NPORT-EX 2 9.30_BLK_Sus_Bal_P_Pt_F.htm 9.30 SUS BAL PT PT F
Schedule
of
Investments
(unaudited)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Asset-Backed
Securities
ACE
Securities
Corp.
Home
Equity
Loan
Trust,
Series
2007-HE4,
Class
A2A,
(1-mo.
CME
Term
SOFR
+
0.37%),
5.69%,
05/25/37
(a)
.
USD
43
$
7,328
Argent
Mortgage
Loan
Trust,
Series
2005-W1,
Class
A2,
(1-mo.
CME
Term
SOFR
at
0.24%
Floor
+
0.59%),
5.91%,
05/25/35
(a)
.....
50
43,858
BCMSC
Trust
(a)
Series
2000-A,
Class
A3,
7.83%,
06/15/30
49
5,981
Series
2000-A,
Class
A4,
8.29%,
06/15/30
35
4,557
Bear
Stearns
Asset-Backed
Securities
I
Trust
(a)
Series
2004-HE7,
Class
M2,
(1-mo.
CME
Term
SOFR
+
1.84%),
7.16%,
08/25/34
—
(b)
367
Series
2007-HE2,
Class
22A,
(1-mo.
CME
Term
SOFR
+
0.25%),
5.57%,
03/25/37
11
9,646
Series
2007-HE2,
Class
23A,
(1-mo.
CME
Term
SOFR
+
0.25%),
5.57%,
03/25/37
16
14,045
Series
2007-HE3,
Class
1A3,
(1-mo.
CME
Term
SOFR
+
0.36%),
5.68%,
04/25/37
30
43,526
Carrington
Mortgage
Loan
Trust,
Series
2006-
NC4,
Class
A3,
(1-mo.
CME
Term
SOFR
at
0.16%
Floor
and
12.50%
Cap
+
0.27%),
5.59%,
10/25/36
(a)
................
27
26,239
Citigroup
Mortgage
Loan
Trust
(a)
Series
2007-AHL2,
Class
A3B,
(1-mo.
CME
Term
SOFR
at
0.20%
Floor
+
0.31%),
5.63%,
05/25/37
...............
136
87,440
Series
2007-AHL2,
Class
A3C,
(1-mo.
CME
Term
SOFR
at
0.27%
Floor
+
0.38%),
5.70%,
05/25/37
...............
62
39,653
Conseco
Finance
Securitizations
Corp.,
Series
2000-5,
Class
A6,
7.96%,
05/01/31
.....
36
10,165
Countrywide
Asset-Backed
Certificates,
Series
2006-SPS1,
Class
A,
(1-mo.
CME
Term
SOFR
+
0.33%),
5.65%,
12/25/25
(a)
....
—
(b)
583
Credit
Suisse
First
Boston
Mortgage
Securities
Corp.,
Series
2001-MH29,
Class
B1,
8.10%,
09/25/31
(a)
.....................
11
11,165
CWHEQ
Home
Equity
Loan
Trust
Series
2006-S3,
Class
A4,
5.56%,
01/25/29
(c)
...................
1
1,971
Series
2006-S5,
Class
A5,
6.16%,
06/25/35
2
1,964
CWHEQ
Revolving
Home
Equity
Loan
Resuritization
Trust
(a)(d)
Series
2006-RES,
Class
4Q1B,
(1-mo.
CME
Term
SOFR
at
16.00%
Cap
+
0.41%),
5.75%,
12/15/33
...............
2
1,943
Series
2006-RES,
Class
5B1A,
(1-mo.
CME
Term
SOFR
at
16.00%
Cap
+
0.30%),
5.64%,
05/15/35
...............
2
1,772
CWHEQ
Revolving
Home
Equity
Loan
Trust
(a)
Series
2005-B,
Class
2A,
(1-mo.
CME
Term
SOFR
at
16.00%
Cap
+
0.29%),
5.63%,
05/15/35
....................
3
2,529
Series
2006-H,
Class
1A,
(1-mo.
CME
Term
SOFR
at
16.00%
Cap
+
0.26%),
5.60%,
11/15/36
....................
5
5,328
First
Franklin
Mortgage
Loan
Trust,
Series
2006-FFH1,
Class
M2,
(1-mo.
CME
Term
SOFR
at
0.40%
Floor
+
0.71%),
6.03%,
01/25/36
(a)
.....................
41
34,940
GSAMP
Trust
(a)
Series
2007-H1,
Class
A1B,
(1-mo.
CME
Term
SOFR
at
0.20%
Floor
+
0.51%),
5.83%,
01/25/47
...............
21
10,404
Security
Par
(000)
Par
(000)
Value
Asset-Backed
Securities
(continued)
Series
2007-HS1,
Class
M6,
(1-mo.
CME
Term
SOFR
at
2.25%
Floor
+
3.49%),
8.81%,
02/25/47
...............
USD
25
$
23,237
Home
Equity
Asset
Trust,
Series
2007-1,
Class
2A3,
(1-mo.
CME
Term
SOFR
+
0.41%),
5.73%,
05/25/37
(a)
................
29
21,939
IXIS
Real
Estate
Capital
Trust,
Series
2007-
HE1,
Class
A4,
(1-mo.
CME
Term
SOFR
at
0.23%
Floor
+
0.34%),
5.66%,
05/25/37
(a)
612
144,656
Lehman
ABS
Manufactured
Housing
Contract
Trust
Series
2001-B,
Class
M1,
6.63%,
04/15/40
(a)
40
40,155
Series
2002-A,
Class
C,
0.00%,
06/15/33
4
3,240
Long
Beach
Mortgage
Loan
Trust
(a)
Series
2006-5,
Class
2A3,
(1-mo.
CME
Term
SOFR
at
0.30%
Floor
+
0.41%),
5.73%,
06/25/36
....................
20
9,479
Series
2006-7,
Class
2A3,
(1-mo.
CME
Term
SOFR
at
0.16%
Floor
+
0.43%),
5.75%,
08/25/36
....................
13
4,921
Merrill
Lynch
First
Franklin
Mortgage
Loan
Trust,
Series
2007-2,
Class
A2C,
(1-mo.
CME
Term
SOFR
+
0.59%),
5.91%,
05/25/37
(a)
.....................
17
12,456
Morgan
Stanley
ABS
Capital
I,
Inc.
Trust,
Series
2005-HE1,
Class
A2MZ,
(1-mo.
CME
Term
SOFR
at
0.30%
Floor
+
0.71%),
6.03%,
12/25/34
(a)
................
78
68,924
Oakwood
Mortgage
Investors,
Inc.,
Series
2001-D,
Class
A4,
6.93%,
09/15/31
(a)
...
8
4,213
Option
One
Mortgage
Loan
Trust
Series
2007-CP1,
Class
2A3,
(1-mo.
CME
Term
SOFR
at
0.21%
Floor
+
0.32%),
5.64%,
03/25/37
(a)
..............
40
31,906
Series
2007-FXD1,
Class
2A1,
5.87%,
01/25/37
(c)
...................
30
23,508
Series
2007-FXD2,
Class
1A1,
5.82%,
03/25/37
(c)
...................
33
28,165
Origen
Manufactured
Housing
Contract
Trust,
Series
2007-B,
Class
A1,
(1-mo.
LIBOR
USD
at
1.20%
Floor
and
18.00%
Cap
+
1.20%),
6.65%,
10/15/37
(a)
(d)
.........
8
7,616
Ownit
Mortgage
Loan
Trust,
Series
2006-2,
Class
A2C,
6.50%,
01/25/37
(c)
........
25
21,213
SG
Mortgage
Securities
Trust,
Series
2006-
FRE2,
Class
A2C,
(1-mo.
CME
Term
SOFR
at
0.16%
Floor
+
0.43%),
5.75%,
07/25/36
(a)
16
3,192
Total
Asset-Backed
Securities
—
0
.2
%
(Cost:
$
1,077,107
)
..............................
814,224
Shares
Shares
Common
Stocks
Aerospace
&
Defense
—
0.2%
BAE
Systems
plc
...................
12,337
149,917
Embraer
SA
(e)
.....................
4,605
15,812
Saab
AB,
Class
B
..................
7,358
374,490
Textron,
Inc.
......................
84
6,564
Thales
SA
........................
1,261
177,225
724,008
Air
Freight
&
Logistics
—
0.1%
CJ
Logistics
Corp.
..................
3,297
197,360
FedEx
Corp.
......................
265
70,204
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Air
Freight
&
Logistics
(continued)
Nippon
Express
Holdings,
Inc.
..........
2,600
$
135,667
403,231
Automobile
Components
—
0.1%
Apollo
Tyres
Ltd.
...................
2,766
12,257
Fuyao
Glass
Industry
Group
Co.
Ltd.,
Class
H
(d)
(f)
.........................
13,200
60,381
Hankook
Tire
&
Technology
Co.
Ltd.
......
1,543
45,134
HL
Mando
Co.
Ltd.
..................
1,832
57,016
Hyundai
Mobis
Co.
Ltd.
...............
215
38,265
Lear
Corp.
.......................
960
128,832
Valeo
SE
........................
1,631
27,988
Visteon
Corp.
(e)
....................
37
5,109
374,982
Automobiles
—
2.1%
BYD
Co.
Ltd.,
Class
A
................
54,800
1,793,767
BYD
Co.
Ltd.,
Class
H
...............
2,000
61,621
Ford
Motor
Co.
....................
41,593
516,585
General
Motors
Co.
.................
60,463
1,993,465
Mercedes-Benz
Group
AG
.............
28,715
1,998,471
Tata
Motors
Ltd.
....................
1,021
7,723
Tesla,
Inc.
(e)
.......................
9,707
2,428,885
8,800,517
Banks
—
3.7%
ABN
AMRO
Bank
NV,
CVA
(d)
(f)
..........
5,704
80,612
AU
Small
Finance
Bank
Ltd.
(d)
(f)
.........
719
6,154
Banco
Bilbao
Vizcaya
Argentaria
SA
......
113,564
919,065
Banco
Bradesco
SA
.................
3,121
7,842
Banco
do
Brasil
SA
.................
1,811
17,024
Bancolombia
SA
...................
4,068
30,998
Bank
Hapoalim
BM
.................
4,609
41,064
Bank
of
America
Corp.
...............
93,708
2,565,725
Bank
of
Nova
Scotia
(The)
(g)
...........
3,039
136,215
Bank
Polska
Kasa
Opieki
SA
...........
4,536
104,309
BAWAG
Group
AG
(d)
(f)
................
6,136
280,452
Canadian
Imperial
Bank
of
Commerce
....
4,551
175,674
China
Merchants
Bank
Co.
Ltd.,
Class
H
...
51,000
211,732
Citigroup,
Inc.
.....................
24,260
997,814
Commonwealth
Bank
of
Australia
........
166
10,603
DBS
Group
Holdings
Ltd.
.............
7,000
171,918
DNB
Bank
ASA
....................
58,607
1,177,519
Erste
Group
Bank
AG
................
1,558
53,808
Grupo
Financiero
Banorte
SAB
de
CV,
Class
O
33,791
283,222
HDFC
Bank
Ltd.
...................
13,343
244,709
ICICI
Bank
Ltd.
....................
3,196
36,616
IndusInd
Bank
Ltd.
..................
4,995
85,627
ING
Groep
NV
.....................
151,085
1,991,311
Israel
Discount
Bank
Ltd.,
Class
A
.......
1,961
10,629
JPMorgan
Chase
&
Co.
..............
2,039
295,696
KakaoBank
Corp.
..................
294
5,088
KBC
Group
NV
....................
228
14,195
Mediobanca
Banca
di
Credito
Finanziario
SpA
12,909
170,194
Mitsubishi
UFJ
Financial
Group,
Inc.
......
89,300
756,742
Mizuho
Financial
Group,
Inc.
...........
44,900
762,310
National
Australia
Bank
Ltd.
............
34,540
641,213
Societe
Generale
SA
................
21,566
521,846
Standard
Chartered
plc
...............
5,429
49,933
State
Bank
of
India
..................
1,666
11,967
Swedbank
AB,
Class
A
...............
84,800
1,558,743
UniCredit
SpA
.....................
22,959
547,030
Wells
Fargo
&
Co.
..................
2,562
104,683
Westpac
Banking
Corp.
..............
9,802
132,499
15,212,781
Security
Shares
Shares
Value
Beverages
—
1.5%
Ambev
SA
.......................
108,782
$
283,936
Anadolu
Efes
Biracilik
ve
Malt
Sanayii
A/S,
Class
A
.......................
24,240
93,447
Arca
Continental
SAB
de
CV
...........
3,350
30,519
China
Resources
Beer
Holdings
Co.
Ltd.
...
4,000
21,850
Coca-Cola
Co.
(The)
................
41,694
2,334,030
Coca-Cola
Femsa
SAB
de
CV
..........
14,835
115,871
Coca-Cola
Icecek
A/S
................
598
8,603
Kirin
Holdings
Co.
Ltd.
...............
38,400
537,617
Molson
Coors
Beverage
Co.,
Class
B
.....
1,684
107,085
PepsiCo,
Inc.
.....................
13,968
2,366,738
Pernod
Ricard
SA
..................
2,983
496,640
Tsingtao
Brewery
Co.
Ltd.,
Class
H
.......
2,000
16,286
6,412,622
Biotechnology
—
0.9%
AbbVie,
Inc.
......................
7,752
1,155,513
Alkermes
plc
(e)
.....................
283
7,927
Amgen,
Inc.
......................
2,543
683,457
BeiGene
Ltd.
(e)
....................
900
12,417
Biogen,
Inc.
(e)
.....................
87
22,360
BioMarin
Pharmaceutical,
Inc.
(e)
.........
631
55,831
Celltrion,
Inc.
......................
427
44,061
CSL
Ltd.
.........................
1,182
190,424
Genmab
A/S
(e)
.....................
600
212,430
Gilead
Sciences,
Inc.
................
3,209
240,482
Incyte
Corp.
(e)
.....................
2,784
160,832
Innovent
Biologics,
Inc.
(d)
(e)
(f)
............
26,000
126,289
Moderna,
Inc.
(e)
....................
125
12,911
Neurocrine
Biosciences,
Inc.
(e)
..........
1,415
159,188
Regeneron
Pharmaceuticals,
Inc.
(e)
.......
275
226,314
Shanghai
Junshi
Biosciences
Co.
Ltd.,
Class
H
(d)
(e)
(f)
........................
12,600
28,058
Vertex
Pharmaceuticals,
Inc.
(e)
..........
1,195
415,549
3,754,043
Broadline
Retail
—
2.4%
Alibaba
Group
Holding
Ltd.
(e)
...........
83,400
904,238
Amazon.com,
Inc.
(e)
.................
50,474
6,416,255
eBay,
Inc.
........................
44,690
1,970,382
Etsy,
Inc.
(e)
.......................
4,872
314,634
JD.com,
Inc.,
Class
A
................
8,850
128,757
MercadoLibre,
Inc.
(e)
.................
27
34,233
Pan
Pacific
International
Holdings
Corp.
...
300
6,296
Poya
International
Co.
Ltd.
............
1,010
15,090
Shinsegae,
Inc.
....................
196
27,576
9,817,461
Building
Products
—
0.1%
Johnson
Controls
International
plc
.......
1,074
57,147
Owens
Corning
....................
453
61,794
Trane
Technologies
plc
...............
2,380
482,926
601,867
Capital
Markets
—
1.5%
Bank
of
New
York
Mellon
Corp.
(The)
.....
8,322
354,933
Deutsche
Bank
AG
(Registered)
.........
9,614
105,661
Macquarie
Group
Ltd.
................
10,750
1,151,197
Moody's
Corp.
.....................
6,330
2,001,356
MSCI,
Inc.
(g)
......................
385
197,536
Nasdaq,
Inc.
......................
748
36,346
S&P
Global,
Inc.
...................
6,088
2,224,616
XP,
Inc.,
Class
A
...................
4,424
101,973
6,173,618
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
4
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Chemicals
—
0.6%
Asian
Paints
Ltd.
...................
2,156
$
81,946
BASF
SE
........................
4,777
216,231
Croda
International
plc
...............
469
28,014
DuPont
de
Nemours,
Inc.
.............
1,252
93,387
Ecolab,
Inc.
......................
534
90,460
Jinan
Acetate
Chemical
Co.
Ltd.
.........
2,090
71,557
KCC
Corp.
.......................
276
50,328
Lanxess
AG
......................
200
5,056
LG
Chem
Ltd.
.....................
857
313,779
Nitto
Denko
Corp.
..................
1,200
78,690
Novozymes
A/S,
Class
B
..............
13,531
544,418
RPM
International,
Inc.
...............
153
14,506
Shanghai
Putailai
New
Energy
Technology
Co.
Ltd.,
Class
A
....................
28,430
114,315
Sherwin-Williams
Co.
(The)
............
786
200,469
Solvay
SA
........................
1,998
220,798
Sumitomo
Chemical
Co.
Ltd.
...........
74,100
201,546
Supreme
Industries
Ltd.
..............
241
11,961
2,337,461
Commercial
Services
&
Supplies
—
0.2%
Republic
Services,
Inc.
...............
2,169
309,104
Tetra
Tech,
Inc.
....................
2,223
337,963
647,067
Communications
Equipment
—
0.3%
Accton
Technology
Corp.
.............
2,000
30,684
Arcadyan
Technology
Corp.
............
7,000
35,173
BYD
Electronic
International
Co.
Ltd.
......
5,000
22,715
Cisco
Systems,
Inc.
.................
12,034
646,948
Zhongji
Innolight
Co.
Ltd.,
Class
A
.......
4,400
70,307
ZTE
Corp.,
Class
A
.................
70,100
315,047
1,120,874
Construction
&
Engineering
—
0.8%
AECOM
.........................
19,329
1,605,080
Daewoo
Engineering
&
Construction
Co.
Ltd.
(e)
10,563
32,888
Eiffage
SA
.......................
1,137
107,921
EMCOR
Group,
Inc.
.................
3,248
683,347
JGC
Holdings
Corp.
.................
1,700
23,621
Samsung
Engineering
Co.
Ltd.
(e)
.........
1,768
39,563
Stantec,
Inc.
......................
12,293
797,631
Worley
Ltd.
.......................
5,658
62,820
3,352,871
Consumer
Finance
—
0.4%
American
Express
Co.
...............
8,719
1,300,788
Bajaj
Finance
Ltd.
..................
175
16,415
Lufax
Holding
Ltd.,
ADR
..............
2,005
2,125
Synchrony
Financial
.................
16,377
500,645
1,819,973
Consumer
Staples
Distribution
&
Retail
—
1.5%
Aeon
Co.
Ltd.
.....................
800
15,846
Avenue
Supermarts
Ltd.
(d)
(e)
(f)
...........
144
6,360
BIM
Birlesik
Magazalar
A/S
............
7,506
75,090
Cia
Brasileira
de
Distribuicao
(e)
..........
9,257
6,501
Empire
Co.
Ltd.,
Class
A
..............
3,077
83,707
Kroger
Co.
(The)
...................
7,266
325,153
Lawson,
Inc.
......................
13,900
639,021
Metro,
Inc.
.......................
2,917
151,493
Migros
Ticaret
A/S,
Class
A
............
27,190
362,157
Shoprite
Holdings
Ltd.
...............
3,282
41,574
Sysco
Corp.
......................
549
36,261
Target
Corp.
......................
5,545
613,111
Tesco
plc
........................
56,663
182,256
Tsuruha
Holdings,
Inc.
...............
10,900
732,158
Security
Shares
Shares
Value
Consumer
Staples
Distribution
&
Retail
(continued)
Wal-Mart
de
Mexico
SAB
de
CV
.........
1,455
$
5,492
Walmart,
Inc.
......................
17,592
2,813,489
Woolworths
Group
Ltd.
...............
533
12,761
6,102,430
Containers
&
Packaging
—
0.0%
AptarGroup,
Inc.
...................
1,027
128,416
Diversified
Consumer
Services
—
0.0%
New
Oriental
Education
&
Technology
Group,
Inc.
(e)
.........................
5,100
30,182
Service
Corp.
International
............
171
9,771
YDUQS
Participacoes
SA
.............
10,277
40,502
80,455
Diversified
Telecommunication
Services
—
0.2%
Deutsche
Telekom
AG
(Registered)
......
21,775
456,770
Koninklijke
KPN
NV
.................
20,120
66,289
Nippon
Telegraph
&
Telephone
Corp.
.....
427,700
506,241
Tata
Communications
Ltd.
.............
305
7,087
1,036,387
Electric
Utilities
—
0.6%
Acciona
SA
.......................
938
119,459
Centrais
Eletricas
Brasileiras
SA
.........
1,288
9,425
CPFL
Energia
SA
...................
27,434
184,638
Enel
SpA
........................
253,110
1,552,259
Energisa
SA
......................
2,497
23,268
Iberdrola
SA
......................
16,115
180,237
NextEra
Energy,
Inc.
................
2,325
133,199
Orsted
A/S
(d)
(f)
.....................
261
14,199
SSE
plc
.........................
3,363
65,903
Terna
-
Rete
Elettrica
Nazionale
.........
2,947
22,166
2,304,753
Electrical
Equipment
—
0.7%
ABB
Ltd.
(Registered)
................
53,706
1,916,940
Bizlink
Holding,
Inc.
.................
14,805
124,175
Contemporary
Amperex
Technology
Co.
Ltd.,
Class
A
.......................
9,960
278,471
Legrand
SA
......................
166
15,253
Nordex
SE
(e)
......................
8,291
101,724
Schneider
Electric
SE
................
1,353
222,964
Shenzhen
Kstar
Science
&
Technology
Co.
Ltd.,
Class
A
....................
1,500
5,919
Signify
NV
(d)
(f)
.....................
4,829
129,575
Sungrow
Power
Supply
Co.
Ltd.,
Class
A
...
2,100
25,766
Sunwoda
Electronic
Co.
Ltd.,
Class
A
.....
10,000
23,235
Vestas
Wind
Systems
A/S
(e)
............
966
20,666
2,864,688
Electronic
Equipment,
Instruments
&
Components
—
0.4%
Chroma
ATE,
Inc.
...................
30,000
257,273
Delta
Electronics,
Inc.
................
42,000
423,020
FLEXium
Interconnect,
Inc.
............
39,000
106,444
Keysight
Technologies,
Inc.
(e)
...........
3,253
430,404
KH
Vatec
Co.
Ltd.
..................
641
6,902
Omron
Corp.
......................
2,600
115,704
Shimadzu
Corp.
....................
2,400
63,661
Sinbon
Electronics
Co.
Ltd.
............
2,000
20,048
Spectris
plc
.......................
5,635
232,960
Sunny
Optical
Technology
Group
Co.
Ltd.
..
900
6,237
1,662,653
Energy
Equipment
&
Services
—
0.0%
Tenaris
SA
.......................
2,619
41,370
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
5
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Entertainment
—
0.6%
Electronic
Arts,
Inc.
.................
9,573
$
1,152,589
NetEase,
Inc.
.....................
1,000
20,051
Nintendo
Co.
Ltd.
...................
22,500
934,942
Spotify
Technology
SA
(e)
..............
208
32,165
Studio
Dragon
Corp.
(e)
...............
201
7,666
Toho
Co.
Ltd.
.....................
4,900
167,167
2,314,580
Financial
Services
—
1.2%
Bajaj
Finserv
Ltd.
...................
1,240
22,925
Berkshire
Hathaway,
Inc.,
Class
B
(e)
......
3,680
1,289,104
Block,
Inc.,
Class
A
(e)
................
7,169
317,300
FirstRand
Ltd.
.....................
4,449
14,982
Groupe
Bruxelles
Lambert
NV
..........
1,257
93,534
Mastercard,
Inc.,
Class
A
..............
8,073
3,196,181
Meritz
Financial
Group,
Inc.
(e)
...........
220
9,003
Sofina
SA
........................
134
27,083
Visa,
Inc.,
Class
A
(g)
.................
651
149,737
5,119,849
Food
Products
—
1.2%
BRF
SA
(e)
........................
2,731
5,585
General
Mills,
Inc.
..................
29,631
1,896,088
Nestle
SA
(Registered)
...............
26,424
2,991,091
Sao
Martinho
SA
...................
10,347
80,548
4,973,312
Gas
Utilities
—
0.0%
Gujarat
Gas
Ltd.
...................
3,876
19,718
UGI
Corp.
........................
573
13,179
32,897
Ground
Transportation
—
0.3%
Localiza
Rent
a
Car
SA
...............
11,660
136,165
Uber
Technologies,
Inc.
(e)
.............
22,446
1,032,292
1,168,457
Health
Care
Equipment
&
Supplies
—
1.2%
Boston
Scientific
Corp.
(e)
..............
40,171
2,121,029
Cochlear
Ltd.
.....................
418
68,461
Dexcom,
Inc.
(e)
....................
902
84,157
Edwards
Lifesciences
Corp.
(e)
..........
382
26,465
Medtronic
plc
.....................
14,842
1,163,019
Shenzhen
Mindray
Bio-Medical
Electronics
Co.
Ltd.,
Class
A
....................
800
29,755
Stryker
Corp.
.....................
5,390
1,472,925
4,965,811
Health
Care
Providers
&
Services
—
1.3%
Cencora,
Inc.
.....................
965
173,671
Cigna
Group
(The)
..................
1,583
452,849
CVS
Health
Corp.
..................
12,225
853,550
Elevance
Health,
Inc.
................
3,207
1,396,392
Fleury
SA
........................
37,023
111,219
Humana,
Inc.
.....................
335
162,984
McKesson
Corp.
...................
591
256,996
Qualicorp
Consultoria
e
Corretora
de
Seguros
SA
..........................
10,931
6,741
UnitedHealth
Group,
Inc.
..............
4,172
2,103,481
5,517,883
Health
Care
Technology
—
0.0%
Teladoc
Health,
Inc.
(e)
................
5,078
94,400
Hotels,
Restaurants
&
Leisure
—
0.9%
Alsea
SAB
de
CV
(e)
.................
1,559
5,689
Aristocrat
Leisure
Ltd.
................
45,242
1,182,013
Booking
Holdings,
Inc.
(e)
..............
68
209,709
Security
Shares
Shares
Value
Hotels,
Restaurants
&
Leisure
(continued)
Boyd
Gaming
Corp.
.................
226
$
13,748
InterContinental
Hotels
Group
plc
........
2,442
180,596
MakeMyTrip
Ltd.
(e)
..................
6,603
267,554
McDonald's
Corp.
..................
3,285
865,400
Meituan
(d)
(e)
(f)
......................
15,920
230,461
Travel
+
Leisure
Co.
.................
9,535
350,221
Trip.com
Group
Ltd.
(e)
................
5,157
181,766
Yum
China
Holdings,
Inc.
.............
2,237
124,646
Yum!
Brands,
Inc.
..................
796
99,452
3,711,255
Household
Durables
—
0.2%
Arcelik
A/S
.......................
1,058
6,282
Barratt
Developments
plc
.............
58,667
314,551
Bellway
plc
.......................
1,445
40,145
DR
Horton,
Inc.
....................
431
46,320
Electrolux
AB,
Class
B
(e)
..............
461
4,751
Gree
Electric
Appliances,
Inc.
of
Zhuhai,
Class
A
...........................
85,200
425,461
Nikon
Corp.
......................
4,900
51,606
Sekisui
House
Ltd.
..................
800
15,921
905,037
Household
Products
—
0.2%
Colgate-Palmolive
Co.
...............
13,825
983,096
Independent
Power
and
Renewable
Electricity
Producers
—
0.0%
Drax
Group
plc
....................
18,825
100,785
Industrial
Conglomerates
—
1.7%
3M
Co.
..........................
13,982
1,308,995
AG
Anadolu
Grubu
Holding
A/S
.........
388
3,063
Doosan
Co.
Ltd.
...................
515
43,114
General
Electric
Co.
.................
20,393
2,254,446
Honeywell
International,
Inc.
...........
11,427
2,111,024
Siemens
AG
(Registered)
.............
8,155
1,165,421
Siemens
Ltd.
......................
208
9,183
Smiths
Group
plc
...................
18,461
363,460
7,258,706
Industrial
REITs
—
0.1%
Segro
plc
........................
45,667
399,314
Tritax
Big
Box
REIT
plc
...............
22,643
38,534
437,848
Insurance
—
1.8%
AIA
Group
Ltd.
....................
166,600
1,347,319
ASR
Nederland
NV
.................
3,157
118,126
AXA
SA
.........................
6,119
181,544
Direct
Line
Insurance
Group
plc
(e)
........
25,231
52,784
Manulife
Financial
Corp.
..............
85,051
1,554,180
Marsh
&
McLennan
Cos.,
Inc.
..........
1,196
227,599
Max
Financial
Services
Ltd.
(e)
...........
662
7,240
MetLife,
Inc.
......................
32,715
2,058,100
NN
Group
NV
.....................
12,491
400,439
Ping
An
Insurance
Group
Co.
of
China
Ltd.,
Class
H
.......................
43,000
243,881
Prudential
Financial,
Inc.
..............
3,542
336,100
Suncorp
Group
Ltd.
.................
661
5,889
Tokio
Marine
Holdings,
Inc.
............
600
13,892
Travelers
Cos.,
Inc.
(The)
.............
5,854
956,017
7,503,110
Interactive
Media
&
Services
—
2.9%
AfreecaTV
Co.
Ltd.
.................
355
22,050
Alphabet,
Inc.,
Class
A
(e)
..............
27,916
3,653,088
Alphabet,
Inc.,
Class
C
(e)
..............
25,279
3,333,036
Auto
Trader
Group
plc
(d)
(f)
.............
59,684
448,464
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
6
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Interactive
Media
&
Services
(continued)
Baidu,
Inc.,
Class
A
(e)
................
21,200
$
356,810
Joyy,
Inc.,
ADR
(g)
...................
916
34,909
Kuaishou
Technology
(d)
(e)
(f)
.............
13,700
108,993
Meta
Platforms,
Inc.,
Class
A
(e)
..........
8,277
2,484,838
NAVER
Corp.
.....................
1,005
150,263
Scout24
SE
(d)
(f)
....................
1,264
87,644
Tencent
Holdings
Ltd.
................
38,100
1,476,907
12,157,002
IT
Services
—
0.8%
Accenture
plc,
Class
A
...............
5,678
1,743,771
Coforge
Ltd.
......................
135
8,265
Gartner,
Inc.
(e)
.....................
927
318,526
Infosys
Ltd.
.......................
