# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0002071691-25-002317
**Filing Date:** 2025-9
**Character Count:** 34400
**Document Hash:** 0dc314b234958840dbdbec785ae8b85c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-002317.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002071691-25-002317

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05742
- **FILM NUMBER:** 251347007

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

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

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

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

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

## Series and Classes Contracts Data

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

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000240569 | Investor A    |  |
| C000240570 | Institutional |  |
| C000240571 | Class K       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

- **a. Name of Series:** BlackRock Emerging Markets ex-China Fund

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

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

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

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

- **b. Date as of which information is reported:** 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:** $12940262.27

**Total Liabilities:** $100107.06

**Net Assets:** $12840155.21

**Cash Not Reported:** $88792.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240569 | 5.19%                | 7.14%                | -2.06%               |
| Class ID C000240570 | 5.28%                | 7.12%                | -2.05%               |
| Class ID C000240571 | 5.18%                | 7.21%                | -2.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-88842.81               | $600254.23                                 |
| Month 2  | $-69007.33               | $789893.04                                 |
| Month 3  | $87606.17                | $-357070.39                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                    | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Saudi National Bank (The)                               | Saudi National Bank (The)                               | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |      6242 | NS      | $62289.50     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Malayan Banking Bhd.                                    | Malayan Banking Bhd.                                    | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |     60100 | NS      | $132185.16    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV          | Grupo Aeroportuario del Centro Norte SAB de CV          | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |      7883 | NS      | $104562.05    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| KEC International Ltd.                                  | KEC International Ltd.                                  | CUSIP: N/A<br>LEI: 335800UCWKGDJBU7ZT31       | Long             | EC               | CORP              | IN        |     15561 | NS      | $152324.32    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Varun Beverages Ltd.                                    | Varun Beverages Ltd.                                    | CUSIP: N/A<br>LEI: 33580058NWEMWBDNMD48       | Long             | EC               | CORP              | IN        |     19657 | NS      | $116827.80    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | Cyrela Brazil Realty SA Empreendimentos e Participacoes | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     36190 | NS      | $157697.67    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hapvida Participacoes e Investimentos SA                | Hapvida Participacoes e Investimentos SA                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |         1 | NS      | $5.90         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | FPT Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     19320 | NS      | $-3572.79     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Thai Beverage PCL                                       | Thai Beverage PCL                                       | CUSIP: N/A<br>LEI: 529900VZFHQZ684D8L07       | Long             | EC               | CORP              | TH        |    102400 | NS      | $36565.36     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | FPT Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |      1380 | NS      | $-241.30      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Becle SAB de CV                                         | Becle SAB de CV                                         | CUSIP: N/A<br>LEI: 529900JY55CZKMJLCE09       | Long             | EC               | CORP              | MX        |     46905 | NS      | $58752.46     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Garanti Bankasi A/S                             | Turkiye Garanti Bankasi A/S                             | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |     27783 | NS      | $97404.94     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| XP, Inc.                                                | XP, Inc., Class A                                       | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |     19430 | NS      | $313600.20    | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                    | Fomento Economico Mexicano SAB de CV                    | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | MX        |      3746 | NS      | $33818.25     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Lodha Developers Ltd.                                   | Lodha Developers Ltd.                                   | CUSIP: N/A<br>LEI: 254900B5QCN52ETNU557       | Long             | EC               | CORP              | IN        |      3782 | NS      | $52881.03     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.             | Taiwan Semiconductor Manufacturing Co. Ltd.             | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     46000 | NS      | $1770967.23   | 13.79%            |  |  |  | No            |                  2 | On Loan: No      |
| Yapi ve Kredi Bankasi A/S                               | Yapi ve Kredi Bankasi A/S                               | CUSIP: N/A<br>LEI: B85ZYWEZ5IZCZ2WNIO12       | Long             | EC               | CORP              | TR        |     44541 | NS      | $36836.39     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                               | Kia Corp.                                               | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      1882 | NS      | $137707.43    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.KZ JSC                                            | Kaspi.KZ JSC                                            | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |      1530 | NS      | $120717.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HDB Financial Services Ltd.                             | HDB Financial Services Ltd.                             | CUSIP: N/A<br>LEI: 335800WLGF5TDN2DEO63       | Long             | EC               | CORP              | IN        |      7413 | NS      | $64191.91     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | ICICI Bank Ltd.                                         | CUSIP: 45104G104<br>LEI: N/A                  | N/A              | DE               |  | US        |      2096 | NS      | $209.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                   | Emaar Properties PJSC                                   | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |     32812 | NS      | $135884.48    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MAG Silver Corp.                                        | MAG Silver Corp.                                        | CUSIP: 55903Q104<br>LEI: 254900LGL904N7F3EL14 | Long             | EC               | CORP              | CA        |      5589 | NS      | $114127.38    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Akbank TAS                                              | Akbank TAS                                              | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |     74681 | NS      | $123817.96    | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                              | Bank Polska Kasa Opieki SA                              | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |      2701 | NS      | $146673.49    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| EPAM Systems, Inc.                                      | EPAM Systems, Inc.                                      | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |       378 | NS      | $59614.38     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                        | Powszechny Zaklad Ubezpieczen SA                        | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |     16852 | NS      | $282456.14    | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                    | Fomento Economico Mexicano SAB de CV                    | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |       390 | NS      | $35279.40     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Life Insurance Co. Ltd.                            | HDFC Life Insurance Co. Ltd.                            | CUSIP: N/A<br>LEI: 335800RQI8GAFHIRGZ37       | Long             | EC               | CORP              | IN        |     26327 | NS      | $226206.64    | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Axis Bank Ltd.                                          | CUSIP: 05462W109<br>LEI: N/A                  | N/A              | DE               |  | GB        |      1938 | NS      | $-12874.93    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk. PT                               | Bank Central Asia Tbk. PT                               | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |    174100 | NS      | $87258.15     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                          | HDFC Bank Ltd.                                          | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |     14186 | NS      | $325544.75    | 2.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                            | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |        42 | NS      | $52557.55     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansol Chemical Co. Ltd.                                | Hansol Chemical Co. Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       599 | NS      | $77715.27     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                            | Wal-Mart de Mexico SAB de CV                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     30302 | NS      | $89323.84     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava plc                                              | Endava plc                                              | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |      8839 | NS      | $113139.20    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Rede D'Or Sao Luiz SA                                   | Rede D'Or Sao Luiz SA                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     26720 | NS      | $154511.27    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Krungthai Card PCL                                      | Krungthai Card PCL                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |      8200 | NS      | $7135.83      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Emaar Properties PJSC                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      5229 | NS      | $1795.22      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk. PT                   | Bank Rakyat Indonesia Persero Tbk. PT                   | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |    422200 | NS      | $94543.52     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Wizz Air Holdings plc                                   | Wizz Air Holdings plc                                   | CUSIP: N/A<br>LEI: 213800COXGZCORLJZA85       | Long             | EC               | CORP              | JE        |      1224 | NS      | $20221.34     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd.                                  | Godrej Properties Ltd.                                  | CUSIP: N/A<br>LEI: 335800KM3Y5NZWXOE183       | Long             | EC               | CORP              | IN        |      5034 | NS      | $120030.03    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp.                                      | Kinross Gold Corp.                                      | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |      9687 | NS      | $154992.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co. Ltd.                                    | Samsung SDI Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |       244 | NS      | $35013.07     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                           | Al Rajhi Bank                                           | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      4491 | NS      | $113236.38    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                          | MediaTek, Inc.                                          | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |      5000 | NS      | $226422.87    | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Lodha Developers Ltd.                                   | Lodha Developers Ltd.                                   | CUSIP: N/A<br>LEI: 254900B5QCN52ETNU557       | Long             | EC               | CORP              | IN        |      4308 | NS      | $60235.72     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                          | OTP Bank Nyrt.                                          | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      2683 | NS      | $217714.57    | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                        | Apollo Hospitals Enterprise Ltd.                        | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |      1717 | NS      | $146384.25    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| LPP SA                                                  | LPP SA                                                  | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752       | Long             | EC               | CORP              | PL        |        42 | NS      | $186537.24    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                 | Accton Technology Corp.                                 | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |     13000 | NS      | $383944.75    | 2.99%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp.                             | President Chain Store Corp.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     10000 | NS      | $85694.87     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Azzas 2154 SA                                           | Azzas 2154 SA                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     11055 | NS      | $70086.44     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                                | Reliance Industries Ltd.                                | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |     12447 | NS      | $196569.22    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Square Co. Ltd.                                      | SK Square Co. Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1502 | NS      | $161781.07    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      2742 | NS      | $92405.40     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BBB Foods, Inc.                                         | BBB Foods, Inc., Class A                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |      1589 | NS      | $40551.28     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp.                                        | ERO Copper Corp.                                        | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |      7907 | NS      | $106997.87    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Electric Co. Ltd.                            | HD Hyundai Electric Co. Ltd.                            | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |       239 | NS      | $85051.04     | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Siam Cement PCL (The)                                   | Siam Cement PCL (The)                                   | CUSIP: N/A<br>LEI: 254900RMCZY0X6F2KB70       | Long             | EC               | CORP              | TH        |      4800 | NS      | $29478.03     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                               | BlackRock Liquidity Funds, T-Fund, Institutional Class  | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |   1026633 | NS      | $1026633.47   | 8.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix, Inc.                                          | SK Hynix, Inc.                                          | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      1898 | NS      | $367862.71    | 2.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Ez Tec Empreendimentos e Participacoes S/A              | Ez Tec Empreendimentos e Participacoes S/A              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     58984 | NS      | $145259.77    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp.                                            | Wiwynn Corp.                                            | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |      4000 | NS      | $365066.38    | 2.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                        | Telkom Indonesia Persero Tbk. PT                        | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |    251000 | NS      | $44074.33     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang, Inc.                                           | Coupang, Inc., Class A                                  | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |      5105 | NS      | $150240.15    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Americana Restaurants International plc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |    103220 | NS      | $-3698.28     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                | Mahindra & Mahindra Ltd.                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |      2142 | NS      | $77326.20     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Americana Restaurants International plc                 | Americana Restaurants International plc                 | CUSIP: N/A<br>LEI: 549300EYHRPEZ6UVAM64       | Long             | EC               | CORP              | AE        |     71509 | NS      | $41290.93     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |     13001 | NS      | $218927.86    | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                         | Lojas Renner SA                                         | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |     83031 | NS      | $240216.12    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd.                                          | Axis Bank Ltd.                                          | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |       881 | NS      | $53438.46     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                       | BDO Unibank, Inc.                                       | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |     43580 | NS      | $106384.28    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd. (Preference)               | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EP               | CORP              | KR        |      2588 | NS      | $106559.51    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                                               | InPost SA                                               | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | EC               | CORP              | LU        |      6597 | NS      | $94750.74     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                      | Bharti Airtel Ltd.                                      | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      9271 | NS      | $201821.80    | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                      | Grupo Financiero Banorte SAB de CV, Class O             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |      5795 | NS      | $51643.54     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishal Mega Mart Ltd.                                   | Vishal Mega Mart Ltd.                                   | CUSIP: N/A<br>LEI: 335800AL4QPSIFSU3936       | Long             | EC               | CORP              | IN        |     26760 | NS      | $42467.41     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Alchip Technologies Ltd.                                | Alchip Technologies Ltd.                                | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | KY        |      3000 | NS      | $383511.26    | 2.99%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMB Group Holdings Bhd.                                | CIMB Group Holdings Bhd.                                | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |     79300 | NS      | $121219.36    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co. Ltd.                                          | Lotes Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1000 | NS      | $46759.92     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                            | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      5577 | NS      | $284226.08    | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                | Mahindra & Mahindra Ltd.                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |      6754 | NS      | $246038.80    | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp.                                     | Eldorado Gold Corp.                                     | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |      9715 | NS      | $199157.50    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer