# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001410368-26-031832
**Filing Date:** 2026-3
**Character Count:** 101271
**Document Hash:** d3d9dd3a8a976d8be3e033db5e424c95
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-031832.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001410368-26-031832

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**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:** 26796006

**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    |  |

## Nport-Ex

January 31, 2026

2026 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

---

| |
|:---|
| **BlackRock Funds**<sup>SM</sup> |
| • BlackRock Defensive Advantage Emerging Markets Fund |

---

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

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

January 31, 2026

**BlackRock Defensive Advantage Emerging Markets Fund** 

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

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

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Brazil — 1.5%** | **Brazil — 1.5%** |  |
| Raia Drogasil SA | 3944 | &nbsp;&nbsp; $18361 |
| Telefonica Brasil SA | 25404 | &nbsp;&nbsp; 180438 |
|  |  | &nbsp;&nbsp; 198799 |
| **Chile — 1.1%** | **Chile — 1.1%** |  |
| Banco de Chile, ADR | 3240 | &nbsp;&nbsp; 141361 |
| **China — 22.9%** | **China — 22.9%** |  |
| ACM Research Shanghai, Inc. | 699 | &nbsp;&nbsp; 18905 |
| Advanced Micro-Fabrication Equipment, Inc. China, Class A | 504 | &nbsp;&nbsp; 25083 |
| Agricultural Bank of China Ltd., Class H | 211000 | &nbsp;&nbsp; 147514 |
| Anjoy Foods Group Co. Ltd., Class H | 2200 | &nbsp;&nbsp; 21517 |
| Bank of China Ltd., Class H | 291000 | &nbsp;&nbsp; 173780 |
| Bank of Ningbo Co. Ltd., Class A | 9900 | &nbsp;&nbsp; 44020 |
| Baoshan Iron & Steel Co. Ltd., Class A | 60311 | &nbsp;&nbsp; 63011 |
| Beijing-Shanghai High Speed Railway Co. Ltd., Class A | 45100 | &nbsp;&nbsp; 31541 |
| BOE Technology Group Co. Ltd., Class A | 215600 | &nbsp;&nbsp; 135381 |
| China CITIC Bank Corp. Ltd., Class H | 10000 | &nbsp;&nbsp; 9314 |
| China Life Insurance Co. Ltd., Class A | 8800 | &nbsp;&nbsp; 62796 |
| China Life Insurance Co. Ltd., Class H | 2000 | &nbsp;&nbsp; 8901 |
| China Longyuan Power Group Corp. Ltd., Class H | 17000 | &nbsp;&nbsp; 15443 |
| China Petroleum & Chemical Corp., Class A | 30900 | &nbsp;&nbsp; 28917 |
| China Petroleum & Chemical Corp., Class H | 98000 | &nbsp;&nbsp; 67444 |
| China Resources Beer Holdings Co. Ltd. | 7000 | &nbsp;&nbsp; 23418 |
| China Yangtze Power Co. Ltd., Class A | 13100 | &nbsp;&nbsp; 49610 |
| Contemporary Amperex Technology Co. Ltd., Class A | 200 | &nbsp;&nbsp; 10074 |
| Contemporary Amperex Technology Co. Ltd., Class H | 400 | &nbsp;&nbsp; 24959 |
| ENN Energy Holdings Ltd. | 10000 | &nbsp;&nbsp; 86087 |
| Fuyao Glass Industry Group Co. Ltd., Class A | 4400 | &nbsp;&nbsp; 39015 |
| Guangdong Haid Group Co. Ltd., Class A | 1900 | &nbsp;&nbsp; 14061 |
| Guangdong Investment Ltd. | 68000 | &nbsp;&nbsp; 64290 |
| &nbsp;&nbsp;&nbsp; Henan Shuanghui Investment & Development Co. Ltd., <br> Class A<br>| 11600 | &nbsp;&nbsp; 42792 |
| Hengan International Group Co. Ltd. | 16500 | &nbsp;&nbsp; 59645 |
| Huadian Power International Corp. Ltd., Class H | 158000 | &nbsp;&nbsp; 83561 |
| Huaneng Power International, Inc., Class H | 12000 | &nbsp;&nbsp; 8749 |
| Industrial & Commercial Bank of China Ltd., Class A | 25700 | &nbsp;&nbsp; 26758 |
| Industrial & Commercial Bank of China Ltd., Class H | 143000 | &nbsp;&nbsp; 118618 |
| Inner Mongolia Yili Industrial Group Co. Ltd., Class A | 22500 | &nbsp;&nbsp; 85164 |
| InnoCare Pharma Ltd., Class H<sup>(a)(b)</sup> | 4000 | &nbsp;&nbsp; 6001 |
| Innovent Biologics, Inc.<sup>(a)(b)</sup> | 4500 | &nbsp;&nbsp; 46710 |
| Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A | 11911 | &nbsp;&nbsp; 99452 |
| Jinko Solar Co. Ltd., Class A<sup>(a)</sup> | 28783 | &nbsp;&nbsp; 26162 |
| Montage Technology Co. Ltd., Class A | 1042 | &nbsp;&nbsp; 27151 |
| NAURA Technology Group Co. Ltd., Class A | 1000 | &nbsp;&nbsp; 68162 |
| Nongfu Spring Co. Ltd., Class H<sup>(b)</sup> | 1000 | &nbsp;&nbsp; 6132 |
| PetroChina Co. Ltd., Class A | 49800 | &nbsp;&nbsp; 78950 |
| PetroChina Co. Ltd., Class H | 106000 | &nbsp;&nbsp; 125924 |
| PICC Property & Casualty Co. Ltd., Class H | 24000 | &nbsp;&nbsp; 49685 |
| Ping An Insurance Group Co. of China Ltd., Class A | 4200 | &nbsp;&nbsp; 40245 |
| Ping An Insurance Group Co. of China Ltd., Class H | 2500 | &nbsp;&nbsp; 23188 |
| Shanghai Allist Pharmaceuticals Co. Ltd., Class A | 675 | &nbsp;&nbsp; 9556 |
| Shanghai International Airport Co. Ltd., Class A | 3500 | &nbsp;&nbsp; 15479 |
| Shanghai United Imaging Healthcare Co. Ltd., Class A | 400 | &nbsp;&nbsp; 7426 |
| Shenzhen Goodix Technology Co. Ltd., Class A | 5700 | &nbsp;&nbsp; 66118 |
| Sino Biopharmaceutical Ltd. | 54000 | &nbsp;&nbsp; 45819 |
| TAL Education Group, ADR<sup>(a)</sup> | 548 | &nbsp;&nbsp; 6960 |
| Tencent Holdings Ltd. | 1800 | &nbsp;&nbsp; 138351 |
| Tingyi Cayman Islands Holding Corp. | 96000 | &nbsp;&nbsp; 145501 |
| Tsingtao Brewery Co. Ltd., Class H | 6000 | &nbsp;&nbsp; 37971 |
| Uni-President China Holdings Ltd. | 122000 | &nbsp;&nbsp; 123700 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **China (continued)** | **China (continued)** |  |
| Vipshop Holdings Ltd., ADR | 1992 | &nbsp;&nbsp; $34083 |
| Yadea Group Holdings Ltd.<sup>(b)</sup> | 14000 | &nbsp;&nbsp; 19781 |
| Yunnan Baiyao Group Co. Ltd., Class A | 5763 | &nbsp;&nbsp; 46044 |
| Zijin Mining Group Co. Ltd., Class A | 10200 | &nbsp;&nbsp; 56977 |
| Zijin Mining Group Co. Ltd., Class H | 6000 | &nbsp;&nbsp; 31284 |
|  |  | &nbsp;&nbsp; 2973180 |
| **Greece — 1.0%** | **Greece — 1.0%** |  |
| OPAP SA | 6215 | &nbsp;&nbsp; 125238 |
| **Hungary — 1.1%** | **Hungary — 1.1%** |  |
| OTP Bank Nyrt | 1148 | &nbsp;&nbsp; 144455 |
| **India — 16.0%** | **India — 16.0%** |  |
| Adani Ports & Special Economic Zone Ltd. | 550 | &nbsp;&nbsp; 8501 |
| Apollo Hospitals Enterprise Ltd. | 466 | &nbsp;&nbsp; 35290 |
| Asian Paints Ltd. | 1827 | &nbsp;&nbsp; 48244 |
| Bharat Petroleum Corp. Ltd. | 2283 | &nbsp;&nbsp; 9051 |
| Bharti Airtel Ltd. | 7757 | &nbsp;&nbsp; 166364 |
| Bosch Ltd., Class A | 33 | &nbsp;&nbsp; 13118 |
| Britannia Industries Ltd. | 802 | &nbsp;&nbsp; 51095 |
| Chennai Petroleum Corp. Ltd. | 448 | &nbsp;&nbsp; 4223 |
| City Union Bank Ltd. | 6455 | &nbsp;&nbsp; 21194 |
| Dalmia Bharat Ltd. | 540 | &nbsp;&nbsp; 12158 |
| Dr. Lal PathLabs Ltd.<sup>(b)</sup> | 2516 | &nbsp;&nbsp; 38594 |
| Eicher Motors Ltd. | 257 | &nbsp;&nbsp; 19918 |
| Fortis Healthcare Ltd. | 1459 | &nbsp;&nbsp; 13523 |
| GE Vernova T&D India Ltd. | 604 | &nbsp;&nbsp; 21210 |
| GMR Airports Ltd.<sup>(a)</sup> | 28577 | &nbsp;&nbsp; 29194 |
| HCL Technologies Ltd. | 7207 | &nbsp;&nbsp; 132988 |
| HDFC Bank Ltd. | 5726 | &nbsp;&nbsp; 57897 |
| Hero MotoCorp Ltd. | 159 | &nbsp;&nbsp; 9577 |
| Hindustan Unilever Ltd. | 1499 | &nbsp;&nbsp; 38701 |
| ICICI Bank Ltd. | 1210 | &nbsp;&nbsp; 17839 |
| ICICI Bank Ltd., ADR | 1495 | &nbsp;&nbsp; 43789 |
| Indian Oil Corp. Ltd. | 11984 | &nbsp;&nbsp; 21283 |
| Infosys Ltd. | 5344 | &nbsp;&nbsp; 95584 |
| Infosys Ltd., ADR<sup>(c)</sup> | 4212 | &nbsp;&nbsp; 74047 |
| Kotak Mahindra Bank Ltd. | 1130 | &nbsp;&nbsp; 5015 |
| Kwality Walls India Ltd. | 1499 | &nbsp;&nbsp; 655 |
| Larsen & Toubro Ltd. | 1505 | &nbsp;&nbsp; 64395 |
| LTIMindtree Ltd.<sup>(b)</sup> | 1478 | &nbsp;&nbsp; 96085 |
| Lupin Ltd. | 3665 | &nbsp;&nbsp; 85886 |
| Marico Ltd. | 10897 | &nbsp;&nbsp; 86628 |
| Maruti Suzuki India Ltd. | 342 | &nbsp;&nbsp; 54333 |
| Mphasis Ltd. | 992 | &nbsp;&nbsp; 29834 |
| Nestle India Ltd. | 464 | &nbsp;&nbsp; 6739 |
| Persistent Systems Ltd. | 604 | &nbsp;&nbsp; 39715 |
| Petronet LNG Ltd. | 2357 | &nbsp;&nbsp; 7434 |
| Radico Khaitan Ltd. | 606 | &nbsp;&nbsp; 18637 |
| Shree Cement Ltd. | 173 | &nbsp;&nbsp; 50822 |
| Siemens Energy India Ltd. | 834 | &nbsp;&nbsp; 22592 |
| Sun Pharmaceutical Industries Ltd. | 3722 | &nbsp;&nbsp; 64590 |
| Tata Consultancy Services Ltd. | 4214 | &nbsp;&nbsp; 143310 |
| Tech Mahindra Ltd. | 5961 | &nbsp;&nbsp; 113104 |
| Titan Co. Ltd. | 394 | &nbsp;&nbsp; 17048 |
| Torrent Pharmaceuticals Ltd. | 1452 | &nbsp;&nbsp; 62569 |
| TVS Motor Co. Ltd. | 939 | &nbsp;&nbsp; 37587 |
| United Spirits Ltd. | 1385 | &nbsp;&nbsp; 20516 |
| Wipro Ltd. | 22318 | &nbsp;&nbsp; 57585 |
| Wipro Ltd., ADR | 4847 | &nbsp;&nbsp; 12214 |
|  |  | &nbsp;&nbsp; 2080675 |

---

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**BlackRock Defensive Advantage Emerging Markets Fund** 

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Indonesia — 0.1%** | **Indonesia — 0.1%** |  |
| Bank Central Asia Tbk PT | 30500 | &nbsp;&nbsp; $13476 |
| **Kuwait — 2.6%** | **Kuwait — 2.6%** |  |
| Kuwait Finance House KSCP | 17879 | &nbsp;&nbsp; 47041 |
| Mobile Telecommunications Co. KSCP | 94607 | &nbsp;&nbsp; 157114 |
| National Bank of Kuwait SAKP | 41905 | &nbsp;&nbsp; 129837 |
|  |  | &nbsp;&nbsp; 333992 |
| **Malaysia — 5.7%** | **Malaysia — 5.7%** |  |
| 99 Speed Mart Retail Holdings Bhd. | 133300 | &nbsp;&nbsp; 135242 |
| Malayan Banking Bhd. | 67800 | &nbsp;&nbsp; 202917 |
| Maxis Bhd. | 61900 | &nbsp;&nbsp; 60072 |
| MISC Bhd. | 82600 | &nbsp;&nbsp; 167547 |
| Sunway Construction Group Bhd. | 5700 | &nbsp;&nbsp; 8560 |
| Tenaga Nasional Bhd. | 45800 | &nbsp;&nbsp; 162045 |
|  |  | &nbsp;&nbsp; 736383 |
| **Mexico — 1.1%** | **Mexico — 1.1%** |  |
| America Movil SAB de CV, Series B | 56563 | &nbsp;&nbsp; 58291 |
| Gruma SAB de CV, Class B | 4791 | &nbsp;&nbsp; 86272 |
|  |  | &nbsp;&nbsp; 144563 |
| **Monaco — 0.0%** | **Monaco — 0.0%** |  |
| Costamare, Inc. | 342 | &nbsp;&nbsp; 5739 |
| **Peru — 2.1%** | **Peru — 2.1%** |  |
| Credicorp Ltd. | 485 | &nbsp;&nbsp; 173062 |
| Intercorp Financial Services, Inc. | 2158 | &nbsp;&nbsp; 105699 |
|  |  | &nbsp;&nbsp; 278761 |
| **Philippines — 1.7%** | **Philippines — 1.7%** |  |
| International Container Terminal Services, Inc. | 17450 | &nbsp;&nbsp; 191129 |
| Jollibee Foods Corp. | 6810 | &nbsp;&nbsp; 23701 |
|  |  | &nbsp;&nbsp; 214830 |
| **Poland — 0.2%** | **Poland — 0.2%** |  |
| Zabka Group SA<sup>(a)</sup> | 4285 | &nbsp;&nbsp; 26049 |
| **Qatar — 2.6%** | **Qatar — 2.6%** |  |
| Ooredoo QPSC | 48623 | &nbsp;&nbsp; 189452 |
| Qatar International Islamic Bank QSC | 16337 | &nbsp;&nbsp; 51217 |
| Qatar National Bank QPSC | 18117 | &nbsp;&nbsp; 98615 |
|  |  | &nbsp;&nbsp; 339284 |
| **Russia — 0.0%** | **Russia — 0.0%** |  |
| Alrosa PJSC<sup>(a)(d)</sup> | 37207 | &nbsp;&nbsp; 5 |
| **Saudi Arabia — 8.0%** | **Saudi Arabia — 8.0%** |  |
| Al Rajhi Bank | 5895 | &nbsp;&nbsp; 168339 |
| Bank AlBilad | 906 | &nbsp;&nbsp; 6415 |
| Etihad Etisalat Co. | 10131 | &nbsp;&nbsp; 190646 |
| Jarir Marketing Co. | 48006 | &nbsp;&nbsp; 182630 |
| Mobile Telecommunications Co. Saudi Arabia | 45700 | &nbsp;&nbsp; 134835 |
| Mouwasat Medical Services Co. | 6718 | &nbsp;&nbsp; 124697 |
| Saudi Arabian Oil Co.<sup>(b)</sup> | 16579 | &nbsp;&nbsp; 113968 |
| Saudi National Bank | 9966 | &nbsp;&nbsp; 119198 |
|  |  | &nbsp;&nbsp; 1040728 |
| **South Africa — 0.4%** | **South Africa — 0.4%** |  |
| Capitec Bank Holdings Ltd. | 51 | &nbsp;&nbsp; 13693 |
| Tiger Brands Ltd. | 1909 | &nbsp;&nbsp; 39689 |
|  |  | &nbsp;&nbsp; 53382 |
| **South Korea — 7.7%** | **South Korea — 7.7%** |  |
| Celltrion, Inc. | 173 | &nbsp;&nbsp; 25178 |
| GS Holdings Corp. | 375 | &nbsp;&nbsp; 17862 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **South Korea (continued)** | **South Korea (continued)** |  |
| HD Hyundai Heavy Industries Co. Ltd. | 17 | &nbsp;&nbsp; $6767 |
| HD Korea Shipbuilding and Offshore Engineering Co. Ltd. | 151 | &nbsp;&nbsp; 43251 |
| Hyundai Rotem Co. Ltd. | 86 | &nbsp;&nbsp; 13751 |
| Korea Electric Power Corp. | 1120 | &nbsp;&nbsp; 45173 |
| KT Corp., ADR | 2461 | &nbsp;&nbsp; 51484 |
| KT&G Corp. | 646 | &nbsp;&nbsp; 69070 |
| LG Innotek Co. Ltd. | 597 | &nbsp;&nbsp; 101371 |
| Samsung Biologics Co. Ltd.<sup>(a)(b)</sup> | 29 | &nbsp;&nbsp; 35047 |
| Samsung E&A Co. Ltd. | 4519 | &nbsp;&nbsp; 96193 |
| Samsung Electro-Mechanics Co. Ltd. | 66 | &nbsp;&nbsp; 12693 |
| Samsung Electronics Co. Ltd. | 1829 | &nbsp;&nbsp; 202058 |
| Samsung Electronics Co. Ltd., GDR, Registered Shares | 4 | &nbsp;&nbsp; 11012 |
| SK Hynix, Inc. | 318 | &nbsp;&nbsp; 198552 |
| SK Telecom Co. Ltd. | 1423 | &nbsp;&nbsp; 71713 |
|  |  | &nbsp;&nbsp; 1001175 |
| **Taiwan — 12.5%** | **Taiwan — 12.5%** |  |
| Arcadyan Technology Corp. | 21000 | &nbsp;&nbsp; 119261 |
| Chroma ATE, Inc. | 1000 | &nbsp;&nbsp; 30706 |
| Chunghwa Telecom Co. Ltd. | 40000 | &nbsp;&nbsp; 169618 |
| Chunghwa Telecom Co. Ltd., ADR | 266 | &nbsp;&nbsp; 11300 |
| Delta Electronics, Inc. | 5000 | &nbsp;&nbsp; 190811 |
| E.Sun Financial Holding Co. Ltd. | 110620 | &nbsp;&nbsp; 117139 |
| Far EasTone Telecommunications Co. Ltd. | 63000 | &nbsp;&nbsp; 177227 |
| First Financial Holding Co. Ltd. | 115000 | &nbsp;&nbsp; 104985 |
| Formosa Petrochemical Corp. | 57000 | &nbsp;&nbsp; 96847 |
| Genius Electronic Optical Co. Ltd. | 2000 | &nbsp;&nbsp; 28621 |
| Hon Hai Precision Industry Co. Ltd. | 12000 | &nbsp;&nbsp; 82949 |
| Nanya Technology Corp.<sup>(a)</sup> | 6000 | &nbsp;&nbsp; 60736 |
| Taiwan Cooperative Financial Holding Co. Ltd. | 25000 | &nbsp;&nbsp; 18684 |
| Taiwan High Speed Rail Corp. | 92000 | &nbsp;&nbsp; 79840 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 3000 | &nbsp;&nbsp; 165888 |
| Tripod Technology Corp. | 2000 | &nbsp;&nbsp; 23571 |
| United Integrated Services Co. Ltd. | 1000 | &nbsp;&nbsp; 28516 |
| United Microelectronics Corp. | 44000 | &nbsp;&nbsp; 87549 |
| Winbond Electronics Corp.<sup>(a)</sup> | 6000 | &nbsp;&nbsp; 23726 |
|  |  | &nbsp;&nbsp; 1617974 |
| **Thailand — 1.5%** | **Thailand — 1.5%** |  |
| Advanced Info Service PCL, NVDR | 11600 | &nbsp;&nbsp; 128649 |
| SCB X PCL, NVDR | 14400 | &nbsp;&nbsp; 61989 |
|  |  | &nbsp;&nbsp; 190638 |
| **Turkey — 1.6%** | **Turkey — 1.6%** |  |
| Migros Ticaret A/S, Class A | 3313 | &nbsp;&nbsp; 48526 |
| Turk Telekomunikasyon A/S<sup>(a)</sup> | 69783 | &nbsp;&nbsp; 106304 |
| Turkcell Iletisim Hizmetleri A/S, Class A | 7844 | &nbsp;&nbsp; 21140 |
| Turkiye Petrol Rafinerileri A/S, Class A | 5724 | &nbsp;&nbsp; 32255 |
|  |  | &nbsp;&nbsp; 208225 |
| **United Arab Emirates — 5.5%** | **United Arab Emirates — 5.5%** |  |
| Abu Dhabi Commercial Bank PJSC | 21120 | &nbsp;&nbsp; 87604 |
| Abu Dhabi Islamic Bank PJSC | 12512 | &nbsp;&nbsp; 82981 |
| Abu Dhabi National Oil Co. for Distribution PJSC | 162065 | &nbsp;&nbsp; 180930 |
| Dubai Electricity & Water Authority PJSC | 224210 | &nbsp;&nbsp; 184449 |
| Emirates Telecommunications Group Co. PJSC | 11553 | &nbsp;&nbsp; 61973 |
| First Abu Dhabi Bank PJSC | 22597 | &nbsp;&nbsp; 114446 |
|  |  | &nbsp;&nbsp; 712383 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**BlackRock Defensive Advantage Emerging Markets Fund** 

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **United States — 0.2%** | **United States — 0.2%** |  |
| BeOne Medicines Ltd., Class H<sup>(a)</sup> | 1100 | &nbsp;&nbsp; $29010 |
| **Total Long-Term Investments — 97.1%** <br>**(Cost: $11,242,351)** | **Total Long-Term Investments — 97.1%** <br>**(Cost: $11,242,351)** | &nbsp;&nbsp; 12610305 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 3.6%** | **Money Market Funds — 3.6%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency Shares, <br> 3.82%<sup>(e)(f)(g)</sup><br>| 77088 | &nbsp;&nbsp; 77126 |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional Shares, <br> 3.57%<sup>(e)(f)</sup><br>| 382231 | &nbsp;&nbsp; 382231 |
| **Total Short-Term Securities — 3.6%** <br>**(Cost: $459,357)** | **Total Short-Term Securities — 3.6%** <br>**(Cost: $459,357)** | &nbsp;&nbsp; 459357 |
| **Total Investments — 100.7%** <br>**(Cost: $11,701,708)** | **Total Investments — 100.7%** <br>**(Cost: $11,701,708)** | &nbsp;&nbsp; 13069662 |
| **Liabilities in Excess of Other Assets — (0.7)%** | **Liabilities in Excess of Other Assets — (0.7)%** | &nbsp;&nbsp; (84763)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $12984899 |

---

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

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

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

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

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

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

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

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

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*04/30/25*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*01/31/26*<br>| *Shares* <br>*Held at* <br>*01/31/26*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL Agency Shares | $63897<br> $13229 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $— | $77126 | 77088 | $4060 <br><sup>(b)</sup><br>| &nbsp;&nbsp; $— |
| BlackRock Liquidity Funds, T-Fund, Institutional Shares | 217418<br> 164813 <br><sup>(a)</sup><br>| &nbsp;&nbsp; — |  |  | 382231 | 382231 | 8304 | &nbsp;&nbsp; — |
|  |  |  | $— | $— | $459357 |  | $12364 | &nbsp;&nbsp; $— |

---

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

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

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

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

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp;&nbsp; *Notional* <br>*Amount (000)*<br>| &nbsp;&nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>&nbsp;&nbsp;&nbsp;&nbsp;*(Depreciation)*<br>|
| Long Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; MSCI Emerging Markets Index | &nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 03/20/26 | &nbsp;&nbsp;&nbsp;&nbsp; $228 | &nbsp;&nbsp;&nbsp;&nbsp; $8602 |

---

**Fair Value Hierarchy as of Period End**

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

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

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

------

Schedule of Investments (unaudited)(continued)

January 31, 2026

**BlackRock Defensive Advantage Emerging Markets Fund** 

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp; $198799 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $198799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile | &nbsp;&nbsp; 141361 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 141361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp; 148734 | &nbsp;&nbsp;&nbsp;&nbsp; 2824446 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2973180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greece | &nbsp;&nbsp; 125238 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 125238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hungary | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 144455 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 144455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp; 222871 | &nbsp;&nbsp;&nbsp;&nbsp; 1857804 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2080675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13476 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 13476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kuwait | &nbsp;&nbsp; 204155 | &nbsp;&nbsp;&nbsp;&nbsp; 129837 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 333992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malaysia | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 736383 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 736383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico | &nbsp;&nbsp; 144563 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 144563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Monaco | &nbsp;&nbsp; 5739 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peru | &nbsp;&nbsp; 278761 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 278761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philippines | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 214830 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 214830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Poland | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26049 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 26049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qatar | &nbsp;&nbsp; 189452 | &nbsp;&nbsp;&nbsp;&nbsp; 149832 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 339284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Russia | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | &nbsp;&nbsp; 119198 | &nbsp;&nbsp;&nbsp;&nbsp; 921530 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1040728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 53382 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 53382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp; 120554 | &nbsp;&nbsp;&nbsp;&nbsp; 880621 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1001175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp; 11300 | &nbsp;&nbsp;&nbsp;&nbsp; 1606674 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1617974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thailand | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 190638 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 190638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 208225 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 208225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates | &nbsp;&nbsp; 357349 | &nbsp;&nbsp;&nbsp;&nbsp; 355034 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 712383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29010 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 29010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 459357 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 459357 |
|  | &nbsp;&nbsp; $2727431 | &nbsp;&nbsp;&nbsp;&nbsp; $10342226 | &nbsp;&nbsp;&nbsp;&nbsp; $5 | &nbsp;&nbsp;&nbsp;&nbsp; $13069662 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $8602 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $8602 |

---

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

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

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| MSCI | Morgan Stanley Capital International |
| NVDR | Non-Voting Depositary Receipt |
| PCL | Public Company Limited |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation (continued)** | **Portfolio Abbreviation (continued)** |
| PJSC | Public Joint Stock Company |
| SAB | Special Assessment Bonds |

---

Schedule of Investments

------

## 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:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $13255939.60

**Total Liabilities:** $270831.36

**Net Assets:** $12985108.24

**Cash Not Reported:** $16969.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223506 | -0.44%               | 2.00%                | 5.65%                |
| Class ID C000223507 | -0.44%               | 2.04%                | 5.65%                |
| Class ID C000223508 | -0.53%               | 2.02%                | 5.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $116922.89               | $-173134.02                                |
| Month 2  | $4154.77                 | $223649.58                                 |
| Month 3  | $140981.45               | $527263.91                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Banco de Chile                                      | Banco de Chile                                          | CUSIP: 059520106<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |      3240 | NS      | $141361.20    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd                             | Chunghwa Telecom Co Ltd                                 | CUSIP: 17133Q502<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |       266 | NS      | $11299.68     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gruma SAB de CV                                     | Gruma SAB de CV                                         | CUSIP: 000000000<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |      4791 | NS      | $86271.45     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                      | ICICI Bank Ltd                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      1495 | NS      | $43788.55     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                         | Infosys Ltd                                             | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      4212 | NS      | $74046.96     | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| KT Corp                                             | KT Corp                                                 | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |      2461 | NS      | $51484.12     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                          | Samsung Electronics Co Ltd                              | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |         4 | NS      | $11011.68     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                         | Abu Dhabi Islamic Bank PJSC                             | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |     12512 | NS      | $82981.39     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaneng Power International Inc                     | Huaneng Power International Inc                         | CUSIP: 000000000<br>LEI: 529900WU0SMVKMPG4V21 | Long             | EC               | CORP              | CN        |     12000 | NS      | $8749.24      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp Ltd                           | Bharat Petroleum Corp Ltd                               | CUSIP: 000000000<br>LEI: 8GRDBX1TJ0PU5NCSHT72 | Long             | EC               | CORP              | IN        |      2283 | NS      | $9051.06      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Shree Cement Ltd                                    | Shree Cement Ltd                                        | CUSIP: 000000000<br>LEI: 335800W6FNBDUZ89L830 | Long             | EC               | CORP              | IN        |       173 | NS      | $50821.58     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| United Integrated Services Co Ltd                   | United Integrated Services Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1000 | NS      | $28516.16     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Chennai Petroleum Corp Ltd                          | Chennai Petroleum Corp Ltd                              | CUSIP: 000000000<br>LEI: 335800VZV5PBKV784666 | Long             | EC               | CORP              | IN        |       448 | NS      | $4223.33      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hengan International Group Co Ltd                   | Hengan International Group Co Ltd                       | CUSIP: 000000000<br>LEI: 836800BJ50PZSWGXZA86 | Long             | EC               | CORP              | KY        |     16500 | NS      | $59644.57     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan Co Ltd                                        | Titan Co Ltd                                            | CUSIP: 000000000<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |       394 | NS      | $17048.48     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| GE Vernova T&D India Ltd                            | GE Vernova T&D India Ltd                                | CUSIP: 000000000<br>LEI: 549300NMRD6VZDFLN355 | Long             | EC               | CORP              | IN        |       604 | NS      | $21210.50     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Huadian Power International Corp Ltd                | Huadian Power International Corp Ltd                    | CUSIP: 000000000<br>LEI: 529900207FCOKWBDRE79 | Long             | EC               | CORP              | CN        |    158000 | NS      | $83560.89     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Lupin Ltd                                           | Lupin Ltd                                               | CUSIP: 000000000<br>LEI: 335800HHXTESDEE2FC65 | Long             | EC               | CORP              | IN        |      3665 | NS      | $85885.79     | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar National Bank QPSC                            | Qatar National Bank QPSC                                | CUSIP: 000000000<br>LEI: 549300FFSRVBS0SQXY75 | Long             | EC               | CORP              | QA        |     18117 | NS      | $98615.10     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Mphasis Ltd                                         | Mphasis Ltd                                             | CUSIP: 000000000<br>LEI: 335800NSYTIQLQKUYP62 | Long             | EC               | CORP              | IN        |       992 | NS      | $29834.16     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo QPSC                                        | Ooredoo QPSC                                            | CUSIP: 000000000<br>LEI: 549300D3EIDZJB62TR20 | Long             | EC               | CORP              | QA        |     48623 | NS      | $189451.52    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KT&G Corp                                           | KT&G Corp                                               | CUSIP: 000000000<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |       646 | NS      | $69070.03     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                         | Infosys Ltd                                             | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      5344 | NS      | $95584.28     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Wipro Ltd                                           | Wipro Ltd                                               | CUSIP: 000000000<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |     22318 | NS      | $57584.72     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                      | Chroma ATE Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1000 | NS      | $30706.39     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co Ltd                                   | SK Telecom Co Ltd                                       | CUSIP: 000000000<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |      1423 | NS      | $71713.45     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co Ltd                                   | PetroChina Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |    106000 | NS      | $125923.65    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Oil Corp Ltd                                 | Indian Oil Corp Ltd                                     | CUSIP: 000000000<br>LEI: 335800J8OBWE4VFUDG88 | Long             | EC               | CORP              | IN        |     11984 | NS      | $21282.67     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                               | Delta Electronics Inc                                   | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |      5000 | NS      | $190811.57    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd                              | Hindustan Unilever Ltd                                  | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |      1499 | NS      | $38700.54     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                     | Apollo Hospitals Enterprise Ltd                         | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |       466 | NS      | $35289.80     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanya Technology Corp                               | Nanya Technology Corp                                   | CUSIP: 000000000<br>LEI: 254900STKVKJBRRO0835 | Long             | EC               | CORP              | TW        |      6000 | NS      | $60736.41     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Chunghwa Telecom Co Ltd                             | Chunghwa Telecom Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     40000 | NS      | $169617.71    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp                     | China Petroleum & Chemical Corp                         | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |     98000 | NS      | $67444.07     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| HCL Technologies Ltd                                | HCL Technologies Ltd                                    | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |      7207 | NS      | $132987.94    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tripod Technology Corp                              | Tripod Technology Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2000 | NS      | $23570.63     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| City Union Bank Ltd                                 | City Union Bank Ltd                                     | CUSIP: 000000000<br>LEI: 33580024M7FWA847JI64 | Long             | EC               | CORP              | IN        |      6455 | NS      | $21193.93     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Telecommunications Group Co PJSC           | Emirates Telecommunications Group Co PJSC               | CUSIP: 000000000<br>LEI: 529900XDPQPWEQ9BGB80 | Long             | EC               | CORP              | AE        |     11553 | NS      | $61972.53     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Hero MotoCorp Ltd                                   | Hero MotoCorp Ltd                                       | CUSIP: 000000000<br>LEI: 335800Q49FBMZJTRLK49 | Long             | EC               | CORP              | IN        |       159 | NS      | $9576.93      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                             | ENN Energy Holdings Ltd                                 | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | KY        |     10000 | NS      | $86087.41     | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                           | Advanced Info Service PCL                               | CUSIP: 000000000<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               | CORP              | TH        |     11600 | NS      | $128648.67    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Far EasTone Telecommunications Co Ltd               | Far EasTone Telecommunications Co Ltd                   | CUSIP: 000000000<br>LEI: 529900L7W7BWDLVZL253 | Long             | EC               | CORP              | TW        |     63000 | NS      | $177226.57    | 1.36%             |  |  |  | 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        |    110620 | NS      | $117139.27    | 0.90%             |  |  |  | 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        |     12000 | NS      | $82949.03     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Capitec Bank Holdings Ltd                           | Capitec Bank Holdings Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |        51 | NS      | $13693.17     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                                   | Bharti Airtel Ltd                                       | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |      7757 | NS      | $166364.05    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd | HD Korea Shipbuilding & Offshore Engineering Co Ltd     | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |       151 | NS      | $43251.48     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                        | SK hynix Inc                                            | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |       318 | NS      | $198551.90    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc       | International Container Terminal Services Inc           | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |     17450 | NS      | $191128.83    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Jollibee Foods Corp                                 | Jollibee Foods Corp                                     | CUSIP: 000000000<br>LEI: 2138009XN3KTAAKUPR35 | Long             | EC               | CORP              | PH        |      6810 | NS      | $23701.45     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp                           | Korea Electric Power Corp                               | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |      1120 | NS      | $45173.05     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuwait Finance House KSCP                           | Kuwait Finance House KSCP                               | CUSIP: 000000000<br>LEI: 2549007KX0N057S9BC98 | Long             | EC               | CORP              | KW        |     17879 | NS      | $47040.80     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                      | Abu Dhabi Commercial Bank PJSC                          | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | EC               | CORP              | AE        |     21120 | NS      | $87603.58     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Malayan Banking Bhd                                 | Malayan Banking Bhd                                     | CUSIP: 000000000<br>LEI: 5493004OT3TOY404V310 | Long             | EC               | CORP              | MY        |     67800 | NS      | $202917.09    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| MISC Bhd                                            | MISC Bhd                                                | CUSIP: 000000000<br>LEI: 9845002055U77FF6B972 | Long             | EC               | CORP              | MY        |     82600 | NS      | $167547.00    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar International Islamic Bank QSC                | Qatar International Islamic Bank QSC                    | CUSIP: 000000000<br>LEI: 2549007SZGKT5N5ND952 | Long             | EC               | CORP              | QA        |     16337 | NS      | $51216.94     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| First Financial Holding Co Ltd                      | First Financial Holding Co Ltd                          | CUSIP: 000000000<br>LEI: 529900BC1U046Q2GUZ64 | Long             | EC               | CORP              | TW        |    115000 | NS      | $104985.56    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd                   | Sun Pharmaceutical Industries Ltd                       | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |      3722 | NS      | $64589.79     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile Telecommunications Co KSCP                   | Mobile Telecommunications Co KSCP                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     94607 | NS      | $157113.55    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First Abu Dhabi Bank PJSC                           | First Abu Dhabi Bank PJSC                               | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |     22597 | NS      | $114446.34    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruti Suzuki India Ltd                             | Maruti Suzuki India Ltd                                 | CUSIP: 000000000<br>LEI: 335800D27PBEESKKD357 | Long             | EC               | CORP              | IN        |       342 | NS      | $54332.93     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co Ltd                     | PICC Property & Casualty Co Ltd                         | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |     24000 | NS      | $49684.71     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Petrochemical Corp                          | Formosa Petrochemical Corp                              | CUSIP: 000000000<br>LEI: 529900UWWAOQ8470E792 | Long             | EC               | CORP              | TW        |     57000 | NS      | $96846.91     | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co Ltd                         | China Life Insurance Co Ltd                             | CUSIP: 000000000<br>LEI: 549300J6TFLDXGH6S048 | Long             | EC               | CORP              | CN        |      2000 | NS      | $8900.47      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd                           | Zijin Mining Group Co Ltd                               | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |      6000 | NS      | $31284.13     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| TVS Motor Co Ltd                                    | TVS Motor Co Ltd                                        | CUSIP: 000000000<br>LEI: 335800URVL13UQEWM152 | Long             | EC               | CORP              | IN        |       939 | NS      | $37587.51     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung E&A Co Ltd                                  | Samsung E&A Co Ltd                                      | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |      4519 | NS      | $96192.79     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electro-Mechanics Co Ltd                    | Samsung Electro-Mechanics Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        66 | NS      | $12693.03     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                          | Samsung Electronics Co Ltd                              | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      1829 | NS      | $202058.25    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd           | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      3000 | NS      | $165887.71    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Kuwait SAKP                        | National Bank of Kuwait SAKP                            | CUSIP: 000000000<br>LEI: 549300NB7FE83IH6BW96 | Long             | EC               | CORP              | KW        |     41905 | NS      | $129837.54    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tingyi Cayman Islands Holding Corp                  | Tingyi Cayman Islands Holding Corp                      | CUSIP: 000000000<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | KY        |     96000 | NS      | $145500.48    | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaga Nasional Bhd                                 | Tenaga Nasional Bhd                                     | CUSIP: 000000000<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | CORP              | MY        |     45800 | NS      | $162045.65    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsingtao Brewery Co Ltd                             | Tsingtao Brewery Co Ltd                                 | CUSIP: 000000000<br>LEI: 300300OJ7D0Q1ESE8L15 | Long             | EC               | CORP              | CN        |      6000 | NS      | $37971.01     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangdong Investment Ltd                            | Guangdong Investment Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     68000 | NS      | $64289.81     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp                        | United Microelectronics Corp                            | CUSIP: 000000000<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     44000 | NS      | $87549.13     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Winbond Electronics Corp                            | Winbond Electronics Corp                                | CUSIP: 000000000<br>LEI: 254900STBMBTLA91J410 | Long             | EC               | CORP              | TW        |      6000 | NS      | $23726.05     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Beer Holdings Co Ltd                | China Resources Beer Holdings Co Ltd                    | CUSIP: 000000000<br>LEI: 254900OH02Y7OS7RNG48 | Long             | EC               | CORP              | HK        |      7000 | NS      | $23417.94     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                             | OPAP SA                                                 | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |      6215 | NS      | $125238.11    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt                                       | OTP Bank Nyrt                                           | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |      1148 | NS      | $144455.09    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| TAL Education Group                                 | TAL Education Group                                     | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | KY        |       548 | NS      | $6959.60      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vipshop Holdings Ltd                                | Vipshop Holdings Ltd                                    | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | KY        |      1992 | NS      | $34083.12     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                           | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    357109 | NS      | $357109.19    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                           | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |     25122 | NS      | $25121.50     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III                                 | BlackRock Cash Funds: Institutional, SL Agency Shares   | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |     77088 | NS      | $77126.50     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Wipro Ltd                                           | Wipro Ltd                                               | CUSIP: 97651M109<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |      4847 | NS      | $12214.44     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunway Construction Group Bhd                       | Sunway Construction Group Bhd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      5700 | NS      | $8559.85      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Cooperative Financial Holding Co Ltd         | Taiwan Cooperative Financial Holding Co Ltd             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     25000 | NS      | $18683.64     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Alrosa PJSC                                         | Alrosa PJSC                                             | CUSIP: 000000000<br>LEI: 894500DKUWVBYZLLE651 | Long             | EC               | CORP              | RU        |     37207 | NS      | $4.90         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Asian Paints Ltd                                    | Asian Paints Ltd                                        | CUSIP: 000000000<br>LEI: 335800HEHXGYRUNERD75 | Long             | EC               | CORP              | IN        |      1827 | NS      | $48244.33     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co Ltd                            | Samsung Biologics Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        29 | NS      | $35046.76     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| United Spirits Ltd                                  | United Spirits Ltd                                      | CUSIP: 000000000<br>LEI: 3358004YFWQVX2EZDE82 | Long             | EC               | CORP              | IN        |      1385 | NS      | $20515.84     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Britannia Industries Ltd                            | Britannia Industries Ltd                                | CUSIP: 000000000<br>LEI: 335800RRN5EVHNNAXN80 | Long             | EC               | CORP              | IN        |       802 | NS      | $51095.21     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Eicher Motors Ltd                                   | Eicher Motors Ltd                                       | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |       257 | NS      | $19917.78     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Heavy Industries Co Ltd                  | HD Hyundai Heavy Industries Co Ltd                      | CUSIP: 000000000<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |        17 | NS      | $6766.51      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Electricity & Water Authority PJSC            | Dubai Electricity & Water Authority PJSC                | CUSIP: 000000000<br>LEI: 213800K4OJF8DKATLT41 | Long             | EC               | CORP              | AE        |    224210 | NS      | $184448.85    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                             | America Movil SAB de CV                                 | CUSIP: 000000000<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     56563 | NS      | $58291.35     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle India Ltd                                    | Nestle India Ltd                                        | CUSIP: 000000000<br>LEI: 3358008SYYY9CPWH5D94 | Long             | EC               | CORP              | IN        |       464 | NS      | $6738.74      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| 99 Speed Mart Retail Holdings Bhd                   | 99 Speed Mart Retail Holdings Bhd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    133300 | NS      | $135241.81    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy India Ltd                            | Siemens Energy India Ltd                                | CUSIP: 000000000<br>LEI: 335800AEZO3CVXCSA716 | Long             | EC               | CORP              | IN        |       834 | NS      | $22592.31     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd              | Contemporary Amperex Technology Co Ltd                  | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |       400 | NS      | $24959.00     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| KWALITY WALL S INDIA LTD                            | KWALITY WALL S INDIA LTD                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      1499 | NS      | $655.09       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd                             | Kotak Mahindra Bank Ltd                                 | CUSIP: 000000000<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |      1130 | NS      | $5014.97      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                              | MSCI EMGMKT MAR26                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |         3 | NC      | $8601.99      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronet LNG Ltd                                    | Petronet LNG Ltd                                        | CUSIP: 000000000<br>LEI: 335800KIIKNA7GRD9351 | Long             | EC               | CORP              | IN        |      2357 | NS      | $7433.65      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Biopharmaceutical Ltd                          | Sino Biopharmaceutical Ltd                              | CUSIP: 000000000<br>LEI: 529900LPR4ADFEJAR786 | Long             | EC               | CORP              | KY        |     54000 | NS      | $45819.31     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd                                 | Larsen & Toubro Ltd                                     | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |      1505 | NS      | $64394.91     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                            | Bank Central Asia Tbk PT                                | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |     30500 | NS      | $13476.41     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd             | Ping An Insurance Group Co of China Ltd                 | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |      2500 | NS      | $23188.37     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bosch Ltd                                           | Bosch Ltd                                               | CUSIP: 000000000<br>LEI: 3358008TVK7S8BSVVW82 | Long             | EC               | CORP              | IN        |        33 | NS      | $13117.92     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                       | Tata Consultancy Services Ltd                           | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |      4214 | NS      | $143310.00    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Holdings Corp                                    | GS Holdings Corp                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       375 | NS      | $17861.55     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkcell Iletisim Hizmetleri AS                     | Turkcell Iletisim Hizmetleri AS                         | CUSIP: 000000000<br>LEI: 7890003EX1LTLS2FFL84 | Long             | EC               | CORP              | TR        |      7844 | NS      | $21140.37     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Petrol Rafinerileri AS                      | Turkiye Petrol Rafinerileri AS                          | CUSIP: 000000000<br>LEI: 789000RCNG97UV50EE03 | Long             | EC               | CORP              | TR        |      5724 | NS      | $32255.19     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan High Speed Rail Corp                         | Taiwan High Speed Rail Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     92000 | NS      | $79839.74     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Genius Electronic Optical Co Ltd                    | Genius Electronic Optical Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2000 | NS      | $28621.01     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Celltrion Inc                                       | Celltrion Inc                                           | CUSIP: 000000000<br>LEI: 988400JFZG785WJX3D68 | Long             | EC               | CORP              | KR        |       173 | NS      | $25177.72     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tiger Brands Ltd                                    | Tiger Brands Ltd                                        | CUSIP: 000000000<br>LEI: 529900C57HAFZAHHBC90 | Long             | EC               | CORP              | ZA        |      1909 | NS      | $39688.59     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Radico Khaitan Ltd                                  | Radico Khaitan Ltd                                      | CUSIP: 000000000<br>LEI: 335800P7T5DW332M7E19 | Long             | EC               | CORP              | IN        |       606 | NS      | $18637.34     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Torrent Pharmaceuticals Ltd                         | Torrent Pharmaceuticals Ltd                             | CUSIP: 000000000<br>LEI: 335800NA6HK275RIJE13 | Long             | EC               | CORP              | IN        |      1452 | NS      | $62569.08     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Co                                  | Jarir Marketing Co                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     48006 | NS      | $182630.30    | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Etihad Etisalat Co                                  | Etihad Etisalat Co                                      | CUSIP: 000000000<br>LEI: 2549007BA9ABDE3HVK79 | Long             | EC               | CORP              | SA        |     10131 | NS      | $190646.23    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                       | Al Rajhi Bank                                           | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |      5895 | NS      | $168339.35    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank AlBilad                                        | Bank AlBilad                                            | CUSIP: 000000000<br>LEI: 558600YCBMF3KW9QH647 | Long             | EC               | CORP              | SA        |       906 | NS      | $6415.01      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd                                   | Bank of China Ltd                                       | CUSIP: 000000000<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |    291000 | NS      | $173780.32    | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| GMR Airports Ltd                                    | GMR Airports Ltd                                        | CUSIP: 000000000<br>LEI: 3358008S2MTRWZ255P70 | Long             | EC               | CORP              | IN        |     28577 | NS      | $29193.94     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd           | Industrial & Commercial Bank of China Ltd               | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | EC               | CORP              | CN        |    143000 | NS      | $118617.99    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Marico Ltd                                          | Marico Ltd                                              | CUSIP: 000000000<br>LEI: 3358003SFDQFGJPC5O84 | Long             | EC               | CORP              | IN        |     10897 | NS      | $86627.76     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| China CITIC Bank Corp Ltd                           | China CITIC Bank Corp Ltd                               | CUSIP: 000000000<br>LEI: 300300C1030211000384 | Long             | EC               | CORP              | CN        |     10000 | NS      | $9313.92      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortis Healthcare Ltd                               | Fortis Healthcare Ltd                                   | CUSIP: 000000000<br>LEI: 3358001Q5ZJC4M83WH02 | Long             | EC               | CORP              | IN        |      1459 | NS      | $13523.30     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadyan Technology Corp                            | Arcadyan Technology Corp                                | CUSIP: 000000000<br>LEI: 254900R5W61G3GO1Q067 | Long             | EC               | CORP              | TW        |     21000 | NS      | $119261.01    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Adani Ports & Special Economic Zone Ltd             | Adani Ports & Special Economic Zone Ltd                 | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | EC               | CORP              | IN        |       550 | NS      | $8500.75      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President China Holdings Ltd                    | Uni-President China Holdings Ltd                        | CUSIP: 000000000<br>LEI: 529900JUA05094TOKA73 | Long             | EC               | CORP              | KY        |    122000 | NS      | $123699.55    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile Telecommunications Co Saudi Arabia           | Mobile Telecommunications Co Saudi Arabia               | CUSIP: 000000000<br>LEI: 254900XHCET9KD2D4R78 | Long             | EC               | CORP              | SA        |     45700 | NS      | $134834.54    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Turk Telekomunikasyon AS                            | Turk Telekomunikasyon AS                                | CUSIP: 000000000<br>LEI: 789000A2TXOI10JZLF90 | Long             | EC               | CORP              | TR        |     69783 | NS      | $106304.12    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Innotek Co Ltd                                   | LG Innotek Co Ltd                                       | CUSIP: 000000000<br>LEI: 988400KTHH2LMUX7EB48 | Long             | EC               | CORP              | KR        |       597 | NS      | $101371.48    | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Mouwasat Medical Services Co                        | Mouwasat Medical Services Co                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      6718 | NS      | $124696.97    | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| China Longyuan Power Group Corp Ltd                 | China Longyuan Power Group Corp Ltd                     | CUSIP: 000000000<br>LEI: 5299008UYLF3O6V9T464 | Long             | EC               | CORP              | CN        |     17000 | NS      | $15443.34     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Migros Ticaret AS                                   | Migros Ticaret AS                                       | CUSIP: 000000000<br>LEI: 789000L1JHPL1R9B2J15 | Long             | EC               | CORP              | TR        |      3313 | NS      | $48525.61     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Maxis Bhd                                           | Maxis Bhd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     61900 | NS      | $60071.72     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd                      | Agricultural Bank of China Ltd                          | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |    211000 | NS      | $147513.64    | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Brasil SA                                | Telefonica Brasil SA                                    | CUSIP: 000000000<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |     25404 | NS      | $180438.27    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                    | Raia Drogasil SA                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      3944 | NS      | $18360.74     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Haid Group Co Ltd                         | Guangdong Haid Group Co Ltd                             | CUSIP: 000000000<br>LEI: 300300Y7LIHH4R4TWD50 | Long             | EC               | CORP              | CN        |      1900 | NS      | $14060.53     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ningbo Co Ltd                               | Bank of Ningbo Co Ltd                                   | CUSIP: 000000000<br>LEI: 300300C1092133000091 | Long             | EC               | CORP              | CN        |      9900 | NS      | $44020.23     | 0.34%             |  |  |  | No            |                  1 | 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        |     11600 | NS      | $42791.61     | 0.33%             |  |  |  | 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        |      5763 | NS      | $46043.60     | 0.35%             |  |  |  | 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        |    215600 | NS      | $135380.90    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co Ltd                       | NAURA Technology Group Co Ltd                           | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |      1000 | NS      | $68162.33     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| LTIMindtree Ltd                                     | LTIMindtree Ltd                                         | CUSIP: 000000000<br>LEI: 335800DY1I1WFHVV6T22 | Long             | EC               | CORP              | IN        |      1478 | NS      | $96085.11     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Dalmia Bharat Ltd                                   | Dalmia Bharat Ltd                                       | CUSIP: 000000000<br>LEI: 335800Q2I12HTQ7ETZ32 | Long             | EC               | CORP              | IN        |       540 | NS      | $12158.12     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Rotem Co Ltd                                | Hyundai Rotem Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        86 | NS      | $13751.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Innovent Biologics Inc                              | Innovent Biologics Inc                                  | CUSIP: 000000000<br>LEI: 25490058ONL9SCIE1R22 | Long             | EC               | CORP              | KY        |      4500 | NS      | $46710.34     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd              | Contemporary Amperex Technology Co Ltd                  | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |       200 | NS      | $10073.94     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co                                | Saudi Arabian Oil Co                                    | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | EC               | CORP              | SA        |     16579 | NS      | $113967.76    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                       | HDFC Bank Ltd                                           | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      5726 | NS      | $57897.13     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro-Fabrication Equipment Inc China      | Advanced Micro-Fabrication Equipment Inc China          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       504 | NS      | $25083.38     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Technology Co Ltd                           | Montage Technology Co Ltd                               | CUSIP: 000000000<br>LEI: 836800ZMWT5PAN574D81 | Long             | EC               | CORP              | CN        |      1042 | NS      | $27150.95     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| InnoCare Pharma Ltd                                 | InnoCare Pharma Ltd                                     | CUSIP: 000000000<br>LEI: 3003001NYJPPWIEOJT79 | Long             | EC               | CORP              | KY        |      4000 | NS      | $6001.07      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing-Shanghai High Speed Railway Co Ltd          | Beijing-Shanghai High Speed Railway Co Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     45100 | NS      | $31540.72     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Persistent Systems Ltd                              | Persistent Systems Ltd                                  | CUSIP: 000000000<br>LEI: 3358006QYD77Z66S1J89 | Long             | EC               | CORP              | IN        |       604 | NS      | $39714.68     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ACM Research Shanghai Inc                           | ACM Research Shanghai Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       699 | NS      | $18905.16     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Nongfu Spring Co Ltd                                | Nongfu Spring Co Ltd                                    | CUSIP: 000000000<br>LEI: 300300P08GGT4SKR9G93 | Long             | EC               | CORP              | CN        |      1000 | NS      | $6132.36      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                | Tencent Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      1800 | NS      | $138351.24    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai United Imaging Healthcare Co Ltd           | Shanghai United Imaging Healthcare Co Ltd               | CUSIP: 000000000<br>LEI: 300300YFLW1ZZPRAZ467 | Long             | EC               | CORP              | CN        |       400 | NS      | $7426.32      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Jinko Solar Co Ltd                                  | Jinko Solar Co Ltd                                      | CUSIP: 000000000<br>LEI: 300300RHCPJNG9KTKT10 | Long             | EC               | CORP              | CN        |     28783 | NS      | $26161.62     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Allist Pharmaceuticals Co Ltd              | Shanghai Allist Pharmaceuticals Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       675 | NS      | $9556.11      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co Ltd                                   | PetroChina Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |     49800 | NS      | $78949.81     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd           | Industrial & Commercial Bank of China Ltd               | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | EC               | CORP              | CN        |     25700 | NS      | $26758.41     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp                     | China Petroleum & Chemical Corp                         | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |     30900 | NS      | $28916.51     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co Ltd                         | China Life Insurance Co Ltd                             | CUSIP: 000000000<br>LEI: 549300J6TFLDXGH6S048 | Long             | EC               | CORP              | CN        |      8800 | NS      | $62796.23     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd             | Ping An Insurance Group Co of China Ltd                 | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |      4200 | NS      | $40245.17     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yangtze Power Co Ltd                          | China Yangtze Power Co Ltd                              | CUSIP: 000000000<br>LEI: 3003008VX8JFJXA6QP74 | Long             | EC               | CORP              | CN        |     13100 | NS      | $49610.45     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co Ltd         | Inner Mongolia Yili Industrial Group Co Ltd             | CUSIP: 000000000<br>LEI: 3003002Q2A863JPQFH06 | Long             | EC               | CORP              | CN        |     22500 | NS      | $85164.40     | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co Ltd                         | Baoshan Iron & Steel Co Ltd                             | CUSIP: 000000000<br>LEI: 300300PYAP4PEHORZT21 | Long             | EC               | CORP              | CN        |     60311 | NS      | $63010.92     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd              | Jiangsu Hengrui Pharmaceuticals Co Ltd                  | CUSIP: 000000000<br>LEI: 2549003BT1XS3SE3E448 | Long             | EC               | CORP              | CN        |     11911 | NS      | $99451.93     | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd                           | Zijin Mining Group Co Ltd                               | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |     10200 | NS      | $56977.29     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai International Airport Co Ltd               | Shanghai International Airport Co Ltd                   | CUSIP: 000000000<br>LEI: 3003000CIJ7O6AOQF345 | Long             | EC               | CORP              | CN        |      3500 | NS      | $15478.87     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuyao Glass Industry Group Co Ltd                   | Fuyao Glass Industry Group Co Ltd                       | CUSIP: 000000000<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |      4400 | NS      | $39015.23     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| SCB X PCL                                           | SCB X PCL                                               | CUSIP: 000000000<br>LEI: 254900TG41KIWX7VDO42 | Long             | EC               | CORP              | TH        |     14400 | NS      | $61989.06     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Zabka Group SA                                      | Zabka Group SA                                          | CUSIP: 000000000<br>LEI: 549300TU2RZ35E4ET914 | Long             | EC               | CORP              | LU        |      4285 | NS      | $26048.77     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                             | Saudi National Bank/The                                 | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |      9966 | NS      | $119197.69    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                      | ICICI Bank Ltd                                          | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      1210 | NS      | $17838.57     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BeOne Medicines Ltd                                 | BeOne Medicines Ltd                                     | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |      1100 | NS      | $29010.22     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Anjoy Foods Group Co Ltd                            | Anjoy Foods Group Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2200 | NS      | $21517.17     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Tech Mahindra Ltd                                   | Tech Mahindra Ltd                                       | CUSIP: 000000000<br>LEI: 3358005FZUZ1I25XQH69 | Long             | EC               | CORP              | IN        |      5961 | NS      | $113104.16    | 0.87%             |  |  |  | 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        |    162065 | NS      | $180930.29    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Goodix Technology Co Ltd                   | Shenzhen Goodix Technology Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5700 | NS      | $66117.76     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Lal PathLabs Ltd                                 | Dr Lal PathLabs Ltd                                     | CUSIP: 000000000<br>LEI: 984500E8E9CY102B9718 | Long             | EC               | CORP              | IN        |      2516 | NS      | $38594.52     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Yadea Group Holdings Ltd                            | Yadea Group Holdings Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     14000 | NS      | $19780.78     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                       | Credicorp Ltd                                           | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |       485 | NS      | $173062.55    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercorp Financial Services Inc                    | Intercorp Financial Services Inc                        | CUSIP: 000000000<br>LEI: 5299004181WFTEWB1398 | Long             | EC               | CORP              | PA        |      2158 | NS      | $105698.84    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Costamare Inc                                       | Costamare Inc                                           | CUSIP: 000000000<br>LEI: 5299003L6NPTZ25LN818 | Long             | EC               | CORP              | MH        |       342 | NS      | $5738.76      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer