# EDGAR Filing Document

**Accession Number:** 0000915092
**File Stem:** 0001752724-23-051643
**Filing Date:** 2023-3
**Character Count:** 311478
**Document Hash:** 9425686a7593a39618b3bd46969ad64d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-051643.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001752724-23-051643

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**EFFECTIVENESS DATE**: 20230310

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MASTER INVESTMENT PORTFOLIO
- **CENTRAL INDEX KEY:** 0000915092
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08162
- **FILM NUMBER:** 23722217

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 617 937 5524

**MAIL ADDRESS:**
- **STREET 1:** 200 CLARENDON STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

## Series and Classes Contracts Data

### Diversified Equity Master Portfolio (Series ID: S000004282)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000012004 | Diversified Equity Master Portfolio |  |

### Money Market Master Portfolio (Series ID: S000004283)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000012005 | Money Market Master Portfolio |  |

### S&amp;P 500 Index Master Portfolio (Series ID: S000004285)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000012007 | S&amp;P 500 Index Master Portfolio |  |

### Treasury Money Market Master Portfolio (Series ID: S000004286)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000012008 | Treasury Money Market Master Portfolio |  |

### U.S. Total Bond Index Master Portfolio (Series ID: S000004287)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000012009 | U.S. Total Bond Index Master Portfolio |  |

### Large Cap Index Master Portfolio (Series ID: S000033023)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000101834 | Large Cap Index Master Portfolio |  |

### Total International ex U.S. Index Master Portfolio (Series ID: S000033771)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000104371 | Total International ex U.S. Index Master Portfolio |  |

### International Tilts Master Portfolio (Series ID: S000043688)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000135466 | International Tilts Master Portfolio |  |

## Internal

## **Report of Independent Registered Public Accounting Firm** 
To the Board of Trustees of Master Investment Portfolio and Investors of Money Market Master Portfolio, Treasury Money Market Master Portfolio and S&P 500 Index Master Portfolio

In planning and performing our audits of the financial statements of Money Market Master Portfolio, Treasury Money Market Master Portfolio and S&P 500 Index Master Portfolio (three of the series constituting Master Investment Portfolio, hereafter collectively referred to as the "Master Portfolios") as of and for the year ended December 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Master Portfolios' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Master Portfolios' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Master Portfolios' internal control over financial reporting.

The management of the Master Portfolios is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed 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. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Master Portfolios' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Master Portfolios' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 2022.

------

This report is intended solely for the information and use of the Board of Trustees of Master Investment Portfolio and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/PricewaterhouseCoopers LLP

Philadelphia, PA

February 14, 2023

## Internal

## **Report of Independent Registered Public Accounting Firm** 
To the Board of Trustees of Master Investment Portfolio and Investors of Diversified Equity Master Portfolio, International Tilts Master Portfolio, Large Cap Index Master Portfolio, Total International ex U.S. Index Master Portfolio and U.S. Total Bond Index Master Portfolio

In planning and performing our audits of the financial statements of Diversified Equity Master Portfolio, International Tilts Master Portfolio, Large Cap Index Master Portfolio, Total International ex U.S. Index Master Portfolio and U.S. Total Bond Index Master Portfolio (five of the series constituting Master Investment Portfolio, hereafter collectively referred to as the "Master Portfolios") as of and for the year ended December 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Master Portfolios' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Master Portfolios' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Master Portfolios' internal control over financial reporting.

The management of the Master Portfolios is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed 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. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Master Portfolios' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Master Portfolios' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 2022.

------

This report is intended solely for the information and use of the Board of Trustees of Master Investment Portfolio and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/PricewaterhouseCoopers LLP

Philadelphia, Pennsylvania

February 23, 2023

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000915092

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000004285

**Series ID Record:2**
- **Series ID:** S000033023

**Series ID Record:3**
- **Series ID:** S000004282

**Series ID Record:4**
- **Series ID:** S000004286

**Series ID Record:5**
- **Series ID:** S000043688

**Series ID Record:6**
- **Series ID:** S000004283

**Series ID Record:7**
- **Series ID:** S000004287

**Series ID Record:8**
- **Series ID:** S000033771

**Class ID Record:1**
- **Class ID:** C000012007

**Class ID Record:2**
- **Class ID:** C000101834

**Class ID Record:3**
- **Class ID:** C000012004

**Class ID Record:4**
- **Class ID:** C000012008

**Class ID Record:5**
- **Class ID:** C000135466

**Class ID Record:6**
- **Class ID:** C000012005

**Class ID Record:7**
- **Class ID:** C000012009

**Class ID Record:8**
- **Class ID:** C000104371

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2022-12-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** Master Investment Portfolio

- **Item B.1.b - Investment Company Act file number:** 811-08162

- **Item B.1.c - CIK:** 0000915092

- **Item B.1.d - LEI:** 5493004HQXF0DFT60U28

- **Item B.2.a - Street 1:** 100 Bellevue Parkway

- **Item B.2.b - City:** Wilmington

- **Item B.2.c - State:** DE

- **Item B.2.e - Zip Code:** 19809

- **Item B.2.f - Telephone:** 800-441-7762

- **Item B.2.g - Public Website:** www.blackrock.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** BlackRock Fund Advisors

- **b. Street 1:** 400 Howard Street

- **c. City:** San Francisco

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94105

- **g. Telephone number:** 415-670-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as advisor and sub-advisor

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** BlackRock Investments, LLC

- **b. Street 1:** 50 Hudson Yards

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10001

- **g. Telephone number:** 609-282-3046

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as distributor

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** 1 Lincoln Street

- **c. City:** Boston

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02111

- **g. Telephone number:** 617-786-3000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as sub-administrator, accounting agent, transfer agent and custodian

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** BNY Mellon Investment Servicing (US) Inc.

- **b. Street 1:** 301 Bellevue Parkway

- **c. City:** Wilmington

- **d. State, if applicable:** DE

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 19809

- **g. Telephone number:** 302-791-1700

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as transfer agent

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** BlackRock International Limited

- **b. Street 1:** 1 Semple Street

- **c. City:** Edinburgh

- **f. Zip code and zip code extension, or foreign postal code:** EH3 8BL

- **g. Telephone number:** 44 131 472 7200

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as sub-advisor

**Location books Record: 6**

- **a. Name of person (e.g., a custodian of records):** BlackRock Advisors, LLC

- **b. Street 1:** 100 Bellevue Parkway

- **c. City:** Wilmington

- **d. State, if applicable:** DE

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 19809

- **g. Telephone number:** 302-797-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as advisor and administrator

