Name of Fund: |
Fund Address: | 100 Bellevue Parkway, Wilmington, DE 19809 |
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DECEMBER 31, 2023 |
2023 Annual Report |
Not FDIC Insured • May Lose Value • No Bank Guarantee |
Total Cumulative Distributions for the Fiscal Period |
% Breakdown of the Total Cumulative Distributions for the Fiscal Period |
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Trust Name | |
Net Income |
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Net Realized Capital Gains Short-Term |
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Net Realized Capital Gains Long-Term |
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Return of Capital |
(a) |
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Total Per Common Share |
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Net Income |
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Net Realized Capital Gains Short-Term |
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Net Realized Capital Gains Long-Term |
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Return of Capital |
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Total Per Common Share |
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BHK |
$ | 0.538765 | $ | — | $ | — | $ | 0.356435 | $ | 0.895200 | 60 | % | — | % | — | % | 40 | % | 100 | % | ||||||||||||||||||||
HYT |
0.680896 | — | — | 0.253904 | 0.934800 | 73 | — | — | 27 | 100 | ||||||||||||||||||||||||||||||
BTZ |
0.629857 | — | — | 0.376943 | 1.006800 | 63 | — | — | 37 | 100 | ||||||||||||||||||||||||||||||
BGT |
1.236255 | — | — | 0.046605 | 1.282860 | 96 | — | — | 4 | 100 |
(a) | Each Trust estimates that it has distributed more than its net income and net realized capital gains; therefore, a portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment in a Trust is returned to the shareholder. A return of capital does not necessarily reflect a Trust’s investment performance and should not be confused with “yield” or “income.” When distributions exceed total return performance, the difference will reduce a Trust’s net asset value per share. |
Trust Name | Amount Per Common Share |
|||
BHK |
$ | 0.074600 | ||
HYT |
0.077900 | |||
BTZ |
0.083900 | |||
BGT |
0.120280 |
2 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Total Returns as of December 31, 2023 |
||||||
6‑Month |
12‑Month |
|||||
U.S. large cap equities (S&P 500® Index) |
8.04% | 26.29 | % | |||
U.S. small cap equities (Russell 2000® Index) |
8.18 | 16.93 | ||||
International equities (MSCI Europe, Australasia, Far East Index) |
5.88 | 18.24 | ||||
Emerging market equities (MSCI Emerging Markets Index) |
4.71 | 9.83 | ||||
3‑month Treasury bills (ICE BofA 3‑Month U.S. Treasury Bill Index) |
2.70 | 5.02 | ||||
U.S. Treasury securities (ICE BofA 10‑Year U.S. Treasury Index) |
1.11 | 2.83 | ||||
U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index) |
3.37 | 5.53 | ||||
Tax‑exempt municipal bonds (Bloomberg Municipal Bond Index) |
3.63 | 6.40 | ||||
U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index) |
7.65 | 13.44 | ||||
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. |
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T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T |
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T H E B E N E F I T S A N D R I S K S O F L E V E R A G I N G / D E R I V A T I V E F I N A N C I A L I N S T R U M E N T S |
5 |
Trust Summary as of December 31, 2023 | BlackRock Core Bond Trust (BHK) |
Symbol on New York Stock Exchange |
BHK | |
Initial Offering Date |
November 27, 2001 | |
Current Distribution Rate on Closing Market Price as of December 31, 2023 ($10.91)(a) |
8.21% | |
Current Monthly Distribution per Common Share(b) |
$ 0.074600 | |
Current Annualized Distribution per Common Share(b) |
$ 0.895200 | |
Leverage as of December 31, 2023(c) |
33% |
(a) | Current distribution rate on closing market price is calculated by dividing the current annualized distribution per share by the closing market price. The current distribution rate may consist of income, net realized gains and/or a return of capital. Past performance is not an indication of future results. |
(b) | The distribution rate is not constant and is subject to change. A portion of the distribution may be deemed a return of capital or net realized gain. |
(c) | Represents reverse repurchase agreements as a percentage of total managed assets, which is the total assets of the Trust (including any assets attributable to any borrowings) minus the sum of its liabilities (other than borrowings representing financial leverage). Does not reflect derivatives or other instruments that may give rise to economic leverage. For a discussion of leveraging techniques utilized by the Trust, please see The Benefits and Risks of Leveraging and Derivative Financial Instruments. |
12/31/23 | 12/31/22 | Change | High | Low | ||||||||||||||||
Closing Market Price |
$ 10.91 | $ 10.38 | 5.11 | % | $ 11.68 | $ 9.14 | ||||||||||||||
Net Asset Value |
11.02 | 10.89 | 1.19 | 11.77 | 9.61 |
(a) | Represents the Trust’s closing market price on the NYSE and reflects the reinvestment of dividends and/or distributions at actual reinvestment prices. |
(b) | An index that measures the investment grade, US dollar-denominated, fixed-rate, taxable corporate and government related bond markets. It is composed of the US Corporate Index and a non‑corporate component that includes foreign agencies, sovereigns, supranationals and local authorities. |
6 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Trust Summary as of December 31, 2023 (continued) | BlackRock Core Bond Trust (BHK) |
Average Annual Total Returns | ||||||||||||
1 Year | 5 Years | 10 Years | ||||||||||
Trust at NAV(a)(b) |
10.12 | % | 2.64 | % | 4.16 | % | ||||||
Trust at Market Price(a)(b) |
14.38 | 4.46 | 5.00 | |||||||||
Bloomberg U.S. Credit Index |
8.18 | 2.45 | 2.83 | |||||||||
Reference Benchmark(c) |
7.88 | 2.26 | 3.07 | |||||||||
Bloomberg U.S. Long Government/Credit Index(d) |
7.13 | 1.12 | 3.22 | |||||||||
Bloomberg Intermediate Credit Index(e) |
6.94 | 2.44 | 2.46 | |||||||||
Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index(f) |
13.44 | 5.35 | 4.59 | |||||||||
Bloomberg CMBS, Eligible for U.S. Aggregate Index(g) |
5.42 | 1.68 | 2.06 | |||||||||
Bloomberg MBS Index(h) |
5.05 | 0.25 | 1.38 | |||||||||
Bloomberg ABS Index(i) |
5.54 | 1.92 | 1.81 |
(a) | All returns reflect reinvestment of dividends and/or distributions at actual reinvestment prices. Performance results reflect the Trust’s use of leverage, if any. |
(b) | The Trust’s discount to NAV narrowed during the period, which accounts for the difference between performance based on market price and performance based on NAV. |
(c) | The Reference Benchmark is comprised of the Bloomberg U.S. Long Government/Credit Index (40%); Bloomberg Intermediate Credit Index (24%); Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index (16%); Bloomberg CMBS, Eligible for U.S. Aggregate Index (8%); Bloomberg MBS Index (8%); and Bloomberg ABS Index (4%). The Reference Benchmark’s index content and weightings may have varied over past periods. |
(d) | An unmanaged index that is the long component of the Bloomberg U.S. Government/Credit Index. It includes publicly issued U.S. Treasury debt, U.S. government agency debt, taxable debt issued by U.S. states and territories and their political subdivisions, debt issued by U.S. and non‑U.S. corporations, non‑U.S. government debt and supranational debt. |
(e) | An unmanaged index that is the intermediate component of the Bloomberg U.S. Credit Index. The Bloomberg U.S. Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. |
(f) | An unmanaged index comprised of issuers that meet the following criteria: at least $150 million par value outstanding; maximum credit rating of Ba1; at least one year to maturity; and no issuer represents more than 2% of the index. |
(g) | An unmanaged index that is the CMBS component of the Bloomberg U.S. Aggregate Index. |
(h) | An unmanaged index that is a market value-weighted index, which covers the mortgage-backed securities component of the Bloomberg U.S. Aggregate Bond Index. It is comprised of agency mortgage-backed pass-through securities of the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac) with a minimum $150 million par amount outstanding and a weighted-average maturity of at least 1 year. The index includes reinvestment of income. |
(i) | An unmanaged index that is the asset-backed securities component of the Bloomberg U.S. Aggregate Index. |
T R U S T S U M M A R Y |
7 |
Trust Summary as of December 31, 2023 (continued) | BlackRock Core Bond Trust (BHK) |
Asset Type(a) | Percentage of Total Investments |
|||
Corporate Bonds |
44.1 | % | ||
U.S. Government Sponsored Agency Securities |
14.3 | |||
U.S. Treasury Obligations |
12.1 | |||
Asset-Backed Securities |
10.2 | |||
Non‑Agency Mortgage-Backed Securities |
9.3 | |||
Preferred Securities |
5.0 | |||
Municipal Bonds |
2.3 | |||
Floating Rate Loan Interests |
1.5 | |||
Foreign Agency Obligations |
1.2 |
Credit Rating(a)(b) | Percentage of Total Investments |
|||
AAA/Aaa(c) |
35.3 | % | ||
AA/Aa |
4.0 | |||
A |
12.4 | |||
BBB/Baa |
19.5 | |||
BB/Ba |
11.0 | |||
B |
9.8 | |||
CCC/Caa |
2.3 | |||
CC |
0.2 | |||
C |
— | (d) | ||
N/R(e) |
5.5 |
(a) | Excludes short-term securities. |
(b) | For financial reporting purposes, credit quality ratings shown above reflect the highest rating assigned by either S&P Global Ratings or Moody’s Investors Service, Inc. if ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated N/R are not rated by either rating agency. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
(c) | The investment adviser evaluates the credit quality of not‑rated investments based upon certain factors including, but not limited to, credit ratings for similar investments and financial analysis of sectors, individual investments and/or issuer. Using this approach, the investment adviser has deemed U.S. Government Sponsored Agency Securities and U.S. Treasury Obligations as AAA/Aaa. |
(d) | Rounds to less than 0.1% of total investments. |
(e) | The investment adviser evaluates the credit quality of unrated investments based upon certain factors including, but not limited to, credit ratings for similar investments and financial analysis of sectors and individual investments. Using this approach, the investment adviser has deemed certain of these unrated securities as investment grade quality. As of December 31, 2023, the market value of unrated securities deemed by the investment adviser to be investment grade represents less than 1.0% of the Trust’s total investments. |
8 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Trust Summary as of December 31, 2023 | BlackRock Corporate High Yield Fund, Inc. (HYT) |
Symbol on New York Stock Exchange |
HYT | |
Initial Offering Date |
May 30, 2003 | |
Current Distribution Rate on Closing Market Price as of December 31, 2023 ($9.43)(a) |
9.91% | |
Current Monthly Distribution per Common Share(b) |
$ 0.077900 | |
Current Annualized Distribution per Common Share(b) |
$ 0.934800 | |
Leverage as of December 31, 2023(c) |
30% |
(a) | Current distribution rate on closing market price is calculated by dividing the current annualized distribution per share by the closing market price. The current distribution rate may consist of income, net realized gains and/or a return of capital. Past performance is not an indication of future results. |
(b) | The distribution rate is not constant and is subject to change. A portion of the distribution may be deemed a return of capital or net realized gain. |
(c) | Represents bank borrowings outstanding as a percentage of total managed assets, which is the total assets of the Trust (including any assets attributable to borrowings), minus the sum of liabilities (other than borrowings representing financial leverage). Does not reflect derivatives or other instruments that may give rise to economic leverage. For a discussion of leveraging techniques utilized by the Trust, please see The Benefits and Risks of Leveraging and Derivative Financial Instruments. |
12/31/23 | 12/31/22 | Change | High | Low | ||||||||||||||||
Closing Market Price |
$ | 9.43 | $ | 8.74 | 7.89 | % | $ | 9.56 | $ | 8.24 | ||||||||||
Net Asset Value |
9.73 | 9.25 | 5.19 | 9.85 | 8.85 |
(a) | Represents the Trust’s closing market price on the NYSE and reflects the reinvestment of dividends and/or distributions at actual reinvestment prices. |
(b) | An unmanaged index comprised of issues that meet the following criteria: at least $150 million par value outstanding; maximum credit rating of Ba1; at least one year to maturity; and no issuer represents more than 2% of the index. |
T R U S T S U M M A R Y |
9 |
Trust Summary as of December 31, 2023 (continued) | BlackRock Corporate High Yield Fund, Inc. (HYT) |
Average Annual Total Returns | ||||||||||||||||
1 Year | 5 Years | 10 Years | ||||||||||||||
Trust at NAV(a)(b) |
16.80 | % | 7.18 | % | 5.90 | % | ||||||||||
Trust at Market Price(a)(b) |
19.80 | 9.57 | 6.29 | |||||||||||||
Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index |
13.44 | 5.35 | 4.59 |
(a) | All returns reflect reinvestment of dividends and/or distributions at actual reinvestment prices. Performance results reflect the Trust’s use of leverage, if any. |
(b) | The Trust’s discount to NAV narrowed during the period, which accounts for the difference between performance based on market price and performance based on NAV. |
10 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Trust Summary as of December 31, 2023 (continued) | BlackRock Corporate High Yield Fund, Inc. (HYT) |
Asset Type(a) | Percentage of Total Investments |
|||||||
Corporate Bonds |
88.2 | % | ||||||
Floating Rate Loan Interests |
8.7 | |||||||
Preferred Securities |
2.5 | |||||||
Other* |
0.6 |
Credit Rating(a)(b) | Percentage of Total Investments |
|||||||
A |
0.1 | % | ||||||
BBB/Baa |
6.0 | |||||||
BB/Ba |
38.6 | |||||||
B |
43.6 | |||||||
CCC/Caa |
8.9 | |||||||
C |
— | (c) | ||||||
N/R |
2.8 |
(a) | Excludes short-term securities. |
(b) | For financial reporting purposes, credit quality ratings shown above reflect the highest rating assigned by either S&P Global Ratings or Moody’s Investors Service, Inc. if ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated N/R are not rated by either rating agency. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
(c) | Rounds to less than 0.1% of total investments. |
* | Includes one or more investment categories that individually represents less than 1.0% of the Trust’s total investments. Please refer to the Consolidated Schedule of Investments for details. |
T R U S T S U M M A R Y |
11 |
Trust Summary as of December 31, 2023 | BlackRock Credit Allocation Income Trust (BTZ) |
Symbol on New York Stock Exchange |
BTZ | |
Initial Offering Date |
December 27, 2006 | |
Current Distribution Rate on Closing Market Price as of December 31, 2023 ($10.32)(a) |
9.76% | |
Current Monthly Distribution per Common Share(b) |
$ 0.083900 | |
Current Annualized Distribution per Common Share(b) |
$ 1.006800 | |
Leverage as of December 31, 2023(c) |
35% |
(a) | Current distribution rate on closing market price is calculated by dividing the current annualized distribution per share by the closing market price. The current distribution rate may consist of income, net realized gains and/or a return of capital. Past performance is not an indication of future results. |
(b) | The distribution rate is not constant and is subject to change. A portion of the distribution may be deemed a return of capital or net realized gain. |
(c) | Represents reverse repurchase agreements as a percentage of total managed assets, which is the total assets of the Trust (including any assets attributable to any borrowings) minus the sum of its liabilities (other than borrowings representing financial leverage). Does not reflect derivatives or other instruments that may give rise to economic leverage. For a discussion of leveraging techniques utilized by the Trust, please see The Benefits and Risks of Leveraging and Derivative Financial Instruments. |
12/31/23 | 12/31/22 | Change | High | Low | ||||||||||||||||
Closing Market Price |
$ | 10.32 | $ | 10.10 | 2.18 | % | $ | 11.46 | $ | 9.12 | ||||||||||
Net Asset Value |
11.59 | 11.19 | 3.57 | 12.00 | 10.43 |
(a) | Represents the Trust’s closing market price on the NYSE and reflects the reinvestment of dividends and/or distributions at actual reinvestment prices. |
(b) | An index that measures the investment grade, US dollar-denominated, fixed-rate, taxable corporate and government related bond markets. It is composed of the US Corporate Index and a non‑corporate component that includes foreign agencies, sovereigns, supranationals and local authorities. |
12 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Trust Summary as of December 31, 2023 (continued) | BlackRock Credit Allocation Income Trust (BTZ) |
Average Annual Total Returns | ||||||||||||||||
1 Year | 5 Years | 10 Years | ||||||||||||||
Trust at NAV(a)(b) |
14.24 | % | 5.37 | % | 4.94 | % | ||||||||||
Trust at Market Price(a)(b) |
12.70 | 6.28 | 5.06 | |||||||||||||
Reference Benchmark(c) |
9.94 | 3.63 | 3.64 | |||||||||||||
Bloomberg U.S. Credit Index |
8.18 | 2.45 | 2.83 | |||||||||||||
Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index(d) |
13.44 | 5.35 | 4.59 | |||||||||||||
Bloomberg USD Capital Securities Index(e) |
9.13 | 3.90 | 4.12 |
(a) | All returns reflect reinvestment of dividends and/or distributions at actual reinvestment prices. Performance results reflect the Trust’s use of leverage, if any. |
(b) | The Trust’s discount to NAV widened during the period, which accounts for the difference between performance based on market price and performance based on NAV. |
(c) | The Reference Benchmark is comprised of the Bloomberg U.S. Credit Index (50.36%), the Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index (29.93%), and the Bloomberg USD Capital Securities Index (19.71%). |
(d) | An unmanaged index comprised of issuers that meet the following criteria: at least $150 million par value outstanding; maximum credit rating of Ba1; at least one year to maturity; and no issuer represents more than 2% of the index. |
(e) | An unmanaged index that tracks fixed-rate, investment grade capital securities denominated in USD. |
T R U S T S U M M A R Y |
13 |
Trust Summary as of December 31, 2023 (continued) | BlackRock Credit Allocation Income Trust (BTZ) |
Asset Type(a) | Percentage of Total Investments |
|||
Corporate Bonds |
71.5 | % | ||
Asset-Backed Securities |
9.6 | |||
Preferred Securities |
7.7 | |||
U.S. Government Sponsored Agency Securities |
4.5 | |||
Floating Rate Loan Interests |
4.3 | |||
Foreign Agency Obligations |
1.6 | |||
Other* |
0.8 |
Credit Rating(a)(b) | Percentage of Total Investments |
|||
AAA/Aaa(c) |
9.7 | % | ||
AA/Aa |
3.7 | |||
A |
12.2 | |||
BBB/Baa |
35.4 | |||
BB/Ba |
19.7 | |||
B |
16.2 | |||
CCC/Caa |
2.3 | |||
CC |
— | (d) | ||
N/R(e) |
0.8 |
(a) | Excludes short-term securities. |
(b) | For financial reporting purposes, credit quality ratings shown above reflect the highest rating assigned by either S&P Global Ratings or Moody’s Investors Service, Inc. if ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated N/R are not rated by either rating agency. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
(c) | Includes U.S. Government Sponsored Agency Securities which are deemed AAA/Aaa by the investment adviser. |
(d) | Rounds to less than 0.1% of total investments. |
(e) | The investment adviser evaluates the credit quality of unrated investments based upon certain factors including, but not limited to, credit ratings for similar investments and financial analysis of sectors and individual investments. Using this approach, the investment adviser has deemed certain of these unrated securities as investment grade quality. As of December 31, 2023, the market value of unrated securities deemed by the investment adviser to be investment grade represents less than 1.0% of the Trust’s total investments. |
* | Includes one or more investment categories that individually represents less than 1.0% of the Trust’s total investments. Please refer to the Schedule of Investments for details. |
14 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Trust Summary as of December 31, 2023 | BlackRock Floating Rate Income Trust (BGT) |
Symbol on New York Stock Exchange |
BGT | |
Initial Offering Date |
August 30, 2004 | |
Current Distribution Rate on Closing Market Price as of December 31, 2023 ($12.38)(a) |
11.66% | |
Current Monthly Distribution per Common Share(b) |
$ 0.120280 | |
Current Annualized Distribution per Common Share(b) |
$ 1.443360 | |
Leverage as of December 31, 2023(c) |
25% |
(a) | Current distribution rate on closing market price is calculated by dividing the current annualized distribution per share by the closing market price. The current distribution rate may consist of income, net realized gains and/or a return of capital. Past performance is not an indication of future results. |
(b) | The distribution rate is not constant and is subject to change. A portion of the distribution may be deemed a return of capital or net realized gain. |
(c) | Represents bank borrowings outstanding as a percentage of total managed assets, which is the total assets of the Trust (including any assets attributable to borrowings), minus the sum of liabilities (other than borrowings representing financial leverage). Does not reflect derivatives or other instruments that may give rise to economic leverage. For a discussion of leveraging techniques utilized by the Trust, please see The Benefits and Risks of Leveraging and Derivative Financial Instruments. |
12/31/23 | 12/31/22 | Change | High | Low | ||||||||||||||||
Closing Market Price |
$ | 12.38 | $ | 10.94 | 13.16 | % | $ | 12.38 | $ | 10.78 | ||||||||||
Net Asset Value |
12.90 | 12.43 | 3.78 | 12.95 | 12.42 |
(a) | Represents the Trust’s closing market price on the NYSE and reflects the reinvestment of dividends and/or distributions at actual reinvestment prices. |
(b) | An unmanaged market value-weighted index designed to measure the performance of the U.S. leveraged loan market based upon market weightings, spreads and interest payments. |
T R U S T S U M M A R Y |
15 |
Trust Summary as of December 31, 2023 (continued) | BlackRock Floating Rate Income Trust (BGT) |
Average Annual Total Returns | ||||||||||||
1 Year | 5 Years | 10 Years | ||||||||||
Trust at NAV(a)(b) |
15.69 | % | 7.08 | % | 5.43 | % | ||||||
Trust at Market Price(a)(b) |
26.14 | 9.33 | 5.58 | |||||||||
Morningstar LSTA Leveraged Loan Index |
13.32 | 5.80 | 4.42 |
(a) | All returns reflect reinvestment of dividends and/or distributions at actual reinvestment prices. Performance results reflect the Trust’s use of leverage, if any. |
(b) | The Trust’s discount to NAV narrowed during the period, which accounts for the difference between performance based on market price and performance based on NAV. |
16 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Trust Summary as of December 31, 2023 (continued) | BlackRock Floating Rate Income Trust (BGT) |
Asset Type(a) | Percentage of Total Investments |
|||
Floating Rate Loan Interests |
95.7 | % | ||
Corporate Bonds |
1.6 | |||
Asset-Backed Securities |
1.6 | |||
Other* |
1.1 |
Credit Rating(a)(b) | Percentage of Total Investments |
|||
BBB/Baa |
8.4 | % | ||
BB/Ba |
24.5 | |||
B |
58.3 | |||
CCC/Caa |
6.0 | |||
CC |
— | (c) | ||
N/R(d) |
2.8 |
(a) | Excludes short-term securities. |
(b) | For financial reporting purposes, credit quality ratings shown above reflect the highest rating assigned by either S&P Global Ratings or Moody’s Investors Service, Inc. if ratings differ. These rating agencies are independent, nationally recognized statistical rating organizations and are widely used. Investment grade ratings are credit ratings of BBB/Baa or higher. Below investment grade ratings are credit ratings of BB/Ba or lower. Investments designated N/R are not rated by either rating agency. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
(c) | Rounds to less than 0.1% of total investments. |
(d) | The investment adviser evaluates the credit quality of unrated investments based upon certain factors including, but not limited to, credit ratings for similar investments and financial analysis of sectors and individual investments. Using this approach, the investment adviser has deemed certain of these unrated securities as investment grade quality. As of December 31, 2023, the market value of unrated securities deemed by the investment adviser to be investment grade represents less than 1.0% of the Trust’s total investments. |
* | Includes one or more investment categories that individually represents less than 1.0% of the Trust’s total investments. Please refer to the Schedule of Investments for details. |
T R U S T S U M M A R Y |
17 |
Schedule of Investments December 31, 2023 |
BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Asset-Backed Securities |
||||||||||||
522 Funding CLO Ltd.(a)(b) |
||||||||||||
Series 2019‑4A, Class CR, (3‑mo. CME Term SOFR + 2.66%), 8.08%, 04/20/30 |
USD | 500 | $ | 499,234 | ||||||||
Series 2019‑4A, Class DR, (3‑mo. CME Term SOFR + 3.91%), 9.33%, 04/20/30 |
600 | 592,143 | ||||||||||
AGL CLO Ltd., Series 2020‑3A, Class D, (3‑mo. CME Term SOFR + 3.56%), 8.96%, 01/15/33(a)(b) |
250 | 245,045 | ||||||||||
ALM Ltd., Series 2020‑1A, Class D, (3‑mo. CME Term SOFR + 6.26%), 11.66%, 10/15/29(a)(b) |
285 | 278,198 | ||||||||||
Anchorage Capital CLO Ltd.(a)(b) |
||||||||||||
Series 2013‑1A, Class A2R, (3‑mo. CME Term SOFR + 1.91%), 7.31%, 10/13/30 |
380 | 380,458 | ||||||||||
Series 2013‑1A, Class CR, (3‑mo. CME Term SOFR + 3.46%), 8.86%, 10/13/30 |
720 | 713,500 | ||||||||||
Apidos CLO XXII, Series 2015‑22A, Class CR, (3-mo. CME Term SOFR + 3.21%), 8.63%, 04/20/31(a)(b) |
250 | 245,523 | ||||||||||
Apidos CLO XXIV, Series 2016‑24A, Class A1AL, (3‑mo. CME Term SOFR + 1.21%), 6.63%, 10/20/30(a)(b) |
500 | 499,088 | ||||||||||
Apidos CLO XXVI, Series 2017‑26A, Class A1AR, (3‑mo. CME Term SOFR + 1.16%), 6.56%, 07/18/29(a)(b) |
880 | 879,271 | ||||||||||
Apidos CLO XXVII, Series 2017‑27A, Class A1R, (3‑mo. CME Term SOFR + 1.19%), 6.59%, 07/17/30(a)(b) |
214 | 213,496 | ||||||||||
ASSURANT CLO I Ltd., Series 2017‑1A, Class CR, (3‑mo. CME Term SOFR + 2.41%), 7.83%, 10/20/34(a)(b) |
500 | 492,041 | ||||||||||
Bain Capital Credit CLO Ltd.(a)(b) |
||||||||||||
Series 2021‑3A, Class D, (3‑mo. CME Term SOFR + 3.36%), 8.76%, 07/24/34 |
250 | 240,416 | ||||||||||
Series 2021‑5A, Class B, (3‑mo. CME Term SOFR + 1.91%), 7.32%, 10/23/34 |
500 | 495,170 | ||||||||||
Ballyrock CLO Ltd., Series 2022‑21A, Class D, (3-mo. CME Term SOFR + 8.76%), 14.18%, 10/20/35(a)(b) |
500 | 499,468 | ||||||||||
Barings CLO Ltd., Series 2017‑1A, Class D, (3‑mo. CME Term SOFR + 3.86%), 9.26%, 07/18/29(a)(b) |
250 | 249,964 | ||||||||||
Benefit Street Partners CLO II Ltd., Series 2013‑IIA, Class A1R2, (3‑mo. CME Term SOFR + 1.13%), 6.53%, 07/15/29(a)(b) |
44 | 44,495 | ||||||||||
Birch Grove CLO Ltd.(a)(b) |
||||||||||||
Series 19A, Class DR, (3‑mo. CME Term SOFR + 3.61%), 9.00%, 06/15/31 |
1,000 | 996,309 | ||||||||||
Series 2021‑3A, Class D1, (3‑mo. CME Term SOFR + 3.46%), 8.86%, 01/19/35 |
250 | 246,600 | ||||||||||
BlueMountain CLO XXVIII Ltd., Series 2021‑28A, Class D, (3‑mo. CME Term SOFR + 3.16%), 8.56%, 04/15/34(a)(b) |
500 | 487,990 | ||||||||||
Buttermilk Park CLO Ltd., Series 2018‑1A, Class D, (3‑mo. CME Term SOFR + 3.36%), 8.76%, 10/15/31(a)(b) |
250 | 243,555 | ||||||||||
Canyon Capital CLO Ltd.(a)(b) |
||||||||||||
Series 2016‑1A, Class CR, (3‑mo. CME Term SOFR + 2.16%), 7.56%, 07/15/31 |
250 | 246,859 | ||||||||||
Series 2021‑2A, Class D, (3‑mo. CME Term SOFR + 3.61%), 9.01%, 04/15/34 |
500 | 486,659 | ||||||||||
Carlyle Global Market Strategies CLO Ltd.(a)(b) |
||||||||||||
Series 2013‑1A, Class A1RR, (3‑mo. CME Term SOFR + 1.21%), 6.59%, 08/14/30 |
165 | 165,139 |
Security | Par (000) |
Value | ||||||||||
Asset-Backed Securities (continued) |
| |||||||||||
Carlyle Global Market Strategies CLO Ltd.(a)(b) (continued) |
||||||||||||
Series 2013‑1A, Class CR, (3‑mo. CME Term SOFR + 3.61%), 8.99%, 08/14/30 |
USD | 1,000 | $ | 983,617 | ||||||||
CarVal CLO II Ltd., Series 2019‑1A, Class DR, (3-mo. CME Term SOFR + 3.46%), 8.88%, 04/20/32(a)(b) |
500 | 481,933 | ||||||||||
CarVal CLO III Ltd., Series 2019‑2A, Class E, (3‑mo. CME Term SOFR + 6.70%), 12.12%, 07/20/32(a)(b) |
500 | 479,718 | ||||||||||
CarVal CLO VC Ltd., Series 2021‑2A, Class D, (3-mo. CME Term SOFR + 3.51%), 8.91%, 10/15/34(a)(b) |
250 | 239,923 | ||||||||||
CBAM Ltd., Series 2017‑1A, Class C, (3‑mo. CME Term SOFR + 2.66%), 8.08%, 07/20/30(a)(b) |
350 | 348,413 | ||||||||||
Cedar Funding IX CLO Ltd.(a)(b) |
||||||||||||
Series 2018‑9A, Class A1, (3‑mo. CME Term SOFR + 1.24%), 6.66%, 04/20/31 |
246 | 245,698 | ||||||||||
Series 2018‑9A, Class D, (3‑mo. CME Term SOFR + 2.86%), 8.28%, 04/20/31 |
250 | 240,837 | ||||||||||
Cedar Funding VII CLO Ltd., Series 2018‑7A, Class A1, (3‑mo. CME Term SOFR + 1.26%), 6.68%, 01/20/31(a)(b) |
471 | 471,035 | ||||||||||
Cedar Funding X CLO Ltd., Series 2019‑10A, Class BR, (3‑mo. CME Term SOFR + 1.86%), 7.28%, 10/20/32(a)(b) |
930 | 922,688 | ||||||||||
Cedar Funding XIV CLO Ltd., Series 2021‑14A, Class B, (3‑mo. CME Term SOFR + 1.86%), 7.26%, 07/15/33(a)(b) |
500 | 495,373 | ||||||||||
Cedar Funding XV CLO Ltd., Series 2022‑15A, Class B, (3‑mo. CME Term SOFR + 1.80%), 7.22%, 04/20/35(a)(b) |
400 | 395,002 | ||||||||||
CIFC Funding Ltd.(a)(b) |
||||||||||||
Series 2013‑1A, Class CR, (3‑mo. CME Term SOFR + 3.81%), 9.21%, 07/16/30 |
500 | 497,735 | ||||||||||
Series 2014‑2RA, Class B1, (3‑mo. CME Term SOFR + 3.06%), 8.46%, 04/24/30 |
750 | 743,812 | ||||||||||
Series 2014‑3A, Class BR2, (3‑mo. CME Term SOFR + 2.06%), 7.47%, 10/22/31 |
250 | 248,973 | ||||||||||
Series 2015‑1A, Class ARR, (3‑mo. CME Term SOFR + 1.37%), 6.78%, 01/22/31 |
929 | 930,656 | ||||||||||
Series 2015‑3A, Class AR, (3‑mo. CME Term SOFR + 1.13%), 6.53%, 04/19/29 |
180 | 179,618 | ||||||||||
Series 2017‑2A, Class AR, (3‑mo. CME Term SOFR + 1.21%), 6.63%, 04/20/30 |
448 | 447,642 | ||||||||||
Series 2017‑4A, Class A1R, (3‑mo. CME Term SOFR + 1.21%), 6.61%, 10/24/30 |
422 | 421,222 | ||||||||||
Series 2019‑1A, Class DR, (3‑mo. CME Term SOFR + 3.36%), 8.78%, 04/20/32 |
500 | 498,310 | ||||||||||
Series 2020‑1A, Class DR, (3‑mo. CME Term SOFR + 3.36%), 8.76%, 07/15/36 |
500 | 489,694 | ||||||||||
Series 2022‑7A, Class C, (3‑mo. CME Term SOFR + 3.85%), 9.26%, 10/22/35 |
500 | 503,539 | ||||||||||
Series 2022‑7A, Class D, (3‑mo. CME Term SOFR + 5.35%), 10.76%, 10/22/35 |
600 | 600,417 | ||||||||||
CWHEQ Revolving Home Equity Loan Trust, Series 2006‑I, Class 1A, (1‑mo. Term SOFR + 0.25%), 5.62%, 01/15/37(a) |
970 | 880,821 | ||||||||||
Dewolf Park CLO Ltd., Series 2017‑1A, Class DR, (3‑mo. CME Term SOFR + 3.11%), 8.51%, 10/15/30(a)(b) |
280 | 276,299 |
18 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) December 31, 2023 |
BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Asset-Backed Securities (continued) |
|
|||||||||||
Dryden CLO Ltd.(a)(b) |
||||||||||||
Series 2017‑53A, Class B, (3‑mo. CME Term SOFR + 1.66%), 7.06%, 01/15/31 |
USD | 1,320 | $ | 1,312,526 | ||||||||
Series 2018‑64A, Class D, (3‑mo. CME Term SOFR + 2.91%), 8.31%, 04/18/31 |
1,250 | 1,224,497 | ||||||||||
Series 2020‑78A, Class D, (3‑mo. CME Term SOFR + 3.26%), 8.66%, 04/17/33 |
250 | 245,631 | ||||||||||
Series 2022-106A, Class C, (3‑mo. CME Term SOFR + 3.90%), 9.29%, 10/15/35 |
500 | 503,556 | ||||||||||
Dryden Senior Loan Fund(a)(b) |
||||||||||||
Series 2015‑37A, Class AR, (3‑mo. CME Term SOFR + 1.36%), 6.76%, 01/15/31 |
236 | 236,466 | ||||||||||
Series 2017‑50A, Class B, (3‑mo. CME Term SOFR + 1.91%), 7.31%, 07/15/30 |
250 | 249,705 | ||||||||||
Dryden XXVIII Senior Loan Fund(a)(b) |
||||||||||||
Series 2013‑28A, Class A1LR, (3‑mo. CME Term SOFR + 1.46%), 6.85%, 08/15/30 |
220 | 220,137 | ||||||||||
Series 2013‑28A, Class B1LR, (3‑mo. CME Term SOFR + 3.41%), 8.80%, 08/15/30 |
1,000 | 981,197 | ||||||||||
Eaton Vance CLO Ltd., Series 2015‑1A, Class A2R, (3‑mo. CME Term SOFR + 1.51%), 6.93%, 01/20/30(a)(b) |
1,000 | 986,871 | ||||||||||
EDvestinU Private Education Loan Issue No. 3 LLC, Series 2021‑A, Class B, 3.50%, 11/25/50(b) |
110 | 87,932 | ||||||||||
Elmwood CLO 21 Ltd., Series 2022‑8A, Class CR, (3‑mo. CME Term SOFR + 2.70%), 8.12%, 10/20/36(a) |
500 | 499,633 | ||||||||||
Elmwood CLO IV Ltd., Series 2020‑1A, Class B, (3‑mo. CME Term SOFR + 1.96%), 7.36%, 04/15/33(a)(b) |
250 | 249,854 | ||||||||||
Elmwood CLO V Ltd., Series 2020‑2A, Class CR, (3‑mo. CME Term SOFR + 2.26%), 7.68%, 10/20/34(a)(b) |
436 | 432,716 | ||||||||||
Elmwood CLO VI Ltd., Series 2020‑3A, Class BR, (3‑mo. CME Term SOFR + 1.91%), 7.33%, 10/20/34(a)(b) |
250 | 249,878 | ||||||||||
Fairstone Financial Issuance Trust I, Series 2020‑1A, Class C, 5.16%, 10/20/39(b) |
CAD | 170 | 119,401 | |||||||||
Flatiron CLO Ltd., Series 2018‑1A, Class A, (3‑mo. CME Term SOFR + 1.21%), 6.61%, 04/17/31(a)(b) |
USD | 1,280 | 1,278,584 | |||||||||
Galaxy CLO Ltd., Series 2023‑31A, Class E, (3‑mo. CME Term SOFR + 8.43%), 13.82%, 04/15/36(a)(b) |
350 | 351,270 | ||||||||||
Galaxy XX CLO Ltd., Series 2015‑20A, Class CR, (3‑mo. CME Term SOFR + 2.01%), 7.43%, 04/20/31(a)(b) |
250 | 249,879 | ||||||||||
Galaxy XXIII CLO Ltd., Series 2017‑23A, Class AR, (3‑mo. CME Term SOFR + 1.13%), 6.53%, 04/24/29(a)(b) |
248 | 247,582 | ||||||||||
Galaxy XXVII CLO Ltd., Series 2018‑27A, Class A, (3‑mo. CME Term SOFR + 1.28%), 6.67%, 05/16/31(a)(b) |
1,825 | 1,822,242 | ||||||||||
Generate CLO Ltd.(a)(b) |
||||||||||||
Series 2A, Class AR, (3‑mo. CME Term SOFR + 1.41%), 6.82%, 01/22/31 |
232 | 232,370 | ||||||||||
Series 4A, Class DR, (3‑mo. CME Term SOFR + 3.41%), 8.83%, 04/20/32 |
1,500 | 1,464,282 | ||||||||||
Series 6A, Class DR, (3‑mo. CME Term SOFR + 3.76%), 9.17%, 01/22/35 |
750 | 758,730 |
Security | Par (000) |
Value | ||||||||||
Asset-Backed Securities (continued) | ||||||||||||
GoldenTree Loan Management U.S. CLO Ltd.(a)(b) |
||||||||||||
Series 2018‑3A, Class B1, (3‑mo. CME Term SOFR + 1.81%), 7.23%, 04/20/30 |
USD | 250 | $ | 249,928 | ||||||||
Series 2019‑5A, Class BR, (3‑mo. CME Term SOFR + 1.86%), 7.26%, 04/24/31 |
500 | 499,853 | ||||||||||
GoldenTree Loan Opportunities IX Ltd., Series 2014-9A, Class BR2, (3‑mo. CME Term SOFR + 1.86%), 7.25%, 10/29/29(a)(b) |
1,500 | 1,499,250 | ||||||||||
GoldenTree Loan Opportunities X Ltd., Series 2015-10A, Class DR, (3‑mo. CME Term SOFR + 3.31%), 8.73%, 07/20/31(a)(b) |
250 | 247,592 | ||||||||||
Golub Capital Partners CLO Ltd., Series 2021‑55A, Class E, (3‑mo. CME Term SOFR + 6.82%), 12.24%, 07/20/34(a)(b) |
250 | 249,403 | ||||||||||
Gracie Point International Funding, Series 2023‑1, Class D, (3‑mo. SOFR + 4.50%), 9.72%, 09/01/26(a) |
162 | 161,598 | ||||||||||
Grippen Park CLO Ltd., Series 2017‑1A, Class D, (3‑mo. CME Term SOFR + 3.56%), 8.98%, 01/20/30(a)(b) |
250 | 250,075 | ||||||||||
Highbridge Loan Management, Series 3A‑2014, Class CR, (3‑mo. CME Term SOFR + 3.86%), 9.26%, 07/18/29(a)(b) |
1,000 | 990,337 | ||||||||||
Litigation Fee Residual, Series 2020‑1, Class A, 4.00%, 10/30/27(c) |
460 | 450,092 | ||||||||||
Long Beach Mortgage Loan Trust, Series 2006‑8, Class 2A4, (1‑mo. Term SOFR + 0.59%), 5.95%, 09/25/36(a) |
6,035 | 1,648,132 | ||||||||||
Madison Park Funding LIV Ltd., Series 2022‑54A, Class E1, (3‑mo. CME Term SOFR + 8.95%), 14.36%, 10/21/34(a)(b) |
263 | 266,257 | ||||||||||
Madison Park Funding XLVIII Ltd., Series 2021‑48A, Class E, (3‑mo. CME Term SOFR + 6.51%), 11.91%, 04/19/33(a) |
500 | 495,018 | ||||||||||
Madison Park Funding XVII Ltd., Series 2015‑17A, Class DR, (3‑mo. CME Term SOFR + 3.86%), 9.27%, 07/21/30(a)(b) |
1,000 | 985,364 | ||||||||||
Madison Park Funding XXIII Ltd.(a)(b) |
||||||||||||
Series 2017‑23A, Class AR, (3‑mo. CME Term SOFR + 1.23%), 6.62%, 07/27/31 |
970 | 969,878 | ||||||||||
Series 2017‑23A, Class CR, (3‑mo. CME Term SOFR + 2.26%), 7.65%, 07/27/31 |
600 | 599,369 | ||||||||||
Madison Park Funding XXV Ltd.(a)(b) |
||||||||||||
Series 2017‑25A, Class A1R, (3‑mo. CME Term SOFR + 1.23%), 6.61%, 04/25/29 |
1,435 | 1,434,690 | ||||||||||
Series 2017‑25A, Class A2R, (3‑mo. CME Term SOFR + 1.91%), 7.29%, 04/25/29 |
250 | 250,251 | ||||||||||
Madison Park Funding XXXI Ltd., Series 2018‑31A, Class D, (3‑mo. CME Term SOFR + 3.26%), 8.67%, 01/23/31(a)(b) |
625 | 615,144 | ||||||||||
Madison Park Funding XXXIV Ltd., Series 2019‑34A, Class DR, (3‑mo. CME Term SOFR + 3.61%), 8.99%, 04/25/32(a)(b) |
250 | 249,430 | ||||||||||
Madison Park Funding XXXVII Ltd., Series 2019-37A, Class BR, (3‑mo. CME Term SOFR + 1.91%), 7.31%, 07/15/33(a)(b) |
900 | 900,281 | ||||||||||
Madison Park Funding XXXVIII Ltd., Series 2021-38A, Class C, (3‑mo. CME Term SOFR + 2.16%), 7.56%, 07/17/34(a)(b) |
250 | 247,534 |
S C H E D U L E O F I N V E S T M E N T S |
19 |
Schedule of Investments (continued) December 31, 2023 |
BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Asset-Backed Securities (continued) | ||||||||||||
Marble Point CLO XVII Ltd., Series 2020‑1A, Class D, (3‑mo. CME Term SOFR + 4.01%), 9.43%, 04/20/33(a)(b) |
USD | 250 | $ | 242,026 | ||||||||
Marble Point CLO XXIII Ltd., Series 2021‑4A, Class D1, (3‑mo. CME Term SOFR + 3.91%), 9.32%, 01/22/35(a)(b) |
250 | 249,598 | ||||||||||
Mariner Finance Issuance Trust, Series 2022‑AA, Class A, 6.45%, 10/20/37(b) |
515 | 518,568 | ||||||||||
Navient Private Education Refi Loan Trust(b) |
||||||||||||
Series 2019‑D, Class A2A, 3.01%, 12/15/59 |
517 | 485,649 | ||||||||||
Series 2019‑GA, Class A, 2.40%, 10/15/68 |
186 | 174,409 | ||||||||||
Series 2021‑CA, Class A, 1.06%, 10/15/69 |
808 | 700,527 | ||||||||||
Series 2021‑DA, Class C, 3.48%, 04/15/60 |
770 | 681,338 | ||||||||||
Series 2021‑DA, Class D, 4.00%, 04/15/60 |
440 | 399,475 | ||||||||||
Series 2021‑EA, Class A, 0.97%, 12/16/69 |
948 | 817,009 | ||||||||||
Series 2023‑A, Class A, 5.51%, 10/15/71 |
167 | 166,511 | ||||||||||
Nelnet Student Loan Trust(b) |
||||||||||||
Series 2021‑A, Class D, 4.93%, 04/20/62 |
460 | 382,836 | ||||||||||
Series 2021‑BA, Class B, 2.68%, 04/20/62 |
1,983 | 1,624,546 | ||||||||||
Series 2021‑CA, Class AFL, (1‑mo. Term SOFR + 0.85%), 6.21%, 04/20/62(a) |
382 | 375,346 | ||||||||||
Neuberger Berman CLO XXII Ltd., Series 2016‑22A, Class BR, (3‑mo. CME Term SOFR + 1.91%), 7.31%, 10/17/30(a)(b) |
250 | 249,779 | ||||||||||
Neuberger Berman Loan Advisers CLO Ltd.(a)(b) |
||||||||||||
Series 2017‑25A, Class AR, (3‑mo. CME Term SOFR + 1.19%), 6.59%, 10/18/29 |
1,224 | 1,224,471 | ||||||||||
Series 2020‑37A, Class CR, (3‑mo. CME Term SOFR + 2.06%), 7.48%, 07/20/31 |
1,163 | 1,151,812 | ||||||||||
Neuberger Berman Loan Advisers NBLA CLO Ltd., Series 2022‑52A, Class D, (3‑mo. CME Term SOFR + 5.75%), 11.15%, 10/24/35(a)(b) |
568 | 565,116 | ||||||||||
OCP CLO Ltd.(a)(b) |
||||||||||||
Series 2015‑9A, Class BR2, (3‑mo. CME Term SOFR + 1.75%), 7.14%, 01/15/33 |
250 | 247,934 | ||||||||||
Series 2017‑13A, Class A1AR, (3‑mo. CME Term SOFR + 1.22%), 6.62%, 07/15/30 |
971 | 969,764 | ||||||||||
Series 2017‑14A, Class A2, (3‑mo. CME Term SOFR + 1.76%), 7.13%, 11/20/30 |
1,620 | 1,615,143 | ||||||||||
Octagon 54 Ltd., Series 2021‑1A, Class D, (3‑mo. CME Term SOFR + 3.31%), 8.71%, 07/15/34(a)(b) |
250 | 242,583 | ||||||||||
Octagon Investment Partners XV Ltd., Series 2013-1A, Class A1RR, (3‑mo. CME Term SOFR + 1.23%), 6.63%, 07/19/30(a)(b) |
2,514 | 2,510,414 | ||||||||||
Octagon Investment Partners XVII Ltd., Series 2013-1A, Class BR2, (3‑mo. CME Term SOFR + 1.66%), 7.04%, 01/25/31(a)(b) |
500 | 496,869 | ||||||||||
Octagon Investment Partners XXI Ltd., Series 2014-1A, Class AAR3, (3‑mo. CME Term SOFR + 1.26%), 6.64%, 02/14/31(a)(b) |
250 | 249,591 | ||||||||||
Octagon Investment Partners XXII Ltd., Series 2014-1A, Class DRR, (3‑mo. CME Term SOFR + 3.01%), 8.42%, 01/22/30(a)(b) |
500 | 476,235 | ||||||||||
OZLM VIII Ltd., Series 2014‑8A, Class CRR, (3‑mo. CME Term SOFR + 3.41%), 8.81%, 10/17/29(a)(b) |
875 | 873,121 | ||||||||||
OZLM XXI Ltd., Series 2017‑21A, Class C, (3‑mo. CME Term SOFR + 2.93%), 8.35%, 01/20/31(a)(b) |
1,000 | 974,144 | ||||||||||
Palmer Square CLO Ltd.(a) |
||||||||||||
Series 2013‑2A, Class A2R3, (3‑mo. CME Term SOFR + 1.76%), 7.16%, 10/17/31(b) |
250 | 249,331 |
Security | Par (000) |
Value | ||||||||||
Asset-Backed Securities (continued) | ||||||||||||
Palmer Square CLO Ltd.(a) (continued) |
||||||||||||
Series 2015‑2A, Class CR2, (3‑mo. CME Term SOFR + 3.01%), 8.43%, 07/20/30(b) |
USD | 250 | $ | 248,460 | ||||||||
Series 2020-3ARR, Class A1R2, (3‑mo. CME Term SOFR + 1.65%), 7.02%, 11/15/36(c) |
250 | 250,025 | ||||||||||
Series 2020-3ARR, Class A2R2, (3‑mo. CME Term SOFR + 2.30%), 7.67%, 11/15/36(c) |
250 | 250,025 | ||||||||||
Series 2022‑4A, Class C, (3‑mo. CME Term SOFR + 4.00%), 9.42%, 10/20/35(b) |
1,000 | 1,010,714 | ||||||||||
Palmer Square Loan Funding Ltd.(a)(b) |
||||||||||||
Series 2021‑1A, Class A1, (3‑mo. CME Term SOFR + 1.16%), 6.58%, 04/20/29 |
84 | 84,038 | ||||||||||
Series 2021‑2A, Class A1, (3‑mo. CME Term SOFR + 1.06%), 6.43%, 05/20/29 |
110 | 110,143 | ||||||||||
Series 2021‑3A, Class A1, (3‑mo. CME Term SOFR + 1.06%), 6.48%, 07/20/29 |
402 | 401,511 | ||||||||||
Park Avenue Institutional Advisers CLO Ltd., Series 2017‑1A, Class DR, (3‑mo. CME Term SOFR + 7.07%), 12.45%, 02/14/34(a)(b) |
1,300 | 1,209,105 | ||||||||||
PPM CLO Ltd., Series 2019‑2A, Class DR, (3‑mo. CME Term SOFR + 3.66%), 9.06%, 04/16/32(a)(b) |
250 | 242,767 | ||||||||||
Prodigy Finance DAC, Series 2021‑1A, Class C, (1‑mo. Term SOFR + 3.86%), 9.22%, 07/25/51(a)(b) |
86 | 86,164 | ||||||||||
Rad CLO Ltd., Series 2019‑3A, Class DR, (3‑mo. CME Term SOFR + 3.01%), 8.41%, 04/15/32(a)(b) |
400 | 394,237 | ||||||||||
Regatta XI Funding Ltd., Series 2018‑1A, Class D, (3‑mo. CME Term SOFR + 3.11%), 8.51%, 07/17/31(a)(b) |
370 | 363,165 | ||||||||||
Regatta XVIII Funding Ltd., Series 2021‑1A, Class B, (3‑mo. CME Term SOFR + 1.71%), 7.11%, 01/15/34(a)(b) |
850 | 845,092 | ||||||||||
Regional Management Issuance Trust, Series 2022-2B, Class A, 7.10%, 11/17/32(b) |
200 | 201,841 | ||||||||||
Republic Finance Issuance Trust, Series 2020‑A, Class C, 4.05%, 11/20/30(b) |
240 | 227,459 | ||||||||||
Romark CLO Ltd., Series 2017‑1A, Class B, (3‑mo. CME Term SOFR + 2.41%), 7.82%, 10/23/30(a)(b) |
500 | 497,704 | ||||||||||
RRX Ltd., Series 2020‑1A, Class E, (3‑mo. CME Term SOFR + 6.71%), 12.11%, 04/15/33(a)(b) |
500 | 493,167 | ||||||||||
Shackleton CLO Ltd., Series 2015‑7RA, Class C, (3‑mo. CME Term SOFR + 2.61%), 8.01%, 07/15/31(a)(b) |
250 | 246,689 | ||||||||||
Signal Peak CLO Ltd., Series 2017‑4A, Class XR, (3‑mo. CME Term SOFR + 1.21%), 6.59%, 10/26/34(a)(b) |
1,100 | 1,099,802 | ||||||||||
SMB Private Education Loan Trust |
||||||||||||
Series 2019‑A, Class A2A, 3.44%, 07/15/36(b) |
1,239 | 1,191,941 | ||||||||||
Series 2019‑B, Class A2A, 2.84%, 06/15/37(b) |
246 | 232,837 | ||||||||||
Series 2021‑A, Class A2B, 1.59%, 01/15/53(b) |
359 | 318,007 | ||||||||||
Series 2021‑C, Class C, 3.00%, 01/15/53(b) |
143 | 123,047 | ||||||||||
Series 2021‑C, Class D, 3.93%, 01/15/53(b) |
141 | 130,657 | ||||||||||
Series 2021‑D, Class A1A, 1.34%, 03/17/53(b) |
1,105 | 993,933 | ||||||||||
Series 2022‑C, Class A1A, 4.48%, 05/16/50(b) |
344 | 333,348 | ||||||||||
Series 2023‑B, Class A1B, (30‑day Avg SOFR + 1.80%), 7.14%, 10/16/56(a)(b) |
225 | 227,347 | ||||||||||
Series 2023‑C, Class A1A, 5.67%, 11/15/52 |
1,604 | 1,612,034 | ||||||||||
Sterling COOFS Trust(c) |
||||||||||||
Series 2004‑1, Class A, 2.36%, 04/15/29 |
700 | 7,002 | ||||||||||
Series 2004‑2, Class Note, 2.08%, 03/30/30(b) |
437 | 4,373 |
20 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) December 31, 2023 |
BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Asset-Backed Securities (continued) | ||||||||||||
Structured Asset Securities Corp. Pass-Through Certificates, Series 2002‑AL1, Class A2, 3.45%, 02/25/32 |
USD | 31 | $ | 26,834 | ||||||||
Symphony CLO XXXII Ltd., Series 2022‑32A, Class B, (3‑mo. CME Term SOFR + 1.85%), 7.26%, 04/23/35(a)(b) |
600 | 593,595 | ||||||||||
TCI‑Symphony CLO Ltd., Series 2017‑1A, Class AR, (3‑mo. CME Term SOFR + 1.19%), 6.59%, 07/15/30(a)(b) |
463 | 462,947 | ||||||||||
TCW CLO Ltd., Series 2020‑1A, Class DRR, (3‑mo. CME Term SOFR + 3.66%), 9.08%, 04/20/34(a)(b) |
250 | 237,438 | ||||||||||
TICP CLO IX Ltd., Series 2017‑9A, Class D, (3‑mo. CME Term SOFR + 3.16%), 8.58%, 01/20/31(a)(b) |
500 | 499,946 | ||||||||||
TICP CLO XV Ltd., Series 2020‑15A, Class D, (3‑mo. CME Term SOFR + 3.41%), 8.83%, 04/20/33(a)(b) |
250 | 246,932 | ||||||||||
Trestles CLO Ltd.(a)(b) |
||||||||||||
Series 2017‑1A, Class B1R, (3‑mo. CME Term SOFR + 2.01%), 7.39%, 04/25/32 |
1,750 | 1,726,972 | ||||||||||
Series 2017‑1A, Class CR, (3‑mo. CME Term SOFR + 3.16%), 8.54%, 04/25/32 |
250 | 243,527 | ||||||||||
Trimaran CAVU Ltd.(a) |
||||||||||||
Series 2019‑2A, Class C, (3‑mo. CME Term SOFR + 4.98%), 10.38%, 11/26/32(b) |
500 | 498,434 | ||||||||||
Series 2021‑2A, Class D1, (3‑mo. CME Term SOFR + 3.51%), 8.89%, 10/25/34(b) |
500 | 490,819 | ||||||||||
Series 2022‑1, Class E, (3‑mo. CME Term SOFR + 9.08%), 14.49%, 10/22/35 |
500 | 500,456 | ||||||||||
Series 2022‑2A, Class D, (3‑mo. CME Term SOFR + 6.12%), 11.54%, 01/20/36(b) |
400 | 407,877 | ||||||||||
Series 2023‑1, Class E, (3‑mo. CME Term SOFR + 8.94%), 14.28%, 07/20/36 |
500 | 498,671 | ||||||||||
Unique Pub Finance Co. PLC, Series N, 6.46%, 03/30/32(d) |
GBP | 6 | 7,688 | |||||||||
Voya CLO Ltd.(a)(b) |
||||||||||||
Series 2014‑2A, Class A1RR, (3‑mo. CME Term SOFR + 1.28%), 6.68%, 04/17/30 |
USD | 158 | 158,159 | |||||||||
Series 2017‑2A, Class A2AR, (3‑mo. CME Term SOFR + 1.91%), 7.31%, 06/07/30 |
250 | 249,979 | ||||||||||
Series 2017‑4A, Class A1, (3‑mo. CME Term SOFR + 1.39%), 6.79%, 10/15/30 |
196 | 195,662 | ||||||||||
Series 2018‑2A, Class A2, (3‑mo. CME Term SOFR + 1.51%), 6.91%, 07/15/31 |
1,000 | 989,150 | ||||||||||
Series 2022‑4A, Class C, (3‑mo. CME Term SOFR + 4.05%), 9.47%, 10/20/33 |
1,000 | 1,000,023 | ||||||||||
Whetstone Park CLO Ltd., Series 2021‑1A, Class B1, (3‑mo. CME Term SOFR + 1.86%), 7.28%, 01/20/35(a)(b) |
725 | 721,740 | ||||||||||
Whitebox CLO I Ltd., Series 2019‑1A, Class CR, (3‑mo. CME Term SOFR + 3.31%), 8.71%, 07/24/32(a)(b) |
500 | 492,507 | ||||||||||
Whitebox CLO II Ltd., Series 2020‑2A, Class DR, (3‑mo. CME Term SOFR + 3.61%), 9.01%, 10/24/34(a)(b) |
500 | 484,150 |
Security | Par (000) |
Value | ||||||||||
Asset-Backed Securities (continued) | ||||||||||||
Whitebox CLO III Ltd.(a)(b) |
||||||||||||
Series 2021‑3A, Class D, (3‑mo. CME Term SOFR + 3.61%), 9.01%, 10/15/34 |
USD | 250 | $ | 245,415 | ||||||||
Series 2021‑3A, Class E, (3‑mo. CME Term SOFR + 7.11%), 12.51%, 10/15/34 |
250 | 246,232 | ||||||||||
|
|
|||||||||||
Total Asset-Backed Securities — 15.5% (Cost: $93,445,277) |
|
92,303,943 | ||||||||||
|
|
|||||||||||
Corporate Bonds |
||||||||||||
Aerospace & Defense — 2.5% | ||||||||||||
Boeing Co. 2.95%, 02/01/30 |
800 | 720,741 | ||||||||||
3.60%, 05/01/34 |
550 | 485,946 | ||||||||||
Bombardier, Inc.(b) 7.13%, 06/15/26(e) |
425 | 423,016 | ||||||||||
7.88%, 04/15/27(e) |
122 | 122,021 | ||||||||||
6.00%, 02/15/28(e) |
667 | 649,842 | ||||||||||
7.50%, 02/01/29 |
90 | 91,492 | ||||||||||
8.75%, 11/15/30 |
294 | 313,023 | ||||||||||
7.45%, 05/01/34 |
100 | 114,000 | ||||||||||
Embraer Netherlands Finance BV, 7.00%, 07/28/30(b) |
263 | 274,806 | ||||||||||
F-Brasile SpA/F-Brasile U.S. LLC, Series XR, 7.38%, 08/15/26(b)(e) |
200 | 195,471 | ||||||||||
L3Harris Technologies, Inc. 2.90%, 12/15/29 |
1,200 | 1,084,378 | ||||||||||
1.80%, 01/15/31 |
300 | 246,404 | ||||||||||
Lockheed Martin Corp., 3.80%, 03/01/45 |
800 | 687,771 | ||||||||||
Northrop Grumman Corp. 4.70%, 03/15/33 |
400 | 403,398 | ||||||||||
3.85%, 04/15/45 |
850 | 713,960 | ||||||||||
Rolls-Royce PLC, 5.75%, 10/15/27(b) |
400 | 400,687 | ||||||||||
RTX Corp. 2.38%, 03/15/32 |
1,000 | 833,349 | ||||||||||
5.15%, 02/27/33 |
900 | 917,230 | ||||||||||
4.50%, 06/01/42 |
300 | 272,434 | ||||||||||
Spirit AeroSystems, Inc.(b) 9.38%, 11/30/29(e) |
296 | 323,905 | ||||||||||
9.75%, 11/15/30 |
279 | 299,918 | ||||||||||
TransDigm, Inc.(b) 6.25%, 03/15/26(e) |
2,900 | 2,894,990 | ||||||||||
6.75%, 08/15/28 |
1,232 | 1,260,437 | ||||||||||
7.13%, 12/01/31 |
635 | 665,426 | ||||||||||
Triumph Group, Inc., 9.00%, 03/15/28(b) |
703 | 747,531 | ||||||||||
|
|
|||||||||||
15,142,176 | ||||||||||||
Air Freight & Logistics — 0.2% | ||||||||||||
FedEx Corp., 4.75%, 11/15/45(e) |
1,250 | 1,151,594 | ||||||||||
|
|
|||||||||||
Automobile Components — 0.6% | ||||||||||||
Aptiv PLC, 4.40%, 10/01/46 |
465 | 376,328 | ||||||||||
Clarios Global LP, 6.75%, 05/15/25(b) |
237 | 239,086 |
S C H E D U L E O F I N V E S T M E N T S |
21 |
Schedule of Investments (continued) December 31, 2023 |
BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Automobile Components (continued) | ||||||||||||
Clarios Global LP/Clarios U.S. Finance Co. 4.38%, 05/15/26(d) |
EUR | 200 | $ | 218,910 | ||||||||
6.25%, 05/15/26(b)(e) |
USD | 371 | 371,482 | |||||||||
8.50%, 05/15/27(b)(e) |
1,287 | 1,291,486 | ||||||||||
6.75%, 05/15/28(b) |
366 | 373,399 | ||||||||||
Dana Financing Luxembourg SARL, 8.50%, 07/15/31(d) |
EUR | 100 | 120,580 | |||||||||
Forvia SE, 3.75%, 06/15/28(d) |
100 | 108,037 | ||||||||||
Goodyear Tire & Rubber Co., 5.63%, 04/30/33 |
USD | 81 | 72,607 | |||||||||
Tenneco, Inc., 8.00%, 11/17/28(b) |
15 | 12,806 | ||||||||||
ZF Finance GmbH, 3.75%, 09/21/28(d) |
EUR | 100 | 106,334 | |||||||||
|
|
|||||||||||
3,291,055 | ||||||||||||
Automobiles — 0.8% | ||||||||||||
Asbury Automotive Group, Inc., 4.50%, 03/01/28 |
USD | 10 | 9,497 | |||||||||
Dealer Tire LLC/DT Issuer LLC, 8.00%, 02/01/28(b) |
111 | 109,890 | ||||||||||
Ford Motor Co. 6.10%, 08/19/32(e) |
168 | 169,349 | ||||||||||
4.75%, 01/15/43 |
2,000 | 1,650,959 | ||||||||||
General Motors Co., 6.25%, 10/02/43 |
2,506 | 2,556,429 | ||||||||||
LCM Investments Holdings II LLC(b) 4.88%, 05/01/29 |
55 | 51,090 | ||||||||||
8.25%, 08/01/31 |
172 | 179,517 | ||||||||||
RCI Banque SA, (5‑year EUR Swap + 2.85%), 2.63%, 02/18/30(a)(d) |
EUR | 100 | 106,752 | |||||||||
|
|
|||||||||||
4,833,483 | ||||||||||||
Banks — 4.6% | ||||||||||||
Banco BPM SpA, (3‑mo. EURIBOR + 2.80%), 6.00%, 06/14/28(a) |
150 | 173,229 | ||||||||||
Banco de Sabadell SA, (1‑year EUR Swap + 2.40%), 5.25%, 02/07/29(a)(d) |
100 | 113,943 | ||||||||||
Bangkok Bank PCL/Hong Kong, (5‑year CMT + 4.73%), 5.00%(a) |
USD | 500 | 481,250 | |||||||||
Bank Negara Indonesia Persero Tbk PT, 3.75%, 03/30/26(d) |
252 | 239,652 | ||||||||||
Bank of America Corp., (3‑mo. CME Term SOFR + 1.57%), 4.27%, 07/23/29(a)(e) |
4,000 | 3,861,957 | ||||||||||
Barclays PLC, (1‑year CMT + 1.05%), 2.28%, 11/24/27(a)(e) |
3,000 | 2,756,427 | ||||||||||
Citigroup, Inc.(a) |
||||||||||||
(1‑day SOFR + 2.34%), 6.27%, 11/17/33(e) |
1,567 | 1,676,707 | ||||||||||
(1‑day SOFR + 2.66%), 6.17%, 05/25/34 |
290 | 300,085 | ||||||||||
Credit Suisse AG/New York, 5.00%, 07/09/27 |
900 | 900,190 | ||||||||||
Deutsche Bank AG/New York, (1‑day SOFR + 3.18%), 6.72%, 01/18/29(a)(e) |
850 | 890,126 | ||||||||||
Freedom Mortgage Corp. 12.00%, 10/01/28(b) |
64 | 69,896 | ||||||||||
12.25%, 10/01/30 |
65 | 71,354 | ||||||||||
Goldman Sachs Group, Inc., (3‑mo. CME Term SOFR + 1.56%), 4.22%, 05/01/29(a)(e) |
4,000 | 3,869,308 | ||||||||||
HSBC Holdings PLC, 6.10%, 01/14/42 |
610 | 690,643 | ||||||||||
JPMorgan Chase & Co.(a) |
||||||||||||
(1‑day SOFR + 1.18%), 2.55%, 11/08/32 |
1,000 | 834,378 | ||||||||||
(1‑day SOFR + 2.08%), 4.91%, 07/25/33 |
1,381 | 1,365,436 | ||||||||||
(3‑mo. CME Term SOFR + 1.42%), 3.70%, 05/06/30 |
1,000 | 941,089 | ||||||||||
(3‑mo. CME Term SOFR + 2.46%), 3.11%, 04/22/41 |
800 | 615,905 | ||||||||||
Morgan Stanley, (1‑day SOFR + 1.73%), 5.12%, 02/01/29(a)(e) |
3,000 | 3,013,643 | ||||||||||
NatWest Group PLC, (1‑year CMT + 2.27%), 5.52%, 09/30/28(a) |
1,000 | 1,005,306 |
Security | Par (000) |
Value | ||||||||||
Banks (continued) | ||||||||||||
Northern Trust Corp., 6.13%, 11/02/32 |
USD | 95 | $ | 102,014 | ||||||||
Standard Chartered PLC, (5‑year USD ICE Swap + 1.97%), 4.87%, 03/15/33(a)(b) |
500 | 468,170 | ||||||||||
Wells Fargo & Co.(a) |
||||||||||||
(1‑day SOFR + 2.02%), 5.39%, 04/24/34 |
1,124 | 1,128,883 | ||||||||||
(1‑day SOFR + 2.53%), 3.07%, 04/30/41(e) |
2,250 | 1,702,251 | ||||||||||
|
|
|||||||||||
27,271,842 | ||||||||||||
Beverages — 0.8% | ||||||||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.90%, 02/01/46(e) |
4,600 | 4,509,110 | ||||||||||
Keurig Dr. Pepper, Inc., 2.25%, 03/15/31 |
400 | 340,326 | ||||||||||
|
|
|||||||||||
4,849,436 | ||||||||||||
Biotechnology — 0.8% | ||||||||||||
Amgen, Inc. 5.25%, 03/02/30 |
800 | 822,397 | ||||||||||
4.20%, 03/01/33 |
1,000 | 951,191 | ||||||||||
5.25%, 03/02/33(e) |
600 | 615,139 | ||||||||||
4.40%, 05/01/45 |
650 | 576,909 | ||||||||||
Baxalta, Inc., 5.25%, 06/23/45 |
500 | 498,073 | ||||||||||
Cidron Aida Finco SARL, 5.00%, 04/01/28(d) |
EUR | 100 | 106,171 | |||||||||
Gilead Sciences, Inc., 4.80%, 04/01/44 |
USD | 1,000 | 963,997 | |||||||||
|
|
|||||||||||
4,533,877 | ||||||||||||
Broadline Retail — 0.2% | ||||||||||||
Amazon.com, Inc., 4.05%, 08/22/47(e) |
1,500 | 1,352,433 | ||||||||||
NMG Holding Co., Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26(b) |
44 | 42,282 | ||||||||||
|
|
|||||||||||
1,394,715 | ||||||||||||
Building Products — 1.4% | ||||||||||||
Advanced Drainage Systems, Inc.(b) 5.00%, 09/30/27 |
215 | 207,475 | ||||||||||
6.38%, 06/15/30 |
247 | 248,851 | ||||||||||
Beacon Roofing Supply, Inc.(b) 4.13%, 05/15/29 |
86 | 78,402 | ||||||||||
6.50%, 08/01/30 |
191 | 195,292 | ||||||||||
Foundation Building Materials, Inc., 6.00%, 03/01/29(b) |
47 | 42,259 | ||||||||||
GYP Holdings III Corp., 4.63%, 05/01/29(b) |
138 | 125,981 | ||||||||||
Home Depot, Inc., 5.88%, 12/16/36 |
1,660 | 1,855,454 | ||||||||||
Lowe’s Cos., Inc. 1.70%, 10/15/30 |
1,600 | 1,328,855 | ||||||||||
5.00%, 04/15/33(e) |
1,000 | 1,021,277 | ||||||||||
4.38%, 09/15/45 |
1,000 | 873,550 | ||||||||||
Specialty Building Products Holdings LLC/SBP Finance Corp., 6.38%, 09/30/26(b) |
56 | 54,923 | ||||||||||
SRS Distribution, Inc.(b) 4.63%, 07/01/28 |
299 | 283,660 | ||||||||||
6.13%, 07/01/29(e) |
347 | 328,966 | ||||||||||
6.00%, 12/01/29(e) |
546 | 509,094 | ||||||||||
White Cap Buyer LLC, 6.88%, 10/15/28(b)(e) |
887 | 858,626 | ||||||||||
White Cap Parent LLC, (8.25% Cash or 9.00% PIK), 8.25%, 03/15/26(b)(e)(f) |
136 | 135,368 | ||||||||||
|
|
|||||||||||
8,148,033 | ||||||||||||
Capital Markets — 0.8% | ||||||||||||
Ares Capital Corp., 7.00%, 01/15/27 |
95 | 97,717 | ||||||||||
Aretec Group, Inc., 10.00%, 08/15/30(b) |
65 | 69,072 | ||||||||||
Blackstone Private Credit Fund 7.05%, 09/29/25 |
56 | 56,990 | ||||||||||
3.25%, 03/15/27 |
53 | 48,619 | ||||||||||
Blue Owl Capital Corp. 3.75%, 07/22/25 |
129 | 123,559 |
22 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) December 31, 2023 |
BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Capital Markets (continued) | ||||||||||||
Blue Owl Capital Corp. (continued) 3.40%, 07/15/26 |
USD | 46 | $ | 42,766 | ||||||||
Blue Owl Capital Corp. II, 8.45%, 11/15/26 |
94 | 96,843 | ||||||||||
Blue Owl Credit Income Corp. 3.13%, 09/23/26 |
31 | 28,310 | ||||||||||
7.75%, 09/16/27 |
215 | 221,675 | ||||||||||
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29(b)(e) |
129 | 121,856 | ||||||||||
FMR LLC, 4.95%, 02/01/33(b) |
2,300 | 2,218,969 | ||||||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 6.25%, 05/15/26 |
115 | 109,723 | ||||||||||
5.25%, 05/15/27 |
431 | 387,135 | ||||||||||
9.75%, 01/15/29 |
188 | 191,798 | ||||||||||
4.38%, 02/01/29 |
142 | 118,578 | ||||||||||
Raymond James Financial, Inc., 4.95%, 07/15/46 |
400 | 373,156 | ||||||||||
SURA Asset Management SA, 4.88%, 04/17/24(d) |
178 | 176,410 | ||||||||||
|
|
|||||||||||
4,483,176 | ||||||||||||
Chemicals — 0.9% | ||||||||||||
Avient Corp., 7.13%, 08/01/30(b) |
74 | 76,979 | ||||||||||
Axalta Coating Systems Dutch Holding B BV, 7.25%, 02/15/31(b) |
173 | 181,431 | ||||||||||
Axalta Coating Systems LLC, 3.38%, 02/15/29(b) |
198 | 177,691 | ||||||||||
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27(b) |
242 | 235,170 | ||||||||||
Braskem Idesa SAPI, 6.99%, 02/20/32(b) |
200 | 113,024 | ||||||||||
Celanese U.S. Holdings LLC, 6.70%, 11/15/33 |
65 | 70,499 | ||||||||||
Chemours Co.(b) 5.75%, 11/15/28 |
85 | 80,963 | ||||||||||
4.63%, 11/15/29 |
118 | 103,599 | ||||||||||
Element Solutions, Inc., 3.88%, 09/01/28(b) |
859 | 790,827 | ||||||||||
HB Fuller Co., 4.25%, 10/15/28 |
74 | 69,194 | ||||||||||
Herens Holdco SARL, 4.75%, 05/15/28(b) |
200 | 164,077 | ||||||||||
Illuminate Buyer LLC/Illuminate Holdings IV, Inc., 9.00%, 07/01/28(b)(e) |
220 | 210,364 | ||||||||||
Kobe U.S. Midco 2, Inc., (9.25% Cash or 10.00% PIK), 9.25%, 11/01/26(b)(f) |
185 | 137,687 | ||||||||||
LSF11 A5 HoldCo LLC, 6.63%, 10/15/29(b) |
90 | 76,107 | ||||||||||
Olympus Water U.S. Holding Corp. 9.63%, 11/15/28(d) |
EUR | 100 | 118,123 | |||||||||
9.75%, 11/15/28(b) |
USD | 563 | 597,564 | |||||||||
Sasol Financing USA LLC, 6.50%, 09/27/28 |
200 | 188,812 | ||||||||||
SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, 11/01/26(b)(e) |
200 | 191,986 | ||||||||||
Scotts Miracle-Gro Co. 4.50%, 10/15/29 |
84 | 74,635 | ||||||||||
4.38%, 02/01/32 |
46 | 38,871 | ||||||||||
Sherwin-Williams Co., 4.50%, 06/01/47 |
350 | 320,123 | ||||||||||
SK Invictus Intermediate II SARL, 5.00%, 10/30/29(b) |
311 | 269,792 | ||||||||||
WR Grace Holdings LLC(b) 4.88%, 06/15/27 |
105 | 101,021 | ||||||||||
5.63%, 08/15/29(e) |
632 | 556,133 | ||||||||||
7.38%, 03/01/31 |
152 | 152,046 | ||||||||||
|
|
|||||||||||
5,096,718 | ||||||||||||
Commercial Services & Supplies — 1.4% | ||||||||||||
ADT Security Corp.(b) 4.13%, 08/01/29 |
19 | 17,485 | ||||||||||
4.88%, 07/15/32 |
39 | 36,075 |
Security | Par (000) |
Value | ||||||||||
Commercial Services & Supplies (continued) |
| |||||||||||
Albion Financing 1 SARL/Aggreko Holdings, Inc., 6.13%, 10/15/26(b) |
USD | 200 | $ | 198,112 | ||||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp.(b)(e) 6.63%, 07/15/26 |
415 | 412,821 | ||||||||||
9.75%, 07/15/27 |
249 | 243,994 | ||||||||||
6.00%, 06/01/29 |
898 | 732,134 | ||||||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.63%, 06/01/28(b) |
729 | 664,637 | ||||||||||
APX Group, Inc.(b) 6.75%, 02/15/27 |
123 | 122,692 | ||||||||||
5.75%, 07/15/29 |
181 | 168,738 | ||||||||||
Ashtead Capital, Inc., 5.95%, 10/15/33(b) |
250 | 254,700 | ||||||||||
BCP V Modular Services Finance II PLC, 4.75%, 11/30/28(d) |
EUR | 100 | 101,977 | |||||||||
Fortress Transportation and Infrastructure Investors LLC 6.50%, 10/01/25(b) |
USD | 411 | 409,684 | |||||||||
9.75%, 08/01/27(b) |
219 | 227,760 | ||||||||||
5.50%, 05/01/28(b)(e) |
361 | 347,153 | ||||||||||
7.88%, 12/01/30 |
481 | 501,096 | ||||||||||
Garda World Security Corp.(b) 4.63%, 02/15/27 |
88 | 84,849 | ||||||||||
9.50%, 11/01/27 |
96 | 96,782 | ||||||||||
7.75%, 02/15/28 |
370 | 382,805 | ||||||||||
6.00%, 06/01/29 |
16 | 14,342 | ||||||||||
Herc Holdings, Inc., 5.50%, 07/15/27(b)(e) |
360 | 355,434 | ||||||||||
Metis Merger Sub LLC, 6.50%, 05/15/29(b) |
82 | 74,155 | ||||||||||
Neptune Bidco U.S., Inc., 9.29%, 04/15/29(b) |
120 | 111,900 | ||||||||||
NESCO Holdings II, Inc., 5.50%, 04/15/29(b) |
146 | 134,990 | ||||||||||
Paprec Holding SA, 7.25%, 11/17/29(d) |
EUR | 100 | 118,261 | |||||||||
Prime Security Services Borrower LLC/Prime Finance, Inc.(b) 5.75%, 04/15/26 |
USD | 100 | 100,542 | |||||||||
6.25%, 01/15/28(e) |
216 | 214,740 | ||||||||||
Sotheby’s/Bidfair Holdings, Inc., 5.88%, 06/01/29(b)(e) |
400 | 345,944 | ||||||||||
United Rentals North America, Inc., 6.00%, 12/15/29(b) |
1,052 | 1,068,062 | ||||||||||
Verisure Holding AB, 9.25%, 10/15/27(d) |
EUR | 100 | 118,428 | |||||||||
Williams Scotsman, Inc. 6.13%, 06/15/25(b) |
USD | 175 | 175,345 | |||||||||
7.38%, 10/01/31 |
199 | 208,703 | ||||||||||
|
|
|||||||||||
8,044,340 | ||||||||||||
Communications Equipment — 0.1% | ||||||||||||
CommScope Technologies LLC, 6.00%, 06/15/25(b)(e) |
365 | 297,475 | ||||||||||
CommScope, Inc., 4.75%, 09/01/29(b) |
161 | 108,096 | ||||||||||
Viasat, Inc. 5.63%, 09/15/25(b) |
314 | 306,162 | ||||||||||
5.63%, 04/15/27(b) |
97 | 93,848 | ||||||||||
7.50%, 05/30/31 |
33 | 25,905 | ||||||||||
|
|
|||||||||||
831,486 | ||||||||||||
Construction & Engineering — 0.2% | ||||||||||||
Arcosa, Inc., 4.38%, 04/15/29(b) |
117 | 108,972 | ||||||||||
Brand Industrial Services, Inc., 10.38%, 08/01/30 |
1,004 | 1,061,760 | ||||||||||
Pike Corp., 8.63%, 01/31/31(b) |
57 | 59,898 | ||||||||||
|
|
|||||||||||
1,230,630 |
S C H E D U L E O F I N V E S T M E N T S |
23 |
Schedule of Investments (continued) December 31, 2023 |
BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Construction Materials — 0.7% | ||||||||||||
BCPE Empire Holdings, Inc., 7.63%, 05/01/27(b) |
USD | 210 | $ | 202,496 | ||||||||
Camelot Return Merger Sub, Inc., 8.75%, 08/01/28(b) |
183 | 185,750 | ||||||||||
Emerald Debt Merger Sub LLC 6.38%, 12/15/30(b) |
EUR | 110 | 129,698 | |||||||||
6.38%, 12/15/30(d) |
100 | 117,907 | ||||||||||
6.63%, 12/15/30(b) |
USD | 1,603 | 1,637,256 | |||||||||
HT Troplast GmbH, 9.38%, 07/15/28 |
EUR | 100 | 111,981 | |||||||||
Jeld‑Wen, Inc., 4.63%, 12/15/25(b) |
USD | 155 | 149,963 | |||||||||
Masonite International Corp., 5.38%, 02/01/28(b) |
17 | 16,320 | ||||||||||
New Enterprise Stone & Lime Co., Inc.(b) 5.25%, 07/15/28 |
55 | 52,465 | ||||||||||
9.75%, 07/15/28 |
26 | 26,000 | ||||||||||
Resideo Funding, Inc., 4.00%, 09/01/29(b) |
42 | 36,645 | ||||||||||
Ritchie Bros Holdings, Inc., 6.75%, 03/15/28(b) |
56 | 57,656 | ||||||||||
Smyrna Ready Mix Concrete LLC 6.00%, 11/01/28(b) |
262 | 257,960 | ||||||||||
8.88%, 11/15/31 |
479 | 503,513 | ||||||||||
Standard Industries, Inc./New Jersey(b) 5.00%, 02/15/27 |
157 | 153,065 | ||||||||||
4.75%, 01/15/28 |
62 | 59,687 | ||||||||||
4.38%, 07/15/30 |
170 | 156,126 | ||||||||||
3.38%, 01/15/31 |
44 | 37,852 | ||||||||||
Summit Materials LLC/Summit Materials Finance Corp.(b) 5.25%, 01/15/29 |
19 | 18,383 | ||||||||||
7.25%, 01/15/31 |
295 | 310,843 | ||||||||||
|
|
|||||||||||
4,221,566 | ||||||||||||
Consumer Discretionary — 0.0% | ||||||||||||
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26(d) |
EUR | 88 | 96,574 | |||||||||
|
|
|||||||||||
Consumer Finance — 1.2% | ||||||||||||
Block, Inc. 2.75%, 06/01/26 |
USD | 446 | 420,591 | |||||||||
3.50%, 06/01/31(e) |
476 | 422,665 | ||||||||||
Bread Financial Holdings, Inc., 9.75%, 03/15/29(b) |
88 | 91,227 | ||||||||||
Capital One Financial Corp.(a) |
||||||||||||
(1‑day SOFR + 2.60%), 5.82%, 02/01/34 |
440 | 437,855 | ||||||||||
(1‑day SOFR + 2.86%), 6.38%, 06/08/34 |
70 | 72,044 | ||||||||||
Ford Motor Credit Co. LLC 2.75%, 06/14/24 |
GBP | 100 | 125,624 | |||||||||
7.35%, 03/06/30 |
USD | 394 | 423,275 | |||||||||
7.20%, 06/10/30(e) |
236 | 251,351 | ||||||||||
GTCR W‑2 Merger Sub LLC, 7.50%, 01/15/31(b) |
1,177 | 1,243,762 | ||||||||||
Moody’s Corp., 2.75%, 08/19/41 |
350 | 254,907 | ||||||||||
Navient Corp. 5.50%, 03/15/29 |
30 | 27,664 | ||||||||||
9.38%, 07/25/30 |
148 | 155,056 | ||||||||||
OneMain Finance Corp. 6.88%, 03/15/25 |
53 | 53,651 | ||||||||||
7.13%, 03/15/26(e) |
168 | 171,157 | ||||||||||
3.50%, 01/15/27 |
116 | 107,351 | ||||||||||
6.63%, 01/15/28 |
165 | 166,574 | ||||||||||
9.00%, 01/15/29(e) |
200 | 211,446 | ||||||||||
5.38%, 11/15/29 |
42 | 39,329 | ||||||||||
7.88%, 03/15/30 |
245 | 252,196 | ||||||||||
4.00%, 09/15/30 |
130 | 111,248 | ||||||||||
Sabre GLBL, Inc., 8.63%, 06/01/27 |
348 | 316,687 | ||||||||||
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 4.63%, 11/01/26(b) |
395 | 384,102 |
Security | Par (000) |
Value | ||||||||||
Consumer Finance (continued) | ||||||||||||
Shift4 Payments, Inc., 0.00%, 12/15/25(g)(h) |
USD | 112 | $ | 124,253 | ||||||||
Verscend Escrow Corp., 9.75%, 08/15/26(b)(e) |
1,355 | 1,364,523 | ||||||||||
|
|
|||||||||||
7,228,538 | ||||||||||||
Consumer Staples Distribution & Retail — 0.5% | ||||||||||||
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(b) 3.25%, 03/15/26 |
34 | 32,079 | ||||||||||
7.50%, 03/15/26 |
65 | 66,208 | ||||||||||
4.63%, 01/15/27 |
111 | 107,915 | ||||||||||
5.88%, 02/15/28 |
219 | 219,147 | ||||||||||
6.50%, 02/15/28 |
109 | 110,302 | ||||||||||
3.50%, 03/15/29 |
198 | 179,781 | ||||||||||
4.88%, 02/15/30(e) |
241 | 230,716 | ||||||||||
Bellis Acquisition Co. PLC, 3.25%, 02/16/26(d) |
GBP | 100 | 118,021 | |||||||||
Kraft Heinz Foods Co. 5.00%, 06/04/42 |
USD | 500 | 481,625 | |||||||||
4.38%, 06/01/46 |
200 | 174,558 | ||||||||||
Lamb Weston Holdings, Inc.(b) 4.88%, 05/15/28 |
229 | 223,961 | ||||||||||
4.13%, 01/31/30 |
90 | 82,974 | ||||||||||
4.38%, 01/31/32 |
94 | 85,754 | ||||||||||
Market Bidco Finco PLC, 5.50%, 11/04/27(d) |
GBP | 100 | 112,169 | |||||||||
Performance Food Group, Inc.(b) 5.50%, 10/15/27 |
USD | 28 | 27,589 | |||||||||
4.25%, 08/01/29 |
95 | 87,133 | ||||||||||
Post Holdings, Inc.(b) 4.63%, 04/15/30 |
159 | 146,255 | ||||||||||
4.50%, 09/15/31 |
9 | 8,065 | ||||||||||
U.S. Foods, Inc.(b) 6.88%, 09/15/28 |
123 | 126,611 | ||||||||||
4.75%, 02/15/29 |
129 | 122,517 | ||||||||||
4.63%, 06/01/30 |
27 | 25,163 | ||||||||||
7.25%, 01/15/32(e) |
148 | 154,322 | ||||||||||
United Natural Foods, Inc., 6.75%, 10/15/28(b) |
24 | 19,429 | ||||||||||
Walgreens Boots Alliance, Inc. 3.20%, 04/15/30 |
19 | 16,725 | ||||||||||
4.80%, 11/18/44 |
61 | 50,824 | ||||||||||
4.10%, 04/15/50 |
93 | 67,534 | ||||||||||
|
|
|||||||||||
3,077,377 | ||||||||||||
Containers & Packaging — 1.0% | ||||||||||||
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(b) 6.00%, 06/15/27 |
372 | 370,667 | ||||||||||
4.00%, 09/01/29(e) |
666 | 563,753 | ||||||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. 5.25%, 04/30/25(b) |
200 | 194,504 | ||||||||||
2.13%, 08/15/26(d) |
EUR | 200 | 196,313 | |||||||||
4.13%, 08/15/26(b) |
USD | 227 | 207,137 | |||||||||
5.25%, 08/15/27(b) |
202 | 156,927 | ||||||||||
Ball Corp., 6.00%, 06/15/29(e) |
129 | 131,731 | ||||||||||
Clydesdale Acquisition Holdings, Inc.(b) 6.63%, 04/15/29 |
315 | 309,825 | ||||||||||
8.75%, 04/15/30 |
476 | 443,807 | ||||||||||
Crown Americas LLC, 5.25%, 04/01/30 |
12 | 11,818 | ||||||||||
LABL, Inc.(b) 5.88%, 11/01/28 |
81 | 73,388 | ||||||||||
9.50%, 11/01/28 |
301 | 304,010 | ||||||||||
Mauser Packaging Solutions Holding Co.(b) 7.88%, 08/15/26(e) |
1,913 | 1,946,824 | ||||||||||
9.25%, 04/15/27 |
44 | 43,188 |
24 | 2 0 2 3 B L A C K R O C K A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (continued) December 31, 2023 |
BlackRock Core Bond Trust (BHK) (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Containers & Packaging (continued) | ||||||||||||
OI European Group BV, 6.25%, 05/15/28 |
EUR | 100 | $ | 115,473 | ||||||||
Owens-Brockway Glass Container, Inc.(b) 6.63%, 05/13/27 |
USD | 27 | 27,003 | |||||||||
7.25%, 05/15/31 |
118 | 119,639 | ||||||||||
Sealed Air Corp., 5.00%, 04/15/29(b) |
38 | 36,747 | ||||||||||
Sealed Air Corp./Sealed Air Corp. U.S., 6.13%, 02/01/28(b) |
122 | 123,051 | ||||||||||
Trident TPI Holdings, Inc., 12.75%, 12/31/28(b) |
23 | 24,610 | ||||||||||
Trivium Packaging Finance BV(b) 5.50%, 08/15/26 |
305 | 299,238 | ||||||||||
8.50%, 08/15/27 |
200 | 196,100 | ||||||||||
|
|
|||||||||||
5,895,753 | ||||||||||||
Diversified Consumer Services — 0.2% | ||||||||||||
Graham Holdings Co., 5.75%, 06/01/26(b) |
27 | 26,838 | ||||||||||
Grand Canyon University, 5.13%, 10/01/28 |
702 | 627,700 | ||||||||||
Service Corp. International, 4.00%, 05/15/31 |
20 | 17,910 | ||||||||||
Sotheby’s, 7.38%, 10/15/27(b)(e) |
465 | 448,444 | ||||||||||
|
|
|||||||||||
1,120,892 | ||||||||||||
Diversified REITs — 1.2% | ||||||||||||
American Tower Corp., 2.90%, 01/15/30(e) |
2,500 | 2,224,758 | ||||||||||
Crown Castle, Inc. 3.10%, 11/15/29 |
750 | 671,025 | ||||||||||
2.10%, 04/01/31 |
1,000 | 814,457 | ||||||||||
2.90%, 04/01/41 |
350 | 249,793 | ||||||||||
Equinix, Inc., 2.50%, 05/15/31 |
500 | 424,412 | ||||||||||
GLP Capital LP/GLP Financing II, Inc. 3.25%, 01/15/32 |
379 | 319,972 | ||||||||||
6.75%, 12/01/33 |
115 | 124,065 | ||||||||||
HAT Holdings I LLC/HAT Holdings II LLC, 8.00%, 06/15/27 |
70 | 72,894 | ||||||||||
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/32(b) |
127 | 116,329 | ||||||||||
Prologis LP, 4.63%, 01/15/33(e) |
1,000 | 1,004,437 | ||||||||||
SBA Communications Corp. 3.13%, 02/01/29(e) |
321 | 288,417 | ||||||||||
3.88%, 02/15/27 |
18 | 17,286 | ||||||||||
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 02/15/28(b) |
605 | 613,352 | ||||||||||
VICI Properties LP, 4.95%, 02/15/30 |
106 | 102,854 | ||||||||||
VICI Properties LP/VICI Note Co., Inc., 4.63%, 12/01/29(b) |
239 | 225,198 | ||||||||||
|
|
|||||||||||
7,269,249 | ||||||||||||
Diversified Telecommunication Services — 2.9% | ||||||||||||
AT&T, Inc. 6.38%, 03/01/41 |
520 | 569,598 | ||||||||||
5.15%, 03/15/42 |
1,200 | 1,153,686 | ||||||||||
4.75%, 05/15/46(e) |
1,500 | 1,355,783 | ||||||||||
Bell Telephone Co. of Canada or Bell Canada, Series US‑4, 3.65%, 03/17/51 |
335 | 256,775 | ||||||||||
Cablevision Lightpath LLC(b) 3.88%, 09/15/27 |
220 | 193,192 | ||||||||||
5.63%, 09/15/28 |
200 | 157,622 | ||||||||||
Cellnex Telecom SA, 2.13%, 08/11/30 |
EUR | 100 | 113,436 | |||||||||
Frontier Communications Holdings LLC(b) 5.88%, 10/15/27 |
USD | 182 | 175,830 | |||||||||
5.00%, 05/01/28 |
293 | 270,784 | ||||||||||
8.75%, 05/15/30 |
966 | 993,733 | ||||||||||
Iliad Holding SASU, 6.50%, 10/15/26(b) |
529 | 527,965 | ||||||||||
Kaixo Bondco Telecom SA, 5.13%, 09/30/29(d) |
EUR | 100 | 102,943 |
Security | Par (000) |
Value | ||||||||||
Diversified Telecommunication Services (continued) | ||||||||||||
Level 3 Financing, Inc. |
||||||||||||
3.40%, 03/01/27 |
USD | 689 | $ | 661,440 | ||||||||
4.63%, 09/15/27 |
656 | 393,600 | ||||||||||
3.63%, 01/15/29 |
68 | 34,680 | ||||||||||
10.50%, 05/15/30 |
686 | 665,204 | ||||||||||
Level 3 New Money TSA, 11.00%, 11/15/29(i) |
445 | 445,417 | ||||||||||
Lumen Technologies, Inc., 4.00%, 02/15/27 |
329 | 212,327 | ||||||||||
Network i2i Ltd., (5‑year CMT + 4.27%), 5.65%(a)(d)(j) . |
|
400 | 393,250 | |||||||||
Sable International Finance Ltd., 5.75%, 09/07/27(b) |
200 | 189,310 | ||||||||||
SoftBank Group Corp.(d) |
||||||||||||
3.13%, 09/19/25 |
EUR | 100 | 106,522 | |||||||||
3.88%, 07/06/32 |
100 | 94,150 | ||||||||||
Telecom Italia Capital SA |
||||||||||||
6.38%, 11/15/33 |
USD | 3 | 2,934 | |||||||||
6.00%, 09/30/34 |
284 | 269,709 | ||||||||||
7.20%, 07/18/36 |
227 | 227,868 | ||||||||||
7.72%, 06/04/38 |
95 | 96,742 | ||||||||||
Telecom Italia SpA/Milano, 6.88%, 02/15/28(d) |
EUR | 100 | 117,317 | |||||||||
Verizon Communications, Inc., 6.55%, 09/15/43(e) |
USD | 5,000 | 5,751,972 | |||||||||
Zayo Group Holdings, Inc.(b)(e) |
||||||||||||
4.00%, 03/01/27 |
1,745 | 1,399,097 | ||||||||||
6.13%, 03/01/28 |
647 | 475,196 | ||||||||||
|
|
|||||||||||
17,408,082 | ||||||||||||
Electric Utilities — 4.8% | ||||||||||||
Baltimore Gas and Electric Co. |
||||||||||||
3.50%, 08/15/46 |
800 | 611,727 | ||||||||||
3.75%, 08/15/47 |
500 | 395,536 | ||||||||||
CenterPoint Energy Houston Electric LLC, Series AI, 4.45%, 10/01/32 |