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ANDREWS TITLE CFO EX-99.77O RULE 10F-3 2 77o01.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 12-08-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer ACCO Brands Corporation (2024) --------------------------- -------------------------------------------------- Selling Underwriter Barclays Capital Inc --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Barclays Capital Inc, BMO Capital Markets Corp., Merrill Lynch,Pierce,Fenner & Smith Incorporated, Wells Fargo Securities, LLC, KeyBanc Capital Markets Inc, PNC Capital Markets LLC, BBVA Securities Inc., Barrington Research Associate, SunTrust Robinson Humphrey, Inc, Sidoti & Company LLC ------------------------------------------------------------------------------- TRANSACTION DETAILS ------------------------------- Date of Purchase 12-08-2016 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.250% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $27,500,000 ------------------------------------------------------------------ ----------- a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $13,384,000 ------------------------------------------------------------------ ----------- b. Other BlackRock Clients $14,116,000 ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ------------------------------------------------------------------------------- 2. Aggregate Principal Amount of Offering $400,000,000 ----------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.06875 ------------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 12-12-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 12-12-2016 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 3 77o04.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 02-02-2017 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer American Greetings Corporation (2025) --------------------------- -------------------------------------------------- Selling Underwriter Merrill Lynch, Pierce, Fenner & Smith Incorporated --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Merrill Lynch, Pierce, Fenner & Smith Incorporated, KeyBanc Capital Markets, PNC Capital Markets LLC, Citizens Capital Markets, Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, BBVA Securities Inc, ScotiaBank ------------------------------------------------------------------------------- TRANSACTION DETAILS ------------------------------- Date of Purchase 02-02-2017 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $99.272 Total Commission, Spread or Profit 1.500% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $15,000,000 ------------------------------------------------------------------ ----------- a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 6,407,000 ------------------------------------------------------------------ ----------- b. Other BlackRock Clients $ 8,593,000 ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ----------------------------------------------------------------------------- 2. Aggregate Principal Amount of Offering $400,000,000 --------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.0375 ----------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 02-07-2017 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 02-07-2017 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 4 77o05.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES CORE U.S. AGGREGATE BOND ETF (ISHAGG) ISHARES EDGE U.S. FIXED INCOME BALANCED RISK ETF (ISHFIBR) ISHARES INTERMEDIATE CREDIT BOND ETF (ISHICRED) ISHARES INTERMEDIATE GOVERNMENT/CREDIT BOND ETF (ISHIGOVCR) AZL Enhanced Bond Index Fund (AZ-CORE) BlackRock Allocation Target Shares: Series C Portfolio (BATSC) BlackRock Core Bond Trust (BHK) BlackRock Multi-Sector Income Trust (BIT) BlackRock Limited Duration Income Trust (BLW) BlackRock Multi Asset Income - Screened Fixed Income Portfolio (BR-INC-PFI) BlackRock Low Duration Bond Portfolio (BR-LO) BlackRock Credit Strategies Income - Investment Grade (BR-MSBIG) Strategic Income Opportunities Fund (BR-SIP) BlackRock Strategic Global Bond Fund, Inc. (BR-WI) Consulting Group Capital Markets Funds (CG-CGCM) CoreAlpha Bond Master Portfolio (MIP_CORA) AST BlackRock Global Strategies Portfolio (Core Active) (PRU-AA-CAB) Advanced Series Trust - AST BlackRock Low Duration Bond Portfolio (SMF_PRULO) UBS PACE Intermediate Fixed Income Investments Portfolio (UBS-PACE) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 11-30-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Analog Devices, Inc. (2026) --------------------------- -------------------------------------------------- Selling Underwriter Credit Suisse Securities (USA) LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [X] Other: MUFG Securities Americas Inc. for CG-CGCM --------------------------- -------------------------------------------------- List of Underwriter(s) J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, MUFG Securities Americas Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, SMBC Nikko Securities America, Inc., BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, TD Securities (USA) LLC, Fifth Third Securities, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. ------------------------------------------------------------------------------- TRANSACTION DETAILS ------------------------------- Date of Purchase 11-30-2016 ------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $99.366 Total Commission, Spread or Profit 0.650% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 80,000,000 ----------------------------------------------------------------- ------------ a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 17,506,000 ----------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 62,494,000 ----------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $900,000,000 ----------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.08888 ----------------------------------------------------------------- ------------ Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [X] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [_] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 12-05-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 12-05-2016 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 5 77o09.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income - High Yield Portfolio (BR-INC-HY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 09-16-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Cincinnati Bell Inc. (2024) --------------------------- -------------------------------------------------- Selling Underwriter Morgan Stanley & Co. LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., PNC Capital Markets LLC, Regions Securities LLC, Barclays Capital Inc., Citizens Capital Markets, Inc. ------------------------------------------------------------------------------- TRANSACTION DETAILS ------------------------------- Date of Purchase 09-16-2016 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100.00 Total Commission, Spread or Profit 1.25% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 50,000,000 ----------------------------------------------------------------- ------------ a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 27,211,000 ----------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 22,789,000 ----------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $425,000,000 ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ------------------------------------------------------------------------------- FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.11765 ------------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dillip Behera Date: 09-20-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 09-20-2016 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 6 77o10.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES GLOBAL HIGH YIELD CORPORATE BOND ETF (ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income - High Yield Portfolio (BR-INC-HY) BlackRock Multi-Asset Income - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 02-10-2017 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Cliffs Natural Resources Inc. (2025) --------------------------- -------------------------------------------------- Selling Underwriter Merrill Lynch, Pierce, Fenner & Smith Incorporated --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co, Credit Agricole Securities (USA) Inc., PNC Capital Markets LLC, Citizens Capital Markets, Inc , Regions Securities LLC, The Huntington Investment Company ------------------------------------------------------------------------------- TRANSACTION DETAILS --------------------------------------------------------- Date of Purchase 02-10-2017 --------------------------------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.50% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $35,000,000 ------------------------------------------------------------------ ----------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ------------------------------------------------------------------------------- a. US Registered Funds (Appendixattached with individual Fund/Client purchase) $ 17,558,000 ----------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 17,442,000 ----------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $500,000,000 ----------------------------------------------------------------- ------------ ------------------------------------------------------------------------------- FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.0700 ------------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 02-23-2017 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 02-23-2017 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 7 77o13.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES EDGE U.S. FIXED INCOME BALANCED RISK ETF (ISHFIBR) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) BlackRock Floating Rate Income Trust (BGT2) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Defined Opportunity Credit Trust (BHL) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Limited Duration Income Trust - Bank Loans (BLW-LOAN) BlackRock Floating Rate Income Portfolio (BR-FRI) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income - High Yield Portfolio (BR-INC-HY) BlackRock Multi-Asset Income - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Credit Allocation Income Trust (Preferred Sleeve) (BTZ-PREF) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 10-06-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Gulfport Energy Corporation. (2024) --------------------------- -------------------------------------------------- Selling Underwriter Credit Suisse Securities (USA) LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Credit Suisse Securities (USA) LLC., Scotia Capital (USA) Inc., Barclays Capital Inc, KeyBanc Capital Markets Inc,Wells Fargo Securities,LLC,BNP Paribas Securities Corp,BBVA Securities Inc,PNC Capital Markets LLC,U.S. Bancorp Investments,Inc,IBERIA Capital Partners L.L.C,Samuel A. Ramirez & Company,Inc. ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS ------------------------------- Date of Purchase 10-06-2016 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100.00 Total Commission, Spread or Profit 1.43625% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 35,000,000 ----------------------------------------------------------------- ------------ a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 17,753,000 ----------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 17,247,000 ----------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $650,000,000 ----------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.05385 ------------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dillip Behera Date: 10-13-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 10-13-2016 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 8 77o14.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES GLOBAL HIGH YIELD CORPORATE BOND ETF (ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) BlackRock Floating Rate Income Trust (BGT2) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Defined Opportunity Credit Trust (BHL) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Limited Duration Income Trust - Bank Loans (BLW-LOAN) BlackRock Floating Rate Income Portfolio (BR-FRI) BlackRock Funds, BlackRock Global Long/Short Credit Fund (BR-GC) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income - High Yield Portfolio (BR-INC-HY) BlackRock Multi-Asset Income - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Credit Allocation Income Trust (Preferred Sleeve) (BTZ-PREF) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Floating Rate Income Strategies Fund, Inc. (FRA) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 12-15-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Gulfport Energy Corporation (2025) --------------------------- -------------------------------------------------- Selling Underwriter Credit Suisse Securities (USA) LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Credit Suisse Securities (USA) LLC, Scotia Capital (USA) Inc., Barclays Capital Inc, KeyBanc Capital Markets Inc., PNC Capital Markets LLC, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, BBVA Securities Inc., U.S. Bancorp Investments, Inc., IBERIA Capital Partners L.L.C., Samuel A. Ramirez & Company, Inc., BOK Financial Securities, Inc. ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS ------------------------------- Date of Purchase 12-15-2016 ------------------------------- ---------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.440% ---------------------------------------------------------------------------- ----------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 50,000,000 --------------------------------------------------------------- ------------ a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 28,362,000 --------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 21,638,000 --------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $600,000,000 --------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.08333 ----------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 12-21-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 12-21-2016 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 9 77o15.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) BlackRock Alternative Strategies Fund - Trading Account (ACS-TRD) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) -------------------------------------- Date of 02-09-2017 Offering Commencement: ------------------------ ------------ Security Type: BND/CORP -------------------------------------- ------------------------------------------------------------------------------- Issuer Hill-Rom Holdings, Inc. (2025) --------------------------- -------------------------------------------------- Selling Underwriter J.P. Morgan Securities LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citizens Capital Markets, Inc, Goldman Sachs & Co, MUFG Securities Americas Inc, PNC Capital Markets LLC, Fifth Third Securities, Inc., Scotia Capital (USA) Inc, SMBC Nikko Securities America, Inc, Wells Fargo Securities, LLC ------------------------------------------------------------------------------- TRANSACTION DETAILS ------------------------------- Date of Purchase 02-09-2017 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.250% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $12,000,000 ------------------------------------------------------------------ ----------- a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $4,956,000 ------------------------------------------------------------------ ----------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ------------------------------------------------------------------------------- b. Other BlackRock Clients $ 7,044,000 -------------------------------------------------------------- --------------- 2. Aggregate Principal Amount of Offering $ 300,000,000 -------------------------------------------------------------- --------------- FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.04 ------------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 02-14-2017 ------------------------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 02-14-2017 ------------------------------ Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 10 77o18.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): BlackRock Core Bond Trust (BHK) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust (BIT) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust (BLW) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Dynamic High Income - Preferred Stock Portfolio (BR-DHI-PS) BlackRock Funds, BlackRock Global Long/Short Credit Fund (BR-GC) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income - Preferred Stock Portfolio (BR-INC-PS) BlackRock Managed Income - Preferred Stock Portfolio (BR-MI-PS) BlackRock Credit Strategies Income - Investment Grade (BR-MSBIG) Strategic Income Opportunities Fund (BR-SIP) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC) UBS PACE Intermediate Fixed Income Investments Portfolio (UBS-PACE) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 01-24-2017 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Morgan Stanley (2049) --------------------------- -------------------------------------------------- Selling Underwriter Morgan Stanley & Co. LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [X] Other: UBS Securities LLC for UBS-PACE --------------------------- -------------------------------------------------- List of Underwriter(s) Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, MUFG Securities Americas Inc., RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC, ABN AMRO Securities (USA) LLC, ANZ Securities, Inc., Barclays Capital Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Capital One Southcoast, Inc., Citizens Capital Markets, Inc., Deutsche Bank Securities Inc., FTN Financial Securities Corp., ING Financial Markets LLC, Keefe, Bruyette & Woods, Inc., PNC Capital Markets LLC, RBS Securities Inc., Scotia Capital (USA) Inc., SG ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ------------------------------------------------------------------------------- Americas Securities LLC, TD Securities (USA) LLC, UniCredit Capital Markets LLC, U.S. Bancorp Investments, Inc., Academy Securities, Inc., Apto Partners, LLC, Blaylock Beal Van, LLC, CastleOak Securities, L.P., Drexel Hamilton, LLC, Great Pacific Securities, Lebenthal & Co., LLC, Loop Capital Markets LLC, Mischler Financial Group, Inc., Multi-Bank Securities, Inc., Samuel A. Ramirez & Company, Inc., Siebert Cisneros Shank & Co., L.L.C., Telsey Advisory Group LLC, The Williams Capital Group, L.P. ------------------------------------------------------------------------------- TRANSACTION DETAILS ------------------------------- Date of Purchase 01-24-2017 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $25 Total Commission, Spread or Profit 3.150% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) 7,200,000 ------------------------------------------------------------------- ---------- a. US Registered Funds (Appendix attached with individual Fund/Client purchase) 4,776,090 ------------------------------------------------------------------- ---------- b. Other BlackRock Clients 2,423,910 ------------------------------------------------------------------- ---------- 2. Aggregate Principal Amount of Offering 40,000,000 ------------------------------------------------------------------- ---------- FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.18 ------------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [X] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [_] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 01-26-2017 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 01-26-2017 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 11 77o23.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES GLOBAL HIGH YIELD CORPORATE BOND ETF (ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) ISHARES IBOXX $ HIGH YIELD EX OIL & GAS CORPORATE BOND ETF (ISHHYXE) ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds, BlackRock Global Long/Short Credit Fund (BR-GC) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income - High Yield Portfolio (BR-INC-HY) BlackRock Multi-Asset Income - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Credit Allocation Income Trust (Preferred Sleeve) (BTZ-PREF) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 09-07-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Novelis Corporation (2026) --------------------------- -------------------------------------------------- Selling Underwriter Morgan Stanley & Co. LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Standard Chartered Bank, Axis Bank Limited, Singapore Branch, BMO Capital Markets Corp., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Natixis Securities Americas LLC, PNC Capital Markets LLC, Regions Securities LLC, Scotia Capital (USA) Inc., SG Americas Securities, LLC, SunTrust Robinson Humphrey, Inc., Wells Fargo Securities, LLC ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS ------------------------------- Date of Purchase 09-07-2016 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100.00 Total Commission, Spread or Profit 1.50% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 140,000,000 --------------------------------------------------------------- -------------- a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 77,310,000 --------------------------------------------------------------- -------------- b. Other BlackRock Clients $ 62,690,000 --------------------------------------------------------------- -------------- 2. Aggregate Principal Amount of Offering $1,500,000,000 --------------------------------------------------------------- -------------- FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.09333 ------------------------------------------------------------------------------- LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] Completed by: Dillip Behera Date: 09-14-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 09-14-2016 --------------------------------------------- Global Syndicate Team Member DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 12 77o24.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): AZL Enhanced Bond Index Fund (AZ-CORE) BlackRock Balanced Capital Portfolio (FI) (BCS_F) BlackRock Core Bond Trust (BHK) BlackRock Multi-Sector Income Trust (BIT) BlackRock Core Bond Portfolio (BR-CORE) Strategic Income Opportunities Fund (BR-SIP) BlackRock Strategic Global Bond Fund, Inc. (BR-WI) BlackRock Total Return V.I. Portfolio (Ins - Var Ser) (BVA-BF) BlackRock Total Return Portfolio (Ins - Series) (BVA-TR) Metropolitan Series Fund, Inc.- BlackRock Bond Income Portfolio (MET-BI) Master Total Return Portfolio of Master Bond LLC (MF-BOND) Advanced Series Trust - AST BlackRock/Loomis Sayles Bond Portfolio (SMF_PRUTR) UBS PACE Intermediate Fixed Income Investments Portfolio (UBS-PACE) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 10-26-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Penske Truck Leasing Co., L.P. (2026) --------------------------- -------------------------------------------------- Selling Underwriter J.P. Morgan Securities LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, MUFG Securities Americas Inc, Wells Fargo Securities, LLC, Mizuho Securities USA Inc, Santander Investment Securities Inc, Citizens Capital Markets, Inc., Comerica Securities, Inc., Fifth Third Securities, Inc., The Huntington Investment Company, PNC Capital Markets LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., U.S. Bancorp Investments, Inc., The Williams Capital Group, L.P. ------------------------------------------------------------------------------- TRANSACTION DETAILS ------------------------------- Date of Purchase 10-26-2016 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $99.695 Total Commission, Spread or Profit 0.550% ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ----------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 75,000,000 ----------------------------------------------------------------------------- a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 22,652,000 --------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 52,348,000 --------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $600,000,000 --------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.125 ----------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 11-02-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date:11-02-2016 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 13 77o25.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income- European High Yield Portfolio (BR-INC-EHY) BlackRock Credit Strategies Income - European High Yield (BR-MSBEUHY) Strategic Income Opportunities Fund (BR-SIP) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) Metropolitan Series Fund, Inc.- BlackRock Bond Income Portfolio (MET-BI) Master Total Return Portfolio of Master Bond LLC (MF-BOND) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) Advanced Series Trust - AST BlackRock/Loomis Sayles Bond Portfolio (SMF_PRUTR) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 02-23-2017 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Quintiles IMS Incorporated (2025) --------------------------- -------------------------------------------------- Selling Underwriter J.P. Morgan Securities, plc --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) J.P. Morgan Securities,plc,Barclays Bank PLC,Merrill Lynch International,Goldman,Sachs & Co.,HSBC Securities (USA) Inc.,Wells Fargo Securities International Limited,Citigroup,Global Markets Limited,PNC Capital Markets LLC,Fifth Third Securities,Inc.,MUFG Securities EMEA plc,Mizuho International plc,SunTrust Robinson Humphrey,Inc.,TD Securities (USA) LLC,BNP Paribas,BBVA,Securities Inc.,The Huntington Investment Company and The Williams Capital Group,L.P ------------------------------------------------------------------------------- TRANSACTION DETAILS ------------------------------- Date of Purchase 02-23-2017 ------------------------------- --------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.00% --------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 6,350,000 --------------------------------------------------------------- -------------- a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 6,150,000 --------------------------------------------------------------- -------------- b. Other BlackRock Clients $ 200,000 --------------------------------------------------------------- -------------- 2. Aggregate Principal Amount of Offering $1,425,000,000 --------------------------------------------------------------- -------------- FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.00445 ------------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 02-27-2017 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date:02-27-2017 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 14 77o26.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 12-12-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer RSP Permian, Inc. (2025) --------------------------- -------------------------------------------------- Selling Underwriter Barclays Capital Inc. --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Barclays Capital Inc., RBC Capital Markets, LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., ABN AMRO Securities (USA) LLC, BBVA Securities Inc., BOK Financial Securities, Inc.., Comerica Securities, Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc., BMO Capital Markets Corp., Capital One Securities, Inc., CIBC World Markets Corp., Fifth Third Securities, Inc., ING Financial Markets LLC., PNC Capital Markets LLC, BB&T Capital Markets, a division of BB&T Securities, LLC., KeyBanc Capital Markets Inc., TD Securities (USA) LLC ------------------------------------------------------------------------------- TRANSACTION DETAILS ------------------------------- Date of Purchase 12-12-2016 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.00% ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 25,000,000 ------------------------------------------------------------------------------- a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 12,463,000 ----------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 12,537,000 ----------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $450,000,000 ----------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.05555 ------------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 12-20-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 12-20-2016 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 15 77o27.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES GLOBAL HIGH YIELD CORPORATE BOND ETF (ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income - High Yield Portfolio (BR-INC-HY) BlackRock Multi-Asset Income - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 09-22-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Targa Resources Partners LP (2025) --------------------------- -------------------------------------------------- Selling Underwriter Wells Fargo Securities, LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Barclays Capital Inc., Deutsche Bank Securities Inc., RBC Capital Markets, LLC ., BBVA Securities Inc., Capital One Securities, Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, PNC Capital Markets LLC, ABN AMRO Securities (USA) LLC, Credit Suisse Securities (USA) LLC, ING Financial Markets LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, BB&T Capital Markets, a division of BB&T Securities, LLC, BNP Paribas Securities Corp., Citizens Capital Markets, Inc., The Huntington Investment Company, Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc. ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS ------------------------------- Date of Purchase 09-22-2016 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 0.750% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 35,000,000 ----------------------------------------------------------------- ------------ a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 17,561,000 ----------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 17,439,000 ----------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $500,000,000 ----------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.07 ------------------------------------------------------------------------------- LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] Completed by: Dipankar Banerjee Date: 09-30-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 09-30-2016 --------------------------------------------- Global Syndicate Team Member DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 16 77o28.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETFD (ISHHYLD) ISHARES CORE 10+ YEAR USD BOND ETF (ISHILTB) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income - High Yield Portfolio (BR-INC-HY) BlackRock Multi-Asset Income - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 09-22-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer Targa Resources Partners LP (2027) --------------------------- -------------------------------------------------- Selling Underwriter Wells Fargo Securities, LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Barclays Capital Inc., Deutsche Bank Securities Inc., RBC Capital Markets, LLC ., BBVA Securities Inc., Capital One Securities, Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, PNC Capital Markets LLC, ABN AMRO Securities (USA) LLC, Credit Suisse Securities (USA) LLC, ING Financial Markets LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC, BB&T Capital Markets, a division of BB&T Securities, LLC, BNP Paribas Securities Corp., Citizens Capital Markets, Inc., The Huntington Investment Company, Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc. ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS ------------------------------- Date of Purchase 09-22-2016 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 0.750% ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 35,000,000 ----------------------------------------------------------------- ------------ a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 17,831,000 ----------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 17,169,000 ----------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $500,000,000 ----------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.07 ------------------------------------------------------------------------------- LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [X] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] Completed by: Dipankar Banerjee Date: 09-30-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 09-30-2016 --------------------------------------------- Global Syndicate Team Member DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 17 77o30.txt [LOGO OF BLACKROCK] Rule 10f-3 Transaction Form Acquisition of Securities During Affiliated Underwritings PARTICIPATING FUNDS .. U.S. Registered Funds (Name of Fund, Aladdin Ticker): ISHARES EDGE U.S. FIXED INCOME BALANCED RISK ETF (ISHFIBR) ISHARES GLOBAL HIGH YIELD CORPORATE BOND ETF (ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) ISHARES CORE 10+ YEAR USD BOND ETF (ISHILTB) ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Funds, BlackRock Global Long/Short Credit Fund (BR-GC) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) BlackRock Multi-Asset Income - High Yield Portfolio (BR-INC-HY) BlackRock Multi-Asset Income - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Credit Allocation Income Trust (Preferred Sleeve) (BTZ-PREF) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock High Yield V.I. Fund (BVA-HY) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) MIST BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) ------------------------------------- Date of 10-24-2016 Offering Commencement: ------------------------ ----------- Security Type: BND/CORP ------------------------------------- ------------------------------------------------------------------------------- Issuer United Rentals (North America), Inc. (2027) --------------------------- -------------------------------------------------- Selling Underwriter Morgan Stanley & Co. LLC --------------------------- -------------------------------------------------- Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: --------------------------- -------------------------------------------------- List of Underwriter(s) Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Scotia Capital (USA) Inc., MUFG Securities Americas Inc., Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, SunTrust Robinson Humphrey, Inc., BMO Capital Markets Corp., PNC Capital Markets LLC ------------------------------------------------------------------------------- Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS ------------------------------- Date of Purchase 10-24-2016 ------------------------------- ------------------------------------------------------------------------------- Purchase Price/Share 1.250% (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- 1. Aggregate Principal Amount Purchased (a+b) $ 60,000,000 ----------------------------------------------------------------- ------------ a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 28,741,000 ----------------------------------------------------------------- ------------ b. Other BlackRock Clients $ 31,259,000 ----------------------------------------------------------------- ------------ 2. Aggregate Principal Amount of Offering $750,000,000 ----------------------------------------------------------------- ------------ FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.08 ------------------------------------------------------------------------------- Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [X] U.S. Registered Public [Issuer must have 3 years of continuous Offering...................... operations] [_] Eligible Rule 144A Offering... [Issuer must have 3 years of continuous operations] [_] Eligible Municipal Securities [_] Eligible Foreign Offering..... [Issuer must have 3 years of continuous operations] [_] Government Securities [Issuer must have 3 years of continuous Offering...................... operations] TIMING AND PRICE (CHECK ONE OR BOTH) [X]The securities were purchased before the end of the first day on which any sales were made, at a price that was not more than the price paid by each other purchaser of securities in that offering or in any concurrent offering of the securities; and [_]If the securities are offered for subscription upon exercise of rights, the securities were purchased on or before the fourth day before the day on which the rights offering terminated. FIRM COMMITMENT OFFERING (CHECK ONE) [X] YES The securities were offered pursuant to an underwriting or similar [_] NO agreement under which the underwriters were committed to purchase all of the securities being offered, except those purchased by others pursuant to a rights offering, if the underwriters purchased any of the securities. NO BENEFIT TO AFFILIATED UNDERWRITER (CHECK ONE) [X] YES No affiliated underwriter was a direct or indirect participant in, [_] NO or benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 11-02-2016 --------------------------------------------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 11-02-2016 --------------------------------------------- Global Syndicate Team Member Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] DEFINITIONS TERM DEFINITION Fund Ratio Number appearing at the bottom of page 1 of 2 of the Rule 10f-3 Report form. It is the sum of the Funds' participation in the offering by the Funds and other accounts managed by BlackRock divided by the total amount of the offering. Eligible Foreign Offering The securities are sold in a public offering conducted under the laws of a country other than the United States and (a)the offering is subject to regulation in such country by a "foreign financial regulatory authority," as defined in Section 2(a)(50) of the Investment Company Act of 1940; (b)the securities were offered at a fixed price to all purchasers in the offering (except for any rights to purchase securities that are required by law to be granted to existing security holders of the issuer); (c)financial statements, prepared and audited as required or permitted by the appropriate foreign financial regulatory authority in such country, for the two years prior to the offering, were made available to the public and prospective purchasers in connection with the offering; and (d)if the issuer is a "domestic issuer," i.e., other than a foreign government, a national of any foreign country, or a corporation or other organization incorporated or organized under the laws of any foreign country, it (1) has a class of securities registered pursuant to section 12(b) or 12(g) of the Securities Exchange Act of 1934 or is required to file reports pursuant to section 15(d) of that act, and (2) has filed all the material required to be filed pursuant to section 13(a) or 15(d) of that act for a period of at least 12 months immediately preceding the sale of securities (or for such shorter period that the issuer was required to file such material) Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION Eligible Municipal Securities The securities: (a)are direct obligations of, or obligations guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate instrumentality of one or more States, or any security which is an industrial development bond (as defined in section 103(c)(2) of Title 26) the interest on which is excludable from gross income under certain provisions of the Internal Revenue Code; (b)are sufficiently liquid that they can be sold at or near their carrying value within a reasonably short period of time; and (c)either (1)are subject to no greater than moderate credit risk; or (2)if the issuer of the municipal securities, or the entity supplying the revenues or other payments from which the issue is to be paid, has been in continuous operation for less than three years, including the operation of any predecessors, the securities are subject to a minimal or low amount of credit risk. Also, purchases of municipal securities may not be designated as group sales or otherwise allocated to the account of any prohibited seller (i.e., an affiliated underwriter). Eligible Rule 144A Offering The securities are sold in an offering where (a)the securities are offered or sold in transactions exempt from registration under Section 4(2) of the Securities Act of 1933, Rule 144A thereunder, or Rules 501-508 thereunder; (b)the securities were sold to persons that the seller and any person acting on behalf of the seller reasonably believe to include qualified institutional buyers, as defined in Rule 144A ("QIBs"); and (c)the seller and any person acting on behalf of the seller reasonably believe that the securities are eligible for resale to other QIBs pursuant to Rule 144A. Government Securities Offering The security is issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for any of the foregoing. Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TERM DEFINITION U.S. Registered Public Offering. The securities offered are registered under the Securities Act of 1933 that are being offered to the public. EX-99.77Q1 OTHR EXHB 18 77qbhk.txt BlackRock Core Bond Fund File No. 811-10543 Sub-Item No. 77Q1(e) (Investment Advisory Contracts) -- Attachment Attached please find an exhibit to Sub-Item 77Q1(e) of Form N-SAR, a copy of the Closed-End Fund Master Advisory Fee Waiver Agreement between BlackRock Core Bond Fund and BlackRock Advisors, LLC. Exhibit 77Q1(e) CLOSED-END FUND MASTER ADVISORY FEE WAIVER AGREEMENT ---------------------------------------------------- This MASTER ADVISORY FEE WAIVER AGREEMENT (this "Agreement") is made as of --------- the 2nd day of December, 2016, by and among BlackRock Advisors, LLC (the "Adviser") an "Adviser") and each investment company listed on SCHEDULE A ------- ------- attached hereto (each, a "Fund"). ---- WHEREAS, each Fund is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a closed-end management company, and is -------- organized as a statutory trust under the laws of the State of Delaware, a limited liability company under the laws of the State of Delaware, a business trust under the laws of the Commonwealth of Massachusetts or a corporation under the laws of the State of Maryland; WHEREAS, the Adviser and each Fund are parties to investment advisory agreements (the "Advisory Agreements"), pursuant to which the Adviser provides ------------------- investment advisory services to each Fund in consideration of compensation as set forth in each Advisory Agreement (the "Advisory Fee"); and ------------ WHEREAS, the Adviser has determined that it is appropriate and in the best interests of each Fund and its interestholders to waive part of each Fund's Advisory Fee as set forth in SCHEDULE B attached hereto (the "Fee Waiver"). Each ---------- Fund and the Adviser, therefore, have entered into this Agreement in order to effect the Fee Waiver for each Fund at the level specified in SCHEDULE B attached hereto on the terms and conditions set forth in this Agreement. NOW, THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 1. Contractual Fee Waiver. During the Term (as defined in Section 3 below), the ---------------------- Adviser shall waive a portion of its Advisory Fee with respect to each Fund as set forth in SCHEDULE B attached hereto. 2. Voluntary Fee Waiver/Expense Reimbursement. Nothing herein shall preclude an ------------------------------------------ Adviser from contractually waiving other fees and/or reimbursing expenses of any Fund, voluntarily waiving Advisory Fees it is entitled to from any Fund or voluntarily reimbursing expenses of any Fund as the Adviser, in its discretion, deems reasonable or appropriate. Any such voluntary waiver or voluntary expense reimbursement may be modified or terminated by the Adviser at any time in its sole and absolute discretion without the approval of the Fund's Board of Trustees or Board of Directors, as the case may be. 3. Term; Termination. ----------------- 3.1 Term. The term ("Term") of the Fee Waiver with respect to a Fund shall ---- ---- begin on December 2, 2016 (or such other date as agreed to in writing between the Adviser and the Fund) and end with respect to a Fund after the close of business on the date set forth on SCHEDULE A (or such other date as agreed to in writing between the Adviser and the Fund) unless the Fee Waiver is earlier terminated in accordance with Section 3.2. The Term of the Fee Waiver with respect to a Fund may be continued from year to year thereafter provided that each such continuance is specifically approved by the Adviser and the Fund (including with respect to the Fund, a - 1 - majority of the Fund's Trustees or Directors, as the case may be, who are not "interested persons," as defined in the 1940 Act, of the Advisers (the "Non-Interested Directors")). Neither the Adviser nor a Fund shall be obligated to extend the Fee Waiver with respect to the Fund. 3.2 Termination. This Agreement may be terminated prior to expiration by ----------- any Fund with respect to such Fund without payment of any penalty, upon 90 days' prior written notice to the Adviser at its principal place of business (or at an earlier date as may be agreed to by both parties); provided that, such action shall be authorized by resolution of a majority of the Non-Interested Directors of such Fund or by a vote of a majority of the outstanding voting securities of such Fund. 4. Miscellaneous. ------------- 4.1 Captions. The captions in this Agreement are included for convenience -------- of reference only and in no other way define or delineate any of the provisions hereof or otherwise affect their construction or effect. 4.2 Interpretation. Nothing herein contained shall be deemed to require a -------------- Fund to take any action contrary to the Fund's Declaration of Trust or Articles of Incorporation, as the case may be, or Bylaws, or any applicable statutory or regulatory requirement to which it is subject or by which it is bound, or to relieve or deprive the Fund's Board of Trustees or Board of Directors, as the case may be, of its responsibility for and control of the conduct of the affairs of the Fund. 4.3 Limitation of Liability. The obligations and expenses incurred, ----------------------- contracted for or otherwise existing with respect to a Fund shall be enforced against the assets of such Fund and not against the assets of any other Fund. 4.4 Definitions. Any question of interpretation of any term or provision of ----------- this Agreement, including but not limited to the computations of average daily net assets or of any Advisory Fee, and the allocation of expenses, having a counterpart in or otherwise derived from the terms and provisions of the relevant Advisory Agreement between the Adviser and the Fund or the 1940 Act, shall have the same meaning as and be resolved by reference to such Advisory Agreement or the 1940 Act, as applicable, and to interpretations thereof, if any, by the United States Courts or in the absence of any controlling decision of any such Court, by rules, regulations or orders of the Securities and Exchange Commission ("SEC") issued pursuant to the 1940 Act. In addition, if the --- effect of a requirement of the 1940 Act reflected in any provision of this Agreement is revised by rule, regulation or order of the SEC, that provision will be deemed to incorporate the effect of that rule, regulation or order. Otherwise the provisions of this Agreement will be interpreted in accordance with the substantive laws of the State of New York. - 2 - IN WITNESS WHEREOF, the parties have caused this Agreement to be signed by their respective officers as of the day and year first above written. EACH OF THE FUNDS LISTED ON SCHEDULE A ATTACHED HERETO By: /s/ Neal J. Andrews ---------------------------------- Name: Neal J. Andrews Title: Chief Financial Officer BLACKROCK ADVISORS, LLC By: /s/ Neal J. Andrews ---------------------------------- Name: Neal J. Andrews Title: Managing Director [SIGNATURE PAGE TO CLOSED-END FUND MASTER ADVISORY FEE WAIVER AGREEMENT] - 3 - SCHEDULE A CLOSED-END FUND MASTER ADVISORY FEE WAIVER AGREEMENT (DATED AS OF MARCH 2, 2017)
EXPIRATION TICKER FUND DATE ------ -------------------------------------------------------- ----------------- 1 BBN BlackRock Taxable Municipal Bond Trust June 30, 2017 2 BJZ BlackRock California Municipal 2018 Term Trust June 30, 2017 3 BFZ BlackRock California Municipal Income Trust June 30, 2017 4 BHK BlackRock Core Bond Trust June 30, 2017 5 HYT BlackRock Corporate High Yield Fund, Inc. June 30, 2017 6 BTZ BlackRock Credit Allocation Income Trust June 30, 2017 7 DSU BlackRock Debt Strategies Fund, Inc. June 30, 2017 8 BHL BlackRock Defined Opportunity Credit Trust June 30, 2017 9 BGR BlackRock Energy and Resources Trust June 30, 2017 10 CII BlackRock Enhanced Capital and Income Fund, Inc. June 30, 2017 11 BDJ BlackRock Enhanced Equity Dividend Trust June 30, 2017 12 EGF BlackRock Enhanced Government Fund, Inc. June 30, 2017 13 FRA BlackRock Floating Rate Income Strategies Fund, Inc. December 31, 2017 14 BGT BlackRock Floating Rate Income Trust June 30, 2017 15 BFO BlackRock Florida Municipal 2020 Term Trust June 30, 2017 16 BOE BlackRock Global Opportunities Equity Trust June 30, 2017 17 BME BlackRock Health Sciences Trust June 30, 2018 18 BKT BlackRock Income Trust, Inc. June 30, 2017 19 BGY BlackRock International Growth and Income Trust June 30, 2017 20 BKN BlackRock Investment Quality Municipal Trust, Inc. June 30, 2017
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EXPIRATION TICKER FUND DATE ------ -------------------------------------------------------- ----------------- 21 BLW BlackRock Limited Duration Income Trust June 30, 2017 22 BTA BlackRock Long-Term Municipal Advantage Trust June 30, 2017 23 BZM BlackRock Maryland Municipal Bond Trust June 30, 2017 24 MHE BlackRock Massachusetts Tax-Exempt Trust June 30, 2017 25 BIT BlackRock Multi-Sector Income Trust June 30, 2017 26 MUI BlackRock Muni Intermediate Duration Fund, Inc. June 30, 2017 27 MNE BlackRock Muni New York Intermediate Duration Fund, Inc. June 30, 2017 28 MUA BlackRock MuniAssets Fund, Inc. June 30, 2017 29 BPK BlackRock Municipal 2018 Term Trust June 30, 2017 30 BKK BlackRock Municipal 2020 Term Trust June 30, 2017 31 BBK BlackRock Municipal Bond Trust June 30, 2017 32 BAF BlackRock Municipal Income Investment Quality Trust June 30, 2017 33 BBF BlackRock Municipal Income Investment Trust June 30, 2017 34 BYM BlackRock Municipal Income Quality Trust June 30, 2017 35 BFK BlackRock Municipal Income Trust June 30, 2017 36 BLE BlackRock Municipal Income Trust II June 30, 2017 37 BTT BlackRock Municipal 2030 Target Term Trust June 30, 2017 38 MEN BlackRock MuniEnhanced Fund, Inc. June 30, 2017 39 MUC BlackRock MuniHoldings California Quality Fund, Inc. June 30, 2017 40 MUH BlackRock MuniHoldings Fund II, Inc. June 30, 2017 41 MHD BlackRock MuniHoldings Fund, Inc. June 30, 2017 42 MFL BlackRock MuniHoldings Investment Quality Fund June 30, 2017 43 MUJ BlackRock MuniHoldings New Jersey Quality Fund, Inc. June 30, 2017
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EXPIRATION TICKER FUND DATE ------ -------------------------------------------------------- ----------------- 44 MHN BlackRock MuniHoldings New York Quality Fund, Inc. June 30, 2017 45 MUE BlackRock MuniHoldings Quality Fund II, Inc. June 30, 2017 46 MUS BlackRock MuniHoldings Quality Fund, Inc. June 30, 2017 47 MVT BlackRock MuniVest Fund II, Inc. June 30, 2017 48 MVF BlackRock MuniVest Fund, Inc. June 30, 2017 49 MZA BlackRock MuniYield Arizona Fund, Inc. June 30, 2017 50 MYC BlackRock MuniYield California Fund, Inc. June 30, 2017 51 MCA BlackRock MuniYield California Quality Fund, Inc. June 30, 2017 52 MYD BlackRock MuniYield Fund, Inc. June 30, 2017 53 MYF BlackRock MuniYield Investment Fund June 30, 2017 54 MFT BlackRock MuniYield Investment Quality Fund June 30, 2017 55 MIY BlackRock MuniYield Michigan Quality Fund, Inc. June 30, 2017 56 MYJ BlackRock MuniYield New Jersey Fund, Inc. June 30, 2017 57 MYN BlackRock MuniYield New York Quality Fund, Inc. June 30, 2017 58 MPA BlackRock MuniYield Pennsylvania Quality Fund June 30, 2017 59 MQT BlackRock MuniYield Quality Fund II, Inc. June 30, 2017 60 MYI BlackRock MuniYield Quality Fund III, Inc. June 30, 2017 61 MQY BlackRock MuniYield Quality Fund, Inc. June 30, 2017 62 BLJ BlackRock New Jersey Municipal Bond Trust June 30, 2017 63 BNJ BlackRock New Jersey Municipal Income Trust June 30, 2017 64 BLH BlackRock New York Municipal 2018 Term Trust June 30, 2017 65 BQH BlackRock New York Municipal Bond Trust June 30, 2017 66 BSE BlackRock New York Municipal Income Quality Trust June 30, 2017
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EXPIRATION TICKER FUND DATE ------ -------------------------------------------------------- ----------------- 67 BNY BlackRock New York Municipal Income Trust June 30, 2017 68 BFY BlackRock New York Municipal Income Trust II June 30, 2017 69 -- BlackRock Preferred Partners LLC July 31, 2017 70 BCX BlackRock Resources & Commodities Strategy Trust June 30, 2017 71 BST BlackRock Science and Technology Trust June 30, 2017 72 BUI BlackRock Utility and Infrastructure Trust June 30, 2017 73 BHV BlackRock Virginia Municipal Bond Trust June 30, 2017 74 BSD The BlackRock Strategic Municipal Trust June 30, 2017 75 BGIO BlackRock 2022 Global Income Opportunity Trust/1/ June 30, 2018
---------- /1/ This Agreement was effective with respect to BlackRock 2022 Global Income Opportunity Trust as of February 16, 2017. - 7 - SCHEDULE B CLOSED-END FUND MASTER ADVISORY FEE WAIVER AGREEMENT (DATED AS OF DECEMBER 2, 2016) BlackRock Advisors, LLC will waive the management fee with respect to any portion of the Fund's assets estimated to be attributable to investments in other equity and fixed-income mutual funds and exchange-traded funds managed by BlackRock Advisors, LLC or its affiliates. - 8 -