# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001752724-23-071976
**Filing Date:** 2023-3
**Character Count:** 65569
**Document Hash:** abaab4d0457d9daf43adcdfd231e2a86
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-071976.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-071976

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS
- **CENTRAL INDEX KEY:** 0000844779
- **IRS NUMBER:** 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:** 23774096

**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 Defensive Advantage International Fund (Series ID: S000070273)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000223503 | Class K       |  |
| C000223504 | Institutional |  |
| C000223505 | Investor A    |  |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) <br> January 31, 2023 | **BlackRock Defensive Advantage International Fund**<br> **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Australia — 3.6%** | **Australia — 3.6%** | **Australia — 3.6%** |
|  Aristocrat Leisure Ltd. | 6367 | $153720 |
|  Aurizon Holdings Ltd. | 13438 | 35124 |
|  Telstra Corp. Ltd. | 52821 | 152662 |
|  Westpac Banking Corp. | 762 | 12821 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;354327 |
| **Austria — 2.0%** |  |  |
|  ANDRITZ AG | 2326 | 139099 |
|  BAWAG Group AG<sup>(a)</sup>  | 738 | 45715 |
|  Telekom Austria AG | 1738 | 11682 |
|  |  | 196496 |
| **Belgium — 2.6%** |  |  |
|  Anheuser-Busch InBev SA | 2392 | 144385 |
|  UCB SA | 1345 | 110431 |
|  |  | 254816 |
| **China — 1.5%** |  |  |
|  BOC Hong Kong Holdings Ltd. | 41500 | 145038 |
| **Denmark — 2.3%** |  |  |
|  Carlsberg A/S, Class B | 739 | 104910 |
|  Genmab A/S<sup>(b)</sup>  | 262 | 102677 |
|  H Lundbeck A/S | 4316 | 16037 |
|  Novo Nordisk A/S, Class B | 65 | 8995 |
|  |  | 232619 |
| **Finland — 0.7%** |  |  |
|  Sampo OYJ, A Shares | 1423 | 74707 |
| **France — 5.8%** |  |  |
|  Air Liquide SA | 628 | 99994 |
|  Engie SA | 3609 | 51247 |
|  Hermes International | 23 | 43045 |
|  Ipsen SA | 51 | 5357 |
|  La Francaise des Jeux SAEM<sup>(a)</sup>  | 15 | 642 |
|  L'Oreal SA | 332 | 137087 |
|  Orange SA | 8592 | 90927 |
|  Sanofi | 1502 | 147082 |
|  Teleperformance | 11 | 3058 |
|  |  | 578439 |
| **Germany — 6.2%** |  |  |
|  Deutsche Post AG, Registered Shares | 3402 | 146479 |
|  Deutsche Telekom AG, Registered Shares | 6807 | 151652 |
|  SAP SE | 1295 | 153509 |
|  Siemens AG, Registered Shares | 862 | 134649 |
|  Talanx AG<sup>(b)</sup>  | 617 | 30523 |
|  |  | 616812 |
| **Hong Kong — 8.2%** |  |  |
|  AIA Group Ltd. | 800 | 9046 |
|  ASMPT Ltd. | 1800 | 14867 |
|  CK Infrastructure Holdings Ltd. | 14500 | 80672 |
|  CLP Holdings Ltd. | 15500 | 115164 |
|  Dah Sing Banking Group Ltd. | 800 | 647 |
|  HK Electric Investments & HK Electric Investments Ltd., Class SS | 26500 | 18318 |
|  HKT Trust & HKT Ltd., Class SS | 48000 | 62888 |
|  Hong Kong & China Gas Co. Ltd. | 13950 | 14006 |
|  Hongkong Land Holdings Ltd. | 8000 | 39110 |
|  Hutchison Telecommunications Hong Kong Holdings Ltd. | 26000 | 4509 |
|  Jardine Matheson Holdings Ltd. | 2400 | 127573 |
|  Kerry Properties Ltd. | 11000 | 27890 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
|  **Hong Kong (continued)** |  |  |
|  Link REIT | 7900 | $63234 |
|  MTR Corp. Ltd. | 24000 | 128436 |
|  NWS Holdings Ltd. | 15000 | 14136 |
|  PCCW Ltd. | 60000 | 29482 |
|  Power Assets Holdings Ltd. | 9500 | 53753 |
|  Sino Land Co. Ltd. | 2000 | 2599 |
|  Swire Properties Ltd. | 5200 | 14615 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;820945 |
| **Ireland — 0.3%** |  |  |
|  Experian PLC | 694 | 25379 |
| **Israel — 2.4%** |  |  |
|  Bank Hapoalim BM | 6169 | 55525 |
|  Bezeq The Israeli Telecommunication Corp. Ltd. | 62602 | 103745 |
|  Elbit Systems Ltd. | 36 | 6044 |
|  First International Bank Of Israel Ltd. | 1763 | 71214 |
|  Mizrahi Tefahot Bank Ltd. | 235 | 7762 |
|  |  | 244290 |
| **Italy — 2.9%** |  |  |
|  Mediobanca Banca di Credito Finanziario SpA | 5630 | 60522 |
|  Recordati Industria Chimica e Farmaceutica SpA | 177 | 7754 |
|  Snam SpA | 28953 | 147473 |
|  Terna - Rete Elettrica Nazionale | 9576 | 75764 |
|  |  | 291513 |
| **Japan — 27.8%** |  |  |
|  Aeon Co. Ltd. | 5000 | 102508 |
|  Alfresa Holdings Corp. | 5000 | 62585 |
|  Astellas Pharma, Inc. | 9900 | 145729 |
|  Benesse Holdings, Inc. | 3000 | 45887 |
|  Central Japan Railway Co. | 500 | 60987 |
|  Fast Retailing Co. Ltd. | 200 | 121472 |
|  Fuji Media Holdings, Inc. | 4500 | 38007 |
|  Japan Post Bank Co. Ltd. | 16500 | 146600 |
|  Kamigumi Co. Ltd. | 3300 | 67506 |
|  KDDI Corp. | 4800 | 149969 |
|  Kinden Corp. | 1000 | 11462 |
|  Lawson, Inc. | 3800 | 151948 |
|  Lion Corp. | 12100 | 133944 |
|  Mitsubishi Corp. | 4400 | 147338 |
|  Mitsubishi Gas Chemical Co., Inc. | 10200 | 149048 |
|  Mitsubishi UFJ Financial Group, Inc. | 3800 | 27835 |
|  Nippon Telegraph & Telephone Corp. | 1200 | 35983 |
|  Nippon Television Holdings, Inc. | 4500 | 36381 |
|  Ono Pharmaceutical Co. Ltd. | 1000 | 21699 |
|  Oracle Corp. Japan | 1500 | 102760 |
|  Pola Orbis Holdings, Inc. | 4100 | 59154 |
|  Santen Pharmaceutical Co. Ltd. | 16000 | 124732 |
|  Seven Bank Ltd. | 1700 | 3493 |
|  Skylark Holdings Co. Ltd.<sup>(b)</sup>  | 4900 | 58314 |
|  SoftBank Corp. | 10100 | 115565 |
|  Sohgo Security Services Co. Ltd. | 3300 | 90855 |
|  Taisho Pharmaceutical Holdings Co. Ltd. | 1600 | 67305 |
|  Takeda Pharmaceutical Co. Ltd. | 4600 | 144612 |
|  Tokio Marine Holdings, Inc. | 400 | 8378 |
|  Trend Micro, Inc.<sup>(b)</sup>  | 300 | 14854 |
|  Tsuruha Holdings, Inc. | 2000 | 147255 |
|  USS Co. Ltd. | 1200 | 19738 |
|  Yamada Holdings Co. Ltd. | 42000 | 152501 |
|  |  | 2766404 |

---

------

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock Defensive Advantage International Fund**<br> **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Netherlands — 3.0%** |  |  |
|  Heineken Holding NV | 1552 | $&nbsp;&nbsp;&nbsp;&nbsp;128142 |
|  Koninklijke Ahold Delhaize NV | 775 | 23132 |
|  Wolters Kluwer NV | 1315 | 143365 |
|  |  | 294639 |
| **Norway — 0.5%** |  |  |
|  Telenor ASA | 4479 | 46889 |
| **Singapore — 6.4%** |  |  |
|  ComfortDelGro Corp. Ltd. | 4400 | 4031 |
|  DBS Group Holdings Ltd. | 3100 | 84866 |
|  Jardine Cycle & Carriage Ltd. | 3800 | 84244 |
|  Oversea-Chinese Banking Corp. Ltd. | 7800 | 77067 |
|  Sembcorp Industries Ltd. | 1300 | 3585 |
|  Singapore Airlines Ltd. | 33600 | 151935 |
|  Singapore Telecommunications Ltd. | 70400 | 134827 |
|  United Overseas Bank Ltd. | 4100 | 93196 |
|  |  | 633751 |
| **Spain — 0.7%** |  |  |
|  Bankinter SA | 9312 | 67186 |
|  Mapfre SA | 1668 | 3355 |
|  |  | 70541 |
| **Switzerland — 12.6%** |  |  |
|  Chocoladefabriken Lindt & Spruengli AG | 14 | 153758 |
|  Chocoladefabriken Lindt & Spruengli AG, Registered Shares | 1 | 112559 |
|  DKSH Holding AG | 122 | 10394 |
|  Nestle SA, Registered Shares | 1222 | 149095 |
|  Novartis AG, Registered Shares | 1626 | 147005 |
|  Roche Holding AG | 862 | 290370 |
|  Swatch Group AG | 18 | 6517 |
|  Swiss Re AG | 1467 | 153611 |
|  UBS Group AG, Registered Shares | 7105 | 151659 |
|  Zurich Insurance Group AG | 167 | 82586 |
|  |  | 1257554 |
| **United Kingdom — 7.9%** |  |  |
|  AstraZeneca PLC | 1020 | 133633 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **United Kingdom (continued)** |  |  |
|  British American Tobacco PLC | 1682 | $64476 |
|  Diageo PLC | 122 | 5335 |
|  GSK PLC | 3274 | 57508 |
|  Haleon PLC<sup>(b)</sup>  | 678 | 2717 |
|  Imperial Brands PLC | 464 | 11640 |
|  J Sainsbury PLC | 38551 | 125024 |
|  Kingfisher PLC | 15809 | 54540 |
|  National Grid PLC | 9752 | 123976 |
|  RELX PLC | 1025 | 30452 |
|  SSE PLC | 316 | 6745 |
|  Tesco PLC | 401 | 1219 |
|  Unilever PLC | 2811 | 143077 |
|  United Utilities Group PLC | 2191 | 28669 |
|  |  | 789011 |
|  **Total Long-Term Investments — 97.4%<br>(Cost: $9,149,136)** |  | 9694170 |
|  **Short-Term Securities** |  |  |
|  **Money Market Funds — 2.4%** |  |  |
|  BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.07%<sup>(c)(d)</sup>  | 244487 | 244487 |
|  **Total Short-Term Securities — 2.4%<br>(Cost: $244,487)** |  | 244487 |
|  **Total Investments — 99.8%<br>(Cost: $9,393,623)** |  | 9938657 |
|  **Other Assets Less Liabilities — 0.2%** |  | 17000 |
|  **Net Assets — 100.0%** |  | $9955657 |

---

<sup>(a)</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>(b)</sup> Non-income producing security. (c) Affiliate of the Fund.

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

**Affiliates** 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at<br>04/30/22* | *Purchases<br>at Cost* | *Proceeds<br>from Sales* | *Value at<br>01/31/23* | *Shares<br>Held at<br>01/31/23* | *Income* | *Capital Gain<br>Distributions<br>from<br>Underlying<br>Funds* |
|  BlackRock Liquidity Funds, T-Fund, Institutional Class | $237353 | $7134 <sup>(a)</sup> | $– $– $– $| 244487 | 244487 | $3594 | $— |

---

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

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

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of<br>Contracts* | *Expiration<br>Date* | *Notional<br>Amount (000)* | *Value/<br>Unrealized<br>Appreciation<br>(Depreciation)* |
|  Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI EAFE Index | 2 | 03/17/23 | $212 | $12895 |

---

S C H E D U L E O F I N V E S T M E N T S 2

------

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock Defensive Advantage International Fund** |

---

**Fair Value Hierarchy as of Period End** 

Various inputs are used in determining the fair value of financial instruments. 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;• Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the
Fund has the ability to access;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or
liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield
curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent
observable inputs are not available (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. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
|  Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | $— | $9694170 | $— | $9694170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | 244487 |  |  | 244487 |
|  | $&nbsp;&nbsp;&nbsp;&nbsp;244487 | $9694170 | $— | $9938657 |
|  Derivative Financial Instruments<sup>(a)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | $12895 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $12895 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| MSCI | Morgan Stanley Capital International |
| REIT | Real Estate Investment Trust |

---

## 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 Defensive Advantage International Fund

- **b. EDGAR series identifier (if any):** S000070273

- **c. LEI of Series:** 549300RZ73RXR4LRZX07

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $10029544.41

**Total Liabilities:** $73955.49

**Net Assets:** $9955588.92

**Cash Not Reported:** $11381.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223504 | 10.60%               | 0.11%                | 4.08%                |
| Class ID C000223503 | 10.60%               | 0.11%                | 4.19%                |
| Class ID C000223505 | 10.49%               | 0.05%                | 4.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-50153.52               | $949284.72                                 |
| Month 2  | $112121.99               | $-106981.59                                |
| Month 3  | $70485.71                | $312095.47                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| H Lundbeck A/S                                        | H Lundbeck A/S                                          | CUSIP: 000000000<br>LEI: 5493006R4KC2OI5D3470 | Long             | EC               | CORP              | DK        |      4316 | NS      | $16037.51     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingfisher PLC                                        | Kingfisher PLC                                          | CUSIP: 000000000<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |     15809 | NS      | $54539.75     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd                            | BOC Hong Kong Holdings Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     41500 | NS      | $145037.81    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Properties Ltd                                  | Kerry Properties Ltd                                    | CUSIP: 000000000<br>LEI: 5299006T5ULIIRZ7LK49 | Long             | EC               | CORP              | BM        |     11000 | NS      | $27889.46     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands PLC                                   | Imperial Brands PLC                                     | CUSIP: 000000000<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |       464 | NS      | $11640.01     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                             | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    206339 | NS      | $206339.11    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Corp                                         | SoftBank Corp                                           | CUSIP: 000000000<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |     10100 | NS      | $115565.14    | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                            | L'Oreal SA                                              | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |       332 | NS      | $137086.65    | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                | Chocoladefabriken Lindt & Spruengli AG                  | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |         1 | NS      | $112559.33    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| La Francaise des Jeux SAEM                            | La Francaise des Jeux SAEM                              | CUSIP: 000000000<br>LEI: 969500R4CLSQFTYYI535 | Long             | EC               | CORP              | FR        |        15 | NS      | $641.82       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Properties Ltd                                  | Swire Properties Ltd                                    | CUSIP: 000000000<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |      5200 | NS      | $14614.89     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd                                | Aristocrat Leisure Ltd                                  | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |      6367 | NS      | $153719.91    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Lion Corp                                             | Lion Corp                                               | CUSIP: 000000000<br>LEI: 529900MPGS2GM7VPG855 | Long             | EC               | CORP              | JP        |     12100 | NS      | $133943.70    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken Holding NV                                   | Heineken Holding NV                                     | CUSIP: 000000000<br>LEI: 724500M1WJLFM9TYBS04 | Long             | EC               | CORP              | NL        |      1552 | NS      | $128142.26    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam SpA                                              | Snam SpA                                                | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |     28953 | NS      | $147472.96    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Bezeq The Israeli Telecommunication Corp Ltd          | Bezeq The Israeli Telecommunication Corp Ltd            | CUSIP: 000000000<br>LEI: 213800XCGZCFSWY9U863 | Long             | EC               | CORP              | IL        |     62602 | NS      | $103744.83    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco PLC                          | British American Tobacco PLC                            | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      1682 | NS      | $64477.45     | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                | Chocoladefabriken Lindt & Spruengli AG                  | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |        14 | NS      | $153758.06    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc                    | Mitsubishi UFJ Financial Group Inc                      | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |      3800 | NS      | $27834.55     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Telecommunications Ltd                      | Singapore Telecommunications Ltd                        | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |     70400 | NS      | $134827.36    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Skylark Holdings Co Ltd                               | Skylark Holdings Co Ltd                                 | CUSIP: 000000000<br>LEI: F5UBQYY43K0L53B9SF55 | Long             | EC               | CORP              | JP        |      4900 | NS      | $58314.28     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesco PLC                                             | Tesco PLC                                               | CUSIP: 000000000<br>LEI: 2138002P5RNKC5W2JZ46 | Long             | EC               | CORP              | GB        |       401 | NS      | $1218.80      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Terna - Rete Elettrica Nazionale                      | Terna - Rete Elettrica Nazionale                        | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |      9576 | NS      | $75763.97     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Sembcorp Industries Ltd                               | Sembcorp Industries Ltd                                 | CUSIP: 000000000<br>LEI: 254900J0FF14U6TPQM96 | Long             | EC               | CORP              | SG        |      1300 | NS      | $3584.97      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Airlines Ltd                                | Singapore Airlines Ltd                                  | CUSIP: 000000000<br>LEI: 549300ZG62N2599PWR15 | Long             | EC               | CORP              | SG        |     33600 | NS      | $151934.66    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                          | Unilever PLC                                            | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      2811 | NS      | $143077.24    | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                | SAP SE                                                  | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      1295 | NS      | $153509.25    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| MTR Corp Ltd                                          | MTR Corp Ltd                                            | CUSIP: 000000000<br>LEI: 254900IH4U9NHH9AQM97 | Long             | EC               | CORP              | HK        |     24000 | NS      | $128436.17    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| CLP Holdings Ltd                                      | CLP Holdings Ltd                                        | CUSIP: 000000000<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |     15500 | NS      | $115163.90    | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Hutchison Telecommunications Hong Kong Holdings Ltd   | Hutchison Telecommunications Hong Kong Holdings Ltd     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     26000 | NS      | $4508.83      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Hapoalim BM                                      | Bank Hapoalim BM                                        | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |      6169 | NS      | $55524.43     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Sohgo Security Services Co Ltd                        | Sohgo Security Services Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3300 | NS      | $90855.21     | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| ANDRITZ AG                                            | ANDRITZ AG                                              | CUSIP: 000000000<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |      2326 | NS      | $139098.32    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                      | Novo Nordisk A/S                                        | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |        65 | NS      | $8995.34      | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NWS Holdings Ltd                                      | NWS Holdings Ltd                                        | CUSIP: 000000000<br>LEI: 2549002WHK9XGQC01O62 | Long             | EC               | CORP              | BM        |     15000 | NS      | $14136.25     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizrahi Tefahot Bank Ltd                              | Mizrahi Tefahot Bank Ltd                                | CUSIP: 000000000<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | EC               | CORP              | IL        |       235 | NS      | $7762.21      | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                                | DBS Group Holdings Ltd                                  | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |      3100 | NS      | $84866.44     | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Talanx AG                                             | Talanx AG                                               | CUSIP: 000000000<br>LEI: 5299006ZIILJ6VJVSJ32 | Long             | EC               | CORP              | DE        |       617 | NS      | $30523.45     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Orange SA                                             | Orange SA                                               | CUSIP: 000000000<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |      8592 | NS      | $90926.99     | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| USS Co Ltd                                            | USS Co Ltd                                              | CUSIP: 000000000<br>LEI: 5299000RRQD6UZXG4W72 | Long             | EC               | CORP              | JP        |      1200 | NS      | $19737.80     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Aeon Co Ltd                                           | Aeon Co Ltd                                             | CUSIP: 000000000<br>LEI: 5299009MXFL34SA71416 | Long             | EC               | CORP              | JP        |      5000 | NS      | $102508.37    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Dah Sing Banking Group Ltd                            | Dah Sing Banking Group Ltd                              | CUSIP: 000000000<br>LEI: 529900DXBMKJOLLQOM66 | Long             | EC               | CORP              | HK        |       800 | NS      | $646.88       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Matheson Holdings Ltd                         | Jardine Matheson Holdings Ltd                           | CUSIP: 000000000<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | BM        |      2400 | NS      | $127573.37    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Television Holdings Inc                        | Nippon Television Holdings Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4500 | NS      | $36381.33     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Santen Pharmaceutical Co Ltd                          | Santen Pharmaceutical Co Ltd                            | CUSIP: 000000000<br>LEI: 529900TPT3I7C17MIM03 | Long             | EC               | CORP              | JP        |     16000 | NS      | $124732.01    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong & China Gas Co Ltd                          | Hong Kong & China Gas Co Ltd                            | CUSIP: 000000000<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |     13950 | NS      | $14006.08     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                            | Genmab A/S                                              | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |       262 | NS      | $102676.87    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                      | Roche Holding AG                                        | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       467 | NS      | $145783.56    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Kamigumi Co Ltd                                       | Kamigumi Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3300 | NS      | $67506.43     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Telegraph & Telephone Corp                     | Nippon Telegraph & Telephone Corp                       | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |      1200 | NS      | $35982.62     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| HKT Trust & HKT Ltd                                   | HKT Trust & HKT Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | XX        |     48000 | NS      | $62888.44     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| DKSH Holding AG                                       | DKSH Holding AG                                         | CUSIP: 000000000<br>LEI: 549300HUUUNHO6FJUS42 | Long             | EC               | CORP              | CH        |       122 | NS      | $10393.81     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                              | RELX PLC                                                | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      1025 | NS      | $30451.63     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                | MSCI EAFE MAR23                                         | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |         2 | NC      | $12895.06     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Post Bank Co Ltd                                | Japan Post Bank Co Ltd                                  | CUSIP: 000000000<br>LEI: 5493006JVO6N2HC2XZ76 | Long             | EC               | CORP              | JP        |     16500 | NS      | $146600.41    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Assets Holdings Ltd                             | Power Assets Holdings Ltd                               | CUSIP: 000000000<br>LEI: 254900JOWYUW1ZX4DF47 | Long             | EC               | CORP              | HK        |      9500 | NS      | $53752.59     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Land Co Ltd                                      | Sino Land Co Ltd                                        | CUSIP: 000000000<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |      2000 | NS      | $2598.95      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                               | GSK PLC                                                 | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |      3274 | NS      | $57507.86     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsuruha Holdings Inc                                  | Tsuruha Holdings Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2000 | NS      | $147255.11    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven Bank Ltd                                        | Seven Bank Ltd                                          | CUSIP: 000000000<br>LEI: 353800WMG1NLGHB7B594 | Long             | EC               | CORP              | JP        |      1700 | NS      | $3493.43      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd                                     | Telstra Group Ltd                                       | CUSIP: 000000000<br>LEI: PCTXNQGRJVR3OG33JG65 | Long             | EC               | CORP              | AU        |     52821 | NS      | $152662.33    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma Inc                                   | Astellas Pharma Inc                                     | CUSIP: 000000000<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |      9900 | NS      | $145729.29    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Japan Railway Co                              | Central Japan Railway Co                                | CUSIP: 000000000<br>LEI: 353800YAR3OVUITHTG64 | Long             | EC               | CORP              | JP        |       500 | NS      | $60987.38     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Pola Orbis Holdings Inc                               | Pola Orbis Holdings Inc                                 | CUSIP: 000000000<br>LEI: 353800E8OIV0XYBABS79 | Long             | EC               | CORP              | JP        |      4100 | NS      | $59153.63     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                                        | Air Liquide SA                                          | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |       628 | NS      | $99994.03     | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                             | Nestle SA                                               | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      1222 | NS      | $149095.05    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamada Holdings Co Ltd                                | Yamada Holdings Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800MDZ4K1DQKLO464 | Long             | EC               | CORP              | JP        |     42000 | NS      | $152500.65    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                                     | Wolters Kluwer NV                                       | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      1315 | NS      | $143365.27    | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Taisho Pharmaceutical Holdings Co Ltd                 | Taisho Pharmaceutical Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1600 | NS      | $67305.09     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Trend Micro Inc/Japan                                 | Trend Micro Inc/Japan                                   | CUSIP: 000000000<br>LEI: 3538005O5UJ5RNAGVE16 | Long             | EC               | CORP              | JP        |       300 | NS      | $14854.21     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Link REIT                                             | Link REIT                                               | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |      7900 | NS      | $63234.45     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                              | Engie SA                                                | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |      3609 | NS      | $51247.31     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| First International Bank Of Israel Ltd/The            | First International Bank Of Israel Ltd/The              | CUSIP: 000000000<br>LEI: 2138002RV6AUUX19F397 | Long             | EC               | CORP              | IL        |      1763 | NS      | $71214.29     | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                       | AstraZeneca PLC                                         | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      1020 | NS      | $133632.70    | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Westpac Banking Corp                                  | Westpac Banking Corp                                    | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | EC               | CORP              | AU        |       762 | NS      | $12821.31     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                               | SSE PLC                                                 | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |       316 | NS      | $6744.92      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                   | Deutsche Telekom AG                                     | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |      6807 | NS      | $151651.79    | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Ono Pharmaceutical Co Ltd                             | Ono Pharmaceutical Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1000 | NS      | $21698.68     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                            | Anheuser-Busch InBev SA/NV                              | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |      2392 | NS      | $144385.27    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                         | Koninklijke Ahold Delhaize NV                           | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |       775 | NS      | $23131.40     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Cycle & Carriage Ltd                          | Jardine Cycle & Carriage Ltd                            | CUSIP: 000000000<br>LEI: 254900WEP6OCEXFWML09 | Long             | EC               | CORP              | SG        |      3800 | NS      | $84244.57     | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| J Sainsbury PLC                                       | J Sainsbury PLC                                         | CUSIP: 000000000<br>LEI: 213800VGZAAJIKJ9Y484 | Long             | EC               | CORP              | GB        |     38551 | NS      | $125023.96    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| United Utilities Group PLC                            | United Utilities Group PLC                              | CUSIP: 000000000<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |      2191 | NS      | $28669.37     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                                          | Bankinter SA                                            | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |      9312 | NS      | $67186.13     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsen SA                                              | Ipsen SA                                                | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |        51 | NS      | $5356.78      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                        | BAWAG Group AG                                          | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |       738 | NS      | $45715.28     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                             | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |     38148 | NS      | $38147.53     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg AS                                          | Carlsberg AS                                            | CUSIP: 000000000<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |       739 | NS      | $104909.63    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Re AG                                           | Swiss Re AG                                             | CUSIP: 000000000<br>LEI: 529900PS9YW3YY29F326 | Long             | EC               | CORP              | CH        |      1467 | NS      | $153610.89    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                             | Zurich Insurance Group AG                               | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |       167 | NS      | $82586.26     | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                      | Roche Holding AG                                        | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       395 | NS      | $144586.12    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp Japan                                     | Oracle Corp Japan                                       | CUSIP: 000000000<br>LEI: 529900MIMKY9RU60Z323 | Long             | EC               | CORP              | JP        |      1500 | NS      | $102760.24    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                          | UBS Group AG                                            | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |      7105 | NS      | $151658.89    | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Mediobanca Banca di Credito Finanziario SpA           | Mediobanca Banca di Credito Finanziario SpA             | CUSIP: 000000000<br>LEI: PSNL19R2RXX5U3QWHI44 | Long             | EC               | CORP              | IT        |      5630 | NS      | $60522.20     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                                | UCB SA                                                  | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      1345 | NS      | $110430.69    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                                          | Experian PLC                                            | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |       694 | NS      | $25379.22     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International                                  | Hermes International                                    | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |        23 | NS      | $43044.71     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi                                                | Sanofi                                                  | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |      1502 | NS      | $147082.49    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Sampo Oyj                                             | Sampo Oyj                                               | CUSIP: 000000000<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |      1423 | NS      | $74706.75     | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Media Holdings Inc                               | Fuji Media Holdings Inc                                 | CUSIP: 000000000<br>LEI: 353800TG2T8DSPV7H313 | Long             | EC               | CORP              | JP        |      4500 | NS      | $38007.34     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurizon Holdings Ltd                                  | Aurizon Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 5299005PC1O6NOWL3H48 | Long             | EC               | CORP              | AU        |     13438 | NS      | $35123.69     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Lawson Inc                                            | Lawson Inc                                              | CUSIP: 000000000<br>LEI: 529900IWO8XQO92PR233 | Long             | EC               | CORP              | JP        |      3800 | NS      | $151947.81    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Infrastructure Holdings Ltd                        | CK Infrastructure Holdings Ltd                          | CUSIP: 000000000<br>LEI: 5299005U11RQ1C27MR12 | Long             | EC               | CORP              | BM        |     14500 | NS      | $80671.50     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd                      | Oversea-Chinese Banking Corp Ltd                        | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |      7800 | NS      | $77066.71     | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                                            | Diageo PLC                                              | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |       122 | NS      | $5334.58      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                            | Siemens AG                                              | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |       862 | NS      | $134648.95    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd                              | United Overseas Bank Ltd                                | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |      4100 | NS      | $93195.58     | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon PLC                                            | Haleon PLC                                              | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |       678 | NS      | $2717.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                      | Deutsche Post AG                                        | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |      3402 | NS      | $146478.87    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd                          | Takeda Pharmaceutical Co Ltd                            | CUSIP: 000000000<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |      4600 | NS      | $144611.89    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| HK Electric Investments & HK Electric Investments Ltd | HK Electric Investments & HK Electric Investments Ltd   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | XX        |     26500 | NS      | $18317.67     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI Corp                                             | KDDI Corp                                               | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |      4800 | NS      | $149968.48    | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Hongkong Land Holdings Ltd                            | Hongkong Land Holdings Ltd                              | CUSIP: 000000000<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | BM        |      8000 | NS      | $39110.18     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinden Corp                                           | Kinden Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1000 | NS      | $11461.54     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Telekom Austria AG                                    | Telekom Austria AG                                      | CUSIP: 000000000<br>LEI: 529900KCNFQU5OJH7L33 | Long             | EC               | CORP              | AT        |      1738 | NS      | $11682.28     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Benesse Holdings Inc                                  | Benesse Holdings Inc                                    | CUSIP: 000000000<br>LEI: 549300XOPEJA8L2IV934 | Long             | EC               | CORP              | JP        |      3000 | NS      | $45886.76     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                           | Novartis AG                                             | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      1626 | NS      | $147005.09    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                     | National Grid PLC                                       | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |      9752 | NS      | $123976.14    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                         | AIA Group Ltd                                           | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |       800 | NS      | $9046.12      | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Gas Chemical Co Inc                        | Mitsubishi Gas Chemical Co Inc                          | CUSIP: 000000000<br>LEI: 529900G5O4J27ZPLJJ89 | Long             | EC               | CORP              | JP        |     10200 | NS      | $149047.60    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfresa Holdings Corp                                 | Alfresa Holdings Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5000 | NS      | $62584.97     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Elbit Systems Ltd                                     | Elbit Systems Ltd                                       | CUSIP: 000000000<br>LEI: 529900Q9CB1REUMZSS32 | Long             | EC               | CORP              | IL        |        36 | NS      | $6043.83      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings Inc                             | Tokio Marine Holdings Inc                               | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |       400 | NS      | $8377.88      | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Swatch Group AG/The                                   | Swatch Group AG/The                                     | CUSIP: 000000000<br>LEI: 529900NTES2LEON1JZ55 | Long             | EC               | CORP              | CH        |        18 | NS      | $6517.24      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Recordati Industria Chimica e Farmaceutica SpA        | Recordati Industria Chimica e Farmaceutica SpA          | CUSIP: 000000000<br>LEI: 815600FBF92FD3531704 | Long             | EC               | CORP              | IT        |       177 | NS      | $7754.10      | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                           | Telenor ASA                                             | CUSIP: 000000000<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |      4479 | NS      | $46888.91     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Fast Retailing Co Ltd                                 | Fast Retailing Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800ZCXKHDPY0N5218 | Long             | EC               | CORP              | JP        |       200 | NS      | $121471.87    | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ComfortDelGro Corp Ltd                                | ComfortDelGro Corp Ltd                                  | CUSIP: 000000000<br>LEI: 2549005O5PVA2JCH6Q33 | Long             | EC               | CORP              | SG        |      4400 | NS      | $4031.06      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ASMPT Ltd                                             | ASMPT Ltd                                               | CUSIP: 000000000<br>LEI: 529900PYFA1HFYKPT360 | Long             | EC               | CORP              | KY        |      1800 | NS      | $14867.32     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Teleperformance                                       | Teleperformance                                         | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |        11 | NS      | $3057.85      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mapfre SA                                             | Mapfre SA                                               | CUSIP: 000000000<br>LEI: 95980020140005693107 | Long             | EC               | CORP              | ES        |      1668 | NS      | $3355.09      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Corp                                       | Mitsubishi Corp                                         | CUSIP: 000000000<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |      4400 | NS      | $147338.19    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| PCCW Ltd                                              | PCCW Ltd                                                | CUSIP: 000000000<br>LEI: 254900SI7GPUPA1TJX39 | Long             | EC               | CORP              | HK        |     60000 | NS      | $29481.79     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer