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Name | Symbol | Market | Type |
---|---|---|---|
Blackrock 80/20 Target Allocation Fund, Investor A (MM) | NASDAQ:BAAPX | NASDAQ | Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-22061
Name of Fund: BlackRock Funds II
LifePath® Active 2015 Portfolio (formerly, BlackRock Prepared Portfolio 2015)
LifePath® Active 2020 Portfolio (formerly, BlackRock Prepared Portfolio 2020)
LifePath® Active 2025 Portfolio (formerly, BlackRock Prepared Portfolio 2025)
LifePath® Active 2030 Portfolio (formerly, BlackRock Prepared Portfolio 2030)
LifePath® Active 2035 Portfolio (formerly, BlackRock Prepared Portfolio 2035)
LifePath® Active 2040 Portfolio (formerly, BlackRock Prepared Portfolio 2040)
LifePath® Active 2045 Portfolio (formerly, BlackRock Prepared Portfolio 2045)
LifePath® Active 2050 Portfolio (formerly, BlackRock Prepared Portfolio 2050)
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: John M. Perlowski, Chief Executive Officer, BlackRock Funds II, 55
East 52 nd Street, New York, NY 10055
Registrants telephone number, including area code: (800) 441-7762
Date of fiscal year end: 10/31/2013
Date of reporting period: 01/31/2013
Item 1 Schedule of Investments
|
||
Schedule of Investments January 31, 2013 (Unaudited) |
LifePath Active 2015 Portfolio (Percentages shown are based on Net Assets) |
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Equity Funds 43.9% |
||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
23,461 | $ | 600,832 | |||||
BlackRock Commodity Strategies Fund, Institutional Class |
33,524 | 345,968 | ||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
53,533 | 1,104,931 | ||||||
BlackRock Equity Dividend Fund, Institutional Class |
29,115 | 605,309 | ||||||
BlackRock International Fund, Institutional Class |
16,985 | 226,575 | ||||||
BlackRock International Opportunities Portfolio, Institutional Class |
6,427 | 226,922 | ||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
61,875 | 783,336 | ||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
10,221 | 659,663 | ||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
5,796 | 450,349 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund |
1,391 | 93,573 | ||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
3,343 | 111,857 | ||||||
iShares MSCI Germany Index Fund |
13,256 | 340,812 | ||||||
iShares Russell 2000 Index Fund |
8,747 | 783,906 | ||||||
Master Basic Value LLC |
$ | 819,624 | 819,624 | |||||
Master Large Cap Growth Portfolio |
$ | 803,099 | 803,099 | |||||
|
|
|||||||
7,956,756 | ||||||||
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Fixed Income Funds 53.2% |
||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
91,015 | $ | 743,594 | |||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
60,322 | 709,990 | ||||||
Master Total Return Portfolio |
$ | 8,201,354 | 8,201,354 | |||||
|
|
|||||||
9,654,938 | ||||||||
Short-Term Securities 2.9% |
||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.10% (b) |
532,366 | 532,366 | ||||||
Total Affiliated Investment Companies |
|
|||||||
(Cost $16,972,505*) 100.0% |
|
18,144,060 | ||||||
Other Assets Less Liabilities 0.0% |
|
1,373 | ||||||
|
|
|||||||
Net Assets 100.0% |
|
$ | 18,145,433 | |||||
|
|
Notes to Schedule of Investments |
* | As of January 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
Tax cost |
$ | 16,785,883 | ||
|
|
|||
Gross unrealized appreciation |
$ | 2,244,530 | ||
Gross unrealized depreciation |
(886,353 | ) | ||
|
|
|||
Net unrealized appreciation |
$ | 1,358,177 | ||
|
|
|
||||||
BLACKROCK FUNDS II | JANUARY 31, 2013 | 1 |
|
||
Schedule of Investments (concluded) |
LifePath Active 2015 Portfolio
|
(a) | Investments in issuers considered to be an affiliate of the Fund during the period ended January 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliate |
Shares/
Beneficial Interest Held at October 31, 2012 |
Shares/
Beneficial Interest Purchased |
Shares/
Beneficial Interest Sold |
Shares/
Beneficial Interest Held at January 31, 2013 |
Value
at
|
Income |
Realized
Gain (Loss) |
|||||||||||||||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
47,700 | 7,195 | 31,434 | 23,461 | $ | 600,832 | $ | 4,349 | $ | 59,857 | ||||||||||||||||||
BlackRock Commodity Strategies Fund, Inc., Institutional Class |
| 33,524 | | 33,524 | $ | 345,968 | | | ||||||||||||||||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
| 53,533 | | 53,533 | $ | 1,104,931 | $ | 14,490 | | |||||||||||||||||||
BlackRock Equity Dividend Fund, Institutional Class |
81,533 | 6,991 | 59,409 | 29,115 | $ | 605,309 | $ | 4,167 | $ | 111,629 | ||||||||||||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
49,674 | 41,342 | | 91,015 | $ | 743,594 | $ | 9,914 | $ | 2,733 | ||||||||||||||||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
| 60,322 | | 60,322 | $ | 709,990 | $ | 429 | $ | 11,805 | ||||||||||||||||||
BlackRock International Fund, Institutional Class |
42,955 | 222 | 26,192 | 16,985 | $ | 226,575 | $ | 2,853 | $ | (4,453 | ) | |||||||||||||||||
BlackRock International Opportunities Portfolio, Institutional Class |
9,838 | 105 | 3,516 | 6,427 | $ | 226,922 | $ | 3,521 | $ | 15,573 | ||||||||||||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class |
396,469 | 135,897 1 | | 532,366 | $ | 532,366 | $ | 118 | | |||||||||||||||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
58,740 | 3,135 | | 61,875 | $ | 783,336 | $ | 21,539 | $ | 16,806 | ||||||||||||||||||
BlackRock Small Cap Growth Equity Portfolio, Institutional Class |
14,712 | | 14,712 | | | | $ | 56,647 | ||||||||||||||||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
| 10,221 | | 10,221 | $ | 659,663 | | | ||||||||||||||||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
| 5,796 | | 5,796 | $ | 450,349 | $ | 389 | | |||||||||||||||||||
iShares Dow Jones U.S. Real Estate Sector Index Fund |
| 1,391 | | 1,391 | $ | 93,573 | $ | 1,099 | | |||||||||||||||||||
iShares Dow Jones U.S. Technology Sector Index Fund |
3,845 | | 3,845 | | | $ | 1,053 | $ | 4,154 | |||||||||||||||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
| 3,343 | | 3,343 | $ | 111,857 | $ | 3,638 | | |||||||||||||||||||
iShares MSCI Emerging Markets Index Fund |
11,003 | | 11,003 | | | | $ | 46,991 | ||||||||||||||||||||
iShares MSCI Germany Index Fund |
13,256 | | | 13,256 | $ | 340,812 | | | ||||||||||||||||||||
iShares Russell 2000 Index Fund |
| 8,747 | | 8,747 | $ | 783,906 | $ | 6,356 | | |||||||||||||||||||
Master Basic Value LLC |
$ | 642,714 | $ | 176,910 1 | | $ | 819,624 | $ | 819,624 | $ | 5,324 | $ | 38,485 | |||||||||||||||
Master Large Cap Growth Portfolio |
$ | 1,043,733 | | $ | 240,634 2 | $ | 803,099 | $ | 803,099 | $ | 4,668 | $ | 5,402 | |||||||||||||||
Master S&P 500 Stock Portfolio |
$ | 1,323,084 | | $ | 1,323,084 2 | | | $ | 6,719 | $ | 1,562 | |||||||||||||||||
Master Total Return Portfolio |
$ | 7,613,169 | $ | 588,185 1 | | $ | 8,201,354 | $ | 8,201,354 | $ | 88,293 | $ | 17,328 | |||||||||||||||
Master Value Opportunities LLC |
$ | 371,260 | | $ | 371,260 2 | | | $ | 657 | $ | 648 |
1 |
Represents net shares/beneficial interest purchased. |
2 |
Represents net beneficial interest sold. |
(b) | Represents the current yield as of report date. |
| Fair Value Measurements Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
| Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities that the Fund has the ability to access |
| Level 2 - other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other marketcorroborated inputs) |
| Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following table summarizes the Funds investments categorized in the disclosure hierarchy as of January 31, 2013:
Level 1 | Level 2 | Level 3 | Total | |||||
Assets: |
||||||||
Investments: |
||||||||
Affiliated Investment Companies |
$ 8,319,983 | $ 9,824,077 | | $ 18,144,060 |
Certain of the Funds liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of January 31, 2013, a bank overdraft of $637 is categorized as Level 2 within the disclosure hierarchy.
There were no transfers between levels during the period ended January 31, 2013.
|
||||||
2 |
BLACKROCK FUNDS II | JANUARY 31, 2013 |
|
||
Schedule of Investments January 31, 2013 (Unaudited) |
LifePath Active 2020 Portfolio (Percentages shown are based on Net Assets) |
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Equity Funds 56.1% |
||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
46,063 | $ | 1,179,676 | |||||
BlackRock Commodity Strategies Fund, Institutional Class |
40,205 | 414,911 | ||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
75,309 | 1,554,375 | ||||||
BlackRock Equity Dividend Fund, Institutional Class |
55,869 | 1,161,506 | ||||||
BlackRock International Fund, Institutional Class |
33,646 | 448,844 | ||||||
BlackRock International Opportunities Portfolio, Institutional Class |
12,701 | 448,487 | ||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
88,927 | 1,125,814 | ||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
15,804 | 1,019,990 | ||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
8,317 | 646,231 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund |
4,341 | 292,019 | ||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
10,435 | 349,155 | ||||||
iShares MSCI Germany Index Fund |
17,059 | 438,587 | ||||||
iShares Russell 2000 Index Fund |
9,292 | 832,749 | ||||||
Master Basic Value LLC |
$ | 1,142,411 | 1,142,411 | |||||
Master Large Cap Growth Portfolio |
$ | 1,110,686 | 1,110,686 | |||||
|
|
|||||||
12,165,441 | ||||||||
|
||||||||
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Fixed Income Funds 45.0% |
||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
87,272 | $ | 713,008 | |||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
57,742 | 679,622 | ||||||
Master Total Return Portfolio |
$ | 8,350,937 | 8,350,937 | |||||
|
|
|||||||
9,743,567 | ||||||||
|
||||||||
Short-Term Securities 2.7% |
||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.10% (b) |
590,026 | 590,026 | ||||||
Total Affiliated Investment Companies |
|
|||||||
(Cost $20,707,116*) 103.8% |
|
22,499,034 | ||||||
Liabilities in Excess of Other Assets (3.8)% |
|
(816,382 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
|
$ | 21,682,652 | |||||
|
|
Notes to Schedule of Investments |
* | As of January 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
Tax cost |
$ | 20,513,888 | ||
|
|
|||
Gross unrealized appreciation |
$ | 3,026,616 | ||
Gross unrealized depreciation |
(1,041,470 | ) | ||
|
|
|||
Net unrealized appreciation |
$ | 1,985,146 | ||
|
|
|
||||||
BLACKROCK FUNDS II | JANUARY 31, 2013 | 3 |
|
||
Schedule of Investments (concluded) |
LifePath Active 2020 Portfolio
|
(a) | Investments in issuers considered to be an affiliate of the Fund during the period ended January 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliate |
Shares/
Beneficial Interest Held at October 31, 2012 |
Shares/
Beneficial Interest Purchased |
Shares/
Beneficial Interest Sold |
Shares/
Beneficial Interest Held at January 31, 2013 |
Value
at
|
Income |
Realized
Gain (Loss) |
|||||||||||||||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
60,993 | 15,817 | 30,747 | 46,063 | $ | 1,179,676 | $ | 7,204 | $ | 57,734 | ||||||||||||||||||
BlackRock Commodity Strategies Fund, Inc., Institutional Class |
| 40,205 | | 40,205 | $ | 414,911 | $ | 85 | | |||||||||||||||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
8 | 80,746 | 5,446 | 75,309 | $ | 1,554,375 | $ | 21,857 | $ | 5,706 | ||||||||||||||||||
BlackRock Equity Dividend Fund, Institutional Class |
108,657 | 13,044 | 65,832 | 55,869 | $ | 1,161,506 | $ | 6,910 | $ | 159,617 | ||||||||||||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
58,926 | 28,345 | | 87,272 | $ | 713,008 | $ | 9,878 | $ | 2,618 | ||||||||||||||||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
| 57,742 | | 57,742 | $ | 679,622 | $ | 411 | $ | 11,299 | ||||||||||||||||||
BlackRock International Fund, Institutional Class |
54,452 | 4,597 | 25,403 | 33,646 | $ | 448,844 | $ | 4,944 | $ | (4,319 | ) | |||||||||||||||||
BlackRock International Opportunities Portfolio, Institutional Class |
14,592 | 1,773 | 3,663 | 12,701 | $ | 448,487 | $ | 6,087 | $ | 15,819 | ||||||||||||||||||
BlackRock Latin America Fund, Inc, Institutional Class |
1 | | 1 | | | | | |||||||||||||||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class |
602,354 | | 12,328 2 | 590,026 | $ | 590,026 | $ | 207 | | |||||||||||||||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
84,421 | 4,506 | | 88,927 | $ | 1,125,814 | $ | 30,957 | $ | 24,154 | ||||||||||||||||||
BlackRock Small Cap Growth Equity Portfolio, Institutional Class |
20,703 | | 20,703 | | | | $ | 81,689 | ||||||||||||||||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
| 15,804 | | 15,804 | $ | 1,019,990 | | | ||||||||||||||||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
| 8,317 | | 8,317 | $ | 646,231 | $ | 558 | | |||||||||||||||||||
iShares Dow Jones U.S. Real Estate Sector Index Fund |
| 4,341 | | 4,341 | $ | 292,019 | $ | 3,431 | | |||||||||||||||||||
iShares Dow Jones U.S. Technology Sector Index Fund |
4,948 | | 4,948 | | | $ | 1,356 | $ | 5,346 | |||||||||||||||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
| 10,435 | | 10,435 | $ | 349,155 | $ | 11,354 | | |||||||||||||||||||
iShares MSCI Emerging Markets Index Fund |
14,023 | | 14,023 | | | | $ | 59,889 | ||||||||||||||||||||
iShares MSCI Germany Index Fund |
17,059 | | | 17,059 | $ | 438,587 | | | ||||||||||||||||||||
iShares Russell 2000 Index Fund |
| 9,292 | | 9,292 | $ | 832,749 | $ | 6,752 | | |||||||||||||||||||
Master Basic Value LLC |
$ | 645,245 | $ | 497,166 1 | | $ | 1,142,411 | $ | 1,142,411 | $ | 6,910 | $ | 56,585 | |||||||||||||||
Master Large Cap Growth Portfolio |
$ | 1,065,007 | $ | 45,679 1 | | $ | 1,110,686 | $ | 1,110,686 | $ | 6,377 | $ | 8,308 | |||||||||||||||
Master S&P 500 Stock Portfolio |
$ | 1,671,234 | | $ | 1,671,234 2 | | | $ | 8,262 | $ | 1,858 | |||||||||||||||||
Master Total Return Portfolio |
$ | 7,898,916 | $ | 452,021 1 | | $ | 8,350,937 | $ | 8,350,937 | $ | 90,058 | $ | 17,868 | |||||||||||||||
Master Value Opportunities LLC |
$ | 509,484 | | $ | 509,484 2 | | | $ | 901 | $ | 889 |
1 |
Represents net beneficial interest purchased. |
2 |
Represents net shares/beneficial interest sold. |
(b) | Represents the current yield as of report date. |
| Fair Value Measurements Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
| Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities that the Fund has the ability to access |
| Level 2 - other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) |
| Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following table summarizes the Funds investments categorized in the disclosure hierarchy as of January 31, 2013:
Level 1 | Level 2 | Level 3 | Total | |||||
Assets: |
||||||||
Investments: |
||||||||
Affiliated Investment Companies |
$ 11,895,000 | $ 10,604,034 | | $ 22,499,034 |
Certain of the Funds liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of January 31, 2013, a bank overdraft of $637 is categorized as Level 2 within the disclosure hierarchy.
There were no transfers between levels during the period ended January 31, 2013.
|
||||||
4 |
BLACKROCK FUNDS II | JANUARY 31, 2013 |
|
||
Schedule of Investments January 31, 2013 (Unaudited) |
LifePath Active 2025 Portfolio (Percentages shown are based on Net Assets) |
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Equity Funds 63.3% |
||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
46,672 | $ | 1,195,264 | |||||
BlackRock Commodity Strategies Fund, Institutional Class |
31,034 | 320,270 | ||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
64,026 | 1,321,487 | ||||||
BlackRock Equity Dividend Fund, Institutional Class |
56,962 | 1,184,231 | ||||||
BlackRock International Fund, Institutional Class |
33,540 | 447,418 | ||||||
BlackRock International Opportunities Portfolio, Institutional Class |
12,641 | 446,360 | ||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
78,212 | 990,159 | ||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
12,324 | 795,391 | ||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
6,948 | 539,860 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund |
5,278 | 355,051 | ||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
12,598 | 421,529 | ||||||
iShares MSCI Germany Index Fund |
14,564 | 374,440 | ||||||
iShares Russell 2000 Index Fund |
6,411 | 574,554 | ||||||
Master Basic Value LLC |
$ | 1,239,291 | 1,239,291 | |||||
Master Large Cap Growth Portfolio |
$ | 1,147,072 | 1,147,072 | |||||
|
|
|||||||
11,352,377 | ||||||||
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Fixed Income Funds 35.4% |
||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
53,136 | $ | 434,123 | |||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
35,188 | 414,166 | ||||||
Master Total Return Portfolio |
$ | 5,489,908 | 5,489,908 | |||||
|
|
|||||||
6,338,197 | ||||||||
Short-Term Securities 2.7% |
||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.10% (b) |
478,917 | 478,917 | ||||||
Total Affiliated Investment Companies |
|
|||||||
(Cost $16,735,549*) 101.4% |
|
18,169,491 | ||||||
Liabilities in Excess of Other Assets (1.4)% |
|
(248,785 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
|
$ | 17,920,706 | |||||
|
|
Notes to Schedule of Investments |
* | As of January 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
Tax cost |
$ | 16,559,425 | ||
|
|
|||
Gross unrealized appreciation |
$ | 2,395,608 | ||
Gross unrealized depreciation |
(785,542 | ) | ||
|
|
|||
Net unrealized appreciation |
$ | 1,610,066 | ||
|
|
|
||||||
BLACKROCK FUNDS II | JANUARY 31, 2013 | 5 |
|
||
Schedule of Investments (concluded) |
LifePath Active 2025 Portfolio
|
(a) | Investments in issuers considered to be an affiliate of the Fund during the period ended January 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliate |
Shares/
Beneficial Interest Held at October 31, 2012 |
Shares/
Beneficial Interest Purchased |
Shares/
Beneficial Interest Sold |
Shares/
Beneficial Interest Held at January 31, 2013 |
Value
at
|
Income |
Realized
Gain (Loss) |
|||||||||||||||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
46,918 | 12,198 | 12,444 | 46,672 | $ | 1,195,264 | $ | 7,103 | $ | (5,573 | ) | |||||||||||||||||
BlackRock Commodity Strategies Fund, Inc., Institutional Class |
| 31,034 | | 31,034 | $ | 320,270 | | | ||||||||||||||||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
| 72,829 | 8,803 | 64,026 | $ | 1,321,487 | $ | 19,712 | $ | 9,782 | ||||||||||||||||||
BlackRock Equity Dividend Fund, Institutional Class |
86,897 | 8,531 | 38,466 | 56,962 | $ | 1,184,231 | $ | 6,808 | $ | 79,494 | ||||||||||||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
34,773 | 18,363 | | 53,136 | $ | 434,123 | $ | 6,039 | $ | 1,597 | ||||||||||||||||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
| 35,188 | | 35,188 | $ | 414,166 | $ | 250 | $ | 6,886 | ||||||||||||||||||
BlackRock International Fund, Institutional Class |
38,785 | 438 | 5,684 | 33,540 | $ | 447,418 | $ | 5,633 | $ | (966 | ) | |||||||||||||||||
BlackRock International Opportunities Portfolio, Institutional Class |
8,670 | 3,971 | | 12,641 | $ | 446,360 | $ | 6,926 | | |||||||||||||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class |
572,283 | | 93,366 2 | 478,917 | $ | 478,917 | $ | 178 | | |||||||||||||||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
60,623 | 17,588 | | 78,212 | $ | 990,159 | $ | 22,230 | $ | 17,345 | ||||||||||||||||||
BlackRock Small Cap Growth Equity Portfolio, Institutional Class |
14,782 | | 14,782 | | | | $ | 58,986 | ||||||||||||||||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
| 12,324 | | 12,324 | $ | 795,391 | | | ||||||||||||||||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
| 6,948 | | 6,948 | $ | 539,860 | $ | 466 | | |||||||||||||||||||
iShares Dow Jones U.S. Real Estate Sector Index Fund |
| 5,278 | | 5,278 | $ | 355,051 | $ | 3,988 | | |||||||||||||||||||
iShares Dow Jones U.S. Technology Sector Index Fund |
3,384 | | 3,384 | | | $ | 927 | $ | 3,656 | |||||||||||||||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
| 12,598 | | 12,598 | $ | 421,529 | $ | 13,202 | | |||||||||||||||||||
iShares MSCI Emerging Markets Index Fund |
9,978 | | 9,978 | | | | $ | 42,614 | ||||||||||||||||||||
iShares MSCI Germany Index Fund |
11,668 | 2,896 | | 14,564 | $ | 374,440 | | | ||||||||||||||||||||
iShares Russell 2000 Index Fund |
| 6,411 | | 6,411 | $ | 574,554 | $ | 4,658 | | |||||||||||||||||||
Master Basic Value LLC |
$ | 636,814 | $ | 602,477 1 | | $ | 1,239,291 | $ | 1,239,291 | $ | 6,659 | $ | 59,056 | |||||||||||||||
Master Large Cap Growth Portfolio |
$ | 980,098 | $ | 166,974 1 | | $ | 1,147,072 | $ | 1,147,072 | $ | 5,931 | $ | 8,060 | |||||||||||||||
Master S&P 500 Stock Portfolio |
$ | 1,602,270 | | $ | 1,602,270 2 | | | $ | 7,182 | $ | 1,404 | |||||||||||||||||
Master Total Return Portfolio |
$ | 4,652,263 | $ | 837,645 1 | | $ | 5,489,908 | $ | 5,489,908 | $ | 55,771 | $ | 10,735 | |||||||||||||||
Master Value Opportunities LLC |
$ | 365,741 | | $ | 365,741 2 | | | $ | 647 | $ | 638 |
1 |
Represents net beneficial interest purchased. |
2 |
Represents net shares/beneficial interest sold. |
(b) | Represents the current yield as of report date. |
| Fair Value Measurements Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
| Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities that the Fund has the ability to access |
| Level 2 - other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) |
| Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following table summarizes the Funds investments categorized in the disclosure hierarchy as of January 31, 2013:
Level 1 | Level 2 | Level 3 | Total | |||||
Assets: |
||||||||
Investments: |
||||||||
Affiliated Investment Companies |
$ 10,293,220 | $ 7,876,271 | | $ 18,169,491 |
Certain of the Funds liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of January 31, 2013, a bank overdraft of $637 is categorized as Level 2 within the disclosure hierarchy.
There were no transfers between levels during the period ended January 31, 2013.
|
||||||
6 |
BLACKROCK FUNDS II | JANUARY 31, 2013 |
|
||
Schedule of Investments January 31, 2013 (Unaudited) |
LifePath Active 2030 Portfolio (Percentages shown are based on Net Assets) |
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Equity Funds 69.7% |
||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
52,511 | $ | 1,344,802 | |||||
BlackRock Commodity Strategies Fund, Institutional Class |
36,954 | 381,370 | ||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
92,831 | 1,916,031 | ||||||
BlackRock Equity Dividend Fund, Institutional Class |
65,121 | 1,353,865 | ||||||
BlackRock International Fund, Institutional Class |
38,197 | 509,548 | ||||||
BlackRock International Opportunities Portfolio, Institutional Class |
14,396 | 508,321 | ||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
116,329 | 1,472,722 | ||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
14,968 | 966,035 | ||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
8,072 | 627,194 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund |
7,412 | 498,605 | ||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
17,626 | 589,766 | ||||||
iShares MSCI Germany Index Fund |
15,969 | 410,563 | ||||||
iShares Russell 2000 Index Fund |
6,848 | 613,718 | ||||||
Master Basic Value LLC |
$ | 1,393,553 | 1,393,553 | |||||
Master Large Cap Growth Portfolio |
$ | 1,329,228 | 1,329,228 | |||||
|
|
|||||||
13,915,321 | ||||||||
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Fixed Income Funds 27.9% |
||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
54,632 | $ | 446,340 | |||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
32,017 | 376,839 | ||||||
Master Total Return Portfolio |
$ | 4,732,345 | 4,732,345 | |||||
|
|
|||||||
5,555,524 | ||||||||
Short-Term Securities 4.2% |
||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.10% (b) |
844,357 | 844,357 | ||||||
Total Affiliated Investment Companies |
|
|||||||
(Cost $18,530,519*) 101.8% |
|
20,315,202 | ||||||
Liabilities in Excess of Other Assets (1.8)% |
|
(361,161 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
$ | 19,954,041 | ||||||
|
|
Notes to Schedule of Investments |
* | As of January 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
Tax cost |
$ | 18,204,301 | ||
|
|
|||
Gross unrealized appreciation |
$ | 2,905,911 | ||
Gross unrealized depreciation |
(795,010 | ) | ||
|
|
|||
Net unrealized appreciation |
$ | 2,110,901 | ||
|
|
|
||||||
BLACKROCK FUNDS II | JANUARY 31, 2013 | 7 |
|
||
Schedule of Investments (concluded) |
LifePath Active 2030 Portfolio
|
(a) | Investments in issuers considered to be an affiliate of the Fund during the period ended January 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliate |
Shares/
Beneficial Interest Held at October 31, 2012 |
Shares/
Beneficial Interest Purchased |
Shares/
Beneficial Interest Sold |
Shares/
Beneficial Interest Held at January 31, 2013 |
Value
at
|
Income |
Realized
Gain (Loss) |
|||||||||||||||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
83,772 | 7,492 | 38,754 | 52,511 | $ | 1,344,802 | $ | 9,297 | $ | 118,627 | ||||||||||||||||||
BlackRock Commodity Strategies Fund, Institutional Class |
| 36,954 | | 36,954 | $ | 381,370 | $ | 78 | | |||||||||||||||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
| 97,566 | 4,735 | 92,831 | $ | 1,916,031 | $ | 26,408 | $ | 5,130 | ||||||||||||||||||
BlackRock Equity Dividend Fund, Institutional Class |
126,239 | 9,214 | 70,332 | 65,121 | $ | 1,353,865 | $ | 8,923 | $ | 159,300 | ||||||||||||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
36,897 | 17,735 | | 54,632 | $ | 446,340 | $ | 5,631 | $ | 1,454 | ||||||||||||||||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
| 32,017 | | 32,017 | $ | 376,839 | $ | 228 | $ | 6,266 | ||||||||||||||||||
BlackRock International Fund, Institutional Class |
68,772 | 499 | 31,074 | 38,197 | $ | 509,548 | $ | 6,416 | $ | (5,587 | ) | |||||||||||||||||
BlackRock International Opportunities Portfolio, Institutional Class |
18,333 | 235 | 4,172 | 14,396 | $ | 508,321 | $ | 7,887 | $ | 13,140 | ||||||||||||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class |
392,896 | 451,461 1 | | 844,357 | $ | 844,357 | $ | 164 | | |||||||||||||||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
110,434 | 5,895 | | 116,329 | $ | 1,472,722 | $ | 40,495 | $ | 31,596 | ||||||||||||||||||
BlackRock Small Cap Growth Equity Portfolio, Institutional Class |
25,739 | | 25,739 | | | | $ | 92,792 | ||||||||||||||||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
| 14,968 | | 14,968 | $ | 966,035 | | | ||||||||||||||||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
| 8,072 | | 8,072 | $ | 627,194 | $ | 541 | | |||||||||||||||||||
iShares Dow Jones U.S. Real Estate Index Fund |
| 7,762 | 350 | 7,412 | $ | 498,605 | $ | 6,134 | $ | 1,406 | ||||||||||||||||||
iShares Dow Jones U.S. Technology Sector Index Fund |
4,632 | | 4,632 | | | $ | 1,269 | $ | 5,004 | |||||||||||||||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
| 18,659 | 1,033 | 17,626 | $ | 589,766 | $ | 20,303 | $ | 1,268 | ||||||||||||||||||
iShares MSCI Emerging Markets Index Fund |
12,997 | | 12,997 | | | | $ | 55,507 | ||||||||||||||||||||
iShares MSCI Germany Index Fund |
15,969 | | | 15,969 | $ | 410,563 | | | ||||||||||||||||||||
iShares Russell 2000 Index Fund |
| 6,848 | | 6,848 | $ | 613,718 | $ | 4,976 | | |||||||||||||||||||
Master Basic Value LLC |
$ | 857,508 | $ | 536,045 1 | | $ | 1,393,553 | $ | 1,393,553 | $ | 8,433 | $ | 66,158 | |||||||||||||||
Master Large Cap Growth Portfolio |
$ | 1,353,789 | | $ | 24,561 2 | $ | 1,329,228 | $ | 1,329,228 | $ | 7,593 | $ | 9,290 | |||||||||||||||
Master S&P 500 Stock Portfolio |
$ | 1,980,356 | | $ | 1,980,356 2 | | | $ | 8,732 | $ | 1,661 | |||||||||||||||||
Master Total Return Portfolio |
$ | 4,579,931 | $ | 152,414 1 | | $ | 4,732,345 | $ | 4,732,345 | $ | 51,906 | $ | 10,454 | |||||||||||||||
Master Value Opportunities LLC |
$ | 632,589 | | $ | 632,589 2 | | | $ | 1,118 | $ | 1,104 |
1 |
Represents net shares/beneficial interest purchased. |
2 |
Represents net beneficial interest sold. |
(b) | Represents the current yield as of report date. |
| Fair Value Measurements Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
| Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities that the Fund has the ability to access |
| Level 2 - other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) |
| Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following table summarizes the Funds investments categorized in the disclosure hierarchy as of January 31, 2013:
Level 1 | Level 2 | Level 3 | Total | |||||
Assets: |
||||||||
Investments: |
||||||||
Affiliated Investment Companies |
$ 12,860,076 | $ 7,455,126 | | $ 20,315,202 |
Certain of the Funds liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of January 31, 2013, a bank overdraft of $637 is categorized as Level 2 within the disclosure hierarchy.
There were no transfers between levels during the period ended January 31, 2013.
|
||||||
8 |
BLACKROCK FUNDS II | JANUARY 31, 2013 |
|
||
Schedule of Investments January 31, 2013 (Unaudited) |
LifePath Active 2035 Portfolio (Percentages shown are based on Net Assets) |
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Equity Funds 77.3% |
|
|||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
31,062 | $ | 795,507 | |||||
BlackRock Commodity Strategies Fund, Institutional Class |
16,203 | 167,218 | ||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
46,126 | 952,034 | ||||||
BlackRock Equity Dividend Fund, Institutional Class |
37,156 | 772,472 | ||||||
BlackRock International Fund, Institutional Class |
19,104 | 254,850 | ||||||
BlackRock International Opportunities Portfolio, Institutional Class |
7,221 | 254,974 | ||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
55,869 | 707,305 | ||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
6,655 | 429,514 | ||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
3,589 | 278,865 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund |
4,215 | 283,543 | ||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
10,040 | 335,938 | ||||||
iShares MSCI Germany Index Fund |
7,015 | 180,356 | ||||||
iShares Russell 2000 Index Fund |
2,695 | 241,526 | ||||||
Master Basic Value LLC |
$ | 796,114 | 796,114 | |||||
Master Large Cap Growth Portfolio |
$ | 742,745 | 742,745 | |||||
|
|
|||||||
7,192,961 | ||||||||
|
||||||||
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Fixed Income Funds 21.5% |
|
|||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
22,872 | $ | 186,866 | |||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
10,005 | 117,765 | ||||||
Master Total Return Portfolio |
$ | 1,691,467 | 1,691,467 | |||||
|
|
|||||||
1,996,098 | ||||||||
|
||||||||
Short-Term Securities 3.2% |
|
|||||||
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.10% (b) |
300,542 | 300,542 | ||||||
Total Affiliated Investment Companies (Cost $8,576,688*) 102.0% |
|
9,489,601 | ||||||
Liabilities in Excess of Other Assets (2.0)% |
|
(184,752 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
|
$ | 9,304,849 | |||||
|
|
Notes to Schedule of Investments |
* | As of January 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
Tax cost |
$ | 8,435,187 | ||
|
|
|||
Gross unrealized appreciation |
$ | 1,409,819 | ||
Gross unrealized depreciation |
(355,405 | ) | ||
|
|
|||
Net unrealized appreciation |
$ | 1,054,414 | ||
|
|
|
||||||
BLACKROCK FUNDS II | JANUARY 31, 2013 | 9 |
|
||
Schedule of Investments (concluded) |
LifePath Active 2035 Portfolio
|
(a) | Investments in issuers considered to be an affiliate of the Fund during the period ended January 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliate |
Shares/
Beneficial Interest Held at October 31, 2012 |
Shares/
Beneficial Interest Purchased |
Shares/
Beneficial Interest Sold |
Shares/
Held at
|
Value
at
|
Income |
Realized
Gain (Loss) |
|||||||||||||||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
44,959 | 10,447 | 24,343 | 31,062 | $ | 795,507 | $ | 4,461 | $ | 81,255 | ||||||||||||||||||
BlackRock Commodity Strategies Fund, Institutional Class |
| 16,203 | | 16,203 | $ | 167,218 | $ | 34 | | |||||||||||||||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
| 49,337 | 3,212 | 46,126 | $ | 952,034 | $ | 12,730 | $ | 32 | ||||||||||||||||||
BlackRock Equity Dividend Fund, Institutional Class |
81,419 | 6,727 | 50,990 | 37,156 | $ | 772,472 | $ | 4,277 | $ | 133,975 | ||||||||||||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
24,633 | 8,018 | 9,779 | 22,872 | $ | 186,866 | $ | 2,723 | $ | 2,044 | ||||||||||||||||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
| 10,005 | | 10,005 | $ | 117,765 | $ | 71 | $ | 1,958 | ||||||||||||||||||
BlackRock International Fund, Institutional Class |
31,216 | 1,996 | 14,107 | 19,104 | $ | 254,850 | $ | 2,912 | $ | (2,768 | ) | |||||||||||||||||
BlackRock International Opportunities Portfolio, Institutional Class |
9,688 | 775 | 3,243 | 7,221 | $ | 254,974 | $ | 3,590 | $ | 13,147 | ||||||||||||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class |
163,571 | 136,971 1 | | 300,542 | $ | 300,542 | $ | 94 | | |||||||||||||||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
61,485 | 3,282 | 8,898 | 55,869 | $ | 707,305 | $ | 22,546 | $ | 29,152 | ||||||||||||||||||
BlackRock Small Cap Growth Equity Portfolio, Institutional Class |
13,934 | | 13,934 | | | | $ | 55,033 | ||||||||||||||||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
| 6,655 | | 6,655 | $ | 429,514 | | | ||||||||||||||||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
| 3,589 | | 3,589 | $ | 278,865 | $ | 241 | | |||||||||||||||||||
iShares Dow Jones U.S. Real Estate Index Fund |
| 4,215 | | 4,215 | $ | 283,543 | $ | 3,232 | | |||||||||||||||||||
iShares Dow Jones U.S. Technology Sector Index Fund |
2,034 | | 2,034 | | | $ | 557 | $ | 2,198 | |||||||||||||||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
| 10,040 | | 10,040 | $ | 335,938 | $ | 10,699 | | |||||||||||||||||||
iShares MSCI Emerging Markets Index Fund |
5,959 | | 5,959 | | | | $ | 25,450 | ||||||||||||||||||||
iShares MSCI Germany Index Fund |
7,015 | | | 7,015 | $ | 180,356 | | | ||||||||||||||||||||
iShares Russell 2000 Index Fund |
| 2,695 | | 2,695 | $ | 241,526 | $ | 1,958 | | |||||||||||||||||||
Master Basic Value LLC |
$ | 424,541 | $ | 371,573 1 | | $ | 796,114 | $ | 796,114 | $ | 4,036 | $ | 35,422 | |||||||||||||||
Master Large Cap Growth Portfolio |
$ | 623,237 | $ | 119,508 1 | | $ | 742,745 | $ | 742,745 | $ | 3,803 | $ | 4,624 | |||||||||||||||
Master S&P 500 Portfolio |
$ | 974,823 | | $ | 974,823 2 | | | $ | 4,103 | $ | 718 | |||||||||||||||||
Master Total Return Portfolio |
$ | 474,059 | $ | 1,217,408 1 | | $ | 1,691,467 | $ | 1,691,467 | $ | 14,595 | $ | 2,323 | |||||||||||||||
Master Value Opportunities LLC |
$ | 344,735 | | $ | 344,735 2 | | | $ | 610 | $ | 22,864 |
1 |
Represents net shares/beneficial interest purchased. |
2 |
Represents net beneficial interest sold. |
(b) | Represents the current yield as of report date. |
| Fair Value Measurements Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
| Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities that the Fund has the ability to access |
| Level 2 - other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other marketcorroborated inputs) |
| Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following table summarizes the Funds investments categorized in the disclosure hierarchy as of January 31, 2013:
Level 1 | Level 2 | Level 3 | Total | |||||
Assets: |
||||||||
Investments: |
||||||||
Affiliated Investment Companies |
$ 6,259,275 | $ 3,230,326 | | $ 9,489,601 |
Certain of the Funds liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of January 31, 2013, a bank overdraft of $637 is categorized as Level 2 within the disclosure hierarchy.
There were no transfers between levels during the period ended January 31, 2013.
|
||||||
10 |
BLACKROCK FUNDS II | JANUARY 31, 2013 |
|
||
Schedule of Investments January 31, 2013 (Unaudited) |
LifePath Active 2040 Portfolio (Percentages shown are based on Net Assets) |
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Equity Funds 84.4% |
||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
46,854 | $ | 1,199,923 | |||||
BlackRock Commodity Strategies Fund, Institutional Class |
23,565 | 243,192 | ||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
67,706 | 1,397,450 | ||||||
BlackRock Equity Dividend Fund, Institutional Class |
58,140 | 1,208,735 | ||||||
BlackRock International Fund, Institutional Class |
33,403 | 445,590 | ||||||
BlackRock International Opportunities Portfolio, Institutional Class |
12,600 | 444,920 | ||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
80,386 | 1,017,691 | ||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
9,394 | 606,289 | ||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
5,066 | 393,628 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund |
6,860 | 461,472 | ||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
16,491 | 551,789 | ||||||
iShares MSCI Germany Index Fund |
9,077 | 233,370 | ||||||
iShares Russell 2000 Index Fund |
3,510 | 314,566 | ||||||
Master Basic Value LLC |
$ | 1,211,335 | 1,211,335 | |||||
Master Large Cap Growth Portfolio |
$ | 1,195,488 | 1,195,488 | |||||
|
|
|||||||
10,925,438 | ||||||||
|
||||||||
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Fixed Income Funds 15.5% |
||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
28,945 | $ | 236,477 | |||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
8,649 | 101,803 | ||||||
Master Total Return Portfolio |
$ | 1,669,982 | 1,669,982 | |||||
|
|
|||||||
2,008,262 | ||||||||
|
||||||||
Short-Term Securities 3.7% |
||||||||
BlackRock Liquidity Funds, TempFund, Institutional
|
478,186 | 478,186 | ||||||
Total Affiliated Investment Companies (Cost $12,033,576*) 103.6% |
|
13,411,886 | ||||||
Liabilities in Excess of Other Assets (3.6)% |
|
(469,560 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
|
$ | 12,942,326 | |||||
|
|
Notes to Schedule of Investments |
* | As of January 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
Tax cost |
$ | 11,872,426 | ||
|
|
|||
Gross unrealized appreciation |
$ | 2,036,283 | ||
Gross unrealized depreciation |
(496,823 | ) | ||
|
|
|||
Net unrealized appreciation |
$ | 1,539,460 | ||
|
|
|
||||||
BLACKROCK FUNDS II | JANUARY 31, 2013 | 11 |
|
||
Schedule of Investments (concluded) |
LifePath Active 2040 Portfolio
|
(a) | Investments in issuers considered to be an affiliate of the Fund during the period ended January 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliate |
Shares/
Held at
|
Shares/
Beneficial Interest Purchased |
Shares/
Sold |
Shares/
Held at
|
Value
at
|
Income |
Realized
Gain (Loss) |
|||||||||||||||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
63,740 | 9,543 | 26,429 | 46,854 | $ | 1,199,923 | $ | 7,478 | $ | 36,397 | ||||||||||||||||||
BlackRock Commodity Strategy Fund, Institutional Class |
| 23,565 | | 23,565 | $ | 243,192 | $ | 50 | | |||||||||||||||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
| 74,040 | 6,334 | 67,706 | $ | 1,397,450 | $ | 20,040 | $ | 6,705 | ||||||||||||||||||
BlackRock Equity Dividend Fund, Institutional Class |
100,606 | 9,997 | 52,463 | 58,140 | $ | 1,208,735 | $ | 7,179 | $ | 84,570 | ||||||||||||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
13,569 | 16,160 | 784 | 28,945 | $ | 236,477 | $ | 2,028 | $ | 360 | ||||||||||||||||||
BlackRock Inflation Protected Bond Portfolio, BlackRock Class |
| 8,649 | | 8,649 | $ | 101,803 | $ | 62 | $ | 1,693 | ||||||||||||||||||
BlackRock International Fund, Institutional Class |
39,264 | 14,838 | 20,699 | 33,403 | $ | 445,590 | $ | 5,610 | $ | (4,039) | ||||||||||||||||||
BlackRock International Opportunities Portfolio, Institutional Class |
11,769 | 831 | | 12,600 | $ | 444,920 | $ | 6,903 | | |||||||||||||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class |
416,442 | 61,744 1 | | 478,186 | $ | 478,186 | $ | 97 | | |||||||||||||||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
76,313 | 4,073 | | 80,386 | $ | 1,017,691 | $ | 27,983 | $ | 21,834 | ||||||||||||||||||
BlackRock Small Cap Growth Equity Portfolio, Institutional Class |
17,362 | | 17,362 | | | | $ | 64,156 | ||||||||||||||||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
| 9,394 | | 9,394 | $ | 606,289 | | | ||||||||||||||||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
| 5,066 | | 5,066 | $ | 393,628 | $ | 340 | | |||||||||||||||||||
iShares Dow Jones U.S. Real Estate Index Fund |
| 6,860 | | 6,860 | $ | 461,472 | $ | 5,421 | | |||||||||||||||||||
iShares Dow Jones U.S. Technology Sector Index Fund |
2,632 | | 2,632 | | | $ | 721 | $ | 2,844 | |||||||||||||||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
| 16,491 | | 16,491 | $ | 551,789 | $ | 17,944 | | |||||||||||||||||||
iShares MSCI Emerging Markets Index Fund |
7,588 | | 7,588 | | | | $ | 32,407 | ||||||||||||||||||||
iShares MSCI Germany Index Fund |
9,077 | | | 9,077 | $ | 233,370 | | | ||||||||||||||||||||
iShares Russell 2000 Index Fund |
| 3,510 | | 3,510 | $ | 314,566 | $ | 2,550 | | |||||||||||||||||||
Master Basic Value LLC |
$ | 850,787 | $ | 360,548 1 | | $ | 1,211,335 | $ | 1,211,335 | $ | 7,494 | $ | 54,794 | |||||||||||||||
Master Large Cap Growth Portfolio |
$ | 1,232,751 | | $ | 37,263 2 | $ | 1,195,488 | $ | 1,195,488 | $ | 6,499 | $ | 8,286 | |||||||||||||||
Master S&P 500 Stock Portfolio |
$ | 1,541,461 | | $ | 1,541,461 2 | | | $ | 6,282 | $ | 1,030 | |||||||||||||||||
Master Total Return Portfolio |
$ | 816,540 | $ | 853,442 1 | | $ | 1,669,982 | $ | 1,669,982 | $ | 16,513 | $ | 2,931 | |||||||||||||||
Master Value Opportunities LLC |
$ | 441,958 | | $ | 441,958 2 | | | $ | 784 | $ | 772 |
1 |
Represents net shares/beneficial interest purchased. |
2 |
Represents net beneficial interest sold. |
(b) | Represents the current yield as of report date. |
| Fair Value Measurements Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
| Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities that the Fund has the ability to access |
| Level 2 - other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other marketcorroborated inputs) |
| Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following table summarizes the Funds investments categorized in the disclosure hierarchy as of January 31, 2013:
Level 1 | Level 2 | Level 3 | Total | |||||
Assets: |
||||||||
Investments: |
||||||||
Affiliated Investment Companies |
$ 9,335,081 | $ 4,076,805 | | $ 13,411,886 |
Certain of the Funds liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of January 31, 2013, a bank overdraft of $637 is categorized as Level 2 within the disclosure hierarchy.
There were no transfers between levels during the period ended January 31, 2013.
|
||||||
12 |
BLACKROCK FUNDS II | JANUARY 31, 2013 |
|
||
Schedule of Investments January 31, 2013 (Unaudited) |
LifePath Active 2045 Portfolio (Percentages shown are based on Net Assets) |
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Equity Funds 88.4% |
||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
23,483 | $ | 601,388 | |||||
BlackRock Commodity Strategies Fund, Institutional Class |
10,533 | 108,698 | ||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
32,544 | 671,707 | ||||||
BlackRock Equity Dividend Fund, Institutional Class |
29,092 | 604,828 | ||||||
BlackRock International Fund, Institutional Class |
16,401 | 218,790 | ||||||
BlackRock International Opportunities Portfolio, Institutional Class |
6,181 | 218,267 | ||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
36,162 | 457,805 | ||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
4,189 | 270,358 | ||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
2,309 | 179,409 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund |
3,589 | 241,432 | ||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
8,563 | 286,518 | ||||||
iShares MSCI Germany Index Fund |
4,374 | 112,456 | ||||||
iShares Russell 2000 Index Fund |
1,400 | 125,468 | ||||||
Master Basic Value LLC |
$ | 602,941 | 602,941 | |||||
Master Large Cap Growth Portfolio |
$ | 599,775 | 599,775 | |||||
|
|
|||||||
5,299,840 | ||||||||
|
||||||||
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Fixed Income Funds 10.0% |
|
|||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
13,757 | $ | 112,393 | |||||
Master Total Return Portfolio |
$ | 486,697 | 486,697 | |||||
|
|
|||||||
599,090 | ||||||||
|
||||||||
Short-Term Securities 3.7% |
|
|||||||
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.10% (b) |
224,471 | 224,471 | ||||||
Total Affiliated Investment Companies (Cost $5,494,158*) 102.1% |
|
6,123,401 | ||||||
Liabilities in Excess of Other Assets (2.1)% |
|
(127,405 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
|
$ | 5,995,996 | |||||
|
|
Notes to Schedule of Investments |
* | As of January 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
Tax cost |
$ | 5,426,068 | ||
|
|
|||
Gross unrealized appreciation |
$ | 940,992 | ||
Gross unrealized depreciation |
(243,659 | ) | ||
|
|
|||
Net unrealized appreciation |
$ | 697,333 | ||
|
|
|
||||||
BLACKROCK FUNDS II | JANUARY 31, 2013 | 13 |
|
||
Schedule of Investments (concluded) |
LifePath Active 2045 Portfolio
|
(a) | Investments in issuers considered to be an affiliate of the Fund during the period ended January 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliate |
Shares/
Beneficial Interest Held at October 31, 2012 |
Shares/
Beneficial Interest Purchased |
Shares/
Beneficial Interest Sold |
Shares/
Beneficial Interest Held at January 31, 2013 |
Value
at
|
Income |
Realized
Gain (Loss) |
|||||||||||||||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
30,093 | 4,716 | 11,327 | 23,483 | $ | 601,388 | $ | 3,644 | $ | 8,944 | ||||||||||||||||||
BlackRock Commodity Strategy Fund, Institutional Class |
| 10,533 | | 10,533 | $ | 108,698 | | | ||||||||||||||||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
| 35,425 | 2,881 | 32,544 | $ | 671,707 | $ | 9,588 | $ | 3,033 | ||||||||||||||||||
BlackRock Equity Dividend Fund, Institutional Class |
48,177 | 5,269 | 24,354 | 29,092 | $ | 604,828 | $ | 3,495 | $ | 30,962 | ||||||||||||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
13,493 | 264 | | 13,757 | $ | 112,393 | $ | 1,743 | $ | 414 | ||||||||||||||||||
BlackRock International Fund, Institutional Class |
28,839 | 214 | 12,652 | 16,401 | $ | 218,790 | $ | 2,755 | $ | (1,431) | ||||||||||||||||||
BlackRock International Opportunities Portfolio, Institutional Class |
4,819 | 1,363 | | 6,181 | $ | 218,267 | $ | 3,387 | | |||||||||||||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class |
172,264 | 52,207 1 | 224,471 | $ | 224,471 | $ | 61 | | ||||||||||||||||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
34,329 | 1,832 | | 36,162 | $ | 457,805 | $ | 12,588 | $ | 9,822 | ||||||||||||||||||
BlackRock Small Cap Growth Equity Portfolio, Institutional Class |
7,848 | | 7,848 | | | | $ | 26,828 | ||||||||||||||||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
| 4,189 | | 4,189 | $ | 270,358 | | | ||||||||||||||||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
| 2,309 | | 2,309 | $ | 179,409 | $ | 155 | | |||||||||||||||||||
iShares Dow Jones U.S. Real Estate Index Fund |
| 3,589 | | 3,589 | $ | 241,432 | $ | 2,721 | | |||||||||||||||||||
iShares Dow Jones U.S. Technology Sector Index Fund |
1,268 | | 1,268 | | | $ | 347 | $ | 1,370 | |||||||||||||||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
| 8,563 | | 8,563 | $ | 286,518 | $ | 9,005 | | |||||||||||||||||||
iShares MSCI Emerging Markets Index Fund |
3,659 | | 3,659 | | | | $ | 15,627 | ||||||||||||||||||||
iShares MSCI Germany Index Fund |
4,374 | | | 4,374 | $ | 112,456 | | | ||||||||||||||||||||
iShares Russell 2000 Index Fund |
| 1,400 | | 1,400 | $ | 125,468 | $ | 1,017 | | |||||||||||||||||||
Master Basic Value LLC |
$ | 378,502 | $ | 224,439 1 | | $ | 602,941 | $ | 602,941 | $ | 3,528 | $ | 27,890 | |||||||||||||||
Master Large Cap Growth Portfolio |
$ | 589,253 | $ | 10,522 1 | | $ | 599,775 | $ | 599,775 | $ | 3,104 | $ | 11,059 | |||||||||||||||
Master S&P 500 Stock Portfolio |
$ | 608,887 | | $ | 608,887 2 | | | $ | 2,599 | $ | 467 | |||||||||||||||||
Master Total Return Portfolio |
$ | 323,168 | $ | 163,529 1 | | $ | 486,697 | $ | 486,697 | $ | 4,753 | $ | 857 | |||||||||||||||
Master Value Opportunities LLC |
$ | 101,627 | | $ | 101,627 2 | | | $ | 163 | $ | 11,837 |
1 |
Represents net shares/beneficial interest purchased. |
2 |
Represents net beneficial interest sold. |
(b) | Represents the current yield as of report date. |
| Fair Value Measurements Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
| Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities that the Fund has the ability to access |
| Level 2 - other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) |
| Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following table summarizes the Funds investments categorized in the disclosure hierarchy as of January 31, 2013:
Level 1 | Level 2 | Level 3 | Total | |||||
Assets: |
||||||||
Investments: |
||||||||
Affiliated Investment Companies |
$ 4,433,988 | $ 1,689,413 | | $ 6,123,401 |
Certain of the Funds liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of January 31, 2013, a bank overdraft of $637 is categorized as Level 2 within the disclosure hierarchy.
There were no transfers between levels during the period ended January 31, 2013.
|
||||||
14 |
BLACKROCK FUNDS II | JANUARY 31, 2013 |
|
||
Schedule of Investments January 31, 2013 (Unaudited) |
LifePath Active 2050 Portfolio (Percentages shown are based on Net Assets) |
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Equity Funds 92.6% |
||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
21,624 | $ | 553,788 | |||||
BlackRock Commodity Strategies Fund, Institutional Class |
8,506 | 87,780 | ||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
27,777 | 573,310 | ||||||
BlackRock Equity Dividend Fund, Institutional Class |
27,175 | 564,960 | ||||||
BlackRock International Fund, Institutional Class |
14,794 | 197,351 | ||||||
BlackRock International Opportunities Portfolio, Institutional Class |
5,576 | 196,872 | ||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
34,358 | 434,975 | ||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
3,087 | 199,235 | ||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
1,678 | 130,381 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund |
3,290 | 221,318 | ||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
7,890 | 263,999 | ||||||
iShares MSCI Germany Index Fund |
3,274 | 84,175 | ||||||
iShares Russell 2000 Index Fund |
1,013 | 90,785 | ||||||
Master Basic Value LLC |
$ | 559,667 | 559,667 | |||||
Master Large Cap Growth Portfolio |
$ | 556,507 | 556,507 | |||||
|
|
|||||||
4,715,103 | ||||||||
|
||||||||
Affiliated Investment Companies (a) |
Shares/
Beneficial Interest |
Value | ||||||
Fixed Income Funds 5.0% |
||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
11,096 | $ | 90,652 | |||||
Master Total Return Portfolio |
$ | 161,318 | 161,318 | |||||
|
|
|||||||
251,970 | ||||||||
|
||||||||
Short-Term Securities 3.7% |
|
|||||||
BlackRock Liquidity Funds, TempFund, Institutional Class, 0.10% (b) |
190,340 | 190,340 | ||||||
Total Affiliated Investment Companies (Cost $4,626,511*) 101.3% |
|
5,157,413 | ||||||
Liabilities in Excess of Other Assets (1.3)% |
|
(64,723 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
|
$ | 5,092,690 | |||||
|
|
Notes to Schedule of Investments |
* | As of January 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: |
Tax cost |
$ | 4,539,495 | ||
|
|
|||
Gross unrealized appreciation |
$ | 783,399 | ||
Gross unrealized depreciation |
(165,481 | ) | ||
|
|
|||
Net unrealized appreciation |
$ | 617,918 | ||
|
|
|
||||||
BLACKROCK FUNDS II | JANUARY 31, 2013 | 15 |
|
||
Schedule of Investments (concluded) |
LifePath Active 2050 Portfolio
|
(a) | Investments in issuers considered to be an affiliate of the Fund during the period ended January 31, 2013, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliate |
Shares/
Beneficial Interest Held at October 31, 2012 |
Shares/
Beneficial Interest Purchased |
Shares/
Beneficial Interest Sold |
Shares/
Beneficial Interest Held at January 31, 2013 |
Value
at
|
Income |
Realized
Gain (Loss) |
|||||||||||||||||||||
BlackRock Capital Appreciation Fund, Inc., BlackRock Class |
24,655 | 5,859 | 8,890 | 21,624 | $ | 553,788 | $ | 3,172 | $ | 38 | ||||||||||||||||||
BlackRock Commodity Strategies Fund, Institutional Class |
| 8,506 | | 8,506 | $ | 87,780 | $ | 18 | | |||||||||||||||||||
BlackRock Emerging Markets Fund, Inc., Institutional Class |
| 30,243 | 2,466 | 27,777 | $ | 573,310 | $ | 8,186 | $ | 2,646 | ||||||||||||||||||
BlackRock Equity Dividend Fund, Institutional Class |
38,002 | 7,605 | 18,433 | 27,175 | $ | 564,960 | $ | 3,043 | $ | 17,755 | ||||||||||||||||||
BlackRock High Yield Bond Portfolio, BlackRock Class |
16,188 | 305 | 5,397 | 11,096 | $ | 90,652 | $ | 1,966 | $ | 3,550 | ||||||||||||||||||
BlackRock International Fund, Institutional Class |
18,329 | 193 | 3,728 | 14,794 | $ | 197,351 | $ | 2,485 | $ | (858 | ) | |||||||||||||||||
BlackRock International Opportunities Portfolio, Institutional Class |
4,165 | 1,411 | | 5,576 | $ | 196,872 | $ | 3,055 | | |||||||||||||||||||
BlackRock Liquidity Funds, TempFund, Institutional Class |
123,189 | 67,151 1 | | 190,340 | $ | 190,340 | $ | 49 | | |||||||||||||||||||
BlackRock Long-Horizon Equity Fund, Institutional Class |
27,671 | 6,687 | | 34,358 | $ | 434,975 | $ | 10,147 | $ | 7,917 | ||||||||||||||||||
BlackRock Small Cap Growth Equity Portfolio, Institutional Class |
6,291 | | 6,291 | | | | $ | 22,121 | ||||||||||||||||||||
iShares Dow Jones U.S. Financial Sector Index Fund |
| 3,401 | 314 | 3,087 | $ | 199,235 | | $ | 661 | |||||||||||||||||||
iShares Dow Jones U.S. Industrial Sector Index Fund |
| 1,875 | 197 | 1,678 | $ | 130,381 | $ | 126 | $ | 245 | ||||||||||||||||||
iShares Dow Jones U.S. Real Estate Index Fund |
| 3,290 | | 3,290 | $ | 221,318 | $ | 2,422 | | |||||||||||||||||||
iShares Dow Jones U.S. Technology Sector Index Fund |
949 | | 949 | | | $ | 260 | $ | 1,025 | |||||||||||||||||||
iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index Fund |
| 7,890 | | 7,890 | $ | 263,999 | $ | 8,017 | | |||||||||||||||||||
iShares MSCI Emerging Markets Index Fund |
2,716 | | 2,716 | | | | $ | 11,599 | ||||||||||||||||||||
iShares MSCI Germany Index Fund |
3,274 | | | 3,274 | $ | 84,175 | | | ||||||||||||||||||||
iShares Russell 2000 Index Fund |
| 1,013 | | 1,013 | $ | 90,785 | $ | 736 | | |||||||||||||||||||
Master Basic Value LLC |
$ | 298,915 | $ | 260,752 1 | | $ | 559,667 | $ | 559,667 | $ | 3,038 | $ | 26,335 | |||||||||||||||
Master Large Cap Growth Portfolio |
$ | 459,484 | $ | 97,023 1 | | $ | 556,507 | $ | 556,507 | $ | 2,649 | $ | 3,945 | |||||||||||||||
Master S&P 500 Portfolio |
$ | 496,801 | | $ | 496,801 2 | | | $ | 2,107 | $ | 374 | |||||||||||||||||
Master Total Return Portfolio |
$ | 214,076 | | $ | 52,758 2 | $ | 161,318 | $ | 161,318 | $ | 1,605 | $ | 329 | |||||||||||||||
Master Value Opportunities LLC |
$ | 159,908 | | $ | 159,908 2 | | | $ | 283 | $ | 279 |
1 |
Represents net shares/beneficial interest purchased. |
2 |
Represents net beneficial interest sold. |
(b) | Represents the current yield as of report date. |
| Fair Value Measurements Various inputs are used in determining the fair value of investments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes as follows: |
| Level 1 - unadjusted price quotations in active markets/exchanges for identical assets and liabilities that the Fund has the ability to access |
| Level 2 - other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs) |
| Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Funds own assumptions used in determining the fair value of investments) |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Funds policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments is based on the pricing transparency of the investment and is not necessarily an indication of the risks associated with investing in those securities. For information about the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent financial statements as contained in its annual report.
The following table summarizes the Funds investments categorized in the disclosure hierarchy as of January 31, 2013:
Level 1 | Level 2 | Level 3 | Total | |||||
Assets: |
||||||||
Investments: |
||||||||
Affiliated Investment Companies |
$ 3,879,921 | $ 1,277,492 | | $ 5,157,413 |
Certain of the Funds liabilities are held at carrying amount, which approximates fair value for financial reporting purposes. As of January 31, 2013, a bank overdraft of $637 is categorized as Level 2 within the disclosure hierarchy.
There were no transfers between levels during the period ended January 31, 2013.
|
||||||
16 |
BLACKROCK FUNDS II | JANUARY 31, 2013 |
Item 2 Controls and Procedures
2(a) | The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended. |
2(b) | There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrants internal control over financial reporting. |
Item 3 Exhibits
Certifications Attached hereto
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BlackRock Funds II
By: |
/s/ John M. Perlowski |
|
John M. Perlowski | ||
Chief Executive Officer (principal executive officer) of | ||
BlackRock Funds II |
Date: March 26, 2013
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: |
/s/ John M. Perlowski |
|
John M. Perlowski | ||
Chief Executive Officer (principal executive officer) of | ||
BlackRock Funds II |
Date: March 26, 2013
By: |
/s/ Neal J. Andrews |
|
Neal J. Andrews | ||
Chief Financial Officer (principal financial officer) of | ||
BlackRock Funds II |
Date: March 26, 2013
1 Year Blackrock 80/20 Target Allocation Fund, Investor A (MM) Chart |
1 Month Blackrock 80/20 Target Allocation Fund, Investor A (MM) Chart |
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