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ANDREWS TITLE CFO EX-99.77O RULE 10F-3 2 77o6.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 Multi-Asset Income - High Yield Portfolio (BR-INC-HY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) Brighthouse Funds Trust I - 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 09-06-2017 Offering Commencement: Security Type: BND/CORP Issuer Steel Dynamics, Inc. (2025) Selling Underwriter Merrill Lynch,Pierce,Fenner & Smith Incorporated Affiliated Underwriter(s) [X] PNC Capital Markets LLC List of Underwriter(s) Merrill Lynch,Pierce,Fenner & Smith Incorporated,J.P. Morgan Securities LLC,Goldman Sachs & Co. LLC,Morgan Stanley & Co. LLC,Deutsche Bank Securities Inc,BMO Capital Markets Corp,PNC Capital Markets LLC,U.S. Bancorp Investments,Inc,Wells Fargo Securities,LLC TRANSACTION DETAILS Date of Purchase 09-06-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.250% Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 1. Aggregate Principal Amount Purchased (a+b) $ 27,750,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 15,870,000 b. Other BlackRock Clients $ 11,880,000 2. Aggregate Principal Amount of Offering $350,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.0793 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 09-13-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 09-13-2017 -------------------------------- ------------ 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 3 77o7.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 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) Brighthouse Funds Trust I - 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 09-08-2017 Offering Commencement: Security Type: BND/CORP Issuer United Rentals (North America), Inc. (2025) Selling Underwriter Morgan Stanley & Co. LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] List of Underwriter(s) Morgan Stanley & Co. LLC,Wells Fargo Securities, LLC,Merrill Lynch,Pierce,Fenner & Smith Incorporated,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,TD Securities (USA) LLC TRANSACTION DETAILS Date of Purchase 09-08-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.250% 1. Aggregate Principal Amount Purchased (a+b) $ 75,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 41,139,000 b. Other BlackRock Clients $ 33,861,000 2. Aggregate Principal Amount of Offering $750,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.1000 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 09-19-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 09-19-2017 -------------------------------- ------------ 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 77o8.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) 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) Brighthouse Funds Trust I - 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 09-08-2017 Offering Commencement: Security Type: BND/CORP Issuer United Rentals (North America), Inc. (2028) Selling Underwriter Morgan Stanley & Co.LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] List of Underwriter(s) Morgan Stanley & Co. LLC,Wells Fargo Securities, LLC,Merrill Lynch,Pierce,Fenner & Smith Incorporated,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,TD Securities (USA) LLC TRANSACTION DETAILS Date of Purchase 09-08-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100.25 Total Commission, Spread or Profit 1.250% 1. Aggregate Principal Amount Purchased (a+b) $ 95,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 55,305,000 b. Other BlackRock Clients $ 39,695,000 2. Aggregate Principal Amount of Offering $750,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.1266 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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: Arushi Bhasin Date: 09-19-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 09-19-2017 -------------------------------- ------------ 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 5 77o9.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 ETF (ISHHYLD) BlackRock 2022 Global Income Opportunity Trust (BGIO) 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) BlackRock Credit Allocation Income Trust (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) : Brighthouse Funds Trust I - 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 10-05-2017 Offering Commencement: Security Type: BND/CORP Issuer Parsley Energy, LLC and Parsley Finance Corp. (2027) Selling Underwriter Credit Suisse Securities (USA) LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC [X] Other: UBS Securities LLC for UBS-PACE List of Underwriter(s) Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC, BMO Capital Markets Corp., J.P. Morgan Securities LLC, BBVA Securities Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., US Bancorp Investments, Inc., BOK Financial Securities, Inc., Capital One Securities, Inc., CIBC World Markets Corp., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC., PNC Capital Markets LLC., UBS Securities LLC Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS Date of Purchase 10-05-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.000% 1. Aggregate Principal Amount Purchased (a+b) $ 41,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 22,877,000 b. Other BlackRock Clients $ 18,123,000 2. Aggregate Principal Amount of Offering $700,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.05857 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 10-11-2017 ----------------------------------- ------------ Global Syndicate Team Member Approved by: Steven Delaura Date: 10-11-2017 ----------------------------------- ------------ 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 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): BlackRock 2022 Global Income Opportunity Trust (BGIO) 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 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 - High Yield Portfolio (BR-INC-HY) BlackRock Multi-Asset Income - Preferred Stock Portfolio (BR-INC-PS) BlackRock Managed Income - Preferred Stock Portfolio (BR-MI-PS) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) Strategic Income Opportunities Fund (BR-SIP) BlackRock Strategic Global Bond Fund, Inc(BR-WI) BlackRock Global Long Short Credit Fund - High Yield Sleeve . (BRGC-HY) 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) Brighthouse Funds Trust I - 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 10-18-2017 Offering Commencement: Security Type: BND/CORP Issuer The Goldman Sachs Group, Inc. (2049) Selling Underwriter Goldman Sachs & Co. LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] List of Underwriter(s) Goldman Sachs & Co. LLC,BB&T Capital Markets,a division of BB&T Securities,LLC,BMO Capital Markets Corp.,BNY Mellon Capital Markets,LLC,Citigroup Global Markets Inc.,Fifth Third Securities,Inc.,J.P. Morgan Securities LLC,KeyBanc Capital Markets Inc.,Merrill Lynch,Pierce,Fenner & Smith Incorporated,Mizuho Securities USA LLC,Morgan Stanley & Co. LLC,PNC Capital Markets LLC,RBC Capital Markets,LLC,Scotia Capital (USA) Inc.,SMBC Nikko Securities America,Inc.,SunTrust Robinson Humphrey,Inc.,TD Securities (USA) LLC,U.S. Bancorp Investments,Inc.,Wells Fargo Securities,LLC,Academy Securities,Inc.,CastleOak Securities,L.P.,Drexel Hamilton,LLC,Mischler Financial Group,Inc. TRANSACTION DETAILS Date of Purchase 10-18-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.500% 1. Aggregate Principal Amount Purchased (a+b) $ 250,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 150,803,000 b. Other BlackRock Clients $ 99,197,000 2. Aggregate Principal Amount of Offering $1,500,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.1666 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 10-31-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 10-31-2017 -------------------------------- ------------ 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 77o11.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, BlackRock Global Long/Short Credit Fund (BR-GC) 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 Investment Grade (BR-MSBEUIG) Strategic Income Opportunities Fund (BR-SIP) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) Master Total Return Portfolio of Master Bond LLC (MF-BOND) : Brighthouse Funds Trust I - 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 10-23-2017 Offering Commencement: Security Type: BND/CORP Issuer Verizon Communications Inc. (2026) Selling Underwriter Deutsche Bank AG, London Branch Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Barclays Bank PLC, Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Banco Santander, S.A., Citigroup Global Markets Limited, Mizuho International plc, ICBC Standard Bank Plc, PNC Capital Markets LLC, Societe Generale, Blaylock Van, LLC, The Williams Capital Group, L.P. TRANSACTION DETAILS Date of Purchase 10-23-2017 Purchase Price/Share (Pounds)99.681 (PER SHARE / % OF PAR) Or Total Commission, Spread or $131.56 Profit 0.400% Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 1. Aggregate Principal Amount Purchased (a+b) (Pounds) 45,000,000 or $ 59,391,000 a. US Registered Funds (Appendix attached with individual (Pounds) 21,450,000 or Fund/Client purchase) $ 28,309,710 b. Other BlackRock Clients (Pounds) 23,550,000 or $ 31,081,290 2. Aggregate Principal Amount of Offering (Pounds)1,250,000,000 or $ 1,649,750,000 FUNDRATIO [Divide Sum of#1 by #2] Must be less than 0.25 0.036 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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: 10-26-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 10-26-2017 -------------------------------- ------------ 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 8 77o12.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 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- European High Yield Portfolio (BR-INC-EHY) BlackRock Credit Strategies Income - European Investment Grade (BR-MSBEUIG) Strategic Income Opportunities Fund (BR-SIP) BlackRock Debt Strategies Fund, Inc. (DSU) BlackRock Corporate High Yield Fund, Inc. (HYT) Master Total Return Portfolio of Master Bond LLC (MF-BOND) : Brighthouse Funds Trust I - 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 Offering Commencement: 10-23-2017 Security Type: BND/CORP Issuer Verizon Communications Inc. (2036) Selling Underwriter Credit Suisse Securities (Europe) Limited Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Barclays Bank PLC, Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Banco Santander, S.A., Citigroup Global Markets Limited, Mizuho International plc, ICBC Standard Bank Plc, PNC Capital Markets LLC, Societe Generale, Blaylock Van, LLC, The Williams Capital Group, L.P. TRANSACTION DETAILS Date of Purchase 10-23-2017 Purchase Price/Share (Pounds)98.631 (PER SHARE / % OF PAR) or Total Commission, Spread or $130.17 Profit 0.400% 1. Aggregate Principal Amount Purchased (a+b) (Pounds)160,000,000 or $211,168,000 a. US Registered Funds (Pounds)20,425,000 or (Appendix attached with individual Fund/Client purchase) $26,956,915 Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] b. Other BlackRock Clients (Pounds)139,575,000 or $184,211,085 2. Aggregate Principal Amount of Offering (Pounds)1,000,000,000 or $1,319,800,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.16 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 10-26-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 10-26-2017 -------------------------------- ------------ 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 9 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 US & INTL HIGH YIELD CORP BOND ETF (ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF (ISHUSHY) 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) : Brighthouse Funds Trust I - 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 11-14-2017 Offering Commencement: Security Type: BND/CORP Issuer Lennar Corporation (2027) Selling Underwriter Citigroup Global Markets Inc Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC, PNC Capital Markets LLC TRANSACTION DETAILS Date of Purchase 11-14-2017 Purchase Price/Share $100 Total Commission, Spread or Profit 0.650% (PER SHARE / % OF PAR) Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 1. Aggregate Principal Amount Purchased (a+b) $ 76,500,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 36,910,000 b. Other BlackRock Clients $ 39,590,000 2. Aggregate Principal Amount of Offering $900,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.085 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 11-21-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 11-21-2017 -------------------------------- ------------ 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 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 US & INTL HIGH YIELD CORP BOND ETF (ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) BlackRock 2022 Global Income Opportunity Trust (BGIO) 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) Strategic Income Opportunities Fund (BR-SIP) BlackRock Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) BlackRock Credit Allocation Income Trust (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) Master Total Return Portfolio of Master Bond LLC (MF-BOND) : Brighthouse Funds Trust I - 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) Advanced Series Trust - AST BlackRock/Loomis Sayles Bond Portfolio (SMF_PRUTR) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 11-28-2017 Offering Commencement: Security Type: BND/CORP Issuer Endeavor Energy Resources, L.P. (2026) Selling Underwriter Goldman Sachs & Co. LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, MUFG Securities Americas Inc., Wells Fargo Securities, LLC, BMO Capital Markets Corp., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, BB&T Capital Markets, a division of BB&T Securities, LLC, CIBC World Markets Corp., Credit Agricole Securities (USA) Inc., Natixis Securities Americas LLC, Regions Securities LLC, Scotia Capital (USA) Inc. Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS Date of Purchase 11-28-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.15% 1. Aggregate Principal Amount Purchased (a+b) $ 30,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 17,768,000 b. Other BlackRock Clients $ 12,232,000 2. Aggregate Principal Amount of Offering $500,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.06 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 Offering.. [Issuer must have 3 years of continuous 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 Offering... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 11-30-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven Delaura Date: 11-30-2017 -------------------------------- ------------ 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 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 0-5 YEAR HIGH YIELD CORPORATE BOND ETF(ISHSHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF(ISHHYLD) BlackRock Funds II, High Yield Bond Portfolio(BR-HIYLD) BlackRock Low Duration Bond Portfolio(BR-LO) Strategic Income Opportunities Fund(BR-SIP) AST BlackRock Global Strategies Portfolio (US High Yield)(PRU-AA-HY) Advanced Series Trust - AST BlackRock/Loomis Sayles Bond Portfolio(SMF_PRUTR) 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 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 Global Long Short Credit Fund - High Yield Sleeve(BRGC-HY) BlackRock Credit Allocation Income Trust(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) Master Total Return Portfolio of Master Bond LLC(MF-BOND) : Brighthouse Funds Trust I - BlackRock High Yield Portfolio(MIST-HY) JNL/BlackRock Global Long Short Credit Fund(SMF_CC-GC) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 01-09-2018 Offering Commencement: Security Type: BND/CORP Issuer Sunoco LP (2023) 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,RBC Capital Markets,LLC.,BBVA Securities Inc,Citigroup Global Markets Inc,Credit Agricole Securities (USA) Inc,Deutsche Bank Securities Inc.,Goldman Sachs & Co. LLC.,Merrill Lynch,Pierce,Fenner & Smith,Incorporated,Mizuho Securities USA LLC,Morgan Stanley & Co. LLC,MUFG Securities Americas Inc.,Natixis Securities Americas LLC,PNC Capital Markets LLC,SMBC Nikko Securities America,Inc,TD Securities (USA) LLC Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS Date of Purchase 01-09-2018 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.00% 1. Aggregate Principal Amount Purchased (a+b) $ 57,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 35,626,000 b. Other BlackRock Clients $ 21,374,000 2. Aggregate Principal Amount of Offering $1,000,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.057 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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: 01-10-2018 -------------------------------- ------------- Global Syndicate Team Member Approved by: Betsy Mathews Date: 02-28-2018 -------------------------------- ------------- 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 12 77o16.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 ETF(ISHHYLD) 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 Global Long Short Credit Fund - High Yield Sleeve(BRGC-HY) BlackRock Credit Allocation Income Trust(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) : Brighthouse Funds Trust I - 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 01-09-2018 Offering Commencement: Security Type: BND/CORP Issuer Sunoco LP (2026) 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,RBC Capital Markets,LLC.,BBVA Securities Inc,Citigroup Global Markets Inc,Credit Agricole Securities (USA) Inc,Deutsche Bank Securities Inc.,Goldman Sachs & Co. LLC.,Merrill Lynch,Pierce,Fenner & Smith,Incorporated,Mizuho Securities USA LLC,Morgan Stanley & Co. LLC,MUFG Securities Americas Inc.,Natixis Securities Americas LLC,PNC Capital Markets LLC,SMBC Nikko Securities America,Inc,TD Securities (USA) LLC TRANSACTION DETAILS Date of Purchase 01-09-2018 Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.00% 1. Aggregate Principal Amount Purchased (a+b) $ 12,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 6,990,000 b. Other BlackRock Clients $ 5,010,000 2. Aggregate Principal Amount of Offering $800,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.015 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 01-10-2018 -------------------------------- ------------ Global Syndicate Team Member Approved by: Betsy Mathews Date: 02-28-2018 -------------------------------- ------------ 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 77o17.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 US & INTL HIGH YIELD CORP BOND ETF(ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF(ISHHYLD) ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF(ISHUSHY) : Brighthouse Funds Trust I - BlackRock High Yield Portfolio(MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield)(PRU-AA-HY) BlackRock 2022 Global Income Opportunity Trust(BGIO) 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) Strategic Income Opportunities Fund(BR-SIP) BlackRock Global Long Short Credit Fund - High Yield Sleeve(BRGC-HY) BlackRock Credit Allocation Income Trust(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) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 01-09-2018 Offering Commencement: Security Type: BND/CORP Issuer Sunoco LP (2028) 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,RBC Capital Markets,LLC.,BBVA Securities Inc,Citigroup Global Markets Inc,Credit Agricole Securities (USA) Inc,Deutsche Bank Securities Inc.,Goldman Sachs & Co. LLC.,Merrill Lynch,Pierce,Fenner & Smith,Incorporated,Mizuho Securities USA LLC,Morgan Stanley & Co. LLC,MUFG Securities Americas Inc.,Natixis Securities Americas LLC,PNC Capital Markets LLC,SMBC Nikko Securities America,Inc,TD Securities (USA) LLC Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS Date of Purchase 01-09-2018 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.00% 1. Aggregate Principal Amount Purchased (a+b) $ 28,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 15,859,000 b. Other BlackRock Clients $ 12,141,000 2. Aggregate Principal Amount of Offering $400,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.07 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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: 01-10-2018 -------------------------------- ------------ Global Syndicate Team Member Approved by: Betsy Mathews Date: 02-28-2018 -------------------------------- ------------ 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 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): ISHARES US & INTL HIGH YIELD CORP BOND ETF(ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF(ISHHYLD) ISHARES CORE TOTAL USD BOND MARKET ETF(ISHIUSB) ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF(ISHUSHY) 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 Global Long Short Credit Fund - High Yield Sleeve(BRGC-HY) BlackRock Credit Allocation Income Trust(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) : Brighthouse Funds Trust I - 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) Global Atlantic BlackRock High Yield Portfolio(SMF_GA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 01-18-2018 Offering Commencement: Security Type: BND/CORP Issuer Extraction Oil & Gas, Inc. (2026) 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, Barclays Capital Inc, Goldman Sachs & Co. LLC, SunTrust Robinson Humphrey, Inc, Wells Fargo Securities, LLC, ABN AMRO Securities (USA) LLC, KeyBanc Capital Markets Inc, Citigroup Global Markets Inc, The Huntington Investment Company, PNC Capital Markets LLC, RBC Capital Markets, LLC, Intrepid Partners, LLC, Capital One Securities, Inc, Merrill Lynch, Pierce, Fenner & Smith Incorporated Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS Date of Purchase 01-18-2018 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 0.1375% 1. Aggregate Principal Amount Purchased (a+b) $ 53,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 29,015,000 b. Other BlackRock Clients $ 23,985,000 2. Aggregate Principal Amount of Offering $750,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.07066 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 01-24-2018 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 01-24-2018 -------------------------------- ------------ 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 77o19.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 US & INTL HIGH YIELD CORP BOND ETF (ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF (ISHUSHY) 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) BlackRock Credit Allocation Income Trust (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) : Brighthouse Funds Trust I - 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 01-31-2018 Offering Commencement: Security Type: BND/CORP Issuer Scientific Games International, 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, Deutsche Bank Securities, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Fifth Third Securities, Credit Suisse Securities (USA) LLC, Citizens Capital Markets, Inc., PNC Capital Markets LLC, Macquarie Capital (USA) Inc., Goldman Sachs & Co. LLC, TRANSACTION DETAILS Date of Purchase 01-31-2018 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.250% Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 1. Aggregate Principal Amount Purchased (a+b) $ 60,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 36,463,000 b. Other BlackRock Clients $ 23,537,000 2. Aggregate Principal Amount of Offering $900,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.0666 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 02-06-2018 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 02-06-2018 -------------------------------- ------------ 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 16 77o20.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) ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF (ISHUSHY) 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) BlackRock Credit Allocation Income Trust (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) Brighthouse Funds Trust I - 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) Global Atlantic BlackRock High Yield Portfolio (SMF_GA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 02-01-2018 Offering Commencement: Security Type: BND/CORP Issuer Indigo Natural Resources LLC (2026) Selling Underwriter J.P. Morgan Securities, LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) J.P. Morgan, Wells Fargo Securities,BofA Merrill Lynch,BMO Capital Markets, Citigroup, Credit Suisse, Goldman Sachs & Co., BBVA, Comerica Securities, US Bancorp, Huntington Capital Markets, ABN AMRO, BOK Financial Securities, Inc., Fifth Third Securities, PNC Capital Markets LLC, Ramirez & Co.,Inc., IBERIA Capital Partners L.L.C., CIBC Capital Markets Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS Date of Purchase 02-01-2018 Purchase Price/Share (PER SHARE / % OF PAR) $100.00 Total Commission, Spread or Profit 1.875% 1. Aggregate Principal Amount Purchased (a+b) $ 35,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 15,137,000 b. Other BlackRock Clients $ 19,863,000 2. Aggregate Principal Amount of Offering $650,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.0538 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 02-05-2018 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 02-05-2018 -------------------------------- ------------ 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 17 77o21.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 INTERNATIONAL HIGH YIELD BOND ETF (ISHHYXU) 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- 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) Master Total Return Portfolio of Master Bond LLC (MF-BOND) Brighthouse Funds Trust I - 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 02-28-2018 Offering Commencement: Security Type: BND/CORP Issuer Equinix, Inc (2024) Selling Underwriter HSBC Securities (USA) Inc Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Barclays Bank plc,HSBC Securities (USA) Inc.,ING Bank N.V.,London Branch,Merrill Lynch International,Citigroup Global Markets Inc. ,Goldman Sachs & Co. LLC,J.P. Morgan Securities plc,MUFG Securities EMEA plc,RBC Europe Limited,TD Securities (USA) LLC,Wells Fargo Securities International Limited,BNP Paribas,Mizuho International plc,Morgan Stanley & Co. International plc,PNC Capital Markets LLC,Scotiabank Europe plc,SMBC Nikko Capital Markets Limited,U.S. Bancorp Investments,Inc. Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS Date of Purchase 02-28-2018 Purchase Price/Share (Euro) 100 or (PER SHARE / % OF PAR) $122.12 Total Commission, Spread or Profit 1.000% 1. Aggregate Principal Amount Purchased (a+b) (Euro) 39,000,000 or $ 47,626,800 a. US Registered Funds (Appendix attached with individual Fund/Client (Euro) 7,567,000 or purchase) $ 9,240,820.40 b. Other BlackRock Clients (Euro) 31,433,000 or $ 38,385,979.60 2. Aggregate Principal Amount of Offering (Euro)750,000,000 or $ 915,900,00 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.0520 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 03-06-2018 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 03-06-2018 -------------------------------- ------------ 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 18 77o22.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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) : Brighthouse Funds Trust I - 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 09-06-2017 Offering Commencement: Security Type: BND/CORP Issuer Iron Mountain Incorporated (2027) 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, Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citizens Capital Markets, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Barclays Capital Inc., Goldman Sachs & Co. LLC, Scotia Capital (USA) Inc., MUFG Securities Americas Inc., PNC Capital Markets LLC., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC TRANSACTION DETAILS Date of Purchase 09-06-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100.00 Total Commission, Spread or Profit 1.250% 1. Aggregate Principal Amount Purchased (a+b) $20,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 6,702,000 Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] b. Other BlackRock Clients $ 13,298,000 2. Aggregate Principal Amount of Offering $1,000,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.02 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 09-08-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 09-08-2017 -------------------------------- ------------ 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 19 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): 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) Brighthouse Funds Trust I - 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 09-15-2017 Offering Commencement: Security Type: BND/CORP Issuer Wabash National Corporation (2025) Selling Underwriter Morgan Stanley & Co. LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC List of Underwriter(s) Morgan Stanley & Co. LLC,Wells Fargo Securities,LLC,BMO Capital Markets Corp,Citizens Capital Markets,Inc.,PNC Capital Markets LLC . TRANSACTION DETAILS Date of Purchase 09-15-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.250% 1. Aggregate Principal Amount Purchased (a+b) $ 28,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 13,795,000 b. Other BlackRock Clients $ 14,205,000 2. Aggregate Principal Amount of Offering $325,000,000 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 0.086154 LEGAL REQUIREMENTS OFFERING TYPE (CHECK ONE) The securities fall into one of the following transaction types (see Definitions): [_] U.S. Registered Public Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 09-25-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 09-25-2017 -------------------------------- ------------ 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 20 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): 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) BlackRock High Yield Portfolio of BlackRock Series Fund, Inc (BVA-HI) BlackRock Corporate High Yield Fund, Inc. (HYT) Brighthouse Funds Trust I - 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 09-22-2017 Offering Commencement: Security Type: BND/CORP Issuer CB Escrow Corp. (2025) Selling Underwriter Morgan Stanley & Co. LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC List of Underwriter(s) Morgan Stanley & Co. LLC, Barclays Capital Inc, PNC Capital Markets LLC, Citigroup Global Markets Inc, Regions Securities LLC, Citizens Capital Markets,Inc TRANSACTION DETAILS Date of Purchase 09-22-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100.00 Total Commission, Spread or Profit 1.500% 1. Aggregate Principal Amount Purchased (a+b) $25,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $15,693,000 b. Other BlackRock Clients $ 9,307,000 Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 2. Aggregate Principal Amount of Offering $350,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.07143 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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: Arushi Bhasin Date: 10-05-2017 --------------------------------- ----------- Global Syndicate Team Member Approved by: Steven DeLaura Date: 10-05-2017 --------------------------------- ----------- 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 21 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 CORE TOTAL USD BOND MARKET ETF (ISHIUSB) BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Limited Duration Income Trust - High Yield (BLW-HYLD) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) Brighthouse Funds Trust I - BlackRock High Yield Portfolio (MIST-HY) JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 10-02-2017 Offering Commencement: Security Type: BND/CORP Issuer Scientific Games International, 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, Macquarie Capital (USA) Inc., Credit Suisse Securities (USA) LLC, Fifth Third Securities, Inc.,Goldman Sachs & Co. LLC and PNC Capital Markets LLC TRANSACTION DETAILS Date of Purchase 10-02-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.50% 1. Aggregate Principal Amount Purchased (a+b) $18,450,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 9,841,000 b. Other BlackRock Clients $ 8,609,000 Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 2. Aggregate Principal Amount of Offering $350,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.052 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 10-12-2017 --------------------------------- ------------ Global Syndicate Team Member Approved by: Betsy Mathews Date: 12-11-2017 --------------------------------- ------------ 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 22 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 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) : Brighthouse Funds Trust I - 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 10-04-2017 Offering Commencement: Security Type: BND/CORP Issuer Hologic, Inc. (2025) Selling Underwriter Goldman Sachs & Co. LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, MUFG Securities Americas Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., DNB Markets, Inc., SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, Fifth Third Securities, Inc., Scotia Capital (USA) Inc., PNC Capital Markets LLC, TD Securities (USA) LLC, Mizuho Securities USA LLC, Citizens Capital Markets, Inc., KeyBanc Capital Markets Inc., Janney Montgomery Scott LLC TRANSACTION DETAILS Date of Purchase 10-04-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.250% Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 1. Aggregate Principal Amount Purchased (a+b) $ 14,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 6,704,000 b. Other BlackRock Clients $ 7,296,000 2. Aggregate Principal Amount of Offering $350,000,000 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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 agreement [_] NO 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 10-10-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 10-10-2017 -------------------------------- ------------ 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 23 77o29.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 US & INTL HIGH YIELD CORP 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 Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) : Brighthouse Funds Trust I - 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 10-05-2017 Offering Commencement: Security Type: BND/CORP Issuer Gulfport Energy Corporation (2026) 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, Scotia Capital (USA) Inc., KeyBanc Capital Markets Inc., PNC Capital Markets LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, BBVA Securities Inc., U.S. Bancorp Investments, Inc., Commonwealth Bank of Australia, ABN AMRO Securities (USA) LLC, BOK Financial Securities, Inc., CIBC World Markets Corp., Fifth Third Securities, Inc., IBERIA Capital Partners L.L.C., Morgan Stanley & Co. LLC, Samuel A. Ramirez & Company, Inc. TRANSACTION DETAILS Date of Purchase 10-05-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.000% Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 1. Aggregate Principal Amount Purchased (a+b) $42,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $20,549,000 b. Other BlackRock Clients $21,451,000 2. Aggregate Principal Amount of Offering $450,000,000 Fund Ratio [Divide Sum of #1 by #2 ]Must be less than 0.25 0.09333 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 10-10-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 10-10-2017 -------------------------------- ------------ 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 24 77o31.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 Funds, BlackRock Global Long/Short Credit Fund (BR-GC) 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 Investment Grade (BR-MSBEUIG) Strategic Income Opportunities Fund (BR-SIP) BlackRock Corporate High Yield Fund, Inc. (HYT) Master Total Return Portfolio of Master Bond LLC (MF-BOND) : Brighthouse Funds Trust I - BlackRock High Yield Portfolio (MIST-HY) JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 10-23-2017 Offering Commencement: Security Type: BND/CORP Issuer Verizon Communications Inc. (2029) Selling Underwriter Deutsche Bank AG, London Branch Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Barclays Bank PLC, Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Banco Santander, S.A., Citigroup Global Markets Limited, Mizuho International plc, ICBC Standard Bank Plc, PNC Capital Markets LLC, Societe Generale, Blaylock Van, LLC, The Williams Capital Group, L.P. TRANSACTION DETAILS Date of Purchase 10-23-2017 Purchase Price/Share (Pounds)98.962 or Total Commission, (PER SHARE / % OF PAR) $130.61 Spread or Profit 0.400% 1. Aggregate Principal Amount Purchased (a+b) (Pounds)62,000,000 or $ 81,827,600 a. US Registered Funds (Appendix attached with individual (Pounds) 9,950,000 or Fund/Client purchase) $ 13,132,010 Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] b. Other BlackRock Clients (Pounds) 52,050,000 or $ 68,695,590 2. Aggregate Principal Amount of Offering (Pounds)750,000,000 or $ 989,850,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.08267 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 10-26-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 10-26-2017 -------------------------------- ------------ 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 25 77o32.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 Multi-Sector Income Trust - High Yield (BIT-HYLD) BlackRock Funds, BlackRock Global Long/Short Credit Fund (BR-GC) 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 Investment Grade (BR-MSBEUIG) Strategic Income Opportunities Fund (BR-SIP) BlackRock Strategic Global Bond Fund, Inc. (BR-WI) BlackRock Corporate High Yield Fund, Inc. (HYT) Master Total Return Portfolio of Master Bond LLC (MF-BOND) : Brighthouse Funds Trust I - 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 10-23-2017 Offering Commencement: Security Type: BND/CORP Issuer Verizon Communications Inc. (2038) Selling Underwriter Deutsche Bank AG, London Branch Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Barclays Bank PLC, Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch, Banco Santander, S.A., Citigroup Global Markets Limited, Mizuho International plc, ICBC Standard Bank Plc, PNC Capital Markets LLC, Societe Generale, Blaylock Van, LLC, The Williams Capital Group, L.P. TRANSACTION DETAILS Date of Purchase 10-23-2017 Purchase Price/Share (Pounds)99.432 or Total Commission, (PER SHARE / % OF PAR) $131.23 Spread or Profit 0.400% 1. Aggregate Principal Amount Purchased (a+b) (Pounds)85,000,000 or $ 112,183,000 a. US Registered Funds (Pounds)19,850,000 or (Appendix attached with individual Fund/Client Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] purchase) $ 26,198,030 b.Other BlackRock Clients (Pounds)65,150,000 or $ 85,984,970 2.Aggregate Principal Amount of Offering (Pounds)1,500,000,000 or $1,979,700,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.05667 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 10-26-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 10-26-2017 -------------------------------- ------------ 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 26 77o33.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 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) : Brighthouse Funds Trust I - 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) BlackRock Core Bond Trust - High Yield (BHK-HYLD) BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 10-30-2017 Offering Commencement: Security Type: BND/CORP Issuer Consol Mining Corp (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, Merill Lynch, Pierce,, Fenner & Smith Incorporated, Credit Suisse Securities (USA), LLC, Citigroup Global Markets Inc., PNC Capital Markets LLC, Goldman Sachs & Co. LLC, The Huntington Investment Company, Stifel, Nicolaus & Company Incorporated, Clarksons Platou Securities, Inc., Seaport Global Securities LLC, FBR Capital Markets & Co. TRANSACTION DETAILS Date of Purchase 10-30-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 2.0% 1. Aggregate Principal Amount Purchased (a+b) $65,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $34,460,000 Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] b. Other BlackRock Clients $ 30,540,000 2. Aggregate Principal Amount of Offering $300,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.216 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Alisha Khan Date: 11-13-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Betsy Mathews Date: 12-20-2017 -------------------------------- ------------ 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 27 77o34.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 ETF (ISHHYLD) 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 - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Global Long Short Credit Fund--High Yield Sleeve (BRGC-HY) 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) Brighthouse Funds Trust I - 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) Global Atlantic BlackRock High Yield Portfolio (SMF_GA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 11-06-2017 Offering Commencement: Security Type: BND/CORP Issuer QEP Resources, Inc. (2026) Selling Underwriter Wells Fargo Securities,LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Wells Fargo Securities,LLC,BMO Capital Markets Corp.,Citigroup Global Markets Inc.,Deutsche Bank Securities Inc.,J.P. Morgan Securities LLC,MUFG Securities Americas Inc.,U.S. Bancorp Investments,Inc.,Fifth Third Securities,Inc.,SMBC Nikko Securities America,Inc.,TD Securities (USA) LLC,Goldman Sachs & Co. LLC,PNC Capital Markets LLC Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS Date of Purchase 11-06-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100.00 Total Commission, Spread or Profit 1.250% 1. Aggregate Principal Amount Purchased (a+b) $ 17,750,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 9,937,000 b. Other BlackRock Clients $ 7,813,000 2. Aggregate Principal Amount of Offering $500,000,000 FUND RATIO [Divide Sum of #1 by #2 ]Must be less than 0.25 0.035 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 Offering [Issuer must have 3 years of continuous 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 Offering [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 11-17-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 11-17-2017 -------------------------------- ------------ 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 28 77o35.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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) : Brighthouse Funds Trust I - 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) Global Atlantic BlackRock High Yield Portfolio (SMF_GA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 11-08-2017 Offering Commencement: Security Type: BND/CORP Issuer Kratos Defense & Security Solutions, Inc. (2025) Selling Underwriter Goldman Sachs & Co. LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, SunTrust Robinson Humphrey, Inc., PNC Capital Markets LLC TRANSACTION DETAILS Date of Purchase 11-08-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.50% 1. Aggregate Principal Amount Purchased (a+b) $29,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $13,590,000 b. Other BlackRock Clients $15,410,000 Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 2. Aggregate Principal Amount of Offering $300,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.09667 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 11-16-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 11-16-2017 -------------------------------- ------------ 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 29 77o36.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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) : Brighthouse Funds Trust I - 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 Offering Commencement: 11-14-2017 Security Type: BND/CORP Issuer Lennar Corporation (2020) Selling Underwriter Citigroup Global Markets Inc Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC, PNC Capital Markets LLC TRANSACTION DETAILS Date of Purchase 11-14-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 0.400% 1. Aggregate Principal Amount Purchased (a+b) $30,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $19,238,000 b. Other BlackRock Clients $10,762,000 Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 2. Aggregate Principal Amount of Offering $300,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.10 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 Offering [Issuer must have 3 years of continuous 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 Offering [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 11-21-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 11-21-2017 -------------------------------- ------------ 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 30 77o37.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 US & INTL HIGH YIELD CORP BOND ETF(ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) ISHARES CORE TOTAL USD BOND MARKET ETF (ISHIUSB) ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF (ISHUSHY) 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 - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) Brighthouse Funds Trust I - BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) Global Atlantic BlackRock High Yield Portfolio (SMF_GA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 11-14-2017 Offering Commencement: Security Type: BND/CORP Issuer PDC Energy, Inc. (2026) 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., Wells Fargo Securities, LLC, BMO Capital Markets Corp., J.P. Morgan Securities LLC., TD Securities (USA) LLC., BBVA Securities Inc., Capital One Securities, Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc., BOK Financial Securities, Inc., CIBC World Markets Corp., Comerica Securities, Inc., Credit Agricole Securities (USA) Inc., KeyBanc Capital Markets Inc., Natixis Securities Americas LLC ., WoodRock Securities L.P.,ABN AMRO Securities (USA) LLC, Fifth Third Securities, Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC . Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] TRANSACTION DETAILS Date of Purchase 11-14-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100.00 Total Commission, Spread or Profit 1.00% 1. Aggregate Principal Amount Purchased (a+b) $ 30,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 17,065,000 b. Other BlackRock Clients $ 12,935,000 2. Aggregate Principal Amount of Offering $600,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.05 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 11-21-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 11-21-2017 -------------------------------- ------------ 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 The securities offered are registered under the Offering. Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 31 77o38.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) 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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) Brighthouse Funds Trust I - BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) Global Atlantic BlackRock High Yield Portfolio (PRU-AA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 11-17-2017 Offering Commencement: Security Type: BND/CORP Issuer Match Group, Inc.. (2027) Selling Underwriter J.P. MORGAN SECURITIES LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) J.P. Morgan, BofA Merrill Lynch, Deutsche Bank Securities, BNP PARIBAS, Barclays, BMO Capital Markets, SOCIETE GENERALE, Goldman Sachs & Co. LLC, Fifth Third Securities, PNC Capital Markets LLC, Citigroup TRANSACTION DETAILS Date of Purchase 11-17-2017 Purchase Price/Share (PER SHARE / % OF PAR) $99.027 Total Commission, Spread or Profit 1.125% 1. Aggregate Principal Amount Purchased (a+b) $20,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client $ 6,873,000 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] purchase) b. Other BlackRock Clients $ 13,127,000 2. Aggregate Principal Amount of Offering $450,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.044 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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: Arushi Bhasin Date: 12-04-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 12-04-2017 -------------------------------- ------------ 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 The securities offered are registered under the Offering. Securities Act of 1933 that are being offered to the public. EX-99.77O RULE 10F-3 32 77o40.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 US & INTL HIGH YIELD CORP BOND ETF (ISHGHYG) ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF (ISHHYLD) 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 - Passive High Yield Portfolio (BR-INC-PHY) BlackRock Credit Strategies Income - High Yield (BR-MSBHY) BlackRock Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) : Brighthouse Funds Trust I - 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 11-28-2017 Offering Commencement: Security Type: BND/CORP Issuer Endeavor Energy Resources, L.P. (2028) Selling Underwriter Goldman Sachs & Co. LLC [X] PNC Capital Markets LLC Affiliated Underwriter(s) [_] Other: List of Underwriter(s) Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, MUFG Securities Americas Inc., Wells Fargo Securities, LLC, BMO Capital Markets Corp., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC, BB&T Capital Markets, a division of BB&T Securities, LLC, CIBC World Markets Corp., Credit Agricole Securities (USA) Inc., Natixis Securities Americas LLC, Regions Securities LLC, Scotia Capital (USA) Inc. TRANSACTION DETAILS Date of Purchase 11-28-2017 Purchase Price/Share (PER SHARE / % OF PAR) $100 Total Commission, Spread or Profit 1.15% Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 1. Aggregate Principal Amount Purchased (a+b) $ 29,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 18,618,000 b. Other BlackRock Clients $ 10,382,000 2. Aggregate Principal Amount of Offering $500,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25............................................ 0.058 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Dipankar Banerjee Date: 11-30-2017 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven Delaura Date: 11-30-2017 -------------------------------- ------------ 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 33 77o41.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 Global Long Short Credit Fund - High Yield Sleeve (BRGC-HY) 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) Brighthouse Funds Trust I - BlackRock High Yield Portfolio (MIST-HY) AST BlackRock Global Strategies Portfolio (US High Yield) (PRU-AA-HY) Global Atlantic BlackRock High Yield Portfolio (SMF_GA-HY) THE OFFERING KEY CHARACTERISTICS (COMPLETE ALL FIELDS) Date of 01-31-2018 Offering Commencement: Security Type: BND/CORP Issuer American Woodmark Corporation (2026) Selling Underwriter Wells Fargo Securities, LLC Affiliated Underwriter(s) [X] PNC Capital Markets LLC [_] Other: List of Underwriter(s) Wells Fargo Securities, LLC, BMO Capital Markets Corp, Citizens Capital Markets, Inc, SunTrust Robinson Humphrey, Inc, BBVA Securities Inc, Capital One Securities, Inc, Fifth Third Securities Inc, MUFG Securities Americas Inc, PNC Capital Markets LLC, Regions Securities LLC, U.S. Bancorp Investments, Inc TRANSACTION DETAILS Date of Purchase 01-31-2018 Purchase Price/Share (PER SHARE / % OF PAR) $100.00 Total Commission, Spread or Profit 1.250% Page 1 of 2 Rule 10f-3 Report - Definitions [LOGO OF BLACKROCK] 1. Aggregate Principal Amount Purchased (a+b) $ 16,000,000 a. US Registered Funds (Appendix attached with individual Fund/Client purchase) $ 6,759,000 b. Other BlackRock Clients $ 9,241,000 2. Aggregate Principal Amount of Offering $350,000,000 FUND RATIO [Divide Sum of #1 by #2] Must be less than 0.25 0.0457143 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 Offering... [Issuer must have 3 years of continuous 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 Offering.... [Issuer must have 3 years of continuous 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, or [_] NO benefited directly or indirectly from, the transaction. Completed by: Arushi Bhasin Date: 02-09-2018 -------------------------------- ------------ Global Syndicate Team Member Approved by: Steven DeLaura Date: 02-09-2018 -------------------------------- ------------ 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.