# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001410368-25-043390
**Filing Date:** 2025-12
**Character Count:** 65330
**Document Hash:** 03e2ccaa46e1fe9f59bcc1c97d0cdd14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-043390.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001410368-25-043390

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05742
- **FILM NUMBER:** 251606787

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

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

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

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

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

## Series and Classes Contracts Data

### BlackRock Defensive Advantage Emerging Markets Fund (Series ID: S000070274)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000223506 | Institutional |  |
| C000223507 | Class K       |  |
| C000223508 | Investor A    |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

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

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

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

- **b. EDGAR series identifier (if any):** S000070274

- **c. LEI of Series:** 549300YBS1SNG9MML040

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $12504726.69

**Total Liabilities:** $349282.94

**Net Assets:** $12155443.75

**Cash Not Reported:** $34002.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223506 | 0.45%                | 1.63%                | 1.43%                |
| Class ID C000223507 | 0.46%                | 1.54%                | 1.43%                |
| Class ID C000223508 | 0.46%                | 1.54%                | 1.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $110864.74               | $-88920.43                                 |
| Month 2  | $18543.74                | $131431.73                                 |
| Month 3  | $152423.19               | $28216.56                                  |

### Schedule of Portfolio Investments

| Name                                            | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Banco de Chile                                  | Banco de Chile                                          | CUSIP: 059520106<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |      3240 | NS      | $113108.40    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd                         | Chunghwa Telecom Co Ltd                                 | CUSIP: 17133Q502<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |       129 | NS      | $5492.82      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                  | ICICI Bank Ltd                                          | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      2306 | NS      | $69871.80     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                     | Infosys Ltd                                             | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      7783 | NS      | $128964.31    | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| KT Corp                                         | KT Corp                                                 | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |      9471 | NS      | $175687.05    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ORLEN SA                                        | ORLEN SA                                                | CUSIP: 000000000<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |      4633 | NS      | $125572.14    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                     | Abu Dhabi Islamic Bank PJSC                             | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |     19078 | NS      | $109624.61    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of the Philippine Islands                  | Bank of the Philippine Islands                          | CUSIP: 000000000<br>LEI: 549300UW4UH6XT2X8C50 | Long             | EC               | CORP              | PH        |     14180 | NS      | $25396.30     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Shree Cement Ltd                                | Shree Cement Ltd                                        | CUSIP: 000000000<br>LEI: 335800W6FNBDUZ89L830 | Long             | EC               | CORP              | IN        |       258 | NS      | $82214.82     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Hengan International Group Co Ltd               | Hengan International Group Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     30000 | NS      | $105068.59    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan Co Ltd                                    | Titan Co Ltd                                            | CUSIP: 000000000<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |       238 | NS      | $10043.08     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive India Ltd                     | Colgate-Palmolive India Ltd                             | CUSIP: 000000000<br>LEI: 335800YWKI47DGFKWB26 | Long             | EC               | CORP              | IN        |       211 | NS      | $5330.07      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Huadian Power International Corp Ltd            | Huadian Power International Corp Ltd                    | CUSIP: 000000000<br>LEI: 529900207FCOKWBDRE79 | Long             | EC               | CORP              | CN        |    148000 | NS      | $87245.69     | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Lupin Ltd                                       | Lupin Ltd                                               | CUSIP: 000000000<br>LEI: 335800HHXTESDEE2FC65 | Long             | EC               | CORP              | IN        |      2683 | NS      | $59395.31     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar National Bank QPSC                        | Qatar National Bank QPSC                                | CUSIP: 000000000<br>LEI: 549300FFSRVBS0SQXY75 | Long             | EC               | CORP              | QA        |     11310 | NS      | $57457.83     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Ooredoo QPSC                                    | Ooredoo QPSC                                            | CUSIP: 000000000<br>LEI: 549300D3EIDZJB62TR20 | Long             | EC               | CORP              | QA        |     47855 | NS      | $177892.31    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KT&G Corp                                       | KT&G Corp                                               | CUSIP: 000000000<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |       548 | NS      | $51573.27     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| CJ ENM Co Ltd                                   | CJ ENM Co Ltd                                           | CUSIP: 000000000<br>LEI: 9884005N1TS61ILH6840 | Long             | EC               | CORP              | KR        |       229 | NS      | $11259.40     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantech Co Ltd                                | Advantech Co Ltd                                        | CUSIP: 000000000<br>LEI: 2549002OSTKE9HB9IY03 | Long             | EC               | CORP              | TW        |      3000 | NS      | $30472.13     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                                     | Infosys Ltd                                             | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      2879 | NS      | $47970.16     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Wipro Ltd                                       | Wipro Ltd                                               | CUSIP: 000000000<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |     22318 | NS      | $60441.31     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co Ltd                               | SK Telecom Co Ltd                                       | CUSIP: 000000000<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |      1423 | NS      | $52098.69     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co Ltd                               | PetroChina Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |     34000 | NS      | $35146.42     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                           | Delta Electronics Inc                                   | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |      5000 | NS      | $160819.33    | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd                          | Hindustan Unilever Ltd                                  | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |      1935 | NS      | $53739.29     | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                 | Apollo Hospitals Enterprise Ltd                         | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |      1257 | NS      | $108782.89    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Nanya Technology Corp                           | Nanya Technology Corp                                   | CUSIP: 000000000<br>LEI: 254900STKVKJBRRO0835 | Long             | EC               | CORP              | TW        |     18000 | NS      | $76868.90     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Chunghwa Telecom Co Ltd                         | Chunghwa Telecom Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     40000 | NS      | $170438.15    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Uplus Corp                                   | LG Uplus Corp                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2953 | NS      | $31587.10     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| China Petroleum & Chemical Corp                 | China Petroleum & Chemical Corp                         | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |    132000 | NS      | $70211.35     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| HCL Technologies Ltd                            | HCL Technologies Ltd                                    | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |      7308 | NS      | $126802.12    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Tripod Technology Corp                          | Tripod Technology Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2000 | NS      | $22118.37     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| City Union Bank Ltd                             | City Union Bank Ltd                                     | CUSIP: 000000000<br>LEI: 33580024M7FWA847JI64 | Long             | EC               | CORP              | IN        |      6455 | NS      | $16628.83     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Telecommunications Group Co PJSC       | Emirates Telecommunications Group Co PJSC               | CUSIP: 000000000<br>LEI: 529900XDPQPWEQ9BGB80 | Long             | EC               | CORP              | AE        |     32285 | NS      | $170457.76    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                         | ENN Energy Holdings Ltd                                 | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | KY        |      7600 | NS      | $66220.85     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service PCL                       | Advanced Info Service PCL                               | CUSIP: 000000000<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               | CORP              | TH        |     11300 | NS      | $105554.83    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Far EasTone Telecommunications Co Ltd           | Far EasTone Telecommunications Co Ltd                   | CUSIP: 000000000<br>LEI: 529900L7W7BWDLVZL253 | Long             | EC               | CORP              | TW        |     23000 | NS      | $69072.43     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| E.Sun Financial Holding Co Ltd                  | E.Sun Financial Holding Co Ltd                          | CUSIP: 000000000<br>LEI: 549300X6CNQE512OPC90 | Long             | EC               | CORP              | TW        |    153620 | NS      | $148388.54    | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Leong Bank Bhd                             | Hong Leong Bank Bhd                                     | CUSIP: 000000000<br>LEI: 549300BUPYUQGB5BFX94 | Long             | EC               | CORP              | MY        |      3900 | NS      | $19137.88     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd               | Hon Hai Precision Industry Co Ltd                       | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |      2000 | NS      | $16634.76     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Getac Holdings Corp                             | Getac Holdings Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      7000 | NS      | $31357.02     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                               | Bharti Airtel Ltd                                       | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |      7570 | NS      | $175292.30    | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                    | SK hynix Inc                                            | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |       176 | NS      | $68480.44     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc   | International Container Terminal Services Inc           | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |     13480 | NS      | $121581.30    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp                       | Korea Electric Power Corp                               | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |      1120 | NS      | $33526.11     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuwait Finance House KSCP                       | Kuwait Finance House KSCP                               | CUSIP: 000000000<br>LEI: 2549007KX0N057S9BC98 | Long             | EC               | CORP              | KW        |     27205 | NS      | $71216.37     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Malayan Banking Bhd                             | Malayan Banking Bhd                                     | CUSIP: 000000000<br>LEI: 5493004OT3TOY404V310 | Long             | EC               | CORP              | MY        |     74100 | NS      | $174637.62    | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| MISC Bhd                                        | MISC Bhd                                                | CUSIP: 000000000<br>LEI: 9845002055U77FF6B972 | Long             | EC               | CORP              | MY        |     64800 | NS      | $120509.93    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar International Islamic Bank QSC            | Qatar International Islamic Bank QSC                    | CUSIP: 000000000<br>LEI: 2549007SZGKT5N5ND952 | Long             | EC               | CORP              | QA        |      9486 | NS      | $29005.93     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| First Financial Holding Co Ltd                  | First Financial Holding Co Ltd                          | CUSIP: 000000000<br>LEI: 529900BC1U046Q2GUZ64 | Long             | EC               | CORP              | TW        |    115000 | NS      | $106669.47    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd               | Sun Pharmaceutical Industries Ltd                       | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |      2931 | NS      | $55873.17     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile Telecommunications Co KSCP               | Mobile Telecommunications Co KSCP                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     21635 | NS      | $37389.86     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| First Abu Dhabi Bank PJSC                       | First Abu Dhabi Bank PJSC                               | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |     24323 | NS      | $115461.44    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle Malaysia Bhd                             | Nestle Malaysia Bhd                                     | CUSIP: 000000000<br>LEI: 213800236FPKUA98LP10 | Long             | EC               | CORP              | MY        |      1500 | NS      | $40468.00     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruti Suzuki India Ltd                         | Maruti Suzuki India Ltd                                 | CUSIP: 000000000<br>LEI: 335800D27PBEESKKD357 | Long             | EC               | CORP              | IN        |       342 | NS      | $62283.52     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronas Dagangan Bhd                           | Petronas Dagangan Bhd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      9100 | NS      | $49271.93     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Ramco Cements Ltd/The                           | Ramco Cements Ltd/The                                   | CUSIP: 000000000<br>LEI: 3358003MPDJN515PDG51 | Long             | EC               | CORP              | IN        |      1000 | NS      | $11746.39     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Qatar Islamic Bank QPSC                         | Qatar Islamic Bank QPSC                                 | CUSIP: 000000000<br>LEI: 254900CFGPXJI71OHT95 | Long             | EC               | CORP              | QA        |     13408 | NS      | $90290.70     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Formosa Petrochemical Corp                      | Formosa Petrochemical Corp                              | CUSIP: 000000000<br>LEI: 529900UWWAOQ8470E792 | Long             | EC               | CORP              | TW        |     10000 | NS      | $14539.50     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd                       | Zijin Mining Group Co Ltd                               | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |      6000 | NS      | $24822.07     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung E&A Co Ltd                              | Samsung E&A Co Ltd                                      | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |      4288 | NS      | $77957.05     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                      | Samsung Electronics Co Ltd                              | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      2496 | NS      | $187889.35    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd       | Taiwan Semiconductor Manufacturing Co Ltd               | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      4000 | NS      | $193438.66    | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Kuwait SAKP                    | National Bank of Kuwait SAKP                            | CUSIP: 000000000<br>LEI: 549300NB7FE83IH6BW96 | Long             | EC               | CORP              | KW        |     41905 | NS      | $143514.00    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Tingyi Cayman Islands Holding Corp              | Tingyi Cayman Islands Holding Corp                      | CUSIP: 000000000<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | KY        |    124000 | NS      | $170131.55    | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenaga Nasional Bhd                             | Tenaga Nasional Bhd                                     | CUSIP: 000000000<br>LEI: 549300FV8X6UID6I1413 | Long             | EC               | CORP              | MY        |     42400 | NS      | $134333.81    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsingtao Brewery Co Ltd                         | Tsingtao Brewery Co Ltd                                 | CUSIP: 000000000<br>LEI: 300300OJ7D0Q1ESE8L15 | Long             | EC               | CORP              | CN        |     10000 | NS      | $67585.28     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangdong Investment Ltd                        | Guangdong Investment Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     72000 | NS      | $68398.73     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                         | OPAP SA                                                 | CUSIP: 000000000<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |      7601 | NS      | $157265.21    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt                                   | OTP Bank Nyrt                                           | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |      1177 | NS      | $112351.02    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                       | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |    267241 | NS      | $267240.72    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                       | BlackRock Liquidity Funds: T-Fund, Institutional Shares | CUSIP: 09248U718<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |      3169 | NS      | $3169.08      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III                             | BlackRock Cash Funds: Institutional, SL Agency Shares   | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    132758 | NS      | $132824.65    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Wipro Ltd                                       | Wipro Ltd                                               | CUSIP: 97651M109<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |      4847 | NS      | $12747.61     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| E-MART Inc                                      | E-MART Inc                                              | CUSIP: 000000000<br>LEI: 988400SAX0Q74FRA9981 | Long             | EC               | CORP              | KR        |       265 | NS      | $13423.21     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Alrosa PJSC                                     | Alrosa PJSC                                             | CUSIP: 000000000<br>LEI: 894500DKUWVBYZLLE651 | Long             | EC               | CORP              | RU        |     37207 | NS      | $4.60         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Zydus Lifesciences Ltd                          | Zydus Lifesciences Ltd                                  | CUSIP: 000000000<br>LEI: 335800R9O14ORBXLPN13 | Long             | EC               | CORP              | IN        |       805 | NS      | $8843.46      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co Ltd                        | Samsung Biologics Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |        17 | NS      | $14534.04     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Britannia Industries Ltd                        | Britannia Industries Ltd                                | CUSIP: 000000000<br>LEI: 335800RRN5EVHNNAXN80 | Long             | EC               | CORP              | IN        |       153 | NS      | $10059.39     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eicher Motors Ltd                               | Eicher Motors Ltd                                       | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |       257 | NS      | $20267.64     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Electricity & Water Authority PJSC        | Dubai Electricity & Water Authority PJSC                | CUSIP: 000000000<br>LEI: 213800K4OJF8DKATLT41 | Long             | EC               | CORP              | AE        |    228415 | NS      | $172811.20    | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Global Health Ltd/India                         | Global Health Ltd/India                                 | CUSIP: 000000000<br>LEI: 335800TEDV7GWBKTVO07 | Long             | EC               | CORP              | IN        |       930 | NS      | $13715.12     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                         | America Movil SAB de CV                                 | CUSIP: 000000000<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     56563 | NS      | $64513.82     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle India Ltd                                | Nestle India Ltd                                        | CUSIP: 000000000<br>LEI: 3358008SYYY9CPWH5D94 | Long             | EC               | CORP              | IN        |      2103 | NS      | $30141.26     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| 99 Speed Mart Retail Holdings Bhd               | 99 Speed Mart Retail Holdings Bhd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     59600 | NS      | $44498.91     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                          | MSCI EMGMKT DEC25                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |         2 | NC      | $1780.36      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronet LNG Ltd                                | Petronet LNG Ltd                                        | CUSIP: 000000000<br>LEI: 335800KIIKNA7GRD9351 | Long             | EC               | CORP              | IN        |     17881 | NS      | $56619.40     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Sino Biopharmaceutical Ltd                      | Sino Biopharmaceutical Ltd                              | CUSIP: 000000000<br>LEI: 529900LPR4ADFEJAR786 | Long             | EC               | CORP              | KY        |     39000 | NS      | $35526.34     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Cipla Ltd/India                                 | Cipla Ltd/India                                         | CUSIP: 000000000<br>LEI: 335800KMJJYEDDK82Q34 | Long             | EC               | CORP              | IN        |       956 | NS      | $16165.79     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Larsen & Toubro Ltd                             | Larsen & Toubro Ltd                                     | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |      1505 | NS      | $68288.53     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Central Asia Tbk PT                        | Bank Central Asia Tbk PT                                | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |     92500 | NS      | $47359.22     | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Bosch Ltd                                       | Bosch Ltd                                               | CUSIP: 000000000<br>LEI: 3358008TVK7S8BSVVW82 | Long             | EC               | CORP              | IN        |        33 | NS      | $13828.20     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                   | Tata Consultancy Services Ltd                           | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |      5171 | NS      | $177968.80    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| CPFL Energia SA                                 | CPFL Energia SA                                         | CUSIP: 000000000<br>LEI: 529900GBWSBDXN8GGM28 | Long             | EC               | CORP              | BR        |      1399 | NS      | $10817.65     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Aselsan Elektronik Sanayi Ve Ticaret AS         | Aselsan Elektronik Sanayi Ve Ticaret AS                 | CUSIP: 000000000<br>LEI: 7890008XT4M710MU8714 | Long             | EC               | CORP              | TR        |     12094 | NS      | $58468.91     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkcell Iletisim Hizmetleri AS                 | Turkcell Iletisim Hizmetleri AS                         | CUSIP: 000000000<br>LEI: 7890003EX1LTLS2FFL84 | Long             | EC               | CORP              | TR        |      7844 | NS      | $18571.84     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Turkiye Petrol Rafinerileri AS                  | Turkiye Petrol Rafinerileri AS                          | CUSIP: 000000000<br>LEI: 789000RCNG97UV50EE03 | Long             | EC               | CORP              | TR        |     11768 | NS      | $55239.47     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan High Speed Rail Corp                     | Taiwan High Speed Rail Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    130000 | NS      | $115548.72    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| JK Cement Ltd                                   | JK Cement Ltd                                           | CUSIP: 000000000<br>LEI: 335800IECEF3EIDGF809 | Long             | EC               | CORP              | IN        |       222 | NS      | $15531.52     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC Ltd                                         | ITC Ltd                                                 | CUSIP: 000000000<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |     23510 | NS      | $111285.24    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                    | China Construction Bank Corp                            | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |     42000 | NS      | $41581.72     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| PVR Inox Ltd                                    | PVR Inox Ltd                                            | CUSIP: 000000000<br>LEI: 335800NR78RUVFDE4L48 | Long             | EC               | CORP              | IN        |       490 | NS      | $6655.50      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co Ltd                           | Hyundai Glovis Co Ltd                                   | CUSIP: 000000000<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |       396 | NS      | $52336.99     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Radico Khaitan Ltd                              | Radico Khaitan Ltd                                      | CUSIP: 000000000<br>LEI: 335800P7T5DW332M7E19 | Long             | EC               | CORP              | IN        |       606 | NS      | $21361.82     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Torrent Pharmaceuticals Ltd                     | Torrent Pharmaceuticals Ltd                             | CUSIP: 000000000<br>LEI: 335800NA6HK275RIJE13 | Long             | EC               | CORP              | IN        |      1452 | NS      | $58230.02     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Barwa Real Estate Co                            | Barwa Real Estate Co                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |     33136 | NS      | $23902.86     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldrees Petroleum and Transport Services Co     | Aldrees Petroleum and Transport Services Co             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       107 | NS      | $4379.50      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Jarir Marketing Co                              | Jarir Marketing Co                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      6959 | NS      | $26356.34     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Etihad Etisalat Co                              | Etihad Etisalat Co                                      | CUSIP: 000000000<br>LEI: 2549007BA9ABDE3HVK79 | Long             | EC               | CORP              | SA        |     10131 | NS      | $182778.09    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                   | Al Rajhi Bank                                           | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |      3912 | NS      | $110569.23    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Telecom Co                                | Saudi Telecom Co                                        | CUSIP: 000000000<br>LEI: 21380028ATJ79OTA9W17 | Long             | EC               | CORP              | SA        |      4538 | NS      | $54667.59     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd                               | Bank of China Ltd                                       | CUSIP: 000000000<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |    308000 | NS      | $174402.94    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Boubyan Bank KSCP                               | Boubyan Bank KSCP                                       | CUSIP: 000000000<br>LEI: 254900D1UAYOAUPGL280 | Long             | EC               | CORP              | KW        |     57867 | NS      | $135070.15    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Larsen & Toubro Ltd                             | Larsen & Toubro Ltd                                     | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |       150 | NS      | $6762.82      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd       | Industrial & Commercial Bank of China Ltd               | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | EC               | CORP              | CN        |    228000 | NS      | $176654.16    | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Marico Ltd                                      | Marico Ltd                                              | CUSIP: 000000000<br>LEI: 3358003SFDQFGJPC5O84 | Long             | EC               | CORP              | IN        |     10897 | NS      | $88333.23     | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortis Healthcare Ltd                           | Fortis Healthcare Ltd                                   | CUSIP: 000000000<br>LEI: 3358001Q5ZJC4M83WH02 | Long             | EC               | CORP              | IN        |      7155 | NS      | $82406.72     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp of India Ltd                    | Power Grid Corp of India Ltd                            | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | CORP              | IN        |      8078 | NS      | $26208.94     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadyan Technology Corp                        | Arcadyan Technology Corp                                | CUSIP: 000000000<br>LEI: 254900R5W61G3GO1Q067 | Long             | EC               | CORP              | TW        |     23000 | NS      | $150308.50    | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President China Holdings Ltd                | Uni-President China Holdings Ltd                        | CUSIP: 000000000<br>LEI: 529900JUA05094TOKA73 | Long             | EC               | CORP              | KY        |    155000 | NS      | $167755.18    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Telecommunications Co Saudi Arabia       | Mobile Telecommunications Co Saudi Arabia               | CUSIP: 000000000<br>LEI: 254900XHCET9KD2D4R78 | Long             | EC               | CORP              | SA        |     45700 | NS      | $139858.74    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Turk Telekomunikasyon AS                        | Turk Telekomunikasyon AS                                | CUSIP: 000000000<br>LEI: 789000A2TXOI10JZLF90 | Long             | EC               | CORP              | TR        |     27559 | NS      | $33409.56     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Mouwasat Medical Services Co                    | Mouwasat Medical Services Co                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      1237 | NS      | $25354.54     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangzhou Automobile Group Co Ltd               | Guangzhou Automobile Group Co Ltd                       | CUSIP: 000000000<br>LEI: 5299005KY9BJO3ZE6A37 | Long             | EC               | CORP              | CN        |     30000 | NS      | $12578.87     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Chow Tai Fook Jewellery Group Ltd               | Chow Tai Fook Jewellery Grou                            | CUSIP: 000000000<br>LEI: 254900VXRL7SRSF44G79 | Long             | EC               | CORP              | KY        |     20400 | NS      | $39927.33     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Maxis Bhd                                       | Maxis Bhd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     47300 | NS      | $42921.68     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd                  | Agricultural Bank of China Ltd                          | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |    167000 | NS      | $127400.46    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Telefonica Brasil SA                            | Telefonica Brasil SA                                    | CUSIP: 000000000<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |     19800 | NS      | $117917.82    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED Technology Inc                           | ASPEED Technology Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      1000 | NS      | $177343.05    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Yuyue Medical Equipment & Supply Co Ltd | Jiangsu Yuyue Medical Equipment & Supply Co Ltd         | CUSIP: 000000000<br>LEI: 8368009VDA1C3G87FP95 | Long             | EC               | CORP              | CN        |      3800 | NS      | $19216.01     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Muyuan Foods Co Ltd                             | Muyuan Foods Co Ltd                                     | CUSIP: 000000000<br>LEI: 3003006NCTDQW4KZR676 | Long             | EC               | CORP              | CN        |     11100 | NS      | $78442.32     | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Henan Shuanghui Investment & Development Co Ltd | Henan Shuanghui Investment & Development Co Ltd         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     22300 | NS      | $80577.44     | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Baiyao