# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0002071691-26-007338
**Filing Date:** 2026-3
**Character Count:** 39238
**Document Hash:** 522a47e93545979ffa2d507dbfe925ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-007338.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002071691-26-007338

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20260430

**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:** 26803350

**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 Emerging Markets ex-China Fund (Series ID: S000079513)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000240569 | Investor A    |  |
| C000240570 | Institutional |  |
| C000240571 | 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 Emerging Markets ex-China Fund

- **b. EDGAR series identifier (if any):** S000079513

- **c. LEI of Series:** 54930097DVGOQT72PU34

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**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:** $17044896.47

**Total Liabilities:** $415776.79

**Net Assets:** $16629119.68

**Cash Not Reported:** $11756.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240569 | 0.29%                | 3.45%                | 9.18%                |
| Class ID C000240570 | 0.22%                | 3.53%                | 9.17%                |
| Class ID C000240571 | 0.29%                | 3.48%                | 9.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-107521.79              | $156524.62                                 |
| Month 2  | $54354.09                | $415686.27                                 |
| Month 3  | $127852.35               | $1280204.86                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CG Power & Industrial Solutions Ltd.                    | CG Power & Industrial Solutions Ltd.                    | CUSIP: N/A<br>LEI: 335800KN5UTZKUZN2703       | Long             | EC               | CORP              | IN        |     11558 | NS      | $73636.09     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd.                                                | Sea Ltd., Class A                                       | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       737 | NS      | $85853.13     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                   | Sociedad Quimica y Minera de Chile SA                   | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |       976 | NS      | $74995.84     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank (The)                               | Saudi National Bank (The)                               | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |      3666 | NS      | $43846.95     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Malayan Banking Bhd.                                    | Malayan Banking Bhd.                                    | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |     65100 | NS      | $194836.46    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| KEC International Ltd.                                  | KEC International Ltd.                                  | CUSIP: N/A<br>LEI: 335800UCWKGDJBU7ZT31       | Long             | EC               | CORP              | IN        |     16853 | NS      | $122586.78    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Varun Beverages Ltd.                                    | Varun Beverages Ltd.                                    | CUSIP: N/A<br>LEI: 33580058NWEMWBDNMD48       | Long             | EC               | CORP              | IN        |     22386 | NS      | $114668.45    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | Cyrela Brazil Realty SA Empreendimentos e Participacoes | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     44757 | NS      | $253944.04    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | FPT Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     20120 | NS      | $7097.47      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | FPT Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |      6680 | NS      | $2357.82      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd.                              | Capitec Bank Holdings Ltd.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |       897 | NS      | $240838.91    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Becle SAB de CV                                         | Becle SAB de CV                                         | CUSIP: N/A<br>LEI: 529900JY55CZKMJLCE09       | Long             | EC               | CORP              | MX        |     46915 | NS      | $49341.82     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Britannia Industries Ltd.                               | Britannia Industries Ltd.                               | CUSIP: N/A<br>LEI: 335800RRN5EVHNNAXN80       | Long             | EC               | CORP              | IN        |      1172 | NS      | $74667.82     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Rupiah                                                  | Rupiah                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ID        |        -1 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| XP, Inc.                                                | XP, Inc., Class A                                       | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |     13392 | NS      | $261277.92    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                    | Fomento Economico Mexicano SAB de CV                    | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | MX        |      3642 | NS      | $38012.18     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.             | Taiwan Semiconductor Manufacturing Co. Ltd.             | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     49000 | NS      | $2709500.92   | 16.29%            |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                               | Kia Corp.                                               | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      2038 | NS      | $216849.76    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| New Turkish Lira                                        | New Turkish Lira                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | TR        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexican Peso                                            | Mexican Peso                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | MX        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | ICICI Bank Ltd.                                         | CUSIP: 45104G104<br>LEI: N/A                  | N/A              | DE               |  | US        |      2660 | NS      | $-5399.80     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                   | Emaar Properties PJSC                                   | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |     37037 | NS      | $151507.04    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Akbank TAS                                              | Akbank TAS                                              | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |    112422 | NS      | $240477.52    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                              | Bank Polska Kasa Opieki SA                              | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |      2926 | NS      | $177953.51    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                        | Powszechny Zaklad Ubezpieczen SA                        | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |      8539 | NS      | $168016.25    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                    | Fomento Economico Mexicano SAB de CV                    | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |       390 | NS      | $40700.40     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Life Insurance Co. Ltd.                            | HDFC Life Insurance Co. Ltd.                            | CUSIP: N/A<br>LEI: 335800RQI8GAFHIRGZ37       | Long             | EC               | CORP              | IN        |     28512 | NS      | $226774.82    | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Axis Bank Ltd.                                          | CUSIP: 05462W109<br>LEI: N/A                  | N/A              | DE               |  | GB        |       477 | NS      | $1432.04      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk. PT                               | Bank Central Asia Tbk. PT                               | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |    295000 | NS      | $130345.58    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                          | HDFC Bank Ltd.                                          | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |     28318 | NS      | $286331.10    | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                            | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |        44 | NS      | $121128.52    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Salik Co. PJSC                                          | Salik Co. PJSC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |     51600 | NS      | $89641.39     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hansol Chemical Co. Ltd.                                | Hansol Chemical Co. Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       649 | NS      | $126362.25    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                            | Wal-Mart de Mexico SAB de CV                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     30333 | NS      | $96261.63     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Aneka Tambang Tbk.                                      | Aneka Tambang Tbk.                                      | CUSIP: N/A<br>LEI: 529900LRE2NALSSHMB80       | Long             | EC               | CORP              | ID        |    129400 | NS      | $31856.25     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Bank SA                                           | Alpha Bank SA                                           | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |     35605 | NS      | $170439.89    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D'Or Sao Luiz SA                                   | Rede D'Or Sao Luiz SA                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     32887 | NS      | $264270.81    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Krungthai Card PCL                                      | Krungthai Card PCL                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    128000 | NS      | $116399.13    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Rabigh Refining & Petrochemical Co.                     | Rabigh Refining & Petrochemical Co.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     53315 | NS      | $101169.12    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Emaar Properties PJSC                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      6971 | NS      | $711.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk. PT                   | Bank Rakyat Indonesia Persero Tbk. PT                   | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |    457300 | NS      | $103808.92    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Pepkor Holdings Ltd.                                    | Pepkor Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 3789006D677C34F69875       | Long             | EC               | CORP              | ZA        |     56608 | NS      | $92496.11     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                               | BlackRock Liquidity Funds, T-Fund, Institutional Class  | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |    484255 | NS      | $484254.83    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Godrej Properties Ltd.                                  | Godrej Properties Ltd.                                  | CUSIP: N/A<br>LEI: 335800KM3Y5NZWXOE183       | Long             | EC               | CORP              | IN        |      5454 | NS      | $93622.09     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp.                                      | Kinross Gold Corp.                                      | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |      5918 | NS      | $186772.08    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co. Ltd.                                    | Samsung SDI Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |       264 | NS      | $71062.52     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                           | Al Rajhi Bank                                           | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      4864 | NS      | $138897.90    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co. Ltd.                         | ASE Technology Holding Co. Ltd.                         | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |     14000 | NS      | $130159.54    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co. Ltd.                                 | Elite Material Co. Ltd.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      4000 | NS      | $216970.18    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                          | MediaTek, Inc.                                          | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |      5000 | NS      | $277352.68    | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| New Taiwan Dollar                                       | New Taiwan Dollar                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |         3 | OU      | $0.10         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt.                                          | OTP Bank Nyrt.                                          | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      2906 | NS      | $365667.93    | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                        | Apollo Hospitals Enterprise Ltd.                        | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |      2240 | NS      | $169633.48    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LPP SA                                                  | LPP SA                                                  | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752       | Long             | EC               | CORP              | PL        |        37 | NS      | $204333.61    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                 | Accton Technology Corp.                                 | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |      9000 | NS      | $314669.28    | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp.                             | President Chain Store Corp.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     11000 | NS      | $74691.95     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Azzas 2154 SA                                           | Azzas 2154 SA                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     10931 | NS      | $55540.34     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                                | Reliance Industries Ltd.                                | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |     13478 | NS      | $204797.34    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Square Co. Ltd.                                      | SK Square Co. Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1371 | NS      | $536679.87    | 3.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV              | Grupo Aeroportuario del Pacifico SAB de CV              | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |       560 | NS      | $153949.60    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA             | Powszechna Kasa Oszczednosci Bank Polski SA             | CUSIP: N/A<br>LEI: P4GTT6GF1W40CVIMFR43       | Long             | EC               | CORP              | PL        |       663 | NS      | $17245.21     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      2742 | NS      | $80313.18     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BBB Foods, Inc.                                         | BBB Foods, Inc., Class A                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |      2244 | NS      | $78293.16     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Rupee                                            | Indian Rupee                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |   1141706 | OU      | $12411.54     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp.                                        | ERO Copper Corp.                                        | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |      7897 | NS      | $264924.88    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Electric Co. Ltd.                            | HD Hyundai Electric Co. Ltd.                            | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |       309 | NS      | $189307.23    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group, Inc.                                | KB Financial Group, Inc.                                | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |      1905 | NS      | $178306.52    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd.                                   | UltraTech Cement Ltd.                                   | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |      1243 | NS      | $171797.92    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Brazilian Real                                          | Brazilian Real                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | BR        |         0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Forint                                                  | Forint                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HU        |         1 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics, Inc.                                 | Delta Electronics, Inc.                                 | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |      7000 | NS      | $267136.44    | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix, Inc.                                          | SK hynix, Inc.                                          | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      1381 | NS      | $862265.29    | 5.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanil Electric Co. Ltd.                                 | Sanil Electric Co. Ltd.                                 | CUSIP: N/A<br>LEI: 988400KW0ZAP6QNYIX16       | Long             | EC               | CORP              | KR        |       744 | NS      | $75479.82     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Ez Tec Empreendimentos e Participacoes S/A              | Ez Tec Empreendimentos e Participacoes S/A              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     75023 | NS      | $214972.56    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Amber Enterprises India Ltd.                            | Amber Enterprises India Ltd.                            | CUSIP: N/A<br>LEI: 3358009JZU4XT3666G06       | Long             | EC               | CORP              | IN        |       143 | NS      | $8902.18      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp.                                            | Wiwynn Corp.                                            | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |      3000 | NS      | $336276.43    | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang, Inc.                                           | Coupang, Inc., Class A                                  | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |      5269 | NS      | $106223.04    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                | Mahindra & Mahindra Ltd.                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |      2321 | NS      | $87733.80     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |      6454 | NS      | $95148.92     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                         | Lojas Renner SA                                         | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |     38928 | NS      | $110879.43    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Won                                                     | Won                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | KR        |       -34 | OU      | $-0.02        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd.                                          | Axis Bank Ltd.                                          | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |       881 | NS      | $65284.02     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                       | BDO Unibank, Inc.                                       | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |     47200 | NS      | $108179.44    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd. (Preference)               | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EP               | CORP              | KR        |      2804 | NS      | $227127.01    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                      | Bharti Airtel Ltd.                                      | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      7018 | NS      | $150514.84    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                                    | EURO                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Rand                                                    | Rand                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ZA        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Uae Dirham                                              | Uae Dirham                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AE        |         8 | OU      | $2.21         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                      | Grupo Financiero Banorte SAB de CV, Class O             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |      1816 | NS      | $20530.28     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Philippine Peso                                         | Philippine Peso                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | PH        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishal Mega Mart Ltd.                                   | Vishal Mega Mart Ltd.                                   | CUSIP: N/A<br>LEI: 335800AL4QPSIFSU3936       | Long             | EC               | CORP              | IN        |     32511 | NS      | $44517.16     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp.                               | Pan American Silver Corp.                               | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      5889 | NS      | $321539.40    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Alchip Technologies Ltd.                                | Alchip Technologies Ltd.                                | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | KY        |      2000 | NS      | $196358.87    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMB Group Holdings Bhd.                                | CIMB Group Holdings Bhd.                                | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |     85900 | NS      | $187151.48    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                            | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      6388 | NS      | $705712.89    | 4.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | Cyrela Brazil Realty SA Empreendimentos e Participacoes | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | BR        |      9495 | NS      | $50769.90     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                | Mahindra & Mahindra Ltd.                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |      7315 | NS      | $273140.15    | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp.                                     | Eldorado Gold Corp.                                     | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |      4035 | NS      | $173182.20    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer