Consolidated

Schedule

of

Investments

(unaudited)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

2

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Pa

r

(

000)

Value

Asset-Backed

Securities

Cayman

Islands

—

0.4%

(a)(b)

720

East

CLO

VII

Ltd.,

Series

2025-7A,

Class

A1,

(3-mo.

CME

Term

SOFR

at

1.06%

Floor

+

1.06%),

5.34%,

04/20/37

.................

USD

2,600

$

2,598,899

AGL

CLO

32

Ltd.,

Series

2024-32A,

Class

A1,

(3-mo.

CME

Term

SOFR

at

1.38%

Floor

+

1.38%),

5.71%,

07/21/37

.................

500

501,558

Anchorage

Capital

CLO

11

Ltd.,

Series

2019-11A,

Class

C1R2,

(3-mo.

CME

Term

SOFR

at

2.40%

Floor

+

2.40%),

6.73%,

07/22/37

.......

730

734,669

Anchorage

Capital

CLO

17

Ltd.,

Series

2021-17A,

Class

A1R,

(3-mo.

CME

Term

SOFR

at

1.23%

Floor

+

1.23%),

5.55%,

02/15/38

.......

750

750,806

Anchorage

Capital

CLO

7

Ltd.,

Series

2015-7A,

Class

AR3,

(3-mo.

CME

Term

SOFR

at

1.56%

Floor

+

1.56%),

5.87%,

04/28/37

.......

250

251,081

Apidos

CLO

XV,

Series

2013-15A,

Class

A1RR,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.27%),

5.60%,

04/20/31

............

114

113,870

Apidos

CLO

XX,

Series

2015-20A,

Class

A2RR,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.81%),

6.13%,

07/16/31

............

400

401,007

Apidos

CLO

XXII,

Series

2015-22A,

Class

A2R,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.76%),

6.09%,

04/20/31

.................

500

500,776

AREIT

Ltd.,

Series

2025-CRE10,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.39%

Floor

+

1.39%),

5.73%,

12/17/29

.

5,880

5,888,114

Assurant

CLO

I

Ltd.,

Series

2017-1A,

Class

CR,

(3-mo.

CME

Term

SOFR

at

2.15%

Floor

+

2.41%),

6.74%,

10/20/34

.................

720

720,863

Bain

Capital

Credit

CLO

Ltd.,

Series

2021-4A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.65%

Floor

+

1.65%),

5.98%,

10/20/34

.......

500

500,283

Battalion

CLO

VIII

Ltd.,

Series

2015-8A,

Class

A1R2,

(3-mo.

CME

Term

SOFR

at

1.07%

Floor

+

1.33%),

5.66%,

07/18/30

............

64

64,380

Battalion

CLO

X

Ltd.,

Series

2016-10A,

Class

A2R2,

(3-mo.

CME

Term

SOFR

at

1.55%

Floor

+

1.81%),

6.13%,

01/25/35

............

1,465

1,467,423

Battalion

CLO

XI

Ltd.,

Series

2017-11A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.72%

Floor

+

1.98%),

6.30%,

04/24/34

.................

712

713,362

BBAM

US

CLO

I

Ltd.,

Series

2022-1A,

Class

AR,

(3-mo.

CME

Term

SOFR

at

1.20%

Floor

+

1.20%),

5.52%,

03/30/38

.................

730

729,809

Benefit

Street

Partners

CLO

Ltd.,

Series

2015-6BR,

Class

A1R,

(3-mo.

CME

Term

SOFR

at

1.18%

Floor

+

1.18%),

5.51%,

04/20/38

.......

1,000

999,680

Security

Par

(000)

Par

(000)

Value

Cayman

Islands

(continued)

Bethpage

Park

CLO

Ltd.,

Series

2021-1A,

Class

A,

(3-mo.

CME

Term

SOFR

at

1.13%

Floor

+

1.39%),

5.71%,

01/15/35

............

USD

730

$

731,337

BlueMountain

CLO

Ltd.

Series

2013-2A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.86%),

6.19%,

10/22/30

...

454

454,772

Series

2014-2A,

Class

BR2,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.01%),

6.34%,

10/20/30

...

465

466,158

BlueMountain

CLO

XXII

Ltd.,

Series

2018-22A,

Class

B,

(3-mo.

CME

Term

SOFR

at

1.50%

Floor

+

1.76%),

6.08%,

07/15/31

.......

1,495

1,497,533

BlueMountain

CLO

XXIX

Ltd.,

Series

2020-29A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.75%

Floor

+

2.01%),

6.33%,

07/25/34

.......

625

628,431

Canyon

Capital

CLO

Ltd.,

Series

2016-

1A,

Class

CR,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.16%),

6.48%,

07/15/31

............

250

250,774

Cbam

Ltd.,

Series

2018-7A,

Class

A,

(3-mo.

CME

Term

SOFR

at

1.10%

Floor

+

1.36%),

5.69%,

07/20/31

.

106

105,718

Cedar

Funding

V

CLO

Ltd.,

Series

2016-5A,

Class

A1R,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.36%),

5.68%,

07/17/31

.......

124

124,556

CIFC

Funding

Ltd.

Series

2020-1A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.91%

Floor

+

1.91%),

6.23%,

07/15/36

...

2,475

2,480,761

Series

2024-3A,

Class

A1,

(3-mo.

CME

Term

SOFR

at

1.48%

Floor

+

1.48%),

5.81%,

07/21/37

...

700

703,028

Series

2025-1A,

Class

A,

(3-mo.

CME

Term

SOFR

at

1.15%

Floor

+

1.15%),

5.43%,

04/23/38

...

500

499,505

Series

2025-2A,

Class

A,

(3-mo.

CME

Term

SOFR

at

1.13%

Floor

+

1.13%),

5.41%,

04/15/38

...

1,500

1,498,531

Diameter

Capital

CLO

9

Ltd.,

Series

2025-9A,

Class

A,

(3-mo.

CME

Term

SOFR

at

1.17%

Floor

+

1.17%),

5.50%,

04/20/38

............

990

989,656

Dryden

55

CLO

Ltd.,

Series

2018-55A,

Class

A1,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.28%),

5.60%,

04/15/31

.................

89

88,641

Dryden

65

CLO

Ltd.,

Series

2018-65A,

Class

B,

(3-mo.

CME

Term

SOFR

at

1.60%

Floor

+

1.86%),

6.19%,

07/18/30

.................

250

250,817

Elmwood

CLO

II

Ltd.

Series

2019-2A,

Class

A1RR,

(3-mo.

CME

Term

SOFR

at

1.35%

Floor

+

1.35%),

5.68%,

10/20/37

...

400

401,229

Series

2019-2A,

Class

BRR,

(3-mo.

CME

Term

SOFR

at

1.70%

Floor

+

1.70%),

6.03%,

10/20/37

...

975

977,875

FS

Rialto,

Series

2021-FL3,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.36%

Floor

+

1.36%),

5.70%,

11/16/36

.

55

54,720

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

3

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Cayman

Islands

(continued)

Greystone

CRE

Notes

Ltd.,

Series

2021-FL3,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.02%

Floor

+

1.13%),

5.48%,

07/15/39

.......

USD

607

$

606,697

KKR

CLO

17

Ltd.,

Series

17,

Class

AR,

(3-mo.

CME

Term

SOFR

at

1.08%

Floor

+

1.34%),

5.66%,

04/15/34

.

500

500,750

LCM

36

Ltd.,

Series

36A,

Class

A1R,

(3-mo.

CME

Term

SOFR

at

1.07%

Floor

+

1.07%),

5.39%,

01/15/34

.

4,870

4,877,577

Madison

Park

Funding

LXXI

Ltd.,

Series

2025-71A,

Class

A1,

(3-mo.

CME

Term

SOFR

at

1.14%

Floor

+

1.14%),

5.41%,

04/23/38

.......

730

729,293

Madison

Park

Funding

Xlii,

Ltd.,

Series

13A,

Class

B,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.76%),

6.08%,

11/21/30

............

600

600,886

Madison

Park

Funding

XXXI

Ltd.,

Series

2018-31A,

Class

B1R,

(3-mo.

CME

Term

SOFR

at

1.80%

Floor

+

1.80%),

6.12%,

07/23/37

.......

250

250,375

Madison

Park

Funding

XXXVII

Ltd.,

Series

2019-37A,

Class

AR2,

(3-mo.

CME

Term

SOFR

at

1.53%

Floor

+

1.53%),

5.85%,

04/15/37

.......

750

752,998

MF1

Multifamily

Housing

Mortgage

Loan

Trust,

Series

2021-FL6,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.10%

Floor

+

1.21%),

5.56%,

07/16/36

.

527

525,983

Milford

Park

CLO

Ltd.,

Series

2022-1A,

Class

AR,

(3-mo.

CME

Term

SOFR

at

1.16%

Floor

+

1.16%),

5.49%,

01/20/38

.................

1,500

1,499,250

Myers

Park

CLO

Ltd.,

Series

2018-1A,

Class

B1,

(3-mo.

CME

Term

SOFR

at

1.60%

Floor

+

1.86%),

6.19%,

10/20/30

.................

250

250,769

Neuberger

Berman

CLO

XX

Ltd.,

Series

2015-20A,

Class

BR3,

(3-mo.

CME

Term

SOFR

at

1.50%

Floor

+

1.50%),

5.82%,

04/15/39

.......

250

249,894

Neuberger

Berman

Loan

Advisers

CLO

46

Ltd.,

Series

2021-46A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.50%

Floor

+

1.50%),

5.83%,

01/20/37

.

250

249,679

New

Mountain

CLO

1

Ltd.,

Series

CLO-

1A,

Class

A1RR,

(3-mo.

CME

Term

SOFR

at

1.25%

Floor

+

1.25%),

5.57%,

01/15/38

............

1,230

1,231,782

Oak

Hill

Credit

Partners

X-R

Ltd.,

Series

2014-10RA,

Class

AR2,

(3-mo.

CME

Term

SOFR

at

1.13%

Floor

+

1.13%),

5.46%,

04/20/38

.

1,350

1,348,674

Oaktree

CLO

Ltd.

Series

2021-2A,

Class

AR,

(3-mo.

CME

Term

SOFR

at

0.97%

Floor

+

0.97%),

5.29%,

01/15/35

...

730

729,852

Series

2024-27A,

Class

D1,

(3-mo.

CME

Term

SOFR

at

3.00%

Floor

+

3.00%),

7.33%,

10/22/37

...

1,000

1,005,367

OCP

CLO

Ltd.,

Series

2014-5A,

Class

A2R,

(3-mo.

CME

Term

SOFR

at

1.40%

Floor

+

1.66%),

5.98%,

04/26/31

.................

450

450,609

Security

Par

(000)

Par

(000)

Value

Cayman

Islands

(continued)

Octagon

Investment

Partners

46

Ltd.,

Series

2020-2A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.65%

Floor

+

1.91%),

6.23%,

07/15/36

.......

USD

800

$

802,038

Octagon

Investment

Partners

XVII

Ltd.,

Series

2013-1A,

Class

A2R2,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.36%),

5.68%,

01/25/31

.......

300

299,970

OHA

Credit

Funding

7

Ltd.,

Series

2020-7A,

Class

A1R2,

(3-mo.

CME

Term

SOFR

at

1.28%

Floor

+

1.28%),

5.54%,

07/19/38

.......

575

576,612

OHA

Loan

Funding

Ltd.

Series

2013-2A,

Class

AR,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.30%),

5.63%,

05/23/31

...

187

187,382

Series

2016-1A,

Class

B1R2,

(3-mo.

CME

Term

SOFR

at

1.70%

Floor

+

1.70%),

6.03%,

07/20/37

...

250

250,967

Palmer

Square

Loan

Funding

Ltd.,

Series

2022-3A,

Class

A1BR,

(3-mo.

CME

Term

SOFR

at

1.40%

Floor

+

1.40%),

5.72%,

04/15/31

.......

730

730,084

Pikes

Peak

CLO

4,

Series

2019-4A,

Class

ARR,

(3-mo.

CME

Term

SOFR

at

1.21%

Floor

+

1.21%),

5.53%,

07/15/34

.................

350

350,501

Recette

CLO

Ltd.,

Series

2015-1A,

Class

BRR,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.66%),

5.99%,

04/20/34

.................

250

250,444

Reese

Park

CLO

Ltd.,

Series

2020-1A,

Class

ARR,

(3-mo.

CME

Term

SOFR

at

1.32%

Floor

+

1.32%),

5.64%,

01/15/38

.................

730

732,163

Regatta

31

Funding

Ltd.,

Series

2025-

1A,

Class

A1,

(3-mo.

CME

Term

SOFR

at

1.17%

Floor

+

1.17%),

5.40%,

03/25/38

............

1,100

1,099,087

Regatta

VII

Funding

Ltd.,

Series

2016-

1A,

Class

A1R2,

(3-mo.

CME

Term

SOFR

at

1.15%

Floor

+

1.41%),

5.73%,

06/20/34

............

450

450,675

Regatta

XVIII

Funding

Ltd.

Series

2021-1A,

Class

A1R,

(3-mo.

CME

Term

SOFR

at

1.16%

Floor

+

1.16%),

5.48%,

04/15/38

...

1,500

1,498,575

Series

2021-1A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.55%

Floor

+

1.55%),

5.87%,

04/15/38

...

600

600,689

Rockford

Tower

CLO

Ltd.

Series

2017-1A,

Class

BR2A,

(3-mo.

CME

Term

SOFR

at

1.65%

Floor

+

1.91%),

6.24%,

04/20/34

...

500

500,971

Series

2017-2A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.50%

Floor

+

1.76%),

6.08%,

10/15/29

...

500

500,890

Series

2018-1A,

Class

A,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.36%),

5.68%,

05/20/31

...

96

96,117

Romark

CLO

II

Ltd.,

Series

2018-2A,

Class

A1R,

(3-mo.

CME

Term

SOFR

at

1.14%

Floor

+

1.14%),

5.46%,

07/25/31

.................

131

131,278

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

4

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Cayman

Islands

(continued)

RR

28

Ltd.,

Series

2024-28RA,

Class

A1R,

(3-mo.

CME

Term

SOFR

at

1.55%

Floor

+

1.55%),

5.87%,

04/15/37

.................

USD

5,718

$

5,742,049

RR

38

Ltd.,

Series

2025-38A,

Class

A1A,

(3-mo.

CME

Term

SOFR

at

1.15%

Floor

+

1.15%),

5.47%,

04/15/40

.................

250

249,760

Signal

Peak

CLO

5

Ltd.,

Series

2018-

5A,

Class

A1R,

(3-mo.

CME

Term

SOFR

at

1.55%

Floor

+

1.55%),

5.87%,

04/25/37

............

300

301,237

Sixth

Street

CLO

XIII

Ltd.,

Series

2019-

13A,

Class

D1R2,

(3-mo.

CME

Term

SOFR

at

2.60%

Floor

+

2.60%),

6.93%,

01/21/38

............

1,000

1,002,053

Symphony

CLO

XXI

Ltd.,

Series

2019-

21A,

Class

AR2,

(3-mo.

CME

Term

SOFR

at

0.90%

Floor

+

0.90%),

5.22%,

07/15/32

............

711

711,251

TICP

CLO

VI

Ltd.

Series

2016-6A,

Class

AR2,

(3-mo.

CME

Term

SOFR

at

1.12%

Floor

+

1.38%),

5.70%,

01/15/34

...

500

500,889

Series

2016-6A,

Class

BR2,

(3-mo.

CME

Term

SOFR

at

1.50%

Floor

+

1.76%),

6.08%,

01/15/34

...

500

500,639

TICP

CLO

XII

Ltd.,

Series

2018-12A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.65%

Floor

+

1.91%),

6.23%,

07/15/34

.................

700

701,734

Trinitas

CLO

XIV

Ltd.

Series

2020-14A,

Class

BR,

(3-mo.

CME

Term

SOFR

at

1.95%

Floor

+

1.95%),

6.27%,

01/25/34

...

1,070

1,067,218

Series

2020-14A,

Class

CR,

(3-mo.

CME

Term

SOFR

at

2.40%

Floor

+

2.40%),

6.72%,

01/25/34

...

940

941,419

Voya

CLO

Ltd.

Series

2013-3A,

Class

A1RR,

(3-mo.

CME

Term

SOFR

at

1.15%

Floor

+

1.41%),

5.74%,

10/18/31

...

95

95,519

Series

2018-3A,

Class

A1R2,

(3-mo.

CME

Term

SOFR

at

1.20%

Floor

+

1.20%),

5.52%,

10/15/31

...

153

152,733

Series

2019-2A,

Class

AR,

(3-mo.

CME

Term

SOFR

at

1.20%

Floor

+

1.20%),

5.53%,

07/20/32

...

849

849,827

Whitebox

CLO

I

Ltd.,

Series

2019-1A,

Class

BRR,

(3-mo.

CME

Term

SOFR

at

1.75%

Floor

+

1.75%),

6.07%,

07/24/36

.................

1,200

1,201,200

68,077,028

Ireland

—

0.6%

(b)

AB

Carval

Euro

CLO

II-C

DAC,

Series

2X,

Class

D,

(3-mo.

EURIBOR

at

3.75%

Floor

+

3.75%),

5.89%,

02/15/37

(c)

................

EUR

2,350

2,715,134

Arbour

CLO

VI

DAC,

Series

6X,

Class

DR,

(3-mo.

EURIBOR

at

3.20%

Floor

+

3.20%),

5.34%,

11/15/37

(c)

2,720

3,100,879

Arcano

Euro

CLO

I

DAC,

Series

1X,

Class

D,

(3-mo.

EURIBOR

at

3.40%

Floor

+

3.40%),

5.59%,

04/25/39

(c)

3,200

3,682,728

Security

Par

(000)

Par

(000)

Value

Ireland

(continued)

Arcano

Euro

CLO

II

DAC,

Series

2X,

Class

D,

(3-mo.

EURIBOR

at

3.30%

Floor

+

3.30%),

0.00%,

07/25/39

(c)

EUR

1,430

$

1,631,916

Arini

European

CLO

IV

DAC,

Series

4X,

Class

D,

(3-mo.

EURIBOR

at

3.50%

Floor

+

3.50%),

5.53%,

01/15/38

(c)

3,920

4,525,215

Arini

European

CLO

V

DAC,

Series

5X,

Class

D,

(3-mo.

EURIBOR

at

2.80%

Floor

+

2.80%),

5.17%,

01/15/39

(c)

2,080

2,370,703

Aurium

CLO

XIII

DAC,

Series

13X,

Class

D,

(3-mo.

EURIBOR

at

2.80%

Floor

+

2.80%),

5.17%,

04/15/38

(c)

1,440

1,631,477

Avoca

CLO

XVIII

DAC,

Series

18X,

Class

DR,

(3-mo.

EURIBOR

at

3.05%

Floor

+

3.05%),

5.08%,

01/15/38

(c)

................

1,560

1,790,435

Avoca

Static

CLO

I

DAC,

Series

1X,

Class

DR,

(3-mo.

EURIBOR

at

2.90%

Floor

+

2.90%),

4.93%,

01/15/35

(c)

................

1,360

1,546,503

Capital

Four

CLO

VIII

DAC,

Series

8X,

Class

D,

(3-mo.

EURIBOR

at

3.25%

Floor

+

3.25%),

5.19%,

10/25/37

(c)

3,200

3,677,443

CIFC

European

Funding

CLO

II

DAC,

Series

2X,

Class

B1,

(3-mo.

EURIBOR

at

1.60%

Floor

+

1.60%),

3.63%,

04/15/33

(c)

...........

593

679,294

Contego

CLO

V

DAC,

Series

5X,

Class

DR,

(3-mo.

EURIBOR

at

3.10%

Floor

+

3.10%),

5.13%,

10/15/37

(c)

2,030

2,318,937

Contego

CLO

VII

DAC,

Series

7X,

Class

DR,

(3-mo.

EURIBOR

at

3.45%

Floor

+

3.45%),

5.42%,

01/23/38

(c)

................

2,640

3,019,641

Contego

CLO

XI

DAC,

Series

11X,

Class

DR,

(3-mo.

EURIBOR

at

3.20%

Floor

+

3.20%),

5.30%,

11/20/38

(c)

.................

2,000

2,291,894

CVC

Cordatus

Opportunity

Loan

Fund-R

DAC,

Series

1X,

Class

DR,

(3-mo.

EURIBOR

at

2.80%

Floor

+

2.80%),

4.94%,

08/15/33

(c)

.....

6,410

7,295,970

Fidelity

Grand

Harbour

CLO

DAC,

Series

2023-1X,

Class

DR,

(3-mo.

EURIBOR

at

2.70%

Floor

+

2.70%),

4.84%,

02/15/38

(c)

...........

2,720

3,080,072

Harvest

CLO

XXXII

DAC,

Series

32X,

Class

D,

(3-mo.

EURIBOR

at

3.60%

Floor

+

3.60%),

5.54%,

07/25/37

(c)

2,002

2,298,802

Henley

CLO

Xi

DAC,

Series

11X,

Class

D,

(3-mo.

EURIBOR

at

2.60%

Floor

+

2.60%),

4.96%,

04/25/39

(c)

....

3,140

3,577,990

Henley

CLO

XII

DAC,

Series

12X,

Class

D,

(3-mo.

EURIBOR

at

3.10%

Floor

+

3.10%),

5.13%,

01/15/38

(c)

1,980

2,276,337

Holland

Park

CLO

DAC,

Series

1X,

Class

A1RR,

(3-mo.

EURIBOR

at

0.92%

Floor

+

0.92%),

3.06%,

11/14/32

(c)

.................

250

285,271

Jubilee

CLO

DAC,

Series

2024-29X,

Class

D,

(3-mo.

EURIBOR

at

3.20%

Floor

+

3.20%),

5.23%,

01/15/39

(c)

3,370

3,860,336

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

5

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Ireland

(continued)

Palmer

Square

European

Loan

Funding

DAC

(c)

Series

2024-2X,

Class

D,

(3-mo.

EURIBOR

at

3.15%

Floor

+

3.15%),

5.29%,

05/15/34

....

EUR

2,400

$

2,744,770

Series

2024-3X,

Class

D,

(3-mo.

EURIBOR

at

3.05%

Floor

+

3.05%),

5.19%,

05/15/34

....

1,980

2,259,064

Penta

CLO

17

DAC,

Series

2024-17X,

Class

D,

(3-mo.

EURIBOR

at

3.25%

Floor

+

3.25%),

5.39%,

08/15/38

(c)

2,210

2,531,630

Prodigy

Finance

DAC

(a)

Series

2021-1A,

Class

B,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.61%),

6.97%,

07/25/51

...

USD

345

348,875

Series

2021-1A,

Class

C,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

3.86%),

8.22%,

07/25/51

...

200

204,708

Series

2021-1A,

Class

D,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

6.01%),

10.37%,

07/25/51

..

131

134,669

Providus

CLO

II

DAC,

Series

2X,

Class

DRR,

(3-mo.

EURIBOR

at

3.20%

Floor

+

3.20%),

5.23%,

10/15/38

(c)

EUR

2,160

2,461,592

Rockford

Tower

Europe

CLO

DAC,

Series

2025-1X,

Class

D,

(3-mo.

EURIBOR

at

3.00%

Floor

+

3.00%),

5.21%,

10/25/37

(c)

...........

2,640

3,030,344

Sona

Fios

CLO

III

DAC,

Series

3X,

Class

D,

(3-mo.

EURIBOR

at

3.25%

Floor

+

3.25%),

5.27%,

04/20/37

(c)

4,300

4,897,540

Sona

Fios

CLO

V

DAC,

Series

5X,

Class

D,

(3-mo.

EURIBOR

at

3.30%

Floor

+

3.30%),

0.00%,

08/25/38

(c)

1,500

1,711,800

Texas

Debt

Capital

Euro

CLO

DAC,

Series

2025-1X,

Class

D,

(3-mo.

EURIBOR

at

3.00%

Floor

+

3.00%),

5.20%,

04/16/39

(c)

...........

3,200

3,668,915

Tikehau

CLO

XII

DAC,

Series

12X,

Class

D,

(3-mo.

EURIBOR

at

3.25%

Floor

+

3.25%),

5.27%,

10/20/38

(c)

3,828

4,408,489

Victory

Street

CLO

I

DAC,

Series

1X,

Class

D,

(3-mo.

EURIBOR

at

3.45%

Floor

+

3.45%),

5.48%,

01/15/38

(c)

2,960

3,412,171

89,471,544

Jersey,

Channel

Islands

—

0.0%

Bayswater

Park

CLO

Ltd.,

Series

2023-

1A,

Class

A1,

(3-mo.

CME

Term

SOFR

at

1.73%

Floor

+

1.73%),

6.06%,

01/20/37

(a)(b)

..........

USD

750

752,346

United

Kingdom

—

0.0%

Unique

Pub

Finance

Co.

plc

(The),

Series

N,

6.46%,

03/30/32

(c)

....

GBP

3,001

4,102,029

Zilch

Finance

2

Ltd.,

8.22%,

10/26/27

(b)

(d)

......................

350

462,227

4,564,256

United

States

—

1.5%

(a)

Ajax

Mortgage

Loan

Trust

(b)

Series

2021-E,

Class

A1,

1.74%,

12/25/60

...............

USD

18,387

16,175,384

Series

2021-E,

Class

A2,

2.69%,

12/25/60

...............

3,304

2,559,674

Series

2021-E,

Class

B1,

3.73%,

12/25/60

...............

2,184

1,436,948

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2021-E,

Class

M1,

2.94%,

12/25/60

...............

USD

1,332

$

975,817

Bankers

Healthcare

Group

Securitization

Trust,

Series

2020-A,

Class

C,

5.17%,

09/17/31

......

730

728,819

College

Avenue

Student

Loans

LLC,

Series

2021-B,

Class

D,

3.78%,

06/25/52

.................

142

133,143

Concord

Music

Royalties

LLC,

Series

2024-1A,

Class

A,

5.64%,

10/20/74

2,999

3,015,700

Cook

Park

CLO

Ltd.,

Series

2018-1A,

Class

B,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.66%),

5.98%,

04/17/30

(b)

................

1,148

1,149,226

FNA

8

LLC,

Series

2025-1,

Class

A,

5.62%,

03/15/45

(b)

...........

6,537

6,539,298

FS

Rialto

Issuer

LLC,

Series

2025-

FL10,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.39%

Floor

+

1.39%),

5.74%,

08/19/42

(b)

...........

5,070

5,082,559

GoodLeap

Home

Improvement

Solutions

Trust,

Series

2024-1A,

Class

A,

5.35%,

10/20/46

......

10,542

10,623,063

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2021-3CS,

Class

A,

2.10%,

05/20/48

............

2,882

2,243,673

GreenSky

Home

Improvement

Trust

Series

2024-1,

Class

A4,

5.67%,

06/25/59

...............

6,250

6,354,120

Series

2024-1,

Class

B,

5.87%,

06/25/59

...............

997

1,011,395

Home

Efficiency,

0.00%,

12/31/54

(b)(d)

19,107

19,458,827

Huntington

Bank

Auto

Credit-Linked

Notes,

Series

2024-1,

Class

B2,

(SOFR

30

day

Average

at

0.00%

Floor

+

1.40%),

5.75%,

05/20/32

(b)

3,755

3,769,241

Lendmark

Funding

Trust,

Series

2021-

2A,

Class

D,

4.46%,

04/20/32

...

2,210

1,994,123

Lyra

Music

Assets

Delaware

LP,

Series

2024-2A,

Class

A2,

5.76%,

12/22/64

7,275

7,336,074

Mariner

Finance

Issuance

Trust

Series

2024-AA,

Class

A,

5.13%,

09/22/36

...............

5,203

5,245,129

Series

2024-AA,

Class

D,

6.77%,

09/22/36

...............

861

884,387

Navient

Private

Education

Refi

Loan

Trust

Series

2021-DA,

Class

A,

(US

Prime

Rate

at

0.00%

Floor

-

1.99%),

5.51%,

04/15/60

(b)

.........

5,180

5,111,703

Series

2021-DA,

Class

B,

2.61%,

04/15/60

...............

1,446

1,287,592

Series

2021-DA,

Class

C,

3.48%,

04/15/60

...............

3,884

3,602,717

Series

2024-A,

Class

A,

5.66%,

10/15/72

...............

11,707

11,935,356

Nelnet

Student

Loan

Trust

Series

2021-A,

Class

B1,

2.85%,

04/20/62

...............

6,099

5,434,062

Series

2021-A,

Class

D,

4.93%,

04/20/62

...............

6,030

5,395,786

Series

2021-BA,

Class

C,

3.57%,

04/20/62

...............

6,450

5,615,037

Series

2021-CA,

Class

C,

3.36%,

04/20/62

...............

850

721,207

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

6

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2025-AA,

Class

A1B,

(SOFR

30

day

Average

at

0.00%

Floor

+

1.10%),

5.44%,

03/15/57

(b)

...

USD

11,488

$

11,421,678

Pagaya

AI

Debt

Selection

Trust,

Series

2021-2,

Class

NOTE,

3.00%,

01/25/29

.................

290

287,969

PFS

Financing

Corp.,

5.54%,

10/16/28

(d)

................

10,000

10,038,000

Progress

Residential

Trust,

Series

2021-SFR3,

Class

F,

3.44%,

05/17/26

.................

2,736

2,697,420

Republic

Finance

Issuance

Trust,

Series

2024-A,

Class

A,

5.91%,

08/20/32

.................

8,036

8,127,311

RMIT

Cash

Management

LLC,

Series

2021-3,

Class

A,

3.88%,

10/17/33

(d)

27,070

25,987,200

SLM

Private

Education

Loan

Trust,

Series

2010-C,

Class

A5,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.86%),

9.21%,

10/15/41

(b)

.....

8,912

9,329,421

SMB

Private

Education

Loan

Trust

Series

2021-A,

Class

B,

2.31%,

01/15/53

...............

1,479

1,436,933

Series

2021-A,

Class

C,

2.99%,

01/15/53

...............

10,776

9,336,135

Series

2021-C,

Class

B,

2.30%,

01/15/53

...............

1,026

990,810

Series

2021-C,

Class

C,

3.00%,

01/15/53

...............

706

607,771

Series

2021-C,

Class

D,

3.93%,

01/15/53

...............

197

173,834

Series

2024-D,

Class

A1B,

(SOFR

30

day

Average

at

1.10%

Floor

+

1.10%),

5.44%,

07/15/53

(b)

...

7,010

7,015,332

SoFi

Personal

Loan

Trust

  0.00%,

10/15/30

(e)

..........

164

6,505,162

Series

2023-1A,

Class

A,

6.00%,

11/12/30

...............

3,624

3,655,685

Series

2024-1A,

Class

A,

6.06%,

02/12/31

...............

4,502

4,517,258

Splitrock

Services,

Inc.,

0.00%,

02/12/31

.................

148

4,174,880

Subway

Funding

LLC,

Series

2024-1A,

Class

A2II,

6.27%,

07/30/54

....

5,177

5,267,164

247,390,023

Total

Asset-Backed

Securities

—

2.5%

(Cost:

$415,313,452)

.............................

410,255,197

Shares

Shares

Common

Stocks

Australia

—

0.3%

BHP

Group

Ltd.

...............

506,272

12,786,019

Fortescue

Ltd.

................

135,909

1,537,710

IREN

Ltd.

(f)(g)

.................

103,589

1,668,819

Macquarie

Group

Ltd.

...........

38,044

5,268,540

Quintis

HoldCo

Pty.

Ltd.

(d)(f)(h)

......

43,735,802

281

Santos

Ltd.

..................

342,617

1,724,011

Telix

Pharmaceuticals

Ltd.

(f)

.......

223,792

2,998,186

Transurban

Group

(i)

............

926,507

8,199,425

Woolworths

Group

Ltd.

..........

339,262

6,849,055

Worley

Ltd.

..................

79,619

677,564

41,709,610

Security

Shares

Shares

Value

Austria

—

0.0%

Raiffeisen

Bank

International

AG

...

14,931

$

431,124

Belgium

—

0.0%

Elia

Group

SA/NV

.............

22,400

2,584,363

Brazil

—

0.2%

B3

SA

-

Brasil

Bolsa

Balcao

.......

3,224,181

7,231,959

Banco

do

Brasil

SA

............

2,034,101

7,185,313

Eneva

SA

(f)

..................

593,096

1,422,486

Lojas

Renner

SA

..............

1,647,221

4,765,558

MercadoLibre,

Inc.

(f)

............

4,160

9,875,382

Rede

D'Or

Sao

Luiz

SA

(a)(c)

.......

52,440

303,240

Rumo

SA

...................

99,721

295,447

Seguridade

Participacoes

SA

......

726,400

4,365,236

Vale

SA

....................

50,102

476,813

XP,

Inc.

,

Class

A

..............

25,237

407,325

36,328,759

Cambodia

—

0.0%

NagaCorp

Ltd.

(f)

...............

512,000

269,676

Canada

—

1.0%

Agnico

Eagle

Mines

Ltd.

.........

20,374

2,529,252

Algoma

Steel

Group,

Inc.

........

547,037

2,926,648

Alimentation

Couche-Tard,

Inc.

.....

216,370

11,243,245

Barrick

Mining

Corp.

............

562,178

11,867,571

Cameco

Corp.

................

644,459

48,289,313

Canadian

National

Railway

Co.

....

109,685

10,241,805

Canadian

Natural

Resources

Ltd.

...

278,302

8,809,415

Cenovus

Energy,

Inc.

...........

466,810

7,105,242

Constellation

Software,

Inc.

.......

797

2,749,627

Fortis,

Inc.

..................

12,204

597,165

Franco-Nevada

Corp.

...........

2,261

360,167

Power

Corp.

of

Canada

.........

21,250

856,380

Shopify,

Inc.

,

Class

A

(f)

..........

35,425

4,330,205

Suncor

Energy,

Inc.

............

877,371

34,604,738

TC

Energy

Corp.

..............

131,285

6,268,631

Teck

Resources

Ltd.

,

Class

B

.....

170,540

5,529,996

Thomson

Reuters

Corp.

.........

43,857

8,801,786

167,111,186

Cayman

Islands

—

0.0%

Accelerant

Holdings

,

Class

A

(f)

.....

44,532

1,226,411

Chile

—

0.0%

Wom

New

Holdco

(d)(f)

...........

5,047

126,175

China

—

1.5%

Airtac

International

Group

........

124,000

3,526,749

Alibaba

Group

Holding

Ltd.

,

ADR

...

104,011

12,546,847

BYD

Co.

Ltd.

,

Class

H

..........

3,575,000

52,198,067

Contemporary

Amperex

Technology

Co.

Ltd.

,

Class

A

...............

711,999

26,002,496

Eastroc

Beverage

Group

Co.

Ltd.

,

Class

A

..................

119,700

4,667,173

Geely

Automobile

Holdings

Ltd.

....

1,335,000

2,994,429

Great

Wall

Motor

Co.

Ltd.

,

Class

A

..

2,811,441

8,414,198

Haidilao

International

Holding

Ltd.

(a)(c)

793,000

1,405,749

Hygon

Information

Technology

Co.

Ltd.

,

Class

A

..................

212,922

4,090,648

JD.com,

Inc.

,

Class

A

...........

528,400

8,328,611

NetEase,

Inc.

................

415,700

10,867,335

Nongfu

Spring

Co.

Ltd.

,

Class

H

(a)(c)

..

170,537

985,302

Pop

Mart

International

Group

Ltd.

(a)(c)

.

352,600

10,998,959

Prosus

NV

,

Class

N

............

290,685

16,605,615

Shenzhou

International

Group

Holdings

Ltd.

.....................

361,600

2,602,349

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

7

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

China

(continued)

Sungrow

Power

Supply

Co.

Ltd.

,

Class

A

......................

280,497

$

2,792,886

Tencent

Holdings

Ltd.

...........

882,281

61,770,469

Weichai

Power

Co.

Ltd.

,

Class

H

...

2,065,000

4,377,524

Xiaomi

Corp.

,

Class

B

(a)(c)(f)

........

547,800

3,685,572

Yum

China

Holdings,

Inc.

........

185,611

8,664,322

247,525,300

Colombia

—

0.0%

Grupo

Cibest

SA

,

ADR

..........

15,621

678,264

Czech

Republic

—

0.0%

Komercni

Banka

A/S

...........

15,324

729,968

Moneta

Money

Bank

A/S

(a)(c)

......

92,327

642,193

1,372,161

Denmark

—

0.5%

Carlsberg

A/S

,

Class

B

..........

8,406

1,047,953

Coloplast

A/S

,

Class

B

..........

36,504

3,333,985

DSV

A/S

....................

167,874

37,618,047

Genmab

A/S

(f)

................

12,524

2,696,385

Novo

Nordisk

A/S

,

Class

B

.......

531,012

24,696,309

Pandora

A/S

.................

10,165

1,678,198

Vestas

Wind

Systems

A/S

........

525,966

9,603,134

80,674,011

Finland

—

0.1%

Elisa

OYJ

...................

56,295

2,896,532

Kone

OYJ

,

Class

B

............

61,516

3,777,604

Sampo

OYJ

,

Class

A

...........

325,164

3,490,208

10,164,344

France

—

2.0%

Accor

SA

...................

535,095

27,120,710

Air

Liquide

SA

................

4,152

816,850

Airbus

SE

...................

63,415

12,749,913

AXA

SA

....................

54,517

2,647,847

Bouygues

SA

................

105,647

4,350,181

Carrefour

SA

.................

253,441

3,632,068

Cie

de

Saint-Gobain

SA

.........

443,865

50,918,929

Dassault

Systemes

SE

..........

246,250

8,089,622

Edenred

SE

.................

27,717

791,545

Eiffage

SA

..................

51,841

6,958,901

Engie

SA

...................

96,680

2,173,196

EssilorLuxottica

SA

............

223,998

66,606,824

Hermes

International

SCA

........

28,821

70,481,467

L'Oreal

SA

..................

6,289

2,782,779

LVMH

Moet

Hennessy

Louis

Vuitton

SE

62,161

33,368,775

Orange

SA

..................

486,619

7,402,001

Safran

SA

...................

16,821

5,546,749

Sodexo

SA

..................

54,856

3,262,479

Thales

SA

...................

12,314

3,312,392

Vivendi

SE

..................

341,937

1,296,216

314,309,444

Georgia

—

0.0%

Lion

Finance

Group

plc

..........

12,536

1,256,788

Germany

—

0.7%

Allianz

SE

(Registered)

..........

41,496

16,398,308

Evonik

Industries

AG

...........

169,760

3,371,107

Merck

KGaA

.................

43,702

5,462,071

MTU

Aero

Engines

AG

..........

886

382,184

Northern

Data

AG

(f)(g)

...........

45,011

1,087,638

RWE

AG

...................

119,953

4,921,100

SAP

SE

....................

218,458

62,469,332

Siemens

Energy

AG

(f)

...........

99,119

11,475,876

Symrise

AG

.................

59,275

5,373,119

Security

Shares

Shares

Value

Germany

(continued)

Vonovia

SE

..................

135,037

$

4,190,953

115,131,688

Greece

—

0.0%

Athens

International

Airport

SA

.....

103,978

1,186,597

Hellenic

Telecommunications

Organization

SA

,

Class

R

......

34,483

625,697

National

Bank

of

Greece

SA

......

55,162

769,430

OPAP

SA

,

Class

R

.............

30,526

684,881

3,266,605

Hong

Kong

—

0.1%

AIA

Group

Ltd.

...............

147,203

1,372,546

Prudential

plc

................

498,970

6,330,026

Techtronic

Industries

Co.

Ltd.

......

531,500

6,355,493

14,058,065

Hungary

—

0.0%

OTP

Bank

Nyrt.

...............

28,886

2,343,982

India

—

0.1%

Axis

Bank

Ltd.

................

22,224

269,890

Bajaj

Finance

Ltd.

.............

22,970

229,869

Eicher

Motors

Ltd.

.............

10,127

630,129

GAIL

India

Ltd.

...............

206,215

415,402

Hindustan

Aeronautics

Ltd.

(c)

......

41,784

2,150,457

ICICI

Bank

Ltd.

...............

20,956

352,885

Infosys

Ltd.

..................

163,567

2,781,775

ITC

Ltd.

....................

202,438

949,373

Tata

Consultancy

Services

Ltd.

....

164,473

5,672,090

Think

&

Learn

Pvt

Ltd.,

(Acquired

12/11/20,

cost

$8,580,000)

(d)(f)(j)

...

5,720

—

13,451,870

Indonesia

—

0.0%

Astra

International

Tbk.

PT

.......

3,722,000

1,150,547

Bank

Mandiri

Persero

Tbk.

PT

.....

6,591,900

1,794,519

Bank

Syariah

Indonesia

Tbk.

PT

....

2,813,570

464,479

Ciputra

Development

Tbk.

PT

.....

17,330,700

965,286

Mitra

Adiperkasa

Tbk.

PT

........

6,880,100

490,967

Telkom

Indonesia

Persero

Tbk.

PT

..

1,843,000

323,621

5,189,419

Ireland

—

0.2%

Accenture

plc

,

Class

A

..........

91,721

24,498,679

Kingspan

Group

plc

............

55,064

4,569,870

29,068,549

Israel

—

0.0%

(f)

Deep

Instinct

Ltd.

(d)

............

346,564

20,794

Etoro

Group

Ltd.

,

Class

A

........

61,658

3,697,013

3,717,807

Italy

—

1.5%

Banca

Monte

dei

Paschi

di

Siena

SpA

244,864

2,084,632

BPER

Banca

SpA

.............

535,850

5,273,046

Ferrari

NV

..................

33,297

14,600,991

FinecoBank

Banca

Fineco

SpA

....

157,775

3,359,666

Intesa

Sanpaolo

SpA

...........

14,506,275

87,404,178

Leonardo

SpA

................

112,167

6,046,154

Mediobanca

Banca

di

Credito

Finanziario

SpA

.............

196,143

4,318,357

UniCredit

SpA

................

1,504,610

110,699,943

Wizz

Air

Holdings

plc

(a)(c)(f)

........

49,846

823,491

234,610,458

Japan

—

1.8%

Advantest

Corp.

...............

38,600

2,566,867

Asahi

Intecc

Co.

Ltd.

...........

166,500

2,591,088

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

8

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Japan

(continued)

Asahi

Kasei

Corp.

.............

471,800

$

3,282,671

Bridgestone

Corp.

.............

15,700

635,068

Canon,

Inc.

..................

277,800

7,890,254

Dai-ichi

Life

Holdings,

Inc.

........

1,340,300

10,604,698

Daiichi

Sankyo

Co.

Ltd.

..........

287,927

7,063,405

Daikin

Industries

Ltd.

...........

21,521

2,646,133

Daiwa

Securities

Group,

Inc.

......

234,000

1,629,074

Ebara

Corp.

.................

62,600

1,143,128

ENEOS

Holdings,

Inc.

..........

1,853,800

9,729,921

FANUC

Corp.

................

50,364

1,401,981

Fast

Retailing

Co.

Ltd.

..........

9,300

2,836,776

FUJIFILM

Holdings

Corp.

........

268,209

5,563,253

GMO

Payment

Gateway,

Inc.

......

48,600

2,708,616

Idemitsu

Kosan

Co.

Ltd.

.........

486,600

3,128,165

Isetan

Mitsukoshi

Holdings

Ltd.

....

145,200

2,052,036

Japan

Exchange

Group,

Inc.

......

473,600

4,628,201

Japan

Post

Bank

Co.

Ltd.

........

1,377,400

15,373,569

Japan

Post

Holdings

Co.

Ltd.

......

480,600

4,450,679

Japan

Tobacco,

Inc.

............

476,900

13,620,088

Kakaku.com,

Inc.

..............

148,400

2,522,278

Kansai

Paint

Co.

Ltd.

...........

137,986

1,953,868

Kawasaki

Kisen

Kaisha

Ltd.

.......

359,700

5,081,442

KDDI

Corp.

..................

132,200

2,169,616

Keyence

Corp.

...............

41,000

14,830,990

Komatsu

Ltd.

................

193,300

6,227,720

Kuraray

Co.

Ltd.

..............

233,500

2,886,872

LY

Corp.

....................

1,839,000

6,721,850

Mazda

Motor

Corp.

............

407,600

2,444,174

MISUMI

Group,

Inc.

............

181,400

2,612,166

Mitsubishi

Corp.

...............

81,500

1,607,457

Mitsubishi

Electric

Corp.

.........

79

1,777

Mitsubishi

UFJ

Financial

Group,

Inc.

.

910,349

12,547,130

MS&AD

Insurance

Group

Holdings,

Inc.

127,200

2,717,765

Murata

Manufacturing

Co.

Ltd.

.....

985,300

14,665,289

Nexon

Co.

Ltd.

...............

302,800

5,540,648

Nidec

Corp.

.................

281,000

5,391,346

Nikon

Corp.

.................

174,300

1,692,749

Nintendo

Co.

Ltd.

..............

900

75,221

Nippon

Paint

Holdings

Co.

Ltd.

.....

292,296

2,477,952

Nippon

Steel

Corp.

.............

20,900

402,493

Nippon

Yusen

KK

..............

206,500

7,241,913

Nissan

Chemical

Corp.

..........

100,800

3,285,956

Nomura

Holdings,

Inc.

..........

388,400

2,565,886

Obayashi

Corp.

...............

217,900

3,208,634

Olympus

Corp.

...............

624,600

7,462,130

Rakus

Co.

Ltd.

...............

135,795

2,082,766

Rakuten

Group,

Inc.

(f)

...........

514,700

2,604,236

Rohto

Pharmaceutical

Co.

Ltd.

.....

98,800

1,410,281

Santen

Pharmaceutical

Co.

Ltd.

....

195,607

2,161,246

Shimizu

Corp.

................

476,300

5,276,437

Socionext,

Inc.

...............

95,300

1,795,911

SoftBank

Group

Corp.

..........

44,600

3,405,609

Sumitomo

Mitsui

Financial

Group,

Inc.

312,200

7,875,748

Suzuki

Motor

Corp.

............

594,100

6,527,718

TOTO

Ltd.

..................

159,100

4,050,083

Toyota

Motor

Corp.

............

331,600

5,898,371

Toyota

Tsusho

Corp.

............

202,300

4,636,380

Trend

Micro,

Inc.

..............

88,138

5,374,520

Unicharm

Corp.

...............

412,100

2,850,557

Yamaha

Motor

Co.

Ltd.

..........

267,199

1,932,604

Yaskawa

Electric

Corp.

..........

104,800

2,191,974

283,955,434

Security

Shares

Shares

Value

Kazakhstan

—

0.0%

(c)

Halyk

Savings

Bank

of

Kazakhstan

JSC

,

GDR

................

28,078

$

697,332

Kaspi.KZ

JSC

,

ADR

............

13,193

1,040,928

1,738,260

Macau

—

0.0%

Wynn

Macau

Ltd.

..............

5,034,601

4,172,732

Malaysia

—

0.0%

CIMB

Group

Holdings

Bhd.

.......

249,900

382,001

Frontken

Corp.

Bhd.

............

949,200

898,569

1,280,570

Mexico

—

0.1%

Cemex

SAB

de

CV

............

2,136,982

1,865,682

Fomento

Economico

Mexicano

SAB

de

CV

.....................

48,437

437,281

Fresnillo

plc

.................

269,206

4,963,804

Grupo

Aeroportuario

del

Sureste

SAB

de

CV

,

Class

B

.............

49,833

1,510,549

Grupo

Financiero

Banorte

SAB

de

CV

,

Class

O

..................

905,135

8,066,329

Grupo

Mexico

SAB

de

CV,

Series

B

.

109,096

682,912

17,526,557

Netherlands

—

0.9%

Argenx

SE

(f)

.................

10,061

6,757,268

Argenx

SE

,

ADR

(f)

.............

4,190

2,808,682

ASML

Holding

NV

.............

132,793

92,035,330

ING

Groep

NV

................

536,737

12,508,895

Koninklijke

KPN

NV

............

351,895

1,572,092

Koninklijke

Vopak

NV

...........

29,704

1,418,990

NXP

Semiconductors

NV

........

107,259

22,928,757

Teya

Services

Ltd.,

Series

C,

(Acquired

06/03/24,

cost

$10,172,087)

(d)(f)(j)

..

5,237

1,557,536

Wolters

Kluwer

NV

.............

38,856

6,052,172

147,639,722

Norway

—

0.1%

DNB

Bank

ASA

...............

74,242

1,878,304

Kongsberg

Gruppen

ASA

........

212,366

6,346,162

Telenor

ASA

.................

250,508

3,843,019

12,067,485

Peru

—

0.0%

Credicorp

Ltd.

................

9,131

2,164,047

Philippines

—

0.0%

Ayala

Land,

Inc.

...............

1,256,300

536,761

Bloomberry

Resorts

Corp.

........

2,810,000

195,579

DigiPlus

Interactive

Corp.

........

536,060

231,581

International

Container

Terminal

Services,

Inc.

..............

64,880

498,176

Metropolitan

Bank

&

Trust

Co.

.....

385,660

489,728

1,951,825

Poland

—

0.1%

LPP

SA

....................

343

1,523,387

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

.................

30,264

662,676

Powszechny

Zaklad

Ubezpieczen

SA

422,351

7,079,019

9,265,082

Portugal

—

0.0%

Jeronimo

Martins

SGPS

SA

.......

41,646

1,015,233

Republic

of

Turkiye

—

0.0%

Akbank

TAS

.................

940,971

1,560,091

Eldorado

Gold

Corp.

(f)

...........

75,012

1,537,746

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

9

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Republic

of

Turkiye

(continued)

Turkiye

Is

Bankasi

A/S

,

Class

C

....

4,071,678

$

1,482,258

4,580,095

Romania

—

0.0%

Banca

Transilvania

SA

..........

126,975

788,338

Saudi

Arabia

—

0.0%

Al

Rajhi

Bank

................

98,248

2,477,232

Elm

Co.

....................

2,653

642,759

Etihad

Etisalat

Co.

.............

98,839

1,612,579

Saudi

Basic

Industries

Corp.

......

30,178

439,665

Saudi

National

Bank

(The)

........

39,569

394,863

Yanbu

National

Petrochemical

Co.

..

71,965

584,625

6,151,723

Singapore

—

0.1%

Sea

Ltd.

,

ADR,

Class

A

(f)

.........

20,779

3,255,030

STMicroelectronics

NV

..........

151,127

3,840,737

UOL

Group

Ltd.

...............

181,454

959,202

8,054,969

South

Africa

—

0.1%

FirstRand

Ltd.

................

1,233,948

5,240,036

Harmony

Gold

Mining

Co.

Ltd.

.....

399,508

5,349,183

Kumba

Iron

Ore

Ltd.

............

58,550

968,170

Mr

Price

Group

Ltd.

............

187,882

2,174,112

Valterra

Platinum

Ltd.

...........

138,832

6,234,933

Vodacom

Group

Ltd.

...........

51,638

394,253

20,360,687

South

Korea

—

0.3%

GS

Engineering

&

Construction

Corp.

86,904

1,205,288

HD

Hyundai

Heavy

Industries

Co.

Ltd.

9,544

3,349,556

HD

Hyundai

Marine

Solution

Co.

Ltd.

4,092

598,512

HD

Hyundai

Mipo

.............

23,898

3,636,670

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

.........

7,943

2,041,209

KB

Financial

Group,

Inc.

.........

18,601

1,477,817

Kia

Corp.

...................

24,717

1,808,562

Krafton,

Inc.

(f)

................

21,349

5,026,744

KT&G

Corp.

.................

42,771

4,008,664

Misto

Holdings

Corp.

...........

20,577

529,751

NAVER

Corp.

................

63,819

10,740,428

Samsung

Electronics

Co.

Ltd.

.....

194,333

9,903,982

SK

Hynix,

Inc.

................

31,824

6,167,999

50,495,182

Spain

—

0.6%

Banco

Bilbao

Vizcaya

Argentaria

SA

.

1,398,493

23,324,441

Banco

de

Sabadell

SA

..........

2,392,220

8,829,457

Bankinter

SA

.................

502,785

7,176,871

CaixaBank

SA

................

1,665,057

15,665,375

Cellnex

Telecom

SA

(a)(c)

..........

998,376

35,232,250

Industria

de

Diseno

Textil

SA

......

110,286

5,268,040

Repsol

SA

..................

328,698

4,983,643

100,480,077

Sweden

—

0.2%

Assa

Abloy

AB

,

Class

B

.........

20,581

681,030

Atlas

Copco

AB

,

Class

A

.........

372,744

5,676,290

Boliden

AB

(f)

.................

42,506

1,301,076

EQT

AB

....................

32,518

1,086,885

Evolution

AB

(a)(c)

...............

98,249

8,740,340

Intrum

AB

(f)

..................

19,742

113,970

Investor

AB

,

Class

B

............

171,958

4,983,260

SSAB

AB

,

Class

A

.............

199,977

1,153,198

SSAB

AB

,

Class

B

.............

384,213

2,171,447

Security

Shares

Shares

Value

Sweden

(continued)

Volvo

AB

,

Class

B

.............

196,847

$

5,653,407

31,560,903

Switzerland

—

0.6%

ABB

Ltd.

(Registered)

...........

27,820

1,816,594

Belimo

Holding

AG

(Registered)

....

5,407

6,292,277

Galderma

Group

AG

............

90,713

13,980,519

Geberit

AG

(Registered)

.........

16,678

12,776,996

Kuehne

+

Nagel

International

AG

(Registered)

...............

38,871

7,924,980

Logitech

International

SA

(Registered)

96,358

8,934,980

Partners

Group

Holding

AG

.......

13,755

18,490,804

SGS

SA

(Registered)

...........

40,969

4,163,000

Straumann

Holding

AG

(Registered)

.

10,120

1,233,020

TE

Connectivity

plc

............

25,384

5,222,758

UBS

Group

AG

(Registered)

......

169,670

6,305,620

Zurich

Insurance

Group

AG

.......

10,954

7,471,796

94,613,344

Taiwan

—

1.2%

Accton

Technology

Corp.

........

125,000

3,691,776

ASE

Technology

Holding

Co.

Ltd.

...

57,000

276,415

ASMedia

Technology,

Inc.

........

44,000

2,768,330

ASPEED

Technology,

Inc.

........

25,000

3,786,019

eMemory

Technology,

Inc.

........

26,000

1,760,058

Genius

Electronic

Optical

Co.

Ltd.

..

242,713

3,495,508

Global

Unichip

Corp.

...........

60,000

2,402,837

International

Games

System

Co.

Ltd.

175,000

4,575,846

King

Slide

Works

Co.

Ltd.

........

43,000

3,786,134

MediaTek,

Inc.

................

176,200

7,979,142

Realtek

Semiconductor

Corp.

.....

398,208

7,614,085

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

..................

3,743,000

144,102,833

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

,

ADR

..............

24,000

5,798,880

192,037,863

Thailand

—

0.0%

CP

ALL

PCL

.................

999,100

1,443,538

Krungthai

Card

PCL

............

293,400

255,323

True

Corp.

PCL

,

NVDR

(f)

.........

1,974,800

626,541

2,325,402

United

Arab

Emirates

—

0.1%

Abu

Dhabi

Commercial

Bank

PJSC

.

175,230

775,410

Air

Arabia

PJSC

...............

690,487

698,031

Aldar

Properties

PJSC

..........

333,052

860,652

Borouge

plc

.................

1,045,131

750,748

Emaar

Development

PJSC

.......

138,231

564,113

Emaar

Properties

PJSC

.........

674,383

2,792,825

NMC

Health

plc

(d)(f)

.............

1,077,976

14

6,441,793

United

Kingdom

—

3.0%

Admiral

Group

plc

.............

141,010

6,356,241

AstraZeneca

plc

..............

53,787

7,847,075

B&M

European

Value

Retail

SA

....

739,410

2,185,602

BAE

Systems

plc

..............

4,301,285

102,631,420

British

American

Tobacco

plc

......

117,500

6,295,339

Bunzl

plc

...................

157,849

4,684,559

Compass

Group

plc

............

2,225,251

78,194,151

Flutter

Entertainment

plc

(f)

........

99,221

29,990,540

Genius

Sports

Ltd.

(f)

............

635,957

7,154,516

Grand

Rounds,

Inc.,

(Acquired

06/03/24,

cost

$31,181,561)

(d)(f)(j)

..

11,562,554

9,134,418

Imperial

Brands

plc

............

113,413

4,420,769

J

Sainsbury

plc

...............

1,793,702

7,172,290

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

10

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

United

Kingdom

(continued)

Lloyds

Banking

Group

plc

........

3,886,179

$

3,985,076

Marks

&

Spencer

Group

plc

.......

1,004,560

4,613,534

National

Grid

plc

..............

6,208,182

87,237,897

NatWest

Group

plc

.............

1,240,131

8,608,472

RELX

plc

...................

1,627,236

84,552,954

Rolls-Royce

Holdings

plc

........

2,080,584

29,529,689

Schroders

plc

................

285,691

1,468,495

486,063,037

United

States

—

48.6%

Abbott

Laboratories

............

25,283

3,190,462

AbbVie,

Inc.

.................

34,320

6,487,166

Adobe,

Inc.

(f)(k)

................

71,390

25,535,489

Advanced

Micro

Devices,

Inc.

(f)

....

18,793

3,313,394

Air

Products

&

Chemicals,

Inc.

.....

108,604

31,264,920

Airbnb,

Inc.

,

Class

A

(f)(k)

..........

31,750

4,204,017

Alcon

AG

...................

72,476

6,353,824

ALL

Health

Services

Corp.,

(Acquired

06/03/24,

cost

$0)

(d)

(f)(j)

........

304

—

Alphabet,

Inc.

,

Class

C

..........

1,418,862

273,641,725

Altria

Group,

Inc.

..............

146,842

9,095,393

Amazon.com,

Inc.

(f)(k)

...........

1,499,968

351,157,508

AMC

Networks,

Inc.

,

Class

A

(f)

.....

90,448

541,784

Amentum

Holdings,

Inc.

(f)

........

215,152

5,372,345

Amgen,

Inc.

.................

22,102

6,522,300

Amphenol

Corp.

,

Class

A

........

114,055

12,147,998

Analog

Devices,

Inc.

............

34,956

7,852,166

Anduril

Investors

LLC,

Series

G

(d)(f)

..

132,173

5,403,232

Apollo

Global

Management,

Inc.

(k)

...

363,312

52,796,500

Apple,

Inc.

(k)

.................

1,367,982

283,952,024

Applied

Materials,

Inc.

..........

60,411

10,877,605

Arista

Networks,

Inc.

(f)

...........

20,167

2,484,978

AT&T,

Inc.

...................

627,464

17,198,788

Atmos

Energy

Corp.

............

3,827

596,706

Autodesk,

Inc.

(f)

...............

128,132

38,838,091

Avaya,

Inc.

(f)

.................

1,123

7,615

Ball

Corp.

...................

79,418

4,547,475

Bank

of

America

Corp.

..........

2,724,900

128,806,023

Best

Buy

Co.,

Inc.

.............

95,836

6,235,090

Boeing

Co.

(The)

(f)

.............

452,255

100,328,249

Booking

Holdings,

Inc.

..........

2,925

16,099,375

Boston

Scientific

Corp.

(f)

.........

969,146

101,682,798

BP

plc

.....................

726,231

3,892,804

Broadcom,

Inc.

...............

622,521

182,834,418

Cadence

Design

Systems,

Inc.

(f)

....

68,746

25,062,729

Caesars

Entertainment,

Inc.

(f)

......

83,482

2,227,300

Capital

One

Financial

Corp.

.......

589,760

126,798,327

CarMax,

Inc.

(f)

................

271,552

15,372,559

Carrier

Global

Corp.

............

116,587

8,000,200

Centene

Corp.

(f)

...............

109,497

2,854,587

Century

Communities,

Inc.

.......

55,268

3,111,036

CF

Industries

Holdings,

Inc.

.......

129,719

12,041,815

Charter

Communications,

Inc.

,

Class

A

(f)

14,183

3,820,333

Cheniere

Energy,

Inc.

...........

15,689

3,700,721

Chevron

Corp.

................

433,134

65,680,440

Chipotle

Mexican

Grill,

Inc.

(f)

......

93,654

4,015,884

Cisco

Systems,

Inc.

............

936,394

63,749,704

Citigroup,

Inc.

................

1,451,040

135,962,448

Coca-Cola

Co.

(The)

...........

62,289

4,228,800

Coinbase

Global,

Inc.

,

Class

A

(f)

....

8,207

3,100,276

Comerica,

Inc.

................

11,752

794,083

CommScope

Holding

Co.,

Inc.

(f)

....

227,906

1,868,829

Confluent,

Inc.

,

Class

A

(f)

.........

1,583,484

28,067,254

Core

Scientific,

Inc.

(f)

...........

115,474

1,563,518

CoreWeave,

Inc.

,

Class

A

,

(Acquired

03/27/25,

cost

$5,187,989)

(f)(j)

....

110,400

12,599,952

Security

Shares

Shares

Value

United

States

(continued)

Costco

Wholesale

Corp.

.........

135,538

$

127,356,926

Crescent

Midstream

Private

(d)(f)(l)

....

5,696,000

5,696,000

CRH

plc

....................

510,760

48,752,042

Crowdstrike

Holdings,

Inc.

,

Class

A

(f)

.

28,184

12,811,601

Crown

PropTech

Acquisitions

(d)(f)

....

308,496

250,206

Crown

PropTech

Acquisitions

,

Class

A

(f)

108,245

1,231,828

CSL

Ltd.

....................

24,101

4,169,093

CyberArk

Software

Ltd.

(f)

.........

35,818

14,738,032

Danaher

Corp.

...............

118,844

23,431,283

Davidson

Kempner

Merchant

Co.-Invest

Fund

LP,

(Acquired

04/07/21,

cost

$0)

(f)(j)(l)

...................

—

(m)

23,068,689

DaVita,

Inc.

(f)

.................

43,510

6,107,499

Deckers

Outdoor

Corp.

(f)

.........

23,668

2,512,832

Delta

Air

Lines,

Inc.

............

611,872

32,557,709

Devon

Energy

Corp.

............

14,331

476,076

Dexcom,

Inc.

(f)

................

73,675

5,950,730

DF

Residential

III

LP

(d)(f)

..........

7,796,037

8,029,918

Digital

Realty

Trust,

Inc.

.........

23,329

4,116,169

Dillard's,

Inc.

,

Class

A

...........

2,715

1,267,715

Dollar

General

Corp.

...........

43,052

4,516,155

DoorDash,

Inc.

,

Class

A

(f)

........

8,806

2,203,701

DR

Horton,

Inc.

...............

199,522

28,499,722

DraftKings,

Inc.

,

Class

A

(f)

........

232,114

10,454,415

Duke

Energy

Corp.

............

109,400

13,307,416

DuPont

de

Nemours,

Inc.

........

132,832

9,550,621

eBay,

Inc.

...................

45,800

4,202,150

Edison

International

............

105,551

5,501,318

Edwards

Lifesciences

Corp.

(f)

......

78,558

6,230,435

Electronic

Arts,

Inc.

............

40,127

6,118,966

Eli

Lilly

&

Co.

................

230,085

170,279,006

EMCOR

Group,

Inc.

............

6,209

3,896,085

EOG

Resources,

Inc.

...........

207,271

24,876,665

EPAM

Systems,

Inc.

(f)

...........

4,998

788,235

Epic

Games,

Inc.,

(Acquired

10/17/24,

cost

$33,724,034)

(d)(f)(j)

........

61,803

47,415,880

EQT

Corp.

..................

782,560

42,062,600

Erie

Indemnity

Co.

,

Class

A

.......

19,728

7,027,903

Eversource

Energy

............

82,316

5,441,088

EXO

Capital

Technologies,

Inc.,

(Acquired

05/22/25,

cost

$8,339,244)

(d)(f)(j)

............

14,236

5,125

EXO

Capital

Technologies,

Inc.,

Series

D

,

Class

E

,

(Acquired

05/22/25,

cost

$403,846)

(d)(f)(j)

..............

661,698

489,656

Experian

plc

.................

79,053

4,165,362

FactSet

Research

Systems,

Inc.

....

8,569

3,452,450

Fair

Isaac

Corp.

(f)

..............

5,570

8,002,530

Fanatics

Holdings,

Inc.

,

Class

A

,

(Acquired

12/15/21,

cost

$40,652,984)

(d)(f)(j)

............

599,248

36,494,203

Farmers

Business

Network,

Inc.

(d)(f)

..

310,205

400,164

Fifth

Third

Bancorp

............

97,708

4,061,722

Figma,

Inc.

,

Class

A

(f)

...........

23,801

2,749,016

First

Citizens

BancShares,

Inc.

,

Class

A

2,099

4,187,001

First

Horizon

Corp.

.............

65,871

1,436,647

Fiserv,

Inc.

(f)

.................

428,706

59,564,412

Flagstar

Financial,

Inc.

..........

849,545

9,591,363

Flowco

Holdings,

Inc.

,

Class

A

.....

176,823

3,306,590

Ford

Motor

Co.

...............

585,610

6,482,703

Formentera

Partners

Fund

II

LP

(d)(l)

..

—

(m)

10,519,819

Fortinet,

Inc.

(f)

................

171,840

17,166,816

Fortive

Corp.

.................

88,779

4,255,177

Fox

Corp.

,

Class

A

.............

322,982

18,009,476

FQT

Holding

Co.

LLC

(d)(f)

.........

2,439,185

3,951,480

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

11

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

United

States

(continued)

Freeport-McMoRan,

Inc.

.........

1,290,961

$

51,948,271

FreeWire

Technologies,

Inc.

(d)(f)

.....

166

—

Gartner,

Inc.

(f)

................

11,096

3,757,660

GE

Aerospace

................

79,442

21,535,137

GE

Vernova,

Inc.

..............

21,349

14,096,531

Gen

Digital,

Inc.

...............

154,765

4,564,020

General

Dynamics

Corp.

.........

9,501

2,960,607

Gilead

Sciences,

Inc.

...........

64,481

7,240,571

Goldman

Sachs

Group,

Inc.

(The)

..

26,121

18,900,894

Graco,

Inc.

..................

38,264

3,213,411

GSK

plc

....................

462,226

8,502,184

Hewlett

Packard

Enterprise

Co.

....

293,317

6,068,729

Hilton

Worldwide

Holdings,

Inc.

....

224,280

60,124,982

Holcim

AG

..................

47,243

3,767,626

Home

Depot,

Inc.

(The)

.........

229,667

84,404,919

Howmet

Aerospace,

Inc.

.........

98,213

17,655,751

HP,

Inc.

....................

681,762

16,907,698

Huntington

Ingalls

Industries,

Inc.

...

19,354

5,397,056

iHeartMedia,

Inc.

,

Class

A

(f)(g)

......

10,778

20,155

Interpublic

Group

of

Cos.,

Inc.

(The)

.

82,795

2,036,757

Intuit,

Inc.

...................

49,934

39,204,681

Intuitive

Surgical,

Inc.

(f)

..........

122,770

59,063,419

Invesco

Ltd.

.................

450,514

9,465,299

Jabil,

Inc.

...................

79,828

17,815,215

Johnson

&

Johnson

............

87,302

14,382,131

JPMorgan

Chase

&

Co.

.........

624,218

184,918,340

Keurig

Dr

Pepper,

Inc.

..........

18,587

606,866

Lam

Research

Corp.

...........

139,797

13,258,347

Las

Vegas

Sands

Corp.

.........

451,026

23,633,762

Latch,

Inc.

(f)

..................

520,854

62,502

Lionsgate

Studios

Corp.

(f)(g)

.......

699,154

4,138,992

Live

Nation

Entertainment,

Inc.

(f)(g)

...

384,280

56,758,156

Lockheed

Martin

Corp.

..........

68,120

28,677,158

Lumen

Technologies,

Inc.

(f)

.......

1,090,746

4,853,820

LyondellBasell

Industries

NV

,

Class

A

68,302

3,956,735

M/I

Homes,

Inc.

(f)

..............

13,994

1,681,939

Marathon

Petroleum

Corp.

.......

28,559

4,860,456

MarketAxess

Holdings,

Inc.

.......

52,471

10,782,791

Marsh

&

McLennan

Cos.,

Inc.

.....

333,285

66,390,372

Marvell

Technology,

Inc.

.........

152,090

12,223,473

Masimo

Corp.

(f)

...............

115,751

17,801,346

Mastercard,

Inc.

,

Class

A

.........

152,659

86,476,744

Match

Group,

Inc.

.............

674,987

23,131,804

McKesson

Corp.

..............

114,635

79,503,958

Medtronic

plc

................

704,675

63,589,872

Melange

Secondaries

Partners

(d)(f)(l)

..

—

(m)

8,206,254

Merck

&

Co.,

Inc.

..............

36,537

2,854,270

Meritage

Homes

Corp.

..........

22,436

1,510,840

Meta

Platforms,

Inc.

,

Class

A

......

322,394

249,352,415

Mettler-Toledo

International,

Inc.

(f)

...

2,379

2,934,925

MGM

Resorts

International

(f)

......

142,531

5,195,255

Microchip

Technology,

Inc.

........

93,135

6,294,995

Micron

Technology,

Inc.

..........

496,386

54,175,568

Microsoft

Corp.

...............

891,596

475,666,466

Moderna,

Inc.

(f)

...............

88,661

2,620,819

Mosaic

Co.

(The)

..............

257,103

9,258,279

MSCI,

Inc.

..................

30,465

17,101,832

Nasdaq,

Inc.

.................

7,166

689,513

Nestle

SA

(Registered)

..........

110,246

9,632,974

Netflix,

Inc.

(f)

.................

62,435

72,387,139

NextEra

Energy,

Inc.

...........

1,036,693

73,667,405

Northrop

Grumman

Corp.

........

12,440

7,173,028

Novartis

AG

(Registered)

........

180,690

20,578,257

NRG

Energy,

Inc.

..............

91,453

15,290,942

Nucor

Corp.

.................

33,244

4,756,219

Security

Shares

Shares

Value

United

States

(continued)

Nutanix,

Inc.

,

Class

A

(f)

..........

4,255

$

319,848

NVIDIA

Corp.

(k)

...............

2,708,853

481,823,683

Omnicom

Group,

Inc.

...........

134,284

9,675,162

Opendoor

Technologies,

Inc.

,

Class

A

(f)

(g)

......................

744,088

1,369,122

Oracle

Corp.

.................

480,422

121,916,691

Otis

Worldwide

Corp.

...........

73,222

6,274,393

Palantir

Technologies,

Inc.

,

Class

A

(f)

.

75,257

11,916,946

Palladyne

AI

Corp.

(f)

............

607,934

4,972,902

Palladyne

AI

Corp.

(f)

............

27,356

223,772

Palo

Alto

Networks,

Inc.

(f)

........

37,548

6,518,333

Paramount

Global

,

Class

B

.......

90,045

1,131,866

Paychex,

Inc.

................

8,052

1,162,145

PayPal

Holdings,

Inc.

(f)

..........

126,616

8,706,116

PepsiCo,

Inc.

................

24,363

3,360,145

Philip

Morris

International,

Inc.

.....

111,546

18,299,121

Phillips

66

...................

33,154

4,097,171

Pilgrim's

Pride

Corp.

............

44,046

2,087,340

Playstudios,

Inc.

,

Class

A

(f)

.......

831,348

956,050

PNC

Financial

Services

Group,

Inc.

(The)

....................

72,734

13,839,098

Principal

Financial

Group,

Inc.

.....

173,372

13,493,543

Progressive

Corp.

(The)

.........

431,109

104,345,622

QUALCOMM,

Inc.

.............

29,105

4,271,450

Raymond

James

Financial,

Inc.

....

2,689

449,413

Relspace

(d)(f)

.................

5,551

5,717

ResMed,

Inc.

................

8,436

2,294,086

ROBLOX

Corp.

,

Class

A

(f)

........

4,329

596,493

Roche

Holding

AG

.............

20,226

6,311,989

Royalty

Pharma

plc

,

Class

A

......

16,267

598,626

RTX

Corp.

..................

25,161

3,964,619

S&P

Global,

Inc.

..............

25,132

13,850,245

Salesforce,

Inc.

...............

350,675

90,589,873

Sanofi

SA

...................

394,865

35,447,328

Schneider

Electric

SE

...........

10,155

2,628,047

Screaming

Eagle

Acquistion

Corp.,

(Acquired

05/14/24,

cost

$2,667,489)

(f)(j)

..............

262,419

1,537,414

ServiceTitan,

Inc.

,

Class

A

(f)

.......

50,433

5,886,035

Shell

plc

....................

2,548,403

91,834,525

Skyworks

Solutions,

Inc.

.........

50,277

3,445,986

Snorkel

AI,

Inc.,

Series

B,

(Acquired

06/30/21,

cost

$1,060,929)

(d)(f)(j)

..

70,636

673,867

Snowflake,

Inc.

,

Class

A

(f)

........

61,322

13,705,467

Solaris

Energy

Infrastructure,

Inc.

,

Class

A

..................

421,373

13,766,256

Sonder

Holdings,

Inc.

,

Class

A

(f)

....

103,334

225,268

SOURCE

Global

PBC

(d)(f)

.........

139,668

11,173

Space

Exploration

Technologies

Corp.

,

Class

A

,

(Acquired

08/21/23,

cost

$8,130,699)

(d)(f)(j)

............

100,379

20,541,559

Space

Exploration

Technologies

Corp.

,

Class

C

,

(Acquired

08/21/23,

cost

$8,726,616)

(d)(f)(j)

............

107,736

22,047,095

Spotify

Technology

SA

(f)

.........

12,676

7,942,021

Starz

Entertainment

Corp.

........

29,498

429,196

State

Street

Corp.

.............

51,092

5,709,531

Stellantis

NV

.................

217,567

1,920,052

Stryker

Corp.

................

202,867

79,671,957

Synchrony

Financial

............

127,857

8,907,797

Synopsys,

Inc.

(f)

...............

8,402

5,322,415

T.

Rowe

Price

Group,

Inc.

........

125,744

12,756,729

Take-Two

Interactive

Software,

Inc.

(f)

.

26,860

5,982,528

Tesla,

Inc.

(f)

..................

237,959

73,355,621

Texas

Instruments,

Inc.

..........

16,621

3,009,398

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

12

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

United

States

(continued)

Textron,

Inc.

.................

183,914

$

14,302,992

TJX

Cos.,

Inc.

(The)

............

566,239

70,513,743

T-Mobile

US,

Inc.

..............

42,476

10,126,703

Toll

Brothers,

Inc.

..............

57,445

6,799,190

Tractor

Supply

Co.

.............

109,788

6,252,427

Trane

Technologies

plc

..........

221,200

96,903,296

TransDigm

Group,

Inc.

..........

76,221

122,598,430

TRI

Pointe

Homes,

Inc.

(f)

.........

48,617

1,497,404

Uber

Technologies,

Inc.

(f)

.........

245,477

21,540,607

Union

Pacific

Corp.

............

288,497

64,037,679

United

Airlines

Holdings,

Inc.

(f)

.....

238,249

21,039,769

Universal

Health

Services,

Inc.

,

Class

B

39,226

6,529,168

Valero

Energy

Corp.

............

348,644

47,872,308

Veeva

Systems,

Inc.

,

Class

A

(f)

.....

1,167

331,661

Ventas,

Inc.

.................

33,730

2,265,981

Venture

Global,

Inc.

,

Class

A

(g)

.....

112,575

1,725,775

Verizon

Communications,

Inc.

.....

577,578

24,697,235

Vertex

Pharmaceuticals,

Inc.

(f)

.....

13,370

6,108,352

Vertiv

Holdings

Co.

,

Class

A

......

645,450

93,977,520

Viatris,

Inc.

..................

637,789

5,574,276

Viper

Energy,

Inc.

,

Class

A

.......

111,087

4,183,536

Visa,

Inc.

,

Class

A

.............

41,072

14,189,144

Vistra

Corp.

.................

401,718

83,774,272

Walgreens

Boots

Alliance,

Inc.

.....

334,870

3,897,887

Walmart,

Inc.

.................

1,261,204

123,572,768

Walt

Disney

Co.

(The)

..........

471,551

56,166,440

Warner

Bros

Discovery,

Inc.

(f)

......

620,868

8,176,832

Waste

Management,

Inc.

.........

32,554

7,460,075

Waters

Corp.

(f)(g)

...............

29,224

8,438,722

Wells

Fargo

&

Co.

.............

1,463,603

118,010,310

West

Pharmaceutical

Services,

Inc.

.

1,285

307,449

Western

Digital

Corp.

...........

118,356

9,313,434

Williams

Cos.,

Inc.

(The)

.........

849,205

50,909,840

Workday,

Inc.

,

Class

A

(f)

.........

49,922

11,451,108

Wynn

Resorts

Ltd.

.............

31,100

3,390,833

Yum!

Brands,

Inc.

.............

16,601

2,393,034

Zimmer

Biomet

Holdings,

Inc.

.....

69,191

6,341,355

Zoetis,

Inc.

,

Class

A

............

43,437

6,332,680

Zoom

Communications,

Inc.

,

Class

A

(f)

7,461

552,487

7,840,495,577

Total

Common

Stocks

—

66.0%

(Cost:

$7,100,501,975)

...........................

10,653,831,996

Par

(000)

Pa

r

(

000)

Corporate

Bonds

Argentina

—

0.0%

(a)

Pampa

Energia

SA,

7.88%,

12/16/34

USD

659

659,000

Telecom

Argentina

SA,

9.25%,

05/28/33

691

710,003

Vista

Energy

Argentina

SAU,

8.50%,

06/10/33

.................

711

729,486

2,098,489

Australia

—

0.3%

AngloGold

Ashanti

Holdings

plc,

3.75%,

10/01/30

.................

1,237

1,160,838

CIMIC

Finance

USA

Pty.

Ltd.,

7.00%,

03/25/34

(c)

................

200

212,603

Dyno

Nobel

Ltd.,

5.82%,

08/08/35

(c)

.

AUD

270

175,676

Insurance

Australia

Group

Ltd.,

(3-mo.

ASX

Australia

Bank

Bill

Short

Term

Rates

Mid

+

1.68%),

5.39%,

06/15/37

(b)(c)

...............

200

127,506

Security

Par

(000)

Par

(000)

Value

Australia

(continued)

IREN

Ltd.,

Series

IREN,

3.50%,

12/15/29

(a)(n)

...............

USD

2,584

$

3,649,900

Mineral

Resources

Ltd.

(a)

9.25%,

10/01/28

............

799

835,077

8.50%,

05/01/30

............

2,257

2,310,350

National

Australia

Bank

Ltd.,

(3-mo.

ASX

Australia

Bank

Bill

Short

Term

Rates

Mid

+

1.70%),

5.77%,

07/30/40

(b)(c)

...............

AUD

980

633,998

NSW

Electricity

Networks

Finance

Pty.

Ltd.

,

(3-mo.

ASX

Australia

Bank

Bill

Short

Term

Rates

Mid

+

2.05%),

5.78%,

03/11/55

(b)(c)

..........

470

303,522

Oceana

Australian

Fixed

Income

Trust

(d)

12.50%,

07/31/26

...........

9,773

6,445,799

12.50%,

07/31/27

...........

16,288

10,990,857

10.50%,

07/31/28

...........

13,715

8,968,189

Pacific

National

Finance

Pty.

Ltd.,

(ADSWAP5

+

3.85%),

7.75%,

12/11/54

(b)(c)

...............

480

311,109

Port

of

Newcastle

Investments

Financing

Pty.

Ltd.

(c)

6.10%,

07/18/33

............

150

98,297

6.10%,

07/18/33

............

210

137,615

Quintis

Australia

Pty.

Ltd.

(a)(d)(f)(h)(o)(p)

7.50%,

(7.50%

Cash

or

8.00%

PIK),

10/01/26

...............

USD

92,389

10,624,757

12.00%,

(12.00%

Cash

or

12.00%

PIK),

10/01/28

...........

82,685

8

Scentre

Group

Trust

1

,

(3-mo.

ASX

Australia

Bank

Bill

Short

Term

Rates

Mid

+

2.00%),

5.60%,

03/31/55

(b)(c)

AUD

400

257,962

47,244,063

Austria

—

0.0%

ams-OSRAM

AG,

2.13%,

11/03/27

(c)(n)

EUR

4,700

5,162,504

Belgium

—

0.0%

Telenet

Finance

Luxembourg

Notes

SARL,

5.50%,

03/01/28

(a)

......

USD

5,400

5,332,024

Brazil

—

0.0%

Braskem

Netherlands

Finance

BV,

8.00%,

10/15/34

(a)

...........

1,215

861,131

LD

Celulose

International

GmbH,

7.95%,

01/26/32

(a)

...........

680

710,940

MC

Brazil

Downstream

Trading

SARL

7.25%,

06/30/31

(a)

...........

574

464,761

7.25%,

06/30/31

(c)

...........

403

326,589

Nexa

Resources

SA,

6.75%,

04/09/34

(a)

362

379,286

Raizen

Fuels

Finance

SA

(a)

6.45%,

03/05/34

............

935

928,277

6.95%,

03/05/54

............

475

443,650

Samarco

Mineracao

SA

(p)

9.00%,

(9.00%

Cash

or

9.00%

PIK),

06/30/31

(a)

..............

198

193,991

9.00%,

(9.00%

Cash

or

9.00%

PIK),

06/30/31

(c)

..............

431

423,084

Suzano

Austria

GmbH,

Series

DM3N

,

3.13%,

01/15/32

............

654

573,630

Trident

Energy

Finance

plc,

12.50%,

11/30/29

(c)

.................

562

578,686

Vale

Overseas

Ltd.,

6.40%,

06/28/54

.

676

659,776

6,543,801

Cameroon

—

0.0%

Golar

LNG

Ltd.,

2.75%,

12/15/30

(a)(n)

.

1,449

1,473,633

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

13

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Canada

—

0.8%

1011778

BC

ULC

(a)

4.38%,

01/15/28

............

USD

250

$

244,297

4.00%,

10/15/30

............

1,276

1,182,230

Air

Canada

Pass-Through

Trust,

Series

2020-1,

Class

C,

10.50%,

07/15/26

(a)

5,740

6,015,522

Alexandrite

Lake

Lux

Holdings

Sarl,

6.75%,

07/30/30

(c)

...........

EUR

2,938

3,415,711

Bombardier,

Inc.

(a)

8.75%,

11/15/30

............

USD

79

85,014

7.25%,

07/01/31

............

255

266,273

7.00%,

06/01/32

............

403

416,899

6.75%,

06/15/33

............

334

343,292

Brookfield

Residential

Properties,

Inc.,

4.88%,

02/15/30

(a)

...........

845

768,375

Garda

World

Security

Corp.

(a)

4.63%,

02/15/27

............

244

241,831

7.75%,

02/15/28

............

273

281,144

HR

Ottawa

LP,

11.00%,

03/31/31

(a)

..

49,069

53,134,191

Husky

Injection

Molding

Systems

Ltd.,

9.00%,

02/15/29

(a)

...........

715

737,834

Resort

Communities

LoanCo.

LP,

12.50%,

11/21/28

(a)(b)(d)

........

54,565

55,486,809

Toucan

FinCo.

Ltd.,

9.50%,

05/15/30

(a)

6,240

6,389,167

129,008,589

Chile

—

0.0%

(a)

AES

Andes

SA

6.30%,

03/15/29

............

481

495,613

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.84%),

8.15%,

06/10/55

(b)

...

990

1,035,154

Banco

de

Credito

e

Inversiones

SA,

(5-

Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

4.94%),

8.75%

(b)(q)

.................

420

448,140

Banco

del

Estado

de

Chile,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.23%),

7.95%

(b)

(q)

......................

669

710,269

WOM

Chile

Holdco

SpA,

5.00%,

(5.00%

Cash

or

5.00%

PIK),

04/01/32

(b)(n)(p)

2,673

2,609,129

WOM

Mobile

SA,

12.50%,

(12.50%

Cash

or

12.50%

PIK),

04/01/31

(b)(p)

756

721,793

6,020,098

China

—

0.1%

Alibaba

Group

Holding

Ltd.,

0.50%,

06/01/31

(n)

................

4,238

5,619,588

CFAMC

IV

Co.

Ltd.

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

6.98%),

4.25%

(b)

(c)(q)

.....................

300

299,250

Fantasia

Holdings

Group

Co.

Ltd.

(c)(f)(o)

11.75%,

04/17/22

...........

2,110

55,388

10.88%,

01/09/23

...........

3,132

82,215

9.25%,

07/28/23

............

902

23,677

7.95%,

07/05/24

............

510

13,388

9.88%,

10/19/24

............

481

12,626

Far

East

Horizon

Ltd.

(c)

6.63%,

04/16/27

............

430

436,004

5.88%,

03/05/28

............

500

498,595

6.00%,

10/01/28

............

830

828,448

Fortune

Star

BVI

Ltd.,

3.95%,

10/02/26

(c)

................

EUR

1,200

1,342,749

GLP

China

Holdings

Ltd.,

2.95%,

03/29/26

(c)

................

USD

230

221,375

Security

Par

(000)

Par

(000)

Value

China

(continued)

Prosus

NV,

4.03%,

08/03/50

(c)

.....

USD

1,083

$

725,610

10,158,913

Colombia

—

0.0%

ABRA

Global

Finance,

14.00%,

(14.00%

Cash

or

14.00%

PIK),

10/22/29

(a)(p)

...............

912

688,948

Bancolombia

SA

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

4.32%),

8.63%,

12/24/34

(b)

................

583

618,854

Gran

Tierra

Energy,

Inc.,

9.50%,

10/15/29

(a)

................

1,019

838,128

SURA

Asset

Management

SA,

6.35%,

05/13/32

(a)

................

925

966,995

3,112,925

Costa

Rica

—

0.0%

Liberty

Costa

Rica

Senior

Secured

Finance,

10.88%,

01/15/31

(a)

....

637

678,564

Czech

Republic

—

0.1%

(c)

Allwyn

Entertainment

Financing

UK

plc,

7.25%,

04/30/30

............

EUR

4,000

4,844,394

Czechoslovak

Group

A/S,

5.25%,

01/10/31

.................

2,500

2,931,458

7,775,852

Denmark

—

0.0%

SGL

Group

ApS,

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.25%),

6.30%,

02/24/31

(a)(b)(c)

..............

1,337

1,539,082

Dominican

Republic

—

0.0%

Aeropuertos

Dominicanos

Siglo

XXI

SA,

7.00%,

06/30/34

(a)

........

USD

359

370,255

Finland

—

0.0%

(c)

Citycon

Treasury

BV

5.00%,

03/11/30

............

EUR

575

670,878

5.38%,

07/08/31

............

725

853,718

Mehilainen

Yhtiot

Oy

5.13%,

06/30/32

............

1,775

2,040,762

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.38%),

5.41%,

06/30/32

(b)

...

431

493,975

4,059,333

France

—

0.5%

Afflelou

SAS,

6.00%,

07/25/29

(c)

....

2,864

3,423,212

Air

France-KLM,

(5-Year

EURIBOR

ICE

Swap

Rate

+

3.58%),

5.75%

(b)(c)(q)

.

1,300

1,513,231

Altice

France

SA

(c)

3.38%,

01/15/28

............

870

867,994

4.13%,

01/15/29

............

733

736,612

4.25%,

10/15/29

............

730

730,982

Atos

SE,

1.00%,

12/18/32

(c)(r)

......

2,357

1,117,869

Bertrand

Franchise

Finance

SAS,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

5.77%,

07/18/30

(b)(c)

....

2,919

3,243,908

BNP

Paribas

SA,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.20%),

4.63%

(a)(b)(q)

...

USD

848

830,360

ELO

SACA

(c)

2.88%,

01/29/26

............

EUR

1,400

1,589,691

4.88%,

12/08/28

............

1,500

1,726,954

Eutelsat

SA,

1.50%,

10/13/28

(c)

....

1,700

1,786,034

Forvia

SE,

2.75%,

02/15/27

(c)

......

1,921

2,178,346

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

14

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

France

(continued)

Goldstory

SAS

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

6.18%,

02/01/30

(a)(b)

..

EUR

3,297

$

3,810,885

6.75%,

02/01/30

(c)

...........

226

269,006

6.75%,

02/01/30

(a)

...........

3,678

4,377,895

Iliad

Holding

SASU

5.63%,

10/15/28

(c)

...........

7,356

8,552,655

7.00%,

10/15/28

(a)

...........

USD

1,557

1,580,347

6.88%,

04/15/31

(c)

...........

EUR

510

625,786

7.00%,

04/15/32

(a)

...........

USD

459

471,113

IPD

3

BV

5.50%,

06/15/31

(c)

...........

EUR

3,025

3,514,725

Lion/Polaris

Lux

4

SA

,

(3-mo.

EURIBOR

+

3.63%),

5.56%,

07/01/29

(b)(c)

...............

2,837

3,256,943

Loxam

SAS,

6.38%,

05/31/29

(c)

....

4,432

5,266,859

Lune

Holdings

SARL,

5.63%,

11/15/28

(c)

2,284

1,061,044

Opal

Bidco

SAS,

6.50%,

03/31/32

(a)

.

USD

292

294,931

Opmobility,

4.30%,

02/05/31

(c)

.....

EUR

600

693,108

RCI

Banque

SA

(b)(c)

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.75%),

5.50%,

10/09/34

....

3,000

3,576,036

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.20%),

4.75%,

03/24/37

....

1,700

1,968,588

Sabena

technics

SAS,

(Acquired

10/28/22,

cost

$7,127,037),

(3-mo.

EURIBOR

+

5.00%),

6.98%,

09/30/29

(b)(d)(j)

..............

7,221

8,241,042

Seche

Environnement

SACA,

4.50%,

03/25/30

(c)

................

412

480,002

Societe

Generale

SA,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.79%),

8.13%

(a)

(b)(q)

.....................

USD

2,601

2,714,809

Tereos

Finance

Groupe

I

SA,

5.75%,

04/30/31

(c)

................

EUR

672

755,383

Worldline

SA

,

5.50%,

06/10/30

(c)

....

2,200

2,253,561

73,509,911

Germany

—

0.7%

ADLER

Pelzer

Holding

GmbH,

9.50%,

04/01/27

(a)

................

1,695

1,896,330

Alstria

Office

AG,

5.50%,

03/20/31

(c)

.

1,700

1,983,406

APCOA

Group

GmbH,

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.13%),

6.15%,

04/15/31

(b)(c)

..........

1,864

2,132,515

Aroundtown

Finance

SARL

(b)(c)(q)

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

4.49%),

8.63%

.................

GBP

3,123

4,185,018

(5-Year

EURIBOR

ICE

Swap

Rate

+

4.51%),

7.13%

...........

EUR

2,492

2,966,745

Commerzbank

AG

(b)(c)(q)

(5-Year

EUR

Swap

Annual

+

4.39%),

4.25%

...........

1,600

1,800,211

(5-Year

EUR

Swap

Annual

+

6.74%),

6.50%

...........

4,000

4,864,013

(5-Year

EURIBOR

ICE

Swap

Rate

+

5.13%),

7.88%

...........

2,000

2,573,233

DEMIRE

Deutsche

Mittelstand

Real

Estate

AG,

5.00%,

12/31/27

(c)(r)

...

4,668

5,013,627

Deutsche

Bank

AG

(b)

(5-Year

EURIBOR

ICE

Swap

Rate

+

4.55%),

4.50%

(c)(q)

.........

800

898,621

(5-Year

EURIBOR

ICE

Swap

Rate

+

4.75%),

4.63%

(c)(q)

.........

8,000

8,878,718

Security

Par

(000)

Par

(000)

Value

Germany

(continued)

(5-Year

EURIBOR

ICE

Swap

Rate

+

4.60%),

7.13%

(c)(q)

.........

EUR

1,600

$

1,889,528

(1-day

SOFR

+

1.30%),

4.95%,

08/04/31

...............

USD

1,183

1,184,959

Deutsche

Lufthansa

AG,

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.86%),

5.25%,

01/15/55

(b)(c)

..........

EUR

3,900

4,521,133

Dynamo

Newco

II

GmbH,

6.25%,

10/15/31

(c)

................

1,173

1,393,200

Envalior

Deutschland

Gmbh,

11.88%,

04/01/31

(d)

................

12,470

13,269,830

Fressnapf

Holding

SE,

5.25%,

10/31/31

(c)

................

1,606

1,876,607

IHO

Verwaltungs

GmbH

(c)

8.75%,

(8.75%

Cash

or

9.50%

PIK),

05/15/28

(b)(p)

.............

4,042

4,836,529

Series

MAR,

7.00%,

11/15/31

...

2,501

2,972,150

Mahle

GmbH,

6.50%,

05/02/31

(a)

...

4,782

5,510,579

PCF

GmbH

(c)

4.75%,

04/15/29

............

1,139

1,019,777

(3-mo.

EURIBOR

at

4.75%

Floor

+

4.75%),

6.78%,

04/15/29

(b)

...

1,976

1,779,085

PrestigeBidCo

GmbH

,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

5.78%,

07/01/29

(b)(c)

..........

2,141

2,455,037

ProGroup

AG

(a)

5.13%,

04/15/29

............

1,403

1,611,014

5.38%,

04/15/31

............

1,427

1,604,065

Schaeffler

AG

(c)

4.25%,

04/01/28

............

800

929,282

5.38%,

04/01/31

............

600

707,050

Tele

Columbus

AG,

10.00%,

(10.00%

Cash

or

10.00%

PIK),

01/01/29

(b)(c)(p)

4,001

3,048,778

TK

Elevator

Midco

GmbH,

4.38%,

07/15/27

(c)

................

10,325

11,803,937

TK

Elevator

US

Newco,

Inc.,

5.25%,

07/15/27

(a)

................

USD

1,464

1,457,452

TUI

Cruises

GmbH

6.25%,

04/15/29

(a)

...........

EUR

3,244

3,880,127

5.00%,

05/15/30

(c)

...........

994

1,159,488

Volkswagen

International

Finance

NV

(b)

(c)(q)

(5-Year

EURIBOR

ICE

Swap

Rate

+

3.17%),

5.49%

...........

500

587,074

(EUAMDB08

+

3.49%),

5.99%

..

1,200

1,410,289

Vonovia

SE,

Series

B,

0.88%,

05/20/32

(c)(n)

...............

1,300

1,499,577

Wintershall

Dea

Finance

2

BV

,

(5-Year

EURIBOR

ICE

Swap

Rate

+

3.94%),

6.12%

(b)(c)(q)

................

2,503

2,956,398

ZF

Europe

Finance

BV,

7.00%,

06/12/30

(c)

................

2,100

2,423,557

114,978,939

Greece

—

0.0%

(b)(c)

Eurobank

SA

,

(1-Year

EURIBOR

ICE

Swap

Rate

+

1.70%),

4.00%,

02/07/36

.................

2,676

3,054,746

National

Bank

of

Greece

SA,

(5-Year

EURIBOR

ICE

Swap

Rate

+

3.15%),

5.88%,

06/28/35

............

1,357

1,681,638

4,736,384

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

15

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Hong

Kong

—

0.1%

AIA

Group

Ltd.,

5.40%,

09/30/54

(c)

..

USD

1,500

$

1,407,563

Celestial

Dynasty

Ltd.,

6.38%,

08/22/28

(c)

................

400

392,125

Elect

Global

Investments

Ltd.,

4.85%

(c)

(q)

......................

200

130,000

FWD

Group

Holdings

Ltd.,

8.40%,

04/05/29

(c)

................

10,500

10,801,875

HKT

Capital

No.

6

Ltd.,

3.00%,

01/18/32

(c)

................

900

797,886

Melco

Resorts

Finance

Ltd.,

7.63%,

04/17/32

(a)

................

788

808,685

MTR

Corp.

CI

Ltd.

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

1.46%),

5.63%

(b)(c)(q)

...

700

705,110

15,043,244

India

—

0.1%

Axis

Bank

Ltd.

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.32%),

4.10%

(b)(c)(q)

...

500

486,875

CA

Magnum

Holdings,

5.38%,

10/31/26

(c)

................

475

471,259

Clean

Renewable

Power

Mauritius

Pte.

Ltd.,

4.25%,

03/25/27

(c)

........

805

781,856

Continuum

Energy

Aura

Pte.

Ltd.,

9.50%,

02/24/27

(c)

...........

1,000

1,028,750

Continuum

Green

Energy

India

Pvt

7.50%,

06/26/33

(c)

...........

313

322,475

7.50%,

06/26/33

(a)

...........

556

571,524

Diamond

II

Ltd.

7.95%,

07/28/26

(c)

...........

1,000

1,007,231

7.95%,

07/28/26

(a)

...........

600

604,338

Greenko

Dutch

BV,

3.85%,

03/29/26

(c)

440

432,733

Greenko

Wind

Projects

Mauritius

Ltd.

7.25%,

09/27/28

(c)

...........

200

203,250

7.25%,

09/27/28

(a)

...........

202

205,283

India

Cleantech

Energy,

4.70%,

08/10/26

(c)

................

790

775,427

India

Green

Power

Holdings,

4.00%,

02/22/27

(c)

................

520

503,061

IRB

Infrastructure

Developers

Ltd.,

7.11%,

03/11/32

(c)

...........

500

504,750

Muthoot

Finance

Ltd.,

6.38%,

04/23/29

(c)

................

300

300,000

Periama

Holdings

LLC,

5.95%,

04/19/26

(c)

................

891

892,949

Piramal

Finance

Ltd.,

7.80%,

01/29/28

(c)

315

319,331

REI

Agro

Ltd.

(d)(f)(n)(o)

5.50%,

11/13/14

(a)

...........

8,271

1

5.50%,

11/13/14

(c)

...........

44,430

4

ReNew

Pvt

Ltd.,

5.88%,

03/05/27

(c)

..

347

345,924

TML

Holdings

Pte.

Ltd.,

4.35%,

06/09/26

(c)

................

239

237,626

Vedanta

Resources

Finance

II

plc

10.88%,

09/17/29

(a)

..........

706

721,179

10.88%,

09/17/29

(c)

..........

1,100

1,123,650

9.48%,

07/24/30

(c)

...........

260

257,075

11.25%,

12/03/31

(a)

..........

292

304,045

9.85%,

04/24/33

(a)

...........

478

480,390

12,880,986

Indonesia

—

0.1%

Freeport

Indonesia

PT

(c)

4.76%,

04/14/27

............

620

619,696

6.20%,

04/14/52

............

1,000

1,008,540

Security

Par

(000)

Par

(000)

Value

Indonesia

(continued)

Indofood

CBP

Sukses

Makmur

Tbk.

PT,

4.75%,

06/09/51

(c)

...........

USD

456

$

382,470

Medco

Cypress

Tree

Pte.

Ltd.,

8.63%,

05/19/30

(a)

................

357

373,065

Medco

Laurel

Tree

Pte.

Ltd.,

6.95%,

11/12/28

(c)

.................

200

199,380

Medco

Maple

Tree

Pte.

Ltd.

8.96%,

04/27/29

(a)

...........

550

575,437

8.96%,

04/27/29

(c)

...........

1,500

1,569,375

Minejesa

Capital

BV

4.63%,

08/10/30

(c)

...........

547

541,652

5.63%,

08/10/37

(a)

...........

781

764,209

5.63%,

08/10/37

(c)

...........

500

489,250

Star

Energy

Geothermal

Darajat

II,

4.85%,

10/14/38

(c)

...........

200

189,400

Star

Energy

Geothermal

Wayang

Windu

Ltd.,

6.75%,

04/24/33

(c)

...

331

339,684

7,052,158

Ireland

—

0.1%

(c)

AIB

Group

plc,

(5-Year

EURIBOR

ICE

Swap

Rate

+

3.71%),

6.00%

(b)(q)

..

EUR

1,775

2,041,242

Bank

of

Ireland

Group

plc,

(5-Year

EUR

Swap

Annual

+

6.43%),

6.00%

(b)(q)

2,659

3,047,742

eircom

Finance

DAC,

5.00%,

04/30/31

2,625

3,038,324

Flutter

Treasury

DAC

4.00%,

06/04/31

............

2,300

2,631,908

6.13%,

06/04/31

............

GBP

1,087

1,440,398

Virgin

Media

O2

Vendor

Financing

Notes

V

DAC,

7.88%,

03/15/32

..

916

1,252,529

13,452,143

Israel

—

0.1%

Teva

Pharmaceutical

Finance

Netherlands

II

BV

1.88%,

03/31/27

(c)

...........

EUR

2,046

2,292,727

3.75%,

05/09/27

............

2,652

3,058,573

7.38%,

09/15/29

............

706

915,462

7.88%,

09/15/31

............

4,258

5,855,979

12,122,741

Italy

—

0.6%

A2A

SpA,

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.26%),

5.00%

(b)(c)(q)

.....

1,073

1,285,469

Agrifarma

SpA,

4.50%,

10/31/28

(a)

..

9,506

10,895,511

Almaviva-The

Italian

Innovation

Co.

SpA,

5.00%,

10/30/30

(c)

.......

3,501

4,051,771

BPER

Banca

SpA,

(5-Year

EURIBOR

ICE

Swap

Rate

+

4.35%),

6.50%

(b)(c)

(q)

......................

1,367

1,620,189

Bubbles

Bidco

SpA

(c)

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.25%),

6.23%,

09/30/31

(b)

...

2,195

2,529,228

6.50%,

09/30/31

............

1,518

1,784,732

Dolcetto

Holdco

SpA

(c)

5.63%,

07/14/32

............

1,775

2,063,365

(3-mo.

EURIBOR

+

3.63%),

5.63%,

07/14/32

(b)

..............

670

770,076

Duomo

Bidco

SpA,

(3-mo.

EURIBOR

+

4.13%),

6.15%,

07/15/31

(b)(c)

....

2,737

3,143,120

Engineering

-

Ingegneria

Informatica

-

SpA,

11.13%,

05/15/28

(c)

.......

4,426

5,348,996

Eni

SpA,

(5-Year

EUR

Swap

Annual

+

2.40%),

4.88%

(b)(c)(q)

..........

1,900

2,206,420

Fedrigoni

SpA,

6.13%,

06/15/31

(c)

...

3,500

3,874,374

Fiber

Midco

SpA,

10.00%,

(10.00%

Cash

or

10.75%

PIK),

06/15/29

(c)(p)

1,711

1,782,228

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

16

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Italy

(continued)

Fibercop

SpA

(c)

4.75%,

06/30/30

............

EUR

774

$

899,210

5.13%,

06/30/32

............

891

1,030,874

FIS

Fabbrica

Italiana

Sintetici

SpA,

5.63%,

08/01/27

(c)

...........

2,032

2,339,572

IMA

Industria

Macchine

Automatiche

SpA

(b)

(3-mo.

EURIBOR

+

3.75%),

5.78%,

04/15/29

(a)

..............

3,211

3,695,061

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

5.78%,

04/15/29

(c)

...

1,719

1,978,141

Intesa

Sanpaolo

SpA,

(5-Year

EUR

Swap

Annual

+

5.85%),

5.50%

(b)(c)(q)

905

1,064,338

Irca

SpA

,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

5.72%,

12/15/29

(b)(c)

1,178

1,349,502

Itelyum

Regeneration

Spa,

5.75%,

04/15/30

(c)

................

596

697,540

Lottomatica

Group

SpA

(c)

5.38%,

06/01/30

............

847

1,006,991

4.88%,

01/31/31

............

1,600

1,888,249

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.25%,

06/01/31

(b)

...

1,257

1,442,448

Marcolin

SpA,

6.13%,

11/15/26

(a)

...

6,031

6,887,533

Midnights

SPV

SRL,

(3-mo.

EURIBOR

+

3.15%),

6.73%,

08/22/26

(b)(c)(d)

..

7,782

8,866,630

Nexi

SpA,

0.00%,

02/24/28

(c)(e)(n)

....

2,700

2,810,573

Pachelbel

Bidco

SpA

(c)

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.25%),

6.27%,

05/17/31

(b)

...

1,135

1,306,054

7.13%,

05/17/31

............

1,244

1,536,632

Prysmian

SpA

,

(5-Year

EURIBOR

ICE

Swap

Rate

+

3.01%),

5.25%

(b)(c)(q)

.

2,950

3,505,430

Rossini

SARL

(c)

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.88%),

5.86%,

12/31/29

(b)

...

802

928,027

6.75%,

12/31/29

............

1,331

1,603,056

Taurus

Law

130

Securities

SRL,

(Acquired

07/14/23,

cost

$7,897,049),

(3-mo.

EURIBOR

+

3.25%),

5.77%,

08/22/27

(b)(c)(d)(j)

..

7,166

8,118,496

TeamSystem

SpA

(c)

5.00%,

07/01/31

............

919

1,061,519

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.53%,

07/31/31

(b)

...

1,989

2,276,251

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.19%,

07/01/32

(b)

...

1,571

1,792,912

Unipol

Assicurazioni

SpA,

4.90%,

05/23/34

(c)

................

1,100

1,324,501

100,765,019

Jamaica

—

0.0%

Digicel

International

Finance

Ltd.,

8.63%,

08/01/32

(a)

...........

USD

740

747,447

Japan

—

0.2%

Nissan

Motor

Co.

Ltd.,

5.25%,

07/17/29

(c)

................

EUR

2,852

3,306,593

Nomura

Holdings,

Inc.,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.08%),

7.00%

(b)

(q)

......................

USD

1,200

1,215,065

Rakuten

Group,

Inc.

(5-Year

EUR

Swap

Annual

+

4.49%),

4.25%

(b)(c)(q)

........

EUR

200

217,121

9.75%,

04/15/29

(c)

...........

USD

260

284,679

Security

Par

(000)

Par

(000)

Value

Japan

(continued)

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

4.25%),

8.13%

(a)(b)(q)

........

USD

867

$

860,336

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

4.96%),

6.25%

(a)(b)(q)

........

233

216,696

SoftBank

Group

Corp.

(c)

5.38%,

01/08/29

............

EUR

3,761

4,402,955

3.38%,

07/06/29

............

265

289,999

5.25%,

10/10/29

............

1,804

2,094,642

7.00%,

07/08/31

............

USD

200

204,034

5.88%,

07/10/31

............

EUR

1,817

2,146,829

5.75%,

07/08/32

............

4,056

4,718,029

6.38%,

07/10/33

............

1,466

1,734,892

Sumitomo

Mitsui

Financial

Group,

Inc.

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

1.90%),

6.45%

(b)(q)

...........

USD

1,226

1,217,378

22,909,248

Jersey,

Channel

Islands

—

0.2%

Aston

Martin

Capital

Holdings

Ltd.

10.00%,

03/31/29

(a)

..........

3,583

3,417,314

10.38%,

03/31/29

(c)

..........

GBP

3,601

4,453,676

TER

Finance

Jersey

Ltd.,

Series

22,

0.00%,

10/02/25

(a)(e)

..........

USD

17,266

16,877,515

24,748,505

Kazakhstan

—

0.0%

KazMunayGas

National

Co.

JSC,

5.75%,

04/19/47

(c)

...........

817

716,950

Kuwait

—

0.0%

EQUATE

Petrochemical

Co.

KSC,

4.25%,

11/03/26

(c)

...........

653

648,715

Luxembourg

—

0.3%

ADLER

Financing

SARL,

8.25%,

12/31/28

.................

EUR

7,342

8,734,146

Albion

Financing

1

SARL,

5.38%,

05/21/30

(c)

................

2,009

2,373,309

Cidron

Aida

Finco

Sarl

(c)

7.00%,

10/27/31

............

816

963,831

9.13%,

10/27/31

............

GBP

757

1,029,724

Currenta

Group

Holdings

SARL

(c)

5.50%,

05/15/30

............

EUR

1,812

2,123,736

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

6.14%,

05/15/32

(b)

...

1,770

2,035,570

Herens

Holdco

SARL,

4.75%,

05/15/28

(a)

................

USD

792

690,466

Herens

Midco

SARL,

5.25%,

05/15/29

(a)

EUR

5,811

4,666,927

INEOS

Finance

plc

6.63%,

05/15/28

(a)

...........

3,871

4,524,368

5.63%,

08/15/30

(c)

...........

888

970,514

ION

Trading

Technologies

SARL

(a)

5.75%,

05/15/28

............

USD

2,255

2,180,772

9.50%,

05/30/29

............

400

414,494

Kleopatra

Finco

SARL,

4.25%,

03/01/26

(c)

................

EUR

100

105,033

Luna

2

5SARL,

5.50%,

07/01/32

(c)

..

866

1,021,634

Matterhorn

Telecom

SA,

3.13%,

09/15/26

(c)

................

5,355

6,115,963

Maxam

Prill

Sarl,

6.00%,

07/15/30

(c)

.

3,746

4,259,865

SES

SA

(c)

4.13%,

06/24/30

............

675

781,998

4.88%,

06/24/33

............

925

1,088,182

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

17

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Luxembourg

(continued)

Summer

BC

Holdco

B

SARL

(c)

5.88%,

02/15/30

............

EUR

535

$

600,488

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.25%),

6.39%,

02/15/30

(b)

...

1,200

1,348,878

Vivion

Investments

SARL,

8.25%,

(8.25%

Cash

or

8.25

%

PIK),

08/31/28

(c)(p)

...............

4,441

4,994,163

51,024,061

Macau

—

0.1%

MGM

China

Holdings

Ltd.

(c)

5.88%,

05/15/26

............

USD

796

796,000

4.75%,

02/01/27

............

200

198,250

Sands

China

Ltd.

(r)

5.40%,

08/08/28

............

300

303,281

4.38%,

06/18/30

............

500

482,563

Studio

City

Co.

Ltd.,

7.00%,

02/15/27

(c)

600

603,750

Studio

City

Finance

Ltd.,

5.00%,

01/15/29

(c)

................

1,822

1,705,848

Wynn

Macau

Ltd.

(c)

5.50%,

01/15/26

............

300

299,700

5.63%,

08/26/28

............

2,284

2,259,104

6,648,496

Malaysia

—

0.0%

(c)

CIMB

Bank

Bhd.,

2.13%,

07/20/27

..

700

669,074

Dua

Capital

Ltd.,

2.78%,

05/11/31

...

1,000

905,210

Gohl

Capital

Ltd.,

4.25%,

01/24/27

..

1,362

1,349,742

2,924,026

Mauritius

—

0.2%

Flourishing

Trade

&

Investment

Ltd.,

11.04%,

04/02/28

(a)(d)

.........

23,502

24,031,081

Mexico

—

0.2%

Banco

Mercantil

del

Norte

SA

(a)(b)(q)

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

4.64%),

5.88%

...........

607

595,048

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

4.07%),

8.38%

...........

872

891,116

BBVA

Mexico

SA

Institucion

De

Banca

Multiple

Grupo

Financiero

BBVA

Mexico,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.38%),

7.63%,

02/11/35

(b)(c)

...

311

320,038

Cemex

SAB

de

CV,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.52%),

7.20%

(a)

(b)(q)

.....................

630

642,285

Orbia

Advance

Corp.

SAB

de

CV,

6.80%,

05/13/30

(a)

...........

800

818,144

Petroleos

Mexicanos,

7.50%,

03/20/26

(a)

................

25,612

25,515,955

Trust

Fibra

Uno,

7.70%,

01/23/32

(c)

..

671

707,704

29,490,290

Netherlands

—

0.2%

ABN

AMRO

Bank

NV

,

(5-Year

EUR

Swap

Annual

+

3.90%),

6.38%

(b)(c)(q)

EUR

500

598,450

Boels

Topholding

BV

6.25%,

02/15/29

(c)

...........

5,924

7,001,342

5.75%,

05/15/30

(a)

...........

1,023

1,217,251

ING

Groep

NV

(b)(q)

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.86%),

3.88%

...........

USD

2,400

2,282,649

Security

Par

(000)

Par

(000)

Value

Netherlands

(continued)

(USISSO05

+

4.08%),

7.25%

(c)

..

USD

2,850

$

2,938,792

NN

Group

NV

,

(5-Year

EURIBOR

ICE

Swap

Rate

+

3.45%),

5.75%

(b)(c)(q)

.

EUR

1,650

1,882,980

Q-Park

Holding

I

BV,

5.13%,

02/15/30

(c)

4,179

4,958,693

Sunrise

FinCo.

I

BV,

4.88%,

07/15/31

(a)

USD

5,620

5,297,412

Trivium

Packaging

Finance

BV

6.63%,

07/15/30

(c)

...........

EUR

720

857,259

8.25%,

07/15/30

(a)

...........

USD

200

210,608

Veon

Midco

BV,

3.38%,

11/25/27

(a)

..

776

717,800

VZ

Secured

Financing

BV,

5.00%,

01/15/32

(a)

................

1,031

906,706

VZ

Vendor

Financing

II

BV,

2.88%,

01/15/29

(c)

................

EUR

5,928

6,173,431

Ziggo

BV,

4.88%,

01/15/30

(a)

......

USD

200

184,754

35,228,127

Nigeria

—

0.0%

IHS

Holding

Ltd.,

6.25%,

11/29/28

(a)

.

947

931,090

Peru

—

0.0%

(a)

Pluspetrol

Camisea

SA,

6.24%,

07/03/36

.................

714

740,554

Volcan

Cia

Minera

SAA,

8.75%,

01/24/30

.................

880

880,000

1,620,554

Philippines

—

0.0%

(c)(q)

ACEN

Finance

Ltd.,

4.00%

.......

266

172,302

Globe

Telecom,

Inc.,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

5.53%),

4.20%

(b)

400

394,400

Petron

Corp.,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

7.57%),

5.95%

(b)

...........

245

243,439

Rizal

Commercial

Banking

Corp.,

(5-

Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

6.24%),

6.50%

(b)

..................

1,000

998,437

San

Miguel

Global

Power

Holdings

Corp.

,

(1-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

6.40%),

8.13%

(b)

...........

1,000

982,500

2,791,078

Poland

—

0.0%

ORLEN

SA,

6.00%,

01/30/35

(a)

.....

681

698,025

Portugal

—

0.0%

EDP

SA

,

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.40%),

4.63%,

09/16/54

(b)(c)

EUR

2,200

2,578,201

Republic

of

Turkiye

—

0.0%

Turkcell

Iletisim

Hizmetleri

A/S,

7.65%,

01/24/32

(a)

................

USD

681

702,070

Saudi

Arabia

—

0.0%

(b)(c)(q)

Al

Rajhi

Sukuk

Ltd.,

(6-Year

USD

Constant

Maturity

+

1.59%),

6.25%

1,442

1,453,522

Riyad

T1

Sukuk

Ltd.

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

1.91%),

5.50%

500

487,725

1,941,247

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

18

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Singapore

—

0.1%

Continuum

Energy

Pte.

Ltd.,

12.85%,

09/11/27

(a)(d)

...............

USD

7,623

$

7,622,731

Puma

International

Financing

SA,

7.75%,

04/25/29

(c)

...........

435

450,188

8,072,919

Slovenia

—

0.0%

United

Group

BV

(3-mo.

EURIBOR

at

4.25%

Floor

+

4.25%),

6.39%,

02/15/31

(a)(b)

..

EUR

4,006

4,577,362

6.50%,

10/31/31

(c)

...........

857

999,987

5,577,349

South

Africa

—

0.0%

Sappi

Papier

Holding

GmbH,

4.50%,

03/15/32

(c)

................

1,425

1,605,655

Sasol

Financing

USA

LLC

4.38%,

09/18/26

............

USD

414

408,618

6.50%,

09/27/28

............

1,051

1,011,850

Stillwater

Mining

Co.,

4.50%,

11/16/29

(a)

830

755,922

3,782,045

South

Korea

—

0.0%

(c)

LG

Energy

Solution

Ltd.

5.38%,

04/02/30

............

500

506,760

(1-day

SOFR

+

1.70%),

6.02%,

04/02/30

(b)

..............

500

505,980

Shinhan

Financial

Group

Co.

Ltd.,

(5-

Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.06%),

2.88%

(b)(q)

.................

1,000

979,260

SK

Battery

America,

Inc.,

2.13%,

01/26/26

.................

1,326

1,299,639

Tongyang

Life

Insurance

Co.

Ltd.,

(5-

Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.40%),

6.25%,

05/07/35

(b)

...........

500

515,040

3,806,679

Spain

—

0.2%

Arena

Luxembourg

Finance

Sarl,

(3-mo.

EURIBOR

at

0.00%

Floor

+

2.50%),

4.82%,

05/01/30

(b)(c)

....

EUR

1,912

2,192,819

Banco

Bilbao

Vizcaya

Argentaria

SA

(b)(q)

(5-Year

EURIBOR

ICE

Swap

Rate

+

5.54%),

8.38%

(c)

..........

1,000

1,268,215

(5-Year

EUR

Swap

Annual

+

4.27%),

6.88%

(c)

..........

2,400

2,941,393

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.25%),

7.75%

...........

USD

882

914,004

Bankinter

SA

,

(5-Year

EURIBOR

ICE

Swap

Rate

+

4.71%),

7.38%

(b)(c)(q)

.

EUR

2,000

2,474,836

CaixaBank

SA

(b)(c)(q)

(5-Year

EUR

Swap

Annual

+

6.35%),

5.88%

...........

2,000

2,373,993

(5-Year

EURIBOR

ICE

Swap

Rate

+

3.94%),

6.25%

...........

1,200

1,413,995

Cellnex

Telecom

SA,

0.75%,

11/20/31

(c)

(n)

......................

1,400

1,425,512

Cirsa

Finance

International

SARL,

7.88%,

07/31/28

(c)

...........

4,003

4,752,964

Grifols

SA,

7.13%,

05/01/30

(c)

......

2,190

2,637,172

Iberdrola

Finanzas

SA,

Series

IBE,

1.50%,

03/27/30

(c)(n)

..........

1,800

2,122,669

Security

Par

(000)

Par

(000)

Value

Spain

(continued)

Kaixo

Bondco

Telecom

SA,

5.13%,

09/30/29

(c)

................

EUR

1,841

$

2,132,207

26,649,779

Sweden

—

0.2%

Heimstaden

Bostad

Treasury

BV,

1.38%,

03/03/27

(c)

...........

1,286

1,435,831

Intrum

Investments

And

Financing

AB

(c)

7.75%,

09/11/27

............

874

933,466

8.00%,

09/11/27

............

662

772,834

8.00%,

09/11/27

............

960

1,118,763

7.75%,

09/11/28

(a)

...........

1,092

1,128,038

8.50%,

09/11/29

............

1,092

1,115,573

8.50%,

09/11/30

(a)

...........

1,311

1,319,991

Preem

Holdings

AB,

12.00%,

06/30/27

(c)

1,551

1,835,637

Stena

International

SA,

7.25%,

01/15/31

(c)

................

USD

8,600

8,739,105

Verisure

Holding

AB

3.25%,

02/15/27

(c)

...........

EUR

2,016

2,296,150

9.25%,

10/15/27

(a)

...........

3,398

4,027,644

Verisure

Midholding

AB,

5.25%,

02/15/29

(c)

................

5,268

6,054,535

30,777,567

Switzerland

—

0.1%

gategroup

Finance

Luxembourg

SA,

3.00%,

02/28/27

(c)

...........

CHF

2,950

3,585,614

UBS

AG,

(1-day

SOFR

+

0.72%),

4.86%,

01/10/28

(b)

...........

USD

830

835,218

UBS

Group

AG

(a)(b)(q)

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.40%),

4.88%

...........

886

869,156

(USISSO05

+

3.63%),

6.85%

...

4,500

4,600,917

(USISSO05

+

3.08%),

7.00%

...

270

275,409

(USISSO05

+

3.12%),

6.60%

...

1,077

1,077,000

(USISSO05

+

3.18%),

7.13%

...

222

224,849

(USISSO05

+

3.30%),

7.00%

...

588

588,000

VistaJet

Malta

Finance

plc

(a)

9.50%,

06/01/28

............

261

267,525

6.38%,

02/01/30

............

285

269,227

12,592,915

Thailand

—

0.0%

Bangkok

Bank

PCL,

5.30%,

09/21/28

(a)

1,257

1,276,974

Krung

Thai

Bank

PCL

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.53%),

4.40%

(b)

(c)(q)

.....................

596

589,295

Minor

International

PCL,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

7.92%),

2.70%

(b)

(c)(q)

.....................

1,000

980,610

Muang

Thai

Life

Assurance

PCL,

(10-

Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.40%),

3.55%,

01/27/37

(b)(c)

..........

251

245,169

Muangthai

Capital

PCL

(c)

6.88%,

09/30/28

............

1,000

998,750

7.55%,

07/21/30

............

305

308,965

4,399,763

Ukraine

—

0.0%

VF

Ukraine

PAT,

9.62%,

02/11/27

(a)(r)

.

543

516,005

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

19

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

Arab

Emirates

—

0.0%

Abu

Dhabi

Commercial

Bank

PJSC

,

(5-

Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.52%),

8.00%

(b)(c)(q)

................

USD

555

$

586,399

Abu

Dhabi

National

Energy

Co.

PJSC,

4.70%,

04/24/33

(a)

...........

433

429,034

Alpha

Star

Holding

IX

Ltd.,

7.00%,

08/26/28

(c)

................

920

938,980

DP

World

Salaam,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

5.75%),

6.00%

(b)(c)(q)

...

1,090

1,089,319

MAF

Global

Securities

Ltd.

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.54%),

6.38%

(b)

(c)(q)

.....................

629

626,641

MDGH

GMTN

RSC

Ltd.,

4.38%,

11/22/33

(a)

................

789

761,929

4,432,302

United

Kingdom

—

1.2%

10x

Future

Technologies

Services

Ltd.,

(Acquired

12/19/23,

cost

$7,732,606),

15.00%,

06/19/26

(d)(j)

GBP

6,181

7,713,744

AA

Bond

Co.

Ltd.,

6.50%,

01/31/26

(c)

.

2,580

3,398,120

Amber

Finco

plc,

6.63%,

07/15/29

(c)

.

EUR

4,811

5,804,613

Ardonagh

Finco

Ltd.

(a)

6.88%,

02/15/31

............

9,043

10,744,193

7.75%,

02/15/31

............

USD

400

417,065

Barclays

plc

(b)(q)

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.41%),

4.38%

...........

848

805,779

(USISSO05

+

3.69%),

7.63%

...

609

620,369

BCP

V

Modular

Services

Finance

II

plc

6.13%,

11/30/28

(a)

...........

GBP

9,060

11,515,141

6.13%,

11/30/28

(c)

...........

503

639,306

BCP

V

Modular

Services

Finance

plc,

6.75%,

11/30/29

(a)

...........

EUR

6,807

6,758,513

Bellis

Acquisition

Co.

plc,

8.00%,

07/01/31

(c)

................

2,041

2,349,616

Bracken

MidCo1

plc,

6.75%,

(6.75%

Cash

or

7.50%

PIK),

11/01/27

(c)(p)

.

GBP

1,133

1,491,177

British

Telecommunications

plc,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.49%),

4.88%,

11/23/81

(a)(b)

..........

USD

2,800

2,623,125

California

Buyer

Ltd.,

5.63%,

02/15/32

(c)

EUR

1,873

2,235,300

CD&R

Firefly

Bidco

plc,

8.63%,

04/30/29

(c)

................

GBP

749

1,026,787

Centrica

plc,

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

2.51%),

6.50%,

05/21/55

(b)(c)

....

3,321

4,490,148

Connect

Finco

SARL,

9.00%,

09/15/29

(a)

................

USD

3,267

3,299,053

ContourGlobal

Power

Holdings

SA,

5.00%,

02/28/30

(c)

...........

EUR

1,602

1,869,337

Deuce

Finco

plc

5.50%,

06/15/27

(a)

...........

GBP

8,081

10,632,152

5.50%,

06/15/27

(c)

...........

5,085

6,690,322

Edge

Finco

plc,

8.13%,

08/15/31

(c)

..

3,888

5,443,817

eG

Global

Finance

plc,

12.00%,

11/30/28

(a)

................

USD

4,257

4,703,593

Froneri

Lux

Finco

Sarl,

4.75%,

08/01/32

(c)

................

EUR

1,791

2,059,218

Gatwick

Airport

Finance

plc,

4.38%,

04/07/26

(c)

................

GBP

1,834

2,406,813

Security

Par

(000)

Par

(000)

Value

United

Kingdom

(continued)

Global

Auto

Holdings

Ltd.

(a)

8.38%,

01/15/29

............

USD

400

$

372,198

11.50%,

08/15/29

...........

509

505,227

8.75%,

01/15/32

............

210

185,951

Global

Switch

Finance

BV,

1.38%,

10/07/30

(c)

................

EUR

1,788

1,905,989

Heathrow

Finance

plc,

6.63%,

03/01/31

(c)

................

GBP

5,000

6,605,916

Howden

UK

Refinance

plc,

7.25%,

02/15/31

(a)

................

USD

467

483,571

HSBC

Holdings

plc

(b)

(5-Year

EUR

Swap

Annual

+

3.84%),

4.75%

(c)(q)

.........

EUR

2,882

3,317,223

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.64%),

6.95%

(q)

..........

USD

396

404,825

(3-mo.

ASX

Australia

Bank

Bill

Short

Term

Rates

Mid

+

1.87%),

5.60%,

03/11/35

(c)

..............

AUD

300

192,485

INEOS

Quattro

Finance

2

plc

(c)

8.50%,

03/15/29

............

EUR

2,099

2,422,136

6.75%,

04/15/30

............

1,358

1,466,617

Lloyds

Banking

Group

plc

,

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

3.44%),

7.50%

(b)(q)

...

GBP

1,025

1,373,078

Mobico

Group

plc

(c)

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

4.14%),

4.25%

(b)(q)

...............

539

439,337

4.88%,

09/26/31

............

EUR

2,132

1,984,100

Motion

Finco

SARL,

7.38%,

06/15/30

(c)

1,826

1,974,078

National

Grid

plc,

0.16%,

01/20/28

(c)

.

4,956

5,339,424

Nationwide

Building

Society

(b)(c)(q)

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

5.63%),

5.75%

.................

GBP

1,332

1,750,767

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

3.85%),

7.50%

.................

3,488

4,691,416

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

3.59%),

7.88%

.................

400

544,442

NatWest

Group

plc,

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

3.29%),

7.50%

(b)(q)

...

1,325

1,761,892

Ocado

Group

plc,

11.00%,

06/15/30

(c)

1,668

2,255,354

OEG

Finance

plc,

7.25%,

09/27/29

(c)

.

EUR

1,272

1,515,801

Pinewood

Finco

plc,

6.00%,

03/27/30

(a)

GBP

4,290

5,693,769

Pinnacle

Bidco

plc,

10.00%,

10/11/28

(c)

1,687

2,353,131

Stonegate

Pub

Co.

Financing

2019

plc,

(3-mo.

EURIBOR

+

6.63%),

8.77%,

07/31/29

(b)(c)

...............

EUR

1,155

1,297,880

Stonegate

Pub

Co.

Financing

plc,

10.75%,

07/31/29

(c)

..........

GBP

3,619

4,853,514

Thames

Water

Super

Senior

Issuer

plc,

9.75%,

10/10/27

(a)

...........

56

81,116

Thames

Water

Utilities

Finance

plc,

4.00%,

06/19/27

(c)

...........

5,048

4,634,849

Thames

Water

Utilities

Ltd.,

0.00%,

03/22/27

(a)(e)

...............

38

41,754

Virgin

Media

Finance

plc,

5.00%,

07/15/30

(a)

................

USD

880

793,261

Virgin

Media

Secured

Finance

plc

(c)

4.25%,

01/15/30

............

GBP

2,488

3,027,022

4.13%,

08/15/30

............

4,850

5,796,983

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

20

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

Kingdom

(continued)

Virgin

Media

Vendor

Financing

Notes

III

DAC,

4.88%,

07/15/28

(c)

.......

GBP

8,538

$

10,909,249

Virgin

Media

Vendor

Financing

Notes

IV

DAC,

5.00%,

07/15/28

(a)

.......

USD

1,425

1,381,955

Vmed

O2

UK

Financing

I

plc

4.50%,

07/15/31

(c)

...........

GBP

2,048

2,455,332

4.75%,

07/15/31

(a)

...........

USD

1,425

1,318,368

Vodafone

Group

plc

(b)

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.77%),

4.13%,

06/04/81

....

545

501,902

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

3.84%),

8.00%,

08/30/86

(c)

.........

GBP

1,528

2,209,641

Zegona

Finance

plc

(c)

6.75%,

07/15/29

............

EUR

3,321

4,015,477

6.75%,

07/15/29

(a)

...........

2,595

3,124,292

195,718,623

United

States

—

5.5%

Acadia

Healthcare

Co.,

Inc.

(a)

5.50%,

07/01/28

............

USD

783

773,014

7.38%,

03/15/33

............

179

184,298

Acrisure

LLC,

4.25%,

02/15/29

(a)

....

843

804,824

Adient

Global

Holdings

Ltd.,

7.50%,

02/15/33

(a)

................

839

855,579

Aethon

United

BR

LP,

7.50%,

10/01/29

(a)

................

811

849,718

Alexander

Funding

Trust

II,

7.47%,

07/31/28

(a)

................

2,591

2,752,685

Allegiant

Travel

Co.,

7.25%,

08/15/27

(a)

2,340

2,338,547

Alliant

Holdings

Intermediate

LLC

(a)

4.25%,

10/15/27

............

867

848,805

6.75%,

04/15/28

............

26

26,352

7.00%,

01/15/31

............

100

102,827

6.50%,

10/01/31

............

430

436,245

Allied

Universal

Holdco

LLC

4.88%,

06/01/28

(c)

...........

GBP

11,939

15,335,958

7.88%,

02/15/31

(a)

...........

USD

1,149

1,204,884

Ally

Financial,

Inc.,

(1-day

SOFR

+

1.78%),

5.55%,

07/31/33

(b)

.....

1,378

1,379,911

Alpha

Generation

LLC,

6.75%,

10/15/32

(a)

................

615

629,344

AMC

Networks,

Inc.

10.25%,

01/15/29

(a)

..........

5,194

5,330,212

4.25%,

02/15/29

............

4,997

4,000,198

4.25%,

02/15/29

(n)

...........

1,994

1,639,684

10.50%,

07/15/32

(a)

..........

356

362,230

Amentum

Holdings,

Inc.,

7.25%,

08/01/32

(a)

................

468

484,133

American

Axle

&

Manufacturing,

Inc.

6.88%,

07/01/28

............

100

99,617

5.00%,

10/01/29

............

1,150

1,043,438

American

Tower

Corp.,

0.45%,

01/15/27

EUR

8,700

9,651,293

AmeriGas

Partners

LP

(a)

9.38%,

06/01/28

............

USD

563

579,883

9.50%,

06/01/30

............

249

261,419

Amkor

Technology,

Inc.,

6.63%,

09/15/27

(a)

................

1,294

1,292,459

AmWINS

Group,

Inc.

(a)

6.38%,

02/15/29

............

291

296,333

4.88%,

06/30/29

............

358

347,720

AP

Grange

Holdings

LLC,

(Acquired

06/21/24,

cost

$6,812,266),

6.50%,

03/20/45

(d)(j)

................

6,812

6,880,388

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Aramark

Services,

Inc.,

5.00%,

02/01/28

(a)

................

USD

737

$

729,732

Arches

Buyer,

Inc.,

4.25%,

06/01/28

(a)

435

418,970

Arcosa,

Inc.

(a)

4.38%,

04/15/29

............

640

617,373

6.88%,

08/15/32

............

335

346,072

Ardagh

Metal

Packaging

Finance

USA

LLC

6.00%,

06/15/27

(a)

...........

300

300,264

2.00%,

09/01/28

(c)

...........

EUR

1,995

2,161,612

3.25%,

09/01/28

(a)

...........

USD

223

210,260

Ardagh

Packaging

Finance

plc

2.13%,

08/15/26

(c)

...........

EUR

5,085

5,787,221

4.13%,

08/15/26

(a)

...........

USD

18,334

18,104,825

Aretec

Group,

Inc.,

10.00%,

08/15/30

(a)

1,381

1,505,869

Arsenal

AIC

Parent

LLC,

11.50%,

10/01/31

(a)

................

713

792,943

Ashton

Woods

USA

LLC,

6.88%,

08/01/33

(a)

................

1,244

1,241,341

ATI,

Inc.,

7.25%,

08/15/30

........

861

902,570

Avis

Budget

Car

Rental

LLC

(a)

5.38%,

03/01/29

............

102

97,655

8.00%,

02/15/31

............

21

21,444

8.38%,

06/15/32

............

851

877,898

Ball

Corp.,

4.25%,

07/01/32

.......

EUR

1,971

2,297,252

Bank

of

America

Corp.

(b)

(3-mo.

EURIBOR

+

0.91%),

1.95%,

10/27/26

(c)

..............

3,529

4,025,188

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.35%),

6.25%

(q)

..........

USD

473

471,373

Bank

of

New

York

Mellon

Corp.

(The),

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.30%),

6.30%

(b)(q)

...........

397

406,910

Bausch

+

Lomb

Corp.,

8.38%,

10/01/28

(a)

................

1,117

1,164,584

Bausch

+

Lomb

Netherlands

BV

and

Bausch

&

Lomb,

Inc.,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.88%),

5.87%,

01/15/31

(b)(c)

..........

EUR

1,067

1,227,807

BCPE

Flavor

Debt

Merger

Sub

LLC

&

BCPE

Flavor

Issuer,

Inc.,

9.50%,

07/01/32

(a)

................

USD

1,593

1,641,564

Beach

Acquisition

Bidco

LLC

5.25%,

07/15/32

(c)

...........

EUR

1,521

1,766,095

10.00%,

(10.00%

Cash

or

10.75%

PIK),

07/15/33

(a)(p)

.........

USD

300

312,772

Becton

Dickinson

Euro

Finance

SARL,

3.55%,

09/13/29

............

EUR

5,830

6,821,133

Blue

Racer

Midstream

LLC

(a)

7.00%,

07/15/29

............

USD

126

130,662

7.25%,

07/15/32

............

826

870,853

Boyd

Gaming

Corp.,

4.75%,

06/15/31

(a)

778

741,042

Bracelet

Holdings,

Inc.,

9.25%,

07/02/28

(a)

................

10,181

9,780,025

Breeze

Aviation

Group,

Inc.

(d)(j)

(Acquired

01/26/24,

cost

$8,905,093)

20.00%,

01/30/28

.

8,905

9,172,246

Series

B,(Acquired

01/26/24,

cost

$4,452,546)

20.00%,

01/30/28

.

4,453

4,586,123

Caesars

Entertainment,

Inc.

(a)

4.63%,

10/15/29

............

758

716,335

6.00%,

10/15/32

............

208

200,759

California

Resources

Corp.,

8.25%,

06/15/29

(a)

................

2,222

2,282,517

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

21

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Calpine

Corp.

(a)

5.13%,

03/15/28

............

USD

164

$

163,207

4.63%,

02/01/29

............

313

307,612

5.00%,

02/01/31

............

800

790,736

Camelot

Return

Merger

Sub,

Inc.,

8.75%,

08/01/28

(a)

...........

332

304,202

CCO

Holdings

LLC,

4.75%,

02/01/32

(a)

1,163

1,075,033

Centene

Corp.,

4.25%,

12/15/27

...

7,000

6,787,805

CenterPoint

Energy,

Inc.,

3.00%,

08/01/28

(a)(n)

...............

557

562,849

Central

Parent

LLC,

8.00%,

06/15/29

(a)

464

393,616

Central

Parent,

Inc.,

7.25%,

06/15/29

(a)

463

380,437

Chart

Industries,

Inc.,

9.50%,

01/01/31

(a)

................

497

531,503

Chemours

Co.

(The)

(a)

4.63%,

11/15/29

............

275

232,915

8.00%,

01/15/33

............

581

540,458

Churchill

Downs,

Inc.

(a)

5.50%,

04/01/27

............

407

406,459

5.75%,

04/01/30

............

732

730,192

Cinemark

USA,

Inc.

(a)

5.25%,

07/15/28

............

743

737,746

7.00%,

08/01/32

............

89

91,900

Citigroup,

Inc.

(b)(q)

Series

FF,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.73%),

6.95%

....

464

467,759

Series

GG,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.89%),

6.88%

....

481

485,089

Civitas

Resources,

Inc.

(a)

5.00%,

10/15/26

............

2,792

2,761,272

8.38%,

07/01/28

............

2,743

2,820,698

8.63%,

11/01/30

............

2,265

2,310,832

Clarios

Global

LP

6.75%,

02/15/30

(a)

...........

1,067

1,100,109

4.75%,

06/15/31

(c)

...........

EUR

2,538

2,928,529

Clear

Channel

Outdoor

Holdings,

Inc.

(a)

5.13%,

08/15/27

............

USD

247

246,664

9.00%,

09/15/28

............

100

104,774

7.88%,

04/01/30

............

338

348,075

7.13%,

02/15/31

............

1,927

1,924,340

Cloud

Software

Group,

Inc.

(a)

6.50%,

03/31/29

............

6,176

6,237,050

9.00%,

09/30/29

............

1,588

1,643,359

8.25%,

06/30/32

............

2,981

3,174,261

Clydesdale

Acquisition

Holdings,

Inc.

(a)

6.63%,

04/15/29

............

213

215,525

8.75%,

04/15/30

............

1,913

1,952,365

6.75%,

04/15/32

............

503

515,228

Cogent

Communications

Group

LLC

7.00%,

06/15/27

(a)

...........

1,214

1,215,608

Comcast

Corp.,

0.25%,

09/14/29

...

EUR

2,056

2,121,352

CommScope

LLC,

9.50%,

12/15/31

(a)

USD

1,155

1,216,290

Community

Health

Systems,

Inc.

(a)

6.00%,

01/15/29

............

540

513,281

5.25%,

05/15/30

............

280

244,937

4.75%,

02/15/31

............

746

624,206

10.88%,

01/15/32

...........

355

372,176

Compass

Minerals

International,

Inc.,

8.00%,

07/01/30

(a)

...........

175

181,306

Comstock

Resources,

Inc.

(a)

6.75%,

03/01/29

............

374

369,774

6.75%,

03/01/29

............

660

648,300

5.88%,

01/15/30

............

100

94,398

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Constellium

SE,

5.38%,

08/15/32

(c)

..

EUR

1,079

$

1,269,649

Core

Scientific,

Inc.,

0.00%,

06/15/31

(a)

(e)(n)

.....................

USD

894

899,749

CoreWeave,

Inc.

(a)

9.25%,

06/01/30

............

778

781,929

9.00%,

02/01/31

............

111

110,527

Cornerstone

Building

Brands,

Inc.,

9.50%,

08/15/29

(a)

...........

514

471,153

Crescent

Energy

Finance

LLC,

7.38%,

01/15/33

(a)

................

2,265

2,166,867

CSC

Holdings

LLC

(a)

5.50%,

04/15/27

............

6,480

6,272,109

11.25%,

05/15/28

...........

1,398

1,405,278

11.75%,

01/31/29

...........

3,068

2,869,774

CVR

Energy,

Inc.

(a)

5.75%,

02/15/28

............

200

191,776

8.50%,

01/15/29

............

427

419,522

Dana

Financing

Luxembourg

SARL,

8.50%,

07/15/31

(c)

...........

EUR

2,883

3,556,509

Darling

Global

Finance

BV,

4.50%,

07/15/32

(c)

................

2,347

2,719,209

Delek

Logistics

Partners

LP

(a)

8.63%,

03/15/29

............

USD

537

558,861

7.38%,

06/30/33

............

586

579,280

DirecTV

Financing

LLC,

8.88%,

02/01/30

(a)

................

299

291,133

DISH

Network

Corp.

(n)

0.00%,

12/15/25

(e)

...........

5,722

5,149,793

3.38%,

08/15/26

............

1,604

1,332,116

Dotdash

Meredith,

Inc.,

7.63%,

06/15/32

(a)

................

785

765,179

Encino

Acquisition

Partners

Holdings

LLC,

8.75%,

05/01/31

(a)

.......

864

953,446

Endo

Finance

Holdings,

Inc.,

8.50%,

04/15/31

(a)

................

605

643,618

Energizer

Holdings,

Inc.,

4.38%,

03/31/29

(a)

................

500

474,026

EQT

Corp.,

7.50%,

06/01/30

(c)

.....

865

947,893

EquipmentShare.com,

Inc.

(a)

9.00%,

05/15/28

............

196

206,570

8.00%,

03/15/33

............

703

733,939

Fertitta

Entertainment

LLC,

4.63%,

01/15/29

(a)

................

443

421,160

Figeac

Aero

North

America,

Inc.,

(Acquired

07/16/25,

cost

$7,621,252),

7.79%,

07/23/30

(c)(j)

.

EUR

6,550

7,474,860

First

Citizens

BancShares,

Inc.

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

1.97%),

6.25%,

03/12/40

(b)

...........

USD

14,717

14,721,688

Flyr

-

Secured

Note,

10.00%,

05/10/27

(d)

................

7,060

4,792,194

Focus

Financial

Partners

LLC,

6.75%,

09/15/31

(a)

................

717

732,712

Ford

Motor

Credit

Co.

LLC

6.95%,

03/06/26

............

1,425

1,436,197

6.95%,

06/10/26

............

3,506

3,545,654

4.54%,

08/01/26

............

1,396

1,384,177

5.13%,

11/05/26

............

2,822

2,814,096

4.27%,

01/09/27

............

2,830

2,788,122

Freedom

Mortgage

Corp.

(a)

6.63%,

01/15/27

............

95

95,054

12.00%,

10/01/28

...........

132

141,176

12.25%,

10/01/30

...........

209

231,185

Freedom

Mortgage

Holdings

LLC

(a)

9.25%,

02/01/29

............

108

112,567

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

22

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

9.13%,

05/15/31

............

USD

224

$

232,851

8.38%,

04/01/32

............

805

823,334

Frontier

Communications

Holdings

LLC

(a)

5.88%,

10/15/27

............

572

572,103

5.00%,

05/01/28

............

2,147

2,144,298

6.75%,

05/01/29

............

3,740

3,775,766

6.00%,

01/15/30

............

355

359,221

8.75%,

05/15/30

............

10,201

10,676,091

8.63%,

03/15/31

............

7,038

7,456,041

Frontier

Florida

LLC,

Series

E,

6.86%,

02/01/28

.................

7,885

8,206,345

Frontier

North,

Inc.,

Series

G,

6.73%,

02/15/28

.................

5,085

5,250,262

Full

House

Resorts,

Inc.,

8.25%,

02/15/28

(a)

................

262

253,626

General

Motors

Financial

Co.,

Inc.,

4.30%,

02/15/29

(c)

...........

EUR

2,332

2,780,365

Genesis

Energy

LP

7.75%,

02/01/28

............

USD

421

425,204

8.00%,

05/15/33

............

598

619,981

Global

Partners

LP

(a)

8.25%,

01/15/32

............

300

314,553

7.13%,

07/01/33

............

139

141,155

Global

Payments,

Inc.,

4.88%,

03/17/31

EUR

1,697

2,029,613

Goldman

Sachs

Group,

Inc.

(The)

(c)

0.25%,

01/26/28

............

4,022

4,348,970

0.88%,

05/09/29

............

3,676

3,915,800

Goodyear

Tire

&

Rubber

Co.

(The)

5.00%,

07/15/29

............

USD

200

194,022

5.63%,

04/30/33

............

734

688,859

GoTo

Group,

Inc.

(a)

5.50%,

05/01/28

............

1,665

566,185

5.50%,

05/01/28

............

1,300

1,094,648

Gray

Media,

Inc.,

10.50%,

07/15/29

(a)

415

449,113

Green

Plains,

Inc.,

11.75%,

02/09/26

(a)(b)

(d)

......................

93,392

91,645,785

GS

Finance

Corp.,

8.75%,

02/14/30

(b)

26,850

27,324,440

Helios

Software

Holdings,

Inc.,

7.88%,

05/01/29

(a)

................

EUR

5,180

6,196,532

Hilton

Grand

Vacations

Borrower

LLC,

4.88%,

07/01/31

(a)

...........

USD

653

600,403

Homes

By

West

Bay

LLC,

11.00%,

02/06/30

(d)

................

38,780

38,830,414

Howard

Midstream

Energy

Partners

LLC

(a)

8.88%,

07/15/28

............

377

393,094

7.38%,

07/15/32

............

272

281,227

HUB

International

Ltd.,

7.25%,

06/15/30

(a)

................

1,127

1,174,825

Hyundai

Capital

America

,

(1-day

SOFR

+

1.35%),

5.73%,

03/27/30

(b)(c)

...

1,000

1,004,550

Inversion

Escrow

Issuer

LLC,

6.75%,

08/01/32

(a)

................

368

363,644

ITT

Holdings

LLC,

6.50%,

08/01/29

(a)

710

676,281

Jefferies

Finance

LLC,

5.00%,

08/15/28

(a)

................

526

507,246

JetBlue

Airways

Corp.,

9.88%,

09/20/31

(a)

................

779

753,176

JetBlue

Pass-Through

Trust,

Series

2019-1,

Class

AA,

2.75%,

05/15/32

982

855,825

JPMorgan

Chase

&

Co.

(b)

(3-mo.

EURIBOR

+

0.76%),

1.09%,

03/11/27

(c)

..............

EUR

3,647

4,132,132

(3-mo.

EURIBOR

+

0.60%),

3.67%,

06/06/28

(c)

..............

3,099

3,617,911

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

OO,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

2.15%),

6.50%

(q)

...

USD

410

$

420,284

KeHE

Distributors

LLC,

9.00%,

02/15/29

(a)

................

787

821,321

Kronos

International,

Inc.,

9.50%,

03/15/29

(c)

................

EUR

869

1,061,827

LCM

Investments

Holdings

II

LLC

(a)

4.88%,

05/01/29

............

USD

515

500,488

8.25%,

08/01/31

............

635

671,398

Lessen

LLC

,

(3-mo.

CME

Term

SOFR

+

8.50%),

12.76%,

01/05/28

(a)(b)(d)

..

20,713

19,263,488

Level

3

Financing,

Inc.

(a)

11.00%,

11/15/29

...........

391

443,306

6.88%,

06/30/33

............

943

955,593

LGI

Homes,

Inc.,

7.00%,

11/15/32

(a)

.

3,669

3,531,413

LifePoint

Health,

Inc.

(a)

9.88%,

08/15/30

............

380

409,559

11.00%,

10/15/30

...........

100

109,909

8.38%,

02/15/32

............

520

553,225

Light

&

Wonder

International,

Inc.

(a)

7.25%,

11/15/29

............

587

602,788

7.50%,

09/01/31

............

278

289,755

Live

Nation

Entertainment,

Inc.,

4.75%,

10/15/27

(a)

................

900

886,088

M&T

Bank

Corp.

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

1.43%),

5.40%,

07/30/35

(b)

................

1,722

1,724,617

Magnera

Corp.

(a)

4.75%,

11/15/29

............

76

67,172

7.25%,

11/15/31

............

581

546,866

Mauser

Packaging

Solutions

Holding

Co.,

7.88%,

04/15/27

(a)

........

3,017

3,043,326

McGraw-Hill

Education,

Inc.

(a)

5.75%,

08/01/28

............

179

178,293

7.38%,

09/01/31

............

360

374,197

Medline

Borrower

LP,

5.25%,

10/01/29

(a)

................

1,782

1,747,183

MGM

Resorts

International,

6.50%,

04/15/32

.................

345

350,426

Mohegan

Tribal

Gaming

Authority,

11.88%,

04/15/31

(a)

..........

796

829,172

Morgan

Stanley

(b)

(3-mo.

EURIBOR

+

0.83%),

1.34%,

10/23/26

...............

EUR

4,468

5,087,748

(3-mo.

EURIBOR

+

1.30%),

4.66%,

03/02/29

...............

2,963

3,543,730

MPT

Operating

Partnership

LP,

7.00%,

02/15/32

(c)

................

2,030

2,379,718

Nasdaq,

Inc.,

4.50%,

02/15/32

.....

2,445

2,981,851

Nationstar

Mortgage

Holdings,

Inc.

(a)

5.50%,

08/15/28

............

USD

200

199,730

6.50%,

08/01/29

............

311

318,094

5.75%,

11/15/31

............

348

351,865

7.13%,

02/01/32

............

680

710,088

NCL

Corp.

Ltd.,

6.75%,

02/01/32

(a)

..

625

641,950

NCL

Finance

Ltd.,

6.13%,

03/15/28

(a)

217

219,620

NCR

Atleos

Corp.,

9.50%,

04/01/29

(a)

4,654

5,041,934

NCR

Voyix

Corp.

(a)

5.00%,

10/01/28

............

1,256

1,235,467

5.13%,

04/15/29

............

429

420,430

New

Generation

Co.,

10.34%,

09/30/29

(a)(d)

...............

15,364

15,249,092

Newell

Brands,

Inc.

6.63%,

09/15/29

............

200

199,113

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

23

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

6.38%,

05/15/30

............

USD

274

$

265,517

6.63%,

05/15/32

............

516

493,465

Nexstar

Media,

Inc.,

5.63%,

07/15/27

(a)

598

596,839

Northern

Oil

&

Gas,

Inc.

(a)

8.13%,

03/01/28

............

348

351,388

8.75%,

06/15/31

............

230

236,298

Novelis

Corp.

(a)

4.75%,

01/30/30

............

46

44,041

6.88%,

01/30/30

............

307

316,347

3.88%,

08/15/31

............

775

695,158

Occidental

Petroleum

Corp.,

5.20%,

08/01/29

.................

1,690

1,694,112

Olympus

Water

US

Holding

Corp.

(a)

4.25%,

10/01/28

............

403

383,732

9.75%,

11/15/28

............

2,138

2,241,319

7.25%,

06/15/31

............

504

514,710

OneMain

Finance

Corp.,

7.13%,

11/15/31

..................

500

516,163

Organon

&

Co.

(a)

5.13%,

04/30/31

............

948

820,130

7.88%,

05/15/34

............

545

487,949

OT

Midco,

Inc.,

10.00%,

02/15/30

(a)

..

5,082

4,141,728

Outfront

Media

Capital

LLC

(a)

5.00%,

08/15/27

............

501

495,958

4.25%,

01/15/29

............

100

95,205

4.63%,

03/15/30

............

150

142,394

Owens-Brockway

Glass

Container,

Inc.,

6.63%,

05/13/27

(a)

...........

222

222,267

Palomino

Funding

Trust

I,

7.23%,

05/17/28

(a)

................

665

702,478

Panther

Escrow

Issuer

LLC,

7.13%,

06/01/31

(a)

................

707

731,107

Park

Intermediate

Holdings

LLC

(a)

5.88%,

10/01/28

............

858

854,656

4.88%,

05/15/29

............

478

459,811

Performance

Food

Group,

Inc.,

4.25%,

08/01/29

(a)

................

945

908,556

Permian

Resources

Operating

LLC

(a)

5.38%,

01/15/26

............

284

283,523

8.00%,

04/15/27

............

2,126

2,173,870

PetSmart,

Inc.,

4.75%,

02/15/28

(a)

...

917

899,879

Pike

Corp.,

5.50%,

09/01/28

(a)

.....

404

402,349

Pioneer

Midco

LLC,

10.50%,

11/18/30

(a)

(b)(d)

.....................

17,431

17,802,201

Pitney

Bowes,

Inc.,

6.88%,

03/15/27

(a)

6,234

6,223,999

Post

Holdings,

Inc.

(a)

5.50%,

12/15/29

............

377

373,732

4.50%,

09/15/31

............

407

376,196

6.25%,

10/15/34

............

480

480,602

Prestige

Brands,

Inc.,

3.75%,

04/01/31

(a)

................

746

682,669

Quikrete

Holdings,

Inc.,

6.75%,

03/01/33

(a)

................

890

912,806

Reworld

Holding

Corp.,

4.88%,

12/01/29

(a)

................

289

275,999

RingCentral,

Inc.,

8.50%,

08/15/30

(a)

.

8,317

8,836,596

RR

Donnelley

&

Sons

Co.

(a)

9.50%,

08/01/29

............

70

71,524

10.88%,

08/01/29

...........

637

620,545

Sabre

GLBL,

Inc.

(a)

8.63%,

06/01/27

............

834

847,261

10.75%,

11/15/29

...........

8,854

9,119,354

11.13%,

07/15/30

...........

2,792

2,943,466

SCIH

Salt

Holdings,

Inc.,

4.88%,

05/01/28

(a)

................

576

559,278

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Scotts

Miracle-Gro

Co.

(The)

4.00%,

04/01/31

............

USD

338

$

308,550

4.38%,

02/01/32

............

177

160,819

Seagate

Data

Storage

Technology

Pte.

Ltd.

(a)

8.25%,

12/15/29

............

5,827

6,210,896

8.50%,

07/15/31

............

3,134

3,309,887

9.63%,

12/01/32

............

5,055

5,693,072

Select

Medical

Corp.,

6.25%,

12/01/32

(a)

................

4,486

4,474,397

Service

Properties

Trust

5.50%,

12/15/27

............

100

98,618

8.38%,

06/15/29

............

11,128

11,530,767

8.63%,

11/15/31

(a)

...........

1,130

1,203,380

8.88%,

06/15/32

............

11,613

12,142,971

Shift4

Payments

LLC,

5.50%,

05/15/33

(c)

................

EUR

1,506

1,792,198

Six

Flags

Entertainment

Corp.

5.50%,

04/15/27

(a)

...........

USD

455

453,803

5.25%,

07/15/29

............

440

427,561

SM

Energy

Co.,

6.75%,

08/01/29

(a)

..

950

950,751

Snap,

Inc.,

6.88%,

03/01/33

(a)

.....

233

238,907

Solaris

Energy

Infrastructure,

Inc.,

4.75%,

05/01/30

(a)(n)

..........

7,574

11,299,461

Sonder

Holdings,

Inc.,

7.00%,

12/10/27

(d)

................

24,772

21,397,152

Spirit

AeroSystems,

Inc.

(a)

9.38%,

11/30/29

............

5,300

5,600,182

9.75%,

11/15/30

............

12,861

14,144,568

Spirit

Airlines

Pass-Through

Trust

Series

2015-1,Class

A,

4.10%,

04/01/28

(f)(o)

.............

148

134,873

Series

2017-1,Class

AA,

3.38%,

02/15/30

...............

1,743

1,543,332

Series

2017-1A,Class

A,

3.65%,

08/15/31

(f)(o)

.............

4,575

3,950,023

SS&C

Technologies,

Inc.

(a)

5.50%,

09/30/27

............

380

380,083

6.50%,

06/01/32

............

685

704,343

Stagwell

Global

LLC,

5.63%,

08/15/29

(a)

567

545,747

Star

Parent,

Inc.,

9.00%,

10/01/30

(a)

.

614

645,682

Starz

Capital

Holdings

1,

Inc.,

5.50%,

04/15/29

(a)

................

17,943

16,731,848

Starz

Capital

Holdings

LLC,

5.50%,

04/15/29

(a)

................

1,061

878,614

Station

Casinos

LLC

(a)

4.63%,

12/01/31

............

150

140,374

6.63%,

03/15/32

............

372

379,336

Stem,

Inc.,

0.50%,

12/01/28

(a)(n)

....

749

164,480

STL

Holding

Co.

LLC,

8.75%,

02/15/29

(a)

................

1,308

1,358,010

Suburban

Propane

Partners

LP,

5.00%,

06/01/31

(a)

................

483

453,619

Talen

Energy

Supply

LLC,

8.63%,

06/01/30

(a)

................

2,955

3,140,190

Tallgrass

Energy

Partners

LP

(a)

5.50%,

01/15/28

............

615

609,477

6.00%,

12/31/30

............

277

271,391

6.00%,

09/01/31

............

513

502,698

Tenet

Healthcare

Corp.,

6.13%,

10/01/28

.................

1,979

1,979,121

Tenneco,

Inc.,

8.00%,

11/17/28

(a)

...

5,941

5,896,715

Texas

Capital

Bancshares,

Inc.

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.15%),

4.00%,

05/06/31

(b)

...........

7,458

7,308,044

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

24

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Thermo

Fisher

Scientific,

Inc.,

1.38%,

09/12/28

.................

EUR

3,674

$

4,051,114

TKC

Holdings,

Inc.,

6.88%,

05/15/28

(a)

USD

100

99,916

TransDigm,

Inc.

4.63%,

01/15/29

............

1,072

1,048,109

4.88%,

05/01/29

............

1,165

1,143,187

Transocean

Titan

Financing

Ltd.,

8.38%,

02/01/28

(a)

...........

538

551,709

Transocean,

Inc.,

8.25%,

05/15/29

(a)

.

3,021

2,853,065

Tronox,

Inc.,

4.63%,

03/15/29

(a)

....

874

679,981

UKG,

Inc.,

6.88%,

02/01/31

(a)

......

967

992,785

United

Airlines

Pass-Through

Trust,

Series

2019-2,

Class

A,

2.90%,

05/01/28

.................

701

657,801

United

Wholesale

Mortgage

LLC,

5.50%,

04/15/29

(a)

...........

425

415,710

Uniti

Group

LP

(a)

10.50%,

02/15/28

...........

7,364

7,782,857

4.75%,

04/15/28

............

922

893,524

Univision

Communications,

Inc.

(a)

4.50%,

05/01/29

............

399

369,185

8.50%,

07/31/31

............

573

581,922

9.38%,

08/01/32

............

1,355

1,405,949

USA

Compression

Partners

LP

6.88%,

09/01/27

............

368

367,912

7.13%,

03/15/29

(a)

...........

435

444,680

UWM

Holdings

LLC,

6.63%,

02/01/30

(a)

2,475

2,476,088

Valaris

Ltd.,

8.38%,

04/30/30

(a)

.....

368

380,104

Vantage

Drilling

International

Ltd.,

9.50%,

02/15/28

(a)

...........

369

368,539

Venture

Global

LNG,

Inc.

(a)

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

5.44%),

9.00%

(b)(q)

.........

3,017

3,017,769

7.00%,

01/15/30

............

2,257

2,288,632

Verizon

Communications,

Inc.,

4.25%,

10/31/30

.................

EUR

3,192

3,857,446

Viking

Cruises

Ltd.

(a)

5.88%,

09/15/27

............

USD

552

551,644

7.00%,

02/15/29

............

753

758,790

Vistra

Operations

Co.

LLC,

5.63%,

02/15/27

(a)

................

10,588

10,575,828

Vital

Energy,

Inc.

9.75%,

10/15/30

............

368

345,209

7.88%,

04/15/32

(a)

...........

300

263,314

Voyager

Parent

LLC,

9.25%,

07/01/32

(a)

382

404,096

Wand

NewCo

3,

Inc.,

7.63%,

01/30/32

(a)

466

489,286

Warnermedia

Holdings,

Inc.,

3.76%,

03/15/27

.................

9,051

8,874,596

Weekley

Homes

LLC,

4.88%,

09/15/28

(a)

................

68

65,433

Wells

Fargo

&

Co.,

0.63%,

03/25/30

(c)

EUR

3,652

3,747,430

Wildfire

Intermediate

Holdings

LLC,

7.50%,

10/15/29

(a)

...........

USD

1,770

1,761,222

Wolfspeed,

Inc.,

1.75%,

05/01/26

(f)(n)(o)

1,295

391,737

WR

Grace

Holdings

LLC,

4.88%,

06/15/27

(a)

................

563

559,826

Xerox

Corp.

(a)

10.25%,

10/15/30

...........

2,923

3,005,335

13.50%,

04/15/31

...........

2,715

2,653,912

Xerox

Holdings

Corp.

(a)

5.50%,

08/15/28

............

745

492,743

8.88%,

11/30/29

............

751

489,006

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Zayo

Group

Holdings,

Inc.,

4.00%,

03/01/27

(a)

................

USD

879

$

834,939

878,941,723

Uzbekistan

—

0.0%

Navoi

Mining

&

Metallurgical

Combinat

(a)

6.70%,

10/17/28

............

499

511,166

6.95%,

10/17/31

............

631

651,905

1,163,071

Vietnam

—

0.0%

Mong

Duong

Finance

Holdings

BV,

5.13%,

05/07/29

(c)

...........

678

662,124

Zambia

—

0.0%

First

Quantum

Minerals

Ltd.

(a)

6.88%,

10/15/27

............

2,040

2,037,450

9.38%,

03/01/29

............

2,816

2,974,400

5,011,850

Total

Corporate

Bonds

—

12.3%

(Cost:

$2,143,653,582)

...........................

1,977,603,575

Fixed

Rate

Loan

Interests

France

—

0.0%

Atos

SE,

1st

Lien

Term

Loan,

9.00%

,

 12/17/29

............

EUR

5,236

6,318,904

United

States

—

0.1%

Aspen

Owner

LLC,

1st

Lien

Term

Loan,

7.27%

,

 02/09/27

(d)

...........

USD

18,600

18,717,399

X

Corp.,

1st

Lien

Term

Loan

B3,

9.50%

,

 10/26/29

............

1,707

1,653,895

20,371,294

Total

Fixed

Rate

Loan

Interests

—

0.1%

(Cost:

$25,987,884)

..............................

26,690,198

Floating

Rate

Loan

Interests

Belgium

—

0.0%

United

Petfood

Finance

BV,

1st

Lien

Term

Loan

B,

(6-mo.

EURIBOR

at

0.00%

Floor

+

2.75%),

5.17%

,

 02/26/32

(b)

...........

EUR

4,978

5,667,347

Canada

—

0.1%

(b)

Bausch

+

Lomb

Corp.,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.25%),

8.61%

,

 01/15/31

............

USD

4,183

4,194,521

Clarios

Global

LP,

1st

Lien

Term

Loan,

(1-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.15%

,

 01/28/32

......

EUR

5,000

5,721,692

Garda

World

Security

Corp.,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

3.00%),

7.34%

,

 02/01/29

............

USD

1,751

1,748,407

11,664,620

Finland

—

0.0%

Mehilainen

Yhtiot

Oy,

Facility

1st

Lien

Term

Loan

B7,

08/05/31

(b)(s)

.....

EUR

6,188

7,073,333

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

25

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

France

—

0.3%

(b)

Artemis

BidCo

Ltd.,

Facility

1st

Lien

Term

Loan

B,

05/28/32

(s)

.......

EUR

3,583

$

4,084,708

Atos

SE,

1st

Lien

Term

Loan,

(6-mo.

EURIBOR

at

0.00%

Floor

+

2.60%),

4.60%

,

 12/17/30

............

6,780

6,120,648

Banijay

Entertainment

SAS,

Facility

1st

Lien

Term

Loan

B4,

02/10/32

(s)

...

3,093

3,535,984

Claudius

Finance

Parent

SARL,

Facility

1st

Lien

Term

Loan

B3,

01/31/30

(s)

4,500

5,118,299

Hestiafloor

2

SASU,

Facility

1st

Lien

Term

Loan

B3,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

3.75%

-

5.73%

,

 02/27/30

............

2,941

3,368,285

Holding

Socotec,

Facility

1st

Lien

Term

Loan

B4,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.23%

,

 06/02/28

.

3,955

4,514,710

HomeVi

SAS,

1st

Lien

Term

Loan

B,

10/31/29

(s)

................

6,000

6,845,077

Obol

France

3

SAS,

Facility

1st

Lien

Term

Loan

B3,

(6-mo.

EURIBOR

at

0.00%

Floor

+

5.00%),

7.19%

,

 12/29/28

............

6,000

6,726,552

Parts

Europe

SA,

Facility

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.25%

,

 02/03/31

.

7,296

8,357,383

Ramsay

Generale

De

Sante

SA,

Facility

1st

Lien

Term

Loan

B5,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.25%

,

 08/13/31

............

3,000

3,413,877

Talbot

Participation

SAS,

Facility

1st

Lien

Term

Loan

B,

06/25/32

(s)

....

3,360

3,842,407

55,927,930

Germany

—

0.4%

(b)

Aenova

Holding

GmbH,

Facility

1st

Lien

Term

Loan

B1,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.00%),

5.01%

,

 08/22/31

............

3,660

4,173,504

Apleona

Holding

GmbH,

Facility

1st

Lien

Term

Loan

B3,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.45%),

5.48%

,

 04/28/28

............

7,201

8,235,337

AVIV

Group

GmbH,

1st

Lien

Term

Loan

B,

(6-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

6.10%

,

 04/23/32

.....

6,879

7,874,865

CTEC

III

GmbH,

Facility

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

5.76%

,

 03/16/29

.

3,000

3,335,340

IFCO

Management

GmbH,

1st

Lien

Term

Loan

B,

(1-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.40%

,

 11/29/29

............

5,000

5,697,270

Kleopatra

Finco

SARL,

Facility

1st

Lien

Term

Loan

B,

(6-mo.

EURIBOR

at

0.00%

Floor

+

4.73%),

7.11%

,

 02/12/26

............

4,266

4,491,061

Minimax

Viking

GmbH,

Facility

1st

Lien

Term

Loan

B,

(1-mo.

EURIBOR

at

0.00%

Floor

+

2.50%),

4.40%

,

 03/17/32

............

1,500

1,711,800

Mosel

Bidco

SE,

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

5.73%

,

 09/16/30

......

6,089

6,960,882

Nidda

Healthcare

Holding

GmbH,

1st

Lien

Term

Loan

B3,

02/21/30

(s)

...

6,177

7,062,532

Security

Par

(000)

Par

(000)

Value

Germany

(continued)

Schoen

Klinik

SE,

Facility

1st

Lien

Term

Loan

B2,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.00%),

4.98%

,

 01/13/31

.

EUR

2,667

$

3,029,263

Speedster

Bidco

GmbH,

1st

Lien

Term

Loan

B,

(6-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.88%

,

 12/10/31

.

5,330

6,100,114

Tele

Columbus

AG,

Facility

1st

Lien

Term

Loan

B,

01/01/29

(s)

.......

4,494

3,380,974

TK

Elevator

Midco

GmbH,

1st

Lien

Term

Loan

B1,

04/30/30

(s)

......

4,948

5,642,231

67,695,173

Ireland

—

0.1%

(b)

Applegreen

Ltd.,

Facility

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

5.00%),

7.03%

,

 01/26/32

.

4,272

4,932,666

Helios

Software

Holdings,

Inc.,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.23%

,

 03/13/28

............

1,000

1,131,933

ION

Trading

Finance

Ltd.,

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

5.75%

,

 04/03/28

.

5,000

5,643,405

11,708,004

Jersey,

Channel

Islands

—

0.1%

Vita

Global

Finco

Ltd.,

1st

Lien

Term

Loan

B

(b)(d)

(6-mo.

EURIBOR

at

0.00%

Floor

+

8.00%),

10.05%, 07/06/27

....

8,930

8,471,671

(Daily

SONIA

at

1.19%

Floor

+

8.00%),

8.19%, 07/06/27

....

GBP

5,199

5,698,608

14,170,279

Luxembourg

—

0.5%

(b)

AI

Sirona

Luxembourg

Acquisition

SARL,

Facility

1st

Lien

Term

Loan

B3,

(1-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.40%

,

 09/29/28

.....

EUR

4,000

4,576,212

Atlas

Luxco

4

SARL,

1st

Lien

Term

Loan,

(1-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

5.65%

,

 05/12/28

.

3,959

4,524,322

Froneri

International

Ltd.,

1st

Lien

Term

Loan

(6-mo.

EURIBOR

at

0.00%

Floor

+

2.50%),

5.10%, 09/30/31

....

6,550

7,429,039

 07/19/32

(s)

................

2,035

2,315,684

Garfunkelux

Holdco

3

SA,

1st

Lien

Term

Loan

B,

06/01/32

(d)(s)

..........

5,708

6,440,167

Gategroup

Finance

Luxembourg

SA,

Facility

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.25%),

6.24%

,

 05/28/32

............

4,956

5,682,368

Matterhorn

Telecom

SA,

Facility

1st

Lien

Term

Loan

B3,

(3-mo.

EURIBOR

at

0.00%

Floor

+

2.50%),

4.53%

,

 01/26/32

............

4,085

4,659,500

Rainbow

Finco

SARL,

Facility

1st

Lien

Term

Loan

B2,

(6-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.67%

-

5.71%

,

 02/26/29

............

4,103

4,679,224

Speed

Midco

3

SARL,

Facility

1st

Lien

Term

Loan

B2

(d)

(Daily

SONIA

at

0.00%

Floor

+

4.95%),

4.95%, 05/16/29

....

GBP

2,184

2,883,798

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

26

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Luxembourg

(continued)

(6-mo.

EURIBOR

at

0.00%

Floor

+

4.95%),

7.33%, 05/16/29

....

EUR

24,222

$

27,641,707

Tackle

SARL,

1st

Lien

Term

Loan

B,

05/22/28

(s)

................

2,078

2,368,592

Tackle

SARL,

Facility

1st

Lien

Term

Loan

B2,

(6-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.37%

,

 05/22/28

.

5,297

6,037,238

TRAVIATA

II

SARL,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

8.00%

Floor

+

0.00%),

8.00% 01/22/33

(d)

.

7,800

8,767,839

88,005,690

Netherlands

—

0.7%

(b)

Accell

Group

Holdings

BV,

1st

Lien

Term

Loan,

06/30/31

(s)

........

4,000

3,058,416

Bock

Capital

Bidco

BV,

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.48%

,

 06/29/28

.

5,686

6,502,891

Cypher

Bidco

BV,

1st

Lien

Term

Loan

B,

(EUR0003M

at

0.00%

Floor

+

4.25%),

6.41%

,

 12/30/28

(d)

.....

19,970

22,162,957

Fugue

Finance

BV,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.26%

,

 01/09/32

......

2,135

2,437,997

Median

BV,

Facility

1st

Lien

Term

Loan

B1,

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.93%),

6.91%

,

 10/14/27

.....

6,355

7,260,871

Nobian

Finance

BV,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.53%

,

 07/31/30

.

6,316

7,126,493

Peer

Holding

III

BV,

1st

Lien

Term

Loan

B6B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

2.75%),

4.73%

,

 07/01/31

.

8,000

9,132,248

Pegasus

Bidco

BV,

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.64%

,

 07/12/29

.....

3,333

3,820,927

Stage

Entertainment

BV,

Facility

1st

Lien

Term

Loan

B3,

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

6.12%

,

 06/01/29

............

4,000

4,581,918

Upfield

BV,

1st

Lien

Term

Loan

B11,

(SONIA

Daily

at

0.00%

Floor

+

5.25%),

5.29%

,

 01/03/28

......

GBP

5,449

7,146,784

Ziggo

BV,

Facility

1st

Lien

Term

Loan

H,

(1-mo.

EURIBOR

at

0.00%

Floor

+

3.00%),

4.91%

,

 01/31/29

......

EUR

41,843

46,268,346

119,499,848

New

Zealand

—

0.1%

FNZ

NZ

Finco

Ltd.,

1st

Lien

Term

Loan,

(Daily

SONIA

at

0.00%

Floor

+

6.00%),

6.00%

,

 11/05/31

(b)

.....

GBP

8,500

8,980,420

Norway

—

0.0%

Sector

Alarm

Holding

A/S,

Facility

1st

Lien

Term

Loan

B3,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.51%

,

 06/14/29

(b)

...........

EUR

3,255

3,720,105

Security

Par

(000)

Par

(000)

Value

Spain

—

0.1%

(b)

Aernnova

Aerospace

SAU,

Facility

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

5.98%

,

 02/27/30

............

EUR

6,818

$

7,776,474

Cervantes

Bidco

SL,

1st

Lien

Term

Loan

B,

12/03/31

(s)

...........

1,708

1,951,932

PAX

HoldCo

Spain

SL,

Facility

1st

Lien

Term

Loan

B3,

(6-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

6.04%

,

 12/31/29

............

6,199

7,078,176

16,806,582

Sweden

—

0.1%

Eleda

Management

AB,

Delayed

Draw

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.48%

,

 04/02/31

(b)

...........

327

374,164

Eleda

Management

AB,

Facility

1st

Lien

Term

Loan

B,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.48%

,

 04/03/31

(b)

...........

4,167

4,770,595

IGT

Holding

IV

AB,

Facility

1st

Lien

Term

Loan

B4,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.48%

,

 08/29/31

(b)

...........

4,000

4,575,253

Quimper

AB,

1st

Lien

Term

Loan

B,

5.70%

,

 07/30/30

............

4,043

4,628,258

14,348,270

United

Kingdom

—

1.0%

(b)

Acuris

Finance

US,

Inc.,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.46%

,

 02/16/28

.

1,000

1,131,933

Bellis

Acquisition

Co.

plc,

Facility

1st

Lien

Term

Loan

B,

(6-mo.

EURIBOR

at

0.00%

Floor

+

4.00%),

6.31%

,

 05/12/31

............

5,819

6,433,490

Belron

Uk

Finance

Plc,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.00%),

5.15%

,

 10/16/31

.

6,627

7,576,007

Boots

Group

Bidco

Ltd.,

1st

Lien

Term

Loan

B,

07/16/32

(s)

...........

GBP

6,377

8,463,644

CD&R

Firefly

Bidco

plc,

Facility

1st

Lien

Term

Loan

B10,

04/30/29

(s)

.....

8,389

11,060,494

Eagle

Bidco

Ltd.,

Facility

1st

Lien

Term

Loan

B,

(Daily

SONIA

at

0.00%

Floor

+

4.25%),

4.28%

,

 03/13/28

.....

3,000

3,948,202

Edge

Finco

plc,

Facility

1st

Lien

Term

Loan

B1,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.54%

,

 08/22/31

.

EUR

2,905

3,320,821

Entain

Holdings

(Gibraltar)

Ltd.,

Facility

1st

Lien

Term

Loan

B4,

(6-mo.

EURIBOR

at

0.00%

Floor

+

3.25%),

5.29%

,

 06/30/28

............

6,028

6,892,482

Hbx

Group

International

plc,

Facility

1st

Lien

Term

Loan

B,

(6-mo.

EURIBOR

at

0.00%

Floor

+

2.75%),

4.87%

,

 02/13/32

............

7,761

8,862,285

INEOS

Finance

plc,

1st

Lien

Term

Loan,

(1-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.40%

,

 06/23/31

.

6,360

6,923,325

INEOS

Quattro

Holdings

UK

Ltd.,

Facility

1st

Lien

Term

Loan

B,

(1-mo.

EURIBOR

at

0.00%

Floor

+

4.50%),

6.40%

,

 04/03/29

............

7,550

8,062,212

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

27

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

Kingdom

(continued)

Inspired

Finco

Holdings

Ltd.,

1st

Lien

Term

Loan

B6,

02/28/31

(s)

......

EUR

3,596

$

4,100,416

International

Entertainment

JJCo

3

Ltd.,

1st

Lien

Term

Loan

B,

(SONIA

Daily

at

0.00%

Floor

+

4.75%),

4.75%

,

 04/02/32

............

GBP

7,647

10,124,336

Leased

&

Tenanted

Pubs

1

Ltd.,

2nd

Lien

Term

Loan,

(Daily

SONIA

at

0.00%

Floor

+

9.38%),

14.58%

,

 10/31/29

(d)

..........

2,564

3,317,799

Market

Bidco

Ltd.,

Facility

1st

Lien

Term

Loan

B3,

(3-mo.

EURIBOR

at

0.00%

Floor

+

4.50%),

6.63%

,

 11/04/30

.

EUR

2,705

3,074,431

Market

Bidco

Ltd.,

Facility

1st

Lien

Term

Loan

B4,

(Daily

SONIA

at

0.00%

Floor

+

5.25%),

5.36%

,

 11/04/30

.

GBP

1,596

2,084,572

Masorange

Holdco

Ltd.,

Facility

1st

Lien

Term

Loan

B5,

03/25/31

(s)

...

EUR

10,072

11,436,287

Mercia,

1st

Lien

Term

Loan

A1,

(3-mo.

GBP

SONIA

at

0.00%

Floor

+

2.40%),

6.85%

,

 04/08/26

(d)

.....

GBP

4,794

6,331,151

Mercia,

1st

Lien

Term

Loan

A2,

(3-mo.

GBP

SONIA

at

0.00%

Floor

+

2.40%),

6.85%

,

 04/09/26

(d)

.....

18,949

25,024,988

Mercia,

1st

Lien

Term

Loan

B-1,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

0.00%),

7.10%

,

 04/09/26

(d)

.....

1,099

1,451,895

Modulaire

Group

Holdings

Ltd.,

Facility

1st

Lien

Term

Loan

B3,

07/10/31

(s)

EUR

5,500

6,195,569

OCS

Group

Holding

Ltd.,

Facility

1st

Lien

Term

Loan

B1,

(Daily

SONIA

at

0.00%

Floor

+

5.75%),

5.75%

,

 11/27/31

............

GBP

3,810

5,015,351

Zegona

Holdco

Ltd.,

Facility

1st

Lien

Term

Loan

B,

(6-mo.

EURIBOR

at

0.00%

Floor

+

3.00%),

5.08%

,

 07/16/29

............

EUR

3,226

3,679,836

154,511,526

United

States

—

2.0%

Allied

Universal

Holdco

LLC,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.50%

Floor

+

3.75%),

8.21%

,

 05/12/28

(b)

...........

USD

2,633

2,636,886

Alorica,

Inc.,

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.88%),

11.23%

,

 12/21/27

(b)(d)

10,121

9,994,830

Altar

Bidco,

Inc.,

2nd

Lien

Term

Loan,

(12-mo.

CME

Term

SOFR

at

0.50%

Floor

+

5.60%),

9.58%

,

 02/01/30

(b)

14,590

13,897,082

Amentum

Holdings,

Inc.,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.25%),

6.61%

,

 09/29/31

(b)

...........

4,927

4,924,699

Arsenal

AIC

Parent

LLC,

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.75%),

7.11%

,

 08/19/30

(b)

...........

605

606,217

Avaya,

Inc.,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

1.00%

Floor

+

7.50%),

11.86%

,

 08/01/28

(b)

.....

41

32,085

Bally's

Corp.,

Facility

1st

Lien

Term

Loan

B,

(3-mo.

CME

Term

SOFR

at

0.50%

Floor

+

3.25%),

7.84%

,

 10/02/28

(b)

...........

4,081

4,003,343

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Beach

Acquisition

Bidco

LLC,

1st

Lien

Term

Loan

B,

06/25/32

(b)(s)

......

EUR

6,071

$

6,923,518

Boost

Newco

Borrower

LLC,

1st

Lien

Term

Loan

B2,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.00%),

6.30%

,

 01/31/31

(b)

...........

USD

5,390

5,397,375

Boxer

Parent

Co.,

Inc.,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.51%

,

 07/30/31

(b)

EUR

5,968

6,831,820

Caesars

Entertainment,

Inc.,

1st

Lien

Term

Loan

B1,

(1-mo.

CME

Term

SOFR

at

0.50%

Floor

+

2.25%),

6.61%

,

 02/06/31

(b)

...........

USD

8,338

8,318,809

Charter

Communications

Operating

LLC,

1st

Lien

Term

Loan

B5,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.25%),

6.54%

,

 12/15/31

(b)

.....

888

887,522

Chelsea

24th

Street

LLC,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

2.00%

Floor

+

3.25%),

7.60%

,

 10/17/31

(b)(d)

..........

8,000

8,004,531

Cirkul

Sr

Sec,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

4.00%

Floor

+

3.50%),

11.88% 04/23/28

(b)(d)

6,725

6,422,037

Cloud

Software

Group,

Inc.,

Facility

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

3.50%),

7.80%

,

 03/30/29

(b)

...........

3,889

3,894,525

Clydesdale

Acquisition

Holdings,

Inc.,

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.50%

Floor

+

3.18%),

7.53%

,

 04/13/29

(b)

.....

5,320

5,316,140

ConnectWise

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.50%

Floor

+

3.50%),

8.06%

,

 09/29/28

(b)

3,756

3,766,143

CPPIB

OVM

Member

US

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.75%),

7.05%

,

 08/20/31

(b)

...........

4,815

4,828,685

CSC

Holdings

LLC,

1st

Lien

Term

Loan

B5,

(US

Prime

Rate

at

0.00%

Floor

+

1.50%),

9.00%

,

 04/15/27

(b)

....

1,817

1,787,252

CVR

CHC

LP,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.00%),

8.30%

,

 12/30/27

(b)

4,576

4,576,304

Digital

Room

Holdings,

Inc.,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

5.25%),

9.71%

,

 12/21/28

(b)

...........

3,514

3,465,643

DirecTV

Financing

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.75%

Floor

+

5.00%),

9.57%

,

 08/02/27

(b)

...........

721

722,578

DirecTV

Financing

LLC,

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.75%

Floor

+

5.50%),

9.81%

,

 02/17/31

(b)

...........

6,741

6,490,524

ECL

Entertainment

LLC,

Facility

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

3.50%),

7.86%

,

 08/30/30

(b)

...........

10,830

10,875,475

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

28

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Emerald

Technologies

US

AcquisitionCo,

Inc.,

1st

Lien

Term

Loan

B,

(3-mo.

CME

Term

SOFR

at

0.75%

Floor

+

6.25%),

10.73%

,

 12/29/27

(b)(d)

.........

USD

4,025

$

2,777,280

Fertitta

Entertainment

LLC,

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.50%

Floor

+

3.25%),

7.58%

,

 01/29/29

(b)

...........

6,017

6,018,429

Finastra

USA,

Inc.,

1st

Lien

Term

Loan

B,

6.56%

,

 07/30/30

(d)

.........

4,894

5,543,492

First

Brands

Group

LLC,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

at

1.00%

Floor

+

5.00%),

7.03%

,

 03/30/27

(b)

EUR

6,145

6,743,723

Galaxy

Universal

LLC,

Term

Loan,

(6-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.25%),

10.75%

,

 11/12/26

(b)(d)

USD

18,216

18,124,875

GoTo

Group,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.75%),

9.22%, 04/30/28

(b)

.........

2,916

2,065,587

HP

LQ

Investment

LP,

1st

Lien

Term

Loan

(b)(d)

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.82%),

7.53%, 12/09/26

954

953,718

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.82%),

7.15%, 12/09/26

15,500

15,500,000

Hydrofarm

Holdings

Group,

Inc.,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

5.50%),

10.07%

,

 10/25/28

(b)(d)

.........

2,520

2,066,214

Icon

Parent,

Inc.,

1st

Lien

Term

Loan,

(6-mo.

CME

Term

SOFR

at

0.00%

Floor

+

3.00%),

7.21%

,

 11/13/31

(b)

12,353

12,381,946

Indy

US

Bidco

LLC,

1st

Lien

Term

Loan,

(1-mo.

EURIBOR

at

0.00%

Floor

+

3.50%),

5.40%

,

 03/06/28

(b)

.....

EUR

7,177

8,203,173

ITG

Communications

LLC,

1st

Lien

Term

Loan,

(6-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.75%),

8.95%

,

 07/09/31

(b)(d)

..........

USD

8,717

8,640,726

J&J

Ventures

Gaming

LLC,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.75%

Floor

+

3.50%),

7.86%

,

 04/26/30

(b)

...........

4,010

3,972,722

Jack

Ohio

Finance

LLC,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.75%

Floor

+

4.00%),

8.36%

,

 01/28/32

(b)

...........

1,660

1,645,316

Maverick

Gaming

LLC,

1st

Lien

Term

Loan

(b)

(US

Prime

Rate

at

0.00%

Floor

+

7.50%),

15.00%, 06/05/28

....

3,412

1,995,876

(US

Prime

Rate

at

0.00%

Floor

+

7.50%),

15.00%, 06/05/28

(d)

..

1,943

1,748,446

Mavis

Tire

Express

Services

Topco

Corp.,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.75%

Floor

+

3.00%),

7.33%

,

 05/04/28

(b)

.....

1,832

1,833,699

McAfee

Corp.,

1st

Lien

Term

Loan

B1,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

3.00%),

7.33%

,

 03/01/29

(b)

7,229

6,974,912

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Pitney

Bowes,

Inc.,

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

3.75%),

8.11%

,

 03/19/32

(b)

USD

5,646

$

5,645,850

Polaris

Newco

LLC,

1st

Lien

Term

Loan

(b)

(Daily

SONIA

at

0.00%

Floor

+

5.00%),

5.00%, 06/02/28

....

GBP

979

1,210,051

(3-mo.

EURIBOR

at

0.00%

Floor

+

3.75%),

5.78%, 06/02/28

....

EUR

5,985

6,527,776

Redstone

Holdco

2

LP,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.75%),

9.06%

,

 04/27/28

(b)

...........

USD

9,535

4,946,089

Redstone

HoldCo

2

LP,

2nd

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

7.75%),

12.29%

,

 04/27/29

(b)

..........

6,772

1,464,445

Runitonetime

LLC,

1st

Lien

Term

Loan,

06/23/26

(b)(s)

...............

223

223,034

Sodalite

Tahoe

Hotel

LLC,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.90%),

7.36%

,

 10/25/26

(b)(d)

..........

11,574

11,627,787

Solaris

Energy

Infrastructure

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

1.00%

Floor

+

6.00%),

10.30%

,

 09/11/29

(b)(d)

.........

18,770

18,770,000

Station

Casinos

LLC,

Facility

1st

Lien

Term

Loan

B,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.00%),

6.36%

,

 03/14/31

(b)

...........

3,375

3,376,951

Terranea

Resort,

1st

Lien

Term

Loan,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

4.35%),

8.70%

,

 01/01/28

(b)(d)

7,900

7,900,000

TransDigm,

Inc.,

1st

Lien

Term

Loan

J,

(3-mo.

CME

Term

SOFR

at

0.00%

Floor

+

2.50%),

6.80%

,

 02/28/31

(b)

2,300

2,306,186

Vaco

Holdings

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

at

0.60%

Floor

+

5.00%),

9.45%

,

 01/22/29

(b)

4,174

3,716,613

VeriFone

Systems,

Inc.,

1st

Lien

Term

Loan,

08/18/28

(b)(s)

...........

9,239

8,905,932

Veritas

US,

Inc.,

1st

Lien

Term

Loan,

12.30%

,

 12/10/29

(b)

..........

1,900

1,908,710

West

Deptford

Energy

Holdings

LLC,

1st

Lien

Term

Loan,

07/26/32

(b)(s)

.

3,483

3,456,877

X

Corp.,

1st

Lien

Term

Loan

B1,

(3-mo.

CME

Term

SOFR

at

0.50%

Floor

+

6.50%),

10.96%

,

 10/26/29

(b)

.....

1,676

1,632,129

315,412,587

Total

Floating

Rate

Loan

Interests

—

5.5%

(Cost:

$890,735,522)

.............................

895,191,714

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

29

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Pa

r

(

000)

Value

Foreign

Agency

Obligations

Chile

—

0.0%

Corp.

Nacional

del

Cobre

de

Chile,

6.44%,

01/26/36

(c)

...........

USD

454

$

475,849

Empresa

Nacional

del

Petroleo,

5.95%,

07/30/34

(a)

................

605

615,587

1,091,436

Colombia

—

0.0%

Ecopetrol

SA,

8.88%,

01/13/33

.....

1,323

1,387,827

France

—

0.0%

Electricite

de

France

SA

(b)(c)(q)

(5-Year

EURIBOR

ICE

Swap

Rate

+

2.94%),

5.13%

...........

EUR

600

709,583

(5-Year

EUR

Swap

Annual

+

3.97%),

3.38%

...........

1,000

1,098,349

(5-Year

EURIBOR

ICE

Swap

Rate

+

3.28%),

5.63%

...........

600

720,867

(5-Year

U.K.

Government

Bonds

Note

Generic

Bid

Yield

+

3.78%),

7.38%

.................

GBP

1,200

1,616,076

4,144,875

Hungary

—

0.0%

(c)

Magyar

Export-Import

Bank

Zrt.,

6.00%,

05/16/29

.................

EUR

1,147

1,414,655

MVM

Energetika

Zrt.,

7.50%,

06/09/28

USD

524

548,570

1,963,225

India

—

0.0%

Power

Finance

Corp.

Ltd.,

1.84%,

09/21/28

(c)

................

EUR

100

108,589

Indonesia

—

0.0%

(c)

Bank

Negara

Indonesia

Persero

Tbk.

PT

,

(5-Year

US

Treasury

Yield

Curve

Rate

T

Note

Constant

Maturity

+

3.47%),

4.30%

(b)(q)

...........

USD

1,250

1,204,688

Perusahaan

Perseroan

Persero

PT

Perusahaan

Listrik

Negara,

1.88%,

11/05/31

..................

EUR

1,000

999,263

2,203,951

Kazakhstan

—

0.0%

Development

Bank

of

Kazakhstan

JSC

13.49%,

05/23/28

(c)

..........

KZT

167,000

276,713

13.49%,

05/23/28

(a)

..........

371,000

614,734

891,447

Mexico

—

0.1%

Petroleos

Mexicanos

8.75%,

06/02/29

............

USD

1,469

1,546,191

5.95%,

01/28/31

............

1,816

1,681,616

10.00%,

02/07/33

...........

965

1,072,549

4,300,356

Morocco

—

0.0%

OCP

SA,

7.50%,

05/02/54

(a)

.......

1,104

1,116,259

Peru

—

0.0%

(a)

Corp.

Financiera

de

Desarrollo

SA,

5.50%,

05/06/30

............

680

687,140

Petroleos

del

Peru

SA,

4.75%,

06/19/32

969

774,900

1,462,040

Security

Par

(000)

Par

(000)

Value

Republic

of

Turkiye

—

0.0%

Turkiye

Varlik

Fonu

Yonetimi

A/S,

8.25%,

02/14/29

(c)

...........

USD

520

$

544,700

Total

Foreign

Agency

Obligations

—

0.1%

(Cost:

$18,187,127)

..............................

19,214,705

Foreign

Government

Obligations

Armenia

—

0.0%

Republic

of

Armenia,

6.75%,

03/12/35

(a)

651

637,166

Bahrain

—

0.0%

Kingdom

of

Bahrain,

5.45%,

09/16/32

(c)

890

839,172

Barbados

—

0.0%

Barbados

Government

Bond,

8.00%,

06/26/35

(a)

................

940

937,750

Benin

—

0.0%

Benin

Government

Bond,

7.96%,

02/13/38

(a)

................

1,571

1,519,456

Brazil

—

0.1%

Federative

Republic

of

Brazil,

10.00%,

01/01/27

.................

BRL

93

15,837,448

Bulgaria

—

0.0%

Bulgaria

Government

Bond,

5.00%,

03/05/37

(c)

................

USD

852

830,186

Cameroon

—

0.0%

Republic

of

Cameroon,

9.50%,

07/31/31

(c)

................

851

799,140

Canada

—

0.2%

Canadian

Government

Bond,

2.75%,

03/01/30

.................

CAD

44,128

31,489,608

Chile

—

0.0%

Republic

of

Chile

3.75%,

01/14/32

............

EUR

2,176

2,528,272

4.34%,

03/07/42

............

USD

1,499

1,292,513

3,820,785

China

—

0.0%

People's

Republic

of

China,

2.11%,

08/25/34

.................

CNY

25,520

3,646,096

Colombia

—

0.1%

Republic

of

Colombia

5.75%,

11/03/27

............

COP

51,168,600

11,371,601

7.75%,

09/18/30

............

34,706,200

7,256,252

8.00%,

04/20/33

............

USD

1,005

1,057,260

8.00%,

11/14/35

............

355

364,230

7.75%,

11/07/36

............

702

700,070

8.75%,

11/14/53

............

350

355,600

21,105,013

Costa

Rica

—

0.0%

Republic

of

Costa

Rica

6.55%,

04/03/34

(c)

...........

540

563,760

7.30%,

11/13/54

(a)

...........

544

564,305

1,128,065

Czech

Republic

—

0.1%

Czech

Republic

5.00%,

09/30/30

............

CZK

215,040

10,442,082

4.50%,

11/11/32

............

115,320

5,456,674

15,898,756

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

30

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Dominican

Republic

—

0.1%

Dominican

Republic

Government

Bond

5.95%,

01/25/27

(c)

...........

USD

1,371

$

1,382,654

4.50%,

01/30/30

(a)

...........

1,565

1,492,227

7.05%,

02/03/31

(a)

...........

1,157

1,217,164

4.88%,

09/23/32

(a)

...........

1,264

1,168,046

10.75%,

06/01/36

(a)

..........

DOP

163,050

2,817,761

6.95%,

03/15/37

(a)

...........

USD

743

760,275

8,838,127

Egypt

—

0.1%

Arab

Republic

of

Egypt

24.46%,

10/01/27

...........

EGP

39,840

821,834

24.14%,

12/03/27

...........

4,907

101,980

21.38%,

02/04/28

...........

54,129

1,091,040

23.44%,

07/01/28

...........

44,459

908,970

5.63%,

04/16/30

(c)

...........

EUR

749

792,789

7.63%,

05/29/32

(c)

...........

USD

1,567

1,472,494

9.45%,

02/04/33

(a)

...........

713

723,873

8.50%,

01/31/47

(a)

...........

655

534,595

7.50%,

02/16/61

(a)

...........

768

559,903

7,007,478

France

—

0.1%

French

Republic,

3.20%,

05/25/35

(a)(c)

EUR

7,811

8,812,428

Gabon

—

0.0%

Gabon

Government

Bond,

9.50%,

02/18/29

(c)

................

USD

1,585

1,481,484

Guatemala

—

0.0%

Republic

of

Guatemala

5.25%,

08/10/29

(a)

...........

642

637,506

5.25%,

08/10/29

(c)

...........

1,369

1,359,417

7.05%,

10/04/32

(a)

...........

1,184

1,265,964

6.60%,

06/13/36

(a)

...........

516

528,309

6.25%,

08/15/36

(a)

...........

722

724,888

4,516,084

Hungary

—

0.1%

Hungary

Government

Bond

5.25%,

06/16/29

(a)

...........

1,454

1,466,661

5.38%,

09/12/33

(c)

...........

EUR

1,134

1,399,928

7.00%,

10/24/35

............

HUF

1,253,510

3,525,013

5.50%,

03/26/36

(a)

...........

USD

475

458,900

6.75%,

09/23/55

(a)

...........

721

730,150

7,580,652

Indonesia

—

0.2%

Republic

of

Indonesia

7.00%,

05/15/27

............

IDR

118,791,000

7,363,573

4.65%,

09/20/32

............

USD

2,878

2,857,854

3.88%,

01/15/33

............

EUR

678

788,481

6.75%,

07/15/35

............

IDR

208,688,000

12,821,541

8.25%,

05/15/36

............

56,811,000

3,861,656

7.13%,

06/15/38

............

167,838,000

10,482,352

38,175,457

Ireland

—

0.7%

Republic

of

Ireland,

2.60%,

10/18/34

(c)

EUR

95,043

105,780,780

Italy

—

0.2%

Buoni

Poliennali

del

Tesoro,

2.95%,

07/01/30

(c)

................

25,610

29,531,059

Ivory

Coast

—

0.0%

Republic

of

Cote

d'Ivoire

6.38%,

03/03/28

(c)

...........

USD

602

605,762

5.88%,

10/17/31

(c)

...........

EUR

1,587

1,759,582

8.08%,

04/01/36

(a)

...........

USD

830

816,720

Security

Par

(000)

Par

(000)

Value

Ivory

Coast

(continued)

8.25%,

01/30/37

(a)

...........

USD

484

$

477,108

3,659,172

Jordan

—

0.0%

Hashemite

Kingdom

of

Jordan,

7.50%,

01/13/29

(a)

................

671

692,264

Kenya

—

0.0%

Republic

of

Kenya,

9.75%,

02/16/31

(a)

852

877,560

Kyrgyzstan

—

0.0%

Kyrgyz

Republic

International

Bond,

7.75%,

06/03/30

(a)

...........

830

830,000

Latvia

—

0.0%

Latvia

Government

Bond,

5.13%,

07/30/34

(a)

................

1,414

1,422,102

Malaysia

—

0.1%

Malaysia

Government

Bond

4.64%,

11/07/33

............

MYR

38,367

9,779,672

3.83%,

07/05/34

............

22,197

5,360,640

4.46%,

03/31/53

............

4,379

1,116,183

16,256,495

Mexico

—

0.3%

Eagle

Funding

Luxco

Sarl,

5.50%,

08/17/30

(a)

................

USD

2,190

2,204,016

Mex

Bonos

Desarr

Fix

Rt

7.00%,

09/03/26

............

MXN

2,746

14,409,899

3.75%,

01/11/28

............

USD

989

968,913

8.50%,

03/01/29

............

MXN

1,049

5,542,423

7.50%,

05/26/33

............

3,388

16,316,840

6.35%,

02/09/35

............

USD

1,238

1,257,654

6.63%,

01/29/38

............

620

623,875

7.75%,

11/13/42

............

MXN

374

1,629,687

6.40%,

05/07/54

............

USD

777

710,178

7.38%,

05/13/55

............

2,859

2,944,138

46,607,623

Montenegro

—

0.0%

Republic

of

Montenegro,

2.88%,

12/16/27

(c)

................

EUR

663

738,881

Morocco

—

0.0%

Kingdom

of

Morocco

(a)

5.95%,

03/08/28

............

USD

550

565,163

4.75%,

04/02/35

............

EUR

1,355

1,555,991

2,121,154

Nigeria

—

0.0%

Federal

Republic

of

Nigeria

8.38%,

03/24/29

(a)

...........

USD

539

552,981

10.38%,

12/09/34

(a)

..........

847

909,204

7.63%,

11/28/47

(c)

...........

784

638,223

2,100,408

North

Macedonia

—

0.0%

Republic

of

North

Macedonia,

6.96%,

03/13/27

(c)

................

EUR

538

643,436

Oman

—

0.0%

Oman

Government

Bond,

6.75%,

01/17/48

(c)

................

USD

1,646

1,767,804

Panama

—

0.0%

Republic

of

Panama

7.50%,

03/01/31

............

1,246

1,335,712

6.40%,

02/14/35

............

1,076

1,058,784

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

31

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Panama

(continued)

8.00%,

03/01/38

............

USD

526

$

569,066

2,963,562

Paraguay

—

0.0%

Republic

of

Paraguay

(c)

2.74%,

01/29/33

............

812

692,108

5.60%,

03/13/48

............

482

433,800

1,125,908

Peru

—

0.1%

Republic

of

Peru

2.78%,

01/23/31

............

1,351

1,213,877

1.86%,

12/01/32

............

1,287

1,031,685

6.85%,

08/12/35

(a)

...........

PEN

14,776

4,212,326

6,457,888

Philippines

—

0.0%

Republic

of

Philippines

6.25%,

02/28/29

............

PHP

199,950

3,442,184

6.38%,

04/28/35

............

140,220

2,415,881

5,858,065

Poland

—

0.2%

Republic

of

Poland

5.75%,

04/25/29

............

PLN

59,950

16,566,016

4.75%,

07/25/29

............

33,958

9,065,917

4.88%,

10/04/33

............

USD

581

577,805

5.00%,

10/25/34

............

PLN

19,310

5,012,263

2.00%,

08/25/36

............

6,293

1,499,483

5.50%,

04/04/53

............

USD

889

831,437

33,552,921

Republic

of

Turkiye

—

0.0%

Republic

of

Turkiye

(The)

31.08%,

11/08/28

...........

TRY

44,060

1,018,477

30.00%,

09/12/29

...........

25,810

583,105

7.13%,

02/12/32

............

USD

1,442

1,457,501

3,059,083

Romania

—

0.0%

Romania

Government

Bond

5.25%,

11/25/27

(a)

...........

722

724,549

2.12%,

07/16/31

(c)

...........

EUR

874

851,538

5.88%,

07/11/32

(a)

...........

606

712,660

6.25%,

09/10/34

(a)

...........

1,375

1,626,522

6.75%,

07/11/39

(a)

...........

591

691,906

4,607,175

Saudi

Arabia

—

0.0%

Kingdom

of

Saudi

Arabia

4.50%,

04/17/30

(c)

...........

USD

1,688

1,690,633

5.00%,

01/18/53

(a)

...........

1,283

1,107,396

2,798,029

Serbia

—

0.0%

Republic

of

Serbia

6.50%,

09/26/33

(c)

...........

669

707,901

6.00%,

06/12/34

(a)

...........

784

797,963

1,505,864

South

Africa

—

0.4%

Republic

of

South

Africa

8.00%,

01/31/30

............

ZAR

665,925

36,281,190

7.00%,

02/28/31

............

260,799

13,366,519

7.10%,

11/19/36

(a)

...........

USD

843

836,888

8.50%,

01/31/37

............

ZAR

54,749

2,672,739

5.00%,

10/12/46

............

USD

920

641,700

5.75%,

09/30/49

............

1,509

1,128,777

Security

Par

(000)

Par

(000)

Value

South

Africa

(continued)

7.95%,

11/19/54

(a)

...........

USD

1,080

$

1,028,160

55,955,973

Spain

—

0.3%

Bonos

y

Obligaciones

del

Estado

2.70%,

01/31/30

............

EUR

28,680

32,981,251

3.15%,

04/30/35

(a)(c)

..........

7,243

8,228,836

41,210,087

Sri

Lanka

—

0.0%

Sri

Lanka

Government

Bond,

3.60%,

06/15/35

(c)(r)

................

USD

500

355,000

Thailand

—

0.1%

Kingdom

of

Thailand

2.50%,

11/17/29

............

THB

504,035

16,152,486

4.00%,

06/17/55

............

3,748

161,610

16,314,096

Trinidad

and

Tobago

—

0.0%

Republic

of

Trinidad

&

Tobago,

6.40%,

06/26/34

(a)

................

USD

1,391

1,352,052

Ukraine

—

0.0%

Ukraine

Government

Bond

(a)(r)

1.75%,

02/01/29

............

279

170,319

0.00%,

02/01/30

............

25

12,010

0.00%,

02/01/34

............

95

35,859

1.75%,

02/01/34

............

186

95,862

0.00%,

02/01/35

............

80

37,929

0.00%,

02/01/36

............

67

31,607

383,586

United

Arab

Emirates

—

0.0%

United

Arab

Emirates

Government

Bond,

3.90%,

09/09/50

(c)

.......

1,036

744,262

United

Kingdom

—

0.4%

U.K.

Treasury

Bonds,

4.38%,

03/07/30

(c)

GBP

50,234

67,365,547

Uruguay

—

0.0%

Oriental

Republic

of

Uruguay

9.75%,

07/20/33

............

UYU

36,384

973,178

5.25%,

09/10/60

............

USD

1,181

1,064,671

2,037,849

Uzbekistan

—

0.0%

Republic

of

Uzbekistan

(a)

5.38%,

05/29/27

............

EUR

782

913,435

7.85%,

10/12/28

............

USD

524

556,908

1,470,343

Total

Foreign

Government

Obligations

—

3.9%

(Cost:

$624,199,009)

.............................

637,046,379

Shares

Shares

Grantor

Trust

iShares

Bitcoin

Trust

ETF

(f)(h)(k)

(l)

....

1,000,808

66,373,586

Total

Grantor

Trust

—

0.4%

(Cost:

$

47,231,355)

..............................

66,373,586

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

32

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Investment

Companies

Health

Care

Select

Sector

SPDR

Fund

60,010

$

7,827,104

iShares

AAA

CLO

Active

ETF

(h)

....

300,000

15,574,860

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

(g)(h)

.......

505,031

18,883,109

iShares

China

Large-Cap

ETF

(g)(h)

...

1,311,729

49,111,134

iShares

Core

S&P

Small-Cap

ETF

(h)

.

76,782

8,467,519

iShares

MSCI

Brazil

ETF

(g)(h)

......

262,112

6,959,073

KraneShares

CSI

China

Internet

ETF

494,900

17,539,256

SPDR

Blackstone

Senior

Loan

ETF

.

203,395

8,471,402

SPDR

Gold

Shares

(f)(k)

(l)

..........

806,889

244,455,092

SPDR

S&P

Homebuilders

ETF

(g)

...

76,392

7,785,109

SPDR

S&P

Regional

Banking

ETF

(g)

.

103,519

6,217,351

VanEck

JPMorgan

EM

Local

Currency

Bond

ETF

.................

531,633

13,221,713

VanEck

Semiconductor

ETF

(f)(g)

....

40,169

11,600,004

Xtrackers

Harvest

CSI

300

China

A-Shares

ETF,

Class

A

........

2,883

81,848

Total

Investment

Companies

—

2.6%

(Cost:

$390,414,086)

.............................

416,194,574

Par

(000)

Pa

r

(

000)

Municipal

Bonds

(a)

Arizona

-

0.0%

Maricopa

County

Industrial

Development

Authority

,

Series

2024,

RB,

7.38%, 10/01/29

.........

USD

3,435

3,544,274

Texas

-

0.1%

Port

of

Beaumont

Navigation

District

,

Series

2024B,

RB,

10.00%, 07/01/26

4,920

4,944,590

Total

Municipal

Bonds

—

0.1%

(Cost:

$8,355,000)

..............................

8,488,864

Non-Agency

Mortgage-Backed

Securities

Collateralized

Mortgage

Obligations

—

0.5%

United

States

—

0.5%

J.P.

Morgan

Mortgage

Trust

(a)(b)

Series

2021-INV5,

Class

A2A,

2.50%,

12/25/51

..........

14,682

11,859,796

Series

2021-INV7,

Class

A3A,

2.50%,

02/25/52

..........

21,548

19,274,038

Series

2021-INV7,

Class

A4A,

2.50%,

02/25/52

..........

10,574

7,018,024

MCM

Trust

(d)

Series

2018-NPL2,  2.50%,

09/25/31

9,906

9,514,681

Series

2021-VFN1,  0.00%,

09/25/31

10,262

7,227,793

TVC

DSCR,

Series

2021-1,

Class

A,

2.38%,

02/01/51

(a)(d)

..........

13,172

12,083,376

TVC

Holding,

Series

2021-1,  2.38%,

02/01/51

(d)

................

6,340

5,432,218

72,409,926

Commercial

Mortgage-Backed

Securities

—

2.1%

Cayman

Islands

—

0.0%

MF1

Multifamily

Housing

Mortgage

Loan

Trust,

Series

2021-W10,

Class

F,

(1-mo.

CME

Term

SOFR

at

3.37%

Floor

+

3.37%),

7.71%,

12/15/34

(a)(b)

4,602

4,503,564

Security

Par

(000)

Par

(000)

Value

United

States

—

2.1%

1211

Avenue

of

the

Americas

Trust,

Series

2015-1211,

Class

D,

4.14%,

08/10/35

(a)(b)

...............

USD

4,330

$

4,004,167

Arbor

Multifamily

Mortgage

Securities

Trust,

Series

2020-MF1,

Class

E,

1.75%,

05/15/53

(a)

...........

1,650

1,314,341

BAHA

Trust,

Series

2024-MAR,

Class

C,

7.52%,

12/10/41

(a)(b)

........

5,180

5,330,991

BAMLL

Trust,

Series

2025-ASHF,

Class

E,

(1-mo.

CME

Term

SOFR

at

5.25%

Floor

+

5.25%),

9.59%,

02/15/42

(a)(b)

7,688

7,736,334

Bayview

Commercial

Asset

Trust

(a)(b)

Series

2005-3A,

Class

M6,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

1.16%),

5.52%,

11/25/35

...

227

243,082

Series

2006-3A,

Class

M1,

(1-mo.

CME

Term

SOFR

at

0.00%

Floor

+

0.62%),

4.98%,

10/25/36

...

215

204,427

BBCMS

Mortgage

Trust,

Series

2018-

TALL,

Class

C,

(1-mo.

CME

Term

SOFR

at

1.27%

Floor

+

1.32%),

5.66%,

03/15/37

(a)(b)

..........

4,880

4,442,231

BHMS

(a)(b)

Series

2018-ATLS,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.50%

Floor

+

1.55%),

5.89%,

07/15/35

...

6,720

6,718,786

Series

2018-ATLS,

Class

C,

(1-mo.

CME

Term

SOFR

at

2.15%

Floor

+

2.20%),

6.54%,

07/15/35

...

1,583

1,578,683

BMP,

Series

2024-MF23,

Class

E,

(1-mo.

CME

Term

SOFR

at

3.39%

Floor

+

3.39%),

7.73%,

06/15/41

(a)(b)

2,352

2,348,253

BWAY

Mortgage

Trust,

Series

2013-

1515,

Class

D,

3.63%,

03/10/33

(a)

.

3,735

3,368,334

BX

Commercial

Mortgage

Trust

(a)

Series

2020-VIV4,

Class

A,

2.84%,

03/09/44

...............

1,425

1,299,945

Series

2021-NWM,

Class

A,

(1-mo.

CME

Term

SOFR

at

0.91%

Floor

+

1.02%),

5.37%,

02/15/33

(b)

..

18,808

18,699,892

Series

2021-NWM,

Class

B,

(1-mo.

CME

Term

SOFR

at

2.15%

Floor

+

2.26%),

6.61%,

02/15/33

(b)

..

11,028

10,978,945

Series

2021-NWM,

Class

C,

(1-mo.

CME

Term

SOFR

at

4.25%

Floor

+

4.36%),

8.71%,

02/15/33

(b)

..

7,282

7,269,076

Series

2021-SOAR,

Class

G,

(1-mo.

CME

Term

SOFR

at

2.80%

Floor

+

2.91%),

7.26%,

06/15/38

(b)

..

8,070

8,072,960

Series

2021-XL2,

Class

A,

(1-mo.

CME

Term

SOFR

at

0.69%

Floor

+

0.80%),

5.14%,

10/15/38

(b)

..

902

901,968

Series

2021-XL2,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.24%

Floor

+

2.36%),

6.70%,

10/15/38

(b)

..

11,484

11,483,500

Series

2024-BRBK,

Class

C,

(1-mo.

CME

Term

SOFR

at

4.87%

Floor

+

4.87%),

9.21%,

10/15/41

(b)

..

2,000

2,006,214

Series

2024-BRBK,

Class

D,

(1-mo.

CME

Term

SOFR

at

5.97%

Floor

+

5.97%),

10.31%,

10/15/41

(b)

.

2,573

2,582,594

Series

2024-GPA3,

Class

B,

(1-mo.

CME

Term

SOFR

at

1.64%

Floor

+

1.64%),

5.98%,

12/15/39

(b)

..

9,450

9,470,954

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

33

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2024-KING,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.54%

Floor

+

1.54%),

5.88%,

05/15/34

(b)

..

USD

3,020

$

3,021,181

Series

2024-XL5,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.39%

Floor

+

1.39%),

5.73%,

03/15/41

(b)

..

4,507

4,516,362

BX

Trust

(a)(b)

Series

2019-OC11,

Class

D,

3.94%,

12/09/41

...............

8,408

7,836,157

Series

2019-OC11,

Class

E,

3.94%,

12/09/41

...............

11,784

10,763,461

Series

2024-CNYN,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.44%

Floor

+

1.44%),

5.78%,

04/15/41

...

5,014

5,029,215

Series

2024-VLT4,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.89%

Floor

+

2.89%),

7.23%,

07/15/29

...

2,571

2,561,359

Series

2024-VLT4,

Class

F,

(1-mo.

CME

Term

SOFR

at

3.94%

Floor

+

3.94%),

8.28%,

07/15/29

...

6,427

6,370,065

Series

2025-ROIC,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.94%

Floor

+

2.94%),

7.28%,

03/15/30

...

4,536

4,451,532

CD

Mortgage

Trust,

Series

2017-CD6,

Class

B,

3.91%,

11/13/50

(b)

.....

864

816,382

CFSP

Mortgage

Trust,

Series

2024-

AHP1,

Class

A,

6.50%,

04/15/37

.

5,098

4,876,483

Commercial

Mortgage

Trust,

Series

2024-WCL1,

Class

E,

(1-mo.

CME

Term

SOFR

at

4.49%

Floor

+

4.49%),

8.83%,

06/15/41

(a)(b)

....

3,030

3,005,387

CONE

Trust,

Series

2024-DFW1,

Class

E,

(1-mo.

CME

Term

SOFR

at

3.89%

Floor

+

3.89%),

8.23%,

08/15/41

(a)(b)

2,960

2,937,962

CSAIL

Commercial

Mortgage

Trust,

Series

2016-C5,

Class

C,

4.61%,

11/15/48

(b)

................

640

628,720

CSMC

Trust

(a)(b)

Series

2020-FACT,

Class

E,

(1-mo.

CME

Term

SOFR

at

4.86%

Floor

+

5.48%),

9.82%,

10/15/37

...

1,103

1,023,561

Series

2022-LION,

Class

A,

(1-mo.

CME

Term

SOFR

at

3.59%

Floor

+

3.44%),

7.78%,

02/15/27

(d)

..

11,900

11,790,119

DBGS,

Series

2024-SBL,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.88%

Floor

+

1.88%),

6.22%,

08/15/34

(a)(b)

1,300

1,301,219

ELM

Trust,

Series

2024-ELM,

Class

E10,

7.79%,

06/10/39

(a)(b)

......

5,730

5,737,460

ELP

Commercial

Mortgage

Trust,

Series

2021-ELP,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.67%

Floor

+

2.78%),

7.12%,

11/15/38

(a)(b)

....

6,539

6,534,433

Extended

Stay

America

Trust

(a)(b)

Series

2021-ESH,

Class

D,

(1-mo.

CME

Term

SOFR

at

2.25%

Floor

+

2.36%),

6.71%,

07/15/38

...

12,234

12,249,034

Series

2021-ESH,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.85%

Floor

+

2.96%),

7.31%,

07/15/38

...

7,805

7,837,031

GS

Mortgage

Securities

Corp.

Trust

(a)(b)

Series

2021-DM,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.94%

Floor

+

3.05%),

7.39%,

11/15/36

...

8,556

8,461,534

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2021-IP,

Class

A,

(1-mo.

CME

Term

SOFR

at

0.95%

Floor

+

1.06%),

5.41%,

10/15/36

....

USD

1,493

$

1,492,395

Series

2021-ROSS,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.15%

Floor

+

1.41%),

5.76%,

05/15/26

...

1,480

1,393,050

Series

2025-800D,

Class

A,

(1-mo.

CME

Term

SOFR

at

2.65%

Floor

+

2.65%),

7.00%,

11/25/41

...

9,085

9,102,139

GS

Mortgage

Securities

Trust,

Series

2020-GC47,

Class

AS,

2.73%,

05/12/53

.................

4,426

3,919,882

HILT

Commercial

Mortgage

Trust

(a)(b)

Series

2024-ORL,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.54%

Floor

+

1.54%),

5.88%,

05/15/37

...

5,135

5,138,209

Series

2024-ORL,

Class

D,

(1-mo.

CME

Term

SOFR

at

3.19%

Floor

+

3.19%),

7.53%,

05/15/37

...

5,979

5,971,541

Hudson

Yards

Mortgage

Trust,

Series

2016-10HY,

Class

E,

2.98%,

08/10/38

(a)(b)

...............

897

862,889

J.P.

Morgan

Chase

Commercial

Mortgage

Securities

Trust

(a)(b)

Series

2018-WPT,

Class

DFL,

(1-

mo.

CME

Term

SOFR

at

2.25%

Floor

+

2.49%),

6.82%,

07/05/33

1,253

853,242

Series

2021-MHC,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.45%

Floor

+

2.81%),

7.16%,

04/15/38

...

7,106

7,112,662

Series

2021-MHC,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.95%

Floor

+

3.31%),

7.66%,

04/15/38

...

3,330

3,333,122

Series

2022-OPO,

Class

C,

3.45%,

01/05/39

...............

3,082

2,620,618

JW

Commercial

Mortgage

Trust,

Series

2024-MRCO,

Class

D,

(1-mo.

CME

Term

SOFR

at

3.19%

Floor

+

3.19%),

7.53%,

06/15/39

(a)(b)

....

2,120

2,131,286

KSL

Commercial

Mortgage

Trust,

Series

2024-HT2,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.54%

Floor

+

1.54%),

5.88%,

12/15/39

(a)(b)

....

3,900

3,898,781

LBA

Trust,

Series

2024-BOLT,

Class

F,

(1-mo.

CME

Term

SOFR

at

4.44%

Floor

+

4.44%),

8.78%,

06/15/39

(a)(b)

929

925,260

LoanCore

2025

Issuer

LLC,

Series

2025-CRE8,

Class

A,

(1-mo.

CME

Term

SOFR

at

1.39%

Floor

+

1.39%),

5.73%,

08/17/42

(a)(b)

....

5,220

5,220,743

MCR

Mortgage

Trust,

Series

2024-

TWA,

Class

E,

8.73%,

06/12/39

(a)

.

1,974

1,986,994

MHC

Commercial

Mortgage

Trust

(a)(b)

Series

2021-MHC,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.10%

Floor

+

2.22%),

6.56%,

04/15/38

...

7,877

7,886,646

Series

2021-MHC,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.60%

Floor

+

2.72%),

7.06%,

04/15/38

...

902

902,445

MHP

Commercial

Mortgage

Trust,

Series

2021-STOR,

Class

G,

(1-mo.

CME

Term

SOFR

at

2.75%

Floor

+

2.86%),

7.21%,

07/15/38

(a)(b)

....

3,936

3,938,460

Morgan

Stanley

Capital

I

Trust,

Series

2018-MP,

Class

A,

4.28%,

07/11/40

(a)

(b)

......................

2,110

1,983,487

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

34

(Percentages

shown

are

based

on

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

PKHL

Commercial

Mortgage

Trust,

Series

2021-MF,

Class

F,

(1-mo.

CME

Term

SOFR

at

3.35%

Floor

+

3.46%),

7.81%,

07/15/38

(a)(b)

....

USD

929

$

233,613

PRM5

Trust,

Series

2025-PRM5,

Class

D,

5.62%,

03/10/33

(a)(b)

........

5,600

5,535,862

SCG

Commercial

Mortgage

Trust,

Series

2025-DLFN,

Class

E,

(1-mo.

CME

Term

SOFR

at

2.95%

Floor

+

2.95%),

7.29%,

03/15/35

(a)(b)

....

2,965

2,947,108

SREIT

Trust

(a)(b)

Series

2021-MFP,

Class

A,

(1-mo.

CME

Term

SOFR

at

0.73%

Floor

+

0.85%),

5.19%,

11/15/38

...

1,346

1,346,251

Series

2021-MFP,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.63%

Floor

+

2.74%),

7.08%,

11/15/38

...

8,244

8,244,134

Series

2021-MFP2,

Class

F,

(1-mo.

CME

Term

SOFR

at

2.62%

Floor

+

2.73%),

7.07%,

11/15/36

...

2,325

2,324,274

STWD

Trust,

Series

2021-FLWR,

Class

E,

(1-mo.

CME

Term

SOFR

at

1.92%

Floor

+

2.04%),

6.38%,

07/15/36

(a)(b)

2,632

2,631,177

UBS

Commercial

Mortgage

Trust,

Series

2019-C17,

Class

A4,

2.92%,

10/15/52

.................

1,175

1,091,357

VEGAS,

Series

2024-GCS,

Class

C,

6.22%,

07/10/36

(a)(b)

..........

6,220

6,088,556

VEGAS

Trust,

Series

2024-GCS,

Class

D,

6.22%,

07/10/36

(a)(b)

........

7,010

6,582,182

VNDO

Trust,

Series

2016-350P,

Class

D,

3.90%,

01/10/35

(a)(b)

........

2,150

2,089,735

Wells

Fargo

Commercial

Mortgage

Trust

(a)(b)

Series

2018-1745,

Class

A,

3.75%,

06/15/36

...............

1,376

1,248,177

Series

2024-1CHI,

Class

A,

5.31%,

07/15/35

...............

2,620

2,633,601

335,474,212

Interest

Only

Commercial

Mortgage-Backed

Securities

—

0.0%

United

States

—

0.0%

(b)

Benchmark

Mortgage

Trust,

Series

2021-B23,

Class

XA,

1.26%,

02/15/54

.................

54,040

2,643,188

GS

Mortgage

Securities

Trust,

Series

2020-GSA2,

Class

XA,

1.66%,

12/12/53

(a)

................

2,072

137,503

Wells

Fargo

Commercial

Mortgage

Trust

Series

2020-C58,

Class

XA,

1.79%,

07/15/53

...............

29,466

2,071,169

Series

2021-C59,

Class

XA,

1.49%,

04/15/54

...............

24,402

1,476,676

6,328,536

Total

Non-Agency

Mortgage-Backed

Securities

—

2.6%

(Cost:

$437,839,556)

.............................

418,716,238

Security

Shares

Shares

Value

Preferred

Securities

Preferred

Stocks

—

3.1%

Brazil

—

0.2%

Banco

Bradesco

SA

(Preference)

...

1,627,600

$

4,505,326

Gerdau

SA

(Preference)

.........

938,986

2,818,861

Neon

Payments

Ltd.

(d)(f)

..........

39,435

16,087,903

23,412,090

China

—

0.4%

ByteDance

Ltd.,

Series

E-1,

(Acquired

01/26/24,

cost

$33,821,714)

(d)(f)(j)

..

308,665

71,622,627

Finland

—

0.0%

Aiven

OY,

Series

D

(d)(f)

...........

86,562

4,611,158

Germany

—

0.0%

(d)(f)

Caresyntax,

Inc.,

Series

C-2

......

75,157

275,074

Caresyntax,

Inc.,

Series

C-3

......

9,724

35,590

Volocopter

GmbH,

(Acquired

03/03/21,

cost

$

22,418,516)

(j)

..........

4,218

—

310,664

India

—

0.0%

Think

&

Learn

Pvt

Ltd.,

Series

F,

(Acquired

12/11/20,

cost

$13,030,114)

(d)(f)(j)

............

4,047

—

Sweden

—

0.0%

Volta

Greentech

AB,

Series

C,

(Acquired

02/22/22

,

cost

$3,635,023)

(d)(f)(j)

............

30,817

—

United

Kingdom

—

0.1%

10x

Future

Technologies

Services

Ltd.,

Series

D,

(Acquired

12/19/23,

cost

$21,869,474)

(d)(f)(j)

............

637,808

8,962,297

United

States

—

2.4%

Anduril

Engineering

LLC,

Series

F

(d)(f)

306,011

12,509,730

Breeze

Aviation

Group,

Inc.,

Series

B,

(Acquired

07/30/21,

cost

$10,090,875)

(d)(f)(j)

............

18,683

2,780,778

Bright

Machines,

Inc.,

Series

C,

Series

C

(d)(f)

....................

927,532

315,361

Bright

Machines,

Inc.,

Series

C-1,

Series

C-1

(d)(f)

..............

1,932,080

251,170

CoreWeave,

Inc.,

10.00%

(d)

.......

9,812,000

22,861,960

Databricks,

Inc.,

Series

F,

(Acquired

06/03/24,

cost

$11,769,837)

(d)(f)(j)

..

822,138

94,455,435

Databricks,

Inc.,

Series

G,

(Acquired

02/01/21,

cost

$13,141,188)

(d)(f)(j)

..

222,270

25,536,600

Davidson

Homes,

Inc.,

12.00% 

(d)

...

33,520

35,202,034

Dream

Finders

Homes,

Inc.

(Preference),

9.00% 

(d)

........

38,156

37,774,440

FLYR,

Inc.

(d)(f)

................

2,491,076

6,252,601

HawkEye

360,

Inc.,

Series

D1

(d)(f)

...

561,818

8,073,325

Insightful

Corp.,

Series

D

(d)(f)

.......

6,123,315

1,350,803

JumpCloud,

Inc.,

Series

E-1,

(Acquired

10/30/20,

cost

$11,778,091)

(d)(f)(j)

..

6,458,349

15,241,703

JumpCloud,

Inc.,

Series

F,

(Acquired

09/03/21,

cost

$2,543,928)

(d)(f)(j)

..

424,788

1,002,500

Lessen

Holdings,

Inc.,

Series

B

(d)(f)

..

259,727

275,311

Lessen

Holdings,

Inc.,

Series

BX,

Class

E

(d)(f)

....................

841,086

656,047

Loadsmart,

Inc.,

Series

C,

(Acquired

10/05/20,

cost

$10,694,460)

(d)(f)(j)

..

1,250,814

7,592,441

Loadsmart,

Inc.,

Series

D,

(Acquired

01/27/22,

cost

$2,628,040)

(d)(f)(j)

..

131,402

1,237,807

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

35

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

United

States

(continued)

MNTN,

Inc.,

Series

D,

(Acquired

11/05/21,

cost

$7,559,970)

(f)(j)

....

329,191

$

9,270,019

Mythic

AI,

Inc.,

Series

C,

(Acquired

01/26/21,

cost

$6,129,221)

(d)(f)(j)

..

8,922

—

Noodle,

Inc.,

Series

C,

(Acquired

08/26/21,

cost

$9,816,152)

(d)(f)(j)

..

1,099,886

1,495,845

PsiQuantum

Corp.,

Series

D,

(Acquired

05/21/21,

cost

$

5,269,814)

(d)(f)(j)

..

200,937

8,192,201

RapidSOS,

Inc.,

Series

C-1

(d)(f)

.....

5,162,136

5,781,592

SambaNova

Systems,

Inc.,

Series

C,

(Acquired

06/03/24,

cost

$11,739,901)

(d)(f)(j)

............

220,503

9,805,769

SambaNova

Systems,

Inc.,

Series

D,

(Acquired

06/03/24,

cost

$6,878,356)

(d)(f)(j)

............

72,390

3,828,707

SCI

PH

Parent,

Inc.,

(Acquired

02/10/23,

cost

$3,949,000),

12.50% 

(d)(j)

................

3,949

5,138,755

Snorkel

AI,

Inc.,

Series

C,

(Acquired

06/30/21,

cost

$3,799,839)

(d)(f)(j)

..

252,991

2,413,534

Ursa

Major

Technologies,

Inc.,

Series

C,

(Acquired

09/13/21,

cost

$9,742,600)

(d)(f)(j)

............

1,633,349

6,272,060

Ursa

Major

Technologies,

Inc.,

Series

D,

(Acquired

10/14/22,

cost

$1,326,170)

(d)(f)(j)

............

200,098

796,390

Verge

Genomics

(d)(f)

............

1,907,212

305,154

Veritas

Newco

(d)(f)

..............

36,275

816,187

Veritas

Newco,

Series

G-1

(d)(f)

......

25,062

563,895

Versa

Networks,

Inc.,

Series

E,

(Acquired

10/14/22,

cost

$5,641,940),

12.00% 

(d)(j)

.......

1,933,359

9,937,465

Wells

Fargo

&

Co.,

Series

L,

7.50%

(n)(q)

5,825

6,899,945

x.AI,

Inc.,

Series

C,

Class

E

(d)(f)

.....

1,161,348

42,458,883

387,346,447

Total

Preferred

Stocks

—

3.1%  

(Cost:

$450,433,205)

.............................

496,265,283

Trust

Preferreds

—

0.1%

United

States

—

0.1%

Citigroup

Capital

XIII,

10.94%, 10/30/40

(b)

..........

437,061

12,880,188

Total

Trust

Preferreds

—

0.1%  

(Cost:

$10,967,132)

..............................

12,880,188

Total

Preferred

Securities

—

3.2%

(Cost:

$461,400,337)

.............................

509,145,471

Par

(000)

Pa

r

(

000)

U.S.

Government

Sponsored

Agency

Securities

Collateralized

Mortgage

Obligations

—

0.0%

Federal

Home

Loan

Mortgage

Corp.

STACR

Trust

Variable

Rate

Notes,

Series

2022-DNA1,

Class

B1,

(SOFR

30

day

Average

at

0.00%

Floor

+

3.40%),

7.75%, 01/25/42

(a)(b)

USD

2,121

2,182,050

Security

Par

(000)

Par

(000)

Value

Commercial

Mortgage-Backed

Securities

—

0.0%

Federal

National

Mortgage

Association

ACES

Variable

Rate

Notes,

Series

2018-M13,

Class

A2,

3.74%, 09/25/30

(b)

...........

USD

1,592

$

1,547,645

Interest

Only

Commercial

Mortgage-Backed

Securities

—

0.1%

Federal

Home

Loan

Mortgage

Corp.

Multifamily

Structured

Pass-Through

Certificates

Variable

Rate

Notes

(b)

Series

K105,

Class

X1,

1.52%

,

 01/25/30

........

11,653

655,808

Series

K109,

Class

X1,

1.57%

,

 04/25/30

........

14,823

884,919

Series

K110,

Class

X1,

1.64%

,

 04/25/30

........

8,114

500,522

Series

K116,

Class

X1,

1.41%

,

 07/25/30

........

7,644

425,668

Series

K120,

Class

X1,

1.03%

,

 10/25/30

........

49,355

2,093,690

Series

KL06,

Class

XFX,

1.36%

,

 12/25/29

........

8,322

406,349

Series

KW09,

Class

X1,

0.78%

,

 05/25/29

........

54,232

1,162,175

6,129,131

Mortgage-Backed

Securities

—

0.7%

Uniform

Mortgage-Backed

Securities,

3.50%, 08/25/55

(t)

...........

126,286

112,802,223

Total

U.S.

Government

Sponsored

Agency

Securities

—

0.8%  

(Cost:

$123,011,078)

.............................

122,661,049

U.S.

Treasury

Obligations

U.S.

Treasury

Notes

4.13%, 02/28/27

(u)

...........

8,495

8,508,142

3.75%, 04/30/27

(u)

...........

20,000

19,921,094

3.88%, 05/31/27

(u)

...........

5,000

4,991,406

4.00%, 03/31/30

(u)

...........

10,000

10,023,047

Total

U.S.

Treasury

Obligations

—

0.3%

(Cost:

$43,548,767)

..............................

43,443,689

Shares

Shares

Warrants

Brazil

—

0.0%

Lavoro

Ltd.

(

Issued/Exercisable

12/27/22,

1

Share

for

1

Warrant,

Expires

12/27/27,

Strike

Price

USD

11.50)

(f)

..................

95,675

3,865

Israel

—

0.0%

Deep

Instinct

Ltd.,

Series

D,

(Acquired

09/20/22,

cost

$0)

(Issued/

Exercisable

09/20/22,

1

Share

for

1

Warrant,

Expires

09/20/32)

(d)(f)(j)

..

109,339

1,094

United

Kingdom

—

0.0%

10x

Future

Technologies

Services

Ltd.,

(Acquired

12/19/23,

cost

$0)

(Issued/

Exercisable

12/19/23,

1

Share

for

1

Warrant,

Expires

11/17/30

,

Strike

Price

GBP

0.01)

(d)(f)(j)

..........

768,436

558,159

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

36

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

United

States

—

0.1%

(f)

Cirkul,

Inc.

(Issued/Exercisable

05/01/25,

1

Share

for

1

Warrant,

Expires

04/25/35,

Strike

Price

USD

35.41)

(d)

..................

18,391

$

84,599

Cirkul,

Inc.

(

Issued/Exercisable

05/01/25,

1

Share

for

1

Warrant,

Expires

04/25/35,

Strike

Price

USD

0.01)

(d)

...................

17,931

244,937

Crown

PropTech

Acquisitions

(Issued/

Exercisable

02/05/21,

1

Share

for

1

Warrant,

Expires

02/01/26,

Strike

Price

USD

11.50)

(d)

..........

271,336

69,625

Crown

PropTech

Acquisitions

(Issued/

Exercisable

01/25/21,

1

Share

for

1

Warrant,

Expires

12/31/27,

Strike

Price

USD

11.50)

(d)

..........

162,368

16

Davidson

Homes,

Inc.

(Issued/

Exercisable

05/16/24,

1

Share

for

1

Warrant,

Expires

05/16/34

,

Strike

Price

USD

8.47)

(d)

...........

232,643

1,132,971

EVgo,

Inc.

(Issued/Exercisable

11/10/20,

1

Share

for

1

Warrant,

Expires

07/01/26,

Strike

Price

USD

11.50)

...................

146,070

27,753

Flagstar

Financial,

Inc.,

(Acquired

03/07/24,

cost

$0)

(Issued/

Exercisable

03/11/24,

1

Share

for

1

Warrant,

Expires

03/11/31,

Strike

Price

USD

2.50)

(d)(j)

..........

1,717

3,571,824

FLYR,

Inc.

(Issued/Exercisable

12/29/23,

1

Share

for

1

Warrant,

Expires

12/29/33,

Strike

Price

USD

3.95)

(d)

...................

35,428

56,331

Green

Plains,

Inc.

(Issued/Exercisable

02/05/21,

1

Share

for

1

Warrant,

Expires

12/31/29,

Strike

Price

USD

0.01)

....................

1,464,976

334,894

HawkEye

360,

Inc.

(Issued/Exercisable

07/07/23,

1

Share

for

1

Warrant,

Expires

07/07/33,

Strike

Price

USD

0.01)

(d)

...................

171,990

1,700,981

HawkEye

360,

Inc.

(Issued/Exercisable

07/07/23,

1

Share

for

1

Warrant,

Expires

07/07/33,

Strike

Price

USD

11.17)

(d)

..................

27,300

165,711

HawkEye

360,

Inc.

(Issued/Exercisable

07/07/23,

1

Share

for

1

Warrant,

Expires

07/07/33

,

Strike

Price

USD

0.01)

(d)

...................

68,250

674,993

Hippo

Holdings,

Inc.

(Issued/

Exercisable

01/04/21,

1

Share

for

1

Warrant,

Expires

08/02/26,

Strike

Price

USD

11.50)

............

123,393

1,148

Insight

M,

Inc.

(Issued/Exercisable

01/31/24,

1

Share

for

1

Warrant,

,

Strike

Price

USD

0.34)

(d)

.......

6,344,820

592,606

Latch,

Inc.

(Issued/Exercisable

12/29/20,

1

Share

for

1

Warrant,

Expires

06/04/26,

Strike

Price

USD

11.50)

(d)

..................

111,795

11

Offerpad

Solutions,

Inc.

(

Issued/

Exercisable

10/13/20,

1

Share

for

1

Warrant,

Expires

09/01/26,

Strike

Price

USD

11.50)

............

226,443

10,167

Security

Shares

Shares

Value

United

States

(continued)

Palladyne

AI

Corp.

(Issued/Exercisable

12/21/20,

1

Share

for

1

Warrant,

Expires

09/24/26,

Strike

Price

USD

11.50)

...................

254,485

$

85,252

Palladyne

AI

Corp.

(Issued/Exercisable

01/15/21,

1

Share

for

1

Warrant,

Expires

06/15/27,

Strike

Price

USD

69.00)

...................

92,406

30,956

RapidSOS,

Inc.

(Issued/Exercisable

12/13/23,

1

Share

for

1

Warrant,

Expires

12/13/33,

Strike

Price

USD

0.01)

(d)

...................

2,862,231

3,177,076

Sonder

Corp.

(Issued/Exercisable

12/30/24,

1

Share

for

1

Warrant,

Expires

12/30/29,

Strike

Price

USD

0.01)

(d)

...................

61,404

128,948

Sonder

Corp.

(Issued/Exercisable

04/11/25,

1

Share

for

1

Warrant,

Expires

04/11/30,

Strike

Price

USD

1.00)

(d)

...................

612,553

845,324

Versa

Networks,

Inc.,

Series

E,

(Acquired

10/14/22,

cost

$0)

(Issued/

Exercisable

10/14/22,

1

Share

for

1

Warrant,

Expires

10/07/32,

Strike

Price

USD

0.01)

(d)(j)

..........

238,291

962,696

Volato

Group,

Inc.,

(Acquired

12/03/23

,

cost

$181,758)

(Issued/Exercisable

12/04/23,

1

Share

for

1

Warrant,

Expires

12/03/28,

Strike

Price

USD

11.50)

(j)

..................

181,758

3,108

13,901,927

Total

Warrants

—

0.1%

(Cost:

$2,553,478)

..............................

14,465,045

Total

Long-Term

Investments

—

100.5%

(Cost:

$12,732,932,208)

...........................

16,219,322,280

Par

(000)

Pa

r

(

000)

Short-Term

Securities

Foreign

Government

Obligations

—

0.1%

Brazil

—

0.1%

Letras

do

Tesouro

Nacional

Treasury

Bills,

15.86%,

01/01/26

(v)

.......

BRL

22

3,779,216

Egypt

—

0.0%

Arab

Republic

of

Egypt

Treasury

Bills

(v)

27.11%,

11/18/25

............

EGP

39,875

755,281

27.54%,

11/25/25

...........

17,950

339,823

26.85%,

12/16/25

...........

131,575

2,443,971

Total

Foreign

Government

Obligations

—

0.1%

(Cost:

$7,020,326)

..............................

7,318,291

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

37

(Percentages

shown

are

based

on

Net

Assets)

Security

Shares

Shares

Value

Money

Market

Funds

—

0.9%

(h)(w)

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares,

4.44%

(x)

.......

119,560,222

$

119,608,046

BlackRock

Liquidity

Funds,

T-Fund,

Institutional

Class,

4.20%

......

32,402,693

32,402,693

Total

Money

Market

Funds

—

0.9%

(Cost:

$

152,010,739)

.............................

152,010,739

Total

Short-Term

Securities

—

1.0%

(Cost:

$159,031,065)

.............................

159,329,030

Security

Shares

Shares

Value

Total

Options

Purchased

—

0.3%

(Cost:

$85,575,097

)

..............................

$

42,546,017

Total

Investments

Before

Options

Written

—

101.8%

(Cost:

$12,977,538,370)

...........................

16,421,197,327

Total

Options

Written

—

(0.4)%

(Premiums

Received

—

$(67,360,624))

................

(63,949,582)

Total

Investments

Net

of

Options

Written

—

101.4%

(Cost:

$12,910,177,746)

...........................

16,357,247,745

Liabilities

in

Excess

of

Other

Assets

—

(1.4)%

............

(221,540,009)

Net

Assets

—

100.0%

..............................

$

16,135,707,736

(a)

Security

exempt

from

registration

pursuant

to

Rule

144A

under

the

Securities

Act

of

1933,

as

amended.

These

securities

may

be

resold

in

transactions

exempt

from

registration

to

qualified

institutional

investors.

(b)

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.

(c)

This

security

may

be

resold

to

qualified

foreign

investors

and

foreign

institutional

buyers

under

Regulation

S

of

the

Securities

Act

of

1933.

(d)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

(e)

Zero-coupon

bond.

(f)

Non-income

producing

security.

(g)

All

or

a

portion

of

this

security

is

on

loan.

(h)

Affiliate

of

the

Fund.

(i)

A

security

contractually

bound

to

one

or

more

other

securities

to

form

a

single

saleable

unit

which

cannot

be

sold

separately.

(j)

Restricted

security

as

to

resale,

excluding

144A

securities.

The

Fund

held

restricted

securities

with

a

current

value

of

$518,432,107,

representing

3.21%

of

its

net

assets

as

of

period

end,

and

an

original

cost

of

$438,831,308.

(k)

All

or

a

portion

of

the

security

has

been

pledged

and/or

segregated

as

collateral

in

connection

with

outstanding

exchange-traded

options

written.

(l)

All

or

a

portion

of

the

security

is

held

by

a

wholly-owned

subsidiary.

(m)

Investment

does

not

issue

shares.

(n)

Convertible

security.

(o)

Issuer

filed

for

bankruptcy

and/or

is

in

default.

(p)

Payment-in-kind

security

which

may

pay

interest/dividends

in

additional

par/shares

and/or

in

cash.

Rates

shown

are

the

current

rate

and

possible

payment

rates.

(q)

Perpetual

security

with

no

stated

maturity

date.

(r)

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.

(s)

Represents

an

unsettled

loan

commitment

at

period

end.

Certain

details

associated

with

this

purchase

are

not

known

prior

to

the

settlement

date,

including

coupon

rate.

(t)

Represents

or

includes

a

TBA

transaction.

(u)

All

or

a

portion

of

the

security

has

been

pledged

as

collateral

in

connection

with

outstanding

OTC

derivatives.

(v)

Rates

are

discount

rates

or

a

range

of

discount

rates

as

of

period

end.

(w)

Annualized

7-day

yield

as

of

period

end.

(x)

All

or

a

portion

of

this

security

was

purchased

with

the

cash

collateral

from

loaned

securities.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

38

Affiliates 

Investments

in

issuers

considered

to

be

affiliate(s)

of

the

Fund

during

the period

ended

July

31,

2025

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Affiliated

Issuer

Value

at

04/30/25

Purchases

at

Cost

Proceeds

from

Sales

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

07/31/25

Par/Shares

Held

at

07/31/25

Income

Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

..............

$

64,383,441

$

55,223,865

(a)

$

—

$

4,365

$

(3,625)

$

119,608,046

119,560,222

$

132,598

(b)

$

—

BlackRock

Liquidity

Funds,

T-Fund,

Institutional

Class

.

146,947,412

—

(114,544,719)

(a)

—

—

32,402,693

32,402,693

2,266,386

—

iShares

0-5

Year

TIPS

Bond

ETF

(c)

..............

19,749,974

—

(19,490,457)

666,919

(926,436)

—

—

99,917

—

iShares

AAA

CLO

Active

ETF

.

15,498,000

—

—

—

76,860

15,574,860

300,000

210,440

—

iShares

Bitcoin

Trust

ETF

...

38,705,495

17,241,892

—

—

10,426,199

66,373,586

1,000,808

—

—

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

....

18,484,135

—

—

—

398,974

18,883,109

505,031

315,013

—

iShares

China

Large-Cap

ETF

15,990,961

73,472,946

(41,965,605)

334,461

1,278,371

49,111,134

1,311,729

246,175

—

iShares

Core

S&P

Small-Cap

ETF

................

7,688,182

—

—

—

779,337

8,467,519

76,782

29,826

—

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

(c)

...

—

37,526,791

(37,948,913)

422,122

—

—

—

—

—

iShares

MSCI

Brazil

ETF

...

7,087,508

—

—

—

(128,435)

6,959,073

262,112

135,037

—

Quintis

Australia

Pty.

Ltd.,

7.50%, 10/01/26

.......

10,855,729

—

—

—

(230,972)

10,624,757

92,389,186

14,196

—

Quintis

Australia

Pty.

Ltd.,

12.00%, 10/01/28

......

8

—

—

—

—

8

82,684,528

—

—

Quintis

HoldCo

Pty.

Ltd.

....

280

—

—

—

1

281

43,735,802

1,200

—

$

1,427,867

$

11,670,274

$

328,005,066

$

3,450

,7

88

$

—

—

—

(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

collateral

investment

fees,

and

other

payments

to

and

from

borrowers

of

securities.

(c)

As

of

period

end,

the

entity

is

no

longer

held.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

39

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

CBOE

Volatility

Index

.......................................................

561

08/20/25

$

10,074

$

(

1,665,685

)

IFSC

NIFTY

50

Index

.......................................................

1,247

08/28/25

61,654

(

550,706

)

CME

Bitcoin

(a)

............................................................

11

08/29/25

6,459

(

35,650

)

Euro-Bobl

...............................................................

3,728

09/08/25

498,913

(

3,664,166

)

Euro-BTP

...............................................................

624

09/08/25

85,994

(

5,347

)

Euro-Bund

..............................................................

1,514

09/08/25

224,093

(

2,170,375

)

Euro-OAT

...............................................................

687

09/08/25

96,660

(

1,115,184

)

Euro-Schatz

.............................................................

513

09/08/25

62,671

(

220,669

)

OSE

Nikkei

225

Index

.......................................................

1,063

09/11/25

287,228

19,560,121

Japan

10-Year

Bond

........................................................

130

09/12/25

118,991

(

671,299

)

Australia

10-Year

Bond

......................................................

2,586

09/15/25

189,101

263,806

EURO

STOXX

50

Index

.....................................................

285

09/19/25

17,368

128,037

EURO

STOXX

Bank

Index

....................................................

5,315

09/19/25

66,644

5,957,738

Russell

2000

E-Mini

Index

....................................................

326

09/19/25

36,189

187,865

U.S.

Treasury

Long

Bond

.....................................................

924

09/19/25

105,480

2,560,876

U.S.

Treasury

Ultra

Bond

.....................................................

6,087

09/19/25

713,320

4,620,486

Long

Gilt

................................................................

672

09/26/25

81,790

830,914

U.S.

Treasury

5-Year

Note

....................................................

6,471

09/30/25

700,132

(

1,943,640

)

CBOE

Volatility

Index

.......................................................

2

10/22/25

42

(

2,483

)

CBOE

Volatility

Index

.......................................................

14

12/17/25

299

1,338

CBOE

Volatility

Index

.......................................................

6

02/18/26

133

(

1,958

)

3-mo.

SOFR

.............................................................

363

03/17/26

87,102

(

9,576

)

CBOE

Volatility

Index

.......................................................

12

03/18/26

267

314

22,054,757

Short

Contracts

Euro-Buxl

...............................................................

83

09/08/25

11,118

304,065

CBOE

Volatility

Index

.......................................................

12

09/17/25

238

17,872

FTSE

100

Index

...........................................................

73

09/19/25

8,767

(

244,560

)

Nasdaq-100

E-Mini

Index

.....................................................

1,258

09/19/25

587,863

(

35,500,621

)

S&P

500

E-Mini

Index

.......................................................

1,411

09/19/25

449,703

3,861,632

U.S.

Treasury

10-Year

Note

...................................................

9,678

09/19/25

1,075,014

(

7,269,573

)

U.S.

Treasury

10-Year

Ultra

Note

...............................................

14,539

09/19/25

1,644,270

(

24,622,489

)

CME

Bitcoin

(a)

............................................................

10

09/26/25

5,909

37,651

U.S.

Treasury

2-Year

Note

....................................................

6,543

09/30/25

1,354,503

3,322,864

CBOE

Volatility

Index

.......................................................

4

11/19/25

85

(

525

)

CBOE

Volatility

Index

.......................................................

6

01/21/26

132

1,632

(

60,092,052

)

$

(

38,037,295

)

(a)

All

or

a

portion

of

the

security

is

held

by

a

wholly-owned

subsidiary.

Forward

Foreign

Currency

Exchange

Contracts

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation  

(Depreciation)

USD

20,194,689

BRL

112,101,123

BNP

Paribas

SA

08/04/25

$

175,023

USD

5,382,000

BRL

29,887,456

Citibank

NA

08/04/25

44,525

USD

13,383,869

BRL

74,655,610

Goldman

Sachs

International

08/04/25

51,439

USD

35,230,000

HKD

273,226,265

HSBC

Bank

plc

08/15/25

384,801

USD

5,003,435

AUD

7,667,877

Natwest

Markets

plc

08/28/25

73,472

USD

1,558,000

CAD

2,125,883

BNP

Paribas

SA

08/28/25

21,823

USD

1,056,000

CHF

837,983

BNP

Paribas

SA

08/28/25

21,109

USD

2,685,985

GBP

1,992,000

Societe

Generale

SA

08/28/25

54,625

USD

4,049,853

JPY

605,383,446

Barclays

Bank

plc

08/28/25

24,218

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

40

Forward

Foreign

Currency

Exchange

Contracts

(continued)

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation  

(Depreciation)

USD

4,433,000

KRW

6,153,004,000

Citibank

NA

08/28/25

$

17,672

USD

130,000

NOK

1,320,368

State

Street

Bank

and

Trust

Co.

08/28/25

2,270

USD

2,333,000

PEN

8,316,655

Deutsche

Bank

AG

08/28/25

19,803

USD

1,777,000

PLN

6,513,211

BNP

Paribas

SA

08/28/25

39,762

USD

2,302,600

SGD

2,944,475

Barclays

Bank

plc

08/28/25

30,493

TRY

353,169,694

USD

8,405,200

UBS

AG

08/29/25

95,717

USD

19,909,268

BRL

112,101,124

Goldman

Sachs

International

09/03/25

52,370

USD

2,646,000

BRL

14,882,427

Morgan

Stanley

&

Co.

International

plc

09/03/25

9,819

NGN

1,625,781,696

USD

1,023,792

Citibank

NA

09/04/25

22,058

NGN

841,590,750

USD

510,055

Morgan

Stanley

&

Co.

International

plc

09/04/25

31,332

NGN

1,172,649,800

USD

690,200

Morgan

Stanley

&

Co.

International

plc

09/04/25

64,154

USD

1,451,050

TWD

41,616,114

Citibank

NA

09/10/25

55,858

BRL

361,037,362

EUR

55,185,082

Goldman

Sachs

International

09/17/25

563,040

CHF

343,781,041

USD

423,311,023

BNP

Paribas

SA

09/17/25

2,353,590

HUF

6,627,631,263

USD

18,798,058

Citibank

NA

09/17/25

67,706

MXN

1,217,858,348

EUR

54,983,013

JPMorgan

Chase

Bank

NA

09/17/25

1,301,636

MXN

467,077,857

USD

24,370,000

Citibank

NA

09/17/25

267,327

TRY

358,935,661

USD

8,405,200

Barclays

Bank

plc

09/17/25

88,607

USD

1,069,413

CAD

1,449,968

HSBC

Bank

plc

09/17/25

20,629

USD

31,868,746

CAD

43,379,578

Toronto

Dominion

Bank

09/17/25

491,615

USD

149,430,583

EUR

127,889,345

Bank

of

America

NA

09/17/25

3,038,787

USD

7,583,632

EUR

6,504,837

Barclays

Bank

plc

09/17/25

137,705

USD

95,558,511

EUR

83,100,000

BNP

Paribas

SA

09/17/25

435,980

USD

33,251,120

EUR

28,257,461

Goldman

Sachs

International

09/17/25

905,498

USD

8,808,741

EUR

7,483,901

JPMorgan

Chase

Bank

NA

09/17/25

242,103

USD

80,716,181

EUR

69,021,036

Morgan

Stanley

&

Co.

International

plc

09/17/25

1,709,494

USD

16,638,050

EUR

14,155,477

Natwest

Markets

plc

09/17/25

434,623

USD

82,413,681

EUR

70,964,883

Royal

Bank

of

Canada

09/17/25

1,181,920

USD

31,511,410

EUR

26,716,968

UBS

AG

09/17/25

929,152

USD

299,457,645

GBP

221,691,667

Citibank

NA

09/17/25

6,549,466

USD

41,984,764

GBP

31,069,883

UBS

AG

09/17/25

933,952

USD

161,939,848

HKD

1,261,972,941

UBS

AG

09/17/25

521,041

USD

335,515

IDR

5,473,333,891

BNP

Paribas

SA

09/17/25

4,258

USD

3,346,715

INR

287,641,801

JPMorgan

Chase

Bank

NA

09/17/25

67,909

USD

82,534,000

JPY

12,021,242,168

Deutsche

Bank

AG

09/17/25

2,408,730

USD

13,110,286

JPY

1,886,207,641

JPMorgan

Chase

Bank

NA

09/17/25

538,133

USD

2,074,900

JPY

303,739,216

JPMorgan

Chase

Bank

NA

09/17/25

50,385

USD

32,641,000

JPY

4,642,751,388

Morgan

Stanley

&

Co.

International

plc

09/17/25

1,695,637

USD

16,520,725

MXN

309,157,283

Morgan

Stanley

&

Co.

International

plc

09/17/25

213,360

USD

74,227,981

NOK

750,389,956

JPMorgan

Chase

Bank

NA

09/17/25

1,625,843

USD

3,685,382

CNY

26,365,480

Bank

of

America

NA

09/22/25

14,006

USD

20,510,709

COP

83,694,972,320

Citibank

NA

09/22/25

620,431

USD

16,838,151

CZK

357,214,300

Bank

of

America

NA

09/22/25

230,112

USD

1,765,214

EUR

1,516,195

HSBC

Bank

plc

09/22/25

29,053

USD

3,715,288

HUF

1,283,647,381

Natwest

Markets

plc

09/22/25

62,277

USD

34,918,994

IDR

570,506,536,842

Citibank

NA

09/22/25

396,502

USD

38,417,681

MXN

727,111,632

Goldman

Sachs

International

09/22/25

85,956

USD

13,840,609

MYR

58,711,588

Morgan

Stanley

&

Co.

International

plc

09/22/25

64,470

USD

8,299,539

PEN

29,553,000

Societe

Generale

SA

09/22/25

85,580

USD

6,004,385

PHP

342,944,637

UBS

AG

09/22/25

122,533

USD

35,302,492

PLN

129,658,074

Natwest

Markets

plc

09/22/25

733,172

USD

16,148,431

THB

524,178,051

Citibank

NA

09/22/25

43,470

USD

53,261,630

ZAR

957,383,117

Barclays

Bank

plc

09/22/25

890,353

MXN

60,217,111

JPY

449,990,427

Citibank

NA

09/26/25

170,528

MXN

17,204,889

JPY

128,546,328

Morgan

Stanley

&

Co.

International

plc

09/26/25

48,871

USD

722,575

EUR

612,946

Natwest

Markets

plc

10/16/25

19,586

USD

776,307

EUR

660,079

Toronto

Dominion

Bank

10/16/25

19,260

USD

10,688,277

EUR

9,088,290

UBS

AG

10/16/25

264,889

TRY

520,703,716

USD

11,903,432

Societe

Generale

SA

10/24/25

6,037

EGP

105,671,805

USD

1,950,384

Citibank

NA

11/20/25

107,716

34,085,271

BRL

69,653,472

USD

12,547,869

BNP

Paribas

SA

08/04/25

(

108,749

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

41

Forward

Foreign

Currency

Exchange

Contracts

(continued)

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation  

(Depreciation)

BRL

34,684,618

USD

6,218,000

Citibank

NA

08/04/25

$

(

23,820

)

BRL

112,101,124

USD

20,061,046

Goldman

Sachs

International

08/04/25

(

41,379

)

HKD

272,646,030

USD

35,230,000

BNP

Paribas

SA

08/15/25

(

458,799

)

CLP

2,528,898,344

USD

2,631,172

Morgan

Stanley

&

Co.

International

plc

08/28/25

(

30,944

)

CNY

150,535,535

USD

21,038,385

Natwest

Markets

plc

08/28/25

(

121,253

)

COP

22,789,229,664

USD

5,665,017

Societe

Generale

SA

08/28/25

(

232,999

)

CZK

307,589,479

USD

14,628,964

UBS

AG

08/28/25

(

338,723

)

EUR

3,353,000

USD

3,952,949

Barclays

Bank

plc

08/28/25

(

120,226

)

EUR

1,379,700

USD

1,592,922

BNP

Paribas

SA

08/28/25

(

15,825

)

EUR

181,405

USD

212,745

UBS

AG

08/28/25

(

5,386

)

HUF

2,912,970,334

USD

8,522,069

HSBC

Bank

plc

08/28/25

(

221,558

)

IDR

386,335,460,163

USD

23,647,159

Citibank

NA

08/28/25

(

249,138

)

INR

2,040,309,074

USD

23,596,936

Citibank

NA

08/28/25

(

314,396

)

JPY

516,230,853

USD

3,521,853

Morgan

Stanley

&

Co.

International

plc

08/28/25

(

89,059

)

KRW

6,127,636,202

USD

4,433,000

Goldman

Sachs

International

08/28/25

(

35,876

)

MXN

305,912,327

USD

16,333,930

State

Street

Bank

and

Trust

Co.

08/28/25

(

161,317

)

MYR

110,963,057

USD

26,287,088

Credit

Agricole

Corporate

&

Investment

Bank

SA

08/28/25

(

276,318

)

NOK

1,320,104

USD

130,000

Goldman

Sachs

International

08/28/25

(

2,295

)

PLN

56,365,315

USD

15,472,458

Natwest

Markets

plc

08/28/25

(

438,407

)

RON

14,893,837

USD

3,428,017

Goldman

Sachs

International

08/28/25

(

84,358

)

SGD

2,943,393

USD

2,302,600

Morgan

Stanley

&

Co.

International

plc

08/28/25

(

31,328

)

THB

752,700,231

USD

23,409,662

Morgan

Stanley

&

Co.

International

plc

08/28/25

(

332,180

)

ZAR

263,261,814

USD

14,931,061

State

Street

Bank

and

Trust

Co.

08/28/25

(

503,626

)

USD

2,321,000

TRY

100,172,039

Barclays

Bank

plc

09/02/25

(

80,946

)

BRL

60,331,141

USD

10,714,869

Goldman

Sachs

International

09/03/25

(

28,185

)

TWD

42,334,384

USD

1,451,050

Societe

Generale

SA

09/10/25

(

31,778

)

AUD

356,399,306

USD

232,763,923

Royal

Bank

of

Canada

09/17/25

(

3,527,224

)

BRL

227,885,770

USD

41,209,000

Morgan

Stanley

&

Co.

International

plc

09/17/25

(

981,509

)

CAD

1,470,405

USD

1,069,413

JPMorgan

Chase

Bank

NA

09/17/25

(

5,846

)

CAD

392,258,929

USD

288,078,717

Societe

Generale

SA

09/17/25

(

4,351,661

)

CNY

1,890,794,558

USD

264,947,041

Societe

Generale

SA

09/17/25

(

1,770,642

)

DKK

451,742,987

USD

69,676,612

HSBC

Bank

plc

09/17/25

(

367,808

)

DKK

53,898,451

USD

8,310,657

Morgan

Stanley

&

Co.

International

plc

09/17/25

(

41,271

)

EUR

79,293,414

CHF

74,062,237

Barclays

Bank

plc

09/17/25

(

937,544

)

EUR

123,611,370

USD

144,921,686

Bank

of

America

NA

09/17/25

(

3,426,783

)

EUR

11,610,704

USD

13,492,118

Barclays

Bank

plc

09/17/25

(

201,629

)

EUR

228,873,187

USD

263,186,292

BNP

Paribas

SA

09/17/25

(

1,200,770

)

EUR

21,459,295

USD

25,286,346

Citibank

NA

09/17/25

(

722,417

)

EUR

45,101,967

USD

52,731,163

HSBC

Bank

plc

09/17/25

(

1,104,048

)

EUR

22,833,671

USD

26,650,582

JPMorgan

Chase

Bank

NA

09/17/25

(

513,439

)

EUR

12,658,285

USD

14,888,004

Natwest

Markets

plc

09/17/25

(

398,376

)

EUR

23,318,826

USD

27,419,110

State

Street

Bank

and

Trust

Co.

09/17/25

(

726,621

)

EUR

7,120,146

USD

8,297,811

UBS

AG

09/17/25

(

147,554

)

EUR

7,464,775

USD

8,683,393

Wells

Fargo

Bank

NA

09/17/25

(

138,648

)

GBP

28,683,608

EUR

33,719,925

JPMorgan

Chase

Bank

NA

09/17/25

(

700,404

)

GBP

16,971,247

USD

22,768,064

Bank

of

New

York

Mellon

09/17/25

(

344,952

)

GBP

42,843,269

USD

57,872,019

Citibank

NA

09/17/25

(

1,265,724

)

GBP

16,746,058

USD

22,525,495

HSBC

Bank

plc

09/17/25

(

399,913

)

GBP

31,824,917

USD

43,325,309

State

Street

Bank

and

Trust

Co.

09/17/25

(

1,276,916

)

GBP

16,196,669

USD

21,760,921

UBS

AG

09/17/25

(

361,214

)

HKD

67,151,847

USD

8,618,520

Bank

of

New

York

Mellon

09/17/25

(

29,135

)

HKD

79,382,155

USD

10,154,053

Standard

Chartered

Bank

09/17/25

(

291

)

JPY

15,962,663,751

EUR

96,837,813

Deutsche

Bank

AG

09/17/25

(

4,451,814

)

JPY

156,276,530,721

USD

1,089,885,511

BNP

Paribas

SA

09/17/25

(

48,254,456

)

JPY

203,918,667

USD

1,362,000

HSBC

Bank

plc

09/17/25

(

2,819

)

JPY

1,619,737,196

USD

11,114,973

JPMorgan

Chase

Bank

NA

09/17/25

(

318,927

)

JPY

1,946,324,015

USD

13,570,682

Royal

Bank

of

Canada

09/17/25

(

597,835

)

KRW

109,123,529,624

USD

80,326,367

Morgan

Stanley

&

Co.

International

plc

09/17/25

(

1,914,345

)

NOK

902,085,988

CHF

72,480,575

Barclays

Bank

plc

09/17/25

(

2,465,263

)

NZD

15,081,861

USD

9,144,193

Natwest

Markets

plc

09/17/25

(

244,943

)

PLN

113,668,465

USD

30,439,029

Citibank

NA

09/17/25

(

130,571

)

SEK

600,898,821

USD

62,976,736

JPMorgan

Chase

Bank

NA

09/17/25

(

1,411,311

)

SGD

44,742,757

USD

34,970,578

Bank

of

America

NA

09/17/25

(

388,961

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

42

Forward

Foreign

Currency

Exchange

Contracts

(continued)

Currency

Purchased

Currency

Sold

Counterparty

Settlement

Date

Unrealized

Appreciation  

(Depreciation)

TWD

2,444,810,699

USD

83,220,516

Morgan

Stanley

&

Co.

International

plc

09/17/25

$

(

1,177,236

)

USD

37,442,503

BRL

213,201,356

Goldman

Sachs

International

09/17/25

(

192,825

)

USD

19,650,241

MXN

378,392,893

Barclays

Bank

plc

09/17/25

(

309,150

)

ZAR

764,331,572

EUR

37,286,153

JPMorgan

Chase

Bank

NA

09/17/25

(

854,295

)

ZAR

342,836,064

USD

19,225,303

State

Street

Bank

and

Trust

Co.

09/17/25

(

464,405

)

PEN

15,274,392

USD

4,278,781

Citibank

NA

09/22/25

(

33,417

)

USD

1,346,465

UYU

54,747,248

Citibank

NA

09/22/25

(

16,254

)

USD

638,100

TRY

28,721,455

Barclays

Bank

plc

09/26/25

(

36,183

)

USD

1,418,000

TRY

65,844,830

UBS

AG

09/26/25

(

127,814

)

USD

874,821

EGP

44,878,320

Citibank

NA

10/02/25

(

19,631

)

EUR

198,532

USD

231,718

BNP

Paribas

SA

10/16/25

(

4,021

)

EUR

321,697

USD

378,333

Morgan

Stanley

&

Co.

International

plc

10/16/25

(

9,378

)

USD

1,986,500

TRY

92,896,145

Barclays

Bank

plc

10/24/25

(

138,209

)

ARS

1,555,227,718

USD

1,055,107

Citibank

NA

01/26/26

(

65,346

)

ARS

1,058,519,677

USD

710,893

JPMorgan

Chase

Bank

NA

01/26/26

(

37,241

)

(

92,987,857

)

$

(

58,902,586

)

OTC

Barrier

Options

Purchased

Description

Type

of

Option

Counterparty

Expiration  

Date

Exercise

Price

Barrier

Price/Range

Notional

Amount

(000)

Value

Call

USD

Currency

................

One-Touch

Standard

Chartered

Bank

08/29/25

TWD

34.60

TWD

34.60

USD

393

$

77

EUR

Currency

................

Up

and

Out

Merrill

Lynch

International

&

Co.

09/26/25

USD

1.18

USD

1.25

EUR

49,080

107,239

USD

Currency

................

One-Touch

HSBC

Bank

plc

09/29/25

CNH

7.50

CNH

7.50

USD

421

2,777

EUR

Currency

................

Double

Knock

Out

HSBC

Bank

plc

10/29/25

USD

1.17

USD  1.12

-

1.22

EUR

25,723

48,929

159,022

Put

USD

Currency

................

Down

and

Out

Barclays

Bank

plc

08/07/25

JPY

144.00

JPY

136.00

USD

3,870

104

USD

Currency

................

Down

and

Out

UBS

AG

08/07/25

JPY

144.00

JPY

136.00

USD

8,600

230

334

$

159,356

$

–

Exchange-Traded

Options

Purchased

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

Broadcom,

Inc.

.............................

380

08/01/25

USD

300.00

USD

11,161

$

28,690

Invesco

QQQ

Trust,

Series

1

....................

400

08/01/25

USD

571.00

USD

22,600

14,800

NVIDIA

Corp.

..............................

118

08/01/25

USD

167.50

USD

2,099

130,095

NVIDIA

Corp.

..............................

2,376

08/01/25

USD

180.00

USD

42,262

182,952

SPDR

S&P

500

ETF

Trust

......................

78

08/01/25

USD

640.00

USD

4,930

1,599

SPDR

S&P

500

ETF

Trust

......................

10,600

08/01/25

USD

643.00

USD

670,005

90,100

SPDR

S&P

Retail

ETF

........................

2,502

08/01/25

USD

83.00

USD

19,631

626,751

SPDR

S&P

Retail

ETF

........................

2,502

08/01/25

USD

82.50

USD

19,631

863,190

Broadcom,

Inc.

.............................

460

08/08/25

USD

305.00

USD

13,510

117,300

NVIDIA

Corp.

..............................

804

08/08/25

USD

180.00

USD

14,301

237,984

SPDR

S&P

500

ETF

Trust

......................

78

08/08/25

USD

642.00

USD

4,930

7,878

SPDR

S&P

500

ETF

Trust

......................

2,810

08/08/25

USD

645.00

USD

177,614

141,905

SPDR

S&P

500

ETF

Trust

......................

9,348

08/08/25

USD

640.00

USD

590,868

1,406,874

SPDR

S&P

Regional

Banking

ETF

................

10,000

08/08/25

USD

65.00

USD

60,060

60,000

Alphabet,

Inc.

..............................

286

08/15/25

USD

190.00

USD

5,516

185,185

Amazon.com,

Inc.

...........................

328

08/15/25

USD

230.00

USD

7,679

352,600

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

43

Exchange-Traded

Options

Purchased

(continued)

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Apollo

Global

Management,

Inc.

..................

85

08/15/25

USD

160.00

USD

1,235

$

9,350

Apple,

Inc.

................................

302

08/15/25

USD

215.00

USD

6,269

101,170

Apple,

Inc.

................................

999

08/15/25

USD

220.00

USD

20,736

206,294

Bank

of

America

Corp.

........................

597

08/15/25

USD

48.00

USD

2,822

34,328

Boeing

Co.

(The)

............................

137

08/15/25

USD

240.00

USD

3,039

9,453

Broadcom,

Inc.

.............................

147

08/15/25

USD

290.00

USD

4,317

170,152

Cameco

Corp.

..............................

195

08/15/25

USD

80.00

USD

1,461

14,625

Capital

One

Financial

Corp.

.....................

156

08/15/25

USD

230.00

USD

3,354

10,920

Chevron

Corp.

.............................

76

08/15/25

USD

155.00

USD

1,152

13,756

Cisco

Systems,

Inc.

..........................

270

08/15/25

USD

70.00

USD

1,838

31,725

Costco

Wholesale

Corp.

.......................

30

08/15/25

USD

975.00

USD

2,819

12,975

CyberArk

Software

Ltd.

........................

36

08/15/25

USD

390.00

USD

1,481

92,160

DR

Horton,

Inc.

.............................

46

08/15/25

USD

135.00

USD

657

41,399

Eli

Lilly

&

Co.

..............................

146

08/15/25

USD

820.00

USD

10,805

95,265

EQT

Corp.

................................

237

08/15/25

USD

60.00

USD

1,274

3,911

EURO

STOXX

Bank

Index

.....................

3,802

08/15/25

EUR

210.00

EUR

41,772

2,305,010

Freeport-McMoRan,

Inc.

.......................

291

08/15/25

USD

45.00

USD

1,171

3,929

Hilton

Worldwide

Holdings,

Inc.

..................

30

08/15/25

USD

280.00

USD

804

3,375

Home

Depot,

Inc.

(The)

.......................

65

08/15/25

USD

365.00

USD

2,389

57,525

Intuit,

Inc.

.................................

21

08/15/25

USD

770.00

USD

1,649

50,085

Intuitive

Surgical,

Inc.

.........................

30

08/15/25

USD

530.00

USD

1,443

1,650

JPMorgan

Chase

&

Co.

.......................

96

08/15/25

USD

295.00

USD

2,844

57,360

Live

Nation

Entertainment,

Inc.

..................

102

08/15/25

USD

155.00

USD

1,507

24,990

Mastercard,

Inc.

............................

36

08/15/25

USD

565.00

USD

2,039

38,610

Meta

Platforms,

Inc.

..........................

55

08/15/25

USD

715.00

USD

4,254

344,575

Micron

Technology,

Inc.

.......................

124

08/15/25

USD

115.00

USD

1,353

21,700

Microsoft

Corp.

.............................

175

08/15/25

USD

530.00

USD

9,336

195,125

Netflix,

Inc.

................................

143

08/15/25

USD

1,320.00

USD

16,579

10,868

NVIDIA

Corp.

..............................

532

08/15/25

USD

180.00

USD

9,463

224,770

Paramount

Global

...........................

563

08/15/25

USD

14.00

USD

708

19,987

Progressive

Corp.

(The)

.......................

102

08/15/25

USD

250.00

USD

2,469

17,595

Sabre

Corp.

...............................

934

08/15/25

USD

4.00

USD

283

7,005

Salesforce,

Inc.

.............................

89

08/15/25

USD

270.00

USD

2,299

18,423

SPDR

Gold

Shares

(a)

.........................

1,759

08/15/25

USD

315.00

USD

53,291

110,816

SPDR

Gold

Shares

(a)

.........................

4,999

08/15/25

USD

310.00

USD

151,450

722,356

SPDR

Gold

Shares

(a)

.........................

7,505

08/15/25

USD

320.00

USD

227,371

206,388

SPDR

S&P

Regional

Banking

ETF

................

4,001

08/15/25

USD

64.00

USD

24,030

80,020

Stryker

Corp.

..............................

59

08/15/25

USD

400.00

USD

2,317

44,250

Tesla,

Inc.

.................................

171

08/15/25

USD

340.00

USD

5,271

45,828

TJX

Cos.,

Inc.

(The)

..........................

171

08/15/25

USD

125.00

USD

2,129

28,899

Trane

Technologies

plc

........................

59

08/15/25

USD

460.00

USD

2,585

8,703

Valero

Energy

Corp.

..........................

46

08/15/25

USD

150.00

USD

632

1,679

Vertiv

Holdings

Co.

..........................

124

08/15/25

USD

140.00

USD

1,805

113,150

Vistra

Corp.

...............................

85

08/15/25

USD

190.00

USD

1,773

193,375

Walmart,

Inc.

..............................

357

08/15/25

USD

97.50

USD

3,498

71,222

Walmart,

Inc.

..............................

2,061

08/15/25

USD

105.00

USD

20,194

18,549

Walt

Disney

Co.

(The)

........................

1,064

08/15/25

USD

125.00

USD

12,673

199,500

Wells

Fargo

&

Co.

...........................

3,681

08/15/25

USD

85.00

USD

29,680

64,418

Williams

Cos.,

Inc.

(The)

.......................

255

08/15/25

USD

60.00

USD

1,529

41,438

Xerox

Holdings

Corp.

.........................

748

08/15/25

USD

7.00

USD

303

7,480

CBOE

Volatility

Index

.........................

1,141

08/20/25

USD

35.00

USD

1,908

33,089

U.S.

Treasury

10-Year

Note

.....................

48

08/22/25

USD

113.00

USD

4,800

4,500

U.S.

Treasury

10-Year

Note

.....................

71

08/22/25

USD

114.00

USD

7,100

3,328

U.S.

Treasury

30-Year

Bond

....................

131

08/22/25

USD

117.00

USD

13,100

38,891

iShares

Russell

2000

ETF

......................

3,499

08/29/25

USD

230.00

USD

76,765

628,071

Advanced

Micro

Devices,

Inc.

...................

550

09/19/25

USD

155.00

USD

9,697

1,461,625

Alphabet,

Inc.

..............................

730

09/19/25

USD

200.00

USD

14,079

388,725

Citigroup,

Inc.

..............................

2,125

09/19/25

USD

100.00

USD

19,911

273,063

Freeport-McMoRan,

Inc.

.......................

2,537

09/19/25

USD

48.00

USD

10,209

64,694

General

Electric

Co.

..........................

754

09/19/25

USD

270.00

USD

20,439

951,925

Hilton

Worldwide

Holdings,

Inc.

..................

1,020

09/19/25

USD

290.00

USD

27,344

188,700

iShares

China

Large-Cap

ETF

...................

19,952

09/19/25

USD

40.00

USD

74,700

1,097,360

iShares

Russell

2000

ETF

......................

5,001

09/19/25

USD

230.00

USD

109,717

1,527,806

Meta

Platforms,

Inc.

..........................

428

09/19/25

USD

820.00

USD

33,103

576,730

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

44

Exchange-Traded

Options

Purchased

(continued)

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Microsoft

Corp.

.............................

300

09/19/25

USD

530.00

USD

16,005

$

555,000

NRG

Energy,

Inc.

...........................

481

09/19/25

USD

180.00

USD

8,042

317,460

NVIDIA

Corp.

..............................

820

09/19/25

USD

160.00

USD

14,585

1,845,000

NVIDIA

Corp.

..............................

1,499

09/19/25

USD

190.00

USD

26,663

903,148

Paramount

Global

...........................

937

09/19/25

USD

14.00

USD

1,178

46,849

Salesforce,

Inc.

.............................

1,000

09/19/25

USD

280.00

USD

25,833

665,000

SPDR

Gold

Shares

(a)

.........................

4,750

09/19/25

USD

325.00

USD

143,906

622,250

SPDR

S&P

Regional

Banking

ETF

................

2,694

09/19/25

USD

64.00

USD

16,180

285,564

SPDR

S&P

Regional

Banking

ETF

................

7,978

09/19/25

USD

66.00

USD

47,916

434,801

Uber

Technologies,

Inc.

.......................

1,505

09/19/25

USD

100.00

USD

13,206

233,275

Walmart,

Inc.

..............................

1,201

09/19/25

USD

100.00

USD

11,767

338,682

Walt

Disney

Co.

(The)

........................

547

09/19/25

USD

125.00

USD

6,515

163,280

Warner

Bros

Discovery,

Inc.

....................

750

09/19/25

USD

14.00

USD

988

41,999

Wells

Fargo

&

Co.

...........................

1,781

09/19/25

USD

85.00

USD

14,360

195,910

Alphabet,

Inc.

..............................

542

10/17/25

USD

205.00

USD

10,453

302,165

ASML

Holding

NV

...........................

200

10/17/25

USD

840.00

USD

13,894

145,000

EURO

STOXX

Bank

Index

.....................

3,939

10/17/25

EUR

225.00

EUR

43,277

1,365,413

Freeport-McMoRan,

Inc.

.......................

2,046

10/17/25

USD

48.00

USD

8,233

112,530

Paramount

Global

...........................

746

10/17/25

USD

15.00

USD

938

26,856

Sabre

Corp.

...............................

751

10/17/25

USD

4.00

USD

228

7,510

Warner

Bros

Discovery,

Inc.

....................

485

10/17/25

USD

15.00

USD

639

20,370

Wells

Fargo

&

Co.

...........................

2,199

10/17/25

USD

85.00

USD

17,731

463,989

Informatica,

Inc.

............................

286

11/21/25

USD

35.00

USD

706

11,440

26,998,037

Put

Invesco

QQQ

Trust,

Series

1

....................

400

08/01/25

USD

571.00

USD

22,600

245,400

Invesco

QQQ

Trust,

Series

1

....................

7,003

08/01/25

USD

540.00

USD

395,677

45,520

iShares

Russell

2000

ETF

......................

387

08/01/25

USD

210.00

USD

8,490

1,935

Invesco

QQQ

Trust,

Series

1

....................

3,015

08/08/25

USD

545.00

USD

170,351

319,590

EURO

STOXX

Bank

Index

.....................

618

08/15/25

EUR

180.00

EUR

6,790

1,763

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

.......

2,002

08/15/25

USD

78.00

USD

16,092

11,011

iShares

Russell

2000

ETF

......................

417

08/15/25

USD

210.00

USD

9,149

57,755

iShares

Russell

2000

ETF

......................

485

08/15/25

USD

185.00

USD

10,640

6,305

iShares

Russell

2000

ETF

......................

582

08/15/25

USD

195.00

USD

12,768

14,550

Live

Nation

Entertainment,

Inc.

..................

1,000

08/15/25

USD

145.00

USD

14,770

435,000

Netflix,

Inc.

................................

149

08/15/25

USD

950.00

USD

17,275

4,917

Oracle

Corp.

...............................

1,499

08/15/25

USD

190.00

USD

38,040

27,732

VanEck

Semiconductor

ETF

....................

1,501

08/15/25

USD

275.00

USD

43,346

392,512

WTI

Crude

Oil

(a)

.............................

520

09/17/25

USD

65.00

USD

520

920,400

American

Airlines

Group,

Inc.

....................

750

09/19/25

USD

8.00

USD

862

4,500

Dollar

Tree,

Inc.

.............................

2,001

09/19/25

USD

85.00

USD

22,721

60,030

EURO

STOXX

Bank

Index

.....................

747

09/19/25

EUR

150.00

EUR

8,207

7,459

iShares

Russell

2000

ETF

......................

515

09/19/25

USD

190.00

USD

11,299

54,075

Rheinmetall

AG

.............................

248

09/19/25

EUR

1,600.00

EUR

43,040

1,325,230

Rheinmetall

AG

.............................

123

10/17/25

EUR

1,600.00

EUR

21,347

1,064,688

5,000,372

$

31,998,409

(a)

All

or

a

portion

of

the

security

is

held

by

a

wholly-owned

subsidiary.

OTC

Currency

Options

Purchased

Description

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

USD

Currency

...........................

Royal

Bank

of

Canada

08/07/25

MXN

19.40

USD

11,223

$

4,751

USD

Currency

...........................

JPMorgan

Chase

Bank

NA

08/14/25

THB

33.00

USD

4,449

13,066

USD

Currency

...........................

JPMorgan

Chase

Bank

NA

08/19/25

MXN

19.10

USD

3,541

15,791

USD

Currency

...........................

Standard

Chartered

Bank

08/27/25

THB

32.60

USD

3,559

35,890

EUR

Currency

...........................

Morgan

Stanley

&

Co.

International

plc

10/08/25

USD

1.20

EUR

128,753

303,857

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

45

OTC

Currency

Options

Purchased

(continued)

Description

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

USD

Currency

...........................

Barclays

Bank

plc

10/29/25

MXN

19.20

USD

5,310

$

83,579

456,934

Put

USD

Currency

...........................

HSBC

Bank

plc

08/05/25

JPY

143.00

USD

25,948

44

USD

Currency

...........................

Citibank

NA

08/06/25

CNH

7.05

USD

207,295

859

USD

Currency

...........................

HSBC

Bank

plc

08/14/25

BRL

5.52

USD

4,688

13,394

EUR

Currency

...........................

BNP

Paribas

SA

08/27/25

USD

1.15

EUR

4,599

60,227

EUR

Currency

...........................

Credit

Agricole

Corporate

&

Investment

Bank

SA

08/27/25

USD

1.17

EUR

3,057

73,961

USD

Currency

...........................

Goldman

Sachs

International

08/27/25

BRL

5.52

USD

3,558

16,631

USD

Currency

...........................

Deutsche

Bank

AG

10/08/25

JPY

142.00

USD

148,561

476,811

641,927

$

1,098,861

OTC

Credit

Default

Swaptions

Purchased

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate/Reference

Rate/Reference

Frequency

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

(a)

Value

Put

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

%

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

Quarterly

Goldman

Sachs

International

08/20/25

USD

104.00

USD

24,375

$

12,175

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

Quarterly

Goldman

Sachs

International

08/20/25

USD

105.50

USD

14,985

19,263

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

Quarterly

Goldman

Sachs

International

08/20/25

USD

106.00

USD

16,825

31,506

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

Quarterly

Goldman

Sachs

International

08/20/25

USD

107.00

USD

13,055

57,301

Bought

Protection

on

5-Year

Credit

Default

Swap

......

5

.00

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

Quarterly

Goldman

Sachs

International

08/20/25

USD

107.00

USD

16,780

73,650

$

193,895

(a)

The

maximum

potential

amount

the

Fund

may

pay

should

a

negative

credit

event

take

place

as

defined

under

the

terms

of

the

agreement.

OTC

Interest

Rate

Swaptions

Purchased

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate

Frequency

Rate

Frequency

Counterparty

Expiration

Date

Exercise

Rate

Notional

Amount

(000)

Value

Call

3-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.50%

Annual

JPMorgan

Chase

Bank

NA

08/18/25

3

.50

%

USD

229,310

$

286,666

30-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.80%

Annual

JPMorgan

Chase

Bank

NA

10/30/25

3

.80

USD

78,497

898,382

30-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.65%

Annual

Goldman

Sachs

International

11/26/25

3

.65

USD

118,850

1,062,608

30-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.80%

Annual

Morgan

Stanley

&

Co.

International

plc

01/14/26

3

.80

USD

34,550

726,967

1-Year

Interest

Rate

Swap

(a)

.

1-day

SONIA

At

Termination

3.50%

At

Termination

Morgan

Stanley

&

Co.

International

plc

04/22/26

3

.50

GBP

914,097

2,389,014

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

46

OTC

Interest

Rate

Swaptions

Purchased

(continued)

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate

Frequency

Rate

Frequency

Counterparty

Expiration

Date

Exercise

Rate

Notional

Amount

(000)

Value

1-Year

Interest

Rate

Swap

(a)

.

1-day

SONIA

At

Termination

3.60%

At

Termination

Morgan

Stanley

&

Co.

International

plc

05/01/26

3

.60

%

GBP

1,128,515

$

3,731,859

$

9,095,496

(a)

Forward

settling

swaption.

Exchange-Traded

Options

Written

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

NVIDIA

Corp.

...............................

118

08/01/25

USD

175.00

USD

2,099

$

(

42,480

)

SPDR

S&P

500

ETF

Trust

.......................

78

08/01/25

USD

646.00

USD

4,930

(

273

)

SPDR

S&P

500

ETF

Trust

.......................

9,426

08/08/25

USD

650.00

USD

595,799

(

117,826

)

SPDR

S&P

Regional

Banking

ETF

.................

10,000

08/08/25

USD

68.00

USD

60,060

(

2,130,001

)

Alphabet,

Inc.

...............................

646

08/15/25

USD

200.00

USD

12,459

(

127,586

)

Amazon.com,

Inc.

............................

218

08/15/25

USD

250.00

USD

5,104

(

66,490

)

Apple,

Inc.

.................................

1,507

08/15/25

USD

230.00

USD

31,281

(

102,476

)

Bank

of

America

Corp.

.........................

3,638

08/15/25

USD

50.00

USD

17,197

(

47,294

)

CyberArk

Software

Ltd.

.........................

49

08/15/25

USD

460.00

USD

2,016

(

10,535

)

Eli

Lilly

&

Co.

...............................

146

08/15/25

USD

900.00

USD

10,805

(

17,155

)

JPMorgan

Chase

&

Co.

........................

802

08/15/25

USD

290.00

USD

23,758

(

751,875

)

Meta

Platforms,

Inc.

...........................

340

08/15/25

USD

780.00

USD

26,297

(

495,550

)

Micron

Technology,

Inc.

........................

380

08/15/25

USD

125.00

USD

4,147

(

15,010

)

Netflix,

Inc.

.................................

143

08/15/25

USD

1,500.00

USD

16,579

(

2,216

)

NVIDIA

Corp.

...............................

1,437

08/15/25

USD

165.00

USD

25,560

(

2,058,502

)

Oracle

Corp.

................................

694

08/15/25

USD

200.00

USD

17,612

(

3,742,395

)

Oracle

Corp.

................................

1,499

08/15/25

USD

220.00

USD

38,040

(

5,205,277

)

SPDR

Gold

Shares

(a)

..........................

1,759

08/15/25

USD

335.00

USD

53,291

(

12,313

)

SPDR

Gold

Shares

(a)

..........................

4,999

08/15/25

USD

325.00

USD

151,450

(

74,985

)

SPDR

Gold

Shares

(a)

..........................

7,505

08/15/25

USD

340.00

USD

227,371

(

37,525

)

Vertiv

Holdings

Co.

...........................

387

08/15/25

USD

145.00

USD

5,635

(

243,810

)

Vistra

Corp.

................................

217

08/15/25

USD

210.00

USD

4,525

(

225,137

)

Walmart,

Inc.

...............................

2,061

08/15/25

USD

115.00

USD

20,194

(

12,366

)

Walt

Disney

Co.

(The)

.........................

340

08/15/25

USD

130.00

USD

4,050

(

28,900

)

iShares

Russell

2000

ETF

.......................

3,499

08/29/25

USD

245.00

USD

76,765

(

64,732

)

Air

Products

and

Chemicals,

Inc.

..................

74

09/19/25

USD

310.00

USD

2,130

(

19,610

)

Alphabet,

Inc.

...............................

400

09/19/25

USD

205.00

USD

7,714

(

146,000

)

Alphabet,

Inc.

...............................

844

09/19/25

USD

210.00

USD

16,277

(

213,954

)

Amazon.com,

Inc.

............................

456

09/19/25

USD

260.00

USD

10,675

(

132,696

)

Amazon.com,

Inc.

............................

817

09/19/25

USD

240.00

USD

19,127

(

733,257

)

Amazon.com,

Inc.

............................

1,090

09/19/25

USD

255.00

USD

25,518

(

446,900

)

Amazon.com,

Inc.

............................

1,555

09/19/25

USD

245.00

USD

36,404

(

1,080,725

)

Apollo

Global

Management,

Inc.

...................

211

09/19/25

USD

160.00

USD

3,066

(

50,640

)

Apple,

Inc.

.................................

421

09/19/25

USD

240.00

USD

8,739

(

39,995

)

Apple,

Inc.

.................................

671

09/19/25

USD

230.00

USD

13,928

(

141,245

)

Boeing

Co.

(The)

.............................

331

09/19/25

USD

230.00

USD

7,343

(

202,737

)

Broadcom,

Inc.

..............................

202

09/19/25

USD

340.00

USD

5,933

(

99,990

)

Broadcom,

Inc.

..............................

357

09/19/25

USD

330.00

USD

10,485

(

245,437

)

Cameco

Corp.

...............................

759

09/19/25

USD

90.00

USD

5,687

(

58,443

)

Chevron

Corp.

..............................

105

09/19/25

USD

170.00

USD

1,592

(

3,570

)

Chevron

Corp.

..............................

124

09/19/25

USD

160.00

USD

1,880

(

40,363

)

Chevron

Corp.

..............................

184

09/19/25

USD

160.00

USD

2,790

(

32,108

)

Cisco

Systems,

Inc.

...........................

380

09/19/25

USD

75.00

USD

2,587

(

18,810

)

Crowdstrike

Holdings,

Inc.

.......................

227

09/19/25

USD

560.00

USD

10,319

(

105,555

)

CyberArk

Software

Ltd.

.........................

49

09/19/25

USD

440.00

USD

2,016

(

57,575

)

CyberArk

Software

Ltd.

.........................

67

09/19/25

USD

460.00

USD

2,757

(

42,880

)

CyberArk

Software

Ltd.

.........................

136

09/19/25

USD

450.00

USD

5,596

(

125,800

)

DR

Horton,

Inc.

..............................

63

09/19/25

USD

150.00

USD

900

(

24,570

)

Freeport-McMoRan,

Inc.

........................

1,141

09/19/25

USD

50.00

USD

4,591

(

16,544

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

47

Exchange-Traded

Options

Written

(continued)

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Hilton

Worldwide

Holdings,

Inc.

...................

42

09/19/25

USD

310.00

USD

1,126

$

(

3,780

)

Home

Depot,

Inc.

(The)

........................

92

09/19/25

USD

385.00

USD

3,381

(

60,490

)

Intuit,

Inc.

..................................

30

09/19/25

USD

840.00

USD

2,355

(

41,700

)

Intuit,

Inc.

..................................

59

09/19/25

USD

860.00

USD

4,632

(

56,935

)

iShares

China

Large-Cap

ETF

....................

19,952

09/19/25

USD

45.00

USD

74,700

(

438,944

)

iShares

Russell

2000

ETF

.......................

5,001

09/19/25

USD

245.00

USD

109,717

(

292,558

)

JPMorgan

Chase

&

Co.

........................

135

09/19/25

USD

305.00

USD

3,999

(

79,312

)

Live

Nation

Entertainment,

Inc.

...................

476

09/19/25

USD

170.00

USD

7,031

(

46,410

)

Mastercard,

Inc.

.............................

49

09/19/25

USD

635.00

USD

2,776

(

4,263

)

Meta

Platforms,

Inc.

...........................

77

09/19/25

USD

805.00

USD

5,955

(

144,182

)

Meta

Platforms,

Inc.

...........................

752

09/19/25

USD

870.00

USD

58,163

(

366,600

)

Micron

Technology,

Inc.

........................

175

09/19/25

USD

130.00

USD

1,910

(

24,937

)

Microsoft

Corp.

..............................

245

09/19/25

USD

560.00

USD

13,071

(

137,812

)

Microsoft

Corp.

..............................

436

09/19/25

USD

540.00

USD

23,261

(

585,330

)

Netflix,

Inc.

.................................

65

09/19/25

USD

1,460.00

USD

7,536

(

7,215

)

NVIDIA

Corp.

...............................

745

09/19/25

USD

200.00

USD

13,251

(

253,300

)

Oracle

Corp.

................................

369

09/19/25

USD

250.00

USD

9,364

(

732,465

)

Progressive

Corp.

(The)

........................

141

09/19/25

USD

280.00

USD

3,413

(

10,222

)

Salesforce,

Inc.

..............................

127

09/19/25

USD

290.00

USD

3,281

(

55,562

)

Salesforce,

Inc.

..............................

1,142

09/19/25

USD

310.00

USD

29,501

(

231,826

)

SPDR

S&P

Regional

Banking

ETF

.................

7,978

09/19/25

USD

72.00

USD

47,916

(

75,791

)

Stryker

Corp.

...............................

84

09/19/25

USD

440.00

USD

3,299

(

12,600

)

Tesla,

Inc.

..................................

280

09/19/25

USD

400.00

USD

8,632

(

73,920

)

TJX

Cos.,

Inc.

(The)

...........................

240

09/19/25

USD

135.00

USD

2,989

(

20,640

)

Trane

Technologies

plc

.........................

63

09/19/25

USD

490.00

USD

2,760

(

10,395

)

Trane

Technologies

plc

.........................

160

09/19/25

USD

480.00

USD

7,009

(

44,000

)

Valero

Energy

Corp.

...........................

188

09/19/25

USD

155.00

USD

2,581

(

21,714

)

Vertiv

Holdings

Co.

...........................

175

09/19/25

USD

170.00

USD

2,548

(

56,437

)

Vistra

Corp.

................................

120

09/19/25

USD

230.00

USD

2,502

(

107,400

)

Vistra

Corp.

................................

552

09/19/25

USD

220.00

USD

11,511

(

676,200

)

Walmart,

Inc.

...............................

498

09/19/25

USD

110.00

USD

4,879

(

24,402

)

Walt

Disney

Co.

(The)

.........................

244

09/19/25

USD

135.00

USD

2,906

(

20,740

)

Wells

Fargo

&

Co.

............................

554

09/19/25

USD

90.00

USD

4,467

(

15,235

)

Williams

Cos.,

Inc.

(The)

........................

358

09/19/25

USD

65.00

USD

2,146

(

24,165

)

NVIDIA

Corp.

...............................

820

11/21/25

USD

200.00

USD

14,585

(

674,450

)

Alphabet,

Inc.

...............................

508

12/19/25

USD

210.00

USD

9,797

(

406,400

)

Alphabet,

Inc.

...............................

1,110

12/19/25

USD

220.00

USD

21,407

(

582,750

)

Amazon.com,

Inc.

............................

652

12/19/25

USD

260.00

USD

15,264

(

583,540

)

Amazon.com,

Inc.

............................

1,340

12/19/25

USD

270.00

USD

31,371

(

854,250

)

Apple,

Inc.

.................................

540

12/19/25

USD

250.00

USD

11,209

(

130,140

)

Apple,

Inc.

.................................

2,000

12/19/25

USD

240.00

USD

41,514

(

785,000

)

Bank

of

America

Corp.

.........................

596

12/19/25

USD

52.50

USD

2,817

(

58,408

)

Boeing

Co.

(The)

.............................

136

12/19/25

USD

265.00

USD

3,017

(

62,220

)

Boeing

Co.

(The)

.............................

136

12/19/25

USD

260.00

USD

3,017

(

72,420

)

Broadcom,

Inc.

..............................

146

12/19/25

USD

370.00

USD

4,288

(

132,130

)

Broadcom,

Inc.

..............................

146

12/19/25

USD

350.00

USD

4,288

(

190,895

)

Broadcom,

Inc.

..............................

600

12/19/25

USD

380.00

USD

17,622

(

450,000

)

Cameco

Corp.

...............................

390

12/19/25

USD

100.00

USD

2,922

(

72,345

)

Capital

One

Financial

Corp.

......................

310

12/19/25

USD

250.00

USD

6,665

(

136,400

)

Cisco

Systems,

Inc.

...........................

540

12/19/25

USD

80.00

USD

3,676

(

43,470

)

Citigroup,

Inc.

...............................

508

12/19/25

USD

100.00

USD

4,760

(

199,391

)

CRH

plc

...................................

340

12/19/25

USD

110.00

USD

3,245

(

70,551

)

Delta

Air

Lines,

Inc.

...........................

65

12/19/25

USD

70.00

USD

346

(

6,110

)

Eli

Lilly

&

Co.

...............................

210

12/19/25

USD

1,000.00

USD

15,541

(

184,800

)

EQT

Corp.

.................................

471

12/19/25

USD

65.00

USD

2,532

(

69,238

)

Intuit,

Inc.

..................................

40

12/19/25

USD

880.00

USD

3,141

(

96,800

)

JPMorgan

Chase

&

Co.

........................

169

12/19/25

USD

325.00

USD

5,006

(

114,076

)

Mastercard,

Inc.

.............................

160

12/19/25

USD

650.00

USD

9,064

(

91,201

)

Meta

Platforms,

Inc.

...........................

109

12/19/25

USD

860.00

USD

8,430

(

334,085

)

Meta

Platforms,

Inc.

...........................

290

12/19/25

USD

940.00

USD

22,430

(

375,550

)

Micron

Technology,

Inc.

........................

146

12/19/25

USD

150.00

USD

1,593

(

39,712

)

Microsoft

Corp.

..............................

1,076

12/19/25

USD

580.00

USD

57,405

(

1,457,980

)

Netflix,

Inc.

.................................

21

12/19/25

USD

1,500.00

USD

2,435

(

23,992

)

NVIDIA

Corp.

...............................

2,526

12/19/25

USD

220.00

USD

44,930

(

1,338,780

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

48

Exchange-Traded

Options

Written

(continued)

Description

Number

of

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Oracle

Corp.

................................

124

12/19/25

USD

280.00

USD

3,147

$

(

224,440

)

Oracle

Corp.

................................

2,118

12/19/25

USD

330.00

USD

53,748

(

1,419,061

)

Palantir

Technologies,

Inc.

.......................

16

12/19/25

USD

200.00

USD

253

(

16,640

)

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

.........

240

12/19/25

USD

270.00

USD

5,799

(

266,400

)

Tesla,

Inc.

..................................

54

12/19/25

USD

500.00

USD

1,665

(

29,970

)

Tesla,

Inc.

..................................

55

12/19/25

USD

460.00

USD

1,695

(

43,862

)

Trane

Technologies

plc

.........................

92

12/19/25

USD

500.00

USD

4,030

(

72,681

)

TransDigm

Group,

Inc.

.........................

20

12/19/25

USD

1,800.00

USD

3,217

(

66,700

)

United

Airlines

Holdings,

Inc.

.....................

81

12/19/25

USD

115.00

USD

715

(

20,533

)

Valero

Energy

Corp.

...........................

149

12/19/25

USD

170.00

USD

2,046

(

26,447

)

Vertiv

Holdings

Co.

...........................

248

12/19/25

USD

180.00

USD

3,611

(

212,041

)

Vistra

Corp.

................................

169

12/19/25

USD

270.00

USD

3,524

(

160,127

)

Walmart,

Inc.

...............................

354

12/19/25

USD

120.00

USD

3,468

(

24,072

)

Walt

Disney

Co.

(The)

.........................

108

12/19/25

USD

145.00

USD

1,286

(

15,120

)

Walt

Disney

Co.

(The)

.........................

109

12/19/25

USD

150.00

USD

1,298

(

10,191

)

Wells

Fargo

&

Co.

............................

331

12/19/25

USD

100.00

USD

2,669

(

15,226

)

(

36,730,190

)

Put

Invesco

QQQ

Trust,

Series

1

.....................

14,006

08/01/25

USD

515.00

USD

791,353

(

28,012

)

iShares

Russell

2000

ETF

.......................

387

08/01/25

USD

195.00

USD

8,490

(

774

)

NVIDIA

Corp.

...............................

118

08/01/25

USD

155.00

USD

2,099

(

413

)

Invesco

QQQ

Trust,

Series

1

.....................

4,478

08/08/25

USD

515.00

USD

253,011

(

100,755

)

SPDR

S&P

Regional

Banking

ETF

.................

5,000

08/08/25

USD

60.00

USD

30,030

(

487,500

)

Eli

Lilly

&

Co.

...............................

146

08/15/25

USD

700.00

USD

10,805

(

208,780

)

Intuitive

Surgical,

Inc.

..........................

158

08/15/25

USD

465.00

USD

7,601

(

66,360

)

iShares

Russell

2000

ETF

.......................

417

08/15/25

USD

190.00

USD

9,149

(

7,089

)

Live

Nation

Entertainment,

Inc.

...................

1,499

08/15/25

USD

130.00

USD

22,140

(

112,425

)

Netflix,

Inc.

.................................

143

08/15/25

USD

1,100.00

USD

16,579

(

86,157

)

SPDR

Gold

Shares

(a)

..........................

1,252

08/15/25

USD

295.00

USD

37,931

(

108,924

)

SPDR

Gold

Shares

(a)

..........................

3,752

08/15/25

USD

300.00

USD

113,671

(

769,160

)

VanEck

Semiconductor

ETF

.....................

1,501

08/15/25

USD

250.00

USD

43,346

(

84,056

)

Walt

Disney

Co.

(The)

.........................

955

08/15/25

USD

110.00

USD

11,375

(

97,887

)

WTI

Crude

Oil

(a)

..............................

520

09/17/25

USD

60.00

USD

520

(

348,400

)

Alphabet,

Inc.

...............................

1,366

09/19/25

USD

170.00

USD

26,345

(

202,851

)

Dollar

Tree,

Inc.

..............................

2,001

09/19/25

USD

70.00

USD

22,721

(

132,066

)

Freeport-McMoRan,

Inc.

........................

1,903

09/19/25

USD

42.00

USD

7,658

(

554,724

)

General

Electric

Co.

...........................

754

09/19/25

USD

220.00

USD

20,439

(

56,173

)

Hilton

Worldwide

Holdings,

Inc.

...................

1,020

09/19/25

USD

260.00

USD

27,344

(

510,000

)

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

...

9,159

09/19/25

USD

105.00

USD

99,934

(

4,396,320

)

Microsoft

Corp.

..............................

300

09/19/25

USD

470.00

USD

16,005

(

59,250

)

NRG

Energy,

Inc.

............................

481

09/19/25

USD

140.00

USD

8,042

(

117,845

)

Rheinmetall

AG

..............................

248

09/19/25

EUR

1,400.00

EUR

43,040

(

496,696

)

Salesforce,

Inc.

..............................

1,000

09/19/25

USD

240.00

USD

25,833

(

650,000

)

SPDR

Gold

Shares

(a)

..........................

4,750

09/19/25

USD

290.00

USD

143,906

(

748,125

)

SPDR

S&P

Regional

Banking

ETF

.................

2,694

09/19/25

USD

55.00

USD

16,180

(

175,110

)

Uber

Technologies,

Inc.

........................

1,505

09/19/25

USD

85.00

USD

13,206

(

556,850

)

Walmart,

Inc.

...............................

1,201

09/19/25

USD

90.00

USD

11,767

(

123,102

)

Walt

Disney

Co.

(The)

.........................

547

09/19/25

USD

110.00

USD

6,515

(

96,272

)

Wells

Fargo

&

Co.

............................

1,781

09/19/25

USD

75.00

USD

14,360

(

170,085

)

Alphabet,

Inc.

...............................

542

10/17/25

USD

165.00

USD

10,453

(

99,457

)

ASML

Holding

NV

............................

301

10/17/25

USD

680.00

USD

20,911

(

936,110

)

EURO

STOXX

Bank

Index

......................

1,969

10/17/25

EUR

190.00

EUR

21,633

(

221,893

)

Freeport-McMoRan,

Inc.

........................

2,046

10/17/25

USD

40.00

USD

8,233

(

464,442

)

Freeport-McMoRan,

Inc.

........................

6,501

10/17/25

USD

35.00

USD

26,160

(

458,320

)

Rheinmetall

AG

..............................

123

10/17/25

EUR

1,400.00

EUR

21,347

(

376,887

)

(

14,109,270

)

$

(

50,839,460

)

(a)

All

or

a

portion

of

the

security

is

held

by

a

wholly-owned

subsidiary.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

49

OTC

Currency

Options

Written

Description

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

USD

Currency

.............................

Royal

Bank

of

Canada

08/07/25

MXN

20.00

USD

11,223

$

(

602

)

USD

Currency

.............................

Goldman

Sachs

International

08/27/25

BRL

5.80

USD

3,558

(

19,450

)

MXN

Currency

............................

Morgan

Stanley

&

Co.

International

plc

09/24/25

JPY

7.85

MXN

77,422

(

90,336

)

USD

Currency

.............................

Deutsche

Bank

AG

10/08/25

JPY

151.00

USD

148,561

(

1,860,511

)

–

(

1,970,899

)

–

Put

USD

Currency

.............................

HSBC

Bank

plc

08/05/25

JPY

140.50

USD

51,896

(

8

)

USD

Currency

.............................

Citibank

NA

08/06/25

CNH

6.90

USD

207,295

(

52

)

EUR

Currency

.............................

Morgan

Stanley

&

Co.

International

plc

10/08/25

USD

1.14

EUR

128,753

(

1,479,997

)

–

(

1,480,057

)

–

$

(

3,450,956

)

OTC

Credit

Default

Swaptions

Written

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate/Reference

Rate/Reference

Frequency

Counterparty

Expiration

Date

Credit

Rating

(a)

Exercise

Price

Notional

Amount

(000)

(b)

Value

Put

Sold

Protection

on

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

5

.00

%

Quarterly

Goldman

Sachs

International

08/20/25

B+

USD

102.00

USD

16,825

$

(

3,244

)

Sold

Protection

on

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

5

.00

Quarterly

Goldman

Sachs

International

08/20/25

B+

USD

103.00

USD

16,780

(

5,029

)

Sold

Protection

on

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

5

.00

Quarterly

Goldman

Sachs

International

08/20/25

B+

USD

103.00

USD

13,055

(

3,912

)

$

(

12,185

)

(a)

Using

the

rating

of

the

issuer

or

the

underlying

securities

of

the

index,

as

applicable,

provided

by

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

a

negative

credit

event

take

place

as

defined

under

the

terms

of

the

agreement.

OTC

Interest

Rate

Swaptions

Written

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate

Frequency

Rate

Frequency

Counterparty

Expiration

Date

Exercise

Rate

Notional

Amount

(000)

Value

Call

3-Year

Interest

Rate

Swap

(a)

.

3.20%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

NA

08/18/25

3

.20

%

USD

229,310

$

(

23,534

)

5-Year

Interest

Rate

Swap

(a)

.

3.57%

Annual

6-mo.

PRIBOR

Semi-Annual

Morgan

Stanley

&

Co.

International

plc

08/26/25

3

.57

CZK

167,586

(

47

)

5-Year

Interest

Rate

Swap

(a)

.

2.05%

Annual

6-mo.

EURIBOR

Semi-Annual

Morgan

Stanley

&

Co.

International

plc

09/02/25

2

.05

EUR

96,875

(

10,215

)

5-Year

Interest

Rate

Swap

(a)

.

3.23%

Annual

1-day

SOFR

Annual

Bank

of

America

NA

09/12/25

3

.23

USD

292,628

(

303,615

)

2-Year

Interest

Rate

Swap

(a)

.

3.05%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

09/22/25

3

.05

USD

627,555

(

177,839

)

2-Year

Interest

Rate

Swap

(a)

.

3.30%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

NA

09/22/25

3

.30

USD

461,418

(

341,704

)

2-Year

Interest

Rate

Swap

(a)

.

3.08%

Annual

1-day

SOFR

Annual

Citibank

NA

09/26/25

3

.08

USD

584,000

(

218,757

)

2-Year

Interest

Rate

Swap

(a)

.

3.05%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

09/29/25

3

.05

USD

317,757

(

117,523

)

5-Year

Interest

Rate

Swap

(a)

.

3.00%

Annual

1-day

SOFR

Annual

Deutsche

Bank

AG

09/30/25

3

.00

USD

235,152

(

156,364

)

30-Year

Interest

Rate

Swap

(a)

3.50%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

NA

10/30/25

3

.50

USD

78,497

(

254,429

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

50

OTC

Interest

Rate

Swaptions

Written

(continued)

Paid

by

the

Fund

Received

by

the

Fund

Description

Rate

Frequency

Rate

Frequency

Counterparty

Expiration

Date

Exercise

Rate

Notional

Amount

(000)

Value

30-Year

Interest

Rate

Swap

(a)

3.15%

Annual

1-day

SOFR

Annual

Goldman

Sachs

International

11/26/25

3

.15

%

USD

118,850

$

(

167,894

)

30-Year

Interest

Rate

Swap

(a)

3.25%

Annual

1-day

SOFR

Annual

Morgan

Stanley

&

Co.

International

plc

01/14/26

3

.25

USD

17,274

(

71,832

)

30-Year

Interest

Rate

Swap

(a)

3.50%

Annual

1-day

SOFR

Annual

Morgan

Stanley

&

Co.

International

plc

01/14/26

3

.50

USD

34,550

(

307,517

)

1-Year

Interest

Rate

Swap

(a)

.

3.10%

At

Termination

1-day

SONIA

At

Termination

Morgan

Stanley

&

Co.

International

plc

04/22/26

3

.10

GBP

914,097

(

1,024,415

)

1-Year

Interest

Rate

Swap

(a)

.

2.80%

At

Termination

1-day

SONIA

At

Termination

Morgan

Stanley

&

Co.

International

plc

05/01/26

2

.80

GBP

1,128,515

(

716,606

)

(

3,892,291

)

Put

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.80%

Annual

JPMorgan

Chase

Bank

NA

08/04/25

3

.80

USD

25,415

(

181

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.75%

Annual

Citibank

NA

09/08/25

3

.75

USD

588,655

(

719,680

)

2-Year

Interest

Rate

Swap

(a)

.

6-mo.

EURIBOR

Semi-Annual

2.15%

Annual

JPMorgan

Chase

Bank

NA

09/10/25

2

.15

EUR

401,890

(

362,244

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.90%

Annual

BNP

Paribas

SA

09/22/25

3

.90

USD

310,327

(

174,826

)

5-Year

Interest

Rate

Swap

(a)

.

6-mo.

EURIBOR

Semi-Annual

2.50%

Annual

Deutsche

Bank

AG

09/25/25

2

.50

EUR

116,205

(

235,343

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.80%

Annual

Deutsche

Bank

AG

10/08/25

3

.80

USD

781,400

(

962,933

)

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.90%

Annual

Barclays

Bank

plc

10/15/25

3

.90

USD

43,230

(

79,087

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.80%

Annual

JPMorgan

Chase

Bank

NA

10/30/25

3

.80

USD

392,485

(

557,396

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.87%

Annual

JPMorgan

Chase

Bank

NA

10/31/25

3

.87

USD

39,444

(

40,627

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.80%

Annual

Citibank

NA

11/06/25

3

.80

USD

471,441

(

695,926

)

5-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

4.10%

Annual

Deutsche

Bank

AG

11/06/25

4

.10

USD

131,464

(

149,807

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.95%

Annual

Nomura

International

plc

11/10/25

3

.95

USD

105,297

(

83,247

)

2-Year

Interest

Rate

Swap

(a)

.

1-day

SOFR

Annual

3.90%

Annual

Goldman

Sachs

International

01/23/26

3

.90

USD

311,975

(

476,055

)

1-Year

Interest

Rate

Swap

(a)

.

1-day

SONIA

At

Termination

4.20%

At

Termination

Morgan

Stanley

&

Co.

International

plc

04/22/26

4

.20

GBP

914,097

(

407,171

)

1-Year

Interest

Rate

Swap

(a)

.

1-day

SONIA

At

Termination

4.10%

At

Termination

Morgan

Stanley

&

Co.

International

plc

05/01/26

4

.10

GBP

1,128,515

(

749,893

)

(

5,694,416

)

$

(

9,586,707

)

(a)

Forward

settling

swaption.

Interest

Rate

Caps

Sold

Description

Exercise

Rate

Counterparty

Expiration

Date

Notional

Amount

(000)

Value

Premiums

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

5Y-30Y

CMS

Index

Cap

....

0

.01

%

Deutsche

Bank

AG

09/02/25

USD

1,408,240

$

(

60,274

)

$

(

654,832

)

$

594,558

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)

Avis

Budget

Car

Rental

LLC

............

5

.00

%

Quarterly

12/20/26

USD

12,271

$

(

634,100

)

$

(

490,962

)

$

(

143,138

)

Markit

CDX

North

American

Investment

Grade

Index

Series

39.V1

................

1

.00

Quarterly

12/20/27

USD

5,479

(

96,469

)

(

3,814

)

(

92,655

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

51

Centrally

Cleared

Credit

Default

Swaps

—

Buy

Protection

(continued)

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

High

Yield

Index

Series

44.V1

.....................

5

.00

%

Quarterly

06/20/30

USD

5,620

$

(

438,676

)

$

(

428,368

)

$

(

10,308

)

Markit

CDX

North

American

Investment

Grade

Index

Series

44.V1

................

1

.00

Quarterly

06/20/30

USD

103,346

(

2,358,444

)

(

2,279,037

)

(

79,407

)

$

(

3,527,689

)

$

(

3,202,181

)

$

(

325,508

)

Centrally

Cleared

Credit

Defa

ul

t

Swaps

—

Sell

Protection

Reference

Obligation/Index

Financing

Rate

Received

by

the

Fund

Payment

Frequency

Termination

Date

Credit

Rating

(a)

Notional

Amount

(000)

(b)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Markit

CDX

North

American

High

Yield

Index

Series

39.V4

...........

5

.00

%

Quarterly

12/20/27

A-

USD

21,615

$

1,448,100

$

(

204,236

)

$

1,652,336

Markit

CDX

North

American

High

Yield

Index

Series

41.V2

...........

5

.00

Quarterly

12/20/28

A-

USD

31,965

2,466,674

820,111

1,646,563

iTraxx

Europe

Crossover

Index

Series

42.V2

..

5

.00

Quarterly

12/20/29

A-

EUR

96,318

10,938,626

7,849,013

3,089,613

iTraxx

Europe

Crossover

Index

Series

43.V1

..

5

.00

Quarterly

06/20/30

BB-

EUR

1,583

187,496

152,624

34,872

$

15,040,896

$

8,617,512

$

6,423,384

(a)

Using

the

rating

of

the

issuer

or

the

underlying

securities

of

the

index,

as

applicable,

provided

by

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

a

negative

credit

event

take

place

as

defined

under

the

terms

of

the

agreement.

Centrally

Cleared

Interest

Rate

Swap

s

Paid

by

the

Fund

Received

by

the

Fund

Rate

Frequency

Rate

Frequency

Effective

Date

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

1-day

EFFR

At

Termination

4.24%

At

Termination

N/A

07/30/25

USD

2,369,710

$

(

287,033

)

$

—

$

(

287,033

)

1-day

EFFR

At

Termination

4.28%

At

Termination

N/A

09/17/25

USD

1,261,900

76,302

—

76,302

1-day

EFFR

At

Termination

4.33%

At

Termination

N/A

09/17/25

USD

1,367,025

164,961

—

164,961

1-day

EFFR

At

Termination

4.18%

At

Termination

09/17/25

(a)

10/29/25

USD

2,653,637

(

194,280

)

—

(

194,280

)

9.31%

Monthly

1-day

MXIBTIIE

Monthly

N/A

01/09/26

MXN

273,906

(

106,302

)

—

(

106,302

)

1-day

MXIBTIIE

Monthly

8.47%

Monthly

N/A

02/25/26

MXN

484,352

123,407

—

123,407

0.28%

Annual

1-day

TONAR

Annual

N/A

03/09/26

JPY

26,882,219

468,152

—

468,152

8.02%

Quarterly

3-mo.

JIBAR

Quarterly

N/A

03/26/26

ZAR

199,538

(

75,205

)

—

(

75,205

)

1-day

SOFR

Annual

4.93%

Annual

N/A

04/26/26

USD

1,080,090

7,212,372

73,713

7,138,659

8.15%

Quarterly

3-mo.

JIBAR

Quarterly

N/A

05/07/26

ZAR

281,532

(

153,595

)

—

(

153,595

)

1-day

SOFR

Annual

4.50%

Annual

N/A

05/08/26

USD

238,166

617,214

—

617,214

1-day

MXIBTIIE

Monthly

7.73%

Monthly

N/A

05/11/26

MXN

150,109

5,357

—

5,357

7.73%

Monthly

1-day

MXIBTIIE

Monthly

N/A

06/19/26

MXN

294,182

(

15,194

)

—

(

15,194

)

1-day

SOFR

Annual

4.35%

Annual

N/A

07/22/26

USD

102,378

250,121

—

250,121

6.94%

Quarterly

3-mo.

JIBAR

Quarterly

09/17/25

(a)

09/17/26

ZAR

229,465

(

1,171

)

—

(

1,171

)

4.21%

At

Termination

3-mo.

WIBOR

Quarterly

09/17/25

(a)

09/17/26

PLN

19,929

4,711

—

4,711

5.24%

Annual

6-mo.

WIBOR

Semi-Annual

N/A

09/19/26

PLN

44,287

(

64,786

)

—

(

64,786

)

6.92%

Quarterly

3-mo.

JIBAR

Quarterly

09/23/25

(a)

09/23/26

ZAR

28,851

196

—

196

1-day

SOFR

Annual

4.00%

Annual

N/A

10/28/26

USD

370,972

(

1,235,664

)

—

(

1,235,664

)

1-day

MXIBTIIE

Monthly

9.26%

Monthly

N/A

11/18/26

MXN

2,409,360

2,804,026

—

2,804,026

1-day

SOFR

Annual

4.07%

Annual

N/A

01/14/27

USD

341,295

255,943

—

255,943

6-mo.

BUBOR

Semi-Annual

6.50%

Annual

N/A

03/19/27

HUF

1,223,390

4,633

—

4,633

7.25%

Quarterly

3-mo.

JIBAR

Quarterly

N/A

03/19/27

ZAR

108,319

(

30,181

)

—

(

30,181

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

52

Centrally

Cleared

Interest

Rate

Swaps

(continued)

Paid

by

the

Fund

Received

by

the

Fund

Rate

Frequency

Rate

Frequency

Effective

Date

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

5.13%

Annual

6-mo.

WIBOR

Semi-Annual

N/A

03/19/27

PLN

21,980

$

(

55,668

)

$

—

$

(

55,668

)

5.14%

Annual

6-mo.

WIBOR

Semi-Annual

N/A

03/19/27

PLN

36,634

(

95,198

)

—

(

95,198

)

1-day

MIBOR

Semi-Annual

6.34%

Semi-Annual

N/A

03/20/27

INR

1,888,562

333,709

—

333,709

3.88%

Annual

1-day

SOFR

Annual

N/A

03/20/27

USD

8,495

7,483

838

6,645

1-day

SOFR

Annual

4.73%

Annual

N/A

04/26/27

USD

1,289,442

21,380,945

405,619

20,975,326

1-day

SOFR

Annual

4.10%

Annual

N/A

05/30/27

USD

282,111

1,519,746

—

1,519,746

1-day

SOFR

Annual

4.15%

Annual

N/A

05/30/27

USD

282,111

1,790,688

—

1,790,688

6-mo.

BUBOR

Semi-Annual

5.68%

Annual

09/17/25

(a)

09/17/27

HUF

1,707,025

(

53,364

)

—

(

53,364

)

6-mo.

BUBOR

Semi-Annual

5.76%

Annual

09/17/25

(a)

09/17/27

HUF

2,570,000

(

69,674

)

—

(

69,674

)

6.99%

Quarterly

3-mo.

JIBAR

Quarterly

09/17/25

(a)

09/17/27

ZAR

48,743

(

6,187

)

—

(

6,187

)

3.97%

Annual

6-mo.

WIBOR

Semi-Annual

09/17/25

(a)

09/17/27

PLN

26,376

19,431

—

19,431

1-day

SOFR

Annual

4.20%

Annual

10/23/25

(a)

10/23/27

USD

95,676

1,117,562

—

1,117,562

1-day

SOFR

Annual

4.00%

Annual

01/26/26

(a)

01/26/28

USD

228,623

2,268,938

—

2,268,938

3.45%

Annual

1-day

SOFR

Annual

01/26/26

(a)

01/26/28

USD

228,623

99,718

—

99,718

3.27%

Annual

1-day

SOFR

Annual

02/05/26

(a)

02/05/28

USD

230,191

818,678

—

818,678

1-day

SONIA

At

Termination

3.18%

At

Termination

02/10/27

(a)

02/10/28

GBP

849,941

(

4,031,743

)

—

(

4,031,743

)

1-day

SONIA

Annual

4.86%

Annual

N/A

06/20/28

GBP

62,860

2,738,456

—

2,738,456

3-mo.

CD_KSDA

Quarterly

2.40%

Quarterly

09/17/25

(a)

09/17/28

KRW

21,116,582

(

6,316

)

—

(

6,316

)

3-mo.

CD_KSDA

Quarterly

2.40%

Quarterly

09/17/25

(a)

09/17/28

KRW

16,738,041

(

6,233

)

—

(

6,233

)

1-day

MIBOR

Semi-Annual

5.54%

Semi-Annual

09/17/25

(a)

09/17/28

INR

937,741

(

7,389

)

—

(

7,389

)

1-day

MIBOR

Semi-Annual

5.54%

Semi-Annual

09/17/25

(a)

09/17/28

INR

1,875,764

(

16,675

)

—

(

16,675

)

1-day

SONIA

Annual

4.12%

Annual

N/A

11/17/28

GBP

57,731

837,677

—

837,677

1-day

SONIA

Annual

4.12%

Annual

N/A

11/21/28

GBP

57,649

845,855

—

845,855

6-mo.

EURIBOR

Semi-Annual

3.00%

Annual

N/A

03/05/29

EUR

148,633

4,764,999

—

4,764,999

1-day

MIBOR

Semi-Annual

6.26%

Semi-Annual

N/A

03/20/29

INR

584,406

149,927

—

149,927

1-day

MIBOR

Semi-Annual

6.30%

Semi-Annual

N/A

03/20/29

INR

714,274

194,315

—

194,315

1-day

SOFR

Annual

4.50%

Annual

N/A

04/26/29

USD

1,720,423

55,977,768

1,442,645

54,535,123

6-mo.

EURIBOR

Semi-Annual

2.90%

Annual

N/A

04/30/29

EUR

165,249

4,635,085

—

4,635,085

1-day

SOFR

Annual

4.00%

Annual

N/A

05/06/29

USD

235,522

3,288,379

—

3,288,379

6-mo.

EURIBOR

Semi-Annual

2.87%

Annual

N/A

06/11/29

EUR

119,586

3,165,628

—

3,165,628

1-day

SOFR

Annual

3.66%

Annual

N/A

10/10/29

USD

115,310

(

418,887

)

—

(

418,887

)

1-day

MXIBTIIE

Monthly

9.04%

Monthly

N/A

11/14/29

MXN

831,130

2,103,730

—

2,103,730

8.97%

Monthly

1-day

MXIBTIIE

Monthly

N/A

12/14/29

MXN

57,803

(

139,313

)

—

(

139,313

)

1-day

SONIA

Annual

4.00%

Annual

N/A

01/16/30

GBP

128,989

1,598,662

—

1,598,662

1-day

SOFR

Annual

4.00%

Annual

N/A

01/23/30

USD

128,989

1,963,656

—

1,963,656

6-mo.

EURIBOR

Semi-Annual

2.42%

Annual

N/A

01/31/30

EUR

2,181

39,273

544

38,729

6-mo.

EURIBOR

Semi-Annual

2.63%

Annual

N/A

01/31/30

EUR

2,955

62,252

63,733

(

1,481

)

6-mo.

EURIBOR

Semi-Annual

2.43%

Annual

N/A

02/03/30

EUR

4,385

17,374

9,811

7,563

8.65%

Monthly

1-day

MXIBTIIE

Monthly

N/A

02/07/30

MXN

62,093

(

110,890

)

—

(

110,890

)

1-day

SOFR

Annual

3.23%

Annual

N/A

02/19/30

USD

128,318

(

2,577,231

)

—

(

2,577,231

)

1-day

SOFR

Annual

3.90%

Annual

N/A

02/24/30

USD

111,573

1,255,406

—

1,255,406

6-mo.

PRIBOR

Semi-Annual

3.46%

Annual

N/A

03/19/30

CZK

114,863

(

93,202

)

—

(

93,202

)

6-mo.

WIBOR

Semi-Annual

4.94%

Annual

N/A

03/19/30

PLN

14,416

102,911

—

102,911

6-mo.

BUBOR

Semi-Annual

6.55%

Annual

N/A

03/19/30

HUF

490,037

9,149

—

9,149

7.94%

Quarterly

3-mo.

JIBAR

Quarterly

N/A

03/19/30

ZAR

202,269

(

348,312

)

—

(

348,312

)

7.73%

Monthly

1-day

MXIBTIIE

Monthly

N/A

05/06/30

MXN

27,942

5,240

—

5,240

6-mo.

EURIBOR

Semi-Annual

2.20%

Annual

N/A

06/04/30

EUR

30,244

(

230,672

)

—

(

230,672

)

1-day

MXIBTIIE

Monthly

7.82%

Monthly

N/A

06/07/30

MXN

56,067

364

—

364

6-mo.

PRIBOR

Semi-Annual

3.56%

Annual

N/A

06/18/30

CZK

29,039

(

18,107

)

—

(

18,107

)

6-mo.

PRIBOR

Semi-Annual

3.66%

Annual

N/A

06/18/30

CZK

46,231

(

18,906

)

5,352

(

24,258

)

1-day

MXIBTIIE

Monthly

7.72%

Monthly

N/A

06/24/30

MXN

36,084

(

8,013

)

—

(

8,013

)

1-week

CNREPOFIX_

CFXS

Quarterly

1.45%

Quarterly

09/17/25

(a)

09/17/30

CNY

67,043

(

54,645

)

—

(

54,645

)

6-mo.

PRIBOR

Semi-Annual

3.41%

Annual

09/17/25

(a)

09/17/30

CZK

85,560

(

86,307

)

—

(

86,307

)

6-mo.

PRIBOR

Semi-Annual

3.55%

Annual

09/17/25

(a)

09/17/30

CZK

112,382

(

78,927

)

—

(

78,927

)

6-mo.

WIBOR

Semi-Annual

4.04%

Annual

09/17/25

(a)

09/17/30

PLN

14,814

(

26,497

)

—

(

26,497

)

6-mo.

BUBOR

Semi-Annual

5.96%

Annual

09/17/25

(a)

09/17/30

HUF

220,516

(

11,504

)

—

(

11,504

)

7.60%

Quarterly

3-mo.

JIBAR

Quarterly

09/17/25

(a)

09/17/30

ZAR

91,021

(

71,041

)

—

(

71,041

)

7.77%

Quarterly

3-mo.

JIBAR

Quarterly

09/17/25

(a)

09/17/30

ZAR

107,580

(

126,150

)

—

(

126,150

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

53

Centrally

Cleared

Interest

Rate

Swaps

(continued)

Paid

by

the

Fund

Received

by

the

Fund

Rate

Frequency

Rate

Frequency

Effective

Date

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

0.02%

Annual

6-mo.

EURIBOR

Semi-Annual

N/A

08/26/31

EUR

103,788

$

17,415,920

$

—

$

17,415,920

1-day

ESTR

Annual

2.34%

Annual

01/19/28

(a)

01/19/33

EUR

74,318

(

833,820

)

—

(

833,820

)

3-mo.

JIBAR

Quarterly

9.90%

Quarterly

N/A

09/20/33

ZAR

138,336

936,778

—

936,778

3-mo.

JIBAR

Quarterly

9.90%

Quarterly

N/A

09/20/33

ZAR

276,671

1,872,610

—

1,872,610

3-mo.

JIBAR

Quarterly

9.92%

Quarterly

N/A

09/20/33

ZAR

138,336

946,937

—

946,937

1-day

MIBOR

Semi-Annual

6.34%

Semi-Annual

N/A

03/20/34

INR

240,200

93,587

—

93,587

1-day

MIBOR

Semi-Annual

6.35%

Semi-Annual

N/A

03/20/34

INR

240,200

95,495

—

95,495

1-day

SOFR

Annual

4.35%

Annual

N/A

04/26/34

USD

1,281,638

55,299,279

2,073,165

53,226,114

1-day

SOFR

Annual

3.66%

Annual

N/A

10/10/34

USD

77,654

(

1,354,864

)

—

(

1,354,864

)

1-day

SOFR

Annual

3.67%

Annual

N/A

12/26/34

USD

133,331

(

2,031,187

)

—

(

2,031,187

)

1-day

SOFR

Annual

3.70%

Annual

N/A

01/06/35

USD

104,391

(

1,315,232

)

—

(

1,315,232

)

1-day

SOFR

Annual

3.75%

Annual

N/A

03/27/35

USD

103,294

(

802,983

)

—

(

802,983

)

1-day

SOFR

Annual

3.75%

Annual

N/A

07/09/35

USD

52,089

(

370,807

)

—

(

370,807

)

1-day

THOR

Quarterly

1.61%

Quarterly

09/17/25

(a)

09/17/35

THB

31,611

(

47

)

—

(

47

)

3.46%

Annual

1-day

SOFR

Annual

12/15/26

(a)

12/15/36

USD

46,302

1,587,788

—

1,587,788

4.25%

Annual

1-day

SOFR

Annual

N/A

09/29/43

USD

16,230

(

294,062

)

9,714

(

303,776

)

3.65%

Annual

1-day

SOFR

Annual

N/A

11/03/53

USD

50,072

3,811,472

—

3,811,472

1-day

TONAR

Annual

1.45%

Annual

N/A

03/06/54

JPY

2,733,675

(

3,507,988

)

—

(

3,507,988

)

1-day

TONAR

Annual

1.45%

Annual

N/A

03/11/54

JPY

2,733,675

(

3,504,698

)

—

(

3,504,698

)

1-day

SOFR

Annual

4.07%

Annual

N/A

04/26/54

USD

49,926

37,164

206,138

(

168,974

)

3.65%

Annual

1-day

SOFR

Annual

N/A

11/02/54

USD

464,907

35,138,608

129,743

35,008,865

1-day

SONIA

Annual

4.10%

Annual

N/A

11/07/54

GBP

47,000

(

4,699,952

)

216,096

(

4,916,048

)

$

212,689,935

$

4,637,111

$

208,052,824

(a)

Forward

swap.

Centrally

Cleared

Inflation

Swap

s

Paid

by

the

Fund

Received

by

the

Fund

Reference

Frequency

Rate

Frequency

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Harmonised

Index

of

Consumer

Prices

ex.

Tobacco

All

Items

Monthly

At

Termination

2.69%

At

Termination

08/15/32

EUR

14,565

$

523,800

$

—

$

523,800

OTC

Credit

Default

Swap

s

—

Buy

Protection

Reference

Obligation/Index

Financing

Rate

Paid

by

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Hertz

Corp.

(The)

..........

5

.00

%

Quarterly

JPMorgan

Chase

Bank

NA

12/20/25

USD

370

$

6,163

$

9,931

$

(

3,768

)

Community

Health

Systems,

Inc.

5

.00

Quarterly

Goldman

Sachs

International

06/20/26

USD

320

(

267

)

10,208

(

10,475

)

Community

Health

Systems,

Inc.

5

.00

Quarterly

Goldman

Sachs

International

06/20/26

USD

475

(

396

)

19,645

(

20,041

)

BorgWarner,

Inc.

..........

1

.00

Quarterly

BNP

Paribas

SA

12/20/27

USD

1,330

(

22,257

)

8,810

(

31,067

)

Pitney

Bowes,

Inc.

.........

1

.00

Quarterly

Barclays

Bank

plc

12/20/27

USD

480

(

777

)

59,592

(

60,369

)

Pitney

Bowes,

Inc.

.........

1

.00

Quarterly

Citibank

NA

12/20/27

USD

270

(

437

)

35,282

(

35,719

)

Pitney

Bowes,

Inc.

.........

1

.00

Quarterly

Citibank

NA

12/20/27

USD

400

(

648

)

53,796

(

54,444

)

Pitney

Bowes,

Inc.

.........

1

.00

Quarterly

Goldman

Sachs

International

12/20/27

USD

675

(

1,093

)

86,119

(

87,212

)

Pitney

Bowes,

Inc.

.........

1

.00

Quarterly

Goldman

Sachs

International

12/20/27

USD

490

(

793

)

60,868

(

61,661

)

Xerox

Corp.

.............

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

12/20/27

USD

790

184,649

44,180

140,469

Paramount

Global

.........

1

.00

Quarterly

Barclays

Bank

plc

06/20/28

USD

425

(

6,127

)

10,388

(

16,515

)

Paramount

Global

.........

1

.00

Quarterly

Barclays

Bank

plc

06/20/28

USD

395

(

5,698

)

9,661

(

15,359

)

Simon

Property

Group

LP

....

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/28

USD

4,065

(

75,710

)

53,985

(

129,695

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

54

OTC

Credit

Default

Swaps

—

Buy

Protection

(continued)

Reference

Obligation/Index

Financing

Rate

Paid

by

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

UBS

Group

AG

...........

1

.00

%

Quarterly

JPMorgan

Chase

Bank

NA

06/20/28

EUR

7,200

$

(

177,550

)

$

138,262

$

(

315,812

)

Boeing

Co.

(The)

..........

1

.00

Quarterly

Deutsche

Bank

AG

12/20/28

USD

8,100

(

133,385

)

(

26,876

)

(

106,509

)

Boeing

Co.

(The)

..........

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/29

USD

8,100

(

140,620

)

75,599

(

216,219

)

DXC

Technology

Co.

.......

5

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/29

USD

1,385

(

208,669

)

(

136,550

)

(

72,119

)

DXC

Technology

Co.

.......

5

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/29

USD

692

(

104,259

)

(

60,300

)

(

43,959

)

Deutsche

Bank

AG

.........

1

.00

Quarterly

BNP

Paribas

SA

12/20/29

EUR

3,917

(

68,391

)

(

22,210

)

(

46,181

)

Intesa

Sanpaolo

SpA

.......

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

12/20/29

EUR

3,779

(

40,107

)

—

(

40,107

)

Telecom

Italia

SpA

.........

1

.00

Quarterly

Goldman

Sachs

International

12/20/29

EUR

1,700

7,597

73,001

(

65,404

)

Ally

Financial,

Inc.

.........

5

.00

Quarterly

Goldman

Sachs

International

06/20/30

USD

2,355

(

397,181

)

(

335,980

)

(

61,201

)

Intesa

Sanpaolo

SpA

.......

1

.00

Quarterly

BNP

Paribas

SA

06/20/30

EUR

4,187

(

138,449

)

(

87,245

)

(

51,204

)

Occidental

Petroleum

Corp.

...

1

.00

Quarterly

Deutsche

Bank

AG

06/20/30

USD

1,430

(

7,647

)

(

3,708

)

(

3,939

)

Republic

of

Panama

........

1

.00

Quarterly

Morgan

Stanley

&

Co.

International

plc

06/20/30

USD

565

17,777

25,756

(

7,979

)

Simon

Property

Group

LP

....

1

.00

Quarterly

BNP

Paribas

SA

06/20/30

USD

1,130

(

22,779

)

(

5,901

)

(

16,878

)

Southwest

Airlines

Co.

......

1

.00

Quarterly

Goldman

Sachs

International

06/20/30

USD

5,680

(

3,628

)

34,013

(

37,641

)

$

–

$

–

$

–

$

(

1,340,682

)

$

130,326

$

(

1,471,008

)

$

–

$

–

$

–

OTC

Credit

Default

Swap

s

—

Sell

Protection

Reference

Obligation/Index

Financing

Rate

Received

by

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Credit

Rating

(a)

Notional

Amount

(000)

(b)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Vistra

Operations

Co.

LLC

5

.00

%

Quarterly

JPMorgan

Chase

Bank

NA

12/20/25

BB+

USD

2,125

$

50,519

$

14,529

$

35,990

Altice

France

SA

......

5

.00

Quarterly

Deutsche

Bank

AG

12/20/29

D

EUR

2,841

(

358,653

)

(

475,350

)

116,697

Eutelsat

SA

..........

5

.00

Quarterly

Deutsche

Bank

AG

12/20/29

B

EUR

979

106,410

(

87,291

)

193,701

Forvia

SE

...........

5

.00

Quarterly

Goldman

Sachs

International

12/20/29

BB-

EUR

992

107,913

62,240

45,673

Hannover

Rueck

SE

....

1

.00

Quarterly

BNP

Paribas

SA

12/20/29

A+

EUR

1,958

28,236

10,785

17,451

iTraxx

Europe

Crossover

Index

Series

42.V2

20-

35%

............

5

.00

Quarterly

BNP

Paribas

SA

12/20/29

A+

EUR

6,475

1,030,223

760,662

269,561

Muenchener

Rueckversicherungs-

Gesellschaft

AG

....

1

.00

Quarterly

BNP

Paribas

SA

12/20/29

A+

EUR

1,958

29,237

11,201

18,036

Swedbank

AB

........

1

.00

Quarterly

JPMorgan

Chase

Bank

NA

12/20/29

AA-

EUR

3,779

26,477

(

9,967

)

36,444

Vistra

Operations

Co.

LLC

5

.00

Quarterly

Citibank

NA

12/20/29

BB+

USD

735

127,715

115,776

11,939

Vistra

Operations

Co.

LLC

5

.00

Quarterly

JPMorgan

Chase

Bank

NA

12/20/29

BB+

USD

385

66,898

57,339

9,559

AXA

SA

............

1

.00

Quarterly

BNP

Paribas

SA

06/20/30

A+

EUR

4,187

132,786

85,028

47,758

Eutelsat

SA

..........

5

.00

Quarterly

JPMorgan

Chase

Bank

NA

06/20/30

B

EUR

1,044

113,595

32,961

80,634

$

1,461,356

$

577,913

$

883,443

(a)

Using

the

rating

of

the

issuer

or

the

underlying

securities

of

the

index,

as

applicable,

provided

by

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

a

negative

credit

event

take

place

as

defined

under

the

terms

of

the

agreement.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

55

OTC

Interest

Rate

Swaps

Paid

by

the

Fund

Received

by

the

Fund

Rate

Frequency

Rate

Frequency

Counterparty

Effective

Date

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

14.18%

At

Termination

1-day

BZDIOVER

At

Termination

Barclays

Bank

plc

N/A

01/02/26

BRL

34,502

$

(

3,907

)

$

—

$

(

3,907

)

14.79%

At

Termination

1-day

BZDIOVER

At

Termination

Barclays

Bank

plc

N/A

01/02/26

BRL

15,526

1,336

—

1,336

8.07%

At

Termination

1-day

IBR

At

Termination

Barclays

Bank

plc

09/17/25

(a)

09/17/26

COP

596,422

567

—

567

7.25%

Quarterly

1-day

IBR

Quarterly

Barclays

Bank

plc

N/A

09/25/26

COP

1,325,382

4,130

—

4,130

1-day

BZDIOVER

At

Termination

10.00%

At

Termination

Bank

of

America

NA

N/A

01/04/27

BRL

138,239

(

2,704,926

)

—

(

2,704,926

)

1-day

BZDIOVER

At

Termination

10.07%

At

Termination

BNP

Paribas

SA

N/A

01/04/27

BRL

122,264

(

2,403,466

)

—

(

2,403,466

)

1-day

BZDIOVER

At

Termination

10.16%

At

Termination

BNP

Paribas

SA

N/A

01/04/27

BRL

928

(

17,748

)

—

(

17,748

)

1-day

BZDIOVER

At

Termination

10.16%

At

Termination

BNP

Paribas

SA

N/A

01/04/27

BRL

166,281

(

3,177,313

)

—

(

3,177,313

)

1-day

BZDIOVER

At

Termination

10.16%

At

Termination

Bank

of

America

NA

N/A

01/04/27

BRL

173,308

(

3,314,423

)

—

(

3,314,423

)

1-day

BZDIOVER

At

Termination

9.77%

At

Termination

Citibank

NA

N/A

01/04/27

BRL

29,794

(

533,843

)

—

(

533,843

)

1-day

BZDIOVER

At

Termination

13.09%

At

Termination

JPMorgan

Chase

Bank

NA

N/A

01/02/29

BRL

556,755

(

1,329,969

)

—

(

1,329,969

)

1-day

BZDIOVER

At

Termination

13.33%

At

Termination

Barclays

Bank

plc

N/A

01/02/29

BRL

6,394

(

8,754

)

—

(

8,754

)

1-day

BZDIOVER

At

Termination

13.34%

At

Termination

Barclays

Bank

plc

N/A

01/02/29

BRL

29,038

(

30,754

)

—

(

30,754

)

1-day

BZDIOVER

At

Termination

14.03%

At

Termination

Barclays

Bank

plc

N/A

01/02/29

BRL

14,208

52,407

—

52,407

8.64%

Quarterly

1-day

IBR

Quarterly

Morgan

Stanley

&

Co.

International

plc

N/A

04/04/30

COP

24,294,865

(

18,700

)

—

(

18,700

)

8.23%

Quarterly

1-day

IBR

Quarterly

Barclays

Bank

plc

09/17/25

(a)

09/17/30

COP

21,479,850

79,674

—

79,674

8.34%

Quarterly

1-day

IBR

Quarterly

Morgan

Stanley

&

Co.

International

plc

09/17/25

(a)

09/17/30

COP

23,438,136

61,823

—

61,823

1-day

BZDIOVER

At

Termination

13.04%

At

Termination

Barclays

Bank

plc

N/A

01/02/31

BRL

18,852

(

96,373

)

—

(

96,373

)

$

(

13,440,239

)

$

—

$

(

13,440,239

)

(a)

Forward

swap.

OTC

Total

Return

Swap

s

-

Future

Reference

Entity

Fixed

Amount

Paid

/

(Received)

by

the

Fund

(a)

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

KOSPI

200

Index

Futures

September

2025

........

KRW

23,085,755,000

Citibank

NA

09/11/25

KRW

23,085,755

$

720,180

$

—

$

720,180

(a)

At

termination,

the

fixed

amount

paid

(received)

will

be

exchanged

for

the

total

return

of

the

reference

entity.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

56

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)

3-mo.

CD_KSDA

minus

1.90%

.........

At

Termination

KOSPI

200

Index

Futures

September

2025

At

Termination

BNP

Paribas

SA

09/17/25

KRW

34,296,617

$

1,337,762

$

—

$

1,337,762

1-day

SOFR

minus

0.40%

.........

Quarterly

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

Quarterly

JPMorgan

Chase

Bank

NA

09/19/25

USD

354

221,609

—

221,609

1-day

SOFR

minus

0.50%

.........

At

Termination

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

At

Termination

BNP

Paribas

SA

09/19/25

USD

367

(

18,014

)

—

(

18,014

)

1-day

SOFR

minus

0.50%

.........

At

Termination

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

At

Termination

BNP

Paribas

SA

09/19/25

USD

183

(

5,271

)

—

(

5,271

)

1-day

SOFR

minus

0.50%

.........

At

Termination

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

At

Termination

JPMorgan

Chase

Bank

NA

09/19/25

USD

100

96,407

—

96,407

1-day

SOFR

minus

0.55%

.........

At

Termination

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

At

Termination

Goldman

Sachs

International

09/19/25

USD

267

170,694

—

170,694

1-day

SOFR

minus

0.65%

.........

Quarterly

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

Quarterly

BNP

Paribas

SA

09/19/25

USD

479

309,980

—

309,980

1-day

SOFR

plus

0.10%

At

Termination

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

At

Termination

BNP

Paribas

SA

09/19/25

USD

171

74,420

—

74,420

1-day

SOFR

plus

0.10%

At

Termination

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

At

Termination

JPMorgan

Chase

Bank

NA

09/19/25

USD

645

191,427

—

191,427

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

At

Termination

1-day

SOFR

minus

0.65%

At

Termination

Goldman

Sachs

International

09/19/25

USD

304

(

331,763

)

—

(

331,763

)

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

At

Termination

1-day

SOFR

minus

0.65%

Quarterly

JPMorgan

Chase

Bank

NA

09/19/25

USD

434

(

496,196

)

—

(

496,196

)

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

At

Termination

1-day

SOFR

minus

0.75%

At

Termination

Goldman

Sachs

International

09/19/25

USD

509

(

642,847

)

—

(

642,847

)

0.00%

...........

Quarterly

Citi

Equity

US

1W

Volatility

Carry

Index

Quarterly

Citibank

NA

12/19/25

USD

1,156

13,394

—

13,394

0.00%

...........

Quarterly

DB

Variable

Notional

Long-

Short

Cross-

Currency

Carry

Index

v8

Quarterly

Deutsche

Bank

AG

12/19/25

USD

807

16,017

—

16,017

0.00%

...........

Quarterly

Goldman

Sachs

Systematic

Skew

US

Series

I1D

Excess

Return

Index

Quarterly

Goldman

Sachs

International

12/19/25

USD

487

2,699

—

2,699

0.00%

...........

Quarterly

Goldman

Sachs

TY

Weekly

Volatility

Carry

Index

Quarterly

Goldman

Sachs

International

12/19/25

USD

681

6,121

—

6,121

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

57

OTC

Total

Return

Swaps

(continued)

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)

0.00%

...........

Quarterly

J.P.

Morgan

EM

FX

Volatility

Carry

Index

Quarterly

JPMorgan

Chase

Bank

NA

12/19/25

USD

818

$

12,351

$

—

$

12,351

$

958,790

$

—

$

958,790

Equity

Swap

Contracts

Reference

Entity

Counterparty

Notional

Amount

Termination

Date

Spread

Reference

Rate

Payment

Frequency

Value/Unrealized

Appreciation

(Depreciation)

Long

contracts

(a)

Adyen

NV

.................

JPMorgan

Chase

Bank

NA

USD

15,560,801

02/11/26

0.26%

1D

OBFR01

Monthly

$

(

963,142

)

AMC

Networks,

Inc.

..........

Barclays

Bank

plc

514,974

08/23/26

0.20%

1D

OBFR01

Monthly

(

22,997

)

AMC

Networks,

Inc.

..........

JPMorgan

Chase

Bank

NA

1,069,566

02/09/26

0.20%

1D

OBFR01

Monthly

(

12,355

)

Derayah

Financial

Co.

........

JPMorgan

Chase

Bank

NA

650,958

02/11/26

0.75%

1D

OBFR01

Monthly

(

67,021

)

Eagle

Bancorp,

Inc.

..........

JPMorgan

Chase

Bank

NA

680,743

02/09/26

0.20%

1D

OBFR01

Monthly

(

161,390

)

Flagstar

Financial,

Inc.

........

JPMorgan

Chase

Bank

NA

3,270,782

02/09/26

0.20%

1D

OBFR01

Monthly

8,715

flynas

Co.

SJSC

............

JPMorgan

Chase

Bank

NA

2,151,879

02/11/26

0.75%

1D

OBFR01

Monthly

(

200,633

)

Iberdrola

SA

...............

JPMorgan

Chase

Bank

NA

3,272,153

02/11/26

0.26%

1D

OBFR01

Monthly

(

34,591

)

Informatica,

Inc.

.............

JPMorgan

Chase

Bank

NA

1,382,999

02/09/26

0.20%

1D

OBFR01

Monthly

20,455

Nice

One

Beauty

Digital

Marketing

Co.

...................

JPMorgan

Chase

Bank

NA

381,105

02/11/26

0.75%

1D

OBFR01

Monthly

(

44,116

)

Paramount

Global

...........

JPMorgan

Chase

Bank

NA

255,960

02/09/26

0.20%

1D

OBFR01

Monthly

(

1,216

)

Rasan

Information

Technology

Co.

JPMorgan

Chase

Bank

NA

4,219,221

02/11/26

0.75%

1D

OBFR01

Monthly

117,415

Talabat

Holding

plc

...........

JPMorgan

Chase

Bank

NA

2,694,659

02/11/26

0.75%

1D

OBFR01

Monthly

(

167,814

)

United

International

Holding

Co.

..

JPMorgan

Chase

Bank

NA

93,045

02/11/26

0.75%

1D

OBFR01

Monthly

(

1,115

)

Total

long

positions

of

equity

swaps

(

1,529,805

)

Short

contracts

(b)

ABN

AMRO

Bank

NV

.........

Citibank

NA

(

4,701,034

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

(

95,025

)

NEXTDC

Ltd.

..............

JPMorgan

Chase

Bank

NA

(

2,933,472

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

(

49,547

)

Nippon

Express

Holdings,

Inc.

...

Citibank

NA

(

147,955

)

02/26/26

(0.15)%

1D

OBFR01

Monthly

(

1,420

)

Northern

Star

Resources

Ltd.

....

JPMorgan

Chase

Bank

NA

(

1,967,070

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

183,191

Norwegian

Cruise

Line

Holdings

Ltd.

Citibank

NA

(

10,258,096

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

846,497

)

Novonesis

Novozymes

B

......

Citibank

NA

(

7,930,566

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

503,673

NU

Holdings

Ltd.

............

Citibank

NA

(

2,715,662

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

121,026

Oji

Holdings

Corp.

...........

Citibank

NA

(

3,030,971

)

02/26/26

(0.13)%

1D

OBFR01

Monthly

83,747

Ono

Pharmaceutical

Co.

Ltd.

....

Citibank

NA

(

3,671,234

)

02/26/26

(0.13)%

1D

OBFR01

Monthly

(

163,340

)

Neste

OYJ

................

Citibank

NA

(

4,886,485

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

(

133,263

)

ORLEN

SA

................

Citibank

NA

(

5,276,135

)

02/26/26

(0.50)%

1D

OBFR01

Monthly

361,720

Parker-Hannifin

Corp.

.........

Citibank

NA

(

7,713,891

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

115,243

)

Pentair

plc

................

Citibank

NA

(

4,919,280

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

123,647

Pernod

Ricard

SA

...........

Citibank

NA

(

8,523,887

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

720,958

POSCO

Future

M

Co.

Ltd.

......

Citibank

NA

(

1,215,222

)

02/25/26

(16.00)%

1D

OBFR01

Monthly

70,259

POSCO

Future

M

Co.

Ltd.

......

JPMorgan

Chase

Bank

NA

(

1,321,784

)

02/10/26

(18.00)%

1D

OBFR01

Monthly

(

157,970

)

Postal

Savings

Bank

of

China

Co.

Ltd.

...................

Citibank

NA

(

7,037,283

)

02/25/26

(0.30)%

1D

OBFR01

Monthly

274,104

Power

Corp.

of

Canada

.......

JPMorgan

Chase

Bank

NA

(

809,443

)

02/09/26

(0.25)%

1D

OBFR01

Monthly

(

46,937

)

PRIO

SA

.................

Citibank

NA

(

2,276,725

)

02/24/28

(0.30)%

1D

OBFR01

Monthly

23,258

Packaging

Corp.

of

America

....

Citibank

NA

(

5,994,673

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

336,979

Provident

Financial

Services,

Inc.

.

JPMorgan

Chase

Bank

NA

(

927,135

)

02/09/26

(0.15)%

1D

OBFR01

Monthly

25,245

NEC

Corp.

................

Citibank

NA

(

6,913,993

)

02/26/26

(0.12)%

1D

OBFR01

Monthly

(

434,403

)

Natura

Cosmeticos

SA

........

Citibank

NA

(

465,152

)

02/24/28

(0.40)%

1D

OBFR01

Monthly

5,847

KeyCorp

..................

Citibank

NA

(

2,850,781

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

123,823

Kobayashi

Pharmaceutical

Co.

Ltd.

Citibank

NA

(

1,442,418

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

(

10,001

)

Kobe

Bussan

Co.

Ltd.

.........

Citibank

NA

(

1,367,194

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

94,312

Kuaishou

Technology

.........

Citibank

NA

(

6,978,673

)

02/25/26

(0.19)%

1D

OBFR01

Monthly

(

359,016

)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

58

Equity

Swap

Contracts

(continued)

Reference

Entity

Counterparty

Notional

Amount

Termination

Date

Spread

Reference

Rate

Payment

Frequency

Value/Unrealized

Appreciation

(Depreciation)

Lamb

Weston

Holdings,

Inc.

....

Citibank

NA

USD

(

2,788,972

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

$

(

448,095

)

Lamb

Weston

Holdings,

Inc.

....

JPMorgan

Chase

Bank

NA

(

487,233

)

02/09/26

(0.15)%

1D

OBFR01

Monthly

(

44,032

)

LG

Energy

Solution

Ltd.

.......

Citibank

NA

(

2,041,047

)

02/25/26

(13.50)%

1D

OBFR01

Monthly

(

280,087

)

Li

Auto,

Inc.

...............

Citibank

NA

(

7,272,844

)

02/25/26

(0.17)%

1D

OBFR01

Monthly

1,080,464

Natura

Cosmeticos

SA

........

JPMorgan

Chase

Bank

NA

(

38,219

)

02/10/26

(5.05)%

1D

OBFR01

Monthly

5,747

LKQ

Corp.

................

Citibank

NA

(

6,887,728

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

1,612,745

Lynas

Rare

Earths

Ltd.

........

JPMorgan

Chase

Bank

NA

(

3,927,609

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

(

982,870

)

Marfrig

Global

Foods

SA

.......

Citibank

NA

(

1,564,436

)

02/24/28

(2.50)%

1D

OBFR01

Monthly

106,137

Marfrig

Global

Foods

SA

.......

JPMorgan

Chase

Bank

NA

(

1,806,843

)

02/10/26

(1.85)%

1D

OBFR01

Monthly

202,118

MatsukiyoCocokara

&

Co.

......

Citibank

NA

(

5,460,189

)

02/26/26

(0.25)%

1D

OBFR01

Monthly

273,126

Mercari,

Inc.

...............

Citibank

NA

(

6,589,009

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

481,891

Mercari,

Inc.

...............

JPMorgan

Chase

Bank

NA

(

1,094

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

163

Mineral

Resources

Ltd.

........

JPMorgan

Chase

Bank

NA

(

7,101,824

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

(

946,081

)

MMG

Ltd.

.................

Citibank

NA

(

3,997,311

)

02/25/26

(0.30)%

1D

OBFR01

Monthly

267,024

Localiza

Rent

a

Car

SA

........

JPMorgan

Chase

Bank

NA

(

112

)

02/10/26

(0.50)%

1D

OBFR01

Monthly

13

Kering

SA

.................

Citibank

NA

(

10,249,362

)

02/26/26

(0.04)%

1D

OBFR01

Monthly

(

333,895

)

Puma

SE

.................

Citibank

NA

(

450,333

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

28,705

Rakuten

Group,

Inc.

..........

JPMorgan

Chase

Bank

NA

(

69

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

3

Sumitomo

Metal

Mining

Co.

Ltd.

..

Citibank

NA

(

4,935,185

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

410,752

Super

Micro

Computer,

Inc.

.....

Citibank

NA

(

9,571,475

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

1,748,819

)

Svenska

Handelsbanken

AB

....

Citibank

NA

(

1,160,956

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

18,354

Swatch

Group

AG

(The)

.......

Citibank

NA

(

3,618,291

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

104,136

Swatch

Group

AG

(The)

.......

JPMorgan

Chase

Bank

NA

(

570,196

)

02/11/26

(0.26)%

1D

OBFR01

Monthly

13,272

Target

Corp.

...............

Citibank

NA

(

5,178,803

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

293,598

Teledyne

Technologies,

Inc.

.....

Citibank

NA

(

3,530,654

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

2,473

Teleperformance

SE

..........

Citibank

NA

(

2,820,819

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

58,504

SUMCO

Corp.

..............

JPMorgan

Chase

Bank

NA

(

52,935

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

(

1,029

)

Temenos

AG

(Registered)

......

Citibank

NA

(

4,469,967

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

(

920,415

)

Treasury

Wine

Estates

Ltd.

.....

JPMorgan

Chase

Bank

NA

(

3,034,320

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

243,320

Truist

Financial

Corp.

.........

Citibank

NA

(

1,892,201

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

71,679

Unimicron

Technology

Corp.

....

JPMorgan

Chase

Bank

NA

(

255,291

)

02/10/26

(1.50)%

1D

OBFR01

Monthly

(

12,527

)

VanEck

Semiconductor

ETF

....

Barclays

Bank

plc

(

6,550,904

)

08/23/26

(0.63)%

1D

OBFR01

Monthly

(

91,036

)

Vanguard

Intermediate-Term

Corporate

Bond

ETF

.......

JPMorgan

Chase

Bank

NA

(

15,676,817

)

02/09/26

(0.58)%

1D

OBFR01

Monthly

(

137,717

)

Wise

plc

..................

Citibank

NA

(

1,509,435

)

02/26/26

(0.25)%

1D

OBFR01

Monthly

32,291

Xinyi

Glass

Holdings

Ltd.

......

Citibank

NA

(

1,694,289

)

02/25/26

(0.73)%

1D

OBFR01

Monthly

106,173

Xinyi

Glass

Holdings

Ltd.

......

JPMorgan

Chase

Bank

NA

(

286,049

)

02/10/26

(0.75)%

1D

OBFR01

Monthly

9,664

Toyota

Industries

Corp.

........

Citibank

NA

(

6,995,801

)

02/26/26

(0.13)%

1D

OBFR01

Monthly

194,886

Quanta

Services,

Inc.

.........

Citibank

NA

(

1,987,226

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

28,803

)

SUMCO

Corp.

..............

Citibank

NA

(

2,810,903

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

75,187

Square

Enix

Holdings

Co.

Ltd.

...

JPMorgan

Chase

Bank

NA

(

3,488

)

02/10/26

(0.15)%

1D

OBFR01

Monthly

40

Renault

SA

................

Citibank

NA

(

1,791,157

)

02/26/26

0.00%

1D

OBFR01

Monthly

81,202

Sandoz

Group

AG

...........

Citibank

NA

(

14,654,540

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

277,815

Sapporo

Holdings

Ltd.

........

JPMorgan

Chase

Bank

NA

(

2,084,283

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

103,832

Sartorius

Stedim

Biotech

.......

JPMorgan

Chase

Bank

NA

(

2,943,475

)

02/11/26

(0.26)%

1D

OBFR01

Monthly

445,792

Sasol

Ltd.

.................

JPMorgan

Chase

Bank

NA

(

2,560,419

)

02/11/26

(0.40)%

1D

OBFR01

Monthly

(

15,169

)

SATS

Ltd.

.................

JPMorgan

Chase

Bank

NA

(

1,875,531

)

02/10/26

(0.30)%

1D

OBFR01

Monthly

(

28,437

)

SBI

Holdings,

Inc.

...........

Citibank

NA

(

620,078

)

02/26/26

(0.15)%

1D

OBFR01

Monthly

10,853

SBI

Sumishin

Net

Bank

Ltd.

.....

Citibank

NA

(

927,377

)

02/26/26

(1.01)%

1D

OBFR01

Monthly

30,782

Starbucks

Corp.

.............

Citibank

NA

(

9,352,560

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

749,244

Seatrium

Ltd.

..............

Citibank

NA

(

3,277,128

)

02/25/26

(1.11)%

1D

OBFR01

Monthly

221,444

ServisFirst

Bancshares,

Inc.

....

JPMorgan

Chase

Bank

NA

(

971,817

)

02/09/26

(0.15)%

1D

OBFR01

Monthly

38,792

SGH

Ltd.

.................

JPMorgan

Chase

Bank

NA

(

3,034,045

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

55,354

Sharp

Corp.

...............

Citibank

NA

(

250,257

)

02/26/26

(1.34)%

1D

OBFR01

Monthly

(

21,579

)

Sharp

Corp.

...............

JPMorgan

Chase

Bank

NA

(

1,302,132

)

02/10/26

(0.64)%

1D

OBFR01

Monthly

(

60,829

)

Smurfit

WestRock

plc

.........

Citibank

NA

(

17,259,807

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

696,792

Societe

Generale

SA

.........

Citibank

NA

(

3,590,683

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

(

363,497

)

Solventum

Corp.

............

Citibank

NA

(

4,302,936

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

92,054

Square

Enix

Holdings

Co.

Ltd.

...

Citibank

NA

(

928,830

)

02/26/26

(0.25)%

1D

OBFR01

Monthly

3,572

Seatrium

Ltd.

..............

JPMorgan

Chase

Bank

NA

(

1,548,004

)

02/10/26

(1.13)%

1D

OBFR01

Monthly

(

120,091

)

Kawasaki

Heavy

Industries

Ltd.

..

Citibank

NA

(

2,804,048

)

02/26/26

(0.11)%

1D

OBFR01

Monthly

(

117,274

)

Kadokawa

Corp.

............

Citibank

NA

(

3,341,277

)

02/26/26

(0.12)%

1D

OBFR01

Monthly

152,329

JFE

Holdings,

Inc.

...........

Citibank

NA

(

2,017,420

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

63,887

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

59

Equity

Swap

Contracts

(continued)

Reference

Entity

Counterparty

Notional

Amount

Termination

Date

Spread

Reference

Rate

Payment

Frequency

Value/Unrealized

Appreciation

(Depreciation)

Builders

FirstSource,

Inc.

......

Citibank

NA

USD

(

2,702,294

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

$

76,424

CH

Robinson

Worldwide,

Inc.

...

Citibank

NA

(

8,125,509

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

1,337,535

)

Chailease

Holding

Co.

Ltd.

.....

Citibank

NA

(

2,915,252

)

02/25/26

(0.40)%

1D

OBFR01

Monthly

284,398

Chailease

Holding

Co.

Ltd.

.....

JPMorgan

Chase

Bank

NA

(

3,164

)

02/10/26

(0.16)%

1D

OBFR01

Monthly

350

China

Construction

Bank

Corp.

..

Citibank

NA

(

6,624,386

)

02/25/26

(0.05)%

1D

OBFR01

Monthly

195,043

China

International

Capital

Corp.

Ltd.

...................

Citibank

NA

(

5,713,418

)

02/25/26

(0.30)%

1D

OBFR01

Monthly

277,417

China

Overseas

Land

&

Investment

Ltd.

...................

Citibank

NA

(

2,147,782

)

02/25/26

(0.30)%

1D

OBFR01

Monthly

62,006

China

Railway

Group

Ltd.

......

Citibank

NA

(

2,347,118

)

02/25/26

(0.21)%

1D

OBFR01

Monthly

118,748

Brown-Forman

Corp.

.........

Citibank

NA

(

4,437,443

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

198,166

China

Resources

Power

Holdings

Co.

Ltd.

................

Citibank

NA

(

6,949,210

)

02/25/26

(0.30)%

1D

OBFR01

Monthly

257,065

Cirsa

Enterprises

SA

.........

JPMorgan

Chase

Bank

NA

(

35,633

)

02/10/26

0.26%

1D

ESTR

Monthly

1,483,578

Clariant

AG

(Registered)

.......

Citibank

NA

(

2,091,795

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

96,850

Clariant

AG

(Registered)

.......

JPMorgan

Chase

Bank

NA

(

341,469

)

02/11/26

(0.26)%

1D

OBFR01

Monthly

20,413

Community

Financial

System,

Inc.

JPMorgan

Chase

Bank

NA

(

829,586

)

02/09/26

(0.15)%

1D

OBFR01

Monthly

94,316

Constellation

Energy

Corp.

.....

Citibank

NA

(

2,524,920

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

234,843

)

Continental

AG

.............

Citibank

NA

(

2,240,393

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

55,417

ConvaTec

Group

plc

..........

Citibank

NA

(

3,493,742

)

02/26/26

(0.25)%

1D

OBFR01

Monthly

185,822

Cosan

SA

.................

Citibank

NA

(

341,882

)

02/24/28

(0.30)%

1D

OBFR01

Monthly

(

10,365

)

China

Resources

Power

Holdings

Co.

Ltd.

................

JPMorgan

Chase

Bank

NA

(

41,599

)

02/10/26

(0.30)%

1D

OBFR01

Monthly

(

28

)

Cosan

SA

.................

JPMorgan

Chase

Bank

NA

(

540,383

)

02/10/26

(0.40)%

1D

OBFR01

Monthly

85,383

Brookfield

Asset

Management

Ltd.

Citibank

NA

(

18,090,227

)

02/24/28

(0.20)%

1D

OBFR01

Monthly

(

318,467

)

Block,

Inc.

................

Citibank

NA

(

7,016,193

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

147,856

Albemarle

Corp.

............

Citibank

NA

(

4,527,340

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

837,046

Alexandria

Real

Estate

Equities,

Inc.

Citibank

NA

(

3,566,256

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

188,279

Alfa

SAB

de

CV

.............

Citibank

NA

(

441,762

)

02/24/28

(0.85)%

1D

OBFR01

Monthly

19,704

Alfa

SAB

de

CV

.............

JPMorgan

Chase

Bank

NA

(

1,111,270

)

02/10/26

(0.50)%

1D

OBFR01

Monthly

35,349

Alstom

SA

................

Citibank

NA

(

4,648,626

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

215,377

AppLovin

Corp.

.............

Citibank

NA

(

6,334,300

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

736,589

)

Atlantic

Union

Bankshares

Corp.

.

JPMorgan

Chase

Bank

NA

(

480,974

)

02/09/26

(0.15)%

1D

OBFR01

Monthly

23,384

Avolta

AG

.................

Citibank

NA

(

1,678,085

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

62,124

Brandywine

Realty

Trust

.......

JPMorgan

Chase

Bank

NA

(

21,471

)

02/09/26

(0.15)%

1D

OBFR01

Monthly

875

Bachem

Holding

AG

..........

JPMorgan

Chase

Bank

NA

(

1,500,576

)

02/11/26

(0.26)%

1D

OBFR01

Monthly

(

244,676

)

Barratt

Redrow

plc

...........

Citibank

NA

(

5,020,324

)

02/26/26

(0.25)%

1D

OBFR01

Monthly

167,417

Barry

Callebaut

AG

(Registered)

..

JPMorgan

Chase

Bank

NA

(

4,649,277

)

02/11/26

(0.51)%

1D

OBFR01

Monthly

(

164,680

)

BASF

SE

.................

Citibank

NA

(

13,193,210

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

517,170

BASF

SE

.................

JPMorgan

Chase

Bank

NA

(

138,554

)

02/11/26

(0.26)%

1D

OBFR01

Monthly

1,622

BE

Semiconductor

Industries

NV

.

Citibank

NA

(

6,556,886

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

549,948

Beijer

Ref

AB

..............

Citibank

NA

(

368,639

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

1,006

Beijer

Ref

AB

..............

JPMorgan

Chase

Bank

NA

(

1,346,179

)

02/11/26

(0.26)%

1D

OBFR01

Monthly

(

49,870

)

BeOne

Medicines

Ltd.

........

Citibank

NA

(

1,112,859

)

02/25/26

(0.05)%

1D

OBFR01

Monthly

7,966

Bank

of

Montreal

............

Citibank

NA

(

8,677,387

)

02/24/28

(0.20)%

1D

OBFR01

Monthly

322,421

CoStar

Group,

Inc.

...........

Citibank

NA

(

8,338,186

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

982,057

)

CRRC

Corp.

Ltd.

............

Citibank

NA

(

2,430,345

)

02/25/26

(0.30)%

1D

OBFR01

Monthly

158,829

CVB

Financial

Corp.

..........

JPMorgan

Chase

Bank

NA

(

731,859

)

02/09/26

(0.15)%

1D

OBFR01

Monthly

78,326

Halliburton

Co.

.............

Citibank

NA

(

878,187

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

13,749

Hapvida

Participacoes

e

Investimentos

SA

..........

Citibank

NA

(

30,572

)

02/24/28

(0.30)%

1D

OBFR01

Monthly

(

453

)

Harmonic

Drive

Systems,

Inc.

...

Citibank

NA

(

2,554,246

)

02/26/26

(0.12)%

1D

OBFR01

Monthly

(

50,747

)

Humana,

Inc.

..............

Citibank

NA

(

3,403,426

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

207,196

)

Ibiden

Co.

Ltd.

..............

Citibank

NA

(

2,792,093

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

877

IHI

Corp.

.................

Citibank

NA

(

5,570,761

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

(

108,435

)

Iluka

Resources

Ltd.

..........

JPMorgan

Chase

Bank

NA

(

543,036

)

02/10/26

(0.25)%

1D

OBFR01

Monthly

12,450

Impala

Platinum

Holdings

Ltd.

...

JPMorgan

Chase

Bank

NA

(

3,086,745

)

02/11/26

(0.40)%

1D

OBFR01

Monthly

34,446

Grifols

SA

.................

Citibank

NA

(

5,066,938

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

(

409,160

)

Innolux

Corp.

..............

Citibank

NA

(

3,217,613

)

02/25/26

(0.35)%

1D

OBFR01

Monthly

(

86,121

)

International

Paper

Co.

........

Citibank

NA

(

21,425,338

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

2,405,009

International

Paper

Co.

........

JPMorgan

Chase

Bank

NA

(

4,632,073

)

02/11/26

(0.50)%

1D

OBFR01

Monthly

33,054

iShares

iBoxx

$

High

Yield

Corporate

Bond

ETF

...............

Citibank

NA

(

15,267,952

)

02/24/28

(0.58)%

1D

OBFR01

Monthly

22,760

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

60

Equity

Swap

Contracts

(continued)

Reference

Entity

Counterparty

Notional

Amount

Termination

Date

Spread

Reference

Rate

Payment

Frequency

Value/Unrealized

Appreciation

(Depreciation)

iShares

iBoxx

$

Investment

Grade

Corporate

Bond

ETF

.......

JPMorgan

Chase

Bank

NA

USD

(

21,967,542

)

02/09/26

(1.58)%

1D

OBFR01

Monthly

$

(

205,247

)

Japan

Steel

Works

Ltd.

(The)

....

Citibank

NA

(

4,730,781

)

02/26/26

(0.15)%

1D

OBFR01

Monthly

(

98,574

)

JD

Health

International,

Inc.

.....

Citibank

NA

(

5,569,872

)

02/25/26

(0.30)%

1D

OBFR01

Monthly

(

273,046

)

JD

Sports

Fashion

plc

.........

Citibank

NA

(

3,569,964

)

02/26/26

(0.25)%

1D

OBFR01

Monthly

111,017

JD

Sports

Fashion

plc

.........

JPMorgan

Chase

Bank

NA

(

411,529

)

02/11/26

(0.25)%

1D

OBFR01

Monthly

25,812

Intel

Corp.

................

Citibank

NA

(

2,712,108

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

401,448

Georg

Fischer

AG

(Registered)

..

JPMorgan

Chase

Bank

NA

(

964,852

)

02/11/26

(0.26)%

1D

OBFR01

Monthly

9,601

Georg

Fischer

AG

(Registered)

..

Citibank

NA

(

1,844,523

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

(

15,756

)

Fujitsu

Ltd.

................

Citibank

NA

(

8,419,980

)

02/26/26

(0.14)%

1D

OBFR01

Monthly

(

99,710

)

Davide

Campari-Milano

NV

.....

Citibank

NA

(

4,371,912

)

02/26/26

(0.29)%

1D

OBFR01

Monthly

316,045

Dentsu

Group,

Inc.

...........

Citibank

NA

(

3,129,948

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

(

92,398

)

DiaSorin

SpA

..............

Citibank

NA

(

2,587,720

)

02/26/26

(0.26)%

1D

OBFR01

Monthly

176,051

Disco

Corp.

................

Citibank

NA

(

4,507,851

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

(

43,260

)

DMG

Mori

Co.

Ltd.

...........

Citibank

NA

(

4,897,294

)

02/26/26

(0.19)%

1D

OBFR01

Monthly

(

152,813

)

Dollar

Tree,

Inc.

.............

Citibank

NA

(

8,813,877

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

93,691

Ecolab,

Inc.

...............

Citibank

NA

(

4,648,861

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

151,039

Elevance

Health,

Inc.

.........

Citibank

NA

(

14,088,103

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

152,358

Enphase

Energy,

Inc.

.........

Citibank

NA

(

2,040,340

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

486,801

Enphase

Energy,

Inc.

.........

JPMorgan

Chase

Bank

NA

(

45,157

)

02/09/26

(0.15)%

1D

OBFR01

Monthly

9,464

Entain

plc

.................

Citibank

NA

(

1,334,497

)

02/26/26

(0.25)%

1D

OBFR01

Monthly

(

11,008

)

Etoro

Group

Ltd.

............

Barclays

Bank

plc

(

3,724,760

)

08/23/26

(1.13)%

1D

OBFR01

Monthly

27,746

Expand

Energy

Corp.

.........

Citibank

NA

(

17,172,565

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

(

891,297

)

FedEx

Corp.

...............

Citibank

NA

(

8,389,875

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

303,336

First

Solar,

Inc.

.............

Citibank

NA

(

7,301,118

)

02/24/28

(0.15)%

1D

OBFR01

Monthly

212,846

Food

&

Life

Cos.

Ltd.

.........

Citibank

NA

(

7,981,594

)

02/26/26

(0.15)%

1D

OBFR01

Monthly

(

122,365

)

Formosa

Chemicals

&

Fibre

Corp.

Citibank

NA

(

1,435,499

)

02/25/26

(0.64)%

1D

OBFR01

Monthly

(

151,985

)

Formosa

Chemicals

&

Fibre

Corp.

JPMorgan

Chase

Bank

NA

(

31,953

)

02/10/26

(0.47)%

1D

OBFR01

Monthly

(

6,462

)

Formosa

Plastics

Corp.

........

Citibank

NA

(

2,543,452

)

02/25/26

(2.30)%

1D

OBFR01

Monthly

(

192,005

)

Yakult

Honsha

Co.

Ltd.

........

Citibank

NA

(

651,675

)

02/26/26

(0.10)%

1D

OBFR01

Monthly

56,436

Zealand

Pharma

A/S

.........

Citibank

NA

(

2,804,572

)

02/26/26

(0.27)%

1D

OBFR01

Monthly

186,482

      Total

short

positions

of

equity

swaps

7,424,519

Total

long

and

short

position

of

equity

swaps

5,894,714

Net

dividends

and

financing

fees

141,554

Total

equity

swap

contracts

including

dividends

and

financing

fees

$

6,036,268

(a)

The

Fund

receives

the

total

return

on

a

reference

entity

and

pays

a

variable

rate

of

interest,

based

on

a

specified

benchmark.

The

benchmark

and

spread

are

determined

based

upon

the

country

and/or

currency

of

the

individual

underlying

position.

(b)

The

Fund

pays

the

total

return

on

a

reference

entity

and

receives

a

variable

rate

of

interest,

based

on

a

specified

benchmark.

The

benchmark

and

spread

are

determined

based

upon

the

country

and/or

currency

of

the

individual

underlying

position.

The

following

reference

rates,

and

their

values

as

of

period

end,

are

used

for

security

descriptions:

Reference

Index

Reference

Rate

1-day

BZDIOVER

.....................................

Overnight

Brazil

CETIP

—

Interbank

Rate

0

.06

%

1-day

EFFR

.........................................

Effective

Federal

Funds

Rate

4

.33

1-day

ESTR

.........................................

Euro

Short-Term

Rate

1

.92

1-day

IBR

...........................................

Colombian

Reference

Banking

Indicator

8

.73

1-day

MIBOR

........................................

Mumbai

Interbank

Offered

Rate

5

.54

1-day

MXIBTIIE

.......................................

Mexico

Interbank

TIIE

1-day

8

.05

1-day

SOFR

.........................................

Secured

Overnight

Financing

Rate

4

.34

1-day

SONIA

.........................................

Sterling

Overnight

Index

Average

4

.22

1-day

THOR

.........................................

Thailand

Overnight

Repo

Rate

ON

1

.74

1-day

TONAR

........................................

Tokyo

Overnight

Average

Rate

0

.48

1-week

CNREPOFIX_CFXS

..............................

China

Fixing

Repo

Rates

1

.60

3-mo.

CD_KSDA

......................................

Certificates

of

Deposit

by

the

Korean

Securities

Dealers

Association

2

.51

3-mo.

JIBAR

.........................................

Johannesburg

Interbank

Average

Rate

7

.13

3-mo.

WIBOR

........................................

Warsaw

Interbank

Offered

Rate

4

.83

6-mo.

BUBOR

........................................

Budapest

Interbank

Offered

Rate

6

.49

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

61

Fair

Value

Hierarchy

as

of

Period

End

Various

inputs

are

used

in

determining

the

fair

value

of

financial

instruments

at

the

measurement

date.

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

that

the

Fund

has

the

ability

to

access

for

identical

assets

or

liabilities;

Level

2

—

Inputs

other

than

quoted

prices

included

within

Level

1

that

are

observable

for

the

asset

or

liability,

either

directly

or

indirectly;

and

Level

3

—

Inputs

that

are

unobservable

and

significant

to the

entire

fair

value

measurement

for

the asset

or

liability (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

that

may

not

have

a

secondary

market

and/

or may

have

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.

Reference

Index

Reference

Rate

6-mo.

EURIBOR

......................................

Euro

Interbank

Offered

Rate

2

.08

%

6-mo.

PRIBOR

.......................................

Prague

Interbank

Offered

Rate

3

.50

6-mo.

WIBOR

........................................

Warsaw

Interbank

Offered

Rate

4

.68

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Asset-Backed

Securities

Cayman

Islands

........................................

$

—

$

68,077,028

$

—

$

68,077,028

Ireland

..............................................

—

89,471,544

—

89,471,544

Jersey,

Channel

Islands

...................................

—

752,346

—

752,346

United

Kingdom

........................................

—

4,102,029

462,227

4,564,256

United

States

..........................................

—

191,905,996

55,484,027

247,390,023

Common

Stocks

Australia

.............................................

1,668,819

40,040,510

281

41,709,610

Austria

..............................................

—

431,124

—

431,124

Belgium

.............................................

—

2,584,363

—

2,584,363

Brazil

...............................................

36,328,759

—

—

36,328,759

Cambodia

............................................

—

269,676

—

269,676

Canada

.............................................

167,111,186

—

—

167,111,186

Cayman

Islands

........................................

1,226,411

—

—

1,226,411

Chile

...............................................

—

—

126,175

126,175

China

...............................................

21,211,169

226,314,131

—

247,525,300

Colombia

............................................

678,264

—

—

678,264

Czech

Republic

........................................

—

1,372,161

—

1,372,161

Denmark

.............................................

—

80,674,011

—

80,674,011

Finland

..............................................

—

10,164,344

—

10,164,344

France

..............................................

—

314,309,444

—

314,309,444

Georgia

.............................................

—

1,256,788

—

1,256,788

Germany

............................................

—

115,131,688

—

115,131,688

Greece

..............................................

2,497,175

769,430

—

3,266,605

Hong

Kong

...........................................

—

14,058,065

—

14,058,065

Hungary

.............................................

—

2,343,982

—

2,343,982

India

...............................................

—

13,451,870

—

13,451,870

Indonesia

............................................

—

5,189,419

—

5,189,419

Ireland

..............................................

24,498,679

4,569,870

—

29,068,549

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

62

Level

1

Level

2

Level

3

Total

Israel

...............................................

$

3,697,013

$

—

$

20,794

$

3,717,807

Italy

................................................

—

234,610,458

—

234,610,458

Japan

...............................................

—

283,955,434

—

283,955,434

Kazakhstan

...........................................

1,040,928

697,332

—

1,738,260

Macau

..............................................

—

4,172,732

—

4,172,732

Malaysia

.............................................

—

1,280,570

—

1,280,570

Mexico

..............................................

12,562,753

4,963,804

—

17,526,557

Netherlands

...........................................

25,737,439

120,344,747

1,557,536

147,639,722

Norway

..............................................

—

12,067,485

—

12,067,485

Peru

................................................

2,164,047

—

—

2,164,047

Philippines

...........................................

427,160

1,524,665

—

1,951,825

Poland

..............................................

—

9,265,082

—

9,265,082

Portugal

.............................................

—

1,015,233

—

1,015,233

Republic

of

Turkiye

......................................

1,537,746

3,042,349

—

4,580,095

Romania

.............................................

—

788,338

—

788,338

Saudi

Arabia

..........................................

2,052,244

4,099,479

—

6,151,723

Singapore

............................................

3,255,030

4,799,939

—

8,054,969

South

Africa

...........................................

1,362,423

18,998,264

—

20,360,687

South

Korea

..........................................

—

50,495,182

—

50,495,182

Spain

...............................................

—

100,480,077

—

100,480,077

Sweden

.............................................

—

31,560,903

—

31,560,903

Switzerland

...........................................

5,222,758

89,390,586

—

94,613,344

Taiwan

..............................................

5,798,880

186,238,983

—

192,037,863

Thailand

.............................................

—

2,325,402

—

2,325,402

United

Arab

Emirates

....................................

—

6,441,779

14

6,441,793

United

Kingdom

........................................

37,145,056

439,783,563

9,134,418

486,063,037

United

States

..........................................

7,426,487,944

220,797,596

170,141,348

7,817,426,888

Corporate

Bonds

Argentina

............................................

—

2,098,489

—

2,098,489

Australia

.............................................

—

10,214,453

37,029,610

47,244,063

Austria

..............................................

—

5,162,504

—

5,162,504

Belgium

.............................................

—

5,332,024

—

5,332,024

Brazil

...............................................

—

6,543,801

—

6,543,801

Cameroon

............................................

—

1,473,633

—

1,473,633

Canada

.............................................

—

73,521,780

55,486,809

129,008,589

Chile

...............................................

—

6,020,098

—

6,020,098

China

...............................................

—

10,158,913

—

10,158,913

Colombia

............................................

—

3,112,925

—

3,112,925

Costa

Rica

...........................................

—

678,564

—

678,564

Czech

Republic

........................................

—

7,775,852

—

7,775,852

Denmark

.............................................

—

1,539,082

—

1,539,082

Dominican

Republic

.....................................

—

370,255

—

370,255

Finland

..............................................

—

4,059,333

—

4,059,333

France

..............................................

—

65,268,869

8,241,042

73,509,911

Germany

............................................

—

101,709,109

13,269,830

114,978,939

Greece

..............................................

—

4,736,384

—

4,736,384

Hong

Kong

...........................................

—

15,043,244

—

15,043,244

India

...............................................

—

12,880,981

5

12,880,986

Indonesia

............................................

—

7,052,158

—

7,052,158

Ireland

..............................................

—

13,452,143

—

13,452,143

Israel

...............................................

—

12,122,741

—

12,122,741

Italy

................................................

—

83,779,893

16,985,126

100,765,019

Jamaica

.............................................

—

747,447

—

747,447

Japan

...............................................

—

22,909,248

—

22,909,248

Jersey,

Channel

Islands

...................................

—

24,748,505

—

24,748,505

Kazakhstan

...........................................

—

716,950

—

716,950

Kuwait

..............................................

—

648,715

—

648,715

Luxembourg

..........................................

—

51,024,061

—

51,024,061

Macau

..............................................

—

6,648,496

—

6,648,496

Malaysia

.............................................

—

2,924,026

—

2,924,026

Mauritius

.............................................

—

—

24,031,081

24,031,081

Mexico

..............................................

—

29,490,290

—

29,490,290

Netherlands

...........................................

—

35,228,127

—

35,228,127

Nigeria

..............................................

—

931,090

—

931,090

Fair

Value

Hierarchy

as

of

Period

End

(continued)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

63

Level

1

Level

2

Level

3

Total

Peru

................................................

$

—

$

1,620,554

$

—

$

1,620,554

Philippines

...........................................

—

2,791,078

—

2,791,078

Poland

..............................................

—

698,025

—

698,025

Portugal

.............................................

—

2,578,201

—

2,578,201

Republic

of

Turkiye

......................................

—

702,070

—

702,070

Saudi

Arabia

..........................................

—

1,941,247

—

1,941,247

Singapore

............................................

—

450,188

7,622,731

8,072,919

Slovenia

.............................................

—

5,577,349

—

5,577,349

South

Africa

...........................................

—

3,782,045

—

3,782,045

South

Korea

..........................................

—

3,806,679

—

3,806,679

Spain

...............................................

—

26,649,779

—

26,649,779

Sweden

.............................................

—

30,777,567

—

30,777,567

Switzerland

...........................................

—

12,592,915

—

12,592,915

Thailand

.............................................

—

4,399,763

—

4,399,763

Ukraine

.............................................

—

516,005

—

516,005

United

Arab

Emirates

....................................

—

4,432,302

—

4,432,302

United

Kingdom

........................................

—

188,004,879

7,713,744

195,718,623

United

States

..........................................

—

649,322,640

229,619,083

878,941,723

Uzbekistan

...........................................

—

1,163,071

—

1,163,071

Vietnam

.............................................

—

662,124

—

662,124

Zambia

..............................................

—

5,011,850

—

5,011,850

Fixed

Rate

Loan

Interests

France

..............................................

—

6,318,904

—

6,318,904

United

States

..........................................

—

1,653,895

18,717,399

20,371,294

Floating

Rate

Loan

Interests

Belgium

.............................................

—

5,667,347

—

5,667,347

Canada

.............................................

—

11,664,620

—

11,664,620

Finland

..............................................

—

7,073,333

—

7,073,333

France

..............................................

—

55,927,930

—

55,927,930

Germany

............................................

—

67,695,173

—

67,695,173

Ireland

..............................................

—

11,708,004

—

11,708,004

Jersey,

Channel

Islands

...................................

—

—

14,170,279

14,170,279

Luxembourg

..........................................

—

42,272,179

45,733,511

88,005,690

Netherlands

...........................................

—

97,336,891

22,162,957

119,499,848

New

Zealand

..........................................

—

8,980,420

—

8,980,420

Norway

..............................................

—

3,720,105

—

3,720,105

Spain

...............................................

—

16,806,582

—

16,806,582

Sweden

.............................................

—

14,348,270

—

14,348,270

United

Kingdom

........................................

—

118,385,693

36,125,833

154,511,526

United

States

..........................................

—

197,338,651

118,073,936

315,412,587

Foreign

Agency

Obligations

.................................

—

19,214,705

—

19,214,705

Foreign

Government

Obligations

..............................

—

637,046,379

—

637,046,379

Grantor

Trust

...........................................

66,373,586

—

—

66,373,586

Investment

Companies

....................................

416,194,574

—

—

416,194,574

Municipal

Bonds

.........................................

—

8,488,864

—

8,488,864

Non-Agency

Mortgage-Backed

Securities

Cayman

Islands

........................................

—

4,503,564

—

4,503,564

United

States

..........................................

—

368,164,487

46,048,187

414,212,674

Preferred

Securities

Brazil

...............................................

7,324,187

—

16,087,903

23,412,090

China

...............................................

—

—

71,622,627

71,622,627

Finland

..............................................

—

—

4,611,158

4,611,158

Germany

............................................

—

—

310,664

310,664

India

...............................................

—

—

—

—

Sweden

.............................................

—

—

—

—

United

Kingdom

........................................

—

—

8,962,297

8,962,297

United

States

..........................................

19,780,133

9,270,019

371,176,483

400,226,635

U.S.

Government

Sponsored

Agency

Securities

....................

—

122,661,049

—

122,661,049

U.S.

Treasury

Obligations

...................................

—

43,443,689

—

43,443,689

Warrants

..............................................

128,185

368,958

13,967,902

14,465,045

Short-Term

Securities

Foreign

Government

Obligations

..............................

—

7,318,291

—

7,318,291

Money

Market

Funds

......................................

152,010,739

—

—

152,010,739

Options

Purchased

Fair

Value

Hierarchy

as

of

Period

End

(continued)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

64

Level

1

Level

2

Level

3

Total

Commodity

contracts

......................................

$

—

$

920,400

$

—

$

920,400

Credit

contracts

..........................................

—

193,895

—

193,895

Equity

contracts

..........................................

31,019,850

11,440

—

31,031,290

Foreign

currency

exchange

contracts

...........................

—

1,258,217

—

1,258,217

Interest

rate

contracts

......................................

46,719

9,095,496

—

9,142,215

$

8,476,589,856

$

6,496,841,765

$

1,424,697,017

$

16,398,128,638

Investments

Valued

at

NAV

(a)

......................................

23,068,689

$

16,421,197,327

Derivative

Financial

Instruments

(b)

Assets

Commodity

contracts

.......................................

$

37,651

$

—

$

—

$

37,651

Credit

contracts

...........................................

—

7,447,296

—

7,447,296

Equity

contracts

...........................................

10,156,428

46,857,932

—

57,014,360

Foreign

currency

exchange

contracts

............................

—

34,085,271

—

34,085,271

Interest

rate

contracts

.......................................

11,903,011

238,300,480

—

250,203,491

Other

contracts

...........................................

—

523,800

—

523,800

Liabilities

Commodity

contracts

.......................................

(

35,650

)

(

348,400

)

—

(

384,050

)

Credit

contracts

...........................................

—

(

1,949,170

)

—

(

1,949,170

)

Equity

contracts

...........................................

(

87,662,332

)

(

20,377,839

)

—

(

108,040,171

)

Foreign

currency

exchange

contracts

............................

—

(

96,438,813

)

—

(

96,438,813

)

Interest

rate

contracts

.......................................

(

41,692,318

)

(

53,334,876

)

—

(

95,027,194

)

$

(

107,293,210

)

$

154,765,681

$

—

$

47,472,471

(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,

forward

foreign

currency

exchange

contracts

and

options

written.

Swaps,

futures

contracts

and

forward

foreign

currency

exchange

contracts

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument

and

options

written

are

shown

at

value.

A

reconciliation

of

Level

3

financial

instruments

is

presented

when

the

Fund

had

a

significant

amount

of

Level

3

investments

and

derivative

financial

instruments

at

the

beginning

and/or

end

of

the

period

in

relation

to

net

assets.

The

following

table

is

a

reconciliation

of

Level

3

investments

for

which

significant

unobservable

inputs

were

used

in

determining

fair

value:

Asset-

Backed

Securities

Common

Stocks

Corporate

Bonds

Fixed

Rate

Loan

Interests

Floating

Rate

Loan

Interests

Investments

Assets/Liabilities

Opening

balance,

as

of

April

30,

2025

...............................................

$

59,694,383

$

153,598,994

$

439,464,315

$

19,930,471

$

281,672,829

Transfers

into

Level

3

.........................................................

—

5,696,000

—

—

12,503,799

Transfers

out

of

Level

3

........................................................

—

—

—

—

(

20,757,402

)

Accrued

discounts/premiums

.....................................................

(

5,352

)

—

1,503,844

3,283

693,356

Net

realized

gain

(loss)

........................................................

544,203

(

2,016,300

)

8,767

69,488

3,569,839

Net

change

in

unrealized

appreciation

(depreciation)

(a)

....................................

(

121,459

)

726,092

(

514,900

)

(

49,723

)

(

3,328,785

)

Purchases

.................................................................

20,377,699

23,309,903

6,048,805

91,926

28,805,662

Sales

....................................................................

(

24,543,220

)

(

334,123

)

(

46,511,770

)

(

1,328,046

)

(

66,892,782

)

Closing

balance,

as

of

July

31,

2025

................................................

$

55,946,254

$

180,980,566

$

399,999,061

$

18,717,399

$

236,266,516

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

still

held

at

July

31,

2025

(a)

.........

$

(

125,967

)

$

(

1,276,558

)

$

431,382

$

(

24,634

)

$

(

825,310

)

Non-Agency

Mortgage-

Backed

Securities

Preferred

Securities

Unfunded

Floating

Rate

Loan

Interests

Warrants

Total

Investments

Assets/Liabilities

Opening

balance,

as

of

April

30,

2025

...............................................

$

43,441,348

$

444,033,724

$

2,576

$

12,721,503

$

1,454,560,143

Transfers

into

Level

3

.........................................................

—

1,348,096

—

—

19,547,895

Transfers

out

of

Level

3

........................................................

—

—

—

—

(

20,757,402

)

Accrued

discounts/premiums

.....................................................

(

3,897

)

—

—

—

2,191,234

Net

realized

loss

.............................................................

—

(

56,399,893

)

—

—

(

54,223,896

)

Net

change

in

unrealized

appreciation

(depreciation)

(a)

....................................

322,015

113,201,833

(

2,576

)

1,246,399

111,478,896

Purchases

.................................................................

2,482,283

10,535,654

—

—

91,651,932

Fair

Value

Hierarchy

as

of

Period

End

(continued)

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

65

Non-Agency

Mortgage-

Backed

Securities

Preferred

Securities

Unfunded

Floating

Rate

Loan

Interests

Warrants

Total

Sales

....................................................................

(

193,562

)

(

39,948,282

)

—

—

(

179,751,785

)

Closing

balance,

as

of

July

31,

2025

................................................

$

46,048,187

$

472,771,132

$

—

$

13,967,902

$

1,424,697,017

Net

change

in

unrealized

appreciation

on

investments

still

held

at

July

31,

2025

(a)

...................

$

322,015

$

36,059,504

$

—

$

1,246,399

$

35,806,831

(a)

Any

difference

between

net

change

in

unrealized

appreciation

(depreciation)

and

net

change

in

unrealized

appreciation

(depreciation)

on

investments

still

held

at

July

31,

2025

is

generally

due

to

investments

no

longer

held

or

categorized

as

Level

3

at

period

end.

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

66

(a)

A

significant

change

in

unobservable

input

could

result

in

a

correlated

or

inverse

change

in

value.

The

following

table

summarizes

the

valuation

approaches

used

and

unobservable

inputs

utilized

by

the

Valuation

Committee

to

determine

the

value

of

certain

of

the

Fund’s

Level

3

financial

instruments

as

of

period

end.

The

table

does

not

include

Level

3

financial

instruments

with

values

based

upon

unadjusted

third-party

pricing

information

in

the

amount

of

$

77,752,729

.

Value

Valuation

Approach

Unobservable

Inputs

Range

of

Unobservable

Inputs

Utilized

(a)

Weighted

Average

of

Unobservable

Inputs

Based

on

Fair

Value

Assets

Asset

Backed

Securities

........................

$

45,446,027

Income

Discount

Rate

7%

–

10%

8%

Common

Stocks

.............................

180,854,096

Market

Revenue

Multiple

1.05x

–

15.12x

4.26x

Time

to

Exit

1.0

–

5.6

years

2.5

years

Volatility

56%

–

80%

78%

EBITDA

Multiple

9.63x

–

27.54x

25.43x

Gross

Profit

Multiple

8.50x

—

Liquidity

Discount

10%

—

Discount

for

Lack

of

Marketability

10%

—

Income

Discount

Rate

10%

–

18%

16%

Corporate

Bonds

.............................

399,999,048

Income

Discount

Rate

5%

–

30%

13%

Estimated

Recovery

Value

33%

—

Market

Volatility

60%

60%

Revenue

Multiple

3.75x

—

Time

to

Exit

1.0

year

—

Fixed

Rate

Loan

Interests

.......................

18,717,399

Income

Discount

Rate

7%

—

Floating

Rate

Loan

Interests

......................

204,778,674

Income

Discount

Rate

5%

–

17%

9%

Non-Agency

Mortgage-Backed

Securities

..............

11,790,119

Income

Discount

Rate

8%

—

Preferred

Stocks

.............................

471,391,050

Income

Discount

Rate

4%

–

21%

11%

Market

Revenue

Multiple

1.25x

–

30.27x

14.11x

Time

to

Exit

1.0

–

4.0

years

3.2

years

Volatility

50%

–

90%

69%

Gross

Profit

Multiple

13.00x

—

Direct

Profit

Multiple

3.50x

—

EBITDA

Multiple

8.25x

—

EBITDAR

Multiple

11.25x

—

Market

Adjustment

Multiple

0.20x

–

1.10x

1.07x

Warrants

..................................

13,967,875

Market

Revenue

Multiple

1.53x

–

10.75x

8.15x

Time

to

Exit

1.0

–

9.8

years

3.4

years

Volatility

33%

–

80%

62%

Discount

for

Lack

of

Marketability

10%

—

$

1,346,944,288

Consolidated

Schedule

of

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

67

Currency

Abbreviation

ARS

Argentine

Peso

AUD

Australian

Dollar

BRL

Brazilian

Real

CAD

Canadian

Dollar

CHF

Swiss

Franc

CLP

Chilean

Peso

CNH

Chinese

Yuan

Offshore

CNY

Chinese

Yuan

COP

Colombian

Peso

CZK

Czech

Koruna

DKK

Danish

Krone

DOP

Dominican

Peso

EGP

Egyptian

Pound

EUR

Euro

GBP

British

Pound

HKD

Hong

Kong

Dollar

HUF

Hungarian

Forint

IDR

Indonesian

Rupiah

INR

Indian

Rupee

JPY

Japanese

Yen

KRW

South

Korean

Won

KZT

Kazakhstani

Tenge

MXN

Mexican

Peso

MYR

Malaysian

Ringgit

NGN

Nigerian

Naira

NOK

Norwegian

Krone

NZD

New

Zealand

Dollar

PEN

Peruvian

Sol

PHP

Philippine

Peso

PLN

Polish

Zloty

RON

Romanian

Leu

SEK

Swedish

Krona

SGD

Singapore

Dollar

THB

Thai

Baht

TRY

Turkish

Lira

TWD

Taiwan

New

Dollar

USD

United

States

Dollar

UYU

Uruguayan

Peso

ZAR

South

African

Rand

Portfolio

Abbreviation

ADR

American

Depositary

Receipts

BUBOR

Budapest

Interbank

Offered

Rate

BZDIOVER

Overnight

Brazil

CETIP

—

Interbank

Rate

CD_KSDA

Certificates

of

Deposit

by

the

Korean

Securities

Dealers

Association

CLO

Collateralized

Loan

Obligation

CNREPOFIX_CFXS

China

Fixing

Repo

Rates

CSMC

Credit

Suisse

Mortgage

Capital

CVA

Certification

Van

Aandelon

(Dutch

Certificate)

DAC

Designated

Activity

Company

EM

Emerging

Markets

EFFR

Effective

Federal

Funds

Rate

ESTR

EUR

-

1D

Euro

Short

Term

Rate

ESTR

Euro

Short-Term

Rate

ETF

Exchange-Traded

Fund

EURIBOR

Euro

Interbank

Offered

Rate

GDR

Global

Depositary

Receipts

IBR

Colombian

Reference

Banking

Indicator

JIBAR

Johannesburg

Interbank

Average

Rate

JSC

Joint

Stock

Company

MIBOR

Mumbai

Interbank

Offered

Rate

MSCI

Morgan

Stanley

Capital

International

MXIBTIIE

Mexico

Interbank

TIIE

Nasdaq

National

Association

of

Securities

Dealers

Automated

Quotations

NVDR

Non-Voting

Depository

Receipts

OBFR01

USD

-

1D

Overnight

Bank

Funding

Rate

OTC

Over-the-counter

PCL

Public

Company

Limited

PIK

Payment-In-Kind

PJSC

Public

Joint

Stock

Company

PRIBOR

Prague

Interbank

Offered

Rate

RB

Revenue

Bonds

SCA

Svenska

Cellulosa

Aktiebolaget

SONIA

Sterling

Overnight

Interbank

Average

Rate

SOFR

Secured

Overnight

Financing

Rate

SPDR

Standard

&

Poor’s

Depositary

Receipts

TIPS

Treasury

Inflation

Protected

Securities

TONAR

Tokyo

Overnight

Average

Rate

THOR

Thailand

Overnight

Repo

Rate

ON

WIBOR

Warsaw

Interbank

Offered

Rate