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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number: 811-07171
| Name of Fund: |
|
BlackRock Advantage Global Fund, Inc. |
| Fund Address: |
|
100 Bellevue Parkway, Wilmington, DE 19809 |
Name and address of agent for
service: John M. Perlowski, Chief Executive Officer, BlackRock Advantage Global Fund, Inc., 55 East 52nd Street, New York, NY 10055
Registrants telephone number, including area code: (800) 441-7762
Date of fiscal year end: 06/30/2021
Date of reporting period: 06/30/2021
| Item 1 |
Report to Stockholders
|
(a) The Report to Shareholders is attached herewith.
BlackRock Advantage Global Fund, Inc.
BlackRock EuroFund
|
|
Not FDIC Insured May Lose Value No Bank Guarantee
|
The Markets in Review
Dear Shareholder,
The
12-month reporting period as of June 30, 2021 was a remarkable period of adaptation and recovery, as the global economy dealt with the implications of the coronavirus (or
COVID-19) pandemic. The United States, along with most of the world, began the reporting period emerging from a severe recession, prompted by pandemic-related restrictions that disrupted many
aspects of daily life. However, easing restrictions and robust government intervention led to a strong rebound, and the economy grew at a significant pace for the reporting period, recovering much of the output lost at the beginning of the pandemic.
Equity prices rose with the broader economy, as investors became increasingly optimistic about the economic outlook. Stocks rose through the summer
of 2020, fed by strong fiscal and monetary support and positive economic indicators. The implementation of mass vaccination campaigns and passage of an additional $1.9 trillion of fiscal stimulus further boosted stocks, and many equity indices
neared or surpassed all-time highs late in the reporting period. In the United States, both large- and small-capitalization stocks posted a significant advance. International equities also gained, as both
developed countries and emerging markets rebounded substantially.
The 10-year U.S. Treasury yield (which is
inversely related to bond prices) had fallen sharply prior to the beginning of the reporting period, which meant bonds were priced for extreme risk avoidance and economic disruption. Despite expectations of doom and gloom, the economy expanded
rapidly, stoking inflation concerns in early 2021, which led to higher yields and a negative overall return for most U.S. Treasuries. In the corporate bond market, support from the U.S. Federal Reserve (the Fed) assuaged credit concerns
and led to substantial returns for high-yield corporate bonds, although investment-grade corporates declined slightly.
The Fed remained committed to
accommodative monetary policy by maintaining near zero interest rates and by reiterating that inflation could exceed its 2% target for a sustained period without triggering a rate increase. Late in the period the Fed elaborated on their expected
timeline, raising the likelihood of slower bond purchasing and the possibility of higher rates in 2023.
Looking ahead, while coronavirus-related
disruptions have clearly hindered worldwide economic growth, we believe that the global expansion will continue to accelerate as vaccination efforts ramp up and pent-up consumer demand leads to higher
spending. While we expect inflation to increase somewhat as the expansion continues, we believe the recent uptick owes more to temporary supply disruptions than a lasting change in fundamentals. The change in Fed policy also means that moderate
inflation is less likely to be followed by interest rate hikes that could threaten the economic expansion.
Overall, we favor a moderately positive
stance toward risk, with an overweight in equities. Sectors that are better poised to manage the transition to a lower-carbon world, such as technology and healthcare, are particularly attractive in the long-term. U.S. small-caps and European
equities are likely to benefit from the continuing vaccine-led restart. We are underweight long-term on credit, but inflation-protected U.S. Treasuries, Asian fixed income, and Chinese government bonds offer
potential opportunities. We believe that international diversification and a focus on sustainability can help provide portfolio resilience, and the disruption created by the coronavirus appears to be accelerating the shift toward sustainable
investments.
In this environment, our view is that investors need to think globally, extend their scope across a broad array of asset classes, and
be nimble as market conditions change. We encourage you to talk with your financial advisor and visit blackrock.com for further insight about investing in todays markets.
Sincerely,
Rob Kapito
President, BlackRock Advisors, LLC
Rob Kapito
President, BlackRock Advisors, LLC
|
|
|
|
|
| Total Returns as of June 30, 2021 |
| |
|
|
| |
|
6-Month |
|
12-Month |
|
|
|
|
U.S. large cap equities
(S&P 500® Index)
|
|
15.25% |
|
40.79% |
|
|
|
|
U.S. small cap equities
(Russell 2000® Index)
|
|
17.54 |
|
62.03 |
|
|
|
|
International equities
(MSCI Europe, Australasia, Far East
Index)
|
|
8.83 |
|
32.35 |
|
|
|
|
Emerging market equities
(MSCI Emerging Markets Index)
|
|
7.45 |
|
40.90 |
|
|
|
|
3-month Treasury
bills
(ICE BofA 3-Month
U.S. Treasury Bill Index)
|
|
0.02 |
|
0.09 |
|
|
|
|
U.S. Treasury securities
(ICE BofA 10-Year
U.S. Treasury Index)
|
|
(4.10) |
|
(5.89) |
|
|
|
|
U.S. investment grade bonds
(Bloomberg Barclays
U.S.
Aggregate Bond Index)
|
|
(1.60) |
|
(0.33) |
|
|
|
|
Tax-exempt municipal
bonds
(S&P Municipal Bond Index)
|
|
1.24 |
|
4.20 |
|
|
|
|
U.S. high yield bonds
(Bloomberg Barclays
U.S. Corporate High
Yield 2% Issuer Capped Index)
|
|
3.61 |
|
15.34 |
|
|
Past performance is not an indication of future results.
Index performance is shown for illustrative purposes only. You cannot invest directly in an index.
|
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|
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| 2 |
|
T H I S P A G E I S N
O T P A R T O F Y O U R F U N D
R E P O R T
|
Table of Contents
|
|
|
| Fund Summary as of June 30, 2021 |
|
BlackRock Advantage Global Fund, Inc. |
Investment Objective
BlackRock Advantage Global Fund,
Inc.s (the Fund) investment objective is to seek long-term capital appreciation.
Portfolio Management Commentary
How did the Fund perform?
For the 12-month period ended June 30, 2021, the Fund underperformed its benchmark, the MSCI All Country World Index.
What
factors influenced performance?
The Fund delivered mixed performance against the market rotations during the period. Initially, markets benefited
from early stages of reopening as COVID-19 induced lockdowns eased. However, stronger-than-expected efficacy data from vaccine developers in November 2020 provided an accelerated recovery. This prompted a
sharp rotation toward cyclical styles, at the expense of momentum, as investors brought forward expectations for an economic rebound. This became the dominant theme into the second half of the 12-month period
as vaccine rollouts supported an ebullient market tone. However, stronger inflationary data in June 2021 prompted a surprisingly hawkish response from the Fed. This led to another rotation as the reflationary theme retreated with several 2020
secular growth themes regaining market leadership.
This market backdrop adversely impacted Fund performance with losses isolated to the inflection
points in the fourth quarter of 2020 and second quarter of 2021. October 2020 proved challenging, as investor focus shifted away from company fundamentals. The combination of the pending U.S. presidential election, rising COVID cases in Europe and
questions around further fiscal stimulus led to profit taking. This accelerated in November 2020 with trend-based sentiment measures under significant pressure as the market rotated away from momentum styles. Several stock selection insights that
drove gains in the aftermath of the COVID lockdowns, such as identifying work from home, e-commerce and COVID-related sentiment measures, all struggled amid the rotation toward
pro-cyclical, pro-risk exposures.
Fund performance improved until the
end of the period as the portfolio successfully captured the reflationary environment. However, those insights struggled following the Feds mid-June policy pivot given the rotation back toward 2020
secular growth stories. At this time, the combination of macro thematic regime timing and fundamental valuation-based insights weighed on Fund performance having motivated a pro-reflation/recovery posture in
the portfolio, which ran against shifting investor preferences.
Additionally, a few broader performance themes persisted during the period. First,
given the volatility around style rotations, macro insights that look to dynamically time style exposures struggled. Second, insights that prefer lower-risk securities steadily lagged as markets were strongly higher throughout the period, despite
the style rotations. Finally, measures related to environmental, social and governance factors struggled as early gains across environmental transition insights ran against the strong reflationary theme, which dominated markets for most of the
period since November 2020.
While market inflection points proved challenging, stock selection measures generated gains after the rotations,
partially offsetting Fund losses. Notably, this was reflected in performance strength early in the period as well as the beginning of 2021. Sentiment measures proved resilient in correctly capturing the evolving market landscape. Insights
identifying trends across fundamentals as well as sentiment from executive and sell side analysts were broadly additive. Additionally, several reopening-focused insights provided gains despite the shift in June 2021. Capturing vaccine rollout trends
across geographies to identify economic activity was one of the best performers. Similarly, looking at measures of mobility performed well as economies benefited from a strong rebound in 2021. Elsewhere, insights leveraging transaction data from
consumers in China successfully captured economic recovery with positions across European luxury goods. Finally, stock selection within emerging markets was relatively strong overall, highlighted by gains across industrials and technology stocks
within Taiwan as the region benefited from an early economic recovery.
Describe recent portfolio activity.
The Fund maintained a balanced allocation of risk across all major return drivers over the period. There were, however, several new signals added within
the stock selection group of insights. These included a new insight that looks to capture companies within Europe likely to benefit from fiscal measures supporting sustainable businesses. Additionally, given the dynamism of the current environment,
the Fund has instituted enhanced signal constructs to best identify emerging trends, such as sentiment around vaccine deployment and news as well as sensitivity to a reflationary environment.
Describe portfolio positioning at period end.
The Fund was
positioned essentially neutrally from a geographic and sector perspective at period end. The Fund had slightly overweight allocations to the consumer discretionary and information technology sectors and slight underweights to consumer staples and
utilities. In country and regional terms, the Fund had slight overweight positions to North America (United States and Canada) as well as Sweden, and slight underweights across Asia, specifically Japan and China.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or
other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
|
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| 4 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
| Fund Summary as of June 30, 2021 (continued) |
|
BlackRock Advantage Global Fund, Inc. |
TOTAL RETURN BASED ON A $10,000 INVESTMENT
| |
(a) |
Assuming maximum sales charge, if any, transaction costs and other operating expenses, including investment advisory
fees. Institutional Shares do not have a sales charge..
|
|
| |
(b) |
The Fund primarily intends to invest in equity securities or other financial instruments that are components of, or
have characteristics similar to, the securities included in the MSCI All CountryWorld Index. The Funds returns prior to October 26, 2017, are the returns of the Fund when it followed a different investment objective and different
investment strategies under the name BlackRock Global SmallCap Fund, Inc.
|
|
| |
(c) |
MSCI All Country World Index comprises large and mid-capitalization developed
and emerging market equities.
|
|
Performance Summary for the Period Ended June 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Average Annual Total Returns(a)(b) |
|
|
|
|
|
|
| |
|
|
|
|
1 Year |
|
|
5 Years |
|
|
10 Years |
|
|
|
|
|
|
|
|
|
| |
|
6-Month
Total
Returns |
|
|
Without
Sales
Charge |
|
|
With
Sales
Charge |
|
|
Without
Sales
Charge |
|
|
With
Sales
Charge |
|
|
Without
Sales
Charge |
|
|
With
Sales
Charge |
|
|
|
|
|
|
|
|
|
|
Institutional
|
|
|
11.99 |
% |
|
|
38.23 |
% |
|
|
N/A |
|
|
|
14.34 |
% |
|
|
N/A |
|
|
|
9.65 |
% |
|
|
N/A |
|
|
Investor A
|
|
|
11.88 |
|
|
|
37.91 |
|
|
|
30.67 |
% |
|
|
14.01 |
|
|
|
12.79 |
% |
|
|
9.32 |
|
|
|
8.73 |
% |
|
Investor C
|
|
|
11.47 |
|
|
|
36.88 |
|
|
|
35.88 |
|
|
|
13.15 |
|
|
|
13.15 |
|
|
|
8.62 |
|
|
|
8.62 |
|
|
Class K
|
|
|
12.08 |
|
|
|
38.34 |
|
|
|
N/A |
|
|
|
14.39 |
|
|
|
N/A |
|
|
|
9.68 |
|
|
|
N/A |
|
|
Class R
|
|
|
11.76 |
|
|
|
37.52 |
|
|
|
N/A |
|
|
|
13.69 |
|
|
|
N/A |
|
|
|
8.96 |
|
|
|
N/A |
|
|
|
|
|
|
|
|
|
|
MSCI All Country World Index
|
|
|
12.30 |
|
|
|
39.26 |
|
|
|
N/A |
|
|
|
14.61 |
|
|
|
N/A |
|
|
|
9.90 |
|
|
|
N/A |
|
| |
(a) |
Assuming maximum sales charges, if any. Average annual total returns with and without sales charges reflect reductions
for distribution and service fees. See About Fund Performance for a detailed description of share classes, including any related sales charges and fees, and how performance was calculated for certain share classes.
|
|
| |
(b) |
The Fund primarily intends to invest in equity securities or other financial instruments that are components of, or
have characteristics similar to, the securities included in the MSCI All Country World Index. The Funds returns prior to October 26, 2017, are the returns of the Fund when it followed a different investment objective and different
investment strategies under the name BlackRock Global SmallCap Fund, Inc.
|
|
N/A Not applicable as the share class and index do not have a sales charge.
Past performance is not an indication of future results.
Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.
Expense Example
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Actual |
|
|
|
|
Hypothetical(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Beginning
Account Value
(01/01/21) |
|
|
|
Ending
Account Value
(06/30/21) |
|
|
|
Expenses
Paid During
the Period |
(b) |
|
|
|
|
Beginning
Account Value
(01/01/21) |
|
|
|
Ending
Account Value
(06/30/21) |
|
|
|
Expenses
Paid During
the Period |
(b) |
|
|
Annualized
Expense
Ratio |
|
|
|
|
|
|
|
|
|
|
|
Institutional
|
|
|
$ 1,000.00 |
|
|
|
$ 1,119.90 |
|
|
|
$ 3.73 |
|
|
|
|
|
$ 1,000.00 |
|
|
|
$ 1,021.27 |
|
|
|
$ 3.56 |
|
|
|
0.71 |
% |
|
Investor A
|
|
|
1,000.00 |
|
|
|
1,118.80 |
|
|
|
5.04 |
|
|
|
|
|
1,000.00 |
|
|
|
1,020.03 |
|
|
|
4.81 |
|
|
|
0.96 |
|
|
Investor C
|
|
|
1,000.00 |
|
|
|
1,114.70 |
|
|
|
8.97 |
|
|
|
|
|
1,000.00 |
|
|
|
1,016.31 |
|
|
|
8.55 |
|
|
|
1.71 |
|
|
Class K
|
|
|
1,000.00 |
|
|
|
1,120.80 |
|
|
|
3.47 |
|
|
|
|
|
1,000.00 |
|
|
|
1,021.52 |
|
|
|
3.31 |
|
|
|
0.66 |
|
|
Class R
|
|
|
1,000.00 |
|
|
|
1,117.60 |
|
|
|
6.35 |
|
|
|
|
|
1,000.00 |
|
|
|
1,018.79 |
|
|
|
6.06 |
|
|
|
1.21 |
|
| |
(a) |
Hypothetical 5% annual return before expenses is calculated by prorating the number of days in the most recent fiscal
half year divided by 365.
|
|
| |
(b) |
For each class of the Fund, expenses are equal to the annualized expense ratio for the class, multiplied by the average
account value over the period, multiplied by 181/365 (to reflect the six-month period shown).
|
|
|
|
|
| Fund Summary as of June 30, 2021 (continued) |
|
BlackRock Advantage Global Fund, Inc. |
Portfolio Information
|
|
|
|
|
|
TEN LARGEST HOLDINGS
|
|
|
|
|
| |
|
| Security |
|
Percent of
Net Assets |
|
|
|
|
Apple, Inc.
|
|
|
4 |
% |
|
Microsoft Corp.
|
|
|
2 |
|
|
Amazon.com, Inc.
|
|
|
2 |
|
|
Johnson & Johnson
|
|
|
2 |
|
|
Visa, Inc., Class A
|
|
|
2 |
|
|
Alphabet, Inc., Class C
|
|
|
1 |
|
|
Alphabet, Inc., Class A
|
|
|
1 |
|
|
UnitedHealth Group, Inc.
|
|
|
1 |
|
|
Comcast Corp., Class A
|
|
|
1 |
|
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
|
|
1 |
|
|
|
|
|
|
|
GEOGRAPHIC ALLOCATION
|
|
|
|
|
| |
|
| Country/Geographic Region |
|
Percent of
Net Assets |
|
|
|
|
United States
|
|
|
60 |
% |
|
Japan
|
|
|
5 |
|
|
China
|
|
|
4 |
|
|
Canada
|
|
|
4 |
|
|
United Kingdom
|
|
|
3 |
|
|
Taiwan
|
|
|
3 |
|
|
Germany
|
|
|
3 |
|
|
France
|
|
|
2 |
|
|
Sweden
|
|
|
2 |
|
|
India
|
|
|
2 |
|
|
Ireland
|
|
|
1 |
|
|
Netherlands
|
|
|
1 |
|
|
Switzerland
|
|
|
1 |
|
|
Hong Kong
|
|
|
1 |
|
|
South Korea
|
|
|
1 |
|
|
Australia
|
|
|
1 |
|
|
Israel
|
|
|
1 |
|
|
Denmark
|
|
|
1 |
|
|
Malaysia
|
|
|
1 |
|
|
Finland
|
|
|
1 |
|
|
Brazil
|
|
|
1 |
|
|
Argentina
|
|
|
1 |
|
|
Other
|
|
|
|
# |
|
Liabilities in Excess of Other Assets
|
|
|
( |
)(a) |
| (a) |
Rounds to less than 1% of net assets.
|
| # |
Includes holdings within countries that are 1% or less of net assets. Please refer to the Schedule of Investments for
such countries.
|
|
|
|
| 6 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
| Fund Summary as of June 30, 2021 |
|
BlackRock EuroFund |
Investment Objective
BlackRock EuroFunds (the Fund) investment objective is to seek capital appreciation primarily through investment in
equities of corporations domiciled in European countries.
Portfolio Management Commentary
How did the Fund perform?
For the 12-month period ended June 30, 2021, the Fund outperformed its benchmark, the MSCI EMU Index
What factors influenced
performance?
European equities produced strong gains over the reporting period. The global markets rallied in this time, as the approval of a COVID-19 vaccine prompted investors to upgrade their outlook for both economic growth and corporate earnings. Stocks were further boosted by expectations that world central banks would maintain their highly
accommodative monetary policies.
The Fund outperformed its benchmark with stock selection and sector allocations both contributing to results.
Within industrials, the freight forwarding and logistics company DSV Panalpina A/S (Denmark) was the strongest contributor. The company exceeded
expectations on the cost synergies from its Panalpina merger. More recently, it announced the acquisition of Kuwait-based Agilitys logistics business in a $4.1 billion transaction, which will make it the third-largest global freight
forwarder.
Positions in the Netherlands-based semiconductor companies ASML Holding NV and BE Semiconductor Industries NV were top performers, as
well. Both benefited from growth in their end markets through trends such as the growing penetration of electric vehicles and a stronger-than-expected smart phone cycle.
The Funds holdings in luxury-goods producers further helped results. The investment adviser viewed companies in this area as beneficiaries of the
rotation of discretionary spending away from experiences and travel. The portfolios large position in LVMH Moët Hennessy Louis Vuitton SE (France) outperformed as the trend of increased luxury spending indeed came to fruition. The company
generated strong results in its leather and fashion goods segment, as well as in wine and spirits. In addition, its newly acquired U.S. brand Tiffany experienced a particularly positive start to the year.
The lack of a position in the German pharmaceutical giant Bayer AG, which issued a profit warning and wrote down assets in its agricultural business, also
added value.
On the other hand, a zero weighting in Daimler AG was the largest detractor. The auto sector performed well as many companies announced
ambitious plans in the electric vehicle (EV) space. However, the Funds investment adviser is not convinced that many of the car manufacturers will actually benefit from the electrification trend. There is no clear evidence for
market share gains for the European automakers at this point, and the investment adviser does not expect EVs to be more profitable than traditional combustion engine vehicles in the long term.
A number of positions in stocks tied to the re-opening trend lagged as the slow pace of the vaccine roll-out and local lockdowns continued to dominate news headlines. The payment company Worldline SA (France), which would benefit from customers returning to stores, was a key detractor.
Holdings in the exchange operator Deutsche Boerse AG (Germany) and the pharmaceutical company Sanofi SA (France) detracted from relative performance. Both
are defensive stocks that lagged the rally in the broader market. Not owning Deutsche Post AG (Germany), which benefited from strength in e-commerce, further hurt results.
Describe recent portfolio activity.
Portfolio activity was
relatively limited, with turnover of just 26% over the past 12 months.
At the beginning of the period, the investment adviser increased the
Funds allocation to the financials sector on the belief that many stocks had fallen too far given the unprecedented global stimulus and companies stronger capital positions. The investment adviser therefore saw an opportunity to benefit
from the upward re-rating of select mispriced institutions such as KBC Group NV (Belgium) and BNP Paribas SA (France), as well the insurance provider Allianz SE (Germany). The investment adviser further added
to the position in BNP following the vaccine announcement in November 2020, allowing the Fund to capitalize on the subsequent rally in the stock. The Fund also participated in the initial public offering of Allfunds Group PLC (Netherlands), a
leading wealth-technology platform that provides an open marketplace for asset managers and distributors. More recently, the investment adviser reduced the position in financials due to the rally in the sector.
Toward the end of 2020, the Fund initiated a new investment in Ferrari NV (Italy) on the view that consensus earnings estimates for the coming years may
be too low. The investment adviser believes Ferrari has strong pricing power, brand desirability, and visibility regarding future income due to its long waiting list for cars.
Within industrials, the investment adviser added to the Funds position in the call center operator Teleperformance (France). The investment adviser
believes the company has upside in its medium-term outlook due to important contract wins, continued organic growth and an underappreciated potential for profit-margin expansion through its work-from-home business model.
Throughout the fiscal year, the investment adviser also took advantage of share price weakness in COVID-sensitive stocks such as the German
event-ticketing company TS Eventim AG & Co KGaA.
Describe portfolio positioning at period end.
The portfolio had a cyclical bias, with overweight positions in the industrials, information technology and consumer discretionary sectors. The Fund was
underweight in consumer staples, utilities, communication services, energy, financials, materials, health care and real estate.
|
|
|
| Fund Summary as of June 30, 2021 (continued) |
|
BlackRock EuroFund |
The
views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee
of future results.
TOTAL RETURN BASED ON A $10,000 INVESTMENT
| |
(a) |
Assuming maximum sales charge, if any, transaction costs and other operating expenses, including investment advisory
fees. Institutional Shares do not have a sales charge.
|
|
| |
(b) |
Under normal circumstances, the Fund will invest at least 80% of its net assets in equity securities, including common
stock and convertible securities, of companies located in Europe. The Fund currently expects that a majority of the Funds assets will be invested in equity securities of companies located in countries participating in the European Monetary
Union (the Eurozone). The Funds total returns prior to October 23, 2018, are the returns of the Fund when it followed different investment strategies.
|
|
| |
(c) |
MSCI EMU Index captures large- and mid-cap representation across certain
Developed Markets countries in the European Economic and Monetary Union.
|
|
Performance Summary for the Period Ended June 30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Average Annual Total Returns(a)(b) |
|
|
|
|
|
|
| |
|
|
|
|
1 Year |
|
|
5 Years |
|
|
10 Years |
|
|
|
|
|
|
|
|
|
| |
|
6-Month
Total
Returns |
|
|
Without
Sales
Charge |
|
|
With
Sales
Charge |
|
|
Without
Sales
Charge |
|
|
With
Sales
Charge |
|
|
Without
Sales
Charge |
|
|
With
Sales
Charge |
|
|
|
|
|
|
|
|
|
|
Institutional
|
|
|
12.88 |
% |
|
|
42.14 |
% |
|
|
N/A |
|
|
|
10.43 |
% |
|
|
N/A |
|
|
|
5.69 |
% |
|
|
N/A |
|
|
Investor A
|
|
|
12.79 |
|
|
|
41.85 |
|
|
|
34.40 |
% |
|
|
10.20 |
|
|
|
9.02 |
% |
|
|
5.47 |
|
|
|
4.91 |
% |
|
Investor C
|
|
|
12.27 |
|
|
|
40.81 |
|
|
|
39.81 |
|
|
|
9.34 |
|
|
|
9.34 |
|
|
|
4.78 |
|
|
|
4.78 |
|
|
Class K
|
|
|
12.97 |
|
|
|
42.36 |
|
|
|
N/A |
|
|
|
10.55 |
|
|
|
N/A |
|
|
|
5.75 |
|
|
|
N/A |
|
|
Class R
|
|
|
12.56 |
|
|
|
41.40 |
|
|
|
N/A |
|
|
|
9.68 |
|
|
|
N/A |
|
|
|
4.94 |
|
|
|
N/A |
|
|
|
|
|
|
|
|
|
|
MSCI EMU Index
|
|
|
11.73 |
|
|
|
37.48 |
|
|
|
N/A |
|
|
|
11.55 |
|
|
|
N/A |
|
|
|
5.16 |
|
|
|
N/A |
|
| |
(a) |
Assuming maximum sales charges, if any. Average annual total returns with and without sales charges reflect reductions
for distribution and service fees. See About Fund Performance for a detailed description of share classes, including any related sales charges and fees, and how performance was calculated for certain share classes.
|
|
| |
(b) |
Under normal circumstances, the Fund will invest at least 80% of its net assets in equity securities, including common
stock and convertible securities, of companies located in Europe. The Fund currently expects that a majority of the Funds assets will be invested in equity securities of companies located in countries participating in the European Monetary
Union (the Eurozone). The Funds total returns prior to October 23, 2018, are the returns of the Fund when it followed different investment strategies.
|
|
N/A Not applicable as the share class and index do not have a sales charge.
Past performance is not an indication of future results.
Performance results may include adjustments made for financial reporting purposes in accordance with U.S. generally accepted accounting principles.
Expense Example
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Actual |
|
|
|
|
|
Hypothetical(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Beginning
Account Value
(01/01/21) |
|
|
|
Ending
Account Value
(06/30/21) |
|
|
|
Expenses
Paid During
the Period |
(b) |
|
|
|
|
|
|
Beginning
Account Value
(01/01/21) |
|
|
|
Ending
Account Value
(06/30/21) |
|
|
|
Expenses
Paid During
the Period |
(b) |
|
|
Annualized
Expense
Ratio |
|
|
|
|
|
|
|
|
|
|
|
Institutional
|
|
|
$ 1,000.00 |
|
|
|
$ 1,128.80 |
|
|
|
$ 5.70 |
|
|
|
|
|
|
|
$ 1,000.00 |
|
|
|
$ 1,019.44 |
|
|
|
$ 5.41 |
|
|
|
1.08 |
% |
|
Investor A
|
|
|
1,000.00 |
|
|
|
1,127.90 |
|
|
|
6.91 |
|
|
|
|
|
|
|
1,000.00 |
|
|
|
1,018.30 |
|
|
|
6.56 |
|
|
|
1.31 |
|
|
Investor C
|
|
|
1,000.00 |
|
|
|
1,122.70 |
|
|
|
10.95 |
|
|
|
|
|
|
|
1,000.00 |
|
|
|
1,014.48 |
|
|
|
10.39 |
|
|
|
2.08 |
|
|
Class K
|
|
|
1,000.00 |
|
|
|
1,129.70 |
|
|
|
5.12 |
|
|
|
|
|
|
|
1,000.00 |
|
|
|
1,019.98 |
|
|
|
4.86 |
|
|
|
0.97 |
|
|
Class R
|
|
|
1,000.00 |
|
|
|
1,125.60 |
|
|
|
9.12 |
|
|
|
|
|
|
|
1,000.00 |
|
|
|
1,016.22 |
|
|
|
8.65 |
|
|
|
1.73 |
|
| |
(a) |
Hypothetical 5% annual return before expenses is calculated by prorating the number of days in the most recent fiscal
half year divided by 365.
|
|
| |
(b) |
For each class of the Fund, expenses are equal to the annualized expense ratio for the class, multiplied by the average
account value over the period, multiplied by 181/365 (to reflect the six-month period shown).
|
|
|
|
|
| 8 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
| Fund Summary as of June 30, 2021 (continued) |
|
BlackRock EuroFund |
Portfolio
Information
TEN LARGEST HOLDINGS
|
|
|
|
|
| |
|
| Security |
|
Percent of
Net Assets |
|
|
ASML Holding NV
|
|
|
9 |
% |
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
|
7 |
|
|
Schneider Electric SE
|
|
|
4 |
|
|
BNP Paribas SA
|
|
|
4 |
|
|
DSV Panalpina A/S
|
|
|
3 |
|
|
Kering SA
|
|
|
3 |
|
|
Sanofi
|
|
|
3 |
|
|
Safran SA
|
|
|
3 |
|
|
Teleperformance
|
|
|
3 |
|
|
Allianz SE
|
|
|
3 |
|
GEOGRAPHIC ALLOCATION
|
|
|
|
|
| |
|
| Country/Geographic Region |
|
Percent of
Net Assets |
|
|
France
|
|
|
36 |
% |
|
Germany
|
|
|
17 |
|
|
Netherlands
|
|
|
16 |
|
|
Italy
|
|
|
7 |
|
|
Finland
|
|
|
6 |
|
|
United Kingdom
|
|
|
5 |
|
|
Denmark
|
|
|
4 |
|
|
Switzerland
|
|
|
3 |
|
|
Europe
|
|
|
2 |
|
|
Belgium
|
|
|
1 |
|
|
Ireland
|
|
|
1 |
|
|
Spain
|
|
|
1 |
|
|
Portugal
|
|
|
1 |
|
|
United States
|
|
|
|
(a) |
|
Liabilities in Excess of Other Assets
|
|
|
( |
)(a) |
| (a) |
Rounds to less than 1% of net assets.
|
About Fund Performance
Institutional and Class K Shares are not subject to any sales charge. These shares bear no ongoing distribution or service fees
and are available only to certain eligible investors. Class K Shares performance shown prior to the Class K Shares inception date of January 25, 2018 is that of Institutional Shares. The performance of each Funds Class K
Shares would be substantially similar to Institutional Shares because Class K Shares and Institutional Shares invest in the same portfolio of securities and performance would only differ to the extent that Class K Shares and Institutional
Shares have different expenses. The actual returns of Class K Shares would have been higher than those of the Institutional Shares because Class K Shares have lower expenses than the Institutional Shares.
Investor A Shares are subject to a maximum initial sales charge (front-end load) of 5.25% and a service fee
of 0.25% per year (but no distribution fee). Certain redemptions of these shares may be subject to a contingent deferred sales charge (CDSC) where no initial sales charge was paid at the time of purchase. These shares are generally
available through financial intermediaries.
Investor C Shares are subject to a 1.00% CDSC if redeemed within one year of purchase. In
addition, these shares are subject to a distribution fee of 0.75% per year and a service fee of 0.25% per year. These shares are generally available through financial intermediaries. These shares automatically convert to Investor A Shares after
approximately eight years.
Class R Shares are not subject to any sales charge. These shares are subject to a distribution
fee of 0.25% per year and a service fee of 0.25% per year. These shares are available only to certain employer-sponsored retirement plans.
Past
performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time, and may continue to affect
adversely the value and liquidity of the Funds investments. As a result, current performance may be lower or higher than the performance data quoted. Refer to blackrock.com to obtain performance data current to the most recent month-end. Performance results do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Figures shown in the performance tables assume reinvestment
of all distributions, if any, at net asset value (NAV) on the ex-dividend date or payable date, as applicable. Investment return and principal value of shares will fluctuate so that shares, when
redeemed, may be worth more or less than their original cost. Distributions paid to each class of shares will vary because of the different levels of service, distribution and transfer agency fees applicable to each class, which are deducted from
the income available to be paid to shareholders.
BlackRock Advisors, LLC (the Manager), each Funds investment adviser, has
contractually and/or voluntarily agreed to waive and/or reimburse a portion of each Funds expenses. Without such waiver(s) and/or reimbursement(s), each Funds performance would have been lower. With respect to each Funds
voluntary waiver(s), if any, the Manager is under no obligation to waive and/or reimburse or to continue waiving and/or reimbursing its fees and such voluntary waiver(s) may be reduced or discontinued at any time. With respect to each Funds
contractual waiver(s), if any, the Manager is under no obligation to continue waiving and/or reimbursing its fees after the applicable termination date of such agreement. See the Notes to Financial Statements for additional information on waivers
and/or reimbursements.
Disclosure of Expenses
Shareholders of each Fund may incur the following charges: (a) transactional expenses, such as sales charges; and (b) operating expenses,
including investment advisory fees, service and distribution fees, including 12b-1 fees, acquired fund fees and expenses, and other fund expenses. The expense examples shown (which are based on a hypothetical
investment of $1,000 invested on January 1, 2021 and held through June 30, 2021) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of
investing in other mutual funds.
The expense examples provide information about actual account values and actual expenses. In order to estimate the
expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number corresponding to their Fund and share class under the heading entitled
Expenses Paid During the Period.
The expense examples also provide information about hypothetical account values and hypothetical
expenses based on a Funds actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in these Funds and other funds, compare the 5%
hypothetical examples with the 5% hypothetical examples that appear in shareholder reports of other funds.
The expenses shown in the expense examples
are intended to highlight shareholders ongoing costs only and do not reflect transactional expenses, such as sales charges, if any. Therefore, the hypothetical examples are useful in comparing ongoing expenses only, and will not help
shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.
Derivative Financial Instruments
The Funds
may invest in various derivative financial instruments. These instruments are used to obtain exposure to a security, commodity, index, market, and/or other assets without owning or taking physical custody of securities, commodities and/or other
referenced assets or to manage market, equity, credit, interest rate, foreign currency exchange rate, commodity and/or other risks. Derivative financial instruments may give rise to a form of economic leverage and involve risks, including the
imperfect correlation between the value of a derivative financial instrument and the underlying asset, possible default of the counterparty to the transaction or illiquidity of the instrument. The Funds successful use of a derivative financial
instrument depends on the investment advisers ability to predict pertinent market movements accurately, which cannot be assured. The use of these instruments may result in losses greater than if they had not been used, may limit the amount of
appreciation a Fund can realize on an investment and/or may result in lower distributions paid to shareholders. The Funds investments in these instruments, if any, are discussed in detail in the Notes to Financial Statements.
|
|
|
| 10 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
|
Schedule of Investments
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
Common Stocks
|
|
|
| Argentina(a) 0.5% |
|
|
Despegar.com Corp.
|
|
|
1,065 |
|
|
$ |
14,069 |
|
|
Globant SA
|
|
|
606 |
|
|
|
132,823 |
|
|
MercadoLibre, Inc.
|
|
|
1,439 |
|
|
|
2,241,660 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,388,552 |
|
|
|
| Australia 1.1% |
|
|
|
|
|
Aristocrat Leisure Ltd.
|
|
|
24,317 |
|
|
|
785,014 |
|
|
ASX Ltd.
|
|
|
2,341 |
|
|
|
136,470 |
|
|
Bendigo & Adelaide Bank Ltd.
|
|
|
25,037 |
|
|
|
196,852 |
|
|
BHP Group Ltd.
|
|
|
21,080 |
|
|
|
766,897 |
|
|
Brambles Ltd.
|
|
|
1,767 |
|
|
|
15,164 |
|
|
Commonwealth Bank of Australia
|
|
|
9,429 |
|
|
|
706,068 |
|
|
CSL Ltd.
|
|
|
2,541 |
|
|
|
543,440 |
|
|
Goodman Group
|
|
|
22,158 |
|
|
|
350,665 |
|
|
Iluka Resources Ltd.
|
|
|
33,738 |
|
|
|
231,007 |
|
|
IOOF Holdings Ltd.
|
|
|
27,675 |
|
|
|
88,506 |
|
|
Magellan Financial Group Ltd.
|
|
|
753 |
|
|
|
30,412 |
|
|
Medibank Pvt Ltd.
|
|
|
91,734 |
|
|
|
217,485 |
|
|
Perpetual Ltd.
|
|
|
785 |
|
|
|
23,572 |
|
|
REA Group Ltd.
|
|
|
5,126 |
|
|
|
649,512 |
|
|
Scentre Group
|
|
|
23,734 |
|
|
|
48,567 |
|
|
SEEK Ltd.
|
|
|
5,072 |
|
|
|
126,085 |
|
|
South32 Ltd.
|
|
|
17,468 |
|
|
|
38,307 |
|
|
Stockland
|
|
|
49,519 |
|
|
|
172,438 |
|
|
Tabcorp Holdings Ltd.
|
|
|
6,289 |
|
|
|
24,401 |
|
|
Zip Co. Ltd.(a)
|
|
|
3,921 |
|
|
|
22,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,173,130 |
|
|
|
| Austria 0.0% |
|
|
|
|
|
ANDRITZ AG
|
|
|
352 |
|
|
|
19,797 |
|
|
|
|
|
|
|
|
|
|
|
|
| Bangladesh 0.0% |
|
|
|
|
|
Athene Holding Ltd., Class A(a)
|
|
|
847 |
|
|
|
57,173 |
|
|
|
|
|
|
|
|
|
|
|
|
| Belgium 0.3% |
|
|
|
|
|
Anheuser-Busch InBev SA/NV
|
|
|
19,401 |
|
|
|
1,398,595 |
|
|
Umicore SA
|
|
|
215 |
|
|
|
13,153 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,411,748 |
|
|
|
| Brazil 0.3% |
|
|
|
|
|
Ambev SA
|
|
|
70,265 |
|
|
|
241,148 |
|
|
B3 SA – Brasil Bolsa Balcao
|
|
|
84,646 |
|
|
|
286,249 |
|
|
Banco do Brasil SA
|
|
|
5,894 |
|
|
|
38,074 |
|
|
BB Seguridade Participacoes SA
|
|
|
10,803 |
|
|
|
50,173 |
|
|
CPFL Energia SA
|
|
|
4,636 |
|
|
|
25,083 |
|
|
CVC Brasil Operadora e Agencia de
Viagens SA(a)
|
|
|
3,967 |
|
|
|
22,109 |
|
|
EcoRodovias Infraestrutura e Logistica SA(a)
|
|
|
11,898 |
|
|
|
28,371 |
|
|
Embraer SA(a)
|
|
|
20,779 |
|
|
|
78,833 |
|
|
Equatorial Energia SA
|
|
|
22,787 |
|
|
|
113,619 |
|
|
IRB Brasil Resseguros S/A
|
|
|
13,537 |
|
|
|
15,704 |
|
|
Localiza Rent a Car SA
|
|
|
1,282 |
|
|
|
16,496 |
|
|
Porto Seguro SA
|
|
|
4,589 |
|
|
|
49,333 |
|
|
Telefonica Brasil SA
|
|
|
2,130 |
|
|
|
17,986 |
|
|
Ultrapar Participacoes SA
|
|
|
42,365 |
|
|
|
156,639 |
|
|
Vale SA
|
|
|
14,220 |
|
|
|
323,780 |
|
|
XP, Inc., Class A(a)
|
|
|
5,947 |
|
|
|
258,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,722,589 |
|
|
|
| Canada 4.1% |
|
|
|
|
|
Atco Ltd., Class I
|
|
|
1,886 |
|
|
|
66,883 |
|
|
Bank of Montreal
|
|
|
2,356 |
|
|
|
241,492 |
|
|
Bank of Nova Scotia
|
|
|
3,552 |
|
|
|
231,012 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
| Canada (continued) |
|
|
|
|
|
|
|
BRP, Inc.
|
|
|
770 |
|
|
$ |
60,253 |
|
|
Canada Goose Holdings, Inc.(a)(b)
|
|
|
10,642 |
|
|
|
465,481 |
|
|
Canadian Apartment Properties REIT
|
|
|
2,990 |
|
|
|
140,189 |
|
|
Canadian Imperial Bank of Commerce
|
|
|
6,839 |
|
|
|
778,518 |
|
|
Canadian Utilities Ltd., Class A
|
|
|
1,215 |
|
|
|
33,717 |
|
|
Canadian Western Bank
|
|
|
3,989 |
|
|
|
111,985 |
|
|
CGI, Inc.(a)
|
|
|
11,338 |
|
|
|
1,027,975 |
|
|
CI Financial Corp.
|
|
|
5,214 |
|
|
|
95,691 |
|
|
Colliers International Group, Inc.
|
|
|
200 |
|
|
|
22,398 |
|
|
Descartes Systems Group Inc. (The)(a)
|
|
|
478 |
|
|
|
33,058 |
|
|
Emera, Inc.
|
|
|
3,215 |
|
|
|
145,863 |
|
|
Enbridge, Inc.
|
|
|
1,213 |
|
|
|
48,565 |
|
|
Fairfax Financial Holdings Ltd.
|
|
|
389 |
|
|
|
170,588 |
|
|
First Capital Real Estate Investment Trust
|
|
|
1,358 |
|
|
|
19,281 |
|
|
First Quantum Minerals Ltd.
|
|
|
2,463 |
|
|
|
56,767 |
|
|
FirstService Corp.
|
|
|
3,199 |
|
|
|
548,677 |
|
|
H&R Real Estate Investment Trust
|
|
|
530 |
|
|
|
6,841 |
|
|
IGM Financial, Inc.
|
|
|
536 |
|
|
|
18,922 |
|
|
Intact Financial Corp.
|
|
|
1,290 |
|
|
|
175,257 |
|
|
Kinaxis, Inc.(a)
|
|
|
284 |
|
|
|
37,360 |
|
|
Onex Corp.
|
|
|
8,219 |
|
|
|
596,799 |
|
|
Open Text Corp.
|
|
|
16,941 |
|
|
|
860,307 |
|
|
Parex Resources, Inc.(a)
|
|
|
2,895 |
|
|
|
48,343 |
|
|
Parkland Corp./Canada
|
|
|
1,511 |
|
|
|
48,831 |
|
|
Ritchie Bros. Auctioneers, Inc.
|
|
|
414 |
|
|
|
24,544 |
|
|
Rogers Communications, Inc., Class B
|
|
|
17,797 |
|
|
|
946,130 |
|
|
Royal Bank of Canada
|
|
|
47,716 |
|
|
|
4,834,344 |
|
|
Shopify, Inc., Class A(a)
|
|
|
2,122 |
|
|
|
3,103,348 |
|
|
Sun Life Financial, Inc.
|
|
|
6,801 |
|
|
|
350,694 |
|
|
Thomson Reuters Corp.
|
|
|
5,702 |
|
|
|
566,382 |
|
|
TMX Group Ltd.
|
|
|
1,115 |
|
|
|
117,778 |
|
|
Toronto-Dominion Bank
|
|
|
53,309 |
|
|
|
3,735,844 |
|
|
Wheaton Precious Metals Corp.
|
|
|
7,211 |
|
|
|
317,852 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,087,969 |
|
|
|
| China 4.1% |
|
|
|
|
|
3SBio, Inc.(a)(c)
|
|
|
16,000 |
|
|
|
19,786 |
|
|
Agricultural Bank of China Ltd., Class A
|
|
|
133,400 |
|
|
|
62,485 |
|
|
Anta Sports Products Ltd.
|
|
|
1,000 |
|
|
|
23,471 |
|
|
BAIC Motor Corp. Ltd., Class H(c)
|
|
|
81,000 |
|
|
|
30,138 |
|
|
Baidu, Inc., ADR(a)
|
|
|
12,416 |
|
|
|
2,531,622 |
|
|
Baidu, Inc., Class A(a)
|
|
|
3,700 |
|
|
|
94,905 |
|
|
Bank of China Ltd., Class A
|
|
|
380,300 |
|
|
|
181,079 |
|
|
Bank of Communications Co. Ltd., Class A
|
|
|
144,400 |
|
|
|
109,379 |
|
|
BBMG Corp., Class H
|
|
|
100,000 |
|
|
|
18,788 |
|
|
BOE Technology Group Co. Ltd., Class A
|
|
|
17,100 |
|
|
|
16,491 |
|
|
BYD Co. Ltd., Class A
|
|
|
14,739 |
|
|
|
569,787 |
|
|
China Construction Bank Corp., Class A
|
|
|
156,431 |
|
|
|
160,832 |
|
|
China Life Insurance Co. Ltd., Class A
|
|
|
10,500 |
|
|
|
54,954 |
|
|
China Merchants Bank Co. Ltd., Class A
|
|
|
13,500 |
|
|
|
113,034 |
|
|
China Petroleum & Chemical Corp., Class A
|
|
|
26,200 |
|
|
|
17,669 |
|
|
China Vanke Co. Ltd., Class A
|
|
|
140,400 |
|
|
|
516,299 |
|
|
China Yangtze Power Co. Ltd., Class A
|
|
|
9,000 |
|
|
|
28,721 |
|
|
Chow Tai Fook Jewellery Group Ltd.
|
|
|
9,400 |
|
|
|
21,477 |
|
|
Contemporary Amperex Technology Co. Ltd., Class A
|
|
|
5,200 |
|
|
|
428,551 |
|
|
Country Garden Services Holdings Co. Ltd.
|
|
|
5,000 |
|
|
|
53,950 |
|
|
CSPC Pharmaceutical Group Ltd.
|
|
|
128,080 |
|
|
|
185,005 |
|
|
Dali Foods Group Co. Ltd.(c)
|
|
|
89,000 |
|
|
|
53,072 |
|
|
Datang International Power Generation Co. Ltd., Class H
|
|
|
242,000 |
|
|
|
40,481 |
|
|
East Money Information Co. Ltd., Class A
|
|
|
40,460 |
|
|
|
204,656 |
|
|
|
|
|
S C H E D U L E O F I N V E S T
M E N T S
|
|
11 |
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
| China (continued) |
|
|
Foshan Haitian Flavouring & Food Co. Ltd., Class A
|
|
|
2,340 |
|
|
$ |
46,598 |
|
|
Ganfeng Lithium Co. Ltd., Class H(c)
|
|
|
4,800 |
|
|
|
71,684 |
|
|
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class H
|
|
|
22,000 |
|
|
|
69,499 |
|
|
Hithink RoyalFlush Information Network Co. Ltd., Class A
|
|
|
25,800 |
|
|
|
449,076 |
|
|
Huadian Power International Corp. Ltd., Class H
|
|
|
120,000 |
|
|
|
39,081 |
|
|
Industrial Bank Co. Ltd., Class A
|
|
|
81,272 |
|
|
|
258,120 |
|
|
JD.com, Inc., ADR(a)
|
|
|
24,832 |
|
|
|
1,981,842 |
|
|
JD.com, Inc., Class A(a)
|
|
|
10,550 |
|
|
|
420,133 |
|
|
KE Holdings, Inc., ADR(a)
|
|
|
6,470 |
|
|
|
308,490 |
|
|
Kingdee International Software Group Co. Ltd.
|
|
|
10,000 |
|
|
|
33,869 |
|
|
Kuaishou Technology(a)(c)
|
|
|
3,000 |
|
|
|
75,448 |
|
|
Lenovo Group Ltd.
|
|
|
38,000 |
|
|
|
43,639 |
|
|
Logan Group Co. Ltd.
|
|
|
52,000 |
|
|
|
77,782 |
|
|
LONGi Green Energy Technology Co. Ltd., Class A
|
|
|
5,460 |
|
|
|
74,834 |
|
|
Meituan, Class B(a)(c)
|
|
|
37,000 |
|
|
|
1,526,292 |
|
|
Metallurgical Corp. of China Ltd., Class H
|
|
|
94,000 |
|
|
|
21,903 |
|
|
NetEase, Inc.
|
|
|
4,000 |
|
|
|
91,925 |
|
|
NetEase, Inc., ADR
|
|
|
9,663 |
|
|
|
1,113,661 |
|
|
New Oriental Education & Technology Group, Inc.,
ADR(a)
|
|
|
32,311 |
|
|
|
264,627 |
|
|
NIO, Inc., ADR(a)
|
|
|
960 |
|
|
|
51,072 |
|
|
PetroChina Co. Ltd.
|
|
|
73,979 |
|
|
|
60,544 |
|
|
Ping An Insurance Group Co. of China Ltd., Class A
|
|
|
1,500 |
|
|
|
14,895 |
|
|
Postal Savings Bank of China Co. Ltd., Class A
|
|
|
42,700 |
|
|
|
33,154 |
|
|
Postal Savings Bank of China Co. Ltd., Class H(c)
|
|
|
204,000 |
|
|
|
137,189 |
|
|
SF Holding Co. Ltd., Class A
|
|
|
29,200 |
|
|
|
305,150 |
|
|
Shenzhen Inovance Technology Co. Ltd., Class A
|
|
|
11,700 |
|
|
|
134,039 |
|
|
Shenzhen Mindray Bio-Medical Electronics Co. Ltd.,
Class A
|
|
|
14,902 |
|
|
|
1,103,905 |
|
|
Shui On Land Ltd.(a)
|
|
|
75,000 |
|
|
|
12,170 |
|
|
Sinotruk Hong Kong Ltd.
|
|
|
26,000 |
|
|
|
55,718 |
|
|
Sunac China Holdings Ltd.
|
|
|
59,000 |
|
|
|
202,313 |
|
|
TAL Education Group, ADR(a)
|
|
|
16,541 |
|
|
|
417,329 |
|
|
Tencent Holdings Ltd.
|
|
|
51,600 |
|
|
|
3,885,092 |
|
|
Uni-President China Holdings Ltd.
|
|
|
42,000 |
|
|
|
46,340 |
|
|
Up Fintech Holding Ltd., ADR(a)
|
|
|
2,374 |
|
|
|
68,799 |
|
|
Will Semiconductor Co. Ltd., Class A
|
|
|
3,400 |
|
|
|
168,870 |
|
|
WuXi AppTec Co. Ltd., Class A
|
|
|
5,840 |
|
|
|
141,151 |
|
|
WuXi AppTec Co. Ltd., Class H(c)
|
|
|
2,616 |
|
|
|
61,062 |
|
|
Wuxi Lead Intelligent Equipment Co. Ltd., Class A
|
|
|
7,200 |
|
|
|
66,885 |
|
|
XPeng, Inc., ADR(a)
|
|
|
11,327 |
|
|
|
503,145 |
|
|
Yadea Group Holdings Ltd.(c)
|
|
|
64,000 |
|
|
|
137,465 |
|
|
Yangzijiang Shipbuilding Holdings Ltd.
|
|
|
178,700 |
|
|
|
187,751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,299,173 |
|
|
| Czech Republic 0.0% |
|
|
CEZ A/S
|
|
|
4,099 |
|
|
|
121,556 |
|
|
|
|
|
|
|
|
|
|
|
| Denmark 0.7% |
|
|
AP Moeller – Maersk A/S, Class A
|
|
|
168 |
|
|
|
467,309 |
|
|
AP Moeller – Maersk A/S, Class B
|
|
|
776 |
|
|
|
2,234,034 |
|
|
Chr Hansen Holding A/S
|
|
|
557 |
|
|
|
50,271 |
|
|
Coloplast A/S, Class B
|
|
|
248 |
|
|
|
40,717 |
|
|
DSV Panalpina A/S
|
|
|
127 |
|
|
|
29,647 |
|
|
Novo Nordisk A/S, Class B
|
|
|
4,837 |
|
|
|
404,899 |
|
|
Novozymes A/S, B Shares
|
|
|
1 |
|
|
|
75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,226,952 |
|
|
| Finland 0.5% |
|
|
Kone OYJ, Class B
|
|
|
6,204 |
|
|
|
506,334 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
| Finland (continued) |
|
|
Nokia OYJ(a)
|
|
|
1 |
|
|
$ |
5 |
|
|
Nordea Bank Abp
|
|
|
180,982 |
|
|
|
2,015,399 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,521,738 |
|
|
| France 1.9% |
|
|
Amundi SA(c)
|
|
|
669 |
|
|
|
59,005 |
|
|
AXA SA
|
|
|
17,927 |
|
|
|
455,209 |
|
|
BNP Paribas SA
|
|
|
3,740 |
|
|
|
234,721 |
|
|
Cie de Saint-Gobain
|
|
|
2,507 |
|
|
|
165,452 |
|
|
Engie SA
|
|
|
39,417 |
|
|
|
540,508 |
|
|
Eutelsat Communications SA
|
|
|
12,713 |
|
|
|
148,724 |
|
|
Hermes International
|
|
|
1,232 |
|
|
|
1,797,872 |
|
|
Kering SA
|
|
|
950 |
|
|
|
832,406 |
|
|
Legrand SA
|
|
|
7,702 |
|
|
|
816,283 |
|
|
LOreal SA
|
|
|
4,161 |
|
|
|
1,858,277 |
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
|
282 |
|
|
|
221,837 |
|
|
Pernod Ricard SA
|
|
|
1,918 |
|
|
|
426,299 |
|
|
Renault SA(a)
|
|
|
3,741 |
|
|
|
151,651 |
|
|
Rexel SA
|
|
|
34,929 |
|
|
|
731,349 |
|
|
Rubis SCA
|
|
|
2,158 |
|
|
|
96,022 |
|
|
Societe Generale SA
|
|
|
12,539 |
|
|
|
370,921 |
|
|
Sodexo SA(a)
|
|
|
1,752 |
|
|
|
163,741 |
|
|
SPIE SA
|
|
|
5 |
|
|
|
115 |
|
|
Valeo SA
|
|
|
15,452 |
|
|
|
466,086 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,536,478 |
|
|
| Germany 2.4% |
|
|
Adidas AG
|
|
|
1,626 |
|
|
|
606,754 |
|
|
Allianz SE, Registered Shares
|
|
|
58 |
|
|
|
14,474 |
|
|
Bayerische Motoren Werke AG
|
|
|
6,275 |
|
|
|
665,247 |
|
|
Beiersdorf AG
|
|
|
15,911 |
|
|
|
1,920,552 |
|
|
Covestro AG(c)
|
|
|
4,419 |
|
|
|
285,726 |
|
|
Daimler AG, Registered Shares
|
|
|
33,907 |
|
|
|
3,029,882 |
|
|
Deutsche Post AG, Registered Shares
|
|
|
10,845 |
|
|
|
738,595 |
|
|
Evonik Industries AG
|
|
|
5,211 |
|
|
|
174,951 |
|
|
Fielmann AG(a)
|
|
|
1,057 |
|
|
|
82,710 |
|
|
Hannover Rueck SE
|
|
|
113 |
|
|
|
18,917 |
|
|
HelloFresh SE(a)
|
|
|
9,633 |
|
|
|
936,415 |
|
|
HUGO BOSS AG
|
|
|
1,609 |
|
|
|
87,640 |
|
|
Jenoptik AG
|
|
|
4 |
|
|
|
110 |
|
|
ProSiebenSat.1 Media SE
|
|
|
4 |
|
|
|
80 |
|
|
Rheinmetall AG
|
|
|
2,848 |
|
|
|
281,420 |
|
|
Schaeffler AG
|
|
|
10,443 |
|
|
|
96,383 |
|
|
Siemens AG, Registered Shares
|
|
|
9,138 |
|
|
|
1,450,920 |
|
|
TUI AG(a)
|
|
|
7 |
|
|
|
36 |
|
|
Volkswagen AG
|
|
|
453 |
|
|
|
148,885 |
|
|
Wacker Chemie AG
|
|
|
950 |
|
|
|
146,432 |
|
|
Zalando SE(a)(c)
|
|
|
10,972 |
|
|
|
1,326,951 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,013,080 |
|
|
| Hong Kong 1.3% |
|
|
AIA Group Ltd.
|
|
|
153,200 |
|
|
|
1,900,534 |
|
|
ASM Pacific Technology Ltd.
|
|
|
1,400 |
|
|
|
18,965 |
|
|
BOC Hong Kong Holdings Ltd.
|
|
|
225,000 |
|
|
|
762,595 |
|
|
Cathay Pacific Airways Ltd.(a)
|
|
|
30,000 |
|
|
|
25,350 |
|
|
CK Asset Holdings Ltd.
|
|
|
17,832 |
|
|
|
122,738 |
|
|
ESR Cayman Ltd.(a)(c)
|
|
|
5,000 |
|
|
|
16,859 |
|
|
Hang Seng Bank Ltd.
|
|
|
13,800 |
|
|
|
275,278 |
|
|
Henderson Land Development Co. Ltd.
|
|
|
29,000 |
|
|
|
137,235 |
|
|
Hongkong Land Holdings Ltd.
|
|
|
87,700 |
|
|
|
417,665 |
|
|
Kerry Properties Ltd.
|
|
|
7,500 |
|
|
|
24,731 |
|
|
Link REIT
|
|
|
104,100 |
|
|
|
1,007,203 |
|
|
|
|
| 12 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
Hong Kong (continued)
|
|
|
|
|
|
|
|
|
|
MTR Corp. Ltd.
|
|
|
83,000 |
|
|
$ |
462,143 |
|
|
Shenzhen Investment Ltd.
|
|
|
76,000 |
|
|
|
23,416 |
|
|
Sun Hung Kai Properties Ltd.
|
|
|
16,500 |
|
|
|
245,222 |
|
|
Swire Pacific Ltd., Class A
|
|
|
10,000 |
|
|
|
67,756 |
|
|
Swire Properties Ltd.
|
|
|
85,000 |
|
|
|
253,187 |
|
|
Techtronic Industries Co. Ltd.
|
|
|
20,500 |
|
|
|
357,253 |
|
|
Towngas China Co. Ltd.
|
|
|
27,000 |
|
|
|
19,932 |
|
|
Yuexiu Property Co. Ltd.
|
|
|
23,600 |
|
|
|
24,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,162,925 |
|
|
| Hungary(a) 0.2% |
|
|
MOL Hungarian Oil & Gas PLC
|
|
|
87,837 |
|
|
|
698,929 |
|
|
OTP Bank Nyrt
|
|
|
7,999 |
|
|
|
430,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,129,529 |
|
|
| India 1.6% |
|
|
Asian Paints Ltd.
|
|
|
14,182 |
|
|
|
571,747 |
|
|
City Union Bank Ltd.
|
|
|
6,503 |
|
|
|
14,593 |
|
|
Federal Bank Ltd.(a)
|
|
|
33,668 |
|
|
|
39,544 |
|
|
HDFC Bank Ltd.
|
|
|
78,498 |
|
|
|
1,585,491 |
|
|
HDFC Life Insurance Co. Ltd.(c)
|
|
|
34,725 |
|
|
|
320,983 |
|
|
Hindalco Industries Ltd.
|
|
|
7,247 |
|
|
|
36,378 |
|
|
Housing Development Finance Corp. Ltd.
|
|
|
40,553 |
|
|
|
1,353,381 |
|
|
ICICI Bank Ltd.(a)
|
|
|
3,103 |
|
|
|
26,417 |
|
|
ICICI Prudential Life Insurance Co. Ltd.(c)
|
|
|
8,461 |
|
|
|
69,813 |
|
|
IndusInd Bank Ltd.(a)
|
|
|
6,314 |
|
|
|
86,586 |
|
|
Infosys Ltd.
|
|
|
16,336 |
|
|
|
345,588 |
|
|
InterGlobe Aviation Ltd.(a)(c)
|
|
|
3,241 |
|
|
|
74,939 |
|
|
ITC Ltd.
|
|
|
50,066 |
|
|
|
136,737 |
|
|
KEC International Ltd.(a)
|
|
|
2,445 |
|
|
|
14,907 |
|
|
Kotak Mahindra Bank Ltd.(a)
|
|
|
33,094 |
|
|
|
760,700 |
|
|
L&T Finance Holdings Ltd.(a)
|
|
|
21,198 |
|
|
|
26,557 |
|
|
Oil & Natural Gas Corp. Ltd.
|
|
|
23,844 |
|
|
|
37,841 |
|
|
RBL Bank Ltd.(a)(c)
|
|
|
11,986 |
|
|
|
34,038 |
|
|
SBI Life Insurance Co. Ltd.(c)
|
|
|
22,819 |
|
|
|
309,910 |
|
|
State Bank of India
|
|
|
18,180 |
|
|
|
102,782 |
|
|
Tata Consultancy Services Ltd.
|
|
|
39,288 |
|
|
|
1,770,535 |
|
|
Titan Co. Ltd.
|
|
|
1,474 |
|
|
|
34,402 |
|
|
TVS Motor Co. Ltd.
|
|
|
4,578 |
|
|
|
38,282 |
|
|
Wipro Ltd.
|
|
|
13,413 |
|
|
|
98,437 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,890,588 |
|
|
| Indonesia 0.0% |
|
|
Bank Central Asia Tbk PT
|
|
|
28,900 |
|
|
|
60,103 |
|
|
|
|
|
|
|
|
|
|
|
| Ireland 1.5% |
|
|
Accenture PLC, Class A
|
|
|
9,927 |
|
|
|
2,926,380 |
|
|
Allegion PLC
|
|
|
5,481 |
|
|
|
763,503 |
|
|
CRH PLC
|
|
|
1,955 |
|
|
|
99,254 |
|
|
Experian PLC
|
|
|
26,341 |
|
|
|
1,017,004 |
|
|
Flutter Entertainment PLC(a)
|
|
|
2,813 |
|
|
|
511,247 |
|
|
Kingspan Group PLC
|
|
|
3,836 |
|
|
|
362,553 |
|
|
Medtronic PLC
|
|
|
11,695 |
|
|
|
1,451,700 |
|
|
Seagate Technology Holdings PLC
|
|
|
198 |
|
|
|
17,410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,149,051 |
|
|
| Israel(a) 0.9% |
|
|
Bank Hapoalim BM
|
|
|
63,618 |
|
|
|
510,764 |
|
|
Check Point Software Technologies Ltd.
|
|
|
19,697 |
|
|
|
2,287,413 |
|
|
Israel Discount Bank Ltd., Class A
|
|
|
47,739 |
|
|
|
227,421 |
|
|
Nice Ltd.
|
|
|
937 |
|
|
|
231,283 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
Israel (continued)
|
|
|
|
|
|
|
|
|
|
Playtika Holding Corp.
|
|
|
2,268 |
|
|
$ |
54,069 |
|
|
Teva Pharmaceutical Industries Ltd.
|
|
|
21,971 |
|
|
|
218,168 |
|
|
Teva Pharmaceutical Industries Ltd., ADR
|
|
|
112,819 |
|
|
|
1,116,908 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,646,026 |
|
|
| Italy 0.1% |
|
|
Amplifon SpA
|
|
|
356 |
|
|
|
17,602 |
|
|
Assicurazioni Generali SpA
|
|
|
6,666 |
|
|
|
133,831 |
|
|
Banca Mediolanum SpA
|
|
|
2,056 |
|
|
|
20,024 |
|
|
Pirelli & C SpA(c)
|
|
|
15,202 |
|
|
|
88,401 |
|
|
Unipol Gruppo SpA
|
|
|
20,891 |
|
|
|
113,923 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
373,781 |
|
|
| Japan 4.7% |
|
|
Aisin Corp.
|
|
|
11,300 |
|
|
|
484,515 |
|
|
Alps Alpine Co. Ltd.
|
|
|
43,400 |
|
|
|
459,307 |
|
|
Amada Co. Ltd.
|
|
|
37,100 |
|
|
|
376,305 |
|
|
Asahi Kasei Corp.
|
|
|
30,600 |
|
|
|
336,330 |
|
|
Astellas Pharma, Inc.
|
|
|
2,000 |
|
|
|
34,853 |
|
|
Benesse Holdings, Inc.
|
|
|
5,500 |
|
|
|
136,592 |
|
|
Bridgestone Corp.
|
|
|
32,900 |
|
|
|
1,495,383 |
|
|
Calbee, Inc.
|
|
|
4,100 |
|
|
|
94,625 |
|
|
Canon, Inc.
|
|
|
7,000 |
|
|
|
158,214 |
|
|
Dai Nippon Printing Co. Ltd.
|
|
|
8,900 |
|
|
|
188,337 |
|
|
Daifuku Co. Ltd.
|
|
|
800 |
|
|
|
72,582 |
|
|
Daikin Industries Ltd.
|
|
|
400 |
|
|
|
74,540 |
|
|
Daito Trust Construction Co. Ltd.
|
|
|
700 |
|
|
|
76,372 |
|
|
Daiwa House Industry Co. Ltd.
|
|
|
7,600 |
|
|
|
228,521 |
|
|
Denso Corp.
|
|
|
500 |
|
|
|
34,096 |
|
|
Dip Corp.
|
|
|
800 |
|
|
|
24,663 |
|
|
Disco Corp.
|
|
|
800 |
|
|
|
243,239 |
|
|
FANUC Corp.
|
|
|
4,900 |
|
|
|
1,175,009 |
|
|
Fast Retailing Co. Ltd.
|
|
|
1,100 |
|
|
|
826,856 |
|
|
Fuji Media Holdings, Inc.
|
|
|
4,200 |
|
|
|
46,892 |
|
|
Honda Motor Co. Ltd.
|
|
|
3,800 |
|
|
|
122,220 |
|
|
Inpex Corp.
|
|
|
2,000 |
|
|
|
14,969 |
|
|
Japan Post Bank Co. Ltd.
|
|
|
400 |
|
|
|
3,364 |
|
|
Japan Post Holdings Co. Ltd.
|
|
|
108,300 |
|
|
|
889,546 |
|
|
JTEKT Corp.
|
|
|
1,900 |
|
|
|
19,552 |
|
|
Kaneka Corp.
|
|
|
600 |
|
|
|
24,208 |
|
|
Keyence Corp.
|
|
|
5,800 |
|
|
|
2,921,014 |
|
|
Koito Manufacturing Co. Ltd.
|
|
|
2,600 |
|
|
|
161,779 |
|
|
Konica Minolta, Inc.
|
|
|
4,400 |
|
|
|
24,377 |
|
|
Lawson, Inc.
|
|
|
3,000 |
|
|
|
138,950 |
|
|
Lintec Corp.
|
|
|
700 |
|
|
|
15,177 |
|
|
M3, Inc.
|
|
|
2,100 |
|
|
|
153,002 |
|
|
Mebuki Financial Group, Inc.
|
|
|
8,700 |
|
|
|
18,396 |
|
|
Mitsubishi Chemical Holdings Corp.
|
|
|
11,000 |
|
|
|
92,554 |
|
|
Mitsubishi HC Capital, Inc.
|
|
|
37,000 |
|
|
|
198,412 |
|
|
Mitsubishi Materials Corp.
|
|
|
10,400 |
|
|
|
207,922 |
|
|
NGK Spark Plug Co. Ltd.
|
|
|
1,500 |
|
|
|
22,300 |
|
|
Nidec Corp.
|
|
|
7,200 |
|
|
|
827,929 |
|
|
Nikon Corp.
|
|
|
53,100 |
|
|
|
566,443 |
|
|
Nippon Paint Holdings Co. Ltd.
|
|
|
2,000 |
|
|
|
27,056 |
|
|
Nippon Shokubai Co. Ltd.
|
|
|
700 |
|
|
|
33,735 |
|
|
Nippon Telegraph & Telephone Corp.
|
|
|
19,000 |
|
|
|
496,758 |
|
|
Nippon Television Holdings, Inc.
|
|
|
2,800 |
|
|
|
32,661 |
|
|
Nitto Denko Corp.
|
|
|
2,100 |
|
|
|
156,388 |
|
|
NOK Corp.
|
|
|
1,100 |
|
|
|
13,685 |
|
|
Pigeon Corp.
|
|
|
4,000 |
|
|
|
112,816 |
|
|
|
|
|
S C H E D U L E O F I N V E S T
M E N T S
|
|
13 |
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
Japan (continued)
|
|
|
|
|
|
|
|
|
|
Recruit Holdings Co. Ltd.
|
|
|
45,700 |
|
|
$ |
2,241,072 |
|
|
Relo Group, Inc.
|
|
|
800 |
|
|
|
18,274 |
|
|
Resorttrust, Inc.
|
|
|
1,300 |
|
|
|
21,221 |
|
|
Ricoh Co. Ltd.
|
|
|
63,300 |
|
|
|
712,507 |
|
|
Rohm Co. Ltd.
|
|
|
100 |
|
|
|
9,203 |
|
|
Seiko Epson Corp.
|
|
|
2,400 |
|
|
|
42,187 |
|
|
Sekisui House Ltd.
|
|
|
2,500 |
|
|
|
51,337 |
|
|
Seven Bank Ltd.
|
|
|
10,700 |
|
|
|
22,747 |
|
|
Shimano, Inc.
|
|
|
700 |
|
|
|
166,547 |
|
|
SMC Corp.
|
|
|
800 |
|
|
|
473,276 |
|
|
Softbank Corp.
|
|
|
20,700 |
|
|
|
270,652 |
|
|
SoftBank Group Corp.
|
|
|
9,000 |
|
|
|
627,676 |
|
|
Subaru Corp.
|
|
|
12,100 |
|
|
|
239,816 |
|
|
Sumitomo Chemical Co. Ltd.
|
|
|
271,200 |
|
|
|
1,441,391 |
|
|
Sumitomo Electric Industries Ltd.
|
|
|
900 |
|
|
|
13,293 |
|
|
Sumitomo Heavy Industries Ltd.
|
|
|
1,400 |
|
|
|
38,713 |
|
|
Sumitomo Rubber Industries Ltd.
|
|
|
55,500 |
|
|
|
767,287 |
|
|
Suntory Beverage & Food Ltd.
|
|
|
3,300 |
|
|
|
124,385 |
|
|
Taisho Pharmaceutical Holdings Co. Ltd.
|
|
|
300 |
|
|
|
16,060 |
|
|
Takeda Pharmaceutical Co. Ltd.
|
|
|
7,800 |
|
|
|
261,772 |
|
|
Teijin Ltd.
|
|
|
10,100 |
|
|
|
154,193 |
|
|
Tokio Marine Holdings, Inc.
|
|
|
9,100 |
|
|
|
419,148 |
|
|
Tokyo Electron Ltd.
|
|
|
500 |
|
|
|
216,192 |
|
|
Toray Industries, Inc.
|
|
|
3,700 |
|
|
|
24,664 |
|
|
Toshiba Corp.
|
|
|
2,600 |
|
|
|
112,323 |
|
|
Toyo Seikan Group Holdings Ltd.
|
|
|
300 |
|
|
|
4,107 |
|
|
Toyoda Gosei Co. Ltd.
|
|
|
700 |
|
|
|
17,265 |
|
|
Toyota Boshoku Corp.
|
|
|
1,100 |
|
|
|
22,832 |
|
|
Yamada Holdings Co. Ltd.
|
|
|
74,500 |
|
|
|
344,497 |
|
|
Yamazaki Baking Co. Ltd.
|
|
|
1,600 |
|
|
|
22,585 |
|
|
Yokohama Rubber Co. Ltd.
|
|
|
3,100 |
|
|
|
66,582 |
|
|
Zeon Corp.
|
|
|
8,100 |
|
|
|
112,104 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,938,352 |
|
|
| Luxembourg 0.0% |
|
|
APERAM SA
|
|
|
3 |
|
|
|
154 |
|
|
RTL Group SA(a)
|
|
|
2,957 |
|
|
|
176,094 |
|
|
SES SA
|
|
|
17 |
|
|
|
130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
176,378 |
|
|
| Malaysia 0.6% |
|
|
AirAsia Group BHD(a)
|
|
|
155,600 |
|
|
|
33,397 |
|
|
Bursa Malaysia Bhd
|
|
|
1,300 |
|
|
|
2,483 |
|
|
CIMB Group Holdings Bhd
|
|
|
265,500 |
|
|
|
295,028 |
|
|
Genting Bhd
|
|
|
38,000 |
|
|
|
45,126 |
|
|
Hartalega Holdings Bhd
|
|
|
18,100 |
|
|
|
32,045 |
|
|
Hong Leong Bank Bhd
|
|
|
3,200 |
|
|
|
14,429 |
|
|
Inari Amertron Bhd
|
|
|
15,900 |
|
|
|
12,166 |
|
|
Kossan Rubber Industries
|
|
|
69,100 |
|
|
|
53,601 |
|
|
Malayan Banking Bhd
|
|
|
297,100 |
|
|
|
580,388 |
|
|
MR DIY Group M BHD(c)
|
|
|
16,400 |
|
|
|
14,182 |
|
|
Press Metal Aluminium Holdings BHD
|
|
|
138,800 |
|
|
|
159,813 |
|
|
Public Bank Bhd
|
|
|
1,248,100 |
|
|
|
1,235,624 |
|
|
QL Resources BHD
|
|
|
18,750 |
|
|
|
25,518 |
|
|
RHB Bank Bhd
|
|
|
11,900 |
|
|
|
15,484 |
|
|
Supermax Corp. Bhd
|
|
|
146,528 |
|
|
|
116,474 |
|
|
Telekom Malaysia Bhd
|
|
|
92,200 |
|
|
|
134,860 |
|
|
Tenaga Nasional Bhd
|
|
|
143,800 |
|
|
|
339,229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,109,847 |
|
|
| Mexico 0.1% |
|
|
America Movil SAB de CV, Series L
|
|
|
455,359 |
|
|
|
342,650 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
Mexico (continued)
|
|
|
|
|
|
|
|
|
|
Fomento Economico Mexicano SAB de CV
|
|
|
2,743 |
|
|
$ |
23,135 |
|
|
Grupo Financiero Banorte SAB de CV, Class O
|
|
|
16,826 |
|
|
|
108,685 |
|
|
Megacable Holdings SAB de CV, CPO
|
|
|
6,900 |
|
|
|
24,417 |
|
|
Orbia Advance Corp. SAB de CV
|
|
|
12,300 |
|
|
|
32,172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
531,059 |
|
|
| Netherlands 1.4% |
|
|
ABN AMRO Bank NV(a)(c)
|
|
|
11,482 |
|
|
|
139,132 |
|
|
Akzo Nobel NV
|
|
|
2,538 |
|
|
|
314,257 |
|
|
Heineken NV
|
|
|
9,456 |
|
|
|
1,147,952 |
|
|
JDE Peets NV(a)
|
|
|
6,214 |
|
|
|
225,547 |
|
|
Koninklijke Ahold Delhaize NV
|
|
|
11,584 |
|
|
|
344,966 |
|
|
NXP Semiconductors NV
|
|
|
1,986 |
|
|
|
408,560 |
|
|
PostNL NV
|
|
|
9,397 |
|
|
|
51,057 |
|
|
Randstad NV
|
|
|
21,472 |
|
|
|
1,646,049 |
|
|
Royal Dutch Shell PLC, A Shares
|
|
|
52,524 |
|
|
|
1,052,994 |
|
|
Royal Dutch Shell PLC, B Shares
|
|
|
39,938 |
|
|
|
775,308 |
|
|
Signify NV(c)
|
|
|
12,038 |
|
|
|
764,147 |
|
|
Wereldhave NV
|
|
|
1 |
|
|
|
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,869,986 |
|
|
| New Zealand 0.0% |
|
|
Fisher & Paykel Healthcare Corp. Ltd.
|
|
|
1,632 |
|
|
|
35,503 |
|
|
|
|
|
|
|
|
|
|
|
| Norway 0.1% |
|
|
Equinor ASA
|
|
|
28,456 |
|
|
|
602,371 |
|
|
|
|
|
|
|
|
|
|
|
| Peru 0.4% |
|
|
Credicorp Ltd.(a)
|
|
|
1,510 |
|
|
|
182,876 |
|
|
Southern Copper Corp.
|
|
|
28,955 |
|
|
|
1,862,386 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,045,262 |
|
|
| Poland 0.0% |
|
|
PGE Polska Grupa Energetyczna SA(a)
|
|
|
9,153 |
|
|
|
22,591 |
|
|
|
|
|
|
|
|
|
|
|
| Russia 0.0% |
|
|
Novatek PJSC, GDR, Registered Shares
|
|
|
187 |
|
|
|
41,034 |
|
|
|
|
|
|
|
|
|
|
|
| Saudi Arabia 0.4% |
|
|
Al Rajhi Bank
|
|
|
23,573 |
|
|
|
698,081 |
|
|
Malath Cooperative Insurance Co.(a)
|
|
|
7,423 |
|
|
|
66,111 |
|
|
Riyad Bank
|
|
|
2,736 |
|
|
|
19,331 |
|
|
Saudi Arabian Mining Co.(a)
|
|
|
2,637 |
|
|
|
44,504 |
|
|
Saudi Arabian Oil Co.(c)
|
|
|
88,147 |
|
|
|
824,924 |
|
|
Saudi National Bank
|
|
|
9,230 |
|
|
|
141,750 |
|
|
Saudi Telecom Co
|
|
|
2,705 |
|
|
|
94,968 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,889,669 |
|
|
| Singapore 0.2% |
|
|
DBS Group Holdings Ltd.
|
|
|
5,400 |
|
|
|
120,135 |
|
|
Jardine Cycle & Carriage Ltd.
|
|
|
16,300 |
|
|
|
259,464 |
|
|
Oversea-Chinese Banking Corp. Ltd.
|
|
|
20,200 |
|
|
|
180,017 |
|
|
Singapore Telecommunications Ltd.
|
|
|
21,100 |
|
|
|
35,999 |
|
|
United Overseas Bank Ltd.
|
|
|
7,900 |
|
|
|
152,134 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
747,749 |
|
|
| South Africa 0.3% |
|
|
AngloGold Ashanti Ltd.
|
|
|
1,768 |
|
|
|
32,817 |
|
|
Barloworld Ltd.
|
|
|
2,010 |
|
|
|
14,996 |
|
|
Bidvest Group Ltd.
|
|
|
1,879 |
|
|
|
25,098 |
|
|
Capitec Bank Holdings Ltd.
|
|
|
266 |
|
|
|
31,356 |
|
|
FirstRand Ltd.
|
|
|
28,024 |
|
|
|
105,143 |
|
|
Gold Fields Ltd.
|
|
|
3,206 |
|
|
|
28,590 |
|
|
Investec Ltd.
|
|
|
9,546 |
|
|
|
36,472 |
|
|
|
|
| 14 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
South Africa (continued)
|
|
|
|
|
|
|
|
|
|
Naspers Ltd., N Shares
|
|
|
4,711 |
|
|
$ |
993,300 |
|
|
Standard Bank Group Ltd.
|
|
|
6,217 |
|
|
|
55,521 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,323,293 |
|
|
|
|
| South Korea 1.2% |
|
|
|
|
|
|
|
Celltrion, Inc.(a)
|
|
|
1 |
|
|
|
238 |
|
|
Coupang, Inc.(a)
|
|
|
2,111 |
|
|
|
88,282 |
|
|
Hugel Inc.(a)
|
|
|
97 |
|
|
|
20,680 |
|
|
Hyundai Glovis Co. Ltd.
|
|
|
97 |
|
|
|
17,998 |
|
|
Hyundai Mobis Co. Ltd.
|
|
|
271 |
|
|
|
70,279 |
|
|
Kakao Corp.
|
|
|
7,888 |
|
|
|
1,142,518 |
|
|
KT Corp.
|
|
|
2,538 |
|
|
|
71,629 |
|
|
LG Chem Ltd.
|
|
|
1,539 |
|
|
|
1,162,083 |
|
|
NAVER Corp.
|
|
|
4,165 |
|
|
|
1,545,500 |
|
|
Samsung Electronics Co. Ltd.
|
|
|
18,843 |
|
|
|
1,348,897 |
|
|
Samsung Engineering Co. Ltd.(a)
|
|
|
2,378 |
|
|
|
50,407 |
|
|
Samsung SDS Co. Ltd.
|
|
|
213 |
|
|
|
34,983 |
|
|
SillaJen, Inc.(a)(d)
|
|
|
770 |
|
|
|
6,205 |
|
|
SK Innovation Co. Ltd.(a)
|
|
|
1,012 |
|
|
|
265,355 |
|
|
S-Oil Corp.(a)
|
|
|
705 |
|
|
|
64,198 |
|
|
Studio Dragon Corp.(a)
|
|
|
268 |
|
|
|
22,810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,912,062 |
|
|
|
|
| Spain 0.0% |
|
|
|
|
|
|
|
Zardoya Otis SA
|
|
|
4,655 |
|
|
|
32,122 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sweden 1.9% |
|
|
|
|
|
|
|
Assa Abloy AB, Class B
|
|
|
13,612 |
|
|
|
410,373 |
|
|
Atlas Copco AB, A Shares
|
|
|
37,840 |
|
|
|
2,323,693 |
|
|
Atlas Copco AB, B Shares
|
|
|
2,838 |
|
|
|
149,467 |
|
|
Autoliv, Inc.
|
|
|
5,224 |
|
|
|
510,698 |
|
|
Castellum AB
|
|
|
5 |
|
|
|
127 |
|
|
Elekta AB, B Shares
|
|
|
1,766 |
|
|
|
25,603 |
|
|
Epiroc AB, Class A
|
|
|
5,492 |
|
|
|
125,018 |
|
|
Epiroc AB, Class B
|
|
|
1,784 |
|
|
|
35,025 |
|
|
Evolution AB(c)
|
|
|
111 |
|
|
|
17,558 |
|
|
H & M Hennes & Mauritz AB, B Shares(a)
|
|
|
63,579 |
|
|
|
1,509,964 |
|
|
Intrum AB
|
|
|
3,716 |
|
|
|
121,728 |
|
|
Loomis AB
|
|
|
9,260 |
|
|
|
289,688 |
|
|
Pandox AB(a)
|
|
|
3,164 |
|
|
|
52,647 |
|
|
Saab AB
|
|
|
9,867 |
|
|
|
261,954 |
|
|
Sagax AB, Class B
|
|
|
7 |
|
|
|
208 |
|
|
SKF AB, B Shares
|
|
|
9,868 |
|
|
|
251,517 |
|
|
Spotify Technology SA(a)
|
|
|
801 |
|
|
|
220,748 |
|
|
SSAB AB, A Shares(a)
|
|
|
30,966 |
|
|
|
151,744 |
|
|
Swedish Match AB
|
|
|
73,690 |
|
|
|
628,438 |
|
|
Telefonaktiebolaget LM Ericsson, B Shares
|
|
|
108,361 |
|
|
|
1,362,521 |
|
|
Trelleborg AB
|
|
|
13,684 |
|
|
|
318,051 |
|
|
Volvo AB, B Shares
|
|
|
27,921 |
|
|
|
672,880 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,439,650 |
|
|
|
|
| Switzerland 1.4% |
|
|
|
|
|
|
|
Adecco Group AG, Registered Shares
|
|
|
6,512 |
|
|
|
443,088 |
|
|
Cie Financiere Richemont SA, Class A, Registered Shares
|
|
|
17,627 |
|
|
|
2,136,896 |
|
|
Givaudan SA, Registered Shares
|
|
|
174 |
|
|
|
810,007 |
|
|
Kuehne + Nagel International AG, Registered Shares
|
|
|
1,226 |
|
|
|
419,610 |
|
|
Sika AG, Registered Shares
|
|
|
9,037 |
|
|
|
2,960,861 |
|
|
Straumann Holding AG, Registered Shares
|
|
|
34 |
|
|
|
54,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,824,693 |
|
|
|
|
| Taiwan 2.9% |
|
|
|
|
|
|
|
ASE Technology Holding Co. Ltd.
|
|
|
26,000 |
|
|
|
104,318 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
Taiwan (continued)
|
|
|
|
|
|
|
|
|
|
ASPEED Technology, Inc.
|
|
|
1,000 |
|
|
$ |
72,124 |
|
|
AU Optronics Corp.
|
|
|
65,000 |
|
|
|
52,563 |
|
|
Bizlink Holding, Inc.
|
|
|
2,000 |
|
|
|
18,582 |
|
|
Cathay Financial Holding Co. Ltd.
|
|
|
226,595 |
|
|
|
438,108 |
|
|
China Airlines Ltd.(a)
|
|
|
59,000 |
|
|
|
40,360 |
|
|
China Life Insurance Co. Ltd.
|
|
|
26,000 |
|
|
|
24,578 |
|
|
China Steel Corp.
|
|
|
40,000 |
|
|
|
56,806 |
|
|
CTBC Financial Holding Co. Ltd.
|
|
|
567,000 |
|
|
|
461,727 |
|
|
Delta Electronics, Inc.
|
|
|
66,000 |
|
|
|
717,015 |
|
|
E.Sun Financial Holding Co. Ltd.
|
|
|
62,000 |
|
|
|
58,524 |
|
|
Eva Airways Corp.
|
|
|
870,000 |
|
|
|
629,519 |
|
|
Evergreen Marine Corp. Taiwan Ltd.(a)
|
|
|
88,000 |
|
|
|
621,584 |
|
|
First Financial Holding Co. Ltd.
|
|
|
36,000 |
|
|
|
29,321 |
|
|
Fubon Financial Holding Co. Ltd.
|
|
|
359,000 |
|
|
|
951,735 |
|
|
Gigabyte Technology Co. Ltd.
|
|
|
8,000 |
|
|
|
30,815 |
|
|
Gourmet Master Co. Ltd.
|
|
|
1,000 |
|
|
|
6,118 |
|
|
Hon Hai Precision Industry Co. Ltd.
|
|
|
21,000 |
|
|
|
84,315 |
|
|
Largan Precision Co. Ltd.
|
|
|
3,000 |
|
|
|
333,575 |
|
|
MediaTek, Inc.
|
|
|
63,000 |
|
|
|
2,172,632 |
|
|
momo.com Inc.
|
|
|
1,000 |
|
|
|
67,510 |
|
|
Novatek Microelectronics Corp.
|
|
|
8,000 |
|
|
|
142,985 |
|
|
Parade Technologies Ltd.
|
|
|
3,000 |
|
|
|
148,878 |
|
|
Primax Electronics Ltd.
|
|
|
21,000 |
|
|
|
42,948 |
|
|
Realtek Semiconductor Corp.
|
|
|
22,000 |
|
|
|
398,527 |
|
|
Taiwan Mobile Co. Ltd.
|
|
|
8,000 |
|
|
|
29,287 |
|
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
|
|
247,000 |
|
|
|
5,319,893 |
|
|
Tung Ho Steel Enterprise Corp.
|
|
|
50,000 |
|
|
|
94,196 |
|
|
Uni-President Enterprises Corp.
|
|
|
327,000 |
|
|
|
858,684 |
|
|
Visual Photonics Epitaxy Co. Ltd.
|
|
|
7,000 |
|
|
|
33,634 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,040,861 |
|
|
|
|
| Thailand 0.0% |
|
|
|
|
|
|
|
Gulf Energy Development PCL
|
|
|
11,000 |
|
|
|
11,755 |
|
|
Kasikornbank PCL, NVDR
|
|
|
31,100 |
|
|
|
114,787 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
126,542 |
|
|
|
|
| Turkey 0.1% |
|
|
|
|
|
|
|
Turk Hava Yollari AO(a)
|
|
|
10,627 |
|
|
|
16,338 |
|
|
Turkcell Iletisim Hizmetleri A/S
|
|
|
209,645 |
|
|
|
387,858 |
|
|
Turkiye Garanti Bankasi A/S
|
|
|
18,481 |
|
|
|
17,646 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
421,842 |
|
|
|
|
| United Kingdom 3.2% |
|
|
|
|
|
|
|
Abcam PLC(a)
|
|
|
3,049 |
|
|
|
58,246 |
|
|
Anglo American PLC
|
|
|
26,662 |
|
|
|
1,060,117 |
|
|
Aviva PLC
|
|
|
43,448 |
|
|
|
243,915 |
|
|
Babcock International Group PLC(a)
|
|
|
5 |
|
|
|
20 |
|
|
Barratt Developments PLC
|
|
|
1,514 |
|
|
|
14,578 |
|
|
Bellway PLC
|
|
|
471 |
|
|
|
21,101 |
|
|
BP PLC
|
|
|
534,251 |
|
|
|
2,342,899 |
|
|
British American Tobacco PLC
|
|
|
72,083 |
|
|
|
2,798,662 |
|
|
Compass Group PLC(a)
|
|
|
21,719 |
|
|
|
457,574 |
|
|
Diageo PLC
|
|
|
21,239 |
|
|
|
1,017,953 |
|
|
Direct Line Insurance Group PLC
|
|
|
23,450 |
|
|
|
92,492 |
|
|
Dunelm Group PLC
|
|
|
3,789 |
|
|
|
74,533 |
|
|
HomeServe PLC
|
|
|
8,888 |
|
|
|
117,548 |
|
|
Howden Joinery Group PLC
|
|
|
6,088 |
|
|
|
68,849 |
|
|
HSBC Holdings PLC
|
|
|
57,535 |
|
|
|
332,064 |
|
|
IG Group Holdings PLC
|
|
|
3,414 |
|
|
|
40,006 |
|
|
Imperial Brands PLC
|
|
|
20,679 |
|
|
|
445,896 |
|
|
Intertek Group PLC
|
|
|
5,351 |
|
|
|
409,535 |
|
|
ITV PLC(a)
|
|
|
22,816 |
|
|
|
39,654 |
|
|
|
|
|
S C H E D U L E O F I N V E S
T M E N T S
|
|
15 |
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
United Kingdom (continued)
|
|
|
|
|
|
|
|
|
|
J Sainsbury PLC
|
|
|
16,372 |
|
|
$ |
61,622 |
|
|
Janus Henderson Group PLC
|
|
|
5,643 |
|
|
|
219,005 |
|
|
JD Sports Fashion PLC
|
|
|
13,151 |
|
|
|
167,355 |
|
|
JET2 PLC(a)
|
|
|
6,688 |
|
|
|
109,509 |
|
|
John Wood Group PLC(a)
|
|
|
23,805 |
|
|
|
72,523 |
|
|
Johnson Matthey PLC
|
|
|
13,192 |
|
|
|
561,666 |
|
|
Kingfisher PLC
|
|
|
147,663 |
|
|
|
745,269 |
|
|
Linde PLC(a)
|
|
|
1,667 |
|
|
|
481,930 |
|
|
Lloyds Banking Group PLC
|
|
|
754,062 |
|
|
|
487,769 |
|
|
Marks & Spencer Group PLC(a)
|
|
|
46,508 |
|
|
|
94,324 |
|
|
Meggitt PLC(a)
|
|
|
15,011 |
|
|
|
95,890 |
|
|
Micro Focus International PLC
|
|
|
94,999 |
|
|
|
719,302 |
|
|
Nomad Foods Ltd.(a)
|
|
|
1,085 |
|
|
|
30,673 |
|
|
Phoenix Group Holdings PLC
|
|
|
7,904 |
|
|
|
73,989 |
|
|
Redrow PLC
|
|
|
2,244 |
|
|
|
19,035 |
|
|
RELX PLC
|
|
|
5,763 |
|
|
|
152,816 |
|
|
Rentokil Initial PLC
|
|
|
75,637 |
|
|
|
518,052 |
|
|
Rightmove PLC
|
|
|
84,020 |
|
|
|
755,188 |
|
|
Royal Mail PLC(a)
|
|
|
12,956 |
|
|
|
103,594 |
|
|
Smiths Group PLC
|
|
|
4,091 |
|
|
|
90,099 |
|
|
Standard Chartered PLC
|
|
|
18,695 |
|
|
|
119,308 |
|
|
Tate & Lyle PLC
|
|
|
2,260 |
|
|
|
23,115 |
|
|
Vistry Group PLC
|
|
|
1,442 |
|
|
|
23,468 |
|
|
WH Smith PLC(a)
|
|
|
1,871 |
|
|
|
41,689 |
|
|
WM Morrison Supermarkets PLC
|
|
|
26,039 |
|
|
|
88,861 |
|
|
WPP PLC
|
|
|
15,761 |
|
|
|
213,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,704,748 |
|
|
|
|
| United States 56.3% |
|
|
|
|
|
|
|
3D Systems Corp.(a)
|
|
|
949 |
|
|
|
37,932 |
|
|
AbbVie, Inc.
|
|
|
14,764 |
|
|
|
1,663,017 |
|
|
ABIOMED, Inc.(a)
|
|
|
734 |
|
|
|
229,089 |
|
|
Advanced Micro Devices, Inc.(a)
|
|
|
12,031 |
|
|
|
1,130,072 |
|
|
AES Corp.
|
|
|
3,421 |
|
|
|
89,184 |
|
|
AGCO Corp.
|
|
|
169 |
|
|
|
22,034 |
|
|
Agilent Technologies, Inc.
|
|
|
5,283 |
|
|
|
780,880 |
|
|
Airbnb, Inc., Class A(a)
|
|
|
1,180 |
|
|
|
180,705 |
|
|
Alexion Pharmaceuticals, Inc.(a)
|
|
|
1,471 |
|
|
|
270,237 |
|
|
Align Technology, Inc.(a)
|
|
|
6,904 |
|
|
|
4,218,344 |
|
|
Alleghany Corp.(a)
|
|
|
2,039 |
|
|
|
1,360,156 |
|
|
Allegiant Travel Co.(a)
|
|
|
304 |
|
|
|
58,976 |
|
|
Alliance Data Systems Corp.
|
|
|
491 |
|
|
|
51,157 |
|
|
Allstate Corp.
|
|
|
7,239 |
|
|
|
944,255 |
|
|
Ally Financial, Inc.
|
|
|
8,475 |
|
|
|
422,394 |
|
|
Alphabet, Inc., Class A(a)
|
|
|
2,492 |
|
|
|
6,084,941 |
|
|
Alphabet, Inc., Class C(a)
|
|
|
2,460 |
|
|
|
6,165,547 |
|
|
Altice USA, Inc., Class A(a)
|
|
|
3,275 |
|
|
|
111,809 |
|
|
Altria Group, Inc.
|
|
|
5,799 |
|
|
|
276,496 |
|
|
Amazon.com, Inc.(a)
|
|
|
3,067 |
|
|
|
10,550,971 |
|
|
Amedisys, Inc.(a)
|
|
|
124 |
|
|
|
30,371 |
|
|
American Eagle Outfitters, Inc.
|
|
|
5,616 |
|
|
|
210,768 |
|
|
American Express Co.
|
|
|
28,212 |
|
|
|
4,661,469 |
|
|
American International Group, Inc.
|
|
|
3,373 |
|
|
|
160,555 |
|
|
Ameriprise Financial, Inc.
|
|
|
3,326 |
|
|
|
827,775 |
|
|
Amgen, Inc.
|
|
|
5,110 |
|
|
|
1,245,562 |
|
|
Annaly Capital Management, Inc.
|
|
|
3,754 |
|
|
|
33,336 |
|
|
Anthem, Inc.
|
|
|
1,798 |
|
|
|
686,476 |
|
|
Aon PLC, Class A
|
|
|
626 |
|
|
|
149,464 |
|
|
Apple, Inc.
|
|
|
141,608 |
|
|
|
19,394,635 |
|
|
AptarGroup, Inc.
|
|
|
196 |
|
|
|
27,605 |
|
|
Arista Networks, Inc.(a)
|
|
|
549 |
|
|
|
198,908 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
United States (continued)
|
|
|
|
|
|
|
|
|
|
Arthur J. Gallagher & Co.
|
|
|
279 |
|
|
$ |
39,082 |
|
|
AT&T, Inc.
|
|
|
183,338 |
|
|
|
5,276,468 |
|
|
Atlassian Corp. PLC, Class A(a)
|
|
|
1,452 |
|
|
|
372,961 |
|
|
Bank of New York Mellon Corp.
|
|
|
10,416 |
|
|
|
533,612 |
|
|
Bausch Health Cos., Inc.(a)
|
|
|
2,168 |
|
|
|
63,627 |
|
|
Baxter International, Inc.
|
|
|
1,667 |
|
|
|
134,194 |
|
|
Berkshire Hathaway, Inc., Class A(a)
|
|
|
5 |
|
|
|
2,093,005 |
|
|
Berkshire Hathaway, Inc., Class B(a)
|
|
|
4,214 |
|
|
|
1,171,155 |
|
|
Berry Global Group, Inc.(a)
|
|
|
6,347 |
|
|
|
413,951 |
|
|
Biogen, Inc.(a)
|
|
|
1,651 |
|
|
|
571,692 |
|
|
BioMarin Pharmaceutical, Inc.(a)
|
|
|
4,346 |
|
|
|
362,630 |
|
|
Bio-Rad Laboratories, Inc., Class A(a)
|
|
|
852 |
|
|
|
548,935 |
|
|
Blackline, Inc.(a)
|
|
|
147 |
|
|
|
16,357 |
|
|
Blackstone Mortgage Trust, Inc., Class A
|
|
|
1,098 |
|
|
|
35,015 |
|
|
Booking Holdings, Inc.(a)
|
|
|
668 |
|
|
|
1,461,644 |
|
|
BorgWarner, Inc.
|
|
|
9,317 |
|
|
|
452,247 |
|
|
Brighthouse Financial, Inc.(a)
|
|
|
4,401 |
|
|
|
200,422 |
|
|
Bristol-Myers Squibb Co.
|
|
|
64,061 |
|
|
|
4,280,556 |
|
|
Brown & Brown, Inc.
|
|
|
7,408 |
|
|
|
393,661 |
|
|
Bruker Corp.
|
|
|
556 |
|
|
|
42,245 |
|
|
Brunswick Corp.
|
|
|
1,399 |
|
|
|
139,368 |
|
|
C.H. Robinson Worldwide, Inc.
|
|
|
709 |
|
|
|
66,412 |
|
|
Cadence Design Systems, Inc.(a)
|
|
|
1,045 |
|
|
|
142,977 |
|
|
Capital One Financial Corp.
|
|
|
3,128 |
|
|
|
483,870 |
|
|
Carrier Global Corp.
|
|
|
8,066 |
|
|
|
392,008 |
|
|
Carters, Inc.
|
|
|
1,970 |
|
|
|
203,245 |
|
|
Caterpillar, Inc.
|
|
|
1,456 |
|
|
|
316,869 |
|
|
CBRE Group, Inc., Class A(a)
|
|
|
10,338 |
|
|
|
886,277 |
|
|
CDK Global, Inc.
|
|
|
3,852 |
|
|
|
191,406 |
|
|
Centene Corp.(a)
|
|
|
8,598 |
|
|
|
627,052 |
|
|
Charles Schwab Corp.
|
|
|
11,758 |
|
|
|
856,100 |
|
|
Chegg, Inc.(a)
|
|
|
2,111 |
|
|
|
175,445 |
|
|
Chevron Corp.
|
|
|
49,337 |
|
|
|
5,167,557 |
|
|
Chipotle Mexican Grill, Inc.(a)
|
|
|
138 |
|
|
|
213,947 |
|
|
Choice Hotels International, Inc.
|
|
|
2,132 |
|
|
|
253,410 |
|
|
Cigna Corp.
|
|
|
8,306 |
|
|
|
1,969,103 |
|
|
Clean Harbors, Inc.(a)
|
|
|
579 |
|
|
|
53,928 |
|
|
Clorox Co.
|
|
|
89 |
|
|
|
16,012 |
|
|
CMC Materials, Inc.
|
|
|
146 |
|
|
|
22,008 |
|
|
CME Group, Inc.
|
|
|
601 |
|
|
|
127,821 |
|
|
CMS Energy Corp.
|
|
|
7,485 |
|
|
|
442,214 |
|
|
Cognizant Technology Solutions Corp., Class A
|
|
|
3,983 |
|
|
|
275,863 |
|
|
Colgate-Palmolive Co.
|
|
|
18,817 |
|
|
|
1,530,763 |
|
|
Columbia Sportswear Co.
|
|
|
6,501 |
|
|
|
639,438 |
|
|
Comcast Corp., Class A
|
|
|
95,262 |
|
|
|
5,431,839 |
|
|
Conagra Brands, Inc.
|
|
|
3,243 |
|
|
|
117,980 |
|
|
Corning, Inc.
|
|
|
5,872 |
|
|
|
240,165 |
|
|
Costco Wholesale Corp.
|
|
|
370 |
|
|
|
146,398 |
|
|
Credit Acceptance Corp.(a)
|
|
|
306 |
|
|
|
138,958 |
|
|
Crocs, Inc.(a)
|
|
|
664 |
|
|
|
77,369 |
|
|
Cummins, Inc.
|
|
|
8,199 |
|
|
|
1,998,998 |
|
|
Curtiss-Wright Corp.
|
|
|
199 |
|
|
|
23,633 |
|
|
CVS Health Corp.
|
|
|
45,477 |
|
|
|
3,794,601 |
|
|
Danaher Corp.
|
|
|
1,693 |
|
|
|
454,333 |
|
|
Darden Restaurants, Inc.
|
|
|
4,911 |
|
|
|
716,957 |
|
|
Darling Ingredients, Inc.(a)
|
|
|
4,995 |
|
|
|
337,162 |
|
|
DaVita, Inc.(a)
|
|
|
658 |
|
|
|
79,243 |
|
|
Deckers Outdoor Corp.(a)
|
|
|
179 |
|
|
|
68,749 |
|
|
Deere & Co.
|
|
|
1,935 |
|
|
|
682,494 |
|
|
Dell Technologies, Inc., Class C(a)
|
|
|
1,690 |
|
|
|
168,442 |
|
|
Delta Air Lines, Inc.(a)
|
|
|
5,952 |
|
|
|
257,484 |
|
|
|
|
| 16 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
United States (continued)
|
|
|
|
|
|
|
|
|
|
Dicks Sporting Goods, Inc.
|
|
|
2,542 |
|
|
$ |
254,683 |
|
|
Discover Financial Services
|
|
|
403 |
|
|
|
47,671 |
|
|
Donaldson Co., Inc.
|
|
|
6,983 |
|
|
|
443,630 |
|
|
Dover Corp.
|
|
|
280 |
|
|
|
42,168 |
|
|
DTE Energy Co.
|
|
|
1,752 |
|
|
|
227,059 |
|
|
Ecolab, Inc.
|
|
|
384 |
|
|
|
79,092 |
|
|
Emerson Electric Co.
|
|
|
164 |
|
|
|
15,783 |
|
|
Equifax, Inc.
|
|
|
2,491 |
|
|
|
596,619 |
|
|
Equinix, Inc.
|
|
|
1,335 |
|
|
|
1,071,471 |
|
|
Equitable Holdings, Inc.
|
|
|
2,988 |
|
|
|
90,985 |
|
|
Equity Residential
|
|
|
4,961 |
|
|
|
381,997 |
|
|
Essent Group Ltd.
|
|
|
12,843 |
|
|
|
577,293 |
|
|
Estee Lauder Cos., Inc., Class A
|
|
|
1,992 |
|
|
|
633,615 |
|
|
Euronet Worldwide, Inc.(a)
|
|
|
3,437 |
|
|
|
465,198 |
|
|
Expedia Group, Inc.(a)
|
|
|
1,008 |
|
|
|
165,020 |
|
|
Expeditors International of Washington, Inc.
|
|
|
4,422 |
|
|
|
559,825 |
|
|
Extra Space Storage, Inc.
|
|
|
225 |
|
|
|
36,860 |
|
|
Facebook, Inc., Class A(a)
|
|
|
8,647 |
|
|
|
3,006,648 |
|
|
FedEx Corp.
|
|
|
4,874 |
|
|
|
1,454,060 |
|
|
Fidelity National Financial, Inc.
|
|
|
499 |
|
|
|
21,687 |
|
|
Fidelity National Information Services, Inc.
|
|
|
27,261 |
|
|
|
3,862,066 |
|
|
First American Financial Corp.
|
|
|
5,297 |
|
|
|
330,268 |
|
|
First Citizens BancShares, Inc., Class A
|
|
|
34 |
|
|
|
28,313 |
|
|
First Republic Bank
|
|
|
256 |
|
|
|
47,916 |
|
|
Flex Ltd.(a)
|
|
|
4,933 |
|
|
|
88,153 |
|
|
Flowserve Corp.
|
|
|
1,292 |
|
|
|
52,093 |
|
|
Fox Corp., Class A
|
|
|
576 |
|
|
|
21,387 |
|
|
Fox Corp., Class B
|
|
|
1,145 |
|
|
|
40,304 |
|
|
Gartner, Inc.(a)
|
|
|
4,970 |
|
|
|
1,203,734 |
|
|
Genuine Parts Co.
|
|
|
26,755 |
|
|
|
3,383,705 |
|
|
Gilead Sciences, Inc.
|
|
|
12,754 |
|
|
|
878,240 |
|
|
GoodRx Holdings, Inc., Class A(a)
|
|
|
1,766 |
|
|
|
63,594 |
|
|
Graco, Inc.
|
|
|
1,365 |
|
|
|
103,331 |
|
|
H&R Block, Inc.
|
|
|
8,692 |
|
|
|
204,088 |
|
|
Halliburton Co.
|
|
|
887 |
|
|
|
20,507 |
|
|
Hanover Insurance Group, Inc.
|
|
|
127 |
|
|
|
17,226 |
|
|
Healthcare Trust of America, Inc., Class A
|
|
|
9,222 |
|
|
|
246,227 |
|
|
Henry Schein, Inc.(a)
|
|
|
6,687 |
|
|
|
496,109 |
|
|
Herbalife Nutrition Ltd.(a)
|
|
|
2,423 |
|
|
|
127,765 |
|
|
Hewlett Packard Enterprise Co.
|
|
|
73,336 |
|
|
|
1,069,239 |
|
|
Hexcel Corp.(a)
|
|
|
431 |
|
|
|
26,894 |
|
|
Hill-Rom Holdings, Inc.
|
|
|
849 |
|
|
|
96,438 |
|
|
Hologic, Inc.(a)
|
|
|
10,390 |
|
|
|
693,221 |
|
|
Home Depot, Inc.
|
|
|
52 |
|
|
|
16,582 |
|
|
HubSpot, Inc.(a)
|
|
|
2,241 |
|
|
|
1,305,876 |
|
|
Humana, Inc.
|
|
|
4,235 |
|
|
|
1,874,919 |
|
|
IDEXX Laboratories, Inc.(a)
|
|
|
1,137 |
|
|
|
718,072 |
|
|
Illinois Tool Works, Inc.
|
|
|
178 |
|
|
|
39,794 |
|
|
Illumina, Inc.(a)
|
|
|
1,627 |
|
|
|
769,913 |
|
|
Ingersoll Rand, Inc.(a)
|
|
|
13,847 |
|
|
|
675,872 |
|
|
Intel Corp.
|
|
|
73,120 |
|
|
|
4,104,957 |
|
|
Interactive Brokers Group, Inc., Class A
|
|
|
3,430 |
|
|
|
225,454 |
|
|
Intercontinental Exchange, Inc.
|
|
|
5,322 |
|
|
|
631,721 |
|
|
International Game Technology PLC(a)
|
|
|
1,540 |
|
|
|
36,898 |
|
|
Intuit, Inc.
|
|
|
10,016 |
|
|
|
4,909,543 |
|
|
Invesco Ltd.
|
|
|
16,191 |
|
|
|
432,785 |
|
|
Ionis Pharmaceuticals, Inc.(a)
|
|
|
3,295 |
|
|
|
131,438 |
|
|
Itron, Inc.(a)
|
|
|
1,253 |
|
|
|
125,275 |
|
|
ITT, Inc.
|
|
|
4,772 |
|
|
|
437,067 |
|
|
J.M. Smucker Co.
|
|
|
5,952 |
|
|
|
771,201 |
|
|
j2 Global, Inc.(a)
|
|
|
4,071 |
|
|
|
559,966 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
United States (continued)
|
|
|
|
|
|
|
|
|
|
Jefferies Financial Group, Inc.
|
|
|
1,821 |
|
|
$ |
62,278 |
|
|
Johnson & Johnson
|
|
|
42,138 |
|
|
|
6,941,814 |
|
|
Jones Lang LaSalle, Inc.(a)
|
|
|
737 |
|
|
|
144,054 |
|
|
JPMorgan Chase & Co.
|
|
|
8,770 |
|
|
|
1,364,086 |
|
|
Kellogg Co.
|
|
|
4,200 |
|
|
|
270,186 |
|
|
Keysight Technologies, Inc.(a)
|
|
|
1,005 |
|
|
|
155,182 |
|
|
Kinder Morgan, Inc.
|
|
|
87,630 |
|
|
|
1,597,495 |
|
|
Kohls Corp.
|
|
|
10,289 |
|
|
|
567,027 |
|
|
Laboratory Corp. of America Holdings(a)
|
|
|
975 |
|
|
|
268,954 |
|
|
Lamar Advertising Co., Class A
|
|
|
643 |
|
|
|
67,142 |
|
|
Levi Strauss & Co., Class A
|
|
|
1,523 |
|
|
|
42,218 |
|
|
LHC Group, Inc.(a)
|
|
|
86 |
|
|
|
17,222 |
|
|
Life Storage, Inc.
|
|
|
398 |
|
|
|
42,725 |
|
|
Live Nation Entertainment, Inc.(a)
|
|
|
816 |
|
|
|
71,473 |
|
|
LKQ Corp.(a)
|
|
|
3,967 |
|
|
|
195,256 |
|
|
Lockheed Martin Corp.
|
|
|
5,465 |
|
|
|
2,067,683 |
|
|
Lowes Cos., Inc.
|
|
|
9,198 |
|
|
|
1,784,136 |
|
|
M&T Bank Corp.
|
|
|
627 |
|
|
|
91,109 |
|
|
Manhattan Associates, Inc.(a)
|
|
|
1,515 |
|
|
|
219,433 |
|
|
ManpowerGroup, Inc.
|
|
|
1,323 |
|
|
|
157,318 |
|
|
Markel Corp.(a)
|
|
|
96 |
|
|
|
113,924 |
|
|
MarketAxess Holdings, Inc.
|
|
|
450 |
|
|
|
208,616 |
|
|
Marsh & McLennan Cos., Inc.
|
|
|
612 |
|
|
|
86,096 |
|
|
Masco Corp.
|
|
|
13,194 |
|
|
|
777,259 |
|
|
MasTec, Inc.(a)
|
|
|
323 |
|
|
|
34,270 |
|
|
Mastercard, Inc., Class A
|
|
|
5,106 |
|
|
|
1,864,150 |
|
|
McDonalds Corp.
|
|
|
2,086 |
|
|
|
481,845 |
|
|
McKesson Corp.
|
|
|
5,856 |
|
|
|
1,119,901 |
|
|
MDU Resources Group, Inc.
|
|
|
4,179 |
|
|
|
130,970 |
|
|
Medical Properties Trust, Inc.
|
|
|
33,023 |
|
|
|
663,762 |
|
|
MetLife, Inc.
|
|
|
14,732 |
|
|
|
881,710 |
|
|
Mettler-Toledo International, Inc.(a)
|
|
|
282 |
|
|
|
390,666 |
|
|
Microsoft Corp.
|
|
|
40,019 |
|
|
|
10,841,147 |
|
|
Moderna, Inc.(a)
|
|
|
1,095 |
|
|
|
257,303 |
|
|
Molina Healthcare, Inc.(a)
|
|
|
848 |
|
|
|
214,595 |
|
|
Monolithic Power Systems, Inc.
|
|
|
1,332 |
|
|
|
497,435 |
|
|
Morgan Stanley
|
|
|
3,517 |
|
|
|
322,474 |
|
|
Morningstar, Inc.
|
|
|
180 |
|
|
|
46,280 |
|
|
National Vision Holdings, Inc.(a)
|
|
|
7,841 |
|
|
|
400,910 |
|
|
Netflix, Inc.(a)
|
|
|
3,171 |
|
|
|
1,674,954 |
|
|
New York Community Bancorp, Inc.
|
|
|
19,606 |
|
|
|
216,058 |
|
|
NIKE, Inc., Class B
|
|
|
6,419 |
|
|
|
991,671 |
|
|
NiSource, Inc.
|
|
|
6,024 |
|
|
|
147,588 |
|
|
Nordson Corp.
|
|
|
129 |
|
|
|
28,317 |
|
|
Nordstrom, Inc.(a)
|
|
|
14,408 |
|
|
|
526,901 |
|
|
Northrop Grumman Corp.
|
|
|
2,637 |
|
|
|
958,365 |
|
|
NVIDIA Corp.
|
|
|
1,807 |
|
|
|
1,445,781 |
|
|
Okta, Inc.(a)(b)
|
|
|
3,617 |
|
|
|
885,008 |
|
|
Old Dominion Freight Line, Inc.
|
|
|
2,795 |
|
|
|
709,371 |
|
|
OneMain Holdings, Inc.
|
|
|
1,460 |
|
|
|
87,469 |
|
|
Oracle Corp.
|
|
|
464 |
|
|
|
36,118 |
|
|
Otis Worldwide Corp.
|
|
|
13,046 |
|
|
|
1,066,771 |
|
|
PacWest Bancorp
|
|
|
830 |
|
|
|
34,163 |
|
|
Parker-Hannifin Corp.
|
|
|
1,463 |
|
|
|
449,302 |
|
|
Paychex, Inc.
|
|
|
17,984 |
|
|
|
1,929,683 |
|
|
Paycom Software, Inc.(a)
|
|
|
328 |
|
|
|
119,218 |
|
|
PayPal Holdings, Inc.(a)
|
|
|
17,954 |
|
|
|
5,233,232 |
|
|
PepsiCo, Inc.
|
|
|
302 |
|
|
|
44,747 |
|
|
Perrigo Co. PLC
|
|
|
859 |
|
|
|
39,385 |
|
|
Pfizer, Inc.
|
|
|
54,591 |
|
|
|
2,137,784 |
|
|
Phillips 66
|
|
|
25,419 |
|
|
|
2,181,459 |
|
|
|
|
|
S C H E D U L E O F I N V E S
T M E N T S
|
|
17 |
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
United States (continued)
|
|
|
|
|
|
|
|
|
|
Pinnacle Financial Partners, Inc.
|
|
|
3,123 |
|
|
$ |
275,730 |
|
|
Pool Corp.
|
|
|
274 |
|
|
|
125,673 |
|
|
PotlatchDeltic Corp.
|
|
|
2 |
|
|
|
106 |
|
|
PPG Industries, Inc.
|
|
|
2,604 |
|
|
|
442,081 |
|
|
Procter & Gamble Co.
|
|
|
9,541 |
|
|
|
1,287,367 |
|
|
Progressive Corp.
|
|
|
4,696 |
|
|
|
461,194 |
|
|
Prologis, Inc.
|
|
|
3,213 |
|
|
|
384,050 |
|
|
PTC, Inc.(a)
|
|
|
119 |
|
|
|
16,810 |
|
|
Public Storage
|
|
|
1,999 |
|
|
|
601,079 |
|
|
PulteGroup, Inc.
|
|
|
9,450 |
|
|
|
515,686 |
|
|
Pure Storage, Inc., Class A(a)
|
|
|
1,456 |
|
|
|
28,436 |
|
|
Qualcomm, Inc.
|
|
|
19,914 |
|
|
|
2,846,308 |
|
|
Ralph Lauren Corp.
|
|
|
1,604 |
|
|
|
188,967 |
|
|
Regeneron Pharmaceuticals, Inc.(a)
|
|
|
281 |
|
|
|
156,950 |
|
|
Reinsurance Group of America, Inc.
|
|
|
567 |
|
|
|
64,638 |
|
|
Reliance Steel & Aluminum Co.
|
|
|
2,179 |
|
|
|
328,811 |
|
|
Republic Services, Inc.
|
|
|
25,276 |
|
|
|
2,780,613 |
|
|
Roku, Inc.(a)
|
|
|
555 |
|
|
|
254,884 |
|
|
Ryder System, Inc.
|
|
|
540 |
|
|
|
40,138 |
|
|
Santander Consumer USA Holdings, Inc.
|
|
|
494 |
|
|
|
17,942 |
|
|
SBA Communications Corp.
|
|
|
4,076 |
|
|
|
1,299,021 |
|
|
SEI Investments Co.
|
|
|
521 |
|
|
|
32,286 |
|
|
Service Corp. International
|
|
|
11,070 |
|
|
|
593,241 |
|
|
ServiceNow, Inc.(a)
|
|
|
668 |
|
|
|
367,099 |
|
|
Sherwin-Williams Co.
|
|
|
1,770 |
|
|
|
482,236 |
|
|
Signature Bank
|
|
|
1,503 |
|
|
|
369,212 |
|
|
Silicon Laboratories, Inc.(a)
|
|
|
637 |
|
|
|
97,620 |
|
|
Sirius XM Holdings, Inc.
|
|
|
150,986 |
|
|
|
987,448 |
|
|
Skechers USA, Inc., Class A(a)
|
|
|
25,773 |
|
|
|
1,284,269 |
|
|
Snap, Inc., Class A(a)
|
|
|
337 |
|
|
|
22,963 |
|
|
Snap-on, Inc.
|
|
|
153 |
|
|
|
34,185 |
|
|
Southern Co.
|
|
|
61,567 |
|
|
|
3,725,419 |
|
|
Southwest Airlines Co.(a)
|
|
|
14,447 |
|
|
|
766,991 |
|
|
Spirit Realty Capital, Inc.
|
|
|
791 |
|
|
|
37,841 |
|
|
Square, Inc., Class A(a)
|
|
|
2,909 |
|
|
|
709,214 |
|
|
Stifel Financial Corp.
|
|
|
2,404 |
|
|
|
155,923 |
|
|
Stryker Corp.
|
|
|
3,330 |
|
|
|
864,901 |
|
|
Tandem Diabetes Care, Inc.(a)
|
|
|
2,867 |
|
|
|
279,246 |
|
|
Tapestry, Inc.(a)
|
|
|
26,923 |
|
|
|
1,170,612 |
|
|
Tempur Sealy International, Inc.
|
|
|
5,228 |
|
|
|
204,885 |
|
|
Tesla, Inc.(a)
|
|
|
5,847 |
|
|
|
3,974,206 |
|
|
Thermo Fisher Scientific, Inc.
|
|
|
1,316 |
|
|
|
663,883 |
|
|
Timken Co.
|
|
|
541 |
|
|
|
43,599 |
|
|
TJX Cos., Inc.
|
|
|
47,846 |
|
|
|
3,225,777 |
|
|
Toll Brothers, Inc.
|
|
|
362 |
|
|
|
20,927 |
|
|
Toro Co.
|
|
|
1,162 |
|
|
|
127,681 |
|
|
Travel + Leisure Co.
|
|
|
449 |
|
|
|
26,693 |
|
|
Travelers Cos., Inc.
|
|
|
26,660 |
|
|
|
3,991,269 |
|
|
TripAdvisor, Inc.(a)
|
|
|
8,575 |
|
|
|
345,572 |
|
|
Truist Financial Corp.
|
|
|
4,334 |
|
|
|
240,537 |
|
|
Trupanion, Inc.(a)
|
|
|
407 |
|
|
|
46,846 |
|
|
Twitter, Inc.(a)
|
|
|
11,500 |
|
|
|
791,315 |
|
|
U.S. Bancorp
|
|
|
2,288 |
|
|
|
130,347 |
|
|
Ubiquiti, Inc.
|
|
|
482 |
|
|
|
150,476 |
|
|
UGI Corp.
|
|
|
8,047 |
|
|
|
372,657 |
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
United States (continued)
|
|
|
|
|
|
|
|
|
|
Ulta Beauty, Inc.(a)
|
|
|
2,491 |
|
|
$ |
861,313 |
|
|
Ultragenyx Pharmaceutical, Inc.(a)
|
|
|
174 |
|
|
|
16,591 |
|
|
Under Armour, Inc., Class A(a)
|
|
|
15,137 |
|
|
|
320,148 |
|
|
United Parcel Service, Inc., Class B
|
|
|
6,336 |
|
|
|
1,317,698 |
|
|
UnitedHealth Group, Inc.
|
|
|
14,720 |
|
|
|
5,894,477 |
|
|
Unity Software, Inc.(a)
|
|
|
271 |
|
|
|
29,764 |
|
|
Universal Display Corp.
|
|
|
142 |
|
|
|
31,571 |
|
|
Vail Resorts, Inc.(a)
|
|
|
492 |
|
|
|
155,728 |
|
|
VEREIT, Inc.
|
|
|
778 |
|
|
|
35,734 |
|
|
Vertex Pharmaceuticals, Inc.(a)
|
|
|
3,038 |
|
|
|
612,552 |
|
|
VF Corp.
|
|
|
33,032 |
|
|
|
2,709,945 |
|
|
VICI Properties, Inc.
|
|
|
7,144 |
|
|
|
221,607 |
|
|
Visa, Inc., Class A
|
|
|
28,020 |
|
|
|
6,551,636 |
|
|
Vontier Corp.
|
|
|
2,940 |
|
|
|
95,785 |
|
|
Voya Financial, Inc.
|
|
|
23,210 |
|
|
|
1,427,415 |
|
|
W.R. Berkley Corp.
|
|
|
3,501 |
|
|
|
260,579 |
|
|
W.W. Grainger, Inc.
|
|
|
96 |
|
|
|
42,048 |
|
|
Walmart, Inc.
|
|
|
13,628 |
|
|
|
1,921,821 |
|
|
Waste Connections, Inc.
|
|
|
6,014 |
|
|
|
718,252 |
|
|
Waters Corp.(a)
|
|
|
292 |
|
|
|
100,918 |
|
|
Wells Fargo & Co.
|
|
|
26,877 |
|
|
|
1,217,259 |
|
|
Wendys Co.
|
|
|
13,059 |
|
|
|
305,842 |
|
|
Williams Cos., Inc.
|
|
|
1,274 |
|
|
|
33,825 |
|
|
Wintrust Financial Corp.
|
|
|
277 |
|
|
|
20,950 |
|
|
Wyndham Hotels & Resorts, Inc.
|
|
|
3,232 |
|
|
|
233,641 |
|
|
Xilinx, Inc.
|
|
|
1,343 |
|
|
|
194,252 |
|
|
XPO Logistics, Inc.(a)
|
|
|
2,667 |
|
|
|
373,087 |
|
|
Xylem, Inc.
|
|
|
4,617 |
|
|
|
553,855 |
|
|
Zebra Technologies Corp., Class A(a)
|
|
|
442 |
|
|
|
234,035 |
|
|
Zendesk, Inc.(a)
|
|
|
5,176 |
|
|
|
747,104 |
|
|
Zillow Group, Inc., Class A(a)
|
|
|
314 |
|
|
|
38,474 |
|
|
Zillow Group, Inc., Class C(a)
|
|
|
8,046 |
|
|
|
983,382 |
|
|
Zscaler, Inc.(a)
|
|
|
7,038 |
|
|
|
1,520,630 |
|
|
Zynga, Inc., Class A(a)
|
|
|
42,067 |
|
|
|
447,172 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
276,792,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks 96.7%
(Cost: $394,439,582)
|
|
|
|
|
|
|
475,619,943 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred Securities |
|
|
|
|
|
|
|
|
|
| Preferred Stocks 0.2% |
|
|
|
|
|
|
|
|
|
| Brazil 0.1% |
|
|
|
|
|
|
|
Azul SA, Preference Shares(a)
|
|
|
14,796 |
|
|
|
130,563 |
|
|
Banco Bradesco SA, Preference Shares
|
|
|
110,874 |
|
|
|
573,563 |
|
|
Gol Linhas Aereas Inteligentes SA, Preference Shares(a)
|
|
|
6,765 |
|
|
|
31,229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
735,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Germany 0.1% |
|
|
|
|
|
|
|
Bayerische Motoren Werke AG, Preference Shares
|
|
|
228 |
|
|
|
20,511 |
|
|
|
|
| 18 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Security |
|
|
|
|
Shares |
|
|
Value |
|
|
|
|
|
|
Germany (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sartorius AG, Preference Shares
|
|
|
|
|
|
|
383 |
|
|
$ |
199,355 |
|
|
Volkswagen AG, Preference Shares
|
|
|
|
393 |
|
|
|
98,537 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
318,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Securities 0.2%
(Cost: $818,922)
|
|
|
|
|
|
|
|
1,053,758 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rights
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Brazil(a) 0.0% |
|
|
|
|
|
|
|
|
|
|
CVC Brasil Operadora e Agencia de Viagens SA, (Expires: 07/26/21)
|
|
|
|
495 |
|
|
|
853 |
|
|
Ultrapar Participacoes SA,
(Expires: 07/26/21)
|
|
|
|
52,258 |
|
|
|
420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Rights 0.0%
(Cost: $ )
|
|
|
|
|
|
|
|
|
|
|
1,273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments 96.9%
(Cost: $395,258,504)
|
|
|
|
|
|
|
|
476,674,974 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money Market Funds 3.3% |
|
|
|
|
|
|
|
|
|
|
BlackRock Liquidity Funds, T-Fund, Institutional Class,
0.01%(e)(f)
|
|
|
|
15,097,478 |
|
|
|
15,097,478 |
|
|
SL Liquidity Series, LLC, Money Market Series,
0.13%(e)(f)(g)
|
|
|
|
1,213,044 |
|
|
|
1,213,407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,310,885 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Par
(000) |
|
|
|
|
|
|
|
|
| Time Deposits 0.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Canada 0.0% |
|
|
|
|
|
|
|
|
|
|
Brown Brothers Harriman & Co., 0.02%, 07/01/21
|
|
|
CAD |
|
|
|
10 |
|
|
|
7,862 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Security |
|
|
|
|
Par
(000) |
|
|
Value |
|
|
|
|
|
| Japan 0.1% |
|
|
|
|
|
|
|
|
|
|
Sumitomo Bank Tokyo, (0.31%), 07/01/21
|
|
|
JPY |
|
|
|
12,171 |
|
|
$ |
109,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Singapore 0.0% |
|
|
|
|
|
|
|
|
|
|
Hongkong & Shanghai Banking Corp. Ltd., 0.01%, 07/03/21
|
|
|
SGD |
|
|
|
4 |
|
|
|
3,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United Kingdom 0.0% |
|
|
|
|
|
|
|
|
|
|
Citibank NA, New York, 0.01%, 07/01/21
|
|
|
GBP |
|
|
|
5 |
|
|
|
6,787 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
127,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Securities 3.4%
(Cost: $16,438,154)
|
|
|
|
|
|
|
|
|
|
|
16,438,160 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 100.3%
(Cost: $411,696,658)
|
|
|
|
|
|
|
|
|
|
|
493,113,134 |
|
|
Liabilities in Excess of Other Assets (0.3)%
|
|
|
|
|
|
|
|
(1,289,073 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets 100.0%
|
|
|
|
|
|
|
|
|
|
$ |
491,824,061 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Non-income producing security.
|
| (b) |
All or a portion of this security is on loan.
|
| (c) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities
may be resold in transactions exempt from registration to qualified institutional investors.
|
| (d) |
Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
|
| (e) |
Affiliate of the Fund.
|
| (f) |
Annualized 7-day yield as of period end.
|
| (g) |
All or a portion of this security was purchased with the cash collateral from loaned securities.
|
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended June 30, 2021 for purposes of Section 2(a)(3) of the
Investment Company Act of 1940, as amended, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Affiliated Issuer |
|
Value at
06/30/20 |
|
|
Purchases
at Cost |
|
|
Proceeds
from Sales |
|
|
Net
Realized
Gain (Loss) |
|
|
Change in
Unrealized
Appreciation
(Depreciation)
|
|
|
Value at
06/30/21 |
|
|
Shares
Held at
06/30/21 |
|
|
Income |
|
|
Capital Gain
Distributions
from
Underlying
Funds |
|
|
|
|
|
BlackRock Liquidity Funds, T-Fund, Institutional Class
|
|
$ |
7,390,660 |
|
|
$ |
7,706,818 |
(a) |
|
$ |
|
|
|
$ |
|
|
|
|
|
|
|
$ |
|
|
|
$ |
15,097,478 |
|
|
|
15,097,478 |
|
|
$ |
3,184 |
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SL Liquidity Series, LLC, Money Market Series
|
|
|
4,381,498 |
|
|
|
|
|
|
|
(3,167,709 |
)(a) |
|
|
(349 |
) |
|
|
|
|
|
|
(33 |
) |
|
|
1,213,407 |
|
|
|
1,213,044 |
|
|
|
18,893 |
(b) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(349 |
) |
|
|
|
|
|
$ |
(33 |
) |
|
$ |
16,310,885 |
|
|
|
|
|
|
$ |
22,077 |
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
Represents net amount purchased (sold).
|
|
| |
(b) |
All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned
securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.
|
|
|
|
|
|
S C H E D U L E O F I N V E S
T M E N T S
|
|
19 |
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
|
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Description |
|
Number of
Contracts |
|
|
Expiration
Date |
|
|
Notional
Amount (000) |
|
|
Value/
Unrealized
Appreciation
(Depreciation) |
|
|
|
|
|
|
|
Long Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MSCI EAFE Index
|
|
|
35 |
|
|
|
09/17/21 |
|
|
$ |
4,032 |
|
|
$ |
(103,420 |
) |
|
MSCI Emerging Markets Mini Index
|
|
|
25 |
|
|
|
09/17/21 |
|
|
|
1,706 |
|
|
|
5,258 |
|
|
S&P 500 E-Mini Index
|
|
|
41 |
|
|
|
09/17/21 |
|
|
|
8,792 |
|
|
|
99,199 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,037 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative Financial Instruments Categorized by Risk Exposure
As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
Commodity
Contracts |
|
|
Credit
Contracts |
|
|
Equity
Contracts |
|
|
Foreign
Currency
Exchange
Contracts |
|
|
Interest
Rate
Contracts |
|
|
Other
Contracts |
|
|
Total |
|
|
Assets Derivative Financial Instruments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized appreciation on futures contracts(a)
|
|
$ |
|
|
|
$ |
|
|
|
$ |
104,457 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
104,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities Derivative Financial Instruments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized depreciation on futures contracts(a)
|
|
$ |
|
|
|
$ |
|
|
|
$ |
103,420 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
103,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
Net cumulative unrealized appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, are
reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current days variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in
accumulated earnings (loss).
|
|
For the year ended June 30, 2021, the effect of derivative financial instruments in the Statements of
Operations was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
Commodity
Contracts |
|
|
Credit
Contracts |
|
|
Equity
Contracts |
|
|
Foreign
Currency
Exchange
Contracts |
|
|
Interest
Rate
Contracts |
|
|
Other
Contracts |
|
|
Total |
|
|
Net Realized Gain (Loss) from
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts
|
|
$ |
|
|
|
$ |
|
|
|
$ |
4,269,550 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
4,269,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Change in Unrealized Appreciation (Depreciation) on
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures contracts
|
|
$ |
|
|
|
$ |
|
|
|
$ |
(175,407 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
(175,407 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Quarterly Balances of Outstanding Derivative Financial Instruments
|
|
|
|
|
|
|
|
|
Futures contracts
|
|
|
|
|
|
Average notional value of contracts long
|
|
$ |
12,374,245 |
|
|
|
|
For more information about the Funds investment risks regarding derivative financial instruments, refer to the Notes
to Financial Statements.
|
|
|
| 20 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
|
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the
Funds policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
The following table summarizes the
Funds financial instruments categorized in the fair value hierarchy. The breakdown of the Funds 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Argentina
|
|
$ |
2,388,552 |
|
|
|
|
$ |
|
|
|
|
|
$ |
|
|
|
|
|
$ |
2,388,552 |
|
|
Australia
|
|
|
|
|
|
|
|
|
5,173,130 |
|
|
|
|
|
|
|
|
|
|
|
5,173,130 |
|
|
Austria
|
|
|
|
|
|
|
|
|
19,797 |
|
|
|
|
|
|
|
|
|
|
|
19,797 |
|
|
Bangladesh
|
|
|
57,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
57,173 |
|
|
Belgium
|
|
|
|
|
|
|
|
|
1,411,748 |
|
|
|
|
|
|
|
|
|
|
|
1,411,748 |
|
|
Brazil
|
|
|
1,722,589 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,722,589 |
|
|
Canada
|
|
|
20,087,969 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,087,969 |
|
|
China
|
|
|
7,293,659 |
|
|
|
|
|
13,005,514 |
|
|
|
|
|
|
|
|
|
|
|
20,299,173 |
|
|
Czech Republic
|
|
|
|
|
|
|
|
|
121,556 |
|
|
|
|
|
|
|
|
|
|
|
121,556 |
|
|
Denmark
|
|
|
50,271 |
|
|
|
|
|
3,176,681 |
|
|
|
|
|
|
|
|
|
|
|
3,226,952 |
|
|
Finland
|
|
|
|
|
|
|
|
|
2,521,738 |
|
|
|
|
|
|
|
|
|
|
|
2,521,738 |
|
|
France
|
|
|
|
|
|
|
|
|
9,536,478 |
|
|
|
|
|
|
|
|
|
|
|
9,536,478 |
|
|
Germany
|
|
|
|
|
|
|
|
|
12,013,080 |
|
|
|
|
|
|
|
|
|
|
|
12,013,080 |
|
|
Hong Kong
|
|
|
|
|
|
|
|
|
6,162,925 |
|
|
|
|
|
|
|
|
|
|
|
6,162,925 |
|
|
Hungary
|
|
|
|
|
|
|
|
|
1,129,529 |
|
|
|
|
|
|
|
|
|
|
|
1,129,529 |
|
|
India
|
|
|
|
|
|
|
|
|
7,890,588 |
|
|
|
|
|
|
|
|
|
|
|
7,890,588 |
|
|
Indonesia
|
|
|
|
|
|
|
|
|
60,103 |
|
|
|
|
|
|
|
|
|
|
|
60,103 |
|
|
Ireland
|
|
|
5,158,993 |
|
|
|
|
|
1,990,058 |
|
|
|
|
|
|
|
|
|
|
|
7,149,051 |
|
|
Israel
|
|
|
3,458,390 |
|
|
|
|
|
1,187,636 |
|
|
|
|
|
|
|
|
|
|
|
4,646,026 |
|
|
Italy
|
|
|
|
|
|
|
|
|
373,781 |
|
|
|
|
|
|
|
|
|
|
|
373,781 |
|
|
Japan
|
|
|
|
|
|
|
|
|
22,938,352 |
|
|
|
|
|
|
|
|
|
|
|
22,938,352 |
|
|
Luxembourg
|
|
|
|
|
|
|
|
|
176,378 |
|
|
|
|
|
|
|
|
|
|
|
176,378 |
|
|
Malaysia
|
|
|
2,223,599 |
|
|
|
|
|
886,248 |
|
|
|
|
|
|
|
|
|
|
|
3,109,847 |
|
|
Mexico
|
|
|
531,059 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
531,059 |
|
|
Netherlands
|
|
|
408,560 |
|
|
|
|
|
6,461,426 |
|
|
|
|
|
|
|
|
|
|
|
6,869,986 |
|
|
New Zealand
|
|
|
|
|
|
|
|
|
35,503 |
|
|
|
|
|
|
|
|
|
|
|
35,503 |
|
|
Norway
|
|
|
|
|
|
|
|
|
602,371 |
|
|
|
|
|
|
|
|
|
|
|
602,371 |
|
|
Peru
|
|
|
2,045,262 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,045,262 |
|
|
Poland
|
|
|
|
|
|
|
|
|
22,591 |
|
|
|
|
|
|
|
|
|
|
|
22,591 |
|
|
Russia
|
|
|
|
|
|
|
|
|
41,034 |
|
|
|
|
|
|
|
|
|
|
|
41,034 |
|
|
Saudi Arabia
|
|
|
986,005 |
|
|
|
|
|
903,664 |
|
|
|
|
|
|
|
|
|
|
|
1,889,669 |
|
|
Singapore
|
|
|
|
|
|
|
|
|
747,749 |
|
|
|
|
|
|
|
|
|
|
|
747,749 |
|
|
South Africa
|
|
|
14,996 |
|
|
|
|
|
1,308,297 |
|
|
|
|
|
|
|
|
|
|
|
1,323,293 |
|
|
South Korea
|
|
|
88,282 |
|
|
|
|
|
5,817,575 |
|
|
|
|
|
6,205 |
|
|
|
|
|
5,912,062 |
|
|
Spain
|
|
|
|
|
|
|
|
|
32,122 |
|
|
|
|
|
|
|
|
|
|
|
32,122 |
|
|
Sweden
|
|
|
784,301 |
|
|
|
|
|
8,655,349 |
|
|
|
|
|
|
|
|
|
|
|
9,439,650 |
|
|
Switzerland
|
|
|
|
|
|
|
|
|
6,824,693 |
|
|
|
|
|
|
|
|
|
|
|
6,824,693 |
|
|
Taiwan
|
|
|
29,287 |
|
|
|
|
|
14,011,574 |
|
|
|
|
|
|
|
|
|
|
|
14,040,861 |
|
|
Thailand
|
|
|
11,755 |
|
|
|
|
|
114,787 |
|
|
|
|
|
|
|
|
|
|
|
126,542 |
|
|
Turkey
|
|
|
|
|
|
|
|
|
421,842 |
|
|
|
|
|
|
|
|
|
|
|
421,842 |
|
|
United Kingdom
|
|
|
902,183 |
|
|
|
|
|
14,802,565 |
|
|
|
|
|
|
|
|
|
|
|
15,704,748 |
|
|
United States
|
|
|
276,792,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
276,792,391 |
|
|
Preferred Securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred Stocks
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brazil
|
|
|
735,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
735,355 |
|
|
Germany
|
|
|
|
|
|
|
|
|
318,403 |
|
|
|
|
|
|
|
|
|
|
|
318,403 |
|
|
Rights
|
|
|
1,273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,273 |
|
|
|
|
|
S C H E D U L E O F I N V E S T
M E N T S
|
|
21 |
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock Advantage Global Fund, Inc.
|
Fair Value Hierarchy as of Period End (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1 |
|
|
|
|
Level 2 |
|
|
|
|
Level 3 |
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Money Market Funds
|
|
$ |
15,097,478 |
|
|
|
|
$ |
|
|
|
|
|
$ |
|
|
|
|
|
$ |
15,097,478 |
|
|
Time Deposits
|
|
|
|
|
|
|
|
|
127,275 |
|
|
|
|
|
|
|
|
|
|
|
127,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
340,869,382 |
|
|
|
|
$ |
151,024,140 |
|
|
|
|
$ |
6,205 |
|
|
|
|
|
491,899,727 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments Valued at NAV(a)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,213,407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
493,113,134 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative Financial Instruments(b)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Contracts
|
|
$ |
104,457 |
|
|
|
|
$ |
|
|
|
|
|
$ |
|
|
|
|
|
$ |
104,457 |
|
|
Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Contracts
|
|
|
(103,420 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(103,420 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,037 |
|
|
|
|
$ |
|
|
|
|
|
$ |
|
|
|
|
|
$ |
1,037 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(a) |
Certain investments of the Fund were fair valued using NAV per share as no quoted market value is available and
therefore have been excluded from the fair value hierarchy.
|
|
| |
(b) |
Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation
(depreciation) on the instrument.
|
|
See notes to financial statements.
|
|
|
| 22 |
|
2 0 2 1 B L A C K R O
C K A N N U A L R E P O R T T O S H A
R E H O L D E R S
|
|
|
|
|
Schedule of Investments
June 30, 2021
|
|
BlackRock EuroFund
(Percentages shown are based on Net Assets)
|
|
|
|
|
|
|
|
|
|
| Security |
|
Shares |
|
|
Value |
|
|
|
|
|
Common Stocks
|
|
|
|
|
|
|
|
|
|
|
|
| Belgium 1.5% |
|
|
|
|
|
|
|
KBC Group NV
|
|
|
33,225 |
|
|
$ |
2,536,773 |
|
|
|
|
|
|
|
|
|
|
|
| Denmark 3.5% |
|
|
DSV Panalpina A/S
|
|
|
26,169 |
|
|
|
6,108,838 |
|
|
|
|
|
|
|
|
|
|
|
| Finland 5.5% |
|
|
Kone OYJ, Class B
|
|
|
52,419 |
|
|
|
4,278,135 |
|
|
Metso Outotec Oyj
|
|
|
198,874 |
|
|
|
2,310,812 |
|
|
Neste OYJ
|
|
|
48,404 |
|
|
|
2,969,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,558,147 |
|
|
| France 36.5% |
|
|
BNP Paribas SA
|
|
|
109,146 |
|
|
|
6,849,963 |
|
|
Dassault Systemes SE
|
|
|
10,812 |
|
|
|
2,624,031 |
|
|
Eiffage SA
|
|
|
17,673 |
|
|
|
1,800,112 |
|
|
Kering SA
|
|
|
6,535 |
|
|
|
5,726,079 |
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
|
|
16,371 |
|
|
|
12,878,358 |
|
|
Pernod Ricard SA
|
|
|
19,775 |
|
|
|
4,395,237 |
|
|
Safran SA
|
|
|
33,692 |
|
|
|
4,675,874 |
|
|
Sanofi
|
|
|
47,916 |
|
|
|
5,034,179 |
|
|
Schneider Electric SE
|
|
|
44,747 |
|
|
|
7,054,120 |
|
|
Teleperformance
|
|
|
11,095 |
|
|
|
4,505,565 |
|
|
Vinci SA
|
|
|
33,112 |
|
|
|
3,539,601 |
|
|
Worldline SA(a)(b)
|
|
|
42,918 |
|
|
|
4,021,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63,104,732 |
|
|
| Germany 16.6% |
|
|
Adidas AG
|
|
|
9,867 |
|
|
|
3,681,946 |
|
|
Allianz SE, Registered Shares
|
|
|
17,962 |
|
|
|
4,482,539 |
|
|
CTS Eventim AG & Co. KGaA(a)
|
|
|
40,006 |
|
|
|
2,499,036 |
|
|
Deutsche Boerse AG
|
|
|
14,935 |
|
|
|
2,606,848 |
|
|
Merck KGaA
|
|
|
20,416 |
|
|
|
3,917,343 |
|
|
MTU Aero Engines AG
|
|
|
14,342 |
|
|
|
3,556,016 |
|
|
Puma SE
|
|
|
21,169 |
|
|
|
2,526,540 |
|
|
Rational AG
|
|
|
2,755 |
|
|
|
2,495,965 |
|
|
Symrise AG
|
|
|
20,714 |
|
|
|
2,886,635 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,652,868 |
|
|
| Ireland 1.4% |
|
|
Kingspan Group PLC
|
|
|
25,059 |
|
|
|
2,368,407 |
|
|
|
|
|
|
|
|
|
|
|
| Italy 6.7% |
|
|
Enel SpA
|
|
|
332,073 |
|
|
|
3,085,911 |
|
|
Ferrari NV
|
|
|
12,542 |
|
|
|
2,589,248 |
|
|
FinecoBank Banca Fineco SpA(a)
|
|
|
163,358 |
|
|
|
2,850,813 |
|
|
Moncler SpA
|
|
|
44,799 |
|
|
|
3,036,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,562,803 |
|
|
|
|
| Netherlands 15.7% |
|
|
|
|
|
|
|
ASML Holding NV
|
|
|
22,186 |
|
|
|
15,315,423 |
|
|
ASR Nederland NV
|
|
|
11,187 |
|
|
|
433,177 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Security |
|
|
|
|
Shares |
|
|
Value |
|
|
|
|
|
|
Netherlands (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BE Semiconductor Industries NV
|
|
|
|
|
|
|
35,093 |
|
|
$ |
2,990,547 |
|
|
IMCD NV
|
|
|
|
|
|
|
26,453 |
|
|
|
4,214,886 |
|
|
Prosus NV
|
|
|
|
|
|
|
21,289 |
|
|
|
2,085,632 |
|
|
QIAGEN NV(a)
|
|
|
|
|
|
|
43,832 |
|
|
|
2,118,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,158,437 |
|
|
|
|
|
| Portugal 1.0% |
|
|
|
|
|
|
|
|
|
|
EDP – Energias de Portugal SA
|
|
|
|
|
|
|
338,192 |
|
|
|
1,792,520 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Spain 1.2% |
|
|
Amadeus IT Group SA(a)
|
|
|
|
|
|
|
29,126 |
|
|
|
2,053,284 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Switzerland 3.3% |
|
|
Sika AG, Registered Shares
|
|
|
|
|
|
|
7,586 |
|
|
|
2,485,459 |
|
|
STMicroelectronics NV
|
|
|
|
|
|
|
91,096 |
|
|
|
3,312,849 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,798,308 |
|
|
| United Kingdom 4.7% |
|
|
Allfunds Group PLC(a)
|
|
|
|
|
|
|
124,899 |
|
|
|
2,173,797 |
|
|
Linde PLC(a)
|
|
|
|
|
|
|
13,474 |
|
|
|
3,895,737 |
|
|
RELX PLC
|
|
|
|
|
|
|
77,693 |
|
|
|
2,060,162 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,129,696 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Long-Term Investments 97.6%
(Cost: $119,466,585)
|
|
|
|
|
|
|
|
|
|
|
168,824,813 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Money Market Funds 0.3% |
|
|
|
|
|
|
|
|
|
|
BlackRock Liquidity Funds, T-Fund, Institutional Class, 0.01%(c)(d)
|
|
|
|
|
|
|
562,543 |
|
|
|
562,543 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
Par
(000) |
|
|
|
|
|
|
|
|
|
Time Deposits 2.2%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Europe 2.2% |
|
|
|
|
|
|
|
|
|
|
Brown Brothers Harriman & Co, (0.78%), 07/01/21
|
|
|
EUR |
|
|
|
3,225 |
|
|
|
3,823,707 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Securities 2.5%
(Cost: $4,386,250)
|
|
|
|
|
|
|
|
|
|
|
4,386,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 100.1%
(Cost: $123,852,835)
|
|
|
|
|
|
|
|
|
|
|
173,211,063 |
|
|
Liabilities in Excess of Other Assets (0.1)%
|
|
|
|
(157,762 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets 100.0%
|
|
|
|
|
|
|
|
|
|
$ |
173,053,301 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Non-income producing security.
|
| (b) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities
may be resold in transactions exempt from registration to qualified institutional investors.
|
| (c) |
Affiliate of the Fund.
|
| (d) |
Annualized 7-day yield as of period end.
|
|
|
|
|
S C H E D U L E
O F I N V E S T M E N
T S
|
|
23 |
|
|
|
|
Schedule of Investments (continued)
June 30, 2021
|
|
BlackRock EuroFund
|
Affiliates
Investments in issuers considered to be affiliate(s)
of the Fund during the year ended June 30, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Affiliated Issuer |
|
Value at
06/30/20 |
|
|
Purchases
at Cost |
|
|
Proceeds
from Sales |
|
|
Net
Realized
Gain (Loss) |
|
|
Change in
Unrealized
Appreciation
(Depreciation) |
|
|
Value at
06/30/21 |
|
|
Shares
Held at
06/30/21 |
|
|
Income |
|
|
Capital Gain
Distributions
from
Underlying
Funds |
|
|
BlackRock Liquidity Funds, T-Fund, Institutional Class
|
|
$ |
453,145 |
|
|
$ |
109,398 |
(a) |
|
$ |
|
|
|
$ |
|
|
|
$ |
|
|
|
$ |
562,543 |
|
|
|
562,543 |
|
|
$ |
200 |
|
|
$ |
|
|
|
SL Liquidity Series, LLC, Money Market Series(b)
|
|
|
|
|
|
|
214 |
(a) |
|
|
|
|
|
|
(214 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
