BlackRock Fund Advisors

Q4 2016 13F Holdings Report, Stock Holdings

Signature - Title: /s/ Andrew Crain - Attorney-In-Fact pursuant to PoA date October 2015
Location: San Francisco, CA
Holdings as of: 31 Dec 2016
Value $: $542,279,195,000
Num holdings: 4,238
Filing time: 10 Feb 2017, 14:36:35 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included AAPL, MSFT, XOM, JNJ, and T.
Previous filing: Q3 2016 - 08 Nov 2016
SEC: View on sec.gov

Sym	Weight	Trade Impact	Company	Class	Share Change	Activity	Value Change $	Value $	* Price $	Shares	Principal

Filing 2016 Q4 compared to 2016 Q3 by default. Changes are calculated vs the previous SEC filing.

Compare Q4 2016 to

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
/s/ Andrew Crain	Attorney-In-Fact pursuant to PoA date October 2015	New York, New York	31 Dec 2016

BlackRock Fund Advisors is an institutional investmentmanager subject to Section 13(f) of the Securities Exchange Act of 1934 and the rules promulgated thereunder. BlackRock Fund Advisors is a subsidiary of BlackRock, Inc. The securities positions reported by BlackRock Fund Advisors are also being reported on behalf of BlackRock, Inc. However, BlackRock, Inc. does not exercise, and therefore disclaims investment discretion, with respect to any Section 13(f) securities positions over which BlackRock Fund Advisors exercises discretion. Prior to a name change which was effective 12/01/2009, BlackRock Fund Advisors reported for 13F purposes as Barclays Global Fund Advisors.