Schedule of Investments (unaudited) April 30, 2020 | BlackRock Short Obligations Fund (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Asset-Backed Securities — 0.6% | ||||||||
Carmax Auto Owner Trust, Series2019-3, Class A2B, (LIBOR USD 1 Month + 0.25%), 1.06%, 12/15/22(a) | USD 3,671 | $ | 3,659,990 | |||||
CarMax Auto Owner Trust: | ||||||||
Series2019-1, Class A2A, | 1,165 | 1,169,821 | ||||||
Series2020-1, Class A2, | 7,870 | 7,915,264 | ||||||
USAA Auto Owner Trust, Series2019-1, Class A2, 2.26%, 02/15/22 | 8,197 | 8,235,729 | ||||||
|
| |||||||
Total Asset-Backed Securities — 0.6% |
| 20,980,804 | ||||||
|
| |||||||
Corporate Bonds — 43.9% |
| |||||||
Aerospace & Defense — 0.7% | ||||||||
Lockheed Martin Corp., 2.50%, 11/23/20 | 16,000 | 16,094,560 | ||||||
Raytheon Co., 3.13%, 10/15/20 | 11,630 | 11,749,045 | ||||||
|
| |||||||
27,843,605 | ||||||||
Auto Components — 0.1% | ||||||||
Toyota Industries Corp., 3.11%, 03/12/22(b) | 2,559 | 2,605,880 | ||||||
|
| |||||||
Automobiles — 1.6%(b) | ||||||||
BMW US Capital LLC: | ||||||||
3.25%, 08/14/20 | 880 | 880,535 | ||||||
(LIBOR USD 3 Month + 0.50%), | 10,000 | 9,746,894 | ||||||
2.95%, 04/14/22 | 4,000 | 4,053,579 | ||||||
Daimler Finance North America LLC: | ||||||||
3.10%, 05/04/20 | 5,576 | 5,576,000 | ||||||
2.30%, 02/12/21 | 2,000 | 1,980,739 | ||||||
3.00%, 02/22/21 | 5,000 | 4,997,505 | ||||||
Hyundai Capital America: | ||||||||
3.00%, 10/30/20 | 2,255 | 2,255,415 | ||||||
(LIBOR USD 3 Month + 0.82%), | 1,000 | 975,843 | ||||||
2.38%, 02/10/23 | 12,340 | 11,873,884 | ||||||
Nissan Motor Acceptance Corp., (LIBOR USD 3 Month + 0.39%), 1.76%, 09/28/20(a) | 750 | 733,558 | ||||||
Volkswagen Group of America Finance LLC: | ||||||||
2.40%, 05/22/20 | 3,379 | 3,380,988 | ||||||
3.88%, 11/13/20 | 7,000 | 7,011,372 | ||||||
(LIBOR USD 3 Month + 0.86%), | 5,215 | 5,066,168 | ||||||
2.50%, 09/24/21 | 665 | 663,031 | ||||||
|
| |||||||
59,195,511 | ||||||||
Banks — 22.8% | ||||||||
ABN AMRO Bank NV(b): | ||||||||
2.45%, 06/04/20 | 13,974 | 13,986,297 | ||||||
(LIBOR USD 3 Month + 0.41%), | 8,400 | 8,383,019 | ||||||
2.65%, 01/19/21 | 17,670 | 17,830,444 | ||||||
(LIBOR USD 3 Month + 0.57%), | 1,000 | 994,588 | ||||||
ANZ New Zealand Int’l Ltd., | 10,508 | 10,638,107 | ||||||
Australia & New Zealand Banking Group Ltd.: | ||||||||
(LIBOR USD 3 Month + 0.32%), | 1,500 | 1,497,506 | ||||||
2.25%, 11/09/20 | 2,425 | 2,442,413 | ||||||
2.70%, 11/16/20 | 7,130 | 7,198,830 | ||||||
4.88%, 01/12/21(b) | 3,000 | 3,082,173 | ||||||
(LIBOR USD 3 Month + 0.87%), | 8,000 | 8,001,573 | ||||||
2.63%, 05/19/22 | 1,000 | 1,025,547 |
Security | Par (000) | Value | ||||||
Banks (continued) | ||||||||
Bank of America Corp.: | ||||||||
5.63%, 07/01/20 | USD 2,000 | $ | 2,015,049 | |||||
2.63%, 10/19/20 | 4,000 | 4,027,227 | ||||||
5.88%, 01/05/21 | 4,050 | 4,177,475 | ||||||
(LIBOR USD 3 Month + 0.63%), | 18,900 | 18,926,617 | ||||||
Bank of America NA(a): | ||||||||
(LIBOR USD 3 Month + 0.35%), | 12,000 | 11,928,009 | ||||||
(SOFR + 0.55%), 0.56%, 06/21/21 | 8,000 | 7,859,787 | ||||||
(LIBOR USD 3 Month + 0.32%), | 5,000 | 4,959,465 | ||||||
Bank of Montreal, (LIBOR USD 3 Month + 0.34%), 1.65%, 07/13/20(a) | 4,000 | 3,997,106 | ||||||
Bank of Nova Scotia (The): | ||||||||
2.15%, 07/14/20 | 2,000 | 2,006,168 | ||||||
2.35%, 10/21/20 | 6,800 | 6,855,874 | ||||||
2.50%, 01/08/21 | 1,256 | 1,270,740 | ||||||
Banque Federative du Credit Mutuel SA(b): | ||||||||
2.20%, 07/20/20 | 15,511 | 15,557,208 | ||||||
2.75%, 10/15/20 | 5,270 | 5,311,162 | ||||||
1.96%, 07/21/21 | 8,000 | 8,087,681 | ||||||
Barclays Bank plc, (LIBOR USD 3 Month + 0.30%), 2.65%, 12/14/20(a) | 7,000 | 7,005,295 | ||||||
BNP Paribas SA: | ||||||||
2.38%, 05/21/20 | 2,650 | 2,651,706 | ||||||
5.00%, 01/15/21 | 36,500 | 37,521,681 | ||||||
BNZ International Funding Ltd.(b): | ||||||||
2.75%, 03/02/21 | 2,085 | 2,111,946 | ||||||
2.10%, 09/14/21 | 1,500 | 1,517,057 | ||||||
2.90%, 02/21/22 | 5,300 | 5,414,715 | ||||||
Canadian Imperial Bank of Commerce: | ||||||||
(LIBOR USD 3 Month + 0.31%), | 1,000 | 999,351 | ||||||
2.70%, 02/02/21 | 2,400 | 2,430,076 | ||||||
Capital One NA: | ||||||||
2.95%, 07/23/21 | 5,673 | 5,724,965 | ||||||
2.15%, 09/06/22 | 8,185 | 8,156,850 | ||||||
Citibank NA: | ||||||||
2.10%, 06/12/20 | 2,000 | 2,000,430 | ||||||
2.13%, 10/20/20 | 3,700 | 3,715,512 | ||||||
(LIBOR USD 3 Month + 0.35%), | 3,550 | 3,538,871 | ||||||
2.85%, 02/12/21 | 8,700 | 8,816,703 | ||||||
(LIBOR USD 3 Month + 0.57%), | 1,000 | 994,175 | ||||||
(LIBOR USD 3 Month + 0.53%), | 10,000 | 10,125,378 | ||||||
3.16%, 02/19/22(c) | 2,000 | 2,025,076 | ||||||
(LIBOR USD 3 Month + 0.60%), | 4,380 | 4,441,113 | ||||||
Citigroup, Inc.(a): | ||||||||
(SOFR + 0.87%), 0.88%, 11/04/22 | 5,000 | 4,845,582 | ||||||
(SOFR + 0.87%), 2.31%, 11/04/22 | 4,000 | 4,035,635 | ||||||
Citizens Bank NA, 2.20%, 05/26/20 | 7,915 | 7,918,391 | ||||||
Commonwealth Bank of Australia: | ||||||||
2.05%, 09/18/20(b) | 15,000 | 15,059,395 | ||||||
2.40%, 11/02/20 | 1,900 | 1,912,201 | ||||||
2.20%, 11/09/20(b) | 6,000 | 6,031,138 | ||||||
2.55%, 03/15/21 | 6,990 | 7,094,028 | ||||||
Cooperatieve Rabobank UA: | ||||||||
4.50%, 01/11/21 | 19,000 | 19,465,084 | ||||||
2.50%, 01/19/21 | 5,500 | 5,562,212 | ||||||
3.13%, 04/26/21 | 4,800 | 4,905,012 | ||||||
2.75%, 01/10/22 | 3,790 | 3,883,979 |
1 |
Schedule of Investments (unaudited) (continued) April 30, 2020 | BlackRock Short Obligations Fund (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Banks (continued) | ||||||||
DNB Bank ASA(b): | ||||||||
2.38%, 06/02/21 | USD 2,439 | $ | 2,468,349 | |||||
2.15%, 12/02/22 | 9,000 | 9,192,900 | ||||||
(LIBOR USD 3 Month + 0.62%), | 7,000 | 6,880,794 | ||||||
Fifth Third Bank: | ||||||||
2.20%, 10/30/20 | 1,000 | 1,004,683 | ||||||
1.80%, 01/30/23 | 6,840 | 6,898,213 | ||||||
HSBC Bank USA NA, 4.88%, 08/24/20 | 1,330 | 1,343,938 | ||||||
HSBC Holdings plc: | ||||||||
(LIBOR USD 3 Month + 2.24%), | 2,500 | 2,518,141 | ||||||
5.10%, 04/05/21 | 3,000 | 3,104,823 | ||||||
(LIBOR USD 3 Month + 0.60%), | 2,715 | 2,714,825 | ||||||
2.95%, 05/25/21 | 11,000 | 11,162,944 | ||||||
(LIBOR USD 3 Month + 0.65%), | 1,500 | 1,488,717 | ||||||
2.65%, 01/05/22 | 4,000 | 4,051,691 | ||||||
JPMorgan Chase & Co., | 4,000 | 4,002,693 | ||||||
Lloyds Bank plc: | ||||||||
2.70%, 08/17/20 | 5,312 | 5,336,843 | ||||||
6.38%, 01/21/21 | 3,500 | 3,619,643 | ||||||
3.30%, 05/07/21 | 1,000 | 1,020,854 | ||||||
Manufacturers & Traders Trust Co., | 9,390 | 9,409,284 | ||||||
Mitsubishi UFJ Trust & Banking Corp., | 25,225 | 25,384,490 | ||||||
Mizuho Bank Ltd., 2.70%, 10/20/20(b) | 12,100 | 12,196,725 | ||||||
MUFG Bank Ltd.(b): | ||||||||
2.75%, 09/14/20 | 12,012 | 12,090,900 | ||||||
2.85%, 09/08/21 | 2,000 | 2,030,549 | ||||||
National Australia Bank Ltd.: | ||||||||
2.63%, 07/23/20 | 2,000 | 2,007,828 | ||||||
2.50%, 01/12/21 | 1,000 | 1,007,960 | ||||||
2.63%, 01/14/21 | 10,837 | 10,970,144 | ||||||
1.88%, 07/12/21 | 3,000 | 3,028,820 | ||||||
1.88%, 12/13/22 | 10,830 | 10,986,229 | ||||||
National Bank of Canada, | 12,652 | 12,663,766 | ||||||
Nordea Bank Abp(b): | ||||||||
(LIBOR USD 3 Month + 0.47%), | 3,000 | 3,002,834 | ||||||
2.13%, 05/29/20 | 11,215 | 11,227,561 | ||||||
2.50%, 09/17/20 | 4,000 | 4,018,779 | ||||||
4.88%, 01/14/21 | 9,400 | 9,650,290 | ||||||
Royal Bank of Canada, | 3,000 | 3,019,147 | ||||||
Santander UK plc: | ||||||||
(LIBOR USD 3 Month + 0.30%), | 500 | 498,659 | ||||||
2.13%, 11/03/20 | 22,578 | 22,647,512 | ||||||
3.40%, 06/01/21 | 9,000 | 9,167,400 | ||||||
2.10%, 01/13/23 | 3,560 | 3,584,472 | ||||||
Skandinaviska Enskilda Banken AB: | ||||||||
2.45%, 05/27/20(b) | 5,700 | 5,703,306 | ||||||
(LIBOR USD 3 Month + 0.72%), | 3,000 | 2,996,895 | ||||||
2.63%, 03/15/21 | 8,655 | 8,782,929 | ||||||
(LIBOR USD 3 Month + 0.43%), | 2,000 | 1,992,095 | ||||||
3.25%, 05/17/21(b) | 1,500 | 1,530,141 | ||||||
3.05%, 03/25/22(b) | 9,275 | 9,524,536 | ||||||
(LIBOR USD 3 Month + 0.65%), | 4,000 | 3,948,088 | ||||||
2.20%, 12/12/22(b) | 4,740 | 4,830,077 |
Security | Par (000) | Value | ||||||
Banks (continued) | ||||||||
Societe Generale SA(b): | ||||||||
2.63%, 09/16/20 | USD 11,205 | $ | 11,253,870 | |||||
2.50%, 04/08/21 | 9,725 | 9,797,451 | ||||||
5.20%, 04/15/21 | 1,429 | 1,482,525 | ||||||
Sumitomo Mitsui Banking Corp.: | ||||||||
2.65%, 07/23/20 | 9,000 | 9,033,577 | ||||||
2.45%, 10/20/20 | 2,400 | 2,412,598 | ||||||
3.20%, 07/18/22 | 2,500 | 2,581,069 | ||||||
Svenska Handelsbanken AB: | ||||||||
(LIBOR USD 3 Month + 0.36%), | 395 | 394,830 | ||||||
2.40%, 10/01/20 | 2,500 | 2,519,065 | ||||||
2.45%, 03/30/21 | 2,283 | 2,313,438 | ||||||
3.35%, 05/24/21 | 1,190 | 1,220,765 | ||||||
Toronto-Dominion Bank (The): | ||||||||
3.00%, 06/11/20 | 7,450 | 7,468,633 | ||||||
(LIBOR USD 3 Month + 0.43%), | 1,500 | 1,492,617 | ||||||
3.25%, 06/11/21 | 10,000 | 10,252,788 | ||||||
Truist Bank: | ||||||||
2.25%, 06/01/20 | 8,500 | 8,500,000 | ||||||
(LIBOR USD 3 Month + 0.50%), | 6,000 | 6,063,736 | ||||||
1.25%, 03/09/23 | 20,000 | 19,958,628 | ||||||
Truist Financial Corp.: | ||||||||
2.15%, 02/01/21 | 9,387 | 9,458,559 | ||||||
3.95%, 03/22/22 | 1,243 | 1,295,043 | ||||||
US Bank NA, (LIBOR USD 3 Month + 0.29%), 3.10%, 05/21/21(a) | 7,929 | 7,932,508 | ||||||
Wells Fargo & Co.: | ||||||||
2.50%, 03/04/21 | 3,157 | 3,191,148 | ||||||
(LIBOR USD 3 Month + 1.34%), | 2,000 | 2,005,502 | ||||||
4.60%, 04/01/21 | 7,000 | 7,223,584 | ||||||
Wells Fargo Bank NA: | ||||||||
(LIBOR USD 3 Month + 0.38%), | 5,000 | 4,972,512 | ||||||
(LIBOR USD 3 Month + 0.50%), | 10,000 | 9,950,288 | ||||||
(LIBOR USD 3 Month + 0.49%), | 3,520 | 3,530,861 | ||||||
(LIBOR USD 3 Month + 0.51%), | 1,500 | 1,490,955 | ||||||
3.63%, 10/22/21 | 5,000 | 5,166,877 | ||||||
(LIBOR USD 3 Month + 0.61%), | 3,000 | 3,042,717 | ||||||
(LIBOR USD 3 Month + 0.66%), | 20,000 | 19,813,752 | ||||||
Westpac Banking Corp.: | ||||||||
2.60%, 11/23/20 | 17,613 | 17,787,410 | ||||||
2.00%, 08/19/21 | 5,000 | 5,051,548 | ||||||
2.00%, 01/13/23 | 5,345 | 5,461,580 | ||||||
|
| |||||||
840,795,523 | ||||||||
Beverages — 0.1% | ||||||||
PepsiCo, Inc., 0.75%, 05/01/23 | 2,475 | 2,470,433 | ||||||
|
| |||||||
Biotechnology — 1.5% | ||||||||
AbbVie, Inc.(b): | ||||||||
(LIBOR USD 3 Month + 0.35%), | 12,000 | 11,935,431 | ||||||
2.15%, 11/19/21 | 15,000 | 15,192,674 | ||||||
Gilead Sciences, Inc., 2.55%, 09/01/20 | 26,869 | 27,031,273 | ||||||
|
| |||||||
54,159,378 |
2 |
Schedule of Investments (unaudited) (continued) April 30, 2020 | BlackRock Short Obligations Fund (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Capital Markets — 6.0% | ||||||||
Bank of New York Mellon (The), (LIBOR USD 3 Month + 0.28%), | USD 25,000 | $ | 24,862,990 | |||||
Credit Suisse AG: | ||||||||
4.38%, 08/05/20 | 7,000 | 7,056,029 | ||||||
2.10%, 11/12/21 | 9,250 | 9,347,857 | ||||||
(SOFR + 0.45%), 0.46%, 02/04/22(a) | 16,000 | 15,558,828 | ||||||
Goldman Sachs Bank USA, (SOFR + 0.60%), 0.61%, 05/24/21(a) | 5,895 | 5,851,229 | ||||||
Goldman Sachs Group, Inc. (The): | ||||||||
2.60%, 12/27/20 | 22,880 | 22,926,054 | ||||||
2.88%, 02/25/21 | 13,000 | 13,130,342 | ||||||
ING Bank NV(b): | ||||||||
2.70%, 08/17/20 | 3,025 | 3,039,312 | ||||||
2.75%, 03/22/21 | 1,330 | 1,350,965 | ||||||
2.05%, 08/15/21 | 4,684 | 4,697,273 | ||||||
Macquarie Bank Ltd.(b): | ||||||||
2.85%, 01/15/21 | 9,743 | 9,828,032 | ||||||
(LIBOR USD 3 Month + 0.45%), | 26,000 | 25,692,008 | ||||||
2.10%, 10/17/22 | 12,850 | 12,972,606 | ||||||
Morgan Stanley: | ||||||||
2.50%, 04/21/21 | 7,000 | 7,085,626 | ||||||
(LIBOR USD 3 Month + 1.40%), | 2,000 | 2,006,915 | ||||||
(SOFR + 0.83%), 0.84%, 06/10/22(a) | 10,000 | 9,790,422 | ||||||
(SOFR + 0.70%), 0.71%, 01/20/23(a) | 15,000 | 14,463,218 | ||||||
UBS AG: | ||||||||
2.20%, 06/08/20(b) | 8,795 | 8,803,517 | ||||||
4.88%, 08/04/20 | 2,400 | 2,423,205 | ||||||
(LIBOR USD 3 Month + 0.48%), 2.06%, 12/01/20(a)(b) | 5,000 | 4,996,995 | ||||||
2.45%, 12/01/20(b) | 16,060 | 16,152,347 | ||||||
|
| |||||||
222,035,770 | ||||||||
Chemicals — 0.1% | ||||||||
Air Liquide Finance SA, 1.75%, 09/27/21(b) | 3,197 | 3,216,923 | ||||||
|
| |||||||
Consumer Finance — 2.7% | ||||||||
American Express Co., 3.00%, 02/22/21 | 4,267 | 4,314,031 | ||||||
American Honda Finance Corp.: | ||||||||
3.15%, 01/08/21 | 1,405 | 1,417,638 | ||||||
2.65%, 02/12/21 | 3,000 | 3,021,642 | ||||||
(LIBOR USD 3 Month + 0.35%), | 6,645 | 6,582,995 | ||||||
2.20%, 06/27/22 | 10,500 | 10,541,000 | ||||||
Capital One Financial Corp., | 1,134 | 1,134,264 | ||||||
Caterpillar Financial Services Corp.: | ||||||||
(LIBOR USD 3 Month + 0.25%), | 5,000 | 4,999,818 | ||||||
(LIBOR USD 3 Month + 0.30%), | 13,000 | 12,938,866 | ||||||
(LIBOR USD 3 Month + 0.20%), | 10,000 | 9,854,077 | ||||||
1.95%, 11/18/22 | 6,645 | 6,780,677 | ||||||
Harley-Davidson Financial Services, | ||||||||
(LIBOR USD 3 Month + 0.50%), | 2,000 | 1,999,916 | ||||||
2.85%, 01/15/21 | 2,100 | 2,093,272 | ||||||
John Deere Capital Corp.: | ||||||||
(LIBOR USD 3 Month + 0.29%), | 2,000 | 1,998,948 | ||||||
(LIBOR USD 3 Month + 0.42%), | 2,000 | 1,999,161 | ||||||
2.45%, 09/11/20 | 785 | 789,262 |
Security | Par (000) | Value | ||||||
Consumer Finance (continued) | ||||||||
Toyota Motor Credit Corp.: | ||||||||
(LIBOR USD 3 Month + 0.24%), | USD 2,000 | $ | 1,996,988 | |||||
3.05%, 01/08/21 | 1,220 | 1,233,744 | ||||||
(LIBOR USD 3 Month + 0.13%), | 18,675 | 18,428,924 | ||||||
(LIBOR USD 3 Month + 0.29%), | 7,000 | 6,916,222 | ||||||
|
| |||||||
99,041,445 | ||||||||
Electric Utilities — 1.2% | ||||||||
Duke Energy Florida LLC, Series A, (LIBOR USD 3 Month + 0.25%), 1.90%, 11/26/21(a). | 2,000 | 1,979,581 | ||||||
NextEra Energy Capital Holdings, Inc.: | ||||||||
Series H, 3.34%, 09/01/20 | 995 | 1,001,413 | ||||||
(LIBOR USD 3 Month + 0.45%), | 9,356 | 9,336,242 | ||||||
(LIBOR USD 3 Month + 0.48%), | 15,000 | 14,885,161 | ||||||
2.40%, 09/01/21 | 6,070 | 6,170,580 | ||||||
2.90%, 04/01/22 | 2,225 | 2,298,523 | ||||||
Xcel Energy, Inc., 2.40%, 03/15/21 | 7,238 | 7,295,560 | ||||||
|
| |||||||
42,967,060 | ||||||||
Energy Equipment & Services — 0.2% | ||||||||
Schlumberger Finance Canada Ltd.(b): | ||||||||
2.20%, 11/20/20 | 2,500 | 2,491,947 | ||||||
2.65%, 11/20/22 | 3,500 | 3,453,701 | ||||||
|
| |||||||
5,945,648 | ||||||||
Entertainment — 0.4%(a) | ||||||||
NBCUniversal Enterprise, Inc., (LIBOR USD 3 Month + 0.40%), 1.83%, 04/01/21(b) | 9,000 | 9,000,725 | ||||||
Walt Disney Co. (The), (LIBOR USD 3 Month + 0.25%), 1.83%, 09/01/21 | 6,000 | 5,967,012 | ||||||
|
| |||||||
14,967,737 | ||||||||
Health Care Providers & Services — 0.2% | ||||||||
UnitedHealth Group, Inc.: | ||||||||
2.70%, 07/15/20 | 3,500 | 3,511,118 | ||||||
1.95%, 10/15/20 | 3,557 | 3,557,082 | ||||||
|
| |||||||
7,068,200 | ||||||||
Insurance — 2.0%(b) | ||||||||
Jackson National Life Global Funding(a): | ||||||||
(LIBOR USD 3 Month + 0.30%), | 3,000 | 2,990,882 | ||||||
(SOFR + 0.60%), 0.61%, 01/06/23 | 36,000 | 34,552,118 | ||||||
MassMutual Global Funding II, | 9,802 | 9,894,039 | ||||||
Metropolitan Life Global Funding I, (SOFR + 0.57%), 0.58%, 01/13/23(a) | 24,390 | 23,525,375 | ||||||
Suncorp-Metway Ltd.: | ||||||||
(LIBOR USD 3 Month + 0.50%), | 1,500 | 1,493,050 | ||||||
2.38%, 11/09/20 | 1,970 | 1,978,932 | ||||||
|
| |||||||
74,434,396 | ||||||||
IT Services — 0.5% | ||||||||
International Business Machines Corp., (LIBOR USD 3 Month + 0.40%), | 17,000 | 16,996,016 | ||||||
|
| |||||||
Machinery — 0.1% | ||||||||
Illinois Tool Works, Inc., 3.38%, 09/15/21 | 2,250 | 2,303,841 | ||||||
|
| |||||||
Media — 0.0% | ||||||||
Comcast Corp., (LIBOR USD 3 Month + 0.33%), 1.76%, 10/01/20(a) | 1,500 | 1,500,837 | ||||||
|
|
3 |
Schedule of Investments (unaudited) (continued) April 30, 2020 | BlackRock Short Obligations Fund (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Oil, Gas & Consumable Fuels — 1.3% | ||||||||
BP Capital Markets plc, (LIBOR USD 3 Month + 0.25%), 1.93%, 11/24/20(a) | USD 22,000 | $ | 21,827,560 | |||||
Enterprise Products Operating LLC: | ||||||||
5.20%, 09/01/20 | 2,600 | 2,625,845 | ||||||
2.85%, 04/15/21 | 9,000 | 9,007,628 | ||||||
3.50%, 02/01/22 | 11,000 | 11,253,192 | ||||||
TransCanada PipeLines Ltd., | 3,590 | 3,609,357 | ||||||
|
| |||||||
48,323,582 | ||||||||
Pharmaceuticals — 0.6% | ||||||||
Bristol-Myers Squibb Co., | 14,957 | 15,034,769 | ||||||
Sanofi, 4.00%, 03/29/21 | 9,000 | 9,254,972 | ||||||
|
| |||||||
24,289,741 | ||||||||
Road & Rail — 0.3% | ||||||||
Ryder System, Inc.: | ||||||||
2.50%, 05/11/20 | 6,000 | 5,999,474 | ||||||
2.88%, 09/01/20 | 1,847 | 1,848,888 | ||||||
3.50%, 06/01/21 | 3,799 | 3,847,046 | ||||||
|
| |||||||
11,695,408 | ||||||||
Semiconductors & Semiconductor Equipment — 0.5% | ||||||||
Lam Research Corp., 2.80%, 06/15/21 | 19,373 | 19,741,349 | ||||||
|
| |||||||
Thrifts & Mortgage Finance — 1.0% | ||||||||
BPCE SA: | ||||||||
3.15%, 07/31/20(b) | 5,000 | 5,023,358 | ||||||
2.75%, 12/02/21 | 8,938 | 9,098,884 | ||||||
(SOFR + 0.44%), 0.45%, 02/17/22(a)(b) | 10,000 | 9,769,715 | ||||||
Nationwide Building Society, | 14,515 | 14,606,828 | ||||||
|
| |||||||
38,498,785 | ||||||||
|
| |||||||
Total Corporate Bonds — 43.9% | 1,620,097,068 | |||||||
|
| |||||||
Foreign Agency Obligations — 0.4% |
| |||||||
France — 0.4% | ||||||||
Electricite de France SA, | 15,100 | 15,134,895 | ||||||
|
| |||||||
Total Foreign Agency Obligations — 0.4% |
| 15,134,895 | ||||||
|
| |||||||
Foreign Government Obligations — 0.5% |
| |||||||
South Korea — 0.5% | ||||||||
Korea Development Bank (The), (LIBOR USD 3 Month + 0.35%), | 16,690 | 16,358,526 | ||||||
|
| |||||||
Total Foreign Government Obligations — 0.5% | 16,358,526 | |||||||
|
| |||||||
Shares | ||||||||
Investment Companies — 2.1% | ||||||||
BlackRock Liquid Environmentally Aware Fund* | 77,066,038 | 77,143,104 | ||||||
|
| |||||||
Total Investment Companies — 2.1% | 77,143,104 | |||||||
|
|
Security | Par (000) | Value | ||||||
Municipal Bonds — 0.0% | ||||||||
Michigan Finance Authority (Trinity Health Credit Group), Series2019-T, RB, | USD 550 | $ | 551,721 | |||||
|
| |||||||
Total Municipal Bonds — 0.0% | 551,721 | |||||||
|
| |||||||
Total Long-Term Investments — 47.5% | 1,750,266,118 | |||||||
|
| |||||||
Short-Term Securities — 53.6% | ||||||||
Certificates of Deposit — 21.4% | ||||||||
Domestic — 1.3%(a) | ||||||||
Goldman Sachs Bank USA: | ||||||||
(SOFR + 0.25%), 0.26%, 06/29/20 | 7,000 | 6,989,780 | ||||||
(SOFR + 0.43%), 0.44%, 02/26/21 | 6,000 | 5,984,354 | ||||||
HSBC Bank USA NA, (LIBOR USD 3 Month + 0.11%), 1.86%, 02/04/21 | 8,000 | 7,982,555 | ||||||
Morgan Stanley Bank NA: | ||||||||
(US Federal Funds Effective Rate (continuous series) + 0.55%), | 6,200 | 6,190,224 | ||||||
(SOFR + 0.30%), 2.15%, 08/25/21 | 20,000 | 20,059,547 | ||||||
|
| |||||||
47,206,460 | ||||||||
Euro — 0.7%(d) | ||||||||
ABN AMRO Bank NV, 1.85%, 05/11/20 | 15,000 | 15,006,270 | ||||||
Credit Industriel et Commercial SA, | 12,000 | 11,929,409 | ||||||
|
| |||||||
26,935,679 | ||||||||
Yankee — 19.4%(e) | ||||||||
Banco Santander SA, New York, (LIBOR USD 3 Month + 0.16%), 1.89%, 02/11/21(a) | 7,500 | 7,483,349 | ||||||
Bank of Montreal, Chicago: | ||||||||
(LIBOR USD 1 Month + 0.16%), | 13,000 | 13,002,733 | ||||||
(US Federal Funds Effective Rate (continuous series) + 0.31%), | 8,000 | 7,996,269 | ||||||
1.25%, 01/11/21(d) | 12,000 | 12,060,243 | ||||||
(LIBOR USD 3 Month + 0.10%), | 9,200 | 9,189,385 | ||||||
Bank of Nova Scotia, Houston(a): | ||||||||
(US Federal Funds Effective Rate (continuous series) + 0.45%), | 8,000 | 7,992,462 | ||||||
(LIBOR USD 3 Month + 0.10%), | 5,000 | 4,994,300 | ||||||
Barclays Bank plc, New York: | ||||||||
2.05%, 06/22/20(d) | 5,000 | 5,010,275 | ||||||
(LIBOR USD 1 Month + 0.48%), | 6,000 | 5,999,772 | ||||||
(LIBOR USD 3 Month + 0.45%), | 4,500 | 4,501,929 | ||||||
2.01%, 12/08/20(d) | 13,750 | 13,814,975 | ||||||
1.25%, 03/03/21(d) | 10,000 | 9,994,718 | ||||||
Bayerische Landesbank, New York(a): | ||||||||
(LIBOR USD 3 Month + 0.18%), | 23,100 | 23,054,312 | ||||||
(LIBOR USD 3 Month + 0.47%), | 25,000 | 24,684,684 | ||||||
BNP Paribas SA, New York, (LIBOR USD 3 Month + 0.25%), 2.01%, 02/01/21(a) | 20,000 | 19,977,521 |
4 |
Schedule of Investments (unaudited) (continued) April 30, 2020 | BlackRock Short Obligations Fund (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Yankee (continued) | ||||||||
Canadian Imperial Bank of Commerce, New York(a): | ||||||||
(LIBOR USD 1 Month + 0.17%), | USD 5,000 | $ | 5,001,554 | |||||
(LIBOR USD 1 Month + 0.25%), | 15,000 | 14,995,562 | ||||||
Credit Agricole Corporate and Investment Bank SA, New York(a): | ||||||||
(LIBOR USD 3 Month + 0.39%), | 1,000 | 1,000,079 | ||||||
(LIBOR USD 3 Month + 0.47%), | 2,000 | 2,000,852 | ||||||
(LIBOR USD 3 Month + 0.35%), | 11,000 | 10,982,781 | ||||||
(LIBOR USD 3 Month + 0.29%), | 2,000 | 1,999,937 | ||||||
(LIBOR USD 3 Month + 0.40%), | 1,000 | 1,000,194 | ||||||
(LIBOR USD 3 Month + 0.27%), | 13,000 | 12,992,803 | ||||||
(LIBOR USD 3 Month + 0.60%), | 2,000 | 2,003,457 | ||||||
(LIBOR USD 3 Month + 0.21%), | 11,000 | 10,922,873 | ||||||
(LIBOR USD 3 Month + 0.48%), | 6,000 | 6,000,009 | ||||||
(SOFR + 0.40%), 0.41%, 11/15/21 | 8,000 | 7,775,590 | ||||||
Credit Industriel et Commercial SA, New York, (US Federal Funds Effective Rate (continuous series) + 0.36%), | 6,000 | 5,997,532 | ||||||
Credit Suisse AG, New York: | ||||||||
(SOFR + 0.37%), 0.38%, 05/22/20(a) | 10,000 | 10,000,904 | ||||||
(SOFR + 0.32%), 0.33%, 07/27/20(a) | 9,000 | 8,992,682 | ||||||
(SOFR + 0.45%), 0.46%, 09/25/20(a) | 10,000 | 9,986,787 | ||||||
1.97%, 11/20/20(d) | 2,000 | 2,016,117 | ||||||
(LIBOR USD 3 Month + 0.16%), | 9,000 | 8,997,817 | ||||||
(LIBOR USD 3 Month + 0.23%), | 5,000 | 5,000,982 | ||||||
DNB Bank ASA, New York, (LIBOR USD 3 Month + 0.22%), 1.36%, 07/19/21(a) | 20,000 | 19,896,512 | ||||||
DZ Bank AG Deutsche Zentral-Genossenschaftsbank, New York, (LIBOR USD 3 Month + 0.20%), | 25,000 | 24,559,993 | ||||||
Kookmin Bank, New York, (LIBOR USD 3 Month + 0.37%), 2.17%, 02/17/21(a) | 42,000 | 41,973,513 | ||||||
Lloyds Bank Corporate Markets plc, New York: | ||||||||
(LIBOR USD 3 Month + 0.50%), | 1,500 | 1,500,001 | ||||||
2.03%, 12/18/20(d) | 5,500 | 5,536,829 | ||||||
1.93%, 01/06/21(d) | 7,000 | 7,044,874 | ||||||
(LIBOR USD 3 Month + 0.52%), | 14,000 | 13,982,282 | ||||||
(LIBOR USD 3 Month + 0.55%), | 15,800 | 15,733,570 | ||||||
MUFG Bank Ltd., New York: | ||||||||
1.95%, 10/15/20(b)(d) | 4,000 | 4,025,016 | ||||||
1.96%, 10/15/20(b)(d) | 3,300 | 3,320,797 | ||||||
1.98%, 10/15/20(b)(d) | 2,500 | 2,515,980 | ||||||
(LIBOR USD 3 Month + 0.50%), | 1,000 | 1,001,095 | ||||||
(LIBOR USD 3 Month + 0.50%), | 5,000 | 4,982,131 |
Security | Par (000) | Value | ||||||
Yankee (continued) | ||||||||
Natixis SA, New York: | ||||||||
(LIBOR USD 1 Month + 0.26%), | USD 6,000 | $ | 6,002,315 | |||||
(SOFR + 0.30%), 0.31%, 06/05/20(a) | 7,000 | 6,999,132 | ||||||
(LIBOR USD 3 Month + 0.39%), | 3,000 | 2,999,547 | ||||||
1.93%, 11/12/20(d) | 12,000 | 12,087,055 | ||||||
Nordea Bank Abp, New York(a): | ||||||||
(LIBOR USD 3 Month + 0.27%), | 1,000 | 999,918 | ||||||
(LIBOR USD 3 Month + 0.29%), | 8,000 | 7,993,407 | ||||||
(LIBOR USD 3 Month + 0.32%), | 6,000 | 5,980,294 | ||||||
(LIBOR USD 3 Month + 0.26%), | 9,000 | 8,889,909 | ||||||
(LIBOR USD 3 Month + 0.23%), | 9,000 | 8,881,523 | ||||||
Norinchukin Bank, New York, | 5,000 | 5,015,136 | ||||||
Royal Bank of Canada, New York, (LIBOR USD 3 Month + 0.45%), | 5,000 | 5,002,415 | ||||||
Skandinaviska Enskilda Banken AB, New York: | ||||||||
(LIBOR USD 3 Month + 0.15%), | 7,000 | 6,999,998 | ||||||
1.93%, 10/16/20(d) | 4,000 | 4,026,843 | ||||||
Standard Chartered Bank, New York: | ||||||||
1.99%, 05/01/20(d) | 20,000 | 20,001,053 | ||||||
(LIBOR USD 1 Month + 0.30%), | 8,500 | 8,501,325 | ||||||
(LIBOR USD 3 Month + 0.28%), | 10,000 | 10,004,033 | ||||||
Sumitomo Mitsui Banking Corp., New York(a): | ||||||||
(LIBOR USD 3 Month + 0.41%), | 7,000 | 7,001,827 | ||||||
(LIBOR USD 3 Month + 0.42%), | 2,000 | 2,000,763 | ||||||
(LIBOR USD 3 Month + 0.39%), | 12,000 | 11,994,466 | ||||||
(LIBOR USD 3 Month + 0.36%), | 5,350 | 5,340,408 | ||||||
(LIBOR USD 3 Month + 0.36%), | 9,000 | 8,996,400 | ||||||
(LIBOR USD 3 Month + 0.35%), | 3,000 | 2,984,030 | ||||||
(LIBOR USD 3 Month + 0.44%), | 7,000 | 6,949,480 | ||||||
(LIBOR USD 3 Month + 0.38%), | 11,000 | 11,000,003 | ||||||
(LIBOR USD 3 Month + 0.35%), | 6,000 | 5,928,933 | ||||||
(LIBOR USD 3 Month + 0.35%), | 5,000 | 4,940,019 | ||||||
Sumitomo Mitsui Trust Bank Ltd., New York, (LIBOR USD 3 Month + 0.20%), | 5,000 | 5,000,004 | ||||||
Svenska Handelsbanken, New York(a): | ||||||||
(LIBOR USD 3 Month + 0.28%), | 3,000 | 3,000,323 | ||||||
(LIBOR USD 3 Month + 0.15%), | 15,000 | 14,999,995 | ||||||
(LIBOR USD 1 Month + 0.25%), | 15,000 | 14,977,984 | ||||||
(LIBOR USD 3 Month + 0.26%), | 8,000 | 7,902,301 |
5 |
Schedule of Investments (unaudited) (continued) April 30, 2020 | BlackRock Short Obligations Fund (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Yankee (continued) | ||||||||
Toronto-Dominion Bank, New York: | ||||||||
2.17%, 07/24/20(d) | USD 7,000 | $ | 7,031,611 | |||||
(LIBOR USD 3 Month + 0.40%), | 4,000 | 3,999,999 | ||||||
UBS AG, Stamford, 1.38%, 04/16/21(d) | 10,000 | 10,005,996 | ||||||
Westpac Banking Corp., New York, (LIBOR USD 3 Month + 0.15%), | 15,000 | 14,995,508 | ||||||
|
| |||||||
712,931,985 | ||||||||
|
| |||||||
Total Certificates of Deposit — 21.4% | 787,074,124 | |||||||
|
| |||||||
Commercial Paper — 26.5% | ||||||||
ABB Treasury Center USA, Inc., | 6,000 | 5,997,037 | ||||||
Airbus Finance BV, 1.22%, 05/22/20(d) | 18,100 | 18,098,164 | ||||||
Albion Capital Corp. SA, | 10,634 | 10,627,115 | ||||||
American Electric Power Co., Inc., | 10,000 | 9,989,399 | ||||||
AstraZeneca plc, 2.11%, 07/16/20(d) | 10,000 | 9,967,639 | ||||||
AT&T, Inc., 1.51%, 08/04/20(d) | 6,730 | 6,703,331 | ||||||
BAE Systems Holdings, Inc.(d): | ||||||||
1.61%, 06/11/20 | 24,300 | 24,261,160 | ||||||
1.61%, 06/17/20 | 16,000 | 15,969,707 | ||||||
Banco Santander SA(d): | ||||||||
1.98%, 06/26/20 | 9,000 | 8,995,725 | ||||||
1.92%, 07/07/20 | 4,000 | 3,997,431 | ||||||
Bank of Nova Scotia (The)(a): | ||||||||
(LIBOR USD 1 Month + 0.17%), | 5,000 | 5,001,742 | ||||||
(LIBOR USD 1 Month + 0.16%), | 5,000 | 5,001,662 | ||||||
(LIBOR USD 1 Month + 0.16%), | 4,000 | 4,001,239 | ||||||
Barclays Bank plc, 1.85%, 01/28/21(b)(d) | 3,000 | 2,977,478 | ||||||
Barton Capital LLC, 1.37%, 07/02/20(d) | 34,800 | 34,770,646 | ||||||
Bedford Row Funding Corp., | 10,000 | 9,920,961 | ||||||
BP Capital Markets plc, | 15,000 | 14,978,620 | ||||||
BPCE SA(d): | ||||||||
1.96%, 07/31/20 | 2,000 | 1,998,620 | ||||||
1.06%, 12/01/20 | 12,000 | 11,959,437 | ||||||
2.04%, 12/23/20 | 10,000 | 9,960,302 | ||||||
Cancara Asset Securitisation LLC, | 5,000 | 4,998,550 | ||||||
Cargill, Inc., 1.26%, 10/13/20(d) | 10,000 | 9,972,333 | ||||||
Citigroup Global Markets, Inc., | 5,000 | 4,999,213 | ||||||
Coca-Cola Co. (The)(d): | ||||||||
1.21%, 09/24/20 | 6,000 | 5,992,895 | ||||||
1.63%, 02/11/21 | 10,000 | 9,964,125 | ||||||
Collateralized Commercial Paper FLEX Co. LLC, (LIBOR USD 3 Month + 0.12%), | 5,000 | 4,992,204 | ||||||
Compass Group plc, 1.81%, 07/31/20(d) | 17,400 | 17,381,769 | ||||||
Duke Energy Corp.(d): | ||||||||
1.76%, 05/08/20 | 7,500 | 7,498,667 | ||||||
1.20%, 06/17/20 | 5,000 | 4,990,533 | ||||||
1.05%, 06/24/20 | 15,000 | 14,967,733 | ||||||
Eaton Capital Unlimited Co., | 14,500 | 14,499,741 | ||||||
Electricite de France SA, | 15,000 | 14,997,333 | ||||||
Enbridge Energy Partners LP(d): | ||||||||
1.82%, 05/20/20 | 8,000 | 7,995,480 | ||||||
1.81%, 05/26/20 | 8,701 | 8,692,975 | ||||||
General Dynamics Corp., | 19,500 | 19,450,016 | ||||||
GlaxoSmithKline LLC, | 9,850 | 9,818,006 |
Security | Par (000) | Value | ||||||
Commercial Paper (continued) | ||||||||
HSBC Bank plc(a): | ||||||||
(LIBOR USD 3 Month + 0.23%), | USD 7,000 | $ | 6,999,377 | |||||
(LIBOR USD 1 Month + 0.29%), | 15,000 | 14,979,807 | ||||||
Hyundai Capital America(d): | ||||||||
2.22%, 06/09/20 | 15,800 | 15,774,843 | ||||||
1.83%, 06/18/20 | 5,700 | 5,688,999 | ||||||
1.83%, 06/19/20 | 6,800 | 6,786,617 | ||||||
ING US Funding LLC(a): | ||||||||
(LIBOR USD 3 Month + 0.15%), | 10,000 | 9,992,627 | ||||||
(LIBOR USD 3 Month + 0.17%), | 10,000 | 9,993,019 | ||||||
(LIBOR USD 3 Month + 0.20%), | 5,000 | 4,997,672 | ||||||
LMA-Americas LLC, 1.92%, 05/12/20(d) | 5,000 | 4,999,768 | ||||||
Macquarie Bank Ltd., (LIBOR USD 3 Month + 0.07%), 1.76%, 02/16/21(a) | 10,000 | 9,974,093 | ||||||
National Australia Bank Ltd., (LIBOR USD 3 Month + 0.12%), 1.12%, 12/09/20(a) | 15,000 | 14,992,817 | ||||||
National Grid USA, 1.76%, 05/27/20(d) | 26,000 | 25,974,260 | ||||||
Nationwide Building Society, | 10,000 | 9,998,122 | ||||||
Nissan Motor Acceptance Corp.(d): | ||||||||
2.22%, 06/12/20 | 8,000 | 7,971,639 | ||||||
1.51%, 07/01/20 | 10,425 | 10,372,269 | ||||||
1.94%, 11/04/20 | 10,000 | 9,817,222 | ||||||
Nutrien Ltd.(d): | ||||||||
1.17%, 05/04/20 | 11,000 | 10,998,961 | ||||||
1.23%, 05/12/20 | 8,000 | 7,997,733 | ||||||
2.03%, 05/13/20 | 4,000 | 3,998,772 | ||||||
1.63%, 05/26/20 | 5,000 | 4,995,389 | ||||||
Oversea-Chinese Banking Corp. Ltd., (LIBOR USD 3 Month + 0.09%), | 7,000 | 6,995,435 | ||||||
Reckitt Benckiser Treasury Services plc, | 5,000 | 4,998,623 | ||||||
Rogers Communications, Inc., 0.00%, 05/04/20(d)(f) | 23,000 | 22,998,060 | ||||||
Royal Bank of Canada, (SOFR + 0.40%), | 1,500 | 1,496,929 | ||||||
Salisbury Receivables Co. LLC, (1D SOFR + 0.30%), 0.31%, 02/19/21(a) | 13,000 | 12,953,497 | ||||||
Shell International Finance BV(d): | ||||||||
1.97%, 06/26/20 | 6,825 | 6,813,329 | ||||||
1.16%, 02/26/21 | 8,000 | 7,893,965 | ||||||
Societe Generale SA, (LIBOR USD 1 Month + 0.38%), 1.10%, 08/20/20(a) | 10,000 | 10,006,839 | ||||||
Starbird Funding Corp., 1.10%, 08/14/20(d) | 5,000 | 4,992,330 | ||||||
Starbucks Corp.(d): | ||||||||
1.79%, 05/15/20 | 14,683 | 14,680,675 | ||||||
1.91%, 06/16/20 | 10,000 | 9,981,722 | ||||||
Suncor Energy, Inc.(d): | ||||||||
1.85%, 05/04/20 | 5,000 | 4,999,556 | ||||||
1.81%, 05/07/20 | 13,000 | 12,997,978 | ||||||
1.81%, 05/11/20 | 4,300 | 4,298,949 | ||||||
1.81%, 05/26/20 | 10,000 | 9,990,777 | ||||||
1.80%, 05/27/20 | 5,250 | 5,244,802 | ||||||
1.37%, 06/03/20 | 7,000 | 6,990,460 | ||||||
1.84%, 08/18/20 | 12,000 | 11,930,957 | ||||||
Suncorp-Metway Ltd.(d): | ||||||||
1.92%, 05/11/20 | 12,000 | 11,998,387 | ||||||
1.94%, 05/26/20 | 4,000 | 3,998,850 | ||||||
1.92%, 06/09/20 | 11,000 | 10,994,341 | ||||||
Svenska Handelsbanken AB, | 8,000 | 7,981,035 |
6 |
Schedule of Investments (unaudited) (continued) April 30, 2020 | BlackRock Short Obligations Fund (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Commercial Paper (continued) | ||||||||
Telstra Corp. Ltd.(d): | ||||||||
0.00%, 09/28/20(f) | USD | 12,750 | $ | 12,707,217 | ||||
1.28%, 12/21/20 | 21,240 | 21,120,622 | ||||||
Toronto-Dominion Bank (The), (LIBOR USD 1 Month + 0.18%), 1.01%, 06/12/20(a) | 9,000 | 9,001,815 | ||||||
TransCanada PipeLines Ltd.(d): | ||||||||
1.15%, 05/01/20 | 32,000 | 31,999,289 | ||||||
1.75%, 05/05/20 | 28,000 | 27,996,889 | ||||||
1.32%, 05/06/20 | 12,000 | 11,998,400 | ||||||
UBS AG, (LIBOR USD 3 Month + 0.20%), 1.51%, 07/10/20(a) | 6,000 | 6,000,554 | ||||||
Verizon Communications, Inc.(d): | ||||||||
1.75%, 05/07/20 | 8,000 | 7,999,067 | ||||||
1.91%, 06/23/20 | 9,000 | 8,980,965 | ||||||
Versailles Commercial Paper LLC, 1.16%, 08/19/20(b)(d) | 15,000 | 14,972,019 | ||||||
VW Credit, Inc.(d): | ||||||||
1.89%, 08/10/20 | 7,000 | 6,962,912 | ||||||
1.85%, 08/14/20 | 9,200 | 9,149,154 | ||||||
2.04%, 01/29/21 | 18,500 | 18,232,469 | ||||||
Walt Disney Co. (The), 1.86%, 09/09/20(d) | 7,000 | 6,969,200 |
Security | Par (000) | Value | ||||||
Commercial Paper (continued) | ||||||||
Western Union Co. (The), | USD | 15,000 | $ | 14,999,608 | ||||
|
| |||||||
Total Commercial Paper — 26.5% | 978,020,670 | |||||||
|
| |||||||
Shares | ||||||||
Money Market Funds — 4.0% | ||||||||
BlackRock Liquidity Funds,T-Fund, Institutional Class, 0.12%(g)* | 148,236,461 | 148,236,461 | ||||||
|
| |||||||
Total Money Market Funds — 4.0% | 148,236,461 | |||||||
|
| |||||||
Total Repurchase Agreements — 1.7% |
| 64,500,000 | ||||||
|
| |||||||
Total Short-Term Securities — 53.6% |
| 1,977,831,255 | ||||||
|
| |||||||
Total Investments — 101.1% | 3,728,097,373 | |||||||
|
| |||||||
Liabilities in Excess of Other Assets — (1.1)% |
| (40,626,288 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 3,687,471,085 | ||||||
|
|
(a) | Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end. |
(b) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(c) | Variable rate security. Rate shown is the rate in effect as of period end. |
(d) | Rates are the current rate or a range of current rates as of period end. |
(e) | Issuer is a U.S. branch of a foreign domiciled bank. |
(f) | Zero-coupon bond. |
(g) | Annualized7-day yield as of period end. |
* | Investments in issuers considered to be an affiliate/affiliates of the Fund during the period ended April 30, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliated Issuer | Shares Held at 07/31/19 | Shares Purchased | Shares Sold | Shares Held at | Value at 04/30/20 | Income | Net Realized Gain (Loss) (a) | Change in Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
BlackRock Liquid Environmentally Aware Fund | — | 77,066,038 | — | 77,066,038 | $ | 77,143,104 | $ | 158,950 | $ | — | $ | 55,648 | ||||||||||||||||||||
BlackRock Liquidity Funds,T-Fund, Institutional Class(b) | 189,379 | 148,047,082 | — | 148,236,461 | 148,236,461 | 85,110 | — | — | ||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
$ | 225,379,565 | $ | 244,060 | $ | — | $ | 55,648 | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
(a) | Includes net capital gain distributions, if applicable. |
(b) | Represents net shares purchased (sold). |
For Fund compliance purposes, the Fund’s industry classifications refer to one or more of the industrysub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industrysub-classifications for reporting ease.
7 |
Schedule of Investments (unaudited) (continued) April 30, 2020 | BlackRock Short Obligations Fund
|
Repurchase Agreements
Repurchase Agreements | Collateral | |||||||||||||||||||||||||||||
Counterparty | Coupon Rate | Purchase Date | Maturity Date | Par (000) | At Value (000) | Proceeds Including Interest | Position | Original Par | Position Received, At Value | |||||||||||||||||||||
Bank of America Securities, Inc. | 0.64 | %(a) | 04/30/20 | 06/15/20 | $ | 1,000 | $ | 1,000 | $ 1,000,818 | Corporate/Debt Obligation, 3.00%, due 10/25/58 | $ 1,615,932 | $ 1,200,000 | ||||||||||||||||||
0.74 | (a) | 04/30/20 | 07/05/20 | 4,000 | 4,000 | 4,005,426 | Corporate/Debt Obligation, 3.00%, due 10/25/58 | 6,463,727 | 4,800,000 | |||||||||||||||||||||
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Total Bank of America Securities, Inc. | $ | 5,000 | $ 6,000,000 | |||||||||||||||||||||||||||
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Citigroup Global Markets, Inc. | 1.11 | (a) | 04/30/20 | 08/01/20 | 6,000 | 6,000 | 6,017,207 | Corporate/Debt Obligations, 4.00% to 6.81%, due 02/01/35 to 06/30/58 | 6,067,132 | 6,420,000 | ||||||||||||||||||||
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Credit Suisse Securities USA LLC | 1.31 | (a) | 04/30/20 | 08/04/20 | 12,000 | 12,000 | 12,041,924 | Corporate/Debt Obligations, 0.64% to 0.87%, due 03/25/35 to 09/25/36 | 19,298,969 | 13,800,000 | ||||||||||||||||||||
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JP Morgan Securities LLC | 1.99 | 02/13/20 | 05/13/20 | 20,000 | 20,000 | 20,099,500 | Corporate/Debt Obligations, 2.14% to 6.38%, due 05/15/22 to 03/15/52 | 38,959,041 | 21,439,291 | |||||||||||||||||||||
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Mizuho Securities USA LLC | 0.95 | (a) | 04/30/20 | 06/05/20 | 3,500 | 3,500 | 3,503,338 | U.S. Treasury Obligation, 2.00%, due 05/31/24 . | 3,317,900 | 3,570,081 | ||||||||||||||||||||
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Wells Fargo Securities LLC | 1.65 | 04/09/20 | 07/01/20 | 18,000 | 18,000 | 18,068,475 | Corporate/Debt Obligations, 2.10% to 3.51%, due 09/15/24 to 07/19/34 | 19,773,099 | 19,260,000 | |||||||||||||||||||||
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$ | 64,500 | $ 70,489,372 | ||||||||||||||||||||||||||||
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(a) | Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand. |
Glossary of Terms Used in this Report
Currency | ||
USD | United States Dollar | |
Portfolio Abbreviations | ||
LIBOR | London Interbank Offered Rate | |
RB | Revenue Bonds | |
SOFR | Secured Overnight Financing Rate |
8 |
Schedule of Investments (unaudited) (continued) April 30, 2020 | BlackRock Short Obligations Fund
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Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
• | Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access |
• | Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) |
• | Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for investments is based on the pricing transparency of the investments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.
The following table summarizes the Fund’s investments categorized in the disclosure hierarchy:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments: | ||||||||||||||||
Long-Term Investments: | ||||||||||||||||
Asset-Backed Securities | $ | — | $ | 20,980,804 | $ | — | $ | 20,980,804 | ||||||||
Corporate Bonds(a) | — | 1,620,097,068 | — | 1,620,097,068 | ||||||||||||
Foreign Agency Obligations(a) | — | 15,134,895 | — | 15,134,895 | ||||||||||||
Foreign Government Obligations(a) | — | 16,358,526 | — | 16,358,526 | ||||||||||||
Investment Companies | 77,143,104 | — | — | 77,143,104 | ||||||||||||
Municipal Bonds | — | 551,721 | — | 551,721 | ||||||||||||
Short-Term Securities: | ||||||||||||||||
Certificates of Deposit | — | 787,074,124 | — | 787,074,124 | ||||||||||||
Commercial Paper | — | 978,020,670 | — | 978,020,670 | ||||||||||||
Money Market Funds | 148,236,461 | — | — | 148,236,461 | ||||||||||||
Repurchase Agreements | — | 64,500,000 | — | 64,500,000 | ||||||||||||
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$ | 225,379,565 | $ | 3,502,717,808 | $ | — | $ | 3,728,097,373 | |||||||||
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(a) | See above Schedule of Investments for values in each industry or country. |
9 |