# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001752724-23-071870
**Filing Date:** 2023-3
**Character Count:** 112808
**Document Hash:** 6b53057423e706c8802af88f3a9401bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-071870.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-071870

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS
- **CENTRAL INDEX KEY:** 0000844779
- **IRS NUMBER:** 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:** 23773993

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

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

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

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

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

## Series and Classes Contracts Data

### BlackRock Advantage Emerging Markets Fund (Series ID: S000033603)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000103256 | Investor A Shares    |  |
| C000103257 | Investor C Shares    |  |
| C000103258 | Institutional Shares |  |
| C000198231 | Class K              |  |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) <br> January 31, 2023 | **BlackRock Advantage Emerging Markets Fund**<br> **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
|  **Common Stocks** |  |  |
|  **Australia — 0.4%** |  |  |
|  BHP Group Ltd. | 10276 | $359301 |
|  **Brazil — 5.6%** |  |  |
|  Ambev SA | 287693 | 774164 |
|  Ambev SA, ADR | 76049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202290 |
|  Cia de Saneamento de Minas Gerais-COPASA | 97326 | 280687 |
|  Cogna Educacao<sup>(a)</sup>  | 174247 | 81695 |
|  Fleury SA | 194490 | 593091 |
|  Gerdau SA, ADR | 41522 | 269893 |
|  Itau Unibanco Holding SA, ADR | 60703 | 302301 |
|  Light SA | 254285 | 190853 |
|  Petroleo Brasileiro SA, ADR | 42185 | 435349 |
|  Qualicorp Consultoria e Corretora de Seguros SA | 22722 | 28244 |
|  Sao Martinho SA | 26697 | 131531 |
|  StoneCo Ltd., Class A<sup>(a)</sup>  | 30137 | 336329 |
|  Telefonica Brasil SA | 7450 | 61375 |
|  Ultrapar Participacoes SA | 81576 | 211963 |
|  Vale SA | 45803 | 852755 |
|  WEG SA | 17378 | 130909 |
|  |  | 4883429 |
| **China — 33.1%** |  |  |
|  3SBio, Inc.<sup>(b)</sup>  | 295500 | 321865 |
|  Agricultural Bank of China Ltd., Class H | 97000 | 34913 |
|  Alibaba Group Holding Ltd.<sup>(a)</sup>  | 237720 | 3268331 |
|  Aluminum Corp. of China Ltd., Class H | 48000 | 25651 |
|  Autohome, Inc., ADR | 1109 | 38660 |
|  Avary Holding Shenzhen Co. Ltd., Class A | 76814 | 329121 |
|  BAIC Motor Corp. Ltd., Class H<sup>(b)</sup>  | 626500 | 192310 |
|  Baidu, Inc., Class A<sup>(a)</sup>  | 62442 | 1049652 |
|  Bank of China Ltd., Class H | 494000 | 188048 |
|  Bank of Communications Co. Ltd., Class H | 96000 | 59337 |
|  Bilibili, Inc., Class Z<sup>(a)</sup>  | 2160 | 53907 |
|  BYD Co. Ltd., Class A | 21500 | 918626 |
|  BYD Co. Ltd., Class H | 9500 | 300842 |
|  China Construction Bank Corp., Class H | 1134000 | 734028 |
|  China Hongqiao Group Ltd. | 140000 | 162837 |
|  China International Capital Corp. Ltd., Class A | 47800 | 283725 |
|  China Merchants Bank Co. Ltd., Class H | 172000 | 1115614 |
|  China Oilfield Services Ltd., Class H | 20000 | 24241 |
|  China Pacific Insurance Group Co. Ltd., Class H | 245800 | 675819 |
|  China Petroleum & Chemical Corp., Class H | 857000 | 462754 |
|  China Resources Pharmaceutical Group Ltd.<sup>(b)</sup>  | 256000 | 192831 |
|  China Yongda Automobiles Services Holdings Ltd. | 325500 | 281498 |
|  CITIC Ltd. | 31000 | 36275 |
|  CMOC Group Ltd., Class H | 102000 | 58797 |
|  Contemporary Amperex Technology Co. Ltd., Class A | 13600 | 943637 |
|  CSPC Pharmaceutical Group Ltd. | 388000 | 442399 |
|  ENN Energy Holdings Ltd. | 15200 | 229014 |
|  Fufeng Group Ltd. | 199000 | 139650 |
|  Ganfeng Lithium Group Co. Ltd., Class A | 24300 | 285849 |
|  Geely Automobile Holdings Ltd. | 438000 | 710567 |
|  Great Wall Motor Co. Ltd., Class H | 68500 | 96719 |
|  Haier Smart Home Co. Ltd., Class A | 6866 | 26247 |
|  Haitong Securities Co. Ltd., Class H | 48400 | 33388 |
|  Hengan International Group Co. Ltd. | 15500 | 76250 |
|  Industrial & Commercial Bank of China Ltd., Class H | 665000 | 355721 |
|  InnoCare Pharma Ltd.<sup>(a)(b)</sup>  | 16000 | 27753 |
|  JD.com, Inc., Class A | 25910 | 769355 |
|  Kunlun Energy Co. Ltd. | 162000 | 127762 |
|  Kweichow Moutai Co. Ltd., Class A | 800 | 219398 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
|  **China (continued)** |  |  |
|  Lens Technology Co. Ltd., Class A | 28400 | $56101 |
|  LONGi Green Energy Technology Co. Ltd., Class A | 121800 | 873360 |
|  Meituan, Class B<sup>(a)(b)</sup>  | 20680 | 462319 |
|  MMG Ltd.<sup>(a)</sup>  | 840000 | 272312 |
|  NetEase, Inc. | 53870 | 955768 |
|  New China Life Insurance Co. Ltd., Class H | 12400 | 33256 |
|  New Oriental Education & Technology Group, Inc.<sup>(a)</sup>  | 18900 | 80227 |
|  People's Insurance Co. Group of China Ltd., Class H | 464000 | 156426 |
|  PetroChina Co. Ltd., Class H | 1415700 | 757329 |
|  Pinduoduo, Inc., ADR<sup>(a)</sup>  | 6282 | 615510 |
|  Ping An Insurance Group Co. of China Ltd., Class H | 153000 | 1188458 |
|  Postal Savings Bank of China Co. Ltd., Class H<sup>(b)</sup>  | 47000 | 31984 |
|  RiseSun Real Estate Development Co. Ltd., Class A<sup>(a)</sup>  | 1 |  |
|  Shanghai Pharmaceuticals Holding Co. Ltd., Class H | 279700 | 493166 |
|  Shanghai Putailai New Energy Technology Co. Ltd., Class A | 3500 | 28747 |
|  Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A | 9500 | 410023 |
|  Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | 15900 | 786320 |
|  Sinopharm Group Co. Ltd., Class H | 9600 | 23529 |
|  Sunac China Holdings Ltd.<sup>(a)(c)</sup>  | 254000 | 52113 |
|  TAL Education Group, ADR<sup>(a)</sup>  | 5588 | 40848 |
|  Tencent Holdings Ltd. | 91900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4478187 |
|  Tencent Music Entertainment Group, ADR<sup>(a)</sup>  | 12110 | 101603 |
|  Tongwei Co. Ltd., Class A | 47900 | 300538 |
|  Trip.com Group Ltd.<sup>(a)</sup>  | 5850 | 215195 |
|  Trip.com Group Ltd., ADR<sup>(a)(d)</sup>  | 6547 | 240668 |
|  Vipshop Holdings Ltd., ADR<sup>(a)</sup>  | 4824 | 74627 |
|  WuXi AppTec Co. Ltd., Class H<sup>(b)</sup>  | 9280 | 120585 |
|  Wuxi Biologics Cayman, Inc.<sup>(a)(b)</sup>  | 30500 | 254687 |
|  Zijin Mining Group Co. Ltd., Class H | 48000 | 79394 |
|  Zoomlion Heavy Industry Science & Technology Co. Ltd., Class H | 155000 | 86224 |
|  ZTE Corp., Class H | 100600 | 242952 |
|  |  | 28805847 |
| **Greece — 0.5%** |  |  |
|  Hellenic Telecommunications Organization SA | 18143 | 286011 |
|  OPAP SA | 11276 | 169316 |
|  |  | 455327 |
| **Hong Kong — 0.8%** |  |  |
|  Bosideng International Holdings Ltd. | 60000 | 33437 |
|  China Resources Beer Holdings Co. Ltd. | 16000 | 120452 |
|  China Youzan Ltd.<sup>(a)</sup>  | 5264000 | 175827 |
|  Shougang Fushan Resources Group Ltd. | 684000 | 247760 |
|  Sun Art Retail Group Ltd. | 381000 | 153879 |
|  |  | 731355 |
| **India — 10.1%** |  |  |
|  Amara Raja Batteries Ltd. | 11100 | 77058 |
|  Asian Paints Ltd. | 9886 | 330138 |
|  Coromandel International Ltd. | 37814 | 414618 |
|  Cummins India Ltd. | 4717 | 83029 |
|  Dalmia Bharat Ltd. | 3502 | 75748 |
|  Dr Reddy's Laboratories Ltd. | 995 | 52769 |
|  HCL Technologies Ltd. | 15376 | 212029 |
|  HDFC Bank Ltd. | 19622 | 386134 |
|  HDFC Bank Ltd., ADR<sup>(d)</sup>  | 3240 | 218246 |
|  Hindustan Zinc Ltd. | 62791 | 256216 |
|  ICICI Bank Ltd. | 108489 | 1109969 |
|  ICICI Bank Ltd., ADR | 24475 | 509814 |
|  Infosys Ltd. | 58586 | 1103484 |
|  Infosys Ltd., ADR | 26052 | 489778 |

---

------

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock Advantage Emerging Markets Fund**<br> **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
|  **India (continued)** |  |  |
|  ITC Ltd. | 51510 | $222298 |
|  Kotak Mahindra Bank Ltd. | 21563 | 457810 |
|  Life Insurance Corp. of India | 7737 | 61905 |
|  Nestle India Ltd. | 825 | 191936 |
|  Oil India Ltd. | 47328 | 134569 |
|  Reliance Industries Ltd. | 19663 | 567226 |
|  Sun Pharmaceutical Industries Ltd. | 22447 | 284211 |
|  Tata Consultancy Services Ltd. | 24906 | 1027962 |
|  Varun Beverages Ltd. | 23159 | 325254 |
|  Voltas Ltd. | 14003 | 137756 |
|  Zydus Lifesciences Ltd. | 9096 | 48007 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8777964 |
| **Indonesia — 3.6%** |  |  |
|  AKR Corporindo Tbk PT | 1259000 | 110357 |
|  Bank Central Asia Tbk PT | 2125200 | 1206070 |
|  Bank Mandiri Persero Tbk PT | 341800 | 227754 |
|  Bank Rakyat Indonesia Persero Tbk PT | 3456900 | 1060120 |
|  Perusahaan Gas Negara Tbk PT | 4858200 | 502877 |
|  |  | 3107178 |
| **Kuwait — 0.3%** |  |  |
|  Kuwait Finance House KSCP | 52120 | 143316 |
|  National Bank of Kuwait SAKP | 33819 | 121741 |
|  |  | 265057 |
| **Malaysia — 1.1%** |  |  |
|  CIMB Group Holdings Bhd | 96100 | 129798 |
|  IHH Healthcare Bhd | 199500 | 277371 |
|  Malaysia Airports Holdings Bhd<sup>(a)</sup>  | 53300 | 88354 |
|  Maxis Bhd | 96400 | 89675 |
|  Petronas Dagangan Bhd | 13900 | 71035 |
|  PPB Group Bhd | 14800 | 61063 |
|  Public Bank Bhd | 203000 | 202070 |
|  |  | 919366 |
| **Mexico — 2.0%** |  |  |
|  Alsea SAB de CV<sup>(a)</sup>  | 150928 | 359637 |
|  Coca-Cola Femsa SAB de CV | 6293 | 47876 |
|  Fomento Economico Mexicano SAB de CV | 26177 | 229290 |
|  Grupo Aeroportuario del Pacifico SAB de CV, Class B | 4096 | 70713 |
|  Grupo Bimbo SAB de CV, Series A | 53003 | 264642 |
|  Grupo Mexico SAB de CV, Series B | 58427 | 259827 |
|  Wal-Mart de Mexico SAB de CV | 126135 | 494077 |
|  |  | 1726062 |
| **Peru — 0.8%** |  |  |
|  Southern Copper Corp. | 9196 | 691631 |
| **Philippines — 0.2%** |  |  |
|  SM Investments Corp. | 11430 | 193284 |
| **Qatar — 0.3%** |  |  |
|  Ooredoo QPSC | 90045 | 219970 |
|  Qatar National Bank QPSC | 10832 | 53383 |
|  |  | 273353 |
| **Russia<sup>(c)</sup> — 0.0%** |  |  |
|  Alrosa PJSC<sup>(a)</sup>  | 1407496 | 201 |
|  LUKOIL PJSC | 23527 | 3 |
|  Novatek PJSC | 29650 | 4 |
|  |  | 208 |
| **Saudi Arabia — 3.4%** |  |  |
|  Al Rajhi Bank<sup>(a)</sup>  | 46025 | 1010306 |
|  Arabian Drilling Co.<sup>(a)</sup>  | 7215 | 264915 |
|  Rabigh Refining & Petrochemical Co.<sup>(a)</sup>  | 10289 | 30797 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
|  **Saudi Arabia (continued)** |  |  |
|  Saudi Arabian Mining Co.<sup>(a)</sup>  | 16109 | $318754 |
|  Saudi Arabian Oil Co.<sup>(b)</sup>  | 42071 | 371171 |
|  Saudi Basic Industries Corp. | 33966 | 842887 |
|  Saudi National Bank | 7746 | 98061 |
|  |  | 2936891 |
| **South Africa — 4.2%** |  |  |
|  Anglo American Platinum Ltd. | 5193 | 386209 |
|  AngloGold Ashanti Ltd. | 5931 | 124700 |
|  AVI Ltd. | 65462 | 279413 |
|  Capitec Bank Holdings Ltd. | 2219 | 229192 |
|  FirstRand Ltd. | 209829 | 779640 |
|  Gold Fields Ltd. | 10936 | 124647 |
|  Kumba Iron Ore Ltd. | 5184 | 158734 |
|  Life Healthcare Group Holdings Ltd. | 269969 | 265074 |
|  Netcare Ltd. | 157554 | 129824 |
|  Sasol Ltd. | 7654 | 139049 |
|  Standard Bank Group Ltd. | 36639 | 365573 |
|  Tiger Brands Ltd. | 17976 | 214927 |
|  Truworths International Ltd. | 124867 | 475858 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3672840 |
| **South Korea — 8.6%** |  |  |
|  CJ Logistics Corp.<sup>(a)</sup>  | 1077 | 79119 |
|  Daewoo Engineering & Construction Co. Ltd.<sup>(a)</sup>  | 38875 | 152033 |
|  Green Cross Corp. | 2587 | 272031 |
|  Hite Jinro Co. Ltd. | 20965 | 449331 |
|  HL Mando Co. Ltd. | 4676 | 170068 |
|  Hugel, Inc.<sup>(a)</sup>  | 3828 | 442079 |
|  Hyundai Department Store Co. Ltd. | 2192 | 109975 |
|  Hyundai Glovis Co. Ltd. | 780 | 105559 |
|  Hyundai Mobis Co. Ltd. | 2942 | 491923 |
|  Hyundai Wia Corp. | 1880 | 82195 |
|  KB Financial Group, Inc. | 5402 | 246182 |
|  Kia Corp. | 8555 | 466093 |
|  Kolon Industries, Inc. | 1078 | 40149 |
|  Korea Gas Corp. | 2855 | 77539 |
|  Korean Air Lines Co. Ltd.<sup>(a)</sup>  | 18867 | 373307 |
|  POSCO Holdings, Inc. | 3261 | 801315 |
|  Posco International Corp. | 8550 | 162768 |
|  Samsung Electronics Co. Ltd. | 54349 | 2707136 |
|  Shinsegae, Inc.<sup>(a)</sup>  | 1546 | 291810 |
|  |  | 7520612 |
| **Taiwan — 14.4%** |  |  |
|  Arcadyan Technology Corp. | 127000 | 430759 |
|  Chicony Electronics Co. Ltd. | 35000 | 101502 |
|  Chroma ATE, Inc. | 80000 | 496456 |
|  Chunghwa Telecom Co. Ltd. | 44000 | 164433 |
|  Delta Electronics, Inc. | 64000 | 620638 |
|  FLEXium Interconnect, Inc. | 117000 | 391988 |
|  Global Unichip Corp. | 5000 | 131967 |
|  Hon Hai Precision Industry Co. Ltd. | 149000 | 496875 |
|  Largan Precision Co. Ltd. | 2000 | 142723 |
|  Makalot Industrial Co. Ltd. | 76000 | 554848 |
|  MediaTek, Inc. | 25000 | 604024 |
|  Poya International Co. Ltd. | 4000 | 69475 |
|  President Chain Store Corp. | 14000 | 126106 |
|  Primax Electronics Ltd. | 221000 | 425432 |
|  Simplo Technology Co. Ltd. | 37000 | 366556 |
|  Sino-American Silicon Products, Inc. | 34000 | 185661 |
|  Taiwan Cooperative Financial Holding Co. Ltd. | 224000 | 197942 |
|  Taiwan Mobile Co. Ltd. | 55000 | 173536 |
|  Taiwan Semiconductor Manufacturing Co. Ltd. | 293000 | 5170507 |

---

S C H E D U L E O F I N V E S T M E N T S 2

------

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock Advantage Emerging Markets Fund**<br> **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
|  **Taiwan (continued)** |  |  |
|  Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 6669 | $618417 |
|  United Microelectronics Corp. | 142000 | 232375 |
|  Wistron NeWeb Corp. | 303000 | 828099 |
|  |  | 12530319 |
| **Thailand — 3.0%** |  |  |
|  Bangchak Corp. PCL, NVDR | 635100 | 705875 |
|  Bangkok Dusit Medical Services PCL, NVDR | 767000 | 693488 |
|  Home Product Center PCL, NVDR | 313100 | 136241 |
|  Mega Lifesciences PCL, NVDR | 17100 | 27164 |
|  PTT Exploration & Production PCL, NVDR | 171500 | 895242 |
|  Tisco Financial Group PCL, NVDR | 44000 | 136900 |
|  |  | 2594910 |
| **Turkey — 0.5%** |  |  |
|  Anadolu Efes Biracilik Ve Malt Sanayii A/S | 33449 | 92956 |
|  Migros Ticaret A/S<sup>(a)</sup>  | 41668 | 305954 |
|  |  | 398910 |
| **United Arab Emirates — 0.3%** |  |  |
|  Emirates NBD Bank PJSC | 51149 | 180692 |
|  First Abu Dhabi Bank PJSC | 12993 | 48196 |
|  |  | 228888 |
|  **Total Common Stocks — 93.2%<br>(Cost: $75,978,264)** |  | 81072732 |
|  **Preferred Securities** |  |  |
|  **Preferred Stocks — 1.4%** |  |  |
| **Brazil — 1.4%** |  |  |
|  Banco Bradesco SA, Preference Shares | 84073 | 232197 |
|  Cia Energetica de Minas Gerais, Preference Shares | 19798 | 44695 |
|  Gerdau SA, Preference Shares | 13522 | 87211 |
|  Itau Unibanco Holding SA, Preference Shares | 60540 | 302086 |
|  Petroleo Brasileiro SA, Preference Shares | 107409 | 551613 |
|  |  | 1217802 |
|  **Total Preferred Securities — 1.4%<br>(Cost: $1,329,768)** |  | 1217802 |
|  **Total Long-Term Investments — 94.6%<br>(Cost: $77,308,032)** |  | 82290534 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
|  **Short-Term Securities** |  |  |
|  **Money Market Funds — 5.9%** |  |  |
|  BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.07%<sup>(e)(f)</sup>  | 4941902 | $4941902 |
|  SL Liquidity Series, LLC, Money Market Series, 4.54%<sup>(e)(f)(g)</sup>  | 190863 | 190901 |
|  **Total Short-Term Securities — 5.9%<br>(Cost: $5,132,784)** | **Total Short-Term Securities — 5.9%<br>(Cost: $5,132,784)** | 5132803 |
|  **Total Investments — 100.5%<br>(Cost: $82,440,816)** | **Total Investments — 100.5%<br>(Cost: $82,440,816)** | 87423337 |
|  **Liabilities in Excess of Other Assets — (0.5)%** | **Liabilities in Excess of Other Assets — (0.5)%** | (439718) |
|  **Net Assets — 100.0%** |  | $86983619 |

---

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

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

<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, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | *Affiliated Issuer* | *Value at*<br> *04/30/22* | *Purchases*<br> *at Cost* | *Proceeds*<br> *from Sales* | *Net*<br> *Realized*<br> *Gain (Loss)* | *Change in*<br> *Unrealized*<br> *Appreciation*<br> *(Depreciation)* | *Value at*<br> *01/31/23* | *Shares*<br> *Held at*<br> *01/31/23* | *Income* | *Capital Gain*<br> *Distributions*<br> *from*<br> *Underlying*<br> *Funds* |
|  | BlackRock Liquidity Funds, T-Fund, Institutional Class | $7133591 | $— | $(2191689)<sup>(a)</sup> | $— | $— | $4941902 | 4941902 | $81916 | $– |
|  | SL Liquidity Series, LLC, Money Market Series | 254881 | 9138860 <sup>(a)</sup> | (9202897) | 38 | 19 | 190901 | 190863 | 4704 <sup>(b)</sup> | – |
|  |  |  |  |  | $38 | $19 | $5132803 |  | $86620 | $– |

---

<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 fees and collateral investment expenses, and other payments to and from borrowers of securities.

3.0 ------

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock Advantage Emerging Markets Fund** |

---

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

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of<br>Contracts* | *Expiration<br>Date* | *Notional<br>Amount (000)* | *Value/<br>Unrealized<br>Appreciation<br>(Depreciation)* |
|  Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI Emerging Markets Index | 84 | 03/17/23 | $4387 | $171783 |

---

**Fair Value Hierarchy as of Period End** 

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

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

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or
liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield
curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent
observable inputs are not available (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. There may not be a secondary market, and/or there are 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.

Certain investments of the Fund were fair valued using net asset value ("NAV") per share as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

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;&nbsp; Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia | $— | $359301 | $— | $359301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | 4883429 |  |  | 4883429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China | 1111916 | 27641818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52113 | 28805847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greece |  | 455327 |  | 455327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong |  | 731355 |  | 731355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1217838 | 7560126 |  | 8777964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia |  | 3107178 |  | 3107178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kuwait |  | 265057 |  | 265057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malaysia | 132098 | 787268 |  | 919366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico | 1726062 |  |  | 1726062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peru | 691631 |  |  | 691631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philippines |  | 193284 |  | 193284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qatar |  | 273353 |  | 273353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Russia |  |  | 208 | 208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | 264915 | 2671976 |  | 2936891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa | 214927 | 3457913 |  | 3672840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea |  | 7520612 |  | 7520612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taiwan | 618417 | 11911902 |  | 12530319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thailand |  | 2594910 |  | 2594910 |

---

S C H E D U L E O F I N V E S T M E N T S 4

------

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock Advantage Emerging Markets Fund** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey | $— | $398910 | $— | $398910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates |  | 228888 |  | 228888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | 1217802 |  |  | 1217802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | 4941902 |  |  | 4941902 |
|  | $17020937 | $70159178 | $52321 | 87232436 |
|  Investments Valued at NAV<sup>(a)</sup>  |  |  |  | 190901 |
|  |  |  |  | $87423337 |
|  Derivative Financial Instruments<sup>(b)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | $171783 | $— | $— | $171783 |

---

<sup>(a)</sup> Certain investments of the Fund were fair valued using NAV as a practical expedient as no quoted market value is available and therefore have been excluded from the fair value hierarchy.

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

---

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

---

5<br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

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

- **b. EDGAR series identifier (if any):** S000033603

- **c. LEI of Series:** WEJ3VPF25HMUBXKZD351

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $87559471.15

**Total Liabilities:** $532725.84

**Net Assets:** $87026745.31

**Cash Not Reported:** $698783.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000103257 | 16.12%               | -2.61%               | 9.70%                |
| Class ID C000198231 | 16.22%               | -2.54%               | 9.73%                |
| Class ID C000103256 | 16.17%               | -2.50%               | 9.68%                |
| Class ID C000103258 | 16.22%               | -2.58%               | 9.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-399226.15              | $11203372.04                               |
| Month 2  | $262168.59               | $-2340101.73                               |
| Month 3  | $187116.73               | $6850120.47                                |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| HCL Technologies Ltd                                     | HCL Technologies Ltd                                    | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |     15376 | NS      | $212028.90    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Cogna Educacao                                           | Cogna Educacao                                          | CUSIP: 000000000<br>LEI: 549300BTP1E45NJ6R194 | Long             | EC               | CORP              | BR        |    174247 | NS      | $81694.91     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Emirates NBD Bank PJSC                                   | Emirates NBD Bank PJSC                                  | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |     51149 | NS      | $180691.78    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Zijin Mining Group Co Ltd                                | Zijin Mining Group Co Ltd                               | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |     48000 | NS      | $79394.44     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Saudi Arabian Mining Co                                  | Saudi Arabian Mining Co                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     16109 | NS      | $318754.26    | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Netcare Ltd                                              | Netcare Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    157554 | NS      | $129823.84    | 0.15%             |  |  |  | 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        |    153000 | NS      | $1188458.38   | 1.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Sao Martinho SA                                          | Sao Martinho SA                                         | CUSIP: 000000000<br>LEI: 549300R3Z74BNJBF4161 | Long             | EC               | CORP              | BR        |     26697 | NS      | $131531.23    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| LONGi Green Energy Technology Co Ltd                     | LONGi Green Energy Technology Co Ltd                    | CUSIP: 000000000<br>LEI: 300300NRGAITUP1EZ248 | Long             | EC               | CORP              | CN        |    121800 | NS      | $873360.53    | 1.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Gold Fields Ltd                                          | Gold Fields Ltd                                         | CUSIP: 000000000<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     27096 | NS      | $308837.38    | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Saudi Basic Industries Corp                              | Saudi Basic Industries Corp                             | CUSIP: 000000000<br>LEI: 213800ZCTFZZZJSK8645 | Long             | EC               | CORP              | SA        |     33966 | NS      | $842887.16    | 0.97%             |  |  |  | No            | 2                  | On Loan: No      |
| Green Cross Corp/South Korea                             | Green Cross Corp/South Korea                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1852 | NS      | $194743.77    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Contemporary Amperex Technology Co Ltd                   | Contemporary Amperex Technology Co Ltd                  | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     13600 | NS      | $943637.12    | 1.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Light SA                                                 | Light SA                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    254285 | NS      | $190852.76    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Mexico SAB de CV                                   | Grupo Mexico SAB de CV                                  | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |     58427 | NS      | $259827.25    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Dr Reddy's Laboratories Ltd                              | Dr Reddy's Laboratories Ltd                             | CUSIP: 000000000<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |       995 | NS      | $52768.83     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV               | Grupo Aeroportuario del Pacifico SAB de CV              | CUSIP: 000000000<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |      4096 | NS      | $70713.40     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Chailease Holding Co Ltd                                 | Chailease Holding Co Ltd                                | CUSIP: 000000000<br>LEI: 529900L76E6T0JCM3J27 | Long             | EC               | CORP              | KY        |     24000 | NS      | $180867.36    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Zoomlion Heavy Industry Science and Technology Co Ltd    | Zoomlion Heavy Industry Science and Technology Co Ltd   | CUSIP: 000000000<br>LEI: 529900QZ3EMAU0QKFK85 | Long             | EC               | CORP              | CN        |    155000 | NS      | $86223.84     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Kweichow Moutai Co Ltd                                   | Kweichow Moutai Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       800 | NS      | $219397.62    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Dalmia Bharat Ltd                                        | Dalmia Bharat Ltd                                       | CUSIP: 000000000<br>LEI: 335800Q2I12HTQ7ETZ32 | Long             | EC               | CORP              | IN        |      3502 | NS      | $75748.00     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Ultrapar Participacoes SA                                | Ultrapar Participacoes SA                               | CUSIP: 000000000<br>LEI: 529900FU4XBXGQMLRE72 | Long             | EC               | CORP              | BR        |     81576 | NS      | $211962.93    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Alrosa PJSC                                              | Alrosa PJSC                                             | CUSIP: 000000000<br>LEI: 894500DKUWVBYZLLE651 | Long             | EC               | CORP              | RU        |   1407496 | NS      | $200.47       | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| China International Capital Corp Ltd                     | China International Capital Corp Ltd                    | CUSIP: 000000000<br>LEI: 529900OS3SVVTT56QN67 | Long             | EC               | CORP              | CN        |     47800 | NS      | $283724.75    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| HL Mando Co Ltd                                          | HL Mando Co Ltd                                         | CUSIP: 000000000<br>LEI: 988400P5GM9DGVVOJQ79 | Long             | EC               | CORP              | KR        |      4676 | NS      | $170068.10    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Pinduoduo Inc                                            | Pinduoduo Inc                                           | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      6282 | NS      | $615510.36    | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Kia Corp                                                 | Kia Corp                                                | CUSIP: 000000000<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |      8555 | NS      | $466092.77    | 0.54%             |  |  |  | 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        |    224000 | NS      | $197941.99    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| StoneCo Ltd                                              | StoneCo Ltd                                             | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | KY        |     30137 | NS      | $336328.92    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Shougang Fushan Resources Group Ltd                      | Shougang Fushan Resources Group Ltd                     | CUSIP: 000000000<br>LEI: 529900OPUNJYLOX4OL37 | Long             | EC               | CORP              | HK        |    684000 | NS      | $247759.76    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Taiwan Mobile Co Ltd                                     | Taiwan Mobile Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     55000 | NS      | $173536.03    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Bradesco SA                                        | Banco Bradesco SA                                       | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |     84073 | NS      | $232197.36    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Haier Smart Home Co Ltd                                  | Haier Smart Home Co Ltd                                 | CUSIP: 000000000<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |      6866 | NS      | $26246.82     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Fleury SA                                                | Fleury SA                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    194490 | NS      | $593090.48    | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Bimbo SAB de CV                                    | Grupo Bimbo SAB de CV                                   | CUSIP: 000000000<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |     53003 | NS      | $264642.05    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Shanghai Pharmaceuticals Holding Co Ltd                  | Shanghai Pharmaceuticals Holding Co Ltd                 | CUSIP: 000000000<br>LEI: 30030029J1KKCBY19820 | Long             | EC               | CORP              | CN        |    279700 | NS      | $493165.55    | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| AVI Ltd                                                  | AVI Ltd                                                 | CUSIP: 000000000<br>LEI: 378900C2D68805FAAF75 | Long             | EC               | CORP              | ZA        |     65462 | NS      | $279413.03    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Southern Copper Corp                                     | Southern Copper Corp                                    | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      9196 | NS      | $691631.16    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| President Chain Store Corp                               | President Chain Store Corp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     14000 | NS      | $126106.21    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Azul SA                                                  | Azul SA                                                 | CUSIP: 000000000<br>LEI: 549300Z0MWZ57Q9RR205 | Long             | EP               | CORP              | BR        |     70026 | NS      | $163467.11    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Voltas Ltd                                               | Voltas Ltd                                              | CUSIP: 000000000<br>LEI: 335800VVTQSSZ7NV7F51 | Long             | EC               | CORP              | IN        |     14003 | NS      | $137755.97    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Coca-Cola Femsa SAB de CV                                | Coca-Cola Femsa SAB de CV                               | CUSIP: 000000000<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |      6293 | NS      | $47876.33     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Hyundai Mobis Co Ltd                                     | Hyundai Mobis Co Ltd                                    | CUSIP: 000000000<br>LEI: 988400HJA9E0ZVDHRS65 | Long             | EC               | CORP              | KR        |      2942 | NS      | $491923.19    | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| CSN Mineracao SA                                         | CSN Mineracao SA                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    226815 | NS      | $238597.42    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Qualicorp Consultoria e Corretora de Seguros SA          | Qualicorp Consultoria e Corretora de Seguros SA         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     22722 | NS      | $28244.16     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Infosys Ltd                                              | Infosys Ltd                                             | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     58586 | NS      | $1103484.39   | 1.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Petronas Dagangan Bhd                                    | Petronas Dagangan Bhd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     13900 | NS      | $71035.57     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung Electronics Co Ltd                               | Samsung Electronics Co Ltd                              | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     53632 | NS      | $2671422.20   | 3.07%             |  |  |  | No            | 2                  | On Loan: No      |
| BYD Co Ltd                                               | BYD Co Ltd                                              | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     21500 | NS      | $918626.30    | 1.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Hyundai Department Store Co Ltd                          | Hyundai Department Store Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2192 | NS      | $109975.15    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| AngloGold Ashanti Ltd                                    | AngloGold Ashanti Ltd                                   | CUSIP: 000000000<br>LEI: 378900EF3BA9A5F42A59 | Long             | EC               | CORP              | ZA        |      5931 | NS      | $124699.70    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Vale SA                                                  | Vale SA                                                 | CUSIP: 000000000<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     45803 | NS      | $852755.26    | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| RiseSun Real Estate Development Co Ltd                   | RiseSun Real Estate Development Co Ltd                  | CUSIP: 000000000<br>LEI: 3003009NURYQJKU6MT26 | Long             | EC               | CORP              | CN        |         1 | NS      | $0.33         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Tata Consultancy Services Ltd                            | Tata Consultancy Services Ltd                           | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     24906 | NS      | $1027961.62   | 1.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Petroleo Brasileiro SA                                   | Petroleo Brasileiro SA                                  | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EP               | CORP              | BR        |    107409 | NS      | $551612.91    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Zydus Lifesciences Ltd                                   | Zydus Lifesciences Ltd                                  | CUSIP: 000000000<br>LEI: 335800R9O14ORBXLPN13 | Long             | EC               | CORP              | IN        |      9096 | NS      | $48007.16     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Reliance Industries Ltd                                  | Reliance Industries Ltd                                 | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |     19663 | NS      | $567226.13    | 0.65%             |  |  |  | No            | 2                  | On Loan: No      |
| Wistron NeWeb Corp                                       | Wistron NeWeb Corp                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    221000 | NS      | $603993.16    | 0.69%             |  |  |  | No            | 2                  | On Loan: No      |
| Simplo Technology Co Ltd                                 | Simplo Technology Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     37000 | NS      | $366555.51    | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| Hyundai Glovis Co Ltd                                    | Hyundai Glovis Co Ltd                                   | CUSIP: 000000000<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |       780 | NS      | $105559.17    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Arcadyan Technology Corp                                 | Arcadyan Technology Corp                                | CUSIP: 000000000<br>LEI: 254900R5W61G3GO1Q067 | Long             | EC               | CORP              | TW        |    127000 | NS      | $430758.64    | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| National Bank of Kuwait SAKP                             | National Bank of Kuwait SAKP                            | CUSIP: 000000000<br>LEI: 549300NB7FE83IH6BW96 | Long             | EC               | CORP              | KW        |     33819 | NS      | $121740.77    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Bosideng International Holdings Ltd                      | Bosideng International Holdings Ltd                     | CUSIP: 000000000<br>LEI: 254900G7F1RDM4B3S169 | Long             | EC               | CORP              | KY        |     60000 | NS      | $33436.62     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Chunghwa Telecom Co Ltd                                  | Chunghwa Telecom Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     44000 | NS      | $164433.15    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Public Bank Bhd                                          | Public Bank Bhd                                         | CUSIP: 000000000<br>LEI: 549300L2RSQCVMOHGM20 | Long             | EC               | CORP              | MY        |    203000 | NS      | $202069.79    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| Mega Lifesciences PCL                                    | Mega Lifesciences PCL                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     17100 | NS      | $27163.64     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| OPAP SA                                                  | OPAP SA                                                 | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |     11276 | NS      | $169316.38    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Coca-Cola Icecek AS                                      | Coca-Cola Icecek AS                                     | CUSIP: 000000000<br>LEI: 789000WT80VVLUWJDK41 | Long             | EC               | CORP              | TR        |      3063 | NS      | $29873.37     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Sasol Ltd                                                | Sasol Ltd                                               | CUSIP: 000000000<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |      7654 | NS      | $139048.83    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| People's Insurance Co Group of China Ltd/The             | People's Insurance Co Group of China Ltd/The            | CUSIP: 000000000<br>LEI: 3003000P2JHYHQ524P66 | Long             | EC               | CORP              | CN        |    464000 | NS      | $156425.84    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| CSPC Pharmaceutical Group Ltd                            | CSPC Pharmaceutical Group Ltd                           | CUSIP: 000000000<br>LEI: 529900M3XQCW234H8O91 | Long             | EC               | CORP              | HK        |     24000 | NS      | $27364.86     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Coromandel International Ltd                             | Coromandel International Ltd                            | CUSIP: 000000000<br>LEI: 335800U73K3HJSQKT249 | Long             | EC               | CORP              | IN        |     37814 | NS      | $414618.31    | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| Global Unichip Corp                                      | Global Unichip Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      5000 | NS      | $131967.22    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| MediaTek Inc                                             | MediaTek Inc                                            | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     25000 | NS      | $604023.93    | 0.69%             |  |  |  | No            | 2                  | On Loan: No      |
| Itau Unibanco Holding SA                                 | Itau Unibanco Holding SA                                | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |     60540 | NS      | $302085.81    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Gerdau SA                                                | Gerdau SA                                               | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |     41522 | NS      | $269893.00    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| WuXi AppTec Co Ltd                                       | WuXi AppTec Co Ltd                                      | CUSIP: 000000000<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |      9280 | NS      | $120584.60    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| ICE Futures U.S., Inc.                                   | MSCI EMGMKT MAR23                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        94 | NC      | $206769.24    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ITC Ltd                                                  | ITC Ltd                                                 | CUSIP: 000000000<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |     51510 | NS      | $222297.59    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| FirstRand Ltd                                            | FirstRand Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    209829 | NS      | $779640.22    | 0.90%             |  |  |  | No            | 2                  | On Loan: No      |
| China Resources Beer Holdings Co Ltd                     | China Resources Beer Holdings Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     16000 | NS      | $120452.43    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| ENN Energy Holdings Ltd                                  | ENN Energy Holdings Ltd                                 | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | KY        |     15200 | NS      | $229014.16    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                             | Wal-Mart de Mexico SAB de CV                            | CUSIP: 000000000<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | MX        |    126135 | NS      | $494077.03    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Kuwait Finance House KSCP                                | Kuwait Finance House KSCP                               | CUSIP: 000000000<br>LEI: 2549007KX0N057S9BC98 | Long             | EC               | CORP              | KW        |     52120 | NS      | $143315.90    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Maxis Bhd                                                | Maxis Bhd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     96400 | NS      | $89674.81     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Gerdau SA                                                | Gerdau SA                                               | CUSIP: 000000000<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EP               | CORP              | BR        |     13522 | NS      | $87211.21     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Sun Pharmaceutical Industries Ltd                        | Sun Pharmaceutical Industries Ltd                       | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |     22447 | NS      | $284210.95    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT                     | Bank Rakyat Indonesia Persero Tbk PT                    | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |   3456900 | NS      | $1060119.98   | 1.22%             |  |  |  | No            | 2                  | On Loan: No      |
| HDFC Bank Ltd                                            | HDFC Bank Ltd                                           | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     19622 | NS      | $386134.06    | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| POSCO Holdings Inc                                       | POSCO Holdings Inc                                      | CUSIP: 000000000<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |      3261 | NS      | $801314.74    | 0.92%             |  |  |  | No            | 2                  | On Loan: No      |
| Fufeng Group Ltd                                         | Fufeng Group Ltd                                        | CUSIP: 000000000<br>LEI: 549300OQ91X6COVM4483 | Long             | EC               | CORP              | KY        |    199000 | NS      | $139650.28    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of Communications Co Ltd                            | Bank of Communications Co Ltd                           | CUSIP: 000000000<br>LEI: 549300AX1UM10U30HK09 | Long             | EC               | CORP              | CN        |     96000 | NS      | $59337.49     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Infosys Ltd                                              | Infosys Ltd                                             | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     23084 | NS      | $433979.20    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Hengan International Group Co Ltd                        | Hengan International Group Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     15500 | NS      | $76250.04     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of China Ltd                                        | Bank of China Ltd                                       | CUSIP: 000000000<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |    494000 | NS      | $188048.30    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| TAL Education Group                                      | TAL Education Group                                     | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | KY        |      5588 | NS      | $40848.28     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| China Yongda Automobiles Services Holdings Ltd           | China Yongda Automobiles Services Holdings Ltd          | CUSIP: 000000000<br>LEI: 529900G4APWIO18G0C95 | Long             | EC               | CORP              | KY        |    325500 | NS      | $281498.36    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Telefonica Brasil SA                                     | Telefonica Brasil SA                                    | CUSIP: 000000000<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |      7450 | NS      | $61375.21     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Bangkok Dusit Medical Services PCL                       | Bangkok Dusit Medical Services PCL                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    767000 | NS      | $693488.15    | 0.80%             |  |  |  | No            | 2                  | On Loan: No      |
| InnoCare Pharma Ltd                                      | InnoCare Pharma Ltd                                     | CUSIP: 000000000<br>LEI: 3003001NYJPPWIEOJT79 | Long             | EC               | CORP              | KY        |     16000 | NS      | $27752.80     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| FLEXium Interconnect Inc                                 | FLEXium Interconnect Inc                                | CUSIP: 000000000<br>LEI: 213800WXE6VMVZICKA40 | Long             | EC               | CORP              | TW        |    117000 | NS      | $391987.99    | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| Alsea SAB de CV                                          | Alsea SAB de CV                                         | CUSIP: 000000000<br>LEI: 4469000001BJLPKNUN21 | Long             | EC               | CORP              | MX        |    150928 | NS      | $359636.73    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Sunac China Holdings Ltd                                 | Sunac China Holdings Ltd                                | CUSIP: 000000000<br>LEI: 549300OLARYHDXP3WK18 | Long             | EC               | CORP              | KY        |    254000 | NS      | $52113.22     | 0.06%             |  |  |  | No            | 3                  | On Loan: No      |
| Wuxi Biologics Cayman Inc                                | Wuxi Biologics Cayman Inc                               | CUSIP: 000000000<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | KY        |     30500 | NS      | $254687.22    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank Central Asia Tbk PT                                 | Bank Central Asia Tbk PT                                | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |   2125200 | NS      | $1206070.03   | 1.39%             |  |  |  | No            | 2                  | On Loan: No      |
| Chicony Electronics Co Ltd                               | Chicony Electronics Co Ltd                              | CUSIP: 000000000<br>LEI: 254900JBP5GB5B1IHS51 | Long             | EC               | CORP              | TW        |     35000 | NS      | $101502.18    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| BHP Group Ltd                                            | BHP Group Ltd                                           | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     10276 | NS      | $359300.88    | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| Chroma ATE Inc                                           | Chroma ATE Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     80000 | NS      | $496456.33    | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| China Petroleum & Chemical Corp                          | China Petroleum & Chemical Corp                         | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |    857000 | NS      | $462753.66    | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| Petroleo Brasileiro SA                                   | Petroleo Brasileiro SA                                  | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     42185 | NS      | $435349.20    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| KB Financial Group Inc                                   | KB Financial Group Inc                                  | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      5402 | NS      | $246182.03    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Hyundai Wia Corp                                         | Hyundai Wia Corp                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1880 | NS      | $82195.45     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| PTT Exploration & Production PCL                         | PTT Exploration & Production PCL                        | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |    171500 | NS      | $895242.60    | 1.03%             |  |  |  | No            | 2                  | On Loan: No      |
| China Oilfield Services Ltd                              | China Oilfield Services Ltd                             | CUSIP: 000000000<br>LEI: 529900J4X53VL8QQW675 | Long             | EC               | CORP              | CN        |     20000 | NS      | $24240.66     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Sinopharm Group Co Ltd                                   | Sinopharm Group Co Ltd                                  | CUSIP: 000000000<br>LEI: 529900N54X78YH9JYK92 | Long             | EC               | CORP              | CN        |      9600 | NS      | $23529.52     | 0.03%             |  |  |  | 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        |    665000 | NS      | $355720.96    | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| New China Life Insurance Co Ltd                          | New China Life Insurance Co Ltd                         | CUSIP: 000000000<br>LEI: 300300F2001111000095 | Long             | EC               | CORP              | CN        |     12400 | NS      | $33256.31     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank Mandiri Persero Tbk PT                              | Bank Mandiri Persero Tbk PT                             | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |    341800 | NS      | $227753.66    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| Truworths International Ltd                              | Truworths International Ltd                             | CUSIP: 000000000<br>LEI: 37890099AFD770037522 | Long             | EC               | CORP              | ZA        |    124867 | NS      | $475857.77    | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| Geely Automobile Holdings Ltd                            | Geely Automobile Holdings Ltd                           | CUSIP: 000000000<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | KY        |    438000 | NS      | $710567.14    | 0.82%             |  |  |  | No            | 2                  | On Loan: No      |
| MMG Ltd                                                  | MMG Ltd                                                 | CUSIP: 000000000<br>LEI: 529900XB5IQXFMSWEC48 | Long             | EC               | CORP              | HK        |     88000 | NS      | $28527.92     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| NetEase Inc                                              | NetEase Inc                                             | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     53870 | NS      | $955767.62    | 1.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Gourmet Master Co Ltd                                    | Gourmet Master Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     19000 | NS      | $95704.44     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Baidu Inc                                                | Baidu Inc                                               | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |     62442 | NS      | $1049652.36   | 1.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Tisco Financial Group PCL                                | Tisco Financial Group PCL                               | CUSIP: 000000000<br>LEI: 529900OOUQI3OWX2WU06 | Long             | EC               | CORP              | TH        |     44000 | NS      | $136899.88    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Hiwin Technologies Corp                                  | Hiwin Technologies Corp                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     68969 | NS      | $515674.21    | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| Anadolu Efes Biracilik Ve Malt Sanayii AS                | Anadolu Efes Biracilik Ve Malt Sanayii AS               | CUSIP: 000000000<br>LEI: 7890006LGARYVIPOJX03 | Long             | EC               | CORP              | TR        |     33449 | NS      | $92956.22     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Shanghai Putailai New Energy Technology Co Ltd           | Shanghai Putailai New Energy Technology Co Ltd          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3500 | NS      | $28746.66     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Tencent Music Entertainment Group                        | Tencent Music Entertainment Group                       | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |     12110 | NS      | $101602.90    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Kotak Mahindra Bank Ltd                                  | Kotak Mahindra Bank Ltd                                 | CUSIP: 000000000<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |     21563 | NS      | $457810.15    | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| Hugel Inc                                                | Hugel Inc                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3828 | NS      | $442079.39    | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| Qatar National Bank QPSC                                 | Qatar National Bank QPSC                                | CUSIP: 000000000<br>LEI: 549300FFSRVBS0SQXY75 | Long             | EC               | CORP              | QA        |     10832 | NS      | $53382.65     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Home Product Center PCL                                  | Home Product Center PCL                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    313100 | NS      | $136240.63    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Rabigh Refining & Petrochemical Co                       | Rabigh Refining & Petrochemical Co                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     10289 | NS      | $30796.35     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Makalot Industrial Co Ltd                                | Makalot Industrial Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     76000 | NS      | $554847.84    | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| Autohome Inc                                             | Autohome Inc                                            | CUSIP: 05278C107<br>LEI: 529900NYB6ZGZN3MVT56 | Long             | EC               | CORP              | KY        |      1109 | NS      | $38659.74     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Nestle India Ltd                                         | Nestle India Ltd                                        | CUSIP: 000000000<br>LEI: 3358008SYYY9CPWH5D94 | Long             | EC               | CORP              | IN        |       825 | NS      | $191935.55    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Cummins India Ltd                                        | Cummins India Ltd                                       | CUSIP: 000000000<br>LEI: 3358002PR6NKJRU4YS77 | Long             | EC               | CORP              | IN        |      4717 | NS      | $83029.16     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| China Youzan Ltd                                         | China Youzan Ltd                                        | CUSIP: 000000000<br>LEI: 254900SU8V2QDTPJ9R43 | Long             | EC               | CORP              | BM        |   4060000 | NS      | $135611.55    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Hellenic Telecommunications Organization SA              | Hellenic Telecommunications Organization SA             | CUSIP: 000000000<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |     18143 | NS      | $286010.64    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Amara Raja Batteries Ltd                                 | Amara Raja Batteries Ltd                                | CUSIP: 000000000<br>LEI: 335800PV7RRC72PLCG19 | Long             | EC               | CORP              | IN        |     11100 | NS      | $77058.50     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Ooredoo QPSC                                             | Ooredoo QPSC                                            | CUSIP: 000000000<br>LEI: 549300D3EIDZJB62TR20 | Long             | EC               | CORP              | QA        |     90045 | NS      | $219970.44    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| JD.com Inc                                               | JD.com Inc                                              | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     24910 | NS      | $739661.40    | 0.85%             |  |  |  | No            | 2                  | On Loan: No      |
| WEG SA                                                   | WEG SA                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     17378 | NS      | $130909.27    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                     | Fomento Economico Mexicano SAB de CV                    | CUSIP: 000000000<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     26177 | NS      | $229289.42    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| CIMB Group Holdings Bhd                                  | CIMB Group Holdings Bhd                                 | CUSIP: 000000000<br>LEI: 549300FYDN5UD7USZW18 | Long             | EC               | CORP              | MY        |     96100 | NS      | $129797.71    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Trip.com Group Ltd                                       | Trip.com Group Ltd                                      | CUSIP: 000000000<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      5850 | NS      | $215194.70    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Kolon Industries Inc                                     | Kolon Industries Inc                                    | CUSIP: 000000000<br>LEI: 988400LHRPRCSKXOAF72 | Long             | EC               | CORP              | KR        |      1078 | NS      | $40148.62     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Sun Art Retail Group Ltd                                 | Sun Art Retail Group Ltd                                | CUSIP: 000000000<br>LEI: 3003009IMRZ363PQCP28 | Long             | EC               | CORP              | HK        |    381000 | NS      | $153878.64    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Shinsegae Inc                                            | Shinsegae Inc                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1546 | NS      | $291809.72    | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| First Abu Dhabi Bank PJSC                                | First Abu Dhabi Bank PJSC                               | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |     12993 | NS      | $48195.99     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Ambev SA                                                 | Ambev SA                                                | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |     76049 | NS      | $202290.34    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Largan Precision Co Ltd                                  | Largan Precision Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2000 | NS      | $142722.71    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Poya International Co Ltd                                | Poya International Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      4000 | NS      | $69475.26     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Ganfeng Lithium Group Co Ltd                             | Ganfeng Lithium Group Co Ltd                            | CUSIP: 000000000<br>LEI: 3003006BE6UOHWEOOR42 | Long             | EC               | CORP              | CN        |     24300 | NS      | $285848.70    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Bilibili Inc                                             | Bilibili Inc                                            | CUSIP: 000000000<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | KY        |      2160 | NS      | $53906.53     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Sino-American Silicon Products Inc                       | Sino-American Silicon Products Inc                      | CUSIP: 000000000<br>LEI: 529900DMZ4STK7NEXO95 | Long             | EC               | CORP              | TW        |     34000 | NS      | $185661.16    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| PetroChina Co Ltd                                        | PetroChina Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |   1473700 | NS      | $788355.78    | 0.91%             |  |  |  | No            | 2                  | On Loan: No      |
| Korea Gas Corp                                           | Korea Gas Corp                                          | CUSIP: 000000000<br>LEI: 988400TFZILHBD5M3R71 | Long             | EC               | CORP              | KR        |      2855 | NS      | $77538.70     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| BlackRock Liquidity Funds                                | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   4941902 | NS      | $4941901.75   | 5.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Trip.com Group Ltd                                       | Trip.com Group Ltd                                      | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      6547 | NS      | $240667.72    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Delta Electronics Inc                                    | Delta Electronics Inc                                   | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     64000 | NS      | $620637.67    | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| SM Investments Corp                                      | SM Investments Corp                                     | CUSIP: 000000000<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |     11430 | NS      | $193283.57    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Itau Unibanco Holding SA                                 | Itau Unibanco Holding SA                                | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |     60703 | NS      | $302300.94    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Capitec Bank Holdings Ltd                                | Capitec Bank Holdings Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      4374 | NS      | $451774.07    | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| Great Wall Motor Co Ltd                                  | Great Wall Motor Co Ltd                                 | CUSIP: 000000000<br>LEI: 254900CR8AHWTMFZHH60 | Long             | EC               | CORP              | CN        |     68500 | NS      | $96718.68     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Korean Air Lines Co Ltd                                  | Korean Air Lines Co Ltd                                 | CUSIP: 000000000<br>LEI: 988400C2UFBF4B660C58 | Long             | EC               | CORP              | KR        |     18867 | NS      | $373306.47    | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| Migros Ticaret AS                                        | Migros Ticaret AS                                       | CUSIP: 000000000<br>LEI: 5493002IOWNT1QZMAA74 | Long             | EC               | CORP              | TR        |     41668 | NS      | $305953.62    | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| IHH Healthcare Bhd                                       | IHH Healthcare Bhd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    199500 | NS      | $277371.01    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Perusahaan Gas Negara Tbk PT                             | Perusahaan Gas Negara Tbk PT                            | CUSIP: 000000000<br>LEI: 549300OX1VFDX7ZPN240 | Long             | EC               | CORP              | ID        |   4858200 | NS      | $502877.55    | 0.58%             |  |  |  | No            | 2                  | On Loan: No      |
| Hite Jinro Co Ltd                                        | Hite Jinro Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     20965 | NS      | $449331.32    | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| Vipshop Holdings Ltd                                     | Vipshop Holdings Ltd                                    | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | CN        |      4824 | NS      | $74627.28     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Avary Holding Shenzhen Co Ltd                            | Avary Holding Shenzhen Co Ltd                           | CUSIP: 000000000<br>LEI: 30030067AGXAJK5FRS12 | Long             | EC               | CORP              | CN        |     76814 | NS      | $329120.97    | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| China Hongqiao Group Ltd                                 | China Hongqiao Group Ltd                                | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |    140000 | NS      | $162837.36    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| AKR Corporindo Tbk PT                                    | AKR Corporindo Tbk PT                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   1259000 | NS      | $110357.09    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Money Market Series a series of SL Liquidity Series, LLC | SL Liquidity Series, LLC, Money Market Series           | CUSIP: 590204509<br>LEI: 549300I0RQO84VDWQP47 | Long             | STIV             |  | US        |     27096 | NS      | $27100.92     | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| 3SBio Inc                                                | 3SBio Inc                                               | CUSIP: 000000000<br>LEI: 529900P0TQC1E9Y7FN31 | Long             | EC               | CORP              | KY        |    295500 | NS      | $321865.36    | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| BAIC Motor Corp Ltd                                      | BAIC Motor Corp Ltd                                     | CUSIP: 000000000<br>LEI: 5299003EYHISIDNLZQ19 | Long             | EC               | CORP              | CN        |    626500 | NS      | $192310.17    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Anglo American Platinum Ltd                              | Anglo American Platinum Ltd                             | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |      6874 | NS      | $511226.77    | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| LUKOIL PJSC                                              | LUKOIL PJSC                                             | CUSIP: 000000000<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |     23527 | NS      | $3.35         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Tiger Brands Ltd                                         | Tiger Brands Ltd                                        | CUSIP: 000000000<br>LEI: 529900C57HAFZAHHBC90 | Long             | EC               | CORP              | ZA        |     24393 | NS      | $291650.56    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Cia Energetica de Minas Gerais                           | Cia Energetica de Minas Gerais                          | CUSIP: 000000000<br>LEI: 254900W703PXLDSEM056 | Long             | EP               | CORP              | BR        |     19798 | NS      | $44694.97     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Novatek PJSC                                             | Novatek PJSC                                            | CUSIP: 000000000<br>LEI: 2138008R6GCRVBDFA581 | Long             | EC               | CORP              | RU        |     29650 | NS      | $4.22         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Alibaba Group Holding Ltd                                | Alibaba Group Holding Ltd                               | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    232920 | NS      | $3202337.73   | 3.68%             |  |  |  | No            | 2                  | On Loan: No      |
| Varun Beverages Ltd                                      | Varun Beverages Ltd                                     | CUSIP: 000000000<br>LEI: 33580058NWEMWBDNMD48 | Long             | EC               | CORP              | IN        |     23159 | NS      | $325254.26    | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Life Healthcare Group Holdings Ltd                       | Life Healthcare Group Holdings Ltd                      | CUSIP: 000000000<br>LEI: 529900NEEWARTDD80135 | Long             | EC               | CORP              | ZA        |    269969 | NS      | $265073.98    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Life Insurance Corp of India                             | Life Insurance Corp of India                            | CUSIP: 000000000<br>LEI: 21380068NOA8WMH89Z35 | Long             | EC               | CORP              | IN        |      7737 | NS      | $61905.05     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Tongwei Co Ltd                                           | Tongwei Co Ltd                                          | CUSIP: 000000000<br>LEI: 3003009CW4QYMCG0BH89 | Long             | EC               | CORP              | CN        |     47900 | NS      | $300537.91    | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Asian Paints Ltd                                         | Asian Paints Ltd                                        | CUSIP: 000000000<br>LEI: 335800HEHXGYRUNERD75 | Long             | EC               | CORP              | IN        |      9886 | NS      | $330137.54    | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| CJ Logistics Corp                                        | CJ Logistics Corp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1077 | NS      | $79119.24     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| United Microelectronics Corp                             | United Microelectronics Corp                            | CUSIP: 000000000<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |    142000 | NS      | $232375.05    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Al Rajhi Bank                                            | Al Rajhi Bank                                           | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |     46025 | NS      | $1010306.05   | 1.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    291000 | NS      | $5135213.43   | 5.90%             |  |  |  | No            | 2                  | On Loan: No      |
| Saudi National Bank/The                                  | Saudi National Bank/The                                 | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |      7746 | NS      | $98061.06     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Postal Savings Bank of China Co Ltd                      | Postal Savings Bank of China Co Ltd                     | CUSIP: 000000000<br>LEI: 300300C1040311005298 | Long             | EC               | CORP              | CN        |     47000 | NS      | $31983.83     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      7035 | NS      | $652355.55    | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Cia de Saneamento de Minas Gerais-COPASA                 | Cia de Saneamento de Minas Gerais-COPASA                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     97326 | NS      | $280687.24    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Kunlun Energy Co Ltd                                     | Kunlun Energy Co Ltd                                    | CUSIP: 000000000<br>LEI: 5299007GRIKP15GM4927 | Long             | EC               | CORP              | BM        |    162000 | NS      | $127762.09    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| China Pacific Insurance Group Co Ltd                     | China Pacific Insurance Group Co Ltd                    | CUSIP: 000000000<br>LEI: 529900BA5ILEL308WX03 | Long             | EC               | CORP              | CN        |    136000 | NS      | $373927.35    | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| Daewoo Engineering & Construction Co Ltd                 | Daewoo Engineering & Construction Co Ltd                | CUSIP: 000000000<br>LEI: 988400P76EU13V47BI82 | Long             | EC               | CORP              | KR        |     38875 | NS      | $152032.93    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Bangchak Corp PCL                                        | Bangchak Corp PCL                                       | CUSIP: 000000000<br>LEI: 254900M7L6ML94L1YX58 | Long             | EC               | CORP              | TH        |    635100 | NS      | $705874.79    | 0.81%             |  |  |  | No            | 2                  | On Loan: No      |
| ICICI Bank Ltd                                           | ICICI Bank Ltd                                          | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    108489 | NS      | $1109968.91   | 1.28%             |  |  |  | No            | 2                  | On Loan: No      |
| ICICI Bank Ltd                                           | ICICI Bank Ltd                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     24475 | NS      | $509814.25    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| China Merchants Bank Co Ltd                              | China Merchants Bank Co Ltd                             | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |    145000 | NS      | $940488.42    | 1.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Agricultural Bank of China Ltd                           | Agricultural Bank of China Ltd                          | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |     97000 | NS      | $34913.51     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Aluminum Corp of China Ltd                               | Aluminum Corp of China Ltd                              | CUSIP: 000000000<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |     48000 | NS      | $25650.90     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Lens Technology Co Ltd                                   | Lens Technology Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     28400 | NS      | $56100.60     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Primax Electronics Ltd                                   | Primax Electronics Ltd                                  | CUSIP: 000000000<br>LEI: 254900JO4CQFFG7AIQ15 | Long             | EC               | CORP              | TW        |    221000 | NS      | $425432.29    | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| ZTE Corp                                                 | ZTE Corp                                                | CUSIP: 000000000<br>LEI: 3003004FBGVVG1CW5U45 | Long             | EC               | CORP              | CN        |     69200 | NS      | $167119.88    | 0.19%             |  |  |  | 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        |    149000 | NS      | $496875.03    | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| Tencent Holdings Ltd                                     | Tencent Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     91000 | NS      | $4434330.78   | 5.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Kumba Iron Ore Ltd                                       | Kumba Iron Ore Ltd                                      | CUSIP: 000000000<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |      5184 | NS      | $158734.30    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co Ltd          | Shenzhen Mindray Bio-Medical Electronics Co Ltd         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11800 | NS      | $583558.57    | 0.67%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIC Ltd                                                | CITIC Ltd                                               | CUSIP: 000000000<br>LEI: 2549006I3Q3M98KHOT11 | Long             | EC               | CORP              | HK        |     31000 | NS      | $36275.35     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Haitong Securities Co Ltd                                | Haitong Securities Co Ltd                               | CUSIP: 000000000<br>LEI: 300300E1003931000068 | Long             | EC               | CORP              | CN        |     48400 | NS      | $33387.54     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| China Resources Pharmaceutical Group Ltd                 | China Resources Pharmaceutical Group Ltd                | CUSIP: 000000000<br>LEI: 3003004H1KDKMJ8JD874 | Long             | EC               | CORP              | HK        |    256000 | NS      | $192830.92    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Ambev SA                                                 | Ambev SA                                                | CUSIP: 000000000<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    287693 | NS      | $774163.54    | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| New Oriental Education & Technology Group Inc            | New Oriental Education & Technology Group Inc           | CUSIP: 000000000<br>LEI: 529900NHZVBZQZ8EKN29 | Long             | EC               | CORP              | KY        |     18900 | NS      | $80227.07     | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| HDFC Bank Ltd                                            | HDFC Bank Ltd                                           | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      3240 | NS      | $218246.40    | 0.25%             |  |  |  | No            | 1                  | On Loan: —       |
| Standard Bank Group Ltd                                  | Standard Bank Group Ltd                                 | CUSIP: 000000000<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |     36639 | NS      | $365573.30    | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| Saudi Arabian Oil Co                                     | Saudi Arabian Oil Co                                    | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | EC               | CORP              | SA        |     42071 | NS      | $371170.88    | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| Hindustan Zinc Ltd                                       | Hindustan Zinc Ltd                                      | CUSIP: 000000000<br>LEI: 335800LB39TLJ8YTWM98 | Long             | EC               | CORP              | IN        |     62791 | NS      | $256215.57    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| PPB Group Bhd                                            | PPB Group Bhd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     14800 | NS      | $61063.12     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Meituan                                                  | Meituan                                                 | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |     20680 | NS      | $462319.53    | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| Malaysia Airports Holdings Bhd                           | Malaysia Airports Holdings Bhd                          | CUSIP: 000000000<br>LEI: 2549003NBM1LN55SZ370 | Long             | EC               | CORP              | MY        |     53300 | NS      | $88353.88     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| BYD Co Ltd                                               | BYD Co Ltd                                              | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      9500 | NS      | $300841.65    | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| China Construction Bank Corp                             | China Construction Bank Corp                            | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |   1134000 | NS      | $734027.73    | 0.84%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer