Company: BCAT
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001193125-25-196039
Chunk: 11

Company: BlackRock Capital Allocation Term Trust
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 11
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as SA              | 12/20/29        | B               | EUR                     | 662 | 101,525 |                       82,778 |                               18,747 |

Consolidated Schedule of Investments 35

Consolidated Schedule of Investments (unaudited) (continued) June 30, 2025 BlackRock Capital Allocation Term Trust (BCAT)

OTC Credit Default Swaps — Sell Protection (continued)

| Reference Obligation/Index    | FinancingRate Receivedby the Trust | PaymentFrequency | Counterparty             | TerminationDate | CreditRating(a) | NotionalAmount (000)(b) |    |    Value | UpfrontPremiumPaid(Received) | UnrealizedAppreciation(Depreciation) |
| Vistra Operations Company LLC |                              5.00% | Quarterly        | Citibank N.A.            | 12/20/29        | BB+             | USD                     | 80 |  $14,201 |                      $12,954 |                               $1,247 |
| Eutelsat S.A.                 |                               5.00 | Quarterly        | JPMorgan Chase Bank N.A. | 06/20/30        | B               | EUR                     | 89 |    9,923 |                        2,881 |                                7,042 |
|                               |                                    |                  |                          |                 |                 |                         |    | $103,693 |                      $51,233 |                              $52,460 |

| (a) | Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.              |
| (b) | The maximum potential amount the Trust may pay should a negative credit event take place as defined under the terms of the agreement. |

OTC Interest Rate Swaps

| Paid by the                        
 Trust                              |                | Received by the 
 Trust           |                |                                       |               |                 |                      |         |              |                              |                                      |
| Rate                               | Frequency      | Rate            | Frequency      | Counterparty                          | EffectiveDate | TerminationDate | NotionalAmount (000) |         |        Value | UpfrontPremiumPaid(Received) | UnrealizedAppreciation(Depreciation) |
| China Fixing RepoRates 7-day,1.95% | Quarterly      | 2.60%           | Quarterly      | Morgan Stanley & Co.International PLC | N/A           | 09/