# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0002071691-25-009448
**Filing Date:** 2025-12
**Character Count:** 38145
**Document Hash:** fa2c840d9ae7ff00bf370ab615fe2115
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009448.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009448

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05742
- **FILM NUMBER:** 251595387

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

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

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $15187794.91

**Total Liabilities:** $175924.38

**Net Assets:** $15011870.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240569 | 2.02%                | 5.43%                | 6.25%                |
| Class ID C000240570 | 2.01%                | 5.51%                | 6.31%                |
| Class ID C000240571 | 2.10%                | 5.42%                | 6.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19561.00                | $242099.93                                 |
| Month 2  | $59679.84                | $652197.93                                 |
| Month 3  | $113941.29               | $734172.02                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                    | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CG Power & Industrial Solutions Ltd.                    | CG Power & Industrial Solutions Ltd.                    | CUSIP: N/A<br>LEI: 335800KN5UTZKUZN2703       | Long             | EC               | CORP              | IN        |      8819 | NS      | $73119.22     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd.                                                | Sea Ltd., Class A                                       | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       393 | NS      | $61406.25     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank (The)                               | Saudi National Bank (The)                               | CUSIP: N/A<br>LEI: 5586006ZEFQ542K7CY16       | Long             | EC               | CORP              | SA        |      6617 | NS      | $70408.57     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Malayan Banking Bhd.                                    | Malayan Banking Bhd.                                    | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |     63700 | NS      | $150127.11    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV          | Grupo Aeroportuario del Centro Norte SAB de CV          | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |      7039 | NS      | $86740.52     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KEC International Ltd.                                  | KEC International Ltd.                                  | CUSIP: N/A<br>LEI: 335800UCWKGDJBU7ZT31       | Long             | EC               | CORP              | IN        |     16499 | NS      | $151787.64    | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Varun Beverages Ltd.                                    | Varun Beverages Ltd.                                    | CUSIP: N/A<br>LEI: 33580058NWEMWBDNMD48       | Long             | EC               | CORP              | IN        |     21918 | NS      | $115823.30    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | Cyrela Brazil Realty SA Empreendimentos e Participacoes | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     38372 | NS      | $217324.48    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | FPT Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     20720 | NS      | $7474.95      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | FPT Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |      6680 | NS      | $2409.90      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd.                              | Capitec Bank Holdings Ltd.                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |       616 | NS      | $136288.48    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Becle SAB de CV                                         | Becle SAB de CV                                         | CUSIP: N/A<br>LEI: 529900JY55CZKMJLCE09       | Long             | EC               | CORP              | MX        |     49734 | NS      | $60954.50     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Garanti Bankasi A/S                             | Turkiye Garanti Bankasi A/S                             | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |     29458 | NS      | $94086.30     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Rupiah                                                  | Rupiah                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ID        |        -1 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| XP, Inc.                                                | XP, Inc., Class A                                       | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |     20600 | NS      | $375332.00    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                    | Fomento Economico Mexicano SAB de CV                    | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               | CORP              | MX        |      3972 | NS      | $37469.80     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lodha Developers Ltd.                                   | Lodha Developers Ltd.                                   | CUSIP: N/A<br>LEI: 254900B5QCN52ETNU557       | Long             | EC               | CORP              | IN        |      3782 | NS      | $51088.25     | 0.34%             |  |  |  | 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        |     49000 | NS      | $2369624.60   | 15.79%            |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                               | Kia Corp.                                               | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      1995 | NS      | $167337.85    | 1.11%             |  |  |  | No            |                  2 | 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      |
| 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      |
| N/A                                                     | ICICI Bank Ltd.                                         | CUSIP: 45104G104<br>LEI: N/A                  | N/A              | DE               |  | US        |      2802 | NS      | $-1232.88     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                   | Emaar Properties PJSC                                   | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |     22458 | NS      | $86904.47     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Akbank TAS                                              | Akbank TAS                                              | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |     79185 | NS      | $114334.13    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                              | Bank Polska Kasa Opieki SA                              | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |      2864 | NS      | $146641.91    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA                        | Powszechny Zaklad Ubezpieczen SA                        | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |     11648 | NS      | $186241.87    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                    | Fomento Economico Mexicano SAB de CV                    | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |       413 | NS      | $38970.68     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Life Insurance Co. Ltd.                            | HDFC Life Insurance Co. Ltd.                            | CUSIP: N/A<br>LEI: 335800RQI8GAFHIRGZ37       | Long             | EC               | CORP              | IN        |     27915 | NS      | $229931.96    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Axis Bank Ltd.                                          | CUSIP: 05462W109<br>LEI: N/A                  | N/A              | DE               |  | GB        |       451 | NS      | $1207.34      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk. PT                               | Bank Central Asia Tbk. PT                               | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |    288800 | NS      | $147863.30    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                          | HDFC Bank Ltd.                                          | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |     27726 | NS      | $308281.21    | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                            | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |        44 | NS      | $82118.71     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansol Chemical Co. Ltd.                                | Hansol Chemical Co. Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       635 | NS      | $103191.08    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                            | Wal-Mart de Mexico SAB de CV                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     32130 | NS      | $106220.88    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava plc                                              | Endava plc                                              | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |      9371 | NS      | $86869.17     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Bank SA                                           | Alpha Bank SA                                           | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |     17665 | NS      | $69250.53     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D'Or Sao Luiz SA                                   | Rede D'Or Sao Luiz SA                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     28331 | NS      | $227387.35    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Krungthai Card PCL                                      | Krungthai Card PCL                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    125200 | NS      | $110405.88    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Rabigh Refining & Petrochemical Co.                     | Rabigh Refining & Petrochemical Co.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |      5123 | NS      | $12265.73     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Emaar Properties PJSC                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      7499 | NS      | $1149.87      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk. PT                   | Bank Rakyat Indonesia Persero Tbk. PT                   | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |    447600 | NS      | $107074.99    | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Pepkor Holdings Ltd.                                    | Pepkor Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 3789006D677C34F69875       | Long             | EC               | CORP              | ZA        |     29981 | NS      | $45712.65     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd.                                  | Godrej Properties Ltd.                                  | CUSIP: N/A<br>LEI: 335800KM3Y5NZWXOE183       | Long             | EC               | CORP              | IN        |      5337 | NS      | $137417.58    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp.                                      | Kinross Gold Corp.                                      | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |      9514 | NS      | $221105.36    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co. Ltd.                                    | Samsung SDI Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |       259 | NS      | $58358.27     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                           | Al Rajhi Bank                                           | CUSIP: N/A<br>LEI: 558600BQZS4Y1DTU8589       | Long             | EC               | CORP              | SA        |      4760 | NS      | $134537.24    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co. Ltd.                                 | Elite Material Co. Ltd.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      4000 | NS      | $175742.81    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                          | MediaTek, Inc.                                          | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |      5000 | NS      | $212047.26    | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Lodha Developers Ltd.                                   | Lodha Developers Ltd.                                   | CUSIP: N/A<br>LEI: 254900B5QCN52ETNU557       | Long             | EC               | CORP              | IN        |      3850 | NS      | $52006.82     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| New Taiwan Dollar                                       | New Taiwan Dollar                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |   2540935 | OU      | $82656.21     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt.                                          | OTP Bank Nyrt.                                          | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      2845 | NS      | $271570.69    | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                        | Apollo Hospitals Enterprise Ltd.                        | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |      3276 | NS      | $283510.78    | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| LPP SA                                                  | LPP SA                                                  | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752       | Long             | EC               | CORP              | PL        |        44 | NS      | $213584.10    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                                 | Accton Technology Corp.                                 | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |      9000 | NS      | $312990.39    | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| President Chain Store Corp.                             | President Chain Store Corp.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     11000 | NS      | $85183.81     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Azzas 2154 SA                                           | Azzas 2154 SA                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     11721 | NS      | $62570.68     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                                | Reliance Industries Ltd.                                | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |     13196 | NS      | $220806.66    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Square Co. Ltd.                                      | SK Square Co. Ltd.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1591 | NS      | $288791.53    | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      2742 | NS      | $83082.60     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BBB Foods, Inc.                                         | BBB Foods, Inc., Class A                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |      2495 | NS      | $68163.40     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Rupee                                            | Indian Rupee                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |     10000 | OU      | $112.65       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp.                                        | ERO Copper Corp.                                        | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |      8385 | NS      | $179052.97    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Electric Co. Ltd.                            | HD Hyundai Electric Co. Ltd.                            | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |       253 | NS      | $153709.25    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd.                                   | UltraTech Cement Ltd.                                   | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |      1217 | NS      | $163650.61    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Brazilian Real                                          | Brazilian Real                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | BR        |         0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Forint                                                  | Forint                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HU        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                               | BlackRock Liquidity Funds, T-Fund, Institutional Class  | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |    936655 | NS      | $936655.44    | 6.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix, Inc.                                          | SK hynix, Inc.                                          | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      1387 | NS      | $539672.69    | 3.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanil Electric Co. Ltd.                                 | Sanil Electric Co. Ltd.                                 | CUSIP: N/A<br>LEI: 988400KW0ZAP6QNYIX16       | Long             | EC               | CORP              | KR        |       364 | NS      | $39838.70     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Ez Tec Empreendimentos e Participacoes S/A              | Ez Tec Empreendimentos e Participacoes S/A              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     62540 | NS      | $215055.90    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Amber Enterprises India Ltd.                            | Amber Enterprises India Ltd.                            | CUSIP: N/A<br>LEI: 3358009JZU4XT3666G06       | Long             | EC               | CORP              | IN        |      1061 | NS      | $95945.71     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp.                                            | Wiwynn Corp.                                            | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |      3000 | NS      | $423058.89    | 2.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang, Inc.                                           | Coupang, Inc., Class A                                  | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |      5412 | NS      | $173021.64    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Americana Restaurants International plc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |    112221 | NS      | $5699.47      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                | Mahindra & Mahindra Ltd.                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |      2270 | NS      | $90119.00     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Americana Restaurants International plc                 | Americana Restaurants International plc                 | CUSIP: N/A<br>LEI: 549300EYHRPEZ6UVAM64       | Long             | EC               | CORP              | AE        |     71509 | NS      | $42333.75     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                         | ICICI Bank Ltd.                                         | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |      8597 | NS      | $130267.21    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                         | Lojas Renner SA                                         | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |     88037 | NS      | $242185.82    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Won                                                     | Won                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | KR        |       -34 | OU      | $-0.02        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd.                                          | Axis Bank Ltd.                                          | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |       881 | NS      | $60328.25     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                       | BDO Unibank, Inc.                                       | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |     46200 | NS      | $104803.74    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd. (Preference)               | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EP               | CORP              | KR        |      2745 | NS      | $161996.07    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                                      | Bharti Airtel Ltd.                                      | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      6870 | NS      | $159083.01    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Zloty                                                   | Zloty                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PL        |     11761 | OU      | $3184.73      | 0.02%             |  |  |  | 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        |      1875 | NS      | $17646.41     | 0.12%             |  |  |  | No            |                  1 | 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      |
| Vishal Mega Mart Ltd.                                   | Vishal Mega Mart Ltd.                                   | CUSIP: N/A<br>LEI: 335800AL4QPSIFSU3936       | Long             | EC               | CORP              | IN        |     31831 | NS      | $51812.77     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp.                               | Pan American Silver Corp.                               | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      6611 | NS      | $232773.31    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Alchip Technologies Ltd.                                | Alchip Technologies Ltd.                                | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | KY        |      3000 | NS      | $337976.80    | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMB Group Holdings Bhd.                                | CIMB Group Holdings Bhd.                                | CUSIP: N/A<br>LEI: 549300FYDN5UD7USZW18       | Long             | EC               | CORP              | MY        |     84100 | NS      | $146359.52    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Zabka Group SA                                          | Zabka Group SA                                          | CUSIP: N/A<br>LEI: 549300TU2RZ35E4ET914       | Long             | EC               | CORP              | LU        |      4668 | NS      | $27119.99     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotes Co. Ltd.                                          | Lotes Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1000 | NS      | $44585.73     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                            | Samsung Electronics Co. Ltd.                            | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      5913 | NS      | $445108.29    | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                                | Mahindra & Mahindra Ltd.                                | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |      7160 | NS      | $281159.46    | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp.                                     | Eldorado Gold Corp.                                     | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |      4964 | NS      | $127276.96    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer