Schedule of Investments (unaudited) July 31, 2022 |
BlackRock LifePath® ESG Index 2040 Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
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Investment Companies(a) |
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Equity Funds 82.3% | ||||||||
iShares Developed Real Estate Index Fund, Class K |
11,181 | $ | 113,936 | |||||
iShares ESG Aware MSCI EAFE ETF |
8,986 | 594,963 | ||||||
iShares ESG Aware MSCI EM ETF |
3,534 | 113,088 | ||||||
iShares ESG Aware MSCI USA ETF |
13,159 | 1,209,312 | ||||||
iShares ESG Aware MSCI USA Small-Cap ETF |
4,875 | 169,650 | ||||||
iShares MSCI Canada ETF |
1,533 | 54,130 | ||||||
iShares MSCI EAFE Small-Cap ETF |
1,632 | 94,999 | ||||||
iShares MSCI Emerging Markets Small-Cap ETF(b) |
677 | 33,566 | ||||||
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2,383,644 | ||||||||
Fixed-Income Funds 17.8% | ||||||||
iShares ESG Aware U.S. Aggregate Bond ETF |
8,016 | 402,002 | ||||||
iShares TIPS Bond ETF |
959 | 113,383 | ||||||
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515,385 | ||||||||
Money Market Funds 1.4% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 1.96%(c)(d) |
33,384 | 33,381 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 1.84%(c) |
5,570 | 5,570 | ||||||
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38,951 | ||||||||
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Total Investments 101.5% |
2,937,980 | |||||||
Liabilities in Excess of Other Assets (1.5)% |
(42,490 | ) | ||||||
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Net Assets 100.0% |
$ | 2,895,490 | ||||||
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(a) | Affiliate of the Fund. |
(b) | All or a portion of this security is on loan. |
(c) | Annualized 7-day yield as of period end. |
(d) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 07/31/22 |
Shares Held at 07/31/22 |
Income | Capital Gain Distributions from Underlying Funds |
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BlackRock Cash Funds: Institutional, SL Agency Shares |
$ 98,358 | $ | | $ (64,582 | )(a) | $ | (395) | $ | | $ | 33,381 | 33,384 | $ | 2,065 | (b) | $ | | |||||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
6,949 | | (1,379 | )(a) | | | 5,570 | 5,570 | 34 | | ||||||||||||||||||||||||||
iShares Developed Real Estate Index Fund, Class K |
114,569 | 27,103 | (14,029 | ) | (371) | (13,336 | ) | 113,936 | 11,181 | 2,238 | 186 | |||||||||||||||||||||||||
iShares ESG Aware MSCI EAFE ETF |
623,072 | 164,624 | (74,651 | ) | (7,631) | (110,451 | ) | 594,963 | 8,986 | 21,386 | | |||||||||||||||||||||||||
iShares ESG Aware MSCI EM ETF |
87,969 | 55,004 | (5,926 | ) | (1,092) | (22,867 | ) | 113,088 | 3,534 | 2,508 | | |||||||||||||||||||||||||
iShares ESG Aware MSCI USA ETF |
1,101,641 | 326,531 | (76,922 | ) | (4,522) | (137,416 | ) | 1,209,312 | 13,159 | 10,152 | | |||||||||||||||||||||||||
iShares ESG Aware MSCI USA Small-Cap ETF |
161,329 | 42,465 | (11,727 | ) | (161) | (22,256 | ) | 169,650 | 4,875 | 1,154 | | |||||||||||||||||||||||||
iShares ESG Aware U.S. Aggregate Bond ETF |
350,186 | 135,360 | (50,970 | ) | (5,609) | (26,965 | ) | 402,002 | 8,016 | 3,631 | | |||||||||||||||||||||||||
iShares MSCI Canada ETF |
93,640 | 15,600 | (47,743 | ) | 6,490 | (13,857 | ) | 54,130 | 1,533 | 1,670 | | |||||||||||||||||||||||||
iShares MSCI EAFE Small-Cap ETF |
99,049 | 25,570 | (4,680 | ) | (740) | (24,200 | ) | 94,999 | 1,632 | 3,723 | | |||||||||||||||||||||||||
iShares MSCI Emerging Markets Small-Cap ETF |
32,999 | 8,363 | (1,119 | ) | (128) | (6,549 | ) | 33,566 | 677 | 976 | | |||||||||||||||||||||||||
iShares TIPS Bond ETF |
96,502 | 29,193 | (4,258 | ) | (284) | (7,770 | ) | 113,383 | 959 | 4,388 | | |||||||||||||||||||||||||
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$ | (14,443) | $ | (385,667 | ) | $ | 2,937,980 | $ | 53,925 | $ | 186 | ||||||||||||||||||||||||||
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(a) | Represents net amount purchased (sold). |
(b) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
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Schedule of Investments (unaudited) (continued) July 31, 2022 |
BlackRock LifePath® ESG Index 2040 Fund |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| Level 1 Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access; |
| Level 2 Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other marketcorroborated inputs); and |
| Level 3 Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committees (the Global Valuation Committees) 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 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 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 Funds policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Funds financial instruments categorized in the fair value hierarchy. The breakdown of the Funds financial instruments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets |
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Investments |
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Investment Companies |
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Equity Funds |
$ | 2,383,644 | $ | | $ | | $ | 2,383,644 | ||||||||
Fixed-Income Funds |
515,385 | | | 515,385 | ||||||||||||
Money Market Funds |
38,951 | | | 38,951 | ||||||||||||
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$ | 2,937,980 | $ | | $ | | $ | 2,937,980 | |||||||||
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Portfolio Abbreviation | ||
ETF | Exchange-Traded Fund | |
MSCI | Morgan Stanley Capital International |
S C H E D U L E O F I N V E S T M E N T S | 2 |