3,725
64,015
VeriSign,
Inc.
(e)
....................
5,784
1,171,434
Wix.com
Ltd.
(e)
.....................
154
14,137
3,320,148
Leisure
Products
—
0.1%
Sega
Sammy
Holdings,
Inc.
............
18,900
348,562
Life
Sciences
Tools
&
Services
—
0.5%
Agilent
Technologies,
Inc.
.............
17,096
1,911,675
Mettler-Toledo
International,
Inc.
(e)
.......
8
8,865
Pharmaron
Beijing
Co.
Ltd.,
Class
H
(d)
(f)
....
2,250
5,328
Syngene
International
Ltd.
(d)
(f)
...........
595
5,751
WuXi
AppTec
Co.
Ltd.,
Class
H
(d)
(f)
.......
9,400
112,096
2,043,715
Machinery
—
0.8%
Amada
Co.
Ltd.
....................
61,700
620,288
Caterpillar,
Inc.
....................
1,614
440,622
Cummins
India
Ltd.
.................
4,622
94,197
GEA
Group
AG
....................
1,521
56,056
Graco,
Inc.
.......................
2,684
195,610
Kone
OYJ,
Class
B
.................
294
12,389
Oshkosh
Corp.
....................
3,804
363,016
Otis
Worldwide
Corp.
................
14,856
1,193,085
Spirax-Sarco
Engineering
plc
...........
381
44,102
Turk
Traktor
ve
Ziraat
Makineleri
A/S
......
603
19,375
Wartsila
OYJ
Abp
...................
15,441
175,007
Weir
Group
plc
(The)
................
300
6,931
3,220,678
Marine
Transportation
—
0.2%
Evergreen
Marine
Corp.
Taiwan
Ltd.
......
7,000
25,174
Kuehne
+
Nagel
International
AG
(Registered)
2,172
617,132
Orient
Overseas
International
Ltd.
.......
1,500
19,979
662,285
Media
—
0.1%
Fox
Corp.,
Class
A
..................
7,722
240,927
Fox
Corp.,
Class
B
..................
12,099
349,419
590,346
Metals
&
Mining
—
1.0%
Anglo
American
plc
.................
30,079
829,493
Antofagasta
plc
....................
856
14,860
APL
Apollo
Tubes
Ltd.
...............
1,130
22,072
ArcelorMittal
SA
....................
48,291
1,209,016
Grupo
Mexico
SAB
de
CV
.............
2,355
11,129
Norsk
Hydro
ASA
...................
916
5,732
POSCO
Holdings,
Inc.
...............
504
198,560
Rio
Tinto
plc
......................
2,744
172,303
Southern
Copper
Corp.
...............
93
7,002
thyssenkrupp
AG
...................
66,527
505,760
Security
Shares
Shares
Value
Metals
&
Mining
(continued)
Wheaton
Precious
Metals
Corp.
.........
33,527
$
1,360,580
4,336,507
Multi-Utilities
—
0.3%
E.ON
SE
........................
20,698
244,775
Engie
SA
........................
55,136
845,575
1,090,350
Oil,
Gas
&
Consumable
Fuels
—
2.6%
Aker
BP
ASA
......................
1,491
41,170
BP
plc
..........................
43,372
279,573
Chevron
Corp.
.....................
9,768
1,647,080
ConocoPhillips
....................
14,866
1,780,947
Crescent
Point
Energy
Corp.
...........
11,970
99,232
Enbridge,
Inc.
.....................
62,128
2,060,642
Enerplus
Corp.
....................
6,159
108,375
Equinor
ASA
......................
10,346
339,060
Exxon
Mobil
Corp.
..................
6,145
722,529
Galp
Energia
SGPS
SA
..............
3,351
49,635
Keyera
Corp.
.....................
596
13,993
Marathon
Petroleum
Corp.
............
418
63,260
Parkland
Corp.
....................
2,464
72,074
Petroleo
Brasileiro
SA
................
32,070
240,722
Pioneer
Natural
Resources
Co.
.........
5,019
1,152,111
Shell
plc
.........................
252
7,987
SK
Innovation
Co.
Ltd.
(e)
..............
990
108,623
Turkiye
Petrol
Rafinerileri
A/S
...........
14,395
83,396
Valero
Energy
Corp.
.................
12,201
1,729,004
10,599,413
Paper
&
Forest
Products
—
0.0%
West
Fraser
Timber
Co.
Ltd.
...........
270
19,602
Passenger
Airlines
—
0.2%
ANA
Holdings,
Inc.
(e)
.................
9,300
194,724
easyJet
plc
(e)
......................
3,447
17,867
Singapore
Airlines
Ltd.
...............
108,600
512,290
724,881
Personal
Care
Products
—
0.1%
LG
H&H
Co.
Ltd.
...................
38
12,537
L'Oreal
SA
.......................
143
59,261
Natura
&
Co.
Holding
SA
(e)
............
3,188
9,253
Unilever
plc
.......................
9,853
487,396
568,447
Pharmaceuticals
—
3.1%
Astellas
Pharma,
Inc.
................
82,900
1,147,471
AstraZeneca
plc
...................
1,198
161,592
Bristol-Myers
Squibb
Co.
..............
20,812
1,207,928
Daiichi
Sankyo
Co.
Ltd.
...............
600
16,426
Eli
Lilly
&
Co.
.....................
3,171
1,703,239
GSK
plc
.........................
13,718
248,211
Johnson
&
Johnson
.................
15,674
2,441,225
Kyowa
Kirin
Co.
Ltd.
.................
400
6,955
Merck
&
Co.,
Inc.
...................
1,462
150,513
Novartis
AG
(Registered)
.............
23,914
2,442,304
Novo
Nordisk
A/S,
Class
B
............
21,065
1,917,995
Otsuka
Holdings
Co.
Ltd.
.............
10,900
387,006
Pfizer,
Inc.
.......................
6,234
206,782
Shionogi
&
Co.
Ltd.
.................
14,700
655,686
Zydus
Lifesciences
Ltd.
..............
2,348
17,360
12,710,693
Professional
Services
—
1.0%
ExlService
Holdings,
Inc.
(e)
............
1,576
44,191
Experian
plc
......................
29,573
967,261
Genpact
Ltd.
......................
14,589
528,122
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
7
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Professional
Services
(continued)
KBR,
Inc.
(g)
.......................
7,686
$
453,013
ManpowerGroup,
Inc.
................
1,011
74,127
Paychex,
Inc.
.....................
4,658
537,207
Recruit
Holdings
Co.
Ltd.
.............
22,900
700,626
Wolters
Kluwer
NV
..................
6,967
843,533
4,148,080
Real
Estate
Management
&
Development
—
0.7%
China
Resources
Land
Ltd.
............
26,000
103,250
Country
Garden
Services
Holdings
Co.
Ltd.
.
23,000
23,489
FirstService
Corp.
..................
877
127,561
Jones
Lang
LaSalle,
Inc.
(e)
.............
54
7,624
Longfor
Group
Holdings
Ltd.
(d)
..........
2,500
4,469
Mitsubishi
Estate
Co.
Ltd.
.............
21,300
277,880
Mitsui
Fudosan
Co.
Ltd.
..............
74,400
1,638,587
Nomura
Real
Estate
Holdings,
Inc.
.......
12,100
303,777
Tokyo
Tatemono
Co.
Ltd.
..............
6,800
94,018
Zillow
Group,
Inc.,
Class
C
(e)
...........
6,897
318,365
2,899,020
Retail
REITs
—
0.0%
Klepierre
SA
......................
2,607
63,834
Semiconductors
&
Semiconductor
Equipment
—
3.2%
Applied
Materials,
Inc.
...............
16,779
2,323,052
ARM
Holdings
plc,
ADR
(e)
.............
4,651
248,921
ASPEED
Technology,
Inc.
.............
1,000
86,142
First
Solar,
Inc.
(e)
...................
656
106,003
Formosa
Sumco
Technology
Corp.
.......
9,000
40,073
Global
Unichip
Corp.
................
9,000
383,238
Intel
Corp.
.......................
34,635
1,231,274
JA
Solar
Technology
Co.
Ltd.,
Class
A
.....
60,580
213,275
KLA
Corp.
........................
496
227,495
Koh
Young
Technology,
Inc.
............
432
3,975
Lam
Research
Corp.
................
282
176,749
MediaTek,
Inc.
.....................
3,000
68,589
NVIDIA
Corp.
.....................
14,065
6,118,134
Parade
Technologies
Ltd.
.............
1,000
30,608
Realtek
Semiconductor
Corp.
..........
14,000
171,898
RichWave
Technology
Corp.
(e)
..........
3,000
13,471
Risen
Energy
Co.
Ltd.,
Class
A
..........
2,900
7,595
Shenzhen
SC
New
Energy
Technology
Corp.,
Class
A
.......................
1,400
14,623
Silergy
Corp.
......................
1,000
9,479
Sino-American
Silicon
Products,
Inc.
......
21,000
102,416
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
97,000
1,581,706
United
Microelectronics
Corp.
..........
1,000
1,404
Zhejiang
Jingsheng
Mechanical
&
Electrical
Co.
Ltd.,
Class
A
....................
2,500
16,373
13,176,493
Software
—
4.4%
Adobe,
Inc.
(e)
......................
5,347
2,726,435
Autodesk,
Inc.
(e)
....................
108
22,346
Birlasoft
Ltd.
......................
3,454
20,002
Box,
Inc.,
Class
A
(e)
.................
3,081
74,591
Cadence
Design
Systems,
Inc.
(e)
........
2,515
589,265
Dropbox,
Inc.,
Class
A
(e)
..............
11,801
321,341
Fair
Isaac
Corp.
(e)
...................
17
14,765
KPIT
Technologies
Ltd.
...............
10
138
Manhattan
Associates,
Inc.
(e)
...........
6,796
1,343,297
Microsoft
Corp.
....................
33,477
10,570,363
Salesforce,
Inc.
(e)
...................
1,382
280,242
SAP
SE
.........................
17,892
2,315,977
Splunk,
Inc.
(e)
.....................
619
90,529
Security
Shares
Shares
Value
Software
(continued)
Teradata
Corp.
(e)
...................
1,147
$
51,638
18,420,929
Specialized
REITs
—
0.1%
Weyerhaeuser
Co.
..................
18,486
566,781
Specialty
Retail
—
0.7%
Best
Buy
Co.,
Inc.
..................
22,209
1,542,859
Gap,
Inc.
(The)
(g)
...................
4,681
49,759
Home
Depot,
Inc.
(The)
..............
1,114
336,606
Industria
de
Diseno
Textil
SA
...........
565
21,025
Lojas
Renner
SA
...................
2,016
5,375
TJX
Cos.,
Inc.
(The)
.................
10,148
901,954
ZOZO,
Inc.
.......................
12,800
234,383
3,091,961
Technology
Hardware,
Storage
&
Peripherals
—
3.8%
Advantech
Co.
Ltd.
.................
1,099
11,768
Apple,
Inc.
.......................
72,103
12,344,755
Dell
Technologies,
Inc.,
Class
C
.........
8,771
604,322
Hewlett
Packard
Enterprise
Co.
.........
39,503
686,167
HP,
Inc.
.........................
45,790
1,176,803
Pure
Storage,
Inc.,
Class
A
(e)
...........
720
25,646
Samsung
Electronics
Co.
Ltd.
..........
18,763
948,547
Wiwynn
Corp.
.....................
2,000
93,261
15,891,269
Textiles,
Apparel
&
Luxury
Goods
—
1.0%
ANTA
Sports
Products
Ltd.
............
19,400
217,073
Burberry
Group
plc
..................
2,641
61,205
Hermes
International
SCA
.............
491
895,009
Lululemon
Athletica,
Inc.
(e)
.............
4,674
1,802,341
LVMH
Moet
Hennessy
Louis
Vuitton
SE
....
420
317,029
Makalot
Industrial
Co.
Ltd.
.............
27,000
281,194
Mavi
Giyim
Sanayi
ve
Ticaret
A/S,
Class
B
(d)
(f)
3,600
14,797
Moncler
SpA
......................
3,338
193,454
NIKE,
Inc.,
Class
B
.................
941
89,979
Tapestry,
Inc.
......................
16,493
474,174
4,346,255
Trading
Companies
&
Distributors
—
0.2%
Applied
Industrial
Technologies,
Inc.
......
83
12,833
Mitsubishi
Corp.
....................
3,100
147,716
Mitsui
&
Co.
Ltd.
...................
100
3,627
WW
Grainger,
Inc.
..................
779
538,943
703,119
Transportation
Infrastructure
—
0.1%
Flughafen
Zurich
AG
(Registered)
........
980
186,588
Grupo
Aeroportuario
del
Centro
Norte
SAB
de
CV
..........................
2,822
30,677
Grupo
Aeroportuario
del
Pacifico
SAB
de
CV,
Class
B
.......................
3,415
56,069
273,334
Water
Utilities
—
0.1%
Cia
de
Saneamento
de
Minas
Gerais
Copasa
MG
..........................
40,434
139,485
Cia
de
Saneamento
do
Parana
(e)
........
2,380
10,814
United
Utilities
Group
plc
..............
26,648
307,918
458,217
Wireless
Telecommunication
Services
—
0.2%
MTN
Group
Ltd.
....................
23,837
142,075
SK
Telecom
Co.
Ltd.
.................
5,781
222,708
SoftBank
Corp.
....................
11,500
130,160
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
8
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Wireless
Telecommunication
Services
(continued)
SoftBank
Group
Corp.
...............
4,000
$
168,502
663,445
Total
Common
Stocks
—
57
.2
%
(Cost:
$
230,575,172
)
.............................
237,956,920
Par
(000)
Par
(000)
Corporate
Bonds
Aerospace
&
Defense
—
0.0%
Rolls-Royce
plc,
5.75%,
10/15/27
(d)
......
USD
75
72,364
Air
Freight
&
Logistics
—
0.0%
Forward
Air
Corp.,
9.50%,
10/15/31
(d)
.....
10
9,993
United
Parcel
Service,
Inc.
4.45%
,
04/01/30
.................
20
19,133
6.20%
,
01/15/38
.................
15
16,023
45,149
Automobile
Components
—
0.1%
(d)
Allison
Transmission,
Inc.,
5.88%,
06/01/29
.
173
163,122
Tenneco,
Inc.,
8.00%,
11/17/28
........
49
39,874
202,996
Automobiles
—
0.1%
Honda
Motor
Co.
Ltd.,
2.53%,
03/10/27
...
280
254,487
Banks
—
4.0%
Banco
Santander
SA
2.75%
,
05/28/25
.................
200
188,355
(1-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
2.00%),
4.18%
,
03/24/28
(a)
...................
400
369,351
5.59%
,
08/08/28
.................
400
391,296
(1-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
1.60%),
3.23%
,
11/22/32
(a)
...................
200
151,364
Bank
of
America
Corp.
(a)
(1-day
SOFR
+
1.01%),
1.20%
,
10/24/26
131
118,462
(1-day
SOFR
+
0.96%),
1.73%
,
07/22/27
390
345,602
(3-mo.
CME
Term
SOFR
+
1.84%),
3.82%
,
01/20/28
....................
78
72,434
(1-day
SOFR
+
1.05%),
2.55%
,
02/04/28
379
337,945
(3-mo.
CME
Term
SOFR
+
1.77%),
3.71%
,
04/24/28
....................
89
81,968
(1-day
SOFR
+
1.58%),
4.38%
,
04/27/28
240
226,621
(3-mo.
CME
Term
SOFR
+
1.63%),
3.59%
,
07/21/28
....................
39
35,615
(1-day
SOFR
+
1.99%),
6.20%
,
11/10/28
210
210,949
(1-day
SOFR
+
1.06%),
2.09%
,
06/14/29
335
280,440
(3-mo.
CME
Term
SOFR
+
1.57%),
4.27%
,
07/23/29
....................
145
133,638
(3-mo.
CME
Term
SOFR
+
1.47%),
3.97%
,
02/07/30
....................
107
96,097
(1-day
SOFR
+
2.16%),
5.02%
,
07/22/33
430
395,619
Bank
of
Montreal
5.20%
,
02/01/28
.................
360
351,390
(5-Year
USD
Swap
Semi
+
1.43%),
3.80%
,
12/15/32
(a)
...................
340
296,984
Bank
of
Nova
Scotia
(The),
4.85%,
02/01/30
20
18,834
Barclays
plc
(a)
(1-day
SOFR
+
2.71%),
2.85%
,
05/07/26
370
349,039
(1-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
1.05%),
2.28%
,
11/24/27
....................
230
202,645
BPCE
SA,
2.70%,
10/01/29
(d)
..........
274
229,798
Security
Par
(000)
Par
(000)
Value
Banks
(continued)
Citigroup,
Inc.
4.40%
,
06/10/25
.................
USD
94
$
91,211
(1-day
SOFR
+
1.28%),
3.07%
,
02/24/28
(a)
460
417,266
(3-mo.
CME
Term
SOFR
+
1.65%),
3.67%
,
07/24/28
(a)
...................
266
244,005
(3-mo.
CME
Term
SOFR
+
1.45%),
4.08%
,
04/23/29
(a)
...................
16
14,726
(1-day
SOFR
+
1.15%),
2.67%
,
01/29/31
(a)
510
413,618
Fifth
Third
Bancorp,
(1-day
SOFR
+
2.34%),
6.34%,
07/27/29
(a)
...............
30
29,636
HSBC
Holdings
plc
(a)
(1-day
SOFR
+
1.29%),
1.59%
,
05/24/27
490
432,059
(1-day
SOFR
+
1.10%),
2.25%
,
11/22/27
570
503,152
(3-mo.
CME
Term
SOFR
+
1.80%),
4.58%
,
06/19/29
....................
301
278,286
(5-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
3.25%),
4.70%
(h)
.....................
200
150,222
(1-day
SOFR
+
1.19%),
2.80%
,
05/24/32
920
712,584
Huntington
Bancshares,
Inc.,
(1-day
SOFR
+
2.02%),
6.21%,
08/21/29
(a)
..........
25
24,456
ING
Groep
NV,
(1-day
SOFR
+
1.83%),
4.02%,
03/28/28
(a)
....................
470
436,336
JPMorgan
Chase
&
Co.
(1-day
SOFR
+
1.85%),
2.08%
,
04/22/26
(a)
25
23,465
2.95%
,
10/01/26
.................
80
74,073
(1-day
SOFR
+
0.80%),
1.05%
,
11/19/26
(a)
180
161,768
(3-mo.
CME
Term
SOFR
+
1.60%),
3.78%
,
02/01/28
(a)
...................
127
118,283
(1-day
SOFR
+
1.17%),
2.95%
,
02/24/28
(a)
266
241,303
(1-day
SOFR
+
1.89%),
2.18%
,
06/01/28
(a)
6
5,257
(1-day
SOFR
+
1.99%),
4.85%
,
07/25/28
(a)
590
568,739
(3-mo.
CME
Term
SOFR
+
1.59%),
4.45%
,
12/05/29
(a)
...................
13
12,135
(1-day
SOFR
+
2.58%),
5.72%
,
09/14/33
(a)
650
624,833
Lloyds
Banking
Group
plc,
(1-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
1.00%),
2.44%,
02/05/26
(a)
..........
730
691,691
Mitsubishi
UFJ
Financial
Group,
Inc.
(a)
(1-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
0.75%),
1.54%
,
07/20/27
....................
490
434,008
(1-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
0.83%),
2.34%
,
01/19/28
....................
380
338,033
Mizuho
Financial
Group,
Inc.
(a)
(1-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
0.75%),
1.55%
,
07/09/27
....................
500
442,106
(1-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
2.40%),
5.67%
,
09/13/33
....................
210
200,724
(1-Year
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
1.90%),
5.75%
,
07/06/34
....................
280
267,280
Royal
Bank
of
Canada,
5.20%,
08/01/28
...
420
408,790
Santander
Holdings
USA,
Inc.
(a)
(1-day
SOFR
+
2.36%),
6.50%
,
03/09/29
780
760,703
(1-day
SOFR
+
2.70%),
6.57%
,
06/12/29
250
243,872
Santander
UK
Group
Holdings
plc,
(1-day
SOFR
+
0.79%),
1.09%,
03/15/25
(a)
....
237
230,599
Sumitomo
Mitsui
Financial
Group,
Inc.
5.52%
,
01/13/28
.................
200
197,269
5.71%
,
01/13/30
.................
200
195,684
5.85%
,
07/13/30
.................
400
394,694
5.77%
,
01/13/33
.................
510
498,431
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
9
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Banks
(continued)
5.78%
,
07/13/33
.................
USD
590
$
576,697
Toronto-Dominion
Bank
(The),
Series
FXD,
1.95%,
01/12/27
................
370
329,556
UniCredit
SpA,
(5-Year
USD
Swap
Rate
+
4.91%),
7.30%,
04/02/34
(a)
(d)
.........
90
84,783
Washington
Mutual
Escrow
Bonds
(e)(i)(j)
0.00%
,
11/06/09
.................
100
250
0.00%
,
09/29/17
.................
400
—
16,757,029
Beverages
—
1.2%
Anheuser-Busch
InBev
Worldwide,
Inc.,
4.00%,
04/13/28
.....................
343
324,577
Coca-Cola
Co.
(The)
2.25%
,
01/05/32
.................
290
235,182
3.00%
,
03/05/51
.................
1,460
979,875
2.50%
,
03/15/51
.................
220
130,909
Diageo
Capital
plc
2.00%
,
04/29/30
.................
780
632,776
2.13%
,
04/29/32
.................
270
208,685
5.50%
,
01/24/33
.................
1,030
1,032,366
PepsiCo,
Inc.
4.20%
,
07/18/52
.................
670
553,550
4.65%
,
02/15/53
.................
780
692,532
4,790,452
Biotechnology
—
0.7%
Amgen,
Inc.,
2.20%,
02/21/27
.........
200
179,539
Biogen,
Inc.
2.25%
,
05/01/30
.................
790
630,992
3.25%
,
02/15/51
.................
430
266,988
Regeneron
Pharmaceuticals,
Inc.,
1.75%,
09/15/30
.....................
2,440
1,877,458
2,954,977
Broadline
Retail
—
0.0%
eBay,
Inc.,
1.40%,
05/10/26
..........
87
77,906
Macy's
Retail
Holdings
LLC,
5.88%,
04/01/29
(d)
86
75,301
153,207
Building
Products
—
0.4%
Builders
FirstSource,
Inc.,
6.38%,
06/15/32
(d)
83
78,129
Johnson
Controls
International
plc
3.90%
,
02/14/26
.................
870
833,539
2.00%
,
09/16/31
.................
100
76,554
Owens
Corning,
3.40%,
08/15/26
.......
110
103,076
Trane
Technologies
Financing
Ltd.,
3.80%,
03/21/29
.....................
560
515,922
1,607,220
Capital
Markets
—
2.1%
Ares
Capital
Corp.
7.00%
,
01/15/27
.................
110
109,999
2.88%
,
06/15/27
.................
145
126,508
Bank
of
New
York
Mellon
Corp.
(The),
(1-day
SOFR
+
1.51%),
4.71%,
02/01/34
(a)
....
180
162,507
Blackstone
Private
Credit
Fund,
4.00%,
01/15/29
.....................
129
109,659
CI
Financial
Corp.,
4.10%,
06/15/51
.....
140
81,033
FactSet
Research
Systems,
Inc.
2.90%
,
03/01/27
.................
790
720,390
3.45%
,
03/01/32
.................
37
30,662
FS
KKR
Capital
Corp.
2.63%
,
01/15/27
.................
125
107,043
3.13%
,
10/12/28
.................
330
268,534
Goldman
Sachs
Group,
Inc.
(The)
3.75%
,
02/25/26
.................
37
35,173
3.50%
,
11/16/26
.................
27
25,110
Security
Par
(000)
Par
(000)
Value
Capital
Markets
(continued)
(1-day
SOFR
+
0.80%),
1.43%
,
03/09/27
(a)
USD
565
$
503,014
(1-day
SOFR
+
0.82%),
1.54%
,
09/10/27
(a)
1,640
1,435,975
(1-day
SOFR
+
1.11%),
2.64%
,
02/24/28
(a)
886
790,050
(3-mo.
CME
Term
SOFR
+
1.77%),
3.69%
,
06/05/28
(a)
...................
206
189,848
Moody's
Corp.,
3.25%,
01/15/28
........
69
63,264
Morgan
Stanley
3.63%
,
01/20/27
.................
281
262,323
(1-day
SOFR
+
0.88%),
1.59%
,
05/04/27
(a)
96
85,448
(1-day
SOFR
+
0.86%),
1.51%
,
07/20/27
(a)
81
71,571
(1-day
SOFR
+
1.00%),
2.48%
,
01/21/28
(a)
280
249,653
3.59%
,
07/22/28
(a)
................
35
31,933
(3-mo.
CME
Term
SOFR
+
1.40%),
3.77%
,
01/24/29
(a)
...................
407
371,125
(1-day
SOFR
+
1.59%),
5.16%
,
04/20/29
(a)
410
394,442
(3-mo.
CME
Term
SOFR
+
1.89%),
4.43%
,
01/23/30
(a)
...................
357
330,277
(1-day
SOFR
+
1.14%),
2.70%
,
01/22/31
(a)
355
290,252
(1-day
SOFR
+
1.03%),
1.79%
,
02/13/32
(a)
130
96,271
(1-day
SOFR
+
1.02%),
1.93%
,
04/28/32
(a)
24
17,827
(1-day
SOFR
+
1.20%),
2.51%
,
10/20/32
(a)
56
42,827
(1-day
SOFR
+
2.08%),
4.89%
,
07/20/33
(a)
730
663,297
(1-day
SOFR
+
1.87%),
5.25%
,
04/21/34
(a)
155
143,914
Nasdaq,
Inc.
5.65%
,
06/28/25
.................
55
54,831
5.55%
,
02/15/34
.................
125
119,307
Nomura
Holdings,
Inc.,
3.00%,
01/22/32
...
344
266,592
S&P
Global,
Inc.
2.45%
,
03/01/27
.................
280
255,042
4.75%
,
08/01/28
.................
125
121,915
5.25%
,
09/15/33
(d)
................
115
112,094
3.90%
,
03/01/62
.................
3
2,167
8,741,877
Chemicals
—
0.0%
(d)
Chemours
Co.
(The),
5.75%,
11/15/28
....
34
29,509
Nufarm
Australia
Ltd.,
5.00%,
01/27/30
....
91
80,307
Superior
Plus
LP,
4.50%,
03/15/29
......
18
15,642
Tronox,
Inc.,
4.63%,
03/15/29
.........
8
6,456
131,914
Commercial
Services
&
Supplies
—
0.1%
APX
Group,
Inc.,
5.75%,
07/15/29
(d)
......
28
23,593
Prime
Security
Services
Borrower
LLC,
6.25%,
01/15/28
(d)
....................
38
35,194
RELX
Capital,
Inc.
4.00%
,
03/18/29
.................
108
100,671
3.00%
,
05/22/30
.................
3
2,568
Republic
Services,
Inc.,
3.95%,
05/15/28
..
47
44,116
Steelcase,
Inc.,
5.13%,
01/18/29
.......
6
5,325
Williams
Scotsman,
Inc.,
7.38%,
10/01/31
(d)
.
25
24,864
236,331
Communications
Equipment
—
0.3%
Motorola
Solutions,
Inc.
4.60%
,
05/23/29
.................
162
153,353
2.30%
,
11/15/30
.................
610
473,696
2.75%
,
05/24/31
.................
440
347,534
5.60%
,
06/01/32
.................
240
229,598
1,204,181
Construction
&
Engineering
—
0.2%
Brand
Industrial
Services,
Inc.,
10.38%,
08/01/30
(d)
....................
20
20,031
Quanta
Services,
Inc.,
2.90%,
10/01/30
...
1,190
970,612
990,643
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
10
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Construction
Materials
—
0.0%
AmeriTex
HoldCo
Intermediate
LLC,
10.25%,
10/15/28
(d)
....................
USD
30
$
29,663
Consumer
Finance
—
0.4%
American
Express
Co.
2.55%
,
03/04/27
.................
199
179,422
(1-day
SOFR
+
1.28%),
5.28%
,
07/27/29
(a)
290
282,730
(1-day
SOFR
+
1.84%),
5.04%
,
05/01/34
(a)
130
119,854
(1-day
SOFR
+
1.93%),
5.63%
,
07/28/34
(a)
50
47,196
Macquarie
Airfinance
Holdings
Ltd.,
8.13%,
03/30/29
(d)
....................
20
20,027
OneMain
Finance
Corp.,
9.00%,
01/15/29
..
25
24,919
Synchrony
Financial
4.50%
,
07/23/25
.................
2
1,905
3.70%
,
08/04/26
.................
22
19,861
2.88%
,
10/28/31
.................
460
325,914
Toyota
Motor
Credit
Corp.
3.05%
,
03/22/27
.................
270
250,332
1.90%
,
04/06/28
.................
290
251,564
1,523,724
Consumer
Staples
Distribution
&
Retail
—
0.0%
Albertsons
Cos.,
Inc.,
6.50%,
02/15/28
(d)
...
67
66,221
Diversified
REITs
—
0.2%
Digital
Realty
Trust
LP,
5.55%,
01/15/28
...
820
801,927
Essential
Properties
LP,
2.95%,
07/15/31
..
170
123,936
925,863
Diversified
Telecommunication
Services
—
0.1%
Frontier
Communications
Holdings
LLC,
8.63%,
03/15/31
(d)
....................
17
16,015
Koninklijke
KPN
NV,
8.38%,
10/01/30
....
140
156,435
Level
3
Financing,
Inc.,
10.50%,
05/15/30
(d)
.
36
36,237
Uniti
Group
LP
(d)
10.50%
,
02/15/28
................
40
39,178
6.50%
,
02/15/29
.................
24
15,715
263,580
Electric
Utilities
—
0.4%
Avangrid,
Inc.
3.20%
,
04/15/25
.................
620
592,710
3.80%
,
06/01/29
.................
140
124,417
Baltimore
Gas
&
Electric
Co.,
2.25%,
06/15/31
18
14,318
Eversource
Energy
Series
U,
1.40%
,
08/15/26
..........
60
53,195
2.90%
,
03/01/27
.................
270
246,549
3.38%
,
03/01/32
.................
220
182,491
Exelon
Corp.
2.75%
,
03/15/27
.................
19
17,254
5.10%
,
06/15/45
.................
10
8,550
4.10%
,
03/15/52
.................
7
5,062
NSTAR
Electric
Co.
3.25%
,
05/15/29
.................
280
251,543
3.95%
,
04/01/30
.................
300
273,911
Public
Service
Electric
&
Gas
Co.
3.65%
,
09/01/28
.................
80
74,182
2.05%
,
08/01/50
.................
31
15,831
1,860,013
Electronic
Equipment,
Instruments
&
Components
—
0.2%
Allegion
US
Holding
Co.,
Inc.,
3.55%,
10/01/27
15
13,693
CDW
LLC,
3.57%,
12/01/31
..........
66
54,360
Keysight
Technologies,
Inc.
4.60%
,
04/06/27
.................
620
597,187
3.00%
,
10/30/29
.................
170
146,161
811,401
Security
Par
(000)
Par
(000)
Value
Energy
Equipment
&
Services
—
0.1%
(d)
CGG
SA,
8.75%,
04/01/27
...........
USD
200
$
178,897
Valaris
Ltd.,
8.38%,
04/30/30
..........
10
10,008
Venture
Global
LNG,
Inc.
8.13%
,
06/01/28
.................
15
14,852
8.38%
,
06/01/31
.................
15
14,746
218,503
Entertainment
—
0.0%
Electronic
Arts,
Inc.,
1.85%,
02/15/31
.....
122
94,789
Financial
Services
—
0.3%
Fidelity
National
Information
Services,
Inc.,
1.65%,
03/01/28
................
58
49,085
Fiserv,
Inc.
5.45%
,
03/02/28
.................
130
128,857
5.60%
,
03/02/33
.................
275
266,526
Freedom
Mortgage
Corp.
(d)
12.00%
,
10/01/28
................
20
20,337
12.25%
,
10/01/30
................
30
30,664
Mastercard,
Inc.
3.30%
,
03/26/27
.................
100
93,927
2.00%
,
11/18/31
.................
390
305,930
Sabre
GLBL,
Inc.,
11.25%,
12/15/27
(d)
....
46
42,210
Synchrony
Bank,
5.63%,
08/23/27
......
250
233,324
United
Wholesale
Mortgage
LLC
(d)
5.50%
,
11/15/25
.................
50
47,559
5.50%
,
04/15/29
.................
59
49,855
Visa,
Inc.,
3.65%,
09/15/47
...........
180
136,525
1,404,799
Food
Products
—
0.4%
Kellogg
Co.
3.40%
,
11/15/27
.................
190
174,622
4.30%
,
05/15/28
.................
850
802,156
2.10%
,
06/01/30
.................
90
71,722
Lamb
Weston
Holdings,
Inc.,
4.38%,
01/31/32
(d)
93
77,910
Unilever
Capital
Corp.,
1.75%,
08/12/31
...
600
464,990
1,591,400
Gas
Utilities
—
0.1%
AmeriGas
Partners
LP
5.75%
,
05/20/27
.................
175
164,036
9.38%
,
06/01/28
(d)
................
30
30,412
ONE
Gas,
Inc.,
4.25%,
09/01/32
........
45
40,576
Suburban
Propane
Partners
LP,
5.00%,
06/01/31
(d)
....................
19
15,860
250,884
Ground
Transportation
—
0.0%
Canadian
National
Railway
Co.,
3.85%,
08/05/32
.....................
160
142,514
Ryder
System,
Inc.,
5.65%,
03/01/28
.....
25
24,745
167,259
Health
Care
Equipment
&
Supplies
—
0.3%
180
Medical,
Inc.,
3.88%,
10/15/29
(d)
.....
40
33,799
Abbott
Laboratories,
4.90%,
11/30/46
.....
50
45,519
Bausch
&
Lomb
Escrow
Corp.,
8.38%,
10/01/28
(d)
....................
35
35,104
DH
Europe
Finance
II
Sarl,
2.60%,
11/15/29
1,360
1,168,694
1,283,116
Health
Care
Providers
&
Services
—
1.2%
DaVita,
Inc.,
4.63%,
06/01/30
(d)
........
98
80,470
Elevance
Health,
Inc.
3.65%
,
12/01/27
.................
260
240,995
4.10%
,
03/01/28
.................
53
49,932
Encompass
Health
Corp.,
4.75%,
02/01/30
.
68
60,159
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
11
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Health
Care
Providers
&
Services
(continued)
HCA,
Inc.
3.13%
,
03/15/27
.................
USD
160
$
145,374
5.20%
,
06/01/28
.................
170
164,300
3.63%
,
03/15/32
.................
348
288,453
5.50%
,
06/01/33
.................
187
176,851
4.63%
,
03/15/52
.................
160
120,127
5.90%
,
06/01/53
.................
260
234,137
Heartland
Dental
LLC,
10.50%,
04/30/28
(d)
.
30
30,187
Humana,
Inc.
1.35%
,
02/03/27
.................
490
426,894
3.70%
,
03/23/29
.................
360
328,400
4.88%
,
04/01/30
.................
57
53,918
Laboratory
Corp.
of
America
Holdings,
1.55%,
06/01/26
.....................
40
35,831
LifePoint
Health,
Inc.
9.88%
,
08/15/30
(d)
................
30
29,044
Class
B,
11.00%
,
10/15/30
..........
40
40,000
Tenet
Healthcare
Corp.,
6.13%,
10/01/28
..
88
82,610
UnitedHealth
Group,
Inc.
5.30%
,
02/15/30
.................
350
347,824
4.20%
,
05/15/32
.................
1,500
1,369,082
4.50%
,
04/15/33
.................
90
83,278
5.88%
,
02/15/53
.................
60
60,213
5.05%
,
04/15/53
.................
420
375,759
4,823,838
Health
Care
REITs
—
0.1%
Welltower
OP
LLC,
4.00%,
06/01/25
.....
300
289,852
Health
Care
Technology
—
0.2%
IQVIA,
Inc.,
5.70%,
05/15/28
(d)
.........
800
777,232
Hotels,
Restaurants
&
Leisure
—
0.3%
Caesars
Entertainment,
Inc.
(d)
8.13%
,
07/01/27
.................
28
28,133
7.00%
,
02/15/30
.................
63
61,303
Darden
Restaurants,
Inc.,
4.55%,
02/15/48
.
160
123,890
Hilton
Domestic
Operating
Co.,
Inc.,
4.88%,
01/15/30
.....................
88
80,087
Hilton
Grand
Vacations
Borrower
Escrow
LLC,
5.00%,
06/01/29
(d)
...............
91
78,937
Sands
China
Ltd.
(c)
5.65%
,
08/08/28
(a)
................
275
257,984
4.88%
,
06/18/30
.................
200
172,004
Starbucks
Corp.,
2.00%,
03/12/27
.......
250
222,754
Yum!
Brands,
Inc.,
5.38%,
04/01/32
......
88
80,461
1,105,553
Household
Durables
—
0.3%
NVR,
Inc.,
3.00%,
05/15/30
...........
710
591,524
PulteGroup,
Inc.,
5.00%,
01/15/27
.......
470
459,491
Toll
Brothers
Finance
Corp.,
3.80%,
11/01/29
310
270,292
TopBuild
Corp.,
4.13%,
02/15/32
(d)
......
32
25,979
1,347,286
Household
Products
—
0.0%
Colgate-Palmolive
Co.,
3.25%,
08/15/32
...
15
13,095
Industrial
Conglomerates
—
0.2%
nVent
Finance
SARL,
5.65%,
05/15/33
....
410
381,514
Pentair
Finance
SARL,
4.50%,
07/01/29
...
450
412,341
793,855
Insurance
—
0.6%
Alleghany
Corp.,
3.63%,
05/15/30
.......
30
26,906
Ambac
Assurance
Corp.,
5.10%
(d)
(h)
......
5
6,913
Arthur
J
Gallagher
&
Co.,
3.50%,
05/20/51
.
330
214,165
Manulife
Financial
Corp.,
4.15%,
03/04/26
..
340
328,357
Security
Par
(000)
Par
(000)
Value
Insurance
(continued)
Marsh
&
McLennan
Cos.,
Inc.
4.38%
,
03/15/29
.................
USD
816
$
773,894
2.25%
,
11/15/30
.................
541
432,920
5.45%
,
03/15/53
.................
270
252,034
NFP
Corp.,
8.50%,
10/01/31
(d)
.........
20
20,030
RenaissanceRe
Holdings
Ltd.,
5.75%,
06/05/33
300
282,196
Trinity
Acquisition
plc,
4.40%,
03/15/26
....
20
19,203
2,356,618
IT
Services
—
0.3%
Central
Parent
LLC,
8.00%,
06/15/29
(d)
....
10
9,963
CGI,
Inc.,
2.30%,
09/14/31
...........
520
390,301
Cogent
Communications
Group,
Inc.,
7.00%,
06/15/27
(d)
....................
250
238,750
Gartner,
Inc.,
4.50%,
07/01/28
(d)
........
87
79,371
International
Business
Machines
Corp.
2.20%
,
02/09/27
.................
280
251,886
4.40%
,
07/27/32
.................
130
119,523
Open
Text
Holdings,
Inc.,
4.13%,
02/15/30
(d)
99
82,824
VeriSign,
Inc.,
2.70%,
06/15/31
........
180
143,367
VT
Topco,
Inc.,
8.50%,
08/15/30
(d)
.......
25
24,764
1,340,749
Life
Sciences
Tools
&
Services
—
0.0%
(d)
Fortrea
Holdings,
Inc.,
7.50%,
07/01/30
...
6
5,838
Star
Parent,
Inc.,
9.00%,
10/01/30
.......
10
10,105
15,943
Machinery
—
0.1%
Cummins,
Inc.,
1.50%,
09/01/30
........
420
327,990
Ingersoll
Rand,
Inc.
5.40%
,
08/14/28
.................
75
73,737
5.70%
,
08/14/33
.................
30
28,954
Otis
Worldwide
Corp.,
2.57%,
02/15/30
...
23
19,069
Wabash
National
Corp.,
4.50%,
10/15/28
(d)
.
94
79,182
528,932
Media
—
0.1%
Clear
Channel
Outdoor
Holdings,
Inc.,
9.00%,
09/15/28
(d)
....................
25
24,759
DirecTV
Financing
LLC,
5.88%,
08/15/27
(d)
.
93
82,229
EquipmentShare.com,
Inc.,
9.00%,
05/15/28
(d)
20
19,225
Interpublic
Group
of
Cos.,
Inc.
(The)
4.20%
,
04/15/24
.................
15
14,830
4.65%
,
10/01/28
.................
170
160,274
2.40%
,
03/01/31
.................
32
25,112
Nexstar
Media,
Inc.,
4.75%,
11/01/28
(d)
....
33
27,314
Sirius
XM
Radio,
Inc.,
5.50%,
07/01/29
(d)
...
92
81,372
Univision
Communications,
Inc.,
8.00%,
08/15/28
(d)
....................
10
9,695
444,810
Metals
&
Mining
—
0.3%
Arsenal
AIC
Parent
LLC,
8.00%,
10/01/30
(d)
.
20
19,900
ATI,
Inc.,
7.25%,
08/15/30
...........
35
34,738
Cleveland-Cliffs,
Inc.,
6.75%,
04/15/30
(d)
...
17
15,889
FMG
Resources
August
2006
Pty.
Ltd.
(d)
5.88%
,
04/15/30
.................
85
77,708
6.13%
,
04/15/32
.................
84
76,388
Mineral
Resources
Ltd.
(d)
9.25%
,
10/01/28
.................
25
25,250
8.50%
,
05/01/30
.................
250
245,255
Reliance
Steel
&
Aluminum
Co.,
2.15%,
08/15/30
.....................
480
377,098
Steel
Dynamics,
Inc.
2.80%
,
12/15/24
.................
35
33,688
2.40%
,
06/15/25
.................
330
310,047
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
12
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Metals
&
Mining
(continued)
Taseko
Mines
Ltd.,
7.00%,
02/15/26
(d)
....
USD
7
$
6,539
1,222,500
Office
REITs
—
0.0%
Alexandria
Real
Estate
Equities,
Inc.,
2.95%,
03/15/34
.....................
24
18,225
Oil,
Gas
&
Consumable
Fuels
—
0.2%
Cheniere
Corpus
Christi
Holdings
LLC,
5.13%,
06/30/27
.....................
30
29,152
Kinder
Morgan
Energy
Partners
LP
7.50%
,
11/15/40
.................
16
16,791
5.00%
,
08/15/42
.................
20
16,171
ONEOK,
Inc.
5.85%
,
01/15/26
.................
330
330,221
6.35%
,
01/15/31
.................
380
382,171
Vermilion
Energy,
Inc.,
6.88%,
05/01/30
(d)
..
176
166,531
Vital
Energy,
Inc.,
9.75%,
10/15/30
......
20
20,446
961,483
Paper
&
Forest
Products
—
0.0%
Georgia-Pacific
LLC
1.75%
,
09/30/25
(d)
................
22
20,334
0.95%
,
05/15/26
(d)
................
10
8,852
7.75%
,
11/15/29
.................
20
21,993
Louisiana-Pacific
Corp.,
3.63%,
03/15/29
(d)
.
74
61,958
113,137
Passenger
Airlines
—
0.0%
American
Airlines
Pass-Through
Trust
Series
2016-1,
Class
B,
5.25%
,
01/15/24
36
35,765
Series
2017-1,
Class
B,
4.95%
,
02/15/25
12
11,529
Series
2019-1,
Class
B,
3.85%
,
02/15/28
50
44,138
United
Airlines
Pass-Through
Trust,
Series
2019-2,
Class
B,
3.50%,
05/01/28
.....
29
25,964
United
Airlines,
Inc.
(d)
4.38%
,
04/15/26
.................
17
15,721
4.63%
,
04/15/29
.................
54
46,415
179,532
Pharmaceuticals
—
0.9%
Astrazeneca
Finance
LLC
1.75%
,
05/28/28
.................
390
333,825
2.25%
,
05/28/31
.................
280
225,569
4.88%
,
03/03/33
.................
420
405,236
Bausch
Health
Cos.,
Inc.,
11.00%,
09/30/28
(d)
42
28,495
Bristol-Myers
Squibb
Co.,
2.95%,
03/15/32
.
200
166,928
Eli
Lilly
&
Co.
4.88%
,
02/27/53
.................
80
73,489
4.95%
,
02/27/63
.................
705
639,628
Jazz
Securities
DAC,
4.38%,
01/15/29
(d)
...
200
174,377
Johnson
&
Johnson,
2.25%,
09/01/50
....
370
213,439
Merck
&
Co.,
Inc.
2.15%
,
12/10/31
.................
420
332,130
2.45%
,
06/24/50
.................
30
17,251
2.75%
,
12/10/51
.................
19
11,475
5.00%
,
05/17/53
.................
85
77,304
Novartis
Capital
Corp.,
2.20%,
08/14/30
...
855
708,674
Pfizer
Investment
Enterprises
Pte.
Ltd.
5.30%
,
05/19/53
.................
30
27,874
5.34%
,
05/19/63
.................
20
18,271
Zoetis,
Inc.
3.00%
,
09/12/27
.................
110
100,974
2.00%
,
05/15/30
.................
70
56,033
3,610,972
Security
Par
(000)
Par
(000)
Value
Professional
Services
—
0.4%
AMN
Healthcare,
Inc.,
4.00%,
04/15/29
(d)
..
USD
16
$
13,577
Automatic
Data
Processing,
Inc.,
1.70%,
05/15/28
.....................
1,510
1,304,511
Thomson
Reuters
Corp.,
3.35%,
05/15/26
..
530
500,518
TriNet
Group,
Inc.,
7.13%,
08/15/31
(d)
.....
30
29,700
1,848,306
Real
Estate
Management
&
Development
—
0.2%
CBRE
Services,
Inc.
4.88%
,
03/01/26
.................
170
165,393
5.95%
,
08/15/34
.................
520
490,469
Cushman
&
Wakefield
US
Borrower
LLC,
8.88%,
09/01/31
(d)
...............
15
14,513
Greystar
Real
Estate
Partners
LLC,
7.75%,
09/01/30
(d)
....................
15
14,818
Howard
Hughes
Corp.
(The),
5.38%,
08/01/28
(d)
90
79,296
764,489
Retail
REITs
—
0.0%
Realty
Income
Corp.
3.00%
,
01/15/27
.................
5
4,583
3.25%
,
01/15/31
.................
40
33,612
38,195
Semiconductors
&
Semiconductor
Equipment
—
0.8%
Broadcom,
Inc.
(d)
2.45%
,
02/15/31
.................
570
445,515
2.60%
,
02/15/33
.................
120
89,482
3.75%
,
02/15/51
.................
420
280,790
NCR
Atleos
Escrow
Corp.,
9.50%,
04/01/29
(d)
40
38,688
NVIDIA
Corp.
1.55%
,
06/15/28
.................
190
162,386
2.00%
,
06/15/31
.................
870
696,116
3.50%
,
04/01/50
.................
50
36,443
3.70%
,
04/01/60
.................
180
131,652
NXP
BV
3.88%
,
06/18/26
.................
25
23,731
4.30%
,
06/18/29
.................
172
157,325
3.40%
,
05/01/30
.................
70
59,915
2.50%
,
05/11/31
.................
189
147,142
Texas
Instruments,
Inc.
1.90%
,
09/15/31
.................
97
76,412
3.65%
,
08/16/32
.................
1,020
896,704
4.90%
,
03/14/33
.................
220
212,763
3,455,064
Software
—
1.1%
Academy
Ltd.,
6.00%,
11/15/27
(d)
.......
33
31,192
Adobe,
Inc.,
2.30%,
02/01/30
..........
1,010
849,868
Autodesk,
Inc.
3.50%
,
06/15/27
.................
81
75,573
2.40%
,
12/15/31
.................
54
42,568
Gen
Digital,
Inc.,
7.13%,
09/30/30
(d)
......
105
103,439
Intuit,
Inc.
1.35%
,
07/15/27
.................
860
744,233
1.65%
,
07/15/30
.................
1,060
832,679
5.20%
,
09/15/33
.................
90
87,638
5.50%
,
09/15/53
.................
30
28,783
Oracle
Corp.
4.50%
,
05/06/28
.................
60
57,187
4.65%
,
05/06/30
.................
40
37,407
4.90%
,
02/06/33
.................
210
193,563
5.55%
,
02/06/53
.................
115
100,759
Roper
Technologies,
Inc.,
1.75%,
02/15/31
.
26
19,726
Salesforce,
Inc.,
3.05%,
07/15/61
.......
10
5,977
ServiceNow,
Inc.,
1.40%,
09/01/30
......
850
652,506
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
13
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Software
(continued)
VMware,
Inc.
1.80%
,
08/15/28
.................
USD
784
$
650,649
2.20%
,
08/15/31
.................
150
113,195
4,626,942
Specialized
REITs
—
0.1%
American
Tower
Corp.
1.45%
,
09/15/26
.................
120
105,754
5.80%
,
11/15/28
.................
10
9,925
Equinix,
Inc.
1.00%
,
09/15/25
.................
151
137,182
1.45%
,
05/15/26
.................
160
142,853
Iron
Mountain,
Inc.,
5.25%,
07/15/30
(d)
....
200
174,729
570,443
Specialty
Retail
—
0.3%
Bath
&
Body
Works,
Inc.,
6.95%,
03/01/33
.
37
33,109
Home
Depot,
Inc.
(The)
1.50%
,
09/15/28
.................
300
252,050
1.38%
,
03/15/31
.................
31
23,447
1.88%
,
09/15/31
.................
400
310,526
4.50%
,
12/06/48
.................
17
14,230
3.35%
,
04/15/50
.................
240
163,576
Lowe's
Cos.,
Inc.
3.35%
,
04/01/27
.................
450
418,949
3.65%
,
04/05/29
.................
93
84,398
1,300,285
Technology
Hardware,
Storage
&
Peripherals
—
0.1%
Apple,
Inc.
3.95%
,
08/08/52
.................
185
145,083
4.10%
,
08/08/62
.................
40
30,764
Xerox
Holdings
Corp.,
5.50%,
08/15/28
(d)
..
96
80,733
256,580
Transportation
Infrastructure
—
0.1%
Triton
Container
International
Ltd.,
3.25%,
03/15/32
.....................
320
238,541
Total
Corporate
Bonds
—
19
.6
%
(Cost:
$
88,049,567
)
..............................
81,676,499
Floating
Rate
Loan
Interests
Consumer
Finance
—
0.0%
Credito
Real
SAB
de
CV
SOFOM
ER,
Term
Loan
A
,
(3-mo.
LIBOR
USD
+
3.75%),
0.00
%
,
02/21/24
(a)
(e)
(i)
(j)
.............
7
770
Total
Floating
Rate
Loan
Interests
—
0
.0
%
(Cost:
$
7,000
)
.................................
770
Shares
Shares
Investment
Companies
iShares
Russell
1000
Value
ETF
(k)
.......
55,212
8,382,286
Total
Investment
Companies
—
2
.0
%
(Cost:
$
8,730,480
)
..............................
8,382,286
Par
(000)
Par
(000)
Non-Agency
Mortgage-Backed
Securities
Collateralized
Mortgage
Obligations
—
0.2%
Alternative
Loan
Trust
Series
2005-22T1,
Class
A1,
(1-mo.
CME
Term
SOFR
at
5.42%
Cap
+
0.46%),
5.42%,
06/25/35
(a)
..............
36
29,578
Security
Par
(000)
Par
(000)
Value
Collateralized
Mortgage
Obligations
(continued)
Series
2006-11CB,
Class
3A1,
6.50%,
05/25/36
....................
USD
19
$
9,384
Series
2006-OC10,
Class
2A3,
(1-mo.
CME
Term
SOFR
+
0.57%),
5.89%,
11/25/36
(a)
23
19,517
Series
2007-OA3,
Class
1A1,
(1-mo.
CME
Term
SOFR
+
0.39%),
5.71%,
04/25/47
(a)
20
17,257
Series
2007-OA3,
Class
2A2,
(1-mo.
CME
Term
SOFR
+
0.47%),
5.79%,
04/25/47
(a)
1
50
Series
2007-OA8,
Class
2A1,
(1-mo.
CME
Term
SOFR
+
0.47%),
5.79%,
06/25/47
(a)
12
9,159
Series
2007-OH2,
Class
A2A,
(1-mo.
CME
Term
SOFR
at
10.00%
Cap
+
0.59%),
5.91%,
08/25/47
(a)
..............
5
4,342
American
Home
Mortgage
Assets
Trust,
Series
2006-3,
Class
2A11,
(Federal
Reserve
US
12
Month
Cumulative
Average
1
Year
CMT
+
0.94%),
5.57%,
10/25/46
(a)
..........
43
28,956
APS
Resecuritization
Trust
(a)(d)
Series
2016-1,
Class
1MZ,
3.03%,
07/31/57
141
54,258
Series
2016-3,
Class
3A,
(1-mo.
CME
Term
SOFR
+
2.96%),
8.28%,
09/27/46
...
12
11,881
Banc
of
America
Funding
Trust,
Series
2014-
R2,
Class
1C,
0.00%,
11/26/36
(a)
(d)
.....
52
14,753
Bear
Stearns
Mortgage
Funding
Trust,
Series
2006-SL1,
Class
A1,
(1-mo.
CME
Term
SOFR
at
11.00%
Cap
+
0.39%),
5.71%,
08/25/36
(a)
.....................
11
10,232
Chase
Mortgage
Finance
Trust,
Series
2007-
S6,
Class
1A1,
6.00%,
12/25/37
.......
266
113,189
Citicorp
Mortgage
Securities
Trust,
Series
2008-2,
Class
1A1,
6.50%,
06/25/38
....
23
17,137
Credit
Suisse
Mortgage
Capital
Certificates,
Series
2009-12R,
Class
3A1,
6.50%,
10/27/37
(d)
.....................
109
41,998
CSFB
Mortgage-Backed
Pass-Through
Certificates,
Series
2005-10,
Class
10A1,
(1-mo.
CME
Term
SOFR
at
1.35%
Floor
and
6.25%
Cap
+
1.46%),
6.25%,
11/25/35
(a)
.
18
4,156
CSMC
Mortgage-Backed
Trust,
Series
2007-5,
Class
1A11,
7.00%,
08/25/37
(a)
........
23
13,738
Deutsche
Alt-A
Securities
Mortgage
Loan
Trust,
Series
2007-OA4,
Class
A2A,
(1-mo.
CME
Term
SOFR
at
0.17%
Floor
+
0.45%),
5.77%,
08/25/47
(a)
................
78
68,094
GreenPoint
Mortgage
Funding
Trust,
Series
2006-AR2,
Class
4A1,
(Federal
Reserve
US
12
Month
Cumulative
Average
1
Year
CMT
at
10.50%
Cap
+
2.00%),
6.63%,
03/25/36
(a)
5
3,925
GSR
Mortgage
Loan
Trust,
Series
2007-1F,
Class
2A4,
5.50%,
01/25/37
.........
1
1,036
IndyMac
INDX
Mortgage
Loan
Trust,
Series
2007-AR19,
Class
3A1,
3.69%,
09/25/37
(a)
28
18,483
JPMorgan
Alternative
Loan
Trust,
Series
2007-
A1,
Class
1A4,
(1-mo.
CME
Term
SOFR
at
11.50%
Cap
+
0.53%),
5.85%,
03/25/37
(a)
30
27,303
New
Residential
Mortgage
Loan
Trust,
Series
2019-2A,
Class
A1,
4.25%,
12/25/57
(a)
(d)
.
31
29,008
Nomura
Asset
Acceptance
Corp.
Alternative
Loan
Trust,
Series
2007-2,
Class
A4,
(1-mo.
CME
Term
SOFR
at
0.42%
Floor
+
0.53%),
5.85%,
06/25/37
(a)
................
4
3,662
Structured
Adjustable
Rate
Mortgage
Loan
Trust,
Series
2006-3,
Class
4A,
3.96%,
04/25/36
(a)
.....................
7
3,987
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
14
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Collateralized
Mortgage
Obligations
(continued)
Structured
Asset
Mortgage
Investments
II
Trust,
Series
2006-AR4,
Class
3A1,
(1-mo.
CME
Term
SOFR
at
0.19%
Floor
and
10.50%
Cap
+
0.49%),
5.81%,
06/25/36
(a)
.........
USD
11
$
9,050
Washington
Mutual
Mortgage
Pass-Through
Certificates
WMALT
Trust
Series
2006-4,
Class
1A1,
6.00%,
04/25/36
32
27,732
Series
2006-4,
Class
3A5,
6.35%,
05/25/36
(c)
...................
39
31,725
623,590
Commercial
Mortgage-Backed
Securities
—
0.0%
(a)(d)
Bayview
Commercial
Asset
Trust
Series
2005-4A,
Class
A1,
(1-mo.
CME
Term
SOFR
at
0.30%
Floor
+
0.56%),
5.88%,
01/25/36
....................
13
11,888
Series
2005-4A,
Class
M1,
(1-mo.
CME
Term
SOFR
at
0.45%
Floor
+
0.79%),
6.11%,
01/25/36
...............
10
8,999
Series
2006-1A,
Class
A2,
(1-mo.
CME
Term
SOFR
at
0.54%
Floor
+
0.65%),
5.97%,
04/25/36
....................
6
5,365
Series
2006-3A,
Class
A1,
(1-mo.
CME
Term
SOFR
at
0.25%
Floor
+
0.49%),
5.81%,
10/25/36
....................
7
6,680
Series
2006-3A,
Class
A2,
(1-mo.
CME
Term
SOFR
at
0.30%
Floor
+
0.56%),
5.88%,
10/25/36
....................
7
6,696
Lehman
Brothers
Small
Balance
Commercial
Mortgage
Trust,
Series
2007-1A,
Class
1A,
(1-mo.
CME
Term
SOFR
+
0.36%),
5.68%,
03/25/37
......................
1
541
40,169
Interest
Only
Commercial
Mortgage-Backed
Securities
—
0.0%
One
Market
Plaza
Trust,
Series
2017-1MKT,
Class
XCP,
0.00%,
02/10/32
(a)
(d)
.......
1,000
28
Principal
Only
Collateralized
Mortgage
Obligations
—
0.0%
Seasoned
Credit
Risk
Transfer
Trust,
Series
2017-3,
Class
B,
0.00%,
07/25/56
(d)
(l)
....
37
3,719
Total
Non-Agency
Mortgage-Backed
Securities
—
0
.2
%
(Cost:
$
849,782
)
................................
667,506
Beneficial
Interest
(000)
Other
Interests
(m)
Capital
Markets
—
0.0%
(e)(i)(j)
Lehman
Brothers
Holdings,
Capital
Trust
VII
.
130
—
Lehman
Brothers
Holdings,
Inc.
.........
490
—
Total
Other
Interests
—
0.0
%
(Cost:
$
6
)
....................................
—
Shares
Shares
Preferred
Securities
Preferred
Stocks
—
0.3%
Banks
—
0.1%
Banco
Bradesco
SA
(Preference)
........
90,862
257,589
Bancolombia
SA
(Preference)
..........
11,335
75,427
Itau
Unibanco
Holding
SA
(Preference)
....
5,890
31,837
364,853
Security
Shares
Shares
Value
Chemicals
—
0.1%
Braskem
SA
(Preference)
,
Series
A
(e)
.....
78,836
$
323,402
Electrical
Equipment
—
0.1%
Sociedad
Quimica
y
Minera
de
Chile
SA
(Preference)
....................
5,170
307,067
Passenger
Airlines
—
0.0%
Azul
SA
(Preference)
(e)
...............
42,581
122,494
Total
Preferred
Securities
—
0
.3
%
(Cost:
$
1,497,985
)
..............................
1,117,816
Rights
Ground
Transportation
—
0.0%
Localiza
Rent
a
Car
SA
(
Expires
11/10/23
,
Strike
Price
BRL
47.13
)
(e)
...........
85
303
Total
Rights
—
0
.0
%
(Cost:
$
—
)
....................................
303
Par
(000)
Par
(000)
U.S.
Government
Sponsored
Agency
Securities
Mortgage-Backed
Securities
—
8.2%
Federal
Home
Loan
Mortgage
Corp.
2.50
%
,
01/01/29
-
04/01/31
..........
USD
136
124,129
3.00
%
,
09/01/27
-
12/01/46
..........
240
212,570
3.50
%
,
04/01/31
-
01/01/48
..........
379
341,184
4.00
%
,
08/01/40
-
12/01/45
..........
59
54,426
4.50
%
,
02/01/39
-
04/01/49
..........
443
416,528
5.00
%
,
10/01/41
-
11/01/48
..........
88
86,051
5.50
%
,
06/01/41
.................
40
39,866
6.00
%
,
01/01/34
.................
29
28,737
Federal
National
Mortgage
Association
,
4.00
%
,
01/01/41
.................
4
3,983
Government
National
Mortgage
Association
2.00
%
,
08/20/50
-
04/20/52
..........
3,420
2,708,214
2.00
%
,
10/15/53
(n)
................
663
524,213
2.50
%
,
07/20/51
-
07/20/52
..........
5,054
4,132,407
2.50
%
,
10/15/53
(n)
................
600
490,335
3.00
%
,
02/15/45
-
09/20/52
..........
3,378
2,871,235
3.00
%
,
10/15/53
(n)
................
420
356,312
3.50
%
,
01/15/42
-
02/20/52
..........
1,099
977,755
3.50
%
,
10/15/53
(n)
................
711
622,736
4.00
%
,
04/20/39
-
12/20/47
..........
196
180,560
4.00
%
,
10/15/53
(n)
................
694
625,224
4.50
%
,
12/20/39
-
04/20/50
..........
259
244,590
4.50
%
,
10/15/53
(n)
................
347
320,555
5.00
%
,
12/15/38
-
04/20/53
..........
129
123,800
5.00
%
,
10/15/53
(n)
................
325
307,963
5.50
%
,
12/20/52
-
07/20/53
..........
228
221,786
5.50
%
,
10/15/53
(n)
................
425
412,416
6.00
%
,
10/15/53
(n)
................
250
247,715
7.50
%
,
03/15/32
.................
1
1,146
Uniform
Mortgage-Backed
Securities
2.00
%
,
10/01/31
-
02/01/52
..........
3,664
2,848,566
2.00
%
,
10/25/38
-
10/25/53
(n)
.........
1,225
1,026,104
2.50
%
,
09/01/27
-
02/01/52
..........
1,857
1,551,971
2.50
%
,
10/25/38
-
10/25/53
(n)
.........
700
586,154
3.00
%
,
04/01/29
-
03/01/52
..........
1,896
1,646,298
3.50
%
,
08/01/30
-
01/01/51
..........
2,505
2,205,736
3.50
%
,
10/25/38
(n)
................
61
56,397
4.00
%
,
10/01/33
-
01/01/51
..........
1,236
1,127,424
4.00
%
,
10/25/38
-
10/25/53
(n)
.........
350
318,286
4.50
%
,
02/01/25
-
08/01/53
..........
2,085
1,955,657
4.50
%
,
10/25/53
(n)
................
75
68,859
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
15
(Percentages
shown
are
based
on
Net
Assets)
Security
Par
(000)
Par
(000)
Value
Mortgage-Backed
Securities
(continued)
5.00
%
,
09/01/35
-
05/01/49
..........
USD
153
$
149,460
5.00
%
,
10/25/53
(n)
................
3,250
3,066,172
5.50
%
,
02/01/35
-
04/01/41
..........
240
238,517
6.00
%
,
12/01/27
-
09/01/53
..........
336
336,302
6.00
%
,
10/25/53
(n)
................
150
148,031
6.50
%
,
05/01/40
.................
41
42,176
Total
U.S.
Government
Sponsored
Agency
Securities
—
8
.2
%
(Cost:
$
38,151,183
)
..............................
34,048,546
U.S.
Treasury
Obligations
U.S.
Treasury
Bonds
4.25
%
,
05/15/39
.................
66
62,210
4.50
%
,
08/15/39
.................
82
79,418
4.38
%
,
11/15/39
.................
82
78,031
1.13
%
,
05/15/40
-
08/15/40
..........
694
396,421
1.38
%
,
11/15/40
.................
347
205,367
2.25
%
,
05/15/41
-
02/15/52
..........
13,000
8,195,000
2.38
%
,
02/15/42
.................
4,000
2,764,844
3.13
%
,
02/15/43
.................
332
257,015
2.88
%
,
05/15/43
-
11/15/46
..........
597
436,289
3.63
%
,
08/15/43
.................
332
277,039
3.75
%
,
11/15/43
.................
332
281,811
2.50
%
,
02/15/45
.................
593
402,684
3.00
%
,
02/15/47
.................
1,500
1,101,445
1.63
%
,
11/15/50
.................
3
1,571
1.88
%
,
11/15/51
.................
1,000
557,383
U.S.
Treasury
Inflation
Linked
Notes
,
1.25
%
,
04/15/28
.................
2,650
2,519,165
U.S.
Treasury
Notes
0.50
%
,
05/31/27
.................
129
110,834
2.25
%
,
08/15/27
.................
798
729,235
1.25
%
,
03/31/28
-
09/30/28
..........
1,047
902,422
2.88
%
,
08/15/28
.................
188
173,599
3.13
%
,
11/15/28
.................
386
359,417
1.75
%
,
01/31/29
-
11/15/29
..........
1,239
1,053,882
2.63
%
,
02/15/29
.................
63
56,990
1.88
%
,
02/28/29
-
02/15/32
..........
12,352
10,498,143
2.38
%
,
05/15/29
.................
7,063
6,276,689
1.63
%
,
08/15/29
-
05/15/31
..........
952
799,600
1.50
%
,
02/15/30
.................
1,276
1,057,684
1.13
%
,
02/15/31
.................
235
185,356
1.38
%
,
11/15/31
.................
43
33,705
Total
U.S.
Treasury
Obligations
—
9
.6
%
(Cost:
$
50,257,781
)
..............................
39,853,249
Total
Long-Term
Investments
—
97.3%
(Cost:
$
419,196,063
)
.............................
404,518,119
Shares
Shares
Short-Term
Securities
Money
Market
Funds
—
2.3%
(k)(o)
BlackRock
Liquidity
Funds,
T-Fund,
Institutional
Class
,
5.23
%
...................
7,232,938
7,232,938
SL
Liquidity
Series,
LLC,
Money
Market
Series
,
5.52
%
(p)
.......................
2,349,668
2,350,372
Total
Money
Market
Funds
—
2
.3
%
(Cost:
$
9,583,310
)
..............................
9,583,310
Security
Par
(000)
Pa
r
(
000)
Value
U.S.
Treasury
Obligations
—
2.5%
U.S.
Treasury
Bills
(q)
5.02
%
,
11/09/23
.................
USD
1,225
$
1,218,153
5.16
%
,
11/16/23
.................
1,100
1,092,719
5.39
%
,
12/19/23
.................
300
296,550
5.42
%
,
12/28/23
.................
2,000
1,974,287
5.37
%
,
01/04/24
.................
3,600
3,550,133
5.38
%
,
01/11/24
.................
1,400
1,379,173
5.41
%
,
01/18/24
.................
100
98,409
5.35
%
,
01/25/24
.................
600
589,818
5.40
%
,
02/08/24
.................
300
294,300
Total
U.S.
Treasury
Obligations
—
2
.5
%
(Cost:
$
10,494,081
)
..............................
10,493,542
Total
Short-Term
Securities
—
4.8%
(Cost:
$
20,077,391
)
..............................
20,076,852
Total
Investments
Before
TBA
Sale
Commitments
and
Investments
Sold
Short
—
102
.1
%
(Cost:
$
439,273,454
)
.............................
424,594,971
TBA
Sale
Commitments
Mortgage-Backed
Securities
—
(0.0)
%
Uniform
Mortgage-Backed
Securities
,
6.00
%
,
10/25/53
(n)
................
(
25
)
(
24,672
)
Total
TBA
Sale
Commitments
—
(0.0)
%
(Proceeds:
$
(
24,973
)
)
............................
(24,672)
Investments
Sold
Short
U.S.
Treasury
Obligations
U.S.
Treasury
Notes
3.13
%
,
11/15/28
.................
(
23
)
(
21,416
)
1.63
%
,
08/15/29
.................
(
460
)
(
390,353
)
1.50
%
,
02/15/30
.................
(
1,253
)
(
1,038,620
)
1.13
%
,
02/15/31
.................
(
56
)
(
44,170
)
1.38
%
,
11/15/31
.................
(
40
)
(
31,353
)
Total
U.S.
Treasury
Obligations
—
(
0
.3
)
%
(Proceeds:
$
(
1,857,180
)
)
..........................
(1,525,912)
Total
Investments
Sold
Short
—
(
0
.3
)
%
(Proceeds:
$
(
1,857,180
)
)
..........................
(
1,525,912
)
Total
Investments
Net
of
TBA
Sale
Commitments
and
Investments
Sold
Short
—
101
.8
%
(Cost:
$
437,391,301
)
.............................
423,044,387
Liabilities
in
Excess
of
Other
Assets
—
(
1.8
)
%
............
(
7,340,039
)
Net
Assets
—
100.0%
..............................
$
415,704,348
(a)
Variable
rate
security.
Interest
rate
resets
periodically.
The
rate
shown
is
the
effective
interest
rate
as
of
period
end.
Security
description
also
includes
the
reference
rate
and
spread
if
published
and
available.
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
16
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
September
30,
2023
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
(b)
Rounds
to
less
than
1,000.
(c)
Step
coupon
security.
Coupon
rate
will
either
increase
(step-up
bond)
or
decrease
(step-down
bond)
at
regular
intervals
until
maturity.
Interest
rate
shown
reflects
the
rate
currently
in
effect.
(d)
Security
exempt
from
registration
pursuant
to
Rule
144A
under
the
Securities
Act
of
1933,
as
amended.
These
securities
may
be
resold
in
transactions
exempt
from
registration
to
qualified
institutional
investors.
(e)
Non-income
producing
security.
(f)
This
security
may
be
resold
to
qualified
foreign
investors
and
foreign
institutional
buyers
under
Regulation
S
of
the
Securities
Act
of
1933.
(g)
All
or
a
portion
of
this
security
is
on
loan.
(h)
Perpetual
security
with
no
stated
maturity
date.
(i)
Issuer
filed
for
bankruptcy
and/or
is
in
default.
(j)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(k)
Affiliate
of
the
Fund.
(l)
Zero-coupon
bond.
(m)
Other
interests
represent
beneficial
interests
in
liquidation
trusts
and
other
reorganization
or
private
entities.
(n)
Represents
or
includes
a
TBA
transaction.
(o)
Annualized
7-day
yield
as
of
period
end.
(p)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
(q)
Rates
are
discount
rates
or
a
range
of
discount
rates
as
of
period
end.
Affiliated
Issuer
Value
at
12/31/22
Purchases
at
Cost
Proceeds
from
Sale
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
09/30/23
Shares
Held
at
09/30/23
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Liquidity
Funds,
T-Fund,
Institutional
Class
...
$
21,365,821
$
—
$
(
14,132,883
)
(a)
$
—
$
—
$
7,232,938
7,232,938
$
470,604
$
—
SL
Liquidity
Series,
LLC,
Money
Market
Series
...........
8,141,813
—
(
5,794,476
)
(a)
3,750
(
715
)
2,350,372
2,349,668
26,100
(b)
—
iShares
MSCI
India
ETF
(c)
.....
2,777,296
502,980
(
3,218,244
)
(
339,700
)
277,668
—
—
—
—
iShares
Russell
1000
Value
ETF
—
8,730,480
—
—
(
348,194
)
8,382,286
55,212
131,162
—
$
(
335,950
)
$
(
71,241
)
$
17,965,596
$
627,866
$
—
—
—
(a)
Represents
net
amount
purchased
(sold).
(b)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
fees
and
collateral
investment
expenses,
and
other
payments
to
and
from
borrowers
of
securities.
(c)
As
of
period
end,
the
entity
is
no
longer
held.
For
Fund
compliance
purposes,
the
Fund's
industry
classifications
refer
to
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
rating
group
indexes,
and/or
as
defined
by
the
investment
adviser.
These
definitions
may
not
apply
for
purposes
of
this
report,
which
may
combine
such
industry
sub-classifications
for
reporting
ease.
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
17
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
S&P/TSX
60
Index
.........................................................
3
12/14/23
$
520
$
(15,526)
MSCI
EAFE
E-Mini
Index
.....................................................
5
12/15/23
510
(15,162)
MSCI
Emerging
Markets
E-Mini
Index
............................................
5
12/15/23
239
(7,022)
S&P
500
E-Mini
Index
.......................................................
6
12/15/23
1,298
(52,214)
U.S.
Treasury
10-Year
Note
...................................................
29
12/19/23
3,132
(56,041)
U.S.
Treasury
Long
Bond
.....................................................
52
12/19/23
5,920
(334,680)
U.S.
Treasury
2-Year
Note
....................................................
86
12/29/23
17,432
(61,409)
(542,054)
Short
Contracts
MSCI
EAFE
E-Mini
Index
.....................................................
24
12/15/23
2,450
59,583
MSCI
Emerging
Markets
E-Mini
Index
............................................
40
12/15/23
1,911
48,047
S&P
500
E-Mini
Index
.......................................................
46
12/15/23
9,949
413,754
U.S.
Treasury
10-Year
Note
...................................................
135
12/19/23
14,582
309,094
U.S.
Treasury
10-Year
Ultra
Note
...............................................
42
12/19/23
4,684
141,967
U.S.
Treasury
Long
Bond
.....................................................
75
12/19/23
8,538
461,214
U.S.
Treasury
Ultra
Bond
.....................................................
38
12/19/23
4,517
314,006
U.S.
Treasury
5-Year
Note
....................................................
30
12/29/23
3,160
29,922
1,777,587
$
1,235,533
Forward
Foreign
Currency
Exchange
Contracts
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation  
(Depreciation)
AUD
6,616,796
USD
4,236,092
BNP
Paribas
SA
12/20/23
$
30,046
CAD
5,860,654
USD
4,298,604
BNP
Paribas
SA
12/20/23
21,792
USD
121,648
EUR
113,000
Barclays
Bank
plc
12/20/23
1,725
USD
123,897
GBP
99,100
Standard
Chartered
Bank
12/20/23
2,916
USD
1,162,929
JPY
168,903,000
Bank
of
America
NA
12/20/23
17,554
74,033
EUR
7,594,727
USD
8,176,977
Barclays
Bank
plc
12/20/23
(116,956)
$
(42,923)
Centrally
Cleared
Credit
Default
Swaps
—
Buy
Protection
Reference
Obligation/Index
Financing
Rate
Paid
by
the
Fund
Payment
Frequency
Termination
Date
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Markit
CDX
North
American
Investment
Grade
Index
Series
41.V1
................
1.00
%
Quarterly
12/20/28
USD
21,000
$
(257,379)
$
(304,007)
$
46,628
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
18
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments.
These
inputs
to
valuation
techniques
are
categorized
into
a
fair
value
hierarchy
consisting
of
three
broad
levels
for
financial
reporting
purposes
as
follows:
Level
1
—
Unadjusted
price
quotations
in
active
markets/exchanges
for
identical
assets
or
liabilities
that
the
Fund
has
the
ability
to
access;
Level
2
—
Other
observable
inputs
(including,
but
not
limited
to,
quoted
prices
for
similar
assets
or
liabilities
in
markets
that
are
active,
quoted
prices
for
identical
or
similar
assets
or
liabilities
in
markets
that
are
not
active,
inputs
other
than
quoted
prices
that
are
observable
for
the
assets
or
liabilities
(such
as
interest
rates,
yield
curves,
volatilities,
prepayment
speeds,
loss
severities,
credit
risks
and
default
rates)
or
other
market-corroborated
inputs);
and
Level
3
—
Unobservable
inputs
based
on
the
best
information
available
in
the
circumstances,
to
the
extent
observable
inputs
are
not
available
(including
the
Valuation
Committee's
assumptions
used
in
determining
the
fair
value
of
financial
instruments).
The
hierarchy
gives
the
highest
priority
to
unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
(Level
1
measurements)
and
the
lowest
priority
to
unobservable
inputs
(Level
3
measurements).
Accordingly,
the
degree
of
judgment
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
fair
value
hierarchy
classification
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Investments
classified
within
Level
3
have
significant
unobservable
inputs
used
by
the
Valuation
Committee
in
determining
the
price
for
Fair
Valued
Investments.
Level
3
investments
include
equity
or
debt
issued
by
privately
held
companies
or
funds.
There
may
not
be
a
secondary
market,
and/
or
there
are
a
limited
number
of
investors.
The
categorization
of
a
value
determined
for
financial
instruments
is
based
on
the
pricing
transparency
of
the
financial
instruments
and
is
not
necessarily
an
indication
of
the
risks
associated
with
investing
in
those
securities.
For
information
about
the
Fund’s
policy
regarding
valuation
of
financial
instruments,
refer
to
its
most
recent
financial
statements.
Certain
investments
of
the
Fund
were
fair
valued
using
net
asset
value
("NAV")
as
a
practical
expedient
as
no
quoted
market
value
is
available
and
therefore
have
been
excluded
from
the
fair
value
hierarchy.
The
following
table
summarizes
the
Fund’s
financial
instruments
categorized
in
the
fair
value
hierarchy.
The
breakdown
of
the
Fund's
financial
instruments
into
major
categories
is
disclosed
in
the
Schedule
of
Investments
above.
OTC
Total
Return
Swaps
Paid
by
the
Fund
Received
by
the
Fund
Rate/Reference
Frequency
Rate/Reference
Frequency
Counterparty
Termination
Date
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
1-day
SOFR
minus
0.02%
.........
Quarterly
MSCI
ACWI
ESG
Universal
Index
Quarterly
BNP
Paribas
SA
04/03/24
USD
25,195
$
(1,269,252)
$
—
$
(1,269,252)
The
following
reference
rates,
and
their
values
as
of
period
end,
are
used
for
security
descriptions:
Reference
Index
Reference
Rate
1-day
SOFR
.........................................
Secured
Overnight
Financing
Rate
5.32
%
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Asset-Backed
Securities
...................................
$
—
$
814,224
$
—
$
814,224
Common
Stocks
Aerospace
&
Defense
....................................
22,376
701,632
—
724,008
Air
Freight
&
Logistics
....................................
70,204
333,027
—
403,231
Automobile
Components
..................................
133,941
241,041
—
374,982
Automobiles
..........................................
4,938,935
3,861,582
—
8,800,517
Banks
...............................................
4,614,893
10,597,888
—
15,212,781
Beverages
...........................................
5,331,626
1,080,996
—
6,412,622
Biotechnology
.........................................
3,140,364
613,679
—
3,754,043
Broadline
Retail
........................................
8,735,504
1,081,957
—
9,817,461
Building
Products
.......................................
601,867
—
—
601,867
Capital
Markets
........................................
4,916,760
1,256,858
—
6,173,618
Chemicals
............................................
410,783
1,926,678
—
2,337,461
Commercial
Services
&
Supplies
.............................
647,067
—
—
647,067
Communications
Equipment
................................
646,948
473,926
—
1,120,874
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
19
Level
1
Level
2
Level
3
Total
Construction
&
Engineering
................................
$
3,086,058
$
266,813
$
—
$
3,352,871
Consumer
Finance
......................................
1,803,558
16,415
—
1,819,973
Consumer
Staples
Distribution
&
Retail
........................
4,438,938
1,663,492
—
6,102,430
Containers
&
Packaging
..................................
128,416
—
—
128,416
Diversified
Consumer
Services
..............................
50,273
30,182
—
80,455
Diversified
Telecommunication
Services
........................
—
1,036,387
—
1,036,387
Electric
Utilities
........................................
350,530
1,954,223
—
2,304,753
Electrical
Equipment
.....................................
—
2,864,688
—
2,864,688
Electronic
Equipment,
Instruments
&
Components
.................
430,404
1,232,249
—
1,662,653
Energy
Equipment
&
Services
..............................
—
41,370
—
41,370
Entertainment
.........................................
1,184,754
1,129,826
—
2,314,580
Financial
Services
......................................
4,952,322
167,527
—
5,119,849
Food
Products
.........................................
1,982,221
2,991,091
—
4,973,312
Gas
Utilities
...........................................
13,179
19,718
—
32,897
Ground
Transportation
...................................
1,168,457
—
—
1,168,457
Health
Care
Equipment
&
Supplies
...........................
4,867,595
98,216
—
4,965,811
Health
Care
Providers
&
Services
............................
5,517,883
—
—
5,517,883
Health
Care
Technology
..................................
94,400
—
—
94,400
Hotels,
Restaurants
&
Leisure
..............................
1,936,419
1,774,836
—
3,711,255
Household
Durables
.....................................
46,320
858,717
—
905,037
Household
Products
.....................................
983,096
—
—
983,096
Independent
Power
and
Renewable
Electricity
Producers
............
100,785
—
—
100,785
Industrial
Conglomerates
..................................
5,674,465
1,584,241
—
7,258,706
Industrial
REITs
........................................
—
437,848
—
437,848
Insurance
............................................
5,131,996
2,371,114
—
7,503,110
Interactive
Media
&
Services
...............................
9,505,871
2,651,131
—
12,157,002
IT
Services
...........................................
3,247,868
72,280
—
3,320,148
Leisure
Products
.......................................
—
348,562
—
348,562
Life
Sciences
Tools
&
Services
..............................
1,920,540
123,175
—
2,043,715
Machinery
............................................
2,211,708
1,008,970
—
3,220,678
Marine
Transportation
....................................
—
662,285
—
662,285
Media
...............................................
590,346
—
—
590,346
Metals
&
Mining
........................................
1,378,711
2,957,796
—
4,336,507
Multi-Utilities
..........................................
—
1,090,350
—
1,090,350
Oil,
Gas
&
Consumable
Fuels
...............................
9,689,969
909,444
—
10,599,413
Paper
&
Forest
Products
..................................
19,602
—
—
19,602
Passenger
Airlines
......................................
—
724,881
—
724,881
Personal
Care
Products
..................................
9,253
559,194
—
568,447
Pharmaceuticals
.......................................
5,709,687
7,001,006
—
12,710,693
Professional
Services
....................................
1,636,660
2,511,420
—
4,148,080
Real
Estate
Management
&
Development
.......................
453,550
2,445,470
—
2,899,020
Retail
REITs
..........................................
—
63,834
—
63,834
Semiconductors
&
Semiconductor
Equipment
....................
10,431,628
2,744,865
—
13,176,493
Software
.............................................
16,084,812
2,336,117
—
18,420,929
Specialized
REITs
......................................
566,781
—
—
566,781
Specialty
Retail
........................................
2,836,553
255,408
—
3,091,961
Technology
Hardware,
Storage
&
Peripherals
....................
14,837,693
1,053,576
—
15,891,269
Textiles,
Apparel
&
Luxury
Goods
............................
2,381,291
1,964,964
—
4,346,255
Trading
Companies
&
Distributors
............................
551,776
151,343
—
703,119
Transportation
Infrastructure
...............................
86,746
186,588
—
273,334
Water
Utilities
.........................................
150,299
307,918
—
458,217
Wireless
Telecommunication
Services
.........................
142,075
521,370
—
663,445
Corporate
Bonds
Aerospace
&
Defense
....................................
—
72,364
—
72,364
Air
Freight
&
Logistics
....................................
—
45,149
—
45,149
Automobile
Components
..................................
—
202,996
—
202,996
Automobiles
..........................................
—
254,487
—
254,487
Banks
...............................................
—
16,756,779
250
16,757,029
Beverages
...........................................
—
4,790,452
—
4,790,452
Biotechnology
.........................................
—
2,954,977
—
2,954,977
Broadline
Retail
........................................
—
153,207
—
153,207
Building
Products
.......................................
—
1,607,220
—
1,607,220
Capital
Markets
........................................
—
8,741,877
—
8,741,877
Chemicals
............................................
—
131,914
—
131,914
Fair
Value
Hierarchy
as
of
Period
End
(continued)
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
20
Level
1
Level
2
Level
3
Total
Commercial
Services
&
Supplies
.............................
$
—
$
236,331
$
—
$
236,331
Communications
Equipment
................................
—
1,204,181
—
1,204,181
Construction
&
Engineering
................................
—
990,643
—
990,643
Construction
Materials
....................................
—
29,663
—
29,663
Consumer
Finance
......................................
—
1,523,724
—
1,523,724
Consumer
Staples
Distribution
&
Retail
........................
—
66,221
—
66,221
Diversified
REITs
.......................................
—
925,863
—
925,863
Diversified
Telecommunication
Services
........................
—
263,580
—
263,580
Electric
Utilities
........................................
—
1,860,013
—
1,860,013
Electronic
Equipment,
Instruments
&
Components
.................
—
811,401
—
811,401
Energy
Equipment
&
Services
..............................
—
218,503
—
218,503
Entertainment
.........................................
—
94,789
—
94,789
Financial
Services
......................................
—
1,404,799
—
1,404,799
Food
Products
.........................................
—
1,591,400
—
1,591,400
Gas
Utilities
...........................................
—
250,884
—
250,884
Ground
Transportation
...................................
—
167,259
—
167,259
Health
Care
Equipment
&
Supplies
...........................
—
1,283,116
—
1,283,116
Health
Care
Providers
&
Services
............................
—
4,823,838
—
4,823,838
Health
Care
REITs
......................................
—
289,852
—
289,852
Health
Care
Technology
..................................
—
777,232
—
777,232
Hotels,
Restaurants
&
Leisure
..............................
—
1,105,553
—
1,105,553
Household
Durables
.....................................
—
1,347,286
—
1,347,286
Household
Products
.....................................
—
13,095
—
13,095
Industrial
Conglomerates
..................................
—
793,855
—
793,855
Insurance
............................................
—
2,356,618
—
2,356,618
IT
Services
...........................................
—
1,340,749
—
1,340,749
Life
Sciences
Tools
&
Services
..............................
—
15,943
—
15,943
Machinery
............................................
—
528,932
—
528,932
Media
...............................................
—
444,810
—
444,810
Metals
&
Mining
........................................
—
1,222,500
—
1,222,500
Office
REITs
..........................................
—
18,225
—
18,225
Oil,
Gas
&
Consumable
Fuels
...............................
—
961,483
—
961,483
Paper
&
Forest
Products
..................................
—
113,137
—
113,137
Passenger
Airlines
......................................
—
179,532
—
179,532
Pharmaceuticals
.......................................
—
3,610,972
—
3,610,972
Professional
Services
....................................
—
1,848,306
—
1,848,306
Real
Estate
Management
&
Development
.......................
—
764,489
—
764,489
Retail
REITs
..........................................
—
38,195
—
38,195
Semiconductors
&
Semiconductor
Equipment
....................
—
3,455,064
—
3,455,064
Software
.............................................
—
4,626,942
—
4,626,942
Specialized
REITs
......................................
—
570,443
—
570,443
Specialty
Retail
........................................
—
1,300,285
—
1,300,285
Technology
Hardware,
Storage
&
Peripherals
....................
—
256,580
—
256,580
Transportation
Infrastructure
...............................
—
238,541
—
238,541
Floating
Rate
Loan
Interests
.................................
—
—
770
770
Investment
Companies
....................................
8,382,286
—
—
8,382,286
Non-Agency
Mortgage-Backed
Securities
........................
—
667,506
—
667,506
Other
Interests
..........................................
—
—
—
—
Preferred
Securities
Banks
...............................................
364,853
—
—
364,853
Chemicals
............................................
323,402
—
—
323,402
Electrical
Equipment
.....................................
—
307,067
—
307,067
Passenger
Airlines
......................................
122,494
—
—
122,494
Rights
................................................
303
—
—
303
U.S.
Government
Sponsored
Agency
Securities
....................
—
34,048,546
—
34,048,546
U.S.
Treasury
Obligations
...................................
—
39,853,249
—
39,853,249
Short-Term
Securities
Money
Market
Funds
......................................
7,232,938
—
—
7,232,938
U.S.
Treasury
Obligations
...................................
—
10,493,542
—
10,493,542
Liabilities
Investments
TBA
Sale
Commitments
....................................
—
(24,672)
—
(24,672)
Investment
Sold
Short
Fair
Value
Hierarchy
as
of
Period
End
(continued)
Schedule
of
Investments
(unaudited)
(continued)
September
30,
2023
BlackRock
Sustainable
Balanced
Portfolio
21
Level
1
Level
2
Level
3
Total
U.S.
Treasury
Obligations
...................................
$
—
$
(1,525,912)
$
—
$
(1,525,912)
$
179,023,032
$
241,669,963
$
1,020
$
420,694,015
Investments
Valued
at
NAV
(a)
......................................
2,350,372
$
423,044,387
Derivative
Financial
Instruments
(b)
Assets
Credit
contracts
...........................................
$
—
$
46,628
$
—
$
46,628
Equity
contracts
...........................................
521,384
—
—
521,384
Foreign
currency
exchange
contracts
............................
—
74,033
—
74,033
Interest
rate
contracts
.......................................
1,256,203
—
—
1,256,203
Liabilities
Equity
contracts
...........................................
(89,924)
(1,269,252)
—
(1,359,176
)
Foreign
currency
exchange
contracts
............................
—
(116,956)
—
(116,956)
Interest
rate
contracts
.......................................
(452,130)
—
—
(452,130)
$
1,235,533
$
(1,265,547)
$
—
$
(30,014)
(a)
Certain
investments
of
the
Fund
were
fair
valued
using
NAV
as
a
practical
expedient
as
no
quoted
market
value
is
available
and
therefore
have
been
excluded
from
the
fair
value
hierarchy.
(b)
Derivative
financial
instruments
are
swaps,
futures
contracts
and
forward
foreign
currency
exchange
contracts.
Swaps,
futures
contracts
and
forward
foreign
currency
exchange
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Currency
Abbreviation
AUD
Australian
Dollar
BRL
Brazilian
Real
CAD
Canadian
Dollar
EUR
Euro
GBP
British
Pound
JPY
Japanese
Yen
USD
United
States
Dollar
Portfolio
Abbreviation
ABS
Asset-Backed
Security
ADR
American
Depositary
Receipts
CMT
Constant
Maturity
Treasury
CSMC
Credit
Suisse
Mortgage
Capital
CVA
Certification
Van
Aandelon
(Dutch
Certificate)
DAC
Designated
Activity
Company
ETF
Exchange-Traded
Fund
LIBOR
London
Interbank
Offered
Rate
MSCI
Morgan
Stanley
Capital
International
OTC
Over-the-counter
REIT
Real
Estate
Investment
Trust
SCA
Svenska
Cellulosa
Aktiebolaget
SOFR
Secured
Overnight
Financing
Rate
TBA
To-be-announced
Fair
Value
Hierarchy
as
of
Period
End
(continued)