# EDGAR Filing Document

**Accession Number:** 0001804196
**File Stem:** 0001410368-26-027059
**Filing Date:** 2026-3
**Character Count:** 161357
**Document Hash:** 4603b1a1d54c3d1bd7133b3b94cc9a17
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-027059.hdr.sgml**: 20260317

**ACCESSION NUMBER**: 0001410368-26-027059

**CONFORMED SUBMISSION TYPE**: N-CEN/A

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20260317

**DATE AS OF CHANGE**: 20260317

**EFFECTIVENESS DATE**: 20260317

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock ETF Trust II
- **CENTRAL INDEX KEY:** 0001804196

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

**FILING VALUES:**
- **FORM TYPE:** N-CEN/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23511
- **FILM NUMBER:** 26760963

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800 882 0052

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

## Series and Classes Contracts Data

### iShares High Yield Active ETF (Series ID: S000085059)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000249922 | iShares High Yield Active ETF |  |

### iShares High Yield Muni Active ETF (Series ID: S000088410)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000254671 | iShares High Yield Muni Active ETF |  |

### iShares Global Government Bond USD Hedged Active ETF (Series ID: S000092377)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000260349 | iShares Global Government Bond USD Hedged Active ETF |  |

### iShares Emerging Markets Bond Active ETF (Series ID: S000094754)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000263289 | iShares Emerging Markets Bond Active ETF |  |

## Internal

## **Report of Independent Registered Public Accounting Firm** 
To the Board of Trustees of BlackRock ETF Trust II and Shareholders of each of the two 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 year ended October 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 October 31, 2025.

------

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

December 22, 2025

------

**Appendix A**

**BlackRock ETF Trust II**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. iShares High Yield Active ETF

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. iShares High Yield Muni Active ETF

## Internal

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

**To the Shareholders of iShares Global Government Bond USD Hedged Active ETF and iShares Emerging Markets Bond Active ETF and the Board of Trustees of BlackRock ETF Trust II:**

In planning and performing our audits of the financial statements of iShares Global Government Bond USD Hedged ETF and iShares Emerging Markets Bond Active ETF,(the "Funds"), as of and for the year ended October 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 express no such opinion.

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 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 a material weakness, as defined above, as of October 31, 2025.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds 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/ Deloitte & Touche LLP

Boston, Massachusetts

December 22, 2025

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

## N-CEN: Filer Information
**Submission Type:** N-CEN/A
**CIK:** 0001804196

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

**Series ID Record:1**
- **Series ID:** S000085059

**Series ID Record:2**
- **Series ID:** S000088410

**Series ID Record:3**
- **Series ID:** S000092377

**Series ID Record:4**
- **Series ID:** S000094754

**Class ID Record:1**
- **Class ID:** C000249922

**Class ID Record:2**
- **Class ID:** C000254671

**Class ID Record:3**
- **Class ID:** C000260349

**Class ID Record:4**
- **Class ID:** C000263289

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

**Item A.1.a - Report for period ending:** 2025-10-31

**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 II

- **Item B.1.b - Investment Company Act file number:** 811-23511

- **Item B.1.c - CIK:** 0001804196

- **Item B.1.d - LEI:** 549300PLJCTZLQ2LE832

- **Item B.2.a - Street 1:** 100 BELLEVUE PARKWAY

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

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

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

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

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

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

**Location books Record: 1**

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

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

- **c. City:** San Francisco

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

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

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

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

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

**Location books Record: 2**

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

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

- **c. City:** Edinburgh

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

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

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

**Location books Record: 3**

- **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: 4**

- **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

- **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:** 14

- **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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|:---|:---|:---|
| Arthur P. Steinmetz | No                      | 811-02688, 811-02857, 811-04264, 811-04375, 811-04802, 811-05542, 811-05603, 811-05611, 811-06414, 811-06500, 811-06540, 811-06660, 811-06728, 811-07080, 811-07136, 811-07354, 811-07478, 811-07642, 811-08081, 811-08217, 811-08573, 811-08603, 811-08621, 811-09191, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21784, 811-21835, 811-21972, 811-22032, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23380, 811-23428, 811-23466, 811-23564, 811-23584, 811-23621, 811-23625, 811-23626, 811-23701                                                                                                                                                                                                                                                                                                                     |
| Catherine A. Lynch  | No                      | 811-02688, 811-02857, 811-04264, 811-04375, 811-04802, 811-05542, 811-05603, 811-05611, 811-06414, 811-06500, 811-06540, 811-06660, 811-06728, 811-07080, 811-07136, 811-07354, 811-07478, 811-07642, 811-08081, 811-08217, 811-08573, 811-08603, 811-08621, 811-09191, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21784, 811-21835, 811-21972, 811-22032, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23380, 811-23428, 811-23466, 811-23564, 811-23584, 811-23621, 811-23625, 811-23626, 811-23701                                                                                                                                                                                                                                                                                                                     |
| Cynthia L. Egan     | No                      | 811-02688, 811-02857, 811-04264, 811-04375, 811-04802, 811-05542, 811-05603, 811-05611, 811-06414, 811-06500, 811-06540, 811-06660, 811-06728, 811-07080, 811-07136, 811-07354, 811-07478, 811-07642, 811-08081, 811-08217, 811-08573, 811-08603, 811-08621, 811-09191, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21784, 811-21835, 811-21972, 811-22032, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23380, 811-23428, 811-23466, 811-23564, 811-23584, 811-23621, 811-23625, 811-23626, 811-23701                                                                                                                                                                                                                                                                                                                     |
| J. Phillip Holloman | No                      | 811-02688, 811-02857, 811-04264, 811-04375, 811-04802, 811-05542, 811-05603, 811-05611, 811-06414, 811-06500, 811-06540, 811-06660, 811-06728, 811-07080, 811-07136, 811-07354, 811-07478, 811-07642, 811-08081, 811-08217, 811-08573, 811-08603, 811-08621, 811-09191, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21784, 811-21835, 811-21972, 811-22032, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23428, 811-23466, 811-23564, 811-23621, 811-23625, 811-23626, 811-23701                                                                                                                                                                                                                                                                                                                                           |
| John M. Perlowski   | Yes                     | 811-02354, 811-02405, 811-02661, 811-02688, 811-02739, 811-02809, 811-02857, 811-03091, 811-03189, 811-03290, 811-04264, 811-04282, 811-04375, 811-04612, 811-04802, 811-05178, 811-05542, 811-05576, 811-05603, 811-05611, 811-05723, 811-05742, 811-06414, 811-06500, 811-06540, 811-06660, 811-06669, 811-06728, 811-07080, 811-07136, 811-07171, 811-07177, 811-07332, 811-07354, 811-07478, 811-07642, 811-07885, 811-07899, 811-08081, 811-08162, 811-08217, 811-08573, 811-08603, 811-08621, 811-08797, 811-09191, 811-09637, 811-09651, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21759, 811-21763, 811-21784, 811-21835, 811-21972, 811-22032, 811-22061, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23380, 811-23402, 811-23428, 811-23466, 811-23564, 811-23584, 811-23621, 811-23625, 811-23626, 811-23701 |
| Lorenzo A. Flores   | No                      | 811-02688, 811-02857, 811-04264, 811-04375, 811-04802, 811-05542, 811-05603, 811-05611, 811-06414, 811-06500, 811-06540, 811-06660, 811-06728, 811-07080, 811-07136, 811-07354, 811-07478, 811-07642, 811-08081, 811-08217, 811-08573, 811-08603, 811-08621, 811-09191, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21784, 811-21835, 811-21972, 811-22032, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23428, 811-23466, 811-23564, 811-23621, 811-23625, 811-23626, 811-23701                                                                                                                                                                                                                                                                                                                                           |
| R. Glenn Hubbard    | No                      | 811-02688, 811-02857, 811-04264, 811-04375, 811-04802, 811-05542, 811-05603, 811-05611, 811-06414, 811-06500, 811-06540, 811-06660, 811-06728, 811-07080, 811-07136, 811-07354, 811-07478, 811-07642, 811-08081, 811-08217, 811-08573, 811-08603, 811-08621, 811-09191, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21784, 811-21835, 811-21972, 811-22032, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23428, 811-23466, 811-23564, 811-23621, 811-23625, 811-23626, 811-23701                                                                                                                                                                                                                                                                                                                                           |
| Robert Fairbairn    | Yes                     | 811-02354, 811-02405, 811-02661, 811-02688, 811-02739, 811-02809, 811-02857, 811-03091, 811-03189, 811-03290, 811-04264, 811-04282, 811-04375, 811-04612, 811-04802, 811-05178, 811-05542, 811-05576, 811-05603, 811-05611, 811-05723, 811-05742, 811-06414, 811-06500, 811-06540, 811-06660, 811-06669, 811-06728, 811-07080, 811-07136, 811-07171, 811-07177, 811-07332, 811-07354, 811-07478, 811-07642, 811-07885, 811-07899, 811-08081, 811-08162, 811-08217, 811-08573, 811-08603, 811-08621, 811-08797, 811-09191, 811-09637, 811-09651, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21759, 811-21763, 811-21784, 811-21835, 811-21972, 811-22032, 811-22061, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23402, 811-23428, 811-23466, 811-23564, 811-23621, 811-23625, 811-23626, 811-23701                       |
| Stayce D. Harris    | No                      | 811-02688, 811-02857, 811-04264, 811-04375, 811-04802, 811-05542, 811-05603, 811-05611, 811-06414, 811-06500, 811-06540, 811-06660, 811-06728, 811-07080, 811-07136, 811-07354, 811-07478, 811-07642, 811-08081, 811-08217, 811-08573, 811-08603, 811-08621, 811-09191, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21784, 811-21835, 811-21972, 811-22032, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23428, 811-23466, 811-23564, 811-23621, 811-23625, 811-23626, 811-23701                                                                                                                                                                                                                                                                                                                                           |
| W. Carl Kester      | No                      | 811-02688, 811-02857, 811-04264, 811-04375, 811-04802, 811-05542, 811-05603, 811-05611, 811-06414, 811-06500, 811-06540, 811-06660, 811-06728, 811-07080, 811-07136, 811-07354, 811-07478, 811-07642, 811-08081, 811-08217, 811-08573, 811-08603, 811-08621, 811-09191, 811-10331, 811-10337, 811-10339, 811-10543, 811-21053, 811-21126, 811-21178, 811-21318, 811-21348, 811-21349, 811-21413, 811-21457, 811-21506, 811-21566, 811-21656, 811-21702, 811-21729, 811-21784, 811-21835, 811-21972, 811-22032, 811-22426, 811-22501, 811-22603, 811-22606, 811-22774, 811-22991, 811-23339, 811-23340, 811-23341, 811-23343, 811-23344, 811-23345, 811-23346, 811-23380, 811-23428, 811-23466, 811-23564, 811-23584, 811-23621, 811-23625, 811-23626, 811-23701                                                                                                                                                                                                                                                                                                                     |