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** BlackRock-advised Funds

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 8

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** No

### Item B.8 - Directors

| Name                  | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|:---|:---|:---|
| Cynthia A. Montgomery | No                      | 811-05178, 811-07171, 811-04612, 811-03091, 811-05742, 811-04282, 811-02405, 811-22061, 811-02661, 811-08797, 811-02809, 811-07899, 811-23402, 811-07885, 811-21763, 811-03189, 811-05723, 811-07332, 811-02354, 811-05576, 811-09637, 811-07177, 811-06669, 811-09651, 811-02739, 811-21759, 811-03290                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Kenneth L. Urish      | No                      | 811-09637, 811-21763, 811-05723, 811-04612, 811-21759, 811-06669, 811-02661, 811-03091, 811-04282, 811-23402, 811-02405, 811-05742, 811-03290, 811-02354, 811-02809, 811-07332, 811-07885, 811-22061, 811-03189, 811-07899, 811-08797, 811-07171, 811-07177, 811-05178, 811-05576, 811-09651, 811-02739                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| John M. Perlowski     | Yes                     | 811-02809, 811-22606, 811-06660, 811-21759, 811-06414, 811-05723, 811-23466, 811-10337, 811-08603, 811-23626, 811-10339, 811-03189, 811-03290, 811-02661, 811-09637, 811-22501, 811-21793, 811-07899, 811-22426, 811-21729, 811-21126, 811-22774, 811-05603, 811-23339, 811-22603, 811-22991, 811-08217, 811-21656, 811-07642, 811-09651, 811-21413, 811-04282, 811-21318, 811-02739, 811-21434, 811-07332, 811-07136, 811-21566, 811-21349, 811-09191, 811-21702, 811-23428, 811-06728, 811-03091, 811-07478, 811-06669, 811-21763, 811-05611, 811-04802, 811-23625, 811-02688, 811-21506, 811-04612, 811-23584, 811-10331, 811-06500, 811-08081, 811-04375, 811-05542, 811-08797, 811-21053, 811-21835, 811-07177, 811-23380, 811-23346, 811-05178, 811-21178, 811-23341, 811-08621, 811-23340, 811-07080, 811-07885, 811-22061, 811-07171, 811-23343, 811-23564, 811-02354, 811-21784, 811-08573, 811-05576, 811-23285, 811-21457, 811-23402, 811-23701, 811-02857, 811-23344, 811-21348, 811-23621, 811-04264, 811-07354, 811-05742, 811-10543, 811-22032, 811-06540, 811-02405, 811-23511, 811-23345, 811-21972, 811-23357 |
| Mark Stalnecker       | No                      | 811-02405, 811-02661, 811-08797, 811-05178, 811-03290, 811-07332, 811-04282, 811-04612, 811-09651, 811-02739, 811-03189, 811-02809, 811-21759, 811-23402, 811-21763, 811-07899, 811-05723, 811-06669, 811-03091, 811-07171, 811-02354, 811-07885, 811-05576, 811-22061, 811-09637, 811-05742, 811-07177                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Susan J. Carter       | No                      | 811-05723, 811-02661, 811-05576, 811-09651, 811-02354, 811-03091, 811-05742, 811-04612, 811-07332, 811-23402, 811-09637, 811-05178, 811-21763, 811-03290, 811-02739, 811-07885, 811-08797, 811-06669, 811-07177, 811-21759, 811-03189, 811-04282, 811-07899, 811-07171, 811-22061, 811-02405, 811-02809                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Donald C. Opatrny     | No                      | 811-09637, 811-02354, 811-03290, 811-05576, 811-07332, 811-04282, 811-02661, 811-21759, 811-07177, 811-07885, 811-05178, 811-03189, 811-05723, 811-22061, 811-02809, 811-06669, 811-05742, 811-02739, 811-02405, 811-04612, 811-07171, 811-07899, 811-08797, 811-09651, 811-23402, 811-03091, 811-21763                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Henry R. Keizer       | No                      | 811-07332, 811-22061, 811-03189, 811-07899, 811-07171, 811-08797, 811-03290, 811-04612, 811-07885, 811-02354, 811-21759, 811-03091, 811-09637, 811-21763, 811-02405, 811-07177, 811-09651, 811-05576, 811-23402, 811-04282, 811-02661, 811-02739, 811-02809, 811-05723, 811-06669, 811-05178, 811-05742                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Joseph P. Platt       | No                      | 811-08797, 811-02354, 811-05742, 811-04612, 811-05723, 811-07885, 811-04282, 811-02739, 811-07177, 811-06669, 811-03091, 811-02405, 811-07171, 811-21759, 811-09651, 811-02809, 811-22061, 811-03189, 811-05178, 811-07899, 811-21763, 811-07332, 811-05576, 811-02661, 811-09637, 811-23402, 811-03290                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Lena G. Goldberg      | No                      | 811-02809, 811-23402, 811-21759, 811-04282, 811-05178, 811-03189, 811-05576, 811-07332, 811-22061, 811-08797, 811-21763, 811-02661, 811-02354, 811-02739, 811-02405, 811-06669, 811-07885, 811-07899, 811-03091, 811-04612, 811-09651, 811-05742, 811-09637, 811-07171, 811-05723, 811-03290, 811-07177                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Claire A. Walton      | No                      | 811-07899, 811-02739, 811-07885, 811-03290, 811-21763, 811-07332, 811-23402, 811-07171, 811-04612, 811-03091, 811-04282, 811-02354, 811-02405, 811-02809, 811-05178, 811-05576, 811-02661, 811-03189, 811-05742, 811-08797, 811-06669, 811-07177, 811-05723, 811-09651, 811-22061, 811-21759, 811-09637                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Collette Chilton      | No                      | 811-09651, 811-21759, 811-02809, 811-22061, 811-04282, 811-05723, 811-07177, 811-03091, 811-08797, 811-07171, 811-02661, 811-23402, 811-02354, 811-07899, 811-02739, 811-07885, 811-03290, 811-21763, 811-02405, 811-05576, 811-06669, 811-05178, 811-05742, 811-03189, 811-04612, 811-09637, 811-07332                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Robert Fairbairn      | Yes                     | 811-21178, 811-06414, 811-04375, 811-03091, 811-04612, 811-21348, 811-23346, 811-21784, 811-21457, 811-23357, 811-02354, 811-07332, 811-22032, 811-07177, 811-07136, 811-07899, 811-23285, 811-07642, 811-04282, 811-02809, 811-05611, 811-23625, 811-23428, 811-08621, 811-22606, 811-05742, 811-23466, 811-09651, 811-21434, 811-23341, 811-06500, 811-23343, 811-23339, 811-21656, 811-10543, 811-22501, 811-21566, 811-02661, 811-09191, 811-23621, 811-07171, 811-21702, 811-06540, 811-07478, 811-07354, 811-10337, 811-05576, 811-09637, 811-21793, 811-21835, 811-07885, 811-08573, 811-23511, 811-21318, 811-10339, 811-21759, 811-22603, 811-05178, 811-21053, 811-23345, 811-21506, 811-05603, 811-21413, 811-08081, 811-23626, 811-21349, 811-05542, 811-02405, 811-04802, 811-02739, 811-23564, 811-23701, 811-21729, 811-06660, 811-03290, 811-22774, 811-22061, 811-22991, 811-07080, 811-21763, 811-08797, 811-23340, 811-02857, 811-22426, 811-04264, 811-23402, 811-02688, 811-05723, 811-06728, 811-23344, 811-21972, 811-21126, 811-08217, 811-06669, 811-08603, 811-10331, 811-03189                       |
| Neil A. Cotty         | No                      | 811-08797, 811-03290, 811-07332, 811-02661, 811-07899, 811-05723, 811-02739, 811-02405, 811-05178, 811-05576, 811-07885, 811-05742, 811-09637, 811-02809, 811-07171, 811-02354, 811-22061, 811-07177, 811-21759, 811-03091, 811-04612, 811-04282, 811-06669, 811-03189, 811-23402, 811-21763, 811-09651                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Charles Park

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** 50 Hudson Yards

- **d. City:** New York

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 10001

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-32252
  - IC-25878

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** BlackRock Investments, LLC

- **ii. SEC file number:** 8-48436

- **iii. CRD number:** 000038642

- **iv. LEI, if any:** 54930061FBHCKXL2G714

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** PricewaterhouseCoopers LLP

- **b. PCAOB Number:** 238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

- **d. State, if applicable:** PA

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - S&P 500 Index Master Portfolio

**Item C.1. Background information.**

- **a. Full Name of the Fund:** S&P 500 Index Master Portfolio

- **b. Series identification number, if any:** S000004285

- **c. LEI:** 5493007HYX7NC9R77G02

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class          | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | S&P 500 Index Master Portfolio | C000012007                                | N/A                          |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** BlackRock Institutional Trust Company, National Association

- **ii. LEI, if any:** 549300RK1FB0VMTPD087

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** BlackRock Fund Advisors

- **ii. LEI, if any:** 549300YOOGP0Y1M95C20

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $223,990,853.76

- **g. Provide the net income from securities lending activities:** $528,367.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 12d1-4 (17 CFR 270.12d1-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** BlackRock Fund Advisors

- **ii. SEC file number:** 801-22609

- **iii. CRD number:** 000105247

- **iv. LEI, if any:** 549300YOOGP0Y1M95C20

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** DE

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US Holdings Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300NF240HXJO7N016

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Euroclear Bank

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 3**

- **i. Full name:** UBS Securities LLC

- **ii. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** BlackRock Advisors, LLC

- **ii. LEI, if any, or other identifying number:** 5493001LN9MRM6A35J74

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** BlackRock Execution Services

- **b. SEC file number:** 8-48719

- **c. CRD number:** 000039438

- **d. LEI, if any:** 549300HFCRQ0NT5KY652

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** BlackRock Investments, LLC

- **b. SEC file number:** 8-48436

- **c. CRD number:** 000038642

- **d. LEI, if any:** 54930061FBHCKXL2G714

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $64,091.26

**Brokers Record: 2**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $68,151.55

**Brokers Record: 3**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $105,824.89

**Brokers Record: 4**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-8177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $25,816.73

**Brokers Record: 5**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $65,530.45

**Brokers Record: 6**

- **i. Full name of broker:** Barclays Capital Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $18,423.96

**Brokers Record: 7**

- **i. Full name of broker:** Wells Fargo Securities, LLC

- **ii. SEC file number:** 8-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $53,666.08

**Brokers Record: 8**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $26,118.96

**Brokers Record: 9**

- **i. Full name of broker:** Cowen and Company, LLC

- **ii. SEC file number:** 8-22522

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** 549300WR155U7DVMIW58

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,403.78

**Brokers Record: 10**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 8-422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $31,533.49

**Aggregate Commission:** $492,784.86

**Item C.17.a. Principal transaction counterparties.**

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $7,653,827,010.90         |
| Goldman Sachs & Co. LLC                              | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $1,872,741.42             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $7,679,528,127.32

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $30,734,685,883.93

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,750,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 2 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 3 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 4 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 5 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 6 Name of institution:** Societe Generale

  - **Line Institutions Record: 7 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 8 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 9 Name of institution:** State Street Bank and Trust Co.

  - **Line Institutions Record: 10 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 11 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 12 Name of institution:** BNP Paribas

  - **Line Institutions Record: 13 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 14 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 15 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 16 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 17 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 18 Name of institution:** Bank of America, N.A.

  - **Line Institutions Record: 19 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 20 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 21 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 22 Name of institution:** Royal Bank of Canada

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                 | SEC File number   |
|:---|:---|
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock U.S. Government Bond V.I. Fund                     | 811-23346         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock Floating Rate Loan ETF                             | 811-23511         |
| BlackRock Total Factor Fund                                  | 811-05742         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock Future Climate and Sustainable Economy ETF         | 811-23402         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Future Health ETF                                  | 811-23402         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock International Fund                                 | 811-08797         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BlackRock Sustainable U.S. Value Equity Fund                 | 811-02661         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock U.S. Government Bond Portfolio                     | 811-23345         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock Sustainable Low Duration Bond Fund                 | 811-23339         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock EuroFund                                           | 811-04612         |
| BlackRock SMID-Cap Growth Equity Fund                        | 811-05742         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock High Yield Municipal Fund                          | 811-02688         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Sustainable Emerging Markets Flexible Bond Fund    | 811-23339         |
| BlackRock Multi-Sector Opportunities Trust                   | 811-23285         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock Multi-Sector Opportunities Trust II                | 811-23357         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock LifePath Index 2025 Fund                           | 811-07332         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock International V.I. Fund                            | 811-03290         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock Sustainable Advantage CoreAlpha Bond Fund          | 811-23341         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock Sustainable Balanced Fund, Inc.                    | 811-02405         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock International Dividend Fund                        | 811-05742         |
| BlackRock Sustainable U.S. Growth Equity Fund                | 811-02661         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock Future Innovators ETF                              | 811-23402         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock International Impact Fund                          | 811-05742         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock Sustainable Emerging Markets Bond Fund             | 811-23339         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock LifePath ESG Index 2025 Fund                       | 811-07332         |
| BlackRock GNMA Portfolio                                     | 811-23339         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock Global Impact Fund                                 | 811-05742         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| BlackRock Global Long/Short Credit Fund                      | 811-23341         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock Short-Term Municipal Fund                          | 811-02688         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock Sustainable International Equity Fund              | 811-02661         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2025 Fund                         | 811-07332         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| Master Total Return Portfolio                                | 811-21434         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock Future Financial and Technology ETF                | 811-23402         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock Sustainable Balanced Portfolio                     | 811-03091         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock Defensive Advantage U.S. Fund                      | 811-05742         |
| BlackRock U.S. Impact Fund                                   | 811-05742         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock Global Equity Absolute Return Fund                 | 811-05742         |
| BlackRock Defensive Advantage International Fund             | 811-05742         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BATS: Series C Portfolio                                     | 811-21457         |
| BlackRock Future Tech ETF                                    | 811-23402         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock High Yield Bond Portfolio                          | 811-23339         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock Infrastructure Sustainable Opportunities Fund      | 811-05742         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - Large Cap Index Master Portfolio

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Large Cap Index Master Portfolio

- **b. Series identification number, if any:** S000033023

- **c. LEI:** 549300LODN9KFGRGI407

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class            | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Large Cap Index Master Portfolio | C000101834                                | N/A                          |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** BlackRock Institutional Trust Company, National Association

- **ii. LEI, if any:** 549300RK1FB0VMTPD087

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** BlackRock Fund Advisors

- **ii. LEI, if any:** 549300YOOGP0Y1M95C20

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $1,900,990,095.73

- **g. Provide the net income from securities lending activities:** $5,296,902.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** BlackRock Fund Advisors

- **ii. SEC file number:** 801-22609

- **iii. CRD number:** 000105247

- **iv. LEI, if any:** 549300YOOGP0Y1M95C20

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** DE

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US Holdings Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300NF240HXJO7N016

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Euroclear Bank

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 3**

- **i. Full name:** UBS Securities LLC

- **ii. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** BlackRock Advisors, LLC

- **ii. LEI, if any, or other identifying number:** 5493001LN9MRM6A35J74

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** BlackRock Investments, LLC

- **b. SEC file number:** 8-48436

- **c. CRD number:** 000038642

- **d. LEI, if any:** 54930061FBHCKXL2G714

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** BlackRock Execution Services

- **b. SEC file number:** 8-48719

- **c. CRD number:** 000039438

- **d. LEI, if any:** 549300HFCRQ0NT5KY652

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $260,218.37

**Brokers Record: 2**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $71,799.22

**Brokers Record: 3**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $100,409.16

**Brokers Record: 4**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $22,941.54

**Brokers Record: 5**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $57,441.25

**Brokers Record: 6**

- **i. Full name of broker:** BNP Paribas Securities Corp.

- **ii. SEC file number:** 8-32682

- **iii. CRD number:** 000015794

- **iv. LEI, if any:** RCNB6OTYUAMMP879YW96

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $46,870.21

**Brokers Record: 7**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $96,449.30

**Brokers Record: 8**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-8177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $82,990.44

**Brokers Record: 9**

- **i. Full name of broker:** Wells Fargo Securities, LLC

- **ii. SEC file number:** 8-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $45,732.24

**Brokers Record: 10**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 8-422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $59,935.11

**Aggregate Commission:** $921,633.13

**Item C.17.a. Principal transaction counterparties.**

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| BofA Securities, Inc.                                | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $36,963,695.34            |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $5,186,256,989.41         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $5,241,320,037.07

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $23,021,348,638.72

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,750,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 2 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 3 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 4 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 5 Name of institution:** BNP Paribas

  - **Line Institutions Record: 6 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 7 Name of institution:** Societe Generale

  - **Line Institutions Record: 8 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 9 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 10 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 11 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 12 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 13 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 14 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 15 Name of institution:** State Street Bank and Trust Co.

  - **Line Institutions Record: 16 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 17 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 18 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 19 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 20 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 21 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 22 Name of institution:** Bank of America, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                 | SEC File number   |
|:---|:---|
| BATS: Series E Portfolio                                     | 811-21457         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock Sustainable International Equity Fund              | 811-02661         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock Future Tech ETF                                    | 811-23402         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock U.S. Government Bond V.I. Fund                     | 811-23346         |
| BlackRock Defensive Advantage U.S. Fund                      | 811-05742         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock Sustainable Emerging Markets Flexible Bond Fund    | 811-23339         |
| BlackRock GNMA Portfolio                                     | 811-23339         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock Short-Term Municipal Fund                          | 811-02688         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock Sustainable Advantage CoreAlpha Bond Fund          | 811-23341         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BATS: Series V Portfolio                                     | 811-21457         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock LifePath Dynamic 2025 Fund                         | 811-07332         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock LifePath ESG Index 2025 Fund                       | 811-07332         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock High Yield Bond Portfolio                          | 811-23339         |
| BlackRock U.S. Government Bond Portfolio                     | 811-23345         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock Defensive Advantage International Fund             | 811-05742         |
| BlackRock Global Long/Short Credit Fund                      | 811-23341         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock U.S. Impact Fund                                   | 811-05742         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Sustainable Balanced Fund, Inc.                    | 811-02405         |
| BlackRock Sustainable U.S. Value Equity Fund                 | 811-02661         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock Floating Rate Loan ETF                             | 811-23511         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock SMID-Cap Growth Equity Fund                        | 811-05742         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock International Dividend Fund                        | 811-05742         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock Sustainable Emerging Markets Bond Fund             | 811-23339         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BATS: Series C Portfolio                                     | 811-21457         |
| BlackRock Multi-Sector Opportunities Trust II                | 811-23357         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock Sustainable Balanced Portfolio                     | 811-03091         |
| BlackRock LifePath Index 2025 Fund                           | 811-07332         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock International Impact Fund                          | 811-05742         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock Future Financial and Technology ETF                | 811-23402         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock Total Factor Fund                                  | 811-05742         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock Future Climate and Sustainable Economy ETF         | 811-23402         |
| BlackRock Future Health ETF                                  | 811-23402         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock Global Equity Absolute Return Fund                 | 811-05742         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock Sustainable Low Duration Bond Fund                 | 811-23339         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Infrastructure Sustainable Opportunities Fund      | 811-05742         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Sustainable U.S. Growth Equity Fund                | 811-02661         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock High Yield Municipal Fund                          | 811-02688         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock Future Innovators ETF                              | 811-23402         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock Global Impact Fund                                 | 811-05742         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| Master Total Return Portfolio                                | 811-21434         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Multi-Sector Opportunities Trust                   | 811-23285         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock EuroFund                                           | 811-04612         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 3 - Diversified Equity Master Portfolio

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Diversified Equity Master Portfolio

- **b. Series identification number, if any:** S000004282

- **c. LEI:** 5493000UDXC9746OE402

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class               | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Diversified Equity Master Portfolio | C000012004                                | N/A                          |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** BlackRock Institutional Trust Company, National Association

- **ii. LEI, if any:** 549300RK1FB0VMTPD087

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** BlackRock Fund Advisors

- **ii. LEI, if any:** 549300YOOGP0Y1M95C20

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $57,493,973.91

- **g. Provide the net income from securities lending activities:** $264,279.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** BlackRock Fund Advisors

- **ii. SEC file number:** 801-22609

- **iii. CRD number:** 000105247

- **iv. LEI, if any:** 549300YOOGP0Y1M95C20

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** DE

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv US Holdings Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300NF240HXJO7N016

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Citibank, National Association (Ciudad Autonoma de Buenos Aires, Ciudad Autonoma de Buenos Aires, AR, Branch)

- **ii. LEI, if any:** 579100KKDGKCFFKKF005

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** Citibank del Peru S.A.

- **ii. LEI, if any:** MYTK5NHHP1G8TVFGT193

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** State Street Trust Company Canada

- **ii. LEI, if any:** 549300L71XG2CTQ2V827

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** Citibank, Anonim Sirketi

- **ii. LEI, if any:** CWZ8NZDH5SKY12Q4US31

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** Skandinaviska Enskilda Banken AB (Oslo, Oslo, NO, Branch)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex

- **ii. LEI, if any:** 2SFFM4FUIE05S37WFU55

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** UBS Securities LLC

- **ii. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 8**

- **i. Full name:** Cititrust Colombia S A Sociedad Fiduciaria

- **ii. LEI, if any:** 549300242J3IJCOSGI49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** Deutsche Bank Aktiengesellschaft (Mumbai, Maharashtra, IN, Branch)

- **ii. LEI, if any:** 7LTWFZYICNSX8D621K86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** Skandinaviska Enskilda Banken A/S

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** Citibank, National Association (Cairo, Cairo, EG, Branch)

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** HSBC Bank Middle East Limited (Doha, Ad Dawhah, QA, Branch)

- **ii. LEI, if any:** 549300F99IL9YJDWH369

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** Skandinaviska Enskilda Banken AB (Helsinki, Uusimaa, FI, Branch)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** First Abu Dhabi Bank P.J.S.C.

- **ii. LEI, if any:** 2138002Y3WMK6RZS8H90

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** Citibank, National Association (Singapore, SG, Branch)

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** HSBC Saudi Arabia

- **ii. LEI, if any:** 558600MV09XWUB38H245

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** Standard Chartered Bank (Hong Kong) Limited

- **ii. LEI, if any:** X5AV1MBDXGRPX5UGMX13

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** Euroclear Bank

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 22**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 23**

- **i. Full name:** Intesa Sanpaolo S.p.A.

- **ii. LEI, if any:** 2W8N8UU78PMDQKZENC08

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** Clearstream Banking S.A.

- **ii. LEI, if any:** 549300OL514RA0SXJJ44

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 25**

- **i. Full name:** Standard Chartered Bank (Jakarta, Jakarta, ID, Branch)

- **ii. LEI, if any:** 254900XJQ7BKPSDXNP74

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 26**

- **i. Full name:** Standard Chartered Bank (Thai) Public Company Limited

- **ii. LEI, if any:** 549300O1LQYCQ7G1IM57

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 27**

- **i. Full name:** Standard Chartered Bank Malaysia Berhad

- **ii. LEI, if any:** 549300JTJBG2QBI8KD48

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 28**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Jung-gu, Seoul, KR, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 29**

- **i. Full name:** Standard Chartered Bank (Taiwan) Limited

- **ii. LEI, if any:** 549300QJEO1B92LSHZ06

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 30**

- **i. Full name:** Credit Suisse (Schweiz) AG

- **ii. LEI, if any:** 549300CWR0W0BCS9Q144

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 31**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 32**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 33**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 34**

- **i. Full name:** First Abu Dhabi Bank P.J.S.C. (Kuwait City, Al Asimah, KW, Branch)

- **ii. LEI, if any:** 2138002Y3WMK6RZS8H90

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 35**

- **i. Full name:** State Street Bank and Trust Company (Edinburgh, GB, Branch)

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 36**

- **i. Full name:** State Street Bank International GmbH

- **ii. LEI, if any:** ZMHGNT7ZPKZ3UFZ8EO46

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 37**

- **i. Full name:** Citibank Europe Public Limited Company (Budapest, HU, Branch)

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 38**

- **i. Full name:** Mizuho Bank, Ltd. (Minato ku, Tokyo, JP, Branch)

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 39**

- **i. Full name:** BNP Paribas Securities Services (Athens, Attica, GR, Branch)

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 40**

- **i. Full name:** UniCredit Bank Czech Republic and Slovakia, a.s.

- **ii. LEI, if any:** KR6LSKV3BTSJRD41IF75

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 41**

- **i. Full name:** Joint Stock Company Commercial Bank Citibank

- **ii. LEI, if any:** CHSQDSVI1UI96Y2SW097

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 42**

- **i. Full name:** Standard Chartered Bank (Makati City, Metro Manila, PH, Branch)

- **ii. LEI, if any:** RILFO74KP1CM8P6PCT96

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 43**

- **i. Full name:** Bank Handlowy w Warszawie Spolka Akcyjna

- **ii. LEI, if any:** XLEZHWWOI4HFQDGL4793

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 44**

- **i. Full name:** BNP Paribas Securities Services

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 45**

- **i. Full name:** Morgan Stanley & Co. LLC

- **ii. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 46**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 47**

- **i. Full name:** Citibank Europe Public Limited Company

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 48**

- **i. Full name:** Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch)

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 49**

- **i. Full name:** Banco de Chile

- **ii. LEI, if any:** 8B4EZFY8IHJC44TT2K84

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 50**

- **i. Full name:** Bank Hapoalim B.M.

- **ii. LEI, if any:** B6ARUI4946ST4S7WOU88

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** BlackRock Advisors, LLC

- **ii. LEI, if any, or other identifying number:** 5493001LN9MRM6A35J74

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** BlackRock Execution Services

- **b. SEC file number:** 8-48719

- **c. CRD number:** 000039438

- **d. LEI, if any:** 549300HFCRQ0NT5KY652

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** BlackRock Investments, LLC

- **b. SEC file number:** 8-48436

- **c. CRD number:** 000038642

- **d. LEI, if any:** 54930061FBHCKXL2G714

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 8-422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $33,491.15

**Brokers Record: 2**

- **i. Full name of broker:** CLSA Americas, LLC

- **ii. SEC file number:** 8-69166

- **iii. CRD number:** 000165533

- **iv. LEI, if any:** 213800M2DXATWY7JMS07

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,779.11

**Brokers Record: 3**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-8177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $32,811.74

**Brokers Record: 4**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $34,329.12

**Brokers Record: 5**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $35,621.09

**Brokers Record: 6**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $165,996.31

**Brokers Record: 7**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $48,135.34

**Brokers Record: 8**

- **i. Full name of broker:** Barclays Capital Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,161.37

**Brokers Record: 9**

- **i. Full name of broker:** BNP Paribas Securities Corp.

- **ii. SEC file number:** 8-32682

- **iii. CRD number:** 000015794

- **iv. LEI, if any:** RCNB6OTYUAMMP879YW96

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,092.72

**Brokers Record: 10**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $45,139.55

**Aggregate Commission:** $563,640.14

**Item C.17.a. Principal transaction counterparties.**

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Citigroup Global Markets Inc.                        | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $123.70                   |
| UBS Securities LLC                                   | 8-22651           | 000007654    | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $328.88                   |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $1,312,031,709.75         |
| Credit Suisse Securities (USA) LLC                   | 8-422             | 000000816    | 1V8Y6QCX6YMJ2OELII46 | NY      | US        | $0.50                     |
| Macquarie Capital (USA) Inc.                         | 8-47198           | 000036368    | 549300670K07JRB5UQ40 | NY      | US        | $3.56                     |
| Morgan Stanley & Co. LLC                             | 8-15869           | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $351,432.00               |
| Barclays Capital Inc.                                | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $24,312.00                |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,314,284,647.09

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $869,039,516.83

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,750,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 2 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 3 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 4 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 5 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 6 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 7 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 8 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 9 Name of institution:** Bank of America, N.A.

  - **Line Institutions Record: 10 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 11 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 12 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 13 Name of institution:** BNP Paribas

  - **Line Institutions Record: 14 Name of institution:** State Street Bank and Trust Co.

  - **Line Institutions Record: 15 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 16 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 17 Name of institution:** Societe Generale

  - **Line Institutions Record: 18 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 19 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 20 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 21 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 22 Name of institution:** JPMorgan Chase Bank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                 | SEC File number   |
|:---|:---|
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock Sustainable Low Duration Bond Fund                 | 811-23339         |
| BlackRock U.S. Government Bond Portfolio                     | 811-23345         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock Global Impact Fund                                 | 811-05742         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Defensive Advantage International Fund             | 811-05742         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock Future Health ETF                                  | 811-23402         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock Global Long/Short Credit Fund                      | 811-23341         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock EuroFund                                           | 811-04612         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock Future Climate and Sustainable Economy ETF         | 811-23402         |
| BlackRock International Dividend Fund                        | 811-05742         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock Sustainable International Equity Fund              | 811-02661         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock High Yield Municipal Fund                          | 811-02688         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock U.S. Government Bond V.I. Fund                     | 811-23346         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock Sustainable Balanced Fund, Inc.                    | 811-02405         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock Short-Term Municipal Fund                          | 811-02688         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock Defensive Advantage U.S. Fund                      | 811-05742         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock Sustainable U.S. Value Equity Fund                 | 811-02661         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock High Yield Bond Portfolio                          | 811-23339         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock International Impact Fund                          | 811-05742         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Multi-Sector Opportunities Trust                   | 811-23285         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BATS: Series C Portfolio                                     | 811-21457         |
| BlackRock Floating Rate Loan ETF                             | 811-23511         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock Sustainable Emerging Markets Bond Fund             | 811-23339         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock Sustainable Emerging Markets Flexible Bond Fund    | 811-23339         |
| BlackRock LifePath Dynamic 2025 Fund                         | 811-07332         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock Infrastructure Sustainable Opportunities Fund      | 811-05742         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Future Financial and Technology ETF                | 811-23402         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock SMID-Cap Growth Equity Fund                        | 811-05742         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock LifePath ESG Index 2025 Fund                       | 811-07332         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock Global Equity Absolute Return Fund                 | 811-05742         |
| BlackRock Total Factor Fund                                  | 811-05742         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock Sustainable Advantage CoreAlpha Bond Fund          | 811-23341         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock Sustainable Balanced Portfolio                     | 811-03091         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| Master Total Return Portfolio                                | 811-21434         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BlackRock Sustainable U.S. Growth Equity Fund                | 811-02661         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock Multi-Sector Opportunities Trust II                | 811-23357         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock U.S. Impact Fund                                   | 811-05742         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock Future Innovators ETF                              | 811-23402         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock LifePath Index 2025 Fund                           | 811-07332         |
| BlackRock Future Tech ETF                                    | 811-23402         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock GNMA Portfolio                                     | 811-23339         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| Master Small Cap Index Series                                | 811-07885         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 4 - Treasury Money Market Master Portfolio

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Treasury Money Market Master Portfolio

- **b. Series identification number, if any:** S000004286

- **c. LEI:** 5493007VF8DQ7RCODV16

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                  | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Treasury Money Market Master Portfolio | C000012008                                | N/A                          |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [x] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** BlackRock Institutional Trust Company, National Association

- **ii. LEI, if any:** 549300RK1FB0VMTPD087

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** BlackRock Fund Advisors

- **ii. LEI, if any:** 549300YOOGP0Y1M95C20

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** BlackRock Fund Advisors

- **ii. SEC file number:** 801-22609

- **iii. CRD number:** 000105247

- **iv. LEI, if any:** 549300YOOGP0Y1M95C20

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. SEC file number:** 85-05003

- **iii. LEI, if any:** 571474TGEMMWANRLN572

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Refinitiv US Holdings Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300NF240HXJO7N016

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** BlackRock Advisors, LLC

- **ii. LEI, if any, or other identifying number:** 5493001LN9MRM6A35J74

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** BlackRock Investments, LLC

- **b. SEC file number:** 8-48436

- **c. CRD number:** 000038642

- **d. LEI, if any:** 54930061FBHCKXL2G714

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** BlackRock Execution Services

- **b. SEC file number:** 8-48719

- **c. CRD number:** 000039438

- **d. LEI, if any:** 549300HFCRQ0NT5KY652

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                  | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Citigroup Global Markets Inc.         | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $147,488,909,068.78       |
| Natixis Securities Americas LLC       | 8-719             | 000001101    | 549300L8G1E7ZHVEOG75 | NY      | US        | $22,988,000,000.00        |
| BNP Paribas Securities Corp.          | 8-32682           | 000015794    | RCNB6OTYUAMMP879YW96 | NY      | US        | $226,215,000,000.00       |
| Scotia Capital (USA) Inc.             | 8-3716            | 000002739    | 549300BLWPABP1VNME36 | NY      | US        | $9,468,016,855.24         |
| Federal Reserve Bank of New York      | N/A               | N/A          | 254900Y8NKGV541U8Q32 | NY      | US        | $2,218,080,000,000.00     |
| J.P. Morgan Securities LLC            | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $230,099,616,401.46       |
| Credit Agricole Securities (USA) Inc. | 8-13753           | 000000190    | 549300WO2DKF0Q3YMV43 | NY      | US        | $125,673,000,000.00       |
| BofA Securities, Inc.                 | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $9,064,377,224.64         |
| SG Americas Securities, LLC           | 8-66125           | 000128351    | 549300F35UE0BOM1WJ55 | NY      | US        | $14,903,000,000.00        |
| Barclays Capital Inc.                 | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $222,002,719,269.59       |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,234,252,026,105.16

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.b - Money market fund's daily average net assets:** $19,104,160,730.74

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 5 - International Tilts Master Portfolio

**Item C.1. Background information.**

- **a. Full Name of the Fund:** International Tilts Master Portfolio

- **b. Series identification number, if any:** S000043688

- **c. LEI:** 5493004HUP3600ZFJ783

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | International Tilts Master Portfolio | C000135466                                | N/A                          |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** BlackRock Institutional Trust Company, National Association

- **ii. LEI, if any:** 549300RK1FB0VMTPD087

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** BlackRock Fund Advisors

- **ii. LEI, if any:** 549300YOOGP0Y1M95C20

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $4,847,219.34

- **g. Provide the net income from securities lending activities:** $28,111.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** BlackRock Advisors, LLC

- **ii. SEC file number:** 801-47710

- **iii. CRD number:** 000106614

- **iv. LEI, if any:** 5493001LN9MRM6A35J74

- **v. State, if applicable:** DE

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** BlackRock International Limited

- **ii. SEC file number:** 801-51087

- **iii. CRD number:** 000106843

- **iv. LEI, if any:** 5493008YUGP5E01IBD70

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** GB

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Sub-adviser Record: 2**

- **i. Full name:** BlackRock Fund Advisors

- **ii. SEC file number:** 801-22609

- **iii. CRD number:** 000105247

- **iv. LEI, if any:** 549300YOOGP0Y1M95C20

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** DE

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv US Holdings Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300NF240HXJO7N016

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Bank Hapoalim B.M.

- **ii. LEI, if any:** B6ARUI4946ST4S7WOU88

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** BNP Paribas Securities Services

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** Skandinaviska Enskilda Banken AB (Oslo, Oslo, NO, Branch)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** BNP Paribas Securities Services (Athens, Attica, GR, Branch)

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** Morgan Stanley & Co. LLC

- **ii. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 7**

- **i. Full name:** J.P. Morgan Securities LLC

- **ii. LEI, if any:** ZBUT11V806EZRVTWT807

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 8**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** Credit Suisse (Schweiz) AG

- **ii. LEI, if any:** 549300CWR0W0BCS9Q144

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** Skandinaviska Enskilda Banken AB (Helsinki, Uusimaa, FI, Branch)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** Mizuho Bank, Ltd. (Minato ku, Tokyo, JP, Branch)

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** Intesa Sanpaolo S.p.A.

- **ii. LEI, if any:** 2W8N8UU78PMDQKZENC08

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** State Street Bank International GmbH

- **ii. LEI, if any:** ZMHGNT7ZPKZ3UFZ8EO46

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** Citibank, National Association (Singapore, SG, Branch)

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** State Street Bank and Trust Company (Edinburgh, GB, Branch)

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** UBS Securities LLC

- **ii. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 18**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 19**

- **i. Full name:** Skandinaviska Enskilda Banken A/S

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 22**

- **i. Full name:** Citibank Europe Public Limited Company

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** Euroclear Bank

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** BlackRock Advisors, LLC

- **ii. LEI, if any, or other identifying number:** 5493001LN9MRM6A35J74

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** BlackRock Investments, LLC

- **b. SEC file number:** 8-48436

- **c. CRD number:** 000038642

- **d. LEI, if any:** 54930061FBHCKXL2G714

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** BlackRock Execution Services

- **b. SEC file number:** 8-48719

- **c. CRD number:** 000039438

- **d. LEI, if any:** 549300HFCRQ0NT5KY652

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,463.96

**Brokers Record: 2**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-8177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,440.35

**Brokers Record: 3**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,721.76

**Brokers Record: 4**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 8-422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,935.81

**Brokers Record: 5**

- **i. Full name of broker:** HSBC Securities (USA) Inc.

- **ii. SEC file number:** 8-41562

- **iii. CRD number:** 000019585

- **iv. LEI, if any:** CYYGQCGNHMHPSMRL3R97

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $5,168.09

**Brokers Record: 6**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $6,472.26

**Brokers Record: 7**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $13,658.38

**Brokers Record: 8**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $15,683.66

**Brokers Record: 9**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,781.56

**Brokers Record: 10**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $14,740.72

**Aggregate Commission:** $125,876.40

**Item C.17.a. Principal transaction counterparties.**

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| UBS Securities LLC                                   | 8-22651           | 000007654    | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $23.25                    |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $71,403,348.97            |
| Morgan Stanley & Co. LLC                             | 8-15869           | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $17,856.49                |
| Virtu Americas LLC                                   | 8-68193           | 000149823    | 549300RA02N3BNSWBV74 | NY      | US        | $4.65                     |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $71,421,288.07

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $257,273,719.97

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,750,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** BNP Paribas

  - **Line Institutions Record: 2 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 3 Name of institution:** Bank of America, N.A.

  - **Line Institutions Record: 4 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 5 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 6 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 7 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 8 Name of institution:** Societe Generale

  - **Line Institutions Record: 9 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 10 Name of institution:** State Street Bank and Trust Co.

  - **Line Institutions Record: 11 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 12 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 13 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 14 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 15 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 16 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 17 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 18 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 19 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 20 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 21 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 22 Name of institution:** Brown Brothers Harriman & Co.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                 | SEC File number   |
|:---|:---|
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock Sustainable Balanced Fund, Inc.                    | 811-02405         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock Future Health ETF                                  | 811-23402         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock High Yield Bond Portfolio                          | 811-23339         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock Sustainable U.S. Growth Equity Fund                | 811-02661         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BATS: Series P Portfolio                                     | 811-21457         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock U.S. Impact Fund                                   | 811-05742         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock GNMA Portfolio                                     | 811-23339         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock LifePath ESG Index 2025 Fund                       | 811-07332         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock Multi-Sector Opportunities Trust                   | 811-23285         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock Future Financial and Technology ETF                | 811-23402         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| Master Total Return Portfolio                                | 811-21434         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock International Dividend Fund                        | 811-05742         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock U.S. Government Bond Portfolio                     | 811-23345         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock Sustainable Emerging Markets Flexible Bond Fund    | 811-23339         |
| BlackRock SMID-Cap Growth Equity Fund                        | 811-05742         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock U.S. Government Bond V.I. Fund                     | 811-23346         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock Sustainable Low Duration Bond Fund                 | 811-23339         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock Sustainable International Equity Fund              | 811-02661         |
| BlackRock LifePath Index 2025 Fund                           | 811-07332         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock EuroFund                                           | 811-04612         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock International Impact Fund                          | 811-05742         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock Global Equity Absolute Return Fund                 | 811-05742         |
| BlackRock Defensive Advantage U.S. Fund                      | 811-05742         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock Defensive Advantage International Fund             | 811-05742         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Future Innovators ETF                              | 811-23402         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock High Yield Municipal Fund                          | 811-02688         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock Total Factor Fund                                  | 811-05742         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock Infrastructure Sustainable Opportunities Fund      | 811-05742         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock Sustainable Advantage CoreAlpha Bond Fund          | 811-23341         |
| BlackRock Future Climate and Sustainable Economy ETF         | 811-23402         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock Global Long/Short Credit Fund                      | 811-23341         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock Floating Rate Loan ETF                             | 811-23511         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock Future Tech ETF                                    | 811-23402         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Sustainable Balanced Portfolio                     | 811-03091         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock Global Impact Fund                                 | 811-05742         |
| BATS: Series C Portfolio                                     | 811-21457         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock Short-Term Municipal Fund                          | 811-02688         |
| BlackRock Sustainable U.S. Value Equity Fund                 | 811-02661         |
| BlackRock LifePath Dynamic 2025 Fund                         | 811-07332         |
| BlackRock Sustainable Emerging Markets Bond Fund             | 811-23339         |
| BlackRock Multi-Sector Opportunities Trust II                | 811-23357         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 6 - Money Market Master Portfolio

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Money Market Master Portfolio

- **b. Series identification number, if any:** S000004283

- **c. LEI:** 5493006MEXRES47VM867

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class         | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Money Market Master Portfolio | C000012005                                | N/A                          |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [x] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** BlackRock Institutional Trust Company, National Association

- **ii. LEI, if any:** 549300RK1FB0VMTPD087

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** BlackRock Fund Advisors

- **ii. LEI, if any:** 549300YOOGP0Y1M95C20

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** BlackRock Fund Advisors

- **ii. SEC file number:** 801-22609

- **iii. CRD number:** 000105247

- **iv. LEI, if any:** 549300YOOGP0Y1M95C20

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** BlackRock International Limited

- **ii. SEC file number:** 801-51087

- **iii. CRD number:** 000106843

- **iv. LEI, if any:** 5493008YUGP5E01IBD70

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** GB

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. SEC file number:** 85-05003

- **iii. LEI, if any:** 571474TGEMMWANRLN572

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Refinitiv US Holdings Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300NF240HXJO7N016

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** Euroclear Bank

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** BlackRock Advisors, LLC

- **ii. LEI, if any, or other identifying number:** 5493001LN9MRM6A35J74

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** BlackRock Investments, LLC

- **b. SEC file number:** 8-48436

- **c. CRD number:** 000038642

- **d. LEI, if any:** 54930061FBHCKXL2G714

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** BlackRock Execution Services

- **b. SEC file number:** 8-48719

- **c. CRD number:** 000039438

- **d. LEI, if any:** 549300HFCRQ0NT5KY652

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                    | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Handelsbanken Markets Securities, Inc.  | 8-48279           | 000038485    | 5493003FM25UNUIA9I30 | NY      | US        | $216,956,320,000.00       |
| Swedbank AB (New York, NY, US, Branch)  | N/A               | N/A          | M312WZV08Y7LYUC71685 | NY      | US        | $588,018,000,000.00       |
| Nordea Bank AB                          | N/A               | N/A          | 6SCPQ280AIY8EP3XFW53 |  |  | $171,115,000,000.00       |
| J.P. Morgan Securities LLC              | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $250,550,111,561.70       |
| Credit Agricole Securities (USA) Inc.   | 8-13753           | 000000190    | 549300WO2DKF0Q3YMV43 | NY      | US        | $248,780,483,000.00       |
| KBC Bank Ireland Public Limited Company | N/A               | N/A          | 96QM9M0BWQYBMDQH8L02 |  |  | $318,825,000,000.00       |
| Erste Group Bank AG                     | N/A               | N/A          | PQOH26KWDF7CG10L6792 |  |  | $352,718,002,000.00       |
| Mizuho Securities USA LLC               | 8-37710           | 000019647    | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $186,175,432,410.00       |
| RBC Capital Markets, LLC                | 8-45411           | 000031194    | 549300LCO2FLSSVFFR64 | NY      | US        | $278,297,265,342.03       |
| Skandinaviska Enskilda Banken AB        | N/A               | N/A          | F3JS33DEI6XQ4ZBPTN86 |  |  | $497,880,502,000.00       |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $4,536,964,548,165.71

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.b - Money market fund's daily average net assets:** $67,082,997,275.49

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 7 - U.S. Total Bond Index Master Portfolio

**Item C.1. Background information.**

- **a. Full Name of the Fund:** U.S. Total Bond Index Master Portfolio

- **b. Series identification number, if any:** S000004287

- **c. LEI:** 549300QI52DSLLI6VD30

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                  | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | U.S. Total Bond Index Master Portfolio | C000012009                                | N/A                          |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** BlackRock Institutional Trust Company, National Association

- **ii. LEI, if any:** 549300RK1FB0VMTPD087

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** BlackRock Fund Advisors

- **ii. LEI, if any:** 549300YOOGP0Y1M95C20

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $1,403,399,061.28

- **g. Provide the net income from securities lending activities:** $2,313,115.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** BlackRock Fund Advisors

- **ii. SEC file number:** 801-22609

- **iii. CRD number:** 000105247

- **iv. LEI, if any:** 549300YOOGP0Y1M95C20

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** DE

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Refinitiv US Holdings Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300NF240HXJO7N016

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** Euroclear Bank

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** BlackRock Advisors, LLC

- **ii. LEI, if any, or other identifying number:** 5493001LN9MRM6A35J74

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** BlackRock Investments, LLC

- **b. SEC file number:** 8-48436

- **c. CRD number:** 000038642

- **d. LEI, if any:** 54930061FBHCKXL2G714

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** BlackRock Execution Services

- **b. SEC file number:** 8-48719

- **c. CRD number:** 000039438

- **d. LEI, if any:** 549300HFCRQ0NT5KY652

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                                                      | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Citigroup Global Markets Inc.                             | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $4,519,532,003.54         |
| Wells Fargo Securities, LLC                               | 8-65876           | 000126292    | VYVVCKR63DVZZN70PB21 | NC      | US        | $765,872,322.44           |
| J.P. Morgan Securities LLC                                | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $3,089,203,577.98         |
| BlackRock Funds III - BlackRock Cash Funds: Institutional | N/A               | N/A          | 549300JDHS1T46VWOG19 | CA      | US        | $6,213,691,962.51         |
| Nomura Securities International, Inc.                     | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $555,000,540.59           |
| Goldman Sachs & Co. LLC                                   | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $2,983,641,680.92         |
| Barclays Capital Inc.                                     | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $665,989,346.95           |
| Morgan Stanley & Co. LLC                                  | 8-15869           | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $5,433,480,883.36         |
| Credit Suisse Securities (USA) LLC                        | 8-422             | 000000816    | 1V8Y6QCX6YMJ2OELII46 | NY      | US        | $1,705,009,178.05         |
| BofA Securities, Inc.                                     | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $4,481,415,229.76         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $31,928,038,470.72

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $7,813,389,234.38

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,750,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** State Street Bank and Trust Co.

  - **Line Institutions Record: 2 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 3 Name of institution:** BNP Paribas

  - **Line Institutions Record: 4 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 5 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 6 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 7 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 8 Name of institution:** Bank of America, N.A.

  - **Line Institutions Record: 9 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 10 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 11 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 12 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 13 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 14 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 15 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 16 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 17 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 18 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 19 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 20 Name of institution:** Societe Generale

  - **Line Institutions Record: 21 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 22 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                 | SEC File number   |
|:---|:---|
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock LifePath ESG Index 2025 Fund                       | 811-07332         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock Infrastructure Sustainable Opportunities Fund      | 811-05742         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock High Yield Bond Portfolio                          | 811-23339         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Sustainable Advantage CoreAlpha Bond Fund          | 811-23341         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock Total Factor Fund                                  | 811-05742         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock EuroFund                                           | 811-04612         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| Master Total Return Portfolio                                | 811-21434         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Sustainable Emerging Markets Bond Fund             | 811-23339         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Defensive Advantage U.S. Fund                      | 811-05742         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock U.S. Government Bond Portfolio                     | 811-23345         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock International Impact Fund                          | 811-05742         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock Floating Rate Loan ETF                             | 811-23511         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock Future Health ETF                                  | 811-23402         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock SMID-Cap Growth Equity Fund                        | 811-05742         |
| BlackRock Sustainable Balanced Portfolio                     | 811-03091         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| Master Small Cap Index Series                                | 811-07885         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Sustainable Emerging Markets Flexible Bond Fund    | 811-23339         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock Global Long/Short Credit Fund                      | 811-23341         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock Global Impact Fund                                 | 811-05742         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock Short-Term Municipal Fund                          | 811-02688         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock Global Equity Absolute Return Fund                 | 811-05742         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock Defensive Advantage International Fund             | 811-05742         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock LifePath Dynamic 2025 Fund                         | 811-07332         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock Future Climate and Sustainable Economy ETF         | 811-23402         |
| BlackRock Future Financial and Technology ETF                | 811-23402         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Sustainable Balanced Fund, Inc.                    | 811-02405         |
| BlackRock LifePath Index 2025 Fund                           | 811-07332         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BlackRock High Yield Municipal Fund                          | 811-02688         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock Multi-Sector Opportunities Trust II                | 811-23357         |
| BlackRock Sustainable International Equity Fund              | 811-02661         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BATS: Series C Portfolio                                     | 811-21457         |
| BlackRock Future Tech ETF                                    | 811-23402         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock U.S. Government Bond V.I. Fund                     | 811-23346         |
| BlackRock GNMA Portfolio                                     | 811-23339         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Future Innovators ETF                              | 811-23402         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Sustainable Low Duration Bond Fund                 | 811-23339         |
| BlackRock Sustainable U.S. Value Equity Fund                 | 811-02661         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock U.S. Impact Fund                                   | 811-05742         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock Sustainable U.S. Growth Equity Fund                | 811-02661         |
| BlackRock International Dividend Fund                        | 811-05742         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock Multi-Sector Opportunities Trust                   | 811-23285         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 8 - Total International Ex U.S. Index Master Portfolio

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Total International Ex U.S. Index Master Portfolio

- **b. Series identification number, if any:** S000033771

- **c. LEI:** 5493008B8FD8UBYOYT19

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                              | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Total International ex U.S. Index Master Portfolio | C000104371                                | N/A                          |

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** BlackRock Institutional Trust Company, National Association

- **ii. LEI, if any:** 549300RK1FB0VMTPD087

- **iii. Is the securities lending agent an affiliated person...?** Yes

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** BlackRock Fund Advisors

- **ii. LEI, if any:** 549300YOOGP0Y1M95C20

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $63,820,454.12

- **g. Provide the net income from securities lending activities:** $306,453.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** BlackRock Fund Advisors

- **ii. SEC file number:** 801-22609

- **iii. CRD number:** 000105247

- **iv. LEI, if any:** 549300YOOGP0Y1M95C20

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** BNY Mellon Investment Servicing (US) Inc.

- **ii. SEC file number:** 084-01761

- **iii. LEI, if any:** 549300CFZQLI9QMJ1Z03

- **iv. State, if applicable:** DE

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300HLPTRASHS0E726

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Refinitiv US Holdings Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300NF240HXJO7N016

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex

- **ii. LEI, if any:** 2SFFM4FUIE05S37WFU55

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** Royal Bank of Canada

- **ii. LEI, if any:** ES7IP3U3RHIGC71XBU11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch)

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 5**

- **i. Full name:** Skandinaviska Enskilda Banken A/S

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** State Street Bank and Trust Company (Edinburgh, GB, Branch)

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 7**

- **i. Full name:** BNP Paribas Securities Services

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** HSBC Bank Middle East Limited (Doha, Ad Dawhah, QA, Branch)

- **ii. LEI, if any:** 549300F99IL9YJDWH369

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** BNP Paribas Securities Services (Athens, Attica, GR, Branch)

- **ii. LEI, if any:** 549300WCGB70D06XZS54

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** Citibank del Peru S.A.

- **ii. LEI, if any:** MYTK5NHHP1G8TVFGT193

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 11**

- **i. Full name:** Citibank, Anonim Sirketi

- **ii. LEI, if any:** CWZ8NZDH5SKY12Q4US31

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 12**

- **i. Full name:** HSBC Bank (China) Company Limited

- **ii. LEI, if any:** 2CZOJRADNJXBLT55G526

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 13**

- **i. Full name:** Citibank Europe Public Limited Company

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 14**

- **i. Full name:** Joint Stock Company Commercial Bank Citibank

- **ii. LEI, if any:** CHSQDSVI1UI96Y2SW097

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 15**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Jung-gu, Seoul, KR, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 16**

- **i. Full name:** State Street Bank International GmbH

- **ii. LEI, if any:** ZMHGNT7ZPKZ3UFZ8EO46

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 17**

- **i. Full name:** Intesa Sanpaolo S.p.A.

- **ii. LEI, if any:** 2W8N8UU78PMDQKZENC08

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 18**

- **i. Full name:** UBS Securities LLC

- **ii. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)

**Custodians Record: 19**

- **i. Full name:** UniCredit Bank Austria AG

- **ii. LEI, if any:** D1HEB8VEU6D9M8ZUXG17

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 20**

- **i. Full name:** Skandinaviska Enskilda Banken AB (Oslo, Oslo, NO, Branch)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 21**

- **i. Full name:** First Abu Dhabi Bank P.J.S.C. (Kuwait City, Al Asimah, KW, Branch)

- **ii. LEI, if any:** 2138002Y3WMK6RZS8H90

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 22**

- **i. Full name:** Bank Hapoalim B.M.

- **ii. LEI, if any:** B6ARUI4946ST4S7WOU88

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 23**

- **i. Full name:** Citibank Maghreb S.A.

- **ii. LEI, if any:** 5493003FVWLMBFTISI11

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 24**

- **i. Full name:** UniCredit Bank Hungary Zrt.

- **ii. LEI, if any:** Y28RT6GGYJ696PMW8T44

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 25**

- **i. Full name:** Euroclear Bank

- **ii. LEI, if any:** 549300OZ46BRLZ8Y6F65

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)

**Custodians Record: 26**

- **i. Full name:** Citibank, National Association (Karachi, Sindh, PK, Branch)

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 27**

- **i. Full name:** Citibank, National Association (Singapore, SG, Branch)

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 28**

- **i. Full name:** State Street Trust Company Canada

- **ii. LEI, if any:** 549300L71XG2CTQ2V827

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 29**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 30**

- **i. Full name:** Standard Chartered Bank (Hong Kong) Limited

- **ii. LEI, if any:** X5AV1MBDXGRPX5UGMX13

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 31**

- **i. Full name:** Standard Chartered Bank Malaysia Berhad

- **ii. LEI, if any:** 549300JTJBG2QBI8KD48

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 32**

- **i. Full name:** Citibank, National Association (Mumbai, Maharashtra, IN, Branch)

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 33**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 34**

- **i. Full name:** First Abu Dhabi Bank P.J.S.C.

- **ii. LEI, if any:** 2138002Y3WMK6RZS8H90

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 35**

- **i. Full name:** Skandinaviska Enskilda Banken AB

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 36**

- **i. Full name:** Standard Chartered Bank (Makati City, Metro Manila, PH, Branch)

- **ii. LEI, if any:** RILFO74KP1CM8P6PCT96

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 37**

- **i. Full name:** Citibank, National Association (Cairo, Cairo, EG, Branch)

- **ii. LEI, if any:** E57ODZWZ7FF32TWEFA76

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 38**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 39**

- **i. Full name:** Mizuho Bank, Ltd. (Minato ku, Tokyo, JP, Branch)

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 40**

- **i. Full name:** Standard Chartered Bank (Jakarta, Jakarta, ID, Branch)

- **ii. LEI, if any:** 254900XJQ7BKPSDXNP74

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 41**

- **i. Full name:** Credit Suisse (Schweiz) AG

- **ii. LEI, if any:** 549300CWR0W0BCS9Q144

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 42**

- **i. Full name:** FirstRand Bank Limited

- **ii. LEI, if any:** ZAYQDKTCATIXF9OQY690

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 43**

- **i. Full name:** UniCredit Bank Czech Republic and Slovakia, a.s.

- **ii. LEI, if any:** KR6LSKV3BTSJRD41IF75

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 44**

- **i. Full name:** Skandinaviska Enskilda Banken AB (Helsinki, Uusimaa, FI, Branch)

- **ii. LEI, if any:** F3JS33DEI6XQ4ZBPTN86

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 45**

- **i. Full name:** Cititrust Colombia S A Sociedad Fiduciaria

- **ii. LEI, if any:** 549300242J3IJCOSGI49

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 46**

- **i. Full name:** Standard Chartered Bank (Taiwan) Limited

- **ii. LEI, if any:** 549300QJEO1B92LSHZ06

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 47**

- **i. Full name:** Bank Handlowy w Warszawie Spolka Akcyjna

- **ii. LEI, if any:** XLEZHWWOI4HFQDGL4793

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 48**

- **i. Full name:** Banco de Chile

- **ii. LEI, if any:** 8B4EZFY8IHJC44TT2K84

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 49**

- **i. Full name:** Standard Chartered Bank (Thai) Public Company Limited

- **ii. LEI, if any:** 549300O1LQYCQ7G1IM57

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 50**

- **i. Full name:** HSBC Saudi Arabia

- **ii. LEI, if any:** 558600MV09XWUB38H245

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any, or other identifying number:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** BlackRock Advisors, LLC

- **ii. LEI, if any, or other identifying number:** 5493001LN9MRM6A35J74

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** BlackRock Execution Services

- **b. SEC file number:** 8-48719

- **c. CRD number:** 000039438

- **d. LEI, if any:** 549300HFCRQ0NT5KY652

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** BlackRock Investments, LLC

- **b. SEC file number:** 8-48436

- **c. CRD number:** 000038642

- **d. LEI, if any:** 54930061FBHCKXL2G714

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** BofA Securities, Inc.

- **ii. SEC file number:** 8-69787

- **iii. CRD number:** 000283942

- **iv. LEI, if any:** 549300HN4UKV1E2R3U73

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $26,800.08

**Brokers Record: 2**

- **i. Full name of broker:** Barclays Capital Inc.

- **ii. SEC file number:** 8-41342

- **iii. CRD number:** 000019714

- **iv. LEI, if any:** AC28XWWI3WIBK2824319

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $12,029.34

**Brokers Record: 3**

- **i. Full name of broker:** Goldman Sachs & Co. LLC

- **ii. SEC file number:** 8-129

- **iii. CRD number:** 000000361

- **iv. LEI, if any:** FOR8UP27PHTHYVLBNG30

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $27,592.28

**Brokers Record: 4**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $27,136.41

**Brokers Record: 5**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,667.50

**Brokers Record: 6**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-8177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $20,196.72

**Brokers Record: 7**

- **i. Full name of broker:** UBS Securities LLC

- **ii. SEC file number:** 8-22651

- **iii. CRD number:** 000007654

- **iv. LEI, if any:** T6FIZBDPKLYJKFCRVK44

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $60,406.07

**Brokers Record: 8**

- **i. Full name of broker:** CLSA Americas, LLC

- **ii. SEC file number:** 8-69166

- **iii. CRD number:** 000165533

- **iv. LEI, if any:** 213800M2DXATWY7JMS07

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,971.88

**Brokers Record: 9**

- **i. Full name of broker:** Credit Suisse Securities (USA) LLC

- **ii. SEC file number:** 8-422

- **iii. CRD number:** 000000816

- **iv. LEI, if any:** 1V8Y6QCX6YMJ2OELII46

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $27,046.24

**Brokers Record: 10**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $28,463.47

**Aggregate Commission:** $347,932.68

**Item C.17.a. Principal transaction counterparties.**

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. Morgan Securities LLC                           | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $18.77                    |
| UBS Securities LLC                                   | 8-22651           | 000007654    | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $135,289.15               |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $1,494,723,038.29         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $1,498,342,413.59

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,391,257,993.28

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,750,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 2 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 3 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 4 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 5 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 6 Name of institution:** BNP Paribas

  - **Line Institutions Record: 7 Name of institution:** State Street Bank and Trust Co.

  - **Line Institutions Record: 8 Name of institution:** Bank of America, N.A.

  - **Line Institutions Record: 9 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 10 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 11 Name of institution:** Credit Suisse AG, New York Branch

  - **Line Institutions Record: 12 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 13 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 14 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 15 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 16 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 17 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 18 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 19 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 20 Name of institution:** Societe Generale

  - **Line Institutions Record: 21 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 22 Name of institution:** Citibank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                 | SEC File number   |
|:---|:---|
| BATS: Series C Portfolio                                     | 811-21457         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock EuroFund                                           | 811-04612         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock Global Impact Fund                                 | 811-05742         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock U.S. Government Bond V.I. Fund                     | 811-23346         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock Sustainable Advantage CoreAlpha Bond Fund          | 811-23341         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock Future Health ETF                                  | 811-23402         |
| BlackRock Advantage International Fund                       | 811-05742         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock Floating Rate Loan ETF                             | 811-23511         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock Total Factor Fund                                  | 811-05742         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock Sustainable U.S. Value Equity Fund                 | 811-02661         |
| BlackRock Defensive Advantage U.S. Fund                      | 811-05742         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BATS: Series V Portfolio                                     | 811-21457         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock Sustainable International Equity Fund              | 811-02661         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock Short-Term Municipal Fund                          | 811-02688         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock Future Innovators ETF                              | 811-23402         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock International Dividend Fund                        | 811-05742         |
| BlackRock Sustainable Emerging Markets Flexible Bond Fund    | 811-23339         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Global Equity Absolute Return Fund                 | 811-05742         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock Defensive Advantage International Fund             | 811-05742         |
| BlackRock Multi-Sector Opportunities Trust II                | 811-23357         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock U.S. Impact Fund                                   | 811-05742         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock Multi-Sector Opportunities Trust                   | 811-23285         |
| BlackRock U.S. Government Bond Portfolio                     | 811-23345         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock High Yield Municipal Fund                          | 811-02688         |
| BlackRock Sustainable Emerging Markets Bond Fund             | 811-23339         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock Future Financial and Technology ETF                | 811-23402         |
| BlackRock International Impact Fund                          | 811-05742         |
| BlackRock Sustainable U.S. Growth Equity Fund                | 811-02661         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock High Yield Bond Portfolio                          | 811-23339         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock Sustainable Balanced Fund, Inc.                    | 811-02405         |
| BlackRock Sustainable Low Duration Bond Fund                 | 811-23339         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| Master Total Return Portfolio                                | 811-21434         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock LifePath Dynamic 2025 Fund                         | 811-07332         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock GNMA Portfolio                                     | 811-23339         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock Future Climate and Sustainable Economy ETF         | 811-23402         |
| BlackRock Future Tech ETF                                    | 811-23402         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock Sustainable Balanced Portfolio                     | 811-03091         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock LifePath ESG Index 2025 Fund                       | 811-07332         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock Infrastructure Sustainable Opportunities Fund      | 811-05742         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock Global Long/Short Credit Fund                      | 811-23341         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock LifePath Index 2025 Fund                           | 811-07332         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock SMID-Cap Growth Equity Fund                        | 811-05742         |
| BlackRock Income Fund                                        | 811-23339         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Master Investment Portfolio

**Date:** 2023-03-07

**Signature:** Chuck Pulsfort

**Title:** Assistant Treasurer