Form NSAR-A BlackRock Funds II For: Jan 31

      PAGE  1
000 A000000 01/31/2017
000 C000000 0001398078
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 BLACKROCK FUNDS II
001 B000000 811-22061
001 C000000 8004417762
002 A000000 100 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 27
007 C013500 35
007 C023500 MULTI-ASSET INCOME PORTFOLIO
007 C033500 N
007 C013600 36
007 C023600 GLOBAL DIVIDEND PORTFOLIO
007 C033600 N
007 C014000 40
007 C024000 DYNAMIC HIGH INCOME PORTFOLIO
007 C034000 N
008 A003501 BLACKROCK ADVISORS, LLC
008 B003501 A
008 C003501 801-47710
008 D013501 WILMINGTON
008 D023501 DE
008 D033501 19809
008 A003502 BLACKROCK INTERNATIONAL LTD.
008 B003502 S
008 C003502 801-51087
008 D013502 EDINBURGH
008 D053502 UNITED KINGDOM
008 D063502 EH3 8BL
008 A003503 BLACKROCK (SINGAPORE) LIMITED
008 B003503 S
008 C003503 801-00000
008 D013503 SINGAPORE
008 D053503 SINGAPORE
008 D063503 079912
008 A003504 BLACKROCK ASSET MANAGEMENT NORTH ASIA LIMITED
008 B003504 S
      PAGE  2
008 C003504 801-00000
008 D013504 HONG KONG
008 D053504 HONG KONG
008 A003601 BLACKROCK ADVISORS, LLC
008 B003601 A
008 C003601 801-47710
008 D013601 WILMINGTON
008 D023601 DE
008 D033601 19809
008 A003602 BLACKROCK INTERNATIONAL LTD.
008 B003602 S
008 C003602 801-51087
008 D013602 EDINBURGH
008 D053602 UNITED KINGDOM
008 D063602 EH3 8BL
008 A004001 BLACKROCK ADVISORS, LLC
008 B004001 A
008 C004001 801-47710
008 D014001 WILMINGTON
008 D024001 DE
008 D034001 19809
008 A004002 BLACKROCK INTERNATIONAL LTD.
008 B004002 S
008 C004002 801-51087
008 D014002 EDINBURGH
008 D054002 UNITED KINGDOM
008 D064002 EH3 8BL
008 A004003 BLACKROCK (SINGAPORE) LIMITED
008 B004003 S
008 C004003 801-00000
008 D014003 SINGAPORE
008 D054003 SINGAPORE
008 D064003 079912
008 A004004 BLACKROCK ASSET MANAGEMENT NORTH ASIA LIMITED
008 B004004 S
008 C004004 801-00000
008 D014004 HONG KONG
008 D054004 HONG KONG
010 A00AA01 BLACKROCK ADVISORS, LLC
010 B00AA01 801-47710
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19809
011 A00AA01 BLACKROCK INVESTMENTS, LLC
011 B00AA01 8-48436
011 C01AA01 New York
011 C02AA01 NY
011 C03AA01 10022
012 A00AA01 BNY MELLON INVESTMENT SERVICING (US) INC.
012 B00AA01 84-01761
012 C01AA01 Wilmington
      PAGE  3
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
014 A00AA01 BLACKROCK EXECUTION SERVICES
014 B00AA01 8-48719
014 A00AA02 BLACKROCK INVESTMENTS, LLC
014 B00AA02 8-48436
014 A00AA03 PNC CAPITAL MARKETS, INC.
014 B00AA03 8-32493
014 A00AA04 HARRIS WILLIAMS LLC
014 B00AA04 8-53380
014 A00AA05 PNC INVESTMENTS, LLC
014 B00AA05 8-66195
014 A00AA06 SOLEBURY CAPITAL, LLC
014 B00AA06 8-67548
015 A003501 THE BANK OF NEW YORK MELLON
015 B003501 C
015 C013501 NEW YORK
015 C023501 NY
015 C033501 10286
015 E013501 X
015 A003601 THE BANK OF NEW YORK MELLON
015 B003601 C
015 C013601 NEW YORK
015 C023601 NY
015 C033601 10286
015 E013601 X
015 A004001 THE BANK OF NEW YORK MELLON
015 B004001 C
015 C014001 NEW YORK
015 C024001 NY
015 C034001 10286
015 E014001 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  275
019 C00AA00 BLKRKADVSR
020 A000001 UBS SECURITIES LLC
020 B000001 13-3873456
020 C000001   4400
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002   2640
020 A000003 CIT GROUP HOLDINGS, INC.
020 B000003 65-1051227
020 C000003   1380
020 A000004 MORGAN STANLEY
020 B000004 36-3145972
      PAGE  4
020 C000004   1371
020 A000005 RBC CAPITAL MARKETS LLC
020 B000005 41-1228350
020 C000005    865
020 A000006 J.P. MORGAN SECURITIES LLC
020 B000006 13-3299429
020 C000006    811
020 A000007 CITIGROUP GLOBAL MARKETS, INC.
020 B000007 11-2418191
020 C000007    799
020 A000008 R.J. O'Brien & Associates LLC
020 C000008    731
020 A000009 BANK OF AMERICA CORP.
020 B000009 56-0906609
020 C000009    607
020 A000010 DEUTSCHE BANK SECURITIES, INC.
020 B000010 13-2730828
020 C000010    602
021  000000    16461
022 A000001 BANK OF AMERICA CORP.
022 B000001 56-0906609
022 C000001 187875644
022 D000001 166904871
022 A000002 MORGAN STANLEY
022 B000002 36-3145972
022 C000002 181413928
022 D000002 164121728
022 A000003 J.P. MORGAN SECURITIES LLC
022 B000003 13-3299429
022 C000003 145045533
022 D000003 129821650
022 A000004 CREDIT SUISSE SECURITIES (USA) LLC
022 B000004 05-0546650
022 C000004 129020197
022 D000004  94895552
022 A000005 ING GROEP N.V.
022 C000005 110675610
022 D000005  72841129
022 A000006 GOLDMAN, SACHS & CO.
022 B000006 13-5108880
022 C000006  67340791
022 D000006  49177539
022 A000007 DEUTSCHE BANK SECURITIES, INC.
022 B000007 13-2730828
022 C000007  61691575
022 D000007  51352013
022 A000008 NOMURA SECURITIES INTERNATIONAL, INC.
022 B000008 13-2642206
022 C000008  45640733
022 D000008  42217504
022 A000009 BNP PARIBAS SECURITIES CORP.
      PAGE  5
022 B000009 13-3235334
022 C000009  50577431
022 D000009  34183025
022 A000010 CITIGROUP GLOBAL MARKETS, INC.
022 B000010 11-2418191
022 C000010  41397737
022 D000010  32224134
023 C000000 1108734010
023 D000000  920388737
024  003500 Y
024  003600 N
024  004000 Y
025 A003501 CITIGROUP GLOBAL MARKETS, INC.
025 B003501 11-2418191
025 C003501 D
025 D003501  449369
025 A003502 J.P. MORGAN SECURITIES LLC
025 B003502 13-3299429
025 C003502 D
025 D003502  329982
025 A003503 BNP PARIBAS SECURITIES CORP.
025 B003503 13-3235334
025 C003503 D
025 D003503  299331
025 A003504 RBC CAPITAL MARKETS LLC
025 B003504 41-1228350
025 C003504 D
025 D003504  292242
025 A003505 NOMURA SECURITIES INTERNATIONAL, INC.
025 B003505 13-2642206
025 C003505 D
025 D003505  289345
025 A003506 BANK OF AMERICA CORP.
025 B003506 56-0906609
025 C003506 D
025 D003506  273048
025 A003507 CREDIT SUISSE SECURITIES (USA) LLC
025 B003507 05-0546650
025 C003507 D
025 D003507  264710
025 A003508 MORGAN STANLEY
025 B003508 36-3145972
025 C003508 D
025 D003508  133669
025 A003509 DEUTSCHE BANK SECURITIES, INC.
025 B003509 13-2730828
025 C003509 D
025 D003509  119604
025 A003510 GOLDMAN, SACHS & CO.
025 B003510 13-5108880
025 C003510 D
      PAGE  6
025 D003510   95427
025 A003511 UBS SECURITIES LLC
025 B003511 13-3873456
025 C003511 D
025 D003511   37750
025 A003512 MORGAN STANLEY
025 B003512 36-3145972
025 C003512 E
025 D003512   24492
025 A003513 CIT GROUP HOLDINGS, INC.
025 B003513 65-1051227
025 C003513 D
025 D003513   11811
025 A003514 ING GROEP N.V.
025 C003514 D
025 D003514    4448
025 A003515 DEUTSCHE BANK SECURITIES, INC.
025 B003515 13-2730828
025 C003515 E
025 D003515    3441
025 A003516 NOMURA SECURITIES INTERNATIONAL, INC.
025 B003516 13-2642206
025 C003516 E
025 D003516     545
025 A004001 CITIGROUP GLOBAL MARKETS, INC.
025 B004001 11-2418191
025 C004001 D
025 D004001    9970
025 A004002 BANK OF AMERICA CORP.
025 B004002 56-0906609
025 C004002 D
025 D004002    9956
025 A004003 BNP PARIBAS SECURITIES CORP.
025 B004003 13-3235334
025 C004003 D
025 D004003    9610
025 A004004 J.P. MORGAN SECURITIES LLC
025 B004004 13-3299429
025 C004004 D
025 D004004    9002
025 A004005 RBC CAPITAL MARKETS LLC
025 B004005 41-1228350
025 C004005 D
025 D004005    8308
025 A004006 CREDIT SUISSE SECURITIES (USA), LLC
025 B004006 05-0546650
025 C004006 D
025 D004006    7641
025 A004007 NOMURA SECURITIES INTERNATIONAL, INC.
025 B004007 13-2642206
025 C004007 D
      PAGE  7
025 D004007    6976
025 A004008 DEUTSCHE BANK SECURITIES, INC.
025 B004008 13-2730828
025 C004008 D
025 D004008    3851
025 A004009 MORGAN STANLEY
025 B004009 36-3145972
025 C004009 D
025 D004009    3247
025 A004010 GOLDMAN, SACHS & CO.
025 B004010 13-5108880
025 C004010 D
025 D004010    1334
025 A004011 MORGAN STANLEY
025 B004011 36-3145972
025 C004011 E
025 D004011     829
025 A004012 UBS SECURITIES LLC
025 B004012 13-3873456
025 C004012 D
025 D004012     424
025 A004013 DEUTSCHE BANK SECURITIES, INC.
025 B004013 13-2730828
025 C004013 E
025 D004013     246
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
028 A013500    487428
028 A023500      5524
028 A033500         0
028 A043500    357993
028 B013500    462716
028 B023500     44544
028 B033500         0
028 B043500    338927
028 C013500    406312
028 C023500     40712
028 C033500         0
028 C043500    296467
028 D013500    460516
028 D023500     39039
028 D033500         0
028 D043500    386287
      PAGE  8
028 E013500    490196
028 E023500     79351
028 E033500         0
028 E043500    517518
028 F013500    498597
028 F023500     86125
028 F033500         0
028 F043500    420734
028 G013500   2805765
028 G023500    295295
028 G033500         0
028 G043500   2317926
028 H003500    810241
028 A013600    102741
028 A023600         0
028 A033600         0
028 A043600     44986
028 B013600     85330
028 B023600         0
028 B033600         0
028 B043600     52425
028 C013600    107494
028 C023600     10192
028 C033600         0
028 C043600     85345
028 D013600     73273
028 D023600         0
028 D033600         0
028 D043600     83302
028 E013600     82246
028 E023600     10849
028 E033600         0
028 E043600     92554
028 F013600     65120
028 F023600         0
028 F033600         0
028 F043600     71739
028 G013600    516204
028 G023600     21041
028 G033600         0
028 G043600    430351
028 H003600     90473
028 A014000     10779
028 A024000         0
028 A034000         0
028 A044000      8863
028 B014000      8264
028 B024000       703
028 B034000         0
028 B044000     10764
028 C014000      8388
      PAGE  9
028 C024000       659
028 C034000         0
028 C044000      6310
028 D014000      6315
028 D024000       637
028 D034000         0
028 D044000     12961
028 E014000     13353
028 E024000       842
028 E034000         0
028 E044000     15141
028 F014000     14361
028 F024000      1316
028 F034000         0
028 F044000     22078
028 G014000     61460
028 G024000      4157
028 G034000         0
028 G044000     76117
028 H004000      6065
029  003500 Y
029  003600 Y
029  004000 Y
030 A003500   4156
030 B003500  5.25
030 C003500  0.00
030 A003600    417
030 B003600  5.25
030 C003600  0.00
030 A004000     62
030 B004000  5.25
030 C004000  0.00
031 A003500    267
031 B003500      0
031 A003600     33
031 B003600      0
031 A004000      4
031 B004000      0
032  003500   3888
032  003600    384
032  004000     58
033  003500      1
033  003600      0
033  004000      0
034  003500 Y
034  003600 Y
034  004000 Y
035  003500    688
035  003600     48
035  004000     13
036 A003500 N
      PAGE  10
036 B003500      0
036 A003600 N
036 B003600      0
036 A004000 N
036 B004000      0
037  003500 N
037  003600 N
037  004000 N
038  003500      0
038  003600      0
038  004000      0
039  003500 N
039  003600 N
039  004000 N
040  003500 Y
040  003600 Y
040  004000 Y
041  003500 Y
041  003600 Y
041  004000 Y
042 A003500   0
042 B003500   0
042 C003500 100
042 D003500   0
042 E003500   0
042 F003500   0
042 G003500   0
042 H003500   0
042 A003600   0
042 B003600   0
042 C003600 100
042 D003600   0
042 E003600   0
042 F003600   0
042 G003600   0
042 H003600   0
042 A004000   0
042 B004000   0
042 C004000 100
042 D004000   0
042 E004000   0
042 F004000   0
042 G004000   0
042 H004000   0
043  003500  12116
043  003600   1600
043  004000     87
044  003500      0
044  003600      0
044  004000      0
045  003500 Y
      PAGE  11
045  003600 Y
045  004000 Y
046  003500 N
046  003600 N
046  004000 N
047  003500 Y
047  003600 Y
047  004000 Y
048  003500  0.000
048 A013500  1000000
048 A023500 0.600
048 B013500  1000000
048 B023500 0.550
048 C013500  1000000
048 C023500 0.525
048 D013500        0
048 D023500 0.000
048 E013500        0
048 E023500 0.000
048 F013500        0
048 F023500 0.000
048 G013500        0
048 G023500 0.000
048 H013500        0
048 H023500 0.000
048 I013500        0
048 I023500 0.000
048 J013500        0
048 J023500 0.000
048 K013500  3000000
048 K023500 0.500
048  003600  0.000
048 A013600  1000000
048 A023600 0.600
048 B013600  1000000
048 B023600 0.550
048 C013600  1000000
048 C023600 0.525
048 D013600        0
048 D023600 0.000
048 E013600        0
048 E023600 0.000
048 F013600        0
048 F023600 0.000
048 G013600        0
048 G023600 0.000
048 H013600        0
048 H023600 0.000
048 I013600        0
048 I023600 0.000
048 J013600        0
      PAGE  12
048 J023600 0.000
048 K013600  3000000
048 K023600 0.500
048  004000  0.000
048 A014000  1000000
048 A024000 0.850
048 B014000  2000000
048 B024000 0.800
048 C014000  2000000
048 C024000 0.770
048 D014000  5000000
048 D024000 0.740
048 E014000        0
048 E024000 0.000
048 F014000        0
048 F024000 0.000
048 G014000        0
048 G024000 0.000
048 H014000        0
048 H024000 0.000
048 I014000        0
048 I024000 0.000
048 J014000        0
048 J024000 0.000
048 K014000 10000000
048 K024000 0.720
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 N
054 N00AA00 N
054 O00AA00 Y
055 A003500 Y
055 B003500 N
055 A003600 Y
      PAGE  13
055 B003600 N
055 A004000 Y
055 B004000 N
056  003500 Y
056  003600 Y
056  004000 Y
057  003500 N
057  003600 N
057  004000 N
058 A003500 N
058 A003600 N
058 A004000 N
059  003500 Y
059  003600 Y
059  004000 Y
060 A003500 N
060 B003500 N
060 A003600 N
060 B003600 N
060 A004000 N
060 B004000 N
061  003500        0
061  003600        0
061  004000        0
062 A003500 N
062 B003500   0.0
062 C003500   0.0
062 D003500   0.0
062 E003500   0.0
062 F003500   0.0
062 G003500   0.0
062 H003500   0.0
062 I003500   0.0
062 J003500   0.0
062 K003500   0.0
062 L003500   0.0
062 M003500   0.0
062 N003500   0.0
062 O003500   0.0
062 P003500   0.0
062 Q003500   0.0
062 R003500   0.0
062 A003600 N
062 B003600   0.0
062 C003600   0.0
062 D003600   0.0
062 E003600   0.0
062 F003600   0.0
062 G003600   0.0
062 H003600   0.0
062 I003600   0.0
      PAGE  14
062 J003600   0.0
062 K003600   0.0
062 L003600   0.0
062 M003600   0.0
062 N003600   0.0
062 O003600   0.0
062 P003600   0.0
062 Q003600   0.0
062 R003600   0.0
062 A004000 N
062 B004000   0.0
062 C004000   0.0
062 D004000   0.0
062 E004000   0.0
062 F004000   0.0
062 G004000   0.0
062 H004000   0.0
062 I004000   0.0
062 J004000   0.0
062 K004000   0.0
062 L004000   0.0
062 M004000   0.0
062 N004000   0.0
062 O004000   0.0
062 P004000   0.0
062 Q004000   0.0
062 R004000   0.0
063 A003500   0
063 B003500  0.0
063 A003600   0
063 B003600  0.0
063 A004000   0
063 B004000  0.0
066 A003500 N
066 A003600 Y
066 B003600 N
066 C003600 N
066 D003600 N
066 E003600 N
066 F003600 Y
066 G003600 N
066 A004000 N
067  003500 Y
067  003600 N
067  004000 Y
068 A003500 N
068 B003500 N
068 A003600 N
068 B003600 Y
068 A004000 N
068 B004000 N
      PAGE  15
069  003500 N
069  003600 N
069  004000 N
070 A013500 Y
070 A023500 N
070 B013500 Y
070 B023500 Y
070 C013500 Y
070 C023500 N
070 D013500 Y
070 D023500 Y
070 E013500 Y
070 E023500 Y
070 F013500 Y
070 F023500 Y
070 G013500 Y
070 G023500 N
070 H013500 Y
070 H023500 N
070 I013500 Y
070 I023500 N
070 J013500 Y
070 J023500 Y
070 K013500 Y
070 K023500 Y
070 L013500 Y
070 L023500 Y
070 M013500 Y
070 M023500 Y
070 N013500 Y
070 N023500 Y
070 O013500 Y
070 O023500 N
070 P013500 Y
070 P023500 Y
070 Q013500 N
070 Q023500 N
070 R013500 N
070 R023500 N
070 A013600 Y
070 A023600 N
070 B013600 Y
070 B023600 N
070 C013600 Y
070 C023600 N
070 D013600 Y
070 D023600 N
070 E013600 Y
070 E023600 N
070 F013600 Y
070 F023600 N
      PAGE  16
070 G013600 Y
070 G023600 N
070 H013600 Y
070 H023600 N
070 I013600 Y
070 I023600 N
070 J013600 Y
070 J023600 N
070 K013600 Y
070 K023600 Y
070 L013600 Y
070 L023600 Y
070 M013600 Y
070 M023600 Y
070 N013600 Y
070 N023600 N
070 O013600 Y
070 O023600 N
070 P013600 Y
070 P023600 N
070 Q013600 N
070 Q023600 N
070 R013600 Y
070 R023600 N
070 A014000 Y
070 A024000 N
070 B014000 Y
070 B024000 Y
070 C014000 Y
070 C024000 N
070 D014000 Y
070 D024000 Y
070 E014000 Y
070 E024000 Y
070 F014000 Y
070 F024000 Y
070 G014000 Y
070 G024000 N
070 H014000 Y
070 H024000 N
070 I014000 Y
070 I024000 N
070 J014000 Y
070 J024000 Y
070 K014000 Y
070 K024000 Y
070 L014000 Y
070 L024000 Y
070 M014000 Y
070 M024000 Y
070 N014000 Y
      PAGE  17
070 N024000 Y
070 O014000 Y
070 O024000 N
070 P014000 Y
070 P024000 Y
070 Q014000 N
070 Q024000 N
070 R014000 N
070 R024000 N
071 A003500   5530360
071 B003500   4617271
071 C003500  11297024
071 D003500   41
071 A003600    291269
071 B003600    183582
071 C003600   2536013
071 D003600    7
071 A004000     98592
071 B004000    100169
071 C004000    162460
071 D004000   61
072 A003500  6
072 B003500   305471
072 C003500    42901
072 D003500        0
072 E003500     2201
072 F003500    35518
072 G003500     3721
072 H003500        0
072 I003500     9555
072 J003500      403
072 K003500        0
072 L003500      126
072 M003500      112
072 N003500      351
072 O003500        0
072 P003500        0
072 Q003500      881
072 R003500       48
072 S003500       88
072 T003500    12116
072 U003500        0
072 V003500        0
072 W003500      277
072 X003500    63196
072 Y003500     3526
072 Z003500   290903
072AA003500   423669
072BB003500   363851
072CC013500        0
072CC023500    12461
      PAGE  18
072DD013500   260794
072DD023500    64607
072EE003500        0
072 A003600  6
072 B003600        0
072 C003600    31808
072 D003600        0
072 E003600        0
072 F003600     7438
072 G003600      770
072 H003600        0
072 I003600     2338
072 J003600       77
072 K003600        0
072 L003600       18
072 M003600       29
072 N003600       94
072 O003600        0
072 P003600        0
072 Q003600      290
072 R003600       30
072 S003600       36
072 T003600     1600
072 U003600       35
072 V003600        0
072 W003600       28
072 X003600    12783
072 Y003600       24
072 Z003600    19049
072AA003600    26975
072BB003600    16752
072CC013600        0
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072DD023600     1797
072EE003600     4648
072 A004000  6
072 B004000     6720
072 C004000     1035
072 D004000        0
072 E004000       19
072 F004000      977
072 G004000       72
072 H004000        0
072 I004000      134
072 J004000       24
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      PAGE  19
072 P004000        0
072 Q004000       32
072 R004000       26
072 S004000       64
072 T004000       87
072 U004000       31
072 V004000        0
072 W004000       37
072 X004000     1597
072 Y004000      462
072 Z004000     6639
072AA004000    12012
072BB004000     7922
072CC014000        0
072CC024000      426
072DD014000     6672
072DD024000      637
072EE004000        0
073 A013500   0.0000
073 A023500   0.0000
073 B003500   0.0000
073 C003500   0.0000
073 A013600   0.0000
073 A023600   0.0000
073 B003600   0.0213
073 C003600   0.0000
073 A014000   0.0000
073 A024000   0.0000
073 B004000   0.0000
073 C004000   0.0000
074 A003500   131320
074 B003500        0
074 C003500        0
074 D003500  9722817
074 E003500  1206393
074 F003500  2368443
074 G003500        0
074 H003500        0
074 I003500  1396875
074 J003500    64619
074 K003500     3192
074 L003500   155707
074 M003500      388
074 N003500 15049754
074 O003500   497180
074 P003500   298416
074 Q003500        0
074 R013500        0
074 R023500        0
074 R033500        0
074 R043500    75478
      PAGE  20
074 S003500        0
074 T003500 14178680
074 U013500  1027561
074 U023500   290705
074 V013500     0.00
074 V023500     0.00
074 W003500   0.0000
074 X003500   438723
074 Y003500  2726862
074 A003600        0
074 B003600        0
074 C003600        0
074 D003600        0
074 E003600        0
074 F003600  2593919
074 G003600        0
074 H003600        0
074 I003600    65446
074 J003600        0
074 K003600       20
074 L003600     9762
074 M003600      125
074 N003600  2669272
074 O003600        0
074 P003600     1915
074 Q003600        0
074 R013600        0
074 R023600        0
074 R033600        0
074 R043600     7054
074 S003600        0
074 T003600  2660303
074 U013600   184598
074 U023600    33488
074 V013600     0.00
074 V023600     0.00
074 W003600   0.0000
074 X003600    85725
074 Y003600        0
074 A004000     5350
074 B004000        0
074 C004000        0
074 D004000   132804
074 E004000    36847
074 F004000    35534
074 G004000        0
074 H004000        0
074 I004000    23231
074 J004000     1578
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      PAGE  21
074 M004000       16
074 N004000   238171
074 O004000    11984
074 P004000      824
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074 R014000        0
074 R024000        0
074 R034000        0
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074 U014000    21355
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074 V014000     0.00
074 V024000     0.00
074 W004000   0.0000
074 X004000     5500
074 Y004000    81690
075 A003500        0
075 B003500 13727468
075 A003600        0
075 B003600  2618281
075 A004000        0
075 B004000   227796
076  003500     0.00
076  003600     0.00
076  004000     0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 Y
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 C00AA00        0
081 B00AA00   0
082 B00AA00        0
083 B00AA00        0
      PAGE  22
084 B00AA00        0
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
SIGNATURE   PETER KENNARD
TITLE       VICE PRESIDENT
 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
Global Allocation Fund (BR_GAF)
BlackRock Global Allocation V.I. Fund (US) (BVA_GAVI)
AZL BlackRock Global Allocation Fund (trading sleeve) 
(E_AZ-GA)
JNL/BlackRock Global Allocation Fund (trading sleeve) 
(E_JN-GA)
MassMutual Select BlackRock Global Allocation Fund (Trading 
Sleeve) (E_MM-GA)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)
Transamerica BlackRock Global Allocation VP - Trading 
Sleeve (SMF_TA-GA)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
09-14-2016

Security Type:
BND/CORP


Issuer
Activision Blizzard, Inc. (2021)

Selling 
Underwriter 
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC,
[ ] Other:  

List of 
Underwriter(s)

BofA Merrill Lynch, J.P. Morgan, Wells 
Fargo Securities, Mizuho Securities, MUFG, 
SunTrust Robinson Humphrey, BMO Capital 
Markets, Citigroup, Goldman,Sachs & Co., 
US Bancorp, Barclays, PNC Capital Markets 
LLC, Academy Securities


   


Transaction Details

Date of Purchase
09-14-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.878

Total 
Commission, 
Spread or 
Profit
0.600%


1.	Aggregate Principal Amount Purchased 
(a+b)
$25,780,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$14,715,000

b. Other BlackRock Clients
$11,065,000

2.	Aggregate Principal Amount of 
Offering
$650,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.03966


Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dillip Behera
Date:
09-19-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
09-19-2016

Global Syndicate Team Member






 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
BlackRock Alternative Strategies Fund - Trading Account 
(ACS-TRD)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)
JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC)


The Offering

Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
09-14-2016

Security Type:
BND/CORP


Issuer
Activision Blizzard, Inc. (2026)

Selling 
Underwriter 
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC,
[ ] Other: 

List of 
Underwriter(s)

BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities, 
Mizuho Securities, MUFG, SunTrust Robinson 
Humphrey, BMO CapitalMarkets,
Citigroup, Goldman,Sachs & Co., 
US Bancorp, Barclays,
PNC Capital Markets LLC, Academy Securities

Transaction Details
Date of Purchase
09-14-2016

Purchase 
Price/Share
(per share / % 
of par)
$99.614

Total 
Commission, 
Spread or 
Profit
0.650%


1.	Aggregate Principal Amount Purchased 
(a+b)
$50,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$8,895,000

b. Other BlackRock Clients
$41,105,000

2.	Aggregate Principal Amount of 
Offering
$850,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.05882


Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement
 under which the underwriters were committed to 
purchase all of the securities being offered, except 
those purchased by others pursuant to a rights 
offering, if the underwriters purchased any of the 
securities.

No Benefit to Affiliated Underwriter (check ONE)
[x] YES
[ ] NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dillip Behera
Date:
09-19-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
09-19-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Credit Allocation Income Trust (Preferred Sleeve) 
(BTZ-PREF)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
09-22-2016

Security Type:
BND/CORP


Issuer
Alcoa Nederland Holding B.V. (2024)

Selling 
Underwriter 
Morgan Stanley & Co. LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC,
[ ] Other:  
List of 
Underwriter(s)
Morgan Stanley & Co. LLC, J.P. Morgan 
Securities LLC, Citigroup Global Markets 
Inc., Credit Suisse Securities (USA) LLC, 
ABN AMRO Securities (USA) LLC, BBVA 
Securities Inc., BNP Paribas Securities 
Corp., Banco Bradesco BBI S.A., Merrill 
Lynch, Pierce, Fenner & Smith 
Incorporated, Deutsche Bank Securities 
Inc., Goldman, Sachs & Co., MUFG 
Securities Americas Inc., SMBC Nikko 
Securities America, Inc., SunTrust 
Robinson Humphrey, Inc., ANZ Securities, 
Inc., BNY Mellon Capital Markets, LLC, PNC 
Capital Markets LLC, RBC Capital Markets, 
LLC, Scotia Capital (USA) Inc., The 
Williams Capital Group, L.P.
  

Transaction Details
Date of Purchase
09-22-2016


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
1.750%


1.	Aggregate Principal Amount Purchased 
(a+b)
$20,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$11,718,000

b. Other BlackRock Clients
$8,282,000

2.	Aggregate Principal Amount of 
Offering
$750,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25 

0.02666




Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
10-20-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
10-20-2016

Global Syndicate Team Member

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Credit Allocation Income Trust (Preferred Sleeve) 
(BTZ-PREF)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)



The Offering

Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
09-22-2016

Security Type:
BND/CORP


Issuer
Alcoa Nederland Holding B.V. (2026)

Selling 
Underwriter 
Morgan Stanley & Co. LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC,
[ ] Other:  

List of 
Underwriter(s)
Morgan Stanley & Co. LLC, J.P. Morgan 
Securities LLC, Citigroup Global Markets 
Inc., Credit Suisse Securities (USA) LLC, 
ABN AMRO Securities (USA) LLC, BBVA 
Securities Inc., BNP Paribas Securities 
Corp., Banco Bradesco BBI S.A., Merrill 
Lynch, Pierce, Fenner & Smith 
Incorporated, Deutsche Bank Securities 
Inc., Goldman, Sachs & Co., MUFG 
Securities Americas Inc., SMBC Nikko 
Securities America, Inc., SunTrust 
Robinson Humphrey, Inc., ANZ Securities, 
Inc., BNY Mellon Capital Markets, LLC, PNC 
Capital Markets LLC, RBC Capital Markets, 
LLC, Scotia Capital (USA) Inc., The 
Williams Capital Group, L.P.


   



Transaction Details
Date of Purchase
09-22-2016


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
1.750%


1.	Aggregate Principal Amount Purchased 
(a+b)
$20,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$11,005,000

b. Other BlackRock Clients
$8,995,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.04



Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
10-20-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
10-20-2016

Global Syndicate Team Member







 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
BlackRock Alternative Strategies Fund - Trading Account 
(ACS-TRD)
BlackRock Multi Asset Income - Passive Fixed Income 
Portfolio (BR-INC-PFI)



The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
08-15-2016

Security Type:
BND/CORP


Issuer
American Financial Group, Inc. (2026)

Selling 
Underwriter 
J.P. Morgan Securities LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
J.P. Morgan Securities LLC, Merrill Lynch, 
Pierce, Fenner & Smith Incorporated, Wells 
Fargo Securities, LLC, Barclays Capital 
Inc., BB&T Capital Markets, a division of 
BB&T Securities, LLC, KeyBanc Capital 
Markets Inc., MUFG Securities Americas 
Inc., PNC Capital Markets LLC, The 
Huntington Investment Company, U.S. 
Bancorp Investments, Inc.

Transaction Details

Date of Purchase
08-15-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.608

Total 
Commission, 
Spread or 
Profit
0.650%


1.	Aggregate Principal Amount Purchased 
(a+b)
$20,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$3,250,000

b. Other BlackRock Clients
$16,750,000

2.	Aggregate Principal Amount of 
Offering
$300,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.06667



Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement
 under which the underwriters were committed to 
purchase all of the securities being offered, except 
those purchased by others pursuant to a rights 
offering, if the underwriters purchased any of the 
securities.


No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
08-17-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
08-17-2016

Global Syndicate Team Member








 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Managed Income - Investment Grade Portfolio (BR-
IG)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)



The Offering

Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
11-30-2016

Security Type:
BND/CORP


Issuer
Analog Devices, Inc.  (2023)


Selling 
Underwriter 
Credit Suisse Securities (USA) LLC
Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
J.P. Morgan Securities LLC, Merrill Lynch, 
Pierce, Fenner & Smith Incorporated, 
Credit Suisse Securities (USA) LLC, MUFG 
Securities Americas Inc., Wells Fargo 
Securities, LLC, PNC Capital Markets LLC, 
SMBC Nikko Securities America, Inc., BMO 
Capital Markets Corp., BNY Mellon Capital 
Markets, LLC, TD Securities (USA) LLC, 
Fifth Third Securities, Inc., Deutsche 
Bank Securities Inc., HSBC Securities 
(USA) Inc.
 


Transaction Details
Date of Purchase
11-30-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.639

Total 
Commission, 
Spread or 
Profit
0.625%


1.	Aggregate Principal Amount Purchased 
(a+b)
$60,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$1,130,000

b. Other BlackRock Clients
$58,870,000

2.	Aggregate Principal Amount of 
Offering
$550,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.10909


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
12-05-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
12-05-2016

Global Syndicate Team Member











 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
AZL Enhanced Bond Index Fund (AZ-CORE)
BlackRock Allocation Target Shares: Series C Portfolio 
(BATSC)
BlackRock Core Bond Trust (BHK)
BlackRock Multi-Sector Income Trust (BIT)
BlackRock Limited Duration Income Trust (BLW)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
BlackRock Low Duration Bond Portfolio (BR-LO)
BlackRock Credit Strategies Income - Investment Grade (BR-
MSBIG)
Strategic Income Opportunities Fund (BR-SIP)
BlackRock Strategic Global Bond Fund, Inc. (BR-WI)
Consulting Group Capital Markets Funds (CG-CGCM)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)
Advanced Series Trust - AST BlackRock Low Duration Bond 
Portfolio (SMF_PRULO)
UBS PACE Intermediate Fixed Income Investments Portfolio 
(UBS-PACE)

The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
11-30-2016

Security Type:
BND/CORP

Issuer
Analog Devices, Inc.  (2026)

Selling 
Underwriter 
Credit Suisse Securities (USA) LLC

Affiliated 
Underwriter(s)

[x] PNC Capital Markets LLC
[x] Other:  MUFG Securities Americas Inc. for CG-CGCM

List of 
Underwriter(s)
J.P. Morgan Securities LLC, Merrill Lynch, 
Pierce, Fenner & Smith Incorporated, 
Credit Suisse Securities (USA) LLC, MUFG 
Securities Americas Inc., Wells Fargo 
Securities, LLC, PNC Capital Markets LLC, 
SMBC Nikko Securities America, Inc., BMO 
Capital Markets Corp., BNY Mellon Capital 
Markets, LLC, TD Securities (USA) LLC, 
Fifth Third Securities, Inc., Deutsche 
Bank Securities Inc., HSBC Securities 
(USA) Inc.

Transaction Details
Date of Purchase
11-30-2016

Purchase 
Price/Share
(per share / % 
of par)
$99.366

Total 
Commission, 
Spread or 
Profit
0.650%

1.	Aggregate Principal Amount Purchased 
(a+b)
$80,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$17,506,000

b. Other BlackRock Clients
$62,494,000

2.	Aggregate Principal Amount of 
Offering
$900,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.08888



Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement 
under which the underwriters were committed to 
purchase all of the securities being offered, except 
those purchased by others pursuant to a rights 
offering, if the underwriters purchased any of the 
securities.


No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly 
or indirectly from, the transaction.




Completed by:
Dipankar Banerjee
Date:
12-05-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
12-05-2016

Global Syndicate Team Member











 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock Credit Allocation Income Trust (Preferred Sleeve) 
(BTZ-PREF)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)



The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
08-02-2016

Security Type:
BND/CORP


Issuer
Axalta Coating Systems, LLC (2024)

Selling 
Underwriter 
Barclays Capital Inc.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Barclays Capital Inc., Deutsche Bank 
Securities Inc, Goldman, Sachs & Co., 
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated, Citigroup Global Markets 
Inc, Credit Suisse Securities (USA) LLC, 
J.P. Morgan Securities LLC, PNC Capital 
Markets LLC, SunTrust Robinson Humphrey, 
Inc


Transaction Details
Date of Purchase
08-02-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.591

Total 
Commission, 
Spread or 
Profit
1.50%


1.	Aggregate Principal Amount Purchased 
(a+b)
$40,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$22,612,000

b. Other BlackRock Clients
$17,388,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.08



Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
08-09-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
08-09-2016

Global Syndicate Team Member

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Intermediate Credit Bond ETF (ISHICRED)
BlackRock Multi Asset Income - Passive Fixed Income 
Portfolio (BR-INC-PFI)
Strategic Income Opportunities Fund (BR-SIP)
Consulting Group Capital Markets Funds (CG-CGCM)
UBS PACE Intermediate Fixed Income Investments Portfolio 
(UBS-PACE)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
08-03-2016

Security Type:
BND/CORP


Issuer
Barclays PLC (2021)

Selling 
Underwriter 
Barclays Capital Inc.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Barclays Capital Inc., ABN AMRO Securities 
(USA) LLC, BBVA Securities Inc., Blaylock 
Beal Van, LLC, BMO Capital Markets Corp., 
CastleOak Securities, L.P., MFR 
Securities, Inc., Mizuho Securities USA 
Inc., MUFG Securities Americas Inc., 
Multi-Bank Securities, Inc., PNC Capital 
Markets LLC, Regions Securities LLC, 
Scotia Capital (USA) Inc., SMBC Nikko 
Securities America, Inc., Societe 
Generale, TD Securities (USA) LLC, U.S. 
Bancorp Investments, Inc., Wells Fargo 
Securities, LLC


Transaction Details
Date of Purchase
08-03-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.936

Total 
Commission, 
Spread or 
Profit
0.325%


1.	Aggregate Principal Amount Purchased 
(a+b)
$108,630,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$16,910,000
b. Other BlackRock Clients
$91,720,000

2.	Aggregate Principal Amount of 
Offering
$1,350,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.08046


Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
08-08-2016

Global Syndicate Team Member




Approved by:
Steven Delaura
Date:
08-08-2016

Global Syndicate Team Member

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
AZL Enhanced Bond Index Fund (AZ-CORE)
BlackRock Allocation Target Shares: Series S Portfolio 
(BATSS)
BlackRock Multi-Asset Income - Investment Grade Portfolio 
(BR-INC-IG)
BlackRock Low Duration Bond Portfolio (BR-LO)
Strategic Income Opportunities Fund (BR-SIP)
BlackRock Strategic Global Bond Fund, Inc. (BR-WI)
Consulting Group Capital Markets Funds (CG-CGCM)
GuideStone Funds Low Duration Bond Fund (GUIDE)
Advanced Series Trust - AST BlackRock Low Duration Bond 
Portfolio (SMF_PRULO)
UBS PACE Intermediate Fixed Income Investments Portfolio 
(UBS-PACE)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
01-03-2017

Security Type:
BND/CORP


Issuer
Barclays PLC (2023)

Selling 
Underwriter 
Barclays Capital Inc.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Barclays Capital Inc., BB&T Capital 
Markets, a division of BB&T Securities, 
LLC, BBVA Securities Inc., BNP Paribas 
Securities Corp., BNY Mellon Capital 
Markets, LLC, CIBC World Markets Corp., 
Credit Suisse Securities (USA) LLC, Great 
Pacific Securities, ING Financial Markets 
LLC, Lebenthal & Co, LLC., Mizuho 
Securities USA Inc., PNC Capital Markets 
LLC, Regions Securities LLC, Scotia 
Capital (USA) Inc., Skandinaviska Enskilda 
Banken AB (publ), SMBC Nikko Securities 
America, Inc., Standard Chartered Bank, 
SunTrust Robinson Humphrey, Inc., Telsey 
Advisory Group LLC, U.S. Bancorp 
Investments, Inc., Wells Fargo Securities, 
LLC
 


Transaction Details
Date of Purchase
01-03-2017


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
0.325%


1.	Aggregate Principal Amount Purchased 
(a+b)
$125,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$36,498,000

b. Other BlackRock Clients
$88,502,000

2.	Aggregate Principal Amount of 
Offering
$1,500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.08333



Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement 
under which the underwriters were committed to 
purchase all of the securities being offered, except 
those purchased by others pursuant to a rights 
offering, if the underwriters purchased any of the 
securities.


No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
01-05-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-05-2017

Global Syndicate Team 
Member













 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
AZL Enhanced Bond Index Fund (AZ-CORE)
BlackRock Multi Asset Income - Passive Fixed Income 
Portfolio (BR-INC-PFI)
UBS PACE Intermediate Fixed Income Investments Portfolio 
(UBS-PACE)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
08-08-2016

Security Type:
BND/CORP


Issuer
Boston Properties Limited Partnership 
(2026)

Selling 
Underwriter 
J.P. Morgan Securities LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Deutsche Bank Securities Inc., J.P. Morgan 
Securities LLC, Merrill Lynch, Pierce, 
Fenner & Smith Incorporated, Morgan 
Stanley & Co. LLC, U.S. Bancorp 
Investments, Inc., Citigroup Global 
Markets Inc., Wells Fargo Securities, LLC, 
BNY Mellon Capital Markets, LLC, MUFG 
Securities Americas, Inc., PNC Capital 
Markets LLC, Scotia Capital (USA) Inc., 
SunTrust Robinson Humphrey, Inc., TD 
Securities (USA) LLC


Transaction Details
Date of Purchase
08-08-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.271

Total 
Commission, 
Spread or 
Profit
0.650%


1.	Aggregate Principal Amount Purchased 
(a+b)
$51,035,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$2,270,000

b. Other BlackRock Clients
$48,765,000

2.	Aggregate Principal Amount of 
Offering
$1,000,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.05103



Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
08-12-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
08-12-2016

Global Syndicate Team Member







 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares U.S. Credit Bond ETF (ISHCRED)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Intermediate Credit Bond ETF (ISHICRED)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
CoreAlpha Bond Master Portfolio (MIP_CORA)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
10-27-2016

Security Type:
BND/CORP


Issuer
Buckeye Partners, L.P.  (2026)
Selling 
Underwriter 
Barclays Capital Inc.,

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Barclays Capital Inc., J.P. Morgan 
Securities LLC, SunTrust Robinson 
Humphrey, Inc., Wells Fargo 
Securities, LLC, BNP Paribas Securities 
Corp., Deutsche Bank Securities Inc., PNC 
Capital Markets LLC, SMBC Nikko Securities 
America, Inc., BB&T Capital Markets, a 
division of BB&T Securities, LLC, Morgan 
Stanley & Co. LLC
 


Transaction Details
Date of Purchase
10-27-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.644

Total 
Commission, 
Spread or 
Profit
0.650%


1.	Aggregate Principal Amount Purchased 
(a+b)
$25,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$1,900,000

b. Other BlackRock Clients
$23,100,000

2.	Aggregate Principal Amount of 
Offering
$600,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.04167



Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
11-02-2016

Global Syndicate Team 
Member




Approved by:
Steven DeLaura
Date:
11-02-2016

Global Syndicate Team 
Member







 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Strategic Municipal Opportunities Fund of 
BlackRock Series Trust (BR-SMO-IG)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
01-11-2017

Security Type:
BND/MUNI


Issuer
Chicago Transit Authority Second ien Sales 
Tax Receipts revenue Bonds

Selling 
Underwriter 
Loop Capital Markets LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Loop Capital Markets LLC, Merrill Lynch, 
Pierce, Fenner & Smith Incorporated, 
Cabrera Capital Markets, LLC, Barclays 
Capital Inc., Estrada Hinojosa & Company, 
Fifth Third Securities, Inc., J.J.B. 
Hilliard, W.L. Lyons, LLC, North South 
Capital LLC, PNC Capital Markets LLC, The 
Williams Capital Group, L.P.


Transaction Details
Date of Purchase
01-11-2017


Purchase 
Price/Share
(per share / % 
of par)
$105.733
$106.978

Total 
Commission, 
Spread or 
Profit
0.549%


1.	Aggregate Principal Amount Purchased 
(a+b)
$20,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$20,000,000

b. Other BlackRock Clients
N/A

2.	Aggregate Principal Amount of 
Offering
$296,220,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.06751


Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[x] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
01-23-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-23-2017

Global Syndicate Team Member










 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings
Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
09-16-2016

Security Type:
BND/CORP


Issuer
Cincinnati Bell Inc. (2024)

Selling 
Underwriter 
Morgan Stanley & Co. LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Morgan Stanley & Co. LLC, Citigroup Global 
Markets Inc., Goldman, Sachs & Co., PNC 
Capital Markets LLC, Regions Securities 
LLC, Barclays Capital Inc., Citizens 
Capital Markets, Inc.

Transaction Details
Date of Purchase
09-16-2016


Purchase 
Price/Share
(per share / % 
of par)
$100.00

Total 
Commission, 
Spread or 
Profit
1.25%


1.	Aggregate Principal Amount Purchased 
(a+b)
$50,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$27,211,000

b. Other BlackRock Clients
$22,789,000

2.	Aggregate Principal Amount of 
Offering
$425,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.11765


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dillip Behera
Date:
09-20-2016

Global Syndicate Team 
Member




Approved by:
Steven DeLaura
Date:
09-20-2016

Global Syndicate Team 
Member







 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
iShares Core 1-5 Year USD Bond ETF (ISHISTB)
BlackRock Allocation Target Shares: Series S Portfolio 
(BATSS)
BlackRock Balanced Capital Portfolio (FI) (BCS_F)
BlackRock Core Bond Portfolio (BR-CORE)
BlackRock Multi-Asset Income - Investment Grade Portfolio 
(BR-INC-IG)
Strategic Income Opportunities Fund (BR-SIP)
BlackRock Total Return V.I. Portfolio (Ins - Var Ser) (BVA-
BF)
BlackRock Total Return Portfolio (Ins - Series) (BVA-TR)
Metropolitan Series Fund, Inc.- BlackRock Bond Income 
Portfolio (MET-BI)
Master Total Return Portfolio of Master Bond LLC (MF-BOND)
Advanced Series Trust - AST BlackRock/Loomis Sayles Bond 
Portfolio (SMF_PRUTR)



The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
12-01-2016

Security Type:
BND/CORP


Issuer
Citigroup Inc. (2021)

Selling 
Underwriter 
Citigroup Global Markets Inc.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Citigroup Global Markets Inc., 
Commonwealth Bank of Australia, Credit 
Suisse Securities (USA) LLC, Deutsche Bank 
Securities Inc., Mizuho Securities USA 
Inc., MUFG Securities Americas Inc., PNC 
Capital Markets LLC, RBC Capital Markets, 
LLC, SG Americas Securities, LLC, 
Skandinaviska Enskilda Banken AB (publ), 
TD Securities (USA) LLC, UniCredit Capital 
Markets LLC, ABN AMRO Securities (USA) 
LLC, Academy Securities, Inc., Blaylock 
Beal Van, LLC, BMO Capital Markets Corp., 
C.L. King & Associates, Inc., Capital One 
Securities, Inc., CastleOak Securities, 
L.P., Danske Markets Inc., Great Pacific 
Securities, HSBC Securities (USA) Inc., 
ING Financial Markets LLC, Lebenthal & 
Co., LLC, Loop Capital Markets LLC, 
Mischler Financial Group, Inc., Multi-Bank 
Securities, Inc., nabSecurities, LLC, 
Regions Securities LLC, Samuel A. Ramirez 
& Company, Inc., Scotia Capital (USA) 
Inc., SMBC Nikko Securities America, Inc., 
SunTrust Robinson Humphrey, Inc., U.S. 
Bancorp Investments, Inc., Wells Fargo 
Securities, LLC
 


Transaction Details
Date of Purchase
12-01-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.829

Total 
Commission, 
Spread or 
Profit
0.325%


1.	Aggregate Principal Amount Purchased 
(a+b)
$319,120,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$214,180,000

b. Other BlackRock Clients
$104,940,000

2.	Aggregate Principal Amount of 
Offering
$2,250,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.14183


Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
12-05-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
12-05-2016

Global Syndicate Team 
Member






 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Global High Yield Corporate Bond ETF (ISHGHYG)
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
iShares Core Total USD Bond Market ETF (ISHIUSB)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
12-13-2016

Security Type:
BND/CORP


Issuer
Concho Resources Inc.  (2025)

Selling 
Underwriter 
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated, J.P. Morgan Securities LLC, 
Wells Fargo Securities, LLC, Barclays 
Capital Inc., BMO Capital Markets Corp., 
Capital One Securities, Inc., Citigroup 
Global Markets Inc., ING Financial Markets 
LLC, MUFG Securities Americas Inc., U.S. 
Bancorp Investments, Inc., BBVA Securities 
Inc., CIBC World Markets Corp., Comerica 
Securities, Inc., Credit Suisse Securities 
(USA) LLC, DNB Markets, Inc., KeyBanc 
Capital Markets Inc., Natixis Securities 
Americas LLC, PNC Capital Markets LLC, RBC 
Capital Markets, LLC, SG Americas 
Securities, LLC, SMBC Nikko Securities 
America, Inc., BB&T Capital Markets, a 
division of BB&T Securities, LLC, SunTrust 
Robinson Humphrey, Inc.
 

Transaction Details
Date of Purchase
12-13-2016


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
1.125%


1.	Aggregate Principal Amount Purchased 
(a+b)
$16,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$10,000,000

b. Other BlackRock Clients
$6,000,000

2.	Aggregate Principal Amount of 
Offering
$600,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.02666


Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
12-21-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
12-21-2016

Global Syndicate Team Member

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares 1-3 Year Credit Bond ETF (ISHCRED1-3)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
AZL Enhanced Bond Index Fund (AZ-CORE)
BlackRock Allocation Target Shares: Series C Portfolio 
(BATSC)
BlackRock Balanced Capital Portfolio (FI) (BCS_F)
BlackRock Core Bond Portfolio (BR-CORE)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
Strategic Income Opportunities Fund (BR-SIP)
BlackRock Strategic Global Bond Fund, Inc. (BR-WI)
BlackRock Macro Themes Fund - Fixed Income Sleeve (BRMT-FI)
BlackRock Total Return V.I. Portfolio (Ins - Var Ser) (BVA-
BF)
BlackRock Total Return Portfolio (Ins - Series) (BVA-TR)
Metropolitan Series Fund, Inc.- BlackRock Bond Income 
Portfolio (MET-BI)
Master Total Return Portfolio of Master Bond LLC (MF-BOND)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)
Advanced Series Trust - AST BlackRock/Loomis Sayles Bond 
Portfolio (SMF_PRUTR)
UBS PACE Intermediate Fixed Income Investments Portfolio 
(UBS-PACE)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
08-22-2016

Security Type:
BND/CORP


Issuer
Crown Castle International Corp. (2021)

Selling 
Underwriter 
Citigroup Global Markets Inc.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Citigroup Global Markets Inc., Fifth Third 
Securities, Inc., Merrill Lynch, Pierce, 
Fenner & Smith Incorporated, MUFG 
Securities Americas Inc., SMBC Nikko 
Securities America, Inc., Barclays Capital 
Inc., Credit Agricole Securities (USA) 
Inc., J.P. Morgan Securities LLC, Mizuho 
Securities USA Inc., Morgan Stanley & Co. 
LLC, RBC Capital Markets, LLC, SunTrust 
Robinson Humphrey, Inc., TD Securities 
(USA) LLC, Citizens Capital Markets, Inc., 
SG Americas Securities, LLC, Wells Fargo 
Securities, LLC, PNC Capital Markets LLC


Transaction Details
Date of Purchase
08-22-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.972

Total 
Commission, 
Spread or 
Profit
0.600%


1.	Aggregate Principal Amount Purchased 
(a+b)
$70,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$20,869,000

b. Other BlackRock Clients
$49,131,000

2.	Aggregate Principal Amount of 
Offering
$700,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.10


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
08-24-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
08-24-2016

Global Syndicate Team Member







 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Government/Credit Bond ETF (ISHGOVCR)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
10-04-2016

Security Type:
BND/CORP


Issuer
ERP Operating Limited Partnership (2026)

Selling 
Underwriter 
RBC Capital Markets, LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other: 
 
List of 
Underwriter(s)
Barclays Capital Inc., Deutsche Bank 
Securities Inc., RBC Capital Markets, LLC, 
UBS Securities LLC, PNC Capital Markets 
LLC, Regions Securities LLC, Scotia 
Capital (USA) Inc., SunTrust Robinson 
Humphrey, Inc., U.S. Bancorp Investments, 
Inc., BB&T Capital Markets, a division of 
BB&T Securities, LLC, BBVA Securities 
Inc., Fifth Third Securities, Inc., SMBC 
Nikko Securities America, Inc.



Transaction Details
Date of Purchase
10-04-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.341

Total 
Commission, 
Spread or 
Profit
0.650%


1.	Aggregate Principal Amount Purchased 
(a+b)
$35,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$4,545,000

b. Other BlackRock Clients
$30,455,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.07


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dillip Behera
Date:
10-10-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
10-10-2016

Global Syndicate Team Member






 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings
Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Global High Yield Corporate Bond ETF (ISHGHYG)
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
iShares Core Total USD Bond Market ETF (ISHIUSB)
BlackRock Floating Rate Income Trust (BGT2)
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Defined Opportunity Credit Trust (BHL)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Limited Duration Income Trust - Bank Loans (BLW-
LOAN)
BlackRock Floating Rate Income Portfolio (BR-FRI)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock Credit Allocation Income Trust (Preferred Sleeve) 
(BTZ-PREF)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)
JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC)



The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
12-15-2016

Security Type:
BND/CORP


Issuer
Gulfport Energy Corporation (2025)

Selling 
Underwriter 
Credit Suisse Securities (USA) LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Credit Suisse Securities (USA) LLC, Scotia 
Capital (USA) Inc., Barclays Capital Inc, 
KeyBanc Capital Markets Inc., PNC Capital 
Markets LLC, Wells Fargo Securities, LLC, 
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated, Morgan Stanley & Co. LLC, 
BBVA Securities Inc., U.S. Bancorp 
Investments, Inc., IBERIA Capital Partners 
L.L.C., Samuel A. Ramirez & Company, Inc., 
BOK Financial Securities, Inc.
 


Transaction Details
Date of Purchase
12-15-2016


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
1.440%


1.	Aggregate Principal Amount Purchased 
(a+b)
$50,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$28,362,000

b. Other BlackRock Clients
$21,638,000

2.	Aggregate Principal Amount of 
Offering
$600,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.08333


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.



Completed by:
Dipankar Banerjee
Date:
12-21-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
12-21-2016

Global Syndicate Team Member












 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
BlackRock Floating Rate Income Trust (BGT2)
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Defined Opportunity Credit Trust (BHL)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Limited Duration Income Trust - Bank Loans (BLW-
LOAN)
BlackRock Floating Rate Income Portfolio (BR-FRI)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock Credit Allocation Income Trust (Preferred Sleeve) 
(BTZ-PREF)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Floating Rate Income Strategies Fund, Inc. (FRA)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
10-06-2016

Security Type:
BND/CORP


Issuer
Gulfport Energy Corporation. (2024)

Selling 
Underwriter 
Credit Suisse Securities (USA) LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Credit Suisse Securities (USA) LLC., 
Scotia Capital (USA) Inc., Barclays 
Capital Inc, KeyBanc Capital Markets 
Inc,Wells Fargo Securities,LLC,BNP Paribas 
Securities Corp,BBVA Securities Inc,PNC 
Capital Markets LLC,U.S. Bancorp 
Investments,Inc,IBERIA Capital Partners 
L.L.C,Samuel A. Ramirez & Company,Inc.


   


Transaction Details

Date of Purchase
10-06-2016


Purchase 
Price/Share
(per share / % 
of par)
$100.00

Total 
Commission, 
Spread or 
Profit
1.43625%



1.	Aggregate Principal Amount Purchased 
(a+b)
$35,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$17,753,000

b. Other BlackRock Clients
$17,247,000

2.	Aggregate Principal Amount of 
Offering
$650,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.05385


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dillip Behera
Date:
10-13-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
10-13-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
Multimanager Core Bond Portfolio (AXA-VIP)
AZL Enhanced Bond Index Fund (AZ-CORE)
BlackRock Allocation Target Shares: Series C Portfolio 
(BATSC)
BlackRock Balanced Capital Portfolio (FI) (BCS_F)
BlackRock Core Bond Portfolio (BR-CORE)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
BlackRock Strategic Global Bond Fund, Inc. (BR-WI)
BlackRock Total Return V.I. Portfolio (Ins - Var Ser) (BVA-
BF)
BlackRock Total Return Portfolio (Ins - Series) (BVA-TR)
Consulting Group Capital Markets Funds (CG-CGCM)
Metropolitan Series Fund, Inc.- BlackRock Bond Income 
Portfolio (MET-BI)
Master Total Return Portfolio of Master Bond LLC (MF-BOND)
CoreAlpha Bond Master Portfolio (MIP_CORA)
Advanced Series Trust - AST BlackRock/Loomis Sayles Bond 
Portfolio (SMF_PRUTR)
UBS PACE Intermediate Fixed Income Investments Portfolio 
(UBS-PACE)


The Offering

Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
01-25-2017

Security Type:
BND/CORP


Issuer
JPMorgan Chase & Co. (2028)

Selling 
Underwriter 
J.P. Morgan Securities LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
J.P. Morgan Securities LLC, ABN AMRO 
Securities (USA) LLC, BMO Capital Markets 
Corp., Commonwealth Bank of Australia, 
Citizens Capital Markets, Capital One 
Securities, Inc., Fifth Third Securities, 
Inc., ING Financial Markets LLC, Lloyds 
Securities Inc, Mizuho Securities USA 
Inc., PNC Capital Markets LLC, RBS 
Securities Inc., SG Americas Securities, 
LLC, Santander Investment Securities Inc., 
Skandinaviska Enskilda Banken AB (publ), 
Standard Chartered Bank, Scotia Capital 
(USA) Inc., SunTrust Robinson Humphrey, 
Inc., TD Securities (USA) LLC, UniCredit 
Capital Markets LLC, Academy Securities, 
Inc., Samuel A. Ramirez & Company, Inc., 
The Williams Capital Group, L.P.

 

Transaction Details

Date of Purchase
01-25-2017


Purchase 
Price/Share
(per share / % 
of par)
$100.00

Total 
Commission, 
Spread or 
Profit
0.450%


1.	Aggregate Principal Amount Purchased 
(a+b)
$296,486,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$62,260,000

b. Other BlackRock Clients
$234,226,000

2.	Aggregate Principal Amount of 
Offering
$2,750,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.10781


Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
01-30-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-30-2017

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Global High Yield Corporate Bond ETF (ISHGHYG)
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF 
(ISHHYXE)
iShares Core 1-5 Year USD Bond ETF (ISHISTB)
iShares Core Total USD Bond Market ETF (ISHIUSB)
iShares 0-5 Year High Yield Corporate Bond ETF (ISHSHYG)
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
GuideStone Funds Low Duration Bond Fund (GUIDE)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
01-05-2017

Security Type:
BND/CORP


Issuer
Lennar Corporation (2022)

Selling 
Underwriter 
J.P. Morgan Securities LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
J.P. Morgan Securities LLC, Deutsche Bank 
Securities Inc., Merrill Lynch, Pierce, 
Fenner & Smith Incorporated, Mizuho 
Securities USA Inc., Goldman, Sachs & Co., 
RBC Capital Markets, LLC, Wells Fargo 
Securities, LLC, PNC Capital Markets LLC, 
TD Securities (USA) LLC

 

Transaction Details

Date of Purchase
01-05-2017


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
0.650%


1.	Aggregate Principal Amount Purchased 
(a+b)
$35,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$22,075,000

b. Other BlackRock Clients
$12,925,000

2.	Aggregate Principal Amount of 
Offering
$600,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.05833


Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
01-10-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-10-2017

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)


The Offering
Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
10-25-2016

Security Type:
BND/CORP


Issuer
Lennox International Inc. (2023)

Selling 
Underwriter 
J.P. Morgan Securities LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
J.P. Morgan Securities LLC, Wells Fargo 
Securities, LLC, Merrill Lynch, Pierce, 
Fenner & Smith Incorporated, MUFG 
Securities Americas Inc., PNC Capital 
Markets LLC, U.S. Bancorp Investments, 
Inc., BB&T Capital Markets, a division of 
BB&T Securities, LLC, Regions Securities 
LLC

 

Transaction Details
Date of Purchase
10-25-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.943

Total 
Commission, 
Spread or 
Profit
0.625%


1.	Aggregate Principal Amount Purchased 
(a+b)
$20,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$2,840,000

b. Other BlackRock Clients
$17,160,000

2.	Aggregate Principal Amount of 
Offering
$350,000,000
Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.05714

Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
10-31-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
10-31-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
BlackRock Alternative Strategies Fund - Trading Account 
(ACS-TRD)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
11-16-2016

Security Type:
BND/CORP


Issuer
Mastercard Incorporated (2026)

Selling 
Underwriter 
Citigroup Global Markets Inc.,

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Citigroup Global Markets Inc., HSBC 
Securities (USA) Inc., Merrill Lynch, 
Pierce, Fenner & Smith Incorporated, 
Mizuho Securities USA Inc., U.S. Bancorp 
Investments, Inc., Barclays Capital Inc., 
Goldman, Sachs & Co., Lloyds Securities 
Inc., Morgan Stanley & Co. LLC, MUFG 
Securities Americas Inc., RBS Securities 
Inc., Loop Capital Markets LLC, PNC 
Capital Markets LLC, Santander Investment 
Securities Inc., Standard Chartered Bank, 
Blaylock Beal Van, LLC, Drexel Hamilton, 
LLC, Lebenthal & Co., LLC, Samuel A. 
Ramirez & Company, Inc., The Williams 
Capital Group, L.P.


 

Transaction Details

Date of Purchase
11-16-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.819

Total 
Commission, 
Spread or 
Profit
0.600%


1.	Aggregate Principal Amount Purchased 
(a+b)
$75,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$6,060,000

b. Other BlackRock Clients
$68,940,000

2.	Aggregate Principal Amount of 
Offering
$750,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.10



Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
11-18-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
11-18-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
iShares Core 1-5 Year USD Bond ETF (ISHISTB)
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
BlackRock Alternative Strategies Fund - Trading Account 
(ACS-TRD)
AZL Enhanced Bond Index Fund (AZ-CORE)
BlackRock Balanced Capital Portfolio (FI) (BCS_F)
BlackRock Core Bond Portfolio (BR-CORE)
BlackRock Multi-Asset Income - Investment Grade Portfolio 
(BR-INC-IG)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
BlackRock Strategic Global Bond Fund, Inc. (BR-WI)
BlackRock Total Return V.I. Portfolio (Ins - Var Ser) (BVA-
BF)
BlackRock Total Return Portfolio (Ins - Series) (BVA-TR)
Metropolitan Series Fund, Inc.- BlackRock Bond Income 
Portfolio (MET-BI)
Master Total Return Portfolio of Master Bond LLC (MF-BOND)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)
Advanced Series Trust - AST BlackRock/Loomis Sayles Bond 
Portfolio (SMF_PRUTR)
UBS PACE Intermediate Fixed Income Investments Portfolio 
(UBS-PACE)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
11-14-2016

Security Type:
BND/CORP


Issuer
Morgan Stanley (2021)

Selling 
Underwriter 
Morgan Stanley & Co. LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Morgan Stanley & Co. LLC, MUFG Securities 
Americas Inc., Blaylock Beal Van, LLC, 
Capital One Securities, Inc., Citizens 
Capital Markets, Inc., Danske Markets 
Inc., Fifth Third Securities, Inc., FTN 
Financial Securities Corp., ING Financial 
Markets LLC, KeyBanc Capital Markets Inc., 
Lloyds Securities Inc. Multi-Bank 
Securities, Inc., nabSecurities, LLC, PNC 
Capital Markets LLC, RBC Capital Markets, 
LLC, RBS Securities Inc., Santander 
Investment Securities Inc., SG Americas 
Securities LLC, TD Securities (USA) LLC, 
UniCredit Capital Markets LLC

 

Transaction Details

Date of Purchase
11-14-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.489

Total 
Commission, 
Spread or 
Profit
0.350%


1.	Aggregate Principal Amount Purchased 
(a+b)
$300,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$99,154,000

b. Other BlackRock Clients
$200,846,000

2.	Aggregate Principal Amount of 
Offering
3,250,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.0923


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
11-17-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
11-17-2016

Global Syndicate Team Member






 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Core Bond Trust (BHK)
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust (BIT)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust (BLW)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Dynamic High Income - Preferred Stock Portfolio 
(BR-DHI-PS)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - Preferred Stock Portfolio 
(BR-INC-PS)
BlackRock Managed Income - Preferred Stock Portfolio (BR-
MI-PS)
BlackRock Credit Strategies Income - Investment Grade (BR-
MSBIG)
Strategic Income Opportunities Fund (BR-SIP)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)
JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC)
UBS PACE Intermediate Fixed Income Investments Portfolio 
(UBS-PACE)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
01-24-2017

Security Type:
BND/CORP


Issuer
Morgan Stanley (2049)

Selling 
Underwriter 
Morgan Stanley & Co. LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[x] Other:  UBS Securities LLC for UBS-
PACE

List of 
Underwriter(s)
    Morgan Stanley & Co. LLC, Citigroup 
Global Markets Inc., Goldman, Sachs & Co., 
J.P. Morgan Securities LLC, Merrill Lynch, 
Pierce, Fenner & Smith Incorporated, MUFG 
Securities Americas Inc., RBC Capital 
Markets, LLC, UBS Securities LLC, Wells 
Fargo Securities, LLC, ABN AMRO Securities 
(USA) LLC, ANZ Securities, Inc., Barclays 
Capital Inc., BB&T Capital Markets, a 
division of BB&T Securities, LLC, Capital 
One Southcoast, Inc., Citizens Capital 
Markets, Inc., Deutsche Bank Securities 
Inc., FTN Financial Securities Corp., ING 
Financial Markets LLC, Keefe, Bruyette & 
Woods, Inc., PNC Capital Markets LLC, RBS 
Securities Inc., Scotia Capital (USA) 
Inc., SG Americas Securities LLC, TD 
Securities (USA) LLC, UniCredit Capital 
Markets LLC, U.S. Bancorp Investments, 
Inc., Academy Securities, Inc., Apto 
Partners, LLC, Blaylock Beal Van, LLC, 
CastleOak Securities, L.P., Drexel 
Hamilton, LLC, Great Pacific Securities, 
Lebenthal & Co., LLC, Loop Capital Markets 
LLC, Mischler Financial Group, Inc., 
Multi-Bank Securities, Inc., Samuel A. 
Ramirez & Company, Inc., Siebert Cisneros 
Shank & Co., L.L.C., Telsey Advisory Group 
LLC, The Williams Capital Group, L.P. 


Transaction Details

Date of Purchase
01-24-2017


Purchase 
Price/Share
(per share / % 
of par)
$25

Total 
Commission, 
Spread or 
Profit
3.150%


1.	Aggregate Principal Amount Purchased 
(a+b)
7,200,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
4,776,090

b. Other BlackRock Clients
2,423,910

2.	Aggregate Principal Amount of 
Offering
40,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.18


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
 [ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
01-26-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-26-2017

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
01-10-2017

Security Type:
BND/CORP


Issuer
Nabors Industries, Inc. (2024)

Selling 
Underwriter 
Citigroup Global Markets Inc

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ]Other:  

List of 
Underwriter(s)
Citigroup Global Markets Inc., Goldman, 
Sachs & Co.,Merrill Lynch, Pierce, Fenner 
& Smith Incorporated., Mizuho Securities 
USA Inc., Morgan Stanley & Co. LLC, HSBC 
Securities (USA) Inc., MUFG Securities 
Americas Inc., Deutsche Bank Securities 
Inc, Wells Fargo Securities, LLC., PNC 
Capital Markets LLC., BBVA Securities 
Inc., SMBC Nikko Securities America, Inc., 
U.S. Bancorp Investments, Inc., Credit 
Suisse Securities (USA) LLC, RBC Capital 
Markets, LLC, Scotia Capital (USA) Inc., 
ANZ Securities, Inc.

 

Transaction Details

Date of Purchase
01-10-2017


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
2.44%


1.	Aggregate Principal Amount Purchased 
(a+b)
$20,000,000


a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$2,348,000

b. Other BlackRock Clients
$17,652,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.0400



Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
01-11-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-11-2017

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Global High Yield Corporate Bond ETF (ISHGHYG)
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
iShares iBoxx $ High Yield ex Oil & Gas Corporate Bond ETF 
(ISHHYXE)
iShares Core Total USD Bond Market ETF (ISHIUSB)
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock Credit Allocation Income Trust (Preferred Sleeve) 
(BTZ-PREF)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
 AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)
JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
09-07-2016

Security Type:
BND/CORP


Issuer
Novelis Corporation (2026)

Selling 
Underwriter 
Morgan Stanley & Co. LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Morgan Stanley & Co. LLC, Barclays Capital 
Inc., Citigroup Global Markets Inc., 
Deutsche Bank Securities Inc., HSBC 
Securities (USA) Inc., J.P. Morgan 
Securities LLC, Merrill Lynch, Pierce, 
Fenner & Smith Incorporated, Standard 
Chartered Bank, Axis Bank Limited, 
Singapore Branch, BMO Capital Markets 
Corp., BNP Paribas Securities Corp., 
Credit Suisse Securities (USA) LLC, 
Goldman, Sachs & Co., Natixis Securities 
Americas LLC, PNC Capital Markets LLC, 
Regions Securities LLC, Scotia Capital 
(USA) Inc., SG Americas Securities, LLC, 
SunTrust Robinson Humphrey, Inc., Wells 
Fargo Securities, LLC   

Transaction Details

Date of Purchase
09-07-2016


Purchase 
Price/Share
(per share / % 
of par)
$100.00

Total 
Commission, 
Spread or 
Profit
1.50%


1.	Aggregate Principal Amount Purchased 
(a+b)
$140,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$77,310,000

b. Other BlackRock Clients
$62,690,000

2.	Aggregate Principal Amount of 
Offering
$1,500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.09333


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dillip Behera
Date:
09-14-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
09-14-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
BlackRock Allocation Target Shares: Series C Portfolio 
(BATSC)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)

The Offering

Key Characteristics (Complete ALL Fields)
Date of 
Offering 
Commencement:
11-02-2016

Security Type:
BND/CORP



Issuer
Occidental Petroleum Corporation (2047)

Selling 
Underwriter 
Citigroup Global Markets Inc

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Citigroup Global Markets Inc., J.P. Morgan 
Securities LLC, Merrill Lynch, Pierce, 
Fenner & Smith Incorporated, Wells Fargo 
Securities, LLC, Barclays Capital Inc., 
BBVA Securities Inc., Mizuho Securities 
USA Inc., SG Americas Securities, LLC, 
HSBC Securities (USA) Inc., MUFG 
Securities Americas Inc., SMBC Nikko 
Securities America, Inc., U.S. Bancorp 
Investments, Inc., BNY Mellon Capital 
Markets, LLC, CIBC World Markets Corp., 
Scotia Capital (USA) Inc., Standard 
Chartered Bank, PNC Capital Markets LLC, 
Lebenthal & Co., LLC

 

Transaction Details

Date of Purchase
11-02-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.776

Total 
Commission, 
Spread or 
Profit
0.750%


1.	Aggregate Principal Amount Purchased 
(a+b)
$81,040,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$7,125,000

b. Other BlackRock Clients
$73,915,000

2.	Aggregate Principal Amount of 
Offering
$750,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.10805



Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
11-07-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
11-07-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Global High Yield Corporate Bond ETF (ISHGHYG)
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
BlackRock Alternative Strategies Fund - Trading Account 
(ACS-TRD)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
12-15-2016

Security Type:
BND/CORP


Issuer
Open Text Corporation (2026)

Selling 
Underwriter 
Barclays Capital Inc.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Barclays Capital Inc, Citigroup Global 
Markets Inc., RBC Capital Markets, LLC, 
BMO Nesbitt Burns Inc., CIBC World Markets 
Corp, HSBC Securities (USA) Inc., MUFG 
Securities Americas Inc., National Bank of 
Canada Financial Inc., PNC Capital Markets 
LLC, Scotia Capital (USA) Inc.


Transaction Details

Date of Purchase
12-15-2016


Purchase 
Price/Share
(per share / % 
of par)
$102.75

Total 
Commission, 
Spread or 
Profit
1.125%


1.	Aggregate Principal Amount Purchased 
(a+b)
$15,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$3,475,000

b. Other BlackRock Clients
$11,525,000

2.	Aggregate Principal Amount of 
Offering
$600,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.025


Legal Requirements
Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
12-20-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
12-20-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
BlackRock Alternative Strategies Fund - Trading Account 
(ACS-TRD)
BlackRock Multi Asset Income - Passive Fixed Income 
Portfolio (BR-INC-PFI)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
08-03-2016

Security Type:
BND/CORP


Issuer
Owens Corning (2026)

Selling 
Underwriter 
Wells Fargo Securities, LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Merrill Lynch, Pierce, Fenner & 
Smith Incorporated, Citigroup Global 
Markets Inc., Wells Fargo Securities, LLC, 
Goldman, Sachs & Co., J.P. Morgan 
Securities LLC, PNC Capital Markets LLC, 
Scotia Capital (USA) Inc., BB&T Capital 
Markets, a division of BB&T Securities, 
LLC, BNP Paribas Securities Corp., Fifth 
Third Securities, Inc., HSBC Securities 
(USA) Inc., Loop Capital Markets LLC, 
SunTrust Robinson Humphrey, Inc., U.S. 
Bancorp Investments, Inc.

Transaction Details

Date of Purchase
08-03-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.587

Total 
Commission, 
Spread or 
Profit
0.650%


1.	Aggregate Principal Amount Purchased 
(a+b)
$24,650,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$2,350,000

b. Other BlackRock Clients
$22,300,000

2.	Aggregate Principal Amount of 
Offering
$400,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.06163


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
08-08-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
08-08-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
Multimanager Core Bond Portfolio (AXA-VIP)
BlackRock Allocation Target Shares: Series S Portfolio 
(BATSS)
BlackRock Balanced Capital Portfolio (FI) (BCS_F)
BlackRock Core Bond Portfolio (BR-CORE)
BlackRock Multi-Asset Income - Investment Grade Portfolio 
(BR-INC-IG)
BlackRock Low Duration Bond Portfolio (BR-LO)
BlackRock Total Return V.I. Portfolio (Ins - Var Ser) (BVA-
BF)
BlackRock Total Return Portfolio (Ins - Series) (BVA-TR)
Metropolitan Series Fund, Inc.- BlackRock Bond Income 
Portfolio (MET-BI)
Master Total Return Portfolio of Master Bond LLC (MF-BOND)
Advanced Series Trust - AST BlackRock Low Duration Bond 
Portfolio (SMF_PRULO)
Advanced Series Trust - AST BlackRock/Loomis Sayles Bond 
Portfolio (SMF_PRUTR)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
12-08-2016

Security Type:
BND/CORP


Issuer
Roper Technologies, Inc (2021)
Selling 
Underwriter 
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated,

Affiliated 
Underwriter(s)
[x]NC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
J.P. Morgan Securities LLC, Merrill Lynch, 
Pierce, Fenner & Smith Incorporated, Wells 
Fargo Securities, LLC, Mizuho Securities 
USA Inc., MUFG Securities Americas Inc., 
PNC Capital Markets LLC, SunTrust Robinson 
Humphrey, Inc., TD Securities (USA) LLC, 
BB&T Capital Markets, a division of BB&T 
Securities, LLC, RBC Capital Markets, LLC, 
Regions Securities LLC

 

Transaction Details

Date of Purchase
12-08-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.843

Total 
Commission, 
Spread or 
Profit
0.600%


1.	Aggregate Principal Amount Purchased 
(a+b)
$25,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$11,334,000

b. Other BlackRock Clients
$13,666,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.05


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
12-12-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
12-12-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares 1-3 Year Credit Bond ETF (ISHCRED1-3)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Intermediate Credit Bond ETF (ISHICRED)
BlackRock Allocation Target Shares: Series S Portfolio 
(BATSS)
BlackRock Multi-Asset Income - Investment Grade Portfolio 
(BR-INC-IG)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
11-10-2016

Security Type:
BND/CORP


Issuer
Southern Power Company (2019)

Selling 
Underwriter 
Mizuho Securities USA Inc.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Barclays Capital Inc., BNP Paribas 
Securities Corp., Merrill Lynch, Pierce, 
Fenner & Smith Incorporated, Mizuho 
Securities USA Inc., Scotia Capital (USA) 
Inc., U.S. Bancorp Investments, Inc., BB&T 
Capital Markets, a division of BB&T 
Securities, LLC, CIBC World Markets Corp., 
Fifth Third Securities, Inc., PNC Capital 
Markets LLC, TD Securities (USA) LLC, Loop 
Capital Markets LLC, The Williams Capital 
Group, L.P., Blaylock Beal Van, LLC, 
CastleOak Securities, L.P., Mischler 
Financial Group, Inc.

 

Transaction Details

Date of Purchase
11-10-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.975

Total 
Commission, 
Spread or 
Profit
0.350%


1.	Aggregate Principal Amount Purchased 
(a+b)
$60,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$12,360,000

b. Other BlackRock Clients
$47,640,000

2.	Aggregate Principal Amount of 
Offering
$600,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.10


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
11-14-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
11-14-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Global High Yield Corporate Bond ETF (ISHGHYG)
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
iShares Core Total USD Bond Market ETF (ISHIUSB)
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
09-22-2016

Security Type:
BND/CORP


Issuer
Targa Resources Partners LP (2025)

Selling 
Underwriter 
Wells Fargo Securities, LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Wells Fargo Securities, LLC, Merrill 
Lynch, Pierce, Fenner & Smith 
Incorporated, Citigroup Global Markets 
Inc., Barclays Capital Inc., Deutsche Bank 
Securities Inc., RBC Capital Markets, 
LLC ., BBVA Securities Inc., Capital One 
Securities, Inc., Goldman, Sachs & Co., 
J.P. Morgan Securities LLC, PNC Capital 
Markets LLC, ABN AMRO Securities (USA) 
LLC, Credit Suisse Securities (USA) LLC, 
ING Financial Markets LLC, Morgan Stanley 
& Co. LLC, MUFG Securities Americas Inc., 
SMBC Nikko Securities America, Inc., 
SunTrust Robinson Humphrey, Inc., TD 
Securities (USA) LLC, BB&T Capital 
Markets, a division of BB&T Securities, 
LLC, BNP Paribas Securities Corp., 
Citizens Capital Markets, Inc., The 
Huntington Investment Company, Scotia 
Capital (USA) Inc., U.S. Bancorp 
Investments, Inc.


Transaction Details

Date of Purchase
09-22-2016


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
0.750%


1.	Aggregate Principal Amount Purchased 
(a+b)
$35,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$17,561,000

b. Other BlackRock Clients
$17,439,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.07


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
09-30-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
09-30-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares iBoxx $ High Yield Corporate Bond ETFd (ISHHYLD)
iShares Core 10+ Year USD Bond ETF (ISHILTB)
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
09-22-2016

Security Type:
BND/CORP


Issuer
Targa Resources Partners LP (2027)

Selling 
Underwriter 
Wells Fargo Securities, LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Wells Fargo Securities, LLC, Merrill 
Lynch, Pierce, Fenner & Smith 
Incorporated, Citigroup Global Markets 
Inc., Barclays Capital Inc., Deutsche Bank 
Securities Inc., RBC Capital Markets, 
LLC ., BBVA Securities Inc., Capital One 
Securities, Inc., Goldman, Sachs & Co., 
J.P. Morgan Securities LLC, PNC Capital 
Markets LLC, ABN AMRO Securities (USA) 
LLC, Credit Suisse Securities (USA) LLC, 
ING Financial Markets LLC, Morgan Stanley 
& Co. LLC, MUFG Securities Americas Inc., 
SMBC Nikko Securities America, Inc., 
SunTrust Robinson Humphrey, Inc., TD 
Securities (USA) LLC, BB&T Capital 
Markets, a division of BB&T Securities, 
LLC, BNP Paribas Securities Corp., 
Citizens Capital Markets, Inc., The 
Huntington Investment Company, Scotia 
Capital (USA) Inc., U.S. Bancorp 
Investments, Inc.


Transaction Details

Date of Purchase
09-22-2016


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
0.750%


1.	Aggregate Principal Amount Purchased 
(a+b)
$35,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$17,831,000

b. Other BlackRock Clients
$17,169,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.07


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
09-30-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
09-30-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Core 1-5 Year USD Bond ETF (ISHISTB)
BlackRock Alternative Strategies Fund - Trading Account 
(ACS-TRD)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
01-24-2017

Security Type:
BND/CORP


Issuer
Tech Data Corporation (2022)

Selling 
Underwriter 
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated, Citigroup Global Markets 
Inc., J.P. Morgan Securities LLC, MUFG 
Securities Americas Inc., PNC Capital 
Markets LLC, Scotia Capital (USA) Inc., 
BNP Paribas Securities Corp., Mizuho 
Securities USA Inc., UniCredit Capital 
Markets LLC, Skandinaviska Enskilda Banken 
AB (publ), TD Securities (USA) LLC, 
Raymond James & Associates, Inc.

 

Transaction Details

Date of Purchase
01-24-2017


Purchase 
Price/Share
(per share / % 
of par)
$99.848

Total 
Commission, 
Spread or 
Profit
0.600%


1.	Aggregate Principal Amount Purchased 
(a+b)
$25,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$6,260,000

b. Other BlackRock Clients
$18,740,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.05


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
01-26-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-26-2017

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)
JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
01-24-2017

Security Type:
BND/CORP


Issuer
Tech Data Corporation (2027)

Selling 
Underwriter 
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated, Citigroup Global Markets 
Inc., J.P. Morgan Securities LLC, MUFG 
Securities Americas Inc., PNC Capital 
Markets LLC, Scotia Capital (USA) Inc., 
BNP Paribas Securities Corp., Mizuho 
Securities USA Inc., UniCredit Capital 
Markets LLC, Skandinaviska Enskilda Banken 
AB (publ), TD Securities (USA) LLC, 
Raymond James & Associates, Inc.

 

Transaction Details

Date of Purchase
01-24-2017


Purchase 
Price/Share
(per share / % 
of par)
$99.833

Total 
Commission, 
Spread or 
Profit
0.650%


1.	Aggregate Principal Amount Purchased 
(a+b)
$30,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$7,570,000

b. Other BlackRock Clients
$22,430,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25 
0.06


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
01-26-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-26-2017

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares 1-3 Year Credit Bond ETF (ISHCRED1-3)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
BlackRock Multi-Asset Income - Investment Grade Portfolio 
(BR-INC-IG)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
BlackRock Low Duration Bond Portfolio (BR-LO)
Consulting Group Capital Markets Funds (CG-CGCM)
GuideStone Funds Low Duration Bond Fund (GUIDE)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)
Advanced Series Trust - AST BlackRock Low Duration Bond 
Portfolio (SMF_PRULO)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
12-08-2016

Security Type:
BND/CORP


Issuer
The Goldman Sachs Group, Inc.. (2019)

Selling 
Underwriter 
Goldman Sachs & Co

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Goldman, Sachs & Co., ANZ Securities, 
Inc. , BB&T Capital Markets, a division of 
BB&T Securities, LLC, BMO Capital Markets 
Corp., BNY Mellon Capital Markets, LLC, 
Capital One Securities, Inc., Fifth Third 
Securities, Inc., KeyBanc Capital Markets 
Inc., Mizuho Securities USA Inc., PNC 
Capital Markets LLC, RBC Capital Markets, 
LLC, Scotia Capital (USA) Inc., SMBC Nikko 
Securities America, Inc., SunTrust 
Robinson Humphrey, Inc., TD Securities 
(USA) LLC, U.S. Bancorp Investments, Inc., 
Academy Securities, Inc., CastleOak 
Securities, L.P., Drexel Hamilton, LLC, 
Mischler Financial Group, Inc.



Transaction Details

Date of Purchase
12-08-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.925

Total 
Commission, 
Spread or 
Profit
0.250%


1.	Aggregate Principal Amount Purchased 
(a+b)
$150,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$35,185,000

b. Other BlackRock Clients
$114,815,000

2.	Aggregate Principal Amount of 
Offering
$2,250,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.06666


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
12-12-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
12-12-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
iShares Core 1-5 Year USD Bond ETF (ISHISTB)
BlackRock Balanced Capital Portfolio (FI) (BCS_F)
BlackRock Core Bond Portfolio (BR-CORE)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
Strategic Income Opportunities Fund (BR-SIP)
BlackRock Strategic Global Bond Fund, Inc. (BR-WI)
BlackRock Macro Themes Fund - Fixed Income Sleeve (BRMT-FI)
BlackRock Total Return V.I. Portfolio (Ins - Var Ser) (BVA-
BF)
BlackRock Total Return Portfolio (Ins - Series) (BVA-TR)
GuideStone Funds Low Duration Bond Fund (GUIDE)
Metropolitan Series Fund, Inc.- BlackRock Bond Income 
Portfolio (MET-BI)
Master Total Return Portfolio of Master Bond LLC (MF-BOND)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)
Advanced Series Trust - AST BlackRock/Loomis Sayles Bond 
Portfolio (SMF_PRUTR)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
09-22-2016

Security Type:
BND/CORP


Issuer
The Goldman Sachs Group, Inc. (2021)

Selling 
Underwriter 
Goldman, Sachs & Co.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Goldman, Sachs & Co., ANZ Securities, 
Inc., BB&T Capital Markets, a division of 
BB&T Securities, LLC, BMO Capital Markets 
Corp., BNY Mellon Capital Markets, LLC, 
Capital One Securities, Inc., Danske 
Markets Inc., Fifth Third Securities, 
Inc., ING Financial Markets LLC, KeyBanc 
Capital Markets Inc., Mizuho Securities 
USA Inc., nabSecurities, LLC, PNC Capital 
Markets LLC, RBC Capital Markets, LLC, 
Regions Securities LLC, Santander 
Investment Securities Inc., Scotia Capital 
(USA) Inc., SMBC Nikko Securities America, 
Inc., Standard Chartered Bank, SunTrust 
Robinson Humphrey, Inc., TD Securities 
(USA) LLC, UniCredit Capital Markets LLC, 
U.S. Bancorp Investments, Inc., Academy 
Securities, Inc., Drexel Hamilton, LLC, 
Lebenthal & Co., LLC, Mischler Financial 
Group, Inc.

Transaction Details

Date of Purchase
09-22-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.897

Total 
Commission, 
Spread or 
Profit
0.350%


1.	Aggregate Principal Amount Purchased 
(a+b)
$200,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$57,899,000

b. Other BlackRock Clients
$142,101,000

2.	Aggregate Principal Amount of 
Offering
$2,250,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.08888


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
09-26-2016

Global Syndicate Team Member




Approved by:
Steven Delaura
Date:
09-26-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
BlackRock Alternative Strategies Fund - Trading Account 
(ACS-TRD)
BlackRock Balanced Capital Portfolio (FI) (BCS_F)
BlackRock Core Bond Portfolio (BR-CORE)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
BlackRock Low Duration Bond Portfolio (BR-LO)
Strategic Income Opportunities Fund (BR-SIP)
BlackRock Strategic Global Bond Fund, Inc. (BR-WI)
BlackRock Total Return V.I. Portfolio (Ins - Var Ser) (BVA-
BF)
BlackRock Total Return Portfolio (Ins - Series) (BVA-TR)
GuideStone Funds Low Duration Bond Fund (GUIDE)
Metropolitan Series Fund, Inc.- BlackRock Bond Income 
Portfolio (MET-BI)
Master Total Return Portfolio of Master Bond LLC (MF-BOND)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)
Advanced Series Trust - AST BlackRock Low Duration Bond 
Portfolio (SMF_PRULO)
Advanced Series Trust - AST BlackRock/Loomis Sayles Bond 
Portfolio (SMF_PRUTR)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
11-10-2016

Security Type:
BND/CORP


Issuer
The Goldman Sachs Group, Inc. (2026)

Selling 
Underwriter 
Goldman, Sachs & Co.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Goldman, Sachs & Co., ABN AMRO Securities 
(USA) LLC, BBVA Securities Inc., BNY 
Mellon Capital Markets, LLC, Credit 
Agricole Securities (USA) Inc., ING 
Financial Markets LLC, KeyBanc Capital 
Markets Inc., Mizuho Securities USA Inc., 
Natixis Securities Americas LLC, PNC 
Capital Markets LLC, RBC Capital Markets, 
LLC, Regions Securities LLC, Scotia 
Capital (USA) Inc., SMBC Nikko Securities 
America, Inc., Standard Chartered Bank, 
SunTrust Robinson Humphrey, Inc., TD 
Securities (USA) LLC, U.S. Bancorp 
Investments, Inc., Academy Securities, 
Inc., Drexel Hamilton, LLC, Mischler 
Financial Group, Inc., Samuel A. Ramirez & 
Company, Inc.

 

Transaction Details

Date of Purchase
11-10-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.741

Total 
Commission, 
Spread or 
Profit
0.450%


1.	Aggregate Principal Amount Purchased 
(a+b)
$200,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$78,597,000

b. Other BlackRock Clients
$121,403,000

2.	Aggregate Principal Amount of 
Offering
$2,750,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.07272


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
11-14-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
11-14-2016

Global Syndicate Team Member






 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares iBonds Dec 2022 Term Corporate ETF (ISHIBDN)
iShares Intermediate Credit Bond ETF (ISHICRED)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
iShares Core 1-5 Year USD Bond ETF (ISHISTB)
BlackRock Allocation Target Shares: Series C Portfolio 
(BATSC)
BlackRock Allocation Target Shares: Series S Portfolio 
(BATSS)
BlackRock Managed Income - Investment Grade Portfolio (BR-
IG)
BlackRock Multi-Asset Income - Investment Grade Portfolio 
(BR-INC-IG)
BlackRock Low Duration Bond Portfolio (BR-LO)
BlackRock Managed Income - Short Duration Portfolio (BR-MI-
LO)
GuideStone Funds Low Duration Bond Fund (GUIDE)
Advanced Series Trust - AST BlackRock Low Duration Bond 
Portfolio (SMF_PRULO)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
01-23-2017

Security Type:
BND/CORP


Issuer
The Goldman Sachs Group, Inc. (2022)

Selling 
Underwriter 
Goldman, Sachs & Co.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Goldman, Sachs & Co., ABN AMRO Securities 
(USA) LLC, BB&T Capital Markets, a 
division of BB&T Securities, LLC, BNY 
Mellon Capital Markets, LLC, Capital One 
Securities, Inc. , Fifth Third Securities, 
Inc., ING Financial Markets LLC, Lloyds 
Securities Inc., Mizuho Securities USA 
Inc., PNC Capital Markets LLC, Rabo 
Securities USA, Inc., RBC Capital Markets, 
LLC, RBS Securities Inc., Regions 
Securities LLC, Santander Investment 
Securities Inc., Scotia Capital (USA) 
LLC., SMBC Nikko Securities America, Inc., 
Standard Chartered Bank, TD Securities 
(USA) LLC, UniCredit Capital Markets LLC, 
U.S. Bancorp Investments, Inc., Lebenthal 
& Co., LLC, Loop Capital Markets LLC, 
Samuel A. Ramirez & Company, Inc., Siebert 
Cisneros Shank & Co., L.L.C

 

Transaction Details

Date of Purchase
01-23-2017


Purchase 
Price/Share
(per share / % 
of par)
$99.68

Total 
Commission, 
Spread or 
Profit
0.350%


1.	Aggregate Principal Amount Purchased 
(a+b)
$175,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$19,820,000

b. Other BlackRock Clients
$155,180,000

2.	Aggregate Principal Amount of 
Offering
$2,250,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.07777


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
 [ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
01-26-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-26-2017

Global Syndicate Team Member






 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)
CoreAlpha Bond Master Portfolio (MIP_CORA)
AST BlackRock Global Strategies Portfolio (Core Active) 
(PRU-AA-CAB)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
01-23-2017

Security Type:
BND/CORP


Issuer
The Goldman Sachs Group, Inc. (2027)

Selling 
Underwriter 
Goldman, Sachs & Co.

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Goldman, Sachs & Co., ABN AMRO Securities 
(USA) LLC, BB&T Capital Markets, a 
division of BB&T Securities, LLC, BNY 
Mellon Capital Markets, LLC, Capital One 
Securities, Inc., Fifth Third Securities, 
Inc., ING Financial Markets LLC, Lloyds 
Securities Inc., Mizuho Securities USA 
Inc., PNC Capital Markets LLC, Rabo 
Securities USA, Inc., RBC Capital Markets, 
LLC, RBS Securities Inc., Regions 
Securities LLC, Santander Investment 
Securities Inc., Scotia Capital (USA) LLC, 
SMBC Nikko Securities America, Inc., 
Standard Chartered Bank, TD Securities 
(USA) LLC, UniCredit Capital Markets LLC, 
U.S. Bancorp Investments, Inc., Academy 
Securities, Inc., Drexel Hamilton, LLC, 
Mischler Financial Group, Inc., The 
Williams Capital Group, L.P.

 

Transaction Details

Date of Purchase
01-23-2017


Purchase 
Price/Share
(per share / % 
of par)
$99.72

Total 
Commission, 
Spread or 
Profit
0.450%


1.	Aggregate Principal Amount Purchased 
(a+b)
$47,285,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$13,850,000

b. Other BlackRock Clients
$33,435,000

2.	Aggregate Principal Amount of 
Offering
$1,750,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.02702


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
01-26-2017

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
01-26-2017

Global Syndicate Team Member






 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Core U.S. Credit Bond ETF (ISHCRED)
iShares Intermediate Credit Bond ETF (ISHICRED)
BlackRock Multi Asset Income - Passive Fixed Income 
Portfolio (BR-INC-PFI)


The Offering

Key Characteristics (Complete ALL Fields)

Date of Offering 
Commencement:
08-02-2016

Security Type:
BND/CORP


Issuer
The Hershey Company (2026)

Selling 
Underwriter 
J.P. Morgan Securities LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Citigroup Global Markets Inc., J.P. Morgan 
Securities LLC, Merrill Lynch, Pierce, 
Fenner & Smith Incorporated, RBC Capital 
Markets, LLC, PNC Capital Markets LLC, 
CIBC World Markets Corp., Santander 
Investment Securities Inc., U.S. Bancorp 
Investments, Inc., The Williams Capital 
Group, L.P., Banco Bradesco BBI S.A.

Transaction Details

Date of Purchase
08-02-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.671

Total 
Commission, 
Spread or 
Profit
0.450%


1.	Aggregate Principal Amount Purchased 
(a+b)
$27,850,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$6,400,000

b. Other BlackRock Clients
$21,450,000

2.	Aggregate Principal Amount of 
Offering
$500,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.0557


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
08-04-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
08-04-2016

Global Syndicate Team Member






 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core U.S. Aggregate Bond ETF (ISHAGG)
iShares Government/Credit Bond ETF (ISHGOVCR)
iShares Intermediate Government/Credit Bond ETF (ISHIGOVCR)
iShares iBoxx $ Investment Grade Corporate Bond ETF 
(ISHINTOP)
iShares Core Total USD Bond Market ETF (ISHIUSB)
BlackRock Multi Asset Income - Screened Fixed Income 
Portfolio (BR-INC-PFI)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
10-31-2016

Security Type:
BND/CORP


Issuer
The Procter & Gamble Company (2026)

Selling 
Underwriter 
Morgan Stanley & Co. LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Deutsche Bank Securities Inc., HSBC 
Securities (USA) Inc., Morgan Stanley & 
Co. LLC, Citigroup Global Markets Inc., 
Goldman, Sachs & Co., J.P. Morgan 
Securities LLC, Barclays Capital Inc., 
Merrill Lynch, Pierce, Fenner & Smith 
Incorporated, MUFG Securities Americas 
Inc., RBC Capital Markets, LLC, BBVA 
Securities Inc., ING Financial Markets 
LLC, Wells Fargo Securities, LLC, The 
Williams Capital Group, L.P., Fifth Third 
Securities, Inc., PNC Capital Markets LLC, 
U.S. Bancorp Investments, Inc.

 

Transaction Details

Date of Purchase
10-31-2016


Purchase 
Price/Share
(per share / % 
of par)
$99.859

Total 
Commission, 
Spread or 
Profit
0.450%


1.	Aggregate Principal Amount Purchased 
(a+b)
$75,250,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$10,950,000

b. Other BlackRock Clients
$64,330,000

2.	Aggregate Principal Amount of 
Offering
$875,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.086


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
11-02-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
11-02-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Dynamic High Income - Preferred Stock Portfolio 
(BR-DHI-PS)
BlackRock Multi-Asset Income - Preferred Stock Portfolio 
(BR-INC-PS)
Strategic Income Opportunities Fund (BR-SIP)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
12-05-2016

Security Type:
BND/CORP


Issuer
The Southern Company (2057)

Selling 
Underwriter 
Wells Fargo Securities, LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Goldman, Sachs & Co., J.P. Morgan 
Securities LLC, Mizuho Securities USA 
Inc., Wells Fargo Securities, LLC , MUFG 
Securities Americas Inc., SunTrust 
Robinson Humphrey, Inc., BNP Paribas 
Securities Corp., Scotia Capital (USA) 
Inc., U.S. Bancorp Investments, Inc., BBVA 
Securities Inc., Commerz Markets LLC, PNC 
Capital Markets LLC, Regions Securities 
LLC, Santander Investment Securities Inc., 
Samuel A. Ramirez & Company, Inc., Siebert 
Cisneros Shank & Co., L.L.C.

 

Transaction Details

Date of Purchase
12-05-2016


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
1.000%


1.	Aggregate Principal Amount Purchased 
(a+b)
$28,075,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$19,580,000

b. Other BlackRock Clients
$8,495,000

2.	Aggregate Principal Amount of 
Offering
$550,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.05105


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
12-08-2016

Global Syndicate Team Member




Approved by:
Steven  DeLaura
Date:
12-08-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Edge U.S. Fixed Income Balanced Risk ETF (ISHFIBR)
iShares Global High Yield Corporate Bond ETF (ISHGHYG)
iShares iBoxx $ High Yield Corporate Bond ETF (ISHHYLD)
iShares Core 10+ Year USD Bond ETF (ISHILTB)
iShares Core Total USD Bond Market ETF (ISHIUSB)
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Funds, BlackRock Global Long/Short Credit Fund 
(BR-GC)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Multi-Asset Income - Passive High Yield Portfolio 
(BR-INC-PHY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock Credit Allocation Income Trust (Preferred Sleeve) 
(BTZ-PREF)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)
JNL/BlackRock Global Long Short Credit Fund (SMF_CC-GC)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
10-24-2016

Security Type:
BND/CORP


Issuer
United Rentals (North America), Inc. 
(2027)

Selling 
Underwriter 
Morgan Stanley & Co. LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
Morgan Stanley & Co. LLC, Merrill Lynch, 
Pierce, Fenner & Smith Incorporated, Wells 
Fargo Securities, LLC, Citigroup Global 
Markets Inc., Scotia Capital (USA) Inc., 
MUFG Securities Americas Inc., Barclays 
Capital Inc., Deutsche Bank 
Securities Inc., J.P. Morgan 
Securities LLC, SunTrust Robinson 
Humphrey, Inc., BMO Capital Markets Corp., 
PNC Capital Markets LLC

 

Transaction Details

Date of Purchase
10-24-2016


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
1.250%


1.	Aggregate Principal Amount Purchased 
(a+b)
$60,000,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$28,741,000

b. Other BlackRock Clients
$31,259,000

2.	Aggregate Principal Amount of 
Offering
$750,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.08


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[x] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[ ] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
11-02-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
11-02-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
BlackRock Core Bond Trust - High Yield (BHK-HYLD)
BlackRock Multi-Sector Income Trust - High Yield (BIT-HYLD)
BlackRock Limited Duration Income Trust - High Yield (BLW-
HYLD)
BlackRock Funds II, High Yield Bond Portfolio (BR-HIYLD)
BlackRock Multi-Asset Income - High Yield Portfolio (BR-
INC-HY)
BlackRock Credit Strategies Income - High Yield (BR-MSBHY)
BlackRock High Yield Portfolio of BlackRock Series Fund, 
Inc (BVA-HI)
BlackRock High Yield V.I. Fund (BVA-HY)
BlackRock Debt Strategies Fund, Inc. (DSU)
BlackRock Corporate High Yield Fund, Inc. (HYT)
MIST BlackRock High Yield Portfolio (MIST-HY)
AST BlackRock Global Strategies Portfolio (US High Yield) 
(PRU-AA-HY)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering 
Commencement:
08-16-2016

Security Type:
BND/CORP


Issuer
Wolverine World Wide, Inc. (2026)

Selling 
Underwriter 
J.P. Morgan Securities LLC

Affiliated 
Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of 
Underwriter(s)
J.P. Morgan Securities LLC, Wells Fargo 
Securities, LLC, HSBC Securities (USA) 
Inc., Fifth Third Securities, Inc., PNC 
Capital Markets LLC, MUFG Securities 
Americas Inc, SMBC Nikko Securities 
America, Inc

Transaction Details

Date of Purchase
08-16-2016


Purchase 
Price/Share
(per share / % 
of par)
$100

Total 
Commission, 
Spread or 
Profit
1.250%


1.	Aggregate Principal Amount Purchased 
(a+b)
$12,500,000

a. US Registered Funds  
(Appendix attached with individual 
Fund/Client purchase)
$5,836,000

b. Other BlackRock Clients
$6,664,000

2.	Aggregate Principal Amount of 
Offering
$250,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.05


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 
years of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years 
of continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 
years of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the 
first day on which any sales were made, at a price that 
was not more than the price paid by each other purchaser 
of securities in that offering or in any concurrent 
offering of the securities; and
[ ] If the securities are offered for subscription upon 
exercise of rights, the securities were purchased on or 
before the fourth day before the day on which the rights 
offering terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an 
underwriting or similar agreement under which the 
underwriters were committed to purchase all of the 
securities being offered, except those purchased by 
others pursuant to a rights offering, if the 
underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly or indirectly 
from, the transaction.




Completed by:
Dipankar Banerjee
Date:
08-22-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
08-22-2016

Global Syndicate Team Member





 

Rule 10f-3 Transaction Form
 
Acquisition of Securities During Affiliated Underwritings

Participating Funds
U.S. Registered Funds (Name of Fund, Aladdin Ticker):
iShares Core Total USD Bond Market ETF (ISHIUSB)
BlackRock Multi-Asset Income - Passive High Yield Portfolio (BR-INC-PHY)


The Offering

Key Characteristics (Complete ALL Fields)

Date of 
Offering Commencement:
11-22-2016

Security Type:
BND/CORP


Issuer
Conduent Finance Inc.-Xerox Business Services, LLC (2024)

Selling Underwriter 
Merrill Lynch, Pierce, Fenner & Smith Incorporated

Affiliated Underwriter(s)
[x] PNC Capital Markets LLC
[ ] Other:  

List of Underwriter(s)
Merrill Lynch,Pierce, Fenner & Smith Incorporated,J.P. Morgan 
Securities LLC,BNP Paribas Securities Corp.,Citigroup Global Markets 
Inc.,Credit Suisse Securities (USA) LLC.,Goldman,Sachs & 
Co.,Mizuho Securities USA Inc.,MUFG Securities Americas Inc., PNC 
Capital Markets LLC, SunTrust Robinson Humphrey,Inc.

 

Transaction Details

Date of Purchase
11-22-2016


Purchase Price/Share
(per share / % of par)
$98.672

Total Commission, 
Spread or Profit
1.750%


1.	Aggregate Principal Amount Purchased (a+b)
$1,750,000

a. US Registered Funds  
(Appendix attached with individual Fund/Client 
purchase)
$200,000

b. Other BlackRock Clients
$1,550,000

2.	Aggregate Principal Amount of Offering
$510,000,000

Fund Ratio  
[Divide Sum of #1 by #2] 
Must be less than 0.25  

0.00343


Legal Requirements

Offering Type (check ONE)
The securities fall into one of the following transaction 
types (see Definitions):
[ ] U.S. Registered Public Offering [Issuer must have 3 years 
of continuous operations]
[x] Eligible Rule 144A Offering [Issuer must have 3 years of 
continuous operations]
[ ] Eligible Municipal Securities
[ ] Eligible Foreign Offering [Issuer must have 3 years of 
continuous operations]
[ ] Government Securities Offering [Issuer must have 3 years 
of continuous operations]

Timing and Price (check ONE or BOTH)
[x] The securities were purchased before the end of the first 
day on which any sales were 
made, at a price that was not more than the price paid by each 
other purchaser of 
securities in that offering or in any concurrent offering of 
the securities; and
[ ] If the securities are offered for subscription upon
 exercise of rights, the securities were 
purchased on or before the fourth day before the day on 
which the rights offering 
terminated.

Firm Commitment Offering (check ONE)
[x]  YES
[ ]  NO
The securities were offered pursuant to an underwriting
 or similar agreement 
under which the underwriters were committed to purchase 
all of the securities 
being offered, except those purchased by others pursuant
 to a rights offering, if 
the underwriters purchased any of the securities.

No Benefit to Affiliated Underwriter (check ONE)
[x]  YES
[ ]  NO
No affiliated underwriter was a direct or indirect 
participant in, or benefited directly 
or indirectly from, the transaction.




Completed by:
Dipankar Banerjee
Date:
11-25-2016

Global Syndicate Team Member




Approved by:
Steven DeLaura
Date:
11-25-2016

Global Syndicate Team Member





 

BlackRock Funds II (the "Registrant")
BlackRock Multi-Asset Income Portfolio
BlackRock Dynamic High Income Portfolio
BlackRock Global Dividend Portfolio
(the "Funds")

77K:

Changes in registrant's certifying accountant

Effective February 15, 2017, Deloitte & Touche LLP ("D&T") was 
dismissed as the independent registered public accounting firm 
to the Funds. The Audit Committee of the Funds' Board of 
Trustees participated in, and approved, the decision to change 
the independent registered public accounting firm. D&T's reports 
on the Funds' financial statements for the fiscal periods ended 
July 31, 2016 and July 31, 2015 contained no adverse opinion or 
disclaimer of opinion nor were they qualified or modified as to 
uncertainty, audit scope or accounting principle. During the 
Funds' fiscal periods ended July 31, 2016 and July 31, 2015 and 
the subsequent interim period through February 15, 2017, (i) 
there were no disagreements with D&T on any matter of accounting 
principles or practices, financial statement disclosure or 
auditing scope or procedure, which disagreements, if not 
resolved to the satisfaction of D&T, would have caused them to 
make reference to the subject matter of the disagreements in 
connection with their reports on the Funds' financial statements 
for such periods, and (ii) there were no "reportable events" of 
the kind described in Item 304(a)(1)(v) of Regulation S-K under 
the Securities Exchange Act of 1934, as amended.
            
The Audit Committee of the Funds' Board of Trustees approved the 
engagement of PricewaterhouseCoopers LLP ("PwC") as the Funds' 
independent registered public accounting firm for the fiscal 
year ending July 31, 2017. The selection of PwC does not reflect 
any disagreements with or dissatisfaction by the Funds or the 
Board of Trustees with the performance of the Funds' prior 
independent registered public accounting firm, D&T. During the 
Funds' fiscal periods ended July 31, 2016 and July 31, 2015 and 
the subsequent interim period through February 15, 2017, neither 
the Funds, nor anyone on their behalf, consulted with PwC on 
items which: (i) concerned the application of accounting 
principles to a specified transaction, either completed or 
proposed, or the type of audit opinion that might be rendered on 
the Funds' financial statements; or (ii) concerned the subject 
of a disagreement (as defined in paragraph (a)(1)(iv) of Item 
304 of Regulation S-K) or reportable events (as described in 
paragraph (a)(1)(v) of said Item 304).
            
The Registrant has requested D&T to furnish it with a letter 
addressed to the Securities and Exchange Commission stating 
whether D&T agrees with the statements contained above. A copy 
of the letter from D&T to the Securities and Exchange Commission 
is filed as an exhibit hereto.

BlackRock Funds II
BlackRock Multi-Asset Income Portfolio
BlackRock Dynamic High Income Portfolio
BlackRock Global Dividend Portfolio
(the "Funds")


77Q1(f):

Letters from the registrant and the independent accountants 
furnished pursuant to sub-items 77K and 77L.

Attached please find as an exhibit to sub-item 77Q1(f) of Form 
N-SAR, a letter from the Funds' former independent accountant, 
Deloitte & Touche LLP. 




[PAGE BREAK]




March 28, 2017

VIA ELECTRONIC FILING

Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-7561

Dear Sirs/Madams:

We have read the exhibit to Item 77k on Form N-SAR dated March 
28, 2017 related to BlackRock Dynamic High Income Portfolio, 
BlackRock Global Dividend Portfolio, and BlackRock Multi-Asset 
Income Portfolio, each a series of BlackRock Funds II, and we 
have the following comments:

1.	We agree with the statements made in the first and third 
paragraphs and in the first and second sentences in the 
second paragraph. 

2.	We have no basis on which to agree or disagree with the 
statements made in the third sentence of the second 
paragraph.  


Yours truly,


Deloitte & Touche LLP

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