### 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:** Deloitte & Touche LLP

- **b. PCAOB Number:** 34

- **c. LEI, if any:** 254900WYZPGQGKV3RF07

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

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

**Public accountant Record: 2**

- **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 Emerging Markets Bond Active ETF

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

- **a. Full Name of the Fund:** iShares Emerging Markets Bond Active ETF

- **b. Series identification number, if any:** S000094754

- **c. LEI:** 5299001U83TKK6DTCW88

- **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 Emerging Markets Bond Active ETF | C000263289                                | BREM                         |

**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

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

**Securities Lending Record: 1**

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

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

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

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

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

  **Idemnity Providers Record: 1**

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

  - **2. LEI, if any:** —

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

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

**Collateral Managers Record: 1**

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

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

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

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

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

- [x] Revenue sharing split

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

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

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

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

Did the Fund rely on the following rules?

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

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

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

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

- 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.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:** 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:** 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:** 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:** 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: 3**

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

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

- **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: 4**

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

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

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

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

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

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

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

**Custodians Record: 5**

- **i. Full name:** 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)

- **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

**Broker Dealers Record: 3**

- **a. Full name:** HPS Securities, LLC

- **b. SEC file number:** 8-70910

- **c. CRD number:** 000319197

- **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:** 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:** $45.50

**Aggregate Commission:** $45.50

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

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. Morgan Securities LLC                           | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $7,050,920.88             |
| Goldman Sachs & Co. LLC                              | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $3,400,440.32             |
| Jefferies LLC                                        | 8-15074           | 000002347    | 58PU97L1C0WSRCWADL48 | NY      | US        | $2,046,307.27             |
| Citigroup Global Markets Inc.                        | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $1,649,410.00             |
| BNY Capital Markets, LLC                             | 8-35255           | 000017454    | VJW2DOOHGDT6PR0ZRO63 | NY      | US        | $1,279,780.00             |
| HSBC Securities (USA) Inc.                           | 8-41562           | 000019585    | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $2,766,956.55             |
| Barclays Capital Inc.                                | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $2,582,576.41             |
| Jane Street Execution Services, LLC                  | 8-69254           | 000167280    | 549300HXJLXCPDWAH070 | NY      | US        | $2,547,539.00             |
| BofA Securities, Inc.                                | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $1,767,750.69             |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $1,740,000.00             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $37,184,067.52

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

- **Item C.19.a - Fund's monthly average net assets:** $35,545,009.79

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

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

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

### Management Investment Record: 2 - iShares Global Government Bond USD Hedged Active ETF

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

- **a. Full Name of the Fund:** iShares Global Government Bond USD Hedged Active ETF

- **b. Series identification number, if any:** S000092377

- **c. LEI:** 529900L8PU1B65289D41

- **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 Global Government Bond USD Hedged Active ETF | C000260349                                | GGOV                         |

**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

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

**Securities Lending Record: 1**

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

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

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

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

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

  **Idemnity Providers Record: 1**

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

  - **2. LEI, if any:** —

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

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

**Collateral Managers Record: 1**

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

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

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

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

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

- [x] Revenue sharing split

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

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

- 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:** 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:** 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:** 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:** 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:** AB SEB bankas

- **ii. LEI, if any:** 549300SBPFE9JX7N8J82

- **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:** AS SEB Pank

- **ii. LEI, if any:** 549300ND1MQ8SNNYMJ22

- **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:** AS SEB banka

- **ii. LEI, if any:** 549300YW95G1VBBGGV07

- **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:** 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: 5**

- **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: 6**

- **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: 7**

- **i. Full name:** Banco de Chile

- **ii. LEI, if any:** 8B4EZFY8IHJC44TT2K84

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

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

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

**Custodians Record: 8**

- **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: 9**

- **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: 10**

- **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: 11**

- **i. Full name:** Citibank Europe Public Limited Company (Bucharest, Bucharest, RO, Branch)

- **ii. LEI, if any:** N1FBEDJ5J41VKZLO2475

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

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

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

**Custodians Record: 12**

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

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

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

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

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

**Custodians Record: 13**

- **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: 14**

- **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: 15**

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

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

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

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

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

**Custodians Record: 16**

- **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: 17**

- **i. Full name:** Deutsche Bank Aktiengesellschaft (Amsterdam, Noord Holland, NL, 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: 18**

- **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: 19**

- **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: 20**

- **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: 21**

- **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: 22**

- **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: 23**

- **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: 24**

- **i. Full name:** Privredna Banka Zagreb - Dionicko Drustvo

- **ii. LEI, if any:** 549300ZHFZ4CSK7VS460

- **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:** RBC Capital Markets, LLC

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

- **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: 26**

- **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: 27**

- **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: 28**

- **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: 29**

- **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: 30**

- **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: 31**

- **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: 32**

- **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: 33**

- **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: 34**

- **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: 35**

- **i. Full name:** State Street Bank and Trust Company (Edinburgh, GB, Branch)

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

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

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

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

**Custodians Record: 36**

- **i. Full name:** State Street 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: 37**

- **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: 38**

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

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

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

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

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

**Custodians Record: 39**

- **i. Full name:** 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: 40**

- **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: 41**

- **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: 42**

- **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: 43**

- **i. Full name:** UniCredit Bank Czech Republic and Slovakia, a.s.

- **ii. LEI, if any:** KR6LSKV3BTSJRD41IF75

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

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

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

**Custodians Record: 44**

- **i. Full name:** UniCredit Bank Czech Republic and Slovakia, a.s. (Bratislava, Bratislavsky, SK, Branch)

- **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: 45**

- **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: 46**

- **i. Full name:** UniCredit Banka Slovenija d.d.

- **ii. LEI, if any:** 549300O2UN9JLME31F08

- **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 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

**Broker Dealers Record: 3**

- **a. Full name:** HPS Securities, LLC

- **b. SEC file number:** 8-70910

- **c. CRD number:** 000319197

- **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:** 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:** $4,502.10

**Aggregate Commission:** $4,502.10

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

| Name                                                      | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. Morgan Securities LLC                                | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $11,966,350.40            |
| Deutsche Bank Securities Inc.                             | 8-17822           | 000002525    | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $3,452,787.73             |
| Nomura Securities International, Inc.                     | 8-15255           | 000004297    | OXTKY6Q8X53C9ILVV871 | NY      | US        | $2,839,179.90             |
| Citigroup Global Markets Inc.                             | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $3,152,625.63             |
| Morgan Stanley & Co. LLC                                  | 8-15869           | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $5,205,860.65             |
| BNP Paribas Securities Corp.                              | 8-32682           | 000015794    | RCNB6OTYUAMMP879YW96 | NY      | US        | $3,166,625.39             |
| HSBC Securities (USA) Inc.                                | 8-41562           | 000019585    | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $4,082,095.85             |
| Barclays Capital Inc.                                     | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $6,032,221.37             |
| SMBC Nikko Securities America, Inc.                       | 8-43852           | 000028602    | 6PJDTY319315T5LR2241 | NY      | US        | $1,573,441.09             |
| BlackRock Funds III - BlackRock Cash Funds: Institutional | N/A               | N/A          | 549300JDHS1T46VWOG19 | CA      | US        | $29,216,417.64            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $89,505,510.25

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

- **Item C.19.a - Fund's monthly average net assets:** $41,995,333.17

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

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

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

### Management Investment Record: 3 - iShares High Yield Active ETF

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

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

- **b. Series identification number, if any:** S000085059

- **c. LEI:** 529900FRP27WD06LWG65

- **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 High Yield Active ETF | C000249922                                | BRHY                         |

**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:** $6,871,620.07

- **g. Provide the net income from securities lending activities:** $25,268.00

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

- Rule 17a-6 (17 CFR 270.17a-6)

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

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

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

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

- 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:** 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:** 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:** 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:** 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:** 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: 3**

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

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

- **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: 4**

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

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

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

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

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

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

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

**Custodians Record: 5**

- **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: 6**

- **i. Full name:** State Street Bank and Trust Company (Edinburgh, GB, Branch)

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

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

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

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

- **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

**Broker Dealers Record: 3**

- **a. Full name:** HPS Securities, LLC

- **b. SEC file number:** 8-70910

- **c. CRD number:** 000319197

- **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:** 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:** $1,380.00

**Brokers Record: 2**

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

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

- **iii. CRD number:** 000000361

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

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $17.60

**Brokers Record: 3**

- **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:** $1.10

**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:** $14.53

**Brokers Record: 5**

- **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:** $258.60

**Brokers Record: 6**

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

- **ii. SEC file number:** 8-36747

- **iii. CRD number:** 000018476

- **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:** $7.26

**Brokers Record: 7**

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

- **ii. SEC file number:** 8-68644

- **iii. CRD number:** 000154492

- **iv. LEI, if any:** 5493002XAV50EJHN6Y32

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $912.82

**Brokers Record: 8**

- **i. Full name of broker:** Jane Street Execution Services, LLC

- **ii. SEC file number:** 8-69254

- **iii. CRD number:** 000167280

- **iv. LEI, if any:** 549300HXJLXCPDWAH070

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $760.00

**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:** $88.04

**Aggregate Commission:** $3,439.95

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

| Name                                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. Morgan Securities LLC                           | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $14,058,549.86            |
| Goldman Sachs & Co. LLC                              | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $18,264,233.60            |
| Citigroup Global Markets Inc.                        | 8-8177            | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $9,407,025.58             |
| Morgan Stanley & Co. LLC                             | 8-15869           | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $49,799,205.94            |
| BNY Capital Markets, LLC                             | 8-35255           | 000017454    | VJW2DOOHGDT6PR0ZRO63 | NY      | US        | $4,452,616.04             |
| Barclays Capital Inc.                                | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $7,257,662.69             |
| RBC Capital Markets, LLC                             | 8-45411           | 000031194    | 549300LCO2FLSSVFFR64 | NY      | US        | $4,314,936.17             |
| Wells Fargo Securities, LLC                          | 8-65876           | 000126292    | VYVVCKR63DVZZN70PB21 | NC      | US        | $4,987,155.70             |
| BofA Securities, Inc.                                | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $11,957,841.79            |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | N/A               | N/A          | 5493005PQV5UQG4OSI49 | DE      | US        | $101,320,000.00           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $251,394,952.73

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

- **Item C.19.a - Fund's monthly average net assets:** $89,243,369.83

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** BNP Paribas

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

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

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

  - **Line Institutions Record: 5 Name of institution:** Barclays Bank PLC

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

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

  - **Line Institutions Record: 8 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 9 Name of institution:** Goldman Sachs Bank USA

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

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

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

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

  - **Line Institutions Record: 14 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 15 Name of institution:** Soci???t??? G???n???rale

  - **Line Institutions Record: 16 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 17 Name of institution:** State Street Bank and Trust Co.

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

  - **Line Institutions Record: 19 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 20 Name of institution:** The Toronto-Dominion Bank, New York Branch

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

### Management Investment Record: 4 - iShares High Yield Muni Active ETF

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

- **a. Full Name of the Fund:** iShares High Yield Muni Active ETF

- **b. Series identification number, if any:** S000088410

- **c. LEI:** 529900RSTN1ODZCS1O82

- **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 High Yield Muni Active ETF | C000254671                                | HIMU                         |

**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

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

**Securities Lending Record: 1**

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

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

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

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

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

  **Idemnity Providers Record: 1**

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

  - **2. LEI, if any:** —

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

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

**Collateral Managers Record: 1**

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

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

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

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

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

- [x] Revenue sharing split

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

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [x] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

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

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

Did the Fund rely on the following rules?

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

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

- Rule 17a-8 (17 CFR 270.17a-8)

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

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

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

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

- 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.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:** 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:** 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:** 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:** BofA Securities, Inc.

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

- **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 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

**Broker Dealers Record: 3**

- **a. Full name:** HPS Securities, LLC

- **b. SEC file number:** 8-70910

- **c. CRD number:** 000319197

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

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

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

**Item C.16. Brokers.**

No Brokers reported.

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

| Name                                 | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. Morgan Securities LLC           | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $177,977,703.71           |
| Goldman Sachs & Co. LLC              | 8-129             | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $56,754,090.65            |
| Piper Sandler & Co.                  | 8-15204           | 000000665    | 549300GRQCWQ3XGH0H10 | MN      | US        | $63,472,882.35            |
| Jefferies LLC                        | 8-15074           | 000002347    | 58PU97L1C0WSRCWADL48 | NY      | US        | $167,653,715.03           |
| FMSbonds, Inc.                       | 8-23280           | 000007793    | 549300TUTBK58NSF2517 | FL      | US        | $342,368,097.50           |
| Morgan Stanley & Co. LLC             | 8-15869           | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $181,254,892.75           |
| RBC Capital Markets, LLC             | 8-45411           | 000031194    | 549300LCO2FLSSVFFR64 | NY      | US        | $158,970,763.35           |
| Wells Fargo Securities, LLC          | 8-65876           | 000126292    | VYVVCKR63DVZZN70PB21 | NC      | US        | $132,804,271.48           |
| BofA Securities, Inc.                | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $295,936,970.34           |
| BlackRock Liquidity Funds - MuniCash | N/A               | N/A          | 549300RWBJ885673DL84 | DE      | US        | $1,536,827,343.34         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,430,342,170.26

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

- **Item C.19.a - Fund's monthly average net assets:** $1,914,476,488.87

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** BNP Paribas

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

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

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

  - **Line Institutions Record: 5 Name of institution:** Barclays Bank PLC

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

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

  - **Line Institutions Record: 8 Name of institution:** Deutsche Bank AG New York Branch

  - **Line Institutions Record: 9 Name of institution:** Goldman Sachs Bank USA

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

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

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

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

  - **Line Institutions Record: 14 Name of institution:** Royal Bank of Canada

  - **Line Institutions Record: 15 Name of institution:** Soci???t??? G???n???rale

  - **Line Institutions Record: 16 Name of institution:** Standard Chartered Bank

  - **Line Institutions Record: 17 Name of institution:** State Street Bank and Trust Co.

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

  - **Line Institutions Record: 19 Name of institution:** The Northern Trust Co.

  - **Line Institutions Record: 20 Name of institution:** The Toronto-Dominion Bank, New York Branch

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

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** BREM

**Item E.2 - Authorized Participants**

| Name                                   | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Goldman Sachs & Co. LLC                | $0.00            | $0.00          |
| Jefferies LLC                          | $0.00            | $0.00          |
| Nomura Securities International, Inc.  | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC               | $0.00            | $0.00          |
| Truist Securities, Inc.                | $0.00            | $0.00          |
| Pershing LLC                           | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.          | $0.00            | $0.00          |
| CIBC World Markets Corp.               | $0.00            | $0.00          |
| Cowen and Company, LLC                 | $0.00            | $0.00          |
| UBS Securities LLC                     | $32,500,000.00   | $0.00          |
| BNP Paribas Securities Corp.           | $0.00            | $0.00          |
| TD Prime Services LLC                  | $0.00            | $0.00          |
| BMO Capital Markets Corp.              | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC              | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC        | $0.00            | $0.00          |
| J.P. Morgan Securities LLC             | $0.00            | $0.00          |
| BNY Capital Markets, LLC               | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.              | $0.00            | $0.00          |
| Mizuho Securities USA LLC              | $0.00            | $0.00          |
| National Bank of Canada Financial Inc. | $0.00            | $0.00          |
| Barclays Capital Inc.                  | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.             | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC     | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.      | $0.00            | $0.00          |
| RBC Capital Markets, LLC               | $2,509,410.85    | $0.00          |
| Cowen Execution Services LLC           | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.           | $0.00            | $0.00          |
| Jane Street Capital, LLC               | $0.00            | $0.00          |
| Citadel Securities LLC                 | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.          | $0.00            | $0.00          |
| Wells Fargo Securities, LLC            | $0.00            | $0.00          |
| SG Americas Securities, LLC            | $0.00            | $0.00          |
| Virtu Americas LLC                     | $0.00            | $0.00          |
| HRT Financial LP                       | $0.00            | $0.00          |
| BofA Securities, Inc.                  | $0.00            | $0.00          |
| State Street Global Markets, LLC       | $0.00            | $0.00          |
| Citigroup Global Markets Inc.          | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **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):** $0.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.35%

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

### iShares Global Government Bond USD Hedged Active ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** GGOV

**Item E.2 - Authorized Participants**

| Name                                   | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Goldman Sachs & Co. LLC                | $0.00            | $0.00          |
| Jefferies LLC                          | $0.00            | $0.00          |
| Nomura Securities International, Inc.  | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC               | $0.00            | $0.00          |
| Truist Securities, Inc.                | $0.00            | $0.00          |
| Pershing LLC                           | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.          | $0.00            | $0.00          |
| CIBC World Markets Corp.               | $0.00            | $0.00          |
| Cowen and Company, LLC                 | $0.00            | $0.00          |
| UBS Securities LLC                     | $0.00            | $0.00          |
| BNP Paribas Securities Corp.           | $0.00            | $0.00          |
| TD Prime Services LLC                  | $0.00            | $0.00          |
| BMO Capital Markets Corp.              | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC              | $0.00            | $0.00          |
| J.P. Morgan Securities LLC             | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC        | $0.00            | $0.00          |
| BNY Capital Markets, LLC               | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.              | $0.00            | $0.00          |
| Mizuho Securities USA LLC              | $0.00            | $0.00          |
| National Bank of Canada Financial Inc. | $0.00            | $0.00          |
| Barclays Capital Inc.                  | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.             | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC     | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.      | $0.00            | $0.00          |
| RBC Capital Markets, LLC               | $0.00            | $0.00          |
| Cowen Execution Services LLC           | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.           | $0.00            | $0.00          |
| Jane Street Capital, LLC               | $1,002,315.54    | $0.00          |
| Citadel Securities LLC                 | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.          | $0.00            | $0.00          |
| Wells Fargo Securities, LLC            | $0.00            | $0.00          |
| SG Americas Securities, LLC            | $0.00            | $0.00          |
| Virtu Americas LLC                     | $0.00            | $0.00          |
| HRT Financial LP                       | $0.00            | $0.00          |
| BofA Securities, Inc.                  | $41,001,359.06   | $0.00          |
| State Street Global Markets, LLC       | $0.00            | $0.00          |
| Citigroup Global Markets 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):** 100.00%

- **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):** $0.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.10%

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

### iShares High Yield Active ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** BRHY

**Item E.2 - Authorized Participants**

| Name                                   | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Goldman Sachs & Co. LLC                | $0.00            | $20,458,934.40 |
| Jefferies LLC                          | $0.00            | $0.00          |
| Nomura Securities International, Inc.  | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC               | $0.00            | $0.00          |
| Truist Securities, Inc.                | $0.00            | $0.00          |
| Pershing LLC                           | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.          | $0.00            | $0.00          |
| CIBC World Markets Corp.               | $0.00            | $0.00          |
| Cowen and Company, LLC                 | $0.00            | $0.00          |
| UBS Securities LLC                     | $0.00            | $0.00          |
| BNP Paribas Securities Corp.           | $0.00            | $0.00          |
| TD Prime Services LLC                  | $0.00            | $0.00          |
| BMO Capital Markets Corp.              | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC              | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC        | $0.00            | $0.00          |
| J.P. Morgan Securities LLC             | $0.00            | $0.00          |
| BNY Capital Markets, LLC               | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.              | $0.00            | $0.00          |
| Mizuho Securities USA LLC              | $0.00            | $0.00          |
| National Bank of Canada Financial Inc. | $0.00            | $0.00          |
| Barclays Capital Inc.                  | $0.00            | $0.00          |
| HSBC Securities (USA) Inc.             | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC     | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.      | $0.00            | $0.00          |
| RBC Capital Markets, LLC               | $0.00            | $0.00          |
| Cowen Execution Services LLC           | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.           | $0.00            | $0.00          |
| Jane Street Capital, LLC               | $20,701,116.65   | $0.00          |
| Citadel Securities LLC                 | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.          | $0.00            | $0.00          |
| Wells Fargo Securities, LLC            | $0.00            | $0.00          |
| SG Americas Securities, LLC            | $0.00            | $0.00          |
| Virtu Americas LLC                     | $0.00            | $0.00          |
| HRT Financial LP                       | $0.00            | $0.00          |
| BofA Securities, Inc.                  | $0.00            | $23,016,301.20 |
| State Street Global Markets, LLC       | $0.00            | $0.00          |
| Citigroup Global Markets Inc.          | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 100.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $0.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.35%

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

### iShares High Yield Muni Active ETF

**Item E.1 - Exchange**

- **Exchange:** BATS

- **Ticker:** HIMU

**Item E.2 - Authorized Participants**

| Name                                   | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Goldman Sachs & Co. LLC                | $181,764,476.24  | $13,892,653.56 |
| Jefferies LLC                          | $0.00            | $0.00          |
| Nomura Securities International, Inc.  | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC               | $0.00            | $0.00          |
| Truist Securities, Inc.                | $0.00            | $0.00          |
| Pershing LLC                           | $0.00            | $0.00          |
| Deutsche Bank Securities Inc.          | $0.00            | $0.00          |
| CIBC World Markets Corp.               | $0.00            | $0.00          |
| Cowen and Company, LLC                 | $0.00            | $0.00          |
| UBS Securities LLC                     | $0.00            | $0.00          |
| BNP Paribas Securities Corp.           | $0.00            | $0.00          |
| TD Prime Services LLC                  | $0.00            | $0.00          |
| BMO Capital Markets Corp.              | $0.00            | $0.00          |
| ABN AMRO Clearing USA LLC              | $0.00            | $0.00          |
| J.P. Morgan Securities LLC             | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC        | $64,014,420.70   | $0.00          |
| BNY Capital Markets, LLC               | $0.00            | $0.00          |
| Scotia Capital (USA) Inc.              | $0.00            | $0.00          |
| Mizuho Securities USA LLC              | $0.00            | $0.00          |
| National Bank of Canada Financial Inc. | $0.00            | $0.00          |
| Barclays Capital Inc.                  | $2,966,263.92    | $0.00          |
| HSBC Securities (USA) Inc.             | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC     | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.      | $0.00            | $0.00          |
| RBC Capital Markets, LLC               | $8,573,906.66    | $0.00          |
| Cowen Execution Services LLC           | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.           | $72,743,498.00   | $0.00          |
| Jane Street Capital, LLC               | $276,919,385.28  | $25,812,246.28 |
| Citadel Securities LLC                 | $0.00            | $0.00          |
| ITAU BBA USA Securities, Inc.          | $0.00            | $0.00          |
| Wells Fargo Securities, LLC            | $0.00            | $0.00          |
| SG Americas Securities, LLC            | $0.00            | $0.00          |
| Virtu Americas LLC                     | $83,666,807.60   | $0.00          |
| HRT Financial LP                       | $0.00            | $0.00          |
| BofA Securities, Inc.                  | $89,783,688.84   | $0.00          |
| State Street Global Markets, LLC       | $0.00            | $0.00          |
| Citigroup Global Markets 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):** 100.00%

- **c.i. Average percentage of value composed of cash (redeemed):** 100.00%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $0.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.41%

- **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 II

**Date:** 2026-03-10

**Signature:** Chuck Pulsfort

**Title:** Assistant Treasurer