# EDGAR Filing Document

**Accession Number:** 0001761055
**File Stem:** 0001410368-25-014326
**Filing Date:** 2025-10
**Character Count:** 455191
**Document Hash:** 1f1f6dec08dc1f6a74a3dd944931f463
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-014326.hdr.sgml**: 20251014

**ACCESSION NUMBER**: 0001410368-25-014326

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20251014

**DATE AS OF CHANGE**: 20251014

**EFFECTIVENESS DATE**: 20251014

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock ETF Trust
- **CENTRAL INDEX KEY:** 0001761055

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23402
- **FILM NUMBER:** 251390113

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 8004417762

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

## Series and Classes Contracts Data

### iShares U.S. Equity Factor Rotation Active ETF (Series ID: S000064945)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000210296 | iShares U.S. Equity Factor Rotation Active ETF | DYNF            |

### iShares Health Innovation Active ETF (Series ID: S000069260)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000221226 | iShares Health Innovation Active ETF |  |

### BlackRock Future Tech ETF (Series ID: S000069261)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000221227 | BlackRock Future Tech ETF |  |

### BlackRock U.S. Carbon Transition Readiness ETF (Series ID: S000071281)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000226201 | BlackRock U.S. Carbon Transition Readiness ETF |  |

### BlackRock World ex U.S. Carbon Transition Readiness ETF (Series ID: S000071282)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000226202 | BlackRock World ex U.S. Carbon Transition Readiness ETF |  |

### BlackRock Future Climate and Sustainable Economy ETF (Series ID: S000072413)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000228613 | BlackRock Future Climate and Sustainable Economy ETF |  |

### iShares U.S. Thematic Rotation Active ETF (Series ID: S000074569)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000232558 | iShares U.S. Thematic Rotation Active ETF |  |

### iShares FinTech Active ETF (Series ID: S000076808)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000236859 | iShares FinTech Active ETF |  |

### iShares Large Cap Value Active ETF (Series ID: S000080410)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000242802 | iShares Large Cap Value Active ETF |  |

### iShares Large Cap Core Active ETF (Series ID: S000082317)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000245618 | iShares Large Cap Core Active ETF |  |

### iShares U.S. Industry Rotation Active ETF (Series ID: S000084031)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000248199 | iShares U.S. Industry Rotation Active ETF |  |

### iShares International Country Rotation Active ETF (Series ID: S000088408)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000254669 | iShares International Country Rotation Active ETF |  |

## Internal

**Report of Independent Registered Public Accounting Firm** 

To the Board of Trustees of BlackRock ETF Trust and Shareholders of each of the ten funds listed in Appendix A

In planning and performing our audits of the financial statements of the funds listed in Appendix A (hereafter collectively referred to as the "Funds") as of and for the periods ended July 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' 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 Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.

The management of the Funds 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 Funds' 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 Funds' 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 July 31, 2025.

This report is intended solely for the information and use of the Board of Trustees of BlackRock ETF Trust 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

September 23, 2025

------

**Appendix A** 

**BlackRock ETF Trust** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. BlackRock U.S. Carbon Transition Readiness ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. BlackRock World ex U.S. Carbon Transition Readiness ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. iShares FinTech Active ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. iShares Health Innovation Active ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. iShares International Country Rotation Active ETF\*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. iShares Large Cap Core Active ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. iShares Large Cap Value Active ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. iShares U.S. Equity Factor Rotation Active ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. iShares U.S. Industry Rotation Active ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. iShares U.S. Thematic Rotation Active ETF

\*December 3, 2024 (commencement of operations) through July 31, 2025

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001761055

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

**Series ID Record:1**
- **Series ID:** S000088408

**Series ID Record:2**
- **Series ID:** S000069261

**Series ID Record:3**
- **Series ID:** S000072413

**Series ID Record:4**
- **Series ID:** S000076808

**Series ID Record:5**
- **Series ID:** S000071281

**Series ID Record:6**
- **Series ID:** S000084031

**Series ID Record:7**
- **Series ID:** S000069260

**Series ID Record:8**
- **Series ID:** S000080410

**Series ID Record:9**
- **Series ID:** S000071282

**Series ID Record:10**
- **Series ID:** S000074569

**Series ID Record:11**
- **Series ID:** S000064945

**Series ID Record:12**
- **Series ID:** S000082317

**Class ID Record:1**
- **Class ID:** C000254669

**Class ID Record:2**
- **Class ID:** C000221227

**Class ID Record:3**
- **Class ID:** C000228613

**Class ID Record:4**
- **Class ID:** C000236859

**Class ID Record:5**
- **Class ID:** C000226201

**Class ID Record:6**
- **Class ID:** C000248199

**Class ID Record:7**
- **Class ID:** C000221226

**Class ID Record:8**
- **Class ID:** C000242802

**Class ID Record:9**
- **Class ID:** C000226202

**Class ID Record:10**
- **Class ID:** C000232558

**Class ID Record:11**
- **Class ID:** C000210296

**Class ID Record:12**
- **Class ID:** C000245618

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

**Item A.1.a - Report for period ending:** 2025-07-31

**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:** BlackRock ETF Trust

- **Item B.1.b - Investment Company Act file number:** 811-23402

- **Item B.1.c - CIK:** 0001761055

- **Item B.1.d - LEI:** 5493007WBHAKV9JVS642

- **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 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: 2**

- **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

**Location books Record: 3**

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

- **b. Street 1:** One Congress Street

- **Street 2:** Mail Stop SUM0703

- **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:** 02114

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

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

**Location books Record: 4**

- **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

- **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:** 22

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### 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, 811-07885, 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, 811-08162                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Kenneth L. Urish      | No                      | 811-09637, 811-21763, 811-05723, 811-04612, 811-21759, 811-06669, 811-02661, 811-03091, 811-04282, 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, 811-08162, 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, 811-07899, 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, 811-21457, 811-23701, 811-02857, 811-23344, 811-21348, 811-23621, 811-04264, 811-07354, 811-05742, 811-10543, 811-22032, 811-08162, 811-06540, 811-02405, 811-23511, 811-23345, 811-21972 |
| Mark Stalnecker       | No                      | 811-08162, 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, 811-21763, 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, 811-09637, 811-05178, 811-21763, 811-03290, 811-02739, 811-07885, 811-08797, 811-06669, 811-08162, 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, 811-08162, 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, 811-03091, 811-21763                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Henry R. Keizer       | No                      | 811-07332, 811-22061, 811-03189, 811-07899, 811-07171, 811-08162, 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, 811-04282, 811-02661, 811-02739, 811-02809, 811-05723, 811-06669, 811-05178, 811-05742                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Claire A. Walton      | No                      | 811-07899, 811-02739, 811-07885, 811-03290, 811-21763, 811-07332, 811-07171, 811-04612, 811-03091, 811-04282, 811-02354, 811-02405, 811-02809, 811-05178, 811-05576, 811-02661, 811-03189, 811-08162, 811-05742, 811-08797, 811-06669, 811-07177, 811-05723, 811-09651, 811-22061, 811-21759, 811-09637                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Lori Richards         | No                      | 811-02809, 811-09651, 811-07171, 811-04282, 811-22061, 811-04612, 811-05723, 811-21763, 811-02739, 811-02405, 811-08797, 811-09637, 811-02354, 811-21759, 811-03189, 811-05576, 811-06669, 811-07885, 811-07899, 811-07332, 811-02661, 811-08162, 811-07177, 811-05178, 811-03290, 811-03091, 811-05742                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Christopher J. Ailman | No                      | 811-02405, 811-03189, 811-05576, 811-22061, 811-07177, 811-07899, 811-07885, 811-02809, 811-05742, 811-05178, 811-02661, 811-09637, 811-04612, 811-03091, 811-02354, 811-07171, 811-05723, 811-04282, 811-08162, 811-02739, 811-06669, 811-03290, 811-09651, 811-21763, 811-21759, 811-07332, 811-08797                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 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, 811-02354, 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, 811-08162                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Robert Fairbairn      | Yes                     | 811-21178, 811-06414, 811-04375, 811-03091, 811-04612, 811-21348, 811-23346, 811-21784, 811-21457, 811-02354, 811-07332, 811-22032, 811-07177, 811-07136, 811-07899, 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, 811-21835, 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, 811-02688, 811-05723, 811-08162, 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, 811-08162, 811-03189, 811-21763, 811-09651                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

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

**Chief compliance officer Record: 1**

- **a. Full Name:** Aaron Wasserman

- **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-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

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - iShares International Country Rotation Active ETF

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

- **a. Full Name of the Fund:** iShares International Country Rotation Active ETF

- **b. Series identification number, if any:** S000088408

- **c. LEI:** 529900IOQOA64JLR9006

- **d. Is this the first filing on this form by the Fund?:** Yes

**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 | iShares International Country Rotation Active ETF | C000254669                                | CORO                         |

**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

-   [x] 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

- [x] 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

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**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:** $160,414.33

- **g. Provide the net income from securities lending activities:** $1,157.00

**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 6c-11 (17 CFR 270.6c-11)

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

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

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

- 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.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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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.

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

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

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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:** 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: 2**

- **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: 3**

- **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: 4**

- **i. Full name:** Skandinaviska Enskilda Banken AB (Copenhagen, Hovedstaden, DK, 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:** 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: 6**

- **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: 7**

- **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: 8**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **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:** 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: 10**

- **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: 11**

- **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: 12**

- **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: 13**

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

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

- **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: 14**

- **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: 15**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **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:** 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: 17**

- **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: 18**

- **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: 19**

- **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: 20**

- **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: 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:** 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)

- **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?:** 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:** 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:** $59.55

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $30.05

**Brokers Record: 3**

- **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:** $28.14

**Brokers Record: 4**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $22.88

**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:** $55.64

**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:** $24.79

**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:** $1,396.41

**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:** $172.63

**Brokers Record: 9**

- **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:** $19.06

**Brokers Record: 10**

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

- **ii. SEC file number:** 8-50140

- **iii. CRD number:** 000043098

- **iv. LEI, if any:** 254900FPPM2WN90D4786

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $23.57

**Aggregate Commission:** $1,857.95

**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        | $1,140,000.00             |
| National Securities Clearing Corporation             | 8-164             | 000007569    | 549300RYC9NELN2ICA34 | NJ      | US        | $4,326,278.26             |
| BofA Securities, Inc.                                | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $51,760.19                |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $5,518,038.45

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

- **Item C.19.a - Fund's monthly average net assets:** $6,962,791.76

**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 America, N.A.

  - **Line Institutions Record: 2 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 3 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 4 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 5 Name of institution:** Mizuho Bank, Ltd.

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

  - **Line Institutions Record: 7 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 8 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 9 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 10 Name of institution:** Barclays Bank PLC

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

  - **Line Institutions Record: 12 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 13 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 14 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 15 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 16 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 17 Name of institution:** BNP Paribas

  - **Line Institutions Record: 18 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 19 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 20 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 21 Name of institution:** State Street Bank and Trust Company

- **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   |
|:---|:---|
| iShares High Yield Active ETF                                | 811-23511         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| iShares Health Innovation Active ETF                         | 811-23402         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |
| iShares Large Cap Value Active ETF                           | 811-23402         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock U.S. Carbon Transition Readiness ETF               | 811-23402         |
| iShares International Dividend Active ETF                    | 811-23402         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| iShares U.S. Thematic Rotation Active ETF                    | 811-23402         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock Total Return Fund                                  | 811-02857         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| iShares Total Return Active ETF                              | 811-23511         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| iShares U.S. Industry Rotation Active ETF                    | 811-23402         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| iShares U.S. Equity Factor Rotation Active ETF               | 811-23402         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BATS: Series C Portfolio                                     | 811-21457         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| iShares FinTech Active ETF                                   | 811-23402         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock Sustainable Aware Advantage Global Equity Fund     | 811-05742         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BATS: Series M Portfolio                                     | 811-21457         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| iShares Large Cap Core Active ETF                            | 811-23402         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock High Equity Income 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

### Management Investment Record: 2 - iShares FinTech Active ETF

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

- **a. Full Name of the Fund:** iShares FinTech Active ETF

- **b. Series identification number, if any:** S000076808

- **c. LEI:** 549300BFKJN9KNS78K14

- **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 | iShares FinTech Active ETF | C000236859                                | BPAY                         |

**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

-   [x] 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

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**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:** $469,653.01

- **g. Provide the net income from securities lending activities:** $6,809.00

**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 (17 CFR 270.18f-4)

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

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

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

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

- Rule 6c-11 (17 CFR 270.6c-11)

**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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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:** ICE Data Services, Inc.

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

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

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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 (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: 2**

- **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: 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:** 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: 5**

- **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: 6**

- **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: 7**

- **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: 8**

- **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: 9**

- **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: 10**

- **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: 11**

- **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: 12**

- **i. Full name:** Deutsche Bank Aktiengesellschaft (Makati City, Metro Manila, PH, 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: 13**

- **i. Full name:** Deutsche Bank Aktiengesellschaft (Taipei City, TW, Branch)

- **ii. LEI, if any:** 25490016G0WR60ANOK04

- **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:** 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: 15**

- **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: 16**

- **i. Full name:** BNP Paribas (Athens, Attica, GR, Branch)

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **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:** 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: 18**

- **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: 19**

- **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: 20**

- **i. Full name:** BANCO CITI MEXICO S.A. INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO CITI MEXICO

- **ii. LEI, if any:** 529900H31AYI6WA1J534

- **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:** 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: 22**

- **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: 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:** Skandinaviska Enskilda Banken AB (Copenhagen, Hovedstaden, DK, 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: 25**

- **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: 26**

- **i. Full name:** HSBC Securities (USA) Inc.

- **ii. LEI, if any:** CYYGQCGNHMHPSMRL3R97

- **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: 27**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **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:** 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: 29**

- **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: 30**

- **i. Full name:** Deutsche Bank (Malaysia) Berhad

- **ii. LEI, if any:** 529900DLWFR8HK7DR278

- **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:** 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: 32**

- **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: 33**

- **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: 34**

- **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: 35**

- **i. Full name:** Deutsche Bank Aktiengesellschaft (Jakarta, Jakarta, ID, 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: 36**

- **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: 37**

- **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: 38**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **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?:** 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:** Cowen and Company, LLC

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

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $265.26

**Brokers Record: 2**

- **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:** $990.40

**Brokers Record: 3**

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

- **ii. SEC file number:** 8-35255

- **iii. CRD number:** 000017454

- **iv. LEI, if any:** VJW2DOOHGDT6PR0ZRO63

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $91.21

**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:** $336.28

**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:** $204.74

**Brokers Record: 6**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $450.63

**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:** $267.34

**Brokers Record: 8**

- **i. Full name of broker:** Shinhan Securities America Inc.

- **ii. SEC file number:** 8-45648

- **iii. CRD number:** 000031977

- **iv. LEI, if any:** N/A

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $86.36

**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:** $200.29

**Brokers Record: 10**

- **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:** $162.23

**Aggregate Commission:** $3,386.53

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

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| Goldman Sachs & Co. LLC                              | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $353,423.00               |
| Virtu Americas LLC                                   | 8-68193           | 000149823    | 549300RA02N3BNSWBV74 | NY      | US        | $988,099.80               |
| BNP Paribas Securities Corp.                         | 8-32682           | 000015794    | RCNB6OTYUAMMP879YW96 | NY      | US        | $73,001.92                |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $6,640,000.00             |
| Morgan Stanley & Co. LLC                             | 8-15869           | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $312,417.00               |
| J.P. Morgan Securities LLC                           | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $1,246,607.31             |
| Jane Street Capital, LLC                             | 8-52275           | 000103782    | 549300ZM16HMPEPNV857 | NY      | US        | $701,879.45               |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $10,315,428.48

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

- **Item C.19.a - Fund's monthly average net assets:** $6,408,535.59

**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:** BNP Paribas

  - **Line Institutions Record: 4 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 5 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 6 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 7 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

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

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

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

  - **Line Institutions Record: 11 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 12 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 13 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 14 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 15 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 16 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 17 Name of institution:** Brown Brothers Harriman & Co.

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

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

  - **Line Institutions Record: 20 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 21 Name of institution:** Societe Generale

- **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 LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| iShares International Dividend Active ETF                    | 811-23402         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| BlackRock U.S. Carbon Transition Readiness ETF               | 811-23402         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| BlackRock Sustainable Aware Advantage Global Equity Fund     | 811-05742         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| iShares High Yield Active ETF                                | 811-23511         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| iShares Large Cap Value Active ETF                           | 811-23402         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| iShares Large Cap Core Active ETF                            | 811-23402         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| iShares Health Innovation Active ETF                         | 811-23402         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BATS: Series M Portfolio                                     | 811-21457         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| Master Small Cap Index Series                                | 811-07885         |
| iShares International Country Rotation Active ETF            | 811-23402         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |
| iShares U.S. Thematic Rotation Active ETF                    | 811-23402         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| iShares U.S. Industry Rotation Active ETF                    | 811-23402         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| iShares U.S. Equity Factor Rotation Active ETF               | 811-23402         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BATS: Series C Portfolio                                     | 811-21457         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| iShares Total Return Active ETF                              | 811-23511         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock Total Return Fund                                  | 811-02857         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |

- **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

### Management Investment Record: 3 - BlackRock U.S. Carbon Transition Readiness ETF

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

- **a. Full Name of the Fund:** BlackRock U.S. Carbon Transition Readiness ETF

- **b. Series identification number, if any:** S000071281

- **c. LEI:** 549300GZDO1SQ7LRLO36

- **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 | BlackRock U.S. Carbon Transition Readiness ETF | C000226201                                | LCTU                         |

**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

-   [x] 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

- [ ] 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:** $5,029,900.42

- **g. Provide the net income from securities lending activities:** $24,882.00

**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(c)(4) (17CFR 270.18f-4(c)(4))

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

- Rule 6c-11 (17 CFR 270.6c-11)

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

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

- 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 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:** 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: 2**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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.

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

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

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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:** Wells Fargo Securities, LLC

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

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

- **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?:** 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:** 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:** $3,621.83

**Brokers Record: 2**

- **i. Full name of broker:** BMO Capital Markets Corp.

- **ii. SEC file number:** 8-34344

- **iii. CRD number:** 000016686

- **iv. LEI, if any:** RUC0QBLBRPRCU4W1NE59

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,752.26

**Brokers Record: 3**

- **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:** $3,385.68

**Brokers Record: 4**

- **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:** $3,201.50

**Brokers Record: 5**

- **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:** $4,820.00

**Brokers Record: 6**

- **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:** $6,829.36

**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:** $4,750.11

**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:** $3,325.96

**Brokers Record: 9**

- **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:** $5,469.57

**Brokers Record: 10**

- **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:** $1,152.41

**Aggregate Commission:** $42,522.84

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

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| National Securities Clearing Corporation             | 8-164             | 000007569    | 549300RYC9NELN2ICA34 | NJ      | US        | $190,994,521.68           |
| Goldman Sachs & Co. LLC                              | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $46.19                    |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $91,700,000.00            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $282,694,567.87

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

- **Item C.19.a - Fund's monthly average net assets:** $1,244,491,924.09

**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:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 2 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 3 Name of institution:** BNP Paribas

  - **Line Institutions Record: 4 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 5 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 6 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 7 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 8 Name of institution:** JPMorgan Chase Bank, N.A.

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

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

  - **Line Institutions Record: 11 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 12 Name of institution:** Citibank, N.A.

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

  - **Line Institutions Record: 14 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 15 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 16 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 17 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 18 Name of institution:** Societe Generale

  - **Line Institutions Record: 19 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 20 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 21 Name of institution:** Barclays Bank PLC

- **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 Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BATS: Series C Portfolio                                     | 811-21457         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| iShares High Yield Active ETF                                | 811-23511         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BATS: Series P Portfolio                                     | 811-21457         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| iShares Large Cap Core Active ETF                            | 811-23402         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| iShares Large Cap Value Active ETF                           | 811-23402         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| iShares International Dividend Active ETF                    | 811-23402         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| iShares Health Innovation Active ETF                         | 811-23402         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock Income Fund                                        | 811-23339         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Sustainable Aware Advantage Global Equity Fund     | 811-05742         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| iShares U.S. Equity Factor Rotation Active ETF               | 811-23402         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| iShares U.S. Thematic Rotation Active ETF                    | 811-23402         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| iShares Total Return Active ETF                              | 811-23511         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| iShares International Country Rotation Active ETF            | 811-23402         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| iShares U.S. Industry Rotation Active ETF                    | 811-23402         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| iShares FinTech Active ETF                                   | 811-23402         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock Total Return Fund                                  | 811-02857         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |

- **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

### Management Investment Record: 4 - iShares U.S. Industry Rotation Active ETF

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

- **a. Full Name of the Fund:** iShares U.S. Industry Rotation Active ETF

- **b. Series identification number, if any:** S000084031

- **c. LEI:** 529900F9Q3IM20R27381

- **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 | iShares U.S. Industry Rotation Active ETF | C000248199                                | INRO                         |

**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

-   [x] 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

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**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:** $138,449.21

- **g. Provide the net income from securities lending activities:** $210.00

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

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

- Rule 6c-11 (17 CFR 270.6c-11)

- 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:** 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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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.

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

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

- **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))

**Custodians Record: 2**

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

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

- **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?:** 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:** Cowen and Company, LLC

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

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $66.10

**Brokers Record: 2**

- **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:** $539.23

**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:** $680.27

**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:** $152.92

**Brokers Record: 5**

- **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:** $95.19

**Brokers Record: 6**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $57.96

**Brokers Record: 7**

- **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:** $232.61

**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:** $775.84

**Brokers Record: 9**

- **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:** $891.70

**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:** $172.50

**Aggregate Commission:** $3,706.87

**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        | $133,984.87               |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $2,940,000.00             |
| Morgan Stanley & Co. LLC                             | 8-15869           | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $18,216.54                |
| Goldman Sachs & Co. LLC                              | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $25,970.19                |
| Citigroup Global Markets Inc.                        | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $5,725.22                 |
| J.P. Morgan Securities LLC                           | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $25,309.13                |
| Barclays Capital Inc.                                | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $6,988.04                 |
| UBS Securities LLC                                   | 8-22651           | 000007654    | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $14,150.44                |
| National Securities Clearing Corporation             | 8-164             | 000007569    | 549300RYC9NELN2ICA34 | NJ      | US        | $23,750,868.31            |
| BNP Paribas Securities Corp.                         | 8-32682           | 000015794    | RCNB6OTYUAMMP879YW96 | NY      | US        | $6,456.76                 |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $26,930,357.36

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

- **Item C.19.a - Fund's monthly average net assets:** $20,124,236.69

**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:** MUFG Bank, Ltd.

  - **Line Institutions Record: 2 Name of institution:** BNP Paribas

  - **Line Institutions Record: 3 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 4 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 5 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 6 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 7 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 8 Name of institution:** Bank of America, N.A.

  - **Line Institutions Record: 9 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 10 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 11 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 12 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 13 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 14 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 15 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 16 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 17 Name of institution:** The Northern Trust Co.

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

  - **Line Institutions Record: 19 Name of institution:** Societe Generale

  - **Line Institutions Record: 20 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 21 Name of institution:** Standard Chartered Bank

- **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 LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| iShares International Country Rotation Active ETF            | 811-23402         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| iShares U.S. Equity Factor Rotation Active ETF               | 811-23402         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| iShares Health Innovation Active ETF                         | 811-23402         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |
| iShares Large Cap Value Active ETF                           | 811-23402         |
| iShares FinTech Active ETF                                   | 811-23402         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock International Fund                                 | 811-08797         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock Sustainable Aware Advantage Global Equity Fund     | 811-05742         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| iShares U.S. Thematic Rotation Active ETF                    | 811-23402         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| iShares International Dividend Active ETF                    | 811-23402         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| iShares High Yield Active ETF                                | 811-23511         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock International V.I. Fund                            | 811-03290         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| BATS: Series M Portfolio                                     | 811-21457         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock U.S. Carbon Transition Readiness ETF               | 811-23402         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BATS: Series C Portfolio                                     | 811-21457         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock Total Return Fund                                  | 811-02857         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| iShares Large Cap Core Active ETF                            | 811-23402         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| iShares Total Return Active ETF                              | 811-23511         |

- **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

### Management Investment Record: 5 - iShares Health Innovation Active ETF

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

- **a. Full Name of the Fund:** iShares Health Innovation Active ETF

- **b. Series identification number, if any:** S000069260

- **c. LEI:** 549300QSHQQEGUGOU050

- **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 | iShares Health Innovation Active ETF | C000221226                                | BMED                         |

**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

-   [x] 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

- [ ] 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:** $216,025.50

- **g. Provide the net income from securities lending activities:** $1,089.00

**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 6c-11 (17 CFR 270.6c-11)

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

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

- 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 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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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.

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

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

- **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:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **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, 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: 3**

- **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: 4**

- **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: 5**

- **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: 6**

- **i. Full name:** Skandinaviska Enskilda Banken AB (Copenhagen, Hovedstaden, DK, 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: 7**

- **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: 8**

- **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: 9**

- **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: 10**

- **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: 11**

- **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: 12**

- **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: 13**

- **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: 14**

- **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: 15**

- **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: 16**

- **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: 17**

- **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: 18**

- **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: 19**

- **i. Full name:** Deutsche Bank Aktiengesellschaft (Taipei City, TW, Branch)

- **ii. LEI, if any:** 25490016G0WR60ANOK04

- **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:** 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: 21**

- **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: 22**

- **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: 23**

- **i. Full name:** BANCO CITI MEXICO S.A. INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO CITI MEXICO

- **ii. LEI, if any:** 529900H31AYI6WA1J534

- **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:** 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: 25**

- **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: 26**

- **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: 27**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **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

- **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:** 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: 30**

- **i. Full name:** BNP Paribas (Athens, Attica, GR, Branch)

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **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?:** 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:** 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:** $52.53

**Brokers Record: 2**

- **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:** $160.00

**Brokers Record: 3**

- **i. Full name of broker:** Oppenheimer & Co. Inc.

- **ii. SEC file number:** 8-4077

- **iii. CRD number:** 000000249

- **iv. LEI, if any:** 254900VH02JQR2L8XD64

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $125.90

**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:** $49.74

**Brokers Record: 5**

- **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:** $133.05

**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:** $95.56

**Brokers Record: 7**

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

- **ii. SEC file number:** 8-35255

- **iii. CRD number:** 000017454

- **iv. LEI, if any:** VJW2DOOHGDT6PR0ZRO63

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $35.42

**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:** $229.09

**Brokers Record: 9**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $189.01

**Brokers Record: 10**

- **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:** $217.04

**Aggregate Commission:** $1,406.29

**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        | $5,778.00                 |
| J.P. Morgan Securities LLC                           | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $983,678.96               |
| Mizuho Securities USA LLC                            | 8-37710           | 000019647    | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $857,330.22               |
| Citigroup Global Markets Inc.                        | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $55,601.39                |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $3,480,000.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $5,412,802.57

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $3,597,698.67

**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:** Bank of Montreal

  - **Line Institutions Record: 3 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 4 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 5 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 6 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 7 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 8 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 9 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 10 Name of institution:** BNP Paribas

  - **Line Institutions Record: 11 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 12 Name of institution:** Societe Generale

  - **Line Institutions Record: 13 Name of institution:** Barclays Bank PLC

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

  - **Line Institutions Record: 15 Name of institution:** MUFG Bank, Ltd.

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

  - **Line Institutions Record: 17 Name of institution:** Goldman Sachs Bank USA

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

  - **Line Institutions Record: 19 Name of institution:** State Street Bank and Trust Company

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

  - **Line Institutions Record: 21 Name of institution:** Standard Chartered Bank

- **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   |
|:---|:---|
| iShares U.S. Industry Rotation Active ETF                    | 811-23402         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock U.S. Carbon Transition Readiness ETF               | 811-23402         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| iShares Large Cap Value Active ETF                           | 811-23402         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock Income Fund                                        | 811-23339         |
| International Tilts Master Portfolio                         | 811-08162         |
| iShares International Dividend Active ETF                    | 811-23402         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BATS: Series P Portfolio                                     | 811-21457         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BATS: Series C Portfolio                                     | 811-21457         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock Advantage International Fund                       | 811-05742         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock National Municipal Fund                            | 811-02688         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BATS: Series A Portfolio                                     | 811-21457         |
| iShares International Country Rotation Active ETF            | 811-23402         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| iShares Total Return Active ETF                              | 811-23511         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BATS: Series V Portfolio                                     | 811-21457         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock International V.I. Fund                            | 811-03290         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| BlackRock Total Return Fund                                  | 811-02857         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Managed Income Fund                                | 811-22061         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| iShares High Yield Active ETF                                | 811-23511         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| iShares U.S. Equity Factor Rotation Active ETF               | 811-23402         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| iShares U.S. Thematic Rotation Active ETF                    | 811-23402         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| iShares FinTech Active ETF                                   | 811-23402         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| iShares Large Cap Core Active ETF                            | 811-23402         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| BlackRock Sustainable Aware Advantage Global Equity 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

### Management Investment Record: 6 - iShares Large Cap Value Active ETF

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

- **a. Full Name of the Fund:** iShares Large Cap Value Active ETF

- **b. Series identification number, if any:** S000080410

- **c. LEI:** 529900S9V60MJQ95RK79

- **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 | iShares Large Cap Value Active ETF | C000242802                                | BLCV                         |

**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

-   [x] 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

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**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:** $177,739.79

- **g. Provide the net income from securities lending activities:** $229.00

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

Did the Fund rely on the following rules?

- Rule 6c-11 (17 CFR 270.6c-11)

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

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

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

- 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:** 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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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:** ICE Data Services, Inc.

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

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

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **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:** 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?** 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?:** 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:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,188.99

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,004.18

**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:** $1,916.13

**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:** $250.30

**Brokers Record: 5**

- **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:** $246.79

**Brokers Record: 6**

- **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:** $302.06

**Brokers Record: 7**

- **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:** $435.07

**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:** $1,488.72

**Brokers Record: 9**

- **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:** $67.19

**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:** $141.52

**Aggregate Commission:** $10,046.58

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

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| National Securities Clearing Corporation             | 8-164             | 000007569    | 549300RYC9NELN2ICA34 | NJ      | US        | $44,091,982.41            |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $5,960,000.00             |
| J.P. Morgan Securities LLC                           | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $80,795.00                |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $50,132,777.41

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $22,440,931.86

**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:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 3 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 4 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 5 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 6 Name of institution:** BNP Paribas

  - **Line Institutions Record: 7 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 8 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 9 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 10 Name of institution:** Societe Generale

  - **Line Institutions Record: 11 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 12 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 13 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 14 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 15 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 16 Name of institution:** State Street Bank and Trust Company

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

  - **Line Institutions Record: 18 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 19 Name of institution:** Bank of America, N.A.

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

  - **Line Institutions Record: 21 Name of institution:** Morgan Stanley 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 Exchange Portfolio                                 | 811-05742         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| Master Small Cap Index Series                                | 811-07885         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| iShares U.S. Thematic Rotation Active ETF                    | 811-23402         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| BlackRock U.S. Carbon Transition Readiness ETF               | 811-23402         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock Total Return Fund                                  | 811-02857         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| iShares FinTech Active ETF                                   | 811-23402         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| iShares Large Cap Core Active ETF                            | 811-23402         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock Advantage International Fund                       | 811-05742         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| iShares International Dividend Active ETF                    | 811-23402         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BATS: Series E Portfolio                                     | 811-21457         |
| iShares Health Innovation Active ETF                         | 811-23402         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| iShares Total Return Active ETF                              | 811-23511         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| iShares International Country Rotation Active ETF            | 811-23402         |
| BlackRock Sustainable Aware Advantage Global Equity Fund     | 811-05742         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| iShares High Yield Active ETF                                | 811-23511         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| BlackRock International Fund                                 | 811-08797         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| iShares U.S. Industry Rotation Active ETF                    | 811-23402         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| iShares U.S. Equity Factor Rotation Active ETF               | 811-23402         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| BATS: Series C Portfolio                                     | 811-21457         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |

- **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

### Management Investment Record: 7 - BlackRock World ex U.S. Carbon Transition Readiness ETF

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

- **a. Full Name of the Fund:** BlackRock World ex U.S. Carbon Transition Readiness ETF

- **b. Series identification number, if any:** S000071282

- **c. LEI:** 5493000D8FRZQ7QWXY73

- **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 | BlackRock World ex U.S. Carbon Transition Readiness ETF | C000226202                                | LCTD                         |

**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

-   [x] 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

- [ ] 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:** $132,229.99

- **g. Provide the net income from securities lending activities:** $800.00

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

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

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

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

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

- Rule 6c-11 (17 CFR 270.6c-11)

- 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.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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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.

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

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

- **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:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **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:** 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: 3**

- **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: 4**

- **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: 5**

- **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: 6**

- **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: 7**

- **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: 8**

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

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

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

- **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: 9**

- **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: 10**

- **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: 11**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **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:** 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: 13**

- **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: 14**

- **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: 15**

- **i. Full name:** Skandinaviska Enskilda Banken AB (Copenhagen, Hovedstaden, DK, 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:** 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: 17**

- **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: 18**

- **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: 19**

- **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: 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:** 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:** 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)

- **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?:** 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:** 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:** $2,756.23

**Brokers Record: 2**

- **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:** $2,637.26

**Brokers Record: 3**

- **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:** $2,655.10

**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:** $1,925.72

**Brokers Record: 5**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,119.14

**Brokers Record: 6**

- **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:** $1,971.58

**Brokers Record: 7**

- **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:** $1,238.59

**Brokers Record: 8**

- **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:** $1,141.98

**Brokers Record: 9**

- **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:** $3,314.26

**Brokers Record: 10**

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

- **ii. SEC file number:** 8-15255

- **iii. CRD number:** 000004297

- **iv. LEI, if any:** OXTKY6Q8X53C9ILVV871

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,075.12

**Aggregate Commission:** $28,668.14

**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        | $55,610,000.00            |
| J.P. Morgan Securities LLC                           | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $19,363,092.72            |
| Goldman Sachs & Co. LLC                              | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $77,145,911.33            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $152,433,652.29

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

- **Item C.19.a - Fund's monthly average net assets:** $246,008,496.03

**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:** Societe Generale

  - **Line Institutions Record: 2 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 3 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 4 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 5 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 6 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 7 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 8 Name of institution:** BNP Paribas

  - **Line Institutions Record: 9 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 10 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 11 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 12 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 13 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 14 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 15 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 16 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 17 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 18 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 19 Name of institution:** Bank of America, N.A.

  - **Line Institutions Record: 20 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 21 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   |
|:---|:---|
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| iShares International Dividend Active ETF                    | 811-23402         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock International Fund                                 | 811-08797         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| iShares U.S. Industry Rotation Active ETF                    | 811-23402         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| iShares Total Return Active ETF                              | 811-23511         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| BATS: Series C Portfolio                                     | 811-21457         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock International V.I. Fund                            | 811-03290         |
| iShares High Yield Active ETF                                | 811-23511         |
| iShares International Country Rotation Active ETF            | 811-23402         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| iShares Large Cap Core Active ETF                            | 811-23402         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock Total Return Fund                                  | 811-02857         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| iShares Large Cap Value Active ETF                           | 811-23402         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock Sustainable Aware Advantage Global Equity Fund     | 811-05742         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| iShares U.S. Thematic Rotation Active ETF                    | 811-23402         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| iShares Health Innovation Active ETF                         | 811-23402         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| iShares U.S. Equity Factor Rotation Active ETF               | 811-23402         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| iShares FinTech Active ETF                                   | 811-23402         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock U.S. Carbon Transition Readiness ETF               | 811-23402         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |

- **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

### Management Investment Record: 8 - iShares U.S. Thematic Rotation Active ETF

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

- **a. Full Name of the Fund:** iShares U.S. Thematic Rotation Active ETF

- **b. Series identification number, if any:** S000074569

- **c. LEI:** 549300NESYZ7JPZCM419

- **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 | iShares U.S. Thematic Rotation Active ETF | C000232558                                | THRO                         |

**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

-   [x] 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

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**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:** $4,092,933.80

- **g. Provide the net income from securities lending activities:** $11,358.00

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

- Rule 6c-11 (17 CFR 270.6c-11)

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

- 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:** 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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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:** ICE Data Services, Inc.

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

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

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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:** SG Americas Securities, LLC

- **ii. LEI, if any:** 549300F35UE0BOM1WJ55

- **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?:** 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:** 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:** $3,663.17

**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:** $5,667.48

**Brokers Record: 3**

- **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:** $7,762.80

**Brokers Record: 4**

- **i. Full name of broker:** Piper Sandler & Co.

- **ii. SEC file number:** 8-15204

- **iii. CRD number:** 000000665

- **iv. LEI, if any:** 549300GRQCWQ3XGH0H10

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,758.60

**Brokers Record: 5**

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

- **ii. SEC file number:** 8-50140

- **iii. CRD number:** 000043098

- **iv. LEI, if any:** 254900FPPM2WN90D4786

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,057.52

**Brokers Record: 6**

- **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:** $2,862.09

**Brokers Record: 7**

- **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:** $3,703.34

**Brokers Record: 8**

- **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:** $5,147.48

**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:** $2,591.71

**Brokers Record: 10**

- **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:** $2,690.57

**Aggregate Commission:** $39,602.89

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

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| National Securities Clearing Corporation             | 8-164             | 000007569    | 549300RYC9NELN2ICA34 | NJ      | US        | $4,777,928,546.11         |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $113,140,000.00           |
| Barclays Capital Inc.                                | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $551.20                   |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $4,891,069,097.31

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $1,214,666,410.48

**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 Company

  - **Line Institutions Record: 2 Name of institution:** Banco Bilbao Vizcaya Argentaria, S.A. New York Branch

  - **Line Institutions Record: 3 Name of institution:** Societe Generale

  - **Line Institutions Record: 4 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 5 Name of institution:** The Toronto-Dominion Bank, New York Branch

  - **Line Institutions Record: 6 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 7 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 8 Name of institution:** BNP Paribas

  - **Line Institutions Record: 9 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 10 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 11 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 12 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 13 Name of institution:** Standard Chartered Bank

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

  - **Line Institutions Record: 15 Name of institution:** Royal Bank of Canada

  - **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:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 19 Name of institution:** JPMorgan Chase Bank, N.A.

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

  - **Line Institutions Record: 21 Name of institution:** The Bank of New York Mellon

- **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   |
|:---|:---|
| iShares Large Cap Value Active ETF                           | 811-23402         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock Sustainable Aware Advantage Global Equity Fund     | 811-05742         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| iShares U.S. Industry Rotation Active ETF                    | 811-23402         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock Total Return Fund                                  | 811-02857         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| iShares FinTech Active ETF                                   | 811-23402         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock U.S. Carbon Transition Readiness ETF               | 811-23402         |
| iShares International Country Rotation Active ETF            | 811-23402         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| BATS: Series C Portfolio                                     | 811-21457         |
| International Tilts Master Portfolio                         | 811-08162         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| iShares Large Cap Core Active ETF                            | 811-23402         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| iShares U.S. Equity Factor Rotation Active ETF               | 811-23402         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| Master Small Cap Index Series                                | 811-07885         |
| iShares High Yield Active ETF                                | 811-23511         |
| iShares Total Return Active ETF                              | 811-23511         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| BlackRock International V.I. Fund                            | 811-03290         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| iShares International Dividend Active ETF                    | 811-23402         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| iShares Health Innovation Active ETF                         | 811-23402         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock Income Fund                                        | 811-23339         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |

- **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

### Management Investment Record: 9 - iShares U.S. Equity Factor Rotation Active ETF

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

- **a. Full Name of the Fund:** iShares U.S. Equity Factor Rotation Active ETF

- **b. Series identification number, if any:** S000064945

- **c. LEI:** 549300GSJ4RMBYLWSX89

- **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 | iShares U.S. Equity Factor Rotation Active ETF | C000210296                                | DYNF                         |

**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

-   [x] 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

- [ ] 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:** $34,909,729.14

- **g. Provide the net income from securities lending activities:** $84,271.00

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

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

- Rule 6c-11 (17 CFR 270.6c-11)

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

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(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:** 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:** ICE Data Services, Inc.

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

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

- **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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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:** HSBC Securities (USA) Inc.

- **ii. LEI, if any:** CYYGQCGNHMHPSMRL3R97

- **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: 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))

- **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?:** 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:** BMO Capital Markets Corp.

- **ii. SEC file number:** 8-34344

- **iii. CRD number:** 000016686

- **iv. LEI, if any:** RUC0QBLBRPRCU4W1NE59

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $108,476.04

**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:** $272,617.96

**Brokers Record: 3**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $294,957.70

**Brokers Record: 4**

- **i. Full name of broker:** Oppenheimer & Co. Inc.

- **ii. SEC file number:** 8-4077

- **iii. CRD number:** 000000249

- **iv. LEI, if any:** 254900VH02JQR2L8XD64

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $82,292.86

**Brokers Record: 5**

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

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

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $112,230.39

**Brokers Record: 6**

- **i. Full name of broker:** Stuart Frankel & Co., Incorporated

- **ii. SEC file number:** 8-17419

- **iii. CRD number:** 000014593

- **iv. LEI, if any:** 254900XE1RBF5OLE0T50

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $74,816.14

**Brokers Record: 7**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $86,169.24

**Brokers Record: 8**

- **i. Full name of broker:** Roth Capital Partners, LLC

- **ii. SEC file number:** 8-32129

- **iii. CRD number:** 000015407

- **iv. LEI, if any:** 549300FMF3TPT1HFRF48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $84,846.80

**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:** $81,480.43

**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:** $109,975.76

**Aggregate Commission:** $1,885,575.51

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

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| National Securities Clearing Corporation             | 8-164             | 000007569    | 549300RYC9NELN2ICA34 | NJ      | US        | $17,019,346,163.78        |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $1,225,040,000.00         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $18,244,386,163.78

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

- **Item C.19.a - Fund's monthly average net assets:** $14,747,010,258.95

**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:** Citibank, N.A.

  - **Line Institutions Record: 2 Name of institution:** Societe Generale

  - **Line Institutions Record: 3 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 4 Name of institution:** Mizuho Bank, Ltd.

  - **Line Institutions Record: 5 Name of institution:** Bank of America, N.A.

  - **Line Institutions Record: 6 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 7 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 8 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 9 Name of institution:** Barclays Bank PLC

  - **Line Institutions Record: 10 Name of institution:** Brown Brothers Harriman & Co.

  - **Line Institutions Record: 11 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 12 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 13 Name of institution:** MUFG Bank, Ltd.

  - **Line Institutions Record: 14 Name of institution:** The Toronto-Dominion Bank, New York Branch

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

  - **Line Institutions Record: 16 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 17 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 18 Name of institution:** BNP Paribas

  - **Line Institutions Record: 19 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 20 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 21 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   |
|:---|:---|
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| iShares Large Cap Value Active ETF                           | 811-23402         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| iShares Total Return Active ETF                              | 811-23511         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock Total Return Fund                                  | 811-02857         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| iShares U.S. Thematic Rotation Active ETF                    | 811-23402         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BATS: Series V Portfolio                                     | 811-21457         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BATS: Series A Portfolio                                     | 811-21457         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| iShares FinTech Active ETF                                   | 811-23402         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BATS: Series S Portfolio                                     | 811-21457         |
| iShares International Dividend Active ETF                    | 811-23402         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| BATS: Series C Portfolio                                     | 811-21457         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| iShares International Country Rotation Active ETF            | 811-23402         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock Managed Income Fund                                | 811-22061         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| iShares High Yield Active ETF                                | 811-23511         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| iShares Large Cap Core Active ETF                            | 811-23402         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| BATS: Series E Portfolio                                     | 811-21457         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| iShares Health Innovation Active ETF                         | 811-23402         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock U.S. Carbon Transition Readiness ETF               | 811-23402         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| iShares U.S. Industry Rotation Active ETF                    | 811-23402         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| BlackRock Sustainable Aware Advantage Global Equity Fund     | 811-05742         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock Income Fund                                        | 811-23339         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |

- **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

### Management Investment Record: 10 - iShares Large Cap Core Active ETF

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

- **a. Full Name of the Fund:** iShares Large Cap Core Active ETF

- **b. Series identification number, if any:** S000082317

- **c. LEI:** 529900A7ILHZXS41FQ88

- **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 | iShares Large Cap Core Active ETF | C000245618                                | BLCR                         |

**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

-   [x] 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

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**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:** $57,695.23

- **g. Provide the net income from securities lending activities:** $215.00

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

Did the Fund rely on the following rules?

- Rule 6c-11 (17 CFR 270.6c-11)

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

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

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

- 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 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:** ICE Data Services, Inc.

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

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

- **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:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **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:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

- **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:** BNP Paribas Securities Corp.

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

- **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: 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))

- **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?:** 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:** Cowen and Company, LLC

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

- **iii. CRD number:** 000007616

- **iv. LEI, if any:** SUVUFHICNZMP2WKHG940

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $254.20

**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:** $218.33

**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:** $67.61

**Brokers Record: 4**

- **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:** $39.99

**Brokers Record: 5**

- **i. Full name of broker:** CastleOak Securities, L.P.

- **ii. SEC file number:** 8-65786

- **iii. CRD number:** 000125334

- **iv. LEI, if any:** 549300MXL7C60HZ59S65

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $6.94

**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:** $428.63

**Brokers Record: 7**

- **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:** $151.64

**Brokers Record: 8**

- **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:** $209.08

**Brokers Record: 9**

- **i. Full name of broker:** Jefferies LLC

- **ii. SEC file number:** 8-15074

- **iii. CRD number:** 000002347

- **iv. LEI, if any:** 58PU97L1C0WSRCWADL48

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $27.51

**Brokers Record: 10**

- **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:** $137.56

**Aggregate Commission:** $1,541.49

**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        | $1,830,000.00             |
| National Securities Clearing Corporation             | 8-164             | 000007569    | 549300RYC9NELN2ICA34 | NJ      | US        | $8,503,332.29             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $10,333,332.29

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $7,892,135.12

**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:** Societe Generale

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

  - **Line Institutions Record: 3 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 4 Name of institution:** Royal Bank of Canada

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

  - **Line Institutions Record: 6 Name of institution:** BNP Paribas

  - **Line Institutions Record: 7 Name of institution:** Bank of America, N.A.

  - **Line Institutions Record: 8 Name of institution:** Bank of Montreal

  - **Line Institutions Record: 9 Name of institution:** The Toronto-Dominion Bank, New York Branch

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

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

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

  - **Line Institutions Record: 13 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 14 Name of institution:** Wells Fargo Bank, N.A.

  - **Line Institutions Record: 15 Name of institution:** JPMorgan Chase Bank, N.A.

  - **Line Institutions Record: 16 Name of institution:** Morgan Stanley Bank, N.A.

  - **Line Institutions Record: 17 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 18 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 19 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 20 Name of institution:** Citibank, N.A.

  - **Line Institutions Record: 21 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   |
|:---|:---|
| BlackRock LifePath ESG Index 2050 Fund                       | 811-07332         |
| U.S. Total Bond Index Master Portfolio                       | 811-08162         |
| BlackRock LifePath Dynamic 2070 Fund                         | 811-07332         |
| BlackRock LifePath ESG Index 2030 Fund                       | 811-07332         |
| BlackRock Systematic Multi-Strategy Fund                     | 811-23341         |
| BlackRock Strategic Municipal Opportunities Fund             | 811-04802         |
| iShares Total U.S. Stock Market Index Fund                   | 811-05742         |
| iShares Municipal Bond Index Fund                            | 811-05742         |
| BlackRock Allocation Target Shares: Series I Portfolio       | 811-21457         |
| BlackRock Managed Volatility V.I. Fund                       | 811-03290         |
| BATS: Series S Portfolio                                     | 811-21457         |
| BlackRock Total Return V.I. Fund                             | 811-23346         |
| BlackRock 60/40 Target Allocation Fund                       | 811-22061         |
| BlackRock Pennsylvania Municipal Bond Fund                   | 811-04375         |
| BlackRock Equity Dividend Fund                               | 811-05178         |
| BlackRock LifePath Dynamic 2055 Fund                         | 811-07332         |
| iShares Floating Rate Loan Active ETF                        | 811-23511         |
| iShares Large Cap Moderate Buffer ETF                        | 811-23511         |
| BlackRock Sustainable Total Return Fund                      | 811-02857         |
| Diversified Equity Master Portfolio                          | 811-08162         |
| BlackRock Advantage SMID Cap V.I. Fund                       | 811-03290         |
| BlackRock LifePath ESG Index 2065 Fund                       | 811-07332         |
| BlackRock LifePath Dynamic 2035 Fund                         | 811-07332         |
| iShares Health Innovation Active ETF                         | 811-23402         |
| BlackRock Global Allocation Fund, Inc.                       | 811-05576         |
| iShares International Country Rotation Active ETF            | 811-23402         |
| BlackRock Short Obligations Fund                             | 811-05742         |
| BlackRock Advantage Large Cap Core Fund                      | 811-09637         |
| BlackRock Basic Value V.I. Fund                              | 811-03290         |
| BlackRock Emerging Markets Fund, Inc.                        | 811-05723         |
| iShares U.S. Intermediate Credit Bond Index Fund             | 811-05742         |
| iShares Advantage Large Cap Income ETF                       | 811-23402         |
| iShares U.S. Equity Factor Rotation Active ETF               | 811-23402         |
| iShares U.S. Select Equity Active ETF                        | 811-23402         |
| BlackRock LifePath Index 2060 Fund                           | 811-07332         |
| BlackRock LifePath Index 2045 Fund                           | 811-07332         |
| BlackRock Balanced Portfolio                                 | 811-03091         |
| BlackRock LifePath Dynamic 2050 Fund                         | 811-07332         |
| BlackRock New York Municipal Opportunities Fund              | 811-04375         |
| BlackRock 20/80 Target Allocation Fund                       | 811-22061         |
| BlackRock Diversified Fixed Income Fund                      | 811-07332         |
| BlackRock Defensive Advantage Emerging Markets Fund          | 811-05742         |
| iShares Total Return Active ETF                              | 811-23511         |
| BlackRock Mid-Cap Growth Equity Portfolio                    | 811-05742         |
| iShares High Yield Muni Income Active ETF                    | 811-23511         |
| iShares U.S. Intermediate Government Bond Index Fund         | 811-05742         |
| BlackRock 80/20 Target Allocation Fund                       | 811-22061         |
| BlackRock LifePath Dynamic 2040 Fund                         | 811-07332         |
| BlackRock Total Return Fund                                  | 811-02857         |
| iShares Large Cap Value Active ETF                           | 811-23402         |
| BlackRock U.S. Insights Long/Short Equity Fund               | 811-05742         |
| BlackRock Low Duration Bond Portfolio                        | 811-23339         |
| BlackRock LifePath ESG Index 2045 Fund                       | 811-07332         |
| Total International Ex U.S. Index Master Portfolio           | 811-08162         |
| BlackRock Global Dividend Portfolio                          | 811-22061         |
| BlackRock High Yield Portfolio                               | 811-23339         |
| BlackRock Small Cap Index V.I. Fund                          | 811-03290         |
| BlackRock Sustainable Advantage Large Cap Core Fund          | 811-05742         |
| iShares Russell Small/Mid-Cap Index Fund                     | 811-05742         |
| BlackRock LifePath Index 2050 Fund                           | 811-07332         |
| BlackRock LifePath Index 2035 Fund                           | 811-07332         |
| BATS: Series C Portfolio                                     | 811-21457         |
| iShares Intermediate Muni Income Active ETF                  | 811-23511         |
| BATS: Series M Portfolio                                     | 811-21457         |
| BlackRock Retirement Income 2030 Fund                        | 811-22061         |
| BlackRock Energy Opportunities Fund                          | 811-05742         |
| BlackRock LifePath ESG Index 2040 Fund                       | 811-07332         |
| iShares High Yield Muni Active ETF                           | 811-23511         |
| BlackRock International Fund                                 | 811-08797         |
| BlackRock Advantage Global Fund, Inc.                        | 811-07171         |
| iShares U.S. Long Government Bond Index Fund                 | 811-05742         |
| iShares BBB-B CLO Active ETF                                 | 811-23511         |
| BlackRock LifePath Dynamic 2060 Fund                         | 811-07332         |
| BlackRock Capital Appreciation Portfolio                     | 811-03091         |
| BlackRock Strategic Income Opportunities Portfolio           | 811-23339         |
| iShares Short-Term TIPS Bond Index Fund                      | 811-05742         |
| BlackRock Advantage Large Cap Core Portfolio                 | 811-03091         |
| BlackRock Mortgage-Backed Securities Fund                    | 811-23339         |
| BlackRock Advantage Large Cap Core V.I. Fund                 | 811-03290         |
| BlackRock LifePath Dynamic 2030 Fund                         | 811-07332         |
| BlackRock Retirement Income 2040 Fund                        | 811-22061         |
| BlackRock High Yield V.I. Fund                               | 811-23346         |
| iShares FinTech Active ETF                                   | 811-23402         |
| BlackRock Health Sciences Opportunities Portfolio            | 811-05742         |
| BlackRock 40/60 Target Allocation Fund                       | 811-22061         |
| BlackRock LifePath Dynamic 2045 Fund                         | 811-07332         |
| BlackRock LifePath Index Retirement Fund                     | 811-07332         |
| BlackRock New Jersey Municipal Bond Fund                     | 811-04375         |
| BlackRock International Index V.I. Fund                      | 811-03290         |
| BlackRock International Select Equity Fund                   | 811-04612         |
| BlackRock Core Bond Portfolio                                | 811-23339         |
| Master Small Cap Index Series                                | 811-07885         |
| BlackRock Advantage SMID Cap Fund, Inc.                      | 811-02809         |
| BlackRock Global Equity Market Neutral Fund                  | 811-05742         |
| iShares Enhanced Short-Term Bond Active ETF                  | 811-23402         |
| BlackRock International V.I. Fund                            | 811-03290         |
| BlackRock Sustainable Advantage Emerging Markets Equity Fund | 811-05742         |
| BlackRock Dynamic High Income Portfolio                      | 811-22061         |
| Advantage CoreAlpha Bond Master Portfolio                    | 811-23343         |
| BlackRock LifePath ESG Index 2055 Fund                       | 811-07332         |
| BlackRock U.S. Carbon Transition Readiness ETF               | 811-23402         |
| BlackRock Real Estate Securities Fund                        | 811-05742         |
| BlackRock Floating Rate Income Portfolio                     | 811-23339         |
| BlackRock LifePath ESG Index 2070 Fund                       | 811-07332         |
| BlackRock Sustainable High Yield Bond Fund                   | 811-23339         |
| BlackRock Natural Resources Trust                            | 811-04282         |
| BlackRock Large Cap Focus Growth Fund, Inc.                  | 811-09651         |
| BlackRock Advantage Large Cap Growth Fund                    | 811-05742         |
| iShares Short-Term California Muni Active ETF                | 811-23511         |
| BlackRock Global Allocation V.I. Fund                        | 811-03290         |
| BlackRock Sustainable Emerging Markets Equity Fund           | 811-02661         |
| BATS: Series A Portfolio                                     | 811-21457         |
| BlackRock LifePath Index 2040 Fund                           | 811-07332         |
| iShares U.S. Industry Rotation Active ETF                    | 811-23402         |
| BlackRock Impact Municipal Fund                              | 811-02688         |
| BlackRock Multi-Asset Income Portfolio                       | 811-22061         |
| BlackRock U.S. Mortgage Portfolio                            | 811-23340         |
| BlackRock Large Cap Focus Growth V.I. Fund                   | 811-03290         |
| BATS: Series V Portfolio                                     | 811-21457         |
| iShares A.I. Innovation and Tech Active ETF                  | 811-23402         |
| BlackRock Large Cap Focus Value Fund, Inc.                   | 811-02739         |
| BlackRock Income Fund                                        | 811-23339         |
| Large Cap Index Master Portfolio                             | 811-08162         |
| iShares Managed Futures Active ETF-Aggregate                 | 811-23402         |
| iShares FTSE NAREIT All Equity REIT Index Fund               | 811-05742         |
| BlackRock LifePath ESG Index 2035 Fund                       | 811-07332         |
| BlackRock Event Driven Equity Fund                           | 811-09637         |
| BlackRock California Municipal Opportunities Fund            | 811-04264         |
| BlackRock LifePath Index 2055 Fund                           | 811-07332         |
| BlackRock Advantage Small Cap Growth Fund                    | 811-05742         |
| iShares Technology Opportunities Active ETF                  | 811-23402         |
| BATS: Series P Portfolio                                     | 811-21457         |
| BlackRock Advantage Large Cap Value V.I. Fund                | 811-03290         |
| BlackRock Credit Relative Value Fund                         | 811-23341         |
| BlackRock Sustainable Aware Advantage Global Equity Fund     | 811-05742         |
| BlackRock LifePath Index 2070 Fund                           | 811-07332         |
| BlackRock Mid-Cap Value Fund                                 | 811-07177         |
| BlackRock National Municipal Fund                            | 811-02688         |
| BlackRock Advantage Emerging Markets Fund                    | 811-05742         |
| BlackRock Capital Appreciation Fund, Inc.                    | 811-06669         |
| BlackRock Balanced Fund, Inc.                                | 811-02405         |
| iShares U.S. Securitized Bond Index Fund                     | 811-05742         |
| BlackRock Managed Income Fund                                | 811-22061         |
| iShares AAA CLO Active ETF                                   | 811-23511         |
| BlackRock 60/40 Target Allocation ETF V.I. Fund              | 811-03290         |
| iShares High Yield Active ETF                                | 811-23511         |
| BlackRock Tactical Opportunities Fund                        | 811-05742         |
| BlackRock Short Duration Muni Fund                           | 811-02688         |
| iShares International Dividend Active ETF                    | 811-23402         |
| BlackRock LifePath Index 2065 Fund                           | 811-07332         |
| BlackRock Commodity Strategies Fund                          | 811-05742         |
| iShares Developed Real Estate Index Fund                     | 811-05742         |
| BlackRock GA Dynamic Equity Fund                             | 811-21763         |
| BATS: Series E Portfolio                                     | 811-21457         |
| iShares Flexible Income Active ETF                           | 811-23511         |
| BlackRock High Equity Income Fund                            | 811-05742         |
| BlackRock World ex U.S. Carbon Transition Readiness ETF      | 811-23402         |
| BlackRock Equity Dividend V.I. Fund                          | 811-03290         |
| BlackRock High Yield Portfolio                               | 811-23345         |
| BlackRock Unconstrained Equity Fund                          | 811-21759         |
| BlackRock LifePath ESG Index 2060 Fund                       | 811-07332         |
| BlackRock Global Allocation Portfolio                        | 811-03091         |
| S&P 500 Index Master Portfolio                               | 811-08162         |
| BlackRock Impact Mortgage Fund                               | 811-23339         |
| BlackRock Technology Opportunities Fund                      | 811-05742         |
| iShares Enhanced Roll Yield Index Fund                       | 811-05742         |
| BlackRock Capital Appreciation V.I. Fund                     | 811-03290         |
| International Tilts Master Portfolio                         | 811-08162         |
| BlackRock Inflation Protected Bond Portfolio                 | 811-23339         |
| iShares Large Cap Growth Active ETF                          | 811-23402         |
| iShares Large Cap Deep Buffer ETF                            | 811-23511         |
| iShares MSCI EAFE International Index Fund                   | 811-07899         |
| BlackRock Advantage International Fund                       | 811-05742         |
| BlackRock LifePath Index 2030 Fund                           | 811-07332         |
| BlackRock LifePath ESG Index Retirement Fund                 | 811-07332         |
| BlackRock Exchange Portfolio                                 | 811-05742         |
| BlackRock Sustainable Advantage International Equity Fund    | 811-05742         |
| BlackRock Emerging Markets ex-China Fund                     | 811-05742         |
| BlackRock S&P 500 Index V.I. Fund                            | 811-03290         |
| BlackRock Advantage Large Cap Value Fund                     | 811-09637         |
| BlackRock Advantage Small Cap Core Fund                      | 811-05742         |
| BlackRock LifePath Dynamic 2065 Fund                         | 811-07332         |
| BlackRock China A Opportunities Fund                         | 811-05742         |
| BlackRock GA Disciplined Volatility Equity Fund              | 811-21763         |
| BlackRock Strategic Global Bond Fund, Inc.                   | 811-05603         |
| iShares U.S. Long Credit Bond Index Fund                     | 811-05742         |
| iShares Russell Mid-Cap Index Fund                           | 811-05742         |
| BlackRock LifePath Dynamic Retirement Fund                   | 811-07332         |
| iShares U.S. Thematic Rotation Active ETF                    | 811-23402         |

- **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

## Part E: Additional Questions for ETFs and ETMFs

### iShares International Country Rotation Active ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** CORO

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Citadel Securities LLC                    | $0.00            | $0.00          |
| BNY Capital Markets, LLC                  | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $1,069,154.00    | $0.00          |
| UBS Securities LLC                        | $0.00            | $0.00          |
| Virtu Americas LLC                        | $0.00            | $0.00          |
| BMO Capital Markets Corp.                 | $0.00            | $0.00          |
| Cowen and Company, LLC                    | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC                   | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| SG Americas Securities, LLC               | $0.00            | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $0.00            | $0.00          |
| Nomura Securities International, Inc.     | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.                | $0.00            | $0.00          |
| Jane Street Capital, LLC                  | $3,283,873.28    | $0.00          |
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $0.00            | $0.00          |
| BofA Securities, Inc.                     | $5,000,000.00    | $0.00          |
| HRT Financial LP                          | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.             | $0.00            | $0.00          |
| TD Prime Services LLC                     | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |
| Barclays Capital Inc.                     | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| State Street Global Markets, LLC          | $0.00            | $0.00          |
| Citigroup Global Markets Inc.             | $0.00            | $0.00          |
| Cowen Execution Services LLC              | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.                 | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.             | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 20,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 11.66%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $100.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### iShares FinTech Active ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** BPAY

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Scotia Capital (USA) Inc.                 | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| BMO Capital Markets Corp.                 | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| Jane Street Capital, LLC                  | $1,061,915.84    | $0.00          |
| Deutsche Bank Securities Inc.             | $0.00            | $0.00          |
| HRT Financial LP                          | $0.00            | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $0.00            | $0.00          |
| Citadel Securities LLC                    | $0.00            | $0.00          |
| Cowen and Company, LLC                    | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.                | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $1,249,090.80    | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| Cowen Execution Services LLC              | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| Barclays Capital Inc.                     | $0.00            | $0.00          |
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $0.00            | $0.00          |
| BofA Securities, Inc.                     | $0.00            | $0.00          |
| SG Americas Securities, LLC               | $0.00            | $0.00          |
| State Street Global Markets, LLC          | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.             | $0.00            | $0.00          |
| TD Prime Services LLC                     | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| BNY Capital Markets, LLC                  | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| Virtu Americas LLC                        | $1,195,860.00    | $0.00          |
| Goldman Sachs & Co. LLC                   | $0.00            | $0.00          |
| Citigroup Global Markets Inc.             | $0.00            | $0.00          |
| Nomura Securities International, Inc.     | $0.00            | $0.00          |
| UBS Securities LLC                        | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 40,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 14.23%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $300.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### BlackRock U.S. Carbon Transition Readiness ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** LCTU

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| BNY Capital Markets, LLC                  | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.             | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| BMO Capital Markets Corp.                 | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $0.00            | $0.00          |
| HRT Financial LP                          | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| Citadel Securities LLC                    | $7,796,356.11    | $20,803,788.51 |
| Citigroup Global Markets Inc.             | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $0.00            | $0.00          |
| State Street Global Markets, LLC          | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC                   | $9,644,131.28    | $27,486,901.60 |
| Jane Street Capital, LLC                  | $9,976,348.23    | $57,412,564.33 |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.                | $0.00            | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $0.00            | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| UBS Securities LLC                        | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| Virtu Americas LLC                        | $3,180,507.80    | $22,404,677.70 |
| Nomura Securities International, Inc.     | $0.00            | $0.00          |
| Cowen and Company, LLC                    | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.                 | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.             | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| SG Americas Securities, LLC               | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| Barclays Capital Inc.                     | $0.00            | $0.00          |
| BofA Securities, Inc.                     | $14,317,529.48   | $21,363,832.73 |
| TD Prime Services LLC                     | $0.00            | $0.00          |
| Cowen Execution Services LLC              | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 1.78%

- **c.i. Average percentage of value composed of cash (redeemed):** 1.72%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $500.35

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### iShares U.S. Industry Rotation Active ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** INRO

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| HSBC Securities (USA) Inc.                | $0.00            | $0.00          |
| HRT Financial LP                          | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $0.00            | $0.00          |
| Nomura Securities International, Inc.     | $0.00            | $0.00          |
| Citigroup Global Markets Inc.             | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $0.00            | $0.00          |
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| BofA Securities, Inc.                     | $1,627,667.36    | $579,958.84    |
| Scotia Capital (USA) Inc.                 | $0.00            | $0.00          |
| Barclays Capital Inc.                     | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |
| Citadel Securities LLC                    | $7,097,441.74    | $1,128,631.04  |
| UBS Securities LLC                        | $0.00            | $0.00          |
| Cowen Execution Services LLC              | $0.00            | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| SG Americas Securities, LLC               | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| BMO Capital Markets Corp.                 | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.             | $0.00            | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| Virtu Americas LLC                        | $9,743,621.20    | $0.00          |
| BNY Capital Markets, LLC                  | $0.00            | $0.00          |
| State Street Global Markets, LLC          | $0.00            | $0.00          |
| TD Prime Services LLC                     | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.             | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC                   | $2,128,652.42    | $2,201,362.82  |
| Cowen and Company, LLC                    | $0.00            | $0.00          |
| Jane Street Capital, LLC                  | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 20,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 3.22%

- **c.i. Average percentage of value composed of cash (redeemed):** 2.66%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $695.94

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### iShares Health Innovation Active ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** BMED

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| BMO Capital Markets Corp.                 | $0.00            | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| State Street Global Markets, LLC          | $0.00            | $0.00          |
| Virtu Americas LLC                        | $0.00            | $0.00          |
| UBS Securities LLC                        | $0.00            | $0.00          |
| Cowen and Company, LLC                    | $0.00            | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| TD Prime Services LLC                     | $0.00            | $0.00          |
| SG Americas Securities, LLC               | $0.00            | $0.00          |
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| Nomura Securities International, Inc.     | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.             | $0.00            | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.                 | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC                   | $0.00            | $0.00          |
| Cowen Execution Services LLC              | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $0.00            | $1,026,177.56  |
| BofA Securities, Inc.                     | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| BNY Capital Markets, LLC                  | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.                | $0.00            | $0.00          |
| Barclays Capital Inc.                     | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $985,214.36      | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| HRT Financial LP                          | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.             | $0.00            | $0.00          |
| Citigroup Global Markets Inc.             | $0.00            | $0.00          |
| Jane Street Capital, LLC                  | $0.00            | $0.00          |
| Citadel Securities LLC                    | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 40,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 7.34%

- **c.i. Average percentage of value composed of cash (redeemed):** 5.75%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $900.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### iShares Large Cap Value Active ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** BLCV

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| BofA Securities, Inc.                     | $9,041,678.55    | $671,777.56    |
| Merrill Lynch Professional Clearing Corp. | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC                   | $3,008,408.14    | $1,966,571.92  |
| Barclays Capital Inc.                     | $0.00            | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $0.00            | $0.00          |
| HRT Financial LP                          | $0.00            | $0.00          |
| Nomura Securities International, Inc.     | $0.00            | $0.00          |
| TD Prime Services LLC                     | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.                | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.             | $0.00            | $0.00          |
| UBS Securities LLC                        | $0.00            | $0.00          |
| BNY Capital Markets, LLC                  | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| Jane Street Capital, LLC                  | $0.00            | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| State Street Global Markets, LLC          | $0.00            | $0.00          |
| BMO Capital Markets Corp.                 | $0.00            | $0.00          |
| Virtu Americas LLC                        | $15,333,559.86   | $0.00          |
| Citigroup Global Markets Inc.             | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.             | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| Cowen Execution Services LLC              | $0.00            | $0.00          |
| Cowen and Company, LLC                    | $0.00            | $0.00          |
| Citadel Securities LLC                    | $18,167,425.37   | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.                 | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |
| SG Americas Securities, LLC               | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 40,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 7.61%

- **c.i. Average percentage of value composed of cash (redeemed):** 12.49%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $214.83

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### BlackRock World ex U.S. Carbon Transition Readiness ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** LCTD

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| Cowen Execution Services LLC              | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| Jane Street Capital, LLC                  | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.             | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC                   | $0.00            | $79,202,361.98 |
| HSBC Securities (USA) Inc.                | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $10,244,287.73   | $9,965,447.78  |
| Citigroup Global Markets Inc.             | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $0.00            | $0.00          |
| BofA Securities, Inc.                     | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| Barclays Capital Inc.                     | $0.00            | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| HRT Financial LP                          | $0.00            | $0.00          |
| Nomura Securities International, Inc.     | $0.00            | $0.00          |
| TD Prime Services LLC                     | $0.00            | $0.00          |
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| State Street Global Markets, LLC          | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |
| BNY Capital Markets, LLC                  | $0.00            | $0.00          |
| Citadel Securities LLC                    | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| BMO Capital Markets Corp.                 | $0.00            | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $0.00            | $0.00          |
| UBS Securities LLC                        | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.             | $0.00            | $0.00          |
| SG Americas Securities, LLC               | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.                 | $0.00            | $0.00          |
| Virtu Americas LLC                        | $0.00            | $0.00          |
| Cowen and Company, LLC                    | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 75,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 3.13%

- **c.i. Average percentage of value composed of cash (redeemed):** 3.17%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $8,000.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### iShares U.S. Thematic Rotation Active ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** THRO

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value    | Redeem Value   |
|:---|:---|:---|
| Mizuho Securities USA LLC                 | $0.00             | $0.00          |
| Barclays Capital Inc.                     | $0.00             | $0.00          |
| BofA Securities, Inc.                     | $3,487,291,522.90 | $4,139,421.12  |
| Cowen Execution Services LLC              | $0.00             | $0.00          |
| Scotia Capital (USA) Inc.                 | $0.00             | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00             | $0.00          |
| State Street Global Markets, LLC          | $0.00             | $0.00          |
| UBS Securities LLC                        | $0.00             | $0.00          |
| HSBC Securities (USA) Inc.                | $0.00             | $0.00          |
| ABN AMRO Clearing USA LLC                 | $13,125,263.10    | $0.00          |
| TD Prime Services LLC                     | $0.00             | $0.00          |
| Pershing LLC                              | $54,669,892.50    | $0.00          |
| BMO Capital Markets Corp.                 | $0.00             | $0.00          |
| BNP Paribas Securities Corp.              | $0.00             | $0.00          |
| Deutsche Bank Securities Inc.             | $0.00             | $0.00          |
| J.P. Morgan Securities LLC                | $0.00             | $0.00          |
| SG Americas Securities, LLC               | $0.00             | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00             | $0.00          |
| ITAU BBA USA Securities, Inc.             | $0.00             | $0.00          |
| Nomura Securities International, Inc.     | $0.00             | $0.00          |
| BNY Capital Markets, LLC                  | $0.00             | $0.00          |
| Cowen and Company, LLC                    | $0.00             | $0.00          |
| Citigroup Global Markets Inc.             | $693,483.06       | $674,127.66    |
| RBC Capital Markets, LLC                  | $312,730,766.50   | $23,576,270.16 |
| Virtu Americas LLC                        | $398,963,730.02   | $3,843,867.72  |
| Wells Fargo Securities, LLC               | $0.00             | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $165,764,064.64   | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00             | $0.00          |
| Jefferies LLC                             | $0.00             | $0.00          |
| Goldman Sachs & Co. LLC                   | $238,631,821.60   | $1,352,952.92  |
| Citadel Securities LLC                    | $132,521,239.12   | $1,374,656.44  |
| HRT Financial LP                          | $0.00             | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00             | $0.00          |
| Jane Street Capital, LLC                  | $30,983,587.38    | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $0.00             | $0.00          |
| CIBC World Markets Corp.                  | $0.00             | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 40,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 1.94%

- **c.i. Average percentage of value composed of cash (redeemed):** 1.79%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $420.65

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### iShares U.S. Equity Factor Rotation Active ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** DYNF

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value    | Redeem Value      |
|:---|:---|:---|
| J.P. Morgan Securities LLC/JPMC           | $2,139,814,146.78 | $1,934,679,728.65 |
| HSBC Securities (USA) Inc.                | $0.00             | $0.00             |
| State Street Global Markets, LLC          | $0.00             | $0.00             |
| Virtu Americas LLC                        | $784,333,984.62   | $31,092,608.43    |
| CIBC World Markets Corp.                  | $0.00             | $0.00             |
| ABN AMRO Clearing USA LLC                 | $193,022,884.63   | $0.00             |
| Credit Suisse Securities (USA) LLC        | $0.00             | $0.00             |
| RBC Capital Markets, LLC                  | $1,761,386,597.23 | $13,082,368.25    |
| Barclays Capital Inc.                     | $0.00             | $0.00             |
| Pershing LLC                              | $1,241,012,505.60 | $0.00             |
| Cowen and Company, LLC                    | $0.00             | $0.00             |
| Merrill Lynch Professional Clearing Corp. | $0.00             | $0.00             |
| BNY Capital Markets, LLC                  | $0.00             | $0.00             |
| ITAU BBA USA Securities, Inc.             | $0.00             | $0.00             |
| J.P. Morgan Securities LLC                | $0.00             | $0.00             |
| Wells Fargo Securities, LLC               | $0.00             | $0.00             |
| TD Prime Services LLC                     | $0.00             | $0.00             |
| BMO Capital Markets Corp.                 | $0.00             | $0.00             |
| BNP Paribas Securities Corp.              | $0.00             | $0.00             |
| Cowen Execution Services LLC              | $0.00             | $0.00             |
| Mizuho Securities USA LLC                 | $0.00             | $0.00             |
| Mirae Asset Securities (USA) Inc.         | $0.00             | $0.00             |
| HRT Financial LP                          | $0.00             | $0.00             |
| Morgan Stanley & Co. LLC                  | $0.00             | $0.00             |
| Goldman Sachs & Co. LLC                   | $1,429,857,155.12 | $890,208,434.85   |
| BofA Securities, Inc.                     | $1,906,542,037.13 | $425,303,890.55   |
| Nomura Securities International, Inc.     | $0.00             | $0.00             |
| Macquarie Capital (USA) Inc.              | $0.00             | $0.00             |
| SG Americas Securities, LLC               | $0.00             | $0.00             |
| Jane Street Capital, LLC                  | $1,813,384,608.64 | $14,949,717.75    |
| Citadel Securities LLC                    | $1,044,593,172.54 | $314,457,864.59   |
| Deutsche Bank Securities Inc.             | $0.00             | $0.00             |
| Scotia Capital (USA) Inc.                 | $0.00             | $0.00             |
| Jefferies LLC                             | $0.00             | $0.00             |
| Citigroup Global Markets Inc.             | $708,628,481.23   | $714,799,947.40   |
| UBS Securities LLC                        | $0.00             | $0.00             |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 25,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 2.35%

- **c.i. Average percentage of value composed of cash (redeemed):** 2.46%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $238.85

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### iShares Large Cap Core Active ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** BLCR

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| BNY Capital Markets, LLC                  | $0.00            | $0.00          |
| BMO Capital Markets Corp.                 | $0.00            | $0.00          |
| UBS Securities LLC                        | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.                | $0.00            | $0.00          |
| Citadel Securities LLC                    | $691,949.82      | $331,568.43    |
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| Cowen Execution Services LLC              | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| Cowen and Company, LLC                    | $0.00            | $0.00          |
| Jane Street Capital, LLC                  | $0.00            | $0.00          |
| SG Americas Securities, LLC               | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.                 | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| Citigroup Global Markets Inc.             | $1,971,180.10    | $1,981,098.80  |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC                   | $2,593,495.81    | $1,960,736.02  |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.             | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.             | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |
| BofA Securities, Inc.                     | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $0.00            | $0.00          |
| Virtu Americas LLC                        | $0.00            | $0.00          |
| TD Prime Services LLC                     | $0.00            | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $0.00            | $0.00          |
| Barclays Capital Inc.                     | $0.00            | $0.00          |
| Nomura Securities International, Inc.     | $0.00            | $0.00          |
| State Street Global Markets, LLC          | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| HRT Financial LP                          | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 4.85%

- **c.i. Average percentage of value composed of cash (redeemed):** 16.72%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $198.23

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** 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:** BlackRock ETF Trust

**Date:** 2025-10-11

**Signature:** Chuck Pulsfort

**Title:** Assistant Treasurer