NPORT-EX 2 BRFDSC0BRAdvSmCapCoreFd.htm BlackRock Advantage Small Cap Core Fund

Schedule of Investments  (unaudited)

February 29, 2020

   

BlackRock Advantage Small Cap Core Fund

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks — 98.6%

    
Aerospace & Defense — 0.2%            

AAR Corp.

     23,042     $ 796,101  

Aerojet Rocketdyne Holdings, Inc.(a)(b)

    10,076       496,545  

HEICO Corp., Class A

     12,043       1,063,758  

Vectrus, Inc.(a)

    6,266       326,396  
   

 

 

  
      2,682,800  
Air Freight & Logistics — 0.4%  

Echo Global Logistics, Inc.(a)(b)

    11,287       208,245  

Hub Group, Inc., Class A(a)

    91,837       4,245,625  

Radiant Logistics, Inc.(a)

    51,839       228,092  
   

 

 

  
      4,681,962  
Airlines — 0.2%            

SkyWest, Inc.

     12,473       566,274  

Spirit Airlines, Inc.(a)(b)

    75,204       2,139,554  
   

 

 

  
      2,705,828  
Auto Components — 1.0%  

Adient PLC(a)

    22,198       531,198  

American Axle & Manufacturing Holdings, Inc.(a)

    90,505       572,897  

Cooper-Standard Holdings, Inc.(a)

    29,708       513,354  

Dana, Inc.

     16,952       243,770  

LCI Industries

     68,045       6,569,745  

Standard Motor Products, Inc.

     16,678       733,832  

Tenneco, Inc., Class A

     86,620       794,305  

Visteon Corp.(a)(b)

    21,646       1,407,856  
   

 

 

  
      11,366,957  
Banks — 8.2%  

ACNB Corp.

     14,941       455,402  

Amalgamated Bank, Class A

     7,829       125,342  

Bancorp, Inc.(a)

    191,896       2,335,374  

Bank of Commerce Holdings

     50,450       527,455  

Bank7 Corp.

     276       4,940  

BankFinancial Corp.

     31,027       351,846  

Bankwell Financial Group, Inc.

     10,886       309,924  

Banner Corp.

     67,339       3,073,352  

BOK Financial Corp.

     2       145  

Bridge Bancorp, Inc.

     9,311       256,239  

Cadence BanCorp

     61,227       864,525  

Capital City Bank Group, Inc.

     64,227       1,711,650  

Capstar Financial Holdings, Inc.

     52,415       704,458  

Cathay General Bancorp

     305,716       9,409,938  

CenterState Bank Corp.

     191,530       3,874,652  

Central Pacific Financial Corp.

     18,484       442,137  

Civista Bancshares, Inc.

     10,155       194,367  

Coastal Financial Corp.(a)

    310       5,081  

Community Bankers Trust Corp.

     27,257       222,690  

Customers Bancorp, Inc.(a)

    17,220       349,394  

First BanCorp

     11,604       92,136  

First Commonwealth Financial Corp.

     31,962       377,152  

First Community Bankshares, Inc.

     73,453       1,921,530  

First Financial Corp.

     31,125       1,243,444  

First Financial Northwest, Inc.

     70,603       984,912  

First Horizon National Corp.

     12,105       161,360  

First Midwest Bancorp, Inc.

     36,821       668,301  

First United Corp.

     33,701       728,953  

Flushing Financial Corp.

     9,189       166,826  

HBT Financial, Inc.

     161,915       2,506,444  

Heritage Commerce Corp.

     19,837       203,528  

Home BancShares, Inc.

     266,421       4,465,216  

IBERIABANK Corp.

     32,693       1,967,792  

Independent Bank Corp.

     13,627       266,680  

Independent Bank Group, Inc.

     65,245       3,020,191  

Investar Holding Corp.

     17,357       370,746  

Investors Bancorp, Inc.

     352,139       3,711,545  

Lakeland Bancorp, Inc.

     119,227       1,717,465  

Lakeland Financial Corp.

     6,518       266,391  
Security   Shares     Value  
Banks (continued)            

Macatawa Bank Corp.

     19,763     $ 190,515  

Mercantile Bank Corp.

     60,729       1,742,315  

National Bank Holdings Corp., Class A

     24,454       748,048  

Northrim BanCorp, Inc.

     200       6,990  

Opus Bank

     63,065       1,492,749  

Pacific Mercantile Bancorp(a)

    201,219       1,313,960  

Republic Bancorp, Inc., Class A

     38,747       1,384,818  

Republic First Bancorp, Inc.(a)

    1,070,056       3,242,270  

Sandy Spring Bancorp, Inc.

     369,691       11,371,695  

ServisFirst Bancshares, Inc.

     12,518       432,497  

Sierra Bancorp

     95,026       2,263,519  

South Plains Financial, Inc.

     45,542       912,206  

South State Corp.

     64,696       4,407,092  

Southern National Bancorp of Virginia, Inc.

     20,115       285,432  

Synovus Financial Corp.

     39,547       1,147,654  

TriState Capital Holdings, Inc.(a)

    388,273       7,714,985  

United Community Banks, Inc.

     110,433       2,735,425  

United Security Bancshares

     7,219       62,517  

Univest Financial Corp.

     85,725       2,005,965  

WesBanco, Inc.

     30,430       931,462  

West Bancorporation, Inc.

     21,127       432,047  

Wintrust Financial Corp.

     33,884       1,809,744  
   

 

 

  
      96,693,428  
Beverages — 0.1%            

National Beverage Corp.(a)

    30,488       1,289,338  
   

 

 

  
Biotechnology — 7.9%  

ACADIA Pharmaceuticals, Inc.(a)

    126,297       5,397,934  

Acceleron Pharma, Inc.(a)

    7,273       624,969  

Agenus, Inc.(a)

    523,646       1,324,824  

Aimmune Therapeutics, Inc.(a)

    6,798       161,860  

Akebia Therapeutics, Inc.(a)

    129,064       1,144,798  

Akero Therapeutics, Inc.(a)

    9,785       213,019  

Alector, Inc.(a)

    23,104       634,898  

Allogene Therapeutics, Inc.(a)(b)

    6,997       188,919  

AMAG Pharmaceuticals, Inc.(a)

    23,195       179,761  

Amicus Therapeutics, Inc.(a)(b)

    58,965       562,821  

Apellis Pharmaceuticals, Inc.(a)

    27,057       936,713  

Aptinyx, Inc.(a)(b)

    24,653       79,383  

Arcus Biosciences, Inc.(a)

    125,656       1,912,484  

Ardelyx, Inc.(a)

    40,628       281,146  

Arrowhead Pharmaceuticals, Inc.(a)

    73,137       2,586,124  

Assembly Biosciences, Inc.(a)

    12,622       228,711  

Atara Biotherapeutics, Inc.(a)(b)

    81,128       985,705  

Athersys, Inc.(a)(b)

    252,054       302,465  

Beam Therapeutics, Inc.(a)

    54,362       1,222,601  

Beyondspring, Inc.(a)

    1,202       19,088  

BioCryst Pharmaceuticals, Inc.(a)(b)

    84,324       252,972  

Biohaven Pharmaceutical Holding Co. Ltd.(a)

    16,222       716,364  

Blueprint Medicines Corp.(a)

    6,687       361,967  

Calithera Biosciences, Inc.(a)

    201,206       1,303,815  

Castle Biosciences, Inc.(a)(b)

    5,861       175,478  

Celldex Therapeutics, Inc.(a)

    23       60  

ChemoCentryx, Inc.(a)

    76,176       3,408,876  

Chimerix, Inc.(a)(b)

    70,382       124,576  

Coherus Biosciences, Inc.(a)(b)

    156,087       3,020,283  

Corvus Pharmaceuticals, Inc.(a)

    40,936       140,820  

Crinetics Pharmaceuticals, Inc.(a)

    8,110       166,904  

CytomX Therapeutics, Inc.(a)

    59,124       395,540  

Deciphera Pharmaceuticals, Inc.(a)

    28,986       1,543,215  

Denali Therapeutics, Inc.(a)

    22,733       449,431  

Eagle Pharmaceuticals, Inc.(a)

    22,423       1,029,216  

Editas Medicine, Inc.(a)

    21,050       466,889  

Emergent BioSolutions, Inc.(a)

    28,712       1,684,820  

Enanta Pharmaceuticals, Inc.(a)

    59,256       3,014,945  

Epizyme, Inc.(a)

    48,420       1,037,641  

Exact Sciences Corp.(a)

    18,684       1,512,470  

Exelixis, Inc.(a)(b)

    15,609       290,171  

Fate Therapeutics, Inc.(a)(b)

    68,960       2,013,632  
 

 

 

          1  

Schedule of Investments  (unaudited) (continued)

February 29, 2020

   

BlackRock Advantage Small Cap Core Fund

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Biotechnology (continued)  

FibroGen, Inc.(a)

    84,137     $ 3,516,927  

Flexion Therapeutics, Inc.(a)

    53,218       840,312  

Frequency Therapeutics, Inc.(a)(b)

    16,270       352,408  

G1 Therapeutics, Inc.(a)(b)

    7,783       139,627  

Global Blood Therapeutics, Inc.(a)(b)

    37,948       2,427,154  

Gossamer Bio, Inc.(a)

    34,480       452,722  

Halozyme Therapeutics, Inc.(a)(b)

    178,610       3,495,398  

Harpoon Therapeutics, Inc.(a)(b)

    103,398       1,586,125  

Immunomedics, Inc.(a)(b)

    75,439       1,207,024  

Insmed, Inc.(a)

    23,783       592,197  

Intellia Therapeutics, Inc.(a)(b)

    119,291       1,592,535  

Intercept Pharmaceuticals, Inc.(a)(b)

    20,823       1,914,467  

Invitae Corp.(a)

    44,546       907,847  

Iovance Biotherapeutics, Inc.(a)

    19,167       630,786  

Ironwood Pharmaceuticals, Inc.(a)(b)

    268,604       3,233,992  

Ligand Pharmaceuticals, Inc.(a)

    34,366       3,216,658  

MacroGenics, Inc.(a)(b)

    83,635       733,479  

Mirati Therapeutics, Inc.(a)

    10,613       949,757  

Natera, Inc.(a)(b)

    101,543       3,848,987  

OPKO Health, Inc.(a)(b)

    338,001       507,002  

Portola Pharmaceuticals, Inc.(a)

    45,456       459,560  

Precigen, Inc.(a)(b)

    54,022       204,743  

Principia Biopharma, Inc.(a)

    18,003       1,162,274  

PTC Therapeutics, Inc.(a)

    4,837       265,261  

Puma Biotechnology, Inc.(a)

    59,265       637,395  

Ra Pharmaceuticals, Inc.(a)

    21,776       1,018,246  

Radius Health, Inc.(a)

    10,814       227,743  

Replimune Group, Inc.(a)

    34,191       474,229  

Retrophin, Inc.(a)

    189,152       2,930,910  

Rigel Pharmaceuticals, Inc.(a)

    179,124       379,743  

Sangamo Therapeutics, Inc.(a)

    76,545       652,929  

Seres Therapeutics, Inc.(a)

    76,875       241,388  

Spectrum Pharmaceuticals, Inc.(a)

    115,457       330,207  

Stemline Therapeutics, Inc.(a)

    23,102       139,074  

Sutro Biopharma, Inc.(a)(b)

    3,116       30,319  

Syndax Pharmaceuticals, Inc.(a)

    25,129       236,464  

Turning Point Therapeutics, Inc.(a)

    6,312       312,886  

Ultragenyx Pharmaceutical, Inc.(a)

    71,961       4,035,573  

UNITY Biotechnology, Inc.(a)

    38,152       229,294  

Vanda Pharmaceuticals, Inc.(a)

    68,698       757,739  

Veracyte, Inc.(a)

    95,749       2,364,043  

Vericel Corp.(a)

    28,040       432,938  

Xencor, Inc.(a)(b)

    42,168       1,370,038  

Y-mAbs Therapeutics, Inc.(a)(b)

    11,845       348,480  
   

 

 

  
      93,485,188  
Building Products — 1.0%  

Advanced Drainage Systems, Inc.

     47,347       1,981,945  

Apogee Enterprises, Inc.

     5,246       158,377  

Builders FirstSource, Inc.(a)

    234,553       5,326,699  

Caesarstone Ltd.

     19,767       213,681  

Gibraltar Industries, Inc.(a)

    12,734       645,232  

Trex Co., Inc.(a)(b)

    29,445       2,816,414  

Universal Forest Products, Inc.

     4,671       218,883  
   

 

 

  
      11,361,231  
Capital Markets — 1.8%            

Ares Management Corp., Class A

     59,942       2,073,394  

Artisan Partners Asset Management, Inc., Class A

     24,568       702,153  

Brightsphere Investment Group, Inc.

     157,759       1,475,047  

Cohen & Steers, Inc.

     13,464       843,520  

Donnelley Financial Solutions, Inc.(a)

    103,647       901,729  

Focus Financial Partners, Inc., Class A(a)

    22,864       621,672  

Hamilton Lane, Inc., Class A

     25,986       1,614,770  

Houlihan Lokey, Inc.

     41,215       2,111,032  

Moelis & Co., Class A

     50,418       1,611,359  

Silvercrest Asset Management Group, Inc., Class A

     7,019       81,140  

Stifel Financial Corp.

     67,675       3,684,227  
Security   Shares     Value  
Capital Markets (continued)            

Virtus Investment Partners, Inc.

     47,683     $ 5,264,203  

Waddell & Reed Financial, Inc., Class A

     17,499       240,786  

Westwood Holdings Group, Inc.

     15,308       388,517  

WisdomTree Investments, Inc.

     48,163       195,542  
   

 

 

  
      21,809,091  
Chemicals — 1.0%            

Ingevity Corp.(a)

    5,057       227,767  

Innospec, Inc.

     20,349       1,761,002  

PolyOne Corp.

     367,101       9,089,421  

Stepan Co.

     9,351       821,298  

Trinseo SA

     15,016       328,550  
   

 

 

  
      12,228,038  
Commercial Services & Supplies — 2.3%            

ARC Document Solutions, Inc.

     126,291       174,282  

CECO Environmental Corp.(a)(b)

    26,071       175,979  

Ennis, Inc.

     42,612       856,501  

Healthcare Services Group, Inc.

     55,706       1,534,143  

Kimball International, Inc., Class B

     9,608       155,457  

McGrath RentCorp

     136,940       9,510,483  

Mobile Mini, Inc.

     213,516       8,324,989  

Steelcase, Inc., Class A

     321,671       5,217,504  

Viad Corp.

     32,338       1,623,368  
   

 

 

  
      27,572,706  
Communications Equipment — 0.6%            

Calix, Inc.(a)

    175,823       1,582,407  

Ciena Corp.(a)

    115,076       4,424,672  

TESSCO Technologies, Inc.

     94,551       566,361  
   

 

 

  
      6,573,440  
Construction & Engineering — 1.9%            

Comfort Systems USA, Inc.

     288,815       12,193,769  

Dycom Industries, Inc.(a)

    110,278       3,259,818  

EMCOR Group, Inc.

     45,867       3,528,090  

MasTec, Inc.(a)

    41,172       2,020,722  

MYR Group, Inc.(a)

    54,218       1,383,101  

WillScot Corp.(a)

    33,717       591,396  
   

 

 

  
      22,976,896  
Construction Materials — 0.3%            

Summit Materials, Inc., Class A(a)

    183,022       3,576,250  
   

 

 

  
Consumer Finance — 1.6%  

Enova International, Inc.(a)

    81,874       1,573,618  

FirstCash, Inc.

     202,834       15,601,991  

Green Dot Corp., Class A(a)

    17,794       607,843  

Regional Management Corp.(a)

    63,522       1,629,339  
   

 

 

  
      19,412,791  
Distributors — 0.2%            

Core-Mark Holding Co., Inc.

     89,597       2,061,627  
   

 

 

  
Diversified Consumer Services — 1.2%  

Chegg, Inc.(a)

    137,155       5,377,848  

OneSpaWorld Holdings Ltd.

     57,719       705,326  

Perdoceo Education Corp.(a)

    9,141       136,475  

Strategic Education, Inc.

     51,161       7,540,108  

Zovio, Inc.(a)

    44       69  
   

 

 

  
      13,759,826  
Diversified Financial Services — 0.1%            

Alerus Financial Corp.

     5,366       109,788  

FGL Holdings

     91,238       1,043,763  

On Deck Capital, Inc.(a)(b)

    28,610       99,849  
   

 

 

  
      1,253,400  
Diversified Telecommunication Services — 0.8%  

Cogent Communications Holdings, Inc.

     116,471       8,503,548  

Consolidated Communications Holdings, Inc.

     52,355       325,648  

IDT Corp., Class B(a)

    22,890       176,253  
 

 

 

2        

Schedule of Investments  (unaudited) (continued)

February 29, 2020

   

BlackRock Advantage Small Cap Core Fund

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Diversified Telecommunication Services (continued)  

Iridium Communications, Inc.(a)

    4,133     $ 111,880  

Ooma, Inc.(a)

    57,378       736,160  
   

 

 

  
      9,853,489  
Electric Utilities — 1.2%            

El Paso Electric Co.

     25,417       1,725,052  

IDACORP, Inc.

     75,874       7,332,463  

Portland General Electric Co.

     85,003       4,625,013  
   

 

 

  
      13,682,528  
Electrical Equipment — 0.7%            

Atkore International Group, Inc.(a)

    132,671       4,896,887  

AZZ, Inc.

     24,471       902,735  

Encore Wire Corp.

     33,530       1,641,964  

LSI Industries, Inc.

     73,401       487,383  
   

 

 

  
      7,928,969  
Electronic Equipment, Instruments & Components — 2.5%  

Anixter International, Inc.(a)

    19,082       1,860,686  

Daktronics, Inc.

     36,190       178,055  

ePlus, Inc.(a)

    48,564       3,679,209  

Fabrinet(a)

    15,814       871,668  

II-VI, Inc.(a)

    12,884       382,526  

Insight Enterprises, Inc.(a)

    7,052       388,495  

OSI Systems, Inc.(a)

    94,921       7,714,230  

PC Connection, Inc.

     99,943       4,064,682  

Sanmina Corp.(a)

    110,914       2,915,929  

ScanSource, Inc.(a)

    150,871       4,289,263  

Tech Data Corp.(a)

    22,234       3,165,899  
   

 

 

  
      29,510,642  
Energy Equipment & Services — 0.7%  

Archrock, Inc.

     324,759       2,289,551  

Exterran Corp.(a)

    68,802       350,890  

Forum Energy Technologies, Inc.(a)(b)

    779,955       608,365  

Independence Contract Drilling, Inc.(a)(b)

    37,394       14,778  

Liberty Oilfield Services, Inc., Class A

     14,742       98,624  

Natural Gas Services Group, Inc.(a)

    33,524       331,217  

NexTier Oilfield Solutions, Inc.(a)

    26,715       124,492  

Oceaneering International, Inc.(a)

    244,453       2,576,535  

Oil States International, Inc.(a)

    40,887       323,416  

Pioneer Energy Services Corp.(a)

    286       10  

ProPetro Holding Corp.(a)

    126,119       1,104,802  

Seadrill Ltd.(a)(b)

    25,412       27,953  

Superior Energy Services, Inc.(a)(b)

    67,843       245,592  
   

 

 

  
      8,096,225  
Entertainment — 0.2%            

IMAX Corp.(a)

    96,509       1,503,610  

Marcus Corp.

     24,179       646,063  
   

 

 

  
      2,149,673  
Equity Real Estate Investment Trusts (REITs) — 7.3%  

Armada Hoffler Properties, Inc.

     185,118       3,102,578  

City Office REIT, Inc.

     380,818       4,417,489  

DiamondRock Hospitality Co.

     511,948       4,668,966  

EastGroup Properties, Inc.

     87,546       11,007,159  

First Industrial Realty Trust, Inc.

     169,014       6,507,039  

Four Corners Property Trust, Inc.

     286,693       8,225,222  

Hersha Hospitality Trust

     228,957       2,639,874  

National Storage Affiliates Trust

     56,262       1,898,280  

NexPoint Residential Trust, Inc.

     168,436       7,495,402  

Pebblebrook Hotel Trust

     171,214       3,460,235  

Physicians Realty Trust

     45,455       857,281  

Plymouth Industrial REIT, Inc.

     129,295       2,426,867  

QTS Realty Trust, Inc., Class A

     244,611       13,739,800  

Retail Value, Inc.

     1,907       52,996  

RLJ Lodging Trust

     501,902       6,630,125  

Ryman Hospitality Properties, Inc.

     63,548       4,417,221  
Security   Shares     Value  
Equity Real Estate Investment Trusts (REITs) (continued)  

Summit Hotel Properties, Inc.

     334,564     $ 3,101,408  

Terreno Realty Corp.

     15,453       847,906  
   

 

 

  
      85,495,848  
Food & Staples Retailing — 0.4%            

Natural Grocers by Vitamin Cottage, Inc.

     21,018       145,024  

Performance Food Group Co.(a)

    100,349       4,254,798  

Weis Markets, Inc.

     9,180       341,955  
   

 

 

  
      4,741,777  
Food Products — 2.2%            

Calavo Growers, Inc.

     86,136       6,240,553  

Freshpet, Inc.(a)

    115,741       7,692,147  

Hostess Brands, Inc.(a)(b)

    228,941       2,909,840  

J&J Snack Foods Corp.

     33,258       5,348,552  

John B. Sanfilippo & Son, Inc.

     39,956       2,804,512  

Lancaster Colony Corp.

     2,496       360,547  
   

 

 

  
      25,356,151  
Gas Utilities — 1.6%            

New Jersey Resources Corp.

     255,997       9,039,254  

ONE Gas, Inc.

     2,731       224,324  

Southwest Gas Holdings, Inc.

     141,195       9,132,493  
   

 

 

  
      18,396,071  
Health Care Equipment & Supplies — 2.0%            

Accuray, Inc.(a)

    88,369       262,014  

AngioDynamics, Inc.(a)(b)

    9,315       107,029  

AtriCure, Inc.(a)

    12,588       483,631  

Cardiovascular Systems, Inc.(a)(b)

    50,019       1,881,715  

Cerus Corp.(a)

    38       195  

GenMark Diagnostics, Inc.(a)(b)

    66,804       233,146  

Globus Medical, Inc., Class A(a)

    54,919       2,483,986  

Inogen, Inc.(a)

    66,506       3,044,645  

Integer Holdings Corp.(a)

    33,779       3,045,852  

iRadimed Corp.(a)

    8,930       211,998  

iRhythm Technologies, Inc.(a)(b)

    31,875       2,772,169  

Merit Medical Systems, Inc.(a)

    36,809       1,325,492  

Neogen Corp.(a)

    5,491       333,578  

Novocure Ltd.(a)(b)

    50,355       3,663,326  

Shockwave Medical, Inc.(a)

    6,818       273,675  

SI-BONE, Inc.(a)

    19,810       382,531  

Silk Road Medical, Inc.(a)(b)

    28,173       1,122,694  

Tactile Systems Technology, Inc.(a)

    8,097       408,170  

TransMedics Group, Inc.(a)

    62,583       982,553  

Varex Imaging Corp.(a)

    18,099       420,259  
   

 

 

  
      23,438,658  
Health Care Providers & Services — 3.7%            

AMN Healthcare Services, Inc.(a)

    146,372       10,772,979  

Chemed Corp.

     1,802       752,551  

Enzo Biochem, Inc.(a)(b)

    1,739       3,704  

HealthEquity, Inc.(a)

    116,535       8,272,820  

LHC Group, Inc.(a)

    24,512       2,977,228  

Magellan Health, Inc.(a)

    8,897       533,909  

Patterson Cos., Inc.

     328,611       7,817,656  

Select Medical Holdings Corp.(a)

    230,305       5,513,502  

U.S. Physical Therapy, Inc.

     70,675       7,365,749  
   

 

 

  
      44,010,098  
Health Care Technology — 2.3%            

Allscripts Healthcare Solutions, Inc.(a)

    402,930       3,038,092  

Castlight Health, Inc., Class B(a)

    356,531       323,124  

Evolent Health, Inc., Class A(a)

    150,333       1,389,077  

Inovalon Holdings, Inc., Class A(a)

    164,453       3,203,544  

Inspire Medical Systems, Inc.(a)

    24,434       2,098,148  

NextGen Healthcare, Inc.(a)

    22,480       294,038  

Omnicell, Inc.(a)(b)

    93,055       7,581,191  

Phreesia, Inc.(a)

    165,282       5,130,353  
 

 

 

          3  

Schedule of Investments  (unaudited) (continued)

February 29, 2020

   

BlackRock Advantage Small Cap Core Fund

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Health Care Technology (continued)            

Teladoc Health, Inc.(a)(b)

    17,355     $ 2,168,681  

Vocera Communications, Inc.(a)

    55,260       1,347,791  
   

 

 

  
      26,574,039  
Hotels, Restaurants & Leisure — 3.0%  

BJ’s Restaurants, Inc.

     104,277       3,435,927  

Boyd Gaming Corp.

     110,496       2,951,348  

Century Casinos, Inc.(a)

    110,945       774,396  

Cheesecake Factory, Inc.

     93,310       3,324,635  

Churchill Downs, Inc.

     29,088       3,654,616  

Chuy’s Holdings, Inc.(a)

    5,336       114,404  

Denny’s Corp.(a)

    14,727       256,397  

Eldorado Resorts, Inc.(a)

    7,758       389,296  

Everi Holdings, Inc.(a)

    21,541       224,026  

J. Alexander’s Holdings, Inc.(a)

    55,608       456,542  

PlayAGS, Inc.(a)

    17,648       171,009  

Ruth’s Hospitality Group, Inc.

     63,505       1,214,851  

Target Hospitality Corp.(a)(b)

    189,809       888,306  

Texas Roadhouse, Inc.

     244,960       13,771,651  

Wingstop, Inc.

     50,088       4,229,932  
   

 

 

  
      35,857,336  
Household Durables — 2.2%            

Bassett Furniture Industries, Inc.

     14,810       146,175  

Century Communities, Inc.(a)(b)

    87,197       2,906,276  

Ethan Allen Interiors, Inc.

     23,502       310,226  

Green Brick Partners, Inc.(a)

    131,679       1,440,568  

Helen of Troy Ltd.(a)

    9,187       1,512,180  

Hooker Furniture Corp.

     30,517       574,025  

iRobot Corp.(a)(b)

    20,952       1,005,486  

KB Home

     6,984       227,609  

La-Z-Boy, Inc.

     8,822       252,750  

MDC Holdings, Inc.

     287,380       11,305,529  

Meritage Homes Corp.(a)

    26,771       1,698,888  

TopBuild Corp.(a)

    25,750       2,600,750  

TRI Pointe Group, Inc.(a)

    86,120       1,320,220  

ZAGG, Inc.(a)(b)

    77,324       519,617  
   

 

 

  
      25,820,299  
Household Products — 0.0%            

Central Garden & Pet Co.(a)

    6,776       181,461  
   

 

 

  
Insurance — 1.5%  

BRP Group, Inc., Class A(a)

    56,511       872,530  

CNO Financial Group, Inc.

     404,099       6,473,666  

eHealth, Inc.(a)

    1,254       147,157  

Employers Holdings, Inc.

     33,430       1,288,392  

FedNat Holding Co.

     49,800       649,392  

Global Indemnity Ltd.

     5,683       180,492  

Greenlight Capital Re Ltd., Class A(a)(b)

    34,985       295,273  

HCI Group, Inc.

     8,739       371,582  

Heritage Insurance Holdings, Inc.

     65,906       735,511  

Investors Title Co.

     842       138,054  

Kinsale Capital Group, Inc.

     2,422       294,200  

National General Holdings Corp.

     157,813       3,072,619  

Protective Insurance Corp., Class B

     43,144       615,233  

RLI Corp.

     3,839       308,579  

Safety Insurance Group, Inc.

     1,941       152,834  

United Insurance Holdings Corp.

     46,700       438,980  

Universal Insurance Holdings, Inc.

     15,720       325,247  

Watford Holdings Ltd.(a)(b)

    66,451       1,517,076  
   

 

 

  
      17,876,817  
Interactive Media & Services — 0.7%  

Cargurus, Inc.(a)

    81,748       2,083,757  

Cars.com, Inc.(a)

    79,163       718,800  

EverQuote, Inc., Class A(a)(b)

    29,971       1,217,422  

QuinStreet, Inc.(a)

    29,265       376,933  

TrueCar, Inc. (a)

    160,072       420,989  

Yelp, Inc.(a)

    100,693       3,148,670  
   

 

 

  
      7,966,571  
Security   Shares     Value  
Internet & Direct Marketing Retail — 0.3%  

1-800-Flowers.com, Inc., Class A(a)(b)

    138,724     $ 2,502,581  

RealReal, Inc.(a)

    43,088       602,801  

U.S. Auto Parts Network, Inc.(a)

    176       415  
   

 

 

  
      3,105,797  
IT Services — 2.5%            

CSG Systems International, Inc.

     166,205       7,354,571  

Hackett Group, Inc.

     170,139       2,620,141  

International Money Express, Inc.(a)(b)

    100,547       947,153  

LiveRamp Holdings, Inc.(a)(b)

    48,429       1,716,324  

ManTech International Corp., Class A

     114,293       8,560,546  

MAXIMUS, Inc.

     8,124       511,974  

Perficient, Inc.(a)

    38,556       1,579,639  

Repay Holdings Corp.(a)(b)

    149,870       2,627,221  

Verra Mobility Corp.(a)

    156,116       2,364,377  

Virtusa Corp.(a)

    17,733       782,203  
   

 

 

  
      29,064,149  
Leisure Products — 0.3%            

Malibu Boats, Inc., Class A(a)

    69,186       3,040,033  
   

 

 

  
Life Sciences Tools & Services — 1.4%  

Adaptive Biotechnologies Corp.(a)

    8,469       237,979  

Luminex Corp.

     88,201       2,183,857  

Medpace Holdings, Inc.(a)

    31,226       2,808,466  

NanoString Technologies, Inc.(a)

    46,434       1,655,836  

NeoGenomics, Inc.(a)

    115,291       3,266,194  

Personalis, Inc.(a)(b)

    46,267       403,911  

Repligen Corp.(a)

    18,661       1,597,382  

Syneos Health, Inc.(a)

    61,967       3,925,609  
   

 

 

  
      16,079,234  
Machinery — 2.8%            

Albany International Corp., Class A

     1,832       117,376  

Blue Bird Corp.(a)

    81,248       1,452,714  

CIRCOR International, Inc.(a)(b)

    5,111       183,894  

ESCO Technologies, Inc.

     174,786       15,891,543  

Evoqua Water Technologies Corp.(a)(b)

    153,610       3,221,202  

Federal Signal Corp.

     10,559       306,211  

Franklin Electric Co., Inc.

     19,179       991,363  

Greenbrier Cos., Inc.

     33,049       800,777  

Hillenbrand, Inc.

     93,482       2,187,479  

John Bean Technologies Corp.

     13,565       1,313,906  

Miller Industries, Inc.

     45,797       1,360,629  

Park-Ohio Holdings Corp.

     11,248       275,801  

REV Group, Inc.

     15,190       118,938  

Rexnord Corp.

     39,966       1,165,409  

SPX Corp.(a)

    33,180       1,391,237  

Wabash National Corp.

     123,725       1,358,501  

Watts Water Technologies, Inc., Class A

     10,156       953,750  
   

 

 

  
      33,090,730  
Media — 0.9%            

Cardlytics, Inc.(a)

    17,232       1,368,048  

Entravision Communications Corp., Class A

     337,759       678,896  

EW Scripps Co., Class A

     71,191       847,173  

Gannett Co., Inc.

     90,283       379,189  

Gray Television, Inc.(a)

    71,923       1,360,783  

iHeartMedia, Inc., Class A(a)(b)

    246,016       3,717,302  

Meredith Corp.

     7,698       202,842  

MSG Networks, Inc., Class A(a)(b)

    52,005       657,343  

TechTarget, Inc.(a)

    63,311       1,464,383  
   

 

 

  
      10,675,959  
Metals & Mining — 1.0%            

Carpenter Technology Corp.

     31,588       1,160,859  

Commercial Metals Co.

     26,264       479,581  

Kaiser Aluminum Corp.

     8,837       835,538  

Materion Corp.

     89,188       4,043,784  

Olympic Steel, Inc.

     37,790       455,370  

Ryerson Holding Corp.(a)

    123,970       1,032,670  
 

 

 

4        

Schedule of Investments  (unaudited) (continued)

February 29, 2020

   

BlackRock Advantage Small Cap Core Fund

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Metals & Mining (continued)            

Schnitzer Steel Industries, Inc., Class A

     237,789     $ 3,918,763  
   

 

 

  
      11,926,565  
Mortgage Real Estate Investment Trusts (REITs) — 0.9%  

AG Mortgage Investment Trust, Inc.

     22,345       334,505  

Ares Commercial Real Estate Corp.

     19,054       290,764  

Blackstone Mortgage Trust, Inc., Class A

     7,196       259,488  

Ellington Financial, Inc.

     55,134       911,365  

Exantas Capital Corp.

     3,775       43,262  

Great Ajax Corp.

     69,926       988,054  

Invesco Mortgage Capital, Inc.

     348,658       5,606,421  

KKR Real Estate Finance Trust, Inc.

     53,107       1,043,021  

Ladder Capital Corp.

     5,012       76,433  

TPG RE Finance Trust, Inc.

     62,507       1,201,385  
   

 

 

  
      10,754,698  
Multi-Utilities — 0.2%            

Avista Corp.

     30,393       1,433,030  

NorthWestern Corp.

     8,446       594,092  
   

 

 

  
      2,027,122  
Oil, Gas & Consumable Fuels — 1.3%  

Ardmore Shipping Corp.

     16,595       91,273  

Brigham Minerals, Inc., Class A

     90,734       1,447,207  

Callon Petroleum Co.(a)

    167,643       380,550  

CVR Energy, Inc.

     49,028       1,393,376  

Delek U.S. Holdings, Inc.

     137,927       2,948,879  

Evolution Petroleum Corp.

     294,742       1,388,235  

Golar LNG Ltd.

     11,627       149,000  

Laredo Petroleum, Inc.(a)

    446,047       481,731  

Magnolia Oil & Gas Corp., Class A(a)

    35,564       267,086  

Matador Resources Co.(a)(b)

    332,043       3,200,895  

Montage Resources Corp.(a)

    1       3  

Nordic American Tankers Ltd.

     184,461       593,964  

Oasis Petroleum, Inc.(a)(b)

    116,245       190,061  

PDC Energy, Inc.(a)

    77,311       1,471,228  

Penn Virginia Corp.(a)

    21,052       334,727  

Scorpio Tankers, Inc.

     38,488       761,293  

Talos Energy, Inc.(a)(b)

    51,862       736,440  

Teekay Corp.(a)

    17,873       65,415  
   

 

 

  
      15,901,363  
Paper & Forest Products — 0.7%            

Boise Cascade Co.

     226,410       8,033,027  
   

 

 

  
Personal Products — 0.1%  

elf Beauty, Inc.(a)

    34,020       542,959  

Natural Health Trends Corp.

     80       283  

USANA Health Sciences, Inc.(a)

    5,506       363,947  
   

 

 

  
      907,189  
Pharmaceuticals — 2.3%            

Amneal Pharmaceuticals, Inc.(a)(b)

    292,542       1,126,287  

Amphastar Pharmaceuticals, Inc.(a)

    63,121       971,432  

BioDelivery Sciences International, Inc.(a)

    190,382       925,257  

Corcept Therapeutics, Inc.(a)

    119,550       1,508,721  

Horizon Therapeutics PLC(a)

    71,099       2,433,008  

Innoviva, Inc.(a)

    123,619       1,665,148  

Intersect ENT, Inc.(a)

    71,481       1,705,537  

Intra-Cellular Therapies, Inc.(a)(b)

    20,589       434,428  

MyoKardia, Inc.(a)

    7,529       477,263  

NGM Biopharmaceuticals, Inc.(a)

    84,098       1,517,128  

Pacira BioSciences, Inc.(a)

    75,648       3,281,610  

Phibro Animal Health Corp., Class A

     25,893       653,798  

Prestige Consumer Healthcare, Inc.(a)

    154,995       5,790,613  

Reata Pharmaceuticals, Inc., Class A(a)

    11,002       2,142,640  

Supernus Pharmaceuticals, Inc.(a)

    87,378       1,571,930  

Tricida, Inc.(a)(b)

    17,153       545,122  
   

 

 

  
      26,749,922  
Security   Shares     Value  
Professional Services — 2.7%  

ASGN, Inc.(a)

    90,096     $ 4,568,768  

CRA International, Inc.

     59,906       2,786,228  

Exponent, Inc.

     7,601       559,814  

Forrester Research, Inc.(a)

    18,036       650,378  

Franklin Covey Co.(a)

    95,325       2,997,971  

ICF International, Inc.

     41,930       3,185,841  

Insperity, Inc.

     129,374       8,702,989  

Kforce, Inc.

     150,414       4,581,610  

TriNet Group, Inc.(a)

    61,301       3,240,371  
   

 

 

  
      31,273,970  
Real Estate Management & Development — 0.4%  

RE/MAX Holdings, Inc., Class A

     122,921       3,583,147  

RMR Group, Inc., Class A

     35,841       1,335,436  
   

 

 

  
      4,918,583  
Road & Rail — 0.4%            

Covenant Transportation Group, Inc., Class A(a)(b)

    151,483       1,832,944  

Marten Transport Ltd.

     99,810       1,950,287  

Saia, Inc.(a)

    3,568       311,522  

Universal Logistics Holdings, Inc.

     69,924       1,077,529  
   

 

 

  
      5,172,282  
Semiconductors & Semiconductor Equipment — 3.3%  

Advanced Energy Industries, Inc.(a)

    9,459       562,574  

Ambarella, Inc.(a)(b)

    155,121       9,221,943  

Amkor Technology, Inc.(a)

    529,561       5,525,969  

Brooks Automation, Inc.

     12,589       434,446  

Cirrus Logic, Inc.(a)

    222,180       15,250,435  

FormFactor, Inc.(a)

    198,594       4,442,548  

Inphi Corp.(a)

    28,376       2,118,552  

Power Integrations, Inc.

     6,549       570,090  

Synaptics, Inc.(a)

    6,041       399,008  
   

 

 

  
      38,525,565  
Software — 5.8%            

A10 Networks, Inc.(a)(b)

    72,706       487,857  

Alarm.com Holdings, Inc.(a)

    155,222       7,489,462  

Benefitfocus, Inc.(a)

    466,204       5,818,226  

Bill.Com Holdings, Inc.(a)(b)

    2,371       134,578  

Blackline, Inc.(a)

    3,004       187,960  

Bottomline Technologies DE, Inc.(a)

    86,305       3,821,585  

Box, Inc., Class A(a)(b)

    344,031       5,762,519  

Cloudera, Inc.(a)

    87,907       782,372  

CommVault Systems, Inc.(a)

    160,263       6,682,967  

Cornerstone OnDemand, Inc.(a)(b)

    26,573       1,090,290  

Five9, Inc.(a)(b)

    15,742       1,149,638  

Model N, Inc.(a)

    65,465       1,898,485  

Paylocity Holding Corp.(a)(b)

    73,144       9,473,611  

PROS Holdings, Inc.(a)(b)

    15,127       692,665  

Qualys, Inc.(a)(b)

    12,584       1,008,985  

Rapid7, Inc.(a)

    58,619       2,714,060  

RingCentral, Inc., Class A(a)

    33,444       7,884,423  

SPS Commerce, Inc.(a)

    155,595       8,184,297  

Yext, Inc.(a)(b)

    167,687       2,542,135  
   

 

 

  
      67,806,115  
Specialty Retail — 2.2%            

America’s Car-Mart, Inc.(a)

    15,099       1,551,724  

Asbury Automotive Group, Inc.(a)

    95,708       8,483,557  

Group 1 Automotive, Inc.

     44,687       3,808,673  

Lithia Motors, Inc., Class A

     31,102       3,706,114  

MarineMax, Inc.(a)

    179,579       3,040,272  

National Vision Holdings, Inc.(a)

    6,267       218,217  

Shoe Carnival, Inc.

     10,612       317,405  

Sonic Automotive, Inc., Class A

     124,687       3,491,236  

Tilly’s, Inc., Class A

     41,524       269,906  
 

 

 

          5  

Schedule of Investments  (unaudited) (continued)

February 29, 2020

   

BlackRock Advantage Small Cap Core Fund

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Specialty Retail (continued)            

Zumiez, Inc.(a)

    45,279     $ 1,201,252  
   

 

 

  
      26,088,356  
Technology Hardware, Storage & Peripherals — 0.0%  

Super Micro Computer, Inc.(a)(b)

    20,082       509,681  
   

 

 

  
Textiles, Apparel & Luxury Goods — 1.3%  

Crocs, Inc.(a)

    107,887       2,823,403  

Culp, Inc.

     11,050       100,776  

G-III Apparel Group Ltd.(a)(b)

    74,256       1,660,364  

Oxford Industries, Inc.

     95,722       5,780,652  

Steven Madden Ltd.

     81,290       2,658,183  

Wolverine World Wide, Inc.

     81,623       2,145,869  
   

 

 

  
      15,169,247  
Thrifts & Mortgage Finance — 1.8%            

Capitol Federal Financial, Inc.

     14,625       178,498  

Essent Group Ltd.

     104,224       4,548,335  

Federal Agricultural Mortgage Corp., Class C

     48,611       3,648,742  

First Defiance Financial Corp.

     96,847       2,316,096  

Merchants Bancorp

     40,004       720,872  

Meridian Bancorp, Inc.

     53,144       877,407  

Northwest Bancshares, Inc.

     43,998       611,132  

Provident Bancorp, Inc.(a)

    49,769       546,961  

Radian Group, Inc.

     111,936       2,377,521  

Riverview Bancorp, Inc.

     253,347       1,634,088  

Washington Federal, Inc.

     113,173       3,394,058  

WSFS Financial Corp.

     12,754       439,503  
   

 

 

  
      21,293,213  
Tobacco — 0.1%            

Vector Group Ltd.

     82,775       961,846  
   

 

 

  
Trading Companies & Distributors — 2.6%  

Applied Industrial Technologies, Inc.

     154,402       9,108,174  

BMC Stock Holdings, Inc.(a)

    234,821       5,760,159  

DXP Enterprises, Inc.(a)

    15,876       450,720  

Foundation Building Materials, Inc.(a)

    124,125       1,936,350  

GATX Corp.

     14,058       1,005,569  

GMS, Inc.(a)

    31,104       710,726  

H&E Equipment Services, Inc.

     99,691       2,368,658  

Herc Holdings, Inc.(a)

    140,019       5,135,897  

Lawson Products, Inc.(a)

    3,091       123,640  
Security   Shares     Value  
Trading Companies & Distributors (continued)  

SiteOne Landscape Supply, Inc.(a)

    36,511     $ 3,623,717  
   

 

 

  
      30,223,610  
Water Utilities — 0.3%            

American States Water Co.

     40,912       3,133,450  
   

 

 

  

Total Common Stocks — 98.6%
(Cost: $1,183,784,910)

 

     1,158,859,155  
   

 

 

  

Rights — 0.0%

    
Biotechnology — 0.0%            

Alder Biopharmaceuticals, Inc. — CVR(a)(c)

    38,614       33,980  
   

 

 

  
Metals & Mining — 0.0%  

Pan American Silver Corp. — CVR(a)(b)(c)

    125,419       79,014  
   

 

 

  

Total Rights — 0.0%
(Cost: $—)

 

     112,994  
   

 

 

  

Total Long-Term Investments — 98.6%
(Cost: $1,183,784,910)

 

     1,158,972,149  
   

 

 

  

Short-Term Securities — 3.6%

 

  

BlackRock Liquidity Funds, T-Fund,
Institutional Class, 1.49%(d)(f)

    9,299,011       9,299,011  

SL Liquidity Series, LLC,
Money Market Series, 1.75%(d)(e)(f)

    32,793,806       32,810,203  
   

 

 

  

Total Short-Term Securities — 3.6%
(Cost: $42,093,783)

 

     42,109,214  
   

 

 

  

Total Investments — 102.2%
(Cost: $1,225,878,693)

 

     1,201,081,363  

Liabilities in Excess of Other Assets — (2.2)%

 

     (26,398,911 ) 
   

 

 

  

Net Assets — 100.0%

     $ 1,174,682,452  
   

 

 

  
 

 

(a) 

Non-income producing security.

(b) 

Security, or a portion of the security, is on loan.

(c) 

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

(d) 

Annualized 7-day yield as of period end.

(e) 

Security was purchased with the cash collateral from loaned securities.

(f) 

During the period ended February 29, 2020, investments in issuers considered to be an affiliate/affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  
Affiliate    Shares
Held at
05/31/19		      Net
Activity		      Shares
Held at
02/29/20		      Value at
02/29/20		      Income     

Net
Realized
Gain (Loss) (a)

      Change in
Unrealized
Appreciation
(Depreciation)		  

 

  

BlackRock Liquidity Funds, T-Fund, Institutional Class

      30,107,987        (20,808,976 )       9,299,011      $ 9,299,011      $ 204,581                      $ 22                      $ —  

SL Liquidity Series, LLC,
Money Market Series

      32,030,621        763,185        32,793,806        32,810,203        181,577 (b)          4,923           9,974  
           

 

 

     

 

 

        

 

 

        

 

 

  
            $ 42,109,214      $ 386,158         $ 4,945         $ 9,974  
           

 

 

     

 

 

        

 

 

        

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 
  (b) 

Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

For Fund compliance purposes, the Fund’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

 

Portfolio Abbreviation
CVR    Contingent Value Rights

 

 

6        

Schedule of Investments  (unaudited) (continued)

February 29, 2020

   

BlackRock Advantage Small Cap Core Fund

 

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

                            

Russell 2000 E-Mini Index

      181          03/20/20                      $ 13,348                      $ (717,422 ) 
                 

 

 

            

 

 

  

Fair Value Hierarchy as of Period End

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

 

  •  

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

 

  •  

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

 

  •  

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments and derivative 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 Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative 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 investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.

As of February 29, 2020, certain investments of the Fund were valued using net asset value (“NAV”) per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

                  

Investments:

                  

Long-Term Investments:

                  

Common Stocks(a)

   $ 1,158,859,155        $ —        $                       —        $     1,158,859,155  

Rights(a)

     79,014          —          33,980          112,994  

Short-Term Securities

      9,299,011          —          —          9,299,011  
  

 

 

       

 

 

       

 

 

       

 

 

  

Subtotal

    $             1,168,237,180        $                       —        $ 33,980        $ 1,168,271,160  
  

 

 

       

 

 

       

 

 

       

 

 

  

Investments Valued at NAV(b)

                    32,810,203  
                 

 

 

  

Total Investments

                   $ 1,201,081,363  
                 

 

 

  

 

  (a) 

See above Schedule of Investments for values in each industry.

 
  (b) 

Certain investments of the Fund were fair valued using NAV per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

 

 

      Level 1        Level 2        Level 3        Total  

Derivative Financial Instruments(a)

                 

Liabilities:

                  

Equity contracts

    $ (717,422 )       $                       —        $                       —        $ (717,422 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Future contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

 

 

          7