# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0000940400-26-014718
**Filing Date:** 2026-4
**Character Count:** 133742
**Document Hash:** 2dd105593b035b6a6fc34ba5106ef4d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014718.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014718

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260531

**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:** 26893042

**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 HIGH EQUITY INCOME FUND (Series ID: S000001509)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000004057 | INSTITUTIONAL | BMCIX           |
| C000004059 | INVESTOR A    | BMEAX           |
| C000004061 | INVESTOR C    | BMECX           |
| C000219259 | Class K       |  |

## Nport-Ex

Schedule of Investments (unaudited)

February 28, 2026

**BlackRock High Equity Income Fund**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | <br>*Shares*<br>| *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Aerospace & Defense — 2.0%** | **Aerospace & Defense — 2.0%** | **Aerospace & Defense — 2.0%** |
| Airbus SE | 17466 | $3792793 |
| Boeing Co. (The)<sup>(a)</sup> | 53044 | 12069101 |
| L3Harris Technologies, Inc. | 20277 | 7391778 |
| Lockheed Martin Corp. | 10246 | 6742688 |
| RTX Corp. | 28972 | 5870307 |
| Textron, Inc. | 65111 | 6423200 |
|  |  | 42289867 |
| **Air Freight & Logistics — 0.9%** | **Air Freight & Logistics — 0.9%** | **Air Freight & Logistics — 0.9%** |
| FedEx Corp. | 47869 | 18525303 |
| **Automobile Components — 0.3%** | **Automobile Components — 0.3%** | **Automobile Components — 0.3%** |
| Aptiv PLC<sup>(a)</sup> | 80721 | 5936222 |
| **Banks — 6.1%** | **Banks — 6.1%** | **Banks — 6.1%** |
| Bank of America Corp. | 141374 | 7044667 |
| Citigroup, Inc. | 492910 | 54313753 |
| Citizens Financial Group, Inc. | 258796 | 15576931 |
| First Citizens BancShares, Inc., Class A | 14102 | 26767711 |
| Flagstar Bank N.A. | 245645 | 3117235 |
| Wells Fargo & Co. | 256725 | 20910251 |
|  |  | 127730548 |
| **Beverages — 1.0%** | **Beverages — 1.0%** | **Beverages — 1.0%** |
| Keurig Dr. Pepper, Inc. | 431525 | 13066577 |
| PepsiCo, Inc. | 44876 | 7617252 |
|  |  | 20683829 |
| **Broadline Retail — 1.9%** | **Broadline Retail — 1.9%** | **Broadline Retail — 1.9%** |
| Amazon.com, Inc.<sup>(a)</sup> | 150502 | 31605420 |
| PDD Holdings, Inc., ADR<sup>(a)</sup> | 83926 | 8705644 |
|  |  | 40311064 |
| **Building Products — 0.9%** | **Building Products — 0.9%** | **Building Products — 0.9%** |
| Fortune Brands Innovations, Inc. | 354779 | 19278691 |
| **Capital Markets — 2.7%** | **Capital Markets — 2.7%** | **Capital Markets — 2.7%** |
| Carlyle Group, Inc. (The) | 133536 | 6942536 |
| Charles Schwab Corp. (The) | 232115 | 22097348 |
| Intercontinental Exchange, Inc. | 161552 | 26515530 |
|  |  | 55555414 |
| **Chemicals — 1.1%** | **Chemicals — 1.1%** | **Chemicals — 1.1%** |
| Air Products & Chemicals, Inc. | 31268 | 8619650 |
| PPG Industries, Inc. | 116052 | 14305730 |
|  |  | 22925380 |
| **Commercial Services & Supplies — 0.8%** | **Commercial Services & Supplies — 0.8%** | **Commercial Services & Supplies — 0.8%** |
| Rentokil Initial PLC | 2574125 | 15903800 |
| **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** |
| Capital One Financial Corp. | 26039 | 5094270 |
| **Consumer Staples Distribution & Retail — 1.3%** | **Consumer Staples Distribution & Retail — 1.3%** | **Consumer Staples Distribution & Retail — 1.3%** |
| Dollar General Corp. | 169164 | 26430183 |
| **Containers & Packaging — 0.6%** | **Containers & Packaging — 0.6%** | **Containers & Packaging — 0.6%** |
| Crown Holdings, Inc. | 105370 | 12075402 |
| **Diversified Telecommunication Services — 0.9%** | **Diversified Telecommunication Services — 0.9%** | **Diversified Telecommunication Services — 0.9%** |
| Comcast Corp., Class A | 368387 | 11405262 |
| Verizon Communications, Inc. | 149729 | 7507412 |
|  |  | 18912674 |
| **Electric Utilities — 1.4%** | **Electric Utilities — 1.4%** | **Electric Utilities — 1.4%** |
| American Electric Power Co., Inc. | 72600 | 9715332 |
| Evergy, Inc. | 233378 | 19524404 |
|  |  | 29239736 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Electronic Equipment, Instruments & Components — 0.9%** | **Electronic Equipment, Instruments & Components — 0.9%** | **Electronic Equipment, Instruments & Components — 0.9%** |
| CDW Corp. | 132055 | $16195225 |
| Ralliant Corp. | 77033 | 3535045 |
|  |  | 19730270 |
| **Entertainment — 0.8%** | **Entertainment — 0.8%** | **Entertainment — 0.8%** |
| Walt Disney Co. (The) | 156206 | 16564084 |
| **Financial Services — 1.1%** | **Financial Services — 1.1%** | **Financial Services — 1.1%** |
| Fidelity National Information Services, Inc. | 428706 | 21846858 |
| Voya Financial, Inc. | 31654 | 2117019 |
|  |  | 23963877 |
| **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** |
| Campbell's Co. (The) | 254840 | 6867938 |
| Kraft Heinz Co. (The) | 11257 | 277035 |
| Lamb Weston Holdings, Inc. | 129254 | 6228750 |
|  |  | 13373723 |
| **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** |
| CSX Corp. | 85964 | 3669803 |
| Union Pacific Corp. | 11572 | 3066349 |
|  |  | 6736152 |
| **Health Care Equipment & Supplies — 3.2%** | **Health Care Equipment & Supplies — 3.2%** | **Health Care Equipment & Supplies — 3.2%** |
| Baxter International, Inc. | 1170108 | 23835100 |
| Becton Dickinson & Co. | 112204 | 19801762 |
| Medtronic PLC | 234287 | 22880468 |
|  |  | 66517330 |
| **Health Care Providers & Services — 3.2%** | **Health Care Providers & Services — 3.2%** | **Health Care Providers & Services — 3.2%** |
| Cardinal Health, Inc. | 87743 | 20113328 |
| CVS Health Corp. | 408169 | 32612703 |
| Elevance Health, Inc. | 45597 | 14591040 |
|  |  | 67317071 |
| **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** | **Health Care REITs — 0.3%** |
| Healthcare Realty Trust, Inc. | 388483 | 7167511 |
| **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** |
| Sodexo SA | 110590 | 6053374 |
| **Household Products — 0.8%** | **Household Products — 0.8%** | **Household Products — 0.8%** |
| Henkel AG & Co. KGaA, NVS | 162993 | 15987751 |
| **Industrial REITs — 0.8%** | **Industrial REITs — 0.8%** | **Industrial REITs — 0.8%** |
| Rexford Industrial Realty, Inc. | 243181 | 9111992 |
| STAG Industrial, Inc. | 171539 | 6727760 |
|  |  | 15839752 |
| **Insurance — 1.2%** | **Insurance — 1.2%** | **Insurance — 1.2%** |
| American International Group, Inc. | 65932 | 5306867 |
| Arthur J. Gallagher & Co. | 45894 | 10473011 |
| Fidelity National Financial, Inc., Class A | 197373 | 10437084 |
|  |  | 26216962 |
| **Interactive Media & Services — 2.2%** | **Interactive Media & Services — 2.2%** | **Interactive Media & Services — 2.2%** |
| Alphabet, Inc., Class C, NVS | 93128 | 29002853 |
| Meta Platforms, Inc., Class A | 25212 | 16341914 |
|  |  | 45344767 |
| **Leisure Products — 0.5%** | **Leisure Products — 0.5%** | **Leisure Products — 0.5%** |
| Hasbro, Inc. | 99238 | 9883112 |
| **Machinery — 0.9%** | **Machinery — 0.9%** | **Machinery — 0.9%** |
| CNH Industrial NV | 423004 | 5202949 |
| Fortive Corp. | 135705 | 8033736 |
| Middleby Corp. (The)<sup>(a)</sup> | 36924 | 6234987 |
|  |  | 19471672 |
| **Media — 0.7%** | **Media — 0.7%** | **Media — 0.7%** |
| WPP PLC | 3911793 | 14465142 |

---

------

Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock High Equity Income Fund**

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Metals & Mining — 1.6%** | **Metals & Mining — 1.6%** | **Metals & Mining — 1.6%** |
| Barrick Mining Corp. | 120963 | $6137663 |
| Freeport-McMoRan, Inc. | 78363 | 5334953 |
| Teck Resources Ltd., Class B | 359268 | 21157292 |
|  |  | 32629908 |
| **Multi-Utilities — 1.8%** | **Multi-Utilities — 1.8%** | **Multi-Utilities — 1.8%** |
| Dominion Energy, Inc. | 305422 | 19284345 |
| DTE Energy Co. | 124821 | 18503465 |
|  |  | 37787810 |
| **Oil, Gas & Consumable Fuels — 3.8%** | **Oil, Gas & Consumable Fuels — 3.8%** | **Oil, Gas & Consumable Fuels — 3.8%** |
| BP PLC | 4329834 | 28063427 |
| Chevron Corp. | 53519 | 9995209 |
| EQT Corp. | 211648 | 12999420 |
| Marathon Petroleum Corp. | 24315 | 4819476 |
| Shell PLC | 202720 | 8490496 |
| Tourmaline Oil Corp. | 326543 | 15330680 |
|  |  | 79698708 |
| **Pharmaceuticals — 2.0%** | **Pharmaceuticals — 2.0%** | **Pharmaceuticals — 2.0%** |
| Bayer AG, Registered Shares | 143742 | 7112475 |
| Johnson & Johnson | 36068 | 8960373 |
| Merck & Co., Inc. | 205022 | 25385824 |
|  |  | 41458672 |
| **Professional Services — 1.4%** | **Professional Services — 1.4%** | **Professional Services — 1.4%** |
| Maximus, Inc. | 71212 | 5384339 |
| SS&C Technologies Holdings, Inc. | 314350 | 23667412 |
|  |  | 29051751 |
| **Residential REITs — 0.4%** | **Residential REITs — 0.4%** | **Residential REITs — 0.4%** |
| AvalonBay Communities, Inc. | 44127 | 7820628 |
| **Semiconductors & Semiconductor Equipment — 1.9%** | **Semiconductors & Semiconductor Equipment — 1.9%** | **Semiconductors & Semiconductor Equipment — 1.9%** |
| Applied Materials, Inc. | 21791 | 8112789 |
| NVIDIA Corp. | 23950 | 4243700 |
| Texas Instruments, Inc. | 132423 | 28088243 |
|  |  | 40444732 |
| **Software — 2.0%** | **Software — 2.0%** | **Software — 2.0%** |
| Microsoft Corp. | 90498 | 35542184 |
| Workday, Inc., Class A<sup>(a)</sup> | 50180 | 6712077 |
|  |  | 42254261 |
| **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** |
| Crown Castle, Inc. | 53293 | 4771855 |
| **Specialty Retail — 0.5%** | **Specialty Retail — 0.5%** | **Specialty Retail — 0.5%** |
| Home Depot, Inc. (The) | 26295 | 10011032 |
| **Technology Hardware, Storage & Peripherals — 5.6%** | **Technology Hardware, Storage & Peripherals — 5.6%** | **Technology Hardware, Storage & Peripherals — 5.6%** |
| Hewlett Packard Enterprise Co. | 684788 | 14702398 |
| &nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd., Registered Shares, <br> GDR<br>| 21931 | 79546054 |
| Western Digital Corp. | 85035 | 23784290 |
|  |  | 118032742 |
| **Textiles, Apparel & Luxury Goods — 0.6%** | **Textiles, Apparel & Luxury Goods — 0.6%** | **Textiles, Apparel & Luxury Goods — 0.6%** |
| Swatch Group AG (The) | 47461 | 12142499 |
| **Tobacco — 0.6%** | **Tobacco — 0.6%** | **Tobacco — 0.6%** |
| British American Tobacco PLC | 207059 | 12929881 |
| **Trading Companies & Distributors — 1.5%** | **Trading Companies & Distributors — 1.5%** | **Trading Companies & Distributors — 1.5%** |
| WESCO International, Inc. | 109232 | 31622664 |
| **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** |
| Rogers Communications, Inc., Class B, NVS | 129902 | 5186987 |
| **Total Common Stocks — 64.0%** <br>**(Cost: $1,071,276,094)** | **Total Common Stocks — 64.0%** <br>**(Cost: $1,071,276,094)** | 1341369063 |

---

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **Equity-Linked Notes** | **Equity-Linked Notes** | **Equity-Linked Notes** | **Equity-Linked Notes** |
| **Aerospace & Defense — 2.0%** | **Aerospace & Defense — 2.0%** | **Aerospace & Defense — 2.0%** | **Aerospace & Defense — 2.0%** |
| &nbsp;&nbsp;&nbsp; CIBC World Markets Corp. (RTX Corp.) 20.50% <br> 03/05/26<br>| USD  | 21400 | $4289883 |
| &nbsp;&nbsp;&nbsp; JP Morgan Securities LLC (Airbus SE) Series Emts <br> 22.37% 04/16/26<br>| EUR  | 12800 | 2765360 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (Lockheed Martin Corp.) <br> 19.86% 03/19/26<br>| USD  | 7500 | 4628369 |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (L3Harris <br> Technologies, Inc.) 17.36% 03/26/26<br>|  | 19500 | 6940526 |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Boeing Co. (The)) 27.19% <br> 03/02/26<br>|  | 39200 | 9023674 |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Textron, Inc.) 16.11% <br> 03/16/26<br>|  | 48000 | 4625640 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (Boeing Co. (The)) <br> 25.24% 04/13/26<br>|  | 39200 | 8992872 |
|  |  |  | 41266324 |
| **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (FedEx Corp.) 20.85% <br> 03/12/26<br>|  | 14700 | 4631157 |
| **Automobile Components — 0.4%** | **Automobile Components — 0.4%** | **Automobile Components — 0.4%** | **Automobile Components — 0.4%** |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Aptiv PLC) 25.42% <br> 03/02/26<br>|  | 59600 | 4608487 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (Aptiv PLC) 24.25% <br> 04/13/26<br>|  | 59600 | 4591584 |
|  |  |  | 9200071 |
| **Banks — 2.3%** | **Banks — 2.3%** | **Banks — 2.3%** | **Banks — 2.3%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Citizens <br> Financial Group, Inc.) 24.04% 03/05/26<br>|  | 79300 | 4771462 |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Flagstar Bank N.A.) <br> 25.08% 03/02/26<br>|  | 293300 | 3986583 |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Wells Fargo & Co.) <br> 21.00% 03/16/26<br>|  | 189600 | 15593816 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (First Citizens <br> BancShares, Inc.) 13.97% 04/02/26<br>|  | 10400 | 20026393 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (Flagstar Bank N.A.) <br> 23.97% 04/13/26<br>|  | 293300 | 3974215 |
|  |  |  | 48352469 |
| **Beverages — 0.6%** | **Beverages — 0.6%** | **Beverages — 0.6%** | **Beverages — 0.6%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Keurig Dr. <br> Pepper, Inc.) 20.06% 03/16/26<br>|  | 258900 | 7395154 |
| &nbsp;&nbsp;&nbsp; JP Morgan Securities LLC (PepsiCo, Inc.) <br> Series Emtu 21.54% 04/09/26<br>|  | 33100 | 5474430 |
|  |  |  | 12869584 |
| **Broadline Retail — 1.1%** | **Broadline Retail — 1.1%** | **Broadline Retail — 1.1%** | **Broadline Retail — 1.1%** |
| &nbsp;&nbsp;&nbsp; Goldman Sachs & Co. LLC (Amazon.com, Inc.) <br> 24.64% 03/30/26<br>|  | 111100 | 23932785 |
| **Building Products — 0.6%** | **Building Products — 0.6%** | **Building Products — 0.6%** | **Building Products — 0.6%** |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Fortune Brands <br> Innovations, Inc.) 27.48% 03/05/26<br>|  | 212800 | 11626953 |
| **Capital Markets — 1.2%** | **Capital Markets — 1.2%** | **Capital Markets — 1.2%** | **Capital Markets — 1.2%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Carlyle Group, <br> Inc. (The)) 28.20% 03/19/26<br>|  | 98700 | 5223192 |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Charles Schwab <br> Corp. (The)) 19.80% 03/05/26<br>|  | 62200 | 5939763 |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Intercontinental <br> Exchange, Inc.) 13.94% 03/16/26<br>|  | 86900 | 14355812 |
|  |  |  | 25518767 |

---

------

Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock High Equity Income Fund**

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Chemicals — 1.1%** | **Chemicals — 1.1%** | **Chemicals — 1.1%** | **Chemicals — 1.1%** |
| &nbsp;&nbsp;&nbsp; CIBC World Markets Corp. (Air Products & <br> Chemicals, Inc.) 15.30% 03/05/26<br>| USD  | 28300 | $7786789 |
| &nbsp;&nbsp;&nbsp; CIBC World Markets Corp. (PPG Industries, Inc.) <br> (N/A + 0.00%) 17.35% 04/02/26<br>|  | 73900 | 9186020 |
| &nbsp;&nbsp;&nbsp; UBS Securities LLC (LyondellBasell Industries NV) <br> 18.70% 03/05/26<br>|  | 94800 | 5232328 |
|  |  |  | 22205137 |
| **Commercial Services & Supplies — 0.6%** | **Commercial Services & Supplies — 0.6%** | **Commercial Services & Supplies — 0.6%** | **Commercial Services & Supplies — 0.6%** |
| &nbsp;&nbsp;&nbsp; Barclays Capital, Inc. (Rentokil Initial PLC) 19.08% <br> 03/23/26<br>| GBP  | 1902500 | 11667747 |
| **Communications Equipment — 0.4%** | **Communications Equipment — 0.4%** | **Communications Equipment — 0.4%** | **Communications Equipment — 0.4%** |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (Cisco Systems, Inc.) <br> 30.47% 03/30/26<br>| USD  | 100700 | 8160523 |
| **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** | **Consumer Finance — 0.2%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Capital One <br> Financial Corp.) 16.98% 03/26/26<br>|  | 19200 | 3789165 |
| **Consumer Staples Distribution & Retail — 1.1%** | **Consumer Staples Distribution & Retail — 1.1%** | **Consumer Staples Distribution & Retail — 1.1%** | **Consumer Staples Distribution & Retail — 1.1%** |
| &nbsp;&nbsp;&nbsp; Barclays Capital, Inc. (Dollar General Corp.) 26.01% <br> 04/06/26<br>|  | 125000 | 19002668 |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Sysco Corp.) <br> 11.99% 03/19/26<br>|  | 61000 | 4854121 |
|  |  |  | 23856789 |
| **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (Crown <br> Holdings, Inc.) 22.64% 03/26/26<br>|  | 64300 | 6865672 |
| **Diversified Telecommunication Services — 1.0%** | **Diversified Telecommunication Services — 1.0%** | **Diversified Telecommunication Services — 1.0%** | **Diversified Telecommunication Services — 1.0%** |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (Comcast Corp.) <br> 29.64% 03/02/26<br>|  | 276900 | 8252900 |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Verizon Communications, <br> Inc.) 13.37% 03/16/26<br>|  | 110600 | 4474653 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (Comcast Corp.) <br> 29.87% 04/13/26<br>|  | 272200 | 8425134 |
|  |  |  | 21152687 |
| **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Evergy, Inc.) <br> 9.30% 03/05/26<br>|  | 97200 | 7406335 |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (American Electric Power <br> Co., Inc.) 18.02% 03/12/26<br>|  | 32200 | 3976329 |
|  |  |  | 11382664 |
| **Electronic Equipment, Instruments & Components — 1.1%** | **Electronic Equipment, Instruments & Components — 1.1%** | **Electronic Equipment, Instruments & Components — 1.1%** | **Electronic Equipment, Instruments & Components — 1.1%** |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (CDW Corp.) <br> 25.62% 03/02/26<br>|  | 64100 | 7937154 |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (Ralliant Corp.) <br> 21.30% 03/26/26<br>|  | 56900 | 2630354 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (CDW Corp.) 36.28% <br> 04/13/26<br>|  | 97600 | 12042864 |
|  |  |  | 22610372 |
| **Entertainment — 0.4%** | **Entertainment — 0.4%** | **Entertainment — 0.4%** | **Entertainment — 0.4%** |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (Walt Disney Co. (The)) <br> 17.60% 03/19/26<br>|  | 79500 | 8526937 |
| **Financial Services — 0.9%** | **Financial Services — 0.9%** | **Financial Services — 0.9%** | **Financial Services — 0.9%** |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (Fidelity <br> National Information Services, Inc.) 28.15% <br> 04/09/26<br>|  | 275900 | 13749166 |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (Voya Financial, <br> Inc.) 25.83% 03/12/26<br>|  | 84400 | 5672460 |
|  |  |  | 19421626 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** |
| &nbsp;&nbsp;&nbsp; CIBC World Markets Corp. (Campbell's Co. (The)) <br> 20.15% 03/05/26<br>| USD  | 188300 | $5003979 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (Lamb Weston Holdings, <br> Inc.) 22.19% 03/19/26<br>|  | 95400 | 4402782 |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (Kraft Heinz Co. <br> (The)) 24.76% 03/26/26<br>|  | 159200 | 3764316 |
|  |  |  | 13171077 |
| **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** | **Ground Transportation — 0.4%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (CSX Corp.) <br> 23.94% 03/02/26<br>|  | 68100 | 2435255 |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (Union Pacific <br> Corp.) 24.03% 03/09/26<br>|  | 14300 | 3353279 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (CSX Corp.) 21.84% <br> 04/13/26<br>|  | 63500 | 2711215 |
|  |  |  | 8499749 |
| **Health Care Equipment & Supplies — 2.3%** | **Health Care Equipment & Supplies — 2.3%** | **Health Care Equipment & Supplies — 2.3%** | **Health Care Equipment & Supplies — 2.3%** |
| &nbsp;&nbsp;&nbsp; Goldman Sachs & Co. LLC (Becton Dickinson & Co.) <br> 21.84% 03/30/26<br>|  | 82800 | 17701091 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (Medtronic PLC) 13.75% <br> 03/16/26<br>|  | 173000 | 17018434 |
| &nbsp;&nbsp;&nbsp; UBS Securities LLC (Baxter International, Inc.) <br> 25.70% 03/12/26<br>|  | 702000 | 14151347 |
|  |  |  | 48870872 |
| **Health Care Providers & Services — 2.2%** | **Health Care Providers & Services — 2.2%** | **Health Care Providers & Services — 2.2%** | **Health Care Providers & Services — 2.2%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Centene Corp.) <br> 38.19% 03/02/26<br>|  | 69800 | 3013045 |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Elevance <br> Health, Inc.) 17.26% 03/26/26<br>|  | 31400 | 10081562 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets, Inc. (Cardinal Health, Inc.) <br> 22.89% 04/09/26<br>|  | 64700 | 14748368 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (CVS Health Corp.) 27.41% <br> 03/12/26<br>|  | 219900 | 17672023 |
|  |  |  | 45514998 |
| **Health Care REITs — 0.2%** | **Health Care REITs — 0.2%** | **Health Care REITs — 0.2%** | **Health Care REITs — 0.2%** |
| &nbsp;&nbsp;&nbsp; Barclays Capital, Inc. (Healthcare Realty Trust, Inc.) <br> 23.19% 03/09/26<br>|  | 287000 | 4997964 |
| **Hotels, Restaurants & Leisure — 0.2%** | **Hotels, Restaurants & Leisure — 0.2%** | **Hotels, Restaurants & Leisure — 0.2%** | **Hotels, Restaurants & Leisure — 0.2%** |
| &nbsp;&nbsp;&nbsp; HSBC Securities (USA), Inc. (Sodexo SA) <br> Series 005c 17.45% 03/23/26<br>| EUR  | 81600 | 4216786 |
| **Household Products — 0.6%** | **Household Products — 0.6%** | **Household Products — 0.6%** | **Household Products — 0.6%** |
| &nbsp;&nbsp;&nbsp; UBS Securities LLC (Henkel AG & Co. KGaA) <br> 19.25% 04/16/26<br>|  | 120400 | 11789471 |
| **Industrial REITs — 0.6%** | **Industrial REITs — 0.6%** | **Industrial REITs — 0.6%** | **Industrial REITs — 0.6%** |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (Rexford Industrial Realty, <br> Inc.) 24.00% 03/09/26<br>| USD  | 179700 | 6790143 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (STAG Industrial, Inc.) <br> 10.81% 03/19/26<br>|  | 126700 | 4796428 |
|  |  |  | 11586571 |
| **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** | **Insurance — 0.9%** |
| &nbsp;&nbsp;&nbsp; Barclays Capital, Inc. (Arthur J. Gallagher & Co.) <br> 25.60% 04/06/26<br>|  | 33800 | 7330644 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (Fidelity National <br> Financial, Inc.) 25.91% 03/09/26<br>|  | 43100 | 2281082 |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (American <br> International Group, Inc.) 26.47% 04/07/26<br>|  | 48700 | 3858223 |
| &nbsp;&nbsp;&nbsp; UBS Securities LLC (Fidelity National Financial, Inc.) <br> 21.60% 03/12/26<br>|  | 102700 | 5384846 |
|  |  |  | 18854795 |

---

------

Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock High Equity Income Fund**

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Interactive Media & Services — 1.2%** | **Interactive Media & Services — 1.2%** | **Interactive Media & Services — 1.2%** | **Interactive Media & Services — 1.2%** |
| &nbsp;&nbsp;&nbsp; Barclays Capital, Inc. (Meta Platforms, Inc.) 19.07% <br> 03/09/26<br>| USD  | 13200 | $8517017 |
| &nbsp;&nbsp;&nbsp; CIBC World Markets Corp. (Alphabet, Inc.) 25.20% <br> 03/05/26<br>|  | 55200 | 17299609 |
|  |  |  | 25816626 |
| **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** | **IT Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (Cognizant <br> Technology Solutions Corp.) 19.67% 03/02/26<br>|  | 56000 | 3650326 |
| **Leisure Products — 0.4%** | **Leisure Products — 0.4%** | **Leisure Products — 0.4%** | **Leisure Products — 0.4%** |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets, Inc. (Hasbro, Inc.) 24.13% <br> 04/09/26<br>|  | 73200 | 7404923 |
| **Machinery — 0.7%** | **Machinery — 0.7%** | **Machinery — 0.7%** | **Machinery — 0.7%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (CNH Industrial <br> NV) 16.53% 03/19/26<br>|  | 356000 | 4157265 |
| &nbsp;&nbsp;&nbsp; JP Morgan Securities LLC (Middleby Corp. (The)) <br> Series Emtv 29.32% 04/09/26<br>|  | 27200 | 4563730 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (Fortive Corp.) 18.33% <br> 03/16/26<br>|  | 100200 | 5552189 |
|  |  |  | 14273184 |
| **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** | **Metals & Mining — 0.5%** |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Barrick Mining Corp.) <br> 37.80% 03/02/26<br>|  | 119000 | 5928770 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (Barrick Mining Corp.) <br> 38.88% 04/13/26<br>|  | 98900 | 4979615 |
|  |  |  | 10908385 |
| **Multi-Utilities — 0.8%** | **Multi-Utilities — 0.8%** | **Multi-Utilities — 0.8%** | **Multi-Utilities — 0.8%** |
| &nbsp;&nbsp;&nbsp; CIBC World Markets Corp. (DTE Energy Co.) 10.40% <br> 03/05/26<br>|  | 49600 | 6762799 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (Dominion Energy, Inc.) <br> 22.52% 03/09/26<br>|  | 168900 | 10342872 |
|  |  |  | 17105671 |
| **Oil, Gas & Consumable Fuels — 1.6%** | **Oil, Gas & Consumable Fuels — 1.6%** | **Oil, Gas & Consumable Fuels — 1.6%** | **Oil, Gas & Consumable Fuels — 1.6%** |
| Barclays Capital, Inc. (BP PLC) 24.26% 03/23/26 | GBP  | 2597900 | 16296940 |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (EQT Corp.) <br> 28.71% 03/12/26<br>| USD  | 129900 | 7386960 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (Marathon Petroleum <br> Corp.) 20.68% 04/13/26<br>|  | 17800 | 3579046 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (Chevron Corp.) 19.58% <br> 03/19/26<br>|  | 39500 | 6838921 |
|  |  |  | 34101867 |
| **Pharmaceuticals — 1.7%** | **Pharmaceuticals — 1.7%** | **Pharmaceuticals — 1.7%** | **Pharmaceuticals — 1.7%** |
| Barclays Capital, Inc. (Sanofi SA) 14.11% 03/23/26 | EUR  | 142700 | 13696264 |
| &nbsp;&nbsp;&nbsp; SG Americas Securities LLC (Merck & Co., Inc.) <br> 19.42% 04/02/26<br>| USD  | 139400 | 16901798 |
| UBS Securities LLC (Bayer AG) 25.79% 04/16/26 | EUR  | 106100 | 5242879 |
|  |  |  | 35840941 |
| **Professional Services — 1.3%** | **Professional Services — 1.3%** | **Professional Services — 1.3%** | **Professional Services — 1.3%** |
| &nbsp;&nbsp;&nbsp; BMO Capital Markets Corp. (SS&C Technologies <br> Holdings, Inc.) 24.24% 04/13/26<br>| USD  | 114700 | 8401491 |
| &nbsp;&nbsp;&nbsp; CIBC World Markets Corp. (Maximus, Inc.) 29.40% <br> 03/26/26<br>|  | 121400 | 9447888 |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (SS&C Technologies <br> Holdings, Inc.) 17.57% 03/16/26<br>|  | 117500 | 8908739 |
|  |  |  | 26758118 |
| **Residential REITs — 0.3%** | **Residential REITs — 0.3%** | **Residential REITs — 0.3%** | **Residential REITs — 0.3%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (AvalonBay <br> Communities, Inc.) 12.71% 03/05/26<br>|  | 32500 | 5769042 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par*<br> *(000)*<br>| *Value* |
| **Semiconductors & Semiconductor Equipment — 0.8%** | **Semiconductors & Semiconductor Equipment — 0.8%** | **Semiconductors & Semiconductor Equipment — 0.8%** | **Semiconductors & Semiconductor Equipment — 0.8%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (NVIDIA Corp.) <br> 29.21% 03/12/26<br>| USD  | 17700 | $3141061 |
| &nbsp;&nbsp;&nbsp; Mizuho Securities USA LLC (Applied Materials, Inc.) <br> 27.08% 04/09/26<br>|  | 16000 | 5915489 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (Texas Instruments, Inc.) <br> 27.21% 03/16/26<br>|  | 38600 | 7719916 |
|  |  |  | 16776466 |
| **Software — 0.9%** | **Software — 0.9%** | **Software — 0.9%** | **Software — 0.9%** |
| &nbsp;&nbsp;&nbsp; Barclays Capital, Inc. (Microsoft Corp.) 24.03% <br> 04/06/26<br>|  | 34600 | 13737042 |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Workday, Inc.) <br> 32.12% 03/26/26<br>|  | 37000 | 5058376 |
|  |  |  | 18795418 |
| **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** | **Specialized REITs — 0.2%** |
| &nbsp;&nbsp;&nbsp; UBS Securities LLC (Crown Castle, Inc.) 22.40% <br> 03/19/26<br>|  | 39300 | 3437715 |
| **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** | **Specialty Retail — 0.2%** |
| &nbsp;&nbsp;&nbsp; BNP Paribas Securities Corporation (Home Depot, <br> Inc. (The)) 27.04% 04/02/26<br>|  | 12300 | 4710491 |
| **Technology Hardware, Storage & Peripherals — 1.2%** | **Technology Hardware, Storage & Peripherals — 1.2%** | **Technology Hardware, Storage & Peripherals — 1.2%** | **Technology Hardware, Storage & Peripherals — 1.2%** |
| &nbsp;&nbsp;&nbsp; Mizuho Securities USA LLC (Western Digital Corp.) <br> 45.83% 04/02/26<br>|  | 62800 | 17346386 |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc. (Hewlett <br> Packard Enterprise Co.) 23.54% 03/09/26<br>|  | 410800 | 8799507 |
|  |  |  | 26145893 |
| **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** |
| &nbsp;&nbsp;&nbsp; RBC Capital Markets LLC (Swatch Group AG (The)) <br> 26.18% 04/16/26<br>| CHF  | 35000 | 9191000 |
| **Tobacco — 0.5%** | **Tobacco — 0.5%** | **Tobacco — 0.5%** | **Tobacco — 0.5%** |
| &nbsp;&nbsp;&nbsp; Barclays Capital, Inc. (British American Tobacco PLC) <br> 24.01% 04/16/26<br>| GBP  | 152900 | 9389958 |
| **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** | **Trading Companies & Distributors — 0.8%** |
| &nbsp;&nbsp;&nbsp; Morgan Stanley & Co. LLC (WESCO International, <br> Inc.) 26.54% 03/12/26<br>| USD  | 55300 | 15986085 |
| **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; Mizuho Securities USA LLC (Rogers <br> Communications, Inc.) 16.02% 03/26/26<br>|  | 95900 | 3759457 |
| **Total Equity-Linked Notes — 37.9%** <br>**(Cost: $804,930,553)** | **Total Equity-Linked Notes — 37.9%** <br>**(Cost: $804,930,553)** | **Total Equity-Linked Notes — 37.9%** <br>**(Cost: $804,930,553)** | 794361278 |
| **Total Long-Term Investments — 101.9%** <br>**(Cost: $1,876,206,647)** | **Total Long-Term Investments — 101.9%** <br>**(Cost: $1,876,206,647)** | **Total Long-Term Investments — 101.9%** <br>**(Cost: $1,876,206,647)** | 2135730341 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.3%** | **Money Market Funds — 0.3%** | **Money Market Funds — 0.3%** |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional <br> Shares, 3.56%<sup>(b)(c)</sup><br>| 5176859 | 5176859 |
| **Total Short-Term Securities — 0.3%** <br>**(Cost: $5,176,859)** | **Total Short-Term Securities — 0.3%** <br>**(Cost: $5,176,859)** | 5176859 |
| **Total Investments — 102.2%** <br>**(Cost: $1,881,383,506)** | **Total Investments — 102.2%** <br>**(Cost: $1,881,383,506)** | 2140907200 |
| **Liabilities in Excess of Other Assets — (2.2)%** | **Liabilities in Excess of Other Assets — (2.2)%** | (45845617)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $2095061583 |

---

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

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Affiliate of the Fund. <br> <sup>(c)</sup> Annualized 7-day yield as of period end.

------

Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock High Equity Income Fund**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended February 28, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*05/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Net* <br>*Realized* <br>*Gain* <br>*(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*02/28/26*<br>| *Shares* <br>*Held at* <br>*02/28/26*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, <br> SL Agency Shares<sup>(a)</sup><br>| &nbsp;&nbsp; $6296800<br>| &nbsp;&nbsp; $—<br> &nbsp;&nbsp; $(6297112 )<sup>(b)</sup><br>| &nbsp;&nbsp; $312 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; — | &nbsp;&nbsp; $9254 <br><sup>(c)</sup><br>| &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, <br> Institutional Shares<br>| &nbsp;&nbsp; 83051080<br>| &nbsp;&nbsp; —<br> &nbsp;&nbsp; (77874221 )<sup>(b)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5176859 | &nbsp;&nbsp; 5176859 | &nbsp;&nbsp; 2049874 | &nbsp;&nbsp; — |
|  |  |  | &nbsp;&nbsp; $312 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $5176859 |  | &nbsp;&nbsp; $2059128 | &nbsp;&nbsp; $— |

---

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

<sup>(a)</sup> As of period end, the entity is no longer held.

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

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

For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Fund for compliance purposes.

**Fair Value Hierarchy as of Period End**

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

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

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | &nbsp;&nbsp; $38497074 | &nbsp;&nbsp; $3792793 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $42289867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Freight & Logistics | &nbsp;&nbsp; 18525303 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 18525303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Automobile Components | &nbsp;&nbsp; 5936222 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5936222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | &nbsp;&nbsp; 127730548 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 127730548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beverages | &nbsp;&nbsp; 20683829 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 20683829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadline Retail | &nbsp;&nbsp; 40311064 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 40311064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Building Products | &nbsp;&nbsp; 19278691 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 19278691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Markets | &nbsp;&nbsp; 55555414 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 55555414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemicals | &nbsp;&nbsp; 22925380 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 22925380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Services & Supplies | &nbsp;&nbsp; — | &nbsp;&nbsp; 15903800 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15903800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | &nbsp;&nbsp; 5094270 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5094270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp; 26430183 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 26430183 |

---

------

Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock High Equity Income 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; Common Stocks (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp; $12075402 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $12075402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diversified Telecommunication Services | &nbsp;&nbsp; 18912674 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 18912674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | &nbsp;&nbsp; 29239736 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 29239736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Electronic Equipment, Instruments & Components | &nbsp;&nbsp; 19730270 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 19730270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entertainment | &nbsp;&nbsp; 16564084 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 16564084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Services | &nbsp;&nbsp; 23963877 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 23963877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp; 13373723 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 13373723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ground Transportation | &nbsp;&nbsp; 6736152 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 6736152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Supplies | &nbsp;&nbsp; 66517330 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 66517330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care Providers & Services | &nbsp;&nbsp; 67317071 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 67317071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care REITs | &nbsp;&nbsp; 7167511 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7167511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hotels, Restaurants & Leisure | &nbsp;&nbsp; — | &nbsp;&nbsp; 6053374 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6053374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Household Products | &nbsp;&nbsp; 15987751 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 15987751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrial REITs | &nbsp;&nbsp; 15839752 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 15839752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insurance | &nbsp;&nbsp; 26216962 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 26216962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interactive Media & Services | &nbsp;&nbsp; 45344767 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 45344767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leisure Products | &nbsp;&nbsp; 9883112 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 9883112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp; 19471672 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 19471672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Media | &nbsp;&nbsp; — | &nbsp;&nbsp; 14465142 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14465142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp; 32629908 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 32629908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multi-Utilities | &nbsp;&nbsp; 37787810 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 37787810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oil, Gas & Consumable Fuels | &nbsp;&nbsp; 43144785 | &nbsp;&nbsp; 36553923 | &nbsp;&nbsp; — | &nbsp;&nbsp; 79698708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals | &nbsp;&nbsp; 34346197 | &nbsp;&nbsp; 7112475 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41458672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Professional Services | &nbsp;&nbsp; 29051751 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 29051751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Residential REITs | &nbsp;&nbsp; 7820628 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7820628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | &nbsp;&nbsp; 40444732 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 40444732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Software | &nbsp;&nbsp; 42254261 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 42254261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialized REITs | &nbsp;&nbsp; 4771855 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4771855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specialty Retail | &nbsp;&nbsp; 10011032 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 10011032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | &nbsp;&nbsp; 38486688 | &nbsp;&nbsp; 79546054 | &nbsp;&nbsp; — | &nbsp;&nbsp; 118032742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Textiles, Apparel & Luxury Goods | &nbsp;&nbsp; — | &nbsp;&nbsp; 12142499 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12142499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tobacco | &nbsp;&nbsp; — | &nbsp;&nbsp; 12929881 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12929881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trading Companies & Distributors | &nbsp;&nbsp; 31622664 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 31622664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wireless Telecommunication Services | &nbsp;&nbsp; 5186987 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5186987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity-Linked Notes  | &nbsp;&nbsp; — | &nbsp;&nbsp; 794361278 | &nbsp;&nbsp; — | &nbsp;&nbsp; 794361278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 5176859 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5176859 |
|  | &nbsp;&nbsp; $1158045981 | &nbsp;&nbsp; $982861219 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2140907200 |

---

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

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| CHF | Swiss Franc |
| EUR | Euro |
| GBP | British Pound |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| NVS | Non-Voting Shares |
| REIT | Real Estate Investment Trust |

---

------

## 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 High Equity Income Fund

- **b. EDGAR series identifier (if any):** S000001509

- **c. LEI of Series:** 5P4Q4JLCZIQPV2V8P740

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-27

**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:** $2191291362.43

**Total Liabilities:** $105354046.41

**Net Assets:** $2085937316.02

**Cash Not Reported:** $45248191.36

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 2.74000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 844.19000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004057 | 2.10%                | 3.43%                | 0.73%                |
| Class ID C000004059 | 2.10%                | 3.40%                | 0.72%                |
| Class ID C000004061 | 2.03%                | 3.33%                | 0.65%                |
| Class ID C000219259 | 2.14%                | 3.40%                | 0.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4673001.59              | $22484303.79                               |
| Month 2  | $16800648.23             | $39329121.27                               |
| Month 3  | $14159182.63             | $-12656958.04                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VERSANT MEDIA GROUP INC                    | Versant Media Group Inc. COM CL A                                                                          | CUSIP: 925283103<br>LEI: 254900D2Q5F5F229PU30 | Long             | EC               | CORP              | US        |     16686 | NS      | $555977.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (FIRST CITIZENS BANCSHARES INC/NC) 13.97 04/02/2026 (FCNCA US)                  | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |     10400 | PA      | $20026392.84  | 0.96%             | 2026-04-02      | Fixed         | 13.97%                | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (MARATHON PETROLEUM CORP) 20.68 04/13/2026 (MPC US)                             | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |     17800 | PA      | $3579046.00   | 0.17%             | 2026-04-13      | Fixed         | 20.68%                | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                 | Rogers Communications Inc. CL B                                                                            | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |    129902 | NS      | $5186986.86   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (MEDTRONIC PLC) 13.75 03/16/2026 (MDT US)                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |    173000 | PA      | $17018433.73  | 0.82%             | 2026-03-16      | Fixed         | 13.75%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (FIDELITY NATIONAL FINANCIAL INC) 25.91 03/09/2026 (FNF US)                        | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |     43100 | PA      | $2281082.35   | 0.11%             | 2026-03-09      | Fixed         | 25.91%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (DOMINION ENERGY INC) 22.52 03/09/2026 (D US)                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |    168900 | PA      | $10342871.88  | 0.50%             | 2026-03-09      | Fixed         | 22.52%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (NVIDIA CORP) 29.21 03/12/2026 (NVDA US)                                | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     17700 | PA      | $3141061.22   | 0.15%             | 2026-03-12      | Fixed         | 29.21%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (AVALONBAY COMMUNITIES INC) 12.71 03/05/2026 (AVB US)                   | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     32500 | PA      | $5769042.44   | 0.28%             | 2026-03-05      | Fixed         | 12.71%                | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                      | BARCLAYS CAPITAL INC. (RENTOKIL INITIAL PLC) 19.08 03/23/2026 (RTO LN)                                     | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | GB        |   1902500 | PA      | $11667747.21  | 0.56%             | 2026-03-23      | Fixed         | 19.08%                | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                      | BARCLAYS CAPITAL INC. (DOLLAR GENERAL CORP) 26.01 04/06/2026 (DG US)                                       | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $19002668.39  | 0.91%             | 2026-04-06      | Fixed         | 26.01%                | No            |                  2 | On Loan: No      |
| Western Digital Corp.                      | Western Digital Corp. COM                                                                                  | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     85035 | NS      | $23784289.50  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                             | DTE Energy Co. COM                                                                                         | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    124821 | NS      | $18503465.04  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co. KGaA                       | Henkel AG & Co. KGaA NON-VTG PRF NPV                                                                       | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |    162993 | NS      | $15987750.81  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Textron Inc.                               | Textron Inc. COM                                                                                           | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     65111 | NS      | $6423200.15   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (CISCO SYSTEMS INC) 30.47 03/30/2026 (CSCO US)                                  | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |    100700 | PA      | $8160522.80   | 0.39%             | 2026-03-30      | Fixed         | 30.47%                | No            |                  2 | On Loan: No      |
| UBS SECURITIES LLC                         | UBS SECURITIES LLC (HENKEL AG & CO KGAA) 19.25 04/16/2026 (HEN3 GY)                                        | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | Long             | DBT              | CORP              | GB        |    120400 | PA      | $11789470.72  | 0.57%             | 2026-04-16      | Fixed         | 19.25%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (FORTIVE CORP) 18.33 03/16/2026 (FTV US)                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |    100200 | PA      | $5552188.71   | 0.27%             | 2026-03-16      | Fixed         | 18.33%                | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                    | TD SECURITIES (USA) LLC (TEXAS INSTRUMENTS INC) 27.21 03/16/2026 (TXN US)                                  | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Long             | DBT              | CORP              | CA        |     38600 | PA      | $7719916.30   | 0.37%             | 2026-03-16      | Fixed         | 27.21%                | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                      | BARCLAYS CAPITAL INC. (SANOFI SA) 14.11 03/23/2026 (SAN FP)                                                | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | GB        |    142700 | PA      | $13696263.73  | 0.66%             | 2026-03-23      | Fixed         | 14.11%                | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                   | CIBC WORLD MARKETS CORP. (PPG INDUSTRIES INC) 17.35 04/02/2026 (PPG US)                                    | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | Long             | DBT              | CORP              | CA        |     73900 | PA      | $9186020.00   | 0.44%             | 2026-04-02      | Fixed         | 17.35%                | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                      | BARCLAYS CAPITAL INC. (HEALTHCARE REALTY TRUST INC) 23.19 03/09/2026 (HR US)                               | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | GB        |    287000 | PA      | $4997964.16   | 0.24%             | 2026-03-09      | Fixed         | 23.19%                | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd.                | Samsung Electronics Co Ltd. GDR EACH REP 25 COM STK KRW100(REG S)                                          | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     21931 | NS      | $79546054.60  | 3.81%             |  |  |  | No            |                  2 | On Loan: No      |
| The Campbells Co.                          | The Campbells Co. COM                                                                                      | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |    254840 | NS      | $6867938.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp.                             | Ralliant Corp. COM                                                                                         | CUSIP: 750940108<br>LEI: 52990024QKO4DYT8N464 | Long             | EC               | CORP              | US        |     77033 | NS      | $3535044.37   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (HOME DEPOT INC/THE) 27.04 04/02/2026 (HD US)                           | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     12300 | PA      | $4710491.45   | 0.23%             | 2026-04-02      | Fixed         | 27.04%                | No            |                  2 | On Loan: No      |
| Middleby Corp.                             | Middleby Corp. COM                                                                                         | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     36924 | NS      | $6234986.64   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                | Pepsico Inc COM                                                                                            | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     44876 | NS      | $7617252.24   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MIZUHO SECURITIES USA LLC                  | MIZUHO SECURITIES USA LLC (APPLIED MATERIALS INC) 27.08 04/09/2026 (AMAT US)                               | CUSIP: 000000000<br>LEI: 7TK5RJIZDFROZCA6XF66 | Long             | DBT              | CORP              | KY        |     16000 | PA      | $5915488.76   | 0.28%             | 2026-04-09      | Fixed         | 27.08%                | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                   | CIBC WORLD MARKETS CORP. (DTE ENERGY CO) 10.40 03/05/2026 (DTE US)                                         | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | Long             | DBT              | CORP              | CA        |     49600 | PA      | $6762798.97   | 0.32%             | 2026-03-05      | Fixed         | 10.40%                | No            |                  2 | On Loan: No      |
| Gallagher Aj &Co                           | Gallagher Aj &Co COM                                                                                       | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     45894 | NS      | $10473010.80  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                           | Amazon.com, Inc. COM                                                                                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    150502 | NS      | $31605420.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo S.A.                                | Sodexo S.A. EUR4                                                                                           | CUSIP: 000000000<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |    110590 | NS      | $6053373.81   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortune Brands Innovations Inc             | Fortune Brands Innovations Inc COM                                                                         | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |    354779 | NS      | $19278690.86  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc                 | L3 Harris Technologies Inc COM                                                                             | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     20277 | NS      | $7391777.58   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                  | Wesco International, Inc. COM                                                                              | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |    109232 | NS      | $31622664.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (CARLYLE GROUP INC/THE) 28.20 03/19/2026 (CG US)                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     98700 | PA      | $5223191.81   | 0.25%             | 2026-03-19      | Fixed         | 28.20%                | No            |                  2 | On Loan: No      |
| WPP PLC                                    | WPP PLC ORD GBP0.10                                                                                        | CUSIP: 000000000<br>LEI: 549300LSGBXPYHXGDT93 | Long             | EC               | CORP              | JE        |   3911793 | NS      | $14465141.46  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT Corporation                            | EQT Corporation COM                                                                                        | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    211648 | NS      | $12999420.16  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (AMERICAN ELECTRIC POWER CO INC) 18.02 03/12/2026 (AEP US)                       | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |     32200 | PA      | $3976328.79   | 0.19%             | 2026-03-12      | Fixed         | 18.02%                | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                          | Wells Fargo & Co. COM                                                                                      | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    256725 | NS      | $20910251.25  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                | Verizon Communications Inc. COM                                                                            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    149729 | NS      | $7507412.06   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SECURITIES (USA) LLC                    | TD SECURITIES (USA) LLC (STAG INDUSTRIAL INC) 10.81 03/19/2026 (STAG US)                                   | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Long             | DBT              | CORP              | CA        |    126700 | PA      | $4796428.20   | 0.23%             | 2026-03-19      | Fixed         | 10.81%                | No            |                  2 | On Loan: No      |
| STAG Industrial, Inc.                      | STAG Industrial, Inc. COM                                                                                  | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    171539 | NS      | $6727759.58   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc               | Citizens Financial Group Inc COM                                                                           | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    258796 | NS      | $15576931.24  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS SECURITIES LLC                         | UBS SECURITIES LLC (LYONDELLBASELL INDUSTRIES NV) 18.70 03/05/2026 (LYB US)                                | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | Long             | DBT              | CORP              | GB        |     94800 | PA      | $5232328.46   | 0.25%             | 2026-03-05      | Fixed         | 18.70%                | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                   | CIBC WORLD MARKETS CORP. (AIR PRODUCTS AND CHEMICALS INC) 15.30 03/05/2026 (APD US)                        | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | Long             | DBT              | CORP              | CA        |     28300 | PA      | $7786788.65   | 0.37%             | 2026-03-05      | Fixed         | 15.30%                | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (WESCO INTERNATIONAL INC) 26.54 03/12/2026 (WCC US)                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |     55300 | PA      | $15986085.00  | 0.77%             | 2026-03-12      | Fixed         | 26.54%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (SYSCO CORP) 11.99 03/19/2026 (SYY US)                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     61000 | PA      | $4854120.93   | 0.23%             | 2026-03-19      | Fixed         | 11.99%                | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                               | NVIDIA Corp. COM                                                                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     23950 | NS      | $4243700.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company              | Becton, Dickinson and Company COM                                                                          | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    112204 | NS      | $19801761.92  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                         | Meta Platforms Inc CL A                                                                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     25212 | NS      | $16341914.16  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                   | CDW Corp COM                                                                                               | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    132055 | NS      | $16195225.20  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation             | The Charles Schwab Corporation COM                                                                         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    223053 | NS      | $21234645.60  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bank National Association         | Flagstar Bank National Association COM NEW                                                                 | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EC               | CORP              | US        |    488845 | NS      | $6203443.05   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Limited                     | Teck Resources Limited CL B                                                                                | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    379888 | NS      | $22371604.32  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (INTERCONTINENTAL EXCHANGE INC) 13.94 03/16/2026 (ICE US)                        | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |     86900 | PA      | $14355812.27  | 0.69%             | 2026-03-16      | Fixed         | 13.94%                | No            |                  2 | On Loan: No      |
| Citigroup Inc.                             | Citigroup Inc. COM NEW                                                                                     | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    492910 | NS      | $54313752.90  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (LAMB WESTON HOLDINGS INC) 22.19 03/19/2026 (LW US)                                | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |     95400 | PA      | $4402782.29   | 0.21%             | 2026-03-19      | Fixed         | 22.19%                | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (VOYA FINANCIAL INC) 25.83 03/12/2026 (VOYA US)                        | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |     84400 | PA      | $5672460.07   | 0.27%             | 2026-03-12      | Fixed         | 25.83%                | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                      | BARCLAYS CAPITAL INC. (MICROSOFT CORP) 24.03 04/06/2026 (MSFT US)                                          | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | GB        |     34600 | PA      | $13737042.30  | 0.66%             | 2026-04-06      | Fixed         | 24.03%                | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (CROWN HOLDINGS INC) 22.64 03/26/2026 (CCK US)                         | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |     64300 | PA      | $6865671.56   | 0.33%             | 2026-03-26      | Fixed         | 22.64%                | No            |                  2 | On Loan: No      |
| UBS SECURITIES LLC                         | UBS SECURITIES LLC (BAXTER INTERNATIONAL INC) 25.70 03/12/2026 (BAX US)                                    | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | Long             | DBT              | CORP              | GB        |    702000 | PA      | $14151347.30  | 0.68%             | 2026-03-12      | Fixed         | 25.70%                | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (COMCAST CORP) 29.64 03/02/2026 (CMCSA US)                             | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |    276900 | PA      | $8252899.98   | 0.40%             | 2026-03-02      | Fixed         | 29.64%                | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (FORTUNE BRANDS INNOVATIONS INC) 27.48 03/05/2026 (FBIN US)                      | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |    212800 | PA      | $11626953.10  | 0.56%             | 2026-03-05      | Fixed         | 27.48%                | No            |                  2 | On Loan: No      |
| Rentokil Initial PLC                       | Rentokil Initial PLC ORD GBP0.01                                                                           | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |   2574125 | NS      | $15903799.94  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (CAPITAL ONE FINANCIAL CORP) 16.98 03/26/2026 (COF US)                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     19200 | PA      | $3789165.10   | 0.18%             | 2026-03-26      | Fixed         | 16.98%                | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (FLAGSTAR BANK NA) 25.08 03/02/2026 (FLG US)                                     | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |    293300 | PA      | $3986582.77   | 0.19%             | 2026-03-02      | Fixed         | 25.08%                | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                      | BARCLAYS CAPITAL INC. (META PLATFORMS INC) 19.07 03/09/2026 (META US)                                      | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | GB        |     13200 | PA      | $8517017.39   | 0.41%             | 2026-03-09      | Fixed         | 19.07%                | No            |                  2 | On Loan: No      |
| Medtronic PLC                              | Medtronic PLC USD0.0001                                                                                    | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    234287 | NS      | $22880468.42  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc (Delaware)   | First Citizens BancShares Inc (Delaware) CL A                                                              | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |     14102 | NS      | $26767711.30  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (BARRICK MINING CORP) 38.88 04/13/2026 (B US)                                   | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |     98900 | PA      | $4979615.00   | 0.24%             | 2026-04-13      | Fixed         | 38.88%                | No            |                  2 | On Loan: No      |
| American International Group Inc.          | American International Group Inc. COM NEW                                                                  | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     65932 | NS      | $5306866.68   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                            | CVS Health Corp COM                                                                                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    408169 | NS      | $32612703.10  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (FLAGSTAR BANK NA) 23.97 04/13/2026 (FLG US)                                    | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |    293300 | PA      | $3974215.00   | 0.19%             | 2026-04-13      | Fixed         | 23.97%                | No            |                  2 | On Loan: No      |
| HRTI LLC                                   | HRTI LLC CL A COM                                                                                          | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    388483 | NS      | $7167511.35   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                 | HSBC SECURITIES (USA) INC (SODEXO SA) 17.45 03/23/2026 (SW FP)                                             | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | Long             | DBT              | CORP              | GB        |     81600 | PA      | $4216785.68   | 0.20%             | 2026-03-23      | Fixed         | 17.45%                | No            |                  2 | On Loan: No      |
| Microsoft Corp.                            | Microsoft Corp. COM                                                                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     85308 | NS      | $33503863.92  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                | AvalonBay Communities, Inc. COM                                                                            | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     44127 | NS      | $7820628.21   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS CAPITAL INC.                      | BARCLAYS CAPITAL INC. (ARTHUR J GALLAGHER & CO) 25.60 04/06/2026 (AJG US)                                  | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | GB        |     33800 | PA      | $7330643.80   | 0.35%             | 2026-04-06      | Fixed         | 25.60%                | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                   | CIBC WORLD MARKETS CORP. (MAXIMUS INC) 29.40 03/26/2026 (MMS US)                                           | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | Long             | DBT              | CORP              | CA        |    121400 | PA      | $9447888.10   | 0.45%             | 2026-03-26      | Fixed         | 29.40%                | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (CSX CORP) 21.84 04/13/2026 (CSX US)                                            | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |     63500 | PA      | $2711215.05   | 0.13%             | 2026-04-13      | Fixed         | 21.84%                | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                  | BlackRock Liquidity Funds T FUND INSTL SHS                                                                 | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   5323538 | PA      | $5323538.43   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                  | Aptiv PLC COM SHS                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     80721 | NS      | $5936222.34   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp.                       | Barrick Mining Corp. COM SHS                                                                               | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    120963 | NS      | $6137662.62   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (MERCK & CO INC) 19.42 04/02/2026 (MRK US)                                      | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |    139400 | PA      | $16901797.98  | 0.81%             | 2026-04-02      | Fixed         | 19.42%                | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                | Lockheed Martin Corporation COM                                                                            | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     10246 | NS      | $6742687.68   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (CDW CORP/DE) 25.62 03/02/2026 (CDW US)                                | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |     64100 | PA      | $7937154.11   | 0.38%             | 2026-03-02      | Fixed         | 25.62%                | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                          | Crown Castle Inc. COM                                                                                      | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     53293 | NS      | $4771855.22   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (LOCKHEED MARTIN CORP) 19.86 03/19/2026 (LMT US)                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |      7500 | PA      | $4628368.60   | 0.22%             | 2026-03-19      | Fixed         | 19.86%                | No            |                  2 | On Loan: No      |
| The Swatch Group AG                        | The Swatch Group AG CHF2.25(BR)                                                                            | CUSIP: 000000000<br>LEI: 529900NTES2LEON1JZ55 | Long             | EC               | CORP              | CH        |     47461 | NS      | $12142498.79  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (CSX CORP) 23.94 03/02/2026 (CSX US)                                    | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     68100 | PA      | $2435255.48   | 0.12%             | 2026-03-02      | Fixed         | 23.94%                | No            |                  2 | On Loan: No      |
| UBS SECURITIES LLC                         | UBS SECURITIES LLC (FIDELITY NATIONAL FINANCIAL INC) 21.60 03/12/2026 (FNF US)                             | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | Long             | DBT              | CORP              | GB        |    102700 | PA      | $5384845.55   | 0.26%             | 2026-03-12      | Fixed         | 21.60%                | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                     | Texas Instruments Inc. COM                                                                                 | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    132423 | NS      | $28088242.53  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                 | Hasbro Inc COM                                                                                             | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     99238 | NS      | $9883112.42   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                     | BP PLC ORD USD0.25                                                                                         | CUSIP: 000000000<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   4329834 | NS      | $28063427.10  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson & Johnson                          | Johnson & Johnson COM                                                                                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     21279 | NS      | $5286341.97   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                          | FedEx Corporation COM                                                                                      | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     42452 | NS      | $16428924.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.              | CITIGROUP GLOBAL MARKETS INC. (HASBRO INC) 24.13 04/09/2026 (HAS US)                                       | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | DBT              | CORP              | US        |     73200 | PA      | $7404923.48   | 0.35%             | 2026-04-09      | Fixed         | 24.13%                | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                   | CIBC WORLD MARKETS CORP. (ALPHABET INC) 25.20 03/05/2026 (GOOG US)                                         | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | Long             | DBT              | CORP              | CA        |     55200 | PA      | $17299608.55  | 0.83%             | 2026-03-05      | Fixed         | 25.20%                | No            |                  2 | On Loan: No      |
| Tourmaline Oil Corp.                       | Tourmaline Oil Corp. COM NPV                                                                               | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |    440642 | NS      | $20687448.17  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD HOLDINGS INC                           | PDD Holdings Inc. SPONSORED ADS                                                                            | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |     83926 | NS      | $8705643.98   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (VERIZON COMMUNICATIONS INC) 13.37 03/16/2026 (VZ US)                            | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |    110600 | PA      | $4474652.79   | 0.21%             | 2026-03-16      | Fixed         | 13.37%                | No            |                  2 | On Loan: No      |
| Shell PLC                                  | Shell PLC ORD EUR0.07                                                                                      | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    202720 | NS      | $8490496.32   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (REXFORD INDUSTRIAL REALTY INC) 24.00 03/09/2026 (REXR US)                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |    179700 | PA      | $6790142.37   | 0.33%             | 2026-03-09      | Fixed         | 24.00%                | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.           | American Electric Power Co, Inc. COM                                                                       | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     72600 | NS      | $9715332.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                      | Cardinal Health, Inc. COM                                                                                  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     87743 | NS      | $20113327.89  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (L3HARRIS TECHNOLOGIES INC) 17.36 03/26/2026 (LHX US)                  | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |     19500 | PA      | $6940526.05   | 0.33%             | 2026-03-26      | Fixed         | 17.36%                | No            |                  2 | On Loan: No      |
| MIZUHO SECURITIES USA LLC                  | MIZUHO SECURITIES USA LLC (ROGERS COMMUNICATIONS INC) 16.02 03/26/2026 (RCI US)                            | CUSIP: 000000000<br>LEI: 7TK5RJIZDFROZCA6XF66 | Long             | DBT              | CORP              | KY        |     95900 | PA      | $3759456.83   | 0.18%             | 2026-03-26      | Fixed         | 16.02%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (CENTENE CORP) 38.19 03/02/2026 (CNC US)                                | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     69800 | PA      | $3013044.95   | 0.14%             | 2026-03-02      | Fixed         | 38.19%                | No            |                  2 | On Loan: No      |
| The Kraft Heinz Co.                        | The Kraft Heinz Co. COM                                                                                    | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |    265360 | NS      | $6530509.60   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (APTIV PLC) 25.42 03/02/2026 (APTV US)                                           | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |     59600 | PA      | $4608486.73   | 0.22%             | 2026-03-02      | Fixed         | 25.42%                | No            |                  2 | On Loan: No      |
| Maximus Inc                                | Maximus Inc COM                                                                                            | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     94950 | NS      | $7179169.50   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (COGNIZANT TECHNOLOGY SOLUTIONS CORP) 19.67 03/02/2026 (CTSH US)       | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |     56000 | PA      | $3650326.37   | 0.17%             | 2026-03-02      | Fixed         | 19.67%                | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (AMERICAN INTERNATIONAL GROUP INC) 26.47 04/07/2026 (AIG US)           | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |     48700 | PA      | $3858223.54   | 0.18%             | 2026-04-07      | Fixed         | 26.47%                | No            |                  2 | On Loan: No      |
| Evergy Inc                                 | Evergy Inc COM                                                                                             | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    233378 | NS      | $19524403.48  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (RALLIANT CORP) 21.30 03/26/2026 (RAL US)                              | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |     56900 | PA      | $2630353.62   | 0.13%             | 2026-03-26      | Fixed         | 21.30%                | No            |                  2 | On Loan: No      |
| UBS SECURITIES LLC                         | UBS SECURITIES LLC (CROWN CASTLE INC) 22.40 03/19/2026 (CCI US)                                            | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | Long             | DBT              | CORP              | GB        |     39300 | PA      | $3437714.82   | 0.16%             | 2026-03-19      | Fixed         | 22.40%                | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                 | Baxter International, Inc. COM                                                                             | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |   1170108 | NS      | $23835099.96  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (WORKDAY INC) 32.12 03/26/2026 (WDAY US)                                | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     37000 | PA      | $5058376.03   | 0.24%             | 2026-03-26      | Fixed         | 32.12%                | No            |                  2 | On Loan: No      |
| Fortive Corporation                        | Fortive Corporation COM                                                                                    | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |    135705 | NS      | $8033736.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                | Capital One Financial Corp. COM                                                                            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     26039 | NS      | $5094269.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                         | Crown Holdings Inc COM                                                                                     | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     87142 | NS      | $9986473.20   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                            | Home Depot Inc. COM                                                                                        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     16705 | NS      | $6359927.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC               | British American Tobacco PLC ORD GBP0.25                                                                   | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    207059 | NS      | $12929880.49  | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollar General Corporation                 | Dollar General Corporation COM                                                                             | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    169164 | NS      | $26430183.36  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                        | Comcast Corporation CL A                                                                                   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    368387 | NS      | $11405261.52  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc              | Intercontinental Exchange Inc COM                                                                          | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    153388 | NS      | $25175572.44  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (SWATCH GROUP AG/THE) 26.18 04/16/2026 (UHR SW)                                  | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $9190999.54   | 0.44%             | 2026-04-16      | Fixed         | 26.18%                | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                 | J.P. MORGAN SECURITIES LLC (PEPSICO INC) 21.54 04/09/2026 (PEP US)                                         | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | DBT              | CORP              | NL        |     33100 | PA      | $5474429.72   | 0.26%             | 2026-04-09      | Fixed         | 21.54%                | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty Inc.             | Rexford Industrial Realty Inc. COM                                                                         | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    243181 | NS      | $9111992.07   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SECURITIES (USA) LLC                    | TD SECURITIES (USA) LLC (CHEVRON CORP) 19.58 03/19/2026 (CVX US)                                           | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Long             | DBT              | CORP              | CA        |     39500 | PA      | $6838921.02   | 0.33%             | 2026-03-19      | Fixed         | 19.58%                | No            |                  2 | On Loan: No      |
| PPG Industries, Inc.                       | PPG Industries, Inc. COM                                                                                   | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    116052 | NS      | $14305730.04  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (CITIZENS FINANCIAL GROUP INC) 24.04 03/05/2026 (CFG US)                | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     79300 | PA      | $4771462.47   | 0.23%             | 2026-03-05      | Fixed         | 24.04%                | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                   | CIBC WORLD MARKETS CORP. (RTX CORP) 20.50 03/05/2026 (RTX US)                                              | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | Long             | DBT              | CORP              | CA        |     21400 | PA      | $4289883.16   | 0.21%             | 2026-03-05      | Fixed         | 20.50%                | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                           | Merck & Co., Inc COM                                                                                       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    205022 | NS      | $25385824.04  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL NV                          | CNH Industrial N.V. COM EUR0.01                                                                            | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    423004 | NS      | $5202949.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                  | Union Pacific Corporation COM                                                                              | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     11572 | NS      | $3066348.56   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                              | Alphabet Inc. CAP STK CL C                                                                                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     93128 | NS      | $29002853.04  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS SECURITIES LLC                         | UBS SECURITIES LLC (BAYER AG) 25.79 04/16/2026 (BAYN GY)                                                   | CUSIP: 000000000<br>LEI: T6FIZBDPKLYJKFCRVK44 | Long             | DBT              | CORP              | GB        |    106100 | PA      | $5242879.72   | 0.25%             | 2026-04-16      | Fixed         | 25.79%                | No            |                  2 | On Loan: No      |
| Bank of America Corp.                      | Bank of America Corp. COM                                                                                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    141374 | NS      | $7044666.42   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                    | GOLDMAN SACHS & CO. LLC (BECTON DICKINSON & CO) 21.84 03/30/2026 (BDX US)                                  | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Long             | DBT              | CORP              | GB        |     82800 | PA      | $17701090.68  | 0.85%             | 2026-03-30      | Fixed         | 21.84%                | No            |                  2 | On Loan: No      |
| Lamb Weston Holdings Inc                   | Lamb Weston Holdings Inc COM                                                                               | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |    129254 | NS      | $6228750.26   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (COMCAST CORP) 29.87 04/13/2026 (CMCSA US)                                      | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |    272200 | PA      | $8425134.40   | 0.40%             | 2026-04-13      | Fixed         | 29.87%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (EQT CORP) 28.71 03/12/2026 (EQT US)                                    | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |    129900 | PA      | $7386959.81   | 0.35%             | 2026-03-12      | Fixed         | 28.71%                | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                    | TD SECURITIES (USA) LLC (CVS HEALTH CORP) 27.41 03/12/2026 (CVS US)                                        | CUSIP: 000000000<br>LEI: SUVUFHICNZMP2WKHG940 | Long             | DBT              | CORP              | CA        |    219900 | PA      | $17672022.78  | 0.85%             | 2026-03-12      | Fixed         | 27.41%                | No            |                  2 | On Loan: No      |
| Chevron Corp.                              | Chevron Corp. COM                                                                                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53519 | NS      | $9995208.44   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co.                                 | Boeing Co. COM                                                                                             | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     53044 | NS      | $12069101.32  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co.             | Hewlett Packard Enterprise Co. COM                                                                         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    684788 | NS      | $14702398.36  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                     | Applied Materials Inc. COM                                                                                 | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     21791 | NS      | $8112789.30   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (HEWLETT PACKARD ENTERPRISE CO) 23.54 03/09/2026 (HPE US)              | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |    410800 | PA      | $8799506.99   | 0.42%             | 2026-03-09      | Fixed         | 23.54%                | No            |                  2 | On Loan: No      |
| CIBC WORLD MARKETS CORP.                   | CIBC WORLD MARKETS CORP. (CAMPBELL'S COMPANY/THE) 20.15 03/05/2026 (CPB US)                                | CUSIP: 000000000<br>LEI: 549300445CON3DBMU275 | Long             | DBT              | CORP              | CA        |    188300 | PA      | $5003979.07   | 0.24%             | 2026-03-05      | Fixed         | 20.15%                | No            |                  2 | On Loan: No      |
| Walt Disney Company                        | Walt Disney Company COM                                                                                    | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    135988 | NS      | $14420167.52  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (WALT DISNEY CO/THE) 17.60 03/19/2026 (DIS US)                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |     79500 | PA      | $8526937.05   | 0.41%             | 2026-03-19      | Fixed         | 17.60%                | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                       | Elevance Health Inc. COM                                                                                   | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     45597 | NS      | $14591040.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.             | Air Products & Chemicals, Inc. COM                                                                         | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     31268 | NS      | $8619649.56   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                   | Marathon Petroleum Corp. COM                                                                               | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     24315 | NS      | $4819476.15   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (CHARLES SCHWAB CORP/THE) 19.80 03/05/2026 (SCHW US)                    | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     62200 | PA      | $5939763.04   | 0.28%             | 2026-03-05      | Fixed         | 19.80%                | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (SS&C TECHNOLOGIES HOLDINGS INC) 17.57 03/16/2026 (SSNC US)                      | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |    117500 | PA      | $8908738.73   | 0.43%             | 2026-03-16      | Fixed         | 17.57%                | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (BARRICK MINING CORP) 37.80 03/02/2026 (B US)                                    | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |    119000 | PA      | $5928769.79   | 0.28%             | 2026-03-02      | Fixed         | 37.80%                | No            |                  2 | On Loan: No      |
| CSX Corporation                            | CSX Corporation COM                                                                                        | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     85964 | NS      | $3669803.16   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                  | RTX Corp. COM                                                                                              | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     28972 | NS      | $5870306.64   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (KEURIG DR PEPPER INC) 20.06 03/16/2026 (KDP US)                        | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |    258900 | PA      | $7395154.00   | 0.35%             | 2026-03-16      | Fixed         | 20.06%                | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                 | J.P. MORGAN SECURITIES LLC (MIDDLEBY CORP/THE) 29.32 04/09/2026 (MIDD US)                                  | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | DBT              | CORP              | NL        |     27200 | PA      | $4563730.66   | 0.22%             | 2026-04-09      | Fixed         | 29.32%                | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (FIDELITY NATIONAL INFORMATION SERVICES INC) 28.15 04/09/2026 (FIS US) | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |    275900 | PA      | $13749166.41  | 0.66%             | 2026-04-09      | Fixed         | 28.15%                | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (BOEING CO/THE) 27.19 03/02/2026 (BA US)                                         | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |     39200 | PA      | $9023674.38   | 0.43%             | 2026-03-02      | Fixed         | 27.19%                | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC.              | CITIGROUP GLOBAL MARKETS INC. (CARDINAL HEALTH INC) 22.89 04/09/2026 (CAH US)                              | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | DBT              | CORP              | US        |     64700 | PA      | $14748368.47  | 0.71%             | 2026-04-09      | Fixed         | 22.89%                | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (BOEING CO/THE) 25.24 04/13/2026 (BA US)                                        | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |     39200 | PA      | $8992872.00   | 0.43%             | 2026-04-13      | Fixed         | 25.24%                | No            |                  2 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (CDW CORP/DE) 36.28 04/13/2026 (CDW US)                                         | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |     97600 | PA      | $12042864.00  | 0.58%             | 2026-04-13      | Fixed         | 36.28%                | No            |                  2 | On Loan: No      |
| BMO CAPITAL MARKETS CORP.                  | BMO CAPITAL MARKETS CORP. (SS&C TECHNOLOGIES HOLDINGS INC) 24.24 04/13/2026 (SSNC US)                      | CUSIP: 000000000<br>LEI: RUC0QBLBRPRCU4W1NE59 | Long             | DBT              | CORP              | US        |    114700 | PA      | $8401491.07   | 0.40%             | 2026-04-13      | Fixed         | 24.24%                | No            |                  2 | On Loan: No      |
| Workday Inc                                | Workday Inc CL A                                                                                           | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     50180 | NS      | $6712076.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (KRAFT HEINZ CO/THE) 24.76 03/26/2026 (KHC US)                         | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |    159200 | PA      | $3764315.73   | 0.18%             | 2026-03-26      | Fixed         | 24.76%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (ELEVANCE HEALTH INC) 17.26 03/26/2026 (ELV US)                         | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     31400 | PA      | $10081562.04  | 0.48%             | 2026-03-26      | Fixed         | 17.26%                | No            |                  2 | On Loan: No      |
| Bayer AG                                   | Bayer AG NPV (REGD)                                                                                        | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |    143742 | NS      | $7112475.06   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity National Financial, Inc.          | Fidelity National Financial, Inc. COM SHS                                                                  | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    197373 | NS      | $10437084.24  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SG AMERICAS SECURITIES, LLC                | SG AMERICAS SECURITIES LLC (APTIV PLC) 24.25 04/13/2026 (APTV US)                                          | CUSIP: 000000000<br>LEI: 549300F35UE0BOM1WJ55 | Long             | DBT              | CORP              | FR        |     59600 | PA      | $4591584.00   | 0.22%             | 2026-04-13      | Fixed         | 24.25%                | No            |                  2 | On Loan: No      |
| SS&C Technologies Holdings Inc.            | SS&C Technologies Holdings Inc. COM                                                                        | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    314350 | NS      | $23667411.50  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (WELLS FARGO & CO) 21.00 03/16/2026 (WFC US)                                     | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |    189600 | PA      | $15593815.47  | 0.75%             | 2026-03-16      | Fixed         | 21.00%                | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                      | BARCLAYS CAPITAL INC. (BP PLC) 24.26 03/23/2026 (BP/ LN)                                                   | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | GB        |   2597900 | PA      | $16296940.35  | 0.78%             | 2026-03-23      | Fixed         | 24.26%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                    | GOLDMAN SACHS & CO. LLC (AMAZON.COM INC) 24.64 03/30/2026 (AMZN US)                                        | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | Long             | DBT              | CORP              | GB        |    111100 | PA      | $23932784.88  | 1.15%             | 2026-03-30      | Fixed         | 24.64%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (EVERGY INC) 9.30 03/05/2026 (EVRG US)                                  | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |     97200 | PA      | $7406334.85   | 0.36%             | 2026-03-05      | Fixed         | 9.30%                 | No            |                  2 | On Loan: No      |
| MIZUHO SECURITIES USA LLC                  | MIZUHO SECURITIES USA LLC (WESTERN DIGITAL CORP) 45.83 04/02/2026 (WDC US)                                 | CUSIP: 000000000<br>LEI: 7TK5RJIZDFROZCA6XF66 | Long             | DBT              | CORP              | KY        |     62800 | PA      | $17346385.91  | 0.83%             | 2026-04-02      | Fixed         | 45.83%                | No            |                  2 | On Loan: No      |
| Airbus SE                                  | Airbus SE EUR1                                                                                             | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     17466 | NS      | $3792793.13   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                        | Dominion Energy Inc COM                                                                                    | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    305422 | NS      | $19284345.08  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc                          | Carlyle Group Inc COM                                                                                      | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    133536 | NS      | $6942536.64   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                         | Voya Financial Inc COM                                                                                     | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     31654 | NS      | $2117019.52   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                 | J.P. MORGAN SECURITIES LLC (AIRBUS SE) 22.37 04/16/2026 (AIR FP)                                           | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | DBT              | CORP              | NL        |     12800 | PA      | $2765359.92   | 0.13%             | 2026-04-16      | Fixed         | 22.37%                | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                       | Keurig Dr Pepper Inc COM                                                                                   | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    431525 | NS      | $13066577.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                   | MORGAN STANLEY & CO LLC (FEDEX CORP) 20.85 03/12/2026 (FDX US)                                             | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | CORP              | US        |     14700 | PA      | $4631157.21   | 0.22%             | 2026-03-12      | Fixed         | 20.85%                | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.               | BNP PARIBAS SECURITIES CORPORATION (CNH INDUSTRIAL NV) 16.53 03/19/2026 (CNH US)                           | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | DBT              | CORP              | FR        |    356000 | PA      | $4157264.95   | 0.20%             | 2026-03-19      | Fixed         | 16.53%                | No            |                  2 | On Loan: No      |
| RBC CAPITAL MARKETS, LLC                   | RBC CAPITAL MARKETS, LLC. (TEXTRON INC) 16.11 03/16/2026 (TXT US)                                          | CUSIP: 000000000<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | CORP              | CA        |     48000 | PA      | $4625639.56   | 0.22%             | 2026-03-16      | Fixed         | 16.11%                | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC.      | NOMURA SECURITIES INTERNATIONAL INC (UNION PACIFIC CORP) 24.03 03/09/2026 (UNP US)                         | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | DBT              | CORP              | JP        |     14300 | PA      | $3353278.72   | 0.16%             | 2026-03-09      | Fixed         | 24.03%                | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services Inc COM                                                             | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    428706 | NS      | $21846857.76  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS CAPITAL INC.                      | BARCLAYS CAPITAL INC. (BRITISH AMERICAN TOBACCO PLC) 24.01 04/16/2026 (BATS LN)                            | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | Long             | DBT              | CORP              | GB        |    152900 | PA      | $9389957.57   | 0.45%             | 2026-04-16      | Fixed         | 24.01%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer