# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0000940400-26-002212
**Filing Date:** 2026-1
**Character Count:** 90109
**Document Hash:** 3e6e39882278a76b2fbc7ebf7fdb4edf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-002212.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000940400-26-002212

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251128

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS
- **CENTRAL INDEX KEY:** 0000844779

**ORGANIZATION NAME:**
- **EIN:** 510318674
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05742
- **FILM NUMBER:** 26559274

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMPASS CAPITAL FUNDS\
- **DATE OF NAME CHANGE:** 19961114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PNC FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NCP FUNDS
- **DATE OF NAME CHANGE:** 19890511

## Series and Classes Contracts Data

### BlackRock Commodity Strategies Fund (Series ID: S000033601)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000103250 | Investor A Shares    |  |
| C000103251 | Investor C Shares    |  |
| C000103252 | Institutional Shares |  |
| C000198241 | Class K              |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock Funds

- **b. Investment Company Act file number:** 811-05742

- **c. CIK number of Registrant:** 0000844779

- **d. LEI of Registrant:** 549300OZUEVJZHOBFP42

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** BlackRock Commodity Strategies Fund

- **b. EDGAR series identifier (if any):** S000033601

- **c. LEI of Series:** P7WNZ2Q36SS1IIU5DB52

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-28

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $816505974.83

**Total Liabilities:** $6343987.41

**Net Assets:** $810161987.42

**Amount of Assets Invested in Other Investment Companies:** $103448117.22

**Cash Not Reported:** $16798174.90

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 4.10000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.01000000 | **1-Year:** 0.03000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000103250 | 3.81%                | -0.71%               | 4.83%                |
| Class ID C000103251 | 3.79%                | -0.75%               | 4.65%                |
| Class ID C000103252 | 3.88%                | -0.71%               | 4.78%                |
| Class ID C000198241 | 3.98%                | -0.71%               | 4.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8604733.47              | $8451243.36                                |
| Month 2  | $10584138.96             | $-25417189.62                              |
| Month 3  | $-2280280.45             | $28234958.66                               |

**Designated Index Information**

- **Index Name:** Bloomberg Commodity Index Total Return

- **Index Identifier:** BCOMTR

### Schedule of Portfolio Investments

| Name                                      | Title                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $10700.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-23000.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $4240.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $5443.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $39544.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $39921.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $3262.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $2485.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-14328.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-62694.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $25539.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $20277.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $1032.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $95861.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-17457.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $14583.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-6698.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-34444.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-8668.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $14460.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $1569.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-8280.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $1449567.65   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $608844.55    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $36717.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $9261.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $19174.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-12679.76    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-13114.17    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $13769.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $83981.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-154.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $84552.49     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $6995.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $1002201.22   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $15557.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $3871.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TC Energy Corp                            | TC Energy Corp                       | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     67529 | NS      | $3693328.18   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                              | Newmont Corp                         | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    159109 | NS      | $14435959.57  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                        | Lundin Mining Corp                   | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |     63644 | NS      | $1191403.66   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd                     | Valterra Platinum Ltd                | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     28952 | NS      | $2010592.08   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp                  | Pan American Silver Corp             | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     27214 | NS      | $1242638.62   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Develop Global Ltd                        | Develop Global Ltd                   | CUSIP: 000000000<br>LEI: 5299008N5CYXCI98G291 | Long             | EC               | CORP              | AU        |    428542 | NS      | $1047583.11   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| RUPERT RESOURCES LTD                      | RUPERT RESOURCES LTD                 | CUSIP: 000000000<br>LEI: 529900EEVS5CSPMXKZ88 | Long             | EC               | CORP              | CA        |     91372 | NS      | $394924.24    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Glencore PLC                              | Glencore PLC                         | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | CH        |    643813 | NS      | $3077526.59   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $4713.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FireFly Metals Ltd                        | FireFly Metals Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    421590 | NS      | $519444.62    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Greatland Resources Ltd                   | Greatland Resources Ltd              | CUSIP: 000000000<br>LEI: 213800KQI75ZGE53GX44 | Long             | EC               | CORP              | AU        |     85524 | NS      | $428442.98    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                         | Ivanhoe Mines Ltd                    | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    112805 | NS      | $1178541.63   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp                           | ERO Copper Corp                      | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |      9758 | NS      | $247746.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                      | Galp Energia SGPS SA                 | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     49306 | NS      | $991212.87    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                      | Endeavour Mining PLC                 | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |     81528 | NS      | $3774050.11   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                              | Gazprom PJSC                         | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    712200 | NS      | $91.75        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Artemis Gold Inc                          | Artemis Gold Inc                     | CUSIP: 04302L100<br>LEI: 529900GXBX7DGL5YMO49 | Long             | EC               | CORP              | CA        |     84024 | NS      | $2233705.39   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                        | Eldorado Gold Corp                   | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    119465 | NS      | $3740449.15   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                              | IAMGOLD Corp                         | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    121897 | NS      | $1894279.38   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-21702.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Allied Gold Corp                          | Allied Gold Corp                     | CUSIP: 01921D204<br>LEI: 894500S5G4JFSRGK8L37 | Long             | EC               | CORP              | CA        |     49977 | NS      | $1055008.41   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Subsea 7 SA                               | Subsea 7 SA                          | CUSIP: 000000000<br>LEI: 222100AIF0CBCY80AH62 | Long             | EC               | CORP              | GB        |     10450 | NS      | $201565.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Cash Funds - Institutional      | BlackRock Cash Funds - Institutional | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |   3310477 | NS      | $3312132.39   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc                     | Aya Gold & Silver Inc                | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |     24724 | NS      | $343052.25    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                           | Gold Fields Ltd                      | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     25534 | NS      | $1095153.26   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                             | Rio Tinto PLC                        | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     71572 | NS      | $5139035.14   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp                  | Pan American Silver Corp             | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     48171 | NS      | $2199969.57   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                        | Anglo American PLC                   | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    115863 | NS      | $4379074.12   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                           | Norsk Hydro ASA                      | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |    189236 | NS      | $1356350.51   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| G Mining Ventures Corp                    | G Mining Ventures Corp               | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     69992 | NS      | $1645309.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $203155.06    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| California Resources Corp                 | California Resources Corp            | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     10150 | NS      | $484967.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondi PLC                                 | Mondi PLC                            | CUSIP: 000000000<br>LEI: 213800LOZA69QFDC9N34 | Long             | EC               | CORP              | GB        |    452951 | NS      | $5211911.49   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresnillo PLC                             | Fresnillo PLC                        | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | MX        |     14589 | NS      | $508701.69    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunge Global SA                           | Bunge Global SA                      | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | US        |    143375 | NS      | $13774036.25  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUNDERS METALS PLACEMENT                 | FOUNDERS METALS PLACEMENT            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    230890 | NS      | $718717.31    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| G2 Goldfields Inc                         | G2 Goldfields Inc                    | CUSIP: 36256R105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    174391 | NS      | $622713.58    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Deere & Co                                | Deere & Co                           | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     17667 | NS      | $8206144.83   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd                | First Quantum Minerals Ltd           | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     41255 | NS      | $934654.76    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Galiano Gold Inc                          | Galiano Gold Inc                     | CUSIP: 36352H100<br>LEI: 529900V13XJFM0VPGC86 | Long             | EC               | CORP              | CA        |    226339 | NS      | $549873.63    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                             | United States Treasury Bill          | CUSIP: 912797RU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 380000000 | PA      | $376594820.00 | 46.48%            | 2026-02-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $186448.31    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                             | BHP Group Ltd                        | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    130473 | NS      | $3570131.95   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Lynas Rare Earths Ltd                     | Lynas Rare Earths Ltd                | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |    112072 | NS      | $1068336.84   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Gold International Co Lt            | Zijin Gold International Co Ltd      | CUSIP: 000000000<br>LEI: 254900FINUJR4MZ8A417 | Long             | EC               | CORP              | HK        |     34600 | NS      | $618615.02    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd                         | Kosmos Energy Ltd                    | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |    198012 | NS      | $221773.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Valero Energy Corp                        | Valero Energy Corp                   | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     19169 | NS      | $3388312.44   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                  | EQT Corp                             | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     24041 | NS      | $1463135.26   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                     | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    107706 | NS      | $7085632.43   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp                         | Kinross Gold Corp                    | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    353912 | NS      | $9960541.67   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Capricorn Metals Ltd                      | Capricorn Metals Ltd                 | CUSIP: 000000000<br>LEI: 529900CRG304NUYMOV23 | Long             | EC               | CORP              | AU        |     47797 | NS      | $463808.74    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DPM Metals Inc                            | DPM Metals Inc                       | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     51618 | NS      | $1441661.98   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $8171.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Minerals 260 Ltd                          | Minerals 260 Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1247056 | NS      | $277782.97    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                          | Coeur Mining Inc                     | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     82013 | NS      | $1416364.51   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                       | Cheniere Energy Inc                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     14732 | NS      | $3071032.72   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                            | TechnipFMC PLC                       | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     48700 | NS      | $2204162.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp                        | Franco-Nevada Corp                   | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     22913 | NS      | $4810016.59   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd            | Canadian Natural Resources Ltd       | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    102283 | NS      | $3455422.68   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Founders Metals Inc                       | Founders Metals Inc                  | CUSIP: 350590105<br>LEI: 984500F8843F89AC8H21 | Long             | EC               | CORP              | CA        |     39936 | NS      | $124313.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Nickel Industries Ltd                     | Nickel Industries Ltd                | CUSIP: 000000000<br>LEI: 54930007K0WX53TSIK16 | Long             | EC               | CORP              | AU        |   1194271 | NS      | $568103.56    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Rupert Resources Ltd                      | Rupert Resources Ltd                 | CUSIP: 78165J105<br>LEI: 529900EEVS5CSPMXKZ88 | Long             | EC               | CORP              | CA        |     96448 | NS      | $416863.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Anglogold Ashanti Plc                     | Anglogold Ashanti Plc                | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     90874 | NS      | $7786084.32   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-7475.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Martin Marietta Materials Inc             | Martin Marietta Materials Inc        | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      1367 | NS      | $851969.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                      | Freeport-McMoRan Inc                 | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     42934 | NS      | $1845303.32   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chalice Mining Ltd                        | Chalice Mining Ltd                   | CUSIP: 000000000<br>LEI: 5299008IXHWMQDOE1437 | Long             | EC               | CORP              | AU        |     86228 | NS      | $101923.81    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                            | ConocoPhillips                       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     35017 | NS      | $3105657.73   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp                     | Pembina Pipeline Corp                | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     44764 | NS      | $1744336.91   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                   | Vale SA                              | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    340063 | NS      | $4288194.43   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                               | Cameco Corp                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     10986 | NS      | $972370.86    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaztransport Et Technigaz SA              | Gaztransport Et Technigaz SA         | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |      6931 | NS      | $1385522.67   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Centerra Gold Inc                         | Centerra Gold Inc                    | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |     53812 | NS      | $715465.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                        | Steel Dynamics Inc                   | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     13901 | NS      | $2333004.83   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $174114.25    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $219.21       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                 | Repsol SA                            | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |     64810 | NS      | $1200887.89   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Bellevue Gold Ltd                         | Bellevue Gold Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    748582 | NS      | $658040.62    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| HF Sinclair Corp                          | HF Sinclair Corp                     | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     21752 | NS      | $1150898.32   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp              | Wheaton Precious Metals Corp         | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     98367 | NS      | $10827444.23  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                           | Alamos Gold Inc                      | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     98159 | NS      | $3682060.02   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Polyus PJSC                               | Polyus PJSC                          | CUSIP: 000000000<br>LEI: 549300FUXVT7TF6ZKV71 | Long             | EC               | CORP              | RU        |    462520 | NS      | $5.96         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Foran Mining Corp                         | Foran Mining Corp                    | CUSIP: 344911201<br>LEI: 529900LRYPIWB6RISB58 | Long             | EC               | CORP              | CA        |    344102 | NS      | $1037883.24   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| TITAN MINING LEGEND                       | TITAN MINING LEGEND                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     13849 | NS      | $38153.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp                              | Chevron Corp                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59908 | NS      | $9053896.04   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonesis Novozymes B                     | Novonesis Novozymes B                | CUSIP: 000000000<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |    105821 | NS      | $6605492.01   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $20516.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLARIS RES LEGEND                        | SOLARIS RES LEGEND                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     39000 | NS      | $307266.81    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Minera Cerro Verde SA            | Sociedad Minera Cerro Verde SAA      | CUSIP: 000000000<br>LEI: 5493002F857O2TX7EU13 | Long             | EC               | CORP              | PE        |     20855 | NS      | $948902.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                 | Packaging Corp of America            | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     84678 | NS      | $17280239.46  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                      | Williams Cos Inc/The                 | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     65944 | NS      | $4017967.92   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                      | Targa Resources Corp                 | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     16209 | NS      | $2841599.79   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                               | Cameco Corp                          | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     16954 | NS      | $1502075.02   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                | Alcoa Corp                           | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      8046 | NS      | $335840.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | Permian Resources Corp               | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    151579 | NS      | $2196379.71   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                         | Equinox Gold Corp                    | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |     99514 | NS      | $1380783.90   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                      | Southern Copper Corp                 | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     14184 | NS      | $1911718.31   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $8942.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Predictive Discovery Ltd                  | Predictive Discovery Ltd             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   2698187 | NS      | $1130315.51   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Teck Resources Ltd                        | Teck Resources Ltd                   | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |      8383 | NS      | $359507.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Silver Corp                     | Discovery Silver Corp                | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |    291309 | NS      | $1648899.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                               | Nutrien Ltd                          | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    458241 | NS      | $26655878.97  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Mining Corp                         | Titan Mining Corp                    | CUSIP: 88831L202<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     46791 | NS      | $128909.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Blackstone Minerals Ltd                   | Blackstone Minerals Ltd              | CUSIP: 000000000<br>LEI: 529900WXEF13Q8S2X594 | Long             | EC               | CORP              | AU        |    849513 | NS      | $23932.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| OR Royalties Inc                          | OR Royalties Inc                     | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |     71902 | NS      | $2508299.04   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                         | Suncor Energy Inc                    | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     69049 | NS      | $3092122.38   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerald Resources NL                      | Emerald Resources NL                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    230317 | NS      | $811107.80    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NGEx Minerals Ltd                         | NGEx Minerals Ltd                    | CUSIP: 62930A102<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |     45042 | NS      | $797408.91    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-1221.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Solaris Resources Inc                     | Solaris Resources Inc                | CUSIP: 83419D201<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     65788 | NS      | $518319.71    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                | Nucor Corp                           | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     18089 | NS      | $2885014.61   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                 | Zijin Mining Group Co Ltd            | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    102000 | NS      | $405610.79    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Smurfit WestRock PLC                      | Smurfit WestRock PLC                 | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |    506376 | NS      | $18072559.44  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Iron Ltd                         | Champion Iron Ltd                    | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |     79887 | NS      | $304189.63    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                    | Agnico Eagle Mines Ltd               | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     70692 | NS      | $12324876.65  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd                           | Orla Mining Ltd                      | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |     95578 | NS      | $1346689.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                         | EOG Resources Inc                    | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     26966 | NS      | $2908283.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds T-Fund          | BlackRock Liquidity Funds T-Fund     | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |   8118739 | NS      | $8118738.57   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hycroft Mining Holding Corp               | Hycroft Mining Holding Corp          | CUSIP: 44862P208<br>LEI: 254900T7FYMGS29WIF55 | Long             | EC               | CORP              | US        |     41828 | NS      | $489387.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-3114.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Inc                              | Reliance Inc                         | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       562 | NS      | $156977.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Iluka Resources Ltd                       | Iluka Resources Ltd                  | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |     36978 | NS      | $156338.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Mining Corp                       | Barrick Mining Corp                  | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    365081 | NS      | $15092448.54  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                    | Grupo Mexico SAB de CV               | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    153501 | NS      | $1332617.83   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Challenger Gold Ltd                       | Challenger Gold Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1151864 | NS      | $87352.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Robex Resources Inc                       | Robex Resources Inc                  | CUSIP: 76125Y600<br>LEI: 529900UBILRW1I57HF58 | Long             | EC               | CORP              | CA        |    199628 | NS      | $679973.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                          | ArcelorMittal SA                     | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     43976 | NS      | $1905861.29   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Lithium Royalty Corp                      | Lithium Royalty Corp                 | CUSIP: 53680W105<br>LEI: 549300PNTZ1SGOX9FY92 | Long             | EC               | CORP              | CA        |     56034 | NS      | $280280.27    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| UPM-Kymmene Oyj                           | UPM-Kymmene Oyj                      | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |    250036 | NS      | $6826120.33   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Gold Inc                           | Lundin Gold Inc                      | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |     13158 | NS      | $1108512.89   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-154247.66   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Corteva Inc                               | Corteva Inc                          | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    405855 | NS      | $27383036.85  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                  | Torex Gold Resources Inc             | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |     67778 | NS      | $3194773.95   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                          | Exxon Mobil Corp                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    166340 | NS      | $19282132.80  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc              | Alimentation Couche-Tard Inc         | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     15635 | NS      | $851424.74    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc / US                 | Ivanhoe Electric Inc / US            | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18947 | NS      | $271131.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                         | Kinder Morgan Inc                    | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    116810 | NS      | $3191249.20   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd               | Northern Star Resources Ltd          | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    324560 | NS      | $5835683.90   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| LUNR ROYALTIES CORP                       | LUNR ROYALTIES CORP                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     10925 | NS      | $2345.40      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Shell PLC                                 | Shell PLC                            | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    269479 | NS      | $9903602.48   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Tecnicas Reunidas SA                      | Tecnicas Reunidas SA                 | CUSIP: 000000000<br>LEI: 213800JEZBUPZKWJGF49 | Long             | EC               | CORP              | ES        |      7200 | NS      | $238339.97    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-351.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp                         | Kinross Gold Corp                    | CUSIP: 496902198<br>LEI: 254900O9KHF2A1ZXPT47 | Long             |  | CORP              | CA        |     11812 | NS      | $17718.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARC Resources Ltd                         | ARC Resources Ltd                    | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |     49773 | NS      | $887576.06    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-5313.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $30297.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $824.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $86436.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $17504.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $6572.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $30167.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-8405.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-3845.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-8720.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $38785.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-13262.48    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-8084.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $89672.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $3296.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $555737.46    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-52992.94    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-17873.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $13778.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $7099.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $35532.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $148049.83    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $60445.43     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-9764.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $5322337.32   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-1059096.07  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $1685.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $31647.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $102133.48    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $516946.88    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $86098.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $28800.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $109746.87    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $31525.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $21138.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $188701.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-7736.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $1225170.06   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $10325.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $46098.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $5980.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $594983.93    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-10394.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $22723.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-299.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-96146.20    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-10462.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-19517.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $16315.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $51611.13     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $46802.30     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $246172.40    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-14128.70    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $41978.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $118249.84    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $300.08       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $85922.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $52235.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $6061.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-36720.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $39948.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-9724.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $27581.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $18476.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-119313.56   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $69219.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL               | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-9166.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-8900.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $53519.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $42999.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $22315.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $5522.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $47783.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRENT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $23139.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                          | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-44039.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRINT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-1575.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $3805.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRAGT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $13285.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                    | TRS BCOMRLIT INDEX                   | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-1196.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL               | TRS BCOMRPRT INDEX                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $200779.16    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-23

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer