# EDGAR Filing Document

**Accession Number:** 0001738078
**File Stem:** 0001727644-23-000026
**Filing Date:** 2023-3
**Character Count:** 792126
**Document Hash:** ca898e09f4e2cbca2dd7e0a9079a327a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001727644-23-000026.hdr.sgml**: 20230306

**ACCESSION NUMBER**: 0001727644-23-000026

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230306

**DATE AS OF CHANGE**: 20230306

**EFFECTIVENESS DATE**: 20230306

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Funds V
- **CENTRAL INDEX KEY:** 0001738078
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23339
- **FILM NUMBER:** 23708125

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

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

## Series and Classes Contracts Data

### BlackRock Sustainable Emerging Markets Flexible Bond Fund (Series ID: S000062357)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202260 | Investor A Shares    |  |
| C000202261 | Investor C Shares    |  |
| C000202262 | Institutional Shares |  |
| C000202263 | Class K Shares       |  |

### BlackRock Strategic Income Opportunities Portfolio (Series ID: S000062358)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202264 | Investor A Shares    |  |
| C000202265 | Investor C Shares    |  |
| C000202266 | Institutional Shares |  |
| C000202267 | Class K Shares       |  |

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  
FORM N-CSR

# **CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number: 811-23339

Name of Fund: BlackRock Funds V

&nbsp;&nbsp;&nbsp;&nbsp;#INDENT#&nbsp;&nbsp;&nbsp;&nbsp;#INDENT#&nbsp;&nbsp;&nbsp;&nbsp;#INDENT#&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Strategic Income Opportunities Portfolio

BlackRock Sustainable Emerging Markets Flexible Bond Fund

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Funds V, 50 Hudson Yards, New York, NY 10001

Registrant's telephone number, including area code: (800) 441-7762

Date of fiscal year end: 12/31/2022

Date of reporting period: 12/31/2022

Item 1 - Report to Stockholders

(a)

The Report to Shareholders is attached herewith.

(b)

Not Applicable

**BlackRock**

DECEMBER 31, 2022

# 2022 Annual Report

BlackRock Funds V

- BlackRock Strategic Income Opportunities Portfolio
- BlackRock Sustainable Emerging Markets Flexible Bond Fund

Net FDC Income - May Less Value - No Bank Guarantee

# The Markets in Review

Dear Shareholder,

Significant economic breakthroughs emerged during the 12-month reporting period ended December 31, 2022, as investors recognized changing economic conditions and outside markets. The U.S. economy shrank in the first half of 2022 before returning to modest growth in the third quarter, making a shift to a more challenging price-repairing economic environment. Changes in consumer spending patterns and a tight labor market led to elevated inflation, which reached a 4x/4x high before beginning to moderate. Moreover, while the financial effect of Russia's measure of inflation has been a severe hamletbreaker crisis, the ongoing war settlement to present challenges for both investors and policymakers.

![img-0.jpeg](img-0.jpeg)

Rob Kapko

President, Shakharkh Advisors, LLC

## Total Return on December 31, 2022

|  | 6-Month | 12-Month |
| --- | --- | --- |
| U.S. large cap market (MIP MIP Index) | 2.00% | 18.11% |
| U.S. small cap market (Rurally MIP Index) | 0.91 | 1.04 |

2

The Page is not Part of Your Final Report

Table of Contents

|  | Page |
| --- | --- |
| The Number of Tables | 1 |
| Table 1: All of the following tables were particularly during the first half of the reporting period. Both larger and more than 100% of the total, although negative impact is known to the second half of the year as inflation may be due to the same period. | 4 |
| Table 2: All of the following tables were particularly during the reporting period. Both larger and more than 100% of the total, although negative impact is known to the second half of the year as inflation may be due to the same period. | 11 |
| Table 3: All of the following tables were particularly during the reporting period. Both larger and more than 100% of the total, although negative impact is known to the second half of the year as inflation may be due to the same period. | 12 |

| International negative (IMCI) Report, Available, by Bank Index | 0.36 | (14.49) |
| --- | --- | --- |
| Emerging market negative (IMCI) (Emerging Markets Index) | (2.99) | (20.99) |
| 2-month Treasury Life (ICF) (IMCI) (2.5% Treasury) | 1.32 | 1.47 |

## Go Paperless...

It's Easy, Economical and Green!

![img-1.jpeg](img-1.jpeg)

Shareholders can sign up for e-mail notifications of quarterly statements, annual and semi-annual shareholder reports and prospectuses by enrolling in the electronic delivery program. Electronic copies of shareholder reports and prospectuses are also available on BlackRock website.

### TO ENROLL IN ELECTRONIC DELIVERY:

Shareholders Who Hold Accounts with Investment Advisors, Banks or Brokerages: Please contact your Financial advisor. Please note that not all investment advisors, banks or brokerages may offer this service.

Shareholders Who Hold Accounts Directly with BlackRock:

1. Access the BlackRock website at BlackRock.com
2. Select "Access Your Account"
3. Next, select "eDelivery" in the "Related Resources" box and follow the sign-up instructions.

3

Fund Summary

as of December 31, 2022

BlackRock Strategic Income Opportunities Portfolio

# Investment Objective

corporate board market also based dividends, dividends, and longshares837, but in higher corporate

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The first 10 months ended December 31, 2022, the Fund's Institutional Water Class Interest (0.00%) the Invesior A Shares (0.00%) the Invesior C Shares

Number of Independent Registered Funds (including 100)

M

U.S. Treasury securities

2016 2017 2018 2019

Treasury Index

U.S. investment grade

Youth (Hawthong U.S.

Agenyola Investment

The following table provides the information in a specific format:

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4

2022 BlackRock Annual Report to Shareholders

Fund Summary
as of December 31, 2022 (continued)
BlackRock Strategic Income Opportunities Portfolio

![img-2.jpeg](img-2.jpeg)

Fund Summary

Fund Summary
as of December 31, 2022 (continued)

BlackRock Strategic Income Opportunities Portfolio

Expense Example

Under consideration of the terms of the Fund, the Fund is a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America, a member of the National Bank of America.

performance is shown for illustrative purposes only. The current funds directly in an index.

6

2022 BlackRock Annual Report to Incorporated

Fund Summary

as of December 31, 2022

BlackRock Sustainable Emerging Markets Flexible Bond Fund

# **Investment Objective**

Funds are now in the market and are not only a company, but it is a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company that is not a company

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Fund Summary
as of December 31, 2022 (continued)
BlackRock Sustainable Emerging Markets Flexible Bond Fund

![img-3.jpeg](img-3.jpeg)

ii

Fund Summary
as of December 31, 2022 (continued)

BlackRock Sustainable Emerging Markets Flexible Bond Fund

Performance

The Fund is a member of the BlackRock Sustainable Emerging Markets Flexible Bond Fund, which is a member of the BlackRock Sustainable Emerging Markets Flexible Bond Fund. The Fund is a member of the BlackRock Sustainable Emerging Markets Flexible Bond Fund, which is a member of the BlackRock Sustainable Emerging Markets Flexible Bond Fund.

Fund Summary

9

Fund Summary
as of December 31, 2022 (continued)

BlackRock Sustainable Emerging Markets Flexible Bond Fund

# **Expense Example**

The following items are not applicable to the following items: 1. The following items are not applicable to the following items: 1. The following items are not applicable to the following items: 1. The following items are not applicable to the following items: 1. The following items are not applicable to the following items: 1. The following items are not applicable to the following items: 1. The following items are not applicable to the following items: 1. The following items are not applicable to the following items: 1. The following items are not applicable to

10

2022 BlackRock Annual Report to September 2022

## The Benefits and Risks of Leveraging

The Events may utilize leverage to seek to enhance returns and net asset value (NAV). However, there is no guarantee that these objectives can be achieved in all interest

The benefits and risks of leveraging the event are based on the benefits and risks of leveraging the event. The benefits and risks of leveraging the event are based on the benefits and risks of leveraging the event. The benefits and risks of leveraging the event are based on the benefits and risks of leveraging the event. The benefits and risks of leveraging the event are based on the benefits and risks of leveraging the event.

The Benefits and Risks of Leveraging | Report Final Paper

11

## Disclosure of Expenses

Shareholders of each Fund may incur the following charges: (a) transactional expenses, such as sales charges, and (b) operating expenses, including investment advisory charges.

The amount of the fund is not to be paid for the following charges: (a) transactional expenses, such as sales charges, and (b) operating expenses, including investment advisory charges. The amount of the fund is not to be paid for the following charges: (a) transactional expenses, such as sales charges, and (b) operating expenses, including investment advisory charges. The amount of the fund is not to be paid for the following charges: (a) transactional expenses, such as sales charges, and (b) operating expenses, including investment advisory charges. The amount of the fund is not to be paid for the following charges: (a) transactional expenses, such as sales charges, and (b) operating expenses, including investment advisory charges.

12

2023.10.01.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10

Consolidated Schedule of Investments

BlackRock Strategic Income Opportunities Portfolio
(Percentages drawn are based on Net Assets)

December 31, 2022

The following table provides the information in a specific format:

Consolidated Schedule of Investments

13

Consolidated Schedule of Investments

[CONTINUED]

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022[{"box_2d": [10, 32, 482, 88], "label": "table", "caption": "

| Abstain of Performance | Abstain of Performance |  |  |
| --- | --- | --- | --- |
| Period | Period | Period | Period |
| 2022 | 2023 | 2022 | 2023 |
| 2022 | 2023 | 2022 | 2023 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
| --- | --- | --- |
| 2022 | 2023 | 2022 |

| Period | Period | Period |
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Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentage drawn are based on Net Assets)

December 31, 2022

Unless such an issue does not have been made, the impact on results of the 2021 financial year ended December 31, 2022 is a significant increase in the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share

CONSOLIDATED SCHEDULE OF INVESTMENTS

15

Consolidated Schedule of Investments

[1997-2001]

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2002

and a service fee of 0.00% per year. These shares are generally available through financial instruments. These shares automatically convert to investor A Shares after
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[illegible[[[[[[ ~~}][[[box_2dbox [10, [10, [10, 10, [10],label "headercaption":[[[[[[}][[[[[[[[[box *]"}] [10, [10, [10, [10,caption [10,[10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10, 10,

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

shares will fluctuate on the shares, when redeemed, may be worth more or less than that of the other shares. The stock price is based on the stock price of shares with any increase of the market value. The stock price is based on the stock price of shares with any increase of the market value. The stock price is based on the stock price of shares with any increase of the market value.

CONSOLIDATED SCHEDULE OF INVESTMENTS

17

Consolidated Schedule of Investments

[1997-98]

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last quarter)

December 31, 2022

| Consolidated Schedule of Investments | 2021 | 2020 | 2019 | 2018 |
| --- | --- | --- | --- | --- |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 | 2019 | 2018 |
| --- | --- | --- | --- | --- |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 | 2019 | 2018 |
| --- | --- | --- | --- | --- |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |

18

2022-03-01 Issue: 01/01 to 01/01/2022

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages drawn are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

Consolidated Schedule of Investments

19

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

20

2022 BlackRock Annual Report to September 2021

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022[{"box_2d": [10, 34, 482, 92], "label": "table", "caption": "

| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | 100.00 | 100.00 |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 100.00 | 100.00 |
| --- | --- | --- |

| Cash and cash equivalents at end of year | 1,000 | 1,000,000 |
| --- | --- | --- |

<table><tr><td>Cash and cash equivalents at end of year</td><

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

22

2022 BlackRock Annual Report to December 2021

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| Consolidated Balance Sheets | 2,776 | 1,000,000 |
| --- | --- | --- |
| Cash and cash equivalents | 2,776 | 1,000,000 |
| Cash and cash equivalents at end of year | 2,776 | 1,000,000 |
| Cash and cash equivalents at end of year | 2,776 | 1,000,000 |
| Cash and cash equivalents at end of year | 2,776 | 1,000,000 |
| Cash and cash equivalents at end of year | 2,776 | 1,000,000 |
| Cash and cash equivalents at end of year | 2,776 | 1,000,000 |

Consolidated Schedule of Investments

23

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

24

2022 BlackRock Annual Report to September 2021

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

Consolidated Schedule of Investments

25

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |

28

2022 BlackRock Annual Report to September 2021

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| Consolidated Balance Sheets | 2.1% | 2.0% |
| --- | --- | --- |
| Consolidated Balance Sheets | 2.1% | 2.0% |
| Current Balance Sheets | 2.1% | 2.0% |
| Current Balance Sheets | 2.1% | 2.0% |
| Current Balance Sheets | 2.1% | 2.0% |
| Current Balance Sheets | 2.1% | 2.0% |
| Current Balance Sheets | 2.1% | 2.0% |
| Current Balance Sheets | 2.1% | 2.0% |

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

28

2022 BlackRock Annual Report to September 2021

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 1. 2023 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 2. 2024 | 1,000,000 | 1,000,000 |
| 3. 2025 | 1,000,000 | 1,000,000 |
| 4. 2026 | 1,000,000 | 1,000,000 |
| 5. 2027 | 1,000,000 | 1,000,000 |
| 6. 2028 | 1,000,000 | 1,000,000 |
| 7. 2029 | 1,000,000 | 1,000,000 |
| 8. 2030 | 1,000,000 | 1,000,000 |
| 9. 2031 | 1,000,000 | 1,000,000 |
| 10. 2032 | 1,000,000 | 1,000,000 |
| 11. 2033 | 1,000,000 | 1,000,000 |
| 12. 2034 | 1,000,000 | 1,000,000 |
| 13. 2035 | 1,000,000 | 1,000,000 |
| 14. 2036 | 1,000,000 | 1,000,000 |
| 15. 2037 | 1,000,000 | 1,000,000 |
| 16. 2038 | 1,000,000 | 1,000,000 |
| 17. 2039 | 1,000,000 | 1,000,000 |
| 18. 2040 | 1,000,000 | 1,000,000 |
| 19. 2041 | 1,000,000 | 1,000,000 |
| 20. 2042 | 1,000,000 | 1,000,000 |
| 21. 2043 | 1,000,000 | 1,000,000 |
| 22. 2044 | 1,000,000 | 1,000,000 |
| 23. 2045 | 1,000,000 | 1,000,000 |
| 24. 2046 | 1,000,000 | 1,000,000 |
| 25. 2047 | 1,000,000 | 1,000,000 |
| 26. 2048 | 1,000,000 | 1,000,000 |
| 27. 2049 | 1,000,000 | 1,000,000 |
| 28. 2050 | 1,000,000 | 1,000,000 |
| 29. 2051 | 1,000,000 | 1,000,000 |
| 30. 2052 | 1,000,000 | 1,000,000 |
| 31. 2053 | 1,000,000 | 1,000,000 |
| 32. 2054 | 1,000,000 | 1,000,000 |
| 33. 2055 | 1,000,000 | 1,000,000 |
| 34. 2056 | 1,000,000 | 1,000,000 |
| 35. 2057 | 1,000,000 | 1,000,000 |
| 36. 2058 | 1,000,000 | 1,000,000 |
| 37. 2059 | 1,000,000 | 1,000,000 |
| 38. 2060 | 1,000,000 | 1,000,000 |
| 39. 2061 | 1,000,000 | 1,000,000 |
| 40. 2062 | 1,000,000 | 1,000,000 |
| 41. 2063 | 1,000,000 | 1,000,000 |
| 42. 2064 | 1,000,000 | 1,000,000 |
| 43. 2065 | 1,000,000 | 1,000,000 |
| 44. 2066 | 1,000,000 | 1,000,000 |
| 45. 2067 | 1,000,000 | 1,000,000 |
| 46. 2068 | 1,000,000 | 1,000,000 |
| 47. 2069 | 1,000,000 | 1,000,000 |
| 48. 2070 | 1,000,000 | 1,000,000 |
| 49. 2071 | 1,000,000 | 1,000,000 |
| 50. 2072 | 1,000,000 | 1,000,000 |
| 51. 2073 | 1,000,000 | 1,000,000 |
| 52. 2074 | 1,000,000 | 1,000,000 |
| 53. 2075 | 1,000,000 | 1,000,000 |
| 54. 2076 | 1,000,000 | 1,000,000 |
| 55. 2077 | 1,000,000 | 1,000,000 |
| 56. 2078 | 1,000,000 | 1,000,000 |
| 57. 2079 | 1,000,000 | 1,000,000 |
| 58. 2080 | 1,000,000 | 1,000,000 |
| 59. 2081 | 1,000,000 | 1,000,000 |
| 60. 2082 | 1,000,000 | 1,000,000 |
| 61. 2083 | 1,000,000 | 1,000,000 |
| 62. 2084 | 1,000,000 | 1,000,000 |
| 63. 2085 | 1,000,000 | 1,000,000 |
| 64. 2086 | 1,000,000 | 1,000,000 |
| 65. 2087 | 1,000,000 | 1,000,000 |
| 66. 2088 | 1,000,000 | 1,000,000 |
| 67. 2089 | 1,000,000 | 1,000,000 |
| 68. 2090 | 1,000,000 | 1,000,000 |
| 69. 2091 | 1,000,000 | 1,000,000 |
| 70. 2092 | 1,000,000 | 1,000,000 |
| 71. 2093 | 1,000,000 | 1,000,000 |
| 72. 2094 | 1,000,000 | 1,000,000 |
| 73. 2095 | 1,000,000 | 1,000,000 |
| 74. 2096 | 1,000,000 | 1,000,000 |
| 75. 2097 | 1,000,000 | 1,000,000 |
| 76. 2098 | 1,000,000 | 1,000,000 |
| 77. 2099 | 1,000,000 | 1,000,000 |
| 78. 2100 | 1,000,000 | 1,000,000 |

Consolidated Schedule of Investments

20

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022[{"box_2d": [10, 34, 481, 92], "label": "table", "caption": "

| Total Stockholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |
| Basic Shareholders' Equity | 1,000 | 1,000,000 |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

| Basic Shareholders' Equity | 1,000 | 1,000,000 |
| --- | --- | --- |

<table><tr><td>Basic Shareholders' Equity</td><td>1,000</td><td

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 1999 |

Consolidated Schedule of Investments

31

Consolidated Schedule of Investments

[cont'd]

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2,000 | 2,000 |
| 2020 | 1,000 | 1,000 |
| 2019 | 1,000 | 1,000 |
| 2018 | 1,000 | 1,000 |
| 2017 | 1,000 | 1,000 |
| 2016 | 1,000 | 1,000 |
| 2015 | 1,000 | 1,000 |
| 2014 | 1,000 | 1,000 |
| 2013 | 1,000 | 1,000 |
| 2012 | 1,000 | 1,000 |
| 2011 | 1,000 | 1,000 |
| 2010 | 1,000 | 1,000 |

22

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022[{"box_2d": [10, 32, 482, 89], "label": "table", "caption": "

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Total | $1,000,000 | $1,000,000 |
| Cash and cash equivalents | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | 1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | 1,000,000 | 1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

| December 31, 2022 | 2021 | 2020 |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | $1,000,000 |

<table><thead><tr><th>December 31, 2022</th><th>2021</th><th>2020</th></tr></thead><tr><td>Cash and cash equivalents at end of year</td><td>$

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022[{"box_2d": [10, 35, 481, 89], "label": "table", "caption": "

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |

<table><thead><tr><th>Consolidated Schedule of Investments</th><th>2021</th><th>2020</th></tr></thead><tr><td>Cons

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| Consolidated Balance Sheets | 1,000 | 1,000,000 | Total | 1,000,000 |
| --- | --- | --- | --- | --- |
| Consolidated Balance Sheets | 1,000 | 1,000,000 | Total | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 | Total | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 | Total | 1,000,000 |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |  |  |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |  |  |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |  |  |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |  |  |
| Consolidated Balance Sheets | 1,000 | 1,000,000 |  |  |

Consolidated Schedule of Investments

35

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| December 31, 2022 | 2021 | 2020 | 2019 | 2018 |
| --- | --- | --- | --- | --- |
| Total | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Cashflow | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Dividend | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Dividend Margin | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Dividend Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin Margin | 1,000,000 | 1,000,000 | 1,000,000 |  |
| Total | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Cashflow | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Dividend | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

38

2022 BlackRock Annual Report to September 2022

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Cashflow | 1,000,000 | 1,000,000 |
| Debt | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Debt | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Debt | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Debt | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Debt | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Debt | 1,000,000 | 1,000,000 |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Debt | 1,000,000 | 1,000,000 |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Cashflow | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

Consolidated Schedule of Investments</td><td>2,000,000</td></tr></table>

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments

27

Consolidated Schedule of Investments[{"box_2d

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 1,000,000 | 2,000,000 |
| --- | --- | --- |
| 2021 | 1,000,000 | 1,000,000 |
| 2020 | 1,000,000 | 1,000,000 |
| 2019 | 1,000,000 | 1,000,000 |
| 2018 | 1,000,000 | 1,000,000 |
| 2017 | 1,000,000 | 1,000,000 |
| 2016 | 1,000,000 | 1,000,000 |
| 2015 | 1,000,000 | 1,000,000 |
| 2014 | 1,000,000 | 1,000,000 |
| 2013 | 1,000,000 | 1,000,000 |
| 2012 | 1,000,000 | 1,000,000 |
| 2011 | 1,000,000 | 1,000,000 |
| 2010 | 1,000,000 | 1,000,000 |

28

2022 BlackRock Annual Report to Securities

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages drawn are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

Consolidated Schedule of Investments

39

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022[{"box_2d": [10, 34, 482, 89], "label": "table", "caption": "

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total | 1,000,000 | 1,000,000 |
| Total | 1,000,000 | 1,000,000 |
| Total | 1,000,000 | 1,000,000 |
| Total | 1,000,000 | 1,000,000 |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total | 1,000,000 | 1,000,000 |
| Total | 1,000,000 | 1,000,000 |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total | 1,000,000 | 1,000,000 |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total | 1,000,000 | 1,000,000 |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

<tr><td>Total</td><td>1,000,000</td><td>1,000,000</td></tr></table>

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Total | 1,000,000 | 1,000,000 |
| --- | --- | --- |

<table><td>Total</td><td>1,000,000</td><td>1,000

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 2022 | 1,000,000 | 2022 | 1,000,000 |
| --- | --- | --- | --- |
| 2021 | 1,000,000 | 2021 | 1,000,000 |
| 2020 | 1,000,000 | 2020 | 1,000,000 |
| 2019 | 1,000,000 | 2019 | 1,000,000 |
| 2018 | 1,000,000 | 2018 | 1,000,000 |
| 2017 | 1,000,000 | 2017 | 1,000,000 |
| 2016 | 1,000,000 | 2016 | 1,000,000 |
| 2015 | 1,000,000 | 2015 | 1,000,000 |
| 2014 | 1,000,000 | 2014 | 1,000,000 |
| 2013 | 1,000,000 | 2013 | 1,000,000 |
| 2012 | 1,000,000 | 2012 | 1,000,000 |
| 2011 | 1,000,000 | 2011 | 1,000,000 |
| 2010 | 1,000,000 | 2010 | 1,000,000 |

Consolidated Schedule of Investments

41

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| December 31, 2022 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| December 31, 2021 | 1,000,000 | 1,000,000 |
| December 31, 2020 | 1,000,000 | 1,000,000 |
| December 31, 2019 | 1,000,000 | 1,000,000 |
| December 31, 2018 | 1,000,000 | 1,000,000 |
| December 31, 2017 | 1,000,000 | 1,000,000 |
| December 31, 2016 | 1,000,000 | 1,000,000 |
| December 31, 2015 | 1,000,000 | 1,000,000 |
| December 31, 2014 | 1,000,000 | 1,000,000 |
| December 31, 2013 | 1,000,000 | 1,000,000 |
| December 31, 2012 | 1,000,000 | 1,000,000 |
| December 31, 2011 | 1,000,000 | 1,000,000 |
| December 31, 2010 | 1,000,000 | 1,000,000 |
| December 31, 2009 | 1,000,000 | 1,000,000 |
| December 31, 2008 | 1,000,000 | 1,000,000 |
| December 31, 2007 | 1,000,000 | 1,000,000 |
| December 31, 2006 | 1,000,000 | 1,000,000 |
| December 31, 2005 | 1,000,000 | 1,000,000 |
| December 31, 2004 | 1,000,000 | 1,000,000 |
| December 31, 2003 | 1,000,000 | 1,000,000 |
| December 31, 2002 | 1,000,000 | 1,000,000 |
| December 31, 2001 | 1,000,000 | 1,000,000 |
| December 31, 2000 | 1,000,000 | 1,000,000 |

42

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| Total Assets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Total Assets | 1,000,000 | 1,000,000 |
| Total Assets | 1,000,000 | 1,000,000 |
| Total Assets | 1,000,000 | 1,000,000 |
| Total Assets | 1,000,000 | 1,000,000 |

Consolidated Schedule of Investments

43

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022[{"box_2d": [10, 34, 480, 89], "label": "table", "caption": "

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Stock (1) (2) (3) (4) | 1,000,000 | 1,000,000 |
| --- | --- | --- |

<table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><tr><td>Consolidated Stock (1) (2) (3) (4)</td><td>1,000,000</td><td>1,000,000</td></tr></tabletable><table><

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages drawn are based on Net Assets)

December 31, 2022[{"box_2d": [10, 34, 482, 89], "label": "table", "caption": "

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table><table><tr><td>Consolidated Balance Sheets</td><td>1,000,000</td><td>1,000

Consolidated Schedule of Investments

[continued]

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 1,000,000 |
| --- | --- |
| 2021 | 1,000,000 |
| 2020 | 1,000,000 |
| 2019 | 1,000,000 |
| 2018 | 1,000,000 |
| 2017 | 1,000,000 |
| 2016 | 1,000,000 |
| 2015 | 1,000,000 |
| 2014 | 1,000,000 |
| 2013 | 1,000,000 |
| 2012 | 1,000,000 |
| 2011 | 1,000,000 |
| 2010 | 1,000,000 |
| 2009 | 1,000,000 |
| 2008 | 1,000,000 |
| 2007 | 1,000,000 |
| 2006 | 1,000,000 |
| 2005 | 1,000,000 |
| 2004 | 1,000,000 |
| 2003 | 1,000,000 |
| 2002 | 1,000,000 |
| 2001 | 1,000,000 |

46

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

Consolidated Schedule of Investments

47

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

48

2022 BlackRock Annual Report to September 2021

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages drawn are based on Net Assets)

December 31, 2022

| Consolidated Stock | 1.00 | 1.00 |
| --- | --- | --- |
| Consolidated Stock | 1.00 | 1.00 |
| Consolidated Stock | 1.00 | 1.00 |
| Consolidated Stock | 1.00 | 1.00 |
| Consolidated Stock | 1.00 | 1.00 |
| Consolidated Stock | 1.00 | 1.00 |
| Consolidated Stock | 1.00 | 1.00 |

Consolidated Schedule of Investments

49

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

62

2022 BlackRock Annual Report to September 2022

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages drawn are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 | 2019 |
| --- | --- | --- | --- |
| 2021 | 2020 | 2019 | 2018 |
| 2020 | 2019 | 2018 | 2017 |
| 2019 | 2018 | 2017 | 2016 |
| 2018 | 2017 | 2016 | 2015 |
| 2017 | 2016 | 2015 | 2014 |
| 2016 | 2015 | 2014 | 2013 |
| 2015 | 2014 | 2013 | 2012 |
| 2014 | 2013 | 2012 | 2011 |
| 2013 | 2012 | 2011 | 2010 |
| 2012 | 2011 | 2010 | 2009 |
| 2011 | 2010 | 2009 | 2008 |
| 2010 | 2009 | 2008 | 2007 |
| 2009 | 2008 | 2007 | 2006 |
| 2008 | 2007 | 2006 | 2005 |
| 2007 | 2006 | 2005 | 2004 |
| 2006 | 2005 | 2004 | 2003 |
| 2005 | 2004 | 2003 | 2002 |
| 2004 | 2003 | 2002 | 2001 |
| 2003 | 2002 | 2001 | 2000 |
| 2002 | 2001 | 2000 | 1999 |

Consolidated Schedule of Investments

41

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022[{"box_2d": [10, 35, 482, 89], "label": "table", "caption": "

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

<table

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 1. 2023 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 2. 2024 | 1,000,000 | 1,000,000 |
| 3. 2025 | 1,000,000 | 1,000,000 |
| 4. 2026 | 1,000,000 | 1,000,000 |
| 5. 2027 | 1,000,000 | 1,000,000 |
| 6. 2028 | 1,000,000 | 1,000,000 |
| 7. 2029 | 1,000,000 | 1,000,000 |
| 8. 2030 | 1,000,000 | 1,000,000 |
| 9. 2031 | 1,000,000 | 1,000,000 |
| 10. 2032 | 1,000,000 | 1,000,000 |
| 11. 2033 | 1,000,000 | 1,000,000 |
| 12. 2034 | 1,000,000 | 1,000,000 |
| 13. 2035 | 1,000,000 | 1,000,000 |
| 14. 2036 | 1,000,000 | 1,000,000 |
| 15. 2037 | 1,000,000 | 1,000,000 |
| 16. 2038 | 1,000,000 | 1,000,000 |
| 17. 2039 | 1,000,000 | 1,000,000 |
| 18. 2040 | 1,000,000 | 1,000,000 |
| 19. 2041 | 1,000,000 | 1,000,000 |
| 20. 2042 | 1,000,000 | 1,000,000 |
| 21. 2043 | 1,000,000 | 1,000,000 |
| 22. 2044 | 1,000,000 | 1,000,000 |
| 23. 2045 | 1,000,000 | 1,000,000 |
| 24. 2046 | 1,000,000 | 1,000,000 |
| 25. 2047 | 1,000,000 | 1,000,000 |
| 26. 2048 | 1,000,000 | 1,000,000 |
| 27. 2049 | 1,000,000 | 1,000,000 |
| 28. 2050 | 1,000,000 | 1,000,000 |
| 29. 2051 | 1,000,000 | 1,000,000 |
| 30. 2052 | 1,000,000 | 1,000,000 |
| 31. 2053 | 1,000,000 | 1,000,000 |
| 32. 2054 | 1,000,000 | 1,000,000 |
| 33. 2055 | 1,000,000 | 1,000,000 |
| 34. 2056 | 1,000,000 | 1,000,000 |
| 35. 2057 | 1,000,000 | 1,000,000 |
| 36. 2058 | 1,000,000 | 1,000,000 |
| 37. 2059 | 1,000,000 | 1,000,000 |
| 38. 2060 | 1,000,000 | 1,000,000 |
| 39. 2061 | 1,000,000 | 1,000,000 |
| 40. 2062 | 1,000,000 | 1,000,000 |
| 41. 2063 | 1,000,000 | 1,000,000 |
| 42. 2064 | 1,000,000 | 1,000,000 |
| 43. 2065 | 1,000,000 | 1,000,000 |
| 44. 2066 | 1,000,000 | 1,000,000 |
| 45. 2067 | 1,000,000 | 1,000,000 |
| 46. 2068 | 1,000,000 | 1,000,000 |
| 47. 2069 | 1,000,000 | 1,000,000 |
| 48. 2070 | 1,000,000 | 1,000,000 |
| 49. 2071 | 1,000,000 | 1,000,000 |
| 50. 2072 | 1,000,000 | 1,000,000 |
| 51. 2073 | 1,000,000 | 1,000,000 |
| 52. 2074 | 1,000,000 | 1,000,000 |
| 53. 2075 | 1,000,000 | 1,000,000 |
| 54. 2076 | 1,000,000 | 1,000,000 |
| 55. 2077 | 1,000,000 | 1,000,000 |
| 56. 2078 | 1,000,000 | 1,000,000 |
| 57. 2079 | 1,000,000 | 1,000,000 |
| 58. 2080 | 1,000,000 | 1,000,000 |
| 59. 2081 | 1,000,000 | 1,000,000 |
| 60. 2082 | 1,000,000 | 1,000,000 |
| 61. 2083 | 1,000,000 | 1,000,000 |
| 62. 2084 | 1,000,000 | 1,000,000 |
| 63. 2085 | 1,000,000 | 1,000,000 |
| 64. 2086 | 1,000,000 | 1,000,000 |
| 65. 2087 | 1,000,000 | 1,000,000 |
| 66. 2088 | 1,000,000 | 1,000,000 |
| 67. 2089 | 1,000,000 | 1,000,000 |
| 68. 2090 | 1,000,000 | 1,000,000 |
| 69. 2091 | 1,000,000 | 1,000,000 |
| 70. 2092 | 1,000,000 | 1,000,000 |
| 71. 2093 | 1,000,000 | 1,000,000 |
| 72. 2094 | 1,000,000 | 1,000,000 |
| 73. 2095 | 1,000,000 | 1,000,000 |
| 74. 2096 | 1,000,000 | 1,000,000 |
| 75. 2097 | 1,000,000 | 1,000,000 |
| 76. 2098 | 1,000,000 | 1,000,000 |
| 77. 2099 | 1,000,000 | 1,000,000 |
| 78. 2100 | 1,000,000 | 1,000,000 |

Consolidated Schedule of Investments

63

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

54

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| ASSETS | 2022 | 2021 |
| --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 |
| ASSETS | 1,000,000 | 1,000,000 |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |
| ASSETS | 1,000,000 | 1,000,000 |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

| ASSETS | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| ASSETS | 2022 | 2021 |
| --- | --- | --- |

Consolidated Schedule of Investments

65

Consolidated Schedule of Investments

[1997-2017]

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| Consolidated Balance Sheets | 2,000 | 1,000,000 |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| Consolidated Balance Sheets | 2,000 | 1,000,000 |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 2,000 | 1,000,000 |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table></table>

| Consolidated Balance Sheets | 2,000 | 1,000,000 |
| --- | --- | --- |

</table></table></table>

12

2022-2023 Annual Report to Securities

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

![img-0.jpeg](img-0.jpeg)

Consolidated Schedule of Investments

47

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| Consolidated Balance Sheets | 1.000 | 1.000 |
| --- | --- | --- |
| Cash and cash equivalents | 1.000 | 1.000 |
| Cash and cash equivalents at end of year | 1.000 | 1.000 |
| Cash and cash equivalents at end of year | 1.000 | 1.000 |
| Cash and cash equivalents at end of year | 1.000 | 1.000 |
| Cash and cash equivalents at end of year | 1.000 | 1.000 |
| Cash and cash equivalents at end of year | 1.000 | 1.000 |

12

2022 BlackRock Annual Report to September 2022

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 | 2019 |
| --- | --- | --- | --- |
| 2021 | 2020 | 2019 | 2018 |
| 2020 | 2019 | 2018 | 2017 |
| 2019 | 2018 | 2017 | 2016 |
| 2018 | 2017 | 2016 | 2015 |
| 2017 | 2016 | 2015 | 2014 |
| 2016 | 2015 | 2014 | 2013 |
| 2015 | 2014 | 2013 | 2012 |
| 2014 | 2013 | 2012 | 2011 |
| 2013 | 2012 | 2011 | 2010 |
| 2012 | 2011 | 2010 | 2009 |
| 2011 | 2010 | 2009 | 2008 |
| 2010 | 2009 | 2008 | 2007 |
| 2009 | 2008 | 2007 | 2006 |
| 2008 | 2007 | 2006 | 2005 |
| 2007 | 2006 | 2005 | 2004 |
| 2006 | 2005 | 2004 | 2003 |
| 2005 | 2004 | 2003 | 2002 |
| 2004 | 2003 | 2002 | 2001 |
| 2003 | 2002 | 2001 | 2000 |
| 2002 | 2001 | 2000 | 1999 |

Consolidated Schedule of Investments

59

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022

| December 31, 2022 | 12.00 | 12.00 | 12.00 |
| --- | --- | --- | --- |
| December 31, 2021 | 12.00 | 12.00 | 12.00 |
| December 31, 2020 | 12.00 | 12.00 | 12.00 |
| December 31, 2019 | 12.00 | 12.00 | 12.00 |
| December 31, 2018 | 12.00 | 12.00 | 12.00 |
| December 31, 2017 | 12.00 | 12.00 | 12.00 |
| December 31, 2016 | 12.00 | 12.00 | 12.00 |
| December 31, 2015 | 12.00 | 12.00 | 12.00 |
| December 31, 2014 | 12.00 | 12.00 | 12.00 |
| December 31, 2013 | 12.00 | 12.00 | 12.00 |
| December 31, 2012 | 12.00 | 12.00 | 12.00 |
| December 31, 2011 | 12.00 | 12.00 | 12.00 |
| December 31, 2010 | 12.00 | 12.00 | 12.00 |

68

2022 BlackRock Annual Report to December 2022

Consolidated Schedule of Investments

[continued]

BlackRock Strategic Income Opportunities Portfolio

(Percentages drawn are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2,000 | 2,000 |
| 2020 | 2,000 | 2,000 |
| 2019 | 2,000 | 2,000 |
| 2018 | 2,000 | 2,000 |
| 2017 | 2,000 | 2,000 |
| 2016 | 2,000 | 2,000 |
| 2015 | 2,000 | 2,000 |
| 2014 | 2,000 | 2,000 |
| 2013 | 2,000 | 2,000 |
| 2012 | 2,000 | 2,000 |
| 2011 | 2,000 | 2,000 |
| 2010 | 2,000 | 2,000 |
| 2009 | 2,000 | 2,000 |
| 2008 | 2,000 | 2,000 |
| 2007 | 2,000 | 2,000 |
| 2006 | 2,000 | 2,000 |
| 2005 | 2,000 | 2,000 |
| 2004 | 2,000 | 2,000 |
| 2003 | 2,000 | 2,000 |
| 2002 | 2,000 | 2,000 |
| 2001 | 2,000 | 2,000 |
| 2000 | 2,000 | 2,000 |

Consolidated Schedule of Investments

41

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022[{"box_2d": [10, 34, 479, 89], "label": "table", "caption": "

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |
| Dividends | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Dividends | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Dividends | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Dividends | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |
| Dividends | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Dividends | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |
| Dividends | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |
| Dividends | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |
| Dividends | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

| Cashflows | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- | --- | --- | --- |

<table><tr><td>Cashflows</td><td>1.00</td><td>1.00</td><td>1.00

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 | 2019 | 2018 |
| --- | --- | --- | --- | --- |
| 2021 | 2020 | 2019 | 2018 | 2017 |
| 2020 | 2019 | 2018 | 2017 | 2016 |
| 2019 | 2018 | 2017 | 2016 | 2015 |
| 2018 | 2017 | 2016 | 2015 | 2014 |
| 2017 | 2016 | 2015 | 2014 | 2013 |
| 2016 | 2015 | 2014 | 2013 | 2012 |
| 2015 | 2014 | 2013 | 2012 | 2011 |
| 2014 | 2013 | 2012 | 2011 | 2010 |
| 2013 | 2012 | 2011 | 2010 | 2009 |
| 2012 | 2011 | 2010 | 2009 | 2008 |
| 2011 | 2010 | 2009 | 2008 | 2007 |
| 2010 | 2009 | 2008 | 2007 | 2006 |
| 2009 | 2008 | 2007 | 2006 | 2005 |
| 2008 | 2007 | 2006 | 2005 | 2004 |
| 2007 | 2006 | 2005 | 2004 | 2003 |
| 2006 | 2005 | 2004 | 2003 | 2002 |
| 2005 | 2004 | 2003 | 2002 | 2001 |
| 2004 | 2003 | 2002 | 2001 | 2000 |

Consolidated Schedule of Investments

43

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

64

2022 BlackRock Annual Report to Securities

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022[{"box_2d": [10, 36, 482, 93], "label": "table", "caption": "

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

| 1. 2023 | 1. 2024 | 1. 2025 | 1. 2026 | 1. 2027 | 1. 2028 | 1. 2029 | 1. 2030 |
| --- | --- | --- | --- | --- | --- | --- | --- |

<table><tr><td>1. 2023</td><td>1. 2024</td><td>1. 2025</td><td>1. 2026</td><td>1. 2027

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022[{"box_2d": [10, 34, 481, 89], "label": "table", "caption": "

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

| Preliminary Balance Sheet (Cont.) | 12,000 | 12,000,000 |
| --- | --- | --- |

<table><tr><td>Preliminary Balance Sheet (Cont.)</td><td>12,000</td><td>12,000,000</td></tr></tabletable><table><tr><td>Preliminary Balance Sheet (Cont.)</td><td>12,000</td><td>12,000,000</td></tr></tabletable><table><tr><td>Preliminary Balance Sheet (Cont.)</td><td>12,000</td><td>12,000,000</td></tr></tabletable><table><tr><td>Preliminary Balance Sheet (Cont.)</td><td>12,000</td><td>12,000,000</td></tr></tabletable><table><tr><td>Preliminary Balance Sheet (Cont.)</td><td>12,000</td><td>12,000,000</td></tr></tabletable><table><tr><td>Preliminary Balance Sheet (Cont.)</td><td>12,000</td><td>12,000,000</td></tr></tabletable><table><tr><td>Preliminary Balance Sheet (Cont.)</td><td>12,000</td><td>12,000,000</td></tr></tabletable><table><tr><td>Preliminary Balance Sheet (Cont.)</td><td>12,000</td><td>12,000,000</td></tr></tabletable><table><tr><td>Preliminary Balance Sheet (Cont.)</td><td>12,000</td><td>12,000,000</td></tr></tabletable><table><tr><td>

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 | 2019 |
| --- | --- | --- | --- |
| 2021 | 2020 | 2019 | 2018 |
| 2020 | 2019 | 2018 | 2017 |
| 2019 | 2018 | 2017 | 2016 |
| 2018 | 2017 | 2016 | 2015 |
| 2017 | 2016 | 2015 | 2014 |
| 2016 | 2015 | 2014 | 2013 |
| 2015 | 2014 | 2013 | 2012 |
| 2014 | 2013 | 2012 | 2011 |
| 2013 | 2012 | 2011 | 2010 |
| 2012 | 2011 | 2010 | 2009 |
| 2011 | 2010 | 2009 | 2008 |
| 2010 | 2009 | 2008 | 2007 |
| 2009 | 2008 | 2007 | 2006 |
| 2008 | 2007 | 2006 | 2005 |
| 2007 | 2006 | 2005 | 2004 |
| 2006 | 2005 | 2004 | 2003 |
| 2005 | 2004 | 2003 | 2002 |
| 2004 | 2003 | 2002 | 2001 |
| 2003 | 2002 | 2001 | 2000 |
| 2002 | 2001 | 2000 | 1999 |

Consolidated Schedule of Investments

47

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| Consolidated Schedule of Investments | 2021 | 2020 |
| --- | --- | --- |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 |
| Consolidated Balance Sheets | $1,000,000 |  |
| Consolidated Balance Sheets | $1,000,000 |  |
| Consolidated Balance Sheets | $1,000,000 |  |
| Consolidated Balance Sheets | $1,000,000 |  |

68

2022 BlackRock Annual Report to Securities

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages drawn are based on Net Assets)

December 31, 2022

| Consolidated Balance Sheets | 2022 | 2021 |
| --- | --- | --- |
| Cash | $1,000,000 | $1,000,000 |
| Dividends | (1,000,000) | (1,000,000) |
| Cash | (1,000,000) | (1,000,000) |
| Dividends | (1,000,000) | (1,000,000) |
| Cash | (1,000,000) | (1,000,000) |
| Dividends | (1,000,000) | (1,000,000) |

| Consolidated Balance Sheets | 2022 | 2021 |
| --- | --- | --- |
| Cash | $1,000,000 | $1,000,000 |
| Dividends | (1,000,000) | (1,000,000) |
| Cash | (1,000,000) | (1,000,000) |
| Dividends | (1,000,000) | (1,000,000) |

| Consolidated Balance Sheets | 2022 | 2021 |
| --- | --- | --- |
| Cash | $1,000,000 | $1,000,000 |
| Dividends | (1,000,000) | (1,000,000) |
| Cash | (1,000,000) | (1,000,000) |

| Consolidated Balance Sheets | 2022 | 2021 |
| --- | --- | --- |
| Cash | $1,000,000 | $1,000,000 |
| Dividends | (1,000,000) | (1,000,000) |

| Consolidated Balance Sheets | 2022 | 2021 |
| --- | --- | --- |
| Cash | $1,000,000 | $1,000,000 |

| Dividends | (1,000,000) | (1,000,000) |
| --- | --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table>

| Dividends | (1,000,000) |
| --- | --- |

</table>

| Cash | (1,000,000) |
| --- | --- |

</table></table>

| Dividends | (1,000,000) |
| --- | --- |

</table></table>

| Cash | (1,000,000) |
| --- | --- |

</table></table>

| Dividends | (1,000,000) |
| --- | --- |

</table></table>

| Cash | (1,000,000) |
| --- | --- |

</table></table>

| Dividends | (1,000,000) |
| --- | --- |

</table></table>

| Cash | (1,000,000) |
| --- | --- |

</table></table>

Consolidated Schedule of Investments

69

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

32

2022 BlackRock Annual Report to December 2021

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022[{"box_2d": [10, 35, 482, 89], "label": "table", "caption": "

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

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| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

<table><tr><td>1</td><td>2</td><td>3</td><td>4</td><td>5</td><td>6</td><td>7

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

72

2022 BlackRock Annual Report to December 2021

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets (1) | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets (2) | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets (3) | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets (4) | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets (5) | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets (6) | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets (7) | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets (8) | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets (9) | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets (10) | 1,000,000 | 1,000,000 |

Consolidated Schedule of Investments

73

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022

| 1. 2023 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 2. 2024 | 1,000,000 | 1,000,000 |
| 3. 2025 | 1,000,000 | 1,000,000 |
| 4. 2026 | 1,000,000 | 1,000,000 |
| 5. 2027 | 1,000,000 | 1,000,000 |
| 6. 2028 | 1,000,000 | 1,000,000 |
| 7. 2029 | 1,000,000 | 1,000,000 |
| 8. 2030 | 1,000,000 | 1,000,000 |
| 9. 2031 | 1,000,000 | 1,000,000 |
| 10. 2032 | 1,000,000 | 1,000,000 |
| 11. 2033 | 1,000,000 | 1,000,000 |
| 12. 2034 | 1,000,000 | 1,000,000 |
| 13. 2035 | 1,000,000 | 1,000,000 |
| 14. 2036 | 1,000,000 | 1,000,000 |
| 15. 2037 | 1,000,000 | 1,000,000 |
| 16. 2038 | 1,000,000 | 1,000,000 |
| 17. 2039 | 1,000,000 | 1,000,000 |
| 18. 2040 | 1,000,000 | 1,000,000 |
| 19. 2041 | 1,000,000 | 1,000,000 |
| 20. 2042 | 1,000,000 | 1,000,000 |
| 21. 2043 | 1,000,000 | 1,000,000 |
| 22. 2044 | 1,000,000 | 1,000,000 |
| 23. 2045 | 1,000,000 | 1,000,000 |
| 24. 2046 | 1,000,000 | 1,000,000 |
| 25. 2047 | 1,000,000 | 1,000,000 |
| 26. 2048 | 1,000,000 | 1,000,000 |
| 27. 2049 | 1,000,000 | 1,000,000 |
| 28. 2050 | 1,000,000 | 1,000,000 |
| 29. 2051 | 1,000,000 | 1,000,000 |
| 30. 2052 | 1,000,000 | 1,000,000 |
| 31. 2053 | 1,000,000 | 1,000,000 |
| 32. 2054 | 1,000,000 | 1,000,000 |
| 33. 2055 | 1,000,000 | 1,000,000 |
| 34. 2056 | 1,000,000 | 1,000,000 |
| 35. 2057 | 1,000,000 | 1,000,000 |
| 36. 2058 | 1,000,000 | 1,000,000 |
| 37. 2059 | 1,000,000 | 1,000,000 |
| 38. 2060 | 1,000,000 | 1,000,000 |
| 39. 2061 | 1,000,000 | 1,000,000 |
| 40. 2062 | 1,000,000 | 1,000,000 |
| 41. 2063 | 1,000,000 | 1,000,000 |
| 42. 2064 | 1,000,000 | 1,000,000 |
| 43. 2065 | 1,000,000 | 1,000,000 |
| 44. 2066 | 1,000,000 | 1,000,000 |
| 45. 2067 | 1,000,000 | 1,000,000 |
| 46. 2068 | 1,000,000 | 1,000,000 |
| 47. 2069 | 1,000,000 | 1,000,000 |
| 48. 2070 | 1,000,000 | 1,000,000 |
| 49. 2071 | 1,000,000 | 1,000,000 |
| 50. 2072 | 1,000,000 | 1,000,000 |
| 51. 2073 | 1,000,000 | 1,000,000 |
| 52. 2074 | 1,000,000 | 1,000,000 |
| 53. 2075 | 1,000,000 | 1,000,000 |
| 54. 2076 | 1,000,000 | 1,000,000 |
| 55. 2077 | 1,000,000 | 1,000,000 |
| 56. 2078 | 1,000,000 | 1,000,000 |
| 57. 2079 | 1,000,000 | 1,000,000 |
| 58. 2080 | 1,000,000 | 1,000,000 |
| 59. 2081 | 1,000,000 | 1,000,000 |
| 60. 2082 | 1,000,000 | 1,000,000 |
| 61. 2083 | 1,000,000 | 1,000,000 |
| 62. 2084 | 1,000,000 | 1,000,000 |
| 63. 2085 | 1,000,000 | 1,000,000 |
| 64. 2086 | 1,000,000 | 1,000,000 |
| 65. 2087 | 1,000,000 | 1,000,000 |
| 66. 2088 | 1,000,000 | 1,000,000 |
| 67. 2089 | 1,000,000 | 1,000,000 |
| 68. 2090 | 1,000,000 | 1,000,000 |
| 69. 2091 | 1,000,000 | 1,000,000 |
| 70. 2092 | 1,000,000 | 1,000,000 |
| 71. 2093 | 1,000,000 | 1,000,000 |
| 72. 2094 | 1,000,000 | 1,000,000 |
| 73. 2095 | 1,000,000 | 1,000,000 |
| 74. 2096 | 1,000,000 | 1,000,000 |
| 75. 2097 | 1,000,000 | 1,000,000 |
| 76. 2098 | 1,000,000 | 1,000,000 |
| 77. 2099 | 1,000,000 | 1,000,000 |
| 78. 2100 | 1,000,000 | 1,000,000 |

74

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

Consolidated Schedule of Investments

76

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |

74

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 1 | 1,000 | 1,000 |
| --- | --- | --- |
| 2 | 1,000 | 1,000 |
| 3 | 1,000 | 1,000 |
| 4 | 1,000 | 1,000 |
| 5 | 1,000 | 1,000 |
| 6 | 1,000 | 1,000 |
| 7 | 1,000 | 1,000 |
| 8 | 1,000 | 1,000 |
| 9 | 1,000 | 1,000 |
| 10 | 1,000 | 1,000 |

Consolidated Schedule of Investments

77

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| Description | Pre 2022 | 2021 | Change |
| --- | --- | --- | --- |
| Consolidated Balance Sheets |  |  |  |
| Stockholders' Equity | 14,000 | 14,000,000 |  |
| Stockholders' Equity | 14,000 | 14,000,000 |  |
| Stockholders' Equity | 14,000 | 14,000,000 |  |
| Stockholders' Equity | 14,000 | 14,000,000 |  |
| Stockholders' Equity | 14,000 | 14,000,000 |  |
| Stockholders' Equity | 14,000 | 14,000,000 |  |
| Stockholders' Equity | 14,000 | 14,000,000 |  |

78

2022 BlackRock Annual Report to Securities

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 1,000,000 | 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 | 1,000,000 |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 1,000,000 | 1,000,000 | 1,000,000 |
| 1,000,000 | 1,000,000 | 1,000,000 |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 1,000,000 | 1,000,000 | 1,000,000 |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 1,000,000 | 1,000,000 | 1,000,000 |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table></table></table></table></table>

Consolidated Schedule of Investments

79

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 1,000,000 | 2022 | 1,000,000 |
| --- | --- | --- | --- |
| 2021 | 1,000,000 | 2021 | 1,000,000 |
| 2020 | 1,000,000 | 2020 | 1,000,000 |
| 2019 | 1,000,000 | 2019 | 1,000,000 |
| 2018 | 1,000,000 | 2018 | 1,000,000 |
| 2017 | 1,000,000 | 2017 | 1,000,000 |
| 2016 | 1,000,000 | 2016 | 1,000,000 |
| 2015 | 1,000,000 | 2015 | 1,000,000 |
| 2014 | 1,000,000 | 2014 | 1,000,000 |
| 2013 | 1,000,000 | 2013 | 1,000,000 |
| 2012 | 1,000,000 | 2012 | 1,000,000 |
| 2011 | 1,000,000 | 2011 | 1,000,000 |
| 2010 | 1,000,000 | 2010 | 1,000,000 |

100

2022 BlackRock Annual Report to Securities

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages drawn are based on Net Assets)

December 31, 2022

| Total | 1,000,000 | Total | 1,000,000 |
| --- | --- | --- | --- |
| Total | 1,000,000 | Total | 1,000,000 |
| Total | 1,000,000 | Total | 1,000,000 |
| Total | 1,000,000 | Total | 1,000,000 |
| Total | 1,000,000 | Total | 1,000,000 |

| Total | 1,000,000 |
| --- | --- |
| Total | 1,000,000 |
| Total | 1,000,000 |

| Total | 1,000,000 |
| --- | --- |
| Total | 1,000,000 |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

</table>

| Total | 1,000,000 |
| --- | --- |

</table></table>

| Total | 1,000,000 |
| --- | --- |

</table></table><tr><td>Total</td><td>1,000,000</td></tr></table></table></table></table>

Consolidated Schedule of Investments

xii

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022

| 2022 | 2021 | 2020 |
| --- | --- | --- |
| 2021 | 2020 | 2019 |
| 2020 | 2019 | 2018 |
| 2019 | 2018 | 2017 |
| 2018 | 2017 | 2016 |
| 2017 | 2016 | 2015 |
| 2016 | 2015 | 2014 |
| 2015 | 2014 | 2013 |
| 2014 | 2013 | 2012 |
| 2013 | 2012 | 2011 |
| 2012 | 2011 | 2010 |
| 2011 | 2010 | 2009 |
| 2010 | 2009 | 2008 |
| 2009 | 2008 | 2007 |
| 2008 | 2007 | 2006 |
| 2007 | 2006 | 2005 |
| 2006 | 2005 | 2004 |
| 2005 | 2004 | 2003 |
| 2004 | 2003 | 2002 |
| 2003 | 2002 | 2001 |
| 2002 | 2001 | 2000 |

132

2022 BlackRock Annual Report to September 2021

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022[{"box_2d": [10, 35, 482, 93], "label": "table", "caption": "

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table>

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- |

</table></table><table><tr><td

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on last Assets)

December 31, 2022

| In the year ended December 31, 2022 | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| In the year ended December 31, 2021 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2020 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2019 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2018 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2017 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2016 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2015 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2014 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2013 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2012 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2011 | 1,000,000 | 1,000,000 |
| In the year ended December 31, 2010 | 1,000,000 | 1,000,000 |

124

2022 BlackRock Annual Report to Securities

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

(Percentages shown are based on Net Assets)

December 31, 2022[{"box_2d": [10, 35, 482, 93], "label": "table", "caption": "

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |
| Consolidated Stock Exchange | 1,000,000 | 1,000,000 |

| Consolidated Schedule of Investments | 2022 | 2021 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

| Consolidated Schedule of Investments | 1,000,000 | 1,000,000 |
| --- | --- | --- |

<table><tr><td>Consolidated Schedule of Investments</

Consolidated Schedule of Investments

[continued]

BlackRock Strategic Income Opportunities Portfolio
(Percentages shown are based on last Assets)

December 31, 2022[{"box_2d": [10, 36, 482, 429], "label": "table", "caption": "

| Consolidated Balance Sheets | 1,000,000 | 1,000,000 | Consolidated Balance Sheets | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| Cash | 12.50 | 1,000,000 | Cash | 12.50 | 1,000,000 |
| Dividend | 1,000,000 | 1,000,000 | Dividend | 1,000,000 | 1,000,000 |
| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 | Interest | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 | Interest | 1,000,000 | 1,000,000 |
| Interest | 1,000,000 | 1,000,000 | Interest | 1,000,000 | 1,000,000 |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |
| Dividend | 1,000,000 | 1,000,000 | Dividend | 1,000,000 | 1,000,000 |
| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

| Cash | 1,000,000 | 1,000,000 | Cash | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- | --- |

<table

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio
(Percentages drawn are based on Net Assets)

December 31, 2022

| Preliminary and Financial Assets | 10,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |
| Consolidated Stock Exchange | 10,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Consolidated Stock Exchange | 10,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Consolidated Stock Exchange (Net Assets) | 10,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Consolidated Stock Exchange (Net Assets) | 10,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Consolidated Stock Exchange (Net Assets) | 10,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Consolidated Stock Exchange (Net Assets) | 10,000 |  |  |  |
| Consolidated Stock Exchange (Net Assets) | 10,000 |  |  |  |

Consolidated Schedule of Investments

227

Consolidated Schedule of Investments

[continued]

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| At-Times | 2,786,000 | 2,786,000 | 2,786,000 |
| --- | --- | --- | --- |
| Consolidated Stockholders' Equity | 2,786,000 | 2,786,000 | 2,786,000 |
| Consolidated Stockholders' Equity | 2,786,000 | 2,786,000 | 2,786,000 |
| Consolidated Stockholders' Equity | 2,786,000 | 2,786,000 | 2,786,000 |
| Consolidated Stockholders' Equity | 2,786,000 | 2,786,000 | 2,786,000 |

100

2022 BlackRock Annual Report to Incorporated

Consolidated Schedule of Investments

[COPY NO.]

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

**Deductible Production/Investments Outstanding as of Period End**

In the event of a change in the market, the Company shall be entitled to a reduction in the amount of the Company's profit from the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company

Consolidated Schedule of Investments

100

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

# **Depreciation and Capitalization of the Company**[{"box_2d": [10, 44, 481, 93], "label": "table", "caption": "

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

| Description | Amount | Balance |
| --- | --- | --- |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |
| Cash and cash equivalents at end of year | $1,000,000 | 1,000,000 |

<table><thead><tr><th>Description</th><th>Amount</th><th>Balance</th></tr></thead><tr><td>Cash and cash equivalents

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Financial Services Company Exchange | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| Consolidated Securities | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated Securities | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated Securities | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated Securities | 1,000,000 |  |  |  |
| Consolidated Securities | 1,000,000 |  |  |  |
| Consolidated Securities | 1,000,000 |  |  |  |
| Consolidated Securities | 1,000,000 |  |  |  |
| Consolidated Securities | 1,000,000 |  |  |  |
| Consolidated Securities | 1,000,000 |  |  |  |

Consolidated Schedule of Investments

111

Consolidated Schedule of Investments

[continued]

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022[{"box_2d": [10, 35, 481, 93], "label": "table", "caption": "

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |
| Dividend on hand on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |
| Dividend on hand | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |
| Consolidated Balance Sheets | $1,000,000.00 |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

<tr><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

<tr><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

<tr><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

<tr><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

<tr><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

<tr><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

<tr><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

| Description | Amount |
| --- | --- |

| Description | Amount |
| --- | --- |

<tr><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

<table><704</td></tr></table>

| Consolidated Balance Sheets | $1,000,000.00 |
| --- | --- |

<table><704</td></tr></table>

| Consolidated Balance Sheets | $1,000,000.00 |
| --- | --- |

<table><704</td></tr></table>

<table><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

<table><704</td></tr></table>

<table><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

<table><704</td></tr></table>

<table><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

<table><704</td></tr></table>

<table><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

<table><704</td></tr></table>

<table><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

<table><704</td></tr></table>

<td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

<table><704</td></tr></table>

<td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

<table><704</td></tr></table>

<table><td>Consolidated Balance Sheets</td><td>$1,000,000.00</td></tr></table>

<table><td>1,000,000.00</td></tr></table>

<table><td>1,000,000.00</td></tr></table>

<table><td>1,000,000.00</td></tr></tabletabletable

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022[{"box_2d": [10, 32, 481, 89], "label": "table", "caption": "

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Description | Projected | Projected | Projected | Projected | Projected |
| --- | --- | --- | --- | --- | --- |
| Consolidated | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

<

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| December | 2022 | 2021 | 2020 | 2019 | 2018 |
| --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 2 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 3 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 4 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 5 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 6 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 7 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 8 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 9 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 10 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

114

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Category | Description | Amount |
| --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 |

Consolidated Schedule of Investments

135

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| December | 2022 | 2021 | 2020 |
| --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1,000,000 |
| 2 | 1,000,000 | 1,000,000 | 1,000,000 |
| 3 | 1,000,000 | 1,000,000 | 1,000,000 |
| 4 | 1,000,000 | 1,000,000 | 1,000,000 |
| 5 | 1,000,000 | 1,000,000 | 1,000,000 |
| 6 | 1,000,000 | 1,000,000 | 1,000,000 |
| 7 | 1,000,000 | 1,000,000 | 1,000,000 |
| 8 | 1,000,000 | 1,000,000 | 1,000,000 |
| 9 | 1,000,000 | 1,000,000 | 1,000,000 |
| 10 | 1,000,000 | 1,000,000 | 1,000,000 |

116

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

![img-0.jpeg](img-0.jpeg)

Consolidated Schedule of Investments

117

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

DSC Service Options, $M

| Description | Amount | Balance |
| --- | --- | --- |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 |
| Consolidated Balance Sheets | $1,000,000 | $1,000,000 |

116

2022 BlackRock Annual Report to Securities

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Description | Description | Amount |
| --- | --- | --- |
| Consolidated Stock Exchange | Consolidated Stock Exchange | $1,000,000 |
| Consolidated Stock Exchange | Consolidated Stock Exchange | $1,000,000 |
| Consolidated Stock Exchange | Consolidated Stock Exchange | $1,000,000 |
| Consolidated Stock Exchange | Consolidated Stock Exchange | $1,000,000 |

Consolidated Schedule of Investments

139

Consolidated Schedule of Investments

[COPY NO]

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | 2036 | 2037 | 2038 | 2039 | 2040 | 2041 | 2042 | 2043 | 2044 | 2045 | 2046 | 2047 | 2048 | 2049 | 2050 | 2051 | 2052 | 2053 | 2054 | 2055 | 2056 | 2057 | 2058 | 2059 | 2060 | 2061 | 2062 | 2063 | 2064 | 2065 | 2066 | 2067 | 2068 | 2069 | 2070 | 2071 | 2072 | 2073 | 2074 | 2075 | 2076 | 2077 | 2078 | 2079 | 2080 | 2081 | 2082 | 2083 | 2084 | 2085 | 2086 | 2087 | 2088 | 2089 | 2090 | 2091 | 2092 | 2093 | 2094 | 2095 | 2096 | 2097 | 2098 | 2099 | 2100 | 2101 | 2102 | 2103 | 2104 | 2105 | 2106 | 2107 | 2108 | 2109 | 2110 | 2111 | 2112 | 2113 | 2114 | 2115 | 2116 | 2117 | 2118 | 2119 | 2120 | 2121 | 2122 | 2123 | 2124 | 2125 | 2126 | 2127 | 2128 | 2129 | 2130 | 2131 | 2132 | 2133 | 2134 | 2135 | 2136 | 2137 | 2138 | 2139 | 2140 | 2141 | 2142 | 2143 | 2144 | 2145 | 2146 | 2147 | 2148 | 2149 | 2150 | 2151 | 2152 | 2153 | 2154 | 2155 | 2156 | 2157 | 2158 | 2159 | 2160 | 2161 | 2162 | 2163 | 2164 | 2165 | 2166 | 2167 | 2168 | 2169 | 2170 | 2171 | 2172 | 2173 | 2174 | 2175 | 2176 | 2177 | 2178 | 2179 | 2180 | 2181 | 2182 | 2183 | 2184 | 2185 | 2186 | 2187 | 2188 | 2189 | 2190 | 2191 | 2192 | 2193 | 2194 | 2195 | 2196 | 2197 | 2198 | 2199 | 2200 | 2201 | 2202 | 2203 | 2204 | 2205 | 2206 | 2207 | 2208 | 2209 | 2210 | 2211 | 2212 | 2213 | 2214 | 2215 | 2216 | 2217 | 2218 | 2219 | 2220 | 2221 | 2222 | 2223 | 2224 | 2225 | 2226 | 2227 | 2228 | 2229 | 2230 | 2231 | 2232 | 2233 | 2234 | 2235 | 2236 | 2237 | 2238 | 2239 | 2240 | 2241 | 2242 | 2243 | 2244 | 2245 | 2246 | 2247 | 2248 | 2249 | 2250 | 2251 | 2252 | 2253 | 2254 | 2255 | 2256 | 2257 | 2258 | 2259 | 2260 | 2261 | 2262 | 2263 | 2264 | 2265 | 2266 | 2267 | 2268 | 2269 | 2270 | 2271 | 2272 | 2273 | 2274 | 2275 | 2276 | 2277 | 2278 | 2279 | 2280 | 2281 | 2282 | 2283 | 2284 | 2285 | 2286 | 2287 | 2288 | 2289 | 2290 | 2291 | 2292 | 2293 | 2294 | 2295 | 2296 | 2297 | 2298 | 2299 | 2300 | 2301 | 2302 | 2303 | 2304 | 2305 | 2306 | 2307 | 2308 | 2309 | 2310 | 2311 | 2312 | 2313 | 2314 | 2315 | 2316 | 2317 | 2318 | 2319 | 2320 | 2321 | 2322 | 2323 | 2324 | 2325 | 2326 | 2327 | 2328 | 2329 | 2330 | 2331 | 2332 | 2333 | 2334 | 2335 | 2336 | 2337 | 2338 | 2339 | 2340 | 2341 | 2342 | 2343 | 2344 | 2345 | 2346 | 2347 | 2348 | 2349 | 2350 | 2351 | 2352 | 2353 | 2354 | 2355 | 2356 | 2357 | 2358 | 2359 | 2360 | 2361 | 2362 | 2363 | 2364 | 2365 | 2366 | 2367 | 2368 | 2369 | 2370 | 2371 | 2372 | 2373 | 2374 | 2375 | 2376 | 2377 | 2378 | 2379 | 2380 | 2381 | 2382 | 2383 | 2384 | 2385 | 2386 | 2387 | 2388 | 2389 | 2390 | 2391 | 2392 | 2393 | 2394 | 2395 | 2396 | 2397 | 2398 | 2399 | 2400 | 2401 | 2402 | 2403 | 2404 | 2405 | 2406 | 2407 | 2408 | 2409 | 2410 | 2411 | 2412 | 2413 | 2414 | 2415 | 2416 | 2417 | 2418 | 2419 | 2420 | 2421 | 2422 | 2423 | 2424 | 2425 | 2426 | 2427 | 2428 | 2429 | 2430 | 2431 | 2432 | 2433 | 2434 | 2435 | 2436 | 2437 | 2438 | 2439 | 2440 | 2441 | 2442 | 2443 | 2444 | 2445 | 2446 | 2447 | 2448 | 2449 | 2450 | 2451 | 2452 | 2453 | 2454 | 2455 | 2456 | 2457 | 2458 | 2459 | 2460 | 2461 | 2462 | 2463 | 2464 | 2465 | 2466 | 2467 | 2468 | 2469 | 2470 | 2471 | 2472 | 2473 | 2474 | 2475 | 2476 | 2477 | 2478 | 2479 | 2480 | 2481 | 2482 | 2483 | 2484 | 2485 | 2486 | 2487 | 2488 | 2489 | 2490 | 2491 | 2492 | 2493 | 2494 | 2495 | 2496 | 2497 | 2498 | 2499 | 2500 | 2501 | 2502 | 2503 | 2504 | 2505 | 2506 | 2507 | 2508 | 2509 | 2510 | 2511 | 2512 | 2513 | 2514 | 2515 | 2516 | 2517 | 2518 | 2519 | 2520 | 2521 | 2522 | 2523 | 2524 | 2525 | 2526 | 2527 | 2528 | 2529 | 2530 | 2531 | 2532 | 2533 | 2534 | 2535 | 2536 | 2537 | 2538 | 2539 | 2540 | 2541 | 2542 | 2543 | 2544 | 2545 | 2546 | 2547 | 2548 | 2549 | 2550 | 2551 | 2552 | 2553 | 2554 | 2555 | 2556 | 2557 | 2558 | 2559 | 2560 | 2561 | 2562 | 2563 | 2564 | 2565 | 2566 | 2567 | 2568 | 2569 | 2570 | 2571 | 2572 | 2573 | 2574 | 2575 | 2576 | 2577 | 2578 | 2579 | 2580 | 2581 | 2582 | 2583 | 2584 | 2585 | 2586 | 2587 | 2588 | 2589 | 2590 | 2591 | 2592 | 2593 | 2594 | 2595 | 2596 | 2597 | 2598 | 2599 | 2600 | 2601 | 2602 | 2603 | 2604 | 2605 | 2606 | 2607 | 2608 | 2609 | 2610 | 2611 | 2612 | 2613 | 2614 | 2615 | 2616 | 2617 | 2618 | 2619 | 2620 | 2621 | 2622 | 2623 | 2624 | 2625 | 2626 | 2627 | 2628 | 2629 | 2630 | 2631 | 2632 | 2633 | 2634 | 2635 | 2636 | 2637 | 2638 | 2639 | 2640 | 2641 | 2642 | 2643 | 2644 | 2645 | 2646 | 2647 | 2648 | 2649 | 2650 | 2651 | 2652 | 2653 | 2654 | 2655 | 2656 | 2657 | 2658 | 2659 | 2660 | 2661 | 2662 | 2663 | 2664 | 2665 | 2666 | 2667 | 2668 | 2669 | 2670 | 2671 | 2672 | 2673 | 2674 | 2675 | 2676 | 2677 | 2678 | 2679 | 2680 | 2681 | 2682 | 2683 | 2684 | 2685 | 2686 | 2687 | 2688 | 2689 | 2690 | 2691 | 2692 | 2693 | 2694 | 2695 | 2696 | 2697 | 2698 | 2699 | 2700 | 2701 | 2702 | 2703 | 2704 | 2705 | 2706 | 2707 | 2708 | 2709 | 2710 | 2711 | 2712 | 2713 | 2714 | 2715 | 2716 | 2717 | 2718 | 2719 | 2720 | 2721 | 2722 | 2723 | 2724 | 2725 | 2726 | 2727 | 2728 | 2729 | 2730 | 2731 | 2732 | 2733 | 2734 | 2735 | 2736 | 2737 | 2738 | 2739 | 2740 | 2741 | 2742 | 2743 | 2744 | 2745 | 2746 | 2747 | 2748 | 2749 | 2750 | 2751 | 2752 | 2753 | 2754 | 2755 | 2756 | 2757 | 2758 | 2759 | 2760 | 2761 | 2762 | 2763 | 2764 | 2765 | 2766 | 2767 | 2768 | 2769 | 2770 | 2771 | 2772 | 2773 | 2774 | 2775 | 2776 | 2777 | 2778 | 2779 | 2780 | 2781 | 2782 | 2783 | 2784 | 2785 | 2786 | 2787 | 2788 | 2789 | 2790 | 2791 | 2792 | 2793 | 2794 | 2795 | 2796 | 2797 | 2798 | 2799 | 2800 | 2801 | 2802 | 2803 | 2804 | 2805 | 2806 | 2807 | 2808 | 2809 | 2810 | 2811 | 2812 | 2813 | 2814 | 2815 | 2816 | 2817 | 2818 | 2819 | 2820 | 2821 | 2822 | 2823 | 2824 | 2825 | 2826 | 2827 | 2828 | 2829 | 2830 | 2831 | 2832 | 2833 | 2834 | 2835 | 2836 | 2837 | 2838 | 2839 | 2840 | 2841 | 2842 | 2843 | 2844 | 2845 | 2846 | 2847 | 2848 | 2849 | 2850 | 2851 | 2852 | 2853 | 2854 | 2855 | 2856 | 2857 | 2858 | 2859 | 2860 | 2861 | 2862 | 2863 | 2864 | 2865 | 2866 | 2867 | 2868 | 2869 | 2870 | 2871 | 2872 | 2873 | 2874 | 2875 | 2876 | 2877 | 2878 | 2879 | 2880 | 2881 | 2882 | 2883 | 2884 | 2885 | 2886 | 2887 | 2888 | 2889 | 2890 | 2891 | 2892 | 2893 | 2894 | 2895 | 2896 | 2897 | 2898 | 2899 | 2900 | 2901 | 2902 | 2903 | 2904 | 2905 | 2906 | 2907 | 2908 | 2909 | 2910 | 2911 | 2912 | 2913 | 2914 | 2915 | 2916 | 2917 | 2918 | 2919 | 2920 | 2921 | 2922 | 2923 | 2924 | 2925 | 2926 | 2927 | 2928 | 2929 | 2930 | 2931 | 2932 | 2933 | 2934 | 2935 | 2936 | 2937 | 2938 | 2939 | 2940 | 2941 | 2942 | 2943 | 2944 | 2945 | 2946 | 2947 | 2948 | 2949 | 2950 | 2951 | 2952 | 2953 | 2954 | 2955 | 2956 | 2957 | 2958 | 2959 | 2960 | 2961 | 2962 | 2963 | 2964 | 2965 | 2966 | 2967 | 2968 | 2969 | 2970 | 2971 | 2972 | 2973 | 2974 | 2975 | 2976 | 2977 | 2978 | 2979 | 2980 | 2981 | 2982 | 2983 | 2984 | 2985 | 2986 | 2987 | 2988 | 2989 | 2990 | 2991 | 2992 | 2993 | 2994 | 2995 | 2996 | 2997 | 2998 | 2999 | 3000 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

120

2022 BlackRock Strategic Income Opportunities Portfolio

Consolidated Schedule of Investments

[continued]

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Consolidated Plan | Description | Amount | Date | Amount | Balance |
| --- | --- | --- | --- | --- | --- |
| 1 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |
| 2 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |
| 3 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |
| 4 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |
| 5 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |
| 6 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |
| 7 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |
| 8 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |
| 9 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |
| 10 | Consolidated Plan | $1,000,000 | 12/31/2022 | $1,000,000 | $1,000,000 |

Consolidated Schedule of Investments

121

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Description | Amount |
| --- | --- |
| Consolidated Stock Exchange | $1,000,000.00 |
| Consolidated Stock Exchange | $1,000,000.00 |
| Consolidated Stock Exchange | $1,000,000.00 |
| Consolidated Stock Exchange | $1,000,000.00 |

122

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022[{"box_2d": [8, 32, 481, 89], "label": "table", "caption": "

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

| Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- |
| Consolidated | 1.5% | $1,000,000 | 1.5% | 1.5% |

<table><thead><tr><th>Consolidated</th><th>Share</th><th>Dividend</th><th>Consolidated</th><th>Share</th></tr></thead><tr><td>Consolidated</

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Category | Current Interest Rate | Total |
| --- | --- | --- |
| Consolidated | 1.5% | 1.5 |
| Consolidated | 1.5% | 1.5 |
| Consolidated | 1.5% | 1.5 |
| Consolidated | 1.5% | 1.5 |
| Consolidated | 1.5% | 1.5 |

124

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

[COPY NO.]

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Consolidated | Shares | Share | Dividend | Consolidated | Shares | Share | Dividend | Consolidated | Shares |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Consolidated Financial Statements | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 2. Consolidated Financial Statements | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 3. Consolidated Financial Statements | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 | 1,000,000.00 |

Consolidated Schedule of Investments

126

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Project/Period | Project Name | Project Type | Project Name | Project Type | Project Name | Project Type | Project Name | Project Type | Project Name | Project Type |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |

126

2022 BlackRock Annual Report to September 2022

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022[{"box_2d": [10, 34, 481, 89], "label": "table", "caption": "

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 2 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 3 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

| Quarterly | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest | Rate | Swaps | Investment | Dividend | Interest |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1.000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

<table><thead><tr><th>Quarterly</th><th>Dividend</th><th>Interest</th><th>Rate</th><th>Swaps</th><th>Investment</th><th>Dividend</th><th>Interest</th><th>Rate</th><th>Swaps</th><th>Investment</th><th>Dividend</th><th>Interest</th></tr></thead><tr><td>1</td><td>1,000,000</td><td>1,000,000</td><td>1.000</td><td>1,000,000</td><td>1,000,000</td><td>1,000,000</td><td>1,000,000</td><td>1,000,000</td><td>1,000,000</td><td>1,000,000</td><td>1,000,000</td><td>1,000,000</td><td>

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126

126[{"box_2d": [10, 434, 27, 441], "label": "text", "table"}][{"box_2d": [10, 434, 27, 441], "label": "text", "table"}]

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019

2018-2019[{"box_2d": [10, 434, 27, 441], "label": "text", "caption": "2

Consolidated Schedule of Investments

[continued]

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

![img-0.jpeg](img-0.jpeg)

Consolidated Schedule of Investments

120

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

![img-0.jpeg](img-0.jpeg)

130

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

![img-1.jpeg](img-1.jpeg)

Consolidated Schedule of Investments

131

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Stock | Date | Description | Price | Amount | Price | Discount |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | 2022-03-31 | Stock | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| 2 | 2022-03-31 | Stock | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| 3 | 2022-03-31 | Stock | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| 4 | 2022-03-31 | Stock | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| 5 | 2022-03-31 | Stock | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| 6 | 2022-03-31 | Stock | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| 7 | 2022-03-31 | Stock | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| 8 | 2022-03-31 | Stock | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
| 9 | 2022-03-31 | Stock | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |

132

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

![img-2.jpeg](img-2.jpeg)

Consolidated Schedule of Investments

135

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

![img-3.jpeg](img-3.jpeg)

134

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

![img-4.jpeg](img-4.jpeg)

Consolidated Schedule of Investments

135

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| December | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 2 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 3 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 4 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 5 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 6 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 7 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 8 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 9 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| 10 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

136

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022[{"box_2d": [10, 34, 481, 89], "label": "table", "caption": "

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

| Category | Description | Value | Price | Amount |
| --- | --- | --- | --- | --- |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |
| Consolidated | Consolidated | $1,000,000 | $1,000,000 | $1,000,000 |

<table><thead><tr><th>Category</th><th>Description</th><th>Value</th><th>Price</th><th>Amount</th></tr></thead><tr><td>Consolidated</td><td>Consolidated</td><td>$1,000,000</td><td>$1,000,000</td><td>$1,000,000</td></tr><tr><td>Consolidated</td><td>Consolidated</td><td>$1,

Consolidated Schedule of Investments

(continued)

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Consolidated | Share | Dividend | Consolidated | Share | Dividend | Consolidated | Share | Dividend | Consolidated | Share |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash and cash equivalents | 1.5 | $1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
| Cash and cash equivalents at end of year | 1.5 | $1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
| Cash and cash equivalents at end of year | 1.5 | $1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |
| Cash and cash equivalents at end of year | 1.5 | $1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 |

130

2022 BlackRock Annual Report to Investment

Consolidated Schedule of Investments

[cont'd]

BlackRock Strategic Income Opportunities Portfolio

December 31, 2022

| Category | Description | Value | Price | Amount | Date | Balance | Balance |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | Consolidated Stock | $1,000,000 | $1,000,000 | $1,000,000 | 12/31/22 | $1,000,000 | $1,000,000 |
| 2 | Consolidated Stock | $1,000,000 | $1,000,000 | $1,000,000 | 12/31/22 | $1,000,000 | $1,000,000 |
| 3 | Consolidated Stock | $1,000,000 | $1,000,000 | $1,000,000 | 12/31/22 | $1,000,000 | $1,000,000 |
| 4 | Consolidated Stock | $1,000,000 | $1,000,000 | $1,000,000 | 12/31/22 | $1,000,000 | $1,000,000 |
| 5 | Consolidated Stock | $1,000,000 | $1,000,000 | $1,000,000 | 12/31/22 | $1,000,000 | $1,000,000 |
| 6 | Consolidated Stock | $1,000,000 | $1,000,000 | $1,000,000 | 12/31/22 | $1,000,000 | $1,000,000 |
| 7 | Consolidated Stock | $1,000,000 | $1,000,000 | $1,000,000 | 12/31/22 | $1,000,000 | $1,000,000 |
| 8 | Consolidated Stock | $1,000,000 | $1,000,000 | $1,000,000 | 12/31/22 | $1,000,000 | $1,000,000 |

Consolidated Schedule of Investments

130

## Ex-99.Cert

EX-99. CERT

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

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

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

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

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

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

a)

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

b)

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

c)

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

d)

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

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

a)

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

b)

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

Date: February 23, 2023

<u>/s/ John M. Perlowski *_*</u>

John M. Perlowski

Chief Executive Officer (principal executive officer) of <br> BlackRock Funds V

EX-99. CERT

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

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

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

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

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

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

a)

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

b)

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

c)

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

d)

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

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

a)

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

b)

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

Date: February 23, 2023

<u>/s/ Trent Walker *_*</u>

Trent Walker

Chief Financial Officer (principal financial officer) of <br> BlackRock Funds V

## Exhibit 99.906

Exhibit 99.906CERT

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

Pursuant to 18 U.S.C. § 1350, the undersigned officer of BlackRock Funds V (the "registrant"), hereby certifies, to the best of his knowledge, that the registrant's Report on Form N-CSR for the period ended December 31, 2022 (the "Report") fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

Date: February 23, 2023

<u>/s/ John M. Perlowski *_*</u>

John M. Perlowski

Chief Executive Officer (principal executive officer) of

BlackRock Funds V

Pursuant to 18 U.S.C. § 1350, the undersigned officer of BlackRock Funds V (the "registrant"), hereby certifies, to the best of his knowledge, that the registrant's Report on Form N-CSR for the period ended December 31, 2022 (the "Report") fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

Date: February 23, 2023

<u>/s/ Trent Walker *_*</u>

Trent Walker

Chief Financial Officer (principal financial officer) of

BlackRock Funds V

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