# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0000940400-26-014712
**Filing Date:** 2026-4
**Character Count:** 208618
**Document Hash:** 917bef02046a059bdd3c6d319de4889f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014712.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014712

**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:** 26893037

**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 Commodity Strategies Fund (Series ID: S000033601)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000103250 | Investor A Shares    |  |
| C000103251 | Investor C Shares    |  |
| C000103252 | Institutional Shares |  |
| C000198241 | Class K              |  |

## Nport-Ex

Consolidated Schedule of Investments (unaudited)

February 28, 2026

**BlackRock Commodity Strategies 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** |
| **Chemicals — 7.5%** | **Chemicals — 7.5%** | **Chemicals — 7.5%** |
| Air Liquide SA | 6592 | $1386135 |
| Corteva, Inc. | 370275 | 29666433 |
| Linde PLC | 4478 | 2275182 |
| Novonesis (Novozymes) B, B Shares | 204617 | 12169343 |
| Nutrien Ltd. | 516777 | 38794450 |
|  |  | 84291543 |
| **Construction Materials — 0.1%** | **Construction Materials — 0.1%** | **Construction Materials — 0.1%** |
| Martin Marietta Materials, Inc. | 1503 | 1016885 |
| **Consumer Staples Distribution & Retail — 0.1%** | **Consumer Staples Distribution & Retail — 0.1%** | **Consumer Staples Distribution & Retail — 0.1%** |
| Alimentation Couche-Tard, Inc. | 17790 | 1079620 |
| **Containers & Packaging — 4.9%** | **Containers & Packaging — 4.9%** | **Containers & Packaging — 4.9%** |
| Packaging Corp. of America | 95831 | 22246209 |
| Smurfit Westrock PLC | 694617 | 32653945 |
|  |  | 54900154 |
| **Energy Equipment & Services — 0.5%** | **Energy Equipment & Services — 0.5%** | **Energy Equipment & Services — 0.5%** |
| Liberty Energy, Inc., Class A | 31069 | 872728 |
| Subsea 7 SA | 29523 | 856403 |
| TechnipFMC PLC | 48936 | 3244946 |
| Tecnicas Reunidas SA<sup>(a)</sup> | 14424 | 628037 |
|  |  | 5602114 |
| **Food Products — 2.0%** | **Food Products — 2.0%** | **Food Products — 2.0%** |
| Bunge Global SA | 184270 | 22232175 |
| **Machinery — 1.1%** | **Machinery — 1.1%** | **Machinery — 1.1%** |
| Deere & Co. | 20000 | 12594200 |
| **Metals & Mining — 19.3%** | **Metals & Mining — 19.3%** | **Metals & Mining — 19.3%** |
| Agnico Eagle Mines Ltd. | 47215 | 11859738 |
| Alamos Gold, Inc., Class A | 51321 | 2781541 |
| Alcoa Corp. | 33837 | 2100601 |
| Allied Gold Corp.<sup>(a)</sup> | 15644 | 495222 |
| Anglo American PLC | 126372 | 6305025 |
| Anglogold Ashanti PLC | 80940 | 10341704 |
| ArcelorMittal SA | 47964 | 3142070 |
| Artemis Gold, Inc.<sup>(a)</sup> | 58267 | 1931625 |
| Aya Gold & Silver, Inc.<sup>(a)</sup> | 10661 | 230798 |
| Barrick Mining Corp. | 288626 | 14644883 |
| Bellevue Gold Ltd.<sup>(a)</sup> | 488787 | 649446 |
| Benz Mining Corp., CDI<sup>(a)</sup> | 240362 | 509740 |
| BHP Group Ltd. | 122035 | 4951605 |
| Blackstone Minerals Ltd.<sup>(a)(b)</sup> | 849513 | 27205 |
| BlueScope Steel Ltd. | 61395 | 1223039 |
| Capricorn Metals Ltd.<sup>(a)</sup> | 36785 | 392790 |
| Centerra Gold, Inc. | 20141 | 423329 |
| Chalice Mining Ltd.<sup>(a)(b)</sup> | 66228 | 91115 |
| Champion Iron Ltd. | 85282 | 325335 |
| Coeur Mining, Inc.<sup>(a)</sup> | 60154 | 1633181 |
| Develop Global Ltd.<sup>(a)</sup> | 471345 | 1944222 |
| Discovery Silver Corp.<sup>(a)(b)</sup> | 274534 | 2268244 |
| DPM Metals, Inc. | 31762 | 1375216 |
| Eldorado Gold Corp.<sup>(b)</sup> | 55462 | 2574546 |
| Emerald Resources NL<sup>(a)</sup> | 119526 | 613686 |
| Endeavour Mining PLC | 63775 | 4588920 |
| Equinox Gold Corp.<sup>(a)</sup> | 42677 | 800947 |
| ERO Copper Corp.<sup>(a)</sup> | 10417 | 356334 |
| FireFly Metals Ltd.<sup>(a)</sup> | 203442 | 315647 |
| First Quantum Minerals Ltd.<sup>(a)</sup> | 30008 | 898447 |
| Foran Mining Corp.<sup>(a)</sup> | 406266 | 2186131 |
| Founders Metals, Inc.<sup>(a)</sup> | 230890 | 856496 |
| Franco-Nevada Corp. | 26028 | 7274598 |
| Freeport-McMoRan, Inc. | 78219 | 5325150 |
| Fresnillo PLC | 16047 | 915630 |
| G Mining Ventures Corp.<sup>(a)(b)</sup> | 25024 | 1024772 |
| G2 Goldfields, Inc.<sup>(a)(b)</sup> | 115521 | 593675 |
| Galiano Gold, Inc.<sup>(a)</sup> | 128508 | 448443 |
| Glencore PLC | 1373414 | 9923761 |
| Gold Fields Ltd., ADR | 9292 | 546741 |

---

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Metals & Mining (continued)** | **Metals & Mining (continued)** | **Metals & Mining (continued)** |
| Gold Royalty Corp.<sup>(a)(b)</sup> | 253126 | $1182098 |
| Greatland Resources Ltd.<sup>(a)</sup> | 77759 | 780173 |
| Grupo Mexico SAB de CV, Series B | 167424 | 2121819 |
| Hycroft Mining Holding Corp., Class A<sup>(a)</sup> | 6613 | 333097 |
| IAMGOLD Corp.<sup>(a)(b)</sup> | 63328 | 1555969 |
| Iluka Resources Ltd. | 42375 | 203300 |
| Ivanhoe Electric, Inc.<sup>(a)</sup> | 20227 | 347702 |
| Ivanhoe Mines Ltd., Class A<sup>(a)</sup> | 124071 | 1418942 |
| Kinross Gold Corp. | 300214 | 11096946 |
| Lithium Royalty Corp.<sup>(a)</sup> | 59819 | 476693 |
| Lundin Gold, Inc. | 5841 | 550550 |
| Lundin Mining Corp. | 54177 | 1726134 |
| &nbsp;&nbsp;&nbsp; LunR Royalties Corp. (Acquired 10/27/25, cost <br> $122,570)<sup>(a)(c)</sup><br>| 22321 | 431513 |
| Lynas Rare Earths Ltd.<sup>(a)</sup> | 112709 | 1493873 |
| Minerals 260 Ltd.<sup>(a)</sup> | 661615 | 329974 |
| Newmont Corp. | 115299 | 14988870 |
| NGEx Minerals Ltd.<sup>(a)</sup> | 49539 | 1144730 |
| Nickel Industries Ltd. | 977434 | 700657 |
| Norsk Hydro ASA | 206401 | 1915077 |
| Northern Star Resources Ltd. | 289225 | 6339742 |
| Nucor Corp. | 19730 | 3489842 |
| OR Royalties, Inc. | 49736 | 2356539 |
| Orla Mining Ltd. | 57271 | 1238587 |
| Osisko Metals, Inc.<sup>(a)</sup> | 467852 | 531631 |
| Pan American Silver Corp. | 22892 | 1572680 |
| Polyus PJSC<sup>(a)(d)</sup> | 462520 | 6 |
| Predictive Discovery Ltd.<sup>(a)</sup> | 1533641 | 1083908 |
| Reliance, Inc. | 600 | 189384 |
| Rio Tinto PLC | 78063 | 7733676 |
| Rio2 Ltd.<sup>(a)</sup> | 178906 | 497089 |
| Robex Resources, Inc.<sup>(a)</sup> | 127135 | 730720 |
| Royal Gold, Inc. | 7500 | 2248425 |
| Rupert Resources Ltd.<sup>(a)</sup> | 21058 | 123966 |
| &nbsp;&nbsp;&nbsp; Rupert Resources Ltd. (Acquired 02/24/23, cost <br> $315,608)<sup>(a)(c)</sup><br>| 91372 | 537896 |
| Sociedad Minera Cerro Verde SAA | 22938 | 1422156 |
| Solaris Resources, Inc.<sup>(a)</sup> | 72359 | 779793 |
| Solaris Resources, Inc.<sup>(a)</sup> | 39000 | 420293 |
| Southern Copper Corp. | 8214 | 1793116 |
| Steel Dynamics, Inc. | 15161 | 2928044 |
| Titan Mining Corp.<sup>(a)</sup> | 13849 | 59900 |
| Titan Mining Corp.<sup>(a)(b)</sup> | 26790 | 115876 |
| Torex Gold Resources, Inc. | 46270 | 2819178 |
| Vale SA, ADR | 370910 | 6372234 |
| Valterra Platinum Ltd. | 31576 | 3707404 |
| Wheaton Precious Metals Corp. | 76200 | 12416681 |
| Zijin Gold International Co. Ltd.<sup>(a)</sup> | 21100 | 622541 |
| Zijin Mining Group Co. Ltd., Class H | 552000 | 3159571 |
|  |  | 216980593 |
| **Oil, Gas & Consumable Fuels — 12.6%** | **Oil, Gas & Consumable Fuels — 12.6%** | **Oil, Gas & Consumable Fuels — 12.6%** |
| California Resources Corp. | 12605 | 741678 |
| Cameco Corp. | 12083 | 1430627 |
| Cameco Corp. (CAD) | 22368 | 2646346 |
| Canadian Natural Resources Ltd. | 131475 | 5751338 |
| Cheniere Energy, Inc. | 19724 | 4649538 |
| Chevron Corp. | 97776 | 18260646 |
| ConocoPhillips | 46263 | 5249000 |
| EQT Corp. | 30199 | 1854823 |
| Exxon Mobil Corp. | 214577 | 32722992 |
| Gazprom PJSC<sup>(a)(d)</sup> | 712200 | 92 |
| Gaztransport Et Technigaz SA | 8705 | 1988030 |
| Kinder Morgan, Inc. | 156280 | 5199436 |
| Kosmos Energy Ltd.<sup>(a)</sup> | 269294 | 627455 |
| Pembina Pipeline Corp. | 23748 | 1043725 |
| Permian Resources Corp., Class A | 200933 | 3675065 |
| Repsol SA | 107635 | 2435843 |
| Shell PLC | 356108 | 14914827 |
| Suncor Energy, Inc. | 92031 | 5198481 |
| Targa Resources Corp. | 21550 | 5081490 |

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

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

---

| | | |
|:---|:---|:---|
| *Security* | <br> *Shares*<br>| *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| TC Energy Corp. | 90427 | $5810584 |
| TotalEnergies SE | 130570 | 10458868 |
| Valero Energy Corp. | 26713 | 5466548 |
| Williams Cos., Inc. (The) | 89149 | 6661213 |
|  |  | 141868645 |
| **Paper & Forest Products — 1.4%** | **Paper & Forest Products — 1.4%** | **Paper & Forest Products — 1.4%** |
| Mondi PLC | 662734 | 7922631 |
| UPM-Kymmene Oyj | 272019 | 8662506 |
|  |  | 16585137 |
| **Total Common Stocks — 49.5%** <br>**(Cost: $350,485,541)** | **Total Common Stocks — 49.5%** <br>**(Cost: $350,485,541)** | 557151066 |
| **Rights** | **Rights** | **Rights** |
| **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** | **Metals & Mining — 0.0%** |
| Kinross Gold Corp., CVR<sup>(a)</sup> | 11812 | 20081 |
| **Total Rights — 0.0%** <br>**(Cost: $—)** | **Total Rights — 0.0%** <br>**(Cost: $—)** | 20081 |
| **Total Long-Term Investments — 49.5%** <br>**(Cost: $350,485,541)** | **Total Long-Term Investments — 49.5%** <br>**(Cost: $350,485,541)** | 557171147 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.6%** | **Money Market Funds — 1.6%** | **Money Market Funds — 1.6%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 3.84%<sup>(e)(f)(g)</sup><br>| 5193212 | 5195809 |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, Institutional <br> Shares, 3.56%<sup>(e)(f)</sup><br>| 12883105 | 12883105 |
|  |  | 18078914 |

---

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

---

| | | | |
|:---|:---|:---|:---|
| *Security* |  | *Par* <br>*(000)*<br>| *Value* |
| **U.S. Treasury Obligations**<sup>(h)</sup> **— 47.2%** | **U.S. Treasury Obligations**<sup>(h)</sup> **— 47.2%** | **U.S. Treasury Obligations**<sup>(h)</sup> **— 47.2%** | **U.S. Treasury Obligations**<sup>(h)</sup> **— 47.2%** |
| U.S. Treasury Bills, 3.62%, 05/28/26 | USD  | 535000 | $530367317 |
| **Total Short-Term Securities — 48.8%** <br>**(Cost: $548,386,445)** | **Total Short-Term Securities — 48.8%** <br>**(Cost: $548,386,445)** | **Total Short-Term Securities — 48.8%** <br>**(Cost: $548,386,445)** | 548446231 |
| **Total Investments — 98.3%** <br>**(Cost: $898,871,986)** | **Total Investments — 98.3%** <br>**(Cost: $898,871,986)** | **Total Investments — 98.3%** <br>**(Cost: $898,871,986)** | 1105617378 |
| **Other Assets Less Liabilities — 1.7%** | **Other Assets Less Liabilities — 1.7%** | **Other Assets Less Liabilities — 1.7%** | 19515893 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1125133271 |

---

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

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

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

<sup>(c)</sup> Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $969,409, representing 0.1% of its net assets as of period end, and an original cost of $438,178. 

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

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

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

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

<sup>(h)</sup> Rates are discount rates or a range of discount rates as of period end.

**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>| *Proceeds* <br>*from Sales*<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<br>| &nbsp;&nbsp; $6935794<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1740394 )<sup>(a)</sup><br>| &nbsp;&nbsp; $356 | &nbsp;&nbsp; $53 | &nbsp;&nbsp; $5195809 | &nbsp;&nbsp; 5193212 | &nbsp;&nbsp; $57093 <br><sup>(b)</sup><br>| &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, T-Fund, <br> Institutional Shares<br>| &nbsp;&nbsp; 7285557<br>| &nbsp;&nbsp; 5597548 <br><sup>(a)</sup><br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 12883105 | &nbsp;&nbsp; 12883105 | &nbsp;&nbsp; 250744 | &nbsp;&nbsp; — |
|  |  |  |  | &nbsp;&nbsp; $356 | &nbsp;&nbsp; $53 | &nbsp;&nbsp; $18078914 |  | &nbsp;&nbsp; $307837 | &nbsp;&nbsp; $— |

---

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

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

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

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

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

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

**OTC Total Return Swaps** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination* <br>*Date*<br>| *Notional* <br>*Amount* <br>*(000)* | *Notional* <br>*Amount* <br>*(000)* | *Value* | *Upfront* <br>*Premium* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 03/02/26 | USD | 20342 | &nbsp;&nbsp; $2408774 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2408774 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 03/16/26 | USD | 7307 | &nbsp;&nbsp; 167973 | &nbsp;&nbsp; — | &nbsp;&nbsp; 167973 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 03/23/26 | USD | 136 | &nbsp;&nbsp; 2386 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2386 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 03/31/26 | USD | 4667 | &nbsp;&nbsp; 124473 | &nbsp;&nbsp; — | &nbsp;&nbsp; 124473 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 03/31/26 | USD | 1643 | &nbsp;&nbsp; 53029 | &nbsp;&nbsp; — | &nbsp;&nbsp; 53029 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Merrill Lynch International | 04/01/26 | USD | 14578 | &nbsp;&nbsp; 393328 | &nbsp;&nbsp; — | &nbsp;&nbsp; 393328 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 04/07/26 | USD | 11771 | &nbsp;&nbsp; 184015 | &nbsp;&nbsp; — | &nbsp;&nbsp; 184015 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 04/30/26 | USD | 552 | &nbsp;&nbsp; 816 | &nbsp;&nbsp; — | &nbsp;&nbsp; 816 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 04/30/26 | USD | 1324 | &nbsp;&nbsp; (75191)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (75191)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 04/30/26 | USD | 2326 | &nbsp;&nbsp; 78054 | &nbsp;&nbsp; — | &nbsp;&nbsp; 78054 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Merrill Lynch International | 04/30/26 | USD | 300 | &nbsp;&nbsp; (22)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (22)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 05/12/26 | USD | 395 | &nbsp;&nbsp; 18747 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18747 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 05/12/26 | USD | 465 | &nbsp;&nbsp; 6512 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6512 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 05/12/26 | USD | 246 | &nbsp;&nbsp; 4489 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4489 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 06/01/26 | USD | 2297 | &nbsp;&nbsp; 48155 | &nbsp;&nbsp; — | &nbsp;&nbsp; 48155 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 06/01/26 | USD | 1505 | &nbsp;&nbsp; (32366)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (32366)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 06/01/26 | USD | 1272 | &nbsp;&nbsp; 136848 | &nbsp;&nbsp; — | &nbsp;&nbsp; 136848 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 06/01/26 | USD | 150 | &nbsp;&nbsp; 15018 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15018 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 06/05/26 | USD | 432 | &nbsp;&nbsp; (7118)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (7118)<br>|

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 06/05/26 | USD | 235 | &nbsp;&nbsp; $22362 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $22362 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 06/05/26 | USD | 483 | &nbsp;&nbsp; (5525)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (5525)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 06/05/26 | USD | 103 | &nbsp;&nbsp; 6252 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6252 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 06/25/26 | USD | 498 | &nbsp;&nbsp; 47541 | &nbsp;&nbsp; — | &nbsp;&nbsp; 47541 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 06/25/26 | USD | 298 | &nbsp;&nbsp; 21570 | &nbsp;&nbsp; — | &nbsp;&nbsp; 21570 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Merrill Lynch International | 06/25/26 | USD | 607 | &nbsp;&nbsp; 5637 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5637 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 06/25/26 | USD | 134 | &nbsp;&nbsp; 5663 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5663 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 07/01/26 | USD | 3122 | &nbsp;&nbsp; 144456 | &nbsp;&nbsp; — | &nbsp;&nbsp; 144456 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Merrill Lynch International | 07/01/26 | USD | 13559 | &nbsp;&nbsp; 365854 | &nbsp;&nbsp; — | &nbsp;&nbsp; 365854 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 07/08/26 | USD | 1193 | &nbsp;&nbsp; 184522 | &nbsp;&nbsp; — | &nbsp;&nbsp; 184522 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 07/08/26 | USD | 197 | &nbsp;&nbsp; 2695 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2695 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 07/08/26 | USD | 1347 | &nbsp;&nbsp; 38307 | &nbsp;&nbsp; — | &nbsp;&nbsp; 38307 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Merrill Lynch International | 07/08/26 | USD | 1324 | &nbsp;&nbsp; 10551 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10551 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 07/21/26 | USD | 49823 | &nbsp;&nbsp; 2323387 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2323387 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Societe Generale | 07/21/26 | USD | 74323 | &nbsp;&nbsp; 4474093 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4474093 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 07/21/26 | USD | 12598 | &nbsp;&nbsp; 58876 | &nbsp;&nbsp; — | &nbsp;&nbsp; 58876 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 07/31/26 | USD | 426 | &nbsp;&nbsp; 51536 | &nbsp;&nbsp; — | &nbsp;&nbsp; 51536 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 07/31/26 | USD | 2519 | &nbsp;&nbsp; 3728 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3728 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Merrill Lynch International | 07/31/26 | USD | 2699 | &nbsp;&nbsp; 90566 | &nbsp;&nbsp; — | &nbsp;&nbsp; 90566 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 08/31/26 | USD | 3925 | &nbsp;&nbsp; (391)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (391)<br>|

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 08/31/26 | USD | 3872 | &nbsp;&nbsp; $(386)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(386)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 08/31/26 | USD | 1148 | &nbsp;&nbsp; (114)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (114)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 08/31/26 | USD | 3914 | &nbsp;&nbsp; (390)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (390)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 08/31/26 | USD | 578 | &nbsp;&nbsp; (58)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (58)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 09/02/26 | USD | 476 | &nbsp;&nbsp; 13378 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13378 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Merrill Lynch International | 09/03/26 | USD | 1408 | &nbsp;&nbsp; 108913 | &nbsp;&nbsp; — | &nbsp;&nbsp; 108913 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 09/11/26 | USD | 703 | &nbsp;&nbsp; 198418 | &nbsp;&nbsp; — | &nbsp;&nbsp; 198418 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 09/11/26 | USD | 465 | &nbsp;&nbsp; 34012 | &nbsp;&nbsp; — | &nbsp;&nbsp; 34012 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 09/11/26 | USD | 281 | &nbsp;&nbsp; 25223 | &nbsp;&nbsp; — | &nbsp;&nbsp; 25223 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 09/11/26 | USD | 115 | &nbsp;&nbsp; 5503 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5503 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 09/11/26 | USD | 571 | &nbsp;&nbsp; (3182)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3182)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 09/25/26 | USD | 754 | &nbsp;&nbsp; 127384 | &nbsp;&nbsp; — | &nbsp;&nbsp; 127384 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 09/25/26 | USD | 446 | &nbsp;&nbsp; 42617 | &nbsp;&nbsp; — | &nbsp;&nbsp; 42617 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 09/25/26 | USD | 279 | &nbsp;&nbsp; 20219 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20219 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 09/25/26 | USD | 551 | &nbsp;&nbsp; 5114 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5114 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 09/25/26 | USD | 113 | &nbsp;&nbsp; 4751 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4751 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 09/30/26 | USD | 308 | &nbsp;&nbsp; 74013 | &nbsp;&nbsp; — | &nbsp;&nbsp; 74013 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 09/30/26 | USD | 559 | &nbsp;&nbsp; 71066 | &nbsp;&nbsp; — | &nbsp;&nbsp; 71066 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 09/30/26 | USD | 951 | &nbsp;&nbsp; 48402 | &nbsp;&nbsp; — | &nbsp;&nbsp; 48402 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Merrill Lynch International | 09/30/26 | USD | 1974 | &nbsp;&nbsp; 52637 | &nbsp;&nbsp; — | &nbsp;&nbsp; 52637 |

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 10/07/26 | USD | 432 | &nbsp;&nbsp; $72305 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $72305 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 10/07/26 | USD | 577 | &nbsp;&nbsp; 3333 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3333 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 10/07/26 | USD | 308 | &nbsp;&nbsp; 4808 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4808 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 10/07/26 | USD | 116 | &nbsp;&nbsp; 2313 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2313 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 10/13/26 | USD | 2768 | &nbsp;&nbsp; 337910 | &nbsp;&nbsp; — | &nbsp;&nbsp; 337910 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 10/13/26 | USD | 1567 | &nbsp;&nbsp; 163061 | &nbsp;&nbsp; — | &nbsp;&nbsp; 163061 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 10/13/26 | USD | 1934 | &nbsp;&nbsp; 57448 | &nbsp;&nbsp; — | &nbsp;&nbsp; 57448 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 10/13/26 | USD | 1074 | &nbsp;&nbsp; (2917)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2917)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 10/13/26 | USD | 404 | &nbsp;&nbsp; 3291 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3291 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 10/14/26 | USD | 8023 | &nbsp;&nbsp; 794879 | &nbsp;&nbsp; — | &nbsp;&nbsp; 794879 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 10/14/26 | USD | 14088 | &nbsp;&nbsp; 1500967 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1500967 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 10/16/26 | USD | 416 | &nbsp;&nbsp; 56834 | &nbsp;&nbsp; — | &nbsp;&nbsp; 56834 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 10/16/26 | USD | 762 | &nbsp;&nbsp; 87275 | &nbsp;&nbsp; — | &nbsp;&nbsp; 87275 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 10/16/26 | USD | 289 | &nbsp;&nbsp; 4359 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4359 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 10/16/26 | USD | 532 | &nbsp;&nbsp; 12634 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12634 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 10/16/26 | USD | 110 | &nbsp;&nbsp; 1290 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1290 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 10/22/26 | USD | 1590 | &nbsp;&nbsp; 60494 | &nbsp;&nbsp; — | &nbsp;&nbsp; 60494 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 10/22/26 | USD | 869 | &nbsp;&nbsp; 50379 | &nbsp;&nbsp; — | &nbsp;&nbsp; 50379 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 10/22/26 | USD | 1030 | &nbsp;&nbsp; 28128 | &nbsp;&nbsp; — | &nbsp;&nbsp; 28128 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 10/22/26 | USD | 561 | &nbsp;&nbsp; 8686 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8686 |

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 10/22/26 | USD | 215 | &nbsp;&nbsp; $804 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $804 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 10/27/26 | USD | 638 | &nbsp;&nbsp; 6261 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6261 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 10/27/26 | USD | 1169 | &nbsp;&nbsp; (13759)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (13759)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 10/27/26 | USD | 726 | &nbsp;&nbsp; 14663 | &nbsp;&nbsp; — | &nbsp;&nbsp; 14663 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 10/27/26 | USD | 153 | &nbsp;&nbsp; (1033)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1033)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 10/27/26 | USD | 400 | &nbsp;&nbsp; (572)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (572)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 10/29/26 | USD | 537 | &nbsp;&nbsp; (14765)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (14765)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 10/29/26 | USD | 777 | &nbsp;&nbsp; (21362)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (21362)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Merrill Lynch International | 10/29/26 | USD | 591 | &nbsp;&nbsp; 11725 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11725 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Societe Generale | 10/29/26 | USD | 844 | &nbsp;&nbsp; (52813)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (52813)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 11/02/26 | USD | 5812 | &nbsp;&nbsp; 342361 | &nbsp;&nbsp; — | &nbsp;&nbsp; 342361 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Merrill Lynch International | 11/02/26 | USD | 6185 | &nbsp;&nbsp; 238941 | &nbsp;&nbsp; — | &nbsp;&nbsp; 238941 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 11/02/26 | USD | 1969 | &nbsp;&nbsp; (23093)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (23093)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 11/05/26 | USD | 829 | &nbsp;&nbsp; 82910 | &nbsp;&nbsp; — | &nbsp;&nbsp; 82910 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 11/05/26 | USD | 535 | &nbsp;&nbsp; 11507 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11507 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 11/05/26 | USD | 306 | &nbsp;&nbsp; 8824 | &nbsp;&nbsp; — | &nbsp;&nbsp; 8824 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 11/05/26 | USD | 123 | &nbsp;&nbsp; (960)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (960)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 11/05/26 | USD | 580 | &nbsp;&nbsp; 12853 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12853 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 11/13/26 | USD | 3127 | &nbsp;&nbsp; 214101 | &nbsp;&nbsp; — | &nbsp;&nbsp; 214101 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 11/13/26 | USD | 1912 | &nbsp;&nbsp; 91848 | &nbsp;&nbsp; — | &nbsp;&nbsp; 91848 |

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 11/13/26 | USD | 1126 | &nbsp;&nbsp; $27430 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $27430 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 11/13/26 | USD | 448 | &nbsp;&nbsp; (1262)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1262)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 11/13/26 | USD | 2136 | &nbsp;&nbsp; 39267 | &nbsp;&nbsp; — | &nbsp;&nbsp; 39267 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 11/19/26 | USD | 509 | &nbsp;&nbsp; 5702 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5702 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 11/19/26 | USD | 549 | &nbsp;&nbsp; 9523 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9523 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 11/19/26 | USD | 289 | &nbsp;&nbsp; 7930 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7930 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Societe Generale | 11/19/26 | USD | 796 | &nbsp;&nbsp; 61850 | &nbsp;&nbsp; — | &nbsp;&nbsp; 61850 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 11/19/26 | USD | 117 | &nbsp;&nbsp; (2187)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2187)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 12/01/26 | USD | 1714 | &nbsp;&nbsp; 553890 | &nbsp;&nbsp; — | &nbsp;&nbsp; 553890 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 12/01/26 | USD | 4908 | &nbsp;&nbsp; 102998 | &nbsp;&nbsp; — | &nbsp;&nbsp; 102998 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 12/01/26 | USD | 1883 | &nbsp;&nbsp; (40469)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (40469)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 12/01/26 | USD | 595 | &nbsp;&nbsp; 63970 | &nbsp;&nbsp; — | &nbsp;&nbsp; 63970 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 12/02/26 | USD | 3132 | &nbsp;&nbsp; (70905)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (70905)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 12/22/26 | USD | 1618 | &nbsp;&nbsp; 368708 | &nbsp;&nbsp; — | &nbsp;&nbsp; 368708 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 12/22/26 | USD | 653 | &nbsp;&nbsp; 54907 | &nbsp;&nbsp; — | &nbsp;&nbsp; 54907 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 12/22/26 | USD | 956 | &nbsp;&nbsp; 121980 | &nbsp;&nbsp; — | &nbsp;&nbsp; 121980 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Merrill Lynch International | 12/22/26 | USD | 924 | &nbsp;&nbsp; 18479 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18479 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 12/22/26 | USD | 241 | &nbsp;&nbsp; 9652 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9652 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 12/23/26 | USD | 695 | &nbsp;&nbsp; 68214 | &nbsp;&nbsp; — | &nbsp;&nbsp; 68214 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 12/23/26 | USD | 787 | &nbsp;&nbsp; 13852 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13852 |

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 12/23/26 | USD | 393 | &nbsp;&nbsp; $29879 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $29879 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 12/23/26 | USD | 154 | &nbsp;&nbsp; 6460 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6460 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Societe Generale | 12/23/26 | USD | 1017 | &nbsp;&nbsp; 211230 | &nbsp;&nbsp; — | &nbsp;&nbsp; 211230 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Macquarie Bank Ltd. | 12/28/26 | USD | 809 | &nbsp;&nbsp; 136779 | &nbsp;&nbsp; — | &nbsp;&nbsp; 136779 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 12/28/26 | USD | 119 | &nbsp;&nbsp; 5040 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5040 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Macquarie Bank Ltd. | 12/28/26 | USD | 528 | &nbsp;&nbsp; 60545 | &nbsp;&nbsp; — | &nbsp;&nbsp; 60545 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 12/28/26 | USD | 612 | &nbsp;&nbsp; 5730 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5730 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 12/28/26 | USD | 309 | &nbsp;&nbsp; 16241 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16241 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 12/30/26 | USD | 315 | &nbsp;&nbsp; 30404 | &nbsp;&nbsp; — | &nbsp;&nbsp; 30404 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 12/30/26 | USD | 464 | &nbsp;&nbsp; 90319 | &nbsp;&nbsp; — | &nbsp;&nbsp; 90319 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 12/30/26 | USD | 70 | &nbsp;&nbsp; 2462 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2462 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 12/30/26 | USD | 355 | &nbsp;&nbsp; 7033 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7033 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 12/30/26 | USD | 183 | &nbsp;&nbsp; 7907 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7907 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 01/05/27 | USD | 987 | &nbsp;&nbsp; 15333 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15333 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 01/05/27 | USD | 637 | &nbsp;&nbsp; 9941 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9941 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 01/05/27 | USD | 733 | &nbsp;&nbsp; 138644 | &nbsp;&nbsp; — | &nbsp;&nbsp; 138644 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 01/05/27 | USD | 474 | &nbsp;&nbsp; 68018 | &nbsp;&nbsp; — | &nbsp;&nbsp; 68018 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 01/05/27 | USD | 112 | &nbsp;&nbsp; 1650 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1650 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 01/08/27 | USD | 2267 | &nbsp;&nbsp; 441852 | &nbsp;&nbsp; — | &nbsp;&nbsp; 441852 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 01/08/27 | USD | 1459 | &nbsp;&nbsp; 225531 | &nbsp;&nbsp; — | &nbsp;&nbsp; 225531 |

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 01/08/27 | USD | 350 | &nbsp;&nbsp; $4782 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $4782 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 01/08/27 | USD | 907 | &nbsp;&nbsp; 25777 | &nbsp;&nbsp; — | &nbsp;&nbsp; 25777 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 01/08/27 | USD | 1754 | &nbsp;&nbsp; 13981 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13981 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Bank of America N.A. | 01/12/27 | USD | 563 | &nbsp;&nbsp; 9219 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9219 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 01/12/27 | USD | 2782 | &nbsp;&nbsp; 69499 | &nbsp;&nbsp; — | &nbsp;&nbsp; 69499 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 01/12/27 | USD | 2404 | &nbsp;&nbsp; 311394 | &nbsp;&nbsp; — | &nbsp;&nbsp; 311394 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 01/12/27 | USD | 3884 | &nbsp;&nbsp; 481593 | &nbsp;&nbsp; — | &nbsp;&nbsp; 481593 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 01/12/27 | USD | 1511 | &nbsp;&nbsp; (7554)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (7554)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 01/15/27 | USD | 33707 | &nbsp;&nbsp; 4899808 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4899808 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 01/15/27 | USD | 23694 | &nbsp;&nbsp; 726868 | &nbsp;&nbsp; — | &nbsp;&nbsp; 726868 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 01/15/27 | USD | 4099 | &nbsp;&nbsp; 4206 | &nbsp;&nbsp; — | &nbsp;&nbsp; 4206 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 01/15/27 | USD | 3846 | &nbsp;&nbsp; (43263)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (43263)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 01/19/27 | USD | 646 | &nbsp;&nbsp; 73990 | &nbsp;&nbsp; — | &nbsp;&nbsp; 73990 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 01/19/27 | USD | 761 | &nbsp;&nbsp; 103980 | &nbsp;&nbsp; — | &nbsp;&nbsp; 103980 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 01/19/27 | USD | 371 | &nbsp;&nbsp; 5603 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5603 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 01/19/27 | USD | 796 | &nbsp;&nbsp; 18909 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18909 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 01/19/27 | USD | 157 | &nbsp;&nbsp; 1842 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1842 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 01/20/27 | USD | 7123 | &nbsp;&nbsp; 241044 | &nbsp;&nbsp; — | &nbsp;&nbsp; 241044 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 01/20/27 | USD | 1248 | &nbsp;&nbsp; 96479 | &nbsp;&nbsp; — | &nbsp;&nbsp; 96479 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 01/20/27 | USD | 1048 | &nbsp;&nbsp; 70672 | &nbsp;&nbsp; — | &nbsp;&nbsp; 70672 |

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 01/20/27 | USD | 574 | &nbsp;&nbsp; $11515 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $11515 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 01/20/27 | USD | 246 | &nbsp;&nbsp; 1441 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1441 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Goldman Sachs International | 01/21/27 | USD | 307 | &nbsp;&nbsp; 5858 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5858 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 01/21/27 | USD | 435 | &nbsp;&nbsp; 20297 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20297 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 01/21/27 | USD | 405 | &nbsp;&nbsp; 13035 | &nbsp;&nbsp; — | &nbsp;&nbsp; 13035 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Societe Generale | 01/21/27 | USD | 109 | &nbsp;&nbsp; 510 | &nbsp;&nbsp; — | &nbsp;&nbsp; 510 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 01/26/27 | USD | 1281 | &nbsp;&nbsp; 33358 | &nbsp;&nbsp; — | &nbsp;&nbsp; 33358 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 01/28/27 | USD | 9871 | &nbsp;&nbsp; 193453 | &nbsp;&nbsp; — | &nbsp;&nbsp; 193453 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 01/28/27 | USD | 2626 | &nbsp;&nbsp; 17952 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17952 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 02/01/27 | USD | 859 | &nbsp;&nbsp; (48882)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (48882)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 02/02/27 | USD | 2011 | &nbsp;&nbsp; 58954 | &nbsp;&nbsp; — | &nbsp;&nbsp; 58954 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 02/05/27 | USD | 767 | &nbsp;&nbsp; 16982 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16982 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 02/05/27 | USD | 622 | &nbsp;&nbsp; 62216 | &nbsp;&nbsp; — | &nbsp;&nbsp; 62216 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 02/05/27 | USD | 821 | &nbsp;&nbsp; 17656 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17656 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 02/05/27 | USD | 153 | &nbsp;&nbsp; (1195)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1195)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 02/05/27 | USD | 349 | &nbsp;&nbsp; 10071 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10071 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 02/08/27 | USD | 778 | &nbsp;&nbsp; 22040 | &nbsp;&nbsp; — | &nbsp;&nbsp; 22040 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 02/08/27 | USD | 644 | &nbsp;&nbsp; 53306 | &nbsp;&nbsp; — | &nbsp;&nbsp; 53306 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 02/08/27 | USD | 837 | &nbsp;&nbsp; 18990 | &nbsp;&nbsp; — | &nbsp;&nbsp; 18990 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 02/08/27 | USD | 157 | &nbsp;&nbsp; (2050)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2050)<br>|

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 02/08/27 | USD | 361 | &nbsp;&nbsp; $6303 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6303 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 02/11/27 | USD | 909 | &nbsp;&nbsp; 21904 | &nbsp;&nbsp; — | &nbsp;&nbsp; 21904 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 02/11/27 | USD | 777 | &nbsp;&nbsp; 34296 | &nbsp;&nbsp; — | &nbsp;&nbsp; 34296 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 02/11/27 | USD | 970 | &nbsp;&nbsp; 26830 | &nbsp;&nbsp; — | &nbsp;&nbsp; 26830 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 02/11/27 | USD | 426 | &nbsp;&nbsp; 403 | &nbsp;&nbsp; — | &nbsp;&nbsp; 403 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 02/11/27 | USD | 183 | &nbsp;&nbsp; (2668)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (2668)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 02/18/27 | USD | 1071 | &nbsp;&nbsp; 23921 | &nbsp;&nbsp; — | &nbsp;&nbsp; 23921 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | Goldman Sachs International | 02/18/27 | USD | 1138 | &nbsp;&nbsp; 34332 | &nbsp;&nbsp; — | &nbsp;&nbsp; 34332 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | JPMorgan Chase Bank N.A. | 02/18/27 | USD | 888 | &nbsp;&nbsp; 67175 | &nbsp;&nbsp; — | &nbsp;&nbsp; 67175 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 02/18/27 | USD | 216 | &nbsp;&nbsp; (3551)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (3551)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 02/18/27 | USD | 492 | &nbsp;&nbsp; 9913 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9913 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 02/22/27 | USD | 1940 | &nbsp;&nbsp; 99300 | &nbsp;&nbsp; — | &nbsp;&nbsp; 99300 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 02/22/27 | USD | 2483 | &nbsp;&nbsp; 22299 | &nbsp;&nbsp; — | &nbsp;&nbsp; 22299 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 02/22/27 | USD | 462 | &nbsp;&nbsp; (8039)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (8039)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 02/22/27 | USD | 1058 | &nbsp;&nbsp; 15510 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15510 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 02/22/27 | USD | 2318 | &nbsp;&nbsp; 21990 | &nbsp;&nbsp; — | &nbsp;&nbsp; 21990 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Bank of America N.A. | 02/24/27 | USD | 767 | &nbsp;&nbsp; 7918 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7918 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 02/24/27 | USD | 661 | &nbsp;&nbsp; 15160 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15160 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 02/24/27 | USD | 813 | &nbsp;&nbsp; 16416 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16416 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 02/24/27 | USD | 354 | &nbsp;&nbsp; 1721 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1721 |

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies Fund**

**OTC Total Return Swaps (continued)**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Paid by the Fund | Paid by the Fund | Received by the Fund | Received by the Fund |  |  |  |  |  |  |  |
| *Rate* | *Frequency* | *Reference* | *Frequency* | *Counterparty* | *Termination*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)* | *Notional*<br> *Amount*<br> *(000)* | *Value* | *Upfront*<br> *Premium*<br> *Paid*<br> *(Received)*<br>| *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 02/24/27 | USD | 153 | &nbsp;&nbsp; $(2650)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $(2650)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 02/26/27 | USD | 10835 | &nbsp;&nbsp; 55446 | &nbsp;&nbsp; — | &nbsp;&nbsp; 55446 |
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRPRT | Quarterly | Goldman Sachs International | 03/01/27 | USD | 7563 | &nbsp;&nbsp; (1507)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1507)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRENT | Quarterly | JPMorgan Chase Bank N.A. | 03/01/27 | USD | 5660 | &nbsp;&nbsp; (1129)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1129)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRINT | Quarterly | Macquarie Bank Ltd. | 03/01/27 | USD | 3626 | &nbsp;&nbsp; (723)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (723)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRLIT | Quarterly | Macquarie Bank Ltd. | 03/01/27 | USD | 1156 | &nbsp;&nbsp; (230)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (230)<br>|
| &nbsp;&nbsp;&nbsp; 3-month U.S. <br> Treasury Bill, <br> 3.67%<sup>(a)</sup> <br>| Quarterly | BCOMRAGT | Quarterly | Macquarie Bank Ltd. | 03/01/27 | USD | 7979 | &nbsp;&nbsp; (1591)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (1591)<br>|
|  |  |  |  |  |  |  |  | &nbsp;&nbsp; $27360650 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $27360650 |

---

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

<sup>(a)</sup> All or a portion of the security is held by a wholly-owned subsidiary.

**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 Consolidated 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; Chemicals | &nbsp;&nbsp; $70736065 | &nbsp;&nbsp; $13555478 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $84291543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | &nbsp;&nbsp; 1016885 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1016885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples Distribution & Retail | &nbsp;&nbsp; 1079620 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1079620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | &nbsp;&nbsp; 54900154 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 54900154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Equipment & Services | &nbsp;&nbsp; 4117674 | &nbsp;&nbsp; 1484440 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5602114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Food Products | &nbsp;&nbsp; 22232175 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 22232175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Machinery | &nbsp;&nbsp; 12594200 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 12594200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metals & Mining | &nbsp;&nbsp; 156242735 | &nbsp;&nbsp; 60737852 | &nbsp;&nbsp; 6 | &nbsp;&nbsp; 216980593 |

---

------

Consolidated Schedule of Investments (unaudited) (continued)

February 28, 2026

**BlackRock Commodity Strategies 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; Oil, Gas & Consumable Fuels | &nbsp;&nbsp; $112070985 | &nbsp;&nbsp; $29797568 | &nbsp;&nbsp; $92 | &nbsp;&nbsp; $141868645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paper & Forest Products | &nbsp;&nbsp; — | &nbsp;&nbsp; 16585137 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16585137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rights  | &nbsp;&nbsp; — | &nbsp;&nbsp; 20081 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20081 |
| &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; 18078914 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 18078914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 530367317 | &nbsp;&nbsp; — | &nbsp;&nbsp; 530367317 |
|  | &nbsp;&nbsp; $453069407 | &nbsp;&nbsp; $652547873 | &nbsp;&nbsp; $98 | &nbsp;&nbsp; $1105617378 |
| Derivative Financial Instruments<sup>(a)</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $27856522 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $27856522 |
| &nbsp;&nbsp;&nbsp; Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; (495872)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (495872)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp; $27360650 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $27360650 |

---

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

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

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

---

| | |
|:---|:---|
| **Currency Abbreviation**  | **Currency Abbreviation**  |
| CAD | Canadian Dollar |
| USD | United States Dollar |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| ADR | American Depositary Receipt |
| BCOMRAGT | Bloomberg Roll Select Agriculture Subindex Total Return<sup>SM</sup> <br>|
| BCOMRENT | Bloomberg Roll Select Energy Subindex Total Return<sup>SM</sup> <br>|
| BCOMRINT | Bloomberg Roll Select Industrial Metals Subindex Total Return<sup>SM</sup> <br>|
| BCOMRLIT | Bloomberg Roll Select Livestock Subindex Total Return<sup>SM</sup> <br>|
| BCOMRPRT | Bloomberg Roll Select Precious Metals Subindex Total Return<sup>SM</sup> <br>|
| CDI | CREST Depository Interest |
| CVR | Contingent Value Rights |
| OTC | Over-the-Counter |

---

------

## 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 Commodity Strategies Fund

- **b. EDGAR series identifier (if any):** S000033601

- **c. LEI of Series:** P7WNZ2Q36SS1IIU5DB52

**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:** $1133399702.93

**Total Liabilities:** $8474507.55

**Net Assets:** $1124925195.38

**Amount of Assets Invested in Other Investment Companies:** $109483547.15

**Cash Not Reported:** $19474916.52

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 6.82000000 | **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:** 0.02000000 | **1-Year:** 0.03000000 | **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 C000103250 | 1.91%                | 10.84%               | 6.87%                |
| Class ID C000103251 | 1.90%                | 10.78%               | 6.86%                |
| Class ID C000103252 | 2.02%                | 10.82%               | 6.89%                |
| Class ID C000198241 | 2.04%                | 10.81%               | 6.88%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2772590.37              | $11638586.32                               |
| Month 2  | $18949003.32             | $30494293.31                               |
| Month 3  | $1509544.75              | $58289621.22                               |

**Designated Index Information**

- **Index Name:** Bloomberg Commodity Index Total Return

- **Index Identifier:** BCOMTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $20297.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $816.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $58876.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $99299.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-1194.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $211230.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $553889.61    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $96478.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $25776.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $5040.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $9652.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $21990.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $138643.89    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $1721.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-40469.44    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $70672.23     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $1500967.42   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-7553.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $3727.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $3332.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $9912.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $4781.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $53029.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $5603.09      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-21.58       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $5857.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $27429.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-1261.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $25223.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-2916.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $55445.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $4751.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $71065.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $803.59       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $124472.51    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $167973.38    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $54907.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $15018.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $7032.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $28127.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $1841.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-110779.69   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $60545.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $4474092.88   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-2186.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $184521.77    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $78053.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $57447.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $120120.92    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $1650.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $198418.26    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $2323387.17   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-3181.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-52812.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $990476.59    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $4206.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-48882.48    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $4489.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $12633.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $2462.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-2668.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $1289.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $22040.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $163060.93    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $68017.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $794879.46    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $10550.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-3550.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $144456.35    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $73990.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $3291.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $18746.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $48401.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $22362.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $-13759.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $82909.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $214100.81    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-572.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $6260.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-5524.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $9523.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $69499.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $17952.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $62216.43     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $2385.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $8824.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $136778.55    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $103979.84    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-21361.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $33358.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $5701.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $38307.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $11515.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $2694.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $20218.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $16416.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $-23093.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $18989.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $726868.17    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-959.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $6512.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $368708.24    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $72305.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $90565.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $15159.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $9218.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-8038.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $16982.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $6302.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $42616.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $34012.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-2649.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $402.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $241044.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $4808.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corporation                                               | Newmont Corporation COM                                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    117993 | NS      | $15339090.00  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                                    | TC Energy Corp COM NPV                                                | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     97866 | NS      | $6288592.72   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Royalty Corp                                                 | Gold Royalty Corp COMMON SHARES                                       | CUSIP: 38071H106<br>LEI: 984500FC5D5B5YDB4B90 | Long             | EC               | CORP              | CA        |    253126 | NS      | $1182098.42   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Lundin Mining Corp                                                | Lundin Mining Corp COM NPV                                            | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |     54177 | NS      | $1726133.51   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd.                                            | Valterra Platinum Ltd. ZAR0.10                                        | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     31576 | NS      | $3707403.61   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp.                                         | Pan American Silver Corp. COM NPV                                     | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      2703 | NS      | $185438.03    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Develop Global Ltd                                                | Develop Global Ltd NPV                                                | CUSIP: 000000000<br>LEI: 5299008N5CYXCI98G291 | Long             | EC               | CORP              | AU        |    471345 | NS      | $1944221.76   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| RUPERT RESOURCES LTD                                              | RUPERT RESOURCES LTD                                                  | CUSIP: 000000000<br>LEI: 529900EEVS5CSPMXKZ88 | Long             | EC               | CORP              | CA        |     91372 | NS      | $537896.09    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $11724.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore PLC                                                      | Glencore PLC ORD USD0.01                                              | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   1373414 | NS      | $9923761.48   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| FireFly Metals Ltd                                                | FireFly Metals Ltd NPV                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    203442 | NS      | $315646.96    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Greatland Resources Ltd.                                          | Greatland Resources Ltd. NPV                                          | CUSIP: 000000000<br>LEI: 213800KQI75ZGE53GX44 | Long             | EC               | CORP              | AU        |     77759 | NS      | $780173.12    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Ero Copper Corp                                                   | Ero Copper Corp COM NPV                                               | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     10417 | NS      | $356333.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd.                                                | Ivanhoe Mines Ltd. COM NPV CL'A'                                      | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    124071 | NS      | $1418941.83   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC                                              | Endeavour Mining PLC ORD USD0.01                                      | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |     68133 | NS      | $4902499.14   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom Public Joint Stock Company                                | Gazprom Public Joint Stock Company RUB5(RUB)                          | CUSIP: 000000000<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    712200 | NS      | $92.13        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Artemis Gold Inc                                                  | Artemis Gold Inc COM                                                  | CUSIP: 04302L100<br>LEI: 529900GXBX7DGL5YMO49 | Long             | EC               | CORP              | CA        |     63580 | NS      | $2107758.22   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                                                | Eldorado Gold Corp COM                                                | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |     57353 | NS      | $2662326.26   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| IAMGOLD Corp                                                      | IAMGOLD Corp COM                                                      | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |     69291 | NS      | $1702479.87   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-1033.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Allied Gold Corp.                                                 | Allied Gold Corp. COM NEW                                             | CUSIP: 01921D204<br>LEI: 894500S5G4JFSRGK8L37 | Long             | EC               | CORP              | CA        |     15644 | NS      | $495222.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Funds III                                               | Blackrock Funds III INSTL MMKT                                        | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   5116515 | PA      | $5119073.57   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Subsea 7 SA                                                       | Subsea 7 SA COM USD2                                                  | CUSIP: 000000000<br>LEI: 222100AIF0CBCY80AH62 | Long             | EC               | CORP              | LU        |     29523 | NS      | $856402.74    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Aya Gold & Silver Inc                                             | Aya Gold & Silver Inc COM                                             | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |     12145 | NS      | $262924.27    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                                                   | Gold Fields Ltd SPONSORED ADR                                         | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     10471 | NS      | $616113.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                                     | Rio Tinto PLC ORD GBP0.10                                             | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     78063 | NS      | $7733675.90   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan American Silver Corp.                                         | Pan American Silver Corp. COM                                         | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     23271 | NS      | $1598717.70   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                                                | Anglo American PLC ORD USD0.623855311355311                           | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |    126372 | NS      | $6305024.74   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                                   | Norsk Hydro ASA NOK1.098                                              | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |    206401 | NS      | $1915076.99   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| G Mining Ventures Corp                                            | G Mining Ventures Corp COM                                            | CUSIP: 36270K102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     29094 | NS      | $1191445.21   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $12853.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mondi PLC                                                         | Mondi PLC ORD EUR0.22                                                 | CUSIP: 000000000<br>LEI: 213800LOZA69QFDC9N34 | Long             | EC               | CORP              | GB        |    649249 | NS      | $7761424.73   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| California Resources Corporation                                  | California Resources Corporation COM STOCK                            | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     13642 | NS      | $802695.28    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo PLC                                                     | Fresnillo PLC ORD USD0.50                                             | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | GB        |     16047 | NS      | $915629.77    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| FOUNDERS METALS PLACEMENT                                         | FOUNDERS METALS PLACEMENT                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    230890 | NS      | $856496.02    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bunge Global SA                                                   | Bunge Global SA COM SHS                                               | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |    180521 | NS      | $21779858.65  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| G2 Goldfields Inc                                                 | G2 Goldfields Inc COM                                                 | CUSIP: 36256R105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    115521 | NS      | $593674.87    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Deere & Company                                                   | Deere & Company COM                                                   | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     19593 | NS      | $12337908.03  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Galiano Gold Inc                                                  | Galiano Gold Inc COM                                                  | CUSIP: 36352H100<br>LEI: 529900V13XJFM0VPGC86 | Long             | EC               | CORP              | CA        |    144327 | NS      | $503644.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd.                                       | First Quantum Minerals Ltd. COM NPV                                   | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     30008 | NS      | $898447.07    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd.                                                    | BHP Group Ltd. NPV                                                    | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    122035 | NS      | $4951605.49   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-70904.94    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Lynas Rare Earths Ltd.                                            | Lynas Rare Earths Ltd. NPV                                            | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |    112709 | NS      | $1493872.86   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ZIJIN GOLD INTERNATIONAL COMPANY LI                               | ZIJIN GOLD INTERNATIONAL COMPANY LI NPV                               | CUSIP: 000000000<br>LEI: 254900FINUJR4MZ8A417 | Long             | EC               | CORP              | HK        |     21100 | NS      | $622541.16    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                                                 | Kosmos Energy Ltd COM                                                 | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |    291449 | NS      | $679076.17    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                                               | Valero Energy Corp. COM                                               | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     28911 | NS      | $5916347.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                                                   | EQT Corporation COM                                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     32683 | NS      | $2007389.86   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                                  | TotalEnergies SE EUR2.5                                               | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    141312 | NS      | $11319319.11  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                      | B 0 05/28/26                                                          | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 511000000 | PA      | $506575138.58 | 45.03%            | 2026-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kinross Gold Corp.                                                | Kinross Gold Corp. COM NPV                                            | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    309194 | NS      | $11428878.33  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Capricorn Metals Ltd                                              | Capricorn Metals Ltd NPV                                              | CUSIP: 000000000<br>LEI: 529900CRG304NUYMOV23 | Long             | EC               | CORP              | AU        |     36785 | NS      | $392790.31    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DPM Metals Inc.                                                   | DPM Metals Inc. COM                                                   | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     36157 | NS      | $1565508.90   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $74012.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Minerals 260 Limited                                              | Minerals 260 Limited NPV                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    661615 | NS      | $329973.85    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Coeur Mining Inc                                                  | Coeur Mining Inc COM NEW                                              | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     61723 | NS      | $1675779.45   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                               | Cheniere Energy Inc COM NEW                                           | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     21347 | NS      | $5032128.31   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                                    | TechnipFMC PLC USD1                                                   | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     52962 | NS      | $3511910.22   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Benz Mining Corp                                                  | Benz Mining Corp NPV (CDI 1:1)                                        | CUSIP: 000000000<br>LEI: 549300GDAU4EXWZFUR08 | Long             | EC               | CORP              | CA        |    240362 | NS      | $509739.78    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco Nevada Corp                                                | Franco Nevada Corp COM NPV                                            | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     27644 | NS      | $7726255.31   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited                                | Canadian Natural Resources Limited COM NPV                            | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    142292 | NS      | $6224525.23   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Nickel Industries Ltd.                                            | Nickel Industries Ltd. NPV                                            | CUSIP: 000000000<br>LEI: 54930007K0WX53TSIK16 | Long             | EC               | CORP              | AU        |    977434 | NS      | $700656.89    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Rupert Resources Ltd                                              | Rupert Resources Ltd COM                                              | CUSIP: 78165J105<br>LEI: 529900EEVS5CSPMXKZ88 | Long             | EC               | CORP              | CA        |     34492 | NS      | $203050.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti PLC                                             | Anglogold Ashanti PLC COM SHS                                         | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     85116 | NS      | $10875271.32  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $23920.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Martin Marietta Materials Inc                                     | Martin Marietta Materials Inc COM                                     | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      1503 | NS      | $1016884.71   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                                                  | Royal Gold, Inc. COM                                                  | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      7891 | NS      | $2365642.89   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                                             | Freeport-McMoRan Inc. CL B                                            | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     78219 | NS      | $5325149.52   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Chalice Mining Ltd                                                | Chalice Mining Ltd NPV                                                | CUSIP: 000000000<br>LEI: 5299008IXHWMQDOE1437 | Long             | EC               | CORP              | AU        |     66228 | NS      | $91115.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| ConocoPhillips                                                    | ConocoPhillips COM                                                    | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     50069 | NS      | $5680828.74   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corporation                                      | Pembina Pipeline Corporation COM NPV                                  | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     63816 | NS      | $2804713.32   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale S.A.                                                         | Vale S.A. SPONSORED ADS                                               | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    370910 | NS      | $6372233.80   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaztransport Et Technigaz SA                                      | Gaztransport Et Technigaz SA EUR0.01                                  | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |      9421 | NS      | $2151548.72   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Cameco Corporation                                                | Cameco Corporation COM                                                | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     12083 | NS      | $1430627.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Osisko Metals Incorporation                                       | Osisko Metals Incorporation COM                                       | CUSIP: 688274109<br>LEI: 5493003KCD875ELH4484 | Long             | EC               | CORP              | CA        |     11748 | NS      | $13349.51     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $67174.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                                         | Linde PLC COM EUR0.001                                                | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      4846 | NS      | $2462155.68   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc                                                 | Centerra Gold Inc COM NPV                                             | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |     20141 | NS      | $423329.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                                              | Steel Dynamics, Inc. COM                                              | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     15161 | NS      | $2928043.93   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                                         | Repsol SA EUR1                                                        | CUSIP: 000000000<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |    107635 | NS      | $2435843.22   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Bellevue Gold Ltd.                                                | Bellevue Gold Ltd. NPV                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    488787 | NS      | $649446.25    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                                                 | HF Sinclair Corp. COM                                                 | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     19689 | NS      | $984646.89    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc.                                                  | Alamos Gold Inc. COM NPV CL A                                         | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |     60098 | NS      | $3257245.07   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corporation                               | Wheaton Precious Metals Corporation COM NPV                           | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     81106 | NS      | $13216106.90  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Polyus Public Joint Stock Company                                 | Polyus Public Joint Stock Company RUB1(RUB)                           | CUSIP: 000000000<br>LEI: 549300FUXVT7TF6ZKV71 | Long             | EC               | CORP              | RU        |    462520 | NS      | $5.98         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Foran Mining Corporation                                          | Foran Mining Corporation COM NEW                                      | CUSIP: 344911201<br>LEI: 529900LRYPIWB6RISB58 | Long             | EC               | CORP              | CA        |    406266 | NS      | $2186131.33   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $7907.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TITAN MINING LEGEND                                               | TITAN MINING LEGEND                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     13849 | NS      | $59900.39     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp.                                                     | Chevron Corp. COM                                                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105820 | NS      | $19762943.20  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonesis (Novozymes) B                                           | Novonesis (Novozymes) B SER'B'DKK2                                    | CUSIP: 000000000<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |    200454 | NS      | $11921753.95  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLARIS RES LEGEND                                                | SOLARIS RES LEGEND                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     39000 | NS      | $420292.51    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sociedad Minera Cerro Verde SA                                    | Sociedad Minera Cerro Verde SA USD2.83                                | CUSIP: 000000000<br>LEI: 5493002F857O2TX7EU13 | Long             | EC               | CORP              | PE        |     22938 | NS      | $1422156.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                                                | Liberty Energy Inc COM CL A                                           | CUSIP: 53115L104<br>LEI: 254900PKFJW6RILDCM60 | Long             | EC               | CORP              | US        |     33625 | NS      | $944526.25    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America                                  | Packaging Corporation of America COM                                  | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     93881 | NS      | $21793535.34  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide S.A.(L')                                              | Air Liquide S.A.(L') EUR5.50                                          | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      7134 | NS      | $1500104.34   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                     | Williams Companies Inc. (The) COM                                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     96483 | NS      | $7209209.76   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio2 Ltd New                                                      | Rio2 Ltd New COM NPV                                                  | CUSIP: 767217102<br>LEI: 2549009N9W290I0XSE73 | Long             | EC               | CORP              | CA        |    197098 | NS      | $547634.93    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $39266.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                             | Targa Resources Corp. COM                                             | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     23323 | NS      | $5499563.40   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                                                | Cameco Corporation COM NPV                                            | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     24208 | NS      | $2864035.07   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corporation                                                 | Alcoa Corporation COM                                                 | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     33837 | NS      | $2100600.96   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                                                 | Equinox Gold Corp COM                                                 | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |     49929 | NS      | $937049.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                                            | Permian Resources Corp CLASS A COM                                    | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    217464 | NS      | $3977416.56   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corporation                                       | Southern Copper Corporation COM                                       | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      8214 | NS      | $1793116.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueScope Steel (Finance) Ltd / BlueScope Steel Finance (USA) LLC | BlueScope Steel (Finance) Ltd / BlueScope Steel Finance (USA) LLC NPV | CUSIP: 000000000<br>LEI: 529900H6UQI16XACWC95 | Long             | EC               | CORP              | AU        |     61395 | NS      | $1223039.09   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Predictive Discovery Limited                                      | Predictive Discovery Limited NPV                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1533641 | NS      | $1083907.77   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Silver Corp                                             | Discovery Silver Corp COM                                             | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |    283455 | NS      | $2341950.70   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Nutrien Ltd                                                       | Nutrien Ltd COM                                                       | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    506262 | NS      | $38005088.34  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $90319.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $225530.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Blackstone Minerals Ltd                                           | Blackstone Minerals Ltd NPV                                           | CUSIP: 000000000<br>LEI: 529900WXEF13Q8S2X594 | Long             | EC               | CORP              | AU        |    849513 | NS      | $27205.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| TITAN MINING CORP                                                 | Titan Mining Corporation COM SHS NEW                                  | CUSIP: 88831L202<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     26790 | NS      | $115876.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| OR Royalties Inc.                                                 | OR Royalties Inc. COM SHS                                             | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |     55813 | NS      | $2644473.58   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCOR ENERGY INC                                                 | Suncor Energy Inc. COM NPV 'NEW'                                      | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     99602 | NS      | $5626138.41   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerald Resources NL                                              | Emerald Resources NL NPV                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    119526 | NS      | $613686.34    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Solaris Resources Inc                                             | Solaris Resources Inc COM NEW                                         | CUSIP: 83419D201<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     72359 | NS      | $779793.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ngex Minerals Ltd                                                 | Ngex Minerals Ltd COM                                                 | CUSIP: 62930A102<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |     49539 | NS      | $1144730.24   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corporation                                                 | Nucor Corporation COM                                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     19730 | NS      | $3489842.40   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock plc                                              | Smurfit WestRock plc COM USD0.001                                     | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |    680483 | NS      | $31989505.83  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd.                                        | Zijin Mining Group Co Ltd. 'H'CNY0.1                                  | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    552000 | NS      | $3159570.63   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $481593.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Champion Iron Ltd.                                                | Champion Iron Ltd. NPV                                                | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |     85282 | NS      | $325334.73    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                                            | Agnico Eagle Mines Ltd COM NPV                                        | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     48272 | NS      | $12125241.27  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Orla Mining Ltd New                                               | Orla Mining Ltd New COM                                               | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |     68671 | NS      | $1485132.14   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                                         | BlackRock Liquidity Funds T FUND INSTL SHS                            | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  11675808 | PA      | $11675808.34  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hycroft Mining Holding Corporation                                | Hycroft Mining Holding Corporation CL A NEW                           | CUSIP: 44862P208<br>LEI: 254900T7FYMGS29WIF55 | Long             | EC               | CORP              | US        |      8810 | NS      | $443759.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                                      | Reliance Inc COM                                                      | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       600 | NS      | $189384.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Iluka Resources Ltd.                                              | Iluka Resources Ltd. NPV                                              | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |     42375 | NS      | $203300.10    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Mining Corp.                                              | Barrick Mining Corp. COM SHS                                          | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    296506 | NS      | $15044714.44  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                                            | Grupo Mexico SAB de CV SER'B'COM NPV                                  | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    167424 | NS      | $2121818.73   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Robex Resources Inc                                               | Robex Resources Inc COM NEW                                           | CUSIP: 76125Y600<br>LEI: 529900UBILRW1I57HF58 | Long             | EC               | CORP              | CA        |    151773 | NS      | $872328.96    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $7918.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lithium Royalty Corp                                              | Lithium Royalty Corp COM                                              | CUSIP: 53680W105<br>LEI: 549300PNTZ1SGOX9FY92 | Long             | EC               | CORP              | CA        |     59819 | NS      | $476692.59    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal S.A.                                                | ArcelorMittal S.A. NPV                                                | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |     47964 | NS      | $3142069.79   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| UPM-Kymmene Corporation                                           | UPM-Kymmene Corporation NPV                                           | CUSIP: 000000000<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |    266484 | NS      | $8486242.57   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Gold Inc                                                   | Lundin Gold Inc COM NPV                                               | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      6796 | NS      | $640564.29    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                                       | Corteva Inc COM                                                       | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    362741 | NS      | $29062808.92  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                                          | Torex Gold Resources Inc COM NPV (POST REV SPLT)                      | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |     54954 | NS      | $3348284.11   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                                 | Exxon Mobil Corp. COM                                                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    232231 | NS      | $35415227.50  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                     | Alimentation Couche-Tard Inc. COM                                     | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     19254 | NS      | $1168466.05   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc                                              | Ivanhoe Electric Inc COM                                              | CUSIP: 46578C108<br>LEI: 529900CQSYGI54GDUR52 | Long             | EC               | CORP              | US        |     20227 | NS      | $347702.13    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                               | Kinder Morgan, Inc. COM                                               | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    169137 | NS      | $5627187.99   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $136847.52    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Star Resources Ltd.                                      | Northern Star Resources Ltd. NPV                                      | CUSIP: 000000000<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |    289225 | NS      | $6339742.20   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| LUNR ROYALTIES CORP                                               | LUNR ROYALTIES CORP                                                   | CUSIP: 550428106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     22321 | NS      | $431512.61    | 0.04%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Shell PLC                                                         | Shell PLC ORD EUR0.07                                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    385407 | NS      | $16141953.01  | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Tecnicas Reunidas SA                                              | Tecnicas Reunidas SA EUR0.1                                           | CUSIP: 000000000<br>LEI: 213800JEZBUPZKWJGF49 | Long             | EC               | CORP              | ES        |     15611 | NS      | $679720.51    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp                                                 | Kinross Gold Corp                                                     | CUSIP: 496902198<br>LEI: 254900O9KHF2A1ZXPT47 | Long             |  | CORP              | CA        |     11812 | NS      | $20080.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $393328.20    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $91847.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $4899808.19   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $509.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $184015.42    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $2313.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $11507.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $16241.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $13980.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $365853.53    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $61849.53     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $5637.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $337910.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $121979.64    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $6460.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-2049.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $4359.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-75190.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $5663.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $342361.12    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $29879.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $14662.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $9941.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $34296.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $63969.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $47540.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $87274.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $10070.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $7930.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $52636.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $21904.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $34331.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $22298.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $5730.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $18909.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $51536.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $108912.81    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $5503.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-32365.71    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $58954.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $47725.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $15510.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $1441.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $68214.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $120935.29    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $48154.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $15332.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $56834.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-14764.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $311393.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $-43262.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $441852.33    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                  | TRS BCOMRLIT INDEX                                                    | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | N/A              | DCO              | CORP              | FR        |         1 | NC      | $6252.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $13852.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $17655.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $102997.71    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $2408771.40   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $8685.62      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $5113.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $13378.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $50378.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $13035.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $60493.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION                             | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCO              | CORP              | US        |         1 | NC      | $193452.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $238940.61    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                            | TRS BCOMRINT INDEX                                                    | CUSIP: 000000000<br>LEI: 4ZHCHI4KYZG2WVRT8631 | N/A              | DCO              | CORP              | AU        |         1 | NC      | $21569.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                                       | TRS BCOMRAGT INDEX                                                    | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $18479.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $26830.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $127383.90    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $30404.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                         | TRS BCOMRPRT INDEX                                                    | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DCO              | CORP              | US        |         1 | NC      | $53305.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTERNATIONAL                                       | TRS BCOMRENT INDEX                                                    | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCO              | CORP              | GB        |         1 | NC      | $-7118.10     | -0.00%            |  |  |  | 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