# EDGAR Filing Document

**Accession Number:** 0000849402
**File Stem:** 0002071691-26-015403
**Filing Date:** 2026-6
**Character Count:** 42573
**Document Hash:** f885c57eff6b681310c76c5b545c32cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-015403.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0002071691-26-015403

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK EMERGING MARKETS FUND, INC.
- **CENTRAL INDEX KEY:** 0000849402

**ORGANIZATION NAME:**
- **EIN:** 222986118
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05723
- **FILM NUMBER:** 261124658

**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:** BLACKROCK GLOBAL EMERGING MARKETS FUND, INC.
- **DATE OF NAME CHANGE:** 20080317

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK DEVELOPING CAPITAL MARKETS FUND, INC.
- **DATE OF NAME CHANGE:** 20061002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### BLACKROCK EMERGING MARKETS FUND, INC. (Series ID: S000002250)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000005814 | Investor A    |  |
| C000005816 | Investor C    |  |
| C000005817 | Institutional |  |
| C000198223 | Class K       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Emerging Markets Fund, Inc.

- **b. Investment Company Act file number:** 811-05723

- **c. CIK number of Registrant:** 0000849402

- **d. LEI of Registrant:** V7MCQIT131MC0O5SFL70

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

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

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

- **a. Name of Series:** BlackRock Emerging Markets Fund, Inc.

- **b. EDGAR series identifier (if any):** S000002250

- **c. LEI of Series:** V7MCQIT131MC0O5SFL70

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

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

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2117256420.39

**Total Liabilities:** $19499555.13

**Net Assets:** $2097756865.26

**Cash Not Reported:** $6875559.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005814 | 6.63%                | -11.94%              | 18.32%               |
| Class ID C000005816 | 6.55%                | -11.99%              | 18.21%               |
| Class ID C000005817 | 6.64%                | -11.92%              | 18.32%               |
| Class ID C000198223 | 6.64%                | -11.89%              | 18.31%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $48183540.40             | $83924063.35                               |
| Month 2  | $41640158.09             | $-274173329.58                             |
| Month 3  | $16209748.92             | $301478796.46                              |

**Designated Index Information**

- **Index Name:** MSCI Emerging Markets Index

- **Index Identifier:** GDUEEGF

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alibaba Group Holding Ltd.                              | Alibaba Group Holding Ltd.                              | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     75359 | NS      | $9938344.92   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                               | BlackRock Liquidity Funds, T-Fund, Institutional Class  | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        | 134456094 | NS      | $134456093.97 | 6.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | Cyrela Brazil Realty SA Empreendimentos e Participacoes | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | BR        |    436603 | NS      | $1892140.31   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | Cyrela Brazil Realty SA Empreendimentos e Participacoes | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   4015321 | NS      | $18966508.78  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                      | Grupo Financiero Banorte SAB de CV, Class O             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   3031152 | NS      | $32913467.75  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA (Preference)                     | Petroleo Brasileiro SA - Petrobras (Preference)         | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |   2389320 | NS      | $23821787.71  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Futu Holdings Ltd.                                      | Futu Holdings Ltd.                                      | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |    171605 | NS      | $26514688.55  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV              | Grupo Aeroportuario del Pacifico SAB de CV              | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |     65340 | NS      | $16457185.80  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    248729 | NS      | $6613704.11   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                                 | Sberbank of Russia PJSC                                 | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |   6788060 | NS      | $905.68       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kinross Gold Corp.                                      | Kinross Gold Corp.                                      | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    663279 | NS      | $20057556.96  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Polska Kasa Opieki SA                              | Bank Polska Kasa Opieki SA                              | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |    293373 | NS      | $18364701.14  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre, Inc.                                      | MercadoLibre, Inc.                                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      5404 | NS      | $9687372.52   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Aneka Tambang Tbk.                                      | Aneka Tambang Tbk.                                      | CUSIP: N/A<br>LEI: 529900LRE2NALSSHMB80       | Long             | EC               | CORP              | ID        |  21033700 | NS      | $4564620.26   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMB Group Holdings Bhd.                                | CIMB Group Holdings Bhd.                                | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |   6028900 | NS      | $11643074.98  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                | Reliance Industries Ltd.                                | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    995426 | NS      | $15097026.74  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                | Mahindra & Mahindra Ltd.                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |    621821 | NS      | $20394021.31  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics, Inc.                                 | Delta Electronics, Inc.                                 | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |    770000 | NS      | $53996609.48  | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                        | Apollo Hospitals Enterprise Ltd.                        | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |    243693 | NS      | $19671082.89  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co. Ltd.                                 | Elite Material Co. Ltd.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    487000 | NS      | $72565257.66  | 3.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd.                              | Capitec Bank Holdings Ltd.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    110772 | NS      | $28762283.13  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd.                                      | Bharti Airtel Ltd.                                      | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |    570826 | NS      | $11410769.93  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                          | SK Hynix, Inc.                                          | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    112696 | NS      | $100498764.12 | 4.79%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd.                             | BOC Hong Kong Holdings Ltd.                             | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |   2685500 | NS      | $15447502.81  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk. PT                            | Bank Mandiri Persero Tbk. PT                            | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |  56140300 | NS      | $14284986.45  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co. Ltd.                           | China Life Insurance Co. Ltd., Class H                  | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |   1414000 | NS      | $5216322.69   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co. Ltd.                             | Zijin Mining Group Co. Ltd., Class H                    | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |   6924000 | NS      | $32155068.10  | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                            | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    777796 | NS      | $117126502.17 | 5.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Sasol Ltd.                                              | Sasol Ltd.                                              | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |   1296110 | NS      | $18015349.32  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.             | Taiwan Semiconductor Manufacturing Co. Ltd.             | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   3436000 | NS      | $238533541.03 | 11.37%            |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp.                               | Pan American Silver Corp.                               | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    375061 | NS      | $19611939.69  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt.                                          | OTP Bank Nyrt.                                          | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |    359037 | NS      | $48157248.27  | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                     | BlackRock Cash Funds: Institutional, SL Agency Shares   | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |  18175081 | NS      | $18180533.36  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                                | Sea Ltd., Class A                                       | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |    237437 | NS      | $20153652.56  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de Chile SA                   | Sociedad Quimica y Minera de Chile SA                   | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |    178923 | NS      | $16491332.91  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Uae Dirham                                              | Uae Dirham                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AE        |      1977 | OU      | $538.17       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UltraTech Cement Ltd.                                   | UltraTech Cement Ltd.                                   | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |     78335 | NS      | $9611599.21   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                                   | Aldar Properties PJSC                                   | CUSIP: N/A<br>LEI: 98450048CD8AEF13B480       | Long             | EC               | CORP              | AE        |   8228368 | NS      | $17305115.01  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                           | Al Rajhi Bank                                           | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |    415075 | NS      | $7609957.93   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production PCL                        | PTT Exploration & Production PCL                        | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |   3591500 | NS      | $17051917.27  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| CG Power & Industrial Solutions Ltd.                    | CG Power & Industrial Solutions Ltd.                    | CUSIP: N/A<br>LEI: 335800KN5UTZKUZN2703       | Long             | EC               | CORP              | IN        |   1241973 | NS      | $10669599.64  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Rabigh Refining & Petrochemical Co.                     | Rabigh Refining & Petrochemical Co.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |   7849189 | NS      | $31036787.86  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group, Inc.                                | KB Financial Group, Inc.                                | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |    190080 | NS      | $20814747.23  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Alchip Technologies Ltd.                                | Alchip Technologies Ltd.                                | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | KY        |    219000 | NS      | $29292339.02  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Acter Group Corp. Ltd.                                  | Acter Group Corp. Ltd.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    818000 | NS      | $21866396.64  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek PJSC                                            | Novatek PJSC                                            | CUSIP: N/A<br>LEI: 2138008R6GCRVBDFA581       | Long             | EC               | CORP              | RU        |    295922 | NS      | $39.48        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gazprom PJSC                                            | Gazprom PJSC                                            | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |   8520027 | NS      | $1136.76      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LUKOIL PJSC                                             | LUKOIL PJSC                                             | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |   1370026 | NS      | $182.79       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                        | Powszechny Zaklad Ubezpieczen SA                        | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    911966 | NS      | $16044104.99  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co. Ltd.                            | HD Hyundai Electric Co. Ltd.                            | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |     33098 | NS      | $28461595.05  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp.                                            | Wiwynn Corp.                                            | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |    367000 | NS      | $55101579.60  | 2.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Rotem Co. Ltd.                                  | Hyundai Rotem Co. Ltd.                                  | CUSIP: N/A<br>LEI: 988400HB939UNHXTFY36       | Long             | EC               | CORP              | KR        |    121184 | NS      | $22176104.05  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co. Ltd.                         | ASE Technology Holding Co. Ltd.                         | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |   2499000 | NS      | $39170968.10  | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiaomi Corp.                                            | Xiaomi Corp., Class B                                   | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |    877400 | NS      | $3292182.11   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                                 | Meituan, Class B                                        | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |    558500 | NS      | $6009006.21   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co. Ltd.                | Contemporary Amperex Technology Co. Ltd., Class A       | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    595100 | NS      | $38213666.07  | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| T-Tekhnologii MKPAO                                     | T-Tekhnologii MKPAO                                     | CUSIP: 87238U203<br>LEI: 549300XQRN9MR54V1W18 | Long             | EC               | CORP              | RU        |     25066 | NS      | $3.34         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HDFC Bank Ltd.                                          | HDFC Bank Ltd.                                          | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   1950661 | NS      | $15954600.69  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                              | Alibaba Group Holding Ltd.                              | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   2257576 | NS      | $37207141.56  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Square Co. Ltd.                                      | SK Square Co. Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    142446 | NS      | $82903702.75  | 3.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Sany Heavy Industry Co. Ltd.                            | Sany Heavy Industry Co. Ltd., Class H                   | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | CN        |   4921000 | NS      | $13740933.46  | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                   | Tencent Holdings Ltd.                                   | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |   1676000 | NS      | $101787277.23 | 4.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D'Or Sao Luiz SA                                   | Rede D'Or Sao Luiz SA                                   | CUSIP: N/A<br>LEI: 9269004BEA774D836A73       | Long             | EC               | CORP              | BR        |    850436 | NS      | $6584618.97   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sany Heavy Industry Co. Ltd.                            | Sany Heavy Industry Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | CN        |  14663751 | NS      | $43818798.92  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co. Ltd.                             | Zijin Mining Group Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |    591400 | NS      | $2913264.49   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastroc Beverage Group Co. Ltd.                         | Eastroc Beverage Group Co. Ltd., Class A                | CUSIP: N/A<br>LEI: 836800LQ338417RCIL29       | Long             | EC               | CORP              | CN        |    430400 | NS      | $12854572.87  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Victory Giant Technology Huizhou Co. Ltd.               | Victory Giant Technology Huizhou Co. Ltd., Class H      | CUSIP: N/A<br>LEI: 836800LBU3EF5U7ECE87       | Long             | EC               | CORP              | CN        |    334400 | NS      | $13636432.81  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd.                                          | Axis Bank Ltd.                                          | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |    489758 | NS      | $6568917.58   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Varun Beverages Ltd.                                    | Varun Beverages Ltd.                                    | CUSIP: N/A<br>LEI: 33580058NWEMWBDNMD48       | Long             | EC               | CORP              | IN        |   2812634 | NS      | $15320413.87  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co. Ltd.                             | Montage Technology Co. Ltd., Class H                    | CUSIP: N/A<br>LEI: 836800ZMWT5PAN574D81       | Long             | EC               | CORP              | CN        |    403900 | NS      | $13500289.82  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazilian Real                                          | Brazilian Real                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | BR        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanil Electric Co. Ltd.                                 | Sanil Electric Co. Ltd.                                 | CUSIP: N/A<br>LEI: 988400KW0ZAP6QNYIX16       | Long             | EC               | CORP              | KR        |     84005 | NS      | $15334860.86  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Vishal Mega Mart Ltd.                                   | Vishal Mega Mart Ltd.                                   | CUSIP: N/A<br>LEI: 335800AL4QPSIFSU3936       | Long             | EC               | CORP              | IN        |  13265064 | NS      | $17181998.24  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   1592098 | NS      | $21363313.24  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co. Ltd.                | Contemporary Amperex Technology Co. Ltd., Class H       | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    235700 | NS      | $18628789.40  | 0.89%             |  |  |  | No            |                  2 | On Loan: —       |
| Alpha Bank SA                                           | Alpha Bank SA                                           | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |   7545460 | NS      | $30281702.23  | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastroc Beverage Group Co. Ltd.                         | Eastroc Beverage Group Co. Ltd., Class H                | CUSIP: N/A<br>LEI: 836800LQ338417RCIL29       | Long             | EC               | CORP              | CN        |    294000 | NS      | $7589760.61   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Muyuan Foods Co. Ltd.                                   | Muyuan Foods Co. Ltd., Class H                          | CUSIP: N/A<br>LEI: 3003006NCTDQW4KZR676       | Long             | EC               | CORP              | CN        |   1132500 | NS      | $5994695.18   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Yuan Renminbi                                           | Yuan Renminbi                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CN        |         0 | OU      | $0.03         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                    | EURO                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |     13500 | OU      | $15844.26     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| XP, Inc.                                                | XP, Inc., Class A                                       | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |    240762 | NS      | $4612999.92   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pound Sterling                                          | Pound Sterling                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |         0 | OU      | $0.25         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Dollar                                        | Hong Kong Dollar                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | HK        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Forint                                                  | Forint                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | HU        |        -3 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Rupiah                                                  | Rupiah                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ID        |        -2 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Rupee                                            | Indian Rupee                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        | 183549522 | OU      | $1933855.97   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Won                                                     | Won                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | KR        |       -53 | OU      | $-0.04        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Mexican Peso                                            | Mexican Peso                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | MX        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Krone                                         | Norwegian Krone                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NO        |       176 | OU      | $18.95        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Axis Bank Ltd.                                          | CUSIP: 05462W109<br>LEI: N/A                  | N/A              | DE               |  | US        |    118853 | NS      | $-649326.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | FPT Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |   2465785 | NS      | $-322195.25   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Hong Kong Exchanges & Clearing Ltd.                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    326900 | NS      | $208304.69    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Sany Heavy Industry Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |   2652100 | NS      | $-176825.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Zijin Mining Group Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |   5938700 | NS      | $-855146.13   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | NAURA Technology Group Co. Ltd., Class A                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |    123110 | NS      | $1377735.51   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Hongfa Technology Co. Ltd., Class A                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |   4057494 | NS      | $2926278.39   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Contemporary Amperex Technology Co. Ltd., Class A       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    128600 | NS      | $884727.31    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Hwatsing Technology Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    850894 | NS      | $2256194.98   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Sungrow Power Supply Co. Ltd., Class A                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    212800 | NS      | $369475.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Montage Technology Co. Ltd., Class A                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    121089 | NS      | $53130.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Weichai Power Co. Ltd., Class A                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |   3830800 | NS      | $842207.36    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Philippine Peso                                         | Philippine Peso                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | PH        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zloty                                                   | Zloty                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |         0 | OU      | $0.12         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Riyal                                             | Saudi Riyal                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | SA        |       976 | OU      | $260.35       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Turkish Lira                                        | New Turkish Lira                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | TR        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Taiwan Dollar                                       | New Taiwan Dollar                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |   2963699 | OU      | $93537.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rand                                                    | Rand                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ZA        |        26 | OU      | $1.59         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** BlackRock Emerging Markets Fund, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer