1
DoorDash, Inc., Class A		(3,681	)		(383,560	)		3.1
DoubleVerify Holdings, Inc.		(5,767	)		(230,738	)		1.9
Doximity, Inc., Class A		(51,516	)		(1,388,356	)		11.4
Duke Energy Corp.		(13,954	)		(1,337,212	)		10.9
Duolingo, Inc., Class A		(2,265	)		(405,186	)		3.3
Dutch Bros, Inc., Class A		(23,321	)		(626,169	)		5.1
Entegris, Inc.		(824	)		(96,985	)		0.8
Envista Holdings Corp.		(557	)		(13,090	)		0.1
Equifax, Inc.		(6,666	)		(1,628,770	)		13.3
Erie Indemnity Co., Class A		(1,092	)		(377,646	)		3.1
Eversource Energy		(598	)		(32,424	)		0.3
Exelon Corp.		(85,669	)		(2,982,138	)		24.4
Extra Space Storage, Inc.		(6,461	)		(933,227	)		7.6
Ferguson PLC		(13,711	)		(2,574,701	)		21.1
Fifth Third Bancorp		(17,803	)		(609,575	)		5.0
Freshworks, Inc., Class A		(6,792	)		(150,782	)		1.2
GE HealthCare, Inc.		(32,799	)		(2,406,135	)		19.7
Graphic Packaging Holding Co.		(143,648	)		(3,664,460	)		30.0

S C H E D U L E  O F   I N V E S T M E N T S 78

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Haleon PLC		(1,082,616	)	$	(4,417,225	)		36.1	%
Hasbro, Inc.		(40,125	)		(1,964,119	)		16.1
HB Fuller Co.		(45	)		(3,410	)		0.0
Healthcare Realty Trust, Inc.		(133,428	)		(2,149,525	)		17.6
HealthEquity, Inc.		(3,623	)		(273,826	)		2.2
Hexcel Corp.		(4,820	)		(320,000	)		2.6
Hyatt Hotels Corp., Class A		(11,597	)		(1,488,707	)		12.2
Immunovant, Inc.		(12,665	)		(461,133	)		3.8
Inari Medical, Inc.		(506	)		(28,817	)		0.2
Ingersoll Rand, Inc.		(28,933	)		(2,310,589	)		18.9
Interactive Brokers Group, Inc., Class A		(3,359	)		(298,111	)		2.4
International Flavors & Fragrances, Inc.		(20,289	)		(1,636,917	)		13.4
Interpublic Group of Cos., Inc.		(6,621	)		(218,427	)		1.8
Intra-Cellular Therapies, Inc.		(2,576	)		(173,468	)		1.4
Keurig Dr. Pepper, Inc.		(32,385	)		(1,018,184	)		8.3
L3Harris Technologies, Inc.		(18,560	)		(3,868,275	)		31.6
Laboratory Corp. of America Holdings		(7,357	)		(1,635,461	)		13.4
Lantheus Holdings, Inc.		(20,162	)		(1,047,013	)		8.6
MACOM Technology Solutions Holdings, Inc., Class H		(6,387	)		(550,751	)		4.5
Madison Square Garden Sports Corp., Class A		(902	)		(166,960	)		1.4
Markel Group, Inc.		(154	)		(230,604	)		1.9
MarketAxess Holdings, Inc.		(5,521	)		(1,245,041	)		10.2
Marriott International, Inc., Class A		(1,738	)		(416,651	)		3.4
Masimo Corp.		(6,187	)		(797,752	)		6.5
Matador Resources Co.		(17,499	)		(960,520	)		7.9
Mueller Industries, Inc.		(13,711	)		(658,128	)		5.4
Murphy Oil Corp.		(8,985	)		(347,720	)		2.8
National Storage Affiliates Trust		(51,177	)		(1,911,461	)		15.6
New Fortress Energy, Inc., Class A		(5,832	)		(193,797	)		1.6
New York Community Bancorp, Inc., Class A		(39,336	)		(254,504	)		2.1
Noble Corp. PLC		(67,202	)		(2,965,624	)		24.3
Omnicom Group, Inc.		(2,461	)		(222,425	)		1.8
Onto Innovation, Inc.		(9,826	)		(1,586,899	)		13.0
Option Care Health, Inc.		(7,500	)		(234,300	)		1.9
Organon & Co.		(32,455	)		(540,376	)		4.4
Parsons Corp.		(19,569	)		(1,274,920	)		10.4
PayPal Holdings, Inc.		(10,269	)		(630,003	)		5.2
Penumbra, Inc.		(1,905	)		(480,422	)		3.9
Permian Resources Corp., Class A		(105,428	)		(1,421,169	)		11.6
PG&E Corp.		(88,710	)		(1,496,538	)		12.2
Pinnacle Financial Partners, Inc.		(3,098	)		(273,801	)		2.2
Planet Fitness, Inc., Class A		(5,488	)		(371,867	)		3.0
Primerica, Inc.		(579	)		(135,579	)		1.1
Procore Technologies, Inc.		(1,707	)		(121,863	)		1.0
PTC, Inc.		(1,174	)		(212,083	)		1.7
Public Service Enterprise Group, Inc.		(31,516	)		(1,827,613	)		15.0
QIAGEN NV		(41,221	)		(1,792,509	)		14.7
Quest Diagnostics, Inc.		(3,119	)		(400,573	)		3.3
Rambus, Inc.		(5,705	)		(390,964	)		3.2
Range Resources Corp.		(933	)		(27,094	)		0.2
Raymond James Financial, Inc.		(16	)		(1,763	)		0.0
Regal Rexnord Corp.		(526	)		(70,200	)		0.6
RLI Corp.		(5,252	)		(716,215	)		5.9
Robinhood Markets, Inc., Class A		(24,844	)		(266,825	)		2.2
Roivant Sciences Ltd.		(3,330	)		(33,300	)		0.3
Ryman Hospitality Properties, Inc.		(12,063	)		(1,325,724	)		10.8
Samsara, Inc., Class A		(15,620	)		(490,468	)		4.0
Sanofi SA		(26,526	)		(2,690,908	)		22.0
SentinelOne, Inc., Class A		(2,367	)		(63,436	)		0.5
Shift4 Payments, Inc., Class A		(7,255	)		(520,982	)		4.3

Security	Shares			Value			% of Basket Value
United States (continued)
Shockwave Medical, Inc.		(8,403	)	$	(1,901,179	)		15.6	%
Simpson Manufacturing Co., Inc.		(18,863	)		(3,414,014	)		27.9
SoFi Technologies, Inc.		(18,539	)		(145,160	)		1.2
SolarEdge Technologies, Inc.		(20,010	)		(1,330,665	)		10.9
SouthState Corp.		(7,863	)		(653,415	)		5.3
SPS Commerce, Inc.		(3,000	)		(551,400	)		4.5
STAG Industrial, Inc.		(52,869	)		(1,952,981	)		16.0
Starwood Property Trust, Inc.		(50,226	)		(1,021,095	)		8.4
STERIS PLC		(1,301	)		(284,854	)		2.3
Surgery Partners, Inc.		(7,309	)		(224,313	)		1.8
SVB Financial Group		(216	)		(15	)		0.0
Take-Two Interactive Software, Inc.		(31,175	)		(5,141,693	)		42.1
Teledyne Technologies, Inc.		(8,850	)		(3,703,460	)		30.3
Teleflex, Inc.		(3,113	)		(755,930	)		6.2
Tenable Holdings, Inc.		(4,401	)		(207,287	)		1.7
TKO Group Holdings, Inc., Class A		(15,096	)		(1,263,384	)		10.3
Tradeweb Markets, Inc., Class A		(6,324	)		(603,246	)		4.9
United Rentals, Inc.		(361	)		(225,769	)		1.9
Valaris Ltd.		(18,251	)		(1,129,189	)		9.2
Valvoline, Inc.		(13,539	)		(494,038	)		4.0
Vaxcyte, Inc.		(4,056	)		(289,680	)		2.4
Veralto Corp.		(1,872	)		(143,564	)		1.2
Warner Music Group Corp., Class A		(5,574	)		(203,395	)		1.7
Webster Financial Corp.		(5,320	)		(263,234	)		2.2
Welltower, Inc.		(12,666	)		(1,095,736	)		9.0
Whirlpool Corp.		(1,130	)		(123,758	)		1.0
Wolfspeed, Inc.		(18,750	)		(610,313	)		5.0
Wyndham Hotels & Resorts, Inc.		(12,627	)		(984,022	)		8.1
Wynn Resorts Ltd.		(2,027	)		(191,410	)		1.6
XPO, Inc.		(13,735	)		(1,173,518	)		9.6
YETI Holdings, Inc.		(9,458	)		(415,868	)		3.4
Zebra Technologies Corp., Class A		(451	)		(108,037	)		0.9
ZoomInfo Technologies, Inc., CLass A		(13,997	)		(224,512	)		1.8
					(129,946,232	)
Preferred Stocks
Germany
Sartorius AG		(1,224	)		(451,976	)		3.7
Volkswagen AG		(20,680	)		(2,684,551	)		21.9
Total Reference Entity — Short					(295,521,815	)
Net Value of Reference Entity — UBS AG				$	(12,225,128	)

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with UBS AG as of period end, termination date 04/18/28:

Security	Shares		Value		% of Basket Value
Reference Entity — Long
Common Stocks
Australia
Abacus Group		123,177	$	89,005		(2,403.6	)%
Accent Group Ltd.		111,900		149,374		(4,033.9	)
Alumina Ltd.		962,597		734,229		(19,827.9	)
Austal Ltd.		69,164		93,118		(2,514.7	)
Bega Cheese Ltd.		177,886		439,582		(11,871.0	)
Boral Ltd.		146,204		511,472		(13,812.4	)

79  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Australia (continued)
Challenger Ltd.		114,283	$	492,050		(13,287.9	)%
Downer EDI Ltd.		267,809		740,330		(19,992.7	)
GrainCorp Ltd., Class A		38,928		207,372		(5,600.1	)
Growthpoint Properties Australia Ltd.		108,559		172,171		(4,649.5	)
NRW Holdings Ltd.		99,791		179,107		(4,836.8	)
Pinnacle Investment Management Group Ltd.		4,595		30,766		(830.8	)
Pro Medicus Ltd.		8,691		580,910		(15,687.5	)
Regis Resources Ltd.		130,316		179,880		(4,857.7	)
Ridley Corp. Ltd.		19,698		36,520		(986.2	)
Silver Lake Resources Ltd.		454,367		362,899		(9,800.1	)
SiteMinder Ltd.		22,935		79,648		(2,150.9	)
Steadfast Group Ltd.		39,203		153,915		(4,156.5	)
Technology One Ltd.		78,698		815,953		(22,034.9	)
Ventia Services Group Pty Ltd.		131,512		286,244		(7,730.1	)
				6,334,545
Austria
ANDRITZ AG		14,873		927,331		(25,042.7	)
Kontron AG		6,358		149,453		(4,036.0	)
Raiffeisen Bank International AG		32,952		696,543		(18,810.3	)
UNIQA Insurance Group AG		12,197		103,663		(2,799.4	)
				1,876,990
Belgium
Shurgard Self Storage Ltd.		3,046		143,115		(3,864.8	)
Canada
AbCellera Biologics, Inc.		144,987		740,884		(20,007.7	)
Advantage Energy Ltd.		2,110		13,856		(374.2	)
Ag Growth International, Inc.		5,814		243,255		(6,569.1	)
Artis Real Estate Investment Trust		12,729		61,696		(1,666.1	)
Canfor Corp.		59,868		721,830		(19,493.1	)
Centerra Gold, Inc.		38,801		204,822		(5,531.2	)
Crombie Real Estate Investment Trust		13,197		133,525		(3,605.9	)
Doman Building Materials Group Ltd.		10,741		62,777		(1,695.3	)
Dye & Durham Ltd.		40,770		396,597		(10,710.1	)
H&R Real Estate Investment Trust		18,744		137,458		(3,712.1	)
Innergex Renewable Energy, Inc.		214,886		1,461,667		(39,472.5	)
Interfor Corp.		59,348		918,995		(24,817.6	)
Laurentian Bank of Canada		2,174		42,732		(1,154.0	)
Major Drilling Group International, Inc.		14,114		87,224		(2,355.5	)
Nexus Industrial REIT		8,505		51,016		(1,377.7	)
North American Construction Group Ltd.		30,541		701,566		(18,945.9	)
Obsidian Energy Ltd.		68,293		466,231		(12,590.6	)
Silvercorp Metals, Inc.		6,191		14,704		(397.1	)
Stelco Holdings, Inc.		16,335		522,225		(14,102.8	)
Topaz Energy Corp.		7,202		104,236		(2,814.9	)
				7,087,296
France
CGG SA		169,879		82,726		(2,234.0	)
Cie Plastic Omnium SE		16,829		195,599		(5,282.2	)
Clariane SE		23,265		59,526		(1,607.5	)
Etablissements Maurel et Prom SA		55,325		330,431		(8,923.3	)
ICADE		22,284		765,657		(20,676.7	)
				1,433,939
Georgia
TBC Bank Group PLC		9,532		353,629		(9,549.8	)
Germany
Auto1 Group SE		84,140		353,604		(9,549.1	)
CompuGroup Medical SE & Co. KgaA		4,350		188,399		(5,087.7	)

Security	Shares		Value		% of Basket Value
Germany (continued)
Deutsche Pfandbriefbank AG		13,234	$	80,541		(2,175.0	)%
Deutsche Wohnen SE		19,355		476,419		(12,865.8	)
Duerr AG		17,736		410,785		(11,093.3	)
Grand City Properties SA		60,013		587,196		(15,857.3	)
METRO AG		48,983		332,303		(8,973.9	)
SAF-Holland SE		19,627		321,138		(8,672.4	)
Salzgitter AG		14,399		406,600		(10,980.3	)
Suedzucker AG		30,681		438,807		(11,850.0	)
TUI AG		178,433		1,246,462		(33,660.9	)
Uniper SE		534		34,388		(928.7	)
United Internet AG, Class N		35,213		936,312		(25,285.2	)
				5,812,954
Hong Kong
Fortune Real Estate Investment Trust		53,000		30,328		(819.0	)
Ireland
Glanbia PLC		58,129		1,051,911		(28,407.0	)
Greencore Group PLC		319,050		415,243		(11,213.7	)
				1,467,154
Israel
Kornit Digital Ltd.		3,382		57,866		(1,562.7	)
Italy
Banca IFIS SpA		11,022		193,264		(5,219.1	)
Brunello Cucinelli SpA		1,583		158,057		(4,268.4	)
Buzzi SpA		19,816		681,958		(18,416.4	)
Credito Emiliano SpA		10,398		95,763		(2,586.1	)
De’ Longhi SpA		5,204		170,812		(4,612.8	)
Hera SpA		184,902		659,436		(17,808.2	)
Maire Tecnimont SpA		8,128		42,819		(1,156.3	)
PRADA SpA		114,600		710,288		(19,181.4	)
Sesa SpA		587		80,638		(2,177.6	)
Unipol Gruppo SpA		65,718		411,148		(11,103.1	)
Webuild SpA		437,329		931,769		(25,162.5	)
				4,135,952
Japan
77 Bank Ltd.		12,300		298,630		(8,064.5	)
Acom Co. Ltd.		28,000		72,378		(1,954.6	)
Aisan Industry Co. Ltd.		45,800		431,226		(11,645.3	)
Alfresa Holdings Corp.		79,600		1,314,319		(35,493.4	)
Avex, Inc.		3,600		34,865		(941.5	)
AZ-COM MARUWA Holdings, Inc.		20,200		210,064		(5,672.8	)
BML, Inc.		11,000		214,670		(5,797.2	)
Cellebrite Di Ltd.		77,934		704,523		(19,025.7	)
Coca-Cola Bottlers Japan Holdings, Inc.		56,200		765,197		(20,664.2	)
Create SD Holdings Co. Ltd.		1,800		39,029		(1,054.0	)
Daiichikosho Co. Ltd.		28,200		390,166		(10,536.5	)
Dentsu Soken, Inc.		7,800		294,240		(7,946.0	)
Doutor Nichires Holdings Co. Ltd.		20,500		305,651		(8,254.1	)
DTS Corp.		8,400		208,673		(5,635.2	)
Eizo Corp.		1,600		55,777		(1,506.3	)
Elematec Corp.		12,200		149,175		(4,028.5	)
Financial Partners Group Co. Ltd.		8,700		100,743		(2,720.6	)
FULLCAST Holdings Co. Ltd.		9,800		119,476		(3,226.5	)
Furukawa Electric Co. Ltd.		21,500		394,385		(10,650.4	)
Futaba Industrial Co. Ltd.		18,500		111,954		(3,023.3	)
Glory Ltd.		29,900		623,378		(16,834.4	)
Hanwa Co. Ltd.		2,600		95,995		(2,592.4	)
Hazama Ando Corp.		9,700		79,087		(2,135.8	)
Heiwa Real Estate Co. Ltd.		1,500		40,039		(1,081.3	)

