# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001410368-25-010139
**Filing Date:** 2025-9
**Character Count:** 101110
**Document Hash:** f0a8865143df7f24d963d23ba147b42f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010139.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010139

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**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:** 251338597

**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

### iShares Enhanced Roll Yield Index Fund (Series ID: S000087850)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000253864 | iShares Enhanced Roll Yield Index Fund |  |

## Nport-Ex

July 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> |
| • iShares Enhanced Roll Yield Index Fund |

---

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

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

------

Consolidated Schedule of Investments (unaudited)

July 31, 2025

**iShares Enhanced Roll Yield Index Fund** 

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

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br>*(000)*<br>| *Value* |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Certificates of Deposit — 19.6%** | **Certificates of Deposit — 19.6%** |  |
| Banco Santander SA, 4.40%, 06/02/26 | $2880 | &nbsp;&nbsp; $2878668 |
| Bank of America N.A., 4.50%, 01/02/26 | 2540 | &nbsp;&nbsp; 2539363 |
| Bank of Montreal, 4.49%, 01/13/26 | 2250 | &nbsp;&nbsp; 2249444 |
| Bank of Montreal/Chicago, 4.70%, 11/13/25<sup>(a)</sup> | 890 | &nbsp;&nbsp; 890074 |
| Bank of Nova Scotia/Houston, 4.65%, 01/02/26<sup>(a)</sup> | 3000 | &nbsp;&nbsp; 3001774 |
| BNP Paribas SA, 4.32%, 07/14/26 | 2850 | &nbsp;&nbsp; 2846944 |
| Cooperatieve Rabobank, 4.43%, 10/14/25 | 6750 | &nbsp;&nbsp; 6748166 |
| &nbsp;&nbsp;&nbsp; Credit Industriel et Commercial/New York, 4.46%, <br> 12/12/25<br>| 3500 | &nbsp;&nbsp; 3500034 |
| Deutsche Bank AG, 4.40%, 07/17/26 | 1420 | &nbsp;&nbsp; 1418831 |
| &nbsp;&nbsp;&nbsp; DZ Bank AG Deutsche Zentral-<br> Genossenschaftsbank/New York, 4.41%, 08/07/25<br>| 3500 | &nbsp;&nbsp; 3499980 |
| HSBC Bank USA NA, 4.71%, 12/04/25<sup>(a)</sup> | 1750 | &nbsp;&nbsp; 1750609 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Trust & Banking Corp., 4.55%, <br> 08/08/25<sup>(a)</sup><br>| 3000 | &nbsp;&nbsp; 3000080 |
| Mizuho Bank Ltd./New York, 4.61%, 01/14/26 | 2640 | &nbsp;&nbsp; 2640197 |
| &nbsp;&nbsp;&nbsp; Mizuho Bank Ltd/New York, (1-day SOFR + 0.35%), <br> 4.71%, 02/06/26<sup>(a)</sup><br>| 1000 | &nbsp;&nbsp; 1000550 |
| MUFG Bank Ltd/New York, 4.56%, 01/13/26<sup>(a)</sup> | 2280 | &nbsp;&nbsp; 2280139 |
| MUFG BK Ltd. 12/25 FIXED 4.44, 4.44%, 12/03/25 | 2000 | &nbsp;&nbsp; 1999702 |
| Nordea Bank Abp/New York, 4.57%, 03/17/26<sup>(a)</sup> | 3760 | &nbsp;&nbsp; 3760459 |
| Oversea Chinese Bank Co., 4.44%, 10/08/25 | 3750 | &nbsp;&nbsp; 3749662 |
| Royal Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 11/25/25 | 1400 | &nbsp;&nbsp; 1400406 |
| &nbsp;&nbsp;&nbsp; 4.44%, 12/12/25 | 2000 | &nbsp;&nbsp; 1999636 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank/New York, (1-day SOFR + <br> 0.30%), 4.62%, 09/30/25<sup>(a)</sup><br>| 3500 | &nbsp;&nbsp; 3500998 |
| Sumitomo Mitsui Banking Corp., 4.45%, 03/10/26 | 2740 | &nbsp;&nbsp; 2739656 |
| Sumitomo Mitsui Trust, 4.63%, 10/30/25<sup>(a)</sup> | 1800 | &nbsp;&nbsp; 1800768 |
| Svenska Handelsbanken |  |  |
| &nbsp;&nbsp;&nbsp; 4.42%, 11/07/25 | 3380 | &nbsp;&nbsp; 3379437 |
| &nbsp;&nbsp;&nbsp; 4.60%, 11/12/25 | 900 | &nbsp;&nbsp; 900206 |
| Svenska Handelsbanken/New York, 4.67%, 01/13/26<sup>(a)</sup> | 2580 | &nbsp;&nbsp; 2581267 |
| Swedbank AB/New York, 4.36%, 04/09/26 | 2250 | &nbsp;&nbsp; 2249240 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp; 4.41%, 09/02/25 | 3000 | &nbsp;&nbsp; 2999935 |
| &nbsp;&nbsp;&nbsp; 4.50%, 11/17/25 | 1110 | &nbsp;&nbsp; 1109961 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank/New York, (1-day SOFR + <br> 0.29%), 4.65%, 10/01/25<sup>(a)</sup><br>| 3000 | &nbsp;&nbsp; 3000876 |
| UBS AG/Stamford CT, 4.71%, 11/03/25<sup>(a)</sup> | 1120 | &nbsp;&nbsp; 1120632 |
|  |  | &nbsp;&nbsp; 78537694 |
| **Commercial Paper — 4.9%** | **Commercial Paper — 4.9%** |  |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd., 4.31%, <br> 06/22/26<sup>(b)</sup><br>| 3960 | &nbsp;&nbsp; 3810003 |
| CDP Financial, Inc., 4.41%, 03/09/26<sup>(b)</sup> | 1630 | &nbsp;&nbsp; 1586800 |
| Citigroup Global Markets, Inc., 4.60%, 11/14/25<sup>(b)</sup> | 1010 | &nbsp;&nbsp; 996960 |
| DNB Bank ASA, 4.59%, 11/10/25<sup>(b)</sup> | 940 | &nbsp;&nbsp; 928479 |
| Macquarie Bank Ltd.<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.48%, 11/10/25 | 3000 | &nbsp;&nbsp; 2962175 |
| &nbsp;&nbsp;&nbsp; 4.62%, 01/13/26 | 2760 | &nbsp;&nbsp; 2704198 |
| &nbsp;&nbsp;&nbsp; 4.39%, 03/19/26 | 930 | &nbsp;&nbsp; 904193 |
| National Bank of Canada<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 02/05/26<sup>(c)</sup> | 1000 | &nbsp;&nbsp; 1000549 |
| &nbsp;&nbsp;&nbsp; 4.62%, 04/24/26 | 3080 | &nbsp;&nbsp; 3079991 |
| Salisbury Receivables Co. LLC, 4.45%, 08/04/25<sup>(b)</sup> | 1820 | &nbsp;&nbsp; 1819120 |
|  |  | &nbsp;&nbsp; 19792468 |

---

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

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Money Market Funds — 5.7%** | **Money Market Funds — 5.7%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(d)(e)</sup><br>| 22600336 | &nbsp;&nbsp; $22600336 |

---

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

---

| | | |
|:---|:---|:---|
|  | *Par* <br>*(000)*<br>|  |
| **U.S. Treasury Obligations — 64.9%** | **U.S. Treasury Obligations — 64.9%** |  |
| U.S. Treasury Bills<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.43%, 08/07/25 | $15000 | &nbsp;&nbsp; 14989329 |
| &nbsp;&nbsp;&nbsp; 4.35%, 08/12/25 | 5000 | &nbsp;&nbsp; 4993469 |
| &nbsp;&nbsp;&nbsp; 4.41%, 08/14/25 | 2000 | &nbsp;&nbsp; 1996908 |
| &nbsp;&nbsp;&nbsp; 4.39%, 08/19/25 | 5000 | &nbsp;&nbsp; 4989285 |
| &nbsp;&nbsp;&nbsp; 4.34%, 08/21/25 | 3500 | &nbsp;&nbsp; 3491647 |
| &nbsp;&nbsp;&nbsp; 4.34%, 08/21/25 | 12000 | &nbsp;&nbsp; 11971360 |
| &nbsp;&nbsp;&nbsp; 4.32%, 08/28/25 | 12000 | &nbsp;&nbsp; 11961413 |
| &nbsp;&nbsp;&nbsp; 4.31%, 09/02/25 - 11/28/25 | 27800 | &nbsp;&nbsp; 27595117 |
| &nbsp;&nbsp;&nbsp; 4.33%, 09/04/25 | 12500 | &nbsp;&nbsp; 12449507 |
| &nbsp;&nbsp;&nbsp; 4.37%, 09/11/25 | 5000 | &nbsp;&nbsp; 4975585 |
| &nbsp;&nbsp;&nbsp; 4.34%, 10/02/25 | 15000 | &nbsp;&nbsp; 14890232 |
| &nbsp;&nbsp;&nbsp; 4.33%, 10/16/25 | 5000 | &nbsp;&nbsp; 4955259 |
| &nbsp;&nbsp;&nbsp; 4.25%, 10/23/25 | 18000 | &nbsp;&nbsp; 17823988 |
| &nbsp;&nbsp;&nbsp; 4.24%, 10/30/25 | 15000 | &nbsp;&nbsp; 14841019 |
| &nbsp;&nbsp;&nbsp; 4.30%, 11/04/25 | 10000 | &nbsp;&nbsp; 9888669 |
| &nbsp;&nbsp;&nbsp; 4.23%, 11/06/25 | 3000 | &nbsp;&nbsp; 2965939 |
| &nbsp;&nbsp;&nbsp; 4.34%, 11/18/25 | 5000 | &nbsp;&nbsp; 4935868 |
| &nbsp;&nbsp;&nbsp; 4.29%, 11/20/25 | 16500 | &nbsp;&nbsp; 16286576 |
| &nbsp;&nbsp;&nbsp; 4.30%, 12/04/25 | 8000 | &nbsp;&nbsp; 7883583 |
| &nbsp;&nbsp;&nbsp; 4.27%, 01/15/26 | 7500 | &nbsp;&nbsp; 7355695 |
| &nbsp;&nbsp;&nbsp; 4.26%, 01/22/26 | 20000 | &nbsp;&nbsp; 19600009 |
| &nbsp;&nbsp;&nbsp; 4.27%, 01/29/26 | 5000 | &nbsp;&nbsp; 4896176 |
| &nbsp;&nbsp;&nbsp; 4.14%, 03/19/26 | 10000 | &nbsp;&nbsp; 9740946 |
| &nbsp;&nbsp;&nbsp; 4.11%, 05/14/26 | 5000 | &nbsp;&nbsp; 4840392 |
| &nbsp;&nbsp;&nbsp; 4.12%, 06/11/26 | 10000 | &nbsp;&nbsp; 9652943 |
| &nbsp;&nbsp;&nbsp; 4.08%, 07/09/26 | 10000 | &nbsp;&nbsp; 9625629 |
|  |  | &nbsp;&nbsp; 259596543 |
| **Total Short-Term Securities — 95.1%** <br>**(Cost: $380,597,926)** | **Total Short-Term Securities — 95.1%** <br>**(Cost: $380,597,926)** | &nbsp;&nbsp; 380527041 |
| **Total Investments — 95.1%** <br>**(Cost: $380,597,926)** | **Total Investments — 95.1%** <br>**(Cost: $380,597,926)** | &nbsp;&nbsp; 380527041 |
| **Other Assets Less Liabilities — 4.9%** | **Other Assets Less Liabilities — 4.9%** | &nbsp;&nbsp; 19746752 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $400273793 |

---

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

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Rates are discount rates or a range of discount rates as of period end.

<sup>(c)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

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

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares Enhanced Roll Yield Index Fund** 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 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>*11/01/24*<sup>(a)</sup> <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>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Treasury, SL Agency Shares | $—<br> &nbsp;&nbsp; $22600336 <br><sup>(b)</sup><br>| &nbsp;&nbsp; $— | $— | $— | $22600336 | 22600336 | $626061 | $— |

---

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

<sup>(a)</sup> Commencement of operations.

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

**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; Corn<sup>(a)</sup> | &nbsp;&nbsp; 167 | &nbsp;&nbsp;&nbsp;&nbsp; 09/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; $3290 | &nbsp;&nbsp;&nbsp;&nbsp; $(324300)<br>|
| &nbsp;&nbsp;&nbsp; KC HRW Wheat<sup>(a)</sup> | &nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp;&nbsp; 09/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1868 | &nbsp;&nbsp;&nbsp;&nbsp; (194099)<br>|
| &nbsp;&nbsp;&nbsp; Wheat<sup>(a)</sup> | &nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp;&nbsp; 09/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1988 | &nbsp;&nbsp;&nbsp;&nbsp; (211024)<br>|
| &nbsp;&nbsp;&nbsp; LME Aluminium Premiums<sup>(a)</sup> | &nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 09/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3141 | &nbsp;&nbsp;&nbsp;&nbsp; 164819 |
| &nbsp;&nbsp;&nbsp; LME Lead<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; 09/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1952 | &nbsp;&nbsp;&nbsp;&nbsp; 14197 |
| &nbsp;&nbsp;&nbsp; LME Nickel<sup>(a)</sup> | &nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 09/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2137 | &nbsp;&nbsp;&nbsp;&nbsp; (69812)<br>|
| &nbsp;&nbsp;&nbsp; LME Tin<sup>(a)</sup> | &nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp; 09/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2126 | &nbsp;&nbsp;&nbsp;&nbsp; (72088)<br>|
| &nbsp;&nbsp;&nbsp; LME Zinc<sup>(a)</sup> | &nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp; 09/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2348 | &nbsp;&nbsp;&nbsp;&nbsp; 71448 |
| &nbsp;&nbsp;&nbsp; Coffee C<sup>(a)</sup> | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 09/18/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2219 | &nbsp;&nbsp;&nbsp;&nbsp; (72876)<br>|
| &nbsp;&nbsp;&nbsp; WTI Crude Oil<sup>(a)</sup> | &nbsp;&nbsp; 101 | &nbsp;&nbsp;&nbsp;&nbsp; 09/22/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6888 | &nbsp;&nbsp;&nbsp;&nbsp; 704257 |
| &nbsp;&nbsp;&nbsp; Cattle Feeder<sup>(a)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 09/25/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1989 | &nbsp;&nbsp;&nbsp;&nbsp; 356157 |
| &nbsp;&nbsp;&nbsp; Copper<sup>(a)</sup> | &nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 09/26/25 | &nbsp;&nbsp;&nbsp;&nbsp; 4137 | &nbsp;&nbsp;&nbsp;&nbsp; (281538)<br>|
| &nbsp;&nbsp;&nbsp; Natural Gas<sup>(a)</sup> | &nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; 09/26/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2049 | &nbsp;&nbsp;&nbsp;&nbsp; (520195)<br>|
| &nbsp;&nbsp;&nbsp; Silver<sup>(a)</sup> | &nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp; 09/26/25 | &nbsp;&nbsp;&nbsp;&nbsp; 5690 | &nbsp;&nbsp;&nbsp;&nbsp; 441865 |
| &nbsp;&nbsp;&nbsp; Brent Crude Oil<sup>(a)</sup> | &nbsp;&nbsp; 162 | &nbsp;&nbsp;&nbsp;&nbsp; 09/30/25 | &nbsp;&nbsp;&nbsp;&nbsp; 11470 | &nbsp;&nbsp;&nbsp;&nbsp; 995494 |
| &nbsp;&nbsp;&nbsp; Gasoline RBOB<sup>(a)</sup> | &nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 09/30/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3235 | &nbsp;&nbsp;&nbsp;&nbsp; 318452 |
| &nbsp;&nbsp;&nbsp; NY Harbor ULSD<sup>(a)</sup> | &nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 09/30/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3715 | &nbsp;&nbsp;&nbsp;&nbsp; 459881 |
| &nbsp;&nbsp;&nbsp; Sugar 11<sup>(a)</sup> | &nbsp;&nbsp; 122 | &nbsp;&nbsp;&nbsp;&nbsp; 09/30/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2234 | &nbsp;&nbsp;&nbsp;&nbsp; (232319)<br>|
| &nbsp;&nbsp;&nbsp; Low Sulphur Gas<sup>(a)</sup> | &nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp;&nbsp; 10/10/25 | &nbsp;&nbsp;&nbsp;&nbsp; 4246 | &nbsp;&nbsp;&nbsp;&nbsp; 498092 |
| &nbsp;&nbsp;&nbsp; LME Aluminium Premiums<sup>(a)</sup> | &nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 10/13/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3142 | &nbsp;&nbsp;&nbsp;&nbsp; 121227 |
| &nbsp;&nbsp;&nbsp; LME Lead<sup>(a)</sup> | &nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp; 10/13/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1914 | &nbsp;&nbsp;&nbsp;&nbsp; (18295)<br>|
| &nbsp;&nbsp;&nbsp; LME Nickel<sup>(a)</sup> | &nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 10/13/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2057 | &nbsp;&nbsp;&nbsp;&nbsp; (109061)<br>|
| &nbsp;&nbsp;&nbsp; LME Tin<sup>(a)</sup> | &nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp; 10/13/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2127 | &nbsp;&nbsp;&nbsp;&nbsp; 39139 |
| &nbsp;&nbsp;&nbsp; LME Zinc<sup>(a)</sup> | &nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp; 10/13/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2349 | &nbsp;&nbsp;&nbsp;&nbsp; 78392 |
| &nbsp;&nbsp;&nbsp; Lean Hogs<sup>(a)</sup> | &nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp;&nbsp; 10/14/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2186 | &nbsp;&nbsp;&nbsp;&nbsp; 148540 |
| &nbsp;&nbsp;&nbsp; WTI Crude Oil<sup>(a)</sup> | &nbsp;&nbsp; 102 | &nbsp;&nbsp;&nbsp;&nbsp; 10/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6867 | &nbsp;&nbsp;&nbsp;&nbsp; 866409 |
| &nbsp;&nbsp;&nbsp; Copper<sup>(a)</sup> | &nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 10/29/25 | &nbsp;&nbsp;&nbsp;&nbsp; 4158 | &nbsp;&nbsp;&nbsp;&nbsp; (380265)<br>|
| &nbsp;&nbsp;&nbsp; Natural Gas<sup>(a)</sup> | &nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp; 10/29/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1998 | &nbsp;&nbsp;&nbsp;&nbsp; (413371)<br>|
| &nbsp;&nbsp;&nbsp; Cattle Feeder<sup>(a)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 10/30/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1981 | &nbsp;&nbsp;&nbsp;&nbsp; 298475 |
| &nbsp;&nbsp;&nbsp; Brent Crude Oil<sup>(a)</sup> | &nbsp;&nbsp; 163 | &nbsp;&nbsp;&nbsp;&nbsp; 10/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 11425 | &nbsp;&nbsp;&nbsp;&nbsp; 1253601 |
| &nbsp;&nbsp;&nbsp; Gasoline RBOB<sup>(a)</sup> | &nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp; 10/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3241 | &nbsp;&nbsp;&nbsp;&nbsp; 310090 |
| &nbsp;&nbsp;&nbsp; Live Cattle<sup>(a)</sup> | &nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 10/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2499 | &nbsp;&nbsp;&nbsp;&nbsp; 345202 |
| &nbsp;&nbsp;&nbsp; NY Harbor ULSD<sup>(a)</sup> | &nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 10/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3792 | &nbsp;&nbsp;&nbsp;&nbsp; 494557 |
| &nbsp;&nbsp;&nbsp; Low Sulphur Gas<sup>(a)</sup> | &nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp;&nbsp; 11/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 4183 | &nbsp;&nbsp;&nbsp;&nbsp; 533467 |
| &nbsp;&nbsp;&nbsp; Soybean<sup>(a)</sup> | &nbsp;&nbsp; 130 | &nbsp;&nbsp;&nbsp;&nbsp; 11/14/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6430 | &nbsp;&nbsp;&nbsp;&nbsp; (155140)<br>|
| &nbsp;&nbsp;&nbsp; LME Aluminium Premiums<sup>(a)</sup> | &nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 11/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3145 | &nbsp;&nbsp;&nbsp;&nbsp; 78610 |
| &nbsp;&nbsp;&nbsp; LME Lead<sup>(a)</sup> | &nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp; 11/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1928 | &nbsp;&nbsp;&nbsp;&nbsp; (27228)<br>|
| &nbsp;&nbsp;&nbsp; LME Nickel<sup>(a)</sup> | &nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 11/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2067 | &nbsp;&nbsp;&nbsp;&nbsp; (74093)<br>|
| &nbsp;&nbsp;&nbsp; LME Tin<sup>(a)</sup> | &nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp; 11/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2128 | &nbsp;&nbsp;&nbsp;&nbsp; 22838 |
| &nbsp;&nbsp;&nbsp; LME Zinc<sup>(a)</sup> | &nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 11/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2282 | &nbsp;&nbsp;&nbsp;&nbsp; 65080 |
| &nbsp;&nbsp;&nbsp; Cattle Feeder<sup>(a)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1968 | &nbsp;&nbsp;&nbsp;&nbsp; 274661 |
| &nbsp;&nbsp;&nbsp; WTI Crude Oil<sup>(a)</sup> | &nbsp;&nbsp; 103 | &nbsp;&nbsp;&nbsp;&nbsp; 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6860 | &nbsp;&nbsp;&nbsp;&nbsp; 471366 |

---

Consolidated Schedule of Investments

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares Enhanced Roll Yield Index Fund** 

**Futures Contracts (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| *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 (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Copper<sup>(a)</sup> | &nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp; $4072 | &nbsp;&nbsp;&nbsp;&nbsp; $(545240)<br>|
| &nbsp;&nbsp;&nbsp; Natural Gas<sup>(a)</sup> | &nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp;&nbsp; 11/25/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1920 | &nbsp;&nbsp;&nbsp;&nbsp; (231831)<br>|
| &nbsp;&nbsp;&nbsp; Brent Crude Oil<sup>(a)</sup> | &nbsp;&nbsp; 163 | &nbsp;&nbsp;&nbsp;&nbsp; 11/28/25 | &nbsp;&nbsp;&nbsp;&nbsp; 11348 | &nbsp;&nbsp;&nbsp;&nbsp; 716778 |
| &nbsp;&nbsp;&nbsp; Gasoline RBOB<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; 11/28/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3262 | &nbsp;&nbsp;&nbsp;&nbsp; 200098 |
| &nbsp;&nbsp;&nbsp; NY Harbor ULSD<sup>(a)</sup> | &nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 11/28/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3755 | &nbsp;&nbsp;&nbsp;&nbsp; 336518 |
| &nbsp;&nbsp;&nbsp; Cotton No.2<sup>(a)</sup> | &nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp;&nbsp; 12/08/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2354 | &nbsp;&nbsp;&nbsp;&nbsp; (127315)<br>|
| &nbsp;&nbsp;&nbsp; Low Sulphur Gas<sup>(a)</sup> | &nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 12/11/25 | &nbsp;&nbsp;&nbsp;&nbsp; 4177 | &nbsp;&nbsp;&nbsp;&nbsp; 333474 |
| &nbsp;&nbsp;&nbsp; Corn<sup>(a)</sup> | &nbsp;&nbsp; 157 | &nbsp;&nbsp;&nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3248 | &nbsp;&nbsp;&nbsp;&nbsp; (421212)<br>|
| &nbsp;&nbsp;&nbsp; KC HRW Wheat<sup>(a)</sup> | &nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1825 | &nbsp;&nbsp;&nbsp;&nbsp; (307374)<br>|
| &nbsp;&nbsp;&nbsp; Lean Hogs<sup>(a)</sup> | &nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1896 | &nbsp;&nbsp;&nbsp;&nbsp; 87885 |
| &nbsp;&nbsp;&nbsp; Soybean Meal<sup>(a)</sup> | &nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2622 | &nbsp;&nbsp;&nbsp;&nbsp; (348489)<br>|
| &nbsp;&nbsp;&nbsp; Soybean Oil<sup>(a)</sup> | &nbsp;&nbsp; 113 | &nbsp;&nbsp;&nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3711 | &nbsp;&nbsp;&nbsp;&nbsp; 775210 |
| &nbsp;&nbsp;&nbsp; Wheat<sup>(a)</sup> | &nbsp;&nbsp; 72 | &nbsp;&nbsp;&nbsp;&nbsp; 12/12/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1953 | &nbsp;&nbsp;&nbsp;&nbsp; (300775)<br>|
| &nbsp;&nbsp;&nbsp; LME Aluminium Premiums<sup>(a)</sup> | &nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3083 | &nbsp;&nbsp;&nbsp;&nbsp; (41491)<br>|
| &nbsp;&nbsp;&nbsp; LME Lead<sup>(a)</sup> | &nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1885 | &nbsp;&nbsp;&nbsp;&nbsp; (67599)<br>|
| &nbsp;&nbsp;&nbsp; LME Nickel<sup>(a)</sup> | &nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2075 | &nbsp;&nbsp;&nbsp;&nbsp; (41204)<br>|
| &nbsp;&nbsp;&nbsp; LME Tin<sup>(a)</sup> | &nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2128 | &nbsp;&nbsp;&nbsp;&nbsp; (48468)<br>|
| &nbsp;&nbsp;&nbsp; LME Zinc<sup>(a)</sup> | &nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2283 | &nbsp;&nbsp;&nbsp;&nbsp; 21126 |
| &nbsp;&nbsp;&nbsp; Coffee C<sup>(a)</sup> | &nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp; 12/18/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2274 | &nbsp;&nbsp;&nbsp;&nbsp; (570835)<br>|
| &nbsp;&nbsp;&nbsp; WTI Crude Oil<sup>(a)</sup> | &nbsp;&nbsp; 104 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; 6875 | &nbsp;&nbsp;&nbsp;&nbsp; 310124 |
| &nbsp;&nbsp;&nbsp; Copper<sup>(a)</sup> | &nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 12/29/25 | &nbsp;&nbsp;&nbsp;&nbsp; 4092 | &nbsp;&nbsp;&nbsp;&nbsp; (897899)<br>|
| &nbsp;&nbsp;&nbsp; Gold 100 OZ<sup>(a)</sup> | &nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp;&nbsp; 12/29/25 | &nbsp;&nbsp;&nbsp;&nbsp; 21096 | &nbsp;&nbsp;&nbsp;&nbsp; 1654622 |
| &nbsp;&nbsp;&nbsp; Natural Gas<sup>(a)</sup> | &nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 12/29/25 | &nbsp;&nbsp;&nbsp;&nbsp; 1844 | &nbsp;&nbsp;&nbsp;&nbsp; (137327)<br>|
| &nbsp;&nbsp;&nbsp; Silver<sup>(a)</sup> | &nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 12/29/25 | &nbsp;&nbsp;&nbsp;&nbsp; 5579 | &nbsp;&nbsp;&nbsp;&nbsp; 672064 |
| &nbsp;&nbsp;&nbsp; Brent Crude Oil<sup>(a)</sup> | &nbsp;&nbsp; 164 | &nbsp;&nbsp;&nbsp;&nbsp; 12/30/25 | &nbsp;&nbsp;&nbsp;&nbsp; 11364 | &nbsp;&nbsp;&nbsp;&nbsp; 481539 |
| &nbsp;&nbsp;&nbsp; Gasoline RBOB<sup>(a)</sup> | &nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3239 | &nbsp;&nbsp;&nbsp;&nbsp; 118204 |
| &nbsp;&nbsp;&nbsp; Live Cattle<sup>(a)</sup> | &nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 2508 | &nbsp;&nbsp;&nbsp;&nbsp; 302165 |
| &nbsp;&nbsp;&nbsp; NY Harbor ULSD<sup>(a)</sup> | &nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp;&nbsp; 3740 | &nbsp;&nbsp;&nbsp;&nbsp; 136323 |
| &nbsp;&nbsp;&nbsp; Low Sulphur Gas<sup>(a)</sup> | &nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 01/12/26 | &nbsp;&nbsp;&nbsp;&nbsp; 4145 | &nbsp;&nbsp;&nbsp;&nbsp; 147618 |
| &nbsp;&nbsp;&nbsp; Soybean<sup>(a)</sup> | &nbsp;&nbsp; 126 | &nbsp;&nbsp;&nbsp;&nbsp; 01/14/26 | &nbsp;&nbsp;&nbsp;&nbsp; 6347 | &nbsp;&nbsp;&nbsp;&nbsp; (364910)<br>|
| &nbsp;&nbsp;&nbsp; Soybean Meal<sup>(a)</sup> | &nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp; 01/14/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2545 | &nbsp;&nbsp;&nbsp;&nbsp; (380122)<br>|
| &nbsp;&nbsp;&nbsp; Soybean Oil<sup>(a)</sup> | &nbsp;&nbsp; 112 | &nbsp;&nbsp;&nbsp;&nbsp; 01/14/26 | &nbsp;&nbsp;&nbsp;&nbsp; 3686 | &nbsp;&nbsp;&nbsp;&nbsp; 570032 |
| &nbsp;&nbsp;&nbsp; Cattle Feeder<sup>(a)</sup> | &nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1926 | &nbsp;&nbsp;&nbsp;&nbsp; 98852 |
| &nbsp;&nbsp;&nbsp; Lean Hogs<sup>(a)</sup> | &nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp; 02/13/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1880 | &nbsp;&nbsp;&nbsp;&nbsp; (44808)<br>|
| &nbsp;&nbsp;&nbsp; Gold 100 OZ<sup>(a)</sup> | &nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 02/25/26 | &nbsp;&nbsp;&nbsp;&nbsp; 20932 | &nbsp;&nbsp;&nbsp;&nbsp; (215871)<br>|
| &nbsp;&nbsp;&nbsp; Live Cattle<sup>(a)</sup> | &nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; 02/27/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2602 | &nbsp;&nbsp;&nbsp;&nbsp; 201591 |
| &nbsp;&nbsp;&nbsp; Sugar 11<sup>(a)</sup> | &nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp;&nbsp; 02/27/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2376 | &nbsp;&nbsp;&nbsp;&nbsp; (176111)<br>|
| &nbsp;&nbsp;&nbsp; Cotton No.2<sup>(a)</sup> | &nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 03/09/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2298 | &nbsp;&nbsp;&nbsp;&nbsp; (51364)<br>|
| &nbsp;&nbsp;&nbsp; Corn<sup>(a)</sup> | &nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp;&nbsp; 03/13/26 | &nbsp;&nbsp;&nbsp;&nbsp; 3229 | &nbsp;&nbsp;&nbsp;&nbsp; (230810)<br>|
| &nbsp;&nbsp;&nbsp; KC HRW Wheat<sup>(a)</sup> | &nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp;&nbsp; 03/13/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1773 | &nbsp;&nbsp;&nbsp;&nbsp; (194709)<br>|
| &nbsp;&nbsp;&nbsp; Soybean<sup>(a)</sup> | &nbsp;&nbsp; 123 | &nbsp;&nbsp;&nbsp;&nbsp; 03/13/26 | &nbsp;&nbsp;&nbsp;&nbsp; 6298 | &nbsp;&nbsp;&nbsp;&nbsp; (167)<br>|
| &nbsp;&nbsp;&nbsp; Soybean Meal<sup>(a)</sup> | &nbsp;&nbsp; 88 | &nbsp;&nbsp;&nbsp;&nbsp; 03/13/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2516 | &nbsp;&nbsp;&nbsp;&nbsp; (191753)<br>|
| &nbsp;&nbsp;&nbsp; Soybean Oil<sup>(a)</sup> | &nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp; 03/13/26 | &nbsp;&nbsp;&nbsp;&nbsp; 3639 | &nbsp;&nbsp;&nbsp;&nbsp; 531921 |
| &nbsp;&nbsp;&nbsp; Wheat<sup>(a)</sup> | &nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp; 03/13/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1907 | &nbsp;&nbsp;&nbsp;&nbsp; (159154)<br>|
| &nbsp;&nbsp;&nbsp; Coffee C<sup>(a)</sup> | &nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 03/19/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2327 | &nbsp;&nbsp;&nbsp;&nbsp; (454922)<br>|
| &nbsp;&nbsp;&nbsp; Silver<sup>(a)</sup> | &nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; 03/27/26 | &nbsp;&nbsp;&nbsp;&nbsp; 5458 | &nbsp;&nbsp;&nbsp;&nbsp; 86774 |
| &nbsp;&nbsp;&nbsp; Lean Hogs<sup>(a)</sup> | &nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp; 04/15/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1919 | &nbsp;&nbsp;&nbsp;&nbsp; (14624)<br>|
| &nbsp;&nbsp;&nbsp; Gold 100 OZ<sup>(a)</sup> | &nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp;&nbsp; 04/28/26 | &nbsp;&nbsp;&nbsp;&nbsp; 20740 | &nbsp;&nbsp;&nbsp;&nbsp; (297336)<br>|
| &nbsp;&nbsp;&nbsp; Live Cattle<sup>(a)</sup> | &nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 04/30/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2509 | &nbsp;&nbsp;&nbsp;&nbsp; 104034 |
| &nbsp;&nbsp;&nbsp; Sugar 11<sup>(a)</sup> | &nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; 04/30/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2408 | &nbsp;&nbsp;&nbsp;&nbsp; (173879)<br>|
| &nbsp;&nbsp;&nbsp; Cotton No.2<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp; 05/06/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2267 | &nbsp;&nbsp;&nbsp;&nbsp; (13774)<br>|
| &nbsp;&nbsp;&nbsp; Corn<sup>(a)</sup> | &nbsp;&nbsp; 155 | &nbsp;&nbsp;&nbsp;&nbsp; 05/14/26 | &nbsp;&nbsp;&nbsp;&nbsp; 3416 | &nbsp;&nbsp;&nbsp;&nbsp; (194750)<br>|
| &nbsp;&nbsp;&nbsp; KC HRW Wheat<sup>(a)</sup> | &nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp;&nbsp; 05/14/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1727 | &nbsp;&nbsp;&nbsp;&nbsp; (72923)<br>|
| &nbsp;&nbsp;&nbsp; Soybean<sup>(a)</sup> | &nbsp;&nbsp; 122 | &nbsp;&nbsp;&nbsp;&nbsp; 05/14/26 | &nbsp;&nbsp;&nbsp;&nbsp; 6336 | &nbsp;&nbsp;&nbsp;&nbsp; (159128)<br>|
| &nbsp;&nbsp;&nbsp; Soybean Meal<sup>(a)</sup> | &nbsp;&nbsp; 86 | &nbsp;&nbsp;&nbsp;&nbsp; 05/14/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2505 | &nbsp;&nbsp;&nbsp;&nbsp; (210866)<br>|
| &nbsp;&nbsp;&nbsp; Soybean Oil<sup>(a)</sup> | &nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp; 05/14/26 | &nbsp;&nbsp;&nbsp;&nbsp; 3618 | &nbsp;&nbsp;&nbsp;&nbsp; 346773 |
| &nbsp;&nbsp;&nbsp; Wheat<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp; 05/14/26 | &nbsp;&nbsp;&nbsp;&nbsp; 1861 | &nbsp;&nbsp;&nbsp;&nbsp; (103418)<br>|
| &nbsp;&nbsp;&nbsp; Coffee C<sup>(a)</sup> | &nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 05/18/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2284 | &nbsp;&nbsp;&nbsp;&nbsp; (426141)<br>|

---

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares Enhanced Roll Yield Index Fund** 

**Futures Contracts (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| *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 (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Sugar 11<sup>(a)</sup> | &nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; 06/30/26 | &nbsp;&nbsp;&nbsp;&nbsp; $2391 | &nbsp;&nbsp;&nbsp;&nbsp; $(36167)<br>|
| &nbsp;&nbsp;&nbsp; Cotton No.2<sup>(a)</sup> | &nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp; 07/09/26 | &nbsp;&nbsp;&nbsp;&nbsp; 2294 | &nbsp;&nbsp;&nbsp;&nbsp; (23709)<br>|
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $6225862 |

---

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

<sup>(a)</sup> All or a portion of the security is held by a wholly-owned subsidiary.

**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 Consolidated Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $78537694 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $78537694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19792468 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 19792468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 22600336 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 22600336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 259596543 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 259596543 |
|  | &nbsp;&nbsp; $22600336 | &nbsp;&nbsp;&nbsp;&nbsp; $357926705 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $380527041 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Contracts | &nbsp;&nbsp; $17660041 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $17660041 |
| &nbsp;&nbsp;&nbsp; Liabilities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Contracts | &nbsp;&nbsp; (11434179)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11434179)<br>|
|  | &nbsp;&nbsp; $6225862 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $6225862 |

---

&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**  |
| SOFR | Secured Overnight Financing Rate |

---

Consolidated 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:** iShares Enhanced Roll Yield Index Fund

- **b. EDGAR series identifier (if any):** S000087850

- **c. LEI of Series:** 5299009A7GAAAP4JH693

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $399705738.91

**Total Liabilities:** $120110.33

**Net Assets:** $399585628.58

**Amount of Assets Invested in Other Investment Companies:** $18044128.34

**Cash Not Reported:** $11794566.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2427.55000000 | **1-Year:** 1467.46000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253864 | 0.30%                | 3.26%                | 1.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $111.07                  | $-63567.02                                 |
| Month 2  | $516.88                  | $-14367.32                                 |
| Month 3  | $0.00                    | $-69381.63                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ICE Futures U.S., Inc.                                   | COTTON NO.2 FUTR DEC25                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        70 | NC      | $-127314.54   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | WHEAT FUTURE(CBT) MAY26                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        65 | NC      | $-103418.36   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                              | GOLD 100 OZ FUTR APR26                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        61 | NC      | $-297335.77   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797PN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2000000 | PA      | $1996907.98   | 0.50%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                 | SVENSKA HANDELSBANKEN AB                                 | CUSIP: 86959TJD9<br>LEI: N/A                  | Long             | STIV             | CORP              | SE        |    900000 | PA      | $900205.47    | 0.23%             | 2025-11-12      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | NY HARB ULSD FUT JAN26                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        38 | NC      | $136323.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                             | NATURAL GAS FUTR OCT25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        64 | NC      | $-520195.49   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                       | BRENT CRUDE FUTR JAN26                                   | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       163 | NC      | $716778.07    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                             | NY HARB ULSD FUT OCT25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        37 | NC      | $459881.47    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  16500000 | PA      | $16286576.13  | 4.08%             | 2025-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CDP Financial Inc                                        | CDP Financial Inc                                        | CUSIP: 12509TC96<br>LEI: 549300OXMGVYFCBFV096 | Long             | STIV             | CORP              | CA        |   1630000 | PA      | $1586800.27   | 0.40%             | 2026-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                                       | Macquarie Bank Ltd                                       | CUSIP: 55607LAD6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | US        |   2760000 | PA      | $2704197.77   | 0.68%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                              | SILVER FUTURE SEP25                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        31 | NC      | $441864.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN FUTURE NOV25                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       130 | NC      | $-155139.88   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12500000 | PA      | $12449507.63  | 3.12%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | WTI CRUDE FUTURE JAN26                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       104 | NC      | $310124.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                       | BRENT CRUDE FUTR DEC25                                   | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       163 | NC      | $1253601.11   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BK CDA N Y                                         | ROYAL BK OF CANADA                                       | CUSIP: 78015J4L8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1400000 | PA      | $1400406.28   | 0.35%             | 2025-11-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | WTI CRUDE FUTURE DEC25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       103 | NC      | $471365.99    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4989285.00   | 1.25%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | NATURAL GAS FUTR DEC25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        46 | NC      | $-231831.16   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME PRI ALUM FUTR DEC25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        48 | NC      | $-41490.95    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   3000000 | PA      | $2965939.35   | 0.74%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                                 | Bank of Montreal/Chicago IL                              | CUSIP: 06370B2M5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |    890000 | PA      | $890073.66    | 0.22%             | 2025-11-13      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                       | LOW SU GASOIL G DEC25                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        62 | NC      | $333474.35    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14989329.30  | 3.75%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME ZINC FUTURE OCT25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        34 | NC      | $78391.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COTTON NO.2 FUTR JUL26                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        65 | NC      | $-23708.56    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME NICKEL FUTURE DEC25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        23 | NC      | $-41204.35    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                              | GOLD 100 OZ FUTR DEC25                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        63 | NC      | $1654622.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MUFG Bank Ltd/New York NY                                | MUFG Bank Ltd/New York NY                                | CUSIP: 55381BJR0<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1999702.40   | 0.50%             | 2025-12-03      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4955258.50   | 1.24%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME PRI ALUM FUTR OCT25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        49 | NC      | $121227.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                              | CATTLE FEEDER FUT JAN26                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        12 | NC      | $98852.42     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN OIL FUTR DEC25                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       113 | NC      | $775209.76    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COFFEE 'C' FUTURE SEP25                                  | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        20 | NC      | $-72875.90    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BANK OF CANADA                                  | National Bank of Canada                                  | CUSIP: 63307NMP9<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |   1000000 | PA      | $1000549.10   | 0.25%             | 2026-02-05      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                       | LOW SU GASOIL G NOV25                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        61 | NC      | $533467.05    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME NICKEL FUTURE SEP25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        24 | NC      | $-69811.68    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN MEAL FUTR MAR26                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        88 | NC      | $-191753.20   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COFFEE 'C' FUTURE DEC25                                  | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        21 | NC      | $-570834.76   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14841018.75  | 3.71%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BK/NY                                 | Standard Chartered Bank/New York                         | CUSIP: 85325VQD5<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |   3500000 | PA      | $3500997.85   | 0.88%             | 2025-09-30      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES           | BlackRock Cash Funds: Treasury, SL Agency Shares         | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  22600336 | NS      | $22600336.32  | 5.66%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797NL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9800000 | PA      | $9663533.04   | 2.42%             | 2025-11-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BK                                      | TORONTO DOMINION BK                                      | CUSIP: 89115DEL6<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2999934.90   | 0.75%             | 2025-09-02      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797RK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4896176.40   | 1.23%             | 2026-01-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                              | LEAN HOGS FUTURE FEB26                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        56 | NC      | $-44808.12    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | KC HRW WHEAT FUT MAR26                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        63 | NC      | $-194708.97   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI TRUST NY                                 | Sumitomo Mitsui Trust NY                                 | CUSIP: 86564P6U0<br>LEI: 5493006GGLR4BTEL8O61 | Long             | STIV             | CORP              | JP        |   1800000 | PA      | $1800767.88   | 0.45%             | 2025-10-30      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BK                                      | TORONTO DOMINION BK                                      | CUSIP: 89115DPX8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1110000 | PA      | $1109961.04   | 0.28%             | 2025-11-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME TIN FUTURE NOV25                                     | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        13 | NC      | $22837.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                              | LEAN HOGS FUTURE DEC25                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        58 | NC      | $87884.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Industriel et Commercial/New York                 | Credit Industriel et Commercial/New York                 | CUSIP: 22536WLN4<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | US        |   3500000 | PA      | $3500034.30   | 0.88%             | 2025-12-12      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER S A N Y                                  | BANCO SANTANDER S A N Y                                  | CUSIP: 05973RFU1<br>LEI: N/A                  | Long             | STIV             | CORP              | ES        |   2880000 | PA      | $2878668.29   | 0.72%             | 2026-06-02      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                              | CATTLE FEEDER FUT SEP25                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        12 | NC      | $356156.53    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Canada                                  | National Bank of Canada                                  | CUSIP: 63307NPC5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |   3080000 | PA      | $3079990.76   | 0.77%             | 2026-04-24      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                       | UBS AG/Stamford CT                                       | CUSIP: 90275DUR9<br>LEI: 254900R882POXXVAK772 | Long             | STIV             | CORP              | CH        |   1120000 | PA      | $1120631.46   | 0.28%             | 2025-11-03      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                   | KC HRW WHEAT FUT DEC25                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        67 | NC      | $-307373.57   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | SUGAR 11 (WORLD) JUL26                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       129 | NC      | $-36166.55    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COTTON NO.2 FUTR MAR26                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        67 | NC      | $-51364.17    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  20000000 | PA      | $19600009.40  | 4.91%             | 2026-01-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | WTI CRUDE FUTURE OCT25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       101 | NC      | $704256.72    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                             | GASOLINE RBOB FUT OCT25                                  | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        38 | NC      | $318452.47    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO DOMINION BANK NY                                 | Toronto-Dominion Bank/NY                                 | CUSIP: 89115DL38<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   3000000 | PA      | $3000876.00   | 0.75%             | 2025-10-01      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                          | BANK OF AMERICA                                          | CUSIP: 06051WSB1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2540000 | PA      | $2539362.46   | 0.64%             | 2026-01-02      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME TIN FUTURE DEC25                                     | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        13 | NC      | $-48467.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | SUGAR 11 (WORLD) MAR26                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       125 | NC      | $-176110.88   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | WHEAT FUTURE(CBT) DEC25                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        72 | NC      | $-300775.02   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                              | LIVE CATTLE FUTR DEC25                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        28 | NC      | $302165.33    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COFFEE 'C' FUTURE MAR26                                  | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        22 | NC      | $-454922.22   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                 | Svenska Handelsbanken/New York NY                        | CUSIP: 86959TKL9<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |   2580000 | PA      | $2581266.78   | 0.65%             | 2026-01-13      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Inc                             | Citigroup Global Markets Inc                             | CUSIP: 17327AYE1<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | STIV             | CORP              | US        |   1010000 | PA      | $996960.50    | 0.25%             | 2025-11-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | SUGAR 11 (WORLD) MAY26                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       129 | NC      | $-173879.36   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN OIL FUTR JAN26                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       112 | NC      | $570031.95    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                              | LEAN HOGS FUTURE APR26                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        55 | NC      | $-14624.26    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | CORN FUTURE SEP25                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       167 | NC      | $-324299.63   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd                | Australia & New Zealand Banking Group Ltd                | CUSIP: 05253CFN1<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |   3960000 | PA      | $3810003.12   | 0.95%             | 2026-06-22      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BK AG N Y BRH INSTL C                           | DEUTSCHE BK AG N Y BRH INSTL C                           | CUSIP: 25161DAL7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1420000 | PA      | $1418831.34   | 0.36%             | 2026-07-17      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd/New York                | Oversea-Chinese Banking Corp Ltd/New York                | CUSIP: 69033NHE8<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | US        |   3750000 | PA      | $3749662.13   | 0.94%             | 2025-10-08      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                       | BRENT CRUDE FUTR FEB26                                   | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       164 | NC      | $481538.58    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN FUTURE JAN26                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       126 | NC      | $-364910.45   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | SUGAR 11 (WORLD) OCT25                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       122 | NC      | $-232319.07   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                              | CATTLE FEEDER FUT NOV25                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        12 | NC      | $274660.55    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                              | COPPER FUTURE SEP25                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        38 | NC      | $-281538.42   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | WHEAT FUTURE(CBT) SEP25                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        76 | NC      | $-211024.17   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797RP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4935867.90   | 1.24%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                              | CATTLE FEEDER FUT OCT25                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        12 | NC      | $298475.21    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME LEAD FUTURE OCT25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        39 | NC      | $-18294.85    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | CORN FUTURE DEC25                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       157 | NC      | $-421211.86   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | CORN FUTURE MAY26                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       155 | NC      | $-194750.47   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                              | SILVER FUTURE MAR26                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        29 | NC      | $86773.73     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                       | LOW SU GASOIL G OCT25                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        61 | NC      | $498091.90    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME TIN FUTURE SEP25                                     | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        13 | NC      | $-72088.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME ZINC FUTURE DEC25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        33 | NC      | $21125.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | KC HRW WHEAT FUT SEP25                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        71 | NC      | $-194099.11   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                             | GASOLINE RBOB FUT DEC25                                  | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        40 | NC      | $200097.54    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | WHEAT FUTURE(CBT) MAR26                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        68 | NC      | $-159153.55   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Swedbank AB/New York                                     | Swedbank AB/New York                                     | CUSIP: 87019WM51<br>LEI: M312WZV08Y7LYUC71685 | Long             | STIV             | CORP              | SE        |   2250000 | PA      | $2249240.40   | 0.56%             | 2026-04-09      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                              | LEAN HOGS FUTURE OCT25                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        61 | NC      | $148539.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN FUTURE MAY26                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       122 | NC      | $-159128.27   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                             | GASOLINE RBOB FUT NOV25                                  | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        39 | NC      | $310089.96    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME PRI ALUM FUTR NOV25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        49 | NC      | $78609.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal/Chicago IL                              | Bank of Montreal/Chicago IL                              | CUSIP: 06367DNT8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |   2250000 | PA      | $2249443.58   | 0.56%             | 2026-01-13      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | GASOLINE RBOB FUT JAN26                                  | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        40 | NC      | $118203.82    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | CORN FUTURE MAR26                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       150 | NC      | $-230810.04   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                             | NATURAL GAS FUTR JAN26                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        41 | NC      | $-137327.24   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   8000000 | PA      | $7883583.36   | 1.97%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                 | SVENSKA HANDELSBANKEN AB                                 | CUSIP: 86959TKH8<br>LEI: N/A                  | Long             | STIV             | CORP              | SE        |   3380000 | PA      | $3379437.23   | 0.85%             | 2025-11-07      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                             | DNB Bank ASA                                             | CUSIP: 2332K0YA4<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |    940000 | PA      | $928478.98    | 0.23%             | 2025-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  18000000 | PA      | $17931583.98  | 4.49%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN MEAL FUTR MAY26                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        86 | NC      | $-210866.37   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC BANK USA NA                                         | HSBC Bank USA NA                                         | CUSIP: 40435RWP2<br>LEI: 1IE8VN30JCEQV1H4R804 | Long             | STIV             | CORP              | US        |   1750000 | PA      | $1750609.00   | 0.44%             | 2025-12-04      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| MUFG BANK LTD/NY                                         | MUFG Bank Ltd/New York NY                                | CUSIP: 55381BKL1<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |   2280000 | PA      | $2280139.08   | 0.57%             | 2026-01-13      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| ROYAL BK CDA N Y                                         | ROYAL BK OF CANADA                                       | CUSIP: 78015JAC1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1999636.00   | 0.50%             | 2025-12-12      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN FUTURE MAR26                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       123 | NC      | $-166.96      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME LEAD FUTURE DEC25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        38 | NC      | $-67599.20    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Cooperatieve Rabobank UA/NY                              | Cooperatieve Rabobank UA/NY                              | CUSIP: 21684XY91<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |   6750000 | PA      | $6748166.03   | 1.69%             | 2025-10-14      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN MEAL FUTR DEC25                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        95 | NC      | $-348489.16   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                              | SILVER FUTURE DEC25                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        30 | NC      | $672064.01    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4993468.75   | 1.25%             | 2025-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                                       | Macquarie Bank Ltd                                       | CUSIP: 55607KYA8<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   3000000 | PA      | $2962175.10   | 0.74%             | 2025-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN MEAL FUTR JAN26                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        91 | NC      | $-380122.34   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME PRI ALUM FUTR SEP25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        49 | NC      | $164819.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Banking Corp                             | Sumitomo Mitsui Banking Corp                             | CUSIP: 86565GQJ2<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        |   2740000 | PA      | $2739656.13   | 0.69%             | 2026-03-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME ZINC FUTURE SEP25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        34 | NC      | $71447.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO BANK LTD/NY                                       | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TB42<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | JP        |   1000000 | PA      | $1000549.90   | 0.25%             | 2026-02-06      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  10000000 | PA      | $9625628.70   | 2.41%             | 2026-07-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                              | LIVE CATTLE FUTR FEB26                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        29 | NC      | $201591.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                              | COPPER FUTURE NOV25                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        37 | NC      | $-545240.09   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| NORDEA BANK ABP NEW YORK                                 | Nordea Bank Abp/New York NY                              | CUSIP: 65558WLD8<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |   3760000 | PA      | $3760458.72   | 0.94%             | 2026-03-17      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4840392.15   | 1.21%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | NATURAL GAS FUTR NOV25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        56 | NC      | $-413370.72   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COFFEE 'C' FUTURE MAY26                                  | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        22 | NC      | $-426141.21   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  18000000 | PA      | $17823988.08  | 4.46%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | NY HARB ULSD FUT DEC25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        38 | NC      | $336518.01    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NOVA SCOTIA HOUS                                 | Bank of Nova Scotia/Houston                              | CUSIP: 06418NFC1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |   3000000 | PA      | $3001773.90   | 0.75%             | 2026-01-02      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                              | COPPER FUTURE DEC25                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        37 | NC      | $-897898.61   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                              | LIVE CATTLE FUTR OCT25                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        28 | NC      | $345201.54    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN OIL FUTR MAR26                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       111 | NC      | $531920.59    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                              | LIVE CATTLE FUTR APR26                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |        28 | NC      | $104033.59    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                             | NY HARB ULSD FUT NOV25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        38 | NC      | $494557.41    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14890231.96  | 3.73%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797PQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11961412.44  | 2.99%             | 2025-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4975585.05   | 1.25%             | 2025-09-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Salisbury Receivables Co LLC                             | Salisbury Receivables Co LLC                             | CUSIP: 79490AV47<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |   1820000 | PA      | $1819120.03   | 0.46%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN OIL FUTR MAY26                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       111 | NC      | $346773.45    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME LEAD FUTURE NOV25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        39 | NC      | $-27228.35    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME LEAD FUTURE SEP25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        40 | NC      | $14197.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA/New York NY                               | BNP Paribas SA/New York NY                               | CUSIP: 05593DJ79<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |   2850000 | PA      | $2846944.23   | 0.71%             | 2026-07-14      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  10000000 | PA      | $9740946.50   | 2.44%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                              | GOLD 100 OZ FUTR FEB26                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        62 | NC      | $-215871.24   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Bank Ltd                                       | Macquarie Bank Ltd                                       | CUSIP: 55607LCK8<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | US        |    930000 | PA      | $904192.59    | 0.23%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  10000000 | PA      | $9652942.80   | 2.42%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME NICKEL FUTURE OCT25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        23 | NC      | $-109061.11   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | KC HRW WHEAT FUT MAY26                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |        60 | NC      | $-72922.88    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COTTON NO.2 FUTR MAY26                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        65 | NC      | $-13773.91    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                              | COPPER FUTURE OCT25                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        38 | NC      | $-380264.95   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797RM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  10000000 | PA      | $9888668.60   | 2.47%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME ZINC FUTURE NOV25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        33 | NC      | $65079.55     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  15500000 | PA      | $15463006.62  | 3.87%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | WTI CRUDE FUTURE NOV25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       102 | NC      | $866409.25    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe                                       | LOW SU GASOIL G JAN26                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |        62 | NC      | $147618.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Bank Ltd/New York NY                              | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TYN5<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        |   2640000 | PA      | $2640196.94   | 0.66%             | 2026-01-14      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ TR&BK NY                                  | Mitsubishi UFJ Trust & Banking Corp/NY                   | CUSIP: 60683D4Y2<br>LEI: JBONEPAGQXF4QP29B387 | Long             | STIV             | CORP              | JP        |   3000000 | PA      | $3000079.80   | 0.75%             | 2025-08-08      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   7500000 | PA      | $7355694.60   | 1.84%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DZ Bank AG Deutsche Zentral-Genossenschaftsbank/New York | DZ Bank AG Deutsche Zentral-Genossenschaftsbank/New York | CUSIP: 23344JCR4<br>LEI: 529900HNOAA1KXQJUQ27 | Long             | STIV             | CORP              | US        |   3500000 | PA      | $3499980.40   | 0.88%             | 2025-08-07      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                       | BRENT CRUDE FUTR NOV25                                   | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       162 | NC      | $995494.43    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME TIN FUTURE OCT25                                     | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        13 | NC      | $39138.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME NICKEL FUTURE NOV25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        23 | NC      | $-74093.05    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer