# EDGAR Filing Document

**Accession Number:** 0001738078
**File Stem:** 0001968732-25-000052
**Filing Date:** 2025-6
**Character Count:** 26659
**Document Hash:** 63378f8efca83476d434865892b3b1e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001968732-25-000052.hdr.sgml**: 20250605

**ACCESSION NUMBER**: 0001968732-25-000052

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250605

**DATE AS OF CHANGE**: 20250605

**EFFECTIVENESS DATE**: 20250605

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Funds V
- **CENTRAL INDEX KEY:** 0001738078

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23339
- **FILM NUMBER:** 251026242

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### BlackRock Income Fund (Series ID: S000062356)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202256 | Investor A Shares    |  |
| C000202257 | Investor C Shares    |  |
| C000202258 | Institutional Shares |  |
| C000202259 | Class K Shares       |  |

### BlackRock High Yield Portfolio (Series ID: S000062360)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202273 | Service Shares       |  |
| C000202275 | Investor A Shares    |  |
| C000202276 | Investor C Shares    |  |
| C000202277 | Institutional Shares |  |
| C000202278 | Class R Shares       |  |
| C000202279 | Class K Shares       |  |

### BlackRock Low Duration Bond Portfolio (Series ID: S000062361)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202280 | Investor A Shares    |  |
| C000202281 | Investor C Shares    |  |
| C000202282 | Institutional Shares |  |
| C000202283 | Class R Shares       |  |
| C000202284 | Class K Shares       |  |
| C000202286 | Investor A1 Shares   |  |

### BlackRock Core Bond Portfolio (Series ID: S000062362)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202289 | Investor A Shares    |  |
| C000202290 | Investor C Shares    |  |
| C000202291 | Institutional Shares |  |
| C000202292 | Class R Shares       |  |
| C000202293 | Class K Shares       |  |

### BlackRock Mortgage-Backed Securities Fund (Series ID: S000062363)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202295 | Investor A Shares    |  |
| C000202296 | Investor C Shares    |  |
| C000202297 | Institutional Shares |  |
| C000202298 | Class K Shares       |  |

### BlackRock Impact Mortgage Fund (Series ID: S000062364)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202301 | Investor A Shares    |  |
| C000202302 | Investor C Shares    |  |
| C000202303 | Institutional Shares |  |
| C000202304 | Class R Shares       |  |
| C000202305 | Class K Shares       |  |

### BlackRock Sustainable High Yield Bond Fund (Series ID: S000072568)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000228901 | Investor A    |  |
| C000228902 | Institutional |  |
| C000228903 | Class K       |  |

# 2025 Rule of ~~Security~~ L, 2025

## Asset-Backed **Schedules** of
AGL CLO 11 Ltd., Seville, 12000
(3-mo. CME Terminal, 12000, 3.41%), 7.71%, 0.00%
AGL CLO 12 Ltd., Seville, 12000

(3-mo. CME Terminal 2.11%), 6.40%, 0.00%,
AGL CLO 34 Ltd., Sce
(3-mo. CME Terminal 1.34%), 5.74%, 0.00%
AGL CLO 37 Ltd., Sce
(3-mo. CME Terminal 1.24%), 5.54%, 0.00%
AIMCO CLO 11 Ltd.,

# AIRCRAFT SERVICE

Series 2020-11A, 11th
Term SOFR at 12:00
5.64%, 07/17/2020
Series 2020-11A, 11th
Term SOFR at 12:00
6.20%, 07/17/2020
AIMCO CLO 14 Ltd.
A, (3-mo. CME Term)
1.25%), 5.54%, 07/17/2020

1.25%), 5.54%, 0.00%.
AIMCO CLO 15 Ltd.
D1R, (3-mo. CME Term 18A + 2.75%), 7.05%, 0.00%.
Anchorage Capital City
18A, Class C, (3-mo. CME Term 18A + 0.00% Floor + 2.5%), 7.05%.
Apidos CLO XXII, Seaboard (3-mo. CME Term 18A + 0.00%

1.32%), 5.61%, 0.00%
Apidos CLO XXIX, S. 100%
(3-mo. CME Term 1.41%), 2.16%), 6.46%, 0.00%
Apidos CLO XXXIII, S. 100%
(3-mo. CME Term 1.41%), 5.71%, 1.00%
Apidos CLO XXXVIII, S. 100%
A, (3-mo. CME Term 1.41%)

1.39%), 5.68%, 11/15/37 (4 min, 10 seconds)
Arbour CLO VI DAC (3-mo. EURIBORO)
5.76%, 11/15/37 (4 min, 10 seconds)
Ares Loan Funding Index
Class A1, (3-mo. EURIBORO)
Floor + 1.75%), 6.75% (10 min, 10 seconds)
Ballyrock CLO 14 Ltd. (3-mo. EURIBORO)
A1AR, (3-mo. CMP)

A1AR, (3-mo. CME, 100% Floor + 1.38%), 5.81%,
Ballyrock CLO 16 Lt (3-mo. CME, 100% + 1.15%), 5.40%,
A1R, (3-mo. CME, 100% + 1.15%), 5.81%,
Ballyrock CLO 26 Lt (3-mo. CME, 100% + 1.51%), 5.81%,
A1A, (3-mo. CME, 100% + 1.51%), 5.81%,

A1A, (3-mo. CME + 1.35%), 6.21%, 1.35%

Bear Stearns Asset-Series 2007-HE5

Term SOFR at 0.1% 06/25/47(a) . . . .

Benefit Street Partnership

10A, Class BRR, 2.15% Floor + 2.4%

------

# 2015-2025 Rule of ~~Courts~~

## Security

L, 2025

## Asset-Backed Services

2015-2025

Series 2015-4A, 04/20/2015

Term SOFR at 2015-2025

5.62%, 04/20/2015

Series 2021-7A, 04/20/2021

SOFR at 1.139
01/23/35 . . .
Series 2024-3A, C
SOFR at 1.489
07/21/37 . . .
Series 2024-3A, C
SOFR at 1.859
07/21/37 . . .

Clover CLO LLC(a)(b)

# 1.000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

Series 2018-1A, 04/20/2018

Term SOFR at 1.750, 04/20/2018

Series 2018-1A, 04/20/2018

Term SOFR at 1.750, 04/20/2018

6.74%, 04/20/2018

Series 2021-2A, 04/20/2021

SOFR at 1.750, 04/20/2021

07/20/24

07/20/34 . . .

Series 2021-2A, (3-mo)

SOFR at 3.05%

07/20/34 . . .

Diameter Capital CL

Class A1R, (3-mo)

Floor + 1.33%), 50%

Diameter Capital CL

Class A1A, (3-mo)

Floor + 1.48%), 5.70%

Diameter Capital CLC

Class A, (3-mo. CME)

Floor + 1.17%), 5.70%

Dryden 77 CLO Ltd.

AR, (3-mo. CME)

1.38%), 5.70%, 0.00%

Dryden XXVI Senior

26A, Class CR, (1

0.00% Floor + 2.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

A, (3 mo. CME 1.80%), 6.11%, 0

Elmwood CLO 26 Lt

A1, (3-mo. CME 1.50%), 5.79%, 0

Elmwood CLO II Ltd

A1RR, (3-mo. CME Floor + 1.35%), 5

Elmwood CLO VII Lt

A1RR, (3-mo. CME

A1RR, (3-mo. CME)
Floor + 1.36%, 5.00%
Elmwood CLO XII Lt
BR, (3-mo. CME)
1.70%, 6.00%, 1.00%
Fidelity Grand Harbor
1X, Class D, (3-mo. CME)
+ 3.60%, 6.38%,

------

# 2025 Rule of ~~Security~~

L, 2025

Building Products - SCHEDULES OF AZEK Group LLC (T-1000) (1-mo. CME Term 2.00%), 6.32%, 0.00% AZZ, Inc., 1st Lien Term, Term SOEP at 0.00%

Term SOFR at 0.00
6.82%, 05/14/29
Chariot Buyer LLC, 1st
CME Term SOFR
7.67%, 11/03/28
CP Iris Holdco I, Inc.
CME Term SOFR
7.82%, 10/02/28
Wilsonart LLC, 1st LLC

CME Term SOFRES
8.55%, 08/05/31

Capital Markets -
Ardonagh Group Financial
Term Loan B, 02/01/01
Aretec Group, Inc., 100
(1-mo. CME Term

ID-38559
7.82%, 0.00%, and 3.50%, 7.82%, and 3.50%, 3.50%, and 3.50%, and Ascensus Group House, 100% of the Land, 100% of the Land, and 100% of the Land Loan B, (1-mo. CIMB, 100% of the Land, and 100% of the Floor + 3.00%), 7.82%, 0.00%, and 3.50%, 7.82%, and Axalta Coating System, 100% of the Land, and 100% of the Land Facility, and 100% of the Facility 1st Lien Term, 100% of the Land, and 100% of the Land, 100% of the CME Term SOPR, 100% of the Land, 100% of the 6.05%, 12/20/29.

Azalea Topco, Inc., 1
CME Term SOFRES
7.57%, 04/30/31
BCPE Pequod Buyer
(3-mo. CME Term
3.50%), 7.79%, 1/1/31
Edelman Financial E
1st Lien Term Loan
at 0.00% Floor

at 0.00% Flour + 0.00% Flour + 0.00%, Focus Financial Part 2017, Loan, (1-mo. CME Term 2017 + 0.00%), 7.57%, 1-mo. CME Term 2017, 2.00%, 6.31%, 1-mo. CME Term 2017, 2.00%, 6.31%, 1-mo. CME Term 2017, 2.00% Jafferies Finance LLC, (1-mo. CME Term 2017 + 0.00%), 7.57%, 1-mo. CME Term 2017,

3.00%), 7.32%, 10.00%

NGP XI Midstream Health Plan

Loan, (3-mo. CME Term 3.50%), 7.80%, 10.00%

Osaic Holdings, Inc. (1-mo. CME Term 3.50%), 7.82%, 0.00%

OVG Business Services

Loan, (1-mo. CMI + 3.00%), 7.32%,

------

# 2025 Rule of Security L, 2025

## Commercial Services 2025 Action Environmental Term Loan, (1-mo, Floor + 3.75%), 80% Allied Universal Holding (1 mo, CME Term

(1-mo. CME Term 3.75%), 8.17%, 0.00% (1-mo. CME Term 3.75%), 8.17%, 0.00% (1-mo. CME Term 2.00%), 6.32%, 0.00% (1-mo. CME Term 2.00%), 6.32%, 0.00% (1-mo. CME Term 2.00%), 6.32%, 0.00% (1-mo. CME Term 2.00%), 6.32%, 0.00% (1-mo. CME Asplundh Tree Expected

09/06/27(n) . . . .

Citrin Cooperman Acct. 100000000000000000000000000000000000000000000000000000000000000000000000000000000000000

Loan B, (12-mo. 00) 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

Floor + 3.00%), 75% Floor

Clean Harbors, Inc., 10% Floor

CME Term SOFRES 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10

6.07%, 10/10/28

Froneri International

Lunch, Feb. (10)

Loan B4, (12-mo. CME Term 3.00%, Floor + 2.00%), 6-Monthly Garda World Security, (1-mo. CME Term 3.00%, 3.00%), 7.32%, 0.00% Grant Thornton Advice, Loan, (3-mo. CME Term 3.00%, + 2.75%), 7.06%, 0.00% JEL-Tiger Acquisition,

1. 1st Lieut. Col. John L. McDonald, Jr., 1st Lieut. Col. John L. McDonald, Jr., 2nd Lieut. Col. John L. McDonald, Jr., 3rd Lieut. Col. John L. McDonald, Jr., 4th Lieut. Col. John L. McDonald, Jr., 5th Lieut. Col. John L. McDonald, Jr., 6th Lieut. Col. John L. McDonald, Jr., 7th Lieut. Col. John L. McDonald, Jr., 8th Lieut. Col. John L. McDonald, Jr., 9th Lieut. Col. John L. McDonald, Jr., 10th Lieut. Col.

(1-mo. CME Term 0.00%, 7.57% Novelis, Inc., 1st Lie, Term SOFR at 0.00% 6.29%, 02/25/32 Prime Security Service, Term Loan B1, (1-00% Floor + 2.00% Prime Security Service)

Prime Security Services
Term Loan B2, (1-10%)
0.00% Floor + 1.75%
Quartz AcquireCo LLC, (3-mo. CME Term Loan)
2.25%, 6.55%, 0.00%
Reworld Holding Company, (1-mo. CME Term Loan)
2.25%, 6.57%, 0.00%

(1-mo. CME Term 2.50%, 6.81%)

Reworld Holding Company

(1-mo. CME Term 2.25%, 6.57%)

(1-mo. CME Term 2.50%, 6.81%)

------

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## Ex-99.Cert

EX-99. CERT

**CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, John M. Perlowski, Chief Executive Officer (principal executive officer) of BlackRock Funds V, certify that:

1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this report on Form N-CSR of BlackRock Funds V;

2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 22, 2025

<u>/s/ John M. Perlowski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

John M. Perlowski

Chief Executive Officer (principal executive officer) of

BlackRock Funds V

EX-99. CERT

**CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Trent Walker, Chief Financial Officer (principal financial officer) of BlackRock Funds V, certify that:

1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this report on Form N-CSR of BlackRock Funds V;

2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

d)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 22, 2025

<u>/s/ Trent Walker &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

Trent Walker

Chief Financial Officer (principal financial officer) of

BlackRock Funds V

## Exhibit 99.906

Exhibit 99.906CERT

**Certification Pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002**

Pursuant to 18 U.S.C. § 1350, the undersigned officer of BlackRock Funds V (the "Registrant"), hereby certifies, to the best of his knowledge, that the Registrant's Report on Form N-CSR for the period ended March 31, 2025 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: May 22, 2025

<u>/s/ John M. Perlowski&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

John M. Perlowski

Chief Executive Officer (principal executive officer) of

BlackRock Funds V

Pursuant to 18 U.S.C. § 1350, the undersigned officer of BlackRock Funds V (the "Registrant"), hereby certifies, to the best of his knowledge, that the Registrant's Report on Form N-CSR for the period ended March 31, 2025 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: May 22, 2025

<u>/s/ Trent Walker &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

Trent Walker

Chief Financial Officer (principal financial officer) of

BlackRock Funds V

This certification is being furnished pursuant to Rule 30a-2(b) under the Investment Company Act of 1940, as amended, and 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR with the Securities and Exchange Commission**.**