# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0000940400-25-005405
**Filing Date:** 2025-10
**Character Count:** 167195
**Document Hash:** aca9fec15f93bcecbe42f51558ab14ca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-005405.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0000940400-25-005405

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260531

**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:** 251419562

**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 ADVANTAGE INTERNATIONAL FUND (Series ID: S000008399)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000023028 | Institutional Shares |  |
| C000023030 | Investor A Shares    |  |
| C000023032 | Investor C Shares    |  |
| C000037670 | Class R Shares       |  |
| C000198216 | Class K              |  |

## Nport-Ex

Schedule of Investments (unaudited)

August 31, 2025

**BlackRock Advantage International Fund**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Australia — 6.7%** | **Australia — 6.7%** | **Australia — 6.7%** |
| Aristocrat Leisure Ltd. | 874670 | $41473873 |
| Aurizon Holdings Ltd. | 1075805 | 2278291 |
| BHP Group Ltd. | 1283847 | 35784664 |
| Coles Group Ltd. | 606454 | 9467363 |
| Commonwealth Bank of Australia | 568354 | 63171449 |
| Computershare Ltd. | 201627 | 5017666 |
| Evolution Mining Ltd. | 2190324 | 12565626 |
| Fortescue Ltd. | 10790 | 136096 |
| Glencore PLC | 6995915 | 27637720 |
| HUB24 Ltd. | 2734 | 194259 |
| Insurance Australia Group Ltd. | 720124 | 4096730 |
| JB Hi-Fi Ltd. | 55240 | 4224201 |
| Lottery Corp. Ltd. (The) | 110830 | 425789 |
| Macquarie Group Ltd. | 205800 | 30184126 |
| Northern Star Resources Ltd. | 733984 | 9159952 |
| Pro Medicus Ltd. | 43187 | 8388412 |
| Qantas Airways Ltd. | 867687 | 6648419 |
| QBE Insurance Group Ltd. | 956967 | 13520744 |
| REA Group Ltd. | 48758 | 7985030 |
| Rio Tinto PLC | 457363 | 28590617 |
| Rocketboots Ltd.<sup>(a)(b)</sup> | 1389 | 109 |
| Santos Ltd. | 129076 | 675757 |
| SEEK Ltd. | 343189 | 6206191 |
| SGH Ltd. | 39810 | 1310925 |
| Sonic Healthcare Ltd. | 291112 | 4572638 |
| South32 Ltd. | 2632796 | 4648741 |
| Suncorp Group Ltd. | 224406 | 3118613 |
| Technology One Ltd. | 48674 | 1267603 |
| Telstra Group Ltd. | 3845706 | 12303498 |
| Transurban Group | 915714 | 8734171 |
| Wesfarmers Ltd. | 421414 | 25242090 |
| Worley Ltd. | 56080 | 537409 |
|  |  | 379568772 |
| **Austria — 0.2%** | **Austria — 0.2%** | **Austria — 0.2%** |
| BAWAG Group AG<sup>(c)</sup> | 90727 | 11730616 |
| Erste Group Bank AG | 1449 | 137924 |
|  |  | 11868540 |
| **Belgium — 0.3%** | **Belgium — 0.3%** | **Belgium — 0.3%** |
| Ageas SA/NV | 123482 | 8700273 |
| Anheuser-Busch InBev SA/NV | 143634 | 9011013 |
|  |  | 17711286 |
| **Brazil — 0.0%** | **Brazil — 0.0%** | **Brazil — 0.0%** |
| Yara International ASA | 25769 | 938088 |
| **China — 0.8%** | **China — 0.8%** | **China — 0.8%** |
| BOC Hong Kong Holdings Ltd. | 1642500 | 7457156 |
| Prosus NV, Class N | 545373 | 33736501 |
| Yangzijiang Shipbuilding Holdings Ltd. | 634700 | 1438112 |
|  |  | 42631769 |
| **Denmark — 1.2%** | **Denmark — 1.2%** | **Denmark — 1.2%** |
| Danske Bank A/S | 103818 | 4272964 |
| Genmab A/S<sup>(a)</sup> | 29844 | 7448741 |
| Novo Nordisk A/S, Class B | 943723 | 53329237 |
| Tryg A/S | 188064 | 4942387 |
|  |  | 69993329 |
| **Finland — 1.1%** | **Finland — 1.1%** | **Finland — 1.1%** |
| Elisa Oyj | 30740 | 1638732 |
| Kone Oyj, Class B | 83615 | 5259174 |
| Nokia Oyj | 3461643 | 14902176 |
| Nordea Bank Abp | 1583581 | 24165876 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Finland (continued)** | **Finland (continued)** | **Finland (continued)** |
| Sampo Oyj, A Shares | 1197149 | $13737072 |
| Wartsila Oyj Abp | 66658 | 1953934 |
|  |  | 61656964 |
| **France — 11.1%** | **France — 11.1%** | **France — 11.1%** |
| Air Liquide SA | 104532 | 21537512 |
| AXA SA | 141027 | 6568708 |
| BNP Paribas SA | 814790 | 73220943 |
| Bouygues SA | 22447 | 962595 |
| Bureau Veritas SA | 641741 | 19359135 |
| Capgemini SE | 110974 | 15783768 |
| Carrefour SA | 421139 | 6097188 |
| Credit Agricole SA | 1042477 | 19069013 |
| Danone SA | 278074 | 23210102 |
| Dassault Systemes SE | 416590 | 12956041 |
| Eiffage SA | 39921 | 5023880 |
| Engie SA | 1405691 | 29088458 |
| FDJ UNITED, Class A | 38599 | 1242414 |
| Gaztransport Et Technigaz SA | 3231 | 603012 |
| Hermes International SCA | 14432 | 35346248 |
| Ipsen SA | 64780 | 8807272 |
| L'Oreal SA | 51263 | 23933979 |
| LVMH Moet Hennessy Louis Vuitton SE | 101883 | 60155205 |
| Publicis Groupe SA | 190478 | 17588429 |
| Safran SA | 208220 | 69197446 |
| Sanofi SA | 368578 | 36567368 |
| SCOR SE | 9218 | 301952 |
| Societe Generale SA | 447881 | 27638218 |
| SPIE SA | 39196 | 2172456 |
| Thales SA | 90419 | 23783766 |
| TotalEnergies SE | 698137 | 43829773 |
| Unibail-Rodamco-Westfield | 509 | 52956 |
| Valeo SE | 177294 | 2151627 |
| Veolia Environnement SA | 332585 | 10983878 |
| Vinci SA | 208076 | 28221667 |
|  |  | 625455009 |
| **Germany — 11.0%** | **Germany — 11.0%** | **Germany — 11.0%** |
| adidas AG, Class N | 168564 | 32795147 |
| Allianz SE, Registered Shares | 174915 | 73951031 |
| Deutsche Bank AG, Registered Shares | 1072096 | 37669327 |
| Deutsche Post AG | 37603 | 1713858 |
| Deutsche Telekom AG, Registered Shares | 2092701 | 76582432 |
| E.ON SE, Class N | 1832019 | 32667381 |
| Fresenius Medical Care AG | 42193 | 2174996 |
| GEA Group AG | 100127 | 7287930 |
| Heidelberg Materials AG | 5939 | 1404861 |
| Henkel AG & Co. KGaA, NVS | 142158 | 11999599 |
| Henkel AG & Co. KGaA | 19641 | 1509504 |
| Hugo Boss AG | 14389 | 708946 |
| Infineon Technologies AG, Class N | 584517 | 23926546 |
| Knorr-Bremse AG | 7889 | 824105 |
| LEG Immobilien SE | 6537 | 547970 |
| Mercedes-Benz Group AG, Class N | 280625 | 17562863 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG, <br> Registered Shares<br>| 669 | 426756 |
| Nemetschek SE | 29284 | 4045558 |
| Rational AG | 1679 | 1251549 |
| Rheinmetall AG | 5891 | 11427071 |
| SAP SE | 501457 | 136494786 |
| Sartorius AG, NVS | 16632 | 3863606 |
| Scout24 SE<sup>(c)</sup> | 17783 | 2304054 |
| Siemens AG, Registered Shares | 204883 | 56794685 |
| Siemens Energy AG<sup>(a)</sup> | 615126 | 65436714 |

---

------

Schedule of Investments (unaudited) (continued)

August 31, 2025

**BlackRock Advantage International Fund**

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Germany (continued)** | **Germany (continued)** | **Germany (continued)** |
| Siemens Healthineers AG<sup>(c)</sup> | 149489 | $8277880 |
| Vonovia SE | 276165 | 8943148 |
|  |  | 622592303 |
| **Hong Kong — 2.2%** | **Hong Kong — 2.2%** | **Hong Kong — 2.2%** |
| AIA Group Ltd. | 7575400 | 71999299 |
| CK Infrastructure Holdings Ltd. | 297000 | 1994215 |
| Hong Kong & China Gas Co. Ltd. | 50000 | 45086 |
| Jardine Matheson Holdings Ltd. | 63800 | 3862996 |
| Link REIT | 1256000 | 6708512 |
| Sun Hung Kai Properties Ltd. | 508500 | 6006602 |
| Swire Pacific Ltd., Class A | 373000 | 3197225 |
| Techtronic Industries Co. Ltd. | 1271500 | 16443544 |
| WH Group Ltd.<sup>(c)</sup> | 10445500 | 11224742 |
|  |  | 121482221 |
| **India — 0.0%** | **India — 0.0%** | **India — 0.0%** |
| &nbsp;&nbsp;&nbsp; AceVector Ltd. (Acquired 05/07/14, cost <br> $804,375)<sup>(a)(d)(e)</sup><br>| 172800 | 60601 |
| **Ireland — 0.1%** | **Ireland — 0.1%** | **Ireland — 0.1%** |
| Kerry Group PLC, Class A | 61674 | 5647099 |
| **Israel — 0.7%** | **Israel — 0.7%** | **Israel — 0.7%** |
| Bank Hapoalim BM | 366224 | 7157415 |
| Bank Leumi Le-Israel BM | 436669 | 8391490 |
| Elbit Systems Ltd. | 9150 | 4450988 |
| Israel Discount Bank Ltd., Class A | 358001 | 3546588 |
| Mizrahi Tefahot Bank Ltd. | 97054 | 6338296 |
| Nice Ltd.<sup>(a)</sup> | 56078 | 7905058 |
| Nova Ltd.<sup>(a)</sup> | 1485 | 394670 |
|  |  | 38184505 |
| **Italy — 3.2%** | **Italy — 3.2%** | **Italy — 3.2%** |
| A2A SpA | 1187899 | 2984790 |
| Amplifon SpA | 98676 | 1797187 |
| Banca Mediolanum SpA | 65394 | 1322763 |
| Banca Monte dei Paschi di Siena SpA | 3532033 | 32411016 |
| BPER Banca SpA | 425478 | 4419464 |
| Coca-Cola HBC AG | 108839 | 5505549 |
| Enel SpA | 2806008 | 25894263 |
| Eni SpA | 55934 | 999901 |
| Generali | 285712 | 11153367 |
| Infrastrutture Wireless Italiane SpA<sup>(c)</sup> | 217913 | 2642090 |
| Intesa Sanpaolo SpA | 4455603 | 28050482 |
| Italgas SpA | 145177 | 1304933 |
| Leonardo SpA | 117885 | 6696862 |
| Mediobanca Banca di Credito Finanziario SpA | 144187 | 3492560 |
| MFE-MediaForEurope NV, Class A | 23 | 84 |
| MFE-MediaForEurope NV, Class B | 2 | 11 |
| Moncler SpA | 79303 | 4615824 |
| Nexi SpA<sup>(c)</sup> | 1281761 | 8133529 |
| Poste Italiane SpA<sup>(c)</sup> | 37929 | 888356 |
| Snam SpA | 1163804 | 7084381 |
| UniCredit SpA | 408143 | 31567706 |
| Unipol Assicurazioni SpA | 76973 | 1608200 |
|  |  | 182573318 |
| **Japan — 22.7%** | **Japan — 22.7%** | **Japan — 22.7%** |
| Advantest Corp. | 96700 | 7394601 |
| Amada Co. Ltd. | 357600 | 4544098 |
| ANA Holdings, Inc. | 46200 | 931446 |
| Asahi Intecc Co. Ltd. | 118700 | 2032072 |
| Asahi Kasei Corp. | 507900 | 4144759 |
| Astellas Pharma, Inc. | 755900 | 8298026 |
| Bridgestone Corp. | 31200 | 1409474 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Japan (continued)** | **Japan (continued)** | **Japan (continued)** |
| Brother Industries Ltd. | 202100 | $3405548 |
| Canon, Inc. | 827700 | 24222674 |
| Central Japan Railway Co. | 300 | 7979 |
| Chugai Pharmaceutical Co. Ltd. | 170800 | 7547882 |
| Concordia Financial Group Ltd. | 43900 | 331242 |
| Cosmo Energy Holdings Co. Ltd. | 31900 | 1533047 |
| CyberAgent, Inc. | 48200 | 582800 |
| Dai-ichi Life Holdings, Inc. | 1174300 | 9635804 |
| Daito Trust Construction Co. Ltd. | 100 | 10641 |
| Daiwa House Industry Co. Ltd. | 151000 | 5335240 |
| Daiwa Securities Group, Inc. | 562800 | 4363031 |
| Denso Corp. | 208200 | 2983413 |
| DMG Mori Co. Ltd. | 194700 | 4048959 |
| ENEOS Holdings, Inc. | 2915400 | 17263237 |
| FANUC Corp. | 507400 | 14105461 |
| Fujitsu Ltd. | 1053200 | 25344427 |
| Hitachi Construction Machinery Co. Ltd. | 17400 | 534917 |
| Hitachi Ltd. | 1825100 | 49174454 |
| Honda Motor Co. Ltd. | 160100 | 1774704 |
| Hoya Corp. | 41700 | 5384583 |
| Hulic Co. Ltd. | 366100 | 3926989 |
| Inpex Corp. | 919500 | 15624301 |
| ITOCHU Corp. | 335400 | 18946331 |
| Japan Airlines Co. Ltd. | 146000 | 3104766 |
| Japan Exchange Group, Inc. | 248500 | 2597354 |
| Japan Post Bank Co. Ltd. | 461500 | 5801120 |
| Japan Post Holdings Co. Ltd. | 1370300 | 13983102 |
| Japan Post Insurance Co. Ltd. | 51200 | 1433546 |
| Japan Tobacco, Inc. | 1014600 | 32259380 |
| Kakaku.com, Inc. | 117000 | 2175040 |
| Kansai Electric Power Co., Inc. (The) | 436500 | 6056289 |
| Kao Corp. | 95800 | 4352773 |
| Keyence Corp. | 46800 | 17842188 |
| Kubota Corp. | 527300 | 6096672 |
| Kyocera Corp. | 476200 | 6333313 |
| LY Corp. | 955400 | 3024777 |
| McDonald's Holdings Co. Japan Ltd. | 61900 | 2753069 |
| MISUMI Group, Inc. | 111100 | 1684993 |
| Mitsubishi Chemical Group Corp. | 1376500 | 7821704 |
| Mitsubishi Corp. | 1402500 | 31664063 |
| Mitsubishi Electric Corp. | 238000 | 5681780 |
| Mitsubishi Estate Co. Ltd. | 221600 | 4720642 |
| Mitsubishi HC Capital, Inc. | 255300 | 2094285 |
| Mitsubishi Heavy Industries Ltd. | 617600 | 15583415 |
| Mitsubishi UFJ Financial Group, Inc. | 3321800 | 50554666 |
| Mitsui & Co. Ltd. | 1987500 | 45755001 |
| Mitsui Fudosan Co. Ltd. | 2061500 | 21794660 |
| Mizuho Financial Group, Inc. | 1173600 | 38608976 |
| MS&AD Insurance Group Holdings, Inc. | 532900 | 12396248 |
| Murata Manufacturing Co. Ltd. | 1456400 | 23511483 |
| NEC Corp. | 1328000 | 40438542 |
| Nexon Co. Ltd. | 12500 | 282865 |
| Nissan Chemical Corp. | 60100 | 2120145 |
| Nomura Holdings, Inc. | 1715100 | 12203399 |
| Nomura Real Estate Holdings, Inc. | 947900 | 5856881 |
| Nomura Research Institute Ltd. | 190000 | 7458310 |
| NTT, Inc. | 15133300 | 16006118 |
| Obayashi Corp. | 365800 | 5933696 |
| Olympus Corp. | 92100 | 1067535 |
| Ono Pharmaceutical Co. Ltd. | 51500 | 580057 |
| ORIX Corp. | 685400 | 17702513 |
| Otsuka Corp. | 51200 | 1051517 |
| Otsuka Holdings Co. Ltd. | 154300 | 8096506 |

---

------

Schedule of Investments (unaudited) (continued)

August 31, 2025

**BlackRock Advantage International Fund**

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Japan (continued)** | **Japan (continued)** | **Japan (continued)** |
| Pan Pacific International Holdings Corp. | 218500 | $7881159 |
| Panasonic Holdings Corp. | 1960400 | 19843731 |
| Recruit Holdings Co. Ltd. | 781000 | 44691419 |
| Resona Holdings, Inc. | 541500 | 5430944 |
| Sankyo Co. Ltd. | 12400 | 249606 |
| Sanwa Holdings Corp. | 29200 | 940116 |
| SBI Holdings, Inc. | 2600 | 122163 |
| Secom Co. Ltd. | 180100 | 6649380 |
| Seiko Epson Corp. | 79500 | 1010959 |
| Sekisui House Ltd. | 287200 | 6463226 |
| Shimizu Corp. | 691300 | 9287130 |
| SMC Corp. | 22800 | 6978143 |
| SoftBank Corp. | 11804200 | 18259696 |
| SoftBank Group Corp. | 226200 | 24290283 |
| Sompo Holdings, Inc. | 712200 | 22761534 |
| Sony Group Corp. | 3386800 | 92565110 |
| Sumitomo Chemical Co. Ltd. | 1239000 | 3716529 |
| Sumitomo Corp. | 850300 | 23812993 |
| Sumitomo Mitsui Financial Group, Inc. | 2639900 | 71899249 |
| Sumitomo Mitsui Trust Group, Inc. | 186500 | 5307604 |
| Sysmex Corp. | 210800 | 2647211 |
| T&D Holdings, Inc. | 128500 | 3326843 |
| Takeda Pharmaceutical Co. Ltd. | 1009700 | 30394757 |
| Terumo Corp. | 916000 | 16424657 |
| THK Co. Ltd. | 18300 | 492199 |
| Tohoku Electric Power Co., Inc. | 194700 | 1495394 |
| Tokio Marine Holdings, Inc. | 642300 | 27546930 |
| Tokyo Electron Ltd. | 264300 | 35994012 |
| Tokyo Tatemono Co. Ltd. | 118100 | 2219988 |
| Tokyu Fudosan Holdings Corp. | 33000 | 264708 |
| Tosoh Corp. | 38600 | 608507 |
| Toyota Motor Corp. | 2627500 | 50874802 |
| Unicharm Corp. | 1180400 | 7877128 |
|  |  | 1285653639 |
| **Luxembourg — 0.0%** | **Luxembourg — 0.0%** | **Luxembourg — 0.0%** |
| SES SA | 9 | 63 |
| **Macau — 0.0%** | **Macau — 0.0%** | **Macau — 0.0%** |
| Galaxy Entertainment Group Ltd. | 500000 | 2650745 |
| **Mexico — 0.1%** | **Mexico — 0.1%** | **Mexico — 0.1%** |
| Fresnillo PLC | 112643 | 2728897 |
| **Netherlands — 3.5%** | **Netherlands — 3.5%** | **Netherlands — 3.5%** |
| Adyen NV<sup>(a)(c)</sup> | 5539 | 9300928 |
| Argenx SE<sup>(a)</sup> | 13814 | 9835639 |
| ASM International NV | 17635 | 8467803 |
| ASML Holding NV | 131141 | 97384344 |
| ASR Nederland NV | 68600 | 4759310 |
| Euronext NV<sup>(c)</sup> | 29505 | 4870681 |
| Heineken NV | 10162 | 824240 |
| ING Groep NV | 429396 | 10251823 |
| Koninklijke Ahold Delhaize NV | 331124 | 13269078 |
| Koninklijke KPN NV | 1508623 | 7199389 |
| NN Group NV | 136581 | 9401159 |
| Wolters Kluwer NV, Class C | 179574 | 22621597 |
|  |  | 198185991 |
| **New Zealand — 0.7%** | **New Zealand — 0.7%** | **New Zealand — 0.7%** |
| Fisher & Paykel Healthcare Corp. Ltd. | 14568 | 314555 |
| Xero Ltd.<sup>(a)</sup> | 346530 | 36951531 |
|  |  | 37266086 |
| **Norway — 0.7%** | **Norway — 0.7%** | **Norway — 0.7%** |
| Aker BP ASA | 127252 | 3219218 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Norway (continued)** | **Norway (continued)** | **Norway (continued)** |
| DNB Bank ASA | 484294 | $12760263 |
| Equinor ASA | 153978 | 3799998 |
| Gjensidige Forsikring ASA | 40198 | 1116703 |
| Kongsberg Gruppen ASA | 336375 | 10046264 |
| Mowi ASA | 56886 | 1170392 |
| Telenor ASA | 186432 | 3110345 |
| Var Energi ASA | 1486633 | 5092166 |
|  |  | 40315349 |
| **Portugal — 0.1%** | **Portugal — 0.1%** | **Portugal — 0.1%** |
| EDP SA | 732400 | 3243741 |
| Galp Energia SGPS SA, Class B | 2579 | 50130 |
|  |  | 3293871 |
| **Singapore — 1.8%** | **Singapore — 1.8%** | **Singapore — 1.8%** |
| DBS Group Holdings Ltd. | 1013160 | 39880899 |
| Singapore Technologies Engineering Ltd. | 1197200 | 7164760 |
| Singapore Telecommunications Ltd. | 15700400 | 52765617 |
|  |  | 99811276 |
| **Spain — 2.8%** | **Spain — 2.8%** | **Spain — 2.8%** |
| Acciona SA | 699 | 138550 |
| ACS Actividades de Construccion y Servicios SA | 107339 | 8113402 |
| Aena SME SA<sup>(c)</sup> | 72958 | 2114653 |
| Banco Bilbao Vizcaya Argentaria SA | 1358436 | 24722195 |
| Banco Santander SA | 5222133 | 49871603 |
| Bankinter SA | 381048 | 5686825 |
| Endesa SA | 232146 | 7072141 |
| Industria de Diseno Textil SA | 672529 | 33262865 |
| Repsol SA | 568857 | 9327038 |
| Telefonica SA | 2945661 | 15792619 |
|  |  | 156101891 |
| **Sweden — 2.2%** | **Sweden — 2.2%** | **Sweden — 2.2%** |
| AddTech AB, B Shares | 118767 | 4164881 |
| Alfa Laval AB | 90025 | 4098459 |
| Assa Abloy AB, Class B | 416403 | 14713489 |
| Atlas Copco AB, B Shares | 452537 | 6435173 |
| Atlas Copco AB, Class A | 1586046 | 25321190 |
| Essity AB, Class B | 234177 | 6331402 |
| Getinge AB, B Shares | 190669 | 4177829 |
| Hexagon AB, B Shares | 299113 | 3333234 |
| Industrivarden AB, A Shares | 19160 | 762566 |
| Indutrade AB | 41407 | 1030603 |
| Investment AB Latour, B Shares | 5887 | 149491 |
| Investor AB, B Shares | 1434 | 44177 |
| Sandvik AB | 316751 | 8010700 |
| Securitas AB, B Shares | 75665 | 1157912 |
| Skanska AB, B Shares | 207394 | 5150451 |
| Svenska Handelsbanken AB, A Shares | 417927 | 5377839 |
| Swedbank AB, A Shares | 377295 | 10618171 |
| Swedish Orphan Biovitrum AB<sup>(a)</sup> | 52882 | 1606320 |
| Tele2 AB, B Shares | 375849 | 6619504 |
| Telefonaktiebolaget LM Ericsson, B Shares | 1429892 | 11320179 |
| Telia Co. AB | 1602832 | 5983713 |
|  |  | 126407283 |
| **Switzerland — 5.8%** | **Switzerland — 5.8%** | **Switzerland — 5.8%** |
| ABB Ltd., Registered Shares | 1079521 | 72447866 |
| Accelleron Industries AG | 80886 | 6960320 |
| Belimo Holding AG, Registered Shares | 6147 | 6768713 |
| Chocoladefabriken Lindt & Spruengli AG, NVS | 212 | 3233105 |
| Cie Financiere Richemont SA, Registered Shares | 69925 | 12242662 |
| Clariant AG, Registered Shares | 78503 | 806571 |
| DSM-Firmenich AG | 65826 | 6440806 |
| Flughafen Zurich AG, Registered Shares | 8771 | 2679921 |

---

------

Schedule of Investments (unaudited) (continued)

August 31, 2025

**BlackRock Advantage International Fund**

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Switzerland (continued)** | **Switzerland (continued)** | **Switzerland (continued)** |
| Givaudan SA, Registered Shares | 6639 | $27960667 |
| Helvetia Holding AG, Registered Shares | 12704 | 3269695 |
| Logitech International SA, Registered Shares | 174487 | 18017140 |
| Medmix AG<sup>(c)</sup> | 2 | 27 |
| Nestlé SA, Registered Shares | 452184 | 42654762 |
| Partners Group Holding AG | 905 | 1242845 |
| Schindler Holding AG, NVS | 6722 | 2498584 |
| Schindler Holding AG, Registered Shares | 4590 | 1641571 |
| SGS SA, Registered Shares | 165565 | 16889329 |
| Sonova Holding AG, Registered Shares | 31348 | 9131286 |
| UBS Group AG, Registered Shares | 1342421 | 54380709 |
| Zurich Insurance Group AG, Class N | 52950 | 38693507 |
|  |  | 327960086 |
| **United Kingdom — 14.3%** | **United Kingdom — 14.3%** | **United Kingdom — 14.3%** |
| 3i Group PLC | 23816 | 1293893 |
| Admiral Group PLC | 71370 | 3497369 |
| Ashtead Group PLC | 66931 | 4931350 |
| AstraZeneca PLC | 474866 | 75700487 |
| BAE Systems PLC | 2233848 | 52944110 |
| Barclays PLC | 11580365 | 56427087 |
| Beazley PLC | 365471 | 3868963 |
| British American Tobacco PLC | 104628 | 5941579 |
| Centrica PLC | 137978 | 300035 |
| CK Hutchison Holdings Ltd. | 2706500 | 17906744 |
| Close Brothers Group PLC<sup>(a)</sup> | 15 | 93 |
| Compass Group PLC | 629023 | 21379066 |
| Convatec Group PLC<sup>(c)</sup> | 177491 | 567439 |
| Entain PLC | 617 | 7328 |
| Experian PLC | 692344 | 35888035 |
| Games Workshop Group PLC | 369 | 77036 |
| Halma PLC | 160018 | 7113958 |
| HSBC Holdings PLC | 4402632 | 56359774 |
| IG Group Holdings PLC | 349066 | 5332584 |
| IMI PLC | 81985 | 2519350 |
| Imperial Brands PLC | 698843 | 29514024 |
| InterContinental Hotels Group PLC | 128630 | 15614497 |
| Intertek Group PLC | 240392 | 15247382 |
| J Sainsbury PLC | 1571822 | 6360378 |
| Lloyds Banking Group PLC | 30887064 | 33133599 |
| London Stock Exchange Group PLC | 445366 | 55195590 |
| NatWest Group PLC | 4647862 | 32080194 |
| Next PLC | 117603 | 19004387 |
| Pearson PLC | 120922 | 1758425 |
| Reckitt Benckiser Group PLC | 4351 | 325313 |
| RELX PLC | 404435 | 18891012 |
| Rightmove PLC | 691550 | 6939746 |
| Rolls-Royce Holdings PLC | 5038333 | 72654526 |
| Sage Group PLC (The) | 1014306 | 14879008 |
| Segro PLC | 71397 | 605882 |
| Shell PLC | 1580584 | 58196106 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **United Kingdom (continued)** | **United Kingdom (continued)** | **United Kingdom (continued)** |
| Smith & Nephew PLC | 328777 | $6166731 |
| Smiths Group PLC | 375672 | 11961590 |
| Standard Chartered PLC | 245558 | 4601165 |
| Unilever PLC | 410610 | 25903378 |
| Vodafone Group PLC | 22141470 | 26512735 |
| Weir Group PLC (The) | 44458 | 1480629 |
|  |  | 809082577 |
| **United States — 5.4%** | **United States — 5.4%** | **United States — 5.4%** |
| BP PLC | 4761377 | 27852269 |
| Buzzi SpA | 28079 | 1425820 |
| Carnival PLC<sup>(a)</sup> | 75846 | 2211945 |
| CSL Ltd. | 119540 | 16628938 |
| GSK PLC | 1960509 | 38739862 |
| Holcim AG | 135190 | 11331448 |
| Novartis AG, Registered Shares | 997938 | 126311098 |
| Roche Holding AG, NVS | 226252 | 73775889 |
| Roche Holding AG | 11508 | 3952264 |
| Stellantis NV | 580815 | 5561477 |
|  |  | 307791010 |
| **Total Long-Term Investments — 98.7%** <br>**(Cost: $4,774,680,860)** | **Total Long-Term Investments — 98.7%** <br>**(Cost: $4,774,680,860)** | 5577612568 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.6%** | **Money Market Funds — 1.6%** | **Money Market Funds — 1.6%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.44%<sup>(f)(g)(h)</sup><br>| 475 | 475 |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional <br> Shares, 4.16%<sup>(f)(g)</sup><br>| 93301889 | 93301889 |
| **Total Short-Term Securities — 1.6%** <br>**(Cost: $93,302,364)** | **Total Short-Term Securities — 1.6%** <br>**(Cost: $93,302,364)** | 93302364 |
| **Total Investments — 100.3%** <br>**(Cost: $4,867,983,224)** | **Total Investments — 100.3%** <br>**(Cost: $4,867,983,224)** | 5670914932 |
| **Liabilities in Excess of Other Assets — (0.3)%** | **Liabilities in Excess of Other Assets — (0.3)%** | (17981308)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $5652933624 |

---

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

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan.

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

<sup>(d)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

<sup>(e)</sup> Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $60,601, representing less than 0.05% of its net assets as of period end, and an original cost of $804,375. 

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

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

<sup>(h)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

------

Schedule of Investments (unaudited) (continued)

August 31, 2025

**BlackRock Advantage International Fund**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended August 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*05/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Net* <br>*Realized* <br>*Gain* <br>*(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*08/31/25*<br>| *Shares* <br>*Held at* <br>*08/31/25*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash <br> Funds: Institutional, SL Agency <br> Shares<br>| &nbsp;&nbsp; $25912976<br>| &nbsp;&nbsp; $—<br> &nbsp;&nbsp; $(25912501 )<sup>(a)</sup><br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $475 | &nbsp;&nbsp; 475 | &nbsp;&nbsp; $699 <br><sup>(b)</sup><br>| &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, <br> Institutional Shares<br>| &nbsp;&nbsp; 115902006<br>| &nbsp;&nbsp; —<br> &nbsp;&nbsp; (22600117 )<sup>(a)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 93301889 | &nbsp;&nbsp; 93301889 | &nbsp;&nbsp; 960080 | &nbsp;&nbsp; — |
|  |  |  | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $93302364 |  | &nbsp;&nbsp; $960779 | &nbsp;&nbsp; $— |

---

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

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

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

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

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; MSCI EAFE Index | 388 | 09/19/25 | &nbsp;&nbsp;&nbsp;&nbsp; $52789 | &nbsp;&nbsp;&nbsp;&nbsp; $(247366)<br>|

---

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp; $194368 | &nbsp;&nbsp; $379374404 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $379568772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Austria | &nbsp;&nbsp; — | &nbsp;&nbsp; 11868540 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11868540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belgium | &nbsp;&nbsp; — | &nbsp;&nbsp; 17711286 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17711286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp; — | &nbsp;&nbsp; 938088 | &nbsp;&nbsp; — | &nbsp;&nbsp; 938088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp; — | &nbsp;&nbsp; 42631769 | &nbsp;&nbsp; — | &nbsp;&nbsp; 42631769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp; — | &nbsp;&nbsp; 69993329 | &nbsp;&nbsp; — | &nbsp;&nbsp; 69993329 |

---

------

Schedule of Investments (unaudited) (continued)

August 31, 2025

**BlackRock Advantage International Fund**

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finland | &nbsp;&nbsp; $— | &nbsp;&nbsp; $61656964 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $61656964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp; — | &nbsp;&nbsp; 625455009 | &nbsp;&nbsp; — | &nbsp;&nbsp; 625455009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp; 974726 | &nbsp;&nbsp; 621617577 | &nbsp;&nbsp; — | &nbsp;&nbsp; 622592303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp; — | &nbsp;&nbsp; 121482221 | &nbsp;&nbsp; — | &nbsp;&nbsp; 121482221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 60601 | &nbsp;&nbsp; 60601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp; — | &nbsp;&nbsp; 5647099 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5647099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel | &nbsp;&nbsp; 394670 | &nbsp;&nbsp; 37789835 | &nbsp;&nbsp; — | &nbsp;&nbsp; 38184505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp; — | &nbsp;&nbsp; 182573318 | &nbsp;&nbsp; — | &nbsp;&nbsp; 182573318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp; 7979 | &nbsp;&nbsp; 1285645660 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1285653639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Luxembourg | &nbsp;&nbsp; — | &nbsp;&nbsp; 63 | &nbsp;&nbsp; — | &nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macau | &nbsp;&nbsp; — | &nbsp;&nbsp; 2650745 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2650745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp; — | &nbsp;&nbsp; 2728897 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2728897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp; — | &nbsp;&nbsp; 198185991 | &nbsp;&nbsp; — | &nbsp;&nbsp; 198185991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Zealand | &nbsp;&nbsp; 314555 | &nbsp;&nbsp; 36951531 | &nbsp;&nbsp; — | &nbsp;&nbsp; 37266086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Norway | &nbsp;&nbsp; — | &nbsp;&nbsp; 40315349 | &nbsp;&nbsp; — | &nbsp;&nbsp; 40315349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portugal | &nbsp;&nbsp; — | &nbsp;&nbsp; 3293871 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3293871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp; — | &nbsp;&nbsp; 99811276 | &nbsp;&nbsp; — | &nbsp;&nbsp; 99811276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp; 7072141 | &nbsp;&nbsp; 149029750 | &nbsp;&nbsp; — | &nbsp;&nbsp; 156101891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden | &nbsp;&nbsp; — | &nbsp;&nbsp; 126407283 | &nbsp;&nbsp; — | &nbsp;&nbsp; 126407283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp; — | &nbsp;&nbsp; 327960086 | &nbsp;&nbsp; — | &nbsp;&nbsp; 327960086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp; 7328 | &nbsp;&nbsp; 809075249 | &nbsp;&nbsp; — | &nbsp;&nbsp; 809082577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp; — | &nbsp;&nbsp; 307791010 | &nbsp;&nbsp; — | &nbsp;&nbsp; 307791010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 93302364 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 93302364 |
|  | &nbsp;&nbsp; $102268131 | &nbsp;&nbsp; $5568586200 | &nbsp;&nbsp; $60601 | &nbsp;&nbsp; $5670914932 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $(247366)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(247366)<br>|

---

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

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

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| NVS | Non-Voting Shares |
| 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 Advantage International Fund

- **b. EDGAR series identifier (if any):** S000008399

- **c. LEI of Series:** 6B2DG15MO7JVCQHOAI53

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-08-29

**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:** $5669902391.96

**Total Liabilities:** $19878029.09

**Net Assets:** $5650024362.87

**Cash Not Reported:** $2718000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023028 | 2.27%                | -2.33%               | 4.35%                |
| Class ID C000023030 | 2.25%                | -2.40%               | 4.36%                |
| Class ID C000023032 | 2.19%                | -2.42%               | 4.27%                |
| Class ID C000037670 | 2.21%                | -2.37%               | 4.27%                |
| Class ID C000198216 | 2.27%                | -2.36%               | 4.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $29355973.59             | $80308845.64                               |
| Month 2  | $35890352.59             | $-162948144.67                             |
| Month 3  | $22413981.07             | $197355185.47                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ICE FUTURES U.S., INC.                     | MSCI EAFE                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               | CORP              | US        |       652 | NC      | $-118840.16   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Trust Group In             | Sumitomo Mitsui Trust Group Inc                | CUSIP: 000000000<br>LEI: 353800P843RLCDBLNT17 | Long             | EC               | CORP              | JP        |    185000 | NS      | $5264915.32   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Inpex Corp                                 | Inpex Corp                                     | CUSIP: 000000000<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |    919500 | NS      | $15624301.21  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Ltd                                | Hitachi Ltd                                    | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |   1803400 | NS      | $48589781.60  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Seiko Epson Corp                           | Seiko Epson Corp                               | CUSIP: 000000000<br>LEI: 549300NIOFQDR749W206 | Long             | EC               | CORP              | JP        |     79500 | NS      | $1010958.80   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Panasonic Holdings Corp                    | Panasonic Holdings Corp                        | CUSIP: 000000000<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |   1960400 | NS      | $19843730.65  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Brother Industries Ltd                     | Brother Industries Ltd                         | CUSIP: 114813108<br>LEI: 549300O5FACQ67KI6R92 | Long             | EC               | CORP              | JP        |    206800 | NS      | $3484746.64   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Wesfarmers Ltd                             | Wesfarmers Ltd                                 | CUSIP: 000000000<br>LEI: 5493003L32ZX9557ST85 | Long             | EC               | CORP              | AU        |    388875 | NS      | $23293051.17  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Monte dei Paschi di Sien             | Banca Monte dei Paschi di Siena SpA            | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |   3349989 | NS      | $30740524.24  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                               | UBS Group AG                                   | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |   1303522 | NS      | $52804932.54  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes SE                       | Dassault Systemes SE                           | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |    489684 | NS      | $15229280.29  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa Securities Group Inc                 | Daiwa Securities Group Inc                     | CUSIP: 000000000<br>LEI: 353800WRC7Y23PWFJG38 | Long             | EC               | CORP              | JP        |    562800 | NS      | $4363031.26   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Acciona SA                                 | Acciona SA                                     | CUSIP: 000000000<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |       826 | NS      | $163722.52    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tryg A/S                                   | Tryg A/S                                       | CUSIP: 000000000<br>LEI: 213800ZRS8AC4LSTCE39 | Long             | EC               | CORP              | DK        |    188064 | NS      | $4942387.47   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA               | Gaztransport Et Technigaz SA                   | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |      3363 | NS      | $627647.28    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                                 | Scout24 SE                                     | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     15307 | NS      | $1983250.72   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Murata Manufacturing Co Ltd                | Murata Manufacturing Co Ltd                    | CUSIP: 000000000<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |   1502500 | NS      | $24255701.23  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                           | Roche Holding AG                               | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    223374 | NS      | $72837435.19  | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                     | Standard Chartered PLC                         | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    245558 | NS      | $4601164.87   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Medmix AG                                  | Medmix AG                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |         2 | NS      | $26.86        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Unibail-Rodamco-Westfield                  | Unibail-Rodamco-Westfield                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |       509 | NS      | $52956.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol SA                                  | Repsol SA                                      | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |    464500 | NS      | $7615989.78   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexon Co Ltd                               | Nexon Co Ltd                                   | CUSIP: 000000000<br>LEI: 5299005SFO0GAJFLKN43 | Long             | EC               | CORP              | JP        |     17200 | NS      | $389222.19    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                               | GEA Group AG                                   | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |    100127 | NS      | $7287929.92   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| AddTech AB                                 | AddTech AB                                     | CUSIP: 000000000<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |    119387 | NS      | $4186623.24   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis NV                              | Stellantis NV                                  | CUSIP: 000000000<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | EC               | CORP              | NL        |    579121 | NS      | $5545256.20   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Publicis Groupe SA                         | Publicis Groupe SA                             | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |    180366 | NS      | $16654703.54  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Veolia Environnement SA                    | Veolia Environnement SA                        | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |    332585 | NS      | $10983877.81  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexagon AB                                 | Hexagon AB                                     | CUSIP: 000000000<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |    368687 | NS      | $4108547.27   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd                    | Recruit Holdings Co Ltd                        | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |    781000 | NS      | $44691419.29  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK PLC                                    | GSK PLC                                        | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |   1960509 | NS      | $38739861.95  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                             | BNP Paribas SA                                 | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |    795490 | NS      | $71486551.92  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Enel SpA                                   | Enel SpA                                       | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |   2999816 | NS      | $27682752.45  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd                 | BOC Hong Kong Holdings Ltd                     | CUSIP: 000000000<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |   1453000 | NS      | $6596802.66   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Mowi ASA                                   | Mowi ASA                                       | CUSIP: 000000000<br>LEI: 549300W1OGQF5LZIH349 | Long             | EC               | CORP              | NO        |     62597 | NS      | $1287892.47   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bouygues SA                                | Bouygues SA                                    | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |     22447 | NS      | $962594.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SCOR SE                                    | SCOR SE                                        | CUSIP: 000000000<br>LEI: 96950056ULJ4JI7V3752 | Long             | EC               | CORP              | FR        |      9218 | NS      | $301951.56    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                   | RELX PLC                                       | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    404435 | NS      | $18891012.28  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| SEEK Ltd                                   | SEEK Ltd                                       | CUSIP: 000000000<br>LEI: 549300209NEKXBC8QO27 | Long             | EC               | CORP              | AU        |    343189 | NS      | $6206191.01   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                | Novartis AG                                    | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    997938 | NS      | $126311098.58 | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| IMI PLC                                    | IMI PLC                                        | CUSIP: 000000000<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |     81985 | NS      | $2519350.34   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                               | ING Groep NV                                   | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    465452 | NS      | $11112659.34  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Givaudan SA                                | Givaudan SA                                    | CUSIP: 000000000<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |      6639 | NS      | $27960666.72  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                             | Air Liquide SA                                 | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |    104532 | NS      | $21537512.44  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                         | Weir Group PLC/The                             | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |     44458 | NS      | $1480628.50   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kongsberg Gruppen ASA                      | Kongsberg Gruppen ASA                          | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |    336375 | NS      | $10046264.30  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Carnival PLC                               | Carnival PLC                                   | CUSIP: 000000000<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | EC               | CORP              | US        |     75846 | NS      | $2211944.78   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sysmex Corp                                | Sysmex Corp                                    | CUSIP: 000000000<br>LEI: 5299001ZO4CKWACMZI55 | Long             | EC               | CORP              | JP        |    210800 | NS      | $2647210.60   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| IG Group Holdings PLC                      | IG Group Holdings PLC                          | CUSIP: 000000000<br>LEI: 2138003A5Q1M7ANOUD76 | Long             | EC               | CORP              | GB        |    349066 | NS      | $5332584.44   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                           | Deutsche Bank AG                               | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |   1064893 | NS      | $37416240.93  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                            | ASML Holding NV                                | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |    134077 | NS      | $99564595.72  | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Hi-Fi Ltd                               | JB Hi-Fi Ltd                                   | CUSIP: 000000000<br>LEI: 529900TPC8H040Y3ZQ65 | Long             | EC               | CORP              | AU        |     55240 | NS      | $4224201.40   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                              | UniCredit SpA                                  | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    405486 | NS      | $31362200.70  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                                  | Halma PLC                                      | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    152553 | NS      | $6782084.22   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                         | Banco Santander SA                             | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |   4501861 | NS      | $42992973.41  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                        | Henkel AG & Co KGaA                            | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EC               | CORP              | DE        |     19641 | NS      | $1509503.95   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitas AB                               | Securitas AB                                   | CUSIP: 000000000<br>LEI: 635400TTYKE8EIWDS617 | Long             | EC               | CORP              | SE        |     76634 | NS      | $1172740.77   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nokia Oyj                                  | Nokia Oyj                                      | CUSIP: 000000000<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |   3430000 | NS      | $14765954.61  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd                | Sun Hung Kai Properties Ltd                    | CUSIP: 000000000<br>LEI: 529900LUMD393RD3S874 | Long             | EC               | CORP              | HK        |    508500 | NS      | $6006601.93   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                          | NatWest Group PLC                              | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |   4647862 | NS      | $32080194.37  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings Inc                  | Tokio Marine Holdings Inc                      | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    609000 | NS      | $26118761.61  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd                     | Aristocrat Leisure Ltd                         | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |    874670 | NS      | $41473872.50  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| WH Group Ltd                               | WH Group Ltd                                   | CUSIP: 000000000<br>LEI: 254900A4AYEDRWYSE928 | Long             | EC               | CORP              | HK        |  10445500 | NS      | $11224741.94  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-ichi Life Holdings Inc                 | Dai-ichi Life Holdings Inc                     | CUSIP: 000000000<br>LEI: 549300ZUFXI7JXZVTZ25 | Long             | EC               | CORP              | JP        |   1225900 | NS      | $10059211.35  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| DMG Mori Co Ltd                            | DMG Mori Co Ltd                                | CUSIP: 000000000<br>LEI: 353800P4I3FIXTQV2E13 | Long             | EC               | CORP              | JP        |    191800 | NS      | $3988650.85   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Leonardo SpA                               | Leonardo SpA                                   | CUSIP: 000000000<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |    117118 | NS      | $6653289.57   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Obic Co Ltd                                | Obic Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     17100 | NS      | $604641.81    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                 | Genmab A/S                                     | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |     29844 | NS      | $7448741.29   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                  | Argenx SE                                      | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |     13279 | NS      | $9454716.67   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                             | Atlas Copco AB                                 | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    485257 | NS      | $6900458.62   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Clariant AG                                | Clariant AG                                    | CUSIP: 000000000<br>LEI: 529900VSEKBY7TMPP349 | Long             | EC               | CORP              | CH        |     78503 | NS      | $806571.01    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Smiths Group PLC                           | Smiths Group PLC                               | CUSIP: 000000000<br>LEI: 213800MJL6IPZS3ASA11 | Long             | EC               | CORP              | GB        |    375672 | NS      | $11961589.70  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                       | ASM International NV                           | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |     15944 | NS      | $7655834.95   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group PLC                            | Kerry Group PLC                                | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |     61674 | NS      | $5647098.62   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HUGO BOSS AG                               | HUGO BOSS AG                                   | CUSIP: 000000000<br>LEI: 529900LFVU534EBRXD13 | Long             | EC               | CORP              | DE        |     15009 | NS      | $739493.14    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp                                  | ORIX Corp                                      | CUSIP: 000000000<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |    691600 | NS      | $17862646.63  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Generali                                   | Generali                                       | CUSIP: 000000000<br>LEI: 549300X5UKJVE386ZB61 | Long             | EC               | CORP              | IT        |    283852 | NS      | $11080758.35  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Group Corp                        | SoftBank Group Corp                            | CUSIP: 000000000<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |    218800 | NS      | $23495640.84  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| SGH Ltd                                    | SGH Ltd                                        | CUSIP: 000000000<br>LEI: 254900DME8O9GCK94794 | Long             | EC               | CORP              | AU        |     39810 | NS      | $1310924.54   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Resona Holdings Inc                        | Resona Holdings Inc                            | CUSIP: 000000000<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |    537900 | NS      | $5394837.57   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The                         | Sage Group PLC/The                             | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |   1014306 | NS      | $14879008.21  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                 | L'Oreal SA                                     | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     58014 | NS      | $27085926.38  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                          | HSBC Holdings PLC                              | CUSIP: 000000000<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |   4760496 | NS      | $60940928.03  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                     | Mercedes-Benz Group AG                         | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |    246254 | NS      | $15411760.12  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour SA                               | Carrefour SA                                   | CUSIP: 000000000<br>LEI: 549300B8P6MUJ1YWTS08 | Long             | EC               | CORP              | FR        |    421139 | NS      | $6097187.52   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Computershare Ltd                          | Computershare Ltd                              | CUSIP: 000000000<br>LEI: 21380085HOKTMGLV9G93 | Long             | EC               | CORP              | AU        |    201309 | NS      | $5009752.30   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp                          | Toyota Motor Corp                              | CUSIP: 000000000<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |   2609500 | NS      | $50526277.87  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Rightmove PLC                              | Rightmove PLC                                  | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    691550 | NS      | $6939745.48   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemetschek SE                              | Nemetschek SE                                  | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     32041 | NS      | $4426434.84   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kakaku.com Inc                             | Kakaku.com Inc                                 | CUSIP: 000000000<br>LEI: 353800KA15Y0DCPWYY65 | Long             | EC               | CORP              | JP        |    117000 | NS      | $2175039.94   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan Pacific International Hold             | Pan Pacific International Holdings Corp        | CUSIP: 000000000<br>LEI: 529900QLHJM2E18A5763 | Long             | EC               | CORP              | JP        |    213500 | NS      | $7700812.09   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MISUMI Group Inc                           | MISUMI Group Inc                               | CUSIP: 000000000<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |    141300 | NS      | $2143020.36   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Honda Motor Co Ltd                         | Honda Motor Co Ltd                             | CUSIP: 000000000<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | EC               | CORP              | JP        |    189900 | NS      | $2105036.20   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc                 | Mizuho Financial Group Inc                     | CUSIP: 000000000<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |   1179000 | NS      | $38786625.08  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA              | Industria de Diseno Textil SA                  | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |    672529 | NS      | $33262865.21  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                             | Atlas Copco AB                                 | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |   1603555 | NS      | $25600720.59  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Ageas SA/NV                                | Ageas SA/NV                                    | CUSIP: 000000000<br>LEI: 5493005DJBML6LY3RV36 | Long             | EC               | CORP              | BE        |    123482 | NS      | $8700273.47   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                          | Wolters Kluwer NV                              | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |    175773 | NS      | $22142770.77  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Knorr-Bremse AG                            | Knorr-Bremse AG                                | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |      7889 | NS      | $824105.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group             | Mitsubishi UFJ Financial Group Inc             | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |   3300100 | NS      | $50224412.33  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Infrastructure Holdings Ltd             | CK Infrastructure Holdings Ltd                 | CUSIP: 000000000<br>LEI: 5299005U11RQ1C27MR12 | Long             | EC               | CORP              | HK        |    311500 | NS      | $2091575.51   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings Inc                           | SBI Holdings Inc                               | CUSIP: 000000000<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |      2600 | NS      | $122163.09    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ericsson                                   | Telefonaktiebolaget LM Ericsson                | CUSIP: 000000000<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |   1446720 | NS      | $11453403.05  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd                | Northern Star Resources Ltd                    | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    750744 | NS      | $9369113.34   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonic Healthcare Ltd                       | Sonic Healthcare Ltd                           | CUSIP: 000000000<br>LEI: 549300NQQ5L2NONWR862 | Long             | EC               | CORP              | AU        |    297394 | NS      | $4671312.25   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfa Laval AB                              | Alfa Laval AB                                  | CUSIP: 000000000<br>LEI: 549300UCKT2UK88AG251 | Long             | EC               | CORP              | SE        |     94710 | NS      | $4311747.58   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Amplifon SpA                               | Amplifon SpA                                   | CUSIP: 000000000<br>LEI: ZYXJDNVM2JI3VBM8G556 | Long             | EC               | CORP              | IT        |    125417 | NS      | $2284221.25   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CSL Ltd                                    | CSL Ltd                                        | CUSIP: 000000000<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |    119540 | NS      | $16628938.24  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| 3i Group PLC                               | 3i Group PLC                                   | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     23816 | NS      | $1293893.16   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Flughafen Zurich AG                        | Flughafen Zurich AG                            | CUSIP: 000000000<br>LEI: 529900PFO97GCN5SYB55 | Long             | EC               | CORP              | CH        |      8746 | NS      | $2672282.42   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hermes International SCA                   | Hermes International SCA                       | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |     14439 | NS      | $35363392.45  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB Bank ASA                               | DNB Bank ASA                                   | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |    477104 | NS      | $12570819.43  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| THK Co Ltd                                 | THK Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18100 | NS      | $486820.05    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                         | Vodafone Group PLC                             | CUSIP: 000000000<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |  20071249 | NS      | $24033802.08  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd                                | Fujitsu Ltd                                    | CUSIP: 000000000<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |   1111900 | NS      | $26756996.05  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Concordia Financial Group Ltd              | Concordia Financial Group Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     43900 | NS      | $331241.48    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Yara International ASA                     | Yara International ASA                         | CUSIP: 000000000<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     26079 | NS      | $949373.10    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Poste Italiane SpA                         | Poste Italiane SpA                             | CUSIP: 000000000<br>LEI: 815600354DEDBD0BA991 | Long             | EC               | CORP              | IT        |      6705 | NS      | $157041.45    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Matheson Holdings Ltd              | Jardine Matheson Holdings Ltd                  | CUSIP: 000000000<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | HK        |     63800 | NS      | $3862996.34   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Trelleborg AB                              | Trelleborg AB                                  | CUSIP: 000000000<br>LEI: 213800XY16PAWG2PAD14 | Long             | EC               | CORP              | SE        |      4143 | NS      | $160323.38    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sampo Oyj                                  | Sampo Oyj                                      | CUSIP: 000000000<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |   1193741 | NS      | $13697966.20  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Tohoku Electric Power Co Inc               | Tohoku Electric Power Co Inc                   | CUSIP: 000000000<br>LEI: 353800KTF7EYIIYHY088 | Long             | EC               | CORP              | JP        |    233500 | NS      | $1793397.81   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ST Engineering                             | Singapore Technologies Engineering Ltd         | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |   1199800 | NS      | $7180320.03   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp                                 | Denso Corp                                     | CUSIP: 000000000<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |    225800 | NS      | $3235613.07   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kao Corp                                   | Kao Corp                                       | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |      8200 | NS      | $372575.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica PLC                               | Centrica PLC                                   | CUSIP: 000000000<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |    313460 | NS      | $681622.17    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REA Group Ltd                              | REA Group Ltd                                  | CUSIP: 000000000<br>LEI: 894500KA4UBDATOFPN36 | Long             | EC               | CORP              | AU        |     48537 | NS      | $7948836.76   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd                    | QBE Insurance Group Ltd                        | CUSIP: 000000000<br>LEI: 549300D2FBW76FPUSG65 | Long             | EC               | CORP              | AU        |    818134 | NS      | $11559207.74  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Lottery Corp Ltd/The                       | Lottery Corp Ltd/The                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    100099 | NS      | $384562.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Chemical Group Corp             | Mitsubishi Chemical Group Corp                 | CUSIP: 000000000<br>LEI: 353800YNKX4RQUGAR072 | Long             | EC               | CORP              | JP        |   1444800 | NS      | $8209805.56   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group PLC                | Reckitt Benckiser Group PLC                    | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |      3594 | NS      | $268714.03    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Next PLC                                   | Next PLC                                       | CUSIP: 000000000<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |    116317 | NS      | $18796571.95  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Insurance Australia Group Ltd              | Insurance Australia Group Ltd                  | CUSIP: 000000000<br>LEI: 549300PFEWKNHRG25N08 | Long             | EC               | CORP              | AU        |    713916 | NS      | $4061413.24   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Estate Co Ltd                   | Mitsubishi Estate Co Ltd                       | CUSIP: 000000000<br>LEI: 353800KOFMRGOXSJ5Z65 | Long             | EC               | CORP              | JP        |    195300 | NS      | $4160385.51   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia             | Commonwealth Bank of Australia                 | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |    586407 | NS      | $65178004.79  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                                  | Hoya Corp                                      | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     56100 | NS      | $7244007.27   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Brands PLC                        | Imperial Brands PLC                            | CUSIP: 000000000<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |    701749 | NS      | $29636752.48  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui House Ltd                          | Sekisui House Ltd                              | CUSIP: 000000000<br>LEI: 529900GMNDOYQSAJAE76 | Long             | EC               | CORP              | JP        |    287200 | NS      | $6463225.54   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsen SA                                   | Ipsen SA                                       | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |     68940 | NS      | $9372851.56   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Evolution Mining Ltd                       | Evolution Mining Ltd                           | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |   2013635 | NS      | $11551982.17  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Grou             | Sumitomo Mitsui Financial Group Inc            | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |   2639600 | NS      | $71891078.50  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Electric Power Co Inc/T             | Kansai Electric Power Co Inc/The               | CUSIP: 000000000<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |    542400 | NS      | $7525615.54   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrivarden AB                          | Industrivarden AB                              | CUSIP: 000000000<br>LEI: 549300TM1DLIQI3B3T37 | Long             | EC               | CORP              | SE        |     12258 | NS      | $487867.35    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                  | Partners Group Holding AG                      | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |       812 | NS      | $1115127.60   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group              | InterContinental Hotels Group PLC              | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |    128630 | NS      | $15614497.31  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                    | Eni SpA                                        | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |      9085 | NS      | $162407.56    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Technology One Ltd                         | Technology One Ltd                             | CUSIP: 000000000<br>LEI: 875500YEWBJIM91P9N12 | Long             | EC               | CORP              | AU        |     57289 | NS      | $1491961.12   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker BP ASA                                | Aker BP ASA                                    | CUSIP: 000000000<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |    125893 | NS      | $3184837.84   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Indutrade AB                               | Indutrade AB                                   | CUSIP: 000000000<br>LEI: 549300FISLQ6CEFP1867 | Long             | EC               | CORP              | SE        |     36704 | NS      | $913546.91    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                  | adidas AG                                      | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |    168001 | NS      | $32685612.13  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                            | Nordea Bank Abp                                | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |   1589032 | NS      | $24249059.79  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                 | Eiffage SA                                     | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |     39921 | NS      | $5023879.96   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Hulic Co Ltd                               | Hulic Co Ltd                                   | CUSIP: 000000000<br>LEI: 3538002E12E7IHAKTB10 | Long             | EC               | CORP              | JP        |    362500 | NS      | $3888373.03   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                        | Henkel AG & Co KGaA                            | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |    142158 | NS      | $11999598.70  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                  | Safran SA                                      | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |    208220 | NS      | $69197446.09  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Tobacco Inc                          | Japan Tobacco Inc                              | CUSIP: 000000000<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | EC               | CORP              | JP        |    834300 | NS      | $26526710.74  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                               | Glencore PLC                                   | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | CH        |   6995915 | NS      | $27637719.64  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| MFE-MediaForEurope NV                      | MFE-MediaForEurope NV                          | CUSIP: 000000000<br>LEI: 213800DIFN7NR7B97A50 | Long             | EC               | CORP              | IT        |         2 | NS      | $10.64        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                               | Barclays PLC                                   | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |  11571112 | NS      | $56381999.81  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Xero Ltd                                   | Xero Ltd                                       | CUSIP: 000000000<br>LEI: 254900UG5D8YST164N14 | Long             | EC               | CORP              | NZ        |    388220 | NS      | $41397060.93  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandvik AB                                 | Sandvik AB                                     | CUSIP: 000000000<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |    319070 | NS      | $8069347.83   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Fisher & Paykel Healthcare Cor             | Fisher & Paykel Healthcare Corp Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |     11620 | NS      | $250901.02    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co Ltd                      | Mitsui Fudosan Co Ltd                          | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |   2073200 | NS      | $21918355.44  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                  | Zurich Insurance Group AG                      | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     52605 | NS      | $38441395.95  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                   | Vinci SA                                       | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    182969 | NS      | $24816365.73  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                         | Credit Agricole SA                             | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |   1042477 | NS      | $19069013.18  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp                   | Mitsubishi Electric Corp                       | CUSIP: 000000000<br>LEI: 549300TRXM9Y6561AX39 | Long             | EC               | CORP              | JP        |    196200 | NS      | $4683887.88   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Elbit Systems Ltd                          | Elbit Systems Ltd                              | CUSIP: 000000000<br>LEI: 529900Q9CB1REUMZSS32 | Long             | EC               | CORP              | IL        |      8932 | NS      | $4344942.94   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                           | Novo Nordisk A/S                               | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    978461 | NS      | $55292260.66  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresnillo PLC                              | Fresnillo PLC                                  | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | MX        |    112643 | NS      | $2728897.24   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                           | ASR Nederland NV                               | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     68066 | NS      | $4722262.05   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| T&D Holdings Inc                           | T&D Holdings Inc                               | CUSIP: 000000000<br>LEI: 3538008ARJ1MACEWA242 | Long             | EC               | CORP              | JP        |    127600 | NS      | $3303542.51   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                  | Sanofi SA                                      | CUSIP: 000000000<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |    368578 | NS      | $36567368.13  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Tele2 AB                                   | Tele2 AB                                       | CUSIP: 000000000<br>LEI: 213800EKD193RVI9HL76 | Long             | EC               | CORP              | SE        |    372442 | NS      | $6559499.27   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                 | Siemens AG                                     | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |    211072 | NS      | $58510309.73  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                             | BAWAG Group AG                                 | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     90727 | NS      | $11730616.25  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies SE                           | TotalEnergies SE                               | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    692831 | NS      | $43496657.06  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                       | Schindler Holding AG                           | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |      6722 | NS      | $2498584.23   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                  | Holcim AG                                      | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |    132507 | NS      | $11106562.86  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Investment AB Latour                       | Investment AB Latour                           | CUSIP: 000000000<br>LEI: 5493006GFBLNB3Y0Y789 | Long             | EC               | CORP              | SE        |      4252 | NS      | $107972.77    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DSM-Firmenich AG                           | DSM-Firmenich AG                               | CUSIP: 000000000<br>LEI: 506700G44V67MPM4BI12 | Long             | EC               | CORP              | CH        |     46988 | NS      | $4597584.48   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Holdings In             | Nomura Real Estate Holdings Inc                | CUSIP: 000000000<br>LEI: 353800UZ91CT24OL9P59 | Long             | EC               | CORP              | JP        |    950100 | NS      | $5870474.07   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd                        | Macquarie Group Ltd                            | CUSIP: 000000000<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |    205581 | NS      | $30152005.89  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                         | Koninklijke KPN NV                             | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |   1508623 | NS      | $7199388.79   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Group PLC                          | Compass Group PLC                              | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    629023 | NS      | $21379066.20  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Tosoh Corp                                 | Tosoh Corp                                     | CUSIP: 000000000<br>LEI: 529900YSLFVJF2MDBX02 | Long             | EC               | CORP              | JP        |     34600 | NS      | $545449.12    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                   | Adyen NV                                       | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      5539 | NS      | $9300928.14   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                    | Heidelberg Materials AG                        | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |      5939 | NS      | $1404861.32   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Pro Medicus Ltd                            | Pro Medicus Ltd                                | CUSIP: 000000000<br>LEI: 98450085A903D1BMFF27 | Long             | EC               | CORP              | AU        |     39270 | NS      | $7627594.91   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                  | Prosus NV                                      | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |    545373 | NS      | $33736500.57  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                | NN Group NV                                    | CUSIP: 000000000<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |    135692 | NS      | $9339967.79   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BBVA                                       | Banco Bilbao Vizcaya Argentaria SA             | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |   1358436 | NS      | $24722195.15  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocketboots Ltd                            | Rocketboots Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      1389 | NS      | $109.08       | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Aena SME SA                                | Aena SME SA                                    | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     72958 | NS      | $2114653.33   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Telenor ASA                                | Telenor ASA                                    | CUSIP: 000000000<br>LEI: 549300IM1QSBY4SLPM26 | Long             | EC               | CORP              | NO        |    186852 | NS      | $3117351.71   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group                           | Transurban Group                               | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    871860 | NS      | $8315887.51   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurizon Holdings Ltd                       | Aurizon Holdings Ltd                           | CUSIP: 000000000<br>LEI: 5299005PC1O6NOWL3H48 | Long             | EC               | CORP              | AU        |   1072090 | NS      | $2270424.00   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital Inc                  | Mitsubishi HC Capital Inc                      | CUSIP: 000000000<br>LEI: 353800MZ3QX9RLMH7B09 | Long             | EC               | CORP              | JP        |    253600 | NS      | $2080339.85   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Exchange Group Inc                   | Japan Exchange Group Inc                       | CUSIP: 000000000<br>LEI: 353800578ADEGIJTVW07 | Long             | EC               | CORP              | JP        |    246800 | NS      | $2579585.69   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA                       | Banca Mediolanum SpA                           | CUSIP: 000000000<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |     64968 | NS      | $1314146.12   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airlines Co Ltd                      | Japan Airlines Co Ltd                          | CUSIP: 000000000<br>LEI: 3538002MH5L1QZZ93477 | Long             | EC               | CORP              | JP        |    122400 | NS      | $2602899.82   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co Ltd                     | Otsuka Holdings Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    154300 | NS      | $8096506.43   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Segro PLC                                  | Segro PLC                                      | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |     71397 | NS      | $605882.30    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                     | DBS Group Holdings Ltd                         | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |   1013160 | NS      | $39880899.19  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Telstra Group Ltd                          | Telstra Group Ltd                              | CUSIP: 000000000<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |   3842377 | NS      | $12292847.95  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                 | Allianz SE                                     | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |    173864 | NS      | $73506686.36  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Belimo Holding AG                          | Belimo Holding AG                              | CUSIP: 000000000<br>LEI: 506700339DLX749VEM23 | Long             | EC               | CORP              | CH        |      6122 | NS      | $6741184.08   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Cosmo Energy Holdings Co Ltd               | Cosmo Energy Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 353800Y4GZ7KR5X7L150 | Long             | EC               | CORP              | JP        |     36200 | NS      | $1739695.60   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co Ltd                          | Shionogi & Co Ltd                              | CUSIP: 000000000<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |     56000 | NS      | $968672.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Skanska AB                                 | Skanska AB                                     | CUSIP: 000000000<br>LEI: 549300UINV5RINHGMG07 | Long             | EC               | CORP              | SE        |    147663 | NS      | $3667083.16   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                       | Schindler Holding AG                           | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |      4590 | NS      | $1641571.57   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Bank Co Ltd                     | Japan Post Bank Co Ltd                         | CUSIP: 000000000<br>LEI: 5493006JVO6N2HC2XZ76 | Long             | EC               | CORP              | JP        |    458400 | NS      | $5762152.36   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                               | Bankinter SA                                   | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |    381048 | NS      | $5686824.60   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                  | Nestle SA                                      | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    433820 | NS      | $40922475.63  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Convatec Group PLC                         | Convatec Group PLC                             | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |    177491 | NS      | $567439.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedish Orphan Biovitrum AB                | Swedish Orphan Biovitrum AB                    | CUSIP: 000000000<br>LEI: 549300124Y3MQI87PT35 | Long             | EC               | CORP              | SE        |     67625 | NS      | $2054147.11   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola HBC AG                           | Coca-Cola HBC AG                               | CUSIP: 000000000<br>LEI: 549300EFP3TNG7JGVE49 | Long             | EC               | CORP              | CH        |    108839 | NS      | $5505549.08   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica SA                              | Telefonica SA                                  | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |   2945661 | NS      | $15792619.27  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Obayashi Corp                              | Obayashi Corp                                  | CUSIP: 000000000<br>LEI: 529900YT4O5S0LCXWD54 | Long             | EC               | CORP              | JP        |    362000 | NS      | $5872055.81   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Nice Ltd                                   | Nice Ltd                                       | CUSIP: 000000000<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     65132 | NS      | $9181358.03   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BPER Banca SPA                             | BPER Banca SPA                                 | CUSIP: 000000000<br>LEI: N747OI7JINV7RUUH6190 | Long             | EC               | CORP              | IT        |    421340 | NS      | $4376482.92   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity AB                                  | Essity AB                                      | CUSIP: 000000000<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |    220029 | NS      | $5948884.96   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Tatemono Co Ltd                      | Tokyo Tatemono Co Ltd                          | CUSIP: 000000000<br>LEI: 529900RQA4JTW1869J86 | Long             | EC               | CORP              | JP        |    121400 | NS      | $2282020.14   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group PLC                          | Ashtead Group PLC                              | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     66931 | NS      | $4931349.47   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corp                                | ITOCHU Corp                                    | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |    327400 | NS      | $18494420.88  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Thales SA                                  | Thales SA                                      | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |     90419 | NS      | $23783765.64  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Tsusho Corp                         | Toyota Tsusho Corp                             | CUSIP: 000000000<br>LEI: 549300CEE2ENIUJNXB84 | Long             | EC               | CORP              | JP        |      7600 | NS      | $202277.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Experian PLC                               | Experian PLC                                   | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | IE        |    692344 | NS      | $35888035.43  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| SingTel                                    | Singapore Telecommunications Ltd               | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |  15974100 | NS      | $53685462.96  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeda Pharmaceutical Co Ltd               | Takeda Pharmaceutical Co Ltd                   | CUSIP: 000000000<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |   1015200 | NS      | $30560322.59  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Hutchison Holdings Ltd                  | CK Hutchison Holdings Ltd                      | CUSIP: 000000000<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | HK        |   2706500 | NS      | $17906743.53  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Heavy Industries Lt             | Mitsubishi Heavy Industries Ltd                | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |    591400 | NS      | $14922331.44  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| McDonald's Japan                           | McDonald's Holdings Co Japan Ltd               | CUSIP: 000000000<br>LEI: 529900FY9FV0AYNRC729 | Long             | EC               | CORP              | JP        |     61900 | NS      | $2753068.80   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                | Heineken NV                                    | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |      6881 | NS      | $558117.72    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Terumo Corp                                | Terumo Corp                                    | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |    916000 | NS      | $16424656.46  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                             | Rheinmetall AG                                 | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |      6702 | NS      | $13000208.98  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                   | Lloyds Banking Group PLC                       | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |  29012480 | NS      | $31122668.88  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Chemical Co Ltd                   | Sumitomo Chemical Co Ltd                       | CUSIP: 000000000<br>LEI: 353800RSAU9BD8U4DM91 | Long             | EC               | CORP              | JP        |   1267300 | NS      | $3801418.45   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MS&AD Insurance Group Holdings             | MS&AD Insurance Group Holdings Inc             | CUSIP: 000000000<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |    535000 | NS      | $12445097.69  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ACS Actividades de Construccio             | ACS Actividades de Construccion y Servicios SA | CUSIP: 000000000<br>LEI: 95980020140005558665 | Long             | EC               | CORP              | ES        |    107339 | NS      | $8113401.76   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanwa Holdings Corp                        | Sanwa Holdings Corp                            | CUSIP: 000000000<br>LEI: 5299003X6BCA4ROO5A70 | Long             | EC               | CORP              | JP        |     29900 | NS      | $962653.16    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Yangzijiang Shipbuilding Holdi             | Yangzijiang Shipbuilding Holdings Ltd          | CUSIP: 000000000<br>LEI: 254900Z3JEM14YIGLM66 | Long             | EC               | CORP              | CN        |    634700 | NS      | $1438111.68   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncorp Group Ltd                          | Suncorp Group Ltd                              | CUSIP: 000000000<br>LEI: 549300BVOKRTHDIWVT46 | Long             | EC               | CORP              | AU        |    224406 | NS      | $3118613.29   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG                          | Sonova Holding AG                              | CUSIP: 000000000<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |     31348 | NS      | $9131286.19   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| J Sainsbury PLC                            | J Sainsbury PLC                                | CUSIP: 000000000<br>LEI: 213800VGZAAJIKJ9Y484 | Long             | EC               | CORP              | GB        |   1571822 | NS      | $6360377.45   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SoftBank Corp                              | SoftBank Corp                                  | CUSIP: 000000000<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |  11742800 | NS      | $18164716.98  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                     | SAP SE                                         | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    515960 | NS      | $140442449.87 | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                    | E.ON SE                                        | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |   1832019 | NS      | $32667381.00  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Ltd             | Galaxy Entertainment Group Ltd                 | CUSIP: 000000000<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |    411000 | NS      | $2178912.64   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                | Cie Financiere Richemont SA                    | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     69600 | NS      | $12185760.15  | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Helvetia Holding AG                        | Helvetia Holding AG                            | CUSIP: 000000000<br>LEI: 529900SUJBXTORH0LT80 | Long             | EC               | CORP              | CH        |     12704 | NS      | $3269694.95   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kubota Corp                                | Kubota Corp                                    | CUSIP: 000000000<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |    527300 | NS      | $6096672.06   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                                | Rational AG                                    | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |      1688 | NS      | $1258257.49   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Intertek Group PLC                         | Intertek Group PLC                             | CUSIP: 000000000<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |    240392 | NS      | $15247382.25  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                           | Roche Holding AG                               | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     11574 | NS      | $3974930.51   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                        | Intesa Sanpaolo SpA                            | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |   4426598 | NS      | $27867879.90  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                               | Keyence Corp                                   | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     48000 | NS      | $18299680.39  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PL             | London Stock Exchange Group PLC                | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |    439675 | NS      | $54490286.71  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi SpA                                  | Buzzi SpA                                      | CUSIP: 000000000<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |     49563 | NS      | $2516753.40   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                            | AstraZeneca PLC                                | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    474866 | NS      | $75700486.73  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEOS Holdings Inc                         | ENEOS Holdings Inc                             | CUSIP: 000000000<br>LEI: 3538001KQ5SAOZSQTT44 | Long             | EC               | CORP              | JP        |   2924300 | NS      | $17315937.01  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicharm Corp                              | Unicharm Corp                                  | CUSIP: 000000000<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |   1169000 | NS      | $7801053.05   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Hapoalim BM                           | Bank Hapoalim BM                               | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |    363840 | NS      | $7110822.16   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Hitachi Construction Machinery             | Hitachi Construction Machinery Co Ltd          | CUSIP: 000000000<br>LEI: 5493009B7C53PDH8W826 | Long             | EC               | CORP              | JP        |     17400 | NS      | $534917.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spru             | Chocoladefabriken Lindt & Spruengli AG         | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |       266 | NS      | $4056631.30   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MFE-MediaForEurope NV                      | MFE-MediaForEurope NV                          | CUSIP: 000000000<br>LEI: 213800DIFN7NR7B97A50 | Long             | EC               | CORP              | IT        |        23 | NS      | $83.79        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                          | Siemens Energy AG                              | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |    583142 | NS      | $62034276.34  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bureau Veritas SA                          | Bureau Veritas SA                              | CUSIP: 000000000<br>LEI: 969500TPU5T3HA5D1F11 | Long             | EC               | CORP              | FR        |    641741 | NS      | $19359135.26  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortescue Ltd                              | Fortescue Ltd                                  | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     10790 | NS      | $136096.17    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa SA                                  | Endesa SA                                      | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |    232146 | NS      | $7072141.24   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SGS SA                                     | SGS SA                                         | CUSIP: 000000000<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |    165565 | NS      | $16889329.00  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| ANA Holdings Inc                           | ANA Holdings Inc                               | CUSIP: 000000000<br>LEI: 5493008IRKIY0G3TE305 | Long             | EC               | CORP              | JP        |      1000 | NS      | $20161.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Corp                                | Otsuka Corp                                    | CUSIP: 000000000<br>LEI: 529900RG9DJ58J3UIE72 | Long             | EC               | CORP              | JP        |    104200 | NS      | $2140001.88   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyocera Corp                               | Kyocera Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    479100 | NS      | $6371882.54   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Telia Co AB                                | Telia Co AB                                    | CUSIP: 000000000<br>LEI: 213800FSR9RNDUOTXO25 | Long             | EC               | CORP              | SE        |   1596107 | NS      | $5958606.82   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                                   | SMC Corp                                       | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |     22800 | NS      | $6978142.84   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                     | AXA SA                                         | CUSIP: 000000000<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |      3295 | NS      | $153473.39    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Getinge AB                                 | Getinge AB                                     | CUSIP: 000000000<br>LEI: 5493003PZ4F570G3W735 | Long             | EC               | CORP              | SE        |    190669 | NS      | $4177829.01   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Leumi Le-Israel BM                    | Bank Leumi Le-Israel BM                        | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |    433827 | NS      | $8336875.44   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Var Energi ASA                             | Var Energi ASA                                 | CUSIP: 000000000<br>LEI: 549300LIVN3FFOJN2K47 | Long             | EC               | CORP              | NO        |   1486633 | NS      | $5092166.03   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP SA                                     | EDP SA                                         | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |    669868 | NS      | $2966791.57   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Close Brothers Group PLC                   | Close Brothers Group PLC                       | CUSIP: 000000000<br>LEI: 213800W73SYHR14I3X91 | Long             | EC               | CORP              | GB        |        15 | NS      | $93.22        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kone Oyj                                   | Kone Oyj                                       | CUSIP: 000000000<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |     80080 | NS      | $5036831.32   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech International SA                  | Logitech International SA                      | CUSIP: 000000000<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |    174400 | NS      | $18008156.25  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corp                                   | NEC Corp                                       | CUSIP: 000000000<br>LEI: 5493000QYMPFRTEY4K28 | Long             | EC               | CORP              | JP        |   1328000 | NS      | $40438541.48  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK LIQUIDITY FUNDS T-FUND PORTFOLIO | BLACKROCK LIQUIDITY FUNDS T-FUND PORTFOLIO     | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        | 101066100 | NS      | $101066099.78 | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Link REIT                                  | Link REIT                                      | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               | CORP              | HK        |   1256000 | NS      | $6708511.82   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| South32 Ltd                                | South32 Ltd                                    | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |   2660865 | NS      | $4698302.08   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Wartsila OYJ Abp                           | Wartsila OYJ Abp                               | CUSIP: 000000000<br>LEI: 743700G7A9J1PHM3X223 | Long             | EC               | CORP              | FI        |     66658 | NS      | $1953933.66   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SES SA                                     | SES SA                                         | CUSIP: 000000000<br>LEI: 5493008JPA4HYMH1HX51 | Long             | EC               | CORP              | LU        |         9 | NS      | $62.91        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV              | Koninklijke Ahold Delhaize NV                  | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |    331124 | NS      | $13269078.21  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Unipol Assicurazioni SpA                   | Unipol Assicurazioni SpA                       | CUSIP: 000000000<br>LEI: 8156005CE5E7340CCA86 | Long             | EC               | CORP              | IT        |     77262 | NS      | $1614238.37   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Corp                            | Mitsubishi Corp                                | CUSIP: 000000000<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |   1402500 | NS      | $31664062.54  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexi SpA                                   | Nexi SpA                                       | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | EC               | CORP              | IT        |   1060164 | NS      | $6727365.10   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| SPIE SA                                    | SPIE SA                                        | CUSIP: 000000000<br>LEI: 969500TJNS5GSFWJ8X85 | Long             | EC               | CORP              | FR        |     37536 | NS      | $2080450.14   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| FANUC Corp                                 | FANUC Corp                                     | CUSIP: 000000000<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |    527900 | NS      | $14675350.17  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Pearson PLC                                | Pearson PLC                                    | CUSIP: 000000000<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |    103386 | NS      | $1503420.02   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                     | BP PLC                                         | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   4761377 | NS      | $27852268.89  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Holdings Inc                        | Nomura Holdings Inc                            | CUSIP: 000000000<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |   1678800 | NS      | $11945115.15  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimizu Corp                               | Shimizu Corp                                   | CUSIP: 000000000<br>LEI: 353800BRAE0QFP3ZLY22 | Long             | EC               | CORP              | JP        |    694100 | NS      | $9324746.35   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Mediobanca Banca di Credito Fi             | Mediobanca Banca di Credito Finanziario SpA    | CUSIP: 000000000<br>LEI: PSNL19R2RXX5U3QWHI44 | Long             | EC               | CORP              | IT        |    144187 | NS      | $3492560.48   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizrahi Tefahot Bank Ltd                   | Mizrahi Tefahot Bank Ltd                       | CUSIP: 000000000<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | EC               | CORP              | IL        |     94900 | NS      | $6197624.66   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Research Institute Ltd              | Nomura Research Institute Ltd                  | CUSIP: 000000000<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |    202300 | NS      | $7941137.68   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Coles Group Ltd                            | Coles Group Ltd                                | CUSIP: 000000000<br>LEI: 549300OHQRG2HN8LZ793 | Long             | EC               | CORP              | AU        |    598614 | NS      | $9344972.34   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext NV                                | Euronext NV                                    | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     29505 | NS      | $4870681.14   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Ono Pharmaceutical Co Ltd                  | Ono Pharmaceutical Co Ltd                      | CUSIP: 000000000<br>LEI: 529900G26L4NG4GFJZ86 | Long             | EC               | CORP              | JP        |     51500 | NS      | $580056.79    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                  | Shell PLC                                      | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   1580584 | NS      | $58196106.26  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sompo Holdings Inc                         | Sompo Holdings Inc                             | CUSIP: 000000000<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |    713500 | NS      | $22803080.81  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Danske Bank A/S                            | Danske Bank A/S                                | CUSIP: 000000000<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |    104046 | NS      | $4282347.63   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd               | Techtronic Industries Co Ltd                   | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |   1271500 | NS      | $16443544.45  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                   | Infineon Technologies AG                       | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    574132 | NS      | $23501447.87  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                         | Tokyo Electron Ltd                             | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |    247400 | NS      | $33692464.89  | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Swire Pacific Ltd                          | Swire Pacific Ltd                              | CUSIP: 000000000<br>LEI: 549300KZOZHII0DGF611 | Long             | EC               | CORP              | HK        |    373000 | NS      | $3197224.66   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley PLC                                | Beazley PLC                                    | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    365471 | NS      | $3868962.51   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                               | Capgemini SE                                   | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |    110974 | NS      | $15783767.94  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                            | Sony Group Corp                                | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |   3406100 | NS      | $93092601.48  | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Games Workshop Group PLC                   | Games Workshop Group PLC                       | CUSIP: 000000000<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |       369 | NS      | $77036.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Accelleron Industries AG                   | Accelleron Industries AG                       | CUSIP: 000000000<br>LEI: 254900KS0MD2PAARXD14 | Long             | EC               | CORP              | CH        |     78430 | NS      | $6748978.98   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Nissan Chemical Corp                       | Nissan Chemical Corp                           | CUSIP: 000000000<br>LEI: 3538002E4L1CUGJFFU25 | Long             | EC               | CORP              | JP        |     60200 | NS      | $2123673.03   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| FDJ UNITED                                 | FDJ UNITED                                     | CUSIP: 000000000<br>LEI: 969500R4CLSQFTYYI535 | Long             | EC               | CORP              | FR        |     38599 | NS      | $1242414.24   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Cash Funds - Institutional       | BlackRock Cash Funds - Institutional           | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |       475 | NS      | $475.35       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius AG                               | Sartorius AG                                   | CUSIP: 000000000<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |     16632 | NS      | $3863606.17   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                        | Societe Generale SA                            | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |    385790 | NS      | $23806654.47  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Gjensidige Forsikring ASA                  | Gjensidige Forsikring ASA                      | CUSIP: 000000000<br>LEI: 5967007LIEEXZX6FAO47 | Long             | EC               | CORP              | NO        |     39055 | NS      | $1084950.69   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt             | LVMH Moet Hennessy Louis Vuitton SE            | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |    101883 | NS      | $60155205.08  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                | Swedbank AB                                    | CUSIP: 000000000<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |    378865 | NS      | $10662355.20  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                              | Rio Tinto PLC                                  | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    457363 | NS      | $28590617.17  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                        | Deutsche Telekom AG                            | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |   2092701 | NS      | $76582431.48  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Kasei Corp                           | Asahi Kasei Corp                               | CUSIP: 000000000<br>LEI: 353800GPI4Z3MGDGN142 | Long             | EC               | CORP              | JP        |    514400 | NS      | $4197802.65   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Israel Discount Bank Ltd                   | Israel Discount Bank Ltd                       | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |    355671 | NS      | $3523505.80   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa House Industry Co Ltd                | Daiwa House Industry Co Ltd                    | CUSIP: 000000000<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |    146800 | NS      | $5186843.04   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Snam SpA                                   | Snam SpA                                       | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |   1416983 | NS      | $8625548.83   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinor ASA                                | Equinor ASA                                    | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     53556 | NS      | $1321699.84   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                            | BAE Systems PLC                                | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |   2223767 | NS      | $52705181.67  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler SpA                                | Moncler SpA                                    | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |     89744 | NS      | $5223541.06   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                           | Deutsche Post AG                               | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     23138 | NS      | $1054576.77   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Insurance Co Ltd                | Japan Post Insurance Co Ltd                    | CUSIP: 000000000<br>LEI: 54930042SK2Z708BA841 | Long             | EC               | CORP              | JP        |     50800 | NS      | $1422346.54   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                              | Assa Abloy AB                                  | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |    416403 | NS      | $14713488.80  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                 | Vonovia SE                                     | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |    274149 | NS      | $8877863.41   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridgestone Corp                           | Bridgestone Corp                               | CUSIP: 000000000<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |     29200 | NS      | $1319122.78   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                  | Danone SA                                      | CUSIP: 000000000<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |    300525 | NS      | $25084028.06  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp                               | Olympus Corp                                   | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    297000 | NS      | $3442539.62   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Valeo SE                                   | Valeo SE                                       | CUSIP: 000000000<br>LEI: 5493006IH2N2WMIBB742 | Long             | EC               | CORP              | FR        |    177294 | NS      | $2151626.67   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd               | Chugai Pharmaceutical Co Ltd                   | CUSIP: 000000000<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |    151700 | NS      | $6703827.24   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                         | Smith & Nephew PLC                             | CUSIP: 000000000<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    328777 | NS      | $6166731.31   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BHP Group Ltd                              | BHP Group Ltd                                  | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |   1268950 | NS      | $35369440.00  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings PLC                   | Rolls-Royce Holdings PLC                       | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |   4895589 | NS      | $70596107.59  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Canon Inc                                  | Canon Inc                                      | CUSIP: 000000000<br>LEI: 529900JH1GSC035SSP77 | Long             | EC               | CORP              | JP        |    827700 | NS      | $24222674.04  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                               | Unilever PLC                                   | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    410610 | NS      | $25903377.95  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Corp                              | Sumitomo Corp                                  | CUSIP: 000000000<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |    850300 | NS      | $23812993.07  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| A2A SpA                                    | A2A SpA                                        | CUSIP: 000000000<br>LEI: 81560076E3944316DB24 | Long             | EC               | CORP              | IT        |   1187899 | NS      | $2984790.17   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Elisa Oyj                                  | Elisa Oyj                                      | CUSIP: 000000000<br>LEI: 743700TU2S3DXWGU7H32 | Long             | EC               | CORP              | FI        |     30621 | NS      | $1632388.20   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NTT Inc                                    | NTT Inc                                        | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |  15640500 | NS      | $16542570.77  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Fudosan Holdings Corp                | Tokyu Fudosan Holdings Corp                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     36600 | NS      | $293585.65    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                | Italgas SpA                                    | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |    135416 | NS      | $1217195.22   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sankyo Co Ltd                              | Sankyo Co Ltd                                  | CUSIP: 000000000<br>LEI: 3538009H2R9ZBZAOAK48 | Long             | EC               | CORP              | JP        |     12400 | NS      | $249605.74    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                              | AIA Group Ltd                                  | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   7187000 | NS      | $68307807.31  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CyberAgent Inc                             | CyberAgent Inc                                 | CUSIP: 000000000<br>LEI: 3538006T5KZABPGS8Q08 | Long             | EC               | CORP              | JP        |     35000 | NS      | $423194.89    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LY Corp                                    | LY Corp                                        | CUSIP: 000000000<br>LEI: 52990078MD2OL792YM35 | Long             | EC               | CORP              | JP        |    955400 | NS      | $3024777.19   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                   | Svenska Handelsbanken AB                       | CUSIP: 000000000<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |    418367 | NS      | $5383501.11   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco PLC               | British American Tobacco PLC                   | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    104628 | NS      | $5941579.06   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co Ltd                 | Japan Post Holdings Co Ltd                     | CUSIP: 000000000<br>LEI: 5299003D9N4JBS256X18 | Long             | EC               | CORP              | JP        |   1144000 | NS      | $11673844.23  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Qantas Airways Ltd                         | Qantas Airways Ltd                             | CUSIP: 000000000<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |    867687 | NS      | $6648419.00   | 0.12%             |  |  |  | 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        |     50000 | NS      | $45086.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                    | Siemens Healthineers AG                        | CUSIP: 000000000<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |    150207 | NS      | $8317638.75   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                   | Engie SA                                       | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |   1405691 | NS      | $29088457.93  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                                    | ABB Ltd                                        | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |   1095966 | NS      | $73551508.94  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                 | Anheuser-Busch InBev SA/NV                     | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |    189055 | NS      | $11860541.62  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui & Co Ltd                            | Mitsui & Co Ltd                                | CUSIP: 000000000<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |   1987500 | NS      | $45755001.00  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Infrastrutture Wireless Italia             | Infrastrutture Wireless Italiane SpA           | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |    217913 | NS      | $2642089.66   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Worley Ltd                                 | Worley Ltd                                     | CUSIP: 000000000<br>LEI: 549300XDR86FY8OLGP97 | Long             | EC               | CORP              | AU        |     16268 | NS      | $155894.64    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius Medical Care AG                  | Fresenius Medical Care AG                      | CUSIP: 000000000<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     42193 | NS      | $2174996.42   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AceVector Limited                          | AceVector Limited                              | CUSIP: 000000000<br>LEI: 5493002HL9KOT2Y5UT46 | Long             | EC               | CORP              | IN        |    172800 | NS      | $60601.24     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Asahi Intecc Co Ltd                        | Asahi Intecc Co Ltd                            | CUSIP: 000000000<br>LEI: 353800J3AV2SCNIO8L39 | Long             | EC               | CORP              | JP        |    118200 | NS      | $2023512.31   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma Inc                        | Astellas Pharma Inc                            | CUSIP: 000000000<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |    755900 | NS      | $8298025.98   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Amada Co Ltd                               | Amada Co Ltd                                   | CUSIP: 000000000<br>LEI: 529900QF5O6TQGCPDX85 | Long             | EC               | CORP              | JP        |    357600 | NS      | $4544097.52   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp                             | Advantest Corp                                 | CUSIP: 000000000<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     96700 | NS      | $7394600.48   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Admiral Group PLC                          | Admiral Group PLC                              | CUSIP: 000000000<br>LEI: 213800FGVM7Z9EJB2685 | Long             | EC               | CORP              | GB        |     54407 | NS      | $2666125.27   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Secom Co Ltd                               | Secom Co Ltd                                   | CUSIP: 000000000<br>LEI: 529900TYCL9N3E9PGE47 | Long             | EC               | CORP              | JP        |    180100 | NS      | $6649380.33   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-27

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer