Form NPORT-P BlackRock Funds V For: Mar 31

  
    NPORT-P
    false
    
      
      
        
          0001738078
          XXXXXXXX
        
      
      
      
      
        S000062366
        C000202315
        C000202314
      
      
      
    
  
  
    
      BlackRock Funds V
      811-23339
      0001738078
      54930077DSFQPJDWM487
      100 Bellevue Parkway
      Wilmington
      
      19809
      800-441-7762
      BlackRock Sustainable Emerging Markets Bond Fund
      S000062366
      5493007O6ENRNQTXV571
      2022-12-31
      2022-03-31
      N
    
    
      21229412.41
      553955.34
      20675457.07
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      
        
          EUR
          
          
        
        
          GHS
          
          
        
        
          USD
          
          
        
      
      
      
      N
      
        
          
          
        
        
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Republic of Colombia
        549300MHDRBVRF6B9117
        
        195325CU7
        
          
        
        270000.00000000
        PA
        USD
        227525.63000000
        1.100462394759
        Long
        DBT
        NUSS
        CO
        N
        
        2
        
          2045-06-15
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Peru
        254900STKLK2DBJJZ530
        
        715638BU5
        
          
        
        100000.00000000
        PA
        USD
        103925.00000000
        0.502649105401
        Long
        DBT
        NUSS
        PE
        N
        
        2
        
          2027-08-25
          Fixed
          4.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUNGARY
        5299008DH62LEB10JK83
        
        445545AF3
        
          
        
        40000.00000000
        PA
        USD
        58157.50000000
        0.281287614600
        Long
        DBT
        NUSS
        HU
        N
        
        2
        
          2041-03-29
          Fixed
          7.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PERU
        254900STKLK2DBJJZ530
        
        715638DS8
        
          
        
        100000.00000000
        PA
        USD
        91000.00000000
        0.440135372542
        Long
        DBT
        NUSS
        PE
        N
        
        2
        
          2041-03-11
          Fixed
          3.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS INTERNATIONAL
        W22LROWP2IHZNBB6K528
        
        000000000
        
          
        
        258000.00000000
        OU
        Notional Amount
        USD
        48283.59000000
        0.233530943652
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              GOLDMAN SACHS INTERNATIONAL
              W22LROWP2IHZNBB6K528
            
            
              
                Republic of Turkey
                Republic of Turkey
                
                  
                  
                
              
            
            Y
            buy protection
            
            2027-06-22
            51510.58000000
            USD
            0.00000000
            USD
            258000.00000000
            USD
            -3226.99000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        
        040114HU7
        
          
        
        490485.00000000
        PA
        USD
        185158.09000000
        0.895545328807
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2038-01-09
          Variable
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Colombia
        549300MHDRBVRF6B9117
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        198600.00000000
        0.960559175681
        Long
        DBT
        NUSS
        CO
        N
        
        2
        
          2023-03-15
          Fixed
          2.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BANQUE OUEST AFRICAINE D
        529900LIZJABE4JJS826
        
        000000000
        
          
        
        100000.00000000
        PA
        
        102033.84000000
        0.493502221762
        Long
        DBT
        NUSS
        XX
        N
        
        2
        
          2033-01-22
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of South Africa
        378900AAFB4F17004C49
        
        836205AY0
        
          
        
        200000.00000000
        PA
        USD
        209162.50000000
        1.011646317137
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2030-06-22
          Fixed
          5.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GHANA NOTES
        213800PP4399SNNXZ126
        
        000000000
        
          
        
        1072000.00000000
        PA
        
        138938.30000000
        0.671996268472
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2023-02-20
          Fixed
          17.60000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Citibank N.A.
        B4TYDEB6GKMZO031MB27
        
        000000000
        
          
        
        1.00000000
        NC
        
        7294.54000000
        0.035281154729
        N/A
        DFE
        
        ZA
        N
        
        2
        
          
            
              Citibank N.A.
              B4TYDEB6GKMZO031MB27
            
            332801.69000000
            USD
            4984907.00000000
            ZAR
            2022-04-28
            7294.54000000
          
        
        
          N
          N
          N
        
      
      
        FED REPUBLIC OF BRAZIL
        254900ZFY40OYEADAP90
        
        105756CC2
        
          
        
        310000.00000000
        PA
        USD
        285742.50000000
        1.382037161415
        Long
        DBT
        NUSS
        BR
        N
        
        2
        
          2030-06-12
          Fixed
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        State of Qatar
        52990074F6OJOAXK4P65
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        236500.00000000
        1.143868303367
        Long
        DBT
        NUSS
        QA
        N
        
        2
        
          2049-03-14
          Fixed
          4.82000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        
        000000000
        
          
        
        -6.00000000
        NC
        USD
        26348.50000000
        0.127438536960
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Short
            
              
                CBOT US Long Bond Future
                USM2 COMDTY
              
            
            2022-06-21
            -927286.00000000
            USD
            26348.50000000
          
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        192000.00000000
        0.928637269541
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2055-01-21
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COSTA RICA GOVERNMENT
        549300S1EK2VN6XVJP58
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        197912.50000000
        0.957233977125
        Long
        DBT
        NUSS
        CR
        N
        
        2
        
          2045-03-12
          Fixed
          7.16000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KINGDOM OF MOROCCO
        529900F3MBW9XY5K1X07
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        172500.00000000
        0.834322546853
        Long
        DBT
        NUSS
        MA
        N
        
        2
        
          2032-12-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IVORY COAST
        254900ICW11T82O6H590
        
        000000000
        
          
        
        72263.95000000
        PA
        USD
        70493.48000000
        0.340952462435
        Long
        DBT
        NUSS
        CI
        N
        
        2
        
          2032-12-31
          Variable
          5.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Peru
        254900STKLK2DBJJZ530
        
        715638BM3
        
          
        
        102000.00000000
        PA
        USD
        129144.75000000
        0.624628270914
        Long
        DBT
        NUSS
        PE
        N
        
        2
        
          2050-11-18
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UNITED MEXICAN STATES
        254900EGTWEU67VP6075
        
        91087BAK6
        
          
        
        200000.00000000
        PA
        USD
        212000.00000000
        1.025370318451
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2032-04-27
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLICA ORIENT URUGUAY
        549300RDR012H2V82H43
        
        917288BK7
        
          
        
        350000.00000000
        PA
        USD
        380800.00000000
        1.841797251256
        Long
        DBT
        NUSS
        UY
        N
        
        2
        
          2031-01-23
          Fixed
          4.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Morgan Stanley & Co. International PLC
        4PQUHN3JPFGFNF3BB653
        
        000000000
        
          
        
        1.00000000
        NC
        
        -76.07000000
        -0.00036792415
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              Morgan Stanley & Co. International PLC
              4PQUHN3JPFGFNF3BB653
            
            11146.34000000
            USD
            10000.00000000
            EUR
            2022-04-28
            -76.07000000
          
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        
        000000000
        
          
        
        110000.00000000
        PA
        USD
        106700.00000000
        0.516070815937
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2027-02-27
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KAZMUNAYGAS NATIONAL CO
        2138001H1M69RFJCSH88
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        189750.00000000
        0.917754801538
        Long
        DBT
        CORP
        KZ
        N
        
        2
        
          2048-10-24
          Fixed
          6.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Colombia
        549300MHDRBVRF6B9117
        
        195325BR5
        
          
        
        400000.00000000
        PA
        USD
        360575.00000000
        1.743975955545
        Long
        DBT
        NUSS
        CO
        N
        
        2
        
          2044-02-26
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BlackRock Liquidity Funds
        5493007YVNX55LTRQ706
        
        09248U718
        
          
        
        1969575.40000000
        NS
        USD
        1969575.40000000
        9.526151675059
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        IVORY COAST
        254900ICW11T82O6H590
        
        000000000
        
          
        
        100000.00000000
        PA
        
        97163.30000000
        0.469945112560
        Long
        DBT
        NUSS
        CI
        N
        
        2
        
          2032-01-30
          Fixed
          4.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        
        000000000
        
          
        
        50000.00000000
        PA
        USD
        47312.50000000
        0.228834118828
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2032-03-27
          Fixed
          3.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF INDONESIA
        529900FWX0GRR7WG5W79
        
        455780CQ7
        
          
        
        200000.00000000
        PA
        USD
        196412.50000000
        0.949978998457
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2030-02-14
          Fixed
          2.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SERBIA
        254900W94OCY91V32O78
        
        000000000
        
          
        
        120000.00000000
        PA
        
        111675.91000000
        0.540137563207
        Long
        DBT
        NUSS
        RS
        N
        
        2
        
          2028-09-23
          Fixed
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Ghana
        213800PP4399SNNXZ126
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        139000.00000000
        0.672294689928
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2049-06-16
          Fixed
          8.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of South Africa
        378900AAFB4F17004C49
        
        836205AU8
        
          
        
        200000.00000000
        PA
        USD
        193475.00000000
        0.935771331898
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2028-10-12
          Fixed
          4.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KINGDOM OF JORDAN
        5493000JZ4MYPVMBVN50
        
        000000000
        
          
        
        250000.00000000
        PA
        USD
        231843.75000000
        1.121347640417
        Long
        DBT
        NUSS
        JO
        N
        
        2
        
          2030-07-07
          Fixed
          5.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLICA ORIENT URUGUAY
        549300RDR012H2V82H43
        
        760942BD3
        
          
        
        20762.00000000
        PA
        USD
        24243.53000000
        0.117257528662
        Long
        DBT
        NUSS
        UY
        N
        
        2
        
          2055-04-20
          Fixed
          4.98000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARAB REPUBLIC OF EGYPT
        529900GFIVH4086NMH82
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        192000.00000000
        0.928637269541
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2025-10-06
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        254900EHU7Q8FGVPI369
        
        000000000
        
          
        
        250000.00000000
        PA
        USD
        247781.25000000
        1.198431788768
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2045-01-27
          Fixed
          6.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PERU
        254900STKLK2DBJJZ530
        
        715638DF6
        
          
        
        100000.00000000
        PA
        USD
        94331.25000000
        0.456247471002
        Long
        DBT
        NUSS
        PE
        N
        
        2
        
          2031-01-23
          Fixed
          2.78000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLICA ORIENT URUGUAY
        549300RDR012H2V82H43
        
        760942BA9
        
          
        
        160000.00000000
        PA
        USD
        189380.00000000
        0.915965240133
        Long
        DBT
        NUSS
        UY
        N
        
        2
        
          2050-06-18
          Fixed
          5.10000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        
        000000000
        
          
        
        210000.00000000
        PA
        
        187592.30000000
        0.907318756556
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2033-04-14
          Fixed
          2.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Panama
        549300SHS4T08CL0LP14
        
        698299BG8
        
          
        
        200000.00000000
        PA
        USD
        199225.00000000
        0.963582083460
        Long
        DBT
        NUSS
        PA
        N
        
        2
        
          2047-05-15
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        STATE OF QATAR
        52990074F6OJOAXK4P65
        
        000000000
        
          
        
        250000.00000000
        PA
        USD
        263125.00000000
        1.272644174729
        Long
        DBT
        NUSS
        QA
        N
        
        2
        
          2030-04-16
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF TURKEY
        5493000PCHOG3B6S3Q85
        
        900123DD9
        
          
        
        270000.00000000
        PA
        USD
        235456.88000000
        1.138823094468
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2033-09-20
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS INTERNATIONAL
        W22LROWP2IHZNBB6K528
        
        000000000
        
          
        
        240000.00000000
        OU
        Notional Amount
        USD
        -5890.69000000
        -0.02849122019
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              GOLDMAN SACHS INTERNATIONAL
              W22LROWP2IHZNBB6K528
            
            
              
                SAUDI INTERNATIONAL BOND
                SAUDI INTERNATIONAL BOND
                
                  
                
              
            
            Y
            buy protection
            
            2027-06-22
            0.00000000
            USD
            -5634.89000000
            USD
            240000.00000000
            USD
            -255.80000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Indonesia
        529900FWX0GRR7WG5W79
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        213287.50000000
        1.031597508475
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2047-07-18
          Fixed
          4.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        
        040114HW3
        
          
        
        221904.00000000
        PA
        USD
        69566.90000000
        0.336470917012
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2046-07-09
          Variable
          1.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF INDONESIA
        529900FWX0GRR7WG5W79
        
        000000000
        
          
        
        180000.00000000
        PA
        
        173985.43000000
        0.841507055495
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2034-03-23
          Fixed
          1.30000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF CHILE
        549300FLZTJM5YJF8D34
        
        168863DL9
        
          
        
        200000.00000000
        PA
        USD
        183037.50000000
        0.885288771998
        Long
        DBT
        NUSS
        CL
        N
        
        2
        
          2050-01-25
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GOLDMAN SACHS INTERNATIONAL
        W22LROWP2IHZNBB6K528
        
        000000000
        
          
        
        302000.00000000
        OU
        Notional Amount
        USD
        56518.00000000
        0.273357922916
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              GOLDMAN SACHS INTERNATIONAL
              W22LROWP2IHZNBB6K528
            
            
              
                Republic of Turkey
                Republic of Turkey
                
                  
                  
                
              
            
            Y
            buy protection
            
            2027-06-22
            60295.33000000
            USD
            0.00000000
            USD
            302000.00000000
            USD
            -3777.33000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        
        040114HX1
        
          
        
        114503.00000000
        PA
        USD
        39102.77000000
        0.189126508147
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2029-07-09
          Fixed
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        COSTA RICA GOVERNMENT
        549300S1EK2VN6XVJP58
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        202350.00000000
        0.978696622352
        Long
        DBT
        NUSS
        CR
        N
        
        2
        
          2031-02-19
          Fixed
          6.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Government of Jamaica
        529900Y93KNSXZI8KK56
        
        470160CA8
        
          
        
        200000.00000000
        PA
        USD
        218537.50000000
        1.056989933814
        Long
        DBT
        NUSS
        JM
        N
        
        2
        
          2028-04-28
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ECUADOR
        5299003Y2U5XK0A35H71
        
        000000000
        
          
        
        91532.00000000
        PA
        USD
        59512.96000000
        0.287843503524
        Long
        DBT
        NUSS
        EC
        N
        
        2
        
          2035-07-31
          Variable
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OMAN GOV INTERNTL BOND
        549300SZ20F0QTKNQC75
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        196000.00000000
        0.947983879323
        Long
        DBT
        NUSS
        OM
        N
        
        2
        
          2047-03-08
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        162000.00000000
        0.783537696175
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2048-02-21
          Fixed
          7.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NPC UKRENERGO
        8945009LCLS92V4AK321
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        75000.00000000
        0.362748933414
        Long
        DBT
        CORP
        UA
        N
        
        2
        
          2026-11-09
          Fixed
          6.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SRI LANKA
        254900HXCCIOHM74FA02
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        98022.00000000
        0.474098346015
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2024-06-28
          Fixed
          6.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        JPMorgan Chase Bank N.A.
        B4TYDEB6GKMZO031MB27
        
        000000000
        
          
        
        1.00000000
        NC
        
        -8740.61000000
        -0.04227529273
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              JPMorgan Chase Bank N.A.
              B4TYDEB6GKMZO031MB27
            
            5942522.00000000
            TRY
            388654.15000000
            USD
            2022-04-28
            -8740.61000000
          
        
        
          N
          N
          N
        
      
      
        DOMINICAN REPUBLIC
        254900EHU7Q8FGVPI369
        
        000000000
        
          
        
        300000.00000000
        PA
        USD
        275493.75000000
        1.332467519664
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2030-01-30
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        254900EHU7Q8FGVPI369
        
        000000000
        
          
        
        150000.00000000
        PA
        USD
        142762.50000000
        0.690492594754
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2048-02-15
          Fixed
          6.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PANAMA
        549300SHS4T08CL0LP14
        
        698299BK9
        
          
        
        200000.00000000
        PA
        USD
        195475.00000000
        0.945444636789
        Long
        DBT
        NUSS
        PA
        N
        
        2
        
          2030-01-23
          Fixed
          3.16000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GHANA GOVERNMENT BOND
        213800PP4399SNNXZ126
        
        000000000
        
          
        
        580000.00000000
        PA
        
        76981.75000000
        0.372333969398
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2023-01-16
          Fixed
          20.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ECUADOR
        5299003Y2U5XK0A35H71
        
        000000000
        
          
        
        65050.00000000
        PA
        USD
        54206.98000000
        0.262180322381
        Long
        DBT
        NUSS
        EC
        N
        
        2
        
          2030-07-31
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        
        040114HT0
        
          
        
        663010.00000000
        PA
        USD
        201886.55000000
        0.976455075776
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2035-07-09
          Variable
          1.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        BENIN INTL GOV BOND
        635400Q11P6AE5A5Y230
        
        000000000
        
          
        
        140000.00000000
        PA
        
        126397.33000000
        0.611339955252
        Long
        DBT
        NUSS
        BJ
        N
        
        2
        
          2035-01-22
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Russian Federation
        5493004EHVGF71PDBU58
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        46000.00000000
        0.222486012494
        Long
        DBT
        NUSS
        RU
        N
        
        2
        
          2027-06-23
          Fixed
          4.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ECUADOR
        5299003Y2U5XK0A35H71
        
        000000000
        
          
        
        103735.00000000
        PA
        USD
        86443.67000000
        0.418097987905
        Long
        DBT
        NUSS
        EC
        N
        
        2
        
          2030-07-31
          Variable
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARAB REPUBLIC OF EGYPT
        529900GFIVH4086NMH82
        
        000000000
        
          
        
        300000.00000000
        PA
        USD
        258750.00000000
        1.251483820280
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2050-05-29
          Fixed
          8.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of El Salvador
        529900AKDMUSFSDOM949
        
        000000000
        
          
        
        78000.00000000
        PA
        USD
        43485.00000000
        0.210321831593
        Long
        DBT
        NUSS
        SV
        N
        
        2
        
          2025-01-30
          Fixed
          5.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America N.A.
        BFM8T61CT2L1QCEMIK50
        
        000000000
        
          
        
        1.00000000
        NC
        
        2808.03000000
        0.013581465166
        N/A
        DFE
        
        MX
        N
        
        2
        
          
            
              Bank of America N.A.
              BFM8T61CT2L1QCEMIK50
            
            110200.12000000
            USD
            2257207.00000000
            MXN
            2022-04-28
            2808.03000000
          
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        
        000000000
        
          
        
        206000.00000000
        PA
        USD
        190807.50000000
        0.922869561499
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2031-02-14
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ARGENTINA
        549300KPBYGYF7HCHO27
        
        040114HS2
        
          
        
        312240.00000000
        PA
        USD
        104600.40000000
        0.505915780463
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2030-07-09
          Variable
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America, National Association
        B4TYDEB6GKMZO031MB27
        
        000000000
        
          
        
        1.00000000
        NC
        
        4051.15000000
        0.019594004554
        N/A
        DFE
        
        BR
        N
        
        2
        
          
            
              Bank of America, National Association
              B4TYDEB6GKMZO031MB27
            
            85592.94000000
            USD
            429668.00000000
            BRL
            2022-04-28
            4051.15000000
          
        
        
          N
          N
          N
        
      
      
        Bank of America N.A.
        4PQUHN3JPFGFNF3BB653
        
        000000000
        
          
        
        1.00000000
        NC
        
        -1506.43000000
        -0.00728607834
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              Bank of America N.A.
              4PQUHN3JPFGFNF3BB653
            
            779600.00000000
            EUR
            861532.06000000
            USD
            2022-04-28
            -1506.43000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF COLOMBIA
        549300MHDRBVRF6B9117
        
        195325DZ5
        
          
        
        200000.00000000
        PA
        USD
        167600.00000000
        0.810622949870
        Long
        DBT
        NUSS
        CO
        N
        
        2
        
          2032-04-22
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KINGDOM OF BAHRAIN
        549300RODM1WN85LFQ95
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        190750.00000000
        0.922591453984
        Long
        DBT
        NUSS
        BH
        N
        
        2
        
          2032-09-16
          Fixed
          5.45000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Russian Federation
        5493004EHVGF71PDBU58
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        42000.00000000
        0.203139402712
        Long
        DBT
        NUSS
        RU
        N
        
        2
        
          2047-06-23
          Fixed
          5.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PERU
        254900STKLK2DBJJZ530
        
        715638DU3
        
          
        
        155000.00000000
        PA
        USD
        145235.00000000
        0.702451217926
        Long
        DBT
        NUSS
        PE
        N
        
        2
        
          2034-01-15
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Senegal
        549300NP14ZLQGWIUZ97
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        188500.00000000
        0.911708985981
        Long
        DBT
        NUSS
        SN
        N
        
        2
        
          2033-05-23
          Fixed
          6.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ECUADOR
        5299003Y2U5XK0A35H71
        
        000000000
        
          
        
        261945.00000000
        PA
        USD
        170313.36000000
        0.823746529149
        Long
        DBT
        NUSS
        EC
        N
        
        2
        
          2035-07-31
          Variable
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF CHILE
        549300FLZTJM5YJF8D34
        
        168863DT2
        
          
        
        200000.00000000
        PA
        USD
        182300.00000000
        0.881721740819
        Long
        DBT
        NUSS
        CL
        N
        
        2
        
          2033-07-27
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        82500.00000000
        0.399023826755
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2033-03-15
          Fixed
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UNITED MEXICAN STATES
        254900EGTWEU67VP6075
        
        000000000
        
          
        
        140000.00000000
        PA
        
        134741.22000000
        0.651696451226
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2036-08-12
          Fixed
          2.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        
        000000000
        
          
        
        -2.00000000
        NC
        USD
        7528.27000000
        0.036411625506
        N/A
        DIR
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Short
            
              
                CBOT 10 Year US Treasury Note
                TYM2 COMDTY
              
            
            2022-06-21
            -253028.27000000
            USD
            7528.27000000
          
        
        
          N
          N
          N
        
      
      
        MORGAN STANLEY & CO. INTERNATIONAL
        4PQUHN3JPFGFNF3BB653
        
        000000000
        
          
        
        240000.00000000
        OU
        Notional Amount
        USD
        10418.60000000
        0.050391147168
        N/A
        DCR
        
        US
        N
        
        2
        
          
            
              MORGAN STANLEY & CO. INTERNATIONAL
              4PQUHN3JPFGFNF3BB653
            
            
              
                REPUBLIC OF COLOMBIA
                REPUBLIC OF COLOMBIA
                
                  
                  
                
              
            
            Y
            buy protection
            
            2027-06-22
            10458.47000000
            USD
            0.00000000
            USD
            240000.00000000
            USD
            -39.87000000
          
        
        
          N
          N
          N
        
      
      
        Kingdom Of Bahrain
        549300RODM1WN85LFQ95
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        194225.00000000
        0.939398821232
        Long
        DBT
        NUSS
        BH
        N
        
        2
        
          2031-09-30
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United Mexican States
        254900EGTWEU67VP6075
        
        91087BAF7
        
          
        
        200000.00000000
        PA
        USD
        210900.00000000
        1.020050000761
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2029-04-22
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PARAGUAY
        529900UXKJTJPCU0HK83
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        209412.50000000
        1.012855480248
        Long
        DBT
        NUSS
        PY
        N
        
        2
        
          2031-04-28
          Fixed
          4.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        HUNGARY
        5299003F3UFKGCCMAP43
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        181287.50000000
        0.876824630218
        Long
        DBT
        NUSS
        HU
        N
        
        2
        
          2031-09-22
          Fixed
          2.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OMAN GOV INTERNTL BOND
        549300SZ20F0QTKNQC75
        
        000000000
        
          
        
        400000.00000000
        PA
        USD
        412000.00000000
        1.992700807557
        Long
        DBT
        NUSS
        OM
        N
        
        2
        
          2028-01-17
          Fixed
          5.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DOMINICAN REPUBLIC
        254900EHU7Q8FGVPI369
        
        000000000
        
          
        
        180000.00000000
        PA
        USD
        163102.50000000
        0.788870105496
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2032-09-23
          Fixed
          4.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Eurex Deutschland
        529900LN3S50JPU47S06
        
        000000000
        
          
        
        -2.00000000
        NC
        
        34823.04000000
        0.168426941576
        N/A
        DIR
        
        DE
        N
        
        1
        
          
            
              Eurex Deutschland
              529900LN3S50JPU47S06
            
            Short
            
              
                EUX 30 Year Euro BUXL Future
                UBM2 COMDTY
              
            
            2022-06-08
            -403878.46000000
            EUR
            34823.04000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLICA ORIENT URUGUAY
        549300RDR012H2V82H43
        
        760942AY8
        
          
        
        66238.00000000
        PA
        USD
        72129.04000000
        0.348863097709
        Long
        DBT
        NUSS
        UY
        N
        
        2
        
          2045-11-20
          Fixed
          4.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF ECUADOR
        5299003Y2U5XK0A35H71
        
        000000000
        
          
        
        115350.00000000
        PA
        USD
        65771.13000000
        0.318112096759
        Long
        DBT
        NUSS
        EC
        N
        
        2
        
          2040-07-31
          Variable
          0.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        MDGH GMTN RSC LTD
        213800WRY6FRL9IXLT77
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        200000.00000000
        0.967330489105
        Long
        DBT
        CORP
        AE
        N
        
        2
        
          2024-04-19
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ABU DHABI GOVT INT'L
        213800FER4348CINTA77
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        208750.00000000
        1.009651198003
        Long
        DBT
        NUSS
        AE
        N
        
        2
        
          2050-04-16
          Fixed
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        State Street Bank & Trust Co.
        B4TYDEB6GKMZO031MB27
        
        000000000
        
          
        
        1.00000000
        NC
        
        -72.27000000
        -0.00034954487
        N/A
        DFE
        
        US
        N
        
        2
        
          
            
              State Street Bank & Trust Co.
              B4TYDEB6GKMZO031MB27
            
            30000.00000000
            EUR
            33138.55000000
            USD
            2022-04-28
            -72.27000000
          
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF KENYA
        549300VVURQQYU45PR87
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        192500.00000000
        0.931055595763
        Long
        DBT
        NUSS
        KE
        N
        
        2
        
          2028-02-28
          Fixed
          7.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        
        000000000
        
          
        
        300000.00000000
        PA
        USD
        128250.00000000
        0.620300676138
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2024-09-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ROMANIA
        315700IASY927EDWBK92
        
        000000000
        
          
        
        60000.00000000
        PA
        USD
        62325.00000000
        0.301444363667
        Long
        DBT
        NUSS
        RO
        N
        
        2
        
          2048-06-15
          Fixed
          5.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bank of America, National Association
        B4TYDEB6GKMZO031MB27
        
        000000000
        
          
        
        1.00000000
        NC
        
        67.64000000
        0.000327151171
        N/A
        DFE
        
        XX
        N
        
        2
        
          
            
              Bank of America, National Association
              B4TYDEB6GKMZO031MB27
            
            11002.63000000
            USD
            10000.00000000
            EUR
            2022-04-28
            67.64000000
          
        
        
          N
          N
          N
        
      
      
        Republic of El Salvador
        529900AKDMUSFSDOM949
        
        000000000
        
          
        
        53000.00000000
        PA
        USD
        25837.50000000
        0.124967007561
        Long
        DBT
        NUSS
        SV
        N
        
        2
        
          2027-01-18
          Fixed
          6.38000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF GABON
        N/A
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        202037.50000000
        0.977185168463
        Long
        DBT
        NUSS
        GA
        N
        
        2
        
          2025-06-16
          Fixed
          6.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ARAB REPUBLIC OF EGYPT
        529900GFIVH4086NMH82
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        181000.00000000
        0.875434092640
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2032-05-29
          Fixed
          7.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        
        000000000
        
          
        
        400000.00000000
        PA
        USD
        388500.00000000
        1.879039475087
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2032-02-03
          Fixed
          2.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        GEORGIAN RAILWAY JSC
        2138005UZV4ZT2B2ZO19
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        165625.00000000
        0.801070561290
        Long
        DBT
        CORP
        GE
        N
        
        2
        
          2028-06-17
          Fixed
          4.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Ghana
        213800PP4399SNNXZ126
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        142000.00000000
        0.686804647264
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2032-03-26
          Fixed
          8.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF SOUTH AFRICA
        378900AAFB4F17004C49
        
        836205BA1
        
          
        
        200000.00000000
        PA
        USD
        195037.50000000
        0.943328601344
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2029-09-30
          Fixed
          4.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PERU
        254900STKLK2DBJJZ530
        
        715638DP4
        
          
        
        70000.00000000
        PA
        USD
        59950.63000000
        0.289960361200
        Long
        DBT
        NUSS
        PE
        N
        
        2
        
          2032-12-01
          Fixed
          1.86000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IVORY COAST
        254900ICW11T82O6H590
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        192662.50000000
        0.931841551786
        Long
        DBT
        NUSS
        CI
        N
        
        2
        
          2033-06-15
          Fixed
          6.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        FED REPUBLIC OF BRAZIL
        254900ZFY40OYEADAP90
        
        105756BZ2
        
          
        
        200000.00000000
        PA
        USD
        200912.50000000
        0.971743934461
        Long
        DBT
        NUSS
        BR
        N
        
        2
        
          2028-01-13
          Fixed
          4.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        
        000000000
        
          
        
        304000.00000000
        PA
        USD
        92720.00000000
        0.448454414749
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2040-05-31
          Variable
          1.26000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        EGYPT GOVERNMENT BOND
        529900GFIVH4086NMH82
        
        000000000
        
          
        
        664000.00000000
        PA
        
        35075.89000000
        0.169649889147
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2030-10-06
          Fixed
          14.66000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF CHILE
        549300FLZTJM5YJF8D34
        
        168863DN5
        
          
        
        400000.00000000
        PA
        USD
        376450.00000000
        1.820757813118
        Long
        DBT
        NUSS
        CL
        N
        
        2
        
          2032-01-27
          Fixed
          2.55000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        SAUDI INTERNATIONAL BOND
        635400FMICXSM3SI3H65
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        201000.00000000
        0.972167141550
        Long
        DBT
        NUSS
        SA
        N
        
        2
        
          2030-10-22
          Fixed
          3.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        OMAN GOV INTERNTL BOND
        549300SZ20F0QTKNQC75
        
        000000000
        
          
        
        250000.00000000
        PA
        USD
        249062.50000000
        1.204628749714
        Long
        DBT
        NUSS
        OM
        N
        
        2
        
          2048-01-17
          Fixed
          6.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PANAMA
        549300SHS4T08CL0LP14
        
        698299BM5
        
          
        
        200000.00000000
        PA
        USD
        196412.50000000
        0.949978998457
        Long
        DBT
        NUSS
        PA
        N
        
        2
        
          2056-04-01
          Fixed
          4.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ABU DHABI GOVT INT'L
        213800FER4348CINTA77
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        196000.00000000
        0.947983879323
        Long
        DBT
        NUSS
        AE
        N
        
        2
        
          2029-09-30
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UKRAINE GOVERNMENT
        6354001WLTJXOMEXPY07
        
        000000000
        
          
        
        230000.00000000
        PA
        USD
        97750.00000000
        0.472782776550
        Long
        DBT
        NUSS
        UA
        N
        
        2
        
          2025-09-01
          Fixed
          7.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        UNITED MEXICAN STATES
        254900EGTWEU67VP6075
        
        91087BAL4
        
          
        
        240000.00000000
        PA
        USD
        243360.00000000
        1.177047739143
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2051-04-27
          Fixed
          5.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        DP WORLD CRESCENT LTD
        21380096JRTWB8TL9236
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        199500.00000000
        0.964912162882
        Long
        DBT
        CORP
        KY
        
        N
        
        2
        
          2030-01-30
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Sri Lanka
        254900HXCCIOHM74FA02
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        100022.00000000
        0.483771650906
        Long
        DBT
        NUSS
        LK
        N
        
        2
        
          2025-06-03
          Fixed
          6.13000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of South Africa
        378900AAFB4F17004C49
        
        836205AX2
        
          
        
        200000.00000000
        PA
        USD
        174225.00000000
        0.842665772321
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2047-09-27
          Fixed
          5.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of El Salvador
        529900AKDMUSFSDOM949
        
        000000000
        
          
        
        140000.00000000
        PA
        USD
        65800.00000000
        0.318251730915
        Long
        DBT
        NUSS
        SV
        N
        
        2
        
          2035-06-15
          Fixed
          7.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        KAZMUNAYGAS NATIONAL CO
        2138001H1M69RFJCSH88
        
        000000000
        
          
        
        200000.00000000
        PA
        USD
        165500.00000000
        0.800465979734
        Long
        DBT
        CORP
        KZ
        N
        
        2
        
          2033-04-14
          Fixed
          3.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF PHILIPPINES
        529900RAHBALMYIJ3T08
        
        718286CC9
        
          
        
        363000.00000000
        PA
        USD
        364401.18000000
        1.762481858399
        Long
        DBT
        NUSS
        PH
        N
        
        2
        
          2028-02-01
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Ghana
        213800PP4399SNNXZ126
        
        000000000
        
          
        
        405000.00000000
        PA
        USD
        291600.00000000
        1.410367853115
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2029-05-16
          Fixed
          7.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Panama
        549300SHS4T08CL0LP14
        
        698299BF0
        
          
        
        200000.00000000
        PA
        USD
        204537.50000000
        0.989276799576
        Long
        DBT
        NUSS
        PA
        N
        
        2
        
          2028-03-17
          Fixed
          3.88000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        REPUBLIC OF GHANA
        213800PP4399SNNXZ126
        
        000000000
        
          
        
        235000.00000000
        PA
        USD
        164837.81000000
        0.797263196851
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2034-04-07
          Fixed
          8.63000000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      
      
      
      
    
    
      2022-05-02
      BlackRock Funds V
      Ann Frechette
      Ann Frechette
      Assistant Treasurer
    
  
  XXXX

Schedule of Investments (unaudited) March 31, 2022		BlackRock Sustainable Emerging Markets Bond Fund (Percentages shown are based on Net Assets)

 

 

 

1

---

Schedule of Investments (unaudited) (continued) March 31, 2022		BlackRock Sustainable Emerging Markets Bond Fund (Percentages shown are based on Net Assets)

 

 

 

S C H E D U L E    O F   I N V E S T M E N T S		2

---

Schedule of Investments (unaudited) (continued) March 31, 2022		BlackRock Sustainable Emerging Markets Bond Fund (Percentages shown are based on Net Assets)

 

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer		Value at 12/31/21				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value at 03/31/22				Shares Held at 03/31/22				Income				Capital Gain Distributions from Underlying Funds
BlackRock Liquidity Funds, T-Fund, Institutional Class		$	1,070,329			$	899,246	(a)		$	—			$	—			$	—			$	1,969,575				1,969,575			$	150			$	—

 

(a)

Represents net amount purchased (sold).

 

 

3

---

Schedule of Investments (unaudited) (continued) March 31, 2022		BlackRock Sustainable Emerging Markets Bond Fund

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Description		Number of Contracts				Expiration Date				Notional Amount (000)				Value/ Unrealized Appreciation (Depreciation)
Short Contracts
30-Year Euro Buxl Bond			2				06/08/22			$	412			$	34,823
10-Year U.S. Treasury Note			2				06/21/22				246				2,184
U.S. Long Bond			6				06/21/22				901				26,349
														$	63,356

Forward Foreign Currency Exchange Contracts

 

Currency Purchased										Currency Sold						Counterparty		Settlement Date								Unrealized Appreciation (Depreciation)
BRL			429,668							USD			85,593			Bank of America N.A.			04/28/22							$	4,051
CLP			48,388,100							USD			61,160			BNP Paribas SA			04/28/22								74
EUR			10,000							USD			11,003			Bank of America N.A.			04/28/22								68
MXN			2,257,207							USD			110,200			UBS AG			04/28/22								2,808
ZAR			4,984,907							USD			332,802			Bank of America N.A.			04/28/22								7,294
																											14,295
EUR			10,000							USD			11,146			Morgan Stanley & Co. International PLC			04/28/22								(76	)
USD			33,139							EUR			30,000			Bank of America N.A.			04/28/22								(72	)
USD			861,532							EUR			779,600			Morgan Stanley & Co. International PLC			04/28/22								(1,506	)
USD			388,654							TRY			5,942,522			Bank of America N.A.			04/28/22								(8,741	)
																											(10,395	)
																										$	3,900

OTC Credit Default Swaps — Buy Protection

 

Reference Obligations/Index		Financing Rate Paid by the Fund				Payment Frequency				Counterparty		Termination Date				Notional Amount (000)								Value				Upfront Premium Paid (Received)				Unrealized Appreciation (Depreciation)
Kingdom of Saudi Arabia			1.00	%			Quarterly			Goldman Sachs International			06/20/27				USD				240			$	(5,891	)		$	(5,635	)		$	(256	)
Republic of Colombia			1.00				Quarterly			Morgan Stanley & Co. International PLC			06/20/27				USD				240				10,418				10,458				(40	)
Republic of Turkey			1.00				Quarterly			Goldman Sachs International			06/20/27				USD				258				48,284				51,511				(3,227	)
Republic of Turkey			1.00				Quarterly			Goldman Sachs International			06/20/27				USD				302				56,518				60,295				(3,777	)
																								$	109,329			$	116,629			$	(7,300	)

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

•

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund has the ability to access;

 

•

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

 

•

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is

 

 

S C H E D U L E    O F   I N V E S T M E N T S		4

---

Schedule of Investments (unaudited) (continued) March 31, 2022		BlackRock Sustainable Emerging Markets Bond Fund

 

Fair Value Hierarchy as of Period End (continued)

determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

		Level 1				Level 2				Level 3				Total
Assets
Investments
Long-Term Investments
Corporate Bonds		$	—			$	995,375			$	—			$	995,375
Foreign Agency Obligations.			—				17,863,647				—				17,863,647
Short-Term Securities
Money Market Funds			1,969,575				—				—				1,969,575
		$	1,969,575			$	18,859,022			$	—			$	20,828,597
Derivative Financial Instruments(a)
Assets
Foreign Currency Exchange Contracts		$	—			$	14,295			$	—			$	14,295
Interest Rate Contracts			63,356				—				—				63,356
Liabilities
Credit Contracts			—				(7,300	)			—				(7,300	)
Foreign Currency Exchange Contracts			—				(10,395	)			—				(10,395	)
		$	63,356			$	(3,400	)		$	—			$	59,956

 

(a)

Derivative financial instruments are swaps, futures contracts and forward foreign currency exchange contracts. Swaps, futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

Currency Abbreviation
BRL		Brazilian Real
CLP		Chilean Peso
EGP		Egyptian Pound
EUR		Euro
MXN		Mexican Peso
TRY		Turkish Lira
USD		United States Dollar
ZAR		South African Rand

 

Portfolio Abbreviation
GMTN		Global Medium-Term Note
JSC		Joint Stock Company

 

 

5