# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001752724-25-157874
**Filing Date:** 2025-6
**Character Count:** 48131
**Document Hash:** 49450193f195623ac110a7453decf3eb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157874.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157874

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250430

**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:** 251076940

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

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

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

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

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

## Series and Classes Contracts Data

### BlackRock Defensive Advantage Emerging Markets Fund (Series ID: S000070274)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000223506 | Institutional |  |
| C000223507 | Class K       |  |
| C000223508 | Investor A    |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

- **a. Name of Series:** BlackRock Defensive Advantage Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000070274

- **c. LEI of Series:** 549300YBS1SNG9MML040

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**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:** $11525879.88

**Total Liabilities:** $294317.54

**Net Assets:** $11231562.34

**Cash Not Reported:** $44231.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223507 | -0.39%               | 2.45%                | 1.91%                |
| Class ID C000223508 | -0.39%               | 2.45%                | 1.91%                |
| Class ID C000223506 | -0.29%               | 2.45%                | 1.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $108757.94               | $-167534.59                                |
| Month 2  | $18329.94                | $198084.02                                 |
| Month 3  | $61243.64                | $142664.63                                 |

### Schedule of Portfolio Investments

| Name                                            | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HCL Technologies Ltd                            | HCL Technologies Ltd                                    | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |      6962 | NS      | $129130.54    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd                             | Larsen & Toubro Ltd                                     | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |      3672 | NS      | $145347.33    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                          | Kweichow Moutai Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       288 | NS      | $61306.58     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co Ltd                          | Wuliangye Yibin Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8900 | NS      | $157601.79    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Tingyi Cayman Islands Holding Corp              | Tingyi Cayman Islands Holding Corp                      | CUSIP: 000000000<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | KY        |     88000 | NS      | $158957.14    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Alrosa PJSC                                     | Alrosa PJSC                                             | CUSIP: 000000000<br>LEI: 894500DKUWVBYZLLE651 | Long             | EC               | CORP              | RU        |     37207 | NS      | $4.54         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CP ALL PCL                                      | CP ALL PCL                                              | CUSIP: 000000000<br>LEI: 894500LSBZLM09TY1A91 | Long             | EC               | CORP              | TH        |    106800 | NS      | $164447.66    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp                                        | Kia Corp                                                | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |      2482 | NS      | $157739.21    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Telecom Co                                | Saudi Telecom Co                                        | CUSIP: 000000000<br>LEI: 21380028ATJ79OTA9W17 | Long             | EC               | CORP              | SA        |     12593 | NS      | $159877.77    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Mobile Co Ltd                            | Taiwan Mobile Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     43000 | NS      | $152671.77    | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Turk Hava Yollari AO                            | Turk Hava Yollari AO                                    | CUSIP: 000000000<br>LEI: 789000EV8M3BL7ZPFB03 | Long             | EC               | CORP              | TR        |      1592 | NS      | $11812.52     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                     | Abu Dhabi Islamic Bank PJSC                             | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |     13202 | NS      | $65729.69     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| BeiGene Ltd                                     | BeiGene Ltd                                             | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | KY        |      3600 | NS      | $72754.20     | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                    | China Construction Bank Corp                            | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |     22200 | NS      | $27656.35     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Lupin Ltd                                       | Lupin Ltd                                               | CUSIP: 000000000<br>LEI: 335800HHXTESDEE2FC65 | Long             | EC               | CORP              | IN        |      6967 | NS      | $173248.94    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| KT&G Corp                                       | KT&G Corp                                               | CUSIP: 000000000<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |       668 | NS      | $53917.13     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Lal PathLabs Ltd                             | Dr Lal PathLabs Ltd                                     | CUSIP: 000000000<br>LEI: 984500E8E9CY102B9718 | Long             | EC               | CORP              | IN        |      2174 | NS      | $71344.87     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                      | BYD Co Ltd                                              | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      1500 | NS      | $72941.06     | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                   | Tata Consultancy Services Ltd                           | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |      3842 | NS      | $156829.96    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Torrent Pharmaceuticals Ltd                     | Torrent Pharmaceuticals Ltd                             | CUSIP: 000000000<br>LEI: 335800NA6HK275RIJE13 | Long             | EC               | CORP              | IN        |       606 | NS      | $23832.28     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Almarai Co JSC                                  | Almarai Co JSC                                          | CUSIP: 000000000<br>LEI: 549300B4EDUXYD2G6098 | Long             | EC               | CORP              | SA        |      5370 | NS      | $75642.00     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Zydus Lifesciences Ltd                          | Zydus Lifesciences Ltd                                  | CUSIP: 000000000<br>LEI: 335800R9O14ORBXLPN13 | Long             | EC               | CORP              | IN        |      6798 | NS      | $71570.97     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi National Oil Co for Distribution PJSC | Abu Dhabi National Oil Co for Distribution PJSC         | CUSIP: 000000000<br>LEI: 213800YI1ZIOJB3HLB11 | Long             | EC               | CORP              | AE        |    108051 | NS      | $99154.73     | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Transsion Holdings Co Ltd              | Shenzhen Transsion Holdings Co Ltd                      | CUSIP: 000000000<br>LEI: 300300PDJRSNMVF0VJ83 | Long             | EC               | CORP              | CN        |      6575 | NS      | $67906.08     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Kuwait SAKP                    | National Bank of Kuwait SAKP                            | CUSIP: 000000000<br>LEI: 549300NB7FE83IH6BW96 | Long             | EC               | CORP              | KW        |     44042 | NS      | $136966.75    | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Electricity & Water Co QSC                | Qatar Electricity & Water Co QSC                        | CUSIP: 000000000<br>LEI: 2763MA9U3F8LNMP1G116 | Long             | EC               | CORP              | QA        |     15616 | NS      | $65509.39     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd                         | Chunghwa Telecom Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      8000 | NS      | $32343.23     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Bank Bhd                                 | Public Bank Bhd                                         | CUSIP: 000000000<br>LEI: 549300L2RSQCVMOHGM20 | Long             | EC               | CORP              | MY        |    153900 | NS      | $159540.98    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                         | OPAP SA                                                 | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |      7644 | NS      | $169843.66    | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Divi's Laboratories Ltd                         | Divi's Laboratories Ltd                                 | CUSIP: 000000000<br>LEI: 335800C1DHFG1C9T1M03 | Long             | EC               | CORP              | IN        |      1128 | NS      | $81423.25     | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Manila Electric Co                              | Manila Electric Co                                      | CUSIP: 000000000<br>LEI: 254900RDFLCM12O8SK69 | Long             | EC               | CORP              | PH        |     11050 | NS      | $112765.20    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coromandel International Ltd                    | Coromandel International Ltd                            | CUSIP: 000000000<br>LEI: 335800U73K3HJSQKT249 | Long             | EC               | CORP              | IN        |      6224 | NS      | $163369.72    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Aneka Tambang Tbk                               | Aneka Tambang Tbk                                       | CUSIP: 000000000<br>LEI: 529900LRE2NALSSHMB80 | Long             | EC               | CORP              | ID        |    253800 | NS      | $33173.02     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                    | MediaTek Inc                                            | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |      3000 | NS      | $127479.20    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Baiyao Group Co Ltd                      | Yunnan Baiyao Group Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     20400 | NS      | $160701.39    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Funds III                             | BlackRock Cash Funds: Institutional, SL Agency Shares   | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |     63872 | NS      | $63897.11     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Logistics Inc                                | JD Logistics Inc                                        | CUSIP: 000000000<br>LEI: 655600LWTFVMV3E2A890 | Long             | EC               | CORP              | KY        |     27800 | NS      | $43601.86     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Uplus Corp                                   | LG Uplus Corp                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     20524 | NS      | $173296.01    | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuwait Finance House KSCP                       | Kuwait Finance House KSCP                               | CUSIP: 000000000<br>LEI: 2549007KX0N057S9BC98 | Long             | EC               | CORP              | KW        |      8780 | NS      | $20733.31     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Maxis Bhd                                       | Maxis Bhd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    128400 | NS      | $110400.97    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Insurance Co Group of China Ltd/The    | People's Insurance Co Group of China Ltd/The            | CUSIP: 000000000<br>LEI: 3003000P2JHYHQ524P66 | Long             | EC               | CORP              | CN        |     46500 | NS      | $45172.18     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd               | Sun Pharmaceutical Industries Ltd                       | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |      7840 | NS      | $170038.17    | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Hexacom Ltd                              | Bharti Hexacom Ltd                                      | CUSIP: 000000000<br>LEI: 335800GJ4U5YVWJGAP02 | Long             | EC               | CORP              | IN        |       826 | NS      | $16502.67     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Electricity Co                            | Saudi Electricity Co                                    | CUSIP: 000000000<br>LEI: 549300FXO4ZXUIAXGP41 | Long             | EC               | CORP              | SA        |      9386 | NS      | $37482.01     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Chambal Fertilisers and Chemicals Ltd           | Chambal Fertilisers and Chemicals Ltd                   | CUSIP: 000000000<br>LEI: 335800DFMF2OEJ7HWM17 | Long             | EC               | CORP              | IN        |      3088 | NS      | $25318.37     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                                     | Infosys Ltd                                             | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      9692 | NS      | $170579.20    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Telecommunications Co KSCP               | Mobile Telecommunications Co KSCP                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     32877 | NS      | $50784.60     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd                               | Bank of China Ltd                                       | CUSIP: 000000000<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |    270000 | NS      | $150760.83    | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd                     | Colgate-Palmolive India Ltd                             | CUSIP: 000000000<br>LEI: 335800YWKI47DGFKWB26 | Long             | EC               | CORP              | IN        |      2186 | NS      | $66987.62     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Etihad Etisalat Co                              | Etihad Etisalat Co                                      | CUSIP: 000000000<br>LEI: 2549007BA9ABDE3HVK79 | Long             | EC               | CORP              | SA        |      6180 | NS      | $103468.19    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipla Ltd/India                                 | Cipla Ltd/India                                         | CUSIP: 000000000<br>LEI: 335800KMJJYEDDK82Q34 | Long             | EC               | CORP              | IN        |      5103 | NS      | $93643.70     | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                        | Bank Central Asia Tbk PT                                | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |     61600 | NS      | $32752.12     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| E.Sun Financial Holding Co Ltd                  | E.Sun Financial Holding Co Ltd                          | CUSIP: 000000000<br>LEI: 549300X6CNQE512OPC90 | Long             | EC               | CORP              | TW        |    177157 | NS      | $157134.12    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President China Holdings Ltd                | Uni-President China Holdings Ltd                        | CUSIP: 000000000<br>LEI: 529900JUA05094TOKA73 | Long             | EC               | CORP              | KY        |     71000 | NS      | $85138.48     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corp                 | China Petroleum & Chemical Corp                         | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |    182000 | NS      | $92905.77     | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| LTIMindtree Ltd                                 | LTIMindtree Ltd                                         | CUSIP: 000000000<br>LEI: 335800DY1I1WFHVV6T22 | Long             | EC               | CORP              | IN        |      1588 | NS      | $86179.95     | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| SF Holding Co Ltd                               | SF Holding Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     27800 | NS      | $166417.51    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Arca Continental SAB de CV                      | Arca Continental SAB de CV                              | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |     11565 | NS      | $121703.63    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd       | Industrial & Commercial Bank of China Ltd               | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | EC               | CORP              | CN        |    212000 | NS      | $145222.41    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Malayan Banking Bhd                             | Malayan Banking Bhd                                     | CUSIP: 000000000<br>LEI: 5493004OT3TOY404V310 | Long             | EC               | CORP              | MY        |     70000 | NS      | $162211.49    | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd                  | Agricultural Bank of China Ltd                          | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |     72200 | NS      | $53842.98     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co Ltd                               | SK Telecom Co Ltd                                       | CUSIP: 000000000<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |      2731 | NS      | $104342.67    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Topsports International Holdings Ltd            | Topsports International Holdings Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    108000 | NS      | $42936.17     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| City Union Bank Ltd                             | City Union Bank Ltd                                     | CUSIP: 000000000<br>LEI: 33580024M7FWA847JI64 | Long             | EC               | CORP              | IN        |     10986 | NS      | $23021.94     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                           | Emaar Properties PJSC                                   | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |      5696 | NS      | $20353.24     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co Ltd                     | China Life Insurance Co Ltd                             | CUSIP: 000000000<br>LEI: 549300J6TFLDXGH6S048 | Long             | EC               | CORP              | CN        |     10000 | NS      | $18275.95     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ReNew Energy Global PLC                         | ReNew Energy Global PLC                                 | CUSIP: 000000000<br>LEI: 254900SL77LA2KAG7R65 | Long             | EC               | CORP              | GB        |      1729 | NS      | $11031.02     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd                               | Bharti Airtel Ltd                                       | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |      7264 | NS      | $160231.00    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Islamic Bank PJSC                         | Dubai Islamic Bank PJSC                                 | CUSIP: 000000000<br>LEI: 5493003E7YRAQY3JGW88 | Long             | EC               | CORP              | AE        |     76105 | NS      | $156798.45    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Wipro Ltd                                       | Wipro Ltd                                               | CUSIP: 000000000<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |     22318 | NS      | $63742.24     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Indofood Sukses Makmur Tbk PT                   | Indofood Sukses Makmur Tbk PT                           | CUSIP: 000000000<br>LEI: 529900E61EV2GTYWZ485 | Long             | EC               | CORP              | ID        |    177100 | NS      | $85428.09     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangdong Investment Ltd                        | Guangdong Investment Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    144000 | NS      | $116527.20    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hellenic Telecommunications Organization SA     | Hellenic Telecommunications Organization SA             | CUSIP: 000000000<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |      4768 | NS      | $90482.35     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Islamic Bank QPSC                         | Qatar Islamic Bank QPSC                                 | CUSIP: 000000000<br>LEI: 254900CFGPXJI71OHT95 | Long             | EC               | CORP              | QA        |     22397 | NS      | $129719.24    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ajanta Pharma Ltd                               | Ajanta Pharma Ltd                                       | CUSIP: 000000000<br>LEI: 3358008XLYJJZBFBCK12 | Long             | EC               | CORP              | IN        |      1025 | NS      | $32827.06     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo QPSC                                    | Ooredoo QPSC                                            | CUSIP: 000000000<br>LEI: 549300D3EIDZJB62TR20 | Long             | EC               | CORP              | QA        |     46069 | NS      | $163957.46    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar International Islamic Bank QSC            | Qatar International Islamic Bank QSC                    | CUSIP: 000000000<br>LEI: 2549007SZGKT5N5ND952 | Long             | EC               | CORP              | QA        |      9486 | NS      | $27618.11     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| First Financial Holding Co Ltd                  | First Financial Holding Co Ltd                          | CUSIP: 000000000<br>LEI: 529900BC1U046Q2GUZ64 | Long             | EC               | CORP              | TW        |     89000 | NS      | $70871.36     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Wipro Ltd                                       | Wipro Ltd                                               | CUSIP: 97651M109<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |     21515 | NS      | $61532.90     | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| First Abu Dhabi Bank PJSC                       | First Abu Dhabi Bank PJSC                               | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |      6962 | NS      | $28485.78     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| SF Holding Co Ltd                               | SF Holding Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     21800 | NS      | $108857.35    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co Ltd                               | PetroChina Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |    202000 | NS      | $154355.88    | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Migros Ticaret AS                               | Migros Ticaret AS                                       | CUSIP: 000000000<br>LEI: 5493002IOWNT1QZMAA74 | Long             | EC               | CORP              | TR        |      6181 | NS      | $77078.11     | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Boubyan Bank KSCP                               | Boubyan Bank KSCP                                       | CUSIP: 000000000<br>LEI: 254900D1UAYOAUPGL280 | Long             | EC               | CORP              | KW        |     76992 | NS      | $170563.03    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Info Service PCL                       | Advanced Info Service PCL                               | CUSIP: 000000000<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               | CORP              | TH        |     15400 | NS      | $135838.35    | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co Ltd                               | SK Telecom Co Ltd                                       | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |      2275 | NS      | $49117.25     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Vipshop Holdings Ltd                            | Vipshop Holdings Ltd                                    | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |      1220 | NS      | $16616.40     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tech Mahindra Ltd                               | Tech Mahindra Ltd                                       | CUSIP: 000000000<br>LEI: 3358005FZUZ1I25XQH69 | Long             | EC               | CORP              | IN        |      8946 | NS      | $159118.41    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                          | MSCI EMGMKT JUN25                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |         3 | NC      | $-1070.01     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| IndiaMart InterMesh Ltd                         | IndiaMart InterMesh Ltd                                 | CUSIP: 000000000<br>LEI: 335800VCSXC76EXLSH68 | Long             | EC               | CORP              | IN        |       695 | NS      | $19013.98     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| 3SBio Inc                                       | 3SBio Inc                                               | CUSIP: 000000000<br>LEI: 529900P0TQC1E9Y7FN31 | Long             | EC               | CORP              | KY        |     27500 | NS      | $42401.62     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                         | America Movil SAB de CV                                 | CUSIP: 000000000<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |    124595 | NS      | $107500.95    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Healthcare Ltd                           | Fortis Healthcare Ltd                                   | CUSIP: 000000000<br>LEI: 3358001Q5ZJC4M83WH02 | Long             | EC               | CORP              | IN        |      5719 | NS      | $46376.74     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yangtze Power Co Ltd                      | China Yangtze Power Co Ltd                              | CUSIP: 000000000<br>LEI: 3003008VX8JFJXA6QP74 | Long             | EC               | CORP              | CN        |     25100 | NS      | $101838.09    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| TAV Havalimanlari Holding AS                    | TAV Havalimanlari Holding AS                            | CUSIP: 000000000<br>LEI: 789000PBM9TT5D88M597 | Long             | EC               | CORP              | TR        |     10137 | NS      | $60341.58     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp                      | Realtek Semiconductor Corp                              | CUSIP: 000000000<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |      9000 | NS      | $147951.58    | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Henan Shuanghui Investment & Development Co Ltd | Henan Shuanghui Investment & Development Co Ltd         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14100 | NS      | $48453.44     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| BOE Technology Group Co Ltd                     | BOE Technology Group Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    146300 | NS      | $77308.18     | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab National Bank                              | Arab National Bank                                      | CUSIP: 000000000<br>LEI: 213800CYWGYQVT1ZBQ57 | Long             | EC               | CORP              | SA        |     14903 | NS      | $85482.62     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk PT                      | Astra International Tbk PT                              | CUSIP: 000000000<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |    188900 | NS      | $54597.00     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                       | Alibaba Group Holding Ltd                               | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      7300 | NS      | $108989.19    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| CP AXTRA PCL                                    | CP AXTRA PCL                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |      8300 | NS      | $6265.93      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantech Co Ltd                                | Advantech Co Ltd                                        | CUSIP: 000000000<br>LEI: 2549002OSTKE9HB9IY03 | Long             | EC               | CORP              | TW        |     16000 | NS      | $167618.66    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                   | Al Rajhi Bank                                           | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |      5822 | NS      | $151243.60    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp                       | Korea Electric Power Corp                               | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |      1888 | NS      | $34050.16     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd       | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      4000 | NS      | $113338.20    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronet LNG Ltd                                | Petronet LNG Ltd                                        | CUSIP: 000000000<br>LEI: 335800KIIKNA7GRD9351 | Long             | EC               | CORP              | IN        |     31079 | NS      | $115384.33    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                         | Saudi National Bank/The                                 | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |      2207 | NS      | $21028.34     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                   | Credicorp Ltd                                           | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |       397 | NS      | $80269.43     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd       | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |       265 | NS      | $44172.85     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                       | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |     16464 | NS      | $16464.42     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                  | ICICI Bank Ltd                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      2487 | NS      | $83463.72     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                       | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    200953 | NS      | $200953.33    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Primax Electronics Ltd                          | Primax Electronics Ltd                                  | CUSIP: 000000000<br>LEI: 254900JO4CQFFG7AIQ15 | Long             | EC               | CORP              | TW        |     23000 | NS      | $53737.08     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd               | Hon Hai Precision Industry Co Ltd                       | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |      2000 | NS      | $8910.59      | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                            | Tencent Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      1800 | NS      | $110251.70    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Sulaiman Al Habib Medical Services Group Co  | Dr Sulaiman Al Habib Medical Services Group Co          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       852 | NS      | $65037.01     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Kangwon Land Inc                                | Kangwon Land Inc                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2203 | NS      | $25147.55     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Nahdi Medical Co                                | Nahdi Medical Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      5298 | NS      | $160453.43    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan High Speed Rail Corp                     | Taiwan High Speed Rail Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    190000 | NS      | $161302.84    | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Asia Cement Corp                                | Asia Cement Corp                                        | CUSIP: 000000000<br>LEI: 213800EFQXH43HMGJL59 | Long             | EC               | CORP              | TW        |     69000 | NS      | $97189.62     | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Telecommunications Group Co PJSC       | Emirates Telecommunications Group Co PJSC               | CUSIP: 000000000<br>LEI: 529900XDPQPWEQ9BGB80 | Long             | EC               | CORP              | AE        |     33863 | NS      | $160416.06    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KPJ Healthcare Bhd                              | KPJ Healthcare Bhd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    197000 | NS      | $131325.50    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Femsa SAB de CV                       | Coca-Cola Femsa SAB de CV                               | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |       300 | NS      | $28239.00     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp                    | China Construction Bank Corp                            | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |     94000 | NS      | $77214.22     | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer