Interim Report and Unaudited Financial Statements

Interim report and unaudited financial statements

BlackRock Collective Investment Funds

• BlackRock Balanced Managed Fund • BlackRock Corporate Bond 1-10 Year Fund • iShares 100 UK Equity Index Fund (UK) • iShares 350 UK Equity Index Fund (UK) • iShares Continental European Equity Index Fund (UK) • iShares Corporate Bond Index Fund (UK) • iShares Emerging Markets Equity Index Fund (UK) • iShares Global Property Securities Equity Index Fund (UK) • iShares Index Linked Gilt Index Fund (UK) • iShares Japan Equity Index Fund (UK) • iShares Mid Cap UK Equity Index Fund (UK) • iShares North American Equity Index Fund (UK) • iShares Over 15 Years Corporate Bond Index Fund (UK) • iShares Over 15 Years Gilts Index Fund (UK) • iShares Overseas Corporate Bond Index Fund (UK) • iShares Overseas Government Bond Index Fund (UK) • iShares Pacific Ex Japan Equity Index Fund (UK) • iShares UK Equity Index Fund (UK) • iShares UK Gilts All Stocks Index Fund (UK) • iShares US Equity Index Fund (UK)

For the financial period ended 31 August 2020 Contents

General Information 2

About the Trust 3

Fund Managers 3

Significant Events 3

Investment Report 4

Notes to Financial Statements 10

BlackRock Balanced Managed Fund 12

BlackRock Corporate Bond 1-10 Year Fund 20 iShares 100 UK Equity Index Fund (UK) 34 iShares 350 UK Equity Index Fund (UK) 42 iShares Continental European Equity Index Fund (UK) 54 iShares Corporate Bond Index Fund (UK) 65 iShares Emerging Markets Equity Index Fund (UK) 93 iShares Global Property Securities Equity Index Fund (UK) 117 iShares Index Linked Gilt Index Fund (UK) 128 iShares Japan Equity Index Fund (UK) 133 iShares Mid Cap UK Equity Index Fund (UK) 145 iShares North American Equity Index Fund (UK) 155 iShares Over 15 Years Corporate Bond Index Fund (UK) 170 iShares Over 15 Years Gilts Index Fund (UK) 179 iShares Overseas Corporate Bond Index Fund (UK) 184 iShares Overseas Government Bond Index Fund (UK) 329 iShares Pacific Ex Japan Equity Index Fund (UK) 353 iShares UK Equity Index Fund (UK) 365 iShares UK Gilts All Stocks Index Fund (UK) 381 iShares US Equity Index Fund (UK) 388

Supplementary Information 402

1 BlackRock Collective Investment Funds General Information

Manager & Registrar BlackRock Fund Managers Limited 12 Throgmorton Avenue, London EC2N 2DL Member of The Investment Association and authorised and regulated by the Financial Conduct Authority (“FCA”).

Directors of the Manager G D Bamping* M B Cook W I Cullen* R A R Hayes A M Lawrence L E Watkins M T Zemek* H N Mepham

Trustee & Custodian The Bank of New York Mellon (International) Limited One Canada Square, London E14 5AL Authorised by the Prudential Regulation Authority and regulated by the FCA and the Prudential Regulation Authority.

Investment Manager BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London EC2N 2DL Authorised and regulated by the FCA.

Stock Lending Agent BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London EC2N 2DL Authorised and regulated by the FCA

Auditor Ernst & Young LLP 25 Churchill Place, Canary Wharf, London E14 5EY

BlackRock’s proxy voting agent is ISS (Institutional Shareholder Services).

This Report relates to the packaged products of and is issued by: BlackRock Fund Managers Limited 12 Throgmorton Avenue, London EC2N 2DL Telephone: 020 7743 3000 Dealing and Investor Services: 0800 44 55 22 blackrock.co.uk

For your protection, telephone calls are usually recorded.

* Non-executive Director.

BlackRock Collective Investment Funds 2 About the Trust

BlackRock Collective Investment Funds (the “Trust”) is organised as an umbrella unit trust scheme comprising separate funds with segregated liability (each referred to as a “Fund” and collectively the “Funds”).

The Trust is an authorised unit trust scheme and each Fund qualifies as a UCITS scheme under the FCA’s Collective Investment Schemes Sourcebook (the “COLL Sourcebook”).

Cross sub-fund holdings within the Trust As at 31 August 2020 and 29 February 2020 there were no cross sub-fund holdings within the Trust.

Assessment of value The FCA has introduced new requirements for UK authorised fund managers to consider whether the charges taken from a fund they manage are justified in the context of the overall service and value offered by that fund, and to report on those findings. BlackRock is preparing for the reporting requirement, including assessing relevant charges, and will be publishing the assessment of value statements no later than 31 October 2020 in a composite report for all funds managed by BlackRock Fund Managers Limited subject to these requirements.

Funds not yet launched Funds approved by the FCA but not yet launched are as follows: iShares Developed Asia Pacific Ex Japan Equity Index Fund (UK) iShares World Ex UK Equity Index Fund (UK)

Fund Managers

As at 31 August 2020, the Fund Managers of the Trust are Duncan Fergusson, Francis Rayner, Darren Wills, Kieran Doyle, David Curtin, Adam Ryan, Jason Byro and Conan McKenzie and Matthew Jackson.

Significant Events

Outbreak of COVID-19 An outbreak of an infectious respiratory illness caused by a novel coronavirus known as COVID-19 was first detected in China in December 2019 and has now developed into a global pandemic. The impact of this significant event on the Funds’ financial risk exposure is disclosed in Note 2.

The Manager has assessed the impact of market conditions arising from the COVID-19 outbreak on the Funds’ ability to meet their investment objectives. Based on the latest available information, the Funds continue to be managed in line with their investment objectives, with no disruption to the operations of the Funds and the publication of net asset values.

3 BlackRock Collective Investment Funds Investment Report for the six months ended 31 August 2020

Investment Objective The investment objective of the Funds is to provide investors with a total return, taking into account the capital and income returns, which reflect the total returns of the respective target/comparator benchmark listed below. Target/comparator Investment management Fund name benchmark approach BlackRock Balanced Managed Fund Investment Association Mixed Investment Active 40%-85% Shares# BlackRock Corporate Bond 1-10 Year Composite Index^ Non-replicating Fund iShares 100 UK Equity Index Fund (UK) FTSE 100 Index^ Replicating iShares 350 UK Equity Index Fund (UK) FTSE 350 Index^ Replicating iShares Continental European Equity Index FTSE World Europe ex UK Index^ Replicating Fund (UK) iShares Corporate Bond Index Fund (UK) Markit iBoxx GBP Non-Gilts Overall TR Non-replicating Index^ iShares Emerging Markets Equity Index FTSE Emerging Index^ Non-replicating Fund (UK) iShares Global Property Securities Equity FTSE EPRA/NAREIT Developed Index^ Non-replicating Index Fund (UK) iShares Index Linked Gilt Index Fund (UK) FTSE Actuaries UK Index Linked Gilts Over Non-replicating 5 Years Index^ iShares Japan Equity Index Fund (UK) FTSE Japan Index^ Replicating iShares Mid Cap UK Equity Index Fund FTSE 250 Index^ Replicating (UK) iShares North American Equity Index Fund FTSE North America Index^ Replicating (UK) iShares Over 15 Years Corporate Bond Markit iBoxx GBP Non-Gilts Over 15 Years Non-replicating Index Fund (UK) Index^ iShares Over 15 Years Gilts Index Fund FTSE Actuaries UK Conventional Gilts Over Non-replicating (UK) 15 Years Index^ iShares Overseas Corporate Bond Index Bloomberg Barclays Global Aggregate Non-replicating Fund (UK) Corporate ex GBP Index^ iShares Overseas Government Bond Index JP Morgan Global Government Bond Index Non-replicating Fund (UK) ex UK^ iShares Pacific Ex Japan Equity Index FTSE World Asia-Pacific ex-Japan Index^ Replicating Fund (UK) iShares UK Equity Index Fund (UK) FTSE All-Share Index^ Replicating iShares UK Gilts All Stocks Index Fund FTSE Actuaries UK Conventional Gilts All Non-replicating (UK) Stocks Index^ iShares US Equity Index Fund (UK) FTSE USA Index^ Replicating # Comparator benchmark ^ Target benchmark

Performance Summary, Tracking Difference and Tracking Error The returns disclosed are the performance returns for the primary unit class for each Fund, net of ongoing charges, which has been selected as a representative unit class. The primary unit class represents the class of unit which is the highest charging unit class, free of any commissions or rebates, and is freely available. Performance returns for any other unit class can be made available on request.

Tracking difference is defined as the difference in returns between a Fund and its target benchmark.

BlackRock Collective Investment Funds 4 Investment Report continued

Realised tracking error is the annualised standard deviation of the difference in monthly returns between a Fund and its target benchmark. Tracking error shows the consistency of the returns relative to the target benchmark over a defined period of time.

Anticipated tracking error is based on the expected volatility of differences between the returns of a Fund and the returns of its target benchmark.

For physically replicating Funds, the investment management approach is to buy a portfolio of securities that as far as practicable consist of the securities that make up the target benchmark, in similar proportion to the weights represented in the target benchmark over a defined period of time.

For non-replicating Funds, the investment management approach aims to match the main risk characteristics of the target benchmark by investing in a portfolio that is primarily made up of securities that represent the target benchmark. The objective is to generate a return which is as close as practicable to the total return of the index net of transaction costs and gross of fees and other costs.

Cash management, efficient portfolio management techniques including securities lending, transaction costs from rebalancing and currency hedging can have an impact on tracking difference. Importantly, these impacts can be either positive or negative depending on the underlying circumstances.

In addition to the above, the Funds may also have a tracking difference or tracking error due to withholding tax suffered by the Funds on any income received from their investments. The level and quantum of tracking difference or tracking error arising due to withholding taxes depends on various factors such as any reclaims filed on behalf of the Funds with various tax authorities, any benefits obtained by the Funds under a tax treaty or any securities lending activities carried out by the Funds.

The following table compares the realised performance of the Funds against the performance of the relevant target benchmark during the financial period ended 31 August 2020 and the anticipated tracking error of the Funds (disclosed in the prospectus on an ex-ante basis) against the actual realised tracking error of the Funds as at 31 August 2020. The realised tracking error is annualised and calculated using data from the preceding 36 month observation period. Where a Fund has not been trading for 36 months, the annualised tracking error since inception has been presented.

An explanation is provided in the footnotes to the table where the realised tracking error is greater than the anticipated tracking error.

Target /comparator benchmark Anticipated Realised Fund return return tracking error tracking error % % % % BlackRock Balanced Managed Fund – Class A Accumulation Units 10.05% 3.09% N/A N/A BlackRock Corporate Bond 1-10 Year Fund – Class D Accumulation Units 1.55% 1.63% Up to 1.50% 0.63% iShares 100 UK Equity Index Fund (UK) – Class D Accumulation Units (7.33%) (7.32%) Up to 0.20% 0.11% iShares 350 UK Equity Index Fund (UK) – Class D Accumulation Units (7.27%) (7.25%) Up to 0.25% 0.12%

5 BlackRock Collective Investment Funds Investment Report continued

Target /comparator benchmark Anticipated Realised Fund return return tracking error tracking error % % % % iShares Continental European Equity Index Fund (UK) – Class D Accumulation Units 7.94% 7.88% Up to 0.30% 0.16% iShares Corporate Bond Index Fund (UK) – Class D Accumulation Units 1.00% 1.15% Up to 0.40% 0.47%1 iShares Emerging Markets Equity Index Fund (UK) – Class D Accumulation Units 8.37% 7.38% Up to 1.30% 0.83% iShares Global Property Securities Equity Index Fund (UK) – Class D Accumulation Units (13.62%) (13.79%) Up to 1.50% 0.50% iShares Index Linked Gilt Index Fund (UK) – Class D Accumulation Units (0.60%) (0.51%) Up to 1.00% 0.41% iShares Japan Equity Index Fund (UK) – Class D Accumulation Units 8.83% 7.76% Up to 3.50% 1.20% iShares Mid Cap UK Equity Index Fund (UK) – Class D Accumulation Units (7.09%) (6.95%) Up to 0.25% 0.26%2 iShares North American Equity Index Fund (UK) – Class D Accumulation Units 17.59% 15.21% Up to 2.50% 1.99% iShares Over 15 Years Corporate Bond Index Fund (UK) – Class D Accumulation Units 1.23% 1.19% Up to 0.30% 1.36%1 iShares Over 15 Years Gilts Index Fund (UK) – Class D Accumulation Units (0.08%) (0.06%) Up to 0.60% 0.25% iShares Overseas Corporate Bond Index Fund (UK) – Class D Accumulation Units 0.97% (0.26%) Up to 4.00% 2.07% iShares Overseas Government Bond Index Fund (UK) – Class D Accumulation Units 0.81% (0.68%) Up to 4.00% 1.91% iShares Pacific Ex Japan Equity Index Fund (UK) – Class D Accumulation Units 6.99% 6.03% Up to 0.75% 0.74% iShares UK Equity Index Fund (UK) – Class D Accumulation Units (7.03%) (7.12%) Up to 0.20% 0.24%2 iShares UK Gilts All Stocks Index Fund (UK) – Class D Accumulation Units 0.53% 0.56% Up to 0.60% 0.16% iShares US Equity Index Fund (UK) – Class D Accumulation Units 18.22% 15.96% Up to 2.50% 1.98% 1 Negative market sentiment relating to fund performance drove up pricing point differences i.e. both index and fund are noon priced, but the exact timing of the price of the underlying securities may vary which causes pricing point differences. These pricing point difference resulted in the tracking error. 2 Operational time delays in receiving details of cash flows in and out of the fund may occur. In a period of high market volatility with higher levels of cash flows, this delay has an effect on fund performance and has led to a tracking difference and thus a tracking error. Other factors attributing to the tracking error were securities lending return, cash drag due to use of futures, and transaction costs.

BlackRock Collective Investment Funds 6 Investment Report continued

Global Economic Overview Global equities, as represented by the MSCI All Country World Index (“ACWI”) (in sterling terms), posted a return of 9.92% for the six months ended 31 August 2020. The period began as many nations moved into lockdowns to arrest the advance of the COVID-19 pandemic and as financial markets weighed the consequences of draconian social restrictions. These provoked a severe global economic downturn and a rise in unemployment despite many governments’ best efforts to subsidise workers and help employers. From late March to May however,equities regained a significant portion of their losses as aggressive policy responses from governments and central banks, the phased reopening of economies around the world, and new COVID-19 treatments raised hopes for an economic recovery. By the end of the reporting period, some indices touched all-time highs, even as economic data continued to indicate substantial weakness.

Looking at currencies, the US dollar declined against most global currencies, particularly late in the reporting period, reflecting unprecedented monetary stimulus, record low interest rates and the rapid spread of the COVID-19 infections early in the period. The euro, the sterling, and the Japanese yen all advanced against the US dollar.

Economic conditions during the reporting period were substantially weakened by the travel and business restrictions put in place to counteract the spread of the COVID-19 virus. This disruption led to a significant economic contraction, and the US economy shrank by an annualised 5% in the first quarter of 2020 and a record 33% in the second quarter of 2020. The economies of the eurozone and Japan fell into recession, while the Chinese economy returned to growth in the second quarter of 2020, raising hopes for recovery in the region.

Bond performance was volatile following the COVID-19 outbreak and initially diverged based on credit quality, as US treasuries posted the strongest performance while corporate and emerging market bonds underperformed the broader bond market. The demand for less risky assets drove the yield (which moves inversely to the price) on the 10-year US Treasury which is a benchmark lending rate for the bond market, to an all-time low in March 2020.

However, after yields rose sharply in the corporate bond market, the Federal Reserve (the Fed) announced in late March 2020 that it would implement an unprecedented corporate bond purchasing facility, which provided significant support to US corporate bond prices. Yields on corporate bonds fell throughout the rest of the reporting period, and both investment-grade and high-yield bonds posted positive returns overall.

Equities in emerging markets advanced significantly during the reporting period. These equities were initially among the most affected by the COVID-19 pandemic, as lockdowns and factory closures in China weighed on Chinese markets. Many of the emerging Asian economies that have significant trade with China also suffered significant supply and demand shocks. However, emerging market equities rebounded as infection rates slowed and economies reopened, and China reported economic data indicating a strong recovery. Emerging market bond prices, which fell sharply in March 2020, posted a positive return for the 6-month period, recovering due to optimism about the pace of the economic recovery.

In the commodities market, gold prices rose to an all-time high amid geopolitical tensions and a move towards less risky assets due to the outbreak of COVID-19. Oil prices fell to a 21-year low in April 2020 amid deteriorating demand and a supply dispute between major oil producing nations, although prices recovered somewhat throughout May and June 2020.

7 BlackRock Collective Investment Funds Investment Report continued

Governments responded to the economic slowdown with both fiscal and monetary stimulus. The US authorised more than $2 trillion in stimulus payments to businesses and individuals, and many other countries around the world also passed stimulus measures. The Fed instituted two emergency interest rate cuts and, along with other influential central banks, implemented a major bond buying program to stabilise debt markets. The synchronised economic stimulus ultimately jumpstarted economic growth and supported risk taking in global markets.

Fund Performance Review and Activity

BlackRock Balanced Managed Fund

Over the six-month period to 31 August 2020, the Fund’s return was 10.05%, outperforming its comparator benchmark, which returned 3.09%.

The performance of markets during the review period was driven predominantly by the COVID-19 outbreak and the unprecedented government and central bank response to mitigate its impact on public health as well as the economy.Markets endured a rollercoaster ride, initially falling significantly before support from governments and accommodative central bank policy helped to restore confidence.

The Fund performed strongly over the period, initially utilising hedging strategies to minimise losses before stepping back into markets through increased global equity exposure and precious metals in order to drive returns as markets rebounded.

During the six-month period the following were the largest contributors to and detractors from the Fund’s absolute return: Largest Contributors Largest Detractors Effect on Effect on Strategy Strategy Fund return Fund return iShares MSCI USA SRI UCITS ETF 4.40% US Policy Equity Basket -1.25% S&P 500 Futures 2.04% BlackRock Segregated UK Equity Portfolio -0.75% US Enterprise Tech Equity Basket 1.49% MSCI Emerging Market Equity Futures -0.67% Equity Variance Strategies 1.06% BlackRock UK Smaller Companies Fund -0.63% BlackRock Continental European Fund 1.06% iShares Corp Bond ETF USD -0.44%

The Fund’s strong performance has been driven by its exposure to US equities through the iShares MSCI USA SRI UCITS ETF,US equity futures, and the bespoke US Enterprise Tech Equity Basket as markets rebounded. In order to fund some of these exposures we sold out of the US Policy Basket as our long-term conviction over the strategy waned. Also detracting was exposure to UK equities which haven’t fully recovered from the sell-off due to increased political uncertainty around Brexit.

The following table details the significant portfolio weightings at 31 August 2020 and 29 February 2020: 31 August 2020 29 February 2020 Asset Class Gross exposure Asset Class Gross exposure UK equities 27.5% UK equities 27.5% Global (ex-UK) equities 49.7% Global (ex-UK) equities 45.1% Corporate bonds 13.6% Corporate bonds 18.8% Government bonds 5.3% Government bonds 6.6% Volatility & Carry Strategies 4.1% Volatility & Carry Strategies 4.8%

BlackRock Collective Investment Funds 8 Investment Report continued

Over the course of the period we increased our allocation to global equities, increasing exposure to cyclical elements of the market as government and central bank intervention helped prop up the economies.

9 BlackRock Collective Investment Funds Notes to Financial Statements (unaudited) for the six months ended 31 August 2020

1. Accounting Policies The financial statements have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice (UK GAAP) and the Statement of Recommended Practice for Authorised Funds (the “SORP”) issued by the Investment Management Association (now known as the Investment Association) in May 2014 and amended in June 2017.

The accounting policies applied are consistent with those of the financial statements for the year ended 29 February 2020 and are described in those annual financial statements.

2. Financial risks The Funds’ investment activities expose them to the various types of risk which are associated with the financial instruments and markets in which they invest. The risks are substantially consistent with those disclosed in the previous annual financial statements with the exception of those outlined below.

Market risk arising from price risk Price risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to the individual financial instrument or its issuer, or factors affecting similar financial instruments traded in the market. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Funds and the market price of their investments.

An outbreak of an infectious respiratory illness caused by a novel coronavirus known as COVID-19 was first detected in China in December 2019 and has now developed into a global pandemic. This coronavirus has resulted in travel restrictions, closed international borders, enhanced health screenings at ports of entry and elsewhere, disruption of and delays in healthcare service preparation and delivery, prolonged quarantines, cancellations, supply chain disruptions, and lower consumer demand, as well as general concern and uncertainty. The impact of COVID-19 has adversely affected the economies of many nations across the entire global economy, individual issuers and capital markets, and could continue to extents that cannot necessarily be foreseen. In addition, the impact of infectious illnesses in emerging market countries may be greater due to generally less established healthcare systems. Public health crises caused by the COVID-19 outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally. The duration of the COVID-19 outbreak and its effects cannot be determined with certainty.

A key metric used by the BlackRock Risk and Quantitative Analysis Group to measure market risk is Value-at-Risk (“VaR”) which encompasses currency, interest rate and price risk. VaR is a statistical risk measure that estimates the potential portfolio loss from adverse market movements in an ordinary market environment. VaR analysis reflects the interdependencies between risk variables, unlike a traditional sensitivity analysis.

BlackRock Collective Investment Funds 10 Notes to Financial Statements (unaudited) continued

The one-day VaR based on a 99% confidence level is outlined in the table below: 31.8.2020 29.2.2020 Fund name % % BlackRock Balanced Managed Fund 3.26 1.91 BlackRock Corporate Bond 1-10 Year Fund 0.54 0.37 iShares 100 UK Equity Index Fund (UK) 5.37 3.28 iShares 350 UK Equity Index Fund (UK) 5.16 3.27 iShares Continental European Equity Index Fund (UK) 4.46 2.95 iShares Corporate Bond Index Fund (UK) 0.86 0.66 iShares Emerging Markets Equity Index Fund (UK) 3.36 2.92 iShares Global Property Securities Equity Index Fund (UK) 4.75 2.47 iShares Index Linked Gilt Index Fund (UK) 2.70 2.29 iShares Japan Equity Index Fund (UK) 3.95 2.81 iShares Mid Cap UK Equity Index Fund (UK) 5.63 3.41 iShares North American Equity Index Fund (UK) 5.00 3.50 iShares Over 15 Years Corporate Bond Index Fund (UK) 2.02 1.45 iShares Over 15 Years Gilts Index Fund (UK) 2.38 1.93 iShares Overseas Corporate Bond Index Fund (UK) 1.55 1.66 iShares Overseas Government Bond Index Fund (UK) 1.53 1.60 iShares Pacific Ex Japan Equity Index Fund (UK) 3.58 2.78 iShares UK Equity Index Fund (UK) 5.17 3.29 iShares UK Gilts All Stocks Index Fund (UK) 1.31 1.12 iShares US Equity Index Fund (UK) 5.01 3.51

11 BlackRock Collective Investment Funds BlackRock Balanced Managed Fund

About the Fund

The Fund is a sub-fund of BlackRock Collective Investment Funds (previously known as BlackRock Qualified Investor Schemes (1)), a UCITS scheme under the COLL Sourcebook. The Fund was established on 21 June 2005 and was authorised by the FCA on 21 June 2005. The Fund was previously known as Merrill Lynch Balanced Managed Fund. It adopted its present name with effect from 28 April 2008. The Fund’s FCA product reference number is 645667.

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Accumulation 12345 67

• The risk indicator was calculated incorporating historical data and may not be a reliable indication of the future risk profile of the Fund. • The risk category shown is not guaranteed and may change over time. • The lowest category does not mean risk free. • The use of derivatives will impact the value of the Fund and may expose the Fund to a higher degree of risk. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

For more information on this, please see the Fund’s Key Investor Information Document (“KIID”), which is available at www.blackrock.com.

BlackRock Collective Investment Funds 12 BlackRock Balanced Managed Fund

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 255,341,986 557,639 218.4

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 0.2173

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 1.55% 1.56% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

13 BlackRock Collective Investment Funds BlackRock Balanced Managed Fund

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

127,100 Trainline 504 0.09 EUROPE − 23.23%; 29.2.2020 25.30% 31,800 Unilever 1,418 0.25 EQUITIES − 15.96%; 29.2.2020 17.85% 87,034 Unite 841 0.15

Ireland − 0.20%; 29.2.2020 0.20% 84,610 15.17 40,000 CRH 1,132 0.20 BONDS − 7.27%; 29.2.2020 7.45% Netherlands − 0.59%; 29.2.2020 1.00% UK Sterling Denominated Government 5,159 Just Eat Takeaway.com 434 0.08 Bonds − 5.83%; 29.2.2020 6.29% 266,500 Royal Dutch Shell 2,833 0.51 £6,646,298 United Kingdom Gilt 0.5% 6,713 1.20 Ø 3,267 0.59 22/7/2022 £3,591,516 United Kingdom Gilt 0.75% 3,676 0.66 United Kingdom − 15.17%; 29.2.2020 16.65% 22/7/2023Ø 324,900 3i 3,048 0.55 £8,135,694 United Kingdom Gilt 1.5% 8,179 1.47 365,000 Ascential 1,139 0.20 22/1/2021Ø 70,500 Ashtead 1,836 0.33 £3,584,650 United Kingdom Gilt 1.5% 3,895 0.70 89,800 Associated British Foods 1,836 0.33 22/7/2026Ø 97,450 AstraZeneca 8,125 1.46 £2,635,692 United Kingdom Gilt 2% 2,903 0.52 Ø 496,931 Auto Trader 2,798 0.50 7/9/2025 640,000 Barclays 715 0.13 £3,687,163 United Kingdom Gilt 2.75% 4,102 0.74 Ø 381,400 BP 1,008 0.18 7/9/2024 163,500 British American 4,140 0.74 £876,823 United Kingdom Gilt 4.25% 1,259 0.23 Tobacco 7/6/2032 540,000 Cairn Energy 761 0.14 £1,212,020 United Kingdom Gilt 4.75% 1,754 0.31 7/12/2030Ø 466,000 Capital & Counties 603 0.11 Properties 32,481 5.83 293,120 Compass 3,578 0.64 121,100 easyJet 767 0.14 US Dollar Denominated Corporate Bonds − 1.44%; 29.2.2020 1.16% 70,300 Ferguson 5,185 0.93 $7,000,000 Goldman Sachs International 0% 8,055 1.44 24,673 Fevertree Drinks 507 0.09 21/12/2021 92,200 Hargreaves Lansdown 1,490 0.27 250,000 HSBC 825 0.15 NORTH AMERICA − 5.34%; 29.2.2020 12.18% 56,500 Johnson Matthey 1,342 0.24 2,365,000 Lloyds Banking 671 0.12 EQUITIES − 5.34%; 29.2.2020 12.18% 36,400 London Stock Exchange 3,203 0.57 Bermuda − 0.14%; 29.2.2020 0.00% 504,000 Melrose Industries 513 0.09 100,100 HiscoxØ 794 0.14 61,800 Next 3,732 0.67 125,477 Patisserie Valerie1 –0.00 United States of America − 5.20%; 29.2.2020 12.18% 144,600 Prudential 1,766 0.32 2,842 Adobe 1,089 0.20 57,200 Reckitt Benckiser 4,295 0.77 907 Alphabet 1,102 0.20 346,900 RELX 5,906 1.06 353 Amazon.com 907 0.16 406,000 Rentokil InitialØ 2,162 0.39 7,147 Analog Devices 624 0.11 475,400 Rightmove 3,013 0.54 3,348 ANSYS 847 0.15 157,000 Rio Tinto 7,276 1.30 19,188 Apple 1,846 0.33 987,000 Serco 1,382 0.25 2,338 Arista Networks 390 0.07 131,400 Smith & Nephew 1,999 0.36 5,136 Aspen Technology 486 0.09 531,023 SSPØ 1,302 0.23 11,593 Booz Allen Hamilton 762 0.14 517,000 Standard Chartered 2,028 0.36 3,055 Broadcom 791 0.14 1,324,900 Tesco 2,896 0.52 13,627 Cadence Design Systems 1,128 0.20

BlackRock Collective Investment Funds 14 BlackRock Balanced Managed Fund

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

18,642 Cisco Systems 588 0.11 332,416 BlackRock Global Funds - US 9,111 1.63 † 19,516 CommScope 150 0.03 Growth Fund 26,011 Conduent 65 0.01 5,294,662 BlackRock UK 53,000 9.51 † 3,206 F5 Networks 317 0.06 Smaller Companies Fund 6,367 Facebook 1,394 0.25 109,860 19.70 2,533 Fair Isaac 796 0.14 7,083 Fiserv 527 0.09 Exchange Traded Funds − 10.21%; 29.2.2020 14.54% 6,690 Fortinet 660 0.12 106,766 iShares Core FTSE 100 UCITS 10,658 1.91 ETF † 19,644 Intel 747 0.13 3,468,645 iShares MSCI Japan SRI UCITS 15,958 2.86 5,123 International Business Machines 471 0.08 ETF† 2,964 Intuit 764 0.14 411,000 iShares Physical Gold ETC† 11,825 2.12 24,536 Marvell Technology 710 0.13 393,200 iShares Physical Silver ETC† 7,831 1.40 3,920 Mastercard 1,048 0.19 141,266 iShares USD High Yield Bond 10,680 1.92 14,818 Microsoft 2,490 0.45 UCITS ETF† 7,381 NetApp 261 0.05 19,041 NortonLifeLock 334 0.06 56,952 10.21 3,030 NVIDIA 1,210 0.22 Fixed Income Funds − 29.99%; 29.2.2020 25.95% 14,292 ON Semiconductor 228 0.04 46,744,401 BlackRock Corporate Bond 65,395 11.73 16,187 Oracle 691 0.12 Fund† 2,548 Palo Alto Networks 490 0.09 13,806,393 iShares MSCI USA SRI UCITS 101,825 18.26 5,689 PTC 388 0.07 ETF† 23,239 Sabre 121 0.02 4,732 salesforce.com 962 0.17 167,220 29.99 13,091 Seagate Technology 469 0.08 Investment Trusts − 1.08%; 29.2.2020 1.28% 1,992 Splunk 326 0.06 5,375,000 BlackRock Frontiers Investment 5,031 0.90 3,892 VeriSign 624 0.11 Tr ust † 6,363 Visa 1,007 0.18 3,363,531 Schroder UK Public Private 982 0.18 3,892 VMware 419 0.08 6,013 1.08 3,413 Zebra Technologies 730 0.13 Multi-Strategy Funds − 0.00%; 29.2.2020 0.00% 28,959 5.20 5,124,039 Highbridge Multi Strategy Fund2 –0.00 COLLECTIVE INVESTMENT SCHEMES − 62.53%; 29.2.2020 61.60% Short-term Money Market Funds − 1.55%; 29.2.2020 0.64% Equity Funds − 19.70%; 29.2.2020 19.19% 86,755 BlackRock ICS Sterling Liquid 8,677 1.55 Environmentally Aware Fund - 1,034,680 BlackRock Continental European 32,789 5.88 Agency Income Class† Fund† 1,186,693 BlackRock Global Funds - 14,960 2.68 Emerging Markets Fund†

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − 1.95%; 29.2.2020 (0.30%)

Forward Currency Contracts − 0.32%; 29.2.2020 (0.10%) ¥694,609,082 Japanese yen vs UK sterling 4,894 (257) (0.05) £21,175,864 UK sterling vs Euro 21,027 149 0.03

15 BlackRock Collective Investment Funds BlackRock Balanced Managed Fund

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

£38,700,000 UK sterling vs US dollar 36,802 1,898 0.34

62,723 1,790 0.32

Futures − (0.15%); 29.2.2020 0.19% 45 Euro Stoxx 50 September 2020 1,312 6 0.00 956 Euro Stoxx Bank September 2020 2,643 (159) (0.03) (84) MSCI Emerging Markets September 2020 3,452 (293) (0.05) (32) S&P 500 E-Mini September 2020 4,181 (218) (0.04) (27) US 10 Year Note (CBT) December 2020 2,808 – 0.00 (142) US 10 Year Ultra September 2020 2,956 (176) (0.03)

17,352 (840) (0.15)

Options − 0.06%; 29.2.2020 0.07% 452 DAX Call Option 18/12/2020 13750 8,466 626 0.11 (308) DAX Put Option 18/12/2020 2150 5,721 (652) (0.12) 796 Euro Stoxx 50 Call Option 18/12/2020 3450 7,711 551 0.10 858 Euro Stoxx 50 Call Option 18/12/2020 4000 489 17 0.00 (1,225) S&P 500 Put Option 21/20/2020 28 607 (192) (0.03)

22,994 350 0.06

Total Return Swaps − 1.24%; 29.2.2020 (0.27%) 2,285,118 (Barclays WVMM Index) 0.6% 15/9/2020 1,751 40 0.01 2,445,709 (Volatility Carry Strategy) 0.6% 9/3/2021 1,868 39 0.01 7,257,232 Bank of America Merrill Lynch (Dow Jones US Select Home) 0.392% 5,609 266 0.05 22/7/2021 2,204,728 Barclays (Barclays WVMW Index) 0.6% 10/9/2020 1,706 56 0.01 9,742,952 Barclays Bank (SPX Trend Strategy) 0.9% 30/4/2021 7,304 (19) (0.01) 815,000 BNP Paribas (BNP S&P 500 Stocks vs Index Volatility) 0% 14/12/2020 628 22 0.00 20,283,855 BNP Paribas (Cyber Security Basket) 0.614% 23/4/2021 18,838 3,666 0.66 10,957 Citibank (Global Brands Basket Index) 0% 4/9/2020 20,657 2,726 0.49 2,288,000 Société Générale (Index Dispersion Strategy Index) 0% 21/12/2020 1,348 (349) (0.06) 3,297,398 Société Générale (Small Caps Strong Balance) 0.726% 14/12/2020 2,774 290 0.05 3,461,521 Société Générale (Small Caps Strong Balance) 0.738% 14/12/2020 2,774 167 0.03

65,257 6,904 1.24

Volatility Swaps − 0.48%; 29.2.2020 (0.19%) 7,180 (Russell 2000) 0% 19/12/2020 12,236 10,128 1.82

BlackRock Collective Investment Funds 16 BlackRock Balanced Managed Fund

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

8,303 (SPX) 0% 19/12/2020 9,226 (7,445) (1.34)

21,462 2,683 0.48

Portfolio of investments 518,907 93.05 Net other assets 38,732 6.95

Total net assets 557,639 100.00

Unless otherwise stated, all securities are either listed on a recognised exchange or traded on an eligible securities market. Underlying exposure has been calculated according to the guidelines issued by the European Securities and Markets Authority (“ESMA”) and represents the market value of an equivalent position in the assets underlying each financial derivative instrument. The counterparties for the forward currency contracts are Barclays Bank Plc and Deutsche Bank AG. The total return swaps (“TRS”) shown in the portfolio statement starting on page 0 are expressed at both their mark-to-market and original notional value, which when added together represent the current notional value of the TRS. The current notional value of a TRS represents the reference amount used to calculate payments between the counterparties to the TRS. The full notional value represents the economic interest in the security underlying the TRS, but does not change hands in full between the counterparties. 1 Security fair valued by Manager at zero. 2 Illiquid Security Fair Valued by the Manager. Ø All or a portion of this investment represents a security on loan. † Managed by a related party.

17 BlackRock Collective Investment Funds BlackRock Balanced Managed Fund

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 47,726 38,037 Revenue 4,730 6,397 Expenses (3,998) (4,034) Interest payable and similar charges (181) (676) Net revenue before taxation 551 1,687 Taxation – (62) Net revenue after taxation 551 1,625 Total return before distributions 48,277 39,662 Distributions (555) (1,630) Change in net assets attributable to unitholders from investment activities 47,722 38,032

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 514,884 505,989 Amounts receivable on issue of units 8,900 9,100 Amounts payable on cancellation of units (14,422) (16,783) (5,522) (7,683) Change in net assets attributable to unitholders from investment activities 47,722 38,032 Retained distribution on accumulation units 555 1,622 Closing net assets attributable to unitholders 557,639 537,960 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

BlackRock Collective Investment Funds 18 BlackRock Balanced Managed Fund

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 528,667 516,314 Current assets − Debtors 1,193 12,960 − Cash and bank balances 50,094 5,747 − Pledged investments – 883 Total assets 579,954 535,904

Liabilities: Investment liabilities (9,760) (8,569) Creditors − Amounts held at futures clearing houses and brokers – (1,489) − Cash collateral payable (9,202) (2,040) − Other creditors (3,353) (8,922) Total liabilities (22,315) (21,020) Net assets attributable to unitholders 557,639 514,884

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

19 BlackRock Collective Investment Funds BlackRock Corporate Bond 1-10 Year Fund

About the Fund

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Accumulation 1 2 3 4567 L Accumulation 1 2 3 4567 X Accumulation 1 2 3 4567 D Accumulation 1 2 3 4567

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

BlackRock Collective Investment Funds 20 BlackRock Corporate Bond 1-10 Year Fund

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 957,421 1,505 157.2 L Accumulation 99,877,567 162,088 162.3 X Accumulation 563,020,702 858,915 152.6 D Accumulation 127,137,036 203,850 160.3

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 1.5817 L Accumulation 1.8684 X Accumulation 1.9049 D Accumulation 1.8851

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.52% 0.52% L Accumulation 0.22% 0.22% X Accumulation 0.02% 0.02% D Accumulation 0.17% 0.17% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

21 BlackRock Collective Investment Funds BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

BONDS − 98.03%; 29.2.2020 98.55% £3,700,000 Annington Funding 3.184% 4,074 0.33 12/7/2029 UK Sterling Denominated Corporate £1,550,000 AP Moller - Maersk 4% 4/4/2025 1,653 0.13 Bonds − 97.62%; 29.2.2020 98.55% £4,600,000 Apple 3.05% 31/7/2029Ø 5,511 0.45 £650,000 3i 6.875% 9/3/2023 734 0.06 £500,000 APT Pipelines 3.5% 22/3/2030 562 0.05 £623,000 A2D Funding 4.75% 663 0.05 18/10/2022 £1,025,000 APT Pipelines 4.25% 26/11/2024 1,155 0.09 £750,000 A2D Funding II 4.5% 859 0.07 £2,900,000 Aroundtown 3% 16/10/2029 2,942 0.24 30/9/2026 £2,235,000 Aroundtown 3.25% 18/7/2027 2,355 0.19 £1,500,000 A2Dominion Housing 1,653 0.13 £1,800,000 Aroundtown 4.75% Perpetual 1,823 0.15 3.5% 15/11/2028 25/6/2169 £2,400,000 Abertis Infraestructuras 2,536 0.21 £2,175,000 Assura Financing 3% 19/7/2028 2,402 0.20 3.375% 27/11/2026 £3,775,000 AT&T 2.9% 4/12/2026 4,128 0.34 £2,900,000 ABN AMRO Bank 2,948 0.24 £4,700,000 AT&T 4.375% 14/9/2029 5,698 0.46 1.375% 7/6/2022 £3,550,000 AT&T 5.5% 15/3/2027 4,433 0.36 £1,600,000 ABN AMRO Bank 1,639 0.13 £2,000,000 Aviva 4.375% 12/9/2049Ø 2,214 0.18 1.375% 16/1/2025 £2,000,000 Aviva 5.125% 4/6/2050 2,333 0.19 £1,000,000 ABN AMRO Bank 1,026 0.08 £4,900,000 Aviva 6.125% 14/11/2036 5,954 0.49 2.375% 7/12/2021 £3,650,000 Aviva 6.125% Perpetual 3,998 0.33 £850,000 Admiral 5.5% 974 0.08 29/9/2168 Ø 25/7/2024 £4,300,000 AXA 5.453% Perpetual 4/3/2169 4,927 0.40 £1,750,000 Affinity Water Finance 2,215 0.18 £2,000,000 AXA 6.6862% Perpetual 2,443 0.20 5.875% 13/7/2026 6/7/2169 £2,050,000 Akelius Residential 2,118 0.17 £1,800,000 Babcock International 1.875% 1,719 0.14 Property 2.375% 5/10/2026Ø 15/8/2025 £1,900,000 BAE Systems 4.125% 8/6/2022 2,005 0.16 £2,850,000 America Movil 5% 3,464 0.28 £3,600,000 Banco Santander 1.375% 3,646 0.30 27/10/2026 31/7/2024 £3,650,000 America Movil 5.75% 4,910 0.40 £2,600,000 Banco Santander 1.75% 2,574 0.21 28/6/2030 17/2/2027 £1,000,000 American Honda 1,004 0.08 £1,900,000 Banco Santander 2.75% 1,990 0.16 Finance 1.3% 21/3/2022 12/9/2023 £750,000 American Honda 775 0.06 £2,675,000 Bank of America 2.3% 2,855 0.23 Finance 2.625% 25/7/2025 14/10/2022 £1,400,000 Bank of America 4.25% 1,665 0.14 £1,900,000 American International 2,087 0.17 10/12/2026 5% 26/4/2023 £1,300,000 Bank of America 5.5% 1,375 0.11 £4,000,000 Amgen 4% 13/9/2029Ø 4,913 0.40 22/11/2021 £2,450,000 Amgen 5.5% 7/12/2026 3,134 0.26 £2,500,000 Bank of America 6.125% 2,646 0.22 £1,600,000 Anglo American Capital 1,719 0.14 15/9/2021 3.375% 11/3/2029 £7,650,000 Bank of America 7% 31/7/2028 10,871 0.89 £3,350,000 Anheuser-Busch InBev 3,474 0.28 £500,000 Bank of America 8.125% 715 0.06 1.75% 7/3/2025 2/6/2028Ø £4,000,000 Anheuser-Busch InBev 4,200 0.34 £975,000 Bank of Montreal 1.375% 987 0.08 2.25% 24/5/2029 29/12/2021 £2,400,000 Anheuser-Busch InBev 2,752 0.22 £1,875,000 Bank of Montreal 1.5% 1,944 0.16 4% 24/9/2025 18/12/2024 £2,050,000 Anheuser-Busch InBev 2,749 0.22 £1,800,000 Bank of Montreal 1.625% 1,839 0.15 9.75% 30/7/2024 21/6/2022 £2,600,000 Annington Funding 2,771 0.23 £1,700,000 Bank of Nova Scotia/The 1.25% 1,722 0.14 2.646% 12/7/2025 8/6/2022

BlackRock Collective Investment Funds 22 BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,250,000 Bank of Nova Scotia/The 1,278 0.10 £1,300,000 BMW International Investment 1,308 0.11 1.375% 5/12/2023 1% 17/11/2021 £700,000 Bank of Nova Scotia/The 1.75% 720 0.06 £330,000 BMW International Investment 335 0.03 23/12/2022 1.25% 11/7/2022 £1,100,000 Bank of Scotland 7.281% 1,266 0.10 £1,550,000 BMW International Investment 1,583 0.13 Perpetual 30/11/2168 1.375% 1/10/2024 £3,200,000 Banque Federative du Credit 3,273 0.27 £1,300,000 BMW International Investment 1,323 0.11 Mutuel 1.25% 5/12/2025 1.75% 19/4/2022 £1,300,000 Banque Federative du Credit 1,316 0.11 £1,300,000 BMW International Investment 1,344 0.11 Mutuel 1.375% 20/12/2021 1.875% 11/9/2023 £1,500,000 Banque Federative du Credit 1,557 0.13 £1,900,000 BNP Paribas 1.125% 16/8/2022 1,926 0.16 Mutuel 1.5% 7/10/2026 £5,200,000 BNP Paribas 1.875% 14/12/2027 5,338 0.44 £2,900,000 Banque Federative du Credit 3,046 0.25 £5,200,000 BNP Paribas 3.375% 23/1/2026Ø 5,755 0.47 Mutuel 1.75% 19/12/2024 £990,000 BNP Paribas 5.75% 24/1/2022 1,056 0.09 £800,000 Banque Federative du Credit 826 0.07 £2,350,000 Bouygues 5.5% 6/10/2026 2,945 0.24 Mutuel 1.875% 13/12/2022 £2,500,000 BP Capital Markets 1.177% 2,546 0.21 £1,400,000 Banque Federative du Credit 1,477 0.12 12/8/2023 Mutuel 2.25% 18/12/2023 £2,450,000 BP Capital Markets 1.827% 2,570 0.21 £4,300,000 Barclays 2.375% 6/10/2023 4,408 0.36 8/9/2025Ø £3,575,000 Barclays 3% 8/5/2026 3,823 0.31 £1,700,000 BP Capital Markets 2.03% 1,789 0.15 £4,870,000 Barclays 3.125% 17/1/2024 5,148 0.42 14/2/2025 £7,550,000 Barclays 3.25% 12/2/2027 8,202 0.67 £2,900,000 BP Capital Markets 2.274% 3,128 0.26 £2,200,000 Barclays 3.75% 22/11/2030 2,318 0.19 3/7/2026 £1,650,000 Barclays Bank 5.75% 14/9/2026 1,984 0.16 £6,875,000 BP Capital Markets 4.25% 7,287 0.59 £750,000 Barclays Bank 9.5% 7/8/2021 807 0.07 Perpetual 22/6/2169 £500,000 BASF 0.875% 6/10/2023 506 0.04 £2,000,000 BPCE 1.375% 23/12/2026 2,044 0.17 £500,000 BASF 1.375% 21/6/2022 508 0.04 £1,000,000 BPCE 2.125% 16/12/2022 1,037 0.08 £2,550,000 BASF 1.75% 11/3/2025 2,675 0.22 £4,500,000 BPCE 5.25% 16/4/2029 5,662 0.46 £2,650,000 BAT Capital 2.125% 15/8/2025 2,736 0.22 £1,192,000 British Land 2.375% 14/9/2029 1,202 0.10 £2,975,000 BAT International Finance 2.25% 2,977 0.24 £3,500,000 British Telecommunications 4,593 0.37 26/6/2028 5.75% 7/12/2028 £3,305,000 BAT International Finance 4% 3,709 0.30 £1,650,000 Brown-Forman 2.6% 7/7/2028 1,822 0.15 4/9/2026 £1,525,000 Bunzl Finance 2.25% 11/6/2025 1,596 0.13 £900,000 BAT International Finance 6% 983 0.08 £2,400,000 BUPA Finance 1.75% 14/6/2027 2,417 0.20 29/6/2022 £1,125,000 BUPA Finance 2% 5/4/2024 1,165 0.09 £2,400,000 BAT International Finance 7.25% 2,903 0.24 £2,100,000 BUPA Finance 5% 25/4/2023 2,259 0.18 12/3/2024 £2,545,000 BUPA Finance 5% 8/12/2026 2,879 0.23 £1,500,000 Bazalgette Finance 2.375% 1,614 0.13 £4,950,000 Cadent Finance 2.125% 5,228 0.43 29/11/2027 22/9/2028 £1,275,000 Becton Dickinson and 3.02% 1,364 0.11 £2,000,000 Canadian Imperial Bank of 2,058 0.17 24/5/2025 Commerce 1.625% 25/9/2025Ø £4,325,000 BG Energy Capital 5.125% 5,331 0.43 £3,450,000 Centrica 4.375% 13/3/2029 4,127 0.34 1/12/2025 £750,000 Centrica 6.375% 10/3/2022Ø 811 0.07 £1,850,000 BHP Billiton Finance 3.25% 2,059 0.17 £1,500,000 Cie de Saint-Gobain 4.625% 1,875 0.15 25/9/2024 9/10/2029 £2,494,000 BHP Billiton Finance 6.5% 2,728 0.22 £1,200,000 Cie de Saint-Gobain 5.625% 1,422 0.12 22/10/2077 15/11/2024 £2,700,000 BMW Finance 0.875% 16/8/2022 2,715 0.22 £4,450,000 Citigroup 1.75% 23/10/2026 4,582 0.37 £775,000 BMW Finance 2.375% 1/12/2021 793 0.06 £3,200,000 Citigroup 2.75% 24/1/2024 3,387 0.28 £3,150,000 Citigroup 5.15% 21/5/2026 3,828 0.31

23 BlackRock Collective Investment Funds BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£425,000 Citigroup 5.875% 1/7/2024 493 0.04 £1,100,000 Daimler International Finance 1,101 0.09 £2,500,000 CK Hutchison Telecom Finance 2,563 0.21 1.25% 5/9/2022 2% 17/10/2027 £1,575,000 Daimler International Finance 1,586 0.13 £1,425,000 Clarion Funding 2.625% 1,560 0.13 1.5% 13/1/2022 18/1/2029Ø £1,100,000 Daimler International Finance 1,110 0.09 £875,000 Close Brothers 2.75% 26/4/2023 909 0.07 1.625% 11/11/2024 £1,000,000 Close Brothers 4.25% 24/1/2027 1,023 0.08 £2,000,000 Daimler International Finance 2,048 0.17 £1,725,000 Close Brothers Finance 2.75% 1,838 0.15 2% 4/9/2023 19/10/2026Ø £1,350,000 Daimler International Finance 1,375 0.11 £1,000,000 CNP Assurances 7.375% 1,065 0.09 2.125% 7/6/2022 30/9/2041 £1,500,000 Daimler International Finance 1,528 0.12 £3,825,000 Comcast 1.5% 20/2/2029 3,907 0.32 2.375% 16/12/2021 £3,500,000 Comcast 5.5% 23/11/2029 4,791 0.39 £4,700,000 Danske Bank 2.25% 14/1/2028 4,786 0.39 £1,400,000 Commerzbank 1.75% 22/1/2025 1,384 0.11 £2,100,000 Deutsche Bahn Finance 1.375% 2,179 0.18 7/7/2025Ø £1,225,000 Compass 2% 5/9/2025 1,279 0.10 £1,650,000 Deutsche Bahn Finance 1.875% £1,000,000 Compass 2% 3/7/2029 1,052 0.09 1,758 0.14 13/2/2026Ø £2,300,000 Compass 3.85% 26/6/2026 2,654 0.22 £1,066,000 Deutsche Bahn Finance 2.75% 1,110 0.09 £1,300,000 Cooperatieve Rabobank UA 1,327 0.11 20/6/2022 1.25% 14/1/2025 £2,400,000 Deutsche Bahn Finance 3.125% 2,739 0.22 £3,225,000 Cooperatieve Rabobank UA 3,321 0.27 24/7/2026 2.25% 23/3/2022Ø £1,000,000 Deutsche Bank 1.75% 1,002 0.08 £1,800,000 Cooperatieve Rabobank UA 4% 1,930 0.16 16/12/2021 19/9/2022 £3,700,000 Deutsche Bank 2.625% 3,776 0.31 £1,000,000 Cooperatieve Rabobank UA 1,300 0.11 16/12/2024 4.55% 30/8/2029 £1,900,000 Deutsche Bank 3.875% 2,015 0.16 £6,200,000 Cooperatieve Rabobank UA 7,634 0.62 12/2/2024 4.625% 23/5/2029 £1,000,000 Deutsche Pfandbriefbank 1.75% 1,004 0.08 £1,250,000 Cooperatieve Rabobank UA 1,377 0.11 21/11/2022 4.875% 10/1/2023 £1,400,000 Deutsche Telekom International 1,428 0.12 £3,250,000 Cooperatieve Rabobank UA 4,059 0.33 Finance 1.25% 6/10/2023 5.25% 14/9/2027Ø £1,600,000 Deutsche Telekom International 1,706 0.14 £1,550,000 Coventry Building Society 1.5% 1,579 0.13 Finance 2.25% 13/4/2029Ø 23/1/2023 £1,775,000 Deutsche Telekom International 1,912 0.16 £1,600,000 Coventry Building Society 1,656 0.14 Finance 2.5% 10/10/2025 1.875% 24/10/2023 £2,420,000 Deutsche Telekom International 2,648 0.22 £1,938,000 Coventry Building Society 2,149 0.18 Finance 6.5% 8/4/2022 5.875% 28/9/2022 £410,000 Deutsche Telekom International 634 0.05 £2,075,000 CPI Property 2.75% 22/1/2028 2,001 0.16 Finance 7.625% 15/6/2030 £800,000 Credit Agricole 1.25% 2/10/2024 820 0.07 £2,850,000 Deutsche Telekom International 4,516 0.37 £1,700,000 Credit Agricole 7.375% 2,022 0.16 Finance 8.875% 27/11/2028 18/12/2023 £3,275,000 Diageo Finance 1.75% 3,467 0.28 £3,550,000 Credit Suisse 2.125% 12/9/2025 3,667 0.30 12/10/2026 £3,625,000 Credit Suisse 2.25% 9/6/2028 3,737 0.30 £950,000 Diageo Finance 2.875% 1,088 0.09 £3,220,000 Credit Suisse Funding Guernsey 3,443 0.28 27/3/2029 2.75% 8/8/2025 £900,000 Digital Stout 2.75% 19/7/2024 963 0.08 £1,775,000 Credit Suisse Funding Guernsey 1,843 0.15 £2,200,000 Digital Stout 3.3% 19/7/2029 2,503 0.20 3% 27/5/2022 £1,450,000 Digital Stout 4.25% 17/1/2025 1,650 0.13 £2,700,000 Crh Finance UK 4.125% 3,250 0.26 £1,000,000 Digital Stout 4.75% 13/10/2023 1,112 0.09 2/12/2029 £1,321,000 Direct Line Insurance 9.25% 1,498 0.12 27/4/2042

BlackRock Collective Investment Funds 24 BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,500,000 Discovery Communications 1,546 0.13 £2,350,000 Friends Life 8.25% 21/4/2022 2,618 0.21 2.5% 20/9/2024 £2,363,000 Gazprom Via Gaz Capital 2,368 0.19 £2,325,000 DNB Bank 1.375% 12/6/2023 2,383 0.19 5.338% 25/9/2020 £1,125,000 DNB Bank 1.625% 15/12/2023 1,165 0.09 £2,150,000 GE Capital UK Funding 2,280 0.19 £1,600,000 DS Smith 2.875% 26/7/2029Ø 1,628 0.13 Unlimited 4.125% 13/9/2023 £1,250,000 DXC Technology 2.75% 1,262 0.10 £2,010,000 General Electric 5.25% 2,300 0.19 15/1/2025 7/12/2028 £1,650,000 Eastern Power Networks 4.75% 1,724 0.14 £2,050,000 General Motors Financial 2.25% 2,035 0.17 30/9/2021 6/9/2024 £1,200,000 Eastern Power Networks 5.75% 1,409 0.11 £1,300,000 General Motors Financial 2.35% 1,288 0.11 8/3/2024 3/9/2025 £900,000 Eastern Power Networks 8.5% 1,187 0.10 £4,450,000 GlaxoSmithKline Capital 1.25% 4,505 0.37 31/3/2025 12/10/2028 £2,000,000 EDP Finance 8.625% 4/1/2024 2,474 0.20 £3,200,000 GlaxoSmithKline Capital 3.375% 3,772 0.31 £2,950,000 Electricite de France 6.25% 3,938 0.32 20/12/2027 30/5/2028 £2,725,000 Glencore Finance Europe 2,859 0.23 £1,350,000 Electricite de France 6.875% 1,541 0.13 3.125% 26/3/2026 12/12/2022 £2,500,000 Glencore Finance Europe 6% 2,677 0.22 £2,900,000 Electricity North West 8.875% 4,089 0.33 3/4/2022 25/3/2026 £1,300,000 Global Switch 4.375% 1,396 0.11 £2,250,000 Enel 6.625% 15/9/2076 2,354 0.19 13/12/2022 £3,500,000 Enel Finance International 4,169 0.34 £750,000 Go-Ahead 2.5% 6/7/2024 728 0.06 5.625% 14/8/2024 £6,500,000 Goldman Sachs 3.125% 7,295 0.59 Ø £3,000,000 Engie 7% 30/10/2028Ø 4,380 0.36 25/7/2029 £325,000 ENW Finance 6.125% 21/7/2021 341 0.03 £4,100,000 Goldman Sachs 4.25% 4,726 0.39 29/1/2026 £1,500,000 Equinor 6.125% 27/11/2028 2,078 0.17 £1,975,000 Goldman Sachs 5.5% 2,077 0.17 £1,525,000 Euroclear Bank 1.25% 1,575 0.13 12/10/2021 30/9/2024 £1,600,000 Goldman Sachs 7.125% 2,059 0.17 £1,475,000 Experian Finance 2.125% 1,558 0.13 7/8/2025 27/9/2024 £2,900,000 Goldman Sachs 7.25% 4,094 0.33 £1,800,000 Experian Finance 3.5% 1,844 0.15 10/4/2028 15/10/2021 £2,082,000 Grainger 3% 3/7/2030 2,134 0.17 £1,400,000 FCA Bank SpA/Ireland 1.625% 1,395 0.11 29/9/2021 £1,900,000 Grainger 3.375% 24/4/2028 2,017 0.16 £1,050,000 Fidelity International 7.125% 1,242 0.10 £2,025,000 Hammerson 3.5% 27/10/2025 1,852 0.15 13/2/2024 £1,550,000 Hammerson 6% 23/2/2026 1,561 0.13 £700,000 Fidelity National Information 710 0.06 £1,200,000 Hammerson 7.25% 21/4/2028 1,255 0.10 Services 1.7% 30/6/2022 £600,000 Hastings Finance 3% 24/5/2025 645 0.05 £2,000,000 Fidelity National Information 2,104 0.17 £1,625,000 Henkel & 0.875% 13/9/2022 1,636 0.13 Services 2.25% 3/12/2029 £1,400,000 Henkel & 1% 30/9/2022 1,415 0.12 £2,325,000 Fidelity National Information 2,506 0.20 £2,100,000 Henkel & 1.25% 30/9/2026Ø 2,161 0.18 Services 2.602% 21/5/2025 £1,275,000 Hiscox 2% 14/12/2022 1,283 0.10 £2,000,000 First Abu Dhabi Bank 1.375% 2,021 0.16 £1,550,000 Hiscox 6.125% 24/11/2045Ø 1,711 0.14 19/2/2023 £700,000 HJ Heinz Finance UK 6.25% 854 0.07 £1,200,000 Firstgroup 5.25% 29/11/2022 1,212 0.10 18/2/2030 £725,000 Firstgroup 6.875% 18/9/2024 780 0.06 £4,075,000 HSBC 2.175% 27/6/2023 4,143 0.34 £1,800,000 Firstgroup 8.75% 8/4/2021 1,843 0.15 £5,675,000 HSBC 2.256% 13/11/2026 5,861 0.48 £2,111,000 Fiserv 2.25% 1/7/2025 2,242 0.18 £5,650,000 HSBC 2.625% 16/8/2028 6,024 0.49 £950,000 Fonterra Co-operative 9.375% 1,191 0.10 £6,675,000 HSBC 3% 22/7/2028 7,189 0.59 4/12/2023 £4,230,000 HSBC 3% 29/5/2030 4,556 0.37

25 BlackRock Collective Investment Funds BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£3,600,000 HSBC 5.75% 20/12/2027 4,412 0.36 £2,300,000 Kennedy Wilson Europe Real 2,246 0.18 £2,850,000 HSBC 6.5% 20/5/2024 3,381 0.28 Estate 3.95% 30/6/2022 £4,100,000 HSBC 6.75% 11/9/2028 5,356 0.44 £2,300,000 Koninklijke KPN 5% 18/11/2026 2,706 0.22 £1,750,000 HSBC Bank 5.375% 4/11/2030 2,054 0.17 £4,900,000 Koninklijke KPN 5.75% 6,176 0.50 £1,400,000 HSBC Bank 6.5% 7/7/2023 1,594 0.13 17/9/2029 £1,900,000 Hutchison Whampoa Finance 2,409 0.20 £2,100,000 Landesbank Baden- 2,150 0.18 UK 5.625% 24/11/2026 Wuerttemberg 1.5% 3/2/2025 £1,000,000 Iberdrola Finanzas 6% 1,097 0.09 £825,000 Leeds Building Society 3.75% 853 0.07 1/7/2022Ø 25/4/2029 £2,100,000 Iberdrola Finanzas 7.375% 2,562 0.21 £3,275,000 Legal & General 3.75% 3,399 0.28 29/1/2024 26/11/2049 £3,292,000 Imperial Brands Finance 5.5% 3,964 0.32 £2,607,000 Legal & General 5.125% 2,983 0.24 28/9/2026 14/11/2048 £1,950,000 Imperial Brands Finance 8.125% 2,388 0.19 £3,450,000 Legal & General 5.375% 3,954 0.32 15/3/2024 27/10/2045 £4,150,000 Imperial Brands Finance 9% 4,637 0.38 £1,050,000 Lendlease Europe Finance 1,091 0.09 17/2/2022 6.125% 12/10/2021 £2,300,000 Industrial & Commercial Bank of 2,322 0.19 £1,150,000 Liberty Living Finance 2.625% 1,170 0.10 China Ltd/London 1.5% 28/11/2024 31/7/2022 £2,000,000 Liberty Living Finance 3.375% 2,023 0.16 £1,725,000 Informa 3.125% 5/7/2026 1,750 0.14 28/11/2029 £5,900,000 ING Groep 3% 18/2/2026 6,436 0.52 £1,100,000 Linde Finance 5.875% 1,254 0.10 24/4/2023 £2,050,000 innogy Finance 5.5% 6/7/2022 2,230 0.18 £1,500,000 Liverpool Victoria Friendly 1,655 0.13 £2,150,000 innogy Finance 5.625% 2,484 0.20 Society 6.5% 22/5/2043 6/12/2023 £2,200,000 Lloyds Bank 7.5% 15/4/2024 2,715 0.22 £4,300,000 innogy Finance 6.25% 3/6/2030 6,050 0.49 £4,900,000 Lloyds Bank 7.625% 22/4/2025 6,249 0.51 £2,100,000 InterContinental Hotels 2.125% 1,975 0.16 24/8/2026 £1,200,000 Lloyds Bank 9.625% 6/4/2023 1,443 0.12 £1,925,000 InterContinental Hotels 3.75% 1,975 0.16 £3,400,000 Lloyds Bank 13% Perpetual 5,831 0.48 Ø 14/8/2025 21/7/2169 £1,550,000 InterContinental Hotels 3.875% 1,581 0.13 £575,000 Lloyds Bank Corporate Markets 584 0.05 28/11/2022 1.5% 23/6/2023 £506,000 Intermediate Capital 5% 527 0.04 £1,725,000 Lloyds Bank Corporate Markets 1,769 0.14 24/3/2023 1.75% 11/7/2024 £1,400,000 International Business Machines 1,459 0.12 £3,475,000 Lloyds Banking 1.875% 3,537 0.29 2.625% 5/8/2022 15/1/2026 £2,000,000 Intesa Sanpaolo 2.5% 15/1/2030 1,998 0.16 £4,175,000 Lloyds Banking 2.25% 4,352 0.35 £550,000 Intesa Sanpaolo 5.25% 579 0.05 16/10/2024 28/1/2022 £2,350,000 Logicor Financing Sarl 2.75% 2,346 0.19 £1,764,000 Investec 4.5% 5/5/2022 1,837 0.15 15/1/2030 £1,750,000 Investec Bank 4.25% 24/7/2028 1,746 0.14 £1,600,000 London & Quadrant Housing 1,673 0.14 Trust 2.25% 20/7/2029 £1,400,000 Investec Bank 9.625% 1,531 0.12 17/2/2022 £1,625,000 London & Quadrant Housing 1,724 0.14 Trust 2.625% 5/5/2026 £1,850,000 Johnson & Johnson 5.5% 2,238 0.18 6/11/2024 £1,675,000 London & Quadrant Housing 1,790 0.15 Trust 2.625% 28/2/2028 £2,350,000 JPMorgan Chase & 3.5% 2,735 0.22 18/12/2026Ø £1,325,000 London Power Networks 2.625% 1,456 0.12 1/3/2029 £1,050,000 Just 3.5% 7/2/2025 961 0.08 £1,200,000 London Power Networks 5.125% 1,335 0.11 £1,000,000 Just 8.125% 26/10/2029 1,035 0.08 31/3/2023

BlackRock Collective Investment Funds 26 BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,750,000 London Power Networks 6.125% 2,297 0.19 £2,050,000 National Grid Electricity 2,122 0.17 7/6/2027Ø Transmission 1.375% 16/9/2026 £1,475,000 LVMH Moet Hennessy Louis 1,487 0.12 £1,900,000 National Grid Electricity 2,268 0.18 Vuitton 1% 14/6/2022 Transmission 4% 8/6/2027 £2,900,000 LVMH Moet Hennessy Louis 2,929 0.24 £550,000 National Grid Electricity 640 0.05 Vuitton 1% 11/2/2023 Transmission 5.875% 2/2/2024 £4,800,000 LVMH Moet Hennessy Louis 4,830 0.39 £1,150,000 National Westminster Bank 6.5% 1,210 0.10 Vuitton 1.125% 11/2/2027 7/9/2021 £1,375,000 M&G 3.875% 20/7/2049 1,444 0.12 £2,375,000 Nationwide Building Society 1% 2,396 0.20 £1,515,000 Manchester Airport Funding 1,620 0.13 24/1/2023 4.125% 2/4/2024Ø £100,000 Nationwide Building Society 103 0.01 £2,000,000 MassMutual Global Funding II 2,071 0.17 2.25% 29/4/2022 1.375% 15/12/2026 £2,250,000 Nationwide Building Society 3% 2,520 0.21 £2,600,000 McKesson 3.125% 17/2/2029 2,781 0.23 6/5/2026 £1,900,000 MetLife 5.375% 9/12/2024 2,240 0.18 £2,450,000 Nationwide Building Society 2,849 0.23 £1,650,000 Metropolitan Life Global Funding 1,664 0.14 3.25% 20/1/2028 I 1.125% 15/12/2021 £4,650,000 Natwest 2.875% 19/9/2026 4,940 0.40 £1,245,000 Metropolitan Life Global Funding 1,266 0.10 £2,650,000 Natwest 3.125% 28/3/2027 2,853 0.23 I 1.625% 9/6/2022 £3,975,000 Natwest 3.622% 14/8/2030 4,199 0.34 £2,750,000 Metropolitan Life Global Funding 2,847 0.23 £700,000 Nestle Finance International 745 0.06 I 1.625% 21/9/2029 2.25% 30/11/2023 £2,100,000 Metropolitan Life Global Funding 2,189 0.18 £525,000 New York Life Global Funding 529 0.04 I 2.625% 5/12/2022 1% 15/12/2021 £950,000 Metropolitan Life Global Funding 998 0.08 £2,675,000 New York Life Global Funding 2,755 0.22 I 2.875% 11/1/2023 1.25% 17/12/2026 £3,100,000 Metropolitan Life Global Funding 3,570 0.29 £2,725,000 New York Life Global Funding 2,817 0.23 I 3.5% 30/9/2026 1.625% 15/12/2023 £5,900,000 Morgan Stanley 2.625% 6,413 0.52 £2,950,000 New York Life Global Funding 3,034 0.25 9/3/2027 1.75% 15/12/2022 £2,075,000 Motability Operations 1.75% 2,186 0.18 £2,025,000 NewRiver REIT 3.5% 7/3/2028 1,779 0.15 3/7/2029 £1,275,000 Next 3% 26/8/2025 1,303 0.11 £2,000,000 Motability Operations 3.75% 2,327 0.19 £1,500,000 Next 3.625% 18/5/2028 1,531 0.12 16/7/2026 £1,650,000 Next 4.375% 2/10/2026 1,790 0.15 £1,750,000 Motability Operations 4.375% 2,122 0.17 £1,125,000 Next 5.375% 26/10/2021 1,168 0.10 8/2/2027 £3,425,000 NGG Finance 5.625% 18/6/2073 3,942 0.32 £1,200,000 Motability Operations 5.375% 1,302 0.11 £1,000,000 NIBC Bank 3.125% 15/11/2023 1,034 0.08 28/6/2022 £1,900,000 NIE Finance 2.5% 27/10/2025 2,042 0.17 £1,900,000 Muenchener 2,076 0.17 £2,050,000 NIE Finance 6.375% 2/6/2026 2,657 0.22 Rueckversicherungs- Gesellschaft in Muenchen £2,005,000 Nordea Bank 2.375% 2/6/2022 2,074 0.17 6.625% 26/5/2042 £1,550,000 Northern Gas Networks Finance 1,912 0.16 £1,000,000 National Australia Bank 1.375% 1,015 0.08 4.875% 30/6/2027 27/6/2022 £1,000,000 Northern Powergrid 7.25% 1,148 0.09 £2,900,000 National Australia Bank 5.125% 3,074 0.25 15/12/2022 9/12/2021 £850,000 Northern Powergrid Yorkshire 902 0.07 £1,500,000 National Express 2.375% 1,450 0.12 2.5% 1/4/2025 20/11/2028 £1,900,000 Northumbrian Water Finance 1,964 0.16 £1,425,000 National Express 2.5% 1,441 0.12 1.625% 11/10/2026 11/11/2023 £1,575,000 Northumbrian Water Finance 1,699 0.14 £1,570,000 National Grid Electricity 1,580 0.13 2.375% 5/10/2027 Transmission 1.125% 7/7/2028

27 BlackRock Collective Investment Funds BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,450,000 Northumbrian Water Finance 1,662 0.14 £1,650,000 RL Finance Bonds No. 2 6.125% 1,841 0.15 6.875% 6/2/2023 30/11/2043 £1,425,000 Notting Hill Genesis 2.875% 1,539 0.13 £4,000,000 Rothesay Life 3.375% 12/7/2026 4,132 0.34 31/1/2029 £1,500,000 Rothesay Life 5.5% 17/9/2029 1,639 0.13 £1,375,000 OP Corporate Bank 2.5% 1,425 0.12 £600,000 Rothesay Life 8% 30/10/2025 734 0.06 20/5/2022 £2,150,000 Royal Bank of Canada 1.125% 2,170 0.18 £1,550,000 Orange 5.25% 5/12/2025 1,893 0.15 15/12/2025 £2,550,000 Orange 5.75% Perpetual 2,792 0.23 £1,350,000 Royal Bank of Canada 1.375% 1,389 0.11 1/4/2169 9/12/2024 £2,200,000 Orange 5.875% Perpetual 2,335 0.19 £950,000 RSA Insurance 1.625% 971 0.08 7/2/2169 28/8/2024 £2,950,000 Orange 8.125% 20/11/2028 4,503 0.37 £2,200,000 RSA Insurance 5.125% 2,490 0.20 £2,375,000 Orsted 2.125% 17/5/2027 2,551 0.21 10/10/2045Ø £1,200,000 Pacific National Finance Pty 5% 1,307 0.11 £2,800,000 Santander UK 2.92% 8/5/2026 2,964 0.24 19/9/2023 £1,925,000 Santander UK 3.625% 2,120 0.17 £1,950,000 Pearson Funding 3.75% 2,089 0.17 14/1/2026 4/6/2030 £2,450,000 Santander UK 3.875% 2,950 0.24 £1,525,000 Pension Insurance 6.5% 1,793 0.15 15/10/2029 3/7/2024 £1,150,000 Santander UK 7.037% Perpetual 1,300 0.11 £1,400,000 Pension Insurance 8% 1,826 0.15 14/2/2169 23/11/2026 £950,000 Scania 1.875% 28/6/2022 954 0.08 £1,750,000 PepsiCo 2.5% 1/11/2022 1,837 0.15 £2,290,000 Scentre Trust 1 3.875% 2,469 0.20 £1,975,000 Phoenix 4.125% 20/7/2022 2,057 0.17 16/7/2026Ø £2,350,000 Phoenix 6.625% 18/12/2025 2,785 0.23 £1,700,000 Scentre Trust 1 / Scentre Trust 1,713 0.14 £1,600,000 Places for People Homes 1,788 0.15 2 2.375% 8/4/2022 3.625% 22/11/2028 £1,750,000 Scotland Gas Networks 3.25% 1,966 0.16 £2,300,000 Places For People Treasury 2,441 0.20 8/3/2027 2.875% 17/8/2026 £1,130,000 Scottish Power UK 6.75% 1,317 0.11 £1,350,000 Principality Building Society 1,387 0.11 29/5/2023 2.375% 23/11/2023 £3,650,000 Scottish Widows 5.5% 16/6/2023 4,008 0.33 £1,450,000 Procter & Gamble 1.375% 1,515 0.12 £2,250,000 Segro 2.375% 11/10/2029Ø 2,432 0.20 Ø 3/5/2025 £850,000 Severn Trent Utilities Finance 855 0.07 £2,900,000 Procter & Gamble 1.8% 3,144 0.26 1.125% 7/9/2021 3/5/2029 £1,350,000 Severn Trent Utilities Finance 1,380 0.11 £500,000 Procter & Gamble 6.25% 722 0.06 1.625% 4/12/2022 31/1/2030 £2,550,000 Severn Trent Utilities Finance 2,911 0.24 £3,000,000 Prologis LP 2.25% 30/6/2029Ø 3,219 0.26 3.625% 16/1/2026 £1,300,000 Prudential 5.875% 11/5/2029 1,710 0.14 £800,000 Severn Trent Utilities Finance 947 0.08 £1,300,000 Prudential 6.875% 20/1/2023 1,483 0.12 6.125% 26/2/2024 £1,461,000 QBE Insurance 6.115% 1,547 0.13 £2,500,000 Severn Trent Utilities Finance 3,547 0.29 24/5/2042 6.25% 7/6/2029 £2,200,000 Quadgas Finance 3.375% 2,312 0.19 £300,000 Siemens 303 0.02 17/9/2029 Financieringsmaatschappij £1,000,000 Quilter 4.478% 28/2/2028 1,011 0.08 0.875% 5/6/2023 £1,200,000 RCI Banque 1.875% 8/11/2022 1,193 0.10 £3,100,000 Siemens 3,171 0.26 Financieringsmaatschappij 1% £3,000,000 Rio Tinto Finance 4% 3,744 0.31 20/2/2025 11/12/2029 £2,400,000 Siemens 2,668 0.22 £2,100,000 Rl Finance Bonds No 3 6.125% 2,564 0.21 Financieringsmaatschappij 13/11/2028 2.75% 10/9/2025

BlackRock Collective Investment Funds 28 BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£2,325,000 Skandinaviska Enskilda Banken 2,356 0.19 £1,400,000 Tesco Personal Finance 3.5% 1,464 0.12 1.25% 5/8/2022 25/7/2025 £1,400,000 Sky 4% 26/11/2029 1,736 0.14 £950,000 Total Capital International 1.25% 982 0.08 £2,200,000 Sky 6% 21/5/2027 2,918 0.24 16/12/2024 £1,400,000 Societe Generale 1.875% 1,428 0.12 £2,900,000 Total Capital International 1.66% 3,055 0.25 3/10/2024 22/7/2026 £1,800,000 Society of Lloyd’s 4.75% 1,930 0.16 £1,525,000 Total Capital International 1.75% 1,607 0.13 30/10/2024 7/7/2025 £1,650,000 Society of Lloyd’s 4.875% 1,766 0.14 £1,550,000 Total Capital International 2.25% 1,597 0.13 7/2/2047Ø 9/6/2022 £1,650,000 Sodexo 1.75% 26/6/2028 1,667 0.14 £900,000 Toyota Finance Australia 1.625% 916 0.07 £1,500,000 South Eastern Power Networks 1,855 0.15 11/7/2022 5.5% 5/6/2026 £2,150,000 Toyota Motor Credit 1% 2,167 0.18 £3,150,000 Southern Gas Networks 2.5% 3,376 0.28 27/9/2022 3/2/2025 £1,400,000 Toyota Motor Finance 1,427 0.12 £700,000 Southern Gas Networks 4.875% 787 0.06 Netherlands 1.375% 23/5/2023 Ø 5/10/2023 £1,675,000 TP ICAP 5.25% 26/1/2024 1,813 0.15 Ø £1,500,000 Southern Gas Networks 4.875% 1,937 0.16 £1,700,000 TP ICAP 5.25% 29/5/2026 1,891 0.15 21/3/2029 £2,375,000 Transport for London 2.125% 2,526 0.21 £1,450,000 SP Distribution 5.875% 1,834 0.15 24/4/2025 17/7/2026 £2,300,000 Transport for London 2.25% 2,370 0.19 £1,850,000 SP Manweb 4.875% 20/9/2027 2,299 0.19 9/8/2022 £1,525,000 SSE 3.625% 16/9/2077 1,559 0.13 £1,300,000 Tritax Big Box REIT 2.625% 1,395 0.11 £2,775,000 SSE 3.74% Perpetual 14/4/2169 2,886 0.24 14/12/2026 Ø £750,000 SSE 4.25% 14/9/2021 778 0.06 £1,050,000 Unilever 1.125% 3/2/2022 1,063 0.09 £1,500,000 SSE 5.875% 22/9/2022 1,661 0.14 £700,000 Unilever 1.375% 15/9/2024 730 0.06 £2,600,000 SSE 8.375% 20/11/2028 3,976 0.32 £3,325,000 Unilever 1.5% 22/7/2026 3,517 0.29 Ø £2,300,000 Stagecoach 4% 29/9/2025 2,299 0.19 £1,700,000 Unilever 1.875% 15/9/2029 1,858 0.15 £1,075,000 Svenska Handelsbanken 1,098 0.09 £1,525,000 UNITE 3.5% 15/10/2028 1,581 0.13 1.625% 18/6/2022 £1,250,000 United Utilities Water 5.625% 1,659 0.14 £1,400,000 Svenska Handelsbanken 1,453 0.12 20/12/2027 1.625% 15/12/2023 £1,575,000 United Utilities Water 5.75% 1,704 0.14 £2,200,000 Svenska Handelsbanken 2,259 0.18 25/3/2022 2.375% 18/1/2022 £2,200,000 United Utilities Water Finance 2,327 0.19 £1,050,000 Svenska Handelsbanken 2.75% 1,105 0.09 2% 14/2/2025 5/12/2022 £1,682,000 Verizon Communications 1,901 0.15 £2,000,000 Swedbank 1.25% 29/12/2021 2,022 0.16 4.073% 18/6/2024 £1,650,000 Swedbank 1.625% 28/12/2022 1,695 0.14 £1,800,000 Vicinity Centres Trust 3.375% 1,885 0.15 £2,700,000 Telefonica Emisiones 5.289% 2,972 0.24 7/4/2026 9/12/2022 £2,400,000 Vinci 2.25% 15/3/2027 2,558 0.21 £2,900,000 Telefonica Emisiones 5.375% 3,523 0.29 £950,000 Virgin Money UK 3.125% 947 0.08 2/2/2026 22/6/2025 £2,400,000 Telefonica Emisiones 5.445% 3,156 0.26 £2,150,000 Virgin Money UK 3.375% 2,153 0.18 8/10/2029 24/4/2026 £1,674,000 Tesco 6.125% 24/2/2022 1,797 0.15 £2,450,000 Virgin Money UK 4% 25/9/2026 2,524 0.21 £1,500,000 Tesco Corporate Treasury 1,587 0.13 £2,100,000 Virgin Money UK 4% 3/9/2027 2,155 0.18 Services 2.5% 2/5/2025 £1,600,000 Vodafone 5.625% 4/12/2025 1,988 0.16 £2,650,000 Tesco Corporate Treasury 2,803 0.23 £400,000 Volkswagen Financial Services 403 0.03 Services 2.75% 27/4/2030 1.625% 9/6/2022

29 BlackRock Collective Investment Funds BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,000,000 Volkswagen Financial Services 1,010 0.08 £2,250,000 Western Power Distribution 2,905 0.24 1.625% 30/11/2022 South West 5.875% 25/3/2027 £1,500,000 Volkswagen Financial Services 1,516 0.12 £2,300,000 Western Power Distribution West 2,567 0.21 1.625% 10/2/2024 Midlands 3.875% 17/10/2024 £1,250,000 Volkswagen Financial Services 1,266 0.10 £400,000 Western Power Distribution West 492 0.04 1.75% 12/9/2022Ø Midlands 6% 9/5/2025 £1,400,000 Volkswagen Financial Services 1,411 0.12 £1,400,000 Westfield America Management 1,390 0.11 1.875% 7/9/2021 2.125% 30/3/2025 £1,000,000 Volkswagen Financial Services 1,016 0.08 £2,600,000 Westfield America Management 2,574 0.21 1.875% 3/12/2024 2.625% 30/3/2029 £1,600,000 Volkswagen Financial Services 1,643 0.13 £1,500,000 Westpac Banking 2.125% 1,593 0.13 2.125% 27/6/2024 2/5/2025Ø £2,500,000 Volkswagen Financial Services 2,583 0.21 £1,050,000 Westpac Banking 2.625% 1,096 0.09 2.25% 12/4/2025 14/12/2022 £1,500,000 Volkswagen Financial Services 1,566 0.13 £2,650,000 Whitbread 3.375% 16/10/2025 2,654 0.22 2.75% 10/7/2023 £1,740,000 Wm Morrison Supermarkets 1,962 0.16 £1,800,000 Volkswagen Financial Services 2,031 0.17 3.5% 27/7/2026 4.25% 9/10/2025 £1,250,000 Wm Morrison Supermarkets 1,402 0.11 £2,500,000 Volkswagen International 2,741 0.22 4.625% 8/12/2023 Finance 3.375% 16/11/2026 £1,000,000 Wm Morrison Supermarkets 1,245 0.10 £975,000 Wales & West Utilities Finance 1,099 0.09 4.75% 4/7/2029 4.625% 13/12/2023 £1,250,000 Yorkshire Building Society 3% 1,323 0.11 £850,000 Wales & West Utilities Finance 1,082 0.09 18/4/2025 5% 7/3/2028 £1,825,000 Yorkshire Building Society 1,908 0.16 £1,800,000 Wales & West Utilities Finance 2,512 0.20 3.375% 13/9/2028 5.75% 29/3/2030 £2,200,000 Yorkshire Building Society 3.5% 2,467 0.20 £1,500,000 Walgreens Boots Alliance 3.6% 1,590 0.13 21/4/2026 20/11/2025 £1,250,000 Yorkshire Power Finance 7.25% 1,771 0.14 £2,800,000 Wells Fargo 1.375% 30/6/2022 2,827 0.23 4/8/2028 £4,300,000 Wells Fargo & 2% 28/7/2025 4,479 0.37 £1,970,000 Zurich Finance UK 6.625% 2,181 0.18 £3,250,000 Wells Fargo & 2.125% 22/4/2022 3,321 0.27 Perpetual 2/10/2168 £1,575,000 Wells Fargo & 2.125% 1,634 0.13 1,197,164 97.62 20/12/2023 £3,225,000 Wells Fargo & 2.5% 2/5/2029 3,438 0.28 UK Sterling Denominated Government £3,300,000 Wells Fargo & 3.5% 12/9/2029 3,785 0.31 Bonds − 0.41%; 29.2.2020 0.00% £2,700,000 Wells Fargo Bank NA 5.25% 3,033 0.25 £1,000,000 Development Bank of Japan 1,015 0.08 1/8/2023 1.125% 28/4/2023 £2,900,000 Welltower 4.8% 20/11/2028 3,352 0.27 £3,150,000 Societe Nationale SNCF 5.375% 4,021 0.33 £1,750,000 Wessex Water Services Finance 1,769 0.14 18/3/2027 1.5% 17/9/2029 5,036 0.41 £1,000,000 Wessex Water Services Finance 1,036 0.08 COLLECTIVE INVESTMENT 4% 24/9/2021 SCHEMES − 0.20%; 29.2.2020 0.17% £850,000 Wessex Water Services Finance 1,098 0.09 5.375% 10/3/2028 Short-term Money Market Funds − 0.20%; 29.2.2020 0.17% £2,725,000 Western Power Distribution 3.5% 2,998 0.24 23,905 BlackRock ICS Sterling Liquid 2,391 0.20 16/10/2026 Environmentally Aware Fund - † £1,800,000 Western Power Distribution 1,913 0.16 Agency Income Class 3.625% 6/11/2023 £2,600,000 Western Power Distribution East 2,886 0.24 Midlands 5.25% 17/1/2023

BlackRock Collective Investment Funds 30 BlackRock Corporate Bond 1-10 Year Fund

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − 0.00%; 29.2.2020 0.00%

Futures − 0.00%; 29.2.2020 0.00%

Portfolio of investments 1,204,591 98.23 Net other assets 21,767 1.77

Total net assets 1,226,358 100.00

Unless otherwise stated, all securities are either listed on a recognised exchange or traded on an eligible securities market. Ø All or a portion of this investment represents a security on loan. † Managed by a related party.

31 BlackRock Collective Investment Funds BlackRock Corporate Bond 1-10 Year Fund

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 6,041 50,392 Revenue 15,653 16,947 Expenses (443) (459) Net revenue before taxation 15,210 16,488 Taxation – – Net revenue after taxation 15,210 16,488 Total return before distributions 21,251 66,880 Distributions (15,210) (16,488) Change in net assets attributable to unitholders from investment activities 6,041 50,392

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 1,211,364 1,188,243 Amounts receivable on issue of units 160,991 78,014 Amounts payable on cancellation of units (167,041) (85,123) (6,050) (7,109) Change in net assets attributable to unitholders from investment activities 6,041 50,392 Retained distribution on accumulation units 15,003 16,309 Closing net assets attributable to unitholders 1,226,358 1,247,835 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

BlackRock Collective Investment Funds 32 BlackRock Corporate Bond 1-10 Year Fund

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 1,204,591 1,195,960 Current assets − Debtors 24,480 40,372 − Cash and bank balances 658 580 − Cash collateral posted – 91 Total assets 1,229,729 1,237,003

Liabilities: Investment liabilities – (50) Creditors − Other creditors (3,371) (25,589) Total liabilities (3,371) (25,639) Net assets attributable to unitholders 1,226,358 1,211,364

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

33 BlackRock Collective Investment Funds iShares 100 UK Equity Index Fund (UK)

About the Fund

The Fund is a sub-fund of BlackRock Collective Investment Funds, a UCITS scheme under the COLL Sourcebook. The Fund was established on 29 June 2012 and was authorised by the FCA on 25 May 2012. The Fund’s FCA product reference number is 645683.

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Accumulation 123456 7 LIncome 123456 7 L Accumulation 123456 7 X Income 123456 7 XAccumulation123456 7 D Accumulation 123456 7

• The risk indicator was calculated incorporating simulated historical data and may not be a reliable indication of the future risk profile of the Fund. • The risk category shown is not guaranteed and may change over time. • The lowest category does not mean risk free. • The use of derivatives will impact the value of the Fund and may expose the Fund to a higher degree of risk. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

BlackRock Collective Investment Funds 34 iShares 100 UK Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 614,815 865 140.7 L Income 804,460 662 82.34 L Accumulation 58,420,893 83,589 143.1 X Income 2,568,642 2,768 107.8 X Accumulation 494,735,138 719,247 145.4 D Accumulation 316,571,964 461,610 145.8

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 2.4471 L Income 2.0846 L Accumulation 2.6987 X Income 2.1760 X Accumulation 2.8794 D Accumulation 2.8522

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.51% 0.51% L Income 0.21% 0.21% L Accumulation 0.21% 0.21% X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Accumulation 0.07% 0.07% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

35 BlackRock Collective Investment Funds iShares 100 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

EQUITIES − 96.82%; 29.2.2020 97.62% NETHERLANDS − 6.10%; 29.2.2020 8.30%

AUSTRALIA − 2.29%; 29.2.2020 1.75% Food Producers − 0.64%; 29.2.2020 0.44% 96,729 Just Eat Takeaway.com 8,137 0.64 Mining − 2.29%; 29.2.2020 1.75% 1,697,563 BHP 29,069 2.29 Oil & Gas Producers − 5.46%; 29.2.2020 7.86% 3,352,042 Royal Dutch Shell 37,100 2.92 CHILE − 0.25%; 29.2.2020 0.16% 3,031,200 Royal Dutch Shell 32,222 2.54 Mining − 0.25%; 29.2.2020 0.16% 69,322 5.46 289,835 Antofagasta 3,110 0.25 RUSSIA − 0.00%; 29.2.2020 0.11% CYPRUS − 0.44%; 29.2.2020 0.22% Iron & Steel − 0.00%; 29.2.2020 0.11% Mining − 0.44%; 29.2.2020 0.22% 275,450 Polymetal International 5,583 0.44 SWITZERLAND − 1.43%; 29.2.2020 1.53%

CZECH REPUBLIC − 0.19%; 29.2.2020 0.00% Beverages − 0.25%; 29.2.2020 0.29% 159,406 Coca-Cola HBC 3,179 0.25 Computers − 0.19%; 29.2.2020 0.00% 450,446 Avast 2,412 0.19 Mining − 1.18%; 29.2.2020 1.24% 8,824,028 Glencore 14,928 1.18 GERMANY − 0.00%; 29.2.2020 0.16% UNITED ARAB EMIRATES − 0.00%; 29.2.2020 0.06% Leisure Time − 0.00%; 29.2.2020 0.16% Healthcare Services − 0.00%; 29.2.2020 0.06% IRELAND − 4.84%; 29.2.2020 3.70% UNITED KINGDOM − 80.58%; 29.2.2020 81.26% Building Materials − 1.43%; 29.2.2020 1.24% 643,389 CRH 18,201 1.43 Advertising − 0.49%; 29.2.2020 0.55% 965,422 WPP 6,233 0.49 Commercial Services − 1.63%; 29.2.2020 1.39% 739,710 Experian 20,638 1.63 Aerospace & Defence − 1.35%; 29.2.2020 2.03% 2,634,606 BAE Systems 13,689 1.08 Entertainment − 0.95%; 29.2.2020 0.38% 1,414,386 Rolls-RoyceØ 3,410 0.27 97,423 Flutter Entertainment 12,056 0.95

Forest Products & Paper − 0.41%; 29.2.2020 0.37% 17,099 1.35 194,307 Smurfit Kappa 5,196 0.41 Agriculture − 4.48%; 29.2.2020 5.03% Oil & Gas Producers − 0.42%; 29.2.2020 0.32% 1,865,754 British American Tobacco 47,241 3.72 80,107 DCC 5,308 0.42 768,378 Imperial Brands 9,628 0.76

ISLE OF MAN − 0.30%; 29.2.2020 0.00% 56,869 4.48

Entertainment − 0.30%; 29.2.2020 0.00% Airlines − 0.21%; 29.2.2020 0.58% 475,317 GVC 3,821 0.30 1,220,399 International Consolidated 2,637 0.21 AirlinesØ JORDAN − 0.26%; 29.2.2020 0.15% Apparel − 0.38%; 29.2.2020 0.40% Pharmaceuticals − 0.26%; 29.2.2020 0.15% 330,604 BurberryØ 4,776 0.38 137,675 Hikma Pharmaceuticals 3,263 0.26 Banks − 7.85%; 29.2.2020 11.27% MEXICO − 0.14%; 29.2.2020 0.00% 14,169,175 Barclays 15,833 1.25 Mining − 0.14%; 29.2.2020 0.00% 16,654,354 HSBC 54,976 4.33 145,480 Fresnillo 1,837 0.14 57,660,937 Lloyds Banking 16,347 1.29 3,699,969 Natwest 4,172 0.33 2,112,139 Standard Chartered 8,286 0.65

99,614 7.85

BlackRock Collective Investment Funds 36 iShares 100 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Beverages − 3.71%; 29.2.2020 3.78% Forest Products & Paper − 0.46%; 29.2.2020 0.45% 1,874,949 Diageo 47,052 3.71 398,949 Mondi 5,827 0.46

Chemicals − 0.76%; 29.2.2020 0.62% Gas − 1.90%; 29.2.2020 2.27% 101,150 Croda International 5,966 0.47 2,863,717 National Grid 24,141 1.90 155,921 Johnson Matthey 3,703 0.29 Healthcare Products − 0.86%; 29.2.2020 0.91% 9,669 0.76 712,887 Smith & Nephew 10,847 0.86

Commercial Services − 4.03%; 29.2.2020 3.77% Home Builders − 1.50%; 29.2.2020 1.71% 366,025 Ashtead 9,531 0.75 821,161 Barratt Developments 4,311 0.34 132,162 Intertek 7,763 0.61 95,325 Berkeley 4,346 0.34 1,517,322 RELX 25,832 2.04 258,152 Persimmon 6,764 0.53 1,511,028 Rentokil Initial 8,048 0.63 2,963,927 Taylor Wimpey 3,629 0.29

51,174 4.03 19,050 1.50

Cosmetics & Personal Care − 3.13%; 29.2.2020 2.69% Household Products − 3.05%; 29.2.2020 2.14% 891,012 UnileverØ 39,739 3.13 515,522 Reckitt Benckiser 38,705 3.05

Distribution & Wholesale − 1.58%; 29.2.2020 1.27% Insurance − 4.78%; 29.2.2020 4.79% 273,937 Bunzl 6,635 0.52 167,842 AdmiralØ 4,426 0.35 182,964 Ferguson 13,495 1.06 3,183,618 Aviva 9,000 0.71 4,824,858 Legal & General 10,484 0.83 20,130 1.58 2,142,297 M&G 3,705 0.29 Diversified Financial Services − 3.03%; 29.2.2020 2.58% 441,322 Phoenix 3,054 0.24 293,968 Hargreaves LansdownØ 4,750 0.37 2,138,257 Prudential 26,119 2.06 256,750 London Stock Exchange 22,594 1.78 845,879 RSA Insurance 3,801 0.30 90,594 Schroders 2,625 0.21 60,589 4.78 427,022 St James’s Place 4,181 0.33 1,843,542 Standard Life AberdeenØ 4,371 0.34 Internet − 0.69%; 29.2.2020 0.61% 773,404 Auto Trader 4,354 0.34 38,521 3.03 700,422 Rightmove 4,439 0.35 Electricity − 0.85%; 29.2.2020 0.93% 8,793 0.69 853,496 SSE 10,745 0.85 Investment Companies − 0.31%; 29.2.2020 0.60% Electronics − 0.54%; 29.2.2020 0.44% 3,919,020 Melrose Industries 3,990 0.31 310,034 Halma 6,873 0.54 Iron & Steel − 0.12%; 29.2.2020 0.00% Engineering & Construction − 0.23%; 29.2.2020 0.00% 480,949 Evraz 1,559 0.12 225,375 HomeServe 2,928 0.23 Lodging − 0.85%; 29.2.2020 0.78% Food Producers − 3.01%; 29.2.2020 2.48% 148,292 InterContinental HotelsØ 6,532 0.52 287,031 Associated British Foods 5,870 0.46 164,180 WhitbreadØ 4,150 0.33 1,309,940 J SainsburyØ 2,407 0.19 371,583 OcadoØ 9,275 0.73 10,682 0.85 7,887,269 Tesco 17,242 1.36 Machinery Diversified − 0.49%; 29.2.2020 0.37% 1,812,607 Wm Morrison Supermarkets 3,486 0.27 60,560 Spirax-Sarco EngineeringØ 6,201 0.49 38,280 3.01 Media − 0.82%; 29.2.2020 1.02% Food Services − 1.41%; 29.2.2020 1.60% 1,218,008 Informa 5,034 0.40 1,460,795 Compass 17,829 1.41 3,054,890 ITV 1,855 0.15

37 BlackRock Collective Investment Funds iShares 100 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

615,006 Pearson 3,439 0.27 Retail − 1.07%; 29.2.2020 0.85% 359,454 JD Sports Fashion 2,601 0.21 10,328 0.82 1,730,641 Kingfisher 4,676 0.37 Mining − 4.69%; 29.2.2020 3.69% 103,878 Next 6,272 0.49 1,004,687 Anglo American 18,410 1.45 13,549 1.07 887,387 Rio Tinto 41,126 3.24 Software − 0.73%; 29.2.2020 0.60% 59,536 4.69 51,407 Aveva 2,607 0.21 Miscellaneous Manufacturing − 0.36%; 29.2.2020 0.36% 887,405 Sage 6,572 0.52 322,657 Smiths 4,524 0.36 9,179 0.73 Oil & Gas Producers − 3.38%; 29.2.2020 4.68% Telecommunications − 2.51%; 29.2.2020 2.88% 16,211,193 BP 42,830 3.38 7,114,625 BT 7,445 0.59 Packaging & Containers − 0.21%; 29.2.2020 0.24% 21,876,308 VodafoneØ 24,379 1.92 1,045,823 DS Smith 2,706 0.21 31,824 2.51 Pharmaceuticals − 11.72%; 29.2.2020 9.84% Water − 1.00%; 29.2.2020 0.73% 1,073,126 AstraZeneca 89,477 7.05 342,072 Pennon 3,440 0.27 4,029,177 GlaxoSmithKline 59,309 4.67 193,510 Severn Trent 4,509 0.36 148,786 11.72 564,992 United Utilities 4,696 0.37

Private Equity − 0.83%; 29.2.2020 0.57% 12,645 1.00 782,922 3i 7,344 0.58 UNITED STATES OF AMERICA − 0.00%; 29.2.2020 0.22% 229,955 Intermediate Capital 3,143 0.25 Leisure Time − 0.00%; 29.2.2020 0.22% 10,487 0.83 COLLECTIVE INVESTMENT Real Estate Investment Trusts − 1.21%; 29.2.2020 1.15% SCHEMES − 0.90%; 29.2.2020 0.48% 746,647 British Land 2,730 0.22 Investment Trusts − 0.90%; 29.2.2020 0.48% 580,486 Land 3,356 0.26 1,191,088 Scottish Mortgage Investment 11,446 0.90 974,881 Segro 9,287 0.73 Tr ust 15,373 1.21

BlackRock Collective Investment Funds 38 iShares 100 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − (0.06%); 29.2.2020 (0.22%)

Forward Currency Contracts − 0.00%; 29.2.2020 0.00% £1,309,685 UK sterling vs US dollar 1,277 33 0.00

Futures − (0.06%); 29.2.2020 (0.22%) 474 FTSE 100 Index September 2020 28,257 (853) (0.06)

Portfolio of investments 1,239,005 97.66

CASH EQUIVALENTS

Short-term Money Market Funds − 1.17%; 29.2.2020 0.89%

14,885,995 BlackRock ICS Sterling Liquidity Fund - Agency Income Class† 14,886 1.17

Net other assets 14,850 1.17

Total net assets 1,268,741 100.00

39 BlackRock Collective Investment Funds iShares 100 UK Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital (losses)/gains (128,486) 21,389 Revenue 25,114 39,932 Expenses (283) (325) Net revenue before taxation 24,831 39,607 Taxation (77) (286) Net revenue after taxation 24,754 39,321 Total return before distributions (103,732) 60,710 Distributions (24,677) (39,321) Change in net assets attributable to unitholders from investment activities (128,409) 21,389

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 1,323,949 1,323,187 Amounts receivable on issue of units 126,599 171,274 Amounts payable on cancellation of units (78,264) (96,273) 48,335 75,001 Change in net assets attributable to unitholders from investment activities (128,409) 21,389 Retained distribution on accumulation units 24,866 39,021 Closing net assets attributable to unitholders 1,268,741 1,458,598 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

BlackRock Collective Investment Funds 40 iShares 100 UK Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 1,239,858 1,298,827 Current assets − Debtors 10,796 14,363 − Cash and bank balances 1,584 5,126 − Cash collateral posted 3,112 1,005 − Cash equivalents 14,886 11,840 Total assets 1,270,236 1,331,161

Liabilities: Investment liabilities (853) (3,004) Creditors − Distributions payable (73) (62) − Other creditors (569) (4,146) Total liabilities (1,495) (7,212) Net assets attributable to unitholders 1,268,741 1,323,949

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

41 BlackRock Collective Investment Funds iShares 350 UK Equity Index Fund (UK)

About the Fund

The Fund is a sub-fund of BlackRock Collective Investment Funds, a UCITS scheme under the COLL Sourcebook. The Fund was established on 30 September 2013 and was authorised by the FCA on 6 September 2013. The Fund’s FCA product reference number is 645684.

Risk and Reward Profile

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

BlackRock Collective Investment Funds 42 iShares 350 UK Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 183,193 223 121.8 L Income 917,741,846 884,023 96.33 L Accumulation 100 – 126.0 X Income 2,960,696 2,855 96.43 X Accumulation 100 – 123.9 D Accumulation 4,615,789 5,689 123.3

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 1.9395 L Income 1.7053 L Accumulation 2.4000 X Income 1.8016 X Accumulation 2.3000 D Accumulation 2.1752

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.51% 0.51% L Income 0.21% 0.21% L Accumulation 0.20% 0.20% X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Accumulation 0.16% 0.16% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

43 BlackRock Collective Investment Funds iShares 350 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

EQUITIES − 95.19%; 29.2.2020 96.14% Real Estate Investment Trusts − 0.02%; 29.2.2020 0.02% 300,219 UK Commercial Property REITØ 199 0.02 AUSTRALIA − 1.94%; 29.2.2020 1.48% IRELAND − 4.36%; 29.2.2020 3.39% Mining − 1.94%; 29.2.2020 1.48% 1,012,152 BHP 17,332 1.94 Beverages − 0.04%; 29.2.2020 0.05% 151,715 C&C 324 0.04 AUSTRIA − 0.04%; 29.2.2020 0.04% Building Materials − 1.21%; 29.2.2020 1.05% Hand & Machine Tools − 0.04%; 29.2.2020 0.04% 383,139 CRH 10,839 1.21 13,737 RHI Magnesita 371 0.04 Commercial Services − 1.38%; 29.2.2020 1.17% BERMUDA − 0.14%; 29.2.2020 0.17% 440,255 Experian 12,283 1.38 Insurance − 0.14%; 29.2.2020 0.17% Entertainment − 0.81%; 29.2.2020 0.31% 162,380 HiscoxØ 1,288 0.14 58,082 Flutter EntertainmentØ 7,188 0.81 CHILE − 0.21%; 29.2.2020 0.13% Food Producers − 0.03%; 29.2.2020 0.05% Mining − 0.21%; 29.2.2020 0.13% 216,426 Greencore 272 0.03 172,339 Antofagasta 1,849 0.21 Forest Products & Paper − 0.35%; 29.2.2020 0.31% CYPRUS − 0.37%; 29.2.2020 0.18% 116,314 Smurfit Kappa 3,110 0.35

Mining − 0.37%; 29.2.2020 0.18% Healthcare Services − 0.10%; 29.2.2020 0.09% 165,089 Polymetal International 3,346 0.37 120,693 UDG Healthcare 880 0.10

CZECH REPUBLIC − 0.16%; 29.2.2020 0.00% Oil & Gas Producers − 0.35%; 29.2.2020 0.27% 47,673 DCC 3,159 0.35 Computers − 0.16%; 29.2.2020 0.00% 274,030 Avast 1,467 0.16 Retail − 0.09%; 29.2.2020 0.09% 102,877 Grafton 800 0.09 GEORGIA − 0.04%; 29.2.2020 0.06% ISLE OF MAN − 0.31%; 29.2.2020 0.27% Banks − 0.04%; 29.2.2020 0.06% 20,440 Bank of Georgia 188 0.02 Entertainment − 0.25%; 29.2.2020 0.23% 18,457 TBC Bank 168 0.02 283,289 GVC 2,277 0.25

356 0.04 Software − 0.06%; 29.2.2020 0.04% 157,250 Playtech 580 0.06 GERMANY − 0.12%; 29.2.2020 0.17% ISRAEL − 0.09%; 29.2.2020 0.05% Leisure Time − 0.08%; 29.2.2020 0.13% 211,759 TUIØ 698 0.08 Diversified Financial Services − 0.09%; 29.2.2020 0.05% 56,485 Plus500 824 0.09 Real Estate Investment & Services − 0.04%; 29.2.2020 0.04% 469,293 Sirius Real Estate 349 0.04 JERSEY − 0.18%; 29.2.2020 0.11%

GIBRALTAR − 0.03%; 29.2.2020 0.02% Diversified Financial Services − 0.05%; 29.2.2020 0.04% 62,351 Sanne 433 0.05 Entertainment − 0.03%; 29.2.2020 0.02% 129,347 888 257 0.03 Mining − 0.13%; 29.2.2020 0.07% 552,419 Centamin 1,155 0.13 GUERNSEY − 0.04%; 29.2.2020 0.04% JORDAN − 0.22%; 29.2.2020 0.13% Private Equity − 0.02%; 29.2.2020 0.02% 254,971 BMO Commercial 173 0.02 Pharmaceuticals − 0.22%; 29.2.2020 0.13% Ø Property Trust 81,894 Hikma Pharmaceuticals 1,941 0.22

BlackRock Collective Investment Funds 44 iShares 350 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

MEXICO − 0.13%; 29.2.2020 0.06% UNITED ARAB EMIRATES − 0.09%; 29.2.2020 0.18%

Mining − 0.13%; 29.2.2020 0.06% Diversified Financial Services − 0.09%; 29.2.2020 0.12% 93,729 Fresnillo 1,183 0.13 217,607 Network InternationalØ 815 0.09

NETHERLANDS − 5.18%; 29.2.2020 7.00% Healthcare Services − 0.00%; 29.2.2020 0.06%

Food Producers − 0.54%; 29.2.2020 0.37% UNITED KINGDOM − 79.72%; 29.2.2020 80.61% 57,290 Just Eat Takeaway.com 4,819 0.54 Advertising − 0.49%; 29.2.2020 0.53% Lodging − 0.01%; 29.2.2020 0.02% 196,971 AscentialØ 615 0.07 11,206 PPHE HotelØ 126 0.01 582,066 WPP 3,758 0.42

Oil & Gas Producers − 4.63%; 29.2.2020 6.61% 4,373 0.49 2,001,764 Royal Dutch Shell 22,156 2.48 Aerospace & Defence − 1.37%; 29.2.2020 1.77% 1,808,721 Royal Dutch Shell 19,227 2.15 1,567,272 BAE Systems 8,144 0.91 41,383 4.63 135,048 Chemring 327 0.04 373,953 Meggitt 1,088 0.12 PERU − 0.03%; 29.2.2020 0.02% 830,783 Rolls-RoyceØ 2,003 0.22 Mining − 0.03%; 29.2.2020 0.02% 32,515 Ultra Electronics 757 0.08 103,262 Hochschild Mining 248 0.03 12,319 1.37 RUSSIA − 0.05%; 29.2.2020 0.09% Agriculture − 3.92%; 29.2.2020 4.34% Iron & Steel − 0.00%; 29.2.2020 0.09% 1,112,376 British American Tobacco 28,165 3.15 Mining − 0.05%; 29.2.2020 0.00% 30,549 Genus 1,030 0.12 1,197,554 Petropavlovsk 438 0.05 460,561 Imperial Brands 5,771 0.65

SINGAPORE − 0.04%; 29.2.2020 0.00% 34,966 3.92

Electricity − 0.04%; 29.2.2020 0.00% Airlines − 0.25%; 29.2.2020 0.50% 7,171 XP PowerØ 322 0.04 119,246 easyJet 755 0.08 720,963 International Consolidated Airlines 1,558 0.17 SOUTH AFRICA − 0.10%; 29.2.2020 0.19% 2,313 0.25 Banks − 0.05%; 29.2.2020 0.13% 319,562 InvestecØ 471 0.05 Alternative Energy Sources − 0.08%; 29.2.2020 0.08% 247,903 John LaingØ 707 0.08 Healthcare Services − 0.05%; 29.2.2020 0.06% 184,635 Mediclinic International 480 0.05 Apparel − 0.31%; 29.2.2020 0.34% 193,543 Burberry 2,796 0.31 SWITZERLAND − 1.50%; 29.2.2020 1.54% Automobile Manufacturers − 0.02%; 29.2.2020 0.01% Airlines − 0.15%; 29.2.2020 0.12% 293,177 Aston Martin Lagonda GlobalØ 164 0.02 33,342 Wizz Air 1,296 0.15 Automobile Parts & Equipment − 0.02%; 29.2.2020 0.02% Beverages − 0.21%; 29.2.2020 0.24% 113,224 TI Fluid Systems 178 0.02 94,038 Coca-Cola HBC 1,875 0.21 Banks − 6.77%; 29.2.2020 9.63% Commercial Services − 0.12%; 29.2.2020 0.12% 8,421,766 Barclays 9,410 1.05 368,869 IWGØ 1,039 0.12 9,929,449 HSBC 32,777 3.67 Iron & Steel − 0.03%; 29.2.2020 0.02% 34,289,850 Lloyds Banking 9,721 1.09 146,249 Ferrexpo 270 0.03 2,222,510 Natwest 2,506 0.28 115,330 Paragon Banking 410 0.05 Mining − 0.99%; 29.2.2020 1.04% 1,270,420 Standard Chartered 4,984 0.56 5,251,272 Glencore 8,884 0.99

45 BlackRock Collective Investment Funds iShares 350 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

625,432 Virgin Money UKØ 583 0.07 60,087 SoftcatØ 831 0.09

60,391 6.77 3,202 0.35

Beverages − 3.29%; 29.2.2020 3.36% Cosmetics & Personal Care − 2.68%; 29.2.2020 2.29% 48,114 Barr 204 0.02 94,085 PZ CussonsØ 194 0.02 131,736 Britvic 1,116 0.12 531,994 Unilever 23,727 2.66 1,119,974 Diageo 28,106 3.15 23,921 2.68 29,426 3.29 Distribution & Wholesale − 1.75%; 29.2.2020 1.50% Biotechnology − 0.03%; 29.2.2020 0.00% 164,549 BunzlØ 3,985 0.45 27,849 Oxford BiomedicaØ 235 0.03 53,376 Diploma 1,030 0.12 109,500 Ferguson 8,077 0.90 Building Materials − 0.15%; 29.2.2020 0.17% 194,101 Inchcape 981 0.11 192,966 Ibstock 298 0.03 125,029 Travis Perkins 1,537 0.17 93,113 Marshalls 590 0.07 96,732 PolypipeØ 421 0.05 15,610 1.75

1,309 0.15 Diversified Financial Services − 3.76%; 29.2.2020 3.24% 128,337 AJ BellØ 576 0.06 Chemicals − 0.79%; 29.2.2020 0.68% 227,657 AshmoreØ 959 0.11 60,977 Croda International 3,596 0.40 154,798 Brewin Dolphin 385 0.04 93,328 Johnson Matthey 2,217 0.25 74,103 Close Brothers 831 0.09 144,842 Synthomer 454 0.05 174,110 Hargreaves LansdownØ 2,814 0.32 39,527 Victrex 763 0.09 180,592 IG 1,426 0.16 7,030 0.79 126,470 IntegraFin 679 0.08 202,253 Jupiter Fund Management 424 0.05 Commercial Services − 4.09%; 29.2.2020 4.03% 25,865 Liontrust Asset Management 328 0.04 13,884 4imprint 301 0.03 153,686 London Stock Exchange 13,524 1.51 121,929 Aggreko 582 0.07 750,029 Man 919 0.10 216,402 Ashtead 5,635 0.63 159,781 Ninety One 352 0.04 249,503 Babcock International 679 0.08 177,178 OneSavings Bank 537 0.06 66,572 Calisen 117 0.01 32,717 PayPoint 206 0.02 830,837 CapitaØ 257 0.03 131,318 Provident FinancialØ 323 0.04 149,537 Equiniti 170 0.02 877,248 QuilterØ 1,255 0.14 87,487 Finablr1 10.00 27,503 Rathbone Brothers 464 0.05 751,333 G4S 1,078 0.12 55,137 Schroders 1,598 0.18 752,918 Hays 908 0.10 257,829 St James’s Place 2,524 0.28 78,948 IntertekØ 4,637 0.52 1,126,508 Standard Life Aberdeen 2,671 0.30 154,937 PagegroupØ 597 0.07 270,585 TP ICAP 823 0.09 259,251 QinetiQ 756 0.08 905,493 RELX 15,416 1.73 33,618 3.76 905,517 Rentokil InitialØ 4,823 0.54 Electricity − 0.80%; 29.2.2020 0.85% 62,411 Savills 509 0.06 65,534 ContourGlobal 137 0.02 36,466 4.09 181,501 Drax 508 0.06 508,576 SSE 6,403 0.72 Computers − 0.35%; 29.2.2020 0.47% 36,780 Computacenter 743 0.08 7,048 0.80 43,635 FDM 455 0.05 Electronics − 1.06%; 29.2.2020 0.87% 29,105 KainosØ 325 0.04 212,595 Electrocomponents 1,444 0.16 605,370 Serco 848 0.09

BlackRock Collective Investment Funds 46 iShares 350 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

184,611 Halma 4,093 0.46 Healthcare Products − 0.90%; 29.2.2020 0.91% 27,149 Oxford Instruments 429 0.05 774,075 ConvaTec 1,482 0.17 16,241 Renishaw 777 0.09 427,158 Smith & Nephew 6,499 0.73 422,108 RotorkØ 1,264 0.14 7,981 0.90 57,886 Spectris 1,467 0.16 Home Builders − 1.68%; 29.2.2020 2.05% 9,474 1.06 491,048 Barratt Developments 2,578 0.29 Engineering & Construction − 0.48%; 29.2.2020 0.41% 59,373 Bellway 1,417 0.16 341,053 Balfour Beatty 761 0.09 56,880 Berkeley 2,593 0.29 248,470 Helios Towers 380 0.04 251,664 Countryside Properties 809 0.09 135,171 HomeServe 1,756 0.20 112,453 Crest Nicholson 223 0.02 19,461 Morgan Sindall 244 0.03 155,068 Persimmon 4,063 0.46 404,935 Signature AviationØ 1,068 0.12 109,977 Redrow 501 0.06 1,763,057 Taylor Wimpey 2,159 0.24 4,209 0.48 104,713 Vistry 665 0.07 Entertainment − 0.19%; 29.2.2020 0.16% 15,008 1.68 498,037 CineworldØ 314 0.04 32,718 Gamesys 380 0.04 Home Furnishings − 0.18%; 29.2.2020 0.18% 75,043 Rank 101 0.01 280,202 Howden Joinery 1,575 0.18 510,084 William Hill 883 0.10 Household Products − 2.58%; 29.2.2020 1.80% 1,678 0.19 307,358 Reckitt Benckiser 23,076 2.58

Environmental Control − 0.02%; 29.2.2020 0.00% Insurance − 4.60%; 29.2.2020 4.54% 87,859 Biffa 180 0.02 101,990 Admiral 2,689 0.30 1,910,780 Aviva 5,402 0.60 Food Producers − 3.02%; 29.2.2020 2.60% 290,569 Beazley 1,250 0.14 170,096 Associated British Foods 3,478 0.39 665,195 Direct Line Insurance 1,962 0.22 24,262 Cranswick 905 0.10 150,435 HastingsØ 379 0.04 48,130 Greggs 682 0.08 504,839 Just 257 0.03 33,967 Hilton Food 402 0.04 116,850 Lancashire 897 0.10 793,174 J Sainsbury 1,457 0.16 2,889,495 Legal & General 6,279 0.70 221,575 OcadoØ 5,531 0.62 1,262,802 M&G 2,184 0.24 254,569 SSP 624 0.07 258,519 Phoenix 1,789 0.20 229,464 Tate & Lyle 1,564 0.18 1,274,626 Prudential 15,570 1.74 4,708,653 Tesco 10,293 1.15 508,249 RSA Insurance 2,284 0.26 1,067,202 Wm Morrison Supermarkets 2,052 0.23 117,656 Sabre Insurance 311 0.03 26,988 3.02 41,253 4.60 Food Services − 1.19%; 29.2.2020 1.35% Internet − 0.78%; 29.2.2020 0.70% 870,414 CompassØ 10,623 1.19 458,068 Auto Trader 2,579 0.29 Forest Products & Paper − 0.39%; 29.2.2020 0.38% 255,928 Moneysupermarket.com 779 0.09 235,955 Mondi 3,446 0.39 423,449 Rightmove 2,684 0.30 225,245 TrainlineØ 892 0.10 Gas − 1.77%; 29.2.2020 1.92% Ø 2,860,924 Centrica 1,317 0.15 6,934 0.78 1,712,075 National GridØ 14,433 1.62 Investment Companies − 0.27%; 29.2.2020 0.50% 15,750 1.77 2,354,091 Melrose Industries 2,396 0.27

47 BlackRock Collective Investment Funds iShares 350 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Iron & Steel − 0.10%; 29.2.2020 0.00% Packaging & Containers − 0.22%; 29.2.2020 0.20% 264,261 Evraz 856 0.10 626,862 DS Smith 1,622 0.18 120,005 EssentraØ 368 0.04 Lodging − 0.72%; 29.2.2020 0.65% 88,389 InterContinental HotelsØ 3,894 0.44 1,990 0.22 98,712 Whitbread 2,495 0.28 Pharmaceuticals − 10.11%; 29.2.2020 8.42% 6,389 0.72 639,806 AstraZeneca 53,347 5.98 48,755 Dechra Pharmaceuticals 1,532 0.17 Machinery Construction & Mining − 0.17%; 29.2.2020 0.17% 2,402,225 GlaxoSmithKline 35,361 3.96 122,284 Weir 1,551 0.17 90,240 10.11 Machinery Diversified − 0.41%; 29.2.2020 0.31% 35,656 Spirax-Sarco EngineeringØ 3,651 0.41 Private Equity − 0.74%; 29.2.2020 0.73% 465,963 3i 4,371 0.49 Media − 0.82%; 29.2.2020 0.97% 134,609 Intermediate Capital 1,840 0.21 51,209 Euromoney Institutional Investor 428 0.05 480,535 IP 352 0.04 46,166 FutureØ 684 0.08 725,982 Informa 3,000 0.34 6,563 0.74 1,815,323 ITV 1,102 0.12 Real Estate Investment & Services − 0.15%; 29.2.2020 0.30% 366,288 Pearson 2,048 0.23 56,563 CLS 111 0.01 7,262 0.82 321,297 Grainger 1,006 0.11 74,816 St Modwen Properties 242 0.03 Metal & Hardware − 0.06%; 29.2.2020 0.08% Ø 97,034 Bodycote 544 0.06 1,359 0.15

Mining − 4.04%; 29.2.2020 3.15% Real Estate Investment Trusts − 2.29%; 29.2.2020 2.24% 598,424 Anglo American 10,966 1.23 1,268,975 Assura 1,027 0.11 100,172 KAZ Minerals 581 0.06 74,557 Big Yellow 796 0.09 529,067 Rio Tinto 24,520 2.75 460,845 British Land 1,685 0.19 365,316 Capital & Counties Properties 472 0.05 36,067 4.04 302,033 Civitas Social Housing 333 0.04 Miscellaneous Manufacturing − 0.65%; 29.2.2020 0.68% 49,551 Derwent London 1,401 0.16 13,882 Avon Rubber 530 0.06 205,704 GCP Student Living 283 0.03 39,209 Hill & Smith 477 0.05 128,149 Great Portland Estates 773 0.09 132,832 IMI 1,401 0.16 372,720 Hammerson 181 0.02 122,602 Morgan Advanced Materials 283 0.03 346,629 Land 2,004 0.22 Ø 189,523 Smiths 2,657 0.30 446,158 LondonMetric PropertyØ 1,056 0.12 99,779 Vesuvius 408 0.05 254,618 LXI REIT 288 0.03 607,440 Primary Health PropertiesØ 923 0.10 5,756 0.65 579,817 Segro 5,523 0.62 Oil & Gas Producers − 2.97%; 29.2.2020 4.12% 105,588 Shaftesbury 558 0.06 9,679,944 BP 25,574 2.86 852,246 Tritax Big Box REIT 1,327 0.15 278,910 Cairn Energy 393 0.04 155,096 Unite 1,498 0.17 Ø 49,054 Energean 281 0.03 61,272 Workspace 345 0.04 137,791 PetrofacØ 222 0.02 187,856 Vivo EnergyØ 141 0.02 20,473 2.29

26,611 2.97 Retail − 1.78%; 29.2.2020 1.59% 413,960 B&M European Value Retail 1,970 0.22 Oil & Gas Services − 0.09%; 29.2.2020 0.14% 465,383 Dixons Carphone 430 0.05 332,985 John Wood 825 0.09 237,256 Domino’s PizzaØ 796 0.09

BlackRock Collective Investment Funds 48 iShares 350 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

47,998 Dunelm 685 0.08 335,681 United Utilities 2,790 0.31 92,358 Frasers 323 0.04 7,556 0.84 41,090 J D Wetherspoon 420 0.05 214,066 JD Sports Fashion 1,549 0.17 UNITED STATES OF AMERICA − 0.10%; 29.2.2020 0.21% 1,037,154 Kingfisher 2,802 0.31 Biotechnology − 0.02%; 29.2.2020 0.02% 942,259 Marks & Spencer 1,047 0.12 78,409 PureTech Health 218 0.02 114,332 Mitchells & Butlers 197 0.02 62,192 NextØ 3,755 0.42 Leisure Time − 0.08%; 29.2.2020 0.19% 240,261 Pets at HomeØ 707 0.08 63,919 Carnival 674 0.08 39,975 Watches of Switzerland 137 0.02 COLLECTIVE INVESTMENT 61,075 WH Smith 719 0.08 SCHEMES − 5.33%; 29.2.2020 4.15% 138,678 World 279 0.03 Equities − 0.13%; 29.2.2020 0.11% 15,816 1.78 816,883 Renewables Infrastructure 1,116 0.13

Software − 0.67%; 29.2.2020 0.63% Equity Funds − 1.01%; 29.2.2020 0.77% 30,896 Aveva 1,567 0.18 131,951 Apax Global AlphaØ 219 0.03 Ø 151,489 Micro Focus International 453 0.05 319,226 BBGI 547 0.06 531,786 Sage 3,938 0.44 274,428 Foresight Solar FundØ 295 0.03 451,212 GCP Infrastructure Investments 542 0.06 5,958 0.67 59,376 Genesis Emerging Markets FundØ 449 0.05 Storage & Warehousing − 0.09%; 29.2.2020 0.08% 39,517 HarbourVest Global Private 675 0.08 99,121 Safestore 775 0.09 EquityØ 324,894 Hipgnosis Songs Fund 392 0.04 Telecommunications − 2.33%; 29.2.2020 2.61% 787,574 International Public PartnershipsØ 1,307 0.15 550,404 Airtel AfricaØ 314 0.04 261,531 JLEN Environmental AssetsØ 314 0.04 4,273,637 BT 4,472 0.50 99,099 Pershing Square FundØ 1,997 0.22 311,136 Spirent Communications 905 0.10 130,198 Schroder Oriental Income FundØ 303 0.03 300,513 TalkTalk Telecom 221 0.02 769,136 Sequoia Economic Infrastructure 832 0.09 24,651 Telecom Plus 338 0.04 Income Fund 13,066,583 Vodafone 14,561 1.63 233,122 Syncona 550 0.06 20,811 2.33 82,858 Vietnam Enterprise InvestmentsØ 355 0.04 72,163 VinaCapital Vietnam Opportunity 230 0.03 Textiles − 0.04%; 29.2.2020 0.04% Fund 698,953 Coats 385 0.04 9,007 1.01 Toys, Games & Hobbies − 0.17%; 29.2.2020 0.10% 16,421 Games Workshop 1,513 0.17 Investment Trusts − 4.19%; 29.2.2020 3.27% 301,596 3i Infrastructure 881 0.10 Transportation − 0.23%; 29.2.2020 0.38% 39,641 Aberforth Smaller Companies 342 0.04 13,199 Clarkson 324 0.04 Tr ust 545,343 Firstgroup 238 0.03 161,555 Alliance TrustØ 1,325 0.15 22,524 Go-Ahead 148 0.02 16,942 Allianz Technology Trust 423 0.05 17,623 James Fisher & Sons 216 0.02 58,757 Avi Global Trust 421 0.05 202,832 National Express 256 0.03 48,098 Baillie Gifford Japan Trust 391 0.04 457,197 Royal Mail 820 0.09 57,586 Bankers Investment Trust 588 0.07 Ø 2,002 0.23 216,167 BB Healthcare Trust 339 0.04 25,268 BlackRock Smaller Cos Trust† 309 0.03 Water − 0.84%; 29.2.2020 0.84% 86,312 BlackRock World Mining Trust† 349 0.04 205,303 Pennon 2,064 0.23 334,320 BMO Global Smaller Companies 405 0.05 115,945 Severn Trent 2,702 0.30

49 BlackRock Collective Investment Funds iShares 350 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

15,121 Caledonia Investments 384 0.04 367,461 Mercantile Investment Trust 713 0.08 204,768 City of London Investment Trust 660 0.07 105,197 Monks Investment TrustØ 1,206 0.13 89,633 Edinburgh Investment Trust 415 0.05 60,086 Murray International Trust 568 0.06 147,847 Edinburgh Worldwide Investment 407 0.05 291,395 NextEnergy Solar FundØ 308 0.03 Ø Tr ust 25,542 Pantheon International Fund 575 0.06 52,386 European Opportunities Trust 357 0.04 103,487 Perpetual Income and Growth 239 0.03 267,281 F&C Investment Trust 1,868 0.21 Investment Trust 165,469 Fidelity China Special Situations 531 0.06 1,174 Personal Assets Trust 531 0.06 193,121 Fidelity European TrustØ 510 0.06 64,352 Polar Capital Technology Trust 1,400 0.16 96,945 Fidelity Special Values 175 0.02 37,587 Pollen Street Secured Lending 317 0.03 102,739 Finsbury Growth & Income Trust 853 0.10 62,823 RIT Capital Partners 1,142 0.13 740,444 Greencoat UK Wind 1,060 0.12 73,025 Schroder AsiaPacific Fund 354 0.04 37,395 Henderson Smaller Companies 289 0.03 72,659 Scottish American Investment 310 0.03 Investment Trust 33,147 Scottish Investment Trust 240 0.03 32,398 Herald Investment Trust 535 0.06 706,100 Scottish Mortgage Investment 6,786 0.76 175,910 HgCapital Trust 480 0.05 Tr ust 892,593 Hicl Infrastructure 1,496 0.17 57,323 Smithson Investment Trust 856 0.10 34,536 ICG Enterprise Trust 289 0.03 27,638 Temple Bar Investment Trust 203 0.02 119,905 Impax Environmental Markets 417 0.05 122,067 Templeton Emerging Markets 1,011 0.11 103,312 JP Morgan American Investment 534 0.06 Investment Trust Tr ust 149,901 TR Property Investment Trust - 528 0.06 55,197 JPMorgan Emerging Markets 591 0.07 Ordinary Shares Investment Trust 420,940 Witan Investment Trust 786 0.09 87,395 JPMorgan Japanese Investment 477 0.05 27,026 Worldwide Healthcare Trust 926 0.10 Tr ust 37,414 4.19 59,174 Law Debenture 314 0.03

BlackRock Collective Investment Funds 50 iShares 350 UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − (0.03%); 29.2.2020 (0.21%)

Forward Currency Contracts − 0.00%; 29.2.2020 (0.01%) £773,555 UK sterling vs US dollar 754 19 0.00

Futures − (0.03%); 29.2.2020 (0.20%) 191 FTSE 100 Index September 2020 11,387 (271) (0.03)

Portfolio of investments 897,172 100.49

CASH EQUIVALENTS

Short-term Money Market Funds − 0.30%; 29.2.2020 0.65%

2,693,709 BlackRock ICS Sterling Liquidity Fund - Agency Income Class† 2,694 0.30

Net other liabilities (7,076) (0.79)

Total net assets 892,790 100.00

51 BlackRock Collective Investment Funds iShares 350 UK Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital (losses)/gains (90,399) 19,996 Revenue 16,816 30,505 Expenses (961) (1,201) Interest payable and similar charges (1) – Net revenue before taxation 15,854 29,304 Taxation (50) (216) Net revenue after taxation 15,804 29,088 Total return before distributions (74,595) 49,084 Distributions (15,804) (29,088) Change in net assets attributable to unitholders from investment activities (90,399) 19,996

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 982,218 1,085,223 Amounts receivable on issue of units 5,145 1,774 Amounts payable on cancellation of units (4,278) (6,999) 867 (5,225) Change in net assets attributable to unitholders from investment activities (90,399) 19,996 Retained distribution on accumulation units 104 116 Closing net assets attributable to unitholders 892,790 1,100,110 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

BlackRock Collective Investment Funds 52 iShares 350 UK Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 897,443 985,105 Current assets − Debtors 6,236 8,349 − Cash and bank balances 1,848 2,093 − Cash collateral posted 1,254 604 − Cash equivalents 2,694 6,430 Total assets 909,475 1,002,581

Liabilities: Investment liabilities (271) (2,062) Creditors − Distributions payable (15,703) (17,509) − Other creditors (711) (792) Total liabilities (16,685) (20,363) Net assets attributable to unitholders 892,790 982,218

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

53 BlackRock Collective Investment Funds iShares Continental European Equity Index Fund (UK)

About the Fund

Risk and Reward Profile

• The risk indicator was calculated incorporating historical or simulated historical data and may not be a reliable indication of the future risk profile of the Fund. • The risk category shown is not guaranteed and may change over time. • The lowest category does not mean risk free. • The use of derivatives will impact the value of the Fund and may expose the Fund to a higher degree of risk. Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

BlackRock Collective Investment Funds 54 iShares Continental European Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 1,384,433 3,545 256.1 L Income 5,659,188 7,248 128.1 L Accumulation 791,264,716 2,090,450 264.2 X Income 28,685,994 51,098 178.1 X Accumulation 543,740,419 1,194,908 219.8 D Accumulation 72,663,772 188,349 259.2 H Income 13,948,491 19,147 137.3 H Accumulation 71,304,205 110,703 155.3

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 3.4821 L Income 1.9457 L Accumulation 3.9507 X Income 2.8664 X Accumulation 3.4800 D Accumulation 4.0653 H Income 2.1871 H Accumulation 2.4348

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.52% 0.52% L Income 0.22% 0.22% L Accumulation 0.22% 0.22% X Income 0.02% 0.02% X Accumulation 0.02% 0.02% D Accumulation 0.06% 0.06% H Income 0.06% 0.05% H Accumulation 0.06% 0.06% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

55 BlackRock Collective Investment Funds iShares Continental European Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

EQUITIES − 99.22%; 29.2.2020 99.73% 134,615 DSV Panalpina 15,748 0.43 41,112 Genmab 11,671 0.32 Austria − 0.34%; 29.2.2020 0.42% 87,151 GN Store Nord 4,735 0.13 47,932 ANDRITZ 1,205 0.03 40,133 H LundbeckØ 985 0.03 191,492 Erste Bank 3,482 0.10 138,154 ISSØ 1,586 0.04 100,129 OMVØ 2,434 0.07 1,115,141 Novo Nordisk 55,292 1.51 89,402 Raiffeisen Bank 1,195 0.03 Ø International 144,440 Novozymes 6,386 0.17 57,981 Telekom AustriaØ 320 0.01 130,733 Orsted 13,847 0.38 Ø 3,445 0.09 48,147 VerbundØ 1,939 0.05 62,789 Pandora Ø 27,486 Vienna Insurance Wiener 503 0.01 4,532 Rockwool International 1,287 0.04 Ø Versicherung GruppeØ 84,678 Tryg 1,953 0.05 87,541 voestalpine 1,624 0.04 135,144 Vestas Wind Systems 15,372 0.42

12,702 0.34 174,591 4.76

Belgium − 1.94%; 29.2.2020 1.96% Finland − 2.83%; 29.2.2020 2.60% Ø 14,855 Ackermans & van 1,579 0.04 100,993 Elisa 4,449 0.12 Ø Haaren 307,245 Fortum 4,867 0.13 122,701 Ageas 3,858 0.11 61,296 Huhtamaki 2,216 0.06 577,610 Anheuser-Busch InBevØ 25,175 0.69 183,244 Kesko 3,035 0.08 33,529 Colruyt 1,587 0.04 272,620 Kone 17,567 0.48 24,734 EliaØ 1,988 0.05 422,340 Metso Outotec 2,346 0.06 33,208 GalapagosØ 3,379 0.09 73,740 Neles 749 0.02 76,540 Groupe Bruxelles 5,298 0.14 286,366 Neste 11,472 0.31 LambertØ 3,914,824 Nokia 14,193 0.39 188,898 KBC 8,116 0.22 97,496 Nokian RenkaatØ 2,029 0.06 96,291 Proximus 1,426 0.04 135,976 Nordea Bank 822 0.02 10,823 Sofina 2,431 0.07 2,073,373 Nordea Bank 12,528 0.34 49,895 SolvayØ 3,237 0.09 73,583 Orion 2,578 0.07 31,861 Telenet 925 0.03 343,504 Sampo 10,355 0.28 82,113 UCB 7,293 0.20 410,731 Stora Enso 4,527 0.12 137,422 Umicore 4,723 0.13 371,046 UPM-Kymmene 8,402 0.23 346,053 WartsilaØ 2,209 0.06 71,015 1.94 104,344 2.83 Czech Republic − 0.08%; 29.2.2020 0.09% 106,115 CEZ 1,645 0.04 France − 20.49%; 29.2.2020 22.40% 48,900 Komercni banka 884 0.02 132,982 Accor 3,057 0.08 343,261 Moneta Money Bank 650 0.02 21,482 Aeroports de ParisØ 1,685 0.05 127,348 Air France-KLMØ 430 0.01 3,179 0.08 320,006 Air Liquide 39,745 1.08 Denmark − 4.76%; 29.2.2020 4.20% 385,462 Airbus 23,702 0.65 115,564 AmbuØ 2,545 0.07 69,418 ALDØ 533 0.01 2,876 AP Moller - Maersk 3,073 0.08 127,987 AlstomØ 5,332 0.15 4,266 AP Moller - MaerskØ 4,910 0.13 37,103 Amundi 2,157 0.06 68,642 Carlsberg 7,223 0.20 45,945 Arkema 3,813 0.10 71,557 Chr HansenØ 6,135 0.17 65,337 Atos 4,231 0.12 92,416 Coloplast 11,737 0.32 1,336,334 AXAØ 20,380 0.56 448,348 Danske Bank 5,197 0.14 28,718 BioMerieuxØ 3,258 0.09 65,669 DemantØ 1,464 0.04 755,175 BNP Paribas 24,664 0.67

BlackRock Collective Investment Funds 56 iShares Continental European Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

755,120 Bollore 2,122 0.06 130,606 Renault 2,781 0.08 152,838 BouyguesØ 4,539 0.12 205,745 Rexel 2,060 0.06 188,719 Bureau Veritas 3,202 0.09 66,514 Rubis 2,348 0.06 109,653 CapgeminiØ 11,361 0.31 221,542 Safran 19,199 0.52 385,390 CarrefourØ 4,632 0.13 752,509 Sanofi 57,039 1.56 37,909 Casino Guichard PerrachonØ 736 0.02 17,131 Sartorius Stedim Biotech 4,587 0.13 340,138 Cie de Saint-GobainØ 10,324 0.28 364,751 Schneider Electric 33,786 0.92 121,684 Cie Generale des 10,282 0.28 105,067 SCOR 2,104 0.06 Etablissements Michelin 18,316 SEBØ 2,405 0.07 Ø 34,557 Cie Plastic Omnium 583 0.02 532,435 Societe Generale 6,459 0.18 Ø 102,347 CNP Assurances 1,025 0.03 56,192 SodexoØ 3,008 0.08 Ø 33,466 Covivio 1,856 0.05 240,021 Suez 3,110 0.08 Ø 813,579 Credit Agricole 6,241 0.17 39,888 Teleperformance 9,206 0.25 411,387 Danone 20,240 0.55 68,188 Thales 3,989 0.11 Ø 1,540 Dassault Aviation 1,048 0.03 1,635,923 TotalØ 48,367 1.32 92,160 Dassault Systemes 12,994 0.35 65,184 Ubisoft Entertainment 4,015 0.11 Ø 162,130 Edenred 6,265 0.17 88,744 Unibail-Rodamco-WestfieldØ 3,104 0.08 49,901 Eiffage 3,441 0.09 171,547 ValeoØ 3,923 0.11 345,034 Electricite de France 2,712 0.07 344,779 Veolia Environnement 6,218 0.17 153,377 Elis 1,484 0.04 320,240 Vinci 22,472 0.61 1,125,827 Engie 11,720 0.32 552,222 VivendiØ 11,739 0.32 204,820 EssilorLuxottica 20,509 0.56 19,698 Wendel 1,511 0.04 32,188 Eurazeo 1,271 0.03 100,999 Worldline Ø 6,946 0.19 131,967 Eutelsat CommunicationsØ 991 0.03 750,965 20.49 49,296 Faurecia 1,608 0.04 34,679 Gecina 3,565 0.10 Germany − 19.31%; 29.2.2020 17.87% 302,681 Getlink 3,471 0.09 33,097 1&1 DrillischØ 706 0.02 21,298 Hermes International 13,682 0.37 133,721 adidas 30,159 0.82 23,923 ICADE 1,159 0.03 286,278 AllianzØ 46,452 1.27 10,795 Iliad 1,726 0.05 635,891 BASFØ 28,967 0.79 24,800 ImerysØ 753 0.02 681,341 Bayer 33,813 0.92 41,775 IngenicoØ 5,306 0.14 40,449 Bayerische Motoren Werke 1,708 0.05 23,407 IpsenØ 1,814 0.05 224,956 Bayerische Motoren WerkeØ 12,120 0.33 51,750 JCDecauxØ 736 0.02 19,230 BechtleØ 2,903 0.08 50,993 Kering 23,434 0.64 70,158 BeiersdorfØ 6,074 0.17 132,233 Klepierre 1,628 0.04 102,804 Brenntag 4,814 0.13 61,416 La Francaise des Jeux SAEM 1,704 0.05 26,236 Carl Zeiss MeditecØ 2,208 0.06 185,099 Legrand 11,554 0.32 688,349 CommerzbankØ 2,984 0.08 165,357 L’Oreal 40,898 1.12 71,955 ContinentalØ 5,842 0.16 172,153 LVMH Moet Hennessy Louis 60,401 1.65 114,759 CovestroØ 4,077 0.11 Ø Vuitton 41,374 CTS Eventim &Ø 1,543 0.04 Ø 633,736 Natixis 1,305 0.04 559,390 DaimlerØ 21,265 0.58 1,328,440 Orange 11,068 0.30 95,592 Delivery Hero 7,662 0.21 Ø 33,409 Orpea 3,001 0.08 1,424,110 Deutsche BankØ 10,242 0.28 Ø 143,948 Pernod Ricard 18,451 0.50 127,582 Deutsche Boerse 18,011 0.49 Ø 366,356 Peugeot 4,702 0.13 181,339 Deutsche LufthansaØ 1,418 0.04 153,010 Publicis Groupe 4,013 0.11 679,059 Deutsche Post 23,049 0.63 16,612 Remy Cointreau 2,045 0.06 2,217,061 Deutsche Telekom 29,210 0.80

57 BlackRock Collective Investment Funds iShares Continental European Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

251,304 Deutsche WohnenØ 9,984 0.27 81,959 TeamViewerØ 3,321 0.09 22,992 DWS 675 0.02 456,209 Telefonica Deutschland 942 0.03 1,499,222 E.onØ 13,231 0.36 337,100 thyssenkruppØ 1,820 0.05 137,135 Evonik IndustriesØ 2,973 0.08 35,120 TratonØ 539 0.01 16,543 Fielmann 899 0.02 78,630 Uniper 1,923 0.05 24,045 Fraport Frankfurt Airport 822 0.02 65,101 United Internet 2,398 0.07 Ø Services Worldwide 9,947 VartaØ 1,159 0.03 281,174 Fresenius & 9,707 0.26 20,824 VolkswagenØ 2,799 0.08 144,076 Fresenius Medical Care & 9,137 0.25 127,229 Volkswagen 15,790 0.43 25,103 FUCHS PETROLUB 674 0.02 377,267 Vonovia 20,192 0.55 Ø 47,154 FUCHS PETROLUB 1,672 0.04 9,250 Wacker ChemieØ 677 0.02 Ø 112,414 GEA 3,059 0.08 113,093 Zalando 7,362 0.20 17,279 GRENKEØ 955 0.03 708,307 19.31 40,994 Hannover Rueck 5,240 0.14 102,441 HeidelbergCement 4,864 0.13 Greece − 0.18%; 29.2.2020 0.21% 29,547 Hella &Ø 1,083 0.03 927,466 Alpha Bank AE 459 0.01 68,025 Henkel & 4,578 0.13 1,701,988 Eurobank Ergasias Services and 611 0.02 120,753 Henkel &Ø 9,230 0.25 27,572 FF2Ø –0.00 12,862 Hochtief 853 0.02 166,449 Hellenic Telecommunications 2,037 0.06 42,980 HUGO BOSSØ 854 0.02 Organization 902,804 Infineon Technologies 18,672 0.51 80,798 JUMBO 1,050 0.03 46,868 KIONØ 2,964 0.08 34,030 Motor Oil Hellas Corinth 356 0.01 Ø 39,337 Knorr-Bremse 3,728 0.10 Refineries 53,727 LANXESS 2,358 0.06 75,864 Mytilineos 534 0.01 49,084 LEG Immobilien 5,393 0.15 407,633 National Bank of Greece 415 0.01 88,680 Merck 8,979 0.25 163,128 OPAP 1,119 0.03 121,868 METROØ 905 0.02 6,581 0.18 37,678 MTU Aero Engines 5,211 0.14 95,433 Muenchener 20,637 0.56 Hungary − 0.20%; 29.2.2020 0.25% Rueckversicherungs- 324,446 Magyar Telekom 294 0.01 Gesellschaft in Muenchen Telecommunications 37,366 Nemetschek 2,216 0.06 271,295 MOL Hungarian Oil & Gas 1,142 0.03 26,320 OSRAM LichtØ 1,019 0.03 156,906 OTP Bank Nyrt 3,973 0.11 101,510 Porsche Automobil 4,677 0.13 90,736 Richter Gedeon Nyrt 1,669 0.05 110,088 ProSiebenSat.1 Media 933 0.03 7,078 0.20 55,471 Puma 3,429 0.09 2,341 RationalØ 1,121 0.03 Ireland − 0.55%; 29.2.2020 0.55% 31,758 Rheinmetall 2,208 0.06 632,051 AIB 582 0.02 45,169 Rocket InternetØ 764 0.02 680,186 Bank of Ireland 1,146 0.03 435,259 RWEØ 12,873 0.35 155,680 Glanbia 1,342 0.04 774,091 SAP 95,141 2.60 105,622 Kerry 10,378 0.28 22,943 Sartorius 7,300 0.20 104,876 Kingspan 6,735 0.18 72,682 Scout24 5,083 0.14 20,183 0.55 527,848 Siemens 54,494 1.49 89,744 Siemens HealthineersØ 3,048 0.08 Italy − 4.41%; 29.2.2020 5.09% Ø 61,070 SuedzuckerØ 931 0.03 1,081,704 A2A 1,181 0.03 Ø 86,380 Symrise 8,919 0.24 80,497 Amplifon 2,004 0.05 23,925 Talanx 665 0.02 884,467 Assicurazioni Generali 10,274 0.28

BlackRock Collective Investment Funds 58 iShares Continental European Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

350,474 AtlantiaØ 4,173 0.11 18,483 Adyen 23,328 0.64 148,967 Banca Mediolanum 827 0.02 1,242,121 AegonØ 2,588 0.07 886,920 Banco BPMØ 1,118 0.03 133,254 Akzo Nobel 9,870 0.27 31,925 Buzzi Unicem 331 0.01 385,504 Altice Europe 1,277 0.03 41,516 Buzzi UnicemØ 761 0.02 30,227 ArgenxØ 5,227 0.14 378,399 Davide Campari-MilanoØ 2,901 0.08 34,169 ASM International 3,847 0.11 15,415 DiaSorinØ 2,086 0.06 275,714 ASML 77,403 2.11 5,404,089 Enel 36,627 1.00 98,139 ASR Nederland 2,546 0.07 1,670,840 EniØ 11,641 0.32 53,513 Boskalis WestminsterØ 838 0.02 82,792 FerrariØ 12,065 0.33 42,502 Euronext 3,853 0.11 410,420 FinecoBank Banca Fineco 4,656 0.13 69,856 EXOR 3,082 0.08 565,433 Hera 1,614 0.04 39,355 GrandVision 844 0.02 205,049 Infrastrutture Wireless Italiane 1,495 0.04 73,251 HeinekenØ 4,488 0.12 10,727,417 Intesa Sanpaolo 17,295 0.47 165,713 HeinekenØ 11,480 0.31 339,239 Italgas 1,633 0.04 2,697,171 ING Groep 16,392 0.45 256,991 LeonardoØ 1,301 0.04 43,948 JDE Peet’sØ 1,447 0.04 246,436 MediasetØ 341 0.01 754,947 Koninklijke Ahold Delhaize 17,000 0.46 500,779 Mediobanca Banca di Credito 3,257 0.09 119,384 Koninklijke DSM 14,337 0.39 Ø Finanziario 2,249,399 Koninklijke KPN 4,412 0.12 130,192 Moncler 3,772 0.10 619,521 Koninklijke Philips 21,933 0.60 Ø 251,275 Nexi 3,337 0.09 45,324 Koninklijke VopakØ 1,863 0.05 Ø 252,461 Pirelli & C 817 0.02 219,840 NN 6,189 0.17 336,618 Poste Italiane 2,312 0.06 69,899 OCIØ 709 0.02 164,772 Prysmian 3,450 0.09 296,881 Prosus 22,222 0.61 67,747 Recordati Industria Chimica e 2,763 0.08 151,415 QiagenØ 5,740 0.16 Ø Farmaceutica 74,680 RandstadØ 2,911 0.08 Ø 371,368 Saipem 595 0.02 89,288 SignifyØ 2,231 0.06 Ø 54,651 Salvatore Ferragamo 589 0.02 186,145 Wolters Kluwer 11,439 0.31 1,539,833 Snam 5,900 0.16 7,195,205 Telecom ItaliaØ 2,563 0.07 283,697 7.74 Ø 4,167,606 Telecom Italia SpA/Milano 1,473 0.04 Norway − 1.33%; 29.2.2020 1.33% 983,431 Terna Rete Elettrica Nazionale 5,321 0.15 162,585 Adevinta 2,279 0.06 Ø 1,457,623 UniCredit 10,739 0.29 17,403 AkerØ 608 0.02 Ø 299,312 UnipolSai Assicurazioni 643 0.02 73,230 Aker BP 1,095 0.03 720,096 DNBØ 8,689 0.24 161,855 4.41 694,584 Equinor 8,462 0.23 Luxembourg − 0.43%; 29.2.2020 0.53% 111,949 Gjensidige Forsikring 1,793 0.05 437,807 ArcelorMittal 4,146 0.11 167,273 Leroy Seafood 795 0.02 824,346 Aroundtown 3,391 0.09 305,923 Mowi 4,498 0.12 Ø 8,574 Eurofins Scientific 5,137 0.14 856,311 Norsk HydroØ 2,055 0.06 Ø 24,418 RTL 609 0.02 508,854 Orkla 3,894 0.11 235,301 SES 1,251 0.03 36,558 Salmar 1,489 0.04 Ø 351,378 Tenaris 1,542 0.04 53,115 SchibstedØ 1,738 0.05 16,076 0.43 63,361 Schibsted 1,888 0.05 457,499 TelenorØ 5,595 0.15 Netherlands − 7.74%; 29.2.2020 6.78% 121,511 Yara InternationalØ 3,827 0.10 72,510 Aalberts 2,047 0.06 302,050 ABN AMRO Bank 2,154 0.06 48,705 1.33

59 BlackRock Collective Investment Funds iShares Continental European Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

Poland − 0.57%; 29.2.2020 0.57% 665,380 Mapfre 944 0.03 112,835 Bank Polska Kasa Opieki 1,201 0.03 231,878 Merlin Properties Socimi 1,555 0.04 42,020 CD Projekt 3,746 0.10 198,420 Naturgy EnergyØ 2,864 0.08 177,904 Cyfrowy Polsat 1,032 0.03 291,207 Red ElectricaØ 4,162 0.11 33,745 Dino PolskaØ 1,536 0.04 960,583 Repsol 5,682 0.16 64,909 Grupa Lotos 534 0.01 153,754 Siemens Gamesa Renewable 3,075 0.08 89,038 KGHM Polska MiedzØ 2,481 0.07 Energy Ø 589 LPPØ 862 0.02 3,205,958 Telefonica 9,481 0.26 8,508 mBankØ 326 0.01 125,796 Zardoya Otis 654 0.02 508,134 PGE Polska Grupa 625 0.02 175,166 4.80 Energetyczna 223,313 Polski Koncern Naftowy ORLEN 2,302 0.06 Sweden − 6.46%; 29.2.2020 5.82% 1,177,787 Polskie Gornictwo Naftowe i 1,230 0.03 211,968 Alfa Laval 3,882 0.11 Gazownictwo 634,278 Assa Abloy 10,990 0.30 622,570 Powszechna Kasa 2,734 0.07 255,216 Atlas Copco 7,735 0.21 Oszczednosci Bank Polski 434,222 Atlas Copco 15,078 0.41 420,920 Powszechny Zaklad 2,328 0.06 192,823 Boliden 4,311 0.12 Ubezpieczen 187,838 Castellum 2,870 0.08 21,462 Santander Bank Polska 662 0.02 168,473 ElectroluxØ 2,736 0.07 Ø 21,599 0.57 168,473 Electrolux Professional 557 0.02 231,077 Elekta 2,166 0.06 Portugal − 0.34%; 29.2.2020 0.37% 252,689 Epiroc 2,721 0.07 1,916,080 EDP - Energias de Portugal 7,257 0.20 421,624 Epiroc 4,699 0.13 359,675 Galp Energia SGPS 2,882 0.08 141,686 EQTØ 1,958 0.05 Ø 2,056 0.06 167,428 Jeronimo Martins SGPS 418,346 Essity 10,806 0.29 Ø 12,195 0.34 71,901 Fastighets Balder 2,148 0.06 609,989 Hennes & MauritzØ 7,316 0.20 Spain − 4.80%; 29.2.2020 6.05% 176,192 Hexagon 9,551 0.26 15,238 AccionaØ 1,364 0.04 77,051 Hufvudstaden 715 0.02 172,352 ACS Actividades de 3,159 0.09 288,514 Husqvarna 2,350 0.06 Construccion y Servicios 54,845 ICA GruppenØ 2,015 0.06 48,854 Aena SME 5,459 0.15 124,658 IndustrivardenØ 2,472 0.07 293,169 Amadeus IT 12,284 0.34 147,912 Industrivarden 2,946 0.08 4,651,105 Banco Bilbao Vizcaya 10,187 0.28 74,482 Investment LatourØ 1,246 0.03 Argentaria 89,238 Investor 4,223 0.12 4,182,134 Banco de Sabadell 1,263 0.03 313,245 Investor 14,929 0.41 11,263,404 Banco Santander 18,741 0.51 166,652 Kinnevik 4,823 0.13 825,700 BankiaØ 778 0.02 166,652 Kinnevik 100 0.00 517,545 Bankinter 2,084 0.06 48,400 L E Lundbergforetagen 1,668 0.05 2,446,108 CaixaBank 4,025 0.11 139,366 Lundin Energy 2,551 0.07 236,828 Cellnex TelecomØ 11,347 0.31 207,066 Nibe IndustrierØ 4,357 0.12 122,830 EDP Renovaveis 1,569 0.04 62,368 SaabØ 1,404 0.04 153,704 EnagasØ 2,813 0.08 745,017 Sandvik 10,967 0.30 209,651 Endesa 4,350 0.12 216,175 Securitas 2,316 0.06 324,666 Ferrovial 6,490 0.18 981,401 Skandinaviska Enskilda Banken 7,310 0.20 231,131 Grifols 4,688 0.13 236,042 Skanska 3,624 0.10 4,172,505 Iberdrola 39,319 1.07 274,147 SKFØ 4,118 0.11 729,089 Industria de Diseno Textil 15,324 0.42 396,505 Svenska CellulosaØ 3,823 0.10 229,116 Inmobiliaria Colonial SocimiØ 1,505 0.04

BlackRock Collective Investment Funds 60 iShares Continental European Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

26,599 Svenska HandelsbankenØ 221 0.01 4,023 SGS 7,801 0.21 1,042,134 Svenska HandelsbankenØ 7,851 0.21 96,058 SikaØ 17,249 0.47 680,909 Swedbank 8,659 0.24 37,513 SonovaØ 6,568 0.18 109,743 Swedish Match 6,240 0.17 435,376 STMicroelectronics 9,800 0.27 120,231 Swedish Orphan BiovitrumØ 2,013 0.06 6,730 StraumannØ 4,959 0.14 385,122 Tele2 4,090 0.11 13,476 Sulzer 899 0.02 2,060,559 Telefonaktiebolaget LM Ericsson 17,905 0.49 19,436 Swatch AG/TheØ 3,079 0.08 1,779,391 TeliaØ 5,136 0.14 32,676 Swatch AG/The 966 0.03 167,145 Trelleborg 2,183 0.06 23,039 Swiss LifeØ 6,971 0.19 1,029,789 Volvo 14,807 0.40 53,822 Swiss Prime SiteØ 3,629 0.10 200,103 Swiss ReØ 12,056 0.33 236,586 6.46 17,772 SwisscomØ 7,370 0.20 Switzerland − 20.56%; 29.2.2020 20.49% 42,538 TemenosØ 5,142 0.14 1,243,813 ABBØ 23,696 0.65 2,324,150 UBSØ 21,175 0.58 107,324 Adecco 4,206 0.11 36,435 Vifor PharmaØ 4,031 0.11 318,454 Alcon 13,565 0.37 102,622 Zurich InsuranceØ 28,428 0.78 32,526 BaloiseØ 3,788 0.10 752,704 20.56 20,180 Banque Cantonale VaudoiseØ 1,612 0.04 2,113 Barry CallebautØ 3,505 0.10 Turkey − 0.36%; 29.2.2020 0.48% 73 Chocoladefabriken Lindt & 4,832 0.13 1,743,871 Akbank T.A.S. 865 0.02 Spruengli 135,909 Anadolu Efes Biracilik Ve Malt 265 0.01 702 Chocoladefabriken Lindt & 4,477 0.12 Sanayii Spruengli 131,685 ArcelikØ 281 0.01 Ø 354,554 Cie Financiere Richemont 17,567 0.48 397,998 Aselsan Elektronik Sanayi Ve 656 0.02 147,875 ClariantØ 2,306 0.06 Ticaret 1,669,514 Credit Suisse 13,750 0.38 333,558 BIM Birlesik Magazalar 2,297 0.06 25,510 DKSH 1,279 0.03 48,519 Coca-Cola Icecek 213 0.01 18,705 DufryØ 422 0.01 508,446 Enka Insaat ve Sanayi 330 0.01 4,882 EMS-ChemieØ 3,296 0.09 887,796 Eregli Demir ve Celik Fabrikalari 786 0.02 13,470 Flughafen ZurichØ 1,518 0.04 51,909 Ford Otomotiv Sanayi 444 0.01 24,570 Geberit 10,605 0.29 437,722 Haci Omer Sabanci 343 0.01 2,708 Georg FischerØ 2,016 0.06 597,457 KOC 903 0.02 6,408 GivaudanØ 20,143 0.55 47,423 Koza Altin Isletmeleri 374 0.01 24,307 Helvetia 1,714 0.05 574,056 Petkim Petrokimya 228 0.01 149,187 Julius Baer 5,356 0.15 1 Soda Sanayii – 0.00 34,632 Kuehne + Nagel InternationalØ 5,028 0.14 108,148 TAV Havalimanlari 165 0.00 352,405 LafargeHolcim 12,536 0.34 74,802 TekfenØ 113 0.00 101,982 Logitech InternationalØ 5,650 0.15 93,521 Tofas Turk Otomobil Fabrikasi 213 0.01 50,920 Lonza 23,659 0.65 81,052 Tupras Turkiye Petrol Rafinerileri 658 0.02 1,991,905 NestleØ 179,349 4.89 398,306 Turk Hava YollariØ 427 0.01 1,483,434 Novartis 96,004 2.62 365,327 Turk TelekomunikasyonØ 253 0.01 113,353 OC Oerlikon 774 0.02 656,723 Turkcell Iletisim Hizmetleri 954 0.03 11,376 PartnersØ 8,658 0.24 1,384,815 Turkiye Garanti Bankasi 950 0.03 27,090 PSP Swiss PropertyØ 2,422 0.07 902,273 Turkiye Is BankasiØ 450 0.01 17,793 Roche 4,666 0.13 1 Turkiye Sinai Kalkinma Bankasi – 0.00 481,200 Roche 125,957 3.44 444,133 Turkiye Sise ve Cam FabrikalariØ 272 0.01 12,584 SchindlerØ 2,482 0.07 795,811 Turkiye Vakiflar BankasiØ 328 0.01 28,722 Schindler 5,743 0.16

61 BlackRock Collective Investment Funds iShares Continental European Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

643,099 Yapi ve Kredi BankasiØ 132 0.00 COLLECTIVE INVESTMENT SCHEMES − 0.32; 29.2.2020 0.00% 12,900 0.36 Short-term Money Market Funds − 0.32%; 29.2.2020 0.00% United Kingdom − 1.54%; 29.2.2020 1.67% 130,074 BlackRock ICS Euro Liquidity 11,538 0.32 663,324 CNH Industrial 3,929 0.11 Fund - Agency Income Class‡ 773,294 Fiat Chrysler Automobiles 6,375 0.17 169,234 Subsea 7Ø 1,030 0.03 308,178 TechnipFMCØ 1,790 0.05 1,001,330 Unilever 43,388 1.18

56,512 1.54

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − (0.01%); 29.2.2020 (0.04%)

Futures − (0.01%); 29.2.2020 (0.04%) 758 Euro Stoxx 50 September 2020 22,106 (241) (0.01) 103 Swiss Market Index September 2020 8,683 (27) 0.00

30,789 (268) (0.01)

Portfolio of investments 3,648,210 99.53 Net other assets 17,238 0.47

Total net assets 3,665,448 100.00

BlackRock Collective Investment Funds 62 iShares Continental European Equity Index Fund (UK)

Statement of Total Return (unaudited)

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 148,900 295,306 Revenue 71,588 93,866 Expenses (2,397) (2,310) Interest payable and similar charges (99) (169) Net revenue before taxation 69,092 91,387 Taxation (7,808) (9,414) Net revenue after taxation 61,284 81,973 Total return before distributions 210,184 377,279 Distributions (58,137) (81,973) Change in net assets attributable to unitholders from investment activities 152,047 295,306

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 3,596,915 3,204,880 Amounts receivable on issue of units 373,129 360,633 Amounts payable on cancellation of units (511,564) (359,948) (138,435) 685 Stamp duty reserve tax – 4 Change in net assets attributable to unitholders from investment activities 152,047 295,306 Retained distribution on accumulation units 54,921 81,533 Closing net assets attributable to unitholders 3,665,448 3,582,408 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

63 BlackRock Collective Investment Funds iShares Continental European Equity Index Fund (UK)

Balance Sheet (unaudited)

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 3,648,478 3,587,165 Current assets − Debtors 44,873 30,227 − Cash and bank balances 21,651 17,974 − Cash collateral posted 6,422 800 Total assets 3,721,424 3,636,166

Liabilities: Investment liabilities (268) (1,549) Creditors − Amounts held at futures clearing houses and brokers (289) – − Distributions payable (1,238) (339) − Other creditors (54,181) (37,363) Total liabilities (55,976) (39,251) Net assets attributable to unitholders 3,665,448 3,596,915

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 64 iShares Corporate Bond Index Fund (UK)

About the Fund

The Fund is a sub-fund of BlackRock Collective Investment Funds (previously known as BlackRock Qualified Investor Schemes (1)), a UCITS scheme under the COLL Sourcebook. This Fund launched on 30 June 2010. This Fund was approved by the FCA on 28 April 2010. The Fund’s FCA product reference number is 645676.

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Accumulation 1 2 3 4 567 L Income 1 2 3 4 567 L Accumulation 1 2 3 4 567 X Income 1 2 3 4 567 X Accumulation 1 2 3 4 567 D Income 1 2 3 4 567 D Accumulation 1 2 3 4 567 H Income 1 2 3 4 567 H Accumulation 1 2 3 4 567

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

65 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 3,171,399 5,353 168.8 L Income 8,161,049 11,545 141.5 L Accumulation 767,867,008 1,333,005 173.6 X Income 61,076,774 77,264 126.5 X Accumulation 2,283,027,536 3,618,414 158.5 D Income 98,126,670 136,617 139.2 D Accumulation 158,903,489 273,273 172.0 H Income 49,487,470 58,778 118.8 H Accumulation 161,749,199 224,449 138.8

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 30.10.2020 Pence per Unit A Accumulation 1.5159 L Income 0.2445 L Accumulation 1.8160 X Income 1.4702 X Accumulation 1.8143 D Income 0.2526 D Accumulation 1.8841 H Income 1.3162 H Accumulation 1.5202

BlackRock Collective Investment Funds 66 iShares Corporate Bond Index Fund (UK)

Performance Record continued

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.51% 0.52% L Income 0.21% 0.22% L Accumulation 0.21% 0.22% X Income 0.01% 0.02% X Accumulation 0.01% 0.02% D Income 0.11% 0.12% D Accumulation 0.11% 0.12% H Income 0.11% 0.12% H Accumulation 0.11% 0.12% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

67 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

BONDS − 98.25%; 29.2.2020 98.54% £7,038,000 African Development Bank 7,097 0.12 0.875% 20/12/2021 UK Sterling Denominated Corporate £3,225,000 Akelius Residential Property 3,332 0.06 Bonds − 94.36%; 29.2.2020 95.36% 2.375% 15/8/2025 £4,300,000 3i 3.75% 5/6/2040 4,528 0.08 £6,600,000 Allianz Finance II 4.5% 10,344 0.18 £3,238,000 3i 5.75% 3/12/2032 4,236 0.07 13/3/2043 £1,175,000 3i 6.875% 9/3/2023 1,328 0.02 £6,582,000 America Movil 4.375% 8,708 0.15 £2,050,000 A2Dominion Housing 2,258 0.04 7/8/2041 3.5% 15/11/2028 £3,140,000 America Movil 4.948% 4,185 0.07 £2,150,000 AA Bond 2.75% 2,101 0.04 22/7/2033 Ø 31/7/2043 £4,268,000 America Movil 5% 27/10/2026 5,187 0.09 £4,536,000 AA Bond 2.875% 4,511 0.08 £4,506,000 America Movil 5.75% 6,062 0.11 31/7/2043 28/6/2030 £5,860,000 AA Bond 4.875% 6,007 0.10 £3,500,000 American Honda Finance 1.3% 3,514 0.06 31/7/2043 21/3/2022 £1,323,000 AA Bond 5.5% 1,401 0.02 £915,000 American Honda Finance 946 0.02 31/7/2050 2.625% 14/10/2022 £3,405,000 AA Bond 6.269% 3,662 0.06 Ø £4,600,000 American International 5% 5,052 0.09 2/7/2043 26/4/2023 £3,136,000 Aareal Bank 1.5% 3,192 0.06 £6,337,000 Amgen 4% 13/9/2029 7,783 0.14 16/6/2022 £4,325,000 Amgen 5.5% 7/12/2026 5,533 0.10 £3,500,000 Abertis Infraestructuras 3,698 0.06 £2,350,000 Anglian Water Services 2,426 0.04 3.375% 27/11/2026 Financing 1.625% 10/8/2025 £3,500,000 ABN AMRO Bank 3,558 0.06 £2,000,000 Anglian Water Services 2,234 0.04 1.375% 7/6/2022 Financing 2.75% 26/10/2029 £5,100,000 ABN AMRO Bank 5,226 0.09 £1,600,000 Anglian Water Services 1,922 0.03 1.375% 16/1/2025 Financing 4.5% 5/10/2027 £2,900,000 ABN AMRO Bank 2,975 0.05 £2,196,000 Anglian Water Services 2,412 0.04 2.375% 7/12/2021 Financing 5.837% 30/7/2022 £3,310,000 Accent Capital 2.625% 3,843 0.07 £2,912,000 Anglian Water Services 4,182 0.07 18/7/2049 Financing 6.293% 30/7/2030 £2,202,000 Aegon 6.125% 3,214 0.06 £1,754,000 Anglian Water Services 2,454 0.04 15/12/2031 Financing 6.625% 15/1/2029 £3,208,000 Aegon 6.625% 5,528 0.10 £974,000 Anglian Water Services 1,151 0.02 16/12/2039 Financing 6.875% 21/8/2023 £3,175,000 Affinity Sutton Capital 4,416 0.08 £2,875,000 Anglo American Capital 3,090 0.05 Markets 4.25% 3.375% 11/3/2029 8/10/2042 £4,838,000 Anheuser-Busch InBev 1.75% 5,017 0.09 £1,455,000 Affinity Sutton Capital 2,364 0.04 7/3/2025 Markets 5.981% £5,579,000 Anheuser-Busch InBev 2.25% 5,857 0.10 17/9/2038 24/5/2029 £1,850,000 Affinity Water Finance 2,515 0.04 £8,309,000 Anheuser-Busch InBev 2.85% 8,925 0.16 4.5% 31/3/2036 25/5/2037 £2,364,000 Affinity Water Finance 2,992 0.05 £4,510,000 Anheuser-Busch InBev 4% 5,171 0.09 5.875% 13/7/2026 24/9/2025 £10,102,000 Affordable Housing 12,967 0.23 £5,078,000 Anheuser-Busch InBev 9.75% 6,811 0.12 Finance 2.893% 30/7/2024 11/8/2045 £5,276,000 Annington Funding 2.646% 5,622 0.10 £4,116,000 Affordable Housing 5,922 0.10 12/7/2025 Finance 3.8% 20/5/2044Ø £6,260,000 Annington Funding 3.184% 6,892 0.12 12/7/2029

BlackRock Collective Investment Funds 68 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£4,435,000 Annington Funding 3.685% 5,142 0.09 £4,900,000 AT&T 5.5% 15/3/2027 6,119 0.11 12/7/2034 £9,450,000 AT&T 7% 30/4/2040 15,494 0.27 £5,770,000 Annington Funding 3.935% 7,086 0.12 £5,200,000 Aviva 4% 3/6/2055 5,552 0.10 12/7/2047 £3,225,000 Aviva 4.375% 12/9/2049Ø 3,570 0.06 £2,615,000 AP Moller - Maersk 4% 2,790 0.05 £3,307,000 Aviva 5.125% 4/6/2050 3,858 0.07 4/4/2025 £5,590,000 Aviva 6.125% 14/11/2036 6,792 0.12 £6,308,000 Apple 3.05% 31/7/2029 7,558 0.13 £6,380,000 Aviva 6.125% Perpetual 6,987 0.12 £4,270,000 Apple 3.6% 31/7/2042 6,070 0.11 29/9/2168 £4,325,000 APT Pipelines 3.125% 4,755 0.08 £4,738,000 Aviva 6.875% 20/5/2058 6,980 0.12 18/7/2031 £5,323,000 AXA 5.453% Perpetual 6,100 0.11 £4,020,000 APT Pipelines 3.5% 22/3/2030 4,515 0.08 4/3/2169 £3,100,000 APT Pipelines 4.25% 3,493 0.06 £7,142,000 AXA 5.625% 16/1/2054 8,884 0.15 26/11/2024 £2,418,000 AXA 6.6862% Perpetual 2,954 0.05 £4,980,000 Aroundtown 3% 16/10/2029 5,052 0.09 6/7/2169 £2,423,000 Aroundtown 3.25% 18/7/2027 2,554 0.04 £2,450,000 Babcock International 1.875% 2,339 0.04 £3,450,000 Aroundtown 3.625% 10/4/2031 3,643 0.06 5/10/2026 £3,300,000 Aroundtown 4.75% Perpetual 3,341 0.06 £3,891,000 BAE Systems 4.125% 8/6/2022 4,106 0.07 25/6/2169 £4,100,000 Banco Bilbao Vizcaya 4,080 0.07 £2,345,833 Arqiva Financing 4.882% 2,669 0.05 Argentaria 3.104% 15/7/2031 31/12/2032 £6,400,000 Banco Santander 1.375% 6,481 0.11 £3,195,000 Artesian Finance II 6% 4,916 0.09 31/7/2024 30/9/2033 £5,000,000 Banco Santander 1.75% 4,950 0.09 £2,000,000 Asian Development Bank 2,033 0.04 17/2/2027 Ø 0.625% 15/9/2026 £3,700,000 Banco Santander 2.75% 3,876 0.07 £1,847,000 Asian Development Bank 1,864 0.03 12/9/2023 0.75% 24/3/2022 £5,850,000 Bank of America 2.3% 6,243 0.11 £3,518,000 Asian Development Bank 1% 3,584 0.06 25/7/2025 Ø 15/12/2022 £2,025,000 Bank of America 4.25% 2,408 0.04 £5,800,000 Asian Development Bank 6,040 0.11 10/12/2026 Ø 1.125% 15/12/2025 £2,530,000 Bank of America 5.5% 2,675 0.05 £7,209,000 Asian Development Bank 7,490 0.13 22/11/2021 1.375% 15/12/2023 £5,700,000 Bank of America 6.125% 6,032 0.11 £2,887,000 Asian Development Bank 3,030 0.05 15/9/2021 Ø 1.375% 7/3/2025 £10,900,000 Bank of America 7% 31/7/2028 15,489 0.27 £600,000 ASIF II 6.375% 5/10/2020 603 0.01 £1,200,000 Bank of America 8.125% 1,716 0.03 £4,123,290 Aspire Defence Finance 5,561 0.10 2/6/2028 4.674% 31/3/2040 £1,450,000 Bank of Montreal 1.375% 1,468 0.03 £5,840,666 Aspire Defence Finance 7,878 0.14 29/12/2021Ø 4.674% 31/3/2040 £4,525,000 Bank of Montreal 1.5% 4,692 0.08 £2,140,000 Assura Financing 3% 2,363 0.04 18/12/2024 Ø 19/7/2028 £3,615,000 Bank of Montreal 1.625% 3,693 0.06 £3,813,000 Aster Treasury 4.5% 5,622 0.10 21/6/2022 18/12/2043 £3,865,000 Bank of Nova Scotia/The 3,876 0.07 £2,768,000 AstraZeneca 5.75% 4,065 0.07 0.75% 14/9/2021 Ø 13/11/2031 £3,480,000 Bank of Nova Scotia/The 3,526 0.06 £6,285,000 AT&T 2.9% 4/12/2026 6,873 0.12 1.25% 8/6/2022 £9,301,000 AT&T 4.25% 1/6/2043 11,511 0.20 £1,700,000 Bank of Nova Scotia/The 1,738 0.03 £6,084,000 AT&T 4.375% 14/9/2029 7,376 0.13 1.375% 5/12/2023 £11,273,000 AT&T 4.875% 1/6/2044 15,210 0.27 £2,760,000 Bank of Nova Scotia/The 2,838 0.05 £2,750,000 AT&T 5.2% 18/11/2033 3,729 0.07 1.75% 23/12/2022

69 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£3,541,000 Bank of Scotland 4.875% 4,185 0.07 £4,777,000 BAT International Finance 6% 6,335 0.11 20/12/2024 24/11/2034 £700,000 Bank of Scotland Capital 714 0.01 £3,582,000 BAT International Finance 4,332 0.08 Funding LP 7.754% Perpetual 7.25% 12/3/2024 31/5/2169 £2,300,000 Bayerische Landesbank 1.25% 2,324 0.04 £8,500,000 Banque Federative du Credit 8,694 0.15 20/12/2021 Mutuel 1.25% 5/12/2025 £2,600,000 Bazalgette Finance 2.375% 2,797 0.05 £4,100,000 Banque Federative du Credit 4,151 0.07 29/11/2027 Mutuel 1.375% 20/12/2021 £2,725,000 Becton Dickinson and 3.02% 2,915 0.05 £2,000,000 Banque Federative du Credit 2,076 0.04 24/5/2025 Mutuel 1.5% 7/10/2026 £8,775,000 Berkshire Hathaway Finance 9,834 0.17 £4,200,000 Banque Federative du Credit 4,411 0.08 2.375% 19/6/2039 Mutuel 1.75% 19/12/2024 £6,125,000 Berkshire Hathaway Finance 7,266 0.13 £2,800,000 Banque Federative du Credit 2,892 0.05 2.625% 19/6/2059 Mutuel 1.875% 13/12/2022 £7,934,000 BG Energy Capital 5% 11,736 0.20 £2,200,000 Banque Federative du Credit 2,320 0.04 4/11/2036 Mutuel 2.25% 18/12/2023 £6,285,000 BG Energy Capital 5.125% 7,747 0.14 £8,928,000 Barclays 2.375% 6/10/2023 9,152 0.16 1/12/2025 £5,025,000 Barclays 3% 8/5/2026 5,373 0.09 £3,612,000 BHP Billiton Finance 3.25% 4,021 0.07 £8,922,000 Barclays 3.125% 17/1/2024 9,431 0.16 25/9/2024 £9,813,000 Barclays 3.25% 12/2/2027 10,660 0.19 £8,773,000 BHP Billiton Finance 4.3% 12,654 0.22 £10,203,000 Barclays 3.25% 17/1/2033 11,160 0.19 25/9/2042 £6,000,000 Barclays 3.75% 22/11/2030 6,321 0.11 £4,715,000 BHP Billiton Finance 6.5% 5,158 0.09 22/10/2077 £700,000 Barclays Bank 5.75% 735 0.01 17/8/2021 £261,000 Birmingham Airport Finance 266 0.00 6.25% 22/2/2021 £2,243,000 Barclays Bank 5.75% 2,697 0.05 14/9/2026 £1,891,541 Bishopsgate Asset Finance 2,210 0.04 4.808% 14/8/2044 £1,379,000 Barclays Bank 9.5% 7/8/2021 1,484 0.03 £2,975,000 Blend Funding 3.459% 3,754 0.07 £13,101,000 Barclays Bank 10% 21/5/2021 13,938 0.24 21/9/2049 £8,323,000 Barclays Bank UK 4.25% 8,757 0.15 £3,967,000 BMW Finance 0.875% 12/1/2022 3,989 0.07 16/8/2022Ø £3,193,000 BASF 0.875% 6/10/2023Ø 3,230 0.06 £1,225,000 BMW Finance 2.375% 1,254 0.02 £1,631,000 BASF 1.375% 21/6/2022 1,657 0.03 1/12/2021 £2,191,000 BASF 1.75% 11/3/2025 2,299 0.04 £2,634,000 BMW International Investment 2,650 0.05 £3,555,000 BAT Capital 2.125% 15/8/2025 3,670 0.06 1% 17/11/2021Ø £3,625,000 BAT International Finance 3,653 0.06 £2,840,000 BMW International Investment 2,879 0.05 1.75% 5/7/2021 1.25% 11/7/2022 £4,450,000 BAT International Finance 4,454 0.08 £2,800,000 BMW International Investment 2,860 0.05 2.25% 26/6/2028 1.375% 1/10/2024 £7,053,000 BAT International Finance 5,570 0.10 £2,285,000 BMW International Investment 2,326 0.04 2.25% 9/9/2052 1.75% 19/4/2022 £4,985,000 BAT International Finance 4% 5,594 0.10 £3,001,000 BMW International Investment 3,103 0.05 4/9/2026 1.875% 11/9/2023Ø £3,250,000 BAT International Finance 4% 3,595 0.06 £7,765,000 BNG Bank 1% 15/3/2022Ø 7,853 0.14 23/11/2055 £3,990,000 BNG Bank 1% 17/6/2022 4,043 0.07 £1,921,000 BAT International Finance 2,561 0.04 £4,750,000 BNG Bank 1.25% 15/12/2021 4,814 0.08 5.75% 5/7/2040 £2,000,000 BNG Bank 1.625% 26/8/2025 2,125 0.04 £2,150,000 BAT International Finance 6% 2,347 0.04 Ø 29/6/2022Ø £1,350,000 BNG Bank 5.2% 7/12/2028 1,833 0.03 £1,492,000 BNG Bank 5.375% 7/6/2021 1,551 0.03

BlackRock Collective Investment Funds 70 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£4,025,000 BNP Paribas 1.125% 16/8/2022 4,079 0.07 £3,025,000 BUPA Finance 4.125% 3,219 0.06 £6,600,000 BNP Paribas 1.875% 6,775 0.12 14/6/2035 14/12/2027 £3,020,000 BUPA Finance 5% 25/4/2023 3,249 0.06 £9,175,000 BNP Paribas 3.375% 23/1/2026 10,154 0.18 £3,395,000 BUPA Finance 5% 8/12/2026 3,840 0.07 £2,454,000 BNP Paribas 5.75% 24/1/2022 2,617 0.05 £1,287,000 Cadent Finance 1.125% 1,293 0.02 £2,800,000 Bouygues 5.5% 6/10/2026 3,509 0.06 22/9/2021 £4,670,000 BP Capital Markets 1.177% 4,756 0.08 £8,311,000 Cadent Finance 2.125% 8,778 0.15 12/8/2023 22/9/2028 £2,975,000 BP Capital Markets 1.827% 3,121 0.05 £2,015,000 Cadent Finance 2.25% 2,126 0.04 8/9/2025 10/10/2035 £3,925,000 BP Capital Markets 2.03% 4,131 0.07 £5,824,000 Cadent Finance 2.625% 6,379 0.11 14/2/2025 22/9/2038 £4,650,000 BP Capital Markets 2.274% 5,015 0.09 £6,582,000 Cadent Finance 2.75% 7,335 0.13 3/7/2026 22/9/2046 £10,375,000 BP Capital Markets 4.25% 10,998 0.19 £3,600,000 Cadent Finance 3.125% 4,195 0.07 Perpetual 22/6/2169 21/3/2040 £4,000,000 BPCE 1.375% 23/12/2026 4,087 0.07 £3,420,000 Canadian Imperial Bank of 3,459 0.06 £2,300,000 BPCE 2.125% 16/12/2022 2,384 0.04 Commerce 1.125% 30/6/2022 £6,900,000 BPCE 5.25% 16/4/2029 8,682 0.15 £2,500,000 Canadian Imperial Bank of 2,572 0.04 Commerce 1.625% 25/9/2025Ø £2,950,000 BPHA Finance 4.816% 4,475 0.08 11/4/2044 £2,245,000 Canary Wharf Finance II 3,206 0.06 £3,000,000 British Land 2.375% 14/9/2029 3,025 0.05 5.952% 22/10/2037 £3,990,000 British Telecommunications 4,456 0.08 £1,601,731 Canary Wharf Finance II 1,985 0.03 3.125% 21/11/2031 6.455% 22/10/2033 £2,586,858 Canary Wharf Finance II 6.8% 3,308 0.06 £1,950,000 British Telecommunications 2,287 0.04 3.625% 21/11/2047Ø 22/10/2033 £2,565,000 Cardiff University 3% 3,440 0.06 £6,426,000 British Telecommunications 8,432 0.15 7/12/2055 5.75% 7/12/2028 £950,000 Cargill 5.375% 2/3/2037 1,394 0.02 £3,933,000 British Telecommunications 6,040 0.11 6.375% 23/6/2037 £3,100,000 Catalyst Housing 3.125% 3,718 0.06 31/10/2047 £2,710,000 Broadgate Financing 4.821% 3,631 0.06 5/7/2036 £4,940,000 Centrica 4.25% 12/9/2044 6,422 0.11 £925,000 Broadgate Financing 4.851% 1,190 0.02 £4,106,000 Centrica 4.375% 13/3/2029 4,912 0.09 5/4/2033 £2,000,000 Centrica 6.375% 10/3/2022 2,163 0.04 £1,025,085 Broadgate Financing 4.949% 1,187 0.02 £7,248,000 Centrica 7% 19/9/2033 11,264 0.20 5/4/2031 £2,900,000 Chancellor Masters & Scholars 4,295 0.07 £3,350,000 Broadgate Financing 4.999% 4,032 0.07 of The University of 5/10/2033 Cambridge/The 2.35% £2,149,582 Broadgate Financing 5.098% 2,578 0.05 27/6/2078 5/4/2035 £2,290,000 Chancellor Masters & Scholars 3,781 0.07 £2,300,000 Bromford Housing 3.125% 2,894 0.05 of The University of 3/5/2048 Cambridge/The 3.75% 17/10/2052 £2,840,000 Brown-Forman 2.6% 7/7/2028Ø 3,136 0.05 £2,867,000 Channel Link Enterprises 3,272 0.06 £2,050,000 Bunzl Finance 2.25% 2,146 0.04 Finance 3.848% 30/6/2050 11/6/2025 £2,220,000 Cie de Financement Foncier 2,864 0.05 £2,900,000 BUPA Finance 1.75% 2,921 0.05 5.5% 26/1/2027 14/6/2027 £2,175,000 Cie de Saint-Gobain 4.625% 2,719 0.05 £2,020,000 BUPA Finance 2% 5/4/2024 2,092 0.04 9/10/2029 £882,000 BUPA Finance 3.375% 900 0.02 £2,350,000 Cie de Saint-Gobain 5.625% 2,784 0.05 17/6/2021 15/11/2024

71 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,925,000 Circle Anglia Social Housing 3,037 0.05 £1,900,000 Cooperatieve Rabobank UA 1,940 0.03 5.2% 2/3/2044 1.25% 14/1/2025 £3,260,000 Circle Anglia Social Housing 5,937 0.10 £6,682,000 Cooperatieve Rabobank UA 6,881 0.12 7.25% 12/11/2038 2.25% 23/3/2022 £6,575,000 Citigroup 1.75% 23/10/2026 6,770 0.12 £4,394,000 Cooperatieve Rabobank UA 4,712 0.08 £5,175,000 Citigroup 2.75% 24/1/2024 5,477 0.10 4% 19/9/2022 £1,365,000 Citigroup 4.5% 3/3/2031 1,651 0.03 £2,256,000 Cooperatieve Rabobank UA 2,933 0.05 £90,000 Citigroup 4.5% 3/3/2031 109 0.00 4.55% 30/8/2029 £5,277,000 Citigroup 5.15% 21/5/2026 6,413 0.11 £8,685,000 Cooperatieve Rabobank UA 10,694 0.19 4.625% 23/5/2029 £1,706,000 Citigroup 5.875% 1/7/2024 1,978 0.03 £1,465,000 Cooperatieve Rabobank UA 1,614 0.03 £4,585,000 Citigroup 6.8% 25/6/2038 7,957 0.14 4.875% 10/1/2023 £4,081,000 Citigroup 7.375% 1/9/2039 7,504 0.13 £3,925,000 Cooperatieve Rabobank UA 4,902 0.09 £2,900,000 Citizen Treasury 3.25% 3,661 0.06 5.25% 14/9/2027 20/10/2048 £2,583,000 Cooperatieve Rabobank UA 4,298 0.07 £3,775,000 CK Hutchison Telecom Finance 3,870 0.07 5.25% 23/5/2041 2% 17/10/2027 £3,550,000 Cooperatieve Rabobank UA 7,281 0.13 £2,500,000 CK Hutchison Telecom Finance 2,570 0.04 5.375% 3/8/2060 2.625% 17/10/2034 £1,425,000 Cooperatieve Rabobank UA 2,371 0.04 £1,000,000 Clarion Funding 1.875% 1,020 0.02 6.91% Perpetual 10/12/2168 22/1/2035 £3,355,000 Co-Operative Bank 4.75% 3,494 0.06 £2,750,000 Clarion Funding 2.625% 3,011 0.05 11/11/2021 18/1/2029Ø £2,892,000 Council Of Europe 2,912 0.05 £3,050,000 Clarion Funding 3.125% 3,697 0.06 Development Bank 0.625% 19/4/2048 15/6/2022Ø £2,540,000 Close Brothers 2.75% 2,639 0.05 £4,000,000 Council Of Europe 4,075 0.07 26/4/2023 Development Bank 0.75% £2,050,000 Close Brothers Finance 2.75% 2,184 0.04 22/7/2027 19/10/2026 £4,646,000 Council Of Europe 4,699 0.08 £2,150,000 Close Brothers Finance 2,205 0.04 Development Bank 1.125% 3.875% 27/6/2021 15/12/2021 £5,547,000 Clydesdale Bank 4.625% 6,753 0.12 £5,000,000 Council Of Europe 5,069 0.09 8/6/2026 Development Bank 1.125% £3,600,000 CNP Assurances 7.375% 3,833 0.07 17/3/2022Ø 30/9/2041 £3,400,000 Coventry Building Society 1.5% 3,465 0.06 £6,100,000 Comcast 1.5% 20/2/2029 6,230 0.11 23/1/2023 £6,625,000 Comcast 1.875% 20/2/2036 6,820 0.12 £4,220,000 Coventry Building Society 4,369 0.08 £4,423,000 Comcast 5.5% 23/11/2029 6,055 0.11 1.875% 24/10/2023 £3,000,000 Commerzbank 1.75% 2,966 0.05 £3,371,000 Coventry Building Society 3,738 0.07 22/1/2025 5.875% 28/9/2022 £2,300,000 Commonwealth Bank of 2,322 0.04 £3,124,000 CPI Property 2.75% 22/1/2028 3,013 0.05 Australia 1.125% 22/12/2021 £3,982,000 CPUK Finance 3.588% 4,047 0.07 £6,164,000 Commonwealth Bank of 6,993 0.12 28/2/2042 Australia 3% 4/9/2026 £2,150,000 CPUK Finance 3.69% 2,177 0.04 £5,738,000 Community Finance 1 5.017% 7,854 0.14 28/2/2047 31/7/2034 £2,880,000 CPUK Finance 7.239% 3,261 0.06 £2,275,000 Compass 2% 5/9/2025 2,376 0.04 28/2/2042 Ø £2,800,000 Compass 2% 3/7/2029 2,946 0.05 £1,900,000 Credit Agricole 1.25% 1,947 0.03 £1,570,000 Compass 3.85% 26/6/2026 1,812 0.03 2/10/2024 £6,576,750 Connect Plus M25 Issuer 7,400 0.13 £3,600,000 Credit Agricole 7.375% 4,281 0.07 2.607% 31/3/2039 18/12/2023

BlackRock Collective Investment Funds 72 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£5,913,000 Credit Suisse 2.125% 6,108 0.11 £2,400,000 Deutsche Pfandbriefbank 2,409 0.04 12/9/2025 1.75% 21/11/2022 £6,199,000 Credit Suisse 2.25% 9/6/2028 6,390 0.11 £4,630,000 Deutsche Telekom 3.125% 5,365 0.09 £649,000 Credit Suisse Finance US 7% 653 0.01 6/2/2034 5/10/2020 £1,930,000 Deutsche Telekom International 1,968 0.03 £4,880,000 Credit Suisse Funding 5,217 0.09 Finance 1.25% 6/10/2023 Guernsey 2.75% 8/8/2025 £3,024,000 Deutsche Telekom International 3,224 0.06 Ø £5,150,000 Credit Suisse Funding 5,346 0.09 Finance 2.25% 13/4/2029 Guernsey 3% 27/5/2022 £3,111,000 Deutsche Telekom International 3,352 0.06 £3,365,000 Crh Finance UK 4.125% 4,051 0.07 Finance 2.5% 10/10/2025 2/12/2029 £5,488,000 Deutsche Telekom International 6,005 0.10 £2,579,285 CTRL Section 1 Finance 3,541 0.06 Finance 6.5% 8/4/2022 5.234% 2/5/2035 £1,963,000 Deutsche Telekom International 3,034 0.05 £1,600,000 Daimler International Finance 1,602 0.03 Finance 7.625% 15/6/2030 1.25% 5/9/2022 £1,530,000 Deutsche Telekom International 2,424 0.04 £3,300,000 Daimler International Finance 3,319 0.06 Finance 8.875% 27/11/2028 1.5% 18/8/2021 £8,300,000 Dexia Credit Local 0.5% 8,334 0.15 £4,026,000 Daimler International Finance 4,053 0.07 22/7/2023 1.5% 13/1/2022 £3,900,000 Dexia Credit Local 0.875% 3,924 0.07 £1,800,000 Daimler International Finance 1,817 0.03 7/9/2021 1.625% 11/11/2024 £9,400,000 Dexia Credit Local 1.125% 9,534 0.17 £4,100,000 Daimler International Finance 4,198 0.07 15/6/2022 2% 4/9/2023 £7,000,000 Dexia Credit Local 1.375% 7,166 0.12 £2,536,000 Daimler International Finance 2,582 0.05 7/12/2022 2.125% 7/6/2022 £7,700,000 Dexia Credit Local 1.625% 8,010 0.14 £1,468,000 Daimler International Finance 1,495 0.03 8/12/2023 2.375% 16/12/2021 £6,500,000 Dexia Credit Local 2.125% 6,941 0.12 £1,500,000 Dali Capital 4.79924% 2,015 0.04 12/2/2025 21/12/2037 £4,325,000 Diageo Finance 1.75% 4,579 0.08 £7,025,000 Danske Bank 2.25% 14/1/2028 7,154 0.12 12/10/2026 £1,571,272 Delamare Finance 5.5457% 1,806 0.03 £3,900,000 Diageo Finance 2.875% 4,465 0.08 19/2/2029 27/3/2029 £4,012,292 Derby Healthcare 5.564% 5,688 0.10 £1,800,000 Digital Stout 2.75% 19/7/2024 1,926 0.03 30/6/2041 £3,085,000 Digital Stout 3.3% 19/7/2029Ø 3,510 0.06 £1,693,000 Deutsche Bahn Finance 1,757 0.03 £5,296,000 Digital Stout 3.75% 17/10/2030 6,244 0.11 Ø 1.375% 7/7/2025 £3,405,000 Digital Stout 4.25% 17/1/2025 3,875 0.07 £1,575,000 Deutsche Bahn Finance 1,678 0.03 £2,925,000 Digital Stout 4.75% 13/10/2023 3,252 0.06 1.875% 13/2/2026 £2,150,000 Direct Line Insurance 4% 2,346 0.04 £3,372,000 Deutsche Bahn Finance 2.75% 3,511 0.06 5/6/2032 20/6/2022 £1,870,000 Direct Line Insurance 9.25% 2,120 0.04 £4,533,000 Deutsche Bahn Finance 5,174 0.09 27/4/2042 3.125% 24/7/2026 £3,890,000 Discovery Communications 4,008 0.07 £2,900,000 Deutsche Bank 1.75% 2,906 0.05 2.5% 20/9/2024 Ø 16/12/2021 £3,425,000 DNB Bank 1.375% 12/6/2023 3,510 0.06 £7,800,000 Deutsche Bank 2.625% 7,961 0.14 £2,800,000 DNB Bank 1.625% 15/12/2023 2,900 0.05 16/12/2024 £2,900,000 DP World 4.25% 25/9/2030 3,162 0.06 £3,500,000 Deutsche Bank 3.875% 3,711 0.06 £2,300,000 DS Smith 2.875% 26/7/2029Ø 2,340 0.04 12/2/2024 £2,475,000 DWR Cymru Financing UK 2,470 0.04 £2,500,000 Deutsche Pfandbriefbank 1.5% 2,531 0.04 1.375% 31/3/2033 16/12/2021

73 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£2,350,000 DWR Cymru Financing UK 2,657 0.05 £3,400,000 Electricite de France 6.875% 3,882 0.07 2.5% 31/3/2036 12/12/2022 £450,000 DWR Cymru Financing UK 762 0.01 £3,583,000 Electricity North West 8.875% 5,052 0.09 4.473% 31/3/2057 25/3/2026 £2,663,000 DWR Cymru Financing UK 3,599 0.06 £4,778,000 Enel 5.75% 22/6/2037 7,153 0.12 6.015% 31/3/2028 £4,420,000 Enel 6.625% 15/9/2076 4,624 0.08 £2,472,000 DWR Cymru Financing UK 2,558 0.04 £7,185,000 Enel Finance International 8,558 0.15 6.907% 31/3/2021 5.625% 14/8/2024 £1,930,000 DXC Technology 2.75% 1,949 0.03 £12,268,000 Enel Finance International 18,763 0.33 15/1/2025 5.75% 14/9/2040 £7,200,000 E.ON International Finance 11,171 0.19 £10,050,000 Engie 5% 1/10/2060 18,582 0.32 5.875% 30/10/2037 £4,100,000 Engie 7% 30/10/2028 5,986 0.10 £8,974,000 E.ON International Finance 13,368 0.23 £775,000 ENW Finance 1.415% 778 0.01 6.375% 7/6/2032 30/7/2030 £5,850,000 E.ON International Finance 10,004 0.17 £2,240,000 ENW Finance 6.125% 2,347 0.04 6.75% 27/1/2039 21/7/2021 £1,950,000 East Japan Railway 4.5% 2,762 0.05 £3,575,000 Equinor 4.25% 10/4/2041 5,053 0.09 25/1/2036 £1,895,000 Equinor 6.125% 27/11/2028 2,625 0.05 £2,900,000 East Japan Railway 4.75% 4,009 0.07 £6,498,000 Equinor 6.875% 11/3/2031 10,016 0.17 8/12/2031 £1,230,644 Equity Release Funding No 1,440 0.03 £2,400,000 East Japan Railway 4.875% 3,447 0.06 1 5.7% 26/2/2031 14/6/2034 £1,321,153 Equity Release Funding No 1,608 0.03 £2,200,000 East Japan Railway 5.25% 3,222 0.06 2 5.88% 26/5/2032 22/4/2033 £2,221,356 Equity Release Funding No 2,788 0.05 £2,550,000 Eastern Power Networks 2,625 0.05 3 5.05% 26/4/2033 1.875% 1/6/2035 £1,500,000 ESB Finance DAC 1.875% 1,575 0.03 £1,650,000 Eastern Power Networks 1,769 0.03 21/7/2035 2.125% 25/11/2033 £3,025,000 Euroclear Bank 1.25% 3,124 0.05 £2,965,000 Eastern Power Networks 4.75% 3,099 0.05 30/9/2024 30/9/2021 £813,000 EUROFIMA 5.5% 7/6/2032 1,214 0.02 £3,685,000 Eastern Power Networks 5.75% 4,325 0.08 £400,000 European Bank for 410 0.01 8/3/2024 Reconstruction & Development £2,529,000 Eastern Power Networks 6.25% 4,131 0.07 1.25% 15/12/2022 12/11/2036 £2,390,000 European Bank for 3,535 0.06 £791,000 Eastern Power Networks 8.5% 1,043 0.02 Reconstruction & Development 31/3/2025 5.125% 7/6/2032 £2,295,000 EDP Finance 8.625% 4/1/2024 2,839 0.05 £5,524,000 European Bank for 7,765 0.14 £8,450,000 Electricite de France 5.125% 12,662 0.22 Reconstruction & Development 22/9/2050 5.625% 7/12/2028 £4,900,000 Electricite de France 5.5% 7,024 0.12 £5,464,000 European Investment Bank 0% 5,162 0.09 27/3/2037 7/12/2028 £12,000,000 Electricite de France 5.5% 17,692 0.31 £14,500,000 European Investment Bank 14,769 0.26 17/10/2041 0.75% 14/7/2023Ø £6,454,000 Electricite de France 5.875% 9,051 0.16 £14,900,000 European Investment Bank 15,257 0.27 18/7/2031 0.75% 15/11/2024Ø £12,100,000 Electricite de France 6% 20,298 0.35 £5,000,000 European Investment Bank 5,114 0.09 23/1/2114 0.75% 22/7/2027Ø £12,250,000 Electricite de France 6.125% 18,085 0.32 £20,441,000 European Investment Bank 20,949 0.37 2/6/2034 0.875% 15/12/2023 £4,600,000 Electricite de France 6.25% 6,140 0.11 £18,684,000 European Investment Bank 1% 19,489 0.34 30/5/2028 21/9/2026

BlackRock Collective Investment Funds 74 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£10,454,000 European Investment Bank 10,565 0.18 £1,900,000 Fidelity National Information 1,999 0.03 1.125% 7/9/2021Ø Services 2.25% 3/12/2029 £11,342,000 European Investment Bank 11,929 0.21 £6,775,000 Fidelity National Information 7,302 0.13 1.375% 7/3/2025Ø Services 2.602% 21/5/2025 £19,756,000 European Investment Bank 20,759 0.36 £5,075,000 Fidelity National Information 5,862 0.10 2.5% 31/10/2022 Services 3.36% 21/5/2031 £4,674,000 European Investment Bank 5,773 0.10 £200,000 Fidelity National Information 231 0.00 3.75% 7/12/2027 Services 3.36% 21/5/2031 £10,286,000 European Investment Bank 14,864 0.26 £4,025,000 Finance 6.25% 14/12/2026 4,784 0.08 3.875% 8/6/2037 £1,350,000 First Abu Dhabi Bank 1.375% 1,364 0.02 £3,967,800 European Investment Bank 4,175 0.07 19/2/2023 4.25% 7/12/2021 £1,815,000 Firstgroup 5.25% 29/11/2022Ø 1,833 0.03 £9,529,000 European Investment Bank 12,685 0.22 £2,255,000 Firstgroup 6.875% 18/9/2024 2,426 0.04 4.5% 7/6/2029 £2,317,000 Firstgroup 8.75% 8/4/2021 2,373 0.04 £7,025,000 European Investment Bank 11,939 0.21 £4,329,000 Fiserv 2.25% 1/7/2025 4,598 0.08 4.5% 7/3/2044Ø £4,200,000 Fiserv 3% 1/7/2031 4,713 0.08 £5,991,000 European Investment Bank 11,842 0.21 £500,000 FMS Wertmanagement 0.625% 504 0.01 4.625% 12/10/2054 15/6/2022 £12,401,000 European Investment Bank 5% 20,771 0.36 £10,800,000 FMS Wertmanagement 0.875% 10,908 0.19 15/4/2039 14/2/2022Ø £13,500,000 European Investment Bank 16,766 0.29 £10,200,000 FMS Wertmanagement 1% 10,367 0.18 5.5% 15/4/2025 7/9/2022Ø £19,253,000 European Investment Bank 29,649 0.52 £8,000,000 FMS Wertmanagement 1.125% 8,079 0.14 5.625% 7/6/2032 15/9/2021 £23,335,000 European Investment Bank 6% 33,524 0.58 £4,500,000 FMS Wertmanagement 1.125% 4,603 0.08 7/12/2028 20/3/2023Ø £2,875,000 Eversholt Funding 2.742% 2,958 0.05 £10,700,000 FMS Wertmanagement 1.125% 10,987 0.19 30/6/2040 7/9/2023 £2,905,000 Eversholt Funding 3.529% 3,193 0.06 £2,900,000 FMS Wertmanagement 1.375% 3,040 0.05 7/8/2042 7/3/2025Ø £3,975,000 Eversholt Funding 6.359% 4,879 0.09 £1,165,000 Fonterra Co-operative 9.375% 1,461 0.03 2/12/2025Ø 4/12/2023 £4,850,000 Eversholt Funding 6.697% 6,322 0.11 £2,140,000 Freshwater Finance 4.556% 2,766 0.05 22/2/2035 3/4/2036 £805,777 Exchequer Partnership No 1,109 0.02 £1,560,000 Freshwater Finance 4.607% 2,043 0.04 2 5.396% 13/7/2036 17/10/2036 £4,850,000 Experian Finance 2.125% 5,122 0.09 £3,556,000 Freshwater Finance 5.182% 4,865 0.08 27/9/2024 20/4/2035 £3,575,000 Experian Finance 3.25% 4,178 0.07 £4,920,000 Friends Life 8.25% 21/4/2022 5,481 0.10 7/4/2032 £1,890,000 Gatwick Funding 2.625% 1,636 0.03 £2,700,000 Experian Finance 3.5% 2,766 0.05 7/10/2048 15/10/2021 £2,625,000 Gatwick Funding 2.875% 2,362 0.04 £2,640,000 FCA Bank SpA/Ireland 1.625% 2,630 0.05 5/7/2051 29/9/2021 £2,755,000 Gatwick Funding 3.125% 2,681 0.05 £1,134,000 Fidelity International 6.75% 1,142 0.02 28/9/2041 19/10/2020 £2,425,000 Gatwick Funding 3.25% 2,335 0.04 £2,300,000 Fidelity International 7.125% 2,721 0.05 26/2/2048 13/2/2024 £2,850,000 Gatwick Funding 4.625% 3,285 0.06 £2,700,000 Fidelity National Information 2,739 0.05 27/3/2036 Services 1.7% 30/6/2022

75 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£2,565,000 Gatwick Funding 5.25% 2,793 0.05 £3,845,000 Glencore Finance Europe 6% 4,117 0.07 23/1/2026 3/4/2022 £2,061,000 Gatwick Funding 5.75% 2,647 0.05 £2,600,000 Global Switch 4.375% 2,791 0.05 23/1/2039 13/12/2022 £2,925,000 Gatwick Funding 6.125% 3,435 0.06 £2,708,000 Go-Ahead 2.5% 6/7/2024Ø 2,628 0.05 2/3/2028 £8,765,000 Goldman Sachs 3.125% 9,837 0.17 £3,450,000 Gatwick Funding 6.5% 4,896 0.09 25/7/2029 2/3/2043 £6,115,000 Goldman Sachs 4.25% 7,049 0.12 £5,336,000 Gazprom Via Gaz Capital 5,346 0.09 29/1/2026Ø 5.338% 25/9/2020 £2,360,000 Goldman Sachs 5.5% 2,482 0.04 £1,800,000 GB Social Housing 5.193% 2,513 0.04 12/10/2021 12/2/2040 £3,495,000 Goldman Sachs 6.875% 5,533 0.10 £4,505,000 GE Capital UK Funding 4,776 0.08 18/1/2038 Unlimited 4.125% 13/9/2023 £3,161,000 Goldman Sachs 7.125% 4,068 0.07 £4,792,000 GE Capital UK Funding 5,710 0.10 7/8/2025 Unlimited 5.875% 18/1/2033 £4,671,000 Goldman Sachs 7.25% 6,595 0.11 £3,778,000 GE Capital UK Funding 4,734 0.08 10/4/2028 Unlimited 6.25% 5/5/2038 £3,100,000 Grainger 3% 3/7/2030 3,177 0.06 £4,194,000 GE Capital UK Funding 5,970 0.10 £3,215,000 Grainger 3.375% 24/4/2028 3,413 0.06 Unlimited 8% 14/1/2039 £1,450,000 Great Places Housing 4.75% 2,075 0.04 £4,228,000 General Electric 4.875% 4,175 0.07 22/10/2042 18/9/2037 £3,494,475 Great Rolling Stock 6.5% 4,362 0.08 £2,070,000 General Electric 5.25% 2,369 0.04 5/4/2031 Ø 7/12/2028 £2,633,433 Great Rolling Stock 6.875% 3,342 0.06 £4,140,000 General Electric 5.375% 4,717 0.08 27/7/2035 18/12/2040 £2,100,000 Greene King Finance 3.593% 2,065 0.04 £3,570,000 General Electric 5.5% 7/6/2021 3,669 0.06 15/3/2035 £1,638,000 General Electric 5.625% 1,877 0.03 £1,135,740 Greene King Finance 4.0643% 1,164 0.02 16/9/2031 15/3/2035 £2,315,000 General Motors Financial 2,298 0.04 £3,040,000 Greene King Finance 5.106% 3,300 0.06 2.25% 6/9/2024 15/3/2034 £2,800,000 General Motors Financial 2,774 0.05 £1,375,091 Greene King Finance 5.318% 1,509 0.03 2.35% 3/9/2025 15/9/2031 £2,900,000 Genfinance II 6.064% 4,537 0.08 £4,000,000 Guinness Partnership 2% 4,135 0.07 21/12/2039 22/4/2055 £6,100,000 GlaxoSmithKline Capital 1.25% 6,175 0.11 £2,582,000 Guinness Partnership 4% 3,719 0.06 12/10/2028 24/10/2044 £5,400,000 GlaxoSmithKline Capital 5,469 0.10 £172,512 Guinness Partnership 9.125% 231 0.00 1.625% 12/5/2035 31/1/2025 £4,350,000 GlaxoSmithKline Capital 5,127 0.09 £3,527,016 Gwynt y Mor OFTO 2.778% 3,859 0.07 3.375% 20/12/2027 17/2/2034 £6,579,000 GlaxoSmithKline Capital 4.25% 9,853 0.17 £3,250,000 Hammerson 3.5% 27/10/2025 2,973 0.05 18/12/2045 £2,172,000 Hammerson 6% 23/2/2026 2,188 0.04 £7,910,000 GlaxoSmithKline Capital 5.25% 11,672 0.20 £1,654,000 Hammerson 7.25% 21/4/2028 1,730 0.03 19/12/2033 £2,177,456 Harbour Funding 5.28% 3,026 0.05 £9,045,000 GlaxoSmithKline Capital 5.25% 14,735 0.26 31/3/2044 10/4/2042 £3,325,000 Hastings Finance 3% 3,572 0.06 £8,477,000 GlaxoSmithKline Capital 14,780 0.26 24/5/2025 6.375% 9/3/2039 £2,173,561 Haven Funding 8.125% 3,484 0.06 £4,050,000 Glencore Finance Europe 4,249 0.07 30/9/2037 3.125% 26/3/2026

BlackRock Collective Investment Funds 76 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£4,025,000 Heathrow Funding 2.75% 3,919 0.07 £5,836,000 HSBC Bank Capital Funding 8,097 0.14 9/8/2051 Sterling 1 LP 5.844% Perpetual £6,193,000 Heathrow Funding 4.625% 8,052 0.14 5/11/2168 31/10/2046 £2,550,000 Hutchison Whampoa Finance 3,233 0.06 £5,820,000 Heathrow Funding 5.225% 6,257 0.11 UK 5.625% 24/11/2026 15/2/2023 £5,275,000 Hyde Housing Association 4,736 0.08 £6,827,000 Heathrow Funding 5.875% 9,878 0.17 1.75% 18/8/2055 13/5/2043 £1,495,000 Hyde Housing Association 2,240 0.04 £7,959,000 Heathrow Funding 6.45% 11,063 0.19 5.125% 23/7/2040 10/12/2031 £4,600,000 Iberdrola Finanzas 7.375% 5,613 0.10 £5,854,000 Heathrow Funding 6.75% 7,325 0.13 29/1/2024 3/12/2028 £4,085,000 Imperial Brands Finance 4,890 0.09 £1,550,000 Heathrow Funding 7.075% 2,027 0.04 4.875% 7/6/2032 4/8/2028 £4,260,000 Imperial Brands Finance 5.5% 5,129 0.09 £5,723,000 Heathrow Funding 7.125% 6,447 0.11 28/9/2026 14/2/2024 £5,485,000 Imperial Brands Finance 6,717 0.12 £1,275,000 Heathrow Funding 9.2% 1,326 0.02 8.125% 15/3/2024 29/3/2023 £8,425,000 Imperial Brands Finance 9% 9,414 0.16 £1,423,000 Henkel & 0.875% 13/9/2022 1,433 0.03 17/2/2022 £3,200,000 Henkel & 1% 30/9/2022 3,234 0.06 £2,251,000 Incommunities Treasury 3.25% 2,906 0.05 £3,500,000 Henkel & 1.25% 30/9/2026 3,602 0.06 21/3/2049 £5,091,000 High Speed Rail Finance 6,743 0.12 £5,275,000 Industrial & Commercial Bank 5,325 0.09 1 4.375% 1/11/2038 of China Ltd/London 1.5% 31/7/2022 £1,161,221 Highbury Finance 7.017% 1,271 0.02 20/3/2023 £3,375,000 Informa 3.125% 5/7/2026 3,424 0.06 £2,000,000 Hiscox 2% 14/12/2022 2,013 0.04 £8,400,000 ING Groep 3% 18/2/2026 9,164 0.16 £1,925,000 Hiscox 6.125% 24/11/2045Ø 2,124 0.04 £5,000,000 innogy Finance 4.75% 6,654 0.12 31/1/2034 £3,775,000 Home 3.125% 27/3/2043 4,372 0.08 £3,250,000 innogy Finance 5.5% 6/7/2022 3,535 0.06 £1,775,000 Housing & Care 21 3.288% 2,085 0.04 8/11/2049 £3,637,000 innogy Finance 5.625% 4,202 0.07 6/12/2023 £650,000 Housing & Care 21 3.288% 764 0.01 8/11/2049 £8,750,000 innogy Finance 6.125% 14,128 0.25 6/7/2039 £7,316,000 HSBC 2.175% 27/6/2023 7,438 0.13 £5,728,000 innogy Finance 6.25% 8,060 0.14 £9,205,000 HSBC 2.256% 13/11/2026 9,507 0.17 3/6/2030 £7,889,000 HSBC 2.625% 16/8/2028 8,411 0.15 £4,369,000 innogy Finance 6.5% 4,525 0.08 £7,300,000 HSBC 3% 22/7/2028 7,862 0.14 20/4/2021 £6,125,000 HSBC 3% 29/5/2030 6,598 0.12 £1,880,582 Integrated Accommodation 2,320 0.04 £6,296,000 HSBC 5.75% 20/12/2027 7,716 0.13 Services 6.48% 31/3/2029 £9,289,000 HSBC 6% 29/3/2040 12,327 0.21 £3,800,000 Inter-American Development 3,830 0.07 £5,323,000 HSBC 6.5% 20/5/2024 6,316 0.11 Bank 0.5% 15/9/2026Ø £5,400,000 HSBC 6.75% 11/9/2028 7,054 0.12 £2,765,000 Inter-American Development 2,781 0.05 £5,900,000 HSBC 7% 7/4/2038 8,551 0.15 Bank 0.625% 15/12/2021 £5,148,000 HSBC Bank 4.75% 24/3/2046 6,173 0.11 £3,500,000 Inter-American Development 3,584 0.06 £2,788,000 HSBC Bank 5.375% 4/11/2030 3,273 0.06 Bank 1.25% 15/12/2022 £5,214,000 HSBC Bank 5.375% 22/8/2033 6,832 0.12 £15,751,000 Inter-American Development 16,289 0.28 £1,454,000 HSBC Bank 6.25% 30/1/2041 2,019 0.04 Bank 1.25% 15/12/2023 £100,000 HSBC Bank 6.25% 30/1/2041 139 0.00 £10,000,000 Inter-American Development 10,471 0.18 £2,572,000 HSBC Bank 6.5% 7/7/2023 2,928 0.05 Bank 1.25% 15/12/2025 £15,200,000 Inter-American Development 15,912 0.28 Bank 1.375% 15/12/2024

77 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£495,000 Inter-American Development 514 0.01 £2,625,000 Intesa Sanpaolo 2.5% 2,622 0.05 Bank 5.25% 7/6/2021 15/1/2030 £2,525,000 InterContinental Hotels 2.125% 2,374 0.04 £1,700,000 Intesa Sanpaolo 5.25% 1,789 0.03 24/8/2026 28/1/2022 £3,962,000 InterContinental Hotels 3.75% 4,064 0.07 £3,256,000 Investec 4.5% 5/5/2022 3,391 0.06 14/8/2025 £4,090,000 Investec Bank 4.25% 4,080 0.07 £2,860,000 InterContinental Hotels 3.875% 2,917 0.05 24/7/2028 28/11/2022 £1,687,000 Investec Bank 9.625% 1,845 0.03 £1,522,000 International Bank for 1,525 0.03 17/2/2022 Reconstruction & Development £2,105,000 Investor 5.5% 5/5/2037 3,149 0.05 0.375% 15/6/2021 £4,350,000 Johnson & Johnson 5.5% 5,262 0.09 £10,500,000 International Bank for 10,602 0.18 6/11/2024 Reconstruction & Development £5,885,000 JPMorgan Chase & 3.5% 6,849 0.12 0.5% 24/7/2023 18/12/2026 £2,324,000 International Bank for 2,357 0.04 £3,450,000 JT International Financial 3,832 0.07 Reconstruction & Development Services 2.75% 28/9/2033 0.625% 15/12/2023 £5,408,522 Juturna European Loan 6,808 0.12 £8,800,000 International Bank for 8,866 0.15 Conduit No 16 5.0636% Reconstruction & Development 10/8/2033 0.75% 7/12/2021 £2,979,000 Karbon Homes 3.375% 3,913 0.07 £16,400,000 International Bank for 16,765 0.29 15/11/2047 Reconstruction & Development £3,670,000 Kennedy Wilson Europe Real 3,584 0.06 0.75% 15/12/2026 Estate 3.95% 30/6/2022 £5,700,000 International Bank for 5,885 0.10 £4,580,000 Koninklijke KPN 5% 18/11/2026 5,389 0.09 Reconstruction & Development £6,220,000 Koninklijke KPN 5.75% 7,840 0.14 0.875% 13/12/2024 17/9/2029 £14,034,000 International Bank for 14,301 0.25 £22,382,000 Kreditanstalt fuer 22,628 0.39 Reconstruction & Development Wiederaufbau 0.875% 1% 19/12/2022 15/3/2022 £14,900,000 International Bank for 15,395 0.27 £15,000,000 Kreditanstalt fuer 15,395 0.27 Reconstruction & Development Wiederaufbau 0.875% 1% 21/12/2029 18/7/2024 £8,000,000 International Bank for 8,253 0.14 £5,000,000 Kreditanstalt fuer 5,158 0.09 Reconstruction & Development Wiederaufbau 0.875% 1.25% 7/9/2023Ø 15/9/2026 £939,000 International Bank for 1,263 0.02 £12,835,000 Kreditanstalt fuer 13,080 0.23 Reconstruction & Development Wiederaufbau 1% 15/12/2022 4.875% 7/12/2028 £12,000,000 Kreditanstalt fuer 12,158 0.21 £2,667,000 International Bank for 4,152 0.07 Wiederaufbau 1.125% Reconstruction & Development 7/12/2021 5.75% 7/6/2032 £13,820,000 Kreditanstalt fuer 14,313 0.25 £1,725,000 International Business 1,798 0.03 Wiederaufbau 1.25% Machines 2.625% 5/8/2022 29/12/2023 £10,905,000 International Development 11,120 0.19 £19,000,000 Kreditanstalt fuer 19,905 0.35 Association 0.75% 12/12/2024 Wiederaufbau 1.375% £4,000,000 International Finance 0.75% 4,074 0.07 9/12/2024Ø 22/7/2027 £12,700,000 Kreditanstalt fuer 13,415 0.23 £2,957,000 International Finance 1.25% 3,057 0.05 Wiederaufbau 1.375% 15/12/2023Ø 15/12/2025Ø £8,696,000 International Finance 1.375% 9,124 0.16 7/3/2025

BlackRock Collective Investment Funds 78 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£2,511,000 Kreditanstalt fuer 4,006 0.07 £6,470,000 Landwirtschaftliche 6,665 0.12 Wiederaufbau 4.875% Rentenbank 1.125% 15/3/2037 15/12/2023Ø £1,504,000 Kreditanstalt fuer 1,792 0.03 £5,000,000 Landwirtschaftliche 5,233 0.09 Wiederaufbau 5% 10/9/2024 Rentenbank 1.375% £5,032,000 Kreditanstalt fuer 8,071 0.14 16/12/2024 Wiederaufbau 5% 9/6/2036 £3,791,000 Landwirtschaftliche 3,988 0.07 £5,367,000 Kreditanstalt fuer 6,703 0.12 Rentenbank 1.375% 8/9/2025 Wiederaufbau 5.5% £3,500,000 Landwirtschaftliche 3,680 0.06 18/6/2025Ø Rentenbank 1.375% 8/9/2025Ø £17,600,000 Kreditanstalt fuer 18,332 0.32 £9,292,000 LCR Finance 4.5% 7/12/2028 12,150 0.21 Wiederaufbau 5.55% 7/6/2021 £3,829,000 LCR Finance 4.5% 7/12/2038 6,018 0.10 £13,272,000 Kreditanstalt fuer 20,690 0.36 £8,985,000 LCR Finance 5.1% 7/3/2051 17,876 0.31 Wiederaufbau 5.75% £4,900,000 Legal & General 3.75% 5,086 0.09 Ø 7/6/2032 26/11/2049 £26,923,000 Kreditanstalt fuer 38,661 0.67 £4,100,000 Legal & General 4.5% 4,492 0.08 Wiederaufbau 6% 7/12/2028 1/11/2050 £2,540,000 LafargeHolcim Sterling Finance 2,780 0.05 £3,163,000 Legal & General 5.125% 3,619 0.06 Ø Netherlands 3% 12/5/2032 14/11/2048 £4,375,000 Land Capital Markets 1.974% 4,488 0.08 £4,827,000 Legal & General 5.375% 5,532 0.10 Ø 8/2/2026 27/10/2045 £3,075,000 Land Capital Markets 2.375% 3,246 0.06 £5,228,000 Legal & General 5.5% 6,251 0.11 29/3/2029 27/6/2064 £3,950,000 Land Capital Markets 2.399% 4,191 0.07 £2,600,000 Legal & General 10% 2,807 0.05 8/2/2031 23/7/2041 £2,610,000 Land Capital Markets 2.625% 2,805 0.05 £3,148,000 Legal & General Finance 4,580 0.08 Ø 22/9/2039 5.875% 11/12/2031 £4,136,000 Land Capital Markets 2.75% 4,552 0.08 £1,230,000 Legal & General Finance 1,816 0.03 22/9/2059 5.875% 5/4/2033 £3,300,000 Landesbank Baden- 3,379 0.06 £2,395,000 Lendlease Europe Finance 2,489 0.04 Wuerttemberg 1.5% 3/2/2025 6.125% 12/10/2021 £6,200,000 Landeskreditbank Baden- 6,216 0.11 £1,950,000 Liberty Living Finance 2.625% 1,983 0.03 Wuerttemberg Foerderbank 28/11/2024 0.375% 9/12/2024 £3,075,000 Liberty Living Finance 3.375% 3,110 0.05 £3,022,000 Landeskreditbank Baden- 3,047 0.05 28/11/2029 Wuerttemberg Foerderbank £1,200,000 Libra Longhurst Treasury 1,719 0.03 0.875% 7/3/2022 5.125% 2/8/2038 2,896 0.05 £2,798,000 Landeskreditbank Baden- £2,775,000 Libra Longhurst Treasury NO 3,243 0.06 Wuerttemberg Foerderbank 2 3.25% 15/5/2043 1.375% 15/12/2023 £2,183,000 Linde Finance 5.875% 2,489 0.04 2,020 0.04 £2,000,000 Landwirtschaftliche 24/4/2023 Rentenbank 0.625% £2,625,000 Liverpool Victoria Friendly 2,897 0.05 15/12/2022 Society 6.5% 22/5/2043 £4,000,000 Landwirtschaftliche 4,114 0.07 £1,875,000 LiveWest Treasury 2.25% 1,996 0.03 Rentenbank 0.875% 10/10/2043 15/12/2026 £3,815,000 Lloyds Bank 1.75% 31/3/2022 3,896 0.07 £5,488,000 Landwirtschaftliche 5,524 0.10 Rentenbank 1.125% £13,184,000 Lloyds Bank 4.875% 30/3/2027 16,616 0.29 12/5/2021Ø £10,067,000 Lloyds Bank 5.125% 7/3/2025 12,074 0.21 £9,850,000 Lloyds Bank 6% 8/2/2029 13,790 0.24 £6,961,000 Lloyds Bank 6.5% 17/9/2040 12,122 0.21

79 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£4,675,000 Lloyds Bank 7.5% 15/4/2024 5,769 0.10 £5,800,000 LVMH Moet Hennessy Louis 5,859 0.10 £6,215,000 Lloyds Bank 7.625% 22/4/2025 7,926 0.14 Vuitton 1% 11/2/2023 £2,501,000 Lloyds Bank 9.625% 6/4/2023 3,007 0.05 £7,000,000 LVMH Moet Hennessy Louis 7,044 0.12 £4,800,000 Lloyds Bank 13% Perpetual 8,232 0.14 Vuitton 1.125% 11/2/2027 21/7/2169 £2,600,000 M&G 3.875% 20/7/2049 2,731 0.05 £4,125,000 Lloyds Bank Corporate 4,191 0.07 £5,378,000 M&G 5.56% 20/7/2055 6,033 0.11 Markets 1.5% 23/6/2023 £6,175,000 M&G 5.625% 20/10/2051 7,090 0.12 £4,375,000 Lloyds Bank Corporate 4,487 0.08 £4,650,000 M&G 6.25% 20/10/2068 5,566 0.10 Markets 1.75% 11/7/2024 £5,498,000 M&G 6.34% 19/12/2063 6,717 0.12 £4,000,000 Lloyds Banking 1.875% 4,071 0.07 £2,090,000 Manchester Airport Funding 2,019 0.04 15/1/2026 2.875% 31/3/2039 £11,160,000 Lloyds Banking 2.25% 11,633 0.20 £2,800,000 Manchester Airport Funding 2,598 0.05 16/10/2024 2.875% 30/9/2044 £7,450,000 Logicor 2019-1 UK 1.875% 7,710 0.13 £3,818,000 Manchester Airport Funding 4,084 0.07 17/11/2026 4.125% 2/4/2024 £850,000 Logicor Financing Sarl 2.75% 849 0.01 £3,805,000 Manchester Airport Funding 4,570 0.08 Ø 15/1/2030 4.75% 31/3/2034 £2,990,000 London & Quadrant Housing 3,126 0.05 £1,365,000 Marston’s Issuer 5.1774% 1,374 0.02 Trust 2.25% 20/7/2029 15/7/2032 £2,525,000 London & Quadrant Housing 2,678 0.05 £3,610,000 Martlet Homes 3% 9/5/2052 4,329 0.08 Trust 2.625% 5/5/2026 £3,000,000 MassMutual Global Funding II 3,106 0.05 £1,890,000 London & Quadrant Housing 2,020 0.04 1.375% 15/12/2026Ø Trust 2.625% 28/2/2028 £2,400,000 McDonald’s 2.95% 15/3/2034 2,753 0.05 £2,060,000 London & Quadrant Housing 2,267 0.04 £2,900,000 McDonald’s 4.125% 11/6/2054 4,235 0.07 Trust 2.75% 20/7/2057 £1,276,000 McDonald’s 5.875% 1,852 0.03 £2,690,000 London & Quadrant Housing 3,207 0.06 23/4/2032Ø Trust 3.125% 28/2/2053 £3,695,000 McKesson 3.125% 17/2/2029 3,953 0.07 £1,375,000 London & Quadrant Housing 1,796 0.03 £4,084,000 MDGH - GMTN 6.875% 5,210 0.09 Trust 3.75% 27/10/2049 14/3/2026 £2,650,000 London & Quadrant Housing 3,503 0.06 £2,990,347 Meadowhall Finance 4.986% 3,613 0.06 Trust 4.625% 5/12/2033 12/7/2037 £2,250,000 London & Quadrant Housing 3,491 0.06 £1,472,490 Meadowhall Finance 4.988% 1,809 0.03 Trust 5.486% 15/6/2042 12/7/2037 £2,525,000 London & Quadrant Housing 3,815 0.07 £603,000 Mercantile Investment Trust 825 0.01 Trust 5.5% 27/1/2040 6.125% 25/2/2030 £565,000 London Merchant 6.5% 716 0.01 £1,925,000 Merseylink Issuer 3.842% 2,722 0.05 16/3/2026 31/3/2043 £2,750,000 London Power Networks 3,022 0.05 £3,795,000 MetLife 5.375% 9/12/2024 4,474 0.08 2.625% 1/3/2029 £2,150,000 Metropolitan Funding 4.125% 2,716 0.05 £1,650,000 London Power Networks 1,836 0.03 5/4/2048 5.125% 31/3/2023 £5,320,000 Metropolitan Life Global 5,366 0.09 £2,082,000 London Power Networks 2,733 0.05 Funding I 1.125% 15/12/2021 6.125% 7/6/2027 £615,000 Metropolitan Life Global 625 0.01 £2,078,297 Longstone Finance 4.791% 2,430 0.04 Funding I 1.625% 9/6/2022 19/4/2036 £4,150,000 Metropolitan Life Global 4,296 0.07 £2,585,000 Longstone Finance 4.896% 3,063 0.05 Funding I 1.625% 21/9/2029 19/4/2036 £3,735,000 Metropolitan Life Global 3,894 0.07 £2,138,000 Lunar Funding I 5.75% 3,108 0.05 Funding I 2.625% 5/12/2022 18/10/2033 £2,290,000 Metropolitan Life Global 2,405 0.04 £3,365,000 LVMH Moet Hennessy Louis 3,391 0.06 Funding I 2.875% 11/1/2023 Vuitton 1% 14/6/2022

BlackRock Collective Investment Funds 80 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£5,060,000 Metropolitan Life Global 5,826 0.10 £4,275,000 National Grid Electricity 4,471 0.08 Funding I 3.5% 30/9/2026 Transmission 2% 17/4/2040 £815,647 Mitchells & Butlers Finance 881 0.02 £3,475,000 National Grid Electricity 4,031 0.07 5.574% 15/12/2030 Transmission 2.75% 6/2/2035 £359,539 Mitchells & Butlers Finance 368 0.01 £3,870,000 National Grid Electricity 4,620 0.08 5.965% 15/12/2025 Transmission 4% 8/6/2027 £2,549,508 Mitchells & Butlers Finance 2,700 0.05 £1,237,000 National Grid Electricity 1,439 0.03 6.013% 15/12/2030 Transmission 5.875% 2/2/2024 £8,124,000 Morgan Stanley 2.625% 8,830 0.15 £1,925,000 National Grid Gas 1.375% 1,954 0.03 9/3/2027 7/2/2031Ø £2,850,000 Morhomes 3.4% 19/2/2038 3,239 0.06 £6,458,000 National Westminster Bank 7,441 0.13 £2,900,000 Motability Operations 1.75% 3,055 0.05 5.125% 13/1/2024 3/7/2029 £3,620,000 National Westminster Bank 3,809 0.07 £3,455,000 Motability Operations 2.375% 3,836 0.07 6.5% 7/9/2021 14/3/2032 £2,550,000 Nationwide Building Society 2,573 0.04 £4,425,000 Motability Operations 2.375% 4,926 0.09 1% 24/1/2023 3/7/2039 £2,915,000 Nationwide Building Society 3,265 0.06 £5,101,000 Motability Operations 3.625% 6,580 0.11 3% 6/5/2026 10/3/2036 £5,490,000 Nationwide Building Society 6,385 0.11 £2,625,000 Motability Operations 3.75% 3,054 0.05 3.25% 20/1/2028 16/7/2026 £5,442,000 Nationwide Building Society 6,877 0.12 £3,190,000 Motability Operations 4.375% 3,869 0.07 5.625% 28/1/2026 8/2/2027Ø £2,389,888 Nats En Route 5.25% 2,712 0.05 £2,308,000 Motability Operations 5.375% 2,505 0.04 31/3/2026 28/6/2022 £6,118,000 Natwest 2.875% 19/9/2026 6,499 0.11 £1,540,000 Motability Operations 5.625% 2,189 0.04 £4,750,000 Natwest 3.125% 28/3/2027 5,114 0.09 Ø 29/11/2030 £10,375,000 Natwest 3.622% 14/8/2030 10,960 0.19 £3,500,000 Muenchener 3,823 0.07 £4,602,000 Nestle 1% 11/6/2021 4,626 0.08 Rueckversicherungs- £3,186,000 Nestle Finance International 3,390 0.06 Gesellschaft in Muenchen 2.25% 30/11/2023 6.625% 26/5/2042 £2,950,000 Network Rail Infrastructure 3,196 0.06 £3,915,000 National Australia Bank 1.125% 3,951 0.07 Finance 3% 7/9/2023 10/11/2021 £6,775,000 Network Rail Infrastructure 9,266 0.16 £2,215,000 National Australia Bank 1.375% 2,247 0.04 Finance 4.375% 9/12/2030 Ø 27/6/2022 £6,390,000 Network Rail Infrastructure 7,361 0.13 £2,325,000 National Australia Bank 3% 2,632 0.05 Finance 4.75% 22/1/2024 4/9/2026 £10,606,000 Network Rail Infrastructure 16,306 0.28 £3,745,000 National Australia Bank 5.125% 3,970 0.07 Finance 4.75% 29/11/2035 9/12/2021 £2,950,000 New York Life Global Funding 2,971 0.05 £2,150,000 National Express 2.375% 2,078 0.04 1% 15/12/2021 Ø 20/11/2028 £4,550,000 New York Life Global Funding 4,686 0.08 £3,365,000 National Express 2.5% 3,402 0.06 1.25% 17/12/2026 11/11/2023 £4,225,000 New York Life Global Funding 4,368 0.08 £2,400,000 National Grid Electricity 2,415 0.04 1.625% 15/12/2023 Transmission 1.125% 7/7/2028 £4,460,000 New York Life Global Funding 4,587 0.08 £1,525,000 National Grid Electricity 1,578 0.03 1.75% 15/12/2022 Transmission 1.375% £2,465,000 NewRiver REIT 3.5% 7/3/2028 2,166 0.04 16/9/2026 £3,025,000 Next 3% 26/8/2025 3,091 0.05 £3,375,000 National Grid Electricity 3,565 0.06 £2,300,000 Next 3.625% 18/5/2028 2,348 0.04 Transmission 2% 16/9/2038 £2,550,000 Next 4.375% 2/10/2026Ø 2,767 0.05

81 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,450,000 Next 5.375% 26/10/2021 1,506 0.03 £2,325,000 Notting Hill Genesis 5.25% 3,392 0.06 £8,033,000 NGG Finance 5.625% 9,245 0.16 7/7/2042 18/6/2073 £7,200,000 NRW Bank 1% 15/6/2022 7,295 0.13 £3,000,000 NIBC Bank 3.125% 15/11/2023 3,103 0.05 £2,000,000 NRW Bank 1.25% 15/12/2021 2,026 0.04 £3,165,000 NIE Finance 2.5% 27/10/2025 3,402 0.06 £3,000,000 NRW Bank 1.375% 15/12/2023 3,104 0.05 £3,805,000 NIE Finance 6.375% 2/6/2026 4,932 0.09 £2,067,670 Octagon Healthcare Funding 2,686 0.05 £3,510,000 Nordea Bank 2.375% 2/6/2022 3,630 0.06 5.333% 30/6/2036 £4,863,000 Nordic Investment Bank 4,889 0.09 £4,460,000 Oesterreichische Kontrollbank 4,493 0.08 0.625% 2/11/2021Ø 0.75% 7/3/2022 £4,300,000 Nordic Investment Bank 4,358 0.08 £8,000,000 Oesterreichische Kontrollbank 8,165 0.14 1.125% 16/3/2022 1.125% 15/12/2022 £3,380,000 Nordic Investment Bank 3,450 0.06 £7,000,000 Oesterreichische Kontrollbank 7,225 0.13 1.125% 15/12/2022Ø 1.25% 15/12/2023 £4,686,000 Nordic Investment Bank 4,822 0.08 £909,000 Oesterreichische Kontrollbank 1,273 0.02 1.125% 15/12/2023 5.75% 7/12/2028 £990,000 Nordic Investment Bank 5.2% 1,471 0.03 £4,100,000 OP Corporate Bank 2.5% 4,250 0.07 7/6/2032 20/5/2022 £1,410,000 Northern Electric Finance 2,005 0.04 £1,757,000 Optivo Finance 2.857% 2,013 0.04 5.125% 4/5/2035Ø 7/10/2035 £1,695,000 Northern Gas Networks 2,090 0.04 £1,713,000 Optivo Finance 3.283% 2,105 0.04 Finance 4.875% 30/6/2027 22/3/2048 £2,655,000 Northern Gas Networks 3,740 0.07 £6,200,000 Orange 3.25% 15/1/2032 7,220 0.13 Finance 4.875% 15/11/2035 £2,120,000 Orange 5.25% 5/12/2025 2,589 0.05 £1,565,000 Northern Gas Networks 2,467 0.04 £5,000,000 Orange 5.375% 22/11/2050 8,380 0.15 Finance 5.625% 23/3/2040 £3,156,000 Orange 5.625% 23/1/2034 4,607 0.08 £820,000 Northern Powergrid 7.25% 942 0.02 £4,780,000 Orange 5.75% Perpetual 5,234 0.09 15/12/2022 1/4/2169 £1,700,000 Northern Powergrid Northeast 1,713 0.03 £5,175,000 Orange 5.875% Perpetual 5,493 0.10 1.875% 16/6/2062 7/2/2169 £3,475,000 Northern Powergrid Yorkshire 3,846 0.07 £1,809,000 Orange 7.25% 10/11/2020 1,831 0.03 2.25% 9/10/2059 £4,235,000 Orange 8.125% 20/11/2028 6,465 0.11 £1,690,000 Northern Powergrid Yorkshire 2,403 0.04 £3,075,000 Orbit Capital 3.375% 14/6/2048 3,709 0.06 5.125% 4/5/2035Ø £2,975,000 Orbit Capital 3.5% 24/3/2045 3,606 0.06 £3,125,000 Northumbrian Water Finance 3,230 0.06 £1,825,000 Orsted 2.125% 17/5/2027 1,960 0.03 1.625% 11/10/2026 £2,400,000 Orsted 2.5% 16/5/2033 2,714 0.05 £2,600,000 Northumbrian Water Finance 2,805 0.05 £5,265,000 Orsted 4.875% 12/1/2032 7,240 0.13 2.375% 5/10/2027 £5,662,000 Orsted 5.75% 9/4/2040 9,424 0.16 £2,810,000 Northumbrian Water Finance 4,367 0.08 £2,625,000 Pacific National Finance Pty 2,860 0.05 5.125% 23/1/2042 5% 19/9/2023 £3,521,000 Northumbrian Water Finance 5,172 0.09 £557,424 Pacific Quay Finance 5.5653% 710 0.01 5.625% 29/4/2033 25/7/2034 £2,980,000 Northumbrian Water Finance 3,416 0.06 £1,850,000 Paragon Treasury 3.625% 2,280 0.04 6.875% 6/2/2023 21/1/2047 £2,450,000 Notting Hill Genesis 2.875% 2,646 0.05 £4,350,000 Peabody Capital No 2 3.25% 5,317 0.09 31/1/2029Ø 14/9/2048 £3,275,000 Notting Hill Genesis 3.25% 3,743 0.07 £2,850,000 Peabody Capital No 2 4.625% 4,493 0.08 12/10/2048 12/12/2053 £2,000,000 Notting Hill Genesis 3.75% 2,355 0.04 £2,875,000 Pearson Funding 3.75% 3,080 0.05 20/12/2032 4/6/2030 £1,700,000 Notting Hill Genesis 4.375% 2,392 0.04 20/2/2054

BlackRock Collective Investment Funds 82 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£2,125,000 Penarian Housing Finance 2,376 0.04 £352,142 Quadrant Housing Finance 501 0.01 3.212% 7/6/2052 7.93% 10/2/2033 £2,425,000 Pension Insurance 4.625% 2,652 0.05 £2,475,000 RAC Bond 4.565% 6/5/2046 2,524 0.04 7/5/2031 £5,280,000 RAC Bond 4.87% 6/5/2046 5,243 0.09 £2,865,000 Pension Insurance 5.625% 3,383 0.06 £2,203,000 RCI Banque 1.875% 8/11/2022 2,191 0.04 20/9/2030 £4,075,000 Reckitt Benckiser Treasury 4,206 0.07 £2,650,000 Pension Insurance 6.5% 3,115 0.05 Services 1.75% 19/5/2032 3/7/2024 £3,993,000 Rio Tinto Finance 4% 4,983 0.09 £1,825,000 Pension Insurance 8% 2,380 0.04 11/12/2029 23/11/2026 £1,863,000 Riverside Finance 3.875% 2,512 0.04 £3,845,000 PepsiCo 2.5% 1/11/2022 4,035 0.07 5/12/2044 £12,163,000 Pfizer 2.735% 15/6/2043 14,397 0.25 £3,030,000 Rl Finance Bonds No 3 6.125% 3,700 0.06 £3,600,000 Pfizer 6.5% 3/6/2038Ø 6,402 0.11 13/11/2028 £3,170,000 Phoenix 4.125% 20/7/2022 3,301 0.06 £5,000,000 RL Finance Bonds NO 5,278 0.09 £4,075,000 Phoenix 5.625% 28/4/2031 4,669 0.08 4 4.875% 7/10/2049 £200,000 Phoenix 5.867% 13/6/2029 226 0.00 £3,640,000 RL Finance Bonds No. 4,061 0.07 £4,115,000 Phoenix 6.625% 18/12/2025Ø 4,877 0.09 2 6.125% 30/11/2043 £2,046,000 Places for People Homes 2,286 0.04 £2,901,175 RMPA Services 5.337% 3,979 0.07 3.625% 22/11/2028 30/9/2038 £836,000 Places for People Homes 958 0.02 £5,750,000 Rothesay Life 3.375% 5,940 0.10 5.09% 31/7/2043 12/7/2026 £3,425,000 Places For People Treasury 3,635 0.06 £2,975,000 Rothesay Life 5.5% 17/9/2029 3,250 0.06 2.875% 17/8/2026 £3,770,000 Royal Bank of Canada 1.125% 3,805 0.07 £2,850,000 Platform HG Financing 1.625% 2,649 0.05 22/12/2021 10/8/2055 £2,500,000 Royal Bank of Canada 1.125% 2,524 0.04 £1,880,000 Porterbrook Rail Finance 2,138 0.04 15/12/2025 4.625% 4/4/2029 £4,275,000 Royal Bank of Canada 1.375% 4,398 0.08 £1,541,000 Porterbrook Rail Finance 6.5% 1,554 0.03 9/12/2024 20/10/2020 £3,700,000 RSA Insurance 1.625% 3,782 0.07 £1,758,000 Porterbrook Rail Finance 2,249 0.04 28/8/2024 7.125% 20/10/2026 £2,740,000 RSA Insurance 5.125% 3,102 0.05 Ø £2,910,000 Principality Building Society 2,989 0.05 10/10/2045 2.375% 23/11/2023 £1,198,645 RSL Finance No 1 6.625% 1,752 0.03 £3,975,000 Procter & Gamble 1.375% 4,154 0.07 31/3/2038 3/5/2025Ø £5,925,000 Russian Railways Via RZD 7,911 0.14 £2,275,000 Procter & Gamble 1.8% 2,466 0.04 Capital 7.487% 25/3/2031 3/5/2029 £3,850,000 Sanctuary Capital 2.375% 4,280 0.07 £1,333,000 Procter & Gamble 6.25% 1,926 0.03 14/4/2050 31/1/2030Ø £3,895,000 Sanctuary Capital 5% 6,488 0.11 £3,680,000 Prologis LP 2.25% 30/6/2029Ø 3,948 0.07 26/4/2047 £3,000,000 Prs Finance 1.5% 24/8/2034 3,072 0.05 £1,801,000 Sanctuary Capital 6.697% 3,228 0.06 23/3/2039 £4,497,742 Prs Finance 1.75% 24/11/2026 4,804 0.08 £584,388 Sanctuary Housing Association 908 0.02 £2,670,000 Prs Finance 2% 23/1/2029 2,903 0.05 8.375% 1/9/2031 £2,698,000 Prudential 5.875% 11/5/2029Ø 3,549 0.06 £4,160,000 Santander UK 2.92% 8/5/2026 4,404 0.08 £3,344,000 Prudential 6.125% 19/12/2031Ø 4,376 0.08 £5,360,000 Santander UK 3.625% 5,904 0.10 £2,060,000 Prudential 6.875% 20/1/2023 2,350 0.04 14/1/2026 £2,818,000 QBE Insurance 6.115% 2,984 0.05 £4,240,000 Santander UK 3.875% 5,105 0.09 24/5/2042 15/10/2029 £2,915,000 Quadgas Finance 3.375% 3,063 0.05 £6,295,000 Santander UK 5.25% 8,434 0.15 17/9/2029 16/2/2029Ø

83 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£8,060,000 Santander UK 5.75% 2/3/2026 10,259 0.18 £2,475,000 Sky 4% 26/11/2029 3,069 0.05 £2,680,000 Scania 1.875% 28/6/2022 2,692 0.05 £3,200,000 Sky 6% 21/5/2027 4,244 0.07 £3,535,000 Scentre Trust 1 3.875% 3,811 0.07 £2,500,000 Societe Generale 1.875% 2,550 0.04 16/7/2026 3/10/2024 £2,540,000 Scentre Trust 1 / Scentre Trust 2,559 0.04 £4,995,000 Society of Lloyd’s 4.75% 5,356 0.09 2 2.375% 8/4/2022 30/10/2024 £4,275,000 Scotland Gas Networks 3.25% 4,804 0.08 £2,090,000 Society of Lloyd’s 4.875% 2,238 0.04 8/3/2027 7/2/2047Ø £3,550,000 Scotland Gas Networks 4,956 0.09 £1,075,000 Sodexo 1.75% 26/6/2028 1,086 0.02 4.875% 21/12/2034 £775,000 South East Water Finance 991 0.02 £3,750,000 Scottish Hydro Electric 4,040 0.07 5.5834% 29/3/2029 Transmission 2.25% 27/9/2035 £2,860,000 South Eastern Power Networks 3,537 0.06 £1,753,000 Scottish Power UK 6.75% 2,042 0.04 5.5% 5/6/2026 29/5/2023 £2,175,000 South Eastern Power Networks 3,008 0.05 £7,278,000 Scottish Widows 5.5% 7,992 0.14 5.625% 30/9/2030 16/6/2023 £3,601,000 South Eastern Power Networks 5,426 0.09 £5,410,000 Scottish Widows 7% 16/6/2043 7,607 0.13 6.375% 12/11/2031 £3,140,000 Segro 2.375% 11/10/2029Ø 3,394 0.06 £2,706,000 Southern Electric Power 3,761 0.07 Ø £3,915,000 Segro 2.875% 11/10/2037 4,482 0.08 Distribution 4.625% 20/2/2037 £1,891,000 Segro 5.75% 20/6/2035Ø 2,854 0.05 £3,066,000 Southern Electric Power 4,362 0.08 £6,000 Segro 7% 14/3/2022 6 0.00 Distribution 5.5% 7/6/2032 £1,800,000 Severn Trent Utilities Finance 1,840 0.03 £3,365,000 Southern Gas Networks 2.5% 3,607 0.06 1.625% 4/12/2022 3/2/2025 £2,475,000 Severn Trent Utilities Finance 2,573 0.04 £1,255,000 Southern Gas Networks 3.1% 1,480 0.03 2% 2/6/2040 15/9/2036 £4,615,000 Severn Trent Utilities Finance 5,331 0.09 £1,875,000 Southern Gas Networks 2,108 0.04 2.75% 5/12/2031 4.875% 5/10/2023 £5,335,000 Severn Trent Utilities Finance 6,090 0.11 £1,540,000 Southern Gas Networks 1,988 0.03 Ø 3.625% 16/1/2026 4.875% 21/3/2029 £2,525,000 Severn Trent Utilities Finance 3,885 0.07 £2,775,000 Southern Gas Networks 4,778 0.08 4.875% 24/1/2042 6.375% 15/5/2040 £1,648,000 Severn Trent Utilities Finance 1,951 0.03 £2,775,000 Southern Housing 3.5% 3,427 0.06 6.125% 26/2/2024 19/10/2047 £3,206,000 Severn Trent Utilities Finance 4,549 0.08 £2,200,000 Southern Water Services 2,245 0.04 6.25% 7/6/2029 Finance 2.375% 28/5/2028 £1,280,000 SGSP Australia Assets Pty 1,303 0.02 £2,375,000 Southern Water Services 2,447 0.04 5.125% 11/2/2021 Finance 3% 28/5/2037 £3,400,000 Siemens 3,437 0.06 £2,565,000 Southern Water Services 3,977 0.07 Financieringsmaatschappij Finance 4.5% 31/3/2052 0.875% 5/6/2023 £2,587,000 Southern Water Services 2,647 0.05 £4,500,000 Siemens 4,603 0.08 Finance 5% 31/3/2021 Financieringsmaatschappij 1% £950,000 Southern Water Services 1,404 0.02 20/2/2025 Finance 5% 31/3/2041 £2,800,000 Siemens 3,113 0.05 £520,000 Southern Water Services 908 0.02 Financieringsmaatschappij Finance 5.125% 30/9/2056 2.75% 10/9/2025 £3,348,000 Southern Water Services 4,575 0.08 £5,800,000 Siemens 8,385 0.15 Finance 6.192% 31/3/2029 Financieringsmaatschappij £4,527,000 Southern Water Services 5,640 0.10 3.75% 10/9/2042 Finance 6.64% 31/3/2026 £6,995,000 Skandinaviska Enskilda 7,089 0.12 £2,580,000 Sovereign Housing Capital 2,876 0.05 Banken 1.25% 5/8/2022 2.375% 4/11/2048

BlackRock Collective Investment Funds 84 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£2,858,000 Sovereign Housing Capital 4,432 0.08 £2,600,000 Telefonica Emisiones 5.445% 3,419 0.06 4.768% 1/6/2043 8/10/2029 £830,000 Sovereign Housing Capital 1,362 0.02 £2,795,585 Telereal Secured Finance 3,046 0.05 5.705% 10/9/2039Ø 4.01% 10/12/2033 £3,780,000 SP Distribution 5.875% 4,781 0.08 £1,161,660 Telereal Securitisation 4.9741% 1,315 0.02 17/7/2026 10/12/2033 £3,225,000 SP Manweb 4.875% 20/9/2027 4,008 0.07 £1,855,774 Telereal Securitisation 5.3887% 2,241 0.04 £2,575,000 SP Transmission 2% 2,727 0.05 10/12/2033 13/11/2031 £1,471,822 Telereal Securitisation 5.4252% 1,764 0.03 £1,730,000 SpareBank 1 Boligkreditt 1,793 0.03 10/12/2033 1.75% 18/12/2023 £1,156,403 Telereal Securitisation 5.5534% 1,390 0.02 £2,350,000 SSE 3.625% 16/9/2077 2,403 0.04 10/12/2033 £4,350,000 SSE 3.74% Perpetual 4,524 0.08 £769,521 Telereal Securitisation 5.9478% 937 0.02 14/4/2169 10/12/2033 £2,550,000 SSE 4.25% 14/9/2021 2,646 0.05 £2,640,120 Telereal Securitisation 6.1645% 3,301 0.06 £2,006,000 SSE 5.875% 22/9/2022 2,221 0.04 10/12/2033 £2,910,000 SSE 6.25% 27/8/2038 4,777 0.08 £1,200,000 Temasek Financial I 4.625% 1,294 0.02 26/7/2022 £4,868,000 SSE 8.375% 20/11/2028 7,444 0.13 £4,165,000 Temasek Financial I 5.125% 6,906 0.12 £3,115,000 Stagecoach 4% 29/9/2025 3,114 0.05 26/7/2040 £4,771,000 Standard Chartered 4.375% 6,418 0.11 £1,372,000 Tesco 6.125% 24/2/2022 1,473 0.03 18/1/2038 £4,750,000 Tesco Corporate Treasury 5,027 0.09 £4,601,000 Standard Chartered 5.125% 5,288 0.09 Services 2.5% 2/5/2025 6/6/2034 £4,324,000 Tesco Corporate Treasury 4,573 0.08 £1,900,000 Suez 5.375% 2/12/2030 2,606 0.05 Services 2.75% 27/4/2030 £1,823,000 Sunderland SHG Finance 2,630 0.05 £2,525,000 Tesco Personal Finance 3.5% 2,640 0.05 6.38% 31/3/2042 25/7/2025 £2,100,000 Svensk Exportkredit 1.375% 2,152 0.04 £2,896,538 Tesco Property Finance 4,309 0.08 15/12/2022 1 7.6227% 13/7/2039 £3,000,000 Svensk Exportkredit 1.375% 3,099 0.05 £4,081,410 Tesco Property Finance 5,437 0.09 15/12/2023 2 6.0517% 13/10/2039 £2,855,000 Svenska Handelsbanken 2,915 0.05 £6,996,676 Tesco Property Finance 9,310 0.16 1.625% 18/6/2022 3 5.744% 13/4/2040 £2,500,000 Svenska Handelsbanken 2,595 0.05 £5,227,596 Tesco Property Finance 7,009 0.12 1.625% 15/12/2023Ø 4 5.8006% 13/10/2040 £2,990,000 Svenska Handelsbanken 3,070 0.05 £1,958,665 Tesco Property Finance 2,611 0.05 2.375% 18/1/2022 5 5.6611% 13/10/2041 £1,840,000 Svenska Handelsbanken 1,936 0.03 £7,663,812 Tesco Property Finance 10,078 0.18 2.75% 5/12/2022 6 5.4111% 13/7/2044 £2,575,000 Swan Housing Capital 3.625% 2,875 0.05 £1,275,000 Thames Water Utilities Finance 1,311 0.02 5/3/2048 1.875% 24/1/2024 £2,565,000 Swedbank 1.25% 29/12/2021 2,594 0.05 £3,025,000 Thames Water Utilities Finance 3,096 0.05 £4,590,000 Swedbank 1.625% 28/12/2022 4,716 0.08 2.375% 22/4/2040 £3,510,000 Swedbank Hypotek 1.125% 3,535 0.06 £1,775,000 Thames Water Utilities Finance 1,917 0.03 7/12/2021 2.625% 24/1/2032 £724,909 TC Dudgeon Ofto 3.158% 839 0.01 £2,500,000 Thames Water Utilities Finance 2,833 0.05 12/11/2038 3.5% 25/2/2028 £5,650,000 Telefonica Emisiones 5.289% 6,220 0.11 £4,290,000 Thames Water Utilities Finance 4,864 0.08 9/12/2022 4% 19/6/2025 £4,863,000 Telefonica Emisiones 5.375% 5,908 0.10 £2,000,000 Thames Water Utilities Finance 2,571 0.04 2/2/2026 4.375% 3/7/2034

85 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£4,400,000 Thames Water Utilities Finance 6,325 0.11 £3,040,000 Transport for London 2.25% 3,133 0.05 4.625% 4/6/2046 9/8/2022 £4,999,000 Thames Water Utilities Finance 7,087 0.12 £2,799,000 Transport for London 3.625% 3,810 0.07 5.125% 28/9/2037 15/5/2045 £4,483,000 Thames Water Utilities Finance 6,800 0.12 £3,825,000 Transport for London 3.875% 5,291 0.09 5.5% 11/2/2041 23/7/2042 £1,500,000 Thames Water Utilities Finance 2,212 0.04 £2,725,000 Transport for London 4% 3,589 0.06 6.5% 9/2/2032 12/9/2033 £3,270,000 Thames Water Utilities Finance 4,560 0.08 £4,990,000 Transport for London 4% 8,249 0.14 6.75% 16/11/2028 7/4/2064 £2,760,000 Thames Water Utilities Finance 5,734 0.10 £1,175,000 Transport for London 4.5% 1,435 0.03 7.738% 9/4/2058 31/3/2031 £904,000 THFC Funding No 1 5.125% 1,297 0.02 £1,765,000 Transport for London 5% 2,394 0.04 21/12/2037 31/3/2035 £2,389,000 THFC Funding No 2 6.35% 3,993 0.07 £2,110,000 Tritax Big Box REIT 2.625% 2,264 0.04 8/7/2041 14/12/2026 £11,081,000 THFC Funding No 3 5.2% 17,298 0.30 £2,000,000 Tritax Big Box REIT 3.125% 2,227 0.04 11/10/2043 14/12/2031Ø £5,151,000 Time Warner Cable 5.25% 6,548 0.11 £2,795,000 TSB Banking 5.75% 6/5/2026 2,819 0.05 15/7/2042 £2,265,000 Unilever 1.125% 3/2/2022 2,294 0.04 £5,043,000 Time Warner Cable 5.75% 6,401 0.11 £4,350,000 Unilever 1.375% 15/9/2024Ø 4,534 0.08 2/6/2031 £3,500,000 Unilever 1.5% 22/7/2026 3,702 0.06 £2,202,000 Together Housing Finance 3,215 0.06 £1,400,000 Unilever 1.875% 15/9/2029Ø 1,530 0.03 4.5% 17/12/2042 £2,200,000 UNITE 3.5% 15/10/2028 2,280 0.04 £1,800,000 Toronto-Dominion Bank/The 1% 1,812 0.03 £3,000,000 UNITE USAF II 3.374% 3,113 0.05 13/12/2021 30/6/2028 £2,561,000 Total Capital International 2,648 0.05 £3,010,000 UNITE USAF II 3.921% 3,275 0.06 1.25% 16/12/2024 30/6/2030 £3,900,000 Total Capital International 4,020 0.07 £3,850,000 United Parcel Service 5.125% 6,369 0.11 1.405% 3/9/2031 12/2/2050 £4,300,000 Total Capital International 4,529 0.08 £855,000 United Utilities Water 5% 1,247 0.02 1.66% 22/7/2026 28/2/2035Ø £2,611,000 Total Capital International 2,751 0.05 £3,030,000 United Utilities Water 5.625% 4,021 0.07 1.75% 7/7/2025Ø 20/12/2027Ø £2,191,000 Total Capital International 2,258 0.04 £2,400,000 United Utilities Water 5.75% 2,596 0.05 2.25% 9/6/2022 25/3/2022 £2,740,000 Toyota Finance Australia 2,789 0.05 £2,500,000 United Utilities Water Finance 2,535 0.04 1.625% 11/7/2022 1.75% 10/2/2038 £2,995,000 Toyota Motor Credit 1% 3,019 0.05 £2,450,000 United Utilities Water Finance 2,499 0.04 27/9/2022 1.875% 3/6/2042 £2,675,000 Toyota Motor Credit 1.125% 2,692 0.05 £5,050,000 United Utilities Water Finance 5,342 0.09 7/9/2021 2% 14/2/2025 £2,750,000 Toyota Motor Finance 2,804 0.05 £2,625,000 United Utilities Water Finance 2,832 0.05 Netherlands 1.375% 23/5/2023 2% 3/7/2033 Ø £4,335,000 TP ICAP 5.25% 26/1/2024 4,691 0.08 £5,025,000 United Utilities Water Finance 5,717 0.10 Ø £2,025,000 TP ICAP 5.25% 29/5/2026 2,252 0.04 2.625% 12/2/2031 £1,819,203 Trafford Centre Finance 6.5% 2,362 0.04 £2,285,000 University of Leeds 3.125% 3,030 0.05 28/7/2033 19/12/2050 £4,990,000 Transport for London 2.125% 5,308 0.09 £1,000,000 University of Leeds 3.125% 1,328 0.02 24/4/2025 19/12/2050

BlackRock Collective Investment Funds 86 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,955,000 University of Liverpool 3.375% 2,953 0.05 £3,900,000 Volkswagen Financial Services 3,929 0.07 25/6/2055 1.875% 7/9/2021 £2,288,000 University of Manchester 3,911 0.07 £4,700,000 Volkswagen Financial Services 4,775 0.08 4.25% 4/7/2053Ø 1.875% 3/12/2024 £8,756,000 University of Oxford 2.544% 12,123 0.21 £2,100,000 Volkswagen Financial Services 2,156 0.04 8/12/2117 2.125% 27/6/2024 £2,860,000 University of Southampton 3,306 0.06 £2,252,000 Volkswagen Financial Services 2,327 0.04 2.25% 11/4/2057 2.25% 12/4/2025 £2,776,003 UPP Bond 1 Issuer 4.9023% 3,330 0.06 £3,300,000 Volkswagen Financial Services 3,446 0.06 28/2/2040 2.75% 10/7/2023 £6,773,000 Vattenfall 6.875% 15/4/2039 12,239 0.21 £3,100,000 Volkswagen Financial Services 3,498 0.06 £5,650,000 Veolia Environnement 6.125% 9,300 0.16 4.25% 9/10/2025 29/10/2037 £3,400,000 Volkswagen International 3,727 0.07 £4,625,000 Verizon Communications 4,814 0.08 Finance 3.375% 16/11/2026 1.875% 19/9/2030 £3,800,000 Volkswagen International 4,450 0.08 £4,300,000 Verizon Communications 2.5% 4,749 0.08 Finance 4.125% 17/11/2031 8/4/2031 £2,900,000 Wales & West Utilities Finance 2,916 0.05 £4,250,000 Verizon Communications 5,076 0.09 1.875% 28/5/2041 3.125% 2/11/2035 £3,565,000 Wales & West Utilities Finance 4,279 0.07 £9,197,000 Verizon Communications 11,281 0.20 3% 3/8/2038 3.375% 27/10/2036 £2,050,000 Wales & West Utilities Finance 2,312 0.04 £3,611,000 Verizon Communications 4,081 0.07 4.625% 13/12/2023 4.073% 18/6/2024 £1,824,000 Wales & West Utilities Finance 2,546 0.04 £2,660,000 Verizon Communications 3,644 0.06 5.75% 29/3/2030 4.75% 17/2/2034 £2,450,000 Walgreens Boots Alliance 3.6% 2,597 0.05 £2,425,000 Vicinity Centres Trust 3.375% 2,539 0.04 20/11/2025 7/4/2026 £1,893,000 Walmart 4.875% 19/1/2039Ø 2,975 0.05 £2,600,000 Vinci 2.25% 15/3/2027 2,771 0.05 £8,955,000 Walmart 5.25% 28/9/2035 13,940 0.24 £3,600,000 Vinci 2.75% 15/9/2034Ø 4,068 0.07 £8,753,000 Walmart 5.625% 27/3/2034 13,567 0.24 £2,550,000 Virgin Money UK 3.125% 2,541 0.04 £3,170,000 Walmart 5.75% 19/12/2030 4,659 0.08 22/6/2025 £6,429,000 Wellcome Trust 2.517% 9,023 0.16 £3,220,000 Virgin Money UK 3.375% 3,225 0.06 7/2/2118 24/4/2026 £3,790,000 Wellcome Trust 4% 9/5/2059 6,862 0.12 £4,575,000 Virgin Money UK 4% 25/9/2026 4,713 0.08 £3,688,000 Wellcome Trust Finance 5,712 0.10 £2,175,000 Virgin Money UK 4% 3/9/2027 2,232 0.04 4.625% 25/7/2036 £8,485,000 Vodafone 3% 12/8/2056 9,116 0.16 £2,380,000 Wellcome Trust Finance 4.75% 2,457 0.04 £7,246,000 Vodafone 3.375% 8/8/2049 8,305 0.14 28/5/2021 £1,423,000 Vodafone 5.625% 4/12/2025Ø 1,768 0.03 £4,604,000 Wells Fargo 1.375% 30/6/2022 4,649 0.08 £3,803,000 Vodafone 5.9% 26/11/2032 5,577 0.10 £7,064,000 Wells Fargo & 2% 28/7/2025 7,357 0.13 £3,770,000 Volkswagen Financial Services 3,775 0.07 £5,520,000 Wells Fargo & 2.125% 5,640 0.10 1.5% 12/4/2021 22/4/2022 £2,600,000 Volkswagen Financial Services 2,620 0.05 £5,925,000 Wells Fargo & 2.125% 6,146 0.11 1.625% 9/6/2022Ø 20/12/2023 £2,900,000 Volkswagen Financial Services 2,929 0.05 £3,900,000 Wells Fargo & 2.125% 4,028 0.07 1.625% 30/11/2022 24/9/2031 £1,200,000 Volkswagen Financial Services 1,213 0.02 £5,350,000 Wells Fargo & 2.5% 2/5/2029 5,703 0.10 1.625% 10/2/2024 £4,560,000 Wells Fargo & 3.5% 12/9/2029 5,230 0.09 £1,890,000 Volkswagen Financial Services 1,915 0.03 £7,697,000 Wells Fargo & 4.625% 10,430 0.18 1.75% 12/9/2022Ø 2/11/2035

87 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£6,100,000 Wells Fargo & 4.875% 7,919 0.14 £6,970,000 Westfield Stratford City Finance 6,994 0.12 29/11/2035 NO 2 1.642% 4/8/2031Ø £7,400,000 Wells Fargo Bank NA 5.25% 8,314 0.14 £3,960,000 Westpac Banking 1% 3,995 0.07 1/8/2023 30/6/2022 £3,385,000 Welltower 4.5% 1/12/2034 3,864 0.07 £1,500,000 Westpac Banking 2.125% 1,593 0.03 £5,390,000 Welltower 4.8% 20/11/2028 6,230 0.11 2/5/2025 £3,150,000 Wessex Water Services 3,183 0.06 £3,455,000 Westpac Banking 2.625% 3,606 0.06 Finance 1.5% 17/9/2029 14/12/2022 £2,800,000 Wessex Water Services 2,900 0.05 £2,375,000 Wheatley Capital 4.375% 3,266 0.06 Finance 4% 24/9/2021 28/11/2044 £1,998,000 Wessex Water Services 2,582 0.05 £1,650,000 WHG Treasury 4.25% 2,277 0.04 Finance 5.375% 10/3/2028 6/10/2045 £1,792,000 Wessex Water Services 2,684 0.05 £4,450,000 Whitbread 3.375% 16/10/2025 4,457 0.08 Finance 5.75% 14/10/2033 £2,239,496 White City Property Finance 2,904 0.05 £1,975,000 Western Power Distribution 2,173 0.04 5.1202% 17/4/2035 3.5% 16/10/2026 £3,075,000 Wm Morrison Supermarkets 3,264 0.06 £3,960,000 Western Power Distribution 4,210 0.07 2.5% 1/10/2031 3.625% 6/11/2023 £2,100,000 Wm Morrison Supermarkets 2,368 0.04 £975,000 Western Power Distribution 1,007 0.02 3.5% 27/7/2026 East Midlands 1.75% 9/9/2031 £2,115,000 Wm Morrison Supermarkets 2,373 0.04 £6,143,000 Western Power Distribution 6,819 0.12 4.625% 8/12/2023 East Midlands 5.25% £2,240,000 Wm Morrison Supermarkets 2,789 0.05 17/1/2023 4.75% 4/7/2029Ø £1,600,000 Western Power Distribution 2,741 0.05 £2,200,000 WPP Finance 3.75% 19/5/2032 2,330 0.04 East Midlands 6.25% £3,375,000 WPP Finance 2013 2.875% 2,973 0.05 10/12/2040 14/9/2046 £2,700,000 Western Power Distribution 4,356 0.08 £2,125,000 Wrekin Housing 2.5% 2,398 0.04 South Wales 5.75% 23/3/2040 22/10/2048 £640,000 Western Power Distribution 650 0.01 £1,975,000 Yorkshire Building Society 3% 2,090 0.04 South Wales 9.25% 9/11/2020 18/4/2025 £2,375,000 Western Power Distribution 2,560 0.04 £2,575,000 Yorkshire Building Society 2,692 0.05 Ø South West 2.375% 16/5/2029 3.375% 13/9/2028 £1,150,000 Western Power Distribution 1,855 0.03 £3,315,000 Yorkshire Building Society 3,718 0.06 South West 5.75% 23/3/2040 3.5% 21/4/2026 £2,008,000 Western Power Distribution 2,593 0.05 £2,800,000 Yorkshire Power Finance 7.25% 3,967 0.07 South West 5.875% 25/3/2027 4/8/2028Ø £3,540,000 Western Power Distribution 3,950 0.07 £3,425,000 Yorkshire Water Finance 1.75% 3,503 0.06 West Midlands 3.875% 26/11/2026 17/10/2024 £4,675,000 Yorkshire Water Finance 2.75% 5,277 0.09 £6,692,000 Western Power Distribution 9,635 0.17 18/4/2041 West Midlands 5.75% £3,000,000 Yorkshire Water Finance 3,480 0.06 16/4/2032 3.625% 1/8/2029Ø £3,000,000 Western Power Distribution 3,691 0.06 £1,831,000 Yorkshire Water Finance 3,123 0.05 West Midlands 6% 9/5/2025 6.375% 19/8/2039 £2,850,000 Westfield America 2,830 0.05 £1,200,000 Yorkshire Water Finance 1,566 0.03 Management 2.125% 6.454% 28/5/2027 30/3/2025 £1,167,000 Yorkshire Water Finance 1,329 0.02 £3,545,000 Westfield America 3,509 0.06 6.5876% 21/2/2023 Management 2.625% £2,160,000 Yorkshire Water Finance 3,202 0.06 30/3/2029 6.6011% 17/4/2031

BlackRock Collective Investment Funds 88 iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,350,000 Yorkshire Water Services 2,113 0.04 £4,960,000 Kommunalbanken 1.125% 5,057 0.09 Finance 5.5% 28/5/2037 30/11/2022 £3,035,000 Zurich Finance UK 6.625% 3,360 0.06 £3,000,000 Kommunalbanken 1.5% 3,123 0.06 Perpetual 2/10/2168 15/12/2023 £2,890,000 Kommunekredit 1.375% 2,955 0.05 5,415,230 94.36 12/10/2022Ø UK Sterling Denominated Government £2,000,000 Korea Development Bank/The 2,043 0.04 Bonds − 3.89%; 29.2.2020 3.18% 1.75% 15/12/2022 £4,200,000 BNG Bank 0.375% 4,203 0.07 £3,000,000 Kuntarahoitus 1.25% 7/12/2022 3,068 0.05 15/12/2025Ø £8,290,000 Mexico Government 8,704 0.15 £2,000,000 Bpifrance Financement 0.75% 2,014 0.04 International Bond 5.625% 22/7/2022 19/3/2114 £800,000 Caisse des Depots et 805 0.01 £3,651,000 Mexico Government 4,193 0.07 Consignations 0.5% 21/7/2023 International Bond 6.75% Ø £3,000,000 Caisse des Depots et 3,022 0.05 6/2/2024 Consignations 0.875% £3,550,000 Nederlandse 3,525 0.06 15/12/2021 Waterschapsbank 0.25% £395,000 Caisse Francaise de 507 0.01 15/12/2025 Financement Local 5.5% £1,700,000 Nederlandse 1,715 0.03 16/7/2026 Waterschapsbank 0.875% Ø £8,175,000 China Development Bank 8,222 0.14 20/12/2021 1.25% 21/1/2023 £4,298,000 Nederlandse 6,442 0.11 £8,300,000 CPPIB Capital 0.375% 8,308 0.15 Waterschapsbank 5.375% Ø 25/7/2023 7/6/2032 £5,000,000 CPPIB Capital 0.875% 5,101 0.09 £5,307,000 Province of Alberta Canada 5,352 0.09 17/12/2024 1% 15/11/2021 £7,000,000 CPPIB Capital 1.125% 7,111 0.12 £3,000,000 Province of Alberta Canada 3,077 0.05 14/12/2029 1.5% 15/12/2022 £1,195,000 Development Bank of Japan 1,213 0.02 £3,090,000 Province of Manitoba Canada 3,104 0.05 1.125% 28/4/2023 0.75% 15/12/2021 £4,000,000 Export Development Canada 4,035 0.07 £1,900,000 Province of Manitoba Canada 1,947 0.03 0.875% 7/12/2021Ø 1.5% 15/12/2022 £2,900,000 Export Development Canada 3,001 0.05 £8,300,000 Province of Ontario Canada 8,316 0.15 1.375% 8/12/2023 0.5% 15/12/2023 £140,000 Federal National Mortgage 145 0.00 £2,100,000 Province of Quebec Canada 2,126 0.04 Association 5.375% 7/6/2021 0.75% 13/12/2024 £3,174,000 Federal National Mortgage 4,315 0.08 £2,700,000 Province of Quebec Canada 2,722 0.05 Ø Association 5.375% 7/12/2028 0.875% 24/5/2022 £1,532,000 Isle of Man Government 2,303 0.04 £4,090,000 Province of Quebec Canada 4,235 0.07 International Bond 5.375% 1.5% 15/12/2023 14/8/2034 £1,538,000 Republic of Italy Government 1,937 0.03 £2,100,000 Jersey International Bond 3,205 0.06 International Bond 5.25% 3.75% 9/6/2054 7/12/2034 £300,000 Kingdom of Belgium 452 0.01 £12,350,000 Republic of Italy Government 15,473 0.27 Government International Bond International Bond 6% 5.7% 28/5/2032 4/8/2028 £2,300,000 Kommunalbanken 1% 2,364 0.04 £4,782,000 SNCF Reseau 4.83% 8,878 0.16 12/12/2024 25/3/2060 £4,500,000 Kommunalbanken 1.125% 4,550 0.08 £4,717,000 SNCF Reseau 5% 11/3/2052 8,421 0.15 15/12/2021 £6,436,000 SNCF Reseau 5.25% 8,607 0.15 7/12/2028

89 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£5,345,000 SNCF Reseau 5.25% 8,050 0.14 COLLECTIVE INVESTMENT 31/1/2035 SCHEMES − 0.53%; 29.2.2020 0.06% £5,846,000 SNCF Reseau 5.5% 1/12/2021 6,218 0.11 Short-term Money Market Funds − 0.53%; 29.2.2020 0.06% £4,164,000 Societe Nationale SNCF 5,316 0.09 304,367 BlackRock ICS Sterling Liquid 30,440 0.53 5.375% 18/3/2027 Environmentally Aware Fund - £1,598,000 Spain Government 2,027 0.04 Agency Income Class† International Bond 5.25% 6/4/2029 Portfolio of investments 5,668,854 98.78 £2,138,000 States of Guernsey Bond 2,889 0.05 3.375% 12/12/2046 Net other assets 69,844 1.22 £1,621,000 Tennessee Valley Authority 2,544 0.05 Total net assets 5,738,698 100.00 4.625% 7/6/2043 Unless otherwise stated, all securities are either listed on a recognised exchange or traded on an £591,000 Tennessee Valley Authority 613 0.01 eligible securities market. 5.35% 7/6/2021 Ø All or a portion of this investment represents a security on loan. £2,349,000 Tennessee Valley Authority 3,504 0.06 † Managed by a related party. 5.625% 7/6/2032 £7,500,000 United Kingdom Gilt 4.25% 12,127 0.21 7/9/2039

223,184 3.89

BlackRock Collective Investment Funds 90 iShares Corporate Bond Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 11,576 319,659 Revenue 63,601 61,056 Expenses (2,050) (2,100) Net revenue before taxation 61,551 58,956 Taxation – – Net revenue after taxation 61,551 58,956 Total return before distributions 73,127 378,615 Distributions (61,551) (58,956) Change in net assets attributable to unitholders from investment activities 11,576 319,659

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 5,524,088 4,410,257 Amounts receivable on issue of units 680,596 788,705 Amounts payable on cancellation of units (538,427) (336,980) 142,169 451,725 Change in net assets attributable to unitholders from investment activities 11,576 319,659 Retained distribution on accumulation units 60,865 59,220 Closing net assets attributable to unitholders 5,738,698 5,240,861 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

91 BlackRock Collective Investment Funds iShares Corporate Bond Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 5,668,854 5,446,927 Current assets − Debtors 133,906 144,382 − Cash and bank balances 2,768 2,546 Total assets 5,805,528 5,593,855

Liabilities: Creditors − Distributions payable (1,818) (1,521) − Other creditors (65,012) (68,246) Total liabilities (66,830) (69,767) Net assets attributable to unitholders 5,738,698 5,524,088

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 92 iShares Emerging Markets Equity Index Fund (UK)

About the Fund

The Fund is a sub-fund of BlackRock Collective Investment Funds (previously known as BlackRock Qualified Investor Schemes (1)), a UCITS scheme under the COLL Sourcebook. The Fund was authorised by the FCA on 27 October 2009 and the Fund was launched on 20 November 2009. The Fund’s FCA product reference number is 645674.

Risk and Reward Profile

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

93 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 4,304,388 7,177 166.7 L Income 149,779 207 138.1 L Accumulation 299,977,798 516,862 172.3 X Income 32,905,181 34,567 105.1 X Accumulation 862,451,412 1,393,140 161.5 D Income 19,922,521 20,120 101.0 D Accumulation 203,888,236 346,645 170.0 H Income 3,776,353 5,876 155.6 H Accumulation 158,770,495 269,015 169.4

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 2.4363 L Income 2.2337 L Accumulation 2.7422 X Income 1.7835 X Accumulation 2.6915 D Income 1.6918 D Accumulation 2.7570 H Income 2.5654 H Accumulation 2.7475

BlackRock Collective Investment Funds 94 iShares Emerging Markets Equity Index Fund (UK)

Performance Record continued

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.60% 0.62% L Income 0.25% 0.27% L Accumulation 0.25% 0.27% X Income 0.05% 0.08% X Accumulation 0.05% 0.08% D Income 0.18% 0.17% D Accumulation 0.17% 0.20% H Income 0.17% 0.20% H Accumulation 0.17% 0.20% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

95 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

1,088,418 MTNØ 2,928 0.11 AFRICA − 4.08%; 29.2.2020 4.89% 249,489 MultiChoice 1,066 0.04 EQUITIES − 4.08%; 29.2.2020 4.89% 249,181 Naspers 33,974 1.31 230,820 Nedbank 975 0.04 Egypt − 0.10%; 29.2.2020 0.14% 884,700 Netcare 487 0.02 700,868 Commercial 2,213 0.09 117,070 Ninety One 238 0.01 International Bank Egypt 209,815 Northam Platinum 1,480 0.06 151,701 Egypt Kuwait 127 0.00 2,650,862 Old Mutual 1,308 0.05 351,917 ElSewedy Electric 122 0.00 439,275 Pepkor 188 0.01 625,414 Talaat Moustafa 197 0.01 212,599 Pick n Pay Stores 391 0.02 159,840 Telecom Egypt 101 0.00 94,417 PSG 187 0.01 2,760 0.10 436,089 Rand Merchant Investment 578 0.02 Ø South Africa − 3.98%; 29.2.2020 4.75% 4,017,397 Redefine Properties 436 0.02 420,114 Absa 1,431 0.06 297,896 Remgro 1,155 0.04 Ø 52,871 African Rainbow 496 0.02 219,385 Resilient REIT 377 0.01 MineralsØ 91,744 Reunert 126 0.00 37,823 Anglo American 2,108 0.08 637,685 RMB 35 0.00 PlatinumØ 1,057,063 Sanlam 2,562 0.10 246,791 AngloGold Ashanti 5,382 0.21 21,225 Santam 229 0.01 219,600 Aspen Pharmacare 1,315 0.05 282,260 Sappi 277 0.01 193,820 AVIØ 590 0.02 317,524 Sasol 1,940 0.07 127,342 BarloworldØ 336 0.01 281,315 Shoprite 1,370 0.05 190,501 Bid 2,347 0.09 1,313,019 Sibanye StillwaterØ 2,969 0.11 211,672 BidvestØ 1,269 0.05 115,214 SPAR 821 0.03 43,324 Capitec Bank 1,595 0.06 748,074 Standard Bank 3,482 0.13 149,309 Clicks 1,514 0.06 169,057 Telkom SOC 168 0.01 154,352 Coronation Fund 290 0.01 93,928 Tiger Brands 714 0.03 Managers 226,410 Truworths International 303 0.01 196,306 Dis-Chem PharmaciesØ 158 0.01 271,783 Tsogo Sun Gaming 44 0.00 237,049 Discovery 1,265 0.05 347,053 VodacomØ 1,953 0.08 36,728 DistellØ 116 0.00 553,108 Vukile Property FundØ 120 0.00 161,808 Exxaro Resources 979 0.04 499,700 Woolworths 699 0.03 2,694,880 FirstRand 4,497 0.17 103,464 3.98 735,245 Fortress REIT 408 0.02 393,253 Fortress REIT 31 0.00 ASIA AND PACIFIC − 78.53%; 29.2.2020 71.81% 162,548 Foschini 540 0.02 EQUITIES − 78.53%; 29.2.2020 71.81% 510,595 Gold Fields 4,931 0.19 1,745,128 Growthpoint Properties 939 0.04 China − 42.65%; 29.2.2020 34.73% 239,773 Harmony Gold Mining 1,169 0.05 126,100 360 Security Technology 257 0.01 221,583 Hyprop Investments 182 0.01 757,500 3SBioØ 664 0.03 432,893 Impala Platinum 2,984 0.11 16,916 51jobØ 828 0.03 234,141 Investec 324 0.01 59,057 58.comØ 2,442 0.09 27,872 Kumba Iron OreØ 652 0.03 91,900 AECC Aviation Power 447 0.02 60,669 Liberty 161 0.01 789,500 AgileØ 814 0.03 842,926 Life Healthcare 615 0.02 18,478,000 Agricultural Bank of China 4,612 0.18 558,363 Momentum Metropolitan 373 0.01 5,652,000 Agricultural Bank of China 1,978 0.08 101,630 Motus 124 0.00 166,360 Aier Eye Hospital 943 0.04 149,295 Mr PriceØ 763 0.03 1,148,000 Air ChinaØ 591 0.02

BlackRock Collective Investment Funds 96 iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

258,900 Air China 204 0.01 828,000 Beijing Jingneng Clean Energy 164 0.01 91,300 Aisino 179 0.01 107,000 Beijing Kunlun Tech 325 0.01 1,040,612 Alibaba 223,075 8.60 65,000 Beijing New Building Materials 232 0.01 190,500 A-Living Services 734 0.03 202,000 Beijing North Star 33 0.00 1,914,000 Aluminum of ChinaØ 350 0.01 100,200 Beijing Oriental Yuhong 655 0.03 590,400 Aluminum of China 203 0.01 Waterproof Technology 730,600 Angang SteelØ 157 0.01 163,400 Beijing Originwater Technology 173 0.01 40,900 Angel Yeast 310 0.01 50,900 Beijing Shiji Information 183 0.01 688,000 Anhui Conch CementØ 3,726 0.14 Technology 165,200 Anhui Conch Cement 1,097 0.04 30,700 Beijing Shunxin Agriculture 252 0.01 156,000 Anhui ExpresswayØ 57 0.00 59,760 Beijing Tiantan Biological 276 0.01 Products 80,300 Anhui Gujing Distillery 761 0.03 67,100 Beijing Tongrentang 217 0.01 17,800 Anhui Gujing Distillery 501 0.02 690,409 Bengang Steel Plates 104 0.00 703,000 ANTA Sports ProductsØ 5,186 0.20 Ø 7,900 Asymchem Laboratories Tianjin 236 0.01 89,822 Bilibili 3,168 0.12 14,100 Autobio Diagnostics 248 0.01 489,320 BOE Technology 149 0.01 33,871 AutohomeØ 2,030 0.08 1,555,400 BOE Technology 933 0.04 Ø 39,500 Avary Shenzhen 211 0.01 429,500 BYD 3,187 0.12 129,200 AVIC Aircraft 341 0.01 83,400 BYD 773 0.03 445,299 Avic Capital 244 0.01 503,500 BYD Electronic International 1,594 0.06 313,400 AVIC Electromechanical 353 0.01 375,000 CAR 89 0.00 Ø Systems 6,199,098 CGN Power 1,004 0.04 54,400 AVIC Jonhon Optronic 285 0.01 18,500 Changchun High & New 943 0.04 Technology Technology Industry 63,100 Avic Shenyang Aircraft 406 0.02 279,700 Changjiang 260 0.01 1,441,000 AviChina Industry & 672 0.03 21,200 Changzhou Xingyu Automotive 383 0.01 TechnologyØ Lighting Systems 56,200 Avicopter 351 0.01 70,600 Chaozhou Three-Circle 215 0.01 Ø 1,603,500 BAIC Motor 573 0.02 711,000 China Aoyuan 613 0.02 160,271 Baidu 14,903 0.57 14,331 China Biologic Products 1,129 0.04 965,100 Bank of Beijing 511 0.02 1,052,000 China BlueChemical 116 0.00 208,600 Bank of Changsha 208 0.01 5,657,000 China Cinda Asset Management 801 0.03 45,226,936 Bank of China 11,027 0.43 5,512,754 China CITIC Bank 1,721 0.07 3,109,600 Bank of China 1,109 0.04 447,200 China CITIC Bank 254 0.01 Ø 4,411,655 Bank of Communications 1,722 0.07 911,801 China Coal Energy 170 0.01 1,621,500 Bank of Communications 836 0.03 2,651,606 China Communications 1,112 0.04 Construction 245,000 Bank of Hangzhou 346 0.01 208,300 China Communications 181 0.01 274,800 Bank of Jiangsu 192 0.01 Construction 391,988 Bank of Nanjing 367 0.01 1,556,800 China Communications Services 762 0.03 232,500 Bank of Ningbo 900 0.03 983,000 China Conch VentureØ 3,178 0.12 679,506 Bank of Shanghai 622 0.02 55,089,930 China Construction Bank 29,092 1.12 947,283 Baoshan Iron & Steel 510 0.02 458,100 China Construction Bank 309 0.01 1,494,000 BBMG 233 0.01 148,200 China CSSC 338 0.01 760,300 BBMG 273 0.01 233,500 China East Education 385 0.01 978,000 Beijing Capital International 516 0.02 664,000 China Eastern AirlinesØ 205 0.01 AirportØ 249,200 Beijing Dabeinong Technology 309 0.01 407,500 China Eastern Airlines 224 0.01 136,400 Beijing Enlight Media 241 0.01 349,500 China Enterprise 161 0.01 2,143,000 China Everbright BankØ 574 0.02

97 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

2,034,200 China Everbright Bank 852 0.03 1,094,000 China Oilfield Services 641 0.02 1,292,000 China Evergrande 2,251 0.09 169,600 China Oilfield Services 244 0.01 700,000 China Feihe 1,058 0.04 1,560,400 China Pacific Insurance 3,233 0.12 245,050 China Fortune Land 449 0.02 259,700 China Pacific Insurance 873 0.03 Development 14,983,600 China Petroleum & Chemical 5,169 0.20 Ø 1,963,500 China Galaxy 882 0.03 1,409,800 China Petroleum & Chemical 620 0.02 119,200 China Galaxy 176 0.01 2,450,000 China Railway 940 0.04 253,200 China Gezhouba 175 0.01 1,177,500 China Railway ConstructionØ 676 0.03 121,400 China Great Wall 184 0.01 612,200 China Railway Construction 595 0.02 135,900 China Greatwall Technology 262 0.01 667,000 China Railway Signal & 201 0.01 1,352,500 China Hongqiao 652 0.03 Communication 6,287,000 China Huarong Asset 539 0.02 3,217,000 China Reinsurance 257 0.01 Management 987,500 China Resources 417 0.02 49,180 China Huishan Dairy1 –0.00 Pharmaceutical 598,000 China International Capital 1,058 0.04 85,600 China Resources Sanjiu Medical 266 0.01 333,360 China International Marine 254 0.01 & Pharmaceutical ContainersØ 126,600 China Satellite Communications 317 0.01 224,100 China Jushi 363 0.01 1,986,000 China Shenhua Energy 2,473 0.10 533,000 China LessoØ 742 0.03 314,600 China Shenhua Energy 554 0.02 4,436,000 China Life InsuranceØ 8,062 0.31 937,600 China Shipbuilding Industry 496 0.02 215,100 China Life Insurance 1,025 0.04 944,000 China Southern AirlinesØ 371 0.01 138,800 China LiteratureØ 643 0.02 373,600 China Southern Airlines 238 0.01 2,204,000 China Longyuan PowerØ 1,039 0.04 53,500 China Spacesat 230 0.01 406,000 China Machinery Engineering 71 0.00 1,733,980 China State Construction 972 0.04 695,000 China Medical System 585 0.02 Engineering 603,460 China MerchantsØ 582 0.02 8,176,000 China Telecom 2,001 0.08 329,200 China Merchants 774 0.03 80,679 China Tourism Duty Free 1,830 0.07 Ø 98,760 China Merchants 232 0.01 27,826,000 China Tower 3,942 0.15 2,248,996 China Merchants Bank 8,019 0.31 1,235,000 China United Network 698 0.03 852,190 China Merchants Bank 3,502 0.13 Communications 250,500 China Merchants Energy 176 0.01 1,137,400 China Vanke 2,642 0.10 Shipping 401,710 China Vanke 1,194 0.05 88,376 China Merchants Shekou 159 0.01 584,224 China Yangtze Power 1,230 0.05 Industrial Zone 632,200 China Zheshang Bank 287 0.01 220,177 China Merchants Shekou 396 0.02 969,200 China ZhongwangØ 153 0.01 Industrial Zone 41,300 Chongqing Brewery 410 0.02 Ø 3,870,824 China Minsheng Banking 1,757 0.07 366,800 Chongqing Changan 146 0.01 1,464,900 China Minsheng Banking 887 0.03 Automobile 2,532,000 China Molybdenum 769 0.03 163,900 Chongqing Changan 209 0.01 324,700 China Molybdenum 152 0.01 Automobile 2,380,486 China National Building Material 2,500 0.10 70,500 Chongqing Fuling Zhacai 393 0.02 266,000 China National Chemical 169 0.01 1,309,000 Chongqing Rural Commercial 399 0.02 Engineering Bank 70,000 China National Medicines 342 0.01 460,400 Chongqing Rural Commercial 262 0.01 962,716 China National Nuclear Power 488 0.02 Bank 25,700 China National Software & 276 0.01 50,600 Chongqing Zhifei Biological 746 0.03 Service Products 191,500 China Northern Rare Earth 258 0.01 2,042,000 CIFI 1,295 0.05 High-Tech 2,884,000 CITIC 1,962 0.08

BlackRock Collective Investment Funds 98 iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

1,314,500 CITICØ 2,359 0.09 73,500 Ganfeng Lithium 405 0.02 252,800 CITIC 876 0.03 82,200 Ganfeng Lithium 310 0.01 187,100 CITIC 649 0.02 5,500 G-bits Network Technology 371 0.01 240,120 Citic Pacific Special Steel 473 0.02 Xiamen 9,438,000 CNOOC 8,013 0.31 899,800 GD Power Development 200 0.01 Ø 33,500 Contemporary Amperex 753 0.03 51,802 GDS 3,130 0.12 Technology 213,200 Gemdale 333 0.01 1,119,500 Cosco Shipping 420 0.02 546,000 Genscript BiotechØ 787 0.03 454,100 Cosco Shipping 269 0.01 944,800 GFØ 835 0.03 1,127,000 Cosco Shipping DevelopmentØ 86 0.00 244,500 GF 431 0.02 830,000 Cosco Shipping Energy 286 0.01 20,860 Gigadevice Semiconductor 454 0.02 TransportationØ Beijing 4,449,333 Country GardenØ 4,120 0.16 55,900 Glodon 425 0.02 752,635 Country Garden ServicesØ 3,920 0.15 154,900 GoerTek 694 0.03 2,595,200 CRRC 875 0.03 7,403,000 GOME RetailØ 792 0.03 1,264,900 CRRC 807 0.03 55,400 Gotion High-tech 153 0.01 566,000 CSC FinancialØ 627 0.02 1,882,250 Great Wall MotorØ 1,524 0.06 49,400 CSC Financial 282 0.01 290,800 Great Wall Motor 442 0.02 307,534 CSG 69 0.00 248,495 Gree Electric Appliances of 1,476 0.06 3,610,800 CSPC Pharmaceutical 5,992 0.23 Zhuhai 1,288,000 Dali Foods 590 0.02 312,000 Greenland 260 0.01 Ø 600,900 Daqin Railway 433 0.02 456,000 Greentown China 448 0.02 1,646,000 Datang International Power 165 0.01 207,000 GRG Banking Equipment 316 0.01 GenerationØ 16,717 GSX Techedu 1,066 0.04 48,300 Dawning Information Industry 238 0.01 226,200 Guangdong Electric Power 47 0.00 460,100 Dazhong Transportation 117 0.00 Development 112,400 DHC Software 143 0.01 66,600 Guangdong Haid 514 0.02 Ø 88,400 Dongfang ElectricØ 37 0.00 522,000 Guangshen Railway 75 0.00 Ø 254,900 Dongfang Electric 278 0.01 1,750,907 Guangzhou Automobile 1,122 0.04 1,588,000 Dongfeng Motor 823 0.03 141,500 Guangzhou Automobile 160 0.01 150,100 Dongxing 219 0.01 104,100 Guangzhou Baiyun International 173 0.01 368,240 East Money Information 1,050 0.04 Airport 456,100 ENN Energy 3,776 0.15 134,000 Guangzhou Baiyunshan 261 0.01 PharmaceuticalØ 109,870 Eve Energy 587 0.02 60,200 Guangzhou Baiyunshan 213 0.01 181,400 Everbright 434 0.02 Pharmaceutical 354,400 Fangda Carbon New Material 259 0.01 190,300 Guangzhou Haige 274 0.01 205,000 FAW Jiefang 315 0.01 Communications 46,100 Fiberhome Telecommunication 132 0.01 730,000 Guangzhou R&F PropertiesØ 694 0.03 Technologies 192,900 Guosen 295 0.01 988,673 Focus Media Information 813 0.03 427,600 Guotai Junan 499 0.02 Technology 327,500 Guotai Junan 691 0.03 63,600 Foshan Haitian Flavouring & 1,271 0.05 Food 190,200 Guoyuan 229 0.01 1,311,336 Fosun InternationalØ 1,088 0.04 228,000 Haidilao International 1,099 0.04 362,700 Founder 347 0.01 285,200 Haier Smart Home 694 0.03 Ø 170,600 Foxconn Industrial Internet 274 0.01 302,000 Haitian International 545 0.02 Ø 60,300 Fujian Sunner Development 177 0.01 2,160,800 Haitong 1,466 0.06 286,400 Fuyao Glass IndustryØ 689 0.03 381,800 Haitong 630 0.02 91,200 Fuyao Glass Industry 288 0.01

99 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

386,077 Hangzhou Hikvision Digital 1,575 0.06 38,000 Jafron Biomedical 316 0.01 Technology 511,920 JD.com 30,066 1.16 47,800 Hangzhou Robam Appliances 203 0.01 786,000 Jiangsu Expressway 588 0.02 34,300 Hangzhou Tigermed Consulting 419 0.02 47,656 Jiangsu Hengli Hydraulic 340 0.01 77,000 Han’s Laser Technology 312 0.01 219,235 Jiangsu Hengrui Medicine 2,268 0.09 Industry 57,000 Jiangsu King’s Luck Brewery 339 0.01 584,000 Hansoh Pharmaceutical 2,065 0.08 JSC 51,200 Hefei Meiya Optoelectronic 325 0.01 77,845 Jiangsu Yanghe Brewery Joint- 1,198 0.05 Technology Stock 159,900 Heilongjiang Agriculture 352 0.01 51,600 Jiangsu Yuyue Medical 207 0.01 181,054 Henan Shuanghui Investment & 1,253 0.05 Equipment & Supply Development 307,300 Jiangsu Zhongnan Construction 326 0.01 419,500 Hengan International 2,468 0.10 151,300 Jiangsu Zhongtian Technology 186 0.01 135,600 Hengli Petrochemical 311 0.01 497,000 Jiangxi BankØ 158 0.01 Ø 13,096,000 HengTen Networks 314 0.01 812,000 Jiangxi CopperØ 715 0.03 82,400 Hengtong Optic-electric 147 0.01 127,000 Jiangxi Copper 216 0.01 21,600 Hithink RoyalFlush Information 395 0.02 117,700 Jiangxi Zhengbang Technology 319 0.01 Network 226,900 Jinke Properties 253 0.01 66,500 Hongfa Technology 338 0.01 544,000 Jinxin Fertility 574 0.02 115,300 Hongta 262 0.01 97,000 Jinyu Bio-Technology 305 0.01 Ø 1,266,000 Huadian Fuxin Energy 301 0.01 160,200 Joincare Pharmaceutical 340 0.01 Ø 1,332,000 Huadian Power International 277 0.01 Industry 78,500 Huadong Medicine 239 0.01 100,900 Jointown Pharmaceutical 195 0.01 88,400 Hualan Biological Engineering 555 0.02 40,000 Jonjee Hi-Tech Industrial And 356 0.01 2,592,000 Huaneng Power InternationalØ 804 0.03 Commercial 355,900 Huaneng Power International 214 0.01 70,600 Joyoung 339 0.01 1,020,000 HuataiØ 1,337 0.05 31,816 JoyyØ 2,030 0.08 329,800 Huatai 770 0.03 60,783 KE 2,345 0.09 729,200 Huaxia Bank 510 0.02 1,364,000 Kingdee International Software 2,597 0.10 166,600 Huaxin Cement 288 0.01 508,000 KingsoftØ 2,029 0.08 75,700 Huaxin Cement 231 0.01 51,900 Kweichow Moutai 10,110 0.39 207,000 Huayu Automotive Systems 562 0.02 767,141 KWG 1,088 0.04 89,254 Huazhu 2,982 0.11 128,000 Lao Feng Xiang 287 0.01 61,040 Hundsun Technologies 742 0.03 25,620 Laobaixing Pharmacy Chain 248 0.01 135,900 Iflytek 559 0.02 JSC 330,800 Industrial 297 0.01 364,400 Legend 399 0.02 46,432,655 Industrial & Commercial Bank of 19,420 0.75 123,800 Lens Technology 466 0.02 China 360,700 Leo 120 0.00 3,182,200 Industrial & Commercial Bank of 1,721 0.07 81,300 Lepu Medical Technology 344 0.01 China Beijing 858,194 Industrial Bank 1,512 0.06 1,061,999 Li Ning 3,352 0.13 2,357,300 Inner Mongolia BaoTou Steel 298 0.01 129,800 Liaoning Cheng Da 371 0.01 Union 273,800 Lingyi iTech Guangdong 357 0.01 300,700 Inner Mongolia Yili Industrial 1,375 0.05 111,330 Livzon Pharmaceutical 397 0.02 722,733 Inner Mongolia Yitai Coal 376 0.01 52,800 Livzon Pharmaceutical 308 0.01 679,500 Innovent Biologics 3,382 0.13 671,000 LoganØ 932 0.04 100,068 Inspur Electronic Information 394 0.02 119,000 Lomon Billions 305 0.01 Industry 1,045,500 LongforØ 4,131 0.16 125,519 iQIYIØ 2,030 0.08

BlackRock Collective Investment Funds 100 iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

213,200 LONGi Green Energy 1,471 0.06 5,507,000 Postal Savings Bank of ChinaØ 1,948 0.08 Technology 455,400 Power Construction of China 202 0.01 340,209 Luxshare Precision Industry 2,040 0.08 823,000 Qingdao Port InternationalØ 374 0.01 Ø 901,500 Luye Pharma 365 0.01 204,639 Red Star Macalline 101 0.00 62,900 Luzhou Laojiao 1,025 0.04 212,500 RiseSun Real Estate 190 0.01 672,000 Maanshan Iron & Steel 135 0.01 Development 39,000 Maccura Biotechnology 217 0.01 399,800 SAIC Motor 813 0.03 79,050 Mango Excellent Media 611 0.02 192,900 Sanan Optoelectronics 571 0.02 175,100 Meinian Onehealth Healthcare 335 0.01 13,200 Sangfor Technologies 316 0.01 1,192,000 Meitu 194 0.01 348,500 Sany Heavy Industry 841 0.03 2,124,000 Meituan DianpingØ 52,317 2.02 156,300 SDIC Capital 259 0.01 1,226,500 Metallurgical of China 156 0.01 282,000 SDIC Power 279 0.01 697,400 Metallurgical of China 214 0.01 531,100 Sealand 323 0.01 91,514 Momo 1,394 0.05 143,700 Seazen 562 0.02 147,300 Muyuan Foodstuff 1,410 0.05 1,140,000 Seazen 771 0.03 87,900 NanJi E-Commerce 178 0.01 105,200 SF 976 0.04 50,570 Nanjing King-Friend 271 0.01 7,300 SG Micro 227 0.01 Biochemical Pharmaceutical 285,400 Shaanxi Coal Industry 252 0.01 190,900 NARI Technology 466 0.02 214,950 Shandong Chenming Paper 57 0.00 24,300 NAURA Technology 488 0.02 258,750 Shandong Chenming PaperØ 88 0.00 93,100 NavInfo 167 0.01 162,148 Shandong Gold Mining 513 0.02 44,432 NetEase 16,142 0.62 302,400 Shandong Gold Mining 634 0.02 Ø 488,800 New China Life Insurance 1,458 0.06 106,800 Shandong Hualu Hengsheng 313 0.01 119,300 New China Life Insurance 778 0.03 Chemical 246,100 New Hope Liuhe 1,020 0.04 790,700 Shandong Nanshan Aluminum 229 0.01 81,379 New Oriental Education & 8,901 0.34 1,356,000 Shandong Weigao Medical 2,363 0.09 Technology PolymerØ 105,800 Ningbo Joyson Electronic 265 0.01 92,400 Shanghai Bailian 64 0.00 684,600 Ningbo Zhoushan Port 277 0.01 35,000 Shanghai Bairun Investment 234 0.01 482,376 NIO 6,859 0.26 161,850 Shanghai Baosight Software 413 0.02 93,400 OFILM 192 0.01 44,900 Shanghai Baosight Software 340 0.01 18,413 OneConnect Financial 296 0.01 231,980 Shanghai Chlor-Alkali Chemical 81 0.00 Technology 1,334,000 Shanghai Electric 293 0.01 318,800 Orient Ltd/China 150 0.01 422,100 Shanghai Electric 256 0.01 232,400 Orient Ltd/China 299 0.01 304,500 Shanghai Fosun 960 0.04 174,200 Oriental Pearl 202 0.01 PharmaceuticalØ 4,672,000 People’s Insurance of China 1,139 0.04 95,100 Shanghai Fosun Pharmaceutical 568 0.02 51,900 Perfect World Ltd/China 207 0.01 224,800 Shanghai Haixin 63 0.00 12,462,000 PetroChina 3,218 0.12 68,800 Shanghai Huayi 25 0.00 50,100 Pharmaron Beijing 497 0.02 95,400 Shanghai International Airport 795 0.03 3,953,449 PICC Property & Casualty 2,278 0.09 821,300 Shanghai International Port 397 0.02 162,412 Pinduoduo 10,783 0.42 57,800 Shanghai Jahwa United 262 0.01 801,676 Ping An Bank 1,317 0.05 47,200 Shanghai Jinjiang International 59 0.00 205,900 Ping An Healthcare and 2,242 0.09 Hotels TechnologyØ 137,000 Shanghai Jinqiao Export 106 0.00 3,251,500 Ping An Insurance of ChinaØ 25,850 1.00 Processing Zone Development 447,500 Ping An Insurance of China 3,739 0.14 515,358 Shanghai Lujiazui Finance & 328 0.01 608,000 Poly Developments and 1,067 0.04 Trade Zone Development 78,600 Poly Property Services 514 0.02 43,600 Shanghai M&G Stationery 330 0.01

101 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

95,700 Shanghai Mechanical and 92 0.00 2,628,000 Sinopec Shanghai 405 0.02 Electrical Industry PetrochemicalØ 546,700 Shanghai PharmaceuticalsØ 728 0.03 785,600 SinopharmØ 1,443 0.06 94,300 Shanghai Pharmaceuticals 228 0.01 998,000 Sinotrans 177 0.01 1,212,500 Shanghai Pudong Development 1,368 0.05 453,500 Sinotruk Hong KongØ 881 0.03 Bank 1,438,500 SOHO China 331 0.01 19,100 Shanghai Putailai New Energy 206 0.01 108,540 Songcheng Performance 212 0.01 Technology Development 429,200 Shanghai RAAS Blood Products 421 0.02 328,900 SooChow 386 0.01 85,300 Shanghai Waigaoqiao Free 66 0.00 523,400 Southwest 320 0.01 # Trade Zone 64,200 Spring Airlines 309 0.01 191,400 Shanghai Yuyuan Tourist Mart 207 0.01 132,500 STO Express 238 0.01 126,500 Shanghai Zhangjiang High-Tech 305 0.01 1,468,000 Sunac China 4,605 0.18 Park Development 628,371 Suning.com 675 0.03 646,920 Shanghai Zhenhua Heavy 121 0.00 387,100 Sunny Optical TechnologyØ 4,282 0.17 Industries 75,000 Sunwoda Electronic 196 0.01 34,800 Shanxi Xinghuacun Fen Wine 748 0.03 216,945 TAL Education 11,961 0.46 Factory 131,500 Tangshan Jidong Cement 257 0.01 446,100 Shenergy 278 0.01 202,900 TBEA 181 0.01 102,700 Shengyi Technology 278 0.01 604,700 TCL Technology 466 0.02 15,100 Shennan Circuits 228 0.01 3,381,700 Tencent 172,881 6.67 1,282,515 Shenwan Hongyuan 789 0.03 273,016 Tencent Music EntertainmentØ 3,185 0.12 506,000 Shenzhen ExpresswayØ 342 0.01 33,900 Thunder Software Technology 340 0.01 14,700 Shenzhen Goodix Technology 287 0.01 297,180 Tianfeng 224 0.01 83,600 Shenzhen Inovance Technology 509 0.02 108,000 Tianjin Capital Environmental 27 0.00 68,400 Shenzhen Kaifa Technology 190 0.01 Protection 28,900 Shenzhen Kangtai Biological 624 0.02 102,900 Tianjin Zhonghuan 243 0.01 Products Semiconductor 43,000 Shenzhen Mindray Bio-Medical 1,605 0.06 172,700 Tianma Microelectronics 309 0.01 Electronics 89,700 Tianqi Lithium 222 0.01 359,300 Shenzhen Overseas Chinese 280 0.01 Town 304,000 Times Neighborhood 322 0.01 45,100 Shenzhen Sunway 305 0.01 503,200 Tongcheng-Elong 735 0.03 Communication 105,000 Tonghua Dongbao 163 0.01 426,400 Shenzhou International 5,136 0.20 Pharmaceutical 52,800 Shijiazhuang Yiling 165 0.01 179,200 Tongkun 315 0.01 Pharmaceutical 281,900 Tongwei 750 0.03 234,000 Sichuan Chuantou Energy 256 0.01 11,800 Topchoice Medical 291 0.01 216,000 Sichuan Expressway 37 0.00 738,000 Topsports International 681 0.03 Ø 73,000 Sichuan Kelun Pharmaceutical 197 0.01 527,000 TravelSky Technology 818 0.03 43,400 Sichuan Swellfun 360 0.01 277,086 Trip.com 6,250 0.24 Ø 2,943,000 Sihuan Pharmaceutical 267 0.01 238,000 Tsingtao Brewery 1,619 0.06 38,785 SINA Corp/China 1,178 0.05 26,700 Tsingtao Brewery 254 0.01 178,100 Sinolink 302 0.01 31,800 Unigroup Guoxin 434 0.02 Microelectronics 157,900 Sinoma Science & Technology 343 0.01 58,940 Unisplendour 211 0.01 2,092,500 Sino-Ocean 361 0.01 45,400 Venustech 189 0.01 748,000 Sinopec Engineering 247 0.01 250,583 VipshopØ 3,084 0.12 1,990,000 Sinopec Oilfield ServiceØ 107 0.00 75,100 Walvax Biotechnology 520 0.02 102,700 Wanda Film 208 0.01

BlackRock Collective Investment Funds 102 iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

62,200 Wangfujing 348 0.01 28,300 Yunnan Energy New Material 241 0.01 129,700 Wanhua Chemical 1,036 0.04 26,100 Zhangzhou Pientzehuang 716 0.03 33,893 WeiboØ 944 0.04 Pharmaceutical Ø 1,136,400 Weichai PowerØ 1,715 0.07 578,500 Zhaojin Mining Industry 484 0.02 247,500 Weichai Power 400 0.02 65,153 Zhejiang Chint Electrics 244 0.01 50,700 Weifu High-Technology 68 0.00 125,500 Zhejiang Dahua Technology 313 0.01 81,720 Wens Foodstuffs 220 0.01 734,000 Zhejiang Expressway 370 0.01 191,200 Western 203 0.01 62,040 Zhejiang Huahai Pharmaceutical 297 0.01 25,000 Will Semiconductor 458 0.02 86,500 Zhejiang Huayou Cobalt 379 0.01 46,400 Wingtech Technology 699 0.03 142,800 Zhejiang Longsheng 223 0.01 94,510 Winning Health Technology 218 0.01 100,300 Zhejiang NHU 358 0.01 111,600 Wonders Information 323 0.01 176,540 Zhejiang Sanhua Intelligent 435 0.02 77,350 Wuhan Guide Infrared 324 0.01 Controls 92,900 Wuhu Sanqi Interactive 462 0.02 24,900 Zhejiang Supor 229 0.01 Entertainment Network 127,900 Zhengzhou Yutong Bus 198 0.01 Technology 195,600 ZhongAn Online P&C Insurance 961 0.04 160,300 Wuliangye Yibin 4,195 0.16 29,900 Zhongji Innolight 193 0.01 86,800 WUS Printed Circuit Kunshan 199 0.01 223,500 Zhongjin Gold 265 0.01 136,640 WuXi AppTecØ 1,512 0.06 346,000 ZhongshengØ 1,614 0.06 35,700 WuXi AppTec 428 0.02 316,100 Zhuzhou CRRC Times Electric 758 0.03 505,000 Wuxi Biologics CaymanØ 9,791 0.38 3,219,000 Zijin Mining 1,638 0.06 38,500 Wuxi Lead Intelligent Equipment 189 0.01 735,700 Zijin Mining 577 0.02 326,400 XCMG Construction Machinery 221 0.01 809,811 Zoomlion Heavy Industry 606 0.02 Ø 262,900 Xiamen C & D 274 0.01 Science and Technology 7,001,800 XiaomiØ 15,823 0.61 260,100 Zoomlion Heavy Industry 242 0.01 784,900 Xinhu Zhongbao 300 0.01 Science and Technology 349,000 Xinhua Winshare Publishing and 171 0.01 451,904 ZTE 980 0.04 MediaØ 201,000 ZTE 855 0.03 405,125 Xinjiang Goldwind Science & 260 0.01 224,051 ZTO Express Cayman 5,611 0.22 Technology 1,104,776 42.65 164,000 Xinjiang Goldwind Science & 195 0.01 Technology Hong Kong − 3.06%; 29.2.2020 3.65% 255,250 Yango 196 0.01 2,430,000 Alibaba Health Information 4,379 0.17 117,500 Yangtze Optical Fibre and Cable 162 0.01 TechnologyØ Joint StockØ 8,330,000 Alibaba PicturesØ 883 0.03 1,254,800 Yangzijiang Shipbuilding 631 0.02 318,000 Beijing Enterprises 755 0.03 86,910 Yantai Changyu Pioneer Wine 129 0.00 3,104,000 Beijing Enterprises WaterØ 912 0.04 42,200 Yantai Jereh Oilfield Services 158 0.01 1,260,000 Bosideng International 270 0.01 1,260,000 Yanzhou Coal MiningØ 724 0.03 1,704,000 Brilliance China AutomotiveØ 1,138 0.04 56,650 Yealink Network Technology 348 0.01 500,000 China EverbrightØ 574 0.02 84,100 Yifan Pharmaceutical 275 0.01 2,011,666 China Everbright InternationalØ 905 0.03 286,000 Yihai InternationalØ 3,357 0.13 240,000 China Foods2 63 0.00 102,100 Yintai Gold 180 0.01 1,516,000 China GasØ 3,097 0.12 611,000 Yonghui Superstores 592 0.02 3,602,000 China JinmaoØ 1,677 0.06 134,270 Yonyou Network Technology 614 0.02 800,377 China Merchants Port 684 0.03 260,700 Youngor 219 0.01 3,142,000 China MobileØ 16,381 0.63 109,000 YTO Express 190 0.01 2,248,000 China Overseas Land & 4,863 0.19 77,090 Yunda 175 0.01 Investment 65,400 Yunnan Baiyao 825 0.03

103 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

2,617,333 China Power International 376 0.01 711,371 Ashok Leyland 490 0.02 Ø Development 165,919 Asian Paints 3,190 0.12 940,085 China Resources Beer 4,566 0.18 81,070 AU Small Finance Bank 548 0.02 1,286,000 China Resources Cement 1,400 0.05 146,544 Aurobindo Pharma 1,194 0.05 Ø 530,000 China Resources Gas 1,859 0.07 87,829 Avenue Supermarts 2,002 0.08 Ø 1,632,888 China Resources Land 5,633 0.22 14,556 Axis Bank 383 0.01 1,157,272 China Resources Power 1,026 0.04 1,336,786 Axis Bank 6,672 0.26 978,000 China South City 74 0.00 16,999 Bajaj & Investment 461 0.02 948,750 China State Construction 549 0.02 54,200 Bajaj Auto 1,627 0.06 Ø International 108,399 Bajaj Finance 3,826 0.15 Ø 873,286 China Taiping Insurance 1,037 0.04 21,627 Bajaj Finserv 1,360 0.05 1,344,000 China Traditional Chinese 427 0.02 360,905 Bandhan Bank 1,119 0.04 MedicineØ 539,768 Bank of Baroda 267 0.01 3,648,000 China Unicom Hong Kong 1,930 0.07 241,093 Bank of India 132 0.01 424,000 CIMC EnricØ 127 0.00 17,718 Bata India 233 0.01 986,276 Cosco Shipping Ports 417 0.02 128,247 Berger Paints India 701 0.03 1,251,000 Far East HorizonØ 826 0.03 466,679 Bharat Electronics 505 0.02 3,069,000 Geely Automobile 4,838 0.19 109,880 Bharat Forge 547 0.02 1,754,000 Guangdong Investment 2,045 0.08 526,027 Bharat Heavy Electricals 206 0.01 745,000 Haier ElectronicsØ 1,906 0.07 583,975 Bharat Petroleum 2,397 0.09 72,000 Health & Happiness H&H 235 0.01 1,338,845 Bharti Airtel 6,961 0.27 International 495,149 Bharti Infratel 994 0.04 404,000 Hopson Development 602 0.02 188,785 Biocon 718 0.03 924,000 Jiayuan InternationalØ 325 0.01 4,067 Bosch 530 0.02 428,800 KingboardØ 1,027 0.04 34,097 Britannia Industries 1,286 0.05 547,500 Kingboard LaminatesØ 515 0.02 162,947 Cadila Healthcare 614 0.02 1,596,961 Kunlun Energy 885 0.03 79,330 Canara Bank 86 0.00 786,000 Lee & Man Paper Manufacturing 351 0.01 287,638 Castrol India 349 0.01 921,000 Nine Dragons PaperØ 763 0.03 130,672 Cholamandalam Investment and 309 0.01 836,000 Poly Property 197 0.01 Finance 250,000 Shanghai Industrial 280 0.01 187,264 Cipla 1,346 0.05 534,000 Shenzhen International 639 0.02 855,089 Coal India 1,164 0.04 2,196,660 Shenzhen InvestmentØ 555 0.02 48,045 Colgate-Palmolive India 664 0.03 817,500 ShimaoØ 2,749 0.11 129,710 Container Of India 517 0.02 5,680,500 Sino BiopharmaceuticalØ 4,899 0.19 47,549 Cummins India 222 0.01 3,379,690 Yuexiu Property 482 0.02 301,627 Dabur India 1,445 0.06 80,121 3.06 28,871 Dalmia Bharat 219 0.01 45,046 Divi’s Laboratories 1,421 0.05 India − 9.52%; 29.2.2020 10.14% 467,527 DLF 747 0.03 1,272 3M India 260 0.01 626 Dr Reddy’s Laboratories 27 0.00 28,085 ABB India 271 0.01 49,842 Dr Reddy’s Laboratories 2,141 0.08 22,005 ACC 294 0.01 76,200 Eicher Motors 1,625 0.06 156,161 Adani Enterprises 439 0.02 70,114 Emami 248 0.01 449,147 Adani Ports & Special Economic 1,611 0.06 90,800 Embassy Office Parks REIT 334 0.01 Zone 107,653 Exide Industries 179 0.01 412,990 Adani Power 155 0.01 1,198,679 Federal Bank 674 0.03 284,893 Aditya Birla Capital 176 0.01 91,270 Future Retail 150 0.01 14,509 Alkem Laboratories 401 0.02 839,768 Gail India 811 0.03 458,002 Ambuja Cements 972 0.04

BlackRock Collective Investment Funds 104 iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

1,800 Gillette India 99 0.00 37,093 Mphasis 414 0.02 64,629 Glenmark Pharmaceuticals 307 0.01 742 MRF 437 0.02 551,914 GMR Infrastructure 131 0.00 63,762 Muthoot Finance 743 0.03 210,776 Godrej Consumer Products 1,387 0.05 13,295 Nestle India 2,156 0.08 61,262 Godrej Industries 272 0.01 1,847,097 NHPC 405 0.02 29,773 Godrej Properties 272 0.01 84,368 Nippon Life India Asset 232 0.01 184,079 Grasim Industries 1,253 0.05 Management 151,525 Havells India 942 0.04 449,155 NMDC 442 0.02 651,697 HCL Technologies 4,543 0.18 1,457,761 NTPC 1,432 0.06 26,130 HDFC Asset Management 639 0.02 49,933 Oberoi Realty 199 0.01 383,817 HDFC Life Insurance 2,237 0.09 1,840,520 Oil & Natural Gas 1,524 0.06 46,905 Hemisphere Properties India3 72 0.00 116,914 Oil India 112 0.00 58,967 Hero MotoCorp 1,791 0.07 10,452 Oracle Financial Services 320 0.01 592,602 Hindalco Industries 1,109 0.04 Software 345,924 Hindustan Petroleum 704 0.03 2,691 Page Industries 517 0.02 526,753 Hindustan Unilever 11,261 0.43 310,600 Petronet LNG 755 0.03 121,305 Hindustan Zinc 278 0.01 70,045 Pidilite Industries 994 0.04 1,020,974 Housing Development Finance 18,906 0.73 62,927 Piramal Enterprises 874 0.03 360,002 ICICI Bank 1,432 0.06 334,087 Power Finance 320 0.01 103,253 ICICI Lombard General 1,312 0.05 1,051,763 Power Grid of India 1,921 0.07 Insurance 477,132 Punjab National Bank 168 0.01 175,344 ICICI Prudential Life Insurance 751 0.03 85,075 Rajesh Exports 386 0.01 1,353,020 IDFC First Bank 438 0.02 257,997 RBL Bank 512 0.02 165,686 Indiabulls Housing Finance 346 0.01 431,801 REC 467 0.02 1,291,700 Indian Oil 1,121 0.04 1,520,967 Reliance Industries 31,914 1.23 35,432 Info Edge India 1,166 0.04 136,658 Reliance Industries 5,909 0.23 106,533 Infosys 1,003 0.04 100,780 Reliance Industries 1,215 0.05 2,013,314 Infosys 18,765 0.72 211,136 SBI Life Insurance 1,772 0.07 52,745 InterGlobe Aviation 640 0.02 5,160 Shree Cement 1,056 0.04 1,806,485 ITC 3,498 0.13 96,847 Shriram Transport Finance 689 0.03 211,812 Jindal Steel & Power 437 0.02 51,108 Siemens 600 0.02 96,461 JSW Energy 53 0.00 1,011,202 State Bank of India 2,173 0.08 588,787 JSW Steel 1,607 0.06 567,545 Steel Authority of India 222 0.01 41,575 Jubilant Foodworks 883 0.03 672,458 Sun Pharmaceutical Industries 3,508 0.14 73,909 Kansai Nerolac Paints 351 0.01 43,241 Sun TV Network 196 0.01 216,167 L&T Finance 147 0.01 46,905 Tata Communications 412 0.02 194,035 Larsen & Toubro 1,860 0.07 535,191 Tata Consultancy Services 12,191 0.47 13,941 Larsen & Toubro Infotech 347 0.01 30,335 Tata Motors 220 0.01 118,157 LIC Housing Finance 359 0.01 111,693 Tata Motors 57 0.00 128,794 Lupin 1,210 0.05 468,914 Tata Motors 676 0.03 331,482 Mahindra & Mahindra 2,031 0.08 393,542 Tata Power 235 0.01 371,028 Mahindra & Mahindra Financial 507 0.02 152,887 Tata Steel 638 0.02 Services 289,271 Tech Mahindra 2,169 0.08 76,321 Mangalore Refinery & 25 0.00 177,483 Titan 1,969 0.08 Petrochemicals 21,833 Torrent Pharmaceuticals 587 0.02 266,716 Marico 995 0.04 92,352 Torrent Power 311 0.01 72,191 Maruti Suzuki India 4,988 0.19 67,273 TVS Motor 295 0.01 710,044 Motherson Sumi Systems 790 0.03 65,758 UltraTech Cement 2,606 0.10

105 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

81,415 Union Bank of India 25 0.00 Malaysia − 2.13%; 29.2.2020 2.35% 35,470 United Breweries 365 0.01 1,117,900 AirAsia 132 0.01 170,881 United Spirits 945 0.04 519,200 Alliance Bank Malaysia 203 0.01 331,975 UPL 1,697 0.07 1,132,400 AMMB 593 0.02 671,013 Vedanta 871 0.03 674,300 Astro Malaysia 93 0.00 69,882 Vedanta 365 0.01 2,665,679 Axiata 1,439 0.06 4,162,351 Vodafone Idea 429 0.02 95,100 British American Tobacco 174 0.01 45,332 Voltas 293 0.01 Malaysia 17,256 Whirlpool of India 370 0.01 4,228,798 CIMB 2,502 0.10 132,880 Wipro 426 0.02 2,591,300 Dialog 1,668 0.06 635,112 Wipro 1,727 0.07 2,149,551 DiGi.Com 1,522 0.06 585,754 YES BANK 3 YEAR LOCK UP 64 0.00 1,414,300 FGV 309 0.01 546,792 Zee Entertainment Enterprises 1,118 0.04 47,600 Fraser & Neave 261 0.01 1,355,500 Gamuda 826 0.03 247,130 9.52 1,303,218 Genting 820 0.03 Indonesia − 1.51%; 29.2.2020 1.88% 1,726,900 Genting Malaysia 706 0.03 6,494,300 Adaro Energy 361 0.01 326,700 HAP Seng Consolidated 422 0.02 192,088 Astra Agro Lestari 99 0.00 902,400 Hartalega 2,673 0.10 11,900,100 Astra International 3,113 0.12 366,900 Hong Leong Bank 921 0.04 5,724,100 Bank Central Asia 9,211 0.36 143,700 Hong Leong Financial 318 0.01 10,899,960 Bank Mandiri Persero 3,326 0.13 1,752,220 IHH Healthcare 1,684 0.06 4,361,793 Bank Negara Indonesia Persero 1,135 0.04 1,935,100 IJM 416 0.02 31,448,900 Bank Rakyat Indonesia Persero 5,661 0.22 1,861,432 IOI 1,488 0.06 10,927,800 Barito Pacific 471 0.02 804,440 IOI Properties 130 0.00 3,566,700 Bukit Asam 373 0.01 270,239 Kuala Lumpur Kepong 1,098 0.04 5,651,100 Bumi Serpong Damai 223 0.01 3,560,484 Malayan Banking 4,679 0.18 4,131,200 Charoen Pokphand Indonesia 1,329 0.05 574,860 Malaysia Airports 526 0.02 263,800 Gudang Garam 643 0.02 1,586,200 Maxis 1,422 0.05 5,113,200 Hanjaya Mandala Sampoerna 433 0.02 861,600 MISC 1,176 0.05 1,358,000 Indah Kiat Pulp & Paper 646 0.02 35,400 Nestle Malaysia 884 0.03 789,000 Indocement Tunggal Prakarsa 481 0.02 1,695,885 Petronas Chemicals 1,660 0.06 1,217,500 Indofood CBP Sukses Makmur 638 0.02 187,700 Petronas Dagangan 693 0.03 2,450,400 Indofood Sukses Makmur 958 0.04 337,600 Petronas Gas 999 0.04 2,010,422 Jasa Marga Persero 403 0.02 403,520 PPB 1,302 0.05 11,573,200 Kalbe Farma 938 0.04 1,035,400 Press Metal Aluminium 967 0.04 1,119,400 Matahari Department Store 72 0.00 1,858,955 Public Bank 5,473 0.21 3,459,000 Media Nusantara Citra 157 0.01 438,900 QL Resources 755 0.03 5,661,200 Perusahaan Gas Negara 364 0.01 1,000,990 RHB Bank 822 0.03 1,660,800 Semen Indonesia Persero 899 0.03 1,880,700 Sime Darby 738 0.03 4,965,900 Surya Citra Media 315 0.01 2,070,600 Sime Darby Plantation 1,890 0.07 27,104,800 Telekomunikasi Indonesia 3,976 0.15 1,970,000 Sime Darby Property 231 0.01 Persero 664,835 Telekom Malaysia 495 0.02 5,346,000 Tower Bersama Infrastructure 356 0.01 2,345,286 Tenaga Nasional 4,567 0.18 3,427,500 Unilever Indonesia 1,441 0.06 973,000 Top Glove 4,567 0.18 908,072 United Tractors 1,070 0.04 533,500 UEM Sunrise 38 0.00 877,300 Vale Indonesia 171 0.01 649,400 Westports 425 0.02 1,885,775 XL Axiata 236 0.01 2,513,757 YTL 302 0.01

39,499 1.51 55,009 2.13

BlackRock Collective Investment Funds 106 iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Philippines − 0.90%; 29.2.2020 1.09% 33,408 for Cooperative Insurance/The 526 0.02 1,038,500 Aboitiz Power 424 0.02 34,701 Jarir Marketing 1,129 0.04 2,230,300 Alliance Global 212 0.01 166,934 Mobile Telecommunications 388 0.01 190,928 Ayala 2,153 0.08 Saudi Arabia 4,577,260 Ayala Land 2,031 0.08 28,812 Mouwasat Medical Services 685 0.03 1,096,374 Bank of the Philippine Islands 1,121 0.04 797,353 National Commercial Bank 5,907 0.23 1,150,580 BDO Unibank 1,523 0.06 172,127 National Industrialization 405 0.02 1,386,454 Bloomberry Resorts 129 0.00 89,235 National Petrochemical 476 0.02 3,497,550 DMCI 208 0.01 18,413 Qassim Cement 249 0.01 16,755 Globe Telecom 539 0.02 104,694 Rabigh Refining & 297 0.01 55,777 GT Capital 343 0.01 Petrochemical 675,860 International Container Terminal 1,093 0.04 867,514 Riyad Bank 3,313 0.13 Services 231,156 Sahara International 733 0.03 1,754,200 JG Summit 1,716 0.07 Petrochemical 212,968 Jollibee Foods 443 0.02 578,343 Samba Financial 3,173 0.12 1,088,000 LT 139 0.01 23,492 Saudi Airlines Catering 375 0.01 147,270 Manila Electric 610 0.02 118,423 Saudi Arabian Fertilizer 1,955 0.08 6,457,900 Megaworld 289 0.01 238,348 Saudi Arabian Mining 1,870 0.07 8,343,200 Metro Pacific Investments 431 0.02 912,336 Saudi Arabian Oil 6,450 0.25 952,823 Metropolitan Bank & Trust 492 0.02 531,131 Saudi Basic Industries 9,308 0.36 66,260 PLDT 1,506 0.06 50,055 Saudi Cement 561 0.02 166,750 San Miguel 257 0.01 461,781 Saudi Electricity 1,462 0.06 303,150 San Miguel Food and Beverage 311 0.01 71,665 Saudi Ground Services 434 0.02 441,560 Semirara Mining & Power 64 0.00 112,406 Saudi Industrial Investment 490 0.02 285,750 SM Investments 3,735 0.14 446,963 Saudi Kayan Petrochemical 808 0.03 5,570,875 SM Prime 2,501 0.10 21,760 Saudi Research & Marketing 308 0.01 542,750 Universal Robina 1,152 0.04 354,087 Saudi Telecom 6,769 0.26 154,412 Savola Group/The 1,494 0.06 23,422 0.90 113,375 Seera 390 0.01 Saudi Arabia − 2.91%; 29.2.2020 2.21% 44,716 Southern Province Cement 571 0.02 26,025 Abdullah Al Othaim Markets 643 0.02 32,777 Yanbu Cement 214 0.01 56,583 Advanced Petrochemical 621 0.02 137,297 Yanbu National Petrochemical 1,463 0.06 722,928 Al Rajhi Bank 9,343 0.36 75,439 2.91 578,343 Alinma Bank 1,785 0.07 148,681 Almarai JSC 1,590 0.06 Singapore − 0.01%; 29.2.2020 0.01% 379,139 Arab National Bank 1,567 0.06 348,100 Yanlord Land 229 0.01 80,402 Arabian Centres 408 0.02 Taiwan − 13.58%; 29.2.2020 13.03% 216,899 Bank AlBilad 1,037 0.04 304,000 Accton Technology 1,811 0.07 204,114 Bank Al-Jazira 531 0.02 1,840,346 Acer 1,094 0.04 346,803 Banque Saudi Fransi 2,206 0.08 242,672 Advantech 1,875 0.07 36,648 Bupa Arabia for Cooperative 895 0.03 2,032,911 ASE Technology 3,162 0.12 Insurance 1,441,181 Asia Cement 1,559 0.06 19,024 Dallah Healthcare 215 0.01 420,388 Asustek Computer 2,600 0.10 285,811 Dar Al Arkan Real Estate 462 0.02 5,245,000 AU Optronics 1,388 0.05 Development 1,396,080 Capital 391 0.02 327,359 Emaar Economic City 526 0.02 435,000 Catcher Technology 2,214 0.09 223,486 Etihad Etisalat 1,193 0.05 4,971,281 Cathay Financial 5,036 0.19 48,139 Fawaz Abdulaziz Al Hokair & 214 0.01 742,102 Chailease 2,446 0.09

107 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

3,840,324 Chang Hwa Commercial Bank 1,784 0.07 1,458,000 Pou Chen 1,026 0.04 1,072,101 Cheng Shin Rubber Industry 982 0.04 330,000 President Chain Store 2,268 0.09 373,850 Chicony Electronics 841 0.03 1,613,000 Quanta Computer 3,157 0.12 1,449,609 China Airlines 315 0.01 269,933 Realtek Semiconductor 2,611 0.10 7,888,856 China Development Financial 1,715 0.07 1,883,000 Shanghai Commercial & 2,001 0.08 1,812,613 China Life Insurance Ltd/Taiwan 948 0.04 Savings Bank 188,000 China Motor 203 0.01 6,829,544 Shin Kong Financial 1,443 0.06 7,232,249 China Steel 3,663 0.14 6,288,646 SinoPac Financial 1,729 0.07 2,277,981 Chunghwa Telecom 6,291 0.24 858,613 Synnex Technology International 955 0.04 2,387,439 Compal Electronics 1,124 0.04 5,859,364 Taishin Financial 1,969 0.08 10,620,103 CTBC Financial 5,123 0.20 3,195,251 Taiwan Business Bank 813 0.03 1,282,660 Delta Electronics 6,154 0.24 2,950,440 Taiwan Cement 3,222 0.12 7,069,669 E.Sun Financial 4,886 0.19 5,524,414 Taiwan Cooperative Financial 2,819 0.11 117,612 Eclat Textile 1,159 0.04 475,000 Taiwan Fertilizer 657 0.03 578,000 Epistar 586 0.02 671,705 Taiwan Glass Industry 196 0.01 522,874 Eternal Materials 460 0.02 1,266,000 Taiwan High Speed Rail 1,046 0.04 1,493,790 Eva Airways 435 0.02 927,300 Taiwan Mobile 2,396 0.09 1,419,444 Evergreen Marine Taiwan 629 0.02 190,000 Taiwan Secom 411 0.02 1,213,474 Far Eastern International Bank 346 0.01 14,202,000 Taiwan Semiconductor 154,178 5.94 2,289,305 Far Eastern New Century 1,538 0.06 Manufacturing 970,000 Far EasTone 1,514 0.06 1,146,000 Teco Electric and Machinery 855 0.03 Telecommunications 292,692 TPK 367 0.01 255,816 Feng TAY Enterprise 1,110 0.04 205,000 Transcend Information 342 0.01 6,119,390 First Financial 3,310 0.13 275,000 U-Ming Marine Transport 210 0.01 2,033,180 Formosa Chemicals & Fibre 3,509 0.14 688,000 Unimicron Technology 1,289 0.05 790,000 Formosa Petrochemical 1,649 0.06 2,879,186 Uni-President Enterprises 4,874 0.19 2,924,320 Formosa Plastics 5,813 0.22 6,568,000 United Microelectronics 3,544 0.14 510,000 Formosa Taffeta 411 0.02 524,000 Vanguard International 1,247 0.05 620,287 Foxconn Technology 823 0.03 Semiconductor 4,323,561 Fubon Financial 4,705 0.18 1,926,000 Walsin Lihwa 824 0.03 183,000 Giant Manufacturing 1,421 0.05 276,000 Walsin Technology 1,124 0.04 131,000 Globalwafers 1,312 0.05 406,700 Wan Hai Lines 219 0.01 7,087,549 Hon Hai Precision Industry 13,873 0.53 231,000 Win Semiconductors 1,682 0.06 185,000 Hotai Motor 2,811 0.11 1,610,863 Wistron 1,308 0.05 472,737 HTC 362 0.01 48,000 Wiwynn 955 0.04 5,559,585 Hua Nan Financial 2,554 0.10 269,000 Yageo 2,280 0.09 4,603,746 Innolux 1,069 0.04 6,854,687 Yuanta Financial 3,202 0.12 1,817,070 Inventec 1,052 0.04 478,000 Yulon Motor 308 0.01 61,000 Largan Precision 5,248 0.20 7,000 Yulon Nissan Motor 44 0.00 1,234,040 Lite-On Technology 1,457 0.06 336,000 Zhen Ding Technology 1,052 0.04 877,614 MediaTek 12,420 0.48 352,778 13.58 6,389,739 Mega Financial 4,757 0.18 3,308,000 Nan Ya Plastics 5,162 0.20 Thailand − 2.26%; 29.2.2020 2.72% 435,000 Nanya Technology 575 0.02 180,600 Advanced Info Service 791 0.03 353,000 Novatek Microelectronics 2,156 0.08 486,300 Advanced Info Service 2,130 0.08 78,184 OBI Pharma 235 0.01 1,706,300 Airports of Thailand 2,293 0.09 552,500 Oriental Union Chemical 240 0.01 725,000 Airports of Thailand 974 0.04 1,162,534 Pegatron 1,849 0.07 3,625,300 Asset World 339 0.01

BlackRock Collective Investment Funds 108 iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

420,100 B Grimm PowerØ 466 0.02 89,300 Siam Cement 759 0.03 286,000 Bangkok Bank 731 0.03 416,300 Siam CementØ 3,536 0.14 3,711,900 Bangkok Dusit Medical Services 1,844 0.07 27,208 Siam City CementØ 92 0.00 1,533,900 Bangkok Dusit Medical 762 0.03 1,183,200 Siam Commercial BankØ 2,051 0.08 Ø Services 223,600 Siam Commercial Bank 388 0.01 4,806,600 Bangkok Expressway & Metro 1,044 0.04 13,104 Srisawad Warrants 31/12/20491 –0.00 Ø 2,829,000 Banpu 387 0.01 327,600 SrisawadØ 360 0.01 205,900 Berli Jucker 183 0.01 634,300 Thai OilØ 632 0.02 416,650 Berli Jucker 370 0.01 772,100 Thai Union 261 0.01 Ø 5,253,232 BTS 1,298 0.05 755,120 Thai Union 255 0.01 211,800 Bumrungrad Hospital 562 0.02 25,105,877 TMB BankØ 566 0.02 Ø 629,900 Central Pattana 710 0.03 5,625,427 TMB Bank 127 0.00 839,800 Central Pattana 947 0.04 269,900 Total Access CommunicationØ 230 0.01 219,600 Charoen Pokphand Foods 170 0.01 119,300 Total Access Communication 102 0.00 Ø 1,854,400 Charoen Pokphand Foods 1,435 0.06 5,664,045 TrueØ 451 0.02 656,300 CP ALL 996 0.04 58,989 2.26 2,440,000 CP ALL 3,703 0.14 3,023,931 Digital Telecommunications 1,074 0.04 EUROPE − 4.10%; 29.2.2020 5.30% Infrastructure Fund 165,100 Electricity GeneratingØ 880 0.03 EQUITIES − 4.10%; 29.2.2020 5.30% Ø 1,042,400 Energy Absolute 1,044 0.04 Czech Republic − 0.11%; 29.2.2020 0.15% 410,900 Global Power Synergy 631 0.02 91,095 CEZ 1,412 0.05 Ø 2,251,400 Gulf Energy Development 1,702 0.07 43,252 Komercni bankaØ 782 0.03 225,140 Gulf Energy Development 80.00 329,639 Moneta Money Bank 624 0.02 Rights 21/9/2020 24,542 O2 Czech Republic 184 0.01 3,317,200 Home Product CenterØ 1,186 0.05 601,700 Indorama Ventures 342 0.01 3,002 0.11 Ø 538,200 Indorama Ventures 306 0.01 Greece − 0.20%; 29.2.2020 0.29% Ø 1,298,600 Intouch 1,698 0.07 788,206 Alpha Bank AEØ 390 0.01 Ø 8,400,900 IRPC 472 0.02 1,482,896 Eurobank Ergasias Services and 533 0.02 Ø 356,100 Kasikornbank 720 0.03 8,200 FF1 –0.00 686,000 Kasikornbank 1,387 0.05 23,718 Hellenic Petroleum 108 0.00 3,520,100 Krung Thai Bank 802 0.03 145,457 Hellenic Telecommunications 1,780 0.07 Ø 877,500 Krungthai Card 642 0.02 OrganizationØ Ø 3,102,320 Land & Houses 551 0.02 63,289 JUMBO 823 0.03 Ø 2,332,086 Minor International 1,254 0.05 30,121 Motor Oil Hellas Corinth 315 0.01 92,401 Minor International Warrants 20.00 RefineriesØ 30/9/2021 61,255 MytilineosØ 431 0.02 106,004 Minor International Warrants 25 0.00 268,712 National Bank of Greece 274 0.01 31/7/2023 127,780 OPAP 877 0.03 453,900 Muangthai Capital 542 0.02 803,300 Osotspa 747 0.03 5,531 0.20 7,905,200 PTT 6,829 0.26 Hungary − 0.24%; 29.2.2020 0.32% 582,000 PTT 503 0.02 250,293 Magyar Telekom 227 0.01 Ø 815,000 PTT Exploration & Production 1,741 0.07 Telecommunications 81,153 PTT Global Chemical 90 0.00 263,643 MOL Hungarian Oil & Gas 1,109 0.04 Ø 1,177,100 PTT Global Chemical 1,306 0.05 136,112 OTP Bank Nyrt 3,446 0.13 101,500 Ratch 136 0.01 316,800 RatchØ 424 0.02

109 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

86,020 Richter Gedeon Nyrt 1,583 0.06 1,622,197 VTB Bank 1,107 0.04

6,365 0.24 79,960 3.09

Romania − 0.03%; 29.2.2020 0.05% Turkey − 0.43%; 29.2.2020 0.59% 235,004 NEPI Rockcastle 821 0.03 1,506,438 Akbank T.A.S. 748 0.03 121,616 Anadolu Efes Biracilik Ve Malt 237 0.01 Russia − 3.09%; 29.2.2020 3.90% Sanayii 393,030 Aeroflot 318 0.01 124,967 ArcelikØ 267 0.01 1,496,639 Alrosa 997 0.04 379,422 Aselsan Elektronik Sanayi Ve 625 0.02 210,346,070 Federal Grid Unified Energy 417 0.02 Ticaret System 264,093 BIM Birlesik Magazalar 1,819 0.07 2,581,475 Gazprom 9,382 0.36 23,266 Coca-Cola Icecek 102 0.00 1,158,348 Gazprom 2,113 0.08 346,904 Enka Insaat ve Sanayi 225 0.01 20,587,860 Inter RAO UES 1,074 0.04 858,727 Eregli Demir ve Celik 760 0.03 141,011 Lukoil 7,199 0.28 FabrikalariØ 104,554 LUKOIL 5,247 0.20 41,299 Ford Otomotiv Sanayi 353 0.01 163,525 Magnit 1,792 0.07 521,988 Haci Omer Sabanci 409 0.02 1,034,822 Magnitogorsk Iron & Steel Works 393 0.02 519,262 KOC 785 0.03 18,540 MMC Norilsk Nickel 3,603 0.14 40,520 Koza Altin IsletmeleriØ 320 0.01 114,172 MMC Norilsk Nickel 2,221 0.09 548,395 Petkim PetrokimyaØ 218 0.01 9,278 MMC Norilsk Nickel 181 0.01 1 Soda Sanayii – 0.00 139,444 Mobile TeleSystems 970 0.04 81,967 TAV HavalimanlariØ 125 0.00 254,296 Mobile TeleSystems 870 0.03 125,237 TekfenØ 188 0.01 846,089 Moscow Exchange MICEX-RTS 1,167 0.04 99,570 Tofas Turk Otomobil Fabrikasi 227 0.01 49,648 Novatek 5,488 0.21 71,428 Tupras Turkiye Petrol Rafinerileri 580 0.02 127,427 Novatek 1,422 0.05 358,852 Turk Hava YollariØ 385 0.01 592,020 Novolipetsk Steel 927 0.04 359,535 Turk TelekomunikasyonØ 249 0.01 37,548 PhosAgro 334 0.01 38,050 Turkcell Iletisim Hizmetleri 139 0.01 10,103 PhosAgro 285 0.01 565,376 Turkcell Iletisim Hizmetleri 821 0.03 15,981 Polyus 1,469 0.06 1,206,401 Turkiye Garanti BankasiØ 828 0.03 8,317 Polyus 1,513 0.06 742,277 Turkiye Is Bankasi 370 0.01 708,063 Rosneft Oil 2,685 0.10 1 Turkiye Sinai Kalkinma Bankasi – 0.00 16,265,660 Rosseti 238 0.01 231,524 Turkiye Sise ve Cam FabrikalariØ 142 0.01 47,827 Rostelecom 281 0.01 452,858 Turkiye Vakiflar Bankasi 187 0.01 425,876 Rostelecom 412 0.02 939,612 Yapi ve Kredi BankasiØ 193 0.01 397,162 RusHydro 284 0.01 102,607 Sberbank of Russia 926 0.04 11,302 0.43 5,675,528 Sberbank of Russia 12,936 0.50 MIDDLE EAST − 2.27%; 29.2.2020 2.78% 114,435 Severstal PAO 1,079 0.04 2,009,940 Sistema PJSFC 433 0.02 EQUITIES − 2.27%; 29.2.2020 2.78% 285,846 Surgutneftegas 1,057 0.04 Kuwait − 0.65%; 29.2.2020 0.79% 4,868,402 Surgutneftegas 1,823 0.07 662,930 Agility Public Warehousing KSC 1,011 0.04 1,440,106 Surgutneftegas 533 0.02 560,524 Boubyan Bank KSCP 793 0.03 87,009 Tatneft 466 0.02 212,943 Boubyan Petrochemicals KSCP 279 0.01 103,042 Tatneft 3,438 0.13 393,589 Burgan Bank SAK 190 0.01 256,431 Tatneft 1,414 0.05 1,079,719 Gulf Bank KSCP 560 0.02 866 Transneft 1,205 0.05 59,762 Humansoft KSC 369 0.01 9,619,699 Unipro 261 0.01 2,278,457 Kuwait Finance House KSCP 3,485 0.13

BlackRock Collective Investment Funds 110 iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

302,436 Mabanee SAK 471 0.02 NORTH AMERICA − 2.00%; 29.2.2020 2.75% 1,287,497 Mobile Telecommunications 1,859 0.07 KSC EQUITIES − 2.00%; 29.2.2020 2.75% 3,793,218 National Bank of Kuwait SAKP 7,974 0.31 Bahamas − 0.07%; 29.2.2020 0.09% 16,991 0.65 3,297,144 Ahli United Bank BSC 1,872 0.07

Qatar − 0.98%; 29.2.2020 1.11% Mexico − 1.93%; 29.2.2020 2.66% 962,710 Barwa Real Estate 662 0.03 1,876,594 Alfa 902 0.03 1,351,953 Commercial Bank PSQC/The 1,126 0.04 203,328 Alpek 112 0.00 1,057,570 Doha Bank 504 0.02 222,222 Alsea 171 0.01 1,041,780 Ezdan 294 0.01 17,575,727 America Movil 7,977 0.31 1,199,568 Industries Qatar 2,385 0.09 230,830 Arca Continental 784 0.03 2,085,384 Masraf Al Rayan 1,752 0.07 401,046 Banco del Bajio 239 0.01 2,737,770 Mesaieed Petrochemical 1,170 0.05 355,888 Banco Santander Mexico 169 0.01 476,270 Ooredoo 634 0.02 Institucion de Banca Multiple 942,950 Qatar Aluminum Manufacturing 187 0.01 Grupo Financiero Santand 315,027 Qatar Electricity & Water 1,091 0.04 297,093 Becle 425 0.02 275,629 Qatar Fuel 1,020 0.04 9,692,512 Cemex 2,319 0.09 1,496,952 Qatar Gas Transport 822 0.03 280,898 Coca-Cola Femsa 873 0.03 794,550 Qatar Insurance 339 0.01 161,380 Concentradora Fibra Danhos de 114 0.00 385,321 Qatar International Islamic Bank 665 0.03 142,628 El Puerto de Liverpool 279 0.01 733,274 Qatar Islamic Bank 2,365 0.09 1,642,147 Fibra Uno Administracion de 957 0.04 2,638,571 Qatar National Bank 9,570 0.37 1,078,123 Fomento Economico Mexicano 4,682 0.18 1,706,970 United Development 426 0.02 727,291 GMexico Transportes 692 0.03 1,089,030 Vodafone Qatar 285 0.01 118,855 Gruma 1,048 0.04 196,161 Grupo Aeroportuario del Centro 666 0.03 25,297 0.98 Norte United Arab Emirates − 0.64%; 29.2.2020 0.88% 250,300 Grupo Aeroportuario del 1,448 0.06 Pacifico 1,598,031 Abu Dhabi Commercial Bank 1,797 0.07 119,164 Grupo Aeroportuario del 1,008 0.04 467,904 Abu Dhabi Islamic Bank 381 0.01 Sureste 967,822 Air Arabia 226 0.01 1,364,461 Grupo Bimbo 1,881 0.07 2,235,958 Aldar Properties 923 0.04 237,814 Grupo Carso 354 0.01 553,812 DAMAC Properties Dubai 98 0.00 38,286 Grupo Elektra 1,557 0.06 1,969,702 Dana Gas 290 0.01 1,668,381 Grupo Financiero Banorte 4,281 0.17 1,542,628 Dubai Financial Market 267 0.01 1,233,936 Grupo Financiero Inbursa 673 0.03 1,050,709 Dubai Investments 258 0.01 312,419 Grupo Lala 147 0.01 1,159,486 Dubai Islamic Bank 967 0.04 1,897,112 Grupo Mexico 3,781 0.15 402,681 Emaar Development 184 0.01 1,382,670 Grupo Televisa SAB 1,260 0.05 1,356,296 Emaar Malls 383 0.01 93,055 Industrias Bachoco 217 0.01 2,151,918 Emaar Properties 1,260 0.05 67,227 Industrias Penoles 830 0.03 1,021,006 Emirates Telecommunications 3,438 0.13 303,523 Infraestructura Energetica Nova 657 0.03 2,628,944 First Abu Dhabi Bank 6,126 0.24 510,661 Kimberly-Clark de Mexico 608 0.02 16,598 0.64 207,040 Megacable 446 0.02 655,306 Orbia Advance 786 0.03 134,129 Promotora y Operadora de 742 0.03 Infraestructura 121,526 Regional 227 0.01 733,030 Telesites 413 0.02

111 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

3,026,005 Wal-Mart de Mexico 5,411 0.21 71,725 CVC Brasil Operadora e 179 0.01 Agencia de Viagens 49,136 1.93 9,755 CVC Brasil Operadora e –0.00 SOUTH AMERICA − 6.62%; 29.2.2020 9.01% Agencia de Viagens Warrants 29/1/20211 EQUITIES − 6.62%; 29.2.2020 9.01% 146,574 Cyrela Brazil Realty 481 0.02 Empreendimentos e Brazil − 5.67%; 29.2.2020 7.79% Participacoes 73,521 Aliansce Sonae Shopping 264 0.01 156,382 Duratex 339 0.01 Centers 175,602 EDP - Energias do Brasil 447 0.02 123,588 Alpargatas 626 0.02 434,015 Embraer 433 0.02 2,584,943 Ambev 4,332 0.17 150,168 Energisa 888 0.03 231,117 Atacadao 614 0.02 100,716 Eneva 678 0.03 163,438 Azul 494 0.02 103,314 Engie Brasil Energia 600 0.02 130,683 B2W Cia Digital 1,994 0.08 503,021 Equatorial Energia 1,589 0.06 1,204,863 B3 - Brasil Bolsa Balcao 9,645 0.37 144,273 Fleury 512 0.02 2,286,776 Banco Bradesco 6,457 0.25 610,128 Gerdau 1,586 0.06 740,799 Banco Bradesco 1,919 0.07 79,953 Gol Linhas Aereas Inteligentes 195 0.01 144,223 Banco BTG Pactual 1,577 0.06 152,026 Grendene 158 0.01 517,094 Banco do Brasil 2,298 0.09 82,407 Guararapes Confeccoes 196 0.01 111,936 Banco do Estado do Rio Grande 200 0.01 do Sul 124,577 Hapvida Participacoes e 1,098 0.04 Investimentos 214,155 Banco Santander Brasil 825 0.03 230,546 Hypera 993 0.04 391,585 BB Seguridade Participacoes 1,406 0.05 168,735 IRB Brasil Resseguros 159 0.01 413,776 BR Malls Participacoes 523 0.02 469,508 IRB Brasil Resseguros S/A 456 0.02 129,631 Bradespar 776 0.03 2,807,817 Itau Unibanco 9,002 0.35 100,451 Braskem 291 0.01 294,489 Itau Unibanco 904 0.03 373,733 BRF 997 0.04 2,552,398 Itausa 3,277 0.13 660,435 CCR 1,199 0.05 1 Itausa – 0.00 176,246 Centrais Eletricas Brasileiras 861 0.03 563,225 JBS 1,719 0.07 267,616 Centrais Eletricas Brasileiras 1,294 0.05 219,731 Klabin 768 0.03 90,158 Cia Brasileira de Distribuicao 780 0.03 330,387 Localiza Rent a Car 2,169 0.08 199,884 Cia de Locacao das Americas 555 0.02 433,140 Lojas Americanas 1,903 0.07 196,090 Cia de Saneamento Basico do 1,275 0.05 Estado de Sao Paulo 144,827 Lojas Americanas 540 0.02 115,449 Cia de Saneamento do Parana 420 0.02 477,518 Lojas Renner 2,826 0.11 112,819 Cia de Transmissao de Energia 329 0.01 38,400 M Dias Branco 185 0.01 Eletrica Paulista 383,892 Magazine Luiza 4,872 0.19 557,115 Cia Energetica de Minas Gerais 799 0.03 212,637 Multiplan Empreendimentos 603 0.02 123,198 Cia Energetica de Minas Gerais 177 0.01 Imobiliarios 103,112 Cia Energetica de Sao Paulo 422 0.02 450,316 Natura & 3,025 0.12 54,468 Cia Paranaense de Energia 458 0.02 117,161 Neoenergia 297 0.01 14,371 Cia Paranaense de Energia 119 0.00 260,566 Notre Dame Intermedica 2,629 0.10 Participacoes 414,890 Cia Siderurgica Nacional 859 0.03 146,435 Odontoprev 255 0.01 648,624 Cielo 403 0.02 449,825 Petrobras Distribuidora 1,307 0.05 1,008,622 Cogna Educacao 783 0.03 2,207,791 Petroleo Brasileiro 6,709 0.26 97,559 Cosan 1,106 0.04 2,694,882 Petroleo Brasileiro 8,031 0.31 76,194 Cosan Logistica 222 0.01 60,778 Porto Seguro 437 0.02 132,395 CPFL Energia 517 0.02

BlackRock Collective Investment Funds 112 iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

136,535 Qualicorp Consultoria e 580 0.02 17,484,257 Enel Americas 1,886 0.07 Corretora de Seguros 15,457,212 Enel Chile 874 0.03 138,214 Raia Drogasil 2,028 0.08 323,192 Engie Energia Chile 311 0.01 650,379 Rumo 2,001 0.08 467,254 Falabella 1,127 0.04 101,741 Sao Martinho 334 0.01 87,946,623 Itau CorpBanca Chile 194 0.01 164,610 Sul America 968 0.04 174,219 Latam Airlines 220 0.01 353,958 Suzano 2,419 0.09 309,059 Parque Arauco 354 0.01 248,987 Telefonica Brasil 1,621 0.06 134,118 Plaza 147 0.01 22,358 Telefonica Brasil 148 0.01 17,610 Sociedad Quimica y Minera de 412 0.02 476,697 TIM Participacoes 929 0.04 Chile 266,934 TOTVS 1,047 0.04 49,426 Sociedad Quimica y Minera de 1,162 0.04 161,063 Transmissora Alianca de 618 0.02 Chile Energia Eletrica 16,039 0.62 486,951 Ultrapar Participacoes 1,289 0.05 185,576 Usinas Siderurgicas de Minas 256 0.01 Colombia − 0.28%; 29.2.2020 0.42% Gerais Usiminas 167,359 Bancolombia 867 0.03 1,944,153 Vale 15,796 0.61 257,771 Bancolombia 1,366 0.05 546,418 Via Varejo S/A 1,523 0.06 319,181 Cementos Argos 310 0.01 429,214 WEG 3,776 0.15 2,646,205 Ecopetrol 1,146 0.04 177,190 YDUQS Participacoes 650 0.03 40,530 Financiera Colombiana 216 0.01 199,265 Grupo Argos SA/Colombia 473 0.02 146,244 5.67 2,897,162 Grupo Aval Acciones y Valores 537 0.02 Chile − 0.62%; 29.2.2020 0.76% 80,981 Grupo de Inversiones 287 0.01 1,607,173 AES Gener 189 0.01 Suramericana 1,261,075 Aguas Andinas 283 0.01 163,158 Grupo de Inversiones 682 0.03 66,231 Banco de ChileØ 828 0.03 Suramericana 14,948,233 Banco de Chile 938 0.04 1,074,250 Grupo Energia Bogota 523 0.02 24,514 Banco de Credito e Inversiones 575 0.02 223,855 Interconexion Electrica 934 0.04 57,458 Banco Santander ChileØ 660 0.03 7,341 0.28 14,233,293 Banco Santander Chile 412 0.02 722,227 Cencosud 831 0.03 Peru − 0.05%; 29.2.2020 0.04% 330,875 Cencosud Shopping 382 0.01 118,426 Cia de Minas Buenaventura 1,244 0.05 97,734 Cia Cervecerias Unidas 488 0.02 COLLECTIVE INVESTMENT 3,645,125 Colbun 428 0.02 SCHEMES − 2.03%; 29.2.2020 3.38% 130,095 Embotelladora Andina 208 0.01 Short-term Money Market Funds − 2.03%; 29.2.2020 3.38% 72,710 Empresa Nacional de 331 0.01 Telecomunicaciones 70,457,222 BlackRock ICS US Dollar 52,621 2.03 Liquidity Fund - Agency Income 706,038 Empresas CMPC 1,103 0.04 Class† 300,892 Empresas COPEC 1,696 0.07

113 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − 0.07%; 29.2.2020 (0.30%)

Futures − 0.07%; 29.2.2020 (0.30%) 1,575 MSCI Emerging Markets September 2020 64,720 1,918 0.07

Portfolio of investments 2,585,898 99.70 Net other assets 7,711 0.30

Total net assets 2,593,609 100.00

BlackRock Collective Investment Funds 114 iShares Emerging Markets Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 88,598 54,893 Revenue 45,526 45,583 Expenses (1,250) (1,193) Interest payable and similar charges (3) (3) Net revenue before taxation 44,273 44,387 Taxation (2,480) (4,598) Net revenue after taxation 41,793 39,789 Total return before distributions 130,391 94,682 Distributions (41,601) (37,454) Change in net assets attributable to unitholders from investment activities 88,790 57,228

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 2,321,572 1,587,451 Amounts receivable on issue of units 476,526 552,939 Amounts payable on cancellation of units (334,806) (139,567) 141,720 413,372 Change in net assets attributable to unitholders from investment activities 88,790 57,228 Retained distribution on accumulation units 41,527 40,207 Closing net assets attributable to unitholders 2,593,609 2,098,258 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

115 BlackRock Collective Investment Funds iShares Emerging Markets Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 2,585,898 2,319,644 Current assets − Debtors 11,347 7,593 − Cash and bank balances 8,700 10,875 − Cash collateral posted 5,791 6,643 Total assets 2,611,736 2,344,755

Liabilities: Investment liabilities – (6,938) Creditors − Amounts held at futures clearing houses and brokers (2,569) – − Distributions payable (1,020) (365) − Other creditors (14,538) (15,880) Total liabilities (18,127) (23,183) Net assets attributable to unitholders 2,593,609 2,321,572

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 116 iShares Global Property Securities Equity Index Fund (UK)

About the Fund

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class AIncome123456 7 A Accumulation 123456 7 L Accumulation 123456 7 X Income 123456 7 XAccumulation123456 7 D Income 123456 7 D Accumulation 123456 7 H Income 123456 7 H Accumulation 123456 7

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

117 BlackRock Collective Investment Funds iShares Global Property Securities Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Income 51,778 80 154.4 A Accumulation 3,556,784 6,666 187.4 L Accumulation 214,031,965 413,533 193.2 X Income 665,095 588 88.42 X Accumulation 577,099,937 1,026,572 177.9 D Income 391,042,157 607,681 155.4 D Accumulation 346,926,972 661,843 190.8 H Income 52,261,578 61,496 117.7 H Accumulation 209,692,704 287,570 137.1

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Income 2.2407 A Accumulation 2.6831 L Accumulation 3.0221 X Income 1.4875 X Accumulation 2.9342 D Income 2.5078 D Accumulation 3.0265 H Income 1.8966 H Accumulation 2.1804

BlackRock Collective Investment Funds 118 iShares Global Property Securities Equity Index Fund (UK)

Performance Record continued

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Income 0.56% 0.56% A Accumulation 0.56% 0.56% L Accumulation 0.22% 0.21% X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Income 0.18% 0.17% D Accumulation 0.18% 0.17% H Income 0.18% 0.17% H Accumulation 0.18% 0.17% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

119 BlackRock Collective Investment Funds iShares Global Property Securities Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

EQUITIES − 99.35%; 29.2.2020 100.01% 543,638 Cominar Real Estate Investment 2,191 0.07 Tr ust Ø Australia − 3.34%; 29.2.2020 3.51% 279,021 Crombie Real Estate Investment 2,102 0.07 1,470,493 BWP Trust 3,298 0.11 Tr ust Ø 1,249,089 Charter Hall Long Wale 3,415 0.11 Ø 474,202 Dream Industrial Real Estate 3,014 0.10 REIT Investment Trust 1,378,510 Charter Hall Retail REIT 2,612 0.09 132,240 Dream Office Real Estate 1,440 0.05 Ø 6,964,805 Cromwell Property 3,443 0.11 Investment TrustØ 3,175,718 Dexus 15,471 0.50 157,005 Granite Real Estate Investment 6,962 0.23 5,669,045 GPT 11,992 0.39 Tr ust 11,436,335 Mirvac 13,265 0.43 847,686 H&R Real Estate Investment 4,873 0.16 2,719,776 National Storage REIT 2,854 0.09 Tr ust Ø 15,091,207 Scentre 18,755 0.61 351,291 InterRent Real Estate Investment 2,501 0.08 3,192,383 Shopping Centres 3,950 0.13 Tr ust Australasia Property 302,118 Killam Apartment Real Estate 2,996 0.10 6,932,917 Stockland 15,164 0.49 Investment Trust 10,908,594 Vicinity Centres 8,646 0.28 178,076 Northview Apartment Real 3,490 0.11 Estate Investment Trust 102,865 3.34 458,614 NorthWest Healthcare 3,094 0.10 Austria − 0.15%; 29.2.2020 0.19% Properties Real Estate Investment TrustØ 203,313 CA Immobilien Anlagen 4,722 0.15 940,317 RioCan Real Estate Investment 8,166 0.27 Belgium − 1.13%; 29.2.2020 0.97% Tr ust Ø 80,997 AedificaØ 7,126 0.23 387,784 SmartCentres Real Estate 4,561 0.15 70,688 BefimmoØ 2,538 0.08 Investment TrustØ 76,900 Cofinimmo 8,407 0.27 386,684 Summit Industrial Income REIT 2,613 0.09 74,276 Intervest Offices & 1,466 0.05 178,772 WPT Industrial Real Estate 1,788 0.06 Warehouses Investment Trust 9,515 Leasinvest Real EstateØ 685 0.02 83,515 2.74 33,983 Retail Estates 1,736 0.06 391,390 Warehouses De Pauw 10,345 0.34 Finland − 0.36%; 29.2.2020 0.16% CVAØ 241,089 CityconØ 1,443 0.05 10,547 Wereldhave Belgium 443 0.01 523,336 Kojamo 9,443 0.31 Comm VA 10,886 0.36 47,738 Xior Student Housing 2,183 0.07 France − 1.63%; 29.2.2020 2.61% 34,929 1.13 120,105 CarmilaØ 991 0.03 Canada − 2.74%; 29.2.2020 2.97% 134,665 CovivioØ 7,470 0.24 361,744 Allied Properties Real 7,612 0.25 150,760 Gecina 15,499 0.51 Estate Investment Trust 94,488 ICADE 4,579 0.15 381,824 Artis Real Estate 1,913 0.06 550,773 KlepierreØ 6,782 0.22 Ø Investment Trust 179,456 MercialysØ 859 0.03 122,499 Boardwalk Real Estate 2,088 0.07 391,916 Unibail-Rodamco-WestfieldØ 13,709 0.45 Investment TrustØ 498,728 Canadian Apartment 12,864 0.42 49,889 1.63 Properties REIT Germany − 5.63%; 29.2.2020 3.96% 622,920 Chartwell Retirement 3,720 0.12 186,735 ADO Properties 4,297 0.14 ResidencesØ 519,897 alstria office REIT-AGØ 5,819 0.19 761,603 Choice Properties Real 5,527 0.18 Ø Estate Investment TrustØ 152,422 Deutsche EuroShop 1,696 0.06 1,047,050 Deutsche Wohnen 41,600 1.36

BlackRock Collective Investment Funds 120 iShares Global Property Securities Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

210,285 Hamborner REITØ 1,614 0.05 5,416 Daiwa Living InvestmentsØ 4,036 0.13 200,839 LEG Immobilien 22,065 0.72 5,846 Daiwa House REIT InvestmentØ 11,364 0.37 2,659,622 Sirius Real Estate 1,979 0.06 818 Daiwa Office InvestmentØ 3,474 0.11 367,112 TAG Immobilien 8,191 0.27 1,353 Frontier Real Estate Investment 3,349 0.11 44,719 TLG Immobilien 674 0.02 2,036 Fukuoka REITØ 1,952 0.06 1,578,175 Vonovia 84,466 2.76 2,704 Global One Real Estate 1,998 0.07 InvestmentØ 172,401 5.63 10,523 GLP J-ReitØ 12,117 0.40 Guernsey − 0.07%; 29.2.2020 0.14% 1,055,000 Hulic 7,170 0.23 1,478,511 BMO Commercial Property Trust 1,003 0.03 3,264 Hulic ReitØ 3,156 0.10 1,971,869 UK Commercial Property REITØ 1,307 0.04 3,476 Ichigo Office REIT InvestmentØ 1,841 0.06 5,490 Industrial & Infrastructure Fund 7,161 0.23 2,310 0.07 Investment Hong Kong − 6.01%; 29.2.2020 5.95% 26,284 Invesco Office J-Reit 2,736 0.09 Ø 5,674,427 Champion REITØ 2,236 0.07 13,820 Invincible Investment 3,081 0.10 7,818,253 CK Asset 31,644 1.03 3,726 Japan Excellent 3,283 0.11 Ø 3,905,000 Fortune Real Estate Investment 2,517 0.08 13,033 Japan Hotel REIT Investment 4,479 0.15 Tr ust Ø 2,536 Japan Logistics FundØ 5,088 0.17 5,889,881 Hang Lung Properties 12,373 0.40 2,581 Japan Prime Realty Investment 5,789 0.19 3,369,681 Hongkong LandØ 9,639 0.31 3,776 Japan Real Estate Investment 15,610 0.51 1,828,758 Hysan Development 4,318 0.14 7,599 Japan Retail Fund InvestmentØ 8,504 0.28 5,979,500 Link REIT 35,467 1.16 1,122 Kenedix Office Investment 4,931 0.16 4,143,745 New World Development 16,033 0.52 2,745 Kenedix Residential Next 3,648 0.12 Ø 9,607,108 Sino Land 8,360 0.27 Investment 4,132,487 Sun Hung Kai Properties 41,297 1.35 1,519 Kenedix Retail REIT 2,329 0.08 Ø 3,099,281 Swire PropertiesØ 6,272 0.20 3,910 LaSalle Logiport REIT 4,899 0.16 4,770,341 Wharf Real Estate Investment 14,802 0.48 4,672 MCUBS MidCity Investment 2,649 0.09 3,311,100 Mitsubishi EstateØ 38,687 1.26 184,958 6.01 825 Mitsubishi Estate Logistics REIT 2,519 0.08 Ø Ireland − 0.12%; 29.2.2020 0.11% Investment 2,004,313 Hibernia REIT 2,109 0.07 2,689,900 Mitsui Fudosan 36,354 1.19 Ø 1,342,655 Irish Residential Properties REIT 1,667 0.05 1,170 Mitsui Fudosan Logistics Park 4,359 0.14 4,443 Mori Hills REIT InvestmentØ 4,130 0.13 3,776 0.12 2,829 Mori Trust Sogo Reit 2,757 0.09 Ø Israel − 0.19%; 29.2.2020 0.17% 1,295 Nippon Accommodations Fund 5,910 0.19 408,088 Amot InvestmentsØ 1,559 0.05 3,681 Nippon Building Fund 16,462 0.54 105,737 Azrieli 4,265 0.14 6,201 Nippon Prologis REIT 15,132 0.49 1,280 NIPPON REIT Investment 3,331 0.11 5,824 0.19 334,900 Nomura Real EstateØ 4,781 0.16 Italy − 0.02%; 29.2.2020 0.02% 13,036 Nomura Real Estate Master 12,403 0.40 Ø 178,569 Immobiliare Grande 488 0.02 Fund Ø Distribuzione SIIQØ 7,645 Orix JREIT 8,351 0.27 3,760 Premier Investment 3,297 0.11 Japan − 11.57%; 29.2.2020 11.91% 11,775 Sekisui House Reit 6,178 0.20 2,008 Activia PropertiesØ 5,636 0.18 1,147,600 Sumitomo Realty & 25,306 0.83 3,749 Advance Residence Investment 8,238 0.27 DevelopmentØ Ø 351,700 Aeon Mall 3,475 0.11 577,800 Tokyo TatemonoØ 5,249 0.17 4,574 AEON REIT Investment 3,708 0.12 2,658 Tokyu REIT 2,649 0.09 1,734 Comforia Residential REITØ 3,957 0.13

121 BlackRock Collective Investment Funds iShares Global Property Securities Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

8,622 United Urban Investment 7,129 0.23 Spain − 0.43%; 29.2.2020 0.59% 949,544 Inmobiliaria Colonial Socimi 6,238 0.20 354,642 11.57 182,166 Lar Espana Real Estate Socimi 694 0.02 Luxembourg − 0.67%; 29.2.2020 0.84% 964,290 Merlin Properties Socimi 6,468 0.21 3,497,949 Aroundtown 14,391 0.47 13,400 0.43 325,269 Grand City Properties 6,235 0.20 Sweden − 1.96%; 29.2.2020 2.14% 20,626 0.67 126,151 Atrium Ljungberg 1,350 0.04 Netherlands − 0.17%; 29.2.2020 0.20% 783,458 Castellum 11,971 0.39 157,647 Eurocommercial PropertiesØ 1,411 0.05 70,273 CatenaØ 2,111 0.07 52,359 NSIØ 1,391 0.05 255,970 Dios Fastigheter 1,239 0.04 49,250 Vastned RetailØ 1,078 0.04 766,868 FabegeØ 6,986 0.23 132,295 WereldhaveØ 828 0.03 281,795 Fastighets Balder 8,418 0.27 328,444 Hufvudstaden 3,049 0.10 4,708 0.17 1,531,379 KlovernØ 1,762 0.06 New Zealand − 0.28%; 29.2.2020 0.09% 572,728 Kungsleden 3,402 0.11 3,103,717 Goodman Property Trust 3,643 0.12 494,243 Nyfosa 2,664 0.09 4,563,122 Kiwi Property 2,350 0.08 253,054 PandoxØ 2,150 0.07 3,078,467 Precinct Properties New 2,580 0.08 2,738,116 Samhallsbyggnadsbolaget i 5,714 0.19 ZealandØ NordenØ 475,343 WallenstamØ 4,643 0.15 8,573 0.28 391,782 Wihlborgs Fastigheter 4,668 0.15 Norway − 0.17%; 29.2.2020 0.16% 60,127 1.96 499,842 Entra 5,123 0.17 Switzerland − 1.26%; 29.2.2020 1.31% Singapore − 3.38%; 29.2.2020 3.02% 40,806 Allreal 6,329 0.21 8,546,160 Ascendas Real Estate 15,539 0.51 Investment TrustØ 8,149 Hiag Immobilien 635 0.02 5,485,000 Ascott Residence TrustØ 2,697 0.09 3,332 Intershop 1,583 0.05 7,277,402 CapitaLandØ 11,073 0.36 19,483 Mobimo 4,282 0.14 Ø 7,924,825 CapitaLand Commercial Trust 7,270 0.24 125,079 PSP Swiss Property 11,183 0.36 Ø 6,973,400 CapitaLand Mall TrustØ 7,470 0.24 218,346 Swiss Prime Site 14,723 0.48 Ø 2,458,560 CDL Hospitality Trusts 1,418 0.05 38,735 1.26 1,362,100 City DevelopmentsØ 5,971 0.20 2,130,400 Frasers Centrepoint TrustØ 2,926 0.10 United Kingdom − 4.75%; 29.2.2020 4.51% 7,292,300 Frasers Logistics & Commercial 5,368 0.18 691,616 Aberdeen Standard European 730 0.02 Tr ust Ø Logistics Income 3,549,233 Keppel DC REITØ 5,654 0.18 7,599,776 Assura 6,148 0.20 5,814,942 Keppel REITØ 3,354 0.11 475,117 Big Yellow 5,074 0.17 3,952,200 Manulife US Real Estate 2,184 0.07 795,295 BMO Real Estate Investments 541 0.02 Investment TrustØ 2,688,643 British Land 9,830 0.32 6,363,115 Mapletree Commercial Trust 6,676 0.22 2,232,554 Capital & Counties Properties 2,887 0.09 4,457,600 Mapletree Industrial TrustØ 7,468 0.24 1,792,578 Civitas Social Housing 1,979 0.06 7,403,503 Mapletree Logistics Trust 8,378 0.27 1,135,609 Custodian Reit 978 0.03 6,121,600 Suntec Real Estate Investment 4,708 0.15 292,402 Derwent London 8,269 0.27 Tr ust Ø 1,719,810 Empiric Student PropertyØ 1,200 0.04 1,432,695 UOLØ 5,163 0.17 1,341,333 GCP Student Living 1,848 0.06 1,932,498 Grainger 6,049 0.20 103,317 3.38 755,752 Great Portland Estates 4,560 0.15

BlackRock Collective Investment Funds 122 iShares Global Property Securities Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

2,415,501 Hammerson 1,170 0.04 1,475,399 Colony Capital 2,997 0.10 286,825 Helical 816 0.03 329,749 Columbia Property Trust 2,906 0.10 658,450 Impact Healthcare Reit 654 0.02 61,033 Community Healthcare Trust 2,127 0.07 2,071,977 Land 11,978 0.39 325,489 Corporate Office Properties 5,987 0.20 2,564,351 LondonMetric PropertyØ 6,067 0.20 Tr ust Ø 1,410,608 LXI REIT 1,594 0.05 429,193 Cousins Properties 9,568 0.31 Ø 971,635 NewRiver REIT 578 0.02 560,181 CubeSmart 13,225 0.43 Ø 247,862 Phoenix Spree Deutschland 756 0.02 333,434 CyrusOne 20,784 0.68 1,555,187 Picton Property Income 1,093 0.04 570,669 DiamondRock Hospitality 2,259 0.07 Ø 3,494,794 Primary Health Properties 5,312 0.17 775,843 Digital Realty Trust 90,126 2.94 738,586 RDI REITØ 629 0.02 686,286 Diversified Healthcare Trust 1,943 0.06 1,096,788 Regional REIT 838 0.03 482,402 Douglas Emmett 10,059 0.33 600,215 Safestore 4,691 0.15 1,068,577 Duke Realty 30,750 1.00 1,333,229 Schroder Real Estate Investment 398 0.01 225,003 Easterly Government 4,065 0.13 Ø Tr ust Properties Ø 3,457,982 Segro 32,941 1.07 111,421 EastGroup Properties 11,093 0.36 Ø 641,704 Shaftesbury 3,391 0.11 444,419 Empire State Realty Trust 2,094 0.07 1,191,515 Standard Life Investment 626 0.02 227,084 EPR Properties 5,480 0.18 Property Income Trust 338,420 Equity Commonwealth 7,934 0.26 1,281,003 Target Healthcare REIT 1,391 0.05 504,290 Equity LifeStyle PropertiesØ 24,956 0.81 917,446 Triple Point Social Housing Reit 982 0.03 1,066,434 Equity Residential 44,921 1.47 4,961,702 Tritax Big Box REITØ 7,725 0.25 270,209 Essential Properties Realty Trust 3,421 0.11 1,215,960 Tritax EuroBox 1,109 0.04 189,173 Essex Property Trust 30,574 1.00 925,106 Unite 8,936 0.29 365,753 Extra Space StorageØ 29,100 0.95 402,534 Workspace 2,266 0.07 218,211 Federal Realty Investment TrustØ 12,901 0.42 366,012 First Industrial Realty Trust 11,656 0.38 146,034 4.75 204,569 Four Corners Property Trust 3,858 0.13 United States of America − 53.32%; 29.2.2020 54.48% 346,363 Franklin Street PropertiesØ 1,146 0.04 242,358 Acadia Realty Trust 2,051 0.07 582,711 Gaming and Leisure Properties 15,806 0.52 153,440 Agree RealtyØ 7,669 0.25 96,688 Getty Realty 2,115 0.07 6,448 Alexander’s 1,236 0.04 389,575 Healthcare Realty TrustØ 8,382 0.27 363,278 Alexandria Real Estate EquitiesØ 45,665 1.49 630,297 Healthcare Trust of America 12,409 0.40 144,603 American Assets Trust 2,758 0.09 1,564,351 Healthpeak PropertiesØ 32,270 1.05 396,939 American Campus Communities 10,050 0.33 298,240 Highwoods Properties 8,299 0.27 326,692 American Finance Trust 1,666 0.05 2,027,511 Host Hotels & ResortsØ 17,005 0.55 752,754 American Homes 4 RentØ 16,101 0.53 435,499 Hudson Pacific PropertiesØ 7,624 0.25 580,694 Americold Realty TrustØ 16,619 0.54 289,875 Independence Realty Trust 2,535 0.08 429,306 Apartment Investment and 11,543 0.38 194,761 Industrial Logistics Properties 3,138 0.10 Management Tr ust 605,066 Apple Hospitality REIT 4,596 0.15 49,589 Innovative Industrial PropertiesØ 4,550 0.15 167,745 Armada Hoffler Properties 1,264 0.04 35,809 Investors Real Estate TrustØ 1,901 0.06 408,299 AvalonBay Communities 48,180 1.57 1,578,864 Invitation HomesØ 33,748 1.10 451,211 Boston Properties 29,261 0.95 353,174 JBG SMITH PropertiesØ 7,291 0.24 504,441 Brandywine Realty TrustØ 4,193 0.14 356,546 Kennedy-Wilson 3,803 0.12 859,003 Brixmor Property 7,557 0.25 333,150 Kilroy RealtyØ 14,551 0.47 168,102 Brookfield Property REITØ 1,448 0.05 1,197,757 Kimco Realty 10,717 0.35 273,551 Camden Property Trust 18,565 0.61 244,776 Kite Realty Trust 2,053 0.07 263,999 CareTrust REIT 3,819 0.12 737,927 Lexington Realty TrustØ 6,266 0.20

123 BlackRock Collective Investment Funds iShares Global Property Securities Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

135,232 Life Storage 10,644 0.35 439,743 SITE CentersØ 2,463 0.08 115,471 LTC PropertiesØ 3,142 0.10 224,191 SL Green RealtyØ 7,824 0.26 413,551 MacerichØ 2,446 0.08 298,240 Spirit Realty CapitalØ 7,907 0.26 263,200 Mack-Cali RealtyØ 2,485 0.08 432,152 STAG IndustrialØ 10,418 0.34 1,508,162 Medical Properties TrustØ 20,906 0.68 651,766 STORE CapitalØ 13,153 0.43 330,380 Mid-America Apartment 28,874 0.94 313,089 Summit Hotel PropertiesØ 1,380 0.05 Communities 280,347 Sun CommunitiesØ 31,204 1.02 282,586 Monmouth Real Estate 3,060 0.10 644,780 Sunstone Hotel Investors 4,011 0.13 Investment 271,232 Tanger Factory Outlet CentersØ 1,153 0.04 Ø 125,610 National Health Investors 5,829 0.19 179,909 Taubman Centers 5,148 0.17 Ø 496,603 National Retail Properties 13,137 0.43 192,253 Terreno RealtyØ 8,563 0.28 178,829 National Storage Affiliates Trust 4,580 0.15 849,573 UDRØ 22,081 0.72 145,444 Office Properties Income Trust 2,589 0.08 37,601 Universal Health Realty Income 1,873 0.06 652,436 Omega Healthcare Investors 15,081 0.49 Tr ust 545,016 Paramount 3,012 0.10 334,264 Urban Edge Properties 2,634 0.09 Ø 708,677 Park Hotels & Resorts 5,018 0.16 86,556 Urstadt Biddle Properties 602 0.02 Ø 385,086 Pebblebrook Hotel Trust 3,627 0.12 1,082,808 VentasØ 33,294 1.09 Ø 585,608 Physicians Realty Trust 7,934 0.26 3,131,376 VEREITØ 15,716 0.51 373,630 Piedmont Office Realty Trust 4,269 0.14 1,361,619 VICI PropertiesØ 22,708 0.74 Ø 2,138,448 Prologis 162,618 5.30 508,810 Vornado Realty TrustØ 13,616 0.44 58,519 PS Business Parks 5,516 0.18 245,361 Washington Real Estate 4,019 0.13 437,572 Public Storage 69,364 2.26 Investment TrustØ 173,196 QTS Realty TrustØ 8,771 0.29 352,222 Weingarten Realty Investors 4,590 0.15 997,899 Realty IncomeØ 46,185 1.51 1,213,266 Welltower 52,084 1.70 488,637 Regency Centers 14,484 0.47 496,241 WP Carey 25,702 0.84 346,391 Retail Opportunity InvestmentsØ 2,879 0.09 324,254 Xenia Hotels & Resorts 2,172 0.07 637,817 Retail Properties of AmericaØ 3,006 0.10 1,634,398 53.32 336,557 Rexford Industrial RealtyØ 12,043 0.39 Ø COLLECTIVE INVESTMENT 485,716 RLJ Lodging Trust 3,421 0.11 SCHEMES − 0.24; 29.2.2020 0.07% 268,127 RPT Realty 1,173 0.04 150,610 Ryman Hospitality Properties 4,291 0.14 Short-term Money Market Funds − 0.24%; 29.2.2020 0.07% 592,287 Sabra Health Care REIT 6,560 0.21 9,787,884 BlackRock ICS US Dollar 7,310 0.24 Liquidity Fund - Agency Income 37,342 Saul Centers 781 0.03 Class† 494,852 Service Properties TrustØ 3,034 0.10 882,830 Simon Property 44,690 1.46

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − 0.02%; 29.2.2020 (0.05%)

Futures − 0.02%; 29.2.2020 (0.05%) 39 Dow Jones US Real Estate September 2020 940 56 0.00 40 FTSE 100 Index September 2020 2,385 (14) 0.00 24 Hang Seng Index September 2020 2,900 (40) 0.00 138 S&P 500 E-Mini September 2020 18,031 574 0.02 28 SPI 200 September 2020 2,331 7 0.00

BlackRock Collective Investment Funds 124 iShares Global Property Securities Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

37 TOPIX Index September 2020 4,211 78 0.00

30,798 661 0.02

Portfolio of investments 3,054,217 99.61 Net other assets 11,812 0.39

Total net assets 3,066,029 100.00

125 BlackRock Collective Investment Funds iShares Global Property Securities Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital (losses)/gains (426,459) 338,377 Revenue 52,297 53,622 Expenses (1,810) (1,978) Interest payable and similar charges (12) (6) Net revenue before taxation 50,475 51,638 Taxation (8,246) (8,413) Net revenue after taxation 42,229 43,225 Total return before distributions (384,230) 381,602 Distributions (41,413) (43,225) Change in net assets attributable to unitholders from investment activities (425,643) 338,377

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 2,796,223 2,425,900 Amounts receivable on issue of units 1,166,142 505,840 Amounts payable on cancellation of units (509,262) (581,201) 656,880 (75,361) Change in net assets attributable to unitholders from investment activities (425,643) 338,377 Retained distribution on accumulation units 38,569 29,090 Closing net assets attributable to unitholders 3,066,029 2,718,006 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

BlackRock Collective Investment Funds 126 iShares Global Property Securities Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 3,054,271 2,798,292 Current assets − Debtors 123,685 16,991 − Cash and bank balances 8,364 13,245 − Cash collateral posted 1,777 – Total assets 3,188,097 2,828,528

Liabilities: Investment liabilities (54) (1,227) Creditors − Amounts held at futures clearing houses and brokers (678) – − Distributions payable (10,809) (9,129) − Other creditors (110,527) (21,949) Total liabilities (122,068) (32,305) Net assets attributable to unitholders 3,066,029 2,796,223

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

127 BlackRock Collective Investment Funds iShares Index Linked Gilt Index Fund (UK)

About the Fund

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Accumulation 12345 67 L Accumulation 12345 67 X Income 12345 67 XAccumulation12345 67 D Accumulation 12345 67 H Accumulation 12345 67

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

BlackRock Collective Investment Funds 128 iShares Index Linked Gilt Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 322,435 575 178.4 L Accumulation 36,259,463 66,070 182.2 X Income 6,688,358 11,798 176.4 X Accumulation 1,037,555,896 1,916,946 184.8 D Accumulation 134,942,759 247,723 183.6 H Accumulation 41,321,830 66,752 161.5

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 0.0000 L Accumulation 0.1358 X Income 0.3107 X Accumulation 0.3249 D Accumulation 0.2299 H Accumulation 0.2024

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.51% 0.51% L Accumulation 0.21% 0.21% X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Accumulation 0.11% 0.11% H Accumulation 0.11% 0.11% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

129 BlackRock Collective Investment Funds iShares Index Linked Gilt Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

BONDS − 99.79%; 29.2.2020 99.77% £39,836,913 United Kingdom Gilt Inflation 98,652 4.27 Linked 0.25% 22/3/2052 UK Sterling Denominated Government £40,203,682 United Kingdom Gilt Inflation 126,106 5.46 Bonds − 99.79%; 29.2.2020 99.77% Linked 0.375% 22/3/2062 £42,456,602 United Kingdom Gilt 57,251 2.48 £40,216,186 United Kingdom Gilt Inflation 114,600 4.96 Inflation Linked 0.125% Linked 0.5% 22/3/2050 22/3/2026 £46,249,780 United Kingdom Gilt Inflation 110,187 4.77 £50,131,000 United Kingdom Gilt 67,177 2.91 Linked 0.625% 22/3/2040 Inflation Linked 0.125% 10/8/2028 £40,671,050 United Kingdom Gilt Inflation 104,204 4.51 Linked 0.625% 22/11/2042 £50,389,169 United Kingdom Gilt 80,707 3.49 Inflation Linked 0.125% £48,826,207 United Kingdom Gilt Inflation 97,029 4.20 22/3/2029 Linked 0.75% 22/3/2034 £42,510,515 United Kingdom Gilt 74,407 3.22 £37,448,453 United Kingdom Gilt Inflation 110,323 4.78 Inflation Linked 0.125% Linked 0.75% 22/11/2047 22/11/2036 £41,200,641 United Kingdom Gilt Inflation 108,540 4.70 £38,197,000 United Kingdom Gilt 66,964 2.90 Linked 1.125% 22/11/2037 Inflation Linked 0.125% £909,000 United Kingdom Gilt Inflation 2,395 0.10 10/8/2041 Linked 1.125% 22/11/2037 £51,065,488 United Kingdom Gilt 106,861 4.63 £44,531,566 United Kingdom Gilt Inflation 90,458 3.92 Inflation Linked 0.125% Linked 1.25% 22/11/2027 22/3/2044 £45,942,000 United Kingdom Gilt Inflation 99,510 4.31 £44,332,801 United Kingdom Gilt 90,076 3.90 Linked 1.25% 22/11/2032 Inflation Linked 0.125% £33,214,917 United Kingdom Gilt Inflation 137,404 5.95 22/3/2046 Linked 1.25% 22/11/2055 £37,997,738 United Kingdom Gilt 75,669 3.27 £29,431,000 United Kingdom Gilt Inflation 89,213 3.86 Inflation Linked 0.125% Linked 2% 26/1/2035 10/8/2048 £15,473,385 United Kingdom Gilt Inflation 59,882 2.59 £19,057,000 United Kingdom Gilt 45,438 1.97 Linked 4.125% 22/7/2030 Inflation Linked 0.125% 2,305,055 99.79 22/11/2056 £35,650,830 United Kingdom Gilt 90,309 3.91 Inflation Linked 0.125% Portfolio of investments 2,305,055 99.79 22/3/2058 Net other assets 4,809 0.21 £23,709,000 United Kingdom Gilt 68,541 2.97 Total net assets 2,309,864 100.00 Inflation Linked 0.125% 22/11/2065 Unless otherwise stated, all securities are either listed on a recognised exchange or traded on an £41,453,249 United Kingdom Gilt 133,152 5.76 eligible securities market. Inflation Linked 0.125% All securities in the portfolio at 31 August 2020 are investment grade. 22/3/2068

BlackRock Collective Investment Funds 130 iShares Index Linked Gilt Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 32,555 337,698 Revenue 3,938 4,227 Expenses (305) (269) Net revenue before taxation 3,633 3,958 Taxation – – Net revenue after taxation 3,633 3,958 Total return before distributions 36,188 341,656 Distributions (3,633) (3,958) Change in net assets attributable to unitholders from investment activities 32,555 337,698

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 2,225,828 1,737,847 Amounts receivable on issue of units 362,370 448,365 Amounts payable on cancellation of units (314,703) (204,650) 47,667 243,715 Change in net assets attributable to unitholders from investment activities 32,555 337,698 Retained distribution on accumulation units 3,814 4,272 Closing net assets attributable to unitholders 2,309,864 2,323,532 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

131 BlackRock Collective Investment Funds iShares Index Linked Gilt Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 2,305,055 2,220,730 Current assets − Debtors 29,407 37,715 − Cash and bank balances 1,796 2,695 Total assets 2,336,258 2,261,140

Liabilities: Creditors − Distributions payable (20) (20) − Other creditors (26,374) (35,292) Total liabilities (26,394) (35,312) Net assets attributable to unitholders 2,309,864 2,225,828

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 132 iShares Japan Equity Index Fund (UK)

About the Fund

Risk and Reward Profile

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

133 BlackRock Collective Investment Funds iShares Japan Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 1,723,761 3,853 223.5 L Income 4,425,742 7,478 169.0 L Accumulation 507,378,888 1,163,164 229.3 X Income 20,442,732 37,986 185.8 X Accumulation 157,919,687 340,712 215.8 D Accumulation 71,095,996 161,962 227.8 H Accumulation 74,411,914 134,560 180.8

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 2.0491 L Income 1.8141 L Accumulation 2.4362 X Income 2.1767 X Accumulation 2.4969 D Accumulation 2.5641 H Accumulation 2.0353

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.52% 0.51% L Income 0.22% 0.22% L Accumulation 0.22% 0.21% X Income 0.02% 0.01% X Accumulation 0.02% 0.01% D Accumulation 0.09% 0.08% H Accumulation 0.09% 0.08% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

BlackRock Collective Investment Funds 134 iShares Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

EQUITIES − 97.89%; 29.2.2020 98.34% 55,500 Nifco Inc/JapanØ 1,062 0.06 90,400 Nisshinbo 467 0.03 JAPAN − 97.89%; 29.2.2020 98.34% 67,300 NOKØ 547 0.03 Advertising − 0.21%; 29.2.2020 0.23% 94,600 Stanley ElectricØ 2,022 0.11 134,624 Dentsu 2,639 0.14 470,975 Sumitomo Electric Industries 4,135 0.22 Ø 147,700 Hakuhodo DY 1,372 0.07 108,930 Sumitomo Rubber Industries 783 0.04 35,400 Tokai Rika 397 0.02 4,011 0.21 66,900 Toyo TireØ 832 0.04 Aerospace & Defence − 0.10%; 29.2.2020 0.15% 50,755 Toyoda Gosei 827 0.04 Ø 83,500 IHI 926 0.05 44,300 Toyota Boshoku 468 0.03 90,000 Kawasaki Heavy 952 0.05 101,900 Toyota Industries 4,428 0.24 Ø Industries 32,700 TS TechØ 714 0.04 1,878 0.10 61,500 Yokohama Rubber 718 0.04

Agriculture − 0.57%; 29.2.2020 0.66% 45,354 2.45 Ø 754,900 Japan Tobacco 10,535 0.57 Banks − 4.80%; 29.2.2020 5.61% Ø Airlines − 0.13%; 29.2.2020 0.16% 47,100 77 Bank 517 0.03 Ø 68,600 ANA 1,279 0.07 79,526 AEON Financial Service 528 0.03 Ø 71,900 Japan Airlines 1,070 0.06 77,900 Aozora Bank 1,045 0.06 44,600 Bank of KyotoØ 1,418 0.08 2,349 0.13 403,600 Chiba BankØ 1,561 0.08 Ø Apparel − 0.09%; 29.2.2020 0.09% 105,017 Chugoku Bank 723 0.04 Ø 106,000 AsicsØ 1,092 0.06 717,700 Concordia Financial 1,774 0.10 Ø 35,700 WacoalØ 474 0.03 24,800 Daishi Hokuetsu Financial 356 0.02 102,980 Fukuoka Financial 1,273 0.07 1,566 0.09 252,512 Gunma Bank 619 0.03 Ø Automobile Manufacturers − 6.62%; 29.2.2020 7.32% 295,600 Hachijuni Bank 851 0.05 Ø 181,800 Hino Motors 913 0.05 162,200 Hiroshima Bank 611 0.03 Ø 1,084,420 Honda MotorØ 20,812 1.12 70,800 Hokuhoku Financial 490 0.03 Ø 327,200 Isuzu Motors 2,409 0.13 180,800 Iyo Bank 858 0.05 Ø 374,500 Mazda MotorØ 1,794 0.10 257,800 Japan Post Bank 1,547 0.08 Ø 367,200 Mitsubishi MotorsØ 657 0.04 119,900 Kansai Mirai Financial 374 0.02 Ø 1,222,821 Nissan MotorØ 3,716 0.20 260,550 Kyushu Financial 890 0.05 Ø 33,600 Nissan ShataiØ 224 0.01 7,921,576 Mitsubishi UFJ Financial 24,648 1.33 Ø 387,500 SubaruØ 6,005 0.32 16,115,300 Mizuho Financial 16,298 0.88 Ø 286,831 Suzuki MotorØ 8,783 0.47 100,600 Nishi-Nippon Financial 497 0.03 Ø 1,565,760 Toyota MotorØ 77,258 4.18 1,388,747 Resona 3,814 0.21 384,800 Seven BankØ 721 0.04 122,571 6.62 33,400 Shiga BankØ 583 0.03 Automobile Parts & Equipment − 2.45%; 29.2.2020 2.59% 116,500 Shinsei Bank 1,017 0.05 Ø 112,000 Aisin SeikiØ 2,871 0.16 309,772 Shizuoka Bank 1,601 0.09 Ø 369,356 BridgestoneØ 8,738 0.47 823,308 Sumitomo Mitsui Financial 18,074 0.98 Ø 288,516 DensoØ 9,048 0.49 232,600 Sumitomo Mitsui Trust 5,024 0.27 Ø 146,709 JtektØ 845 0.05 142,700 Yamaguchi Financial 705 0.04 73,800 Koito ManufacturingØ 2,666 0.14 88,417 4.80 163,077 NGK InsulatorsØ 1,724 0.09 128,100 NGK Spark PlugØ 1,638 0.09 Beverages − 1.07%; 29.2.2020 1.20% 90,500 NHK Spring 424 0.02 241,624 Asahi 6,317 0.34

135 BlackRock Collective Investment Funds iShares Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

84,800 Coca-Cola Bottlers Japan 1,054 0.06 94,000 Taiyo Nippon SansoØ 1,233 0.07 34,658 Ito EnØ 1,562 0.08 127,300 Tokai CarbonØ 890 0.05 487,461 Kirin 7,153 0.39 41,000 Tokuyama 717 0.04 45,300 SapporoØ 603 0.03 943,600 Toray Industries 3,344 0.18 81,600 Suntory Beverage & Food 2,348 0.13 175,000 TosohØ 1,940 0.10 102,100 TakaraØ 714 0.04 60,600 Ube IndustriesØ 809 0.04 90,642 ZeonØ 712 0.04 19,751 1.07 75,564 4.07 Biotechnology − 0.08%; 29.2.2020 0.02% 9,000 JCR Pharmaceuticals 721 0.04 Commercial Services − 2.59%; 29.2.2020 2.52% 32,700 Takara BioØ 659 0.04 39,400 Benefit OneØ 710 0.04 47,978 Benesse 912 0.05 1,380 0.08 177,800 Dai Nippon Printing 2,815 0.15 Building Materials − 1.96%; 29.2.2020 1.65% 26,100 GMO Payment GatewayØ 2,053 0.11 118,100 Agc Inc 2,495 0.13 82,500 Nihon M&A Center 3,056 0.17 169,300 Daikin Industries 23,799 1.29 68,738 Park24Ø 928 0.05 171,800 LIXIL 2,358 0.13 112,600 PersolØ 1,312 0.07 24,298 Rinnai 1,672 0.09 807,200 RecruitØ 22,853 1.24 118,700 Sanwa 892 0.05 123,799 Secom 8,736 0.47 22,100 Sumitomo Osaka CementØ 535 0.03 40,800 Sohgo Security Services 1,422 0.08 79,000 Taiheiyo Cement 1,498 0.08 21,900 TechnoProØ 871 0.05 92,800 TotoØ 3,039 0.16 176,300 Toppan Printing 2,045 0.11

36,288 1.96 47,713 2.59

Chemicals − 4.07%; 29.2.2020 4.26% Computers − 2.07%; 29.2.2020 1.81% 31,400 Aica KogyoØ 804 0.04 120,015 Fujitsu 11,681 0.63 110,741 Air WaterØ 1,162 0.06 63,100 Itochu Techno-Solutions 1,704 0.09 781,300 Asahi Kasei 4,891 0.26 158,600 NEC 6,233 0.34 163,600 DaicelØ 885 0.05 56,200 NET One SystemsØ 1,611 0.09 59,000 DenkaØ 1,239 0.07 38,700 Nihon UnisysØ 829 0.04 48,900 DIC 869 0.05 166,000 Nomura Research InstituteØ 3,288 0.18 33,300 Kaneka 630 0.03 22,300 NS SolutionsØ 482 0.03 124,400 Kansai Paint 2,212 0.12 401,000 NTT Data 3,420 0.18 215,051 Kuraray 1,640 0.09 42,500 Obic 5,624 0.30 30,400 Lintec 537 0.03 63,300 OtsukaØ 2,318 0.13 814,221 Mitsubishi Chemical 3,550 0.19 27,200 SCSKØ 1,100 0.06 112,300 Mitsubishi Gas ChemicalØ 1,497 0.08 38,290 2.07 109,200 Mitsui ChemicalsØ 1,917 0.10 101,800 Nippon KayakuØ 748 0.04 Cosmetics & Personal Care − 2.39%; 29.2.2020 2.38% 99,200 Nippon PaintØ 6,351 0.34 43,200 FanclØ 1,051 0.06 20,900 Nippon ShokubaiØ 821 0.04 300,554 Kao 17,074 0.92 87,283 Nissan ChemicalØ 3,449 0.19 18,100 KoseØ 1,585 0.09 96,562 Nitto DenkoØ 4,373 0.24 162,937 Lion 2,575 0.14 45,800 NOF 1,385 0.07 10,500 Noevir 358 0.02 252,215 Shin-Etsu ChemicalØ 22,870 1.24 67,600 PigeonØ 2,304 0.12 89,300 Showa DenkoØ 1,300 0.07 44,400 Pola OrbisØ 600 0.03 21,100 Sumitomo Bakelite 417 0.02 246,891 ShiseidoØ 10,723 0.58 979,186 Sumitomo ChemicalØ 2,372 0.13

BlackRock Collective Investment Funds 136 iShares Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

247,700 Unicharm 8,040 0.43 104,800 Electric Power DevelopmentØ 1,179 0.06 99,316 Hokuriku Electric PowerØ 547 0.03 44,310 2.39 470,159 Kansai Electric Power 3,457 0.19 Distribution & Wholesale − 3.29%; 29.2.2020 3.61% 291,700 Kyushu Electric Power 1,927 0.10 861,723 ItochuØ 16,517 0.89 90,768 Shikoku Electric PowerØ 515 0.03 983,800 MarubeniØ 4,425 0.24 293,048 Tohoku Electric Power 2,217 0.12 760,969 Mitsubishi 13,401 0.72 976,785 Tokyo Electric Power 2,139 0.12 1,048,336 Mitsui &Ø 14,043 0.76 17,844 0.96 64,355 Nagase & 625 0.03 19,200 PALTAC 791 0.04 Electronics − 4.93%; 29.2.2020 4.83% 778,780 SojitzØ 1,327 0.07 129,894 Alps AlpineØ 1,541 0.08 711,221 Sumitomo 6,867 0.37 90,900 AnritsuØ 1,481 0.08 143,300 Toyota TsushoØ 3,113 0.17 81,500 AzbilØ 1,909 0.10 38,900 Fujitsu General 760 0.04 61,109 3.29 21,002 Hirose Electric 1,772 0.10 Diversified Financial Services − 1.85%; 29.2.2020 1.97% 22,800 HoribaØ 930 0.05 226,801 AcomØ 660 0.04 231,246 Hoya 16,938 0.92 94,800 Credit Saison 807 0.04 71,000 IbidenØ 1,660 0.09 961,116 Daiwa 3,233 0.17 22,600 Japan Aviation Electronics 220 0.01 12,800 Fuyo General Lease 576 0.03 Industry 28,900 Hitachi CapitalØ 527 0.03 197,000 KyoceraØ 8,444 0.46 339,500 Japan ExchangeØ 6,559 0.35 265,143 Minebea MitsumiØ 3,432 0.19 61,100 MatsuiØ 406 0.02 361,601 Murata Manufacturing 15,991 0.86 603,000 Mebuki FinancialØ 1,079 0.06 294,100 NidecØ 18,432 1.00 274,300 Mitsubishi UFJ Lease & 968 0.05 47,400 Nippon Electric Glass 660 0.04 FinanceØ 116,900 OmronØ 6,389 0.35 1,914,820 NomuraØ 7,342 0.40 23,800 ScreenØ 867 0.05 306,200 OrientØ 250 0.01 81,700 Taiyo YudenØ 1,643 0.09 797,200 ORIX 7,403 0.40 77,120 TDKØ 5,975 0.32 147,200 SBI Inc/Japan 2,498 0.13 158,800 Yokogawa ElectricØ 1,937 0.10 38,700 Tokyo CenturyØ 1,483 0.08 90,981 4.93 30,500 Zenkoku Hosho 807 0.04 Engineering & Construction − 1.19%; 29.2.2020 1.27% 34,598 1.85 68,167 ComsysØ 1,422 0.08 Electrical Components & 29,800 Japan Airport TerminalØ 1,000 0.05 Equipment − 0.37%; 29.2.2020 0.42% 134,300 JGCØ 1,106 0.06 143,800 Brother Industries 1,777 0.10 293,161 KajimaØ 2,721 0.15 134,000 Casio Computer 1,612 0.09 72,500 KandenkoØ 425 0.02 181,800 Fujikura 399 0.02 84,900 Kinden 1,042 0.06 Ø 38,000 Furukawa Electric 676 0.04 61,200 Kyowa ExeoØ 1,150 0.06 Ø 52,892 GS Yuasa 654 0.04 25,900 Kyudenko 553 0.03 Ø 30,422 Mabuchi Motor 800 0.04 86,900 Maeda 481 0.03 Ø 72,700 Ushio 672 0.04 21,600 Maeda Road ConstructionØ 297 0.02 35,700 Nippo 689 0.04 6,590 0.37 432,900 ObayashiØ 3,159 0.17 Electricity − 0.96%; 29.2.2020 1.15% 180,400 Penta-Ocean ConstructionØ 863 0.05 Ø 445,603 Chubu Electric Power 4,108 0.22 341,400 ShimizuØ 1,962 0.11 Ø 193,200 Chugoku Electric Power 1,755 0.09 27,400 Sho-BondØ 965 0.05

137 BlackRock Collective Investment Funds iShares Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

129,300 TaiseiØ 3,337 0.18 79,100 Sumitomo Forestry 945 0.05 131,300 Toda 638 0.03 3,301 0.18 21,810 1.19 Gas − 0.54%; 29.2.2020 0.50% Entertainment − 0.88%; 29.2.2020 0.84% 255,400 Osaka GasØ 3,725 0.20 118,900 Oriental LandØ 12,046 0.65 55,400 Toho Gas 1,820 0.10 30,000 Sankyo 619 0.03 269,800 Tokyo Gas 4,477 0.24 121,896 Sega Sammy 1,054 0.06 10,022 0.54 6,500 Shochiku 650 0.03 68,900 Toho 1,951 0.11 Hand & Machine Tools − 0.68%; 29.2.2020 0.63% 200,100 AmadaØ 1,328 0.07 16,320 0.88 17,400 DiscoØ 3,029 0.16 Environmental Control − 0.08%; 29.2.2020 0.08% 60,900 DMG Mori 577 0.03 66,600 Kurita Water Industries 1,557 0.08 79,191 Fuji ElectricØ 1,849 0.10 157,000 MakitaØ 5,418 0.29 Food Producers − 2.87%; 29.2.2020 2.75% 44,000 OSGØ 485 0.03 316,300 AjinomotoØ 4,397 0.24 11,700 Ariake JapanØ 600 0.03 12,686 0.68 45,400 Calbee 1,055 0.06 Healthcare Products − 2.13%; 29.2.2020 1.92% 30,700 Ezaki GlicoØ 971 0.05 121,200 Asahi InteccØ 2,672 0.14 27,500 Fuji OilØ 600 0.03 43,600 ManiØ 825 0.04 44,800 House Foods 1,128 0.06 46,400 Nihon Kohden 1,181 0.06 83,400 Itoham YonekyuØ 414 0.02 67,500 NiproØ 568 0.03 47,446 Kagome 1,099 0.06 669,848 OlympusØ 9,893 0.53 65,839 KewpieØ 931 0.05 172,517 ShimadzuØ 3,839 0.21 114,100 KikkomanØ 4,629 0.25 120,200 SysmexØ 7,831 0.42 15,400 Kobe BussanØ 677 0.04 416,500 TerumoØ 12,640 0.68 12,100 Kotobuki SpiritsØ 415 0.02 66,900 Topcon 402 0.02 25,800 Maruha Nichiro 436 0.02 29,300 Megmilk Snow Brand 495 0.03 39,851 2.13 85,308 MeijiØ 5,137 0.28 Healthcare Services − 0.16%; 29.2.2020 0.17% 5,800 Mitsubishi ShokuhinØ 111 0.01 16,400 Ain 789 0.04 25,000 Morinaga &Ø 683 0.04 30,626 H.U.Ø 563 0.03 25,600 Morinaga Milk IndustryØ 927 0.05 53,400 PeptiDreamØ 1,619 0.09 65,200 NH FoodsØ 2,200 0.12 65,500 Nichirei 1,276 0.07 2,971 0.16 169,990 Nisshin SeifunØ 2,095 0.11 Home Builders − 1.11%; 29.2.2020 1.17% 44,900 Nissin Foods 3,349 0.18 412,260 Daiwa House Industry 8,246 0.45 490,122 Seven & iØ 11,819 0.64 171,700 HasekoØ 1,750 0.09 55,853 Toyo Suisan Kaisha 2,368 0.13 85,300 IidaØ 1,243 0.07 77,300 Yakult Honsha 3,288 0.18 39,000 Open HouseØ 1,033 0.06 77,034 Yamazaki Baking 935 0.05 227,051 Sekisui ChemicalØ 2,706 0.15 14,600 Yaoko 851 0.05 363,440 Sekisui House 5,355 0.29 52,886 2.87 20,333 1.11 Forest Products & Paper − 0.18%; 29.2.2020 0.22% Home Furnishings − 3.15%; 29.2.2020 2.91% 54,100 Nippon Paper IndustriesØ 514 0.03 34,200 HoshizakiØ 1,949 0.11 545,980 OjiØ 1,842 0.10 56,300 Kokuyo 468 0.03

BlackRock Collective Investment Funds 138 iShares Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

1,364,178 Panasonic 9,392 0.51 182,583 Yamaha MotorØ 2,147 0.12 100,102 SharpØ 928 0.05 14,830 0.80 776,826 Sony 45,371 2.45 Lodging − 0.05%; 29.2.2020 0.05% 58,108 3.15 16,600 Kyoritsu MaintenanceØ 455 0.02 Household Products − 0.02%; 29.2.2020 0.03% 44,200 Resorttrust 470 0.03 20,100 Pilot 441 0.02 925 0.05 Insurance − 2.34%; 29.2.2020 2.85% Machinery Construction & Mining − 2.31%; 29.2.2020 2.45% 683,200 Dai-ichi LifeØ 7,725 0.42 587,070 Hitachi 14,583 0.79 846,000 Japan PostØ 4,667 0.25 69,400 Hitachi Construction MachineryØ 1,818 0.10 121,300 Japan Post InsuranceØ 1,446 0.08 580,705 KomatsuØ 9,417 0.51 306,712 MS&AD InsuranceØ 6,345 0.34 1,253,365 Mitsubishi Electric 12,905 0.70 215,100 SompoØ 6,020 0.33 180,200 Mitsubishi Heavy Industries 3,342 0.18 356,330 T&D 2,783 0.15 78,900 TadanoØ 482 0.03 412,424 Tokio Marine 14,180 0.77 42,547 2.31 43,166 2.34 Machinery Diversified − 4.98%; 29.2.2020 4.35% Internet − 1.99%; 29.2.2020 1.32% 61,400 Daifuku 4,035 0.22 11,300 Askul 260 0.01 58,300 Ebara 1,121 0.06 61,800 CyberAgentØ 2,450 0.13 121,876 Fanuc 15,948 0.86 40,300 GMO internet 809 0.04 114,700 KeyenceØ 35,253 1.91 85,800 Kakaku.com 1,706 0.09 697,699 KubotaØ 9,410 0.51 34,900 LINEØ 1,327 0.07 64,300 MiuraØ 1,963 0.11 267,300 M3Ø 11,521 0.62 72,500 NabtescoØ 1,713 0.09 72,400 MonotaROØ 2,126 0.11 16,700 OkumaØ 569 0.03 498,700 RakutenØ 3,273 0.18 36,400 SMC 14,930 0.81 32,100 SMS 663 0.04 75,000 Sumitomo Heavy IndustriesØ 1,274 0.07 74,100 Trend Micro Inc/Japan 3,418 0.18 75,600 THK 1,323 0.07 1,665,400 ZØ 8,269 0.45 165,255 Yaskawa ElectricØ 4,434 0.24 59,900 Zozo 1,258 0.07 91,973 4.98 37,080 1.99 Media − 0.06%; 29.2.2020 0.07% Iron & Steel − 0.48%; 29.2.2020 0.58% 31,000 Fuji Media 230 0.01 22,300 Daido SteelØ 554 0.03 14,600 Nippon Television 129 0.01 130,347 Hitachi MetalsØ 1,460 0.08 63,900 SKY Perfect JSAT 182 0.01 41,400 Japan Steel WorksØ 446 0.02 27,626 Tokyo Broadcasting System 356 0.02 327,385 JFE 1,849 0.10 8,500 TV Asahi 101 0.01 177,300 Kobe SteelØ 508 0.03 514,220 Nippon Steel 3,775 0.20 998 0.06 21,463 Yamato Kogyo 384 0.02 Metal & Hardware − 0.34%; 29.2.2020 0.32% 8,976 0.48 36,679 Maruichi Steel Tube 734 0.04 180,400 MisumiØ 3,532 0.19 Leisure Time − 0.80%; 29.2.2020 0.75% 275,600 NSKØ 1,578 0.09 24,100 Daiichikosho 561 0.03 278,081 NTNØ 400 0.02 29,700 Heiwa 374 0.02 19,500 HIS 260 0.01 6,244 0.34 49,600 Shimano 7,828 0.42 100,700 YamahaØ 3,660 0.20

139 BlackRock Collective Investment Funds iShares Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Mining − 0.31%; 29.2.2020 0.33% 19,800 Kaken Pharmaceutical 683 0.04 26,500 DowaØ 614 0.03 15,649 Kissei Pharmaceutical 254 0.01 76,300 Mitsubishi Materials 1,196 0.06 38,600 Kobayashi PharmaceuticalØ 2,561 0.14 35,500 Mitsui Mining & SmeltingØ 637 0.03 161,400 Kyowa KirinØ 3,108 0.17 152,700 Sumitomo Metal Mining 3,480 0.19 89,700 MedipalØ 1,279 0.07 18,100 Mochida Pharmaceutical 498 0.03 5,927 0.31 31,900 Nippon Shinyaku 1,964 0.11 Miscellaneous Manufacturing − 0.58%; 29.2.2020 0.64% 271,403 Ono Pharmaceutical 6,103 0.33 38,500 Amano 598 0.03 268,896 Otsuka 8,817 0.48 31,480 Glory 491 0.03 64,880 Rohto Pharmaceutical 1,538 0.08 118,585 JSRØ 1,887 0.10 224,500 Santen Pharmaceutical 3,184 0.17 210,800 NikonØ 1,235 0.07 23,300 Sawai Pharmaceutical 888 0.05 279,260 ToshibaØ 5,999 0.32 173,800 Shionogi &Ø 7,180 0.39 50,700 ToyoboØ 545 0.03 25,400 Ship HealthcareØ 877 0.05 104,800 Sumitomo Dainippon PharmaØ 990 0.05 10,755 0.58 46,955 Suzuken Ltd/Aichi Japan 1,301 0.07 Office & Business Equipment − 1.17%; 29.2.2020 1.58% 26,600 Taisho PharmaceuticalØ 1,220 0.07 636,609 CanonØ 8,198 0.44 973,168 Takeda Pharmaceutical 27,121 1.47 32,100 Canon Marketing Japan 428 0.02 38,438 Tsumura & 815 0.04 223,687 FujifilmØ 7,942 0.43 139,107 7.55 291,642 Konica MinoltaØ 702 0.04 420,394 RicohØ 2,345 0.13 Real Estate Investment & Services − 1.73%; 29.2.2020 2.18% 171,700 Seiko EpsonØ 1,530 0.08 82,700 Aeon MallØ 817 0.04 15,600 Toshiba TECØ 486 0.03 42,000 Daito Trust Construction 2,780 0.15 233,600 Hulic 1,588 0.09 21,631 1.17 153,300 Ichigo 307 0.02 Oil & Gas Producers − 0.62%; 29.2.2020 0.76% 723,527 Mitsubishi Estate 8,454 0.46 41,114 Cosmo EnergyØ 486 0.03 586,916 Mitsui Fudosan 7,932 0.43 1,903,000 Eneos 5,562 0.30 75,668 Nomura Real Estate 1,080 0.06 145,815 Idemitsu Kosan 2,393 0.13 62,000 ReloØ 1,050 0.06 566,400 Inpex 2,687 0.15 250,415 Sumitomo Realty & Development 5,522 0.30 16,200 Japan Petroleum Exploration 210 0.01 121,700 Tokyo Tatemono 1,106 0.06 364,600 Tokyu FudosanØ 1,171 0.06 11,338 0.62 31,807 1.73 Packaging & Containers − 0.14%; 29.2.2020 0.16% 13,400 FP 762 0.04 Retail − 3.59%; 29.2.2020 3.29% 24,400 Fuji Seal International 330 0.02 16,000 ABC-MartØ 628 0.03 123,850 RengoØ 683 0.04 443,200 AeonØ 8,205 0.44 88,200 Toyo SeikanØ 737 0.04 41,600 Autobacs Seven 402 0.02 90,600 Bic CameraØ 749 0.04 2,512 0.14 155,900 Citizen WatchØ 370 0.02 Pharmaceuticals − 7.55%; 29.2.2020 7.03% 11,000 Cosmos PharmaceuticalØ 1,443 0.08 108,300 AlfresaØ 1,622 0.09 32,832 Fast RetailingØ 14,628 0.79 1,180,900 Astellas Pharma 13,839 0.75 22,800 GoldwinØ 1,224 0.07 412,400 Chugai PharmaceuticalØ 13,709 0.74 59,500 H2O RetailingØ 310 0.02 405,500 Daiichi Sankyo 26,945 1.46 227,778 Isetan Mitsukoshi 934 0.05 168,800 Eisai 11,013 0.60 23,800 IzumiØ 692 0.04 46,500 Hisamitsu PharmaceuticalØ 1,598 0.09 151,000 J Front RetailingØ 784 0.04

BlackRock Collective Investment Funds 140 iShares Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

114,900 K’s 1,215 0.07 1,083,900 KDDIØ 23,428 1.27 9,400 Kusuri no AokiØ 597 0.03 787,132 Nippon Telegraph & Telephone 13,366 0.72 29,100 LawsonØ 1,070 0.06 718,100 NTT DocomoØ 14,876 0.80 128,000 MaruiØ 1,745 0.09 1,160,300 SoftBankØ 11,351 0.61 46,592 Matsumotokiyoshi 1,216 0.07 1,029,034 SoftBankØ 47,818 2.58 47,200 Nitori 7,368 0.40 113,453 6.12 322,292 Pan Pacific InternationalØ 5,636 0.30 155,600 Ryohin Keikaku 1,819 0.10 Textiles − 0.08%; 29.2.2020 0.09% 13,500 ShimamuraØ 831 0.04 124,100 Teijin 1,453 0.08 123,500 SkylarkØ 1,464 0.08 Toys, Games & Hobbies − 1.79%; 29.2.2020 1.29% 21,800 SugiØ 1,173 0.06 123,605 Bandai NamcoØ 5,729 0.31 40,200 Sundrug 1,117 0.06 67,689 Nintendo 26,959 1.46 65,600 Sushiro Global 1,138 0.06 35,800 Sanrio 447 0.02 91,700 TakashimayaØ 539 0.03 22,800 TsuruhaØ 2,274 0.12 33,135 1.79 140,400 USS 1,770 0.10 Transportation − 4.39%; 29.2.2020 4.78% 62,200 Welcia 1,984 0.11 114,800 Central Japan RailwayØ 12,843 0.69 491,804 Yamada Denki 1,967 0.11 229,614 East Japan RailwayØ 11,152 0.60 63,000 ZenshoØ 1,059 0.06 22,000 Fukuyama Transporting 807 0.04 66,351 3.59 140,700 Hankyu Hanshin 3,414 0.18 30,300 Hitachi Transport System 786 0.04 Semiconductors − 1.88%; 29.2.2020 1.68% 61,400 Kamigumi 947 0.05 126,100 AdvantestØ 4,503 0.24 54,700 Kawasaki Kisen KaishaØ 455 0.02 81,589 Hamamatsu Photonics 2,773 0.15 61,100 KeihanØ 1,964 0.11 48,800 LasertecØ 2,746 0.15 155,200 KeikyuØ 1,726 0.09 468,800 Renesas Electronics 2,202 0.12 71,500 KeioØ 3,223 0.17 51,417 Rohm 2,466 0.13 91,500 Keisei Electric RailwayØ 2,007 0.11 145,400 SUMCOØ 1,473 0.08 112,200 KintetsuØ 3,674 0.20 93,751 Tokyo Electron 17,926 0.97 97,800 Kyushu Railway 1,609 0.09 29,800 UlvacØ 790 0.04 45,000 Mitsubishi LogisticsØ 1,017 0.05 34,879 1.88 75,000 Mitsui OSK Lines 1,034 0.06 121,600 Nagoya RailroadØ 2,533 0.14 Software − 1.00%; 29.2.2020 0.79% 67,200 Nankai Electric RailwayØ 1,102 0.06 55,596 CapcomØ 2,005 0.11 43,800 Nippon ExpressØ 1,919 0.10 66,500 DeNAØ 791 0.04 108,600 Nippon Yusen 1,267 0.07 18,660 GungHo Online Entertainment 287 0.02 45,100 Nishi-Nippon RailroadØ 978 0.05 23,000 JustsystemsØ 1,314 0.07 194,000 Odakyu Electric RailwayØ 3,576 0.19 38,780 Koei TecmoØ 1,147 0.06 29,400 SankyuØ 915 0.05 60,800 KonamiØ 1,747 0.09 126,800 SeibuØ 1,036 0.06 259,600 NexonØ 4,538 0.25 97,527 SeinoØ 1,111 0.06 8,000 OBIC Business Consultants 355 0.02 136,600 SGØ 4,671 0.25 21,200 Oracle Japan 1,854 0.10 47,300 SotetsuØ 961 0.05 47,100 Square Enix 2,312 0.12 131,300 Tobu RailwayØ 3,047 0.16 153,500 TIS 2,291 0.12 307,900 Tokyu 3,071 0.17 18,641 1.00 116,687 West Japan RailwayØ 4,567 0.25 219,200 Yamato 4,270 0.23 Telecommunications − 6.12%; 29.2.2020 5.88% 14,500 Hikari Tsushin 2,614 0.14 81,682 4.39

141 BlackRock Collective Investment Funds iShares Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − 0.06%; 29.2.2020 (0.18%)

Futures − 0.06%; 29.2.2020 (0.18%) 338 TOPIX Index September 2020 38,468 1,077 0.06

Portfolio of investments 1,811,872 97.95 Net other assets 37,843 2.05

Total net assets 1,849,715 100.00

BlackRock Collective Investment Funds 142 iShares Japan Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 65,782 117,893 Revenue 23,905 21,543 Expenses (1,406) (1,288) Interest payable and similar charges (53) (45) Net revenue before taxation 22,446 20,210 Taxation (1,939) (2,135) Net revenue after taxation 20,507 18,075 Total return before distributions 86,289 135,968 Distributions (20,507) (18,075) Change in net assets attributable to unitholders from investment activities 65,782 117,893

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 1,802,270 1,445,543 Amounts receivable on issue of units 262,792 343,496 Amounts payable on cancellation of units (300,805) (233,483) (38,013) 110,013 Change in net assets attributable to unitholders from investment activities 65,782 117,893 Retained distribution on accumulation units 19,676 18,112 Closing net assets attributable to unitholders 1,849,715 1,691,561 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

143 BlackRock Collective Investment Funds iShares Japan Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 1,811,872 1,772,329 Current assets − Debtors 17,439 20,099 − Cash and bank balances 49,347 25,388 Total assets 1,878,658 1,817,816

Liabilities: Investment liabilities – (3,307) Creditors − Amounts held at futures clearing houses and brokers (781) – − Distributions payable (526) (507) − Other creditors (27,636) (11,732) Total liabilities (28,943) (15,546) Net assets attributable to unitholders 1,849,715 1,802,270

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 144 iShares Mid Cap UK Equity Index Fund (UK)

About the Fund

Risk and Reward Profile

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

145 BlackRock Collective Investment Funds iShares Mid Cap UK Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 2,988,637 5,725 191.6 L Income 100 – 96.28 L Accumulation 7,040,202 13,705 194.7 X Income 100 – 95.73 X Accumulation 117,471,373 232,736 198.1 D Income 34,126,183 56,493 165.5 D Accumulation 145,368,836 286,872 197.3

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 1.5567 L Income 0.0000 L Accumulation 1.8033 X Income 0.9600 X Accumulation 1.9844 D Income 1.5793 D Accumulation 1.8651

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.52% 0.52% L Income 0.22% 0.22% L Accumulation 0.22% 0.22% X Income 0.02% 0.02% X Accumulation 0.02% 0.02% D Income 0.17% 0.17% D Accumulation 0.17% 0.17% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

BlackRock Collective Investment Funds 146 iShares Mid Cap UK Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

EQUITIES − 71.57%; 29.2.2020 75.22% ISLE OF MAN − 0.33%; 29.2.2020 1.43%

AUSTRIA − 0.24%; 29.2.2020 0.22% Entertainment − 0.00%; 29.2.2020 1.23%

Hand & Machine Tools − 0.24%; 29.2.2020 0.22% Software − 0.33%; 29.2.2020 0.20% 52,346 RHI Magnesita 1,415 0.24 528,436 Playtech 1,949 0.33

BERMUDA − 0.79%; 29.2.2020 0.92% ISRAEL − 0.45%; 29.2.2020 0.27%

Insurance − 0.79%; 29.2.2020 0.92% Diversified Financial Services − 0.45%; 29.2.2020 0.27% 594,073 HiscoxØ 4,713 0.79 185,316 Plus500Ø 2,702 0.45

GEORGIA − 0.20%; 29.2.2020 0.29% JERSEY − 0.96%; 29.2.2020 0.58%

Banks − 0.20%; 29.2.2020 0.29% Diversified Financial Services − 0.29%; 29.2.2020 0.21% 70,248 Bank of Georgia 645 0.11 250,735 SanneØ 1,740 0.29 61,701 TBC Bank 560 0.09 Mining − 0.67%; 29.2.2020 0.37% 1,205 0.20 1,913,392 Centamin 3,999 0.67

GERMANY − 0.64%; 29.2.2020 0.21% MEXICO − 0.00%; 29.2.2020 0.30%

Leisure Time − 0.43%; 29.2.2020 0.00% Mining − 0.00%; 29.2.2020 0.30% 780,007 TUIØ 2,572 0.43 NETHERLANDS − 0.07%; 29.2.2020 0.10% Real Estate Investment & Services − 0.21%; 29.2.2020 0.21% Lodging − 0.07%; 29.2.2020 0.10% 1,667,915 Sirius Real Estate 1,241 0.21 37,337 PPHE HotelØ 420 0.07 GIBRALTAR − 0.16%; 29.2.2020 0.08% PERU − 0.18%; 29.2.2020 0.11% Entertainment − 0.16%; 29.2.2020 0.08% Mining − 0.18%; 29.2.2020 0.11% 486,204 888 968 0.16 451,948 Hochschild MiningØ 1,086 0.18 GUERNSEY − 0.23%; 29.2.2020 0.27% RUSSIA − 0.28%; 29.2.2020 0.00% Private Equity − 0.11%; 29.2.2020 0.13% Mining − 0.28%; 29.2.2020 0.00% 969,714 BMO Commercial 658 0.11 4,623,393 Petropavlovsk 1,692 0.28 Property TrustØ SINGAPORE − 0.20%; 29.2.2020 0.00% Real Estate Investment Trusts − 0.12%; 29.2.2020 0.14% 1,119,561 UK Commercial 742 0.12 Electricity − 0.20%; 29.2.2020 0.00% Property REITØ 26,272 XP Power 1,180 0.20

IRELAND − 1.43%; 29.2.2020 1.51% SOUTH AFRICA − 0.59%; 29.2.2020 1.06%

Beverages − 0.20%; 29.2.2020 0.28% Banks − 0.29%; 29.2.2020 0.70% 561,106 C&C 1,198 0.20 1,185,561 Investec 1,746 0.29

Food Producers − 0.17%; 29.2.2020 0.25% Healthcare Services − 0.30%; 29.2.2020 0.36% 785,333 Greencore 987 0.17 684,007 Mediclinic InternationalØ 1,778 0.30

Healthcare Services − 0.55%; 29.2.2020 0.47% SWITZERLAND − 1.55%; 29.2.2020 1.36% 450,163 UDG Healthcare 3,282 0.55 Airlines − 0.79%; 29.2.2020 0.63% Retail − 0.51%; 29.2.2020 0.51% 121,035 Wizz Air 4,703 0.79 390,382 Grafton 3,035 0.51 Commercial Services − 0.60%; 29.2.2020 0.63% 1,269,555 IWG 3,575 0.60

147 BlackRock Collective Investment Funds iShares Mid Cap UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Iron & Steel − 0.16%; 29.2.2020 0.10% Chemicals − 0.79%; 29.2.2020 0.87% 505,553 Ferrexpo 932 0.16 599,217 Synthomer 1,878 0.32 144,266 Victrex 2,784 0.47 UNITED ARAB EMIRATES − 0.47%; 29.2.2020 0.64% 4,662 0.79 Diversified Financial Services − 0.47%; 29.2.2020 0.64% 754,274 Network InternationalØ 2,824 0.47 Commercial Services − 3.63%; 29.2.2020 4.64% 50,274 4imprint 1,091 0.18 UNITED KINGDOM − 62.24%; 29.2.2020 65.75% 422,655 AggrekoØ 2,016 0.34 Advertising − 0.37%; 29.2.2020 0.37% 902,830 Babcock International 2,457 0.41 Ø 706,715 Ascential 2,205 0.37 250,239 Calisen 440 0.07 Ø Aerospace & Defence − 1.37%; 29.2.2020 0.37% 2,857,602 Capita 884 0.15 518,767 Chemring 1,255 0.21 585,896 Equiniti 664 0.11 1 1,377,276 Meggitt 4,006 0.67 321,570 Finablr 30.00 Ø 124,812 Ultra Electronics 2,906 0.49 2,756,744 G4S 3,955 0.66 2,732,627 Hays 3,296 0.55 8,167 1.37 548,423 PagegroupØ 2,113 0.35 Agriculture − 0.65%; 29.2.2020 0.55% 996,481 QinetiQ 2,908 0.49 115,094 Genus 3,879 0.65 231,856 Savills 1,891 0.32

Airlines − 0.47%; 29.2.2020 0.00% 21,718 3.63 441,536 easyJet 2,796 0.47 Computers − 1.91%; 29.2.2020 2.67% Alternative Energy Sources − 0.42%; 29.2.2020 0.45% 125,718 Computacenter 2,539 0.43 886,155 John LaingØ 2,527 0.42 153,152 FDM 1,596 0.27 97,827 Kainos 1,094 0.18 Automobile Manufacturers − 0.10%; 29.2.2020 0.05% 2,184,505 Serco 3,058 0.51 1,102,022 Aston Martin Lagonda GlobalØ 618 0.10 222,150 SoftcatØ 3,072 0.52 Automobile Parts & Equipment − 0.11%; 29.2.2020 0.12% 11,359 1.91 405,532 TI Fluid Systems 638 0.11 Cosmetics & Personal Care − 0.12%; 29.2.2020 0.09% Banks − 0.62%; 29.2.2020 0.82% 347,341 PZ CussonsØ 716 0.12 457,241 Paragon Banking 1,627 0.27 2,218,304 Virgin Money UKØ 2,067 0.35 Distribution & Wholesale − 2.15%; 29.2.2020 2.28% 195,271 Diploma 3,769 0.63 3,694 0.62 691,144 Inchcape 3,494 0.59 Beverages − 0.77%; 29.2.2020 0.88% 448,401 Travis Perkins 5,513 0.93 146,120 BarrØ 620 0.10 12,776 2.15 470,674 Britvic 3,987 0.67 Diversified Financial Services − 6.36%; 29.2.2020 5.68% 4,607 0.77 517,824 AJ BellØ 2,325 0.39 Biotechnology − 0.15%; 29.2.2020 0.00% 804,279 Ashmore 3,389 0.57 104,682 Oxford Biomedica 882 0.15 509,661 Brewin Dolphin 1,267 0.21 266,951 Close Brothers 2,995 0.50 Building Materials − 0.79%; 29.2.2020 0.95% 644,991 IG 5,092 0.85 681,499 Ibstock 1,054 0.18 461,119 IntegraFinØ 2,476 0.42 349,268 Marshalls 2,214 0.37 734,525 Jupiter Fund Management 1,538 0.26 332,132 Polypipe 1,445 0.24 92,754 Liontrust Asset Management 1,178 0.20 4,713 0.79 2,552,494 Man 3,128 0.53 586,266 Ninety OneØ 1,293 0.22 663,381 OneSavings Bank 2,010 0.34

BlackRock Collective Investment Funds 148 iShares Mid Cap UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

113,788 PayPointØ 717 0.12 Healthcare Products − 0.90%; 29.2.2020 0.81% 438,544 Provident Financial 1,080 0.18 2,812,336 ConvaTec 5,386 0.90 3,249,141 QuilterØ 4,648 0.78 Home Builders − 2.26%; 29.2.2020 3.31% 99,619 Rathbone Brothers 1,682 0.28 219,150 Bellway 5,231 0.88 993,136 TP ICAP 3,019 0.51 922,193 Countryside Properties 2,966 0.50 37,837 6.36 445,464 Crest Nicholson 883 0.15 407,074 Redrow 1,855 0.31 Electricity − 0.44%; 29.2.2020 0.36% 394,440 Vistry 2,507 0.42 316,047 ContourGlobal 659 0.11 712,505 Drax 1,995 0.33 13,442 2.26

2,654 0.44 Home Furnishings − 0.96%; 29.2.2020 0.99% 1,012,617 Howden Joinery 5,691 0.96 Electronics − 3.31%; 29.2.2020 2.75% 792,853 Electrocomponents 5,383 0.90 Insurance − 3.10%; 29.2.2020 2.80% 96,295 Oxford Instruments 1,521 0.26 1,062,054 BeazleyØ 4,569 0.77 60,555 Renishaw 2,896 0.49 2,426,654 Direct Line Insurance 7,156 1.20 1,542,788 RotorkØ 4,619 0.78 556,874 Hastings 1,404 0.24 205,733 Spectris 5,215 0.88 1,863,299 Just 948 0.16 425,863 Lancashire 3,268 0.55 19,634 3.31 415,279 Sabre InsuranceØ 1,098 0.18 Engineering & Construction − 1.48%; 29.2.2020 2.19% 18,443 3.10 1,230,383 Balfour Beatty 2,744 0.46 892,953 Helios Towers 1,364 0.23 Internet − 1.01%; 29.2.2020 1.02% 69,663 Morgan Sindall 872 0.15 912,444 Moneysupermarket.com 2,777 0.47 1,451,488 Signature AviationØ 3,829 0.64 812,916 Trainline 3,221 0.54

8,809 1.48 5,998 1.01

Entertainment − 1.07%; 29.2.2020 0.89% Machinery Construction & Mining − 0.98%; 29.2.2020 0.92% 1,764,408 CineworldØ 1,112 0.19 460,243 Weir 5,838 0.98 137,630 Gamesys 1,597 0.27 Media − 0.70%; 29.2.2020 0.60% 304,806 Rank 411 0.07 189,700 Euromoney Institutional Investor 1,586 0.27 1,870,890 William HillØ 3,238 0.54 171,824 FutureØ 2,546 0.43 6,358 1.07 4,132 0.70 Environmental Control − 0.11%; 29.2.2020 0.00% Metal & Hardware − 0.31%; 29.2.2020 0.39% 321,436 Biffa 657 0.11 328,521 Bodycote 1,843 0.31 Food Producers − 2.56%; 29.2.2020 2.73% Mining − 0.39%; 29.2.2020 0.24% 91,622 Cranswick 3,417 0.57 398,599 KAZ MineralsØ 2,311 0.39 178,432 Greggs 2,527 0.42 115,623 Hilton Food 1,369 0.23 Miscellaneous Manufacturing − 1.91%; 29.2.2020 2.08% 941,612 SSP 2,309 0.39 50,057 Avon Rubber 1,912 0.32 831,617 Tate & Lyle 5,670 0.95 142,263 Hill & Smith 1,730 0.29 476,173 IMI 5,024 0.84 15,292 2.56 510,592 Morgan Advanced Materials 1,177 0.20 Gas − 0.80%; 29.2.2020 0.00% 384,400 Vesuvius 1,571 0.26 10,344,934 Centrica 4,763 0.80 11,414 1.91

149 BlackRock Collective Investment Funds iShares Mid Cap UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Oil & Gas Producers − 0.62%; 29.2.2020 1.01% 3,450,658 Marks & Spencer 3,834 0.64 1,031,009 Cairn EnergyØ 1,454 0.24 373,915 Mitchells & Butlers 644 0.11 178,160 EnergeanØ 1,020 0.17 851,366 Pets at HomeØ 2,505 0.42 460,454 PetrofacØ 741 0.12 214,211 Watches of SwitzerlandØ 733 0.12 683,363 Vivo EnergyØ 514 0.09 222,852 WH SmithØ 2,623 0.44 493,190 WorldØ 991 0.17 3,729 0.62 27,998 4.70 Oil & Gas Services − 0.50%; 29.2.2020 0.77% 1,193,226 John WoodØ 2,957 0.50 Software − 0.29%; 29.2.2020 0.65% 584,547 Micro Focus InternationalØ 1,747 0.29 Packaging & Containers − 0.24%; 29.2.2020 0.00% 456,917 EssentraØ 1,401 0.24 Storage & Warehousing − 0.48%; 29.2.2020 0.44% 367,262 SafestoreØ 2,870 0.48 Pharmaceuticals − 0.94%; 29.2.2020 0.71% 177,233 Dechra Pharmaceuticals 5,569 0.94 Telecommunications − 1.09%; 29.2.2020 0.96% 1,871,891 Airtel AfricaØ 1,067 0.18 Private Equity − 0.22%; 29.2.2020 1.37% 1,070,119 Spirent Communications 3,114 0.52 1,812,444 IP 1,327 0.22 1,210,307 TalkTalk TelecomØ 890 0.15 Real Estate Investment & Services − 0.87%; 29.2.2020 1.50% 102,617 Telecom Plus 1,408 0.24 279,830 CLS 549 0.09 6,479 1.09 1,169,971 Grainger 3,662 0.61 321,434 St Modwen Properties 1,040 0.17 Textiles − 0.24%; 29.2.2020 0.23% 2,581,519 Coats 1,422 0.24 5,251 0.87 Toys, Games & Hobbies − 0.90%; 29.2.2020 0.55% Real Estate Investment Trusts − 6.85%; 29.2.2020 6.79% 57,861 Games Workshop 5,332 0.90 4,620,527 Assura 3,738 0.63 288,818 Big Yellow 3,085 0.52 Transportation − 1.23%; 29.2.2020 2.00% 1,281,705 Capital & Counties Properties 1,657 0.28 44,351 Clarkson 1,089 0.18 1,083,377 Civitas Social Housing 1,196 0.20 2,189,975 Firstgroup 956 0.16 178,494 Derwent London 5,048 0.85 77,500 Go-Ahead 510 0.09 803,444 GCP Student Living 1,107 0.19 73,402 James Fisher & Sons 901 0.15 448,344 Great Portland Estates 2,705 0.45 760,954 National Express 959 0.16 1,398,492 Hammerson 677 0.11 1,624,361 Royal MailØ 2,914 0.49 1,553,915 LondonMetric PropertyØ 3,677 0.62 7,329 1.23 948,525 LXI REIT 1,072 0.18 2,119,888 Primary Health PropertiesØ 3,222 0.54 Water − 0.00%; 29.2.2020 1.22% 390,793 Shaftesbury 2,065 0.35 UNITED STATES OF AMERICA − 0.56%; 29.2.2020 0.12% 3,026,173 Tritax Big Box REITØ 4,712 0.79 565,170 Unite 5,460 0.92 Biotechnology − 0.14%; 29.2.2020 0.12% 233,772 Workspace 1,316 0.22 292,046 PureTech Health 810 0.14

40,737 6.85 Leisure Time − 0.42%; 29.2.2020 0.00% 235,010 Carnival 2,477 0.42 Retail − 4.70%; 29.2.2020 4.68% 1,512,624 B&M European Value Retail 7,200 1.21 COLLECTIVE INVESTMENT 1,808,408 Dixons CarphoneØ 1,669 0.28 SCHEMES − 28.02%; 29.2.2020 23.09% Ø 818,764 Domino’s Pizza 2,746 0.46 Equities − 0.00%; 29.2.2020 0.59% 172,472 DunelmØ 2,463 0.41 Equity Funds − 6.00%; 29.2.2020 4.16% 334,259 FrasersØ 1,167 0.20 472,657 Apax Global Alpha 786 0.13 139,341 J D Wetherspoon 1,423 0.24 1,103,772 BBGI 1,892 0.32

BlackRock Collective Investment Funds 150 iShares Mid Cap UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

1,087,818 Foresight Solar FundØ 1,169 0.20 384,976 Finsbury Growth & Income Trust 3,195 0.54 1,563,751 GCP Infrastructure Investments 1,880 0.32 2,685,642 Greencoat UK Wind 3,846 0.65 219,590 Genesis Emerging Markets Fund 1,660 0.28 133,567 Henderson Smaller Companies 1,034 0.17 140,717 HarbourVest Global Private Equity 2,403 0.40 Investment Trust 2,854,284 International Public PartnershipsØ 4,738 0.80 117,902 Herald Investment Trust 1,945 0.33 Ø 931,385 JLEN Environmental AssetsØ 1,118 0.19 659,231 HgCapital Trust 1,800 0.30 363,587 Pershing Square FundØ 7,326 1.23 3,311,614 Hicl Infrastructure 5,550 0.93 Ø 2,899,488 Renewables Infrastructure 3,961 0.66 1,093,055 Hipgnosis Songs Fund 1,317 0.22 490,739 Schroder Oriental Income Fund 1,143 0.19 125,777 ICG Enterprise Trust 1,052 0.18 2,967,710 Sequoia Economic Infrastructure 3,211 0.54 409,803 Impax Environmental Markets 1,426 0.24 Income Fund 363,159 JP Morgan American Investment 1,877 0.31 831,157 SynconaØ 1,962 0.33 Tr ust 349,862 Vietnam Enterprise InvestmentsØ 1,497 0.25 213,019 JPMorgan Emerging Markets 2,279 0.38 309,722 VinaCapital Vietnam Opportunity 985 0.16 Investment Trust Fund 289,268 JPMorgan Japanese Investment 1,579 0.27 Tr ust 35,731 6.00 212,652 Law Debenture 1,129 0.19 Exchange Traded Funds − 2.96%; 29.2.2020 2.97% 1,402,444 Mercantile Investment Trust 2,721 0.46 Ø 1,042,695 iShares FTSE 250 UCITS ETF†Ø 17,599 2.96 393,806 Monks Investment Trust 4,513 0.76 224,430 Murray International Trust 2,123 0.36 Investment Trusts − 19.06%; 29.2.2020 15.37% 1,059,461 NextEnergy Solar Fund 1,121 0.19 1,058,454 3i Infrastructure 3,091 0.52 96,582 Pantheon International Fund 2,173 0.37 161,755 Aberforth Smaller Companies 1,396 0.23 385,978 Perpetual Income and Growth 890 0.15 Tr ust Investment Trust 582,907 Alliance TrustØ 4,780 0.80 4,535 Personal Assets Trust 2,052 0.34 65,821 Allianz Technology Trust 1,642 0.28 239,112 Polar Capital Technology Trust 5,201 0.87 188,944 Avi Global Trust 1,355 0.23 136,791 Pollen Street Secured LendingØ 1,155 0.19 160,037 Baillie Gifford Japan Trust 1,300 0.22 226,471 RIT Capital Partners 4,117 0.69 227,734 Bankers Investment Trust 2,327 0.39 302,135 Schroder AsiaPacific Fund 1,467 0.25 776,079 BB Healthcare Trust 1,219 0.20 259,792 Scottish American Investment 1,109 0.19 87,909 BlackRock Smaller Cos Trust† 1,074 0.18 135,016 Scottish Investment Trust 979 0.16 302,822 BlackRock World Mining Trust† 1,223 0.21 208,389 Smithson Investment Trust 3,113 0.52 1,056,386 BMO Global Smaller Companies 1,278 0.21 119,842 Temple Bar Investment Trust 878 0.15 58,713 Caledonia Investments 1,491 0.25 427,476 Templeton Emerging Markets 3,540 0.59 740,829 City of London Investment Trust 2,389 0.40 Investment Trust 312,680 Edinburgh Investment Trust 1,449 0.24 568,435 TR Property Investment Trust - 2,001 0.34 543,315 Edinburgh Worldwide Investment 1,497 0.25 Ordinary Shares Ø Tr ust 1,526,100 Witan Investment Trust 2,851 0.48 193,165 European Opportunities Trust 1,316 0.22 95,778 Worldwide Healthcare Trust 3,280 0.55 963,851 F&C Investment Trust 6,737 1.13 643,283 Fidelity China Special Situations 2,065 0.35 113,505 19.06 732,018 Fidelity European TrustØ 1,933 0.32 348,979 Fidelity Special ValuesØ 630 0.11

151 BlackRock Collective Investment Funds iShares Mid Cap UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − 0.00%; 29.2.2020 (0.29%)

Forward Currency Contracts − 0.00%; 29.2.2020 (0.01%)

Futures − 0.00%; 29.2.2020 (0.28%) 86 FTSE 250 Index September 2020 3,059 7 0.00

Portfolio of investments 593,078 99.59

CASH EQUIVALENTS

Short-term Money Market Funds − 0.36%; 29.2.2020 1.59%

2,171,473 BlackRock ICS Sterling Liquidity Fund - Agency Income Class† 2,171 0.36

Net other assets 282 0.05

Total net assets 595,531 100.00

BlackRock Collective Investment Funds 152 iShares Mid Cap UK Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital (losses)/gains (51,313) 8,602 Revenue 6,441 11,734 Expenses (325) (331) Interest payable and similar charges (1) – Net revenue before taxation 6,115 11,403 Taxation (195) (220) Net revenue after taxation 5,920 11,183 Total return before distributions (45,393) 19,785 Distributions (5,907) (11,238) Change in net assets attributable to unitholders from investment activities (51,300) 8,547

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 655,047 567,762 Amounts receivable on issue of units 91,594 70,880 Amounts payable on cancellation of units (105,026) (53,132) (13,432) 17,748 Change in net assets attributable to unitholders from investment activities (51,300) 8,547 Retained distribution on accumulation units 5,216 9,828 Closing net assets attributable to unitholders 595,531 603,885 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

153 BlackRock Collective Investment Funds iShares Mid Cap UK Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 593,078 644,034 Current assets − Debtors 8,755 3,289 − Cash and bank balances 790 2,375 − Cash collateral posted 371 981 − Cash equivalents 2,171 10,436 Total assets 605,165 661,115

Liabilities: Investment liabilities – (1,917) Creditors − Distributions payable (539) (929) − Other creditors (9,095) (3,222) Total liabilities (9,634) (6,068) Net assets attributable to unitholders 595,531 655,047

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 154 iShares North American Equity Index Fund (UK)

About the Fund

The Fund is a sub-fund of BlackRock Collective Investment Funds (previously known as BlackRock Qualified Investor Schemes (1)), a UCITS scheme under the COLL Sourcebook. The Fund was established on 21 June 2005 and was authorised by the FCA on 21 June 2005. The Fund was previously known as Merrill Lynch North American Equity Tracker Fund. It adopted its present name with effect from 28 April 2008. The Fund’s FCA product reference number is 645671.

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Accumulation 123456 7 L Accumulation 123456 7 X Income 123456 7 XAccumulation123456 7 D Accumulation 123456 7 H Accumulation 123456 7

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

155 BlackRock Collective Investment Funds iShares North American Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 2,276,865 10,166 446.5 L Accumulation 647,806,099 2,987,561 461.2 X Income 67,469,072 90,752 134.5 X Accumulation 545,849,339 1,911,408 350.2 D Accumulation 117,728,474 543,430 461.6 H Accumulation 277,414,671 644,474 232.3

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 2.3892 L Accumulation 3.0428 X Income 1.0101 X Accumulation 2.6103 D Accumulation 3.3191 H Accumulation 1.6703

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.51% 0.51% L Accumulation 0.21% 0.21% X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Accumulation 0.08% 0.07% H Accumulation 0.08% 0.07% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

BlackRock Collective Investment Funds 156 iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

EQUITIES − 97.46%; 29.2.2020 98.55% 58,951 Metro Inc/CNØ 1,986 0.03 53,074 Saputo 989 0.02 ARGENTINA − 0.16%; 29.2.2020 0.10% 5,792 0.10 Internet − 0.16%; 29.2.2020 0.10% 11,547 MercadoLibre 10,056 0.16 Insurance − 0.28%; 29.2.2020 0.39% 6,395 Fairfax Financial 1,472 0.02 AUSTRALIA − 0.07%; 29.2.2020 0.07% 61,050 Great-West LifecoØ 931 0.02 Software − 0.07%; 29.2.2020 0.07% 33,835 Intact FinancialØ 2,697 0.04 Ø 31,308 Atlassian 4,484 0.07 475,915 Manulife Financial 5,243 0.08 Ø BERMUDA − 0.10%; 29.2.2020 0.14% 149,902 Power of Canada 2,230 0.04 156,397 Sun Life Financial 4,879 0.08 Insurance − 0.10%; 29.2.2020 0.14% 105,205 Arch Capital 2,477 0.04 17,452 0.28 9,788 Everest Re 1,608 0.03 Internet − 0.34%; 29.2.2020 0.17% 11,691 RenaissanceRe 1,604 0.03 20,480 Shopify 16,311 0.26 Ø 5,689 0.10 6,446 Shopify 5,126 0.08

CANADA − 4.08%; 29.2.2020 4.63% 21,437 0.34

Automobile Parts & Equipment − 0.04%; 29.2.2020 0.05% Media − 0.07%; 29.2.2020 0.09% Ø 71,454 Magna International 2,595 0.04 111,878 Shaw Communications 1,562 0.03 46,544 Thomson ReutersØ 2,651 0.04 Banks − 1.06%; 29.2.2020 1.31% 166,934 Bank of Montreal 7,914 0.13 4,213 0.07 109,305 Canadian Imperial Bank 6,479 0.10 Mining − 0.40%; 29.2.2020 0.31% of Commerce 59,869 Agnico Eagle MinesØ 3,683 0.06 86,090 National Bank of 3,530 0.06 439,942 Barrick Gold 9,734 0.16 Canada 46,340 Franco-Nevada 5,207 0.08 360,006 Royal Bank of Canada 20,466 0.33 114,035 Teck Resources 980 0.02 307,789 The Bank of Nova Scotia 9,945 0.16 117,290 Wheaton Precious Metals 4,671 0.08 460,490 Toronto-Dominion BankØ 17,175 0.28 24,275 0.40 65,509 1.06 Oil & Gas Producers − 0.17%; 29.2.2020 0.31% Chemicals − 0.07%; 29.2.2020 0.08% 312,384 Canadian Natural Resources 4,586 0.07 154,486 NutrienØ 4,253 0.07 277,743 Cenovus EnergyØ 976 0.02 Computers − 0.05%; 29.2.2020 0.06% 61,499 Imperial OilØ 756 0.01 60,449 CGI 3,163 0.05 376,321 Suncor EnergyØ 4,515 0.07

Diversified Financial Services − 0.01%; 29.2.2020 0.01% 10,833 0.17 17,575 IGM FinancialØ 319 0.01 Pharmaceuticals − 0.01%; 29.2.2020 0.01% Electricity − 0.09%; 29.2.2020 0.09% 43,506 Canopy GrowthØ 536 0.01 27,534 Canadian UtilitiesØ 516 0.01 118,818 Fortis Inc/CanadaØ 3,553 0.06 Pipelines − 0.39%; 29.2.2020 0.55% 93,268 Hydro One 1,438 0.02 511,804 Enbridge 12,242 0.20 113,489 Inter PipelineØ 887 0.01 5,507 0.09 148,729 Pembina Pipeline 2,749 0.04 Ø Food Producers − 0.10%; 29.2.2020 0.11% 242,501 TC Energy 8,444 0.14 18,839 George Weston 1,016 0.02 24,322 0.39 46,732 Loblaw Cos 1,801 0.03

157 BlackRock Collective Investment Funds iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Private Equity − 0.15%; 29.2.2020 0.20% Pharmaceuticals − 0.05%; 29.2.2020 0.04% 359,906 Brookfield Asset ManagementØ 9,069 0.15 14,151 Jazz Pharmaceuticals 1,420 0.02 40,469 Perrigo 1,580 0.03 Real Estate Investment Trusts − 0.01%; 29.2.2020 0.02% 73,277 RioCan Real Estate Investment 636 0.01 3,000 0.05 Tr ust Ø ISRAEL − 0.04%; 29.2.2020 0.04% Retail − 0.31%; 29.2.2020 0.31% Computers − 0.04%; 29.2.2020 0.04% 206,920 Alimentation Couche-TardØ 5,035 0.08 26,594 Check Point Software 2,507 0.04 13,408 Canadian TireØ 1,046 0.02 Technologies 70,832 DollaramaØ 2,063 0.03 29,070 Lululemon Athletica 8,149 0.13 NETHERLANDS − 0.11%; 29.2.2020 0.11% 68,949 Restaurant Brands International 2,789 0.05 Semiconductors − 0.11%; 29.2.2020 0.11% 19,082 0.31 73,029 NXP Semiconductors 6,853 0.11

Software − 0.07%; 29.2.2020 0.07% PERU − 0.04%; 29.2.2020 0.05% 4,759 Constellation Software 4,101 0.07 Banks − 0.03%; 29.2.2020 0.04% Inc/CanadaØ 19,998 Credicorp 1,949 0.03 Telecommunications − 0.10%; 29.2.2020 0.14% Mining − 0.01%; 29.2.2020 0.01% 74,201 BCEØ 2,384 0.04 18,231 Southern Copper 655 0.01 88,381 Rogers Communications 2,747 0.04 106,284 Telus 1,462 0.02 RUSSIA − 0.06%; 29.2.2020 0.05%

6,593 0.10 Internet − 0.06%; 29.2.2020 0.05% 78,705 Yandex 4,006 0.06 Transportation − 0.36%; 29.2.2020 0.35% 179,675 Canadian National Railway 14,008 0.23 SWEDEN − 0.14%; 29.2.2020 0.08% Ø 35,852 Canadian Pacific Railway 7,912 0.13 Automobile Parts & Equipment − 0.02%; 29.2.2020 0.02% 21,920 0.36 20,919 Autoliv 1,224 0.02

CHINA − 0.06%; 29.2.2020 0.06% Internet − 0.12%; 29.2.2020 0.06% 34,194 Spotify TechnologyØ 7,206 0.12 Retail − 0.06%; 29.2.2020 0.06% 90,717 Yum China 3,908 0.06 SWITZERLAND − 0.32%; 29.2.2020 0.38%

IRELAND − 1.16%; 29.2.2020 1.10% Electronics − 0.15%; 29.2.2020 0.14% 41,014 Garmin 3,172 0.05 Automobile Parts & Equipment − 0.07%; 29.2.2020 0.08% 83,226 TE Connectivity 6,000 0.10 66,759 AptivØ 4,290 0.07 9,172 0.15 Computers − 0.47%; 29.2.2020 0.42% 163,394 Accenture 29,261 0.47 Insurance − 0.17%; 29.2.2020 0.24% 113,329 Chubb 10,575 0.17 Diversified Financial Services − 0.01%; 29.2.2020 0.02% 26,105 AerCap 576 0.01 UNITED KINGDOM − 0.68%; 29.2.2020 0.85%

Electronics − 0.03%; 29.2.2020 0.04% Apparel − 0.01%; 29.2.2020 0.01% 24,342 Allegion 1,880 0.03 33,470 Capri 396 0.01

Healthcare Products − 0.44%; 29.2.2020 0.50% Beverages − 0.02%; 29.2.2020 0.04% 340,552 Medtronic 27,327 0.44 47,603 Coca-Cola European Partners 1,463 0.02

Miscellaneous Manufacturing − 0.09%; 29.2.2020 0.00% Chemicals − 0.41%; 29.2.2020 0.38% 63,012 Trane Technologies 5,572 0.09 134,808 Linde 25,143 0.41

BlackRock Collective Investment Funds 158 iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Commercial Services − 0.10%; 29.2.2020 0.10% Apparel − 0.53%; 29.2.2020 0.56% 102,829 IHS Markit 6,132 0.10 77,420 HanesbrandsØ 884 0.01 308,837 Nike 25,799 0.42 Environmental Control − 0.02%; 29.2.2020 0.02% 17,647 PVHØ 735 0.01 38,754 Pentair 1,306 0.02 11,753 Ralph Lauren 604 0.01 Insurance − 0.08%; 29.2.2020 0.26% 67,757 Tapestry 745 0.01 33,802 Willis Towers Watson 5,183 0.08 37,182 Under ArmourØ 246 0.00 36,921 Under ArmourØ 271 0.00 Media − 0.04%; 29.2.2020 0.04% 86,381 VF 4,237 0.07 116,679 Liberty Global 2,004 0.03 Ø 51,547 Liberty Global 900 0.01 33,521 0.53

2,904 0.04 Automobile Manufacturers − 1.50%; 29.2.2020 0.75% UNITED STATES OF AMERICA − 90.44%; 29.2.2020 90.89% 36,869 Cummins 5,707 0.09 991,969 Ford Motor 5,053 0.08 Advertising − 0.05%; 29.2.2020 0.08% 314,784 General Motors 6,964 0.11 101,835 Interpublic 1,349 0.02 87,086 Paccar 5,580 0.09 51,755 Omnicom 2,090 0.03 188,505 TeslaØ 70,151 1.13

3,439 0.05 93,455 1.50

Aerospace & Defence − 1.40%; 29.2.2020 2.13% Automobile Parts & Equipment − 0.05%; 29.2.2020 0.04% 136,945 Boeing 17,573 0.28 51,066 BorgWarner 1,548 0.03 63,014 General Dynamics 7,027 0.11 14,499 Lear 1,234 0.02 18,295 Heico 1,221 0.02 9,347 Heico 767 0.01 2,782 0.05 91,760 Howmet Aerospace 1,201 0.02 Banks − 3.58%; 29.2.2020 5.16% 53,765 L3Harris Technologies 7,257 0.12 1,972,269 Bank of America 37,885 0.61 62,856 Lockheed Martin 18,318 0.30 210,792 Bank of New York Mellon 5,817 0.09 39,187 Northrop Grumman 10,027 0.16 525,766 Citigroup 20,065 0.32 365,031 Raytheon Technologies 16,608 0.27 105,758 Citizens Financial 2,043 0.03 9,062 Teledyne Technologies 2,121 0.03 37,920 Comerica 1,119 0.02 13,537 TransDigm 5,052 0.08 21,583 Commerce BancsharesØ 960 0.02 175,432 Fifth Third Bancorp 2,706 0.04 87,172 1.40 41,085 First Republic Bank/CA 3,463 0.06 Agriculture − 0.72%; 29.2.2020 0.85% 83,195 Goldman Sachs 12,718 0.21 476,133 Altria 15,550 0.25 267,267 Huntington Bancshares 1,876 0.03 Ø 135,102 Archer-Daniels-Midland 4,514 0.07 772,626 JPMorgan Chase 57,779 0.93 33,100 Bunge 1,128 0.02 267,719 KeyCorp 2,461 0.04 396,492 Philip Morris International 23,613 0.38 32,862 M&T Bank 2,533 0.04 Ø 44,805 0.72 286,393 Morgan Stanley 11,176 0.18 49,944 Northern Trust 3,053 0.05 Airlines − 0.05%; 29.2.2020 0.08% 110,469 PNC Financial Services‡ 9,170 0.15 Ø 6,583 Alaska Air 191 0.00 250,392 Regions Financial 2,160 0.04 Ø 30,771 American Airlines 300 0.01 88,103 State StreetØ 4,479 0.07 39,898 Delta Air Lines 919 0.02 13,351 SVB Financial 2,547 0.04 31,949 Southwest Airlines 897 0.01 345,577 Truist Financial 10,012 0.16 Ø 16,770 United Airlines 451 0.01 349,251 US Bancorp 9,492 0.15 2,758 0.05 955,288 Wells Fargo 17,216 0.28

159 BlackRock Collective Investment Funds iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

46,317 Zions Bancorp NA 1,112 0.02 64,823 Ecolab 9,536 0.15 35,505 FMC 2,833 0.05 221,842 3.58 25,495 International Flavors & 2,356 0.04 Beverages − 1.48%; 29.2.2020 1.76% FragrancesØ 44,842 Brown-Forman 2,450 0.04 65,393 LyondellBasell Industries 3,196 0.05 983,504 Coca-Cola 36,374 0.59 88,678 Mosaic 1,207 0.02 41,746 Constellation Brands 5,749 0.09 60,009 PPG Industries 5,395 0.09 106,741 Keurig Dr PepperØ 2,378 0.04 21,114 Sherwin-Williams 10,577 0.17 50,148 Molson Coors Beverage 1,409 0.02 10,259 Westlake Chemical 455 0.01 94,345 Monster Beverage 5,905 0.10 68,893 1.13 354,195 PepsiCo 37,034 0.60 Commercial Services − 2.32%; 29.2.2020 2.10% 91,299 1.48 108,373 Automatic Data Processing 11,248 0.18 Biotechnology − 1.79%; 29.2.2020 1.84% 23,128 Cintas 5,757 0.09 52,056 Alexion Pharmaceuticals 4,439 0.07 9,511 CoStar 6,018 0.10 29,430 Alnylam Pharmaceuticals 2,915 0.05 30,811 Equifax 3,870 0.06 149,966 Amgen 28,347 0.46 22,444 FleetCor Technologies 4,214 0.07 40,430 BiogenØ 8,685 0.14 21,951 Gartner 2,127 0.03 42,844 BioMarin Pharmaceutical 2,493 0.04 77,237 Global Payments 10,188 0.16 183,569 CortevaØ 3,911 0.06 14,399 ManpowerGroup 788 0.01 38,432 Exact SciencesØ 2,159 0.04 8,833 MarketAxess 3,204 0.05 317,617 Gilead Sciences 15,829 0.26 41,707 Moody’s 9,178 0.15 38,001 Illumina 10,128 0.16 83,827 Nielsen 957 0.02 45,985 Incyte 3,309 0.05 297,122 PayPal 45,256 0.73 24,237 Regeneron Pharmaceuticals 11,202 0.18 27,351 Robert Half International 1,087 0.02 29,513 Seattle Genetics 3,485 0.06 43,621 Rollins 1,796 0.03 66,341 Vertex Pharmaceuticals 13,814 0.22 61,526 S&P Global 16,834 0.27 90,338 Square 10,761 0.17 110,716 1.79 48,208 TransUnion 3,122 0.05 Building Materials − 0.36%; 29.2.2020 0.32% 18,287 United Rentals 2,417 0.04 226,910 Carrier Global 5,057 0.08 41,557 Verisk Analytics 5,789 0.09 40,573 Fortune Brands Home & 2,548 0.04 144,611 2.32 Security 188,666 Johnson Controls International 5,735 0.09 Computers − 7.29%; 29.2.2020 5.53% 15,546 Martin Marietta Materials 2,355 0.04 30,233 Amdocs 1,381 0.02 72,249 Masco 3,145 0.05 4,159,392 Apple 400,081 6.47 38,940 MDU Resources 686 0.01 134,537 Cognizant Technology Solutions 6,713 0.11 32,119 Vulcan Materials 2,879 0.05 43,727 Dell Technologies 2,157 0.04 60,671 DXC Technology 905 0.01 22,405 0.36 34,226 Fortinet 3,374 0.05 Chemicals − 1.13%; 29.2.2020 1.15% 343,438 Hewlett Packard EnterpriseØ 2,480 0.04 57,154 Air Products and Chemicals 12,473 0.20 356,419 HP 5,204 0.08 24,675 AlbemarleØ 1,675 0.03 224,900 International Business Machines 20,694 0.33 29,524 Celanese 2,228 0.04 32,655 Leidos 2,205 0.04 50,540 CF Industries 1,231 0.02 57,285 NetApp 2,025 0.03 183,529 Dow 6,182 0.10 66,821 Seagate Technology 2,394 0.04 187,827 DuPont de Nemours 7,821 0.13 75,039 Western Digital 2,153 0.03 31,657 Eastman Chemical 1,728 0.03 451,766 7.29

BlackRock Collective Investment Funds 160 iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Cosmetics & Personal Care − 1.40%; 29.2.2020 1.40% Electricity − 2.42%; 29.2.2020 3.00% 214,538 Colgate-Palmolive 12,695 0.21 161,833 AES 2,144 0.03 103,839 CotyØ 278 0.00 60,637 Alliant Energy 2,452 0.04 57,736 Estee Lauder Cos 9,561 0.15 60,401 Ameren 3,567 0.06 621,209 Procter & Gamble 64,146 1.04 125,215 American Electric Power 7,369 0.12 12,597 Avangrid 452 0.01 86,680 1.40 140,978 CenterPoint EnergyØ 2,112 0.03 Distribution & Wholesale − 0.24%; 29.2.2020 0.21% 69,161 CMS Energy 3,124 0.05 52,445 Copart 4,046 0.07 83,104 Consolidated Edison 4,427 0.07 148,955 Fastenal 5,433 0.09 211,661 Dominion Energy 12,392 0.20 79,895 LKQ 1,892 0.03 50,906 DTE Energy 4,511 0.07 11,998 WW Grainger 3,275 0.05 183,346 Duke Energy 10,994 0.18 97,420 Edison International 3,818 0.06 14,646 0.24 49,217 Entergy 3,644 0.06 Diversified Financial Services − 3.64%; 29.2.2020 4.02% 59,551 Evergy 2,367 0.04 10,379 Alliance Data Systems 350 0.01 89,546 Eversource Energy 5,727 0.09 96,825 Ally Financial 1,655 0.03 243,345 Exelon 6,705 0.11 164,629 American Express 12,482 0.20 129,254 FirstEnergy 2,757 0.04 30,792 Ameriprise Financial 3,605 0.06 124,324 NextEra Energy 25,909 0.42 36,651 BlackRock‡ 16,262 0.26 66,372 NRG Energy 1,705 0.03 119,214 Capital One Financial 6,146 0.10 210,992 PG&E 1,461 0.02 29,218 Cboe Global Markets 1,996 0.03 29,963 Pinnacle West Capital 1,641 0.03 292,158 Charles Schwab 7,748 0.13 200,826 PPL 4,143 0.07 92,038 CME 12,079 0.20 122,670 Public Service Enterprise 4,782 0.08 73,242 Discover Financial Services 2,904 0.05 74,070 Sempra Energy 6,837 0.11 69,930 Franklin Resources 1,099 0.02 265,789 Southern 10,356 0.17 139,627 Intercontinental Exchange 11,068 0.18 115,039 Vistra 1,651 0.03 88,034 Invesco 671 0.01 78,894 WEC Energy 5,540 0.09 63,636 Jefferies Financial 833 0.01 132,838 Xcel Energy 6,892 0.11 225,008 Mastercard 60,161 0.97 149,479 2.42 31,172 Nasdaq 3,126 0.05 30,184 Raymond James Financial 1,706 0.03 Electronics − 1.03%; 29.2.2020 1.13% 24,440 Santander Consumer USAØ 314 0.01 76,523 Agilent Technologies 5,735 0.09 36,552 SEI Investments 1,429 0.02 71,190 Amphenol 5,835 0.09 162,177 Synchrony Financial 3,004 0.05 19,645 Arrow Electronics 1,152 0.02 55,204 T Rowe Price 5,732 0.09 111,677 Flex 904 0.01 430,226 VisaØ 68,116 1.10 73,230 Fortive 3,943 0.06 111,181 Western Union 1,959 0.03 58,872 Gentex 1,189 0.02 178,439 Honeywell International 22,039 0.36 224,445 3.64 33,172 Jabil 846 0.01 Electrical Components & 47,536 Keysight Technologies 3,497 0.06 Equipment − 0.22%; 29.2.2020 0.23% 5,784 Mettler-Toledo International 4,193 0.07 8,592 Acuity Brands 701 0.01 26,189 Roper Technologies 8,353 0.14 61,590 AMETEK 4,631 0.08 36,691 Sensata Technologies 1,141 0.02 150,382 Emerson Electric 7,799 0.13 59,151 Trimble 2,314 0.04 15,755 Waters 2,544 0.04 13,131 0.22 63,685 1.03

161 BlackRock Collective Investment Funds iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Engineering & Construction − 0.03%; 29.2.2020 0.04% 11,382 AbiomedØ 2,615 0.04 31,279 Jacobs Engineering 2,109 0.03 18,979 Align Technology 4,205 0.07 129,711 Baxter International 8,434 0.14 Entertainment − 0.06%; 29.2.2020 0.05% 360,228 Boston Scientific 11,033 0.18 40,270 Live Nation EntertainmentØ 1,708 0.03 12,116 Cooper Cos 2,845 0.05 11,661 Vail ResortsØ 1,896 0.03 160,987 Danaher 24,809 0.40 3,604 0.06 58,313 Dentsply Sirona 1,954 0.03 154,998 Edwards Lifesciences 9,936 0.16 Environmental Control − 0.29%; 29.2.2020 0.34% 35,303 Henry Schein 1,750 0.03 56,601 Republic Services 3,920 0.06 61,101 Hologic 2,724 0.04 69,019 Waste Connections 5,153 0.08 22,254 IDEXX Laboratories 6,497 0.11 106,875 Waste Management 9,092 0.15 29,301 Intuitive Surgical 15,986 0.26 18,165 0.29 35,248 ResMed 4,755 0.08 20,106 Steris 2,396 0.04 Food Producers − 1.08%; 29.2.2020 1.11% 88,977 Stryker 13,158 0.21 50,954 Campbell Soup 2,002 0.03 11,458 Teleflex 3,361 0.05 120,811 Conagra Brands 3,460 0.06 99,807 Thermo Fisher Scientific 31,969 0.52 150,425 General Mills 7,183 0.12 22,191 Varian Medical Systems 2,878 0.05 35,699 Hershey 3,962 0.06 52,842 Zimmer Biomet 5,560 0.09 71,883 Hormel Foods 2,735 0.04 17,274 Ingredion 1,038 0.02 192,777 3.13 27,838 J M Smucker 2,497 0.04 Healthcare Services − 1.76%; 29.2.2020 1.77% 59,958 Kellogg 3,174 0.05 63,416 Anthem 13,330 0.22 167,882 Kraft Heinz 4,392 0.07 151,371 Centene 6,929 0.11 201,576 Kroger 5,370 0.09 24,332 DaVita 1,576 0.03 35,529 Lamb Weston 1,668 0.03 65,907 HCA Healthcare 6,677 0.11 30,414 McCormick Ø 4,683 0.08 33,387 Humana 10,347 0.17 361,427 Mondelez International 15,764 0.25 49,273 IQVIA 6,025 0.10 124,366 Sysco 5,585 0.09 23,940 Laboratory of America 3,144 0.05 70,029 Tyson Foods 3,284 0.05 36,382 Quest Diagnostics 3,023 0.05 66,797 1.08 239,546 UnitedHealth 55,917 0.90 18,099 Universal Health Services 1,490 0.02 Food Services − 0.02%; 29.2.2020 0.03% 64,760 Aramark 1,334 0.02 108,458 1.76

Forest Products & Paper − 0.04%; 29.2.2020 0.05% Home Builders − 0.25%; 29.2.2020 0.23% 94,408 International Paper 2,557 0.04 80,604 DR Horton 4,296 0.07 Gas − 0.06%; 29.2.2020 0.09% 73,079 Lennar 4,083 0.07 32,456 Atmos Energy 2,419 0.04 895 NVR 2,779 0.05 90,823 NiSource 1,502 0.02 70,202 PulteGroup 2,336 0.04 31,170 Toll BrothersØ 983 0.02 3,921 0.06 14,477 0.25 Hand & Machine Tools − 0.09%; 29.2.2020 0.11% 12,628 Snap-on 1,398 0.02 Home Furnishings − 0.05%; 29.2.2020 0.05% Ø 37,931 Stanley Black & Decker 4,565 0.07 37,801 Leggett & Platt 1,156 0.02 15,479 WhirlpoolØ 2,055 0.03 5,963 0.09 3,211 0.05 Healthcare Products − 3.13%; 29.2.2020 2.88% 439,363 Abbott Laboratories 35,912 0.58

BlackRock Collective Investment Funds 162 iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Household Products − 0.34%; 29.2.2020 0.34% 165,863 eBayØ 6,778 0.11 19,663 Avery Dennison 1,694 0.03 35,077 Expedia 2,569 0.04 60,499 Church & Dwight 4,330 0.07 17,132 F5 Networks 1,692 0.03 31,365 Clorox 5,234 0.08 610,505 Facebook 133,637 2.16 84,600 Kimberly-Clark 9,962 0.16 41,588 GoDaddy 2,600 0.04 18,570 IAC 1,840 0.03 21,220 0.34 62,101 LyftØ 1,375 0.02 Housewares − 0.02%; 29.2.2020 0.02% 54,676 Match 4,560 0.07 102,230 Newell Brands 1,219 0.02 107,594 Netflix 42,513 0.69 138,740 NortonLifeLock 2,435 0.04 Insurance − 2.81%; 29.2.2020 3.24% 28,730 Okta 4,614 0.07 177,758 Aflac 4,818 0.08 25,057 Palo Alto Networks 4,816 0.08 3,187 Alleghany 1,325 0.02 62,717 TD Ameritrade 1,798 0.03 78,967 Allstate 5,483 0.09 201,216 Twitter 6,097 0.10 223,899 American International 4,871 0.08 339,075 Uber TechnologiesØ 8,516 0.14 57,624 Aon 8,607 0.14 25,614 VeriSign 4,108 0.07 48,917 Arthur J Gallagher 3,844 0.06 36,011 Zillow 2,305 0.04 13,469 Assurant 1,222 0.02 15,146 Zillow 965 0.02 341,677 Berkshire Hathaway 55,630 0.90 104 Berkshire Hathaway 25,415 0.41 714,976 11.57 54,838 Brown & BrownØ 1,900 0.03 Iron & Steel − 0.06%; 29.2.2020 0.06% 39,470 Cincinnati Financial 2,339 0.04 71,072 Nucor 2,413 0.04 6,244 CNA Financial 150 0.00 49,899 Steel Dynamics 1,100 0.02 115,885 Equitable 1,834 0.03 74,867 Fidelity National Financial 1,835 0.03 3,513 0.06 23,869 Globe Life 1,471 0.02 Leisure Time − 0.09%; 29.2.2020 0.17% 87,904 Hartford Financial Services 2,656 0.04 124,791 Carnival 1,536 0.02 49,029 Lincoln NationalØ 1,319 0.02 38,879 Harley-DavidsonØ 805 0.01 58,005 Loews 1,553 0.03 55,450 Norwegian Cruise Line 708 0.01 3,418 Markel 2,771 0.04 15,247 Polaris 1,150 0.02 127,880 Marsh & McLennan Cos 10,974 0.18 40,992 Royal Caribbean CruisesØ 2,111 0.03 196,627 MetLife 5,642 0.09 60,946 Old Republic International 733 0.01 6,310 0.09 69,838 Principal Financial 2,194 0.04 Lodging − 0.27%; 29.2.2020 0.40% 147,222 Progressive 10,440 0.17 66,937 Hilton Worldwide 4,516 0.07 105,427 Prudential Financial 5,335 0.09 81,419 Las Vegas Sands 3,084 0.05 62,296 Travelers Cos 5,395 0.09 68,192 Marriott International 5,237 0.08 51,196 Unum 706 0.01 130,111 MGM Resorts International 2,186 0.04 34,727 Voya FinancialØ 1,346 0.02 22,870 Wyndham Hotels & Resorts 894 0.01 38,003 W R Berkley 1,761 0.03 23,096 Wynn ResortsØ 1,508 0.02 173,569 2.81 17,425 0.27 Internet − 11.57%; 29.2.2020 9.23% Machinery Construction & Mining − 0.24%; 29.2.2020 0.24% 76,344 Alphabet 92,768 1.50 138,565 Caterpillar 14,723 0.24 75,363 Alphabet 91,859 1.48 107,805 Amazon.com 277,060 4.48 Machinery Diversified − 0.57%; 29.2.2020 0.48% 10,363 Booking 14,778 0.24 81,468 Deere 12,776 0.21 34,241 CDW 2,903 0.05 38,700 Dover 3,172 0.05 59,181 E*TRADE Financial 2,390 0.04 36,444 FlowserveØ 808 0.01

163 BlackRock Collective Investment Funds iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

18,128 IDEX 2,438 0.04 13,541 Zebra Technologies 2,895 0.05 112,764 Otis Worldwide 5,294 0.09 3,628 0.06 30,667 Rockwell Automation 5,279 0.09 46,595 Westinghouse Air Brake 2,315 0.04 Oil & Gas Producers − 1.70%; 29.2.2020 2.63% TechnologiesØ 84,876 Apache 938 0.02 42,861 Xylem Inc/NY 2,566 0.04 105,331 Cabot Oil & Gas 1,492 0.02 473,594 Chevron 29,665 0.48 34,648 0.57 26,993 Cimarex Energy 560 0.01 Media − 1.94%; 29.2.2020 2.08% 48,345 Concho Resources 1,876 0.03 75,196 Altice USA 1,548 0.03 266,810 ConocoPhillips 7,548 0.12 Ø 38,485 Charter Communications 17,672 0.29 18,441 Continental Resources 236 0.00 1,153,808 Comcast 38,614 0.62 92,714 Devon Energy 753 0.01 89,544 Discovery 1,335 0.02 39,287 Diamondback Energy 1,143 0.02 Ø 34,474 Discovery 568 0.01 149,948 EOG Resources 5,073 0.08 72,365 DISH Network 1,919 0.03 1,073,249 Exxon Mobil 32,006 0.52 Ø 80,715 Fox 1,678 0.03 63,662 Hess 2,189 0.04 36,990 Fox 768 0.01 37,963 HollyFrontier 676 0.01 27,190 Liberty Broadband 2,845 0.05 180,102 Marathon Oil 709 0.01 8,281 Liberty Broadband 854 0.01 169,570 Marathon Petroleum 4,491 0.07 40,240 Liberty Media Corp-Liberty 1,082 0.02 135,696 Noble Energy 1,008 0.02 SiriusXM 230,449 Occidental PetroleumØ 2,193 0.04 25,119 Liberty Media Corp-Liberty 681 0.01 64,994 Ovintiv 538 0.01 SiriusXM 112,483 Phillips 66 4,912 0.08 97,962 News 1,106 0.02 41,534 Pioneer Natural Resources 3,222 0.05 15,550 News 175 0.00 98,866 Valero Energy 3,880 0.06 320,429 Sirius XM 1,402 0.02 133,286 ViacomCBSØ 2,772 0.04 105,108 1.70 459,104 Walt Disney 45,178 0.73 Oil & Gas Services − 0.16%; 29.2.2020 0.25% 120,197 1.94 151,449 Baker Hughes 1,613 0.03 207,957 Halliburton 2,511 0.04 Mining − 0.25%; 29.2.2020 0.19% 88,904 National Oilwell Varco 796 0.01 22,940 Arconic 381 0.01 347,226 Schlumberger 4,927 0.08 387,045 Freeport-McMoRan 4,512 0.07 142,610 Newmont 7,162 0.12 9,847 0.16 63,237 Newmont 3,172 0.05 Packaging & Containers − 0.15%; 29.2.2020 0.17% 15,227 0.25 81,821 Ball 4,908 0.08 22,258 Packaging of America 1,682 0.03 Miscellaneous Manufacturing − 0.88%; 29.2.2020 1.23% 40,022 Sealed Air 1,174 0.02 141,937 3M 17,265 0.28 58,045 Westrock 1,314 0.02 103,720 Eaton 7,901 0.13 2,270,110 General Electric 10,732 0.17 9,078 0.15 79,717 Illinois Tool Works 11,756 0.19 Pharmaceuticals − 5.13%; 29.2.2020 5.72% 33,152 Parker-Hannifin 5,101 0.08 445,704 AbbVie 31,860 0.52 59,073 Textron 1,739 0.03 37,798 AmerisourceBergen 2,739 0.04 Ø 54,494 0.88 98,891 Bausch Health Cos 1,226 0.02 68,506 Becton Dickinson and 12,420 0.20 Office & Business Equipment − 0.06%; 29.2.2020 0.02% 576,629 Bristol-Myers Squibb 26,778 0.43 52,044 Xerox 733 0.01 69,792 Cardinal Health 2,644 0.04

BlackRock Collective Investment Funds 164 iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

92,666 Cigna 12,284 0.20 185,897 Prologis 14,136 0.23 327,687 CVS Health 15,200 0.25 39,682 Public Storage 6,290 0.10 23,329 DexCom 7,400 0.12 85,263 Realty Income 3,946 0.06 113,365 Elanco Animal Health 2,460 0.04 47,248 Regency Centers 1,401 0.02 213,275 Eli Lilly and 23,628 0.38 27,735 SBA Communications 6,335 0.10 27,080 Herbalife Nutrition 995 0.02 80,485 Simon Property 4,074 0.07 671,357 Johnson & Johnson 76,865 1.24 20,448 SL Green Realty 714 0.01 42,150 McKesson 4,830 0.08 22,921 Sun Communities 2,551 0.04 640,554 Merck 40,769 0.66 84,893 UDR 2,206 0.04 115,211 Mylan 1,409 0.02 91,341 Ventas 2,809 0.05 1,414,248 Pfizer 39,884 0.64 278,773 VEREIT 1,399 0.02 119,532 Zoetis 14,287 0.23 42,449 Vornado Realty Trust 1,136 0.02 105,522 Welltower 4,530 0.07 317,678 5.13 185,660 Weyerhaeuser 4,201 0.07 Pipelines − 0.24%; 29.2.2020 0.40% 39,386 WP Carey 2,040 0.03 55,853 Cheniere Energy 2,173 0.04 154,024 2.49 483,264 Kinder Morgan 4,984 0.08 116,855 Oneok 2,397 0.04 Retail − 4.91%; 29.2.2020 4.97% 57,093 Targa Resources 725 0.01 16,345 Advance Auto Parts 1,907 0.03 296,416 Williams Cos 4,594 0.07 6,112 AutoZone 5,456 0.09 57,435 Best Buy 4,757 0.08 14,873 0.24 17,833 Burlington Stores 2,623 0.04 Real Estate Investment & Services − 0.05%; 29.2.2020 0.06% 38,663 CarMax 3,088 0.05 89,627 CBRE 3,146 0.05 6,959 Chipotle Mexican Grill 6,810 0.11 112,436 Costco Wholesale 29,172 0.47 Real Estate Investment Trusts − 2.49%; 29.2.2020 2.95% 34,315 Darden Restaurants 2,221 0.04 157,388 AGNC Investment 1,657 0.03 64,774 Dollar General 9,765 0.16 30,279 Alexandria Real Estate Equities 3,806 0.06 62,262 Dollar Tree 4,472 0.07 111,665 American Tower 20,768 0.34 10,568 Domino’s Pizza 3,227 0.05 361,358 Annaly Capital Management 1,981 0.03 46,418 Gap 603 0.01 36,289 AvalonBay Communities 4,282 0.07 36,064 Genuine Parts 2,542 0.04 37,556 Boston Properties 2,436 0.04 272,037 Home Depot 57,837 0.93 104,932 Crown Castle International 12,787 0.21 41,087 Kohl’s 655 0.01 67,966 Digital Realty Trust 7,895 0.13 190,519 Lowe’s Cos 23,431 0.38 92,107 Duke Realty 2,651 0.04 71,424 Macy’sØ 372 0.01 22,376 Equinix 13,186 0.21 188,674 McDonald’s 30,075 0.49 43,891 Equity LifeStyle Properties 2,172 0.04 27,427 Nordstrom 328 0.01 89,388 Equity Residential 3,765 0.06 18,069 O’Reilly Automotive 6,275 0.10 16,385 Essex Property Trust 2,648 0.04 90,623 Ross Stores 6,161 0.10 30,043 Extra Space StorageØ 2,390 0.04 297,273 Starbucks 18,752 0.30 18,614 Federal Realty Investment Trust 1,100 0.02 129,315 Target 14,600 0.24 149,263 Healthpeak Properties 3,079 0.05 30,231 Tiffany 2,764 0.04 183,150 Host Hotels & Resorts 1,536 0.02 301,811 TJX Cos 12,346 0.20 128,842 Invitation Homes 2,754 0.04 29,990 Tractor Supply 3,332 0.05 75,243 Iron MountainØ 1,691 0.03 14,012 Ulta Beauty 2,428 0.04 88,034 Kimco Realty 788 0.01 187,863 Walgreens Boots Alliance 5,334 0.09 27,654 Mid-America Apartment 2,417 0.04 Communities 354,062 Walmart 36,716 0.59 65,942 Park Hotels & Resorts 467 0.01

165 BlackRock Collective Investment Funds iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

78,387 Yum! Brands 5,608 0.09 499,441 Oracle 21,325 0.34 78,919 Paychex 4,505 0.07 303,657 4.91 11,810 Paycom Software 2,641 0.04 Savings & Loans − 0.01%; 29.2.2020 0.02% 25,756 PTC 1,758 0.03 104,127 People’s United FinancialØ 821 0.01 18,848 RingCentral 4,093 0.07 219,114 salesforce.com 44,559 0.72 Semiconductors − 4.33%; 29.2.2020 3.96% 48,471 ServiceNow 17,448 0.28 297,403 Advanced Micro Devices 20,166 0.33 93,089 Slack Technologies 2,280 0.04 95,693 Analog Devices 8,349 0.14 40,615 SplunkØ 6,647 0.11 234,231 Applied Materials 10,769 0.17 53,125 SS&C Technologies 2,526 0.04 99,066 Broadcom 25,650 0.41 39,021 Synopsys 6,449 0.10 1,077,683 Intel 40,984 0.66 28,680 Take-Two Interactive Software 3,667 0.06 7,778 IPG Photonics 938 0.02 34,584 TwilioØ 6,972 0.11 38,492 KLA 5,892 0.10 34,649 Veeva Systems 7,305 0.12 36,216 Lam Research 9,095 0.15 19,394 VMwareØ 2,089 0.03 159,614 Marvell Technology 4,622 0.07 42,214 WorkdayØ 7,557 0.12 64,438 Maxim Integrated Products 3,290 0.05 Ø 61,939 Microchip Technology 5,071 0.08 622,787 10.06 288,072 Micron Technology 9,787 0.16 Telecommunications − 2.39%; 29.2.2020 2.82% 150,247 NVIDIA 60,019 0.97 13,981 Arista Networks 2,333 0.04 31,936 Qorvo 3,059 0.05 1,813,036 AT&T 40,351 0.65 283,877 QUALCOMM 25,247 0.41 260,563 CenturyLinkØ 2,090 0.03 45,195 Skyworks Solutions 4,886 0.08 1,082,955 Cisco Systems 34,132 0.55 235,592 Texas Instruments 24,991 0.40 183,438 CorningØ 4,446 0.07 63,886 Xilinx 4,965 0.08 82,708 Juniper Networks 1,544 0.03 267,780 4.33 44,009 Motorola Solutions 5,085 0.08 138,124 T-Mobile US 12,032 0.19 Shipbuilding − 0.02%; 29.2.2020 0.03% 1,055,363 Verizon Communications 46,685 0.75 9,668 Huntington Ingalls Industries 1,094 0.02 148,698 2.39 Software − 10.06%; 29.2.2020 8.62% 190,528 Activision Blizzard 11,885 0.19 Textiles − 0.02%; 29.2.2020 0.02% 121,841 Adobe 46,683 0.75 13,372 Mohawk Industries 922 0.02 39,846 Akamai TechnologiesØ 3,463 0.06 Toys, Games & Hobbies − 0.03%; 29.2.2020 0.03% 22,488 ANSYS 5,686 0.09 29,295 Hasbro 1,726 0.03 56,061 Autodesk 10,284 0.17 29,078 Broadridge Financial Solutions 2,983 0.05 Transportation − 1.51%; 29.2.2020 1.36% 67,615 Cadence Design Systems 5,599 0.09 31,510 CH Robinson Worldwide 2,311 0.04 30,636 CDK Global 1,067 0.02 193,204 CSX 11,029 0.18 78,610 Cerner 4,303 0.07 44,599 Expeditors International of 2,942 0.05 31,426 Citrix Systems 3,405 0.06 Washington 44,049 DocuSign 7,329 0.12 61,548 FedEx 10,104 0.16 72,948 Electronic Arts 7,594 0.12 21,992 JB Hunt Transport Services 2,308 0.04 157,613 Fidelity National Information 17,756 0.29 23,627 Kansas City Southern 3,212 0.05 Services 64,057 Norfolk SouthernØ 10,167 0.16 141,932 Fiserv 10,552 0.17 23,824 Old Dominion Freight Line 3,594 0.06 63,458 Intuit 16,361 0.26 171,910 Union Pacific 24,687 0.40 1,903,890 Microsoft 319,934 5.17 177,743 United Parcel Service 21,708 0.35 21,817 MSCI 6,082 0.10

BlackRock Collective Investment Funds 166 iShares North American Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Market Total Nominal Value Net Value Investment £000’s Assets

22,001 XPO Logistics 1,450 0.02

93,512 1.51

Water − 0.08%; 29.2.2020 0.09% 47,867 American Water Works 5,051 0.08

COLLECTIVE INVESTMENT SCHEMES − 1.43%; 29.2.2020 0.78%

Short-term Money Market Funds − 1.43%; 29.2.2020 0.78% 118,651,325 BlackRock ICS US Dollar 88,615 1.43 Liquidity Fund - Agency Income Class†

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − 0.18%; 29.2.2020 (0.15%)

Futures − 0.18%; 29.2.2020 (0.15%) 1,150 S&P 500 E-Mini September 2020 150,261 11,011 0.18 57 S&P/TSX 60 Index September 2020 6,463 182 0.00

156,724 11,193 0.18

Portfolio of investments 6,129,986 99.07 Net other assets 57,805 0.93

Total net assets 6,187,791 100.00

167 BlackRock Collective Investment Funds iShares North American Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 689,857 642,429 Revenue 52,291 51,543 Expenses (3,331) (2,940) Interest payable and similar charges (7) – Net revenue before taxation 48,953 48,603 Taxation (6,742) (7,194) Net revenue after taxation 42,211 41,409 Total return before distributions 732,068 683,838 Distributions (42,211) (41,409) Change in net assets attributable to unitholders from investment activities 689,857 642,429

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 5,375,718 4,450,267 Amounts receivable on issue of units 809,255 590,171 Amounts payable on cancellation of units (729,594) (497,605) 79,661 92,566 Change in net assets attributable to unitholders from investment activities 689,857 642,429 Retained distribution on accumulation units 42,555 40,680 Closing net assets attributable to unitholders 6,187,791 5,225,942 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

BlackRock Collective Investment Funds 168 iShares North American Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 6,129,986 5,339,736 Current assets − Debtors 130,933 39,714 − Cash and bank balances 7,475 18,848 − Cash collateral posted 11,063 4,193 Total assets 6,279,457 5,402,491

Liabilities: Investment liabilities – (8,064) Creditors − Amounts held at futures clearing houses and brokers (10,701) – − Distributions payable (682) (741) − Other creditors (80,283) (17,968) Total liabilities (91,666) (26,773) Net assets attributable to unitholders 6,187,791 5,375,718

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

169 BlackRock Collective Investment Funds iShares Over 15 Years Corporate Bond Index Fund (UK)

About the Fund

The Fund is a sub-fund of BlackRock Collective Investment Funds (previously known as BlackRock Qualified Investor Schemes (1)), a UCITS scheme under the COLL Sourcebook. This Fund was authorised on 30 July 2018 and launched on 24 September 2018.

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class AIncome12345 67 A Accumulation 12345 67 LIncome 12345 67 L Accumulation 12345 67 XAccumulation12345 67 D Income 12345 67 D Accumulation 12345 67

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

BlackRock Collective Investment Funds 170 iShares Over 15 Years Corporate Bond Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Income 100 – 117.7 A Accumulation 100 – 123.9 L Income 100 – 117.5 L Accumulation 100 – 124.0 X Accumulation 220,435,383 273,579 124.1 D Income 100 – 117.5 D Accumulation 2,850,298 3,536 124.0

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Income 1.4800 A Accumulation 1.5500 L Income 1.6100 L Accumulation 1.5800 X Accumulation 1.6307 D Income 1.6100 D Accumulation 1.5386

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Income 0.52% 0.53% A Accumulation 0.52% 0.52% L Income 0.22% 0.20% L Accumulation 0.22% 0.20% X Accumulation 0.02% 0.02% D Income 0.17% 0.15% D Accumulation 0.17% 0.17% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

171 BlackRock Collective Investment Funds iShares Over 15 Years Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

BONDS − 98.68%; 29.2.2020 98.45% £1,305,000 BG Energy Capital 5% 4/11/2036 1,930 0.70 £1,805,000 BHP Billiton Finance 4.3% 2,604 0.94 UK STERLING − 98.68%; 29.2.2020 98.45% 25/9/2042 UK Sterling Denominated Corporate £284,038 Bishopsgate Asset Finance 332 0.12 Bonds − 96.05%; 29.2.2020 95.83% 4.808% 14/8/2044 £675,000 3i 3.75% 5/6/2040 711 0.26 £600,000 Blend Funding 3.459% 21/9/2049 757 0.27 £710,000 Accent Capital 2.625% 824 0.30 £600,000 BPHA Finance 4.816% 11/4/2044 910 0.33 18/7/2049 £460,000 British Telecommunications 540 0.19 £680,000 Aegon 6.625% 1,172 0.42 3.625% 21/11/2047 16/12/2039 £790,000 British Telecommunications 1,213 0.44 £410,000 Affinity Sutton Capital 570 0.21 6.375% 23/6/2037 Markets 4.25% £525,000 Bromford Housing 3.125% 661 0.24 8/10/2042 3/5/2048 £310,000 Affinity Sutton Capital 504 0.18 £300,000 Cadent Finance 2.25% 317 0.11 Markets 5.981% 10/10/2035 17/9/2038 £1,540,000 Cadent Finance 2.625% 1,687 0.61 £540,000 Affinity Water Finance 734 0.26 22/9/2038 4.5% 31/3/2036 £1,330,000 Cadent Finance 2.75% 22/9/2046 1,482 0.53 £1,950,000 Affordable Housing 2,503 0.90 £500,000 Cadent Finance 3.125% 583 0.21 Finance 2.893% 21/3/2040 11/8/2045 £580,000 Cardiff University 3% 7/12/2055 778 0.28 £1,005,000 Affordable Housing 1,446 0.52 £250,000 Cargill 5.375% 2/3/2037 367 0.13 Finance 3.8% 20/5/2044 £610,000 Catalyst Housing 3.125% 732 0.26 £1,300,000 Allianz Finance II 4.5% 2,037 0.74 31/10/2047 13/3/2043 £900,000 Centrica 4.25% 12/9/2044 1,170 0.42 £1,250,000 America Movil 4.375% 1,651 0.60 £510,000 Chancellor Masters & Scholars of 755 0.27 7/8/2041 The University of Cambridge/The £1,510,000 Anheuser-Busch InBev 1,622 0.59 2.35% 27/6/2078 2.85% 25/5/2037 £630,000 Chancellor Masters & Scholars of 1,040 0.38 £1,105,000 Annington Funding 1,357 0.49 The University of Cambridge/The 3.935% 12/7/2047 3.75% 17/10/2052 £900,000 Apple 3.6% 31/7/2042 1,279 0.46 £570,000 Channel Link Enterprises Finance 651 0.24 £740,000 Aster Treasury 4.5% 1,091 0.39 3.848% 30/6/2050 18/12/2043 £520,000 Circle Anglia Social Housing 5.2% 820 0.30 £1,760,000 AT&T 4.25% 1/6/2043 2,178 0.79 2/3/2044 £2,100,000 AT&T 4.875% 1/6/2044 2,834 1.02 £710,000 Circle Anglia Social Housing 1,293 0.47 £1,900,000 AT&T 7% 30/4/2040 3,115 1.12 7.25% 12/11/2038 £1,060,000 Aviva 6.875% 20/5/2058 1,562 0.56 £815,000 Citigroup 6.8% 25/6/2038 1,414 0.51 £1,040,000 BAT International 821 0.30 £790,000 Citigroup 7.375% 1/9/2039 1,453 0.52 Finance 2.25% 9/9/2052 £610,000 Citizen Treasury 3.25% 770 0.28 £640,000 BAT International 708 0.26 20/10/2048 Finance 4% 23/11/2055 £550,000 Clarion Funding 3.125% 667 0.24 £540,000 BAT International 720 0.26 19/4/2048 Finance 5.75% 5/7/2040 £1,350,000 Comcast 1.875% 20/2/2036 1,390 0.50 £1,670,000 Berkshire Hathaway 1,872 0.68 £680,000 Cooperatieve Rabobank UA 1,131 0.41 Finance 2.375% 5.25% 23/5/2041 19/6/2039 £500,000 Cooperatieve Rabobank UA 1,025 0.37 £1,300,000 Berkshire Hathaway 1,542 0.56 5.375% 3/8/2060 Finance 2.625% £450,000 Cooperatieve Rabobank UA 749 0.27 19/6/2059 6.91% Perpetual 10/12/2168

BlackRock Collective Investment Funds 172 iShares Over 15 Years Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£400,000 Dali Capital 4.79924% 21/12/2037 537 0.19 £385,000 GE Capital UK Funding Unlimited 482 0.17 £550,000 DWR Cymru Financing UK 2.5% 622 0.22 6.25% 5/5/2038 31/3/2036 £1,174,000 GE Capital UK Funding Unlimited 1,671 0.60 £200,000 DWR Cymru Financing UK 339 0.12 8% 14/1/2039 4.473% 31/3/2057 £830,000 General Electric 4.875% 820 0.30 £1,500,000 E.ON International Finance 2,327 0.84 18/9/2037 5.875% 30/10/2037Ø £650,000 General Electric 5.375% 741 0.27 £1,200,000 E.ON International Finance 6.75% 2,052 0.74 18/12/2040 27/1/2039 £390,000 Genfinance II 6.064% 21/12/2039 610 0.22 £350,000 East Japan Railway 4.5% 496 0.18 £1,350,000 GlaxoSmithKline Capital 4.25% 2,022 0.73 25/1/2036 18/12/2045 £580,000 Eastern Power Networks 6.25% 947 0.34 £1,680,000 GlaxoSmithKline Capital 5.25% 2,737 0.99 12/11/2036 10/4/2042 £1,700,000 Electricite de France 5.125% 2,547 0.92 £1,235,000 GlaxoSmithKline Capital 6.375% 2,153 0.78 22/9/2050 9/3/2039 £700,000 Electricite de France 5.5% 1,004 0.36 £590,000 Goldman Sachs 6.875% 934 0.34 27/3/2037 18/1/2038 £2,600,000 Electricite de France 5.5% 3,833 1.38 £560,000 Great Places Housing 4.75% 801 0.29 17/10/2041 22/10/2042 £2,400,000 Electricite de France 6% 4,026 1.45 £675,000 Guinness Partnership 2% 698 0.25 23/1/2114 22/4/2055 £1,045,000 Enel 5.75% 22/6/2037 1,564 0.56 £450,000 Guinness Partnership 4% 648 0.23 £2,420,000 Enel Finance International 5.75% 3,701 1.34 24/10/2044 14/9/2040 £670,000 Heathrow Funding 2.75% 652 0.24 £1,900,000 Engie 5% 1/10/2060 3,513 1.27 9/8/2051 £570,000 Equinor 4.25% 10/4/2041 806 0.29 £1,205,000 Heathrow Funding 4.625% 1,567 0.57 £1,905,000 European Investment Bank 2,753 0.99 31/10/2046 3.875% 8/6/2037 £1,390,000 Heathrow Funding 5.875% 2,011 0.73 £1,295,000 European Investment Bank 4.5% 2,201 0.79 13/5/2043 Ø 7/3/2044Ø £579,000 Home 3.125% 27/3/2043 671 0.24 £1,375,000 European Investment Bank 2,718 0.98 £545,000 Housing & Care 21 3.288% 640 0.23 4.625% 12/10/2054 8/11/2049 £2,550,000 European Investment Bank 5% 4,271 1.54 £100,000 Housing & Care 21 3.288% 118 0.04 15/4/2039 8/11/2049 £650,000 Eversholt Funding 3.529% 715 0.26 £1,530,000 HSBC 6% 29/3/2040 2,030 0.73 7/8/2042 £1,250,000 HSBC 7% 7/4/2038 1,812 0.65 £370,000 Freshwater Finance 4.556% 478 0.17 £1,050,000 HSBC Bank 4.75% 24/3/2046 1,259 0.45 3/4/2036 £470,000 HSBC Bank 6.25% 30/1/2041 653 0.24 £380,000 Freshwater Finance 4.607% 498 0.18 £800,000 Hyde Housing Association 1.75% 718 0.26 17/10/2036 18/8/2055 £470,000 Gatwick Funding 2.625% 407 0.15 £420,000 Hyde Housing Association 629 0.23 7/10/2048 5.125% 23/7/2040 £500,000 Gatwick Funding 2.875% 5/7/2051 450 0.16 £475,000 Incommunities Treasury 3.25% 613 0.22 £480,000 Gatwick Funding 3.125% 467 0.17 21/3/2049 28/9/2041 £1,800,000 innogy Finance 6.125% 6/7/2039 2,906 1.05 £630,000 Gatwick Funding 3.25% 26/2/2048 607 0.22 £440,000 Investor 5.5% 5/5/2037 658 0.24 £565,000 Gatwick Funding 5.75% 23/1/2039 726 0.26 £500,000 Karbon Homes 3.375% 657 0.24 £570,000 Gatwick Funding 6.5% 2/3/2043 809 0.29 15/11/2047Ø £600,000 GB Social Housing 5.193% 838 0.30 £420,000 Kreditanstalt fuer Wiederaufbau 670 0.24 12/2/2040 4.875% 15/3/2037

173 BlackRock Collective Investment Funds iShares Over 15 Years Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£1,330,000 Kreditanstalt fuer Wiederaufbau 2,133 0.77 £390,000 Northern Gas Networks Finance 549 0.20 5% 9/6/2036Ø 4.875% 15/11/2035 £730,000 Land Capital Markets 2.625% 784 0.28 £330,000 Northern Gas Networks Finance 520 0.19 22/9/2039Ø 5.625% 23/3/2040 £1,030,000 Land Capital Markets 2.75% 1,134 0.41 £175,000 Northern Powergrid Northeast 176 0.06 22/9/2059 1.875% 16/6/2062 £745,000 LCR Finance 4.5% 7/12/2038 1,171 0.42 £700,000 Northern Powergrid Yorkshire 775 0.28 £1,830,000 LCR Finance 5.1% 7/3/2051 3,641 1.31 2.25% 9/10/2059 £1,080,000 Legal & General 5.5% 27/6/2064 1,291 0.47 £600,000 Northumbrian Water Finance 932 0.34 £450,000 Libra Longhurst Treasury 5.125% 645 0.23 5.125% 23/1/2042 2/8/2038 £675,000 Notting Hill Genesis 3.25% 772 0.28 £440,000 Libra Longhurst Treasury NO 514 0.19 12/10/2048 2 3.25% 15/5/2043 £500,000 Notting Hill Genesis 4.375% 704 0.25 £450,000 LiveWest Treasury 2.25% 479 0.17 20/2/2054 10/10/2043 £520,000 Notting Hill Genesis 5.25% 759 0.27 £1,430,000 Lloyds Bank 6.5% 17/9/2040 2,490 0.90 7/7/2042 £450,000 London & Quadrant Housing Trust 495 0.18 £125,000 Optivo Finance 2.857% 7/10/2035 143 0.05 2.75% 20/7/2057 £630,000 Optivo Finance 3.283% 22/3/2048 774 0.28 £600,000 London & Quadrant Housing Trust 715 0.26 £900,000 Orange 5.375% 22/11/2050 1,508 0.54 3.125% 28/2/2053 £820,000 Orbit Capital 3.375% 14/6/2048 989 0.36 £440,000 London & Quadrant Housing Trust 575 0.21 £430,000 Orbit Capital 3.5% 24/3/2045 521 0.19 3.75% 27/10/2049 £900,000 Orsted 5.75% 9/4/2040 1,498 0.54 £480,000 London & Quadrant Housing Trust 745 0.27 £490,000 Paragon Treasury 3.625% 604 0.22 5.486% 15/6/2042 21/1/2047 £450,000 London & Quadrant Housing Trust 680 0.25 £715,000 Peabody Capital No 2 3.25% 874 0.32 5.5% 27/1/2040 14/9/2048 £875,000 M&G 6.25% 20/10/2068 1,047 0.38 £580,000 Peabody Capital No 2 4.625% 914 0.33 £1,230,000 M&G 6.34% 19/12/2063 1,503 0.54 12/12/2053 £570,000 Manchester Airport Funding 551 0.20 £510,000 Penarian Housing Finance 3.212% 570 0.21 2.875% 31/3/2039 7/6/2052 £575,000 Manchester Airport Funding 534 0.19 £2,390,000 Pfizer 2.735% 15/6/2043 2,829 1.02 2.875% 30/9/2044 £850,000 Pfizer 6.5% 3/6/2038Ø 1,512 0.55 £650,000 Martlet Homes 3% 9/5/2052 779 0.28 £200,000 Platform HG Financing 1.625% 186 0.07 £500,000 McDonald’s 4.125% 11/6/2054 730 0.26 10/8/2055 £485,000 Merseylink Issuer 3.842% 686 0.25 £460,000 Riverside Finance 3.875% 620 0.22 31/3/2043 5/12/2044 £520,000 Metropolitan Funding 4.125% 657 0.24 £975,000 RL Finance Bonds NO 4 4.875% 1,029 0.37 5/4/2048 7/10/2049 £550,000 Morhomes 3.4% 19/2/2038 625 0.23 £425,000 Sanctuary Capital 2.375% 473 0.17 £900,000 Motability Operations 2.375% 1,002 0.36 14/4/2050 3/7/2039 £945,000 Sanctuary Capital 5% 26/4/2047 1,574 0.57 £970,000 Motability Operations 3.625% 1,251 0.45 £610,000 Sanctuary Capital 6.697% 1,093 0.39 10/3/2036 23/3/2039 £875,000 National Grid Electricity 924 0.33 £500,000 Scottish Hydro Electric 539 0.19 Transmission 2% 16/9/2038 Transmission 2.25% 27/9/2035 £675,000 National Grid Electricity 706 0.25 £1,145,000 Scottish Widows 7% 16/6/2043 1,610 0.58 Transmission 2% 17/4/2040 £775,000 Segro 2.875% 11/10/2037Ø 887 0.32 £2,250,000 Network Rail Infrastructure 3,459 1.25 £600,000 Severn Trent Utilities Finance 2% 624 0.23 Finance 4.75% 29/11/2035 2/6/2040

BlackRock Collective Investment Funds 174 iShares Over 15 Years Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£580,000 Severn Trent Utilities Finance 892 0.32 £1,170,000 Time Warner Cable 5.25% 1,487 0.54 4.875% 24/1/2042Ø 15/7/2042 £1,100,000 Siemens 1,590 0.57 £610,000 Together Housing Finance 4.5% 891 0.32 Financieringsmaatschappij 3.75% 17/12/2042 10/9/2042 £740,000 Transport for London 3.625% 1,007 0.36 £550,000 Southern Electric Power 764 0.28 15/5/2045 Distribution 4.625% 20/2/2037 £900,000 Transport for London 3.875% 1,245 0.45 £700,000 Southern Gas Networks 3.1% 826 0.30 23/7/2042 15/9/2036 £840,000 Transport for London 4% 7/4/2064 1,389 0.50 £370,000 Southern Gas Networks 6.375% 637 0.23 £800,000 United Parcel Service 5.125% 1,324 0.48 15/5/2040 12/2/2050 £525,000 Southern Housing 3.5% 648 0.23 £550,000 United Utilities Water Finance 558 0.20 19/10/2047 1.75% 10/2/2038 £450,000 Southern Water Services Finance 464 0.17 £475,000 United Utilities Water Finance 485 0.18 3% 28/5/2037 1.875% 3/6/2042 £580,000 Southern Water Services Finance 899 0.32 £420,000 University of Leeds 3.125% 557 0.20 4.5% 31/3/2052 19/12/2050 £220,000 Southern Water Services Finance 325 0.12 £100,000 University of Leeds 3.125% 133 0.05 5% 31/3/2041 19/12/2050 £330,000 Southern Water Services Finance 577 0.21 £440,000 University of Liverpool 3.375% 665 0.24 5.125% 30/9/2056 25/6/2055 £640,000 Sovereign Housing Capital 713 0.26 £500,000 University of Manchester 4.25% 855 0.31 Ø 2.375% 4/11/2048 4/7/2053 £420,000 Sovereign Housing Capital 651 0.24 £1,790,000 University of Oxford 2.544% 2,478 0.89 4.768% 1/6/2043 8/12/2117 £230,000 Sovereign Housing Capital 377 0.14 £565,000 University of Southampton 2.25% 653 0.24 5.705% 10/9/2039 11/4/2057 £600,000 SSE 6.25% 27/8/2038 985 0.36 £1,250,000 Vattenfall 6.875% 15/4/2039 2,259 0.82 £840,000 Standard Chartered 4.375% 1,130 0.41 £1,050,000 Veolia Environnement 6.125% 1,728 0.62 Ø 18/1/2038 29/10/2037 £510,000 Swan Housing Capital 3.625% 569 0.21 £860,000 Verizon Communications 3.125% 1,027 0.37 5/3/2048 2/11/2035 £795,000 Temasek Financial I 5.125% 1,322 0.48 £1,685,000 Verizon Communications 3.375% 2,067 0.75 26/7/2040 27/10/2036 £200,000 Thames Water Utilities Finance 205 0.07 £1,760,000 Vodafone 3% 12/8/2056 1,891 0.68 2.375% 22/4/2040 £1,390,000 Vodafone 3.375% 8/8/2049 1,593 0.57 £600,000 Thames Water Utilities Finance 862 0.31 £475,000 Wales & West Utilities Finance 478 0.17 4.625% 4/6/2046 1.875% 28/5/2041 £1,060,000 Thames Water Utilities Finance 1,503 0.54 £760,000 Wales & West Utilities Finance 3% 912 0.33 5.125% 28/9/2037 3/8/2038 £1,050,000 Thames Water Utilities Finance 1,593 0.57 £580,000 Walmart 4.875% 19/1/2039Ø 912 0.33 5.5% 11/2/2041 £1,410,000 Walmart 5.25% 28/9/2035 2,195 0.79 £720,000 Thames Water Utilities Finance 1,496 0.54 £1,270,000 Wellcome Trust 2.517% 7/2/2118 1,782 0.64 7.738% 9/4/2058 £760,000 Wellcome Trust 4% 9/5/2059 1,376 0.50 £420,000 THFC Funding No 1 5.125% 603 0.22 £950,000 Wellcome Trust Finance 4.625% 1,471 0.53 21/12/2037 25/7/2036Ø £555,000 THFC Funding No 2 6.35% 928 0.33 £1,205,000 Wells Fargo & 4.625% 2/11/2035 1,633 0.59 8/7/2041 £1,250,000 Wells Fargo & 4.875% 29/11/2035 1,623 0.59 £1,740,000 THFC Funding No 3 5.2% 2,716 0.98 11/10/2043 £500,000 Western Power Distribution East 856 0.31 Midlands 6.25% 10/12/2040

175 BlackRock Collective Investment Funds iShares Over 15 Years Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

£300,000 Western Power Distribution South 484 0.17 £985,000 SNCF Reseau 4.83% 25/3/2060 1,829 0.66 Wales 5.75% 23/3/2040 £940,000 SNCF Reseau 5% 11/3/2052 1,678 0.60 £350,000 Western Power Distribution South 565 0.20 £630,000 States of Guernsey Bond 3.375% 851 0.31 West 5.75% 23/3/2040 12/12/2046 £500,000 Wheatley Capital 4.375% 688 0.25 £220,000 Tennessee Valley Authority 345 0.12 Ø 28/11/2044 4.625% 7/6/2043 £490,000 WHG Treasury 4.25% 6/10/2045 676 0.24 7,309 2.63 £770,000 WPP Finance 2013 2.875% 678 0.24 14/9/2046 COLLECTIVE INVESTMENT SCHEMES − 0.10%; 29.2.2020 0.00% £475,000 Wrekin Housing 2.5% 22/10/2048 536 0.19 £775,000 Yorkshire Water Finance 2.75% 875 0.32 Short-term Money Market Funds − 0.10%; 29.2.2020 0.00% 18/4/2041 2,722 BlackRock ICS Sterling Liquid 272 0.10 £620,000 Yorkshire Water Finance 6.375% 1,057 0.38 Environmentally Aware Fund - 19/8/2039 Agency Income Class† £250,000 Yorkshire Water Services Finance 391 0.14 5.5% 28/5/2037 Portfolio of investments 273,747 98.78 266,166 96.05 Net other assets 3,368 1.22

UK Sterling Denominated Government Total net assets 277,115 100.00 Bonds − 2.63%; 29.2.2020 2.62% Unless otherwise stated, all securities are either listed on a recognised exchange or traded on an £450,000 Jersey International Bond 3.75% 687 0.25 eligible securities market. Ø 9/6/2054 All or a portion of this investment represents a security on loan. † £1,810,000 Mexico Government International 1,919 0.69 Managed by a related party. Bond 5.625% 19/3/2114

BlackRock Collective Investment Funds 176 iShares Over 15 Years Corporate Bond Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 2,662 36,905 Revenue 3,827 4,081 Expenses (30) (26) Net revenue before taxation 3,797 4,055 Taxation – (15) Net revenue after taxation 3,797 4,040 Total return before distributions 6,459 40,945 Distributions (3,797) (4,040) Change in net assets attributable to unitholders from investment activities 2,662 36,905

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 315,684 234,228 Amounts receivable on issue of units 35,781 56,955 Amounts payable on cancellation of units (80,650) (26,497) (44,869) 30,458 Change in net assets attributable to unitholders from investment activities 2,662 36,905 Retained distribution on accumulation units 3,638 4,179 Closing net assets attributable to unitholders 277,115 305,770 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

177 BlackRock Collective Investment Funds iShares Over 15 Years Corporate Bond Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 273,747 310,802 Current assets − Debtors 3,823 6,054 − Cash and bank balances 141 89 Total assets 277,711 316,945

Liabilities: Creditors − Other creditors (596) (1,261) Total liabilities (596) (1,261) Net assets attributable to unitholders 277,115 315,684

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 178 iShares Over 15 Years Gilts Index Fund (UK)

About the Fund

The Fund is a sub-fund of BlackRock Collective Investment Funds (previously known as BlackRock Qualified Investor Schemes (1)), a UCITS scheme under the COLL Sourcebook. This Fund was authorised on 28 April 2010 and launched on 23 March 2017.

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class X Income 12345 67 XAccumulation12345 67 D Accumulation 12345 67

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

179 BlackRock Collective Investment Funds iShares Over 15 Years Gilts Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p X Income 100 – 123.4 X Accumulation 1,374,473,906 1,722,090 125.3 D Accumulation 4,625,513 5,879 127.1

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit X Income 0.6900 X Accumulation 0.8280 D Accumulation 0.7378

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Accumulation 0.16% 0.16% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

BlackRock Collective Investment Funds 180 iShares Over 15 Years Gilts Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

BONDS − 99.66%; 29.2.2020 99.68% £63,665,000 United Kingdom Gilt 4.25% 97,425 5.64 7/3/2036 UK Sterling Denominated Government £1,522,061 United Kingdom Gilt 4.25% 2,461 0.14 Bonds − 99.66%; 29.2.2020 99.68% 7/9/2039 £15,489,000 United Kingdom Gilt 13,691 0.79 £47,917,939 United Kingdom Gilt 4.25% 77,491 4.48 0.5% 22/10/2061 7/9/2039 £36,464,000 United Kingdom Gilt 33,817 1.96 £53,965,000 United Kingdom Gilt 4.25% 88,652 5.13 0.625% 22/10/2050Ø 7/12/2040 £33,680,000 United Kingdom Gilt 36,246 2.10 £51,598,000 United Kingdom Gilt 4.25% 92,277 5.34 1.25% 22/10/2041Ø 7/12/2046 £52,982,000 United Kingdom Gilt 60,721 3.51 £42,465,000 United Kingdom Gilt 4.25% 79,281 4.59 1.5% 22/7/2047 7/12/2049 £40,410,000 United Kingdom Gilt 49,263 2.85 £1,069,200 United Kingdom Gilt 4.25% 2,167 0.13 1.625% 22/10/2054 7/12/2055 £29,951,000 United Kingdom Gilt 41,173 2.38 £55,464,800 United Kingdom Gilt 4.25% 112,415 6.51 1.625% 22/10/2071Ø 7/12/2055 £60,898,000 United Kingdom Gilt 70,689 4.09 £57,976,000 United Kingdom Gilt 4.5% 101,045 5.85 1.75% 7/9/2037Ø 7/12/2042 £53,312,183 United Kingdom Gilt 64,848 3.75 £55,103,831 United Kingdom Gilt 4.75% 93,074 5.39 1.75% 22/1/2049Ø 7/12/2038 £52,535,000 United Kingdom Gilt 67,338 3.90 1.75% 22/7/2057 1,722,020 99.66 £42,420,000 United Kingdom Gilt 68,838 3.98 2.5% 22/7/2065 Portfolio of investments 1,722,020 99.66 £59,765,000 United Kingdom Gilt 89,718 5.19 Net other assets 5,949 0.34 3.25% 22/1/2044 £59,570,000 United Kingdom Gilt 93,768 5.43 Total net assets 1,727,969 100.00 3.5% 22/1/2045 Unless otherwise stated, all securities are either listed on a recognised exchange or traded on an £42,374,000 United Kingdom Gilt 87,391 5.06 eligible securities market. 3.5% 22/7/2068 All securities in the portfolio at 31 August 2020 are investment grade. £51,415,130 United Kingdom Gilt 92,582 5.36 Ø All or a portion of this investment represents a security on loan. 3.75% 22/7/2052 £51,344,000 United Kingdom Gilt 4% 105,649 6.11 22/1/2060

181 BlackRock Collective Investment Funds iShares Over 15 Years Gilts Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 12,125 281,379 Revenue 11,436 14,232 Expenses (86) (98) Net revenue before taxation 11,350 14,134 Taxation – – Net revenue after taxation 11,350 14,134 Total return before distributions 23,475 295,513 Distributions (11,350) (14,134) Change in net assets attributable to unitholders from investment activities 12,125 281,379

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 1,820,173 1,632,247 Amounts receivable on issue of units 159,708 169,340 Amounts payable on cancellation of units (275,452) (173,516) (115,744) (4,176) Change in net assets attributable to unitholders from investment activities 12,125 281,379 Retained distribution on accumulation units 11,415 13,966 Closing net assets attributable to unitholders 1,727,969 1,923,416 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

BlackRock Collective Investment Funds 182 iShares Over 15 Years Gilts Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 1,722,020 1,814,262 Current assets − Debtors 12,809 53,357 − Cash and bank balances 528 244 Total assets 1,735,357 1,867,863

Liabilities: Creditors − Other creditors (7,388) (47,690) Total liabilities (7,388) (47,690) Net assets attributable to unitholders 1,727,969 1,820,173

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

183 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

About the Fund

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Accumulation 1 2 3 4 567 L Accumulation 1 2 3 4 567 X Income 1 2 3 4 567 X Accumulation 1 2 3 4 567 D Income 1 2 3 4 567 D Accumulation 1 2 3 4 567 H Income 1 2 3 4 567 H Accumulation 1 2 3 4 567

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

BlackRock Collective Investment Funds 184 iShares Overseas Corporate Bond Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 335,886 552 164.5 L Accumulation 532,096,355 896,860 168.6 X Income 15,927,845 21,043 132.1 X Accumulation 782,083,780 1,273,855 162.9 D Income 26,407,923 37,532 142.1 D Accumulation 282,969,392 474,094 167.5 H Income 7,546,053 9,719 128.8 H Accumulation 121,947,930 183,544 150.5

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 1.7836 L Accumulation 2.0856 X Income 1.7933 X Accumulation 2.1805 D Income 1.8552 D Accumulation 2.1582 H Income 1.6811 H Accumulation 1.9388

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.51% 0.51% L Accumulation 0.21% 0.21% X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Income 0.11% 0.12% D Accumulation 0.11% 0.11% H Income 0.11% 0.12% H Accumulation 0.11% 0.11% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

185 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

BONDS − 97.98%; 29.2.2020 98.34% AU$500,000 Qantas Airways 7.75% 299 0.01 19/5/2022 AUSTRALIAN DOLLAR − 0.28%; 29.2.2020 0.33% AU$500,000 Telstra 4% 16/9/2022 294 0.01 Australian Dollar Denominated Corporate AU$400,000 Total Capital International 230 0.01 Bonds − 0.28%; 29.2.2020 0.33% 4.25% 26/11/2021 AU$500,000 Anheuser-Busch InBev 302 0.01 AU$500,000 Verizon Communications 279 0.01 Worldwide 3.75% 3.5% 4/11/2039 6/9/2024 AU$500,000 Verizon Communications 309 0.01 AU$500,000 Apple 3.35% 10/1/2024 300 0.01 4.05% 17/2/2025 AU$570,000 Apple 3.7% 28/8/2022 335 0.01 AU$300,000 Vodafone 4.2% 13/12/2027 188 0.01 AU$300,000 AT&T 4.6% 19/9/2028 194 0.01 AU$200,000 Wells Fargo & 3.25% 115 0.00 AU$700,000 AusNet Services Pty 455 0.02 27/4/2022 4.2% 21/8/2028 AU$200,000 Westpac Banking 3.1% 113 0.00 AU$500,000 AusNet Services Pty 326 0.01 3/6/2021 4.4% 16/8/2027 AU$200,000 Westpac Banking 3.125% 117 0.00 AU$500,000 Australia & New Zealand 285 0.01 27/10/2022 Banking 1.55% AU$200,000 Westpac Banking 4.5% 114 0.00 29/8/2024 11/3/2027 AU$500,000 Bank of Montreal 2.1% 286 0.01 AU$200,000 WSO Finance Pty 4.5% 127 0.00 17/7/2024 31/3/2027 AU$250,000 Barclays 3.25% 144 0.00 8,161 0.28 26/6/2024 AU$300,000 Commonwealth Bank of 178 0.01 CANADIAN DOLLAR − 3.39%; 29.2.2020 3.48% Australia 3.2% 16/8/2023 Canadian Dollar Denominated Corporate Bonds − 3.39%; 29.2.2020 3.48% AU$300,000 Commonwealth Bank of 173 0.01 Australia 3.25% CA$500,000 407 International 1.8% 297 0.01 31/3/2022 22/5/2025 AU$500,000 DEXUS Finance Pty 3% 275 0.01 CA$500,000 407 International 2.59% 306 0.01 3/2/2032 25/5/2032 AU$500,000 General Property 269 0.01 CA$250,000 407 International 2.84% 148 0.00 Trust/The 2.849% 7/3/2050 20/2/2032 CA$300,000 407 International 3.6% 202 0.01 AU$750,000 Goldman Sachs 4.7% 431 0.01 21/5/2047 8/9/2021 CA$300,000 407 International 3.65% 202 0.01 AU$500,000 Hyundai Capital 278 0.01 8/9/2044 Services 3.5% 3/6/2021 CA$200,000 407 International 3.72% 137 0.00 AU$300,000 Intel 4% 1/12/2022 178 0.01 11/5/2048 AU$700,000 Lloyds Banking 3.65% 407 0.01 CA$300,000 407 International 3.83% 208 0.01 20/3/2023 11/5/2046 AU$500,000 Lonsdale Finance Pty 282 0.01 CA$150,000 407 International 3.98% 109 0.00 2.45% 20/11/2026 11/9/2052 AU$600,000 Macquarie 3.25% 339 0.01 CA$300,000 407 International 4.19% 215 0.01 15/12/2022 25/4/2042 AU$300,000 Macquarie Bank 1.7% 171 0.01 CA$100,000 407 International 5.75% 75 0.00 12/2/2025 14/2/2036 AU$300,000 McDonald’s 3.8% 189 0.01 CA$200,000 Aeroports de Montreal 118 0.00 8/3/2029 3.03% 21/4/2050 AU$300,000 National Australia Bank 179 0.01 CA$250,000 Aeroports de Montreal 185 0.01 2.9% 26/2/2024 5.17% 17/9/2035 CA$200,000 Air Lease 2.625% 5/12/2024 108 0.00

BlackRock Collective Investment Funds 186 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

CA$495,000 Alberta Powerline LP 338 0.01 CA$800,000 Bank of Montreal 2.37% 482 0.02 4.065% 1/12/2053 3/2/2025 CA$400,000 Alectra 2.488% 17/5/2027 248 0.01 CA$500,000 Bank of Montreal 2.57% 294 0.01 CA$150,000 Alectra 3.458% 12/4/2049 101 0.00 1/6/2027 CA$800,000 Alimentation Couche-Tard 489 0.02 CA$600,000 Bank of Montreal 2.7% 368 0.01 3.056% 26/7/2024 11/9/2024 CA$300,000 Alimentation Couche-Tard 189 0.01 CA$500,000 Bank of Montreal 2.7% 314 0.01 3.6% 2/6/2025 9/12/2026 CA$300,000 Allied Properties Real Estate 182 0.01 CA$500,000 Bank of Montreal 2.85% 304 0.01 Investment Trust 3.113% 6/3/2024 8/4/2027 CA$300,000 Bank of Montreal 2.88% 180 0.01 CA$500,000 Allied Properties Real Estate 302 0.01 17/9/2029 Investment Trust 3.131% CA$700,000 Bank of Montreal 2.89% 425 0.01 15/5/2028 20/6/2023 CA$400,000 Allied Properties Real Estate 244 0.01 CA$1,000,000 Bank of Montreal 3.19% 651 0.02 Investment Trust 3.394% 1/3/2028 15/8/2029 CA$750,000 Bank of Nova Scotia/The 439 0.01 CA$400,000 AltaGas 3.72% 28/9/2021 236 0.01 1.83% 27/4/2022 CA$700,000 AltaGas 3.98% 4/10/2027 453 0.02 CA$500,000 Bank of Nova Scotia/The 292 0.01 CA$500,000 AltaLink Investments LP 292 0.01 1.9% 2/12/2021 2.244% 7/3/2022 CA$800,000 Bank of Nova Scotia/The 478 0.02 CA$500,000 AltaLink LP 3.668% 312 0.01 2.16% 3/2/2025 6/11/2023 CA$800,000 Bank of Nova Scotia/The 483 0.02 CA$300,000 AltaLink LP 3.717% 211 0.01 2.29% 28/6/2024 3/12/2046 CA$600,000 Bank of Nova Scotia/The 357 0.01 CA$500,000 AltaLink LP 4.462% 378 0.01 2.36% 8/11/2022 8/11/2041 CA$2,000,000 Bank of Nova Scotia/The 1,190 0.04 CA$150,000 AltaLink LP 4.922% 122 0.00 2.38% 1/5/2023 17/9/2043 CA$800,000 Bank of Nova Scotia/The 483 0.02 CA$700,000 Anheuser-Busch InBev 420 0.01 2.49% 23/9/2024 Finance 2.6% 15/5/2024 CA$300,000 Bank of Nova Scotia/The 188 0.01 CA$200,000 Anheuser-Busch InBev 124 0.00 2.62% 2/12/2026 Finance 4.32% 15/5/2047 CA$400,000 Bank of Nova Scotia/The 240 0.01 CA$750,000 Apple 2.513% 19/8/2024 456 0.02 2.836% 3/7/2029 CA$600,000 Aroundtown 4.625% 366 0.01 CA$500,000 Bank of Nova Scotia/The 292 0.01 18/9/2025 2.873% 4/6/2021 CA$500,000 AT&T 4% 25/11/2025 322 0.01 CA$400,000 Bank of Nova Scotia/The 247 0.01 CA$300,000 AT&T 4.85% 25/5/2047 199 0.01 3.89% 18/1/2029 CA$250,000 AT&T 5.1% 25/11/2048 172 0.01 CA$500,000 Bell Canada 1.65% 286 0.01 16/8/2027 CA$400,000 Bank of America 2.604% 235 0.01 15/3/2023 CA$500,000 Bell Canada 2% 1/10/2021 291 0.01 CA$400,000 Bank of America 3.407% 248 0.01 CA$800,000 Bell Canada 2.5% 480 0.02 20/9/2025 14/5/2030 CA$200,000 Bank of America 3.515% 125 0.00 CA$500,000 Bell Canada 2.75% 305 0.01 24/3/2026 29/1/2025 CA$200,000 Bank of Montreal 1.88% 116 0.00 CA$300,000 Bell Canada 2.9% 186 0.01 31/3/2021 12/8/2026 CA$500,000 Bank of Montreal 2.077% 291 0.01 CA$1,000,000 Bell Canada 2.9% 620 0.02 17/6/2030 10/9/2029 CA$500,000 Bank of Montreal 2.12% 293 0.01 CA$500,000 Bell Canada 3% 3/10/2022 299 0.01 16/3/2022

187 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

CA$500,000 Bell Canada 3.35% 313 0.01 CA$300,000 Bruce Power LP 3% 182 0.01 12/3/2025 21/6/2024 CA$200,000 Bell Canada 3.5% 121 0.00 CA$1,000,000 Bruce Power LP 3.969% 645 0.02 30/9/2050 23/6/2026 CA$250,000 Bell Canada 3.55% 159 0.01 CA$400,000 Bruce Power LP 4% 263 0.01 2/3/2026 21/6/2030 CA$500,000 Bell Canada 4.45% 345 0.01 CA$300,000 Bruce Power LP 4.746% 222 0.01 27/2/2047 21/6/2049 CA$500,000 Bell Canada 4.7% 317 0.01 CA$300,000 Cameco 4.19% 24/6/2024 183 0.01 11/9/2023 CA$1,000,000 Canadian Imperial Bank of 593 0.02 CA$250,000 Bell Canada 6.1% 193 0.01 Commerce 2% 17/4/2025 16/3/2035 CA$500,000 Canadian Imperial Bank of 290 0.01 CA$250,000 Bell Canada 6.17% 201 0.01 Commerce 2.01% 26/2/2037 21/7/2030 CA$300,000 Bell Canada 7.3% 246 0.01 CA$500,000 Canadian Imperial Bank of 293 0.01 23/2/2032 Commerce 2.04% CA$200,000 BP Capital Markets 3.497% 115 0.00 21/3/2022 9/11/2020 CA$500,000 Canadian Imperial Bank of 300 0.01 CA$500,000 British Columbia Ferry 376 0.01 Commerce 2.35% Services 5.021% 20/3/2037 28/8/2024 CA$300,000 Brookfield Asset 192 0.01 CA$600,000 Canadian Imperial Bank of 361 0.01 Management 5.04% Commerce 2.95% 8/3/2024 19/6/2029 CA$200,000 Brookfield Asset 150 0.00 CA$1,000,000 Canadian Imperial Bank of 610 0.02 Management 5.95% Commerce 2.97% 14/6/2035 11/7/2023 CA$200,000 Brookfield Infrastructure 116 0.00 CA$400,000 Canadian Imperial Bank of 246 0.01 Finance ULC 2.855% Commerce 3.29% 1/9/2032 15/1/2024 CA$400,000 Brookfield Infrastructure 243 0.01 CA$1,000,000 Canadian Imperial Bank of 636 0.02 Finance ULC 3.315% Commerce 3.3% 26/5/2025 22/2/2024 CA$500,000 Canadian Imperial Bank of 302 0.01 CA$400,000 Brookfield Infrastructure 248 0.01 Commerce 3.45% 4/4/2028 Finance ULC 3.41% CA$500,000 Canadian National Railway 319 0.01 9/10/2029 3% 8/2/2029 CA$500,000 Brookfield Property Finance 290 0.01 CA$300,000 Canadian National Railway 193 0.01 ULC 3.926% 24/8/2025 3.2% 31/7/2028 CA$900,000 Brookfield Property Finance 530 0.02 CA$300,000 Canadian National Railway 202 0.01 ULC 4.3% 1/3/2024 3.6% 31/7/2048 CA$200,000 Brookfield Renewable 126 0.00 CA$250,000 Canadian National Railway 175 0.01 Partners ULC 3.38% 3.95% 22/9/2045 15/1/2030 CA$200,000 Canadian Natural 118 0.00 CA$300,000 Brookfield Renewable 191 0.01 Resources 3.31% 11/2/2022 Partners ULC 3.63% CA$300,000 Canadian Natural 184 0.01 15/1/2027 Resources 3.42% 1/12/2026 CA$300,000 Brookfield Renewable 203 0.01 CA$500,000 Canadian Natural 304 0.01 Partners ULC 4.29% Resources 3.55% 3/6/2024 5/11/2049 CA$100,000 Canadian Natural 63 0.00 CA$200,000 Brookfield Renewable 121 0.00 Resources 4.85% 30/5/2047 Partners ULC 4.79% CA$700,000 Canadian Pacific Railway 446 0.02 7/2/2022 3.15% 13/3/2029

BlackRock Collective Investment Funds 188 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

CA$300,000 Canadian Tire 3.167% 181 0.01 CA$400,000 Enbridge Gas 2.81% 250 0.01 6/7/2023 1/6/2026 CA$188,300 Capital City Link General 129 0.00 CA$200,000 Enbridge Gas 2.9% 127 0.00 Partnership 4.386% 1/4/2030 31/3/2046 CA$300,000 Enbridge Gas 3.01% 183 0.01 CA$250,000 Capital Desjardins 4.954% 151 0.01 9/8/2049 15/12/2026 CA$200,000 Enbridge Gas 3.65% 137 0.00 CA$300,000 Capital Power 4.284% 187 0.01 1/4/2050 18/9/2024 CA$500,000 Enbridge Gas 4.2% 362 0.01 CA$200,000 CCL Industries 3.864% 128 0.00 2/6/2044 13/4/2028 CA$500,000 Enbridge Gas 5.21% 385 0.01 CA$500,000 Choice Properties Real 304 0.01 25/2/2036 Estate Investment Trust CA$250,000 Enbridge Gas 6.05% 214 0.01 2.848% 21/5/2027 2/9/2038 CA$500,000 Choice Properties Real 315 0.01 CA$500,000 Enbridge Pipelines 3.52% 323 0.01 Estate Investment Trust 22/2/2029 3.532% 11/6/2029 CA$150,000 Enbridge Pipelines 4.13% 98 0.00 CA$600,000 Choice Properties Real 372 0.01 9/8/2046 Estate Investment Trust CA$200,000 Enbridge Pipelines 4.33% 136 0.00 3.556% 9/9/2024 22/2/2049 CA$500,000 CI Financial 3.52% 299 0.01 CA$250,000 Enbridge Pipelines 4.55% 175 0.01 20/7/2023 29/9/2045 CA$150,000 CIBC Capital Trust 10.25% 94 0.00 CA$300,000 Energir 2.1% 16/4/2027 181 0.01 30/6/2108 CA$200,000 EPCOR Utilities 2.899% 120 0.00 CA$250,000 Citigroup 3.39% 18/11/2021 148 0.00 19/5/2050 CA$300,000 Citigroup 4.09% 9/6/2025 188 0.01 CA$250,000 EPCOR Utilities 3.949% 180 0.01 CA$500,000 Co-operators Financial 296 0.01 26/11/2048 Services 3.327% 13/5/2030 CA$400,000 EPCOR Utilities 6.65% 361 0.01 CA$200,000 CT Real Estate Investment 121 0.00 15/4/2038 Trust 3.469% 16/6/2027 CA$300,000 Fairfax Financial 4.23% 183 0.01 CA$300,000 CT Real Estate Investment 186 0.01 14/6/2029 Trust 3.865% 7/12/2027 CA$500,000 Fairfax Financial 4.95% 316 0.01 CA$300,000 CU 2.963% 7/9/2049 182 0.01 3/3/2025 CA$300,000 CU 3.763% 19/11/2046 207 0.01 CA$500,000 Federation des Caisses 293 0.01 CA$250,000 CU 3.805% 10/9/2042 170 0.01 Desjardins du Quebec CA$250,000 CU 3.95% 23/11/2048 180 0.01 2.091% 17/1/2022 CA$500,000 CU 4.085% 2/9/2044 359 0.01 CA$500,000 Federation des Caisses 305 0.01 CA$400,000 CU 4.558% 7/11/2053 324 0.01 Desjardins du Quebec 3.056% 11/9/2023 CA$1,000,000 Daimler Canada Finance 592 0.02 3.05% 16/5/2022 CA$300,000 First Capital Real Estate 173 0.01 Investment Trust 3.447% CA$500,000 Enbridge 2.44% 2/6/2025 299 0.01 1/3/2028 CA$600,000 Enbridge 2.99% 3/10/2029 368 0.01 CA$250,000 First Capital Real Estate 146 0.00 CA$500,000 Enbridge 3.19% 5/12/2022 300 0.01 Investment Trust 3.456% CA$650,000 Enbridge 3.2% 8/6/2027 403 0.01 22/1/2027 CA$300,000 Enbridge 3.95% 19/11/2024 189 0.01 CA$200,000 First Capital Real Estate 122 0.00 CA$300,000 Enbridge 4.24% 27/8/2042 187 0.01 Investment Trust 4.323% CA$300,000 Enbridge 4.87% 21/11/2044 205 0.01 31/7/2025 CA$300,000 Enbridge Gas 2.5% 185 0.01 CA$600,000 Fortis Inc/Canada 2.85% 362 0.01 5/8/2026 12/12/2023

189 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

CA$300,000 FortisAlberta 6.22% 249 0.01 CA$1,000,000 HSBC Bank Canada 596 0.02 31/10/2034 2.542% 31/1/2023 CA$400,000 FortisBC Energy 2.54% 226 0.01 CA$800,000 Husky Energy 3.5% 459 0.02 13/7/2050 7/2/2028 CA$500,000 FortisBC Energy 3.67% 345 0.01 CA$300,000 Husky Energy 3.6% 176 0.01 9/4/2046 10/3/2027 CA$100,000 FortisBC Energy 3.85% 72 0.00 CA$200,000 Hydro One 1.76% 28/2/2025 118 0.00 7/12/2048 CA$400,000 Hydro One 2.77% 24/2/2026 248 0.01 CA$800,000 GE Capital Canada Funding 477 0.02 CA$500,000 Hydro One 2.97% 26/6/2025 313 0.01 4.6% 26/1/2022 CA$300,000 Hydro One 3.02% 5/4/2029 193 0.01 CA$300,000 General Motors Financial of 177 0.01 CA$500,000 Hydro One 3.63% 25/6/2049 345 0.01 Canada 3.25% 7/11/2023 CA$300,000 Hydro One 3.64% 5/4/2050 208 0.01 CA$500,000 General Motors Financial of 319 0.01 CA$300,000 Hydro One 4.89% 13/3/2037 227 0.01 Canada 5.95% 14/5/2024 CA$600,000 Hydro One 5% 19/10/2046 499 0.02 CA$500,000 Goldman Sachs 2.433% 293 0.01 CA$300,000 IGM Financial 3.44% 188 0.01 26/4/2023 26/1/2027 CA$300,000 Greater Toronto Airports 184 0.01 CA$200,000 IGM Financial 4.206% 134 0.00 Authority 2.73% 3/4/2029 21/3/2050 CA$400,000 Greater Toronto Airports 230 0.01 CA$500,000 IGM Financial 4.56% 351 0.01 Authority 2.75% 17/10/2039 25/1/2047 CA$300,000 Greater Toronto Airports 183 0.01 CA$1,000,000 Intact Financial 2.85% 619 0.02 Authority 3.26% 1/6/2037 7/6/2027 CA$214,287 Greater Toronto Airports 154 0.01 CA$500,000 Inter Pipeline 3.173% 299 0.01 Authority 6.45% 30/7/2029 24/3/2025 CA$200,000 Greater Toronto Airports 167 0.01 CA$400,000 Inter Pipeline 3.484% 243 0.01 Authority 6.98% 15/10/2032 16/12/2026 CA$250,000 Greater Toronto Airports 201 0.01 CA$500,000 John Deere Canada 299 0.01 Authority 7.05% 12/6/2030 Funding 2.7% 17/1/2023 CA$500,000 Great-West Lifeco 2.379% 304 0.01 CA$400,000 John Deere Financial 2.46% 241 0.01 14/5/2030 4/4/2024 CA$450,000 Great-West Lifeco 2.981% 271 0.01 CA$100,000 John Deere Financial 2.58% 62 0.00 8/7/2050 16/10/2026 CA$200,000 Great-West Lifeco 3.337% 130 0.00 CA$400,000 Laurentian Bank of Canada 233 0.01 28/2/2028 2.55% 20/6/2022 CA$200,000 Great-West Lifeco 6.67% 164 0.01 CA$500,000 Loblaw Cos 2.284% 294 0.01 21/3/2033 7/5/2030 CA$500,000 HCN Canadian Holdings- 291 0.01 CA$500,000 Loblaw Cos 4.86% 317 0.01 1 LP 2.95% 15/1/2027 12/9/2023 CA$600,000 Heathrow Funding 3.25% 358 0.01 CA$150,000 Loblaw Cos 5.9% 18/1/2036 115 0.00 21/5/2027 CA$700,000 Manulife Bank of Canada 420 0.01 CA$200,000 Heathrow Funding 3.4% 118 0.00 2.844% 12/1/2023 8/3/2030 CA$300,000 Manulife Finance Delaware 215 0.01 CA$300,000 Honda Canada Finance 180 0.01 LP 5.059% 15/12/2041 2.5% 4/6/2024 CA$500,000 Manulife Financial 2.237% 297 0.01 CA$300,000 Honda Canada Finance 179 0.01 12/5/2030 2.537% 1/3/2023 CA$1,000,000 Manulife Financial 2.818% 611 0.02 CA$200,000 Honda Canada Finance 122 0.00 13/5/2035 3.176% 28/8/2023 CA$200,000 Manulife Financial 3.317% 121 0.00 CA$500,000 HSBC 3.196% 5/12/2023 304 0.01 9/5/2028 CA$1,000,000 HSBC Bank Canada 2.17% 589 0.02 29/6/2022

BlackRock Collective Investment Funds 190 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

CA$500,000 McDonald’s 3.125% 309 0.01 CA$300,000 North West Redwater 201 0.01 4/3/2025 Partnership / NWR CA$400,000 Metro Inc/CN 3.39% 256 0.01 Financing 4.35% 10/1/2039 6/12/2027 CA$500,000 North West Redwater 348 0.01 CA$150,000 Metro Inc/CN 3.413% 89 0.00 Partnership / NWR 28/2/2050 Financing 4.75% 1/6/2037 CA$250,000 Metro Inc/CN 5.97% 192 0.01 CA$499,684 Nouvelle Autoroute 339 0.01 15/10/2035 30 Financement 4.114% CA$300,000 Metropolitan Life Global 194 0.01 31/3/2042 Funding I 3.394% 9/4/2030 CA$200,000 Nova Scotia Power 3.307% 126 0.00 CA$500,000 Molson Coors International 295 0.01 25/4/2050 LP 2.84% 15/7/2023 CA$300,000 Nova Scotia Power 3.571% 197 0.01 CA$500,000 Mondelez International 309 0.01 5/4/2049 3.25% 7/3/2025 CA$250,000 Nova Scotia Power 4.5% 183 0.01 CA$500,000 Morgan Stanley 3% 304 0.01 20/7/2043 7/2/2024 CA$500,000 OMERS Realty 3.628% 337 0.01 CA$1,000,000 National Australia Bank 595 0.02 5/6/2030 3.515% 12/6/2030 CA$300,000 Pembina Pipeline 3.62% 189 0.01 CA$500,000 National Bank of Canada 289 0.01 3/4/2029 1.573% 18/8/2026 CA$300,000 Pembina Pipeline 3.71% 189 0.01 CA$500,000 National Bank of Canada 294 0.01 11/8/2026 1.957% 30/6/2022 CA$300,000 Pembina Pipeline 4.02% 193 0.01 CA$400,000 National Bank of Canada 235 0.01 27/3/2028 2.105% 18/3/2022 CA$500,000 Pembina Pipeline 4.24% 325 0.01 CA$300,000 National Bank of Canada 182 0.01 15/6/2027 2.58% 3/2/2025 CA$400,000 Pembina Pipeline 4.54% 253 0.01 CA$1,000,000 National Bank of Canada 611 0.02 3/4/2049 2.983% 4/3/2024 CA$300,000 Pembina Pipeline 4.67% 194 0.01 CA$250,000 National Bank of Canada 149 0.00 28/5/2050 3.183% 1/2/2028 CA$300,000 Pembina Pipeline 4.74% 192 0.01 CA$150,000 NAV Canada 2.063% 89 0.00 21/1/2047 29/5/2030 CA$300,000 Pembina Pipeline 4.75% 192 0.01 CA$200,000 NAV Canada 2.924% 124 0.00 30/4/2043 29/9/2051 CA$300,000 PepsiCo 2.15% 6/5/2024 179 0.01 CA$500,000 NAV Canada 3.209% 324 0.01 CA$182,160 Plenary Properties LTAP LP 150 0.00 29/9/2050 6.288% 31/1/2044 CA$500,000 Nissan Canada 2.606% 288 0.01 CA$300,000 Power of Canada 4.81% 222 0.01 5/3/2021 31/1/2047 CA$400,000 North West Redwater 245 0.01 CA$500,000 Reliance LP 2.68% 292 0.01 Partnership / NWR 1/12/2027 Financing 2.8% 1/6/2027 CA$500,000 Reliance LP 3.75% 312 0.01 CA$200,000 North West Redwater 123 0.00 15/3/2026 Partnership / NWR CA$500,000 RioCan Real Estate 288 0.01 Financing 3.2% 22/7/2024 Investment Trust 2.194% CA$300,000 North West Redwater 191 0.01 9/4/2021 Partnership / NWR CA$200,000 RioCan Real Estate 112 0.00 Financing 3.65% 1/6/2035 Investment Trust 2.361% CA$250,000 North West Redwater 165 0.01 10/3/2027 Partnership / NWR CA$300,000 RioCan Real Estate 174 0.01 Financing 4.05% 22/7/2044 Investment Trust 2.576% 12/2/2025

191 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

CA$400,000 Rogers Communications 255 0.01 CA$1,000,000 Sun Life Financial 2.58% 605 0.02 3.25% 1/5/2029 10/5/2032 CA$500,000 Rogers Communications 323 0.01 CA$200,000 Sun Life Financial 5.4% 149 0.00 3.65% 31/3/2027 29/5/2042 CA$800,000 Rogers Communications 4% 503 0.02 CA$550,000 Suncor Energy 3.1% 323 0.01 13/3/2024 26/11/2021 CA$300,000 Rogers Communications 243 0.01 CA$500,000 Suncor Energy 3.1% 303 0.01 6.11% 25/8/2040 24/5/2029 CA$750,000 Royal Bank of Canada 435 0.01 CA$500,000 Suncor Energy 5% 9/4/2030 344 0.01 1.583% 13/9/2021 CA$200,000 Sysco Canada 3.65% 121 0.00 CA$500,000 Royal Bank of Canada 296 0.01 25/4/2025 1.936% 1/5/2025 CA$500,000 TELUS 2.35% 27/1/2028 299 0.01 CA$500,000 Royal Bank of Canada 293 0.01 CA$300,000 TELUS 2.75% 8/7/2026 184 0.01 1.968% 2/3/2022 CA$400,000 TELUS 3.15% 19/2/2030 252 0.01 CA$1,000,000 Royal Bank of Canada 2% 586 0.02 CA$400,000 TELUS 3.3% 2/5/2029 255 0.01 21/3/2022 CA$500,000 TELUS 3.35% 15/3/2023 302 0.01 CA$900,000 Royal Bank of Canada 546 0.02 CA$600,000 TELUS 3.75% 17/1/2025 379 0.01 2.328% 28/1/2027 CA$500,000 TELUS 3.75% 10/3/2026 321 0.01 CA$500,000 Royal Bank of Canada 301 0.01 CA$400,000 TELUS 3.95% 16/2/2050 256 0.01 2.333% 5/12/2023 CA$400,000 TELUS 4.4% 29/1/2046 269 0.01 CA$700,000 Royal Bank of Canada 424 0.01 2.352% 2/7/2024 CA$500,000 TELUS 5.15% 26/11/2043 370 0.01 CA$400,000 Royal Bank of Canada 238 0.01 CA$200,000 Teranet LP 3.544% 120 0.00 2.36% 5/12/2022 11/6/2025 CA$500,000 Royal Bank of Canada 303 0.01 CA$700,000 Teranet LP 3.646% 416 0.01 2.609% 1/11/2024 18/11/2022 CA$500,000 Royal Bank of Canada 300 0.01 CA$107,000 Teranet LP 4.807% 62 0.00 2.74% 25/7/2029 16/12/2020 CA$1,500,000 Royal Bank of Canada 905 0.03 CA$500,000 Thomson Reuters 2.239% 299 0.01 2.88% 23/12/2029 14/5/2025 CA$1,000,000 Royal Bank of Canada 608 0.02 CA$400,000 Toronto-Dominion Bank/The 237 0.01 2.949% 1/5/2023 1.909% 18/7/2023 CA$1,000,000 Royal Bank of Canada 617 0.02 CA$500,000 Toronto-Dominion Bank/The 297 0.01 3.296% 26/9/2023 1.943% 13/3/2025 CA$500,000 Royal Bank of Canada 294 0.01 CA$1,200,000 Toronto-Dominion Bank/The 703 0.02 3.45% 29/9/2026 1.994% 23/3/2022 CA$300,000 Saputo 2.876% 19/11/2024 183 0.01 CA$500,000 Toronto-Dominion Bank/The 303 0.01 2.496% 2/12/2024 CA$300,000 Scotiabank Capital Trust 202 0.01 5.65% 31/12/2056 CA$400,000 Toronto-Dominion Bank/The 236 0.01 2.621% 22/12/2021 CA$200,000 Shaw Communications 120 0.00 2.9% 9/12/2030 CA$500,000 Toronto-Dominion Bank/The 305 0.01 2.85% 8/3/2024 CA$200,000 Shaw Communications 125 0.00 3.3% 10/12/2029 CA$1,100,000 Toronto-Dominion Bank/The 679 0.02 3.06% 26/1/2032 CA$500,000 Shaw Communications 321 0.01 3.8% 1/3/2027 CA$1,300,000 Toronto-Dominion Bank/The 796 0.03 3.105% 22/4/2030 CA$200,000 Shaw Communications 127 0.00 4.25% 9/12/2049 CA$700,000 Toronto-Dominion Bank/The 438 0.01 3.226% 24/7/2024 CA$300,000 Shaw Communications 245 0.01 6.75% 9/11/2039 CA$1,200,000 Toronto-Dominion Bank/The 734 0.03 3.589% 14/9/2028 CA$200,000 Sun Life Financial 2.38% 120 0.00 13/8/2029

BlackRock Collective Investment Funds 192 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

CA$250,000 Toronto-Dominion Bank/The 167 0.01 CA$800,000 Wells Fargo & 2.094% 467 0.02 4.859% 4/3/2031 25/4/2022 CA$500,000 Toyota Credit Canada 292 0.01 CA$400,000 Wells Fargo & 2.493% 236 0.01 2.02% 28/2/2022 18/2/2027 CA$500,000 Toyota Credit Canada 301 0.01 CA$500,000 Wells Fargo & 2.568% 297 0.01 2.31% 23/10/2024 1/5/2026 CA$300,000 Toyota Credit Canada 182 0.01 CA$500,000 Wells Fargo & 2.975% 304 0.01 2.64% 27/3/2024 19/5/2026 CA$500,000 Toyota Credit Canada 2.7% 299 0.01 CA$500,000 Wells Fargo & 3.184% 304 0.01 25/1/2023 8/2/2024 CA$500,000 TransCanada PipeLines 3% 303 0.01 CA$400,000 Wells Fargo & 3.874% 249 0.01 18/9/2029 21/5/2025 CA$700,000 TransCanada PipeLines 439 0.01 CA$400,000 Westcoast Energy 4.791% 281 0.01 3.39% 15/3/2028 28/10/2041 CA$100,000 TransCanada PipeLines 59 0.00 98,116 3.39 3.65% 15/11/2021 CA$500,000 TransCanada PipeLines 305 0.01 Canadian Dollar Denominated Government 3.69% 19/7/2023 Bonds − 0.00%; 29.2.2020 0.00% CA$1,000,000 TransCanada PipeLines 640 0.02 CA$130,123 Royal Office Finance LP 96 0.00 3.8% 5/4/2027 5.209% 12/11/2037 CA$350,000 TransCanada PipeLines 220 0.01 EURO − 24.54%; 29.2.2020 24.23% 4.18% 3/7/2048 CA$400,000 TransCanada PipeLines 259 0.01 Euro Denominated Bonds − 0.00%; 29.2.2020 0.02% 4.34% 15/10/2049 Euro Denominated Corporate CA$300,000 TransCanada PipeLines 195 0.01 Bonds − 24.54%; 29.2.2020 24.21% 4.55% 15/11/2041 €400,000 2i Rete Gas 1.608% 382 0.01 CA$350,000 TransCanada PipeLines 319 0.01 31/10/2027 8.05% 17/2/2039 €100,000 2i Rete Gas 2.195% 97 0.00 CA$500,000 TWDC Enterprises 304 0.01 11/9/2025 18 2.758% 7/10/2024 €150,000 2i Rete Gas 3% 16/7/2024 149 0.00 CA$500,000 United Parcel Service 298 0.01 € 2.125% 21/5/2024 175,000 3M 1.5% 9/11/2026 171 0.01 € CA$300,000 Vancouver Airport Authority 173 0.01 350,000 3M 1.5% 2/6/2031 354 0.01 2.874% 18/10/2049 €100,000 3M 1.875% 15/11/2021 92 0.00 CA$200,000 Ventas Canada Finance 116 0.00 €500,000 ABB Finance 0.75% 460 0.02 2.8% 12/4/2024 16/5/2024 CA$200,000 Ventas Canada Finance 121 0.00 €175,000 Abbott Ireland Financing 156 0.00 4.125% 30/9/2024 DAC 0.1% 19/11/2024 CA$800,000 Verizon Communications 478 0.02 €125,000 Abbott Ireland Financing 113 0.00 2.5% 16/5/2030 DAC 0.375% 19/11/2027 CA$100,000 Verizon Communications 60 0.00 €250,000 Abbott Ireland Financing 230 0.01 3.625% 16/5/2050 DAC 0.875% 27/9/2023 CA$500,000 VW Credit Canada 2.85% 302 0.01 €700,000 Abbott Ireland Financing 673 0.02 26/9/2024 DAC 1.5% 27/9/2026 CA$500,000 VW Credit Canada 3.7% 302 0.01 €500,000 AbbVie 0.75% 18/11/2027 454 0.02 14/11/2022 €175,000 AbbVie 1.25% 1/6/2024 162 0.01 CA$400,000 Walt Disney 3.057% 247 0.01 €300,000 AbbVie 1.375% 17/5/2024 279 0.01 30/3/2027 €200,000 AbbVie 1.5% 15/11/2023 186 0.01 CA$500,000 Waste Management of 305 0.01 €175,000 AbbVie 2.125% 1/6/2029 174 0.01 Canada 2.6% 23/9/2026 €800,000 AbbVie 2.625% 15/11/2028 827 0.03

193 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€600,000 Abertis Infraestructuras 523 0.02 €375,000 Adecco International 343 0.01 0.625% 15/7/2025 Financial Services 1.25% €500,000 Abertis Infraestructuras 425 0.01 20/11/2029 1.125% 26/3/2028 €300,000 Aegon 1% 8/12/2023 276 0.01 €400,000 Abertis Infraestructuras 345 0.01 €250,000 Aegon 4% 25/4/2044 241 0.01 1.25% 7/2/2028 €200,000 Aeroporti di Roma 1.625% 174 0.01 €400,000 Abertis Infraestructuras 357 0.01 8/6/2027 1.375% 20/5/2026 €100,000 Aeroporti di Roma 3.25% 90 0.00 €200,000 Abertis Infraestructuras 182 0.01 20/2/2021 1.5% 27/6/2024 €100,000 Ageas 3.25% 2/7/2049 97 0.00 €100,000 Abertis Infraestructuras 86 0.00 €500,000 AIB 1.25% 28/5/2024 456 0.02 1.625% 15/7/2029 €200,000 AIB 1.5% 29/3/2023 183 0.01 € 600,000 Abertis Infraestructuras 557 0.02 €100,000 Air Liquide Finance 0.5% 90 0.00 2.375% 27/9/2027 13/6/2022 € 100,000 Abertis Infraestructuras 95 0.00 €400,000 Air Liquide Finance 0.625% 370 0.01 2.5% 27/2/2025 20/6/2030 € 300,000 Abertis Infraestructuras 3% 285 0.01 €400,000 Air Liquide Finance 0.75% 368 0.01 27/3/2031 13/6/2024 € 500,000 ABN AMRO Bank 0.5% 454 0.02 €500,000 Air Liquide Finance 1% 466 0.02 17/7/2023 2/4/2025 € 125,000 ABN AMRO Bank 0.5% 114 0.00 €200,000 Air Liquide Finance 1.25% 189 0.01 15/4/2026 3/6/2025 € 500,000 ABN AMRO Bank 0.6% 449 0.02 €200,000 Air Liquide Finance 1.25% 195 0.01 15/1/2027 13/6/2028 € 575,000 ABN AMRO Bank 0.625% 521 0.02 €500,000 Air Liquide Finance 1.375% 492 0.02 31/5/2022 2/4/2030 € 400,000 ABN AMRO Bank 0.875% 368 0.01 €100,000 Air Products and Chemicals 90 0.00 15/1/2024 0.5% 5/5/2028 € 500,000 ABN AMRO Bank 0.875% 465 0.02 €100,000 Air Products and Chemicals 90 0.00 22/4/2025 0.8% 5/5/2032 € 350,000 ABN AMRO Bank 1% 328 0.01 €175,000 Air Products and Chemicals 163 0.01 16/4/2025 1% 12/2/2025 € 200,000 ABN AMRO Bank 1.25% 186 0.01 €500,000 Airbus 1.375% 9/6/2026 463 0.02 28/5/2025 €500,000 Airbus 1.625% 7/4/2025 470 0.02 €500,000 ABN AMRO Bank 2.5% 484 0.02 €350,000 Airbus 1.625% 9/6/2030 320 0.01 29/11/2023 €300,000 Airbus 2% 7/4/2028 288 0.01 €300,000 ABN AMRO Bank 2.875% 281 0.01 €400,000 Airbus 2.375% 7/4/2032 387 0.01 18/1/2028 €300,000 Airbus 2.375% 9/6/2040 273 0.01 €150,000 ABN AMRO Bank 4.125% 143 0.00 € 28/3/2022 200,000 Airbus Finance 1.375% 179 0.01 13/5/2031 €124,000 ABN AMRO Bank 7.125% 125 0.00 € 6/7/2022 300,000 Airbus Finance 2.125% 295 0.01 29/10/2029Ø €225,000 Achmea 1.5% 26/5/2027 211 0.01 €225,000 Akelius Residential Property 203 0.01 €100,000 Achmea 2.5% 19/11/2020 90 0.00 1.125% 14/3/2024 €250,000 Achmea 4.25% Perpetual 240 0.01 €200,000 Akelius Residential Property 182 0.01 4/2/2169 1.5% 23/1/2022 €300,000 Achmea Bank 1.125% 272 0.01 €100,000 Akelius Residential Property 92 0.00 25/4/2022 1.75% 7/2/2025 €300,000 ACS Servicios 281 0.01 €500,000 Akzo Nobel 1.625% 481 0.02 Comunicaciones y Energia 14/4/2030 SL 1.875% 20/4/2026

BlackRock Collective Investment Funds 194 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€500,000 Akzo Nobel 2.625% 469 0.02 €300,000 Altareit 2.875% 2/7/2025 271 0.01 27/7/2022 €125,000 Altria 1% 15/2/2023 114 0.00 €200,000 Albemarle 1.875% 181 0.01 €350,000 Altria 1.7% 15/6/2025 328 0.01 8/12/2021 €825,000 Altria 2.2% 15/6/2027 792 0.03 € 150,000 Albemarle New 1.125% 134 0.00 €125,000 Altria 3.125% 15/6/2031 126 0.00 25/11/2025 €100,000 Amadeus Capital Markets 90 0.00 € 200,000 Albemarle New 1.625% 179 0.01 SAU 1.625% 17/11/2021 25/11/2028 €200,000 Amadeus IT 0.875% 178 0.01 € Ø 500,000 ALD 0.875% 18/7/2022 451 0.02 18/9/2023 € 100,000 Alfa Laval Treasury 88 0.00 €200,000 Amadeus IT 1.5% 18/9/2026 181 0.01 International 0.25% €200,000 Amadeus IT 2.5% 20/5/2024 186 0.01 25/6/2024 €200,000 Amadeus IT 2.875% 190 0.01 €100,000 Alfa Laval Treasury 91 0.00 20/5/2027 International 1.375% €738,000 America Movil 1.5% 687 0.02 12/9/2022 10/3/2024 €175,000 Alimentation Couche-Tard 167 0.01 €100,000 America Movil 2.125% 100 0.00 1.875% 6/5/2026 10/3/2028 €600,000 Allianz 1.301% 25/9/2049 533 0.02 €700,000 America Movil 3% 640 0.02 €400,000 Allianz 2.121% 8/7/2050 377 0.01 12/7/2021 €700,000 Allianz 2.241% 7/7/2045 661 0.02 €400,000 America Movil 4.75% 386 0.01 € Ø 300,000 Allianz 3.099% 6/7/2047 303 0.01 28/6/2022 € 300,000 Allianz 3.375% Perpetual 293 0.01 €100,000 America Movil 6.375% 102 0.00 18/9/2168 6/9/2073 € 400,000 Allianz 4.75% Perpetual 400 0.01 €300,000 American Honda Finance 270 0.01 24/10/2168 0.35% 26/8/2022 € 800,000 Allianz 5.625% 17/10/2042 789 0.03 €400,000 American Honda Finance 368 0.01 €500,000 Allianz Finance II 0% 449 0.02 1.375% 10/11/2022 14/1/2025 €500,000 American Honda Finance 458 0.02 €300,000 Allianz Finance II 0.5% 273 0.01 1.6% 20/4/2022 14/1/2031 €625,000 American Honda Finance 597 0.02 €300,000 Allianz Finance II 0.875% 281 0.01 1.95% 18/10/2024 15/1/2026 €525,000 American International 1.5% 484 0.02 €300,000 Allianz Finance II 0.875% 285 0.01 8/6/2023 6/12/2027 €300,000 American International 286 0.01 €100,000 Allianz Finance II 1.375% 99 0.00 1.875% 21/6/2027 21/4/2031 €225,000 American Tower 1.95% 217 0.01 €200,000 Allianz Finance II 1.5% 201 0.01 22/5/2026 15/1/2030 €225,000 Amgen 1.25% 25/2/2022 204 0.01 € 100,000 Allianz Finance II 3% 110 0.00 €300,000 Amgen 2% 25/2/2026 293 0.01 13/3/2028 €125,000 Amphenol Technologies 2% 123 0.00 € 300,000 Allianz Finance II 3.5% 283 0.01 8/10/2028 14/2/2022 €350,000 Anglo American Capital 328 0.01 € 200,000 Alpha Trains Finance 187 0.01 1.625% 18/9/2025 2.064% 30/6/2030 €300,000 Anglo American Capital 278 0.01 € 500,000 alstria office REIT-AG 0.5% 436 0.01 1.625% 11/3/2026 26/9/2025 €700,000 Anheuser-Busch InBev 653 0.02 € 100,000 alstria office REIT-AG 92 0.00 1.125% 1/7/2027 2.125% 12/4/2023 €275,000 Anheuser-Busch InBev 257 0.01 € 200,000 Altarea 1.875% 17/1/2028 166 0.01 1.15% 22/1/2027 €100,000 Altarea 2.25% 5/7/2024 91 0.00

195 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€1,000,000 Anheuser-Busch InBev 951 0.03 €300,000 Argentum Netherlands for 281 0.01 1.5% 17/3/2025 Givaudan 1.125% 17/9/2025 €475,000 Anheuser-Busch InBev 456 0.02 €500,000 Argentum Netherlands for 500 0.02 1.65% 28/3/2031 Swiss Life 4.375% Perpetual €575,000 Anheuser-Busch InBev 2% 567 0.02 16/6/2169 17/3/2028 €100,000 Argentum Netherlands for 100 0.00 €300,000 Anheuser-Busch InBev 2% 288 0.01 Zurich Insurance 2.75% 23/1/2035 19/2/2049 €500,000 Anheuser-Busch InBev 496 0.02 €475,000 Argentum Netherlands for 484 0.02 2.125% 2/12/2027 Zurich Insurance 3.5% €500,000 Anheuser-Busch InBev 510 0.02 1/10/2046 2.7% 31/3/2026 €100,000 Arion Banki HF 1.625% 91 0.00 €875,000 Anheuser-Busch InBev 902 0.03 1/12/2021 2.75% 17/3/2036 €200,000 Arkema 0.75% 3/12/2029 177 0.01 €750,000 Anheuser-Busch InBev 795 0.03 €600,000 Arkema 1.5% 20/1/2025 565 0.02 2.875% 2/4/2032 €100,000 Arkema 1.5% Perpetual 85 0.00 €700,000 Anheuser-Busch InBev 785 0.03 21/1/2169 3.7% 2/4/2040 €500,000 Aroundtown 0.625% 441 0.01 €200,000 Annington Funding 1.65% 186 0.01 9/7/2025 12/7/2024 €200,000 Aroundtown 1.5% 28/5/2026 183 0.01 €125,000 Aon 2.875% 14/5/2026 126 0.00 €400,000 Aroundtown 2% 2/11/2026 378 0.01 €400,000 AP Moller - Maersk 1.75% 368 0.01 €200,000 Aroundtown 2.875% 173 0.01 16/3/2026 Perpetual 12/1/2169 €300,000 Apple 0.5% 15/11/2031 277 0.01 €150,000 Asahi 0.321% 19/9/2021 134 0.00 €1,000,000 Apple 0.875% 24/5/2025 934 0.03 €300,000 Asahi 1.151% 19/9/2025Ø 276 0.01 €250,000 Apple 1% 10/11/2022 229 0.01 €500,000 ASB Finance 0.5% 451 0.02 €250,000 Apple 1.375% 17/1/2024 235 0.01 10/6/2022 €400,000 Apple 1.375% 24/5/2029 395 0.01 €300,000 ASB Finance 0.75% 275 0.01 €200,000 Apple 1.625% 10/11/2026 197 0.01 13/3/2024 € €300,000 Apple 2% 17/9/2027 306 0.01 825,000 ASML 0.25% 25/2/2030 725 0.02 € €300,000 APRR 0% 20/1/2023 268 0.01 500,000 ASML 0.625% 7/7/2022 452 0.02 € €500,000 APRR 1.125% 9/1/2026Ø 470 0.02 125,000 ASML 0.625% 7/5/2029 114 0.00 € €200,000 APRR 1.25% 6/1/2027 191 0.01 300,000 ASML 1.375% 7/7/2026 289 0.01 € €300,000 APRR 1.5% 25/1/2030 296 0.01 225,000 ASML 1.625% 28/5/2027 221 0.01 € €200,000 APRR 1.625% 13/1/2032 200 0.01 150,000 ASML 3.375% 19/9/2023 148 0.00 € €300,000 APRR 1.875% 6/1/2031 305 0.01 200,000 ASR Nederland 3.375% 192 0.01 2/5/2049 €200,000 APT Pipelines 1.375% 181 0.01 € 22/3/2022 200,000 ASR Nederland 5% 201 0.01 Perpetual 30/9/2168 €225,000 APT Pipelines 2% 22/3/2027 215 0.01 €300,000 Assicurazioni Generali 271 0.01 €175,000 APT Pipelines 2% 15/7/2030 167 0.01 2.124% 1/10/2030 €200,000 Aptiv 1.5% 10/3/2025 184 0.01 €200,000 Assicurazioni Generali 181 0.01 €125,000 Aptiv 1.6% 15/9/2028 114 0.00 2.429% 14/7/2031 €200,000 Aquarius & Investments for 197 0.01 €200,000 Assicurazioni Generali 203 0.01 Zurich Insurance 4.25% 3.875% 29/1/2029 2/10/2043 €100,000 Assicurazioni Generali 102 0.00 €375,000 Archer-Daniels-Midland 1% 348 0.01 4.125% 4/5/2026 12/9/2025 €200,000 Assicurazioni Generali 5% 208 0.01 €200,000 Argenta Spaarbank 1% 179 0.01 8/6/2048 29/1/2027

BlackRock Collective Investment Funds 196 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€450,000 Assicurazioni Generali 484 0.02 €400,000 Auchan 2.625% 30/1/2024 370 0.01 5.125% 16/9/2024 €500,000 Auchan 2.875% 29/1/2026 459 0.02 €375,000 Assicurazioni Generali 5.5% 398 0.01 €200,000 Auchan 3.25% 23/7/2027 184 0.01 27/10/2047 €300,000 Aurizon Network Pty 2% 283 0.01 €200,000 Assicurazioni Generali 206 0.01 18/9/2024 7.75% 12/12/2042 €150,000 Aurizon Network Pty 3.125% 149 0.00 €100,000 Assicurazioni Generali 105 0.00 1/6/2026 10.125% 10/7/2042 €400,000 Ausgrid Finance Pty 1.25% 373 0.01 €200,000 ASTM 1.625% 8/2/2028 175 0.01 30/7/2025 €100,000 ASTM 3.375% 13/2/2024 95 0.00 €100,000 AusNet Services Pty 1.5% 97 0.00 €325,000 AstraZeneca 0.75% 298 0.01 26/2/2027 12/5/2024 €500,000 Australia & New Zealand 455 0.02 €125,000 AstraZeneca 0.875% 113 0.00 Banking 0.625% 21/2/2023 24/11/2021 €225,000 Australia & New Zealand 201 0.01 €250,000 AstraZeneca 1.25% 241 0.01 Banking 1.125% 21/11/2029 12/5/2028 €200,000 Australia Pacific Airports 182 0.01 €500,000 AT&T 0.25% 4/3/2026 442 0.01 Melbourne Pty 1.75% €300,000 AT&T 0.8% 4/3/2030 264 0.01 15/10/2024 €225,000 AT&T 1.05% 5/9/2023 206 0.01 €125,000 Autoliv 0.75% 26/6/2023 111 0.00 €475,000 AT&T 1.3% 5/9/2023 438 0.01 €600,000 Autoroutes du Sud de la 573 0.02 €450,000 AT&T 1.45% 1/6/2022 411 0.01 France 1.25% 18/1/2027 € €600,000 AT&T 1.6% 19/5/2028 567 0.02 200,000 Autoroutes du Sud de la 195 0.01 France 1.375% 27/6/2028 €300,000 AT&T 1.8% 5/9/2026 287 0.01 €300,000 Autoroutes du Sud de la 295 0.01 €325,000 AT&T 1.8% 14/9/2039 285 0.01 France 1.375% 21/2/2031 €600,000 AT&T 1.95% 15/9/2023 563 0.02 €500,000 Autoroutes du Sud de la 477 0.02 €300,000 AT&T 2.05% 19/5/2032 290 0.01 France 2.875% 18/1/2023 €525,000 AT&T 2.35% 5/9/2029 526 0.02 €300,000 Autoroutes du Sud de la 293 0.01 € 450,000 AT&T 2.4% 15/3/2024 430 0.01 France 2.95% 17/1/2024 € 200,000 AT&T 2.45% 15/3/2035 197 0.01 €250,000 Autoroutes du Sud de la 246 0.01 € 400,000 AT&T 2.6% 17/12/2029 410 0.01 France 5.625% 4/7/2022 € 525,000 AT&T 2.6% 19/5/2038 518 0.02 €175,000 Aviva 0.625% 27/10/2023 159 0.01 € 100,000 AT&T 2.75% 19/5/2023 96 0.00 €200,000 Aviva 1.875% 13/11/2027 197 0.01 € 650,000 AT&T 3.15% 4/9/2036 682 0.02 €200,000 Aviva 3.375% 4/12/2045 193 0.01 € 250,000 AT&T 3.375% 15/3/2034 273 0.01 €300,000 Aviva 6.125% 5/7/2043 306 0.01 € 100,000 AT&T 3.5% 17/12/2025 103 0.00 €200,000 AXA 1.125% 15/5/2028 194 0.01 € 200,000 AT&T 3.55% 17/12/2032 222 0.01 €600,000 AXA 3.25% 28/5/2049 607 0.02 € 500,000 ATF Netherlands 3.75% 452 0.02 €550,000 AXA 3.375% 6/7/2047 558 0.02 Perpetual 20/1/2169 €125,000 AXA 3.875% Perpetual 125 0.00 € 450,000 Athene Global Funding 403 0.01 8/10/2168 1.125% 2/9/2025 €300,000 AXA 3.941% Perpetual 296 0.01 € 500,000 Athene Global Funding 461 0.02 7/11/2168 1.875% 23/6/2023 €600,000 AXA 5.125% 4/7/2043 600 0.02 € 150,000 Atlas Copco 0.625% 138 0.00 €300,000 Azimut 1.625% 12/12/2024 263 0.01 30/8/2026 €200,000 Azimut 2% 28/3/2022 180 0.01 €500,000 Atos 0.75% 7/5/2022 452 0.02 €500,000 Azzurra Aeroporti 2.125% 445 0.01 € 200,000 Atos 1.75% 7/5/2025 190 0.01 30/5/2024 € 100,000 Auchan 2.25% 6/4/2023 92 0.00 €225,000 Babcock International 198 0.01 € 100,000 Auchan 2.375% 12/12/2022 92 0.00 1.375% 13/9/2027 €400,000 Auchan 2.375% 25/4/2025 364 0.01

197 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€200,000 Babcock International 182 0.01 €500,000 Banco Santander 3.25% 492 0.02 1.75% 6/10/2022 4/4/2026 €100,000 Bacardi 2.75% 3/7/2023 93 0.00 €600,000 Bank of America 0.58% 531 0.02 €500,000 Banco Bilbao Vizcaya 433 0.01 8/8/2029 Argentaria 0.5% 14/1/2027 €500,000 Bank of America 0.75% 455 0.02 €700,000 Banco Bilbao Vizcaya 633 0.02 26/7/2023 Argentaria 0.75% 11/9/2022 €975,000 Bank of America 0.808% 888 0.03 €200,000 Banco Bilbao Vizcaya 182 0.01 9/5/2026 Argentaria 0.75% 4/6/2025 €500,000 Bank of America 1.379% 465 0.02 €600,000 Banco Bilbao Vizcaya 544 0.02 7/2/2025 Argentaria 1% 21/6/2026 €200,000 Bank of America 1.381% 189 0.01 €500,000 Banco Bilbao Vizcaya 424 0.01 9/5/2030 Argentaria 1% 16/1/2030 €500,000 Bank of America 1.625% 462 0.02 €900,000 Banco Bilbao Vizcaya 814 0.03 14/9/2022 Argentaria 1.125% €300,000 Bank of America 1.662% 286 0.01 28/2/2024 25/4/2028 €300,000 Banco Bilbao Vizcaya 277 0.01 €175,000 Bank of America 1.776% 168 0.01 Argentaria 1.375% 4/5/2027 14/5/2025 €400,000 Bank of America 2.375% 387 0.01 €300,000 Banco Bilbao Vizcaya 275 0.01 19/6/2024 Argentaria 2.575% €500,000 Bank of America 3.648% 543 0.02 22/2/2029 31/3/2029 €200,000 Banco Bilbao Vizcaya 199 0.01 €150,000 Bank of Ireland 1% 135 0.00 Argentaria 3.5% 10/2/2027 25/11/2025 €800,000 Banco de Sabadell 0.625% 697 0.02 €600,000 Bank of Ireland 1.375% 547 0.02 7/11/2025 29/8/2023 €600,000 Banco de Sabadell 1.625% 546 0.02 €500,000 Bank of Nova Scotia/The 450 0.02 7/3/2024 0.375% 6/4/2022 €500,000 Banco de Sabadell 1.75% 454 0.02 €425,000 Bank of Nova Scotia/The 385 0.01 29/6/2023 0.5% 30/4/2024 €200,000 Banco de Sabadell 1.75% 175 0.01 €100,000 Bankia 0.75% 9/7/2026 88 0.00 10/5/2024 €600,000 Bankia 0.875% 25/3/2024 540 0.02 € 500,000 Banco Santander 0.25% 448 0.01 €100,000 Bankia 1% 25/6/2024 88 0.00 19/6/2024 €300,000 Bankia 1.125% 12/11/2026 260 0.01 €200,000 Banco Santander 0.3% 179 0.01 €100,000 Bankinter 0.625% 6/10/2027 86 0.00 4/10/2026 €100,000 Bankinter 0.875% 5/3/2024 91 0.00 €400,000 Banco Santander 0.5% 350 0.01 €400,000 Bankinter 0.875% 8/7/2026 353 0.01 4/2/2027 €500,000 Banque Federative du 449 0.02 €100,000 Banco Santander 1.125% 91 0.00 Credit Mutuel 0.125% 23/6/2027 30/8/2021 €600,000 Banco Santander 1.375% 546 0.02 €700,000 Banque Federative du 628 0.02 9/2/2022 Credit Mutuel 0.125% €500,000 Banco Santander 1.375% 461 0.02 5/2/2024 14/12/2022 €500,000 Banque Federative du 450 0.02 €1,000,000 Banco Santander 1.375% 920 0.03 Credit Mutuel 0.375% 5/1/2026 13/1/2022 €500,000 Banco Santander 2.5% 475 0.02 €300,000 Banque Federative du 271 0.01 18/3/2025 Credit Mutuel 0.5% € 900,000 Banco Santander 3.125% 888 0.03 16/11/2022 19/1/2027

BlackRock Collective Investment Funds 198 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€1,400,000 Banque Federative du 1,278 0.04 €300,000 Barclays 1.5% 1/4/2022 273 0.01 Credit Mutuel 0.75% €475,000 Barclays 1.875% 8/12/2023 444 0.01 15/6/2023 €550,000 Barclays 2% 7/2/2028 494 0.02 € 500,000 Banque Federative du 461 0.02 €800,000 Barclays 3.375% 2/4/2025 778 0.03 Credit Mutuel 0.75% €500,000 Barclays Bank 6.625% 489 0.02 17/7/2025 30/3/2022 €400,000 Banque Federative du 369 0.01 €500,000 BASF 0.101% 5/6/2023 448 0.02 Credit Mutuel 0.75% €800,000 BASF 0.875% 22/5/2025 744 0.03 8/6/2026 €625,000 BASF 0.875% 15/11/2027 588 0.02 €500,000 Banque Federative du 461 0.02 € Credit Mutuel 0.75% 200,000 BASF 1.5% 22/5/2030 199 0.01 € 8/6/2026 225,000 BASF 1.625% 15/11/2037 226 0.01 € €700,000 Banque Federative du 629 0.02 400,000 BASF 2% 5/12/2022 374 0.01 Credit Mutuel 0.75% €200,000 BASF 2.5% 22/1/2024 193 0.01 17/1/2030 €275,000 BAT Capital 1.125% 251 0.01 €500,000 Banque Federative du 470 0.02 16/11/2023 Credit Mutuel 1.25% €500,000 BAT International Finance 454 0.02 14/1/2025 0.875% 13/10/2023 €300,000 Banque Federative du 288 0.01 €500,000 BAT International Finance 453 0.02 Credit Mutuel 1.25% 1.25% 13/3/2027 26/5/2027 €550,000 BAT International Finance 520 0.02 €300,000 Banque Federative du 280 0.01 2.25% 16/1/2030 Credit Mutuel 1.25% €200,000 BAT International Finance 198 0.01 3/6/2030 2.75% 25/3/2025 €300,000 Banque Federative du 290 0.01 €350,000 BAT International Finance 325 0.01 Credit Mutuel 1.625% 3.625% 9/11/2021 19/1/2026 €775,000 BAT Netherlands Finance 743 0.03 €300,000 Banque Federative du 282 0.01 2.375% 7/10/2024 Credit Mutuel 1.875% €475,000 BAT Netherlands Finance 483 0.02 4/11/2026 3.125% 7/4/2028 € 300,000 Banque Federative du 285 0.01 €100,000 BAWAG 2.375% 26/3/2029 90 0.00 Credit Mutuel 1.875% €300,000 BAWAG PSK Bank fuer 252 0.01 18/6/2029 Arbeit und Wirtschaft und € 300,000 Banque Federative du 288 0.01 Oesterreichische Credit Mutuel 2.375% Postsparkasse 0.375% 24/3/2026 3/9/2027 € 300,000 Banque Federative du 297 0.01 €225,000 Baxter International 0.4% 204 0.01 Credit Mutuel 2.5% 15/5/2024 25/5/2028 €275,000 Baxter International 1.3% 259 0.01 € 200,000 Banque Federative du 195 0.01 30/5/2025 Credit Mutuel 2.625% €150,000 Baxter International 1.3% 142 0.00 18/3/2024 15/5/2029 €500,000 Banque Federative du 493 0.02 €500,000 Bayer 0.375% 6/7/2024 450 0.02 Credit Mutuel 2.625% €500,000 Bayer 1.125% 6/1/2030 454 0.02 31/3/2027 €500,000 Bayer 1.375% 6/7/2032 455 0.02 €500,000 Banque Federative du 491 0.02 € Credit Mutuel 3% 100,000 Bayer 1.875% 25/1/2021 90 0.00 € 28/11/2023 300,000 Bayer 2.375% 2/4/2075 269 0.01 € €125,000 Banque Federative du 121 0.00 300,000 Bayer 2.375% 12/11/2079 264 0.01 Credit Mutuel 3% 21/5/2024 €400,000 Bayer 3.125% 12/11/2079 360 0.01 €500,000 Barclays 0.75% 9/6/2025 445 0.01 €600,000 Bayer 3.75% 1/7/2074 558 0.02 €400,000 Barclays 1.375% 24/1/2026 366 0.01

199 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€200,000 Bayer Capital 0.625% 181 0.01 €400,000 Bertelsmann & 1.75% 382 0.01 15/12/2022 14/10/2024 €100,000 Bayer Capital 1.25% 93 0.00 €500,000 Bertelsmann & 2% 1/4/2028 490 0.02 13/11/2023 €200,000 BG Energy Capital 1.25% 182 0.01 €600,000 Bayer Capital 1.5% 565 0.02 21/11/2022 26/6/2026 €200,000 BG Energy Capital 2.25% 204 0.01 €400,000 Bayer Capital 2.125% 396 0.01 21/11/2029 15/12/2029 €300,000 BHP Billiton Finance 0.75% 272 0.01 €150,000 Becton Dickinson and 1.9% 141 0.00 28/10/2022 15/12/2026 €200,000 BHP Billiton Finance 1.5% 195 0.01 €500,000 Becton Dickinson Euro 448 0.01 29/4/2030 Finance Sarl 0.632% €200,000 BHP Billiton Finance 3% 199 0.01 4/6/2023 29/5/2024 €200,000 Becton Dickinson Euro 182 0.01 €100,000 BHP Billiton Finance 3.125% 114 0.00 Finance Sarl 1.208% 29/4/2033 4/6/2026 €250,000 BHP Billiton Finance 3.25% 270 0.01 €300,000 Belfius Bank 0% 28/8/2026 263 0.01 24/9/2027 €100,000 Belfius Bank 0.375% 89 0.00 €200,000 BHP Billiton Finance 5.625% 210 0.01 2/9/2025 22/10/2079 €100,000 Belfius Bank 0.375% 89 0.00 €150,000 Blackstone Finance 1.5% 144 0.00 13/2/2026 10/4/2029 €500,000 Belfius Bank 0.75% 452 0.02 €250,000 Blackstone Finance 2% 239 0.01 12/9/2022 19/5/2025Ø €200,000 Belfius Bank 1% 26/10/2024 184 0.01 €125,000 Blackstone Property 113 0.00 €100,000 Belfius Bank 3.125% 100 0.00 Partners Europe Sarl 1.4% 11/5/2026 6/7/2022 €600,000 Berkshire Hathaway 0% 534 0.02 €700,000 Blackstone Property 646 0.02 12/3/2025 Partners Europe Sarl 2% €150,000 Berkshire Hathaway 0.625% 136 0.00 15/2/2024 17/1/2023 €300,000 Blackstone Property 280 0.01 €375,000 Berkshire Hathaway 0.75% 341 0.01 Partners Europe Sarl 2.2% 16/3/2023 24/7/2025 €400,000 Berkshire Hathaway 1.125% 379 0.01 €500,000 BMW Finance 0% 24/3/2023 446 0.01 16/3/2027 €500,000 BMW Finance 0.125% 448 0.01 €300,000 Berkshire Hathaway 1.3% 280 0.01 13/7/2022 15/3/2024 €200,000 BMW Finance 0.25% 179 0.01 €200,000 Berkshire Hathaway 1.625% 202 0.01 14/1/2022 16/3/2035 €700,000 BMW Finance 0.375% 631 0.02 €625,000 Berkshire Hathaway 2.15% 636 0.02 10/7/2023 15/3/2028 €500,000 BMW Finance 0.375% 448 0.02 €400,000 Berlin Hyp 0.375% 363 0.01 14/1/2027 28/8/2023 €200,000 BMW Finance 0.375% 179 0.01 €300,000 Berlin Hyp 0.5% 26/9/2023 270 0.01 24/9/2027 €200,000 Berlin Hyp 0.5% 5/11/2029 182 0.01 €1,000,000 BMW Finance 0.5% 904 0.03 €300,000 Berlin Hyp 1% 5/2/2026 282 0.01 22/11/2022 € €100,000 Bertelsmann & 1.125% 94 0.00 1,000,000 BMW Finance 0.625% 910 0.03 27/4/2026 6/10/2023 € €100,000 Bertelsmann & 1.25% 94 0.00 250,000 BMW Finance 0.75% 229 0.01 29/9/2025 15/4/2024 € €100,000 Bertelsmann & 1.5% 94 0.00 275,000 BMW Finance 0.75% 253 0.01 15/5/2030 13/7/2026

BlackRock Collective Investment Funds 200 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€250,000 BMW Finance 0.875% 232 0.01 €300,000 BNP Paribas 1.625% 271 0.01 3/4/2025 2/7/2031 €300,000 BMW Finance 1% 278 0.01 €700,000 BNP Paribas 2.125% 678 0.02 14/11/2024 23/1/2027 €225,000 BMW Finance 1.125% 213 0.01 €275,000 BNP Paribas 2.25% 264 0.01 10/1/2028 11/1/2027 €600,000 BMW Finance 1.5% 581 0.02 €300,000 BNP Paribas 2.375% 293 0.01 6/2/2029 20/5/2024 €100,000 BMW Finance 2.375% 94 0.00 €800,000 BNP Paribas 2.375% 764 0.03 24/1/2023 17/2/2025 €400,000 BMW US Capital 0.625% 361 0.01 €200,000 BNP Paribas 2.375% 191 0.01 20/4/2022 20/11/2030 €400,000 BMW US Capital 1% 375 0.01 €250,000 BNP Paribas 2.75% 245 0.01 20/4/2027 27/1/2026 €400,000 BMW US Capital 1.125% 362 0.01 €100,000 BNP Paribas 2.875% 95 0.00 18/9/2021 24/10/2022 €300,000 BNP Paribas 0.125% 261 0.01 €800,000 BNP Paribas 2.875% 780 0.03 4/9/2026 26/9/2023 €500,000 BNP Paribas 0.5% 448 0.01 €400,000 BNP Paribas 2.875% 398 0.01 15/7/2025 1/10/2026 €300,000 BNP Paribas 0.5% 4/6/2026 269 0.01 €400,000 BNP Paribas Cardif 1% 359 0.01 €400,000 BNP Paribas 0.5% 354 0.01 29/11/2024 19/2/2028 €200,000 BNP Paribas Cardif 4.032% 197 0.01 €200,000 BNP Paribas 0.75% 182 0.01 Perpetual 25/11/2168 11/11/2022 €200,000 BNZ International Funding 181 0.01 €625,000 BNP Paribas 1.125% 573 0.02 Ltd/London 0.5% 13/5/2023 15/1/2023 €675,000 BNZ International Funding 609 0.02 €500,000 BNP Paribas 1.125% 460 0.02 Ltd/London 0.625% 10/10/2023 23/4/2022 €500,000 BNP Paribas 1.125% 460 0.02 €225,000 Booking 1.8% 3/3/2027 210 0.01 22/11/2023 €400,000 Booking 2.15% 25/11/2022 370 0.01 €200,000 BNP Paribas 1.125% 185 0.01 €300,000 Booking 2.375% 23/9/2024 285 0.01 28/8/2024 €125,000 Boston Scientific 0.625% 110 0.00 €500,000 BNP Paribas 1.125% 462 0.02 1/12/2027 11/6/2026 €300,000 Bouygues 1.125% 281 0.01 €600,000 BNP Paribas 1.125% 554 0.02 24/7/2028 17/4/2029 €200,000 Bouygues 1.375% 7/6/2027 193 0.01 €300,000 BNP Paribas 1.125% 265 0.01 €200,000 Bouygues 3.625% 194 0.01 15/1/2032 16/1/2023 €800,000 BNP Paribas 1.25% 743 0.03 €500,000 Bouygues 4.5% 9/2/2022 476 0.02 19/3/2025 €300,000 BP Capital Markets 0.83% 275 0.01 €300,000 BNP Paribas 1.375% 284 0.01 19/9/2024 28/5/2029 €300,000 BP Capital Markets 0.831% 273 0.01 €500,000 BNP Paribas 1.5% 472 0.02 8/11/2027 17/11/2025 €500,000 BP Capital Markets 0.9% 459 0.02 €200,000 BNP Paribas 1.5% 191 0.01 3/7/2024 23/5/2028 €400,000 BP Capital Markets 1.077% 372 0.01 €300,000 BNP Paribas 1.5% 298 0.01 26/6/2025 25/5/2028 €300,000 BP Capital Markets 1.104% 268 0.01 €300,000 BNP Paribas 1.625% 294 0.01 15/11/2034 23/2/2026

201 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€300,000 BP Capital Markets 1.109% 276 0.01 €150,000 Brenntag Finance 1.125% 138 0.00 16/2/2023 27/9/2025 €125,000 BP Capital Markets 1.117% 115 0.00 €200,000 Brisa-Concessao Rodoviaria 185 0.01 25/1/2024 1.875% 30/4/2025Ø €375,000 BP Capital Markets 1.231% 346 0.01 €100,000 Brisa-Concessao Rodoviaria 93 0.00 8/5/2031 2% 22/3/2023 €500,000 BP Capital Markets 1.526% 462 0.02 €125,000 Bristol-Myers Squibb 1% 118 0.00 26/9/2022 15/5/2025 €300,000 BP Capital Markets 1.573% 287 0.01 €200,000 Bristol-Myers Squibb 1.75% 206 0.01 16/2/2027 15/5/2035 €300,000 BP Capital Markets 1.594% 286 0.01 €375,000 British Telecommunications 338 0.01 3/7/2028 0.5% 23/6/2022 €300,000 BP Capital Markets 1.876% 284 0.01 €325,000 British Telecommunications 292 0.01 7/4/2024 0.5% 12/9/2025 €100,000 BP Capital Markets 1.953% 96 0.00 €400,000 British Telecommunications 367 0.01 3/3/2025 1% 23/6/2024 €500,000 BP Capital Markets 2.177% 457 0.02 €425,000 British Telecommunications 390 0.01 28/9/2021 1.125% 10/3/2023 €400,000 BP Capital Markets 2.213% 399 0.01 €400,000 British Telecommunications 365 0.01 25/9/2026 1.125% 12/9/2029 €650,000 BP Capital Markets 2.519% 657 0.02 €425,000 British Telecommunications 401 0.01 7/4/2028 1.5% 23/6/2027 €500,000 BP Capital Markets 2.822% 534 0.02 €225,000 British Telecommunications 215 0.01 7/4/2032 1.75% 10/3/2026 €775,000 BP Capital Markets 3.25% 715 0.02 €125,000 Brown-Forman 1.2% 115 0.00 Perpetual 22/6/2169 7/7/2026 €775,000 BP Capital Markets 3.625% 726 0.02 €100,000 Brussels Airport NV/SA 1% 89 0.00 Perpetual 22/6/2169 3/5/2024 €400,000 BPCE 0.125% 4/12/2024 358 0.01 €375,000 Bunge Finance Europe 341 0.01 €400,000 BPCE 0.25% 15/1/2026 358 0.01 1.85% 16/6/2023 €500,000 BPCE 0.375% 5/10/2023 452 0.02 €100,000 CA Immobilien Anlagen 86 0.00 €300,000 BPCE 0.5% 24/2/2027 267 0.01 0.875% 5/2/2027 € €800,000 BPCE 0.625% 26/9/2023 729 0.02 500,000 Cadent Finance 0.625% 454 0.02 22/9/2024 €500,000 BPCE 0.625% 26/9/2024 452 0.02 €300,000 Caisse Nationale de 290 0.01 €300,000 BPCE 0.625% 15/1/2030 274 0.01 Reassurance €800,000 BPCE 0.875% 31/1/2024 729 0.02 Mutuelle Agricole € 400,000 BPCE 1% 15/7/2024 371 0.01 Groupama 3.375% € 300,000 BPCE 1% 1/4/2025 275 0.01 24/9/2028 € 300,000 BPCE 1.125% 18/1/2023 274 0.01 €200,000 Caisse Nationale de 219 0.01 €300,000 BPCE 1.375% 23/3/2026 281 0.01 Reassurance €600,000 BPCE 1.625% 31/1/2028 578 0.02 Mutuelle Agricole €300,000 BPCE 2.75% 30/11/2027 281 0.01 Groupama 6% 23/1/2027 €100,000 BPCE 2.875% 22/4/2026 101 0.00 €300,000 Caisse Nationale de 305 0.01 €400,000 BPCE 3% 19/7/2024 399 0.01 Reassurance Mutuelle Agricole €300,000 BPCE 4.25% 6/2/2023 296 0.01 Groupama 6.375% €100,000 BPCE 4.625% 18/7/2023 100 0.00 Perpetual 28/5/2169 €250,000 Brambles Finance 1.5% 230 0.01 €200,000 CaixaBank 0.375% 3/2/2025 178 0.01 4/10/2027Ø €700,000 CaixaBank 0.75% 18/4/2023 635 0.02 €125,000 Brambles Finance 2.375% 119 0.00 12/6/2024

BlackRock Collective Investment Funds 202 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€200,000 CaixaBank 1.125% 183 0.01 €500,000 Carrefour 2.625% 509 0.02 17/5/2024 15/12/2027 €300,000 CaixaBank 1.125% 276 0.01 €200,000 Castellum 2.125% 187 0.01 27/3/2026 20/11/2023 €700,000 CaixaBank 1.375% 634 0.02 €100,000 Ceetrus 2.75% 26/11/2026 88 0.00 19/6/2026 €400,000 Celanese US 1.125% 358 0.01 €500,000 CaixaBank 1.75% 462 0.02 26/9/2023 24/10/2023 €275,000 Celanese US 2.125% 250 0.01 €200,000 CaixaBank 2.25% 17/4/2030 181 0.01 1/3/2027 €300,000 CaixaBank 2.375% 1/2/2024 282 0.01 €125,000 Cetin Finance 1.423% 113 0.00 €1,100,000 CaixaBank 2.75% 14/7/2028 1,011 0.03 6/12/2021 €500,000 Canadian Imperial Bank of 447 0.01 €100,000 Cheung Kong Infrastructure 89 0.00 Commerce 0.375% Finance BVI 1% 12/12/2024 3/5/2024 €100,000 Chorus 1.125% 18/10/2023 92 0.00 €400,000 Canadian Imperial Bank of 365 0.01 €400,000 Chubb INA 0.875% 366 0.01 Commerce 0.75% 15/6/2027 22/3/2023 €500,000 Chubb INA 0.875% 455 0.02 €100,000 Capgemini 0.625% 91 0.00 15/12/2029 23/6/2025 €150,000 Chubb INA 1.4% 15/6/2031 143 0.00 €100,000 Capgemini 1% 18/10/2024 92 0.00 €200,000 Chubb INA 1.55% 191 0.01 €100,000 Capgemini 1.125% 92 0.00 15/3/2028 23/6/2030 €225,000 Chubb INA 2.5% 15/3/2038 241 0.01 €100,000 Capgemini 1.25% 15/4/2022 91 0.00 €400,000 Cie de Saint-Gobain 0.875% 366 0.01 €300,000 Capgemini 1.625% 286 0.01 21/9/2023 15/4/2026 €400,000 Cie de Saint-Gobain 1% 373 0.01 €100,000 Capgemini 1.75% 18/4/2028 97 0.00 17/3/2025 €300,000 Capgemini 2% 15/4/2029 297 0.01 €400,000 Cie de Saint-Gobain 1.125% 374 0.01 €500,000 Capgemini 2.375% 513 0.02 23/3/2026 15/4/2032 €200,000 Cie de Saint-Gobain 1.875% 196 0.01 €400,000 Capgemini 2.5% 1/7/2023 380 0.01 21/9/2028 €400,000 Capital One Financial 0.8% 357 0.01 €200,000 Cie de Saint-Gobain 1.875% 197 0.01 12/6/2024 15/3/2031 €200,000 Capital One Financial 1.65% 181 0.01 €900,000 Cie de Saint-Gobain 2.375% 903 0.03 12/6/2029 4/10/2027 €100,000 Cargill 2.5% 15/2/2023 95 0.00 €250,000 Cie de Saint-Gobain 3.625% 236 0.01 €400,000 Carlsberg Breweries 0.5% 362 0.01 28/3/2022 6/9/2023 €200,000 Cie Financiere et Industrielle 182 0.01 €200,000 Carlsberg Breweries 183 0.01 des Autoroutes 0.375% 0.875% 1/7/2029 7/2/2025 € €500,000 Carlsberg Breweries 2.5% 484 0.02 400,000 Cie Financiere et Industrielle 377 0.01 28/5/2024 des Autoroutes 1% 19/5/2031 €100,000 Carmila 2.375% 18/9/2023 92 0.00 €300,000 Cie Financiere et Industrielle 286 0.01 €300,000 Carmila 2.375% 16/9/2024Ø 274 0.01 des Autoroutes 1.125% €450,000 Carrefour 0.75% 26/4/2024 412 0.01 13/10/2027 €100,000 Carrefour 0.875% 12/6/2023 91 0.00 €300,000 Cie Generale des 309 0.01 € 200,000 Carrefour 1% 17/5/2027 186 0.01 Etablissements Michelin € 100,000 Carrefour 1.25% 3/6/2025 94 0.00 1.75% 3/9/2030 € 100,000 Carrefour 1.75% 15/7/2022 92 0.00 €200,000 Cie Generale des 237 0.01 €200,000 Carrefour 1.75% 4/5/2026 193 0.01 Etablissements Michelin 2.5% 3/9/2038Ø

203 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€500,000 Citigroup 0.5% 8/10/2027 442 0.01 €175,000 Coca-Cola 1.1% 2/9/2036 165 0.01 €175,000 Citigroup 0.75% 26/10/2023 159 0.01 €400,000 Coca-Cola 1.125% 9/3/2027 380 0.01 €1,000,000 Citigroup 1.25% 6/7/2026 922 0.03 €600,000 Coca-Cola 1.25% 8/3/2031 587 0.02 €525,000 Citigroup 1.25% 10/4/2029 496 0.02 €300,000 Coca-Cola 1.625% 9/3/2035 305 0.01 €1,000,000 Citigroup 1.375% 910 0.03 €425,000 Coca-Cola 1.875% 423 0.01 27/10/2021 22/9/2026 €125,000 Citigroup 1.5% 24/7/2026 117 0.00 €500,000 Coca-Cola European 452 0.02 €225,000 Citigroup 1.5% 26/10/2028 217 0.01 Partners 0.75% 24/2/2022 €425,000 Citigroup 1.625% 21/3/2028 413 0.01 €300,000 Coca-Cola European 283 0.01 €500,000 Citigroup 1.75% 28/1/2025 476 0.02 Partners 1.125% 12/4/2029 € €300,000 Citigroup 2.125% 10/9/2026 295 0.01 500,000 Coca-Cola European 484 0.02 Partners 1.75% 27/3/2026 €300,000 Citigroup 2.375% 22/5/2024 290 0.01 €400,000 Coca-Cola European 396 0.01 €175,000 Citycon Treasury 1.25% 132 0.00 Partners 2.375% 7/5/2025 8/9/2026 €100,000 Coca-Cola European 97 0.00 €150,000 Citycon Treasury 2.375% 119 0.00 Partners 2.625% 6/11/2023 15/1/2027 €325,000 Coca-Cola HBC Finance 1% 304 0.01 €200,000 Citycon Treasury 2.5% 169 0.01 14/5/2027 1/10/2024 €275,000 Coca-Cola HBC Finance 270 0.01 €1,100,000 CK Hutchison Telecom 1,002 0.03 1.625% 14/5/2031 Finance 1.125% 17/10/2028 €100,000 Coca-Cola HBC Finance 97 0.00 €300,000 CK Hutchison Europe 276 0.01 1.875% 11/11/2024 Finance 18 1.25% € 13/4/2025 100,000 Coface 4.125% 27/3/2024 98 0.00 € €250,000 CK Hutchison Europe 245 0.01 200,000 Colgate-Palmolive 0.5% 184 0.01 Finance 18 2% 13/4/2030Ø 6/3/2026 € €554,000 CK Hutchison Finance 504 0.02 150,000 Colgate-Palmolive 0.875% 140 0.00 16 1.25% 6/4/2023 12/11/2039 € €243,000 CK Hutchison Finance 235 0.01 150,000 Comcast 0.25% 20/5/2027 134 0.00 16 2% 6/4/2028 €500,000 Comcast 0.75% 20/2/2032 449 0.02 €300,000 CK Hutchison Finance 16 II 271 0.01 €300,000 Comcast 1.25% 20/2/2040 266 0.01 0.875% 3/10/2024 €275,000 Commerzbank 0.375% 242 0.01 €275,000 CNH Industrial Finance 240 0.01 1/9/2027 Europe 1.625% 3/7/2029 €1,000,000 Commerzbank 0.5% 903 0.03 €475,000 CNH Industrial Finance 435 0.01 28/8/2023 Europe 1.875% 19/1/2026 €175,000 Commerzbank 0.5% 156 0.00 €500,000 CNP Assurances 1.875% 459 0.02 4/12/2026 20/10/2022 €600,000 Commerzbank 0.625% 545 0.02 €200,000 CNP Assurances 2% 178 0.01 28/8/2024 27/7/2050 €100,000 Commerzbank 0.875% 87 0.00 €200,000 CNP Assurances 2.75% 199 0.01 22/1/2027 5/2/2029 €450,000 Commerzbank 1% 4/3/2026 413 0.01 €100,000 CNP Assurances 4% 98 0.00 €500,000 Commerzbank 1.125% 452 0.02 Perpetual 18/11/2168 19/9/2025 €700,000 CNP Assurances 4.25% 712 0.02 €300,000 Commerzbank 1.25% 273 0.01 5/6/2045 23/10/2023 €450,000 Coca-Cola 0.125% 404 0.01 €500,000 Commerzbank 1.875% 465 0.02 22/9/2022 28/2/2028 €275,000 Coca-Cola 0.5% 8/3/2024 251 0.01 €300,000 Commonwealth Bank of 289 0.01 €250,000 Coca-Cola 0.75% 9/3/2023 228 0.01 Australia 1.125% 18/1/2028 €250,000 Coca-Cola 0.75% 22/9/2026 233 0.01

BlackRock Collective Investment Funds 204 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€300,000 Commonwealth Bank of 278 0.01 €200,000 Covivio Hotels SACA 170 0.01 Australia 1.936% 3/10/2029 1.875% 24/9/2025 €250,000 Commonwealth Bank of 228 0.01 €125,000 CPI Property 1.45% 111 0.00 Australia 2% 22/4/2027 14/4/2022 €175,000 Compass 1.875% 27/1/2023 163 0.01 €200,000 CPI Property 1.625% 172 0.01 €200,000 Compass Finance 194 0.01 23/4/2027 Netherlands 1.5% 5/9/2028 €150,000 CPI Property 2.125% 136 0.00 €325,000 Compass International 296 0.01 4/10/2024 0.625% 3/7/2024 €500,000 CPI Property 2.75% 459 0.02 €500,000 Conti-Gummi Finance 454 0.02 12/5/2026 1.125% 25/9/2024 €400,000 Credit Agricole 0.375% 358 0.01 €500,000 Conti-Gummi Finance 468 0.02 21/10/2025 2.125% 27/11/2023 €500,000 Credit Agricole 0.875% 452 0.02 €75,000 Continental 0% 12/9/2023 66 0.00 14/1/2032 €375,000 Continental 2.5% 27/8/2026 362 0.01 €900,000 Credit Agricole 1% 824 0.03 €400,000 Cooperatieve Rabobank UA 359 0.01 22/4/2026 0.125% 11/10/2021 €300,000 Credit Agricole 1.625% 276 0.01 €500,000 Cooperatieve Rabobank UA 447 0.01 5/6/2030 0.25% 30/10/2026 €500,000 Credit Agricole 2% 481 0.02 €500,000 Cooperatieve Rabobank UA 454 0.02 25/3/2029 0.5% 6/12/2022 €625,000 Credit Agricole 2.625% 621 0.02 €400,000 Cooperatieve Rabobank UA 364 0.01 17/3/2027 0.625% 27/2/2024 €300,000 Credit Agricole Assurances 273 0.01 €800,000 Cooperatieve Rabobank UA 729 0.02 2% 17/7/2030 0.75% 29/8/2023 €600,000 Credit Agricole Assurances 562 0.02 €400,000 Cooperatieve Rabobank UA 368 0.01 2.625% 29/1/2048 0.875% 5/5/2028 €700,000 Credit Agricole Assurances 688 0.02 €400,000 Cooperatieve Rabobank UA 381 0.01 4.25% Perpetual 13/1/2169 1.125% 7/5/2031 €300,000 Credit Agricole Assurances 325 0.01 €525,000 Cooperatieve Rabobank UA 501 0.02 4.75% 27/9/2048 1.25% 23/3/2026 €300,000 Credit Agricole SA/London 270 0.01 €500,000 Cooperatieve Rabobank UA 488 0.02 0.5% 24/6/2024 1.375% 3/2/2027 €700,000 Credit Agricole SA/London 639 0.02 €500,000 Cooperatieve Rabobank UA 493 0.02 0.75% 1/12/2022 3.875% 25/7/2023 €200,000 Credit Agricole SA/London 181 0.01 €600,000 Cooperatieve Rabobank UA 567 0.02 0.875% 19/1/2022 4% 11/1/2022 €400,000 Credit Agricole SA/London 373 0.01 €300,000 Cooperatieve Rabobank UA 290 0.01 1% 16/9/2024 4.125% 14/9/2022 €200,000 Credit Agricole SA/London 191 0.01 €500,000 Cooperatieve Rabobank UA 538 0.02 1% 3/7/2029 4.125% 14/7/2025 €200,000 Credit Agricole SA/London 191 0.01 €600,000 Cooperatieve Rabobank UA 583 0.02 1.25% 14/4/2026 4.75% 6/6/2022 €400,000 Credit Agricole SA/London 374 0.01 €175,000 Covestro 1% 7/10/2021 158 0.00 1.375% 13/3/2025 € €125,000 Covestro 1.75% 25/9/2024 118 0.00 500,000 Credit Agricole SA/London 483 0.02 1.375% 3/5/2027 €500,000 Covivio 1.125% 17/9/2031 425 0.01 €400,000 Credit Agricole SA/London 391 0.01 €300,000 Covivio 1.625% 17/10/2024 273 0.01 1.75% 5/3/2029 €100,000 Covivio 1.625% 23/6/2030 90 0.00 €300,000 Credit Agricole SA/London 291 0.01 €100,000 Covivio 1.875% 20/5/2026 93 0.00 1.875% 20/12/2026

205 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€1,000,000 Credit Agricole SA/London 974 0.03 €300,000 Daimler 0.375% 8/11/2026 262 0.01 2.375% 20/5/2024 €300,000 Daimler 0.75% 11/5/2023 272 0.01 €200,000 Credit Agricole SA/London 196 0.01 €250,000 Daimler 0.75% 8/2/2030 216 0.01 3.125% 17/7/2023 €175,000 Daimler 1% 15/11/2027 158 0.00 € 100,000 Credit Logement 1.35% 90 0.00 €500,000 Daimler 1.125% 6/11/2031 444 0.01 28/11/2029 €300,000 Daimler 1.125% 8/8/2034 263 0.01 €200,000 Credit Mutuel Arkea 0.375% 178 0.01 €500,000 Daimler 1.4% 12/1/2024 461 0.02 3/10/2028 €300,000 Daimler 1.5% 9/3/2026 280 0.01 €500,000 Credit Mutuel Arkea 1% 457 0.02 €725,000 Daimler 1.5% 3/7/2029 686 0.02 26/1/2023Ø €925,000 Daimler 1.625% 22/8/2023Ø 857 0.03 €500,000 Credit Mutuel Arkea 1.25% 461 0.02 € 31/5/2024 775,000 Daimler 2% 22/8/2026 743 0.03 € €300,000 Credit Mutuel Arkea 1.625% 284 0.01 300,000 Daimler 2% 27/2/2031 291 0.01 € 15/4/2026 500,000 Daimler 2.25% 24/1/2022 461 0.02 € €500,000 Credit Mutuel Arkea 3.25% 501 0.02 100,000 Daimler 2.375% 22/5/2030 99 0.00 1/6/2026 €1,000,000 Daimler 2.625% 7/4/2025 973 0.03 €300,000 Credit Mutuel Arkea 3.375% 305 0.01 €300,000 Daimler International 269 0.01 11/3/2031 Finance 0.2% 13/9/2021 €200,000 Credit Mutuel Arkea 3.5% 207 0.01 €500,000 Daimler International 444 0.01 9/2/2029 Finance 0.25% 6/11/2023 €400,000 Credit Suisse 0.65% 356 0.01 €600,000 Daimler International 542 0.02 14/1/2028 Finance 0.625% 27/2/2023 €300,000 Credit Suisse 0.65% 267 0.01 €500,000 Daimler International 438 0.01 10/9/2029 Finance 0.625% 6/5/2027 €850,000 Credit Suisse 1% 24/6/2027 774 0.03 €1,100,000 Daimler International 993 0.03 €400,000 Credit Suisse 1.25% 368 0.01 Finance 0.875% 9/4/2024 17/7/2025 €400,000 Daimler International 363 0.01 €500,000 Credit Suisse 3.25% 500 0.02 Finance 1% 11/11/2025 2/4/2026 €300,000 Daimler International 277 0.01 €1,000,000 Credit Suisse Funding 911 0.03 Finance 1.375% 26/6/2026 Guernsey 1.25% 14/4/2022 €100,000 Daimler International 93 0.00 €125,000 Credit Suisse AG/London 114 0.00 Finance 1.5% 9/2/2027 0.45% 19/5/2025 €500,000 Danaher 1.7% 30/3/2024 471 0.02 €1,000,000 Credit Suisse AG/London 921 0.03 €300,000 Danaher 2.1% 30/9/2026 295 0.01 1% 7/6/2023 €300,000 Danaher 2.5% 30/3/2030 312 0.01 €100,000 Credit Suisse AG/London 91 0.00 €300,000 Danfoss 1.375% 23/2/2022 272 0.01 1.375% 31/1/2022 €100,000 Danica Pension 99 0.00 €400,000 CRH Finance DAC 3.125% 385 0.01 Livsforsikrings 4.375% 3/4/2023 29/9/2045 €350,000 CRH Finance Germany 316 0.01 €100,000 Danone 0.395% 10/6/2029 91 0.00 1.75% 16/7/2021 €500,000 Danone 0.424% 3/11/2022 451 0.02 €325,000 CRH Funding 1.625% 312 0.01 €100,000 Danone 0.571% 17/3/2027 92 0.00 5/5/2030 €500,000 Danone 0.709% 3/11/2024 461 0.02 € 100,000 CRH Funding 1.875% 94 0.00 €100,000 Danone 1.125% 14/1/2025 94 0.00 9/1/2024 €500,000 Danone 1.208% 3/11/2028 488 0.02 €200,000 Criteria Caixa 1.5% 184 0.01 €500,000 Danone 1.25% 30/5/2024 469 0.02 10/5/2023 €200,000 Danone 1.75% Perpetual 180 0.01 €200,000 Criteria Caixa 1.625% 183 0.01 23/6/2169 21/4/2022 €300,000 Danone 2.25% 15/11/2021 274 0.01 €200,000 CyrusOne LP / CyrusOne 176 0.01 €100,000 Danone 2.6% 28/6/2023 96 0.00 Finance 1.45% 22/1/2027

BlackRock Collective Investment Funds 206 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€100,000 Danske Bank 0.5% 6/5/2021 90 0.00 €100,000 Deutsche Boerse 1.25% 89 0.00 €375,000 Danske Bank 0.5% 333 0.01 16/6/2047 27/8/2025 €500,000 Deutsche Pfandbriefbank 445 0.01 €500,000 Danske Bank 0.625% 454 0.02 0.625% 23/2/2022 26/5/2025 €150,000 Deutsche Post 0.375% 135 0.00 €600,000 Danske Bank 0.875% 541 0.02 20/5/2026 22/5/2023 €200,000 Deutsche Post 0.75% 184 0.01 €100,000 Danske Bank 1.375% 90 0.00 20/5/2029 24/5/2023 €200,000 Deutsche Post 1% 187 0.01 €275,000 Danske Bank 1.375% 244 0.01 13/12/2027 12/2/2030 €250,000 Deutsche Post 1% 232 0.01 €275,000 Danske Bank 1.5% 2/9/2030 245 0.01 20/5/2032 €400,000 Danske Bank 1.625% 370 0.01 €200,000 Deutsche Post 1.25% 189 0.01 15/3/2024 1/4/2026 €200,000 Danske Bank 2.5% 187 0.01 €250,000 Deutsche Post 1.625% 245 0.01 21/6/2029 5/12/2028 €400,000 Dassault Systemes 0% 357 0.01 €250,000 Deutsche Post 2.875% 251 0.01 16/9/2022 11/12/2024 €200,000 Dassault Systemes 0% 178 0.01 €300,000 Deutsche Post Finance 284 0.01 16/9/2024 2.95% 27/6/2022 €200,000 Dassault Systemes 0.125% 178 0.01 €1,000,000 Deutsche Telekom 0.5% 909 0.03 16/9/2026 5/7/2027 €400,000 Dassault Systemes 0.375% 357 0.01 €150,000 Deutsche Telekom 0.875% 139 0.00 16/9/2029 25/3/2026 €300,000 DBS 1.5% 11/4/2028 273 0.01 €300,000 Deutsche Telekom 1.375% 283 0.01 €200,000 de Volksbank 0.75% 182 0.01 5/7/2034 25/6/2023 €175,000 Deutsche Telekom 1.75% 162 0.01 €200,000 de Volksbank 1.75% 183 0.01 9/12/2049 22/10/2030 €300,000 Deutsche Telekom 2.25% 313 0.01 €350,000 Dell Bank International DAC 311 0.01 29/3/2039 0.625% 17/10/2022 €500,000 Deutsche Telekom 449 0.02 €600,000 Dell Bank International DAC 544 0.02 International Finance 1.625% 24/6/2024 0.375% 30/10/2021 € €800,000 Deutsche Bank 1.125% 737 0.02 775,000 Deutsche Telekom 703 0.02 30/8/2023 International Finance 0.625% 1/12/2022 €300,000 Deutsche Bank 1.125% 269 0.01 € 17/3/2025Ø 1,000,000 Deutsche Telekom 916 0.03 International Finance €1,100,000 Deutsche Bank 1.375% 978 0.03 0.625% 13/12/2024 3/9/2026 €400,000 Deutsche Telekom 368 0.01 €400,000 Deutsche Bank 1.5% 361 0.01 International Finance 20/1/2022 0.875% 30/1/2024 €500,000 Deutsche Bank 1.625% 448 0.02 €500,000 Deutsche Telekom 471 0.02 20/1/2027 International Finance €400,000 Deutsche Bank 1.75% 359 0.01 1.125% 22/5/2026 17/1/2028 €600,000 Deutsche Telekom 572 0.02 €400,000 Deutsche Bank 1.875% 363 0.01 International Finance 14/2/2022 1.375% 1/12/2025 €300,000 Deutsche Bank 2.625% 284 0.01 €175,000 Deutsche Telekom 169 0.01 12/2/2026 International Finance 1.5% € 450,000 Deutsche Boerse 1.125% 432 0.01 3/4/2028 26/3/2028

207 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€175,000 Deutsche Telekom 177 0.01 €200,000 d’Infrastructures de 186 0.01 International Finance 2% Transport SASU 2.25% 1/12/2029 24/3/2025Ø €200,000 Deutsche Telekom 216 0.01 €200,000 d’Infrastructures de 188 0.01 International Finance 3.25% Transpor t SASU 2.5% 17/1/2028 4/5/2027 €150,000 Deutsche Telekom 184 0.01 €350,000 d’Infrastructures de 328 0.01 International Finance 4.5% Transport SASU 4.875% 28/10/2030 27/10/2021 €100,000 Deutsche Wohnen 1% 92 0.00 €100,000 Discovery Communications 93 0.00 30/4/2025 1.9% 19/3/2027 €400,000 Deutsche Wohnen 1.5% 382 0.01 €125,000 Discovery Communications 115 0.00 30/4/2030 2.375% 7/3/2022Ø €275,000 DH Europe Finance II Sarl 244 0.01 €600,000 DNB Bank 0.05% 538 0.02 0.2% 18/3/2026 14/11/2023 €525,000 DH Europe Finance II Sarl 464 0.02 €700,000 DNB Bank 0.25% 9/4/2024 632 0.02 0.45% 18/3/2028 €400,000 DNB Bank 1.125% 1/3/2023 369 0.01 €500,000 DH Europe Finance II Sarl 442 0.01 €225,000 DNB Bank 1.25% 1/3/2027 204 0.01 0.75% 18/9/2031 €100,000 DNB Bank 4.25% 18/1/2022 95 0.00 € 375,000 DH Europe Finance II Sarl 331 0.01 €100,000 Dover 0.75% 4/11/2027 89 0.00 1.35% 18/9/2039 €100,000 Dover 1.25% 9/11/2026 93 0.00 €275,000 DH Europe Finance II Sarl 248 0.01 €425,000 Dow Chemical 0.5% 363 0.01 1.8% 18/9/2049 15/3/2027 €225,000 DH Europe Finance Sarl 211 0.01 €400,000 Dow Chemical 1.125% 334 0.01 1.2% 30/6/2027 15/3/2032 €175,000 DH Europe Finance Sarl 160 0.01 €100,000 Dow Chemical 1.875% 84 0.00 1.7% 4/1/2022 15/3/2040 €200,000 DH Europe Finance Sarl 198 0.01 €150,000 DS Smith 0.875% 12/9/2026 132 0.00 2.5% 8/7/2025 €500,000 DS Smith 2.25% 16/9/2022 460 0.02 €400,000 Diageo Finance 0.125% 360 0.01 €200,000 DSV Panalpina 0.375% 176 0.01 12/10/2023 26/2/2027 €500,000 Diageo Finance 0.5% 457 0.02 €300,000 DVB Bank 0.875% 269 0.01 19/6/2024 9/4/2021Ø €300,000 Diageo Finance 1.5% 293 0.01 €300,000 DVB Bank 1% 25/4/2022 269 0.01 22/10/2027 €275,000 DXC Technology 1.75% 246 0.01 €400,000 Diageo Finance 1.75% 383 0.01 15/1/2026 23/9/2024 €875,000 E.ON 0% 24/10/2022 782 0.03 €500,000 Diageo Finance 2.5% 541 0.02 € 27/3/2032 150,000 E.ON 0% 18/12/2023 134 0.00 € €300,000 Digital Dutch Finco 1.5% 278 0.01 400,000 E.ON 0% 28/8/2024 357 0.01 € 15/3/2030 275,000 E.ON 0.25% 24/10/2026 247 0.01 € €775,000 Digital Euro Finco 1.125% 705 0.02 175,000 E.ON 0.375% 29/9/2027 158 0.00 9/4/2028 €300,000 E.ON 0.625% 7/11/2031 268 0.01 €400,000 Digital Euro Finco 2.625% 387 0.01 €300,000 E.ON 0.75% 18/12/2030 274 0.01 15/4/2024 €250,000 E.ON 0.875% 20/8/2031 230 0.01 €100,000 d’Infrastructures de 88 0.00 €600,000 E.ON 1% 7/10/2025 559 0.02 Transport SASU 0.625% €300,000 E.ON 1.625% 22/5/2029 295 0.01 27/3/2023 €100,000 Eastman Chemical 1.5% 91 0.00 €200,000 d’Infrastructures de 177 0.01 26/5/2023 Transport SASU 1.625% €350,000 Eastman Chemical 1.875% 322 0.01 27/11/2027 23/11/2026

BlackRock Collective Investment Funds 208 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€300,000 easyJet 0.875% 11/6/2025 224 0.01 €200,000 Enagas Financiaciones 186 0.01 €100,000 easyJet 1.75% 9/2/2023 79 0.00 2.5% 11/4/2022 €300,000 Eaton Capital Unlimited 272 0.01 €500,000 Enel 2.5% 24/11/2078 456 0.02 0.697% 14/5/2025 €250,000 Enel 3.375% 24/11/2081 237 0.01 €150,000 Eaton Capital Unlimited 136 0.00 €575,000 Enel 3.5% 24/5/2080 546 0.02 0.75% 20/9/2024 €150,000 Enel 5.25% 20/5/2024 160 0.01 €125,000 Ecolab 1% 15/1/2024 115 0.00 €300,000 Enel 5.625% 21/6/2027 363 0.01 €100,000 Ecolab 2.625% 8/7/2025 100 0.00 €400,000 Enel Finance International 356 0.01 €200,000 Edenred 1.875% 6/3/2026 191 0.01 0% 17/6/2024 €300,000 Edenred 1.875% 30/3/2027 289 0.01 €325,000 Enel Finance International 289 0.01 €300,000 EDP - Energias de Portugal 288 0.01 0.375% 17/6/2027 1.625% 15/4/2027 €425,000 Enel Finance International 394 0.01 €250,000 EDP Finance 1.5% 238 0.01 1% 16/9/2024 22/11/2027 €350,000 Enel Finance International 331 0.01 €375,000 EDP Finance 1.625% 358 0.01 1.125% 16/9/2026 26/1/2026 €300,000 Enel Finance International 274 0.01 €175,000 EDP Finance 2% 22/4/2025 169 0.01 1.125% 17/10/2034 €300,000 EDP Finance 2.375% 284 0.01 €303,000 Enel Finance International 289 0.01 23/3/2023 1.375% 1/6/2026 €500,000 EDP Finance 2.625% 463 0.02 €300,000 Enel Finance International 285 0.01 18/1/2022 1.5% 21/7/2025 €100,000 Elenia Finance 0.375% 89 0.00 €376,000 Enel Finance International 364 0.01 6/2/2027 1.966% 27/1/2025 €175,000 Eli Lilly and 0.625% 161 0.01 €400,000 Enel Finance International 405 0.01 1/11/2031 4.875% 17/4/2023 €375,000 Eli Lilly and 1.7% 1/11/2049 361 0.01 €150,000 Enel Finance International 148 0.00 €250,000 Eli Lilly and 2.125% 263 0.01 5% 14/9/2022 3/6/2030 €500,000 Engie 0% 4/3/2027 442 0.01 €200,000 Elia 1.5% 5/9/2028 193 0.01 €500,000 Engie 0.375% 21/6/2027 452 0.02 €200,000 Elia 2.75% Perpetual 186 0.01 €200,000 Engie 0.5% 13/3/2022 180 0.01 5/12/2168 €200,000 Engie 0.875% 27/3/2024 184 0.01 €500,000 Elia Transmission Belgium 461 0.02 €100,000 Engie 1% 13/3/2026 94 0.00 0.875% 28/4/2030 €300,000 Engie 1.25% 24/10/2041 271 0.01 €300,000 Elia Transmission Belgium 280 0.01 €500,000 Engie 1.375% 27/3/2025 473 0.02 1.375% 27/5/2024 €400,000 Engie 1.375% 22/6/2028 385 0.01 € 100,000 Elia Transmission Belgium 109 0.00 €400,000 Engie 1.375% 28/2/2029 386 0.01 3.25% 4/4/2028 €300,000 Engie 1.375% 21/6/2039 281 0.01 €175,000 Elisa 1.125% 26/2/2026 163 0.01 €300,000 Engie 1.375% Perpetual 267 0.01 € 300,000 ELM for Helvetia 294 0.01 16/4/2169 Schweizerische €200,000 Engie 1.5% 13/3/2035 193 0.01 Versicherungsgesellschaft €400,000 Engie 1.625% Perpetual 357 0.01 3.375% 29/9/2047 8/7/2169 €300,000 ELM for Swiss Reinsurance 285 0.01 €500,000 Engie 1.75% 27/3/2028 494 0.02 2.6% Perpetual 1/9/2169 €400,000 Engie 1.875% 19/9/2033 409 0.01 €250,000 Emerson Electric 2% 251 0.01 € 15/10/2029 200,000 Engie 2% 28/9/2037 204 0.01 € €300,000 Enagas Financiaciones 278 0.01 500,000 Engie 2.125% 30/3/2032 520 0.02 € 0.75% 27/10/2026 200,000 Engie 2.375% 19/5/2026 202 0.01 € €500,000 Enagas Financiaciones 472 0.02 400,000 Engie 2.625% 20/7/2022 375 0.01 1.25% 6/2/2025 €200,000 Engie 3.25% Perpetual 192 0.01 28/2/2169

209 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€250,000 Engie 3.5% 18/10/2022 239 0.01 €200,000 Euroclear Investments 193 0.01 €300,000 Engie 3.875% Perpetual 291 0.01 2.625% 11/4/2048 2/6/2169 €500,000 Eurogrid 1.113% 15/5/2032 473 0.02 €40,000 Engie 5.95% 16/3/2111 74 0.00 €200,000 Eurogrid 1.625% 3/11/2023 187 0.01 €150,000 Engie Alliance GIE 5.75% 156 0.00 €300,000 Eurogrid 1.875% 10/6/2025 290 0.01 24/6/2023 €375,000 Euronet Worldwide 1.375% 327 0.01 €500,000 Eni 0.625% 23/1/2030Ø 444 0.01 22/5/2026 €800,000 Eni 1% 14/3/2025 739 0.03 €150,000 Euronext 1% 18/4/2025 138 0.00 €275,000 Eni 1% 11/10/2034 249 0.01 €100,000 Euronext 1.125% 12/6/2029 95 0.00 €400,000 Eni 1.125% 19/9/2028 375 0.01 €400,000 Eutelsat 2% 2/10/2025 374 0.01 €275,000 Eni 1.25% 18/5/2026 258 0.01 €200,000 Eutelsat 2.25% 13/7/2027 186 0.01 €300,000 Eni 1.5% 2/2/2026 284 0.01 €150,000 Evonik Finance 0% 8/3/2021 134 0.00 €350,000 Eni 1.5% 17/1/2027 334 0.01 €150,000 Evonik Finance 0.375% 136 0.00 €175,000 Eni 1.625% 17/5/2028 169 0.01 7/9/2024 €500,000 Eni 1.75% 18/1/2024 472 0.02 €175,000 Evonik Finance 0.75% 161 0.01 €350,000 Eni 2% 18/5/2031 351 0.01 7/9/2028 € €400,000 Eni 3.75% 12/9/2025 420 0.01 500,000 Evonik Industries 0.625% 455 0.02 18/9/2025 €200,000 EP Infrastructure 1.698% 179 0.01 € 30/7/2026 175,000 Evonik Industries 1% 160 0.01 23/1/2023 €300,000 EP Infrastructure 2.045% 267 0.01 € 9/10/2028Ø 100,000 Evonik Industries 2.125% 91 0.00 7/7/2077 €500,000 Equinix 2.875% 1/10/2025 454 0.02 €200,000 EXOR 1.75% 14/10/2034 168 0.01 €400,000 Erste Bank 0.375% 361 0.01 € 16/4/2024 500,000 EXOR 2.25% 29/4/2030 459 0.02 € €200,000 Erste Bank 0.875% 184 0.01 125,000 EXOR 2.5% 8/10/2024 119 0.00 22/5/2026 €225,000 Expedia 2.5% 3/6/2022 203 0.01 €500,000 Erste Bank 1% 10/6/2030 431 0.01 €825,000 Exxon Mobil 0.142% 739 0.03 €700,000 EssilorLuxottica 0% 626 0.02 26/6/2024 27/5/2023 €300,000 Exxon Mobil 0.524% 269 0.01 €900,000 EssilorLuxottica 0.125% 808 0.03 26/6/2028 27/5/2025 €350,000 Exxon Mobil 0.835% 310 0.01 €600,000 EssilorLuxottica 0.25% 540 0.02 26/6/2032 5/1/2024 €350,000 Exxon Mobil 1.408% 309 0.01 €300,000 EssilorLuxottica 0.375% 271 0.01 26/6/2039 27/11/2027 €500,000 Fairfax Financial 2.75% 461 0.02 €400,000 EssilorLuxottica 0.5% 363 0.01 29/3/2028 5/6/2028 €225,000 Fastighets Balder 1.125% 203 0.01 €300,000 EssilorLuxottica 0.75% 275 0.01 14/3/2022 27/11/2031 €225,000 Fastighets Balder 1.125% 191 0.01 €200,000 EssilorLuxottica 2.625% 195 0.01 29/1/2027 10/2/2024 €100,000 Fastighets Balder 1.25% 84 0.00 €350,000 Essity 0.5% 3/2/2030 310 0.01 28/1/2028 € €175,000 Essity 0.625% 28/3/2022 158 0.00 325,000 Fastighets Balder 1.875% 295 0.01 14/3/2025 €150,000 Essity 1.125% 5/3/2025 140 0.00 €250,000 FCA Bank SpA/Ireland 221 0.01 €125,000 Essity 1.625% 30/3/2027 120 0.00 0.25% 28/2/2023 €250,000 Euroclear Bank 0.5% 228 0.01 €500,000 FCA Bank SpA/Ireland 0.5% 440 0.01 10/7/2023 13/9/2024 €100,000 Euroclear Investments 95 0.00 €125,000 FCA Bank SpA/Ireland 112 0.00 1.125% 7/12/2026 0.625% 24/11/2022

BlackRock Collective Investment Funds 210 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€700,000 FCA Bank SpA/Ireland 634 0.02 €500,000 Fresenius & 1.625% 471 0.02 1.25% 21/6/2022 8/10/2027 €425,000 FCC Aqualia 2.629% 412 0.01 €100,000 Fresenius & 1.875% 94 0.00 8/6/2027 15/2/2025 €600,000 FCC Servicios Medio 538 0.02 €175,000 Fresenius & 2.875% 180 0.01 Ambiente SAU 0.815% 15/2/2029 4/12/2023 €300,000 Fresenius & 4% 1/2/2024 301 0.01 €100,000 FCC Servicios Medio 91 0.00 €225,000 Fresenius Finance Ireland 202 0.01 Ambiente SAU 1.661% 0.875% 31/1/2022 4/12/2026 €300,000 Fresenius Finance Ireland 322 0.01 €500,000 FedEx 0.7% 13/5/2022 451 0.02 3% 30/1/2032Ø €100,000 FedEx 1% 11/1/2023 91 0.00 €200,000 Fresenius Medical Care & 179 0.01 €225,000 FedEx 1.3% 5/8/2031 201 0.01 0.25% 29/11/2023 €425,000 FedEx 1.625% 11/1/2027 402 0.01 €150,000 Fresenius Medical Care & 134 0.00 €300,000 Ferrovial Emisiones 0.375% 269 0.01 0.625% 30/11/2026 14/9/2022 €400,000 Fresenius Medical Care & 366 0.01 €500,000 Ferrovial Emisiones 1.382% 461 0.02 1% 29/5/2026 14/5/2026 €200,000 Fresenius Medical Care & 185 0.01 €500,000 Fidelity National Information 448 0.02 1.25% 29/11/2029 Services 0.125% 3/12/2022 €125,000 Fresenius Medical Care & 118 0.00 €350,000 Fidelity National Information 317 0.01 1.5% 11/7/2025 Services 0.625% 3/12/2025 €100,000 Fresenius Medical Care & 93 0.00 €100,000 Fidelity National Information 91 0.00 1.5% 29/5/2030 Services 0.75% 21/5/2023 €225,000 G4S International Finance 204 0.01 €250,000 Fidelity National Information 227 0.01 1.5% 9/1/2023 Services 1% 3/12/2028 €175,000 G4S International Finance 159 0.01 €500,000 Fidelity National Information 463 0.02 1.5% 2/6/2024 Services 1.1% 15/7/2024 €250,000 G4S International Finance 229 0.01 Ø €275,000 Fidelity National Information 261 0.01 1.875% 24/5/2025 Services 1.5% 21/5/2027 €300,000 Galp Gas Natural 273 0.01 €300,000 Fidelity National Information 296 0.01 Distribuicao 1.375% Services 2% 21/5/2030 19/9/2023 €150,000 Fidelity National Information 159 0.01 €500,000 GE Capital European 472 0.02 Services 2.95% 21/5/2039 Funding Unlimited 2.625% €500,000 Firmenich Productions 465 0.02 15/3/2023 Participations SAS 1.375% €200,000 GE Capital European 237 0.01 30/10/2026 Funding Unlimited 6.025% €250,000 Firmenich Productions 237 0.01 1/3/2038 Participations SAS 1.75% €500,000 Gecina 1.375% 26/1/2028 473 0.02 30/4/2030 €100,000 Gecina 1.5% 20/1/2025 94 0.00 €100,000 Fiserv 0.375% 1/7/2023 90 0.00 €100,000 Gecina 1.625% 29/5/2034 94 0.00 €100,000 Fiserv 1.125% 1/7/2027 92 0.00 €200,000 Gecina 2% 30/6/2032 199 0.01 €150,000 Fiserv 1.625% 1/7/2030 141 0.00 €225,000 GELF Bond Issuer I 1.625% 209 0.01 €300,000 Flowserve 1.25% 17/3/2022 262 0.01 20/10/2026 €300,000 Fomento Economico 278 0.01 €275,000 General Electric 0.375% 246 0.01 Mexicano 1.75% 20/3/2023 17/5/2022 €225,000 Fonterra Co-operative 201 0.01 €300,000 General Electric 0.875% 265 0.01 0.75% 8/11/2024 17/5/2025 €250,000 Fresenius & 0.75% 222 0.01 €150,000 General Electric 1.25% 137 0.00 15/1/2028 26/5/2023

211 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€1,000,000 General Electric 1.5% 861 0.03 €550,000 Goldman Sachs 0.875% 494 0.02 17/5/2029 21/1/2030 €300,000 General Electric 1.875% 270 0.01 €825,000 Goldman Sachs 1.25% 758 0.03 28/5/2027 1/5/2025Ø €275,000 General Electric 2.125% 232 0.01 €500,000 Goldman Sachs 1.375% 458 0.02 17/5/2037 26/7/2022 €250,000 General Electric 4.125% 259 0.01 €700,000 Goldman Sachs 1.375% 642 0.02 19/9/2035 15/5/2024 €176,000 General Mills 0.45% 158 0.00 €500,000 Goldman Sachs 1.625% 474 0.02 15/1/2026 27/7/2026 €150,000 General Mills 1% 27/4/2023 137 0.00 €100,000 Goldman Sachs 2% 94 0.00 €200,000 General Mills 1.5% 188 0.01 27/7/2023 27/4/2027Ø €400,000 Goldman Sachs 2% 392 0.01 €500,000 General Motors Financial 441 0.01 22/3/2028 0.2% 2/9/2022 €150,000 Goldman Sachs 2% 148 0.00 €600,000 General Motors Financial 510 0.02 1/11/2028 0.85% 26/2/2026 €500,000 Goldman Sachs 2.5% 460 0.02 €250,000 General Motors Financial 222 0.01 18/10/2021 0.955% 7/9/2023 €500,000 Goldman Sachs 2.875% 505 0.02 €275,000 General Motors Financial 252 0.01 3/6/2026 2.2% 1/4/2024 €150,000 Goldman Sachs 3% 163 0.01 €500,000 Givaudan Finance Europe 466 0.02 12/2/2031 1% 22/4/2027 €250,000 Goldman Sachs 3.25% 240 0.01 €100,000 Givaudan Finance Europe 97 0.00 1/2/2023 1.625% 22/4/2032 €1,300,000 Goldman Sachs 3.375% 1,311 0.04 €300,000 GlaxoSmithKline Capital 0% 269 0.01 27/3/2025 23/9/2023 €300,000 Grand City Properties 279 0.01 €500,000 GlaxoSmithKline Capital 1% 471 0.02 1.375% 3/8/2026 12/9/2026 €200,000 Grand City Properties 1.5% 187 0.01 €400,000 GlaxoSmithKline Capital 381 0.01 17/4/2025 1.25% 21/5/2026 €200,000 Grand City Properties 1.5% 187 0.01 €500,000 GlaxoSmithKline Capital 474 0.02 22/2/2027 1.375% 2/12/2024 €200,000 Grand City Properties 1.7% 187 0.01 €500,000 GlaxoSmithKline Capital 493 0.02 9/4/2024 1.375% 12/9/2029 €500,000 Great-West Lifeco 2.5% 474 0.02 €400,000 Glencore Finance Europe 367 0.01 18/4/2023 1.5% 15/10/2026 €50,000 Grenke Finance 0.625% 44 0.00 €100,000 Glencore Finance Europe 90 0.00 9/1/2025 1.625% 18/1/2022 €175,000 Grenke Finance 1.625% 159 0.01 €300,000 Glencore Finance Europe 280 0.01 5/4/2024 1.75% 17/3/2025 €100,000 Hamburg Commercial Bank 89 0.00 €575,000 Glencore Finance Europe 532 0.02 0.5% 23/5/2022 1.875% 13/9/2023 €200,000 Hammerson 1.75% 163 0.01 Ø €375,000 Global Switch 1.5% 342 0.01 15/3/2023 31/1/2024 €100,000 Hammerson 2% 1/7/2022 84 0.00 €200,000 Globalworth Real Estate 178 0.01 €200,000 Hannover Finance 200 0.01 Investments 2.95% Luxembourg 5% 30/6/2043 29/7/2026 €400,000 Hannover Rueck 1.125% 348 0.01 €250,000 Globalworth Real Estate 224 0.01 9/10/2039 Investments 3% 29/3/2025 €200,000 Hannover Rueck 1.75% 180 0.01 8/10/2040

BlackRock Collective Investment Funds 212 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€100,000 Hannover Rueck 3.375% 100 0.00 €225,000 Hella & 0.5% 26/1/2027 194 0.01 Perpetual 26/6/2169 €100,000 Hella & 1% 17/5/2024 91 0.00 €400,000 Harley-Davidson Financial 349 0.01 €100,000 Hemso Fastighets 1% 90 0.00 Services 0.9% 19/11/2024 9/9/2026 €375,000 Harman Finance 340 0.01 €200,000 Hemso Fastighets 1.75% 187 0.01 International 2% 27/5/2022 19/6/2029 €300,000 Heathrow Funding 1.5% 266 0.01 €250,000 Henkel & 0% 13/9/2021 224 0.01 11/2/2030 €100,000 Hitachi Capital UK 0.125% 88 0.00 €100,000 Heathrow Funding 1.875% 91 0.00 29/11/2022 23/5/2024 €200,000 HOCHTIEF 0.5% 3/9/2027 177 0.01 € 300,000 Heathrow Funding 1.875% 270 0.01 €175,000 HOCHTIEF 1.75% 3/7/2025 165 0.01 12/7/2032 €125,000 Holcim Finance 111 0.00 € 150,000 Heathrow Funding 1.875% 134 0.00 Luxembourg 0.5% 14/3/2036 29/11/2026 € 175,000 HeidelbergCement 1.5% 162 0.01 €400,000 Holcim Finance 369 0.01 7/2/2025 Luxembourg 1.375% €250,000 HeidelbergCement 2.25% 237 0.01 26/5/2023 3/6/2024 €100,000 Holcim Finance 97 0.00 €500,000 HeidelbergCement Finance 446 0.01 Luxembourg 1.75% Luxembourg 0.5% 9/8/2022 29/8/2029 €100,000 HeidelbergCement Finance 90 0.00 €300,000 Holcim Finance 298 0.01 Luxembourg 1.125% Luxembourg 2.25% 1/12/2027 26/5/2028 €300,000 HeidelbergCement Finance 277 0.01 €500,000 Holcim Finance 484 0.02 Luxembourg 1.5% Luxembourg 2.375% 14/6/2027 9/4/2025 €275,000 HeidelbergCement Finance 255 0.01 €200,000 Holcim Finance 195 0.01 Luxembourg 1.625% Luxembourg 3% 22/1/2024 7/4/2026 €750,000 Honeywell International 0% 668 0.02 €275,000 HeidelbergCement Finance 256 0.01 10/3/2024 Luxembourg 1.75% €300,000 Honeywell International 267 0.01 24/4/2028 0.75% 10/3/2032 € 200,000 HeidelbergCement Finance 191 0.01 €300,000 Honeywell International 276 0.01 Luxembourg 2.5% 1.3% 22/2/2023 9/10/2024 €400,000 Honeywell International 407 0.01 € 100,000 Heimstaden Bostad 1.125% 88 0.00 2.25% 22/2/2028 21/1/2026 €625,000 HSBC 0.875% 6/9/2024 571 0.02 €600,000 Heimstaden Bostad 2.125% 554 0.02 €400,000 HSBC 1.5% 15/3/2022 365 0.01 5/9/2023 €900,000 HSBC 1.5% 4/12/2024 835 0.03 €100,000 Heimstaden Bostad 89 0.00 €600,000 HSBC 2.5% 15/3/2027 614 0.02 Treasury 1.375% 3/3/2027 €600,000 HSBC 3.125% 7/6/2028 625 0.02 €125,000 Heineken 1% 4/5/2026 117 0.00 €400,000 HSBC France 0.1% 352 0.01 €300,000 Heineken 1.25% 17/3/2027 284 0.01 3/9/2027 €300,000 Heineken 1.25% 7/5/2033 275 0.01 €500,000 HSBC France 0.25% 450 0.02 €300,000 Heineken 1.5% 7/12/2024 284 0.01 17/5/2024 €250,000 Heineken 1.5% 3/10/2029 245 0.01 €600,000 HSBC France 0.6% 545 0.02 € 300,000 Heineken 1.75% 17/3/2031 298 0.01 20/3/2023 € 300,000 Heineken 1.75% 7/5/2040 272 0.01 €200,000 Hutchison Whampoa 189 0.01 €250,000 Heineken 2.25% 30/3/2030 257 0.01 Europe Finance 12 3.625% €500,000 Heineken 2.875% 4/8/2025 506 0.02 6/6/2022 €150,000 Heineken 3.5% 19/3/2024 151 0.00

213 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€550,000 Hutchison Whampoa 498 0.02 €500,000 IMMOFINANZ 2.625% 449 0.02 Finance 14 1.375% 27/1/2023 31/10/2021 €275,000 Imperial Brands Finance 251 0.01 €500,000 Iberdrola Finanzas 0.875% 462 0.02 1.125% 14/8/2023 16/6/2025 €600,000 Imperial Brands Finance 564 0.02 €200,000 Iberdrola Finanzas 1% 184 0.01 2.125% 12/2/2027 7/3/2024 €400,000 Indigo SAS 1.625% 340 0.01 €500,000 Iberdrola Finanzas 1% 465 0.02 19/4/2028 7/3/2025 €500,000 Infineon Technologies 455 0.02 €500,000 Iberdrola Finanzas 1.25% 475 0.02 0.75% 24/6/2023 28/10/2026 €500,000 Infineon Technologies 2% 472 0.02 €300,000 Iberdrola Finanzas 1.621% 300 0.01 24/6/2032 29/11/2029 €300,000 Informa 1.25% 22/4/2028 246 0.01 €500,000 Iberdrola International 453 0.02 €225,000 Informa 1.5% 5/7/2023 199 0.01 0.375% 15/9/2025 €250,000 ING Bank 4.5% 21/2/2022 239 0.01 € 100,000 Iberdrola International 94 0.00 €300,000 ING Groep 0.1% 3/9/2025 266 0.01 1.125% 21/4/2026 €500,000 ING Groep 0.75% 9/3/2022 452 0.02 €100,000 Iberdrola International 94 0.00 €600,000 ING Groep 1% 13/11/2030 530 0.02 1.75% 17/9/2023 €1,200,000 ING Groep 1.125% 1,115 0.04 €200,000 Iberdrola International 192 0.01 14/2/2025 1.875% 8/10/2024 €500,000 ING Groep 1.625% 458 0.02 €300,000 Iberdrola International 271 0.01 26/9/2029 1.875% Perpetual 22/5/2169 €1,000,000 ING Groep 2% 20/9/2028 1,013 0.03 €400,000 Iberdrola International 2.5% 377 0.01 €300,000 ING Groep 2% 22/3/2030 278 0.01 24/10/2022 €700,000 ING Groep 2.125% 688 0.02 €200,000 Iberdrola International 187 0.01 10/1/2026 2.625% Perpetual 26/3/2169 €400,000 ING Groep 2.125% 374 0.01 €300,000 Iberdrola International 289 0.01 26/5/2031 3.25% Perpetual 12/2/2169 €300,000 ING Groep 3% 11/4/2028 283 0.01 €600,000 ICADE 1.125% 17/11/2025 534 0.02 €100,000 In’li 1.125% 2/7/2029 89 0.00 €200,000 ICADE 1.5% 13/9/2027 182 0.01 €200,000 Inmobiliaria Colonial Socimi 183 0.01 €200,000 ICADE 1.625% 28/2/2028 181 0.01 1.45% 28/10/2024 €100,000 ICADE 1.875% 14/9/2022 92 0.00 €100,000 Inmobiliaria Colonial Socimi 92 0.00 €100,000 Icade Sante SAS 0.875% 84 0.00 1.625% 28/11/2025 4/11/2029 €300,000 Inmobiliaria Colonial Socimi 280 0.01 €200,000 IE2 Holdco SAU 2.375% 190 0.01 2.5% 28/11/2029 27/11/2023 €200,000 Inmobiliaria Colonial Socimi 191 0.01 €300,000 Illinois Tool Works 0.25% 271 0.01 2.728% 5/6/2023 5/12/2024 €500,000 innogy Finance 0.75% 453 0.02 €200,000 Illinois Tool Works 0.625% 182 0.01 30/11/2022 5/12/2027 €750,000 innogy Finance 1% 697 0.02 €250,000 Illinois Tool Works 1% 236 0.01 13/4/2025 5/6/2031 €700,000 innogy Finance 1.5% 677 0.02 €250,000 Illinois Tool Works 1.75% 230 0.01 31/7/2029 20/5/2022 €200,000 Insurance 3.5% 30/6/2047 197 0.01 €300,000 Illinois Tool Works 2.125% 311 0.01 €200,000 InterContinental Hotels 177 0.01 22/5/2030 2.125% 15/5/2027 €200,000 Imerys 0.875% 31/3/2022 178 0.01 €500,000 International Business 445 0.01 €300,000 Imerys 1.5% 15/1/2027 262 0.01 Machines 0.3% 11/2/2028 €100,000 Imerys 1.875% 31/3/2028 89 0.00

BlackRock Collective Investment Funds 214 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€700,000 International Business 620 0.02 €350,000 ISS Global 0.875% 310 0.01 Machines 0.65% 11/2/2032 18/6/2026 €200,000 International Business 186 0.01 €325,000 ISS Global 1.5% 31/8/2027 296 0.01 Machines 0.875% 31/1/2025 €300,000 Italgas 0.875% 24/4/2030 278 0.01 €500,000 International Business 466 0.02 €200,000 Italgas 1% 11/12/2031 186 0.01 Machines 0.95% 23/5/2025 €200,000 Italgas 1.625% 18/1/2029 196 0.01 € 350,000 International Business 312 0.01 €250,000 ITV 1.375% 26/9/2026 219 0.01 Machines 1.2% 11/2/2040 €150,000 ITV 2.125% 21/9/2022 137 0.00 €500,000 International Business 463 0.02 €100,000 JAB 1% 20/12/2027 88 0.00 Machines 1.25% 26/5/2023 €200,000 JAB 1.25% 22/5/2024 184 0.01 €500,000 International Business 475 0.02 €200,000 JAB 1.625% 30/4/2025 187 0.01 Machines 1.25% 29/1/2027 €300,000 JAB 1.75% 25/5/2023 279 0.01 €225,000 International Business 220 0.01 € Machines 1.5% 23/5/2029 700,000 JAB 1.75% 25/6/2026 656 0.02 € €400,000 International Business 399 0.01 200,000 JAB 2% 18/5/2028 189 0.01 € Machines 1.75% 31/1/2031 100,000 JAB 2.125% 16/9/2022 93 0.00 € €100,000 International Business 102 0.00 200,000 JAB 2.25% 19/12/2039 179 0.01 Machines 2.875% 7/11/2025 €100,000 JAB 2.5% 17/4/2027 97 0.00 €450,000 International Flavors & 415 0.01 €300,000 JAB 2.5% 25/6/2029 295 0.01 Fragrances 1.75% €200,000 JAB 3.375% 17/4/2035 209 0.01 14/3/2024 €500,000 JCDecaux 1% 1/6/2023 450 0.02 €225,000 International Flavors & 205 0.01 €200,000 JCDecaux 2.625% 189 0.01 Fragrances 1.8% 25/9/2026 24/4/2028 €100,000 Intesa Sanpaolo 0.75% 90 0.00 €500,000 Jefferies 1% 19/7/2024 441 0.01 4/12/2024 €100,000 John Deere Cash 91 0.00 €500,000 Intesa Sanpaolo 0.875% 450 0.02 Management 0.5% 27/6/2022 15/9/2023 €200,000 Intesa Sanpaolo 1% 181 0.01 €500,000 John Deere Cash 470 0.02 4/7/2024 Management 1.375% €400,000 Intesa Sanpaolo 1% 356 0.01 2/4/2024 19/11/2026 €150,000 John Deere Cash 149 0.00 €600,000 Intesa Sanpaolo 1.375% 548 0.02 Management 1.65% 18/1/2024 13/6/2039 €250,000 Intesa Sanpaolo 1.75% 232 0.01 €300,000 John Deere Cash 297 0.01 20/3/2028 Management 1.85% €425,000 Intesa Sanpaolo 1.75% 394 0.01 2/4/2028 4/7/2029 €500,000 John Deere Cash 525 0.02 €1,000,000 Intesa Sanpaolo 2.125% 937 0.03 Management 2.2% 2/4/2032 30/8/2023 €500,000 Johnson & Johnson 0.65% 461 0.02 €525,000 Intesa Sanpaolo 2.125% 496 0.02 20/5/2024 26/5/2025 €400,000 Johnson & Johnson 1.65% 424 0.01 €100,000 Intesa Sanpaolo 4% 99 0.00 20/5/2035 30/10/2023 €100,000 Johnson Controls 89 0.00 €250,000 Investor 1.5% 12/9/2030 246 0.01 International 0% 4/12/2020 €225,000 Investor 1.5% 20/6/2039 220 0.01 €125,000 Johnson Controls 115 0.00 €175,000 Investor 4.875% 18/11/2021 166 0.01 International 1% 15/9/2023 € €300,000 Iren 0.875% 4/11/2024 274 0.01 125,000 Johnson Controls 116 0.00 €200,000 Iren 1.5% 24/10/2027 191 0.01 International 1.375% 25/2/2025 €600,000 Iren 1.95% 19/9/2025 578 0.02 €775,000 JPMorgan Chase & 0.389% 682 0.02 €100,000 ISS Finance 1.25% 7/7/2025 91 0.00 24/2/2028

215 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€500,000 JPMorgan Chase & 0.625% 454 0.02 €200,000 Kinder Morgan 1.5% 181 0.01 25/1/2024 16/3/2022 €250,000 JPMorgan Chase & 1.001% 229 0.01 €300,000 KKR Finance V 1.625% 281 0.01 25/7/2031 22/5/2029 €575,000 JPMorgan Chase & 1.047% 526 0.02 €300,000 Klepierre 0.625% 1/7/2030 257 0.01 4/11/2032 €100,000 Klepierre 1% 17/4/2023 91 0.00 €775,000 JPMorgan Chase & 1.09% 714 0.02 €400,000 Klepierre 1.25% 29/9/2031 359 0.01 11/3/2027 €400,000 Klepierre 1.375% 16/2/2027 367 0.01 € 200,000 JPMorgan Chase & 1.375% 182 0.01 €200,000 Klepierre 2% 12/5/2029 191 0.01 16/9/2021 €125,000 Knorr-Bremse 0.5% 112 0.00 € 1,250,000 JPMorgan Chase & 1.5% 1,154 0.04 8/12/2021 26/10/2022 €200,000 Knorr-Bremse 1.125% 187 0.01 € 300,000 JPMorgan Chase & 1.5% 284 0.01 13/6/2025 27/1/2025 €200,000 Kojamo 1.625% 7/3/2025 186 0.01 €400,000 JPMorgan Chase & 1.5% 385 0.01 €275,000 Kojamo 1.875% 27/5/2027 258 0.01 29/10/2026 €100,000 Koninklijke Ahold Delhaize 90 0.00 €500,000 JPMorgan Chase & 1.638% 478 0.02 0.25% 26/6/2025 18/5/2028 €250,000 Koninklijke Ahold Delhaize 231 0.01 €500,000 JPMorgan Chase & 1.812% 494 0.02 0.875% 19/9/2024 12/6/2029 €100,000 Koninklijke Ahold Delhaize 94 0.00 €350,000 JPMorgan Chase & 2.75% 330 0.01 1.125% 19/3/2026 24/8/2022 €700,000 Koninklijke Ahold Delhaize 684 0.02 €150,000 JPMorgan Chase & 2.75% 143 0.00 1.75% 2/4/2027 1/2/2023 €300,000 Koninklijke DSM 0.75% 280 0.01 €400,000 JPMorgan Chase & 2.875% 427 0.01 28/9/2026 24/5/2028 €350,000 Koninklijke DSM 2.375% 338 0.01 €325,000 JPMorgan Chase & 3% 334 0.01 3/4/2024Ø 19/2/2026 €200,000 Koninklijke KPN 0.625% 180 0.01 €125,000 JT International Financial 113 0.00 9/4/2025 Services 1% 26/11/2029 €500,000 Koninklijke KPN 1.125% 457 0.02 €300,000 KBC 0.5% 3/12/2029 263 0.01 11/9/2028 €500,000 KBC 0.625% 10/4/2025 457 0.02 €150,000 Koninklijke KPN 4.25% 142 0.00 € 400,000 KBC 0.75% 1/3/2022 362 0.01 1/3/2022 € 300,000 KBC 0.75% 18/10/2023 274 0.01 €300,000 Koninklijke KPN 5.625% 324 0.01 €100,000 KBC 1% 26/4/2021 90 0.00 30/9/2024 €500,000 KBC 1.125% 25/1/2024 462 0.02 €100,000 Koninklijke Philips 0.5% 91 0.00 €300,000 KBC 1.625% 18/9/2029 276 0.01 6/9/2023 €350,000 Kellogg 0.8% 17/11/2022 318 0.01 €400,000 Koninklijke Philips 1.375% 375 0.01 €125,000 Kellogg 1.75% 24/5/2021 113 0.00 30/3/2025 €200,000 Kennedy Wilson Europe 172 0.01 €300,000 Koninklijke Philips 1.375% 290 0.01 Real Estate 3.25% 2/5/2028 12/11/2025 €300,000 Koninklijke Philips 2% 301 0.01 €100,000 Kering 0.75% 13/5/2028 92 0.00 30/3/2030 €300,000 Kering 1.25% 10/5/2026 284 0.01 €150,000 La Mondiale SAM 5.05% 150 0.00 €100,000 Kering 1.5% 5/4/2027 96 0.00 Perpetual 17/12/2168 € €275,000 Kerry Financial Services 245 0.01 300,000 Lansforsakringar Bank 274 0.01 Unltd 0.625% 20/9/2029 0.875% 25/9/2023 € Ø €150,000 Kerry Financial Services 149 0.00 125,000 LANXESS 1% 7/10/2026 116 0.00 Unltd 2.375% 10/9/2025 €150,000 LANXESS 2.625% 142 0.00 21/11/2022

BlackRock Collective Investment Funds 216 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€500,000 LeasePlan 1% 25/2/2022 450 0.02 €500,000 Lloyds Banking 3.5% 503 0.02 €300,000 LeasePlan 1% 2/5/2023 272 0.01 1/4/2026 €700,000 LeasePlan 3.5% 9/4/2025 698 0.02 €200,000 Lloyds Banking 4.5% 199 0.01 €150,000 Leeds Building Society 137 0.00 18/3/2030 1.375% 5/5/2022 €250,000 Logicor Financing Sarl 223 0.01 €100,000 Leeds Building Society 91 0.00 0.75% 15/7/2024 2.625% 1/4/2021 €450,000 Logicor Financing Sarl 1.5% 410 0.01 €200,000 LEG Immobilien 0.875% 183 0.01 14/11/2022 28/11/2027 €200,000 Logicor Financing Sarl 1.5% 179 0.01 €200,000 LEG Immobilien 1.25% 184 0.01 13/7/2026 23/1/2024 €500,000 Logicor Financing Sarl 496 0.02 €500,000 Legrand 0.5% 9/10/2023Ø 453 0.02 3.25% 13/11/2028 € €500,000 Legrand 0.625% 24/6/2028 453 0.02 100,000 London Stock Exchange 92 0.00 0.875% 19/9/2024 €100,000 Legrand 0.75% 20/5/2030 91 0.00 €275,000 London Stock Exchange 267 0.01 €100,000 Legrand 1.875% 6/7/2032 102 0.00 1.75% 19/9/2029 €175,000 LG Chem 0.5% 15/4/2023 155 0.00 €275,000 Luminor Bank AS/Estonia 246 0.01 €350,000 Liberty Mutual 2.75% 349 0.01 1.375% 21/10/2022 4/5/2026 €500,000 LVMH Moet Hennessy Louis 447 0.01 €500,000 Linde Finance 0.25% 449 0.02 Vuitton 0% 11/2/2024 18/1/2022 €800,000 LVMH Moet Hennessy Louis 711 0.02 €200,000 Linde Finance 0.25% 180 0.01 Vuitton 0% 11/2/2026 19/5/2027 €300,000 LVMH Moet Hennessy Louis 270 0.01 €100,000 Linde Finance 0.55% 90 0.00 Vuitton 0.125% 28/2/2023 19/5/2032 €600,000 LVMH Moet Hennessy Louis 532 0.02 €175,000 Linde Finance 1% 168 0.01 Vuitton 0.125% 11/2/2028 20/4/2028 €400,000 LVMH Moet Hennessy Louis 355 0.01 €100,000 Linde Finance 1.75% 89 0.00 Vuitton 0.375% 11/2/2031 17/9/2020 €325,000 LVMH Moet Hennessy Louis 299 0.01 €200,000 Linde Finance 1.875% 192 0.01 Vuitton 0.75% 26/5/2024 22/5/2024 €500,000 LVMH Moet Hennessy Louis 461 0.02 €125,000 Lloyds Bank 1% 19/11/2021 113 0.00 Vuitton 0.75% 7/4/2025 €300,000 Lloyds Bank 1.25% 285 0.01 €500,000 LVMH Moet Hennessy Louis 451 0.02 13/1/2025 Vuitton 1% 24/9/2021 €700,000 Lloyds Bank 1.375% 645 0.02 €200,000 LYB International Finance II 180 0.01 8/9/2022Ø 1.625% 17/9/2031 €300,000 Lloyds Bank Corporate 268 0.01 €300,000 Macquarie 0.625% 3/2/2027 267 0.01 Markets 0.25% 4/10/2022 €50,000 Macquarie Bank 6% 45 0.00 €250,000 Lloyds Bank Corporate 223 0.01 21/9/2020 Markets 0.375% 28/1/2025 €200,000 Madrilena Red de Gas 190 0.01 €500,000 Lloyds Bank Corporate 489 0.02 Finance 2.25% 11/4/2029 Markets 2.375% 9/4/2026 €125,000 Magna International 1.5% 118 0.00 €400,000 Lloyds Banking 0.5% 356 0.01 25/9/2027 12/11/2025 €100,000 Magna International 1.9% 94 0.00 €512,000 Lloyds Banking 0.75% 461 0.02 24/11/2023 9/11/2021 €100,000 ManpowerGroup 1.75% 92 0.00 €369,000 Lloyds Banking 1% 338 0.01 22/6/2026 9/11/2023 €200,000 Mapfre 1.625% 19/5/2026 193 0.01 €500,000 Lloyds Banking 1.75% 453 0.02 €400,000 Mapfre 4.125% 7/9/2048 400 0.01 7/9/2028 €150,000 Marsh & McLennan Cos 142 0.00 1.349% 21/9/2026

217 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€150,000 Marsh & McLennan Cos 150 0.00 €1,000,000 Merck & 0.5% 2/11/2024 916 0.03 1.979% 21/3/2030 €300,000 Merck & 1.875% 15/10/2026 297 0.01 €300,000 Mastercard 1.1% 1/12/2022 275 0.01 €100,000 Merck & 2.5% 15/10/2034 113 0.00 €125,000 Mastercard 2.1% 1/12/2027 126 0.00 €200,000 Merck Financial Services 179 0.01 €275,000 mBank 1.058% 5/9/2022Ø 246 0.01 0.005% 15/12/2023 €500,000 McDonald’s 0.625% 456 0.02 €600,000 Merck Financial Services 537 0.02 29/1/2024 0.125% 16/7/2025 €800,000 McDonald’s 0.9% 15/6/2026 742 0.03 €100,000 Merck Financial Services 90 0.00 €300,000 McDonald’s 1% 15/11/2023 277 0.01 0.375% 5/7/2027 €200,000 McDonald’s 1.5% 195 0.01 €200,000 Merck Financial Services 181 0.01 28/11/2029 0.5% 16/7/2028 €200,000 McDonald’s 1.75% 3/5/2028 197 0.01 €200,000 Merck Financial Services 184 0.01 €200,000 McDonald’s 2% 1/6/2023 189 0.01 0.875% 5/7/2031 € €400,000 McKesson 1.5% 17/11/2025 372 0.01 300,000 Merck Financial Services 274 0.01 1.375% 1/9/2022 €200,000 Mediobanca Banca di 173 0.01 € Credito Finanziario 0.75% 300,000 Merlin Properties Socimi 270 0.01 15/7/2027 1.75% 26/5/2025 € €250,000 Mediobanca Banca di 221 0.01 450,000 Merlin Properties Socimi 403 0.01 Credito Finanziario 1.125% 1.875% 2/11/2026 23/4/2025 €200,000 Merlin Properties Socimi 166 0.01 €200,000 Mediobanca Banca di 181 0.01 1.875% 4/12/2034 Credito Finanziario 1.125% €200,000 Merlin Properties Socimi 181 0.01 15/7/2025 2.375% 13/7/2027 €200,000 Mediobanca Banca di 184 0.01 €400,000 METRO 1.125% 6/3/2023 359 0.01 Credito Finanziario 1.625% €800,000 Metropolitan Life Global 715 0.02 7/1/2025 Funding I 0% 23/9/2022 €400,000 Medtronic Global 0% 357 0.01 €250,000 Metropolitan Life Global 226 0.01 2/12/2022 Funding I 0.375% 9/4/2024 €400,000 Medtronic Global 0.25% 360 0.01 €150,000 Metropolitan Life Global 142 0.00 2/7/2025 Funding I 2.375% 11/1/2023 €875,000 Medtronic Global 0.375% 789 0.03 €175,000 mFinance France 1.398% 156 0.00 7/3/2023 26/9/2020 €425,000 Medtronic Global 1% 400 0.01 €250,000 Michelin Luxembourg SCS 249 0.01 2/7/2031 1.75% 28/5/2027 €450,000 Medtronic Global 1.125% 425 0.01 €200,000 Microsoft 2.625% 2/5/2033Ø 233 0.01 7/3/2027 €650,000 Microsoft 3.125% 6/12/2028 732 0.02 €400,000 Medtronic Global 1.5% 373 0.01 €400,000 Mitsubishi UFJ Financial 359 0.01 2/7/2039 0.339% 19/7/2024 €150,000 Medtronic Global 1.625% 149 0.00 €400,000 Mitsubishi UFJ Financial 367 0.01 7/3/2031 0.872% 7/9/2024 €300,000 Medtronic Global 1.75% 280 0.01 €500,000 Mitsubishi UFJ Financial 460 0.02 2/7/2049 0.978% 9/6/2024 €325,000 Medtronic Global 2.25% 340 0.01 €200,000 Mitsubishi UFJ Financial 184 0.01 7/3/2039 0.98% 9/10/2023 €100,000 Mercialys 1.787% 31/3/2023 88 0.00 €200,000 Mizuho Financial 0.118% 178 0.01 €100,000 Mercialys 1.8% 27/2/2026 80 0.00 6/9/2024 €200,000 Mercialys 4.625% 7/7/2027 181 0.01 €325,000 Mizuho Financial 0.402% 287 0.01 €100,000 Merck 1.625% 25/6/2079 90 0.00 6/9/2029 €300,000 Merck 2.875% 25/6/2079 286 0.01 €500,000 Mizuho Financial 0.523% 453 0.02 €200,000 Merck 3.375% 12/12/2074Ø 193 0.01 10/6/2024

BlackRock Collective Investment Funds 218 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€225,000 Mizuho Financial 0.797% 204 0.01 €600,000 Morgan Stanley 1.875% 589 0.02 15/4/2030 27/4/2027 €150,000 Mizuho Financial 0.956% 138 0.00 €325,000 Motability Operations 303 0.01 16/10/2024 0.875% 14/3/2025 €600,000 Mizuho Financial 1.02% 550 0.02 €125,000 Motability Operations 117 0.00 11/10/2023 1.625% 9/6/2023 €400,000 MMS USA Investments 360 0.01 €300,000 Muenchener 309 0.01 1.25% 13/6/2028 Rueckversicherungs- €300,000 MMS USA Investments 275 0.01 Gesellschaft in Muenchen 1.75% 13/6/2031 3.25% 26/5/2049 €400,000 Mohawk Capital Finance 332 0.01 €300,000 Muenchener 294 0.01 1.75% 12/6/2027 Rueckversicherungs- €275,000 Mohawk Industries 2% 239 0.01 Gesellschaft in Muenchen 14/1/2022 6.25% 26/5/2042 € €175,000 Molnlycke 0.875% 5/9/2029 152 0.00 500,000 MUFG Bank 0.875% 454 0.02 11/3/2022 €125,000 Molnlycke 1.5% 28/2/2022 114 0.00 €275,000 Mylan 2.25% 22/11/2024 261 0.01 €150,000 Molnlycke 1.75% 28/2/2024 140 0.00 €200,000 Mylan 3.125% 22/11/2028 204 0.01 €125,000 Molnlycke 1.875% 117 0.00 € 28/2/2025 350,000 Nasdaq 0.875% 13/2/2030 315 0.01 € €300,000 Molson Coors Beverage 269 0.01 125,000 Nasdaq 1.75% 19/5/2023 116 0.00 1.25% 15/7/2024 €300,000 National Australia Bank 271 0.01 €100,000 Mondelez International 1% 91 0.00 0.25% 20/5/2024 7/3/2022 €500,000 National Australia Bank 451 0.02 €175,000 Mondelez International 162 0.01 0.35% 7/9/2022 1.625% 20/1/2023 €875,000 National Australia Bank 798 0.03 €200,000 Mondelez International 193 0.01 0.625% 30/8/2023 1.625% 8/3/2027 €400,000 National Australia Bank 365 0.01 €200,000 Mondelez International 204 0.01 0.625% 10/11/2023 2.375% 6/3/2035 €100,000 National Australia Bank 97 0.00 €175,000 Mondelez International 161 0.01 1.125% 20/5/2031 Netherlands 0.875% €500,000 National Australia Bank 489 0.02 1/10/2031 1.375% 30/8/2028 €700,000 Mondi Finance 1.625% 664 0.02 €250,000 National Australia Bank 236 0.01 27/4/2026 2.75% 8/8/2022 €200,000 Moody’s 0.95% 25/2/2030 187 0.01 €175,000 National Grid Electricity 157 0.00 €300,000 Moody’s 1.75% 9/3/2027 293 0.01 Transmission 0.19% 20/1/2025 €600,000 Morgan Stanley 0.637% 542 0.02 € 26/7/2024 250,000 National Grid Electricity 227 0.01 Transmission 0.823% €300,000 Morgan Stanley 1% 274 0.01 7/7/2032 2/12/2022 €200,000 National Grid North America 180 0.01 €500,000 Morgan Stanley 1.342% 468 0.02 0.75% 11/2/2022 23/10/2026 €100,000 National Grid North America 92 0.00 €500,000 Morgan Stanley 1.375% 473 0.02 1% 12/7/2024 27/10/2026 €400,000 Nationale-Nederlanden 358 0.01 €900,000 Morgan Stanley 1.75% 849 0.03 Bank NV/The Netherlands 11/3/2024 0.375% 26/2/2025 €225,000 Morgan Stanley 1.75% 214 0.01 €100,000 Nationale-Nederlanden 104 0.00 30/1/2025 Levensverzekering €400,000 Morgan Stanley 1.875% 374 0.01 Maatschappij 9% 29/8/2042 30/3/2023

219 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€275,000 Nationwide Building Society 246 0.01 €500,000 Nestle Finance International 500 0.02 0.25% 22/7/2025 1.5% 1/4/2030 €375,000 Nationwide Building Society 341 0.01 €600,000 Nestle Finance International 557 0.02 0.625% 19/4/2023 1.75% 12/9/2022 €275,000 Nationwide Building Society 251 0.01 €200,000 Nestle Finance International 216 0.01 1.125% 3/6/2022 1.75% 2/11/2037 €125,000 Nationwide Building Society 118 0.00 €325,000 New York Life Global 288 0.01 1.25% 3/3/2025 Funding 0.25% 23/1/2027 €500,000 Nationwide Building Society 470 0.02 €125,000 NGG Finance 1.625% 111 0.00 1.5% 8/3/2026 5/12/2079 €125,000 Nationwide Building Society 115 0.00 €475,000 NGG Finance 2.125% 427 0.01 2% 25/7/2029 5/9/2082 €400,000 Naturgy Capital Markets 369 0.01 €500,000 NIBC Bank 0.875% 442 0.01 1.125% 11/4/2024 8/7/2025 €300,000 Naturgy Finance 0.75% 272 0.01 €100,000 NN 1% 18/3/2022 91 0.00 28/11/2029 €300,000 NN 1.625% 1/6/2027 289 0.01 €800,000 Naturgy Finance 0.875% 738 0.03 €400,000 NN 4.375% Perpetual 391 0.01 15/5/2025 13/6/2169 €300,000 Naturgy Finance 1.25% 281 0.01 €150,000 NN 4.5% Perpetual 150 0.00 15/1/2026 15/7/2169 €200,000 Naturgy Finance 1.25% 188 0.01 €250,000 NN 4.625% 8/4/2044 251 0.01 19/4/2026 €425,000 NN 4.625% 13/1/2048 447 0.01 € 400,000 Naturgy Finance 1.375% 379 0.01 €150,000 Nordea Bank 0.375% 137 0.00 19/1/2027 28/5/2026 € 300,000 Naturgy Finance 1.875% 299 0.01 €800,000 Nordea Bank 0.5% 732 0.02 5/10/2029 14/5/2027 € 200,000 Naturgy Finance 2.875% 196 0.01 €300,000 Nordea Bank 0.875% 275 0.01 11/3/2024 26/6/2023 € 700,000 Natwest 1.75% 2/3/2026 653 0.02 €700,000 Nordea Bank 1% 22/2/2023 641 0.02 € 850,000 Natwest 2% 8/3/2023 779 0.03 €200,000 Nordea Bank 1% 7/9/2026 179 0.01 € 200,000 Natwest 2.5% 22/3/2023 188 0.01 €400,000 Nordea Bank 1% 27/6/2029 355 0.01 € 600,000 NatWest Markets 0.625% 539 0.02 €350,000 Nordea Bank 1.125% 330 0.01 2/3/2022 12/2/2025 € 250,000 NatWest Markets 1.125% 228 0.01 €200,000 Nordea Bank 3.25% 190 0.01 14/6/2023 5/7/2022 € 1,000,000 NatWest Markets 2.75% 976 0.03 €100,000 Norsk Hydro 1.125% 87 0.00 2/4/2025 11/4/2025 € 500,000 NE Property 2.625% 454 0.02 €125,000 Norsk Hydro 2% 11/4/2029 103 0.00 22/5/2023Ø €350,000 NorteGas Energia 337 0.01 € 300,000 NE Property 3.375% 270 0.01 Distribucion 2.065% 14/7/2027 28/9/2027 € 425,000 Nestle 0.875% 18/7/2025 398 0.01 €500,000 Novartis Finance 0.125% 451 0.02 €750,000 Nestle Finance International 673 0.02 20/9/2023 0.125% 12/11/2027 €500,000 Novartis Finance 0.75% 452 0.02 €275,000 Nestle Finance International 248 0.01 9/11/2021 0.375% 12/5/2032 €900,000 Novartis Finance 1.125% 867 0.03 €300,000 Nestle Finance International 275 0.01 30/9/2027 0.75% 16/5/2023 €325,000 Novartis Finance 1.375% 322 0.01 €500,000 Nestle Finance International 475 0.02 14/8/2030 1.125% 1/4/2026

BlackRock Collective Investment Funds 220 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€500,000 Novartis Finance 1.625% 493 0.02 €500,000 Orange 0.875% 3/2/2027 465 0.02 9/11/2026 €400,000 Orange 1.125% 15/7/2024 371 0.01 €350,000 Nykredit Realkredit 0.125% 307 0.01 €500,000 Orange 1.25% 7/7/2027 476 0.02 10/7/2024 €500,000 Orange 1.375% 20/3/2028 482 0.02 € 775,000 Nykredit Realkredit 0.25% 691 0.02 €200,000 Orange 1.375% 16/1/2030 196 0.01 20/1/2023 €300,000 Orange 1.375% 4/9/2049 267 0.01 €175,000 Nykredit Realkredit 0.75% 157 0.00 €400,000 Orange 1.5% 9/9/2027 387 0.01 14/7/2021 €400,000 Orange 1.625% 7/4/2032 396 0.01 €325,000 Nykredit Realkredit 0.75% 290 0.01 €100,000 Orange 1.75% Perpetual 90 0.00 20/1/2027 19/3/2169 €200,000 Nykredit Realkredit 2.75% 186 0.01 €300,000 Orange 1.875% 12/9/2030 306 0.01 17/11/2027 €300,000 Orange 2% 15/1/2029 305 0.01 €100,000 O2 Telefonica Deutschland 94 0.00 € Finanzierungs 1.75% 500,000 Orange 2.375% Perpetual 461 0.02 5/7/2025 15/4/2169 € €100,000 Omnicom Finance 0.8% 89 0.00 700,000 Orange 2.5% 1/3/2023 665 0.02 € 8/7/2027 200,000 Orange 3% 15/6/2022 189 0.01 € €200,000 Omnicom Finance 1.4% 185 0.01 100,000 Orange 3.125% 9/1/2024 99 0.00 8/7/2031 €400,000 Orange 3.375% 16/9/2022 382 0.01 €500,000 OMV 0% 16/6/2023 446 0.01 €125,000 Orange 5% Perpetual 132 0.00 €100,000 OMV 0% 3/7/2025 89 0.00 1/10/2168 € €250,000 OMV 0.75% 4/12/2023 228 0.01 500,000 Orange 5.25% Perpetual 504 0.02 €175,000 OMV 0.75% 16/6/2030 157 0.00 7/2/2169 € €125,000 OMV 1% 14/12/2026 117 0.00 400,000 Orange 8.125% 28/1/2033 659 0.02 € €375,000 OMV 1% 3/7/2034 333 0.01 150,000 Origin Energy Finance 1% 132 0.00 17/9/2029 €1,025,000 OMV 2% 9/4/2028 1,019 0.03 €100,000 Origin Energy Finance 2.5% 90 0.00 €100,000 OMV 2.5% Perpetual 89 0.00 23/10/2020 1/9/2169 €200,000 Origin Energy Finance 3.5% 184 0.01 €300,000 OMV 2.625% 27/9/2022 282 0.01 4/10/2021 €300,000 OMV 2.875% Perpetual 273 0.01 €150,000 ORLEN Capital 2.5% 136 0.00 19/6/2169 30/6/2021 €100,000 OMV 2.875% Perpetual 89 0.00 €300,000 OTE 0.875% 24/9/2026 268 0.01 1/9/2169 €175,000 PACCAR Financial Europe 156 0.00 €200,000 OMV 5.25% Perpetual 187 0.01 0.125% 7/3/2022 9/12/2168 €125,000 Parker-Hannifin 1.125% 113 0.00 €150,000 OMV 6.25% Perpetual 159 0.01 1/3/2025 9/12/2168 €325,000 PartnerRe Ireland Finance 300 0.01 €800,000 OP Corporate Bank 0.125% 718 0.02 DAC 1.25% 15/9/2026 1/7/2024 €400,000 PepsiCo 0.5% 6/5/2028 366 0.01 €600,000 OP Corporate Bank 0.375% 545 0.02 € 26/2/2024 125,000 PepsiCo 0.75% 18/3/2027 117 0.00 € €350,000 OP Corporate Bank 0.5% 319 0.01 200,000 PepsiCo 0.875% 18/7/2028 189 0.01 € 12/8/2025 200,000 PepsiCo 0.875% 16/10/2039 183 0.01 € €500,000 OP Corporate Bank 0.625% 448 0.01 150,000 PepsiCo 1.125% 18/3/2031 145 0.00 12/11/2029 €150,000 PepsiCo 1.75% 28/4/2021 135 0.00 €500,000 OP Corporate Bank 0.75% 453 0.02 €100,000 PepsiCo 2.625% 28/4/2026 103 0.00 3/3/2022 €175,000 PerkinElmer 0.6% 9/4/2021 156 0.00 €100,000 Oracle 3.125% 10/7/2025 102 0.00 €200,000 PerkinElmer 1.875% 187 0.01 €200,000 Orange 0% 4/9/2026 177 0.01 19/7/2026 €300,000 Orange 0.5% 4/9/2032 262 0.01

221 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€600,000 Pernod Ricard 0% 535 0.02 €250,000 Procter & Gamble 1.125% 233 0.01 24/10/2023 2/11/2023 €200,000 Pernod Ricard 0.5% 181 0.01 €375,000 Procter & Gamble 1.2% 366 0.01 24/10/2027 30/10/2028 €200,000 Pernod Ricard 0.875% 182 0.01 €150,000 Procter & Gamble 1.25% 148 0.00 24/10/2031 25/10/2029Ø €200,000 Pernod Ricard 1.125% 186 0.01 €125,000 Procter & Gamble 1.875% 136 0.00 7/4/2025 30/10/2038 €100,000 Pernod Ricard 1.5% 95 0.00 €1,100,000 Procter & Gamble 2% 1,026 0.03 18/5/2026 16/8/2022 €500,000 Pernod Ricard 1.75% 493 0.02 €100,000 Procter & Gamble 4.875% 119 0.00 8/4/2030 11/5/2027 €500,000 Pernod Ricard 2.125% 481 0.02 €100,000 Prologis Euro Finance 88 0.00 27/9/2024 0.25% 10/9/2027 €150,000 Peugeot 2% 23/3/2024 138 0.00 €175,000 Prologis Euro Finance 156 0.00 €600,000 Peugeot 2% 20/3/2025 548 0.02 0.375% 6/2/2028 €150,000 Peugeot 2.375% 14/4/2023 138 0.00 €500,000 Prologis Euro Finance 438 0.01 €700,000 Peugeot 2.75% 15/5/2026 660 0.02 0.625% 10/9/2031 € €225,000 Pfizer 0.25% 6/3/2022 202 0.01 275,000 Prologis Euro Finance 1% 246 0.01 6/2/2035 €175,000 Pfizer 1% 6/3/2027 165 0.01 €100,000 Prologis Euro Finance 1.5% 87 0.00 €275,000 Philip Morris International 239 0.01 10/9/2049 0.8% 1/8/2031 €125,000 Prologis International 114 0.00 €200,000 Philip Morris International 172 0.01 Funding II 0.875% 9/7/2029 1.45% 1/8/2039 €275,000 Prologis International 284 0.01 €300,000 Philip Morris International 279 0.01 Funding II 2.375% 1.875% 6/11/2037 14/11/2030 €250,000 Philip Morris International 238 0.01 €200,000 Prologis International 186 0.01 2% 9/5/2036 Funding II 2.875% 4/4/2022 €100,000 Philip Morris International 99 0.00 €300,000 Prologis LP 3% 2/6/2026 310 0.01 2.75% 19/3/2025 €100,000 Prologis LP 3.375% 99 0.00 €100,000 Philip Morris International 99 0.00 20/2/2024 2.875% 30/5/2024 €400,000 Prosegur Cash 1.375% 364 0.01 €200,000 Philip Morris International 203 0.01 4/2/2026 2.875% 3/3/2026 €100,000 Prosegur Cia de Seguridad 90 0.00 €100,000 Philip Morris International 108 0.00 1% 8/2/2023 3.125% 3/6/2033 €250,000 Prosus 1.539% 3/8/2028 225 0.01 €300,000 Phoenix 4.375% 24/1/2029 296 0.01 €175,000 Prosus 2.031% 3/8/2032 158 0.00 €500,000 POSCO 0.5% 17/1/2024 439 0.01 €125,000 PSA Banque France 0.5% 112 0.00 €100,000 PostNL 0.625% 23/9/2026 89 0.00 12/4/2022 €175,000 PostNL 1% 21/11/2024 159 0.01 €200,000 PSA Banque France 0.625% 179 0.01 €100,000 PPG Industries 0.875% 92 0.00 21/6/2024 3/11/2025 €100,000 PSA Tresorerie GIE 6% 123 0.00 €200,000 PPG Industries 1.4% 186 0.01 19/9/2033 13/3/2027 €300,000 Public Storage 0.875% 264 0.01 €400,000 Praxair 1.2% 12/2/2024 373 0.01 24/1/2032 €100,000 Procter & Gamble 0.5% 92 0.00 €200,000 Publicis Groupe 1.125% 181 0.01 25/10/2024 16/12/2021 €125,000 Procter & Gamble 0.625% 115 0.00 €200,000 Publicis Groupe 1.625% 189 0.01 30/10/2024 16/12/2024 €200,000 PVH 3.125% 15/12/2027 171 0.01

BlackRock Collective Investment Funds 222 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€125,000 PVH 3.625% 15/7/2024 114 0.00 €200,000 Red Electrica 181 0.01 €300,000 Raiffeisen Bank 267 0.01 Financiaciones SAU 0.375% International 0.25% 24/7/2028 22/1/2025 €300,000 Red Electrica 282 0.01 €500,000 Raiffeisen Bank 446 0.01 Financiaciones SAU 1% International 0.375% 21/4/2026 25/9/2026 €300,000 Red Electrica 282 0.01 €200,000 Raiffeisen Bank 173 0.01 Financiaciones SAU 1.125% International 1.5% 24/4/2025 12/3/2030 €100,000 Red Electrica 94 0.00 €100,000 Raiffeisen Bank 92 0.00 Financiaciones SAU 3.875% International 2.875% 25/1/2022 18/6/2032 €100,000 Redexis Gas Finance 93 0.00 €100,000 Raiffeisen Bank 102 0.00 1.875% 28/5/2025 International 6% 16/10/2023 €250,000 Redexis Gas Finance 234 0.01 €200,000 Raiffeisenlandesbank 175 0.01 1.875% 27/4/2027 Niederoesterreich-Wien €175,000 RELX Capital 1.3% 165 0.01 0.25% 16/4/2024 12/5/2025 €500,000 Raiffeisenlandesbank 448 0.01 €200,000 RELX Finance 0.875% 179 0.01 Oberoesterreich 0.75% 10/3/2032 22/5/2023 €200,000 RELX Finance 1% 22/3/2024 184 0.01 €250,000 Raytheon Technologies 247 0.01 €150,000 RELX Finance 1.375% 143 0.00 2.15% 18/5/2030 12/5/2026 €500,000 RCI Banque 0.25% 443 0.01 €300,000 RELX Finance 1.5% 286 0.01 12/7/2021 13/5/2027 €400,000 RCI Banque 0.25% 8/3/2023 348 0.01 €150,000 Ren Finance 1.75% 140 0.00 €500,000 RCI Banque 0.5% 15/9/2023 436 0.01 1/6/2023 €150,000 RCI Banque 0.625% 133 0.00 €150,000 Ren Finance 1.75% 144 0.00 10/11/2021 18/1/2028 €100,000 RCI Banque 0.75% 89 0.00 €175,000 Rentokil Initial 0.875% 160 0.01 12/1/2022 30/5/2026 €225,000 RCI Banque 0.75% 199 0.01 €275,000 Rentokil Initial 0.95% 251 0.01 26/9/2022 22/11/2024Ø €100,000 RCI Banque 1.125% 86 0.00 €100,000 Rentokil Initial 3.25% 92 0.00 15/1/2027 7/10/2021 €600,000 RCI Banque 1.375% 537 0.02 €100,000 Repsol International Finance 86 0.00 8/3/2024 0.25% 2/8/2027 €325,000 RCI Banque 1.625% 292 0.01 €400,000 Repsol International Finance 386 0.01 11/4/2025 2% 15/12/2025 €175,000 RCI Banque 1.625% 155 0.00 €200,000 Repsol International Finance 198 0.01 26/5/2026 2.25% 10/12/2026Ø €375,000 RCI Banque 1.75% 335 0.01 €300,000 Repsol International Finance 303 0.01 10/4/2026 2.625% 15/4/2030 €675,000 Reckitt Benckiser Treasury 612 0.02 €400,000 Repsol International Finance 371 0.01 Services Nederland 0.375% 3.625% 7/10/2021 19/5/2026 €100,000 Richemont International 93 0.00 €500,000 Reckitt Benckiser Treasury 461 0.02 0.75% 26/5/2028 Services Nederland 0.75% €350,000 Richemont International 1% 330 0.01 19/5/2030 26/3/2026 €100,000 Red Electrica 0.875% 93 0.00 €625,000 Richemont International 597 0.02 14/4/2025 1.125% 26/5/2032

223 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€325,000 Richemont International 321 0.01 €400,000 Sanofi 1.5% 22/9/2025 385 0.01 1.5% 26/3/2030 €500,000 Sanofi 1.5% 1/4/2030 500 0.02 €175,000 Richemont International 169 0.01 €500,000 Sanofi 1.75% 10/9/2026 494 0.02 1.625% 26/5/2040 €300,000 Sanofi 1.875% 21/3/2038Ø 324 0.01 € 350,000 Richemont International 2% 362 0.01 €600,000 Santander Consumer Bank 526 0.02 26/3/2038 0.125% 25/2/2025 € 200,000 Rio Tinto Finance 2.875% 200 0.01 €400,000 Santander Consumer Bank 361 0.01 11/12/2024 0.75% 17/10/2022Ø € 275,000 Roadster Finance DAC 240 0.01 €400,000 Santander Consumer 357 0.01 2.375% 8/12/2032 Finance 0.375% 27/6/2024 € 200,000 Robert Bosch Investment 181 0.01 €200,000 Santander Consumer 178 0.01 Nederland 1.625% Finance 0.375% 17/1/2025 24/5/2021 €200,000 Santander Consumer 178 0.01 € 100,000 Robert Bosch Investment 106 0.00 Finance 0.5% 14/11/2026 Nederland 2.625% €400,000 Santander Consumer 361 0.01 24/5/2028 Finance 0.875% 24/1/2022 €300,000 Roche Finance Europe 272 0.01 €400,000 Santander Consumer 365 0.01 0.5% 27/2/2023 Finance 1% 27/2/2024 €400,000 Roche Finance Europe 374 0.01 €300,000 Santander UK 0.391% 266 0.01 0.875% 25/2/2025 28/2/2025 €600,000 Royal Bank of Canada 537 0.02 €125,000 Santander UK 0.875% 112 0.00 0.125% 23/7/2024 25/11/2020 €200,000 Royal Bank of Canada 180 0.01 €300,000 Santander UK 1.125% 272 0.01 0.25% 2/5/2024 14/1/2022 €200,000 Royal Mail 1.25% 8/10/2026 174 0.01 €300,000 Santander UK 1.125% 274 0.01 € 200,000 Royal Mail 2.375% 189 0.01 8/9/2023 29/7/2024 €500,000 SAP 0.25% 10/3/2022 449 0.02 €650,000 Ryanair DAC 1.125% 557 0.02 €700,000 SAP 0.375% 18/5/2029 632 0.02 10/3/2023 €400,000 SAP 0.75% 10/12/2024 369 0.01 €350,000 Sagax 2% 17/1/2024 319 0.01 €200,000 SAP 1% 13/3/2026 188 0.01 €150,000 Sagax 2.25% 13/3/2025 137 0.00 €150,000 SAP 1.125% 20/2/2023 138 0.00 €175,000 Samhallsbyggnadsbolaget i 147 0.00 €500,000 SAP 1.25% 10/3/2028 483 0.02 Norden 1% 12/8/2027 €200,000 SAP 1.375% 13/3/2030 197 0.01 €350,000 Samhallsbyggnadsbolaget i 316 0.01 € Norden 1.75% 14/1/2025 500,000 SAP 1.75% 22/2/2027 494 0.02 € €500,000 Sampo 1% 18/9/2023 460 0.02 175,000 SATO 1.375% 31/5/2024 154 0.00 € €125,000 Sampo 1.5% 16/9/2021 113 0.00 100,000 Scania 2.25% 3/6/2025 93 0.00 € €250,000 Sampo 2.25% 27/9/2030 258 0.01 175,000 Scentre Trust 1 / Scentre 158 0.00 Trust 2 1.375% 22/3/2023 €350,000 Sampo 3.375% 23/5/2049 345 0.01 €300,000 Scentre Trust 2 3.25% 286 0.01 €300,000 SANEF 1.875% 16/3/2026 277 0.01 11/9/2023 €300,000 Sanofi 0% 13/9/2022 269 0.01 €300,000 Schlumberger Finance 258 0.01 €500,000 Sanofi 0.5% 21/3/2023 454 0.02 0.25% 15/10/2027 €300,000 Sanofi 0.5% 13/1/2027 276 0.01 €150,000 Schlumberger Finance 0.5% 126 0.00 € 200,000 Sanofi 0.625% 5/4/2024 184 0.01 15/10/2031 € 500,000 Sanofi 0.875% 22/9/2021 450 0.02 €425,000 Schlumberger Finance 395 0.01 €300,000 Sanofi 0.875% 21/3/2029 284 0.01 1.375% 28/10/2026 €800,000 Sanofi 1% 21/3/2026 756 0.03 €400,000 Schlumberger Finance 2% 384 0.01 €400,000 Sanofi 1.125% 5/4/2028 387 0.01 6/5/2032 €200,000 Sanofi 1.25% 21/3/2034 200 0.01 €300,000 Schlumberger Finance 274 0.01 €400,000 Sanofi 1.375% 21/3/2030 398 0.01 France SAS 1% 18/2/2026

BlackRock Collective Investment Funds 224 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€800,000 Schneider Electric 0% 716 0.02 €500,000 Shinhan Bank 0.25% 435 0.01 12/6/2023 16/10/2024 €100,000 Schneider Electric 0.25% 89 0.00 €300,000 Siemens 268 0.01 11/3/2029 Financieringsmaatschappij €700,000 Schneider Electric 0.875% 649 0.02 0% 5/9/2021 11/3/2025Ø €1,000,000 Siemens 895 0.03 €100,000 Schneider Electric 1% 94 0.00 Financieringsmaatschappij 9/4/2027 0% 20/2/2023 €100,000 Schneider Electric 1.375% 97 0.00 €225,000 Siemens 201 0.01 21/6/2027 Financieringsmaatschappij €400,000 Schneider Electric 1.5% 373 0.01 0% 5/9/2024 8/9/2023 €600,000 Siemens 534 0.02 €300,000 Schneider Electric 1.5% 293 0.01 Financieringsmaatschappij 15/1/2028 0% 20/2/2026 € €200,000 Schneider Electric 2.5% 183 0.01 500,000 Siemens 441 0.01 6/9/2021 Financieringsmaatschappij 0.125% 5/9/2029 €200,000 SCOR 3% 8/6/2046 200 0.01 €700,000 Siemens 631 0.02 €100,000 SCOR 3.625% 27/5/2048 105 0.00 Financieringsmaatschappij €100,000 Securitas 1.25% 6/3/2025 92 0.00 0.25% 5/6/2024 €100,000 SELP Finance Sarl 1.25% 91 0.00 €500,000 Siemens 445 0.01 25/10/2023 Financieringsmaatschappij € 275,000 SELP Finance Sarl 1.5% 252 0.01 0.25% 20/2/2029 20/11/2025 €300,000 Siemens 272 0.01 € 375,000 SES 1.625% 22/3/2026 340 0.01 Financieringsmaatschappij € 150,000 Shell International Finance 133 0.00 0.3% 28/2/2024 0.125% 8/11/2027 €300,000 Siemens 271 0.01 € 700,000 Shell International Finance 638 0.02 Financieringsmaatschappij 0.375% 15/2/2025 0.375% 6/9/2023 € 225,000 Shell International Finance 197 0.01 €200,000 Siemens 181 0.01 0.5% 8/11/2031 Financieringsmaatschappij €400,000 Shell International Finance 370 0.01 0.375% 5/6/2026 0.75% 15/8/2028 €400,000 Siemens 361 0.01 €300,000 Shell International Finance 254 0.01 Financieringsmaatschappij 0.875% 8/11/2039 0.5% 20/2/2032 €600,000 Shell International Finance 546 0.02 €200,000 Siemens 174 0.01 1% 6/4/2022 Financieringsmaatschappij €800,000 Shell International Finance 745 0.03 0.5% 5/9/2034 1.125% 7/4/2024 €400,000 Siemens 376 0.01 €250,000 Shell International Finance 239 0.01 Financieringsmaatschappij 1.25% 12/5/2028 0.9% 28/2/2028 €500,000 Shell International Finance 470 0.02 €300,000 Siemens 285 0.01 1.25% 11/11/2032 Financieringsmaatschappij €700,000 Shell International Finance 681 0.02 1% 6/9/2027 1.5% 7/4/2028 €375,000 Siemens 368 0.01 €500,000 Shell International Finance 490 0.02 Financieringsmaatschappij 1.875% 15/9/2025 1.375% 6/9/2030 €500,000 Shell International Finance 501 0.02 €200,000 Siemens 204 0.01 1.875% 7/4/2032 Financieringsmaatschappij €250,000 Shell International Finance 255 0.01 1.75% 28/2/2039 2.5% 24/3/2026 €125,000 Sigma Alimentos de 2.625% 115 0.00 7/2/2024

225 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€250,000 Signify 2.375% 11/5/2027 232 0.01 €500,000 Societe Generale 1% 453 0.02 €100,000 Sika Capital 0.875% 93 0.00 1/4/2022 29/4/2027 €500,000 Societe Generale 1.125% 457 0.02 €300,000 Sika Capital 1.5% 29/4/2031 289 0.01 23/1/2025 €500,000 Simon International Finance 447 0.01 €400,000 Societe Generale 1.125% 363 0.01 1.25% 13/5/2025 21/4/2026 €300,000 Skandinaviska Enskilda 269 0.01 €800,000 Societe Generale 1.25% 731 0.02 Banken 0.05% 1/7/2024 15/2/2024 €800,000 Skandinaviska Enskilda 721 0.02 €200,000 Societe Generale 1.375% 185 0.01 Banken 0.25% 19/5/2023 13/1/2028 €425,000 Skandinaviska Enskilda 380 0.01 €200,000 Societe Generale 1.375% 180 0.01 Banken 0.375% 11/2/2027 23/2/2028 €500,000 Skandinaviska Enskilda 454 0.02 €300,000 Societe Generale 1.75% 286 0.01 Banken 0.5% 13/3/2023 22/3/2029 €200,000 Skandinaviska Enskilda 181 0.01 €500,000 Societe Generale 2.125% 489 0.02 Banken 0.625% 12/11/2029 27/9/2028 €300,000 Skandinaviska Enskilda 271 0.01 €400,000 Societe Generale 2.5% 363 0.01 Banken 0.75% 24/8/2021 16/9/2026 €175,000 Skandinaviska Enskilda 159 0.01 €800,000 Societe Generale 2.625% 772 0.03 Banken 1.375% 31/10/2028 27/2/2025 €300,000 SKF 0.875% 15/11/2029 272 0.01 €200,000 Societe Generale 4% 196 0.01 €150,000 SKF 1.25% 17/9/2025 140 0.00 7/6/2023 € €300,000 Sky 1.875% 24/11/2023 284 0.01 500,000 Societe Generale 4.25% 481 0.02 13/7/2022 €225,000 Smiths 1.25% 28/4/2023 203 0.01 €625,000 Sodexo 0.5% 17/1/2024 564 0.02 €100,000 Smiths 2% 23/2/2027 94 0.00 €500,000 Sodexo 0.75% 27/4/2025 456 0.02 €525,000 Snam 0.875% 25/10/2026 488 0.02 €450,000 Sodexo 0.75% 14/4/2027 407 0.01 €125,000 Snam 1% 18/9/2023 115 0.00 €100,000 Sodexo 1.125% 22/5/2025 92 0.00 €125,000 Snam 1% 12/9/2034 115 0.00 €100,000 Sodexo 2.5% 24/6/2026 100 0.00 €600,000 Snam 1.25% 25/1/2025Ø 563 0.02 €200,000 Sogecap 4.125% Perpetual 194 0.01 €250,000 Snam 1.25% 28/8/2025 235 0.01 18/2/2169 €200,000 Societe Fonciere Lyonnaise 185 0.01 €600,000 Solvay 2.75% 2/12/2027 609 0.02 1.5% 5/6/2027 €300,000 Southern Power 1.85% 290 0.01 €100,000 Societe Fonciere Lyonnaise 92 0.00 20/6/2026 2.25% 16/11/2022 €300,000 SpareBank 1 SMN 0.125% 265 0.01 €400,000 Societe Generale 0% 357 0.01 11/9/2026 27/5/2022 €350,000 SpareBank 1 SMN 0.75% €100,000 Societe Generale 0.125% 89 0.00 315 0.01 8/6/2021Ø 24/2/2026 € €500,000 Societe Generale 0.25% 449 0.02 100,000 SpareBank 1 SR-Bank 90 0.00 18/1/2022 0.625% 25/3/2024 € €200,000 Societe Generale 0.5% 179 0.01 300,000 SSE 0.875% 6/9/2025 277 0.01 € 13/1/2023 250,000 SSE 1.25% 16/4/2025 234 0.01 € €200,000 Societe Generale 0.75% 182 0.01 225,000 SSE 1.75% 8/9/2023 212 0.01 26/5/2023 €225,000 SSE 1.75% 16/4/2030 220 0.01 €300,000 Societe Generale 0.75% 266 0.01 €275,000 SSE 3.125% Perpetual 254 0.01 25/1/2027 14/7/2169 €600,000 Societe Generale 0.875% 539 0.02 €625,000 Standard Chartered 0.75% 561 0.02 1/7/2026 3/10/2023 €300,000 Societe Generale 0.875% 265 0.01 €500,000 Standard Chartered 0.9% 448 0.02 24/9/2029 2/7/2027

BlackRock Collective Investment Funds 226 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€125,000 Standard Chartered 1.625% 117 0.00 €150,000 Svenska Handelsbanken 136 0.00 3/10/2027 0.375% 3/7/2023 €250,000 Standard Chartered 2.5% 231 0.01 €300,000 Svenska Handelsbanken 268 0.01 9/9/2030 0.5% 18/2/2030 €500,000 Standard Chartered 3.625% 478 0.02 €400,000 Svenska Handelsbanken 374 0.01 23/11/2022 1% 15/4/2025 €125,000 Stockland Trust 1.625% 111 0.00 €325,000 Svenska Handelsbanken 295 0.01 27/4/2026 1.25% 2/3/2028 €300,000 Stora Enso 2.5% 21/3/2028Ø 290 0.01 €500,000 Svenska Handelsbanken 471 0.02 €125,000 Stryker 0.25% 3/12/2024 112 0.00 2.625% 23/8/2022 €225,000 Stryker 0.75% 1/3/2029 202 0.01 €250,000 Svenska Handelsbanken 235 0.01 €150,000 Stryker 1% 3/12/2031 135 0.00 4.375% 20/10/2021 € €325,000 Stryker 1.125% 30/11/2023 300 0.01 600,000 Swedbank 0.25% 7/11/2022 539 0.02 € €300,000 Stryker 2.125% 30/11/2027 299 0.01 600,000 Swedbank 0.3% 6/9/2022 540 0.02 € €250,000 Stryker 2.625% 30/11/2030 262 0.01 600,000 Swedbank 0.75% 5/5/2025 552 0.02 € €500,000 Sudzucker International 450 0.02 500,000 Swedbank 1% 22/11/2027 447 0.01 Finance 1.25% 29/11/2023 €175,000 Swedish Match 0.875% 158 0.00 €400,000 Suez 0.5% 14/10/2031 352 0.01 23/9/2024 € €200,000 Suez 1% 3/4/2025 185 0.01 200,000 Swiss Re Finance 191 0.01 Luxembourg 2.534% €500,000 Suez 1.25% 2/4/2027 471 0.02 30/4/2050 €200,000 Suez 1.25% 14/5/2035 185 0.01 €200,000 Swiss Re Finance UK 185 0.01 €100,000 Suez 1.5% 3/4/2029 97 0.00 1.375% 27/5/2023 €200,000 Suez 1.625% 17/9/2030 197 0.01 €200,000 Sydbank 1.375% 18/9/2023 182 0.01 €200,000 Suez 1.625% 21/9/2032 198 0.01 €200,000 Sydney Airport Finance Pty 184 0.01 € 300,000 Suez 1.625% Perpetual 263 0.01 1.75% 26/4/2028 12/9/2168 €300,000 Sydney Airport Finance Pty 284 0.01 € 100,000 Suez 1.75% 10/9/2025 96 0.00 2.75% 23/4/2024 € 100,000 Suez 2.5% Perpetual 91 0.00 €725,000 Takeda Pharmaceutical 659 0.02 30/3/2169 0.75% 9/7/2027 € 100,000 Suez 2.75% 9/10/2023 97 0.00 €550,000 Takeda Pharmaceutical 2% 517 0.02 € 100,000 Suez 2.875% Perpetual 93 0.00 9/7/2040 19/4/2169 €300,000 Takeda Pharmaceutical 297 0.01 € 500,000 Suez 4.125% 24/6/2022 482 0.02 2.25% 21/11/2026 € 400,000 Sumitomo Mitsui Financial 357 0.01 €600,000 Takeda Pharmaceutical 3% 644 0.02 0.632% 23/10/2029 21/11/2030 € 875,000 Sumitomo Mitsui Financial 799 0.03 €300,000 Talanx 2.25% 5/12/2047 279 0.01 0.819% 23/7/2023 €100,000 Talanx 2.5% 23/7/2026 102 0.00 € 800,000 Sumitomo Mitsui Financial 736 0.02 €100,000 Talanx Finanz Luxembourg 102 0.00 0.934% 11/10/2024 8.3673% 15/6/2042 € 200,000 Sumitomo Mitsui Financial 192 0.01 €500,000 Talent Yield Euro 1.3% 450 0.02 1.413% 14/6/2027 21/4/2022 € 100,000 Sumitomo Mitsui Financial 96 0.00 €300,000 Tauron Polska Energia 269 0.01 1.546% 15/6/2026 2.375% 5/7/2027 € 250,000 Svenska Handelsbanken 221 0.01 €200,000 TDF Infrastructure SASU 186 0.01 0.05% 3/9/2026 2.5% 7/4/2026 € 500,000 Svenska Handelsbanken 450 0.02 €125,000 Tele2 1.125% 15/5/2024 115 0.00 0.125% 18/6/2024 €200,000 Tele2 2.125% 15/5/2028 196 0.01 €500,000 Svenska Handelsbanken 450 0.02 €500,000 Telefonica 443 0.01 0.25% 28/2/2022 Emisiones 0.664% 3/2/2030

227 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€100,000 Telefonica Emisiones 0.75% 91 0.00 €300,000 Telia 3.625% 14/2/2024 301 0.01 13/4/2022 €150,000 Telia 3.875% 1/10/2025 158 0.00 €500,000 Telefonica 462 0.02 €200,000 Telia 4% 22/3/2022 189 0.01 Emisiones 1.069% 5/2/2024 €500,000 Telstra 1% 23/4/2030 467 0.02 € 400,000 Telefonica 375 0.01 €300,000 Telstra 1.125% 14/4/2026 282 0.01 Emisiones 1.201% €125,000 Telstra 1.375% 26/3/2029 121 0.00 21/8/2027 €100,000 Telstra 2.5% 15/9/2023 96 0.00 €200,000 Telefonica 190 0.01 €300,000 Telstra 3.5% 21/9/2022 287 0.01 Emisiones 1.447% € 22/1/2027 500,000 Terega 4.339% 7/7/2021 462 0.02 € €1,500,000 Telefonica Emisiones 1.46% 1,427 0.05 100,000 Terega SASU 0.625% 85 0.00 13/4/2026 27/2/2028 € €1,000,000 Telefonica 967 0.03 500,000 Terna Rete Elettrica 452 0.02 Emisiones 1.807% Nazionale 0.875% 2/2/2022 € 21/5/2032Ø 100,000 Terna Rete Elettrica 93 0.00 Nazionale 1% 10/4/2026 €100,000 Telefonica 92 0.00 € Emisiones 1.864% 200,000 Terna Rete Elettrica 189 0.01 Ø 13/7/2040 Nazionale 1% 11/10/2028 € €200,000 Telefonica Emisiones 1.93% 199 0.01 500,000 Terna Rete Elettrica 482 0.02 17/10/2031 Nazionale 1.375% 26/7/2027 €250,000 Telefonica 241 0.01 € Emisiones 1.957% 1/7/2039 250,000 Terna Rete Elettrica 229 0.01 Nazionale 4.75% 15/3/2021 €300,000 Telefonica 279 0.01 € Emisiones 2.242% 100,000 Terna Rete Elettrica 107 0.00 27/5/2022 Nazionale 4.9% 28/10/2024 € €300,000 Telefonica 308 0.01 150,000 Tesco 5.125% 10/4/2047 189 0.01 Emisiones 2.318% €275,000 Tesco Corporate Treasury 249 0.01 17/10/2028 Services 0.875% 29/5/2026 €300,000 Telefonica 324 0.01 €100,000 Tesco Corporate Treasury 92 0.00 Emisiones 2.932% Services 1.375% 17/10/2029 24/10/2023 €500,000 Telefonica 490 0.02 €200,000 Tesco Corporate Treasury 193 0.01 Emisiones 3.987% Services 2.5% 1/7/2024 23/1/2023 €600,000 Thales 0% 31/5/2022 536 0.02 €400,000 Telekom 386 0.01 €300,000 Thales 0.75% 23/1/2025 274 0.01 Finanzmanagement 1.5% €100,000 Thales 1% 15/5/2028 92 0.00 7/12/2026 €300,000 Thermo Fisher Scientific 267 0.01 €100,000 Telekom 93 0.00 0.125% 1/3/2025 Finanzmanagement 3.125% €275,000 Thermo Fisher Scientific 246 0.01 3/12/2021 0.5% 1/3/2028 € 500,000 Telekom 475 0.02 €200,000 Thermo Fisher Scientific 183 0.01 Finanzmanagement 4% 0.75% 12/9/2024 4/4/2022 €250,000 Thermo Fisher Scientific 225 0.01 € 300,000 Teleperformance 1.5% 276 0.01 0.875% 1/10/2031 3/4/2024 €500,000 Thermo Fisher Scientific 482 0.02 € 100,000 Teleperformance 1.875% 95 0.00 1.375% 12/9/2028 2/7/2025 €150,000 Thermo Fisher Scientific 144 0.00 € 300,000 Telia 1.375% 11/5/2081 264 0.01 1.45% 16/3/2027 € 175,000 Telia 1.625% 23/2/2035 166 0.01 €300,000 Thermo Fisher Scientific 274 0.01 €125,000 Telia 2.125% 20/2/2034 126 0.00 1.5% 1/10/2039 €175,000 Telia 3% 4/4/2078 162 0.01

BlackRock Collective Investment Funds 228 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€300,000 Thermo Fisher Scientific 275 0.01 €400,000 Total Capital International 408 0.01 1.875% 1/10/2049 1.994% 8/4/2032 €175,000 Thermo Fisher Scientific 174 0.01 €300,000 Total Capital International 305 0.01 1.95% 24/7/2029 2.5% 25/3/2026 €200,000 Thermo Fisher Scientific 2% 194 0.01 €300,000 Total Capital International 308 0.01 15/4/2025 2.875% 19/11/2025 €400,000 Thermo Fisher Scientific 411 0.01 €300,000 Toyota Finance Australia 270 0.01 2.375% 15/4/2032 0.25% 9/4/2024 €500,000 Tikehau Capital 2.25% 444 0.01 €500,000 Toyota Finance Australia 453 0.02 14/10/2026 0.5% 6/4/2023 €1,300,000 Toronto-Dominion Bank/The 1,185 0.04 €500,000 Toyota Finance Australia 459 0.02 0.625% 20/7/2023 1.584% 21/4/2022 €950,000 TOTAL 1.75% Perpetual 858 0.03 €500,000 Toyota Finance Australia 481 0.02 4/4/2169 2.004% 21/10/2024 €125,000 TOTAL 2% Perpetual 112 0.00 €200,000 Toyota Finance Australia 202 0.01 4/9/2169 2.28% 21/10/2027 €450,000 TOTAL 2.625% Perpetual 421 0.01 €500,000 Toyota Motor Credit 0.625% 456 0.02 26/2/2169 21/11/2024 €825,000 TOTAL 2.708% Perpetual 765 0.03 €500,000 Toyota Motor Credit 0.75% 453 0.02 5/5/2169 21/7/2022 €200,000 TOTAL 3.369% Perpetual 197 0.01 €100,000 Toyota Motor Credit 2.375% 95 0.00 6/10/2168 1/2/2023 €775,000 TOTAL 3.875% Perpetual 726 0.02 €175,000 Transmission Finance DAC 162 0.01 18/5/2169 1.5% 24/5/2023 €50,000 Total Capital 3.125% 47 0.00 €250,000 Transurban Finance Pty 225 0.01 16/9/2022 1.45% 16/5/2029 €500,000 Total Capital 5.125% 530 0.02 €125,000 Transurban Finance Pty 116 0.00 26/3/2024 1.75% 29/3/2028 €500,000 Total Capital Canada 519 0.02 €150,000 Transurban Finance Pty 140 0.00 2.125% 18/9/2029 1.875% 16/9/2024 €400,000 Total Capital International 361 0.01 €250,000 Transurban Finance Pty 2% 234 0.01 0.25% 12/7/2023 28/8/2025 €200,000 Total Capital International 184 0.01 €200,000 Transurban Finance Pty 3% 201 0.01 0.696% 31/5/2028 8/4/2030 €400,000 Total Capital International 371 0.01 €625,000 Tyco Electronics 0% 545 0.02 0.75% 12/7/2028 14/2/2025 €200,000 Total Capital International 186 0.01 €225,000 Tyco Electronics 1.1% 206 0.01 0.952% 18/5/2031 1/3/2023 €200,000 Total Capital International 188 0.01 €950,000 UBS 0.25% 29/1/2026 846 0.03 1.023% 4/3/2027 €400,000 UBS 1.25% 17/4/2025 371 0.01 €200,000 Total Capital International 190 0.01 €450,000 UBS 1.25% 1/9/2026 424 0.01 1.375% 19/3/2025 €200,000 UBS 1.5% 30/11/2024 186 0.01 € 500,000 Total Capital International 488 0.02 €250,000 UBS 1.75% 16/11/2022 232 0.01 1.375% 4/10/2029Ø €250,000 UBS 2.125% 4/3/2024 239 0.01 € 900,000 Total Capital International 868 0.03 €500,000 UBS AG/London 0.125% 448 0.01 1.491% 8/4/2027 5/11/2021 € 100,000 Total Capital International 99 0.00 €500,000 UBS AG/London 0.25% 449 0.02 1.491% 4/9/2030 10/1/2022 € 500,000 Total Capital International 478 0.02 €1,000,000 UBS AG/London 0.75% 911 0.03 1.618% 18/5/2040 21/4/2023

229 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€400,000 UBS AG/London 1.25% 363 0.01 €275,000 Unilever 0.875% 31/7/2025 257 0.01 3/9/2021 €250,000 Unilever 1.125% 29/4/2028 242 0.01 €150,000 Unibail-Rodamco-Westfield 135 0.00 €600,000 Unilever 1.25% 25/3/2025 567 0.02 0.875% 21/2/2025 €400,000 Unilever 1.375% 4/9/2030Ø 402 0.01 € 200,000 Unibail-Rodamco-Westfield 164 0.01 €200,000 Unilever 1.5% 11/6/2039 203 0.01 0.875% 29/3/2032 €250,000 Unilever 1.625% 12/2/2033 258 0.01 €100,000 Unibail-Rodamco-Westfield 91 0.00 €900,000 Unilever 1.75% 25/3/2030 916 0.03 1% 14/3/2025 €300,000 Unione di Banche Italiane 270 0.01 €500,000 Unibail-Rodamco-Westfield 445 0.01 0.75% 17/10/2022 1% 27/2/2027 €300,000 Unione di Banche Italiane 275 0.01 €500,000 Unibail-Rodamco-Westfield 459 0.02 1.5% 10/4/2024 1.375% 9/3/2026 €200,000 UNIQA Insurance 6.875% 206 0.01 €200,000 Unibail-Rodamco-Westfield 179 0.01 31/7/2043 1.375% 15/4/2030 €250,000 United Parcel Service 226 0.01 €275,000 Unibail-Rodamco-Westfield 248 0.01 0.375% 15/11/2023 1.5% 29/5/2029 €200,000 United Parcel Service 1.5% 199 0.01 €300,000 Unibail-Rodamco-Westfield 266 0.01 15/11/2032 1.75% 27/2/2034 €300,000 United Parcel Service 290 0.01 €200,000 Unibail-Rodamco-Westfield 160 0.01 1.625% 15/11/2025 1.75% 1/7/2049 €300,000 Upjohn Finance 0.816% 271 0.01 €200,000 Unibail-Rodamco-Westfield 184 0.01 23/6/2022 1.875% 15/1/2031 €500,000 Upjohn Finance 1.023% 456 0.02 €175,000 Unibail-Rodamco-Westfield 157 0.00 23/6/2024 2% 29/5/2037Ø €100,000 Upjohn Finance 1.362% 92 0.00 € 300,000 Unibail-Rodamco-Westfield 283 0.01 23/6/2027 2.125% 9/4/2025 €100,000 Upjohn Finance 1.908% 95 0.00 € 300,000 Unibail-Rodamco-Westfield 239 0.01 23/6/2032 2.125% Perpetual €200,000 US Bancorp 0.85% 183 0.01 25/10/2168Ø 7/6/2024 €125,000 Unibail-Rodamco-Westfield 118 0.00 €400,000 Veolia Environnement 360 0.01 2.5% 26/2/2024 0.314% 4/10/2023 €400,000 Unibail-Rodamco-Westfield 388 0.01 €600,000 Veolia Environnement 536 0.02 2.5% 4/6/2026 0.664% 15/1/2031 €500,000 Unibail-Rodamco-Westfield 492 0.02 €200,000 Veolia Environnement 180 0.01 2.625% 9/4/2030 0.672% 30/3/2022 €300,000 Unibail-Rodamco-Westfield 235 0.01 €100,000 Veolia Environnement 0.8% 90 0.00 2.875% Perpetual 25/4/2169 15/1/2032 €500,000 UniCredit 0.5% 9/4/2025 440 0.01 €200,000 Veolia Environnement 183 0.01 € 250,000 UniCredit 1% 18/1/2023 224 0.01 0.892% 14/1/2024 € 500,000 UniCredit 1.25% 25/6/2025 451 0.02 €300,000 Veolia Environnement 277 0.01 € 300,000 UniCredit 1.625% 3/7/2025 267 0.01 0.927% 4/1/2029 € 250,000 UniCredit 1.8% 20/1/2030 219 0.01 €100,000 Veolia Environnement 1.25% 95 0.00 Ø €250,000 UniCredit 2% 4/3/2023 233 0.01 15/4/2028 €700,000 UniCredit 2.125% 669 0.02 €300,000 Veolia Environnement 288 0.01 Ø 24/10/2026 1.496% 30/11/2026 €600,000 UniCredit 2.2% 22/7/2027 533 0.02 €100,000 Veolia Environnement 115 0.00 €200,000 UniCredit Leasing IFN 178 0.01 4.625% 30/3/2027 0.502% 18/10/2022 €200,000 Veolia Environnement 195 0.01 €150,000 Unilever 0.5% 3/2/2022 135 0.00 5.125% 24/5/2022 €800,000 Unilever 0.5% 12/8/2023 729 0.02

BlackRock Collective Investment Funds 230 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€250,000 Veolia Environnement 372 0.01 €300,000 Vivendi 1.125% 11/12/2028 278 0.01 6.125% 25/11/2033 €500,000 Vodafone 0.375% 449 0.02 €500,000 Verizon Communications 462 0.02 22/11/2021 0.875% 8/4/2027 €400,000 Vodafone 0.9% 24/11/2026 372 0.01 €500,000 Verizon Communications 450 0.02 €500,000 Vodafone 1.125% 469 0.02 0.875% 19/3/2032 20/11/2025 €400,000 Verizon Communications 377 0.01 €300,000 Vodafone 1.6% 29/7/2031 291 0.01 1.25% 8/4/2030 €300,000 Vodafone 1.625% 293 0.01 €700,000 Verizon Communications 652 0.02 24/11/2030 1.3% 18/5/2033 €350,000 Vodafone 1.75% 25/8/2023 329 0.01 € 500,000 Verizon Communications 477 0.02 €500,000 Vodafone 1.875% 11/9/2025 484 0.02 1.375% 27/10/2026 €300,000 Vodafone 1.875% 302 0.01 € 350,000 Verizon Communications 336 0.01 20/11/2029 1.375% 2/11/2028 €225,000 Vodafone 2.2% 25/8/2026 225 0.01 €400,000 Verizon Communications 379 0.01 €300,000 Vodafone 2.5% 24/5/2039 304 0.01 1.625% 1/3/2024 €400,000 Vodafone 2.875% 429 0.01 €275,000 Verizon Communications 274 0.01 20/11/2037 1.875% 26/10/2029 €400,000 Vodafone 4.65% 20/1/2022 381 0.01 €200,000 Verizon Communications 215 0.01 €600,000 Volkswagen Bank 0.625% 538 0.02 2.625% 1/12/2031 8/9/2021 €800,000 Verizon Communications 884 0.03 €300,000 Volkswagen Bank 1.875% 278 0.01 2.875% 15/1/2038 31/1/2024 €425,000 Verizon Communications 443 0.01 €300,000 Volkswagen Bank 2.5% 290 0.01 3.25% 17/2/2026 31/7/2026 €500,000 Vesteda Finance 2% 478 0.02 €800,000 Volkswagen Financial 718 0.02 10/7/2026 Services 0.625% 1/4/2022 €225,000 VF 0.25% 25/2/2028 195 0.01 €300,000 Volkswagen Financial 270 0.01 €250,000 VF 0.625% 20/9/2023 226 0.01 Services 0.875% 12/4/2023 €200,000 VF 0.625% 25/2/2032 169 0.01 €400,000 Volkswagen Financial 365 0.01 € 275,000 Vicinity Centres Trust 234 0.01 Services 1.375% 1.125% 7/11/2029 16/10/2023 € 125,000 Vienna Insurance Wiener 123 0.00 €100,000 Volkswagen Financial 91 0.00 Versicherung Gruppe Services 1.5% 1/10/2024 3.75% 2/3/2046 €300,000 Volkswagen Financial 287 0.01 € 100,000 Vier Gas Transport 0.125% 88 0.00 Services 2.25% 1/10/2027 10/9/2029 €1,000,000 Volkswagen Financial 936 0.03 € 300,000 Vier Gas Transport 0.5% 258 0.01 Services 2.5% 6/4/2023Ø 10/9/2034 €500,000 Volkswagen Financial 514 0.02 € 100,000 Vier Gas Transport 1.5% 98 0.00 Services 3.375% 6/4/2028 25/9/2028 €500,000 Volkswagen International 451 0.02 € 150,000 Vier Gas Transport 2.875% 153 0.00 Finance 0.875% 16/1/2023 12/6/2025 €500,000 Volkswagen International 455 0.02 € 200,000 Vinci 1% 26/9/2025 188 0.01 Finance 1.125% 2/10/2023 € 300,000 Vinci 1.625% 18/1/2029 297 0.01 €250,000 Volkswagen International 230 0.01 €700,000 Vinci 1.75% 26/9/2030 708 0.02 Finance 1.625% 16/1/2030 €275,000 Virgin Money UK 2.875% 247 0.01 €400,000 Volkswagen International 374 0.01 24/6/2025 Finance 1.875% 30/3/2027 €300,000 Vivendi 0.625% 11/6/2025 273 0.01 €400,000 Volkswagen International 357 0.01 €100,000 Vivendi 0.875% 18/9/2024 92 0.00 Finance 2.5% Perpetual €400,000 Vivendi 1.125% 24/11/2023 369 0.01 20/3/2169

231 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€300,000 Volkswagen International 296 0.01 €100,000 Volvo Treasury 4.85% 93 0.00 Finance 2.625% 16/11/2027 10/3/2078 €200,000 Volkswagen International 179 0.01 €100,000 Vonovia Finance 0.125% 89 0.00 Finance 2.7% Perpetual 6/4/2023 14/12/2168 €300,000 Vonovia Finance 0.5% 263 0.01 €400,000 Volkswagen International 417 0.01 14/9/2029 Finance 3.25% 18/11/2030 €100,000 Vonovia Finance 0.625% 90 0.00 €300,000 Volkswagen International 317 0.01 7/10/2027 Finance 3.3% 22/3/2033 €200,000 Vonovia Finance 0.75% 183 0.01 €800,000 Volkswagen International 720 0.02 15/1/2024 Finance 3.375% Perpetual €100,000 Vonovia Finance 0.875% 91 0.00 27/6/2169 10/6/2022 €900,000 Volkswagen International 791 0.03 €300,000 Vonovia Finance 1.25% 281 0.01 Finance 3.5% Perpetual 6/12/2024 20/3/2169 €600,000 Vonovia Finance 1.5% 570 0.02 €500,000 Volkswagen International 452 0.02 22/3/2026 Finance 3.5% Perpetual €300,000 Vonovia Finance 1.5% 285 0.01 17/6/2169 10/6/2026Ø € 500,000 Volkswagen International 455 0.02 €100,000 Vonovia Finance 1.5% 96 0.00 Finance 3.875% Perpetual 14/1/2028 14/6/2169 €400,000 Vonovia Finance 1.625% 375 0.01 € 500,000 Volkswagen International 451 0.02 7/4/2024 Finance 3.875% Perpetual €200,000 Vonovia Finance 1.625% 182 0.01 17/6/2169 7/10/2039 €400,000 Volkswagen International 464 0.02 €200,000 Vonovia Finance 1.8% 191 0.01 Finance 4.125% 16/11/2038 29/6/2025 €645,000 Volkswagen International 616 0.02 €275,000 Vonovia Finance 2.125% 255 0.01 Finance 4.625% Perpetual 9/7/2022 24/3/2169 €500,000 Vonovia Finance 2.125% 501 0.02 €400,000 Volkswagen International 379 0.01 22/3/2030Ø Finance 4.625% Perpetual €400,000 Vonovia Finance 2.25% 383 0.01 27/6/2169 15/12/2023 €200,000 Volkswagen International 190 0.01 €500,000 Vonovia Finance 2.25% 503 0.02 Finance 5.125% Perpetual 7/4/2030 4/9/2168 €200,000 Vonovia Finance 4% 185 0.01 €175,000 Volkswagen Leasing 0.5% 157 0.00 Perpetual 17/12/2168 20/6/2022 €275,000 Walgreens Boots Alliance 257 0.01 €225,000 Volkswagen Leasing 1% 203 0.01 2.125% 20/11/2026 16/2/2023 €500,000 Walmart 2.55% 8/4/2026 512 0.02 €300,000 Volkswagen Leasing 273 0.01 € 1.375% 20/1/2025 300,000 Walmart 4.875% 21/9/2029 380 0.01 € €250,000 Volkswagen Leasing 1.5% 229 0.01 300,000 Wellcome Trust 1.125% 282 0.01 19/6/2026 21/1/2027 € €175,000 Volkswagen Leasing 161 0.01 400,000 Wells Fargo & 0.5% 358 0.01 1.625% 15/8/2025 26/4/2024 € €700,000 Volkswagen Leasing 643 0.02 400,000 Wells Fargo & 0.625% 342 0.01 2.125% 4/4/2022 14/8/2030 € €80,000 Volkswagen Leasing 76 0.00 450,000 Wells Fargo & 1% 2/2/2027 409 0.01 € 2.625% 15/1/2024 500,000 Wells Fargo & 1.125% 453 0.02 €425,000 Volvo Treasury 1.625% 400 0.01 29/10/2021 € 26/5/2025 975,000 Wells Fargo & 1.338% 893 0.03 4/5/2025

BlackRock Collective Investment Funds 232 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€1,000,000 Wells Fargo & 1.375% 930 0.03 €100,000 Wolters Kluwer 2.5% 97 0.00 26/10/2026 13/5/2024 €500,000 Wells Fargo & 1.5% 459 0.02 €100,000 Wolters Kluwer 2.875% 96 0.00 12/9/2022 21/3/2023 €800,000 Wells Fargo & 1.5% 748 0.03 €500,000 Worldline SA/France 0.5% 451 0.02 24/5/2027 30/6/2023 €150,000 Wells Fargo & 1.625% 141 0.00 €125,000 WP Carey 2% 20/1/2023 115 0.00 2/6/2025 €200,000 WPC Eurobond 2.125% 188 0.01 €475,000 Wells Fargo & 1.741% 446 0.01 15/4/2027 4/5/2030 €500,000 WPC Eurobond 2.25% 473 0.02 €500,000 Wells Fargo & 2% 27/4/2026 481 0.02 19/7/2024 €700,000 Wells Fargo & 2.25% 659 0.02 €150,000 WPP Finance 2.25% 144 0.00 2/5/2023 22/9/2026 €300,000 Wendel 1.375% 26/4/2026 276 0.01 €300,000 WPP Finance 2.375% 286 0.01 €200,000 Wendel 2.5% 9/2/2027 193 0.01 19/5/2027 €300,000 Wendel 2.75% 2/10/2024 291 0.01 €100,000 WPP Finance 2013 3% 97 0.00 €500,000 Wesfarmers 2.75% 2/8/2022 468 0.02 20/11/2023 € €700,000 Westlake Chemical 1.625% 607 0.02 300,000 WPP Finance 2016 1.375% 276 0.01 17/7/2029 20/3/2025 € €100,000 Westpac NZ Ltd/London 90 0.00 150,000 WPP Finance Deutschland 137 0.00 0.3% 25/6/2024 1.625% 23/3/2030 € €200,000 Westpac Banking 0.75% 183 0.01 425,000 Wurth Finance International 393 0.01 17/10/2023 0.75% 22/11/2027 € €400,000 Westpac Banking 0.875% 376 0.01 300,000 Wurth Finance International 279 0.01 17/4/2027 1% 26/5/2025 € €500,000 Westpac Banking 1.125% 477 0.02 100,000 XLIT 3.25% 29/6/2047 99 0.00 5/9/2027 €400,000 Xylem Inc/NY 2.25% 375 0.01 €225,000 Westpac Banking 1.45% 222 0.01 11/3/2023 17/7/2028 €350,000 Yorkshire Building Society 316 0.01 €100,000 Whirlpool EMEA Finance 85 0.00 0.875% 20/3/2023 Sarl 0.5% 20/2/2028 €300,000 Yorkshire Building Society 272 0.01 €200,000 Whirlpool Finance 179 0.01 1.25% 17/3/2022 Luxembourg Sarl 1.1% €250,000 Zimmer Biomet 1.164% 224 0.01 Ø 9/11/2027 15/11/2027 €500,000 Whirlpool Finance 453 0.02 €500,000 Zimmer Biomet 1.414% 452 0.02 Luxembourg Sarl 1.25% 13/12/2022 2/11/2026 €150,000 Zimmer Biomet 2.425% 145 0.00 €250,000 Willow No 2 Ireland for 237 0.01 13/12/2026 Zurich Insurance 3.375% €350,000 Zurich Finance Ireland 349 0.01 27/6/2022 Designated Activity 1.625% €300,000 Wintershall Dea Finance 265 0.01 17/6/2039 0.452% 25/9/2023 €350,000 Zurich Finance Ireland 321 0.01 €400,000 Wintershall Dea Finance 348 0.01 Designated Activity 1.875% 0.84% 25/9/2025 17/9/2050 €200,000 Wintershall Dea Finance 170 0.01 711,078 24.54 1.332% 25/9/2028 €300,000 Wintershall Dea Finance 255 0.01 1.823% 25/9/2031 €150,000 Wolters Kluwer 1.5% 144 0.00 22/3/2027

233 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

JAPANESE YEN − 0.86%; 29.2.2020 0.94% CHF 200,000 BAT International Finance 167 0.01 0.625% 8/9/2021 Japanese Yen Denominated Corporate CHF 300,000 BNZ International Funding 248 0.01 Bonds − 0.20%; 29.2.2020 0.25% Ltd/London 0.111% ¥100,000,000 Australia & New Zealand 705 0.03 24/7/2028 Banking 0.293% 23/1/2024 CHF 200,000 Citigroup 0.5% 1/11/2028 167 0.01 ¥100,000,000 Credit Agricole 0.443% 702 0.02 CHF 100,000 Citigroup 0.75% 2/4/2026 85 0.00 9/6/2022 CHF 200,000 Commonwealth Bank of 170 0.01 ¥250,000,000 International Business 1,746 0.06 Australia 0.4% 25/9/2026 Machines 0.3% 2/11/2026 CHF 500,000 Credit Suisse Funding 423 0.02 ¥105,000,000 Kreditanstalt fuer 1,047 0.04 Guernsey 1% 14/4/2023 Wiederaufbau 2.6% 20/6/2037 CHF 150,000 Deutsche Bank 0.625% 122 0.00 19/12/2023 ¥200,000,000 Panasonic 0.47% 18/9/2026 1,418 0.05 CHF 300,000 Deutsche Telekom 0.435% 248 0.01 5,618 0.20 6/2/2032 CHF 830,000 Eli Lilly and 0.15% 694 0.02 Japanese Yen Denominated Government 24/5/2024 Bonds − 0.66%; 29.2.2020 0.69% CHF 350,000 Glencore Finance Europe 291 0.01 ¥33,000,000 Japan Government Ten Year 235 0.01 1.25% 1/12/2020 Bond 0.1% 20/3/2027 CHF 500,000 Goldman Sachs 0.5% 418 0.01 ¥500,100,000 Japan Government Ten Year 3,549 0.12 4/12/2024 Bond 0.1% 20/3/2029 CHF 100,000 Goldman Sachs 1% 86 0.00 ¥1,338,250,000 Japan Government Ten Year 9,659 0.33 24/11/2025 Bond 0.6% 20/3/2024 CHF 500,000 Henkel & 0.2725% 418 0.01 ¥616,300,000 Japan Government Ten Year 4,343 0.15 28/4/2023 Bond 1% 20/9/2020 CHF 300,000 Jackson National Life Global 243 0.01 ¥195,000,000 Japan Government Ten Year 1,391 0.05 Funding 0.125% 14/7/2028 Bond 1.1% 20/9/2021 CHF 1,000,000 JPMorgan Chase & 0.5% 846 0.03 19,177 0.66 4/12/2023 CHF 400,000 LafargeHolcim 3% 351 0.01 NEW ZEALAND DOLLAR − 0.01%; 29.2.2020 0.01% 22/11/2022 New Zealand Dollar Denominated Corporate CHF 200,000 New York Life Global 166 0.01 Bonds − 0.01%; 29.2.2020 0.01% Funding 0.25% 18/10/2027 NZD 300,000 Westpac New Zealand 161 0.01 CHF 400,000 Novartis 0.625% 13/11/2029 348 0.01 2.22% 29/7/2024 CHF 200,000 Philip Morris International 169 0.01 2% 6/12/2021 SWISS FRANC − 0.34%; 29.2.2020 0.35% CHF 200,000 Shell International Finance 175 0.01 Swiss Franc Denominated Corporate 0.875% 21/8/2028 Bonds − 0.34%; 29.2.2020 0.35% CHF 500,000 Verizon Communications 419 0.01 CHF 300,000 ABB 2.25% 11/10/2021 255 0.01 0.375% 31/5/2023 CHF 800,000 Apple 0.375% 25/11/2024 683 0.02 CHF 150,000 Verizon Communications 1% 129 0.00 CHF 200,000 Apple 0.75% 25/2/2030 177 0.01 30/11/2027 CHF 200,000 AT&T 1.375% 4/12/2024 174 0.01 CHF 1,000,000 Vodafone 0.375% 3/12/2024 839 0.03 CHF 1,050,000 Banco Santander 0.75% 877 0.03 9,887 0.34 12/6/2023 CHF 100,000 Bank of America 0.2525% 83 0.00 US DOLLAR − 68.56%; 29.2.2020 69.00% 12/6/2026 US Dollar Denominated Corporate CHF 500,000 Bank of Montreal 0.05% 416 0.01 Bonds − 68.56%; 29.2.2020 69.00% 30/12/2022 $500,000 3M 1.75% 14/2/2023 386 0.01 $500,000 3M 2% 26/6/2022 385 0.01

BlackRock Collective Investment Funds 234 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$900,000 3M 3% 7/8/2025 749 0.03 $500,000 AbbVie 3.85% 15/6/2024 412 0.01 $900,000 3M 3.05% 15/4/2030 766 0.03 $1,000,000 AbbVie 4.05% 21/11/2039 874 0.03 $200,000 3M 3.125% 19/9/2046 164 0.01 $500,000 AbbVie 4.25% 14/11/2028 445 0.02 $500,000 3M 3.375% 1/3/2029 430 0.01 $500,000 AbbVie 4.25% 14/11/2028 445 0.02 $400,000 3M 3.625% 14/9/2028 349 0.01 $1,875,000 AbbVie 4.25% 21/11/2049 1,690 0.06 $250,000 3M 3.625% 15/10/2047 218 0.01 $300,000 AbbVie 4.3% 14/5/2036 268 0.01 $400,000 3M 3.7% 15/4/2050 363 0.01 $1,000,000 AbbVie 4.4% 6/11/2042 903 0.03 $150,000 3M 3.875% 15/6/2044 137 0.00 $400,000 AbbVie 4.45% 14/5/2046 362 0.01 $300,000 3M 4% 14/9/2048 284 0.01 $700,000 AbbVie 4.5% 14/5/2035 646 0.02 $900,000 ABB Finance USA 3.8% 796 0.03 $500,000 AbbVie 4.55% 15/3/2035 467 0.02 3/4/2028 $300,000 AbbVie 4.625% 1/10/2042 276 0.01 $200,000 ABB Finance USA 4.375% 192 0.01 $750,000 AbbVie 4.7% 14/5/2045 700 0.02 8/5/2042 $500,000 AbbVie 4.85% 15/6/2044 470 0.02 $1,000,000 Abbott Laboratories 1.4% 759 0.03 $550,000 AbbVie 4.85% 15/6/2044 517 0.02 30/6/2030 $326,000 AbbVie 4.875% 15/2/2021 246 0.01 $300,000 Abbott Laboratories 2.55% 232 0.01 $700,000 AbbVie 4.875% 14/11/2048 676 0.02 15/3/2022 $500,000 AbbVie 5% 15/12/2021 390 0.01 $500,000 Abbott Laboratories 2.95% 410 0.01 $500,000 ABN AMRO Bank 3.4% 384 0.01 15/3/2025 27/8/2021 $350,000 Abbott Laboratories 3.4% 286 0.01 $600,000 ABN AMRO Bank 4.4% 474 0.02 30/11/2023 27/3/2028Ø $284,000 Abbott Laboratories 3.75% 248 0.01 $300,000 ABN AMRO Bank 4.75% 253 0.01 30/11/2026 28/7/2025 $100,000 Abbott Laboratories 3.875% 85 0.00 $200,000 ABN AMRO Bank 4.8% 171 0.01 15/9/2025 18/4/2026 $400,000 Abbott Laboratories 4.75% 405 0.01 $600,000 ABN AMRO Bank 4.8% 513 0.02 30/11/2036 18/4/2026 $500,000 Abbott Laboratories 4.75% 506 0.02 $400,000 ABN AMRO Bank 6.25% 322 0.01 30/11/2036 27/4/2022 $300,000 Abbott Laboratories 4.75% 310 0.01 $450,000 ABQ Finance 3.5% 340 0.01 15/4/2043 22/2/2022 $1,000,000 Abbott Laboratories 4.9% 1,071 0.04 $194,960 ABY Transmision Sur 190 0.01 30/11/2046 6.875% 30/4/2043 $300,000 Abbott Laboratories 5.3% 329 0.01 $500,000 Activision Blizzard 1.35% 366 0.01 27/5/2040 15/9/2030 $500,000 AbbVie 2.15% 19/11/2021 381 0.01 $500,000 Activision Blizzard 2.5% 349 0.01 $1,500,000 AbbVie 2.3% 21/11/2022 1,164 0.04 15/9/2050 $950,000 AbbVie 2.6% 21/11/2024 760 0.03 $275,000 Activision Blizzard 3.4% 234 0.01 $250,000 AbbVie 2.85% 14/5/2023 197 0.01 15/6/2027 $700,000 AbbVie 2.9% 6/11/2022 550 0.02 $125,000 Activision Blizzard 4.5% 121 0.00 $1,500,000 AbbVie 2.95% 21/11/2026 1,232 0.04 15/6/2047 $450,000 AbbVie 3.2% 14/5/2026 374 0.01 $300,000 Acwa Power Management 249 0.01 $1,950,000 AbbVie 3.2% 21/11/2029 1,613 0.06 And Investments One 5.95% $1,000,000 AbbVie 3.25% 1/10/2022 783 0.03 15/12/2039 $500,000 AbbVie 3.375% 15/9/2020 374 0.01 $300,000 Adani Electricity Mumbai 223 0.01 $750,000 AbbVie 3.45% 15/3/2022 583 0.02 3.949% 12/2/2030 $1,200,000 AbbVie 3.6% 14/5/2025 1,000 0.03 $400,000 Adani Ports & Special 306 0.01 Economic Zone 4.2% $500,000 AbbVie 3.75% 14/11/2023 410 0.01 4/8/2027 $500,000 AbbVie 3.8% 15/3/2025 418 0.01

235 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Adani Ports & Special 381 0.01 $150,000 Aetna 6.75% 15/12/2037 162 0.01 Economic Zone 4.375% $1,000,000 Aflac 3.25% 17/3/2025 835 0.03 3/7/2029 $500,000 Aflac 3.6% 1/4/2030 438 0.02 $298,500 Adani Transmission 4.25% 223 0.01 $200,000 Aflac 4% 15/10/2046 175 0.01 21/5/2036 $175,000 Agilent Technologies 3.05% 144 0.01 $300,000 Adobe 1.7% 1/2/2023 232 0.01 22/9/2026 $500,000 Adobe 1.9% 1/2/2025 395 0.01 $500,000 AIA 3.375% 7/4/2030 419 0.01 $500,000 Adobe 2.15% 1/2/2027 402 0.01 $500,000 AIA 3.6% 9/4/2029 421 0.01 $500,000 Adobe 2.3% 1/2/2030 403 0.01 $300,000 AIA 4.875% 11/3/2044Ø 294 0.01 $300,000 Advance Auto Parts 3.9% 247 0.01 $500,000 AIB 4.263% 10/4/2025 405 0.01 15/4/2030 $150,000 AIG SunAmerica Global 170 0.01 $115,000 Advocate Health & 91 0.00 Financing X 6.9% 15/3/2032 Hospitals 3.008% 15/6/2050 $395,686 Air Canada 2015-1 Class A 272 0.01 $250,000 Advocate Health & 209 0.01 Pass Through Trust 3.6% Hospitals 3.387% 15/9/2028 15/10/2049 $600,000 Air Lease 2.25% 15/1/2023 450 0.02 $400,000 Aegon 5.5% 11/4/2048Ø 333 0.01 $800,000 Air Lease 2.875% 15/1/2026 592 0.02 $200,000 AEP Texas 3.45% 15/1/2050 165 0.01 $500,000 Air Lease 3.5% 15/1/2022 382 0.01 $500,000 AEP Texas 3.95% 1/6/2028 434 0.02 $1,300,000 Air Lease 3.625% 1/4/2027 973 0.03 $500,000 AEP Transmission 3.75% 444 0.02 $500,000 Air Lease 3.75% 1/2/2022 382 0.01 1/12/2047 $500,000 Air Lease 4.25% 15/9/2024 390 0.01 $200,000 AEP Transmission 4% 184 0.01 $250,000 Air Liquide Finance 1.75% 189 0.01 1/12/2046 27/9/2021 $500,000 AerCap Ireland Capital DAC 372 0.01 $200,000 Air Liquide Finance 2.25% 156 0.01 / AerCap Global Aviation 27/9/2023 Trust 3.3% 23/1/2023 $300,000 Air Liquide Finance 2.25% 238 0.01 $1,000,000 AerCap Ireland Capital DAC 751 0.03 10/9/2029 / AerCap Global Aviation Trust 3.5% 26/5/2022 $450,000 Air Liquide Finance 2.5% 367 0.01 27/9/2026 $400,000 AerCap Ireland Capital DAC 279 0.01 / AerCap Global Aviation $200,000 Air Liquide Finance 3.5% 178 0.01 Trust 3.65% 21/7/2027Ø 27/9/2046 $500,000 Air Products and Chemicals 394 0.01 $500,000 AerCap Ireland Capital DAC 378 0.01 1.85% 15/5/2027 / AerCap Global Aviation Trust 3.95% 1/2/2022 $500,000 Air Products and Chemicals 400 0.01 2.7% 15/5/2040 $400,000 AerCap Ireland Capital DAC 301 0.01 / AerCap Global Aviation $300,000 Air Products and Chemicals 238 0.01 Trust 4.45% 3/4/2026 2.8% 15/5/2050 $500,000 AerCap Ireland Capital DAC 384 0.01 $250,000 Air Products and Chemicals 192 0.01 / AerCap Global Aviation 3% 3/11/2021 Trust 4.875% 16/1/2024 $300,000 Airbus 3.95% 10/4/2047 255 0.01 $500,000 AerCap Ireland Capital DAC 406 0.01 $300,000 Airbus Finance 2.7% 234 0.01 / AerCap Global Aviation 17/4/2023 Trust 6.5% 15/7/2025 $1,000,000 Aircastle 4.4% 25/9/2023 742 0.03 $500,000 AES 3.3% 15/7/2025 401 0.01 $300,000 Aker BP 3% 15/1/2025 226 0.01 $400,000 Aetna 2.75% 15/11/2022 312 0.01 $300,000 Aker BP 3.75% 15/1/2030 223 0.01 $700,000 Aetna 2.8% 15/6/2023 551 0.02 $400,000 Alabama Power 3.45% 343 0.01 $500,000 Aetna 3.875% 15/8/2047 436 0.02 1/10/2049 $200,000 Aetna 4.5% 15/5/2042 179 0.01 $300,000 Alabama Power 3.7% 267 0.01 $300,000 Aetna 4.75% 15/3/2044 279 0.01 1/12/2047 $150,000 Aetna 6.625% 15/6/2036 162 0.01

BlackRock Collective Investment Funds 236 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 Alabama Power 3.75% 176 0.01 $250,000 Alimentation Couche-Tard 202 0.01 1/3/2045 3.8% 25/1/2050 $150,000 Alabama Power 3.85% 133 0.00 $100,000 Alimentation Couche-Tard 90 0.00 1/12/2042 4.5% 26/7/2047 $300,000 Alabama Power 4.15% 277 0.01 $200,000 Alleghany 4.95% 27/6/2022 159 0.01 15/8/2044 $500,000 Allegion 3.5% 1/10/2029 407 0.01 $300,000 Alabama Power 4.3% 279 0.01 $400,000 Allstate 3.28% 15/12/2026 345 0.01 2/1/2046 $100,000 Allstate 3.85% 10/8/2049 89 0.00 $300,000 Alabama Power 6.125% 327 0.01 $300,000 Allstate 4.2% 15/12/2046 280 0.01 15/5/2038 $250,000 Allstate 4.5% 15/6/2043 239 0.01 $550,000 Alaska Airlines 2020-1 Class 429 0.01 $300,000 Allstate 5.55% 9/5/2035 332 0.01 A Pass Through Trust 4.8% $200,000 Allstate 5.75% 15/8/2053 160 0.01 15/2/2029 $100,000 Allstate 6.5% 15/5/2067 97 0.00 $300,000 Albemarle 4.15% 1/12/2024 244 0.01 $900,000 Ally Financial 3.875% 716 0.02 $500,000 Alcon Finance 2.6% 396 0.01 21/5/2024 27/5/2030 $800,000 Ally Financial 5.8% 1/5/2025 690 0.02 $200,000 Alcon Finance 2.75% 162 0.01 23/9/2026 $700,000 Ally Financial 8% 1/11/2031 711 0.02 $200,000 Alcon Finance 3% 162 0.01 $300,000 Alpek 4.25% 18/9/2029 227 0.01 23/9/2029 $300,000 Alpek 4.5% 20/11/2022 234 0.01 $250,000 Alcon Finance 3.8% 215 0.01 $1,000,000 Alphabet 0.45% 15/8/2025 747 0.03 23/9/2049 $1,000,000 Alphabet 1.1% 15/8/2030 745 0.03 $500,000 Alexandria Real Estate 425 0.01 $600,000 Alphabet 1.9% 15/8/2040 437 0.02 Equities 3.375% 15/8/2031 $600,000 Alphabet 1.998% 15/8/2026 482 0.02 $500,000 Alexandria Real Estate 413 0.01 $500,000 Alphabet 2.05% 15/8/2050 356 0.01 Equities 4% 15/1/2024 $1,000,000 Alphabet 2.25% 15/8/2060 715 0.02 $300,000 Alexandria Real Estate 260 0.01 $250,000 Alphabet 3.625% 19/5/2021 191 0.01 Equities 4.3% 15/1/2026 $300,000 Altria 2.35% 6/5/2025 238 0.01 $400,000 Alexandria Real Estate 366 0.01 $600,000 Altria 2.95% 2/5/2023 474 0.02 Equities 4.5% 30/7/2029 $500,000 Altria 3.49% 14/2/2022 390 0.01 $250,000 Alexandria Real Estate 254 0.01 $500,000 Altria 3.8% 14/2/2024 410 0.01 Equities 4.85% 15/4/2049 $250,000 Altria 3.875% 16/9/2046 195 0.01 $500,000 Alexandria Real Estate 474 0.02 $500,000 Altria 4% 31/1/2024 413 0.01 Equities 4.9% 15/12/2030 $250,000 Altria 4.25% 9/8/2042 198 0.01 $400,000 Alfa 5.25% 25/3/2024 323 0.01 $500,000 Altria 4.4% 14/2/2026 433 0.02 $200,000 Alfa 6.875% 25/3/2044 174 0.01 $200,000 Altria 4.45% 6/5/2050 171 0.01 $400,000 Alibaba 2.8% 6/6/2023 316 0.01 $300,000 Altria 4.5% 2/5/2043 246 0.01 $800,000 Alibaba 3.4% 6/12/2027 677 0.02 $500,000 Altria 4.8% 14/2/2029 446 0.02 $600,000 Alibaba 3.6% 28/11/2024 496 0.02 $600,000 Altria 5.375% 31/1/2044 556 0.02 $500,000 Alibaba 4% 6/12/2037 449 0.02 $300,000 Altria 5.8% 14/2/2039 286 0.01 $725,000 Alibaba 4.2% 6/12/2047Ø 699 0.02 $500,000 Altria 5.8% 14/2/2039 476 0.02 $200,000 Alibaba 4.4% 6/12/2057 205 0.01 $600,000 Altria 5.95% 14/2/2049 609 0.02 $300,000 Alibaba 4.5% 28/11/2034 283 0.01 $400,000 Altria 5.95% 14/2/2049 406 0.01 $100,000 Alimentation Couche-Tard 77 0.00 2.7% 26/7/2022 $300,000 Altria 6.2% 14/2/2059 306 0.01 $250,000 Alimentation Couche-Tard 201 0.01 $500,000 Amazon.com 0.4% 3/6/2023 375 0.01 2.95% 25/1/2030 $500,000 Amazon.com 0.8% 3/6/2025 378 0.01 $150,000 Alimentation Couche-Tard 124 0.00 $500,000 Amazon.com 1.2% 3/6/2027 381 0.01 3.55% 26/7/2027 $800,000 Amazon.com 1.5% 3/6/2030 610 0.02

237 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Amazon.com 2.4% 392 0.01 $225,713 American Airlines 2015- 141 0.00 22/2/2023 1 Class A Pass Through $800,000 Amazon.com 2.5% 3/6/2050 607 0.02 Trust 3.375% 1/11/2028 $700,000 Amazon.com 2.7% 3/6/2060 540 0.02 $405,273 American Airlines 2015- 286 0.01 $675,000 Amazon.com 2.8% 549 0.02 2 Class AA Pass Through 22/8/2024 Trust 3.6% 22/3/2029 $1,050,000 Amazon.com 3.15% 898 0.03 $323,748 American Airlines 2016- 233 0.01 22/8/2027 1 Class AA Pass Through Trust 3.575% 15/7/2029 $350,000 Amazon.com 3.3% 270 0.01 5/12/2021 $300,000 American Campus 224 0.01 Communities Operating $500,000 Amazon.com 3.8% 423 0.01 Partnership LP 2.85% 5/12/2024 1/2/2030 $775,000 Amazon.com 3.875% 724 0.03 $400,000 American Campus 323 0.01 22/8/2037 Communities Operating $300,000 Amazon.com 3.875% 280 0.01 Partnership LP 4.125% 22/8/2037 1/7/2024 $1,200,000 Amazon.com 4.05% 1,165 0.04 $300,000 American Electric Power 247 0.01 22/8/2047 3.2% 13/11/2027 $700,000 Amazon.com 4.25% 712 0.02 $700,000 American Express 2.5% 543 0.02 22/8/2057 1/8/2022 $400,000 Amazon.com 4.8% 413 0.01 $1,000,000 American Express 2.5% 799 0.03 5/12/2034 30/7/2024 $350,000 Amazon.com 4.95% 375 0.01 $400,000 American Express 2.65% 314 0.01 5/12/2044 2/12/2022 $300,000 Amazon.com 5.2% 275 0.01 $200,000 American Express 3% 163 0.01 3/12/2025 30/10/2024 $200,000 Amcor Finance USA 3.625% 167 0.01 $700,000 American Express 3.125% 587 0.02 28/4/2026 20/5/2026 $500,000 Amdocs 2.538% 15/6/2030 389 0.01 $500,000 American Express 3.4% 399 0.01 $500,000 Ameren 2.5% 15/9/2024 399 0.01 27/2/2023 $500,000 Ameren 3.5% 15/1/2031 429 0.01 $400,000 American Express 3.4% 327 0.01 $500,000 Ameren Illinois 3.25% 411 0.01 22/2/2024 1/3/2025 $100,000 American Express 3.625% 83 0.00 $300,000 Ameren Illinois 3.25% 258 0.01 5/12/2024 15/3/2050 $500,000 American Express 3.7% 388 0.01 $300,000 Ameren Illinois 3.7% 268 0.01 5/11/2021 1/12/2047 $500,000 American Express 3.7% 407 0.01 $800,000 America Movil 2.875% 645 0.02 3/8/2023 7/5/2030 $502,000 American Express 4.05% 474 0.02 $300,000 America Movil 3.125% 233 0.01 3/12/2042 16/7/2022 $700,000 American Express Credit 540 0.02 $600,000 America Movil 3.625% 510 0.02 2.7% 3/3/2022 22/4/2029 $300,000 American Financial Inc/OH 242 0.01 $500,000 America Movil 4.375% 457 0.02 3.5% 15/8/2026 16/7/2042 $300,000 American Financial Inc/OH 273 0.01 $300,000 America Movil 4.375% 279 0.01 5.25% 2/4/2030 22/4/2049 $200,000 American Homes 4 Rent LP 170 0.01 $750,000 America Movil 6.125% 813 0.03 4.25% 15/2/2028 30/3/2040 $1,500,000 American Honda Finance 1,162 0.04 1.95% 10/5/2023

BlackRock Collective Investment Funds 238 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 American Honda Finance 310 0.01 $500,000 American Tower 3% 398 0.01 2.05% 10/1/2023 15/6/2023 $500,000 American Honda Finance 385 0.01 $250,000 American Tower 3.1% 192 0.01 2.2% 27/6/2022 15/6/2050 $500,000 American Honda Finance 399 0.01 $250,000 American Tower 3.125% 206 0.01 2.3% 9/9/2026 15/1/2027 $500,000 American Honda Finance 399 0.01 $500,000 American Tower 3.375% 407 0.01 2.35% 8/1/2027 15/5/2024 $500,000 American Honda Finance 395 0.01 $500,000 American Tower 3.375% 420 0.01 2.4% 27/6/2024 15/10/2026 $500,000 American Honda Finance 403 0.01 $500,000 American Tower 3.55% 421 0.01 3.45% 14/7/2023 15/7/2027 $300,000 American Honda Finance 245 0.01 $200,000 American Tower 3.7% 168 0.01 3.55% 12/1/2024 15/10/2049 $1,000,000 American International 2.5% 799 0.03 $500,000 American Tower 3.8% 432 0.02 30/6/2025 15/8/2029 $500,000 American International 3.4% 414 0.01 $400,000 American Tower 3.95% 347 0.01 30/6/2030 15/3/2029 $200,000 American International 174 0.01 $100,000 American Tower 4% 85 0.00 3.875% 15/1/2035 1/6/2025 $500,000 American International 3.9% 427 0.01 $250,000 American Tower 4.7% 199 0.01 1/4/2026 15/3/2022 $750,000 American International 624 0.02 $200,000 American Transmission 190 0.01 4.125% 15/2/2024 Systems 5% 1/9/2044 $200,000 American International 175 0.01 $200,000 American Water Capital 165 0.01 4.25% 15/3/2029 2.8% 1/5/2030 $500,000 American International 439 0.02 $700,000 American Water Capital 580 0.02 4.25% 15/3/2029 2.95% 1/9/2027 $450,000 American International 400 0.01 $200,000 American Water Capital 165 0.01 4.375% 30/6/2050 3.4% 1/3/2025 $200,000 American International 175 0.01 $200,000 American Water Capital 172 0.01 4.375% 15/1/2055 3.45% 1/6/2029 $800,000 American International 4.5% 703 0.02 $200,000 American Water Capital 171 0.01 16/7/2044 3.45% 1/5/2050 $300,000 American International 274 0.01 $300,000 American Water Capital 262 0.01 4.75% 1/4/2048 3.75% 1/9/2028 $400,000 American International 4.8% 362 0.01 $100,000 American Water Capital 89 0.00 10/7/2045 3.75% 1/9/2047 $700,000 American International 563 0.02 $300,000 American Water Capital 4% 272 0.01 4.875% 1/6/2022 1/12/2046 $400,000 American International 330 0.01 $200,000 American Water Capital 188 0.01 5.75% 1/4/2048 4.15% 1/6/2049 $100,000 American International 107 0.00 $200,000 American Water Capital 186 0.01 8.175% 15/5/2068 4.2% 1/9/2048 $500,000 American Tower 2.25% 383 0.01 $350,000 American Water Capital 328 0.01 15/1/2022 4.3% 1/12/2042 $500,000 American Tower 2.9% 406 0.01 $800,000 Ameriprise Financial 3% 654 0.02 15/1/2030 2/4/2025 $400,000 American Tower 2.95% 324 0.01 $500,000 Ameriprise Financial 4% 415 0.01 15/1/2025 15/10/2023

239 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 AmerisourceBergen 2.8% 241 0.01 $600,000 Anheuser-Busch InBev 492 0.02 15/5/2030 Finance 3.7% 1/2/2024 $500,000 AmerisourceBergen 3.25% 410 0.01 $400,000 Anheuser-Busch InBev 326 0.01 1/3/2025 Finance 4% 17/1/2043 $700,000 AmerisourceBergen 3.45% 599 0.02 $350,000 Anheuser-Busch InBev 308 0.01 15/12/2027 Finance 4.625% 1/2/2044 $150,000 AmerisourceBergen 4.3% 132 0.00 $400,000 Anheuser-Busch InBev 356 0.01 15/12/2047 Finance 4.7% 1/2/2036 $600,000 Amgen 1.9% 21/2/2025 472 0.02 $300,000 Anheuser-Busch InBev 273 0.01 $1,000,000 Amgen 2.2% 21/2/2027 793 0.03 Finance 4.9% 1/2/2046 $500,000 Amgen 2.25% 19/8/2023 391 0.01 $875,000 Anheuser-Busch InBev 711 0.02 $500,000 Amgen 2.3% 25/2/2031 395 0.01 Worldwide 3.5% 12/1/2024 $500,000 Amgen 2.45% 21/2/2030 399 0.01 $700,000 Anheuser-Busch InBev 598 0.02 Worldwide 3.5% 1/6/2030 $300,000 Amgen 2.6% 19/8/2026 246 0.01 $300,000 Anheuser-Busch InBev 240 0.01 $400,000 Amgen 2.65% 11/5/2022 310 0.01 Worldwide 3.75% 15/7/2042 $500,000 Amgen 2.7% 1/5/2022 386 0.01 $400,000 Anheuser-Busch InBev 346 0.01 $345,000 Amgen 2.77% 1/9/2053 254 0.01 Worldwide 4% 13/4/2028 $250,000 Amgen 3.125% 1/5/2025 206 0.01 $400,000 Anheuser-Busch InBev 346 0.01 $600,000 Amgen 3.15% 21/2/2040 477 0.02 Worldwide 4% 13/4/2028 $300,000 Amgen 3.2% 2/11/2027 253 0.01 $275,000 Anheuser-Busch InBev 233 0.01 $900,000 Amgen 3.375% 21/2/2050 734 0.03 Worldwide 4.15% 23/1/2025 $331,429 Amgen 3.875% 15/11/2021 256 0.01 $500,000 Anheuser-Busch InBev 424 0.01 $750,000 Amgen 4.4% 1/5/2045 704 0.02 Worldwide 4.15% 23/1/2025 $522,000 Amgen 4.563% 15/6/2048 502 0.02 $300,000 Anheuser-Busch InBev 261 0.01 $1,024,000 Amgen 4.663% 15/6/2051 1,011 0.04 Worldwide 4.35% 1/6/2040 $250,000 Amgen 4.95% 1/10/2041 248 0.01 $400,000 Anheuser-Busch InBev 345 0.01 $400,000 Amgen 5.15% 15/11/2041 401 0.01 Worldwide 4.375% $800,000 Amphenol 2.8% 15/2/2030 655 0.02 15/4/2038 $500,000 Analog Devices 3.125% 403 0.01 $697,000 Anheuser-Busch InBev 607 0.02 5/12/2023 Worldwide 4.439% 6/10/2048 $500,000 Analog Devices 3.5% 425 0.01 5/12/2026 $700,000 Anheuser-Busch InBev 632 0.02 Worldwide 4.5% 1/6/2050 $1,000,000 Anglo American Capital 774 0.03 3.75% 10/4/2022 $600,000 Anheuser-Busch InBev 534 0.02 Worldwide 4.6% 15/4/2048 $525,000 Anglo American Capital 4% 432 0.02 11/9/2027 $350,000 Anheuser-Busch InBev 321 0.01 Worldwide 4.6% 1/6/2060 $500,000 Anglo American Capital 465 0.02 5.625% 1/4/2030Ø $300,000 Anheuser-Busch InBev 273 0.01 Worldwide 4.75% 23/1/2029 $1,100,000 Anheuser-Busch Cos / 930 0.03 Anheuser-Busch InBev $1,500,000 Anheuser-Busch InBev 1,366 0.05 Worldwide 3.65% 1/2/2026 Worldwide 4.75% 23/1/2029 $1,625,000 Anheuser-Busch Cos / 1,458 0.05 $500,000 Anheuser-Busch InBev 465 0.02 Anheuser-Busch InBev Worldwide 4.75% 15/4/2058 Worldwide 4.7% 1/2/2036 $200,000 Anheuser-Busch InBev 190 0.01 $3,700,000 Anheuser-Busch Cos / 3,412 0.12 Worldwide 4.9% 23/1/2031 Anheuser-Busch InBev $300,000 Anheuser-Busch InBev 272 0.01 Worldwide 4.9% 1/2/2046 Worldwide 4.95% 15/1/2042 $500,000 Anheuser-Busch InBev 421 0.01 $700,000 Anheuser-Busch InBev 667 0.02 Finance 3.65% 1/2/2026 Worldwide 5.45% 23/1/2039

BlackRock Collective Investment Funds 240 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$1,100,000 Anheuser-Busch InBev 1,105 0.04 $300,000 Apollo Management LP 4% 247 0.01 Worldwide 5.55% 23/1/2049 30/5/2024 $250,000 Anheuser-Busch InBev 251 0.01 $400,000 Apollo Management LP 350 0.01 Worldwide 5.55% 23/1/2049 4.872% 15/2/2029 $550,000 Anheuser-Busch InBev 587 0.02 $200,000 Apollo Management LP 5% 180 0.01 Worldwide 5.8% 23/1/2059 15/3/2048 $200,000 Anheuser-Busch InBev 207 0.01 $700,000 Appalachian Power 3.3% 571 0.02 Worldwide 5.875% 1/6/2027 15/6/2035 $400,000 Appalachian Power 3.4% 328 0.01 $200,000 Anheuser-Busch InBev 235 0.01 1/6/2025 Worldwide 8% 15/11/2039 $500,000 Appalachian Power 3.7% 423 0.01 $200,000 Anheuser-Busch InBev 240 0.01 1/5/2050 Worldwide 8.2% 15/1/2039 $500,000 Appalachian Power 4.45% 453 0.02 $500,000 Anthem 2.25% 15/5/2030 387 0.01 1/6/2045 $1,000,000 Anthem 2.875% 15/9/2029 815 0.03 $300,000 Appalachian Power 4.5% 278 0.01 $250,000 Anthem 2.95% 1/12/2022 197 0.01 1/3/2049 $250,000 Anthem 3.125% 15/5/2022 195 0.01 $250,000 Appalachian Power 4.6% 189 0.01 $350,000 Anthem 3.125% 15/5/2050 276 0.01 30/3/2021 $300,000 Anthem 3.3% 15/1/2023 239 0.01 $300,000 Appalachian Power 7% 336 0.01 1/4/2038 $300,000 Anthem 3.5% 15/8/2024 247 0.01 $1,200,000 Apple 0.55% 20/8/2025 899 0.03 $500,000 Anthem 3.65% 1/12/2027 429 0.01 $700,000 Apple 0.75% 11/5/2023 529 0.02 $400,000 Anthem 3.7% 15/8/2021 306 0.01 $800,000 Apple 1.125% 11/5/2025 613 0.02 $350,000 Anthem 3.7% 15/9/2049 299 0.01 $400,000 Apple 1.25% 20/8/2030 300 0.01 $400,000 Anthem 4.375% 1/12/2047 377 0.01 $500,000 Apple 1.55% 4/8/2021 378 0.01 $300,000 Anthem 4.55% 1/3/2048 289 0.01 $600,000 Apple 1.65% 11/5/2030 465 0.02 $150,000 Anthem 4.625% 15/5/2042 142 0.01 $1,000,000 Apple 1.7% 11/9/2022 769 0.03 $200,000 Anthem 4.65% 15/1/2043 190 0.01 $300,000 Apple 1.8% 11/9/2024 235 0.01 $300,000 Anthem 4.65% 15/8/2044 286 0.01 $1,000,000 Apple 2.05% 11/9/2026 803 0.03 $200,000 Anthem 5.1% 15/1/2044 200 0.01 $200,000 Apple 2.1% 12/9/2022 155 0.01 $300,000 Anthem 5.95% 15/12/2034 317 0.01 $200,000 Apple 2.15% 9/2/2022 153 0.01 $500,000 ANZ New Zealand Int’l 408 0.01 Ltd/London 2.55% $500,000 Apple 2.2% 11/9/2029 403 0.01 13/2/2030 $500,000 Apple 2.3% 11/5/2022 386 0.01 $500,000 ANZ New Zealand Int’l 386 0.01 $1,000,000 Apple 2.4% 3/5/2023 788 0.03 Ltd/London 2.875% $500,000 Apple 2.4% 20/8/2050 372 0.01 25/1/2022 $900,000 Apple 2.45% 4/8/2026 735 0.03 $1,000,000 ANZ New Zealand Int’l 813 0.03 $500,000 Apple 2.5% 9/2/2022 385 0.01 Ltd/London 3.4% 19/3/2024 $700,000 Apple 2.5% 9/2/2025 567 0.02 $500,000 Aon 2.2% 15/11/2022 388 0.01 $600,000 Apple 2.55% 20/8/2060 445 0.02 $500,000 Aon 2.8% 15/5/2030 405 0.01 $800,000 Apple 2.65% 11/5/2050 617 0.02 $200,000 Aon 3.75% 2/5/2029 173 0.01 $300,000 Apple 2.7% 13/5/2022 233 0.01 $400,000 Aon 3.875% 15/12/2025 343 0.01 $500,000 Apple 2.75% 13/1/2025 408 0.01 $250,000 Aon 4.6% 14/6/2044 239 0.01 $800,000 Apple 2.85% 23/2/2023 632 0.02 $200,000 Aon 4.75% 15/5/2045 197 0.01 $500,000 Apple 2.85% 11/5/2024 404 0.01 $150,000 Aon 6.25% 30/9/2040 166 0.01 $500,000 Apple 2.9% 12/9/2027 420 0.01 $400,000 AP Moller - Maersk 3.875% 325 0.01 $500,000 Apple 2.95% 11/9/2049 403 0.01 28/9/2025 $400,000 Apple 3% 9/2/2024 323 0.01 $300,000 AP Moller - Maersk 4.5% 248 0.01 $550,000 Apple 3% 20/6/2027 463 0.02 20/6/2029 $400,000 Apple 3% 13/11/2027 339 0.01

241 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$450,000 Apple 3.2% 13/5/2025 376 0.01 $200,000 Archer-Daniels-Midland 209 0.01 $500,000 Apple 3.2% 11/5/2027 425 0.01 4.5% 15/3/2049 $700,000 Apple 3.25% 23/2/2026 591 0.02 $100,000 Archer-Daniels-Midland 100 0.00 $250,000 Apple 3.35% 9/2/2027 214 0.01 4.535% 26/3/2042 $500,000 Apple 3.35% 9/2/2027 428 0.01 $250,000 Archer-Daniels-Midland 273 0.01 5.935% 1/10/2032 $700,000 Apple 3.45% 6/5/2024 579 0.02 $300,000 Ares Capital 3.25% 224 0.01 $900,000 Apple 3.45% 9/2/2045 786 0.03 15/7/2025 $400,000 Apple 3.75% 12/9/2047 362 0.01 $500,000 Ares Capital 3.625% 383 0.01 $450,000 Apple 3.75% 13/11/2047 408 0.01 19/1/2022 $900,000 Apple 3.85% 4/5/2043 829 0.03 $500,000 Ares Capital 3.875% 377 0.01 $500,000 Apple 3.85% 4/8/2046 461 0.02 15/1/2026 $300,000 Apple 4.25% 9/2/2047 296 0.01 $400,000 Ares Capital 4.2% 309 0.01 $900,000 Apple 4.375% 13/5/2045 888 0.03 10/6/2024 $300,000 Apple 4.45% 6/5/2044 302 0.01 $600,000 Argentum Netherlands for 449 0.02 $400,000 Apple 4.5% 23/2/2036 397 0.01 Swiss Re 4.625% Perpetual $1,300,000 Apple 4.65% 23/2/2046 1,335 0.05 15/8/2169Ø $500,000 Applied Materials 1.75% 388 0.01 $500,000 Argentum Netherlands for 420 0.01 1/6/2030 Swiss Re 5.625% Ø $300,000 Applied Materials 2.75% 239 0.01 15/8/2052 1/6/2050 $200,000 Argentum Netherlands for 166 0.01 $500,000 Applied Materials 3.9% 430 0.01 Swiss Re 5.75% 15/8/2050 1/10/2025 $500,000 Argentum Netherlands for 427 0.01 $300,000 Applied Materials 4.35% 304 0.01 Zurich Insurance 5.125% 1/4/2047 1/6/2048 $100,000 Applied Materials 5.1% 105 0.00 $400,000 Arizona Public Service 334 0.01 1/10/2035 3.35% 15/5/2050 $150,000 Applied Materials 5.85% 172 0.01 $400,000 Arizona Public Service 347 0.01 15/6/2041 3.75% 15/5/2046 $500,000 APT Pipelines 4.2% 414 0.01 $200,000 Arizona Public Service 4.5% 187 0.01 23/3/2025 1/4/2042 $400,000 APT Pipelines 4.25% 337 0.01 $300,000 Arizona Public Service 296 0.01 15/7/2027 5.05% 1/9/2041 $300,000 Aptiv 5.4% 15/3/2049 250 0.01 $300,000 Aroundtown 5.375% 259 0.01 $300,000 Arch Capital 3.635% 240 0.01 21/3/2029 30/6/2050 $375,000 Arrow Electronics 3.25% 301 0.01 $250,000 Arch Capital US 5.144% 243 0.01 8/9/2024 1/11/2043 $300,000 Arrow Electronics 3.875% 245 0.01 $200,000 Arch Capital Finance 173 0.01 12/1/2028 4.011% 15/12/2026 $150,000 Arrow Electronics 4% 122 0.00 $200,000 Arch Capital Finance 191 0.01 1/4/2025 5.031% 15/12/2046 $400,000 ASB Finance 2.125% 303 0.01 $350,000 Archer-Daniels-Midland 285 0.01 1/9/2021 2.5% 11/8/2026 $600,000 Ascension Health 3.106% 487 0.02 $500,000 Archer-Daniels-Midland 429 0.01 15/11/2039 3.25% 27/3/2030 $250,000 Ascension Health 3.945% 237 0.01 $300,000 Archer-Daniels-Midland 280 0.01 15/11/2046 3.75% 15/9/2047 $40,000 Ascension Health 4.847% 45 0.00 $200,000 Archer-Daniels-Midland 187 0.01 15/11/2053 4.016% 16/4/2043 $300,000 Ashtead Capital 4% 232 0.01 1/5/2028

BlackRock Collective Investment Funds 242 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 Ashtead Capital 4.375% 233 0.01 $455,000 AT&T 4.1% 15/2/2028 397 0.01 15/8/2027 $500,000 AT&T 4.125% 17/2/2026 432 0.02 $300,000 Ashtead Capital 5.25% 237 0.01 $500,000 AT&T 4.25% 1/3/2027 438 0.02 1/8/2026 $1,340,000 AT&T 4.3% 15/2/2030 1,196 0.04 $500,000 Assurant 4.9% 27/3/2028 417 0.01 $600,000 AT&T 4.3% 15/12/2042 511 0.02 $25,000 Assurant 6.75% 15/2/2034 23 0.00 $1,100,000 AT&T 4.35% 1/3/2029 978 0.03 $300,000 Assured Guaranty US 5% 253 0.01 $900,000 AT&T 4.35% 15/6/2045 771 0.03 1/7/2024 $500,000 AT&T 4.45% 1/4/2024 419 0.01 $400,000 AstraZeneca 0.7% 8/4/2026 296 0.01 $900,000 AT&T 4.5% 15/5/2035 805 0.03 $500,000 AstraZeneca 1.375% 367 0.01 $1,402,000 AT&T 4.5% 9/3/2048 1,234 0.04 6/8/2030 $800,000 AT&T 4.55% 9/3/2049 705 0.02 $200,000 AstraZeneca 2.125% 139 0.00 $300,000 AT&T 4.65% 1/6/2044 260 0.01 6/8/2050 $1,200,000 AT&T 4.75% 15/5/2046 1,078 0.04 $500,000 AstraZeneca 2.375% 386 0.01 12/6/2022 $1,000,000 AT&T 4.8% 15/6/2044 901 0.03 Ø $850,000 AstraZeneca 3.375% 716 0.02 $1,200,000 AT&T 4.85% 1/3/2039 1,087 0.04 16/11/2025 $300,000 AT&T 4.85% 15/7/2045 267 0.01 $500,000 AstraZeneca 3.5% 405 0.01 $500,000 AT&T 4.9% 15/8/2037 462 0.02 17/8/2023 $700,000 AT&T 4.9% 15/6/2042 637 0.02 $925,000 AstraZeneca 4% 17/1/2029 823 0.03 $300,000 AT&T 5.15% 15/3/2042 282 0.01 $600,000 AstraZeneca 4% 18/9/2042 554 0.02 $400,000 AT&T 5.15% 15/11/2046 375 0.01 $350,000 AstraZeneca 4.375% 343 0.01 $500,000 AT&T 5.15% 15/2/2050 480 0.02 16/11/2045 $1,250,000 AT&T 5.25% 1/3/2037 1,180 0.04 $175,000 AstraZeneca 4.375% 177 0.01 $150,000 AT&T 5.3% 15/8/2058 148 0.01 17/8/2048 $335,000 AT&T 5.35% 1/9/2040 322 0.01 $100,000 AstraZeneca 4.375% 101 0.00 $300,000 AT&T 5.35% 15/12/2043 281 0.01 17/8/2048 $100,000 AT&T 5.375% 15/10/2041 93 0.00 $300,000 AstraZeneca 6.45% 346 0.01 $550,000 AT&T 5.45% 1/3/2047 538 0.02 15/9/2037 $250,000 AT&T 5.55% 15/8/2041 242 0.01 $500,000 AT 5.25% Perpetual 377 0.01 $350,000 AT&T 5.65% 15/2/2047 343 0.01 21/7/2169 $300,000 AT&T 5.7% 1/3/2057 307 0.01 $700,000 AT&T 2.25% 1/2/2032 530 0.02 $200,000 AT&T 6% 15/8/2040 201 0.01 $1,000,000 AT&T 2.3% 1/6/2027 793 0.03 $200,000 AT&T 6.1% 15/7/2040 202 0.01 $1,000,000 AT&T 2.75% 1/6/2031 794 0.03 $200,000 AT&T 6.25% 29/3/2041 207 0.01 $200,000 AT&T 2.95% 15/7/2026 164 0.01 $250,000 AT&T 6.35% 15/3/2040 257 0.01 $950,000 AT&T 3% 30/6/2022 741 0.03 $300,000 AT&T 6.375% 1/3/2041 318 0.01 $500,000 AT&T 3.1% 1/2/2043 372 0.01 $500,000 Athene 4.125% 12/1/2028 408 0.01 $1,000,000 AT&T 3.3% 1/2/2052 740 0.03 $200,000 Athene Global Funding 154 0.01 $800,000 AT&T 3.4% 15/5/2025 665 0.02 2.5% 14/1/2025 $1,000,000 AT&T 3.5% 1/6/2041 791 0.03 $500,000 Athene Global Funding 394 0.01 $500,000 AT&T 3.5% 1/2/2061 371 0.01 2.75% 25/6/2024 $500,000 AT&T 3.6% 17/2/2023 400 0.01 $500,000 Athene Global Funding 388 0.01 $2,000,000 AT&T 3.6% 15/7/2025 1,674 0.06 2.8% 26/5/2023 $1,300,000 AT&T 3.65% 1/6/2051 1,024 0.04 $200,000 Athene Global Funding 157 0.01 $500,000 AT&T 3.8% 15/2/2027 426 0.01 2.95% 12/11/2026 $500,000 AT&T 3.85% 1/6/2060 395 0.01 $250,000 Atlantic City Electric 4% 221 0.01 $500,000 AT&T 3.875% 15/1/2026 425 0.01 15/10/2028 $400,000 AT&T 3.95% 15/1/2025 337 0.01 $425,000 Atmos Energy 3% 15/6/2027 353 0.01 $250,000 AT&T 4.05% 15/12/2023 209 0.01 $200,000 Atmos Energy 3.375% 171 0.01 15/9/2049

243 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 Atmos Energy 4.125% 186 0.01 $500,000 Aviation Capital 2.875% 371 0.01 15/10/2044 20/1/2022 $300,000 Atmos Energy 4.125% 279 0.01 $700,000 Aviation Capital 3.5% 465 0.02 15/3/2049 1/11/2027 $100,000 Atmos Energy 5.5% 106 0.00 $250,000 Avnet 4.625% 15/4/2026 208 0.01 15/6/2041 $500,000 Avolon Funding 2.875% 332 0.01 $500,000 Australia & New Zealand 389 0.01 15/2/2025 Banking 2.95% 22/7/2030 $400,000 Avolon Funding 3.625% 289 0.01 $300,000 Australia & New Zealand 253 0.01 1/5/2022 Banking 4.4% 19/5/2026 $300,000 Avolon Funding 3.95% 207 0.01 $500,000 Australia & New Zealand 411 0.01 1/7/2024 Banking 4.5% 19/3/2024 $500,000 Avolon Funding 4.375% 344 0.01 $100,000 Australia & New Zealand 76 0.00 1/5/2026 Banking 4.875% 12/1/2021 $300,000 AXA 5.125% 17/1/2047 256 0.01 $600,000 Australia & New Zealand 465 0.02 $300,000 AXA 6.379% Perpetual 297 0.01 Banking Ltd/New York NY 14/6/2169 2.05% 21/11/2022 $300,000 AXA 8.6% 15/12/2030 339 0.01 $500,000 Australia & New Zealand 384 0.01 $300,000 AXIS Specialty Finance 246 0.01 Banking Ltd/New York NY 3.9% 15/7/2029 2.55% 23/11/2021 $1,000,000 Azure Nova International 767 0.03 $600,000 Australia & New Zealand 471 0.02 Finance 3.5% 21/3/2022 Banking Ltd/New York NY $500,000 Azure Orbit IV International 390 0.01 2.625% 9/11/2022 Finance 3.75% 25/1/2023 $350,000 Autodesk 3.5% 15/6/2027 297 0.01 $150,000 Bacardi 2.75% 15/7/2026 116 0.00 $500,000 Autodesk 3.6% 15/12/2022 397 0.01 $600,000 Bacardi 5.15% 15/5/2038 545 0.02 $500,000 Automatic Data Processing 422 0.01 $750,000 BAE Systems 3.4% 629 0.02 3.375% 15/9/2025 15/4/2030 $400,000 AutoNation 3.8% 15/11/2027 322 0.01 $800,000 BAE Systems 3.85% 675 0.02 $500,000 AutoZone 3.125% 18/4/2024 403 0.01 15/12/2025 $200,000 AutoZone 3.125% 21/4/2026 165 0.01 $300,000 BAE Systems 4.75% 283 0.01 $100,000 AutoZone 3.7% 15/4/2022 78 0.00 7/10/2044 $500,000 AutoZone 3.75% 1/6/2027 427 0.01 $500,000 Baidu 2.875% 6/7/2022Ø 385 0.01 $500,000 AutoZone 3.75% 18/4/2029 433 0.02 $300,000 Baidu 3.625% 6/7/2027 246 0.01 $500,000 AvalonBay Communities 398 0.01 $200,000 Baidu 4.125% 30/6/2025 166 0.01 2.45% 15/1/2031 $400,000 Baidu 4.375% 14/5/2024 329 0.01 $500,000 AvalonBay Communities 408 0.01 $200,000 Baidu 4.375% 29/3/2028 172 0.01 2.9% 15/10/2026 $500,000 Baidu 4.375% 29/3/2028 431 0.01 $500,000 AvalonBay Communities 425 0.01 $350,000 Baker Hughes 5.125% 318 0.01 3.3% 1/6/2029 15/9/2040 $100,000 AvalonBay Communities 84 0.00 $400,000 Baker Hughes a GE / Baker 313 0.01 3.45% 1/6/2025 Hughes Co-Obligor 2.773% $300,000 AvalonBay Communities 284 0.01 15/12/2022 4.15% 1/7/2047 $500,000 Baker Hughes a GE / Baker 400 0.01 $500,000 AvalonBay Communities 413 0.01 Hughes Co-Obligor 3.138% 4.2% 15/12/2023 7/11/2029 $500,000 Avangrid 3.15% 1/12/2024 409 0.01 $500,000 Baker Hughes a GE / Baker 407 0.01 $300,000 Avangrid 3.2% 15/4/2025 247 0.01 Hughes Co-Obligor 3.337% $250,000 Avangrid 3.8% 1/6/2029 218 0.01 15/12/2027 $300,000 Avery Dennison 2.65% 238 0.01 30/4/2030

BlackRock Collective Investment Funds 244 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$450,000 Baker Hughes a GE / Baker 356 0.01 $1,000,000 Banco Santander Mexico 842 0.03 Hughes Co-Obligor 4.08% Institucion de Banca 15/12/2047 Multiple Grupo Financiero $200,000 Baker Hughes a GE / Baker 175 0.01 Santand 5.375% 17/4/2025 Hughes Co-Obligor 4.486% $300,000 Bancolombia 3% 29/1/2025 228 0.01 1/5/2030 $400,000 Bangkok Bank PCL/Hong 314 0.01 $500,000 Baltimore Gas and Electric 404 0.01 Kong 3.875% 27/9/2022 2.4% 15/8/2026 $500,000 Bangkok Bank PCL/Hong 431 0.01 $200,000 Baltimore Gas and Electric 163 0.01 Kong 4.45% 19/9/2028Ø 3.2% 15/9/2049 $200,000 Bangkok Bank PCL/Hong 150 0.01 $250,000 Baltimore Gas and Electric 217 0.01 Kong 4.8% 18/10/2020 3.5% 15/8/2046 $1,000,000 Bank of America 1.319% 756 0.03 $200,000 Banco de Bogota 4.375% 156 0.01 19/6/2026 3/8/2027 $1,500,000 Bank of America 1.486% 1,148 0.04 $800,000 Banco de Credito del Peru 601 0.02 19/5/2024 3.125% 1/7/2030 $1,000,000 Bank of America 1.898% 751 0.03 $328,000 Banco de Credito del Peru 262 0.01 23/7/2031 4.25% 1/4/2023 $800,000 Bank of America 2.015% 623 0.02 $200,000 Banco General 4.125% 165 0.01 13/2/2026 7/8/2027 $600,000 Bank of America 2.456% 474 0.02 $400,000 Banco Inbursa Institucion 313 0.01 22/10/2025 De Banca Multiple Grupo $1,000,000 Bank of America 2.496% 787 0.03 Financiero Inbursa 4.125% 13/2/2031 6/6/2024 $700,000 Bank of America 2.503% 535 0.02 $1,000,000 Banco Santander 2.706% 797 0.03 21/10/2022 27/6/2024 $1,000,000 Bank of America 2.592% 796 0.03 $600,000 Banco Santander 2.746% 476 0.02 29/4/2031 28/5/2025 $2,000,000 Bank of America 2.676% 1,525 0.05 $400,000 Banco Santander 3.125% 315 0.01 19/6/2041 23/2/2023 $500,000 Bank of America 2.816% 389 0.01 $400,000 Banco Santander 3.306% 327 0.01 21/7/2023 27/6/2029 $600,000 Bank of America 2.881% 465 0.02 $600,000 Banco Santander 3.49% 492 0.02 24/4/2023 28/5/2030 $700,000 Bank of America 2.884% 569 0.02 $200,000 Banco Santander 3.5% 156 0.01 22/10/2030 11/4/2022 $2,690,000 Bank of America 3.004% 2,117 0.07 $400,000 Banco Santander 3.8% 328 0.01 20/12/2023 23/2/2028 $500,000 Bank of America 3.093% 406 0.01 $200,000 Banco Santander 3.848% 161 0.01 1/10/2025 12/4/2023 $900,000 Bank of America 3.194% 747 0.03 $400,000 Banco Santander 4.25% 338 0.01 23/7/2030 11/4/2027 $700,000 Bank of America 3.248% 582 0.02 $400,000 Banco Santander 5.179% 341 0.01 21/10/2027 19/11/2025 $500,000 Bank of America 3.3% 398 0.01 $600,000 Banco Santander Chile 472 0.02 11/1/2023 2.7% 10/1/2025 $1,000,000 Bank of America 3.366% 821 0.03 $250,000 Banco Santander Mexico 196 0.01 23/1/2026 Institucion de Banca $1,907,000 Bank of America 3.419% 1,593 0.06 Multiple Grupo Financiero 20/12/2028 Santand 4.125% 9/11/2022Ø $600,000 Bank of America 3.458% 490 0.02 15/3/2025

245 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$1,500,000 Bank of America 3.55% 1,199 0.04 $250,000 Bank of America 4.75% 250 0.01 5/3/2024 21/4/2045 $900,000 Bank of America 3.559% 756 0.03 $350,000 Bank of America 5% 363 0.01 23/4/2027 21/1/2044 $700,000 Bank of America 3.593% 590 0.02 $600,000 Bank of America 5.875% 670 0.02 21/7/2028 7/2/2042 $900,000 Bank of America 3.705% 762 0.03 $1,400,000 Bank of America 6.11% 1,497 0.05 24/4/2028 29/1/2037 $500,000 Bank of America 3.824% 425 0.01 $350,000 Bank of America 6.22% 322 0.01 20/1/2028 15/9/2026 $1,000,000 Bank of America 3.875% 852 0.03 $700,000 Bank of America NA 544 0.02 1/8/2025 3.335% 25/1/2023 $600,000 Bank of America 3.946% 550 0.02 $400,000 Bank of America NA 6% 434 0.02 23/1/2049 15/10/2036 $800,000 Bank of America 3.95% 671 0.02 $1,000,000 Bank of East Asia 4% 783 0.03 21/4/2025 29/5/2030 $800,000 Bank of America 3.97% 688 0.02 $300,000 Bank of Ireland 4.5% 243 0.01 5/3/2029 25/11/2023 $800,000 Bank of America 3.974% 698 0.02 $800,000 Bank of Montreal 1.85% 628 0.02 7/2/2030 1/5/2025 $600,000 Bank of America 4% 500 0.02 $500,000 Bank of Montreal 1.9% 380 0.01 1/4/2024 27/8/2021 $1,200,000 Bank of America 4% 1,004 0.03 $750,000 Bank of Montreal 2.35% 584 0.02 22/1/2025 11/9/2022 $500,000 Bank of America 4.078% 452 0.02 $550,000 Bank of Montreal 2.5% 440 0.02 23/4/2040 28/6/2024 $2,300,000 Bank of America 4.083% 2,151 0.07 $400,000 Bank of Montreal 2.55% 312 0.01 20/3/2051 6/11/2022 $1,200,000 Bank of America 4.1% 988 0.03 $500,000 Bank of Montreal 2.9% 388 0.01 24/7/2023 26/3/2022 $500,000 Bank of America 4.125% 418 0.01 $500,000 Bank of Montreal 3.3% 408 0.01 22/1/2024 5/2/2024 $500,000 Bank of America 4.183% 431 0.01 $400,000 Bank of Montreal 3.803% 331 0.01 25/11/2027 15/12/2032 $900,000 Bank of America 4.2% 753 0.03 $1,000,000 Bank of New York Mellon 779 0.03 26/8/2024 1.6% 24/4/2025 $900,000 Bank of America 4.244% 820 0.03 $500,000 Bank of New York Mellon 398 0.01 24/4/2038 2.1% 24/10/2024 $750,000 Bank of America 4.25% 649 0.02 $1,000,000 Bank of New York Mellon 774 0.03 22/10/2026 2.661% 16/5/2023 $1,000,000 Bank of America 4.271% 883 0.03 $500,000 Bank of New York Mellon 417 0.01 23/7/2029 2.8% 4/5/2026 $650,000 Bank of America 4.33% 628 0.02 $500,000 Bank of New York Mellon 396 0.01 15/3/2050 2.95% 29/1/2023 $100,000 Bank of America 4.33% 97 0.00 $400,000 Bank of New York Mellon 329 0.01 15/3/2050 3% 24/2/2025 $500,000 Bank of America 4.443% 480 0.02 $200,000 Bank of New York Mellon 167 0.01 20/1/2048 3% 30/10/2028 $750,000 Bank of America 4.45% 649 0.02 $300,000 Bank of New York Mellon 259 0.01 3/3/2026 3.3% 23/8/2029

BlackRock Collective Investment Funds 246 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Bank of New York Mellon 413 0.01 $1,300,000 Barclays 4.972% 16/5/2029 1,156 0.04 3.4% 15/5/2024 $400,000 Barclays 5.088% 20/6/2030 347 0.01 $500,000 Bank of New York Mellon 434 0.02 $1,400,000 Barclays 5.2% 12/5/2026 1,189 0.04 3.4% 29/1/2028 $300,000 Barclays 5.25% 17/8/2045 307 0.01 $300,000 Bank of New York Mellon 259 0.01 $1,000,000 Barclays Bank 1.7% 760 0.03 3.442% 7/2/2028 12/5/2022 $300,000 Bank of New York Mellon 244 0.01 $400,000 Barclays Bank 5.14% 300 0.01 3.45% 11/8/2023 14/10/2020 $200,000 Bank of New York Mellon 154 0.01 $200,000 Barclays Bank 10.179% 160 0.01 3.55% 23/9/2021 12/6/2021 $500,000 Bank of New Zealand 3.5% 407 0.01 $350,000 Barrick Gold 5.25% 359 0.01 20/2/2024 1/4/2042 $800,000 Bank of Nova Scotia/The 611 0.02 $400,000 Barrick International 413 0.01 1.3% 11/6/2025 Barbados 6.35% $800,000 Bank of Nova Scotia/The 615 0.02 15/10/2036 1.625% 1/5/2023 $250,000 Barrick North America 273 0.01 $500,000 Bank of Nova Scotia/The 396 0.01 Finance 5.75% 1/5/2043 2.2% 3/2/2025 $150,000 Barrick PD Australia 160 0.01 $1,300,000 Bank of Nova Scotia/The 1,014 0.04 Finance Pty 5.95% 2.45% 19/9/2022 15/10/2039 $500,000 Bank of Nova Scotia/The 408 0.01 $400,000 BASF 2.5% 18/1/2022Ø 307 0.01 3.4% 11/2/2024 $200,000 Basin Electric Power 176 0.01 $200,000 Bank of Nova Scotia/The 152 0.01 Cooperative 4.75% 4.375% 13/1/2021 26/4/2047 $450,000 Bank of Nova Scotia/The 391 0.01 $600,000 BAT Capital 2.764% 466 0.02 4.5% 16/12/2025 15/8/2022 $500,000 Bank of the Philippine 399 0.01 $600,000 BAT Capital 2.789% 477 0.02 Islands 4.25% 4/9/2023 6/9/2024 $500,000 Banque Federative du 386 0.01 $850,000 BAT Capital 3.222% 685 0.02 Credit Mutuel 2.125% 15/8/2024 21/11/2022 $400,000 BAT Capital 3.462% 325 0.01 $500,000 Banque Federative du 398 0.01 6/9/2029 Credit Mutuel 2.375% $600,000 BAT Capital 3.557% 491 0.02 21/11/2024 15/8/2027 $300,000 Banque Federative du 233 0.01 $775,000 BAT Capital 4.39% 631 0.02 Credit Mutuel 2.7% 15/8/2037 20/7/2022 $850,000 BAT Capital 4.54% 691 0.02 $500,000 Banque Federative du 406 0.01 15/8/2047 Credit Mutuel 3.75% $600,000 BAT Capital 4.7% 2/4/2027 520 0.02 20/7/2023 $300,000 BAT Capital 4.758% 251 0.01 $500,000 Barclays 2.852% 7/5/2026 394 0.01 6/9/2049 $400,000 Barclays 3.2% 10/8/2021 306 0.01 $500,000 BAT Capital 4.906% 445 0.02 $300,000 Barclays 3.65% 16/3/2025 245 0.01 2/4/2030 $400,000 Barclays 3.684% 10/1/2023 310 0.01 $250,000 BAT Capital 5.282% 224 0.01 $500,000 Barclays 3.932% 7/5/2025 406 0.01 2/4/2050 $400,000 Barclays 4.337% 10/1/2028 337 0.01 $500,000 BAT International Finance 391 0.01 $1,100,000 Barclays 4.338% 16/5/2024 889 0.03 3.25% 7/6/2022 $800,000 Barclays 4.375% 12/1/2026 679 0.02 $400,000 BAT International Finance 333 0.01 $400,000 Barclays 4.836% 9/5/2028 333 0.01 3.95% 15/6/2025 $500,000 Barclays 4.95% 10/1/2047Ø 504 0.02 $149,000 Baxalta 4% 23/6/2025 127 0.00 $67,000 Baxalta 5.25% 23/6/2045 70 0.00

247 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$75,000 Baxter International 1.7% 57 0.00 $500,000 Becton Dickinson and 422 0.01 15/8/2021 3.794% 20/5/2050 $325,000 Baxter International 2.6% 266 0.01 $500,000 Becton Dickinson and 471 0.02 15/8/2026 4.669% 6/6/2047Ø $100,000 Baxter International 3.5% 86 0.00 $235,000 Becton Dickinson and 222 0.01 15/8/2046 4.685% 15/12/2044 $400,000 Baxter International 3.95% 359 0.01 $200,000 Bell Canada 4.3% 188 0.01 1/4/2030 29/7/2049 $650,000 Bayer US Finance 3% 497 0.02 $250,000 Bell Canada 4.3% 235 0.01 8/10/2021 29/7/2049 $500,000 Bayer US Finance 3.375% 409 0.01 $200,000 Bell Canada 4.464% 191 0.01 8/10/2024 1/4/2048 $250,000 Bayer US Finance II 2.85% 195 0.01 $500,000 Bemis 2.63% 19/6/2030 401 0.01 15/4/2025 $750,000 Berkshire Hathaway 2.75% 592 0.02 $175,000 Bayer US Finance II 3.375% 142 0.01 15/3/2023 15/7/2024 $500,000 Berkshire Hathaway 3.125% 418 0.01 $550,000 Bayer US Finance II 3.875% 450 0.02 15/3/2026 15/12/2023 $500,000 Berkshire Hathaway 3.4% 390 0.01 $300,000 Bayer US Finance II 3.95% 246 0.01 31/1/2022 15/4/2045 $400,000 Berkshire Hathaway 4.5% 405 0.01 $700,000 Bayer US Finance II 4.25% 601 0.02 11/2/2043 15/12/2025 $100,000 Berkshire Hathaway Energy 89 0.00 $600,000 Bayer US Finance II 4.375% 526 0.02 3.8% 15/7/2048 15/12/2028 $500,000 Berkshire Hathaway Energy 427 0.01 $1,000,000 Bayer US Finance II 4.375% 876 0.03 4.05% 15/4/2025 15/12/2028 $300,000 Berkshire Hathaway Energy 284 0.01 $300,000 Bayer US Finance II 4.4% 254 0.01 4.25% 15/10/2050 15/7/2044 $200,000 Berkshire Hathaway Energy 194 0.01 $300,000 Bayer US Finance II 4.625% 268 0.01 4.45% 15/1/2049 25/6/2038 $200,000 Berkshire Hathaway Energy 192 0.01 $230,000 Bayer US Finance II 4.7% 191 0.01 4.5% 1/2/2045 15/7/2064 $200,000 Berkshire Hathaway Energy 205 0.01 $700,000 Bayer US Finance II 4.875% 648 0.02 5.15% 15/11/2043 25/6/2048 $300,000 Berkshire Hathaway Energy 325 0.01 $200,000 Baylor Scott & White 179 0.01 5.95% 15/5/2037 3.967% 15/11/2046 $300,000 Berkshire Hathaway 233 0.01 $500,000 BBVA Bancomer SA/Texas 403 0.01 Finance 1.85% 12/3/2030 Ø 4.375% 10/4/2024 $500,000 Berkshire Hathaway 391 0.01 $500,000 BBVA USA 2.5% 27/8/2024 385 0.01 Finance 3% 15/5/2022 $500,000 BBVA USA 3.875% 402 0.01 $700,000 Berkshire Hathaway 674 0.02 10/4/2025 Finance 4.2% 15/8/2048 $400,000 Becton Dickinson and 310 0.01 $250,000 Berkshire Hathaway 189 0.01 2.894% 6/6/2022 Finance 4.25% 15/1/2021 $300,000 Becton Dickinson and 231 0.01 $700,000 Berkshire Hathaway 680 0.02 3.125% 8/11/2021 Finance 4.25% 15/1/2049 $500,000 Becton Dickinson and 406 0.01 $250,000 Berkshire Hathaway 242 0.01 3.363% 6/6/2024 Finance 4.3% 15/5/2043 $489,000 Becton Dickinson and 3.7% 414 0.01 $200,000 Berkshire Hathaway 195 0.01 6/6/2027 Finance 4.4% 15/5/2042 $600,000 Becton Dickinson and 498 0.02 $200,000 Berkshire Hathaway 229 0.01 3.734% 15/12/2024 Finance 5.75% 15/1/2040

BlackRock Collective Investment Funds 248 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 Best Buy 4.45% 1/10/2028 354 0.01 $500,000 BMW Finance 2.25% 385 0.01 $400,000 BG Energy Capital 4% 310 0.01 12/8/2022 15/10/2021 $200,000 BMW Finance 2.4% 158 0.01 $200,000 BG Energy Capital 5.125% 194 0.01 14/8/2024 15/10/2041 $400,000 BMW Finance 2.85% 322 0.01 $500,000 BGC Partners 5.375% 396 0.01 14/8/2029 24/7/2023 $750,000 BMW US Capital 1.85% 568 0.02 $500,000 Bharti Airtel 4.375% 397 0.01 15/9/2021 10/6/2025Ø $350,000 BMW US Capital 2.25% 272 0.01 $500,000 Bharti Airtel International 406 0.01 15/9/2023 Netherlands 5.35% $500,000 BMW US Capital 3.45% 399 0.01 20/5/2024 12/4/2023 $500,000 BHP Billiton Finance USA 387 0.01 $500,000 BMW US Capital 3.75% 424 0.01 2.875% 24/2/2022 12/4/2028 $250,000 BHP Billiton Finance USA 206 0.01 $500,000 BMW US Capital 3.8% 404 0.01 3.85% 30/9/2023 6/4/2023 $200,000 BHP Billiton Finance USA 189 0.01 $800,000 BMW US Capital 3.9% 672 0.02 4.125% 24/2/2042 9/4/2025 $900,000 BHP Billiton Finance USA 956 0.03 $250,000 BMW US Capital 3.95% 215 0.01 5% 30/9/2043 14/8/2028 $700,000 BHP Billiton Finance USA 625 0.02 $500,000 BMW US Capital 4.15% 443 0.02 6.75% 19/10/2075 9/4/2030 $500,000 Bi Hai 6.25% 5/3/2022 384 0.01 $700,000 BNP Paribas 2.219% 545 0.02 $900,000 Biogen 2.25% 1/5/2030 691 0.02 9/6/2026 $500,000 Biogen 3.15% 1/5/2050 380 0.01 $900,000 BNP Paribas 2.588% 667 0.02 $750,000 Biogen 3.625% 15/9/2022 596 0.02 12/8/2035 $250,000 Biogen 4.05% 15/9/2025 215 0.01 $600,000 BNP Paribas 2.819% 477 0.02 19/11/2025 $500,000 Biogen 5.2% 15/9/2045 511 0.02 $600,000 BNP Paribas 3.052% 484 0.02 $500,000 Black Hills 3.05% 407 0.01 13/1/2031 15/10/2029 $900,000 BNP Paribas 3.25% 720 0.02 $200,000 Black Hills 3.95% 15/1/2026 164 0.01 3/3/2023 $100,000 Black Hills 4.2% 15/9/2046 91 0.00 $500,000 BNP Paribas 3.375% 408 0.01 $300,000 Black Hills 4.35% 1/5/2033 261 0.01 9/1/2025 $300,000 BlackRock 2.4% 30/4/2030‡ 245 0.01 $700,000 BNP Paribas 3.5% 1/3/2023 557 0.02 $500,000 BlackRock 3.25% 438 0.02 $400,000 BNP Paribas 3.5% 333 0.01 30/4/2029‡ 16/11/2027 $500,000 BlackRock 3.375% 393 0.01 $500,000 BNP Paribas 3.8% 407 0.01 1/6/2022‡ 10/1/2024 $150,000 Blackstone Finance 2.5% 120 0.00 $400,000 BNP Paribas 4.375% 335 0.01 10/1/2030 28/9/2025 $300,000 Blackstone Finance 3.5% 246 0.01 $400,000 BNP Paribas 4.375% 339 0.01 10/9/2049 12/5/2026 $350,000 Blackstone Finance 4.75% 287 0.01 $300,000 BNP Paribas 4.375% 253 0.01 15/2/2023 1/3/2033 $150,000 Blackstone Finance 5% 144 0.01 $300,000 BNP Paribas 4.4% 265 0.01 15/6/2044 14/8/2028 $500,000 Block Financial 3.875% 380 0.01 $500,000 BNP Paribas 4.625% 427 0.01 15/8/2030 13/3/2027 $300,000 Block Financial 5.25% 252 0.01 $800,000 BNP Paribas 4.705% 668 0.02 1/10/2025 10/1/2025

249 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 BNP Paribas 5.198% 464 0.02 $500,000 Booking 3.65% 15/3/2025 415 0.01 10/1/2030 $400,000 Booking 4.625% 13/4/2030 361 0.01 $300,000 BNP Paribas 7.195% 244 0.01 $500,000 BorgWarner 2.65% 1/7/2027 396 0.01 Perpetual 25/12/2168 $500,000 BorgWarner 3.375% 407 0.01 $400,000 BNZ International Funding 319 0.01 15/3/2025 Ltd/London 3.375% $500,000 BOS Funding 4.23% 380 0.01 1/3/2023 7/3/2022 $400,000 Boardwalk Pipelines LP 306 0.01 $300,000 Boston Gas 3.15% 1/8/2027 249 0.01 3.375% 1/2/2023 $200,000 Boston Gas 4.487% 187 0.01 $500,000 Boardwalk Pipelines LP 377 0.01 15/2/2042 3.4% 15/2/2031 $400,000 Boston Properties LP 2.75% 323 0.01 $200,000 Boardwalk Pipelines LP 165 0.01 1/10/2026 4.8% 3/5/2029 $500,000 Boston Properties LP 2.9% 395 0.01 $175,000 Boardwalk Pipelines LP 152 0.01 15/3/2030 5.95% 1/6/2026 $1,000,000 Boston Properties LP 3.65% 834 0.03 $500,000 Bocom Leasing 373 0.01 1/2/2026 Management Hong Kong $400,000 Boston Properties LP 3.85% 319 0.01 1.75% 14/7/2023 1/2/2023 $400,000 Bocom Leasing 308 0.01 $300,000 Boston Properties LP 4.5% 265 0.01 Management Hong Kong 1/12/2028 4% 22/1/2022 $600,000 Boston Scientific 2.65% 478 0.02 $200,000 Bocom Leasing 161 0.01 1/6/2030 Management Hong Kong $600,000 Boston Scientific 3.375% 469 0.02 4.375% 22/1/2024 15/5/2022 $1,000,000 Boeing 1.875% 15/6/2023 742 0.03 $800,000 Boston Scientific 3.75% 684 0.02 $75,000 Boeing 2.6% 30/10/2025 56 0.00 1/3/2026 $1,000,000 Boeing 2.7% 1/2/2027 725 0.03 $400,000 Boston Scientific 4% 349 0.01 $300,000 Boeing 2.95% 1/2/2030 219 0.01 1/3/2029 $300,000 Boeing 3.1% 1/5/2026 224 0.01 $250,000 Boston Scientific 4.55% 234 0.01 $500,000 Boeing 3.2% 1/3/2029 371 0.01 1/3/2039 $300,000 Boeing 3.25% 1/2/2035 210 0.01 $300,000 Boston Scientific 4.7% 298 0.01 $500,000 Boeing 3.45% 1/11/2028 374 0.01 1/3/2049 $200,000 Boeing 3.6% 1/5/2034 147 0.01 $150,000 Boston Scientific 7.375% 180 0.01 $150,000 Boeing 3.65% 1/3/2047 97 0.00 15/1/2040 $400,000 Boeing 3.75% 1/2/2050 269 0.01 $350,000 BP Capital Markets 2.5% 273 0.01 $200,000 Boeing 3.825% 1/3/2059 132 0.00 6/11/2022 $300,000 Boeing 3.85% 1/11/2048 200 0.01 $500,000 BP Capital Markets 3.062% 389 0.01 17/3/2022 $200,000 Boeing 3.9% 1/5/2049 137 0.00 $500,000 BP Capital Markets 3.279% 417 0.01 $1,400,000 Boeing 4.508% 1/5/2023 1,104 0.04 19/9/2027 $1,100,000 Boeing 4.875% 1/5/2025 894 0.03 $500,000 BP Capital Markets 3.535% 414 0.01 $800,000 Boeing 5.04% 1/5/2027 658 0.02 4/11/2024 $1,450,000 Boeing 5.15% 1/5/2030 1,214 0.04 $400,000 BP Capital Markets 3.561% 310 0.01 $1,000,000 Boeing 5.705% 1/5/2040 867 0.03 1/11/2021 $1,650,000 Boeing 5.805% 1/5/2050 1,478 0.05 $250,000 BP Capital Markets 3.723% 215 0.01 $150,000 Boeing 5.875% 15/2/2040 128 0.00 28/11/2028 $1,400,000 Boeing 5.93% 1/5/2060 1,280 0.04 $500,000 BP Capital Markets 3.814% 412 0.01 $600,000 Boeing 6.875% 15/3/2039 557 0.02 10/2/2024 $300,000 Booking 2.75% 15/3/2023 236 0.01 $500,000 BP Capital Markets 3.994% 412 0.01 $200,000 Booking 3.55% 15/3/2028 167 0.01 26/9/2023 $500,000 Booking 3.6% 1/6/2026 419 0.01

BlackRock Collective Investment Funds 250 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$350,000 BP Capital Markets America 260 0.01 $500,000 Bright Galaxy International 376 0.01 1.749% 10/8/2030 3.375% 3/11/2021 $800,000 BP Capital Markets America 621 0.02 $500,000 Brighthouse Financial 3.7% 393 0.01 2.52% 19/9/2022 22/6/2027 $500,000 BP Capital Markets America 353 0.01 $450,000 Brighthouse Financial 4.7% 324 0.01 2.772% 10/11/2050 22/6/2047 $300,000 BP Capital Markets America 238 0.01 $500,000 Brighthouse Financial 434 0.02 2.937% 6/4/2023 5.625% 15/5/2030 $400,000 BP Capital Markets America 294 0.01 $250,000 Bristol-Myers Squibb 2% 192 0.01 3% 24/2/2050 1/8/2022 $200,000 BP Capital Markets America 147 0.01 $300,000 Bristol-Myers Squibb 2.55% 228 0.01 3% 24/2/2050 14/5/2021 $500,000 BP Capital Markets America 410 0.01 $500,000 Bristol-Myers Squibb 2.6% 388 0.01 3.017% 16/1/2027 16/5/2022 $500,000 BP Capital Markets America 414 0.01 $100,000 Bristol-Myers Squibb 2.75% 79 0.00 3.119% 4/5/2026 15/2/2023 $500,000 BP Capital Markets America 411 0.01 $1,000,000 Bristol-Myers Squibb 2.9% 814 0.03 3.194% 6/4/2025 26/7/2024 $500,000 BP Capital Markets America 392 0.01 $500,000 Bristol-Myers Squibb 3.2% 425 0.01 3.245% 6/5/2022 15/6/2026 $600,000 BP Capital Markets America 502 0.02 $400,000 Bristol-Myers Squibb 3.25% 316 0.01 3.41% 11/2/2026 15/8/2022 $500,000 BP Capital Markets America 421 0.01 $300,000 Bristol-Myers Squibb 3.25% 239 0.01 3.543% 6/4/2027 20/2/2023 $500,000 BP Capital Markets America 420 0.01 $1,200,000 Bristol-Myers Squibb 3.4% 1,047 0.04 3.588% 14/4/2027 26/7/2029 $400,000 BP Capital Markets America 344 0.01 $800,000 Bristol-Myers Squibb 3.45% 689 0.02 3.633% 6/4/2030 15/11/2027 $300,000 BP Capital Markets America 262 0.01 $500,000 Bristol-Myers Squibb 3.55% 397 0.01 3.937% 21/9/2028 15/8/2022 $500,000 BP Capital Markets America 445 0.02 $500,000 Bristol-Myers Squibb 414 0.01 4.234% 6/11/2028 3.625% 15/5/2024 $300,000 BP Capital Markets America 229 0.01 $900,000 Bristol-Myers Squibb 773 0.03 4.742% 11/3/2021 3.875% 15/8/2025 $1,000,000 BPCE 2.375% 14/1/2025 783 0.03 $500,000 Bristol-Myers Squibb 3.9% 436 0.02 $250,000 BPCE 2.7% 1/10/2029 201 0.01 20/2/2028 $300,000 BPCE 2.75% 2/12/2021 231 0.01 $900,000 Bristol-Myers Squibb 862 0.03 $750,000 BPCE 3% 22/5/2022 582 0.02 4.125% 15/6/2039 $500,000 BPCE 3.25% 11/1/2028 412 0.01 $1,150,000 Bristol-Myers Squibb 4.25% 1,143 0.04 26/10/2049 $500,000 BPCE 3.5% 23/10/2027 412 0.01 $700,000 Bristol-Myers Squibb 4.35% 697 0.02 $500,000 BPCE 4% 15/4/2024 415 0.01 15/11/2047 $300,000 BPCE 4.5% 15/3/2025 250 0.01 $200,000 Bristol-Myers Squibb 4.5% 203 0.01 $400,000 BPCE 4.625% 11/7/2024 330 0.01 1/3/2044 $300,000 BPCE 4.625% 12/9/2028 266 0.01 $500,000 Bristol-Myers Squibb 4.55% 516 0.02 $400,000 BPCE 5.15% 21/7/2024 336 0.01 20/2/2048 $300,000 BPCE 5.7% 22/10/2023 252 0.01 $200,000 Bristol-Myers Squibb 202 0.01 $500,000 Brandywine Operating 386 0.01 4.625% 15/5/2044 Partnership LP 3.95% $200,000 Bristol-Myers Squibb 202 0.01 15/11/2027 4.625% 15/5/2044

251 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$700,000 Bristol-Myers Squibb 5% 746 0.03 $500,000 Brookfield Finance 4% 410 0.01 15/8/2045 1/4/2024 $399,423 British Airways 2019-1 Class 275 0.01 $500,000 Brookfield Finance 4.35% 433 0.02 AA Pass Through Trust 3.3% 15/4/2030 15/6/2034 $375,000 Brookfield Finance 4.7% 331 0.01 $500,000 British Telecommunications 408 0.01 20/9/2047 3.25% 8/11/2029 $500,000 Brookfield Finance 4.85% 446 0.02 $300,000 British Telecommunications 261 0.01 29/3/2029 4.25% 8/11/2049 $400,000 Brooklyn Union Gas 3.865% 349 0.01 $800,000 British Telecommunications 974 0.03 4/3/2029 9.625% 15/12/2030 $200,000 Brooklyn Union Gas 4.487% 194 0.01 $400,000 Brixmor Operating 308 0.01 4/3/2049 Partnership LP 3.25% $400,000 Brooklyn Union Gas 4.504% 383 0.01 15/9/2023 10/3/2046 $500,000 Brixmor Operating 396 0.01 $300,000 Brown & Brown 4.5% 249 0.01 Partnership LP 3.85% 15/3/2029 1/2/2025 $300,000 Brown-Forman 4.5% 298 0.01 $500,000 Brixmor Operating 405 0.01 15/7/2045 Partnership LP 4.125% $500,000 Bunge Finance 3.25% 401 0.01 15/5/2029 15/8/2026 $500,000 Broadcom 3.125% 392 0.01 $300,000 Bunge Finance 3.5% 225 0.01 15/10/2022 24/11/2020 $1,200,000 Broadcom 3.15% 971 0.03 $500,000 Bunge Finance 4.35% 410 0.01 15/11/2025 15/3/2024 $509,000 Broadcom 3.459% 417 0.01 $500,000 Burlington Northern Santa 397 0.01 15/9/2026 Fe 3% 15/3/2023 $521,000 Broadcom 3.459% 426 0.01 $300,000 Burlington Northern Santa 248 0.01 15/9/2026 Fe 3.05% 15/2/2051 $526,000 Broadcom 4.11% 15/9/2028 440 0.02 $300,000 Burlington Northern Santa 255 0.01 $318,000 Broadcom 4.11% 15/9/2028 266 0.01 Fe 3.25% 15/6/2027 $1,200,000 Broadcom 4.15% 1,010 0.03 $500,000 Burlington Northern Santa 414 0.01 15/11/2030 Fe 3.4% 1/9/2024 $800,000 Broadcom 4.25% 15/4/2026 678 0.02 $200,000 Burlington Northern Santa 153 0.01 $650,000 Broadcom 4.3% 15/11/2032 559 0.02 Fe 3.45% 15/9/2021 $500,000 Broadcom 4.7% 15/4/2025 427 0.01 $400,000 Burlington Northern Santa 356 0.01 $1,200,000 Broadcom 4.75% 15/4/2029 1,052 0.04 Fe 3.55% 15/2/2050 $500,000 Broadcom 5% 15/4/2030 445 0.02 $500,000 Burlington Northern Santa 408 0.01 $1,000,000 Broadcom / Broadcom 777 0.03 Fe 3.85% 1/9/2023 Cayman Finance 2.65% $250,000 Burlington Northern Santa 232 0.01 15/1/2023 Fe 3.9% 1/8/2046 $250,000 Broadcom / Broadcom 200 0.01 $400,000 Burlington Northern Santa 378 0.01 Cayman Finance 3.125% Fe 4.05% 15/6/2048 15/1/2025 $300,000 Burlington Northern Santa 283 0.01 $500,000 Broadcom / Broadcom 404 0.01 Fe 4.125% 15/6/2047 Cayman Finance 3.5% $300,000 Burlington Northern Santa 284 0.01 15/1/2028 Fe 4.15% 1/4/2045 $1,300,000 Broadcom / Broadcom 1,077 0.04 $300,000 Burlington Northern Santa 290 0.01 Cayman Finance 3.875% Fe 4.15% 15/12/2048 15/1/2027 $250,000 Burlington Northern Santa 240 0.01 $500,000 Broadridge Financial 407 0.01 Fe 4.375% 1/9/2042 Solutions 2.9% 1/12/2029

BlackRock Collective Investment Funds 252 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Burlington Northern Santa 476 0.02 $550,000 Canadian National Railway 472 0.02 Fe 4.4% 15/3/2042 3.2% 2/8/2046 $250,000 Burlington Northern Santa 253 0.01 $500,000 Canadian National Railway 459 0.02 Fe 4.7% 1/9/2045 3.65% 3/2/2048 $300,000 Burlington Northern Santa 310 0.01 $250,000 Canadian National Railway 285 0.01 Fe 4.9% 1/4/2044 6.2% 1/6/2036 $200,000 Burlington Northern Santa 202 0.01 $425,000 Canadian Natural 331 0.01 Fe 4.95% 15/9/2041 Resources 2.95% 15/1/2023 $400,000 Burlington Northern Santa 423 0.01 $800,000 Canadian Natural 611 0.02 Fe 5.4% 1/6/2041 Resources 2.95% 15/7/2030 $200,000 Burlington Northern Santa 217 0.01 $150,000 Canadian Natural 115 0.00 Fe 5.75% 1/5/2040 Resources 3.45% $200,000 Burlington Resources 7.2% 217 0.01 15/11/2021 15/8/2031 $300,000 Canadian Natural 242 0.01 $400,000 Cabot 4% 1/7/2029 317 0.01 Resources 3.8% 15/4/2024 $300,000 California Institute of 249 0.01 $600,000 Canadian Natural 522 0.02 Technology 3.65% 1/9/2119 Resources 4.95% 1/6/2047 $500,000 Camden Property Trust 410 0.01 $400,000 Canadian Natural 375 0.01 2.8% 15/5/2030 Resources 6.25% 15/3/2038 $300,000 Camden Property Trust 251 0.01 $100,000 Canadian Natural 95 0.00 3.15% 1/7/2029 Resources 6.5% 15/2/2037 $200,000 Camden Property Trust 166 0.01 $200,000 Canadian Natural 198 0.01 3.35% 1/11/2049 Resources 7.2% 15/1/2032 $500,000 Cameron LNG 2.902% 409 0.01 $500,000 Canadian Pacific Railway 391 0.01 15/7/2031 2.05% 5/3/2030 $500,000 Cameron LNG 3.402% 402 0.01 $400,000 Canadian Pacific Railway 325 0.01 15/1/2038 2.9% 1/2/2025 $450,000 Campbell Soup 2.375% 350 0.01 $100,000 Canadian Pacific Railway 99 0.00 24/4/2030 4.8% 15/9/2035 $150,000 Campbell Soup 3.125% 113 0.00 $400,000 Canadian Pacific Railway 458 0.02 24/4/2050 6.125% 15/9/2115 $286,000 Campbell Soup 3.65% 229 0.01 $100,000 Canadian Pacific Railway 108 0.00 15/3/2023 7.125% 15/10/2031 $400,000 Campbell Soup 4.15% 349 0.01 $400,000 Cantor Fitzgerald LP 328 0.01 15/3/2028 4.875% 1/5/2024 $200,000 Campbell Soup 4.8% 194 0.01 $800,000 Capital One Bank USA NA 633 0.02 15/3/2048 3.375% 15/2/2023 $300,000 Canadian Imperial Bank of 238 0.01 $800,000 Capital One Financial 2.6% 626 0.02 Commerce 2.25% 11/5/2023 28/1/2025 $750,000 Capital One Financial 3.05% 581 0.02 $400,000 Canadian Imperial Bank of 310 0.01 9/3/2022 Commerce 2.606% $600,000 Capital One Financial 3.2% 488 0.02 22/7/2023 5/2/2025 $800,000 Canadian Imperial Bank of 647 0.02 $500,000 Capital One Financial 3.3% 406 0.01 Commerce 3.1% 2/4/2024 30/10/2024 $400,000 Canadian Imperial Bank of 327 0.01 $500,000 Capital One Financial 3.65% 416 0.01 Commerce 3.5% 13/9/2023 11/5/2027 $500,000 Canadian National Railway 410 0.01 $400,000 Capital One Financial 3.75% 328 0.01 2.75% 1/3/2026 28/7/2026 $200,000 Canadian National Railway 153 0.01 $300,000 Capital One Financial 3.75% 249 0.01 2.85% 15/12/2021 9/3/2027

253 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 Capital One Financial 3.8% 250 0.01 $459,000 Caterpillar 3.803% 422 0.01 31/1/2028 15/8/2042 $400,000 Capital One Financial 3.9% 326 0.01 $200,000 Caterpillar 4.75% 15/5/2064 213 0.01 29/1/2024 $300,000 Caterpillar 5.2% 27/5/2041 311 0.01 $500,000 Capital One Financial 4.2% 418 0.01 $500,000 Caterpillar Financial 385 0.01 29/10/2025 Services 1.9% 6/9/2022 $800,000 Capital One Financial 4.25% 682 0.02 $500,000 Caterpillar Financial 380 0.01 30/4/2025 Services 1.931% 1/10/2021 $500,000 Cardinal Health 2.616% 386 0.01 $500,000 Caterpillar Financial 386 0.01 15/6/2022 Services 1.95% 18/11/2022 $300,000 Cardinal Health 3.2% 238 0.01 $1,500,000 Caterpillar Financial 1,192 0.04 15/3/2023 Services 2.15% 8/11/2024 $500,000 Cardinal Health 3.41% 419 0.01 $500,000 Caterpillar Financial 387 0.01 15/6/2027 Services 2.4% 6/6/2022 $300,000 Cardinal Health 4.368% 250 0.01 $200,000 Caterpillar Financial 162 0.01 15/6/2047 Services 2.4% 9/8/2026 $250,000 Cardinal Health 4.9% 221 0.01 $500,000 Caterpillar Financial 403 0.01 15/9/2045 Services 2.85% 17/5/2024 $250,000 Cargill 2.125% 23/4/2030 195 0.01 $500,000 Caterpillar Financial 388 0.01 $250,000 Cargill 3.25% 15/11/2021 193 0.01 Services 2.95% 26/2/2022 $500,000 Cargill 3.25% 23/5/2029 422 0.01 $500,000 Catholic Health Services of 373 0.01 $196,000 Cargill 4.76% 23/11/2045 185 0.01 Long Island Obligated $500,000 Carlisle Cos 3.75% 420 0.01 3.368% 1/7/2050 1/12/2027 $250,000 CBQ Finance 5% 24/5/2023 199 0.01 $150,000 Carlyle II Finance 5.625% 141 0.00 $300,000 CBRE Services 4.875% 260 0.01 30/3/2043 1/3/2026 $100,000 Carlyle Finance 5.65% 96 0.00 $200,000 CBRE Services 5.25% 172 0.01 15/9/2048 15/3/2025 $200,000 Carlyle Finance Subsidiary 159 0.01 $500,000 CCL Industries 3.05% 388 0.01 3.5% 19/9/2029 1/6/2030 $300,000 Carrier Global 1.923% 231 0.01 $200,000 CCL Industries 3.25% 155 0.01 15/2/2023 1/10/2026 $600,000 Carrier Global 2.242% 470 0.02 $500,000 Celanese US 3.5% 8/5/2024 399 0.01 15/2/2025 $300,000 Celulosa Arauco y 238 0.01 $500,000 Carrier Global 2.493% 392 0.01 Constitucion 4.2% 15/2/2027 29/1/2030 $300,000 Carrier Global 2.7% 235 0.01 $300,000 Celulosa Arauco y 239 0.01 15/2/2031 Constitucion 4.25% $600,000 Carrier Global 2.722% 470 0.02 30/4/2029 15/2/2030 $300,000 Celulosa Arauco y 236 0.01 $700,000 Carrier Global 3.377% 543 0.02 Constitucion 5.15% 5/4/2040 29/1/2050 $700,000 Carrier Global 3.577% 554 0.02 $200,000 Celulosa Arauco y 164 0.01 5/4/2050 Constitucion 5.5% 30/4/2049Ø $500,000 Caterpillar 2.6% 26/6/2022 387 0.01 $400,000 Caterpillar 2.6% 19/9/2029 328 0.01 $250,000 Cencosud 6.625% 219 0.01 12/2/2045Ø $300,000 Caterpillar 2.6% 9/4/2030 246 0.01 $300,000 CenterPoint Energy 2.95% 247 0.01 $500,000 Caterpillar 2.6% 9/4/2030 410 0.01 1/3/2030 $400,000 Caterpillar 3.25% 19/9/2049 336 0.01 $500,000 CenterPoint Energy 3.6% 387 0.01 $350,000 Caterpillar 3.25% 9/4/2050 296 0.01 1/11/2021

BlackRock Collective Investment Funds 254 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 CenterPoint Energy 3.85% 246 0.01 $900,000 Charter Communications 716 0.02 1/2/2024 Operating / Charter $200,000 CenterPoint Energy 4.25% 177 0.01 Communications Operating 1/11/2028 Capital 4.464% 23/7/2022 $200,000 CenterPoint Energy Houston 172 0.01 $500,000 Charter Communications 416 0.01 Electric 3.55% 1/8/2042 Operating / Charter $200,000 CenterPoint Energy Houston 188 0.01 Communications Operating Electric 3.95% 1/3/2048 Capital 4.5% 1/2/2024 $400,000 CenterPoint Energy Houston 387 0.01 $850,000 Charter Communications 725 0.03 Electric 4.25% 1/2/2049 Operating / Charter Communications Operating $700,000 CenterPoint Energy 604 0.02 Capital 4.8% 1/3/2050 Resources 4% 1/4/2028 $1,150,000 Charter Communications 999 0.03 $100,000 CenterPoint Energy 102 0.00 Operating / Charter Resources 5.85% 15/1/2041 Communications Operating $550,000 Central Japan Railway 2.8% 423 0.01 Capital 4.908% 23/7/2025 23/2/2022 $400,000 Charter Communications 361 0.01 $300,000 Central Plaza Development 225 0.01 Operating / Charter 3.875% 30/1/2021 Communications Operating $400,000 CF Industries 4.5% 339 0.01 Capital 5.05% 30/3/2029 1/12/2026 $500,000 Charter Communications 439 0.02 $400,000 CH Robinson Worldwide 353 0.01 Operating / Charter 4.2% 15/4/2028 Communications Operating $750,000 Charles Schwab 2.65% 590 0.02 Capital 5.125% 1/7/2049 25/1/2023 $400,000 Charter Communications 365 0.01 $500,000 Charles Schwab 3.2% 419 0.01 Operating / Charter 2/3/2027 Communications Operating $150,000 Charles Schwab 3.225% 118 0.00 Capital 5.375% 1/4/2038Ø 1/9/2022 $500,000 Charter Communications 447 0.02 $500,000 Charles Schwab 3.85% 428 0.01 Operating / Charter 21/5/2025 Communications Operating $1,000,000 Charles Schwab 4.625% 952 0.03 Capital 5.375% 1/5/2047 22/3/2030 $500,000 Charter Communications 447 0.02 $500,000 Charter Communications 393 0.01 Operating / Charter Operating / Charter Communications Operating Communications Operating Capital 5.375% 1/5/2047 Capital 2.8% 1/4/2031 $850,000 Charter Communications 797 0.03 $650,000 Charter Communications 484 0.02 Operating / Charter Operating / Charter Communications Operating Communications Operating Capital 5.75% 1/4/2048 Capital 3.7% 1/4/2051 $400,000 Charter Communications 414 0.01 $500,000 Charter Communications 416 0.01 Operating / Charter Operating / Charter Communications Operating Communications Operating Capital 6.384% 23/10/2035 Capital 3.75% 15/2/2028 $950,000 Charter Communications 969 0.03 $500,000 Charter Communications 428 0.01 Operating / Charter Operating / Charter Communications Operating Communications Operating Capital 6.484% 23/10/2045 Capital 4.2% 15/3/2028 $200,000 Charter Communications 206 0.01 Operating / Charter Communications Operating Capital 6.834% 23/10/2055

255 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 Chengdu Tianfu New Area 155 0.01 $250,000 China Southern Power Grid 192 0.01 Investment 4.65% 7/5/2024 International Finance BVI Ø $600,000 Cheniere Corpus Christi 473 0.02 2.75% 8/5/2022 3.7% 15/11/2029 $250,000 China Southern Power Grid 205 0.01 $500,000 Cheniere Corpus Christi 420 0.01 International Finance BVI 5.125% 30/6/2027 3.5% 8/5/2027 $600,000 Cheniere Corpus Christi 7% 522 0.02 $350,000 China Southern Power Grid 306 0.01 30/6/2024 International Finance BVI $400,000 Chevron 1.141% 11/5/2023 305 0.01 2018 4.25% 18/9/2028 $1,300,000 Chevron 1.554% 11/5/2025 1,011 0.04 $800,000 Choice Hotels International 626 0.02 3.7% 15/1/2031 $500,000 Chevron 2.236% 11/5/2030 399 0.01 $400,000 Chongqing International 296 0.01 $400,000 Chevron 2.411% 3/3/2022 307 0.01 Logistics Hub Park $300,000 Chevron 2.419% 17/11/2020 225 0.01 Construction 3.25% $500,000 Chevron 2.566% 16/5/2023 395 0.01 6/9/2021 $500,000 Chevron 2.895% 3/3/2024 402 0.01 $500,000 Chongqing Nan’an Urban 380 0.01 $700,000 Chevron 2.954% 16/5/2026 582 0.02 Construction & $200,000 Chevron 2.978% 11/5/2040 162 0.01 Development 4.66% $350,000 Chevron 3.078% 11/5/2050 284 0.01 4/6/2024 $550,000 Chevron 3.191% 24/6/2023 440 0.02 $200,000 Chubb 6% 11/5/2037 222 0.01 $25,000 Chevron 3.326% 17/11/2025 21 0.00 $200,000 Chubb 6.5% 15/5/2038 233 0.01 $500,000 Chevron Phillips Chemical / 410 0.01 $150,000 Chubb INA 2.3% 3/11/2020 112 0.00 Chevron Phillips Chemical $600,000 Chubb INA 3.35% 493 0.02 LP 3.4% 1/12/2026 15/5/2024 $500,000 Chevron Phillips Chemical / 442 0.02 $500,000 Chubb INA 3.35% 3/5/2026 427 0.01 Chevron Phillips Chemical $200,000 Chubb INA 4.15% 190 0.01 LP 5.125% 1/4/2025 13/3/2043 $500,000 Chevron USA 0.333% 374 0.01 $350,000 Chubb INA 4.35% 349 0.01 12/8/2022 3/11/2045 $300,000 Chevron USA 0.687% 225 0.01 $200,000 Chubb INA 6.7% 15/5/2036 230 0.01 12/8/2025 $300,000 Church & Dwight 2.45% 232 0.01 $300,000 Chevron USA 1.018% 224 0.01 1/8/2022 12/8/2027 $300,000 Church & Dwight 3.95% 266 0.01 $300,000 Chevron USA 2.343% 214 0.01 1/8/2047 12/8/2050 $500,000 CICC Hong Kong Finance 375 0.01 $500,000 Children’s Hospital 2.585% 368 0.01 2016 MTN 1.75% 10/8/2023 1/2/2050 $500,000 Cigna 2.4% 15/3/2030 392 0.01 $500,000 China Huadian Overseas 383 0.01 $500,000 Cigna 3% 15/7/2023 399 0.01 Development 2018 3.375% $500,000 Cigna 3.05% 15/10/2027 414 0.01 Perpetual 23/12/2168 $200,000 Cigna 3.2% 15/3/2040 159 0.01 $700,000 China Huaneng Hong Kong 544 0.02 $600,000 Cigna 3.4% 1/3/2027 502 0.02 Treasury Management 2.6% 10/12/2024 $300,000 Cigna 3.4% 15/3/2050 241 0.01 $600,000 China Mengniu Dairy 3% 469 0.02 $200,000 Cigna 3.5% 15/6/2024 164 0.01 18/7/2024 $831,000 Cigna 3.75% 15/7/2023 676 0.02 $500,000 China Merchants Finance 422 0.01 $300,000 Cigna 3.875% 15/10/2047 256 0.01 4.75% 3/8/2025 $200,000 Cigna 3.9% 15/2/2022 157 0.01 $200,000 China Railway Xunjie 3.25% 162 0.01 $750,000 Cigna 4.125% 15/11/2025 648 0.02 28/7/2026 $1,000,000 Cigna 4.375% 15/10/2028 895 0.03 $500,000 Cigna 4.5% 25/2/2026 439 0.02 $900,000 Cigna 4.8% 15/8/2038 849 0.03

BlackRock Collective Investment Funds 256 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$600,000 Cigna 4.8% 15/7/2046 581 0.02 $850,000 Citigroup 3.668% 24/7/2028 717 0.02 $750,000 Cigna 4.9% 15/12/2048 750 0.03 $300,000 Citigroup 3.7% 12/1/2026 254 0.01 $300,000 Cigna 4.9% 15/12/2048 300 0.01 $400,000 Citigroup 3.875% 329 0.01 $21,000 Cigna 6.125% 15/11/2041 23 0.00 25/10/2023 $300,000 Cimarex Energy 4.375% 241 0.01 $300,000 Citigroup 3.875% 26/3/2025 249 0.01 1/6/2024 $300,000 Citigroup 3.878% 24/1/2039 267 0.01 $500,000 Cimarex Energy 4.375% 399 0.01 $800,000 Citigroup 3.887% 10/1/2028 682 0.02 15/3/2029 $900,000 Citigroup 3.98% 20/3/2030 780 0.03 $200,000 Cincinnati Financial 6.92% 198 0.01 $300,000 Citigroup 4% 5/8/2024 247 0.01 15/5/2028 $1,100,000 Citigroup 4.044% 1/6/2024 893 0.03 $500,000 Cintas No 2 2.9% 1/4/2022 387 0.01 $700,000 Citigroup 4.075% 23/4/2029 609 0.02 $300,000 Cintas No 2 3.7% 1/4/2027 256 0.01 $1,000,000 Citigroup 4.125% 25/7/2028 858 0.03 $500,000 Cisco Systems 1.85% 379 0.01 $300,000 Citigroup 4.281% 24/4/2048 290 0.01 20/9/2021 $600,000 Citigroup 4.3% 20/11/2026 517 0.02 $500,000 Cisco Systems 2.2% 394 0.01 $700,000 Citigroup 4.4% 10/6/2025 596 0.02 20/9/2023 $2,000,000 Citigroup 4.412% 31/3/2031 1,818 0.06 $650,000 Cisco Systems 2.5% 537 0.02 $1,050,000 Citigroup 4.45% 29/9/2027 912 0.03 20/9/2026 $850,000 Citigroup 4.5% 14/1/2022 671 0.02 $750,000 Cisco Systems 2.6% 592 0.02 28/2/2023 $750,000 Citigroup 4.6% 9/3/2026 651 0.02 $200,000 Cisco Systems 3% 157 0.01 $200,000 Citigroup 4.65% 30/7/2045 193 0.01 15/6/2022 $800,000 Citigroup 4.65% 23/7/2048 804 0.03 $300,000 Cisco Systems 3.5% 256 0.01 $600,000 Citigroup 4.75% 18/5/2046 574 0.02 15/6/2025 $600,000 Citigroup 5.3% 6/5/2044 603 0.02 $550,000 Cisco Systems 5.5% 604 0.02 $1,000,000 Citigroup 5.316% 26/3/2041 1,046 0.04 15/1/2040 $500,000 Citigroup 5.5% 13/9/2025 445 0.02 $600,000 Cisco Systems 5.9% 680 0.02 $200,000 Citigroup 5.875% 30/1/2042 221 0.01 15/2/2039 $300,000 Citigroup 6.125% 25/8/2036 304 0.01 $400,000 Citadel LP 4.875% 319 0.01 $300,000 Citigroup 6.625% 15/6/2032 316 0.01 15/1/2027 $450,000 Citigroup 8.125% 15/7/2039 593 0.02 $800,000 Citibank NA 3.65% 658 0.02 $800,000 Citizens Bank 636 0.02 23/1/2024 NA/Providence RI 2.25% $500,000 Citigroup 1.678% 15/5/2024 383 0.01 28/4/2025 $400,000 Citigroup 2.312% 4/11/2022 305 0.01 $500,000 Citizens Bank 388 0.01 $700,000 Citigroup 2.35% 2/8/2021 532 0.02 NA/Providence RI 3.25% $1,200,000 Citigroup 2.572% 3/6/2031 949 0.03 14/2/2022 $800,000 Citigroup 2.666% 29/1/2031 636 0.02 $500,000 Citizens Bank 429 0.01 $500,000 Citigroup 2.7% 27/10/2022 391 0.01 NA/Providence RI 3.75% $1,500,000 Citigroup 2.75% 25/4/2022 1,160 0.04 18/2/2026 $500,000 Citigroup 2.876% 24/7/2023 389 0.01 $300,000 Citizens Financial 2.5% 237 0.01 6/2/2030 $500,000 Citigroup 2.9% 8/12/2021 385 0.01 $400,000 Citizens Financial 4.3% 344 0.01 $1,100,000 Citigroup 2.976% 5/11/2030 893 0.03 3/12/2025 $1,000,000 Citigroup 3.106% 8/4/2026 812 0.03 $500,000 Citrix Systems 4.5% 427 0.01 $1,000,000 Citigroup 3.142% 24/1/2023 772 0.03 1/12/2027 $400,000 Citigroup 3.2% 21/10/2026 333 0.01 $300,000 CK Hutchison International 226 0.01 $600,000 Citigroup 3.3% 27/4/2025 498 0.02 16 1.875% 3/10/2021 $700,000 Citigroup 3.352% 24/4/2025 569 0.02 $500,000 CK Hutchison International 389 0.01 $550,000 Citigroup 3.5% 15/5/2023 440 0.02 17 II 2.75% 29/3/2023 $700,000 Citigroup 3.52% 27/10/2028 585 0.02

257 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 CK Hutchison International 247 0.01 $600,000 CNH Industrial Capital 461 0.02 17 II 3.25% 29/9/2027 3.875% 15/10/2021 $300,000 CK Hutchison International 239 0.01 $300,000 CNO Financial 5.25% 261 0.01 19 3.25% 11/4/2024 30/5/2029 $400,000 CK Hutchison International 339 0.01 $400,000 Coastal Emerald 4.3% 308 0.01 19 3.625% 11/4/2029 Perpetual 1/2/2169 $300,000 CK Hutchison International 239 0.01 $100,000 Coca-Cola 1.55% 1/9/2021 76 0.00 19 II 2.75% 6/9/2029 $500,000 Coca-Cola 1.65% 1/6/2030 387 0.01 $300,000 CK Hutchison International 251 0.01 $500,000 Coca-Cola 1.75% 6/9/2024 392 0.01 19 II 3.375% 6/9/2049 $500,000 Coca-Cola 2.125% 6/9/2029 401 0.01 $300,000 CK Hutchison International 236 0.01 $400,000 Coca-Cola 2.2% 25/5/2022 309 0.01 20 2.5% 8/5/2030 $400,000 Coca-Cola 2.5% 1/6/2040 309 0.01 $500,000 CK Hutchison International 421 0.01 $400,000 Coca-Cola 2.55% 1/6/2026 329 0.01 20 3.375% 8/5/2050Ø $500,000 Coca-Cola 2.6% 1/6/2050 380 0.01 $250,000 Cleco Corporate 4.973% 210 0.01 $300,000 Coca-Cola 2.75% 1/6/2060 228 0.01 1/5/2046 $700,000 Coca-Cola 2.875% 579 0.02 $400,000 Clorox 3.8% 15/11/2021 311 0.01 27/10/2025 $500,000 Clorox 3.9% 15/5/2028 444 0.02 $500,000 Coca-Cola 2.9% 25/5/2027 420 0.01 $300,000 Cloverie for Zurich 262 0.01 $500,000 Coca-Cola 2.95% 25/3/2025 412 0.01 Insurance 5.625% 24/6/2046Ø $500,000 Coca-Cola 3.2% 1/11/2023 407 0.01 $500,000 Coca-Cola 3.3% 1/9/2021 385 0.01 $300,000 CLP Power Hong Kong 228 0.01 Financing 2.125% $300,000 Coca-Cola 3.375% 259 0.01 30/6/2030 25/3/2027 $200,000 CLP Power Hong Kong 155 0.01 $700,000 Coca-Cola 3.45% 25/3/2030 625 0.02 Financing 2.875% $150,000 Coca-Cola 4.125% 144 0.01 26/4/2023 25/3/2040 $500,000 CMB International Leasing 377 0.01 $400,000 Coca-Cola 4.2% 25/3/2050 395 0.01 Management 2.75% $700,000 Coca-Cola Femsa 1.85% 523 0.02 12/8/2030 1/9/2032 $500,000 CMB International Leasing 388 0.01 $600,000 Coca-Cola Femsa 2.75% 482 0.02 Management 3% 3/7/2024 22/1/2030 $500,000 CME 3% 15/9/2022 394 0.01 $600,000 Colbun 3.15% 6/3/2030 484 0.02 $250,000 CME 4.15% 15/6/2048 246 0.01 $400,000 Colgate-Palmolive 1.95% 311 0.01 $200,000 CME 5.3% 15/9/2043 219 0.01 1/2/2023 $300,000 CMHI Finance BVI 5% 266 0.01 $300,000 Colgate-Palmolive 3.25% 246 0.01 6/8/2028 15/3/2024 $200,000 CMS Energy 3.45% 168 0.01 $250,000 Colgate-Palmolive 3.7% 245 0.01 15/8/2027 1/8/2047 $200,000 CMS Energy 4.875% 200 0.01 $300,000 Colgate-Palmolive 4% 303 0.01 1/3/2044 15/8/2045 $250,000 CMS Energy 5.05% 197 0.01 $500,000 Colonial Enterprises 3.25% 415 0.01 15/3/2022 15/5/2030 $475,000 CNA Financial 3.45% 392 0.01 $150,000 Colonial Pipeline 4.2% 123 0.00 15/8/2027 15/4/2043 $400,000 CNA Financial 3.95% 330 0.01 $200,000 Colonial Pipeline 4.25% 170 0.01 15/5/2024 15/4/2048 $100,000 CNA Financial 5.75% 78 0.00 $600,000 Columbia Pipeline 4.5% 522 0.02 15/8/2021 1/6/2025 $500,000 CNH Industrial 3.85% 405 0.01 $600,000 Comcast 1.5% 15/2/2031 446 0.02 15/11/2027 $500,000 Comcast 1.95% 15/1/2031 385 0.01

BlackRock Collective Investment Funds 258 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$600,000 Comcast 2.35% 15/1/2027 482 0.02 $300,000 Comcast Cable 270 0.01 $500,000 Comcast 2.45% 15/8/2052 358 0.01 Communications 9.455% $400,000 Comcast 2.65% 1/2/2030 326 0.01 15/11/2022 $500,000 Comcast 2.65% 15/8/2062 361 0.01 $500,000 Comerica Bank 2.5% 398 0.01 23/7/2024 $600,000 Comcast 2.8% 15/1/2051 454 0.02 $380,000 Cometa Energia de 6.375% 306 0.01 $700,000 Comcast 3% 1/2/2024 565 0.02 24/4/2035 $800,000 Comcast 3.1% 1/4/2025 661 0.02 $500,000 CommonSpirit Health 2.95% 389 0.01 $500,000 Comcast 3.125% 15/7/2022 392 0.01 1/11/2022 $600,000 Comcast 3.15% 1/3/2026 503 0.02 $500,000 CommonSpirit Health 398 0.01 $500,000 Comcast 3.15% 15/2/2028 423 0.01 3.347% 1/10/2029 $325,000 Comcast 3.2% 15/7/2036 273 0.01 $300,000 CommonSpirit Health 252 0.01 $500,000 Comcast 3.25% 1/11/2039 414 0.01 3.817% 1/10/2049 $400,000 Comcast 3.3% 1/2/2027 337 0.01 $300,000 CommonSpirit Health 240 0.01 $500,000 Comcast 3.3% 1/4/2027 425 0.01 4.187% 1/10/2049 $500,000 Comcast 3.375% 15/8/2025 418 0.01 $250,000 Commonwealth Bank of 190 0.01 $500,000 Comcast 3.4% 1/4/2030 431 0.01 Australia 2% 6/9/2021 $300,000 Comcast 3.4% 15/7/2046 249 0.01 $400,000 Commonwealth Bank of 328 0.01 $750,000 Comcast 3.45% 1/2/2050 631 0.02 Australia 2.625% 6/9/2026 $500,000 Comcast 3.55% 1/5/2028 434 0.02 $800,000 Commonwealth Bank of 675 0.02 $500,000 Comcast 3.6% 1/3/2024 414 0.01 Australia 3.15% 19/9/2027 $400,000 Comcast 3.7% 15/4/2024 332 0.01 $500,000 Commonwealth Bank of 380 0.01 Australia 3.375% $700,000 Comcast 3.75% 1/4/2040 619 0.02 20/10/2026 $500,000 Comcast 3.9% 1/3/2038 447 0.02 $500,000 Commonwealth Bank of 401 0.01 $300,000 Comcast 3.95% 15/10/2025 258 0.01 Australia 3.45% 16/3/2023Ø $1,000,000 Comcast 3.95% 15/10/2025 861 0.03 $400,000 Commonwealth Bank of 328 0.01 $500,000 Comcast 3.969% 1/11/2047 449 0.02 Australia 3.61% 12/9/2034 $400,000 Comcast 3.999% 1/11/2049 363 0.01 $500,000 Commonwealth Bank of 420 0.01 $400,000 Comcast 4% 15/8/2047 362 0.01 Australia 3.743% 12/9/2039 $300,000 Comcast 4% 1/3/2048 272 0.01 $500,000 Commonwealth Bank of 461 0.02 $500,000 Comcast 4.049% 1/11/2052 456 0.02 Australia 3.9% 12/7/2047 $1,500,000 Comcast 4.15% 15/10/2028 1,359 0.05 $400,000 Commonwealth Bank of 363 0.01 $350,000 Comcast 4.25% 15/10/2030 323 0.01 Australia 4.316% 10/1/2048 $300,000 Comcast 4.25% 15/10/2030 277 0.01 $250,000 Commonwealth Bank of 189 0.01 $500,000 Comcast 4.25% 15/1/2033 467 0.02 Australia/New York NY $250,000 Comcast 4.4% 15/8/2035 238 0.01 2.55% 15/3/2021 $300,000 Comcast 4.5% 15/1/2043 284 0.01 $500,000 Commonwealth Edison 398 0.01 2.2% 1/3/2030 $700,000 Comcast 4.6% 15/10/2038 673 0.02 $200,000 Commonwealth Edison 3% 161 0.01 $200,000 Comcast 4.6% 15/10/2038 192 0.01 1/3/2050 $250,000 Comcast 4.6% 15/8/2045 242 0.01 $200,000 Commonwealth Edison 165 0.01 $600,000 Comcast 4.65% 15/7/2042 580 0.02 3.2% 15/11/2049 $1,100,000 Comcast 4.7% 15/10/2048 1,105 0.04 $200,000 Commonwealth Edison 177 0.01 $1,000,000 Comcast 4.7% 15/10/2048 1,004 0.03 3.65% 15/6/2046 $850,000 Comcast 4.95% 15/10/2058 915 0.03 $500,000 Commonwealth Edison 436 0.02 $600,000 Comcast 5.65% 15/6/2035 639 0.02 3.7% 15/8/2028 $250,000 Comcast 6.45% 15/3/2037 282 0.01 $300,000 Commonwealth Edison 4% 283 0.01 $450,000 Comcast 6.5% 15/11/2035 515 0.02 1/3/2048 $500,000 Comcast 6.95% 15/8/2037 590 0.02 $200,000 Commonwealth Edison 195 0.01 $300,000 Comcast 7.05% 15/3/2033 343 0.01 4.6% 15/8/2043

259 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$350,000 Commonwealth Edison 349 0.01 $300,000 Consolidated Edison of 265 0.01 4.7% 15/1/2044 New York 4% 15/11/2057 $150,000 Commonwealth Edison 162 0.01 $300,000 Consolidated Edison of 277 0.01 5.9% 15/3/2036 New York 4.125% 15/5/2049 $500,000 Community Health Network 367 0.01 $300,000 Consolidated Edison of 278 0.01 3.099% 1/5/2050 New York 4.3% 1/12/2056 $500,000 Conagra Brands 3.2% 394 0.01 $300,000 Consolidated Edison of 284 0.01 25/1/2023 New York 4.5% 1/12/2045 $900,000 Conagra Brands 4.6% 781 0.03 $300,000 Consolidated Edison of 295 0.01 1/11/2025 New York 4.625% 1/12/2054 $500,000 Conagra Brands 4.85% 456 0.02 $300,000 Consolidated Edison of 294 0.01 1/11/2028 New York 4.65% 1/12/2048 $300,000 Conagra Brands 5.3% 289 0.01 $300,000 Consolidated Edison of 309 0.01 1/11/2038 New York 5.5% 1/12/2039 $400,000 Conagra Brands 5.4% 412 0.01 $500,000 Constellation Brands 2.7% 386 0.01 1/11/2048 9/5/2022 $500,000 Concho Resources 3.75% 410 0.01 $200,000 Constellation Brands 160 0.01 1/10/2027 2.875% 1/5/2030 $500,000 Concho Resources 4.3% 422 0.01 $300,000 Constellation Brands 3.15% 244 0.01 15/8/2028 1/8/2029 $350,000 Concho Resources 4.85% 303 0.01 $600,000 Constellation Brands 3.6% 505 0.02 15/8/2048 15/2/2028 $300,000 Connecticut Light and 287 0.01 $800,000 Constellation Brands 3.7% 687 0.02 Power 4% 1/4/2048 6/12/2026 $300,000 Connecticut Light and 290 0.01 $200,000 Constellation Brands 3.75% 165 0.01 Power 4.3% 15/4/2044 1/5/2050 $500,000 ConocoPhillips 4.15% 432 0.02 $700,000 Constellation Brands 4.65% 628 0.02 15/11/2034 15/11/2028 $300,000 ConocoPhillips 4.3% 285 0.01 $250,000 Constellation Brands 5.25% 250 0.01 15/11/2044 15/11/2048 $1,500,000 ConocoPhillips 4.95% 1,350 0.05 $400,000 Consumers Energy 2.5% 290 0.01 15/3/2026 1/5/2060 $400,000 ConocoPhillips 5.9% 424 0.01 $400,000 Consumers Energy 2.85% 310 0.01 15/5/2038 15/5/2022 $400,000 ConocoPhillips 5.95% 453 0.02 $300,000 Consumers Energy 3.1% 247 0.01 15/3/2046 15/8/2050 $700,000 ConocoPhillips 6.5% 792 0.03 $300,000 Consumers Energy 3.75% 276 0.01 1/2/2039 15/2/2050 $1,400,000 Consolidated Edison of 1,211 0.04 $200,000 Consumers Energy 3.95% 186 0.01 New York 3.35% 1/4/2030 15/7/2047 $500,000 Consolidated Edison of 428 0.01 $200,000 Consumers Energy 4.35% 201 0.01 New York 3.7% 15/11/2059 15/4/2049 $500,000 Consolidated Edison of 435 0.02 $131,094 Continental Airlines 2012- 92 0.00 New York 3.8% 15/5/2028 1 Class A Pass Through $200,000 Consolidated Edison of 174 0.01 Trust 4.15% 11/10/2025 New York 3.85% 15/6/2046 $200,000 Controladora Mabe de 5.6% 164 0.01 $400,000 Consolidated Edison of 358 0.01 23/10/2028 New York 3.95% 1/4/2050 $400,000 Cooperatieve Rabobank UA 303 0.01 $500,000 Consolidated Edison of 445 0.02 1.339% 24/6/2026 New York 4% 1/12/2028 $300,000 Cooperatieve Rabobank UA 240 0.01 2.625% 22/7/2024

BlackRock Collective Investment Funds 260 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Cooperatieve Rabobank UA 421 0.01 $150,000 Covidien International 117 0.00 3.75% 21/7/2026 Finance 3.2% 15/6/2022 $1,000,000 Cooperatieve Rabobank UA 785 0.03 $600,000 Cox Communications 3.15% 486 0.02 3.875% 8/2/2022 15/8/2024 $750,000 Cooperatieve Rabobank UA 616 0.02 $200,000 Cox Communications 3.25% 158 0.01 3.875% 26/9/2023 15/12/2022 $400,000 Cooperatieve Rabobank UA 320 0.01 $500,000 Cox Communications 3.35% 416 0.01 4% 10/4/2029 15/9/2026 $900,000 Cooperatieve Rabobank UA 767 0.03 $300,000 Cox Communications 3.5% 252 0.01 4.375% 4/8/2025 15/8/2027 $600,000 Cooperatieve Rabobank UA 663 0.02 $250,000 Cox Communications 4.5% 227 0.01 5.25% 24/5/2041 30/6/2043 $300,000 Cooperatieve Rabobank UA 315 0.01 $300,000 Cox Communications 4.6% 281 0.01 5.25% 4/8/2045 15/8/2047 $500,000 Cooperatieve Rabobank UA 548 0.02 $500,000 Cox Communications 4.8% 469 0.02 5.75% 1/12/2043 1/2/2035 $300,000 Cooperatieve Rabobank 232 0.01 $400,000 Credit Agricole 3.25% 324 0.01 UA/NY 2.75% 10/1/2022 14/1/2030 $400,000 Cooperatieve Rabobank 315 0.01 $400,000 Credit Agricole 4% 332 0.01 UA/NY 2.75% 10/1/2023 10/1/2033 $500,000 Corning 2.9% 15/5/2022 386 0.01 $350,000 Credit Agricole 4.375% 290 0.01 $600,000 Corning 3.9% 15/11/2049 517 0.02 17/3/2025 $200,000 Corning 4.375% 15/11/2057 183 0.01 $500,000 Credit Agricole SA/London 385 0.01 $100,000 Corning 4.75% 15/3/2042 94 0.00 1.907% 16/6/2026 $200,000 Corning 5.45% 15/11/2079 187 0.01 $300,000 Credit Agricole SA/London 238 0.01 2.375% 22/1/2025 $250,000 Corning 5.85% 15/11/2068 251 0.01 $600,000 Credit Agricole SA/London 489 0.02 $300,000 Corporate Office Properties 232 0.01 3.25% 4/10/2024 LP 3.6% 15/5/2023 $500,000 Credit Agricole SA/London 387 0.01 $500,000 Costco Wholesale 1.375% 382 0.01 3.375% 10/1/2022 20/6/2027 $300,000 Credit Agricole SA/London 258 0.01 $500,000 Costco Wholesale 1.6% 380 0.01 4.125% 10/1/2027 20/4/2030 $500,000 Credit Suisse 2.193% 386 0.01 $500,000 Costco Wholesale 1.75% 384 0.01 5/6/2026 20/4/2032 $1,300,000 Credit Suisse 2.593% 1,017 0.04 $400,000 Costco Wholesale 2.3% 309 0.01 11/9/2025 18/5/2022 $750,000 Credit Suisse 3.574% 582 0.02 $300,000 Costco Wholesale 2.75% 242 0.01 9/1/2023 18/5/2024 $400,000 Credit Suisse 3.869% 336 0.01 $500,000 Country Garden 4.8% 376 0.01 12/1/2029 6/8/2030 $1,400,000 Credit Suisse 4.194% 1,219 0.04 $800,000 Country Garden 5.125% 622 0.02 1/4/2031 17/1/2025Ø $1,000,000 Credit Suisse 4.207% 812 0.03 $300,000 Country Garden 5.625% 237 0.01 12/6/2024 14/1/2030 $750,000 Credit Suisse 4.282% 638 0.02 $500,000 Country Garden 6.5% 403 0.01 9/1/2028 8/4/2024 $900,000 Credit Suisse Funding 745 0.03 $400,000 Country Garden 7.25% 332 0.01 Guernsey 3.75% 26/3/2025 8/4/2026 $1,200,000 Credit Suisse Funding 953 0.03 $800,000 Country Garden 8% 653 0.02 Guernsey 3.8% 15/9/2022 27/1/2024

261 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Credit Suisse Funding 404 0.01 $400,000 CSX 3.4% 1/8/2024 331 0.01 Guernsey 3.8% 9/6/2023 $200,000 CSX 3.8% 1/3/2028 174 0.01 $900,000 Credit Suisse Funding 789 0.03 $300,000 CSX 3.8% 1/11/2046 261 0.01 Guernsey 4.55% 17/4/2026 $300,000 CSX 3.8% 15/4/2050 270 0.01 $500,000 Credit Suisse Funding 508 0.02 $200,000 CSX 3.95% 1/5/2050 183 0.01 Guernsey 4.875% $350,000 CSX 4.1% 15/3/2044 321 0.01 15/5/2045 $100,000 CSX 4.25% 1/6/2021 76 0.00 $1,000,000 Credit Suisse AG/New York 759 0.03 $500,000 CSX 4.25% 15/3/2029 449 0.02 NY 1% 5/5/2023 $300,000 CSX 4.25% 1/11/2066 279 0.01 $500,000 Credit Suisse AG/New York 388 0.01 NY 2.8% 8/4/2022 $200,000 CSX 4.3% 1/3/2048 190 0.01 $500,000 Credit Suisse AG/New York 410 0.01 $100,000 CSX 4.4% 1/3/2043 92 0.00 NY 2.95% 9/4/2025 $300,000 CSX 4.75% 30/5/2042 290 0.01 $500,000 Credit Suisse AG/New York 385 0.01 $300,000 CSX 4.75% 15/11/2048 302 0.01 NY 3% 29/10/2021 $100,000 CSX 5.5% 15/4/2041 102 0.00 $400,000 Credit Suisse AG/New York 333 0.01 $400,000 CSX 6% 1/10/2036 417 0.01 NY 3.625% 9/9/2024 $300,000 CubeSmart LP 4.375% 262 0.01 $200,000 Credit Suisse USA 7.125% 231 0.01 15/2/2029 15/7/2032 $500,000 Cummins 1.5% 1/9/2030 372 0.01 $500,000 CRH America 3.875% 423 0.01 $500,000 Cummins 2.6% 1/9/2050 367 0.01 18/5/2025 $500,000 Cummins 3.65% 1/10/2023 408 0.01 $200,000 CRH America 5.125% 179 0.01 $500,000 CVS Health 1.3% 21/8/2027 372 0.01 18/5/2045 $400,000 CVS Health 1.75% 295 0.01 $400,000 CRH America Finance 338 0.01 21/8/2030 3.95% 4/4/2028 $300,000 CVS Health 2.625% 240 0.01 $300,000 CRH America Finance 4.4% 252 0.01 15/8/2024 9/5/2047 $1,000,000 CVS Health 2.7% 21/8/2040 731 0.03 $800,000 Crown Castle International 638 0.02 $750,000 CVS Health 2.75% 587 0.02 3.15% 15/7/2023 1/12/2022 $500,000 Crown Castle International 405 0.01 $750,000 CVS Health 2.875% 610 0.02 3.2% 1/9/2024 1/6/2026 $300,000 Crown Castle International 233 0.01 $700,000 CVS Health 3% 15/8/2026 574 0.02 3.25% 15/1/2051 $500,000 CVS Health 3.25% 415 0.01 $500,000 Crown Castle International 416 0.01 15/8/2029 3.3% 1/7/2030 $500,000 CVS Health 3.5% 20/7/2022 394 0.01 $500,000 Crown Castle International 422 0.01 $800,000 CVS Health 3.625% 676 0.02 3.7% 15/6/2026 1/4/2027 $500,000 Crown Castle International 427 0.01 $1,432,000 CVS Health 3.7% 9/3/2023 1,151 0.04 3.8% 15/2/2028 $500,000 CVS Health 3.75% 1/4/2030 432 0.02 $300,000 Crown Castle International 258 0.01 $500,000 CVS Health 3.875% 423 0.01 4% 1/3/2027 20/7/2025 $200,000 Crown Castle International 176 0.01 $641,000 CVS Health 4.1% 25/3/2025 546 0.02 4.15% 1/7/2050 $600,000 CVS Health 4.125% 521 0.02 $300,000 Crown Castle International 260 0.01 1/4/2040 4.45% 15/2/2026 $400,000 CVS Health 4.25% 1/4/2050 357 0.01 $400,000 Crown Castle International 382 0.01 4.75% 15/5/2047 $3,100,000 CVS Health 4.3% 25/3/2028 2,726 0.09 $500,000 CSX 2.4% 15/2/2030 394 0.01 $1,300,000 CVS Health 4.78% 1,193 0.04 25/3/2038 $500,000 CSX 2.6% 1/11/2026 408 0.01 $300,000 CVS Health 4.875% 286 0.01 $400,000 CSX 3.35% 1/11/2025 338 0.01 20/7/2035 $300,000 CSX 3.35% 15/9/2049 252 0.01

BlackRock Collective Investment Funds 262 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$2,700,000 CVS Health 5.05% 2,630 0.09 $250,000 Dayton Power & Light 3.95% 203 0.01 25/3/2048 15/6/2049 $900,000 CVS Health 5.125% 870 0.03 $300,000 DBS 2.85% 16/4/2022 231 0.01 20/7/2045 $500,000 DBS 3.6% Perpetual 379 0.01 $100,000 CVS Health 5.3% 5/12/2043 98 0.00 7/3/2169 $300,000 CyrusOne LP / CyrusOne 245 0.01 $250,000 DBS 4.52% 11/12/2028 203 0.01 Finance 3.45% 15/11/2029 $500,000 Deere & 2.75% 15/4/2025 409 0.01 $600,000 Dai-ichi Life Insurance 4% 488 0.02 $200,000 Deere & 2.875% 7/9/2049 163 0.01 Perpetual 24/1/2169 $600,000 Deere & 3.1% 15/4/2030 513 0.02 $200,000 Dai-ichi Life Insurance 5.1% 167 0.01 $300,000 Deere & 3.75% 15/4/2050 275 0.01 Perpetual 28/4/2169 $250,000 Deere & 3.9% 9/6/2042Ø 239 0.01 $500,000 Daimler Finance North 382 0.01 $400,000 Delek & Avner Tamar Bond 300 0.01 America 1.75% 10/3/2023 5.082% 30/12/2023Ø $350,000 Daimler Finance North 266 0.01 $500,000 Dell International / EMC 4% 403 0.01 America 2.625% 10/3/2030 15/7/2024 $500,000 Daimler Finance North 384 0.01 $600,000 Dell International / EMC 507 0.02 America 2.85% 6/1/2022 4.9% 1/10/2026 $300,000 Daimler Finance North 238 0.01 $600,000 Dell International / EMC 507 0.02 America 3.1% 15/8/2029 4.9% 1/10/2026 $500,000 Daimler Finance North 403 0.01 $500,000 Dell International / EMC 426 0.01 America 3.25% 1/8/2024 5.3% 1/10/2029 $500,000 Daimler Finance North 405 0.01 $1,200,000 Dell International / EMC 990 0.03 America 3.65% 22/2/2024 5.45% 15/6/2023 $1,000,000 Daimler Finance North 801 0.03 $500,000 Dell International / EMC 437 0.02 America 3.7% 4/5/2023 5.85% 15/7/2025 $600,000 Daimler Finance North 464 0.02 $695,000 Dell International / EMC 613 0.02 America 3.75% 5/11/2021 6.02% 15/6/2026 $750,000 Daimler Finance North 619 0.02 $200,000 Dell International / EMC 176 0.01 America 3.75% 22/2/2028 6.1% 15/7/2027 $450,000 Daimler Finance North 517 0.02 $300,000 Dell International / EMC 271 0.01 America 8.5% 18/1/2031 6.2% 15/7/2030 $300,000 Daiwa 3.129% 19/4/2022 232 0.01 $500,000 Dell International / EMC 497 0.02 $150,000 Danaher 4.375% 15/9/2045 146 0.01 8.1% 15/7/2036 $400,000 Danone 2.077% 2/11/2021 304 0.01 $650,000 Dell International / EMC 656 0.02 $500,000 Danone 2.589% 2/11/2023 394 0.01 8.35% 15/7/2046 $600,000 Danone 2.947% 2/11/2026 499 0.02 $300,000 Delmarva Power & Light 273 0.01 $450,000 Danone 3% 15/6/2022 350 0.01 4.15% 15/5/2045 $450,000 Danske Bank 1.226% 340 0.01 $1,300,000 Delta Air Lines 7% 1/5/2025 1,063 0.04 22/6/2024 $36,652 Delta Air Lines 2007-1 Class 27 0.00 $600,000 Danske Bank 3.001% 458 0.02 A Pass Through Trust 20/9/2022 6.821% 10/2/2024 $350,000 Danske Bank 3.244% 281 0.01 $700,000 Deutsche Bank 4.1% 563 0.02 20/12/2025 13/1/2026 $500,000 Danske Bank 3.875% 403 0.01 $300,000 Deutsche Bank AG/London 239 0.01 12/9/2023 3.7% 30/5/2024 $400,000 Danske Bank 5% 12/1/2023 314 0.01 $300,000 Deutsche Bank AG/New 232 0.01 $300,000 Danske Bank 5.375% 254 0.01 York NY 3.3% 16/11/2022 12/1/2024 $500,000 Deutsche Bank AG/New 399 0.01 $500,000 Darden Restaurants 3.85% 385 0.01 York NY 3.7% 30/5/2024 1/5/2027

263 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 Deutsche Bank AG/New 316 0.01 $300,000 Diageo Capital 5.875% 323 0.01 York NY 3.95% 27/2/2023 30/9/2036 $500,000 Deutsche Bank AG/New 401 0.01 $300,000 Diageo Investment 2.875% 233 0.01 York NY 3.961% 26/11/2025 11/5/2022 $500,000 Deutsche Bank AG/New 398 0.01 $200,000 Diageo Investment 4.25% 188 0.01 York NY 4.1% 13/1/2026 11/5/2042 $700,000 Deutsche Bank AG/New 550 0.02 $500,000 Diageo Investment 8% 428 0.01 York NY 5% 14/2/2022 15/9/2022 $500,000 Deutsche Telekom 3.625% 415 0.01 $300,000 Diamondback Energy 231 0.01 21/1/2050 2.875% 1/12/2024 $300,000 Deutsche Telekom 251 0.01 $700,000 Diamondback Energy 3.5% 532 0.02 International Finance 3.6% 1/12/2029 19/1/2027 $500,000 Diamondback Energy 410 0.01 $1,000,000 Deutsche Telekom 892 0.03 4.75% 31/5/2025 International Finance $500,000 DIB Sukuk 2.95% 16/1/2026 386 0.01 4.375% 21/6/2028 $500,000 DIB Sukuk 3.625% 6/2/2023 389 0.01 $200,000 Deutsche Telekom 190 0.01 $300,000 DIB Sukuk 3.664% 231 0.01 International Finance 4.75% 14/2/2022 21/6/2038 $700,000 Digital Realty Trust LP 626 0.02 $250,000 Deutsche Telekom 245 0.01 4.45% 15/7/2028 International Finance $800,000 Digital Realty Trust LP 702 0.02 4.875% 6/3/2042 4.75% 1/10/2025 $1,050,000 Deutsche Telekom 1,236 0.04 $500,000 Discover Bank 2.7% 390 0.01 International Finance 8.75% 6/2/2030 15/6/2030 $250,000 Discover Bank 4.2% 206 0.01 $250,000 Deutsche Telekom 314 0.01 8/8/2023 International Finance 9.25% $275,000 Discover Bank 4.65% 241 0.01 1/6/2032 13/9/2028 $300,000 Devon Energy 4.75% 217 0.01 $500,000 Discover Bank 4.682% 391 0.01 15/5/2042 9/8/2028 $300,000 Devon Energy 5% 15/6/2045 224 0.01 $750,000 Discover Financial Services 598 0.02 $500,000 Devon Energy 5.6% 395 0.01 3.85% 21/11/2022 15/7/2041 $300,000 Discover Financial Services 250 0.01 $350,000 Devon Energy 5.85% 300 0.01 4.1% 9/2/2027 15/12/2025 $500,000 Discover Financial Services 428 0.01 $400,000 DH Europe Finance II Sarl 316 0.01 4.5% 30/1/2026 2.2% 15/11/2024 $263,000 Discovery Communications 208 0.01 $300,000 DH Europe Finance II Sarl 244 0.01 2.95% 20/3/2023 2.6% 15/11/2029 $400,000 Discovery Communications 331 0.01 $300,000 DH Europe Finance II Sarl 252 0.01 3.625% 15/5/2030 3.25% 15/11/2039 $500,000 Discovery Communications 422 0.01 $300,000 DH Europe Finance II Sarl 260 0.01 3.95% 15/6/2025 3.4% 15/11/2049 $600,000 Discovery Communications 507 0.02 $300,000 Diageo Capital 2% 233 0.01 3.95% 20/3/2028 29/4/2030 $300,000 Discovery Communications 256 0.01 $800,000 Diageo Capital 2.125% 622 0.02 4.125% 15/5/2029 29/4/2032 $400,000 Discovery Communications 343 0.01 $300,000 Diageo Capital 2.375% 240 0.01 4.65% 15/5/2050 24/10/2029 $200,000 Discovery Communications 170 0.01 $200,000 Diageo Capital 3.875% 179 0.01 4.875% 1/4/2043 29/4/2043

BlackRock Collective Investment Funds 264 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$150,000 Discovery Communications 131 0.00 $300,000 Dover 2.95% 4/11/2029 241 0.01 4.95% 15/5/2042 $500,000 Dover 3.15% 15/11/2025 412 0.01 $500,000 Discovery Communications 442 0.02 $900,000 Dow Chemical 2.1% 663 0.02 5% 20/9/2037 15/11/2030 $500,000 Discovery Communications 448 0.02 $200,000 Dow Chemical 3.15% 161 0.01 5.2% 20/9/2047 15/5/2024 $300,000 Discovery Communications 275 0.01 $300,000 Dow Chemical 3.5% 245 0.01 5.3% 15/5/2049 1/10/2024 $400,000 DNB Bank 2.125% 299 0.01 $500,000 Dow Chemical 3.6% 381 0.01 2/10/2020 15/11/2050 $250,000 Dollar General 3.25% 198 0.01 $400,000 Dow Chemical 3.625% 334 0.01 15/4/2023 15/5/2026 $200,000 Dollar General 3.5% 171 0.01 $500,000 Dow Chemical 4.25% 441 0.02 3/4/2030 1/10/2034 $300,000 Dollar General 3.875% 259 0.01 $250,000 Dow Chemical 4.375% 211 0.01 15/4/2027 15/11/2042 $200,000 Dollar General 4.125% 180 0.01 $300,000 Dow Chemical 4.55% 260 0.01 3/4/2050 30/11/2025 $750,000 Dollar Tree 4.2% 15/5/2028 661 0.02 $300,000 Dow Chemical 4.625% 258 0.01 $1,000,000 Dominion Energy 2.45% 778 0.03 1/10/2044 15/1/2023 $250,000 Dow Chemical 4.8% 224 0.01 $550,000 Dominion Energy 2.85% 454 0.02 15/5/2049 15/8/2026 $300,000 Dow Chemical 5.25% 273 0.01 $500,000 Dominion Energy 3.071% 405 0.01 15/11/2041 15/8/2024 $250,000 Dow Chemical 5.55% 246 0.01 $500,000 Dominion Energy 3.375% 425 0.01 30/11/2048 1/4/2030 $300,000 Dow Chemical 9.4% 381 0.01 $500,000 Dominion Energy 3.375% 425 0.01 15/5/2039 1/4/2030 $500,000 DR Horton 2.5% 15/10/2024 398 0.01 $100,000 Dominion Energy 3.6% 85 0.00 $500,000 DTE Electric 2.25% 400 0.01 15/3/2027 1/3/2030 $400,000 Dominion Energy 4.104% 305 0.01 $200,000 DTE Electric 2.625% 165 0.01 1/4/2021 1/3/2031 $500,000 Dominion Energy 4.25% 441 0.02 $200,000 DTE Electric 2.95% 159 0.01 1/6/2028 1/3/2050 $350,000 Dominion Energy 4.9% 339 0.01 $500,000 DTE Electric 3.375% 415 0.01 1/8/2041 1/3/2025 $300,000 Dominion Energy 5.95% 308 0.01 $100,000 DTE Electric 3.7% 89 0.00 15/6/2035 15/3/2045 $500,000 Dominion Energy Gas 3% 413 0.01 $200,000 DTE Electric 3.7% 1/6/2046 177 0.01 15/11/2029 $300,000 DTE Electric 3.75% 268 0.01 $300,000 Dominion Energy Gas 4.8% 284 0.01 15/8/2047 1/11/2043 $400,000 DTE Electric 3.95% 376 0.01 $300,000 Dominion Energy South 260 0.01 1/3/2049 Carolina 4.25% 15/8/2028 $500,000 DTE Energy 3.4% 15/6/2029 415 0.01 $200,000 Dominion Energy South 229 0.01 $250,000 DTE Energy 3.5% 1/6/2024 204 0.01 Carolina 5.1% 1/6/2065 $500,000 DTE Energy 3.8% 15/3/2027 421 0.01 $300,000 Dominion Energy South 304 0.01 $500,000 Duke Energy 1.8% 1/9/2021 378 0.01 Carolina 5.3% 15/5/2033 $300,000 Duke Energy 2.45% 237 0.01 $500,000 Doosan Infracore 1% 375 0.01 1/6/2030 21/7/2023

265 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Duke Energy 2.65% 407 0.01 $200,000 Duke Energy Indiana 2.75% 155 0.01 1/9/2026 1/4/2050 $400,000 Duke Energy 3.4% 338 0.01 $200,000 Duke Energy Indiana 3.25% 168 0.01 15/6/2029 1/10/2049 $500,000 Duke Energy 3.75% 412 0.01 $100,000 Duke Energy Indiana 3.75% 88 0.00 15/4/2024 15/5/2046 $100,000 Duke Energy 3.75% 86 0.00 $500,000 Duke Energy Ohio 2.125% 395 0.01 1/9/2046 1/6/2030 $300,000 Duke Energy 3.95% 246 0.01 $500,000 Duke Energy Ohio 3.7% 438 0.02 15/10/2023 15/6/2046 $100,000 Duke Energy 3.95% 88 0.00 $300,000 Duke Energy Progress 2.5% 222 0.01 15/8/2047 15/8/2050 $600,000 Duke Energy 4.2% 551 0.02 $500,000 Duke Energy Progress 2.8% 388 0.01 15/6/2049 15/5/2022 $500,000 Duke Energy Carolinas 407 0.01 $150,000 Duke Energy Progress 3% 114 0.00 2.45% 15/8/2029 15/9/2021 $500,000 Duke Energy Carolinas 406 0.01 $300,000 Duke Energy Progress 261 0.01 2.45% 1/2/2030 3.45% 15/3/2029 $500,000 Duke Energy Carolinas 392 0.01 $300,000 Duke Energy Progress 3.6% 264 0.01 2.5% 15/3/2023 15/9/2047 $400,000 Duke Energy Carolinas 338 0.01 $400,000 Duke Energy Progress 3.7% 350 0.01 3.2% 15/8/2049 1/9/2028 $200,000 Duke Energy Carolinas 180 0.01 $200,000 Duke Energy Progress 3.7% 178 0.01 3.7% 1/12/2047 15/10/2046 $700,000 Duke Energy Carolinas 644 0.02 $250,000 Duke Energy Progress 234 0.01 3.875% 15/3/2046 4.15% 1/12/2044 $50,000 Duke Energy Carolinas 38 0.00 $300,000 Duke Energy Progress 4.2% 281 0.01 3.9% 15/6/2021 15/8/2045 $500,000 Duke Energy Carolinas 452 0.02 $500,000 Duke Energy Progress 6.3% 569 0.02 3.95% 15/11/2028 1/4/2038 $200,000 Duke Energy Carolinas 185 0.01 $500,000 Duke Realty LP 2.875% 410 0.01 3.95% 15/3/2048 15/11/2029 $200,000 Duke Energy Carolinas 211 0.01 $300,000 Duke University 2.682% 240 0.01 5.3% 15/2/2040 1/10/2044 $150,000 Duke Energy Carolinas 6% 169 0.01 $200,000 Duke University Health 192 0.01 15/1/2038 System 3.92% 1/6/2047 $300,000 Duke Energy Carolinas 339 0.01 $800,000 DuPont de Nemours 4.205% 660 0.02 6.05% 15/4/2038 15/11/2023 $300,000 Duke Energy Florida 2.5% 245 0.01 $750,000 DuPont de Nemours 4.493% 652 0.02 1/12/2029 15/11/2025 $400,000 Duke Energy Florida 3.2% 337 0.01 $500,000 DuPont de Nemours 4.725% 454 0.02 15/1/2027 15/11/2028 $400,000 Duke Energy Florida 3.4% 338 0.01 $400,000 DuPont de Nemours 5.319% 386 0.01 1/10/2046 15/11/2038 $150,000 Duke Energy Florida 5.65% 162 0.01 $500,000 DuPont de Nemours 5.319% 482 0.02 1/4/2040 15/11/2038 $250,000 Duke Energy Florida 6.35% 284 0.01 $300,000 DuPont de Nemours 5.419% 307 0.01 15/9/2037 15/11/2048 $250,000 Duke Energy Florida 6.4% 288 0.01 $400,000 DuPont de Nemours 5.419% 409 0.01 15/6/2038 15/11/2048

BlackRock Collective Investment Funds 266 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$600,000 Duquesne Light 3.616% 481 0.02 $500,000 Elect Global Investments 364 0.01 1/8/2027 4.1% Perpetual 3/9/2168 $200,000 DXC Technology 4% 158 0.01 $400,000 Eli Lilly and 2.25% 286 0.01 15/4/2023 15/5/2050 $500,000 DXC Technology 4.125% 404 0.01 $400,000 Eli Lilly and 2.5% 15/9/2060 285 0.01 15/4/2025 $500,000 Eli Lilly and 2.75% 1/6/2025 411 0.01 $500,000 E*TRADE Financial 3.8% 417 0.01 $250,000 Eli Lilly and 3.1% 15/5/2027 211 0.01 24/8/2027 $200,000 Eli Lilly and 3.375% 174 0.01 $350,000 E.ON International Finance 379 0.01 15/3/2029 6.65% 30/4/2038 $800,000 Eli Lilly and 3.375% 696 0.02 $300,000 East Ohio Gas 2% 233 0.01 15/3/2029 15/6/2030 $150,000 Eli Lilly and 3.7% 1/3/2045 137 0.00 $300,000 East Ohio Gas 3% 235 0.01 $170,000 Eli Lilly and 3.875% 155 0.01 15/6/2050 15/3/2039 $500,000 Eastman Chemical 3.8% 413 0.01 $150,000 Eli Lilly and 3.95% 142 0.01 15/3/2025 15/5/2047 $300,000 Eastman Chemical 4.65% 265 0.01 $350,000 Eli Lilly and 3.95% 337 0.01 15/10/2044 15/3/2049 $150,000 Eastman Chemical 4.8% 133 0.00 $200,000 Eli Lilly and 3.95% 192 0.01 1/9/2042 15/3/2049 $1,000,000 Eaton 2.75% 2/11/2022 784 0.03 $300,000 Eli Lilly and 4.15% 296 0.01 $200,000 Eaton 3.915% 15/9/2047 179 0.01 15/3/2059 $450,000 Eaton 4% 2/11/2032 405 0.01 $150,000 Embotelladora Andina 118 0.00 $300,000 eBay 1.9% 11/3/2025 235 0.01 3.95% 21/1/2050 $200,000 eBay 2.6% 15/7/2022 154 0.01 $350,000 EMD Finance 2.95% 270 0.01 $300,000 eBay 2.7% 11/3/2030 238 0.01 19/3/2022 $400,000 eBay 3.45% 1/8/2024 328 0.01 $500,000 EMD Finance 3.25% 414 0.01 $500,000 eBay 3.6% 5/6/2027 422 0.01 19/3/2025 $150,000 eBay 4% 15/7/2042 125 0.00 $300,000 Emera US Finance LP 251 0.01 3.55% 15/6/2026 $500,000 Ecolab 3.25% 14/1/2023 396 0.01 $400,000 Emera US Finance LP 372 0.01 $332,000 Ecolab 3.95% 1/12/2047 316 0.01 4.75% 15/6/2046 $246,000 Ecolab 4.35% 8/12/2021 193 0.01 $200,000 Emerson Electric 1.8% 157 0.01 $500,000 Ecolab 4.8% 24/3/2030 474 0.02 15/10/2027 $41,000 Ecolab 5.5% 8/12/2041 44 0.00 $300,000 Emerson Electric 1.95% 234 0.01 $400,000 Edison International 2.4% 305 0.01 15/10/2030 15/9/2022 $700,000 Emerson Electric 2.625% 537 0.02 $200,000 Edison International 3.55% 159 0.01 1/12/2021 15/11/2024 $200,000 Emerson Electric 2.75% 155 0.01 $300,000 Edison International 4.125% 234 0.01 15/10/2050 15/3/2028 $391,250 Empresa Electrica Angamos 308 0.01 $400,000 EDP Finance 3.625% 324 0.01 4.875% 25/5/2029 15/7/2024 $500,000 Empresa Nacional de 413 0.01 $150,000 Edwards Lifesciences 4.3% 135 0.00 Telecomunicaciones 4.75% 15/6/2028 1/8/2026 $200,000 EFG International Guernsey 151 0.01 $500,000 Enable Midstream Partners 367 0.01 5% 5/4/2027 LP 4.4% 15/3/2027 $150,000 El Paso Electric 5% 139 0.00 $300,000 Enable Midstream Partners 221 0.01 1/12/2044 LP 4.95% 15/5/2028 $400,000 El Puerto de Liverpool 307 0.01 $300,000 Enable Midstream Partners 193 0.01 3.875% 6/10/2026 LP 5% 15/5/2044

267 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$600,000 Enbridge 3.125% 484 0.02 $300,000 Energy Transfer Operating 234 0.01 15/11/2029 LP 4.2% 15/4/2027 $800,000 Enbridge 3.5% 10/6/2024 648 0.02 $500,000 Energy Transfer Operating 402 0.01 $400,000 Enbridge 4% 1/10/2023 325 0.01 LP 4.5% 15/4/2024 $150,000 Enbridge 4% 15/11/2049 123 0.00 $150,000 Energy Transfer Operating 114 0.00 $100,000 Enbridge 4.5% 10/6/2044 86 0.00 LP 4.65% 1/6/2021 $300,000 Enbridge 5.5% 1/12/2046 298 0.01 $250,000 Energy Transfer Operating 204 0.01 LP 4.75% 15/1/2026 $150,000 Enbridge Energy Partners 115 0.00 LP 4.2% 15/9/2021 $400,000 Energy Transfer Operating 322 0.01 LP 4.9% 1/2/2024 $200,000 Enbridge Energy Partners 225 0.01 LP 7.375% 15/10/2045 $150,000 Energy Transfer Operating 111 0.00 LP 4.9% 15/3/2035 $150,000 Enbridge Energy Partners 157 0.01 LP 7.5% 15/4/2038 $500,000 Energy Transfer Operating 400 0.01 LP 4.95% 15/6/2028 $500,000 Enel 8.75% 24/9/2073 438 0.02 $1,500,000 Energy Transfer Operating 1,070 0.04 $200,000 Enel Americas 4% 163 0.01 LP 5% 15/5/2050 25/10/2026 $300,000 Energy Transfer Operating 209 0.01 $250,000 Enel Chile 4.875% 224 0.01 LP 5.15% 15/3/2045 12/6/2028 $300,000 Energy Transfer Operating 233 0.01 $500,000 Enel Finance International 395 0.01 LP 5.2% 1/2/2022 2.65% 10/9/2024 $500,000 Energy Transfer Operating 409 0.01 $400,000 Enel Finance International 312 0.01 LP 5.25% 15/4/2029 2.75% 6/4/2023 $300,000 Energy Transfer Operating 218 0.01 $500,000 Enel Finance International 386 0.01 LP 5.3% 15/4/2047 2.875% 25/5/2022 $500,000 Energy Transfer Operating 417 0.01 $500,000 Enel Finance International 416 0.01 LP 5.5% 1/6/2027 3.5% 6/4/2028 $400,000 Energy Transfer Operating 303 0.01 $500,000 Enel Finance International 416 0.01 LP 5.8% 15/6/2038 3.625% 25/5/2027 $500,000 Energy Transfer Operating 415 0.01 $500,000 Enel Finance International 409 0.01 LP 5.875% 15/1/2024 4.25% 14/9/2023 $250,000 Energy Transfer Operating 184 0.01 $650,000 Enel Finance International 562 0.02 LP 5.95% 1/10/2043 4.625% 14/9/2025 $400,000 Energy Transfer Operating 311 0.01 $500,000 Enel Finance International 472 0.02 LP 6% 15/6/2048 4.75% 25/5/2047 $300,000 Energy Transfer Operating 227 0.01 $600,000 Enel Finance International 552 0.02 LP 6.05% 1/6/2041 4.875% 14/6/2029 $450,000 Energy Transfer Operating 343 0.01 $450,000 Enel Finance International 450 0.02 LP 6.125% 15/12/2045 6% 7/10/2039 $150,000 Energy Transfer Operating 121 0.00 $200,000 Enel Finance International 208 0.01 LP 6.5% 1/2/2042 6.8% 15/9/2037 $150,000 Energy Transfer Operating 132 0.00 $400,000 Energy Transfer Operating 307 0.01 LP 7.5% 1/7/2038 LP 2.9% 15/5/2025 $300,000 Energy Transfer Partners LP 236 0.01 $500,000 Energy Transfer Operating 387 0.01 / Regency Energy Finance LP 3.6% 1/2/2023 5.875% 1/3/2022 $500,000 Energy Transfer Operating 371 0.01 $300,000 Engie 2.875% 10/10/2022 232 0.01 LP 3.75% 15/5/2030 $250,000 Engie Energia Chile 4.5% 207 0.01 $200,000 Energy Transfer Operating 148 0.01 29/1/2025 LP 3.75% 15/5/2030 $500,000 Eni 4.25% 9/5/2029 420 0.01 $125,000 Energy Transfer Operating 100 0.00 LP 4.05% 15/3/2025 $250,000 Eni USA 7.3% 15/11/2027 240 0.01 $500,000 Entergy 2.8% 15/6/2030 408 0.01

BlackRock Collective Investment Funds 268 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 Entergy 2.95% 1/9/2026 332 0.01 $550,000 Enterprise Products 452 0.02 $300,000 Entergy 3.75% 15/6/2050 259 0.01 Operating 4.45% 15/2/2043 $400,000 Entergy 4% 15/7/2022 317 0.01 $150,000 Enterprise Products 132 0.00 $250,000 Entergy Gulf States 222 0.01 Operating 4.8% 1/2/2049 Louisiana 5.59% 1/10/2024 $250,000 Enterprise Products 217 0.01 $400,000 Entergy Louisiana 2.9% 317 0.01 Operating 4.85% 15/8/2042 15/3/2051 $400,000 Enterprise Products 346 0.01 $100,000 Entergy Louisiana 4% 94 0.00 Operating 4.85% 15/3/2044 15/3/2033 $200,000 Enterprise Products 133 0.00 $150,000 Entergy Louisiana 4.05% 123 0.00 Operating 4.875% 1/9/2023 16/8/2077 $500,000 Entergy Louisiana 4.2% 483 0.02 $200,000 Enterprise Products 175 0.01 1/9/2048 Operating 4.9% 15/5/2046 $150,000 Entergy Louisiana 4.2% 146 0.01 $300,000 Enterprise Products 258 0.01 1/4/2050 Operating 4.95% 15/10/2054 $400,000 Entergy Mississippi 2.85% 327 0.01 1/6/2028 $200,000 Enterprise Products 179 0.01 Operating 5.1% 15/2/2045 $200,000 Entergy Mississippi 3.85% 183 0.01 1/6/2049 $300,000 Enterprise Products 215 0.01 Operating 5.25% 16/8/2077 $200,000 Entergy Texas 4% 30/3/2029 175 0.01 $200,000 Enterprise Products 136 0.00 $300,000 Enterprise Products 239 0.01 Operating 5.375% Operating 2.8% 31/1/2030 15/2/2078 $900,000 Enterprise Products 734 0.03 $250,000 Enterprise Products 237 0.01 Operating 3.125% Operating 5.7% 15/2/2042 31/7/2029 $500,000 Enterprise Products 477 0.02 $700,000 Enterprise Products 492 0.02 Operating 5.95% 1/2/2041 Operating 3.2% 15/2/2052 $200,000 Enterprise Products 194 0.01 $400,000 Enterprise Products 318 0.01 Operating 6.125% Operating 3.35% 15/3/2023 15/10/2039 $700,000 Enterprise Products 544 0.02 $100,000 Enterprise Products 100 0.00 Operating 3.5% 1/2/2022 Operating 6.45% 1/9/2040 $100,000 Enterprise Products 76 0.00 $400,000 EOG Resources 3.15% 329 0.01 Operating 3.7% 31/1/2051 1/4/2025 $200,000 Enterprise Products 152 0.01 $500,000 EOG Resources 4.15% 433 0.02 Operating 3.7% 31/1/2051 15/1/2026 $300,000 Enterprise Products 250 0.01 $500,000 EOG Resources 4.375% 448 0.02 Operating 3.75% 15/2/2025 15/4/2030 $500,000 Enterprise Products 411 0.01 $300,000 EOG Resources 4.95% 287 0.01 Operating 3.9% 15/2/2024 15/4/2050 $200,000 Enterprise Products 170 0.01 $300,000 EPR Properties 4.5% 210 0.01 Operating 3.95% 15/2/2027 1/6/2027 $300,000 Enterprise Products 228 0.01 $450,000 EPR Properties 4.95% 326 0.01 Operating 3.95% 31/1/2060 15/4/2028 $400,000 Enterprise Products 351 0.01 $400,000 Equifax 2.6% 1/12/2024 319 0.01 Operating 4.15% 16/10/2028 $300,000 Equifax 3.1% 15/5/2030 245 0.01 $300,000 Enterprise Products 244 0.01 $400,000 Equinix 2.15% 15/7/2030 306 0.01 Operating 4.2% 31/1/2050 $500,000 Equinix 2.625% 18/11/2024 400 0.01 $700,000 Enterprise Products 569 0.02 $500,000 Equinix 3.2% 18/11/2029 412 0.01 Operating 4.25% 15/2/2048 $800,000 Equinix 5.375% 15/5/2027 653 0.02 $500,000 Equitable 3.9% 20/4/2023 402 0.01

269 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 Equitable 4.35% 20/4/2028 342 0.01 $500,000 Estee Lauder Cos 2.6% 410 0.01 $400,000 Equitable 5% 20/4/2048 354 0.01 15/4/2030 $300,000 Equitable 5% 20/4/2048 266 0.01 $200,000 Estee Lauder Cos 4.15% 189 0.01 $600,000 ERAC USA Finance 3.3% 468 0.02 15/3/2047 15/10/2022 $200,000 Estee Lauder Cos 4.375% 194 0.01 $500,000 ERAC USA Finance 3.3% 407 0.01 15/6/2045 1/12/2026 $500,000 Evergy 2.9% 15/9/2029 404 0.01 $500,000 ERAC USA Finance 3.8% 417 0.01 $500,000 Evergy 4.85% 1/6/2021 381 0.01 1/11/2025 $100,000 Evergy Kansas Central 84 0.00 $250,000 ERAC USA Finance 3.85% 206 0.01 3.25% 1/9/2049 15/11/2024 $300,000 Evergy Kansas Central 273 0.01 $200,000 ERAC USA Finance 4.2% 163 0.01 4.125% 1/3/2042 1/11/2046 $400,000 Evergy Kansas Central 378 0.01 $150,000 ERAC USA Finance 4.5% 126 0.00 4.25% 1/12/2045 15/2/2045 $250,000 Evergy Metro 4.2% 235 0.01 $200,000 ERAC USA Finance 5.625% 184 0.01 15/6/2047 15/3/2042 $50,000 Evergy Metro 5.3% 51 0.00 $350,000 ERAC USA Finance 7% 372 0.01 1/10/2041 15/10/2037 $250,000 Eversource Energy 2.75% 193 0.01 $300,000 ERP Operating LP 3.5% 255 0.01 15/3/2022 1/3/2028 $400,000 Eversource Energy 3.15% 327 0.01 $200,000 ERP Operating LP 4% 184 0.01 15/1/2025 1/8/2047 $700,000 Eversource Energy 3.3% 585 0.02 $500,000 ERP Operating LP 4.15% 445 0.02 15/1/2028 1/12/2028 $200,000 Eversource Energy 3.45% 166 0.01 $300,000 ERP Operating LP 4.5% 289 0.01 15/1/2050 1/7/2044 $200,000 Exelon 2.45% 15/4/2021 151 0.01 $300,000 ERP Operating LP 4.625% 234 0.01 $300,000 Exelon 3.4% 15/4/2026 253 0.01 15/12/2021 $500,000 Exelon 3.497% 1/6/2022 391 0.01 $500,000 Essential Utilities 2.704% 404 0.01 $200,000 Exelon 3.95% 15/6/2025 171 0.01 15/4/2030 $750,000 Exelon 4.05% 15/4/2030 664 0.02 $300,000 Essential Utilities 3.351% 244 0.01 $300,000 Exelon 4.45% 15/4/2046 276 0.01 15/4/2050 $400,000 Exelon 4.7% 15/4/2050 386 0.01 $200,000 Essential Utilities 4.276% 188 0.01 $300,000 Exelon 5.1% 15/6/2045 292 0.01 1/5/2049 $150,000 Exelon 5.625% 15/6/2035 150 0.01 $100,000 Essex Portfolio LP 1.65% 72 0.00 $500,000 Exelon Generation 3.25% 411 0.01 15/1/2031 1/6/2025 $200,000 Essex Portfolio LP 2.65% 159 0.01 $121,000 Exelon Generation 4.25% 96 0.00 15/3/2032 15/6/2022 $100,000 Essex Portfolio LP 2.65% 69 0.00 $400,000 Exelon Generation 5.6% 348 0.01 1/9/2050 15/6/2042 $200,000 Essex Portfolio LP 3% 162 0.01 $500,000 Exelon Generation 6.25% 461 0.02 15/1/2030 1/10/2039 $500,000 Essex Portfolio LP 3.625% 393 0.01 $400,000 Expedia 3.25% 15/2/2030 283 0.01 15/8/2022 $300,000 Expedia 3.8% 15/2/2028 224 0.01 $400,000 Essex Portfolio LP 4% 348 0.01 1/3/2029 $300,000 Expedia 4.625% 1/8/2027 234 0.01 $200,000 Estee Lauder Cos 2% 158 0.01 $300,000 Expedia 5% 15/2/2026 236 0.01 1/12/2024 $800,000 Expedia 6.25% 1/5/2025 657 0.02 $500,000 Estee Lauder Cos 2.375% 401 0.01 $475,000 Experian Finance 4.25% 420 0.01 1/12/2029 1/2/2029

BlackRock Collective Investment Funds 270 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$800,000 Exxon Mobil 1.571% 616 0.02 $500,000 Federal Realty Investment 405 0.01 15/4/2023 Trust 3.5% 1/6/2030 $400,000 Exxon Mobil 2.019% 317 0.01 $200,000 Federal Realty Investment 173 0.01 16/8/2024 Trust 4.5% 1/12/2044 $200,000 Exxon Mobil 2.222% 151 0.01 $800,000 Federation des Caisses 624 0.02 1/3/2021 Desjardins du Quebec $700,000 Exxon Mobil 2.275% 568 0.02 2.05% 10/2/2025 16/8/2026 $500,000 FedEx 3.1% 5/8/2029 414 0.01 $900,000 Exxon Mobil 2.397% 692 0.02 $300,000 FedEx 3.2% 1/2/2025 246 0.01 6/3/2022 $400,000 FedEx 3.25% 1/4/2026 333 0.01 $300,000 Exxon Mobil 2.44% 243 0.01 $500,000 FedEx 3.3% 15/3/2027 412 0.01 16/8/2029 $300,000 FedEx 3.8% 15/5/2025 253 0.01 $700,000 Exxon Mobil 2.61% 569 0.02 $200,000 FedEx 3.875% 1/8/2042 161 0.01 15/10/2030 $300,000 FedEx 4% 15/1/2024 249 0.01 $400,000 Exxon Mobil 2.709% 324 0.01 $300,000 FedEx 4.05% 15/2/2048 251 0.01 6/3/2025 $300,000 FedEx 4.2% 17/10/2028 265 0.01 $300,000 Exxon Mobil 2.726% 236 0.01 $200,000 FedEx 4.25% 15/5/2030 179 0.01 1/3/2023 $300,000 FedEx 4.4% 15/1/2047 259 0.01 $1,000,000 Exxon Mobil 2.992% 823 0.03 19/3/2025 $300,000 FedEx 4.55% 1/4/2046 267 0.01 $200,000 Exxon Mobil 2.995% 160 0.01 $275,000 FedEx 4.75% 15/11/2045 249 0.01 16/8/2039 $500,000 FedEx 4.9% 15/1/2034 478 0.02 $500,000 Exxon Mobil 3.043% 416 0.01 $400,000 FedEx 4.95% 17/10/2048 373 0.01 1/3/2026 $200,000 FedEx 5.1% 15/1/2044 188 0.01 $500,000 Exxon Mobil 3.095% 392 0.01 $800,000 FedEx 5.25% 15/5/2050 800 0.03 16/8/2049 $200,000 Ferguson Finance 4.5% 170 0.01 $300,000 Exxon Mobil 3.176% 243 0.01 24/10/2028 15/3/2024 $258,531 Fermaca Enterprises S de 207 0.01 $500,000 Exxon Mobil 3.294% 425 0.01 RL de 6.375% 30/3/2038 19/3/2027 $300,000 Fibria Overseas Finance 4% 236 0.01 $900,000 Exxon Mobil 3.452% 754 0.03 14/1/2025 15/4/2051 $300,000 Fibria Overseas Finance 245 0.01 $800,000 Exxon Mobil 3.482% 695 0.02 5.25% 12/5/2024 19/3/2030 $100,000 Fibria Overseas Finance 83 0.00 $250,000 Exxon Mobil 3.567% 209 0.01 5.5% 17/1/2027 6/3/2045 $300,000 Fidelity National Information 251 0.01 $800,000 Exxon Mobil 4.114% 723 0.03 Services 3% 15/8/2026 1/3/2046 $300,000 Fidelity National Information 239 0.01 $900,000 Exxon Mobil 4.227% 831 0.03 Services 3.5% 15/4/2023 19/3/2040 $500,000 Fidelity National Information 439 0.02 $900,000 Exxon Mobil 4.327% 862 0.03 Services 3.75% 21/5/2029 19/3/2050 $125,000 Fidelity National Information 112 0.00 $500,000 Fairfax Financial 4.85% 414 0.01 Services 4.25% 15/5/2028 17/4/2028 $100,000 Fidelity National Information 93 0.00 $200,000 Falabella 4.375% 160 0.01 Services 4.5% 15/8/2046 27/1/2025Ø $500,000 Fifth Third Bancorp 1.625% 383 0.01 $300,000 Farmers Exchange Capital II 283 0.01 5/5/2023 6.151% 1/11/2053 $500,000 Fifth Third Bancorp 3.65% 409 0.01 $400,000 Farmers Insurance 307 0.01 25/1/2024 Exchange 4.747% $300,000 Fifth Third Bancorp 8.25% 373 0.01 1/11/2057 1/3/2038

271 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$1,000,000 Fifth Third Bank NA 1.8% 770 0.03 $300,000 Florida Power & Light 3.8% 275 0.01 30/1/2023 15/12/2042 $300,000 Fifth Third Bank NA 2.25% 240 0.01 $300,000 Florida Power & Light 3.95% 288 0.01 1/2/2027 1/3/2048 $500,000 Fifth Third Bank NA 2.875% 382 0.01 $400,000 Florida Power & Light 3.99% 385 0.01 1/10/2021 1/3/2049 $250,000 Fifth Third Bank NA 3.85% 214 0.01 $300,000 Florida Power & Light 4.05% 281 0.01 15/3/2026 1/6/2042 $350,000 Fifth Third Bank NA 3.95% 301 0.01 $400,000 Florida Power & Light 398 0.01 28/7/2025 4.125% 1/6/2048 $500,000 First American Financial 4% 399 0.01 $200,000 Florida Power & Light 5.25% 212 0.01 15/5/2030 1/2/2041 $800,000 First Horizon National 3.55% 629 0.02 $200,000 Florida Power & Light 5.96% 225 0.01 26/5/2023 1/4/2039 $250,000 First Republic Bank/CA 227 0.01 $150,000 FMC 3.2% 1/10/2026 125 0.00 4.375% 1/8/2046 $150,000 FMC 3.45% 1/10/2029 126 0.00 $300,000 FirstEnergy 2.65% 1/3/2030 231 0.01 $150,000 FMC 4.5% 1/10/2049 142 0.01 $300,000 FirstEnergy 3.4% 1/3/2050 225 0.01 $250,000 FMR 4.95% 1/2/2033 254 0.01 $300,000 FirstEnergy 4.25% 238 0.01 $250,000 FMR 6.5% 14/12/2040 285 0.01 15/3/2023 $400,000 FMR 7.57% 15/6/2029 440 0.02 $300,000 FirstEnergy 4.85% 274 0.01 $600,000 Fomento Economico 481 0.02 15/7/2047 Mexicano 3.5% 16/1/2050 $500,000 FirstEnergy 7.375% 529 0.02 $300,000 Fomento Economico 240 0.01 15/11/2031 Mexicano 3.5% 16/1/2050 $300,000 FirstEnergy Transmission 260 0.01 $300,000 Fomento Economico 275 0.01 4.55% 1/4/2049 Mexicano 4.375% 10/5/2043 $300,000 FirstEnergy Transmission 283 0.01 $250,000 Ford Foundation/The 198 0.01 5.45% 15/7/2044 2.815% 1/6/2070 $1,300,000 Fiserv 2.25% 1/6/2027 1,030 0.04 $300,000 Formosa Cayman 3.375% 241 0.01 $400,000 Fiserv 2.75% 1/7/2024 321 0.01 22/4/2025 $750,000 Fiserv 3.2% 1/7/2026 628 0.02 $400,000 Fortis Inc/Canada 3.055% 327 0.01 $500,000 Fiserv 3.2% 1/7/2026 419 0.01 4/10/2026 $500,000 Fiserv 3.5% 1/10/2022 393 0.01 $500,000 Fortive 3.15% 15/6/2026 413 0.01 $900,000 Fiserv 3.5% 1/7/2029 765 0.03 $300,000 Fortive 4.3% 15/6/2046 271 0.01 $500,000 Fiserv 3.8% 1/10/2023 409 0.01 $400,000 Fortune Brands Home & 333 0.01 $575,000 Fiserv 4.4% 1/7/2049 540 0.02 Security 3.25% 15/9/2029 $250,000 Flex 4.75% 15/6/2025 209 0.01 $600,000 Fox 3.05% 7/4/2025 491 0.02 $300,000 Flex 4.875% 15/6/2029 257 0.01 $500,000 Fox 3.5% 8/4/2030 422 0.01 $500,000 Flex 4.875% 12/5/2030 426 0.01 $600,000 Fox 4.03% 25/1/2024 495 0.02 $300,000 Florida Power & Light 2.75% 236 0.01 $400,000 Fox 4.709% 25/1/2029 359 0.01 1/6/2023 $500,000 Fox 5.476% 25/1/2039 495 0.02 $500,000 Florida Power & Light 2.85% 410 0.01 $400,000 Fox 5.576% 25/1/2049 410 0.01 1/4/2025 $500,000 Foxconn Far East 2.25% 376 0.01 $500,000 Florida Power & Light 417 0.01 23/9/2021 3.125% 1/12/2025 $200,000 Franklin Resources 2.85% 164 0.01 $200,000 Florida Power & Light 3.15% 170 0.01 30/3/2025 1/10/2049 $600,000 FS KKR Capital 4.125% 444 0.02 $500,000 Florida Power & Light 3.7% 462 0.02 1/2/2025 1/12/2047

BlackRock Collective Investment Funds 272 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 Fuqing Investment 150 0.01 $600,000 General Electric 4.25% 452 0.02 Management 3.25% 1/5/2040 23/6/2025 $1,200,000 General Electric 4.35% 910 0.03 $200,000 Gansu Provincial Highway 151 0.01 1/5/2050 Aviation Tourism Investment $375,000 General Electric 4.5% 290 0.01 3.875% 5/7/2022 11/3/2044 $300,000 GATX 4.7% 1/4/2029 262 0.01 $765,000 General Electric 5.875% 660 0.02 $250,000 GATX 5.2% 15/3/2044 230 0.01 14/1/2038 $1,000,000 GE Capital Funding 4.05% 792 0.03 $300,000 General Electric 6.15% 266 0.01 15/5/2027 7/8/2037 $500,000 GE Capital Funding 4.4% 394 0.01 $722,000 General Electric 6.75% 676 0.02 15/5/2030 15/3/2032 $500,000 GE Capital Funding 4.55% 397 0.01 $994,000 General Electric 6.875% 946 0.03 15/5/2032 10/1/2039 $783,000 GE Capital International 621 0.02 $400,000 General Mills 2.6% 312 0.01 Funding Unlimited 3.373% 12/10/2022 Ø 15/11/2025 $500,000 General Mills 2.875% 411 0.01 $3,489,000 GE Capital International 2,692 0.09 15/4/2030 Funding Unlimited 4.418% $100,000 General Mills 3.15% 77 0.00 15/11/2035 15/12/2021 $200,000 Geely Automobile 3.625% 152 0.01 $200,000 General Mills 3.2% 168 0.01 25/1/2023 10/2/2027 $250,000 General Dynamics 2.125% 201 0.01 $300,000 General Mills 3.65% 245 0.01 15/8/2026 15/2/2024 $400,000 General Dynamics 2.25% 310 0.01 $100,000 General Mills 4.15% 93 0.00 15/11/2022 15/2/2043 $1,000,000 General Dynamics 3.375% 805 0.03 $500,000 General Mills 4.2% 443 0.02 15/5/2023 17/4/2028 $600,000 General Dynamics 3.625% 532 0.02 $400,000 General Mills 4.55% 387 0.01 1/4/2030 17/4/2038 $600,000 General Dynamics 4.25% 566 0.02 $200,000 General Mills 5.4% 206 0.01 1/4/2040 15/6/2040 $300,000 General Dynamics 4.25% 292 0.01 $300,000 General Motors 5% 249 0.01 1/4/2050 1/10/2028 $300,000 General Electric 2.7% 234 0.01 $300,000 General Motors 5% 244 0.01 9/10/2022 1/4/2035 $750,000 General Electric 3.1% 591 0.02 $500,000 General Motors 5.15% 398 0.01 9/1/2023 1/4/2038 $372,000 General Electric 3.15% 292 0.01 $200,000 General Motors 5.2% 162 0.01 7/9/2022 1/4/2045 $400,000 General Electric 3.375% 322 0.01 $1,500,000 General Motors 5.4% 1,242 0.04 11/3/2024 2/10/2023 $100,000 General Electric 3.45% 80 0.00 $300,000 General Motors 5.4% 246 0.01 15/5/2024 1/4/2048 $800,000 General Electric 3.45% 631 0.02 $300,000 General Motors 5.95% 264 0.01 1/5/2027 1/4/2049 $600,000 General Electric 3.625% 462 0.02 $1,300,000 General Motors 6.125% 1,140 0.04 1/5/2030 1/10/2025 $216,000 General Electric 4.125% 162 0.01 $500,000 General Motors 6.25% 436 0.02 9/10/2042 2/10/2043

273 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 General Motors 6.6% 269 0.01 $200,000 Georgia Power 3.25% 164 0.01 1/4/2036 30/3/2027 $350,000 General Motors 6.75% 318 0.01 $300,000 Georgia Power 3.7% 255 0.01 1/4/2046 30/1/2050 $600,000 General Motors 6.8% 548 0.02 $200,000 Georgia Power 4.3% 177 0.01 1/10/2027 15/3/2042 $1,000,000 General Motors Financial 751 0.03 $300,000 Georgia Power 4.3% 268 0.01 1.7% 18/8/2023 15/3/2043 $400,000 General Motors Financial 309 0.01 $800,000 Georgia-Pacific 1.75% 625 0.02 2.9% 26/2/2025 30/9/2025 $1,000,000 General Motors Financial 770 0.03 $500,000 Georgia-Pacific 2.3% 397 0.01 3.15% 30/6/2022 30/4/2030 $300,000 General Motors Financial 233 0.01 $700,000 Georgia-Pacific 8% 653 0.02 3.25% 5/1/2023 15/1/2024 $500,000 General Motors Financial 383 0.01 $150,000 Georgia-Pacific 8.875% 183 0.01 3.45% 14/1/2022 15/5/2031 $400,000 General Motors Financial 308 0.01 $250,000 Gerdau Trade 4.75% 197 0.01 3.45% 10/4/2022 15/4/2023 $400,000 General Motors Financial 311 0.01 $300,000 Gilead Sciences 1.95% 229 0.01 3.55% 8/7/2022 1/3/2022 $300,000 General Motors Financial 234 0.01 $1,000,000 Gilead Sciences 2.5% 789 0.03 3.6% 21/6/2030 1/9/2023 $800,000 General Motors Financial 629 0.02 $400,000 Gilead Sciences 2.95% 335 0.01 3.85% 5/1/2028 1/3/2027 $700,000 General Motors Financial 557 0.02 $500,000 Gilead Sciences 3.65% 428 0.01 4.15% 19/6/2023 1/3/2026 $250,000 General Motors Financial 193 0.01 $1,000,000 Gilead Sciences 3.7% 826 0.03 4.2% 6/11/2021 1/4/2024 $500,000 General Motors Financial 408 0.01 $400,000 Gilead Sciences 4% 374 0.01 4.35% 9/4/2025 1/9/2036 $300,000 General Motors Financial 243 0.01 $600,000 Gilead Sciences 4.15% 576 0.02 4.35% 17/1/2027 1/3/2047 $600,000 General Motors Financial 463 0.02 $150,000 Gilead Sciences 4.4% 116 0.00 4.375% 25/9/2021 1/12/2021 $500,000 General Motors Financial 410 0.01 $500,000 Gilead Sciences 4.5% 485 0.02 5.1% 17/1/2024 1/2/2045 $250,000 General Motors Financial 212 0.01 $500,000 Gilead Sciences 4.6% 497 0.02 5.25% 1/3/2026 1/9/2035 $200,000 General Motors Financial 175 0.01 $800,000 Gilead Sciences 4.75% 800 0.03 5.65% 17/1/2029 1/3/2046 $400,000 George Washington 390 0.01 $700,000 Gilead Sciences 4.8% 696 0.02 University/The 4.126% 1/4/2044 15/9/2048 $150,000 Gilead Sciences 5.65% 164 0.01 $200,000 Georgetown University/The 192 0.01 1/12/2041 4.315% 1/4/2049 $550,000 GlaxoSmithKline Capital 428 0.01 $300,000 Georgia Power 2.1% 235 0.01 2.85% 8/5/2022 30/7/2023 $400,000 GlaxoSmithKline Capital 311 0.01 $500,000 Georgia Power 2.65% 400 0.01 2.875% 1/6/2022 15/9/2029 $700,000 GlaxoSmithKline Capital 3% 568 0.02 $500,000 Georgia Power 2.85% 389 0.01 1/6/2024 15/5/2022

BlackRock Collective Investment Funds 274 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$600,000 GlaxoSmithKline Capital 484 0.02 $400,000 GLP Capital LP / GLP 302 0.01 3.375% 15/5/2023 Financing II 3.35% 1/9/2024 $250,000 GlaxoSmithKline Capital 216 0.01 $200,000 GLP Capital LP / GLP 155 0.01 3.375% 1/6/2029 Financing II 4% 15/1/2030 $600,000 GlaxoSmithKline Capital 510 0.02 $400,000 GLP Capital LP / GLP 323 0.01 3.625% 15/5/2025 Financing II 5.25% 1/6/2025 $650,000 GlaxoSmithKline Capital 576 0.02 $500,000 GLP Capital LP / GLP 425 0.01 3.875% 15/5/2028 Financing II 5.75% 1/6/2028 $250,000 GlaxoSmithKline Capital 241 0.01 $250,000 GLP Pte 3.875% 4/6/2025 192 0.01 4.2% 18/3/2043 $300,000 GNL Quintero 4.634% 243 0.01 $200,000 GlaxoSmithKline Capital 211 0.01 31/7/2029 5.375% 15/4/2034 $500,000 Gohl Capital 4.25% 374 0.01 $700,000 GlaxoSmithKline Capital 813 0.03 24/1/2027 6.375% 15/5/2038 $975,000 Goldman Sachs 2.35% 731 0.03 $500,000 Glencore Finance Canada 397 0.01 15/11/2021 4.25% 25/10/2022 $300,000 Goldman Sachs 2.6% 239 0.01 $400,000 Glencore Finance Canada 312 0.01 7/2/2030 4.95% 15/11/2021 $500,000 Goldman Sachs 2.6% 398 0.01 $250,000 Glencore Finance Canada 218 0.01 7/2/2030 5.55% 25/10/2042 $1,000,000 Goldman Sachs 2.876% 766 0.03 $150,000 Glencore Finance Canada 133 0.00 31/10/2022 6% 15/11/2041 $1,000,000 Goldman Sachs 2.905% 779 0.03 $800,000 Glencore Funding 1.625% 596 0.02 24/7/2023 1/9/2025 $700,000 Goldman Sachs 2.908% 543 0.02 $700,000 Glencore Funding 2.5% 514 0.02 5/6/2023 1/9/2030 $800,000 Goldman Sachs 3% 607 0.02 $300,000 Glencore Funding 3.875% 244 0.01 26/4/2022 27/10/2027 $300,000 Goldman Sachs 3% 244 0.01 $400,000 Glencore Funding 4.125% 321 0.01 31/5/2024 30/5/2023 $1,000,000 Goldman Sachs 3.2% 795 0.03 $500,000 Glencore Funding 4.125% 406 0.01 23/2/2023 12/3/2024 $1,000,000 Goldman Sachs 3.272% 815 0.03 $500,000 Glencore Funding 4.625% 414 0.01 29/9/2025 29/4/2024 $750,000 Goldman Sachs 3.5% 615 0.02 $300,000 Glencore Funding 4.875% 265 0.01 23/1/2025 12/3/2029 $1,500,000 Goldman Sachs 3.5% 1,241 0.04 $500,000 Global Atlantic Fin 4.4% 388 0.01 1/4/2025 15/10/2029 $1,000,000 Goldman Sachs 3.5% 833 0.03 $300,000 Global Bank 5.25% 235 0.01 16/11/2026 16/4/2029 $500,000 Goldman Sachs 3.625% 401 0.01 $300,000 Global Payments 2.65% 239 0.01 22/1/2023 15/2/2025 $500,000 Goldman Sachs 3.625% 407 0.01 $300,000 Global Payments 2.9% 241 0.01 20/2/2024 15/5/2030 $500,000 Goldman Sachs 3.691% 424 0.01 $400,000 Global Payments 3.2% 328 0.01 5/6/2028 15/8/2029 $500,000 Goldman Sachs 3.75% 418 0.01 $500,000 Global Payments 3.75% 401 0.01 22/5/2025 1/6/2023 $600,000 Goldman Sachs 3.75% 508 0.02 $300,000 Global Payments 4.15% 265 0.01 25/2/2026 15/8/2049 $1,000,000 Goldman Sachs 3.8% 870 0.03 15/3/2030

275 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Goldman Sachs 3.814% 428 0.01 $600,000 Grupo Bimbo 3.875% 484 0.02 23/4/2029 27/6/2024Ø $1,300,000 Goldman Sachs 3.814% 1,113 0.04 $200,000 Grupo Bimbo 4% 6/9/2049 160 0.01 23/4/2029 $200,000 Grupo Bimbo 4.7% 177 0.01 $500,000 Goldman Sachs 3.85% 413 0.01 10/11/2047 8/7/2024 $500,000 Grupo de Inversiones 420 0.01 $500,000 Goldman Sachs 3.85% 426 0.01 Suramericana 5.5% 26/1/2027 29/4/2026Ø $1,150,000 Goldman Sachs 4% 952 0.03 $400,000 Grupo Televisa SAB 5% 337 0.01 3/3/2024 13/5/2045Ø $1,100,000 Goldman Sachs 4.017% 969 0.03 $200,000 Grupo Televisa SAB 5.25% 177 0.01 31/10/2038 24/5/2049 $900,000 Goldman Sachs 4.223% 790 0.03 $400,000 Grupo Televisa SAB 6.125% 389 0.01 1/5/2029 31/1/2046Ø $700,000 Goldman Sachs 4.25% 596 0.02 $400,000 Grupo Televisa SAB 6.625% 359 0.01 21/10/2025 18/3/2025 $750,000 Goldman Sachs 4.411% 691 0.02 $500,000 GS Caltex 3.875% 400 0.01 23/4/2039 27/6/2023 $500,000 Goldman Sachs 4.75% 498 0.02 $250,000 GTL Trade Finance 7.25% 249 0.01 21/10/2045 16/4/2044Ø $400,000 Goldman Sachs 4.8% 393 0.01 $541,000 GTL Trade Finance / Gerdau 445 0.02 8/7/2044 5.893% 29/4/2024Ø $700,000 Goldman Sachs 5.15% 696 0.02 $150,000 Guardian Life Global 113 0.00 22/5/2045 Funding 1.1% 23/6/2025 $800,000 Goldman Sachs 5.75% 641 0.02 $500,000 Guardian Life Global 387 0.01 24/1/2022 Funding 2.5% 8/5/2022 $477,000 Goldman Sachs 5.95% 441 0.02 $200,000 Guardian Life Insurance of 199 0.01 15/1/2027 America/The 4.85% $250,000 Goldman Sachs 6.125% 264 0.01 24/1/2077 15/2/2033 $150,000 Guardian Life Insurance of 152 0.01 $550,000 Goldman Sachs 6.25% 621 0.02 America/The 4.875% 1/2/2041 19/6/2064 $300,000 Goldman Sachs 6.45% 311 0.01 $500,000 GUSAP III LP 4.25% 392 0.01 1/5/2036 21/1/2030 $1,850,000 Goldman Sachs 6.75% 2,016 0.07 $500,000 Hackensack Meridian 372 0.01 1/10/2037 Health 2.875% 1/9/2050 $500,000 Goldman Sachs BDC 3.75% 392 0.01 $200,000 Hackensack Meridian 187 0.01 10/2/2025 Health 4.211% 1/7/2048 $250,000 Goldman Sachs Capital I 264 0.01 $200,000 Haitong International 156 0.01 6.345% 15/2/2034 3.125% 18/5/2025 $250,000 Goodman US Finance Two 199 0.01 $500,000 Haitong International 379 0.01 6% 22/3/2022 Finance 2015 2.107% $300,000 Great-West Lifeco Finance 260 0.01 12/3/2025 2018 LP 4.047% 17/5/2028 $600,000 Halliburton 2.92% 1/3/2030 455 0.02 $300,000 Great-West Lifeco Finance 266 0.01 $500,000 Halliburton 2.92% 1/3/2030 379 0.01 Delaware LP 4.15% $264,000 Halliburton 3.5% 1/8/2023Ø 210 0.01 3/6/2047 $213,000 Halliburton 3.8% 15/11/2025 175 0.01 $150,000 Great-West Lifeco US 112 0.00 $150,000 Halliburton 4.5% 15/11/2041 113 0.00 Finance 2020 LP 0.904% $400,000 Halliburton 4.75% 1/8/2043 312 0.01 12/8/2025 $400,000 Halliburton 4.85% 333 0.01 15/11/2035

BlackRock Collective Investment Funds 276 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$600,000 Halliburton 5% 15/11/2045Ø 493 0.02 $500,000 Healthcare Trust of America 407 0.01 $150,000 Halliburton 6.7% 15/9/2038 144 0.01 LP 3.75% 1/7/2027 $100,000 Halliburton 7.45% 15/9/2039 102 0.00 $200,000 Healthpeak Properties 160 0.01 $200,000 Harborwalk Funding Trust 181 0.01 2.875% 15/1/2031 5.077% 15/2/2069 $300,000 Healthpeak Properties 3% 244 0.01 $100,000 Harborwalk Funding Trust 90 0.00 15/1/2030 5.077% 15/2/2069 $600,000 Healthpeak Properties 502 0.02 $200,000 Harley-Davidson Financial 150 0.01 3.25% 15/7/2026 Services 2.85% 15/1/2021 $400,000 Healthpeak Properties 3.5% 335 0.01 $500,000 Harley-Davidson Financial 389 0.01 15/7/2029 Services 3.35% 15/2/2023 $500,000 Healthpeak Properties 416 0.01 $1,000,000 Harley-Davidson Financial 792 0.03 3.875% 15/8/2024 Services 3.35% 8/6/2025 $5,000 Healthpeak Properties 40.00 $200,000 Hartford Financial Services 168 0.01 4.25% 15/11/2023 3.6% 19/8/2049 $175,000 Heathrow Funding 4.875% 134 0.00 $200,000 Hartford Financial Services 168 0.01 15/7/2023 3.6% 19/8/2049 $500,000 Heineken 2.75% 1/4/2023 394 0.01 $100,000 Hartford Financial Services 88 0.00 $300,000 Heineken 3.5% 29/1/2028 257 0.01 4.3% 15/4/2043 $300,000 Heineken 4.35% 29/3/2047 284 0.01 $200,000 Hartford Financial Services 183 0.01 $200,000 Hershey 3.125% 15/11/2049 164 0.01 4.4% 15/3/2048 $500,000 Hershey 3.375% 15/5/2023 403 0.01 $100,000 Hartford Financial Services 106 0.00 $150,000 Hershey 3.375% 15/8/2046 128 0.00 6.625% 15/4/2042 $150,000 Hess 3.5% 15/7/2024 116 0.00 $200,000 Hasbro 3% 19/11/2024 158 0.01 $1,200,000 Hess 4.3% 1/4/2027 955 0.03 $600,000 Hasbro 3.55% 19/11/2026 473 0.02 $350,000 Hess 5.6% 15/2/2041 301 0.01 $500,000 Hasbro 3.9% 19/11/2029 392 0.01 $200,000 Hess 5.8% 1/4/2047 171 0.01 $300,000 Hasbro 5.1% 15/5/2044 230 0.01 $250,000 Hess 6% 15/1/2040 216 0.01 $100,000 HBOS 6% 1/11/2033 99 0.00 $97,000 Hess 7.3% 15/8/2031 89 0.00 $400,000 HCA 4.125% 15/6/2029 344 0.01 $500,000 Heungkuk Life Insurance 374 0.01 $700,000 HCA 4.125% 15/6/2029 602 0.02 4.475% Perpetual 9/5/2169Ø $500,000 HCA 4.5% 15/2/2027 427 0.01 $500,000 Hewlett Packard Enterprise 378 0.01 $500,000 HCA 4.75% 1/5/2023 411 0.01 1.45% 1/4/2024 $500,000 HCA 5% 15/3/2024 422 0.01 $500,000 Hewlett Packard Enterprise 375 0.01 $300,000 HCA 5.125% 15/6/2039 279 0.01 1.75% 1/4/2026 $600,000 HCA 5.25% 15/4/2025 523 0.02 $500,000 Hewlett Packard Enterprise 387 0.01 $400,000 HCA 5.25% 15/6/2049 375 0.01 2.25% 1/4/2023 $200,000 HCA 5.25% 15/6/2049 188 0.01 $300,000 Hewlett Packard Enterprise 240 0.01 4.4% 15/10/2022 $500,000 HCA 5.5% 15/6/2047 474 0.02 $500,000 Hewlett Packard Enterprise 412 0.01 $200,000 Health Care Service A 153 0.01 4.45% 2/10/2023 Mutual Legal Reserve 1.5% 1/6/2025 $800,000 Hewlett Packard Enterprise 675 0.02 4.65% 1/10/2024 $300,000 Health Care Service A 229 0.01 Mutual Legal Reserve 2.2% $600,000 Hewlett Packard Enterprise 518 0.02 1/6/2030 4.9% 15/10/2025 $250,000 Health Care Service A 195 0.01 $500,000 Hewlett Packard Enterprise 467 0.02 Mutual Legal Reserve 3.2% 6.2% 15/10/2035 1/6/2050 $200,000 Hewlett Packard Enterprise 193 0.01 $500,000 Healthcare Realty Trust 376 0.01 6.35% 15/10/2045 2.4% 15/3/2030 $200,000 High Street Funding Trust I 169 0.01 4.111% 15/2/2028

277 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Highwoods Realty LP 404 0.01 $200,000 Home Depot 5.95% 227 0.01 3.875% 1/3/2027 1/4/2041 $350,000 HKT Capital No 2 3.625% 282 0.01 $500,000 Honeywell International 385 0.01 2/4/2025Ø 1.35% 1/6/2025 $500,000 HKT Capital No 5 3.25% 397 0.01 $750,000 Honeywell International 569 0.02 30/9/2029Ø 1.85% 1/11/2021 $400,000 HollyFrontier 5.875% 328 0.01 $500,000 Honeywell International 393 0.01 1/4/2026 1.95% 1/6/2030 $600,000 Home Depot 2.125% 484 0.02 $600,000 Honeywell International 479 0.02 15/9/2026 2.3% 15/8/2024 $500,000 Home Depot 2.5% 409 0.01 $300,000 Honeywell International 251 0.01 15/4/2027 2.7% 15/8/2029 $500,000 Home Depot 2.625% 388 0.01 $300,000 Honeywell International 243 0.01 1/6/2022 2.8% 1/6/2050 $1,000,000 Home Depot 2.7% 830 0.03 $250,000 Honeywell International 238 0.01 15/4/2030 3.812% 21/11/2047 $300,000 Home Depot 2.8% 249 0.01 $500,000 Hongkong Electric Finance 402 0.01 14/9/2027 2.875% 3/5/2026 $500,000 Home Depot 2.95% 421 0.01 $300,000 Hongkong Land Finance 236 0.01 15/6/2029 Cayman Islands 4.5% $700,000 Home Depot 3% 1/4/2026 588 0.02 1/6/2022 $400,000 Home Depot 3.125% 329 0.01 $500,000 Horse Gallop Finance 1.7% 375 0.01 15/12/2049 28/7/2025 $300,000 Home Depot 3.25% 234 0.01 $600,000 Horse Gallop Finance 462 0.02 Ø 1/3/2022 3.25% 30/5/2022 $800,000 Home Depot 3.3% 683 0.02 $300,000 Host Hotels & Resorts LP 218 0.01 15/4/2040 3.375% 15/12/2029 $200,000 Home Depot 3.35% 168 0.01 $375,000 Host Hotels & Resorts LP 293 0.01 15/9/2025 4% 15/6/2025 $500,000 Home Depot 3.35% 427 0.01 $500,000 Howmet Aerospace 5.125% 401 0.01 15/4/2050 1/10/2024 $400,000 Home Depot 3.5% 356 0.01 $250,000 Howmet Aerospace 5.95% 211 0.01 15/9/2056 1/2/2037 $400,000 Home Depot 3.9% 357 0.01 $500,000 Howmet Aerospace 6.875% 424 0.01 6/12/2028 1/5/2025 $400,000 Home Depot 3.9% 365 0.01 $300,000 HP 2.2% 17/6/2025 236 0.01 15/6/2047 $300,000 HP 3% 17/6/2027 243 0.01 $300,000 Home Depot 4.2% 1/4/2043 282 0.01 $300,000 HP 3.4% 17/6/2030 242 0.01 $600,000 Home Depot 4.25% 575 0.02 $250,000 HP 4.05% 15/9/2022 199 0.01 1/4/2046 $400,000 HP 6% 15/9/2041 367 0.01 $400,000 Home Depot 4.4% 385 0.01 $405,000 HPHT Finance 17 2.75% 309 0.01 15/3/2045 11/9/2022 $200,000 Home Depot 4.5% 200 0.01 $1,600,000 HSBC 1.645% 18/4/2026 1,205 0.04 6/12/2048 $500,000 HSBC 2.357% 18/8/2031 378 0.01 $250,000 Home Depot 4.5% 250 0.01 $900,000 HSBC 2.633% 7/11/2025 705 0.02 6/12/2048 $600,000 HSBC 3.033% 22/11/2023 470 0.02 $300,000 Home Depot 4.875% 304 0.01 $500,000 HSBC 3.262% 13/3/2023 388 0.01 15/2/2044 $500,000 HSBC 3.262% 13/3/2023 388 0.01 $550,000 Home Depot 5.875% 615 0.02 $1,000,000 HSBC 3.6% 25/5/2023 803 0.03 16/12/2036 $700,000 HSBC 3.803% 11/3/2025 567 0.02

BlackRock Collective Investment Funds 278 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 HSBC 3.9% 25/5/2026 422 0.01 $100,000 Hutchison Whampoa 119 0.00 $500,000 HSBC 3.95% 18/5/2024 403 0.01 International 03/33 7.45% $800,000 HSBC 3.973% 22/5/2030 678 0.02 24/11/2033 $500,000 HSBC 3.973% 22/5/2030Ø 424 0.01 $600,000 Hutchison Whampoa 469 0.02 International 11 4.625% $300,000 HSBC 4% 30/3/2022 236 0.01 13/1/2022Ø $700,000 HSBC 4.041% 13/3/2028 588 0.02 $200,000 Hutchison Whampoa 156 0.01 $500,000 HSBC 4.25% 14/3/2024 409 0.01 International 12 II 3.25% $700,000 HSBC 4.25% 18/8/2025 580 0.02 8/11/2022Ø $700,000 HSBC 4.292% 12/9/2026 589 0.02 $500,000 Hutchison Whampoa 407 0.01 $850,000 HSBC 4.3% 8/3/2026 729 0.03 International 14 3.625% $1,000,000 HSBC 4.375% 23/11/2026 845 0.03 31/10/2024Ø $800,000 HSBC 4.583% 19/6/2029 698 0.02 $400,000 Hyatt Hotels 4.375% 307 0.01 $1,200,000 HSBC 4.95% 31/3/2030 1,104 0.04 15/9/2028 $200,000 HSBC 5.25% 14/3/2044 195 0.01 $200,000 Hyatt Hotels 5.375% 163 0.01 $300,000 HSBC 6.1% 14/1/2042 330 0.01 23/4/2025 $1,550,000 HSBC 6.5% 2/5/2036 1,597 0.06 $400,000 Hysan MTN 2.82% 4/9/2029 306 0.01 $1,200,000 HSBC 6.5% 15/9/2037 1,256 0.04 $500,000 Hyundai Capital America 388 0.01 $250,000 HSBC Bank USA NA 7% 285 0.01 2.65% 10/2/2025 15/1/2039 $300,000 Hyundai Capital America 232 0.01 $150,000 HSBC Capital Funding 179 0.01 2.85% 1/11/2022 Dollar 1 LP 10.176% $300,000 Hyundai Capital America 231 0.01 Perpetual 31/12/2168 3% 20/6/2022 $500,000 HSBC USA 3.5% 23/6/2024 411 0.01 $500,000 Hyundai Capital America 391 0.01 $600,000 Hubbell 3.5% 15/2/2028 482 0.02 3% 10/2/2027 $300,000 Hudson Pacific Properties 253 0.01 $300,000 Hyundai Capital America 242 0.01 LP 4.65% 1/4/2029 3.5% 2/11/2026 $600,000 Humana 3.125% 15/8/2029 495 0.02 $500,000 Hyundai Capital America 416 0.01 5.75% 6/4/2023 $300,000 Humana 3.15% 1/12/2022 236 0.01 $250,000 Hyundai Capital America 241 0.01 $1,000,000 Humana 3.85% 1/10/2024 826 0.03 6.375% 8/4/2030 $200,000 Humana 3.95% 15/8/2049 181 0.01 $750,000 Hyundai Capital Services 580 0.02 $350,000 Humana 4.625% 1/12/2042 333 0.01 3% 29/8/2022Ø $400,000 Huntington Bancshares 306 0.01 $800,000 IBM Credit 3% 6/2/2023 637 0.02 Inc/OH 2.3% 14/1/2022 $500,000 IBM Credit 3.6% 30/11/2021 389 0.01 $500,000 Huntington Bancshares 400 0.01 $500,000 ICICI Bank Ltd/Dubai 3.8% 382 0.01 Inc/OH 2.625% 6/8/2024 14/12/2027 $400,000 Huntington Ingalls 326 0.01 $275,000 ICL 6.375% 31/5/2038Ø 256 0.01 Industries 3.483% 1/12/2027 $300,000 IFC Development Corporate 246 0.01 Treasury 3.625% 17/4/2029 $500,000 Huntington National 388 0.01 Bank/The 3.125% 1/4/2022 $400,000 IHS Markit 3.625% 1/5/2024 323 0.01 $500,000 Huntington National 408 0.01 $400,000 IHS Markit 3.625% 1/5/2024 323 0.01 Bank/The 3.55% 6/10/2023 $400,000 IHS Markit 4.75% 1/8/2028 358 0.01 $400,000 Huntsman International 331 0.01 $400,000 IHS Markit 5% 1/11/2022 321 0.01 4.5% 1/5/2029 $500,000 Illinois Tool Works 2.65% 415 0.01 $350,000 Husky Energy 3.95% 270 0.01 15/11/2026 15/4/2022 $150,000 Illinois Tool Works 3.375% 115 0.00 $300,000 Husky Energy 4.4% 239 0.01 15/9/2021 15/4/2029 $200,000 Illinois Tool Works 3.5% 164 0.01 $500,000 Husky Energy 4.4% 398 0.01 1/3/2024 15/4/2029

279 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$350,000 Illinois Tool Works 3.9% 328 0.01 $500,000 Intercontinental Exchange 378 0.01 1/9/2042 1.85% 15/9/2032 $700,000 Imperial Brands Finance 552 0.02 $500,000 Intercontinental Exchange 387 0.01 3.125% 26/7/2024 2.1% 15/6/2030 $300,000 Imperial Brands Finance 234 0.01 $300,000 Intercontinental Exchange 227 0.01 3.75% 21/7/2022 2.65% 15/9/2040 $800,000 Imperial Brands Finance 664 0.02 $300,000 Intercontinental Exchange 234 0.01 4.25% 21/7/2025 3% 15/6/2050 $100,000 Indiana Michigan Power 105 0.00 $600,000 Intercontinental Exchange 463 0.02 6.05% 15/3/2037 3% 15/9/2060 $400,000 Industrial Bank Ltd/Hong 302 0.01 $600,000 Intercontinental Exchange 498 0.02 Kong 3.5% 5/3/2021 3.1% 15/9/2027 $300,000 Industrias Penoles 5.65% 264 0.01 $100,000 Intercontinental Exchange 86 0.00 12/9/2049 3.75% 21/9/2028 $250,000 Infraestructura Energetica 187 0.01 $700,000 Intercontinental Exchange 583 0.02 Nova 4.875% 14/1/2048 4% 15/10/2023 $500,000 ING Groep 3.15% 29/3/2022 388 0.01 $400,000 Intercontinental Exchange 374 0.01 $400,000 ING Groep 3.55% 9/4/2024 328 0.01 4.25% 21/9/2048 $500,000 ING Groep 3.95% 29/3/2027 432 0.02 $1,000,000 International Business 774 0.03 $300,000 ING Groep 4.05% 9/4/2029 266 0.01 Machines 1.7% 15/5/2027 $500,000 ING Groep 4.1% 2/10/2023 412 0.01 $350,000 International Business 269 0.01 Machines 1.875% 1/8/2022 $400,000 ING Groep 4.55% 2/10/2028 364 0.01 $500,000 International Business 386 0.01 $400,000 ING Groep 4.625% 6/1/2026 354 0.01 Machines 1.95% 15/5/2030 $500,000 ING Groep 4.7% 397 0.01 $800,000 International Business 623 0.02 22/3/2028Ø Machines 2.85% 13/5/2022 $200,000 Ingredion 2.9% 1/6/2030 162 0.01 $300,000 International Business 238 0.01 $150,000 Ingredion 3.9% 1/6/2050 129 0.00 Machines 2.85% 15/5/2040 $500,000 Intel 2.35% 11/5/2022 386 0.01 $500,000 International Business 394 0.01 $500,000 Intel 2.45% 15/11/2029 406 0.01 Machines 2.875% 9/11/2022 $500,000 Intel 2.6% 19/5/2026 411 0.01 $350,000 International Business 270 0.01 $750,000 Intel 2.7% 15/12/2022 592 0.02 Machines 2.95% 15/5/2050 $400,000 Intel 2.875% 11/5/2024 323 0.01 $800,000 International Business 650 0.02 $450,000 Intel 3.1% 15/2/2060 360 0.01 Machines 3% 15/5/2024 $300,000 Intel 3.15% 11/5/2027 252 0.01 $1,000,000 International Business 848 0.03 $300,000 Intel 3.3% 1/10/2021 231 0.01 Machines 3.3% 15/5/2026 $500,000 Intel 3.4% 25/3/2025 419 0.01 $300,000 International Business 254 0.01 $600,000 Intel 3.7% 29/7/2025 511 0.02 Machines 3.3% 27/1/2027 $1,006,000 Intel 3.734% 8/12/2047 896 0.03 $500,000 International Business 425 0.01 $500,000 Intel 3.75% 25/3/2027 437 0.02 Machines 3.45% 19/2/2026 $500,000 Intel 3.9% 25/3/2030 454 0.02 $200,000 International Business 173 0.01 Machines 3.5% 15/5/2029 $300,000 Intel 4.1% 19/5/2046 279 0.01 $1,000,000 International Business 867 0.03 $300,000 Intel 4.1% 11/5/2047 283 0.01 Machines 3.5% 15/5/2029 $500,000 Intel 4.6% 25/3/2040 497 0.02 $1,000,000 International Business 824 0.03 $1,300,000 Intel 4.75% 25/3/2050 1,345 0.05 Machines 3.625% 12/2/2024 $400,000 Intel 4.8% 1/10/2041 402 0.01 $750,000 International Business 689 0.02 $400,000 Intel 4.9% 29/7/2045 410 0.01 Machines 4.15% 15/5/2039 $1,000,000 Intercontinental Exchange 752 0.03 $850,000 International Business 807 0.03 0.7% 15/6/2023 Machines 4.25% 15/5/2049

BlackRock Collective Investment Funds 280 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 International Business 190 0.01 $200,000 Intesa Sanpaolo 4.7% 172 0.01 Machines 4.25% 15/5/2049 23/9/2049 $400,000 International Business 399 0.01 $250,000 Intesa Sanpaolo 6.5% 191 0.01 Machines 4.7% 19/2/2046 24/2/2021 $211,000 International Business 226 0.01 $500,000 Intuit 0.95% 15/7/2025 378 0.01 Machines 5.6% 30/11/2039 $300,000 Inversiones CMPC 4.375% 250 0.01 $200,000 International Flavors & 170 0.01 4/4/2027Ø Fragrances 4.375% $200,000 Inversiones CMPC 4.75% 164 0.01 1/6/2047 15/9/2024 $200,000 International Flavors & 186 0.01 $400,000 Inversiones CMPC 317 0.01 Fragrances 5% 26/9/2048 SA/Cayman Islands Branch $500,000 International Lease Finance 404 0.01 4.375% 15/5/2023 5.875% 15/8/2022 $600,000 Invesco Finance 4% 491 0.02 $400,000 International Paper 3% 329 0.01 30/1/2024 15/2/2027 $200,000 Invesco Finance 5.375% 183 0.01 $300,000 International Paper 3.65% 248 0.01 30/11/2043 15/6/2024 $600,000 IPALCO Enterprises 4.25% 501 0.02 $300,000 International Paper 3.8% 256 0.01 1/5/2030 15/1/2026 $500,000 ITC 2.95% 14/5/2030 406 0.01 $300,000 International Paper 4.35% 269 0.01 $500,000 ITC 3.65% 15/6/2024 410 0.01 15/8/2048 $500,000 J M Smucker 2.375% 389 0.01 $400,000 International Paper 4.4% 361 0.01 15/3/2030 15/8/2047 $500,000 J M Smucker 3.5% 419 0.01 $150,000 International Paper 4.8% 137 0.00 15/3/2025Ø 15/6/2044 $250,000 J M Smucker 4.25% 224 0.01 $300,000 International Paper 5% 289 0.01 15/3/2035 15/9/2035 $200,000 J M Smucker 4.375% 180 0.01 $200,000 International Paper 5.15% 191 0.01 15/3/2045 15/5/2046 $500,000 Jabil 3.95% 12/1/2028 411 0.01 $500,000 International Paper 6% 504 0.02 $250,000 Jackson National Life Global 205 0.01 15/11/2041 Funding 3.05% 29/4/2026 $150,000 International Paper 7.3% 161 0.01 $1,000,000 Jackson National Life Global 805 0.03 15/11/2039 Funding 3.25% 30/1/2024 $300,000 Interpublic of Cos 3.75% 239 0.01 $400,000 JB Hunt Transport Services 345 0.01 15/2/2023 3.875% 1/3/2026 $800,000 Interpublic of Cos 4.75% 719 0.02 $200,000 JD.com 3.875% 29/4/2026 167 0.01 30/3/2030 $200,000 JD.com 4.125% 14/1/2050 171 0.01 $300,000 Interpublic of Cos 5.4% 266 0.01 $100,000 Jefferies 5.125% 20/1/2023 82 0.00 1/10/2048 $250,000 Jefferies 6.25% 15/1/2036 226 0.01 $600,000 Interstate Power and Light 494 0.02 $150,000 Jefferies 6.5% 20/1/2043 142 0.01 3.25% 1/12/2024 $250,000 Jefferies 6.875% 15/4/2021 194 0.01 $100,000 Interstate Power and Light 84 0.00 3.5% 30/9/2049 $300,000 Jefferies / Jefferies Capital 253 0.01 Finance 4.15% 23/1/2030 $250,000 Interstate Power and Light 222 0.01 4.1% 26/9/2028 $300,000 Jefferies Financial 5.5% 247 0.01 18/10/2023 $600,000 Intesa Sanpaolo 3.125% 460 0.02 14/7/2022 $300,000 Jersey Central Power & 251 0.01 Light 4.7% 1/4/2024 $300,000 Intesa Sanpaolo 3.25% 237 0.01 23/9/2024 $493,904 JetBlue 2019-1 Class AA 354 0.01 Pass Through Trust 2.75% $500,000 Intesa Sanpaolo 3.875% 395 0.01 15/11/2033 12/1/2028

281 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$700,000 John Deere Capital 2.65% 563 0.02 $450,000 Johnson & Johnson 3.75% 419 0.01 24/6/2024 3/3/2047 $300,000 John Deere Capital 2.65% 248 0.01 $250,000 Johnson & Johnson 4.375% 246 0.01 10/6/2026 5/12/2033 $400,000 John Deere Capital 2.75% 310 0.01 $300,000 Johnson & Johnson 4.5% 300 0.01 15/3/2022 1/9/2040 $200,000 John Deere Capital 2.8% 158 0.01 $100,000 Johnson & Johnson 4.85% 106 0.00 27/1/2023 15/5/2041 $500,000 John Deere Capital 2.8% 397 0.01 $250,000 Johnson & Johnson 4.95% 259 0.01 6/3/2023 15/5/2033 $500,000 John Deere Capital 2.8% 419 0.01 $100,000 Johnson & Johnson 5.85% 115 0.00 18/7/2029 15/7/2038 $300,000 John Deere Capital 3.05% 252 0.01 $300,000 Johnson & Johnson 5.95% 348 0.01 6/1/2028 15/8/2037 $500,000 John Deere Capital 3.2% 388 0.01 $300,000 Johnson & Son 4% 267 0.01 10/1/2022 15/5/2043 $600,000 John Deere Capital 3.4% 506 0.02 $300,000 Johnson & Son 4.75% 301 0.01 11/9/2025 15/10/2046 $900,000 John Deere Capital 3.45% 736 0.03 $373,000 Johnson Controls 314 0.01 10/1/2024 International 3.9% $300,000 John Deere Capital 3.9% 231 0.01 14/2/2026 12/7/2021 $200,000 Johnson Controls 182 0.01 $1,000,000 Johnson & Johnson 0.95% 754 0.03 International 4.625% 1/9/2027 2/7/2044 $500,000 Johnson & Johnson 2.1% 374 0.01 $200,000 Johnson Controls 187 0.01 1/9/2040 International 4.95% $500,000 Johnson & Johnson 2.25% 384 0.01 2/7/2064 3/3/2022 $105,000 Johnson Controls 103 0.00 $300,000 Johnson & Johnson 2.45% 230 0.01 International 5.125% 5/12/2021 14/9/2045 $500,000 Johnson & Johnson 2.45% 410 0.01 $1,500,000 JPMorgan Chase & 1.514% 1,146 0.04 1/3/2026 1/6/2024 $900,000 Johnson & Johnson 2.45% 661 0.02 $2,000,000 JPMorgan Chase & 2.005% 1,559 0.05 1/9/2060 13/3/2026 $400,000 Johnson & Johnson 2.625% 325 0.01 $1,000,000 JPMorgan Chase & 2.083% 784 0.03 15/1/2025 22/4/2026 $500,000 Johnson & Johnson 2.9% 423 0.01 $1,000,000 JPMorgan Chase & 2.182% 782 0.03 15/1/2028 1/6/2028 $575,000 Johnson & Johnson 2.95% 482 0.02 $700,000 JPMorgan Chase & 2.301% 552 0.02 3/3/2027 15/10/2025 $400,000 Johnson & Johnson 3.375% 330 0.01 $1,000,000 JPMorgan Chase & 2.522% 801 0.03 5/12/2023 22/4/2031 $500,000 Johnson & Johnson 3.4% 443 0.02 $500,000 JPMorgan Chase & 2.7% 395 0.01 15/1/2038 18/5/2023 $200,000 Johnson & Johnson 3.5% 182 0.01 $1,100,000 JPMorgan Chase & 2.739% 892 0.03 15/1/2048 15/10/2030 $500,000 Johnson & Johnson 3.55% 449 0.02 $800,000 JPMorgan Chase & 2.95% 662 0.02 1/3/2036 1/10/2026 $800,000 Johnson & Johnson 3.7% 743 0.03 $1,000,000 JPMorgan Chase & 2.956% 803 0.03 1/3/2046 13/5/2031

BlackRock Collective Investment Funds 282 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 JPMorgan Chase & 2.972% 386 0.01 $1,000,000 JPMorgan Chase & 4.023% 826 0.03 15/1/2023 5/12/2024 $700,000 JPMorgan Chase & 3.109% 574 0.02 $500,000 JPMorgan Chase & 4.032% 463 0.02 22/4/2041 24/7/2048 $900,000 JPMorgan Chase & 3.109% 732 0.03 $1,100,000 JPMorgan Chase & 4.125% 960 0.03 22/4/2051 15/12/2026 $700,000 JPMorgan Chase & 3.125% 571 0.02 $1,000,000 JPMorgan Chase & 4.203% 883 0.03 23/1/2025 23/7/2029 $1,500,000 JPMorgan Chase & 3.2% 1,194 0.04 $1,100,000 JPMorgan Chase & 4.26% 1,045 0.04 25/1/2023 22/2/2048 $500,000 JPMorgan Chase & 3.2% 418 0.01 $1,000,000 JPMorgan Chase & 4.35% 776 0.03 15/6/2026 15/8/2021 $600,000 JPMorgan Chase & 3.207% 467 0.02 $1,700,000 JPMorgan Chase & 4.452% 1,533 0.05 1/4/2023 5/12/2029 $500,000 JPMorgan Chase & 3.22% 404 0.01 $500,000 JPMorgan Chase & 4.493% 460 0.02 1/3/2025 24/3/2031 $750,000 JPMorgan Chase & 3.25% 593 0.02 $350,000 JPMorgan Chase & 4.5% 276 0.01 23/9/2022 24/1/2022 $750,000 JPMorgan Chase & 3.3% 629 0.02 $650,000 JPMorgan Chase & 4.95% 667 0.02 1/4/2026 1/6/2045 $250,000 JPMorgan Chase & 3.375% 200 0.01 $800,000 JPMorgan Chase & 5.4% 875 0.03 1/5/2023 6/1/2042 $1,000,000 JPMorgan Chase & 3.509% 843 0.03 $300,000 JPMorgan Chase & 5.5% 324 0.01 23/1/2029 15/10/2040 $400,000 JPMorgan Chase & 3.559% 321 0.01 $250,000 JPMorgan Chase & 5.6% 277 0.01 23/4/2024 15/7/2041 $500,000 JPMorgan Chase & 3.625% 413 0.01 $500,000 JPMorgan Chase & 5.625% 546 0.02 13/5/2024 16/8/2043 $1,300,000 JPMorgan Chase & 3.625% 1,093 0.04 $800,000 JPMorgan Chase & 6.4% 925 0.03 1/12/2027 15/5/2038 $500,000 JPMorgan Chase & 3.782% 428 0.01 $400,000 JT International Financial 345 0.01 1/2/2028 Services 3.875% 28/9/2028 $400,000 JPMorgan Chase & 3.797% 325 0.01 $300,000 Juniper Networks 3.75% 255 0.01 23/7/2024 15/8/2029 $900,000 JPMorgan Chase & 3.875% 749 0.03 $400,000 Juniper Networks 4.5% 336 0.01 10/9/2024 15/3/2024 $750,000 JPMorgan Chase & 3.882% 673 0.02 $300,000 Kaiser Foundation Hospitals 252 0.01 24/7/2038 3.15% 1/5/2027 $500,000 JPMorgan Chase & 3.897% 458 0.02 $600,000 Kaiser Foundation Hospitals 501 0.02 23/1/2049 3.266% 1/11/2049 $900,000 JPMorgan Chase & 3.9% 765 0.03 $250,000 Kaiser Foundation Hospitals 258 0.01 15/7/2025 4.875% 1/4/2042 $500,000 JPMorgan Chase & 3.96% 429 0.01 $500,000 Kallpa Generacion 4.125% 387 0.01 29/1/2027 16/8/2027 $900,000 JPMorgan Chase & 3.964% 826 0.03 $350,000 Kansai Electric Power 276 0.01 15/11/2048 2.55% 17/9/2024 $1,300,000 JPMorgan Chase & 4.005% 1,131 0.04 $500,000 Kansas City Southern 388 0.01 23/4/2029 2.875% 15/11/2029 $500,000 JPMorgan Chase & 4.023% 413 0.01 $400,000 Kansas City Southern 4.2% 301 0.01 5/12/2024 15/11/2069

283 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$250,000 Kansas City Southern 200 0.01 $300,000 KeySpan Gas East 5.819% 311 0.01 4.95% 15/8/2045 1/4/2041 $200,000 KEB Hana Bank 2.5% 150 0.01 $306,000 Kia Motors 3.25% 21/4/2026 247 0.01 27/1/2021 $200,000 Kilroy Realty LP 3.05% 155 0.01 $500,000 KEB Hana Bank 4.375% 412 0.01 15/2/2030 30/9/2024 $200,000 Kilroy Realty LP 4.25% 168 0.01 $500,000 Kellogg 2.1% 1/6/2030 383 0.01 15/8/2029 $300,000 Kellogg 2.65% 1/12/2023 238 0.01 $200,000 Kilroy Realty LP 4.375% 165 0.01 $600,000 Kellogg 3.25% 1/4/2026 504 0.02 1/10/2025 $200,000 Kellogg 3.4% 15/11/2027 168 0.01 $350,000 Kimberly-Clark 2.4% 269 0.01 $25,000 Kellogg 4% 15/12/2020 19 0.00 1/3/2022 $300,000 Kellogg 4.5% 1/4/2046 284 0.01 $600,000 Kimberly-Clark 2.4% 472 0.02 1/6/2023 $100,000 Kentucky Utilities 4.375% 94 0.00 1/10/2045 $200,000 Kimberly-Clark 2.875% 163 0.01 7/2/2050 $250,000 Kerry Financial Services 196 0.01 Unltd 3.2% 9/4/2023 $500,000 Kimberly-Clark 3.1% 426 0.01 26/3/2030 $500,000 Keurig Dr Pepper 3.2% 419 0.01 1/5/2030 $200,000 Kimberly-Clark 3.2% 173 0.01 30/7/2046 $250,000 Keurig Dr Pepper 3.4% 209 0.01 15/11/2025 $200,000 Kimberly-Clark 3.9% 190 0.01 4/5/2047 $250,000 Keurig Dr Pepper 3.8% 217 0.01 1/5/2050 $300,000 Kimberly-Clark 3.95% 270 0.01 1/11/2028 $700,000 Keurig Dr Pepper 4.057% 571 0.02 25/5/2023 $150,000 Kimberly-Clark 6.625% 180 0.01 1/8/2037 $400,000 Keurig Dr Pepper 4.417% 346 0.01 25/5/2025 $800,000 Kimco Realty 2.7% 1/3/2024 621 0.02 $300,000 Keurig Dr Pepper 4.42% 281 0.01 $500,000 Kimco Realty 2.8% 392 0.01 15/12/2046 1/10/2026 $700,000 Keurig Dr Pepper 4.597% 632 0.02 $150,000 Kimco Realty 4.25% 119 0.00 25/5/2028 1/4/2045 $225,000 Keurig Dr Pepper 4.985% 220 0.01 $300,000 Kimco Realty 4.45% 244 0.01 25/5/2038 1/9/2047 $200,000 Keurig Dr Pepper 5.085% 204 0.01 $300,000 Kinder Morgan 2% 220 0.01 25/5/2048 15/2/2031 $1,000,000 KeyBank NA/Cleveland OH 762 0.03 $200,000 Kinder Morgan 3.25% 140 0.00 1.25% 10/3/2023 1/8/2050 $300,000 KeyBank NA/Cleveland OH 232 0.01 $500,000 Kinder Morgan 4.3% 424 0.01 2.4% 9/6/2022 1/6/2025 $300,000 KeyBank NA/Cleveland OH 234 0.01 $400,000 Kinder Morgan 4.3% 346 0.01 3.18% 15/10/2027 1/3/2028 $300,000 KeyBank NA/Cleveland OH 251 0.01 $400,000 Kinder Morgan 5.05% 354 0.01 3.3% 1/6/2025 15/2/2046 $250,000 KeyBank NA/Cleveland OH 214 0.01 $300,000 Kinder Morgan 5.2% 275 0.01 3.9% 13/4/2029 1/3/2048 $200,000 KeyCorp 2.55% 1/10/2029 160 0.01 $300,000 Kinder Morgan 5.3% 269 0.01 1/12/2034 $250,000 KeyCorp 2.9% 15/9/2020 187 0.01 $850,000 Kinder Morgan 5.55% 786 0.03 $300,000 KeyCorp 4.1% 30/4/2028 263 0.01 1/6/2045 $200,000 KeyCorp 4.15% 29/10/2025 173 0.01 $400,000 Kinder Morgan 7.75% 429 0.01 $400,000 Keysight Technologies 3% 329 0.01 15/1/2032 30/10/2029

BlackRock Collective Investment Funds 284 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$1,000,000 Kinder Morgan Energy 785 0.03 $200,000 Kohl’s 5.55% 17/7/2045 136 0.00 Partners LP 3.45% $200,000 Kohl’s 9.5% 15/5/2025 180 0.01 15/2/2023 $102,000 Koninklijke Ahold Delhaize 107 0.00 $350,000 Kinder Morgan Energy 280 0.01 5.7% 1/10/2040 Partners LP 3.5% 1/9/2023 $200,000 Koninklijke Philips 5% 196 0.01 $500,000 Kinder Morgan Energy 395 0.01 15/3/2042 Partners LP 3.95% 1/9/2022 $100,000 Koninklijke Philips 6.875% 114 0.00 $500,000 Kinder Morgan Energy 414 0.01 11/3/2038 Partners LP 4.3% 1/5/2024 $1,000,000 Kookmin Bank 2.875% 787 0.03 $400,000 Kinder Morgan Energy 326 0.01 25/3/2023Ø Partners LP 4.7% 1/11/2042 $150,000 Kroger 2.2% 1/5/2030 117 0.00 $100,000 Kinder Morgan Energy 77 0.00 $250,000 Kroger 3.5% 1/2/2026 210 0.01 Partners LP 5% 1/10/2021 $800,000 Kroger 3.7% 1/8/2027 692 0.02 $250,000 Kinder Morgan Energy 212 0.01 $200,000 Kroger 3.875% 15/10/2046 171 0.01 Partners LP 5% 1/3/2043 $200,000 Kroger 3.95% 15/1/2050 174 0.01 $100,000 Kinder Morgan Energy 89 0.00 $400,000 Kroger 4% 1/2/2024 329 0.01 Partners LP 5.4% 1/9/2044 $300,000 Kroger 4.45% 1/2/2047 276 0.01 $200,000 Kinder Morgan Energy 179 0.01 Partners LP 5.5% 1/3/2044 $300,000 Kroger 4.5% 15/1/2029 275 0.01 $250,000 Kinder Morgan Energy 235 0.01 $300,000 Kroger 5% 15/4/2042 283 0.01 Partners LP 6.375% $300,000 Kroger 5.4% 15/1/2049 308 0.01 1/3/2041 $200,000 Kroger 5.4% 15/1/2049 205 0.01 $300,000 Kinder Morgan Energy 279 0.01 $400,000 KT 2.625% 7/8/2022 309 0.01 Partners LP 6.55% $350,000 L3Harris Technologies 294 0.01 15/9/2040 3.832% 27/4/2025 $250,000 Kinder Morgan Energy 248 0.01 $257,000 L3Harris Technologies 210 0.01 Partners LP 6.95% 3.95% 28/5/2024 15/1/2038 $700,000 L3Harris Technologies 4.4% 624 0.02 $150,000 Kinder Morgan Energy 149 0.01 15/6/2028 Partners LP 7.4% 15/3/2031 $300,000 L3Harris Technologies 300 0.01 $150,000 Kinder Morgan Energy 152 0.01 5.054% 27/4/2045 Partners LP 7.5% $400,000 La Mondiale SAM 4.8% 312 0.01 15/11/2040 18/1/2048Ø $500,000 Kinross Gold 5.95% 428 0.01 $300,000 La Mondiale SAM 5.875% 253 0.01 15/3/2024 26/1/2047 $200,000 Kirby 4.2% 1/3/2028 157 0.01 $750,000 Laboratory of America 614 0.02 $200,000 KKR Finance II 5.5% 191 0.01 3.25% 1/9/2024 1/2/2043 $250,000 Laboratory of America 3.6% 208 0.01 $200,000 KKR Finance III 5.125% 185 0.01 1/2/2025 1/6/2044 $500,000 Laboratory of America 3.6% 426 0.01 $500,000 KKR Finance VI 3.75% 428 0.01 1/9/2027 1/7/2029 $300,000 Laboratory of America 4.7% 287 0.01 $200,000 KKR Finance VII 3.625% 153 0.01 1/2/2045 25/2/2050 $200,000 LafargeHolcim Finance US 169 0.01 $500,000 KKR Finance VIII 3.5% 381 0.01 4.75% 22/9/2046 25/8/2050 $225,000 Lam Research 2.8% 171 0.01 $200,000 KLA 3.3% 1/3/2050 159 0.01 15/6/2021 $500,000 KLA 4.1% 15/3/2029 449 0.02 $400,000 Lam Research 2.875% 316 0.01 $500,000 KLA 4.65% 1/11/2024 429 0.01 15/6/2050 $200,000 KLA 5% 15/3/2049 199 0.01 $400,000 Lam Research 3.75% 344 0.01 $200,000 Kohl’s 4.25% 17/7/2025 147 0.01 15/3/2026

285 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 Lam Research 4% 358 0.01 $300,000 LifeStorage LP/CA 3.5% 245 0.01 15/3/2029 1/7/2026 $200,000 Lam Research 4% 179 0.01 $266,106 Lima Metro Line 2 Finance 247 0.01 15/3/2029 5.875% 5/7/2034 $200,000 Lam Research 4.875% 214 0.01 $150,000 Lincoln National 3.35% 123 0.00 15/3/2049 9/3/2025 $500,000 Las Vegas Sands 2.9% 371 0.01 $500,000 Lincoln National 3.4% 417 0.01 25/6/2025 15/1/2031 $500,000 Las Vegas Sands 3.2% 378 0.01 $700,000 Lincoln National 3.8% 593 0.02 8/8/2024 1/3/2028 $500,000 Las Vegas Sands 3.5% 381 0.01 $250,000 Lincoln National 4.2% 197 0.01 18/8/2026 15/3/2022 $500,000 Lazard 3.625% 1/3/2027 402 0.01 $200,000 Lincoln National 4.35% 175 0.01 $300,000 Leading Affluence 4.5% 233 0.01 1/3/2048 24/1/2023 $100,000 Lincoln National 6.3% 97 0.00 $200,000 Lear 3.5% 30/5/2030 153 0.01 9/10/2037 $200,000 Lear 4.25% 15/5/2029 160 0.01 $100,000 Lincoln National 7% 108 0.00 $200,000 Lear 5.25% 15/5/2049 161 0.01 15/6/2040 $500,000 LeasePlan 2.875% 390 0.01 $400,000 Link Finance Cayman 321 0.01 24/10/2024 2009 3.6% 3/9/2024 $700,000 Legal & General 5.25% 575 0.02 $500,000 Lloyds Banking 2.858% 386 0.01 21/3/2047 17/3/2023 $200,000 Legg Mason 5.625% 203 0.01 $1,000,000 Lloyds Banking 2.907% 781 0.03 15/1/2044 7/11/2023 $400,000 Leggett & Platt 4.4% 329 0.01 $300,000 Lloyds Banking 3% 232 0.01 15/3/2029 11/1/2022 $200,000 Legrand France 8.5% 198 0.01 $500,000 Lloyds Banking 3.574% 416 0.01 15/2/2025 7/11/2028 $700,000 Leidos 4.375% 15/5/2030 612 0.02 $1,000,000 Lloyds Banking 3.75% 841 0.03 11/1/2027 $100,000 Leland Stanford Junior 76 0.00 University/The 1.289% $1,000,000 Lloyds Banking 3.87% 821 0.03 1/6/2027 9/7/2025 $300,000 Leland Stanford Junior 233 0.01 $250,000 Lloyds Banking 3.9% 205 0.01 University/The 2.413% 12/3/2024 1/6/2050 $1,000,000 Lloyds Banking 4.05% 818 0.03 $111,000 Leland Stanford Junior 106 0.00 16/8/2023 University/The 3.647% $500,000 Lloyds Banking 4.344% 467 0.02 1/5/2048 9/1/2048 $300,000 Level 3 Financing 3.875% 243 0.01 $500,000 Lloyds Banking 4.375% 442 0.02 15/11/2029 22/3/2028 $400,000 LG Chem 3.25% 322 0.01 $300,000 Lloyds Banking 4.5% 248 0.01 15/10/2024Ø 4/11/2024 $500,000 Liberty Mutual 3.95% 408 0.01 $500,000 Lloyds Banking 4.55% 447 0.02 15/5/2060 16/8/2028 $450,000 Liberty Mutual 3.951% 377 0.01 $719,000 Lloyds Banking 4.582% 604 0.02 15/10/2050 10/12/2025 $500,000 Liberty Mutual 4.25% 410 0.01 $800,000 Lloyds Banking 4.65% 678 0.02 15/6/2023 24/3/2026 $200,000 Liberty Mutual 4.569% 181 0.01 $200,000 Lloyds Banking 5.3% 208 0.01 1/2/2029 1/12/2045

BlackRock Collective Investment Funds 286 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$375,600 LLPL Capital Pte 6.875% 323 0.01 $500,000 Lukoil International Finance 398 0.01 4/2/2039 4.563% 24/4/2023 $500,000 Lockheed Martin 1.85% 387 0.01 $500,000 Lukoil International Finance 419 0.01 15/6/2030 4.75% 2/11/2026 $300,000 Lockheed Martin 2.8% 237 0.01 $200,000 LYB International Finance 179 0.01 15/6/2050 4.875% 15/3/2044 $300,000 Lockheed Martin 2.9% 245 0.01 $200,000 LYB International Finance 183 0.01 1/3/2025 5.25% 15/7/2043 $50,000 Lockheed Martin 3.1% 40 0.00 $500,000 LYB International Finance II 415 0.01 15/1/2023 3.5% 2/3/2027Ø $306,000 Lockheed Martin 3.35% 236 0.01 $500,000 LYB International Finance III 401 0.01 15/9/2021 2.875% 1/5/2025 $300,000 Lockheed Martin 3.55% 256 0.01 $150,000 LYB International Finance III 122 0.00 15/1/2026 3.375% 1/5/2030 $800,000 Lockheed Martin 3.8% 730 0.03 $300,000 LYB International Finance III 249 0.01 1/3/2045 4.2% 15/10/2049 $400,000 Lockheed Martin 4.07% 377 0.01 $400,000 LYB International Finance III 327 0.01 15/12/2042 4.2% 1/5/2050 $564,000 Lockheed Martin 4.09% 547 0.02 $400,000 LyondellBasell Industries 342 0.01 15/9/2052 4.625% 26/2/2055 $475,000 Lockheed Martin 4.5% 459 0.02 $500,000 LyondellBasell Industries 431 0.02 15/5/2036 5.75% 15/4/2024 $400,000 Lockheed Martin 4.7% 409 0.01 $500,000 LyondellBasell Industries 393 0.01 15/5/2046 6% 15/11/2021 $350,000 Loews 2.625% 15/5/2023 275 0.01 $300,000 M&G 6.5% 20/10/2048 278 0.01 $300,000 Loews 3.75% 1/4/2026 254 0.01 $500,000 Macquarie 4.15% 27/3/2024 402 0.01 $200,000 Loews 4.125% 15/5/2043 169 0.01 $1,200,000 Macquarie 5.033% 1,073 0.04 $400,000 Longfor 3.95% 16/9/2029Ø 317 0.01 15/1/2030 $250,000 Lowe’s Cos 2.5% 15/4/2026 203 0.01 $500,000 Macquarie Bank 2.1% 386 0.01 $800,000 Lowe’s Cos 3.1% 3/5/2027 667 0.02 17/10/2022 $150,000 Lowe’s Cos 3.12% 116 0.00 $200,000 Macquarie Bank 6.625% 155 0.01 15/4/2022 7/4/2021 $500,000 Lowe’s Cos 3.375% 418 0.01 $200,000 MAF Sukuk 3.9325% 154 0.01 15/9/2025 28/2/2030 $600,000 Lowe’s Cos 3.65% 5/4/2029 519 0.02 $250,000 MAF Sukuk 4.5% 3/11/2025 201 0.01 $100,000 Lowe’s Cos 3.7% 15/4/2046 85 0.00 $200,000 MAF Sukuk 4.638% 162 0.01 14/5/2029 $600,000 Lowe’s Cos 4% 15/4/2025 512 0.02 $500,000 Magellan Midstream 403 0.01 $300,000 Lowe’s Cos 4.05% 3/5/2047 268 0.01 Partners LP 3.25% 1/6/2030 $300,000 Lowe’s Cos 4.25% 266 0.01 $200,000 Magellan Midstream 158 0.01 15/9/2044 Partners LP 3.95% 1/3/2050 $400,000 Lowe’s Cos 4.375% 363 0.01 $300,000 Magellan Midstream 242 0.01 15/9/2045 Partners LP 4.2% 3/10/2047 $500,000 Lowe’s Cos 4.55% 5/4/2049 480 0.02 $200,000 Magellan Midstream 161 0.01 $200,000 Lowe’s Cos 4.65% 190 0.01 Partners LP 4.25% 15/4/2042 15/9/2046 $500,000 Lowe’s Cos 5% 15/4/2040 494 0.02 $200,000 Magellan Midstream 174 0.01 $650,000 Lowe’s Cos 5.125% 673 0.02 Partners LP 5% 1/3/2026 15/4/2050 $500,000 Magna International 4.15% 426 0.01 $150,000 Lubrizol 6.5% 1/10/2034 175 0.01 1/10/2025 $500,000 Lukoil 3.875% 6/5/2030 398 0.01

287 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 Manufacturers & Traders 309 0.01 $300,000 Mars 4.125% 1/4/2054 287 0.01 Trust 2.5% 18/5/2022 $300,000 Mars 4.2% 1/4/2059 288 0.01 $500,000 Manufacturers & Traders 416 0.01 $500,000 Marsh & McLennan Cos 392 0.01 Trust 3.4% 17/8/2027 2.25% 15/11/2030 $500,000 Manulife Financial 2.484% 403 0.01 $300,000 Marsh & McLennan Cos 246 0.01 19/5/2027 3.5% 3/6/2024 $300,000 Manulife Financial 4.061% 239 0.01 $500,000 Marsh & McLennan Cos 429 0.01 24/2/2032 3.75% 14/3/2026 $200,000 Manulife Financial 4.15% 177 0.01 $1,100,000 Marsh & McLennan Cos 911 0.03 4/3/2026 3.875% 15/3/2024 $300,000 Manulife Financial 5.375% 309 0.01 $250,000 Marsh & McLennan Cos 244 0.01 4/3/2046 4.35% 30/1/2047 $500,000 MAR Sukuk 3.025% 383 0.01 $500,000 Marsh & McLennan Cos 455 0.02 13/11/2024 4.375% 15/3/2029 $500,000 Marathon Oil 3.85% 388 0.01 $500,000 Marsh & McLennan Cos 527 0.02 1/6/2025 4.9% 15/3/2049 $150,000 Marathon Oil 5.2% 1/6/2045 112 0.00 $300,000 Martin Marietta Materials 250 0.01 $500,000 Marathon Oil 6.6% 403 0.01 3.45% 1/6/2027 1/10/2037 $300,000 Martin Marietta Materials 253 0.01 $500,000 Marathon Petroleum 3.8% 410 0.01 4.25% 15/12/2047 1/4/2028 $350,000 Masco 3.5% 15/11/2027 283 0.01 $300,000 Marathon Petroleum 4.5% 240 0.01 $500,000 Masco 4.375% 1/4/2026 438 0.02 1/4/2048 $200,000 Massachusetts Electric 180 0.01 $700,000 Marathon Petroleum 4.75% 579 0.02 4.004% 15/8/2046 15/12/2023 $200,000 Massachusetts Electric 214 0.01 $300,000 Marathon Petroleum 5% 249 0.01 5.9% 15/11/2039 15/9/2054 $600,000 Massachusetts Institute of 448 0.02 $300,000 Marathon Petroleum 5.125% 229 0.01 Technology 2.294% 1/3/2021 1/7/2051 $300,000 Marathon Petroleum 5.125% 266 0.01 $300,000 Massachusetts Institute of 263 0.01 15/12/2026 Technology 2.989% $300,000 Marathon Petroleum 6.5% 287 0.01 1/7/2050 1/3/2041 $100,000 Massachusetts Institute of 94 0.00 $200,000 Markel 5% 5/4/2046 196 0.01 Technology 3.885% $400,000 Markel 5% 20/5/2049 393 0.01 1/7/2116 $150,000 Marriott International 112 0.00 $400,000 Massachusetts Institute of 448 0.02 Inc/MD 3.125% 15/6/2026 Technology 4.678% $400,000 Marriott International 301 0.01 1/7/2114 Inc/MD 3.5% 15/10/2032 $300,000 Massachusetts Mutual Life 232 0.01 $500,000 Marriott International 382 0.01 Insurance 3.375% Inc/MD 4% 15/4/2028 15/4/2050 $200,000 Marriott International 153 0.01 $332,000 Massachusetts Mutual Life 271 0.01 Inc/MD 4.5% 1/10/2034 Insurance 3.729% 15/10/2070 $750,000 Marriott International 629 0.02 Inc/MD 5.75% 1/5/2025 $500,000 MassMutual Global Funding 387 0.01 II 2.25% 1/7/2022 $500,000 Mars 2.375% 16/7/2040 367 0.01 $500,000 MassMutual Global Funding 403 0.01 $250,000 Mars 3.2% 1/4/2030 214 0.01 II 2.35% 14/1/2027 $300,000 Mars 3.6% 1/4/2034 272 0.01 $750,000 MassMutual Global Funding 580 0.02 $250,000 Mars 3.875% 1/4/2039 222 0.01 II 2.5% 13/4/2022 $300,000 Mars 3.95% 1/4/2049 281 0.01

BlackRock Collective Investment Funds 288 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 MassMutual Global Funding 409 0.01 $400,000 Medtronic 3.15% 15/3/2022 312 0.01 II 2.95% 11/1/2025 $834,000 Medtronic 3.5% 15/3/2025 701 0.02 $300,000 Mastercard 2% 21/11/2021 228 0.01 $600,000 Medtronic 3.5% 15/3/2025 504 0.02 $800,000 Mastercard 2% 3/3/2025 638 0.02 $200,000 Medtronic 3.625% 164 0.01 $800,000 Mastercard 2.95% 1/6/2029 677 0.02 15/3/2024 $600,000 Mastercard 3.3% 26/3/2027 514 0.02 $450,000 Medtronic 4.375% 444 0.02 $500,000 Mastercard 3.35% 439 0.02 15/3/2035 26/3/2030 $650,000 Medtronic 4.625% 670 0.02 $150,000 Mastercard 3.8% 138 0.00 15/3/2045 21/11/2046 $200,000 Medtronic Global 3.35% 171 0.01 $500,000 Mastercard 3.85% 470 0.02 1/4/2027 26/3/2050 $200,000 Mega Advance Investments 153 0.01 $400,000 Mastercard 3.95% 376 0.01 5% 12/5/2021 26/2/2048 $500,000 Meiji Yasuda Life Insurance 431 0.01 $500,000 Maxim Integrated Products 414 0.01 5.2% 20/10/2045 3.45% 15/6/2027 $300,000 Memorial Sloan-Kettering 299 0.01 $300,000 Mayo Clinic 4.128% 293 0.01 Cancer Center 4.125% 15/11/2052 1/7/2052 $500,000 McCormick & Inc/MD 3.15% 407 0.01 $250,000 Memorial Sloan-Kettering 254 0.01 15/8/2024 Cancer Center 4.2% $500,000 McCormick & Inc/MD 3.4% 422 0.01 1/7/2055 15/8/2027 $500,000 Merck & 0.75% 24/2/2026 376 0.01 $500,000 McDonald’s 2.125% 389 0.01 $500,000 Merck & 1.45% 24/6/2030 379 0.01 1/3/2030 $250,000 Merck & 2.35% 10/2/2022 193 0.01 $600,000 McDonald’s 2.625% 488 0.02 $500,000 Merck & 2.4% 15/9/2022 388 0.01 1/9/2029 $400,000 Merck & 2.45% 24/6/2050 300 0.01 $1,000,000 McDonald’s 3.3% 1/7/2025 835 0.03 $1,000,000 Merck & 2.75% 10/2/2025 815 0.03 $400,000 McDonald’s 3.5% 1/3/2027 339 0.01 $200,000 Merck & 2.8% 18/5/2023 159 0.01 $500,000 McDonald’s 3.5% 1/7/2027 427 0.01 $750,000 Merck & 3.4% 7/3/2029 655 0.02 $1,000,000 McDonald’s 3.6% 1/7/2030 867 0.03 $250,000 Merck & 3.6% 15/9/2042 227 0.01 $600,000 McDonald’s 3.625% 506 0.02 $650,000 Merck & 3.7% 10/2/2045 589 0.02 1/9/2049 $400,000 Merck & 3.9% 7/3/2039 373 0.01 $600,000 McDonald’s 3.7% 30/1/2026 512 0.02 $500,000 Merck & 3.9% 7/3/2039 467 0.02 $200,000 McDonald’s 3.7% 15/2/2042 167 0.01 $450,000 Merck & 4% 7/3/2049 434 0.02 $200,000 McDonald’s 3.8% 1/4/2028 174 0.01 $550,000 Merck & 4.15% 18/5/2043 531 0.02 $300,000 McDonald’s 4.2% 1/4/2050 273 0.01 $300,000 Mercury General 4.4% 244 0.01 $300,000 McDonald’s 4.45% 1/3/2047 279 0.01 15/3/2027 $200,000 McDonald’s 4.45% 1/9/2048 187 0.01 $300,000 Methodist Hospital/The 223 0.01 $200,000 McDonald’s 4.6% 26/5/2045 188 0.01 2.705% 1/12/2050 $300,000 McDonald’s 4.7% 9/12/2035 286 0.01 $300,000 MetLife 3.6% 10/4/2024 249 0.01 $600,000 McDonald’s 4.875% 584 0.02 $300,000 MetLife 3.6% 13/11/2025 256 0.01 9/12/2045 $400,000 MetLife 4.125% 13/8/2042 370 0.01 $100,000 McDonald’s 6.3% 110 0.00 $300,000 MetLife 4.368% 15/9/2023 250 0.01 15/10/2037 $500,000 MetLife 4.55% 23/3/2030 470 0.02 $250,000 McDonald’s 6.3% 1/3/2038 278 0.01 $500,000 MetLife 4.6% 13/5/2046 492 0.02 $550,000 McKesson 2.7% 15/12/2022 429 0.01 $100,000 MetLife 4.721% 15/12/2044 98 0.00 $500,000 McKesson 3.95% 16/2/2028 437 0.02 $250,000 MetLife 4.875% 13/11/2043 255 0.01 $300,000 McKesson 4.75% 30/5/2029 274 0.01 $300,000 MetLife 5.875% 6/2/2041 330 0.01 $300,000 Mead Johnson Nutrition 295 0.01 $300,000 MetLife 6.375% 15/6/2034 345 0.01 4.6% 1/6/2044

289 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 MetLife 6.4% 15/12/2066 282 0.01 $225,000 Microsoft 3.75% 12/2/2045 209 0.01 $300,000 MetLife 6.5% 15/12/2032 339 0.01 $502,000 Microsoft 3.95% 8/8/2056 496 0.02 $300,000 MetLife 9.25% 8/4/2068 337 0.01 $375,000 Microsoft 4% 12/2/2055 375 0.01 $150,000 MetLife 10.75% 1/8/2069 182 0.01 $570,000 Microsoft 4.1% 6/2/2037 548 0.02 $700,000 Metropolitan Edison 4.3% 616 0.02 $200,000 Microsoft 4.2% 3/11/2035 196 0.01 15/1/2029 $450,000 Microsoft 4.25% 6/2/2047 453 0.02 $400,000 Metropolitan Life Global 304 0.01 $450,000 Microsoft 4.45% 3/11/2045 469 0.02 Funding I 1.95% 15/9/2021 $300,000 Microsoft 4.5% 1/10/2040 303 0.01 $600,000 Metropolitan Life Global 464 0.02 $250,000 Microsoft 4.5% 6/2/2057 268 0.01 Funding I 1.95% 13/1/2023 $150,000 Microsoft 4.75% 3/11/2055 168 0.01 $600,000 Metropolitan Life Global 465 0.02 $125,000 Microsoft 5.3% 8/2/2041 141 0.00 Funding I 2.4% 17/6/2022 $300,000 Mid-America Apartments LP 241 0.01 $600,000 Metropolitan Life Global 465 0.02 2.75% 15/3/2030 Funding I 2.4% 17/6/2022 $500,000 Mid-America Apartments LP 424 0.01 $600,000 Metropolitan Life Global 504 0.02 4% 15/11/2025 Funding I 2.95% 9/4/2030 $900,000 MidAmerican Energy 3.1% 756 0.03 $200,000 Metropolitan Life Global 167 0.01 1/5/2027 Funding I 3% 19/9/2027 $200,000 MidAmerican Energy 3.15% 168 0.01 $500,000 Metropolitan Life Global 425 0.01 15/4/2050 Funding I 3.05% 17/6/2029 $300,000 MidAmerican Energy 3.95% 281 0.01 $500,000 Metropolitan Life Global 429 0.01 1/8/2047 Funding I 3.45% 18/12/2026 $300,000 MidAmerican Energy 4.25% 287 0.01 $800,000 Metropolitan Life Global 658 0.02 1/5/2046 Funding I 3.6% 11/1/2024 $300,000 MidAmerican Energy 4.25% 297 0.01 $500,000 Microchip Technology 402 0.01 15/7/2049 4.333% 1/6/2023 $500,000 Mid-Atlantic Interstate 423 0.01 $500,000 Micron Technology 4.64% 415 0.01 Transmission 4.1% 6/2/2024 15/5/2028 $400,000 Micron Technology 4.975% 348 0.01 $600,000 Midwest Connector Capital 451 0.02 6/2/2026 3.9% 1/4/2024 $400,000 Micron Technology 5.327% 357 0.01 $1,300,000 Mileage Plus / Mileage Plus 1,010 0.03 6/2/2029 Intellectual Property Assets $500,000 Microsoft 1.55% 8/8/2021 378 0.01 6.5% 20/6/2027 $450,000 Microsoft 2% 8/8/2023 352 0.01 $500,000 Minejesa Capital 4.625% 387 0.01 $350,000 Microsoft 2.375% 12/2/2022 269 0.01 10/8/2030 $600,000 Microsoft 2.375% 1/5/2023 472 0.02 $250,000 Minejesa Capital 5.625% 197 0.01 $750,000 Microsoft 2.4% 6/2/2022 576 0.02 10/8/2037 $2,000,000 Microsoft 2.4% 8/8/2026 1,633 0.06 $300,000 Minera Mexico de 4.5% 244 0.01 $1,980,000 Microsoft 2.525% 1/6/2050 1,553 0.05 26/1/2050 $500,000 Microsoft 2.65% 3/11/2022 392 0.01 $500,000 Mirae Asset Daewoo 389 0.01 $1,469,000 Microsoft 2.675% 1/6/2060 1,154 0.04 3.375% 7/5/2024 $500,000 Microsoft 2.7% 12/2/2025 408 0.01 $500,000 Mississippi Power 3.95% 427 0.01 30/3/2028 $1,000,000 Microsoft 2.875% 6/2/2024 806 0.03 $100,000 Mississippi Power 4.25% 89 0.00 $700,000 Microsoft 3.125% 3/11/2025 586 0.02 15/3/2042 $1,400,000 Microsoft 3.3% 6/2/2027 1,198 0.04 $500,000 Mitsubishi 2.5% 9/7/2024 394 0.01 $1,150,000 Microsoft 3.45% 8/8/2036 1,035 0.04 $500,000 Mitsubishi 3.375% 406 0.01 $500,000 Microsoft 3.5% 12/2/2035 461 0.02 23/7/2024 $700,000 Microsoft 3.625% 575 0.02 $400,000 Mitsubishi UFJ Financial 304 0.01 15/12/2023 2.048% 17/7/2030 $1,600,000 Microsoft 3.7% 8/8/2046 1,497 0.05

BlackRock Collective Investment Funds 290 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$571,000 Mitsubishi UFJ Financial 434 0.02 $300,000 Mitsubishi UFJ Lease & 242 0.01 2.19% 13/9/2021 Finance 3.96% 19/9/2023 $800,000 Mitsubishi UFJ Financial 629 0.02 $500,000 Mitsui Sumitomo Insurance 452 0.02 2.193% 25/2/2025 4.95% Perpetual 6/9/2168Ø $500,000 Mitsubishi UFJ Financial 393 0.01 $100,000 Mitsui Sumitomo Insurance 81 0.00 2.193% 25/2/2025 7% 15/3/2072 $500,000 Mitsubishi UFJ Financial 394 0.01 $500,000 Mizuho Bank 3.2% 410 0.01 2.527% 13/9/2023 26/3/2025 $350,000 Mitsubishi UFJ Financial 278 0.01 $1,400,000 Mizuho Financial 1.241% 1,058 0.04 2.559% 25/2/2030 10/7/2024 $800,000 Mitsubishi UFJ Financial 636 0.02 $300,000 Mizuho Financial 2.201% 229 0.01 2.559% 25/2/2030 10/7/2031 $800,000 Mitsubishi UFJ Financial 622 0.02 $800,000 Mizuho Financial 2.226% 624 0.02 2.623% 18/7/2022 25/5/2026 $700,000 Mitsubishi UFJ Financial 544 0.02 $200,000 Mizuho Financial 2.273% 152 0.01 2.665% 25/7/2022 13/9/2021 $288,000 Mitsubishi UFJ Financial 218 0.01 $500,000 Mizuho Financial 2.591% 395 0.01 2.95% 1/3/2021 25/5/2031 $500,000 Mitsubishi UFJ Financial 414 0.01 $1,000,000 Mizuho Financial 2.601% 778 0.03 3.195% 18/7/2029 11/9/2022 $400,000 Mitsubishi UFJ Financial 311 0.01 $500,000 Mizuho Financial 2.721% 387 0.01 3.218% 7/3/2022 16/7/2023 $350,000 Mitsubishi UFJ Financial 272 0.01 $325,000 Mizuho Financial 2.839% 266 0.01 3.218% 7/3/2022 13/9/2026 $300,000 Mitsubishi UFJ Financial 251 0.01 $400,000 Mizuho Financial 2.953% 310 0.01 3.287% 25/7/2027 28/2/2022 $1,000,000 Mitsubishi UFJ Financial 813 0.03 $500,000 Mizuho Financial 3.153% 411 0.01 3.407% 7/3/2024 16/7/2030 $600,000 Mitsubishi UFJ Financial 479 0.02 $600,000 Mizuho Financial 3.17% 498 0.02 3.455% 2/3/2023 11/9/2027 $300,000 Mitsubishi UFJ Financial 255 0.01 $250,000 Mizuho Financial 3.477% 209 0.01 3.677% 22/2/2027 12/4/2026 $350,000 Mitsubishi UFJ Financial 302 0.01 $500,000 Mizuho Financial 3.663% 421 0.01 3.741% 7/3/2029 28/2/2027Ø $500,000 Mitsubishi UFJ Financial 437 0.02 $550,000 Mizuho Financial Cayman 434 0.02 3.751% 18/7/2039 2 4.2% 18/7/2022 $300,000 Mitsubishi UFJ Financial 244 0.01 $500,000 Mizuho Financial Cayman 411 0.01 3.761% 26/7/2023 3 4.6% 27/3/2024 $450,000 Mitsubishi UFJ Financial 377 0.01 $300,000 MMC Norilsk Nickel OJSC 235 0.01 3.777% 2/3/2025 Via MMC Finance DAC 4.1% $750,000 Mitsubishi UFJ Financial 647 0.02 11/4/2023 3.85% 1/3/2026 $250,000 MMC Norilsk Nickel OJSC 188 0.01 $500,000 Mitsubishi UFJ Financial 435 0.02 Via MMC Finance DAC 3.961% 2/3/2028 5.55% 28/10/2020 $700,000 Mitsubishi UFJ Financial 617 0.02 $200,000 MMC Norilsk Nickel OJSC 163 0.01 4.05% 11/9/2028 Via MMC Finance DAC $200,000 Mitsubishi UFJ Financial 183 0.01 6.625% 14/10/2022 4.153% 7/3/2039 $500,000 Molex Electronic 388 0.01 $500,000 Mitsubishi UFJ Lease & 374 0.01 Technologies 3.9% Finance 2.75% 21/10/2020 15/4/2025

291 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$600,000 Molson Coors Beverage 3% 479 0.02 $1,000,000 Morgan Stanley 3.7% 834 0.03 15/7/2026 23/10/2024 $150,000 Molson Coors Beverage 117 0.00 $1,500,000 Morgan Stanley 3.737% 1,211 0.04 3.5% 1/5/2022 24/4/2024 $400,000 Molson Coors Beverage 310 0.01 $750,000 Morgan Stanley 3.75% 605 0.02 4.2% 15/7/2046 25/2/2023 $550,000 Molson Coors Beverage 5% 465 0.02 $900,000 Morgan Stanley 3.772% 773 0.03 1/5/2042 24/1/2029 $300,000 Mondelez International 233 0.01 $900,000 Morgan Stanley 3.875% 748 0.03 2.125% 13/4/2023 29/4/2024 $500,000 Mondelez International 409 0.01 $1,800,000 Morgan Stanley 3.875% 1,542 0.05 2.75% 13/4/2030 27/1/2026 $500,000 Mondelez International 402 0.01 $500,000 Morgan Stanley 3.95% 424 0.01 3.625% 7/5/2023 23/4/2027 $200,000 Mondelez International 171 0.01 $400,000 Morgan Stanley 3.971% 361 0.01 3.625% 13/2/2026 22/7/2038 $200,000 Mondelez International 179 0.01 $600,000 Morgan Stanley 4% 513 0.02 4.125% 7/5/2028 23/7/2025 $100,000 Mondelez International 105 0.00 $400,000 Morgan Stanley 4.1% 325 0.01 6.5% 9/2/2040 22/5/2023 $600,000 Mondelez International 463 0.02 $500,000 Morgan Stanley 4.3% 487 0.02 Netherlands 2.125% 27/1/2045 19/9/2022 $500,000 Morgan Stanley 4.35% 436 0.02 $200,000 Monongahela Power 5.4% 208 0.01 8/9/2026 15/12/2043 $700,000 Morgan Stanley 4.375% 697 0.02 $300,000 Montefiore Obligated 259 0.01 22/1/2047 5.246% 1/11/2048 $750,000 Morgan Stanley 4.431% 677 0.02 $400,000 Moody’s 2.55% 18/8/2060 279 0.01 23/1/2030 $250,000 Moody’s 2.75% 15/12/2021 192 0.01 $750,000 Morgan Stanley 4.457% 710 0.02 $500,000 Moody’s 3.75% 24/3/2025 422 0.01 22/4/2039 $400,000 Moody’s 4.875% 15/2/2024 338 0.01 $750,000 Morgan Stanley 4.875% 610 0.02 $300,000 Moody’s 4.875% 17/12/2048 300 0.01 1/11/2022 $1,500,000 Morgan Stanley 2.188% 1,180 0.04 $1,000,000 Morgan Stanley 5% 879 0.03 28/4/2026 24/11/2025 $1,400,000 Morgan Stanley 2.699% 1,128 0.04 $700,000 Morgan Stanley 5.597% 806 0.03 22/1/2031 24/3/2051 $600,000 Morgan Stanley 2.72% 480 0.02 $800,000 Morgan Stanley 6.25% 770 0.03 22/7/2025 9/8/2026 $750,000 Morgan Stanley 2.75% 582 0.02 $750,000 Morgan Stanley 6.375% 888 0.03 19/5/2022 24/7/2042 $800,000 Morgan Stanley 3.125% 634 0.02 $300,000 Morgan Stanley 7.25% 343 0.01 23/1/2023 1/4/2032 $425,000 Morgan Stanley 3.125% 354 0.01 $600,000 Mosaic 4.25% 15/11/2023 486 0.02 27/7/2026 $400,000 Mosaic 5.45% 15/11/2033 344 0.01 $1,550,000 Morgan Stanley 3.591% 1,311 0.05 $300,000 Mosaic 5.625% 15/11/2043 258 0.01 22/7/2028 $500,000 Motorola Solutions 3.75% 394 0.01 $1,000,000 Morgan Stanley 3.622% 868 0.03 15/5/2022 1/4/2031 $500,000 Motorola Solutions 4.6% 438 0.02 $1,050,000 Morgan Stanley 3.625% 896 0.03 23/5/2029 20/1/2027 $200,000 Motorola Solutions 5.5% 174 0.01 1/9/2044

BlackRock Collective Investment Funds 292 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 Mount Sinai Hospitals 250 0.01 $500,000 National Australia Bank 408 0.01 3.737% 1/7/2049 Ltd/New York 2.5% $500,000 MPLX LP 1.75% 1/3/2026 374 0.01 12/7/2026 $500,000 MPLX LP 2.65% 15/8/2030 371 0.01 $600,000 National Bank of Canada 464 0.02 $700,000 MPLX LP 3.375% 15/3/2023 551 0.02 2.1% 1/2/2023 $400,000 MPLX LP 4% 15/3/2028 329 0.01 $250,000 National Fuel Gas 5.2% 206 0.01 15/7/2025 $700,000 MPLX LP 4.125% 1/3/2027 579 0.02 $500,000 National Fuel Gas 5.5% 409 0.01 $300,000 MPLX LP 4.25% 1/12/2027 250 0.01 15/1/2026 $500,000 MPLX LP 4.5% 15/7/2023 404 0.01 $200,000 National Oilwell Varco 3.6% 147 0.01 $500,000 MPLX LP 4.5% 15/4/2038 397 0.01 1/12/2029 $500,000 MPLX LP 4.7% 15/4/2048 402 0.01 $250,000 National Oilwell Varco 168 0.01 $400,000 MPLX LP 4.8% 15/2/2029 346 0.01 3.95% 1/12/2042 $500,000 MPLX LP 4.875% 1/6/2025 427 0.01 $200,000 National Retail Properties 132 0.00 $500,000 MPLX LP 5.2% 1/3/2047 424 0.01 3.1% 15/4/2050 $300,000 MPLX LP 5.25% 15/1/2025 234 0.01 $350,000 National Retail Properties 275 0.01 $600,000 MPLX LP 5.5% 15/2/2049 532 0.02 3.3% 15/4/2023 $240,000 MUFG Americas 3% 193 0.01 $300,000 National Retail Properties 238 0.01 10/2/2025 3.5% 15/10/2027 $500,000 MUFG Bank 3.25% 8/9/2024 408 0.01 $200,000 National Retail Properties 173 0.01 $500,000 MUFG Bank 3.75% 411 0.01 4.8% 15/10/2048 10/3/2024 $400,000 National Rural Utilities 310 0.01 $500,000 MUFG Union Bank NA 2.1% 386 0.01 Cooperative Finance 2.3% 9/12/2022 15/9/2022 $100,000 Mylan 3.125% 15/1/2023 79 0.00 $500,000 National Rural Utilities 385 0.01 $1,000,000 Mylan 3.95% 15/6/2026 846 0.03 Cooperative Finance 2.4% $200,000 Mylan 4.55% 15/4/2028 175 0.01 25/4/2022 $250,000 Mylan 5.2% 15/4/2048 236 0.01 $150,000 National Rural Utilities 122 0.00 Cooperative Finance 2.4% $350,000 Mylan 5.25% 15/6/2046 328 0.01 15/3/2030 $300,000 Mylan 5.4% 29/11/2043 287 0.01 $300,000 National Rural Utilities 245 0.01 $500,000 Nan Fung Treasury 3.625% 375 0.01 Cooperative Finance 2.85% 27/8/2030 27/1/2025 $400,000 Nan Fung Treasury 3.875% 308 0.01 $300,000 National Rural Utilities 241 0.01 3/10/2027 Cooperative Finance 2.95% $600,000 Narragansett Electric 514 0.02 7/2/2024 3.395% 9/4/2030 $300,000 National Rural Utilities 261 0.01 $200,000 Nasdaq 3.25% 28/4/2050 160 0.01 Cooperative Finance 3.4% $500,000 Nasdaq 3.85% 30/6/2026 430 0.01 7/2/2028 $1,000,000 National Clearing 1.2% 761 0.03 $400,000 National Rural Utilities 388 0.01 23/4/2023 Cooperative Finance 4.3% $800,000 National Australia Bank 596 0.02 15/3/2049 2.332% 21/8/2030 $150,000 National Rural Utilities 179 0.01 $500,000 National Australia Bank 427 0.01 Cooperative Finance 8% 3.5% 10/1/2027 1/3/2032 $500,000 National Australia Bank 416 0.01 $400,000 Nationwide Building Society 299 0.01 3.933% 2/8/2034 1% 28/8/2025 $1,500,000 National Australia Bank 1,163 0.04 $800,000 Nationwide Building Society 618 0.02 Ltd/New York 2.5% 2% 27/1/2023 22/5/2022 $500,000 Nationwide Building Society 398 0.01 3.766% 8/3/2024

293 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 Nationwide Building Society 318 0.01 $400,000 Nestle 3.125% 22/3/2023 319 0.01 3.766% 8/3/2024 $750,000 Nestle 3.35% 24/9/2023 609 0.02 $400,000 Nationwide Building Society 339 0.01 $300,000 Nestle 3.625% 24/9/2028 262 0.01 3.9% 21/7/2025 $200,000 Nestle 3.9% 24/9/2038 189 0.01 $200,000 Nationwide Building Society 172 0.01 $900,000 Nestle 4% 24/9/2048 887 0.03 3.96% 18/7/2030 $300,000 NetApp 1.875% 22/6/2025 233 0.01 $400,000 Nationwide Building Society 329 0.01 $300,000 NetApp 2.7% 22/6/2030 235 0.01 4% 14/9/2026 $150,000 Neuberger Berman / 122 0.00 $300,000 Nationwide Building Society 245 0.01 Neuberger Berman Finance 4.125% 18/10/2032 4.875% 15/4/2045 $250,000 Nationwide Building Society 204 0.01 $500,000 Nevada Power 2.4% 402 0.01 4.363% 1/8/2024 1/5/2030 $200,000 Nationwide Financial 154 0.01 $100,000 Nevada Power 3.125% 82 0.00 Services 3.9% 30/11/2049 1/8/2050 $300,000 Nationwide Financial 254 0.01 $700,000 Nevada Power 3.7% 615 0.02 Services 5.3% 18/11/2044 1/5/2029 $650,000 Nationwide Mutual 535 0.02 $200,000 Nevada Power 6.75% 228 0.01 Insurance 4.35% 30/4/2050 1/7/2037 $200,000 Nationwide Mutual 159 0.01 $150,000 New England Power 3.8% 132 0.00 Insurance 4.95% 22/4/2044 5/12/2047 $150,000 Nationwide Mutual 159 0.01 $500,000 New York and Presbyterian 366 0.01 Insurance 8.25% 1/12/2031 Hospital/The 2.256% $250,000 Nationwide Mutual 306 0.01 1/8/2040 Insurance 9.375% $200,000 New York and Presbyterian 173 0.01 15/8/2039 Hospital/The 3.954% $1,000,000 Natwest 2.359% 22/5/2024 772 0.03 1/8/2119 $400,000 Natwest 3.032% 28/11/2035 297 0.01 $250,000 New York and Presbyterian 245 0.01 $1,000,000 Natwest 3.073% 22/5/2028 800 0.03 Hospital/The 4.063% $500,000 Natwest 3.498% 15/5/2023 390 0.01 1/8/2056 $500,000 Natwest 3.754% 1/11/2029 394 0.01 $1,000,000 New York Life Global 761 0.03 $500,000 Natwest 3.875% 12/9/2023 405 0.01 Funding 1.1% 5/5/2023 $500,000 Natwest 4.269% 22/3/2025 411 0.01 $100,000 New York Life Global 81 0.00 $1,000,000 Natwest 4.519% 25/6/2024 815 0.03 Funding 2.35% 14/7/2026 $500,000 Natwest 4.8% 5/4/2026 440 0.02 $200,000 New York Life Global 161 0.01 Funding 2.875% 10/4/2024 $500,000 Natwest 4.892% 18/5/2029 445 0.02 $500,000 New York Life Global 402 0.01 $500,000 Natwest 5.076% 27/1/2030 455 0.02 Funding 2.9% 17/1/2024 $1,000,000 Natwest 5.125% 28/5/2024Ø 827 0.03 $300,000 New York Life Global 251 0.01 $800,000 Natwest 6% 19/12/2023 674 0.02 Funding 3% 10/1/2028 $500,000 NatWest Markets 3.625% 394 0.01 $500,000 New York Life Insurance 425 0.01 29/9/2022 3.75% 15/5/2050 $250,000 NBCUniversal Media 198 0.01 $450,000 New York Life Insurance 420 0.01 2.875% 15/1/2023Ø 4.45% 15/5/2069 $250,000 NBCUniversal Media 4.45% 236 0.01 $100,000 New York Life Insurance 103 0.00 15/1/2043 5.875% 15/5/2033 $250,000 NBCUniversal Media 5.95% 278 0.01 $200,000 New York Life Insurance 230 0.01 1/4/2041 6.75% 15/11/2039 $200,000 NBCUniversal Media 6.4% 229 0.01 $300,000 Newcrest Finance Pty 4.2% 266 0.01 30/4/2040 13/5/2050 $300,000 Nestle 2.25% 10/5/2022Ø 231 0.01 $200,000 Newcrest Finance Pty 204 0.01 $250,000 Nestle 3.1% 24/9/2021 192 0.01 5.75% 15/11/2041

BlackRock Collective Investment Funds 294 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Newfield Exploration 380 0.01 $300,000 Nippon Life Insurance 4% 248 0.01 5.625% 1/7/2024 19/9/2047 $450,000 Newmont 2.25% 1/10/2030 351 0.01 $400,000 Nippon Life Insurance 4.7% 338 0.01 $500,000 Newmont 2.8% 1/10/2029 406 0.01 20/1/2046 $92,000 Newmont 3.7% 15/3/2023 72 0.00 $200,000 Nippon Life Insurance 5% 159 0.01 $400,000 Newmont 4.875% 15/3/2042 404 0.01 18/10/2042 $100,000 Newmont 5.45% 9/6/2044 105 0.00 $500,000 Nippon Life Insurance 5.1% 419 0.01 16/10/2044 $250,000 Newmont 6.25% 1/10/2039 274 0.01 $500,000 NiSource 2.95% 1/9/2029 410 0.01 $700,000 NextEra Energy Capital 548 0.02 2.25% 1/6/2030 $200,000 NiSource 3.49% 15/5/2027 169 0.01 $600,000 NextEra Energy Capital 458 0.02 $1,000,000 NiSource 3.6% 1/5/2030 862 0.03 2.403% 1/9/2021 $300,000 NiSource 4.375% 15/5/2047 279 0.01 $400,000 NextEra Energy Capital 324 0.01 $200,000 NiSource 5.25% 15/2/2043 200 0.01 2.75% 1/5/2025 $600,000 NiSource 5.65% 1/2/2045 619 0.02 $400,000 NextEra Energy Capital 327 0.01 $750,000 Nissan Motor Acceptance 564 0.02 2.75% 1/11/2029 2.6% 28/9/2022 $300,000 NextEra Energy Capital 236 0.01 $500,000 Noble Energy 3.9% 414 0.01 2.8% 15/1/2023 15/11/2024 $600,000 NextEra Energy Capital 466 0.02 $350,000 Noble Energy 4.2% 318 0.01 2.9% 1/4/2022 15/10/2049 $500,000 NextEra Energy Capital 405 0.01 $350,000 Noble Energy 5.05% 341 0.01 3.15% 1/4/2024 15/11/2044 $500,000 NextEra Energy Capital 420 0.01 $250,000 Noble Energy 5.25% 249 0.01 3.25% 1/4/2026 15/11/2043 $400,000 NextEra Energy Capital 343 0.01 $300,000 Noble Energy 6% 1/3/2041 310 0.01 3.5% 1/4/2029 $500,000 Nomura 1.851% 16/7/2025 381 0.01 $250,000 NextEra Energy Capital 201 0.01 $500,000 Nomura 2.648% 16/1/2025 394 0.01 4.8% 1/12/2077 $500,000 Nomura 2.679% 16/7/2030 388 0.01 $600,000 NGPL PipeCo 4.875% 491 0.02 $400,000 Nomura 3.103% 16/1/2030 320 0.01 15/8/2027 $1,000,000 Nordea Bank 0.75% 745 0.03 $300,000 Niagara Mohawk Power 234 0.01 28/8/2025 2.721% 28/11/2022 $400,000 Nordea Bank 4.625% 341 0.01 $500,000 Niagara Mohawk Power 399 0.01 13/9/2033 3.025% 27/6/2050 $200,000 Nordea Bank 4.875% 152 0.01 $100,000 Niagara Mohawk Power 91 0.00 14/1/2021 4.119% 28/11/2042 $250,000 Nordea Bank 4.875% 192 0.01 $200,000 Niagara Mohawk Power 178 0.01 13/5/2021 4.278% 15/12/2028 $500,000 Nordstrom 4.375% 1/4/2030 302 0.01 $200,000 Niagara Mohawk Power 185 0.01 $250,000 Nordstrom 5% 15/1/2044 131 0.00 4.278% 1/10/2034 $300,000 Norfolk Southern 2.903% 236 0.01 $400,000 Nike 3.375% 27/3/2050 344 0.01 15/2/2023 $250,000 NIKE 2.25% 1/5/2023 196 0.01 $300,000 Norfolk Southern 3.05% 238 0.01 $500,000 NIKE 2.4% 27/3/2025 403 0.01 15/5/2050 $1,000,000 NIKE 2.85% 27/3/2030 835 0.03 $206,000 Norfolk Southern 3.155% 162 0.01 $300,000 NIKE 3.25% 27/3/2040 252 0.01 15/5/2055 $250,000 NIKE 3.375% 1/11/2046 215 0.01 $250,000 Norfolk Southern 3.4% 208 0.01 $400,000 NIKE 3.875% 1/11/2045 363 0.01 1/11/2049 $500,000 Nippon Life Insurance 3.4% 401 0.01 $1,400,000 Norfolk Southern 3.8% 1,239 0.04 23/1/2050 1/8/2028

295 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 Norfolk Southern 3.85% 164 0.01 $700,000 Northrop Grumman 4.03% 639 0.02 15/1/2024 15/10/2047 $270,000 Norfolk Southern 3.942% 242 0.01 $500,000 Northrop Grumman 4.4% 462 0.02 1/11/2047 1/5/2030 $186,000 Norfolk Southern 4.05% 168 0.01 $400,000 Northrop Grumman 4.75% 388 0.01 15/8/2052 1/6/2043 $200,000 Norfolk Southern 4.1% 188 0.01 $400,000 Northrop Grumman 5.15% 405 0.01 15/5/2049 1/5/2040 $250,000 Norfolk Southern 4.15% 233 0.01 $500,000 Northrop Grumman 5.25% 537 0.02 28/2/2048 1/5/2050 $250,000 Norfolk Southern 4.65% 244 0.01 $200,000 Northwell Healthcare 166 0.01 15/1/2046 3.809% 1/11/2049 $113,000 Norfolk Southern 4.8% 105 0.00 $400,000 Northwell Healthcare 4.26% 352 0.01 15/8/2043 1/11/2047 $111,000 Norfolk Southern 4.837% 109 0.00 $500,000 Northwest Pipeline 4% 416 0.01 1/10/2041 1/4/2027 $150,000 Norfolk Southern 5.1% 145 0.01 $568,000 Northwestern Mutual Life 468 0.02 1/8/2118 Insurance 3.625% $150,000 Norfolk Southern 5.59% 134 0.00 30/9/2059 17/5/2025 $500,000 Northwestern Mutual Life 427 0.01 $200,000 Northern Natural Gas 4.3% 177 0.01 Insurance 3.85% 30/9/2047 15/1/2049 $150,000 Northwestern University 141 0.00 $500,000 Northern States Power 383 0.01 3.662% 1/12/2057 Co/MN 2.15% 15/8/2022 $500,000 Novartis Capital 1.75% 391 0.01 $200,000 Northern States Power 152 0.01 14/2/2025 Co/MN 2.6% 1/6/2051 $800,000 Novartis Capital 2% 635 0.02 $400,000 Northern States Power 321 0.01 14/2/2027 Co/MN 2.9% 1/3/2050 $800,000 Novartis Capital 2.2% 642 0.02 $250,000 Northern States Power 213 0.01 14/8/2030 Co/MN 3.4% 15/8/2042 $300,000 Novartis Capital 2.4% 232 0.01 $300,000 Northern States Power 269 0.01 17/5/2022 Co/MN 3.6% 15/5/2046 $500,000 Novartis Capital 2.4% 389 0.01 $200,000 Northern States Power 178 0.01 21/9/2022 Co/MN 3.6% 15/9/2047 $400,000 Novartis Capital 2.75% 318 0.01 $200,000 Northern States Power 189 0.01 14/8/2050 Co/MN 4% 15/8/2045 $400,000 Novartis Capital 3% 332 0.01 $500,000 Northern Trust 1.95% 391 0.01 20/11/2025 1/5/2030 $250,000 Novartis Capital 3.1% 210 0.01 $600,000 Northern Trust 3.15% 514 0.02 17/5/2027 3/5/2029 $500,000 Novartis Capital 3.4% 413 0.01 $300,000 Northern Trust 3.375% 243 0.01 6/5/2024 8/5/2032 $250,000 Novartis Capital 3.7% 227 0.01 $150,000 Northern Trust 3.45% 113 0.00 21/9/2042 4/11/2020 $200,000 Novartis Capital 4% 190 0.01 $500,000 Northrop Grumman 3.2% 422 0.01 20/11/2045 1/2/2027 $550,000 Novartis Capital 4.4% 548 0.02 $700,000 Northrop Grumman 3.25% 567 0.02 6/5/2044 1/8/2023 $200,000 Novolipetsk Steel Via Steel 159 0.01 $750,000 Northrop Grumman 3.25% 634 0.02 Funding DAC 4.5% 15/1/2028 15/6/2023

BlackRock Collective Investment Funds 296 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 NRG Energy 3.75% 401 0.01 $500,000 Oaktree Specialty Lending 376 0.01 15/6/2024 3.5% 25/2/2025 $250,000 NSTAR Electric 2.375% 194 0.01 $250,000 Office Properties Income 189 0.01 15/10/2022 Trust 4.5% 1/2/2025 $350,000 NSTAR Electric 3.2% 295 0.01 $200,000 Oglethorpe Power 5.05% 178 0.01 15/5/2027 1/10/2048 $500,000 NSTAR Electric 3.95% 453 0.02 $150,000 Oglethorpe Power 5.375% 135 0.00 1/4/2030 1/11/2040 $500,000 Nucor 3.95% 1/5/2028 436 0.02 $300,000 Oglethorpe Power 5.95% 293 0.01 $150,000 Nucor 4.125% 15/9/2022 120 0.00 1/11/2039 $300,000 Nucor 4.4% 1/5/2048 286 0.01 $200,000 Ohio National Financial 144 0.01 $300,000 Nucor 5.2% 1/8/2043 294 0.01 Services 5.55% 24/1/2030 $500,000 Nutrien 3.15% 1/10/2022 391 0.01 $300,000 Ohio Power 4% 1/6/2049 274 0.01 $500,000 Nutrien 3.625% 15/3/2024 408 0.01 $500,000 Oklahoma Gas and Electric 419 0.01 3.25% 1/4/2030 $300,000 Nutrien 3.95% 13/5/2050 260 0.01 $100,000 Oklahoma Gas and Electric 86 0.00 $100,000 Nutrien 4% 15/12/2026 86 0.00 3.8% 15/8/2028 $200,000 Nutrien 4.125% 15/3/2035 173 0.01 $300,000 Oklahoma Gas and Electric 266 0.01 $250,000 Nutrien 4.9% 1/6/2043 232 0.01 4.15% 1/4/2047 $300,000 Nutrien 5% 1/4/2049 293 0.01 $200,000 Old Republic International 166 0.01 $200,000 Nutrien 5.25% 15/1/2045 188 0.01 3.875% 26/8/2026 $200,000 Nutrien 5.625% 1/12/2040 191 0.01 $500,000 Omega Healthcare 376 0.01 $100,000 Nutrien 5.875% 1/12/2036 92 0.00 Investors 3.625% 1/10/2029 $100,000 Nutrien 6.125% 15/1/2041 99 0.00 $400,000 Omega Healthcare 319 0.01 $700,000 Nuveen Finance 4.125% 593 0.02 Investors 4.95% 1/4/2024 1/11/2024 $300,000 Omega Healthcare 246 0.01 $400,000 nVent Finance Sarl 3.95% 315 0.01 Investors 5.25% 15/1/2026 15/4/2023 $500,000 Omnicom 2.45% 30/4/2030 386 0.01 $475,000 NVIDIA 2.2% 16/9/2021 361 0.01 $450,000 Omnicom / Omnicom 379 0.01 $800,000 NVIDIA 2.85% 1/4/2030 666 0.02 Capital 3.6% 15/4/2026 $150,000 NVIDIA 3.2% 16/9/2026 127 0.00 $200,000 Omnicom / Omnicom 157 0.01 $300,000 NVIDIA 3.5% 1/4/2040 258 0.01 Capital 3.625% 1/5/2022 $600,000 NVIDIA 3.5% 1/4/2050 507 0.02 $300,000 Oncor Electric Delivery 247 0.01 $250,000 NVIDIA 3.7% 1/4/2060 219 0.01 3.1% 15/9/2049 $600,000 NVR 3% 15/5/2030 486 0.02 $400,000 Oncor Electric Delivery 352 0.01 $500,000 NXP / NXP Funding 4.625% 410 0.01 3.7% 15/11/2028 1/6/2023 $500,000 Oncor Electric Delivery 440 0.02 $600,000 NXP / NXP Funding 4.875% 504 0.02 3.7% 15/11/2028 1/3/2024 $300,000 Oncor Electric Delivery 273 0.01 $400,000 NXP / NXP Funding 5.55% 375 0.01 3.7% 15/5/2050 1/12/2028 $300,000 Oncor Electric Delivery 272 0.01 $500,000 NXP / NXP Funding / NXP 398 0.01 3.8% 30/9/2047 USA 2.7% 1/5/2025 $300,000 Oncor Electric Delivery 277 0.01 $600,000 NXP / NXP Funding / NXP 497 0.02 3.8% 1/6/2049 USA 3.4% 1/5/2030 $250,000 Oncor Electric Delivery 261 0.01 $200,000 NXP / NXP Funding / NXP 168 0.01 5.25% 30/9/2040 USA 3.875% 18/6/2026 $250,000 Oncor Electric Delivery 7% 211 0.01 $500,000 NY Society for Relief of 352 0.01 1/9/2022 Ruptured & Crippled $150,000 Oncor Electric Delivery 191 0.01 Maintaining Hosp Special 7.5% 1/9/2038 Surgery 2.667% 1/10/2050 $300,000 ONE Gas 3.61% 1/2/2024 245 0.01

297 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 ONE Gas 4.5% 1/11/2048 195 0.01 $450,000 Orange 5.375% 13/1/2042 477 0.02 $500,000 ONEOK 3.1% 15/3/2030 357 0.01 $100,000 Orange 5.5% 6/2/2044Ø 110 0.00 $200,000 ONEOK 3.4% 1/9/2029 147 0.01 $750,000 Orange 9% 1/3/2031 919 0.03 $200,000 ONEOK 3.4% 1/9/2029 147 0.01 $300,000 Orbia Advance 4% 240 0.01 $500,000 ONEOK 4% 13/7/2027 390 0.01 4/10/2027 $450,000 ONEOK 4.35% 15/3/2029 352 0.01 $250,000 Orbia Advance 4.875% 197 0.01 $400,000 ONEOK 4.45% 1/9/2049 270 0.01 19/9/2022 $400,000 ONEOK 4.95% 13/7/2047 290 0.01 $200,000 Orbia Advance 5.5% 168 0.01 15/1/2048 $150,000 ONEOK 5.2% 15/7/2048 110 0.00 $250,000 Orbia Advance 5.875% 218 0.01 $500,000 ONEOK 6.35% 15/1/2031 441 0.02 17/9/2044Ø $200,000 ONEOK 7.15% 15/1/2051 181 0.01 $500,000 O’Reilly Automotive 3.6% 429 0.01 $300,000 ONEOK Partners LP 3.375% 233 0.01 1/9/2027 1/10/2022 $300,000 O’Reilly Automotive 3.85% 241 0.01 $500,000 ONEOK Partners LP 5% 406 0.01 15/6/2023 15/9/2023 $250,000 O’Reilly Automotive 4.2% 225 0.01 $100,000 ONEOK Partners LP 6.2% 82 0.00 1/4/2030 15/9/2043 $225,000 ORIX 2.9% 18/7/2022 175 0.01 $150,000 ONEOK Partners LP 6.65% 129 0.00 $500,000 ORIX 3.2% 19/1/2022 385 0.01 1/10/2036 $500,000 Oshkosh 3.1% 1/3/2030 394 0.01 $150,000 ONEOK Partners LP 6.85% 128 0.00 15/10/2037 $800,000 Otis Worldwide 2.056% 631 0.02 5/4/2025 $1,300,000 Oracle 1.9% 15/9/2021 986 0.03 $500,000 Otis Worldwide 2.565% 399 0.01 $1,050,000 Oracle 2.4% 15/9/2023 829 0.03 15/2/2030 $800,000 Oracle 2.5% 15/5/2022 618 0.02 $300,000 Otis Worldwide 3.112% 240 0.01 $1,150,000 Oracle 2.5% 15/10/2022 898 0.03 15/2/2040 $1,000,000 Oracle 2.5% 1/4/2025 804 0.03 $300,000 Otis Worldwide 3.362% 246 0.01 $500,000 Oracle 2.625% 15/2/2023 393 0.01 15/2/2050 $750,000 Oracle 2.65% 15/7/2026 614 0.02 $500,000 Oversea-Chinese Banking 410 0.01 $1,100,000 Oracle 2.8% 1/4/2027 904 0.03 4.25% 19/6/2024Ø $700,000 Oracle 2.95% 15/11/2024 569 0.02 $600,000 Ovintiv 3.9% 15/11/2021 453 0.02 $500,000 Oracle 2.95% 15/11/2024 406 0.01 $300,000 Ovintiv 6.5% 15/8/2034 218 0.01 $600,000 Oracle 2.95% 15/5/2025 492 0.02 $250,000 Ovintiv 6.625% 15/8/2037 181 0.01 $1,800,000 Oracle 2.95% 1/4/2030 1,504 0.05 $500,000 Ovintiv 7.2% 1/11/2031 383 0.01 $700,000 Oracle 3.25% 15/11/2027 592 0.02 $500,000 Owens Corning 3.95% 422 0.01 $500,000 Oracle 3.4% 8/7/2024 411 0.01 15/8/2029 $2,300,000 Oracle 3.6% 1/4/2040 1,944 0.07 $400,000 Owens Corning 4.4% 328 0.01 $1,500,000 Oracle 3.6% 1/4/2050 1,246 0.04 30/1/2048 $500,000 Oracle 3.8% 15/11/2037 433 0.02 $29,000 Owens Corning 7% 29 0.00 $400,000 Oracle 3.85% 15/7/2036 352 0.01 1/12/2036 $1,300,000 Oracle 3.85% 1/4/2060 1,122 0.04 $200,000 Owl Rock Capital 3.75% 149 0.01 $300,000 Oracle 3.9% 15/5/2035 271 0.01 22/7/2025 $600,000 Oracle 4% 15/7/2046 528 0.02 $400,000 Owl Rock Capital 4% 301 0.01 30/3/2025 $600,000 Oracle 4% 15/11/2047 531 0.02 $300,000 PACCAR Financial 2.65% 233 0.01 $900,000 Oracle 4.125% 15/5/2045 801 0.03 10/5/2022 $400,000 Oracle 4.3% 8/7/2034 373 0.01 $400,000 Pacific Gas and Electric 290 0.01 $300,000 Oracle 4.375% 15/5/2055 282 0.01 2.1% 1/8/2027 $300,000 Oracle 4.5% 8/7/2044 278 0.01 $700,000 Pacific Gas and Electric 502 0.02 $400,000 Oracle 5.375% 15/7/2040 411 0.01 2.5% 1/2/2031 $400,000 Oracle 6.5% 15/4/2038 459 0.02

BlackRock Collective Investment Funds 298 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$1,100,000 Pacific Gas and Electric 850 0.03 $900,000 Park Aerospace 5.5% 663 0.02 3.15% 1/1/2026 15/2/2024 $400,000 Pacific Gas and Electric 309 0.01 $300,000 Parker-Hannifin 2.7% 240 0.01 3.3% 1/12/2027 14/6/2024 $600,000 Pacific Gas and Electric 419 0.01 $400,000 Parker-Hannifin 3.25% 338 0.01 3.3% 1/8/2040 14/6/2029 $300,000 Pacific Gas and Electric 209 0.01 $400,000 Parker-Hannifin 3.3% 328 0.01 3.3% 1/8/2040 21/11/2024 $1,000,000 Pacific Gas and Electric 783 0.03 $200,000 Parker-Hannifin 4% 182 0.01 3.45% 1/7/2025 14/6/2049 $600,000 Pacific Gas and Electric 417 0.01 $100,000 Parker-Hannifin 4% 91 0.00 3.5% 1/8/2050 14/6/2049 $1,000,000 Pacific Gas and Electric 797 0.03 $200,000 Parker-Hannifin 4.1% 181 0.01 4.25% 1/8/2023 1/3/2047 $600,000 Pacific Gas and Electric 467 0.02 $400,000 Parker-Hannifin 4.2% 367 0.01 4.5% 1/7/2040 21/11/2034 $1,000,000 Pacific Gas and Electric 826 0.03 $150,000 Partners Healthcare System 121 0.00 4.55% 1/7/2030 3.192% 1/7/2049 $800,000 Pacific Gas and Electric 630 0.02 $200,000 Partners Healthcare System 163 0.01 4.75% 15/2/2044 3.342% 1/7/2060 $1,400,000 Pacific Gas and Electric 1,152 0.04 $205,000 Partners Healthcare System 182 0.01 4.95% 1/7/2050 3.765% 1/7/2048 $400,000 Pacific Life Insurance 4.3% 314 0.01 $800,000 PayPal 1.65% 1/6/2025 622 0.02 24/10/2067 $500,000 PayPal 2.2% 26/9/2022 387 0.01 $200,000 Pacific LifeCorp 5.125% 173 0.01 $350,000 PayPal 2.3% 1/6/2030 278 0.01 30/1/2043 $500,000 PayPal 2.65% 1/10/2026 409 0.01 $300,000 Pacific National Finance Pty 235 0.01 $500,000 PayPal 2.85% 1/10/2029 414 0.01 4.75% 22/3/2028 $350,000 PayPal 3.25% 1/6/2050 295 0.01 $500,000 PacifiCorp 2.7% 15/9/2030 415 0.01 $300,000 PECO Energy 2.8% 237 0.01 $500,000 PacifiCorp 2.95% 1/6/2023 397 0.01 15/6/2050 $400,000 PacifiCorp 3.3% 15/3/2051 339 0.01 $300,000 PECO Energy 3% 15/9/2049 244 0.01 $400,000 PacifiCorp 4.1% 1/2/2042 368 0.01 $300,000 PECO Energy 3.9% 280 0.01 $350,000 PacifiCorp 4.125% 327 0.01 1/3/2048 15/1/2049 $400,000 Penske Truck Leasing Lp / 328 0.01 $400,000 PacifiCorp 4.15% 15/2/2050 378 0.01 PTL Finance 3.4% $250,000 PacifiCorp 5.75% 1/4/2037 265 0.01 15/11/2026 $50,000 PacifiCorp 6% 15/1/2039 55 0.00 $400,000 Penske Truck Leasing Lp / 324 0.01 $600,000 PacifiCorp 6.25% 662 0.02 PTL Finance 3.45% 15/10/2037 1/7/2024 $150,000 PacifiCorp 7.7% 15/11/2031 175 0.01 $400,000 Penske Truck Leasing Lp / 332 0.01 $500,000 Packaging of America 3% 409 0.01 PTL Finance 3.95% 15/12/2029 10/3/2025 $200,000 Packaging of America 180 0.01 $500,000 Penske Truck Leasing Lp / 420 0.01 4.05% 15/12/2049 PTL Finance 4% 15/7/2025 $400,000 Packaging of America 4.5% 330 0.01 $500,000 Penske Truck Leasing Lp / 403 0.01 1/11/2023 PTL Finance 4.25% 17/1/2023 $500,000 Panasonic 2.536% 385 0.01 19/7/2022 $550,000 Penske Truck Leasing Lp / 442 0.02 PTL Finance 4.875% $900,000 Park Aerospace 4.5% 642 0.02 11/7/2022 15/3/2023 $500,000 PepsiCo 0.75% 1/5/2023 378 0.01

299 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$600,000 PepsiCo 1.625% 1/5/2030 463 0.02 $400,000 Pfizer 3.9% 15/3/2039 371 0.01 $300,000 PepsiCo 1.7% 6/10/2021 227 0.01 $450,000 Pfizer 4% 15/12/2036 414 0.01 $500,000 PepsiCo 2.25% 2/5/2022 385 0.01 $200,000 Pfizer 4% 15/3/2049 190 0.01 $400,000 PepsiCo 2.375% 6/10/2026 327 0.01 $300,000 Pfizer 4% 15/3/2049 285 0.01 $500,000 PepsiCo 2.625% 19/3/2027 413 0.01 $500,000 Pfizer 4.1% 15/9/2038 470 0.02 $500,000 PepsiCo 2.625% 29/7/2029 415 0.01 $300,000 Pfizer 4.125% 15/12/2046 288 0.01 $250,000 PepsiCo 2.75% 5/3/2022 194 0.01 $300,000 Pfizer 4.2% 15/9/2048 295 0.01 $500,000 PepsiCo 2.75% 1/3/2023 396 0.01 $350,000 Pfizer 4.3% 15/6/2043 338 0.01 $350,000 PepsiCo 2.75% 30/4/2025 286 0.01 $300,000 Pfizer 4.4% 15/5/2044 299 0.01 $1,000,000 PepsiCo 2.75% 19/3/2030 838 0.03 $550,000 Pfizer 7.2% 15/3/2039 689 0.02 $400,000 PepsiCo 2.85% 24/2/2026 331 0.01 $500,000 Pharmacia 6.6% 1/12/2028 520 0.02 $400,000 PepsiCo 2.875% 15/10/2049 320 0.01 $500,000 Philip Morris International 388 0.01 $600,000 PepsiCo 3% 15/10/2027 508 0.02 2.1% 1/5/2030 $150,000 PepsiCo 3.125% 1/11/2020 113 0.00 $500,000 Philip Morris International 385 0.01 $300,000 PepsiCo 3.375% 29/7/2049 258 0.01 2.625% 18/2/2022 $650,000 PepsiCo 3.45% 6/10/2046 571 0.02 $500,000 Philip Morris International 411 0.01 2.75% 25/2/2026 $300,000 PepsiCo 3.6% 1/3/2024 246 0.01 $250,000 Philip Morris International 192 0.01 $200,000 PepsiCo 3.6% 13/8/2042 184 0.01 2.9% 15/11/2021 $500,000 PepsiCo 3.625% 19/3/2050 454 0.02 $1,000,000 Philip Morris International 837 0.03 $200,000 PepsiCo 3.875% 19/3/2060 191 0.01 3.125% 2/3/2028 $150,000 PepsiCo 4% 5/3/2042 142 0.01 $800,000 Philip Morris International 662 0.02 $250,000 PepsiCo 4% 2/5/2047 236 0.01 3.25% 10/11/2024 $450,000 PepsiCo 4.25% 22/10/2044 434 0.02 $500,000 Philip Morris International 426 0.01 $300,000 PepsiCo 4.45% 14/4/2046 299 0.01 3.375% 15/8/2029 $250,000 PepsiCo 4.6% 17/7/2045 258 0.01 $600,000 Philip Morris International 490 0.02 $400,000 PerkinElmer 3.3% 15/9/2029 332 0.01 3.6% 15/11/2023 $250,000 Pernod Ricard 4.45% 197 0.01 $150,000 Philip Morris International 129 0.00 15/1/2022 3.875% 21/8/2042 $150,000 Pernod Ricard 5.5% 154 0.01 $250,000 Philip Morris International 221 0.01 15/1/2042 4.125% 4/3/2043 $350,000 Perrigo Finance Unlimited 275 0.01 $400,000 Philip Morris International 365 0.01 3.15% 15/6/2030 4.25% 10/11/2044 $500,000 Perrigo Finance Unlimited 404 0.01 $200,000 Philip Morris International 184 0.01 3.9% 15/12/2024 4.375% 15/11/2041 $250,000 Perrigo Finance Unlimited 210 0.01 $300,000 Philip Morris International 275 0.01 4.375% 15/3/2026 4.5% 20/3/2042 $200,000 Perrigo Finance Unlimited 162 0.01 $300,000 Philip Morris International 291 0.01 4.9% 15/12/2044 4.875% 15/11/2043 $600,000 Pfizer 1.7% 28/5/2030 464 0.02 $250,000 Philip Morris International 281 0.01 $600,000 Pfizer 2.55% 28/5/2040 470 0.02 6.375% 16/5/2038 $800,000 Pfizer 2.625% 1/4/2030 667 0.02 $300,000 Phillips 66 2.15% 221 0.01 $300,000 Pfizer 2.7% 28/5/2050 234 0.01 15/12/2030 $400,000 Pfizer 2.75% 3/6/2026 333 0.01 $500,000 Phillips 66 3.7% 6/4/2023 402 0.01 $400,000 Pfizer 2.8% 11/3/2022 310 0.01 $500,000 Phillips 66 3.85% 9/4/2025 418 0.01 $700,000 Pfizer 2.95% 15/3/2024 567 0.02 $250,000 Phillips 66 3.9% 15/3/2028 211 0.01 $500,000 Pfizer 3% 15/6/2023 400 0.01 $1,000,000 Phillips 66 4.3% 1/4/2022 791 0.03 $700,000 Pfizer 3.45% 15/3/2029 613 0.02 $250,000 Phillips 66 4.65% 227 0.01 $1,000,000 Pfizer 3.6% 15/9/2028 882 0.03 15/11/2034 $200,000 Pfizer 3.9% 15/3/2039 185 0.01

BlackRock Collective Investment Funds 300 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Phillips 66 4.875% 455 0.02 $500,000 PNC Bank NA 2.55% 384 0.01 15/11/2044 9/12/2021‡ $400,000 Phillips 66 5.875% 1/5/2042 404 0.01 $500,000 PNC Bank NA 2.625% 385 0.01 ‡ $300,000 Phillips 66 Partners LP 226 0.01 17/2/2022 3.15% 15/12/2029 $500,000 PNC Bank NA 2.7% 391 0.01 ‡ $400,000 Phillips 66 Partners LP 314 0.01 1/11/2022 3.75% 1/3/2028 $300,000 PNC Bank NA 2.7% 243 0.01 ‡ $50,000 Phillips 66 Partners LP 39 0.00 22/10/2029 4.68% 15/2/2045 $500,000 PNC Bank NA 3.1% 425 0.01 ‡ $200,000 Phillips 66 Partners LP 4.9% 161 0.01 25/10/2027 1/10/2046 $800,000 PNC Bank NA 3.5% 645 0.02 $300,000 Phoenix 5.375% 6/7/2027 246 0.01 8/6/2023 $250,000 Physicians Realty LP 4.3% 198 0.01 $400,000 PNC Bank NA 4.05% 353 0.01 ‡ 15/3/2027 26/7/2028 $200,000 Piedmont Natural Gas 167 0.01 $300,000 PNC Bank NA 4.2% 261 0.01 ‡ 3.35% 1/6/2050 1/11/2025 $200,000 Piedmont Natural Gas 171 0.01 $500,000 PNC Financial Services 406 0.01 ‡ 3.64% 1/11/2046 2.55% 22/1/2030 $500,000 Pine Street Trust I 4.572% 430 0.01 $300,000 PNC Financial Services 246 0.01 ‡ 15/2/2029 2.6% 23/7/2026 $1,000,000 Pioneer Natural Resources 726 0.03 $500,000 PNC Financial Services 393 0.01 ‡ 1.9% 15/8/2030 2.854% 9/11/2022 $400,000 Plains All American Pipeline 306 0.01 $500,000 PNC Financial Services 421 0.01 ‡ LP / PAA Finance 2.85% 3.15% 19/5/2027 31/1/2023 $370,000 PNC Financial Services 321 0.01 ‡ $300,000 Plains All American Pipeline 223 0.01 3.45% 23/4/2029 LP / PAA Finance 3.55% $600,000 PNC Financial Services 491 0.02 15/12/2029 3.5% 23/1/2024‡ $250,000 Plains All American Pipeline 192 0.01 $750,000 Poly Real Estate Finance 605 0.02 LP / PAA Finance 3.65% 4.75% 17/9/2023 1/6/2022 $500,000 POSCO 2.375% 12/11/2022 383 0.01 $400,000 Plains All American Pipeline 301 0.01 $400,000 POSCO 2.75% 15/7/2024 313 0.01 LP / PAA Finance 3.8% $400,000 Potomac Electric Power 326 0.01 15/9/2030 3.6% 15/3/2024 $800,000 Plains All American Pipeline 650 0.02 $300,000 Powszechna Kasa 238 0.01 LP / PAA Finance 4.5% Oszczednosci Bank Polski 15/12/2026 Via PKO Finance 4.63% $250,000 Plains All American Pipeline 203 0.01 26/9/2022 LP / PAA Finance 4.65% $100,000 PPG Industries 2.8% 81 0.00 15/10/2025 15/8/2029 $450,000 Plains All American Pipeline 322 0.01 $500,000 PPG Industries 3.2% 397 0.01 LP / PAA Finance 4.9% 15/3/2023 15/2/2045 $300,000 PPL Capital Funding 3.1% 249 0.01 $200,000 Plains All American Pipeline 150 0.01 15/5/2026 LP / PAA Finance 5% $600,000 PPL Capital Funding 3.4% 478 0.02 1/2/2021 1/6/2023 $250,000 Plains All American Pipeline 183 0.01 $500,000 PPL Capital Funding 4% 438 0.02 LP / PAA Finance 5.15% 15/9/2047 1/6/2042 $500,000 PPL Capital Funding 442 0.02 $1,000,000 PNC Bank NA 2.45% 775 0.03 4.125% 15/4/2030 28/7/2022‡

301 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 PPL Capital Funding 4.7% 277 0.01 $500,000 Procter & Gamble 2.15% 387 0.01 1/6/2043 11/8/2022 $300,000 PPL Capital Funding 5% 287 0.01 $500,000 Procter & Gamble 2.45% 405 0.01 15/3/2044 25/3/2025 $250,000 PPL Electric Utilities 3% 190 0.01 $100,000 Procter & Gamble 2.7% 84 0.00 15/9/2021 2/2/2026 $300,000 PPL Electric Utilities 3.95% 276 0.01 $1,000,000 Procter & Gamble 3% 863 0.03 1/6/2047 25/3/2030 $200,000 PPL Electric Utilities 4.15% 193 0.01 $500,000 Procter & Gamble 3.1% 404 0.01 15/6/2048 15/8/2023 $350,000 PPL Electric Utilities 6.25% 388 0.01 $200,000 Procter & Gamble 3.5% 189 0.01 15/5/2039 25/10/2047 $250,000 Praxair 1.1% 10/8/2030 183 0.01 $350,000 Procter & Gamble 3.55% 320 0.01 $100,000 Praxair 2% 10/8/2050 69 0.00 25/3/2040 $500,000 Praxair 2.2% 15/8/2022 385 0.01 $500,000 Procter & Gamble 3.6% 474 0.02 $250,000 Praxair 3% 1/9/2021 192 0.01 25/3/2050 $200,000 Praxair 3.2% 30/1/2026 168 0.01 $400,000 Procter & Gamble 5.5% 424 0.01 1/2/2034 $250,000 Praxair 3.55% 7/11/2042 223 0.01 $200,000 Procter & Gamble 5.55% 227 0.01 $250,000 Praxair 4.05% 15/3/2021 191 0.01 5/3/2037 $500,000 Precision Castparts 2.5% 391 0.01 $200,000 Progress Energy 6% 210 0.01 15/1/2023 1/12/2039 $200,000 Precision Castparts 3.25% 167 0.01 $500,000 Progressive 3.2% 26/3/2030 430 0.01 15/6/2025 $300,000 Progressive 3.75% 232 0.01 $200,000 Precision Castparts 4.375% 187 0.01 23/8/2021 15/6/2045 $400,000 Progressive 3.95% 384 0.01 $150,000 President and Fellows of 115 0.00 26/3/2050 Harvard College 2.517% 15/10/2050 $400,000 Progressive 4% 1/3/2029 358 0.01 $300,000 President and Fellows of 255 0.01 $200,000 Progressive 4.2% 15/3/2048 198 0.01 Harvard College 3.15% $300,000 Progressive 4.35% 293 0.01 15/7/2046 25/4/2044 $300,000 President and Fellows of 276 0.01 $350,000 Prologis LP 1.25% 256 0.01 Harvard College 3.3% 15/10/2030 15/7/2056 $200,000 Prologis LP 2.125% 138 0.00 $100,000 President and Fellows of 105 0.00 15/10/2050 Harvard College 4.875% $500,000 Prologis LP 2.25% 398 0.01 15/10/2040 15/4/2030 $500,000 Pricoa Global Funding I 389 0.01 $250,000 Prologis LP 3% 15/4/2050 203 0.01 2.45% 21/9/2022 $500,000 Prologis LP 3.75% 428 0.01 $125,000 Principal Financial 3.1% 104 0.00 1/11/2025 15/11/2026 $200,000 Prologis LP 4.375% 183 0.01 $300,000 Principal Financial 3.3% 236 0.01 1/2/2029 15/9/2022 $400,000 Prosus 3.68% 21/1/2030 325 0.01 $500,000 Principal Financial 3.7% 435 0.02 $500,000 Prosus 4.027% 3/8/2050Ø 397 0.01 15/5/2029 $500,000 Prosus 4.85% 6/7/2027 431 0.01 $300,000 Principal Financial 4.3% 271 0.01 $300,000 Prosus 5.5% 21/7/2025 258 0.01 15/11/2046 $150,000 Protective Life 8.45% 171 0.01 $250,000 Principal Financial 4.625% 234 0.01 15/10/2039 15/9/2042 $500,000 Protective Life Global 389 0.01 $800,000 Principal Life Global 610 0.02 Funding 2.615% 22/8/2022 Funding II 1.25% 23/6/2025

BlackRock Collective Investment Funds 302 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 Providence St Joseph 269 0.01 $300,000 Public Service of Colorado 287 0.01 Health Obligated 3.93% 4.05% 15/9/2049 1/10/2048 $100,000 Public Service Electric and 82 0.00 $500,000 Prudential 3.125% 413 0.01 Gas 2.45% 15/1/2030 14/4/2030 $500,000 Public Service Electric and 414 0.01 $500,000 Prudential Financial 1.5% 390 0.01 Gas 3% 15/5/2027 10/3/2026 $100,000 Public Service Electric and 85 0.00 $650,000 Prudential Financial 2.1% 513 0.02 Gas 3.15% 1/1/2050 10/3/2030 $300,000 Public Service Electric and 252 0.01 $450,000 Prudential Financial 3% 358 0.01 Gas 3.2% 1/8/2049 10/3/2040 $500,000 Public Service Electric and 403 0.01 $1,000,000 Prudential Financial 3.5% 831 0.03 Gas 3.25% 1/9/2023 15/5/2024 $200,000 Public Service Electric and 181 0.01 $300,000 Prudential Financial 3.7% 231 0.01 Gas 3.6% 1/12/2047 1/10/2050 $200,000 Public Service Electric and 175 0.01 $500,000 Prudential Financial 3.7% 421 0.01 Gas 3.65% 1/9/2028 13/3/2051 $250,000 Public Service Electric and 222 0.01 $493,000 Prudential Financial 3.905% 419 0.01 Gas 3.65% 1/9/2042 7/12/2047 $250,000 Public Service Electric and 225 0.01 $602,000 Prudential Financial 3.935% 514 0.02 Gas 3.8% 1/1/2043 7/12/2049 $150,000 Public Service Electric and 137 0.00 $300,000 Prudential Financial 4.35% 273 0.01 Gas 3.8% 1/3/2046 25/2/2050 $200,000 Public Service Electric and 188 0.01 $350,000 Prudential Financial 4.5% 274 0.01 Gas 3.85% 1/5/2049 16/11/2021 $250,000 Public Service Electric and 240 0.01 $500,000 Prudential Financial 4.5% 404 0.01 Gas 4.05% 1/5/2048 15/9/2047 $500,000 Public Service Enterprise 403 0.01 $200,000 Prudential Financial 4.6% 185 0.01 2.875% 15/6/2024 15/5/2044 $200,000 Public Storage 3.094% 169 0.01 $200,000 Prudential Financial 5.375% 164 0.01 15/9/2027 15/5/2045 $100,000 Puget Energy 3.65% 80 0.00 $250,000 Prudential Financial 5.625% 200 0.01 15/5/2025 15/6/2043 $500,000 Puget Energy 4.1% 412 0.01 $300,000 Prudential Financial 5.7% 320 0.01 15/6/2030 14/12/2036 $300,000 Puget Energy 5.625% 239 0.01 $500,000 Prudential Financial 5.7% 431 0.01 15/7/2022 15/9/2048 $500,000 Puget Energy 6% 1/9/2021 393 0.01 $250,000 Prudential Financial 5.875% 199 0.01 $200,000 Puget Sound Energy 3.25% 168 0.01 15/9/2042 15/9/2049 $250,000 PSEG Power 3.85% 201 0.01 $200,000 Puget Sound Energy 190 0.01 1/6/2023 4.223% 15/6/2048 $400,000 PTT Global Chemical 4.25% 313 0.01 $250,000 Puget Sound Energy 268 0.01 19/9/2022 5.638% 15/4/2041 $800,000 PTTEP Treasury Center 634 0.02 $800,000 PVH 4.625% 10/7/2025 613 0.02 2.993% 15/1/2030 $500,000 Qatar Reinsurance 4.95% 367 0.01 $300,000 PTTEP Treasury Center 253 0.01 Perpetual 13/9/2168 3.903% 6/12/2059 $250,000 QBE Insurance 6.75% 211 0.01 $500,000 Public Service of Colorado 392 0.01 2/12/2044 1.9% 15/1/2031 $300,000 QBE Insurance 7.5% 251 0.01 $250,000 Public Service of Colorado 220 0.01 24/11/2043 3.6% 15/9/2042

303 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 QIB Sukuk 3.251% 300 0.01 $1,000,000 Raytheon Technologies 890 0.03 23/5/2022 4.125% 16/11/2028 $1,052,000 QUALCOMM 1.3% 788 0.03 $400,000 Raytheon Technologies 362 0.01 20/5/2028 4.15% 15/5/2045 $1,325,000 QUALCOMM 1.65% 987 0.03 $200,000 Raytheon Technologies 173 0.01 20/5/2032 4.2% 15/12/2044 $600,000 QUALCOMM 2.15% 473 0.02 $200,000 Raytheon Technologies 186 0.01 20/5/2030 4.35% 15/4/2047 $1,000,000 QUALCOMM 3.25% 844 0.03 $500,000 Raytheon Technologies 462 0.02 20/5/2027 4.45% 16/11/2038 $1,000,000 QUALCOMM 4.3% 954 0.03 $700,000 Raytheon Technologies 665 0.02 20/5/2047 4.5% 1/6/2042 $200,000 QUALCOMM 4.65% 201 0.01 $300,000 Raytheon Technologies 295 0.01 20/5/2035 4.625% 16/11/2048 $200,000 QUALCOMM 4.8% 203 0.01 $150,000 Raytheon Technologies 144 0.01 20/5/2045 4.8% 15/12/2043 $800,000 Quest Diagnostics 2.95% 653 0.02 $500,000 Raytheon Technologies 521 0.02 30/6/2030 5.7% 15/4/2040 $500,000 Quest Diagnostics 3.5% 414 0.01 $600,000 Raytheon Technologies 638 0.02 30/3/2025 6.05% 1/6/2036 $400,000 Rakuten 3.546% 321 0.01 $200,000 Raytheon Technologies 219 0.01 27/11/2024Ø 6.125% 15/7/2038 $400,000 Ralph Lauren 2.95% 309 0.01 $200,000 Raytheon Technologies 219 0.01 15/6/2030 7.5% 15/9/2029 $500,000 Raymond James Financial 455 0.02 $300,000 Realty Income 3% 242 0.01 4.65% 1/4/2030 15/1/2027 $300,000 Raymond James Financial 286 0.01 $500,000 Realty Income 3.25% 415 0.01 4.95% 15/7/2046 15/1/2031 $500,000 Raytheon Technologies 395 0.01 $300,000 Realty Income 3.875% 248 0.01 2.25% 1/7/2030 15/7/2024 $300,000 Raytheon Technologies 233 0.01 $300,000 Realty Income 3.875% 254 0.01 2.5% 15/12/2022 15/4/2025 $250,000 Raytheon Technologies 207 0.01 $250,000 Realty Income 4.65% 208 0.01 2.65% 1/11/2026 1/8/2023 $500,000 Raytheon Technologies 386 0.01 $300,000 Realty Income 4.65% 292 0.01 2.8% 15/3/2022 15/3/2047 $500,000 Raytheon Technologies 414 0.01 $500,000 Reckitt Benckiser Treasury 386 0.01 3.125% 4/5/2027 Services 2.375% 24/6/2022 $500,000 Raytheon Technologies 401 0.01 $400,000 Reckitt Benckiser Treasury 321 0.01 3.125% 1/7/2050 Services 2.75% 26/6/2024 $500,000 Raytheon Technologies 404 0.01 $1,000,000 Reckitt Benckiser Treasury 826 0.03 3.2% 15/3/2024 Services 3% 26/6/2027 $500,000 Raytheon Technologies 424 0.01 $400,000 Reckitt Benckiser Treasury 324 0.01 3.5% 15/3/2027 Services 3.625% 21/9/2023 $300,000 Raytheon Technologies 259 0.01 $500,000 Regency Centers LP 3.6% 400 0.01 3.75% 1/11/2046 1/2/2027 $400,000 Raytheon Technologies 342 0.01 $500,000 Regency Centers LP 3.7% 411 0.01 3.95% 16/8/2025 15/6/2030 $300,000 Raytheon Technologies 271 0.01 $250,000 Regency Centers LP 4.65% 219 0.01 4.05% 4/5/2047 15/3/2049

BlackRock Collective Investment Funds 304 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Regeneron Pharmaceuticals 366 0.01 $500,000 Reynolds American 4.45% 425 0.01 1.75% 15/9/2030 12/6/2025 $500,000 Regeneron Pharmaceuticals 357 0.01 $200,000 Reynolds American 4.85% 167 0.01 2.8% 15/9/2050 15/9/2023 $800,000 Regions Financial 2.25% 635 0.02 $300,000 Reynolds American 5.7% 278 0.01 18/5/2025 15/8/2035 $500,000 Regions Financial 2.75% 389 0.01 $700,000 Reynolds American 5.85% 649 0.02 14/8/2022 15/8/2045 $250,000 Regions Financial 7.375% 280 0.01 $300,000 Reynolds American 6.15% 282 0.01 10/12/2037 15/9/2043 $300,000 Reinsurance of America 248 0.01 $300,000 Rio Tinto Alcan 6.125% 329 0.01 4.7% 15/9/2023 15/12/2033 $100,000 Reinsurance of America 5% 77 0.00 $500,000 Rio Tinto Finance USA 423 0.01 1/6/2021 3.75% 15/6/2025 $700,000 Reliance Industries 3.667% 578 0.02 $200,000 Rio Tinto Finance USA 190 0.01 30/11/2027 4.125% 21/8/2042 $750,000 Reliance Industries 4.125% 617 0.02 $300,000 Rio Tinto Finance USA 305 0.01 28/1/2025Ø 4.75% 22/3/2042 $250,000 Reliance Industries 5.4% 197 0.01 $150,000 Rio Tinto Finance USA 5.2% 161 0.01 14/2/2022 2/11/2040 $500,000 Reliance Standard Life 383 0.01 $300,000 Rio Tinto Finance USA 317 0.01 Global Funding II 2.15% 7.125% 15/7/2028 21/1/2023 $1,000,000 Riyad Bank 3.174% 748 0.03 $800,000 Reliance Standard Life 625 0.02 25/2/2030 Global Funding II 2.75% $500,000 Rizal Commercial Banking 378 0.01 7/5/2025 3% 11/9/2024 $400,000 RELX Capital 3.5% 320 0.01 $400,000 Roche 1.75% 28/1/2022 305 0.01 16/3/2023 $200,000 Roche 2.375% 28/1/2027 162 0.01 $250,000 RELX Capital 4% 18/3/2029 221 0.01 $350,000 Roche 2.625% 15/5/2026 289 0.01 $300,000 RenaissanceRe Finance 244 0.01 $400,000 Roche 2.875% 29/9/2021 306 0.01 3.7% 1/4/2025 $200,000 Roche 3% 10/11/2025 165 0.01 $800,000 Republic Services 1.45% 590 0.02 $250,000 Roche 3.25% 17/9/2023 202 0.01 15/2/2031 $200,000 Roche 3.35% 30/9/2024 166 0.01 $500,000 Republic Services 2.5% 399 0.01 $500,000 Roche 3.625% 17/9/2028 436 0.02 15/8/2024 $200,000 Roche 4% 28/11/2044 196 0.01 $200,000 Republic Services 3.05% 160 0.01 1/3/2050 $200,000 Roche 7% 1/3/2039 247 0.01 $500,000 Republic Services 3.2% 410 0.01 $250,000 Rochester Gas and Electric 206 0.01 15/3/2025 3.1% 1/6/2027 $500,000 Republic Services 3.375% 424 0.01 $500,000 Rockwell Automation 3.5% 433 0.02 15/11/2027 1/3/2029 $500,000 Republic Services 3.95% 442 0.02 $200,000 Rockwell Automation 4.2% 199 0.01 15/5/2028 1/3/2049 $200,000 Republic Services 5.25% 158 0.01 $600,000 Rogers Communications 510 0.02 15/11/2021 3.625% 15/12/2025 $500,000 Resorts World Las Vegas / 353 0.01 $350,000 Rogers Communications 298 0.01 RWLV Capital 4.625% 3.7% 15/11/2049 16/4/2029 $300,000 Rogers Communications 247 0.01 $400,000 Reynolds American 4% 317 0.01 4.1% 1/10/2023 12/6/2022 $300,000 Rogers Communications 278 0.01 4.3% 15/2/2048

305 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 Rogers Communications 371 0.01 $300,000 RWJ Barnabas Health 237 0.01 4.35% 1/5/2049 3.477% 1/7/2049 $100,000 Rogers Communications 93 0.00 $500,000 Ryder System 2.5% 395 0.01 4.35% 1/5/2049 1/9/2024 $150,000 Rogers Communications 137 0.00 $100,000 Ryder System 2.9% 80 0.00 4.5% 15/3/2043 1/12/2026 $300,000 Rogers Communications 5% 293 0.01 $500,000 Ryder System 3.45% 386 0.01 15/3/2044 15/11/2021 $100,000 Rogers Communications 103 0.00 $500,000 Ryder System 3.65% 408 0.01 5.45% 1/10/2043 18/3/2024 $150,000 Rogers Communications 174 0.01 $500,000 Ryder System 3.75% 403 0.01 7.5% 15/8/2038 9/6/2023 $500,000 Roper Technologies 1% 376 0.01 $400,000 S&P Global 1.25% 295 0.01 15/9/2025 15/8/2030 $500,000 Roper Technologies 1.75% 375 0.01 $400,000 S&P Global 2.3% 15/8/2060 277 0.01 15/2/2031 $52,000 S&P Global 2.95% 43 0.00 $400,000 Roper Technologies 2.35% 317 0.01 22/1/2027 15/9/2024 $200,000 S&P Global 3.25% 174 0.01 $400,000 Roper Technologies 2.8% 307 0.01 1/12/2049 15/12/2021 $550,000 S&P Global 4% 15/6/2025 470 0.02 $400,000 Roper Technologies 2.95% 328 0.01 $400,000 Sabal Trail Transmission 350 0.01 15/9/2029 4.832% 1/5/2048 $500,000 Roper Technologies 3.8% 432 0.02 $175,000 Sabine Pass Liquefaction 144 0.01 15/12/2026 4.2% 15/3/2028 $400,000 Roper Technologies 4.2% 358 0.01 $700,000 Sabine Pass Liquefaction 575 0.02 15/9/2028 4.2% 15/3/2028 $300,000 Ross Stores 4.8% 15/4/2030 270 0.01 $600,000 Sabine Pass Liquefaction 513 0.02 $250,000 Ross Stores 5.45% 240 0.01 4.5% 15/5/2030 15/4/2050 $400,000 Sabine Pass Liquefaction 340 0.01 $1,000,000 Royal Bank of Canada 1.6% 772 0.03 5% 15/3/2027 17/4/2023 $600,000 Sabine Pass Liquefaction 495 0.02 $500,000 Royal Bank of Canada 398 0.01 5.625% 15/4/2023 2.25% 1/11/2024 $700,000 Sabine Pass Liquefaction 609 0.02 $500,000 Royal Bank of Canada 402 0.01 5.625% 1/3/2025 2.55% 16/7/2024 $500,000 Sabine Pass Liquefaction 427 0.01 $500,000 Royal Bank of Canada 387 0.01 5.75% 15/5/2024 2.75% 1/2/2022 $400,000 Sabine Pass Liquefaction 359 0.01 $500,000 Royal Bank of Canada 3.7% 410 0.01 5.875% 30/6/2026 5/10/2023 $500,000 Sabine Pass Liquefaction 399 0.01 $500,000 Royal Bank of Canada 442 0.02 6.25% 15/3/2022 4.65% 27/1/2026 $200,000 Sabra Health Care LP 163 0.01 $600,000 Royalty Pharma 1.75% 447 0.02 5.125% 15/8/2026 2/9/2027 $275,000 salesforce.com 3.25% 220 0.01 $600,000 Royalty Pharma 2.2% 444 0.02 11/4/2023 2/9/2030 $600,000 salesforce.com 3.25% 481 0.02 $700,000 Royalty Pharma 3.55% 503 0.02 11/4/2023 2/9/2050 $200,000 salesforce.com 3.7% 175 0.01 $400,000 RPM International 3.75% 324 0.01 11/4/2028 15/3/2027 $500,000 Samba Funding 2.75% 389 0.01 $300,000 RPM International 4.55% 261 0.01 2/10/2024 1/3/2029

BlackRock Collective Investment Funds 306 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Samba Funding 2.9% 389 0.01 $500,000 Scentre Trust 1 / Scentre 399 0.01 29/1/2027 Trust 2 3.625% 28/1/2026 $400,000 San Diego Gas & Electric 323 0.01 $500,000 Scentre Trust 1 / Scentre 395 0.01 2.5% 15/5/2026 Trust 2 3.75% 23/3/2027 $150,000 San Diego Gas & Electric 115 0.00 $500,000 Scentre Trust 1 / Scentre 420 0.01 3% 15/8/2021 Trust 2 4.375% 28/5/2030 $300,000 San Diego Gas & Electric 250 0.01 $500,000 Schlumberger 3.75% 407 0.01 3.32% 15/4/2050 1/5/2024 $400,000 San Diego Gas & Electric 324 0.01 $353,000 Schlumberger 3.9% 288 0.01 3.6% 1/9/2023 17/5/2028 $300,000 San Diego Gas & Electric 275 0.01 $20,000 Schlumberger 4% 17 0.00 4.1% 15/6/2049 21/12/2025 $200,000 San Diego Gas & Electric 187 0.01 $500,000 Schlumberger 4.3% 422 0.01 4.5% 15/8/2040 1/5/2029 $650,000 Sands China 4.6% 519 0.02 $200,000 Schlumberger Finance 155 0.01 8/8/2023Ø Canada 2.65% 20/11/2022 $600,000 Sands China 5.125% 496 0.02 $300,000 Schlumberger Investment 230 0.01 8/8/2025 2.4% 1/8/2022 $900,000 Sands China 5.4% 8/8/2028 762 0.03 $400,000 Schlumberger Investment 324 0.01 $600,000 Sanofi 3.375% 19/6/2023 485 0.02 3.65% 1/12/2023 $500,000 Sanofi 3.625% 19/6/2028 439 0.02 $350,000 Schneider Electric 2.95% 274 0.01 $400,000 Santander USA 3.244% 318 0.01 27/9/2022 5/10/2026 $214,000 Seagate HDD Cayman 171 0.01 $500,000 Santander USA 3.4% 392 0.01 4.091% 1/6/2029 18/1/2023 $100,000 Seagate HDD Cayman 81 0.00 $800,000 Santander USA 3.5% 641 0.02 4.75% 1/1/2025 7/6/2024 $250,000 Seagate HDD Cayman 204 0.01 $400,000 Santander USA 4.5% 330 0.01 4.875% 1/3/2024 17/7/2025 $376,000 Seagate HDD Cayman 314 0.01 $500,000 Santander UK 2.1% 387 0.01 4.875% 1/6/2027 13/1/2023 $100,000 Seagate HDD Cayman 85 0.00 $500,000 Santander UK 2.875% 382 0.01 5.75% 1/12/2034 5/8/2021 $200,000 Securian Financial 4.8% 180 0.01 $400,000 Santander UK 2.875% 323 0.01 15/4/2048 18/6/2024 $200,000 Selective Insurance 5.375% 184 0.01 $500,000 Santander UK 3.373% 393 0.01 1/3/2049 5/1/2024 $300,000 Sempra Energy 2.875% 233 0.01 $300,000 Santander UK 3.571% 232 0.01 1/10/2022 10/1/2023 $800,000 Sempra Energy 3.25% 663 0.02 $500,000 Santander UK 3.823% 417 0.01 15/6/2027 3/11/2028 $500,000 Sempra Energy 3.4% 417 0.01 $250,000 Santander UK 4.75% 207 0.01 1/2/2028 15/9/2025 $400,000 Sempra Energy 3.55% 326 0.01 $500,000 Santander UK 4.796% 416 0.01 15/6/2024 15/11/2024 $400,000 Sempra Energy 3.8% 343 0.01 $200,000 Santander UK 5.625% 187 0.01 1/2/2038 15/9/2045 $100,000 Sempra Energy 4% 87 0.00 $400,000 Santos Finance 5.25% 332 0.01 1/2/2048 13/3/2029 $100,000 Sempra Energy 6% 105 0.00 $300,000 Scentre Trust 1 / Scentre 237 0.01 15/10/2039 Trust 2 3.5% 12/2/2025 $1,000,000 ServiceNow 1.4% 1/9/2030 735 0.03

307 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 SES GLOBAL Americas GP 234 0.01 $600,000 Shell International Finance 562 0.02 5.3% 25/3/2044 4.55% 12/8/2043 $500,000 Seven & i 3.35% 17/9/2021 383 0.01 $400,000 Shell International Finance 419 0.01 $650,000 Severstal Via Steel Capital 496 0.02 5.5% 25/3/2040 3.85% 27/8/2021 $850,000 Shell International Finance 951 0.03 $340,000 SF Investment 4.125% 272 0.01 6.375% 15/12/2038 26/7/2023 $500,000 Sherwin-Williams 2.3% 388 0.01 $300,000 Shanghai Port BVI 236 0.01 15/5/2030 Development 2.875% $25,000 Sherwin-Williams 2.75% 19 0.00 18/6/2024Ø 1/6/2022 $300,000 Shanghai Port BVI 246 0.01 $200,000 Sherwin-Williams 3.3% 160 0.01 Development 3.375% 15/5/2050 Ø 18/6/2029 $500,000 Sherwin-Williams 3.45% 415 0.01 $500,000 Shanghai Port BVI 380 0.01 1/8/2025 Development 2 2.375% $400,000 Sherwin-Williams 3.8% 344 0.01 13/7/2030 15/8/2049 $500,000 Shell International Finance 395 0.01 $700,000 Sherwin-Williams 3.95% 596 0.02 2% 7/11/2024 15/1/2026 $600,000 Shell International Finance 469 0.02 $300,000 Sherwin-Williams 4.5% 283 0.01 2.25% 6/1/2023 1/6/2047Ø $500,000 Shell International Finance 388 0.01 $500,000 Shimao 5.6% 15/7/2026 404 0.01 2.375% 21/8/2022 $600,000 Shimao 6.125% 21/2/2024Ø 478 0.02 $500,000 Shell International Finance 401 0.01 $200,000 Shinhan Bank 3.875% 164 0.01 2.375% 6/4/2025 5/11/2023 $500,000 Shell International Finance 398 0.01 $200,000 Shinhan Bank 3.875% 164 0.01 2.375% 7/11/2029 24/3/2026 $500,000 Shell International Finance 410 0.01 $500,000 Shinhan Bank 4.5% 426 0.01 2.5% 12/9/2026 26/3/2028 $900,000 Shell International Finance 740 0.03 $500,000 Shinhan Financial 3.34% 391 0.01 2.75% 6/4/2030 5/2/2030 $700,000 Shell International Finance 582 0.02 $272,000 Shire 207 0.01 2.875% 10/5/2026 Acquisitions Investments $400,000 Shell International Finance 314 0.01 Ireland DAC 2.4% 23/9/2021 3.125% 7/11/2049 $850,000 Shire 676 0.02 $500,000 Shell International Finance 417 0.01 Acquisitions Investments 3.25% 11/5/2025 Ireland DAC 2.875% $700,000 Shell International Finance 564 0.02 23/9/2023 3.25% 6/4/2050 $1,300,000 Shire 1,088 0.04 $500,000 Shell International Finance 405 0.01 Acquisitions Investments 3.4% 12/8/2023 Ireland DAC 3.2% 23/9/2026 $250,000 Shell International Finance 204 0.01 $300,000 Siam Commercial Bank 257 0.01 3.5% 13/11/2023 PCL/Cayman Islands 4.4% $250,000 Shell International Finance 214 0.01 11/2/2029 3.75% 12/9/2046 $800,000 SIB Sukuk III 2.85% 614 0.02 $300,000 Shell International Finance 264 0.01 23/6/2025 3.875% 13/11/2028 $700,000 Siemens 565 0.02 $900,000 Shell International Finance 803 0.03 Financieringsmaatschappij 4% 10/5/2046 2.35% 15/10/2026 $900,000 Shell International Finance 835 0.03 $600,000 Siemens 464 0.02 4.375% 11/5/2045 Financieringsmaatschappij 2.7% 16/3/2022

BlackRock Collective Investment Funds 308 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$800,000 Siemens 624 0.02 $250,000 SK Broadband 3.875% 201 0.01 Financieringsmaatschappij 13/8/2023 2.9% 27/5/2022 $700,000 SK Telecom 3.75% 560 0.02 $500,000 Siemens 406 0.01 16/4/2023 Financieringsmaatschappij $400,000 Skandinaviska Enskilda 311 0.01 3.125% 16/3/2024 Banken 2.2% 12/12/2022 $700,000 Siemens 584 0.02 $300,000 Skandinaviska Enskilda 232 0.01 Financieringsmaatschappij Banken 2.8% 11/3/2022 3.25% 27/5/2025 $600,000 Skandinaviska Enskilda 466 0.02 $300,000 Siemens 255 0.01 Banken 3.05% 25/3/2022 Financieringsmaatschappij $200,000 Sky 3.125% 26/11/2022 158 0.01 3.3% 15/9/2046 $500,000 Sky 3.75% 16/9/2024 419 0.01 $500,000 Siemens 418 0.01 $700,000 SL Green Operating 534 0.02 Financieringsmaatschappij Partnership LP 3.25% 3.4% 16/3/2027 15/10/2022 $500,000 Siemens 487 0.02 $500,000 SMBC Aviation Capital 388 0.01 Financieringsmaatschappij Finance DAC 3.55% 4.2% 16/3/2047 15/4/2024 $550,000 Siemens 544 0.02 $175,000 Smithfield Foods 3.35% 130 0.00 Financieringsmaatschappij 1/2/2022 4.4% 27/5/2045 $400,000 Smithfield Foods 5.2% 331 0.01 $200,000 Siemens 194 0.01 1/4/2029 Financieringsmaatschappij $200,000 Snap-on 3.1% 1/5/2050 158 0.01 6.125% 17/8/2026 $200,000 Snap-on 4.1% 1/3/2048 184 0.01 $500,000 Sigma Alimentos de 4.125% 401 0.01 2/5/2026 $200,000 Sociedad Quimica y Minera 162 0.01 de Chile 4.25% 22/1/2050 $200,000 Simon Property LP 2.625% 154 0.01 15/6/2022 $300,000 Societe Generale 2.625% 234 0.01 16/10/2024 $250,000 Simon Property LP 2.65% 187 0.01 15/7/2030 $500,000 Societe Generale 2.625% 390 0.01 22/1/2025 $400,000 Simon Property LP 3.25% 283 0.01 13/9/2049 $500,000 Societe Generale 3% 393 0.01 22/1/2030 $500,000 Simon Property LP 3.3% 408 0.01 15/1/2026 $500,000 Societe Generale 3.25% 386 0.01 12/1/2022 $1,000,000 Simon Property LP 3.375% 810 0.03 1/10/2024 $350,000 Societe Generale 3.875% 283 0.01 28/3/2024 $500,000 Simon Property LP 3.375% 404 0.01 1/12/2027 $500,000 Societe Generale 4% 416 0.01 12/1/2027 $500,000 Simon Property LP 3.75% 405 0.01 1/2/2024 $1,000,000 Societe Generale 4.25% 810 0.03 14/9/2023 $250,000 Simon Property LP 3.8% 194 0.01 15/7/2050 $500,000 Societe Generale 4.25% 401 0.01 14/4/2025 $150,000 Simon Property LP 4.25% 123 0.00 1/10/2044 $500,000 Societe Generale 4.25% 406 0.01 19/8/2026 $400,000 Simon Property LP 4.75% 352 0.01 15/3/2042 $300,000 Societe Generale 4.75% 247 0.01 24/11/2025 $200,000 Simon Property LP 6.75% 212 0.01 1/2/2040 $500,000 Societe Generale 5% 407 0.01 17/1/2024 $450,000 SITE Centers 4.25% 350 0.01 1/2/2026 $200,000 Societe Generale 5.625% 188 0.01 24/11/2045

309 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 Solvay Finance America 253 0.01 $300,000 Southern California Gas 284 0.01 4.45% 3/12/2025 3.95% 15/2/2050 $200,000 Sompo Japan Insurance 162 0.01 $200,000 Southern California Gas 196 0.01 5.325% 28/3/2073 4.3% 15/1/2049 $200,000 Sonoco Products 5.75% 196 0.01 $75,000 Southern Copper 3.875% 62 0.00 1/11/2040 23/4/2025 $400,000 Southern 2.35% 1/7/2021 303 0.01 $400,000 Southern Copper 5.25% 382 0.01 $1,000,000 Southern 2.95% 1/7/2023 794 0.03 8/11/2042 $500,000 Southern 3.7% 30/4/2030 428 0.01 $550,000 Southern Copper 5.875% 570 0.02 $600,000 Southern 4.4% 1/7/2046 539 0.02 23/4/2045 $300,000 Southern 5.5% 15/3/2057 231 0.01 $600,000 Southern Copper 6.75% 647 0.02 16/4/2040 $1,000,000 Southern Gas Capital 1.75% 741 0.03 15/1/2031 $150,000 Southern Copper 7.5% 167 0.01 27/7/2035 $500,000 Southern Gas Capital 2.45% 393 0.01 1/10/2023 $150,000 Southern Natural Gas 4.8% 123 0.00 15/3/2047 $250,000 Southern Gas Capital 3.95% 210 0.01 1/10/2046 $100,000 Southern Union 7.6% 84 0.00 1/2/2024 $150,000 Southern Gas Capital 4.4% 137 0.00 30/5/2047 $200,000 Southwest Airlines 2.625% 140 0.00 10/2/2030 $200,000 Southern Gas Capital 207 0.01 5.875% 15/3/2041 $250,000 Southwest Airlines 3% 188 0.01 15/11/2026 $500,000 Southern California Edison 379 0.01 2.25% 1/6/2030 $200,000 Southwest Airlines 4.75% 159 0.01 4/5/2023 $400,000 Southern California Edison 309 0.01 3.6% 1/2/2045 $500,000 Southwest Airlines 5.125% 408 0.01 15/6/2027 $700,000 Southern California Edison 587 0.02 3.65% 1/3/2028 $900,000 Southwest Airlines 5.25% 734 0.03 4/5/2025 $300,000 Southern California Edison 238 0.01 3.65% 1/2/2050 $150,000 Southwest Gas 2.2% 118 0.00 15/6/2030 $500,000 Southern California Edison 380 0.01 3.875% 1/6/2021 $200,000 Southwest Gas 3.7% 170 0.01 1/4/2028 $600,000 Southern California Edison 490 0.02 4% 1/4/2047 $300,000 Southwestern Electric Power 253 0.01 3.85% 1/2/2048 $250,000 Southern California Edison 206 0.01 4.05% 15/3/2042 $200,000 Southwestern Electric Power 175 0.01 4.1% 15/9/2028 $500,000 Southern California Edison 417 0.01 4.125% 1/3/2048 $500,000 Southwestern Public 407 0.01 Service 3.15% 1/5/2050 $200,000 Southern California Edison 174 0.01 4.65% 1/10/2043 $250,000 Southwestern Public 210 0.01 Service 3.4% 15/8/2046 $300,000 Southern California Edison 272 0.01 4.875% 1/3/2049 $200,000 Southwestern Public 175 0.01 Service 3.7% 15/8/2047 $200,000 Southern California Edison 190 0.01 5.5% 15/3/2040 $300,000 Spectra Energy Partners LP 247 0.01 3.375% 15/10/2026 $200,000 Southern California Edison 196 0.01 5.95% 1/2/2038 $200,000 Spectra Energy Partners LP 175 0.01 4.5% 15/3/2045 $550,000 Southern California Edison 543 0.02 6.05% 15/3/2039 $300,000 Spectra Energy Partners LP 291 0.01 5.95% 25/9/2043 $400,000 Southern California Gas 326 0.01 2.55% 1/2/2030 $200,000 Spirit Realty LP 3.2% 151 0.01 15/1/2027 $300,000 Southern California Gas 265 0.01 3.75% 15/9/2042

BlackRock Collective Investment Funds 310 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 Spirit Realty LP 3.2% 146 0.01 $400,000 Stanley Black & Decker 4% 314 0.01 15/2/2031 15/3/2060 $200,000 Spirit Realty LP 3.4% 149 0.01 $400,000 Stanley Black & Decker 361 0.01 15/1/2030 4.25% 15/11/2028 $1,000,000 Sprint Spectrum / Sprint 810 0.03 $600,000 Starbucks 2% 12/3/2027 470 0.02 Spectrum II / Sprint $500,000 Starbucks 2.25% 12/3/2030 386 0.01 Spectrum III 4.738% $500,000 Starbucks 2.45% 15/6/2026 405 0.01 20/9/2029 $500,000 Starbucks 3.1% 1/3/2023 397 0.01 $500,000 Sprint Spectrum / Sprint 439 0.02 $150,000 Starbucks 3.35% 12/3/2050 115 0.00 Spectrum II / Sprint $400,000 Starbucks 3.5% 15/11/2050 317 0.01 Spectrum III 5.152% 20/9/2029 $1,000,000 Starbucks 3.55% 15/8/2029 860 0.03 $300,000 SSE 4.75% 16/9/2077 229 0.01 $250,000 Starbucks 3.75% 1/12/2047 204 0.01 $500,000 SSM Health Care 3.823% 411 0.01 $500,000 Starbucks 3.8% 15/8/2025 425 0.01 1/6/2027 $300,000 Starbucks 4.45% 15/8/2049 272 0.01 $800,000 Standard Chartered 2.819% 620 0.02 $300,000 Starbucks 4.5% 15/11/2048 276 0.01 30/1/2026 $350,000 State Street 2.354% 279 0.01 $400,000 Standard Chartered 3.516% 308 0.01 1/11/2025 12/2/2030Ø $400,000 State Street 2.65% 331 0.01 $500,000 Standard Chartered 3.785% 399 0.01 19/5/2026 21/5/2025 $400,000 State Street 2.653% 310 0.01 $600,000 Standard Chartered 3.885% 474 0.02 15/5/2023 15/3/2024 $300,000 State Street 3.031% 246 0.01 $500,000 Standard Chartered 3.95% 390 0.01 1/11/2034 11/1/2023 $300,000 State Street 3.1% 15/5/2023 240 0.01 $500,000 Standard Chartered 4.05% 413 0.01 $600,000 State Street 3.152% 512 0.02 12/4/2026 30/3/2031 $800,000 Standard Chartered 4.3% 644 0.02 $1,000,000 State Street 3.55% 852 0.03 19/2/2027 18/8/2025 $200,000 Standard Chartered 4.305% 169 0.01 $700,000 State Street 3.7% 578 0.02 21/5/2030 20/11/2023 $900,000 Standard Chartered 4.644% 788 0.03 $250,000 State Street 4.375% 191 0.01 1/4/2031 7/3/2021 $300,000 Standard Chartered 4.866% 246 0.01 $500,000 Steel Dynamics 2.8% 396 0.01 15/3/2033 15/12/2024 $300,000 Standard Chartered 5.2% 246 0.01 $300,000 Steel Dynamics 3.45% 246 0.01 26/1/2024 15/4/2030 $200,000 Standard Chartered 5.3% 182 0.01 $400,000 Steelcase 5.125% 324 0.01 9/1/2043 18/1/2029 $300,000 Standard Chartered 5.7% 236 0.01 $300,000 Steelcase 5.125% 243 0.01 25/1/2022 18/1/2029 $600,000 Standard Chartered 5.7% 583 0.02 $500,000 Stifel Financial 4% 402 0.01 26/3/2044 15/5/2030 $400,000 Standard Life Aberdeen 315 0.01 $400,000 STORE Capital 4.5% 316 0.01 4.25% 30/6/2028 15/3/2028 $200,000 Stanford Health Care 188 0.01 $400,000 Stryker 1.95% 15/6/2030 307 0.01 3.795% 15/11/2048 $300,000 Stryker 2.9% 15/6/2050 234 0.01 $200,000 Stanley Black & Decker 158 0.01 $700,000 Stryker 3.375% 1/11/2025 587 0.02 2.3% 15/3/2030 $200,000 Stryker 4.1% 1/4/2043 178 0.01 $400,000 Stanley Black & Decker 315 0.01 $400,000 Stryker 4.625% 15/3/2046 393 0.01 2.9% 1/11/2022 $500,000 Sumitomo 2.6% 9/7/2024Ø 395 0.01

311 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Sumitomo Life Insurance 422 0.01 $300,000 Sumitomo Mitsui Financial 244 0.01 4% 14/9/2077 3.748% 19/7/2023 $250,000 Sumitomo Life Insurance 213 0.01 $400,000 Sumitomo Mitsui Financial 330 0.01 6.5% 20/9/2073 3.936% 16/10/2023 $250,000 Sumitomo Mitsui Banking 210 0.01 $400,000 Sumitomo Mitsui Financial 356 0.01 3.65% 23/7/2025 4.306% 16/10/2028 $300,000 Sumitomo Mitsui Banking 235 0.01 $400,000 Sumitomo Mitsui Financial 329 0.01 3.95% 12/1/2022 4.436% 2/4/2024 $250,000 Sumitomo Mitsui Banking 204 0.01 $400,000 Sun Hung Kai Properties 316 0.01 3.95% 19/7/2023 Capital Market 2.75% $400,000 Sumitomo Mitsui Banking 328 0.01 13/5/2030 3.95% 10/1/2024 $600,000 Sun Hung Kai Properties 477 0.02 $300,000 Sumitomo Mitsui Banking 236 0.01 Capital Market 2.875% 4.85% 1/3/2022 21/1/2030 $800,000 Sumitomo Mitsui Financial 610 0.02 $600,000 Sun Hung Kai Properties 468 0.02 1.474% 8/7/2025 Capital Market 4.5% Ø $500,000 Sumitomo Mitsui Financial 383 0.01 14/2/2022 2.13% 8/7/2030 $500,000 Suncor Energy 3.1% 410 0.01 $500,000 Sumitomo Mitsui Financial 397 0.01 15/5/2025 2.348% 15/1/2025 $300,000 Suncor Energy 3.6% 247 0.01 $300,000 Sumitomo Mitsui Financial 238 0.01 1/12/2024 2.448% 27/9/2024 $400,000 Suncor Energy 4% 324 0.01 $500,000 Sumitomo Mitsui Financial 406 0.01 15/11/2047 2.632% 14/7/2026 $400,000 Suncor Energy 5.35% 349 0.01 $400,000 Sumitomo Mitsui Financial 320 0.01 15/7/2033 2.696% 16/7/2024 $600,000 Suncor Energy 6.5% 590 0.02 $300,000 Sumitomo Mitsui Financial 240 0.01 15/6/2038 2.724% 27/9/2029 $200,000 Suncor Energy 6.8% 203 0.01 $800,000 Sumitomo Mitsui Financial 645 0.02 15/5/2038 2.75% 15/1/2030 $200,000 Suncor Energy 6.85% 203 0.01 $1,000,000 Sumitomo Mitsui Financial 782 0.03 1/6/2039 2.778% 18/10/2022 $500,000 Suncorp-Metway 2.8% 387 0.01 $750,000 Sumitomo Mitsui Financial 584 0.02 4/5/2022 2.784% 12/7/2022 $240,000 Sunny Optical Technology 187 0.01 Ø $300,000 Sumitomo Mitsui Financial 231 0.01 3.75% 23/1/2023 2.846% 11/1/2022 $600,000 Sunoco Logistics Partners 470 0.02 $500,000 Sumitomo Mitsui Financial 414 0.01 Operations LP 3.9% 3.01% 19/10/2026 15/7/2026 $700,000 Sumitomo Mitsui Financial 573 0.02 $250,000 Sunoco Logistics Partners 199 0.01 3.04% 16/7/2029 Operations LP 4.25% $500,000 Sumitomo Mitsui Financial 396 0.01 1/4/2024 3.102% 17/1/2023 $300,000 Sunoco Logistics Partners 213 0.01 $300,000 Sumitomo Mitsui Financial 243 0.01 Operations LP 5.3% 3.202% 17/9/2029 1/4/2044 $400,000 Sumitomo Mitsui Financial 334 0.01 $500,000 Sunoco Logistics Partners 371 0.01 3.364% 12/7/2027 Operations LP 5.4% 1/10/2047 $500,000 Sumitomo Mitsui Financial 419 0.01 3.446% 11/1/2027 $200,000 Sunrise Cayman 5.25% 156 0.01 11/3/2024 $700,000 Sumitomo Mitsui Financial 592 0.02 3.544% 17/1/2028 $600,000 Suntory 2.25% 16/10/2024 469 0.02

BlackRock Collective Investment Funds 312 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 SURA Asset Management 410 0.01 $300,000 Sysco 3.3% 15/7/2026 243 0.01 4.375% 11/4/2027 $200,000 Sysco 3.3% 15/2/2050 140 0.00 $300,000 Sutter Health 3.695% 253 0.01 $250,000 Sysco 3.75% 1/10/2025 206 0.01 15/8/2028 $450,000 Sysco 4.5% 1/4/2046 363 0.01 $400,000 Suzano Austria 5% 318 0.01 $500,000 Sysco 5.95% 1/4/2030 471 0.02 15/1/2030 $500,000 Sysco 6.6% 1/4/2040 499 0.02 $1,300,000 Suzano Austria 6% 1,101 0.04 $300,000 Sysco 6.6% 1/4/2050 310 0.01 15/1/2029Ø $800,000 Takeda Pharmaceutical 607 0.02 $400,000 Suzano Austria 7% 348 0.01 2.05% 31/3/2030 16/3/2047 $500,000 Takeda Pharmaceutical 387 0.01 $800,000 Svenska Handelsbanken 600 0.02 3.025% 9/7/2040 0.625% 30/6/2023 $600,000 Takeda Pharmaceutical 460 0.02 $400,000 Svenska Handelsbanken 332 0.01 3.175% 9/7/2050 3.9% 20/11/2023 $400,000 Takeda Pharmaceutical 307 0.01 $800,000 Swedbank 2.8% 14/3/2022 618 0.02 3.375% 9/7/2060 $400,000 Swire Pacific MTN 311 0.01 $1,000,000 Takeda Pharmaceutical 4% 777 0.03 Financing 4.5% 28/2/2022 26/11/2021 $200,000 Swire Pacific Mtn Financing 157 0.01 $500,000 Takeda Pharmaceutical 417 0.01 HK 2.875% 30/1/2030 4.4% 26/11/2023 $200,000 Swire Properties MTN 161 0.01 $900,000 Takeda Pharmaceutical 5% 832 0.03 Financing 3.5% 10/1/2028 26/11/2028 $300,000 Swire Properties MTN 244 0.01 $400,000 Talent Yield Investments 312 0.01 Financing 3.625% 4.5% 25/4/2022 13/1/2026 $400,000 Tampa Electric 3.625% 347 0.01 $600,000 Swiss Re Finance 458 0.02 15/6/2050 Luxembourg 4.25% $200,000 Tampa Electric 4.35% 186 0.01 Perpetual 4/9/2168Ø 15/5/2044 $400,000 Swiss Re Finance 341 0.01 $300,000 Tanger Properties LP 214 0.01 Luxembourg 5% 2/4/2049 3.875% 15/7/2027 $250,000 Swiss Re Treasury US 231 0.01 $400,000 Tapestry 4.125% 15/7/2027 292 0.01 4.25% 6/12/2042 $200,000 Tapestry 4.25% 1/4/2025 152 0.01 $400,000 Sydney Airport Finance Pty 323 0.01 $600,000 Target 2.25% 15/4/2025 481 0.02 3.625% 28/4/2026Ø $750,000 Target 2.35% 15/2/2030 608 0.02 $100,000 Sydney Airport Finance Pty 79 0.00 3.9% 22/3/2023 $500,000 Target 2.65% 15/9/2030 415 0.01 $600,000 Synchrony Bank 3% 463 0.02 $650,000 Target 2.9% 15/1/2022 503 0.02 15/6/2022 $300,000 Target 3.375% 15/4/2029 262 0.01 $800,000 Synchrony Financial 3.75% 611 0.02 $500,000 Target 3.5% 1/7/2024 415 0.01 15/8/2021 $500,000 Target 3.625% 15/4/2046 462 0.02 $500,000 Synchrony Financial 4.375% 402 0.01 $200,000 Target 3.9% 15/11/2047 195 0.01 19/3/2024 $200,000 Target 4% 1/7/2042 192 0.01 $500,000 Synchrony Financial 4.5% 406 0.01 $400,000 Target 7% 15/1/2038 486 0.02 23/7/2025 $200,000 TC PipeLines LP 3.9% 161 0.01 $400,000 Synchrony Financial 5.15% 342 0.01 25/5/2027 19/3/2029 $200,000 TCI Communications 203 0.01 $600,000 Synovus Bank/Columbus 455 0.02 7.875% 15/2/2026 GA 2.289% 10/2/2023 $400,000 TD Ameritrade 3.3% 338 0.01 $300,000 Sysco 2.4% 15/2/2030 224 0.01 1/4/2027 $100,000 Sysco 2.5% 15/7/2021 76 0.00 $300,000 TD Ameritrade 3.625% 252 0.01 $200,000 Sysco 2.6% 12/6/2022 155 0.01 1/4/2025 $400,000 Sysco 3.25% 15/7/2027 322 0.01

313 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$800,000 Teachers Insurance & 620 0.02 $200,000 Tencent 3.925% 19/1/2038 171 0.01 Annuity Association of $800,000 Tencent 3.975% 11/4/2029 689 0.02 America 3.3% 15/5/2050 $200,000 Tencent 3.975% 11/4/2029 172 0.01 $600,000 Teachers Insurance & 532 0.02 $200,000 Tencent 4.525% 11/4/2049 195 0.01 Annuity Association of $300,000 Tengizchevroil Finance 231 0.01 America 4.27% 15/5/2047 International 3.25% $100,000 Teachers Insurance & 80 0.00 15/8/2030 Annuity Association of $200,000 Tengizchevroil Finance 160 0.01 America 4.375% 15/9/2054 International 4% 15/8/2026 $400,000 Teachers Insurance & 377 0.01 $1,300,000 Tennessee Gas Pipeline 1,015 0.04 Annuity Association of 2.9% 1/3/2030 America 4.9% 15/9/2044 $300,000 Tennessee Gas Pipeline 7% 289 0.01 $334,000 Teachers Insurance & 376 0.01 15/10/2028 Annuity Association of $200,000 Tesco 6.15% 15/11/2037 193 0.01 America 6.85% 16/12/2039 $350,000 Texas Eastern Transmission 268 0.01 $400,000 Teck Resources 5.4% 309 0.01 LP 2.8% 15/10/2022 1/2/2043 $300,000 Texas Eastern Transmission 239 0.01 $400,000 Teck Resources 6.25% 335 0.01 LP 4.15% 15/1/2048 15/7/2041 $400,000 Texas Health Resources 280 0.01 $800,000 Telefonica 684 0.02 2.328% 15/11/2050 Emisiones 4.103% 8/3/2027Ø $300,000 Texas Instruments 1.75% 232 0.01 4/5/2030 $300,000 Telefonica Emisiones 4.57% 246 0.01 $600,000 Texas Instruments 1.85% 460 0.02 27/4/2023 15/5/2022 $300,000 Telefonica 264 0.01 $500,000 Texas Instruments 2.9% 420 0.01 Emisiones 4.665% 6/3/2038 3/11/2027 $300,000 Telefonica 266 0.01 $300,000 Texas Instruments 3.875% 281 0.01 Emisiones 4.895% 6/3/2048 15/3/2039 $750,000 Telefonica 679 0.02 $350,000 Texas Instruments 4.15% 343 0.01 Emisiones 5.213% 8/3/2047 15/5/2048 $250,000 Telefonica Emisiones 5.52% 236 0.01 $600,000 Textron 2.45% 15/3/2031 443 0.02 1/3/2049 $200,000 Textron 3% 1/6/2030 157 0.01 $200,000 Telefonica Emisiones 5.52% 189 0.01 1/3/2049Ø $500,000 Textron 4% 15/3/2026 412 0.01 $700,000 Telefonica 761 0.03 $300,000 Thaioil Treasury Center 226 0.01 Emisiones 7.045% 2.5% 18/6/2030 20/6/2036 $250,000 Thaioil Treasury Center 178 0.01 $250,000 Telefonica Europe 8.25% 284 0.01 3.5% 17/10/2049 15/9/2030 $205,000 Thaioil Treasury Center 152 0.01 $300,000 Telstra 3.125% 7/4/2025 246 0.01 3.75% 18/6/2050 $200,000 Telstra 4.8% 12/10/2021 156 0.01 $300,000 Thaioil Treasury Center 281 0.01 5.375% 20/11/2048 $300,000 TELUS 2.8% 16/2/2027 240 0.01 $300,000 Thermo Fisher Scientific 243 0.01 $200,000 TELUS 4.3% 15/6/2049 181 0.01 2.6% 1/10/2029 $200,000 TELUS 4.6% 16/11/2048 188 0.01 $500,000 Thermo Fisher Scientific 418 0.01 $500,000 Tencent 1.81% 26/1/2026 382 0.01 2.95% 19/9/2026 $800,000 Tencent 2.39% 3/6/2030 620 0.02 $400,000 Thermo Fisher Scientific 3% 317 0.01 $800,000 Tencent 3.24% 3/6/2050 634 0.02 15/4/2023 $200,000 Tencent 3.28% 11/4/2024 160 0.01 $300,000 Thermo Fisher Scientific 253 0.01 $250,000 Tencent 3.29% 3/6/2060 200 0.01 3.2% 15/8/2027 $1,075,000 Tencent 3.595% 19/1/2028 893 0.03 $300,000 Tencent 3.8% 11/2/2025 248 0.01

BlackRock Collective Investment Funds 314 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 Thermo Fisher Scientific 191 0.01 $600,000 T-Mobile USA 4.375% 536 0.02 4.1% 15/8/2047 15/4/2040 $500,000 Thermo Fisher Scientific 429 0.01 $1,000,000 T-Mobile USA 4.5% 912 0.03 4.133% 25/3/2025 15/4/2050 $500,000 Thermo Fisher Scientific 414 0.01 $500,000 Toledo Hospital/The 5.75% 441 0.02 4.15% 1/2/2024 15/11/2038 $500,000 Thermo Fisher Scientific 465 0.02 $500,000 Toronto-Dominion Bank/The 382 0.01 4.497% 25/3/2030 1.15% 12/6/2025 $150,000 Thermo Fisher Scientific 157 0.01 $500,000 Toronto-Dominion Bank/The 386 0.01 5.3% 1/2/2044 1.9% 1/12/2022 $250,000 Thomson Reuters 3.35% 208 0.01 $600,000 Toronto-Dominion Bank/The 482 0.02 15/5/2026 2.65% 12/6/2024 $200,000 Thomson Reuters 5.65% 199 0.01 $500,000 Toronto-Dominion Bank/The 407 0.01 23/11/2043 3.25% 11/3/2024 $150,000 Thomson Reuters 5.85% 150 0.01 $500,000 Toronto-Dominion Bank/The 408 0.01 15/4/2040 3.5% 19/7/2023 $500,000 Time Warner Cable 4% 382 0.01 $500,000 Toronto-Dominion Bank/The 425 0.01 1/9/2021 3.625% 15/9/2031 $250,000 Time Warner Cable 4.125% 188 0.01 $250,000 Total Capital 3.883% 222 0.01 15/2/2021 11/10/2028 $400,000 Time Warner Cable 4.5% 335 0.01 $800,000 Total Capital 4.25% 628 0.02 15/9/2042 15/12/2021 $500,000 Time Warner Cable 5.5% 459 0.02 $500,000 Total Capital International 401 0.01 1/9/2041 2.434% 10/1/2025 $700,000 Time Warner Cable 5.875% 665 0.02 $500,000 Total Capital International 401 0.01 15/11/2040 2.434% 10/1/2025 $500,000 Time Warner Cable 6.55% 503 0.02 $300,000 Total Capital International 249 0.01 1/5/2037 2.829% 10/1/2030 $300,000 Time Warner Cable 6.75% 312 0.01 $250,000 Total Capital International 194 0.01 15/6/2039 2.875% 17/2/2022 $500,000 Time Warner Cable 7.3% 534 0.02 $400,000 Total Capital International 313 0.01 1/7/2038 2.986% 29/6/2041 $300,000 TJX Cos 2.25% 15/9/2026 239 0.01 $600,000 Total Capital International 472 0.02 $100,000 TJX Cos 2.5% 15/5/2023 79 0.00 3.127% 29/5/2050 $500,000 TJX Cos 3.5% 15/4/2025 417 0.01 $250,000 Total Capital International 204 0.01 $300,000 TJX Cos 3.75% 15/4/2027 258 0.01 3.386% 29/6/2060 $500,000 TJX Cos 3.875% 15/4/2030 444 0.02 $700,000 Total Capital International 603 0.02 3.455% 19/2/2029 $200,000 TJX Cos 4.5% 15/4/2050 190 0.01 $400,000 Total Capital International 333 0.01 $400,000 T-Mobile USA 1.5% 303 0.01 3.461% 12/7/2049 15/2/2026 $250,000 Total Capital International 208 0.01 $400,000 T-Mobile USA 2.05% 306 0.01 3.75% 10/4/2024 15/2/2028 $500,000 Toyota Industries 3.235% 394 0.01 $500,000 T-Mobile USA 2.55% 390 0.01 16/3/2023 15/2/2031 $700,000 Toyota Motor 2.358% 558 0.02 $900,000 T-Mobile USA 3.5% 743 0.03 2/7/2024 15/4/2025 $1,000,000 Toyota Motor Credit 0.5% 748 0.03 $1,350,000 T-Mobile USA 3.75% 1,141 0.04 14/8/2023 15/4/2027 $600,000 Toyota Motor Credit 2% 473 0.02 $2,450,000 T-Mobile USA 3.875% 2,097 0.07 7/10/2024 15/4/2030

315 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Toyota Motor Credit 2.15% 396 0.01 $500,000 TransCanada PipeLines 434 0.02 13/2/2030 4.1% 15/4/2030 $500,000 Toyota Motor Credit 2.25% 393 0.01 $400,000 TransCanada PipeLines 348 0.01 18/10/2023 4.25% 15/5/2028 $800,000 Toyota Motor Credit 2.6% 616 0.02 $200,000 TransCanada PipeLines 180 0.01 11/1/2022 4.625% 1/3/2034 $500,000 Toyota Motor Credit 2.7% 393 0.01 $600,000 TransCanada PipeLines 578 0.02 11/1/2023 4.875% 15/5/2048 $500,000 Toyota Motor Credit 2.8% 391 0.01 $100,000 TransCanada PipeLines 96 0.00 13/7/2022 4.875% 15/5/2048 $500,000 Toyota Motor Credit 2.9% 397 0.01 $250,000 TransCanada PipeLines 5% 229 0.01 30/3/2023 16/10/2043 $400,000 Toyota Motor Credit 3% 329 0.01 $500,000 TransCanada PipeLines 498 0.02 1/4/2025 5.1% 15/3/2049Ø $200,000 Toyota Motor Credit 3.2% 168 0.01 $450,000 TransCanada PipeLines 456 0.02 11/1/2027 6.1% 1/6/2040 $250,000 Toyota Motor Credit 3.3% 194 0.01 $400,000 TransCanada PipeLines 408 0.01 12/1/2022 6.2% 15/10/2037 $800,000 Toyota Motor Credit 3.375% 698 0.02 $150,000 TransCanada PipeLines 173 0.01 1/4/2030 7.625% 15/1/2039 $500,000 Toyota Motor Credit 3.4% 385 0.01 $400,000 Transcanada Trust 5.5% 318 0.01 15/9/2021 15/9/2079 $1,000,000 Toyota Motor Credit 3.45% 814 0.03 $500,000 Transcontinental Gas Pipe 406 0.01 20/9/2023 Line 3.25% 15/5/2030 $300,000 Toyota Motor Credit 3.65% 265 0.01 $200,000 Transcontinental Gas Pipe 163 0.01 8/1/2029 Line 3.95% 15/5/2050 $450,000 Trane Technologies Global 372 0.01 $300,000 Transcontinental Gas Pipe 254 0.01 4.25% 15/6/2023 Line 4% 15/3/2028 $300,000 Trane Technologies 248 0.01 $200,000 Transcontinental Gas Pipe 177 0.01 Luxembourg Finance 3.55% Line 4.6% 15/3/2048 1/11/2024 $300,000 Transelec 3.875% 12/1/2029 240 0.01 $300,000 Trane Technologies 263 0.01 $400,000 Transportadora de Gas del 333 0.01 Luxembourg Finance 3.8% Peru 4.25% 30/4/2028 21/3/2029 $400,000 Transurban Finance Pty 320 0.01 $300,000 Trane Technologies 263 0.01 3.375% 22/3/2027 Luxembourg Finance 3.8% $300,000 Travelers Cos 4% 30/5/2047 280 0.01 21/3/2029 $300,000 Travelers Cos 4.05% 278 0.01 $200,000 Trane Technologies 188 0.01 7/3/2048 Luxembourg Finance 4.5% $300,000 Travelers Cos 4.1% 4/3/2049 281 0.01 21/3/2049 $200,000 Travelers Cos 4.3% 189 0.01 $300,000 Trane Technologies 276 0.01 25/8/2045 Luxembourg Finance 4.65% $150,000 Travelers Cos 4.6% 1/8/2043 147 0.01 1/11/2044 $300,000 Travelers Cos 5.35% 315 0.01 $750,000 Trans-Allegheny Interstate 616 0.02 1/11/2040 Line 3.85% 1/6/2025 $200,000 Travelers Cos 6.75% 231 0.01 $200,000 Transatlantic 8% 30/11/2039 233 0.01 20/6/2036 $500,000 TransCanada PipeLines 387 0.01 $400,000 Trimble 4.9% 15/6/2028 357 0.01 2.5% 1/8/2022 $300,000 Trinity Acquisition 4.4% 258 0.01 $200,000 TransCanada PipeLines 163 0.01 15/3/2026 3.75% 16/10/2023 $300,000 Trinity Health 3.434% 238 0.01 1/12/2048

BlackRock Collective Investment Funds 316 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Truist Bank 2.15% 397 0.01 $300,000 TWDC Enterprises 231 0.01 6/12/2024 18 2.55% 15/2/2022 $600,000 Truist Bank 2.25% 466 0.02 $300,000 TWDC Enterprises 18 3% 232 0.01 11/3/2030 30/7/2046 $400,000 Truist Bank 2.45% 1/8/2022 310 0.01 $200,000 TWDC Enterprises 18 3.7% 170 0.01 $300,000 Truist Bank 2.625% 231 0.01 1/12/2042 15/1/2022 $200,000 TWDC Enterprises 181 0.01 $250,000 Truist Bank 2.636% 193 0.01 18 4.125% 1/6/2044 17/9/2029 $300,000 TWDC Enterprises 274 0.01 $500,000 Truist Bank 3.2% 1/4/2024 408 0.01 18 4.375% 16/8/2041 $200,000 Truist Bank 3.3% 15/5/2026 168 0.01 $250,000 Tyco Electronics 3.5% 193 0.01 $800,000 Truist Bank 3.689% 651 0.02 3/2/2022 2/8/2024 $300,000 Tyco Electronics 3.7% 251 0.01 $500,000 Truist Bank 3.8% 435 0.02 15/2/2026 30/10/2026 $500,000 Tyson Foods 3.55% 423 0.01 $500,000 Truist Bank 4.05% 435 0.02 2/6/2027 3/11/2025 $500,000 Tyson Foods 3.95% 416 0.01 $500,000 Truist Financial 1.125% 373 0.01 15/8/2024 3/8/2027 $500,000 Tyson Foods 4% 1/3/2026 430 0.01 $1,000,000 Truist Financial 2.2% 779 0.03 $400,000 Tyson Foods 4.35% 361 0.01 16/3/2023 1/3/2029 $300,000 Truist Financial 2.7% 231 0.01 $300,000 Tyson Foods 4.5% 238 0.01 27/1/2022 15/6/2022 $350,000 Truist Financial 2.75% 271 0.01 $250,000 Tyson Foods 4.55% 235 0.01 1/4/2022 2/6/2047 $500,000 Truist Financial 3.05% 390 0.01 $125,000 Tyson Foods 4.875% 123 0.00 20/6/2022 15/8/2034 $700,000 Truist Financial 3.7% 596 0.02 $300,000 Tyson Foods 5.1% 308 0.01 5/6/2025 28/9/2048 $250,000 Truist Financial 3.75% 206 0.01 $300,000 Tyson Foods 5.1% 308 0.01 6/12/2023 28/9/2048 $300,000 Truist Financial 3.875% 260 0.01 $150,000 Tyson Foods 5.15% 147 0.01 19/3/2029 15/8/2044 $500,000 Truist Financial 4% 1/5/2025 426 0.01 $1,000,000 UBS 1.364% 30/1/2027 754 0.03 $300,000 Trust Fibra Uno 6.39% 231 0.01 $500,000 UBS 2.65% 1/2/2022 385 0.01 15/1/2050 $1,300,000 UBS 2.859% 15/8/2023 1,010 0.03 $250,000 Trust Fibra Uno 6.95% 204 0.01 $400,000 UBS 3.126% 13/8/2030 332 0.01 Ø 30/1/2044 $500,000 UBS 3.491% 23/5/2023 392 0.01 $200,000 Trustees of Boston 197 0.01 $750,000 UBS 4.125% 24/9/2025 643 0.02 University 4.061% $300,000 UBS 4.125% 15/4/2026 260 0.01 1/10/2048 $500,000 UBS 4.253% 23/3/2028 434 0.02 $600,000 Trustees of the University of 450 0.02 $1,000,000 UBS AG/London 1.75% 762 0.03 Pennsylvania/The 2.396% 21/4/2022 1/10/2050 $500,000 UBS AG/London 4.5% 533 0.02 $250,000 TTX 4.2% 1/7/2046 224 0.01 26/6/2048 $300,000 Tucson Electric Power 4% 272 0.01 $500,000 UDR 3.2% 15/1/2030 415 0.01 15/6/2050 $400,000 UDR 4% 1/10/2025 336 0.01 $500,000 TWDC Enterprises 393 0.01 $500,000 UniCredit 3.75% 12/4/2022 386 0.01 18 1.85% 30/7/2026 $400,000 UniCredit 6.572% 14/1/2022 318 0.01 $800,000 TWDC Enterprises 617 0.02 18 2.45% 4/3/2022

317 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$200,000 Unilever Capital 2% 160 0.01 $400,000 Union Pacific 3.839% 349 0.01 28/7/2026 20/3/2060 $500,000 Unilever Capital 2.125% 398 0.01 $600,000 Union Pacific 3.839% 523 0.02 6/9/2029 20/3/2060 $400,000 Unilever Capital 2.2% 308 0.01 $150,000 Union Pacific 3.875% 135 0.00 5/5/2022 1/2/2055 $700,000 Unilever Capital 2.6% 562 0.02 $500,000 Union Pacific 3.95% 442 0.02 5/5/2024 10/9/2028 $500,000 Unilever Capital 2.9% 420 0.01 $150,000 Union Pacific 3.95% 131 0.00 5/5/2027 15/8/2059 $300,000 Unilever Capital 3.125% 239 0.01 $50,000 Union Pacific 4% 1/2/2021 38 0.00 22/3/2023 $200,000 Union Pacific 4% 15/4/2047 181 0.01 $300,000 Unilever Capital 3.5% 264 0.01 $200,000 Union Pacific 4.3% 183 0.01 22/3/2028 15/6/2042 $250,000 Unilever Capital 5.9% 276 0.01 $300,000 Union Pacific 4.3% 1/3/2049 290 0.01 15/11/2032 $500,000 Union Pacific 4.375% 465 0.02 $200,000 Union Electric 3.25% 169 0.01 10/9/2038 1/10/2049 $400,000 Union Pacific 4.5% 397 0.01 $200,000 Union Electric 3.65% 176 0.01 10/9/2048 15/4/2045 $210,425 United Airlines 2016-1 Class 153 0.01 $200,000 Union Electric 3.9% 177 0.01 AA Pass Through Trust 3.1% 15/9/2042 7/1/2030 $150,000 Union Electric 5.3% 151 0.01 $216,961 United Airlines 2016-2 Class 152 0.01 1/8/2037 AA Pass Through Trust $500,000 Union Pacific 2.15% 399 0.01 2.875% 7/4/2030 5/2/2027 $746,421 United Airlines 2018-1 Class 519 0.02 $500,000 Union Pacific 2.4% 5/2/2030 404 0.01 AA Pass Through Trust 3.5% $200,000 Union Pacific 2.75% 163 0.01 1/9/2031 1/3/2026 $200,000 United Overseas Bank 152 0.01 $500,000 Union Pacific 2.75% 408 0.01 2.88% 8/3/2027 1/3/2026 $250,000 United Overseas Bank 3.5% 190 0.01 $400,000 Union Pacific 2.95% 311 0.01 16/9/2026 1/3/2022 $300,000 United Overseas Bank 240 0.01 $500,000 Union Pacific 3% 15/4/2027 418 0.01 3.75% 15/4/2029 $200,000 Union Pacific 3.25% 163 0.01 $500,000 United Parcel Service 385 0.01 15/1/2025 2.35% 16/5/2022 $550,000 Union Pacific 3.25% 455 0.02 $300,000 United Parcel Service 234 0.01 5/2/2050 2.45% 1/10/2022 $300,000 Union Pacific 3.35% 245 0.01 $200,000 United Parcel Service 2.5% 164 0.01 15/8/2046 1/9/2029 $500,000 Union Pacific 3.55% 440 0.02 $500,000 United Parcel Service 423 0.01 15/8/2039 3.05% 15/11/2027 $200,000 Union Pacific 3.646% 163 0.01 $500,000 United Parcel Service 3.4% 434 0.02 15/2/2024 15/3/2029 $500,000 Union Pacific 3.7% 1/3/2029 437 0.02 $200,000 United Parcel Service 3.4% 170 0.01 $200,000 Union Pacific 3.7% 1/3/2029 175 0.01 15/11/2046 $200,000 Union Pacific 3.75% 170 0.01 $200,000 United Parcel Service 3.4% 172 0.01 5/2/2070 1/9/2049 $250,000 Union Pacific 3.799% 226 0.01 $300,000 United Parcel Service 260 0.01 1/10/2051 3.625% 1/10/2042

BlackRock Collective Investment Funds 318 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$300,000 United Parcel Service 270 0.01 $200,000 UnitedHealth 3.95% 180 0.01 3.75% 15/11/2047 15/10/2042 $500,000 United Parcel Service 3.9% 426 0.01 $300,000 UnitedHealth 4.2% 284 0.01 1/4/2025 15/1/2047 $300,000 United Parcel Service 292 0.01 $200,000 UnitedHealth 4.25% 191 0.01 4.25% 15/3/2049 15/3/2043 $500,000 United Parcel Service 471 0.02 $300,000 UnitedHealth 4.25% 289 0.01 4.45% 1/4/2030 15/4/2047 $200,000 United Parcel Service 5.2% 207 0.01 $1,000,000 UnitedHealth 4.25% 963 0.03 1/4/2040 15/6/2048 $400,000 United Parcel Service 5.3% 440 0.02 $300,000 UnitedHealth 4.45% 298 0.01 1/4/2050 15/12/2048 $400,000 United Parcel Service 6.2% 455 0.02 $850,000 UnitedHealth 4.625% 839 0.03 15/1/2038 15/7/2035 $500,000 UnitedHealth 1.25% 383 0.01 $150,000 UnitedHealth 4.625% 149 0.01 15/1/2026 15/11/2041 $500,000 UnitedHealth 2% 15/5/2030 391 0.01 $500,000 UnitedHealth 4.75% 509 0.02 $750,000 UnitedHealth 2.375% 585 0.02 15/7/2045 15/10/2022 $250,000 UnitedHealth 5.95% 280 0.01 $500,000 UnitedHealth 2.75% 396 0.01 15/2/2041 15/5/2040 $200,000 UnitedHealth 6.5% 231 0.01 $200,000 UnitedHealth 2.875% 154 0.01 15/6/2037 15/3/2022 $250,000 UnitedHealth 6.875% 301 0.01 $700,000 UnitedHealth 2.875% 587 0.02 15/2/2038 15/8/2029 $500,000 Unity 1 Sukuk 3.86% 378 0.01 $900,000 UnitedHealth 2.9% 715 0.02 30/11/2021 15/5/2050 $400,000 Universal Health Services 299 0.01 $500,000 UnitedHealth 3.1% 420 0.01 4.75% 1/8/2022 15/3/2026 $100,000 University of Chicago/The 79 0.00 $300,000 UnitedHealth 3.125% 246 0.01 2.761% 1/4/2045 15/5/2060 $150,000 University of Chicago/The 142 0.01 $750,000 UnitedHealth 3.35% 592 0.02 4.003% 1/10/2053 15/7/2022 $200,000 University of Notre Dame du 177 0.01 $150,000 UnitedHealth 3.375% 115 0.00 Lac 3.394% 15/2/2048 15/11/2021 $200,000 University of Southern 160 0.01 $500,000 UnitedHealth 3.375% 426 0.01 California 2.805% 1/10/2050 15/4/2027 $600,000 University of Southern 495 0.02 $750,000 UnitedHealth 3.5% 617 0.02 California 3.028% 1/10/2039 15/2/2024 $250,000 Unum 4% 15/3/2024 202 0.01 $500,000 UnitedHealth 3.5% 434 0.02 $400,000 Unum 4% 15/6/2029 327 0.01 15/8/2039 $100,000 Unum 4.5% 15/12/2049 77 0.00 $500,000 UnitedHealth 3.75% 428 0.01 $100,000 Unum 5.75% 15/8/2042 85 0.00 15/7/2025 $500,000 Upjohn 1.125% 22/6/2022 377 0.01 $200,000 UnitedHealth 3.75% 179 0.01 $300,000 Upjohn 1.65% 22/6/2025 230 0.01 15/10/2047 $300,000 Upjohn 2.3% 22/6/2027 233 0.01 $500,000 UnitedHealth 3.85% 442 0.02 $500,000 Upjohn 2.7% 22/6/2030 389 0.01 15/6/2028 $500,000 Upjohn 3.85% 22/6/2040 406 0.01 $250,000 UnitedHealth 3.875% 223 0.01 $700,000 Upjohn 4% 22/6/2050 569 0.02 15/12/2028 $500,000 UPL 4.625% 16/6/2030 385 0.01 $400,000 UnitedHealth 3.875% 374 0.01 15/8/2059

319 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$400,000 US Bancorp 1.375% 296 0.01 $700,000 Valero Energy Partners LP 602 0.02 22/7/2030 4.5% 15/3/2028 $1,000,000 US Bancorp 1.45% 774 0.03 $300,000 Valmont Industries 5.25% 239 0.01 12/5/2025 1/10/2054 $750,000 US Bancorp 2.625% 578 0.02 $200,000 Vanke Real Estate Hong 159 0.01 24/1/2022 Kong 3.5% 12/11/2029 $400,000 US Bancorp 2.95% 313 0.01 $500,000 Vanke Real Estate Hong 409 0.01 15/7/2022 Kong 3.975% 9/11/2027Ø $250,000 US Bancorp 3% 15/3/2022 194 0.01 $300,000 Ventas Realty LP 2.65% 234 0.01 $500,000 US Bancorp 3.1% 418 0.01 15/1/2025 27/4/2026 $500,000 Ventas Realty LP 3.1% 388 0.01 $800,000 US Bancorp 3.15% 677 0.02 15/1/2023 27/4/2027 $400,000 Ventas Realty LP 3.5% 319 0.01 $500,000 US Bancorp 3.375% 408 0.01 15/4/2024 5/2/2024 $800,000 Ventas Realty LP 4% 647 0.02 $500,000 US Bancorp 3.6% 416 0.01 1/3/2028 11/9/2024 $500,000 Ventas Realty LP 4.125% 419 0.01 $350,000 US Bancorp 3.7% 289 0.01 15/1/2026 30/1/2024 $500,000 Ventas Realty LP 4.75% 427 0.01 $500,000 US Bank NA/Cincinnati OH 396 0.01 15/11/2030 2.05% 21/1/2025 $200,000 Ventas Realty LP 4.875% 165 0.01 $500,000 US Bank NA/Cincinnati OH 388 0.01 15/4/2049 2.65% 23/5/2022 $200,000 VEREIT Operating 150 0.01 $600,000 US Bank NA/Cincinnati OH 489 0.02 Partnership LP 3.1% 2.8% 27/1/2025 15/12/2029 $750,000 US Bank NA/Cincinnati OH 593 0.02 $300,000 VEREIT Operating 248 0.01 2.85% 23/1/2023 Partnership LP 4.625% $300,000 Vale 5.625% 11/9/2042 270 0.01 1/11/2025 $750,000 Vale Overseas 6.25% 666 0.02 $500,000 VEREIT Operating 417 0.01 10/8/2026Ø Partnership LP 4.875% 1/6/2026 $550,000 Vale Overseas 6.875% 546 0.02 21/11/2036 $300,000 Verisk Analytics 4% 257 0.01 15/6/2025 $275,000 Vale Overseas 6.875% 277 0.01 10/11/2039Ø $300,000 Verisk Analytics 4.125% 268 0.01 15/3/2029 $300,000 Vale Overseas 8.25% 322 0.01 17/1/2034 $300,000 Verisk Analytics 5.5% 316 0.01 15/6/2045 $300,000 Valero Energy 2.85% 240 0.01 15/4/2025 $500,000 Verizon Communications 387 0.01 2.45% 1/11/2022 $375,000 Valero Energy 3.4% 309 0.01 15/9/2026 $1,225,000 Verizon Communications 1,008 0.03 2.625% 15/8/2026 $250,000 Valero Energy 3.65% 205 0.01 15/3/2025 $500,000 Verizon Communications 388 0.01 2.946% 15/3/2022 $400,000 Valero Energy 4% 1/4/2029 336 0.01 $500,000 Verizon Communications 3% 417 0.01 $300,000 Valero Energy 4% 1/4/2029 252 0.01 22/3/2027 $200,000 Valero Energy 4.35% 170 0.01 $500,000 Verizon Communications 423 0.01 1/6/2028 3.15% 22/3/2030 $500,000 Valero Energy 4.9% 444 0.02 $715,000 Verizon Communications 598 0.02 15/3/2045 3.376% 15/2/2025 $500,000 Valero Energy Partners LP 430 0.01 $400,000 Verizon Communications 333 0.01 4.375% 15/12/2026 3.5% 1/11/2024

BlackRock Collective Investment Funds 320 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$150,000 Verizon Communications 134 0.00 $800,000 ViacomCBS 4.25% 1/9/2023 655 0.02 3.85% 1/11/2042 $500,000 ViacomCBS 4.375% 398 0.01 $400,000 Verizon Communications 354 0.01 15/3/2043Ø 3.875% 8/2/2029 $400,000 ViacomCBS 4.6% 15/1/2045 326 0.01 $1,100,000 Verizon Communications 4% 1,030 0.04 $500,000 ViacomCBS 4.75% 431 0.01 22/3/2050 15/5/2025 $300,000 Verizon Communications 269 0.01 $400,000 ViacomCBS 4.85% 1/7/2042 335 0.01 4.016% 3/12/2029 $500,000 ViacomCBS 4.95% 446 0.02 $1,000,000 Verizon Communications 898 0.03 15/1/2031 4.016% 3/12/2029 $300,000 ViacomCBS 4.95% 261 0.01 $1,000,000 Verizon Communications 884 0.03 19/5/2050 4.125% 16/3/2027 $200,000 ViacomCBS 5.25% 1/4/2044 174 0.01 $300,000 Verizon Communications 278 0.01 $500,000 ViacomCBS 5.85% 1/9/2043 467 0.02 4.125% 15/8/2046 $150,000 ViacomCBS 6.875% 153 0.01 $977,000 Verizon Communications 895 0.03 30/4/2036 4.272% 15/1/2036 $500,000 Vigorous Champion 395 0.01 $1,736,000 Verizon Communications 1,570 0.05 International 3.625% 4.329% 21/9/2028 28/5/2024 $750,000 Verizon Communications 698 0.02 $200,000 Vigorous Champion 160 0.01 4.4% 1/11/2034 International 4.375% $1,200,000 Verizon Communications 1,137 0.04 10/9/2023 4.5% 10/8/2033 $300,000 Vinci 3.75% 10/4/2029 266 0.01 $1,709,000 Verizon Communications 1,678 0.06 $200,000 Virginia Electric and Power 157 0.01 4.522% 15/9/2048 2.75% 15/3/2023 $700,000 Verizon Communications 719 0.02 $700,000 Virginia Electric and Power 587 0.02 4.672% 15/3/2055 2.875% 15/7/2029 $50,000 Verizon Communications 49 0.00 $100,000 Virginia Electric and Power 77 0.00 4.75% 1/11/2041 2.95% 15/1/2022 $250,000 Verizon Communications 247 0.01 $400,000 Virginia Electric and Power 349 0.01 4.812% 15/3/2039 3.3% 1/12/2049 $1,230,000 Verizon Communications 1,240 0.04 $400,000 Virginia Electric and Power 353 0.01 4.862% 21/8/2046 3.8% 1/4/2028 $100,000 Verizon Communications 104 0.00 $400,000 Virginia Electric and Power 391 0.01 5.012% 15/4/2049 4.45% 15/2/2044 $400,000 Verizon Communications 432 0.02 $300,000 Virginia Electric and Power 310 0.01 5.012% 21/8/2054 4.6% 1/12/2048 $1,000,000 Verizon Communications 850 0.03 $300,000 Virginia Electric and Power 299 0.01 5.15% 15/9/2023 4.65% 15/8/2043 $1,200,000 Verizon Communications 1,217 0.04 $250,000 Virginia Electric and Power 262 0.01 5.25% 16/3/2037 6% 15/1/2036 $350,000 Verizon Communications 383 0.01 $200,000 Virginia Electric and Power 224 0.01 5.5% 16/3/2047 6.35% 30/11/2037 $600,000 Verizon Communications 720 0.02 $300,000 Virginia Electric and Power 407 0.01 Ø 6.55% 15/9/2043 8.875% 15/11/2038 $500,000 VF 2.95% 23/4/2030 406 0.01 $200,000 Visa 0.75% 15/8/2027 149 0.01 $200,000 ViacomCBS 2.9% 15/1/2027 161 0.01 $400,000 Visa 1.1% 15/2/2031 292 0.01 $500,000 ViacomCBS 3.375% 386 0.01 $1,000,000 Visa 1.9% 15/4/2027 791 0.03 1/3/2022 $500,000 Visa 2% 15/8/2050 351 0.01 $400,000 ViacomCBS 3.7% 15/8/2024 328 0.01 $900,000 Visa 2.05% 15/4/2030 715 0.02 $500,000 ViacomCBS 4.2% 1/6/2029 429 0.01 $500,000 Visa 2.15% 15/9/2022 387 0.01 $500,000 ViacomCBS 4.2% 19/5/2032 425 0.01

321 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Visa 2.7% 15/4/2040 403 0.01 $400,000 Voya Financial 5.65% 312 0.01 $600,000 Visa 2.8% 14/12/2022 473 0.02 15/5/2053 $875,000 Visa 3.15% 14/12/2025 735 0.03 $300,000 Voyage Bonds 3.375% 232 0.01 $300,000 Visa 3.65% 15/9/2047 276 0.01 28/9/2022 $700,000 Visa 4.15% 14/12/2035 681 0.02 $125,000 Vulcan Materials 3.9% 105 0.00 1/4/2027 $950,000 Visa 4.3% 14/12/2045 944 0.03 $500,000 Vulcan Materials 4.5% 435 0.02 $400,000 Vistra Operations 3.55% 317 0.01 15/6/2047 15/7/2024 $200,000 W R Berkley 4.75% 1/8/2044 185 0.01 $500,000 Vistra Operations 4.3% 406 0.01 15/7/2029 $100,000 Wachovia 5.5% 1/8/2035 100 0.00 $750,000 VMware 2.95% 21/8/2022 584 0.02 $250,000 Walgreen 3.1% 15/9/2022 196 0.01 $300,000 VMware 3.9% 21/8/2027 249 0.01 $200,000 Walgreen 4.4% 15/9/2042 158 0.01 $500,000 VMware 4.65% 15/5/2027 436 0.02 $500,000 Walgreens Boots Alliance 396 0.01 3.2% 15/4/2030 $300,000 VMware 4.7% 15/5/2030 264 0.01 $400,000 Walgreens Boots Alliance 308 0.01 $400,000 Vodafone 2.5% 26/9/2022 311 0.01 3.3% 18/11/2021 $300,000 Vodafone 3.75% 16/1/2024 246 0.01 $500,000 Walgreens Boots Alliance 411 0.01 $575,000 Vodafone 4.125% 30/5/2025 493 0.02 3.45% 1/6/2026 $500,000 Vodafone 4.25% 17/9/2050 436 0.02 $1,000,000 Walgreens Boots Alliance 825 0.03 $1,000,000 Vodafone 4.375% 30/5/2028 894 0.03 3.8% 18/11/2024 $500,000 Vodafone 4.375% 19/2/2043 439 0.02 $300,000 Walgreens Boots Alliance 225 0.01 $300,000 Vodafone 4.875% 19/6/2049 281 0.01 4.1% 15/4/2050 $400,000 Vodafone 4.875% 19/6/2049 374 0.01 $100,000 Walgreens Boots Alliance 86 0.00 $300,000 Vodafone 5% 30/5/2038 282 0.01 4.5% 18/11/2034 $200,000 Vodafone 5.125% 19/6/2059 188 0.01 $450,000 Walgreens Boots Alliance 361 0.01 $900,000 Vodafone 5.25% 30/5/2048 882 0.03 4.65% 1/6/2046 $500,000 Vodafone 6.15% 27/2/2037 527 0.02 $300,000 Walgreens Boots Alliance 247 0.01 $400,000 Vodafone 7.875% 15/2/2030 437 0.02 4.8% 18/11/2044 $500,000 Volkswagen of America 388 0.01 $500,000 Walmart 2.35% 15/12/2022 391 0.01 Finance 2.7% 26/9/2022 $300,000 Walmart 2.375% 24/9/2029 246 0.01 $500,000 Volkswagen of America 387 0.01 $600,000 Walmart 2.55% 11/4/2023 473 0.02 Finance 2.9% 13/5/2022 $300,000 Walmart 2.65% 15/12/2024 243 0.01 $500,000 Volkswagen of America 396 0.01 $500,000 Walmart 2.85% 8/7/2024 406 0.01 Finance 3.125% 12/5/2023 $300,000 Walmart 2.95% 24/9/2049 249 0.01 $800,000 Volkswagen of America 657 0.02 $500,000 Walmart 3.05% 8/7/2026 421 0.01 Finance 3.35% 13/5/2025 $300,000 Walmart 3.25% 8/7/2029 262 0.01 $600,000 Volkswagen of America 496 0.02 $100,000 Walmart 3.25% 8/7/2029 87 0.00 Finance 4.25% 13/11/2023 $600,000 Walmart 3.3% 22/4/2024 490 0.02 $1,000,000 Volkswagen of America 874 0.03 $950,000 Walmart 3.4% 26/6/2023 769 0.03 Finance 4.625% 13/11/2025 $500,000 Walmart 3.55% 26/6/2025 426 0.01 $300,000 Volkswagen of America 271 0.01 $300,000 Walmart 3.625% 15/12/2047 276 0.01 Finance 4.75% 13/11/2028 $900,000 Walmart 3.7% 26/6/2028 796 0.03 $500,000 Vornado Realty LP 3.5% 388 0.01 15/1/2025 $1,400,000 Walmart 3.95% 28/6/2038 1,307 0.05 $200,000 Votorantim Cimentos 190 0.01 $400,000 Walmart 4% 11/4/2043 375 0.01 International 7.25% $1,000,000 Walmart 4.05% 29/6/2048 970 0.03 5/4/2041Ø $250,000 Walmart 4.875% 8/7/2040 255 0.01 $350,000 Voya Financial 4.7% 263 0.01 $300,000 Walmart 5% 25/10/2040 316 0.01 23/1/2048 $900,000 Walmart 5.25% 1/9/2035 971 0.03 $200,000 Voya Financial 4.8% 183 0.01 $400,000 Walmart 5.875% 5/4/2027 390 0.01 15/6/2046

BlackRock Collective Investment Funds 322 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Walt Disney 1.65% 1/9/2022 383 0.01 $250,000 Waste Management 4.6% 189 0.01 $700,000 Walt Disney 1.75% 544 0.02 1/3/2021 30/8/2024 $900,000 WEA Finance 2.875% 669 0.02 $500,000 Walt Disney 1.75% 389 0.01 15/1/2027 13/1/2026 $400,000 WEA Finance 3.5% 300 0.01 $500,000 Walt Disney 2% 1/9/2029 389 0.01 15/6/2029 $1,000,000 Walt Disney 2.65% 809 0.03 $600,000 WEA Finance / Westfield UK 469 0.02 13/1/2031 & Europe Finance 3.75% $250,000 Walt Disney 2.75% 1/9/2049 184 0.01 17/9/2024 $500,000 Walt Disney 3% 15/9/2022 393 0.01 $200,000 WEA Finance / Westfield UK 152 0.01 & Europe Finance 4.75% $500,000 Walt Disney 3.35% 416 0.01 17/9/2044 24/3/2025 $300,000 WEC Energy 3.55% 252 0.01 $800,000 Walt Disney 3.5% 13/5/2040 670 0.02 15/6/2025 $1,000,000 Walt Disney 3.6% 13/1/2051 852 0.03 $300,000 Weibo 3.375% 8/7/2030 234 0.01 $600,000 Walt Disney 3.8% 22/3/2030 534 0.02 $500,000 Weibo 3.5% 5/7/2024 396 0.01 $500,000 Walt Disney 3.8% 13/5/2060 439 0.02 $500,000 Weichai International Hong 378 0.01 $300,000 Walt Disney 4.625% 285 0.01 Kong Energy 3.75% 23/3/2040 Perpetual 14/3/2169 $800,000 Walt Disney 4.7% 23/3/2050 794 0.03 $1,000,000 Wells Fargo 3.069% 773 0.03 $300,000 Walt Disney 4.75% 285 0.01 24/1/2023 15/9/2044 $1,500,000 Wells Fargo 3.75% 1,224 0.04 $100,000 Walt Disney 4.95% 99 0.00 24/1/2024 15/10/2045 $750,000 Wells Fargo 2.625% 583 0.02 $300,000 Walt Disney 5.4% 1/10/2043 310 0.01 22/7/2022 $500,000 Walt Disney 6.15% 1/3/2037 533 0.02 $1,800,000 Wells Fargo & 1.654% 1,375 0.05 $450,000 Walt Disney 6.2% 494 0.02 2/6/2024 15/12/2034 $1,000,000 Wells Fargo & 2.164% 779 0.03 $400,000 Walt Disney 6.55% 440 0.02 11/2/2026 15/3/2033 $1,000,000 Wells Fargo & 2.164% 779 0.03 $500,000 Walt Disney 6.65% 567 0.02 11/2/2026 15/11/2037 $1,000,000 Wells Fargo & 2.188% 780 0.03 $150,000 Walt Disney 6.9% 15/8/2039 174 0.01 30/4/2026 $200,000 Washington Gas Light 166 0.01 $1,500,000 Wells Fargo & 2.393% 1,170 0.04 3.796% 15/9/2046 2/6/2028 $200,000 Waste Connections 2.6% 160 0.01 $900,000 Wells Fargo & 2.406% 708 0.02 1/2/2030 30/10/2025 $150,000 Waste Connections 3.05% 116 0.00 $1,500,000 Wells Fargo & 2.572% 1,183 0.04 1/4/2050 11/2/2031 $400,000 Waste Connections 3.5% 341 0.01 $1,200,000 Wells Fargo & 2.879% 965 0.03 1/5/2029 30/10/2030 $400,000 Waste Management 2.9% 312 0.01 $500,000 Wells Fargo & 3% 19/2/2025 405 0.01 15/9/2022 $700,000 Wells Fargo & 3% 22/4/2026 573 0.02 $250,000 Waste Management 3.5% 204 0.01 $1,000,000 Wells Fargo & 3% 823 0.03 15/5/2024 23/10/2026 $75,000 Waste Management 3.9% 67 0.00 $1,300,000 Wells Fargo & 3.068% 1,028 0.04 1/3/2035 30/4/2041 $250,000 Waste Management 4.1% 228 0.01 $1,000,000 Wells Fargo & 3.196% 817 0.03 1/3/2045 17/6/2027 $350,000 Waste Management 4.15% 329 0.01 $800,000 Wells Fargo & 3.3% 655 0.02 15/7/2049 9/9/2024

323 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Wells Fargo & 3.45% 397 0.01 $300,000 Western & Southern Life 286 0.01 13/2/2023 Insurance 5.15% 15/1/2049 $750,000 Wells Fargo & 3.55% 627 0.02 $600,000 Western Union 2.85% 475 0.02 29/9/2025 10/1/2025 $1,000,000 Wells Fargo & 3.584% 838 0.03 $400,000 Western Union 3.6% 311 0.01 22/5/2028 15/3/2022 $550,000 Wells Fargo & 3.9% 484 0.02 $1,000,000 Westinghouse Air Brake 812 0.03 1/5/2045 Technologies 4.4% $600,000 Wells Fargo & 4.1% 507 0.02 15/3/2024 3/6/2026 $400,000 Westinghouse Air Brake 344 0.01 $500,000 Wells Fargo & 4.125% 409 0.01 Technologies 4.95% 15/8/2023 15/9/2028 $200,000 Wells Fargo & 4.15% 176 0.01 $200,000 Westlake Chemical 3.6% 163 0.01 24/1/2029 15/8/2026 $300,000 Wells Fargo & 4.15% 264 0.01 $300,000 Westlake Chemical 3.6% 245 0.01 24/1/2029 15/8/2026 $1,000,000 Wells Fargo & 4.3% 861 0.03 $250,000 Westlake Chemical 5% 214 0.01 22/7/2027 15/8/2046 $450,000 Wells Fargo & 4.4% 402 0.01 $300,000 Westpac Banking 2% 232 0.01 14/6/2046 13/1/2023 $1,200,000 Wells Fargo & 4.478% 1,093 0.04 $900,000 Westpac Banking 2.35% 721 0.03 4/4/2031 19/2/2025 $258,000 Wells Fargo & 4.48% 215 0.01 $1,000,000 Westpac Banking 2.5% 777 0.03 16/1/2024 28/6/2022 $500,000 Wells Fargo & 4.65% 455 0.02 $300,000 Westpac Banking 2.65% 249 0.01 4/11/2044 16/1/2030 $900,000 Wells Fargo & 4.75% 851 0.03 $500,000 Westpac Banking 2.7% 413 0.01 7/12/2046Ø 19/8/2026 $800,000 Wells Fargo & 4.9% 759 0.03 $600,000 Westpac Banking 2.85% 498 0.02 17/11/2045 13/5/2026 $1,900,000 Wells Fargo & 5.013% 1,937 0.07 $500,000 Westpac Banking 2.894% 387 0.01 4/4/2051 4/2/2030 $450,000 Wells Fargo & 5.375% 450 0.02 $650,000 Westpac Banking 3.3% 529 0.02 2/11/2043 26/2/2024 $1,100,000 Wells Fargo & 5.606% 1,119 0.04 $500,000 Westpac Banking 3.35% 429 0.01 15/1/2044 8/3/2027 $600,000 Wells Fargo Bank NA 455 0.02 $500,000 Westpac Banking 3.65% 405 0.01 2.082% 9/9/2022 15/5/2023 $1,000,000 Wells Fargo Bank NA 3.55% 812 0.03 $500,000 Westpac Banking 4.11% 422 0.01 14/8/2023 24/7/2034 $500,000 Wells Fargo Bank NA 387 0.01 $250,000 Westpac Banking 4.322% 213 0.01 3.625% 22/10/2021 23/11/2031 $250,000 Wells Fargo Bank NA 5.85% 255 0.01 $500,000 Westpac Banking 4.322% 426 0.01 Ø 1/2/2037 23/11/2031 $400,000 Wells Fargo Bank NA 6.6% 443 0.02 $300,000 Westpac Banking 4.421% 277 0.01 15/1/2038 24/7/2039 $500,000 Welltower 2.7% 15/2/2027 397 0.01 $200,000 WestRock MWV 8.2% 213 0.01 $900,000 Welltower 4% 1/6/2025 757 0.03 15/1/2030 $400,000 Welltower 4.125% 15/3/2029 336 0.01 $700,000 Weyerhaeuser 4% 601 0.02 $300,000 Welltower 4.95% 1/9/2048 271 0.01 15/11/2029

BlackRock Collective Investment Funds 324 iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Weyerhaeuser 4% 435 0.02 $150,000 Wisconsin Public Service 125 0.00 15/4/2030 3.3% 1/9/2049 $375,000 Weyerhaeuser 7.375% 407 0.01 $250,000 Woodside Finance 3.7% 201 0.01 15/3/2032 15/9/2026 $300,000 Wharf REIC Finance BVI 235 0.01 $200,000 Woodside Finance 3.7% 158 0.01 2.875% 7/5/2030 15/3/2028 $300,000 Wharf REIC Finance BVI 245 0.01 $700,000 Woodside Finance 4.5% 593 0.02 3.5% 17/1/2028 4/3/2029 $250,000 Whirlpool 4% 1/3/2024 204 0.01 $100,000 Woodside Finance 4.6% 76 0.00 $100,000 Whirlpool 4.5% 1/6/2046 88 0.00 10/5/2021 $200,000 Whirlpool 4.6% 15/5/2050 185 0.01 $250,000 Woori Bank 5.125% 220 0.01 $300,000 Whirlpool 4.75% 26/2/2029 274 0.01 6/8/2028 $600,000 Williams Cos 3.5% 495 0.02 $325,000 WP Carey 3.85% 15/7/2029 261 0.01 15/11/2030 $200,000 WP Carey 4.6% 1/4/2024 164 0.01 $500,000 Williams Cos 3.6% 388 0.01 $500,000 WPP Finance 2010 3.625% 392 0.01 15/3/2022 7/9/2022 $500,000 Williams Cos 3.7% 396 0.01 $300,000 WRKCo 3% 15/9/2024 242 0.01 15/1/2023 $500,000 WRKCo 3.375% 15/9/2027 412 0.01 $500,000 Williams Cos 3.75% 413 0.01 $400,000 WRKCo 3.75% 15/3/2025 336 0.01 15/6/2027 $300,000 WRKCo 3.9% 1/6/2028 256 0.01 $1,300,000 Williams Cos 4% 15/9/2025 1,086 0.04 $500,000 WRKCo 4.9% 15/3/2029 460 0.02 $600,000 Williams Cos 4.85% 521 0.02 $500,000 Wuhan Metro 2.96% 388 0.01 1/3/2048 24/9/2024 $350,000 Williams Cos 4.9% 295 0.01 $300,000 WW Grainger 4.2% 273 0.01 15/1/2045 15/5/2047 $300,000 Williams Cos 5.8% 267 0.01 $250,000 WW Grainger 4.6% 241 0.01 15/11/2043 15/6/2045 $150,000 Williams Cos 6.3% 141 0.00 $400,000 Wyeth 5.95% 1/4/2037 443 0.02 15/4/2040 $200,000 Wyeth 6% 15/2/2036 217 0.01 $400,000 Williams Cos 8.75% 431 0.01 $300,000 Wyeth 6.45% 1/2/2024 268 0.01 15/3/2032 $1,000,000 Xcel Energy 2.6% 1/12/2029 808 0.03 $500,000 Willis North America 2.95% 405 0.01 $200,000 Xcel Energy 3.35% 170 0.01 15/9/2029 1/12/2026 $300,000 Willis North America 3.875% 259 0.01 $500,000 Xcel Energy 3.4% 1/6/2030 431 0.01 15/9/2049 $150,000 Xcel Energy 6.5% 1/7/2036 165 0.01 $500,000 Willis North America 4.5% 445 0.02 $500,000 Xiaomi Best Time 396 0.01 15/9/2028 International 3.375% $300,000 Willis Towers Watson 5.75% 230 0.01 29/4/2030 15/3/2021 $500,000 Xilinx 2.375% 1/6/2030 399 0.01 $300,000 Wisconsin Electric Power 229 0.01 $500,000 Xingsheng BVI 4.5% 384 0.01 2.95% 15/9/2021 20/9/2021 $150,000 Wisconsin Electric Power 142 0.01 $250,000 XLIT 5.5% 31/3/2045 256 0.01 4.3% 15/10/2048 $600,000 Xylem Inc/NY 1.95% 468 0.02 $200,000 Wisconsin Electric Power 212 0.01 30/1/2028 5.7% 1/12/2036 $75,000 Xylem Inc/NY 3.25% 63 0.00 $300,000 Wisconsin Power and Light 254 0.01 1/11/2026 3% 1/7/2029 $200,000 Xylem Inc/NY 4.375% 174 0.01 $200,000 Wisconsin Power and Light 177 0.01 1/11/2046 3.65% 1/4/2050 $300,000 Yale University 0.873% 227 0.01 $150,000 Wisconsin Power and Light 168 0.01 15/4/2025 6.375% 15/8/2037

325 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$500,000 Yale-New Haven Health 367 0.01 $100,000 Zoetis 3.25% 1/2/2023 79 0.00 Services 2.496% 1/7/2050 $300,000 Zoetis 3.95% 12/9/2047 278 0.01 $200,000 Yara International 3.8% 166 0.01 $275,000 Zoetis 4.5% 13/11/2025 242 0.01 6/6/2026 $350,000 Zoetis 4.7% 1/2/2043 347 0.01 $400,000 Yara International 4.75% 349 0.01 1/6/2028 1,986,274 68.56 $500,000 Zimmer Biomet 3.05% 411 0.01 CERTIFICATE OF DEPOSITS − 0.00%; 29.2.2020 0.01% 15/1/2026 $300,000 Zimmer Biomet 3.55% 249 0.01 Portfolio of investments 2,838,568 97.98 1/4/2025 Net other assets 58,631 2.02 $500,000 Zimmer Biomet 3.55% 417 0.01 20/3/2030 Total net assets 2,897,199 100.00 $300,000 Zimmer Biomet 4.45% 250 0.01 15/8/2045 Unless otherwise stated, all securities are either listed on a recognised exchange or traded on an eligible securities market. $300,000 Zions Bancorp NA 3.25% 223 0.01 Ø All or a portion of this investment represents a security on loan. 29/10/2029 ‡ Related party to the Fund. $500,000 Zoetis 2% 15/5/2030 389 0.01 $500,000 Zoetis 3% 12/9/2027 417 0.01

BlackRock Collective Investment Funds 326 iShares Overseas Corporate Bond Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital (losses)/gains (48,587) 285,086 Revenue 35,259 28,874 Expenses (1,462) (1,168) Interest payable and similar charges (46) (11) Net revenue before taxation 33,751 27,695 Taxation 13 (1) Net revenue after taxation 33,764 27,694 Total return before distributions (14,823) 312,780 Distributions (33,764) (27,694) Change in net assets attributable to unitholders from investment activities (48,587) 285,086

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 2,416,037 1,573,661 Amounts receivable on issue of units 1,024,712 538,834 Amounts payable on cancellation of units (531,591) (188,881) 493,121 349,953 Change in net assets attributable to unitholders from investment activities (48,587) 285,086 Retained distribution on accumulation units 36,628 29,834 Closing net assets attributable to unitholders 2,897,199 2,238,534 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

327 BlackRock Collective Investment Funds iShares Overseas Corporate Bond Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 2,838,568 2,376,054 Current assets − Debtors 120,097 38,738 − Cash and bank balances 28,794 23,987 Total assets 2,987,459 2,438,779

Liabilities: Creditors − Distributions payable (903) (812) − Other creditors (89,357) (21,930) Total liabilities (90,260) (22,742) Net assets attributable to unitholders 2,897,199 2,416,037

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 328 iShares Overseas Government Bond Index Fund (UK)

About the Fund

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Accumulation 1 2 3 4 567 L Accumulation 1 2 3 4 567 X Income 1 2 3 4 567 X Accumulation 1 2 3 4 567 D Accumulation 1 2 3 4 567 H Accumulation 1 2 3 4 567

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

329 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 116,663 161 138.3 L Accumulation 291,798,346 413,809 141.8 X Income 27,361,159 29,687 108.5 X Accumulation 811,966,785 1,119,901 137.9 D Accumulation 95,737,671 135,728 141.8 H Accumulation 42,923,433 60,722 141.5

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 0.4945 L Accumulation 0.7318 X Income 0.6778 X Accumulation 0.8560 D Accumulation 0.8059 H Accumulation 0.8043

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.52% 0.51% L Accumulation 0.22% 0.21% X Income 0.02% 0.01% X Accumulation 0.02% 0.01% D Accumulation 0.10% 0.12% H Accumulation 0.10% 0.12% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

BlackRock Collective Investment Funds 330 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

BONDS − 99.26%; 29.2.2020 99.11% AU$1,305,000 Australia Government Bond 1,003 0.06 4.5% 21/4/2033 Australian Dollar Denominated Government AU$1,835,000 Australia Government Bond 1,281 0.07 Bonds − 1.90%; 29.2.2020 1.49% 4.75% 21/4/2027 AU$2,510,000 Australia Government 1,379 0.08 AU$2,700,000 Australia Government Bond 1,696 0.10 Bond 0.25% 21/11/2024 5.5% 21/4/2023 AU$1,530,000 Australia Government 833 0.05 AU$2,335,000 Australia Government Bond 1,421 0.08 Bond 0.25% 21/11/2025 5.75% 15/7/2022 AU$2,230,000 Australia Government 1,228 0.07 Bond 1% 21/12/2030 33,393 1.90 AU$1,460,000 Australia Government 817 0.05 Canadian Dollar Denominated Government Bond 1.25% 21/5/2032 Bonds − 1.66%; 29.2.2020 1.34% AU$1,910,000 Australia Government 1,100 0.06 CA$750,000 Canadian Government Bond 430 0.02 Bond 1.5% 21/6/2031 0.25% 1/8/2022 AU$1,450,000 Australia Government 768 0.04 CA$1,480,000 Canadian Government Bond 852 0.05 Bond 1.75% 21/6/2051 0.5% 1/3/2022 AU$1,635,000 Australia Government 924 0.05 CA$2,580,000 Canadian Government Bond 1,488 0.08 Bond 2% 21/12/2021 0.5% 1/9/2025 AU$1,900,000 Australia Government 1,095 0.06 CA$2,645,000 Canadian Government Bond 1,523 0.09 Bond 2.25% 21/11/2022 0.75% 1/9/2021 AU$3,955,000 Australia Government 2,417 0.14 CA$1,540,000 Canadian Government Bond 896 0.05 Bond 2.25% 21/5/2028 1% 1/9/2022 AU$3,010,000 Australia Government 1,892 0.11 CA$290,000 Canadian Government Bond 172 0.01 Bond 2.5% 21/5/2030 1% 1/6/2027 AU$2,015,000 Australia Government 1,211 0.07 CA$500,000 Canadian Government Bond 290 0.02 Bond 2.75% 21/4/2024 1.25% 1/11/2021 AU$965,000 Australia Government 580 0.03 CA$2,290,000 Canadian Government Bond 1,364 0.08 Bond 2.75% 21/4/2024 1.25% 1/3/2025 AU$2,430,000 Australia Government 1,530 0.09 CA$3,090,000 Canadian Government Bond 1,874 0.11 Bond 2.75% 21/11/2027 1.25% 1/6/2030 AU$2,480,000 Australia Government 1,572 0.09 CA$10,000 Canadian Government Bond 60.00 Bond 2.75% 21/11/2028 1.5% 1/8/2021 AU$2,550,000 Australia Government 1,628 0.09 CA$1,540,000 Canadian Government Bond 898 0.05 Bond 2.75% 21/11/2029 1.5% 1/2/2022 AU$665,000 Australia Government 437 0.02 CA$1,730,000 Canadian Government Bond 1,012 0.06 Bond 2.75% 21/6/2035 1.5% 1/5/2022 AU$600,000 Australia Government 391 0.02 CA$480,000 Canadian Government Bond 285 0.02 Bond 2.75% 21/5/2041 1.5% 1/6/2023 AU$1,220,000 Australia Government 841 0.05 CA$1,660,000 Canadian Government Bond 996 0.06 Bond 3% 21/3/2047 1.5% 1/9/2024 AU$3,270,000 Australia Government 2,039 0.12 CA$860,000 Canadian Government Bond 524 0.03 Bond 3.25% 21/4/2025 1.5% 1/6/2026 AU$2,900,000 Australia Government 1,909 0.11 CA$2,000,000 Canadian Government Bond 1,189 0.07 Bond 3.25% 21/4/2029 1.75% 1/3/2023 AU$820,000 Australia Government 572 0.03 CA$1,570,000 Canadian Government Bond 1,002 0.06 Bond 3.25% 21/6/2039 2% 1/6/2028 AU$1,210,000 Australia Government 892 0.05 CA$1,920,000 Canadian Government Bond 1,339 0.08 Bond 3.75% 21/4/2037 2% 1/12/2051 AU$2,910,000 Australia Government 1,937 0.11 CA$430,000 Canadian Government Bond 263 0.01 Bond 4.25% 21/4/2026 2.25% 1/3/2024

331 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

CA$730,000 Canadian Government Bond 456 0.03 kr 251,000 Denmark Government Bond 40 0.00 2.25% 1/6/2025 7% 10/11/2024 CA$1,400,000 Canadian Government Bond 918 0.05 7,226 0.41 2.25% 1/6/2029 CA$4,640,000 Canadian Government Bond 2,879 0.16 Euro Denominated Government 2.5% 1/6/2024 Bonds − 28.66%; 29.2.2020 27.82% CA$1,910,000 Canadian Government Bond 1,143 0.06 €430,000 Bundesobligation 0% 387 0.02 2.75% 1/6/2022 8/10/2021 CA$1,075,000 Canadian Government Bond 852 0.05 €2,561,000 Bundesobligation 0% 2,311 0.13 2.75% 1/12/2048 8/4/2022 CA$430,000 Canadian Government Bond 380 0.02 €725,000 Bundesobligation 0% 657 0.04 2.75% 1/12/2064 7/10/2022 CA$1,300,000 Canadian Government Bond 1,132 0.06 €1,484,000 Bundesobligation 0% 1,349 0.08 3.5% 1/12/2045 14/4/2023 CA$1,080,000 Canadian Government Bond 958 0.05 €1,150,000 Bundesobligation 0% 1,049 0.06 4% 1/6/2041 13/10/2023 CA$1,218,000 Canadian Government Bond 1,140 0.06 €950,000 Bundesobligation 0% 872 0.05 5% 1/6/2037 18/10/2024 CA$1,440,000 Canadian Government Bond 1,189 0.07 €440,000 Bundesobligation 0% 405 0.02 5.75% 1/6/2029 11/4/2025 CA$670,000 Canadian Government Bond 617 0.03 €500,000 Bundesobligation 0% 461 0.03 5.75% 1/6/2033 10/10/2025 CA$650,000 Canadian Government Bond 451 0.03 €2,610,000 Bundesrepublik Deutschland 2,420 0.14 8% 1/6/2023 Bundesanleihe 0% CA$180,000 Canadian Government Bond 155 0.01 15/8/2026Ø 8% 1/6/2027 €290,000 Bundesrepublik Deutschland 269 0.02 CA$610,000 Canadian Government Bond 492 0.03 Bundesanleihe 0% 9% 1/6/2025 15/11/2027 €1,670,000 Bundesrepublik Deutschland 1,556 0.09 29,165 1.66 Bundesanleihe 0% Danish Krone Denominated Government 15/8/2029 Bonds − 0.41%; 29.2.2020 0.39% €2,230,000 Bundesrepublik Deutschland 2,076 0.12 kr 3,960,000 Denmark Government Bond 484 0.03 Bundesanleihe 0% Ø 0.25% 15/11/2022 15/2/2030 € kr 1,660,000 Denmark Government Bond 202 0.01 900,000 Bundesrepublik Deutschland 837 0.05 0.25% 15/11/2052 Bundesanleihe 0% Ø kr 10,272,000 Denmark Government Bond 1,312 0.07 15/8/2030 € 0.5% 15/11/2027 1,350,000 Bundesrepublik Deutschland 1,237 0.07 kr 7,880,000 Denmark Government Bond 1,016 0.06 Bundesanleihe 0% 0.5% 15/11/2029 15/5/2035 € kr 5,620,000 Denmark Government Bond 719 0.04 1,400,000 Bundesrepublik Deutschland 1,226 0.07 1.5% 15/11/2023 Bundesanleihe 0% 15/8/2050Ø kr 2,400,000 Denmark Government Bond 322 0.02 € 1.75% 15/11/2025 2,060,000 Bundesrepublik Deutschland 1,944 0.11 Bundesanleihe 0.25% kr 3,800,000 Denmark Government Bond 476 0.03 15/2/2027 3% 15/11/2021 €1,900,000 Bundesrepublik Deutschland 1,805 0.10 kr 11,900,000 Denmark Government Bond 2,655 0.15 Bundesanleihe 0.25% 4.5% 15/11/2039 15/8/2028Ø

BlackRock Collective Investment Funds 332 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€1,630,000 Bundesrepublik Deutschland 1,551 0.09 €2,590,000 Bundesrepublik Deutschland 3,817 0.22 Bundesanleihe 0.25% Bundesanleihe 2.5% 15/2/2029Ø 15/8/2046 €3,470,000 Bundesrepublik Deutschland 3,264 0.19 €1,310,000 Bundesrepublik Deutschland 2,034 0.12 Bundesanleihe 0.5% Bundesanleihe 3.25% 15/2/2025Ø 4/7/2042Ø €2,430,000 Bundesrepublik Deutschland 2,308 0.13 €2,140,000 Bundesrepublik Deutschland 3,248 0.18 Bundesanleihe 0.5% Bundesanleihe 4% 4/1/2037 Ø 15/2/2026 €1,200,000 Bundesrepublik Deutschland 1,975 0.11 €1,856,000 Bundesrepublik Deutschland 1,785 0.10 Bundesanleihe 4.25% Bundesanleihe 0.5% 4/7/2039Ø 15/8/2027 €1,445,000 Bundesrepublik Deutschland 1,839 0.10 €2,524,000 Bundesrepublik Deutschland 2,436 0.14 Bundesanleihe 4.75% Bundesanleihe 0.5% 4/7/2028 15/2/2028 €1,780,000 Bundesrepublik Deutschland 2,726 0.15 €1,726,000 Bundesrepublik Deutschland 1,645 0.09 Bundesanleihe 4.75% Bundesanleihe 1% 4/7/2034 Ø 15/8/2024 €1,560,000 Bundesrepublik Deutschland 2,764 0.16 €2,765,000 Bundesrepublik Deutschland 2,676 0.15 Bundesanleihe 4.75% Bundesanleihe 1% 4/7/2040 15/8/2025 €1,689,000 Bundesrepublik Deutschland 2,456 0.14 €2,160,000 Bundesrepublik Deutschland 2,581 0.15 Bundesanleihe 5.5% Bundesanleihe 1.25% 4/1/2031 15/8/2048 €1,478,000 Bundesrepublik Deutschland 1,934 0.11 €1,840,000 Bundesrepublik Deutschland 1,716 0.10 Bundesanleihe 5.625% Bundesanleihe 1.5% 4/1/2028 4/9/2022 €1,459,000 Bundesrepublik Deutschland 1,609 0.09 €2,396,000 Bundesrepublik Deutschland 2,256 0.13 Bundesanleihe 6.25% Bundesanleihe 1.5% 4/1/2024Ø Ø 15/2/2023 €1,050,000 Bundesrepublik Deutschland 1,543 0.09 €1,520,000 Bundesrepublik Deutschland 1,439 0.08 Bundesanleihe 6.25% Bundesanleihe 1.5% 4/1/2030 15/5/2023 €1,880,000 Bundesrepublik Deutschland 2,512 0.14 €2,041,000 Bundesrepublik Deutschland 1,972 0.11 Bundesanleihe 6.5% Bundesanleihe 1.5% 4/7/2027 15/5/2024 €1,130,000 Bundesschatzanweisungen 1,018 0.06 €2,261,000 Bundesrepublik Deutschland 2,110 0.12 0% 10/12/2021 Bundesanleihe 1.75% €1,060,000 Bundesschatzanweisungen 956 0.05 4/7/2022 0% 11/3/2022 €1,976,000 Bundesrepublik Deutschland 1,916 0.11 €200,000 Bundesschatzanweisungen 181 0.01 Bundesanleihe 1.75% 0% 10/6/2022 Ø 15/2/2024 €800,000 Bundesschatzanweisungen 724 0.04 €2,740,000 Bundesrepublik Deutschland 2,537 0.14 0% 16/9/2022 Bundesanleihe 2% 4/1/2022 €1,460,000 French Republic 1,316 0.07 €2,170,000 Bundesrepublik Deutschland 2,094 0.12 Government Bond OAT 0% Bundesanleihe 2% 25/2/2022 15/8/2023 €4,620,000 French Republic 4,169 0.24 €2,590,000 Bundesrepublik Deutschland 3,725 0.21 Government Bond OAT 0% Bundesanleihe 2.5% 25/5/2022 4/7/2044 €1,190,000 French Republic 1,079 0.06 Government Bond OAT 0% 25/3/2023

333 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€3,130,000 French Republic 2,851 0.16 €3,010,000 French Republic 3,129 0.18 Government Bond OAT 0% Government Bond OAT 25/3/2024 1.25% 25/5/2036 €3,350,000 French Republic 3,063 0.17 €4,100,000 French Republic 4,288 0.24 Government Bond OAT 0% Government Bond OAT 1.5% 25/3/2025Ø 25/5/2031 €790,000 French Republic 723 0.04 €2,280,000 French Republic 2,552 0.15 Government Bond OAT 0% Government Bond OAT 1.5% 25/2/2026 25/5/2050 €2,880,000 French Republic 2,614 0.15 €3,200,000 French Republic 3,044 0.17 Government Bond OAT 0% Government Bond OAT 25/11/2029 1.75% 25/5/2023 €980,000 French Republic 889 0.05 €3,760,000 French Republic 3,688 0.21 Government Bond OAT 0% Government Bond OAT 25/11/2029 1.75% 25/11/2024 €1,060,000 French Republic 956 0.05 €2,500,000 French Republic 2,834 0.16 Government Bond OAT 0% Government Bond OAT 25/11/2030 1.75% 25/6/2039 €3,220,000 French Republic 2,994 0.17 €1,180,000 French Republic 1,497 0.09 Government Bond OAT Government Bond OAT 0.25% 25/11/2026 1.75% 25/5/2066 €3,915,000 French Republic 3,667 0.21 €2,590,000 French Republic 3,193 0.18 Government Bond OAT 0.5% Government Bond OAT 2% 25/5/2025 25/5/2048 €3,280,000 French Republic 3,091 0.18 €4,620,000 French Republic 4,381 0.25 Government Bond OAT 0.5% Government Bond OAT 25/5/2026 2.25% 25/10/2022 €2,940,000 French Republic 2,794 0.16 €4,650,000 French Republic 4,594 0.26 Government Bond OAT 0.5% Government Bond OAT 25/5/2029Ø 2.25% 25/5/2024 €680,000 French Republic 624 0.04 €4,350,000 French Republic 4,898 0.28 Government Bond OAT 0.5% Government Bond OAT 2.5% 25/5/2040 25/5/2030 €4,020,000 French Republic 3,883 0.22 €4,100,000 French Republic 4,490 0.26 Government Bond OAT Government Bond OAT 0.75% 25/5/2028 2.75% 25/10/2027 €3,620,000 French Republic 3,510 0.20 €4,100,000 French Republic 3,880 0.22 Government Bond OAT Government Bond OAT 3% 0.75% 25/11/2028 25/4/2022 €1,260,000 French Republic 1,167 0.07 €3,340,000 French Republic 3,115 0.18 Government Bond OAT Government Bond OAT 0.75% 25/5/2052 3.25% 25/10/2021Ø €3,000,000 French Republic 2,891 0.16 €2,230,000 French Republic 3,294 0.19 Government Bond OAT 1% Government Bond OAT 25/11/2025 3.25% 25/5/2045 €3,280,000 French Republic 3,202 0.18 €3,760,000 French Republic 4,123 0.23 Government Bond OAT 1% Government Bond OAT 3.5% 25/5/2027 25/4/2026 €3,110,000 French Republic 3,219 0.18 €2,341,000 French Republic 3,494 0.20 Government Bond OAT Government Bond OAT 4% 1.25% 25/5/2034 25/10/2038

BlackRock Collective Investment Funds 334 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€89,000 French Republic 133 0.01 €1,280,000 Italy Buoni Poliennali Del 1,169 0.07 Government Bond OAT 4% Tesoro 0.95% 1/3/2023 25/10/2038 €1,450,000 Italy Buoni Poliennali Del 1,325 0.08 €1,610,000 French Republic 2,955 0.17 Tesoro 0.95% 15/3/2023 Government Bond OAT 4% €300,000 Italy Buoni Poliennali Del 270 0.02 25/4/2055 Tesoro 0.95% 15/9/2027 €1,380,000 French Republic 2,669 0.15 €1,380,000 Italy Buoni Poliennali Del 1,223 0.07 Government Bond OAT 4% Tesoro 0.95% 1/8/2030 25/4/2060 €1,060,000 Italy Buoni Poliennali Del 966 0.05 €5,472,000 French Republic 5,640 0.32 Tesoro 1% 15/7/2022 Government Bond OAT €1,145,000 Italy Buoni Poliennali Del 1,044 0.06 4.25% 25/10/2023 Tesoro 1.2% 1/4/2022 € 3,270,000 French Republic 5,351 0.30 €620,000 Italy Buoni Poliennali Del 573 0.03 Government Bond OAT 4.5% Tesoro 1.25% 1/12/2026 25/4/2041 €2,226,000 Italy Buoni Poliennali Del 2,034 0.12 € 2,480,000 French Republic 3,721 0.21 Tesoro 1.35% 15/4/2022 Government Bond OAT €1,940,000 Italy Buoni Poliennali Del 1,780 0.10 4.75% 25/4/2035 Tesoro 1.35% 1/4/2030 €150,000 French Republic 225 0.01 €1,054,000 Italy Buoni Poliennali Del 970 0.06 Government Bond OAT Tesoro 1.45% 15/9/2022 4.75% 25/4/2035 €1,159,000 Italy Buoni Poliennali Del 1,083 0.06 €3,282,000 French Republic 4,407 0.25 Tesoro 1.45% 15/11/2024 Government Bond OAT 5.5% €2,084,000 Italy Buoni Poliennali Del 1,946 0.11 25/4/2029 Tesoro 1.45% 15/5/2025 €528,000 French Republic 709 0.04 €1,130,000 Italy Buoni Poliennali Del 1,004 0.06 Government Bond OAT 5.5% Tesoro 1.45% 1/3/2036 25/4/2029 €1,932,000 Italy Buoni Poliennali Del 1,809 0.10 €2,819,000 French Republic 4,295 0.24 Tesoro 1.5% 1/6/2025 Government Bond OAT € 5.75% 25/10/2032 1,010,000 Italy Buoni Poliennali Del 952 0.05 Tesoro 1.6% 1/6/2026 €200,000 French Republic 305 0.02 € Government Bond OAT 1,380,000 Italy Buoni Poliennali Del 1,293 0.07 5.75% 25/10/2032Ø Tesoro 1.65% 1/12/2030 €2,035,000 Italy Buoni Poliennali Del 1,901 0.11 €3,230,000 French Republic 3,867 0.22 Tesoro 1.65% 1/3/2032 Government Bond OAT 6% € 25/10/2025 940,000 Italy Buoni Poliennali Del 886 0.05 Tesoro 1.75% 1/7/2024 €900,000 French Republic 1,000 0.06 € Government Bond OAT 8.5% 2,240,000 Italy Buoni Poliennali Del 2,118 0.12 25/4/2023 Tesoro 1.85% 15/5/2024 € €1,700,000 Italy Buoni Poliennali Del 1,519 0.09 1,240,000 Italy Buoni Poliennali Del 1,179 0.07 Tesoro 0.05% 15/1/2023 Tesoro 1.85% 1/7/2025 € €1,760,000 Italy Buoni Poliennali Del 1,568 0.09 3,991,000 Italy Buoni Poliennali Del 3,833 0.22 Tesoro 0.35% 1/2/2025 Tesoro 2% 1/12/2025 € €400,000 Italy Buoni Poliennali Del 363 0.02 3,120,000 Italy Buoni Poliennali Del 3,017 0.17 Tesoro 0.6% 15/6/2023 Tesoro 2% 1/2/2028 € €400,000 Italy Buoni Poliennali Del 363 0.02 2,000,000 Italy Buoni Poliennali Del 1,937 0.11 Tesoro 0.65% 15/10/2023 Tesoro 2.05% 1/8/2027 € €310,000 Italy Buoni Poliennali Del 279 0.02 200,000 Italy Buoni Poliennali Del 193 0.01 Tesoro 0.85% 15/1/2027 Tesoro 2.1% 15/7/2026 € €1,626,000 Italy Buoni Poliennali Del 1,479 0.08 4,065,000 Italy Buoni Poliennali Del 3,740 0.21 Tesoro 0.9% 1/8/2022 Tesoro 2.15% 15/12/2021

335 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€2,440,000 Italy Buoni Poliennali Del 2,385 0.14 €1,630,000 Italy Buoni Poliennali Del 2,246 0.13 Tesoro 2.2% 1/6/2027 Tesoro 4.75% 1/9/2044 €1,400,000 Italy Buoni Poliennali Del 1,380 0.08 €2,270,000 Italy Buoni Poliennali Del 2,184 0.12 Tesoro 2.25% 1/9/2036 Tesoro 5% 1/3/2022 €110,000 Italy Buoni Poliennali Del 105 0.01 €2,000,000 Italy Buoni Poliennali Del 2,150 0.12 Tesoro 2.45% 1/10/2023 Tesoro 5% 1/3/2025 €1,530,000 Italy Buoni Poliennali Del 1,546 0.09 €2,238,000 Italy Buoni Poliennali Del 2,894 0.16 Tesoro 2.45% 1/9/2033 Tesoro 5% 1/8/2034 €1,280,000 Italy Buoni Poliennali Del 1,246 0.07 €2,070,000 Italy Buoni Poliennali Del 2,829 0.16 Tesoro 2.45% 1/9/2050 Tesoro 5% 1/8/2039 €970,000 Italy Buoni Poliennali Del 943 0.05 €1,970,000 Italy Buoni Poliennali Del 2,708 0.15 Tesoro 2.5% 1/12/2024 Tesoro 5% 1/9/2040 €1,970,000 Italy Buoni Poliennali Del 1,935 0.11 €2,744,000 Italy Buoni Poliennali Del 3,358 0.19 Tesoro 2.5% 15/11/2025 Tesoro 5.25% 1/11/2029 €1,574,000 Italy Buoni Poliennali Del 1,618 0.09 €1,235,000 Italy Buoni Poliennali Del 1,225 0.07 Tesoro 2.7% 1/3/2047 Tesoro 5.5% 1/9/2022 €2,220,000 Italy Buoni Poliennali Del 2,279 0.13 €1,554,000 Italy Buoni Poliennali Del 1,552 0.09 Tesoro 2.8% 1/12/2028 Tesoro 5.5% 1/11/2022 €880,000 Italy Buoni Poliennali Del 910 0.05 €1,970,000 Italy Buoni Poliennali Del 2,647 0.15 Tesoro 2.8% 1/3/2067 Tesoro 5.75% 1/2/2033 €1,670,000 Italy Buoni Poliennali Del 1,788 0.10 €2,651,000 Italy Buoni Poliennali Del 3,503 0.20 Tesoro 2.95% 1/9/2038 Tesoro 6% 1/5/2031Ø €1,990,000 Italy Buoni Poliennali Del 2,082 0.12 €2,154,000 Italy Buoni Poliennali Del 2,673 0.15 Tesoro 3% 1/8/2029Ø Tesoro 6.5% 1/11/2027 €1,050,000 Italy Buoni Poliennali Del 1,143 0.07 €1,195,000 Italy Buoni Poliennali Del 1,489 0.08 Tesoro 3.1% 1/3/2040 Tesoro 7.25% 1/11/2026 €1,449,000 Italy Buoni Poliennali Del 1,631 0.09 €1,131,000 Italy Buoni Poliennali Del 1,292 0.07 Tesoro 3.25% 1/9/2046 Tesoro 9% 1/11/2023 €1,280,000 Italy Buoni Poliennali Del 1,424 0.08 €200,000 Kingdom of Belgium 183 0.01 Tesoro 3.35% 1/3/2035 Government Bond 0% €1,400,000 Italy Buoni Poliennali Del 1,637 0.09 22/10/2027 Tesoro 3.45% 1/3/2048 €950,000 Kingdom of Belgium 868 0.05 €2,300,000 Italy Buoni Poliennali Del 2,509 0.14 Government Bond 0.1% Tesoro 3.5% 1/3/2030Ø 22/6/2030 €1,682,000 Italy Buoni Poliennali Del 1,705 0.10 €400,000 Kingdom of Belgium 366 0.02 Tesoro 3.75% 1/9/2024 Government Bond 0.2% €1,310,000 Italy Buoni Poliennali Del 1,637 0.09 22/10/2023 Tesoro 3.85% 1/9/2049Ø €520,000 Kingdom of Belgium 465 0.03 €2,510,000 Italy Buoni Poliennali Del 3,010 0.17 Government Bond 0.4% Tesoro 4% 1/2/2037 22/6/2040 € €1,912,000 Italy Buoni Poliennali Del 1,909 0.11 410,000 Kingdom of Belgium 382 0.02 Tesoro 4.5% 1/5/2023 Government Bond 0.5% 22/10/2024 €2,000,000 Italy Buoni Poliennali Del 2,051 0.12 € Tesoro 4.5% 1/3/2024 750,000 Kingdom of Belgium 713 0.04 Government Bond 0.8% €2,339,000 Italy Buoni Poliennali Del 2,528 0.14 22/6/2025 Tesoro 4.5% 1/3/2026 €1,370,000 Kingdom of Belgium 1,321 0.08 €7,170,000 Italy Buoni Poliennali Del 7,270 0.41 Government Bond 0.8% Tesoro 4.75% 1/8/2023 22/6/2027 €2,400,000 Italy Buoni Poliennali Del 2,779 0.16 Tesoro 4.75% 1/9/2028

BlackRock Collective Investment Funds 336 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€1,360,000 Kingdom of Belgium 1,319 0.07 €1,690,000 Kingdom of Belgium 2,659 0.15 Government Bond 0.8% Government Bond 4.25% 22/6/2028 28/3/2041 €1,650,000 Kingdom of Belgium 1,620 0.09 €900,000 Kingdom of Belgium 1,029 0.06 Government Bond 0.9% Government Bond 4.5% 22/6/2029 28/3/2026 €1,390,000 Kingdom of Belgium 1,347 0.08 €2,100,000 Kingdom of Belgium 3,199 0.18 Government Bond 1% Government Bond 5% 22/6/2026 28/3/2035 €1,040,000 Kingdom of Belgium 1,037 0.06 €1,965,000 Kingdom of Belgium 2,538 0.14 Government Bond 1% Government Bond 5.5% 22/6/2031 28/3/2028 €450,000 Kingdom of Belgium 464 0.03 €960,000 Netherlands Government 864 0.05 Government Bond 1.25% Bond 0% 15/1/2022 Ø 22/4/2033 €1,250,000 Netherlands Government 1,139 0.06 €240,000 Kingdom of Belgium 257 0.01 Bond 0% 15/1/2024 Government Bond 1.45% €300,000 Netherlands Government 276 0.02 22/6/2037 Bond 0% 15/1/2027 €1,260,000 Kingdom of Belgium 1,421 0.08 €670,000 Netherlands Government 616 0.04 Government Bond 1.6% Bond 0% 15/7/2030 22/6/2047 €560,000 Netherlands Government 515 0.03 €630,000 Kingdom of Belgium 734 0.04 Bond 0% 15/7/2030 Government Bond 1.7% €1,540,000 Netherlands Government 1,432 0.08 22/6/2050 Bond 0.25% 15/7/2025 € 620,000 Kingdom of Belgium 708 0.04 €1,480,000 Netherlands Government 1,395 0.08 Government Bond 1.9% Bond 0.25% 15/7/2029 22/6/2038 €1,273,000 Netherlands Government 1,207 0.07 € 610,000 Kingdom of Belgium 862 0.05 Bond 0.5% 15/7/2026 Government Bond 2.15% €730,000 Netherlands Government 716 0.04 22/6/2066 Bond 0.5% 15/1/2040 € 560,000 Kingdom of Belgium 764 0.04 €1,230,000 Netherlands Government 1,191 0.07 Government Bond 2.25% Bond 0.75% 15/7/2027 22/6/2057 €1,134,000 Netherlands Government 1,108 0.06 € 3,585,000 Kingdom of Belgium 3,594 0.20 Bond 0.75% 15/7/2028 Government Bond 2.6% €1,354,000 Netherlands Government 1,292 0.07 22/6/2024 Bond 1.75% 15/7/2023 €630,000 Kingdom of Belgium 788 0.04 €1,620,000 Netherlands Government 1,595 0.09 Government Bond 3% Bond 2% 15/7/2024 22/6/2034 €1,286,000 Netherlands Government 1,210 0.07 €740,000 Kingdom of Belgium 1,164 0.07 Bond 2.25% 15/7/2022 Government Bond 3.75% €1,040,000 Netherlands Government 1,244 0.07 22/6/2045 Bond 2.5% 15/1/2033 €665,000 Kingdom of Belgium 638 0.04 €1,490,000 Netherlands Government 2,267 0.13 Government Bond 4% Bond 2.75% 15/1/2047 28/3/2022 €400,000 Netherlands Government 395 0.02 €845,000 Kingdom of Belgium 1,108 0.06 Bond 3.75% 15/1/2023 Government Bond 4% € 28/3/2032 1,510,000 Netherlands Government 2,431 0.14 Bond 3.75% 15/1/2042 €2,770,000 Kingdom of Belgium 2,726 0.15 € Government Bond 4.25% 1,532,000 Netherlands Government 2,293 0.13 28/9/2022 Bond 4% 15/1/2037

337 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

€1,480,000 Netherlands Government 1,910 0.11 €2,350,000 Spain Government Bond 2,423 0.14 Bond 5.5% 15/1/2028 1.95% 30/7/2030 €1,165,000 Netherlands Government 1,243 0.07 €2,265,000 Spain Government Bond 2,264 0.13 Bond 7.5% 15/1/2023 2.15% 31/10/2025 €1,020,000 Spain Government Bond 0% 920 0.05 €1,720,000 Spain Government Bond 1,869 0.11 30/4/2023 2.35% 30/7/2033 €990,000 Spain Government Bond 0% 892 0.05 €1,290,000 Spain Government Bond 1,567 0.09 31/1/2025 2.7% 31/10/2048 €1,710,000 Spain Government Bond 1,537 0.09 €2,006,000 Spain Government Bond 2,018 0.11 0.05% 31/10/2021 2.75% 31/10/2024 €1,480,000 Spain Government Bond 1,350 0.08 €1,580,000 Spain Government Bond 1,973 0.11 0.25% 30/7/2024 2.9% 31/10/2046 €1,950,000 Spain Government Bond 1,777 0.10 €1,220,000 Spain Government Bond 1,806 0.10 0.35% 30/7/2023 3.45% 30/7/2066 €2,664,000 Spain Government Bond 2,414 0.14 €2,200,000 Spain Government Bond 2,262 0.13 0.4% 30/4/2022 3.8% 30/4/2024 €1,774,000 Spain Government Bond 1,615 0.09 €1,800,000 Spain Government Bond 2,460 0.14 0.45% 31/10/2022 4.2% 31/1/2037 €1,340,000 Spain Government Bond 1,214 0.07 €2,424,000 Spain Government Bond 2,493 0.14 0.5% 30/4/2030 4.4% 31/10/2023 €1,800,000 Spain Government Bond 1,653 0.09 €2,280,000 Spain Government Bond 2,522 0.14 0.6% 31/10/2029 4.65% 30/7/2025 €280,000 Spain Government Bond 263 0.02 €1,839,000 Spain Government Bond 2,805 0.16 0.8% 30/7/2027 4.7% 30/7/2041 €290,000 Spain Government Bond 272 0.02 €1,696,000 Spain Government Bond 1,782 0.10 0.8% 30/7/2027 4.8% 31/1/2024 €1,020,000 Spain Government Bond 1% 857 0.05 €1,700,000 Spain Government Bond 2,621 0.15 31/10/2050 4.9% 30/7/2040 €1,090,000 Spain Government Bond 1,010 0.06 €1,708,000 Spain Government Bond 2,137 0.12 1.2% 31/10/2040 5.15% 31/10/2028 €1,710,000 Spain Government Bond 1,658 0.09 €1,290,000 Spain Government Bond 2,151 0.12 1.25% 31/10/2030 5.15% 31/10/2044 €1,915,000 Spain Government Bond 1,853 0.11 €1,959,000 Spain Government Bond 1,996 0.11 1.3% 31/10/2026 5.4% 31/1/2023 €2,664,000 Spain Government Bond 2,608 0.15 €2,410,000 Spain Government Bond 3,462 0.20 1.4% 30/4/2028 5.75% 30/7/2032Ø €2,070,000 Spain Government Bond 2,028 0.12 €1,180,000 Spain Government Bond 1,149 0.07 1.4% 30/7/2028 5.85% 31/1/2022 €2,180,000 Spain Government Bond 2,135 0.12 €2,430,000 Spain Government Bond 2,938 0.17 1.45% 31/10/2027 5.9% 30/7/2026 €1,880,000 Spain Government Bond 1,850 0.11 €2,694,000 Spain Government Bond 6% 3,565 0.20 1.45% 30/4/2029 31/1/2029 €1,456,000 Spain Government Bond 1,430 0.08 504,410 28.66 1.5% 30/4/2027 €1,670,000 Spain Government Bond 1,618 0.09 Japanese Yen Denominated Government 1.6% 30/4/2025 Bonds − 20.67%; 29.2.2020 21.67% €1,510,000 Spain Government Bond 1,560 0.09 ¥22,900,000 Japan Government Five Year 162 0.01 1.85% 30/7/2035 Bond 0.1% 20/9/2021 €2,330,000 Spain Government Bond 2,323 0.13 ¥205,550,000 Japan Government Five Year 1,452 0.08 1.95% 30/4/2026 Bond 0.1% 20/12/2021

BlackRock Collective Investment Funds 338 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

¥125,200,000 Japan Government Five Year 885 0.05 ¥179,150,000 Japan Government Forty 1,820 0.10 Bond 0.1% 20/3/2022 Year Bond 2.2% 20/3/2051 ¥245,700,000 Japan Government Five Year 1,737 0.10 ¥110,850,000 Japan Government Forty 1,143 0.06 Bond 0.1% 20/6/2022 Year Bond 2.4% 20/3/2048 ¥209,000,000 Japan Government Five Year 1,479 0.08 ¥90,100,000 Japan Government Ten Year 641 0.04 Bond 0.1% 20/9/2022 Bond 0.1% 20/3/2026 ¥100,150,000 Japan Government Five Year 709 0.04 ¥212,350,000 Japan Government Ten Year 1,511 0.09 Bond 0.1% 20/12/2022 Bond 0.1% 20/6/2026 ¥216,100,000 Japan Government Five Year 1,530 0.09 ¥147,650,000 Japan Government Ten Year 1,051 0.06 Bond 0.1% 20/3/2023 Bond 0.1% 20/9/2026 ¥129,800,000 Japan Government Five Year 920 0.05 ¥202,150,000 Japan Government Ten Year 1,438 0.08 Bond 0.1% 20/6/2023 Bond 0.1% 20/12/2026 ¥603,700,000 Japan Government Five Year 4,279 0.24 ¥101,950,000 Japan Government Ten Year 726 0.04 Bond 0.1% 20/9/2023 Bond 0.1% 20/3/2027 ¥209,050,000 Japan Government Five Year 1,482 0.08 ¥130,700,000 Japan Government Ten Year 930 0.05 Bond 0.1% 20/12/2023 Bond 0.1% 20/6/2027 ¥300,000,000 Japan Government Five Year 2,128 0.12 ¥104,300,000 Japan Government Ten Year 742 0.04 Bond 0.1% 20/3/2024 Bond 0.1% 20/9/2027 ¥600,000,000 Japan Government Five Year 4,259 0.24 ¥214,800,000 Japan Government Ten Year 1,529 0.09 Bond 0.1% 20/6/2024 Bond 0.1% 20/12/2027 ¥400,950,000 Japan Government Five Year 2,846 0.16 ¥147,050,000 Japan Government Ten Year 1,046 0.06 Bond 0.1% 20/9/2024 Bond 0.1% 20/3/2028 ¥443,750,000 Japan Government Five Year 3,152 0.18 ¥316,700,000 Japan Government Ten Year 2,253 0.13 Bond 0.1% 20/12/2024 Bond 0.1% 20/6/2028 ¥539,750,000 Japan Government Five Year 3,833 0.22 ¥592,150,000 Japan Government Ten Year 4,211 0.24 Bond 0.1% 20/3/2025 Bond 0.1% 20/9/2028 ¥417,200,000 Japan Government Five Year 2,963 0.17 ¥638,500,000 Japan Government Ten Year 4,538 0.26 Bond 0.1% 20/6/2025 Bond 0.1% 20/12/2028 ¥219,400,000 Japan Government Forty 1,438 0.08 ¥599,750,000 Japan Government Ten Year 4,256 0.24 Year Bond 0.4% 20/3/2056 Bond 0.1% 20/3/2029 ¥239,200,000 Japan Government Forty 1,614 0.09 ¥473,400,000 Japan Government Ten Year 3,360 0.19 Year Bond 0.5% 20/3/2059 Bond 0.1% 20/6/2029 ¥91,250,000 Japan Government Forty 615 0.03 ¥589,600,000 Japan Government Ten Year 4,182 0.24 Year Bond 0.5% 20/3/2060 Bond 0.1% 20/9/2029 ¥219,150,000 Japan Government Forty 1,636 0.09 ¥569,650,000 Japan Government Ten Year 4,036 0.23 Year Bond 0.8% 20/3/2058 Bond 0.1% 20/12/2029 ¥222,200,000 Japan Government Forty 1,705 0.10 ¥576,600,000 Japan Government Ten Year 4,084 0.23 Year Bond 0.9% 20/3/2057 Bond 0.1% 20/3/2030 ¥104,700,000 Japan Government Forty 916 0.05 ¥420,950,000 Japan Government Ten Year 2,980 0.17 Year Bond 1.4% 20/3/2055 Bond 0.1% 20/6/2030 ¥105,650,000 Japan Government Forty 987 0.06 ¥140,000,000 Japan Government Ten Year 1,003 0.06 Year Bond 1.7% 20/3/2054 Bond 0.3% 20/12/2024 ¥126,650,000 Japan Government Forty 1,229 0.07 ¥137,900,000 Japan Government Ten Year 991 0.06 Year Bond 1.9% 20/3/2053 Bond 0.3% 20/12/2025 ¥177,050,000 Japan Government Forty 1,741 0.10 ¥96,750,000 Japan Government Ten Year 696 0.04 Year Bond 2% 20/3/2052 Bond 0.4% 20/3/2025 ¥105,550,000 Japan Government Forty 1,057 0.06 ¥238,950,000 Japan Government Ten Year 1,721 0.10 Year Bond 2.2% 20/3/2049 Bond 0.4% 20/6/2025 ¥114,400,000 Japan Government Forty 1,153 0.07 ¥185,950,000 Japan Government Ten Year 1,341 0.08 Year Bond 2.2% 20/3/2050 Bond 0.4% 20/9/2025

339 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

¥400,800,000 Japan Government Ten Year 2,891 0.16 ¥92,200,000 Japan Government Thirty 658 0.04 Bond 0.5% 20/9/2024 Year Bond 0.6% 20/12/2046 ¥150,000,000 Japan Government Ten Year 1,084 0.06 ¥140,900,000 Japan Government Thirty 990 0.06 Bond 0.5% 20/12/2024 Year Bond 0.6% 20/6/2050 ¥691,500,000 Japan Government Ten Year 4,959 0.28 ¥212,200,000 Japan Government Thirty 1,543 0.09 Bond 0.6% 20/3/2023 Year Bond 0.7% 20/6/2048 ¥112,350,000 Japan Government Ten Year 809 0.05 ¥192,200,000 Japan Government Thirty 1,396 0.08 Bond 0.6% 20/9/2023 Year Bond 0.7% 20/12/2048 ¥438,850,000 Japan Government Ten Year 3,162 0.18 ¥132,050,000 Japan Government Thirty 990 0.06 Bond 0.6% 20/12/2023 Year Bond 0.8% 20/3/2046 ¥200,000,000 Japan Government Ten Year 1,444 0.08 ¥167,150,000 Japan Government Thirty 1,248 0.07 Bond 0.6% 20/3/2024 Year Bond 0.8% 20/3/2047 ¥248,500,000 Japan Government Ten Year 1,797 0.10 ¥119,750,000 Japan Government Thirty 896 0.05 Bond 0.6% 20/6/2024 Year Bond 0.8% 20/6/2047 ¥161,250,000 Japan Government Ten Year 1,157 0.07 ¥125,150,000 Japan Government Thirty 936 0.05 Bond 0.7% 20/12/2022 Year Bond 0.8% 20/9/2047 ¥496,000,000 Japan Government Ten Year 3,551 0.20 ¥192,700,000 Japan Government Thirty 1,436 0.08 Bond 0.8% 20/6/2022 Year Bond 0.8% 20/12/2047 ¥587,550,000 Japan Government Ten Year 4,216 0.24 ¥227,000,000 Japan Government Thirty 1,691 0.10 Bond 0.8% 20/9/2022 Year Bond 0.8% 20/3/2048 ¥372,400,000 Japan Government Ten Year 2,678 0.15 ¥219,650,000 Japan Government Thirty 1,675 0.10 Bond 0.8% 20/12/2022 Year Bond 0.9% 20/9/2048 ¥583,900,000 Japan Government Ten Year 4,217 0.24 ¥64,700,000 Japan Government Thirty 507 0.03 Bond 0.8% 20/6/2023 Year Bond 1.1% 20/3/2033 ¥230,400,000 Japan Government Ten Year 1,668 0.09 ¥57,200,000 Japan Government Thirty 486 0.03 Bond 0.8% 20/9/2023 Year Bond 1.4% 20/9/2045 ¥207,400,000 Japan Government Ten Year 1,484 0.08 ¥92,350,000 Japan Government Thirty 784 0.04 Bond 0.9% 20/3/2022 Year Bond 1.4% 20/12/2045 ¥418,100,000 Japan Government Ten Year 2,999 0.17 ¥93,950,000 Japan Government Thirty 811 0.05 Bond 0.9% 20/6/2022 Year Bond 1.5% 20/12/2044 ¥378,000,000 Japan Government Ten Year 2,701 0.15 ¥139,600,000 Japan Government Thirty 1,205 0.07 Bond 1% 20/12/2021 Year Bond 1.5% 20/3/2045 ¥609,200,000 Japan Government Ten Year 4,365 0.25 ¥66,850,000 Japan Government Thirty 589 0.03 Bond 1% 20/3/2022 Year Bond 1.6% 20/6/2045 ¥254,050,000 Japan Government Ten Year 1,818 0.10 ¥61,400,000 Japan Government Thirty 514 0.03 Bond 1.1% 20/12/2021 Year Bond 1.7% 20/6/2033 ¥115,150,000 Japan Government Thirty 765 0.04 ¥141,600,000 Japan Government Thirty 1,261 0.07 Year Bond 0.3% 20/6/2046 Year Bond 1.7% 20/12/2043 ¥184,750,000 Japan Government Thirty 1,235 0.07 ¥169,000,000 Japan Government Thirty 1,506 0.09 Year Bond 0.4% 20/6/2049 Year Bond 1.7% 20/3/2044 ¥182,050,000 Japan Government Thirty 1,215 0.07 ¥109,350,000 Japan Government Thirty 975 0.06 Year Bond 0.4% 20/9/2049 Year Bond 1.7% 20/6/2044 ¥204,650,000 Japan Government Thirty 1,364 0.08 ¥116,300,000 Japan Government Thirty 1,041 0.06 Year Bond 0.4% 20/12/2049 Year Bond 1.7% 20/9/2044 ¥191,400,000 Japan Government Thirty 1,273 0.07 ¥166,400,000 Japan Government Thirty 1,501 0.09 Year Bond 0.4% 20/3/2050 Year Bond 1.8% 20/3/2043 ¥202,550,000 Japan Government Thirty 1,412 0.08 ¥142,500,000 Japan Government Thirty 1,288 0.07 Year Bond 0.5% 20/9/2046 Year Bond 1.8% 20/9/2043 ¥171,750,000 Japan Government Thirty 1,181 0.07 ¥345,550,000 Japan Government Thirty 3,157 0.18 Year Bond 0.5% 20/3/2049 Year Bond 1.9% 20/9/2042

BlackRock Collective Investment Funds 340 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

¥174,000,000 Japan Government Thirty 1,596 0.09 ¥235,600,000 Japan Government Thirty 2,257 0.13 Year Bond 1.9% 20/6/2043 Year Bond 2.5% 20/3/2038 ¥68,450,000 Japan Government Thirty 595 0.03 ¥188,250,000 Japan Government Twenty 1,300 0.07 Year Bond 2% 20/12/2033 Year Bond 0.2% 20/6/2036 ¥280,350,000 Japan Government Thirty 2,567 0.15 ¥288,600,000 Japan Government Twenty 1,993 0.11 Year Bond 2% 20/9/2040 Year Bond 0.3% 20/6/2039 ¥295,300,000 Japan Government Thirty 2,723 0.15 ¥268,100,000 Japan Government Twenty 1,852 0.11 Year Bond 2% 20/9/2041 Year Bond 0.3% 20/9/2039 ¥275,800,000 Japan Government Thirty 2,551 0.14 ¥269,700,000 Japan Government Twenty 1,860 0.11 Year Bond 2% 20/3/2042 Year Bond 0.3% 20/12/2039 ¥49,050,000 Japan Government Thirty 430 0.02 ¥100,550,000 Japan Government Twenty 717 0.04 Year Bond 2.1% 20/9/2033 Year Bond 0.4% 20/3/2036 ¥200,000,000 Japan Government Thirty 1,871 0.11 ¥251,250,000 Japan Government Twenty 1,768 0.10 Year Bond 2.2% 20/9/2039 Year Bond 0.4% 20/3/2039 ¥260,050,000 Japan Government Thirty 2,464 0.14 ¥254,550,000 Japan Government Twenty 1,785 0.10 Year Bond 2.2% 20/3/2041 Year Bond 0.4% 20/3/2040 ¥102,300,000 Japan Government Thirty 928 0.05 ¥188,300,000 Japan Government Twenty 1,321 0.08 Year Bond 2.3% 20/3/2035 Year Bond 0.4% 20/6/2040 ¥74,800,000 Japan Government Thirty 680 0.04 ¥155,250,000 Japan Government Twenty 1,122 0.06 Year Bond 2.3% 20/6/2035 Year Bond 0.5% 20/9/2036 ¥101,950,000 Japan Government Thirty 931 0.05 ¥256,400,000 Japan Government Twenty 1,845 0.10 Year Bond 2.3% 20/12/2035 Year Bond 0.5% 20/3/2038 ¥93,300,000 Japan Government Thirty 861 0.05 ¥277,550,000 Japan Government Twenty 1,994 0.11 Year Bond 2.3% 20/12/2036 Year Bond 0.5% 20/6/2038 ¥238,350,000 Japan Government Thirty 2,246 0.13 ¥317,750,000 Japan Government Twenty 2,276 0.13 Year Bond 2.3% 20/3/2039 Year Bond 0.5% 20/12/2038 ¥278,100,000 Japan Government Thirty 2,651 0.15 ¥266,600,000 Japan Government Twenty 1,955 0.11 Year Bond 2.3% 20/3/2040 Year Bond 0.6% 20/12/2036 ¥83,050,000 Japan Government Thirty 755 0.04 ¥162,450,000 Japan Government Twenty 1,190 0.07 Year Bond 2.4% 20/3/2034 Year Bond 0.6% 20/6/2037 ¥71,300,000 Japan Government Thirty 653 0.04 ¥243,150,000 Japan Government Twenty 1,780 0.10 Year Bond 2.4% 20/12/2034 Year Bond 0.6% 20/9/2037 ¥190,550,000 Japan Government Thirty 1,783 0.10 ¥192,200,000 Japan Government Twenty 1,406 0.08 Year Bond 2.4% 20/3/2037 Year Bond 0.6% 20/12/2037 ¥238,500,000 Japan Government Thirty 2,267 0.13 ¥188,000,000 Japan Government Twenty 1,399 0.08 Year Bond 2.4% 20/9/2038 Year Bond 0.7% 20/3/2037 ¥99,250,000 Japan Government Thirty 914 0.05 ¥277,900,000 Japan Government Twenty 2,062 0.12 Year Bond 2.5% 20/6/2034 Year Bond 0.7% 20/9/2038 ¥52,600,000 Japan Government Thirty 485 0.03 ¥40,550,000 Japan Government Twenty 293 0.02 Year Bond 2.5% 20/9/2034 Year Bond 0.8% 20/6/2023 ¥89,450,000 Japan Government Thirty 833 0.05 ¥87,600,000 Japan Government Twenty 635 0.04 Year Bond 2.5% 20/9/2035 Year Bond 1% 20/3/2023 ¥75,250,000 Japan Government Thirty 705 0.04 ¥107,000,000 Japan Government Twenty 831 0.05 Year Bond 2.5% 20/3/2036 Year Bond 1% 20/12/2035 ¥105,550,000 Japan Government Thirty 992 0.06 ¥211,050,000 Japan Government Twenty 1,683 0.10 Year Bond 2.5% 20/6/2036 Year Bond 1.2% 20/12/2034 ¥128,000,000 Japan Government Thirty 1,206 0.07 ¥212,250,000 Japan Government Twenty 1,693 0.10 Year Bond 2.5% 20/9/2036 Year Bond 1.2% 20/3/2035 ¥163,250,000 Japan Government Thirty 1,556 0.09 ¥163,900,000 Japan Government Twenty 1,306 0.07 Year Bond 2.5% 20/9/2037 Year Bond 1.2% 20/9/2035

341 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

¥164,550,000 Japan Government Twenty 1,329 0.08 ¥174,250,000 Japan Government Twenty 1,450 0.08 Year Bond 1.3% 20/6/2035 Year Bond 1.8% 20/6/2031 ¥36,200,000 Japan Government Twenty 264 0.01 ¥229,900,000 Japan Government Twenty 1,918 0.11 Year Bond 1.4% 20/12/2022 Year Bond 1.8% 20/9/2031 ¥292,100,000 Japan Government Twenty 2,384 0.14 ¥216,000,000 Japan Government Twenty 1,808 0.10 Year Bond 1.4% 20/9/2034 Year Bond 1.8% 20/12/2031 ¥124,700,000 Japan Government Twenty 1,017 0.06 ¥138,200,000 Japan Government Twenty 1,159 0.07 Year Bond 1.5% 20/6/2032 Year Bond 1.8% 20/3/2032 ¥147,600,000 Japan Government Twenty 1,209 0.07 ¥114,850,000 Japan Government Twenty 969 0.06 Year Bond 1.5% 20/3/2033 Year Bond 1.8% 20/12/2032 ¥200,400,000 Japan Government Twenty 1,652 0.09 ¥184,050,000 Japan Government Twenty 1,376 0.08 Year Bond 1.5% 20/3/2034 Year Bond 1.9% 20/9/2023 ¥196,500,000 Japan Government Twenty 1,621 0.09 ¥107,350,000 Japan Government Twenty 806 0.05 Year Bond 1.5% 20/6/2034 Year Bond 1.9% 20/12/2023 ¥99,400,000 Japan Government Twenty 806 0.05 ¥169,350,000 Japan Government Twenty 1,278 0.07 Year Bond 1.6% 20/6/2030 Year Bond 1.9% 20/3/2024 ¥94,700,000 Japan Government Twenty 779 0.04 ¥166,250,000 Japan Government Twenty 1,277 0.07 Year Bond 1.6% 20/3/2032 Year Bond 1.9% 20/3/2025 ¥109,700,000 Japan Government Twenty 904 0.05 ¥131,300,000 Japan Government Twenty 1,012 0.06 Year Bond 1.6% 20/6/2032 Year Bond 1.9% 20/6/2025 ¥162,000,000 Japan Government Twenty 1,341 0.08 ¥227,100,000 Japan Government Twenty 1,853 0.11 Year Bond 1.6% 20/3/2033 Year Bond 1.9% 20/12/2028 ¥180,550,000 Japan Government Twenty 1,501 0.09 ¥105,800,000 Japan Government Twenty 866 0.05 Year Bond 1.6% 20/12/2033 Year Bond 1.9% 20/3/2029 ¥11,500,000 Japan Government Twenty 84 0.00 ¥120,000,000 Japan Government Twenty 1,000 0.06 Year Bond 1.7% 20/12/2022 Year Bond 1.9% 20/9/2030 ¥136,550,000 Japan Government Twenty 1,129 0.06 ¥55,950,000 Japan Government Twenty 469 0.03 Year Bond 1.7% 20/9/2031 Year Bond 1.9% 20/3/2031 ¥185,850,000 Japan Government Twenty 1,541 0.09 ¥212,150,000 Japan Government Twenty 1,782 0.10 Year Bond 1.7% 20/12/2031 Year Bond 1.9% 20/6/2031 ¥126,450,000 Japan Government Twenty 1,050 0.06 ¥39,700,000 Japan Government Twenty 289 0.02 Year Bond 1.7% 20/3/2032 Year Bond 2% 21/3/2022 ¥88,550,000 Japan Government Twenty 737 0.04 ¥110,550,000 Japan Government Twenty 849 0.05 Year Bond 1.7% 20/6/2032 Year Bond 2% 20/12/2024 ¥180,700,000 Japan Government Twenty 1,507 0.09 ¥140,000,000 Japan Government Twenty 1,080 0.06 Year Bond 1.7% 20/9/2032 Year Bond 2% 20/3/2025 ¥241,800,000 Japan Government Twenty 2,020 0.11 ¥69,450,000 Japan Government Twenty 538 0.03 Year Bond 1.7% 20/12/2032 Year Bond 2% 20/6/2025 ¥250,550,000 Japan Government Twenty 2,099 0.12 ¥50,000,000 Japan Government Twenty 389 0.02 Year Bond 1.7% 20/6/2033 Year Bond 2% 20/9/2025 ¥218,000,000 Japan Government Twenty 1,830 0.10 ¥43,150,000 Japan Government Twenty 337 0.02 Year Bond 1.7% 20/9/2033 Year Bond 2% 20/12/2025 ¥153,300,000 Japan Government Twenty 1,137 0.06 ¥120,150,000 Japan Government Twenty 960 0.05 Year Bond 1.8% 20/6/2023 Year Bond 2% 20/3/2027 ¥55,450,000 Japan Government Twenty 415 0.02 ¥108,400,000 Japan Government Twenty 909 0.05 Year Bond 1.8% 20/12/2023 Year Bond 2% 20/6/2030 ¥47,200,000 Japan Government Twenty 389 0.02 ¥87,050,000 Japan Government Twenty 734 0.04 Year Bond 1.8% 20/6/2030 Year Bond 2% 20/12/2030 ¥70,000,000 Japan Government Twenty 579 0.03 ¥147,200,000 Japan Government Twenty 1,244 0.07 Year Bond 1.8% 20/9/2030 Year Bond 2% 20/3/2031

BlackRock Collective Investment Funds 342 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

¥78,600,000 Japan Government Twenty 597 0.03 ¥40,150,000 Japan Government Twenty 318 0.02 Year Bond 2.1% 20/3/2024 Year Bond 2.2% 20/3/2026 ¥122,950,000 Japan Government Twenty 943 0.05 ¥40,650,000 Japan Government Twenty 324 0.02 Year Bond 2.1% 20/9/2024 Year Bond 2.2% 20/6/2026 ¥300,000,000 Japan Government Twenty 2,313 0.13 ¥129,050,000 Japan Government Twenty 1,034 0.06 Year Bond 2.1% 20/12/2024 Year Bond 2.2% 20/9/2026 ¥146,250,000 Japan Government Twenty 1,133 0.06 ¥36,150,000 Japan Government Twenty 295 0.02 Year Bond 2.1% 20/3/2025 Year Bond 2.2% 20/9/2027 ¥20,450,000 Japan Government Twenty 159 0.01 ¥185,650,000 Japan Government Twenty 1,528 0.09 Year Bond 2.1% 20/6/2025 Year Bond 2.2% 20/3/2028 ¥12,000,000 Japan Government Twenty 94 0.01 ¥78,050,000 Japan Government Twenty 648 0.04 Year Bond 2.1% 20/9/2025 Year Bond 2.2% 20/9/2028 ¥15,000,000 Japan Government Twenty 118 0.01 ¥111,000,000 Japan Government Twenty 932 0.05 Year Bond 2.1% 20/12/2025 Year Bond 2.2% 20/6/2029 ¥44,400,000 Japan Government Twenty 350 0.02 ¥138,400,000 Japan Government Twenty 1,170 0.07 Year Bond 2.1% 20/3/2026 Year Bond 2.2% 20/12/2029 ¥173,350,000 Japan Government Twenty 1,387 0.08 ¥107,950,000 Japan Government Twenty 916 0.05 Year Bond 2.1% 20/12/2026 Year Bond 2.2% 20/3/2030 ¥107,650,000 Japan Government Twenty 865 0.05 ¥202,200,000 Japan Government Twenty 1,739 0.10 Year Bond 2.1% 20/3/2027 Year Bond 2.2% 20/3/2031 ¥7,050,000 Japan Government Twenty 57 0.00 ¥62,400,000 Japan Government Twenty 497 0.03 Year Bond 2.1% 20/6/2027 Year Bond 2.3% 20/3/2026 ¥77,750,000 Japan Government Twenty 631 0.04 ¥75,800,000 Japan Government Twenty 607 0.03 Year Bond 2.1% 20/9/2027 Year Bond 2.3% 20/6/2026 ¥276,000,000 Japan Government Twenty 2,248 0.13 ¥23,250,000 Japan Government Twenty 187 0.01 Year Bond 2.1% 20/12/2027 Year Bond 2.3% 20/9/2026 ¥96,350,000 Japan Government Twenty 791 0.04 ¥101,850,000 Japan Government Twenty 832 0.05 Year Bond 2.1% 20/6/2028 Year Bond 2.3% 20/6/2027 ¥146,750,000 Japan Government Twenty 1,210 0.07 ¥108,050,000 Japan Government Twenty 899 0.05 Year Bond 2.1% 20/9/2028 Year Bond 2.3% 20/6/2028 ¥79,300,000 Japan Government Twenty 656 0.04 ¥122,450,000 Japan Government Twenty 945 0.05 Year Bond 2.1% 20/12/2028 Year Bond 2.4% 20/6/2024 ¥150,500,000 Japan Government Twenty 1,250 0.07 ¥57,450,000 Japan Government Twenty 479 0.03 Year Bond 2.1% 20/3/2029 Year Bond 2.4% 20/3/2028 ¥215,900,000 Japan Government Twenty 1,800 0.10 ¥110,750,000 Japan Government Twenty 927 0.05 Year Bond 2.1% 20/6/2029 Year Bond 2.4% 20/6/2028 ¥218,750,000 Japan Government Twenty 1,830 0.10 ¥259,050,000 Japan Government Two Year 1,829 0.10 Year Bond 2.1% 20/9/2029 Bond 0.1% 1/10/2021 ¥135,950,000 Japan Government Twenty 1,141 0.06 ¥132,150,000 Japan Government Two Year 933 0.05 Year Bond 2.1% 20/12/2029 Bond 0.1% 1/11/2021 ¥190,500,000 Japan Government Twenty 1,604 0.09 ¥202,750,000 Japan Government Two Year 1,433 0.08 Year Bond 2.1% 20/3/2030 Bond 0.1% 1/1/2022 ¥222,000,000 Japan Government Twenty 1,887 0.11 ¥133,450,000 Japan Government Two Year 943 0.05 Year Bond 2.1% 20/12/2030 Bond 0.1% 1/2/2022 ¥46,450,000 Japan Government Twenty 337 0.02 ¥77,300,000 Japan Government Two Year 546 0.03 Year Bond 2.2% 20/12/2021 Bond 0.1% 1/3/2022 ¥19,050,000 Japan Government Twenty 145 0.01 ¥50,000,000 Japan Government Two Year 354 0.02 Year Bond 2.2% 20/3/2024 Bond 0.1% 1/4/2022 ¥75,000,000 Japan Government Twenty 574 0.03 ¥295,900,000 Japan Government Two Year 2,093 0.12 Year Bond 2.2% 20/6/2024 Bond 0.1% 1/5/2022

343 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

¥183,300,000 Japan Government Two Year 1,296 0.07 $4,080,000 United States Treasury 3,045 0.17 Bond 0.1% 1/6/2022 Note/Bond 0.125% ¥291,900,000 Japan Government Two Year 2,065 0.12 15/8/2023 Bond 0.1% 1/7/2022 $3,380,000 United States Treasury 2,531 0.14 Note/Bond 0.25% 15/4/2023 363,796 20.67 $1,990,000 United States Treasury 1,490 0.08 Swedish Krona Denominated Government Note/Bond 0.25% 15/6/2023 Bonds − 0.21%; 29.2.2020 0.21% $3,330,000 United States Treasury 2,486 0.14 SEK 1,780,000 Sweden Government Bond 154 0.01 Note/Bond 0.25% 31/5/2025 0.125% 12/5/2031 $3,130,000 United States Treasury 2,336 0.13 SEK 4,090,000 Sweden Government Bond 376 0.02 Note/Bond 0.25% 30/6/2025 0.75% 12/5/2028Ø $3,810,000 United States Treasury 2,843 0.16 SEK 4,920,000 Sweden Government Bond 454 0.03 Note/Bond 0.25% 31/7/2025 0.75% 12/11/2029 $3,350,000 United States Treasury 2,499 0.14 SEK 6,120,000 Sweden Government Bond 568 0.03 Note/Bond 0.25% 31/8/2025 1% 12/11/2026 $3,230,000 United States Treasury 2,421 0.14 SEK 6,290,000 Sweden Government Bond 576 0.03 Note/Bond 0.375% 1.5% 13/11/2023Ø 31/3/2022 SEK 1,945,000 Sweden Government Bond 207 0.01 $3,410,000 United States Treasury 2,561 0.15 2.25% 1/6/2032 Note/Bond 0.375% SEK 8,720,000 Sweden Government Bond 853 0.05 30/4/2025 2.5% 12/5/2025Ø $3,460,000 United States Treasury 2,565 0.15 SEK 4,660,000 Sweden Government Bond 620 0.03 Note/Bond 0.375% 3.5% 30/3/2039 31/7/2027 $3,400,000 United States Treasury 2,562 0.15 3,808 0.21 Note/Bond 0.5% 15/3/2023 $3,840,000 United States Treasury 2,901 0.16 US Dollar Denominated Government Note/Bond 0.5% 31/3/2025 Bonds − 45.75%; 29.2.2020 46.19% $2,240,000 United States Treasury 1,677 0.10 $4,170,000 United States Treasury 3,114 0.18 Note/Bond 0.5% 30/4/2027 Note/Bond 0.125% 30/4/2022 $2,590,000 United States Treasury 1,938 0.11 Note/Bond 0.5% 31/5/2027 $3,100,000 United States Treasury 2,315 0.13 Note/Bond 0.125% $3,640,000 United States Treasury 2,723 0.15 31/5/2022 Note/Bond 0.5% 30/6/2027 $2,430,000 United States Treasury 1,814 0.10 $3,130,000 United States Treasury 2,341 0.13 Note/Bond 0.125% Note/Bond 0.5% 31/8/2027 30/6/2022 $3,210,000 United States Treasury 2,424 0.14 $4,800,000 United States Treasury 3,584 0.20 Note/Bond 0.625% Note/Bond 0.125% 31/3/2027 31/7/2022 $8,660,000 United States Treasury 6,426 0.36 $1,560,000 United States Treasury 1,165 0.07 Note/Bond 0.625% Note/Bond 0.125% 15/5/2030 31/8/2022 $4,800,000 United States Treasury 3,557 0.20 $5,800,000 United States Treasury 4,329 0.25 Note/Bond 0.625% Note/Bond 0.125% 15/8/2030 15/5/2023 $6,130,000 United States Treasury 4,645 0.26 $2,450,000 United States Treasury 1,828 0.10 Note/Bond 1.125% Note/Bond 0.125% 28/2/2022 15/7/2023 $3,940,000 United States Treasury 3,059 0.17 Note/Bond 1.125% 28/2/2025

BlackRock Collective Investment Funds 344 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$1,490,000 United States Treasury 1,161 0.07 $3,301,000 United States Treasury 2,512 0.14 Note/Bond 1.125% Note/Bond 1.5% 31/1/2022 28/2/2027 $4,750,000 United States Treasury 3,641 0.21 $1,840,000 United States Treasury 1,434 0.08 Note/Bond 1.5% 15/8/2022Ø Note/Bond 1.125% $2,550,000 United States Treasury 1,957 0.11 28/2/2027 Note/Bond 1.5% 15/9/2022 $5,280,000 United States Treasury 3,878 0.22 $3,240,000 United States Treasury 2,498 0.14 Note/Bond 1.125% Note/Bond 1.5% 15/1/2023 15/5/2040 $3,119,000 United States Treasury 2,408 0.14 $1,690,000 United States Treasury 1,236 0.07 Note/Bond 1.5% 28/2/2023 Note/Bond 1.125% $2,120,000 United States Treasury 1,639 0.09 15/8/2040 Note/Bond 1.5% 31/3/2023 $3,000,000 United States Treasury 2,269 0.13 $5,000,000 United States Treasury 3,928 0.22 Note/Bond 1.25% Note/Bond 1.5% 30/9/2024 31/10/2021 $5,500,000 United States Treasury 4,325 0.25 $4,119,000 United States Treasury 3,174 0.18 Note/Bond 1.5% Note/Bond 1.25% 31/7/2023 31/10/2024Ø $4,000,000 United States Treasury 3,111 0.18 $4,980,000 United States Treasury 3,919 0.22 Note/Bond 1.25% 31/8/2024 Note/Bond 1.5% 30/11/2024 $6,710,000 United States Treasury 4,732 0.27 $5,611,000 United States Treasury 4,464 0.25 Note/Bond 1.25% 15/5/2050 Note/Bond 1.5% 15/8/2026 $480,000 United States Treasury 365 0.02 $729,000 United States Treasury 580 0.03 Note/Bond 1.375% Note/Bond 1.5% 15/8/2026 31/1/2022 $2,890,000 United States Treasury 2,304 0.13 $3,000,000 United States Treasury 2,299 0.13 Note/Bond 1.5% 31/1/2027 Note/Bond 1.375% $6,500,000 United States Treasury 5,225 0.30 15/10/2022 Note/Bond 1.5% 15/2/2030 $5,010,000 United States Treasury 3,855 0.22 $4,060,000 United States Treasury 3,092 0.18 Note/Bond 1.375% Note/Bond 1.625% 15/2/2023Ø 31/12/2021 $2,310,000 United States Treasury 1,785 0.10 $5,490,000 United States Treasury 4,219 0.24 Note/Bond 1.375% Note/Bond 1.625% 30/6/2023 15/8/2022 $770,000 United States Treasury 596 0.03 $1,700,000 United States Treasury 1,307 0.07 Note/Bond 1.375% Note/Bond 1.625% 31/8/2023 31/8/2022 $1,719,000 United States Treasury 1,332 0.08 $12,059,000 United States Treasury 9,300 0.53 Note/Bond 1.375% Note/Bond 1.625% 30/9/2023 15/11/2022 $3,560,000 United States Treasury 2,791 0.16 $4,410,000 United States Treasury 3,406 0.19 Note/Bond 1.375% Note/Bond 1.625% 31/1/2025 15/12/2022 $3,330,000 United States Treasury 2,632 0.15 $4,129,000 United States Treasury 3,205 0.18 Note/Bond 1.375% Note/Bond 1.625% 31/8/2026 30/4/2023 $3,740,000 United States Treasury 2,724 0.15 $3,563,000 United States Treasury 2,769 0.16 Note/Bond 1.375% Note/Bond 1.625% 15/8/2050 31/5/2023Ø $3,970,000 United States Treasury 3,012 0.17 $1,390,000 United States Treasury 1,086 0.06 Note/Bond 1.5% 31/10/2021 Note/Bond 1.625% $4,000,000 United States Treasury 3,038 0.17 31/10/2023 Note/Bond 1.5% 30/11/2021

345 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$5,620,000 United States Treasury 4,490 0.26 $3,000,000 United States Treasury 2,426 0.14 Note/Bond 1.625% Note/Bond 1.75% 15/2/2026 31/12/2026 $5,240,000 United States Treasury 4,193 0.24 $7,810,000 United States Treasury 6,409 0.36 Note/Bond 1.625% Note/Bond 1.75% 15/5/2026 15/11/2029Ø $3,120,000 United States Treasury 2,502 0.14 $2,605,000 United States Treasury 1,987 0.11 Note/Bond 1.625% Note/Bond 1.875% 30/9/2026 30/11/2021 $2,920,000 United States Treasury 2,342 0.13 $2,195,000 United States Treasury 1,679 0.10 Note/Bond 1.625% Note/Bond 1.875% 31/10/2026 31/1/2022 $3,000,000 United States Treasury 2,407 0.14 $5,074,000 United States Treasury 3,887 0.22 Note/Bond 1.625% Note/Bond 1.875% 30/11/2026 28/2/2022 $9,040,000 United States Treasury 7,334 0.42 $1,780,000 United States Treasury 1,366 0.08 Note/Bond 1.625% Note/Bond 1.875% 15/8/2029Ø 31/3/2022 $3,640,000 United States Treasury 2,773 0.16 $5,555,000 United States Treasury 4,268 0.24 Note/Bond 1.75% Note/Bond 1.875% 30/11/2021 30/4/2022 $1,596,000 United States Treasury 1,220 0.07 $2,536,000 United States Treasury 1,951 0.11 Note/Bond 1.75% 28/2/2022 Note/Bond 1.875% $1,681,000 United States Treasury 1,287 0.07 31/5/2022 Note/Bond 1.75% 31/3/2022 $4,090,000 United States Treasury 3,155 0.18 $4,511,000 United States Treasury 3,459 0.20 Note/Bond 1.875% Note/Bond 1.75% 30/4/2022 31/7/2022 $5,234,000 United States Treasury 4,015 0.23 $1,496,000 United States Treasury 1,156 0.07 Note/Bond 1.75% 15/5/2022 Note/Bond 1.875% $8,140,000 United States Treasury 6,249 0.35 31/8/2022 Note/Bond 1.75% 31/5/2022 $2,510,000 United States Treasury 1,942 0.11 $1,640,000 United States Treasury 1,260 0.07 Note/Bond 1.875% Note/Bond 1.75% 15/6/2022 30/9/2022 $4,138,000 United States Treasury 3,181 0.18 $2,171,000 United States Treasury 1,682 0.10 Note/Bond 1.75% 30/6/2022 Note/Bond 1.875% 31/10/2022 $580,000 United States Treasury 446 0.03 Note/Bond 1.75% 15/7/2022 $2,529,000 United States Treasury 2,014 0.11 Note/Bond 1.875% $2,181,000 United States Treasury 1,683 0.10 31/8/2024 Note/Bond 1.75% 30/9/2022 $3,000,000 United States Treasury 2,435 0.14 $2,600,000 United States Treasury 2,017 0.11 Note/Bond 1.875% Note/Bond 1.75% 31/1/2023 30/6/2026 $10,780,000 United States Treasury 8,399 0.48 $2,940,000 United States Treasury 2,388 0.14 Note/Bond 1.75% 15/5/2023 Note/Bond 1.875% $3,500,000 United States Treasury 2,768 0.16 31/7/2026 Note/Bond 1.75% 30/6/2024 $2,601,000 United States Treasury 1,984 0.11 $3,880,000 United States Treasury 3,072 0.17 Note/Bond 2% 31/10/2021 Note/Bond 1.75% 31/7/2024 $5,925,000 United States Treasury 4,524 0.26 $5,480,000 United States Treasury 4,360 0.25 Note/Bond 2% 15/11/2021 Note/Bond 1.75% $2,910,000 United States Treasury 2,227 0.13 31/12/2024 Note/Bond 2% 31/12/2021

BlackRock Collective Investment Funds 346 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$8,019,000 United States Treasury 6,149 0.35 $3,649,000 United States Treasury 2,943 0.17 Note/Bond 2% 15/2/2022 Note/Bond 2.125% $2,136,000 United States Treasury 1,652 0.09 30/11/2024 Note/Bond 2% 31/7/2022 $5,377,000 United States Treasury 4,366 0.25 $2,045,000 United States Treasury 1,589 0.09 Note/Bond 2.125% Note/Bond 2% 31/10/2022 15/5/2025 $6,456,000 United States Treasury 5,022 0.29 $3,100,000 United States Treasury 2,547 0.14 Note/Bond 2% 30/11/2022 Note/Bond 2.125% $5,324,000 United States Treasury 4,156 0.24 31/5/2026 Note/Bond 2% 15/2/2023 $2,000,000 United States Treasury 1,545 0.09 $2,580,000 United States Treasury 2,054 0.12 Note/Bond 2.25% 15/4/2022 Note/Bond 2% 30/4/2024 $2,359,000 United States Treasury 1,883 0.11 $6,320,000 United States Treasury 5,037 0.29 Note/Bond 2.25% Note/Bond 2% 31/5/2024 31/12/2023 $3,301,000 United States Treasury 2,634 0.15 $1,990,000 United States Treasury 1,591 0.09 Note/Bond 2% 30/6/2024 Note/Bond 2.25% 31/1/2024 $6,314,000 United States Treasury 5,083 0.29 $1,630,000 United States Treasury 1,309 0.07 Note/Bond 2% 15/2/2025 Note/Bond 2.25% 30/4/2024 $4,970,000 United States Treasury 4,025 0.23 $1,840,000 United States Treasury 1,489 0.08 Note/Bond 2% 15/8/2025Ø Note/Bond 2.25% 31/10/2024 $5,600,000 United States Treasury 4,589 0.26 Note/Bond 2% 15/11/2026Ø $6,769,000 United States Treasury 5,484 0.31 Note/Bond 2.25% $5,330,000 United States Treasury 4,486 0.25 15/11/2024 Note/Bond 2% 15/2/2050 $2,199,000 United States Treasury 1,785 0.10 $2,601,000 United States Treasury 1,993 0.11 Note/Bond 2.25% Note/Bond 2.125% 31/12/2024 31/12/2021 $7,381,000 United States Treasury 6,067 0.34 $5,150,000 United States Treasury 3,975 0.23 Note/Bond 2.25% Note/Bond 2.125% 15/11/2025 15/5/2022Ø $2,890,000 United States Treasury 2,386 0.14 $1,960,000 United States Treasury 1,517 0.09 Note/Bond 2.25% 31/3/2026 Note/Bond 2.125% 30/6/2022 $4,198,000 United States Treasury 3,497 0.20 Note/Bond 2.25% $6,461,000 United States Treasury 5,047 0.29 15/2/2027Ø Note/Bond 2.125% 31/12/2022 $6,666,000 United States Treasury 5,580 0.32 Note/Bond 2.25% $3,209,000 United States Treasury 2,548 0.14 Ø Note/Bond 2.125% 15/8/2027 30/11/2023 $5,720,000 United States Treasury 4,800 0.27 Note/Bond 2.25% $2,634,000 United States Treasury 2,101 0.12 Ø Note/Bond 2.125% 15/11/2027 29/2/2024 $3,504,000 United States Treasury 3,072 0.17 $8,410,000 United States Treasury 6,715 0.38 Note/Bond 2.25% 15/8/2046 Note/Bond 2.125% $5,770,000 United States Treasury 5,105 0.29 31/3/2024 Note/Bond 2.25% 15/8/2049 $3,074,000 United States Treasury 2,467 0.14 $4,210,000 United States Treasury 3,252 0.18 Note/Bond 2.125% Note/Bond 2.375% 31/7/2024 15/3/2022 $2,500,000 United States Treasury 2,012 0.11 $3,950,000 United States Treasury 3,108 0.18 Note/Bond 2.125% Note/Bond 2.375% 30/9/2024 31/1/2023

347 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$2,620,000 United States Treasury 2,106 0.12 $4,000,000 United States Treasury 3,230 0.18 Note/Bond 2.375% Note/Bond 2.625% 29/2/2024Ø 31/12/2023 $5,329,000 United States Treasury 4,319 0.25 $3,866,000 United States Treasury 3,199 0.18 Note/Bond 2.375% Note/Bond 2.625% 15/8/2024 31/3/2025 $3,990,000 United States Treasury 3,318 0.19 $2,590,000 United States Treasury 2,171 0.12 Note/Bond 2.375% Note/Bond 2.625% 30/4/2026 31/12/2025 $7,510,000 United States Treasury 6,318 0.36 $2,860,000 United States Treasury 2,400 0.14 Note/Bond 2.375% Note/Bond 2.625% 15/5/2027 31/1/2026 $8,020,000 United States Treasury 6,880 0.39 $7,430,000 United States Treasury 6,473 0.37 Note/Bond 2.375% Note/Bond 2.625% 15/5/2029Ø 15/2/2029Ø $5,450,000 United States Treasury 4,951 0.28 $400,000 United States Treasury 319 0.02 Note/Bond 2.375% Note/Bond 2.75% 15/11/2049 30/4/2023Ø $3,410,000 United States Treasury 2,629 0.15 $3,200,000 United States Treasury 2,560 0.15 Note/Bond 2.5% 15/1/2022 Note/Bond 2.75% 31/5/2023 $4,280,000 United States Treasury 3,306 0.19 $4,044,000 United States Treasury 3,248 0.18 Note/Bond 2.5% 15/2/2022 Note/Bond 2.75% Ø $4,792,000 United States Treasury 3,796 0.22 31/7/2023 Note/Bond 2.5% 31/3/2023 $5,000,000 United States Treasury 4,024 0.23 $5,577,000 United States Treasury 4,453 0.25 Note/Bond 2.75% 31/8/2023 Note/Bond 2.5% 15/8/2023Ø $5,868,000 United States Treasury 4,744 0.27 $1,680,000 United States Treasury 1,354 0.08 Note/Bond 2.75% Note/Bond 2.5% 31/1/2024 15/11/2023 $6,894,000 United States Treasury 5,587 0.32 $5,589,000 United States Treasury 4,544 0.26 Note/Bond 2.5% 15/5/2024 Note/Bond 2.75% 15/2/2024 $3,325,000 United States Treasury 2,729 0.15 $1,450,000 United States Treasury 1,204 0.07 Note/Bond 2.5% 31/1/2025 Note/Bond 2.75% 28/2/2025 $4,000,000 United States Treasury 3,342 0.19 $1,817,000 United States Treasury 1,519 0.09 Note/Bond 2.5% 28/2/2026 Note/Bond 2.75% 30/6/2025 $3,800,000 United States Treasury 3,472 0.20 $2,800,000 United States Treasury 2,347 0.13 Note/Bond 2.5% 15/2/2045 Note/Bond 2.75% 31/8/2025 $3,520,000 United States Treasury 3,226 0.18 $5,440,000 United States Treasury 4,724 0.27 Note/Bond 2.5% 15/2/2046 Note/Bond 2.75% 15/2/2028 $3,510,000 United States Treasury 3,220 0.18 $3,640,000 United States Treasury 3,463 0.20 Note/Bond 2.5% 15/5/2046 Note/Bond 2.75% 15/8/2042 $4,500,000 United States Treasury 3,468 0.20 $3,810,000 United States Treasury 3,621 0.21 Note/Bond 2.625% Note/Bond 2.75% 15/12/2021 15/11/2042 $6,130,000 United States Treasury 4,861 0.28 $3,520,000 United States Treasury 3,396 0.19 Note/Bond 2.625% Note/Bond 2.75% 15/8/2047 28/2/2023 $3,524,000 United States Treasury 3,404 0.19 $3,711,000 United States Treasury 2,965 0.17 Note/Bond 2.75% Note/Bond 2.625% 15/11/2047 30/6/2023 $350,000 United States Treasury 269 0.02 Note/Bond 2.875% 15/10/2021

BlackRock Collective Investment Funds 348 iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$3,320,000 United States Treasury 2,561 0.15 $3,840,000 United States Treasury 3,831 0.22 Note/Bond 2.875% Note/Bond 3% 15/11/2045 15/11/2021 $3,510,000 United States Treasury 3,527 0.20 $2,080,000 United States Treasury 1,683 0.10 Note/Bond 3% 15/2/2047 Note/Bond 2.875% $3,560,000 United States Treasury 3,581 0.20 30/9/2023 Note/Bond 3% 15/5/2047 $3,180,000 United States Treasury 2,578 0.15 $3,790,000 United States Treasury 3,828 0.22 Note/Bond 2.875% Note/Bond 3% 15/2/2048Ø 31/10/2023 $4,350,000 United States Treasury 4,409 0.25 $2,839,000 United States Treasury 2,306 0.13 Note/Bond 3% 15/8/2048 Note/Bond 2.875% $5,020,000 United States Treasury 5,105 0.29 30/11/2023 Note/Bond 3% 15/2/2049 $4,730,000 United States Treasury 3,961 0.22 $7,580,000 United States Treasury 6,814 0.39 Note/Bond 2.875% Note/Bond 3.125% 30/4/2025 15/11/2028 $5,990,000 United States Treasury 5,025 0.29 $3,730,000 United States Treasury 3,743 0.21 Note/Bond 2.875% Note/Bond 3.125% 31/5/2025 15/11/2041 $3,299,000 United States Treasury 2,776 0.16 $3,722,000 United States Treasury 3,743 0.21 Note/Bond 2.875% Note/Bond 3.125% 31/7/2025 15/2/2042 $3,800,000 United States Treasury 3,218 0.18 $3,810,000 United States Treasury 3,832 0.22 Note/Bond 2.875% Note/Bond 3.125% 30/11/2025 15/2/2043 $6,962,000 United States Treasury 6,114 0.35 $3,750,000 United States Treasury 3,790 0.22 Note/Bond 2.875% Note/Bond 3.125% 15/5/2028 15/8/2044 $7,270,000 United States Treasury 6,404 0.36 $4,159,000 United States Treasury 4,299 0.24 Note/Bond 2.875% Note/Bond 3.125% 15/8/2028 15/5/2048 $3,797,000 United States Treasury 3,679 0.21 $3,780,000 United States Treasury 3,962 0.23 Note/Bond 2.875% Note/Bond 3.375% 15/5/2043 15/5/2044 $3,750,000 United States Treasury 3,658 0.21 $4,610,000 United States Treasury 4,989 0.28 Note/Bond 2.875% Note/Bond 3.375% 15/8/2045 15/11/2048 $3,650,000 United States Treasury 3,584 0.20 $2,270,000 United States Treasury 2,370 0.13 Note/Bond 2.875% Note/Bond 3.5% 15/2/2039 15/11/2046 $3,830,000 United States Treasury 4,147 0.24 $5,190,000 United States Treasury 5,191 0.29 Note/Bond 3.625% Note/Bond 2.875% 15/8/2043 15/5/2049Ø $3,880,000 United States Treasury 4,210 0.24 $2,830,000 United States Treasury 2,403 0.14 Note/Bond 3.625% Note/Bond 3% 30/9/2025 15/2/2044 $1,340,000 United States Treasury 1,139 0.06 $3,834,000 United States Treasury 4,181 0.24 Note/Bond 3% 31/10/2025 Note/Bond 3.75% 15/8/2041 $3,852,000 United States Treasury 3,802 0.22 $3,770,000 United States Treasury 4,159 0.24 Note/Bond 3% 15/5/2042 Note/Bond 3.75% $3,790,000 United States Treasury 3,760 0.21 15/11/2043 Note/Bond 3% 15/11/2044 $3,812,000 United States Treasury 4,197 0.24 $3,730,000 United States Treasury 3,709 0.21 Note/Bond 3.875% Note/Bond 3% 15/5/2045 15/8/2040

349 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

$3,136,000 United States Treasury 3,576 0.20 $860,000 United States Treasury 951 0.05 Note/Bond 4.25% 15/5/2039 Note/Bond 6.125% $3,720,000 United States Treasury 4,295 0.24 15/8/2029 Note/Bond 4.25% $3,420,000 United States Treasury 3,010 0.17 15/11/2040 Note/Bond 6.25% 15/8/2023 $1,753,000 United States Treasury 2,008 0.11 $1,609,000 United States Treasury 1,834 0.10 Note/Bond 4.375% Note/Bond 6.25% 15/5/2030 15/2/2038 $1,165,000 United States Treasury 1,221 0.07 $3,780,000 United States Treasury 4,389 0.25 Note/Bond 6.375% Note/Bond 4.375% 15/8/2027 15/11/2039 $985,000 United States Treasury 1,011 0.06 $4,130,000 United States Treasury 4,819 0.27 Note/Bond 6.5% 15/11/2026 Note/Bond 4.375% $900,000 United States Treasury 937 0.05 15/5/2040 Note/Bond 6.625% $3,922,000 United States Treasury 4,612 0.26 15/2/2027 Note/Bond 4.375% $1,340,000 United States Treasury 1,376 0.08 15/5/2041 Note/Bond 6.75% 15/8/2026 $2,130,000 United States Treasury 2,403 0.14 $220,000 United States Treasury 217 0.01 Note/Bond 4.5% 15/2/2036 Note/Bond 6.875% $1,800,000 United States Treasury 2,092 0.12 15/8/2025 Note/Bond 4.5% 15/5/2038 $1,830,000 United States Treasury 1,599 0.09 $3,790,000 United States Treasury 4,454 0.25 Note/Bond 7.125% Note/Bond 4.5% 15/8/2039 15/2/2023 $3,820,000 United States Treasury 4,573 0.26 $3,060,000 United States Treasury 2,600 0.15 Note/Bond 4.625% Note/Bond 7.25% 15/8/2022 15/2/2040 $500,000 United States Treasury 487 0.03 $1,050,000 United States Treasury 1,232 0.07 Note/Bond 7.5% 15/11/2024 Note/Bond 4.75% 15/2/2037 $720,000 United States Treasury 626 0.04 $3,920,000 United States Treasury 4,808 0.27 Note/Bond 7.625% Note/Bond 4.75% 15/2/2041 15/11/2022 $1,240,000 United States Treasury 1,497 0.08 $679,000 United States Treasury 673 0.04 Note/Bond 5% 15/5/2037 Note/Bond 7.625% $965,000 United States Treasury 991 0.06 15/2/2025 Note/Bond 5.25% $3,427,000 United States Treasury 2,799 0.16 15/11/2028 Note/Bond 8% 15/11/2021 $1,000,000 United States Treasury 1,034 0.06 805,155 45.75 Note/Bond 5.25% 15/2/2029 $2,691,000 United States Treasury 2,959 0.17 Note/Bond 5.375% Portfolio of investments 1,746,953 99.26 15/2/2031 Net other assets 13,055 0.74 $925,000 United States Treasury 957 0.05 Total net assets 1,760,008 100.00 Note/Bond 5.5% 15/8/2028 $880,000 United States Treasury 857 0.05 Unless otherwise stated, all securities are either listed on a recognised exchange or traded on an Note/Bond 6% 15/2/2026 eligible securities market. Ø All or a portion of this investment represents a security on loan. $2,724,000 United States Treasury 2,847 0.16 Note/Bond 6.125% 15/11/2027

BlackRock Collective Investment Funds 350 iShares Overseas Government Bond Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital (losses)/gains (9,802) 291,944 Revenue 10,553 13,869 Expenses (635) (695) Interest payable and similar charges (17) (11) Net revenue before taxation 9,901 13,163 Taxation – – Net revenue after taxation 9,901 13,163 Total return before distributions 99 305,107 Distributions (9,870) (13,163) Change in net assets attributable to unitholders from investment activities (9,771) 291,944

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 1,899,314 1,713,691 Amounts receivable on issue of units 487,370 248,822 Amounts payable on cancellation of units (627,108) (314,693) (139,738) (65,871) Change in net assets attributable to unitholders from investment activities (9,771) 291,944 Retained distribution on accumulation units 10,203 12,589 Closing net assets attributable to unitholders 1,760,008 1,952,353 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

351 BlackRock Collective Investment Funds iShares Overseas Government Bond Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 1,746,953 1,882,427 Current assets − Debtors 55,585 64,858 − Cash and bank balances 7,380 7,393 Total assets 1,809,918 1,954,678

Liabilities: Creditors − Distributions payable (186) (196) − Other creditors (49,724) (55,168) Total liabilities (49,910) (55,364) Net assets attributable to unitholders 1,760,008 1,899,314

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 352 iShares Pacific Ex Japan Equity Index Fund (UK)

About the Fund

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Accumulation 123456 7 L Accumulation 123456 7 X Income 123456 7 XAccumulation123456 7 D Accumulation 123456 7 H Accumulation 123456 7

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

353 BlackRock Collective Investment Funds iShares Pacific Ex Japan Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 770,313 2,553 331.4 L Accumulation 167,866,583 574,628 342.3 X Income 4,487,665 6,429 143.3 X Accumulation 224,745,930 415,353 184.8 D Accumulation 36,962,704 125,273 338.9 H Accumulation 92,734,268 153,819 165.9

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 5.2047 L Accumulation 5.7585 X Income 2.6038 X Accumulation 3.2589 D Accumulation 5.8742 H Accumulation 2.8751

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.54% 0.54% L Accumulation 0.24% 0.24% X Income 0.04% 0.04% X Accumulation 0.04% 0.04% D Accumulation 0.12% 0.12% H Accumulation 0.12% 0.12% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

BlackRock Collective Investment Funds 354 iShares Pacific Ex Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

347,936 Downer EDIØ 861 0.07 ASIA AND PACIFIC − 97.56%; 29.2.2020 95.30% 505,736 Evolution MiningØ 1,550 0.12 EQUITIES − 97.56%; 29.2.2020 95.30% 41,948 Flight Centre TravelØ 307 0.02 742,278 Fortescue MetalsØ 7,138 0.56 Australia − 27.52%; 29.2.2020 27.21% 837,612 Goodman 8,471 0.66 227,643 Adbri 321 0.03 879,101 GPT 1,860 0.15 96,421 Afterpay 4,869 0.38 302,120 Harvey Norman 736 0.06 294,383 AGL Energy 2,405 0.19 63,362 IDP EducationØ 699 0.05 229,175 ALS 1,105 0.09 191,594 Iluka Resources 1,073 0.08 48,209 AltiumØ 972 0.08 896,289 Incitec Pivot 1,040 0.08 1,152,089 AluminaØ 999 0.08 1,093,172 Insurance Australia 2,874 0.22 1,636,975 AMPØ 1,383 0.11 171,549 IOOFØ 439 0.03 116,898 Ampol 1,679 0.13 50,503 JB Hi-FiØ 1,399 0.11 62,295 Ansell 1,331 0.10 312,218 Lendlease 2,004 0.16 558,449 APAØ 3,214 0.25 149,667 Macquarie 10,556 0.83 301,924 Aristocrat LeisureØ 4,731 0.37 63,689 Magellan FinancialØ 2,084 0.16 91,565 ASX 4,417 0.35 1,317,951 Medibank Pvt 1,987 0.16 449,709 Atlas ArteriaØ 1,612 0.13 463,044 MetcashØ 744 0.06 869,730 Aurizon 2,090 0.16 1,785,527 Mirvac 2,071 0.16 829,992 AusNet ServicesØ 837 0.07 1,204,000 MMGØ 239 0.02 1,324,179 Australia & New Zealand 13,362 1.05 Banking 1,492,254 National Australia Bank 14,778 1.16 207,005 Bank of Queensland 699 0.05 375,978 Newcrest Mining 6,635 0.52 877,167 Beach EnergyØ 736 0.06 338,811 Northern Star Resources 2,554 0.20 Ø 256,327 Bendigo & Adelaide 925 0.07 135,609 Nufarm 301 0.02 Ø BankØ 899,067 Oil Search 1,624 0.13 2,223,675 BGP2 –0.00 189,588 Orica 1,820 0.14 Ø 1,375,384 BHPØ 28,792 2.25 802,365 Origin Energy 2,482 0.19 Ø 234,186 BlueScope Steel 1,641 0.13 420,217 Orora 520 0.04 Ø 559,384 BoralØ 1,236 0.10 144,768 OZ Minerals 1,169 0.09 719,484 BramblesØ 4,403 0.34 22,391 Perpetual 383 0.03 276,339 Challenger 623 0.05 121,738 Platinum Asset Management 249 0.02 217,786 Charter Hall 1,505 0.12 320,809 Qantas Airways 698 0.05 47,615 CIMICØ 557 0.04 670,617 QBE Insurance 3,930 0.31 Ø 584,313 Cleanaway Waste 829 0.06 666,138 Qube 1,008 0.08 Management 79,317 Ramsay Health Care 2,850 0.22 243,191 Coca-Cola Amatil 1,222 0.10 23,805 REA 1,501 0.12 30,285 Cochlear 3,214 0.25 836,948 Santos 2,621 0.21 589,958 Coles 5,777 0.45 2,419,124 Scentre 3,006 0.24 Ø 826,670 Commonwealth Bank of 31,177 2.44 158,808 SEEK 1,813 0.14 Australia 55,325 SevenØ 583 0.05 225,052 Computershare 1,652 0.13 529,758 Shopping Centres Australasia 655 0.05 155,220 Crown Resorts 772 0.06 Property 211,587 CSL 33,425 2.62 224,621 Sonic Healthcare 3,975 0.31 212,742 CSR 430 0.03 2,250,768 South32 2,611 0.20 511,964 Dexus 2,494 0.20 346,893 Star Entertainment Grp 565 0.04 93,725 Domain Australia 193 0.02 1,095,443 Stockland 2,396 0.19 27,664 Domino’s Pizza 1,234 0.10 596,455 Suncorp 3,064 0.24 EnterprisesØ 600,811 Sydney Airport 1,895 0.15

355 BlackRock Collective Investment Funds iShares Pacific Ex Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

926,774 Tabcorp 1,848 0.14 512,000 Chow Tai Fook JewelleryØ 429 0.03 84,252 Tabcorp 151 0.01 1,240,109 CK AssetØ 5,019 0.39 1,959,794 Telstra 3,117 0.24 1,245,609 CK HutchisonØ 6,092 0.48 163,346 TPG Telecom 743 0.06 280,500 CK InfrastructureØ 1,107 0.09 1,276,222 TransurbanØ 9,481 0.74 758,831 CLPØ 5,565 0.44 341,158 Treasury Wine Estates 1,743 0.14 187,801 Dah Sing BankingØ 133 0.01 96,990 TuasØ 27 0.00 73,622 Dah Sing FinancialØ 156 0.01 1,688,964 Vicinity Centres 1,339 0.10 119,100 Dairy Farm International 371 0.03 298,619 Vocus 549 0.04 577,000 ESR CaymanØ 1,284 0.10 42,000 Washington H Soul Pattinson &Ø 486 0.04 1,303,150 First PacificØ 271 0.02 528,371 Wesfarmers 13,865 1.08 995,300 Galaxy EntertainmentØ 5,856 0.46 1,685,917 Westpac Banking 16,324 1.28 743,000 Guotai Junan InternationalØ 82 0.01 432,267 Whitehaven Coal 221 0.02 1,287,738 Haitong InternationalØ 256 0.02 34,247 WiseTech GlobalØ 533 0.04 391,000 Hang LungØ 753 0.06 440,597 Woodside Petroleum 4,765 0.37 927,665 Hang Lung PropertiesØ 1,949 0.15 592,109 Woolworths 13,039 1.02 333,726 Hang Seng BankØ 3,920 0.31 141,510 Worley 752 0.06 605,324 Henderson Land DevelopmentØ 1,779 0.14 4,777,506 Hong Kong & China GasØ 5,184 0.41 351,664 27.52 600,081 Hong Kong Exchanges & 22,611 1.77 Cambodia − 0.05%; 29.2.2020 0.06% ClearingØ 712,000 NagaCorpØ 642 0.05 540,197 Hongkong Land 1,545 0.12 363,000 Huabao InternationalØ 241 0.02 China − 0.98%; 29.2.2020 0.86% 2,559,000 Hutchison Port TrustØ 201 0.02 316,000 AAC TechnologiesØ 1,488 0.12 530,000 Hutchison Telecommunications 62 0.00 1,678,000 FIH MobileØ 142 0.01 Hong KongØ 3,524,000 LenovoØ 1,756 0.14 297,970 Hysan DevelopmentØ 704 0.06 318,000 MinthØ 795 0.06 98,893 Jardine Matheson 3,102 0.24 1,441,100 Semiconductor Manufacturing 3,451 0.27 82,767 Jardine Strategic 1,240 0.10 InternationalØ 178,554 Johnson ElectricØ 263 0.02 1,962,158 Shui On LandØ 200 0.02 163,000 JS Global Lifestyle 196 0.02 876,394 Tingyi Cayman IslandsØ 1,230 0.10 279,109 Kerry Logistics NetworkØ 346 0.03 590,000 Uni-President ChinaØ 401 0.03 246,218 Kerry PropertiesØ 475 0.04 2,593,117 Want Want ChinaØ 1,329 0.10 271,500 Lifestyle InternationalØ 183 0.01 1,762,383 Xinyi SolarØ 1,658 0.13 955,096 Link REITØ 5,665 0.44 12,450 0.98 384,000 Melco International 633 0.05 DevelopmentØ Hong Kong − 13.48%; 29.2.2020 14.20% 666,889 MTRØ 2,593 0.20 5,645,919 AIAØ 43,390 3.40 668,579 New World DevelopmentØ 2,587 0.20 148,706 ASM Pacific TechnologyØ 1,194 0.09 634,718 NWSØ 403 0.03 574,454 Bank of East AsiaØ 964 0.08 1,916,382 PCCWØ 898 0.07 1,697,126 BOC Hong KongØ 3,598 0.28 644,697 Power AssetsØ 2,758 0.22 1,533,000 Brightoil Petroleum3 89 0.01 416,000 Sa InternationalØ 53 0.00 544,200 Budweiser Brewing APACØ 1,366 0.11 558,969 Shangri-La AsiaØ 339 0.03 132,000 Cafe de CoralØ 227 0.02 1,512,000 Shougang Fushan ResourcesØ 256 0.02 503,999 Cathay Pacific AirwaysØ 306 0.02 995,443 Shun TakØ 258 0.02 982,000 Champion REITØ 387 0.03 1,551,280 Sino LandØ 1,350 0.11 1,237,000 China Mengniu DairyØ 4,542 0.36 515,000 SITC InternationalØ 505 0.04 1,246,800 China Travel International 141 0.01 897,000 SJMØ 921 0.07 Investment Hong KongØ

BlackRock Collective Investment Funds 356 iShares Pacific Ex Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

1,056,007 Sun Art RetailØ 1,026 0.08 1,110,927 IOI Properties 179 0.01 660,897 Sun Hung Kai PropertiesØ 6,604 0.52 212,200 Kuala Lumpur Kepong 862 0.07 243,465 Swire PacificØ 988 0.08 2,835,729 Malayan Banking 3,727 0.29 443,193 Swire PacificØ 301 0.02 465,420 Malaysia Airports 426 0.03 503,360 Swire PropertiesØ 1,019 0.08 1,339,632 Maxis 1,201 0.09 579,000 Techtronic IndustriesØ 5,490 0.43 685,400 MISC 935 0.07 115,800 Television Broadcasts 96 0.01 28,800 Nestle Malaysia 719 0.06 621,000 Towngas ChinaØ 211 0.02 1,355,526 Petronas Chemicals 1,327 0.10 3,284,000 United EnergyØ 405 0.03 155,900 Petronas Dagangan 576 0.05 348,000 Vitasoy InternationalØ 924 0.07 262,724 Petronas Gas 777 0.06 80,100 VTechØ 348 0.03 305,080 PPB 985 0.08 3,953,000 WHØ 2,545 0.20 883,100 Press Metal Aluminium 825 0.06 712,836 WharfØ 1,037 0.08 1,463,688 Public Bank 4,309 0.34 756,836 Wharf Real Estate InvestmentØ 2,348 0.18 346,000 QL Resources 596 0.05 964,712 Xinyi GlassØ 1,244 0.10 767,370 RHB Bank 630 0.05 266,500 Yue Yuen IndustrialØ 344 0.03 1,713,567 Sime Darby 673 0.05 1,698,967 Sime Darby Plantation 1,551 0.12 171,728 13.48 1,875,167 Sime Darby Property 220 0.02 Macau − 0.39%; 29.2.2020 0.45% 485,018 Telekom Malaysia 361 0.03 602,000 Macau Legend DevelopmentØ 53 0.00 1,844,500 Tenaga Nasional 3,592 0.28 373,298 MGM ChinaØ 404 0.03 799,400 Top Glove 3,752 0.29 1,126,423 Sands ChinaØ 3,712 0.29 598,800 UEM Sunrise 43 0.00 676,000 Wynn MacauØ 949 0.07 455,600 Westports 298 0.02 2,376,211 YTL 285 0.02 5,118 0.39 44,102 3.42 Malaysia − 3.42%; 29.2.2020 3.57% 791,500 AirAsia 94 0.01 New Zealand − 1.60%; 29.2.2020 1.42% 599,708 Alliance Bank Malaysia 234 0.02 345,586 a2 Milk 3,236 0.25 848,812 AMMB 444 0.03 144,139 Air New ZealandØ 101 0.01 641,700 Astro Malaysia 89 0.01 554,478 Auckland International AirportØ 1,850 0.14 2,134,963 Axiata 1,152 0.09 315,046 Contact Energy 989 0.08 72,700 British American Tobacco 133 0.01 262,537 Fisher & Paykel Healthcare 4,884 0.38 Malaysia 368,202 Fletcher BuildingØ 665 0.05 3,301,737 CIMB 1,954 0.15 677,269 Kiwi Property 349 0.03 2,078,600 Dialog 1,338 0.10 330,740 Mercury NZ 865 0.07 1,767,588 DiGi.Com 1,252 0.10 570,073 Meridian Energy 1,459 0.11 721,000 FGV 158 0.01 187,344 Ryman Healthcare 1,269 0.10 49,500 Fraser & Neave 272 0.02 328,779 SKYCITY EntertainmentØ 415 0.03 1,082,300 Gamuda 660 0.05 847,583 Spark New Zealand 2,067 0.16 1,038,196 Genting 653 0.05 43,417 Xero 2,421 0.19 1,357,900 Genting Malaysia 555 0.04 20,570 1.60 327,600 HAP Seng Consolidated 423 0.03 687,300 Hartalega 2,036 0.16 Singapore − 4.55%; 29.2.2020 5.36% 263,400 Hong Leong Bank 661 0.05 1,389,864 Ascendas Real Estate 2,527 0.20 121,194 Hong Leong Financial 268 0.02 Investment Trust 1,446,500 IHH Healthcare 1,390 0.11 696,000 Ascott Residence TrustØ 342 0.03 1,592,600 IJM 343 0.03 90,000 BOC AviationØ 499 0.04 1,430,545 IOI 1,144 0.09 1,195,094 CapitaLand 1,818 0.14

357 BlackRock Collective Investment Funds iShares Pacific Ex Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

1,320,056 CapitaLand Commercial Trust 1,211 0.09 33,380 Celltrion HealthcareØ 2,101 0.16 1,119,306 CapitaLand Mall Trust 1,199 0.09 33,320 Cheil WorldwideØ 381 0.03 218,446 City DevelopmentsØ 958 0.08 6,281 CJ 320 0.03 912,159 ComfortDelGro 737 0.06 3,577 CJ CheilJedang 915 0.07 844,566 DBSØ 9,682 0.76 1,187 CJ CheilJedang 122 0.01 176,900 Frasers PropertyØ 114 0.01 5,033 CJ ENM 376 0.03 2,697,185 Genting SingaporeØ 1,030 0.08 3,088 CJ Logistics 294 0.02 3,186,508 Golden Agri-ResourcesØ 252 0.02 26,251 Coway 1,317 0.10 49,326 Jardine Cycle & CarriageØ 513 0.04 12,209 Daelim IndustrialØ 667 0.05 648,565 KeppelØ 1,628 0.13 103,728 Daewoo Engineering & 192 0.02 933,400 Keppel REIT 538 0.04 Construction 967,855 Mapletree Commercial Trust 1,015 0.08 22,532 Daewoo Shipbuilding & Marine 313 0.02 739,300 Mapletree Industrial TrustØ 1,239 0.10 Engineering 1,194,800 Mapletree Logistics Trust 1,352 0.11 23,337 DB Insurance 640 0.05 968,800 Mapletree North Asia 498 0.04 80,891 DGB Financial 269 0.02 Commercial TrustØ 11,660 Dongsuh Cos 187 0.01 301,300 Olam International 218 0.02 10,963 Doosan Bobcat 181 0.01 1,655,043 Oversea-Chinese Banking 7,873 0.62 64,047 Doosan Heavy Industries & 646 0.05 318,600 SATS 523 0.04 Construction Ø 440,281 Sembcorp Industries 450 0.04 58,300 Doosan Infracore 295 0.02 Ø 439,330 Sembcorp MarineØ 49 0.00 3,814 Doosan Solus 96 0.01 2,196,650 Sembcorp Marine Rights 10.00 8,299 E-MART 626 0.05 14/09/2020 Rights 14/9/2020 22,231 Fila 485 0.04 89,400 SIA EngineeringØ 90 0.01 21,920 GS 448 0.04 599,682 Singapore AirlinesØ 1,202 0.09 28,117 GS Engineering & Construction 436 0.03 404,497 Singapore ExchangeØ 1,913 0.15 13,272 GS Retail 275 0.02 758,400 Singapore PostØ 292 0.02 132,502 Hana Financial 2,349 0.18 723,750 Singapore PressØ 429 0.03 38,011 Hankook Tire & Technology 705 0.06 703,800 Singapore Technologies 1,314 0.10 3,602 Hanmi Pharm 694 0.05 EngineeringØ 7,773 Hanmi Science 286 0.02 3,415,339 Singapore TelecommunicationsØ 4,315 0.34 75,141 Hanon Systems 609 0.05 246,610 StarHub 164 0.01 3,864 HanssemØ 236 0.02 953,600 Suntec Real Estate Investment 733 0.06 19,805 HanwhaØ 342 0.03 Ø Tr ust 9,633 Hanwha 78 0.00 617,434 United Overseas Bank 6,634 0.52 17,265 Hanwha Aerospace 280 0.02 Ø 212,534 UOL 766 0.06 143,997 Hanwha Life Insurance 139 0.01 Ø 121,700 Venture 1,327 0.10 39,544 Hanwha Solutions 992 0.08 1,002,030 Wilmar International 2,400 0.19 20,720 HDC Hyundai Development Co- 300 0.02 153,821 Wing TaiØ 144 0.01 Engineering & Construction 10,913 HelixmithØ 338 0.03 57,989 4.55 14,491 Hite JinroØ 336 0.03 South Korea − 20.06%; 29.2.2020 18.51% 18,556 HLBØ 1,013 0.08 13,324 Amorepacific 427 0.03 13,713 Hotel ShillaØ 606 0.05 14,602 Amorepacific 1,538 0.12 7,626 Hyundai Department Store 257 0.02 5,850 Amorepacific 220 0.02 33,301 Hyundai Engineering & 674 0.05 3,145 BGF retailØ 252 0.02 Construction 140,156 BNK Financial 448 0.04 8,186 Hyundai Glovis 746 0.06 48,094 CelltrionØ 8,981 0.70 4,938 Hyundai Heavy IndustriesØ 702 0.06

BlackRock Collective Investment Funds 358 iShares Pacific Ex Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

28,645 Hyundai Marine & Fire 397 0.03 8,372 NetmarbleØ 876 0.07 Insurance 68,508 NH Investment & 386 0.03 10,625 Hyundai Mipo Dockyard 205 0.02 4,389 NHN 201 0.02 29,606 Hyundai Mobis 4,170 0.33 1,515 NongShim 342 0.03 Ø 16,741 Hyundai Motor 930 0.07 8,868 OCI 360 0.03 9,768 Hyundai Motor 534 0.04 10,361 OrionØ 915 0.07 Ø 64,955 Hyundai Motor 7,188 0.56 451 OttogiØ 171 0.01 Ø 36,360 Hyundai Steel 574 0.05 15,902 Paradise 132 0.01 6,824 Hyundai Wia 179 0.01 31,298 POSCOØ 3,621 0.28 Ø 143,720 Industrial Bank of Korea 731 0.06 9,981 POSCO Chemical 559 0.04 24,769 Kakao 6,330 0.50 17,331 Posco International 148 0.01 52,500 Kangwon Land 682 0.05 9,233 S-1 506 0.04 178,442 KB Financial 4,134 0.32 28,963 Samsung 549 0.04 2,293 KCC 200 0.02 6,215 Samsung Biologics 3,040 0.24 8,228 KEPCO Plant Service & 144 0.01 38,021 Samsung C&T 2,582 0.20 Engineering 11,622 Samsung Card 209 0.02 121,258 Kia Motors 3,232 0.25 25,305 Samsung Electro-Mechanics 1,981 0.16 29,419 Korea Aerospace Industries 415 0.03 2,192,999 Samsung Electronics 74,454 5.83 134,990 Korea Electric Power 1,740 0.14 384,312 Samsung Electronics 11,477 0.90 12,415 Korea Gas 184 0.01 70,068 Samsung EngineeringØ 498 0.04 16,902 Korea Investment 647 0.05 14,850 Samsung Fire & Marine 1,741 0.14 20,776 Korea Shipbuilding & Offshore 1,126 0.09 Insurance Ø Engineering 1,160 Samsung Fire & Marine 96 0.01 4,765 Korea Zinc 1,194 0.09 InsuranceØ 39,253 Korean Air Lines 436 0.03 207,464 Samsung Heavy IndustriesØ 673 0.05 Ø 51,221 KT&G 2,676 0.21 28,929 Samsung Life Insurance 1,113 0.09 8,665 Kumho Petrochemical 548 0.04 24,431 Samsung SDI 6,951 0.54 Ø 42,406 LG 2,205 0.17 14,835 Samsung SDS 1,469 0.12 Ø 21,218 LG Chem 9,872 0.77 213,709 Shinhan Financial 3,977 0.31 3,711 LG Chem 875 0.07 3,170 ShinsegaeØ 405 0.03 Ø 101,471 LG Display 931 0.07 25,798 SillaJen3 177 0.01 49,679 LG Electronics 2,630 0.21 14,653 SK 1,972 0.15 8,229 LG Electronics 168 0.01 240,800 SK Hynix 11,370 0.89 Ø 4,133 LG Household & Health Care 3,828 0.30 26,943 SK InnovationØ 2,456 0.19 839 LG Household & Health Care 370 0.03 64,378 SK Networks 210 0.02 85,115 LG Uplus 639 0.05 10,957 SK Telecom 1,702 0.13 Ø 13,570 Lotte 256 0.02 8,988 SKCØ 523 0.04 Ø 6,638 Lotte Chemical 791 0.06 18,817 S-Oil 668 0.05 2,090 Lotte Chilsung Beverage 124 0.01 47,302 Ssangyong Cement IndustrialØ 167 0.01 7,502 Lotte Fine Chemical 211 0.02 276,169 Woori Financial 1,469 0.12 Ø 5,321 Lotte Shopping 254 0.02 21,891 Yuhan 922 0.07 7,596 LSØ 216 0.02 256,612 20.06 17,990 Mando 355 0.03 2,027 MedytoxØ 318 0.02 Taiwan − 21.79%; 29.2.2020 19.59% 174,691 Mirae Asset DaewooØ 1,021 0.08 240,000 Accton Technology 1,430 0.11 59,296 Mirae Asset Daewoo 170 0.01 1,373,036 Acer 816 0.06 61,581 NAVER 12,486 0.98 194,003 Advantech 1,499 0.12 7,900 NCSoftØ 4,098 0.32 1,602,120 ASE Technology 2,492 0.20

359 BlackRock Collective Investment Funds iShares Pacific Ex Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

1,058,198 Asia Cement 1,145 0.09 692,246 MediaTek 9,797 0.77 333,805 Asustek Computer 2,065 0.16 5,149,876 Mega Financial 3,834 0.30 4,282,745 AU Optronics 1,134 0.09 2,605,441 Nan Ya Plastics 4,065 0.32 947,458 Capital 265 0.02 368,811 Nanya Technology 487 0.04 349,222 Catcher Technology 1,778 0.14 270,238 Novatek Microelectronics 1,651 0.13 3,909,144 Cathay Financial 3,960 0.31 52,133 OBI Pharma 157 0.01 575,786 Chailease 1,898 0.15 299,509 Oriental Union Chemical 130 0.01 3,130,795 Chang Hwa Commercial Bank 1,454 0.11 903,952 Pegatron 1,438 0.11 820,256 Cheng Shin Rubber Industry 752 0.06 1,290,451 Pou Chen 908 0.07 288,428 Chicony Electronics 649 0.05 265,895 President Chain Store 1,827 0.14 1,029,448 China Airlines 224 0.02 1,241,421 Quanta Computer 2,430 0.19 6,591,210 China Development Financial 1,433 0.11 218,506 Realtek Semiconductor 2,114 0.17 1,293,060 China Life Insurance Ltd/Taiwan 676 0.05 1,516,000 Shanghai Commercial & Savings 1,611 0.13 106,009 China Motor 114 0.01 Bank 5,804,956 China Steel 2,940 0.23 5,505,688 Shin Kong Financial 1,163 0.09 1,762,149 Chunghwa Telecom 4,867 0.38 5,027,196 SinoPac Financial 1,382 0.11 1,903,444 Compal Electronics 896 0.07 662,885 Synnex Technology International 737 0.06 8,582,083 CTBC Financial 4,140 0.32 4,923,407 Taishin Financial 1,654 0.13 1,000,891 Delta Electronics 4,802 0.38 2,168,477 Taiwan Business Bank 552 0.04 5,493,039 E.Sun Financial 3,796 0.30 2,355,503 Taiwan Cement 2,572 0.20 89,756 Eclat Textile 884 0.07 4,543,883 Taiwan Cooperative Financial 2,319 0.18 456,000 Epistar 463 0.04 327,000 Taiwan Fertilizer 452 0.04 381,438 Eternal Materials 335 0.03 674,834 Taiwan Glass Industry 197 0.02 1,142,993 Eva Airways 333 0.03 953,000 Taiwan High Speed Rail 787 0.06 1,230,595 Evergreen Marine Taiwan 545 0.04 763,453 Taiwan Mobile 1,972 0.15 877,044 Far Eastern International Bank 250 0.02 115,937 Taiwan Secom 251 0.02 1,850,379 Far Eastern New Century 1,243 0.10 11,208,015 Taiwan Semiconductor 121,675 9.52 766,710 Far EasTone 1,196 0.09 Manufacturing Telecommunications 799,000 Teco Electric and Machinery 596 0.05 210,936 Feng TAY Enterprise 915 0.07 127,835 TPK 160 0.01 4,687,220 First Financial 2,535 0.20 111,318 Transcend Information 186 0.01 484,000 FIT Hon TengØ 142 0.01 187,740 U-Ming Marine Transport 143 0.01 1,619,284 Formosa Chemicals & Fibre 2,795 0.22 617,597 Unimicron Technology 1,157 0.09 641,953 Formosa Petrochemical 1,340 0.10 2,207,186 Uni-President Enterprises 3,736 0.29 2,252,674 Formosa Plastics 4,478 0.35 5,224,284 United Microelectronics 2,819 0.22 532,590 Formosa Taffeta 429 0.03 431,196 Vanguard International 1,026 0.08 506,287 Foxconn Technology 671 0.05 Semiconductor 3,381,313 Fubon Financial 3,679 0.29 1,508,641 Walsin Lihwa 645 0.05 140,095 Giant Manufacturing 1,088 0.09 236,000 Walsin Technology 961 0.08 101,000 Globalwafers 1,012 0.08 319,468 Wan Hai Lines 172 0.01 5,587,241 Hon Hai Precision Industry 10,936 0.86 185,000 Win Semiconductors 1,347 0.11 145,000 Hotai Motor 2,203 0.17 1,307,719 Wistron 1,062 0.08 398,780 HTC 306 0.02 38,000 Wiwynn 756 0.06 ∩ 4,527,481 Hua Nan Financial 2,080 0.16 179,237 YA Hsin Industrial –0.00 3,854,260 Innolux 895 0.07 215,000 Yageo 1,822 0.14 1,419,282 Inventec 822 0.06 5,500,948 Yuanta Financial 2,569 0.20 47,566 Largan Precision 4,092 0.32 367,005 Yulon Motor 236 0.02 952,305 Lite-On Technology 1,125 0.09 9,000 Yulon Nissan Motor 56 0.00

BlackRock Collective Investment Funds 360 iShares Pacific Ex Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

277,000 Zhen Ding Technology 867 0.07 2,369,900 Krung Thai Bank 540 0.04 493,700 Krung Thai Bank 113 0.01 278,495 21.79 582,200 Krungthai Card 426 0.03 Thailand − 3.72%; 29.2.2020 4.07% 1,052,480 Land & Houses 187 0.01 205,800 Advanced Info ServiceØ 901 0.07 2,095,000 Land & Houses 372 0.03 333,000 Advanced Info Service 1,458 0.11 207,785 Minor InternationalØ 112 0.01 1,278,300 Airports of Thailand 1,718 0.13 1,655,136 Minor InternationalØ 890 0.07 675,000 Airports of Thailand 907 0.07 9,260 Minor International Warrants –0.00 3,449,800 Asset World 323 0.03 30/9/2021 331,500 B Grimm Power 368 0.03 83,812 Minor International Warrants 20.00 229,800 Bangkok Bank 587 0.05 30/9/2021 3,710,500 Bangkok Dusit Medical Services 1,843 0.14 75,233 Minor International Warrants 18 0.00 501,700 Bangkok Dusit Medical 249 0.02 31/7/2023 ServicesØ 9,444 Minor International Warrants 20.00 3,885,600 Bangkok Expressway & MetroØ 844 0.07 31/7/2023 Ø 187,380 Bangkok Life AssuranceØ 72 0.01 343,200 Muangthai Capital 410 0.03 69,700 Bangkok Life AssuranceØ 28 0.00 574,200 Osotspa 534 0.04 Ø 1,854,800 BanpuØ 254 0.02 5,264,600 PTT 4,548 0.36 255,800 Banpu 35 0.00 1,494,900 PTT 1,291 0.10 211,500 Berli Jucker 188 0.01 256,777 PTT Exploration & Production 548 0.04 273,800 Berli Jucker 243 0.02 411,500 PTT Exploration & Production 879 0.07 4,359,536 BTS 1,078 0.08 69,500 PTT Global Chemical 77 0.01 Ø 152,100 Bumrungrad Hospital 403 0.03 326,800 PTT Global Chemical 363 0.03 932,900 Central Pattana 1,052 0.08 527,900 PTT Global Chemical 586 0.05 221,900 Central Pattana 250 0.02 231,400 Ratch 310 0.02 Ø 1,042,700 Charoen Pokphand Foods 807 0.06 151,100 Ratch 202 0.02 682,700 Charoen Pokphand FoodsØ 528 0.04 135,000 Siam Cement 1,147 0.09 Ø 870,600 CP ALL 1,321 0.10 261,400 Siam Cement 2,221 0.17 Ø 1,595,400 CP ALL 2,422 0.19 29,587 Siam City Cement 100 0.01 197,500 Delta Electronics Thailand 545 0.04 21,636 Siam City Cement 73 0.01 2,456,942 Digital Telecommunications 873 0.07 831,600 Siam Commercial Bank 1,442 0.11 Infrastructure Fund 282,400 Siam Commercial Bank 490 0.04 Ø 60,800 Electricity GeneratingØ 324 0.03 160,300 Siam Makro 171 0.01 4 56,900 Electricity Generating 303 0.02 11,680 Srisawad Warrants 31/12/2049 –0.00 804,900 Energy Absolute 806 0.06 292,000 Srisawad 321 0.03 345,516 Global Power SynergyØ 531 0.04 145,000 Thai Oil 144 0.01 1,785,700 Gulf Energy DevelopmentØ 1,350 0.11 346,300 Thai Oil 345 0.03 202,450 Gulf Energy Development 70.00 914,000 Thai Union 309 0.02 Rights 21/9/2020 492,480 Thai Union 167 0.01 2,706,512 Home Product Center 968 0.08 14,719,389 TMB Bank 332 0.03 531,200 Indorama Ventures 302 0.02 5,535,229 TMB Bank 125 0.01 364,300 Indorama VenturesØ 207 0.02 126,700 Total Access Communication 108 0.01 683,300 Intouch 894 0.07 137,900 Total Access Communication 117 0.01 318,500 IntouchØ 417 0.03 5,278,478 TrueØ 421 0.03 2,370,100 IRPCØ 133 0.01 47,797 3.72 2,588,700 IRPCØ 145 0.01 262,700 KasikornbankØ 531 0.04 563,600 Kasikornbank 1,139 0.09

361 BlackRock Collective Investment Funds iShares Pacific Ex Japan Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment1 £000’s Assets Value Investment1 £000’s Assets

173,317 Rio TintoØ 9,380 0.73 EUROPE − 1.58%; 29.2.2020 1.36% 15,607 1.22 EQUITIES − 1.58%; 29.2.2020 1.36% NORTH AMERICA − 0.09%; 29.2.2020 0.12% Ireland − 0.28%; 29.2.2020 0.23% 209,117 James Hardie Industries 3,561 0.28 EQUITIES − 0.09%; 29.2.2020 0.12%

Italy − 0.05%; 29.2.2020 0.05% United States of America − 0.09%; 29.2.2020 0.12% 215,000 PradaØ 630 0.05 395,000 Nexteer AutomotiveØ 192 0.02 535,200 Samsonite InternationalØ 461 0.04 Luxembourg − 0.03%; 29.2.2020 0.03% 77,139 SimsØ 345 0.03 256,750 L’Occitane InternationalØ 327 0.03

United Kingdom − 1.22%; 29.2.2020 1.05% 998 0.09 744,662 AmcorØ 6,227 0.49

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − (0.01%); 29.2.2020 (0.22%)

Futures − (0.01%); 29.2.2020 (0.22%) 11 Hang Seng Index September 2020 1,329 (31) 0.00 41 Kopsi 200 Index September 2020 1,976 (62) (0.01) 51 MSCI Singapore Index ETS September 2020 816 (8) 0.00 52 MSCI Taiwan Index September 2020 1,907 (28) 0.00 34 SPI 200 September 2020 2,831 (13) 0.00

8,859 (142) (0.01)

Portfolio of investments 1,268,148 99.22 Net other assets 9,907 0.78

Total net assets 1,278,055 100.00

BlackRock Collective Investment Funds 362 iShares Pacific Ex Japan Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 50,567 45,376 Revenue 25,809 31,628 Expenses (1,198) (1,021) Net revenue before taxation 24,611 30,607 Taxation (202) (2,700) Net revenue after taxation 24,409 27,907 Total return before distributions 74,976 73,283 Distributions (24,409) (27,604) Change in net assets attributable to unitholders from investment activities 50,567 45,679

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 1,382,163 1,239,004 Amounts receivable on issue of units 147,016 214,136 Amounts payable on cancellation of units (323,559) (147,102) (176,543) 67,034 Change in net assets attributable to unitholders from investment activities 50,567 45,679 Retained distribution on accumulation units 21,868 27,724 Closing net assets attributable to unitholders 1,278,055 1,379,441 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

363 BlackRock Collective Investment Funds iShares Pacific Ex Japan Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 1,268,290 1,337,603 Current assets − Debtors 18,670 10,720 − Cash and bank balances 7,549 39,556 − Cash collateral posted 540 – Total assets 1,295,049 1,387,879

Liabilities: Investment liabilities (142) (2,970) Creditors − Amounts held at futures clearing houses and brokers (21) – − Distributions payable (117) (83) − Other creditors (16,714) (2,663) Total liabilities (16,994) (5,716) Net assets attributable to unitholders 1,278,055 1,382,163

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 364 iShares UK Equity Index Fund (UK)

About the Fund

Risk and Reward Profile

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

365 BlackRock Collective Investment Funds iShares UK Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 2,500,918 4,829 193.1 L Income 4,244 4 85.00 L Accumulation 1,805,262,619 3,608,324 199.9 X Income 111,102,109 129,368 116.4 X Accumulation 3,496,485,362 5,464,023 156.3 D Income 204,116,277 165,019 80.90 D Accumulation 384,860,529 760,138 197.5 H Accumulation 120,379,706 136,614 113.5

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 3.1454 L Income 1.5006 L Accumulation 3.4331 X Income 2.1203 X Accumulation 2.7954 D Income 1.4612 D Accumulation 3.5020 H Accumulation 2.0123

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.51% 0.51% L Income 0.21% 0.20% L Accumulation 0.21% 0.21% X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Income 0.05% 0.05% D Accumulation 0.05% 0.05% H Accumulation 0.05% 0.05% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

BlackRock Collective Investment Funds 366 iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

EQUITIES − 90.25%; 29.2.2020 91.70% Investment Companies − 0.00%; 29.2.2020 0.01%

AUSTRALIA − 1.82%; 29.2.2020 1.38% Private Equity − 0.02%; 29.2.2020 0.02% 2,496,001 BMO Commercial Property 1,692 0.02 Mining − 1.82%; 29.2.2020 1.38% Tr ust Ø 10,884,084 BHP 186,379 1.82 Real Estate Investment & Services − 0.00%; 29.2.2020 0.03% AUSTRIA − 0.04%; 29.2.2020 0.04% 1,307,251 Raven Property 388 0.00 Hand & Machine Tools − 0.04%; 29.2.2020 0.04% Real Estate Investment Trusts − 0.03%; 29.2.2020 0.02% 147,504 RHI Magnesita 3,989 0.04 4,209,307 UK Commercial Property 2,791 0.03 Ø BERMUDA − 0.14%; 29.2.2020 0.16% REIT

Insurance − 0.14%; 29.2.2020 0.16% IRELAND − 4.11%; 29.2.2020 3.24% Ø 14,019 0.14 1,766,928 Hiscox Beverages − 0.04%; 29.2.2020 0.05% CHILE − 0.20%; 29.2.2020 0.12% 1,808,366 C&C 3,861 0.04

Mining − 0.20%; 29.2.2020 0.12% Building Materials − 1.14%; 29.2.2020 0.99% 1,904,636 Antofagasta 20,437 0.20 4,155,886 CRH 117,570 1.14

CYPRUS − 0.34%; 29.2.2020 0.16% Commercial Services − 1.29%; 29.2.2020 1.12% 4,753,706 Experian 132,628 1.29 Mining − 0.34%; 29.2.2020 0.16% 1,730,465 Polymetal International 35,077 0.34 Entertainment − 0.75%; 29.2.2020 0.30% 625,709 Flutter EntertainmentØ 77,431 0.75 CZECH REPUBLIC − 0.15%; 29.2.2020 0.00% Food Producers − 0.03%; 29.2.2020 0.04% Computers − 0.15%; 29.2.2020 0.00% 2,119,292 Greencore 2,664 0.03 2,857,071 AvastØ 15,300 0.15 Forest Products & Paper − 0.32%; 29.2.2020 0.29% GEORGIA − 0.05%; 29.2.2020 0.04% 1,236,173 Smurfit Kappa 33,055 0.32 Banks − 0.04%; 29.2.2020 0.03% Healthcare Services − 0.10%; 29.2.2020 0.09% 189,210 Bank of Georgia 1,737 0.02 1,352,737 UDG Healthcare 9,861 0.10 185,317 TBC BankØ 1,683 0.02 Mining − 0.01%; 29.2.2020 0.01% 3,420 0.04 278,443 Kenmare Resources 654 0.01 Diversified Financial Services − 0.01%; 29.2.2020 0.01% Oil & Gas Producers − 0.34%; 29.2.2020 0.26% 167,776 Georgia Capital 654 0.01 525,968 DCC 34,851 0.34 GERMANY − 0.12%; 29.2.2020 0.17% Retail − 0.09%; 29.2.2020 0.09% Leisure Time − 0.08%; 29.2.2020 0.13% 1,150,573 Grafton 8,946 0.09 2,377,884 TUIØ 7,840 0.08 Software − 0.00%; 29.2.2020 0.00% Real Estate Investment & Services − 0.04%; 29.2.2020 0.04% 376,103 Hostelworld 232 0.00 4,860,610 Sirius Real EstateØ 3,616 0.04 ISLE OF MAN − 0.31%; 29.2.2020 0.25% GIBRALTAR − 0.02%; 29.2.2020 0.01% Entertainment − 0.24%; 29.2.2020 0.22% Entertainment − 0.02%; 29.2.2020 0.01% 3,060,440 GVC 24,600 0.24 1,143,757 888Ø 2,276 0.02 Software − 0.07%; 29.2.2020 0.03% GUERNSEY − 0.06%; 29.2.2020 0.09% 1,853,998 PlaytechØ 6,838 0.07

Diversified Financial Services − 0.01%; 29.2.2020 0.01% 830,833 Merian Chrysalis 1,171 0.01 Investment

367 BlackRock Collective Investment Funds iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

ISRAEL − 0.12%; 29.2.2020 0.07% SINGAPORE − 0.02%; 29.2.2020 0.01%

Biotechnology − 0.02%; 29.2.2020 0.01% Electricity − 0.02%; 29.2.2020 0.01% 1,281,703 BATM Advanced 1,698 0.02 40,171 XP PowerØ 1,804 0.02 Communications SOUTH AFRICA − 0.10%; 29.2.2020 0.19% Diversified Financial Services − 0.10%; 29.2.2020 0.06% Banks − 0.05%; 29.2.2020 0.13% 700,762 Plus500 10,217 0.10 3,656,245 Investec 5,386 0.05 JERSEY − 0.19%; 29.2.2020 0.14% Healthcare Services − 0.05%; 29.2.2020 0.06% Diversified Financial Services − 0.07%; 29.2.2020 0.07% 2,128,690 Mediclinic InternationalØ 5,535 0.05 598,036 JTC 2,811 0.03 Mining − 0.00%; 29.2.2020 0.00% 665,122 SanneØ 4,616 0.04 SWITZERLAND − 1.42%; 29.2.2020 1.45% 7,427 0.07 Airlines − 0.14%; 29.2.2020 0.11% Mining − 0.12%; 29.2.2020 0.07% 358,956 Wizz Air 13,949 0.14 6,060,129 Centamin 12,666 0.12 Beverages − 0.20%; 29.2.2020 0.23% JORDAN − 0.20%; 29.2.2020 0.12% 1,027,245 Coca-Cola HBCØ 20,483 0.20 Pharmaceuticals − 0.20%; 29.2.2020 0.12% Commercial Services − 0.11%; 29.2.2020 0.11% 874,734 Hikma Pharmaceuticals 20,731 0.20 3,962,369 IWGØ 11,158 0.11 MALAYSIA − 0.00%; 29.2.2020 0.01% Iron & Steel − 0.03%; 29.2.2020 0.02% Food Producers − 0.00%; 29.2.2020 0.01% 1,827,230 FerrexpoØ 3,369 0.03

MEXICO − 0.12%; 29.2.2020 0.05% Mining − 0.94%; 29.2.2020 0.98% 56,832,217 GlencoreØ 96,149 0.94 Mining − 0.12%; 29.2.2020 0.05% 989,114 FresnilloØ 12,488 0.12 UNITED ARAB EMIRATES − 0.09%; 29.2.2020 0.16%

NETHERLANDS − 4.83%; 29.2.2020 6.55% Diversified Financial Services − 0.09%; 29.2.2020 0.11% 2,334,772 Network International 8,741 0.09 Food Producers − 0.50%; 29.2.2020 0.35% 615,089 Just Eat Takeaway.com 51,741 0.50 Healthcare Services − 0.00%; 29.2.2020 0.05%

Lodging − 0.01%; 29.2.2020 0.01% Oil & Gas Services − 0.00%; 29.2.2020 0.00% 87,599 PPHE HotelØ 985 0.01 UNITED KINGDOM − 75.63%; 29.2.2020 76.96% Oil & Gas Producers − 4.32%; 29.2.2020 6.19% Advertising − 0.46%; 29.2.2020 0.52% 21,420,829 Royal Dutch ShellØ 237,086 2.31 1,978,026 AscentialØ 6,171 0.06 19,450,268 Royal Dutch Shell 206,756 2.01 6,307,875 WPP 40,724 0.40 443,842 4.32 46,895 0.46 PERU − 0.03%; 29.2.2020 0.02% Aerospace & Defence − 1.30%; 29.2.2020 1.74% Mining − 0.03%; 29.2.2020 0.02% 16,810,141 BAE Systems 87,346 0.85 1,473,735 Hochschild Mining 3,540 0.03 1,383,598 Chemring 3,348 0.03 4,151,736 Meggitt 12,077 0.12 RUSSIA − 0.05%; 29.2.2020 0.11% 9,097,345 Rolls-RoyceØ 21,934 0.21 Iron & Steel − 0.00%; 29.2.2020 0.09% 375,744 Ultra Electronics 8,747 0.09

Mining − 0.05%; 29.2.2020 0.02% 133,452 1.30 13,159,247 Petropavlovsk 4,816 0.05

BlackRock Collective Investment Funds 368 iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Agriculture − 3.66%; 29.2.2020 4.06% Biotechnology − 0.02%; 29.2.2020 0.01% 73,604 Anglo-Eastern Plantations 377 0.00 301,268 Oxford Biomedica 2,540 0.02 11,927,470 British American Tobacco 302,004 2.94 Building Materials − 0.17%; 29.2.2020 0.21% 198,966 Carr’s 242 0.00 1,261,341 Forterra 2,003 0.02 338,724 Genus 11,415 0.11 1,943,240 Ibstock 3,004 0.03 4,966,906 Imperial Brands 62,235 0.61 1,039,776 MarshallsØ 6,592 0.06 376,273 3.66 172,817 Norcros 237 0.00 1,013,098 PolypipeØ 4,407 0.04 Airlines − 0.24%; 29.2.2020 0.42% 402,524 Topps Tiles 213 0.00 1,279,279 easyJet 8,100 0.08 1,032,942 Tyman 2,056 0.02 7,821,011 International Consolidated 16,901 0.16 Ø Airlines 18,512 0.17

25,001 0.24 Chemicals − 0.78%; 29.2.2020 0.65% 655,848 Croda InternationalØ 38,682 0.38 Alternative Energy Sources − 0.07%; 29.2.2020 0.09% 2,605,252 Elementis 1,877 0.02 2,671,450 John LaingØ 7,619 0.07 1,000,692 Johnson Matthey 23,766 0.23 969,075 StobartØ 235 0.00 1,627,812 Synthomer 5,102 0.05 7,854 0.07 193,059 Treatt 1,127 0.01 426,321 Victrex 8,228 0.08 Apparel − 0.30%; 29.2.2020 0.32% 130,583 Zotefoams 542 0.01 2,111,082 BurberryØ 30,495 0.30 195,617 Ted Baker 216 0.00 79,324 0.78

30,711 0.30 Commercial Services − 4.00%; 29.2.2020 3.92% 141,916 4imprint 3,080 0.03 Automobile Manufacturers − 0.02%; 29.2.2020 0.01% 2,609,750 AAØ 891 0.01 3,057,409 Aston Martin Lagonda GlobalØ 1,714 0.02 1,356,263 AggrekoØ 6,469 0.06 Automobile Parts & Equipment − 0.01%; 29.2.2020 0.02% 2,368,440 Ashtead 61,674 0.60 Ø 975,841 TI Fluid Systems 1,536 0.01 2,604,536 Babcock International 7,087 0.07 Banks − 6.31%; 29.2.2020 9.05% 517,500 Calisen 910 0.01 Ø 90,134,211 Barclays 100,716 0.98 9,454,180 Capita 2,926 0.03 Ø 106,400,288 HSBC 351,227 3.42 223,410 Clipper Logistics 932 0.01 Ø 366,746,005 Lloyds Banking 103,973 1.01 545,451 De La Rue 793 0.01 Ø 908,089 Metro BankØ 893 0.01 209,134 Dignity 1,129 0.01 Ø 23,495,696 NatwestØ 26,491 0.26 1,782,054 Equiniti 2,021 0.02 1 1,436,614 Paragon BankingØ 5,111 0.05 762,030 Finablr 80.00 Ø 13,725,640 Standard Chartered 53,846 0.52 8,001,231 G4S 11,478 0.11 6,456,148 Virgin Money UKØ 6,015 0.06 7,462,033 Hays 8,999 0.09 1,504,893 HyveØ 1,294 0.01 648,272 6.31 848,476 IntertekØ 49,839 0.49 Beverages − 3.09%; 29.2.2020 3.15% 319,509 Mears 379 0.00 329,336 BarrØ 1,396 0.01 6,226,542 Mitie 2,070 0.02 Ø 1,416,936 BritvicØ 12,001 0.12 1,666,604 Pagegroup 6,420 0.06 12,008,838 Diageo 301,362 2.93 3,028,954 QinetiQ 8,838 0.09 85,686 Fuller Smith & Turner 454 0.00 1,599,394 Redde Northgate 3,000 0.03 Ø 4,661,563 Marston’sØ 2,468 0.02 9,800,653 RELX 166,856 1.62 Ø 672,587 Stock SpiritsØ 1,480 0.01 9,857,731 Rentokil Initial 52,502 0.51 184,486 Robert Walters 793 0.01 319,161 3.09 611,758 RPS 261 0.00

369 BlackRock Collective Investment Funds iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

733,312 SavillsØ 5,980 0.06 1,647,655 London Stock Exchange 144,994 1.41 1,447,252 Speedy Hire 747 0.01 8,011,367 Man 9,818 0.10 816,374 SThree 2,041 0.02 1,634,965 Ninety OneØ 3,607 0.04 46,045 Vp 285 0.00 1,976,095 OneSavings Bank 5,988 0.06 526,278 XPS Pensions 695 0.01 273,493 PayPoint 1,723 0.02 1,424,645 Provident FinancialØ 3,507 0.03 410,397 4.00 9,786,909 QuilterØ 14,000 0.14 Computers − 0.36%; 29.2.2020 0.46% 282,447 Rathbone Brothers 4,768 0.05 400,983 Computacenter 8,100 0.08 146,866 River & Mercantile 236 0.00 406,793 FDMØ 4,239 0.04 8,940 S&U 132 0.00 281,547 KainosØ 3,148 0.03 598,514 Schroders 17,345 0.17 909,936 NCC 1,631 0.02 2,739,304 St James’s Place 26,818 0.26 325,206 RM 602 0.01 12,142,135 Standard Life AberdeenØ 28,789 0.28 6,527,586 Serco 9,139 0.09 3,015,090 TP ICAP 9,166 0.09 676,547 SoftcatØ 9,357 0.09 364,559 3.57 36,216 0.36 Electricity − 0.74%; 29.2.2020 0.81% Cosmetics & Personal Care − 2.49%; 29.2.2020 2.15% 655,407 ContourGlobal 1,367 0.01 946,692 PZ CussonsØ 1,950 0.02 2,225,619 Drax 6,232 0.06 5,693,884 UnileverØ 253,947 2.47 5,493,715 SSE 69,166 0.67

255,897 2.49 76,765 0.74

Distribution & Wholesale − 1.67%; 29.2.2020 1.44% Electronics − 1.00%; 29.2.2020 0.83% 1,785,324 BunzlØ 43,241 0.42 82,464 Dialight 243 0.00 616,271 Diploma 11,894 0.12 213,666 DiscoverIE 1,303 0.01 1,182,691 Ferguson 87,235 0.85 2,306,720 Electrocomponents 15,663 0.15 2,111,893 InchcapeØ 10,676 0.10 2,017,256 Halma 44,723 0.44 564,338 Macfarlane 518 0.01 172,885 Oxford Instruments 2,732 0.03 3,145,605 SIG 997 0.01 181,659 Renishaw 8,687 0.08 1,336,872 Travis Perkins 16,437 0.16 4,631,157 RotorkØ 13,866 0.13 615,048 Spectris 15,591 0.15 170,998 1.67 445,884 TT Electronics 789 0.01 Diversified Financial Services − 3.57%; 29.2.2020 3.13% 103,597 1.00 1,607,702 AJ BellØ 7,219 0.07 512,326 AmigoØ 67 0.00 Engineering & Construction − 0.47%; 29.2.2020 0.45% 628,865 Arrow GlobalØ 717 0.01 3,634,835 Balfour Beatty 8,106 0.08 2,363,032 AshmoreØ 9,958 0.10 180,369 CostainØ 96 0.00 1,874,606 Brewin Dolphin 4,658 0.05 451,041 Galliford TryØ 388 0.00 773,901 Close Brothers 8,683 0.08 279,189 Headlam 790 0.01 125,392 CMC Markets 399 0.00 2,558,323 Helios TowersØ 3,909 0.04 534,984 Funding CircleØ 412 0.00 1,456,986 HomeServeØ 18,926 0.18 1,838,069 Hargreaves LansdownØ 29,703 0.29 184,870 John Menzies 220 0.00 1,916,357 IG 15,130 0.15 248,877 Keller 1,543 0.01 1,312,549 IntegraFinØ 7,048 0.07 651,023 Kier 386 0.00 836,903 International Personal 565 0.01 210,184 Morgan Sindall 2,632 0.03 Ø Finance 145,514 Ricardo 451 0.00 Ø 2,531,232 Jupiter Fund Management 5,300 0.05 823,518 Severfield 427 0.00 299,943 Liontrust Asset Management 3,809 0.04

BlackRock Collective Investment Funds 370 iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

4,483,765 Signature AviationØ 11,828 0.12 1,239,927 Spire Healthcare 1,112 0.01

49,702 0.47 1,564 0.01

Entertainment − 0.18%; 29.2.2020 0.18% Home Builders − 1.59%; 29.2.2020 1.95% 5,125,834 CineworldØ 3,231 0.03 5,370,786 Barratt Developments 28,197 0.27 416,808 Gamesys 4,835 0.05 646,936 Bellway 15,442 0.15 822,958 Rank 1,111 0.01 625,455 Berkeley 28,515 0.28 5,211,590 William Hill 9,019 0.09 2,455,312 Countryside PropertiesØ 7,896 0.08 1,238,100 Crest NicholsonØ 2,454 0.02 18,196 0.18 167,410 MJ Gleeson 1,004 0.01 Environmental Control − 0.02%; 29.2.2020 0.02% 1,676,684 Persimmon 43,929 0.43 927,184 Biffa 1,896 0.02 1,298,334 RedrowØ 5,918 0.06 2,313,250 Renewi 515 0.00 18,827,890 Taylor Wimpey 23,055 0.22 1,129,670 Vistry 7,179 0.07 2,411 0.02 163,589 1.59 Food Producers − 2.86%; 29.2.2020 2.47% 1,800,754 Associated British Foods 36,825 0.36 Home Furnishings − 0.17%; 29.2.2020 0.17% 537,880 BakkavorØ 313 0.00 3,043,667 Howden Joinery 17,105 0.17 279,653 Cranswick 10,431 0.10 Household Products − 2.42%; 29.2.2020 1.70% 460,447 Devro 798 0.01 976,972 McBride 571 0.01 520,450 GreggsØ 7,370 0.07 3,296,929 Reckitt BenckiserØ 247,533 2.41 220,998 Hilton FoodØ 2,617 0.03 8,348,047 J SainsburyØ 15,340 0.15 248,104 2.42 2,384,942 OcadoØ 59,528 0.58 Insurance − 4.31%; 29.2.2020 4.31% 3,740,783 Premier FoodsØ 3,180 0.03 1,085,050 Admiral 28,613 0.28 2,680,578 SSP 6,573 0.06 20,361,734 Aviva 57,563 0.56 2,502,500 Tate & Lyle 17,062 0.17 3,124,644 Beazley 13,442 0.13 50,705,412 Tesco 110,842 1.08 467,171 Chesnara 1,378 0.01 11,651,870 Wm Morrison Supermarkets 22,407 0.22 7,299,838 Direct Line Insurance 21,527 0.21 293,286 2.86 1,701,514 Hastings 4,291 0.04 5,965,232 Just 3,036 0.03 Food Services − 1.11%; 29.2.2020 1.27% 1,148,844 Lancashire 8,817 0.09 9,329,089 Compass 113,862 1.11 30,867,590 Legal & General 67,075 0.65 Forest Products & Paper − 0.36%; 29.2.2020 0.36% 13,387,313 M&GØ 23,153 0.23 2,558,091 MondiØ 37,361 0.36 2,825,935 PhoenixØ 19,555 0.19 13,631,461 Prudential 166,508 1.62 Gas − 1.64%; 29.2.2020 1.80% 5,561,931 RSA InsuranceØ 24,990 0.24 30,234,955 CentricaØ 13,920 0.14 1,241,946 Sabre InsuranceØ 3,285 0.03 18,316,844 National Grid 154,411 1.50 443,233 4.31 168,331 1.64 Internet − 0.74%; 29.2.2020 0.67% Healthcare Products − 0.85%; 29.2.2020 0.86% 4,973,223 Auto TraderØ 27,999 0.27 8,332,121 ConvaTec 15,956 0.16 1,004,743 GoCo 1,139 0.01 4,631,502 Smith & Nephew 70,468 0.69 2,808,933 Moneysupermarket.comØ 8,550 0.08 86,424 0.85 4,558,849 RightmoveØ 28,894 0.28 2,502,081 TrainlineØ 9,913 0.10 Healthcare Services − 0.01%; 29.2.2020 0.01% 342,716 Medica 452 0.00 76,495 0.74

371 BlackRock Collective Investment Funds iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Investment Companies − 0.27%; 29.2.2020 0.49% Mining − 3.81%; 29.2.2020 2.99% 62,529 City of London Investment 239 0.00 6,464,015 Anglo American 118,447 1.15 25,439,984 Melrose Industries 25,898 0.25 1,202,783 KAZ MineralsØ 6,974 0.07 931,893 Octopus Renewables 997 0.01 5,733,621 Rio Tinto 265,725 2.59 Infrastructure TrustØ 391,146 3.81 745,554 Sdcl Energy Efficiency Income 831 0.01 Tr ust Miscellaneous Manufacturing − 0.67%; 29.2.2020 0.68% 27,965 0.27 148,750 Avon Rubber 5,682 0.06 438,878 Hill & Smith 5,337 0.05 Iron & Steel − 0.09%; 29.2.2020 0.00% 1,441,626 IMI 15,209 0.15 2,986,158 Evraz 9,678 0.09 1,489,071 Morgan Advanced Materials 3,432 0.03 Leisure Time − 0.04%; 29.2.2020 0.06% 652,209 Photo-Me International 315 0.00 684,675 GymØ 1,087 0.01 134,359 Porvair 712 0.01 613,741 Hollywood Bowl 924 0.01 1,944,464 Senior 1,015 0.01 Ø 422,589 On the BeachØ 1,283 0.01 2,123,613 Smiths 29,773 0.29 4,839,130 Saga 656 0.01 1,162,861 Vesuvius 4,754 0.05 146,275 TEN Entertainment 184 0.00 166,287 Vitec 1,137 0.01 Δ 5,482,727 Thomas Cook –0.00 484,929 Volution 803 0.01

4,134 0.04 68,169 0.67

Lodging − 0.68%; 29.2.2020 0.62% Oil & Gas Producers − 2.82%; 29.2.2020 3.88% 961,921 InterContinental HotelsØ 42,373 0.41 103,865,793 BP 274,413 2.67 Ø 1,080,225 WhitbreadØ 27,308 0.27 3,610,946 Cairn Energy 5,091 0.05 475,297 EnergeanØ 2,721 0.03 69,681 0.68 6,434,721 EnQuestØ 830 0.01 Ø Machinery Construction & Mining − 0.17%; 29.2.2020 0.16% 1,498,056 Petrofac 2,412 0.02 Ø 1,392,004 Weir 17,658 0.17 784,253 Pharos Energy 108 0.00 5,266,976 Premier OilØ 1,150 0.01 Machinery Diversified − 0.39%; 29.2.2020 0.29% 8,089,509 Tullow Oil 1,660 0.02 387,116 Spirax-Sarco EngineeringØ 39,641 0.39 1,353,216 Vivo Energy 1,018 0.01 Media − 0.79%; 29.2.2020 0.94% 289,403 2.82 205,267 Bloomsbury PublishingØ 429 0.00 593,568 Euromoney Institutional 4,962 0.05 Oil & Gas Services − 0.10%; 29.2.2020 0.13% Investor 691,963 Hunting 1,118 0.01 559,988 FutureØ 8,299 0.08 3,602,698 John WoodØ 8,927 0.09 7,800,218 Informa 32,238 0.31 10,045 0.10 19,905,103 ITVØ 12,086 0.12 3,988,449 Pearson 22,303 0.22 Packaging & Containers − 0.21%; 29.2.2020 0.19% 1,347,053 Reach 709 0.01 6,689,710 DS Smith 17,306 0.17 110,646 STVØ 235 0.00 1,299,240 EssentraØ 3,983 0.04

81,261 0.79 21,289 0.21

Metal & Hardware − 0.05%; 29.2.2020 0.07% Pharmaceuticals − 9.51%; 29.2.2020 7.94% 927,935 BodycoteØ 5,206 0.05 6,859,391 AstraZeneca 571,936 5.57 352,662 Trifast 360 0.00 558,033 Dechra Pharmaceuticals 17,533 0.17 25,759,803 GlaxoSmithKline 379,184 3.69 5,566 0.05 4,530,945 Indivior 5,374 0.05

BlackRock Collective Investment Funds 372 iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

3,263,905 Vectura 3,571 0.03 329,184 McKay 625 0.01 2,113,154 NewRiver REITØ 1,257 0.01 977,598 9.51 6,438,011 Primary Health PropertiesØ 9,786 0.10 Private Equity − 0.69%; 29.2.2020 0.70% 570,824 RDI REITØ 486 0.00 5,025,727 3i 47,141 0.46 1,720,042 Regional REIT 1,314 0.01 723,986 Allied MindsØ 306 0.00 656,844 Residential Secure Income 591 0.01 1,478,702 Intermediate CapitalØ 20,214 0.20 1,785,056 Schroder Real Estate 533 0.01 4,784,689 IPØ 3,502 0.03 Investment TrustØ 6,064,940 SegroØ 57,775 0.56 71,163 0.69 1,203,649 Shaftesbury 6,361 0.06 Real Estate Investment & Services − 0.24%; 29.2.2020 0.32% 1,016,714 Standard Life Investment 534 0.01 120,865 Capital & RegionalØ 82 0.00 Property Income Trust 439,935 CLS 863 0.01 941,783 Target Healthcare REIT 1,023 0.01 2,735,686 Empiric Student PropertyØ 1,910 0.02 987,325 Triple Point Social Housing Reit 1,056 0.01 Ø 1,036,130 FoxtonsØ 402 0.00 9,262,456 Tritax Big Box REIT 14,422 0.14 3,410,242 GraingerØ 10,674 0.10 1,600,325 Unite 15,459 0.15 Ø 559,131 Harworth 549 0.01 566,451 Urban & Civic 1,306 0.01 291,957 Helical 831 0.01 739,805 Workspace 4,165 0.04 275,283 Henry Boot 716 0.01 230,825 2.26 237,656 LSL Property Services 509 0.00 2,245,566 McCarthy & StoneØ 1,612 0.02 Retail − 1.72%; 29.2.2020 1.54% Ø 162,072 Palace Capital 305 0.00 4,439,359 B&M European Value Retail 21,131 0.21 Ø 159,305 Phoenix Spree Deutschland 486 0.00 1,227,608 Card Factory 473 0.00 Ø 2,328,547 Picton Property IncomeØ 1,637 0.02 932,664 DFS Furniture 1,576 0.02 643,976 St Modwen Properties 2,083 0.02 5,619,412 Dixons Carphone 5,187 0.05 Ø 2,227,122 Tritax EuroBox 2,031 0.02 2,608,313 Domino’s Pizza 8,748 0.09 Ø 342,266 U & I 226 0.00 539,505 Dunelm 7,704 0.07 900,057 FrasersØ 3,143 0.03 24,916 0.24 1,188,681 Halfords 1,961 0.02 Real Estate Investment Trusts − 2.26%; 29.2.2020 2.33% 426,470 J D Wetherspoon 4,354 0.04 933,450 Aberdeen Standard European 985 0.01 2,287,554 JD Sports Fashion 16,553 0.16 Logistics IncomeØ 11,000,183 KingfisherØ 29,723 0.29 13,490,895 Assura 10,914 0.11 806,727 Lookers1 161 0.00 841,046 Big Yellow 8,982 0.09 10,033,816 Marks & SpencerØ 11,148 0.11 824,527 BMO Real Estate Investments 561 0.01 1,055,090 Mitchells & ButlersØ 1,817 0.02 4,790,796 British Land 17,515 0.17 130,544 MotorpointØ 354 0.00 3,922,968 Capital & Counties PropertiesØ 5,072 0.05 674,955 NextØ 40,754 0.40 2,083,932 Civitas Social Housing 2,301 0.02 7,225,703 PendragonØ 556 0.01 1,645,543 Custodian ReitØ 1,417 0.01 2,433,866 Pets at HomeØ 7,160 0.07 532,918 Derwent London 15,071 0.15 2,082,557 RestaurantØ 1,176 0.01 2,906,270 GCP Student Living 4,005 0.04 237,272 Studio RetailØ 539 0.01 1,444,485 Great Portland Estates 8,716 0.08 288,796 Superdry 386 0.00 3,981,996 Hammerson 1,928 0.02 619,891 Watches of SwitzerlandØ 2,120 0.02 924,031 Impact Healthcare Reit 918 0.01 667,174 WH SmithØ 7,853 0.08 2,609,482 Intu Properties2 –0.00 572,954 World 1,152 0.01 3,710,342 Land 21,449 0.21 175,729 1.72 4,680,718 LondonMetric PropertyØ 11,075 0.11 2,852,120 LXI REIT 3,223 0.03

373 BlackRock Collective Investment Funds iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Software − 0.67%; 29.2.2020 0.62% Leisure Time − 0.08%; 29.2.2020 0.18% 1,135,141 Alfa Financial Software 988 0.01 771,538 Carnival 8,132 0.08 194,538 Aptitude Software 856 0.01 COLLECTIVE INVESTMENT 349,358 Aveva 17,719 0.17 SCHEMES − 7.79%; 29.2.2020 6.65% 1,746,884 Micro Focus International 5,220 0.05 5,704,317 SageØ 42,246 0.41 Equities − 0.00%; 29.2.2020 0.02% 224,993 SDL 1,647 0.02 Equity Funds − 1.37%; 29.2.2020 1.00% 68,676 0.67 547,072 Aberdeen Asian Income Fund 1,028 0.01 1,173,179 Apax Global AlphaØ 1,950 0.02 Storage & Warehousing − 0.09%; 29.2.2020 0.09% 692,788 Baillie Gifford UK Growth Fund 1,254 0.01 1,108,114 Safestore 8,660 0.08 3,429,318 BBGI Ø 5,878 0.06 302,680 Wincanton 581 0.01 119,186 BH Global 2,169 0.02 Ø 9,241 0.09 125,443 BH Macro 4,240 0.04 2,039,955 Bluefield Solar Income FundØ 2,683 0.03 Telecommunications − 2.16%; 29.2.2020 2.45% 1,637,100 CVC Credit Partners European 1,392 0.01 Ø 4,600,204 Airtel Africa 2,622 0.03 Opportunities Ø Δ 45,540,920 BT 47,659 0.46 549,460 Dexion Absolute –0.00 3,287,830 Spirent Communications 9,568 0.09 1,854,851 Foresight Solar Fund 1,994 0.02 Ø 3,081,992 TalkTalk Telecom 2,265 0.02 1,924,575 GCP Asset Backed Income 1,805 0.02 279,625 Telecom Plus 3,836 0.04 Fund 139,969,640 VodafoneØ 155,982 1.52 4,808,616 GCP Infrastructure 5,780 0.06 InvestmentsØ 221,932 2.16 459,505 Genesis Emerging Markets 3,474 0.03 Ø Textiles − 0.04%; 29.2.2020 0.04% Fund 8,067,667 Coats 4,445 0.04 432,932 HarbourVest Global Private 7,394 0.07 EquityØ Toys, Games & Hobbies − 0.16%; 29.2.2020 0.10% 855,713 Henderson Far East IncomeØ 2,653 0.03 173,794 Games Workshop 16,015 0.16 3,618,483 Hipgnosis Songs Fund Ø 4,360 0.04 Transportation − 0.22%; 29.2.2020 0.33% 8,913,029 International Public 14,796 0.14 Ø 126,624 Clarkson 3,109 0.03 Partnerships Ø 7,591,157 Firstgroup 3,313 0.03 2,780,121 JLEN Environmental Assets 3,336 0.03 209,846 Go-Ahead 1,382 0.01 950,055 JP Morgan Global Core Real 1,040 0.01 Assets FundØ 152,948 James Fisher & Sons 1,878 0.02 1,339,179 KKV Secured Loan Fund 236 0.00 2,234,737 National Express 2,816 0.03 308,108 KKV Secured Loan Fund 136 0.00 4,895,605 Royal MailØ 8,783 0.09 256,257 NB Private Equity Partners 2,327 0.02 1,732,950 StagecoachØ 744 0.01 FundØ 22,025 0.22 1,121,290 Pershing Square FundØ 22,594 0.22 746,523 Real Estate Credit 944 0.01 Water − 0.79%; 29.2.2020 0.79% InvestmentsØ 2,187,757 PennonØ 21,998 0.21 9,473,172 Renewables Infrastructure 12,940 0.13 1,259,229 Severn Trent 29,340 0.29 208,700 Riverstone EnergyØ 657 0.01 3,599,734 United Utilities 29,921 0.29 961,958 Ruffer Investment Company 2,309 0.02 81,259 0.79 1,554,773 Schroder Oriental Income 3,623 0.04 FundØ UNITED STATES OF AMERICA − 0.09%; 29.2.2020 0.20% 8,758,932 Sequoia Economic 9,477 0.09 Ø Biotechnology − 0.01%; 29.2.2020 0.02% Infrastructure Income Fund Ø 554,508 PureTech HealthØ 1,539 0.01 921,527 SME Credit Realisation Fund 507 0.00 2,400,035 Syncona 5,664 0.06

BlackRock Collective Investment Funds 374 iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

3,016,108 TwentyFour Income Fund 3,031 0.03 1,620,125 Baillie Gifford US Growth 3,888 0.04 Ø 334,755 TwentyFour Select Monthly 288 0.00 Tr ust Income Fund 710,960 Bankers Investment Trust 7,266 0.07 1,085,056 Vietnam Enterprise 4,644 0.05 2,354,172 BB Healthcare Trust 3,696 0.04 Ø Investments 224,427 Biotech Growth Trust 2,747 0.03 1,170,957 VinaCapital Vietnam 3,724 0.04 1,551,875 BlackRock Frontiers Investment 1,453 0.01 Opportunity Fund Tr ust †Ø 286,618 BlackRock Greater Europe 1,275 0.01 140,327 1.37 Investment Trust† Exchange Traded Funds − 1.26%; 29.2.2020 1.40% 115,747 BlackRock Latin American 353 0.00 13,581,328 iShares - iShares Core FTSE 80,116 0.78 Investment Trust† 100 UCITS ETF† 293,671 Blackrock North American 446 0.00 2,942,085 iShares FTSE 250 UCITS ETF†Ø 49,657 0.48 Income Trust† 298,091 BlackRock Smaller Cos Trust† 3,643 0.04 129,773 1.26 507,875 Blackrock Throgmorton Trust† 3,118 0.03 Fixed Income Funds − 0.04%; 29.2.2020 0.05% 1,041,652 BlackRock World Mining Trust† 4,208 0.04 191,723 Alcentra European Floating 166 0.00 377,111 BMO Capital & Income 962 0.01 Rate Income Fund Investment Trust 204,186 City Merchants High Yield Trust 351 0.00 3,101,693 BMO Global 3,753 0.04 Ø 829,900 CQS New City High Yield 396 0.01 Smaller Companies FundØ 199,086 BMO Private Equity Trust 587 0.01 4,105,889 NB Global Floating Rate 3,395 0.03 85,047 Brunner Investment Trust 646 0.01 Income Fund 180,403 Caledonia Investments 4,582 0.04 55,016 Capital Gearing Trust 2,459 0.02 4,308 0.04 663,214 CC Japan Income & Growth 766 0.01 Investment Trusts − 5.10%; 29.2.2020 4.16% Tr ust 3,519,829 3i InfrastructureØ 10,278 0.10 2,319,504 City of London Investment 7,480 0.07 1,304,192 Aberdeen Diversified Income 1,213 0.01 Tr ust and Growth Trust 1,127,281 Diverse Income Trust 967 0.01 350,450 Aberdeen New Dawn 904 0.01 427,332 Dunedin Income Growth 1,077 0.01 Investment Trust Investment Trust 166,849 Aberdeen New India 701 0.01 592,516 Ecofin Global Utilities and 972 0.01 Investment Trust Infrastructure Trust 129,073 Aberdeen Standard Asia Focus 1,291 0.01 1,182,790 Edinburgh Investment Trust 5,482 0.05 102,618 Aberdeen Standard Equity 271 0.00 1,647,616 Edinburgh Worldwide 4,539 0.04 Income Trust Investment Trust 470,953 Aberforth Smaller Companies 4,064 0.04 115,550 Electra Private Equity 214 0.00 Tr ust 139,170 EP Global Opportunities Trust 365 0.00 711,872 Aberforth Split Level Income 318 0.00 1,495,141 European Assets Trust 1,540 0.02 Tr ust 675,031 European Opportunities Trust 4,597 0.04 Ø 1,757,692 Alliance Trust 14,413 0.14 2,858,305 F&C Investment Trust 19,980 0.19 208,225 Allianz Technology Trust 5,195 0.05 203,661 Fidelity Asian Values 697 0.01 124,185 Artemis Alpha Trust 355 0.00 2,205,482 Fidelity China Special 7,080 0.07 565,018 Asia Dragon Trust 2,334 0.02 SituationsØ 646,149 Avi Global Trust 4,633 0.05 2,303,119 Fidelity European Trust 6,080 0.06 213,573 Baillie Gifford European 2,477 0.02 507,491 Fidelity Japan Trust 911 0.01 Growth Trust 1,322,927 Fidelity Special Values 2,389 0.02 503,336 Baillie Gifford Japan Trust 4,087 0.04 1,185,007 Finsbury Growth & Income 9,836 0.10 1,582,603 Baillie Gifford Shin Nippon 3,105 0.03 Tr ust

375 BlackRock Collective Investment Funds iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

97,880 Fundsmith Emerging Equities 1,086 0.01 462,429 JPMorgan Indian Investment 2,631 0.03 Tr ust Ø Tr ust 8,702,119 Greencoat UK Wind Ø 12,461 0.12 363,721 JPMorgan Japan Smaller Cos 1,568 0.02 109,557 Henderson Alternative 309 0.00 Tr ust Strategies Trust 923,311 JPMorgan Japanese 5,041 0.05 403,273 Henderson Diversified Income 347 0.00 Investment Trust Tr ust Ø 68,381 JPMorgan Mid Cap Investment 632 0.01 48,205 Henderson European Focus 600 0.01 Tr ust Tr ust 152,383 JPMorgan RussianØ 960 0.01 55,191 Henderson EuroTrust 704 0.01 212,195 JPMorgan US 630 0.01 254,645 Henderson High Income Trust 335 0.00 Smaller Companies Investment 577,596 Henderson International 840 0.01 Tr ust Income Trust 59,214 Jupiter US Smaller Companies 585 0.01 407,712 Henderson Smaller Companies 3,156 0.03 186,430 Keystone Investment Trust 481 0.01 Investment Trust 651,789 Law Debenture 3,461 0.03 372,563 Herald Investment Trust 6,147 0.06 462 Lindsell Train Investment Trust 501 0.00 2,084,837 HgCapital Trust Ø 5,692 0.06 94,965 Lowland Investment Company 883 0.01 10,026,476 Hicl Infrastructure 16,804 0.16 713,988 M&G Credit Income Investment 689 0.01 Ø 230,564 ICG Enterprise Trust 1,928 0.02 Trust Fund 1,314,489 Impax Environmental Markets 4,574 0.04 79,822 Majedie Investments 148 0.00 116,207 Independent Investment Trust 499 0.00 295,653 Martin Currie Global Portfolio 979 0.01 169,977 International Biotechnology 1,241 0.01 Tr ust Ø Tr ust 4,357,175 Mercantile Investment Trust 8,453 0.08 270,330 INVESCO Asia Trust 779 0.01 684,401 Merchants Trust 2,395 0.02 164,220 Invesco Income Growth Trust 378 0.00 127,963 Mid Wynd International 819 0.01 150,189 Invesco Perpetual UK 583 0.01 Investment Trust Smaller Cos Investment Trust 222,410 Middlefield Canadian Income 179 0.00 1,225,081 JP Morgan American 6,334 0.06 PCC Ø Investment Trust 1,224,329 Monks Investment Trust 14,031 0.14 214,293 JP Morgan China Growth & 1,119 0.01 26,131 Montanaro European 350 0.00 Income Smaller Cos Trust 525,884 JP Morgan European 2,083 0.02 446,149 Montanaro UK 526 0.01 Smaller Companies TrustØ Smaller Companies Investment 433,842 JP Morgan Smaller Companies 1,085 0.01 Tr ust Investment Trust 209,693 Murray Income Trust 1,585 0.02 352,405 JPMorgan Asia Growth & 1,462 0.01 700,061 Murray International Trust 6,623 0.06 Income 2,960,319 NextEnergy Solar FundØ 3,132 0.03 154,207 JPMorgan Claverhouse 842 0.01 442,085 North American Income Trust 986 0.01 Investment Trust 46,519 North Atlantic Smaller Cos 1,335 0.01 767,390 JPMorgan Emerging Markets 8,211 0.08 Investment Trust Investment Trust 696,780 Pacific Assets Trust 1,840 0.02 278,412 JPMorgan European 763 0.01 166,068 Pacific Horizon Investment 920 0.01 Investment Trust - Growth Tr ust 177,196 JPMorgan European 206 0.00 292,233 Pantheon International Fund 6,575 0.06 Investment Trust - Income 1,149,575 Perpetual Income and Growth 2,650 0.03 1,767,645 JPMorgan Global Emerging 2,015 0.02 Investment Trust Markets Income Trust 13,381 Personal Assets Trust 6,055 0.06 861,902 JPMorgan Global Growth & 3,008 0.03 759,611 Polar Capital Global Financials 801 0.01 Ø Income Tr ust

BlackRock Collective Investment Funds 376 iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

458,661 Polar Capital Global 1,082 0.01 1,439,626 Templeton Emerging Markets 11,920 0.12 Healthcare Trust Investment Trust 733,844 Polar Capital Technology Trust 15,961 0.16 215,044 TR European Growth Trust 2,064 0.02 408,219 Pollen Street Secured Lending 3,445 0.03 1,830,462 TR Property Investment Trust - 6,443 0.06 678,814 RIT Capital Partners 12,341 0.12 Ordinary Shares 408,824 Schroder Asian Total Return 1,668 0.02 629,811 Troy Income & Growth Trust 443 0.00 Investment 282,103 Trust of Scotland 508 0.00 870,010 Schroder AsiaPacific Fund 4,224 0.04 790,838 Utilico Emerging Markets Trust 1,392 0.01 194,297 Schroder Income Growth Fund 461 0.00 Fund 337,696 Schroder Japan Growth Fund 561 0.01 108,642 Value and Income Trust 190 0.00 101,772 Schroder UK Mid Cap Fund 464 0.00 2,774,209 VPC Specialty Lending 1,737 0.02 5,543,400 Schroder UK Public Private 1,619 0.02 Investments 774,038 Scottish American Investment 3,305 0.03 4,987,284 Witan Investment Trust 9,316 0.09 411,920 Scottish Investment Trust 2,986 0.03 187,040 Witan Pacific Investment Trust 683 0.01 7,650,659 Scottish Mortgage Investment 73,523 0.72 298,087 Worldwide Healthcare Trust 10,209 0.10 Tr ust 523,489 5.10 84,824 Scottish Oriental 718 0.01 Smaller Companies Trust Property Funds − 0.02%; 29.2.2020 0.02% 658,088 Smithson Investment Trust 9,832 0.10 124,150 ICG-Longbow Senior Secured 94 0.00 229,957 Standard Life Private Equity 724 0.01 UK Property Debt Investments Tr ust 2,204,628 Starwood European Real 1,900 0.02 487,851 Standard Life UK Smaller Cos 2,595 0.03 Estate Finance Tr ust 1,994 0.02 202,000 Strategic Equity Capital 374 0.00 405,535 Temple Bar Investment Trust 2,973 0.03

377 BlackRock Collective Investment Funds iShares UK Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − (0.03%); 29.2.2020 (0.17%)

Forward Currency Contracts − 0.00%; 29.2.2020 (0.01%) £8,509,127 UK sterling vs US dollar 8,296 213 0.00

Futures − (0.03%); 29.2.2020 (0.16%) 3,440 FTSE 100 Index September 2020 205,076 (3,393) (0.03)

Portfolio of investments 10,064,144 98.01

CASH EQUIVALENTS

Short-term Money Market Funds − 0.75%; 29.2.2020 1.13%

76,776,394 BlackRock ICS Sterling Liquidity Fund - Agency Income Class† 76,776 0.75

Net other assets 127,399 1.24

Total net assets 10,268,319 100.00

BlackRock Collective Investment Funds 378 iShares UK Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital (losses)/gains (872,567) 147,422 Revenue 183,666 254,399 Expenses (4,136) (3,957) Interest payable and similar charges (12) (3) Net revenue before taxation 179,518 250,439 Taxation (949) (1,996) Net revenue after taxation 178,569 248,443 Total return before distributions (693,998) 395,865 Distributions (178,577) (248,448) Change in net assets attributable to unitholders from investment activities (872,575) 147,417

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 10,240,449 9,033,412 Amounts receivable on issue of units 2,057,815 1,429,554 Amounts payable on cancellation of units (1,333,064) (858,293) 724,751 571,261 Change in net assets attributable to unitholders from investment activities (872,575) 147,417 Retained distribution on accumulation units 175,694 249,646 Closing net assets attributable to unitholders 10,268,319 10,001,736 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

379 BlackRock Collective Investment Funds iShares UK Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 10,067,537 10,071,886 Current assets − Debtors 119,447 130,677 − Cash and bank balances 29,749 17,943 − Cash collateral posted – 7,609 − Cash equivalents 76,776 115,392 Total assets 10,293,509 10,343,507

Liabilities: Investment liabilities (3,393) (17,561) Creditors − Distributions payable (5,338) (7,723) − Other creditors (16,459) (77,774) Total liabilities (25,190) (103,058) Net assets attributable to unitholders 10,268,319 10,240,449

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

BlackRock Collective Investment Funds 380 iShares UK Gilts All Stocks Index Fund (UK)

About the Fund

Risk and Reward Profile

Lower risk Higher risk Typically lower rewards Typically higher rewards Unit Class A Income 1 2 3 4 567 A Accumulation 1 2 3 4 567 L Accumulation 1 2 3 4 567 X Income 1 2 3 4 567 X Accumulation 1 2 3 4 567 D Income 1 2 3 4 567 D Accumulation 1 2 3 4 567 H Income 1 2 3 4 567 H Accumulation 1 2 3 4 567

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

381 BlackRock Collective Investment Funds iShares UK Gilts All Stocks Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Income 681,062 1,107 162.5 A Accumulation 5,786,534 10,743 185.7 L Accumulation 877,485,075 1,673,346 190.7 X Income 78,483,095 100,172 127.6 X Accumulation 1,651,002,528 2,341,538 141.8 D Income 45,179,011 76,075 168.4 D Accumulation 225,503,291 428,628 190.1 H Income 63,185,227 78,211 123.8 H Accumulation 177,568,924 240,134 135.2

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Income 0.4031 A Accumulation 0.4593 L Accumulation 0.7660 X Income 0.6451 X Accumulation 0.7153 D Income 0.7665 D Accumulation 0.8616 H Income 0.5632 H Accumulation 0.6126

BlackRock Collective Investment Funds 382 iShares UK Gilts All Stocks Index Fund (UK)

Performance Record continued

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Income 0.51% 0.51% A Accumulation 0.51% 0.51% L Accumulation 0.21% 0.21% X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Income 0.11% 0.10% D Accumulation 0.11% 0.11% H Income 0.11% 0.11% H Accumulation 0.11% 0.11% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

383 BlackRock Collective Investment Funds iShares UK Gilts All Stocks Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

BONDS − 99.22%; 29.2.2020 99.22% £107,140,746 United Kingdom Gilt 2% 117,997 2.38 7/9/2025Ø UK Sterling Denominated Government £102,613,333 United Kingdom Gilt 2.25% 109,750 2.22 Bonds − 99.22%; 29.2.2020 99.22% 7/9/2023Ø £62,219,000 United Kingdom Gilt 62,427 1.26 £54,306,387 United Kingdom Gilt 2.5% 88,127 1.78 0.125% 31/1/2023 22/7/2065 £48,439,000 United Kingdom Gilt 48,610 0.98 £85,403,921 United Kingdom Gilt 2.75% 95,003 1.92 0.125% 30/1/2026 7/9/2024Ø £20,768,000 United Kingdom Gilt 20,655 0.42 £71,416,407 United Kingdom Gilt 3.25% 107,208 2.17 0.125% 31/1/2028Ø 22/1/2044 £91,872,000 United Kingdom Gilt 92,047 1.86 £79,797,319 United Kingdom Gilt 3.5% 125,607 2.54 0.375% 22/10/2030 22/1/2045 £84,212,278 United Kingdom Gilt 85,054 1.72 £55,152,813 United Kingdom Gilt 3.5% 113,746 2.30 0.5% 22/7/2022Ø 22/7/2068 £20,618,000 United Kingdom Gilt 18,224 0.37 £47,175,821 United Kingdom Gilt 3.75% 47,207 0.95 0.5% 22/10/2061 7/9/2020Ø £120,901,000 United Kingdom Gilt 124,489 2.52 £118,902,637 United Kingdom Gilt 3.75% 123,426 2.49 0.625% 7/6/2025Ø 7/9/2021Ø £43,485,000 United Kingdom Gilt 40,328 0.81 £64,646,019 United Kingdom Gilt 3.75% 116,406 2.35 0.625% 22/10/2050 22/7/2052 £108,342,702 United Kingdom Gilt 110,897 2.24 £69,651,439 United Kingdom Gilt 4% 73,887 1.49 0.75% 22/7/2023Ø 7/3/2022Ø £111,786,000 United Kingdom Gilt 117,917 2.38 £65,527,786 United Kingdom Gilt 4% 134,835 2.72 0.875% 22/10/2029Ø 22/1/2060 £78,037,000 United Kingdom Gilt 1% 81,028 1.64 £101,720,058 United Kingdom Gilt 4.25% 132,071 2.67 22/4/2024Ø 7/12/2027Ø £89,284,701 United Kingdom Gilt 96,274 1.94 £98,993,621 United Kingdom Gilt 4.25% 142,142 2.87 1.25% 22/7/2027Ø 7/6/2032 £42,653,000 United Kingdom Gilt 45,903 0.93 £83,113,775 United Kingdom Gilt 4.25% 127,187 2.57 1.25% 22/10/2041Ø 7/3/2036 £93,968,000 United Kingdom Gilt 94,471 1.91 £64,072,032 United Kingdom Gilt 4.25% 103,603 2.09 1.5% 22/1/2021Ø 7/9/2039 £115,440,372 United Kingdom Gilt 125,446 2.53 £69,601,629 United Kingdom Gilt 4.25% 114,340 2.31 1.5% 22/7/2026Ø 7/12/2040 £65,922,593 United Kingdom Gilt 75,552 1.53 £71,831,604 United Kingdom Gilt 4.25% 128,462 2.60 1.5% 22/7/2047Ø 7/12/2046 £84,641,203 United Kingdom Gilt 94,540 1.91 £53,808,873 United Kingdom Gilt 4.25% 100,460 2.03 1.625% 22/10/2028Ø 7/12/2049 £52,089,000 United Kingdom Gilt 63,500 1.28 £72,265,829 United Kingdom Gilt 4.25% 146,467 2.96 1.625% 22/10/2054 7/12/2055 £40,239,832 United Kingdom Gilt 55,317 1.12 £104,336,263 United Kingdom Gilt 4.5% 159,527 3.22 1.625% 22/10/2071Ø 7/9/2034 £67,790,836 United Kingdom Gilt 70,249 1.42 £79,433,104 United Kingdom Gilt 4.5% 138,442 2.80 1.75% 7/9/2022Ø 7/12/2042 £79,140,278 United Kingdom Gilt 91,864 1.86 £110,568,419 United Kingdom Gilt 4.75% 160,056 3.23 1.75% 7/9/2037 7/12/2030Ø £73,315,000 United Kingdom Gilt 89,178 1.80 £71,840,265 United Kingdom Gilt 4.75% 121,344 2.45 1.75% 22/1/2049Ø 7/12/2038Ø £68,791,892 United Kingdom Gilt 88,176 1.78 £114,058,055 United Kingdom Gilt 5% 139,906 2.83 1.75% 22/7/2057 7/3/2025Ø

BlackRock Collective Investment Funds 384 iShares UK Gilts All Stocks Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Market Total Nominal Value Net Value Investment £000’s Assets

£53,452,983 United Kingdom Gilt 6% 78,668 1.59 7/12/2028 £68,979,957 United Kingdom Gilt 8% 73,178 1.48 7/6/2021

4,911,198 99.22

Portfolio of investments 4,911,198 99.22 Net other assets 38,756 0.78

Total net assets 4,949,954 100.00

Unless otherwise stated, all securities are either listed on a recognised exchange or traded on an eligible securities market. All securities in the portfolio at 31 August 2020 are investment grade. Ø All or a portion of this investment represents a security on loan.

385 BlackRock Collective Investment Funds iShares UK Gilts All Stocks Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 36,054 449,899 Revenue 24,879 34,407 Expenses (2,354) (2,293) Net revenue before taxation 22,525 32,114 Taxation – – Net revenue after taxation 22,525 32,114 Total return before distributions 58,579 482,013 Distributions (22,525) (32,114) Change in net assets attributable to unitholders from investment activities 36,054 449,899

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 5,563,816 4,594,478 Amounts receivable on issue of units 859,048 596,904 Amounts payable on cancellation of units (1,530,552) (462,151) (671,504) 134,753 Change in net assets attributable to unitholders from investment activities 36,054 449,899 Retained distribution on accumulation units 21,588 31,142 Closing net assets attributable to unitholders 4,949,954 5,210,272 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

BlackRock Collective Investment Funds 386 iShares UK Gilts All Stocks Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 4,911,198 5,520,387 Current assets − Debtors 103,501 154,859 − Cash and bank balances 32,154 8,210 Total assets 5,046,853 5,683,456

Liabilities: Creditors − Distributions payable (1,211) (1,528) − Other creditors (95,688) (118,112) Total liabilities (96,899) (119,640) Net assets attributable to unitholders 4,949,954 5,563,816

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

387 BlackRock Collective Investment Funds iShares US Equity Index Fund (UK)

About the Fund

Risk and Reward Profile

For more information on this, please see the Fund’s Key Investor Information Documents (“KIIDs”), which are available at www.blackrock.com.

BlackRock Collective Investment Funds 388 iShares US Equity Index Fund (UK)

Performance Record

Net Asset Value Net Asset Value Net Asset Value per Unit At 31 August 2020 Units in Issue £000’s p A Accumulation 795,767 2,676 336.3 L Income 48,865 115 235.0 L Accumulation 84,232,373 289,388 343.6 X Income 27,484,604 84,027 305.7 X Accumulation 96,813,911 331,422 342.3 D Accumulation 328,330,181 1,142,191 347.9 H Income 9,170,620 19,140 208.7

Distributions Payable for the period to 31 August 2020 Unit Class Distribution payable on 31.10.2020 Pence per Unit A Accumulation 1.6475 L Income 1.4975 L Accumulation 2.1376 X Income 2.1726 X Accumulation 2.4155 D Accumulation 2.4024 H Income 1.4519

Operating Charges 1.3.2020 1.3.2019 Unit Class to 31.8.2020 to 29.2.2020 A Accumulation 0.51% 0.51% L Income 0.21% 0.21% L Accumulation 0.21% 0.21% X Income 0.01% 0.01% X Accumulation 0.01% 0.01% D Accumulation 0.05% 0.05% H Income 0.05% 0.05% Operating charges are annualised and exclude portfolio trade-related costs, except costs paid to the custodian/depositary and entry/exit charges paidtoanunderlying collective investment scheme (if any).

389 BlackRock Collective Investment Funds iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) at 31 August 2020

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

EQUITIES − 99.58%; 29.2.2020 99.52% ISRAEL − 0.04%; 29.2.2020 0.05%

ARGENTINA − 0.18%; 29.2.2020 0.11% Computers − 0.04%; 29.2.2020 0.05% 8,311 Check Point Software 784 0.04 Internet − 0.18%; 29.2.2020 0.11% Technologies 3,807 MercadoLibre 3,316 0.18 NETHERLANDS − 0.11%; 29.2.2020 0.13% AUSTRALIA − 0.08%; 29.2.2020 0.07% Semiconductors − 0.11%; 29.2.2020 0.13% Software − 0.08%; 29.2.2020 0.07% 22,687 NXP Semiconductors 2,129 0.11 10,660 AtlassianØ 1,527 0.08 PERU − 0.05%; 29.2.2020 0.06% BERMUDA − 0.10%; 29.2.2020 0.14% Banks − 0.03%; 29.2.2020 0.05% Insurance − 0.10%; 29.2.2020 0.14% 6,588 Credicorp 642 0.03 32,367 Arch Capital 762 0.04 3,599 Everest Re 591 0.03 Mining − 0.02%; 29.2.2020 0.01% 3,770 RenaissanceRe 517 0.03 8,570 Southern Copper 308 0.02

1,870 0.10 RUSSIA − 0.06%; 29.2.2020 0.04%

CANADA − 0.14%; 29.2.2020 0.09% Internet − 0.06%; 29.2.2020 0.04% 22,257 Yandex 1,133 0.06 Retail − 0.14%; 29.2.2020 0.09% 9,100 Lululemon Athletica 2,551 0.14 SWEDEN − 0.14%; 29.2.2020 0.08%

CHINA − 0.07%; 29.2.2020 0.06% Automobile Parts & Equipment − 0.02%; 29.2.2020 0.02% 6,079 AutolivØ 356 0.02 Retail − 0.07%; 29.2.2020 0.06% 28,934 Yum China 1,246 0.07 Internet − 0.12%; 29.2.2020 0.06% 10,411 Spotify TechnologyØ 2,194 0.12 IRELAND − 1.23%; 29.2.2020 1.17% SWITZERLAND − 0.34%; 29.2.2020 0.42% Automobile Parts & Equipment − 0.07%; 29.2.2020 0.08% 21,002 AptivØ 1,350 0.07 Electronics − 0.15%; 29.2.2020 0.16% 12,049 Garmin 932 0.05 Computers − 0.50%; 29.2.2020 0.45% 27,079 TE Connectivity 1,952 0.10 52,176 Accenture 9,344 0.50 2,884 0.15 Diversified Financial Services − 0.01%; 29.2.2020 0.02% 8,199 AerCapØ 181 0.01 Insurance − 0.19%; 29.2.2020 0.26% 37,532 Chubb 3,502 0.19 Electronics − 0.03%; 29.2.2020 0.04% 7,923 Allegion 612 0.03 UNITED KINGDOM − 0.71%; 29.2.2020 0.89%

Healthcare Products − 0.47%; 29.2.2020 0.53% Apparel − 0.01%; 29.2.2020 0.01% 109,801 Medtronic 8,811 0.47 8,336 Capri 99 0.01

Miscellaneous Manufacturing − 0.09%; 29.2.2020 0.00% Beverages − 0.03%; 29.2.2020 0.03% 19,138 Trane Technologies 1,692 0.09 17,773 Coca-Cola European Partners 546 0.03

Pharmaceuticals − 0.06%; 29.2.2020 0.05% Chemicals − 0.43%; 29.2.2020 0.40% 5,037 Jazz Pharmaceuticals 506 0.03 42,995 Linde 8,019 0.43 12,282 Perrigo 480 0.03 Commercial Services − 0.10%; 29.2.2020 0.11% 986 0.06 31,440 IHS Markit 1,875 0.10 Environmental Control − 0.02%; 29.2.2020 0.02% 11,281 Pentair 380 0.02

BlackRock Collective Investment Funds 390 iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Insurance − 0.09%; 29.2.2020 0.28% 17,359 Tapestry 191 0.01 10,375 Willis Towers Watson 1,591 0.09 14,212 Under Armour 94 0.00 13,496 Under Armour 99 0.01 Media − 0.03%; 29.2.2020 0.04% 26,541 VF 1,302 0.07 27,110 Liberty Global 466 0.02 13,906 Liberty Global 243 0.01 10,697 0.57

709 0.03 Automobile Manufacturers − 1.62%; 29.2.2020 0.80% 12,348 Cummins 1,911 0.10 UNITED STATES OF AMERICA − 96.33%; 29.2.2020 96.21% 333,138 Ford Motor 1,697 0.09 Advertising − 0.06%; 29.2.2020 0.09% 104,635 General Motors 2,315 0.12 27,666 Interpublic 367 0.02 28,372 Paccar 1,818 0.10 17,016 Omnicom 687 0.04 60,525 TeslaØ 22,524 1.21

1,054 0.06 30,265 1.62

Aerospace & Defence − 1.51%; 29.2.2020 2.28% Automobile Parts & Equipment − 0.05%; 29.2.2020 0.06% 43,663 Boeing 5,603 0.30 18,096 BorgWarner 549 0.03 20,762 General Dynamics 2,315 0.12 5,498 Lear 468 0.02 5,304 Heico 354 0.02 1,017 0.05 2,668 Heico 219 0.01 33,107 Howmet Aerospace 433 0.02 Banks − 3.82%; 29.2.2020 5.46% 17,957 L3Harris Technologies 2,424 0.13 633,166 Bank of America 12,163 0.65 20,255 Lockheed Martin 5,903 0.32 66,060 Bank of New York Mellon 1,823 0.10 12,787 Northrop Grumman 3,272 0.18 169,168 Citigroup 6,456 0.35 116,280 Raytheon TechnologiesØ 5,291 0.28 34,875 Citizens Financial 674 0.04 2,892 Teledyne Technologies 677 0.04 11,001 Comerica 325 0.02 4,368 TransDigmØ 1,630 0.09 9,700 Commerce BancsharesØ 432 0.02 58,936 Fifth Third Bancorp 909 0.05 28,121 1.51 14,475 First Republic Bank/CA 1,220 0.07 Agriculture − 0.78%; 29.2.2020 0.90% 27,538 Goldman Sachs 4,210 0.23 154,157 Altria 5,035 0.27 82,842 Huntington Bancshares 582 0.03 43,371 Archer-Daniels-Midland 1,449 0.08 247,950 JPMorgan Chase 18,542 0.99 12,317 Bunge 420 0.02 76,398 KeyCorp 702 0.04 127,371 Philip Morris International 7,585 0.41 10,089 M&T Bank 778 0.04 90,617 Morgan Stanley 3,536 0.19 14,489 0.78 15,148 Northern Trust 926 0.05 Airlines − 0.04%; 29.2.2020 0.07% 34,159 PNC Financial Services‡ 2,835 0.15 1,501 Alaska Air 44 0.00 79,284 Regions Financial 684 0.04 Ø 7,057 American Airlines 69 0.00 27,293 State Street 1,388 0.07 11,105 Delta Air Lines 256 0.01 4,192 SVB Financial 800 0.04 14,369 Southwest Airlines 403 0.02 111,817 Truist Financial 3,239 0.17 Ø 4,413 United Airlines 119 0.01 108,658 US Bancorp 2,953 0.16 306,140 Wells Fargo 5,517 0.30 891 0.04 13,077 Zions Bancorp NA 314 0.02 Apparel − 0.57%; 29.2.2020 0.59% 33,346 HanesbrandsØ 381 0.02 71,008 3.82 99,153 Nike 8,283 0.44 Beverages − 1.55%; 29.2.2020 1.85% Ø 4,538 PVH 189 0.01 14,845 Brown-Forman 811 0.04 3,076 Ralph Lauren 158 0.01 316,447 Coca-Cola 11,704 0.63

391 BlackRock Collective Investment Funds iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

12,564 Constellation Brands 1,730 0.09 19,551 PPG Industries 1,758 0.09 28,070 Keurig Dr Pepper 625 0.03 6,713 Sherwin-Williams 3,363 0.18 13,909 Molson Coors Beverage 391 0.02 1,953 Westlake Chemical 86 0.00 30,036 Monster BeverageØ 1,880 0.10 22,228 1.17 113,618 PepsiCo 11,880 0.64 Commercial Services − 2.48%; 29.2.2020 2.23% 29,021 1.55 34,573 Automatic Data Processing 3,588 0.19 Biotechnology − 1.93%; 29.2.2020 1.91% 7,005 Cintas 1,744 0.09 17,725 Alexion Pharmaceuticals 1,511 0.08 3,268 CoStar 2,068 0.11 9,642 Alnylam Pharmaceuticals 955 0.05 10,282 EquifaxØ 1,292 0.07 48,184 Amgen 9,108 0.49 6,895 FleetCor Technologies 1,294 0.07 13,384 Biogen 2,875 0.15 6,929 Gartner 671 0.04 15,216 BioMarin Pharmaceutical 885 0.05 23,930 Global Payments 3,157 0.17 62,781 Corteva 1,338 0.07 4,130 ManpowerGroup 226 0.01 11,661 Exact SciencesØ 655 0.03 3,124 MarketAxess 1,133 0.06 102,027 Gilead Sciences 5,085 0.27 12,917 Moody’s 2,842 0.15 11,921 Illumina 3,177 0.17 32,714 Nielsen 373 0.02 14,614 Incyte 1,052 0.06 96,133 PayPal 14,642 0.78 8,039 Regeneron Pharmaceuticals 3,716 0.20 9,970 Robert Half International 396 0.02 10,514 Seattle Genetics 1,242 0.07 12,673 Rollins 522 0.03 21,243 Vertex Pharmaceuticals 4,423 0.24 19,708 S&P Global 5,392 0.29 30,018 Square 3,576 0.19 36,022 1.93 15,830 TransUnion 1,025 0.05 Building Materials − 0.39%; 29.2.2020 0.35% 5,411 United Rentals 715 0.04 73,721 Carrier GlobalØ 1,643 0.09 13,126 Verisk Analytics 1,829 0.10 12,399 Fortune Brands Home & 778 0.04 Security 46,485 2.48 58,543 Johnson Controls International 1,780 0.10 Computers − 7.79%; 29.2.2020 5.90% 5,152 Martin Marietta Materials 780 0.04 11,880 Amdocs 543 0.03 19,882 Masco 866 0.05 1,339,212 Apple 128,815 6.89 19,189 MDU Resources 338 0.02 43,621 Cognizant Technology Solutions 2,177 0.12 Ø 10,157 Vulcan Materials 910 0.05 10,947 Dell Technologies 540 0.03 17,673 DXC Technology 264 0.01 7,095 0.39 10,551 Fortinet 1,040 0.06 Chemicals − 1.17%; 29.2.2020 1.21% 105,697 Hewlett Packard Enterprise 763 0.04 18,366 Air Products and Chemicals 4,008 0.21 113,088 HP 1,651 0.09 Ø 9,323 Albemarle 633 0.03 72,414 International Business Machines 6,663 0.36 9,677 Celanese 730 0.04 11,567 Leidos 781 0.04 18,962 CF Industries 462 0.02 19,822 NetApp 701 0.04 64,303 Dow 2,166 0.12 20,775 Seagate Technology 744 0.04 59,302 DuPont de Nemours 2,469 0.13 24,726 Western DigitalØ 709 0.04 11,547 Eastman Chemical 630 0.03 145,391 7.79 20,152 Ecolab 2,964 0.16 10,689 FMC 853 0.05 Cosmetics & Personal Care − 1.48%; 29.2.2020 1.49% 8,529 International Flavors & 788 0.04 68,400 Colgate-Palmolive 4,047 0.22 Ø Fragrances 29,860 Coty 80 0.00 20,025 LyondellBasell Industries 979 0.05 18,286 Estee Lauder Cos 3,028 0.16 24,888 Mosaic 339 0.02

BlackRock Collective Investment Funds 392 iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

199,486 Procter & Gamble 20,599 1.10 2,752 Avangrid 99 0.01 43,254 CenterPoint EnergyØ 648 0.03 27,754 1.48 24,355 CMS Energy 1,100 0.06 Distribution & Wholesale − 0.24%; 29.2.2020 0.23% 26,863 Consolidated Edison 1,431 0.08 17,094 Copart 1,319 0.07 68,178 Dominion Energy 3,992 0.21 45,712 FastenalØ 1,667 0.09 15,004 DTE EnergyØ 1,330 0.07 22,879 LKQØ 542 0.03 59,746 Duke Energy 3,583 0.19 3,460 WW Grainger 944 0.05 28,126 Edison International 1,102 0.06 16,235 Entergy 1,202 0.06 4,472 0.24 18,910 Evergy 751 0.04 Diversified Financial Services − 3.87%; 29.2.2020 4.30% 28,513 Eversource Energy 1,824 0.10 3,498 Alliance Data Systems 118 0.01 77,237 Exelon 2,128 0.11 32,038 Ally Financial 547 0.03 44,977 FirstEnergy 959 0.05 54,144 American Express 4,105 0.22 40,059 NextEra Energy 8,348 0.45 10,618 Ameriprise Financial 1,243 0.07 18,758 NRG Energy 482 0.03 12,108 BlackRock‡ 5,372 0.29 78,350 PG&E 542 0.03 36,874 Capital One Financial 1,901 0.10 10,054 Pinnacle West Capital 551 0.03 9,604 Cboe Global Markets 656 0.04 64,544 PPL 1,331 0.07 95,186 Charles Schwab 2,524 0.13 40,098 Public Service Enterprise 1,563 0.08 29,243 CME 3,838 0.21 24,411 Sempra Energy 2,253 0.12 24,306 Discover Financial Services 964 0.05 86,355 SouthernØ 3,365 0.18 20,797 Franklin Resources 327 0.02 41,454 Vistra 595 0.03 43,795 Intercontinental Exchange 3,472 0.19 25,554 WEC Energy 1,795 0.10 24,089 Invesco 183 0.01 42,282 Xcel Energy 2,194 0.12 16,967 Jefferies Financial 222 0.01 48,183 2.57 72,217 Mastercard 19,309 1.03 8,991 Nasdaq 902 0.05 Electronics − 1.11%; 29.2.2020 1.20% 10,601 Raymond James Financial 599 0.03 24,615 Agilent Technologies 1,845 0.10 7,383 Santander Consumer USA 95 0.01 23,854 Amphenol 1,955 0.10 10,531 SEI Investments 412 0.02 5,150 Arrow Electronics 302 0.02 45,595 Synchrony Financial 844 0.05 46,755 Flex 378 0.02 18,736 T Rowe Price 1,945 0.10 25,603 Fortive 1,379 0.07 138,213 Visa 21,883 1.17 22,858 GentexØ 462 0.02 36,116 Western Union 636 0.03 57,475 Honeywell International 7,099 0.38 14,439 Jabil 368 0.02 72,097 3.87 15,780 Keysight Technologies 1,161 0.06 Electrical Components & 1,859 Mettler-Toledo International 1,348 0.07 Equipment − 0.22%; 29.2.2020 0.24% 8,635 Roper Technologies 2,754 0.15 Ø 2,485 Acuity Brands 203 0.01 13,682 Sensata Technologies 425 0.02 17,798 AMETEK 1,338 0.07 21,492 TrimbleØ 841 0.04 48,860 Emerson Electric 2,534 0.14 5,136 Waters 829 0.04

4,075 0.22 21,146 1.11

Electricity − 2.57%; 29.2.2020 3.19% Engineering & Construction − 0.04%; 29.2.2020 0.05% 53,741 AES 712 0.04 10,513 Jacobs EngineeringØ 709 0.04 19,834 Alliant Energy 802 0.04 Entertainment − 0.05%; 29.2.2020 0.07% 19,899 Ameren 1,175 0.06 10,932 Live Nation EntertainmentØ 464 0.02 39,518 American Electric Power 2,326 0.12

393 BlackRock Collective Investment Funds iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

3,553 Vail ResortsØ 578 0.03 51,062 Danaher 7,869 0.42 17,868 Dentsply Sirona 599 0.03 1,042 0.05 51,303 Edwards Lifesciences 3,289 0.18 Environmental Control − 0.22%; 29.2.2020 0.27% 12,475 Henry Schein 618 0.03 17,503 Republic Services 1,212 0.06 20,997 Hologic 936 0.05 34,223 Waste Management 2,911 0.16 6,635 IDEXX Laboratories 1,937 0.10 9,358 Intuitive Surgical 5,106 0.27 4,123 0.22 11,162 ResMed 1,506 0.08 Food Producers − 1.16%; 29.2.2020 1.19% 7,063 Steris 842 0.05 14,667 Campbell Soup 576 0.03 28,350 Stryker 4,192 0.22 41,109 Conagra BrandsØ 1,177 0.06 3,886 Teleflex 1,140 0.06 50,378 General Mills 2,406 0.13 32,329 Thermo Fisher Scientific 10,355 0.55 12,127 Hershey 1,346 0.07 7,606 Varian Medical Systems 986 0.05 23,415 Hormel Foods 891 0.05 16,764 Zimmer Biomet 1,764 0.09 6,137 Ingredion 369 0.02 62,187 3.31 9,052 J M Smucker 812 0.04 20,331 KelloggØ 1,076 0.06 Healthcare Services − 1.88%; 29.2.2020 1.90% 53,316 Kraft Heinz 1,395 0.07 20,980 Anthem 4,410 0.24 60,570 Kroger 1,614 0.09 48,065 Centene 2,200 0.12 12,648 Lamb WestonØ 594 0.03 6,129 DaVita 397 0.02 10,467 McCormick 1,612 0.09 21,520 HCA Healthcare 2,180 0.12 113,642 Mondelez International 4,957 0.27 10,571 Humana 3,276 0.18 38,702 SyscoØ 1,738 0.09 15,870 IQVIA 1,940 0.10 24,203 Tyson Foods 1,135 0.06 7,443 Laboratory of America 978 0.05 10,790 Quest Diagnostics 896 0.05 21,698 1.16 77,276 UnitedHealth 18,038 0.97 Food Services − 0.02%; 29.2.2020 0.03% 5,855 Universal Health Services 482 0.03 17,334 Aramark 357 0.02 34,797 1.88 Forest Products & Paper − 0.05%; 29.2.2020 0.06% Home Builders − 0.25%; 29.2.2020 0.25% 32,895 International Paper 891 0.05 28,114 DR Horton 1,498 0.08 Gas − 0.07%; 29.2.2020 0.09% 21,999 Lennar 1,229 0.07 9,998 Atmos Energy 745 0.04 267 NVR 829 0.04 30,160 NiSource 499 0.03 22,608 PulteGroup 752 0.04 9,657 Toll BrothersØ 304 0.02 1,244 0.07

Hand & Machine Tools − 0.11%; 29.2.2020 0.11% 4,612 0.25 4,829 Snap-on 535 0.03 Home Furnishings − 0.06%; 29.2.2020 0.05% 12,963 Stanley Black & Decker 1,560 0.08 11,861 Leggett & PlattØ 363 0.02 5,172 WhirlpoolØ 686 0.04 2,095 0.11

Healthcare Products − 3.31%; 29.2.2020 3.07% 1,049 0.06 141,491 Abbott Laboratories 11,565 0.62 Household Products − 0.37%; 29.2.2020 0.36% Ø 3,749 Abiomed 861 0.05 6,897 Avery Dennison 594 0.03 6,144 Align Technology 1,361 0.07 19,176 Church & Dwight 1,372 0.07 42,319 Baxter International 2,752 0.15 10,204 Clorox 1,703 0.09 115,783 Boston Scientific 3,546 0.19 28,108 Kimberly-Clark 3,310 0.18 4,102 Cooper Cos 963 0.05 6,979 0.37

BlackRock Collective Investment Funds 394 iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

Housewares − 0.02%; 29.2.2020 0.02% 17,985 Match 1,500 0.08 31,103 Newell BrandsØ 371 0.02 34,812 Netflix 13,755 0.74 43,366 NortonLifeLock 761 0.04 Insurance − 2.99%; 29.2.2020 3.45% 9,758 Okta 1,567 0.08 58,351 AflacØ 1,581 0.08 8,049 Palo Alto Networks 1,547 0.08 1,111 Alleghany 462 0.02 18,663 TD Ameritrade 535 0.03 25,818 Allstate 1,793 0.10 62,646 Twitter 1,898 0.10 68,287 American InternationalØ 1,486 0.08 112,250 Uber Technologies 2,819 0.15 18,392 Aon 2,747 0.15 8,098 VeriSign 1,299 0.07 16,232 Arthur J Gallagher 1,276 0.07 10,688 Zillow 684 0.04 5,378 Assurant 488 0.03 3,577 Zillow 228 0.01 109,825 Berkshire Hathaway 17,881 0.96 33 Berkshire Hathaway 8,064 0.43 230,196 12.32 21,136 Brown & Brown 732 0.04 Iron & Steel − 0.06%; 29.2.2020 0.07% 12,752 Cincinnati FinancialØ 756 0.04 23,452 Nucor 796 0.04 1,098 CNA Financial 26 0.00 13,760 Steel Dynamics 303 0.02 35,656 Equitable 564 0.03 22,179 Fidelity National Financial 544 0.03 1,099 0.06 8,983 Globe Life 553 0.03 Leisure Time − 0.10%; 29.2.2020 0.15% 27,026 Hartford Financial Services 816 0.04 33,139 Carnival 408 0.02 14,975 Lincoln National 403 0.02 9,473 Harley-DavidsonØ 196 0.01 18,772 Loews 503 0.03 14,332 Norwegian Cruise Line 183 0.01 1,147 Markel 930 0.05 4,996 Polaris 377 0.02 41,994 Marsh & McLennan Cos 3,604 0.19 13,058 Royal Caribbean CruisesØ 672 0.04 62,055 MetLife 1,781 0.10 19,573 Old Republic International 235 0.01 1,836 0.10 23,032 Principal Financial 724 0.04 Lodging − 0.30%; 29.2.2020 0.43% 47,538 Progressive 3,371 0.18 22,877 Hilton Worldwide 1,544 0.08 31,291 Prudential Financial 1,584 0.08 27,851 Las Vegas Sands 1,055 0.06 21,207 Travelers Cos 1,836 0.10 21,668 Marriott International 1,664 0.09 14,957 Unum 206 0.01 35,972 MGM Resorts International 604 0.03 10,580 Voya FinancialØ 410 0.02 6,529 Wyndham Hotels & Resorts 255 0.01 12,885 W R Berkley 597 0.03 8,469 Wynn ResortsØ 553 0.03 55,953 2.99 5,675 0.30 Internet − 12.32%; 29.2.2020 9.75% Machinery Construction & Mining − 0.25%; 29.2.2020 0.26% 24,573 Alphabet 29,859 1.60 44,235 Caterpillar 4,700 0.25 24,256 Alphabet 29,565 1.58 34,710 Amazon.com 89,205 4.77 Machinery Diversified − 0.60%; 29.2.2020 0.49% 3,344 Booking 4,769 0.26 25,904 Deere 4,062 0.22 12,345 CDW 1,047 0.06 10,850 Dover 889 0.05 16,801 E*TRADE Financial 679 0.04 9,387 FlowserveØ 208 0.01 54,909 eBayØ 2,244 0.12 6,425 IDEX 864 0.05 11,886 Expedia 871 0.05 36,562 Otis WorldwideØ 1,716 0.09 5,094 F5 Networks 503 0.03 9,739 Rockwell Automation 1,676 0.09 196,566 Facebook 43,027 2.30 15,828 Westinghouse Air Brake 786 0.04 12,435 GoDaddy 777 0.04 Technologies 6,264 IAC 621 0.03 19,705 LyftØ 436 0.02

395 BlackRock Collective Investment Funds iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

14,223 Xylem Inc/NY 852 0.05 153,033 Chevron 9,586 0.51 7,407 Cimarex Energy 154 0.01 11,053 0.60 16,250 Concho Resources 631 0.03 Media − 2.05%; 29.2.2020 2.20% 89,953 ConocoPhillips 2,545 0.14 29,128 Altice USA 600 0.03 4,414 Continental Resources 57 0.00 12,137 Charter CommunicationsØ 5,573 0.30 31,368 Devon Energy 255 0.01 370,937 Comcast 12,414 0.66 13,321 Diamondback Energy 387 0.02 30,074 Discovery 448 0.02 46,687 EOG Resources 1,580 0.08 12,834 DiscoveryØ 211 0.01 346,449 Exxon Mobil 10,332 0.55 21,447 DISH Network 569 0.03 22,586 Hess 777 0.04 28,695 FoxØ 597 0.03 13,201 HollyFrontier 235 0.01 9,900 Fox 205 0.01 64,114 Marathon Oil 252 0.01 9,199 Liberty Broadband 963 0.05 55,009 Marathon Petroleum 1,457 0.08 2,335 Liberty Broadband 241 0.01 35,465 Noble Energy 264 0.01 15,611 Liberty Media Corp-Liberty 420 0.02 70,544 Occidental PetroleumØ 671 0.04 SiriusXM 21,385 Ovintiv 177 0.01 8,471 Liberty Media Corp-Liberty 230 0.01 36,311 Phillips 66 1,586 0.08 SiriusXM 12,663 Pioneer Natural Resources 982 0.05 35,902 News 405 0.02 31,187 Valero Energy 1,224 0.07 6,056 News 68 0.00 105,926 Sirius XM 464 0.02 33,919 1.79 Ø 42,063 ViacomCBS 875 0.05 Oil & Gas Services − 0.18%; 29.2.2020 0.28% 147,943 Walt Disney 14,558 0.78 55,504 Baker Hughes 591 0.03 Ø 38,841 2.05 70,334 Halliburton 849 0.05 31,434 National Oilwell Varco 281 0.01 Mining − 0.26%; 29.2.2020 0.20% 117,914 Schlumberger 1,673 0.09 8,006 Arconic 133 0.01 120,831 Freeport-McMoRan 1,409 0.08 3,394 0.18 Ø 65,034 Newmont 3,266 0.17 Packaging & Containers − 0.16%; 29.2.2020 0.16% 4,808 0.26 27,100 Ball 1,626 0.09 8,327 Packaging of AmericaØ 629 0.03 Miscellaneous Manufacturing − 0.94%; 29.2.2020 1.30% 14,765 Sealed Air 433 0.02 45,997 3M 5,595 0.30 20,397 Westrock 462 0.02 33,484 Eaton 2,551 0.14 716,290 General Electric 3,386 0.18 3,150 0.16 25,613 Illinois Tool Works 3,777 0.20 Pharmaceuticals − 5.46%; 29.2.2020 6.00% 10,335 Parker-Hannifin 1,590 0.09 144,207 AbbVie 10,308 0.55 Ø 16,037 Textron 472 0.03 11,987 AmerisourceBergen 869 0.05 17,371 0.94 21,912 Becton Dickinson and 3,973 0.21 185,326 Bristol-Myers Squibb 8,606 0.46 Office & Business Equipment − 0.06%; 29.2.2020 0.02% 25,060 Cardinal Health 949 0.05 12,042 Xerox 170 0.01 29,056 Cigna 3,852 0.21 4,321 Zebra Technologies 924 0.05 107,001 CVS Health 4,963 0.27 1,094 0.06 7,639 DexCom 2,423 0.13 33,230 Elanco Animal Health 721 0.04 Oil & Gas Producers − 1.79%; 29.2.2020 2.76% 68,649 Eli Lilly and 7,605 0.41 30,611 Apache 338 0.02 6,698 Herbalife Nutrition 246 0.01 30,299 Cabot Oil & Gas 429 0.02 215,857 Johnson & Johnson 24,714 1.32

BlackRock Collective Investment Funds 396 iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

13,036 McKesson 1,494 0.08 7,283 Sun Communities 811 0.04 206,799 Merck 13,162 0.70 24,491 UDR 637 0.03 45,570 Mylan 557 0.03 30,455 Ventas 936 0.05 455,213 Pfizer 12,838 0.69 91,491 VEREITØ 459 0.02 38,320 Zoetis 4,580 0.25 14,909 Vornado Realty Trust 399 0.02 35,649 Welltower 1,530 0.08 101,860 5.46 58,507 Weyerhaeuser 1,324 0.07 Pipelines − 0.26%; 29.2.2020 0.42% 13,409 WP Carey 694 0.04 19,827 Cheniere Energy 771 0.04 50,005 2.69 164,393 Kinder Morgan 1,696 0.09 32,167 Oneok 660 0.04 Retail − 5.21%; 29.2.2020 5.26% 15,248 Targa Resources 194 0.01 4,905 Advance Auto Parts 572 0.03 100,532 Williams Cos 1,558 0.08 1,991 AutoZone 1,777 0.10 18,247 Best Buy 1,511 0.08 4,879 0.26 5,049 Burlington StoresØ 743 0.04 Real Estate Investment & Services − 0.05%; 29.2.2020 0.07% 13,203 CarMax 1,054 0.06 26,033 CBRE 914 0.05 2,341 Chipotle Mexican Grill 2,291 0.12 36,104 Costco Wholesale 9,367 0.50 Real Estate Investment Trusts − 2.69%; 29.2.2020 3.12% 10,306 Darden Restaurants 667 0.04 45,303 AGNC Investment 477 0.03 20,119 Dollar General 3,033 0.16 10,208 Alexandria Real Estate Equities 1,283 0.07 19,871 Dollar Tree 1,427 0.08 36,099 American Tower 6,714 0.36 3,045 Domino’s Pizza 930 0.05 115,436 Annaly Capital Management 633 0.03 14,104 Gap 183 0.01 11,125 AvalonBay Communities 1,313 0.07 11,337 Genuine Parts 799 0.04 12,314 Boston Properties 799 0.04 87,934 Home Depot 18,695 1.00 34,174 Crown Castle International 4,165 0.22 13,363 Kohl’s 213 0.01 21,932 Digital Realty Trust 2,548 0.14 61,868 Lowe’s Cos 7,609 0.41 30,314 Duke Realty 872 0.05 17,305 Macy’s 90 0.00 7,193 Equinix 4,239 0.23 60,939 McDonald’s 9,714 0.52 14,004 Equity LifeStyle Properties 693 0.04 6,712 Nordstrom 80 0.00 30,160 Equity Residential 1,270 0.07 6,045 O’Reilly Automotive 2,099 0.11 5,480 Essex Property Trust 886 0.05 29,431 Ross Stores 2,001 0.11 10,623 Extra Space StorageØ 845 0.05 95,238 Starbucks 6,008 0.32 5,279 Federal Realty Investment Trust 312 0.02 41,548 Target 4,691 0.25 44,176 Healthpeak Properties 911 0.05 9,804 Tiffany 896 0.05 60,924 Host Hotels & Resorts 511 0.03 96,791 TJX Cos 3,959 0.21 47,800 Invitation Homes 1,022 0.05 9,609 Tractor Supply 1,067 0.06 23,090 Iron MountainØ 519 0.03 3,979 Ulta BeautyØ 689 0.04 32,240 Kimco Realty 288 0.02 60,549 Walgreens Boots Alliance 1,719 0.09 9,435 Mid-America Apartment 825 0.04 Communities 114,070 Walmart 11,829 0.63 19,053 Park Hotels & Resorts 135 0.01 24,124 Yum! Brands 1,726 0.09 60,238 Prologis 4,581 0.25 97,439 5.21 12,185 Public Storage 1,932 0.10 29,190 Realty IncomeØ 1,351 0.07 Savings & Loans − 0.02%; 29.2.2020 0.03% 15,860 Regency Centers 470 0.03 37,861 People’s United Financial 299 0.02 9,262 SBA Communications 2,116 0.11 Semiconductors − 4.61%; 29.2.2020 4.17% 25,002 Simon Property 1,266 0.07 95,438 Advanced Micro Devices 6,471 0.35 Ø 6,852 SL Green Realty 239 0.01 29,184 Analog Devices 2,546 0.14

397 BlackRock Collective Investment Funds iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of %of Holding or Market Total Holding or Market Total Nominal Value Net Nominal Value Net Value Investment £000’s Assets Value Investment £000’s Assets

73,661 Applied Materials 3,387 0.18 18,783 SS&C Technologies 893 0.05 31,877 Broadcom 8,254 0.44 12,568 Synopsys 2,077 0.11 346,981 Intel 13,196 0.71 9,398 Take-Two Interactive Software 1,202 0.06 3,344 IPG Photonics 403 0.02 11,081 Twilio 2,234 0.12 12,270 KLA 1,878 0.10 10,746 Veeva Systems 2,266 0.12 11,981 Lam Research 3,009 0.16 6,596 VMwareØ 711 0.04 51,092 Marvell Technology 1,479 0.08 14,376 Workday 2,573 0.14 22,976 Maxim Integrated Products 1,173 0.06 200,960 10.74 19,763 Microchip TechnologyØ 1,618 0.09 92,392 Micron Technology 3,139 0.17 Telecommunications − 2.59%; 29.2.2020 2.97% 48,324 NVIDIA 19,304 1.03 5,104 Arista NetworksØ 852 0.05 8,969 Qorvo 859 0.05 583,727 AT&T 12,992 0.70 92,126 QUALCOMM 8,193 0.44 88,235 CenturyLinkØ 708 0.04 13,456 Skyworks Solutions 1,455 0.08 347,603 Cisco Systems 10,955 0.59 75,139 Texas Instruments 7,970 0.43 62,544 Corning 1,516 0.08 19,017 Xilinx 1,478 0.08 29,133 Juniper NetworksØ 544 0.03 14,416 Motorola Solutions 1,666 0.09 85,812 4.61 45,720 T-Mobile US 3,983 0.21 Shipbuilding − 0.02%; 29.2.2020 0.03% 339,187 Verizon Communications 15,004 0.80 3,137 Huntington Ingalls Industries 355 0.02 48,220 2.59 Software − 10.74%; 29.2.2020 9.15% Textiles − 0.02%; 29.2.2020 0.02% 62,466 Activision Blizzard 3,896 0.21 5,182 Mohawk Industries 357 0.02 39,378 Adobe 15,087 0.81 13,560 Akamai Technologies 1,178 0.06 Toys, Games & Hobbies − 0.03%; 29.2.2020 0.04% 6,725 ANSYSØ 1,700 0.09 10,405 HasbroØ 613 0.03 17,916 Autodesk 3,286 0.18 Transportation − 1.62%; 29.2.2020 1.46% 9,643 Broadridge Financial Solutions 989 0.05 10,512 CH Robinson Worldwide 771 0.04 22,551 Cadence Design Systems 1,867 0.10 63,394 CSX 3,619 0.19 10,850 CDK Global 378 0.02 14,581 Expeditors International of 962 0.05 23,772 Cerner 1,301 0.07 WashingtonØ 10,742 Citrix Systems 1,164 0.06 19,628 FedExØ 3,222 0.17 14,494 DocuSign 2,412 0.13 6,954 JB Hunt Transport Services 730 0.04 22,554 Electronic Arts 2,348 0.13 7,284 Kansas City Southern 990 0.05 50,220 Fidelity National Information 5,658 0.30 21,019 Norfolk Southern 3,336 0.18 Services 7,957 Old Dominion Freight Line 1,200 0.06 45,002 Fiserv 3,346 0.18 55,571 Union Pacific 7,980 0.43 20,624 Intuit 5,317 0.28 57,721 United Parcel Service 7,050 0.38 613,002 Microsoft 103,010 5.51 7,849 XPO LogisticsØ 517 0.03 6,848 MSCI 1,909 0.10 160,963 Oracle 6,873 0.37 30,377 1.62 26,363 Paychex 1,505 0.08 Water − 0.09%; 29.2.2020 0.08% 4,253 Paycom Software 951 0.05 15,247 American Water Works 1,609 0.09 9,542 PTC 651 0.03 6,045 RingCentral 1,313 0.07 70,894 salesforce.com 14,417 0.77 15,471 ServiceNow 5,569 0.30 30,817 Slack Technologies 755 0.04 12,976 SplunkØ 2,124 0.11

BlackRock Collective Investment Funds 398 iShares US Equity Index Fund (UK)

Portfolio Statement (unaudited) continued

%of Holding or Market Total Nominal Value Net Value Investment £000’s Assets

COLLECTIVE INVESTMENT SCHEMES − 0.19%; 29.2.2020 0.19%

Short-term Money Market Funds − 0.19%; 29.2.2020 0.19% 4,703,398 BlackRock ICS US Dollar 3,513 0.19 Liquidity Fund - Agency Income Class†

%of Holding or Underlying Market Total Nominal Exposure − Derivatives Value Net Value Investment £000’s £000’s Assets

DERIVATIVES − 0.01%; 29.2.2020 (0.06%)

Futures − 0.01%; 29.2.2020 (0.06%) 63 S&P 500 E-Mini September 2020 8,232 296 0.01

Portfolio of investments 1,864,899 99.78 Net other assets 4,060 0.22

Total net assets 1,868,959 100.00

399 BlackRock Collective Investment Funds iShares US Equity Index Fund (UK)

Statement of Total Return (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Income Net capital gains 240,399 159,493 Revenue 15,522 12,357 Expenses (576) (537) Interest payable and similar charges (2) – Net revenue before taxation 14,944 11,820 Taxation (2,118) (1,708) Net revenue after taxation 12,826 10,112 Total return before distributions 253,225 169,605 Distributions (12,826) (10,112) Change in net assets attributable to unitholders from investment activities 240,399 159,493

Statement of Change in Net Assets Attributable to Unitholders (unaudited) for the six months ended 31 August 2020

31.8.2020 31.8.2019 £000’s £000’s £000’s £000’s Opening net assets attributable to unitholders 1,540,370 1,039,116 Amounts receivable on issue of units 321,692 227,439 Amounts payable on cancellation of units (245,542) (79,705) 76,150 147,734 Change in net assets attributable to unitholders from investment activities 240,399 159,493 Retained distribution on accumulation units 12,040 10,175 Closing net assets attributable to unitholders 1,868,959 1,356,518 The above statement shows the comparative closing net assets at 31 August 2019 whereas the current accounting period commenced 1 March 2020.

BlackRock Collective Investment Funds 400 iShares US Equity Index Fund (UK)

Balance Sheet (unaudited) at 31 August 2020

31.8.2020 29.2.2020 £000’s £000’s Assets: Fixed assets − Investment assets 1,864,899 1,535,918 Current assets − Debtors 44,588 7,168 − Cash and bank balances 11,742 1,676 − Cash collateral posted 571 350 Total assets 1,921,800 1,545,112

Liabilities: Investment liabilities – (883) Creditors − Amounts held at futures clearing houses and brokers (264) – − Distributions payable (731) (763) − Other creditors (51,846) (3,096) Total liabilities (52,841) (4,742) Net assets attributable to unitholders 1,868,959 1,540,370

G D Bamping (Director) M T Zemek (Director) BlackRock Fund Managers Limited 29 October 2020

401 BlackRock Collective Investment Funds Supplementary Information

Efficient Portfolio Management Techniques The Manager may, on behalf of certain Funds and subject to the conditions and within the limits laid down by the FCA and the Prospectus, employ techniques and instruments relating to transferable securities, including investments in Over-the-Counter Financial Derivative Instruments (OTC FDIs) provided that such techniques and instruments are used for efficient portfolio management purposes or to provide protection against exchange risk or for direct investment purposes, where applicable.

In addition to the investments in OTC FDIs, the Funds may employ other techniques and instruments relating to transferable securities and money market instruments, subject to the conditions set out in the Trust’s Prospectus, as amended from time to time, and the ESMA Guidelines, such as repurchase / reverse repurchase transactions (“repo transactions”) and securities lending.

Securities Lending and Total Return Swaps (TRS) Securities lending transactions entered into by the Funds are subject to a written legal agreement between the Funds and the Securities Lending Agent, BlackRock Advisors (UK) Limited, a related party to the Funds, and separately between the Securities Lending Agent and the approved borrowing counterparty. Collateral received in exchange for securities lent is transferred under a title transfer arrangement and is delivered to and held in an account with a tri-party collateral manager in the name of The Bank of New York Mellon (International) Limited (“the Trustee”) on behalf of the Funds. Collateral received is segregated from the assets belonging to the Funds’ Trustee or the Lending Agent.

TRS are entered into by the Funds under an International Swaps and Derivatives Association, Inc. Master agreement (“ISDA Master Agreement”) or similar agreement. An ISDA Master Agreement is a bilateral agreement between the Funds and a counterparty that governs OTC FDIs (including TRS) entered into by the parties. The parties’ exposures under the ISDA Master Agreement are netted and collateralised together, therefore any collateral disclosures provided are in respect of all OTC FDIs entered into by the Funds under the ISDA Master Agreement, not just TRS. All collateral received/posted by the Funds under the ISDA Master Agreement is transferred bilaterally under a title transfer arrangement.

BlackRock Collective Investment Funds 402 Supplementary Information continued

The following table details the value of securities on loan as a proportion of the Funds’ total lendable assets and Net Asset Value (NAV) and the value of TRS as a proportion of the Funds’ NAV, as at 31 August 2020. The income/returns earned from securities lending and TRS respectively are also shown for the period ended 31 August 2020. Total lendable assets represents the aggregate value of assets forming part of the Funds’ securities lending programme. This excludes any assets held by the Funds that are not considered lendable due to any market, regulatory, investment or other restriction. The value of TRS is based on the underlying exposure value on a gross absolute basis as disclosed in the Funds’ Portfolio Statements.

Securities on loan TRS % Income Returns of lendable % earned % earned Fund assets of NAV £000’s of NAV £000’s BlackRock Balanced Managed Fund 9.74 5.38 12 11.70 (161)

BlackRock Corporate Bond 1-10 Year Fund 4.17 3.93 48 – –

iShares 100 UK Equity Index Fund (UK) 5.47 5.05 53 – –

iShares 350 UK Equity Index Fund (UK) 7.93 7.53 71 – –

iShares Continental European Equity Index Fund (UK) 13.03 12.33 693 – –

iShares Corporate Bond Index Fund (UK) 5.49 4.96 219 – –

iShares Emerging Markets Equity Index Fund (UK) 14.10 6.33 272 – –

iShares Global Property Securities Equity Index Fund (UK) 17.95 16.47 497 – –

iShares Japan Equity Index Fund (UK) 43.86 40.54 425 – –

iShares Mid Cap UK Equity Index Fund (UK) 16.11 15.21 135 – –

iShares North American Equity Index Fund (UK) 4.57 4.22 234 – –

iShares Over 15 Years Corporate Bond Index Fund (UK) 4.06 3.82 9 – –

iShares Over 15 Years Gilts Index Fund (UK) 12.91 12.22 10 – –

iShares Overseas Corporate Bond Index Fund (UK) 2.15 1.95 102 – –

iShares Overseas Government Bond Index Fund (UK) 6.91 6.40 38 – –

iShares Pacific Ex Japan Equity Index Fund (UK) 33.94 24.01 286 – –

iShares UK Equity Index Fund (UK) 8.84 8.19 1,029 – –

iShares UK Gilts All Stocks Index Fund (UK) 50.44 46.84 469 – –

iShares US Equity Index Fund (UK) 2.93 2.77 43 – –

403 BlackRock Collective Investment Funds Supplementary Information continued

The total income earned from securities lending transactions is split between the relevant Fund and the Securities Lending Agent. The Fund receives 62.5% while the Securities Lending Agent receives 37.5% of such income, with all operational costs borne out of the Securities Lending Agent’s share.

All returns and costs from OTC FDIs/TRS will accrue to the Funds and are not subject to any returns or costs sharing arrangements with the Fund’s Manager or any other third parties.

The following table details the value of securities on loan (individually identified in the Fund’s portfolio statement) and associated collateral received and the underlying exposure value on a gross absolute basis for TRS, analysed by counterparty as at 31 August 2020.

Securities Lending TRS Counterparty’s country of Amount Collateral Underlying Counterparty establishment on loan received exposure BlackRock Balanced Managed Fund £000’s £000’s £000’s Barclays Capital Securities Limited UK 518 559 12,630 BNP Paribas Arbitrage SNC France 627 651 19,466 Citigroup Global Markets Limited UK 7,787 8,099 20,657 Credit Suisse Securities (Europe) Limited UK 540 571 – Deutsche Bank AG Germany 177 196 – J.P.Morgan Securities Plc UK 145 162 – J.P.Morgan Securities Plc (Euroclear) UK 17,425 18,130 – Merrill Lynch International UK – – 5,609 Morgan Stanley & Co. International Plc UK 2,273 2,358 – Société Générale SA France – – 6,895 The Bank of Nova Scotia Canada 145 159 – UBS AG Switzerland 362 396 –

Total 29,999 31,281 65,257

BlackRock Collective Investment Funds 404 Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received BlackRock Corporate Bond 1-10 Year Fund £000’s £000’s Barclays Bank Plc UK 2,892 3,014 BNP Paribas Arbitrage SNC France 9,380 9,774 Citigroup Global Markets Limited UK 6,681 6,906 Deutsche Bank AG (Euroclear) Germany 1,348 1,404 Goldman Sachs International UK 9,178 9,861 HSBC Bank Plc UK 939 1,024 J.P.Morgan Securities Plc UK 3,523 3,883 J.P.Morgan Securities Plc (Euroclear) UK 8,868 9,227 Morgan Stanley & Co. International Plc UK 2,394 2,514 RBC Europe Limited (Euroclear) UK 2,732 2,849 Société Générale SA France 305 322

Total 48,240 50,778

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares 100 UK Equity Index Fund (UK) £000’s £000’s Banco Santander, S.A. Spain 29,419 32,365 Barclays Capital Securities Limited UK 11,484 12,398 BNP Paribas Arbitrage SNC France 2,430 2,681 Citigroup Global Markets Limited UK 1,931 2,181 Credit Suisse AG Dublin Branch Ireland 792 855 Deutsche Bank AG Germany 319 353 J.P.Morgan Securities Plc UK 7,068 7,873 The Bank of Nova Scotia Canada 9,915 10,960 UBS AG Switzerland 652 714

Total 64,010 70,380

405 BlackRock Collective Investment Funds Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares 350 UK Equity Index Fund (UK) £000’s £000’s Banco Santander, S.A. Spain 25,524 28,081 Barclays Capital Securities Limited UK 5,516 5,955 BNP Paribas Arbitrage SNC France 1,000 1,102 Citigroup Global Markets Limited UK 4,456 5,032 Credit Suisse AG Dublin Branch Ireland 419 453 Credit Suisse Securities (Europe) Limited UK 275 291 Goldman Sachs International UK 3,683 4,288 HSBC Bank Plc UK 126 138 J.P.Morgan Securities Plc UK 1,445 1,609 Macquarie Bank Limited Australia 21 24 Morgan Stanley & Co. International Plc UK 1,341 1,488 Natixis S.A. France 4,555 5,014 Société Générale France 118 143 The Bank of Nova Scotia Canada 4,165 4,604 UBS AG Switzerland 14,585 15,964

Total 67,229 74,186

BlackRock Collective Investment Funds 406 Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Continental European Equity Index Fund (UK) £000’s £000’s Barclays Capital Securities Limited UK 39,464 42,606 BNP Paribas Arbitrage SNC France 5,436 5,995 Citigroup Global Markets Limited UK 22,400 25,294 Credit Suisse AG Dublin Branch Ireland 37,082 40,069 Credit Suisse International UK 11,230 12,759 Credit Suisse Securities (Europe) Limited UK 75,503 79,852 Deutsche Bank AG Germany 60,538 67,052 Goldman Sachs International UK 4,955 5,770 HSBC Bank Plc UK 29,895 32,792 J.P.Morgan Securities Plc UK 27,554 30,692 Macquarie Bank Limited Australia 4,222 4,704 Merrill Lynch International UK 21,839 23,001 Morgan Stanley & Co. International Plc UK 32,277 35,818 Natixis S.A. France 5,187 5,709 Société Générale SA France 72,549 87,836 UBS AG Switzerland 1,965 2,151

Total 452,096 502,100

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Corporate Bond Index Fund (UK) £000’s £000’s Barclays Bank Plc UK 21,944 22,867 BNP Paribas Arbitrage SNC France 24,709 25,748 Citigroup Global Markets Limited UK 70,383 72,758 Credit Suisse Securities (Europe) Limited UK 6,428 6,887 Deutsche Bank AG (Euroclear) Germany 33,756 35,152 Goldman Sachs International UK 11,086 11,909 HSBC Bank Plc UK 47,115 51,361 J.P.Morgan Securities Plc UK 6,637 7,315 J.P.Morgan Securities Plc (Euroclear) UK 24,722 25,721 Morgan Stanley & Co. International Plc UK 11,906 12,506 RBC Europe Limited (Euroclear) UK 22,903 23,891 The Bank of Nova Scotia Canada 3,078 3,420

Total 284,667 299,535

407 BlackRock Collective Investment Funds Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Emerging Markets Equity Index Fund (UK) £000’s £000’s Barclays Capital Securities Limited UK 3,981 4,298 BNP Paribas Arbitrage SNC France 433 477 Citigroup Global Markets Limited UK 14,376 16,233 Credit Suisse AG Dublin Branch Ireland 33,190 35,864 Credit Suisse Securities (Europe) Limited UK 2,791 2,952 Deutsche Bank AG Germany 8,191 9,072 Goldman Sachs International UK 568 661 HSBC Bank Plc UK 30,081 32,996 J.P.Morgan Securities Plc UK 25,740 28,671 Macquarie Bank Limited Australia 3,237 3,606 Merrill Lynch International UK 5,023 5,291 Morgan Stanley & Co. International Plc UK 1,192 1,323 Société Générale SA France 9,764 11,821 UBS AG Switzerland 25,679 28,107

Total 164,246 181,372

BlackRock Collective Investment Funds 408 Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Global Property Securities Equity Index Fund (UK) £000’s £000’s Barclays Capital Securities Limited UK 27,062 29,217 BNP Paribas Arbitrage SNC France 3,173 3,500 Citigroup Global Markets Limited UK 27,825 31,420 Credit Suisse AG Dublin Branch Ireland 53,343 57,641 Deutsche Bank AG Germany 120,917 133,928 Goldman Sachs International UK 15,447 17,986 HSBC Bank Plc UK 27,207 29,843 J.P.Morgan Securities Plc UK 105,660 117,694 Macquarie Bank Limited Australia 1,905 2,122 Merrill Lynch International UK 2,705 2,849 Morgan Stanley & Co. International Plc UK 23,525 26,106 Société Générale SA France 38,751 46,916 The Bank of Nova Scotia Canada 37,384 41,323 UBS AG Switzerland 20,210 22,120

Total 505,114 562,665

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Japan Equity Index Fund (UK) £000’s £000’s Barclays Capital Securities Limited UK 304,595 328,847 Citigroup Global Markets Limited UK 7,688 8,681 Credit Suisse AG Dublin Branch Ireland 35,023 37,845 Credit Suisse Securities (Europe) Limited UK 2,221 2,348 Deutsche Bank AG Germany 1,032 1,143 Goldman Sachs International UK 183 213 HSBC Bank Plc UK 1,123 1,232 J.P.Morgan Securities Plc UK 315,764 351,729 Merrill Lynch International UK 11,358 11,963 Natixis S.A. France 71 79 Nomura International UK 9,913 10,837 Société Générale SA France 51,948 62,893 UBS AG Switzerland 8,960 9,807

Total 749,879 827,617

409 BlackRock Collective Investment Funds Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Mid Cap UK Equity Index Fund (UK) £000’s £000’s Barclays Capital Securities Limited UK 13,045 14,084 BNP Paribas Arbitrage SNC France 2,739 3,021 Citigroup Global Markets Limited UK 6,424 7,254 Goldman Sachs International UK 5,445 6,340 HSBC Bank Plc UK 1,177 1,291 J.P.Morgan Securities Plc UK 5,517 6,145 Macquarie Bank Limited Australia 433 483 Merrill Lynch International UK 4,207 4,431 Morgan Stanley & Co. International Plc UK 2,814 3,123 Natixis S.A. France 347 382 Société Générale SA France 2,464 2,983 The Bank of Nova Scotia Canada 17,149 18,956 UBS AG Switzerland 28,832 31,557

Total 90,593 100,050

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares North American Equity Index Fund (UK) £000’s £000’s Citigroup Global Markets Limited UK 27,136 30,641 Credit Suisse AG Dublin Branch Ireland 19,558 21,133 Credit Suisse Securities (Europe) Limited UK 9,671 10,228 Deutsche Bank AG Germany 3,438 3,808 Goldman Sachs International UK 3,427 3,990 HSBC Bank Plc UK 9,300 10,202 Merrill Lynch International UK 4,648 4,895 Morgan Stanley & Co. International Plc UK 507 563 Société Générale SA France 58,160 70,414 The Bank of Nova Scotia Canada 36,109 39,914 UBS AG Switzerland 88,998 97,412

Total 260,952 293,200

BlackRock Collective Investment Funds 410 Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Over 15 Years Corporate Bond Index Fund (UK) £000’s £000’s Barclays Bank Plc UK 784 817 BNP Paribas Arbitrage SNC France 2,130 2,219 Citigroup Global Markets Limited UK 833 861 HSBC Bank Plc UK 2,610 2,846 J.P.Morgan Securities Plc (Euroclear) UK 2,252 2,343 Société Générale SA France 1,981 2,089

Total 10,590 11,175

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Over 15 Years Gilts Index Fund (UK) £000’s £000’s Barclays Bank Plc UK 33,528 34,939 J.P.Morgan Securities Plc UK 86,838 93,246 J.P.Morgan Securities Plc (Euroclear) UK 90,834 94,508

Total 211,200 222,693

411 BlackRock Collective Investment Funds Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Overseas Corporate Bond Index Fund (UK) £000’s £000’s Banco Santander, S.A. UK 893 990 Barclays Bank Plc UK 4,635 4,831 BNP Paribas Arbitrage SNC France 2,739 2,854 Citigroup Global Markets Limited UK 14,133 14,610 Deutsche Bank AG (Euroclear) Germany 512 533 Goldman Sachs International UK 4,938 5,305 HSBC Bank Plc UK 1,557 1,698 J.P.Morgan Securities Plc UK 6,090 6,712 J.P.Morgan Securities Plc (Euroclear) UK 7,269 7,563 Merrill Lynch International UK 2,848 3,016 Morgan Stanley & Co. International Plc UK 4,034 4,237 Nomura International UK 2,423 2,604 Société Générale SA France 574 605 The Bank of Nova Scotia Canada 579 643 UBS AG Switzerland 3,310 3,614

Total 56,534 59,815

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Overseas Government Bond Index Fund (UK) £000’s £000’s Barclays Bank Plc UK 1,792 1,867 BNP Paribas France 22,835 24,915 Citigroup Global Markets Limited UK 3,584 3,734 J.P.Morgan Securities Plc UK 1,731 1,983 J.P.Morgan Securities Plc (Euroclear) UK 4,127 4,294 Merrill Lynch International UK 552 617 Morgan Stanley & Co. International Plc UK 17,061 17,574 Natixis S.A. France 13,524 14,960 Société Générale SA France 44,906 49,655 The Bank of Nova Scotia Canada 1,609 1,894 UBS AG Switzerland 953 1,105

Total 112,674 122,598

BlackRock Collective Investment Funds 412 Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares Pacific Ex Japan Equity Index Fund (UK) £000’s £000’s Barclays Capital Securities Limited UK 8 9 Citigroup Global Markets Limited UK 802 905 Credit Suisse AG Dublin Branch Ireland 3,156 3,410 Credit Suisse Securities (Europe) Limited UK 2,449 2,590 Deutsche Bank AG Germany 5,623 6,228 HSBC Bank Plc UK 1,907 2,092 J.P.Morgan Securities Plc UK 11,187 12,461 Macquarie Bank Limited Australia 18,553 20,671 Merrill Lynch International UK 203,905 214,755 Morgan Stanley & Co. International Plc UK 5,789 6,424 Nomura International UK 3,591 3,925 Société Générale SA France 47,721 57,777 The Bank of Nova Scotia Canada 254 280 UBS AG Switzerland 1,926 2,108

Total 306,871 333,635

413 BlackRock Collective Investment Funds Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares UK Equity Index Fund (UK) £000’s £000’s Banco Santander, S.A. Spain 88,935 97,844 Barclays Capital Securities Limited UK 152,947 165,125 BNP Paribas Arbitrage SNC France 16,101 17,758 Citigroup Global Markets Limited UK 19,677 22,219 Credit Suisse AG Dublin Branch Ireland 9,852 10,646 Credit Suisse Securities (Europe) Limited UK 80,414 85,045 Deutsche Bank AG Germany 60,523 67,036 Goldman Sachs International UK 9,028 10,512 HSBC Bank Plc UK 4,828 5,295 J.P.Morgan Securities Plc UK 30,088 33,515 Macquarie Bank Limited Australia 4,233 4,716 Merrill Lynch International UK 26,573 27,987 Morgan Stanley & Co. International Plc UK 15,758 17,487 Natixis S.A. France 4,300 4,732 Nomura International UK 1,891 2,067 Société Générale SA France 49,386 59,792 The Bank of Nova Scotia Canada 131,981 145,888 UBS AG Switzerland 134,408 147,115

Total 840,923 924,779

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares UK Gilts All Stocks Index Fund (UK) £000’s £000’s Banco Santander, S.A. (Euroclear) Spain 1,148 1,245 Banco Santander, S.A. Spain 21,993 24,200 Barclays Bank Plc UK 46,719 48,685 BNP Paribas Arbitrage SNC France 488,518 506,723 Citigroup Global Markets Limited UK 340,071 353,718 J.P.Morgan Securities Plc (Euroclear) UK 737,946 767,792 Morgan Stanley & Co. International Plc UK 646,605 670,757 Société Générale SA France 20,276 22,049 The Bank of Nova Scotia Canada 15,097 16,577

Total 2,318,373 2,411,746

BlackRock Collective Investment Funds 414 Supplementary Information continued

Securities Lending Counterparty’s country of Amount Collateral Counterparty establishment on loan received iShares US Equity Index Fund (UK) £000’s £000’s Credit Suisse AG Dublin Branch Ireland 12,143 13,122 HSBC Bank Plc UK 7,888 8,652 Merrill Lynch International UK 7,051 7,426 The Bank of Nova Scotia Canada 8,337 9,215 UBS AG Switzerland 16,357 17,903

Total 51,776 56,318

The following table details the underlying exposure value on a gross absolute basis for TRS, analysed by counterparty as at 31 August 2020 for the BlackRock Balanced Managed Fund. Note no other funds held TRS as at 31 August 2020.

Maturity Tenor 1-30 31 - 90 91 - 365 More than Open Fund days days days 365 days transactions Total BlackRock Balanced Managed Fund £000’s £000’s £000’s £000’s £000’s £000’s TRS 24,115 – 41,142 – – 65,257

The above maturity tenor analysis has been based on the respective transaction contractual maturity date. All securities on loan and CFDs have an open maturity tenor as they are recallable or terminable on a daily basis.

415 BlackRock Collective Investment Funds Supplementary Information continued

Collateral The Funds engage in activities which may require collateral to be provided to a counterparty (“collateral posted”) or may hold collateral received (“collateral received”) from a counterparty.

The following table provides an analysis by currency of the cash and underlying non-cash collateral received/posted by way of title transfer collateral arrangement by the Funds, in respect of securities lending transactions and OTC FDIs (including TRS), as at 31 August 2020.

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted BlackRock Balanced Managed Fund £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 9 – CAD – – 78 – CHF – – 66 – CNY – – 145 – DKK – – 6 – EUR – – 19,121 – GBP – – 4,306 – HKD – – 13 – JPY – – 310 – NOK – – 1,146 – SEK – – 23 – SGD – – 18 – USD – – 6,040 –

Total – – 31,281 –

OTC FDIs GBP 9,202 – – –

9,202 – – –

Total 9,202 – 31,281 –

BlackRock Collective Investment Funds 416 Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted BlackRock Corporate Bond 1-10 Year Fund £000’s £000’s £000’s £000’s Securities lending transactions CAD – – 399 – CHF – – 252 – CNY – – 1,029 – DKK – – 148 – EUR – – 32,409 – GBP – – 5,236 – HKD – – 190 – NOK – – 1,628 – SEK – – 98 – USD – – 9,389 –

Total – – 50,778 –

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares 100 UK Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 15 – CAD – – 2,907 – CHF – – 639 – CNY – – 14,256 – DKK – – 40 – EUR – – 8,178 – GBP – – 4,484 – HKD – – 1,193 – JPY – – 7,011 – NOK – – 23 – SEK – – 286 – SGD – – 375 – USD – – 30,973 –

Total – – 70,380 –

OTC FDIs GBP – 3,112 – –

–3,112– –

Total – 3,112 70,380 –

417 BlackRock Collective Investment Funds Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares 350 UK Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 266 – CAD – – 1,476 – CHF – – 691 – CNY – – 11,483 – DKK – – 159 – EUR – – 9,905 – GBP – – 6,526 – HKD – – 1,552 – JPY – – 7,321 – NOK – – 31 – NZD – – 1 – SEK – – 246 – SGD – – 175 – USD – – 34,354 –

Total – – 74,186 –

OTC FDIs GBP – 1,254 – –

–1,254– –

Total – 1,254 74,186 –

BlackRock Collective Investment Funds 418 Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Continental European Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 1,141 – CAD – – 767 – CHF – – 17,488 – CNY – – 53,893 – DKK – – 4,638 – EUR – – 130,409 – GBP – – 47,314 – HKD – – 7,587 – ILS – – 112 – JPY – – 44,093 – NOK – – 1,148 – NZD – – 553 – SEK – – 2,409 – SGD – – 2,146 – USD – – 188,402 –

Total – – 502,100 –

OTC FDIs GBP – 6,422 – –

–6,422– –

Total – 6,422 502,100 –

419 BlackRock Collective Investment Funds Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Corporate Bond Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions CAD – – 2,729 – CHF – – 475 – CNY – – 15,096 – DKK – – 3,496 – EUR – – 183,008 – GBP – – 21,450 – HKD – – 3,886 – JPY – – 230 – NOK – – 11,610 – SEK – – 4,727 – USD – – 52,828 –

Total – – 299,535 –

BlackRock Collective Investment Funds 420 Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Emerging Markets Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 1,022 – CAD – – 215 – CHF – – 3,656 – CNY – – 17,655 – DKK – – 3,766 – EUR – – 32,961 – GBP – – 14,584 – HKD – – 3,471 – ILS – – 86 – JPY – – 29,398 – NOK – – 969 – NZD – – 74 – SEK – – 619 – SGD – – 146 – USD – – 72,750 –

Total – – 181,372 –

OTC FDIs GBP – 5,791 – –

–5,791– –

Total – 5,791 181,372 –

421 BlackRock Collective Investment Funds Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Global Property Securities Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 2,067 – CAD – – 11,940 – CHF – – 9,299 – CNY – – 52,519 – DKK – – 5,774 – EUR – – 114,783 – GBP – – 48,217 – HKD – – 5,949 – ILS – – 50 – JPY – – 83,082 – NOK – – 1,740 – NZD – – 296 – SEK – – 2,160 – SGD – – 748 – USD – – 224,041 –

Total – – 562,665 –

OTC FDIs GBP – 1,777 – –

–1,777– –

Total – 1,777 562,665 –

BlackRock Collective Investment Funds 422 Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Japan Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 191 – CAD – – 3,482 – CHF – – 18,328 – CNY – – 111,492 – DKK – – 796 – EUR – – 179,421 – GBP – – 72,186 – HKD – – 6,167 – JPY – – 223,390 – NOK – – 983 – NZD – – 396 – SEK – – 6,291 – SGD – – 6,567 – USD – – 197,927 –

Total – – 827,617 –

423 BlackRock Collective Investment Funds Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Mid Cap UK Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 541 – CAD – – 5,335 – CHF – – 1,725 – CNY – – 3,723 – DKK – – 352 – EUR – – 21,619 – GBP – – 12,597 – HKD – – 1,407 – ILS – – 11 – JPY – – 13,942 – NOK – – 38 – NZD – – 19 – SEK – – 452 – SGD – – 425 – USD – – 37,864 –

Total – – 100,050 –

OTC FDIs GBP – 371 – –

– 371 – –

Total – 371 100,050 –

BlackRock Collective Investment Funds 424 Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares North American Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 1,795 – CAD – – 10,571 – CHF – – 6,709 – CNY – – 20,983 – DKK – – 1,997 – EUR – – 53,504 – GBP – – 30,458 – HKD – – 5,843 – JPY – – 30,949 – NOK – – 665 – NZD – – 443 – SEK – – 940 – SGD – – 130 – USD – – 128,213 –

Total – – 293,200 –

OTC FDIs GBP – 11,063 – –

– 11,063 – –

Total – 11,063 293,200 –

425 BlackRock Collective Investment Funds Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Over 15 Years Corporate Bond Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions CAD – – 397 – CNY – – 758 – DKK – – 574 – EUR – – 6,117 – GBP – – 995 – HKD – – 203 – NOK – – 209 – SEK – – 262 – USD – – 1,660 –

Total – – 11,175 –

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Over 15 Years Gilts Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions CAD – – 10,003 – EUR – – 112,303 – GBP – – 35,180 – NOK – – 5,791 – SEK – – 40 – USD – – 59,376 –

Total – – 222,693 –

BlackRock Collective Investment Funds 426 Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Overseas Corporate Bond Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions CAD – – 982 – CHF – – 435 – CNY – – 1,850 – DKK – – 341 – EUR – – 37,198 – GBP – – 6,269 – HKD – – 323 – JPY – – 232 – NOK – – 1,567 – SEK – – 159 – USD – – 10,459 –

Total – – 59,815 –

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Overseas Government Bond Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 2,885 – CAD – – 1,329 – CHF – – 4,733 – CNY – – 7,626 – DKK – – 228 – EUR – – 39,259 – GBP – – 6,576 – HKD – – 4,751 – JPY – – 16,036 – NOK – – 1,263 – SEK – – 3,249 – SGD – – 1,360 – USD – – 33,303 –

Total – – 122,598 –

427 BlackRock Collective Investment Funds Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares Pacific Ex Japan Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 124 – CAD – – 97 – CHF – – 25,556 – CNY – – 18,856 – DKK – – 344 – EUR – – 157,003 – GBP – – 22,462 – HKD – – 2,726 – ILS – – 490 – JPY – – 9,613 – NOK – – 101 – NZD – – 364 – SEK – – 83 – SGD – – 33 – USD – – 95,783 –

Total – – 333,635 –

OTC FDIs GBP – 540 – –

– 540 – –

Total – 540 333,635 –

BlackRock Collective Investment Funds 428 Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares UK Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 3,151 – CAD – – 39,418 – CHF – – 19,728 – CNY – – 81,277 – DKK – – 2,849 – EUR – – 185,308 – GBP – – 106,474 – HKD – – 11,853 – ILS – – 112 – JPY – – 101,069 – NOK – – 567 – NZD – – 377 – SEK – – 4,531 – SGD – – 5,210 – USD – – 362,855 –

Total – – 924,779 –

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares UK Gilts All Stocks Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions CAD – – 7,509 – CHF – – 327 – CNY – – 8,466 – DKK – – 1,965 – EUR – – 1,600,780 – GBP – – 380,338 – HKD – – 3,632 – JPY – – 3,487 – NOK – – 48,547 – SEK – – 325 – USD – – 356,370 –

Total – – 2,411,746 –

429 BlackRock Collective Investment Funds Supplementary Information continued

Cash Cash Non-cash Non-cash collateral collateral collateral collateral Currency received posted received posted iShares US Equity Index Fund (UK) £000’s £000’s £000’s £000’s Securities lending transactions AUD – – 420 – CAD – – 2,395 – CHF – – 956 – CNY – – 809 – DKK – – 1,004 – EUR – – 11,867 – GBP – – 6,853 – HKD – – 930 – JPY – – 7,165 – NOK – – 358 – SEK – – 7 – USD – – 23,554 –

Total – – 56,318 –

OTC FDIs GBP – 571 – –

– 571 – –

Total – 571 56,318 –

The returns earned by the Fund from the reinvestment of cash collateral in money market funds during the period ended 31 August 2020 is summarised below. These returns represent the accumulative total return of the representative money market fund for the period ended 31 August 2020. These returns do not take into account any interest payable to the counterparty under the relevant collateral arrangements.

Money market fund Total return % Institutional Cash Series plc BlackRock ICS Sterling Liquid Environmentally Aware Fund - Agency Income Class 0.14

BlackRock Collective Investment Funds 430 Supplementary Information continued

The following table provides an analysis of the type, quality and maturity tenor of non-cash collateral received/posted by the Funds by way of title transfer collateral arrangement in respect of securities lending transactions and OTC FDIs (BlackRock Balanced Managed Fund only) as at 31 August 2020.

Maturity Tenor 1-7 8-30 31 - 90 91 - 365 More than Open Fund days days days days 365 days transactions Total BlackRock Balanced Managed Fund £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade 504 292 217 2,121 26,689 – 29,823 Equities Recognised equity index –––– –1,4531,453 ETFs Non-UCITS –––– – 55

Total 504 292 217 2,121 26,689 1,458 31,281

BlackRock Corporate Bond 1-10 Year Fund £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade 804 43 23 1,345 40,138 – 42,353 Equities Recognised equity index –––– –8,4158,415 ETFs Non-UCITS –––– – 1010

Total 804 43 23 1,345 40,138 8,425 50,778

iShares 100 UK Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 2 506 601 8,830 – 9,939 Equities Recognised equity index –––– –51,60651,606 ETFs Non-UCITS –––– –8,8358,835

Total – 2 506 601 8,830 60,441 70,380

431 BlackRock Collective Investment Funds Supplementary Information continued

Maturity Tenor 1-7 8-30 31 - 90 91 - 365 More than Open Fund days days days days 365 days transactions Total iShares 350 UK Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 1 257 289 10,556 – 11,103 Equities Recognised equity index –––– –54,77654,776 ETFs Non-UCITS –––– –8,3078,307

Total – 1 257 289 10,556 63,083 74,186

iShares Continental European Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 86 3,435 2,237 133,724 – 139,482 Equities Recognised equity index –––– –360,500360,500 ETFs Non-UCITS –––– –2,1182,118

Total – 86 3,435 2,237 133,724 362,618 502,100

iShares Corporate Bond Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade 4,968 323 110 4,855 232,261 – 242,517 Equities Recognised equity index –––– –56,54956,549 ETFs Non-UCITS –––– –469469

Total 4,968 323 110 4,855 232,261 57,018 299,535

BlackRock Collective Investment Funds 432 Supplementary Information continued

Maturity Tenor 1-7 8-30 31 - 90 91 - 365 More than Open Fund days days days days 365 days transactions Total iShares Emerging Markets Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 77 823 340 39,667 – 40,907 Equities Recognised equity index –––– –139,693139,693 ETFs Non-UCITS –––– –772772

Total – 77 823 340 39,667 140,465 181,372

iShares Global Property Securities Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 124 2,184 1,693 103,519 – 107,520 Equities Recognised equity index –––– –453,944453,944 ETFs Non-UCITS –––– –1,2011,201

Total – 124 2,184 1,693 103,519 455,145 562,665

iShares Japan Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 81 13,670 16,001 228,328 – 258,080 Equities Recognised equity index –––– –568,461568,461 ETFs Non-UCITS –––– –1,0761,076

Total – 81 13,670 16,001 228,328 569,537 827,617

433 BlackRock Collective Investment Funds Supplementary Information continued

Maturity Tenor 1-7 8-30 31 - 90 91 - 365 More than Open Fund days days days days 365 days transactions Total iShares Mid Cap UK Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – – 585 679 25,597 – 26,861 Equities Recognised equity index –––– –72,72472,724 ETFs Non-UCITS –––– –465465

Total – – 585 679 25,597 73,189 100,050

iShares North American Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 45 457 76 44,439 – 45,017 Equities Recognised equity index –––– –245,877245,877 ETFs Non-UCITS –––– –2,3062,306

Total – 45 457 76 44,439 248,183 293,200

iSharesOver15Years Corporate Bond Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade 214 12 6 224 8,370 – 8,826 Equities Recognised equity index –––– –2,3232,323 ETFs Non-UCITS –––– – 2626

Total 214 12 6 224 8,370 2,349 11,175

BlackRock Collective Investment Funds 434 Supplementary Information continued

Maturity Tenor 1-7 8-30 31 - 90 91 - 365 More than Open Fund days days days days 365 days transactions Total iSharesOver15YearsGilts Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade 9,002 500 247 8,940 156,909 – 175,598 Equities Recognised equity index –––– –42,53042,530 ETFs Non-UCITS –––– –4,5654,565

Total 9,002 500 247 8,940 156,909 47,095 222,693

iShares Overseas Corporate Bond Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade 1,104 388 27 1,517 43,672 – 46,708 Equities Recognised equity index –––– –12,82112,821 ETFs Non-UCITS –––– –286286

Total 1,104 388 27 1,517 43,672 13,107 59,815

iShares Overseas Government Bond Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade 462 26 13 487 32,104 – 33,092 Equities Recognised equity index –––– –87,24287,242 ETFs UCITS –––– –904904 Non-UCITS –––– –1,3601,360

Total 462 26 13 487 32,104 89,506 122,598

435 BlackRock Collective Investment Funds Supplementary Information continued

Maturity Tenor 1-7 8-30 31 - 90 91 - 365 More than Open Fund days days days days 365 days transactions Total iShares Pacific Ex Japan Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 7 61 16 224,435 – 224,519 Equities Recognised equity index –––– –109,074109,074 ETFs Non-UCITS –––– – 4242

Total – 7 61 16 224,435 109,116 333,635

iShares UK Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 23 6,841 8,046 205,515 – 220,425 Equities Recognised equity index –––– –674,551674,551 ETFs Non-UCITS –––– –29,80329,803

Total – 23 6,841 8,046 205,515 704,354 924,779

iShares UK Gilts All Stocks Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade 59,952 13,433 46,899 165,916 2,069,713 – 2,355,913 Equities Recognised equity index –––– –49,23349,233 ETFs Non-UCITS –––– –6,6006,600

Total 59,952 13,433 46,899 165,916 2,069,713 55,833 2,411,746

BlackRock Collective Investment Funds 436 Supplementary Information continued

Maturity Tenor 1-7 8-30 31 - 90 91 - 365 More than Open Fund days days days days 365 days transactions Total iShares US Equity Index Fund (UK) £000’s £000’s £000’s £000’s £000’s £000’s £000’s Collateral received - securities lending Fixed income Investment grade – 28 246 46 17,363 – 17,683 Equities Recognised equity index –––– –38,35438,354 ETFs Non-UCITS –––– –281281

Total – 28 246 46 17,363 38,635 56,318

Investment grade securities are those issued by an entity with a minimum investment grade credit rating from at least one globally recognised credit rating agency; Standard & Poor’s, Moody’s or Fitch.

A recognised equity index contains at least 20 equities where no single equity represents more than 20% of the total index and no five equities combined represent more than 60% of the total index.

The maturity tenor analysis for fixed income securities received or posted as collateral is based on the respective contractual maturity date, while for equity securities and ETFs received or posted as collateral are presented as open transactions as they are not subject to a contractual maturity date.

As at 31 August 2020, all non-cash collateral received by the Funds in respect of securities lending transactions and OTC FDIs (including TRS) is held by the Funds’ Trustee (or through their delegates), with the exception of the amounts disclosed in the following table which are held through a securities settlement system.

Non-cash collateral received Fund Securities lending OTC FDIs BlackRock Balanced Managed Fund £000’s £000’s Euroclear Bank SA/NAV 26,880 –

BlackRock Corporate Bond 1-10 Year Fund £000’s £000’s Euroclear Bank SA/NAV 33,496 –

iShares 100 UK Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

iShares 350 UK Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

iShares Continental European Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

437 BlackRock Collective Investment Funds Supplementary Information continued

Non-cash collateral received Fund Securities lending OTC FDIs iShares Corporate Bond Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV 213,024 –

iShares Emerging Markets Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

iShares Global Property Securities Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

iShares Japan Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

iShares Mid Cap UK Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

iShares North American Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

iShares Over 15 Years Corporate Bond Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV 8,329 –

iShares Over 15 Years Gilts Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV 129,447 –

iShares Overseas Corporate Bond Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV 38,390 –

iShares Overseas Government Bond Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV 14,900 –

iShares Pacific Ex Japan Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

iShares UK Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

iShares UK Gilts All Stocks Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV 1,678,163 –

iShares US Equity Index Fund (UK) £000’s £000’s Euroclear Bank SA/NAV – –

BlackRock Collective Investment Funds 438 Supplementary Information continued

The following table lists the top ten issuers (or all the issuers if less than ten) of non-cash collateral received by the Fund by way of the title transfer collateral arrangement across securities lending transactions and OTC FDIs as at 31 August 2020.

Fund Value % of the Fund’s NAV BlackRock Balanced Managed Fund £000’s J.P.Morgan Securities Plc (Euroclear) 18,130 3.25 Citigroup Global Markets Limited (Euroclear) 8,099 1.45 Morgan Stanley & Co. International Plc 2,358 0.42 BNP Paribas Arbitrage SNC 651 0.12 Credit Suisse Securities (Europe) Limited 571 0.10 Barclays Capital Securities Limited 559 0.10 UBS AG 396 0.07 Deutsche Bank AG 196 0.04 J.P.Morgan Securities Plc 162 0.03 The Bank of Nova Scotia 159 0.03 Total 31,281 5.61

BlackRock Corporate Bond 1-10 Year Fund £000’s Goldman Sachs International 9,861 0.80 BNP Paribas Arbitrage SNC 9,774 0.80 J.P.Morgan Securities Plc (Euroclear) 9,227 0.75 Citigroup Global Markets Limited (Euroclear) 6,906 0.56 J.P.Morgan Securities Plc 3,883 0.32 Barclays Bank Plc 3,014 0.25 RBC Europe Limited (Euroclear) 2,849 0.23 Morgan Stanley & Co. International Plc 2,514 0.21 Deutsche Bank AG (Euroclear) 1,404 0.11 HSBC Bank Plc 1,024 0.08 Other issuers 322 0.03 Total 50,778 4.14

iShares 100 UK Equity Index Fund (UK) £000’s Banco Santander, S.A. 32,365 2.55 Barclays Capital Securities Limited 12,398 0.98 The Bank of Nova Scotia 10,960 0.86 J.P.Morgan Securities Plc 7,873 0.62 BNP Paribas Arbitrage SNC 2,681 0.21 Citigroup Global Markets Limited 2,181 0.17 Credit Suisse AG Dublin Branch 855 0.07 UBS AG 714 0.06 Deutsche Bank AG 353 0.03 Total 70,380 5.55

439 BlackRock Collective Investment Funds Supplementary Information continued

Fund Value % of the Fund’s NAV iShares 350 UK Equity Index Fund (UK) £000’s Banco Santander, S.A. 28,081 3.14 UBS AG 15,964 1.79 Barclays Capital Securities Limited 5,955 0.67 Citigroup Global Markets Limited 5,032 0.56 Natixis S.A. 5,014 0.56 The Bank of Nova Scotia 4,604 0.52 Goldman Sachs International 4,288 0.48 J.P.Morgan Securities Plc 1,609 0.18 Morgan Stanley & Co. International Plc 1,488 0.17 BNP Paribas Arbitrage SNC 1,102 0.12 Other issuers 1,049 0.00 Total 74,186 8.31

iShares Continental European Equity Index Fund (UK) £000’s Société Générale SA 87,836 2.40 Credit Suisse Securities (Europe) Limited 79,852 2.18 Deutsche Bank AG 67,052 1.83 Barclays Capital Securities Limited 42,606 1.16 Credit Suisse AG Dublin Branch 40,069 1.09 Morgan Stanley & Co. International Plc 35,818 0.98 HSBC Bank Plc 32,792 0.89 J.P.Morgan Securities Plc 30,692 0.84 Citigroup Global Markets Limited 25,294 0.69 Merrill Lynch International 23,001 0.63 Other issuers 37,088 0.06 Total 502,100 13.70

iShares Corporate Bond Index Fund (UK) £000’s Citigroup Global Markets Limited (Euroclear) 72,758 1.27 HSBC Bank Plc 51,361 0.89 Deutsche Bank AG (Euroclear) 35,152 0.61 BNP Paribas Arbitrage SNC 25,748 0.45 J.P.Morgan Securities Plc (Euroclear) 25,721 0.45 RBC Europe Limited (Euroclear) 23,891 0.41 Barclays Bank Plc 22,867 0.40 Morgan Stanley & Co. International Plc 12,506 0.22 Goldman Sachs International 11,909 0.21 J.P.Morgan Securities Plc 7,315 0.13 Other issuers 10,307 0.06 Total 299,535 5.22

BlackRock Collective Investment Funds 440 Supplementary Information continued

Fund Value % of the Fund’s NAV iSharesEmergingMarketsEquityIndexFund(UK) £000’s Credit Suisse AG Dublin Branch 35,864 1.38 HSBC Bank Plc 32,996 1.27 J.P.Morgan Securities Plc 28,671 1.10 UBS AG 28,107 1.08 Citigroup Global Markets Limited 16,233 0.63 Société Générale SA 11,821 0.46 Deutsche Bank AG 9,072 0.35 Merrill Lynch International 5,291 0.20 Barclays Capital Securities Limited 4,298 0.17 Macquarie Bank Limited 3,606 0.14 Other issuers 5,413 0.02 Total 181,372 6.99

iShares Global Property Securities Equity Index Fund (UK) £000’s Deutsche Bank AG 133,928 4.37 J.P.Morgan Securities Plc 117,694 3.84 Credit Suisse AG Dublin Branch 57,641 1.88 Société Générale SA 46,916 1.53 The Bank of Nova Scotia 41,323 1.35 Citigroup Global Markets Limited 31,420 1.03 HSBC Bank Plc 29,843 0.97 Barclays Capital Securities Limited 29,217 0.95 Morgan Stanley & Co. International Plc 26,106 0.85 UBS AG 22,120 0.72 Other issuers 26,457 0.86 Total 562,665 18.35

iShares Japan Equity Index Fund (UK) £000’s J.P.Morgan Securities Plc 351,729 19.01 Barclays Capital Securities Limited 328,847 17.78 Société Générale SA 62,893 3.40 Credit Suisse AG Dublin Branch 37,845 2.05 Merrill Lynch International 11,963 0.65 Nomura International Plc 10,837 0.58 UBS AG 9,807 0.53 Citigroup Global Markets Limited 8,681 0.47 Credit Suisse Securities (Europe) Limited 2,348 0.13 HSBC Bank Plc 1,232 0.07 Other issuers 1,435 0.07 Total 827,617 44.74

441 BlackRock Collective Investment Funds Supplementary Information continued

Fund Value % of the Fund’s NAV iShares Mid Cap UK Equity Index Fund (UK) £000’s UBS AG 31,557 5.30 The Bank of Nova Scotia 18,956 3.18 Barclays Capital Securities Limited 14,084 2.37 Citigroup Global Markets Limited 7,254 1.22 Goldman Sachs International 6,340 1.07 J.P.Morgan Securities Plc 6,145 1.03 Merrill Lynch International 4,431 0.74 Morgan Stanley & Co. International Plc 3,123 0.52 BNP Paribas Arbitrage SNC 3,021 0.51 Société Générale SA 2,983 0.50 Other issuers 2,156 0.36 Total 100,050 16.80

iShares North American Equity Index Fund (UK) £000’s UBS AG 97,412 1.57 Société Générale SA 70,414 1.14 The Bank of Nova Scotia 39,914 0.65 Citigroup Global Markets Limited 30,641 0.50 Credit Suisse AG Dublin Branch 21,133 0.34 Credit Suisse Securities (Europe) Limited 10,228 0.17 HSBC Bank Plc 10,202 0.16 Merrill Lynch International 4,895 0.08 Goldman Sachs International 3,990 0.06 Deutsche Bank AG 3,808 0.06 Other issuers 563 0.01 Total 293,200 4.74

iShares Over 15 Years Corporate Bond Index Fund (UK) £000’s HSBC Bank Plc 2,846 1.03 J.P.Morgan Securities Plc (Euroclear) 2,343 0.85 BNP Paribas Arbitrage SNC 2,219 0.80 Société Générale SA 2,089 0.75 Citigroup Global Markets Limited (Euroclear) 861 0.31 Barclays Bank Plc 817 0.29 Total 11,175 4.03

iShares Over 15 Years Gilts Index Fund (UK) £000’s J.P.Morgan Securities Plc (Euroclear) 94,508 5.47 J.P.Morgan Securities Plc 93,246 5.40 Barclays Bank Plc 34,939 2.02 Total 222,693 12.89

BlackRock Collective Investment Funds 442 Supplementary Information continued

Fund Value % of the Fund’s NAV iShares Overseas Corporate Bond Index Fund (UK) £000’s Citigroup Global Markets Limited (Euroclear) 14,610 0.51 J.P.Morgan Securities Plc (Euroclear) 7,563 0.26 J.P.Morgan Securities Plc 6,712 0.23 Goldman Sachs International 5,305 0.18 Barclays Bank Plc 4,831 0.17 Morgan Stanley & Co. International Plc 4,237 0.15 Merrill Lynch International (Euroclear) 3,016 0.10 BNP Paribas Arbitrage SNC 2,854 0.10 Nomura International Plc 2,604 0.09 UBS AG 3,614 0.12 Other issuers 4,469 0.15 Total 59,815 2.06

iShares Overseas Government Bond Index Fund (UK) £000’s Société Générale SA 49,655 2.82 BNP Paribas Arbitrage SNC 24,915 1.42 Morgan Stanley & Co. International Plc 17,574 1.00 Natixis S.A. 14,960 0.85 J.P.Morgan Securities Plc (Euroclear) 4,294 0.24 Citigroup Global Markets Limited (Euroclear) 3,734 0.21 J.P.Morgan Securities Plc 1,983 0.11 The Bank of Nova Scotia 1,894 0.11 Barclays Bank Plc 1,867 0.11 UBS AG 1,105 0.06 Other issuers 617 0.04 Total 122,598 6.97

iShares Pacific Ex Japan Equity Index Fund (UK) £000’s Merrill Lynch International 214,755 16.80 Société Générale SA 57,777 4.52 Macquarie Bank Limited 20,671 1.62 J.P.Morgan Securities Plc 12,461 0.98 Morgan Stanley & Co. International Plc 6,424 0.50 Deutsche Bank AG 6,228 0.49 Nomura International Plc 3,925 0.31 Credit Suisse AG Dublin Branch 3,410 0.27 Credit Suisse Securities (Europe) Limited 2,590 0.20 UBS AG 2,108 0.16 Other issuers 3,286 0.25 Total 333,635 26.10

443 BlackRock Collective Investment Funds Supplementary Information continued

Fund Value % of the Fund’s NAV iShares UK Equity Index Fund (UK) £000’s Barclays Capital Securities Limited 165,125 1.61 UBS AG 147,115 1.43 The Bank of Nova Scotia 145,888 1.42 Banco Santander, S.A. 97,844 0.95 Credit Suisse Securities (Europe) Limited 85,045 0.83 Deutsche Bank AG 67,036 0.65 Société Générale SA 59,792 0.58 J.P.Morgan Securities Plc 33,515 0.33 Merrill Lynch International 27,987 0.27 Citigroup Global Markets Limited 22,219 0.22 Other issuers 73,213 0.02 Total 924,779 9.01

iShares UK Gilts All Stocks Index Fund (UK) £000’s J.P.Morgan Securities Plc (Euroclear) 767,792 15.51 Morgan Stanley & Co. International Plc 670,757 13.55 BNP Paribas Arbitrage SNC 506,723 10.24 Citigroup Global Markets Limited (Euroclear) 353,718 7.15 Barclays Bank Plc 48,685 0.98 Banco Santander, S.A. 24,200 0.49 Société Générale SA 22,049 0.45 The Bank of Nova Scotia 16,577 0.33 Banco Santander, S.A. (Euroclear) 1,245 0.02 Total 2,411,746 48.72

iShares US Equity Index Fund (UK) £000’s UBS AG 17,903 0.96 Credit Suisse AG Dublin Branch 13,122 0.70 The Bank of Nova Scotia 9,215 0.49 HSBC Bank Plc 8,652 0.46 Merrill Lynch International 7,426 0.40 Total 56,318 3.01

BlackRock Collective Investment Funds 444 About us

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Through BlackRock Solutions®, the firm offers risk management and advisory services that combine capital markets expertise with proprietarily-developed analytics, systems, and technology. Through BlackRock Solutions, the Firm provides risk management and enterprise investment services for over 200 clients.

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