# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001752724-25-157697
**Filing Date:** 2025-6
**Character Count:** 37647
**Document Hash:** d863df760f8d3497935b32bd6a0f469c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157697.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157697

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250430

**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:** 251076716

**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:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**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:** $9945679.52

**Total Liabilities:** $173711.80

**Net Assets:** $9771967.72

**Cash Not Reported:** $2664.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240569 | -3.70%               | -0.10%               | 3.75%                |
| Class ID C000240570 | -3.70%               | -0.10%               | 3.75%                |
| Class ID C000240571 | -3.70%               | 0.00%                | 3.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18372.12                | $-378841.09                                |
| Month 2  | $32451.04                | $-66587.35                                 |
| Month 3  | $3815.20                 | $287751.49                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fibra Uno Administracion SA de CV                       | Fibra Uno Administracion SA de CV                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     28941 | NS      | $37455.58     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Total Return Basket Swap                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | N/A       |     15157 | NS      | $4534.56      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Puma SE                                                 | Puma SE                                                 | CUSIP: N/A<br>LEI: 529900GRZ2BQY5ZM9N49       | Long             | EC               | CORP              | DE        |      5306 | NS      | $137005.47    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk. PT                             | Astra International Tbk. PT                             | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |    202700 | NS      | $58585.56     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank (The)                               | Saudi National Bank (The)                               | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |      5383 | NS      | $51289.35     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                                 | Vale SA                                                 | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |      4190 | NS      | $39049.03     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| eMemory Technology, Inc.                                | eMemory Technology, Inc.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2000 | NS      | $161043.02    | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Total Return Basket Swap                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | N/A       |     79467 | NS      | $7151.08      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Malayan Banking Bhd.                                    | Malayan Banking Bhd.                                    | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |     51900 | NS      | $120268.31    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV          | Grupo Aeroportuario del Centro Norte SAB de CV          | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |      9018 | NS      | $99232.26     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KEC International Ltd.                                  | KEC International Ltd.                                  | CUSIP: N/A<br>LEI: 335800UCWKGDJBU7ZT31       | Long             | EC               | CORP              | IN        |     13420 | NS      | $111069.18    | 1.14%             |  |  |  | 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        |     31209 | NS      | $136601.07    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                 | Vale SA                                                 | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |      6324 | NS      | $58876.44     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Hapvida Participacoes e Investimentos SA                | Hapvida Participacoes e Investimentos SA                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    335521 | NS      | $137160.91    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Thai Beverage PCL                                       | Thai Beverage PCL                                       | CUSIP: N/A<br>LEI: 529900VZFHQZ684D8L07       | Long             | EC               | CORP              | TH        |     88300 | NS      | $33840.92     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Becle SAB de CV                                         | Becle SAB de CV                                         | CUSIP: N/A<br>LEI: 529900JY55CZKMJLCE09       | Long             | EC               | CORP              | MX        |     40450 | NS      | $46760.74     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III                                     | BlackRock Cash Funds: Institutional, SL Agency Shares   | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |     59123 | NS      | $59146.94     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Garanti Bankasi A/S                             | Turkiye Garanti Bankasi A/S                             | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |     23959 | NS      | $64400.01     | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Airports of Thailand PCL                                | Airports of Thailand PCL                                | CUSIP: N/A<br>LEI: 5299006VS4CU6LW0TY22       | Long             | EC               | CORP              | TH        |     15800 | NS      | $18043.36     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| XP, Inc.                                                | XP, Inc., Class A                                       | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |      8880 | NS      | $142968.00    | 1.46%             |  |  |  | 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        |      3207 | NS      | $33719.25     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Macrotech Developers Ltd.                               | Macrotech Developers Ltd.                               | CUSIP: N/A<br>LEI: 254900B5QCN52ETNU557       | Long             | EC               | CORP              | IN        |      3782 | NS      | $59506.11     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.             | Taiwan Semiconductor Manufacturing Co. Ltd.             | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     47000 | NS      | $1331724.04   | 13.63%            |  |  |  | No            |                  2 | On Loan: No      |
| Yapi ve Kredi Bankasi A/S                               | Yapi ve Kredi Bankasi A/S                               | CUSIP: N/A<br>LEI: B85ZYWEZ5IZCZ2WNIO12       | Long             | EC               | CORP              | TR        |    307799 | NS      | $183058.93    | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                               | Kia Corp.                                               | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |       572 | NS      | $36352.49     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.KZ JSC                                            | Kaspi.KZ JSC                                            | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |      1320 | NS      | $116014.80    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Properties PJSC                                   | Emaar Properties PJSC                                   | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |     53548 | NS      | $191340.59    | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| MAG Silver Corp.                                        | MAG Silver Corp.                                        | CUSIP: 55903Q104<br>LEI: 254900LGL904N7F3EL14 | Long             | EC               | CORP              | CA        |      4819 | NS      | $74983.64     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Akbank TAS                                              | Akbank TAS                                              | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |     88063 | NS      | $111903.38    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                            | Infosys Ltd.                                            | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      2549 | NS      | $44862.40     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems, Inc.                                      | EPAM Systems, Inc.                                      | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |       843 | NS      | $132275.13    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                        | Powszechny Zaklad Ubezpieczen SA                        | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |      7007 | NS      | $109314.89    | 1.12%             |  |  |  | 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        |       336 | NS      | $35384.16     | 0.36%             |  |  |  | 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        |     22704 | NS      | $199610.94    | 2.04%             |  |  |  | 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        |    150100 | NS      | $79806.76     | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                            | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |        36 | NS      | $35054.60     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansol Chemical Co. Ltd.                                | Hansol Chemical Co. Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       517 | NS      | $42128.19     | 0.43%             |  |  |  | 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        |     26132 | NS      | $82791.42     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial International Bank Egypt SAE                 | Commercial International Bank Egypt SAE                 | CUSIP: N/A<br>LEI: 213800FIIXJAMEVRIH48       | Long             | EC               | CORP              | EG        |     15156 | NS      | $24142.86     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava plc                                              | Endava plc                                              | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |      7623 | NS      | $138814.83    | 1.42%             |  |  |  | No            |                  1 | 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        |     23043 | NS      | $130011.87    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co. Ltd.                                    | Samsung SDI Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             |  | CORP              | KR        |        29 | NS      | $702.81       | 0.01%             |  |  |  | No            |                  1 | 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        |    364000 | NS      | $84305.96     | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Wizz Air Holdings plc                                   | Wizz Air Holdings plc                                   | CUSIP: N/A<br>LEI: 213800COXGZCORLJZA85       | Long             | EC               | CORP              | JE        |      7025 | NS      | $153248.00    | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd.                                  | Godrej Properties Ltd.                                  | CUSIP: N/A<br>LEI: 335800KM3Y5NZWXOE183       | Long             | EC               | CORP              | IN        |      4341 | NS      | $110899.37    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co. Ltd.                                    | Samsung SDI Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |       210 | NS      | $26004.43     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| REC Ltd.                                                | REC Ltd.                                                | CUSIP: N/A<br>LEI: 335800B4YRYWAMIJZ374       | Long             | EC               | CORP              | IN        |     37205 | NS      | $185713.15    | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                           | Al Rajhi Bank                                           | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      3873 | NS      | $100612.66    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Phison Electronics Corp.                                | Phison Electronics Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      3000 | NS      | $41947.95     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Rumo SA                                                 | Rumo SA                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     20502 | NS      | $69795.27     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek, Inc.                                          | MediaTek, Inc.                                          | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |      4000 | NS      | $169972.41    | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Macrotech Developers Ltd.                               | Macrotech Developers Ltd.                               | CUSIP: N/A<br>LEI: 254900B5QCN52ETNU557       | Long             | EC               | CORP              | IN        |      3196 | NS      | $50285.96     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                          | OTP Bank Nyrt.                                          | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      2314 | NS      | $170930.71    | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| LPP SA                                                  | LPP SA                                                  | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752       | Long             | EC               | CORP              | PL        |        36 | NS      | $147339.20    | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayala Land, Inc.                                        | Ayala Land, Inc.                                        | CUSIP: N/A<br>LEI: 254900EWT10TQ6DKTV34       | Long             | EC               | CORP              | PH        |    104300 | NS      | $46788.92     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp.                             | President Chain Store Corp.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      9000 | NS      | $73598.11     | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Azzas 2154 SA                                           | Azzas 2154 SA                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      9533 | NS      | $52829.06     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Total Return Basket Swap                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | N/A       |      1551 | NS      | $7787.91      | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      2742 | NS      | $92021.52     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp.                                        | ERO Copper Corp.                                        | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |      4499 | NS      | $56196.71     | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Eternal Ltd.                                            | Eternal Ltd.                                            | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |     63458 | NS      | $173683.69    | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Hartalega Holdings Bhd.                                 | Hartalega Holdings Bhd.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |     56000 | NS      | $28958.83     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Siam Cement PCL (The)                                   | Siam Cement PCL (The)                                   | CUSIP: N/A<br>LEI: 254900RMCZY0X6F2KB70       | Long             | EC               | CORP              | TH        |      4100 | NS      | $19591.11     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                                           | iShares MSCI Philippines ETF                            | CUSIP: 46429B408<br>LEI: 54930043SLQ30SHQRM91 | Long             |  | RF                | US        |      1295 | NS      | $34822.55     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                               | BlackRock Liquidity Funds, T-Fund, Institutional Class  | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |    392666 | NS      | $392666.48    | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix, Inc.                                          | SK Hynix, Inc.                                          | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      1737 | NS      | $216730.87    | 2.22%             |  |  |  | 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        |     50866 | NS      | $119027.78    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp.                                            | Wiwynn Corp.                                            | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |      2000 | NS      | $120362.65    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumho Petrochemical Co. Ltd.                            | Kumho Petrochemical Co. Ltd.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       793 | NS      | $66351.43     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                        | Telkom Indonesia Persero Tbk. PT                        | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |    216400 | NS      | $34108.69     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang, Inc.                                           | Coupang, Inc., Class A                                  | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |      4403 | NS      | $102898.11    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank & Trust Co.                           | Metropolitan Bank & Trust Co.                           | CUSIP: N/A<br>LEI: 549300SQYI82RVWFN715       | Long             | EC               | CORP              | PH        |     38390 | NS      | $52888.20     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                | Mahindra & Mahindra Ltd.                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |      1847 | NS      | $63352.10     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpargatas SA                                           | Alpargatas SA (Preference)                              | CUSIP: N/A<br>LEI: 254900LU3422XPKEQJ79       | Long             | EP               | CORP              | BR        |     30139 | NS      | $39246.05     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Americana Restaurants International plc                 | Americana Restaurants International plc                 | CUSIP: N/A<br>LEI: 549300EYHRPEZ6UVAM64       | Long             | EC               | CORP              | AE        |     71509 | NS      | $42628.60     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |     13001 | NS      | $218537.49    | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                         | Lojas Renner SA                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     44185 | NS      | $113126.18    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd.                                          | Axis Bank Ltd.                                          | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |       881 | NS      | $61953.00     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                       | BDO Unibank, Inc.                                       | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |     21840 | NS      | $62682.09     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd. (Preference)               | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EP               | CORP              | KR        |      2231 | NS      | $73646.77     | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                                               | InPost SA                                               | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | EC               | CORP              | LU        |      5689 | NS      | $96097.94     | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                      | Bharti Airtel Ltd.                                      | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      7995 | NS      | $176355.72    | 1.80%             |  |  |  | No            |                  2 | 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        |     11216 | NS      | $96171.46     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Jollibee Foods Corp.                                    | Jollibee Foods Corp.                                    | CUSIP: N/A<br>LEI: 2138009XN3KTAAKUPR35       | Long             | EC               | CORP              | PH        |      6250 | NS      | $25672.38     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                            | Infosys Ltd.                                            | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |       595 | NS      | $10518.37     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Bloomberry Resorts Corp.                                | Bloomberry Resorts Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |    138000 | NS      | $8425.03      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CIMB Group Holdings Bhd.                                | CIMB Group Holdings Bhd.                                | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |     68300 | NS      | $112825.09    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Land & Houses PCL                                       | Land & Houses PCL                                       | CUSIP: N/A<br>LEI: 529900O7AEACUWP7KS87       | Long             | EC               | CORP              | TH        |    152100 | NS      | $19281.32     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co. Ltd.                                          | Lotes Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1000 | NS      | $39319.73     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| NTPC Ltd.                                               | NTPC Ltd.                                               | CUSIP: N/A<br>LEI: 335800Q4TRGJXNLVMB81       | Long             | EC               | CORP              | IN        |     60712 | NS      | $254352.57    | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                            | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      4809 | NS      | $187635.34    | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                | Mahindra & Mahindra Ltd.                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |      5825 | NS      | $201820.02    | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp.                                     | Eldorado Gold Corp.                                     | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |      8378 | NS      | $157841.52    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer