See
notes
to
financial
statements.
BlackRock
Sustainable
High
Yield
Bond
Fund
BlackRock
Sustainable
Total
Return
Fund
INVESTMENT
INCOME
–
–
Dividends
—
unaffiliated
................................................................................
$
—
$
32
Dividends
—
affiliated
..................................................................................
15,015
33,928
Interest
—
unaffiliated
..................................................................................
1,611,648
1,004,240
Total
investment
income
..................................................................................
1,626,663
1,038,200
EXPENSES
Investment
advisory
...................................................................................
113,087
85,611
Professional
........................................................................................
64,011
80,746
Accounting
services
...................................................................................
49,497
29,891
Printing
and
postage
..................................................................................
34,910
36,485
Registration
........................................................................................
28,690
41,996
Administration
......................................................................................
9,612
9,329
Custodian
..........................................................................................
4,645
9,627
Administration
—
class
specific
...........................................................................
4,523
4,390
Directors
and
Officer
..................................................................................
826
823
Transfer
agent
—
class
specific
...........................................................................
553
2,245
Service
—
class
specific
................................................................................
142
169
Miscellaneous
.......................................................................................
4,792
17,444
Total
expenses
excluding
interest
expense
......................................................................
315,288
318,756
Interest
expense
.....................................................................................
68
108
Total
e
xpenses
........................................................................................
315,356
318,864
Less:
–
–
Administration
fees
waived
..............................................................................
(
9,612
)
(
9,329
)
Administration
fees
waived
by
the
Manager
—
class
specific
........................................................
(
4,511
)
(
4,389
)
Fees
waived
and/or
reimbursed
by
the
Manager
................................................................
(
180,428
)
(
216,699
)
Transfer
agent
fees
waived
and/or
reimbursed
by
the
Manager
—
class
specific
...........................................
(
418
)
(
1,457
)
Total
ex
penses
after
fees
waived
and/or
reimbursed
...............................................................
120,387
86,990
Net
investment
income
...................................................................................
1,506,276
951,210
REALIZED
AND
UNREALIZED
GAIN
(LOSS)
$
(
1,116,820
)
$
(
1,188,176
)
Net
realized
gain
(loss)
from:
Investments
—
unaffiliated
............................................................................
$
86,273
$
(
183,513
)
Investments
—
affiliated
..............................................................................
—
(
3,915
)
Forward
foreign
currency
exchange
contracts
................................................................
—
130,453
Foreign
currency
transactions
..........................................................................
—
(
39,814
)
Futures
contracts
...................................................................................
(
16,204
)
(
322,378
)
Options
written
....................................................................................
—
(
37,638
)
Swaps
.........................................................................................
—
(
20,494
)
70,069
(477,299)
Net
change
in
unrealized
appreciation
(depreciation)
on:
Investments
—
unaffiliated
............................................................................
(
1,189,366
)
(
931,947
)
Investments
—
affiliated
..............................................................................
—
(
3,547
)
Forward
foreign
currency
exchange
contracts
................................................................
—
51,925
Foreign
currency
translations
...........................................................................
—
(
1,457
)
Futures
contracts
...................................................................................
2,475
85,572
Options
written
....................................................................................
—
43,796
Swaps
.........................................................................................
—
44,783
Unfunded
floating
rate
loan
interests
......................................................................
2
—
(1,186,889)
(710,875)
Net
realized
and
unrealized
loss
.............................................................................
(1,116,820)
(1,188,174)
NET
INCREASE
(DECREASE)
IN
NET
ASSETS
RESULTING
FROM
OPERATIONS
.........................................
$
389,456
$
(236,964)