# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001410368-25-017857
**Filing Date:** 2025-10
**Character Count:** 86504
**Document Hash:** ad94764e160447e2a13c88e4c7594104
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-017857.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-017857

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**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:** 251418934

**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 Sustainable Aware Advantage Large Cap Core Fund (Series ID: S000051092)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000160934 | Investor A    |  |
| C000160935 | Investor C    |  |
| C000160936 | Institutional |  |
| C000166019 | Class K       |  |

## Nport-Ex

August 31, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **BlackRock Funds**<sup>SM</sup> |
| • BlackRock Sustainable Advantage Large Cap Core Fund |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

August 31, 2025

**BlackRock Sustainable Advantage Large Cap Core Fund** 

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** |  |
| Axon Enterprise, Inc.<sup>(a)</sup> | 4043 | &nbsp;&nbsp; $3021293 |
| HEICO Corp. | 624 | &nbsp;&nbsp; 194700 |
| HEICO Corp., Class A | 21464 | &nbsp;&nbsp; 5258895 |
| RTX Corp. | 34296 | &nbsp;&nbsp; 5439346 |
|  |  | &nbsp;&nbsp; 13914234 |
| **Air Freight & Logistics — 1.3%** | **Air Freight & Logistics — 1.3%** |  |
| FedEx Corp. | 45430 | &nbsp;&nbsp; 10497510 |
| United Parcel Service, Inc., Class B | 19517 | &nbsp;&nbsp; 1706567 |
|  |  | &nbsp;&nbsp; 12204077 |
| **Automobile Components — 0.7%** | **Automobile Components — 0.7%** |  |
| BorgWarner, Inc. | 158261 | &nbsp;&nbsp; 6767240 |
| **Automobiles — 1.6%** | **Automobiles — 1.6%** |  |
| Tesla, Inc.<sup>(a)</sup> | 43022 | &nbsp;&nbsp; 14363755 |
| **Banks — 3.8%** | **Banks — 3.8%** |  |
| Bank of America Corp. | 278505 | &nbsp;&nbsp; 14131344 |
| Citigroup, Inc. | 28522 | &nbsp;&nbsp; 2754369 |
| Huntington Bancshares, Inc. | 153038 | &nbsp;&nbsp; 2725607 |
| JPMorgan Chase & Co. | 28149 | &nbsp;&nbsp; 8484672 |
| Pinnacle Financial Partners, Inc. | 2442 | &nbsp;&nbsp; 237411 |
| PNC Financial Services Group, Inc. | 32062 | &nbsp;&nbsp; 6650941 |
|  |  | &nbsp;&nbsp; 34984344 |
| **Beverages — 0.7%** | **Beverages — 0.7%** |  |
| PepsiCo, Inc. | 40965 | &nbsp;&nbsp; 6089447 |
| **Biotechnology — 3.1%** | **Biotechnology — 3.1%** |  |
| AbbVie, Inc. | 33750 | &nbsp;&nbsp; 7101000 |
| Blueprint Medicines Corp.<sup>(b)</sup> | 14154 | &nbsp;&nbsp; 13729 |
| Gilead Sciences, Inc. | 59674 | &nbsp;&nbsp; 6741372 |
| Incyte Corp.<sup>(a)</sup> | 17394 | &nbsp;&nbsp; 1471706 |
| Insmed, Inc.<sup>(a)</sup> | 8534 | &nbsp;&nbsp; 1161477 |
| Ionis Pharmaceuticals, Inc.<sup>(a)</sup> | 21820 | &nbsp;&nbsp; 930296 |
| Moderna, Inc.<sup>(a)</sup> | 21180 | &nbsp;&nbsp; 510226 |
| Natera, Inc.<sup>(a)</sup> | 19835 | &nbsp;&nbsp; 3337239 |
| Regeneron Pharmaceuticals, Inc. | 10260 | &nbsp;&nbsp; 5957982 |
| Ultragenyx Pharmaceutical, Inc.<sup>(a)</sup> | 9162 | &nbsp;&nbsp; 274494 |
| United Therapeutics Corp.<sup>(a)</sup> | 3757 | &nbsp;&nbsp; 1144983 |
|  |  | &nbsp;&nbsp; 28644504 |
| **Broadline Retail — 4.1%** | **Broadline Retail — 4.1%** |  |
| Amazon.com, Inc.<sup>(a)</sup> | 162318 | &nbsp;&nbsp; 37170822 |
| eBay, Inc. | 8811 | &nbsp;&nbsp; 798365 |
|  |  | &nbsp;&nbsp; 37969187 |
| **Building Products — 0.7%** | **Building Products — 0.7%** |  |
| Armstrong World Industries, Inc. | 5532 | &nbsp;&nbsp; 1083000 |
| Johnson Controls International PLC | 25148 | &nbsp;&nbsp; 2688070 |
| Owens Corning | 13249 | &nbsp;&nbsp; 1989602 |
| Trane Technologies PLC | 1225 | &nbsp;&nbsp; 509110 |
|  |  | &nbsp;&nbsp; 6269782 |
| **Capital Markets — 3.0%** | **Capital Markets — 3.0%** |  |
| Ameriprise Financial, Inc. | 384 | &nbsp;&nbsp; 197687 |
| Blackstone, Inc., Class A | 25863 | &nbsp;&nbsp; 4432918 |
| Cboe Global Markets, Inc. | 1398 | &nbsp;&nbsp; 329858 |
| Charles Schwab Corp. | 74261 | &nbsp;&nbsp; 7117174 |
| Interactive Brokers Group, Inc., Class A | 4477 | &nbsp;&nbsp; 278648 |
| Intercontinental Exchange, Inc. | 6376 | &nbsp;&nbsp; 1126002 |
| Moody's Corp. | 3312 | &nbsp;&nbsp; 1688325 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Capital Markets (continued)** | **Capital Markets (continued)** |  |
| Morgan Stanley | 65539 | &nbsp;&nbsp; $9862309 |
| Nasdaq, Inc. | 32351 | &nbsp;&nbsp; 3064934 |
|  |  | &nbsp;&nbsp; 28097855 |
| **Chemicals — 1.2%** | **Chemicals — 1.2%** |  |
| Corteva, Inc. | 148081 | &nbsp;&nbsp; 10986129 |
| **Commercial Services & Supplies — 1.3%** | **Commercial Services & Supplies — 1.3%** |  |
| Cintas Corp. | 26314 | &nbsp;&nbsp; 5526729 |
| Waste Management, Inc. | 29338 | &nbsp;&nbsp; 6641830 |
|  |  | &nbsp;&nbsp; 12168559 |
| **Communications Equipment — 0.9%** | **Communications Equipment — 0.9%** |  |
| Arista Networks, Inc.<sup>(a)</sup> | 30681 | &nbsp;&nbsp; 4189490 |
| Motorola Solutions, Inc. | 9634 | &nbsp;&nbsp; 4551680 |
|  |  | &nbsp;&nbsp; 8741170 |
| **Construction & Engineering — 1.0%** | **Construction & Engineering — 1.0%** |  |
| AECOM | 6661 | &nbsp;&nbsp; 831892 |
| MasTec, Inc.<sup>(a)</sup> | 48791 | &nbsp;&nbsp; 8864837 |
|  |  | &nbsp;&nbsp; 9696729 |
| **Construction Materials — 0.0%** | **Construction Materials — 0.0%** |  |
| Martin Marietta Materials, Inc. | 289 | &nbsp;&nbsp; 178140 |
| **Consumer Finance — 1.4%** | **Consumer Finance — 1.4%** |  |
| American Express Co. | 40070 | &nbsp;&nbsp; 13274390 |
| **Consumer Staples Distribution & Retail — 2.8%** | **Consumer Staples Distribution & Retail — 2.8%** |  |
| Costco Wholesale Corp. | 8781 | &nbsp;&nbsp; 8283293 |
| Sprouts Farmers Market, Inc.<sup>(a)</sup> | 9865 | &nbsp;&nbsp; 1386427 |
| Walmart, Inc. | 162836 | &nbsp;&nbsp; 15791835 |
|  |  | &nbsp;&nbsp; 25461555 |
| **Containers & Packaging — 0.2%** | **Containers & Packaging — 0.2%** |  |
| Crown Holdings, Inc. | 19237 | &nbsp;&nbsp; 1911773 |
| **Diversified Consumer Services — 0.0%** | **Diversified Consumer Services — 0.0%** |  |
| Stride, Inc.<sup>(a)</sup> | 2362 | &nbsp;&nbsp; 385455 |
| **Diversified Telecommunication Services — 0.6%** | **Diversified Telecommunication Services — 0.6%** |  |
| AT&T, Inc. | 81598 | &nbsp;&nbsp; 2390005 |
| Verizon Communications, Inc. | 72016 | &nbsp;&nbsp; 3185268 |
|  |  | &nbsp;&nbsp; 5575273 |
| **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** |  |
| Entergy Corp. | 49742 | &nbsp;&nbsp; 4381773 |
| **Electrical Equipment — 0.5%** | **Electrical Equipment — 0.5%** |  |
| AMETEK, Inc. | 23074 | &nbsp;&nbsp; 4264075 |
| **Electronic Equipment, Instruments & Components — 0.2%** | **Electronic Equipment, Instruments & Components — 0.2%** |  |
| Keysight Technologies, Inc.<sup>(a)</sup> | 11170 | &nbsp;&nbsp; 1825513 |
| TE Connectivity PLC | 424 | &nbsp;&nbsp; 87556 |
|  |  | &nbsp;&nbsp; 1913069 |
| **Energy Equipment & Services — 0.0%** | **Energy Equipment & Services — 0.0%** |  |
| TechnipFMC PLC | 10769 | &nbsp;&nbsp; 395869 |
| **Entertainment**<sup>(a)</sup> **— 1.8%** | **Entertainment**<sup>(a)</sup> **— 1.8%** |  |
| Netflix, Inc. | 10606 | &nbsp;&nbsp; 12814699 |
| ROBLOX Corp., Class A | 16467 | &nbsp;&nbsp; 2051624 |
| Roku, Inc., Class A | 15022 | &nbsp;&nbsp; 1450524 |
|  |  | &nbsp;&nbsp; 16316847 |
| **Financial Services — 3.1%** | **Financial Services — 3.1%** |  |
| Berkshire Hathaway, Inc., Class B<sup>(a)</sup> | 18656 | &nbsp;&nbsp; 9383595 |
| Block, Inc., Class A<sup>(a)</sup> | 1897 | &nbsp;&nbsp; 151077 |
| Mastercard, Inc., Class A | 13599 | &nbsp;&nbsp; 8095349 |
| Visa, Inc., Class A | 31402 | &nbsp;&nbsp; 11046595 |
|  |  | &nbsp;&nbsp; 28676616 |

---

------

Schedule of Investments (unaudited)(continued)

August 31, 2025

**BlackRock Sustainable Advantage Large Cap Core Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Food Products — 0.2%** | **Food Products — 0.2%** |  |
| Tyson Foods, Inc., Class A | 32728 | &nbsp;&nbsp; $1858296 |
| **Ground Transportation — 0.7%** | **Ground Transportation — 0.7%** |  |
| Uber Technologies, Inc.<sup>(a)</sup> | 67189 | &nbsp;&nbsp; 6298969 |
| **Health Care Equipment & Supplies — 1.7%** | **Health Care Equipment & Supplies — 1.7%** |  |
| Boston Scientific Corp.<sup>(a)</sup> | 93325 | &nbsp;&nbsp; 9845787 |
| Intuitive Surgical, Inc.<sup>(a)</sup> | 5950 | &nbsp;&nbsp; 2816105 |
| Medtronic PLC | 32318 | &nbsp;&nbsp; 2999434 |
| Stryker Corp. | 624 | &nbsp;&nbsp; 244240 |
|  |  | &nbsp;&nbsp; 15905566 |
| **Health Care Providers & Services — 1.8%** | **Health Care Providers & Services — 1.8%** |  |
| Cardinal Health, Inc. | 51925 | &nbsp;&nbsp; 7725402 |
| Centene Corp.<sup>(a)</sup> | 44561 | &nbsp;&nbsp; 1294051 |
| Cigna Group | 2453 | &nbsp;&nbsp; 738034 |
| McKesson Corp. | 3100 | &nbsp;&nbsp; 2128584 |
| UnitedHealth Group, Inc. | 16025 | &nbsp;&nbsp; 4965667 |
|  |  | &nbsp;&nbsp; 16851738 |
| **Health Care REITs — 0.2%** | **Health Care REITs — 0.2%** |  |
| Ventas, Inc. | 17096 | &nbsp;&nbsp; 1163895 |
| Welltower, Inc. | 3381 | &nbsp;&nbsp; 568955 |
|  |  | &nbsp;&nbsp; 1732850 |
| **Health Care Technology — 0.1%** | **Health Care Technology — 0.1%** |  |
| Veeva Systems, Inc., Class A<sup>(a)</sup> | 1891 | &nbsp;&nbsp; 509057 |
| **Hotels, Restaurants & Leisure — 2.3%** | **Hotels, Restaurants & Leisure — 2.3%** |  |
| Airbnb, Inc., Class A<sup>(a)</sup> | 35981 | &nbsp;&nbsp; 4696600 |
| Booking Holdings, Inc. | 704 | &nbsp;&nbsp; 3941731 |
| Boyd Gaming Corp. | 1 | &nbsp;&nbsp; 86 |
| Chipotle Mexican Grill, Inc.<sup>(a)</sup> | 2387 | &nbsp;&nbsp; 100588 |
| DoorDash, Inc., Class A<sup>(a)</sup> | 14513 | &nbsp;&nbsp; 3559313 |
| McDonald's Corp. | 27723 | &nbsp;&nbsp; 8692270 |
|  |  | &nbsp;&nbsp; 20990588 |
| **Household Durables — 0.3%** | **Household Durables — 0.3%** |  |
| NVR, Inc.<sup>(a)</sup> | 395 | &nbsp;&nbsp; 3206472 |
| **Household Products — 0.2%** | **Household Products — 0.2%** |  |
| Procter & Gamble Co. | 10371 | &nbsp;&nbsp; 1628662 |
| **Industrial Conglomerates — 1.2%** | **Industrial Conglomerates — 1.2%** |  |
| Honeywell International, Inc. | 50929 | &nbsp;&nbsp; 11178916 |
| **Insurance — 1.8%** | **Insurance — 1.8%** |  |
| Allstate Corp. | 7083 | &nbsp;&nbsp; 1441036 |
| MetLife, Inc. | 52740 | &nbsp;&nbsp; 4290927 |
| Progressive Corp. | 27655 | &nbsp;&nbsp; 6832444 |
| Travelers Cos., Inc. | 13339 | &nbsp;&nbsp; 3621672 |
| Unum Group | 2831 | &nbsp;&nbsp; 197774 |
|  |  | &nbsp;&nbsp; 16383853 |
| **Interactive Media & Services — 7.1%** | **Interactive Media & Services — 7.1%** |  |
| Alphabet, Inc., Class A | 114256 | &nbsp;&nbsp; 24326245 |
| Alphabet, Inc., Class C | 72857 | &nbsp;&nbsp; 15557155 |
| Meta Platforms, Inc., Class A | 34817 | &nbsp;&nbsp; 25719318 |
|  |  | &nbsp;&nbsp; 65602718 |
| **IT Services — 0.9%** | **IT Services — 0.9%** |  |
| Accenture PLC, Class A | 15470 | &nbsp;&nbsp; 4021736 |
| Cognizant Technology Solutions Corp., Class A | 52086 | &nbsp;&nbsp; 3763213 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **IT Services (continued)** | **IT Services (continued)** |  |
| International Business Machines Corp. | 1198 | &nbsp;&nbsp; $291701 |
| Snowflake, Inc., Class A<sup>(a)</sup> | 624 | &nbsp;&nbsp; 148924 |
|  |  | &nbsp;&nbsp; 8225574 |
| **Machinery — 1.3%** | **Machinery — 1.3%** |  |
| Caterpillar, Inc. | 19376 | &nbsp;&nbsp; 8119319 |
| Mueller Industries, Inc. | 37142 | &nbsp;&nbsp; 3563404 |
|  |  | &nbsp;&nbsp; 11682723 |
| **Media — 0.2%** | **Media — 0.2%** |  |
| Comcast Corp., Class A | 46804 | &nbsp;&nbsp; 1589932 |
| Fox Corp., Class A | 2433 | &nbsp;&nbsp; 145250 |
| Fox Corp., Class B | 2088 | &nbsp;&nbsp; 113900 |
|  |  | &nbsp;&nbsp; 1849082 |
| **Metals & Mining — 0.6%** | **Metals & Mining — 0.6%** |  |
| Carpenter Technology Corp. | 7761 | &nbsp;&nbsp; 1869470 |
| Newmont Corp. | 45502 | &nbsp;&nbsp; 3385349 |
|  |  | &nbsp;&nbsp; 5254819 |
| **Multi-Utilities — 0.5%** | **Multi-Utilities — 0.5%** |  |
| Consolidated Edison, Inc. | 48313 | &nbsp;&nbsp; 4745786 |
| **Oil, Gas & Consumable Fuels — 2.0%** | **Oil, Gas & Consumable Fuels — 2.0%** |  |
| Antero Resources Corp.<sup>(a)</sup> | 18790 | &nbsp;&nbsp; 599777 |
| Cheniere Energy, Inc. | 1269 | &nbsp;&nbsp; 306870 |
| Chevron Corp. | 3754 | &nbsp;&nbsp; 602892 |
| Coterra Energy, Inc. | 8928 | &nbsp;&nbsp; 218200 |
| Devon Energy Corp. | 60308 | &nbsp;&nbsp; 2177119 |
| Expand Energy Corp. | 36094 | &nbsp;&nbsp; 3493177 |
| Exxon Mobil Corp. | 34213 | &nbsp;&nbsp; 3910204 |
| Ovintiv, Inc. | 54024 | &nbsp;&nbsp; 2275491 |
| Williams Cos., Inc. | 88385 | &nbsp;&nbsp; 5115724 |
|  |  | &nbsp;&nbsp; 18699454 |
| **Passenger Airlines — 0.3%** | **Passenger Airlines — 0.3%** |  |
| Alaska Air Group, Inc.<sup>(a)</sup> | 11077 | &nbsp;&nbsp; 695414 |
| Delta Air Lines, Inc. | 29893 | &nbsp;&nbsp; 1846790 |
|  |  | &nbsp;&nbsp; 2542204 |
| **Pharmaceuticals — 3.2%** | **Pharmaceuticals — 3.2%** |  |
| Bristol-Myers Squibb Co. | 157921 | &nbsp;&nbsp; 7450713 |
| Eli Lilly & Co. | 12367 | &nbsp;&nbsp; 9059817 |
| Johnson & Johnson | 22858 | &nbsp;&nbsp; 4049752 |
| Pfizer, Inc. | 349727 | &nbsp;&nbsp; 8659240 |
|  |  | &nbsp;&nbsp; 29219522 |
| **Professional Services — 0.3%** | **Professional Services — 0.3%** |  |
| TransUnion | 17162 | &nbsp;&nbsp; 1517121 |
| Verisk Analytics, Inc. | 3326 | &nbsp;&nbsp; 891767 |
|  |  | &nbsp;&nbsp; 2408888 |
| **Retail REITs — 1.2%** | **Retail REITs — 1.2%** |  |
| Kimco Realty Corp. | 464906 | &nbsp;&nbsp; 10455736 |
| Simon Property Group, Inc. | 3456 | &nbsp;&nbsp; 624361 |
|  |  | &nbsp;&nbsp; 11080097 |
| **Semiconductors & Semiconductor Equipment — 11.8%** | **Semiconductors & Semiconductor Equipment — 11.8%** |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 6762 | &nbsp;&nbsp; 1099704 |
| Broadcom, Inc. | 66337 | &nbsp;&nbsp; 19727960 |
| Credo Technology Group Holding Ltd.<sup>(a)</sup> | 17129 | &nbsp;&nbsp; 2107809 |
| Intel Corp. | 39434 | &nbsp;&nbsp; 960218 |
| KLA Corp. | 388 | &nbsp;&nbsp; 338336 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

August 31, 2025

**BlackRock Sustainable Advantage Large Cap Core Fund** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** |  |
| Lam Research Corp. | 85197 | &nbsp;&nbsp; $8532480 |
| Marvell Technology, Inc. | 5600 | &nbsp;&nbsp; 352044 |
| Micron Technology, Inc. | 3376 | &nbsp;&nbsp; 401778 |
| NVIDIA Corp. | 397774 | &nbsp;&nbsp; 69284275 |
| QUALCOMM, Inc. | 33316 | &nbsp;&nbsp; 5354881 |
| Rambus, Inc.<sup>(a)</sup> | 12881 | &nbsp;&nbsp; 950231 |
|  |  | &nbsp;&nbsp; 109109716 |
| **Software — 12.3%** | **Software — 12.3%** |  |
| Adobe, Inc.<sup>(a)</sup> | 15534 | &nbsp;&nbsp; 5540978 |
| Atlassian Corp., Class A<sup>(a)</sup> | 10332 | &nbsp;&nbsp; 1836823 |
| Confluent, Inc., Class A<sup>(a)</sup> | 52401 | &nbsp;&nbsp; 1040684 |
| Elastic NV<sup>(a)</sup> | 24859 | &nbsp;&nbsp; 2114507 |
| Fair Isaac Corp.<sup>(a)</sup> | 1418 | &nbsp;&nbsp; 2157686 |
| Figma, Inc., Class A<sup>(a)</sup> | 3526 | &nbsp;&nbsp; 247807 |
| HubSpot, Inc.<sup>(a)</sup> | 10396 | &nbsp;&nbsp; 5023035 |
| Intuit, Inc. | 13264 | &nbsp;&nbsp; 8847088 |
| Microsoft Corp. | 124506 | &nbsp;&nbsp; 63085945 |
| Nutanix, Inc., Class A<sup>(a)</sup> | 10299 | &nbsp;&nbsp; 692196 |
| Palantir Technologies, Inc., Class A<sup>(a)</sup> | 45590 | &nbsp;&nbsp; 7144409 |
| Palo Alto Networks, Inc.<sup>(a)</sup> | 1472 | &nbsp;&nbsp; 280445 |
| Rubrik, Inc., Class A<sup>(a)</sup> | 1502 | &nbsp;&nbsp; 134279 |
| Salesforce, Inc. | 26926 | &nbsp;&nbsp; 6899787 |
| ServiceNow, Inc.<sup>(a)</sup> | 8864 | &nbsp;&nbsp; 8132365 |
|  |  | &nbsp;&nbsp; 113178034 |
| **Specialized REITs — 0.4%** | **Specialized REITs — 0.4%** |  |
| CubeSmart | 28110 | &nbsp;&nbsp; 1150261 |
| Digital Realty Trust, Inc. | 567 | &nbsp;&nbsp; 95052 |
| Equinix, Inc. | 3263 | &nbsp;&nbsp; 2565338 |
|  |  | &nbsp;&nbsp; 3810651 |
| **Specialty Retail — 2.4%** | **Specialty Retail — 2.4%** |  |
| Best Buy Co., Inc. | 1704 | &nbsp;&nbsp; 125483 |
| Carvana Co., Class A<sup>(a)</sup> | 4144 | &nbsp;&nbsp; 1541236 |
| Five Below, Inc.<sup>(a)</sup> | 1861 | &nbsp;&nbsp; 270031 |
| Home Depot, Inc. | 40167 | &nbsp;&nbsp; 16338731 |
| TJX Cos., Inc. | 28286 | &nbsp;&nbsp; 3864150 |
|  |  | &nbsp;&nbsp; 22139631 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Technology Hardware, Storage & Peripherals — 6.8%** | **Technology Hardware, Storage & Peripherals — 6.8%** |  |
| Apple, Inc. | 263021 | &nbsp;&nbsp; $61057695 |
| Dell Technologies, Inc., Class C | 15413 | &nbsp;&nbsp; 1882698 |
|  |  | &nbsp;&nbsp; 62940393 |
| **Textiles, Apparel & Luxury Goods — 0.8%** | **Textiles, Apparel & Luxury Goods — 0.8%** |  |
| Tapestry, Inc. | 73137 | &nbsp;&nbsp; 7446809 |
| **Trading Companies & Distributors — 0.5%** | **Trading Companies & Distributors — 0.5%** |  |
| Applied Industrial Technologies, Inc. | 17781 | &nbsp;&nbsp; 4686716 |
| **Wireless Telecommunication Services — 0.4%** | **Wireless Telecommunication Services — 0.4%** |  |
| T-Mobile U.S., Inc. | 15670 | &nbsp;&nbsp; 3948683 |
| **Total Long-Term Investments — 99.5%** <br>**(Cost: $631,435,804)** | **Total Long-Term Investments — 99.5%** <br>**(Cost: $631,435,804)** | &nbsp;&nbsp; 918748314 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.5%** | **Money Market Funds — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional Shares, <br> 4.16%<sup>(c)(d)</sup><br>| 4378793 | &nbsp;&nbsp; 4378793 |
| **Total Short-Term Securities — 0.5%** <br>**(Cost: $4,378,793)** | **Total Short-Term Securities — 0.5%** <br>**(Cost: $4,378,793)** | &nbsp;&nbsp; 4378793 |
| **Total Investments — 100.0%** <br>**(Cost: $635,814,597)** | **Total Investments — 100.0%** <br>**(Cost: $635,814,597)** | &nbsp;&nbsp; 923127107 |
| **Liabilities in Excess of Other Assets — 0.0%** | **Liabilities in Excess of Other Assets — 0.0%** | &nbsp;&nbsp; (272937)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $922854170 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(c)</sup> Affiliate of the Fund.

<sup>(d)</sup> Annualized 7-day yield as of period end.

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended August 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*05/31/25*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*08/31/25*<br>| *Shares* <br>*Held at* <br>*08/31/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL Agency Shares<sup>(a)</sup> | &nbsp;&nbsp; $—<br> $34 <br><sup>(b)</sup><br>| &nbsp;&nbsp; $— | $(34)<br>| $— | $— |  | $170 <br><sup>(c)</sup><br>| &nbsp;&nbsp; $— |
| BlackRock Liquidity Funds, T-Fund, Institutional Shares | &nbsp;&nbsp; 3707083<br> 671710 <br><sup>(b)</sup><br>| &nbsp;&nbsp; — |  |  | 4378793 | 4378793 | 42104 | &nbsp;&nbsp; — |
|  |  |  | $(34)<br>| $— | $4378793 |  | $42274 | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> As of period end, the entity is no longer held.

<sup>(b)</sup> Represents net amount purchased (sold).

<sup>(c)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

------

Schedule of Investments (unaudited)(continued)

August 31, 2025

**BlackRock Sustainable Advantage Large Cap Core Fund** 

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; S&P 500 E-Mini Index | &nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; $5502 | &nbsp;&nbsp;&nbsp;&nbsp; $38432 |

---

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; $918734585 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $13729 | &nbsp;&nbsp;&nbsp;&nbsp; $918748314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 4378793 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4378793 |
|  | &nbsp;&nbsp; $923113378 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $13729 | &nbsp;&nbsp;&nbsp;&nbsp; $923127107 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $38432 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $38432 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| S&P | Standard & Poor's |

---

Schedule of Investments

------

## 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 Sustainable Advantage Large Cap Core Fund

- **b. EDGAR series identifier (if any):** S000051092

- **c. LEI of Series:** 5493008RIHC1TBXSKI49

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

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

- **b. Date as of which information is reported:** 2025-08-31

**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:** $927243289.00

**Total Liabilities:** $3375618.07

**Net Assets:** $923867670.93

**Cash Not Reported:** $304595.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000160934 | 5.09%                | 2.15%                | 2.35%                |
| Class ID C000160936 | 5.15%                | 2.13%                | 2.38%                |
| Class ID C000166019 | 5.14%                | 2.15%                | 2.38%                |
| Class ID C000160935 | 5.04%                | 2.07%                | 2.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7926652.57              | $35378655.98                               |
| Month 2  | $8307385.16              | $10276907.07                               |
| Month 3  | $5286995.59              | $15606550.63                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Honeywell International Inc          | Honeywell International Inc                             | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     50929 | NS      | $11178915.50  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc            | Ionis Pharmaceuticals Inc                               | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     21820 | NS      | $930295.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp            | Carpenter Technology Corp                               | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      7761 | NS      | $1869469.68   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                       | Salesforce Inc                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     26926 | NS      | $6899787.50   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                           | Intuit Inc                                              | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     13264 | NS      | $8847088.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc            | United Parcel Service Inc                               | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     18226 | NS      | $1593681.44   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                        | Accenture PLC                                           | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     15470 | NS      | $4021735.90   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                           | AMETEK Inc                                              | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     23074 | NS      | $4264075.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                        | Welltower Inc                                           | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |      3381 | NS      | $568954.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc           | Chipotle Mexican Grill Inc                              | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2387 | NS      | $100588.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                 | Progressive Corp/The                                    | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     27655 | NS      | $6832444.30   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                       | Atlassian Corp                                          | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     10332 | NS      | $1836822.96   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                    | Johnson & Johnson                                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     20785 | NS      | $3682478.45   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                      | McDonald's Corp                                         | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     27723 | NS      | $8692269.42   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc               | UnitedHealth Group Inc                                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     16025 | NS      | $4965666.75   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp | International Business Machines Corp                    | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1198 | NS      | $291701.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc        | Interactive Brokers Group Inc                           | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      4477 | NS      | $278648.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                           | AbbVie Inc                                              | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     33750 | NS      | $7101000.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA BLUEPRINT MEDIC               | CONTRA BLUEPRINT MEDIC                                  | CUSIP: 096CVR048<br>LEI: 5299004CC60O9T5HVM83 | Long             |  | CORP              | US        |     14154 | NS      | $13729.38     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Ventas Inc                           | Ventas Inc                                              | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |     17096 | NS      | $1163895.68   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                | Costco Wholesale Corp                                   | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      8781 | NS      | $8283292.92   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc           | Sprouts Farmers Market Inc                              | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      9865 | NS      | $1386427.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                | Uber Technologies Inc                                   | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     67189 | NS      | $6298968.75   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp  | Cognizant Technology Solutions Corp                     | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     52086 | NS      | $3763213.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                             | eBay Inc                                                | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      6402 | NS      | $580085.22    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                        | Owens Corning                                           | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     13249 | NS      | $1989602.33   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                | Micron Technology Inc                                   | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3376 | NS      | $401777.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                 | Williams Cos Inc/The                                    | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     88385 | NS      | $5115723.80   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                          | HubSpot Inc                                             | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     10396 | NS      | $5023035.32   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds            | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   4378793 | NS      | $4378793.37   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                        | Citigroup Inc                                           | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     28522 | NS      | $2754369.54   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The | PNC Financial Services Group Inc/The                    | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     32062 | NS      | $6650941.28   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                  | Cheniere Energy Inc                                     | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      3562 | NS      | $861362.84    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                         | Comcast Corp                                            | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     46804 | NS      | $1589931.88   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc  | Applied Industrial Technologies Inc                     | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     17781 | NS      | $4686715.98   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                         | Moody's Corp                                            | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      3312 | NS      | $1688325.12   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                             | Fox Corp                                                | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      2433 | NS      | $145250.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                            | CubeSmart                                               | CUSIP: 229663109<br>LEI: 549300MPHKO3I3FJRA97 | Long             | EC               |  | US        |     28110 | NS      | $1150261.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                           | Carvana Co                                              | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      4602 | NS      | $1711575.84   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                          | Cintas Corp                                             | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26314 | NS      | $5526729.42   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange          | S+P500 EMINI FUT SEP25                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        16 | NC      | $38561.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                        | Medtronic PLC                                           | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     32318 | NS      | $2999433.58   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                          | Corteva Inc                                             | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    148081 | NS      | $10986129.39  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc           | Advanced Micro Devices Inc                              | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      6762 | NS      | $1099704.06   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH         | Huntington Bancshares Inc/OH                            | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    153038 | NS      | $2725606.78   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                          | PepsiCo Inc                                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     41693 | NS      | $6197664.45   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                         | Centene Corp                                            | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     44561 | NS      | $1294051.44   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                | Dell Technologies Inc                                   | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     15413 | NS      | $1882697.95   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                         | Alphabet Inc                                            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    121144 | NS      | $25792769.04  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                             | Visa Inc                                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     31402 | NS      | $11046595.56  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                   | Crown Holdings Inc                                      | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     19237 | NS      | $1911773.06   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp               | Boston Scientific Corp                                  | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     93325 | NS      | $9845787.50   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                    | Lam Research Corp                                       | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     84309 | NS      | $8443546.35   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                            | Block Inc                                               | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      3463 | NS      | $275793.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The              | Procter & Gamble Co/The                                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     10371 | NS      | $1628661.84   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                           | MasTec Inc                                              | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     48791 | NS      | $8864836.79   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp             | United Therapeutics Corp                                | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      3757 | NS      | $1144983.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III                  | BlackRock Cash Funds: Institutional, SL Agency Shares   | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   1247376 | NS      | $1248000.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc       | Armstrong World Industries Inc                          | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      5532 | NS      | $1082999.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                       | Microsoft Corp                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    124506 | NS      | $63085945.14  | 6.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                      | Tyson Foods Inc                                         | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     32728 | NS      | $1858295.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                    | Veeva Systems Inc                                       | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      1891 | NS      | $509057.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                  | Axon Enterprise Inc                                     | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      4043 | NS      | $3021293.47   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc        | Intercontinental Exchange Inc                           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      6376 | NS      | $1126001.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                          | Moderna Inc                                             | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     21180 | NS      | $510226.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC               | Trane Technologies PLC                                  | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       689 | NS      | $286348.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                         | Newmont Corp                                            | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     45502 | NS      | $3385348.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                | AECOM                                                   | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      6661 | NS      | $831892.29    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                          | NVIDIA Corp                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    397774 | NS      | $69284275.32  | 7.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                      | Best Buy Co Inc                                         | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      3350 | NS      | $246694.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                           | Rubrik Inc                                              | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |      1502 | NS      | $134278.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc   | Johnson Controls International plc                      | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     25148 | NS      | $2688069.72   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                            | Adobe Inc                                               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     15534 | NS      | $5540977.80   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                 | Waste Management Inc                                    | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     29338 | NS      | $6641829.82   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                         | Entergy Corp                                            | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     49742 | NS      | $4381772.78   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                         | Alphabet Inc                                            | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     72857 | NS      | $15557155.21  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                      | Cigna Group/The                                         | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      2453 | NS      | $738034.11    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                          | Walmart Inc                                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    162836 | NS      | $15791835.28  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                     | Coca-Cola Co/The                                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      1532 | NS      | $105692.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                           | TransUnion                                              | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     17162 | NS      | $1517120.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                           | Airbnb Inc                                              | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     35981 | NS      | $4696599.93   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                     | Exxon Mobil Corp                                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     45768 | NS      | $5230824.72   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                          | Nutanix Inc                                             | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     10299 | NS      | $692195.79    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                 | Alaska Air Group Inc                                    | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     11077 | NS      | $695414.06    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc            | Palantir Technologies Inc                               | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     44925 | NS      | $7040196.75   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc               | Marvell Technology Inc                                  | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5600 | NS      | $352044.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc              | Consolidated Edison Inc                                 | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     48313 | NS      | $4745785.99   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                           | Rambus Inc                                              | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     12881 | NS      | $950231.37    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc        | Martin Marietta Materials Inc                           | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |       289 | NS      | $178139.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                      | TJX Cos Inc/The                                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     25709 | NS      | $3512106.49   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                          | Incyte Corp                                             | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     17394 | NS      | $1471706.34   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc               | Berkshire Hathaway Inc                                  | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     18656 | NS      | $9383594.88   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                         | DoorDash Inc                                            | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     14513 | NS      | $3559313.25   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                          | Netflix Inc                                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     10606 | NS      | $12814699.50  | 1.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Kimco Realty Corp                    | Kimco Realty Corp                                       | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               | CORP              | US        |    464906 | NS      | $10455735.94  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc               | Intuitive Surgical Inc                                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      5493 | NS      | $2599809.44   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                       | Mastercard Inc                                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     13599 | NS      | $8095348.71   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                             | AT&T Inc                                                | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     81598 | NS      | $2390005.42   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                         | Broadcom Inc                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     66337 | NS      | $19727960.43  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                 | Bank of America Corp                                    | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    278505 | NS      | $14131343.70  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                           | Unum Group                                              | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      2831 | NS      | $197773.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                           | HEICO Corp                                              | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       624 | NS      | $194700.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                            | Tesla Inc                                               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     43543 | NS      | $14537701.41  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                   | Home Depot Inc/The                                      | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     40167 | NS      | $16338730.59  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                           | Intel Corp                                              | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     44720 | NS      | $1088932.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                       | BorgWarner Inc                                          | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    158261 | NS      | $6767240.36   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc      | Pinnacle Financial Partners Inc                         | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      2442 | NS      | $237411.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                           | FedEx Corp                                              | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     45430 | NS      | $10497510.10  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                  | Arista Networks Inc                                     | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     28344 | NS      | $3870373.20   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                       | TechnipFMC PLC                                          | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     10769 | NS      | $395868.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                       | ServiceNow Inc                                          | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      8712 | NS      | $7992911.52   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The              | Charles Schwab Corp/The                                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     74261 | NS      | $7117174.24   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                          | MetLife Inc                                             | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     52740 | NS      | $4290926.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd   | Credo Technology Group Holding Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     17129 | NS      | $2107809.10   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                   | Meta Platforms Inc                                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     34817 | NS      | $25719317.90  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                           | Pfizer Inc                                              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    349727 | NS      | $8659240.52   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc           | Verizon Communications Inc                              | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     72016 | NS      | $3185267.68   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                             | RTX Corp                                                | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     34296 | NS      | $5439345.60   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Figma Inc                            | Figma Inc                                               | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Long             | EC               | CORP              | US        |      3526 | NS      | $247807.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                             | Fox Corp                                                | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      2088 | NS      | $113900.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                       | Blackstone Inc                                          | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     25863 | NS      | $4432918.20   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                           | Elastic NV                                              | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |     24859 | NS      | $2114506.54   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                    | Allstate Corp/The                                       | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      7083 | NS      | $1441036.35   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                  | Cardinal Health Inc                                     | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     51925 | NS      | $7725401.50   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc               | Mueller Industries Inc                                  | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     37142 | NS      | $3563403.48   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                     | Boyd Gaming Corp                                        | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |         1 | NS      | $85.86        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                    | Devon Energy Corp                                       | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     60308 | NS      | $2177118.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc             | Simon Property Group Inc                                | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |      3456 | NS      | $624360.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc        | Ultragenyx Pharmaceutical Inc                           | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |      9162 | NS      | $274493.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                           | Insmed Inc                                              | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |      8534 | NS      | $1161477.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                       | Morgan Stanley                                          | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     65539 | NS      | $9862308.72   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                      | Caterpillar Inc                                         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     19376 | NS      | $8119319.04   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                         | QUALCOMM Inc                                            | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     33316 | NS      | $5354880.68   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                           | Natera Inc                                              | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19835 | NS      | $3337238.75   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc             | Ameriprise Financial Inc                                | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       384 | NS      | $197687.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                       | Five Below Inc                                          | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      1861 | NS      | $270031.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                             | KLA Corp                                                | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       388 | NS      | $338336.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                              | NVR Inc                                                 | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       395 | NS      | $3206471.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                        | McKesson Corp                                           | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3100 | NS      | $2128584.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                | Antero Resources Corp                                   | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     18790 | NS      | $599776.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                 | Verisk Analytics Inc                                    | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3326 | NS      | $891767.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                         | Tapestry Inc                                            | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     73137 | NS      | $7446809.34   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc            | Keysight Technologies Inc                               | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     11170 | NS      | $1825513.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                          | ROBLOX Corp                                             | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16467 | NS      | $2051623.53   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                          | Ovintiv Inc                                             | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     54024 | NS      | $2275490.88   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                            | Apple Inc                                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    263021 | NS      | $61057694.94  | 6.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                             | Roku Inc                                                | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |     15022 | NS      | $1450524.32   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc        | Regeneron Pharmaceuticals Inc                           | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     10260 | NS      | $5957982.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                           | HEICO Corp                                              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     21464 | NS      | $5258894.64   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc              | Cboe Global Markets Inc                                 | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1398 | NS      | $329858.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc             | Digital Realty Trust Inc                                | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |       567 | NS      | $95051.88     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                           | Nasdaq Inc                                              | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     29969 | NS      | $2839263.06   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                      | T-Mobile US Inc                                         | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     15670 | NS      | $3948683.30   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                | Travelers Cos Inc/The                                   | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     13339 | NS      | $3621671.89   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                  | Delta Air Lines Inc                                     | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     29893 | NS      | $1846789.54   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                 | Booking Holdings Inc                                    | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       704 | NS      | $3941731.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                          | Equinix Inc                                             | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      3263 | NS      | $2565337.97   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                   | Expand Energy Corp                                      | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     34353 | NS      | $3324683.34   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                       | Eli Lilly & Co                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     12367 | NS      | $9059816.86   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                  | JPMorgan Chase & Co                                     | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     28149 | NS      | $8484671.58   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                       | Amazon.com Inc                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    162318 | NS      | $37170822.00  | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc               | Motorola Solutions Inc                                  | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      9634 | NS      | $4551679.64   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                      | Fair Isaac Corp                                         | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1418 | NS      | $2157685.52   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                           | Stride Inc                                              | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |      2362 | NS      | $385454.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co              | Bristol-Myers Squibb Co                                 | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    157921 | NS      | $7450712.78   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                  | American Express Co                                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     40070 | NS      | $13274389.60  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                  | Gilead Sciences Inc                                     | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     59674 | NS      | $6741371.78   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent Inc                        | Confluent Inc                                           | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     52401 | NS      | $1040683.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer