NPORT-EX 2 NPORT_LCSK_4825389055.htm BlackRock Global Allocation Fund

Consolidated Schedule of Investments (unaudited) 

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

   

Value

 

Asset-Backed Securities

     
Cayman Islands(a)(b) — 0.6%                  

522 Funding CLO Ltd., Series 2019-4A, Class CR, (3 mo. LIBOR US + 2.40%), 2.53%, 04/20/30

    USD                     500     $             498,960  

ACRES Commercial Realty Ltd., Series 2021-FL1, Class A, (1 mo. LIBOR US + 1.20%), 1.29%, 06/15/36

      8,460       8,469,622  

AGL CLO 12 Ltd., Series 2021-12A, Class A1, (3 mo. LIBOR US + 1.16%), 1.29%, 07/20/34

      2,796       2,796,288  

AGL CLO 5 Ltd.

     

Series 2020-5A, Class A2R, (3 mo. LIBOR US + 1.40%), 1.55%, 07/20/34

      1,260       1,259,031  

Series 2020-5A, Class BR, (3 mo. LIBOR US + 1.70%), 1.85%, 07/20/34

      1,752       1,752,088  

AGL CLO 7 Ltd., Series 2020-7A, Class AR, (3 mo. LIBOR US + 1.20%), 1.33%, 07/15/34(c)

      1,530       1,530,000  

ALM Ltd., Series 2020-1A, Class A2, (3 mo. LIBOR US + 1.85%), 1.98%, 10/15/29

      373       373,287  

AMMC CLO 22 Ltd., Series 2018-22A, Class B, (3 mo. LIBOR US + 1.45%), 1.58%, 04/25/31

      375       375,354  

Anchorage Capital Clo 17 Ltd., Series 2021-17A, Class A1, (3 mo. LIBOR US + 1.17%), 1.32%, 07/15/34

      1,854       1,846,846  

Anchorage Capital CLO 2018-10 Ltd., Series 2018- 10A, Class A2, (3 mo. LIBOR US + 1.50%), 1.63%, 10/15/31

      250       250,023  

Anchorage Capital CLO 7 Ltd., Series 2015-7A, Class A2, (3 mo. LIBOR US + 1.09%), 1.22%, 01/28/31

      250       250,121  

Apidos CLO APID, Series 2015-7A, Class A2, (3 mo. LIBOR US + 1.50%), 1.63%, 04/20/31

      500       499,125  

Apidos CLO XX, Series 2015-20A, Class A2RR, (3 mo. LIBOR US + 1.55%), 1.68%, 07/16/31

      400       400,003  

Apidos CLO XXI, Series 2015-21A, Class A1R, (3 mo. LIBOR US + 0.93%), 1.06%, 07/18/27

      132       132,414  

Apidos CLO XXIII, Series 2015-23A, Class B1R, (3 mo. LIBOR US + 1.60%), 1.73%, 04/15/33

      250       250,191  

Apollo Credit Funding IV Ltd., Series 4A, Class A2R, (3 mo. LIBOR US + 1.60%), 1.73%, 07/15/30

      250       248,292  

Arbor Realty Collateralized Loan Obligation Ltd., Series 2021-FL2, Class A, (1 mo. LIBOR US + 1.10%), 1.19%, 05/15/36

      5,700       5,701,888  

ARES LII CLO Ltd., Series 2019-52A, Class A2R, (3 mo. LIBOR US + 1.45%), 1.59%, 04/22/31

      250       250,000  

Ares LV CLO Ltd., Series 2020-55A, Class BR, (3 mo. LIBOR US + 1.70%), 1.83%, 07/15/34(c)

      2,786       2,781,282  

Ares XXXVII CLO Ltd., Series 2015-4A, Class A3R, (3 mo. LIBOR US + 1.50%), 1.63%, 10/15/30

      250       249,389  

ASSURANT CLO I Ltd., Series 2017-1A, Class C, (3 mo. LIBOR US + 2.10%), 2.23%, 10/20/29

      458       457,751  

ASSURANT CLO Ltd., Series 2019-5A, Class A2, (3 mo. LIBOR US + 1.75%), 1.88%, 01/15/33

      250       251,385  

Atrium XII, Series 12A, Class BR, (3 mo. LIBOR US + 1.35%), 1.49%, 04/22/27

      695       688,817  

Atrium XIII, Series 13A, Class B, (3 mo. LIBOR US + 1.50%), 1.64%, 11/21/30.

      600       596,027  
Security         

Par

(000)

   

Value

 
Cayman Islands (continued)                  

Bain Capital Credit CLO 2018-2, Series 2018-2A, Class B, (3 mo. LIBOR US + 1.60%), 1.73%, 07/19/31

    USD       750     $ 746,169  

Bain Capital Credit CLO 2020-2 Ltd., Series 2020- 2A, Class BR, (3 mo. LIBOR US + 1.70%), 1.83%, 07/19/34

                 2,425                2,425,000  

Bain Capital Credit CLO Ltd., Series 2018-1A, Class A1, (3 mo. LIBOR US + 0.96%), 1.10%, 04/23/31

      250       249,692  

Battalion CLO Ltd., Series 2021-20A, Class A, (3 mo. LIBOR US + 1.18%), 1.32%, 07/15/34

      1,848       1,841,079  

Battalion CLO VIII Ltd., Series 2015-8A, Class A1R2, (3 mo. LIBOR US + 1.07%), 1.20%, 07/18/30

      500       500,001  

Battalion CLO X Ltd.

     

Series 2016-10A, Class A1R2, (3 mo. LIBOR US + 1.17%), 1.30%, 01/25/35

      2,212       2,210,399  

Series 2016-10A, Class A2R2, (3 mo. LIBOR US + 1.55%), 1.68%, 01/25/35

      1,465       1,454,093  

Battalion CLO XI Ltd., Series 2017-11A, Class BR, (3 mo. LIBOR US + 1.72%), 1.85%, 04/24/34

      712       710,518  

Beechwood Park CLO Ltd., Series 2019-1A, Class B2A, (3 mo. LIBOR US + 1.75%), 1.88%, 01/17/33

      500       500,236  

Benefit Street Partners CLO II Ltd., Series 2013-IIA, Class A2R2, (3 mo. LIBOR US + 1.45%), 1.58%, 07/15/29

      1,845       1,842,697  

Benefit Street Partners CLO III Ltd., Series 2013-IIIA, Class A2R2, (3 mo. LIBOR US + 1.65%), 1.78%, 07/20/29

      667       666,997  

Benefit Street Partners CLO Ltd., Series 2015-VIBR, Class A, (3 mo. LIBOR US + 1.19%), 1.31%, 07/20/34

      250       250,000  

Benefit Street Partners CLO VIII Ltd., Series 2015-8A, Class A1AR, (3 mo. LIBOR US + 1.10%), 1.23%, 01/20/31

      1,000       1,000,044  

Benefit Street Partners CLO XIX Ltd., Series 2019-19A, Class B, (3 mo. LIBOR US + 2.00%), 2.13%, 01/15/33

      250       250,420  

Birch Grove CLO Ltd., Series 19A, Class BR, (3 mo. LIBOR US + 1.75%), 0.13%, 06/15/31(c)

      500       498,434  

BlueMountain CLO 2013-2 Ltd., Series 2013-2A, Class BR, (3 mo. LIBOR US + 1.60%), 1.74%, 10/22/30

      250       250,115  

BlueMountain CLO Ltd., Series 2014-2A, Class BR2, (3 mo. LIBOR US + 1.75%), 1.88%, 10/20/30

      465       464,928  

BlueMountain CLO XXII Ltd., Series 2018-22A, Class B, (3 mo. LIBOR US + 1.50%), 1.63%, 07/15/31

      1,495       1,495,041  

BlueMountain CLO XXIII Ltd., Series 2018-23A, Class A1, (3 mo. LIBOR US + 1.15%), 1.28%, 10/20/31

      250       249,999  

BlueMountain CLO XXIX Ltd., Series 2020-29A, Class BR, (3 mo. LIBOR US + 1.75%), 1.85%, 07/25/34

      625       625,000  

BlueMountain CLO XXVI Ltd., Series 2019-26A, Class B, (3 mo. LIBOR US + 1.98%), 2.11%, 10/20/32

      250       250,655  
 

 

 

  1


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

   

Value

 
Cayman Islands (continued)                  

Canyon Capital CLO Ltd.

     

Series 2016-1A, Class CR, (3 mo. LIBOR US + 1.90%), 2.03%, 07/15/31

    USD                     250     $             248,845  

Series 2019-1A, Class A1R, (3 mo. LIBOR US + 1.10%), 1.23%, 04/15/32(d)

      250       250,000  

Series 2019-1A, Class BR, (3 mo. LIBOR US + 1.70%), 1.83%, 04/15/32(d)

      300       300,000  

Canyon CLO Ltd., Series 2020-3A, Class B, (3 mo. LIBOR US + 1.70%), 1.83%, 01/15/34

      250       249,999  

Carlyle C17 CLO Ltd., (3 mo. LIBOR US + 1.03%), 1.16%, 04/30/31

      250       249,457  

Carlyle Global Market Strategies CLO Ltd., Series 2014-1A, Class A1R2, (3 mo. LIBOR US + 0.97%), 1.10%, 04/17/31

      748       747,727  

Catskill Park CLO Ltd., Series 2017-1A, Class A1B, (3 mo. LIBOR US + 1.35%), 1.48%, 04/20/29

      892       892,214  

CBAM Ltd.

     

Series 2018-7A, Class A, (3 mo. LIBOR US + 1.10%), 1.23%, 07/20/31

      250       249,744  

Series 2019-9A, Class B2, (3 mo. LIBOR US + 1.90%), 2.03%, 02/12/30

      450       450,004  

Cedar Funding II CLO Ltd., Series 2013-1A, Class ARR, (3 mo. LIBOR US + 1.08%), 1.21%, 04/20/34

      500       497,622  

Cedar Funding IX CLO Ltd., Series 2018-9A, Class A1, (3 mo. LIBOR US + 0.98%), 1.11%, 04/20/31

      1,050       1,048,427  

Cedar Funding V CLO Ltd., Series 2016-5A, Class A1R, (3 mo. LIBOR US + 1.10%), 1.23%, 07/17/31

      250       250,237  

Cedar Funding VI CLO Ltd., Series 2016-6A, Class ARR, (3 mo. LIBOR US + 1.05%), 1.18%, 04/20/34

      1,700       1,698,025  

Cedar Funding VII Clo Ltd., Series 2018-7A, Class A1, (3 mo. LIBOR US + 1.00%), 1.13%, 01/20/31

      300       299,999  

Cedar Funding XI Clo Ltd.

     

Series 2019-11A, Class A1R, (3 mo. LIBOR US + 1.05%), 1.18%, 05/29/32

      250       249,550  

Series 2019-11A, Class A2R, (3 mo. LIBOR US + 1.35%), 1.48%, 05/29/32

      250       249,939  

CIFC Funding 2020-I Ltd., Series 2020-1A, Class BR, (3 mo. LIBOR US + 1.65%), 1.00%, 07/15/36(c)

      2,475       2,475,000  

CIFC Funding Ltd.

     

Series 2013-3RA, Class A1, (3 mo. LIBOR US + 0.98%), 1.11%, 04/24/31

      450       450,102  

Series 2013-4A, Class BRR, (3 mo. LIBOR US + 1.60%), 1.73%, 04/27/31

      450       448,893  

Series 2014-5A, Class A1R2, (3 mo. LIBOR US + 1.20%), 1.33%, 10/17/31

      250       250,028  

Series 2015-3A, Class BR, (3 mo. LIBOR US + 1.15%), 1.28%, 04/19/29.

      712       704,785  

Series 2021-4A, Class A, (3 mo. LIBOR US + 1.05%), 1.14%, 07/15/33(c)

      1,831       1,823,229  

Series 2021-4A, Class B, (3 mo. LIBOR US + 1.58%), 1.67%, 07/15/33(c)

      250       249,737  
Security         

Par

(000)

   

Value

 
Cayman Islands (continued)                  

Crown Point CLO 10 Ltd., Series 2021-10A, Class A, (3 mo. LIBOR US + 1.17%), 1.30%, 07/20/34(d)

    USD                  1,853     $          1,854,853  

Dryden 45 Senior Loan Fund, Series 2016-45A, Class BR, (3 mo. LIBOR US + 1.70%), 1.83%, 10/15/30

      250       250,039  

Dryden 65 CLO Ltd., Class B, (3 mo. LIBOR US + 1.60%), 1.73%, 07/18/30

      250       249,988  

Dryden 77 CLO Ltd.

     

Series 2020-77A, Class AR, (3 mo. LIBOR US + 1.12%), 1.25%, 05/20/34

      934       933,389  

Series 2020-77A, Class XR, (3 mo. LIBOR US + 1.00%), 1.13%, 05/20/34

      250       250,073  

Dryden Senior Loan Fund, Series 2021-87A, Class A1, (3 mo. LIBOR US + 1.10%), 1.26%, 05/20/34(c)

      485       484,686  

Elevation CLO Ltd, Series 2017-7A, Class A, (3 mo. LIBOR US + 1.22%), 1.35%, 07/15/30

      250       250,012  

Elmwood CLO II Ltd.

     

Series 2019-2A, Class AR, (3 mo. LIBOR US + 1.15%), 1.28%, 04/20/34

      650       651,248  

Series 2019-2A, Class BR, (3 mo. LIBOR US + 1.65%), 1.78%, 04/20/34

      975       975,847  

Elmwood CLO IV Ltd., Series 2020-1A, Class A, (3 mo. LIBOR US + 1.24%), 1.37%, 04/15/33

      300       301,033  

Flatiron CLO 18 Ltd., Series 2018-1A, Class A, (3 mo. LIBOR US + 0.95%), 1.08%, 04/17/31

      687       684,025  

Flatiron CLO 19 Ltd., Series 2019-1A, Class A, (3 mo. LIBOR US + 1.32%), 1.48%, 11/16/32

      500       500,488  

Flatiron CLO 21 Ltd., Series 2021-1A, Class A1, (3 mo. LIBOR US + 1.11%), 1.26%, 07/19/34(d)

      3,500       3,500,000  

Fort Washington CLO Ltd., Series 2019-1A, Class B, (3 mo. LIBOR US + 2.10%), 2.23%, 10/20/32

      250       251,437  

Galaxy XIX CLO Ltd., Series 2015-19A, Class A1RR, (3 mo. LIBOR US + 0.95%), 1.08%, 07/24/30

      335       334,827  

Galaxy XV CLO Ltd., Series 2013-15A, Class ARR, (3 mo. LIBOR US + 0.97%), 1.10%, 10/15/30

      600       599,211  

Galaxy XVIII CLO Ltd., Series 2018-28A, Class A1, (3 mo. LIBOR US + 1.10%), 1.23%, 07/15/31

      250       250,333  

Galaxy XXII CLO Ltd., Series 2016-22A, Class ARR, (3 mo. LIBOR US + 1.20%), 1.33%, 04/16/34(d)

      1,009       1,011,373  

Goldentree Loan Management US Clo 3 Ltd., Series 2018-3A, Class B1, (3 mo. LIBOR US + 1.55%), 1.68%, 04/20/30

      250       249,369  

GoldenTree Loan Opportunities IX Ltd., Series 2014-9A, Class BR2, (3 mo. LIBOR US + 1.60%), 1.73%, 10/29/29

      500       500,042  

Goldentree Loan Opportunities XI Ltd., Series 2015- 11A, Class AR2, (3 mo. LIBOR US + 1.07%), 1.20%, 01/18/31

      250       250,187  

Greywolf CLO III Ltd., Series 2020-3RA, Class A1R, (3 mo. LIBOR US + 1.29%), 1.43%, 04/15/33

      500       500,902  
 

 

 

2  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

   

Value

 
Cayman Islands (continued)                  

Gulf Stream Meridian 4 Ltd.

     

Class A1, (3 mo. LIBOR US + 1.20%), 1.31%, 07/15/34

    USD                  4,573     $          4,577,323  

Class A2, (3 mo. LIBOR US + 1.85%), 1.96%, 07/15/34

      500       497,776  

Gulf Stream Meridian 5 Ltd., Series 2021-5A, Class A2, (3 mo. LIBOR US + 1.80%), 1.90%, 07/15/34

      350       348,442  

HPS Loan Management 10-2016 Ltd., Series 10A- 16, Class A1RR, (3 mo. LIBOR US + 1.14%), 1.27%, 04/20/34(d)

      1,854       1,854,403  

HPS Loan Management 6-2015 Ltd., Series 6A- 2015, Class A1R, (3 mo. LIBOR US + 1.00%), 1.18%, 02/05/31

      497       496,877  

Jamestown CLO XII Ltd., Series 2019-1A, Class A2, (3 mo. LIBOR US + 2.15%), 2.28%, 04/20/32

      442       444,258  

Jamestown CLO XV Ltd., Series 2020-15A, Class A, (3 mo. LIBOR US + 1.34%), 1.47%, 04/15/33

      250       250,436  

Kayne CLO 7 Ltd., Series 2020-7A, Class A1, (3 mo. LIBOR US + 1.20%), 1.33%, 04/17/33

      250       250,976  

Kayne CLO 8 Ltd., Series 2020-8A, Class A1, (3 mo. LIBOR US + 1.70%), 1.83%, 07/15/31

      500       501,087  

Kayne CLO III Ltd., Series 2019-3A, Class BR, (3 mo. LIBOR US + 1.55%), 1.68%, 04/15/32(d)

      250       250,125  

KKR Clo 17 Ltd., Series 17, Class AR, (3 mo. LIBOR US + 1.08%), 1.21%, 04/15/34

      500       498,001  

KVK CLO 2018-1 Ltd., Series 2018-1A, Class A, (3 mo. LIBOR US + 0.93%), 1.09%, 05/20/29

      148       148,402  

LCM XVIII LP, Series 18A, Class A1R, (3 mo. LIBOR US + 1.02%), 1.15%, 04/20/31

      250       249,399  

LoanCore 2021-CRE5 Issuer Ltd., Series 2021- CRE5, Class A, (1 mo. LIBOR US + 1.30%), 1.39%, 07/15/36

      4,520       4,524,552  

Logan CLO I Ltd., Series 2021-1A, Class A, (3 mo. LIBOR US + 1.16%), 1.31%, 07/20/34

      1,848       1,852,844  

Longfellow Place CLO Ltd., Series 2013-1A, Class BR3, (3 mo. LIBOR US + 1.75%), 1.88%, 04/15/29

      500       500,206  

Madison Park Funding XI Ltd., Series 2013-11A, Class AR2, (3 mo. LIBOR US + 0.90%), 1.04%, 07/23/29

      2,467       2,464,032  

Madison Park Funding XLV Ltd., Series 2020-45A, Class AR, (3 mo. LIBOR US + 1.12%), 1.25%, 07/15/34(c)

      1,250       1,248,516  

Madison Park Funding XXV Ltd., Series 2017-25A, Class A2R, (3 mo. LIBOR US + 1.65%), 1.78%, 04/25/29

      712       711,998  

Madison Park Funding XXVI Ltd., Series 2007-4A, Class AR, (3 mo. LIBOR US + 1.20%), 1.33%, 07/29/30

      461       461,476  

Madison Park Funding XXVII Ltd., Series 2018- 27A, Class A1A, (3 mo. LIBOR US + 1.03%), 1.16%, 04/20/30

      250       249,932  

Madison Park Funding XXXI Ltd., Series 2018-31A, Class B, (3 mo. LIBOR US + 1.70%), 1.84%, 01/23/31

      250       250,005  
Security         

Par

(000)

   

Value

 
Cayman Islands (continued)                  

Madison Park Funding XXXVI Ltd., Series 2019- 36A, Class B1, (3 mo. LIBOR US + 1.85%), 1.98%, 01/15/33

    USD                  1,481     $          1,482,297  

Madison Park Funding XXXVIII Ltd., Series 2021- 38A, Class A, (3 mo. LIBOR US + 1.12%), 1.25%, 07/17/34

      1,302       1,300,441  

Mariner CLO 2016-3 LLC

     

Series 2016-3A, Class AR2, (3 mo. LIBOR US + 0.99%), 1.13%, 07/23/29.

      250       249,202  

Series 2016-3A, Class BR2, (3 mo. LIBOR US + 1.50%), 1.64%, 07/23/29(d)

      500       500,000  

MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL6, Class A, (1 mo. LIBOR US + 1.10%), 1.19%, 07/16/36

      2,970       2,974,048  

Myers Park CLO Ltd., Series 2018-1A, Class B1, (3 mo. LIBOR US + 1.60%), 1.73%, 10/20/30

      250       249,577  

Neuberger Berman CLO Ltd.

     

(3 mo. LIBOR US + 1.03%), 1.16%, 01/28/30

      250       249,787  

(3 mo. LIBOR US + 1.65%), 1.79%, 07/15/34

      250       250,244  

Neuberger Berman CLO XVI-S Ltd., Series 2017- 16SA, Class AR, (3 mo. LIBOR US + 1.04%), 1.17%, 04/15/34(d)

      2,990       2,992,691  

Neuberger Berman CLO XXII Ltd., Series 2016- 22A, Class BR, (3 mo. LIBOR US + 1.65%), 1.78%, 10/17/30

      250       250,007  

Neuberger Berman Loan Advisers CLO 37 Ltd., Series 2020-37A, Class BR, (3 mo. LIBOR US + 1.45%), 1.58%, 07/20/31

      333       331,936  

Neuberger Berman Loan Advisers Clo 42 Ltd., Series 2021-42A, Class A, (3 mo. LIBOR US + 1.10%), 1.24%, 07/16/35

      1,260       1,254,935  

Ocean Trails CLO VI

     

Series 2016-6A, Class BRR, (3 mo. LIBOR US + 1.45%), 1.58%, 07/15/28.

      800       798,517  

Series 2016-6A, Class CRR, (3 mo. LIBOR US + 2.25%), 2.38%, 07/15/28.

      700       700,252  

OCP CLO 2014-5 Ltd., Series 2014-5A, Class A2R, (3 mo. LIBOR US + 1.40%), 1.53%, 04/26/31

      450       445,605  

OCP CLO 2014-7 Ltd., Series 2014-7A, Class A2RR, (3 mo. LIBOR US + 1.65%), 1.78%, 07/20/29

      250       250,008  

OCP CLO 2020-18 Ltd., Series 2020-18A, Class AR, (3 mo. LIBOR US + 1.09%), 1.22%, 07/20/32

      250       250,102  

OCP CLO Ltd.

     

Series 2016-11A, Class A2R, (3 mo. LIBOR US + 1.75%), 1.88%, 10/26/30

      500       500,069  

Series 2017-13A, Class A2A, (3 mo. LIBOR US + 1.80%), 1.93%, 07/15/30

      1,146       1,146,280  

Octagon Investment Partners 18-R Ltd., Series 2018-18A, Class A1A, (3 mo. LIBOR US + 0.96%), 1.09%, 04/16/31

      711       710,412  

Octagon Investment Partners 29 Ltd., Series 2016-1A, Class AR, (3 mo. LIBOR US + 1.18%), 1.31%, 01/24/33

      250       250,267  

Octagon Investment Partners 37 Ltd., Series 2018-2A, Class A2, (3 mo. LIBOR US + 1.58%), 1.71%, 07/25/30

      250       250,000  
 

 

 

  3


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

   

Value

 
Cayman Islands (continued)                  

Octagon Investment Partners 46 Ltd.

     

Series 2020-2A, Class A, (3 mo. LIBOR US + 1.65%), 1.78%, 07/15/33

    USD                  2,750     $          2,750,228  

Series 2020-2A, Class B, (3 mo. LIBOR US + 2.20%), 2.33%, 07/15/33

      800       800,071  

Octagon Investment Partners 48 Ltd., Series 2020- 3A, Class C, (3 mo. LIBOR US + 2.55%), 2.68%, 10/20/31

      850       851,150  

Octagon Investment Partners XV Ltd., Series 2013-1A, Class A2R, (3 mo. LIBOR US + 1.35%), 1.48%, 07/19/30

      487       487,156  

Octagon Investment Partners XVII Ltd.

     

Series 2013-1A, Class A1R2, (3 mo. LIBOR US + 1.00%), 1.13%, 01/25/31

      500       500,001  

Series 2013-1A, Class A2R2, (3 mo. LIBOR US + 1.10%), 1.23%, 01/25/31

      300       300,003  

OHA Credit Funding 3 Ltd.(c)

     

Series 2019-3A, Class AR, (3 mo. LIBOR US + 1.14%), 1.22%, 07/02/35.

      713       710,153  

Series 2019-3A, Class BR, (3 mo. LIBOR US + 1.65%), 1.79%, 07/02/35

      937       932,221  

OHA Credit Funding 7 Ltd., Series 2020-7A, Class A, (3 mo. LIBOR US + 1.25%), 1.38%, 10/19/32

      350       350,122  

OHA Loan Funding 2016-1 Ltd., Series 2016-1A, Class B1R, (3 mo. LIBOR US + 1.60%), 1.73%, 01/20/33

      250       249,999  

Palmer Square CLO 2015-1 Ltd., Series 2015-1A, Class A2R4, (3 mo. LIBOR US + 1.70%), 1.82%, 05/21/34(d)

      500       500,450  

Palmer Square CLO Ltd.

     

Series 2015-1A, Class A1A4, (3 mo. LIBOR US + 1.13%), 1.25%, 05/21/34

      6,003       5,981,351  

Series 2018-1A, Class A1, (3 mo. LIBOR US + 1.03%), 1.16%, 04/18/31

      250       250,125  

Series 2018-3A, Class B, (3 mo. LIBOR US + 1.90%), 2.06%, 08/15/26

      930       929,857  

Palmer Square Loan Funding Ltd.

     

Series 2018-4A, Class A2, (3 mo. LIBOR US + 1.45%), 1.61%, 11/15/26

      625       625,039  

Series 2018-5A, Class A2, (3 mo. LIBOR US + 1.40%), 1.53%, 01/20/27

      1,296       1,296,518  

Park Avenue Institutional Advisers CLO Ltd.

     

Class A1R, (3 mo. LIBOR US + 1.20%), 1.35%, 08/23/31

      500       499,999  

Class A2R, (3 mo. LIBOR US + 1.55%), 1.70%, 02/14/34

      500       496,542  

Series 2019-1A, Class A2A, (3 mo. LIBOR US + 2.00%), 2.16%, 05/15/32

      250       250,034  

Pikes Peak CLO 1, Class A, (3 mo. LIBOR US + 1.18%), 1.31%, 07/24/31

      555       555,377  

Pikes Peak CLO 8, Series 2021-8A, Class A, (3 mo. LIBOR US + 1.17%), 1.32%, 07/20/34(d)

      600       600,000  

Race Point VIII CLO Ltd., Series 2013-8A, Class AR2, (3 mo. LIBOR US + 1.04%), 1.20%, 02/20/30

      346       345,664  

Recette Clo Ltd., Series 2015-1A, Class BRR, (3 mo. LIBOR US + 1.40%), 1.59%, 04/20/34

      250       246,541  

Regatta VII Funding Ltd., Series 2016-1A, Class A1R2, (3 mo. LIBOR US + 1.15%), 1.28%, 06/20/34

      450       448,353  
Security         

Par

(000)

   

Value

 
Cayman Islands (continued)                  

Regatta XVIII Funding Ltd., Series 2021-1A, Class B, (3 mo. LIBOR US + 1.45%), 1.58%, 01/15/34

    USD                     350     $             349,379  

Rockford Tower CLO 2017-1 Ltd., Series 2017-1A, Class BR2A, (3 mo. LIBOR US + 1.65%), 1.78%, 04/20/34

      500       499,989  

Rockford Tower CLO Ltd.

     

Series 2017-2A, Class BR, (3 mo. LIBOR US + 1.50%), 1.63%, 10/15/29

      500       500,123  

Series 2018-1A, Class A, (3 mo. LIBOR US + 1.10%), 1.26%, 05/20/31

      250       250,000  

Series 2021-1A, Class A1, (3 mo. LIBOR US + 1.17%), 1.25%, 07/20/34(d)

      2,519       2,526,373  

Romark CLO II Ltd., Series 2018-2A, Class A1, (3 mo. LIBOR US + 1.18%), 1.30%, 07/25/31

      250       250,001  

Romark WM-R Ltd., Series 2018-1A, Class A1, (3 mo. LIBOR US + 1.03%), 1.16%, 04/20/31

      247       247,359  

RR 1 LLC, Series 2017-1A, Class A1AB, (3 mo. LIBOR US + 1.15%), 1.23%, 07/15/35(d)

      1,261       1,261,000  

RR 11 Ltd., Series 2020-11A, Class A2, (3 mo. LIBOR US + 2.10%), 2.23%, 10/15/31

      875       876,287  

Signal Peak CLO 5 Ltd., Series 2018-5A, Class A, (3 mo. LIBOR US + 1.11%), 1.24%, 04/25/31

      300       299,364  

Signal Peak CLO 8 Ltd.

     

Series 2020-8A, Class A, (3 mo. LIBOR US + 1.27%), 1.40%, 04/20/33

      250       250,810  

Series 2020-8A, Class B, (3 mo. LIBOR US + 1.65%), 1.78%, 04/20/33

      300       299,005  

Sixth Street CLO XIX Ltd., Series 2021-19A, Class A, (3 mo. LIBOR US + 1.10%), 1.22%, 07/20/34(c)

      1,854       1,846,774  

Sixth Street CLO XVI Ltd., Series 2020-16A, Class B, (3 mo. LIBOR US + 1.85%), 1.98%, 10/20/32

      710       710,599  

Sound Point Clo XV Ltd., Series 2017-1A, Class BR, (3 mo. LIBOR US + 1.50%), 1.64%, 01/23/29

      250       249,564  

Sound Point CLO XXVIII Ltd., Series 2020-3A, Class A1, (3 mo. LIBOR US + 1.28%), 1.41%, 01/25/32

      1,686       1,687,717  

Symphony CLO XVI Ltd., Series 2015-16A, Class AR, (3 mo. LIBOR US + 1.15%), 1.28%, 10/15/31

      250       250,061  

TCI-Symphony CLO Ltd., Series 2017-1A, Class B, (3 mo. LIBOR US + 1.70%), 1.83%, 07/15/30

      250       249,694  

TCW CLO AMR Ltd., Series 2019-1A, Class B, (3 mo. LIBOR US + 1.68%), 1.83%, 02/15/29

      711       709,289  

TICP CLO VI Ltd.

     

Series 2016-6A, Class AR2, (3 mo. LIBOR US + 1.12%), 1.25%, 01/15/34

      500       499,164  

Series 2016-6A, Class BR2, (3 mo. LIBOR US + 1.50%), 1.63%, 01/15/34

      500       492,881  

TICP CLO VIII Ltd., Class B, (3 mo. LIBOR US + 2.15%), 2.28%, 10/20/30

      250       250,026  

TICP CLO XII Ltd., Class 12A, (3 mo. LIBOR US + 1.65%), 1.78%, 01/15/31

      1,120       1,117,882  

TICP CLO XIV Ltd.

     

Series 2019-14A, Class A1A, (3 mo. LIBOR US + 1.34%), 1.47%, 10/20/32

      500       500,445  

Series 2019-14A, Class A1B, (3 mo. LIBOR US + 1.70%), 1.83%, 10/20/32

      500       501,748  
 

 

 

4  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

   

Value

 
Cayman Islands (continued)                  

TRESTLES CLO III Ltd., Series 2020-3A, Class A1, (3 mo. LIBOR US + 1.33%), 1.46%, 01/20/33

    USD                  2,489     $ 2,491,553  

TRESTLES CLO Ltd., Class A1R, (3 mo. LIBOR US + 0.99%), 1.12%, 04/25/32

      600       599,982  

Trimaran Cavu Ltd., Class B, (3 mo. LIBOR US + 2.20%), 2.33%, 07/20/32

      500       502,263  

Trinitas CLO XI Ltd., Series 2019-11A, Class C, (3 mo. LIBOR US + 3.15%), 3.28%, 07/15/32

      1,116       1,118,321  

Trinitas CLO XIV Ltd.

     

Series 2020-14A, Class B, (3 mo. LIBOR US + 2.00%), 2.13%, 01/25/34

      473       473,980  

Series 2020-14A, Class C, (3 mo. LIBOR US + 3.00%), 3.13%, 01/25/34

      1,023       1,027,710  

Tryon Park CLO Ltd., Series 2013-1A, Class A2R, (3 mo. LIBOR US + 1.50%), 1.63%, 04/15/29

      431       430,647  

Voya CLO Ltd.

     

Series 2013-3A, Class A1RR, (3 mo. LIBOR US + 1.15%), 1.28%, 10/18/31

      249       249,139  

Series 2017-3A, Class A1R, (3 mo. LIBOR US + 1.04%), 1.17%, 04/20/34(d)

      250       250,000  

Series 2017-4A, Class B, (3 mo. LIBOR US + 1.45%), 1.58%, 10/15/30

      250       249,673  

Whitebox Clo II Ltd., Series 2020-2A, Class A1, (3 mo. LIBOR US + 1.75%), 1.88%, 10/24/31

      1,285       1,288,393  

York CLO 3 Ltd., Series 2016-1A, Class BR, (3 mo. LIBOR US + 1.75%), 1.88%, 10/20/29

      2,025       2,027,385  

York CLO 6 Ltd., Series 2019-1A, Class A1, (3 mo. LIBOR US + 1.35%), 1.49%, 07/22/32

      3,122       3,123,880  
     

 

 

 
             171,039,783  
Ireland — 0.0%                  

Aqueduct European CLO DAC(a)

     

Series 2019-4A, Class B1, (3 mo. EURIBOR + 1.80%), 1.80%, 07/15/32(b)

    EUR       475       564,125  

Series 2019-4X, Class B1, (3 mo. EURIBOR + 1.80%), 1.80%, 07/15/32

      593       704,265  

Avoca CLO XV DAC, Series 15X, Class B2R, (3 mo. EURIBOR + 1.05%), 1.05%, 04/15/31(a)

      134       158,047  

Avoca CLO XVII Designated Activity Co.(a)

     

Series 17A, Class B1R, (3 mo. EURIBOR + 1.70%), 1.70%, 10/15/32(b)

      500       595,020  

Series 17X, Class AR, (3 mo. EURIBOR + 0.96%), 0.96%, 10/15/32

      406       482,385  

Cairn CLO XII DAC, Series 2020-12A, Class B, (3 mo. EURIBOR + 2.30%), 2.30%,
04/15/33(a)(b)(d)

      460       548,005  

CIFC European Funding CLO II DAC, Series 2X, Class B1, (3 mo. EURIBOR + 1.60%), 1.60%, 04/15/33(a)

      593       705,177  

Harvest CLO XVIII DAC, Series 18X, Class B, 1.20%, 10/15/30

      662       781,352  

Holland Park CLO DAC, Series 1X, Class A1RR, (3 mo. EURIBOR + 0.92%), 0.92%, 11/14/32(a)

      390       463,285  

Invesco Euro CLO II DAC, Series 2X, Class B1, (3 mo. EURIBOR + 1.80%), 1.80%, 08/15/32(a)

      593       704,058  

OAK Hill European Credit Partners V Designated Activity Co., Series 2016-5X, Class B1, (3 mo. EURIBOR + 1.55%), 1.55%, 02/21/30(a)

      460       544,704  

OAK Hill European Credit Partners VI DAC, Series 2017-6X, Class B1, 1.20%, 01/20/32

      456       538,238  

OCP Euro CLO DAC, Series 2017-2X, Class B, 1.35%, 01/15/32

      456       540,909  
Security         

Par

(000)

   

Value

 
Ireland (continued)                  

Prodigy Finance CM2021-1
DAC(a)(b)

     

Series 2021-1A, Class B, (1 mo. LIBOR US + 2.50%), 2.66%, 07/25/51

    USD                  1,900     $          1,907,107  

Series 2021-1A, Class C, (1 mo. LIBOR US + 3.75%), 3.75%, 07/25/51

      1,100       1,107,038  

Series 2021-1A, Class D, (1 mo. LIBOR US + 5.90%), 5.90%, 07/25/51

      720       721,878  

Rockford Tower Europe CLO DAC, Series 2018-1X, Class B, (3 mo. EURIBOR + 1.85%), 1.85%, 12/20/31(a)

    EUR       593       704,769  

Sound Point Euro CLO II Funding DAC, Series 2X, Class A, (3 mo. EURIBOR + 1.11%), 1.11%, 10/26/32(a)

      460       546,524  
     

 

 

 
        12,316,886  
United States — 1.8%                  

AccessLex Institute, Series 2007-A, Class A3, (3 mo. LIBOR US + 0.30%), 0.45%, 05/25/36(a)

    USD       2,916       2,864,826  

AIMCO CLO, Series 2018-AA, Class B, (3 mo. LIBOR US + 1.40%), 1.53%, 04/17/31(a)(b)

      466       463,555  

Ajax Mortgage Loan Trust 2021-E(b)

     

Series 2021-E, Class A1, 1.74%, 12/25/60

      30,013       30,010,142  

Series 2021-E, Class A2, 2.69%, 12/25/60

      3,304       3,303,896  

Series 2021-E, Class B1, 3.73%, 12/25/60

      2,184       2,183,421  

Series 2021-E, Class M1, 2.94%, 12/25/60

      1,332       1,331,839  

ALM XVIII Ltd., Series 2016-18A, Class A2R, (3 mo. LIBOR US + 1.65%), 1.78%, 01/15/28(a)(b)

      459       459,326  

Anchorage Capital CLO Ltd.(a)(b)

     

Series 2014-3RA, Class A, (3 mo. LIBOR US + 1.05%), 1.18%, 01/28/31

      250       249,734  

Series 2014-4RA, Class A, (3 mo. LIBOR US + 1.05%), 1.18%, 01/28/31

      250       250,122  

Apidos CLO XII, Series 2013-12A, Class AR, (3 mo. LIBOR US + 1.08%), 1.21%, 04/15/31(a)(b)

      550       549,987  

Apidos CLO XV, Series 2013-15A, Class A1RR, (3 mo. LIBOR US + 1.01%), 1.14%, 04/20/31(a)(b)

      1,770       1,769,712  

Bankers Healthcare Group Securitization Trust 2020-A, Series 2020-A, Class C, 5.17%, 09/17/31(b)

      730       773,152  

Battalion CLO 18 Ltd.(a)(b)

     

Series 2020-18A, Class A1, (3 mo. LIBOR US + 1.80%), 1.93%, 10/15/32

      787       789,140  

Series 2020-18A, Class B, (3 mo. LIBOR US + 2.30%), 2.43%, 10/15/32

      787       788,816  

BHG Securitization Trust, Series 2021-A, Class A, 1.42%, 11/17/33(b)

      4,514       4,622,306  

BHG Securitization Trust 2021-A(b)

     

Series 2021-A, Class B, 2.79%, 11/17/33

      510       517,354  

Series 2021-A, Class C, 3.69%, 11/17/33

      230       234,411  

Brex Commercial Charge Card Master Trust, Series 2021-1, Class A, 2.09%, 07/15/24(b)

      5,560       5,601,554  

Chenango Park CLO Ltd., Series 2018-1A, Class A2, (3 mo. LIBOR US + 1.55%), 1.68%,
04/15/30(a)(b)

      1,143       1,137,356  

CIFC Funding Ltd.(a)(b)

     

Series 2017-3A, Class A2, (3 mo. LIBOR US + 1.80%), 1.93%, 07/20/30

      637       637,047  

Series 2018-1A, Class A, (3 mo. LIBOR US + 1.00%), 1.13%, 04/18/31

      1,568       1,568,426  
 

 

 

  5


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

   

Value

 
United States (continued)                  

CIFC Funding Ltd.(a)(b) (continued)

     

Series 2020-1A, Class B, (3 mo. LIBOR US + 2.30%), 2.43%, 07/15/32

    USD                2,475     $          2,478,530  

Clear Creek CLO, Series 2015-1A, Class AR, (3 mo. LIBOR US + 1.20%), 1.33%, 10/20/30(a)(b)

      313       313,336  

College Avenue Student Loans LLC, Series 2021-B, Class D, 3.78%, 06/25/52(b)

      230       233,127  

Cook Park CLO Ltd., Series 2018-1A, Class B, (3 mo. LIBOR US + 1.40%), 1.53%, 04/17/30(a)(b)

      1,148       1,143,255  

Elmwood CLO V Ltd.(a)(b)

     

Series 2020-2A, Class A1, (3 mo. LIBOR US + 1.75%), 1.88%, 07/24/31

      2,750       2,750,378  

Series 2020-2A, Class B, (3 mo. LIBOR US + 2.20%), 2.33%, 07/24/31

      375       375,044  

FS RIALTO, Series 2021-FL2, Class A, (1 mo. LIBOR US + 1.22%), 1.31%, 04/16/28(a)(b)

      1,160       1,161,740  

Goldentree Loan Management US Clo 6 Ltd., Series 2019-6A, Class B1, (3 mo. LIBOR US + 1.90%), 2.03%, 01/20/33(a)(b)

      924       924,504  

GoodLeap Sustainable Home Solutions Trust, Series 2021-3CS, Class A, 2.10%, 05/20/48(b)

      15,560       15,655,105  

Gracie Point International
Funding(a)(b)(d)

     

Class B, (1 mo. LIBOR US + 1.40%), 1.50%, 11/01/23

      1,240       1,240,000  

Class C, (1 mo. LIBOR US + 2.40%), 2.50%, 11/01/23

      1,640       1,640,000  

Gulf Stream Meridian 1 Ltd., Series 2020-IA, Class A1, (3 mo. LIBOR US + 1.37%), 1.50%,
04/15/33(a)(b)

      4,718       4,727,048  

Lendmark Funding Trust(b)

     

Series 2021-1A, Class A, 1.90%, 11/20/31

      11,350       11,559,221  

Series 2021-1A, Class B, 2.47%, 11/20/31

      2,920       2,982,004  

Series 2021-1A, Class C, 3.41%, 11/20/31

      2,220       2,272,632  

Series 2021-1A, Class D, 5.05%, 11/20/31

      1,900       1,957,755  

Loanpal Solar Loan Ltd., Series 2020-2GF, Class A, 2.75%, 07/20/47(b)

      4,591       4,821,095  

Madison Park Funding XIII Ltd., Series 2014-13A, Class BR2, (3 mo. LIBOR US + 1.50%), 1.63%, 04/19/30(a)(b)

      900       895,356  

Mariner Finance Issuance Trust, Series 2020-AA, Class A, 2.19%, 08/21/34(b)

      5,860       6,006,552  

Mercury Financial Credit Card Master Trust, Series 2021-1A, Class A, 1.54%, 03/20/26(b)

      20,710       20,794,304  

Mosaic Solar Loans LLC(b)

     

Series 2017-2A, Class A, 3.82%, 06/22/43

      1,390       1,483,675  

Series 2021-2A, Class A, 1.64%, 04/22/47

      9,665       9,704,250  

Series 2021-2A, Class B, 2.09%, 04/22/47

      3,862       3,864,705  

Navient Private Education Refi Loan Trust(b)

     

Series 2019-A, Class A2A, 3.42%, 01/15/43

      1,347       1,381,297  

Series 2021-DA, Class A, (Prime - 1.99%), 1.26%, 04/15/60(a)

      18,203       17,862,898  

Series 2021-DA, Class C, 3.48%, 04/15/60(d)

      7,450       7,450,000  

Series 2021-DA, Class D, 4.00%, 04/15/60(d)

      2,370       2,303,640  

Navient Private Education Refi Loan Trust 2021-D, Series 2021-DA, Class B, 2.61%, 04/15/60(b)(d)

      2,900       2,900,000  

Nelnet Student Loan Trust(b)

     

Series 2021-A, Class A1, (1 mo. LIBOR US + 0.80%), 0.88%, 04/20/62(a)

      29,358       29,445,072  
Security         

Par

(000)

   

Value

 
United States (continued)                  

Nelnet Student Loan Trust(b) (continued)

     

Series 2021-A, Class A2, (1 mo. LIBOR US + 1.03%), 1.11%, 04/20/62(a)

    USD              12,750     $        12,787,510  

Series 2021-A, Class D, 4.93%, 04/20/62

      6,030       6,126,896  

Series 2021-BA, Class AFX, 1.42%, 04/20/62

      22,810       22,952,184  

Series 2021-BA, Class B, 2.68%, 04/20/62

      23,030       23,516,801  

Series 2021-BA, Class C, 3.57%, 04/20/62

      6,450       6,558,343  

Series 2021-BA, Class D, 4.75%, 04/20/62

      1,880       1,909,839  

Nelnet Student Loan Trust 2021-A(b)

     

Series 2021-A, Class B2, 2.85%, 04/20/62

      24,290       25,127,412  

Series 2021-A, Class C, 3.75%, 04/20/62

      14,080       14,390,622  

OCP CLO Ltd., Series 2020-19A, Class B, (3 mo. LIBOR US + 2.50%), 2.63%, 07/20/31(a)(b)

      450       450,309  

OneMain Financial Issuance Trust 2021-1(b)

     

Series 2021-1A, Class C, 2.22%, 06/16/36

      550       557,367  

Series 2021-1A, Class D, 2.47%, 06/16/36

      1,160       1,181,076  

Oportun Issuance Trust, Series 2021-B, Class A, 1.47%, 05/08/31(b)

      7,060       7,065,030  

Oportun Issuance Trust 2021-B(b)

     

Series 2021-B, Class B, 1.96%, 05/08/31

      1,340       1,348,530  

Series 2021-B, Class C, 3.65%, 05/08/31

      630       634,295  

Pagaya AI Debt Selection Trust 2021-2, Series 2021-2, Class NOTE, 3.00%, 01/25/29(b)(d)

      15,958       16,197,613  

Palmer Square Loan Funding Ltd.(a)(b)

 

   

Series 2019-2A, Class A2, (3 mo. LIBOR US + 1.60%), 1.73%, 04/20/27

      1,663       1,662,939  

Series 2019-3A, Class A2, (3 mo. LIBOR US + 1.60%), 1.76%, 08/20/27

      500       500,138  

Park Avenue Institutional Advisers CLO Ltd., Series 2016-1A, Class A2R, (3 mo. LIBOR US + 1.80%), 1.95%, 08/23/31(a)(b)

      610       610,552  

Progress Residential 2021-SFR3, Series 2021- SFR3, Class F, 3.44%, 05/17/26(b)

      2,736       2,785,866  

RR 3 Ltd., Series 2018-3A, Class A1R2, (3 mo. LIBOR US + 1.09%), 1.22%, 01/15/30(a)(b)

      890       889,046  

Signal Peak CLO 2 LLC, Series 2015-1A, Class AR2, (3 mo. LIBOR US + 0.98%), 1.11%, 04/20/29(a)(b)

      498       496,511  

SLM Private Credit Student Loan Trust(a)

     

Series 2005-B, Class A4, (3 mo. LIBOR US + 0.33%), 0.45%, 06/15/39.

      15,635       15,331,315  

Series 2006-A, Class A5, (3 mo. LIBOR US + 0.29%), 0.41%, 06/15/39.

      6,673       6,490,005  

Series 2007-A, Class A4A, (3 mo. LIBOR US + 0.24%), 0.36%, 12/16/41.

      5,942       5,800,365  

SLM Private Education Loan Trust, Series 2010-C, Class A5, (1 mo. LIBOR US + 4.75%), 4.84%, 10/15/41(a)(b)

      16,108       18,022,655  

SMB Private Education Loan Trust(b)

     

Series 2019-A, Class A2A, 3.44%, 07/15/36

      4,911       5,154,150  

Series 2020-B, Class B, 2.76%, 07/15/53

      3,800       3,880,831  

Series 2021-A, Class B, 2.31%, 01/15/53

      5,870       6,008,912  

Series 2021-A, Class C, 2.99%, 01/15/53

      14,420       14,606,422  

Series 2021-A, Class D1, 3.86%, 01/15/53

      7,740       7,764,326  

Series 2021-A, Class D2, 3.86%, 01/15/53

      4,220       4,264,219  

Series 2021-C, Class A2, (1 mo. LIBOR US + 0.80%), 0.89%, 01/15/53(a)

      14,350       14,349,999  

Series 2021-C, Class C, 3.00%, 01/15/53(d)

      1,240       1,240,000  

Series 2021-C, Class D, 3.93%, 01/15/53(d)

      590       590,000  
 

 

 

6  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

   

Value

 
United States (continued)                  

SMB Private Education Loan Trust 2021-C, Series 2021-C, Class B, 2.30%, 01/15/53(b)

    USD       1,490     $ 1,499,442  

Sofi Professional Loan Program LLC, Series 2019-A, Class A2FX, 3.69%, 06/15/48(b)

      2,789       2,894,791  

Sofi Professional Loan Program Trust, Series 2018-B, Class A2FX, 3.34%, 08/25/47(b)

      1,051       1,079,699  

Upstart Pass-Through Trust Series(b)

     

Series 2021-ST4, Class A, 2.00%, 07/20/27(d)

      1,772       1,772,784  

Series 2021-ST5, Class A, 2.00%, 07/20/27

      898       898,228  

Whitebox Clo II Ltd., Series 2020-2A, Class B, (3 mo. LIBOR US + 2.25%), 2.38%, 10/24/31(a)(b)

      700       702,643  

York CLO 1 Ltd., Series 2014-1A, Class BRR, (3 mo. LIBOR US + 1.65%), 1.83%, 10/22/29(a)(b)

      466       466,205  
     

 

 

 
        480,998,515  
     

 

 

 

Total Asset-Backed Securities — 2.4%
(Cost: $656,425,199)

 

         664,355,184  
     

 

 

 
            Shares         

Common Stocks

     
Argentina — 0.4%                  

MercadoLibre, Inc.(e)

      72,781       114,171,555  
     

 

 

 
Australia — 0.3%                  

Australia & New Zealand Banking Group Ltd.

      30,573       622,423  

BHP Group Ltd.

      15,353       603,048  

BHP Group PLC

      791,993       25,641,831  

Commonwealth Bank of Australia

      10,336       757,712  

CSL Ltd.

      8,102       1,724,839  

Fortescue Metals Group Ltd.

      16,568       302,740  

Goodman Group

      30,240       502,957  

Quintis HoldCo. Pty. Ltd., 10/01/20(d)(f)(g)

        43,735,802       44,933,735  

Rio Tinto Ltd.

      16,261       1,593,740  

Telstra Corp. Ltd.

      269,992       752,042  

Woodside Petroleum Ltd.

      27,259       437,888  
     

 

 

 
        77,872,955  
Belgium — 0.0%                  

Anheuser-Busch InBev SA/NV

      11,551       729,008  

KBC Group NV

      4,547       366,136  
     

 

 

 
        1,095,144  
Brazil — 0.1%                  

Ambev SA

      155,223       495,927  

B3 SA - Brasil Bolsa Balcao

      1,018,948       2,983,527  

Banco do Brasil SA

      226,468       1,375,353  

BB Seguridade Participacoes SA

      166,129       681,645  

Cia Siderurgica Nacional SA

      51,787       464,848  

Engie Brasil Energia SA

      153,776       1,119,901  

Magazine Luiza SA

      1,251,396       4,949,601  

Petroleo Brasileiro SA, ADR

      117,221       1,250,748  

Vale SA

      31,291       653,427  

Vale SA, ADR

      1,058,373       22,247,000  

WEG SA

      58,400       400,415  
     

 

 

 
        36,622,392  
Canada — 1.0%                  

Alimentation Couche-Tard, Inc., Class B

      10,412       419,701  
Security          Shares     Value  
Canada (continued)                  

Bank of Montreal

                 4,893     $ 484,476  

Bank of Nova Scotia

      13,142       820,269  

Canadian National Railway Co.

      9,657       1,049,297  

Canadian Natural Resources Ltd.

      30,729       1,014,037  

CGI, Inc.(e)

      5,885       535,339  

Enbridge, Inc.

          5,622,242            221,627,013  

George Weston Ltd.

      5,374       557,301  

Imperial Oil Ltd.

      11,005       301,500  

Loblaw Cos. Ltd.

      12,087       817,684  

Lululemon Athletica, Inc.(e)

      6,095       2,439,036  

Manulife Financial Corp.

      33,327       644,315  

Nutrien Ltd.

      28,007       1,665,245  

Restaurant Brands International, Inc.

      8,478       578,428  

Shopify, Inc., Class A(e)

      12,896       19,344,347  

Sun Life Financial, Inc.

      12,410       646,362  

TC Energy Corp.

      60,373       2,943,160  

Thomson Reuters Corp.

      9,467       1,003,156  

Toronto-Dominion Bank

      20,942       1,392,385  
     

 

 

 
        258,283,051  
Cayman Islands(e) — 0.3%                  

Diversey Holdings Ltd.

      3,411,013       56,895,697  

Hedosophia European Growth

      1,041,660       9,131,591  

Highland Transcend Partners I Corp.

      803,176       8,071,919  
     

 

 

 
        74,099,207  
Chile — 0.0%                  

Sociedad Quimica y Minera de Chile SA, ADR

      14,802       703,095  
     

 

 

 
China — 2.4%                  

AAC Technologies Holdings, Inc.

      709,500       4,258,496  

Agricultural Bank of China Ltd., Class H

      5,349,000       1,783,749  

Aier Eye Hospital Group Co. Ltd., Class A

      931,793       8,497,050  

Alibaba Group Holding Ltd.(e)

      1,397,400       34,128,351  

Alibaba Group Holding Ltd., ADR(e)

      339,679       66,301,944  

Amoy Diagnostics Co. Ltd., Class A

      320,150       4,080,265  

Anhui Conch Cement Co. Ltd., Class H

      58,000       277,408  

Anhui Gujing Distillery Co. Ltd., Class B

      17,800       241,004  

Anta Sports Products Ltd.

      828,000       18,026,678  

Asymchem Laboratories Tianjin Co. Ltd., Class A

      143,503       8,841,534  

Autobio Diagnostics Co. Ltd., Class A

      290,391       2,776,638  

Autohome, Inc., ADR

      40,864       1,851,139  

Baidu, Inc., ADR(e)

      5,654       927,313  

Bank of China Ltd., Class H

      2,394,000       831,892  

Brilliance China Automotive Holdings Ltd.

      252,000       175,645  

BYD Co. Ltd., Class A

      774,300       31,965,573  

China CITIC Bank Corp. Ltd., Class H

      543,000       243,006  

China Construction Bank Corp., Class H

      3,493,000       2,433,026  

China Evergrande Group

      193,000       130,580  

China Feihe Ltd.(b)

      353,000       678,646  

China Galaxy Securities Co. Ltd., Class H

      499,000       260,724  

China Hongqiao Group Ltd.

      890,500       1,180,662  

China Life Insurance Co. Ltd., Class H

      293,000       488,356  

China Merchants Bank Co. Ltd., Class H

      641,500       4,880,245  

China National Building Material Co. Ltd., Class H

      2,876,000       3,114,999  

China Pacific Insurance Group Co. Ltd., Class H

      71,600       201,627  

China Petroleum & Chemical Corp., Class H

      5,554,000       2,539,680  

China Resources Cement Holdings Ltd.

      904,000       746,830  

China Tower Corp. Ltd., Class H(b)

      3,620,000       480,224  

Contemporary Amperex Technology Co. Ltd., Class A

      729,000       62,480,011  

COSCO SHIPPING Holdings Co. Ltd., Class A(e)

      62,500       171,681  
 

 

 

  7


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  
China (continued)                  

COSCO SHIPPING Holdings Co. Ltd., Class H(e)

                 334,400     $ 504,446  

Dali Foods Group Co. Ltd.(b)

      606,500       328,570  

Dongfeng Motor Group Co. Ltd., Class H

          1,236,000       1,096,443  

Enn Energy Holdings Ltd.

      266,500       5,561,399  

Foshan Haitian Flavouring & Food Co. Ltd., Class A

      270,100       4,796,948  

Ganfeng Lithium Co. Ltd., Class H(b)

      518,200              11,153,484  

Glodon Co. Ltd., Class A

      521,830       5,101,340  

GoerTek, Inc., Class A

      99,400       588,028  

Guangdong Marubi Biotechnology Co. Ltd., Class A

      305,800       1,820,517  

Guangzhou Automobile Group Co. Ltd., Class H

      520,000       450,724  

Guangzhou Baiyun International Airport Co. Ltd., Class A

      5,069,571       6,877,549  

Haidilao International Holding Ltd.(b)

      704,000       2,640,676  

Haitong Securities Co. Ltd., Class H

      349,600       288,120  

Hangzhou Robam Appliances Co. Ltd., Class A

      618,133       3,722,763  

Hangzhou Tigermed Consulting Co. Ltd., Class H(b)

      168,900       3,280,115  

Hansoh Pharmaceutical Group Co. Ltd.(b)

      4,582,000       16,420,513  

Hengan International Group Co. Ltd.

      103,000       610,961  

HengTen Networks Group Ltd.(e)

      620,000       278,093  

Hithink RoyalFlush Information Network Co. Ltd., Class A

      36,200       520,291  

Huaneng Power International, Inc., Class H

      1,028,000       349,213  

Huazhu Group Ltd., ADR(e)

      67,583       3,039,883  

Hundsun Technologies, Inc., Class A

      796,299       6,877,353  

Hygeia Healthcare Holdings Co.
Ltd.(b)

      392,800       3,919,837  

Industrial & Commercial Bank of China Ltd., Class H

      7,447,000       4,135,267  

Intco Medical Technology Co. Ltd., Class A

      31,200       564,517  

Jafron Biomedical Co. Ltd., Class A

      30,700       319,210  

JD Health International, Inc.(b)(e)

      2,374,900       25,548,643  

JD.com, Inc., ADR(e)

      19,538       1,384,853  

Jiangsu Hengrui Medicine Co. Ltd., Class A

      286,700       2,419,335  

Jinxin Fertility Group Ltd.(b)

      2,092,000       3,924,948  

KINDSTAR GLBGENE CORNERSTONE, (Acquired 07/08/21, Cost: $9,526,086)(h)

      7,490,500       7,356,134  

Kingdee International Software Group Co. Ltd.(e)

      4,961,000       15,494,119  

Kingsoft Corp. Ltd.

      1,132,800       5,300,633  

Lenovo Group Ltd.

      890,000       829,909  

Li Auto, Inc., ADR(e)

      1,037,079       34,628,068  

Luzhou Laojiao Co. Ltd., Class A

      7,700       204,580  

Meituan, Class B(b)(e)

      118,800       3,287,364  

Microport Cardioflow Medtech
Corp.(b)(e)

      134,000       210,023  

Ming Yuan Cloud Group Holdings Ltd.

      1,028,000       3,844,135  

NetEase, Inc., ADR

      93,310       9,537,215  

NIO, Inc., ADR(e)

      28,552       1,275,703  

PetroChina Co. Ltd., Class H

      2,564,000       1,071,090  

Pharmaron Beijing Co. Ltd., Class H(b)

      31,700       695,193  

PICC Property & Casualty Co. Ltd., Class H

      1,274,000       1,029,157  

Ping An Insurance Group Co. of China Ltd., Class A

      447,300       3,720,941  

Ping An Insurance Group Co. of China Ltd., Class H

      202,500       1,772,045  

Shanghai International Airport Co. Ltd., Class A

      1,180,217       7,051,249  

Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A

      2,000       121,179  

TAL Education Group, ADR(e)

      53,137       322,542  

Tencent Holdings Ltd.

      1,511,700       91,167,826  
Security          Shares     Value  
China (continued)                  

Tingyi Cayman Islands Holding Corp.

      724,000     $ 1,305,313  

Topsports International Holdings
Ltd.(b)

      168,000       234,452  

Venus MedTech Hangzhou, Inc., Class H(b)(e)

      1,230,500       7,777,365  

Venustech Group, Inc., Class A

      1,034,688       5,080,498  

Vipshop Holdings Ltd., ADR(e)

      104,558       1,738,800  

Want Want China Holdings Ltd.

      6,083,000       4,106,063  

Wuhu Sanqi Interactive Entertainment Network

     

Technology Group Co. Ltd., Class A

      204,100       612,371  

WuXi AppTec Co. Ltd., Class A

      270,253       6,294,313  

Wuxi Biologics Cayman, Inc.(b)(e)

      861,806       13,163,440  

Yifeng Pharmacy Chain Co. Ltd., Class A

      544,856       4,117,519  

Yihai International Holding Ltd.

      1,053,000       6,351,803  

Yonyou Network Technology Co. Ltd., Class A

                     1,506,909       8,366,680  

Yum China Holdings, Inc.

      166,072       10,328,018  

ZTO Express Cayman, Inc., ADR

      10,126       274,010  
     

 

 

 
             642,188,765  
Denmark — 0.3%                  

AP Moeller - Maersk A/S, Class A

      1,385       3,702,665  

AP Moeller - Maersk A/S, Class B

      1,627       4,515,287  

Carlsberg A/S, Class B

      2,827       522,388  

DSV Panalpina A/S

      146,766       35,776,393  

Genmab A/S(e)

      31,084       14,049,310  

Pandora A/S

      126,160       16,319,679  
     

 

 

 
        74,885,722  
Finland — 0.2%                  

Kone Oyj, Class B

      4,898       405,684  

Neste Oyj

      878,617       54,009,264  
     

 

 

 
        54,414,948  
France — 3.2%                  

Alstom SA(e)

      2,509,601       104,089,067  

Arkema SA

      606,758       77,230,837  

AXA SA

      56,392       1,460,385  

BNP Paribas SA

      400,554       24,425,435  

Cie de Saint-Gobain

      888,564       63,512,998  

Cie Generale des Etablissements Michelin SCA

      8,729       1,425,815  

Credit Agricole SA

      49,910       695,921  

Danone SA

      1,512,183       111,226,335  

Electricite de France SA

      23,210       281,759  

EssilorLuxottica SA

      425,333       80,295,591  

Faurecia SE

      94       4,281  

Kering SA

      27,835       24,971,857  

LVMH Moet Hennessy Louis Vuitton SE

      126,538       101,314,801  

Orange SA

      107,576       1,197,228  

Pernod Ricard SA

      14,384       3,174,642  

Safran SA

      1,166,303       152,639,119  

Sanofi

      1,214,691       125,202,095  

Sartorius Stedim Biotech

      364       207,787  

Schneider Electric SE

      25,773       4,316,676  

Societe Generale SA

      134,548       3,940,332  

TotalEnergies SE

      17,193       749,730  
     

 

 

 
        882,362,691  
Germany — 3.7%                  

Adidas AG

      369,127       133,975,889  

Allianz SE, Registered Shares

      678,240       168,585,603  

Auto1 Group SE(b)(e)

      929,251       45,481,868  

BASF SE

      5,248       412,380  

Bayerische Motoren Werke AG

      21,102       2,098,198  

Continental AG, Class A(e)

      8,508       1,155,770  

Daimler AG, Registered Shares

      1,649,484       147,198,997  
 

 

 

8  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  
Germany (continued)                  

Deutsche Bank AG, Registered Shares(e)

      27,625     $ 348,248  

Deutsche Boerse AG

      19,321       3,223,978  

Deutsche Post AG, Registered Shares

      14,305       969,466  

Deutsche Telekom AG, Registered Shares

                     6,675,299            138,540,140  

Evonik Industries AG

      10,468       363,974  

Fresenius Medical Care AG & Co. KGaA

      15,152       1,194,299  

Fresenius SE & Co. KGaA

      13,741       722,226  

Infineon Technologies AG

      752,846       28,769,355  

Puma SE

      552,629       67,790,662  

SAP SE

      4,511       647,379  

Siemens AG, Registered Shares

      1,175,362       183,395,272  

Vantage Towers AG(e)

      2,473,975       86,487,128  
     

 

 

 
        1,011,360,832  
Hong Kong — 0.5%                  

AIA Group Ltd.

      9,207,600       110,175,938  

China Resources Power Holdings Co. Ltd.

      468,000       806,807  

CLP Holdings Ltd.

      488,000       5,031,973  

Hang Lung Properties Ltd.

      3,247,000       8,404,496  

Hysan Development Co. Ltd.

      750,000       2,953,231  

Jardine Matheson Holdings Ltd.

      117,000       6,960,989  

Nine Dragons Paper Holdings Ltd.

      496,000       625,847  

SJM Holdings Ltd.(e)

      2,960,000       2,669,680  

Sun Art Retail Group Ltd.(e)

      804,000       500,526  
     

 

 

 
        138,129,487  
India — 0.3%                  

HCL Technologies Ltd.

      218,838       3,017,623  

Indian Oil Corp. Ltd.

      713,406       989,694  

InterGlobe Aviation Ltd.(b)(e)

      152,195       3,365,536  

Petronet LNG Ltd.

      741,866       2,177,255  

Reliance Industries Ltd.

      1,957,278       51,040,949  

Tata Consultancy Services Ltd.

      20,294       865,207  

Think & Learn Private Ltd., (Acquired 12/11/20, Cost: $8,580,000)(d)(h)

      5,720       20,243,382  
     

 

 

 
        81,699,646  
Indonesia — 0.0%                  

Bank Central Asia Tbk PT

      3,419,500       7,059,068  
     

 

 

 
Ireland — 0.3%                  

Accenture PLC, Class A

      6,005       1,907,668  

Aptiv PLC(e)

      412,717       68,861,832  

Experian PLC

      11,789       519,020  

Medtronic PLC

      25,616       3,363,637  

Trane Technologies PLC

      99,796       20,319,464  
     

 

 

 
        94,971,621  
Israel(e) — 0.3%                  

ION Acquisition Corp. 2 Ltd.

      394,029       3,952,111  

Playtika Holding Corp.

      2,850,292       63,361,991  

SimilarWeb Ltd.

      191,157       4,583,945  
     

 

 

 
        71,898,047  
Italy — 1.5%                  

Assicurazioni Generali SpA

      754,752       15,048,345  

Atlantia SpA(e)

      69,519       1,260,968  

Banca Mediolanum SpA

      137,206       1,350,361  

Buzzi Unicem SpA

      47,608       1,258,426  

Enel SpA

      21,757,875       200,510,291  

Eni SpA

      53,056       627,420  

Ferrari NV

      152,388       33,211,135  

FinecoBank Banca Fineco SpA(e)

      78,596       1,407,373  

Intesa Sanpaolo SpA

      57,641,659       159,237,738  

Nexi SpA(b)(e)

      70,559       1,511,746  
Security          Shares     Value  
Italy (continued)                  

Poste Italiane SpA(b)

      97,579     $ 1,291,212  

Prysmian SpA

      40,486       1,451,559  

Snam SpA

      228,248       1,380,633  
     

 

 

 
        419,547,207  
Japan — 1.8%                  

Aisin Corp.

      36,600       1,481,711  

Asahi Kasei Corp.

      48,800       532,160  

Astellas Pharma, Inc.

      127,050       2,023,573  

Chugai Pharmaceutical Co. Ltd.

      10,100       372,190  

Daifuku Co. Ltd.

      109,200       9,785,331  

Daiichi Sankyo Co. Ltd.

      49,400       978,332  

Daikin Industries Ltd.

      2,600       542,965  

Disco Corp.

      51,700       14,763,280  

FANUC Corp.

      96,000       21,500,884  

Fast Retailing Co. Ltd.

      800       542,562  

GMO Payment Gateway, Inc.

      72,600       9,332,541  

Honda Motor Co. Ltd.

      21,900       703,381  

Hoya Corp.

      737,817       104,157,263  

Japan Post Bank Co. Ltd.

      46,500       394,678  

Kao Corp.

      61,000       3,672,891  

Keyence Corp.

      71,000       39,547,177  

Kirin Holdings Co. Ltd.

      155,500       2,844,219  

Kose Corp.

      206,800       32,676,637  

Kubota Corp.

      18,300       382,680  

Maeda Road Construction Co. Ltd.

      80,100       1,529,556  

Marubeni Corp.

      47,300       402,590  

Mitsubishi Electric Corp.

      38,000       515,555  

Mitsubishi Estate Co. Ltd.

      565,000       8,863,108  

Mitsubishi UFJ Financial Group, Inc.

      106,200       561,020  

Mizuho Financial Group, Inc.

      150,100       2,144,870  

NEC Corp.

      65,600       3,327,037  

Nexon Co. Ltd.

      23,300       479,423  

Nidec Corp.

      9,000       1,010,192  

Nintendo Co. Ltd.

      3,200       1,645,129  

Nippon Telegraph & Telephone Corp.

      533,900       13,672,172  

Nissan Motor Co. Ltd.(e)

      132,600       769,589  

Nomura Holdings, Inc.

      464,800       2,327,524  

Obic Co. Ltd.

      1,700       298,781  

Olympus Corp.

      45,500       936,360  

Ono Pharmaceutical Co. Ltd.

      64,800       1,479,264  

Oracle Corp. Japan

      33,200       2,480,041  

Oriental Land Co. Ltd.

      146,400       20,056,852  

Otsuka Holdings Co. Ltd.

      5,600       222,595  

Panasonic Corp.

      93,400       1,127,811  

Recruit Holdings Co. Ltd.

      709,000       36,747,909  

Shin-Etsu Chemical Co. Ltd.

      565,040       92,174,490  

Shiseido Co. Ltd.

      6,200       414,381  

Softbank Corp.

      48,300       630,856  

SoftBank Group Corp.

      10,000       628,856  

Sony Group Corp.

      250,000       26,116,619  

Sumitomo Corp.

      8,400       114,155  

Sumitomo Mitsui Financial Group, Inc.

      11,700       394,396  

Sumitomo Mitsui Trust Holdings, Inc.

      31,700       1,040,580  

Suzuki Motor Corp.

      33,200       1,350,758  

Takeda Pharmaceutical Co. Ltd.

      31,500       1,048,525  

Terumo Corp.

      8,000       310,486  

Tokyo Electron Ltd.

      1,900       783,608  

Toshiba Corp.

      6,300       271,161  

Toyota Motor Corp.

      12,000       1,077,306  

Z Holdings Corp.

                     1,213,700       6,074,786  
     

 

 

 
             479,262,796  
 

 

 

  9


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  
Luxembourg — 0.1%                  

ArcelorMittal SA

                        500,198     $        17,469,626  
     

 

 

 
Mexico — 0.0%                  

Grupo Bimbo SAB de CV, Series A

      371,649       856,578  
     

 

 

 
Netherlands — 2.3%                  

Adyen NV(b)(e)

      31,543       85,483,078  

Akzo Nobel NV

      687,417       84,914,712  

ASML Holding NV

      210,720       161,070,945  

Heineken Holding NV

      14,371       1,413,717  

ING Groep NV

      13,152,662       168,757,762  

Koninklijke Ahold Delhaize NV

      82,867       2,575,907  

Koninklijke Philips NV

      31,204       1,438,799  

NXP Semiconductors NV

      491,408       101,421,697  

Prosus NV

      17,972       1,603,433  

Royal Dutch Shell PLC, A Shares

      69,075       1,388,474  

Royal Dutch Shell PLC, B Shares

      40,393       798,132  

Stellantis NV

      38,514       738,564  
     

 

 

 
        611,605,220  
New Zealand — 0.0%                  

Xero Ltd.(e)

      4,801       498,115  
     

 

 

 
Norway — 0.0%                  

LINK Mobility Group Holding ASA(e)

      742,585       2,740,119  

Telenor ASA

      61,113       1,061,053  
     

 

 

 
        3,801,172  
Poland — 0.0%                  

InPost SA(e)

      646,184       12,670,383  

KGHM Polska Miedz SA

      6,696       338,087  

Polski Koncern Naftowy ORLEN SA

      37,835       716,766  
     

 

 

 
        13,725,236  
Portugal — 0.0%                  

Jeronimo Martins SGPS SA

      278,896       5,682,181  
     

 

 

 
Saudi Arabia — 0.0%                  

Dr Sulaiman Al Habib Medical Services Group Co.

      7,143       325,076  
     

 

 

 
Singapore — 0.1%                  

DBS Group Holdings Ltd.

      384,100       8,594,755  

Sea Ltd., ADR(e)

      50,683       13,996,617  

United Overseas Bank Ltd.

      437,700       8,462,308  
     

 

 

 
        31,053,680  
South Africa — 0.0%                  

Anglo American Platinum Ltd.

      2,967       388,293  

Impala Platinum Holdings Ltd.

      81,581       1,470,615  

Kumba Iron Ore Ltd.

      28,574       1,515,974  

MTN Group Ltd.(e)

      65,140       467,883  

Thungela Resources Ltd.(e)

      1,917       5,939  
     

 

 

 
        3,848,704  
South Korea — 0.8%                  

Amorepacific Corp.

      224,165       43,213,148  

Hana Financial Group, Inc.

      21,655       817,013  

Kakao Corp.

      387,777       49,641,243  

KB Financial Group, Inc.

      23,258       1,033,025  

LG Chem Ltd.

      62,932       46,223,782  

LG Electronics, Inc.

      2,265       310,258  

Lotte Chemical Corp.

      2,282       514,923  

NCSoft Corp.

      14,145       10,145,126  

POSCO

      20,914       6,651,837  

Samsung Biologics Co. Ltd.(b)(e)

      1,352       1,046,000  

Samsung Electronics Co. Ltd.

      25,767       1,760,824  
Security          Shares     Value  
South Korea (continued)                  

Samsung Fire & Marine Insurance Co. Ltd.

                          3,825     $             713,546  

Samsung SDI Co. Ltd.

      62,232       40,173,165  

SK Holdings Co. Ltd.

      5,409       1,262,364  

SK Hynix, Inc.

      6,185       605,488  
     

 

 

 
        204,111,742  
Spain — 0.4%                  

Cellnex Telecom SA(b)

      1,760,088       114,786,959  

Endesa SA

      49,614       1,205,154  

Iberdrola SA

      74,551       897,228  

Industria de Diseno Textil SA

      16,280       552,158  
     

 

 

 
        117,441,499  
Sweden — 1.3%                  

Atlas Copco AB, A Shares

      190,147       12,877,707  

Atlas Copco AB, B Shares

      8,256       469,422  

Epiroc AB, Class A

      545,184       12,699,857  

EQT AB

      9,083       437,820  

H & M Hennes & Mauritz AB, B Shares(e)

      97,399       2,036,293  

Hexagon AB, B Shares

      1,930,145       31,950,846  

Sandvik AB

      3,477,970       90,692,572  

Svenska Handelsbanken AB, A Shares

      83,141       936,941  

Swedbank AB, A Shares

      561,734       10,938,994  

Volvo AB, B Shares

      7,756,479       182,911,412  
     

 

 

 
        345,951,864  
Switzerland — 0.6%                  

ABB Ltd., Registered Shares

      652,066       23,838,458  

Alcon, Inc.

      180,540       13,143,292  

Cie Financiere Richemont SA, Class A, Registered Shares

      152,078       19,461,298  

Kuehne + Nagel International AG, Registered Shares

      9,762       3,293,045  

Lonza Group AG, Registered Shares

      27,834       21,672,258  

Nestle SA, Registered Shares

      178,154       22,559,579  

Novartis AG, Registered Shares

      15,358       1,420,283  

Partners Group Holding AG

      728       1,243,689  

Roche Holding AG

      2,388       922,513  

SGS SA, Registered Shares

      196       634,388  

Sika AG, Registered Shares

      97,428       34,321,001  

Straumann Holding AG, Registered Shares

      12,872       23,864,923  

Zurich Insurance Group AG

      2,766       1,115,181  
     

 

 

 
        167,489,908  
Taiwan — 1.1%                  

ASE Technology Holding Co. Ltd.

      103,000       453,235  

Asustek Computer, Inc.

      17,000       213,735  

Cathay Financial Holding Co. Ltd.

      2,811,000       5,471,085  

China Steel Corp.

      259,000       337,780  

Chunghwa Telecom Co. Ltd.

      1,438,000       5,933,853  

Formosa Chemicals & Fibre Corp.

      1,249,000       3,677,916  

Formosa Plastics Corp.

      1,108,000       3,963,388  

Fubon Financial Holding Co. Ltd.

      3,058,000       8,220,391  

Hon Hai Precision Industry Co. Ltd.

      1,584,760       6,262,528  

MediaTek, Inc.

      57,000       1,863,777  

Nan Ya Plastics Corp.

      1,516,000       4,731,223  

Nanya Technology Corp.

      167,000       434,481  

Novatek Microelectronics Corp.

      110,000       2,023,486  

Taiwan Semiconductor Manufacturing Co. Ltd.

      10,939,000       228,619,584  

Uni-President Enterprises Corp.

      2,070,000       5,428,850  
 

 

 

10  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  
Taiwan (continued)                  

United Microelectronics Corp.

                        302,000     $ 631,526  

Yageo Corp.

      464,000       9,357,325  
     

 

 

 
             287,624,163  
Thailand — 0.0%                  

Intouch Holdings PCL, Class F

      2,781,700       5,458,877  

Thai Beverage PCL

      3,284,400       1,572,879  
     

 

 

 
        7,031,756  
United Arab Emirates(d) — 0.0%                  

Jawbone Health Hub, Inc., (Acquired 01/24/17, Cost: $0), 01/24/17(h)

      1,518,232       15  

NMC Health PLC(e)

      1,077,976       15  
     

 

 

 
        30  
United Kingdom — 3.2%                  

10x Future Technologies Holdings Ltd., (Acquired 05/13/21, Cost: $24,142,699)(d)(h)

      637,808       23,892,622  

Alphawave IP Group PLC(e)

      2,629,157       15,582,918  

Anglo American PLC

      510,152       22,606,857  

AstraZeneca PLC

      1,192,313       137,008,535  

AstraZeneca PLC, ADR

      3,109       177,959  

Auto Trader Group PLC(b)(e)

      1,250,682       11,331,378  

Barclays PLC

      360,000       870,869  

Berkeley Group Holdings PLC

      255,855       17,226,197  

BP PLC

      131,201       526,644  

BP PLC, ADR

      1,328,780       32,129,900  

British American Tobacco PLC

      19,054       708,664  

Capri Holdings Ltd.(e)

      536,202       30,193,535  

Compass Group PLC(e)

      3,250,303       68,678,522  

Diageo PLC

      102,671       5,091,071  

Ferguson PLC

      124,438       17,444,851  

Genius Sports Ltd.(e)

      442,909       7,582,602  

GlaxoSmithKline PLC

      140,049       2,765,104  

IHS Markit Ltd.

      4,976       581,396  

Legal & General Group PLC

      573,057       2,075,880  

Linde plc

      5,942       1,826,511  

Lloyds Banking Group PLC

      186,994,482       118,230,426  

London Stock Exchange Group PLC

      3,819       398,212  

National Grid PLC

      67,689       865,479  

Natwest Group PLC

      259,865       729,367  

Reckitt Benckiser Group PLC

      7,185       549,650  

RELX PLC

      40,828       1,200,110  

Rio Tinto PLC

      285,704       24,267,813  

Spirax-Sarco Engineering PLC

      66,452       13,845,188  

THG PLC(e)

      12,836,734       104,471,185  

Unilever PLC

      2,600,603       149,668,794  

Vodafone Group PLC

      28,854,014       46,395,859  
     

 

 

 
        858,924,098  
United States — 45.0%                  

Abbott Laboratories(i)

      1,588,904       192,225,606  

AbbVie, Inc.(i)

      1,468,680       170,807,484  

Adobe, Inc.(e)

      7,210       4,481,952  

Advance Auto Parts, Inc.

      80,797       17,133,812  

Advanced Micro Devices, Inc.(e)

      13,603       1,444,503  

Agilent Technologies, Inc.

      23,340       3,576,388  

Air Products & Chemicals, Inc.

      457,344       133,100,824  

Airbnb, Inc., Class A(e)

      158,274       22,793,039  

Alaska Air Group, Inc.(e)

      95,953       5,568,153  

Albemarle Corp.

      258,754       53,313,674  

Alight Group Inc., (Acquired 07/02/21, Cost: $7,812,790)(h)

      781,279       7,163,955  
Security          Shares     Value  
United States (continued)                  

Align Technology, Inc.(e)

                            2,282     $ 1,587,816  

Alnylam Pharmaceuticals, Inc.(e)

      86,875       15,545,413  

Alphabet, Inc., Class A(e)

      4,116       11,090,685  

Alphabet, Inc., Class C(e)

      181,557            491,006,382  

Altair Engineering, Inc., Class A(e)

      315,599       22,016,186  

AltC Acquisition Corp., Class A, Class A(e)

      791,897       7,800,185  

Amazon.com, Inc.(e)(i)

      96,224       320,194,020  

American Tower Corp.

      690,550       195,287,540  

American Water Works Co., Inc.

      96,591       16,431,095  

Ameriprise Financial, Inc.

      2,079       535,467  

Amgen, Inc.

      69,878       16,878,332  

Analog Devices, Inc.

      1,683       281,768  

Anthem, Inc.

      262,111       100,653,245  

Aon PLC, Class A

      8,500       2,210,255  

Apellis Pharmaceuticals, Inc.(e)

      132,284       8,464,853  

Apple, Inc.(i)

      3,238,283       472,335,958  

Applied Materials, Inc

      785,814       109,958,953  

Aramark

      69,518       2,442,167  

Astra Space Inc., (Acquired 06/30/21, Cost: $7,485,660)(h)

      748,566       6,108,860  

Atlassian Corp. PLC, Class A(e)

      66,549       21,636,411  

Autodesk, Inc.(e)

      291,496       93,608,110  

AutoZone, Inc.(e)

      535       868,610  

Bank of America Corp.(i)

      5,983,326       229,520,385  

Bank of New York Mellon Corp.

      58,692       3,012,660  

Bath & Body Works, Inc.

      193,188       15,468,563  

Baxter International, Inc.

      223,060       17,253,691  

Becton Dickinson and Co.

      9,530       2,437,298  

Berkshire Grey Inc., (Acquired 07/19/21, Cost: $2,707,070)(h)

      270,707       2,483,350  

Berkshire Hathaway, Inc., Class B(e)

      94,458       26,286,717  

Biogen, Inc.(e)

      2,100       686,133  

Blend Labs, Inc., Class A(e)

      988,950       17,860,437  

Booking Holdings, Inc.(e)

      288       627,339  

Boston Scientific Corp.(e)

      4,370,237       199,282,807  

Bright Horizons Family Solutions,
Inc.(e)

      29,696       4,439,552  

Bristol-Myers Squibb Co.

      1,807,810       122,696,065  

Broadcom, Inc.

      2,240       1,087,296  

Brookfield Renewable Corp., Class A

      6,424       272,593  

Brown-Forman Corp., Class B

      44,164       3,132,111  

C3.AI, Inc., Class A(e)

      244,413       12,306,195  

Cadence Design Systems, Inc.(e)

      108,732       16,054,280  

California Resources Corp.(e)

      464,157       13,047,453  

Capital One Financial Corp.

      1,269,053       205,205,870  

Caresyntax, Inc. C 2(d)

      39,141       6,741,254  

Carrier Global Corp.

      227,932       12,593,243  

Cerner Corp.

      43,326       3,482,977  

Charles Schwab Corp.

      2,259,105       153,506,185  

Charter Communications, Inc., Class A(e)

      157,637       117,289,810  

Chubb Ltd.

      266,330       44,940,524  

Cigna Corp.

      21,303       4,888,825  

Citigroup, Inc.

      85,244       5,764,199  

CME Group, Inc.

      81,779       17,347,779  

Cognizant Technology Solutions Corp., Class A

      31,382       2,307,518  

Coinbase Global, Inc., Class A(e)

      124,205       29,384,419  

Comcast Corp., Class A

      3,458,531       203,465,379  

ConocoPhillips

      3,192,736       178,984,780  

Consolidated Edison, Inc.

      12,591       928,838  

Constellation Brands, Inc., Class A

      15,514       3,480,411  

Corteva, Inc.

      62,532       2,675,119  

Costco Wholesale Corp.

      351,647       151,109,749  
 

 

 

  11


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  
United States (continued)                  

Crowdstrike Holdings, Inc., Class A(e)

                 238,002     $ 60,359,687  

Crown Castle International Corp.

      15,276       2,949,643  

Crown PropTech Acquisitions(e)

      487,104       4,832,072  

Crown Proptech Acquisitions Pvt Ltd.(d)

      186,720       104,563  

D.R. Horton, Inc.

      1,253,683            119,638,969  

Danaher Corp.

      2,485       739,263  

Danimer Scientific, Inc.(e)

      142,774       2,381,470  

Datadog, Inc., Class A(e)

      76,638       8,483,827  

Davidson Kempner Merchant Co-investment Fund LP, (Acquired 04/01/21,
Cost: $26,559,000)(d)(h)(j)

        26,559,000       28,931,781  

Deere & Co.

      84,341       30,496,862  

Dell Technologies, Inc., Class C(e)

      751,519       72,611,766  

Delta Air Lines, Inc.(e)

      375,099       14,966,450  

Devon Energy Corp.

      330,610       8,542,962  

DexCom, Inc.(e)

      2,302       1,186,704  

Diamondback Energy, Inc

      32,172       2,481,426  

DocuSign, Inc.(e)

      5,936       1,769,165  

Dollar Tree, Inc.(e)

      11,749       1,172,433  

Doma Holdings Inc., (Acquired 07/28/21, Cost: $14,092,230)(h)

      1,409,223       9,323,138  

Dominion Energy, Inc.

      8,694       650,920  

DoubleVerify Holdings, Inc., Series A, (Acquired 11/18/20, Cost: $6,996,468), 11/18/20(h)

      406,504       13,752,493  

Dow, Inc.

      17,594       1,093,643  

Dynatrace, Inc.(e)

      277,672       17,734,911  

Eaton Corp. PLC

      19,291       3,048,943  

Ecolab, Inc.

      9,324       2,059,019  

Edison International

      12,853       700,489  

Edwards Lifesciences Corp.(e)

      596,937       67,018,117  

Electronic Arts, Inc.

      19,487       2,805,349  

Eli Lilly & Co.

      1,830       445,605  

Emerson Electric Co.

      44,824       4,522,293  

Energy Select Sector SPDR Fund

      96,065       4,744,650  

EOG Resources, Inc.

      7,237       527,288  

EPAM Systems, Inc.(e)

      14,823       8,297,915  

Epic Games, Inc., (Acquired 07/02/20, Cost: $23,484,725), 07/02/20(d)(h)

      40,843       36,509,558  

EQT Corp.(e)

      5,908,552       108,658,271  

Equinix, Inc.

      769       630,895  

Equity Residential

      2,127       178,945  

Estee Lauder Cos., Inc., Class A

      32,028       10,691,907  

Evgo Inc., (Acquired 07/01/21, Cost: $3,571,950)(h).

      357,195       4,136,211  

Expedia Group, Inc.(e)

      65,858       10,594,576  

Exxon Mobil Corp.

      93,113       5,360,515  

Facebook, Inc., Class A(e)(i)

      333,111       118,687,449  

FedEx Corp.

      31,839       8,913,328  

Fidelity National Information Services, Inc.

      2,129       317,327  

Fifth Wall Acquisition Corp. I, Class A(e)

      985,687       12,222,519  

Fiserv, Inc.(e)

      12,078       1,390,299  

Ford Motor Co.(e)

      77,785       1,085,101  

Fortinet, Inc.(e)

      108,863       29,636,863  

Fortive Corp.

      2,190,638       159,171,757  

Fortune Brands Home & Security, Inc.

      133,595       13,021,505  

FQT Private(d)

      2,439,185       2,585,536  

Freeport-McMoRan, Inc.(i)

      4,021,162       153,206,272  

Frontier Communications Parent, Inc.(e)

      493,772       14,768,721  

General Motors Co.(e)

      8,765       498,203  

Gilead Sciences, Inc.

      6,733       459,797  

Global Payments, Inc.

      708,072       136,948,206  

HCA Healthcare, Inc.

      16,215       4,024,563  
Security          Shares     Value  
United States (continued)                  

Health Care Select Sector SPDR Fund

                        201,333     $ 26,606,156  

Healthcare Merger Corp., (Acquired 10/30/20, Cost: $8,907,020), 10/30/20(h)

      890,702       4,088,322  

Hilton Worldwide Holdings, Inc.(e)

      263,019       34,573,848  

Home Depot, Inc.

      449,889            147,649,071  

HP, Inc.

      120,364       3,474,909  

Humana, Inc.

      1,203       512,310  

Hyzon Motors Inc., (Acquired 07/16/21, Cost: $2,608,060)(h)

      260,806       1,703,543  

IDEXX Laboratories, Inc.(e)

      3,359       2,279,182  

iHeartMedia, Inc., Class A(e)

      10,778       278,611  

Illinois Tool Works, Inc.

      16,809       3,810,096  

Illumina, Inc.(e)

      14,506       7,191,350  

Insulet Corp.(e)

      16,101       4,503,289  

Intel Corp.

      254,875       13,691,885  

Intercontinental Exchange, Inc.

      3,341       400,352  

International Flavors & Fragrances, Inc.

      631,672       95,155,070  

International Paper Co.

      37,140       2,145,206  

Intuit, Inc.

      2,838       1,504,055  

Intuitive Surgical, Inc.(e)

      70,989       70,382,754  

IQVIA Holdings, Inc.(e)

      12,929       3,202,513  

Israel Amplify Program Corp.(d)

      354,360       1,541  

Johnson & Johnson

      1,649,250       284,000,850  

Johnson Controls International plc

      463,464       33,100,599  

JPMorgan Chase & Co.

      693,952       105,328,035  

Khosla Ventures Acquisition Co.(e)

      789,523       7,792,592  

KLA Corp.

      4,985       1,735,578  

Kroger Co.

      50,469       2,054,088  

L3Harris Technologies, Inc.

      206,161       46,744,945  

Lam Research Corp.

      3,688       2,350,768  

Las Vegas Sands Corp.(e)

      725,174       30,711,119  

Latch Inc., (Acquired 06/04/21, Cost: $6,510,670)(h)

      651,067       8,678,723  

Liberty Broadband Corp., Class C(e)

      5,092       903,779  

Liberty Media Acquisition Corp.(e)

      1,579,349       16,567,371  

Liberty Media Corp. - Liberty SiriusXM, Class A(e)

      937,215       43,758,568  

Liberty Media Corp. - Liberty SiriusXM, Class C(e)

      1,301,696       60,138,355  

Lightning eMotors, Inc.

      292,347       722,720  

Lions Gate Entertainment Corp., Class A(e)

      119,411       1,794,747  

Live Nation Entertainment, Inc.(e)

      169,841       13,398,756  

Lockheed Martin Corp.

      1,746       648,936  

Lookout, Inc., (Acquired 03/04/15, Cost: $2,002,652), 03/04/15(d)(h)

      175,316       2,002,109  

Lowe’s Cos., Inc.

      599,614       115,539,622  

Lucid Group Inc., (Acquired 07/23/21, Cost: $23,997,795)(h)

      1,599,853       36,757,352  

LyondellBasell Industries NV, Class A

      3,667       364,243  

ManpowerGroup, Inc.

      74,516       8,836,107  

Marathon Petroleum Corp.

      8,202       452,914  

Markforged Holding Corp., (Acquired 07/14/21, Cost: $2,348,120)(h)

      234,812       2,421,663  

Marqeta, Inc., Class A(e)

      401,290       10,766,611  

Marsh & McLennan Cos., Inc.

      926,818       136,446,146  

Masco Corp.

      289,250       17,271,118  

Masimo Corp.(e)

      62,906       17,134,965  

Mastercard, Inc., Class A

      615,688       237,618,627  

Matterport Inc., (Acquired 07/20/21, Cost: $5,024,330)(h)

      502,433       7,525,400  

McDonald’s Corp.

      565,239       137,189,158  

Medallia, Inc.(e)

      1,041,058       35,260,634  

Merck & Co., Inc.

      27,183       2,089,557  
 

 

 

12  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  
United States (continued)                  

Micron Technology, Inc.(e)

                     1,439,116     $      111,646,619  

Microsoft Corp.

      2,242,149       638,810,672  

Moderna, Inc.(e)

      33,442       11,825,091  

MongoDB, Inc.(e)

      44,650       16,025,778  

Monster Beverage Corp.(e)

      199,193       18,787,884  

Morgan Stanley

      1,338,221       128,442,452  

Netflix, Inc.(e)

      6,670       3,452,192  

Nevro Corp.(e)

      24,265       3,761,075  

New Relic, Inc.(e)

      149,299       10,313,575  

Newmont Corp.

      8,959       562,804  

NextEra Energy, Inc.

      2,639,731       205,635,045  

NIKE, Inc., Class B

      107,370       17,985,549  

Northern Genesis Acquisition Corp. II(e)

      379,710       3,918,607  

Northern Trust Corp.

      31,664       3,573,282  

Northrop Grumman Corp.

      1,027       372,822  

NVIDIA Corp.(i)

      556,952       108,600,070  

Okta, Inc.(e)

      85,322       21,141,938  

Opendoor Technologies Inc.(e)

      744,088       11,027,384  

Oracle Corp.

      6,042       526,500  

O’Reilly Automotive, Inc.(e)

      20,447       12,346,716  

Organon & Co.(e)

      6,863       199,096  

Otis Worldwide Corp.

      36,369       3,256,844  

Ovintiv, Inc.

      89,901       2,306,860  

Palo Alto Networks, Inc.(e)

      67,573       26,965,006  

Parker-Hannifin Corp.

      264,762       82,613,687  

PayPal Holdings, Inc.(e)

      465,143       128,160,851  

Peloton Interactive, Inc., Class A(e)

      662,010       78,150,281  

Penn National Gaming, Inc.(e)

      208,714       14,271,863  

PepsiCo, Inc.

      111,707       17,532,414  

Pfizer, Inc.

      27,827       1,191,274  

Philip Morris International, Inc

      10,444       1,045,340  

Pinterest, Inc., Class A(e)

      12,336       726,590  

Playstudios Inc., (Acquired 06/17/21, Cost: $10,393,480)(h)

      1,039,348       6,712,975  

PNC Financial Services Group, Inc.

      2,502       456,390  

PPG Industries, Inc

      631,773       103,307,521  

Procter & Gamble Co.

      6,319       898,751  

Progressive Corp.

      9,083       864,338  

Prologis, Inc.

      31,918       4,086,781  

Proofpoint, Inc.(e)

      50,352       8,794,480  

PTC, Inc.(e)

      683,490       92,578,721  

Public Storage

      1,241       387,788  

PubMatic, Inc., Class A(e)

      173,466       5,153,675  

PVH Corp.(e)

      189,792       19,856,039  

Qualcomm, Inc.

      110,337       16,528,483  

Quest Diagnostics, Inc.

      103,916       14,735,289  

Ralph Lauren Corp.

      73,354       8,327,146  

Raytheon Technologies Corp.

      9,103       791,506  

Regeneron Pharmaceuticals, Inc.(e)

      23,509       13,508,506  

Reinvent Technology Partners Z(e)

      616,968       6,015,438  

RingCentral, Inc., Class A(e)

      31,295       8,364,215  

Robert Half International, Inc.

      98,902       9,713,165  

Rockwell Automation, Inc.

      4,618       1,419,666  

Ross Stores, Inc.

      12,636       1,550,311  

Rotor Acquisition Corp.(e)

      174,690       1,841,233  

Rotor Acqusition Ltd.(d)

      93,752       489,385  

S&P Global, Inc.

      2,149       921,319  

salesforce.com, Inc.(e)

      774,927       187,478,089  

SBA Communications Corp.

      6,613       2,254,967  

Schlumberger NV

      31,304       902,494  

Seagen, Inc.(e)

      58,267       8,937,575  
Security          Shares     Value  
United States (continued)                  

SEM4 Holdings Lock up, (Acquired 07/22/21, Cost: $10,527,583)(h)

                     2,124,304     $        22,810,634  

Sema4 Holdings Corp., (Acquired 07/22/21, Cost: $9,298,300)(h)

      929,830       10,162,174  

Sempra Energy

      1,109,491       144,954,999  

Sensata Technologies Holding PLC(e)

      78,622       4,608,822  

ServiceNow, Inc.(e)

      215,035       126,416,926  

Sharecare Inc., (Acquired 07/01/21, Cost: $2,842,850)(h)

      284,285       2,233,417  

Sherwin-Williams Co.

      4,144       1,206,028  

Simon Property Group, Inc.

      2,949       373,107  

Snap, Inc., Class A(e)

      10,819       805,150  

Snorkel AI, Inc., Series B, (Acquired 06/30/21, Cost: $1,060,929)(d)(h)

      70,636       1,060,953  

Sonos, Inc.(e)

      1,019,865       34,043,094  

Southern Co.

      14,549       929,245  

SPDR Blackstone Senior Loan ETF

      307,123       14,072,376  

SPDR Euro Stoxx 50 ETF

      87,685       4,123,826  

Splunk, Inc.(e)

      100,668       14,292,843  

Square, Inc., Class A(e)

      1,922       475,234  

Stanley Black & Decker, Inc.

      4,938       973,033  

Starbucks Corp.

      2,833       344,011  

Starwood Property Trust, Inc.

      507,876       13,220,012  

State Street Corp.

      9,960       867,914  

Stryker Corp.

      47,855       12,965,834  

Sun Country Airlines Hodings, Inc., (Acquired 03/17/21, Cost: $21,728,687)(h)

      963,151       30,901,616  

Sunlight Financial Holdings Inc., (Acquired 07/09/21, Cost: $5,213,150)(h)

      521,315       4,162,296  

Sysco Corp.

      12,494       927,055  

Taboola.Com Ltd., (Acquired 06/30/21, Cost: $8,371,000)(h)

      837,100       7,639,375  

Target Corp.

      3,492       911,587  

TE Connectivity Ltd.

      555,988       81,991,550  

Thermo Fisher Scientific, Inc.

      276,229       149,166,422  

TJX Cos., Inc.

      1,631,687       112,276,382  

T-Mobile US, Inc.(e)

      6,536       941,315  

Toll Brothers, Inc.

      404,653       23,983,783  

TransDigm Group, Inc.(e)

      44,484       28,518,248  

Twilio, Inc., Class A(e)

      62,244       23,253,736  

Twitter, Inc.(e)

      2,888       201,438  

U.S. Bancorp

      269,149       14,948,535  

Uber Technologies, Inc.(e)

      58,172       2,528,155  

Ulta Beauty, Inc.(e)

      24,817       8,333,549  

Union Pacific Corp.

      321,778       70,392,155  

United Parcel Service, Inc., Class B

      991,237       189,683,112  

United Rentals, Inc.(e)

      43,524       14,343,334  

United States Steel Corp.

      438,311       11,606,475  

UnitedHealth Group, Inc.

      672,827       277,352,746  

Utilities Select Sector SPDR Fund

      160,494       10,587,789  

UWM Holdings Corp, (Acquired 01/20/21, Cost: $2,305,402), 01/20/21(h)

      266,754       2,035,333  

Vail Resorts, Inc.(e)

      6,882       2,100,386  

Valero Energy Corp.

      1,337,193       89,551,815  

VeriSign, Inc.(e)

      74,277       16,071,315  

Verisk Analytics, Inc.

      77,591       14,737,635  

Verizon Communications, Inc.

      77,028       4,296,622  

Vertex Pharmaceuticals, Inc.(e)

      3,040       612,803  

Vertiv Holdings Co., (Acquired 02/04/20, Cost: $51,266,950), 02/04/20(h)

      5,126,695       143,752,528  

VF Corp.

      53,399       4,282,600  
 

 

 

  13


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  
United States (continued)                  

Visa, Inc., Class A

      7,562     $          1,863,201  

VMware, Inc., Class A(e)

      752,619       115,707,645  

Vulcan Materials Co.

      701,448       126,253,626  

Walmart, Inc.

      540,355       77,027,605  

Walt Disney Co.(e)

          1,251,465       220,282,869  

Waste Connections, Inc.

      4,761       603,171  

WEC Energy Group, Inc.

      5,124       482,373  

Wells Fargo & Co.

      324,603       14,912,262  

Western Digital Corp.(e)

      248,656       16,145,234  

Weyerhaeuser Co.

      413,585       13,950,222  

Williams-Sonoma, Inc.

      34,450       5,226,065  

Willis Towers Watson PLC

      2,926       602,990  

Workday, Inc., Class A(e)

      64,550       15,130,520  

Wynn Resorts Ltd.(e)

      332,881       32,732,189  

Xilinx, Inc.

      82,363       12,341,272  

Zimmer Biomet Holdings, Inc.

      71,812       11,735,517  

Zoetis, Inc.

      92,486       18,746,912  

Zoom Video Communications, Inc., Class A(e)

      8,292       3,135,205  

Zscaler, Inc.(e)

      119,311       28,146,658  
     

 

 

 
        12,224,045,728  
     

 

 

 

Total Common Stocks — 71.5%
(Cost: $12,843,633,345)

 

    19,422,114,605  
     

 

 

 
           

Par

(000)

        

Corporate Bonds

     
Argentina — 0.0%                  

Genneia SA, 8.75%, 01/20/22(b)

    USD       3,026       2,930,681  
     

 

 

 
Australia(b)(d)(f)(g)(k) — 0.6%                  

Quintis Australia Pty. Ltd.

     

(12.00% Cash), 12.00%, 10/01/28

      82,685       82,684,528  

(7.50% Cash or 8.00% PIK), 7.50%, 10/01/26

      85,419       85,418,997  
     

 

 

 
        168,103,525  
Austria — 0.0%                  

Klabin Austria GmbH, 3.20%, 01/12/31(b)

      1,509       1,485,611  

Suzano Austria GmbH, 3.13%, 01/15/32(c)

      1,715       1,697,421  
     

 

 

 
        3,183,032  
Bahamas — 0.0%                  

Intercorp Peru Ltd., 3.88%, 08/15/29(b)

      2,287       2,195,520  
     

 

 

 
Bahrain — 0.0%                  

BBK BSC, 5.50%, 07/09/24

      1,174       1,237,323  

Oil and Gas Holding Co., 7.63%, 11/07/24

      1,102       1,222,049  
     

 

 

 
        2,459,372  
Bermuda — 0.0%                  

Geopark Ltd., 5.50%, 01/17/27(b)

      716       724,592  

Hopson Development Holdings Ltd., 6.80%, 12/28/23

      1,708       1,699,994  

Investment Energy Resources Ltd., 6.25%, 04/26/29(b)

      604       654,132  

Li & Fung Ltd.

     

4.38%, 10/04/24

      200       205,350  

4.50%, 08/18/25

      760       783,655  
Security         

Par

(000)

    Value  
Bermuda (continued)                  

Star Energy Geothermal Darajat II/Star Energy Geothermal Salak

     

4.85%, 10/14/38(b)

    USD                  2,231     $ 2,443,363  

4.85%, 10/14/38

      1,002       1,097,378  
     

 

 

 
                 7,608,464  
Brazil — 0.1%                  

Oi SA, (10.00% Cash or 8.00% Cash + 4.00% PIK), 10.00%, 07/27/25(k)

      2,318       2,278,594  

Petrobras Global Finance BV

     

5.30%, 01/27/25

      1,083       1,213,163  

6.00%, 01/27/28

      1,565       1,781,753  

5.60%, 01/03/31

      123       136,745  

Rumo Luxembourg Sarl, 5.88%, 01/18/25(b)

      2,309       2,407,566  

Suzano Austria GmbH, 3.75%, 01/15/31

      933       971,999  

Vale Overseas Ltd., 3.75%, 07/08/30

      2,332       2,486,495  
     

 

 

 
        11,276,315  
British Virgin Islands — 0.1%                  

Fortune Star BVI Ltd., 5.95%, 10/19/25

      3,132       3,197,185  

Fuqing Investment Management Ltd., 3.25%, 06/23/25

      3,490       3,490,654  

Haimen Zhongnan Investment Development International Co. Ltd., 12.00%, 06/08/22

      1,660       1,502,093  

New Metro Global Ltd., 4.50%, 05/02/26

      2,847       2,642,906  

Radiance Capital Investments Ltd., 8.80%, 09/17/23

      285       286,478  

RongXingDa Development BVI Ltd., 8.00%, 04/24/22

      2,030       1,134,643  
     

 

 

 
        12,253,959  
Canada(b) — 0.1%                  

Bausch Health Cos., Inc., 4.88%, 06/01/28

      3,444       3,553,656  

Bombardier, Inc., 7.13%, 06/15/26

      2,119       2,203,718  

Brookfield Residential Properties, Inc./Brookfield Residential US LLC

     

6.25%, 09/15/27

      341       360,113  

5.00%, 06/15/29

      1,956       1,991,208  

First Quantum Minerals Ltd., 6.88%, 10/15/27

      4,329       4,691,554  

Mattamy Group Corp., 4.63%, 03/01/30

      4,576       4,742,109  
     

 

 

 
        17,542,358  
Cayman Islands — 0.5%                  

AAC Technologies Holdings, Inc., 3.75%, 06/02/31

      3,100       3,182,150  

Agile Group Holdings Ltd., 5.50%, 04/21/25

      3,415       3,215,009  

Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34(l)

      837       630,334  

Bright Scholar Education Holdings Ltd., 7.45%, 07/31/22

      1,139       1,108,603  

Central China Real Estate Ltd.

     

7.65%, 08/27/23

      996       873,990  

7.90%, 11/07/23

      1,550       1,341,234  

7.75%, 05/24/24

      2,676       2,153,845  

China Aoyuan Group Ltd.

     

7.95%, 06/21/24

      723       662,584  

5.98%, 08/18/25

      1,630       1,344,750  

6.20%, 03/24/26

      3,132       2,540,443  

China Evergrande Group

     

8.25%, 03/23/22

      2,289       1,270,395  

10.00%, 04/11/23

      1,139       495,465  

China SCE Group Holdings Ltd.

     

7.38%, 04/09/24

      1,139       1,138,858  

5.95%, 09/29/24

      1,139       1,093,440  
 

 

 

14  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
Cayman Islands (continued)                  

China SCE Group Holdings Ltd. (continued)

 

7.00%, 05/02/25

    USD                  1,139     $           1,089,169  

CIFI Holdings Group Co. Ltd.

     

6.00%, 07/16/25

      569       580,309  

4.45%, 08/17/26

      1,423       1,351,850  

Country Garden Holdings Co. Ltd.

     

5.40%, 05/27/25

      2,310       2,413,661  

7.25%, 04/08/26

      2,310       2,498,121  

5.13%, 01/14/27

      3,100       3,209,081  

DaFa Properties Group Ltd., 9.95%, 01/18/22

      1,520       1,462,974  

Dexin China Holdings Co. Ltd.

     

11.88%, 04/23/22

      1,097       1,001,218  

9.95%, 12/03/22

      573       510,257  

Fantasia Holdings Group Co. Ltd.

     

10.88%, 01/09/23

      2,619       2,042,820  

11.88%, 06/01/23

      1,139       874,752  

9.25%, 07/28/23

      601       427,950  

9.88%, 10/19/23

      481       334,295  

Haidilao International Holding Ltd., 2.15%, 01/14/26

      3,630       3,539,613  

Hilong Holding Ltd., 9.75%, 11/18/24

      1,660       1,460,800  

JD.com, Inc., 3.38%, 01/14/30

      3,490       3,719,816  

Jiayuan International Group Ltd., 13.75%, 02/18/23

      1,430       1,456,634  

Jingrui Holdings Ltd., 12.00%, 07/25/22

      1,510       1,420,627  

Kaisa Group Holdings Ltd.

     

10.88%, 07/23/23

      1,281       1,085,487  

9.75%, 09/28/23

      1,139       932,058  

11.95%, 11/12/23

      1,850       1,586,722  

11.25%, 04/16/25

      1,800       1,403,213  

Logan Group Co. Ltd., 4.50%, 01/13/28

      1,993       1,818,612  

Longfor Group Holdings Ltd.

     

4.50%, 01/16/28

      2,950       3,234,491  

3.95%, 09/16/29

      2,180       2,311,890  

Melco Resorts Finance Ltd.

     

5.25%, 04/26/26

      1,247       1,278,175  

5.38%, 12/04/29

      1,600       1,654,000  

MGM China Holdings Ltd.(b)

     

5.38%, 05/15/24

      409       417,896  

5.88%, 05/15/26

      413       429,856  

Modern Land China Co. Ltd.

     

11.50%, 11/13/22

      569       505,805  

9.80%, 04/11/23

      1,710       1,484,814  

11.95%, 03/04/24

      569       483,401  

Oryx Funding Ltd., 5.80%, 02/03/31(b)

      1,185       1,246,102  

Powerlong Real Estate Holdings Ltd., 6.25%, 08/10/24

      1,139       1,128,180  

Redco Properties Group Ltd., 9.90%, 02/17/24

      285       253,258  

Redsun Properties Group Ltd.

     

10.50%, 10/03/22

      569       565,195  

9.70%, 04/16/23

      1,708       1,639,680  

7.30%, 01/13/25

      1,139       963,380  

Ronshine China Holdings Ltd.

     

8.10%, 06/09/23

      2,277       2,113,768  

6.75%, 08/05/24

      1,570       1,368,157  

7.10%, 01/25/25

      2,739       2,345,782  

Sable International Finance Ltd., 5.75%, 09/07/27

      1,651       1,727,606  

Shelf Drilling Holdings Ltd., 8.88%, 11/15/24(b)

      543       556,066  

Shimao Group Holdings Ltd.

     

5.60%, 07/15/26

      3,100       3,162,387  
Security         

Par

(000)

    Value  
Cayman Islands (continued)                  

Shimao Group Holdings Ltd. (continued)

 

3.45%, 01/11/31

    USD                  1,899     $ 1,732,838  

Shui On Development Holding Ltd.

     

6.15%, 08/24/24

      1,139       1,167,475  

5.50%, 03/03/25

      1,708       1,708,000  

Sinic Holdings Group Co. Ltd., 10.50%, 06/18/22

      1,580       1,264,000  

Sunac China Holdings Ltd.

     

7.95%, 10/11/23

      1,139       1,113,942  

6.50%, 01/10/25

      1,139       1,032,432  

7.00%, 07/09/25

      1,566       1,421,145  

Times China Holdings Ltd.

     

6.75%, 07/08/25

      2,420       2,310,797  

5.75%, 01/14/27

      2,420       2,142,456  

Vale Overseas Ltd., 6.25%, 08/10/26

      1,006       1,210,117  

Weibo Corp., 3.38%, 07/08/30

      3,760       3,792,430  

Wynn Macau Ltd., 4.88%, 10/01/24(b)

      259       260,263  

XP, Inc., 3.25%, 07/01/26(b)(c)

      870       849,599  

Yuzhou Group Holdings Co. Ltd.

     

8.50%, 02/04/23

      1,510       1,309,264  

8.50%, 02/26/24

      4,248       3,483,360  

8.30%, 05/27/25

      1,423       1,058,623  

7.38%, 01/13/26

      1,423       974,755  

Zhenro Properties Group Ltd.

     

9.15%, 05/06/23

      569       572,663  

8.35%, 03/10/24

      1,139       1,116,434  

7.35%, 02/05/25

      2,277       2,031,938  

6.63%, 01/07/26

      569       477,889  

Zhongliang Holdings Group Co. Ltd., 8.88%, 11/22/21

      1,600       1,444,000  
     

 

 

 
             118,615,448  
Chile — 0.0%                  

Corp. Nacional del Cobre de Chile, 4.25%, 07/17/42

      2,754       3,148,683  

Kenbourne Invest SA, 6.88%, 11/26/24(b)

      2,320       2,449,485  

VTR Comunicaciones SpA, 4.38%, 04/15/29(b)

      1,820       1,814,085  
     

 

 

 
        7,412,253  
China — 0.2%                  

21Vianet Group, Inc., 7.88%, 10/15/21

      1,139       1,123,908  

China Aoyuan Group Ltd., 6.35%, 02/08/24

      801       716,895  

China Development Bank Financial Leasing Co. Ltd., (5 year CMT + 2.75%), 2.88%, 09/28/30(a)

      1,800       1,833,678  

China Evergrande Group

     

9.50%, 04/11/22

      2,289       1,224,615  

11.50%, 01/22/23

      2,277       973,418  

China Grand Automotive Services Ltd., 8.63%, 04/08/22

      1,520       1,450,935  

China Milk Products Group Ltd., 0.00%, 01/15/49(e)(l)(m)

      39,500       39,500  

China SCE Group Holdings Ltd., 7.25%, 04/19/23

      1,138       1,144,970  

CIFI Holdings Group Co. Ltd., 5.95%, 10/20/25

      569       580,309  

Easy Tactic Ltd.

     

9.13%, 07/28/22

      569       503,316  

12.38%, 11/18/22

      569       482,512  

5.88%, 02/13/23

      569       413,236  

11.75%, 08/02/23

      2,029       1,512,620  

8.63%, 03/05/24

      1,520       1,039,110  

Fantasia Holdings Group Co. Ltd., 11.75%, 04/17/22

      3,240       2,771,820  

Fortune Star BVI Ltd., 5.05%, 01/27/27

      2,562       2,530,455  
 

 

 

  15


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
China (continued)                  

Health & Happiness H&H International Holdings Ltd., 5.63%, 10/24/24

    USD                  1,139     $          1,170,536  

Kaisa Group Holdings Ltd.

     

11.50%, 01/30/23

      1,423       1,220,934  

9.38%, 06/30/24

      2,699       2,093,075  

KWG Group Holdings Ltd., 7.40%, 03/05/24

      3,416       3,428,383  

Minmetals Bounteous Finance BVI Ltd., (5 year CMT + 5.21%), 3.38%(a)(n)

      200       205,850  

RKPF Overseas 2020 A Ltd., 5.13%, 07/26/26

      889       837,883  

RKPF Overseas Ltd.

     

Series 2019-A, 6.70%, 09/30/24

      250       260,828  

Series 2019-A, 5.90%, 03/05/25

      1,423       1,446,835  

Series 2019-A, 6.00%, 09/04/25

      2,277       2,316,848  

Scenery Journey Ltd.

     

11.50%, 10/24/22

      1,423       547,855  

12.00%, 10/24/23

      1,708       597,800  

Seazen Group Ltd., 6.00%, 08/12/24

      1,139       1,147,543  

Sino-Ocean Land Treasure III Ltd., (5 year CMT + 3.26%),
4.90%(a)(n)

      683       592,204  

Sino-Ocean Land Treasure IV Ltd., 4.75%, 08/05/29

      3,230       3,146,827  

Sunac China Holdings Ltd.

     

7.50%, 02/01/24

      1,423       1,370,349  

6.65%, 08/03/24

      1,423       1,304,535  

Wanda Properties International Co. Ltd., 7.25%, 01/29/24

      569       551,325  

Wanda Properties Overseas Ltd., 6.88%, 07/23/23

      569       538,345  

Yuzhou Group Holdings Co. Ltd., 7.70%, 02/20/25

      1,423       1,081,480  
     

 

 

 
        42,200,732  
Colombia — 0.0%                  

Banco GNB Sudameris SA, (5 year CMT + 6.66%), 7.50%, 04/16/31(a)(b)

      1,007       1,026,070  

Empresas Publicas de Medellin ESP, 4.25%, 07/18/29(b)

      2,452       2,403,573  

Grupo Aval Ltd., 4.38%, 02/04/30(b)

      2,467       2,432,339  

Millicom International Cellular SA, 5.13%, 01/15/28

      1,834       1,912,497  
     

 

 

 
        7,774,479  
Cyprus — 0.0%                  

MHP SE, 7.75%, 05/10/24(b)

      1,131       1,217,451  
     

 

 

 
Dominican Republic — 0.0%                  

Aeropuertos Dominicanos Siglo XXI SA, 6.75%, 03/30/29(b)

      2,368       2,477,224  
     

 

 

 
Germany — 0.3%                  

Adler Pelzer Holding GmbH, 4.13%, 04/01/24(b)

    EUR       18,415       20,369,387  

APCOA Parking Holdings GmbH, (3 mo. EURIBOR + 5.00%), 5.00%, 01/15/27(a)(b)

      13,620       16,287,587  

Deutsche Bank AG, (SOFR + 2.76%), 3.73%, 01/14/32(a)

    USD       3,245       3,340,043  

Douglas GmbH, 6.00%, 04/08/26(b)

    EUR       16,588       19,568,886  

Kirk Beauty SUN GmbH, (8.25% Cash or 9.00% PIK), 8.25%, 10/01/26(b)(k)

      8,272       9,637,402  

KME SE, 6.75%, 02/01/23

      11,892       13,189,932  
     

 

 

 
        82,393,237  
Security         

Par

(000)

    Value  
Greece — 0.1%                  

Ellaktor Value PLC, 6.38%, 12/15/24(b)

    EUR                14,660     $        16,626,630  
     

 

 

 
Guatemala(b) — 0.0%                  

Banco Industrial SA, (5 year CMT + 4.44%), 4.88%, 01/29/31(a)

    USD       1,250       1,297,266  

Energuate Trust, 5.88%, 05/03/27

      1,974       2,053,330  
     

 

 

 
        3,350,596  
Hong Kong — 0.2%                  

AIA Group Ltd., (5 year CMT + 1.76%), 2.70%(a)(n)

      3,760       3,822,275  

Bank of China Hong Kong Ltd., (5 year CMT + 3.04%), 5.90%(a)(n)

      2,390       2,577,615  

Bank of Communications Hong Kong Ltd., (5 year CMT + 1.40%), 2.30%, 07/08/31(a)

      2,710       2,703,144  

Bank of East Asia Ltd.(a)(n)

     

(5 year CMT + 4.26%), 5.88%

      1,423       1,520,209  

(5 year CMT + 5.53%), 5.83%

      1,423       1,529,725  

Blossom Joy Ltd., (5 year CMT + 5.80%), 3.10%(a)(n)

      335       342,642  

China South City Holdings Ltd., 10.88%, 06/26/22

      1,620       1,440,079  

CNAC HK Finbridge Co. Ltd.

     

4.13%, 07/19/27

      1,550       1,683,494  

5.13%, 03/14/28

      2,630       3,001,356  

3.88%, 06/19/29

      1,290       1,371,593  

3.00%, 09/22/30

      1,470       1,464,487  

Lenovo Group Ltd., 3.42%, 11/02/30

      2,210       2,311,583  

Nan Fung Treasury III Ltd., 5.00%(n)

      1,684       1,712,207  

Nan Fung Treasury Ltd., 3.63%, 08/27/30

      760       783,180  

Nanyang Commercial Bank Ltd., (5 year CMT + 2.18%), 3.80%, 11/20/29(a)

      2,470       2,560,772  

Vanke Real Estate Hong Kong Co. Ltd., 3.98%, 11/09/27

      4,060       4,365,261  

Wanda Group Overseas Ltd., 8.88%, 03/21/23

      1,560       1,419,405  

Westwood Group Holdings Ltd., 2.80%, 01/20/26

      2,390       2,430,391  

Yango Justice International Ltd.

     

9.25%, 04/15/23

      2,278       2,181,612  

7.88%, 09/04/24

      1,423       1,259,355  

Yanlord Land HK Co. Ltd., 5.13%, 05/20/26

      1,139       1,139,000  
     

 

 

 
        41,619,385  
India — 0.1%                  

Bharat Petroleum Corp. Ltd., 4.00%, 05/08/25

      760       808,458  

GMR Hyderabad International Airport Ltd.

     

5.38%, 04/10/24

      1,139       1,156,299  

4.25%, 10/27/27

      996       947,009  

Hindustan Petroleum Corp. Ltd., 4.00%, 07/12/27

      3,230       3,432,481  

HPCL-Mittal Energy Ltd., 5.45%, 10/22/26

      569       588,310  

ICICI Bank Ltd./Dubai, 3.80%, 12/14/27

      3,840       4,173,120  

Indian Railway Finance Corp. Ltd.

     

3.25%, 02/13/30

      3,260       3,314,605  

2.80%, 02/10/31

      760       738,127  

JSW Steel Ltd., 5.38%, 04/04/25

      1,138       1,187,645  

Muthoot Finance Ltd., 6.13%, 10/31/22(b)

      1,892       1,951,480  

NTPC Ltd., 4.25%, 02/26/26

      3,840       4,149,120  

Oil India Ltd., 5.13%, 02/04/29

      2,710       3,072,124  

Power Finance Corp. Ltd.

     

6.15%, 12/06/28

      760       900,505  

4.50%, 06/18/29

      2,840       3,041,107  
 

 

 

16  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
India (continued)                  

REI Agro Ltd.(e)(m)

     

5.50%, 11/13/21

    USD                44,430     $ 427,150  

5.50%, 11/13/21(d)

      8,271       1  

ReNew Power Pvt Ltd., 5.88%, 03/05/27

      1,423       1,494,862  

ReNew Power Synthetic, 6.67%, 03/12/24

      569       589,626  

Vedanta Resources Finance II PLC, 13.88%, 01/21/24

      1,139       1,199,367  
     

 

 

 
               33,171,396  
Indonesia — 0.1%                  

Global Prime Capital Pte Ltd., 5.95%, 01/23/25

      1,139       1,175,519  

Medco Oak Tree Pte Ltd., 7.38%, 05/14/26

      1,139       1,210,401  

Pelabuhan Indonesia II PT, 5.38%, 05/05/45

      2,310       2,754,386  

Pertamina Persero PT

     

3.65%, 07/30/29

      2,285       2,446,093  

6.50%, 05/27/41

      1,920       2,508,000  

6.00%, 05/03/42

      2,100       2,587,988  

6.45%, 05/30/44

      1,760       2,300,980  

Perusahaan Perseroan Persero PT Perusahaan Listrik Negara

     

5.45%, 05/21/28

      1,500       1,743,094  

5.38%, 01/25/29

      2,710       3,133,437  

5.25%, 10/24/42

      2,250       2,530,969  

5.25%, 05/15/47

      1,200       1,348,350  

Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33

      429       486,241  

Theta Capital Pte Ltd., 8.13%, 01/22/25

      1,139       1,144,553  
     

 

 

 
        25,370,011  
Isle of Man — 0.0%                  

AngloGold Ashanti Holdings PLC, 3.75%, 10/01/30

      870       900,885  

Gohl Capital Ltd., 4.25%, 01/24/27

      719       761,363  
     

 

 

 
        1,662,248  
Israel(b) — 0.0%                  

Bank Leumi Le-Israel BM, (5 year CMT + 1.63%), 3.28%, 01/29/31(a)

      1,790       1,824,681  

Energean Israel Finance Ltd., 4.88%, 03/30/26

      957       978,522  

Leviathan Bond Ltd., 5.75%, 06/30/23

      894       931,370  
     

 

 

 
        3,734,573  
Italy(b) — 0.1%                  

Forno d’Asolo SpA, (3 mo. EURIBOR + 5.50%), 5.50%, 04/30/27(a)

    EUR       21,390       24,592,361  

Marcolin SpA, 6.13%, 11/15/26

      10,346       12,509,191  
     

 

 

 
        37,101,552  
Japan — 0.0%                  

Nissan Motor Co. Ltd., 3.52%, 09/17/25(b)

    USD       1,964       2,106,017  
     

 

 

 
Jersey — 0.0%                  

Wheel Bidco Ltd., 6.75%, 07/15/26(b)

    GBP       4,123       5,738,710  
     

 

 

 
Kuwait — 0.0%                  

NBK Tier 1 Financing Ltd., (6 year USD Swap + 2.88%),
3.63%(a)(b)(n)

    USD       2,192       2,193,370  
     

 

 

 
Luxembourg — 0.3%                  

Atento Luxco 1 SA, 8.00%, 02/10/26(b)

      630       693,977  

FEL Energy VI Sarl, 5.75%, 12/01/40

      1,168       1,233,946  

Garfunkelux Holdco 3 SA(b)

     

6.75%, 11/01/25

    EUR       4,916       6,050,019  

7.75%, 11/01/25

    GBP       8,358       12,054,845  

Gol Finance SA, 8.00%, 06/30/26(b)

    USD       2,442       2,408,422  
Security         

Par

(000)

    Value  
Luxembourg (continued)                  

Herens Midco Sarl, 5.25%, 05/15/29(b)

    EUR       12,016     $        13,787,869  

Intelsat Jackson Holdings SA, 8.00%, 02/15/24(b)

    USD                22,270       22,993,775  

Kenbourne Invest SA, 4.70%, 01/22/28(b)

      570       570,000  

MC Brazil Downstream Trading SARL, 7.25%, 06/30/31(b)

      1,845       1,918,247  

Millicom International Cellular SA, 4.50%, 04/27/31(b)

      493       512,720  

Picard Bondco SA, 5.38%, 07/01/27(b)

    EUR       8,380       10,028,249  

Puma International Financing SA, 5.00%, 01/24/26(b)

    USD       792       790,664  

Sani/Ikos Financial Holdings 1 Sarl, 5.63%, 12/15/26(b)

    EUR       8,042       9,530,278  

Simpar Europe SA, 5.20%, 01/26/31(b)

    USD       2,358       2,407,813  
     

 

 

 
        84,980,824  
Macau — 0.0%                  

Champion Path Holdings Ltd.

     

4.50%, 01/27/26

      1,139       1,161,780  

4.85%, 01/27/28

      1,138       1,164,529  

Studio City Finance Ltd., 5.00%, 01/15/29

      1,708       1,692,308  

Wynn Macau Ltd., 5.50%, 01/15/26

      1,708       1,761,375  
     

 

 

 
        5,779,992  
Malaysia — 0.0%                  

TNB Global Ventures Capital Bhd, 4.85%, 11/01/28.

      4,650       5,493,684  
     

 

 

 
Mauritius — 0.1%                  

HTA Group Ltd., 7.00%, 12/18/25(b)

      3,363       3,571,506  

India Cleantech Energy, 4.70%, 08/10/26

      790       790,000  

India Green Energy Holdings, 5.38%, 04/29/24(b)

      1,411       1,472,731  

India Green Power Holdings, 4.00%, 02/22/27

      996       990,273  

Network i2i Ltd., (5 year CMT + 4.27%), 5.65%(a)(n)

      2,562       2,692,182  

UPL Corp. Ltd.

     

4.50%, 03/08/28

      2,990       3,215,745  

4.63%, 06/16/30

      2,990       3,229,761  

(5 year CMT + 3.87%), 5.25%(a)(n)

      968       982,399  
     

 

 

 
        16,944,597  
Mexico — 0.1%                  

Alfa SAB de CV, 6.88%, 03/25/44(b)

      1,108       1,477,656  

Cemex SAB de CV

     

5.45%, 11/19/29

      1,266       1,387,853  

3.88%, 07/11/31(b)

      484       497,576  

Controladora Mabe SA de CV, 5.60%, 10/23/28(b)

      1,576       1,841,162  

Cydsa SAB de CV, 6.25%, 10/04/27(b)

      1,164       1,208,960  

Grupo Axo SAPI de CV, 5.75%, 06/08/26(b)

      1,132       1,136,811  

Grupo Bimbo SAB de CV, (5 year CMT + 3.28%), 5.95%(a)(b)(n)

      1,738       1,830,657  

Mexico City Airport Trust, 5.50%, 07/31/47

      1,194       1,205,940  

Operadora de Servicios Mega SA de CV Sofom ER, 8.25%, 02/11/25(b)

      2,402       2,420,465  

Petroleos Mexicanos

     

6.50%, 03/13/27

      3,535       3,743,565  

6.35%, 02/12/48

      1,675       1,428,984  

Trust Fibra Uno, 5.25%, 01/30/26(b)

      863       967,639  
     

 

 

 
        19,147,268  
Morocco — 0.0%                  

OCP SA, 3.75%, 06/23/31(b)

      980       992,556  
     

 

 

 
 

 

 

  17


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
MultiNational — 0.0%                  

Connect Finco Sarl/Connect US Finco LLC, 6.75%, 10/01/26(b)

    USD                     890     $ 935,613  

JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 6.50%, 04/15/29(b)

      832       931,848  

Mongolian Mining Corp/Energy Resources LLC, 9.25%, 04/15/24

      2,199       1,905,296  
     

 

 

 
        3,772,757  
Netherlands — 0.1%                  

Embraer Netherlands Finance BV, 6.95%, 01/17/28(b)

      2,110       2,380,080  

Equate Petrochemical BV, 2.63%, 04/28/28(b)

      733       740,559  

Greenko Dutch BV, 3.85%, 03/29/26

      3,400       3,419,762  

Minejesa Capital BV

     

4.63%, 08/10/30

      900       951,005  

5.63%, 08/10/37

      2,400       2,608,950  

Titan Holdings II BV, 5.13%, 07/15/29(b)

    EUR       6,277       7,577,884  

VEON Holdings BV, 4.00%, 04/09/25(b)

    USD       1,168       1,228,225  

Vivo Energy Investments BV, 5.13%, 09/24/27(b)

      1,960       2,081,030  
     

 

 

 
               20,987,495  
Oman — 0.0%                  

OQ SAOC, 5.13%, 05/06/28(b)

      1,189       1,189,372  
     

 

 

 
Panama — 0.0%                  

Avianca Holdings SA, (10.00% Cash or 12.00% PIK), 12.15%, 11/10/21(k)

      821       821,442  

Banistmo SA, 3.65%, 09/19/22

      1,016       1,030,160  

Carnival Corp., 11.50%, 04/01/23(b)

      725       817,438  
     

 

 

 
        2,669,040  
Paraguay — 0.0%                  

Frigorifico Concepcion SA, 7.70%, 07/21/28(b)

      950       979,687  
     

 

 

 
Peru — 0.0%                  

Inkia Energy Ltd., 5.88%, 11/09/27

      2,380       2,410,196  

InRetail Consumer, 3.25%, 03/22/28(b)

      940       924,678  
     

 

 

 
        3,334,874  
S.Georgia/S.San — 0.0%                  

Credit Suisse Group Guernsey VII Ltd., Series AR, 3.00%, 11/12/21(b)(d)(o)

    CHF       4,800       5,592,449  
     

 

 

 
Saudi Arabia(b) — 0.0%                  

Arabian Centres Sukuk II Ltd., 5.63%, 10/07/26

    USD       2,318       2,399,130  

Saudi Arabian Oil Co., 2.25%, 11/24/30

      2,519       2,489,024  
     

 

 

 
        4,888,154  
Singapore — 0.1%                  

ABJA Investment Co. Pte Ltd., 5.45%, 01/24/28

      1,200       1,267,488  

BOC Aviation Ltd., 3.50%, 09/18/27

      2,560       2,740,506  

BPRL International Singapore Pte Ltd., 4.38%, 01/18/27

      2,990       3,193,111  

Continuum Energy Levante SR SECURED REGS 02/27 4.5, 4.50%, 02/09/27

      996       999,610  

Continuum Energy Levanter Pte Ltd., 4.50%, 02/09/27(b)

      954       957,458  

DBS Group Holdings Ltd., (5 year CMT + 1.92%), 3.30%(a)(n)

      2,370       2,438,137  

GLP Pte Ltd., (5 year CMT + 3.74%), 4.50%(a)(n)

      1,281       1,274,595  

LLPL Capital Pte Ltd., 6.88%, 02/04/39

      1,405       1,646,768  

LMIRT Capital Pte Ltd., 7.50%, 02/09/26

      1,139       1,130,813  

Medco Platinum Road Pte Ltd., 6.75%, 01/30/25

      1,138       1,174,487  

Oil India International Pte Ltd., 4.00%, 04/21/27

      760       807,643  
Security         

Par

(000)

    Value  
Singapore (continued)                  

ONGC Videsh Vankorneft Pte Ltd., 3.75%, 07/27/26

    USD                  3,910     $ 4,171,188  

Puma International Financing SA, 5.13%, 10/06/24(b)

      2,480       2,483,875  

TML Holdings Pte Ltd., 4.35%, 06/09/26

      1,139       1,117,644  
     

 

 

 
               25,403,323  
South Africa — 0.0%                  

Sasol Financing USA LLC, 6.50%, 09/27/28

      1,127       1,254,140  
     

 

 

 
South Korea — 0.0%                  

Kookmin Bank

     

2.50%, 11/04/30

      2,710       2,745,311  

(5 year CMT + 2.64%), 4.35%(a)(n)

      2,310       2,433,874  

Shinhan Financial Group Co. Ltd., (5 year CMT + 2.06%), 2.88%(a)(n)

      1,550       1,533,047  

SK Hynix, Inc., 2.38%, 01/19/31

      3,160       3,118,383  
     

 

 

 
        9,830,615  
Spain — 0.0%                  

Banco Bilbao Vizcaya Argentaria SA, (5 year USD Swap + 3.87%), 6.13%(a)(n)

      800       867,000  
     

 

 

 
Switzerland — 0.0%                  

Credit Suisse Group AG, (SOFR + 1.73%), 3.09%, 05/14/32(a)(b)

      3,952       4,128,115  
     

 

 

 
Thailand — 0.0%                  

Bangkok Bank PCL, (5 year CMT + 4.73%), 5.00%

      3,000       3,153,450  

GC Treasury Center Co. Ltd.

     

2.98%, 03/18/31

      820       840,654  

4.30%, 03/18/51

      820       884,729  

Krung Thai Bank PCL/Cayman Islands, (5 year CMT + 3.53%), 4.40%(a)(n)

      996       1,009,695  

Thaioil Treasury Center Co. Ltd., 5.38%, 11/20/48

      2,860       3,377,123  
     

 

 

 
        9,265,651  
Turkey — 0.1%                  

Anadolu Efes Biracilik Ve Malt Sanayii AS, 3.38%, 06/29/28(b)

      639       653,377  

Bio City Development Co. BV, 8.00%, 07/06/21(d)(e)(f)(g)(m)

      140,850       11,268,000  
     

 

 

 
        11,921,377  
United Arab Emirates — 0.0%                  

DP World PLC, 6.85%, 07/02/37

      1,510       2,042,558  

MAF Sukuk Ltd., 4.64%, 05/14/29

      2,194       2,474,854  
     

 

 

 
        4,517,412  
United Kingdom — 0.3%                  

Constellation Automotive Financing PLC, 4.88%, 07/15/27(b)

    GBP       3,529       4,906,294  

Deuce Finco PLC, 5.50%, 06/15/27(b)

      14,557       20,172,812  

Inspired Entertainment Financing PLC, 7.88%, 06/01/26(b)

      7,442       10,602,996  

Liquid Telecommunications Financing Plc, 5.50%, 09/04/26(b)

    USD       1,431       1,477,955  

Modulaire Global Finance plc, 6.50%, 02/15/23

    EUR       29,191       35,361,918  

Vedanta Resources Finance II PLC

     

8.00%, 04/23/23

    USD       1,423       1,315,652  

8.95%, 03/11/25(b)

      1,480       1,394,900  

8.95%, 03/11/25

      1,423       1,341,178  
     

 

 

 
        76,573,705  
 

 

 

18  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
United States — 3.3%                  

Acadia Healthcare Co., Inc.(b)

     

5.50%, 07/01/28

    USD       843     $ 898,849  

5.00%, 04/15/29

      702       735,345  

Affinity Gaming, 6.88%, 12/15/27(b)

      2,731       2,895,679  

Air Lease Corp., 3.13%, 12/01/30

      4,842       5,022,783  

Albertsons Cos., Inc./Safeway, Inc./New Albertsons

     

LP/Albertsons LLC, 3.50%, 03/15/29(b)

               12,108              12,229,080  

Allegiant Travel Co., 8.50%, 02/05/24(b)

      19,212       20,652,900  

AMC Networks, Inc.

     

5.00%, 04/01/24

      215       218,225  

4.75%, 08/01/25

      429       439,716  

AMN Healthcare, Inc., 4.00%, 04/15/29(b)

      855       876,375  

Aramark Services, Inc., 5.00%, 02/01/28(b)

      582       604,628  

Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 08/01/29(b)(c)

      1,440       1,443,989  

Avantor Funding, Inc., 4.63%, 07/15/28(b)

      2,229       2,346,022  

Avaya, Inc., 6.13%, 09/15/28(b)

      5,114       5,471,980  

Azul Investments LLP

     

5.88%, 10/26/24

      521       489,349  

7.25%, 06/15/26(b)

      869       814,275  

Bank of America Corp., (SOFR + 1.32%), 2.69%, 04/22/32(a)

      4,751       4,957,805  

Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.63%, 12/15/25(b)

      1,075       1,157,323  

Boyd Gaming Corp., 8.63%, 06/01/25(b)

      1,435       1,564,136  

Bristow Group, Inc., 6.88%, 03/01/28(b)

      4,432       4,550,334  

Broadcom, Inc., 1.95%, 02/15/28(b)

      1,280       1,290,692  

Buckeye Partners LP

     

4.35%, 10/15/24

      1,170       1,225,575  

4.13%, 03/01/25(b)

      5,777       5,988,871  

Caesars Entertainment, Inc.(b)

     

6.25%, 07/01/25

      13,741       14,496,755  

8.13%, 07/01/27

      7,996       8,793,041  

Caesars Resort Collection LLC/CRC Finco, Inc., 5.75%, 07/01/25(b)

      2,783       2,925,629  

Carrier Global Corp., 3.58%, 04/05/50

      4,325       4,810,608  

Carrols Restaurant Group, Inc., 5.88%, 07/01/29(b)

      1,580       1,532,545  

Cedar Fair LP, 5.25%, 07/15/29

      275       279,378  

Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.38%, 04/15/27

      280       285,600  

Centene Corp.

     

4.25%, 12/15/27

      1,367       1,442,185  

2.45%, 07/15/28(c)

      9,035       9,159,231  

Centene Corporation, 2.63%, 08/01/31

      6,045       6,090,337  

Centennial Resource Production LLC, 5.38%, 01/15/26(b)

      575       553,645  

Central American Bottling Corp., 5.75%, 01/31/27

      1,627       1,690,860  

Charter Communications Operating LLC/Charter Communications Operating Capital

     

2.80%, 04/01/31

      7,526       7,807,161  

3.90%, 06/01/52

      5,556       5,755,471  

Cheniere Energy Partners LP, 5.63%, 10/01/26

      612       631,957  

Cheniere Energy, Inc., 4.63%, 10/15/28

      2,320       2,445,698  

Chesapeake Energy Corp.(b)

     

5.50%, 02/01/26

      4,991       5,203,117  

5.88%, 02/01/29

      910       966,875  

Churchill Downs, Inc., 5.50%, 04/01/27(b)

      333       346,247  

Citigroup, Inc.(a)

     

(SOFR + 1.17%), 2.56%, 05/01/32

      3,525       3,645,327  

(SOFR + 3.91%), 4.41%, 03/31/31

      6,453       7,582,117  
Security         

Par

(000)

    Value  
United States (continued)                  

Clean Harbors, Inc., 4.88%, 07/15/27(b)

    USD       294     $ 308,333  

CommScope Technologies LLC, 6.00%, 06/15/25(b)

                 3,460                3,511,900  

CrownRock LP/CrownRock Finance, Inc., 5.63%, 10/15/25(b)

      577       591,425  

CSC Holdings LLC(b)

     

4.13%, 12/01/30

      9,915       9,939,787  

4.63%, 12/01/30

      17,059       16,803,115  

3.38%, 02/15/31

      3,518       3,342,100  

DAE Funding LLC, 3.38%, 03/20/28(b)

      2,392       2,455,537  

Darling Ingredients, Inc., 5.25%, 04/15/27(b)

      280       293,244  

DaVita, Inc.(b)

     

4.63%, 06/01/30

      8,702       8,995,692  

3.75%, 02/15/31

      15,222       14,761,839  

Easy Tactic Ltd., 8.13%, 02/27/23

      569       424,616  

Elanco Animal Health, Inc., 4.91%, 08/27/21

      272       272,490  

Emergent BioSolutions, Inc., 3.88%, 08/15/28(b)

      399       396,506  

Endeavor Energy Resources LP/EER Finance, Inc.(b)

     

5.50%, 01/30/26

      270       278,438  

5.75%, 01/30/28

      506       529,286  

Equinix, Inc., 2.50%, 05/15/31

      2,145       2,225,251  

Forestar Group, Inc.(b)

     

3.85%, 05/15/26

      1,840       1,858,400  

5.00%, 03/01/28

      12,057       12,561,827  

Fresh Market, Inc., 9.75%, 05/01/23(b)

      3,262       3,359,860  

Frontier Communications Holdings LLC

     

5.88%, 10/15/27(b)

      2,170       2,318,970  

5.00%, 05/01/28(b)

      5,269       5,450,201  

6.75%, 05/01/29(b)

      8,434       8,982,210  

5.88%, 11/01/29

      1,137       1,162,576  

Frontier North Inc., 6.73%, 02/15/28

      5,875       6,389,062  

Full House Resorts, Inc., 8.25%, 02/15/28(b)

      838       906,800  

GCI LLC, 4.75%, 10/15/28(b)

      1,436       1,495,235  

General Motors Financial Co., Inc., 2.70%, 08/20/27

      8,499       8,907,561  

Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, 01/15/27

      1,243       1,281,595  

Goldman Sachs Group, Inc., (SOFR + 1.28%), 2.62%, 04/22/32(a)

      10,072       10,438,198  

Great Western Petroleum LLC/Great Western

     

Finance Corp., 12.00%, 09/01/25(b)

      1,148       1,142,260  

Green Plains SPE LLC, 11.75%, 02/09/26(d)

      91,561       91,680,029  

Greenland Global Investment Ltd.

     

5.60%, 11/13/22

      1,620       1,387,429  

5.90%, 02/12/23

      237       201,450  

6.13%, 04/22/23

      635       531,932  

6.75%, 09/26/23

      918       738,302  

Hilton Domestic Operating Co., Inc., 3.63%, 02/15/32(b)

      14,383       14,347,042  

Hilton Worldwide Finance LLC/Hilton Worldwide

     

Finance Corp., 4.88%, 04/01/27

      332       343,627  

Hologic, Inc., 3.25%, 02/15/29(b)

      8,571       8,656,881  

Homes By West Bay LLC, 9.50%, 04/30/27(d)

      19,399       19,036,239  

Howard Hughes Corp.(b)

     

5.38%, 08/01/28

      7,044       7,457,835  

4.13%, 02/01/29

      3,624       3,590,840  

4.38%, 02/01/31

      3,987       3,976,714  

iHeartCommunications, Inc.

     

6.38%, 05/01/26

      431       454,698  

5.25%, 08/15/27(b)

      376       391,920  
 

 

 

  19


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
United States (continued)                  

International Game Technology PLC, 6.50%, 02/15/25(b)

    USD       659     $ 735,309  

IQVIA, Inc., 5.00%, 05/15/27(b)

      613       639,053  

Iron Mountain, Inc.(b)

     

5.25%, 07/15/30

      5,814       6,195,544  

4.50%, 02/15/31

             10,376              10,609,460  

Jaguar Holding Co. II/PPD Development LP, 5.00%, 06/15/28(b)

      738       795,195  

JBS USA Food Co., 7.00%, 01/15/26(b)

      564       597,135  

JBS USA LUX SA/JBS USA Finance, Inc., 6.75%, 02/15/28(b)

      532       581,975  

Joseph T Ryerson & Son, Inc., 8.50%, 08/01/28(b)

      612       676,260  

Lamb Weston Holdings, Inc., 4.88%, 11/01/26(b)

      461       475,660  

Legends Hospitality Holding Co. LLC/Legends

     

Hospitality Co-Issuer, Inc., 5.00%, 02/01/26(b)

      443       458,505  

Level 3 Financing, Inc.(b)

     

4.25%, 07/01/28

      17,778       18,100,226  

3.63%, 01/15/29

      9,598       9,323,305  

Lightning eMotors, Inc., 7.50%, 05/15/24(b)(o)

      3,362       2,336,590  

Lions Gate Capital Holdings LLC, 5.50%, 04/15/29(b)

      915       936,686  

Lumen Technologies, Inc.(b)

     

5.13%, 12/15/26

      2,433       2,528,666  

4.00%, 02/15/27

      428       439,770  

5.38%, 06/15/29

      6,577       6,741,425  

Marriott Ownership Resorts, Inc., 6.13%, 09/15/25(b)

      7,348       7,770,510  

Marriott Ownership Resorts, Inc./ILG LLC, 6.50%, 09/15/26

      145       150,374  

Masonite International Corp., Class C, 5.38%, 02/01/28(b)

      257       273,384  

Meritor, Inc., 4.50%, 12/15/28(b)

      78       79,849  

MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.

     

5.63%, 05/01/24

      600       649,398  

3.88%, 02/15/29(b)

      3,441       3,523,205  

Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, 05/01/29(b)

      4,686       4,709,430  

Molina Healthcare, Inc., 3.88%, 11/15/30(b)

      1,256       1,329,790  

MPT Operating Partnership LP/MPT Finance Corp., 5.00%, 10/15/27

      778       823,544  

Nationstar Mortgage Holdings,
Inc.(b)

     

5.50%, 08/15/28

      2,103       2,137,174  

5.13%, 12/15/30

      1,219       1,215,952  

New Home Co., Inc., 7.25%, 10/15/25(b)

      2,594       2,759,964  

Nexstar Broadcasting, Inc., 4.75%, 11/01/28(b)

      3,259       3,360,811  

NRG Energy, Inc.

     

5.75%, 01/15/28

      461       489,813  

5.25%, 06/15/29(b)

      377       404,333  

NuStar Logistics LP, 5.75%, 10/01/25

      8,282       9,027,380  

ONEOK Partners LP, 4.90%, 03/15/25

      9,738       10,916,307  

Oracle Corp., 3.95%, 03/25/51

      4,968       5,523,472  

Outfront Media Capital LLC/Outfront Media Capital Corp., 5.00%, 08/15/27(b)

      333       339,660  

Pacific Gas and Electric Co.

     

2.10%, 08/01/27

      2,600       2,529,301  

4.50%, 07/01/40

      3,000       3,028,574  

Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.Issuer, 5.88%, 10/01/28(b)

      1,053       1,124,077  
Security         

Par

(000)

    Value  
United States (continued)                  

Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 4.88%, 05/15/29(b)

    USD                6,590     $          6,738,275  

Parsley Energy LLC/Parsley Finance Corp., 5.63%, 10/15/27(b)

      390       420,225  

Party City Holdings, Inc., 8.75%, 02/15/26(b)

      1,845       1,953,338  

Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance, Inc., 8.50%, 11/15/27(b)

      2,506       2,700,215  

Periama Holdings LLC, 5.95%, 04/19/26

      1,139       1,202,562  

PG&E Corp.

     

5.00%, 07/01/28

      10,471       10,196,136  

5.25%, 07/01/30

      1,069       1,043,611  

Pilgrim’s Pride Corp., 5.88%, 09/30/27(b)

      478       511,470  

Pitney Bowes, Inc.(b)

     

6.88%, 03/15/27

      5,678       6,029,355  

7.25%, 03/15/29

      5,595       6,001,477  

Playtika Holding Corp., 4.25%, 03/15/29(b)

      2,097       2,091,757  

Quicken Loans LLC, 5.25%, 01/15/28(b)

      499       525,198  

Quicken Loans LLC/Quicken Loans Co.Issuer, Inc., 3.88%, 03/01/31(b)

      8,914       9,090,542  

Quicken Loans LLC/Quicken Loans Co-Issuer, Inc., 3.63%, 03/01/29(b)

      11,371       11,399,427  

Radiate Holdco LLC/Radiate Finance, Inc., 4.50%, 09/15/26(b)

      2,568       2,657,906  

Rattler Midstream LP, 5.63%, 07/15/25(b)

      1,675       1,745,819  

Renewable Energy Group, Inc., 5.88%, 06/01/28(b)

      1,011       1,053,968  

Sabre GLBL, Inc., 9.25%, 04/15/25(b)

      3,470       4,059,900  

Sasol Financing USA LLC

     

4.38%, 09/18/26

      953       972,298  

5.50%, 03/18/31

      1,283       1,337,928  

Scenery Journey Ltd., 13.00%, 11/06/22

      2,733       1,065,870  

SeaWorld Parks & Entertainment, Inc., 9.50%, 08/01/25(b)

      883       953,640  

Select Medical Corp., 6.25%, 08/15/26(b)

      19,564       20,683,452  

Service Properties Trust

     

5.00%, 08/15/22

      11,857       12,016,951  

4.50%, 06/15/23

      8,652       8,846,670  

7.50%, 09/15/25

      1,185       1,336,087  

Sirius XM Radio, Inc.(b)

     

5.00%, 08/01/27

      836       873,620  

5.50%, 07/01/29

      702       768,795  

4.13%, 07/01/30

      6,948       7,168,113  

Six Flags Entertainment Corp., 4.88%, 07/31/24(b)

      543       545,715  

SK Battery America, Inc., 2.13%, 01/26/26

      3,100       3,086,391  

SM Energy Co., 10.00%, 01/15/25(b)

      5,648       6,283,400  

SRS Distribution, Inc., 4.63%, 07/01/28(b)

      1,070       1,091,400  

Standard Industries, Inc., 5.00%, 02/15/27(b)

      257       265,031  

Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29(b)

      578       613,403  

Sunoco LP/Sunoco Finance Corp.

     

6.00%, 04/15/27

      332       346,525  

4.50%, 05/15/29

      1,259       1,287,327  

Talen Energy Supply LLC, 7.63%, 06/01/28(b)

      8,340       7,608,749  

Targa Resources Partners LP/Targa Resources Partners Finance Corp.

     

5.88%, 04/15/26

      558       583,808  

5.38%, 02/01/27

      279       289,114  

6.50%, 07/15/27

      450       488,813  

6.88%, 01/15/29

      456       512,131  
 

 

 

20  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
United States (continued)                  

Targa Resources Partners LP/Targa Resources Partners Finance Corp. (continued)

     

4.00%, 01/15/32(b)

    USD                10,587     $ 10,943,888  

TEGNA, Inc., 4.75%, 03/15/26(b)

      1,957       2,076,866  

Teleflex, Inc., 4.63%, 11/15/27

      275       290,045  

Tenet Healthcare Corp.(b)

     

4.63%, 09/01/24

      328       335,380  

4.88%, 01/01/26

      1,131       1,167,757  

6.25%, 02/01/27

      844       878,815  

4.63%, 06/15/28

      805       833,074  

4.25%, 06/01/29

      16,833       17,169,660  

Texas Capital Bank NA, (3 mo. LIBOR US + 4.50%), 4.65%, 09/30/24(a)(b)

      11,008       11,050,585  

TransDigm, Inc., 6.25%, 03/15/26(b)

      36,752       38,543,660  

Travel + Leisure Co., 6.63%, 07/31/26(b)

      2,065       2,305,056  

Tri Pointe Homes, Inc., 5.70%, 06/15/28

      332       367,710  

United Airlines Pass-Through Trust, Series 2020-1, Class A, 5.88%, 10/15/27

      19,575       21,775,471  

United Rentals North America, Inc.

     

5.50%, 05/15/27

      569       598,161  

4.88%, 01/15/28

      906       956,736  

United Shore Financial Services LLC, 5.50%, 11/15/25(b)

      10,584       10,867,651  

UnitedHealth Group, Inc., 3.25%, 05/15/51

      2,214       2,442,507  

US Concrete, Inc., 5.13%, 03/01/29(b)

      739       807,358  

Verizon Communications, Inc.

     

3.55%, 03/22/51

      3,072       3,342,391  

3.70%, 03/22/61

      3,224       3,561,479  

VICI Properties LP/VICI Note Co., Inc.(b)

     

3.50%, 02/15/25

      3,730       3,795,126  

3.75%, 02/15/27

      3,595       3,698,356  

4.13%, 08/15/30

      4,285       4,506,706  

Vistra Operations Co. LLC(b)

     

5.63%, 02/15/27

      11,250       11,671,875  

5.00%, 07/31/27

      721       744,433  

Weekley Homes LLC/Weekley Finance Corp., 4.88%, 09/15/28(b)

      3,022       3,125,262  

William Carter Co., 5.63%, 03/15/27(b)

      281       293,996  

Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/28(b)

      887       916,883  

Xerox Holdings Corp., 5.00%, 08/15/25(b)

      2,184       2,327,707  

XHR LP(b)

     

6.38%, 08/15/25

      8,099       8,637,098  

4.88%, 06/01/29

      1,000       1,021,940  

Zayo Group Holdings, Inc., 4.00%, 03/01/27(b)

      1,520       1,512,400  
     

 

 

 
        891,846,477  
Vietnam — 0.0%                  

Mong Doung Finacial Holdings BV, 5.13%, 05/07/29

      2,277       2,247,541  
     

 

 

 

Total Corporate Bonds — 6.9%
(Cost: $2,097,105,689)

          1,876,926,643  
     

 

 

 
Security         

Par

(000)

    Value  

Floating Rate Loan Interests(a)

 

Canada — 0.2%                  

Great Canadian Gaming Corp., Term Loan, 11/01/26(p)

    USD       1,576     $ 1,575,023  

Knowlton Development Corp. Inc., 2020 EUR Term Loan B, (EURIBOR + 5.00%), 5.00%, 12/22/25

    EUR                23,359              27,771,509  

Valeant Pharmaceuticals International, Inc., 2018 Term Loan B, (1 mo. LIBOR + 3.00%), 3.09%, 06/02/25

    USD       11,309       11,224,734  
     

 

 

 
        40,571,266  
Cayman Islands — 0.0%                  

Vita Global Finco Ltd., Term Loan B, 04/23/27(d)(p)

    EUR       8,834       10,335,984  
     

 

 

 
France — 0.1%                  

Babilou Group, 2021 EUR Term Loan B, (EURIBOR + 4.25%), 4.25%, 11/30/27

      26,693       31,684,506  
     

 

 

 
Luxembourg — 0.3%                  

Jazz Financing Lux Sarl, USD Term Loan, (1 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 05/05/28

    USD       16,624       16,639,972  

Luxembourg Life Fund(d)

     

2021 1st Lien Term Loan, (3 mo. LIBOR + 9.25%), 9.25%, 05/27/26

      12,811       12,682,890  

2021 Term Loan, (3 mo. LIBOR + 9.25%), 9.38%, 04/01/23

      16,777       16,693,115  

Pronovias SL(d)

     

EUR Term Loan B1, (EURIBOR + 4.50%), 4.50%, 10/02/24

    EUR       7,864       6,296,537  

EUR Term Loan B3, (EURIBOR + 4.50%), 4.50%, 10/02/24.

      19,852       15,896,172  
     

 

 

 
        68,208,686  
Netherlands — 0.2%                  

Stars Group Holdings BV, 2018 USD Incremental Term Loan, (3 mo. LIBOR + 2.25%), 2.40%, 07/21/26

    USD       18,992       18,843,910  

Ziggo BV, 2019 EUR Term Loan H, (EURIBOR + 3.00%), 3.00%, 01/31/29

    EUR       39,844       46,704,891  
     

 

 

 
        65,548,801  
United Kingdom(p) — 0.2%                  

Constellation Automative Ltd. GBP 2L TLB, 06/30/29

    GBP       4,151       5,751,892  

GVC Holdings (Gibraltar) Limited, 2021 USD Term Loan B4, 03/16/27

    USD       9,320       9,281,135  

Mercia GBP Term Loan A1, 04/09/26

    GBP       19,526       27,099,894  

Mercia GBP Term Loan A2, 04/09/26

      9,465       13,136,650  

Mercia GBP Term Loan B1, 04/09/26(d)

      1,099       1,522,025  
     

 

 

 
        56,791,596  
United States — 1.9%                  

ACProducts Holdings, Inc., 2021 Term Loan B, (6 mo. LIBOR + 4.25%, 0.50% Floor), 4.75%, 05/05/28

    USD       8,129       8,069,333  

Aimbridge Acquisition Co., Inc., 2020 Incremental Term Loan B, (1 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 02/02/26

      9,257       9,176,164  
 

 

 

  21


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
United States (continued)                  

American Rock Salt Company LLC, 2021 Term Loan, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 06/04/28

    USD                  2,110     $          2,110,886  

Applied Systems, Inc., 2017 1st Lien Term Loan, (3 mo. LIBOR + 3.25%, 0.50% Floor), 3.77%, 09/19/24

      1,691       1,684,473  

Athenahealth, Inc., 2021 Term Loan B1, (3 mo. LIBOR + 4.25%), 4.41%, 02/11/26

      2,656       2,653,022  

Avantor, Inc., 2021 Term Loan B5, (1 mo. LIBOR + 2.25%, 0.50% Floor), 2.75%, 11/08/27

      1,845       1,837,315  

Avaya, Inc.

     

2020 Term Loan B, (1 mo. LIBOR + 4.25%), 4.34%, 12/15/27.

      4,157       4,161,696  

2021 Term Loan B2, (1 mo. LIBOR + 4.00%), 4.09%, 12/15/27.

      3,155       3,153,296  

Cablevision Lightpath LLC, Term Loan B, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 11/30/27

      2,367       2,358,828  

Caesars Resort Collection LLC, 2020 Term Loan B1, (1 mo. LIBOR + 4.50%), 4.59%, 07/21/25

      4,347       4,347,150  

City Brewing Co. LLC, Closing Date Term Loan, (3 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 04/05/28

      4,211       4,174,154  

Columbus McKinnon Corp., 2021 Term Loan B, (3 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 05/14/28(d)

      1,023       1,017,885  

Conair Holdings LLC, Term Loan B, (3 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 05/17/28

      2,373       2,365,596  

Cypher Bidco, (EURIBOR + 4.50%), 5.00%, 03/01/28(d)

    EUR       19,970       21,943,405  

DirecTV Financing, LLC, Term Loan, 0.00%, 07/22/27

    USD       8,445       8,424,985  

DT Midstream, Inc, Term Loan B, 06/26/28(p)

      7,103       7,081,407  

Dun & Bradstreet Corp., Term Loan, (1 mo. LIBOR + 3.25%), 3.34%, 02/06/26

      4,123       4,086,147  

ECL Entertainment LLC, Term Loan, (1 mo. LIBOR + 7.50%, 0.75% Floor), 8.25%, 03/31/28(d)

      6,506       6,619,855  

Flexera Software LLC, 2020 Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 03/03/28

      2,809       2,808,471  

Foundation Building Materials Holding Company LLC, 2021 Term Loan, (3 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 02/03/28

      2,498       2,466,967  

Frontier Communications Corp., 2021 DIP Term Loan B, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 05/01/28

      6,439       6,426,822  

Galaxy Universal LLC, Term Loan, (3 mo. LIBOR + 7.00%, 1.00% Floor), 7.15%, 12/29/26(d)

      9,055       9,054,536  

Gentiva Health Services, Inc., 2020 Term Loan, (1 mo. LIBOR + 2.75%), 2.88%, 07/02/25

      7,734       7,700,285  

Granite Acquisition, Inc., 2021 Term Loan B, (3 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 03/24/28

      2,048       2,037,760  

Green Plains Operating Company LLC, Term Loan, 07/20/26(p)

      15,919       15,919,000  

HCRX Investments Holdco LP, Term Loan B, 07/14/28(p)

      4,526       4,504,773  

Herschend Entertainment Co. LLC, Term Loan B, (3 mo. LIBOR + 5.75%, 1.00% Floor), 6.75%, 08/25/25(d)

      11,093       11,176,371  

Hertz Corporation(p)

     

2021 Term Loan B, 06/14/28

      6,325       6,283,658  
Security         

Par

(000)

    Value  
United States (continued)                  

Hertz Corporation(p) (continued)

     

2021 Term Loan C, 06/14/28

    USD                  1,192     $          1,184,228  

Hilton Grand Vacations LLC, 2021 Term Loan, 05/19/28(p)

      11,464       11,418,144  

Hilton Worldwide Finance LLC, 2019 Term Loan B2, (1 mo. LIBOR + 1.75%), 1.84%, 06/22/26

      19,245       18,996,432  

Informatica LLC, 2020 USD Term Loan B, (1 mo. LIBOR + 3.25%), 3.34%, 02/25/27

      10,453       10,327,932  

IRB Holding Corp, 2020 Fourth Amendment Incremental Term Loan, (3 mo. LIBOR + 3.25%, 1.00% Floor), 4.25%, 12/15/27

      10,538       10,494,624  

ITT Holdings LLC, 2021 Term Loan, (1 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 07/30/28

      3,234       3,217,830  

J&J Ventures Gaming LLC, Term Loan, (1 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 04/07/28(d)

      7,112       7,129,780  

Jeld-Wen Inc., 2021 Term Loan B, 07/14/28(p)

      7,346       7,332,263  

Jo-Ann Stores, Inc., 2021 Term Loan B1, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 07/07/28

      3,620       3,600,995  

LBM Acquisition LLC

     

2021 Incremental Delayed Draw Term Loan B2, 12/17/27(p)

      4,755       4,687,622  

2021 Incremental Term Loan B2, 12/17/27(p)

      9,510       9,375,243  

Term Loan B, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/17/27

      3,754       3,716,857  

Leslie’s Poolmart, Inc., 2021 Term Loan B, (3 mo. LIBOR + 2.75%, 0.50% Floor), 3.25%, 03/04/28

      7,911       7,858,009  

LogMeIn, Inc., Term Loan B, (1 mo. LIBOR + 4.75%), 4.85%, 08/31/27

      9,550       9,506,352  

McAfee LLC, 2018 USD Term Loan B, (1 mo. LIBOR + 3.75%), 3.84%, 09/30/24

      2,807       2,803,129  

Metronet Systems Holdings LLC, 2021 1st Lien Term Loan, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 05/26/28

      2,447       2,443,680  

Michaels Companies, Inc., 2021 Term Loan B, (1 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 04/15/28

      2,875       2,875,000  

Opendoor GP II LLC, Term Loan, (UNFND), 3.33%, 01/23/26(d)

      23,865       23,865,000  

Organon Finance 1 LLC, USD Term Loan, (3 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 06/02/28

      8,880       8,852,294  

Pacific Gas & Electric Co., 2020 Term Loan, (3 mo. LIBOR + 3.00%, 0.50% Floor), 3.50%, 06/23/25

      5,996       5,836,505  

Park River Holdings, Inc., Term Loan, (3 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 12/28/27

      5,963       5,902,351  

Peraton Holding Corp.

     

2nd Lien Term Loan B1, (1 mo. LIBOR + 7.75%, 0.75% Floor), 8.50%, 02/01/29

      1,749       1,775,235  

Term Loan B, (1 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 02/01/28

      4,011       4,004,638  

Playtika Holding Corp., 2021 Term Loan, (1 mo. LIBOR + 2.75%), 2.84%, 03/13/28

      15,958       15,828,426  

Project Ruby Ultimate Parent Corp., 2021 Term Loan, (1 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 03/03/28

      11,298       11,228,656  

Proof Point, Inc., 1st Lien Term Loan, 06/09/28(p)

      2,556       2,529,162  

RealPage, Inc., 1st Lien Term Loan, (1 mo. LIBOR + 3.25%, 0.50% Floor), 3.75%, 04/24/28

      6,695       6,649,809  
 

 

 

22  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
United States (continued)                  

Redstone Buyer LLC

     

2021 2nd Lien Delayed Draw Term Loan, 04/27/29(p)

    USD                  2,468     $          2,424,827  

2021 2nd Lien Term Loan, (3 mo. LIBOR + 7.75%, 0.75% Floor), 8.50%, 04/27/29

      4,304       4,228,663  

2021 Term Loan, (3 mo. LIBOR + 4.75%, 0.75% Floor), 5.50%, 04/27/28

      8,968       8,895,239  

SCIH Salt Holdings, Inc., 2021 Incremental Term Loan B, (3 mo. LIBOR + 4.00%, 0.75% Floor), 4.75%, 03/16/27

      9,447       9,440,166  

Select Medical Corp., 2017 Term Loan B, (1 mo. LIBOR + 2.25%), 2.35%, 03/06/25

      1,854       1,825,302  

Shearer’s Foods, Inc., 2021 Term Loan, (3 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 09/23/27

      3,768       3,763,399  

Sheraton Austin, CML Term Loan, (3 mo. LIBOR + 3.48%), 3.61%, 06/01/26

      18,180       18,180,000  

Signal Parent, Inc, Term Loan B, (1 mo. LIBOR + 3.50%, 0.75% Floor), 4.25%, 04/03/28(d)

      6,030       5,909,400  

Sovos Brands Intermediate, Inc., 2021 Term Loan, (3 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 06/08/28

      1,787       1,786,806  

SRS Distribution, Inc., 2021 Term Loan B, (3 mo. LIBOR + 3.75%, 0.50% Floor), 4.25%, 06/02/28

      9,360       9,287,834  

Starwood Property Trust, Inc., 06/09/26(d)(p)

      15,628       15,550,101  

Surf Holdings, LLC, USD Term Loan, (3 mo. LIBOR + 3.50%), 3.63%, 03/05/27

      8,469       8,372,512  

The Enterprise Development Authority, Term Loan B, (1 mo. LIBOR + 4.25%, 0.75% Floor), 5.00%, 02/18/28(d)

      13,950       13,950,413  

Tory Burch LLC, Term Loan B, (1 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 04/14/28

      3,299       3,275,907  

Triton Water Holdings, Inc, Term Loan, (3 mo. LIBOR + 3.50%, 0.50% Floor), 4.00%, 03/31/28

      5,880       5,831,490  

Ultimate Software Group, Inc., 2021 Incremental Term Loan, (3 mo. LIBOR + 3.25%, 0.75% Floor), 4.00%, 05/04/26

      4,494       4,489,246  

Univision Communications, Inc., 05/05/28(p)

      4,785       4,767,822  

VS Buyer LLC, Term Loan B, (1 mo. LIBOR + 3.00%), 3.09%, 02/28/27

      4,869       4,819,878  

Western Digital Corp., 2018 Term Loan B4, (1 mo. LIBOR + 1.75%), 1.84%, 04/29/23

      1,911       1,909,861  

White Cap Buyer LLC, Term Loan B, (1 mo. LIBOR + 4.00%, 0.50% Floor), 4.50%, 10/19/27

      16,589       16,588,647  

Woof Holdings, Inc., 1st Lien Term Loan, (3 mo. LIBOR + 3.75%, 0.75% Floor), 4.50%, 12/21/27

      1,849       1,843,096  
     

 

 

 
        514,225,045  
     

 

 

 

Total Floating Rate Loan Interests — 2.9%
(Cost: $786,062,897)

        787,365,884  
     

 

 

 

Foreign Agency Obligations

 

Argentina — 0.2%                  

Argentine Republic Government International Bond

     

1.00%, 07/09/29

      3,751       1,434,634  

0.50%, 07/09/30(q)

      35,805       12,961,496  

1.13%, 07/09/35(q)

      44,033       14,244,894  
Security         

Par

(000)

    Value  
Argentina (continued)                  

Argentine Republic Government International Bond (continued)

     

2.00%, 01/09/38(q)

    USD                14,865     $ 5,849,267  

2.50%, 07/09/41(q)

      5,399                  2,015,514  
     

 

 

 
        36,505,805  
Bahrain — 0.0%                  

Bahrain Government International Bond

     

6.75%, 09/20/29

      3,340       3,615,133  

5.25%, 01/25/33(b)

      1,245       1,195,589  
     

 

 

 
        4,810,722  
Brazil — 1.0%                  

Brazil Letras do Tesouro Nacional, 0.00%, 07/01/24(l)

    BRL       1,504,826       228,058,418  

Brazil Notas do Tesouro Nacional, Series F, 10.00%, 01/01/27

      214,393       42,645,446  
     

 

 

 
        270,703,864  
China — 3.1%                  

China Government Bond

     

3.29%, 05/23/29

    CNY       1,474,930       234,221,854  

2.68%, 05/21/30

      1,661,800       251,394,017  

3.27%, 11/19/30

      1,529,690       244,040,030  

3.02%, 05/27/31

      734,270       115,191,498  
     

 

 

 
        844,847,399  
Colombia — 0.0%                  

Colombia Government International Bond

     

4.50%, 01/28/26

    USD       1,410       1,533,639  

3.88%, 04/25/27

      1,674       1,771,615  

3.13%, 04/15/31

      2,463       2,409,584  

4.13%, 05/15/51

      400       372,950  
     

 

 

 
        6,087,788  
Dominican Republic — 0.1%                  

Dominican Republic International Bond

     

5.95%, 01/25/27

      3,865       4,334,839  

4.50%, 01/30/30(b)

      2,903       2,971,583  

4.88%, 09/23/32(b)

      2,822       2,927,825  

6.40%, 06/05/49

      1,137       1,235,990  
     

 

 

 
        11,470,237  
Egypt — 0.1%                  

Egypt Government International Bond

     

5.75%, 05/29/24(b)

      2,316       2,458,289  

5.88%, 06/11/25

      3,019       3,208,254  

7.60%, 03/01/29

      3,571       3,869,625  

5.88%, 02/16/31(b)

      380       365,275  

8.50%, 01/31/47(b)

      3,266       3,382,964  

7.50%, 02/16/61(b)

      1,210       1,126,812  
     

 

 

 
        14,411,219  
Ghana(b) — 0.0%                  

Ghana Government International Bond

     

7.75%, 04/07/29

      2,034       2,049,890  

8.63%, 04/07/34

      1,529       1,544,768  
     

 

 

 
        3,594,658  
Greece — 0.2%                  

Hellenic Republic Government Bond, 2.00%, 04/22/27(b)

    EUR       43,908       58,106,965  
     

 

 

 
 

 

 

  23


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
India — 0.0%                  

Export-Import Bank of India

     

3.88%, 02/01/28

    USD                 1,400     $ 1,523,200  

3.25%, 01/15/30

      3,020                3,087,572  
     

 

 

 
        4,610,772  
Indonesia — 0.1%                  

Indonesia Government International Bond

     

4.10%, 04/24/28

      4,349       4,930,135  

8.50%, 10/12/35

      1,500       2,409,188  

6.63%, 02/17/37

      2,250       3,134,953  

7.75%, 01/17/38

      1,950       2,964,975  

Perusahaan Penerbit SBSN Indonesia III

     

4.45%, 02/20/29

      6,020       6,918,485  

2.80%, 06/23/30

      3,010       3,101,805  
     

 

 

 
        23,459,541  
Japan — 0.4%                  

Japan Government Thirty Year Bond, 0.40%, 09/20/49

    JPY       12,458,100       107,681,001  
     

 

 

 
Mexico — 0.6%                  

Mexican Bonos

     

5.75%, 03/05/26

    MXN       1,371,802       66,974,944  

7.75%, 05/29/31

      1,480,069       78,929,252  

Mexico Government International Bond

     

3.75%, 01/11/28

    USD       2,723       2,987,301  

2.66%, 05/24/31

      5,310       5,208,115  
     

 

 

 
        154,099,612  
Mongolia — 0.0%                  

Mongolia Government International Bond, 3.50%, 07/07/27

      1,000       967,813  
     

 

 

 
Morocco(b) — 0.0%                  

Morocco Government International Bond

     

3.00%, 12/15/32

      1,965       1,911,577  

4.00%, 12/15/50

      614       575,625  
     

 

 

 
        2,487,202  
Oman — 0.0%                  

Oman Government International Bond

     

6.50%, 03/08/47

      1,244       1,228,683  

6.75%, 01/17/48

      1,206       1,212,633  
     

 

 

 
        2,441,316  
Pakistan — 0.0%                  

Pakistan Government International Bond

     

6.00%, 04/08/26

      996       1,001,089  

7.38%, 04/08/31

      996       998,600  

Pakistan Water & Power Development Authority, 7.50%, 06/04/31

      1,139       1,126,471  
     

 

 

 
        3,126,160  
Panama — 0.0%                  

Panama Government International Bond

     

3.16%, 01/23/30

      4,494       4,712,521  

4.50%, 04/16/50

      1,893       2,159,558  
     

 

 

 
        6,872,079  
Security         

Par

(000)

    Value  
Paraguay — 0.0%                  

Paraguay Government International Bond, 4.95%, 04/28/31(b)

    USD                  1,292     $          1,483,620  
     

 

 

 
Peru — 0.0%                  

Peruvian Government International Bond

     

2.78%, 01/23/31

      1,889       1,895,848  

1.86%, 12/01/32

      1,895       1,727,766  
     

 

 

 
        3,623,614  
Philippines — 0.0%                  

Philippine Government International Bond

     

6.38%, 01/15/32

      3,160       4,354,480  

6.38%, 10/23/34

      2,890       4,072,732  
     

 

 

 
        8,427,212  
Qatar(b) — 0.0%                  

Qatar Government International Bond

     

4.00%, 03/14/29

      384       443,040  

4.40%, 04/16/50

      646       797,003  
     

 

 

 
        1,240,043  
Romania — 0.0%                  

Romanian Government International Bond, 6.13%, 01/22/44(b)

      1,770       2,425,232  
     

 

 

 
Russia — 0.0%                  

Russian Foreign Bond - Eurobond

     

4.75%, 05/27/26

      1,800       2,047,838  

4.25%, 06/23/27

      2,600       2,910,212  
     

 

 

 
        4,958,050  
Saudi Arabia — 0.0%                  

Saudi Government International Bond, 4.50%, 04/17/30

      3,143       3,715,222  
     

 

 

 
Ukraine — 0.1%                  

Ukraine Government International Bond

     

7.75%, 09/01/23

      2,398       2,569,457  

8.99%, 02/01/24

      2,164       2,384,728  

7.25%, 03/15/33(b)

      3,960       4,077,067  
     

 

 

 
        9,031,252  
Uruguay — 0.0%                  

Uruguay Government International Bond, 5.10%, 06/18/50

      904       1,181,747  
     

 

 

 

Total Foreign Agency Obligations — 5.9%
(Cost: $1,569,796,432)

 

    1,592,370,145  
     

 

 

 
            Shares         

Investment Companies

     
United States — 1.3%                  

Consumer Discretionary Select Sector SPDR Fund

      125,045       22,561,869  

Financial Select Sector SPDR Fund

      174,610       6,376,757  

Industrial Select Sector SPDR Fund

      465,101       48,072,839  

Invesco Senior Loan ETF

      1,801,871       39,695,218  

iShares China Large-Cap ETF(f)(g)

      870,736       35,299,638  
 

 

 

24  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  
United States (continued)                  

iShares iBoxx $ High Yield Corporate Bond ETF(f)(g)

             1,361     $ 119,550  

iShares iBoxx $ Investment Grade Corporate Bond ETF(f)(g)

      27,149              3,692,536  

iShares Latin America 40 ETF(f)(g)

      371,046       11,020,066  

iShares MSCI Brazil ETF(f)(g)

      546,066       20,422,868  

iShares MSCI Emerging Markets ETF(f)(g)

      56,435       2,912,046  

iShares MSCI Japan ETF(f)(g)

      231,405       15,529,590  

iShares Nasdaq Biotechnology
ETF(f)(g)

      19,698       3,265,534  

iShares S&P 500 Value ETF(f)(g)

      227,346       33,831,358  

KraneShares Bosera MSCI China A ETF, Class A

      171,614       7,709,759  

KraneShares CSI China Internet ETF

      582,360       29,385,886  

SPDR Bloomberg Barclays High Yield Bond ETF

      53,105       5,829,336  

SPDR Gold Shares(e)(i)(j)

      301,972       51,280,885  

SPDR S&P Oil & Gas Exploration & Production ETF

      206,841       17,126,435  

United States Oil Fund LP(e)(j)

      115,713       5,862,021  

VanEck Vectors Semiconductor ETF

      29,977       7,888,148  
     

 

 

 

Total Investment Companies — 1.3%
(Cost: $337,051,289)

 

    367,882,339  
     

 

 

 
           

Par

(000)

        

Non-Agency Mortgage-Backed Securities

 

 
United States — 2.0%                  

1211 Avenue of the Americas Trust, Series 2015- 1211, Class D, 4.14%, 08/10/35(a)(b)

    USD       4,330       4,584,580  

Alen 2021-ACEN Mortgage Trust, Series 2021- ACEN, Class D, (1 mo. LIBOR US + 3.10%), 3.19%, 04/15/34(a)(b)

      5,222       5,251,442  

AOA Mortgage Trust, Series 2015-1177, Class C, 3.01%, 12/13/29(a)(b)

      2,924       2,922,900  

Arbor Multifamily Mortgage Securities Trust, 1.75%, 05/15/53(b)

      1,650       1,394,730  

BAMLL Commercial Mortgage Securities Trust 2015-200P, Series 2015-200P, Class D, 3.60%, 04/14/33(a)(b)

      730       772,332  

Bank 2017-BNK8, Series 2017-BNK8, Class B, 3.93%, 11/15/50(a)

      1,551       1,716,635  

Bank 2017-BNK9, Series 2017-BNK9, Class A4, 3.54%, 11/15/54

      1,990       2,230,544  

Bayview Commercial Asset
Trust(a)(b)

     

Series 2005-3A, Class M6, (1 mo. LIBOR US + 1.05%), 1.14%, 11/25/35

      417       396,441  

Series 2006-3A, Class M1, (1 mo. LIBOR US + 0.34%), 0.43%, 10/25/36

      546       518,872  

BBCMS Mortgage Trust(a)(b)

     

Series 2017-DELC, Class E, (1 mo. LIBOR US + 2.50%), 2.59%, 08/15/36

      1,677       1,678,024  

Series 2018-TALL, Class C, (1 mo. LIBOR US + 1.12%), 1.21%, 03/15/37

      4,880       4,788,573  

BBCMS Trust, Series 2019-CLP, Class E, (1 mo. LIBOR US + 2.11%), 2.22%, 12/15/31(a)(b)

      (r)       37  

Beast Mortgage Trust(a)(b)

     

Series 2021-SSCP, Class B, (1 mo. LIBOR US + 1.10%), 1.19%, 04/15/36

      4,655       4,662,440  
Security          

Par

(000)

     Value  
United States (continued)                    

Beast Mortgage Trust(a)(b) (continued)

 

  

Series 2021-SSCP, Class C, (1 mo. LIBOR US + 1.35%), 1.44%, 04/15/36.

    USD               5,803      $        5,812,272  

Series 2021-SSCP, Class D, (1 mo. LIBOR US + 1.60%), 1.69%, 04/15/36.

       5,329        5,337,536  

Series 2021-SSCP, Class E, (1 mo. LIBOR US + 2.10%), 2.19%, 04/15/36.

       4,614        4,621,385  

Series 2021-SSCP, Class F, (1 mo. LIBOR US + 2.90%), 2.99%, 04/15/36.

       4,410        4,421,016  

Series 2021-SSCP, Class G, (1 mo. LIBOR US + 3.80%), 3.89%, 04/15/36.

       4,993        5,005,486  

Series 2021-SSCP, Class H, (1 mo. LIBOR US + 4.90%), 5.00%, 04/15/36.

       3,541        3,549,856  

Benchmark 2021-B23 Mortgage Trust, Series 2021- B23, Class XA, 1.28%, 02/15/54(a)

       55,036        5,223,640  

Benchmark 2021-B25 Mortgage Trust, Series 2021- B25, Class XA, 1.11%, 04/15/54(a)

       29,145        2,528,036  

Benchmark Mortgage Trust, Series 2021-B25, Class A5, 2.58%, 04/15/54

       5,050        5,353,214  

BHMS, Series 2018-ATLS, Class A, (1 mo. LIBOR US + 1.25%), 1.34%, 07/15/35(a)(b)

       6,720        6,724,201  

BHMS 2018-ATLS, Series 2018-ATLS, Class C, (1 mo. LIBOR US + 1.90%), 1.99%, 07/15/35(a)(b)

       1,583        1,583,416  

BWAY Mortgage Trust, Series 2013-1515, Class D, 3.63%, 03/10/33(b)

       3,735        3,934,739  

BX 2021-MFM1, Series 2021-MFM1, Class E, (1 mo. LIBOR US + 2.25%), 2.34%, 01/15/34(a)(b)

       3,160        3,159,997  

BX Commercial Mortgage Trust(b)

       

Series 2018-BIOA, Class B, (1 mo. LIBOR US + 0.87%), 0.96%, 03/15/37(a)

       649        650,004  

Series 2018-BIOA, Class D, (1 mo. LIBOR US + 1.32%), 1.41%, 03/15/37(a)

       1,300        1,303,238  

Series 2018-BIOA, Class E, (1 mo. LIBOR US + 1.95%), 2.04%, 03/15/37(a)

       8,820        8,842,419  

Series 2018-BIOA, Class F, (1 mo. LIBOR US + 2.47%), 2.56%, 03/15/37(a)

       7,721        7,743,068  

Series 2018-IND, Class G, (1 mo. LIBOR US + 2.05%), 2.14%, 11/15/35(a)

       3,821        3,828,007  

Series 2019-XL, Class A, (1 mo. LIBOR US + 0.92%), 1.01%, 10/15/36(a)

       2,163        2,167,431  

Series 2019-XL, Class G, (1 mo. LIBOR US + 2.30%), 2.39%, 10/15/36(a)

       8,423        8,448,955  

Series 2019-XL, Class J, (1 mo. LIBOR US + 2.65%), 2.74%, 10/15/36(a)

       13,987        14,026,678  

Series 2020-BXLP, Class D, (1 mo. LIBOR US + 1.25%), 1.34%, 12/15/36(a)

       2,108        2,110,417  

Series 2020-BXLP, Class F, (1 mo. LIBOR US + 2.00%), 2.09%, 12/15/36(a)

       1,848        1,849,967  

Series 2020-BXLP, Class G, (1 mo. LIBOR US + 2.50%), 2.59%, 12/15/36(a)

       2,986        2,989,299  

Series 2020-VIV4, Class A, 2.84%, 03/09/44

       1,425        1,517,751  

Series 2020-VKNG, Class G, (1 mo. LIBOR US + 3.25%), 3.34%, 10/15/37(a)

       1,500        1,502,850  

Series 2021-NWM, Class A, (1 mo. LIBOR US + 0.91%), 1.00%, 02/15/33(a)(d)

       22,496        22,496,000  

Series 2021-NWM, Class B, (1 mo. LIBOR US + 2.15%), 2.24%, 02/15/33(a)(d)

       13,191        13,191,000  
 

 

 

  25


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          

Par

(000)

     Value  
United States (continued)                    

BX Commercial Mortgage Trust(b) (continued)

       

Series 2021-NWM, Class C, (1 mo. LIBOR US + 4.25%), 4.34%,
02/15/33(a)(d)

    USD                 8,710      $          8,710,000  

BX Commercial Mortgage Trust 2021-VINO,

       

Series 2021-VINO, Class F, (1 mo. LIBOR US + 2.80%), 2.90%,
05/15/38(a)(b)

       12,592        12,607,729  

BX Trust(a)(b)

       

Series 2019-OC11, Class D, 4.08%, 12/09/41

       8,408        9,150,364  

Series 2019-OC11, Class E, 4.08%, 12/09/41

       11,784        12,572,837  

Series 2021-MFM1, Class F, (1 mo. LIBOR US + 3.00%), 3.09%, 01/15/34.

       4,900        4,933,782  

Series 2021-SOAR, Class G, (1 mo. LIBOR US + 2.80%), 2.89%, 06/15/38

       17,100        17,227,610  

CAMB Commercial Mortgage Trust, Series 2019- LIFE, Class E, (1 mo. LIBOR US + 2.15%), 2.24%, 12/15/37(a)(b)

       2,181        2,187,734  

CD Mortgage Trust, Series 2017-CD6, Class B, 3.91%, 11/13/50(a)

       864        941,360  

CFCRE Commercial Mortgage Trust(b)

       

Series 2018-TAN, Class C, 5.29%, 02/15/33

       1,060        1,099,913  

Series 2018-TAN, Class E, 6.45%, 02/15/33(a)

       1,178        1,215,696  

Citigroup Commercial Mortgage Trust

       

Series 2014-GC19, Class D, 5.09%, 03/10/47(a)(b)

       1,197        1,281,262  

Series 2014-GC23, Class AS, 3.86%, 07/10/47

       5,552        5,977,166  

Citigroup COmmercial Mortgage Trust, Series 2018- C6, Class A4, 4.41%, 11/10/51

       2,000        2,362,889  

COMM 2014-CCRE17 Mortgage Trust, Series 2014- CR17, Class C, 4.78%, 05/10/47(a)

       1,959        2,082,205  

COMM Mortgage Trust, Series 2014-CR21, Class A3, 3.53%, 12/10/47

       3,956        4,229,424  

CORE Mortgage Trust, Series 2019-CORE, Class F, (1 mo. LIBOR US + 2.35%), 2.44%, 12/15/31(a)(b)

       1,606        1,592,279  

Credit Suisse Mortgage Capital Certificates(a)(b)

       

Series 2019-ICE4, Class A, (1 mo. LIBOR US + 0.98%), 1.07%, 05/15/36

       1,103        1,105,483  

Series 2019-ICE4, Class B, (1 mo. LIBOR US + 1.23%), 1.32%, 05/15/36

       1,765        1,768,954  

Series 2019-ICE4, Class C, (1 mo. LIBOR US + 1.43%), 1.52%, 05/15/36

       1,829        1,833,586  

Series 2019-ICE4, Class D, (1 mo. LIBOR US + 1.60%), 1.69%, 05/15/36

       5,897        5,913,642  

Series 2019-ICE4, Class E, (1 mo. LIBOR US + 2.15%), 2.24%, 05/15/36

       5,411        5,427,956  

Series 2019-ICE4, Class F, (1 mo. LIBOR US + 2.65%), 2.74%, 05/15/36

       8,135        8,179,405  

CSAIL Commercial Mortgage Trust 4.65%, 11/15/48(a)

       1,260        1,366,088  

Series 2020-C19, Class A3, 2.56%, 03/15/53

       11,759        12,353,880  

CSMC 2020-NET, Series 2020-NET, Class A, 2.26%, 08/15/37(b)

       4,036        4,186,406  

DBGS Mortgage Trust(a)(b)

       

Series 2018-BIOD, Class B, (1 mo. LIBOR US + 0.89%), 0.98%, 05/15/35

       467        467,557  

Series 2018-BIOD, Class D, (1 mo. LIBOR US + 1.30%), 1.39%, 05/15/35

       1,894        1,897,437  
Security          

Par

(000)

     Value  
United States (continued)                    

DBWF 2018-GLKS Mortgage Trust, Series 2018- GLKS, Class B, (1 mo. LIBOR US + 1.35%), 1.44%, 12/19/30(a)(b)

    USD                 2,175      $          2,174,637  

DBWF Mortgage Trust, Series 2018-GLKS, Class C, (1 mo. LIBOR US + 1.75%), 1.84%, 12/19/30(a)(b)

       1,650        1,650,047  

Extended Stay America
Trust(a)(b)(c)

       

Series 2021-ESH, Class D, (1 mo. LIBOR US + 2.25%), 2.34%, 07/15/38

       15,400        15,520,554  

Series 2021-ESH, Class E, (1 mo. LIBOR US + 2.85%), 2.94%, 07/15/38

       9,970        10,063,694  

Freddie Mac(a)(b)

       

Series 2021-DNA2, Class B1, (30 day SOFR + 3.40%), 3.45%, 08/25/33

       2,381        2,451,491  

Series 2021-DNA2, Class B2, (30 day SOFR + 6.00%), 6.05%, 08/25/33

       2,151        2,372,989  

Series 2021-DNA3, Class B1, (30 day SOFR + 3.50%), 3.55%, 10/25/33

       5,537        5,746,033  

Series 2021-HQA1, Class B1, (30 day SOFR + 3.00%), 3.05%, 08/25/33

       4,104        4,121,955  

Series 2021-HQA1, Class B2, (30 day SOFR + 5.00%), 5.05%, 08/25/33

       2,457        2,488,797  

GCT Commercial Mortgage Trust, (1 mo. LIBOR US + 2.35%), 2.44%, 02/15/38(a)(b)

       810        810,728  

GS Mortgage Securities Corp. II, Series 2021- ROSS, Class A, (1 mo. LIBOR US + 1.15%), 1.24%, 05/15/26(a)(b)

       1,480        1,481,385  

GS Mortgage Securities Trust

       

Series 2020-GC47, Class AS, 2.73%, 05/12/53

       4,426        4,673,926  

Series 2020-GSA2, Class XA, 1.74%, 12/12/53(a)(b)

       4,428        568,779  

Hudson Yards Mortgage Trust, Series 2016-10HY, Class E, 2.98%, 08/10/38(a)(b)

       897        915,244  

J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2019-MFP, Class F, (1 mo. LIBOR US + 3.00%), 3.09%, 07/15/36(a)(b)

       6,311        6,238,762  

JP Morgan Chase Commercial Mortgage Securities
Corp.(a)(b)

       

Series 2021-MHC, Class E, (1 mo. LIBOR US + 2.45%), 2.54%, 04/15/38.

       7,630        7,672,904  

Series 2021-MHC, Class F, (1 mo. LIBOR US + 2.95%), 3.04%, 04/15/38.

       8,020        8,070,135  

JP Morgan Chase Commercial Mortgage Securities Trust(b)

       

Series 2018-WPT, Class DFL, (1 mo. LIBOR US + 2.25%), 2.60%, 07/05/33(a)

       1,253        1,254,995  

Series 2018-WPT, Class DFX, 5.35%, 07/05/33

       2,168        2,281,119  

JPMCC Commercial Mortgage Securities Trust,

       

Series 2019-COR4, Class A5, 4.03%, 03/10/52

       4,308        4,976,257  

Life 2021-BMR Mortgage Trust, Series 2021-BMR, Class F, (1 mo. LIBOR US + 2.35%), 2.44%, 03/15/38(a)(b)

       15,217        15,264,529  

MHC Commercial Mortgage Trust 2021-MHC(a)(b)

       

Series 2021-MHC, Class E, (1 mo. LIBOR US + 2.10%), 2.19%, 04/15/38.

       15,980        16,094,850  

Series 2021-MHC, Class F, (1 mo. LIBOR US + 2.60%), 2.69%, 04/15/38.

       12,280        12,364,583  
 

 

 

26  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security         

Par

(000)

    Value  
United States (continued)                  

MHP 2021-STOR, Series 2021-STOR, Class G, (1 mo. LIBOR US + 2.75%), 2.85%, 07/15/38(a)(b)(c)

    USD                3,936     $          3,950,726  

Morgan Stanley Bank of America Merrill Lynch Trust

     

Series 2015-C24, Class C, 4.34%, 05/15/48(a)

      647       686,864  

Series 2016-C32, Class A4, 3.72%, 12/15/49

      3,377       3,783,999  

Morgan Stanley Capital I Trust

     

Series 2018-MP, Class A, 4.28%, 07/11/40(a)(b)

      2,110       2,407,155  

Series 2020-L4, Class A3, 2.70%, 02/15/53

      2,855       3,043,526  

PKHL Commercial Mortgage Trust 2021-MF, Series 2021-MF, Class F, (1 mo. LIBOR US + 3.35%), 3.46%, 07/15/38(a)(b)

      1,881       1,884,474  

STWD Trust 2021-FLWR, Series 2021-FLWR, Class E, (1 mo. LIBOR US + 1.92%), 2.02%, 07/15/36(a)(b)

      3,290       3,283,757  

TPGI Trust, Series 2021-DGWD, Class F, (1 mo. LIBOR US + 3.00%), 3.09%, 06/15/26(a)(b)

      3,598       3,598,511  

TVC DSCR, 0.00%, 02/01/51(d)(l)

      14,989       15,805,396  

UBS Commercial Mortgage Trust, Series 2019- C17, Class A4, 2.92%, 10/15/52

      1,175       1,264,629  

UBS-Barclays Commercial Mortgage Trust, Series 2012-C3, Class D,
5.04%, 08/10/49(a)(b)

      1,766       1,806,509  

VMC Finance LLC, Series 2021-FL4, Class A, (1 mo. LIBOR US + 1.10%), 1.19%, 06/16/36(a)(b)

      6,033       6,045,673  

VNDO Trust, Series 2016-350P, Class D, 3.90%, 01/10/35(a)(b)

      2,150       2,226,914  

Wells Fargo Commercial Mortgage Trust(a)

     

Series 2015-C28, Class AS, 3.87%, 05/15/48

      3,230       3,508,816  

Series 2017-C38, Class C, 3.90%, 07/15/50

      1,305       1,407,346  

Series 2017-C41, Class B, 4.19%, 11/15/50

      3,149       3,427,983  

Series 2018-1745, Class A, 3.75%, 06/15/36(b)

      2,162       2,428,207  

Series 2020-C58, Class XA, 1.88%, 07/15/53

      31,774       4,370,804  

Series 2021-C59, Class XA, 1.56%, 04/15/54

      25,197       2,952,644  

Western Alliance Bank, 1.00%, 12/30/24

      33,610       33,578,172  
     

 

 

 

Total Non-Agency Mortgage-Backed Securities — 2.0%
(Cost: $537,199,428)

        544,232,570  
     

 

 

 
            Beneficial
Interest (000)
        

Other Interests

     
Canada — 0.1%                  

Sprott Private Resource Streaming and Royalty, LP(d)

    USD       21,279,646       25,144,030  
     

 

 

 

Total Other Interests — 0.1%
(Cost: $21,471,327)

        25,144,030  
     

 

 

 
           

Par

(000)

        

Preferred Securities

     
Capital Trusts — 0.2%(a)                  
Colombia — 0.0%                  

Banco Davivienda SA, 6.65%(b)(n)

    USD       699       733,950  
     

 

 

 
Security         

Par

(000)

    Value  
Hong Kong — 0.0%                  

Nanyang Commercial Bank Ltd., 5.00%(n)

    USD                1,139     $          1,146,119  
     

 

 

 
Mexico — 0.0%                  

Banco Mercantil del Norte SA,
6.75%(b)(n)

      1,728       1,848,744  

BBVA Bancomer SA, 5.13%, 01/18/33

      1,744       1,798,500  

Cemex SAB de CV, 5.13%(b)(n)

      1,186       1,236,180  
     

 

 

 
        4,883,424  
     

 

 

 
Philippines — 0.0%                  

Rizal Commercial Banking Corp., 6.50%(n)

      1,139       1,201,147  
     

 

 

 
Thailand(n) — 0.0%                  

Kasikornbank PCL, 5.28%

      3,000       3,176,812  

TMBThanachart Bank PCL, 4.90%

      1,139       1,154,519  
     

 

 

 
        4,331,331  
     

 

 

 
United States — 0.2%                  

American Express Co., Series C, 3.40%(n)

      9,039       9,061,084  

Morgan Stanley, Series H, 3.74%(n)

      10,558       10,600,231  

NWD Finance BVI Ltd., 4.13%(n)

      3,046       3,068,845  

Prudential Financial, Inc.

     

5.63%, 06/15/43

      5,623       6,025,047  

5.88%, 09/15/42

      8,044       8,478,383  

USB Capital IX, 3.50%(n)

      3,935       3,881,803  
     

 

 

 
        41,115,393  
     

 

 

 
        53,411,364  
            Shares         
Preferred Stocks — 2.5%                  
Brazil — 0.1%                  

Itau Unibanco Holding SA, Preference Shares

      997,172       5,801,241  

Neon Payments Ltd.(d)

      29,577       10,719,888  
     

 

 

 
        16,521,129  
     

 

 

 
Germany — 0.4%                  

Porsche Automobil Holding SE, Preference Shares

      126,660       13,708,557  

Sartorius AG, Preference Shares

      588       355,689  

Volkswagen AG, Preference Shares

      268,090       65,298,807  

Volocopter GMBH, (Acquired 03/03/21, Cost: $22,418,516)(d)(h)

      4,218       22,391,812  
     

 

 

 
        101,754,865  
     

 

 

 
India — 0.0%                  

Think & Learn Private Ltd., Series F, (Acquired 12/11/20, Cost: $13,030,114)(d)(h)

      4,047       14,322,546  
     

 

 

 
United Kingdom(d)(h) — 0.1%                  

Exscientia Ltd.

     

Series C-1, (Acquired 02/24/21, Cost: $10,369,926)

      5,922       20,739,851  

Series D-1, (Acquired 04/29/21, Cost: $5,183,212)

      1,480       5,183,211  
     

 

 

 
        25,923,062  
United States — 1.9%                  

Aptiv PLC, Series A, 06/15/23(o)

      132,372       24,854,167  

Arrival Ltd., (Acquired 03/23/21, Cost: $31,714,916)(h)

      4,373,837       55,462,550  

Becton Dickinson and Co., Series B, 06/01/23(o)

      509,265       28,630,878  

Boston Scientific Corp., Series A, 06/01/23(o)

      88,689       10,896,331  
 

 

 

  27


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United States (continued)            

Breeze Aviation Group, Inc., Series B, (Acquired 07/30/21, Cost: $17,069,096)(d)(h)

             31,603     $          17,069,096  

ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $34,233,056)(d)(h)

    312,419       52,522,596  

Cash Mandatory Exchangeable Trust, 06/01/23(b)(o)

    34,289       42,979,204  

Cruise, Series G, (Acquired 03/25/21, Cost: $9,841,593)(d)(h)

    373,495       9,968,582  

Databricks, Inc.(d)(h)

   

Series F, (Acquired 10/22/19, Cost: $11,769,837)

    274,046       50,720,434  

Series G, (Acquired 02/01/21, Cost: $13,141,188)

    74,090       13,712,577  

Deep Instinct Ltd., Series D-2, (Acquired 03/19/21, Cost: $11,638,040)(d)(h)

    1,914,819       12,829,287  

Exo Imaging, Inc., Series C, (Acquired 06/24/21, Cost: $8,339,244)(d)(h)

    1,423,565       8,342,091  

Farmer’s Business Network, Inc., Series F, (Acquired 07/31/20, Cost: $8,907,002)(d)(h)

    269,447       12,214,032  

Grand Rounds, Inc.(d)(h)

   

Series C, (Acquired 03/31/15, Cost: $26,357,523)

    9,493,075       31,232,217  

Series D, (Acquired 05/01/18, Cost: $4,824,038)

    1,990,402       6,488,711  

Jumpcloud, Inc., Series E-1, (Acquired 10/30/20, Cost: $11,778,091)(d)(h)

    6,458,349       11,625,028  

Loadsmart, Inc., Series C, (Acquired 10/05/20, Cost: $10,694,460)(d)(h)

    1,250,814       15,435,045  

Lookout, Inc., Series F, (Acquired 09/19/14, Cost: $50,945,689)(d)(h)

    4,459,883       50,931,864  

Mythic AI, Inc., Series C, (Acquired 01/26/21, Cost: $6,129,221)(d)(h)

    892,159       6,405,702  

PsiQuantum Corp., Series D, (Acquired 05/21/21, Cost: $5,269,814)(d)(h)

    200,937       5,270,577  

Relativity Space, Inc., Series E, (Acquired 05/27/21,
Cost: $9,126,025)(d)(h)

    399,649       9,167,948  

SambaNova Systems, Inc.(d)(h) (Acquired 04/09/21, Cost: $6,878,356)

    72,390       6,878,498  

Series C, (Acquired 02/19/20, Cost: $11,739,902)

    220,503       20,952,195  

Snorkel AI, Inc., Series C, (Acquired 06/30/21, Cost: $3,799,839)(d)(h)

    252,991       3,799,925  

Zero Mass Water, Inc., Series C-1, (Acquired 05/07/20,
Cost: $8,796,956)(d)(h)

    558,055       10,441,209  
   

 

 

 
      518,830,744  
   

 

 

 
      677,352,346  
Trust Preferreds — 0.1%            
United States — 0.1%            

Citigroup Capital XIII, 6.50%, 10/30/40(a)

    629,905       17,460,967  
Security          Shares     Value  
United States (continued)                  

GMAC Capital Trust I, Series 2,
5.94%, 02/15/40(a)

               49,107     $          1,307,719  

Wells Fargo & Co., Series L,
7.50%(n)(o)

      5,825       8,810,371  
     

 

 

 
        27,579,057  
     

 

 

 

Total Preferred Securities — 2.8%
(Cost: $615,055,817)

        758,342,767  
     

 

 

 
           

Par

(000)

        

U.S. Government Sponsored Agency Securities

 

Collateralized Mortgage Obligations — 0.0%

     

Uniform Mortgage-Backed Securities, Series 2020-

     

DNA6, Class B1, (30 day SOFR + 3.00%), 3.05%, 12/25/50(a)(b)

    USD       2,200       2,217,677  
     

 

 

 
Mortgage-Backed Securities — 2.1%              

Freddie Mac, Series K116, Class X1, 1.43%, 07/25/30(a)

      7,789       857,754  

Freddie Mac Structured Pass-Through Certificates(a)

     

Series K105, Class X1, 1.52%, 03/25/53

      36,005       4,112,935  

Series K109, Class X1, 1.58%, 04/25/30

      15,166       1,818,347  

Series K110, Class X1, 1.70%, 04/25/30

      13,170       1,680,385  

Series K120, Class X1, 1.04%, 10/25/30

      50,348       4,173,419  

Uniform Mortgage-Backed Securities

     

1.36%, 12/25/29

      8,414       766,338  

2.50%, 08/12/51(s)

      519,660       541,319,263  

Class A2, 3.70%, 09/25/30(a)

      2,165       2,575,547  

Series KW09, Class X1, 0.80%, 05/25/29(a)

      58,290       3,058,440  
     

 

 

 
        560,362,428  
     

 

 

 

Total U.S. Government Sponsored Agency Securities — 2.1%
(Cost: $561,617,593)

 

    562,580,105  
     

 

 

 
            Shares         

Warrants

     
Brazil — 0.0%                  

Neon Payments Ltd. - T2(d)

      9,858       64,767  
     

 

 

 
Cayman Islands — 0.0%                  

TPG Pace Beneficial Finance Corp., Class A(e)

      65,280       192,321  
     

 

 

 
Switzerland — 0.0%                  

Cie Financiere Richemont SA, (Expires 11/22/23)(e)

      4,654       3,391  
     

 

 

 
United States — 0.1%                  

Cano Health, Inc. (Expires 06/03/2026)(e)

      268,681       773,801  

Crown Proptech Acquisitions Pvt Ltd.(d)

      271,336       189,935  

EVgo, Inc.(e)

      146,070       401,693  

GPRE

      1,464,976       31,242,444  

Israel Amplify Program Corp.(d)

      408,864       617,385  

Latch, Inc. (Expires 06/04/2026)(e)

      111,795       433,765  
 

 

 

28  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

  

BlackRock Global Allocation Fund, Inc.

(Percentages shown are based on Net Assets)

 

Security          Shares     Value  
United States (continued)                  

Reinvent Technology Partners Z, Class A(e)

      123,393     $ 203,598  

Rotor Acqusition Ltd.(d)

      99,523       120,423  

Tortoise Acquisition Corp. II(e)

      150,460       279,856  

Zero Mass Water, Inc., Series C-1, (Acquired 05/08/20, Cost: $0)(d)(h)

      558,055       1,596,037  
     

 

 

 
        35,858,937  
     

 

 

 

Total Warrants — 0.1%
(Cost: $4,386,360)

 

    36,119,416  
     

 

 

 

Total Long-Term Investments — 98.0%
(Cost: $20,029,805,376)

 

    26,637,433,688  
     

 

 

 

Short-Term Securities

     
Money Market Funds — 2.0%                  

BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%(f)(g)

           391,046,161       391,046,161  

SL Liquidity Series, LLC, Money Market Series,
0.12%(f)(g)

      145,161,723       145,205,272  
     

 

 

 
        536,251,433  
     

 

 

 
           

Par

(000)

        
Time Deposits — 0.1%                  
Canada — 0.0%                  

Brown Brothers Harriman & Co., 0.01%, 08/04/21

    CAD       4,291       3,439,752  
     

 

 

 
Europe — 0.1%                  

BNP Paribas, Paris, (0.78%), 08/04/21

    EUR       23,272       27,606,802  
     

 

 

 
Hong Kong — 0.0%                  

Hongkong & Shanghai Banking Corp. Ltd., Hongkong, 0.00%, 08/02/21

    HKD       3,012       387,598  
     

 

 

 
Japan — 0.0%                  

Sumitomo Bank, Tokyo, (0.28%), 08/04/21

    JPY       162,228       1,478,770  
     

 

 

 
United Kingdom — 0.0%                  

Citibank NA, New York, 0.01%, 08/04/21

    GBP       167       232,644  
     

 

 

 
United States — 0.0%                  

Sumitomo Bank, Tokyo, 0.10%, 08/02/21

    USD       6,214       6,213,811  
     

 

 

 
        39,359,377  
     

 

 

 
U.S. Treasury Obligations — 0.3%        

U.S. Treasury Notes, 2.00%, 11/15/21(j)(t)

      75,000       75,416,752  
     

 

 

 

Total Short-Term Securities — 2.4%
(Cost: $651,018,980)

 

    651,027,562  
     

 

 

 

Options Purchased — 0.6%
(Cost: $162,655,826)

 

    138,222,870  
     

 

 

 

Total Investments Before Options Written — 101.0%
(Cost: $20,843,480,182)

        27,426,684,120  
     

 

 

 
Security         Shares     Value  

Investments Sold Short

   

Common Stocks

   
United States — (0.5)%            

Appian Corp.(e)

    (197,477   $ (22,992,247

DoorDash, Inc., Class A(e)

    (102,917     (17,937,404

Hershey Co.

    (48,247     (8,630,424

JM Smucker Co.

    (51,256     (6,720,174

Nordstrom, Inc.(e)

    (78,442     (2,596,430

Snowflake, Inc., Class A(e)

    (73,736     (19,593,130

Tesla, Inc.(e)

    (22,136     (15,211,859

Walgreens Boots Alliance, Inc.

    (764,669     (36,054,143
   

 

 

 

Total Investments Sold Short — (0.5)%
(Proceeds: $(134,278,865))

 

    (129,735,811
   

 

 

 

Options Written — (0.2)%
(Premiums Received: $(81,859,078))

      (52,114,384
   

 

 

 

Total Investments, Net of Options Written — 100.3%
(Cost: $20,627,342,239)

 

    27,244,833,925  

Liabilities in Excess of Other Assets — (0.3)%

      (77,568,487
   

 

 

 

Net Assets — 100.0%

    $  27,167,265,438  
   

 

 

 

 

(a) 

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(b) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(c) 

When-issued security.

(d) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(e) 

Non-income producing security.

(f) 

Affiliate of the Fund.

(g) 

Annualized 7-day yield as of period end.

(h) 

Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $930,253,533, representing 3.4% of its net assets as of period end, and an original cost of $663,361,310.

(i) 

All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

(j) 

All or a portion of the security is held by a wholly-owned subsidiary.

(k) 

Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

(l) 

Zero-coupon bond.

(m) 

Issuer filed for bankruptcy and/or is in default.

(n) 

Perpetual security with no stated maturity date.

(o) 

Convertible security.

(p) 

Represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate.

(q) 

Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(r) 

Rounds to less than 1,000.

(s) 

Represents or includes a TBA transaction.

(t) 

All or a portion of the security has been pledged in connection with outstanding futures contracts.

 

 

 

  29


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  

Value at

04/30/21

   

Purchases

at Cost

   

Proceeds

from Sales

   

Net

Realized
Gain (Loss)

    Change in
Unrealized
Appreciation
(Depreciation)
    Value at
07/31/21
    Par/Shares
Held at
07/31/21
    Income     Capital Gain
Distributions
from
Underlying
Funds
 

Bio City Development Co. BV

  $ 13,211,730     $     $     $     $ (1,943,730   $ 11,268,000       140,850,000     $     $  

BlackRock Liquidity Funds, T-Fund, Institutional Class

    182,812,980       208,233,181 (a)                        391,046,161       391,046,161       11,759        

iShares China Large-Cap ETF

    21,369,605       17,981,481                   (4,051,449     35,299,637       870,736       69,732        

iShares iBoxx $ Investment Grade Corporate Bond ETF

    3,560,591       44,322,561       (44,224,456     (131,196     165,036       3,692,536       27,149       20,763        

iShares iBoxx USD High Yield Corporate Bond ETF

    130,740,288             (129,940,601     12,272,155       (12,952,292     119,550       1,361       830,026        

iShares Latin America 40 ETF

    10,530,285                         489,781       11,020,066       371,046       140,239        

iShares MSCI Brazil ETF

    7,878,674       13,209,898                   (665,704     20,422,868       546,066       341,873        

iShares MSCI Emerging Markets ETF

    3,046,361                         (134,315     2,912,046       56,435       13,590        

iShares MSCI Japan ETF

          15,705,319                   (175,729     15,529,590       231,405              

iShares Nasdaq Biotechnology ETF

    3,046,099                         219,435       3,265,534       19,698       458        

iShares Russell 2000 ETF(b)

    174,659,694             (164,717,254     37,791,496       (47,733,936                        

iShares S&P 500 Value ETF

    33,281,181                         550,177       33,831,358       227,346       120,908        

Quintis Australia Pty. Ltd.

    85,418,997                         4,025       85,418,997       85,418,997       1,601,606        

Quintis Australia Pty. Ltd.

    82,684,528                         65,368       82,684,528       82,684,528              

Quintis HoldCo Pty. Ltd.

    37,734,907                         7,198,828       44,933,735       43,735,802              

SL Liquidity Series, LLC, Money Market Series

          145,205,272 (a)                        145,205,272       145,161,723       486,557 (c)       
       

 

 

   

 

 

   

 

 

     

 

 

   

 

 

 
        $

 

49,932,455

 

 

 

  $

 

(58,964,505

 

 

  $

 

886,649,878

 

 

 

    $

 

3,637,511

 

 

 

  $

 

 

 

 

       

 

 

   

 

 

   

 

 

     

 

 

   

 

 

 

 

  (a) 

Represents net amount purchased (sold).

 

 

  (b) 

As of period end, the entity is no longer held.

 

 

  (c) 

All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Description    Number of
Contracts
       Expiration
Date
       Notional
Amount
(000)
       Value/
Unrealized
Appreciation
(Depreciation)
 

Long Contracts

                 

Exchange Traded Bitcoin Futures(a)

     54          08/27/21        $ 10,788        $ 369,137  

30-Year Euro Buxl Bond

     160          09/08/21          40,815          2,861,538  

Euro BTP

     3,148          09/08/21          576,130          14,479,856  

Euro Bund

     2,400          09/08/21          502,695          7,958,513  

10-Year Japanese Government Treasury Bonds

     218          09/13/21          302,643          1,171,275  

10-Year Australian Treasury Bonds

     3,815          09/15/21          407,061          10,409,587  

DAX Index

     94          09/17/21          43,346          (594,037

FTSE/MIB Index

     314          09/17/21          47,225          (318,546

MSCI Emerging Markets Index

     505          09/17/21          32,262          (2,364,435

Russell 2000 E-Mini Index

     2,542          09/17/21          282,365          (13,869,395

10-Year U.S. Treasury Note

     3,202          09/21/21          430,769          2,475,212  

U.S. Long Bond

     717          09/21/21          118,283          5,712,667  

U.S. Ultra T-Bond

     1,484          09/21/21          296,336          2,715,861  

5-Year U.S. Treasury Note

     26,047          09/30/21          3,242,445          16,516,350  
                 

 

 

 
                   

 

47,523,583

 

 

 

                 

 

 

 

Short Contracts

                 

Nikkei 225 Yen-Denominated

     27          09/09/21          3,378          172,794  

SPI 200 Index

     35          09/16/21          4,687          (12,912

Euro Stoxx 50 Index

     445          09/17/21          21,580          (372,445

 

 

30  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Futures Contracts (continued)

 

Description    Number of
Contracts
       Expiration
Date
      

Notional
Amount

(000)

       Value/
Unrealized
Appreciation
(Depreciation)
 

Short Contracts (continued)

                 

FTSE 100 Index

     21          09/17/21        $ 2,034        $ 38,415  

NASDAQ 100 E-Mini Index

     2,575          09/17/21          770,221          (49,931,408

S&P 500 E-Mini Index

     16,479          09/17/21          3,616,729          (87,820,578

10-Year U.S. Ultra Long Treasury Note

     6,892          09/21/21          1,036,708          (33,241,050

Long Gilt

     1,247          09/28/21          224,969          (4,325,429

2-Year U.S. Treasury Note

     17,541          09/30/21          3,870,668          (3,126,223
                 

 

 

 
                   

 

(178,618,836

 

 

                 

 

 

 
                  $

 

(131,095,253

 

 

                 

 

 

 

 

  (a) 

All or a portion of the security is held by a wholly-owned subsidiary.

 

Forward Foreign Currency Exchange Contracts

 

    Currency Purchased        Currency Sold        Counterparty      Settlement Date      Unrealized
Appreciation
(Depreciation)
       
       GBP     594,608        USD     826,353        Citibank N.A.      08/05/21      $ 156             
  GBP     55,929,392        USD     77,729,204        Citibank N.A.      08/05/21        13,021    
  USD     107,779,598        HKD     837,053,000        Bank of America N.A.      08/05/21        66,434    
  USD     809,902        HKD     6,290,000        UBS AG      08/05/21        496    
  USD     68,636,533        EUR     57,444,000        JPMorgan Chase Bank N.A.      08/12/21        481,795    
  USD     108,098,222        HKD     839,547,000        BNP Paribas S.A.      08/12/21        62,875    
  USD     926,934        HKD     7,199,000        UBS AG      08/12/21        545    
  USD     136,489,766        EUR     114,260,940        BNP Paribas S.A.      08/20/21        903,327    
  USD     116,643        SEK     964,000        HSBC Bank USA N.A.      08/26/21        4,639    
  USD     79,198,823        SEK     654,429,000        Morgan Stanley & Co. International PLC      08/26/21        3,162,756    
  USD     54,711,841        BRL     279,769,000        Citibank N.A.      09/09/21        1,261,813    
  USD     242,427        CNH     1,556,859        Citibank N.A.      09/09/21        2,320    
  USD     52,108,605        CNH     334,630,000        HSBC Bank USA N.A.      09/09/21        500,139    
  USD     13,467,000        BRL     68,439,294        Citibank N.A.      09/10/21        393,305    
  USD     2,166,558        EUR     1,774,000        UBS AG      09/16/21        60,334    
  USD     337,657        INR     24,870,140        BNP Paribas S.A.      09/17/21        4,947    
  USD     16,211,065        INR     1,194,026,000        BNP Paribas S.A.      09/17/21        237,528    
  GBP     40,814,406        EUR     47,642,000        BNP Paribas S.A.      09/24/21        166,136    
  JPY     4,403,488,870        EUR     33,214,000        Citibank N.A.      09/24/21        715,087    
  JPY     32,880,596        EUR     248,000        JPMorgan Chase Bank N.A.      09/24/21        5,348    
  USD     3,873,725        EUR     3,259,910        UBS AG      09/24/21        2,688    
  JPY     11,024,095,000        USD     99,692,939        BNP Paribas S.A.      10/07/21        847,252    
  JPY     11,232,026,000        USD     101,558,373        BNP Paribas S.A.      10/07/21        878,156    
  JPY     74,268,000        USD     671,545        JPMorgan Chase Bank N.A.      10/07/21        5,782    
  INR     2,038,701,000        USD     27,035,248        Citibank N.A.      10/14/21        154,381    
  JPY     7,317,418,755        EUR     56,077,000        JPMorgan Chase Bank N.A.      10/14/21        122,857    
  JPY     265,823,042        EUR     2,037,529        Morgan Stanley & Co. International PLC      10/14/21        3,993    
  JPY     41,853,901        USD     378,738        JPMorgan Chase Bank N.A.      10/14/21        2,992    
  JPY     14,564,660,000        USD     131,810,778        JPMorgan Chase Bank N.A.      10/14/21        1,027,030    
  USD     54,954,217        EUR     46,203,442        JPMorgan Chase Bank N.A.      10/14/21        67,329    
  JPY     11,077,690,000        USD     100,255,306        Barclays Bank PLC      10/15/21        780,212    
  JPY     181,230,068        USD     1,639,975        JPMorgan Chase Bank N.A.      10/15/21        12,957    
  GBP     68,320,000        USD     94,137,383        Goldman Sachs International      10/21/21        844,444    
  MXN     16,446,904        USD     813,963        Goldman Sachs International      10/21/21        3,326    
  MXN     1,198,489,000        USD     59,308,117        Goldman Sachs International      10/21/21        247,855    
  EUR     67,089,000        USD     79,307,517        Citibank N.A.      10/28/21        411,752    
  JPY     15,477,110,000        USD     140,695,628        Morgan Stanley & Co. International PLC      10/28/21        480,224    
                         

 

 

   
                           

 

13,936,231

 

 

 

 
                         

 

 

   
  JPY     7,966,385,000        USD     73,231,893        JPMorgan Chase Bank N.A.      08/05/21        (614,502  
  USD     75,869,165        CNH     495,107,000        BNP Paribas S.A.      08/05/21        (703,747  
  EUR     44,649,293        USD     53,664,137        JPMorgan Chase Bank N.A.      08/06/21        (695,875  
  JPY     8,442,467,000        USD     77,340,376        JPMorgan Chase Bank N.A.      08/06/21        (382,761  

 

 

  31


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Forward Foreign Currency Exchange Contracts (continued)

 

    Currency Purchased        Currency Sold        Counterparty      Settlement Date      Unrealized
Appreciation
(Depreciation)
       
       JPY     128,079,000        USD     1,173,351        UBS AG      08/06/21      $ (5,842           
  USD     43,939,040        CNH     286,742,000        HSBC Bank USA N.A.      08/06/21        (404,943  
  USD     2,127,058        CNH     13,882,000        UBS AG      08/06/21        (19,761  
  USD     52,879,077        EUR     44,649,293        JPMorgan Chase Bank N.A.      08/06/21        (89,184  
  IDR     130,341,591,930        USD     9,048,358        Goldman Sachs International      08/11/21        (23,536  
  IDR     134,291,337,140        USD     9,319,315        Goldman Sachs International      08/11/21        (21,014  
  IDR     130,341,591,930        USD     9,040,199        HSBC Bank USA N.A.      08/11/21        (15,377  
  EUR     135,376,639        USD     164,626,536        Citibank N.A.      08/12/21        (4,008,207  
  JPY     319,596,000        USD     2,947,176        JPMorgan Chase Bank N.A.      08/12/21        (33,765  
  JPY     10,345,355,000        USD     95,349,333        JPMorgan Chase Bank N.A.      08/12/21        (1,041,942  
  EUR     106,563,417        USD     129,545,310        Citibank N.A.      08/13/21        (3,110,139  
  AUD     86,808,437        USD     67,388,782        BNP Paribas S.A.      08/19/21        (3,679,478  
  JPY     9,280,107,000        USD     85,039,038        Deutsche Bank AG      08/19/21        (437,882  
  JPY     146,569,000        USD     1,343,042        JPMorgan Chase Bank N.A.      08/19/21        (6,860  
  KRW     61,754,701,943        USD     54,815,109        Citibank N.A.      08/19/21        (1,270,067  
  AUD     73,968,050        USD     57,069,916        JPMorgan Chase Bank N.A.      08/20/21        (2,784,013  
  EUR     114,260,940        USD     139,611,055        Barclays Bank PLC      08/20/21        (4,024,616  
  KRW     60,809,150,000        USD     53,918,381        JPMorgan Chase Bank N.A.      08/24/21        (1,197,570  
  KRW     61,393,627,000        USD     54,644,973        Morgan Stanley & Co. International PLC      08/25/21        (1,418,312  
  AUD     15,531,502        USD     12,051,649        JPMorgan Chase Bank N.A.      08/26/21        (652,611  
  JPY     5,872,740,000        USD     53,603,838        Deutsche Bank AG      08/26/21        (62,765  
  JPY     40,281,000        USD     367,682        JPMorgan Chase Bank N.A.      08/26/21        (445  
  AUD     52,148,854        USD     40,348,611        JPMorgan Chase Bank N.A.      08/27/21        (2,074,821  
  AUD     58,057,577        USD     44,542,749        JPMorgan Chase Bank N.A.      09/02/21        (1,931,187  
  JPY     12,932,773,238        USD     118,225,430        JPMorgan Chase Bank N.A.      09/09/21        (305,771  
  BRL     68,996,828        USD     13,467,000        Goldman Sachs International      09/10/21        (286,802  
  EUR     1,774,000        USD     2,151,392        BNP Paribas S.A.      09/16/21        (45,168  
  CAD     59,581,000        USD     48,421,323        Deutsche Bank AG      09/23/21        (665,374  
  USD     94,286,605        CNH     614,512,946        JPMorgan Chase Bank N.A.      09/23/21        (368,958  
  USD     20,078,827        CNH     130,888,089        UBS AG      09/23/21        (82,320  
  USD     135,612,922        CNH     881,660,293        HSBC Bank USA N.A.      09/24/21        (180,198  
  USD     67,476,135        CNH     438,779,422        UBS AG      09/30/21        (68,541  
  USD     104,672,011        CNH     682,562,000        HSBC Bank USA N.A.      10/08/21        (329,173  
  BRL     42,586,300        USD     8,281,277        Citibank N.A.      10/14/21        (183,072  
  JPY     9,366,064,000        USD     85,646,249        JPMorgan Chase Bank N.A.      10/14/21        (222,531  
  USD     2,393,970        BRL     12,724,000        Citibank N.A.      10/14/21        (25,624  
  USD     94,937,113        CNH     619,996,307        HSBC Bank USA N.A.      10/15/21        (392,272  
  JPY     7,514,494,702        USD     68,572,111        JPMorgan Chase Bank N.A.      10/21/21        (31,854  
  JPY     9,317,882,836        USD     85,020,732        JPMorgan Chase Bank N.A.      10/22/21        (30,951  
  USD     60,745,718        NOK     548,099,000        JPMorgan Chase Bank N.A.      10/22/21        (1,293,458  
  JPY     12,256,400,262        EUR     94,178,000        Deutsche Bank AG      10/28/21        (110,225  
  USD     138,555,696        EUR     117,083,654        Citibank N.A.      10/28/21        (570,292  
  USD     40,950,488        EUR     34,525,430        JPMorgan Chase Bank N.A.      10/29/21        (75,542  
                         

 

 

   
                            (35,979,348  
                         

 

 

   
                          $ (22,043,117)    
                         

 

 

   

Exchange-Traded Options Purchased

 

Description    Number of
Contracts
       Expiration
Date
       Exercise Price       

Notional

Amount (000)

       Value  

Call

                                

SPDR S&P 500 ETF Trust

     18,211          08/06/21          USD          441.00          USD          798,571        $ 2,795,388  

SPDR S&P 500 ETF Trust

     34,190          08/16/21          USD          445.00          USD          1,499,266          4,666,935  

Amazon.com, Inc.

     85          08/20/21          USD          3,600.00          USD          28,285          96,475  

Comcast Corp., Class A

     1,456          08/20/21          USD          57.50          USD          8,566          296,296  

CommScope Holding Co., Inc.

     430          08/20/21          USD          25.00          USD          910          6,450  

ConocoPhillips

     4,520          08/20/21          USD          65.00          USD          25,339          63,280  

Daimler AG

     2,669          08/20/21          EUR          85.00          EUR          20,092          42,742  

Energy Select Sector SPDR Fund

     21,398          08/20/21          USD          60.00          USD          105,685          53,495  

Freeport-McMoRan, Inc.

     2,116          08/20/21          USD          41.00          USD          8,062          113,206  

 

 

32  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Exchange-Traded Options Purchased (continued)

 

Description    Number of
Contracts
       Expiration
Date
       Exercise Price       

Notional

Amount (000)

       Value  

Call (continued)

                                

L Brands, Inc.

     3,825          08/20/21          USD          80.00          USD          30,627        $ 1,606,500  

Las Vegas Sands Corp.

     704          08/20/21          USD          65.00          USD          2,981          3,872  

Mastercard, Inc., Class A

     678          08/20/21          USD          375.00          USD          26,167          1,067,850  

salesforce.com, Inc.

     720          08/20/21          USD          250.00          USD          17,419          155,520  

SPDR S&P 500 ETF Trust

     5,350          08/20/21          USD          440.00          USD          234,603          2,479,725  

Trane Technologies PLC

     270          08/20/21          USD          190.00          USD          5,497          409,050  

VanEck Vectors Semiconductor ETF

     2,735          08/20/21          USD          275.00          USD          71,969          389,738  

Wells Fargo & Co.

     6,315          08/20/21          USD          45.00          USD          29,011          1,045,132  

Western Digital Corp.

     856          08/20/21          USD          95.00          USD          5,558          14,124  

Western Digital Corp.

     1,737          08/20/21          USD          85.00          USD          11,278          29,529  

Western Digital Corp.

     1,077          08/20/21          USD          73.00          USD          6,993          94,776  

Western Digital Corp.

     966          08/20/21          USD          71.00          USD          6,272          117,852  

Zscaler, Inc.

     747          08/20/21          USD          220.00          USD          17,622          1,359,540  

Advance Auto Parts, Inc.

     529          09/17/21          USD          210.00          USD          11,218          515,775  

Alphabet Inc., Class C

     113          09/17/21          USD          2,800.00          USD          30,560          463,865  

Apple, Inc.

     3,882          09/17/21          USD          155.00          USD          56,623          625,002  

Carrier Global Corp.

     3,398          09/17/21          USD          47.00          USD          18,774          2,922,280  

Charter Communications, Inc., Class A

     558          09/17/21          USD          780.00          USD          41,518          491,040  

Charter Communications, Inc., Class A

     380          09/17/21          USD          760.00          USD          28,274          630,800  

Comcast Corp., Class A

     7,157          09/17/21          USD          60.00          USD          42,105          851,683  

D.R. Horton, Inc.

     1,682          09/17/21          USD          95.00          USD          16,051          761,105  

Deere & Co.

     183          09/17/21          USD          380.00          USD          6,617          135,420  

Facebook, Inc., Class A

     1,561          09/17/21          USD          375.00          USD          55,618          944,405  

FedEx Corp.

     596          09/17/21          USD          310.00          USD          16,685          103,704  

Freeport-McMoRan, Inc.

     2,246          09/17/21          USD          40.00          USD          8,557          370,590  

Illinois Tool Works, Inc.

     1,076          09/17/21          USD          250.00          USD          24,390          40,350  

iShares China Large-Cap ETF

     10,266          09/17/21          USD          45.00          USD          41,618          189,921  

iShares China Large-Cap ETF

     15,565          09/17/21          USD          43.00          USD          63,101          832,727  

JPMorgan Chase & Co.

     2,369          09/17/21          USD          155.00          USD          35,957          835,072  

Lions Gate Entertainment Corp.

     891          09/17/21          USD          25.00          USD          1,339          22,275  

Mastercard, Inc., Class A

     944          09/17/21          USD          390.00          USD          36,433          1,172,920  

Mastercard, Inc., Class A

     1,486          09/17/21          USD          380.00          USD          57,351          2,626,505  

Societe Generale SA

     6,581          09/17/21          EUR          26.00          EUR          16,272          554,276  

SPDR S&P 500 ETF Trust

     21,398          09/17/21          USD          450.00          USD          938,324          6,815,263  

SPDR S&P 500 ETF Trust

     24,369          09/17/21          USD          440.00          USD          1,068,605          20,104,425  

Vinci S.A

     1,849          09/17/21          EUR          100.00          EUR          16,495          46,061  

Wells Fargo & Co.

     6,220          09/17/21          USD          45.00          USD          28,575          1,467,920  

Apple, Inc.

     1,847          10/15/21          USD          155.00          USD          26,940          528,242  

Constellation Brands, Inc., Class A

     1,159          10/15/21          USD          245.00          USD          26,001          197,030  

Facebook, Inc., Class A

     1,436          10/15/21          USD          390.00          USD          51,165          825,700  

iShares China Large-Cap ETF

     26,796          10/15/21          USD          43.00          USD          108,631          2,103,486  

Masco Corp.

     1,809          10/15/21          USD          60.00          USD          10,802          416,070  

Micron Technology, Inc.

     3,494          10/15/21          USD          85.00          USD          27,106          821,090  

Microsoft Corp.

     1,072          10/15/21          USD          305.00          USD          30,542          300,696  

Nucor Corp.

     1,403          10/15/21          USD          110.00          USD          14,594          631,350  

TE Connectivity Ltd.

     646          10/15/21          USD          145.00          USD          9,527          474,810  

Thermo Fisher Scientific, Inc.

     233          10/15/21          USD          560.00          USD          12,582          321,540  

Global Payments, Inc.

     1,198          11/19/21          USD          200.00          USD          23,171          1,209,980  

iShares China Large-Cap ETF

     6,159          11/19/21          USD          45.00          USD          24,969          354,143  

Parker-Hannifin Corp.

     795          11/19/21          USD          340.00          USD          24,806          647,925  

Williams-Sonoma, Inc.

     1,480          11/19/21          USD          170.00          USD          22,452          1,065,600  

Diamondback Energy, Inc.

     1,384          12/17/21          USD          90.00          USD          10,675          747,360  

Diamondback Energy, Inc.

     2,311          12/17/21          USD          115.00          USD          17,825          410,203  

SPDR S&P 500 ETF Trust

     1,235          12/17/21          USD          360.00          USD          54,156          10,194,307  

Caesars Entertainment, Inc.

     802          01/21/22          USD          100.00          USD          7,006          553,380  

Devon Energy Corp.

     4,941          01/21/22          USD          28.00          USD          12,768          1,198,192  

Devon Energy Corp.

     4,007          01/21/22          USD          35.00          USD          10,354          370,648  
                                

 

 

 
                                  

 

83,802,611

 

 

 

                                

 

 

 

Put

                                

Euro Stoxx 50

     3,335          08/20/21          EUR          3,925.00          EUR          136,378          943,540  

iShares iBoxx $ Investment Grade Corporate Bond ETF

     7,700          08/20/21          USD          134.00          USD          104,728          165,550  

 

 

  33


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Exchange-Traded Options Purchased (continued)

 

Description    Number of
Contracts
       Expiration
Date
       Exercise Price       

Notional

Amount (000)

       Value  

Put (continued)

                                

SPDR S&P 500 ETF Trust

     25,530          08/20/21          USD          415.00          USD          1,119,516        $ 3,752,910  

American Airlines Group, Inc.

     627          09/17/21          USD          18.00          USD          1,278          40,128  

Euro Stoxx 50

     2,566          09/17/21          EUR          3,900.00          EUR          104,931          1,503,695  

iShares iBoxx $ High Yield Corporate Bond ETF

     20,231          09/17/21          USD          84.00          USD          177,709          566,468  

iShares iBoxx $ High Yield Corporate Bond ETF

     22,067          09/17/21          USD          86.00          USD          193,837          1,125,417  

iShares iBoxx $ Investment Grade Corporate Bond ETF

     7,700          09/17/21          USD          133.00          USD          104,728          396,550  

PG&E Corp.

     1,078          09/17/21          USD          8.00          USD          948          23,177  

Lowe’s Cos., Inc.

     1,383          10/15/21          USD          190.00          USD          26,649          1,096,027  

90-Day Eurodollar, Futures

     1,982          12/10/21          USD          99.37          USD          197          161,038  

90-Day Eurodollar, Futures

     16,622          12/10/21          USD          98.38          USD          1,641          3,532,175  

Uber Technologies, Inc.

     376          12/17/21          USD          25.00          USD          1,634          8,836  
                                

 

 

 
                                   13,315,511  
                                

 

 

 
                                 $ 97,118,122  
                                

 

 

 

OTC Barrier Options Purchased

 

Description   Type of Option   Counterparty   Number of
Contracts
    Expiration
Date
    Exercise Price     

Barrier

Price/Range

    

Notional

Amount (000)

     Value  

Put

                        

AUD Currency

  Down-and-out   HSBC Bank PLC           09/28/21       JPY       80.50        JPY       76.00        AUD       134,939      $ 675,932  

S&P 500 ETF

  Up-and-in  

Morgan Stanley & Co. International PLC

    31,978       10/15/21       USD       4,339.43        USD       4491.31        USD       140,552        1,329,706  
                        

 

 

 
                         $ 2,005,638  
                        

 

 

 

OTC Options Purchased

 

 

 

Description

     Counterparty         
Number of
Contracts
 
 
      
Expiration
Date
 
 
       Exercise Price         

Notional

Amount (000)

 

 

       Value  

 

 

Call

                           

D.R. Horton, Inc.

     Citibank N.A.          279,671          08/20/21        USD 90.00        USD 26,689        $ 1,782,903  

Euro Stoxx 50

     Goldman Sachs International          11,140          08/20/21        EUR 4,250.00        EUR 45,555          161,213  

Global Payments, Inc.

     Citibank N.A.          291,929          08/20/21        USD 200.00        USD 56,462          1,284,488  

LVMH Moet Hennessy Louis Vuitton SE

     Barclays Bank PLC          25,552          08/20/21        EUR 675.00        EUR 17,219          410,599  

PayPal Holdings, Inc.

     BNP Paribas S.A.          114,290          08/20/21        USD 297.50        USD 31,490          132,757  

Adidas AG

     Barclays Bank PLC          42,362          09/17/21        EUR 330.00        EUR 12,967          163,192  

Autodesk, Inc.

     Nomura International PLC          143,793          09/17/21        USD 295.00        USD 46,176          4,436,946  

Euro Stoxx 50

     Credit Suisse International          9,284          09/17/21        EUR   4,150.00        EUR 37,965          654,547  

United Rentals, Inc.

     Credit Suisse International          45,200          09/17/21        USD 360.00        USD 14,896          250,860  

Sanofi SA

     Credit Suisse International          132,694          10/15/21        EUR 90.00        EUR 11,528          239,260  

Unilever PLC

     Credit Suisse International          419,713          10/15/21        EUR 49.77        EUR 20,394          712,711  

Vodafone Group PLC, ADR

     BNP Paribas S.A.          8,368,486          10/15/21        GBP  1.25        GBP  9,723          203,563  

USD Currency

     JPMorgan Chase Bank N.A.                   10/27/21        CNH  6.60        USD 64,305          282,814  

Euro Stoxx 50

     Credit Suisse International          9,284          11/19/21        EUR 4,200.00        EUR 37,965          904,506  

Vodafone Group PLC, ADR

     Goldman Sachs International          8,362,074          11/19/21        GBP  1.25        GBP  9,715          348,699  

Amazon.com, Inc.

     Citibank N.A.          10,155          06/17/22        USD 4,150.00        USD 33,792          1,085,062  
                           

 

 

 
                             

 

13,054,120

 

 

 

                           

 

 

 

Put

                           

iShares National Muni Bond ETF

     Credit Suisse International          3,487          08/20/21        USD 113.00        USD 410           

iShares National Muni Bond ETF

     Credit Suisse International          3,497          08/20/21        USD 114.00        USD 411           

USD Currency

    
Morgan Stanley & Co.
International PLC
 
 
                08/25/21        MXN  19.75        USD 100,193          611,576  

USD Currency

     Bank of America N.A.                   08/26/21        RUB  72.50        USD 93,348          508,932  

USD Currency

     JPMorgan Chase Bank N.A.                   08/26/21        ZAR 13.75        USD 73,767          38,285  

USD Currency

     Bank of America N.A.                   09/09/21        BRL  5.20        USD 33,341          603,139  

EUR Currency

    
Morgan Stanley & Co.
International PLC
 
 
                09/23/21        USD 1.17        EUR 653,094          2,007,720  
                           

 

 

 
                              3,769,652  
                           

 

 

 
                            $   16,823,772  
                           

 

 

 

 

 

34  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

OTC Dual Binary Options Purchased

 

 

 

Description(a)

     Counterparty          Units         
Expiration
Date
 
 
      

Notional

Amount (000)

 

 

       Value  

 

 

Call

                      

SPX >= 4,567.729 and USSW10 >= 1.70

     Goldman Sachs International          1,685          10/15/21          USD     7,406        $ 464,533  

SPX >= 4,567.729 and USSW10 >= 1.70

     Goldman Sachs International          1,685          10/29/21          USD     7,406          543,661  
                      

 

 

 
                       $

 

1,008,194

 

 

 

                      

 

 

 

 

  (a) 

Option only pays if both terms are met on the expiration date.

 

OTC Credit Default Swaptions Purchased

 

  

 

  Paid by the Fund   Received by the Fund      

 

  Expiration     Credit     Exercise   Notional       

 

 
Description   Rate     Frequency   Rate     Frequency    Counterparty   Date     Rating(a)     Price   Amount (000)(b)     Value  

Put

                                                                

Sold Protection on 5-Year Credit Default Swap, 06/20/26

    1.00   Quarterly    

3-Month
LIBOR,
0.12
 
 
  Quarterly   

Morgan Stanley & Co. International PLC

    08/18/21       NR     USD 55.00   USD 95,775     $ 36,058  

Sold Protection on 5-Year Credit Default Swap, 06/20/26

    5.00   Quarterly    

3-Month
LIBOR,
0.12
 
 
  Quarterly   

JPMorgan Chase Bank N.A.

    08/18/21       NR     USD 108.50   USD 16,630       60,971  

Sold Protection on 5-Year Credit Default Swap, 06/20/26

    5.00   Quarterly    

3-Month
LIBOR,
0.12
 
 
  Quarterly   

Morgan Stanley & Co. International PLC

    08/18/21       NR     USD 108.00   USD 11,315       28,721  

Sold Protection on 5-Year Credit Default Swap, 06/20/26

    5.00   Quarterly    

3-Month
LIBOR,
0.12
 
 
  Quarterly    Bank of America N.A.     08/18/21       NR     USD 108.00   USD 11,310       28,708  

Sold Protection on 5-Year Credit Default Swap, 06/20/26

    5.00   Quarterly    

3-Month
LIBOR,
0.12
 
 
  Quarterly   

JPMorgan Chase Bank N.A.

    08/18/21       NR     USD 108.00   USD 11,745       29,813  

Sold Protection on 5-Year Credit Default Swap, 06/20/26

    5.00   Quarterly    

3-Month
LIBOR,
0.12
 
 
  Quarterly    Bank of America N.A.     08/18/21       NR     USD 108.00   USD 11,260       28,581  

Sold Protection on 5-Year Credit Default Swap, 06/20/26

    5.00   Quarterly    

3-Month
LIBOR,
0.12
 
 
  Quarterly   

JPMorgan Chase Bank N.A.

    09/15/21       NR     USD 108.00   USD 11,250       75,286  
                    

 

 

 
                     $

 

288,138

 

 

 

                    

 

 

 

 

  (a) 

Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

 

 

  (b) 

The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

 

OTC Interest Rate Swaptions Purchased

 

  

 

  Paid by the Fund   Received by the Fund      

 

  Expiration     Exercise     Notional       

 

 
Description   Rate     Frequency   Rate     Frequency    Counterparty   Date     Rate     Amount (000)     Value  

Call

                                                            

10-Year Interest Rate Swap, 10/01/31

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     1.10%     Semi-Annual   

Goldman Sachs
International

    09/29/21       1.10   USD 191,975     $ 897,091  

10-Year Interest Rate Swap, 12/26/31

   
6-Month
EURIBOR, (0.52%
 
  Semi-Annual     0.07%     Annual   

Goldman Sachs
International

    12/24/21       0.07     EUR 103,788       2,044,455  

30-Year Interest Rate Swap, 04/22/52

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     1.60%     Semi-Annual   

Goldman Sachs
International

    04/20/22       1.60     USD   51,063       2,573,386  

30-Year Interest Rate Swap, 04/22/52

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     1.60%     Semi-Annual   

Goldman Sachs
International

    04/20/22       1.60     USD  51,062       2,573,349  

10-Year Interest Rate Swap, 04/23/32

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     1.30%     Semi-Annual   

Morgan Stanley & Co. International PLC

    04/21/22       1.30     USD  108,285       2,044,538  

1-Year Interest Rate Swap, 03/18/24

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     0.80%     Semi-Annual   

Morgan Stanley & Co. International PLC

    03/16/23       0.80     USD  1,362,004       4,429,796  
                  

 

 

 
                    

 

14,562,615

 

 

 

                  

 

 

 

Put

                  

5-Year Interest Rate Swap, 11/10/26

    1.15   Semi-Annual    
6-Month
LIBOR, 0.15%
 
 
  Quarterly    Citibank N.A.     11/08/21       1.15     USD  263,554       596,792  

 

 

  35


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

OTC Interest Rate Swaptions Purchased (continued)

 

  

 

  Paid by the Fund   Received by the Fund      

 

  Expiration     Exercise    

Notional

    

 

 
Description   Rate     Frequency   Rate     Frequency    Counterparty   Date     Rate    

Amount (000)

  Value  

Put (continued)

                                                            

30-Year Interest Rate Swap, 11/18/51

    0.48   Annual    

6-Month
EURIBOR,

(0.52%)

 
 

 

  Semi-Annual   

JPMorgan Chase Bank N.A.

    11/16/21       0.48   EUR   99,286   $ 1,356,278  

30-Year Interest Rate Swap, 11/26/51

    0.49   Annual    

6-Month
EURIBOR,

(0.52%)

 
 

 

  Semi-Annual   

Goldman Sachs International

    11/24/21       0.49     EUR   97,137     1,369,003  

30-Year Interest Rate Swap, 12/11/51

    0.52   Annual    

6-Month
EURIBOR,

(0.52%)

 
 

 

  Semi-Annual   

Goldman Sachs International

    12/09/21       0.52     EUR   90,274     1,269,235  

10-Year Interest Rate Swap, 12/31/31

    1.79   Semi-Annual    
3-Month
LIBOR, 0.12%
 
 
  Quarterly   

Goldman Sachs International

    12/29/21       1.79     USD   129,735     664,794  

1-Year Interest Rate Swap, 07/07/23

    0.50   Semi-Annual    
3-Month
LIBOR, 0.12%
 
 
  Quarterly   

Morgan Stanley & Co. International PLC

    07/05/22       0.50     USD   1,488,580     1,160,289  
                    

 

 

 
                       6,416,391  
                    

 

 

 
                     $

 

20,979,006

 

 

 

                    

 

 

 

Exchange-Traded Options Written

 

 

 

Description

   
Number of
Contracts
 
 
    
Expiration
Date
 
 
     Exercise Price       

Notional

Amount (000)

 

 

     Value  

 

 

Call

                   

Amazon.com, Inc.

    169        08/20/21        USD        3,900.00        USD        56,236      $ (54,503

Capital One Financial Corp.

    1,372        08/20/21        USD        160.00        USD        22,185        (696,290

ConocoPhillips

    4,520        08/20/21        USD        75.00        USD        25,339        (13,560

Energy Select Sector SPDR Fund

    32,099        08/20/21        USD        65.00        USD        158,537        (64,198

Freeport-McMoRan, Inc.

    2,116        08/20/21        USD        46.00        USD        8,062        (19,044

Mastercard, Inc., Class A

    1,356        08/20/21        USD        400.00        USD        52,333        (437,310

UWM Holdings Corp., Class A

    582        08/20/21        USD        12.50        USD        444        (2,910

Western Digital Corp.

    1,285        08/20/21        USD        100.00        USD        8,344        (14,135

Western Digital Corp.

    1,077        08/20/21        USD        80.00        USD        6,993        (31,233

Western Digital Corp.

    966        08/20/21        USD        76.00        USD        6,272        (51,198

Zscaler, Inc.

    747        08/20/21        USD        250.00        USD        17,622        (214,763

Albemarle Corp.

    733        09/17/21        USD        210.00        USD        15,103        (828,290

Alphabet Inc., Class C

    113        09/17/21        USD        3,000.00        USD        30,560        (88,140

Apple, Inc.

    3,882        09/17/21        USD        170.00        USD        56,623        (122,283

Comcast Corp., Class A

    7,157        09/17/21        USD        65.00        USD        42,105        (125,248

Facebook, Inc., Class A

    1,561        09/17/21        USD        405.00        USD        55,618        (247,418

iShares China Large-Cap ETF

    10,266        09/17/21        USD        48.00        USD        41,618        (41,064

Mastercard, Inc., Class A

    944        09/17/21        USD        415.00        USD        36,433        (351,640

SPDR S&P 500 ETF Trust

    21,398        09/17/21        USD        454.00        USD        938,324        (4,204,707

Wells Fargo & Co.

    6,220        09/17/21        USD        52.50        USD        28,575        (149,280

Facebook, Inc., Class A

    1,436        10/15/21        USD        415.00        USD        51,165        (323,100

iShares China Large-Cap ETF

    26,796        10/15/21        USD        46.00        USD        108,631        (562,716

Lowe’s Cos., Inc.

    1,383        10/15/21        USD        220.00        USD        26,649        (212,291

Micron Technology, Inc.

    3,494        10/15/21        USD        95.00        USD        27,106        (270,785

Global Payments, Inc.

    1,198        11/19/21        USD        220.00        USD        23,171        (557,070

iShares China Large-Cap ETF

    6,159        11/19/21        USD        49.00        USD        24,969        (80,067

Diamondback Energy, Inc.

    1,384        12/17/21        USD        130.00        USD        10,675        (134,940

Diamondback Energy, Inc.

    2,311        12/17/21        USD        135.00        USD        17,825        (179,103

SPDR S&P 500 ETF Trust

    2,674        12/17/21        USD        455.00        USD        117,258        (2,298,303

Caesars Entertainment, Inc.

    802        01/21/22        USD        130.00        USD        7,006        (141,553

Devon Energy Corp.

    4,007        01/21/22        USD        40.00        USD        10,354        (230,403

Devon Energy Corp.

    4,941        01/21/22        USD        38.00        USD        12,768        (358,222
                   

 

 

 
                     

 

(13,105,767

 

 

                   

 

 

 

Put

                   

Amazon.com, Inc.

    82        08/20/21        USD        2,800.00        USD        27,286        (27,962

Comcast Corp., Class A

    1,456        08/20/21        USD        52.50        USD        8,566        (17,472

Daimler AG

    2,669        08/20/21        EUR        70.00        EUR        20,092        (237,457

Euro Stoxx 50

    3,335        08/20/21        EUR        3,700.00        EUR        136,378        (371,877

 

 

36  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Exchange-Traded Options Written (continued)

 

 

 

Description

   
Number of
Contracts
 
 
    
Expiration
Date
 
 
     Exercise Price       

Notional

Amount (000)

 

 

     Value  

 

 

Put (continued)

                   

Global Payments, Inc.

    1,353        08/20/21        USD        170.00        USD        26,168      $ (101,475

iShares iBoxx $ Investment Grade Corporate Bond ETF

    7,700        08/20/21        USD        130.00        USD        104,728        (100,100

Las Vegas Sands Corp.

    1,408        08/20/21        USD        50.00        USD        5,963        (1,112,320

Mastercard, Inc., Class A

    678        08/20/21        USD        330.00        USD        26,167        (34,578

salesforce.com, Inc.

    720        08/20/21        USD        220.00        USD        17,419        (43,200

ServiceNow, Inc.

    569        08/20/21        USD        410.00        USD        33,451        (31,295

SPDR S&P 500 ETF Trust

    25,530        08/20/21        USD        395.00        USD        1,119,516        (1,570,095

Trane Technologies PLC

    270        08/20/21        USD        170.00        USD        5,497        (12,150

Wells Fargo & Co.

    6,315        08/20/21        USD        40.00        USD        29,011        (78,938

Zscaler, Inc.

    747        08/20/21        USD        190.00        USD        17,622        (26,145

Advance Auto Parts, Inc.

    529        09/17/21        USD        180.00        USD        11,218        (76,705

Carrier Global Corp.

    3,110        09/17/21        USD        43.00        USD        17,183        (38,875

D.R. Horton, Inc.

    1,682        09/17/21        USD        80.00        USD        16,051        (125,309

Deere & Co.

    183        09/17/21        USD        320.00        USD        6,617        (62,220

EQT Corp.

    8,593        09/17/21        USD        17.00        USD        15,803        (644,475

Euro Stoxx 50

    2,566        09/17/21        EUR        3,600.00        EUR        104,931        (634,657

FedEx Corp.

    596        09/17/21        USD        270.00        USD        16,685        (371,010

Freeport-McMoRan, Inc.

    2,246        09/17/21        USD        32.00        USD        8,557        (119,038

Illinois Tool Works, Inc.

    1,076        09/17/21        USD        200.00        USD        24,390        (99,530

iShares iBoxx $ High Yield Corporate Bond ETF

    20,231        09/17/21        USD        81.00        USD        177,709        (333,811

iShares iBoxx $ High Yield Corporate Bond ETF

    22,067        09/17/21        USD        83.00        USD        193,837        (496,507

iShares iBoxx $ Investment Grade Corporate Bond ETF

    7,700        09/17/21        USD        129.00        USD        104,728        (142,450

Mastercard, Inc., Class A

    944        09/17/21        USD        340.00        USD        36,433        (237,888

Societe Generale SA

    6,581        09/17/21        EUR        22.00        EUR        16,272        (312,268

Vinci S.A.

    1,849        09/17/21        EUR        85.00        EUR        16,495        (364,100

Wells Fargo & Co.

    6,220        09/17/21        USD        40.00        USD        28,575        (261,240

Apple, Inc.

    1,847        10/15/21        USD        130.00        USD        26,940        (338,001

Constellation Brands, Inc., Class A

    1,159        10/15/21        USD        200.00        USD        26,001        (281,057

Facebook, Inc., Class A

    957        10/15/21        USD        330.00        USD        34,098        (736,890

Lowe’s Cos., Inc.

    1,383        10/15/21        USD        175.00        USD        26,649        (459,847

Masco Corp.

    1,809        10/15/21        USD        55.00        USD        10,802        (185,423

Microsoft Corp.

    1,072        10/15/21        USD        255.00        USD        30,542        (304,984

Nucor Corp.

    1,403        10/15/21        USD        92.50        USD        14,594        (403,362

TE Connectivity Ltd.

    646        10/15/21        USD        125.00        USD        9,527        (56,525

Thermo Fisher Scientific, Inc.

    233        10/15/21        USD        490.00        USD        12,582        (158,440

Global Payments, Inc.

    1,198        11/19/21        USD        175.00        USD        23,171        (796,670

Parker-Hannifin Corp.

    795        11/19/21        USD        250.00        USD        24,806        (170,925

Williams-Sonoma, Inc.

    1,480        11/19/21        USD        140.00        USD        22,452        (1,184,000
                   

 

 

 
                      (13,161,271
                   

 

 

 
                    $

 

 (26,267,038

 

 

                   

 

 

 

OTC Barrier Options Written

 

 

 

   
 

Description

     Type of Option        Counterparty         
Number of
Contracts
 
 
      
Expiration
Date
 
 
       Exercise Price         
Barrier
Price/Range
 
 
      
Notional
Amount (000)
 
 
       Value    
 

 

   

  

 

Put

                                          
  Euro Stoxx 50      Down-and-in         

Credit Suisse
International

       17,192          12/17/21          EUR 3,500.00          EUR 3100          EUR    83,366        $ (1,141,716  
                                       

 

 

   

OTC Options Written

 

 

 

   

  

 

Description

 

        

   Counterparty       
Number of
Contracts
 
 
      
Expiration
Date
 
 
       Exercise Price         

Notional

Amount (000)

 

 

       Value       
 

 

   
 

Call

                                         
 

Hoya Corp.

     JPMorgan Chase Bank N.A.        92,204          08/13/21          JPY          16,625.69          JPY          1,420,403        $ (15,967  
 

Kose Corp.

     Morgan Stanley & Co. International PLC        18,604          08/13/21          JPY          19,925.43          JPY          320,919          (79  
 

Recruit Holdings Ltd.

     Goldman Sachs International        59,900          08/13/21          JPY          6,191.74          JPY          337,177          (3,931  
 

Sony Group Corp.

     Goldman Sachs International        31,486          08/13/21          JPY          11,899.94          JPY          358,153          (14,557  
 

D.R. Horton, Inc.

     Citibank N.A.        279,671          08/20/21          USD          97.50          USD          26,689          (509,001  
 

LVMH Moet Hennessy Louis Vuitton SE

     Barclays Bank PLC        25,552          08/20/21          EUR          715.00          EUR          17,219          (59,823  

 

 

  37


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

OTC Options Written (continued)

 

 

 

   

  

 

Description

     Counterparty         
Number of
Contracts
 
 
      
Expiration
Date
 
 
       Exercise Price         

Notional

Amount (000)

 

 

       Value       
 

 

   
  Call (continued)                                        
 

NXP Semiconductors NV.

     Nomura Securities International Inc          123,400          08/20/21          USD          225.00          USD          25,469        $ (145,228  
 

PayPal Holdings, Inc.

     BNP Paribas S.A.          114,290          08/20/21          USD          320.00          USD          31,490          (36,001  
 

Fanuc Corp.

     Goldman Sachs International          11,693          09/10/21          JPY          31,178.63          JPY          285,075          (2,014  
 

Hoya Corp.

     JPMorgan Chase Bank N.A.          92,162          09/10/21          JPY          17,001.10          JPY          1,419,756          (54,068  
 

Recruit Holdings Ltd.

     JPMorgan Chase Bank N.A.          59,873          09/10/21          JPY          6,437.05          JPY          337,025          (14,866  
 

Shin-Etsu Chemical Co. Ltd.

     JPMorgan Chase Bank N.A.          70,270          09/10/21          JPY          20,471.64          JPY          1,247,293          (22,931  
 

Sony Group Corp.

     Goldman Sachs International          31,472          09/10/21          JPY          13,105.73          JPY          357,994          (6,141  
 

Adidas AG

     Barclays Bank PLC          42,362          09/17/21          EUR          360.00          EUR          12,967          (24,097  
 

Autodesk, Inc.

     Nomura International PLC          207,231          09/17/21          USD          325.00          USD          66,548          (2,730,469  
 

USD Currency

     JPMorgan Chase Bank N.A.                   10/27/21          CNH          6.75          USD          96,458          (144,494  
 

Vodafone Group PLC, ADR.

     Goldman Sachs International          8,362,074          11/19/21          GBP          1.40          GBP          9,715          (87,175  
                                       

 

 

   
                                         

 

(3,870,842

 

 

 
                                       

 

 

   
  Put                                        
 

D.R. Horton, Inc.

     Citibank N.A.          279,671          08/20/21          USD          82.50          USD          26,689          (76,910  
 

Euro Stoxx 50

     Goldman Sachs International          11,140          08/20/21          EUR          3,725.00          EUR          45,555          (51,551  
 

LVMH Moet Hennessy Louis Vuitton SE

     Barclays Bank PLC          25,552          08/20/21          EUR          605.00          EUR          17,219          (38,126  
 

PayPal Holdings, Inc.

     BNP Paribas S.A.          114,290          08/20/21          USD          260.00          USD          31,490          (255,418  
 

USD Currency

     Morgan Stanley & Co. International PLC                   08/25/21          MXN          19.25          USD          150,289          (131,804  
 

USD Currency

     Bank of America N.A.                   08/26/21          RUB          70.00          USD          140,022          (57,129  
 

USD Currency

     JPMorgan Chase Bank N.A.                   08/26/21          ZAR          13.25          USD          110,651          (7,303  
 

USD Currency

     Bank of America N.A.                   09/09/21          BRL          5.00          USD          50,012          (248,307  
 

Adidas AG

     Barclays Bank PLC          42,362          09/17/21          EUR          295.00          EUR          12,967          (354,778  
 

Autodesk, Inc.

     Nomura International PLC          143,793          09/17/21          USD          250.00          USD          46,176          (117,094  
 

United Rentals, Inc.

     Credit Suisse International          45,200          09/17/21          USD          280.00          USD          14,896          (127,679  
 

EUR Currency

     Morgan Stanley & Co. International PLC                   09/23/21          USD          1.15          EUR          653,094          (344,311  
 

Sanofi SA

     Credit Suisse International          132,694          10/15/21          EUR          80.00          EUR          11,528          (124,353  
 

Unilever PLC

     Credit Suisse International          419,713          10/15/21          EUR          43.49          EUR          20,394          (233,393  
 

USD Currency

     JPMorgan Chase Bank N.A.                   10/27/21          CNH          6.45          USD          19,246          (91,227  
 

Amazon.com, Inc.

     Citibank N.A.          5,078          06/17/22          USD          2,800.00          USD          16,898          (690,100  
                                       

 

 

   
                                         

 

(2,949,483

 

 

 
                                       

 

 

   
                                        $

 

(6,820,325

 

 

 
                                       

 

 

   

OTC Credit Default Swaptions Written

 

  

 

  Paid by the Fund   Received by the Fund     

 

 

Expiration

Date

   

Credit

Rating(a)

   

      Exercise

Price

   

Notional  

    Amount (000)(b)

   

Value

 
Description   Rate       Frequency   Rate     Frequency   Counterparty

Put

                   

Sold Protection on 5-Year Credit Default Swap, 06/20/26

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     1.00   Quarterly  

Morgan Stanley & Co.
International PLC

    08/18/21       NR         USD 65.00         USD 95,775     $ (12,561

Sold Protection on 5-Year Credit Default Swap, 06/20/26

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     5.00   Quarterly  

Morgan Stanley & Co.
International PLC

    08/18/21       NR         USD 104.00         USD 11,315       (5,190

Sold Protection on 5-Year Credit Default Swap, 06/20/26

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     5.00   Quarterly  

Bank of America N.A.

    08/18/21       NR         USD 104.00         USD 11,310       (5,187

Sold Protection on 5-Year Credit Default Swap, 06/20/26

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     5.00   Quarterly  

JPMorgan Chase Bank N.A.

    08/18/21       NR         USD 104.00         USD 11,745       (5,387

Sold Protection on 5-Year Credit Default Swap, 06/20/26

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     5.00   Quarterly  

Bank of America N.A.

    08/18/21       NR         USD 104.00         USD 11,260       (5,164

Sold Protection on 5-Year Credit Default Swap, 06/20/26

   
3-Month
LIBOR, 0.12%
 
 
  Quarterly     5.00   Quarterly  

JPMorgan Chase Bank N.A.

    09/15/21       NR         USD 104.00         USD 11,250       (22,165
                   

 

 

 
                    $

 

(55,654

 

 

                   

 

 

 

 

  (a) 

Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

 

 

  (b) 

The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

 

 

 

38  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

OTC Interest Rate Swaptions Written

 

  

 

 

Paid by the Fund

 

Received by the Fund

    

 

 

Expiration

Date

   

Exercise

Rate

   

Notional

Amount (000)

      

 

 
Description   Rate     Frequency     Rate     Frequency   Counterparty   Value  

Call

                                                   

10-Year Interest Rate Swap, 08/26/31

  0.02%   Annual   6-Month EURIBOR, (0.52%)   Semi-Annual  

Goldman Sachs International

    08/24/21       0.02   EUR 103,788     $ (1,199,402

10-Year Interest Rate Swap, 09/22/31

  0.55%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly  

Morgan Stanley & Co. International PLC

    09/20/21       0.55     USD 54,644       (6,256

1-Year Interest Rate Swap, 03/18/24

  0.40%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly  

Morgan Stanley & Co. International PLC

    03/16/23       0.40     USD 1,362,004       (1,417,097

1-Year Interest Rate Swap, 03/18/24

  0.60%   Semi-Annual  

3-Month

LIBOR, 0.12%

  Quarterly  

Morgan Stanley & Co. International PLC

    03/16/23       0.60     USD 1,362,004       (2,703,537
                 

 

 

 
                    (5,326,292
                 

 

 

 

Put

                 

5-Year Interest Rate Swap, 08/08/26

  3-Month LIBOR, 0.12%   Quarterly   1.07%   Semi-Annual  

Citibank N.A.

    08/06/21       1.07     USD 263,554       (704

10-Year Interest Rate Swap, 08/26/31

  3-Month LIBOR, 0.12%   Quarterly   1.72%   Semi-Annual  

Goldman Sachs International

    08/24/21       1.72     USD 129,735       (21,033

10-Year Interest Rate Swap, 09/22/31

  3-Month LIBOR, 0.12%   Quarterly   1.40%   Semi-Annual  

Morgan Stanley & Co. International PLC

    09/20/21       1.40     USD 109,287       (662,255

10-Year Interest Rate Swap, 10/01/31

  3-Month LIBOR, 0.12%   Quarterly   1.60%   Semi-Annual  

Goldman Sachs International

    09/29/21       1.60     USD 191,975       (534,966

30-Year Interest Rate Swap, 11/18/51

  6-Month EURIBOR, (0.52%)   Semi-Annual   0.78%   Annual  

JPMorgan Chase Bank N.A.

    11/16/21       0.78     EUR 99,286       (299,591

30-Year Interest Rate Swap, 11/26/51

  6-Month EURIBOR, (0.52%)   Semi-Annual   0.79%   Annual  

Goldman Sachs International

    11/24/21       0.79     EUR 97,137       (322,352

10-Year Interest Rate Swap, 11/28/31

  3-Month LIBOR, 0.12%   Quarterly   1.85%   Semi-Annual  

Goldman Sachs International

    11/26/21       1.85     USD 181,303       (552,334

30-Year Interest Rate Swap, 12/05/51

  3-Month LIBOR, 0.12%   Quarterly   2.32%   Semi-Annual  

Goldman Sachs International

    12/03/21       2.32     USD 56,289       (315,358

30-Year Interest Rate Swap, 12/11/51

  6-Month EURIBOR, (0.52%)   Semi-Annual   0.82%   Annual  

Goldman Sachs International

    12/09/21       0.82     EUR 90,274       (330,571

10-Year Interest Rate Swap, 01/28/32

  3-Month LIBOR, 0.12%   Quarterly   1.76%   Semi-Annual  

Goldman Sachs International

    01/26/22       1.76     USD 129,147       (877,982

10-Year Interest Rate Swap, 01/28/32

  3-Month LIBOR, 0.12%   Quarterly   1.76%   Semi-Annual  

Goldman Sachs International

    01/26/22       1.76     USD 258,294       (1,755,963

5-Year Interest Rate Swap, 06/17/31

  3-Month LIBOR, 0.12%   Quarterly   3.04%   Semi-Annual  

Barclays Bank PLC

    06/15/26       3.04     USD 215,500       (2,336,944

5-Year Interest Rate Swap, 06/17/31

  3-Month LIBOR, 0.12%   Quarterly   3.04%   Semi-Annual  

Barclays Bank PLC

    06/15/26       3.04     USD 215,505       (2,336,993

5-Year Interest Rate Swap, 07/02/31

  3-Month LIBOR, 0.12%   Quarterly   3.04%   Semi-Annual  

Morgan Stanley & Co. International PLC

    06/30/26       3.04     USD 197,160       (2,156,313
                 

 

 

 
                    (12,503,359
                 

 

 

 
                  $ (17,829,651
                 

 

 

 

Centrally Cleared Credit Default Swaps — Buy Protection

 

 

 
Reference Obligation/Index   

Financing

Rate Paid
by the Fund

    Payment
Frequency
    Termination
Date
    Notional
    Amount (000)
    Value     Upfront
Premium
Paid
(Received)
    Unrealized
Appreciation
(Depreciation)
 

 

 

CDX.NA.IG.33.V1

     1.00     Quarterly       12/20/24     USD  885,749     $ (17,722,005   $ (13,342,388   $ (4,379,617

CDX.NA.HY.34.V9

     5.00       Quarterly       06/20/25     USD 97,490       (9,509,986     2,165,045       (11,675,031

CDX.NA.IG.36.V1

     1.00       Quarterly       06/20/26     USD 122,953       (3,109,665     (2,440,834     (668,831
          

 

 

   

 

 

   

 

 

 
           $ (30,341,656)     $ (13,618,177)     $ (16,723,479
          

 

 

   

 

 

   

 

 

 

 

 

  39


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Centrally Cleared Credit Default Swaps — Sell Protection

 

 

 

Reference Obligation/Index

    

Financing
Rate Received

by the Fund

 
 

 

    
Payment
Frequency
 
 
    
Termination
Date
 
 
    
Credit
Rating
 
(a) 
   
Notional
Amount (000)
 
(b) 
     Value       

Upfront
Premium

Paid

(Received)

 
 

 

 

   

Unrealized
Appreciation
(Depreciation)
 
 
 

 

 

ITRAXX.XO.34.V1

     5.00      Quarterly        12/20/25        B       EUR   70,879      $  10,909,842      $ 5,501,286     $ 5,408,556  

ITRAXX.XO.35.V1

     5.00        Quarterly        06/20/26        B       EUR   52,175        7,819,704        7,591,405       228,299  
                

 

 

    

 

 

   

 

 

 
                 $  18,729,546      $  13,092,691     $ 5,636,855  
                

 

 

    

 

 

   

 

 

 

 

  (a) 

Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

 

 

  (b) 

The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

 

Centrally Cleared Interest Rate Swaps

 

 

 

Paid by the Fund

 

Received by the Fund

 

Effective
Date

   

Termination
Date

   

Notional
Amount (000)

   

Value

   

Upfront
Premium
Paid
(Received)

   

Unrealized
Appreciation
(Depreciation)

 
Rate   Frequency   Rate   Frequency

 

 
1.06%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       03/28/22     USD 1,037,451     $ (9,820,948   $ 2,705     $ (9,823,653
0.88%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       08/17/22     USD 577,868       (6,521,651     2,378       (6,524,029
1-Month MXIBOR, 4.51%   Monthly   4.42%   Monthly     N/A       02/28/23     MXN 958,091       (976,469     285       (976,754
1-Month MXIBOR, 4.51%   Monthly   4.50%   Monthly     N/A       03/03/23     MXN 957,790       (922,332     285       (922,617
1-Month MXIBOR, 4.51%   Monthly   4.68%   Monthly     N/A       02/27/24     MXN 679,790       (1,117,941     220       (1,118,161
1-Month MXIBOR, 4.51%   Monthly   4.86%   Monthly     N/A       03/01/24     MXN 679,790       (976,251     221       (976,472
0.40%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       03/08/24     USD 861,070       (1,580,695     5,923       (1,586,618
0.53%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     06/06/22 (a)      06/06/24     USD 204,209       129,913       1,593       128,320  
0.57%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       06/28/24     USD 198,258       (795,786     2,413       (798,199
0.51%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       07/15/24     USD 183,279       (320,427     2,230       (322,657
0.55%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       07/16/24     USD 276,663       (777,229     3,375       (780,604
0.55%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       07/22/24     USD 183,295       (510,278     2,244       (512,522
0.55%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       07/22/24     USD 91,648       (259,262     1,122       (260,384
0.49%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       07/23/24     USD 179,650       (184,362     1,938       (186,300
0.49%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       07/23/24     USD 179,650       (168,229     1,938       (170,167
1.60%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       01/24/25     USD 413,546       (15,012,063     7,613       (15,019,676
0.35%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       08/27/25     USD 156,818       1,770,683       1,583       1,769,100  
6-Month LIBOR, 0.15%   Quarterly   0.37%   Semi-Annual     N/A       10/29/25     USD 453,717       (5,666,222     4,841       (5,671,063
6-Month LIBOR, 0.15%   Quarterly   0.46%   Semi-Annual     N/A       11/24/25     USD 125,902       (1,250,268     1,365       (1,251,633
6-Month LIBOR, 0.15%   Quarterly   0.39%   Semi-Annual     N/A       02/10/26     USD 317,693       (4,495,558     3,588       (4,499,146
0.68%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       02/19/26     USD 158,475       (49,614     1,800       (51,414
0.70%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       02/23/26     USD 43,310       (47,128     493       (47,621
6-Month LIBOR, 0.15%   Quarterly   0.83%   Semi-Annual     N/A       03/09/26     USD 528,370       3,861,280       6,071       3,855,209  
0.60%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       04/08/26     USD 749,954       4,066,529       8,836       4,057,693  
0.62%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       04/08/26     USD 308,804       1,368,047       3,639       1,364,408  
6-Month LIBOR, 0.15%   Quarterly   0.85%   Semi-Annual     N/A       04/08/26     USD 749,954       5,235,096       8,836       5,226,260  
6-Month LIBOR, 0.15%   Quarterly   0.87%   Semi-Annual     N/A       04/08/26     USD 308,804       2,462,034       3,638       2,458,396  
0.63%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       05/26/26     USD 731,604       4,384,475       8,858       4,375,617  
0.64%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       05/27/26     USD   1,109,322       6,128,816       13,445       6,115,371  
0.85%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       05/27/26     USD 369,774       (1,806,518     4,481       (1,810,999
6-Month LIBOR, 0.15%   Quarterly   0.98%   Semi-Annual     N/A       06/29/26     USD 118,955       1,180,614       1,467       1,179,147  
6-Month LIBOR, 0.15%   Quarterly   0.87%   Semi-Annual     N/A       07/13/26     USD 108,004       472,336       1,323       471,013  
0.69%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       06/24/30     USD 49,810       2,177,264       791       2,176,473  
6-Month LIBOR, 0.15%   Quarterly   1.08%   Semi-Annual     N/A       08/19/30     USD 115,494       (834,396     1,890       (836,286
6-Month LIBOR, 0.15%   Quarterly   0.64%   Semi-Annual     N/A       08/21/30     USD 54,006       (2,592,657     886       (2,593,543
6-Month LIBOR, 0.15%   Quarterly   0.68%   Semi-Annual     N/A       09/16/30     USD 20,212       (925,220     333       (925,553
6-Month LIBOR, 0.15%   Quarterly   0.66%   Semi-Annual     N/A       09/25/30     USD 30,500       (1,454,055     505       (1,454,560
0.71%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       09/25/30     USD 30,500       1,315,089       505       1,314,584  
6-Month LIBOR, 0.15%   Quarterly   0.69%   Semi-Annual     N/A       09/30/30     USD 24,400       (1,094,132     404       (1,094,536
0.76%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       09/30/30     USD 24,400       934,645       404       934,241  
0.81%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       11/25/30     USD 83,001       3,071,407       1,421       3,069,986  
1.17%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       02/04/31     USD 55,705       90,111       966       89,145  
1.20%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       02/05/31     USD 32,825       (16,636     569       (17,205
6-Month LIBOR, 0.15%   Quarterly   1.40%   Semi-Annual     N/A       04/07/31     USD 243,174       4,248,314       4,327       4,243,987  
6-Month LIBOR, 0.15%   Quarterly   1.42%   Semi-Annual     N/A       04/08/31     USD 140,053       2,711,492       2,493       2,708,999  
1.57%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       05/27/31     USD 93,889       (2,920,862     1,692       (2,922,554
1.54%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       05/28/31     USD 16,655       (470,098     300       (470,398

 

 

40  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Centrally Cleared Interest Rate Swaps (continued)

 

 

 

Paid by the Fund

 

Received by the Fund

 

Effective
Date

   

Termination
Date

   

Notional
Amount (000)

   

Value

    Upfront
Premium
Paid
(Received)
   

Unrealized
Appreciation
(Depreciation)

 
Rate   Frequency   Rate   Frequency

 

 
2.18%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     06/17/26 (a)      06/17/31     USD 142,234     $ (2,678,891   $ 2,213     $ (2,681,104
2.18%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     06/17/26 (a)      06/17/31     USD 144,380       (2,710,854     2,246       (2,713,100
2.16%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     06/18/26 (a)      06/18/31     USD 144,390       (2,592,570     2,246       (2,594,816
1.99%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     07/02/26 (a)      07/02/31     USD 59,148       (576,743     920       (577,663
1.99%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     07/02/26 (a)      07/02/31     USD 138,012       (1,371,556     2,147       (1,373,703
0.89%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       07/05/50     USD 37,022       7,044,029       1,170       7,042,859  
0.88%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       07/21/50     USD 24,341       4,705,016       783       4,704,233  
6-Month LIBOR, 0.15%   Quarterly   1.08%   Semi-Annual     N/A       09/28/50     USD 12,366       (1,744,963     400       (1,745,363
6-Month LIBOR, 0.15%   Quarterly   1.08%   Semi-Annual     N/A       09/28/50     USD 53,050       (7,551,405     1,715       (7,553,120
6-Month LIBOR, 0.15%   Quarterly   1.07%   Semi-Annual     N/A       10/21/50     USD 36,511       (5,272,326     1,208       (5,273,534
1.27%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       10/24/50     USD 77,818       7,406,614       2,575       7,404,039  
6-Month LIBOR, 0.15%   Quarterly   0.97%   Semi-Annual     N/A       10/28/50     USD 29,589       (5,009,822     960       (5,010,782
1.17%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       10/28/50     USD 30,946       3,713,658       1,024       3,712,634  
0.98%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       10/31/50     USD 89,637       14,952,431       2,968       14,949,463  
1.30%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       11/21/50     USD 69,157       6,166,965       2,293       6,164,672  
1.22%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       11/28/50     USD 30,946       3,378,274       1,027       3,377,247  
1.45%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       12/12/50     USD 23,045       1,222,367       766       1,221,601  
6-Month LIBOR, 0.15%   Quarterly   1.20%   Semi-Annual     N/A       12/22/50     USD 119,778       (13,776,739     3,984       (13,780,723
1.27%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       12/30/50     USD 30,946       3,033,993       1,029       3,032,964  
1.45%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       01/09/51     USD 75,484       4,182,325       2,487       4,179,838  
1.52%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       01/09/51     USD 25,851       956,324       852       955,472  
1.63%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       01/25/51     USD 55,179       656,772       1,821       654,951  
1.48%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       01/30/51     USD 97,002       4,621,014       3,202       4,617,812  
1.58%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       02/01/51     USD 56,803       966,347       1,876       964,471  
1.66%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       02/06/51     USD 31,709       (132,384     1,047       (133,431
1.68%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       02/06/51     USD 32,825       (300,085     1,085       (301,170
0.89%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       02/10/51     USD 57,762       10,951,880       1,909       10,949,971  
6-Month LIBOR, 0.15%   Quarterly   1.24%   Semi-Annual     N/A       02/10/51     USD 86,644       (8,829,397     2,863       (8,832,260
1.91%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       02/22/51     USD 12,870       (857,128     426       (857,554
1.97%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       05/30/51     USD 7,995       (618,504     270       (618,774
2.01%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       05/30/51     USD 48,563       (4,204,669     1,635       (4,206,304
2.04%   Semi-Annual   3-Month LIBOR, 0.12%   Quarterly     N/A       06/07/51     USD 15,155       (1,399,412     511       (1,399,923
6-Month LIBOR, 0.15%   Quarterly   1.83%   Semi-Annual     N/A       06/22/51     USD 32,767       1,299,909       1,106       1,298,803  
             

 

 

   

 

 

   

 

 

 
              $ (2,328,672   $ 180,997     $ (2,509,669
             

 

 

   

 

 

   

 

 

 

 

  (a) 

Forward Swap.

 

OTC Credit Default Swaps — Buy Protection

 

 

 

Reference Obligations/Index

   

Financing
Rate Paid
by the Fund
 
 
 
   
Payment
Frequency
 
 
  Counterparty    
Termination
Date
 
 
   
Notional
Amount (000)
 
 
    Value      


Upfront
Premium
Paid
(Received)
 
 
 
 
   

Unrealized
Appreciation
(Depreciation)
 
 
 

 

 

Bombardier Inc

    5.00     Quarterly     Barclays Bank PLC     06/20/23       USD      8,698     $ (509,001   $ 921,545     $ (1,430,546
           

 

 

   

 

 

   

 

 

 

OTC Credit Default Swaps — Sell Protection

 

 

 
Reference Obligation/Index   Financing
Rate Received
by the Fund
    Payment
Frequency
    Counterparty   Termination
Date
    Credit    
Rating(a)
   

Notional    

Amount (000)(b)

    Value    

Upfront
Premium
Paid

(Received)

    Unrealized
Appreciation
(Depreciation)
 

 

 

Bombardier Inc.

    5.00     Quarterly     Barclays Bank PLC     12/20/21       CCC       USD       13,050       $ 270,019     $ (233,214   $ 503,233  

Trust Fibrauno

    1.00       Quarterly     Citibank N.A.     06/20/26       NR       USD         3,889         (278,604     (423,642     145,038  

Trust Fibrauno

    1.00       Quarterly     Citibank N.A.     06/20/26       NR       USD            687         (49,216     (74,983     25,767  
             

 

 

   

 

 

   

 

 

 
              $ (57,801   $ (731,839   $ 674,038  
             

 

 

   

 

 

   

 

 

 

 

  (a) 

Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.

 

 

  (b) 

The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.

 

 

 

  41


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

OTC Total Return Swaps — Future

 

 

 

Reference Entity

   

Fixed Amount Paid (Received)

by the Fund

 

(a) 

   

    

 

 

  Counterparty    
Termination
Date
 
 
   
Notional
Amount (000)
 
 
    Value      


Upfront
Premium
Paid
(Received)
 
 
 
 
   

Unrealized
Appreciation
(Depreciation)
 
 
 

 

 

S&P 500 Index Annual Dividend Future December 2021

  USD 7,937,925       BNP Paribas S.A.     12/17/21       USD     7,938     $ 1,806,675     $     $ 1,806,675  
           

 

 

   

 

 

   

 

 

 

 

  (a) 

At termination, the fixed amount paid (received) will be exchanged for the total return of the reference entity.

 

OTC Total Return Swaps

 

 

 

Paid by the Fund

 

Received by the Fund

  Counterparty    

Effective

Date

 

 

 

Termination

Date(a)

   

Notional

Amount (000

 

    Value      


Upfront
Premium
Paid
(Received)
 
 
 
 
   

Unrealized
Appreciation
Depreciation
 
 
 
Rate/Reference   Frequency   Rate/Reference   Frequency

 

 

Financial Select Sector SPDR Fund

  Quarterly  

3-Month LIBOR plus 0.30%, 0.12%

  Monthly   JPMorgan Chase Bank N.A.     N/A     09/16/21   USD 10,624     $ 157,488     $     $ 157,488  

3-Month LIBOR, 0.12%

  Quarterly  

Markit iBoxx USD Liquid Leveraged Loan Index

  Monthly   Goldman Sachs International     N/A     09/20/21   USD 41,398       (370,992           (370,992

3-Month LIBOR, 0.12%

  Quarterly  

Markit iBoxx USD Liquid Leveraged Loan Index

  Monthly   Morgan Stanley & Co. International PLC     N/A     09/20/21   USD 27,599       (235,629     (11,732     (223,897

iShares iBoxx $ High Yield Corporate Bond ETF

  Monthly  

3-Month LIBOR minus 2.15%, 0.12%

  Monthly   Citibank N.A.     N/A     10/19/21   USD 16,038       (147,028           (147,028

iShares iBoxx $ Investment Grade Corporate Bond ETF

  Monthly  

3-Month LIBOR minus 0.85%, 0.12%

  Monthly   Citibank N.A.     N/A     10/19/21   USD 16,242       (29,866           (29,866

iShares iBoxx $ Investment Grade Corporate Bond ETF

  Monthly  

3-Month LIBOR minus 0.85%, 0.12%

  Monthly   Citibank N.A.     N/A     10/19/21   USD 32,484       (59,733           (59,733

iShares iBoxx $ Investment Grade Corporate Bond ETF

  Monthly  

3-Month LIBOR minus 0.85%, 0.12%

  Monthly   Citibank N.A.     N/A     10/19/21   USD 16,239       (32,258           (32,258

iShares iBoxx $ Investment Grade Corporate Bond ETF

  Monthly  

3-Month LIBOR minus 0.85%, 0.12%

  Monthly   Citibank N.A.     N/A     10/21/21   USD 15,969       (104,461           (104,461

3-Month LIBOR plus 0.10%, 0.12%

  Quarterly  

SHELL: GSCBBL8X (GSCBBL8X) Quarterly

    Goldman Sachs International     N/A     02/22/22   USD 5,030       973,088             973,088  
               

 

 

   

 

 

   

 

 

 
                $ 150,609     $ (11,732   $ 162,341  
               

 

 

   

 

 

   

 

 

 

 

  (a) 

Certain swaps have no stated termination and can be terminated by either party at any time.

 

 

 

42  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

OTC Total Return Swaps

 

Reference Entity    Payment
Frequency
       Counterparty(a)     

Termination

Date

       Net Notional      Accrued
Unrealized
Appreciation
(Depreciation)
   

Net Value of
Reference

Entity

     Gross
Notional
Amount
Net Asset
Percentage
 

Equity Securities Long/Short

     Monthly        Citibank N.A.(b)        01/26/22 – 02/24/23        $ 9,007,234      $ 3,588,438 (c)    $ 12,904,611        0.3
     Monthly        JPMorgan Chase Bank
N.A.(d)
       11/15/21 – 02/08/23          (58,775,336      81,047 (e)      (58,352,667      0.2  
                    

 

 

   

 

 

    
                     $

 

3,669,485

 

 

 

  $

 

(45,448,056

 

 

  
                    

 

 

   

 

 

    

 

  (a) 

The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions.

 
  (c) 

Amount includes $ (308,939) of net dividends and financing fees.

 
  (e) 

Amount includes $ (341,622) of net dividends and financing fees.

 

The following are the specified benchmarks (plus or minus a range) used in determining the variable rate of interest:

   

(b)

   

(d)

Range:

 

                

 

18-248 basis points

   

5-175 basis points

Benchmarks:

   

USD - 1D Overnight Bank Funding Rate (OBFR01)

   

USD - 1D Overnight Bank Funding Rate (OBFR01)

   

USD - 1M US Dollar LIBOR BBA

   

USD - 1D Overnight Fed Funds Effective Rate (FEDL01)

   

USD - 1W US Dollar LIBOR BBA

   

USD - 1M US Dollar LIBOR BBA

 

 

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with Citibank N.A. as of period end, termination dates January 26, 2022 and February 24, 2023:

 

Security   Shares     Value     % of
Basket
Value
 

Reference Entity — Long

 

Common Stocks  
Italy  

Leonardo SpA

    6,397,365     $   50,274,934       389.6
   

 

 

   

 

 

 

Total Reference Entity — Long

 

    50,274,934    
   

 

 

   

Reference Entity — Short

 

Common Stocks  
Brazil  

Banco Btg Pactual Sa Unit

    (83,624     (469,800     (3.6
   

 

 

   

 

 

 
Canada  

Power Corp. Of Canada

    (22,177     (707,830     (5.5
   

 

 

   

 

 

 
China  

BeiGene Ltd., ADR

    (2,034     (643,944     (5.0

Bilibili American Depositary Share

    (24,265     (2,076,599     (16.1

China Conch Venture Holdings Ltd.

    (453,000     (1,651,574     (12.8

China Molybdenum Co. Ltd., Class H

    (477,000     (349,136     (2.7

China Vanke Co. Ltd.

    (298,000     (776,306     (6.0

Gsx Techedu, Inc., ADR

    (24,068     (76,777     (0.6

Kingsoft Cloud Holdings Ltd.

    (13,609     (394,661     (3.1

Longfor Group Holdings Ltd.

    (270,000     (1,255,015     (9.7

Microport Scientific Corp.

    (220,700     (1,669,378     (12.9

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H

    (223,000     (2,043,723     (15.9
Security   Shares     Value     % of
Basket
Value
 
China (continued)  

Travelsky Technology Ltd., Class H

    (130,000   $ (220,841     (1.7 )% 

Xinyi Solar Holdings Ltd.

    (58,000     (116,828     (0.9
   

 

 

   

 

 

 
      (11,274,782  
Comoros  

China Longyuan Power Group Corp. Ltd.

    (639,000     (1,196,634     (9.2

Sunny Optical Tech

    (27,100     (822,797     (6.4
   

 

 

   

 

 

 
      (2,019,431  
Finland  

Sampo Oyj

    (61,592     (2,964,336     (23.0
   

 

 

   

 

 

 
France  

Air Liquide Sa

    (3,527     (613,375     (4.8

Airbus SE

    (5,111     (701,069     (5.4
   

 

 

   

 

 

 
      (1,314,444  
Hong Kong  

China Resources Gas Group Ltd.

    (90,000     (554,744     (4.3
   

 

 

   

 

 

 
Japan  

Vestas Wind Systems A/s

    (51,953     (1,915,743     (14.8
   

 

 

   

 

 

 
South Korea  

Celltrion Healthcare Co. Ltd.

    (18,558     (1,736,766     (13.5

Hyundai Motor Co.

    (2,598     (494,438     (3.8

Korea Shipbuilding & Offshore Engineering Co. Ltd.

    (7,231     (821,583     (6.4
   

 

 

   

 

 

 
      (3,052,787  
Spain  

Ferrovial Sa

    (11,297     (335,240     (2.6

Grifols SA

    (7,698     (195,774     (1.5
   

 

 

   

 

 

 
      (531,014  
 

 

 

  43


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Security   Shares     Value     % of
Basket
Value
 

Sweden

     

Evolution Ab

    (3,107   $ (540,618     (4.2 )% 

Investor Ab, B Shares

    (25,417     (629,440     (4.8

Skandinaviska Enskilda Banken AB

    (117,202     (1,585,150     (12.3
   

 

 

   

 

 

 
      (2,755,208  

Taiwan

     

E.Sun Financial Holding Co. Ltd

    (293,000     (277,894     (2.2
   

 

 

   

 

 

 

United Kingdom

     

Bt Group Plc

    (241,927     (582,738     (4.5

HSBC Holdings PLC

    (167,656     (925,494     (7.2

Prudential PLC

    (23,306     (437,660     (3.4

SSE PLC

    (52,848     (1,059,575     (8.2

Tesco PLC

    (453,733     (1,468,916     (11.4
   

 

 

   

 

 

 
      (4,474,383  

United States

     

Amphenol Corp., Class A

    (15,927     (1,154,548     (8.9

Archer Daniels Midland Co

    (25,244     (1,507,572     (11.7

Boeing Co.

    (9,739     (2,205,689     (17.1

Centene Corp.

    (2,771     (190,118     (1.5
   

 

 

   

 

 

 
      (5,057,927  
   

 

 

   

Total Reference Entity — Short

      (37,370,323  
   

 

 

   

Net Value of Reference Entity — Citibank N.A.

    $ 12,904,611    
   

 

 

   

The following table represents the individual short positions and related values of the equity securities underlying the total return swap with JPMorgan Chase Bank N.A. as of period end, termination dates November 15, 2021 and February 8, 2023:

 

Security   Shares     Value     % of
Basket
Value
 

Reference Entity — Short

 

Common Stocks  
Australia  

Afterpay Ltd.

    (6,537   $ (464,665     0.8

Macquarie Group Ltd.

    (15,701     (1,812,970     3.1  

Sydney Airport

    (59,584     (342,857     0.6  

Transurban Group

    (41,392     (436,594     0.7  
   

 

 

   

 

 

 
      (3,057,086  

Brazil

     

Americanas Sa

    (39,109     (368,694     0.6  

Hapvida Participacoes e Investimentos SA

    (473,147     (1,292,734     2.2  

Raia Drogasil SA

    (251,472     (1,218,673     2.1  
   

 

 

   

 

 

 
      (2,880,101  

Canada

     

Agnico Eagle Mines Ltd.

    (9,040     (584,818     1.0  

Fairfax Financial Hldgs Ltd.

    (1,493     (628,912     1.1  

Shaw Communications, Inc., Class B

    (18,023     (526,417     0.9  
   

 

 

   

 

 

 
      (1,740,147  

China

     

CanSino Biologics, Inc.

    (7,800     (330,890     0.6  

China Southern Airlines Co. Ltd., Class H

    (1,358,000     (714,188     1.2  

Chocoladefabriken Lindt & Spruengli AG

    (196     (2,196,169     3.8  

Country Garden Holdings Ltd.

    (1,107,000     (1,082,226     1.8  

Country Garden Services Holdings Co. Ltd.

    (76,000     (617,112     1.1  

 

Security   Shares     Value     % of
Basket
Value
 

China (continued)

     

Credit Suisse Group AG.

    (554,913   $ (5,570,937     9.5

Great Wall Motor Co. Ltd., Class H

    (338,500     (1,635,482     2.8  

Innovent Biologics, Inc.

    (73,000     (747,466     1.3  

iQIYI, Inc., ADR

    (228,652     (2,551,756     4.4  

Shandong Weigao Group Medical Polymer Co. Ltd., Class H

    (44,000     (78,946     0.1  

Shenzhou International Group Holdings Ltd.

    (22,300     (494,910     0.8  

Trip Com Group Adr Ltd.

    (8,396     (217,708     0.4  

Xiaomi Corp.

    (153,000     (501,117     0.9  
   

 

 

   

 

 

 
      (16,738,907  

Comoros

     

Fuyao Glass Industry Group Co Ltd.

    (84,400     (537,334     0.9  

GDS Holdings Ltd. ADR

    (14,289     (842,479     1.4  

Kunlun Energy Co. Ltd.

    (394,000     (340,632     0.6  

Ping An Healthcare and Technology Co. Ltd.

    (85,200     (797,175     1.4  

Shandong Gold Mining Co. Ltd., Class H

    (626,750     (1,107,600     1.9  

Tencent Music Entertainment Group, ADR

    (27,072     (286,151     0.5  

Zai Lab Ltd. ADR

    (1,779     (257,261     0.4  
   

 

 

   

 

 

 
      (4,168,632  

Denmark

     

Hannover Rueck Se

    (5,821     (978,413     1.7  
   

 

 

   

 

 

 

Hong Kong

     

Ck Asset Holdings Ltd.

    (155,500     (1,057,975     1.8  

Geely Automobile Holdings Ltd.

    (441,000     (1,479,285     2.5  

Link REIT

    (48,238     (460,979     0.8  

Shimano, Inc.

    (5,100     (1,305,493     2.3  
   

 

 

   

 

 

 
      (4,303,732  

Japan

     

Central Japan Railway Co.

    (17,500     (2,545,631     4.4  

Eisai Co Ltd.

    (4,500     (370,137     0.6  

Japan Post Holdings Co Ltd.

    (25,600     (217,304     0.4  

Mitsui Fudosan Co Ltd.

    (80,300     (1,877,997     3.2  

Nippon Paint Holdings Co. Ltd.

    (9,200     (117,431     0.2  

Secom Co. Ltd.

    (9,300     (703,922     1.2  

Sekisui House Ltd.

    (7,000     (138,638     0.2  

Seven & i Holdings Co. Ltd.

    (4,800     (214,178     0.4  

Sumitomo Realty + Development

    (21,400     (697,495     1.2  

Sysmex Corp.

    (1,900     (226,082     0.4  
   

 

 

   

 

 

 
      (7,108,815  

Macau

     

Galaxy Entertainment Group

    (112,000     (759,028     1.3  
   

 

 

   

 

 

 

Mexico

     

Wal-Mart de Mexico SAB de CV

    (200,928     (662,350     1.1  
   

 

 

   

 

 

 

South Africa

     

Capitec Bank Holdings Ltd.

    (11,475     (1,274,086     2.2  
   

 

 

   

 

 

 

South Korea

     

Posco Chemical Co Ltd.

    (15,971     (2,143,514     3.6  

Samsung C&T Corp.

    (2,344     (288,747     0.5  

Samsung Life Insurance Co.

    (2,471     (162,137     0.3  
   

 

 

   

 

 

 
      (2,594,398  

Spain

     

Aena SME SA

    (10,383     (1,653,459     2.8  
   

 

 

   

 

 

 

Switzerland

     

Schindler Holding AG

    (4,428     (1,433,500     2.5  
   

 

 

   

 

 

 
 

 

 

44  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Security   Shares     Value     % of
Basket
Value
 

United Kingdom

     

Aviva PLC

    (256,761   $   (1,378,971     2.4
   

 

 

   

 

 

 

United States

     

Allstate Corp.

    (9,180     (1,193,859     2.0  

Hershey Co.

    (5,051     (903,523     1.6  

Kraft Heinz Co/the

    (8,172     (314,377     0.5  

Mondelez International, Inc., Class A

    (8,088     (511,647     0.9  

Paychex Inc.

    (13,294     (1,513,123     2.6  
Security   Shares     Value     % of
Basket
Value
 

United States (continued)

     

Roper Technologies, Inc.

    (5,542   $ (2,723,006     4.7

Xcel Energy, Inc.

    (6,762     (461,507     0.8  
   

 

 

   

 

 

 
      (7,621,042  
   

 

 

   
      (58,352,667  
   

 

 

   

Net Value of Reference Entity — JPMorgan Chase Bank N.A.

    $   (58,352,667  
   

 

 

   
 

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

   

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access;

 

   

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

 

   

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

Certain investments of the Fund were fair valued using net asset value (“NAV”) per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Consolidated Schedule of Investments above.

 

                                                                                                                       
      Level 1        Level 2        Level 3        Total  

Assets

                 

Investments

                 

Long-Term Investments

                 

Asset-Backed Securities

   $        $ 610,821,874        $ 53,533,310        $ 664,355,184  

Common Stocks

                 

Argentina

     114,171,555                            114,171,555  

Australia

              32,939,220          44,933,735          77,872,955  

Belgium

              1,095,144                   1,095,144  

Brazil

     36,622,392                            36,622,392  

Canada

     258,283,051                            258,283,051  

Cayman Islands

     74,099,207                            74,099,207  

Chile

     703,095                            703,095  

China

     136,067,918          506,120,847                   642,188,765  

Denmark

              74,885,722                   74,885,722  

Finland

              54,414,948                   54,414,948  

France

     4,281          882,358,410                   882,362,691  

Germany

     131,968,996          879,391,836                   1,011,360,832  

Hong Kong

     2,953,231          135,176,256                   138,129,487  

India

              61,456,264          20,243,382          81,699,646  

Indonesia

              7,059,068                   7,059,068  

 

 

  45


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Fair Value Hierarchy as of Period End (continued)

 

                                                                                                                       
      Level 1        Level 2        Level 3        Total  

Common Stocks (continued)

                 

Ireland

   $ 94,452,601        $ 519,020        $        $ 94,971,621  

Israel

     71,898,047                            71,898,047  

Italy

              419,547,207                   419,547,207  

Japan

              479,262,796                   479,262,796  

Luxembourg

              17,469,626                   17,469,626  

Mexico

     856,578                            856,578  

Netherlands

     101,421,697          510,183,523                   611,605,220  

New Zealand

              498,115                   498,115  

Norway

     2,740,119          1,061,053                   3,801,172  

Poland

              13,725,236                   13,725,236  

Portugal

     5,682,181                            5,682,181  

Saudi Arabia

              325,076                   325,076  

Singapore

     13,996,617          17,057,063                   31,053,680  

South Africa

     394,232          3,454,472                   3,848,704  

South Korea

              204,111,742                   204,111,742  

Spain

              117,441,499                   117,441,499  

Sweden

     31,950,846          314,001,018                   345,951,864  

Switzerland

     11,622,083          155,867,825                   167,489,908  

Taiwan

              287,624,163                   287,624,163  

Thailand

     5,458,877          1,572,879                   7,031,756  

United Arab Emirates

                       30          30  

United Kingdom

     192,546,006          642,485,470          23,892,622          858,924,098  

United States

     11,810,342,970          335,276,078          78,426,680          12,224,045,728  

Corporate Bonds

              1,581,246,400          295,680,243          1,876,926,643  

Floating Rate Loan Interests

              607,722,415          179,643,469          787,365,884  

Foreign Agency Obligations

              1,592,370,145                   1,592,370,145  

Investment Companies

     367,882,339                            367,882,339  

Non-Agency Mortgage-Backed Securities

              484,030,174          60,202,396          544,232,570  

Other Interests

                       25,144,030          25,144,030  

Preferred Securities

                 

Capital Trusts

              53,411,364                   53,411,364  

Preferred Stocks

                 

Brazil

     5,801,241                   10,719,888          16,521,129  

Germany

              79,363,053          22,391,812          101,754,865  

United States

     64,381,376          98,441,754          356,007,614          518,830,744  

India

                       14,322,546          14,322,546  

United Kingdom

                       25,923,062          25,923,062  

Trust Preferreds

     27,579,057                            27,579,057  

U.S. Government Sponsored Agency Securities

              562,580,105                   562,580,105  

Warrants

                 

Brazil

                       64,767          64,767  

Cayman Islands

     192,321                            192,321  

Switzerland

     3,391                            3,391  

United States

     2,092,713          31,242,444          2,523,780          35,858,937  

Short-Term Securities

                 

Money Market Funds

     391,046,161                            391,046,161  

Time Deposits

              39,359,377                   39,359,377  

U.S. Treasury Obligations

              75,416,752                   75,416,752  

Options Purchased

                 

Credit Contracts

              288,138                   288,138  

Equity Contracts

     93,424,909          14,101,012                   107,525,921  

Foreign Currency Exchange Contracts

              4,728,398                   4,728,398  

Interest Rate Contracts

     3,693,213          20,979,006                   24,672,219  

 

 

46  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

Fair Value Hierarchy as of Period End (continued)

 

                                                                                                                       
      Level 1        Level 2        Level 3        Total  

Other Contracts

   $        $ 1,008,194        $        $ 1,008,194  

Unfunded Floating Rate Loan Interests(a)

              340                   340  

Liabilities

                 

Investments

                 

Investments Sold Short

                 

Common Stocks

     (129,735,811                          (129,735,811

Liabilities

                 

Investments

                 

Unfunded Floating Rate Loan Interests(a)

              (28,501        (527        (29,028
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ 13,924,597,490        $ 12,013,464,020        $ 1,213,652,839          27,151,714,349  
  

 

 

      

 

 

      

 

 

      

 

 

 

Investments Valued at NAV(b)

                    145,205,272  
                 

 

 

 
                  $ 27,296,919,621  
                 

 

 

 

Derivative Financial Instruments(c)

                 

Assets

                 

Commodity Contracts

   $ 369,137        $        $        $ 369,137  

Credit Contracts

              6,140,088          170,805          6,310,893  

Equity Contracts

     211,209          6,606,736                   6,817,945  

Foreign Currency Exchange Contracts

              13,936,231                   13,936,231  

Interest Rate Contracts

     64,300,859          120,768,979                   185,069,838  

Liabilities

                 

Credit Contracts

              (18,209,679                 (18,209,679

Equity Contracts

     (181,550,794        (7,310,812                 (188,861,606

Foreign Currency Exchange Contracts

              (37,003,923                 (37,003,923

Interest Rate Contracts

     (40,692,702        (141,703,188                 (182,395,890
  

 

 

      

 

 

      

 

 

      

 

 

 
   $ (157,362,291      $ (56,775,568      $ 170,805        $ (213,967,054
  

 

 

      

 

 

      

 

 

      

 

 

 

 

  (a) 

Unfunded floating rate loan interests are valued at the unrealized appreciation (depreciation) on the commitment.

 
  (b) 

Certain investments of the Fund were fair valued using NAV per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

 
  (c) 

Derivative financial instruments are swaps, futures contracts, forward foreign currency exchange contracts and options written. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value.

 

A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

 

 

 
    Asset-Backed
Securities
    Common
Stocks
    Corporate
Bonds
   

Floating

Rate Loan
Interests

    Non-Agency
Mortgage-Backed
Securities
    Other
Interests
    Preferred
Stocks
    Unfunded
Floating
Rate
Loan
Interests
    Warrants     Total  

 

 

Assets

                   

Opening balance, as of April 30, 2021

  $ 7,384,374     $ 122,825,013     $ 278,587,862     $ 198,447,991     $ 52,411,541     $ 25,501,528     $ 384,407,728     $     $ 1,939,596     $ 1,071,505,633  

Transfers into
Level 3

    3,889,330             19,011,020       29,307,708                                     52,208,058  

Transfers out of Level 3

    (2,712,480     (236,825           (15,271,864                                   (18,221,169

Accrued discounts/premiums

                (57,692     568,391       (44,688                             466,011  

Net realized gain (loss)

                      5,420,822                                     5,420,822  

Net change in unrealized appreciation (depreciation)(a)

    249,805       12,961,838       (1,860,947     (4,961,210     68,058       (357,498     11,880,758       (527     31,566       18,011,843  

 

 

  47


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

 

 

 
    Asset-Backed
Securities
    Common
Stocks
    Corporate
Bonds
   

Floating

Rate Loan
Interests

    Non-Agency
Mortgage-Backed
Securities
    Other
Interests
    Preferred
Stocks
    Unfunded
Floating
Rate
Loan
Interests
    Warrants     Total  

 

 

Purchases

  $ 45,388,040     $ 31,946,423     $     $ 56,955,077     $ 7,767,485             43,604,018           $ 617,385     $ 186,278,428  

Sales

    (665,759                 (90,823,446         $     $ (10,527,582   $             (102,016,787
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Closing balance, as of July 31, 2021

  $ 53,533,310     $ 167,496,449     $ 295,680,243     $ 179,643,469     $ 60,202,396     $ 25,144,030     $ 429,364,922     $ (527   $ 2,588,547     $ 1,213,652,839  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation (depreciation) on investments still held at July 31, 2021(a)

  $ 250,667     $ 12,961,838     $ (1,860,947   $ (4,061,668   $ 68,058     $ (357,498   $ 27,535,651     $ (527   $ 31,566     $ 34,567,140  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

  (a) 

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at July 31, 2021 is generally due to investments no longer held or categorized as Level 3 at period end.

 

The following table is a reconciliation of Level 3 derivatives financial instruments for which significant unobservable inputs were used in determining fair value:

 

     Credit
Contracts
Assets
     Grand
Total
        

Opening Balance as of April 30, 2021

  $      $    

Transfers in Level 3

              

Transfers out of Level 3

              

Accrued discounts/premiums

              

Net realized gain (loss)

              

Net change in unrealized appreciation (depreciation)(a)

    170,805        170,805    

Purchases

              

Issues

              

Sales

              
 

 

 

    

 

 

   

Closing Balance, as of July 31, 2021

  $ 170,805      $ 170,805    
 

 

 

    

 

 

   

Net change in unrealized appreciation (depreciation) on investments still held at July 31, 2021(a)

  $ 170,805      $ 170,805    
 

 

 

    

 

 

   

 

  (a) 

Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on derivative financial instruments still held at July 31, 2021 is generally due to derivative financial instruments no longer held or categorized as Level 3 at period end.

 

The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) to determine the value of certain of the Fund’s Level 3 financial instruments as of period end. The table does not include Level 3 financial instruments with values based upon unadjusted third party pricing information in the amount of $233,498,784. A significant change in third party information could result in a significantly lower or higher value of such Level 3 financial instruments.

 

      Value               
Valuation
Approach
 
 
             

Unobservable

Inputs

 

 

    

Range of
Unobservable
Inputs

Utilized

 
 
 

(a) 

            



Weighted
Average of
Unobservable
Inputs Based
on Fair Value
 
 
 
 
 
       

Assets

                      

Common Stocks(b)

    $      138,564,638                 Market           Revenue Multiple        12.25x - 25.75x          13.47x    
               EBIDTA Multiple        22.72x             
               Time to Exit        1.1 - 2.5 years          1.4 years    
               Volatility        40% - 63%          44%    
               Recent Transactions              $ 0.00(c) - $172.23          $65.63    
         Income           Discount Rate        13% - 16%          16%    

Corporate Bonds

    290,087,793          Income           Discount Rate        10% - 34%          15%    

 

 

48  


Consolidated Schedule of Investments (unaudited) (continued)

July 31, 2021

   BlackRock Global Allocation Fund, Inc.

 

 

      Value              Valuation
Approach
        Unobservable

Inputs

    

Range of

Unobservable

Inputs

Utilized

 

 

 

(a) 

            



Weighted
Average of
Unobservable
Inputs Based
on Fair Value
 
 
 
 
 
       

Floating Rate Loan Interests

      $    94,574,930               Income       Discount Rate      6% - 11%          9%    

Other Interests

    25,144,030        Income       Discount Rate      5%             

Preferred Stocks(d)

    429,364,922        Market       Revenue Multiple      2.65x - 46.84x          19.83x    
             Time to Exit              0.2 years - 4.0 years          2.3 years    
             Volatility      37% - 78%          54%    
             Recent Transactions      $5.86 - $4,475.14          $1,641.93    
             Liquidity Discount      40%             

Warrants

    2,588,547        Market       Revenue Multiple      9.75x - 12.25x          9.85x    
             Time to Exit      0.2 years - 1.8 years          1.6 years    
             Volatility      24% - 72%          52%    
             Recent Transactions      1.51             
                      
 

 

 

                      
      $  980,324,860                       
 

 

 

                      

 

  (a) 

A significant change in unobservable input would have resulted in a correlated (inverse) significant change to value.

 
  (b) 

For the period ended July 31, 2021, the valuation technique for investments classified as Common Stocks amounting to $36,509,558 changed to Current Value Method. The investments were previously valued utilizing Transaction Price approach. The change was due to consideration of the information that was available at the time the investments were valued.

 
  (c) 

Price is less than $0.005

 
  (d) 

For the period ended July 31, 2021, the valuation technique for investments classified as Preferred Stocks amounting to $76,995,033 changed to Current Value Method. The investments were previously valued utilizing Transaction Price approach. The change was due to consideration of the information that was available at the time the investments were valued.

 

 

Currency Abbreviation

 

AUD

   Australian Dollar

BRL

   Brazilian Real

CAD

   Canadian Dollar

CHF

   Swiss Franc

CNH

   Chinese Yuan

CNY

   Chinese Yuan

EUR

   Euro

GBP

   British Pound

HKD

   Hong Kong Dollar

IDR

   Indonesian Rupiah

INR

   Indian Rupee

JPY

   Japanese Yen

KRW

   South Korean Won

MXN

   Mexican Peso

NOK

   Norwegian Krone

RUB

   New Russian Ruble

SEK

   Swedish Krona

USD

   United States Dollar

ZAR

   South African Rand
Portfolio Abbreviation

ADR

   American Depositary Receipt

CD

   Certificate of Deposit

CLO

   Collateralized Loan Obligation

CMT

   Constant Maturity Treasury

CR

   Custodian Receipt

DAC

   Designated Activity Company

DIP

   Debtor-In-Possession

ETF

   Exchange-Traded Fund

EURIBOR

   Euro Interbank Offered Rate

FTSE

   Financial Times Stock Exchange

GOL

   General Obligation Ltd.

LIBOR

   London Interbank Offered Rate

MSCI

   Morgan Stanley Capital International

MXIBOR

   Mexico Interbank Offered Rate

PCL

   Public Company Limited

PIK

   Payment-in-Kind

S&P

   Standard & Poor’s

SAB

   Special Assessment Bonds

SCA

   Societe en Commandite par Actions

SOFR

   Secured Overnight Financing Rate

SPDR

   Standard & Poor’s Depository Receipt

TAN

   Tax Anticipation Notes
 

 

 

  49