NPORT-EX 2 BLK_Ch_A_Opps_Part_F.htm 1.31 CHINA A PT F
Schedule
of
Investments
(unaudited)
January
31,
2025
BlackRock
China
A
Opportunities
Fund
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Air
Freight
&
Logistics
—
2.4%
SF
Holding
Co.
Ltd.
,
Class
A
............
70,600
$
380,361‌
Automobile
Components
—
1.4%
Autel
Intelligent
Technology
Corp.
Ltd.
,
Class
A
42,686
228,191‌
Automobiles
—
4.9%
BYD
Co.
Ltd.
,
Class
A
.................
12,800
481,987‌
Great
Wall
Motor
Co.
Ltd.
,
Class
A
........
41,400
141,140‌
Guangzhou
Automobile
Group
Co.
Ltd.
,
Class
A
12,500
14,732‌
Seres
Group
Co.
Ltd.
,
Class
A
...........
7,700
140,532‌
778,391‌
Banks
—
9.5%
Agricultural
Bank
of
China
Ltd.
,
Class
A
.....
19,900
14,039‌
Bank
of
Communications
Co.
Ltd.
,
Class
A
...
60,388
59,886‌
Bank
of
Jiangsu
Co.
Ltd.
,
Class
A
.........
58,000
78,788‌
Bank
of
Ningbo
Co.
Ltd.
,
Class
A
.........
12,240
44,228‌
China
Merchants
Bank
Co.
Ltd.
,
Class
A
....
116,150
647,280‌
Huaxia
Bank
Co.
Ltd.
,
Class
A
...........
150,900
156,860‌
Industrial
&
Commercial
Bank
of
China
Ltd.
,
Class
A
........................
11,000
10,257‌
Industrial
Bank
Co.
Ltd.
,
Class
A
..........
48,400
134,647‌
Shanghai
Pudong
Development
Bank
Co.
Ltd.
,
Class
A
........................
241,729
352,625‌
1,498,610‌
Beverages
—
5.8%
Kweichow
Moutai
Co.
Ltd.
,
Class
A
........
2,324
457,989‌
Wuliangye
Yibin
Co.
Ltd.
,
Class
A
.........
26,225
458,746‌
916,735‌
Biotechnology
—
0.9%
(a)
BeiGene
Ltd.
,
Class
A
.................
4,381
114,490‌
Bio-Thera
Solutions
Ltd.
,
Class
A
.........
9,502
24,243‌
138,733‌
Capital
Markets
—
6.6%
China
Galaxy
Securities
Co.
Ltd.
,
Class
A
...
11,500
21,994‌
China
International
Capital
Corp.
Ltd.
,
Class
A
11,300
48,175‌
China
Merchants
Securities
Co.
Ltd.
,
Class
A
.
22,300
54,991‌
CITIC
Securities
Co.
Ltd.
,
Class
A
.........
62,125
229,123‌
East
Money
Information
Co.
Ltd.
,
Class
A
....
42,900
135,028‌
Huatai
Securities
Co.
Ltd.
,
Class
A
........
157,400
366,775‌
SDIC
Capital
Co.
Ltd.
,
Class
A
...........
39,500
38,420‌
SooChow
Securities
Co.
Ltd.
,
Class
A
......
137,300
141,521‌
1,036,027‌
Chemicals
—
3.2%
KBC
Corp.
Ltd.
,
Class
A
(a)
..............
6,221
16,332‌
Yunnan
Yuntianhua
Co.
Ltd.
,
Class
A
......
40,507
127,868‌
Zhejiang
Longsheng
Group
Co.
Ltd.
,
Class
A
.
4,300
5,692‌
Zhejiang
NHU
Co.
Ltd.
,
Class
A
..........
114,900
353,948‌
503,840‌
Communications
Equipment
—
2.3%
Yealink
Network
Technology
Corp.
Ltd.
,
Class
A
49,244
277,129‌
ZTE
Corp.
,
Class
A
..................
16,126
88,281‌
365,410‌
Construction
&
Engineering
—
0.7%
China
National
Chemical
Engineering
Co.
Ltd.
,
Class
A
........................
30,500
31,103‌
Shanghai
Construction
Group
Co.
Ltd.
,
Class
A
217,500
74,178‌
105,281‌
Construction
Materials
—
1.7%
Anhui
Conch
Cement
Co.
Ltd.
,
Class
A
.....
76,990
262,715‌
Security
Shares
Shares
Value
Electrical
Equipment
—
6.6%
China
XD
Electric
Co.
Ltd.
,
Class
A
........
54,400
$
54,286‌
Contemporary
Amperex
Technology
Co.
Ltd.
,
Class
A
........................
21,549
762,091‌
Goldwind
Science
&
Technology
Co.
Ltd.
,
Class
A
............................
30,500
40,110‌
Pylon
Technologies
Co.
Ltd.
,
Class
A
.......
12,889
66,703‌
Sunwoda
Electronic
Co.
Ltd.
,
Class
A
......
4,300
12,601‌
Zhejiang
Chint
Electrics
Co.
Ltd.
,
Class
A
....
32,900
99,665‌
1,035,456‌
Electronic
Equipment,
Instruments
&
Components
—
11.6%
Avary
Holding
Shenzhen
Co.
Ltd.
,
Class
A
...
7,100
39,455‌
BOE
Technology
Group
Co.
Ltd.
,
Class
A
....
616,100
376,078‌
China
Railway
Signal
&
Communication
Corp.
Ltd.
,
Class
A
.....................
205,566
163,949‌
GoerTek,
Inc.
,
Class
A
................
48,400
183,890‌
Lingyi
iTech
Guangdong
Co.
,
Class
A
......
294,800
343,896‌
Luxshare
Precision
Industry
Co.
Ltd.
,
Class
A
.
24,370
134,708‌
Shennan
Circuits
Co.
Ltd.
,
Class
A
........
5,100
91,492‌
Shenzhen
JPT
Opto-Electronics
Co.
Ltd.
,
Class
A
............................
4,767
31,469‌
Shenzhen
Sunlord
Electronics
Co.
Ltd.
,
Class
A
9,000
37,837‌
Tianma
Microelectronics
Co.
Ltd.
,
Class
A
(a)
..
220,536
253,307‌
Zhejiang
Crystal-Optech
Co.
Ltd.
,
Class
A
...
55,588
167,031‌
1,823,112‌
Energy
Equipment
&
Services
—
0.7%
China
Petroleum
Engineering
Corp.
,
Class
A
.
45,500
21,466‌
Offshore
Oil
Engineering
Co.
Ltd.
,
Class
A
...
125,500
92,400‌
113,866‌
Food
Products
—
1.5%
Inner
Mongolia
Yili
Industrial
Group
Co.
Ltd.
,
Class
A
........................
30,300
115,796‌
Muyuan
Foods
Co.
Ltd.
,
Class
A
..........
25,400
129,616‌
245,412‌
Health
Care
Equipment
&
Supplies
—
0.8%
Shenzhen
Mindray
Bio-Medical
Electronics
Co.
Ltd.
,
Class
A
.....................
4,197
133,884‌
Health
Care
Providers
&
Services
—
0.1%
Shanghai
Pharmaceuticals
Holding
Co.
Ltd.
,
Class
A
........................
4,100
11,302‌
Household
Durables
—
5.8%
Gree
Electric
Appliances,
Inc.
of
Zhuhai
,
Class
A
............................
34,815
214,197‌
Haier
Smart
Home
Co.
Ltd.
,
Class
A
.......
98,100
372,993‌
Hisense
Visual
Technology
Co.
Ltd.
,
Class
A
.
6,000
19,447‌
Midea
Group
Co.
Ltd.
,
Class
A
...........
30,387
307,536‌
914,173‌
Independent
Power
and
Renewable
Electricity
Producers
—
1.8%
China
Yangtze
Power
Co.
Ltd.
,
Class
A
.....
32,800
129,490‌
GD
Power
Development
Co.
Ltd.
,
Class
A
...
135,200
77,659‌
Inner
Mongolia
MengDian
HuaNeng
Thermal
Power
Corp.
Ltd.
,
Class
A
............
125,101
71,695‌
278,844‌
Insurance
—
5.8%
China
Pacific
Insurance
Group
Co.
Ltd.
,
Class
A
30,500
135,312‌
People's
Insurance
Co.
Group
of
China
Ltd.
(The)
,
Class
A
....................
130,700
128,241‌
Ping
An
Insurance
Group
Co.
of
China
Ltd.
,
Class
A
........................
92,440
645,578‌
909,131‌
Schedule
of
Investments
(unaudited)
(continued)
January
31,
2025
BlackRock
China
A
Opportunities
Fund
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Life
Sciences
Tools
&
Services
—
0.5%
WuXi
AppTec
Co.
Ltd.
,
Class
A
...........
11,400
$
86,492‌
Machinery
—
4.1%
China
International
Marine
Containers
Group
Co.
Ltd.
,
Class
A
..................
135,800
151,507‌
CRRC
Corp.
Ltd.
,
Class
A
..............
127,790
130,316‌
Henan
Thinker
Automatic
Equipment
Co.
Ltd.
,
Class
A
........................
4,300
13,891‌
Shanghai
Zhenhua
Heavy
Industries
Co.
Ltd.
,
Class
A
........................
37,800
20,234‌
Weichai
Power
Co.
Ltd.
,
Class
A
..........
114,800
226,644‌
Zhengzhou
Coal
Mining
Machinery
Group
Co.
Ltd.
,
Class
A
.....................
58,000
104,686‌
647,278‌
Marine
Transportation
—
0.3%
COSCO
SHIPPING
Specialized
Carriers
Co.
Ltd.
,
Class
A
.....................
44,300
41,537‌
Metals
&
Mining
—
7.2%
Baoshan
Iron
&
Steel
Co.
Ltd.
,
Class
A
.....
186,910
179,077‌
CMOC
Group
Ltd.
,
Class
A
.............
216,600
215,697‌
Shandong
Nanshan
Aluminum
Co.
Ltd.
,
Class
A
643,200
358,333‌
Western
Mining
Co.
Ltd.
,
Class
A
.........
111,700
267,301‌
Zijin
Mining
Group
Co.
Ltd.
,
Class
A
.......
50,000
112,147‌
1,132,555‌
Oil,
Gas
&
Consumable
Fuels
—
0.8%
PetroChina
Co.
Ltd.
,
Class
A
............
110,300
124,902‌
Pharmaceuticals
—
3.0%
Asymchem
Laboratories
Tianjin
Co.
Ltd.
,
Class
A
............................
1,600
16,344‌
Dong-E-E-Jiao
Co.
Ltd.
,
Class
A
..........
29,900
248,641‌
Jiangsu
Hengrui
Pharmaceuticals
Co.
Ltd.
,
Class
A
........................
7,377
45,126‌
Sichuan
Kelun
Pharmaceutical
Co.
Ltd.
,
Class
A
7,800
30,040‌
Youcare
Pharmaceutical
Group
Co.
Ltd.
,
Class
A
............................
7,482
15,062‌
Yunnan
Baiyao
Group
Co.
Ltd.
,
Class
A
.....
7,421
58,844‌
Zhejiang
Medicine
Co.
Ltd.
,
Class
A
.......
29,000
59,835‌
473,892‌
Real
Estate
Management
&
Development
—
0.1%
Shanghai
SMI
Holding
Co.
Ltd.
,
Class
A
....
25,000
14,249‌
Semiconductors
&
Semiconductor
Equipment
—
3.0%
Advanced
Micro-Fabrication
Equipment,
Inc.
,
Class
A
........................
6,051
149,668‌
Bestechnic
Shanghai
Co.
Ltd.
,
Class
A
.....
538
29,211‌
Cambricon
Technologies
Corp.
Ltd.
,
Class
A
(a)
41
3,240‌
Hoyuan
Green
Energy
Co.
Ltd.
..........
9,592
20,296‌
Hygon
Information
Technology
Co.
Ltd.
,
Class
A
300
5,292‌
Motorcomm
Electronic
Technology
Co.
Ltd.
,
Class
A
(a)
.......................
1,193
14,486‌
Rockchip
Electronics
Co.
Ltd.
...........
1,500
34,000‌
Trina
Solar
Co.
Ltd.
,
Class
A
............
92,645
217,701‌
473,894‌
Software
—
3.2%
Beijing
Kingsoft
Office
Software,
Inc.
,
Class
A
.
2,681
116,179‌
DBAPP
Security
Ltd.
,
Class
A
(a)
..........
14,816
88,470‌
Fujian
Foxit
Software
Development
JSC
Ltd.
,
Class
A
........................
5,529
54,540‌
Hundsun
Technologies,
Inc.
,
Class
A
.......
6,100
21,756‌
Sangfor
Technologies,
Inc.
,
Class
A
.......
20,340
166,102‌
Topsec
Technologies
Group,
Inc.
,
Class
A
...
60,700
59,657‌
506,704‌
Security
Shares
Shares
Value
Technology
Hardware,
Storage
&
Peripherals
—
0.6%
Anker
Innovations
Technology
Co.
Ltd.
,
Class
A
5,600
$
83,430‌
IEIT
Systems
Co.
Ltd.
,
Class
A
...........
1,500
10,677‌
94,107‌
Trading
Companies
&
Distributors
—
0.2%
Sumec
Corp.
Ltd.
,
Class
A
..............
21,700
28,269‌
Wireless
Telecommunication
Services
—
1.0%
China
United
Network
Communications
Ltd.
,
Class
A
........................
227,079
151,952‌
Total
Long-Term
Investments
—
98
.1
%
(Cost:
$
14,356,791
)
...............................
15,455,305‌
Short-Term
Securities
Money
Market
Funds
—
2.1%
BlackRock
Liquidity
Funds,
T-Fund,
Institutional
Class
,
4.26
%
(b)
(c)
..................
336,074
336,074‌
Total
Short-Term
Securities
—
2
.1
%
(Cost:
$
336,074
)
.................................
336,074‌
Total
Investments
—
100
.2
%
(Cost:
$
14,692,865
)
...............................
15,791,379‌
Liabilities
in
Excess
of
Other
Assets
—
(
0.2
)
%
.............
(
35,134‌
)
Net
Assets
—
100.0%
...............................
$
15,756,245‌
(a)
Non-income
producing
security.
(b)
Affiliate
of
the
Fund.
(c)
Annualized
7-day
yield
as
of
period
end.
Schedule
of
Investments
(unaudited)
(continued)
January
31,
2025
BlackRock
China
A
Opportunities
Fund
4
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
January
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
10/31/24
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
01/31/25
Shares
Held
at
01/31/25
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Liquidity
Funds,
T-Fund,
Institutional
Class
.
$
227,421
$
108,653
(a)
$
—
$
—
$
—
$
336,074
336,074
$
1,444
$
—
—
—
(a)
Represents
net
amount
purchased
(sold).
For
purposes
of
this
report,
industry
and
sector
sub-classifications
may
differ
from
those
utilized
by
the
Fund
for
compliance
purposes.
Schedule
of
Investments
(unaudited)
(continued)
January
31,
2025
BlackRock
China
A
Opportunities
Fund
5
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.
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.
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
FTSE
China
A50
Index
......................................................
21
02/27/25
$
278
$
5,988
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
—
$
15,455,305
$
—
$
15,455,305
Short-Term
Securities
Money
Market
Funds
......................................
336,074
—
—
336,074
$
336,074
$
15,455,305
$
—
$
15,791,379
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
—
$
5,988
$
—
$
5,988
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Portfolio
Abbreviation
JSC
Joint
Stock
Company