Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Security
Shares
Value
a
Investment
Companies
(a)
Exchange-Traded
Funds
—
100
.2
%
iShares
MSCI
ACWI
ex
U.S.
ETF
..............
4,511,046
$
332,148,244
a
Total
Long-Term
Investments — 100.2%
(Cost:
$
231,480,356
)
................................
332,148,244
Total
Investments
—
100.2%
(Cost:
$
231,480,356
)
................................
332,148,244
Liabilities
in
Excess
of
Other
Assets
—
(
0
.2
)
%
...............
(
791,870
)
Net
Assets
—
100.0%
.................................
$
331,356,374
(a)
Affiliate
of
the
Fund.
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
April
30,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
07/31/25
Purchases
at
Cost
Proceeds
from
Sale
s
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
04/30/26
Shares
Held
at
04/30/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
(a)
$
—
$
18,608
(b)
$
—
$
(
18,608
)
$
—
$
—
—
$
88,198
(c)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
(a)
......
530,000
—
(
530,000
)
(b)
—
—
—
—
16,839
—
iShares
MSCI
ACWI
ex
U.S.
ETF
...
258,185,296
49,177,719
(
34,165,044
)
4,771,108
54,179,165
332,148,244
4,511,046
4,669,265
—
$
—
$
4,752,500
$
54,179,165
$
332,148,244
$
4,774,302
$
—
(a)
As
of
period
end,
the
entity
is
no
longer
held.
(b)
Represents
net
amount
purchased
(sold).
(c)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.
Forward
Foreign
Currency
Exchange
Contracts
Currency
Purchased
Currency
Sold
Counterparty
Settlement
Date
Unrealized
Appreciation
(Depreciation)
AUD
17,000
USD
11,777
Bank
of
America
N.A.
05/04/26
$
462
AUD
17,893,000
USD
12,818,903
BNP
Paribas
SA
05/04/26
63,166
AUD
832,000
USD
569,625
HSBC
Bank
PLC
05/04/26
29,374
CAD
1,861,000
USD
1,335,456
JPMorgan
Chase
Bank
N.A.
05/04/26
34,588
CAD
35,000
USD
25,237
Morgan
Stanley
&
Co.
International
PLC
05/04/26
529
CAD
35,586,000
USD
26,067,713
State
Street
Bank
&
Trust
Company
05/04/26
130,246
CHF
13,688,000
USD
17,428,395
Barclays
Bank
PLC
05/04/26
90,003
CHF
1,113,000
USD
1,390,024
HSBC
Bank
PLC
05/04/26
34,434
CHF
13,000
USD
16,431
JPMorgan
Chase
Bank
N.A.
05/04/26
207
DKK
19,000
USD
2,952
Deutsche
Bank
Securities
Inc.
05/04/26
32
DKK
19,539,000
USD
3,059,829
HSBC
Bank
PLC
05/04/26
8,890
DKK
585,000
USD
90,344
JPMorgan
Chase
Bank
N.A.
05/04/26
1,533
EUR
56,594,000
USD
66,211,218
BNP
Paribas
SA
05/04/26
210,311
EUR
54,000
USD
62,669
Deutsche
Bank
Securities
Inc.
05/04/26
708
EUR
5,056,000
USD
5,834,461
JPMorgan
Chase
Bank
N.A.
05/04/26
99,512