# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001410368-25-010225
**Filing Date:** 2025-9
**Character Count:** 51991
**Document Hash:** 4698b1fc29b68dd51746314d375ccad6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010225.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010225

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20260131

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05742
- **FILM NUMBER:** 251338700

**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

### iShares FTSE NAREIT All Equity REIT Index Fund (Series ID: S000087852)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000253866 | iShares FTSE NAREIT All Equity REIT Index Fund |  |

## 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:** iShares FTSE NAREIT All Equity REIT Index Fund

- **b. EDGAR series identifier (if any):** S000087852

- **c. LEI of Series:** 5299003R7QVUX5J8F342

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $1842871505.37

**Total Liabilities:** $253353.47

**Net Assets:** $1842618151.90

**Cash Not Reported:** $846972.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253866 | 1.17%                | -0.11%               | -1.10%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-15753.77               | $17288143.92                               |
| Month 2  | $-3910105.44             | $-11007506.37                              |
| Month 3  | $-2449186.02             | $-19785472.66                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Global Medical REIT Inc                        | Global Medical REIT Inc                          | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               |  | US        |     84714 | NS      | $565889.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                  | Independence Realty Trust Inc                    | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               |  | US        |    316015 | NS      | $5299571.55   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc                 | Omega Healthcare Investors Inc                   | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |    392909 | NS      | $15284160.10  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                             | Equity Residential                               | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |    517923 | NS      | $32732733.60  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                  | Welltower Inc                                    | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |    895975 | NS      | $147898593.25 | 8.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Properties Inc                           | Orion Properties Inc                             | CUSIP: 68629Y103<br>LEI: 254900ZBXYX11W8ZL437 | Long             | EC               |  | US        |     78530 | NS      | $205748.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc                                     | Tanger Inc                                       | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |    151826 | NS      | $4557816.52   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                       | Highwoods Properties Inc                         | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |    145481 | NS      | $4220403.81   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                             | Realty Income Corp                               | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |   1221326 | NS      | $68553028.38  | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| One Liberty Properties Inc                     | One Liberty Properties Inc                       | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               |  | US        |     25165 | NS      | $563192.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc          | Essential Properties Realty Trust Inc            | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |    268092 | NS      | $8174125.08   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                             | Outfront Media Inc                               | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |    189251 | NS      | $3317570.03   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc                | Four Corners Property Trust Inc                  | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               |  | US        |    135565 | NS      | $3421660.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                                   | WP Carey Inc                                     | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |    296393 | NS      | $19016574.88  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                        | UDR Inc                                          | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |    451751 | NS      | $17749296.79  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                              | SITE Centers Corp                                | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               |  | US        |     68189 | NS      | $734395.53    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sila Realty Trust Inc                          | Sila Realty Trust Inc                            | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               |  | US        |     74790 | NS      | $1827867.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                     | Ventas Inc                                       | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |    596625 | NS      | $40081267.50  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                             | UMH Properties Inc                               | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               |  | US        |    106034 | NS      | $1726233.52   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Diversified Real Estate Trust         | NexPoint Diversified Real Estate Trust           | CUSIP: 65340G205<br>LEI: 5493008KGR2NU3OXMR64 | Long             | EC               |  | US        |     45794 | NS      | $201035.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties Inc             | Easterly Government Properties Inc               | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               |  | US        |     54269 | NS      | $1193918.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                     | Americold Realty Trust Inc                       | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               |  | US        |    391338 | NS      | $6292715.04   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                           | Regency Centers Corp                             | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |    247035 | NS      | $17638299.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                           | Global Net Lease Inc                             | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               |  | US        |    269799 | NS      | $1885895.01   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                               | Saul Centers Inc                                 | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               |  | US        |     16715 | NS      | $538557.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                                | Whitestone REIT                                  | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               |  | US        |     60134 | NS      | $733033.46    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income Trust           | Universal Health Realty Income Trust             | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               |  | US        |     18044 | NS      | $699926.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                      | CubeSmart                                        | CUSIP: 229663109<br>LEI: 549300MPHKO3I3FJRA97 | Long             | EC               |  | US        |    309884 | NS      | $12057586.44  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                            | Sun Communities Inc                              | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |    172775 | NS      | $21429283.25  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                    | Centerspace                                      | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               |  | US        |     23173 | NS      | $1261306.39   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmland Partners Inc                          | Farmland Partners Inc                            | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               |  | US        |     55268 | NS      | $578655.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                              | RLJ Lodging Trust                                | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               |  | US        |    197581 | NS      | $1462099.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BRT Apartments Corp                            | BRT Apartments Corp                              | CUSIP: 055645303<br>LEI: N/A                  | Long             | EC               |  | US        |     16050 | NS      | $233527.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                        | BXP Inc                                          | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |    216689 | NS      | $14177961.27  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                   | Prologis Inc                                     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |   1268503 | NS      | $135450750.34 | 7.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc                       | Phillips Edison & Co Inc                         | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               |  | US        |    169963 | NS      | $5743049.77   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                          | American Homes 4 Rent                            | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |    467289 | NS      | $16210255.41  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties Inc           | Innovative Industrial Properties Inc             | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               |  | US        |     37878 | NS      | $1958292.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc              | Gaming and Leisure Properties Inc                | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |    360905 | NS      | $16450049.90  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co                     | DiamondRock Hospitality Co                       | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               |  | US        |    278212 | NS      | $2147796.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                            | Acadia Realty Trust                              | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               |  | US        |    179292 | NS      | $3356346.24   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc                  | Empire State Realty Trust Inc                    | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               |  | US        |    183532 | NS      | $1328771.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                   | Rayonier Inc                                     | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               |  | US        |    213139 | NS      | $4968270.09   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                            | Terreno Realty Corp                              | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |    137967 | NS      | $7655788.83   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                                   | Safehold Inc                                     | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               |  | US        |     76268 | NS      | $1066989.32   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp                     | InvenTrust Properties Corp                       | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               |  | US        |    106149 | NS      | $2926527.93   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                     | Xenia Hotels & Resorts Inc                       | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               |  | US        |    137035 | NS      | $1741714.85   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                            | American Tower Corp                              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    639670 | NS      | $133300831.30 | 7.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                        | Kite Realty Group Trust                          | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               |  | US        |    297571 | NS      | $6540610.58   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust                | Federal Realty Investment Trust                  | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               |  | US        |    116543 | NS      | $10740602.88  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc            | Alexandria Real Estate Equities Inc              | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |    234546 | NS      | $17926350.78  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Braemar Hotels & Resorts Inc                   | Braemar Hotels & Resorts Inc                     | CUSIP: 10482B101<br>LEI: 549300JDUUEBN868C776 | Long             | EC               |  | US        |     88259 | NS      | $194169.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                        | Brandywine Realty Trust                          | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               |  | US        |    228152 | NS      | $912608.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc               | Ryman Hospitality Properties Inc                 | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |     79387 | NS      | $7546528.22   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Healthcare Trust                   | Diversified Healthcare Trust                     | CUSIP: 25525P107<br>LEI: N/A                  | Long             | EC               |  | US        |    288922 | NS      | $944774.94    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                           | JBG SMITH Properties                             | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               |  | US        |     98443 | NS      | $2085022.74   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                      | American Assets Trust Inc                        | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               |  | US        |     70631 | NS      | $1344107.93   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Commercial Corp                      | Gladstone Commercial Corp                        | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               |  | US        |     62153 | NS      | $817311.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage Inc                                    | Lineage Inc                                      | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               |  | US        |     96942 | NS      | $4183047.30   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                           | Lamar Advertising Co                             | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |    119881 | NS      | $14655452.25  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                               | Crown Castle Inc                                 | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    593313 | NS      | $62351263.17  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                     | Brixmor Property Group Inc                       | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |    417158 | NS      | $10900338.54  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                             | LTC Properties Inc                               | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               |  | US        |     61814 | NS      | $2104148.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                        | COPT Defense Properties                          | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |    153222 | NS      | $4179896.16   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & Associates Properties Inc                | CBL & Associates Properties Inc                  | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               |  | US        |     24339 | NS      | $658613.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                 | Public Storage                                   | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |    215984 | NS      | $58734688.96  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                                  | DOUGLAS EMMETT REIT INC                          | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DE               |  | US        |      9265 | OU      | $140457.40    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| American Healthcare REIT Inc                   | American Healthcare REIT Inc                     | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               |  | US        |    214801 | NS      | $8299910.64   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc                        | Millrose Properties Inc                          | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               |  | US        |    162513 | NS      | $4873764.87   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Bank USA                         | DOUGLAS EMMETT REIT INC                          | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DE               |  | US        |      8028 | OU      | $121704.48    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts Inc                      | Host Hotels & Resorts Inc                        | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |    938158 | NS      | $14747843.76  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                   | Sunstone Hotel Investors Inc                     | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               |  | US        |    257063 | NS      | $2249301.25   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Peakstone Realty Trust                         | Peakstone Realty Trust                           | CUSIP: 39818P799<br>LEI: 549300EZQXWQI2YL1T80 | Long             | EC               |  | US        |     51463 | NS      | $699896.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc                   | Plymouth Industrial REIT Inc                     | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               |  | US        |     55824 | NS      | $810564.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                 | EPR Properties                                   | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |    102384 | NS      | $5635215.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                       | Broadstone Net Lease Inc                         | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               |  | US        |    255947 | NS      | $4156579.28   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                             | Douglas Emmett Inc                               | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               |  | US        |    196751 | NS      | $2982745.16   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                               | Elme Communities                                 | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               |  | US        |    118285 | NS      | $1783737.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                     | Sabra Health Care REIT Inc                       | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |    323027 | NS      | $5824176.81   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NET Lease Office Properties                    | NET Lease Office Properties                      | CUSIP: 64110Y108<br>LEI: N/A                  | Long             | EC               |  | US        |     20049 | NS      | $665426.31    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                              | Kimco Realty Corp                                | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               | CORP              | US        |    913758 | NS      | $19399082.34  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                        | Pebblebrook Hotel Trust                          | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               |  | US        |    160501 | NS      | $1609825.03   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc                        | Alexander & Baldwin Inc                          | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               |  | US        |     97830 | NS      | $1758983.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc                 | Community Healthcare Trust Inc                   | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               |  | US        |     36584 | NS      | $562296.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc              | First Industrial Realty Trust Inc                | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |    174455 | NS      | $8499447.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc                  | National Health Investors Inc                    | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               |  | US        |     62792 | NS      | $4386649.12   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc                  | Hudson Pacific Properties Inc                    | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               |  | US        |    425791 | NS      | $1043187.95   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                       | Essex Property Trust Inc                         | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     87150 | NS      | $22674687.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                          | Camden Property Trust                            | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |    146998 | NS      | $16052181.60  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's Inc                                | Alexander's Inc                                  | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               |  | US        |      2882 | NS      | $723929.58    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                              | Iron Mountain Inc                                | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |    401197 | NS      | $39060539.92  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                           | Vornado Realty Trust                             | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |    240403 | NS      | $9236283.26   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp                       | Curbline Properties Corp                         | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               |  | US        |    132548 | NS      | $2929310.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpine Income Property Trust Inc               | Alpine Income Property Trust Inc                 | CUSIP: 02083X103<br>LEI: N/A                  | Long             | EC               |  | US        |     18429 | NS      | $258927.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                                | Macerich Co/The                                  | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    341663 | NS      | $5709188.73   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                        | SBA Communications Corp                          | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |    146839 | NS      | $32997660.08  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc                    | Summit Hotel Properties Inc                      | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               |  | US        |    151608 | NS      | $791393.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Investment and Management Co         | Apartment Investment and Management Co           | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               |  | US        |    175944 | NS      | $1479689.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Realty Trust Inc                      | Piedmont Realty Trust Inc                        | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               |  | US        |    165937 | NS      | $1254483.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                      | AvalonBay Communities Inc                        | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |    194470 | NS      | $36225871.60  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                              | Getty Realty Corp                                | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               |  | US        |     70482 | NS      | $1958694.78   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp                            | PotlatchDeltic Corp                              | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               |  | US        |    105066 | NS      | $4296148.74   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                          | Urban Edge Properties                            | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               |  | US        |    172825 | NS      | $3408109.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FrontView REIT Inc                             | FrontView REIT Inc                               | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               |  | US        |     24022 | NS      | $282738.94    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                     | Apple Hospitality REIT Inc                       | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               |  | US        |    304210 | NS      | $3574467.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Logistics Properties Trust          | Industrial Logistics Properties Trust            | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               |  | US        |     71258 | NS      | $379092.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust              | National Storage Affiliates Trust                | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               |  | US        |     96260 | NS      | $2835819.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                             | Kilroy Realty Corp                               | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |    160938 | NS      | $5932174.68   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Group Inc                            | Paramount Group Inc                              | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               |  | US        |    255262 | NS      | $1562203.44   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                            | VICI Properties Inc                              | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |   1444215 | NS      | $47081409.00  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Merrill Lynch International                    | DOUGLAS EMMETT REIT INC                          | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DE               |  | US        |      6035 | OU      | $91490.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NETSTREIT Corp                                 | NETSTREIT Corp                                   | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |    110682 | NS      | $2017732.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                       | Simon Property Group Inc                         | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |    443059 | NS      | $72568633.61  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT Inc                | Smartstop Self Storage REIT Inc                  | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               |  | US        |     37705 | NS      | $1277445.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | DJ US REAL ESTATE SEP25                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               |  | US        |       365 | NC      | $-86573.09    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Service Properties Trust                       | Service Properties Trust                         | CUSIP: 81761L102<br>LEI: 529900IS770AG1K9QG27 | Long             | EC               |  | US        |    216264 | NS      | $568774.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chatham Lodging Trust                          | Chatham Lodging Trust                            | CUSIP: 16208T102<br>LEI: N/A                  | Long             | EC               |  | US        |     65712 | NS      | $448155.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                           | LXP Industrial Trust                             | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               |  | US        |    397126 | NS      | $3081697.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                              | Agree Realty Corp                                | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |    148337 | NS      | $10635762.90  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                                   | NNN REIT Inc                                     | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |    256154 | NS      | $10568914.04  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc                  | Armada Hoffler Properties Inc                    | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               |  | US        |    107065 | NS      | $731253.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust Inc                 | NexPoint Residential Trust Inc                   | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               |  | US        |     29624 | NS      | $923676.32    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                       | EastGroup Properties Inc                         | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     71395 | NS      | $11654519.80  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc                   | Medical Properties Trust Inc                     | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               |  | US        |    684774 | NS      | $2821268.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust Inc                        | Postal Realty Trust Inc                          | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               |  | US        |     32254 | NS      | $442202.34    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc          | Mid-America Apartment Communities Inc            | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |    159110 | NS      | $22662037.30  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                       | Digital Realty Trust Inc                         | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |    461260 | NS      | $81384714.40  | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                          | Veris Residential Inc                            | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               |  | US        |    105574 | NS      | $1486481.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                            | STAG Industrial Inc                              | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |    254448 | NS      | $8735199.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                                | Uniti Group Inc                                  | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               |  | US        |    315442 | NS      | $1678151.44   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                | Weyerhaeuser Co                                  | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |    991099 | NS      | $24827029.95  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                        | Extra Space Storage Inc                          | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    288084 | NS      | $38706966.24  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                  | Rexford Industrial Realty Inc                    | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |    324564 | NS      | $11856322.92  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                           | SL Green Realty Corp                             | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               |  | US        |     96732 | NS      | $5537907.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Land Corp                            | Gladstone Land Corp                              | CUSIP: 376549101<br>LEI: 54930002B3Q17H38FG74 | Long             | EC               |  | US        |     48026 | NS      | $441839.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                    | Healthcare Realty Trust Inc                      | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |    446964 | NS      | $6865367.04   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| City Office REIT Inc                           | City Office REIT Inc                             | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               |  | US        |     54484 | NS      | $378118.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                    | Equinix Inc                                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |    133645 | NS      | $104934044.65 | 5.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                      | Healthpeak Properties Inc                        | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |    947912 | NS      | $16057629.28  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                         | Cousins Properties Inc                           | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |    229039 | NS      | $6206956.90   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                | Equity LifeStyle Properties Inc                  | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |    259293 | NS      | $15536836.56  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                             | CareTrust REIT Inc                               | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |    254889 | NS      | $8105470.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO Realty Growth Inc                          | CTO Realty Growth Inc                            | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               |  | US        |     40083 | NS      | $661770.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc                      | Park Hotels & Resorts Inc                        | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               |  | US        |    269912 | NS      | $2877261.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                           | Invitation Homes Inc                             | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               |  | US        |    836689 | NS      | $25644517.85  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | BlackRock Cash Funds: Treasury, SL Agency Shares | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  10917439 | NS      | $10917438.85  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer