Schedule of Investments  (unaudited) January 31, 2023 BlackRock GA Dynamic Equity Fund (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Australia — 1.4%
BHP Group Ltd.		7,032	$	246,637
Glencore PLC		141,146		945,238
Rio Tinto PLC		2,537		198,650
South32 Ltd.		18,243		58,541
Woodside Energy Group Ltd.		1,271		32,912
				1,481,978
Canada — 1.8%
Cameco Corp.		9,824		275,170
Enbridge, Inc.		40,629		1,663,574
Nutrien Ltd.		906		74,997
				2,013,741
Chile — 0.1%
Sociedad Quimica y Minera de Chile SA, ADR		662		64,571
China — 3.3%
Aier Eye Hospital Group Co. Ltd., Class A		10,257		50,111
Amoy Diagnostics Co. Ltd., Class A		13,710		58,546
Bank of Chengdu Co. Ltd., Class A		30,700		66,180
BYD Co. Ltd., Class A		7,500		320,451
China Construction Bank Corp., Class H		71,000		45,958
China Tourism Group Duty Free Corp. Ltd., Class A		1,492		47,256
Contemporary Amperex Technology Co. Ltd., Class A		5,933		411,662
Foshan Haitian Flavouring & Food Co. Ltd., Class A		6,066		71,489
Ganfeng Lithium Group Co. Ltd., Class H(a)		15,240		139,190
Glodon Co. Ltd., Class A		7,000		67,922
Gree Electric Appliances, Inc. of Zhuhai, Class A		22,543		115,888
Guangzhou Baiyun International Airport Co. Ltd., Class A(b)		2,300		4,773
Haidilao International Holding Ltd.(a)(b)		15,000		40,901
Hangzhou Robam Appliances Co. Ltd., Class A		28,571		127,371
Hangzhou Tigermed Consulting Co. Ltd., Class H(a)		1,600		20,988
Hundsun Technologies, Inc., Class A		14,296		100,270
Hygeia Healthcare Holdings Co. Ltd.(a)(b)		5,600		44,445
Industrial & Commercial Bank of China Ltd., Class H		132,000		70,609
JD Health International, Inc.(a)(b)		10,450		86,780
JD.com, Inc., Class A		2,061		61,198
Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A		10,425		65,324
Jinxin Fertility Group Ltd.(a)		45,000		41,925
Kingsoft Corp. Ltd.		17,400		64,067
Kweichow Moutai Co. Ltd., Class A		300		82,274
Meituan, Class B(a)(b)		4,310		96,354
Microport Cardioflow Medtech Corp.(a)(b)		129,000		53,253
Ming Yuan Cloud Group Holdings Ltd.		9,000		8,459
Ping An Insurance Group Co. of China Ltd., Class A		8,900		67,487
Shanghai Jinjiang International Hotels Co. Ltd., Class A		5,059		43,213
StarPower Semiconductor Ltd., Class A		1,400		65,788
Tencent Holdings Ltd.		14,500		706,569
Venustech Group, Inc., Class A		13,800		61,103
Wuhan Raycus Fiber Laser Technologies Co. Ltd., Class A(b)		10,863		41,415
Wuliangye Yibin Co. Ltd., Class A		2,300		71,588
Yifeng Pharmacy Chain Co. Ltd., Class A		3,134		26,386
Yonyou Network Technology Co. Ltd., Class A		20,708		75,449
Yum China Holdings, Inc.		600		36,353
				3,558,995
France — 5.8%
BNP Paribas SA		17,929		1,231,397
Cie de Saint-Gobain		10,970		630,020

Security	Shares		Value
France (continued)
Danone SA		5,426	$	297,558
EssilorLuxottica SA		3,193		585,850
Hermes International		137		256,397
Kering SA		1,610		1,004,570
LVMH Moet Hennessy Louis Vuitton SE		1,558		1,360,096
TotalEnergies SE		16,403		1,014,046
				6,379,934
Germany — 4.3%
Bayer AG, Registered Shares		3,836		238,772
Commerzbank AG(b)		10,014		114,474
Deutsche Telekom AG, Registered Shares		41,053		914,612
Infineon Technologies AG		4,667		168,061
Mercedes-Benz Group AG, Registered Shares		10,534		783,856
SAP SE		10,221		1,211,597
SAP SE, ADR		400		47,412
Siemens AG, Registered Shares		8,019		1,252,610
				4,731,394
Hong Kong — 0.6%
AIA Group Ltd.		62,000		701,074
Super Hi International Holding Ltd.(b)		1,300		2,490
				703,564
Israel — 0.6%
Nice Ltd., ADR(b)		3,108		644,692
Italy — 0.4%
Intesa Sanpaolo SpA		170,461		448,188
Japan — 2.8%
FANUC Corp.		5,100		901,117
Hoya Corp.		3,778		415,474
Keyence Corp.		1,200		552,442
Kose Corp.		2,100		231,699
Mitsubishi UFJ Financial Group, Inc.		76,500		560,353
Sysmex Corp.		6,500		431,503
				3,092,588
Netherlands — 4.2%
Adyen NV(a)(b)		308		465,667
ASML Holding NV		1,687		1,116,200
ING Groep NV, Series N		109,077		1,579,463
Shell PLC		32,666		958,034
Shell PLC, ADR		7,807		459,130
				4,578,494
Norway — 0.0%
Norsk Hydro ASA		6,406		51,939
South Africa — 0.2%
Anglo American PLC		5,479		236,311
South Korea — 1.1%
Amorepacific Corp.		1,854		220,379
LG Chem Ltd.		390		220,117
LG Energy Solution Ltd.(b)		1,090		463,631
Samsung SDI Co. Ltd.		549		307,661
				1,211,788
Spain — 1.1%
Cellnex Telecom SA(a)		29,931		1,172,936
Switzerland — 1.8%
Nestle SA, Registered Shares		8,624		1,052,206

1

Schedule of Investments  (unaudited) (continued) January 31, 2023 BlackRock GA Dynamic Equity Fund (Percentages shown are based on Net Assets)

Security	Shares		Value
Switzerland (continued)
Roche Holding AG		885	$	276,271
TE Connectivity Ltd.		4,746		603,454
				1,931,931
Taiwan — 0.7%
Taiwan Semiconductor Manufacturing Co. Ltd.		44,000		776,458
United Arab Emirates — 0.0%
NMC Health PLC(b)(c)		504		—
United Kingdom — 4.3%
Alphawave IP Group PLC(b)		9,572		11,280
AstraZeneca PLC		6,268		821,186
AstraZeneca PLC, ADR		8,305		542,898
Compass Group PLC		35,351		844,465
Genius Sports Ltd.(b)		3,920		21,521
Hedosophia European Growth(b)		861		9,168
Lloyds Banking Group PLC		1,641,191		1,068,079
Unilever PLC		26,560		1,351,879
				4,670,476
United States — 56.6%
Abbott Laboratories		11,336		1,253,195
AbbVie, Inc.		3,696		546,084
Activision Blizzard, Inc.		1,812		138,745
Air Products & Chemicals, Inc.		3,162		1,013,453
Albemarle Corp.		1,895		533,348
Alcoa Corp.		2,429		126,891
Alphabet, Inc., Class C(b)		24,444		2,441,222
Amazon.com, Inc.(b)		21,740		2,242,046
American Tower Corp.		4,293		959,013
Apple, Inc.(d)		22,663		3,270,044
Applied Materials, Inc.		4,503		502,039
Aptiv PLC(b)		3,974		449,420
Archer-Daniels-Midland Co.		12,027		996,437
Ball Corp.		136		7,921
Bank of America Corp.		20,374		722,870
Boston Scientific Corp.(b)		30,558		1,413,307
Bunge Ltd.		4,415		437,526
California Resources Corp.		713		30,466
Capri Holdings Ltd.(b)		212		14,096
CF Industries Holdings, Inc.		8,216		695,895
Charles Schwab Corp.		16,109		1,247,159
Charter Communications, Inc., Class A(b)		1,154		443,494
Chesapeake Energy Corp.		265		22,981
Chipotle Mexican Grill, Inc.(b)		69		113,600
Chubb Ltd.		3,109		707,266
Comcast Corp., Class A		14,573		573,448
ConocoPhillips		13,273		1,617,581
Corteva, Inc.		791		50,980
Costco Wholesale Corp.		1,783		911,363
Crowdstrike Holdings, Inc., Class A(b)		2,204		233,404
Crown Holdings, Inc.		79		6,965
CVS Health Corp.		5,090		449,040
Darling Ingredients, Inc.(b)		585		38,780
Deere & Co.		1,548		654,556
Dexcom, Inc.(b)		4,119		441,104
Diversey Holdings Ltd.(b)		9,762		59,255
Domino’s Pizza, Inc.		442		156,026
Edwards Lifesciences Corp.(b)		4,145		317,921
Element Solutions, Inc.		875		17,920
Eli Lilly & Co.		1,337		460,129
EQT Corp.		20,687		675,844

Security	Shares		Value
United States (continued)
Exxon Mobil Corp.		349	$	40,487
F5, Inc.(b)		3,899		575,726
FMC Corp.		383		50,989
Fortinet, Inc.(b)		4,899		256,414
Fortive Corp.		16,166		1,099,773
Freeport-McMoRan, Inc.		15,781		704,148
General Motors Co.		3,475		136,637
Green Plains, Inc.(b)		130		4,520
Halliburton Co.		1,242		51,195
HCA Healthcare, Inc.		684		174,468
Hilton Worldwide Holdings, Inc.		3,436		498,529
Humana, Inc.		2,266		1,159,512
Intuit, Inc.		171		72,277
Intuitive Surgical, Inc.(b)		2,275		558,945
Johnson & Johnson		5,710		933,128
KLA Corp.		614		240,983
Liberty Media Corp.-Liberty SiriusXM, Class A(b)		9,123		370,576
Liberty Media Corp.-Liberty SiriusXM, Class C(b)		12,625		508,787
LPL Financial Holdings, Inc.		5,233		1,240,849
LyondellBasell Industries NV, Class A		3,504		338,802
Marathon Oil Corp.		22,611		621,124
Marathon Petroleum Corp.		286		36,757
Marsh & McLennan Cos., Inc.		8,470		1,481,488
Masco Corp.		1,263		67,192
Mastercard, Inc., Class A		3,618		1,340,831
McDonald’s Corp.		2,674		715,028
Merck & Co., Inc.		9,492		1,019,536
Micron Technology, Inc.		7,899		476,310
Microsoft Corp.(d)		13,603		3,370,959
Mirion Technologies, Inc.(b)		2,819		22,411
Morgan Stanley		7,217		702,431
Mosaic Co.		705		34,926
Mr. Cooper Group, Inc.(b)		405		18,626
NextEra Energy, Inc.		12,694		947,353
Northrop Grumman Corp.		2,280		1,021,531
NVIDIA Corp.		3,031		592,166
Palo Alto Networks, Inc.(b)		1,616		256,362
Park Hotels & Resorts, Inc.		518		7,620
Peloton Interactive, Inc., Class A(b)		6,467		83,618
Pfizer, Inc.		6,599		291,412
Phillips 66		430		43,116
Raymond James Financial, Inc.		3,572		402,814
Rockwell Automation, Inc.		898		253,263
Sarcos Technology & Robotics Corp.(b)		118		71
Schlumberger Ltd.		10,291		586,381
Seagen, Inc.(b)		2,493		347,724
Sempra Energy		9,516		1,525,700
ServiceNow, Inc.(b)		1,269		577,560
Splunk, Inc.(b)		511		48,938
Starbucks Corp.		5,850		638,469
Tesla, Inc.(b)		2,004		347,133
Thermo Fisher Scientific, Inc.		1,356		773,367
TJX Cos., Inc.		6,517		533,482
Toll Brothers, Inc.		189		11,244
United Parcel Service, Inc., Class B		5,227		968,197
UnitedHealth Group, Inc.		2,842		1,418,698
Univar Solutions, Inc.(b)		276		9,516
Valero Energy Corp.		3,516		492,345
Vertiv Holdings Co.		25,883		368,056
Visa, Inc., Class A		957		220,311
Vulcan Materials Co.		3,444		631,389

S C H E D U L E   O F  I N V E S T M E N T S 2

Schedule of Investments  (unaudited) (continued) January 31, 2023 BlackRock GA Dynamic Equity Fund (Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
Walmart, Inc.		3,720	$	535,196
Walt Disney Co.(b)		9,498		1,030,438
Wells Fargo & Co.		13,607		637,760
Zoetis, Inc.		725		119,980
Zscaler, Inc.(b)		1,299		161,284
				61,799,692
Total Common Stocks — 91.1% (Cost: $94,681,889)				99,549,670
	Par (000)
Corporate Bonds
United States — 0.0%
Stem, Inc., 0.50%, 12/01/28(a)(e)	$	1		672
Total Corporate Bonds — 0.0% (Cost: $1,000)				672
	Shares
Investment Companies
United States — 1.2%
iShares China Large-Cap ETF(f)		207		6,583
iShares MSCI China ETF(f)		19,824		1,062,170
KraneShares Bosera MSCI China A 50 Connect Index ETF, Class A		530		15,174
KraneShares CSI China Internet ETF(b)		2,343		79,357
U.S. Oil Fund LP(b)		1,498		103,841
Total Investment Companies — 1.2% (Cost: $1,266,581)				1,267,125
Preferred Securities
Preferred Stocks — 0.3%
Germany — 0.3%
Dr Ing hc F Porsche AG(b)		2,496		296,772
United States — 0.0%
Aptiv PLC, Series A, 06/15/23		245		30,867
Boston Scientific Corp., Series A, 06/01/23		159		18,147
			49,014
Total Preferred Securities — 0.3% (Cost: $267,951)				345,786
Warrants
Israel — 0.0%
Innovid Corp., (Issued/Exercisable 01/28/21, 1 Share for 1 Warrant, Expires 12/31/27, Strike Price USD 11.50)(b)		22		8
United Kingdom — 0.0%
Hedosophia European Growth, (Issued 05/13/21, Exercisable 05/13/22, 1 Share for 1 Warrant, Expires 05/13/27, Strike Price EUR 11.50)(b)		114		2

Security	Shares		Value
United States(b) — 0.0%
Cano Health, Inc., (Issued 07/06/20, Exercisable 07/06/21, 1 Share for 1 Warrant, Expires 06/03/26, Strike Price USD 11.50)		121	$	42
EVgo, Inc., (Issued/Exercisable 11/10/20, 1 Share for 1 Warrant, Expires 09/15/25, Strike Price USD 11.50)		60		55
Hippo Holdings, Inc., (Issued/Exercisable 01/04/21, 0.04 Share for 1 Warrant, Expires 08/02/26, Strike Price USD 287.50)		57		3
Offerpad Solutions, Inc., (Issued/Exercisable 10/13/20, 1 Share for 1 Warrant, Expires 09/01/26, Strike Price USD 11.50)		107		8
Sarcos Technology & Robotics Corp., Class A, (Issued/Exercisable 12/21/20, 1 Share for 1 Warrant, Expires 09/24/26, Strike Price USD 11.50)		354		52
Volta, Inc., Series C, (Issued/Exercisable 10/22/20, 1 Share for 1 Warrant, Expires 08/26/26, Strike Price USD 11.50)		70		14
			174
Total Warrants — 0.0% (Cost: $1,825)				184
Total Long-Term Investments — 92.6% (Cost: $96,219,246)				101,163,437
Short-Term Securities
Money Market Funds — 7.0%
BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.07%(f)(g)		7,667,733		7,667,733
Total Short-Term Securities — 7.0% (Cost: $7,667,733)				7,667,733
Options Purchased — 0.3% (Cost: $323,394)			367,985
Total Investments Before Options Written — 99.9% (Cost: $104,210,373)				109,199,155
Options Written — (0.3)% (Premiums Received: $(311,869))				(326,331	)
Total Investments, Net of Options Written — 99.6% (Cost: $103,898,504)				108,872,824
Other Assets Less Liabilities — 0.4%				398,069
Net Assets — 100.0%			$	109,270,893

^(a)  Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(b)  Non-income producing security.

^(c)  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(d)  All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

^(e)  Convertible security.

^(f) Affiliate of the Fund.

^(g)  Annualized 7-day yield as of period end.

3

Schedule of Investments  (unaudited) (continued) January 31, 2023 BlackRock GA Dynamic Equity Fund

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 04/30/22		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 01/31/23		Shares Held at 01/31/23		Income		Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class	$	4,741,013	$	2,926,720	(a)	$	—	$	—	$	—	$	7,667,733		7,667,733	$	117,771	$	—
iShares China Large-Cap ETF		6,404		—			—		—		179		6,583		207		153		—
iShares MSCI China ETF		727,986		235,497			—		—		98,687		1,062,170		19,824		18,606		—
								$	—	$	98,866	$	8,736,486			$	136,530	$	—

^(a)  Represents net amount purchased (sold).

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
SGX Nifty 50 Index		9		02/23/23	$	321	$	(7,086	)
S&P/TSE 60 Index		4		03/16/23		754		30,737
NASDAQ 100 E-Mini Index		1		03/17/23		243		6,356
S&P 500 E-Mini Index		60		03/17/23		12,270		198,301
								228,308
Short Contracts
CAC 40 Index		4		02/17/23		309		(3	)
FTSE Taiwan Index		36		02/23/23		1,940		(54,955	)
KOSPI 200 Index		28		03/09/23		1,821		(34,591	)
Nikkei 225 Yen-Denominated		8		03/09/23		845		7,447
SPI 200 Index		2		03/16/23		264		(12,371	)
DAX Index		2		03/17/23		829		(29,045	)
FTSE 100 Index		6		03/17/23		575		(21,070	)
								(144,588	)
							$	83,720

Forward Foreign Currency Exchange Contracts

Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
AUD	1,655,000	USD	1,141,070	HSBC Bank USA N.A.		02/16/23	$	27,783
CHF	1,588,812	USD	1,701,696	UBS AG		02/16/23		36,381
JPY	513,190,022	USD	3,827,808	Bank of America N.A.		02/16/23		122,292
								186,456
USD	1,861,917	EUR	1,778,368	Deutsche Bank AG		02/16/23		(73,258	)
USD	479,264	EUR	459,758	Morgan Stanley & Co. International PLC		02/16/23		(21,034	)
								(94,292	)
							$	92,164

Exchange-Traded Options Purchased

Description	Number of Contracts		Expiration Date		Exercise Price		Notional Amount (000)		Value
Call
Amazon.com, Inc.		20		02/17/23	USD	90.00	USD	206	$	28,750

S C H E D U L E   O F  I N V E S T M E N T S 4

Schedule of Investments  (unaudited) (continued) January 31, 2023 BlackRock GA Dynamic Equity Fund

Exchange-Traded Options Purchased (continued)

Description	Number of Contracts		Expiration Date		Exercise Price		Notional Amount (000)		Value
Call (continued)
CF Industries Holdings, Inc.		13		02/17/23	USD	115.00	USD	110	$	130
CF Industries Holdings, Inc.		16		02/17/23	USD	92.50	USD	136		920
Freeport-McMoRan, Inc.		40		02/17/23	USD	42.00	USD	178		13,300
Schlumberger NV		41		02/17/23	USD	55.00	USD	234		11,808
Visa, Inc., Class A		10		02/17/23	USD	225.00	USD	230		7,675
Northrop Grumman Corp.		3		03/03/23	USD	470.00	USD	134		1,800
Albemarle Corp.		9		03/17/23	USD	240.00	USD	253		42,435
Alphabet Inc., Class C		6		03/17/23	USD	95.00	USD	60		4,935
Amazon.com, Inc.		6		03/17/23	USD	90.00	USD	62		9,330
Apple, Inc.		9		03/17/23	USD	135.00	USD	130		11,430
Archer-Daniels-Midland Co.		22		03/17/23	USD	100.00	USD	182		165
Charter Communications, Inc., Class A		4		03/17/23	USD	370.00	USD	154		11,080
ConocoPhillips		33		03/17/23	USD	125.00	USD	402		15,180
Energy Select Sector SPDR Fund		19		03/17/23	USD	90.00	USD	163		7,077
EQT Corp.		54		03/17/23	USD	40.00	USD	176		1,728
Freeport-McMoRan, Inc.		43		03/17/23	USD	45.00	USD	192		10,685
Microsoft Corp.		2		03/17/23	USD	240.00	USD	50		2,780
Visa, Inc., Class A		13		03/17/23	USD	220.00	USD	299		18,265
Walt Disney Co.		5		03/17/23	USD	100.00	USD	54		5,550
Bunge Ltd.		10		04/21/23	USD	110.00	USD	99		1,775
Constellation Brands, Inc., Class A		7		04/21/23	USD	240.00	USD	162		4,340
Intuit, Inc.		6		04/21/23	USD	430.00	USD	254		16,620
Marathon Oil Corp.		40		04/21/23	USD	28.00	USD	110		7,820
Shell PLC, ADR		41		04/21/23	USD	60.00	USD	241		8,200
Shell PLC, ADR		27		04/21/23	USD	62.50	USD	159		2,970
Tesla, Inc.		10		04/21/23	USD	175.00	USD	173		20,950
Tesla, Inc.		21		05/19/23	USD	180.00	USD	364		45,465
										313,163
Put
Alphabet Inc., Class C		23		03/17/23	USD	95.00	USD	230		6,336
Amazon.com, Inc.		24		03/17/23	USD	90.00	USD	248		4,476
Apple, Inc.		16		03/17/23	USD	135.00	USD	231		4,480
Boston Scientific Corp.		51		03/17/23	USD	44.00	USD	236		3,570
ConocoPhillips		19		03/17/23	USD	115.00	USD	232		6,175
Costco Wholesale Corp.		5		03/17/23	USD	465.00	USD	256		2,350
Crowdstrike Holdings, Inc., Class A		11		03/17/23	USD	90.00	USD	116		3,218
Edwards Lifesciences Corp.		13		03/17/23	USD	75.00	USD	100		3,673
Intuitive Surgical, Inc.		4		03/17/23	USD	245.00	USD	98		3,560
LVMH Moet Hennessy Louis Vuitton SE		3		03/17/23	EUR	750.00	EUR	241		2,805
Microsoft Corp.		10		03/17/23	USD	230.00	USD	248		3,050
ServiceNow, Inc.		3		03/17/23	USD	420.00	USD	137		3,600
UnitedHealth Group, Inc.		5		03/17/23	USD	460.00	USD	250		2,075
Zscaler, Inc.		7		03/17/23	USD	100.00	USD	87		2,044
										51,412
									$	364,575

OTC Options Purchased

Description

Counterparty

Number of Contracts

Expiration Date

Exercise Price

Notional     Amount (000)

Value

Call

TOPIX Banks Index

BNP Paribas SA

47,244

07/14/23

JPY

218.87

JPY

9,545

$

2,347

TOPIX Banks Index

JPMorgan Chase Bank N.A.

31,527

07/14/23

JPY

227.60

JPY

6,369

1,063

$

3,410

5

Schedule of Investments  (unaudited) (continued) January 31, 2023 BlackRock GA Dynamic Equity Fund

Exchange-Traded Options Written

Description	Number of Contracts		Expiration Date		Exercise Price		Notional Amount (000)		Value
Call
CF Industries Holdings, Inc.		13		02/17/23	USD	130.00	USD	110	$	(65	)
Freeport-McMoRan, Inc.		40		02/17/23	USD	48.00	USD	178		(1,940	)
Humana, Inc.		4		02/17/23	USD	580.00	USD	205		(80	)
Schlumberger NV		21		02/17/23	USD	60.00	USD	120		(1,260	)
United Parcel Service, Inc., Class B		10		02/17/23	USD	200.00	USD	185		(240	)
Visa, Inc., Class A		10		02/17/23	USD	240.00	USD	230		(835	)
Abbott Laboratories		11		03/17/23	USD	120.00	USD	122		(462	)
Albemarle Corp.		6		03/17/23	USD	280.00	USD	169		(11,490	)
Alphabet Inc., Class C		36		03/17/23	USD	110.00	USD	360		(5,490	)
Alphabet Inc., Class C		23		03/17/23	USD	100.00	USD	230		(11,845	)
Alphabet Inc., Class C		11		03/17/23	USD	105.00	USD	110		(3,228	)
Amazon.com, Inc.		11		03/17/23	USD	105.00	USD	113		(6,407	)
Amazon.com, Inc.		54		03/17/23	USD	110.00	USD	557		(20,385	)
Apple, Inc.		16		03/17/23	USD	155.00	USD	231		(3,472	)
Apple, Inc.		50		03/17/23	USD	150.00	USD	721		(19,125	)
Applied Materials, Inc.		6		03/17/23	USD	125.00	USD	67		(981	)
Bank of America Corp.		23		03/17/23	USD	38.00	USD	82		(529	)
Boston Scientific Corp.		51		03/17/23	USD	50.00	USD	236		(1,785	)
Cameco Corp.		27		03/17/23	USD	28.00	USD	76		(5,022	)
Charter Communications, Inc., Class A		3		03/17/23	USD	430.00	USD	115		(1,080	)
ConocoPhillips		15		03/17/23	USD	135.00	USD	183		(2,370	)
ConocoPhillips		33		03/17/23	USD	140.00	USD	402		(2,722	)
ConocoPhillips		40		03/17/23	USD	130.00	USD	487		(11,060	)
Costco Wholesale Corp.		5		03/17/23	USD	540.00	USD	256		(3,450	)
Crowdstrike Holdings, Inc., Class A		5		03/17/23	USD	115.00	USD	53		(2,637	)
DexCom, Inc.		7		03/17/23	USD	120.00	USD	75		(1,470	)
Edwards Lifesciences Corp.		13		03/17/23	USD	85.00	USD	100		(1,560	)
Eli Lilly & Co.		1		03/17/23	USD	400.00	USD	34		(63	)
Energy Select Sector SPDR Fund		19		03/17/23	USD	95.00	USD	163		(2,916	)
EQT Corp.		25		03/17/23	USD	39.00	USD	82		(1,088	)
Exxon Mobil Corp.		3		03/17/23	USD	120.00	USD	35		(723	)
Freeport-McMoRan, Inc.		65		03/17/23	USD	55.00	USD	290		(1,300	)
Freeport-McMoRan, Inc.		22		03/17/23	USD	49.00	USD	98		(2,244	)
General Motors Co.		9		03/17/23	USD	41.00	USD	35		(1,004	)
HCA Healthcare, Inc.		6		03/17/23	USD	280.00	USD	153		(1,050	)
KLA Corp.		1		03/17/23	USD	470.00	USD	39		(108	)
LVMH Moet Hennessy Louis Vuitton SE		3		03/17/23	EUR	820.00	EUR	241		(5,903	)
LVMH Moet Hennessy Louis Vuitton SE		3		03/17/23	EUR	870.00	EUR	241		(1,634	)
LyondellBasell Industries, NV Ordinary Shares Class		33		03/17/23	USD	100.00	USD	319		(6,930	)
Micron Technology, Inc.		22		03/17/23	USD	62.50	USD	133		(5,148	)
Microsoft Corp.		15		03/17/23	USD	265.00	USD	372		(3,990	)
Microsoft Corp.		19		03/17/23	USD	260.00	USD	471		(7,457	)
Morgan Stanley		16		03/17/23	USD	105.00	USD	156		(1,000	)
NVIDIA Corp.		3		03/17/23	USD	195.00	USD	59		(4,612	)
NVIDIA Corp.		4		03/17/23	USD	200.00	USD	78		(5,170	)
Seagen, Inc.		7		03/17/23	USD	145.00	USD	98		(3,850	)
ServiceNow, Inc.		4		03/17/23	USD	490.00	USD	182		(4,860	)
ServiceNow, Inc.		3		03/17/23	USD	500.00	USD	137		(2,820	)
Thermo Fisher Scientific, Inc.		1		03/17/23	USD	610.00	USD	57		(680	)
UnitedHealth Group, Inc.		8		03/17/23	USD	540.00	USD	399		(1,768	)
Valero Energy Corp.		13		03/17/23	USD	150.00	USD	182		(3,900	)
Visa, Inc., Class A		13		03/17/23	USD	245.00	USD	299		(1,995	)
Walt Disney Co.		10		03/17/23	USD	115.00	USD	108		(2,610	)
Walt Disney Co.		13		03/17/23	USD	110.00	USD	141		(6,045	)
Wells Fargo & Co.		14		03/17/23	USD	47.50	USD	66		(1,708	)
Zscaler, Inc.		3		03/17/23	USD	140.00	USD	37		(1,628	)
Constellation Brands, Inc., Class A		7		04/21/23	USD	260.00	USD	162		(875	)
Intuit, Inc.		6		04/21/23	USD	480.00	USD	254		(5,940	)
Marathon Oil Corp.		40		04/21/23	USD	32.00	USD	110		(2,560	)
Shell PLC, ADR		55		04/21/23	USD	70.00	USD	323		(688	)
Tesla, Inc.		10		04/21/23	USD	208.33	USD	173		(9,675	)

S C H E D U L E   O F  I N V E S T M E N T S 6

Schedule of Investments  (unaudited) (continued) January 31, 2023 BlackRock GA Dynamic Equity Fund

Exchange-Traded Options Written (continued)

Description	Number of Contracts		Expiration Date		Exercise Price		Notional Amount (000)		Value
Call (continued)
ServiceNow, Inc.		3		05/19/23	USD	520.00	USD	137	$	(5,370	)
Tesla, Inc.		21		05/19/23	USD	210.00	USD	364		(24,780	)
										(255,082	)
Put
CF Industries Holdings, Inc.		13		02/17/23	USD	90.00	USD	110		(8,580	)
CF Industries Holdings, Inc.		16		02/17/23	USD	72.50	USD	136		(560	)
Northrop Grumman Corp.		3		03/03/23	USD	420.00	USD	134		(1,448	)
Alphabet Inc., Class C		35		03/17/23	USD	85.00	USD	350		(3,080	)
Amazon.com, Inc.		36		03/17/23	USD	80.00	USD	371		(2,376	)
Apple, Inc.		41		03/17/23	USD	120.00	USD	592		(2,870	)
Archer-Daniels-Midland Co.		22		03/17/23	USD	80.00	USD	182		(3,850	)
Boston Scientific Corp.		76		03/17/23	USD	40.00	USD	352		(1,330	)
ConocoPhillips		29		03/17/23	USD	100.00	USD	353		(2,204	)
Costco Wholesale Corp.		7		03/17/23	USD	425.00	USD	358		(1,047	)
Edwards Lifesciences Corp.		20		03/17/23	USD	70.00	USD	153		(2,650	)
Energy Select Sector SPDR Fund		19		03/17/23	USD	75.00	USD	163		(627	)
EQT Corp.		27		03/17/23	USD	30.00	USD	88		(3,118	)
Intuitive Surgical, Inc.		7		03/17/23	USD	220.00	USD	172		(1,610	)
LVMH Moet Hennessy Louis Vuitton SE		4		03/17/23	EUR	670.00	EUR	321		(735	)
Microsoft Corp.		8		03/17/23	USD	210.00	USD	198		(728	)
Microsoft Corp.		14		03/17/23	USD	205.00	USD	347		(959	)
Morgan Stanley		8		03/17/23	USD	90.00	USD	78		(700	)
ServiceNow, Inc.		4		03/17/23	USD	380.00	USD	182		(1,900	)
UnitedHealth Group, Inc.		7		03/17/23	USD	420.00	USD	349		(774	)
Bunge Ltd.		10		04/21/23	USD	85.00	USD	99		(1,275	)
Constellation Brands, Inc., Class A		7		04/21/23	USD	200.00	USD	162		(1,278	)
Crowdstrike Holdings, Inc., Class A		11		04/21/23	USD	70.00	USD	116		(1,155	)
Intuit, Inc.		6		04/21/23	USD	360.00	USD	254		(5,040	)
Marathon Oil Corp.		40		04/21/23	USD	21.00	USD	110		(1,400	)
Shell PLC, ADR		41		04/21/23	USD	50.00	USD	241		(1,845	)
Shell PLC, ADR		27		04/21/23	USD	52.50	USD	159		(2,025	)
Tesla, Inc.		10		04/21/23	USD	108.33	USD	173		(2,220	)
Tesla, Inc.		21		05/19/23	USD	120.00	USD	364		(10,290	)
Zscaler, Inc.		7		05/19/23	USD	80.00	USD	87		(1,351	)
										(69,025	)
									$	(324,107	)

OTC Options Written

Description	Counterparty	Number of Contracts		Expiration Date		Exercise Price			Notional Amount (000)			Value
Put
TOPIX Banks Index	BNP Paribas SA		47,244		07/14/23		JPY	175.10		JPY	9,545	$	(1,086	)
TOPIX Banks Index	JPMorgan Chase Bank N.A.		31,527		07/14/23		JPY	182.07		JPY	6,369		(1,138	)
												$	(2,224	)

OTC Total Return Swaps

Reference Entity	Payment   Frequency	Counterparty(a)	Termination Date		Net Notional			Accrued Unrealized Appreciation (Depreciation)			Net Value of Reference Entity			Gross Notional Amount Net Asset Percentage
Equity Securities Short	Monthly	JPMorgan Chase Bank N.A.(b)		02/08/23	$	(86,111	)	$	(388	)(c)	$	(86,718	)		0.1	%

^(a)  The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions.

^(c) Amount includes $219 of net dividends and financing fees.

7

Schedule of Investments  (unaudited) (continued) January 31, 2023 BlackRock GA Dynamic Equity Fund

OTC Total Return Swaps (continued)

The following are the specified benchmarks (plus or minus a range) used in determining the variable rate of interest:

	(b)
Range:	15-26 basis points
Benchmarks:	USD - 1D Overnight Bank Funding Rate (OBFR01)

The following table represents the individual short positions and related values of the equity securities underlying the total return swap with JPMorgan Chase Bank N.A. as of period end, termination date on February 8, 2023:

Security	Shares			Value			% of Basket Value
Reference Entity — Short
Common Stocks
France
Pernod Ricard SA		(238	)	$	(49,273	)		56.8	%
United Kingdom
Diageo PLC		(769	)		(33,625	)		38.8
United States
JM Smucker Co.		(25	)		(3,820	)		4.4
					(86,718	)
Net Value of Reference Entity — JPMorgan Chase Bank N.A.				$	(86,718	)

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access;

• Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Common Stocks
Australia	$	—	$	1,481,978	$	—	$	1,481,978

S C H E D U L E   O F  I N V E S T M E N T S 8

Schedule of Investments  (unaudited) (continued) January 31, 2023 BlackRock GA Dynamic Equity Fund

Fair Value Hierarchy as of Period End (continued)

	Level 1			Level 2			Level 3		Total
Common Stocks (continued)
Canada	$	2,013,741		$	—		$	—	$	2,013,741
Chile		64,571			—			—		64,571
China		—			3,558,995			—		3,558,995
France		—			6,379,934			—		6,379,934
Germany		47,412			4,683,982			—		4,731,394
Hong Kong		2,490			701,074			—		703,564
Israel		644,692			—			—		644,692
Italy		—			448,188			—		448,188
Japan		—			3,092,588			—		3,092,588
Netherlands		459,130			4,119,364			—		4,578,494
Norway		—			51,939			—		51,939
South Africa		—			236,311			—		236,311
South Korea		—			1,211,788			—		1,211,788
Spain		—			1,172,936			—		1,172,936
Switzerland		603,454			1,328,477			—		1,931,931
Taiwan		—			776,458			—		776,458
United Arab Emirates		—			—			—		—
United Kingdom		564,419			4,106,057			—		4,670,476
United States		61,799,692			—			—		61,799,692
Corporate Bonds		—			672			—		672
Investment Companies		1,267,125			—			—		1,267,125
Preferred Securities
Preferred Stocks
United States		49,014			—			—		49,014
Germany		—			296,772			—		296,772
Warrants		184			—			—		184
Short-Term Securities
Money Market Funds		7,667,733			—			—		7,667,733
Options Purchased
Equity Contracts		364,575			3,410			—		367,985
	$	75,548,232		$	33,650,923		$	—	$	109,199,155
Derivative Financial Instruments(a)
Assets
Equity Contracts	$	242,841		$	—		$	—	$	242,841
Foreign Currency Exchange Contracts		—			186,456			—		186,456
Liabilities
Equity Contracts		(324,107	)		(161,733	)		—		(485,840	)
Foreign Currency Exchange Contracts		—			(94,292	)		—		(94,292	)
	$	(81,266	)	$	(69,569	)	$	—	$	(150,835	)

^(a)  Derivative financial instruments are swaps, futures contracts, forward foreign currency exchange contracts and options written. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument and options written are shown at value.

Currency Abbreviation
AUD	Australian Dollar
CHF	Swiss Franc
EUR	Euro
JPY	Japanese Yen
USD	United States Dollar

Portfolio Abbreviation (continued)
FTSE	Financial Times Stock Exchange
MSCI	Morgan Stanley Capital International
S&P	Standard & Poor’s
SPDR	Standard & Poor’s Depository Receipt

Portfolio Abbreviation
ADR	American Depositary Receipt
ETF	Exchange-Traded Fund

9