Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the period
ended
January
31,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Security
Shares
Shares
Value
Short-Term
Securities
Money
Market
Funds
—
10.7%
(e)(f)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
3.82
%
(g)
...................
1,477,138
$
1,477,876
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
3.64
%
....................
30,439
30,439
Total
Short-Term
Securities
—
10
.7
%
(Cost:
$
1,508,243
)
...............................
1,508,315
Total
Investments
—
108
.7
%
(Cost:
$
15,168,241
)
...............................
15,373,010
Liabilities
in
Excess
of
Other
Assets
—
(
8.7
)
%
.............
(
1,224,369
)
Net
Assets
—
100.0%
...............................
$
14,148,641
(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)
All
or
a
portion
of
this
security
is
on
loan.
(c)
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.
(d)
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.
(e)
Affiliate
of
the
Fund.
(f)
Annualized
7-day
yield
as
of
period
end.
(g)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
Affiliated
Issuer
Value
at
10/31/25
Purchases
at
Cost
Proceeds
from
Sales
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
01/31/26
Shares
Held
at
01/31/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
..............
$
1,202,544
$
275,335
(a)
$
—
$
8
$
(
11
)
$
1,477,876
1,477,138
$
1,301
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
59,437
—
(
28,998
)
(a)
—
—
30,439
30,439
347
—
$
8
$
(
11
)
$
1,508,315
$
1,648
$
—
—
—
(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.