<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0505</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001804196</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-23511</fileNumber>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-1A</investmentCompanyType>
    </filerInfo>
    <seriesClass>
      <reportSeriesClass>
        <rptSeriesClassInfo>
          <seriesId>S000085059</seriesId>
          <classInfo>
            <classId>C000249922</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000088410</seriesId>
          <classInfo>
            <classId>C000254671</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000092377</seriesId>
          <classInfo>
            <classId>C000260349</classId>
          </classInfo>
        </rptSeriesClassInfo>
        <rptSeriesClassInfo>
          <seriesId>S000094754</seriesId>
          <classInfo>
            <classId>C000263289</classId>
          </classInfo>
        </rptSeriesClassInfo>
      </reportSeriesClass>
    </seriesClass>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2025-10-31" isReportPeriodLt12="N"/>
    <registrantInfo>
      <registrantFullName>BlackRock ETF Trust II</registrantFullName>
      <investmentCompFileNo>811-23511</investmentCompFileNo>
      <registrantCik>0001804196</registrantCik>
      <registrantLei>549300PLJCTZLQ2LE832</registrantLei>
      <registrantstreet1>100 BELLEVUE PARKWAY</registrantstreet1>
      <registrantcity>WILMINGTON</registrantcity>
      <registrantzipCode>19809</registrantzipCode>
      <registrantstate>US-DE</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>800-441-7762</registrantphoneNumber>
      <websites>
        <website webpage="www.blackrock.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>BlackRock Fund Advisors</officeName>
          <officeAddress1>400 Howard Street</officeAddress1>
          <officeCity>San Francisco</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CA"/>
          <officeRecordsZipCode>94105</officeRecordsZipCode>
          <officePhone>415-670-2000</officePhone>
          <booksRecordsDesc>Records related to its functions as advisor</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>BlackRock International Limited</officeName>
          <officeAddress1>1 Semple Street</officeAddress1>
          <officeCity>Edinburgh</officeCity>
          <officeCountry>GB</officeCountry>
          <officeRecordsZipCode>EH3 8BL</officeRecordsZipCode>
          <officePhone>44 131 472 7200</officePhone>
          <booksRecordsDesc>Records related to its functions as sub-advisor</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>BlackRock Investments, LLC</officeName>
          <officeAddress1>50 Hudson Yards</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10001</officeRecordsZipCode>
          <officePhone>609-282-3046</officePhone>
          <booksRecordsDesc>Records related to its functions as distributor</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>State Street Bank and Trust Company</officeName>
          <officeAddress1>One Congress Street</officeAddress1>
          <officeAddress2>Mail Stop SUM0703</officeAddress2>
          <officeCity>Boston</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02114</officeRecordsZipCode>
          <officePhone>617-786-3000</officePhone>
          <booksRecordsDesc>Records related to its functions as administrator, accounting agent, transfer agent and custodian</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>N</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="BlackRock-advised Funds"/>
      <registrantClassificationType>N-1A</registrantClassificationType>
      <totalSeries>14</totalSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Arthur P. Steinmetz</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23380"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23584"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Catherine A. Lynch</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23380"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23584"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Cynthia L. Egan</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23380"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23584"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>J. Phillip Holloman</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>John M. Perlowski</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02354"/>
            <fileNumberInfo fileNumber="811-02405"/>
            <fileNumberInfo fileNumber="811-02661"/>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02739"/>
            <fileNumberInfo fileNumber="811-02809"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-03091"/>
            <fileNumberInfo fileNumber="811-03189"/>
            <fileNumberInfo fileNumber="811-03290"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04282"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04612"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05178"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05576"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-05723"/>
            <fileNumberInfo fileNumber="811-05742"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06669"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07171"/>
            <fileNumberInfo fileNumber="811-07177"/>
            <fileNumberInfo fileNumber="811-07332"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-07885"/>
            <fileNumberInfo fileNumber="811-07899"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08162"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-08797"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-09637"/>
            <fileNumberInfo fileNumber="811-09651"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21759"/>
            <fileNumberInfo fileNumber="811-21763"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22061"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23380"/>
            <fileNumberInfo fileNumber="811-23402"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23584"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Lorenzo A. Flores</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>R. Glenn Hubbard</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Robert Fairbairn</directorName>
          <crdNumber>004992372</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02354"/>
            <fileNumberInfo fileNumber="811-02405"/>
            <fileNumberInfo fileNumber="811-02661"/>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02739"/>
            <fileNumberInfo fileNumber="811-02809"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-03091"/>
            <fileNumberInfo fileNumber="811-03189"/>
            <fileNumberInfo fileNumber="811-03290"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04282"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04612"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05178"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05576"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-05723"/>
            <fileNumberInfo fileNumber="811-05742"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06669"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07171"/>
            <fileNumberInfo fileNumber="811-07177"/>
            <fileNumberInfo fileNumber="811-07332"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-07885"/>
            <fileNumberInfo fileNumber="811-07899"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08162"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-08797"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-09637"/>
            <fileNumberInfo fileNumber="811-09651"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21759"/>
            <fileNumberInfo fileNumber="811-21763"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22061"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23402"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Stayce D. Harris</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>W. Carl Kester</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-02688"/>
            <fileNumberInfo fileNumber="811-02857"/>
            <fileNumberInfo fileNumber="811-04264"/>
            <fileNumberInfo fileNumber="811-04375"/>
            <fileNumberInfo fileNumber="811-04802"/>
            <fileNumberInfo fileNumber="811-05542"/>
            <fileNumberInfo fileNumber="811-05603"/>
            <fileNumberInfo fileNumber="811-05611"/>
            <fileNumberInfo fileNumber="811-06414"/>
            <fileNumberInfo fileNumber="811-06500"/>
            <fileNumberInfo fileNumber="811-06540"/>
            <fileNumberInfo fileNumber="811-06660"/>
            <fileNumberInfo fileNumber="811-06728"/>
            <fileNumberInfo fileNumber="811-07080"/>
            <fileNumberInfo fileNumber="811-07136"/>
            <fileNumberInfo fileNumber="811-07354"/>
            <fileNumberInfo fileNumber="811-07478"/>
            <fileNumberInfo fileNumber="811-07642"/>
            <fileNumberInfo fileNumber="811-08081"/>
            <fileNumberInfo fileNumber="811-08217"/>
            <fileNumberInfo fileNumber="811-08573"/>
            <fileNumberInfo fileNumber="811-08603"/>
            <fileNumberInfo fileNumber="811-08621"/>
            <fileNumberInfo fileNumber="811-09191"/>
            <fileNumberInfo fileNumber="811-10331"/>
            <fileNumberInfo fileNumber="811-10337"/>
            <fileNumberInfo fileNumber="811-10339"/>
            <fileNumberInfo fileNumber="811-10543"/>
            <fileNumberInfo fileNumber="811-21053"/>
            <fileNumberInfo fileNumber="811-21126"/>
            <fileNumberInfo fileNumber="811-21178"/>
            <fileNumberInfo fileNumber="811-21318"/>
            <fileNumberInfo fileNumber="811-21348"/>
            <fileNumberInfo fileNumber="811-21349"/>
            <fileNumberInfo fileNumber="811-21413"/>
            <fileNumberInfo fileNumber="811-21457"/>
            <fileNumberInfo fileNumber="811-21506"/>
            <fileNumberInfo fileNumber="811-21566"/>
            <fileNumberInfo fileNumber="811-21656"/>
            <fileNumberInfo fileNumber="811-21702"/>
            <fileNumberInfo fileNumber="811-21729"/>
            <fileNumberInfo fileNumber="811-21784"/>
            <fileNumberInfo fileNumber="811-21835"/>
            <fileNumberInfo fileNumber="811-21972"/>
            <fileNumberInfo fileNumber="811-22032"/>
            <fileNumberInfo fileNumber="811-22426"/>
            <fileNumberInfo fileNumber="811-22501"/>
            <fileNumberInfo fileNumber="811-22603"/>
            <fileNumberInfo fileNumber="811-22606"/>
            <fileNumberInfo fileNumber="811-22774"/>
            <fileNumberInfo fileNumber="811-22991"/>
            <fileNumberInfo fileNumber="811-23339"/>
            <fileNumberInfo fileNumber="811-23340"/>
            <fileNumberInfo fileNumber="811-23341"/>
            <fileNumberInfo fileNumber="811-23343"/>
            <fileNumberInfo fileNumber="811-23344"/>
            <fileNumberInfo fileNumber="811-23345"/>
            <fileNumberInfo fileNumber="811-23346"/>
            <fileNumberInfo fileNumber="811-23380"/>
            <fileNumberInfo fileNumber="811-23428"/>
            <fileNumberInfo fileNumber="811-23466"/>
            <fileNumberInfo fileNumber="811-23564"/>
            <fileNumberInfo fileNumber="811-23584"/>
            <fileNumberInfo fileNumber="811-23621"/>
            <fileNumberInfo fileNumber="811-23625"/>
            <fileNumberInfo fileNumber="811-23626"/>
            <fileNumberInfo fileNumber="811-23701"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Aaron Wasserman</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>50 Hudson Yards</ccoStreet1>
          <ccoCity>New York</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-NY"/>
          <ccoZipCode>10001</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-25878"/>
      </releaseNumbers>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>BlackRock Investments, LLC</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-48436</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000038642</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>54930061FBHCKXL2G714</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-NY"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Deloitte &amp; Touche LLP</publicAccountantName>
          <pcaobNumber>34</pcaobNumber>
          <publicAccountantLei>254900WYZPGQGKV3RF07</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-MA"/>
        </publicAccountant>
        <publicAccountant>
          <publicAccountantName>PricewaterhouseCoopers LLP</publicAccountantName>
          <pcaobNumber>238</pcaobNumber>
          <publicAccountantLei>5493002GVO7EO8RNNS37</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-PA"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <paymentDividendSeries isPaymentDividend="Y">
        <seriesInfo seriesName="iShares High Yield Active ETF" seriesId="S000085059"/>
      </paymentDividendSeries>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>iShares Emerging Markets Bond Active ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000094754</mgmtInvSeriesId>
        <mgmtInvLei>5299001U83TKK6DTCW88</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>0</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="iShares Emerging Markets Bond Active ETF" sharesOutstandingClassId="C000263289" sharesOutstandingTickerSymbol="BREM"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>BlackRock Institutional Trust Company, National Association</securitiesAgentName>
            <securitiesAgentLei>549300RK1FB0VMTPD087</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>Y</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="BlackRock Finance, Inc." idemnityProviderLei="549300LRIF3NWCU26A80"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="BlackRock Fund Advisors" collateralManagerLei="549300YOOGP0Y1M95C20" isCollateralManagerAffliliated="Y" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Other</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <otherFeeDesc>Rebates paid to borrowers</otherFeeDesc>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>BlackRock Fund Advisors</investmentAdviserName>
            <investmentAdviserFileNo>801-22609</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000105247</investmentAdviserCrdNo>
            <investmentAdviserLei>549300YOOGP0Y1M95C20</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>State Street Bank and Trust Company</transferAgentName>
            <transferAgentFileNo>85-05003</transferAgentFileNo>
            <transferAgentLei>571474TGEMMWANRLN572</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceOther>13-3668779</pricingServiceOther>
            <pricingServiceIdNumberDesc>Tax ID</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-GA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>London Stock Exchange Group PLC</pricingServiceName>
            <pricingServiceLei>213800QAUUUP6I445N30</pricingServiceLei>
            <pricingServiceCountry>GB</pricingServiceCountry>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>S&amp;P Global Inc.</pricingServiceName>
            <pricingServiceLei>Y6X4K52KMJMZE7I7MY94</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>BNP Paribas Securities Corp.</custodianName>
            <custodianLei>RCNB6OTYUAMMP879YW96</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Euroclear Bank</custodianName>
            <custodianLei>549300OZ46BRLZ8Y6F65</custodianLei>
            <custodianCountry>BE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)</custodyType>
          </custodian>
          <custodian>
            <custodianName>RBC Capital Markets, LLC</custodianName>
            <custodianLei>549300LCO2FLSSVFFR64</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank and Trust Company (Edinburgh, GB, Branch)</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianCountry>GB</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>State Street Bank and Trust Company</adminName>
            <adminLei>571474TGEMMWANRLN572</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>BlackRock Investments, LLC</brokerDealerName>
            <brokerDealerFileNo>8-48436</brokerDealerFileNo>
            <brokerDealerCrdNo>000038642</brokerDealerCrdNo>
            <brokerDealerLei>54930061FBHCKXL2G714</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>BlackRock Execution Services</brokerDealerName>
            <brokerDealerFileNo>8-48719</brokerDealerFileNo>
            <brokerDealerCrdNo>000039438</brokerDealerCrdNo>
            <brokerDealerLei>549300HFCRQ0NT5KY652</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>HPS Securities, LLC</brokerDealerName>
            <brokerDealerFileNo>8-70910</brokerDealerFileNo>
            <brokerDealerCrdNo>000319197</brokerDealerCrdNo>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>RBC Capital Markets, LLC</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>45.50000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>45.50000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>J.P. Morgan Securities LLC</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>7050920.88000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Goldman Sachs &amp; Co. LLC</principalName>
            <principalFileNo>8-129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>3400440.32000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Jefferies LLC</principalName>
            <principalFileNo>8-15074</principalFileNo>
            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>58PU97L1C0WSRCWADL48</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2046307.27000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Citigroup Global Markets Inc.</principalName>
            <principalFileNo>8-8177</principalFileNo>
            <principalCrdNo>000007059</principalCrdNo>
            <principalLei>MBNUM2BPBDO7JBLYG310</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1649410.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BNY Capital Markets, LLC</principalName>
            <principalFileNo>8-35255</principalFileNo>
            <principalCrdNo>000017454</principalCrdNo>
            <principalLei>VJW2DOOHGDT6PR0ZRO63</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1279780.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>HSBC Securities (USA) Inc.</principalName>
            <principalFileNo>8-41562</principalFileNo>
            <principalCrdNo>000019585</principalCrdNo>
            <principalLei>CYYGQCGNHMHPSMRL3R97</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2766956.55000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Barclays Capital Inc.</principalName>
            <principalFileNo>8-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>AC28XWWI3WIBK2824319</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2582576.41000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Jane Street Execution Services, LLC</principalName>
            <principalFileNo>8-69254</principalFileNo>
            <principalCrdNo>000167280</principalCrdNo>
            <principalLei>549300HXJLXCPDWAH070</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2547539.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BofA Securities, Inc.</principalName>
            <principalFileNo>8-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>549300HN4UKV1E2R3U73</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1767750.69000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BlackRock Funds III - BlackRock Cash Funds: Treasury</principalName>
            <principalFileNo>N/A</principalFileNo>
            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>5493005PQV5UQG4OSI49</principalLei>
            <principalStateCountry principalState="US-DE" principalCountry="US"/>
            <principalTotalPurchaseSale>1740000.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>37184067.52000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>35545009.79000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>BlackRock Fund Advisors</liquidityName>
            <liquidityLei>549300YOOGP0Y1M95C20</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-CA"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Debt</assetClassType>
            <assetClassType>Derivative-foreign exchange</assetClassType>
            <assetClassType>Derivative-interest rate</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>iShares Global Government Bond USD Hedged Active ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000092377</mgmtInvSeriesId>
        <mgmtInvLei>529900L8PU1B65289D41</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>0</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="iShares Global Government Bond USD Hedged Active ETF" sharesOutstandingClassId="C000260349" sharesOutstandingTickerSymbol="GGOV"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>BlackRock Institutional Trust Company, National Association</securitiesAgentName>
            <securitiesAgentLei>549300RK1FB0VMTPD087</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>Y</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="BlackRock Finance, Inc." idemnityProviderLei="549300LRIF3NWCU26A80"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="BlackRock Fund Advisors" collateralManagerLei="549300YOOGP0Y1M95C20" isCollateralManagerAffliliated="Y" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Other</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <otherFeeDesc>Rebates paid to borrowers</otherFeeDesc>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(f)(17 CFR 270.18f-4(f))</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>BlackRock Fund Advisors</investmentAdviserName>
            <investmentAdviserFileNo>801-22609</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000105247</investmentAdviserCrdNo>
            <investmentAdviserLei>549300YOOGP0Y1M95C20</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>BlackRock International Limited</subAdviserName>
            <subAdviserFileNo>801-51087</subAdviserFileNo>
            <subAdviserCrdNo>000106843</subAdviserCrdNo>
            <subAdviserLei>5493008YUGP5E01IBD70</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>State Street Bank and Trust Company</transferAgentName>
            <transferAgentFileNo>85-05003</transferAgentFileNo>
            <transferAgentLei>571474TGEMMWANRLN572</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceOther>13-3668779</pricingServiceOther>
            <pricingServiceIdNumberDesc>Tax ID</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-GA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>London Stock Exchange Group PLC</pricingServiceName>
            <pricingServiceLei>213800QAUUUP6I445N30</pricingServiceLei>
            <pricingServiceCountry>GB</pricingServiceCountry>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>S&amp;P Global Inc.</pricingServiceName>
            <pricingServiceLei>Y6X4K52KMJMZE7I7MY94</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>AB SEB bankas</custodianName>
            <custodianLei>549300SBPFE9JX7N8J82</custodianLei>
            <custodianCountry>LT</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>AS SEB Pank</custodianName>
            <custodianLei>549300ND1MQ8SNNYMJ22</custodianLei>
            <custodianCountry>EE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>AS SEB banka</custodianName>
            <custodianLei>549300YW95G1VBBGGV07</custodianLei>
            <custodianCountry>LV</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>BANCO CITI MEXICO S.A. INSTITUCION DE BANCA MULTIPLE, GRUPO FINANCIERO CITI MEXICO</custodianName>
            <custodianLei>529900H31AYI6WA1J534</custodianLei>
            <custodianCountry>MX</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>BNP Paribas (Athens, Attica, GR, Branch)</custodianName>
            <custodianLei>R0MUWSFPU8MPRO8K5P83</custodianLei>
            <custodianCountry>GR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>BNP Paribas Securities Corp.</custodianName>
            <custodianLei>RCNB6OTYUAMMP879YW96</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Banco de Chile</custodianName>
            <custodianLei>8B4EZFY8IHJC44TT2K84</custodianLei>
            <custodianCountry>CL</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Bank Handlowy w Warszawie Spolka Akcyjna</custodianName>
            <custodianLei>XLEZHWWOI4HFQDGL4793</custodianLei>
            <custodianCountry>PL</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Bank Hapoalim B.M.</custodianName>
            <custodianLei>B6ARUI4946ST4S7WOU88</custodianLei>
            <custodianCountry>IL</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank Europe Public Limited Company</custodianName>
            <custodianLei>N1FBEDJ5J41VKZLO2475</custodianLei>
            <custodianCountry>IE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank Europe Public Limited Company (Bucharest, Bucharest, RO, Branch)</custodianName>
            <custodianLei>N1FBEDJ5J41VKZLO2475</custodianLei>
            <custodianCountry>RO</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank del Peru S.A.</custodianName>
            <custodianLei>MYTK5NHHP1G8TVFGT193</custodianLei>
            <custodianCountry>PE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch)</custodianName>
            <custodianLei>E57ODZWZ7FF32TWEFA76</custodianLei>
            <custodianCountry>BR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Citibank, National Association (Singapore, SG, Branch)</custodianName>
            <custodianLei>E57ODZWZ7FF32TWEFA76</custodianLei>
            <custodianCountry>SG</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Cititrust Colombia S A Sociedad Fiduciaria</custodianName>
            <custodianLei>549300242J3IJCOSGI49</custodianLei>
            <custodianCountry>CO</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Deutsche Bank (Malaysia) Berhad</custodianName>
            <custodianLei>529900DLWFR8HK7DR278</custodianLei>
            <custodianCountry>MY</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Deutsche Bank Aktiengesellschaft (Amsterdam, Noord Holland, NL, Branch)</custodianName>
            <custodianLei>7LTWFZYICNSX8D621K86</custodianLei>
            <custodianCountry>NL</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Deutsche Bank Aktiengesellschaft (Jakarta, Jakarta, ID, Branch)</custodianName>
            <custodianLei>7LTWFZYICNSX8D621K86</custodianLei>
            <custodianCountry>ID</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Deutsche Bank Aktiengesellschaft (Makati City, Metro Manila, PH, Branch)</custodianName>
            <custodianLei>7LTWFZYICNSX8D621K86</custodianLei>
            <custodianCountry>PH</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Euroclear Bank</custodianName>
            <custodianLei>549300OZ46BRLZ8Y6F65</custodianLei>
            <custodianCountry>BE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)</custodyType>
          </custodian>
          <custodian>
            <custodianName>FirstRand Bank Limited</custodianName>
            <custodianLei>ZAYQDKTCATIXF9OQY690</custodianLei>
            <custodianCountry>ZA</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Intesa Sanpaolo S.p.A.</custodianName>
            <custodianLei>2W8N8UU78PMDQKZENC08</custodianLei>
            <custodianCountry>IT</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Mizuho Bank, Ltd. (Minato ku, Tokyo, JP, Branch)</custodianName>
            <custodianLei>RB0PEZSDGCO3JS6CEU02</custodianLei>
            <custodianCountry>JP</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Privredna Banka Zagreb - Dionicko Drustvo</custodianName>
            <custodianLei>549300ZHFZ4CSK7VS460</custodianLei>
            <custodianCountry>HR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>RBC Capital Markets, LLC</custodianName>
            <custodianLei>549300LCO2FLSSVFFR64</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Royal Bank of Canada</custodianName>
            <custodianLei>ES7IP3U3RHIGC71XBU11</custodianLei>
            <custodianCountry>CA</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Skandinaviska Enskilda Banken AB</custodianName>
            <custodianLei>F3JS33DEI6XQ4ZBPTN86</custodianLei>
            <custodianCountry>SE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Skandinaviska Enskilda Banken AB (Copenhagen, Hovedstaden, DK, Branch)</custodianName>
            <custodianLei>F3JS33DEI6XQ4ZBPTN86</custodianLei>
            <custodianCountry>DK</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Skandinaviska Enskilda Banken AB (Helsinki, Uusimaa, FI, Branch)</custodianName>
            <custodianLei>F3JS33DEI6XQ4ZBPTN86</custodianLei>
            <custodianCountry>FI</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Skandinaviska Enskilda Banken AB (Oslo, Oslo, NO, Branch)</custodianName>
            <custodianLei>F3JS33DEI6XQ4ZBPTN86</custodianLei>
            <custodianCountry>NO</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Standard Chartered Bank (Hong Kong) Limited</custodianName>
            <custodianLei>X5AV1MBDXGRPX5UGMX13</custodianLei>
            <custodianCountry>HK</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Standard Chartered Bank (Thai) Public Company Limited</custodianName>
            <custodianLei>549300O1LQYCQ7G1IM57</custodianLei>
            <custodianCountry>TH</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank International GmbH</custodianName>
            <custodianLei>ZMHGNT7ZPKZ3UFZ8EO46</custodianLei>
            <custodianCountry>DE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank and Trust Company (Edinburgh, GB, Branch)</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianCountry>GB</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Trust Company Canada</custodianName>
            <custodianLei>549300L71XG2CTQ2V827</custodianLei>
            <custodianCountry>CA</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>The Hongkong and Shanghai Banking Corporation Limited</custodianName>
            <custodianLei>2HI3YI5320L3RW6NJ957</custodianLei>
            <custodianCountry>HK</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch)</custodianName>
            <custodianLei>2HI3YI5320L3RW6NJ957</custodianLei>
            <custodianCountry>NZ</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>The Hongkong and Shanghai Banking Corporation Limited (Jung-gu, Seoul, KR, Branch)</custodianName>
            <custodianLei>2HI3YI5320L3RW6NJ957</custodianLei>
            <custodianCountry>KR</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch)</custodianName>
            <custodianLei>2HI3YI5320L3RW6NJ957</custodianLei>
            <custodianCountry>AU</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>UBS Switzerland AG</custodianName>
            <custodianLei>549300WOIFUSNYH0FL22</custodianLei>
            <custodianCountry>CH</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>UniCredit Bank Austria AG</custodianName>
            <custodianLei>D1HEB8VEU6D9M8ZUXG17</custodianLei>
            <custodianCountry>AT</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>UniCredit Bank Czech Republic and Slovakia, a.s.</custodianName>
            <custodianLei>KR6LSKV3BTSJRD41IF75</custodianLei>
            <custodianCountry>CZ</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>UniCredit Bank Czech Republic and Slovakia, a.s. (Bratislava, Bratislavsky, SK, Branch)</custodianName>
            <custodianLei>KR6LSKV3BTSJRD41IF75</custodianLei>
            <custodianCountry>SK</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>UniCredit Bank Hungary Zrt.</custodianName>
            <custodianLei>Y28RT6GGYJ696PMW8T44</custodianLei>
            <custodianCountry>HU</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
          <custodian>
            <custodianName>UniCredit Banka Slovenija d.d.</custodianName>
            <custodianLei>549300O2UN9JLME31F08</custodianLei>
            <custodianCountry>SI</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>State Street Bank and Trust Company</adminName>
            <adminLei>571474TGEMMWANRLN572</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>BlackRock Investments, LLC</brokerDealerName>
            <brokerDealerFileNo>8-48436</brokerDealerFileNo>
            <brokerDealerCrdNo>000038642</brokerDealerCrdNo>
            <brokerDealerLei>54930061FBHCKXL2G714</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>BlackRock Execution Services</brokerDealerName>
            <brokerDealerFileNo>8-48719</brokerDealerFileNo>
            <brokerDealerCrdNo>000039438</brokerDealerCrdNo>
            <brokerDealerLei>549300HFCRQ0NT5KY652</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>HPS Securities, LLC</brokerDealerName>
            <brokerDealerFileNo>8-70910</brokerDealerFileNo>
            <brokerDealerCrdNo>000319197</brokerDealerCrdNo>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>RBC Capital Markets, LLC</brokerName>
            <brokerFileNo>8-45411</brokerFileNo>
            <brokerCrdNo>000031194</brokerCrdNo>
            <brokerLei>549300LCO2FLSSVFFR64</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4502.10000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>4502.10000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>J.P. Morgan Securities LLC</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>11966350.40000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Deutsche Bank Securities Inc.</principalName>
            <principalFileNo>8-17822</principalFileNo>
            <principalCrdNo>000002525</principalCrdNo>
            <principalLei>9J6MBOOO7BECTDTUZW19</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>3452787.73000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Nomura Securities International, Inc.</principalName>
            <principalFileNo>8-15255</principalFileNo>
            <principalCrdNo>000004297</principalCrdNo>
            <principalLei>OXTKY6Q8X53C9ILVV871</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>2839179.90000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Citigroup Global Markets Inc.</principalName>
            <principalFileNo>8-8177</principalFileNo>
            <principalCrdNo>000007059</principalCrdNo>
            <principalLei>MBNUM2BPBDO7JBLYG310</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>3152625.63000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Morgan Stanley &amp; Co. LLC</principalName>
            <principalFileNo>8-15869</principalFileNo>
            <principalCrdNo>000008209</principalCrdNo>
            <principalLei>9R7GPTSO7KV3UQJZQ078</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>5205860.65000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BNP Paribas Securities Corp.</principalName>
            <principalFileNo>8-32682</principalFileNo>
            <principalCrdNo>000015794</principalCrdNo>
            <principalLei>RCNB6OTYUAMMP879YW96</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>3166625.39000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>HSBC Securities (USA) Inc.</principalName>
            <principalFileNo>8-41562</principalFileNo>
            <principalCrdNo>000019585</principalCrdNo>
            <principalLei>CYYGQCGNHMHPSMRL3R97</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>4082095.85000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Barclays Capital Inc.</principalName>
            <principalFileNo>8-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>AC28XWWI3WIBK2824319</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>6032221.37000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>SMBC Nikko Securities America, Inc.</principalName>
            <principalFileNo>8-43852</principalFileNo>
            <principalCrdNo>000028602</principalCrdNo>
            <principalLei>6PJDTY319315T5LR2241</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>1573441.09000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BlackRock Funds III - BlackRock Cash Funds: Institutional</principalName>
            <principalFileNo>N/A</principalFileNo>
            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>549300JDHS1T46VWOG19</principalLei>
            <principalStateCountry principalState="US-CA" principalCountry="US"/>
            <principalTotalPurchaseSale>29216417.64000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>89505510.25000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>41995333.16800000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>BlackRock Fund Advisors</liquidityName>
            <liquidityLei>549300YOOGP0Y1M95C20</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-CA"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Debt</assetClassType>
            <assetClassType>Derivative-foreign exchange</assetClassType>
            <assetClassType>Derivative-interest rate</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>iShares High Yield Active ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000085059</mgmtInvSeriesId>
        <mgmtInvLei>529900FRP27WD06LWG65</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>0</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="iShares High Yield Active ETF" sharesOutstandingClassId="C000249922" sharesOutstandingTickerSymbol="BRHY"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <fundLendSecurities didFundLendSecurities="Y">
          <isFundLiquidated>N</isFundLiquidated>
          <isFundAdverselyImpacted>N</isFundAdverselyImpacted>
        </fundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>BlackRock Institutional Trust Company, National Association</securitiesAgentName>
            <securitiesAgentLei>549300RK1FB0VMTPD087</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>Y</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="BlackRock Finance, Inc." idemnityProviderLei="549300LRIF3NWCU26A80"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="BlackRock Fund Advisors" collateralManagerLei="549300YOOGP0Y1M95C20" isCollateralManagerAffliliated="Y" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Other</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <otherFeeDesc>Rebates paid to borrowers</otherFeeDesc>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>6871620.07000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>25268.00000000</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(f)(17 CFR 270.18f-4(f))</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>BlackRock Fund Advisors</investmentAdviserName>
            <investmentAdviserFileNo>801-22609</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000105247</investmentAdviserCrdNo>
            <investmentAdviserLei>549300YOOGP0Y1M95C20</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>BlackRock International Limited</subAdviserName>
            <subAdviserFileNo>801-51087</subAdviserFileNo>
            <subAdviserCrdNo>000106843</subAdviserCrdNo>
            <subAdviserLei>5493008YUGP5E01IBD70</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>State Street Bank and Trust Company</transferAgentName>
            <transferAgentFileNo>85-05003</transferAgentFileNo>
            <transferAgentLei>571474TGEMMWANRLN572</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceOther>13-3668779</pricingServiceOther>
            <pricingServiceIdNumberDesc>Tax ID</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-GA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>London Stock Exchange Group PLC</pricingServiceName>
            <pricingServiceLei>213800QAUUUP6I445N30</pricingServiceLei>
            <pricingServiceCountry>GB</pricingServiceCountry>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>S&amp;P Global Inc.</pricingServiceName>
            <pricingServiceLei>Y6X4K52KMJMZE7I7MY94</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>BNP Paribas Securities Corp.</custodianName>
            <custodianLei>RCNB6OTYUAMMP879YW96</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Euroclear Bank</custodianName>
            <custodianLei>549300OZ46BRLZ8Y6F65</custodianLei>
            <custodianCountry>BE</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Goldman Sachs &amp; Co. LLC</custodianName>
            <custodianLei>FOR8UP27PHTHYVLBNG30</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>Morgan Stanley &amp; Co. LLC</custodianName>
            <custodianLei>9R7GPTSO7KV3UQJZQ078</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank and Trust Company (Edinburgh, GB, Branch)</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianCountry>GB</custodianCountry>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>State Street Bank and Trust Company</adminName>
            <adminLei>571474TGEMMWANRLN572</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>BlackRock Investments, LLC</brokerDealerName>
            <brokerDealerFileNo>8-48436</brokerDealerFileNo>
            <brokerDealerCrdNo>000038642</brokerDealerCrdNo>
            <brokerDealerLei>54930061FBHCKXL2G714</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>BlackRock Execution Services</brokerDealerName>
            <brokerDealerFileNo>8-48719</brokerDealerFileNo>
            <brokerDealerCrdNo>000039438</brokerDealerCrdNo>
            <brokerDealerLei>549300HFCRQ0NT5KY652</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>HPS Securities, LLC</brokerDealerName>
            <brokerDealerFileNo>8-70910</brokerDealerFileNo>
            <brokerDealerCrdNo>000319197</brokerDealerCrdNo>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <brokers>
          <broker>
            <brokerName>J.P. Morgan Securities LLC</brokerName>
            <brokerFileNo>8-35008</brokerFileNo>
            <brokerCrdNo>000000079</brokerCrdNo>
            <brokerLei>ZBUT11V806EZRVTWT807</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1380.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Goldman Sachs &amp; Co. LLC</brokerName>
            <brokerFileNo>8-129</brokerFileNo>
            <brokerCrdNo>000000361</brokerCrdNo>
            <brokerLei>FOR8UP27PHTHYVLBNG30</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>17.60000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jefferies LLC</brokerName>
            <brokerFileNo>8-15074</brokerFileNo>
            <brokerCrdNo>000002347</brokerCrdNo>
            <brokerLei>58PU97L1C0WSRCWADL48</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>1.10000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Citigroup Global Markets Inc.</brokerName>
            <brokerFileNo>8-8177</brokerFileNo>
            <brokerCrdNo>000007059</brokerCrdNo>
            <brokerLei>MBNUM2BPBDO7JBLYG310</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>14.53000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Morgan Stanley &amp; Co. LLC</brokerName>
            <brokerFileNo>8-15869</brokerFileNo>
            <brokerCrdNo>000008209</brokerCrdNo>
            <brokerLei>9R7GPTSO7KV3UQJZQ078</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>258.60000000</grossCommission>
          </broker>
          <broker>
            <brokerName>TD Securities (USA) LLC</brokerName>
            <brokerFileNo>8-36747</brokerFileNo>
            <brokerCrdNo>000018476</brokerCrdNo>
            <brokerLei>SUVUFHICNZMP2WKHG940</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>7.26000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Tourmaline Partners, LLC</brokerName>
            <brokerFileNo>8-68644</brokerFileNo>
            <brokerCrdNo>000154492</brokerCrdNo>
            <brokerLei>5493002XAV50EJHN6Y32</brokerLei>
            <brokerStateCountry brokerState="US-CT" brokerCountry="US"/>
            <grossCommission>912.82000000</grossCommission>
          </broker>
          <broker>
            <brokerName>Jane Street Execution Services, LLC</brokerName>
            <brokerFileNo>8-69254</brokerFileNo>
            <brokerCrdNo>000167280</brokerCrdNo>
            <brokerLei>549300HXJLXCPDWAH070</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>760.00000000</grossCommission>
          </broker>
          <broker>
            <brokerName>BofA Securities, Inc.</brokerName>
            <brokerFileNo>8-69787</brokerFileNo>
            <brokerCrdNo>000283942</brokerCrdNo>
            <brokerLei>549300HN4UKV1E2R3U73</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>88.04000000</grossCommission>
          </broker>
        </brokers>
        <aggregateCommission>3439.95000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>J.P. Morgan Securities LLC</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>14058549.86000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Goldman Sachs &amp; Co. LLC</principalName>
            <principalFileNo>8-129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>18264233.60000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Citigroup Global Markets Inc.</principalName>
            <principalFileNo>8-8177</principalFileNo>
            <principalCrdNo>000007059</principalCrdNo>
            <principalLei>MBNUM2BPBDO7JBLYG310</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>9407025.58000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Morgan Stanley &amp; Co. LLC</principalName>
            <principalFileNo>8-15869</principalFileNo>
            <principalCrdNo>000008209</principalCrdNo>
            <principalLei>9R7GPTSO7KV3UQJZQ078</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>49799205.94000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BNY Capital Markets, LLC</principalName>
            <principalFileNo>8-35255</principalFileNo>
            <principalCrdNo>000017454</principalCrdNo>
            <principalLei>VJW2DOOHGDT6PR0ZRO63</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>4452616.04000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Barclays Capital Inc.</principalName>
            <principalFileNo>8-41342</principalFileNo>
            <principalCrdNo>000019714</principalCrdNo>
            <principalLei>AC28XWWI3WIBK2824319</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>7257662.69000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>RBC Capital Markets, LLC</principalName>
            <principalFileNo>8-45411</principalFileNo>
            <principalCrdNo>000031194</principalCrdNo>
            <principalLei>549300LCO2FLSSVFFR64</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>4314936.17000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Wells Fargo Securities, LLC</principalName>
            <principalFileNo>8-65876</principalFileNo>
            <principalCrdNo>000126292</principalCrdNo>
            <principalLei>VYVVCKR63DVZZN70PB21</principalLei>
            <principalStateCountry principalState="US-NC" principalCountry="US"/>
            <principalTotalPurchaseSale>4987155.70000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BofA Securities, Inc.</principalName>
            <principalFileNo>8-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>549300HN4UKV1E2R3U73</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>11957841.79000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BlackRock Funds III - BlackRock Cash Funds: Treasury</principalName>
            <principalFileNo>N/A</principalFileNo>
            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>5493005PQV5UQG4OSI49</principalLei>
            <principalStateCountry principalState="US-DE" principalCountry="US"/>
            <principalTotalPurchaseSale>101320000.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>251394952.73000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>89243369.82769230</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1750000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="BNP Paribas"/>
                <lineOfCreditInstitution creditInstitutionName="Banco Bilbao Vizcaya Argentaria, S.A. New York Branch"/>
                <lineOfCreditInstitution creditInstitutionName="Bank of America, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="Bank of Montreal"/>
                <lineOfCreditInstitution creditInstitutionName="Barclays Bank PLC"/>
                <lineOfCreditInstitution creditInstitutionName="Brown Brothers Harriman &amp; Co."/>
                <lineOfCreditInstitution creditInstitutionName="Citibank, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="Deutsche Bank AG New York Branch"/>
                <lineOfCreditInstitution creditInstitutionName="Goldman Sachs Bank USA"/>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="MUFG Bank, Ltd."/>
                <lineOfCreditInstitution creditInstitutionName="Mizuho Bank, Ltd."/>
                <lineOfCreditInstitution creditInstitutionName="Morgan Stanley Bank, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="Royal Bank of Canada"/>
                <lineOfCreditInstitution creditInstitutionName="Soci???t??? G???n???rale"/>
                <lineOfCreditInstitution creditInstitutionName="Standard Chartered Bank"/>
                <lineOfCreditInstitution creditInstitutionName="State Street Bank and Trust Co."/>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
                <lineOfCreditInstitution creditInstitutionName="The Northern Trust Co."/>
                <lineOfCreditInstitution creditInstitutionName="The Toronto-Dominion Bank, New York Branch"/>
                <lineOfCreditInstitution creditInstitutionName="Wells Fargo Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="Advantage CoreAlpha Bond Master Portfolio" secFileNo="811-23343"/>
                <creditUser fundName="BATS: Corporate Credit Total Return Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: High Income Municipal Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: High Income Taxable Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Interest Rate Hedge Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Mortgage Total Return Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Securitized Total Return Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Short Duration Taxable Total Return Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Short Term Municipal Income Series" secFileNo="811-21457"/>
                <creditUser fundName="BlackRock 20/80 Target Allocation Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock 40/60 Target Allocation Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock 60/40 Target Allocation ETF V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock 60/40 Target Allocation Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock 80/20 Target Allocation Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock Advantage Emerging Markets Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Advantage Global Fund, Inc." secFileNo="811-07171"/>
                <creditUser fundName="BlackRock Advantage International Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Advantage Large Cap Core Fund" secFileNo="811-09637"/>
                <creditUser fundName="BlackRock Advantage Large Cap Core Portfolio" secFileNo="811-03091"/>
                <creditUser fundName="BlackRock Advantage Large Cap Core V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Advantage Large Cap Growth Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Advantage Large Cap Value Fund" secFileNo="811-09637"/>
                <creditUser fundName="BlackRock Advantage Large Cap Value V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Advantage SMID Cap Fund, Inc." secFileNo="811-02809"/>
                <creditUser fundName="BlackRock Advantage SMID Cap V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Advantage Small Cap Core Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Advantage Small Cap Growth Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Balanced Fund, Inc." secFileNo="811-02405"/>
                <creditUser fundName="BlackRock Balanced Portfolio" secFileNo="811-03091"/>
                <creditUser fundName="BlackRock Basic Value V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock California Municipal Opportunities Fund" secFileNo="811-04264"/>
                <creditUser fundName="BlackRock Capital Appreciation Fund, Inc." secFileNo="811-06669"/>
                <creditUser fundName="BlackRock Capital Appreciation Portfolio" secFileNo="811-03091"/>
                <creditUser fundName="BlackRock Capital Appreciation V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock China A Opportunities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Commodity Strategies Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Core Bond Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Credit Relative Value Fund" secFileNo="811-23341"/>
                <creditUser fundName="BlackRock Defensive Advantage Emerging Markets Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Diversified Fixed Income Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock Dynamic High Income Portfolio" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock Emerging Markets Fund, Inc." secFileNo="811-05723"/>
                <creditUser fundName="BlackRock Emerging Markets ex-China Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Energy Opportunities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Equity Dividend Fund" secFileNo="811-05178"/>
                <creditUser fundName="BlackRock Equity Dividend V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Event Driven Equity Fund" secFileNo="811-09637"/>
                <creditUser fundName="BlackRock Exchange Portfolio" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Floating Rate Income Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Global Allocation Fund, Inc." secFileNo="811-05576"/>
                <creditUser fundName="BlackRock Global Allocation Portfolio" secFileNo="811-03091"/>
                <creditUser fundName="BlackRock Global Allocation V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Global Dividend Portfolio" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock Global Equity Market Neutral Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Health Sciences Opportunities Portfolio" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock High Equity Income Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock High Yield Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock High Yield Portfolio" secFileNo="811-23345"/>
                <creditUser fundName="BlackRock High Yield V.I. Fund" secFileNo="811-23346"/>
                <creditUser fundName="BlackRock Income Fund" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Inflation Protected Bond Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock International Fund" secFileNo="811-08797"/>
                <creditUser fundName="BlackRock International Index V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock International Select Equity Fund" secFileNo="811-04612"/>
                <creditUser fundName="BlackRock International V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Large Cap Focus Growth Fund, Inc." secFileNo="811-09651"/>
                <creditUser fundName="BlackRock Large Cap Focus Growth V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Large Cap Focus Value Fund, Inc." secFileNo="811-02739"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2030 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2035 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2040 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2045 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2050 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2055 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2060 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2065 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2070 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic Retirement Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2030 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2035 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2040 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2045 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2050 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2055 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2060 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2065 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2070 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index Retirement Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2030 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2035 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2040 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2045 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2050 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2055 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2060 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2065 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2070 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index Retirement Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock Low Duration Bond Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Managed Income Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock Managed Volatility V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Mid-Cap Growth Equity Portfolio" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Mid-Cap Value Fund" secFileNo="811-07177"/>
                <creditUser fundName="BlackRock Mortgage-Backed Securities Fund" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Multi-Asset Income Portfolio" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock National Municipal Fund" secFileNo="811-02688"/>
                <creditUser fundName="BlackRock Natural Resources Trust" secFileNo="811-04282"/>
                <creditUser fundName="BlackRock New Jersey Municipal Bond Fund" secFileNo="811-04375"/>
                <creditUser fundName="BlackRock New York Municipal Opportunities Fund" secFileNo="811-04375"/>
                <creditUser fundName="BlackRock Pennsylvania Municipal Bond Fund" secFileNo="811-04375"/>
                <creditUser fundName="BlackRock Real Estate Securities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Retirement Income 2030 Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock S&amp;P 500 Index V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Securitized Income Fund" secFileNo="811-23340"/>
                <creditUser fundName="BlackRock Short Duration Muni Fund" secFileNo="811-02688"/>
                <creditUser fundName="BlackRock Short Obligations Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Small Cap Index V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Strategic Global Bond Fund, Inc." secFileNo="811-05603"/>
                <creditUser fundName="BlackRock Strategic Income Opportunities Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Strategic Municipal Opportunities Fund" secFileNo="811-04802"/>
                <creditUser fundName="BlackRock Sustainable Aware Advantage Emerging Markets Equity Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Sustainable Aware Advantage International Equity Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Sustainable Aware Advantage Large Cap Core Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Sustainable High Yield Bond Fund" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Systematic Multi-Strategy Fund" secFileNo="811-23341"/>
                <creditUser fundName="BlackRock Tactical Opportunities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Technology Opportunities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Total Return Fund" secFileNo="811-02857"/>
                <creditUser fundName="BlackRock Total Return V.I. Fund" secFileNo="811-23346"/>
                <creditUser fundName="BlackRock U.S. Carbon Transition Readiness ETF" secFileNo="811-23402"/>
                <creditUser fundName="BlackRock U.S. Insights Long/Short Equity Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Unconstrained Equity Fund" secFileNo="811-21759"/>
                <creditUser fundName="BlackRock World ex U.S. Carbon Transition Readiness ETF" secFileNo="811-23402"/>
                <creditUser fundName="Diversified Equity Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="International Tilts Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="Large Cap Index Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="Master Small Cap Index Series" secFileNo="811-07885"/>
                <creditUser fundName="S&amp;P 500 Index Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="Total International Ex U.S. Index Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="U.S. Total Bond Index Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="iShares A.I. Innovation and Tech Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares AAA CLO Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares BBB-B CLO Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Developed Real Estate Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Enhanced Roll Yield Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Enhanced Short-Term Bond Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares FTSE NAREIT All Equity REIT Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares FinTech Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Flexible Income Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Floating Rate Loan Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Health Innovation Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares High Yield Muni Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Intermediate Muni Income Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares International Country Rotation Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares International Dividend Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Large Cap Core Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Large Cap Deep Quarterly Laddered ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Large Cap Growth Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Large Cap Moderate Quarterly Laddered ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Large Cap Value Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares MSCI EAFE International Index Fund" secFileNo="811-07899"/>
                <creditUser fundName="iShares Managed Futures Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Municipal Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Russell Mid-Cap Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Russell Small/Mid-Cap Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Short Duration High Yield Muni Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Short-Term California Muni Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Short-Term TIPS Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Technology Opportunities Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Total Return Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Total U.S. Stock Market Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Equity Factor Rotation Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares U.S. Industry Rotation Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares U.S. Intermediate Credit Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Intermediate Government Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Large Cap Premium Income Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares U.S. Long Credit Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Long Government Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Securitized Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Select Equity Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares U.S. Thematic Rotation Active ETF" secFileNo="811-23402"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>BlackRock Fund Advisors</liquidityName>
            <liquidityLei>549300YOOGP0Y1M95C20</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-CA"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Debt</assetClassType>
            <assetClassType>Derivative-credit</assetClassType>
            <assetClassType>Derivative-foreign exchange</assetClassType>
            <assetClassType>Derivative-interest rate</assetClassType>
            <assetClassType>Equity-common</assetClassType>
            <assetClassType>Equity-preferred</assetClassType>
            <assetClassType>Loan</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>iShares High Yield Muni Active ETF</mgmtInvFundName>
        <mgmtInvSeriesId>S000088410</mgmtInvSeriesId>
        <mgmtInvLei>529900RSTN1ODZCS1O82</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>0</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="iShares High Yield Muni Active ETF" sharesOutstandingClassId="C000254671" sharesOutstandingTickerSymbol="HIMU"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Exchange-Traded Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <securityLendings>
          <securityLending>
            <securitiesAgentName>BlackRock Institutional Trust Company, National Association</securitiesAgentName>
            <securitiesAgentLei>549300RK1FB0VMTPD087</securitiesAgentLei>
            <isSecuritiesAgentAffiliated>Y</isSecuritiesAgentAffiliated>
            <securityAgentIdemnity isSecurityAgentIdemnity="Y">
              <idemnityProviders>
                <idemnityProvider idemnityProviderName="BlackRock Finance, Inc." idemnityProviderLei="549300LRIF3NWCU26A80"/>
              </idemnityProviders>
              <didIndemnificationRights>N</didIndemnificationRights>
            </securityAgentIdemnity>
          </securityLending>
        </securityLendings>
        <collateralManagers>
          <collateralManager collateralManagerName="BlackRock Fund Advisors" collateralManagerLei="549300YOOGP0Y1M95C20" isCollateralManagerAffliliated="Y" isCollateralManagerAffliliatedWithFund="Y"/>
        </collateralManagers>
        <paymentToAgentManagers>
          <paymentToAgentManagerType>Cash collateral reinvestment fee</paymentToAgentManagerType>
          <paymentToAgentManagerType>Other</paymentToAgentManagerType>
          <paymentToAgentManagerType>Revenue sharing split</paymentToAgentManagerType>
          <otherFeeDesc>Rebates paid to borrowers</otherFeeDesc>
        </paymentToAgentManagers>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-8 (17 CFR 270.17a-8)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(d)(i) (17 CFR 270.18f-4(d)(i))</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4(f)(17 CFR 270.18f-4(f))</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>BlackRock Fund Advisors</investmentAdviserName>
            <investmentAdviserFileNo>801-22609</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000105247</investmentAdviserCrdNo>
            <investmentAdviserLei>549300YOOGP0Y1M95C20</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-CA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>State Street Bank and Trust Company</transferAgentName>
            <transferAgentFileNo>85-05003</transferAgentFileNo>
            <transferAgentLei>571474TGEMMWANRLN572</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceOther>13-3668779</pricingServiceOther>
            <pricingServiceIdNumberDesc>Tax ID</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-GA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>London Stock Exchange Group PLC</pricingServiceName>
            <pricingServiceLei>213800QAUUUP6I445N30</pricingServiceLei>
            <pricingServiceCountry>GB</pricingServiceCountry>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>S&amp;P Global Inc.</pricingServiceName>
            <pricingServiceLei>Y6X4K52KMJMZE7I7MY94</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>BofA Securities, Inc.</custodianName>
            <custodianLei>549300HN4UKV1E2R3U73</custodianLei>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>Y</isSubCustodian>
            <custodyType>Futures commission merchants and commodity clearing organizations - rule 17f-6 (17 CFR 270.17f-6)</custodyType>
          </custodian>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>State Street Bank and Trust Company</adminName>
            <adminLei>571474TGEMMWANRLN572</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>BlackRock Investments, LLC</brokerDealerName>
            <brokerDealerFileNo>8-48436</brokerDealerFileNo>
            <brokerDealerCrdNo>000038642</brokerDealerCrdNo>
            <brokerDealerLei>54930061FBHCKXL2G714</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>BlackRock Execution Services</brokerDealerName>
            <brokerDealerFileNo>8-48719</brokerDealerFileNo>
            <brokerDealerCrdNo>000039438</brokerDealerCrdNo>
            <brokerDealerLei>549300HFCRQ0NT5KY652</brokerDealerLei>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
          <brokerDealer>
            <brokerDealerName>HPS Securities, LLC</brokerDealerName>
            <brokerDealerFileNo>8-70910</brokerDealerFileNo>
            <brokerDealerCrdNo>000319197</brokerDealerCrdNo>
            <brokerDealerStateCountry brokerDealerState="US-NY" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <aggregateCommission>0.00000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>J.P. Morgan Securities LLC</principalName>
            <principalFileNo>8-35008</principalFileNo>
            <principalCrdNo>000000079</principalCrdNo>
            <principalLei>ZBUT11V806EZRVTWT807</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>177977703.71000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Goldman Sachs &amp; Co. LLC</principalName>
            <principalFileNo>8-129</principalFileNo>
            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>FOR8UP27PHTHYVLBNG30</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>56754090.65000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Piper Sandler &amp; Co.</principalName>
            <principalFileNo>8-15204</principalFileNo>
            <principalCrdNo>000000665</principalCrdNo>
            <principalLei>549300GRQCWQ3XGH0H10</principalLei>
            <principalStateCountry principalState="US-MN" principalCountry="US"/>
            <principalTotalPurchaseSale>63472882.35000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Jefferies LLC</principalName>
            <principalFileNo>8-15074</principalFileNo>
            <principalCrdNo>000002347</principalCrdNo>
            <principalLei>58PU97L1C0WSRCWADL48</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>167653715.03000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>FMSbonds, Inc.</principalName>
            <principalFileNo>8-23280</principalFileNo>
            <principalCrdNo>000007793</principalCrdNo>
            <principalLei>549300TUTBK58NSF2517</principalLei>
            <principalStateCountry principalState="US-FL" principalCountry="US"/>
            <principalTotalPurchaseSale>342368097.50000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Morgan Stanley &amp; Co. LLC</principalName>
            <principalFileNo>8-15869</principalFileNo>
            <principalCrdNo>000008209</principalCrdNo>
            <principalLei>9R7GPTSO7KV3UQJZQ078</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>181254892.75000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>RBC Capital Markets, LLC</principalName>
            <principalFileNo>8-45411</principalFileNo>
            <principalCrdNo>000031194</principalCrdNo>
            <principalLei>549300LCO2FLSSVFFR64</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>158970763.35000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Wells Fargo Securities, LLC</principalName>
            <principalFileNo>8-65876</principalFileNo>
            <principalCrdNo>000126292</principalCrdNo>
            <principalLei>VYVVCKR63DVZZN70PB21</principalLei>
            <principalStateCountry principalState="US-NC" principalCountry="US"/>
            <principalTotalPurchaseSale>132804271.48000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BofA Securities, Inc.</principalName>
            <principalFileNo>8-69787</principalFileNo>
            <principalCrdNo>000283942</principalCrdNo>
            <principalLei>549300HN4UKV1E2R3U73</principalLei>
            <principalStateCountry principalState="US-NY" principalCountry="US"/>
            <principalTotalPurchaseSale>295936970.34000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>BlackRock Liquidity Funds - MuniCash</principalName>
            <principalFileNo>N/A</principalFileNo>
            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>549300RWBJ885673DL84</principalLei>
            <principalStateCountry principalState="US-DE" principalCountry="US"/>
            <principalTotalPurchaseSale>1536827343.34000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>3430342170.26000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>1914476488.87222222</mnthlyAvgNetAssets>
        <lineOfCredit hasLineOfCredit="Y">
          <lineOfCreditDetails>
            <lineOfCreditDetail>
              <isCreditLineCommitted>Committed</isCreditLineCommitted>
              <lineOfCreditSize>1750000000.00000000</lineOfCreditSize>
              <lineOfCreditInstitutions>
                <lineOfCreditInstitution creditInstitutionName="BNP Paribas"/>
                <lineOfCreditInstitution creditInstitutionName="Banco Bilbao Vizcaya Argentaria, S.A. New York Branch"/>
                <lineOfCreditInstitution creditInstitutionName="Bank of America, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="Bank of Montreal"/>
                <lineOfCreditInstitution creditInstitutionName="Barclays Bank PLC"/>
                <lineOfCreditInstitution creditInstitutionName="Brown Brothers Harriman &amp; Co."/>
                <lineOfCreditInstitution creditInstitutionName="Citibank, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="Deutsche Bank AG New York Branch"/>
                <lineOfCreditInstitution creditInstitutionName="Goldman Sachs Bank USA"/>
                <lineOfCreditInstitution creditInstitutionName="JPMorgan Chase Bank, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="MUFG Bank, Ltd."/>
                <lineOfCreditInstitution creditInstitutionName="Mizuho Bank, Ltd."/>
                <lineOfCreditInstitution creditInstitutionName="Morgan Stanley Bank, N.A."/>
                <lineOfCreditInstitution creditInstitutionName="Royal Bank of Canada"/>
                <lineOfCreditInstitution creditInstitutionName="Soci???t??? G???n???rale"/>
                <lineOfCreditInstitution creditInstitutionName="Standard Chartered Bank"/>
                <lineOfCreditInstitution creditInstitutionName="State Street Bank and Trust Co."/>
                <lineOfCreditInstitution creditInstitutionName="The Bank of New York Mellon"/>
                <lineOfCreditInstitution creditInstitutionName="The Northern Trust Co."/>
                <lineOfCreditInstitution creditInstitutionName="The Toronto-Dominion Bank, New York Branch"/>
                <lineOfCreditInstitution creditInstitutionName="Wells Fargo Bank, N.A."/>
              </lineOfCreditInstitutions>
              <sharedCreditType creditType="Shared">
                <creditUser fundName="Advantage CoreAlpha Bond Master Portfolio" secFileNo="811-23343"/>
                <creditUser fundName="BATS: Corporate Credit Total Return Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: High Income Municipal Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: High Income Taxable Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Interest Rate Hedge Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Mortgage Total Return Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Securitized Total Return Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Short Duration Taxable Total Return Series" secFileNo="811-21457"/>
                <creditUser fundName="BATS: Short Term Municipal Income Series" secFileNo="811-21457"/>
                <creditUser fundName="BlackRock 20/80 Target Allocation Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock 40/60 Target Allocation Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock 60/40 Target Allocation ETF V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock 60/40 Target Allocation Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock 80/20 Target Allocation Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock Advantage Emerging Markets Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Advantage Global Fund, Inc." secFileNo="811-07171"/>
                <creditUser fundName="BlackRock Advantage International Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Advantage Large Cap Core Fund" secFileNo="811-09637"/>
                <creditUser fundName="BlackRock Advantage Large Cap Core Portfolio" secFileNo="811-03091"/>
                <creditUser fundName="BlackRock Advantage Large Cap Core V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Advantage Large Cap Growth Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Advantage Large Cap Value Fund" secFileNo="811-09637"/>
                <creditUser fundName="BlackRock Advantage Large Cap Value V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Advantage SMID Cap Fund, Inc." secFileNo="811-02809"/>
                <creditUser fundName="BlackRock Advantage SMID Cap V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Advantage Small Cap Core Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Advantage Small Cap Growth Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Balanced Fund, Inc." secFileNo="811-02405"/>
                <creditUser fundName="BlackRock Balanced Portfolio" secFileNo="811-03091"/>
                <creditUser fundName="BlackRock Basic Value V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock California Municipal Opportunities Fund" secFileNo="811-04264"/>
                <creditUser fundName="BlackRock Capital Appreciation Fund, Inc." secFileNo="811-06669"/>
                <creditUser fundName="BlackRock Capital Appreciation Portfolio" secFileNo="811-03091"/>
                <creditUser fundName="BlackRock Capital Appreciation V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock China A Opportunities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Commodity Strategies Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Core Bond Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Credit Relative Value Fund" secFileNo="811-23341"/>
                <creditUser fundName="BlackRock Defensive Advantage Emerging Markets Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Diversified Fixed Income Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock Dynamic High Income Portfolio" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock Emerging Markets Fund, Inc." secFileNo="811-05723"/>
                <creditUser fundName="BlackRock Emerging Markets ex-China Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Energy Opportunities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Equity Dividend Fund" secFileNo="811-05178"/>
                <creditUser fundName="BlackRock Equity Dividend V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Event Driven Equity Fund" secFileNo="811-09637"/>
                <creditUser fundName="BlackRock Exchange Portfolio" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Floating Rate Income Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Global Allocation Fund, Inc." secFileNo="811-05576"/>
                <creditUser fundName="BlackRock Global Allocation Portfolio" secFileNo="811-03091"/>
                <creditUser fundName="BlackRock Global Allocation V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Global Dividend Portfolio" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock Global Equity Market Neutral Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Health Sciences Opportunities Portfolio" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock High Equity Income Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock High Yield Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock High Yield Portfolio" secFileNo="811-23345"/>
                <creditUser fundName="BlackRock High Yield V.I. Fund" secFileNo="811-23346"/>
                <creditUser fundName="BlackRock Income Fund" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Inflation Protected Bond Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock International Fund" secFileNo="811-08797"/>
                <creditUser fundName="BlackRock International Index V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock International Select Equity Fund" secFileNo="811-04612"/>
                <creditUser fundName="BlackRock International V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Large Cap Focus Growth Fund, Inc." secFileNo="811-09651"/>
                <creditUser fundName="BlackRock Large Cap Focus Growth V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Large Cap Focus Value Fund, Inc." secFileNo="811-02739"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2030 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2035 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2040 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2045 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2050 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2055 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2060 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2065 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic 2070 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Dynamic Retirement Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2030 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2035 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2040 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2045 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2050 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2055 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2060 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2065 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index 2070 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath ESG Index Retirement Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2030 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2035 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2040 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2045 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2050 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2055 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2060 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2065 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index 2070 Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock LifePath Index Retirement Fund" secFileNo="811-07332"/>
                <creditUser fundName="BlackRock Low Duration Bond Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Managed Income Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock Managed Volatility V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Mid-Cap Growth Equity Portfolio" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Mid-Cap Value Fund" secFileNo="811-07177"/>
                <creditUser fundName="BlackRock Mortgage-Backed Securities Fund" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Multi-Asset Income Portfolio" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock National Municipal Fund" secFileNo="811-02688"/>
                <creditUser fundName="BlackRock Natural Resources Trust" secFileNo="811-04282"/>
                <creditUser fundName="BlackRock New Jersey Municipal Bond Fund" secFileNo="811-04375"/>
                <creditUser fundName="BlackRock New York Municipal Opportunities Fund" secFileNo="811-04375"/>
                <creditUser fundName="BlackRock Pennsylvania Municipal Bond Fund" secFileNo="811-04375"/>
                <creditUser fundName="BlackRock Real Estate Securities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Retirement Income 2030 Fund" secFileNo="811-22061"/>
                <creditUser fundName="BlackRock S&amp;P 500 Index V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Securitized Income Fund" secFileNo="811-23340"/>
                <creditUser fundName="BlackRock Short Duration Muni Fund" secFileNo="811-02688"/>
                <creditUser fundName="BlackRock Short Obligations Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Small Cap Index V.I. Fund" secFileNo="811-03290"/>
                <creditUser fundName="BlackRock Strategic Global Bond Fund, Inc." secFileNo="811-05603"/>
                <creditUser fundName="BlackRock Strategic Income Opportunities Portfolio" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Strategic Municipal Opportunities Fund" secFileNo="811-04802"/>
                <creditUser fundName="BlackRock Sustainable Aware Advantage Emerging Markets Equity Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Sustainable Aware Advantage International Equity Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Sustainable Aware Advantage Large Cap Core Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Sustainable High Yield Bond Fund" secFileNo="811-23339"/>
                <creditUser fundName="BlackRock Systematic Multi-Strategy Fund" secFileNo="811-23341"/>
                <creditUser fundName="BlackRock Tactical Opportunities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Technology Opportunities Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Total Return Fund" secFileNo="811-02857"/>
                <creditUser fundName="BlackRock Total Return V.I. Fund" secFileNo="811-23346"/>
                <creditUser fundName="BlackRock U.S. Carbon Transition Readiness ETF" secFileNo="811-23402"/>
                <creditUser fundName="BlackRock U.S. Insights Long/Short Equity Fund" secFileNo="811-05742"/>
                <creditUser fundName="BlackRock Unconstrained Equity Fund" secFileNo="811-21759"/>
                <creditUser fundName="BlackRock World ex U.S. Carbon Transition Readiness ETF" secFileNo="811-23402"/>
                <creditUser fundName="Diversified Equity Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="International Tilts Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="Large Cap Index Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="Master Small Cap Index Series" secFileNo="811-07885"/>
                <creditUser fundName="S&amp;P 500 Index Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="Total International Ex U.S. Index Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="U.S. Total Bond Index Master Portfolio" secFileNo="811-08162"/>
                <creditUser fundName="iShares A.I. Innovation and Tech Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares AAA CLO Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares BBB-B CLO Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Developed Real Estate Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Enhanced Roll Yield Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Enhanced Short-Term Bond Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares FTSE NAREIT All Equity REIT Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares FinTech Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Flexible Income Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Floating Rate Loan Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Health Innovation Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares High Yield Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Intermediate Muni Income Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares International Country Rotation Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares International Dividend Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Large Cap Core Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Large Cap Deep Quarterly Laddered ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Large Cap Growth Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Large Cap Moderate Quarterly Laddered ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Large Cap Value Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares MSCI EAFE International Index Fund" secFileNo="811-07899"/>
                <creditUser fundName="iShares Managed Futures Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Municipal Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Russell Mid-Cap Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Russell Small/Mid-Cap Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Short Duration High Yield Muni Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Short-Term California Muni Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Short-Term TIPS Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares Technology Opportunities Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares Total Return Active ETF" secFileNo="811-23511"/>
                <creditUser fundName="iShares Total U.S. Stock Market Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Equity Factor Rotation Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares U.S. Industry Rotation Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares U.S. Intermediate Credit Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Intermediate Government Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Large Cap Premium Income Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares U.S. Long Credit Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Long Government Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Securitized Bond Index Fund" secFileNo="811-05742"/>
                <creditUser fundName="iShares U.S. Select Equity Active ETF" secFileNo="811-23402"/>
                <creditUser fundName="iShares U.S. Thematic Rotation Active ETF" secFileNo="811-23402"/>
              </sharedCreditType>
              <isCreditLineUsed>N</isCreditLineUsed>
            </lineOfCreditDetail>
          </lineOfCreditDetails>
        </lineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>BlackRock Fund Advisors</liquidityName>
            <liquidityLei>549300YOOGP0Y1M95C20</liquidityLei>
            <liquidityStateCountry liquidityCountry="US" liquidityState="US-CA"/>
            <isAffiliatedPerson>Y</isAffiliatedPerson>
            <assetClassType>Debt</assetClassType>
            <assetClassType>Equity-common</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <exchangeSeriesInfo>
      <exchangeTradedFund>
        <fundName>iShares Emerging Markets Bond Active ETF</fundName>
        <etfSeriesId>S000094754</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="XNAS" fundsTickerSymbol="BREM"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="Goldman Sachs &amp; Co. LLC" authorizedParticipantFileNo="8-129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Jefferies LLC" authorizedParticipantFileNo="8-15074" authorizedParticipantCrdNo="000002347" authorizedParticipantLei="58PU97L1C0WSRCWADL48" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Nomura Securities International, Inc." authorizedParticipantFileNo="8-15255" authorizedParticipantCrdNo="000004297" authorizedParticipantLei="OXTKY6Q8X53C9ILVV871" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Morgan Stanley &amp; Co. LLC" authorizedParticipantFileNo="8-15869" authorizedParticipantCrdNo="000008209" authorizedParticipantLei="9R7GPTSO7KV3UQJZQ078" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Truist Securities, Inc." authorizedParticipantFileNo="8-17212" authorizedParticipantCrdNo="000006271" authorizedParticipantLei="CSVTK36R0PNGXEM7NS14" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Pershing LLC" authorizedParticipantFileNo="8-17574" authorizedParticipantCrdNo="000007560" authorizedParticipantLei="ZI8Q1A8EI8LQFJNM0D94" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Deutsche Bank Securities Inc." authorizedParticipantFileNo="8-17822" authorizedParticipantCrdNo="000002525" authorizedParticipantLei="9J6MBOOO7BECTDTUZW19" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="CIBC World Markets Corp." authorizedParticipantFileNo="8-18333" authorizedParticipantCrdNo="000000630" authorizedParticipantLei="549300445CON3DBMU275" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Cowen and Company, LLC" authorizedParticipantFileNo="8-22522" authorizedParticipantCrdNo="000007616" authorizedParticipantLei="SUVUFHICNZMP2WKHG940" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="UBS Securities LLC" authorizedParticipantFileNo="8-22651" authorizedParticipantCrdNo="000007654" authorizedParticipantLei="T6FIZBDPKLYJKFCRVK44" authorizedParticipantPurchaseValue="32500000.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BNP Paribas Securities Corp." authorizedParticipantFileNo="8-32682" authorizedParticipantCrdNo="000015794" authorizedParticipantLei="RCNB6OTYUAMMP879YW96" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="TD Prime Services LLC" authorizedParticipantFileNo="8-3337" authorizedParticipantCrdNo="000001914" authorizedParticipantLei="549300ZBQI1JB1844X09" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BMO Capital Markets Corp." authorizedParticipantFileNo="8-34344" authorizedParticipantCrdNo="000016686" authorizedParticipantLei="RUC0QBLBRPRCU4W1NE59" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO Clearing USA LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC/JPMC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BNY Capital Markets, LLC" authorizedParticipantFileNo="8-35255" authorizedParticipantCrdNo="000017454" authorizedParticipantLei="VJW2DOOHGDT6PR0ZRO63" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Scotia Capital (USA) Inc." authorizedParticipantFileNo="8-3716" authorizedParticipantCrdNo="000002739" authorizedParticipantLei="549300BLWPABP1VNME36" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Mizuho Securities USA LLC" authorizedParticipantFileNo="8-37710" authorizedParticipantCrdNo="000019647" authorizedParticipantLei="7TK5RJIZDFROZCA6XF66" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="National Bank of Canada Financial Inc." authorizedParticipantFileNo="8-39947" authorizedParticipantCrdNo="000022698" authorizedParticipantLei="549300K66TF1ST7A3V76" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Barclays Capital Inc." authorizedParticipantFileNo="8-41342" authorizedParticipantCrdNo="000019714" authorizedParticipantLei="AC28XWWI3WIBK2824319" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="HSBC Securities (USA) Inc." authorizedParticipantFileNo="8-41562" authorizedParticipantCrdNo="000019585" authorizedParticipantLei="CYYGQCGNHMHPSMRL3R97" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Credit Suisse Securities (USA) LLC" authorizedParticipantFileNo="8-422" authorizedParticipantCrdNo="000000816" authorizedParticipantLei="1V8Y6QCX6YMJ2OELII46" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Mirae Asset Securities (USA) Inc." authorizedParticipantFileNo="8-45034" authorizedParticipantCrdNo="000030679" authorizedParticipantLei="25490087B4GFZLJZE912" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="RBC Capital Markets, LLC" authorizedParticipantFileNo="8-45411" authorizedParticipantCrdNo="000031194" authorizedParticipantLei="549300LCO2FLSSVFFR64" authorizedParticipantPurchaseValue="2509410.85000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Cowen Execution Services LLC" authorizedParticipantFileNo="8-46838" authorizedParticipantCrdNo="000035693" authorizedParticipantLei="5493005RJDJD18OPUP27" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Macquarie Capital (USA) Inc." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Jane Street Capital, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Citadel Securities LLC" authorizedParticipantFileNo="8-53574" authorizedParticipantCrdNo="000116797" authorizedParticipantLei="12UUJYTN7D3SW8KCSG25" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="ITAU BBA USA Securities, Inc." authorizedParticipantFileNo="8-53702" authorizedParticipantCrdNo="000118817" authorizedParticipantLei="5493008E85XK12EKYI22" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Wells Fargo Securities, LLC" authorizedParticipantFileNo="8-65876" authorizedParticipantCrdNo="000126292" authorizedParticipantLei="VYVVCKR63DVZZN70PB21" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="SG Americas Securities, LLC" authorizedParticipantFileNo="8-66125" authorizedParticipantCrdNo="000128351" authorizedParticipantLei="549300F35UE0BOM1WJ55" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Virtu Americas LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="HRT Financial LP" authorizedParticipantFileNo="8-68430" authorizedParticipantCrdNo="000152144" authorizedParticipantLei="21380037YFKONTT23854" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BofA Securities, Inc." authorizedParticipantFileNo="8-69787" authorizedParticipantCrdNo="000283942" authorizedParticipantLei="549300HN4UKV1E2R3U73" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="State Street Global Markets, LLC" authorizedParticipantFileNo="8-69862" authorizedParticipantCrdNo="000285852" authorizedParticipantLei="549300FDEDF5ORXCMQ56" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Citigroup Global Markets Inc." authorizedParticipantFileNo="8-8177" authorizedParticipantCrdNo="000007059" authorizedParticipantLei="MBNUM2BPBDO7JBLYG310" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>50000.00000000</creationUnitNumOfShares>
        <averagePercentagePurchased>100.00000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.00000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.00000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.00000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>0.00000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.00000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.00000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.00000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>0.00000000</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>0.00000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>0.35000004</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>0.00000000</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>0.00000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>0.35000004</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>0.00000000</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>0.00000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>0.00000000</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>0.00000000</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>0.00000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>0.00000000</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>iShares Global Government Bond USD Hedged Active ETF</fundName>
        <etfSeriesId>S000092377</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="ARCX" fundsTickerSymbol="GGOV"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="Goldman Sachs &amp; Co. LLC" authorizedParticipantFileNo="8-129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Jefferies LLC" authorizedParticipantFileNo="8-15074" authorizedParticipantCrdNo="000002347" authorizedParticipantLei="58PU97L1C0WSRCWADL48" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Nomura Securities International, Inc." authorizedParticipantFileNo="8-15255" authorizedParticipantCrdNo="000004297" authorizedParticipantLei="OXTKY6Q8X53C9ILVV871" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Morgan Stanley &amp; Co. LLC" authorizedParticipantFileNo="8-15869" authorizedParticipantCrdNo="000008209" authorizedParticipantLei="9R7GPTSO7KV3UQJZQ078" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Truist Securities, Inc." authorizedParticipantFileNo="8-17212" authorizedParticipantCrdNo="000006271" authorizedParticipantLei="CSVTK36R0PNGXEM7NS14" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Pershing LLC" authorizedParticipantFileNo="8-17574" authorizedParticipantCrdNo="000007560" authorizedParticipantLei="ZI8Q1A8EI8LQFJNM0D94" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Deutsche Bank Securities Inc." authorizedParticipantFileNo="8-17822" authorizedParticipantCrdNo="000002525" authorizedParticipantLei="9J6MBOOO7BECTDTUZW19" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="CIBC World Markets Corp." authorizedParticipantFileNo="8-18333" authorizedParticipantCrdNo="000000630" authorizedParticipantLei="549300445CON3DBMU275" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Cowen and Company, LLC" authorizedParticipantFileNo="8-22522" authorizedParticipantCrdNo="000007616" authorizedParticipantLei="SUVUFHICNZMP2WKHG940" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="UBS Securities LLC" authorizedParticipantFileNo="8-22651" authorizedParticipantCrdNo="000007654" authorizedParticipantLei="T6FIZBDPKLYJKFCRVK44" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BNP Paribas Securities Corp." authorizedParticipantFileNo="8-32682" authorizedParticipantCrdNo="000015794" authorizedParticipantLei="RCNB6OTYUAMMP879YW96" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="TD Prime Services LLC" authorizedParticipantFileNo="8-3337" authorizedParticipantCrdNo="000001914" authorizedParticipantLei="549300ZBQI1JB1844X09" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BMO Capital Markets Corp." authorizedParticipantFileNo="8-34344" authorizedParticipantCrdNo="000016686" authorizedParticipantLei="RUC0QBLBRPRCU4W1NE59" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO Clearing USA LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC/JPMC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BNY Capital Markets, LLC" authorizedParticipantFileNo="8-35255" authorizedParticipantCrdNo="000017454" authorizedParticipantLei="VJW2DOOHGDT6PR0ZRO63" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Scotia Capital (USA) Inc." authorizedParticipantFileNo="8-3716" authorizedParticipantCrdNo="000002739" authorizedParticipantLei="549300BLWPABP1VNME36" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Mizuho Securities USA LLC" authorizedParticipantFileNo="8-37710" authorizedParticipantCrdNo="000019647" authorizedParticipantLei="7TK5RJIZDFROZCA6XF66" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="National Bank of Canada Financial Inc." authorizedParticipantFileNo="8-39947" authorizedParticipantCrdNo="000022698" authorizedParticipantLei="549300K66TF1ST7A3V76" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Barclays Capital Inc." authorizedParticipantFileNo="8-41342" authorizedParticipantCrdNo="000019714" authorizedParticipantLei="AC28XWWI3WIBK2824319" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="HSBC Securities (USA) Inc." authorizedParticipantFileNo="8-41562" authorizedParticipantCrdNo="000019585" authorizedParticipantLei="CYYGQCGNHMHPSMRL3R97" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Credit Suisse Securities (USA) LLC" authorizedParticipantFileNo="8-422" authorizedParticipantCrdNo="000000816" authorizedParticipantLei="1V8Y6QCX6YMJ2OELII46" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Mirae Asset Securities (USA) Inc." authorizedParticipantFileNo="8-45034" authorizedParticipantCrdNo="000030679" authorizedParticipantLei="25490087B4GFZLJZE912" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="RBC Capital Markets, LLC" authorizedParticipantFileNo="8-45411" authorizedParticipantCrdNo="000031194" authorizedParticipantLei="549300LCO2FLSSVFFR64" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Cowen Execution Services LLC" authorizedParticipantFileNo="8-46838" authorizedParticipantCrdNo="000035693" authorizedParticipantLei="5493005RJDJD18OPUP27" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Macquarie Capital (USA) Inc." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Jane Street Capital, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantPurchaseValue="1002315.54000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Citadel Securities LLC" authorizedParticipantFileNo="8-53574" authorizedParticipantCrdNo="000116797" authorizedParticipantLei="12UUJYTN7D3SW8KCSG25" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="ITAU BBA USA Securities, Inc." authorizedParticipantFileNo="8-53702" authorizedParticipantCrdNo="000118817" authorizedParticipantLei="5493008E85XK12EKYI22" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Wells Fargo Securities, LLC" authorizedParticipantFileNo="8-65876" authorizedParticipantCrdNo="000126292" authorizedParticipantLei="VYVVCKR63DVZZN70PB21" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="SG Americas Securities, LLC" authorizedParticipantFileNo="8-66125" authorizedParticipantCrdNo="000128351" authorizedParticipantLei="549300F35UE0BOM1WJ55" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Virtu Americas LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="HRT Financial LP" authorizedParticipantFileNo="8-68430" authorizedParticipantCrdNo="000152144" authorizedParticipantLei="21380037YFKONTT23854" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BofA Securities, Inc." authorizedParticipantFileNo="8-69787" authorizedParticipantCrdNo="000283942" authorizedParticipantLei="549300HN4UKV1E2R3U73" authorizedParticipantPurchaseValue="41001359.06000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="State Street Global Markets, LLC" authorizedParticipantFileNo="8-69862" authorizedParticipantCrdNo="000285852" authorizedParticipantLei="549300FDEDF5ORXCMQ56" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Citigroup Global Markets Inc." authorizedParticipantFileNo="8-8177" authorizedParticipantCrdNo="000007059" authorizedParticipantLei="MBNUM2BPBDO7JBLYG310" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>20000.00000000</creationUnitNumOfShares>
        <averagePercentagePurchased>100.00000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.00000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.00000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.00000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>0.00000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.00000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.00000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.00000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>0.00000000</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>0.00000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>0.10333309</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>0.00000000</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>0.00000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>0.10333309</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>0.00000000</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>0.00000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>0.00000000</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>0.00000000</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>0.00000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>0.00000000</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>iShares High Yield Active ETF</fundName>
        <etfSeriesId>S000085059</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="XNAS" fundsTickerSymbol="BRHY"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="Goldman Sachs &amp; Co. LLC" authorizedParticipantFileNo="8-129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="20458934.40000000"/>
          <authorizedParticipant authorizedParticipantName="Jefferies LLC" authorizedParticipantFileNo="8-15074" authorizedParticipantCrdNo="000002347" authorizedParticipantLei="58PU97L1C0WSRCWADL48" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Nomura Securities International, Inc." authorizedParticipantFileNo="8-15255" authorizedParticipantCrdNo="000004297" authorizedParticipantLei="OXTKY6Q8X53C9ILVV871" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Morgan Stanley &amp; Co. LLC" authorizedParticipantFileNo="8-15869" authorizedParticipantCrdNo="000008209" authorizedParticipantLei="9R7GPTSO7KV3UQJZQ078" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Truist Securities, Inc." authorizedParticipantFileNo="8-17212" authorizedParticipantCrdNo="000006271" authorizedParticipantLei="CSVTK36R0PNGXEM7NS14" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Pershing LLC" authorizedParticipantFileNo="8-17574" authorizedParticipantCrdNo="000007560" authorizedParticipantLei="ZI8Q1A8EI8LQFJNM0D94" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Deutsche Bank Securities Inc." authorizedParticipantFileNo="8-17822" authorizedParticipantCrdNo="000002525" authorizedParticipantLei="9J6MBOOO7BECTDTUZW19" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="CIBC World Markets Corp." authorizedParticipantFileNo="8-18333" authorizedParticipantCrdNo="000000630" authorizedParticipantLei="549300445CON3DBMU275" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Cowen and Company, LLC" authorizedParticipantFileNo="8-22522" authorizedParticipantCrdNo="000007616" authorizedParticipantLei="SUVUFHICNZMP2WKHG940" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="UBS Securities LLC" authorizedParticipantFileNo="8-22651" authorizedParticipantCrdNo="000007654" authorizedParticipantLei="T6FIZBDPKLYJKFCRVK44" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BNP Paribas Securities Corp." authorizedParticipantFileNo="8-32682" authorizedParticipantCrdNo="000015794" authorizedParticipantLei="RCNB6OTYUAMMP879YW96" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="TD Prime Services LLC" authorizedParticipantFileNo="8-3337" authorizedParticipantCrdNo="000001914" authorizedParticipantLei="549300ZBQI1JB1844X09" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BMO Capital Markets Corp." authorizedParticipantFileNo="8-34344" authorizedParticipantCrdNo="000016686" authorizedParticipantLei="RUC0QBLBRPRCU4W1NE59" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO Clearing USA LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC/JPMC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BNY Capital Markets, LLC" authorizedParticipantFileNo="8-35255" authorizedParticipantCrdNo="000017454" authorizedParticipantLei="VJW2DOOHGDT6PR0ZRO63" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Scotia Capital (USA) Inc." authorizedParticipantFileNo="8-3716" authorizedParticipantCrdNo="000002739" authorizedParticipantLei="549300BLWPABP1VNME36" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Mizuho Securities USA LLC" authorizedParticipantFileNo="8-37710" authorizedParticipantCrdNo="000019647" authorizedParticipantLei="7TK5RJIZDFROZCA6XF66" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="National Bank of Canada Financial Inc." authorizedParticipantFileNo="8-39947" authorizedParticipantCrdNo="000022698" authorizedParticipantLei="549300K66TF1ST7A3V76" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Barclays Capital Inc." authorizedParticipantFileNo="8-41342" authorizedParticipantCrdNo="000019714" authorizedParticipantLei="AC28XWWI3WIBK2824319" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="HSBC Securities (USA) Inc." authorizedParticipantFileNo="8-41562" authorizedParticipantCrdNo="000019585" authorizedParticipantLei="CYYGQCGNHMHPSMRL3R97" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Credit Suisse Securities (USA) LLC" authorizedParticipantFileNo="8-422" authorizedParticipantCrdNo="000000816" authorizedParticipantLei="1V8Y6QCX6YMJ2OELII46" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Mirae Asset Securities (USA) Inc." authorizedParticipantFileNo="8-45034" authorizedParticipantCrdNo="000030679" authorizedParticipantLei="25490087B4GFZLJZE912" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="RBC Capital Markets, LLC" authorizedParticipantFileNo="8-45411" authorizedParticipantCrdNo="000031194" authorizedParticipantLei="549300LCO2FLSSVFFR64" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Cowen Execution Services LLC" authorizedParticipantFileNo="8-46838" authorizedParticipantCrdNo="000035693" authorizedParticipantLei="5493005RJDJD18OPUP27" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Macquarie Capital (USA) Inc." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Jane Street Capital, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantPurchaseValue="20701116.65000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Citadel Securities LLC" authorizedParticipantFileNo="8-53574" authorizedParticipantCrdNo="000116797" authorizedParticipantLei="12UUJYTN7D3SW8KCSG25" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="ITAU BBA USA Securities, Inc." authorizedParticipantFileNo="8-53702" authorizedParticipantCrdNo="000118817" authorizedParticipantLei="5493008E85XK12EKYI22" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Wells Fargo Securities, LLC" authorizedParticipantFileNo="8-65876" authorizedParticipantCrdNo="000126292" authorizedParticipantLei="VYVVCKR63DVZZN70PB21" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="SG Americas Securities, LLC" authorizedParticipantFileNo="8-66125" authorizedParticipantCrdNo="000128351" authorizedParticipantLei="549300F35UE0BOM1WJ55" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Virtu Americas LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="HRT Financial LP" authorizedParticipantFileNo="8-68430" authorizedParticipantCrdNo="000152144" authorizedParticipantLei="21380037YFKONTT23854" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BofA Securities, Inc." authorizedParticipantFileNo="8-69787" authorizedParticipantCrdNo="000283942" authorizedParticipantLei="549300HN4UKV1E2R3U73" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="23016301.20000000"/>
          <authorizedParticipant authorizedParticipantName="State Street Global Markets, LLC" authorizedParticipantFileNo="8-69862" authorizedParticipantCrdNo="000285852" authorizedParticipantLei="549300FDEDF5ORXCMQ56" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Citigroup Global Markets Inc." authorizedParticipantFileNo="8-8177" authorizedParticipantCrdNo="000007059" authorizedParticipantLei="MBNUM2BPBDO7JBLYG310" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>50000.00000000</creationUnitNumOfShares>
        <averagePercentagePurchased>100.00000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.00000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.00000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.00000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.00000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.00000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.00000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.00000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>0.00000000</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>0.00000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>0.34999995</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>0.00000000</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>0.00000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>0.34999995</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>0.00000000</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>0.00000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>0.00000000</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>0.00000000</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>0.00000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>0.00000000</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
      <exchangeTradedFund>
        <fundName>iShares High Yield Muni Active ETF</fundName>
        <etfSeriesId>S000088410</etfSeriesId>
        <securityExchanges>
          <securityExchange fundExchange="BATS" fundsTickerSymbol="HIMU"/>
        </securityExchanges>
        <authorizedParticipants>
          <authorizedParticipant authorizedParticipantName="Goldman Sachs &amp; Co. LLC" authorizedParticipantFileNo="8-129" authorizedParticipantCrdNo="000000361" authorizedParticipantLei="FOR8UP27PHTHYVLBNG30" authorizedParticipantPurchaseValue="181764476.24000000" authorizedParticipantRedeemValue="13892653.56000000"/>
          <authorizedParticipant authorizedParticipantName="Jefferies LLC" authorizedParticipantFileNo="8-15074" authorizedParticipantCrdNo="000002347" authorizedParticipantLei="58PU97L1C0WSRCWADL48" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Nomura Securities International, Inc." authorizedParticipantFileNo="8-15255" authorizedParticipantCrdNo="000004297" authorizedParticipantLei="OXTKY6Q8X53C9ILVV871" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Morgan Stanley &amp; Co. LLC" authorizedParticipantFileNo="8-15869" authorizedParticipantCrdNo="000008209" authorizedParticipantLei="9R7GPTSO7KV3UQJZQ078" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Truist Securities, Inc." authorizedParticipantFileNo="8-17212" authorizedParticipantCrdNo="000006271" authorizedParticipantLei="CSVTK36R0PNGXEM7NS14" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Pershing LLC" authorizedParticipantFileNo="8-17574" authorizedParticipantCrdNo="000007560" authorizedParticipantLei="ZI8Q1A8EI8LQFJNM0D94" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Deutsche Bank Securities Inc." authorizedParticipantFileNo="8-17822" authorizedParticipantCrdNo="000002525" authorizedParticipantLei="9J6MBOOO7BECTDTUZW19" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="CIBC World Markets Corp." authorizedParticipantFileNo="8-18333" authorizedParticipantCrdNo="000000630" authorizedParticipantLei="549300445CON3DBMU275" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Cowen and Company, LLC" authorizedParticipantFileNo="8-22522" authorizedParticipantCrdNo="000007616" authorizedParticipantLei="SUVUFHICNZMP2WKHG940" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="UBS Securities LLC" authorizedParticipantFileNo="8-22651" authorizedParticipantCrdNo="000007654" authorizedParticipantLei="T6FIZBDPKLYJKFCRVK44" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BNP Paribas Securities Corp." authorizedParticipantFileNo="8-32682" authorizedParticipantCrdNo="000015794" authorizedParticipantLei="RCNB6OTYUAMMP879YW96" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="TD Prime Services LLC" authorizedParticipantFileNo="8-3337" authorizedParticipantCrdNo="000001914" authorizedParticipantLei="549300ZBQI1JB1844X09" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BMO Capital Markets Corp." authorizedParticipantFileNo="8-34344" authorizedParticipantCrdNo="000016686" authorizedParticipantLei="RUC0QBLBRPRCU4W1NE59" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="ABN AMRO Clearing USA LLC" authorizedParticipantFileNo="8-34354" authorizedParticipantCrdNo="000014020" authorizedParticipantLei="549300U16G4LU3V6C598" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC/JPMC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantPurchaseValue="64014420.70000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="J.P. Morgan Securities LLC" authorizedParticipantFileNo="8-35008" authorizedParticipantCrdNo="000000079" authorizedParticipantLei="ZBUT11V806EZRVTWT807" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BNY Capital Markets, LLC" authorizedParticipantFileNo="8-35255" authorizedParticipantCrdNo="000017454" authorizedParticipantLei="VJW2DOOHGDT6PR0ZRO63" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Scotia Capital (USA) Inc." authorizedParticipantFileNo="8-3716" authorizedParticipantCrdNo="000002739" authorizedParticipantLei="549300BLWPABP1VNME36" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Mizuho Securities USA LLC" authorizedParticipantFileNo="8-37710" authorizedParticipantCrdNo="000019647" authorizedParticipantLei="7TK5RJIZDFROZCA6XF66" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="National Bank of Canada Financial Inc." authorizedParticipantFileNo="8-39947" authorizedParticipantCrdNo="000022698" authorizedParticipantLei="549300K66TF1ST7A3V76" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Barclays Capital Inc." authorizedParticipantFileNo="8-41342" authorizedParticipantCrdNo="000019714" authorizedParticipantLei="AC28XWWI3WIBK2824319" authorizedParticipantPurchaseValue="2966263.92000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="HSBC Securities (USA) Inc." authorizedParticipantFileNo="8-41562" authorizedParticipantCrdNo="000019585" authorizedParticipantLei="CYYGQCGNHMHPSMRL3R97" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Credit Suisse Securities (USA) LLC" authorizedParticipantFileNo="8-422" authorizedParticipantCrdNo="000000816" authorizedParticipantLei="1V8Y6QCX6YMJ2OELII46" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Mirae Asset Securities (USA) Inc." authorizedParticipantFileNo="8-45034" authorizedParticipantCrdNo="000030679" authorizedParticipantLei="25490087B4GFZLJZE912" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="RBC Capital Markets, LLC" authorizedParticipantFileNo="8-45411" authorizedParticipantCrdNo="000031194" authorizedParticipantLei="549300LCO2FLSSVFFR64" authorizedParticipantPurchaseValue="8573906.66000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Cowen Execution Services LLC" authorizedParticipantFileNo="8-46838" authorizedParticipantCrdNo="000035693" authorizedParticipantLei="5493005RJDJD18OPUP27" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Macquarie Capital (USA) Inc." authorizedParticipantFileNo="8-47198" authorizedParticipantCrdNo="000036368" authorizedParticipantLei="549300670K07JRB5UQ40" authorizedParticipantPurchaseValue="72743498.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Jane Street Capital, LLC" authorizedParticipantFileNo="8-52275" authorizedParticipantCrdNo="000103782" authorizedParticipantLei="549300ZM16HMPEPNV857" authorizedParticipantPurchaseValue="276919385.28000000" authorizedParticipantRedeemValue="25812246.28000000"/>
          <authorizedParticipant authorizedParticipantName="Citadel Securities LLC" authorizedParticipantFileNo="8-53574" authorizedParticipantCrdNo="000116797" authorizedParticipantLei="12UUJYTN7D3SW8KCSG25" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="ITAU BBA USA Securities, Inc." authorizedParticipantFileNo="8-53702" authorizedParticipantCrdNo="000118817" authorizedParticipantLei="5493008E85XK12EKYI22" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Wells Fargo Securities, LLC" authorizedParticipantFileNo="8-65876" authorizedParticipantCrdNo="000126292" authorizedParticipantLei="VYVVCKR63DVZZN70PB21" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="SG Americas Securities, LLC" authorizedParticipantFileNo="8-66125" authorizedParticipantCrdNo="000128351" authorizedParticipantLei="549300F35UE0BOM1WJ55" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Virtu Americas LLC" authorizedParticipantFileNo="8-68193" authorizedParticipantCrdNo="000149823" authorizedParticipantLei="549300RA02N3BNSWBV74" authorizedParticipantPurchaseValue="83666807.60000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="HRT Financial LP" authorizedParticipantFileNo="8-68430" authorizedParticipantCrdNo="000152144" authorizedParticipantLei="21380037YFKONTT23854" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="BofA Securities, Inc." authorizedParticipantFileNo="8-69787" authorizedParticipantCrdNo="000283942" authorizedParticipantLei="549300HN4UKV1E2R3U73" authorizedParticipantPurchaseValue="89783688.84000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="State Street Global Markets, LLC" authorizedParticipantFileNo="8-69862" authorizedParticipantCrdNo="000285852" authorizedParticipantLei="549300FDEDF5ORXCMQ56" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
          <authorizedParticipant authorizedParticipantName="Citigroup Global Markets Inc." authorizedParticipantFileNo="8-8177" authorizedParticipantCrdNo="000007059" authorizedParticipantLei="MBNUM2BPBDO7JBLYG310" authorizedParticipantPurchaseValue="0.00000000" authorizedParticipantRedeemValue="0.00000000"/>
        </authorizedParticipants>
        <isCollateralRequired>N</isCollateralRequired>
        <creationUnitNumOfShares>20000.00000000</creationUnitNumOfShares>
        <averagePercentagePurchased>100.00000000</averagePercentagePurchased>
        <standardDeviationPurchased>0.00000000</standardDeviationPurchased>
        <creationUnitPurchasedInKind>0.00000000</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>0.00000000</creationUnitPurchasedSDInKind>
        <averagePercentageRedeemed>100.00000000</averagePercentageRedeemed>
        <percentSDRedeemed>0.00000000</percentSDRedeemed>
        <creationUnitPercentageRedeemedInKind>0.00000000</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>0.00000000</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>0.00000000</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>0.00000000</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>0.41415095</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>0.00000000</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>0.00000000</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>0.41415095</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>0.00000000</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>0.00000000</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>0.01249997</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>0.00000000</purchaseCreationUnitCashPerUnit>
        <purchaseCreationUnitCashPerMoreUnits>0.00000000</purchaseCreationUnitCashPerMoreUnits>
        <purchaseCreationUnitCashPercentagePerUnit>0.01249997</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>N</isInKindETF>
      </exchangeTradedFund>
    </exchangeSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="BlackRock ETF Trust II" signedDate="2026-01-12" signature="Chuck Pulsfort" title="Assistant Treasurer"/>
  </formData>
</edgarSubmission>
