October 20, 2021

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Form N-CSR BLACKROCK ADVANTAGE GLOB For: Jun 30


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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

Registrant’s 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.


 

  JUNE 30, 2021

 

  

2021 Annual Report

 

 

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 today’s markets.

Sincerely,

 

LOGO

Rob Kapito

President, BlackRock Advisors, LLC

LOGO

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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Table of Contents

 

 

 

 

 

LOGO

 

 


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 Fed’s 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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Fund Summary   as of June 30, 2021 (continued)    BlackRock Advantage Global Fund, Inc.

 

TOTAL RETURN BASED ON A $10,000 INVESTMENT

 

 

LOGO

 

  (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 Fund’s 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 Fund’s 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).

 

 

 

U N D    U M M A R Y

  5

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.

 

 

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Fund Summary   as of June 30, 2021    BlackRock EuroFund

 

Investment Objective

BlackRock EuroFund’s (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 Agility’s 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 Fund’s 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 portfolio’s 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 Fund’s 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
Fund’s 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 Fund’s 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.

 

 

U N D    U M M A R Y

  7

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

 

 

LOGO

 

  (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 Fund’s assets will be invested in equity securities of companies located in countries participating in the European Monetary
Union (the ‘‘Eurozone’’). The Fund’s 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 Fund’s assets will be invested in equity securities of companies located in countries participating in the European Monetary
Union (the ‘‘Eurozone’’). The Fund’s 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).

 

 

 

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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.

 

 

U N D    U M M A R Y

  9

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 Fund’s 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 Fund’s 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 Fund’s investment adviser, has
contractually and/or voluntarily agreed to waive and/or reimburse a portion of each Fund’s expenses. Without such waiver(s) and/or reimbursement(s), each Fund’s performance would have been lower. With respect to each Fund’s
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 Fund’s
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 Fund’s 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 adviser’s 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 
C K    
N N U A L    E P O R T    T O    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  

 

 

 

C H E D U L E    O F    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  

L’Oreal 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 
C K    
N N U A L    E P O R T    T O    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  

 

 

 

C H E D U L E    O F    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 Peet’s 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 
C K    
N N U A L    E P O R T    T O    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  

 

 

 

C H E D U L E     O F    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  

Carter’s, 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 
C K    
N N U A L    E P O R T    T O    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)

   

Dick’s 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  

Kohl’s 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  

Lowe’s 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  

McDonald’s 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  

 

 

 

C H E D U L E     O F    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  

Wendy’s 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 
C K    
N N U A L    E P O R T    T O    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.

 

 

 

C H E D U L E     O F    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 day’s 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 Fund’s investment risks regarding derivative financial instruments, refer to the Notes
to Financial Statements.

 

 

20  

2 0 2 1    B L A C K 
C K    
N N U A L    E P O R T    T O    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
Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.

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

 

 

 
     Level 1          Level 2          Level 3          Total  

 

 

Assets

                 

Investments

                 

Long-Term Investments

                 

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  

 

 

C H E D U L E    O F    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 
C K    
N N U A L    E P O R T    T O    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.

 

 

 

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     —       —       —