Consolidated

Schedule

Investments

(unaudited)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

(

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

1.06%

Floor

1.06%),

5.34%,

04/20/37

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

USD

2,600

2,598,899

AGL

CLO

Ltd.,

Series

2024-32A,

Class

A1,

(3-mo.

CME

Term

SOFR

1.38%

Floor

1.38%),

5.71%,

07/21/37

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

500

501,558

Anchorage

Capital

CLO

Ltd.,

Series

2019-11A,

Class

C1R2,

(3-mo.

CME

Term

SOFR

2.40%

Floor

2.40%),

6.73%,

07/22/37

.......

730

734,669

Anchorage

Capital

CLO

Ltd.,

Series

2021-17A,

Class

A1R,

(3-mo.

CME

Term

SOFR

1.23%

Floor

1.23%),

5.55%,

02/15/38

.......

750

750,806

Anchorage

Capital

CLO

Ltd.,

Series

2015-7A,

Class

AR3,

(3-mo.

CME

Term

SOFR

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

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

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

0.00%

Floor

1.76%),

6.09%,

04/20/31

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

500

500,776

AREIT

Ltd.,

Series

2025-CRE10,

Class

(1-mo.

CME

Term

SOFR

1.39%

Floor

1.39%),

5.73%,

12/17/29

5,880

5,888,114

Assurant

CLO

Ltd.,

Series

2017-1A,

Class

CR,

(3-mo.

CME

Term

SOFR

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

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

1.07%

Floor

1.33%),

5.66%,

07/18/30

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

64,380

Battalion

CLO

Ltd.,

Series

2016-10A,

Class

A2R2,

(3-mo.

CME

Term

SOFR

1.55%

Floor

1.81%),

6.13%,

01/25/35

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

1,465

1,467,423

Battalion

CLO

Ltd.,

Series

2017-11A,

Class

BR,

(3-mo.

CME

Term

SOFR

1.72%

Floor

1.98%),

6.30%,

04/24/34

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

712

713,362

BBAM

CLO

Ltd.,

Series

2022-1A,

Class

AR,

(3-mo.

CME

Term

SOFR

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

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

(3-mo.

CME

Term

SOFR

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

0.00%

Floor

1.86%),

6.19%,

10/22/30

...

454

454,772

Series

2014-2A,

Class

BR2,

(3-mo.

CME

Term

SOFR

0.00%

Floor

2.01%),

6.34%,

10/20/30

...

465

466,158

BlueMountain

CLO

XXII

Ltd.,

Series

2018-22A,

Class

(3-mo.

CME

Term

SOFR

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

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

0.00%

Floor

2.16%),

6.48%,

07/15/31

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

250

250,774

Cbam

Ltd.,

Series

2018-7A,

Class

(3-mo.

CME

Term

SOFR

1.10%

Floor

1.36%),

5.69%,

07/20/31

106

105,718

Cedar

Funding

CLO

Ltd.,

Series

2016-5A,

Class

A1R,

(3-mo.

CME

Term

SOFR

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

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

1.48%

Floor

1.48%),

5.81%,

07/21/37

...

700

703,028

Series

2025-1A,

Class

(3-mo.

CME

Term

SOFR

1.15%

Floor

1.15%),

5.43%,

04/23/38

...

500

499,505

Series

2025-2A,

Class

(3-mo.

CME

Term

SOFR

1.13%

Floor

1.13%),

5.41%,

04/15/38

...

1,500

1,498,531

Diameter

Capital

CLO

Ltd.,

Series

2025-9A,

Class

(3-mo.

CME

Term

SOFR

1.17%

Floor

1.17%),

5.50%,

04/20/38

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

990

989,656

Dryden

CLO

Ltd.,

Series

2018-55A,

Class

A1,

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.28%),

5.60%,

04/15/31

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

88,641

Dryden

CLO

Ltd.,

Series

2018-65A,

Class

(3-mo.

CME

Term

SOFR

1.60%

Floor

1.86%),

6.19%,

07/18/30

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

250

250,817

Elmwood

CLO

Ltd.

Series

2019-2A,

Class

A1RR,

(3-mo.

CME

Term

SOFR

1.35%

Floor

1.35%),

5.68%,

10/20/37

...

400

401,229

Series

2019-2A,

Class

BRR,

(3-mo.

CME

Term

SOFR

1.70%

Floor

1.70%),

6.03%,

10/20/37

...

975

977,875

Rialto,

Series

2021-FL3,

Class

(1-mo.

CME

Term

SOFR

1.36%

Floor

1.36%),

5.70%,

11/16/36

54,720

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Cayman

Islands

(continued)

Greystone

CRE

Notes

Ltd.,

Series

2021-FL3,

Class

(1-mo.

CME

Term

SOFR

1.02%

Floor

1.13%),

5.48%,

07/15/39

.......

USD

607

606,697

KKR

CLO

Ltd.,

Series

17,

Class

AR,

(3-mo.

CME

Term

SOFR

1.08%

Floor

1.34%),

5.66%,

04/15/34

500

500,750

LCM

Ltd.,

Series

36A,

Class

A1R,

(3-mo.

CME

Term

SOFR

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

1.14%

Floor

1.14%),

5.41%,

04/23/38

.......

730

729,293

Madison

Park

Funding

Xlii,

Ltd.,

Series

13A,

Class

(3-mo.

CME

Term

SOFR

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

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

1.53%

Floor

1.53%),

5.85%,

04/15/37

.......

750

752,998

MF1

Multifamily

Housing

Mortgage

Loan

Trust,

Series

2021-FL6,

Class

(1-mo.

CME

Term

SOFR

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

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

1.60%

Floor

1.86%),

6.19%,

10/20/30

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

250

250,769

Neuberger

Berman

CLO

Ltd.,

Series

2015-20A,

Class

BR3,

(3-mo.

CME

Term

SOFR

1.50%

Floor

1.50%),

5.82%,

04/15/39

.......

250

249,894

Neuberger

Berman

Loan

Advisers

CLO

Ltd.,

Series

2021-46A,

Class

BR,

(3-mo.

CME

Term

SOFR

1.50%

Floor

1.50%),

5.83%,

01/20/37

250

249,679

New

Mountain

CLO

Ltd.,

Series

CLO-

1A,

Class

A1RR,

(3-mo.

CME

Term

SOFR

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

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

0.97%

Floor

0.97%),

5.29%,

01/15/35

...

730

729,852

Series

2024-27A,

Class

D1,

(3-mo.

CME

Term

SOFR

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

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

Ltd.,

Series

2020-2A,

Class

BR,

(3-mo.

CME

Term

SOFR

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

0.00%

Floor

1.36%),

5.68%,

01/25/31

.......

300

299,970

OHA

Credit

Funding

Ltd.,

Series

2020-7A,

Class

A1R2,

(3-mo.

CME

Term

SOFR

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

0.00%

Floor

1.30%),

5.63%,

05/23/31

...

187

187,382

Series

2016-1A,

Class

B1R2,

(3-mo.

CME

Term

SOFR

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

1.40%

Floor

1.40%),

5.72%,

04/15/31

.......

730

730,084

Pikes

Peak

CLO

Series

2019-4A,

Class

ARR,

(3-mo.

CME

Term

SOFR

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

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

1.32%

Floor

1.32%),

5.64%,

01/15/38

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

730

732,163

Regatta

Funding

Ltd.,

Series

2025-

1A,

Class

A1,

(3-mo.

CME

Term

SOFR

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

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

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

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

1.65%

Floor

1.91%),

6.24%,

04/20/34

...

500

500,971

Series

2017-2A,

Class

BR,

(3-mo.

CME

Term

SOFR

1.50%

Floor

1.76%),

6.08%,

10/15/29

...

500

500,890

Series

2018-1A,

Class

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.36%),

5.68%,

05/20/31

...

96,117

Romark

CLO

Ltd.,

Series

2018-2A,

Class

A1R,

(3-mo.

CME

Term

SOFR

1.14%

Floor

1.14%),

5.46%,

07/25/31

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

131

131,278

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Cayman

Islands

(continued)

Ltd.,

Series

2024-28RA,

Class

A1R,

(3-mo.

CME

Term

SOFR

1.55%

Floor

1.55%),

5.87%,

04/15/37

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

USD

5,718

5,742,049

Ltd.,

Series

2025-38A,

Class

A1A,

(3-mo.

CME

Term

SOFR

1.15%

Floor

1.15%),

5.47%,

04/15/40

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

250

249,760

Signal

Peak

CLO

Ltd.,

Series

2018-

5A,

Class

A1R,

(3-mo.

CME

Term

SOFR

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

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

0.90%

Floor

0.90%),

5.22%,

07/15/32

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

711

711,251

TICP

CLO

Ltd.

Series

2016-6A,

Class

AR2,

(3-mo.

CME

Term

SOFR

1.12%

Floor

1.38%),

5.70%,

01/15/34

...

500

500,889

Series

2016-6A,

Class

BR2,

(3-mo.

CME

Term

SOFR

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

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

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

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

1.15%

Floor

1.41%),

5.74%,

10/18/31

...

95,519

Series

2018-3A,

Class

A1R2,

(3-mo.

CME

Term

SOFR

1.20%

Floor

1.20%),

5.52%,

10/15/31

...

153

152,733

Series

2019-2A,

Class

AR,

(3-mo.

CME

Term

SOFR

1.20%

Floor

1.20%),

5.53%,

07/20/32

...

849

849,827

Whitebox

CLO

Ltd.,

Series

2019-1A,

Class

BRR,

(3-mo.

CME

Term

SOFR

1.75%

Floor

1.75%),

6.07%,

07/24/36

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

1,200

1,201,200

68,077,028

Ireland

—

0.6%

(b)

Carval

Euro

CLO

II-C

DAC,

Series

2X,

Class

(3-mo.

EURIBOR

3.75%

Floor

3.75%),

5.89%,

02/15/37

(c)

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

EUR

2,350

2,715,134

Arbour

CLO

DAC,

Series

6X,

Class

DR,

(3-mo.

EURIBOR

3.20%

Floor

3.20%),

5.34%,

11/15/37

(c)

2,720

3,100,879

Arcano

Euro

CLO

DAC,

Series

1X,

Class

(3-mo.

EURIBOR

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

DAC,

Series

2X,

Class

(3-mo.

EURIBOR

3.30%

Floor

3.30%),

0.00%,

07/25/39

(c)

EUR

1,430

1,631,916

Arini

European

CLO

DAC,

Series

4X,

Class

(3-mo.

EURIBOR

3.50%

Floor

3.50%),

5.53%,

01/15/38

(c)

3,920

4,525,215

Arini

European

CLO

DAC,

Series

5X,

Class

(3-mo.

EURIBOR

2.80%

Floor

2.80%),

5.17%,

01/15/39

(c)

2,080

2,370,703

Aurium

CLO

XIII

DAC,

Series

13X,

Class

(3-mo.

EURIBOR

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

3.05%

Floor

3.05%),

5.08%,

01/15/38

(c)

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

1,560

1,790,435

Avoca

Static

CLO

DAC,

Series

1X,

Class

DR,

(3-mo.

EURIBOR

2.90%

Floor

2.90%),

4.93%,

01/15/35

(c)

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

1,360

1,546,503

Capital

Four

CLO

VIII

DAC,

Series

8X,

Class

(3-mo.

EURIBOR

3.25%

Floor

3.25%),

5.19%,

10/25/37

(c)

3,200

3,677,443

CIFC

European

Funding

CLO

DAC,

Series

2X,

Class

B1,

(3-mo.

EURIBOR

1.60%

Floor

1.60%),

3.63%,

04/15/33

(c)

...........

593

679,294

Contego

CLO

DAC,

Series

5X,

Class

DR,

(3-mo.

EURIBOR

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

3.45%

Floor

3.45%),

5.42%,

01/23/38

(c)

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

2,640

3,019,641

Contego

CLO

DAC,

Series

11X,

Class

DR,

(3-mo.

EURIBOR

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

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

2.70%

Floor

2.70%),

4.84%,

02/15/38

(c)

...........

2,720

3,080,072

Harvest

CLO

XXXII

DAC,

Series

32X,

Class

(3-mo.

EURIBOR

3.60%

Floor

3.60%),

5.54%,

07/25/37

(c)

2,002

2,298,802

Henley

CLO

DAC,

Series

11X,

Class

(3-mo.

EURIBOR

2.60%

Floor

2.60%),

4.96%,

04/25/39

(c)

....

3,140

3,577,990

Henley

CLO

XII

DAC,

Series

12X,

Class

(3-mo.

EURIBOR

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

0.92%

Floor

0.92%),

3.06%,

11/14/32

(c)

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

250

285,271

Jubilee

CLO

DAC,

Series

2024-29X,

Class

(3-mo.

EURIBOR

3.20%

Floor

3.20%),

5.23%,

01/15/39

(c)

3,370

3,860,336

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Ireland

(continued)

Palmer

Square

European

Loan

Funding

DAC

(c)

Series

2024-2X,

Class

(3-mo.

EURIBOR

3.15%

Floor

3.15%),

5.29%,

05/15/34

....

EUR

2,400

2,744,770

Series

2024-3X,

Class

(3-mo.

EURIBOR

3.05%

Floor

3.05%),

5.19%,

05/15/34

....

1,980

2,259,064

Penta

CLO

DAC,

Series

2024-17X,

Class

(3-mo.

EURIBOR

3.25%

Floor

3.25%),

5.39%,

08/15/38

(c)

2,210

2,531,630

Prodigy

Finance

DAC

(a)

Series

2021-1A,

Class

(1-mo.

CME

Term

SOFR

0.00%

Floor

2.61%),

6.97%,

07/25/51

...

USD

345

348,875

Series

2021-1A,

Class

(1-mo.

CME

Term

SOFR

0.00%

Floor

3.86%),

8.22%,

07/25/51

...

200

204,708

Series

2021-1A,

Class

(1-mo.

CME

Term

SOFR

0.00%

Floor

6.01%),

10.37%,

07/25/51

131

134,669

Providus

CLO

DAC,

Series

2X,

Class

DRR,

(3-mo.

EURIBOR

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

(3-mo.

EURIBOR

3.00%

Floor

3.00%),

5.21%,

10/25/37

(c)

...........

2,640

3,030,344

Sona

Fios

CLO

III

DAC,

Series

3X,

Class

(3-mo.

EURIBOR

3.25%

Floor

3.25%),

5.27%,

04/20/37

(c)

4,300

4,897,540

Sona

Fios

CLO

DAC,

Series

5X,

Class

(3-mo.

EURIBOR

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

(3-mo.

EURIBOR

3.00%

Floor

3.00%),

5.20%,

04/16/39

(c)

...........

3,200

3,668,915

Tikehau

CLO

XII

DAC,

Series

12X,

Class

(3-mo.

EURIBOR

3.25%

Floor

3.25%),

5.27%,

10/20/38

(c)

3,828

4,408,489

Victory

Street

CLO

DAC,

Series

1X,

Class

(3-mo.

EURIBOR

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

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

6.46%,

03/30/32

(c)

....

GBP

3,001

4,102,029

Zilch

Finance

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

5.17%,

09/17/31

......

730

728,819

College

Avenue

Student

Loans

LLC,

Series

2021-B,

Class

3.78%,

06/25/52

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

142

133,143

Concord

Music

Royalties

LLC,

Series

2024-1A,

Class

5.64%,

10/20/74

2,999

3,015,700

Cook

Park

CLO

Ltd.,

Series

2018-1A,

Class

(3-mo.

CME

Term

SOFR

0.00%

Floor

1.66%),

5.98%,

04/17/30

(b)

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

1,148

1,149,226

FNA

LLC,

Series

2025-1,

Class

5.62%,

03/15/45

(b)

...........

6,537

6,539,298

Rialto

Issuer

LLC,

Series

2025-

FL10,

Class

(1-mo.

CME

Term

SOFR

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

5.35%,

10/20/46

......

10,542

10,623,063

GoodLeap

Sustainable

Home

Solutions

Trust,

Series

2021-3CS,

Class

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

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

day

Average

0.00%

Floor

1.40%),

5.75%,

05/20/32

(b)

3,755

3,769,241

Lendmark

Funding

Trust,

Series

2021-

2A,

Class

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

5.13%,

09/22/36

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

5,203

5,245,129

Series

2024-AA,

Class

6.77%,

09/22/36

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

861

884,387

Navient

Private

Education

Refi

Loan

Trust

Series

2021-DA,

Class

(US

Prime

Rate

0.00%

Floor

1.99%),

5.51%,

04/15/60

(b)

.........

5,180

5,111,703

Series

2021-DA,

Class

2.61%,

04/15/60

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

1,446

1,287,592

Series

2021-DA,

Class

3.48%,

04/15/60

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

3,884

3,602,717

Series

2024-A,

Class

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

4.93%,

04/20/62

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

6,030

5,395,786

Series

2021-BA,

Class

3.57%,

04/20/62

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

6,450

5,615,037

Series

2021-CA,

Class

3.36%,

04/20/62

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

850

721,207

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2025-AA,

Class

A1B,

(SOFR

day

Average

0.00%

Floor

1.10%),

5.44%,

03/15/57

(b)

...

USD

11,488

11,421,678

Pagaya

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

3.44%,

05/17/26

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

2,736

2,697,420

Republic

Finance

Issuance

Trust,

Series

2024-A,

Class

5.91%,

08/20/32

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

8,036

8,127,311

RMIT

Cash

Management

LLC,

Series

2021-3,

Class

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

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

2.31%,

01/15/53

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

1,479

1,436,933

Series

2021-A,

Class

2.99%,

01/15/53

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

10,776

9,336,135

Series

2021-C,

Class

2.30%,

01/15/53

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

1,026

990,810

Series

2021-C,

Class

3.00%,

01/15/53

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

706

607,771

Series

2021-C,

Class

3.93%,

01/15/53

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

197

173,834

Series

2024-D,

Class

A1B,

(SOFR

day

Average

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

6.00%,

11/12/30

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

3,624

3,655,685

Series

2024-1A,

Class

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

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

Value

Austria

—

0.0%

Raiffeisen

Bank

International

...

14,931

431,124

Belgium

—

0.0%

Elia

Group

SA/NV

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

22,400

2,584,363

Brazil

—

0.2%

Brasil

Bolsa

Balcao

.......

3,224,181

7,231,959

Banco

Brasil

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

2,034,101

7,185,313

Eneva

(f)

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

593,096

1,422,486

Lojas

Renner

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

1,647,221

4,765,558

MercadoLibre,

Inc.

(f)

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

4,160

9,875,382

Rede

D'Or

Sao

Luiz

(a)(c)

.......

52,440

303,240

Rumo

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

99,721

295,447

Seguridade

Participacoes

......

726,400

4,365,236

Vale

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

50,102

476,813

XP,

Inc.

Class

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

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.

Canada

.........

21,250

856,380

Shopify,

Inc.

Class

(f)

..........

35,425

4,330,205

Suncor

Energy,

Inc.

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

877,371

34,604,738

Energy

Corp.

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

131,285

6,268,631

Teck

Resources

Ltd.

Class

.....

170,540

5,529,996

Thomson

Reuters

Corp.

.........

43,857

8,801,786

167,111,186

Cayman

Islands

—

0.0%

Accelerant

Holdings

Class

(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

..........

3,575,000

52,198,067

Contemporary

Amperex

Technology

Co.

Ltd.

Class

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

711,999

26,002,496

Eastroc

Beverage

Group

Co.

Ltd.

Class

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

119,700

4,667,173

Geely

Automobile

Holdings

Ltd.

....

1,335,000

2,994,429

Great

Wall

Motor

Co.

Ltd.

Class

2,811,441

8,414,198

Haidilao

International

Holding

Ltd.

(a)(c)

793,000

1,405,749

Hygon

Information

Technology

Co.

Ltd.

Class

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

212,922

4,090,648

JD.com,

Inc.

Class

...........

528,400

8,328,611

NetEase,

Inc.

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

415,700

10,867,335

Nongfu

Spring

Co.

Ltd.

Class

(a)(c)

170,537

985,302

Pop

Mart

International

Group

Ltd.

(a)(c)

352,600

10,998,959

Prosus

Class

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

290,685

16,605,615

Shenzhou

International

Group

Holdings

Ltd.

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

361,600

2,602,349

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Value

China

(continued)

Sungrow

Power

Supply

Co.

Ltd.

Class

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

280,497

2,792,886

Tencent

Holdings

Ltd.

...........

882,281

61,770,469

Weichai

Power

Co.

Ltd.

Class

...

2,065,000

4,377,524

Xiaomi

Corp.

Class

(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

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

..........

8,406

1,047,953

Coloplast

A/S

Class

..........

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

.......

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

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

61,516

3,777,604

Sampo

OYJ

Class

...........

325,164

3,490,208

10,164,344

France

—

2.0%

Accor

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

535,095

27,120,710

Air

Liquide

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

4,152

816,850

Airbus

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

63,415

12,749,913

AXA

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

54,517

2,647,847

Bouygues

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

105,647

4,350,181

Carrefour

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

253,441

3,632,068

Cie

Saint-Gobain

.........

443,865

50,918,929

Dassault

Systemes

..........

246,250

8,089,622

Edenred

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

27,717

791,545

Eiffage

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

51,841

6,958,901

Engie

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

96,680

2,173,196

EssilorLuxottica

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

223,998

66,606,824

Hermes

International

SCA

........

28,821

70,481,467

L'Oreal

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

6,289

2,782,779

LVMH

Moet

Hennessy

Louis

Vuitton

62,161

33,368,775

Orange

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

486,619

7,402,001

Safran

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

16,821

5,546,749

Sodexo

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

54,856

3,262,479

Thales

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

12,314

3,312,392

Vivendi

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

341,937

1,296,216

314,309,444

Georgia

—

0.0%

Lion

Finance

Group

plc

..........

12,536

1,256,788

Germany

—

0.7%

Allianz

(Registered)

..........

41,496

16,398,308

Evonik

Industries

...........

169,760

3,371,107

Merck

KGaA

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

43,702

5,462,071

MTU

Aero

Engines

..........

886

382,184

Northern

Data

(f)(g)

...........

45,011

1,087,638

RWE

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

119,953

4,921,100

SAP

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

218,458

62,469,332

Siemens

Energy

(f)

...........

99,119

11,475,876

Symrise

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

59,275

5,373,119

Security

Value

Germany

(continued)

Vonovia

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

135,037

4,190,953

115,131,688

Greece

—

0.0%

Athens

International

Airport

.....

103,978

1,186,597

Hellenic

Telecommunications

Organization

Class

......

34,483

625,697

National

Bank

Greece

......

55,162

769,430

OPAP

Class

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

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.

.......

3,722,000

1,150,547

Bank

Mandiri

Persero

Tbk.

.....

6,591,900

1,794,519

Bank

Syariah

Indonesia

Tbk.

....

2,813,570

464,479

Ciputra

Development

Tbk.

.....

17,330,700

965,286

Mitra

Adiperkasa

Tbk.

........

6,880,100

490,967

Telkom

Indonesia

Persero

Tbk.

1,843,000

323,621

5,189,419

Ireland

—

0.2%

Accenture

plc

Class

..........

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

........

61,658

3,697,013

3,717,807

Italy

—

1.5%

Banca

Monte

dei

Paschi

Siena

SpA

244,864

2,084,632

BPER

Banca

SpA

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

535,850

5,273,046

Ferrari

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

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

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

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.

.........

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

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

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

Value

Kazakhstan

—

0.0%

(c)

Halyk

Savings

Bank

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

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

2,136,982

1,865,682

Fomento

Economico

Mexicano

SAB

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

48,437

437,281

Fresnillo

plc

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

269,206

4,963,804

Grupo

Aeroportuario

del

Sureste

SAB

Class

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

49,833

1,510,549

Grupo

Financiero

Banorte

SAB

Class

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

905,135

8,066,329

Grupo

Mexico

SAB

CV,

Series

109,096

682,912

17,526,557

Netherlands

—

0.9%

Argenx

(f)

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

10,061

6,757,268

Argenx

ADR

(f)

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

4,190

2,808,682

ASML

Holding

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

132,793

92,035,330

ING

Groep

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

536,737

12,508,895

Koninklijke

KPN

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

351,895

1,572,092

Koninklijke

Vopak

...........

29,704

1,418,990

NXP

Semiconductors

........

107,259

22,928,757

Teya

Services

Ltd.,

Series

(Acquired

06/03/24,

cost

$10,172,087)

(d)(f)(j)

5,237

1,557,536

Wolters

Kluwer

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

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

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

343

1,523,387

Powszechna

Kasa

Oszczednosci

Bank

Polski

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

30,264

662,676

Powszechny

Zaklad

Ubezpieczen

422,351

7,079,019

9,265,082

Portugal

—

0.0%

Jeronimo

Martins

SGPS

.......

41,646

1,015,233

Republic

Turkiye

—

0.0%

Akbank

TAS

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

940,971

1,560,091

Eldorado

Gold

Corp.

(f)

...........

75,012

1,537,746

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Value

Republic

Turkiye

(continued)

Turkiye

Bankasi

A/S

Class

....

4,071,678

1,482,258

4,580,095

Romania

—

0.0%

Banca

Transilvania

..........

126,975

788,338

Saudi

Arabia

—

0.0%

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

(f)

.........

20,779

3,255,030

STMicroelectronics

..........

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

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%

Engineering

Construction

Corp.

86,904

1,205,288

Hyundai

Heavy

Industries

Co.

Ltd.

9,544

3,349,556

Hyundai

Marine

Solution

Co.

Ltd.

4,092

598,512

Hyundai

Mipo

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

23,898

3,636,670

Korea

Shipbuilding

Offshore

Engineering

Co.

Ltd.

.........

7,943

2,041,209

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

Hynix,

Inc.

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

31,824

6,167,999

50,495,182

Spain

—

0.6%

Banco

Bilbao

Vizcaya

Argentaria

1,398,493

23,324,441

Banco

Sabadell

..........

2,392,220

8,829,457

Bankinter

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

502,785

7,176,871

CaixaBank

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

1,665,057

15,665,375

Cellnex

Telecom

(a)(c)

..........

998,376

35,232,250

Industria

Diseno

Textil

......

110,286

5,268,040

Repsol

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

328,698

4,983,643

100,480,077

Sweden

—

0.2%

Assa

Abloy

Class

.........

20,581

681,030

Atlas

Copco

Class

.........

372,744

5,676,290

Boliden

(f)

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

42,506

1,301,076

EQT

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

32,518

1,086,885

Evolution

(a)(c)

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

98,249

8,740,340

Intrum

(f)

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

19,742

113,970

Investor

Class

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

171,958

4,983,260

SSAB

Class

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

199,977

1,153,198

SSAB

Class

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

384,213

2,171,447

Security

Value

Sweden

(continued)

Volvo

Class

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

196,847

5,653,407

31,560,903

Switzerland

—

0.6%

ABB

Ltd.

(Registered)

...........

27,820

1,816,594

Belimo

Holding

(Registered)

....

5,407

6,292,277

Galderma

Group

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

90,713

13,980,519

Geberit

(Registered)

.........

16,678

12,776,996

Kuehne

Nagel

International

(Registered)

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

38,871

7,924,980

Logitech

International

(Registered)

96,358

8,934,980

Partners

Group

Holding

.......

13,755

18,490,804

SGS

(Registered)

...........

40,969

4,163,000

Straumann

Holding

(Registered)

10,120

1,233,020

Connectivity

plc

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

25,384

5,222,758

UBS

Group

(Registered)

......

169,670

6,305,620

Zurich

Insurance

Group

.......

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%

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

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

....

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

Sainsbury

plc

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

1,793,702

7,172,290

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

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

(f)(k)

..........

31,750

4,204,017

Alcon

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

72,476

6,353,824

ALL

Health

Services

Corp.,

(Acquired

06/03/24,

cost

$0)

(d)

(f)(j)

........

304

—

Alphabet,

Inc.

Class

..........

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

(f)

.....

90,448

541,784

Amentum

Holdings,

Inc.

(f)

........

215,152

5,372,345

Amgen,

Inc.

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

22,102

6,522,300

Amphenol

Corp.

Class

........

114,055

12,147,998

Analog

Devices,

Inc.

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

34,956

7,852,166

Anduril

Investors

LLC,

Series

(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

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

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

Industries

Holdings,

Inc.

.......

129,719

12,041,815

Charter

Communications,

Inc.

Class

(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

(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

(f)

.........

1,583,484

28,067,254

Core

Scientific,

Inc.

(f)

...........

115,474

1,563,518

CoreWeave,

Inc.

Class

(Acquired

03/27/25,

cost

$5,187,989)

(f)(j)

....

110,400

12,599,952

Security

Value

United

States

(continued)

Costco

Wholesale

Corp.

.........

135,538

127,356,926

Crescent

Midstream

Private

(d)(f)(l)

....

5,696,000

CRH

plc

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

510,760

48,752,042

Crowdstrike

Holdings,

Inc.

Class

(f)

28,184

12,811,601

Crown

PropTech

Acquisitions

(d)(f)

....

308,496

250,206

Crown

PropTech

Acquisitions

Class

(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

Residential

III

(d)(f)

..........

7,796,037

8,029,918

Digital

Realty

Trust,

Inc.

.........

23,329

4,116,169

Dillard's,

Inc.

Class

...........

2,715

1,267,715

Dollar

General

Corp.

...........

43,052

4,516,155

DoorDash,

Inc.

Class

(f)

........

8,806

2,203,701

Horton,

Inc.

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

199,522

28,499,722

DraftKings,

Inc.

Class

(f)

........

232,114

10,454,415

Duke

Energy

Corp.

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

109,400

13,307,416

DuPont

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

.......

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

Class

(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

(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

(f)

...........

23,801

2,749,016

First

Citizens

BancShares,

Inc.

Class

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

.....

176,823

3,306,590

Ford

Motor

Co.

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

585,610

6,482,703

Formentera

Partners

Fund

(d)(l)

—

(m)

10,519,819

Fortinet,

Inc.

(f)

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

171,840

17,166,816

Fortive

Corp.

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

88,779

4,255,177

Fox

Corp.

Class

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

322,982

18,009,476

FQT

Holding

Co.

LLC

(d)(f)

.........

2,439,185

3,951,480

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

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

Aerospace

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

79,442

21,535,137

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

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

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

(f)(g)

......

10,778

20,155

Interpublic

Group

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

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

87,302

14,382,131

JPMorgan

Chase

Co.

.........

624,218

184,918,340

Keurig

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

Class

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

.........

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

......

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

(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

(Registered)

........

180,690

20,578,257

NRG

Energy,

Inc.

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

91,453

15,290,942

Nucor

Corp.

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

33,244

4,756,219

Security

Value

United

States

(continued)

Nutanix,

Inc.

Class

(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

(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

(f)

75,257

11,916,946

Palladyne

Corp.

(f)

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

607,934

4,972,902

Palladyne

Corp.

(f)

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

27,356

223,772

Palo

Alto

Networks,

Inc.

(f)

........

37,548

6,518,333

Paramount

Global

Class

.......

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

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

33,154

4,097,171

Pilgrim's

Pride

Corp.

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

44,046

2,087,340

Playstudios,

Inc.

Class

(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

(f)

........

4,329

596,493

Roche

Holding

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

20,226

6,311,989

Royalty

Pharma

plc

Class

......

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

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

394,865

35,447,328

Schneider

Electric

...........

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

(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

(Acquired

06/30/21,

cost

$1,060,929)

(d)(f)(j)

70,636

673,867

Snowflake,

Inc.

Class

(f)

........

61,322

13,705,467

Solaris

Energy

Infrastructure,

Inc.

Class

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

421,373

13,766,256

Sonder

Holdings,

Inc.

Class

(f)

....

103,334

225,268

SOURCE

Global

PBC

(d)(f)

.........

139,668

11,173

Space

Exploration

Technologies

Corp.

Class

(Acquired

08/21/23,

cost

$8,130,699)

(d)(f)(j)

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

100,379

20,541,559

Space

Exploration

Technologies

Corp.

Class

(Acquired

08/21/23,

cost

$8,726,616)

(d)(f)(j)

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

107,736

22,047,095

Spotify

Technology

(f)

.........

12,676

7,942,021

Starz

Entertainment

Corp.

........

29,498

429,196

State

Street

Corp.

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

51,092

5,709,531

Stellantis

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

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

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

39,226

6,529,168

Valero

Energy

Corp.

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

348,644

47,872,308

Veeva

Systems,

Inc.

Class

(f)

.....

1,167

331,661

Ventas,

Inc.

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

33,730

2,265,981

Venture

Global,

Inc.

Class

(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

......

645,450

93,977,520

Viatris,

Inc.

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

637,789

5,574,276

Viper

Energy,

Inc.

Class

.......

111,087

4,183,536

Visa,

Inc.

Class

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

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

(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

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

43,437

6,332,680

Zoom

Communications,

Inc.

Class

(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)

(

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

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

8.00%

PIK),

10/01/26

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

USD

92,389

10,624,757

12.00%,

(12.00%

Cash

12.00%

PIK),

10/01/28

...........

82,685

Scentre

Group

Trust

(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

Celulose

International

GmbH,

7.95%,

01/26/32

(a)

...........

680

710,940

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

(a)

6.45%,

03/05/34

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

935

928,277

6.95%,

03/05/54

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

475

443,650

Samarco

Mineracao

(p)

9.00%,

(9.00%

Cash

9.00%

PIK),

06/30/31

(a)

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

198

193,991

9.00%,

(9.00%

Cash

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Canada

—

0.8%

1011778

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

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

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

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

6.30%,

03/15/29

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

481

495,613

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.84%),

8.15%,

06/10/55

(b)

...

990

1,035,154

Banco

Credito

Inversiones

SA,

(5-

Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

4.94%),

8.75%

(b)(q)

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

420

448,140

Banco

del

Estado

Chile,

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.23%),

7.95%

(b)

(q)

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

669

710,269

WOM

Chile

Holdco

SpA,

5.00%,

(5.00%

Cash

5.00%

PIK),

04/01/32

(b)(n)(p)

2,673

2,609,129

WOM

Mobile

SA,

12.50%,

(12.50%

Cash

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

Co.

Ltd.

(5-Year

Treasury

Yield

Curve

Rate

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

14.00%

PIK),

10/22/29

(a)(p)

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

912

688,948

Bancolombia

(5-Year

Treasury

Yield

Curve

Rate

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

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

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

5.00%,

03/11/30

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

EUR

575

670,878

5.38%,

07/08/31

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

725

853,718

Mehilainen

Yhtiot

5.13%,

06/30/32

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

1,775

2,040,762

(3-mo.

EURIBOR

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

(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

0.00%

Floor

3.75%),

5.77%,

07/18/30

(b)(c)

....

2,919

3,243,908

BNP

Paribas

SA,

(5-Year

Treasury

Yield

Curve

Rate

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

France

(continued)

Goldstory

SAS

(3-mo.

EURIBOR

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

5.50%,

06/15/31

(c)

...........

EUR

3,025

3,514,725

Lion/Polaris

Lux

(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

(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

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.79%),

8.13%

(a)

(b)(q)

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

USD

2,601

2,714,809

Tereos

Finance

Groupe

SA,

5.75%,

04/30/31

(c)

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

EUR

672

755,383

Worldline

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

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

(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

(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

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

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

4.75%

Floor

4.75%),

6.78%,

04/15/29

(b)

...

1,976

1,779,085

PrestigeBidCo

GmbH

(3-mo.

EURIBOR

0.00%

Floor

3.75%),

5.78%,

07/01/29

(b)(c)

..........

2,141

2,455,037

ProGroup

(a)

5.13%,

04/15/29

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

1,403

1,611,014

5.38%,

04/15/31

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

1,427

1,604,065

Schaeffler

(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

10.00%

PIK),

01/01/29

(b)(c)(p)

4,001

3,048,778

Elevator

Midco

GmbH,

4.38%,

07/15/27

(c)

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

10,325

11,803,937

Elevator

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

(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

0.88%,

05/20/32

(c)(n)

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

1,300

1,499,577

Wintershall

Dea

Finance

(5-Year

EURIBOR

ICE

Swap

Rate

3.94%),

6.12%

(b)(c)(q)

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

2,503

2,956,398

Europe

Finance

BV,

7.00%,

06/12/30

(c)

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

2,100

2,423,557

114,978,939

Greece

—

0.0%

(b)(c)

Eurobank

(1-Year

EURIBOR

ICE

Swap

Rate

1.70%),

4.00%,

02/07/36

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

2,676

3,054,746

National

Bank

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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.

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.

Ltd.

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

1.46%),

5.63%

(b)(c)(q)

...

700

705,110

15,043,244

India

—

0.1%

Axis

Bank

Ltd.

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.32%),

4.10%

(b)(c)(q)

...

500

486,875

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

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

5.50%,

11/13/14

(c)

...........

44,430

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

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

(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

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

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

Vendor

Financing

Notes

DAC,

7.88%,

03/15/32

916

1,252,529

13,452,143

Israel

—

0.1%

Teva

Pharmaceutical

Finance

Netherlands

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

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

10.75%

PIK),

06/15/29

(c)(p)

1,711

1,782,228

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

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

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

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

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

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

0.00%

Floor

3.50%),

5.53%,

07/31/31

(b)

...

1,989

2,276,251

(3-mo.

EURIBOR

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

Treasury

Yield

Curve

Rate

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

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

4.25%),

8.13%

(a)(b)(q)

........

USD

867

860,336

(5-Year

Treasury

Yield

Curve

Rate

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

Treasury

Yield

Curve

Rate

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

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

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

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

(c)

4.13%,

06/24/30

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

675

781,998

4.88%,

06/24/33

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

925

1,088,182

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Luxembourg

(continued)

Summer

Holdco

SARL

(c)

5.88%,

02/15/30

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

EUR

535

600,488

(3-mo.

EURIBOR

0.00%

Floor

4.25%),

6.39%,

02/15/30

(b)

...

1,200

1,348,878

Vivion

Investments

SARL,

8.25%,

(8.25%

Cash

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

(a)(b)(q)

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

4.64%),

5.88%

...........

607

595,048

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

4.07%),

8.38%

...........

872

891,116

BBVA

Mexico

Institucion

Banca

Multiple

Grupo

Financiero

BBVA

Mexico,

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.38%),

7.63%,

02/11/35

(b)(c)

...

311

320,038

Cemex

SAB

CV,

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.52%),

7.20%

(a)

(b)(q)

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

630

642,285

Orbia

Advance

Corp.

SAB

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

(5-Year

EUR

Swap

Annual

3.90%),

6.38%

(b)(c)(q)

EUR

500

598,450

Boels

Topholding

6.25%,

02/15/29

(c)

...........

5,924

7,001,342

5.75%,

05/15/30

(a)

...........

1,023

1,217,251

ING

Groep

(b)(q)

(5-Year

Treasury

Yield

Curve

Rate

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

Group

(5-Year

EURIBOR

ICE

Swap

Rate

3.45%),

5.75%

(b)(c)(q)

EUR

1,650

1,882,980

Q-Park

Holding

BV,

5.13%,

02/15/30

(c)

4,179

4,958,693

Sunrise

FinCo.

BV,

4.88%,

07/15/31

(a)

USD

5,620

5,297,412

Trivium

Packaging

Finance

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

Secured

Financing

BV,

5.00%,

01/15/32

(a)

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

1,031

906,706

Vendor

Financing

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

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

5.53%),

4.20%

(b)

400

394,400

Petron

Corp.,

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

7.57%),

5.95%

(b)

...........

245

243,439

Rizal

Commercial

Banking

Corp.,

(5-

Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

6.24%),

6.50%

(b)

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

1,000

998,437

San

Miguel

Global

Power

Holdings

Corp.

(1-Year

Treasury

Yield

Curve

Rate

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

(5-Year

EURIBOR

ICE

Swap

Rate

2.40%),

4.63%,

09/16/54

(b)(c)

EUR

2,200

2,578,201

Republic

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)

Rajhi

Sukuk

Ltd.,

(6-Year

USD

Constant

Maturity

1.59%),

6.25%

1,442

1,453,522

Riyad

Sukuk

Ltd.

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

1.91%),

5.50%

500

487,725

1,941,247

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

(3-mo.

EURIBOR

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)

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

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

2.06%),

2.88%

(b)(q)

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

1,000

979,260

Battery

America,

Inc.,

2.13%,

01/26/26

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

1,326

1,299,639

Tongyang

Life

Insurance

Co.

Ltd.,

(5-

Year

Treasury

Yield

Curve

Rate

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

0.00%

Floor

2.50%),

4.82%,

05/01/30

(b)(c)

....

EUR

1,912

2,192,819

Banco

Bilbao

Vizcaya

Argentaria

(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

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.25%),

7.75%

...........

USD

882

914,004

Bankinter

(5-Year

EURIBOR

ICE

Swap

Rate

4.71%),

7.38%

(b)(c)(q)

EUR

2,000

2,474,836

CaixaBank

(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

(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

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

(a)(b)(q)

(5-Year

Treasury

Yield

Curve

Rate

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

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.53%),

4.40%

(b)

(c)(q)

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

596

589,295

Minor

International

PCL,

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

7.92%),

2.70%

(b)

(c)(q)

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

1,000

980,610

Muang

Thai

Life

Assurance

PCL,

(10-

Year

Treasury

Yield

Curve

Rate

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%

Ukraine

PAT,

9.62%,

02/11/27

(a)(r)

543

516,005

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

Arab

Emirates

—

0.0%

Abu

Dhabi

Commercial

Bank

PJSC

(5-

Year

Treasury

Yield

Curve

Rate

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

Ltd.,

7.00%,

08/26/28

(c)

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

920

938,980

World

Salaam,

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

5.75%),

6.00%

(b)(c)(q)

...

1,090

1,089,319

MAF

Global

Securities

Ltd.

(5-Year

Treasury

Yield

Curve

Rate

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

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

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.41%),

4.38%

...........

848

805,779

(USISSO05

3.69%),

7.63%

...

609

620,369

BCP

Modular

Services

Finance

plc

6.13%,

11/30/28

(a)

...........

GBP

9,060

11,515,141

6.13%,

11/30/28

(c)

...........

503

639,306

BCP

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

7.50%

PIK),

11/01/27

(c)(p)

GBP

1,133

1,491,177

British

Telecommunications

plc,

(5-Year

Treasury

Yield

Curve

Rate

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

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

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

Treasury

Yield

Curve

Rate

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

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)

...........

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)

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

DAC,

5.00%,

07/15/28

(a)

.......

USD

1,425

1,381,955

Vmed

Financing

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

Treasury

Yield

Curve

Rate

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

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

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

26,352

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

(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

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

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

21,444

8.38%,

06/15/32

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

851

877,898

Ball

Corp.,

4.25%,

07/01/32

.......

EUR

1,971

2,297,252

Bank

America

Corp.

(b)

(3-mo.

EURIBOR

0.91%),

1.95%,

10/27/26

(c)

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

3,529

4,025,188

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

2.35%),

6.25%

(q)

..........

USD

473

471,373

Bank

New

York

Mellon

Corp.

(The),

(5-Year

Treasury

Yield

Curve

Rate

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

and

Bausch

Lomb,

Inc.,

(3-mo.

EURIBOR

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

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

91,900

Citigroup,

Inc.

(b)(q)

Series

FF,

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

2.73%),

6.95%

....

464

467,759

Series

GG,

(5-Year

Treasury

Yield

Curve

Rate

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

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

(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

Treasury

Yield

Curve

Rate

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

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

95,054

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

6.86%,

02/01/28

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

7,885

8,206,345

Frontier

North,

Inc.,

Series

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

7.75%,

02/01/28

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

USD

421

425,204

8.00%,

05/15/33

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

598

619,981

Global

Partners

(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

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

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

Treasury

Yield

Curve

Rate

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

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

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

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

1.43%),

5.40%,

07/30/35

(b)

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

1,722

1,724,617

Magnera

Corp.

(a)

4.75%,

11/15/29

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

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

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

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

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

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

Donnelley

Sons

Co.

(a)

9.50%,

08/01/29

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

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

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

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

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

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

(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

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.15%),

4.00%,

05/06/31

(b)

...........

7,458

7,308,044

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

2.90%,

05/01/28

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

701

657,801

United

Wholesale

Mortgage

LLC,

5.50%,

04/15/29

(a)

...........

425

415,710

Uniti

Group

(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

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

Treasury

Yield

Curve

Rate

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

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)

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

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

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

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

(6-mo.

EURIBOR

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

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

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

France

—

0.3%

(b)

Artemis

BidCo

Ltd.,

Facility

1st

Lien

Term

Loan

05/28/32

(s)

.......

EUR

3,583

4,084,708

Atos

SE,

1st

Lien

Term

Loan,

(6-mo.

EURIBOR

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

SASU,

Facility

1st

Lien

Term

Loan

B3,

(3-mo.

EURIBOR

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

0.00%

Floor

3.25%),

5.23%

06/02/28

3,955

4,514,710

HomeVi

SAS,

1st

Lien

Term

Loan

10/31/29

(s)

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

6,000

6,845,077

Obol

France

SAS,

Facility

1st

Lien

Term

Loan

B3,

(6-mo.

EURIBOR

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

0.00%

Floor

3.25%),

5.25%

02/03/31

7,296

8,357,383

Ramsay

Generale

Sante

SA,

Facility

1st

Lien

Term

Loan

B5,

(3-mo.

EURIBOR

0.00%

Floor

3.25%),

5.25%

08/13/31

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

3,000

3,413,877

Talbot

Participation

SAS,

Facility

1st

Lien

Term

Loan

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

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

0.00%

Floor

3.45%),

5.48%

04/28/28

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

7,201

8,235,337

AVIV

Group

GmbH,

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

4.00%),

6.10%

04/23/32

.....

6,879

7,874,865

CTEC

III

GmbH,

Facility

1st

Lien

Term

Loan

(3-mo.

EURIBOR

0.00%

Floor

3.75%),

5.76%

03/16/29

3,000

3,335,340

IFCO

Management

GmbH,

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

3.50%),

5.40%

11/29/29

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

5,000

5,697,270

Kleopatra

Finco

SARL,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

4.73%),

7.11%

02/12/26

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

4,266

4,491,061

Minimax

Viking

GmbH,

Facility

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

2.50%),

4.40%

03/17/32

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

1,500

1,711,800

Mosel

Bidco

SE,

1st

Lien

Term

Loan

(3-mo.

EURIBOR

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

0.00%

Floor

3.00%),

4.98%

01/13/31

EUR

2,667

3,029,263

Speedster

Bidco

GmbH,

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

3.50%),

5.88%

12/10/31

5,330

6,100,114

Tele

Columbus

AG,

Facility

1st

Lien

Term

Loan

01/01/29

(s)

.......

4,494

3,380,974

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

(3-mo.

EURIBOR

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

0.00%

Floor

3.25%),

5.23%

03/13/28

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

1,000

1,131,933

ION

Trading

Finance

Ltd.,

1st

Lien

Term

Loan

(3-mo.

EURIBOR

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)(d)

(6-mo.

EURIBOR

0.00%

Floor

8.00%),

10.05%, 07/06/27

....

8,930

8,471,671

(Daily

SONIA

1.19%

Floor

8.00%),

8.19%, 07/06/27

....

GBP

5,199

5,698,608

14,170,279

Luxembourg

—

0.5%

(b)

Sirona

Luxembourg

Acquisition

SARL,

Facility

1st

Lien

Term

Loan

B3,

(1-mo.

EURIBOR

0.00%

Floor

3.50%),

5.40%

09/29/28

.....

EUR

4,000

4,576,212

Atlas

Luxco

SARL,

1st

Lien

Term

Loan,

(1-mo.

EURIBOR

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

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

SA,

1st

Lien

Term

Loan

06/01/32

(d)(s)

..........

5,708

6,440,167

Gategroup

Finance

Luxembourg

SA,

Facility

1st

Lien

Term

Loan

(3-mo.

EURIBOR

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

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

0.00%

Floor

3.25%),

5.67%

5.71%

02/26/29

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

4,103

4,679,224

Speed

Midco

SARL,

Facility

1st

Lien

Term

Loan

(d)

(Daily

SONIA

0.00%

Floor

4.95%),

4.95%, 05/16/29

....

GBP

2,184

2,883,798

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

Luxembourg

(continued)

(6-mo.

EURIBOR

0.00%

Floor

4.95%),

7.33%, 05/16/29

....

EUR

24,222

27,641,707

Tackle

SARL,

1st

Lien

Term

Loan

05/22/28

(s)

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

2,078

2,368,592

Tackle

SARL,

Facility

1st

Lien

Term

Loan

B2,

(6-mo.

EURIBOR

0.00%

Floor

3.25%),

5.37%

05/22/28

5,297

6,037,238

TRAVIATA

SARL,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

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

(3-mo.

EURIBOR

0.00%

Floor

3.50%),

5.48%

06/29/28

5,686

6,502,891

Cypher

Bidco

BV,

1st

Lien

Term

Loan

(EUR0003M

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

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

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

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

0.00%

Floor

2.75%),

4.73%

07/01/31

8,000

9,132,248

Pegasus

Bidco

BV,

1st

Lien

Term

Loan

(3-mo.

EURIBOR

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

0.00%

Floor

4.00%),

6.12%

06/01/29

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

4,000

4,581,918

Upfield

BV,

1st

Lien

Term

Loan

B11,

(SONIA

Daily

0.00%

Floor

5.25%),

5.29%

01/03/28

......

GBP

5,449

7,146,784

Ziggo

BV,

Facility

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

3.00%),

4.91%

01/31/29

......

EUR

41,843

46,268,346

119,499,848

New

Zealand

—

0.1%

FNZ

Finco

Ltd.,

1st

Lien

Term

Loan,

(Daily

SONIA

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

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

(3-mo.

EURIBOR

0.00%

Floor

4.00%),

5.98%

02/27/30

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

EUR

6,818

7,776,474

Cervantes

Bidco

SL,

1st

Lien

Term

Loan

12/03/31

(s)

...........

1,708

1,951,932

PAX

HoldCo

Spain

SL,

Facility

1st

Lien

Term

Loan

B3,

(6-mo.

EURIBOR

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

0.00%

Floor

3.50%),

5.48%

04/02/31

(b)

...........

327

374,164

Eleda

Management

AB,

Facility

1st

Lien

Term

Loan

(3-mo.

EURIBOR

0.00%

Floor

3.50%),

5.48%

04/03/31

(b)

...........

4,167

4,770,595

IGT

Holding

AB,

Facility

1st

Lien

Term

Loan

B4,

(3-mo.

EURIBOR

0.00%

Floor

3.50%),

5.48%

08/29/31

(b)

...........

4,000

4,575,253

Quimper

AB,

1st

Lien

Term

Loan

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

0.00%

Floor

3.50%),

5.46%

02/16/28

1,000

1,131,933

Bellis

Acquisition

Co.

plc,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

0.00%

Floor

4.00%),

6.31%

05/12/31

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

5,819

6,433,490

Belron

Finance

Plc,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

0.00%

Floor

3.00%),

5.15%

10/16/31

6,627

7,576,007

Boots

Group

Bidco

Ltd.,

1st

Lien

Term

Loan

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

(Daily

SONIA

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

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

0.00%

Floor

3.25%),

5.29%

06/30/28

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

6,028

6,892,482

Hbx

Group

International

plc,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

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

0.00%

Floor

3.50%),

5.40%

06/23/31

6,360

6,923,325

INEOS

Quattro

Holdings

Ltd.,

Facility

1st

Lien

Term

Loan

(1-mo.

EURIBOR

0.00%

Floor

4.50%),

6.40%

04/03/29

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

7,550

8,062,212

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

Ltd.,

1st

Lien

Term

Loan

(SONIA

Daily

0.00%

Floor

4.75%),

4.75%

04/02/32

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

GBP

7,647

10,124,336

Leased

Tenanted

Pubs

Ltd.,

2nd

Lien

Term

Loan,

(Daily

SONIA

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

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

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

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

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

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

0.00%

Floor

5.75%),

5.75%

11/27/31

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

GBP

3,810

5,015,351

Zegona

Holdco

Ltd.,

Facility

1st

Lien

Term

Loan

(6-mo.

EURIBOR

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

0.50%

Floor

3.75%),

8.21%

05/12/28

(b)

...........

USD

2,633

2,636,886

Alorica,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

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

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

0.00%

Floor

2.25%),

6.61%

09/29/31

(b)

...........

4,927

4,924,699

Arsenal

AIC

Parent

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

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

1.00%

Floor

7.50%),

11.86%

08/01/28

(b)

.....

32,085

Bally's

Corp.,

Facility

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

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

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

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

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

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

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

2.00%

Floor

3.25%),

7.60%

10/17/31

(b)(d)

..........

8,000

8,004,531

Cirkul

Sec,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

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

(1-mo.

CME

Term

SOFR

0.00%

Floor

3.50%),

7.80%

03/30/29

(b)

...........

3,889

3,894,525

Clydesdale

Acquisition

Holdings,

Inc.,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

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

0.50%

Floor

3.50%),

8.06%

09/29/28

(b)

3,756

3,766,143

CPPIB

OVM

Member

LLC,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

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

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

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

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

0.75%

Floor

5.00%),

9.57%

08/02/27

(b)

...........

721

722,578

DirecTV

Financing

LLC,

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.75%

Floor

5.50%),

9.81%

02/17/31

(b)

...........

6,741

6,490,524

ECL

Entertainment

LLC,

Facility

1st

Lien

Term

Loan

(1-mo.

CME

Term

SOFR

0.00%

Floor

3.50%),

7.86%

08/30/30

(b)

...........

10,830

10,875,475

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Emerald

Technologies

AcquisitionCo,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

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

(1-mo.

CME

Term

SOFR

0.50%

Floor

3.25%),

7.58%

01/29/29

(b)

...........

6,017

6,018,429

Finastra

USA,

Inc.,

1st

Lien

Term

Loan

6.56%

07/30/30

(d)

.........

4,894

5,543,492

First

Brands

Group

LLC,

1st

Lien

Term

Loan,

(3-mo.

EURIBOR

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

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

0.00%

Floor

4.75%),

9.22%, 04/30/28

(b)

.........

2,916

2,065,587

Investment

LP,

1st

Lien

Term

Loan

(b)(d)

(1-mo.

CME

Term

SOFR

0.00%

Floor

2.82%),

7.53%, 12/09/26

954

953,718

(1-mo.

CME

Term

SOFR

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

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

0.00%

Floor

3.00%),

7.21%

11/13/31

(b)

12,353

12,381,946

Indy

Bidco

LLC,

1st

Lien

Term

Loan,

(1-mo.

EURIBOR

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

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

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

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

0.00%

Floor

7.50%),

15.00%, 06/05/28

....

3,412

1,995,876

(US

Prime

Rate

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

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

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

(1-mo.

CME

Term

SOFR

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

0.00%

Floor

5.00%),

5.00%, 06/02/28

....

GBP

979

1,210,051

(3-mo.

EURIBOR

0.00%

Floor

3.75%),

5.78%, 06/02/28

....

EUR

5,985

6,527,776

Redstone

Holdco

LP,

1st

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

0.00%

Floor

4.75%),

9.06%

04/27/28

(b)

...........

USD

9,535

4,946,089

Redstone

HoldCo

LP,

2nd

Lien

Term

Loan,

(3-mo.

CME

Term

SOFR

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

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

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

(1-mo.

CME

Term

SOFR

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

0.00%

Floor

4.35%),

8.70%

01/01/28

(b)(d)

7,900

7,900,000

TransDigm,

Inc.,

1st

Lien

Term

Loan

(3-mo.

CME

Term

SOFR

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

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

Corp.,

1st

Lien

Term

Loan

B1,

(3-mo.

CME

Term

SOFR

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

(

000)

Value

Foreign

Agency

Obligations

Chile

—

0.0%

Corp.

Nacional

del

Cobre

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

France

(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.

(5-Year

Treasury

Yield

Curve

Rate

Note

Constant

Maturity

3.47%),

4.30%

(b)(q)

...........

USD

1,250

1,204,688

Perusahaan

Perseroan

Persero

Perusahaan

Listrik

Negara,

1.88%,

11/05/31

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

EUR

1,000

999,263

2,203,951

Kazakhstan

—

0.0%

Development

Bank

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

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

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

Armenia,

6.75%,

03/12/35

(a)

651

637,166

Bahrain

—

0.0%

Kingdom

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

Brazil,

10.00%,

01/01/27

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

BRL

15,837,448

Bulgaria

—

0.0%

Bulgaria

Government

Bond,

5.00%,

03/05/37

(c)

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

USD

852

830,186

Cameroon

—

0.0%

Republic

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

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

China,

2.11%,

08/25/34

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

CNY

25,520

3,646,096

Colombia

—

0.1%

Republic

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

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

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

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

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

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

Jordan,

7.50%,

01/13/29

(a)

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

671

692,264

Kenya

—

0.0%

Republic

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

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

Montenegro,

2.88%,

12/16/27

(c)

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

EUR

663

738,881

Morocco

—

0.0%

Kingdom

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

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

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

Panama

7.50%,

03/01/31

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

1,246

1,335,712

6.40%,

02/14/35

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

1,076

1,058,784

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

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

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

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

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

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

Turkiye

—

0.0%

Republic

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

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

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

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

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

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

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

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

12,010

0.00%,

02/01/34

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

35,859

1.75%,

02/01/34

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

186

95,862

0.00%,

02/01/35

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

37,929

0.00%,

02/01/36

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

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

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

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

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

(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

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

........

2,883

81,848

Total

Investment

Companies

—

2.6%

(Cost:

$390,414,086)

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

416,194,574

Par

(000)

(

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

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

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

(1-mo.

CME

Term

SOFR

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

the

Americas

Trust,

Series

2015-1211,

Class

4.14%,

08/10/35

(a)(b)

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

USD

4,330

4,004,167

Arbor

Multifamily

Mortgage

Securities

Trust,

Series

2020-MF1,

Class

1.75%,

05/15/53

(a)

...........

1,650

1,314,341

BAHA

Trust,

Series

2024-MAR,

Class

7.52%,

12/10/41

(a)(b)

........

5,180

5,330,991

BAMLL

Trust,

Series

2025-ASHF,

Class

(1-mo.

CME

Term

SOFR

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

0.00%

Floor

1.16%),

5.52%,

11/25/35

...

227

243,082

Series

2006-3A,

Class

M1,

(1-mo.

CME

Term

SOFR

0.00%

Floor

0.62%),

4.98%,

10/25/36

...

215

204,427

BBCMS

Mortgage

Trust,

Series

2018-

TALL,

Class

(1-mo.

CME

Term

SOFR

1.27%

Floor

1.32%),

5.66%,

03/15/37

(a)(b)

..........

4,880

4,442,231

BHMS

(a)(b)

Series

2018-ATLS,

Class

(1-mo.

CME

Term

SOFR

1.50%

Floor

1.55%),

5.89%,

07/15/35

...

6,720

6,718,786

Series

2018-ATLS,

Class

(1-mo.

CME

Term

SOFR

2.15%

Floor

2.20%),

6.54%,

07/15/35

...

1,583

1,578,683

BMP,

Series

2024-MF23,

Class

(1-mo.

CME

Term

SOFR

3.39%

Floor

3.39%),

7.73%,

06/15/41

(a)(b)

2,352

2,348,253

BWAY

Mortgage

Trust,

Series

2013-

1515,

Class

3.63%,

03/10/33

(a)

3,735

3,368,334

Commercial

Mortgage

Trust

(a)

Series

2020-VIV4,

Class

2.84%,

03/09/44

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

1,425

1,299,945

Series

2021-NWM,

Class

(1-mo.

CME

Term

SOFR

0.91%

Floor

1.02%),

5.37%,

02/15/33

(b)

18,808

18,699,892

Series

2021-NWM,

Class

(1-mo.

CME

Term

SOFR

2.15%

Floor

2.26%),

6.61%,

02/15/33

(b)

11,028

10,978,945

Series

2021-NWM,

Class

(1-mo.

CME

Term

SOFR

4.25%

Floor

4.36%),

8.71%,

02/15/33

(b)

7,282

7,269,076

Series

2021-SOAR,

Class

(1-mo.

CME

Term

SOFR

2.80%

Floor

2.91%),

7.26%,

06/15/38

(b)

8,070

8,072,960

Series

2021-XL2,

Class

(1-mo.

CME

Term

SOFR

0.69%

Floor

0.80%),

5.14%,

10/15/38

(b)

902

901,968

Series

2021-XL2,

Class

(1-mo.

CME

Term

SOFR

2.24%

Floor

2.36%),

6.70%,

10/15/38

(b)

11,484

11,483,500

Series

2024-BRBK,

Class

(1-mo.

CME

Term

SOFR

4.87%

Floor

4.87%),

9.21%,

10/15/41

(b)

2,000

2,006,214

Series

2024-BRBK,

Class

(1-mo.

CME

Term

SOFR

5.97%

Floor

5.97%),

10.31%,

10/15/41

(b)

2,573

2,582,594

Series

2024-GPA3,

Class

(1-mo.

CME

Term

SOFR

1.64%

Floor

1.64%),

5.98%,

12/15/39

(b)

9,450

9,470,954

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

Series

2024-KING,

Class

(1-mo.

CME

Term

SOFR

1.54%

Floor

1.54%),

5.88%,

05/15/34

(b)

USD

3,020

3,021,181

Series

2024-XL5,

Class

(1-mo.

CME

Term

SOFR

1.39%

Floor

1.39%),

5.73%,

03/15/41

(b)

4,507

4,516,362

Trust

(a)(b)

Series

2019-OC11,

Class

3.94%,

12/09/41

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

8,408

7,836,157

Series

2019-OC11,

Class

3.94%,

12/09/41

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

11,784

10,763,461

Series

2024-CNYN,

Class

(1-mo.

CME

Term

SOFR

1.44%

Floor

1.44%),

5.78%,

04/15/41

...

5,014

5,029,215

Series

2024-VLT4,

Class

(1-mo.

CME

Term

SOFR

2.89%

Floor

2.89%),

7.23%,

07/15/29

...

2,571

2,561,359

Series

2024-VLT4,

Class

(1-mo.

CME

Term

SOFR

3.94%

Floor

3.94%),

8.28%,

07/15/29

...

6,427

6,370,065

Series

2025-ROIC,

Class

(1-mo.

CME

Term

SOFR

2.94%

Floor

2.94%),

7.28%,

03/15/30

...

4,536

4,451,532

Mortgage

Trust,

Series

2017-CD6,

Class

3.91%,

11/13/50

(b)

.....

864

816,382

CFSP

Mortgage

Trust,

Series

2024-

AHP1,

Class

6.50%,

04/15/37

5,098

4,876,483

Commercial

Mortgage

Trust,

Series

2024-WCL1,

Class

(1-mo.

CME

Term

SOFR

4.49%

Floor

4.49%),

8.83%,

06/15/41

(a)(b)

....

3,030

3,005,387

CONE

Trust,

Series

2024-DFW1,

Class

(1-mo.

CME

Term

SOFR

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

4.61%,

11/15/48

(b)

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

640

628,720

CSMC

Trust

(a)(b)

Series

2020-FACT,

Class

(1-mo.

CME

Term

SOFR

4.86%

Floor

5.48%),

9.82%,

10/15/37

...

1,103

1,023,561

Series

2022-LION,

Class

(1-mo.

CME

Term

SOFR

3.59%

Floor

3.44%),

7.78%,

02/15/27

(d)

11,900

11,790,119

DBGS,

Series

2024-SBL,

Class

(1-mo.

CME

Term

SOFR

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

(1-mo.

CME

Term

SOFR

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

(1-mo.

CME

Term

SOFR

2.25%

Floor

2.36%),

6.71%,

07/15/38

...

12,234

12,249,034

Series

2021-ESH,

Class

(1-mo.

CME

Term

SOFR

2.85%

Floor

2.96%),

7.31%,

07/15/38

...

7,805

7,837,031

Mortgage

Securities

Corp.

Trust

(a)(b)

Series

2021-DM,

Class

(1-mo.

CME

Term

SOFR

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

(1-mo.

CME

Term

SOFR

0.95%

Floor

1.06%),

5.41%,

10/15/36

....

USD

1,493

1,492,395

Series

2021-ROSS,

Class

(1-mo.

CME

Term

SOFR

1.15%

Floor

1.41%),

5.76%,

05/15/26

...

1,480

1,393,050

Series

2025-800D,

Class

(1-mo.

CME

Term

SOFR

2.65%

Floor

2.65%),

7.00%,

11/25/41

...

9,085

9,102,139

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

(1-mo.

CME

Term

SOFR

1.54%

Floor

1.54%),

5.88%,

05/15/37

...

5,135

5,138,209

Series

2024-ORL,

Class

(1-mo.

CME

Term

SOFR

3.19%

Floor

3.19%),

7.53%,

05/15/37

...

5,979

5,971,541

Hudson

Yards

Mortgage

Trust,

Series

2016-10HY,

Class

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

2.25%

Floor

2.49%),

6.82%,

07/05/33

1,253

853,242

Series

2021-MHC,

Class

(1-mo.

CME

Term

SOFR

2.45%

Floor

2.81%),

7.16%,

04/15/38

...

7,106

7,112,662

Series

2021-MHC,

Class

(1-mo.

CME

Term

SOFR

2.95%

Floor

3.31%),

7.66%,

04/15/38

...

3,330

3,333,122

Series

2022-OPO,

Class

3.45%,

01/05/39

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

3,082

2,620,618

Commercial

Mortgage

Trust,

Series

2024-MRCO,

Class

(1-mo.

CME

Term

SOFR

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

(1-mo.

CME

Term

SOFR

1.54%

Floor

1.54%),

5.88%,

12/15/39

(a)(b)

....

3,900

3,898,781

LBA

Trust,

Series

2024-BOLT,

Class

(1-mo.

CME

Term

SOFR

4.44%

Floor

4.44%),

8.78%,

06/15/39

(a)(b)

929

925,260

LoanCore

2025

Issuer

LLC,

Series

2025-CRE8,

Class

(1-mo.

CME

Term

SOFR

1.39%

Floor

1.39%),

5.73%,

08/17/42

(a)(b)

....

5,220

5,220,743

MCR

Mortgage

Trust,

Series

2024-

TWA,

Class

8.73%,

06/12/39

(a)

1,974

1,986,994

MHC

Commercial

Mortgage

Trust

(a)(b)

Series

2021-MHC,

Class

(1-mo.

CME

Term

SOFR

2.10%

Floor

2.22%),

6.56%,

04/15/38

...

7,877

7,886,646

Series

2021-MHC,

Class

(1-mo.

CME

Term

SOFR

2.60%

Floor

2.72%),

7.06%,

04/15/38

...

902

902,445

MHP

Commercial

Mortgage

Trust,

Series

2021-STOR,

Class

(1-mo.

CME

Term

SOFR

2.75%

Floor

2.86%),

7.21%,

07/15/38

(a)(b)

....

3,936

3,938,460

Morgan

Stanley

Capital

Trust,

Series

2018-MP,

Class

4.28%,

07/11/40

(a)

(b)

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

2,110

1,983,487

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Par

(000)

Par

(000)

Value

United

States

(continued)

PKHL

Commercial

Mortgage

Trust,

Series

2021-MF,

Class

(1-mo.

CME

Term

SOFR

3.35%

Floor

3.46%),

7.81%,

07/15/38

(a)(b)

....

USD

929

233,613

PRM5

Trust,

Series

2025-PRM5,

Class

5.62%,

03/10/33

(a)(b)

........

5,600

5,535,862

SCG

Commercial

Mortgage

Trust,

Series

2025-DLFN,

Class

(1-mo.

CME

Term

SOFR

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

(1-mo.

CME

Term

SOFR

0.73%

Floor

0.85%),

5.19%,

11/15/38

...

1,346

1,346,251

Series

2021-MFP,

Class

(1-mo.

CME

Term

SOFR

2.63%

Floor

2.74%),

7.08%,

11/15/38

...

8,244

8,244,134

Series

2021-MFP2,

Class

(1-mo.

CME

Term

SOFR

2.62%

Floor

2.73%),

7.07%,

11/15/36

...

2,325

2,324,274

STWD

Trust,

Series

2021-FLWR,

Class

(1-mo.

CME

Term

SOFR

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

6.22%,

07/10/36

(a)(b)

..........

6,220

6,088,556

VEGAS

Trust,

Series

2024-GCS,

Class

6.22%,

07/10/36

(a)(b)

........

7,010

6,582,182

VNDO

Trust,

Series

2016-350P,

Class

3.90%,

01/10/35

(a)(b)

........

2,150

2,089,735

Wells

Fargo

Commercial

Mortgage

Trust

(a)(b)

Series

2018-1745,

Class

3.75%,

06/15/36

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

1,376

1,248,177

Series

2024-1CHI,

Class

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

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

Value

Preferred

Securities

Preferred

Stocks

—

3.1%

Brazil

—

0.2%

Banco

Bradesco

(Preference)

...

1,627,600

4,505,326

Gerdau

(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)(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

(Acquired

12/11/20,

cost

$13,030,114)

(d)(f)(j)

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

4,047

—

Sweden

—

0.0%

Volta

Greentech

AB,

Series

(Acquired

02/22/22

cost

$3,635,023)

(d)(f)(j)

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

30,817

—

United

Kingdom

—

0.1%

10x

Future

Technologies

Services

Ltd.,

Series

(Acquired

12/19/23,

cost

$21,869,474)

(d)(f)(j)

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

637,808

8,962,297

United

States

—

2.4%

Anduril

Engineering

LLC,

Series

(d)(f)

306,011

12,509,730

Breeze

Aviation

Group,

Inc.,

Series

(Acquired

07/30/21,

cost

$10,090,875)

(d)(f)(j)

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

18,683

2,780,778

Bright

Machines,

Inc.,

Series

(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

(Acquired

06/03/24,

cost

$11,769,837)

(d)(f)(j)

822,138

94,455,435

Databricks,

Inc.,

Series

(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

(d)(f)

...

561,818

8,073,325

Insightful

Corp.,

Series

(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

(Acquired

09/03/21,

cost

$2,543,928)

(d)(f)(j)

424,788

1,002,500

Lessen

Holdings,

Inc.,

Series

(d)(f)

259,727

275,311

Lessen

Holdings,

Inc.,

Series

BX,

Class

(d)(f)

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

841,086

656,047

Loadsmart,

Inc.,

Series

(Acquired

10/05/20,

cost

$10,694,460)

(d)(f)(j)

1,250,814

7,592,441

Loadsmart,

Inc.,

Series

(Acquired

01/27/22,

cost

$2,628,040)

(d)(f)(j)

131,402

1,237,807

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

(Percentages

shown

are

based

Net

Assets)

Security

Value

United

States

(continued)

MNTN,

Inc.,

Series

(Acquired

11/05/21,

cost

$7,559,970)

(f)(j)

....

329,191

9,270,019

Mythic

AI,

Inc.,

Series

(Acquired

01/26/21,

cost

$6,129,221)

(d)(f)(j)

8,922

—

Noodle,

Inc.,

Series

(Acquired

08/26/21,

cost

$9,816,152)

(d)(f)(j)

1,099,886

1,495,845

PsiQuantum

Corp.,

Series

(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

(Acquired

06/03/24,

cost

$11,739,901)

(d)(f)(j)

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

220,503

9,805,769

SambaNova

Systems,

Inc.,

Series

(Acquired

06/03/24,

cost

$6,878,356)

(d)(f)(j)

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

72,390

3,828,707

SCI

Parent,

Inc.,

(Acquired

02/10/23,

cost

$3,949,000),

12.50%

(d)(j)

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

3,949

5,138,755

Snorkel

AI,

Inc.,

Series

(Acquired

06/30/21,

cost

$3,799,839)

(d)(f)(j)

252,991

2,413,534

Ursa

Major

Technologies,

Inc.,

Series

(Acquired

09/13/21,

cost

$9,742,600)

(d)(f)(j)

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

1,633,349

6,272,060

Ursa

Major

Technologies,

Inc.,

Series

(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

(Acquired

10/14/22,

cost

$5,641,940),

12.00%

(d)(j)

.......

1,933,359

9,937,465

Wells

Fargo

Co.,

Series

7.50%

(n)(q)

5,825

6,899,945

x.AI,

Inc.,

Series

Class

(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)

(

000)

U.S.

Government

Meta

Platforms,

Inc.

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

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.

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

08/15/25

USD

270.00

USD

2,299

18,423

SPDR

Gold

(a)

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

1,759

08/15/25

USD

315.00

USD

53,291

110,816

SPDR

Gold

(a)

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

4,999

08/15/25

USD

310.00

USD

151,450

722,356

SPDR

Gold

(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.

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

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

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

08/15/25

USD

460.00

USD

2,585

8,703

Valero

Energy

Corp.

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

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.

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

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

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

08/22/25

USD

113.00

USD

4,800

4,500

U.S.

Treasury

10-Year

Note

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

Exchange-Traded

Options

Purchased

(continued)

Description

Number

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

(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

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

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

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

400

08/01/25

USD

571.00

USD

22,600

245,400

Invesco

QQQ

Trust,

Series

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

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

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

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

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

248

09/19/25

EUR

1,600.00

EUR

43,040

1,325,230

Rheinmetall

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

123

10/17/25

EUR

1,600.00

EUR

21,347

1,064,688

5,000,372

31,998,409

(a)

All

portion

the

security

held

wholly-owned

subsidiary.

OTC

Currency

Options

Purchased

Description

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

USD

Currency

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

Royal

Bank

Canada

08/07/25

MXN

19.40

USD

11,223

4,751

USD

Currency

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

JPMorgan

Chase

Bank

08/14/25

THB

33.00

USD

4,449

13,066

USD

Currency

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

JPMorgan

Chase

Bank

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

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

USD

Currency

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

Citibank

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

08/27/25

USD

1.15

EUR

4,599

60,227

EUR

Currency

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

Credit

Agricole

Corporate

Investment

Bank

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

10/08/25

JPY

142.00

USD

148,561

476,811

641,927

1,098,861

OTC

Credit

Default

Swaptions

Purchased

Paid

the

Fund

Received

the

Fund

Description

Rate/Reference

Frequency

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

(a)

Value

Put

Bought

Protection

5-Year

Credit

Default

Swap

......

.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

5-Year

Credit

Default

Swap

......

.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

5-Year

Credit

Default

Swap

......

.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

5-Year

Credit

Default

Swap

......

.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

5-Year

Credit

Default

Swap

......

.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

negative

credit

event

take

place

defined

under

the

terms

the

agreement.

OTC

Interest

Rate

Swaptions

Purchased

Paid

the

Fund

Received

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

08/18/25

.50

USD

229,310

286,666

30-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.80%

Annual

JPMorgan

Chase

Bank

10/30/25

.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

.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

.80

USD

34,550

726,967

1-Year

Interest

Rate

Swap

(a)

1-day

SONIA

Termination

3.50%

Termination

Morgan

Stanley

Co.

International

plc

04/22/26

.50

GBP

914,097

2,389,014

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

OTC

Interest

Rate

Swaptions

Purchased

(continued)

Paid

the

Fund

Received

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

Termination

3.60%

Termination

Morgan

Stanley

Co.

International

plc

05/01/26

.60

GBP

1,128,515

3,731,859

9,095,496

(a)

Forward

settling

swaption.

Exchange-Traded

Options

Written

Description

Number

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

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

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

America

Corp.

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

3,638

08/15/25

USD

50.00

USD

17,197

(

47,294

)

CyberArk

Software

Ltd.

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

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

(a)

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

1,759

08/15/25

USD

335.00

USD

53,291

(

12,313

)

SPDR

Gold

(a)

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

4,999

08/15/25

USD

325.00

USD

151,450

(

74,985

)

SPDR

Gold

(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.

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

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.

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

09/19/25

USD

440.00

USD

2,016

(

57,575

)

CyberArk

Software

Ltd.

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

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

)

Horton,

Inc.

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

Exchange-Traded

Options

Written

(continued)

Description

Number

Contracts

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Hilton

Worldwide

Holdings,

Inc.

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

09/19/25

USD

310.00

USD

1,126

(

3,780

)

Home

Depot,

Inc.

(The)

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

09/19/25

USD

385.00

USD

3,381

(

60,490

)

Intuit,

Inc.

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

09/19/25

USD

840.00

USD

2,355

(

41,700

)

Intuit,

Inc.

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

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.

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

09/19/25

USD

635.00

USD

2,776

(

4,263

)

Meta

Platforms,

Inc.

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

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.

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

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.

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

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

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

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

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.

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

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.

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

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.

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

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

Exchange-Traded

Options

Written

(continued)

Description

Number

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.

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

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.

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

12/19/25

USD

500.00

USD

1,665

(

29,970

)

Tesla,

Inc.

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

12/19/25

USD

460.00

USD

1,695

(

43,862

)

Trane

Technologies

plc

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

12/19/25

USD

500.00

USD

4,030

(

72,681

)

TransDigm

Group,

Inc.

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

12/19/25

USD

1,800.00

USD

3,217

(

66,700

)

United

Airlines

Holdings,

Inc.

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

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

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

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

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

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

(a)

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

1,252

08/15/25

USD

295.00

USD

37,931

(

108,924

)

SPDR

Gold

(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

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

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

(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

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

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

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

123

10/17/25

EUR

1,400.00

EUR

21,347

(

376,887

)

(

14,109,270

)

(

50,839,460

)

(a)

All

portion

the

security

held

wholly-owned

subsidiary.

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

OTC

Currency

Options

Written

Description

Counterparty

Expiration

Date

Exercise

Price

Notional

Amount

(000)

Value

Call

USD

Currency

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

Royal

Bank

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

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

(

)

USD

Currency

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

Citibank

08/06/25

CNH

6.90

USD

207,295

(

)

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

the

Fund

Received

the

Fund

Description

Rate/Reference

Frequency

Counterparty

Expiration

Date

Credit

Rating

(a)

Exercise

Price

Notional

Amount

(000)

(b)

Value

Put

Sold

Protection

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

.00

Quarterly

Goldman

Sachs

International

08/20/25

B+

USD

102.00

USD

16,825

(

3,244

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

.00

Quarterly

Goldman

Sachs

International

08/20/25

B+

USD

103.00

USD

16,780

(

5,029

)

Sold

Protection

5-Year

Credit

Default

Swap

.........

Markit

CDX

North

American

High

Yield

Index

Series

44.V1

.00

Quarterly

Goldman

Sachs

International

08/20/25

B+

USD

103.00

USD

13,055

(

3,912

)

(

12,185

)

(a)

Using

the

rating

the

issuer

the

underlying

securities

the

index,

applicable,

provided

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

negative

credit

event

take

place

defined

under

the

terms

the

agreement.

OTC

Interest

Rate

Swaptions

Written

Paid

the

Fund

Received

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

08/18/25

.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

.57

CZK

167,586

(

)

5-Year

Interest

Rate

Swap

(a)

2.05%

Annual

6-mo.

EURIBOR

Semi-Annual

Morgan

Stanley

Co.

International

plc

09/02/25

.05

EUR

96,875

(

10,215

)

5-Year

Interest

Rate

Swap

(a)

3.23%

Annual

1-day

SOFR

Annual

Bank

America

09/12/25

.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

.05

USD

627,555

(

177,839

)

2-Year

Interest

Rate

Swap

(a)

3.30%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

09/22/25

.30

USD

461,418

(

341,704

)

2-Year

Interest

Rate

Swap

(a)

3.08%

Annual

1-day

SOFR

Annual

Citibank

09/26/25

.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

.05

USD

317,757

(

117,523

)

5-Year

Interest

Rate

Swap

(a)

3.00%

Annual

1-day

SOFR

Annual

Deutsche

Bank

09/30/25

.00

USD

235,152

(

156,364

)

30-Year

Interest

Rate

Swap

(a)

3.50%

Annual

1-day

SOFR

Annual

JPMorgan

Chase

Bank

10/30/25

.50

USD

78,497

(

254,429

)

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

OTC

Interest

Rate

Swaptions

Written

(continued)

Paid

the

Fund

Received

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

.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

.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

.50

USD

34,550

(

307,517

)

1-Year

Interest

Rate

Swap

(a)

3.10%

Termination

1-day

SONIA

Termination

Morgan

Stanley

Co.

International

plc

04/22/26

.10

GBP

914,097

(

1,024,415

)

1-Year

Interest

Rate

Swap

(a)

2.80%

Termination

1-day

SONIA

Termination

Morgan

Stanley

Co.

International

plc

05/01/26

.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

08/04/25

.80

USD

25,415

(

181

)

2-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.75%

Annual

Citibank

09/08/25

.75

USD

588,655

(

719,680

)

2-Year

Interest

Rate

Swap

(a)

6-mo.

EURIBOR

Semi-Annual

2.15%

Annual

JPMorgan

Chase

Bank

09/10/25

.15

EUR

401,890

(

362,244

)

2-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.90%

Annual

BNP

Paribas

09/22/25

.90

USD

310,327

(

174,826

)

5-Year

Interest

Rate

Swap

(a)

6-mo.

EURIBOR

Semi-Annual

2.50%

Annual

Deutsche

Bank

09/25/25

.50

EUR

116,205

(

235,343

)

2-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.80%

Annual

Deutsche

Bank

10/08/25

.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

.90

USD

43,230

(

79,087

)

2-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.80%

Annual

JPMorgan

Chase

Bank

10/30/25

.80

USD

392,485

(

557,396

)

2-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.87%

Annual

JPMorgan

Chase

Bank

10/31/25

.87

USD

39,444

(

40,627

)

2-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

3.80%

Annual

Citibank

11/06/25

.80

USD

471,441

(

695,926

)

5-Year

Interest

Rate

Swap

(a)

1-day

SOFR

Annual

4.10%

Annual

Deutsche

Bank

11/06/25

.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

.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

.90

USD

311,975

(

476,055

)

1-Year

Interest

Rate

Swap

(a)

1-day

SONIA

Termination

4.20%

Termination

Morgan

Stanley

Co.

International

plc

04/22/26

.20

GBP

914,097

(

407,171

)

1-Year

Interest

Rate

Swap

(a)

1-day

SONIA

Termination

4.10%

Termination

Morgan

Stanley

Co.

International

plc

05/01/26

.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

....

.01

Deutsche

Bank

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

the

Fund

Payment

Frequency

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Avis

Budget

Car

Rental

LLC

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

.00

Quarterly

12/20/26

USD

12,271

(

634,100

)

(

490,962

)

(

143,138

)

Markit

CDX

North

American

Investment

Grade

Index

Series

39.V1

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

.00

Quarterly

12/20/27

USD

5,479

(

96,469

)

(

3,814

)

(

92,655

)

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

Centrally

Cleared

Credit

Default

Swaps

—

Buy

Protection

(continued)

Reference

Obligation/Index

Financing

Rate

Paid

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

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

.00

Quarterly

06/20/30

USD

5,620

(

438,676

)

(

428,368

)

(

10,308

)

Markit

CDX

North

American

Investment

Grade

Index

Series

44.V1

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

.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

Swaps

—

Sell

Protection

Reference

Obligation/Index

Financing

Rate

Received

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

...........

.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

...........

.00

Quarterly

12/20/28

A-

USD

31,965

2,466,674

820,111

1,646,563

iTraxx

Europe

Crossover

Index

Series

42.V2

.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

.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

the

issuer

the

underlying

securities

the

index,

applicable,

provided

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

negative

credit

event

take

place

defined

under

the

terms

the

agreement.

Centrally

Cleared

Interest

Rate

Swap

Paid

the

Fund

Received

the

Fund

Rate

Frequency

Rate

Frequency

Effective

Date

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

1-day

EFFR

Termination

4.24%

Termination

N/A

07/30/25

USD

2,369,710

(

287,033

)

—

(

287,033

)

1-day

EFFR

Termination

4.28%

Termination

N/A

09/17/25

USD

1,261,900

76,302

—

76,302

1-day

EFFR

Termination

4.33%

Termination

N/A

09/17/25

USD

1,367,025

164,961

—

164,961

1-day

EFFR

Termination

4.18%

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%

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

Centrally

Cleared

Interest

Rate

Swaps

(continued)

Paid

the

Fund

Received

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

Termination

3.18%

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

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

Centrally

Cleared

Interest

Rate

Swaps

(continued)

Paid

the

Fund

Received

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

(

)

—

(

)

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

Paid

the

Fund

Received

the

Fund

Reference

Frequency

Rate

Frequency

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Harmonised

Index

Consumer

Prices

ex.

Tobacco

All

Items

Monthly

Termination

2.69%

Termination

08/15/32

EUR

14,565

523,800

—

523,800

OTC

Credit

Default

Swap

—

Buy

Protection

Reference

Obligation/Index

Financing

Rate

Paid

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

Hertz

Corp.

(The)

..........

.00

Quarterly

JPMorgan

Chase

Bank

12/20/25

USD

370

6,163

9,931

(

3,768

)

Community

Health

Systems,

Inc.

.00

Quarterly

Goldman

Sachs

International

06/20/26

USD

320

(

267

)

10,208

(

10,475

)

Community

Health

Systems,

Inc.

.00

Quarterly

Goldman

Sachs

International

06/20/26

USD

475

(

396

)

19,645

(

20,041

)

BorgWarner,

Inc.

..........

.00

Quarterly

BNP

Paribas

12/20/27

USD

1,330

(

22,257

)

8,810

(

31,067

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Barclays

Bank

plc

12/20/27

USD

480

(

777

)

59,592

(

60,369

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Citibank

12/20/27

USD

270

(

437

)

35,282

(

35,719

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Citibank

12/20/27

USD

400

(

648

)

53,796

(

54,444

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Goldman

Sachs

International

12/20/27

USD

675

(

1,093

)

86,119

(

87,212

)

Pitney

Bowes,

Inc.

.........

.00

Quarterly

Goldman

Sachs

International

12/20/27

USD

490

(

793

)

60,868

(

61,661

)

Xerox

Corp.

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

.00

Quarterly

JPMorgan

Chase

Bank

12/20/27

USD

790

184,649

44,180

140,469

Paramount

Global

.........

.00

Quarterly

Barclays

Bank

plc

06/20/28

USD

425

(

6,127

)

10,388

(

16,515

)

Paramount

Global

.........

.00

Quarterly

Barclays

Bank

plc

06/20/28

USD

395

(

5,698

)

9,661

(

15,359

)

Simon

Property

Group

....

.00

Quarterly

JPMorgan

Chase

Bank

06/20/28

USD

4,065

(

75,710

)

53,985

(

129,695

)

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

OTC

Credit

Default

Swaps

—

Buy

Protection

(continued)

Reference

Obligation/Index

Financing

Rate

Paid

the

Fund

Payment

Frequency

Counterparty

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

UBS

Group

...........

.00

Quarterly

JPMorgan

Chase

Bank

06/20/28

EUR

7,200

(

177,550

)

138,262

(

315,812

)

Boeing

Co.

(The)

..........

.00

Quarterly

Deutsche

Bank

12/20/28

USD

8,100

(

133,385

)

(

26,876

)

(

106,509

)

Boeing

Co.

(The)

..........

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

USD

8,100

(

140,620

)

75,599

(

216,219

)

DXC

Technology

Co.

.......

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

USD

1,385

(

208,669

)

(

136,550

)

(

72,119

)

DXC

Technology

Co.

.......

.00

Quarterly

JPMorgan

Chase

Bank

06/20/29

USD

692

(

104,259

)

(

60,300

)

(

43,959

)

Deutsche

Bank

.........

.00

Quarterly

BNP

Paribas

12/20/29

EUR

3,917

(

68,391

)

(

22,210

)

(

46,181

)

Intesa

Sanpaolo

SpA

.......

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

EUR

3,779

(

40,107

)

—

(

40,107

)

Telecom

Italia

SpA

.........

.00

Quarterly

Goldman

Sachs

International

12/20/29

EUR

1,700

7,597

73,001

(

65,404

)

Ally

Financial,

Inc.

.........

.00

Quarterly

Goldman

Sachs

International

06/20/30

USD

2,355

(

397,181

)

(

335,980

)

(

61,201

)

Intesa

Sanpaolo

SpA

.......

.00

Quarterly

BNP

Paribas

06/20/30

EUR

4,187

(

138,449

)

(

87,245

)

(

51,204

)

Occidental

Petroleum

Corp.

...

.00

Quarterly

Deutsche

Bank

06/20/30

USD

1,430

(

7,647

)

(

3,708

)

(

3,939

)

Republic

Panama

........

.00

Quarterly

Morgan

Stanley

Co.

International

plc

06/20/30

USD

565

17,777

25,756

(

7,979

)

Simon

Property

Group

....

.00

Quarterly

BNP

Paribas

06/20/30

USD

1,130

(

22,779

)

(

5,901

)

(

16,878

)

Southwest

Airlines

Co.

......

.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

—

Sell

Protection

Reference

Obligation/Index

Financing

Rate

Received

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

.00

Quarterly

JPMorgan

Chase

Bank

12/20/25

BB+

USD

2,125

50,519

14,529

35,990

Altice

France

......

.00

Quarterly

Deutsche

Bank

12/20/29

EUR

2,841

(

358,653

)

(

475,350

)

116,697

Eutelsat

..........

.00

Quarterly

Deutsche

Bank

12/20/29

EUR

979

106,410

(

87,291

)

193,701

Forvia

...........

.00

Quarterly

Goldman

Sachs

International

12/20/29

BB-

EUR

992

107,913

62,240

45,673

Hannover

Rueck

....

.00

Quarterly

BNP

Paribas

12/20/29

A+

EUR

1,958

28,236

10,785

17,451

iTraxx

Europe

Crossover

Index

Series

42.V2

20-

35%

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

.00

Quarterly

BNP

Paribas

12/20/29

A+

EUR

6,475

1,030,223

760,662

269,561

Muenchener

Rueckversicherungs-

Gesellschaft

....

.00

Quarterly

BNP

Paribas

12/20/29

A+

EUR

1,958

29,237

11,201

18,036

Swedbank

........

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

AA-

EUR

3,779

26,477

(

9,967

)

36,444

Vistra

Operations

Co.

LLC

.00

Quarterly

Citibank

12/20/29

BB+

USD

735

127,715

115,776

11,939

Vistra

Operations

Co.

LLC

.00

Quarterly

JPMorgan

Chase

Bank

12/20/29

BB+

USD

385

66,898

57,339

9,559

AXA

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

.00

Quarterly

BNP

Paribas

06/20/30

A+

EUR

4,187

132,786

85,028

47,758

Eutelsat

..........

.00

Quarterly

JPMorgan

Chase

Bank

06/20/30

EUR

1,044

113,595

32,961

80,634

1,461,356

577,913

883,443

(a)

Using

the

rating

the

issuer

the

underlying

securities

the

index,

applicable,

provided

S&P

Global

Ratings.

(b)

The

maximum

potential

amount

the

Fund

may

pay

should

negative

credit

event

take

place

defined

under

the

terms

the

agreement.

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

OTC

Interest

Rate

Swaps

Paid

the

Fund

Received

the

Fund

Rate

Frequency

Rate

Frequency

Counterparty

Effective

Date

Termination

Date

Notional

Amount

(000)

Value

Upfront

Premium

Paid

(Received)

Unrealized

Appreciation

(Depreciation)

14.18%

Termination

1-day

BZDIOVER

Termination

Barclays

Bank

plc

N/A

01/02/26

BRL

34,502

(

3,907

)

—

(

3,907

)

14.79%

Termination

1-day

BZDIOVER

Termination

Barclays

Bank

plc

N/A

01/02/26

BRL

15,526

1,336

—

1,336

8.07%

Termination

1-day

IBR

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

Termination

10.00%

Termination

Bank

America

N/A

01/04/27

BRL

138,239

(

2,704,926

)

—

(

2,704,926

)

1-day

BZDIOVER

Termination

10.07%

Termination

BNP

Paribas

N/A

01/04/27

BRL

122,264

(

2,403,466

)

—

(

2,403,466

)

1-day

BZDIOVER

Termination

10.16%

Termination

BNP

Paribas

N/A

01/04/27

BRL

928

(

17,748

)

—

(

17,748

)

1-day

BZDIOVER

Termination

10.16%

Termination

BNP

Paribas

N/A

01/04/27

BRL

166,281

(

3,177,313

)

—

(

3,177,313

)

1-day

BZDIOVER

Termination

10.16%

Termination

Bank

America

N/A

01/04/27

BRL

173,308

(

3,314,423

)

—

(

3,314,423

)

1-day

BZDIOVER

Termination

9.77%

Termination

Citibank

N/A

01/04/27

BRL

29,794

(

533,843

)

—

(

533,843

)

1-day

BZDIOVER

Termination

13.09%

Termination

JPMorgan

Chase

Bank

N/A

01/02/29

BRL

556,755

(

1,329,969

)

—

(

1,329,969

)

1-day

BZDIOVER

Termination

13.33%

Termination

Barclays

Bank

plc

N/A

01/02/29

BRL

6,394

(

8,754

)

—

(

8,754

)

1-day

BZDIOVER

Termination

13.34%

Termination

Barclays

Bank

plc

N/A

01/02/29

BRL

29,038

(

30,754

)

—

(

30,754

)

1-day

BZDIOVER

Termination

14.03%

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

Termination

13.04%

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

Future

Reference

Entity

Fixed

Amount

Paid

(Received)

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

09/11/25

KRW

23,085,755

720,180

—

720,180

(a)

termination,

the

fixed

amount

paid

(received)

will

exchanged

for

the

total

return

the

reference

entity.

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

OTC

Total

Return

Swaps

Paid

the

Fund

Received

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%

.........

Termination

KOSPI

200

Index

Futures

September

2025

Termination

BNP

Paribas

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

09/19/25

USD

354

221,609

—

221,609

1-day

SOFR

minus

0.50%

.........

Termination

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

Termination

BNP

Paribas

09/19/25

USD

367

(

18,014

)

—

(

18,014

)

1-day

SOFR

minus

0.50%

.........

Termination

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

Termination

BNP

Paribas

09/19/25

USD

183

(

5,271

)

—

(

5,271

)

1-day

SOFR

minus

0.50%

.........

Termination

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

Termination

JPMorgan

Chase

Bank

09/19/25

USD

100

96,407

—

96,407

1-day

SOFR

minus

0.55%

.........

Termination

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

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

09/19/25

USD

479

309,980

—

309,980

1-day

SOFR

plus

0.10%

Termination

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

Termination

BNP

Paribas

09/19/25

USD

171

74,420

—

74,420

1-day

SOFR

plus

0.10%

Termination

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

Termination

JPMorgan

Chase

Bank

09/19/25

USD

645

191,427

—

191,427

iShares

iBoxx

Investment

Grade

Corporate

Bond

ETF

Termination

1-day

SOFR

minus

0.65%

Termination

Goldman

Sachs

International

09/19/25

USD

304

(

331,763

)

—

(

331,763

)

iShares

iBoxx

Investment

Grade

Corporate

Bond

ETF

Termination

1-day

SOFR

minus

0.65%

Quarterly

JPMorgan

Chase

Bank

09/19/25

USD

434

(

496,196

)

—

(

496,196

)

iShares

iBoxx

Investment

Grade

Corporate

Bond

ETF

Termination

1-day

SOFR

minus

0.75%

Termination

Goldman

Sachs

International

09/19/25

USD

509

(

642,847

)

—

(

642,847

)

0.00%

...........

Quarterly

Citi

Equity

Volatility

Carry

Index

Quarterly

Citibank

12/19/25

USD

1,156

13,394

—

13,394

0.00%

...........

Quarterly

Variable

Notional

Long-

Short

Cross-

Currency

Carry

Index

Quarterly

Deutsche

Bank

12/19/25

USD

807

16,017

—

16,017

0.00%

...........

Quarterly

Goldman

Sachs

Systematic

Skew

Series

I1D

Excess

Return

Index

Quarterly

Goldman

Sachs

International

12/19/25

USD

487

2,699

—

2,699

0.00%

...........

Quarterly

Goldman

Sachs

Weekly

Volatility

Carry

Index

Quarterly

Goldman

Sachs

International

12/19/25

USD

681

6,121

—

6,121

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

OTC

Total

Return

Swaps

(continued)

Paid

the

Fund

Received

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

Volatility

Carry

Index

Quarterly

JPMorgan

Chase

Bank

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

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

JPMorgan

Chase

Bank

USD

15,560,801

02/11/26

0.26%

OBFR01

Monthly

(

963,142

)

AMC

Networks,

Inc.

..........

Barclays

Bank

plc

514,974

08/23/26

0.20%

OBFR01

Monthly

(

22,997

)

AMC

Networks,

Inc.

..........

JPMorgan

Chase

Bank

1,069,566

02/09/26

0.20%

OBFR01

Monthly

(

12,355

)

Derayah

Financial

Co.

........

JPMorgan

Chase

Bank

650,958

02/11/26

0.75%

OBFR01

Monthly

(

67,021

)

Eagle

Bancorp,

Inc.

..........

JPMorgan

Chase

Bank

680,743

02/09/26

0.20%

OBFR01

Monthly

(

161,390

)

Flagstar

Financial,

Inc.

........

JPMorgan

Chase

Bank

3,270,782

02/09/26

0.20%

OBFR01

Monthly

8,715

flynas

Co.

SJSC

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

JPMorgan

Chase

Bank

2,151,879

02/11/26

0.75%

OBFR01

Monthly

(

200,633

)

Iberdrola

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

JPMorgan

Chase

Bank

3,272,153

02/11/26

0.26%

OBFR01

Monthly

(

34,591

)

Informatica,

Inc.

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

JPMorgan

Chase

Bank

1,382,999

02/09/26

0.20%

OBFR01

Monthly

20,455

Nice

One

Beauty

Digital

Marketing

Co.

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

JPMorgan

Chase

Bank

381,105

02/11/26

0.75%

OBFR01

Monthly

(

44,116

)

Paramount

Global

...........

JPMorgan

Chase

Bank

255,960

02/09/26

0.20%

OBFR01

Monthly

(

1,216

)

Rasan

Information

Technology

Co.

JPMorgan

Chase

Bank

4,219,221

02/11/26

0.75%

OBFR01

Monthly

117,415

Talabat

Holding

plc

...........

JPMorgan

Chase

Bank

2,694,659

02/11/26

0.75%

OBFR01

Monthly

(

167,814

)

United

International

Holding

Co.

JPMorgan

Chase

Bank

93,045

02/11/26

0.75%

OBFR01

Monthly

(

1,115

)

Total

long

positions

equity

swaps

(

1,529,805

)

Short

contracts

(b)

ABN

AMRO

Bank

.........

Citibank

(

4,701,034

)

02/26/26

(0.26)%

OBFR01

Monthly

(

95,025

)

NEXTDC

Ltd.

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

JPMorgan

Chase

Bank

(

2,933,472

)

02/10/26

(0.25)%

OBFR01

Monthly

(

49,547

)

Nippon

Express

Holdings,

Inc.

...

Citibank

(

147,955

)

02/26/26

(0.15)%

OBFR01

Monthly

(

1,420

)

Northern

Star

Resources

Ltd.

....

JPMorgan

Chase

Bank

(

1,967,070

)

02/10/26

(0.25)%

OBFR01

Monthly

183,191

Norwegian

Cruise

Line

Holdings

Ltd.

Citibank

(

10,258,096

)

02/24/28

(0.15)%

OBFR01

Monthly

(

846,497

)

Novonesis

Novozymes

......

Citibank

(

7,930,566

)

02/26/26

(0.26)%

OBFR01

Monthly

503,673

Holdings

Ltd.

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

Citibank

(

2,715,662

)

02/24/28

(0.15)%

OBFR01

Monthly

121,026

Oji

Holdings

Corp.

...........

Citibank

(

3,030,971

)

02/26/26

(0.13)%

OBFR01

Monthly

83,747

Ono

Pharmaceutical

Co.

Ltd.

....

Citibank

(

3,671,234

)

02/26/26

(0.13)%

OBFR01

Monthly

(

163,340

)

Neste

OYJ

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

Citibank

(

4,886,485

)

02/26/26

(0.26)%

OBFR01

Monthly

(

133,263

)

ORLEN

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

Citibank

(

5,276,135

)

02/26/26

(0.50)%

OBFR01

Monthly

361,720

Parker-Hannifin

Corp.

.........

Citibank

(

7,713,891

)

02/24/28

(0.15)%

OBFR01

Monthly

(

115,243

)

Pentair

plc

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

Citibank

(

4,919,280

)

02/24/28

(0.15)%

OBFR01

Monthly

123,647

Pernod

Ricard

...........

Citibank

(

8,523,887

)

02/26/26

(0.26)%

OBFR01

Monthly

720,958

POSCO

Future

Co.

Ltd.

......

Citibank

(

1,215,222

)

02/25/26

(16.00)%

OBFR01

Monthly

70,259

POSCO

Future

Co.

Ltd.

......

JPMorgan

Chase

Bank

(

1,321,784

)

02/10/26

(18.00)%

OBFR01

Monthly

(

157,970

)

Postal

Savings

Bank

China

Co.

Ltd.

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

Citibank

(

7,037,283

)

02/25/26

(0.30)%

OBFR01

Monthly

274,104

Power

Corp.

Canada

.......

JPMorgan

Chase

Bank

(

809,443

)

02/09/26

(0.25)%

OBFR01

Monthly

(

46,937

)

PRIO

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

Citibank

(

2,276,725

)

02/24/28

(0.30)%

OBFR01

Monthly

23,258

Packaging

Corp.

America

....

Citibank

(

5,994,673

)

02/24/28

(0.15)%

OBFR01

Monthly

336,979

Provident

Financial

Services,

Inc.

JPMorgan

Chase

Bank

(

927,135

)

02/09/26

(0.15)%

OBFR01

Monthly

25,245

NEC

Corp.

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

Citibank

(

6,913,993

)

02/26/26

(0.12)%

OBFR01

Monthly

(

434,403

)

Natura

Cosmeticos

........

Citibank

(

465,152

)

02/24/28

(0.40)%

OBFR01

Monthly

5,847

KeyCorp

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

Citibank

(

2,850,781

)

02/24/28

(0.15)%

OBFR01

Monthly

123,823

Kobayashi

Pharmaceutical

Co.

Ltd.

Citibank

(

1,442,418

)

02/26/26

(0.10)%

OBFR01

Monthly

(

10,001

)

Kobe

Bussan

Co.

Ltd.

.........

Citibank

(

1,367,194

)

02/26/26

(0.10)%

OBFR01

Monthly

94,312

Kuaishou

Technology

.........

Citibank

(

6,978,673

)

02/25/26

(0.19)%

OBFR01

Monthly

(

359,016

)

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

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

USD

(

2,788,972

)

02/24/28

(0.15)%

OBFR01

Monthly

(

448,095

)

Lamb

Weston

Holdings,

Inc.

....

JPMorgan

Chase

Bank

(

487,233

)

02/09/26

(0.15)%

OBFR01

Monthly

(

44,032

)

Energy

Solution

Ltd.

.......

Citibank

(

2,041,047

)

02/25/26

(13.50)%

OBFR01

Monthly

(

280,087

)

Auto,

Inc.

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

Citibank

(

7,272,844

)

02/25/26

(0.17)%

OBFR01

Monthly

1,080,464

Natura

Cosmeticos

........

JPMorgan

Chase

Bank

(

38,219

)

02/10/26

(5.05)%

OBFR01

Monthly

5,747

LKQ

Corp.

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

Citibank

(

6,887,728

)

02/24/28

(0.15)%

OBFR01

Monthly

1,612,745

Lynas

Rare

Earths

Ltd.

........

JPMorgan

Chase

Bank

(

3,927,609

)

02/10/26

(0.25)%

OBFR01

Monthly

(

982,870

)

Marfrig

Global

Foods

.......

Citibank

(

1,564,436

)

02/24/28

(2.50)%

OBFR01

Monthly

106,137

Marfrig

Global

Foods

.......

JPMorgan

Chase

Bank

(

1,806,843

)

02/10/26

(1.85)%

OBFR01

Monthly

202,118

MatsukiyoCocokara

Co.

......

Citibank

(

5,460,189

)

02/26/26

(0.25)%

OBFR01

Monthly

273,126

Mercari,

Inc.

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

Citibank

(

6,589,009

)

02/26/26

(0.10)%

OBFR01

Monthly

481,891

Mercari,

Inc.

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

JPMorgan

Chase

Bank

(

1,094

)

02/10/26

(0.25)%

OBFR01

Monthly

163

Mineral

Resources

Ltd.

........

JPMorgan

Chase

Bank

(

7,101,824

)

02/10/26

(0.25)%

OBFR01

Monthly

(

946,081

)

MMG

Ltd.

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

Citibank

(

3,997,311

)

02/25/26

(0.30)%

OBFR01

Monthly

267,024

Localiza

Rent

Car

........

JPMorgan

Chase

Bank

(

112

)

02/10/26

(0.50)%

OBFR01

Monthly

Kering

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

Citibank

(

10,249,362

)

02/26/26

(0.04)%

OBFR01

Monthly

(

333,895

)

Puma

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

Citibank

(

450,333

)

02/26/26

(0.26)%

OBFR01

Monthly

28,705

Rakuten

Group,

Inc.

..........

JPMorgan

Chase

Bank

(

)

02/10/26

(0.25)%

OBFR01

Monthly

Sumitomo

Metal

Mining

Co.

Ltd.

Citibank

(

4,935,185

)

02/26/26

(0.10)%

OBFR01

Monthly

410,752

Super

Micro

Computer,

Inc.

.....

Citibank

(

9,571,475

)

02/24/28

(0.15)%

OBFR01

Monthly

(

1,748,819

)

Svenska

Handelsbanken

....

Citibank

(

1,160,956

)

02/26/26

(0.26)%

OBFR01

Monthly

18,354

Swatch

Group

(The)

.......

Citibank

(

3,618,291

)

02/26/26

(0.26)%

OBFR01

Monthly

104,136

Swatch

Group

(The)

.......

JPMorgan

Chase

Bank

(

570,196

)

02/11/26

(0.26)%

OBFR01

Monthly

13,272

Target

Corp.

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

Citibank

(

5,178,803

)

02/24/28

(0.15)%

OBFR01

Monthly

293,598

Teledyne

Technologies,

Inc.

.....

Citibank

(

3,530,654

)

02/24/28

(0.15)%

OBFR01

Monthly

2,473

Teleperformance

..........

Citibank

(

2,820,819

)

02/26/26

(0.26)%

OBFR01

Monthly

58,504

SUMCO

Corp.

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

JPMorgan

Chase

Bank

(

52,935

)

02/10/26

(0.25)%

OBFR01

Monthly

(

1,029

)

Temenos

(Registered)

......

Citibank

(

4,469,967

)

02/26/26

(0.26)%

OBFR01

Monthly

(

920,415

)

Treasury

Wine

Estates

Ltd.

.....

JPMorgan

Chase

Bank

(

3,034,320

)

02/10/26

(0.25)%

OBFR01

Monthly

243,320

Truist

Financial

Corp.

.........

Citibank

(

1,892,201

)

02/24/28

(0.15)%

OBFR01

Monthly

71,679

Unimicron

Technology

Corp.

....

JPMorgan

Chase

Bank

(

255,291

)

02/10/26

(1.50)%

OBFR01

Monthly

(

12,527

)

VanEck

Semiconductor

ETF

....

Barclays

Bank

plc

(

6,550,904

)

08/23/26

(0.63)%

OBFR01

Monthly

(

91,036

)

Vanguard

Intermediate-Term

Corporate

Bond

ETF

.......

JPMorgan

Chase

Bank

(

15,676,817

)

02/09/26

(0.58)%

OBFR01

Monthly

(

137,717

)

Wise

plc

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

Citibank

(

1,509,435

)

02/26/26

(0.25)%

OBFR01

Monthly

32,291

Xinyi

Glass

Holdings

Ltd.

......

Citibank

(

1,694,289

)

02/25/26

(0.73)%

OBFR01

Monthly

106,173

Xinyi

Glass

Holdings

Ltd.

......

JPMorgan

Chase

Bank

(

286,049

)

02/10/26

(0.75)%

OBFR01

Monthly

9,664

Toyota

Industries

Corp.

........

Citibank

(

6,995,801

)

02/26/26

(0.13)%

OBFR01

Monthly

194,886

Quanta

Services,

Inc.

.........

Citibank

(

1,987,226

)

02/24/28

(0.15)%

OBFR01

Monthly

(

28,803

)

SUMCO

Corp.

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

Citibank

(

2,810,903

)

02/26/26

(0.10)%

OBFR01

Monthly

75,187

Square

Enix

Holdings

Co.

Ltd.

...

JPMorgan

Chase

Bank

(

3,488

)

02/10/26

(0.15)%

OBFR01

Monthly

Renault

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

Citibank

(

1,791,157

)

02/26/26

0.00%

OBFR01

Monthly

81,202

Sandoz

Group

...........

Citibank

(

14,654,540

)

02/26/26

(0.26)%

OBFR01

Monthly

277,815

Sapporo

Holdings

Ltd.

........

JPMorgan

Chase

Bank

(

2,084,283

)

02/10/26

(0.25)%

OBFR01

Monthly

103,832

Sartorius

Stedim

Biotech

.......

JPMorgan

Chase

Bank

(

2,943,475

)

02/11/26

(0.26)%

OBFR01

Monthly

445,792

Sasol

Ltd.

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

JPMorgan

Chase

Bank

(

2,560,419

)

02/11/26

(0.40)%

OBFR01

Monthly

(

15,169

)

SATS

Ltd.

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

JPMorgan

Chase

Bank

(

1,875,531

)

02/10/26

(0.30)%

OBFR01

Monthly

(

28,437

)

SBI

Holdings,

Inc.

...........

Citibank

(

620,078

)

02/26/26

(0.15)%

OBFR01

Monthly

10,853

SBI

Sumishin

Net

Bank

Ltd.

.....

Citibank

(

927,377

)

02/26/26

(1.01)%

OBFR01

Monthly

30,782

Starbucks

Corp.

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

Citibank

(

9,352,560

)

02/24/28

(0.15)%

OBFR01

Monthly

749,244

Seatrium

Ltd.

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

Citibank

(

3,277,128

)

02/25/26

(1.11)%

OBFR01

Monthly

221,444

ServisFirst

Bancshares,

Inc.

....

JPMorgan

Chase

Bank

(

971,817

)

02/09/26

(0.15)%

OBFR01

Monthly

38,792

SGH

Ltd.

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

JPMorgan

Chase

Bank

(

3,034,045

)

02/10/26

(0.25)%

OBFR01

Monthly

55,354

Sharp

Corp.

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

Citibank

(

250,257

)

02/26/26

(1.34)%

OBFR01

Monthly

(

21,579

)

Sharp

Corp.

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

JPMorgan

Chase

Bank

(

1,302,132

)

02/10/26

(0.64)%

OBFR01

Monthly

(

60,829

)

Smurfit

WestRock

plc

.........

Citibank

(

17,259,807

)

02/24/28

(0.15)%

OBFR01

Monthly

696,792

Societe

Generale

.........

Citibank

(

3,590,683

)

02/26/26

(0.26)%

OBFR01

Monthly

(

363,497

)

Solventum

Corp.

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

Citibank

(

4,302,936

)

02/24/28

(0.15)%

OBFR01

Monthly

92,054

Square

Enix

Holdings

Co.

Ltd.

...

Citibank

(

928,830

)

02/26/26

(0.25)%

OBFR01

Monthly

3,572

Seatrium

Ltd.

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

JPMorgan

Chase

Bank

(

1,548,004

)

02/10/26

(1.13)%

OBFR01

Monthly

(

120,091

)

Kawasaki

Heavy

Industries

Ltd.

Citibank

(

2,804,048

)

02/26/26

(0.11)%

OBFR01

Monthly

(

117,274

)

Kadokawa

Corp.

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

Citibank

(

3,341,277

)

02/26/26

(0.12)%

OBFR01

Monthly

152,329

JFE

Holdings,

Inc.

...........

Citibank

(

2,017,420

)

02/26/26

(0.10)%

OBFR01

Monthly

63,887

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

Equity

Swap

Contracts

(continued)

Reference

Entity

Counterparty

Notional

Amount

Termination

Date

Spread

Reference

Rate

Payment

Frequency

Value/Unrealized

Appreciation

(Depreciation)

Builders

FirstSource,

Inc.

......

Citibank

USD

(

2,702,294

)

02/24/28

(0.15)%

OBFR01

Monthly

76,424

Robinson

Worldwide,

Inc.

...

Citibank

(

8,125,509

)

02/24/28

(0.15)%

OBFR01

Monthly

(

1,337,535

)

Chailease

Holding

Co.

Ltd.

.....

Citibank

(

2,915,252

)

02/25/26

(0.40)%

OBFR01

Monthly

284,398

Chailease

Holding

Co.

Ltd.

.....

JPMorgan

Chase

Bank

(

3,164

)

02/10/26

(0.16)%

OBFR01

Monthly

350

China

Construction

Bank

Corp.

Citibank

(

6,624,386

)

02/25/26

(0.05)%

OBFR01

Monthly

195,043

China

International

Capital

Corp.

Ltd.

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

Citibank

(

5,713,418

)

02/25/26

(0.30)%

OBFR01

Monthly

277,417

China

Overseas

Land

Investment

Ltd.

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

Citibank

(

2,147,782

)

02/25/26

(0.30)%

OBFR01

Monthly

62,006

China

Railway

Group

Ltd.

......

Citibank

(

2,347,118

)

02/25/26

(0.21)%

OBFR01

Monthly

118,748

Brown-Forman

Corp.

.........

Citibank

(

4,437,443

)

02/24/28

(0.15)%

OBFR01

Monthly

198,166

China

Resources

Power

Holdings

Co.

Ltd.

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

Citibank

(

6,949,210

)

02/25/26

(0.30)%

OBFR01

Monthly

257,065

Cirsa

Enterprises

.........

JPMorgan

Chase

Bank

(

35,633

)

02/10/26

0.26%

ESTR

Monthly

1,483,578

Clariant

(Registered)

.......

Citibank

(

2,091,795

)

02/26/26

(0.26)%

OBFR01

Monthly

96,850

Clariant

(Registered)

.......

JPMorgan

Chase

Bank

(

341,469

)

02/11/26

(0.26)%

OBFR01

Monthly

20,413

Community

Financial

System,

Inc.

JPMorgan

Chase

Bank

(

829,586

)

02/09/26

(0.15)%

OBFR01

Monthly

94,316

Constellation

Energy

Corp.

.....

Citibank

(

2,524,920

)

02/24/28

(0.15)%

OBFR01

Monthly

(

234,843

)

Continental

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

Citibank

(

2,240,393

)

02/26/26

(0.26)%

OBFR01

Monthly

55,417

ConvaTec

Group

plc

..........

Citibank

(

3,493,742

)

02/26/26

(0.25)%

OBFR01

Monthly

185,822

Cosan

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

Citibank

(

341,882

)

02/24/28

(0.30)%

OBFR01

Monthly

(

10,365

)

China

Resources

Power

Holdings

Co.

Ltd.

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

JPMorgan

Chase

Bank

(

41,599

)

02/10/26

(0.30)%

OBFR01

Monthly

(

)

Cosan

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

JPMorgan

Chase

Bank

(

540,383

)

02/10/26

(0.40)%

OBFR01

Monthly

85,383

Brookfield

Asset

Management

Ltd.

Citibank

(

18,090,227

)

02/24/28

(0.20)%

OBFR01

Monthly

(

318,467

)

Block,

Inc.

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

Citibank

(

7,016,193

)

02/24/28

(0.15)%

OBFR01

Monthly

147,856

Albemarle

Corp.

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

Citibank

(

4,527,340

)

02/24/28

(0.15)%

OBFR01

Monthly

837,046

Alexandria

Real

Estate

Equities,

Inc.

Citibank

(

3,566,256

)

02/24/28

(0.15)%

OBFR01

Monthly

188,279

Alfa

SAB

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

Citibank

(

441,762

)

02/24/28

(0.85)%

OBFR01

Monthly

19,704

Alfa

SAB

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

JPMorgan

Chase

Bank

(

1,111,270

)

02/10/26

(0.50)%

OBFR01

Monthly

35,349

Alstom

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

Citibank

(

4,648,626

)

02/26/26

(0.26)%

OBFR01

Monthly

215,377

AppLovin

Corp.

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

Citibank

(

6,334,300

)

02/24/28

(0.15)%

OBFR01

Monthly

(

736,589

)

Atlantic

Union

Bankshares

Corp.

JPMorgan

Chase

Bank

(

480,974

)

02/09/26

(0.15)%

OBFR01

Monthly

23,384

Avolta

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

Citibank

(

1,678,085

)

02/26/26

(0.26)%

OBFR01

Monthly

62,124

Brandywine

Realty

Trust

.......

JPMorgan

Chase

Bank

(

21,471

)

02/09/26

(0.15)%

OBFR01

Monthly

875

Bachem

Holding

..........

JPMorgan

Chase

Bank

(

1,500,576

)

02/11/26

(0.26)%

OBFR01

Monthly

(

244,676

)

Barratt

Redrow

plc

...........

Citibank

(

5,020,324

)

02/26/26

(0.25)%

OBFR01

Monthly

167,417

Barry

Callebaut

(Registered)

JPMorgan

Chase

Bank

(

4,649,277

)

02/11/26

(0.51)%

OBFR01

Monthly

(

164,680

)

BASF

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

Citibank

(

13,193,210

)

02/26/26

(0.26)%

OBFR01

Monthly

517,170

BASF

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

JPMorgan

Chase

Bank

(

138,554

)

02/11/26

(0.26)%

OBFR01

Monthly

1,622

Semiconductor

Industries

Citibank

(

6,556,886

)

02/26/26

(0.26)%

OBFR01

Monthly

549,948

Beijer

Ref

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

Citibank

(

368,639

)

02/26/26

(0.26)%

OBFR01

Monthly

1,006

Beijer

Ref

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

JPMorgan

Chase

Bank

(

1,346,179

)

02/11/26

(0.26)%

OBFR01

Monthly

(

49,870

)

BeOne

Medicines

Ltd.

........

Citibank

(

1,112,859

)

02/25/26

(0.05)%

OBFR01

Monthly

7,966

Bank

Montreal

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

Citibank

(

8,677,387

)

02/24/28

(0.20)%

OBFR01

Monthly

322,421

CoStar

Group,

Inc.

...........

Citibank

(

8,338,186

)

02/24/28

(0.15)%

OBFR01

Monthly

(

982,057

)

CRRC

Corp.

Ltd.

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

Citibank

(

2,430,345

)

02/25/26

(0.30)%

OBFR01

Monthly

158,829

CVB

Financial

Corp.

..........

JPMorgan

Chase

Bank

(

731,859

)

02/09/26

(0.15)%

OBFR01

Monthly

78,326

Halliburton

Co.

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

Citibank

(

878,187

)

02/24/28

(0.15)%

OBFR01

Monthly

13,749

Hapvida

Participacoes

Investimentos

..........

Citibank

(

30,572

)

02/24/28

(0.30)%

OBFR01

Monthly

(

453

)

Harmonic

Drive

Systems,

Inc.

...

Citibank

(

2,554,246

)

02/26/26

(0.12)%

OBFR01

Monthly

(

50,747

)

Humana,

Inc.

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

Citibank

(

3,403,426

)

02/24/28

(0.15)%

OBFR01

Monthly

(

207,196

)

Ibiden

Co.

Ltd.

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

Citibank

(

2,792,093

)

02/26/26

(0.10)%

OBFR01

Monthly

877

IHI

Corp.

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

Citibank

(

5,570,761

)

02/26/26

(0.10)%

OBFR01

Monthly

(

108,435

)

Iluka

Resources

Ltd.

..........

JPMorgan

Chase

Bank

(

543,036

)

02/10/26

(0.25)%

OBFR01

Monthly

12,450

Impala

Platinum

Holdings

Ltd.

...

JPMorgan

Chase

Bank

(

3,086,745

)

02/11/26

(0.40)%

OBFR01

Monthly

34,446

Grifols

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

Citibank

(

5,066,938

)

02/26/26

(0.26)%

OBFR01

Monthly

(

409,160

)

Innolux

Corp.

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

Citibank

(

3,217,613

)

02/25/26

(0.35)%

OBFR01

Monthly

(

86,121

)

International

Paper

Co.

........

Citibank

(

21,425,338

)

02/24/28

(0.15)%

OBFR01

Monthly

2,405,009

International

Paper

Co.

........

JPMorgan

Chase

Bank

(

4,632,073

)

02/11/26

(0.50)%

OBFR01

Monthly

33,054

iShares

iBoxx

High

Yield

Corporate

Bond

ETF

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

Citibank

(

15,267,952

)

02/24/28

(0.58)%

OBFR01

Monthly

22,760

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

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

USD

(

21,967,542

)

02/09/26

(1.58)%

OBFR01

Monthly

(

205,247

)

Japan

Steel

Works

Ltd.

(The)

....

Citibank

(

4,730,781

)

02/26/26

(0.15)%

OBFR01

Monthly

(

98,574

)

Health

International,

Inc.

.....

Citibank

(

5,569,872

)

02/25/26

(0.30)%

OBFR01

Monthly

(

273,046

)

Sports

Fashion

plc

.........

Citibank

(

3,569,964

)

02/26/26

(0.25)%

OBFR01

Monthly

111,017

Sports

Fashion

plc

.........

JPMorgan

Chase

Bank

(

411,529

)

02/11/26

(0.25)%

OBFR01

Monthly

25,812

Intel

Corp.

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

Citibank

(

2,712,108

)

02/24/28

(0.15)%

OBFR01

Monthly

401,448

Georg

Fischer

(Registered)

JPMorgan

Chase

Bank

(

964,852

)

02/11/26

(0.26)%

OBFR01

Monthly

9,601

Georg

Fischer

(Registered)

Citibank

(

1,844,523

)

02/26/26

(0.26)%

OBFR01

Monthly

(

15,756

)

Fujitsu

Ltd.

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

Citibank

(

8,419,980

)

02/26/26

(0.14)%

OBFR01

Monthly

(

99,710

)

Davide

Campari-Milano

.....

Citibank

(

4,371,912

)

02/26/26

(0.29)%

OBFR01

Monthly

316,045

Dentsu

Group,

Inc.

...........

Citibank

(

3,129,948

)

02/26/26

(0.10)%

OBFR01

Monthly

(

92,398

)

DiaSorin

SpA

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

Citibank

(

2,587,720

)

02/26/26

(0.26)%

OBFR01

Monthly

176,051

Disco

Corp.

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

Citibank

(

4,507,851

)

02/26/26

(0.10)%

OBFR01

Monthly

(

43,260

)

DMG

Mori

Co.

Ltd.

...........

Citibank

(

4,897,294

)

02/26/26

(0.19)%

OBFR01

Monthly

(

152,813

)

Dollar

Tree,

Inc.

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

Citibank

(

8,813,877

)

02/24/28

(0.15)%

OBFR01

Monthly

93,691

Ecolab,

Inc.

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

Citibank

(

4,648,861

)

02/24/28

(0.15)%

OBFR01

Monthly

151,039

Elevance

Health,

Inc.

.........

Citibank

(

14,088,103

)

02/24/28

(0.15)%

OBFR01

Monthly

152,358

Enphase

Energy,

Inc.

.........

Citibank

(

2,040,340

)

02/24/28

(0.15)%

OBFR01

Monthly

486,801

Enphase

Energy,

Inc.

.........

JPMorgan

Chase

Bank

(

45,157

)

02/09/26

(0.15)%

OBFR01

Monthly

9,464

Entain

plc

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

Citibank

(

1,334,497

)

02/26/26

(0.25)%

OBFR01

Monthly

(

11,008

)

Etoro

Group

Ltd.

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

Barclays

Bank

plc

(

3,724,760

)

08/23/26

(1.13)%

OBFR01

Monthly

27,746

Expand

Energy

Corp.

.........

Citibank

(

17,172,565

)

02/24/28

(0.15)%

OBFR01

Monthly

(

891,297

)

FedEx

Corp.

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

Citibank

(

8,389,875

)

02/24/28

(0.15)%

OBFR01

Monthly

303,336

First

Solar,

Inc.

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

Citibank

(

7,301,118

)

02/24/28

(0.15)%

OBFR01

Monthly

212,846

Food

Life

Cos.

Ltd.

.........

Citibank

(

7,981,594

)

02/26/26

(0.15)%

OBFR01

Monthly

(

122,365

)

Formosa

Chemicals

Fibre

Corp.

Citibank

(

1,435,499

)

02/25/26

(0.64)%

OBFR01

Monthly

(

151,985

)

Formosa

Chemicals

Fibre

Corp.

JPMorgan

Chase

Bank

(

31,953

)

02/10/26

(0.47)%

OBFR01

Monthly

(

6,462

)

Formosa

Plastics

Corp.

........

Citibank

(

2,543,452

)

02/25/26

(2.30)%

OBFR01

Monthly

(

192,005

)

Yakult

Honsha

Co.

Ltd.

........

Citibank

(

651,675

)

02/26/26

(0.10)%

OBFR01

Monthly

56,436

Zealand

Pharma

A/S

.........

Citibank

(

2,804,572

)

02/26/26

(0.27)%

OBFR01

Monthly

186,482

Total

short

positions

equity

swaps

7,424,519

Total

long

and

short

position

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

reference

entity

and

pays

variable

rate

interest,

based

specified

benchmark.

The

benchmark

and

spread

are

determined

based

upon

the

country

and/or

currency

the

individual

underlying

position.

(b)

The

Fund

pays

the

total

return

reference

entity

and

receives

variable

rate

interest,

based

specified

benchmark.

The

benchmark

and

spread

are

determined

based

upon

the

country

and/or

currency

the

individual

underlying

position.

The

following

reference

rates,

and

their

values

period

end,

are

used

for

security

descriptions:

Reference

Index

Reference

Rate

1-day

BZDIOVER

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

Overnight

Brazil

CETIP

—

Interbank

Rate

.06

1-day

EFFR

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

Effective

Federal

Funds

Rate

.33

1-day

ESTR

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

Euro

Short-Term

Rate

.92

1-day

IBR

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

Colombian

Reference

Banking

Indicator

.73

1-day

MIBOR

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

Mumbai

Interbank

Offered

Rate

.54

1-day

MXIBTIIE

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

Mexico

Interbank

TIIE

1-day

.05

1-day

SOFR

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

Secured

Overnight

Financing

Rate

.34

1-day

SONIA

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

Sterling

Overnight

Index

Average

.22

1-day

THOR

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

Thailand

Overnight

Repo

Rate

.74

1-day

TONAR

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

Tokyo

Overnight

Average

Rate

.48

1-week

CNREPOFIX_CFXS

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

China

Fixing

Repo

Rates

.60

3-mo.

CD_KSDA

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

Certificates

Deposit

the

Korean

Securities

Dealers

Association

.51

3-mo.

JIBAR

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

Johannesburg

Interbank

Average

Rate

.13

3-mo.

WIBOR

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

Warsaw

Interbank

Offered

Rate

.83

6-mo.

BUBOR

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

Budapest

Interbank

Offered

Rate

.49

Consolidated

Schedule

Investments

(unaudited)

(continued)

July

31,

2025

BlackRock

Global

Allocation

Fund,

Inc.

Fair

Value

Hierarchy

Period

End

Various

inputs

are

used

determining

the

fair

value

financial

instruments

the

measurement

date.

These

inputs

valuation

techniques

are

categorized

into

fair

value

hierarchy

consisting

three

broad

levels

for

financial

reporting

purposes

follows:

Level

—

Unadjusted

price

quotations

active

markets/exchanges

that

the

Fund

has

the

ability

access

for

identical

assets

liabilities;

Level

—

Inputs

other

than

quoted

prices

included

within

Level

that

are

observable

for

the

asset

liability,

either

directly

indirectly;

and

Level

—

Inputs

that

are

unobservable

and

significant

to the

entire

fair

value

measurement

for

the asset

liability (including

the

Valuation

Committee's

assumptions

used

determining

the

fair

value

financial

instruments).

The

hierarchy

gives

the

highest

priority

unadjusted

quoted

prices

active

markets

for

identical

assets

liabilities

(Level

measurements)

and

the

lowest

priority

unobservable

inputs

(Level

measurements).

Accordingly,

the

degree

judgment

exercised

determining

fair

value

greatest

for

instruments

categorized

Level

The

inputs

used

measure

fair

value

may

fall

into

different

levels

the

fair

value

hierarchy.

such

cases,

for

disclosure

purposes,

the

fair

value

hierarchy

classification

determined

based

the

lowest

level

input

that

significant

the

fair

value

measurement

its

entirety.

Investments

classified

within

Level

have

significant

unobservable

inputs

used

the

Valuation

Committee

determining

the

price

for

Fair

Valued

Investments.

Level

investments

include

equity

debt

issued

privately

held

companies

funds

that

may

not

have

secondary

market

and/

or may

have

limited

number

investors.

The

categorization

value

determined

for

financial

instruments

based

the

pricing

transparency

the

financial

instruments

and

not

necessarily

indication

the

risks

associated

with

investing

those

securities.

For

information

about

the

Fund’s

policy

regarding

valuation

financial

instruments,

refer

its

most

recent

financial

statements.

Certain

investments

the

Fund

were

fair

valued

using

net

asset

value

("NAV")

practical

expedient

quoted

market

value

available

and

therefore

have

been

excluded

from

the

fair

value

hierarchy.

The

following

table

summarizes

the

Fund’s

financial

instruments

categorized

the

fair

value

hierarchy.

The

breakdown

the

Fund's

financial

instruments

into

major