S C H E D U L E  O F   I N V E S T M E N T S 80

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
Japan (continued)
Heiwado Co. Ltd.		9,700	$	146,245		(3,949.4	)%
Hioki EE Corp.		7,000		313,541		(8,467.2	)
Inaba Denki Sangyo Co. Ltd.		2,200		53,073		(1,433.2	)
Ishihara Sangyo Kaisha Ltd.		35,200		379,547		(10,249.7	)
Itochu Enex Co. Ltd.		4,200		45,434		(1,227.0	)
Japan Elevator Service Holdings Co. Ltd.		42,600		650,096		(17,555.9	)
JTEKT Corp.		110,100		1,013,527		(27,370.4	)
Kaken Pharmaceutical Co. Ltd.		22,100		526,543		(14,219.4	)
Kandenko Co. Ltd.		13,100		135,919		(3,670.5	)
Kaneka Corp.		3,600		88,387		(2,386.9	)
Kato Sangyo Co. Ltd.		6,800		223,827		(6,044.5	)
Kewpie Corp.		46,100		827,899		(22,357.5	)
Kissei Pharmaceutical Co. Ltd.		2,200		47,443		(1,281.2	)
Kitz Corp.		14,600		120,531		(3,255.0	)
Kokuyo Co. Ltd.		52,100		843,655		(22,783.0	)
Kyoritsu Maintenance Co. Ltd.		40,200		1,666,831		(45,013.0	)
Mani, Inc.		17,200		239,077		(6,456.3	)
Maxell Ltd.		21,700		240,578		(6,496.8	)
Meidensha Corp.		4,500		81,409		(2,198.5	)
MEITEC Group Holdings, Inc.		31,500		629,153		(16,990.4	)
Micronics Japan Co. Ltd.		21,700		649,667		(17,544.3	)
MIRAIT ONE Corp.		30,300		403,765		(10,903.7	)
Mitsui Mining & Smelting Co. Ltd.		61,100		1,898,137		(51,259.4	)
Modec, Inc.		26,500		417,518		(11,275.1	)
Morinaga & Co. Ltd.		6,600		127,122		(3,433.0	)
Nippon Light Metal Holdings Co. Ltd		26,600		330,804		(8,933.4	)
Nisshinbo Holdings, Inc.		21,900		179,717		(4,853.3	)
Nittetsu Mining Co. Ltd.		1,800		64,793		(1,749.7	)
NOK Corp.		22,300		298,233		(8,053.8	)
Noritz Corp.		29,200		310,512		(8,385.4	)
NTN Corp.		761,900		1,400,081		(37,809.4	)
Okinawa Cellular Telephone Co.		4,300		105,796		(2,857.0	)
Onward Holdings Co. Ltd.		11,500		42,623		(1,151.0	)
Optex Group Co. Ltd.		9,700		121,557		(3,282.7	)
Prima Meat Packers Ltd.		17,600		290,608		(7,847.9	)
Raito Kogyo Co. Ltd.		10,300		145,462		(3,928.2	)
San-Ai Obbli Co. Ltd.		5,500		62,625		(1,691.2	)
Sanki Engineering Co. Ltd.		15,900		205,892		(5,560.1	)
Sato Holdings Corp.		14,500		215,249		(5,812.8	)
Shibaura Machine Co. Ltd.		27,100		663,422		(17,915.8	)
Shizuoka Gas Co. Ltd.		32,100		221,463		(5,980.6	)
Sodick Co. Ltd.		79,700		386,058		(10,425.6	)
Sohgo Security Services Co. Ltd.		116,200		640,237		(17,289.7	)
Sumitomo Heavy Industries Ltd.		6,200		160,128		(4,324.3	)
Tadano Ltd.		5,500		45,199		(1,220.6	)
Taikisha Ltd.		8,500		254,002		(6,859.4	)
Tokai Rika Co. Ltd.		25,300		403,654		(10,900.7	)
Topcon Corp.		55,100		637,050		(17,203.6	)
Towa Pharmaceutical Co. Ltd.		2,900		51,219		(1,383.2	)
Toyo Seikan Group Holdings Ltd.		14,000		224,553		(6,064.1	)
Toyoda Gosei Co. Ltd.		47,000		913,122		(24,659.0	)
TS Tech Co. Ltd.		38,700		491,238		(13,266.0	)
TSI Holdings Co. Ltd.		51,400		240,964		(6,507.3	)
Tsubakimoto Chain Co.		4,800		140,084		(3,783.0	)
Tv Tokyo Holdings Corp.		1,100		23,311		(629.5	)
Wacom Co. Ltd.		148,400		689,870		(18,630.0	)
YAMABIKO Corp.		17,500		197,823		(5,342.2	)
Yamazen Corp.		31,300		268,531		(7,251.7	)
Yaoko Co. Ltd.		6,300		366,998		(9,910.8	)

Security	Shares		Value		% of Basket Value
Japan (continued)
Yokogawa Bridge Holdings Corp.		6,300	$	123,029		(3,322.4	)%
Yoshinoya Holdings Co. Ltd.		17,800		400,722		(10,821.6	)
Yuasa Trading Co. Ltd.		6,200		208,530		(5,631.4	)
				30,347,723
Netherlands
Eurocommercial Properties NV		7,428		168,733		(4,556.6	)
Koninklijke BAM Groep NV		169,498		472,972		(12,772.7	)
PostNL NV		191,928		282,860		(7,638.7	)
TomTom NV		47,148		323,391		(8,733.2	)
				1,247,956
Norway
Aker Solutions ASA		126,087		475,238		(12,833.9	)
Elkem ASA		184,509		388,893		(10,502.1	)
Odfjell Drilling Ltd.		59,068		222,303		(6,003.3	)
Wallenius Wilhelmsen ASA		14,975		146,922		(3,967.6	)
				1,233,356
Portugal
CTT-Correios de Portugal SA		51,428		206,747		(5,583.2	)
Mota-Engil SGPS SA		81,840		474,904		(12,824.8	)
Navigator Co SA		13,770		56,821		(1,534.5	)
Sonae SGPS SA		545,491		534,290		(14,428.6	)
				1,272,762
Singapore
BW LPG Ltd.		5,135		64,423		(1,739.8	)
South Korea
Magnachip Semiconductor Corp.		4,778		31,200		(842.6	)
Spain
Atlantica Sustainable Infrastructure PLC		57,219		1,097,460		(29,637.1	)
Indra Sistemas SA		30,583		549,290		(14,833.6	)
Merlin Properties Socimi SA		213,233		2,200,498		(59,424.7	)
Obrascon Huarte Lain SA		600,897		266,834		(7,205.9	)
Tecnicas Reunidas SA		11,357		95,804		(2,587.2	)
				4,209,886
Sweden
Attendo AB		56		221		(6.0	)
Loomis Ab, Class B		15,589		430,052		(11,613.6	)
Modern Times Group MTG AB, Class B		8,202		63,282		(1,708.9	)
				493,555
Switzerland
IWG PLC		99,131		235,884		(6,370.1	)
United Kingdom
Balfour Beatty PLC		13,295		56,188		(1,517.4	)
Breedon Group PLC		7,034		32,538		(878.7	)
Capricorn Energy PLC		57,535		106,246		(2,869.2	)
CVS Group PLC		11,151		239,548		(6,469.0	)
Deliveroo PLC, Class A		422,997		632,813		(17,089.2	)
Firstgroup PLC		75,797		160,306		(4,329.1	)
Gamma Communications PLC		10,335		157,015		(4,240.2	)
Investec PLC		125,322		819,519		(22,131.2	)
J D Wetherspoon PLC		39,359		420,602		(11,358.4	)
Jupiter Fund Management PLC		299,949		301,783		(8,149.7	)
Kier Group PLC		12,481		20,292		(548.0	)
Mitchells & Butlers PLC		84,420		279,545		(7,549.1	)
Mitie Group PLC		290,329		382,037		(10,317.0	)
Morgan Sindall Group PLC		3,492		100,656		(2,718.2	)

81  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares		Value		% of Basket Value
United Kingdom (continued)
NCC Group PLC		17,703	$	27,312		(737.6	)%
Nomad Foods Ltd.		18,301		329,235		(8,891.0	)
OSB Group PLC		158,826		907,093		(24,496.2	)
Playtech Plc		92,634		523,890		(14,147.7	)
Redde Northgate PLC		55,460		250,582		(6,767.0	)
S4 Capital PLC		169,508		94,922		(2,563.4	)
Serco Group PLC		366,279		802,655		(21,675.8	)
SThree PLC		9,668		50,234		(1,356.6	)
TP ICAP Group PLC		182,661		434,643		(11,737.6	)
Vesuvius PLC		35,063		212,002		(5,725.1	)
Workspace Group PLC		12,943		85,512		(2,309.3	)
				7,427,168
United States
1-800-Flowers.com, Inc., Class A		7,567		78,697		(2,125.2	)
Accel Entertainment, Inc., Class A		23,277		238,589		(6,443.1	)
Addus HomeCare Corp.		5,141		445,211		(12,023.0	)
Albany International Corp., Class A		5,107		454,063		(12,262.0	)
Allient, Inc.		5,016		139,746		(3,773.9	)
Alpha & Omega Semiconductor Ltd.		4,151		106,515		(2,876.4	)
American Assets Trust, Inc.		10,428		233,900		(6,316.5	)
American Vanguard Corp.		58,232		635,893		(17,172.4	)
American Woodmark Corp.		390		35,599		(961.4	)
Anywhere Real Estate, Inc.		80,827		575,488		(15,541.1	)
Apogee Enterprises, Inc.		11,666		616,081		(16,637.3	)
Argan, Inc.		2,553		113,174		(3,056.3	)
AssetMark Financial Holdings, Inc.		1,544		47,354		(1,278.8	)
Atea Pharmaceuticals, Inc.		6,608		27,489		(742.3	)
AtriCure, Inc.		1,275		43,427		(1,172.7	)
Banc of California, Inc.		71,326		982,872		(26,542.6	)
Beazer Homes USA, Inc.		1,029		32,671		(882.3	)
Benchmark Electronics, Inc.		6,551		177,663		(4,797.8	)
Berry Corp.		54,696		367,010		(9,911.2	)
BigCommerce Holdings, Inc., Series-1		7,632		62,430		(1,685.9	)
BlueLinx Holdings, Inc.		12,929		1,491,231		(40,270.9	)
Brightsphere Investment Group, Inc.		10,544		233,233		(6,298.5	)
Capitol Federal Financial, Inc.		14,182		89,914		(2,428.1	)
Cars.com, Inc.		5,995		104,493		(2,821.8	)
Castle Biosciences, Inc.		8,936		206,243		(5,569.6	)
Central Garden & Pet Co., Class A		3,104		128,133		(3,460.2	)
Century Communities, Inc.		480		41,616		(1,123.8	)
Cerence, Inc.		6,054		121,201		(3,273.0	)
Chegg, Inc.		167,709		1,651,934		(44,610.7	)
Clean Energy Fuels Corp.		5,500		16,225		(438.2	)
CommVault Systems, Inc.		12,294		1,127,114		(30,437.9	)
Comstock Resources, Inc.		82,896		647,418		(17,483.6	)
ConnectOne Bancorp, Inc.		7,861		179,545		(4,848.6	)
Corcept Therapeutics, Inc.		21,168		446,645		(12,061.7	)
Coursera, Inc.		13,800		264,132		(7,132.9	)
CS Disco, Inc.		7,144		58,438		(1,578.1	)
CSG Systems International, Inc.		17,688		889,883		(24,031.4	)
Customers Bancorp, Inc.		4,024		215,043		(5,807.3	)
Dana, Inc.		66,301		899,042		(24,278.7	)
Delek U.S. Holdings, Inc.		27,623		746,650		(20,163.4	)
Deluxe Corp.		10,270		194,206		(5,244.6	)
Digital Turbine, Inc.		17,261		93,037		(2,512.5	)
Dime Community Bancshares, Inc.		14,413		328,761		(8,878.2	)
DXP Enterprises, Inc.		13,481		434,358		(11,729.9	)
Eagle Bancorp, Inc.		18,293		453,483		(12,246.4	)
El Pollo Loco Holdings, Inc.		7,000		64,820		(1,750.5	)
Encore Wire Corp.		3,174		715,737		(19,328.6	)

Security	Shares		Value		% of Basket Value
United States (continued)
EnerSys		4,898	$	468,102		(12,641.2	)%
Everbridge, Inc.		3,965		88,657		(2,394.2	)
Everi Holdings, Inc.		29,235		304,336		(8,218.6	)
eXp World Holdings, Inc.		36,313		449,555		(12,140.3	)
EZCORP, Inc., Class A		29,064		249,950		(6,749.9	)
Forward Air Corp.		2,823		125,144		(3,379.5	)
Franklin Covey Co.		2,671		108,015		(2,917.0	)
Frontdoor, Inc.		13,737		450,024		(12,153.0	)
Fulgent Genetics, Inc.		9,256		227,605		(6,146.5	)
G-III Apparel Group Ltd.		36,773		1,106,500		(29,881.2	)
Global Industrial Co.		4,358		185,346		(5,005.3	)
GQG Partners, Inc., CDI		353,008		438,441		(11,840.2	)
Group 1 Automotive, Inc.		2,462		640,268		(17,290.5	)
Guess?, Inc.		34,724		775,734		(20,948.8	)
Hackett Group, Inc.		721		16,670		(450.2	)
Health Catalyst, Inc.		22,257		217,451		(5,872.3	)
Healthcare Services Group, Inc.		23,546		222,274		(6,002.5	)
HealthStream, Inc.		9,757		259,731		(7,014.1	)
Heidrick & Struggles International, Inc.		24,113		722,667		(19,515.7	)
Helen of Troy Ltd.		1,021		116,904		(3,157.0	)
Heritage Financial Corp.		4,034		81,285		(2,195.1	)
Hims & Hers Health, Inc., Class A		15,843		135,933		(3,670.9	)
Hope Bancorp, Inc.		4,581		50,757		(1,370.7	)
Horizon Bancorp, Inc.		1,514		19,849		(536.0	)
Hudson Pacific Properties, Inc.		38,121		312,211		(8,431.3	)
Huron Consulting Group, Inc.		564		58,391		(1,576.9	)
Hyster-Yale Materials Handling, Inc., Class A		723		47,516		(1,283.2	)
IES Holdings, Inc.		303		24,834		(670.6	)
Independent Bank Corp.		5,939		151,088		(4,080.1	)
Infinera Corp.		56,400		278,616		(7,524.1	)
Innoviva, Inc.		61,017		988,475		(26,693.9	)
Integral Ad Science Holding Corp.		8,134		118,350		(3,196.1	)
Inter Parfums, Inc.		344		47,868		(1,292.7	)
Itron, Inc.		19,750		1,424,765		(38,476.0	)
Janus International Group, Inc.		7,753		109,705		(2,962.6	)
JELD-WEN Holding, Inc.		14,630		272,118		(7,348.6	)
JetBlue Airways Corp.		42,696		226,716		(6,122.5	)
Kimball Electronics, Inc.		3,655		86,916		(2,347.2	)
Kodiak Gas Services, Inc.		5,859		137,218		(3,705.6	)
LendingClub Corp.		9,694		87,440		(2,361.3	)
Liquidity Services, Inc.		1,045		18,235		(492.4	)
LivaNova PLC		6,904		336,087		(9,076.1	)
Lovesac Co.		18,614		431,100		(11,641.9	)
M/I Homes, Inc.		3,402		433,483		(11,706.3	)
Manitowoc Co., Inc.		50,199		808,204		(21,825.7	)
MaxLinear, Inc.		81,641		1,699,766		(45,902.4	)
Methode Electronics, Inc.		39,662		823,383		(22,235.6	)
Midland States Bancorp, Inc.		5,068		133,086		(3,594.0	)
Minerals Technologies, Inc.		5,303		346,551		(9,358.7	)
Model N, Inc.		18,648		502,564		(13,571.8	)
N-able, Inc.		43,557		565,370		(15,267.9	)
NETGEAR, Inc.		49,429		701,892		(18,954.7	)
NexPoint Residential Trust, Inc.		1,664		50,835		(1,372.8	)
NMI Holdings, Inc., Class A		10,074		321,562		(8,683.8	)
Novocure Ltd.		45,315		630,785		(17,034.4	)
OceanFirst Financial Corp.		5,453		93,955		(2,537.3	)
ON24, Inc.		54,676		418,271		(11,295.5	)
Palomar Holdings, Inc.		3,296		197,332		(5,329.0	)
Pegasystems, Inc.		541		26,368		(712.1	)
Pennant Group, Inc.		2,925		43,904		(1,185.6	)
Perella Weinberg Partners, Class A		9,368		110,074		(2,972.6	)

S C H E D U L E  O F   I N V E S T M E N T S 82

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
United States (continued)
Playtika Holding Corp.		13,360		$	96,459			(2,604.9	)%
PRA Group, Inc.		11,358			258,622			(6,984.1	)
Premier Financial Corp.		29,555			617,404			(16,673.1	)
Primoris Services Corp.		7,280			238,784			(6,448.4	)
PROG Holdings, Inc.		8,571			262,615			(7,092.0	)
Progress Software Corp.		9,583			544,410			(14,701.9	)
Redfin Corp.		21,428			174,852			(4,721.9	)
REV Group, Inc.		5,241			102,304			(2,762.7	)
REX American Resources Corp.		10,856			449,330			(12,134.2	)
RHI Magnesita NV		6,027			257,904			(6,964.7	)
Riskified Ltd., Class A		17,911			82,211			(2,220.1	)
Ryerson Holding Corp.		7,471			256,405			(6,924.2	)
Sandy Spring Bancorp, Inc.		12,406			302,458			(8,167.9	)
SEMrush Holdings, Inc., Class A		18,883			217,910			(5,884.7	)
SI-BONE, Inc.		6,823			137,893			(3,723.8	)
Silk Road Medical, Inc.		12,928			195,601			(5,282.2	)
Sims Ltd.		53,589			509,302			(13,753.8	)
SolarWinds Corp.		3,614			42,717			(1,153.6	)
Southside Bancshares, Inc.		9,591			300,198			(8,106.9	)
Supernus Pharmaceuticals, Inc.		6,599			182,660			(4,932.8	)
Tennant Co.		1,012			95,654			(2,583.1	)
Titan Machinery, Inc.		855			22,854			(617.2	)
TTEC Holdings, Inc.		8,165			166,403			(4,493.7	)
TTM Technologies, Inc.		41,453			576,611			(15,571.5	)
Tutor Perini Corp.		4,735			42,426			(1,145.7	)
Univest Financial Corp.		3,807			80,861			(2,183.7	)
Upbound Group, Inc.		3,450			114,540			(3,093.2	)
Upwork, Inc.		16,951			232,398			(6,275.9	)
Varex Imaging Corp.		18,892			364,049			(9,831.2	)
Verint Systems, Inc.		18,348			544,752			(14,711.1	)
Viad Corp.		4,182			138,257			(3,733.6	)
Vicor Corp.		4,301			162,019			(4,375.3	)
Vishay Precision Group, Inc.		488			15,557			(420.1	)
Vital Farms, Inc.		33,838			486,590			(13,140.4	)
Vizio Holding Corp., Class A		2,065			14,455			(390.4	)
World Kinect Corp.		19,328			436,233			(11,780.5	)
Yext, Inc.		2,182			12,939			(349.4	)
Zeta Global Holdings Corp., Class A		14,099			136,478			(3,685.6	)
ZipRecruiter, Inc., Class A		20,718			288,395			(7,788.1	)
Zumiez, Inc.		4,875			83,704			(2,260.4	)
Zuora, Inc., Class A		65,787			601,293			(16,238.0	)
					47,629,146
Preferred Stocks
Germany
Schaeffler AG		34,072			218,108			(5,890.0	)
Total Reference Entity — Long				123,144,935
Reference Entity — Short
Common Stocks
Australia
ARB Corp. Ltd.		(2,614	)		(57,997	)		1,566.2
Boss Energy Ltd.		(12,988	)		(47,713	)		1,288.5
Champion Iron Ltd.		(83,683	)		(466,022	)		12,585.0
Corporate Travel Management Ltd.		(26,125	)		(350,773	)		9,472.7
EVT Ltd.		(23,814	)		(197,166	)		5,324.5
GUD Holdings Ltd.		(5,339	)		(43,004	)		1,161.3
HMC Capital Ltd.		(1,977	)		(7,953	)		214.8
Kelsian Group Ltd.		(17,430	)		(82,254	)		2,221.3

Security	Shares			Value			% of Basket Value
Australia (continued)
PEXA Group Ltd.		(1,954	)	$	(14,814	)		400.1	%
Sayona Mining Ltd.		(706,590	)		(18,512	)		499.9
Silex Systems Ltd.		(7,555	)		(25,578	)		690.7
Stanmore Resources Ltd.		(66,022	)		(171,161	)		4,622.2
					(1,482,947	)
Belgium
Azelis Group NV		(48,961	)		(1,022,878	)		27,623.0
Cofinimmo SA		(25,435	)		(1,869,394	)		50,483.2
VGP NV		(5,446	)		(647,451	)		17,484.5
					(3,539,723	)
Canada
Encore Energy Corp.		(5,740	)		(26,257	)		709.1
Skeena Resources Ltd.		(20,266	)		(92,078	)		2,486.6
Triple Flag Precious Metals Corp.		(9,910	)		(127,122	)		3,432.9
					(245,457	)
Cayman Islands
Consolidated Water Co. Ltd., Ordinary Shares		(4,240	)		(135,383	)		3,656.0
Costa Rica
Establishment Labs Holdings, Inc.		(15,017	)		(578,155	)		15,613.1
Denmark
ALK-Abello A/S, Class B		(113,216	)		(1,837,204	)		49,613.9
Chemometec A/S		(6,172	)		(338,006	)		9,127.9
FLSmidth & Co. A/S		(8,660	)		(359,559	)		9,709.9
Matas A/S		(18,481	)		(335,520	)		9,060.8
Ringkjoebing Landbobank A/S		(9,544	)		(1,556,016	)		42,020.4
Royal Unibrew A/S		(19,862	)		(1,317,459	)		35,578.1
Scandinavian Tobacco Group A/S		(4,830	)		(87,719	)		2,368.9
Topdanmark A/S		(15,570	)		(699,407	)		18,887.6
					(6,530,890	)
Faeroe Islands
Bakkafrost P/F		(3,781	)		(214,189	)		5,784.2
France
Euroapi SA		(4,523	)		(30,605	)		826.5
Neoen SA		(30,451	)		(892,435	)		24,100.3
Verallia SA		(4,548	)		(162,489	)		4,388.1
					(1,085,529	)
Germany
Eckert & Ziegler Strahlen- und Medizintechnik AG		(4,010	)		(201,847	)		5,450.9
Fraport AG Frankfurt Airport Services Worldwide		(5,099	)		(303,280	)		8,190.1
Hensoldt AG		(2,262	)		(68,783	)		1,857.5
Mercer International, Inc.		(11,301	)		(95,606	)		2,581.9
Schott Pharma AG & Co. KGaA		(3,169	)		(124,829	)		3,371.0
Sixt SE		(7,451	)		(736,271	)		19,883.1
					(1,530,616	)
Ghana
Tullow Oil PLC		(154,769	)		(60,942	)		1,645.7
Indonesia
Nickel Industries Ltd.		(551,210	)		(285,987	)		7,723.1
Ireland
Ardmore Shipping Corp.		(29,622	)		(490,837	)		13,255.1

83  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Security	Shares			Value			% of Basket Value
Italy
Eurogroup Laminations SpA		(15,862	)	$	(52,475	)		1,417.1	%
Industrie De Nora SpA		(8,309	)		(132,464	)		3,577.2
Salvatore Ferragamo SpA		(12,042	)		(155,555	)		4,200.8
					(340,494	)
Japan
Advance Residence Investment Corp.		(176	)		(391,311	)		10,567.4
Aeon Fantasy Co. Ltd.		(11,000	)		(188,143	)		5,080.8
Aichi Financial Group, Inc.		(7,200	)		(128,275	)		3,464.1
Anycolor, Inc.		(10,600	)		(271,215	)		7,324.2
AOKI Holdings, Inc.		(8,900	)		(71,524	)		1,931.5
Ariake Japan Co. Ltd.		(7,800	)		(252,488	)		6,818.5
Asahi Yukizai Corp.		(4,000	)		(112,290	)		3,032.4
Atom Corp.		(4,400	)		(28,223	)		762.2
Base Co. Ltd.		(8,600	)		(192,130	)		5,188.5
C Uyemura & Co. Ltd.		(5,700	)		(436,682	)		11,792.7
Chikaranomoto Holdings Co. Ltd.		(10,969	)		(108,109	)		2,919.5
Chiyoda Corp.		(648,500	)		(1,501,459	)		40,547.1
Chubu Steel Plate Co. Ltd.		(300	)		(5,085	)		137.3
Comforia Residential REIT, Inc.		(46	)		(97,343	)		2,628.8
Cover Corp.		(89,796	)		(1,725,182	)		46,588.8
CUC, Inc.		(25,000	)		(453,997	)		12,260.2
CYBERDYNE, Inc.		(411,200	)		(577,660	)		15,599.8
Daiei Kankyo Co. Ltd.		(32,300	)		(554,917	)		14,985.6
Daikoku Denki Co. Ltd.		(15,600	)		(397,065	)		10,722.8
Daiwa Office Investment Corp.		(66	)		(284,247	)		7,676.1
DeNA Co. Ltd.		(5,700	)		(58,120	)		1,569.5
Descente Ltd.		(24,100	)		(562,658	)		15,194.6
Enplas Corp.		(11,000	)		(902,729	)		24,378.3
FP Partner, Inc.		(3,200	)		(133,916	)		3,616.4
Fuji Media Holdings, Inc.		(82,400	)		(985,420	)		26,611.4
Fujio Food Group, Inc.		(22,100	)		(221,821	)		5,990.3
Fujita Kanko, Inc.		(700	)		(31,770	)		857.9
Fukuyama Transporting Co. Ltd.		(17,300	)		(483,359	)		13,053.2
Fuso Chemical Co. Ltd.		(10,600	)		(301,595	)		8,144.6
Future Corp.		(6,300	)		(75,522	)		2,039.5
GMO Financial Holdings, Inc.		(87,300	)		(450,093	)		12,154.8
Godo Steel Ltd.		(100	)		(3,530	)		95.3
gremz, Inc.		(35,600	)		(514,921	)		13,905.5
GungHo Online Entertainment, Inc.		(25,400	)		(431,011	)		11,639.5
Hakuto Co. Ltd.		(2,900	)		(121,188	)		3,272.7
Hankyu Hanshin REIT, Inc.		(194	)		(193,871	)		5,235.5
Hirata Corp.		(500	)		(23,088	)		623.5
HIS Co. Ltd.		(22,400	)		(274,779	)		7,420.4
Hokuetsu Corp.		(25,400	)		(242,416	)		6,546.5
Iino Kaiun Kaisha Ltd.		(67,600	)		(596,242	)		16,101.6
I-NE Co. Ltd.		(9,100	)		(153,020	)		4,132.3
J Trust Co. Ltd.		(33,500	)		(109,470	)		2,956.2
Japan Aviation Electronics Industry Ltd.		(31,300	)		(544,562	)		14,706.0
Japan Material Co. Ltd.		(12,200	)		(208,176	)		5,621.8
Japan Prime Realty Investment Corp.		(76	)		(183,734	)		4,961.8
Japan Wool Textile Co. Ltd.		(53,600	)		(545,643	)		14,735.2
Kanto Denka Kogyo Co. Ltd.		(52,900	)		(319,521	)		8,628.7
Kasumigaseki Capital Co. Ltd.		(600	)		(51,237	)		1,383.7
KeePer Technical Laboratory Co. Ltd.		(2,800	)		(124,798	)		3,370.2
Keihan Holdings Co. Ltd.		(13,200	)		(325,174	)		8,781.4
KH Neochem Co. Ltd.		(1,800	)		(28,326	)		764.9
Komehyo Holdings Co. Ltd.		(3,000	)		(90,630	)		2,447.5
Kosaido Holdings Co. Ltd.		(82,700	)		(423,823	)		11,445.4
Krosaki Harima Corp.		(2,200	)		(185,434	)		5,007.7
Kumiai Chemical Industry Co. Ltd.		(9,900	)		(57,323	)		1,548.0

Security	Shares			Value			% of Basket Value
Japan (continued)
KYB Corp.		(2,000	)	$	(70,012	)		1,890.7	%
M&A Research Institute Holdings, Inc.		(41,900	)		(1,503,147	)		40,592.7
MEC Co. Ltd.		(3,000	)		(91,629	)		2,474.4
Mitsuboshi Belting Ltd.		(2,900	)		(97,157	)		2,623.7
Mori Hills REIT Investment Corp.		(200	)		(187,965	)		5,076.0
Morinaga Milk Industry Co. Ltd.		(10,000	)		(206,626	)		5,580.0
m-up Holdings, Inc.		(17,300	)		(118,198	)		3,191.9
Musashino Bank Ltd.		(5,100	)		(96,978	)		2,618.9
Namura Shipbuilding Co. Ltd.		(105,662	)		(1,009,011	)		27,248.5
Nanto Bank Ltd.		(1,800	)		(32,855	)		887.3
Nihon Kohden Corp.		(18,900	)		(581,666	)		15,708.0
Nikkiso Co. Ltd.		(9,100	)		(67,422	)		1,820.7
Nikkon Holdings Co. Ltd.		(7,900	)		(171,338	)		4,627.0
Nippon Pillar Packing Co. Ltd.		(1,300	)		(43,127	)		1,164.6
Nippon REIT Investment Corp.		(10	)		(23,378	)		631.3
Nippon Yakin Kogyo Co. Ltd.		(24,400	)		(792,841	)		21,410.8
Nishimatsu Construction Co. Ltd.		(1,200	)		(33,304	)		899.4
Nomura Micro Science Co. Ltd.		(3,700	)		(347,086	)		9,373.1
One REIT, Inc.		(17	)		(31,562	)		852.3
Orient Corp.		(51,900	)		(395,421	)		10,678.4
OSAKA Titanium Technologies Co. Ltd.		(34,481	)		(658,240	)		17,775.9
OSG Corp.		(40,000	)		(549,790	)		14,847.1
Outsourcing Inc.		(130,000	)		(1,530,765	)		41,338.5
Piolax, Inc.		(19,500	)		(333,395	)		9,003.4
Rengo Co. Ltd.		(30,000	)		(196,430	)		5,304.6
Roland Corp.		(5,900	)		(197,873	)		5,343.6
Ryosan Co. Ltd.		(1,800	)		(59,895	)		1,617.5
Sangetsu Corp.		(32,600	)		(725,108	)		19,581.6
SBI Sumishin Net Bank Ltd.		(1,800	)		(20,925	)		565.1
Senshu Ikeda Holdings, Inc.		(33,800	)		(79,029	)		2,134.2
Septeni Holdings Co. Ltd.		(60,900	)		(205,778	)		5,557.1
Shiga Bank Ltd.		(14,500	)		(363,749	)		9,823.1
Shin Nippon Biomedical Laboratories Ltd.		(20,000	)		(234,280	)		6,326.8
Shoei Co. Ltd.		(5,700	)		(76,882	)		2,076.2
SKY Perfect JSAT Holdings, Inc.		(112,800	)		(599,126	)		16,179.5
Sosei Group Corp.		(14,700	)		(142,525	)		3,848.9
Sotetsu Holdings, Inc.		(17,500	)		(323,945	)		8,748.2
SRE Holdings Corp.		(22,800	)		(518,557	)		14,003.7
Star Asia Investment Corp.		(72	)		(28,508	)		769.9
Star Micronics Co. Ltd.		(29,200	)		(351,831	)		9,501.2
SUNWELS Co. Ltd.		(8,800	)		(138,745	)		3,746.8
T Hasegawa Co. Ltd.		(500	)		(11,326	)		305.9
Takara Holdings, Inc.		(50,800	)		(433,980	)		11,719.7
Tama Home Co. Ltd.		(43,600	)		(1,212,661	)		32,748.1
Tocalo Co. Ltd.		(37,500	)		(402,615	)		10,872.7
Toei Animation Co. Ltd.		(2,000	)		(270,096	)		7,294.0
Tokyo Kiraboshi Financial Group, Inc.		(22,500	)		(664,255	)		17,938.3
Tokyo Steel Manufacturing Co. Ltd.		(51,300	)		(625,669	)		16,896.3
Toyo Gosei Co. Ltd.		(4,100	)		(241,974	)		6,534.5
Tri Chemical Laboratories, Inc.		(17,600	)		(438,258	)		11,835.2
TRYT, Inc.		(78,300	)		(325,543	)		8,791.3
Valqua Ltd.		(2,700	)		(82,850	)		2,237.4
Workman Co. Ltd.		(83,000	)		(2,393,309	)		64,631.6
W-Scope Corp.		(16,600	)		(86,685	)		2,340.9
YA-MAN Ltd.		(40,400	)		(280,211	)		7,567.1
Yodogawa Steel Works Ltd.		(9,600	)		(255,336	)		6,895.4
Yonex Co. Ltd.		(39,400	)		(323,485	)		8,735.8
					(39,020,617	)
Luxembourg
Suse S.A		(772	)		(9,086	)		245.4

S C H E D U L E  O F   I N V E S T M E N T S 84

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
Netherlands
Alfen NV		(611	)	$	(37,449	)		1,011.3	%
AMG Critical Materials NV		(17,441	)		(375,391	)		10,137.5
Corbion NV, Class C		(7,583	)		(148,846	)		4,019.6
Flow Traders Ltd.		(7,368	)		(134,184	)		3,623.7
TKH Group NV		(7,116	)		(290,360	)		7,841.2
					(986,230	)
New Zealand
Ryman Healthcare Ltd.		(192,606	)		(678,336	)		18,318.6
Norway
MPC Container Ships ASA		(376,863	)		(574,438	)		15,512.8
Portugal
Greenvolt-Energias Renovaveis SA		(75,729	)		(661,872	)		17,873.9
Puerto Rico
Liberty Latin America Ltd., Class C		(12,275	)		(87,398	)		2,360.2
Singapore
AEM Holdings Ltd.		(22,600	)		(45,280	)		1,222.8
Kenon Holdings Ltd./Singapore		(2,320	)		(55,627	)		1,502.2
SATS Ltd.		(115,200	)		(236,699	)		6,392.1
					(337,606	)
Spain
Faes Farma SA		(22,958	)		(76,489	)		2,065.6
Sacyr SA		(77,526	)		(259,110	)		6,997.3
Vidrala SA		(7,478	)		(759,410	)		20,508.0
Viscofan SA		(6,150	)		(365,020	)		9,857.4
					(1,460,029	)
Sweden
Addnode Group AB, Class B		(6,319	)		(57,016	)		1,539.7
Dometic Group AB		(77,189	)		(619,476	)		16,729.0
Hexatronic Group AB		(47,467	)		(100,431	)		2,712.1
Hms Networks Ab		(2,455	)		(108,956	)		2,942.4
Paradox Interactive AB		(7,568	)		(149,493	)		4,037.1
Stillfront Group AB		(27,180	)		(28,404	)		767.1
					(1,063,776	)
Switzerland
Garrett Motion, Inc.		(22,953	)		(197,166	)		5,324.5
United Kingdom
Auction Technology Group PLC		(370	)		(2,565	)		69.3
Global Ship Lease, Inc., Class A		(7,512	)		(160,907	)		4,345.3
Ibstock PLC		(24,621	)		(48,058	)		1,297.8
Moonpig Group PLC		(13,438	)		(28,554	)		771.1
Next 15 Group PLC		(2,192	)		(25,516	)		689.1
Renishaw PLC		(3,774	)		(167,641	)		4,527.2
Softcat PLC		(1,893	)		(34,827	)		940.5
Trainline PLC		(18,358	)		(77,180	)		2,084.2
Victrex PLC		(15,519	)		(269,267	)		7,271.6
					(814,515	)
United States
Adeia, Inc.		(6,895	)		(83,705	)		2,260.5
ADTRAN Holdings, Inc.		(19,739	)		(123,665	)		3,339.6
Aehr Test Systems		(15,947	)		(236,813	)		6,395.2
AerSale Corp.		(17,851	)		(166,014	)		4,483.2
Agiliti, Inc.		(1,533	)		(10,869	)		293.5
Altair Engineering, Inc., Class A		(3,978	)		(338,210	)		9,133.4
AMC Networks, Inc., Class A		(2,344	)		(42,403	)		1,145.1
America’s Car-Mart, Inc.		(216	)		(13,152	)		355.2

Security	Shares			Value			% of Basket Value
United States (continued)
Anterix, Inc.		(6,321	)	$	(188,492	)		5,090.3	%
Apollo Commercial Real Estate Finance, Inc.		(16,952	)		(189,184	)		5,108.9
Applied Digital Corp.		(98,622	)		(506,917	)		13,689.4
Ares Commercial Real Estate Corp.		(15,736	)		(149,649	)		4,041.3
Artesian Resources Corp., Class A		(4,121	)		(150,417	)		4,062.0
Assured Guaranty Ltd.		(6,047	)		(490,593	)		13,248.5
Astronics Corp.		(4,657	)		(78,750	)		2,126.7
Atlas Energy Solutions, Inc.		(4,512	)		(78,373	)		2,116.5
Atrion Corp.		(57	)		(19,380	)		523.4
Balchem Corp.		(6,271	)		(878,943	)		23,736.0
Bank First Corp.		(522	)		(44,078	)		1,190.3
BGC Group, Inc., Class A		(175,323	)		(1,237,780	)		33,426.4
Bloomin’ Brands, Inc.		(12,254	)		(326,202	)		8,809.1
Boston Omaha Corp., Class A		(13,322	)		(206,358	)		5,572.7
BRP Group, Inc., Class A		(72,002	)		(1,615,725	)		43,632.9
Burford Capital Ltd.		(17,403	)		(261,741	)		7,068.4
California Water Service Group		(20,204	)		(914,635	)		24,699.8
Cambridge Bancorp		(5,950	)		(408,111	)		11,021.1
Casella Waste Systems, Inc., Class A		(14,548	)		(1,241,526	)		33,527.6
Cass Information Systems, Inc.		(1,724	)		(74,408	)		2,009.4
Cathay General Bancorp		(30,475	)		(1,254,656	)		33,882.2
CCC Intelligent Solutions Holdings, Inc.		(1,111	)		(12,210	)		329.7
Centrus Energy Corp., Class A		(4,378	)		(219,863	)		5,937.4
Certara, Inc.		(52,989	)		(856,302	)		23,124.5
Claros Mortgage Trust, Inc.		(4,808	)		(56,446	)		1,524.3
Cleanspark, Inc.		(48,911	)		(393,734	)		10,632.8
Clearfield, Inc.		(33,942	)		(854,999	)		23,089.4
CNB Financial Corp.		(852	)		(18,190	)		491.2
Coastal Financial Corp.		(7,689	)		(306,791	)		8,284.9
Collegium Pharmaceutical, Inc.		(30,497	)		(1,005,181	)		27,145.0
Columbia Financial, Inc.		(14,006	)		(251,828	)		6,800.6
Conduent, Inc.		(15,440	)		(55,584	)		1,501.1
Consensus Cloud Solutions, Inc.		(19,826	)		(431,017	)		11,639.7
Crescent Energy Co., Class A		(38,441	)		(424,773	)		11,471.1
CTS Corp.		(16,791	)		(689,439	)		18,618.4
Cytek Biosciences, Inc.		(7,602	)		(57,395	)		1,550.0
Definitive Healthcare Corp., Class A		(21,764	)		(184,994	)		4,995.8
Diamond Hill Investment Group, Inc., Class A		(189	)		(30,151	)		814.2
DiamondRock Hospitality Co.		(77,031	)		(704,063	)		19,013.3
Dine Brands Global, Inc.		(12,616	)		(588,536	)		15,893.5
Distribution Solutions Group, Inc.		(7,559	)		(241,283	)		6,515.9
DocGo, Inc.		(10,499	)		(38,846	)		1,049.0
Domo, Inc., Class B		(10,276	)		(111,700	)		3,016.5
Dorman Products, Inc.		(9,224	)		(750,926	)		20,278.9
Easterly Government Properties, Inc.		(13,637	)		(167,462	)		4,522.3
Eastman Kodak Co.		(126,890	)		(437,771	)		11,822.1
Ecovyst, Inc.		(43,367	)		(401,578	)		10,844.7
Embecta Corp.		(28,870	)		(494,832	)		13,363.0
Encore Capital Group, Inc.		(2,151	)		(107,722	)		2,909.0
Enfusion, Inc., Class A		(50,983	)		(402,766	)		10,876.7
Enhabit, Inc.		(7,025	)		(70,882	)		1,914.2
Enpro, Inc.		(1,307	)		(195,240	)		5,272.5
European Wax Center, Inc., Class A		(55,218	)		(819,435	)		22,129.0
Evolus, Inc.		(14,239	)		(180,693	)		4,879.6
Excelerate Energy, Inc., Class A		(29,653	)		(454,284	)		12,268.0
F&G Annuities & Life, Inc.		(6,009	)		(269,444	)		7,276.4
Farmland Partners, Inc.		(13,496	)		(151,425	)		4,089.3
First Advantage Corp.		(10,023	)		(164,077	)		4,430.9
First Bancorp/Southern Pines NC		(1,498	)		(51,771	)		1,398.1
First Bancshares, Inc.		(7,058	)		(179,485	)		4,847.0
First Commonwealth Financial Corp.		(78,131	)		(1,094,615	)		29,560.2

85  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund  

Security	Shares			Value			% of Basket Value
United States (continued)
First Community Bankshares, Inc.		(2,811	)	$	(96,361	)		2,602.2	%
First Merchants Corp.		(973	)		(32,897	)		888.4
Four Corners Property Trust, Inc.		(1,247	)		(29,192	)		788.3
GCM Grosvenor, Inc., Class A		(3,591	)		(31,206	)		842.7
GEO Group, Inc.		(11,978	)		(133,195	)		3,596.9
German American Bancorp, Inc.		(2,856	)		(94,619	)		2,555.2
Gladstone Land Corp.		(15,931	)		(225,583	)		6,091.9
Global Medical REIT, Inc.		(8,891	)		(89,888	)		2,427.4
Great Southern Bancorp, Inc.		(2,853	)		(148,613	)		4,013.3
Grid Dynamics Holdings, Inc., Class A		(25,156	)		(328,286	)		8,865.4
Harrow, Inc.		(1,681	)		(16,020	)		432.6
Haynes International, Inc.		(5,415	)		(301,453	)		8,140.8
HighPeak Energy, Inc.		(5,280	)		(72,072	)		1,946.3
Hillman Solutions Corp.		(85,820	)		(754,358	)		20,371.5
Hilltop Holdings, Inc.		(14,040	)		(442,120	)		11,939.5
Home BancShares, Inc.		(12,008	)		(281,468	)		7,601.1
Ichor Holdings Ltd.		(6,049	)		(218,974	)		5,913.4
International Bancshares Corp.		(15,655	)		(827,523	)		22,347.4
Intrepid Potash, Inc.		(1,349	)		(24,822	)		670.3
iRhythm Technologies, Inc.		(3,904	)		(467,621	)		12,628.2
Jack in the Box, Inc.		(12,883	)		(1,004,488	)		27,126.3
Jackson Financial, Inc., Class A		(5,949	)		(297,866	)		8,043.9
John Bean Technologies Corp.		(3,317	)		(327,587	)		8,846.5
Leslie’s, Inc.		(63,310	)		(424,810	)		11,472.1
Liberty Media Corp.-Liberty Live, Class C		(11,622	)		(433,152	)		11,697.3
Life Time Group Holdings, Inc.		(8,701	)		(115,723	)		3,125.1
Lightwave Logic, Inc.		(6,477	)		(27,916	)		753.9
Lindblad Expeditions Holdings, Inc.		(18,520	)		(171,125	)		4,621.3
Madison Square Garden Entertainment Corp.		(411	)		(13,703	)		370.1
Maravai LifeSciences Holdings, Inc., Class A		(41,632	)		(241,466	)		6,520.8
MaxCyte, Inc.		(13,154	)		(66,954	)		1,808.1
MediaAlpha, Inc., Class A		(10,851	)		(138,350	)		3,736.2
MeridianLink, Inc.		(8,513	)		(193,671	)		5,230.1
Mesa Laboratories, Inc.		(3,549	)		(325,159	)		8,781.0
Middlesex Water Co.		(8,242	)		(461,305	)		12,457.6
Mirion Technologies, Inc., Class A		(58,277	)		(550,718	)		14,872.2
Mission Produce, Inc.		(1,078	)		(10,769	)		290.8
Montauk Renewables, Inc.		(13,135	)		(90,763	)		2,451.1
Movado Group, Inc.		(19,107	)		(526,971	)		14,230.9
National Bank Holdings Corp., Class A		(25,386	)		(888,510	)		23,994.3
National Cinemedia, Inc.		(5,422	)		(22,176	)		598.9
National Health Investors, Inc.		(4,917	)		(261,486	)		7,061.5
National Presto Industries, Inc.		(715	)		(56,607	)		1,528.7
Navient Corp.		(6,464	)		(111,310	)		3,005.9
NBT Bancorp, Inc.		(32,066	)		(1,140,588	)		30,801.7
nCino, Inc.		(12,429	)		(391,265	)		10,566.2
NeoGenomics, Inc.		(5,257	)		(78,066	)		2,108.2
New York Mortgage Trust, Inc.		(22,209	)		(174,119	)		4,702.1
Nicolet Bankshares, Inc.		(1,982	)		(154,140	)		4,162.6
nLight, Inc.		(14,283	)		(185,393	)		5,006.6
Northern Oil and Gas, Inc.		(20,804	)		(696,934	)		18,820.8
One Liberty Properties, Inc.		(1,555	)		(31,473	)		849.9
OneWater Marine, Inc., Class A		(17,504	)		(441,626	)		11,926.2
Origin Bancorp, Inc.		(10,882	)		(331,901	)		8,963.0
OrthoPediatrics Corp.		(6,197	)		(161,866	)		4,371.2
Papa John’s International, Inc.		(10,086	)		(741,119	)		20,014.0
Paragon 28, Inc.		(4,122	)		(52,267	)		1,411.5
Park National Corp.		(1,824	)		(238,360	)		6,436.9
Peapack-Gladstone Financial Corp.		(3,947	)		(108,858	)		2,939.7
Peoples Bancorp, Inc.		(12,379	)		(362,705	)		9,794.9

Security	Shares			Value			% of Basket Value
United States (continued)
Phillips Edison & Co., Inc.		(15,903	)	$	(551,993	)		14,906.6	%
Phinia, Inc.		(7,688	)		(232,485	)		6,278.3
Piedmont Lithium, Inc.		(7,623	)		(116,479	)		3,145.5
Pitney Bowes, Inc.		(13,419	)		(55,152	)		1,489.4
Powell Industries, Inc.		(6,696	)		(793,677	)		21,433.4
Preformed Line Products Co.		(361	)		(44,132	)		1,191.8
ProAssurance Corp.		(6,726	)		(90,532	)		2,444.8
RCI Hospitality Holdings, Inc.		(12,152	)		(750,508	)		20,267.6
Ready Capital Corp.		(103,747	)		(972,109	)		26,251.9
REC Silicon ASA		(77,450	)		(91,928	)		2,482.5
Retail Opportunity Investments Corp.		(25,733	)		(349,712	)		9,444.0
Rocket Lab USA, Inc., Class A		(81,700	)		(396,245	)		10,700.6
S&T Bancorp, Inc.		(14,058	)		(468,694	)		12,657.1
Seacoast Banking Corp. of Florida		(5,314	)		(130,512	)		3,524.5
Sensient Technologies Corp.		(5,365	)		(332,791	)		8,987.1
Service Properties Trust		(5,833	)		(45,089	)		1,217.6
Shenandoah Telecommunications Co.		(5,212	)		(106,794	)		2,884.0
Simply Good Foods Co.		(38,105	)		(1,440,369	)		38,897.4
Six Flags Entertainment Corp.		(29,652	)		(747,527	)		20,187.1
Solo Brands, Inc., Class A		(5,024	)		(14,017	)		378.5
Sotera Health Co.		(10,010	)		(147,347	)		3,979.1
Southern Missouri Bancorp, Inc.		(542	)		(23,637	)		638.3
Stellar Bancorp, Inc.		(5,753	)		(143,998	)		3,888.7
Stepan Co.		(1,258	)		(112,302	)		3,032.7
StepStone Group, Inc., Class A		(36,035	)		(1,205,371	)		32,551.2
Stericycle, Inc.		(2,299	)		(110,352	)		2,980.1
Sterling Check Corp.		(17,269	)		(235,549	)		6,361.0
Steven Madden Ltd.		(37,118	)		(1,554,502	)		41,979.5
Sun Country Airlines Holdings, Inc.		(9,804	)		(133,432	)		3,603.3
SunCoke Energy, Inc.		(16,075	)		(164,769	)		4,449.6
Tarsus Pharmaceuticals, Inc.		(9,360	)		(254,966	)		6,885.4
Tidewater, Inc.		(12,465	)		(837,523	)		22,617.4
TimkenSteel Corp.		(4,509	)		(92,660	)		2,502.3
Towne Bank		(7,567	)		(212,708	)		5,744.2
Transcat, Inc.		(562	)		(61,843	)		1,670.1
TransMedics Group, Inc.		(4,533	)		(388,795	)		10,499.5
TreeHouse Foods, Inc.		(18,014	)		(758,389	)		20,480.4
Triumph Financial, Inc.		(1,268	)		(89,584	)		2,419.2
Triumph Group, Inc.		(44,668	)		(723,622	)		19,541.5
UFP Technologies, Inc.		(1,479	)		(249,226	)		6,730.4
United Community Banks, Inc.		(12,823	)		(350,581	)		9,467.5
Uniti Group, Inc.		(102,867	)		(541,080	)		14,611.9
Vista Outdoor, Inc.		(27,149	)		(762,072	)		20,579.9
WaFd, Inc.		(3,444	)		(100,014	)		2,700.9
Westrock Coffee Co.		(12,232	)		(126,724	)		3,422.2
White Mountains Insurance Group Ltd.		(455	)		(717,066	)		19,364.5
XPEL, Inc.		(7,043	)		(376,448	)		10,166.0
York Water Co.		(7,033	)		(252,344	)		6,814.6
					(60,385,667	)
Investment Companies
Luxembourg
BBGI Global Infrastructure SA		(207,881	)		(345,513	)		9,330.6
Rights
Spain
Sacyr SA, (Expires 02/09/24)		(77,526	)		(5,240	)		141.5
Total Reference Entity — Short					(123,148,638	)
Net Value of Reference Entity — UBS AG				$	(3,703	)

S C H E D U L E  O F   I N V E S T M E N T S 86

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

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); and

• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1			Level 2			Level 3		Total
Assets
Investments
Long-Term Investments
Common Stocks	$	84,080,707		$	—		$	—	$	84,080,707
Preferred Securities
Preferred Stocks		—			—			4,891,338		4,891,338
U.S. Government Sponsored Agency Securities		—			2,960,993			—		2,960,993
U.S. Treasury Obligations		—			11,271,117			—		11,271,117
Short-Term Securities
Money Market Funds		6,471,362			—			—		6,471,362
U.S. Treasury Obligations		—			1,085,358,429			—		1,085,358,429
	$	90,552,069		$	1,099,590,539		$	4,891,338	$	1,195,033,946
Derivative Financial Instruments(a)
Assets
Equity Contracts	$	347,700		$	12,713,478		$	—	$	13,061,178
Interest Rate Contracts		—			916,711			—		916,711
Liabilities
Equity Contracts		(705,947	)		(3,914,138	)		—		(4,620,085	)
Interest Rate Contracts		—			(38,528	)		—		(38,528	)
	$	(358,247	)	$	9,677,523		$	—	$	9,319,276

^(a)  Derivative financial instruments are swaps and futures contracts. Swaps and futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Currency Abbreviation
EUR	Euro
GBP	British Pound
JPY	Japanese Yen

Currency Abbreviation (continued)
USD	United States Dollar

87  

Schedule of Investments (unaudited) (continued) January 31, 2024 BlackRock Global Equity Market Neutral Fund

Portfolio Abbreviation
ADR	American Depositary Receipt
AGC	Assured Guaranty Corp.
AMBAC	AMBAC Assurance Corp.
ARB	Airport Revenue Bonds
BAM	Build America Mutual Assurance Co.
CDI	CREST Depository Interest
CJSC	Closed Joint Stock Company
CVA	Certificaten Van Aandelen (Dutch Certificate)
DIP	Debtor-In-Possession
ETF	Exchange-Traded Fund
FTSE	Financial Times Stock Exchange
MSCI	Morgan Stanley Capital International
PJSC	Public Joint Stock Company
RB	Revenue Bond
REIT	Real Estate Investment Trust
S&P	Standard & Poor’s
SCA	Societe en Commandite par Actions
SG	Syncora Guarantee
ST	Special Tax
THOR	Thai Overnight Repurchase Rate
UT	Unlimited Tax

S C H E D U L E  O F   I N V E S T M E N T S 88