Group Co Ltd                      | Yunnan Baiyao Group Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     20063 | NS      | $159608.44    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| BOE Technology Group Co Ltd                     | BOE Technology Group Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    154600 | NS      | $88122.50     | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co Ltd                   | NAURA Technology Group Co Ltd                           | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |      1200 | NS      | $68559.11     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| LTIMindtree Ltd                                 | LTIMindtree Ltd                                         | CUSIP: 000000000<br>LEI: 335800DY1I1WFHVV6T22 | Long             | EC               | CORP              | IN        |      1478 | NS      | $94543.10     | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| SF Holding Co Ltd                               | SF Holding Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1688 | NS      | $9554.99      | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Dalmia Bharat Ltd                               | Dalmia Bharat Ltd                                       | CUSIP: 000000000<br>LEI: 335800Q2I12HTQ7ETZ32 | Long             | EC               | CORP              | IN        |       540 | NS      | $12736.96     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Innovent Biologics Inc                          | Innovent Biologics Inc                                  | CUSIP: 000000000<br>LEI: 25490058ONL9SCIE1R22 | Long             | EC               | CORP              | KY        |      4500 | NS      | $50479.17     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co                            | Saudi Arabian Oil Co                                    | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | EC               | CORP              | SA        |      2240 | NS      | $15477.26     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                   | HDFC Bank Ltd                                           | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      3214 | NS      | $35735.96     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| OmniVision Integrated Circuits Group Inc        | OmniVision Integrated Circuits Group Inc                | CUSIP: 000000000<br>LEI: 8368000MFHXX01GPND38 | Long             | EC               | CORP              | CN        |      1400 | NS      | $25685.59     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| IndiaMart InterMesh Ltd                         | IndiaMart InterMesh Ltd                                 | CUSIP: 000000000<br>LEI: 335800VCSXC76EXLSH68 | Long             | EC               | CORP              | IN        |       149 | NS      | $4130.37      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing-Shanghai High Speed Railway Co Ltd      | Beijing-Shanghai High Speed Railway Co Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     40800 | NS      | $29709.37     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Persistent Systems Ltd                          | Persistent Systems Ltd                                  | CUSIP: 000000000<br>LEI: 3358006QYD77Z66S1J89 | Long             | EC               | CORP              | IN        |       525 | NS      | $34937.76     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                            | Tencent Holdings Ltd                                    | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      1800 | NS      | $146209.86    | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Arabian Internet & Communications Services Co   | Arabian Internet & Communications Services Co           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      1327 | NS      | $89125.19     | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Nahdi Medical Co                                | Nahdi Medical Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      4892 | NS      | $151441.32    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai United Imaging Healthcare Co Ltd       | Shanghai United Imaging Healthcare Co Ltd               | CUSIP: 000000000<br>LEI: 300300YFLW1ZZPRAZ467 | Long             | EC               | CORP              | CN        |      2055 | NS      | $40347.78     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| APT Medical Inc                                 | APT Medical Inc                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       929 | NS      | $36007.31     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Transsion Holdings Co Ltd              | Shenzhen Transsion Holdings Co Ltd                      | CUSIP: 000000000<br>LEI: 300300PDJRSNMVF0VJ83 | Long             | EC               | CORP              | CN        |      3052 | NS      | $32669.13     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| China Petroleum & Chemical Corp                 | China Petroleum & Chemical Corp                         | CUSIP: 000000000<br>LEI: 529900A2OB24EZ5B3J19 | Long             | EC               | CORP              | CN        |     48900 | NS      | $37561.32     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd         | Ping An Insurance Group Co of China Ltd                 | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |      1600 | NS      | $12993.21     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SAIC Motor Corp Ltd                             | SAIC Motor Corp Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8800 | NS      | $20559.80     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yangtze Power Co Ltd                      | China Yangtze Power Co Ltd                              | CUSIP: 000000000<br>LEI: 3003008VX8JFJXA6QP74 | Long             | EC               | CORP              | CN        |     25000 | NS      | $98626.22     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co Ltd     | Inner Mongolia Yili Industrial Group Co Ltd             | CUSIP: 000000000<br>LEI: 3003002Q2A863JPQFH06 | Long             | EC               | CORP              | CN        |     15500 | NS      | $59670.85     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co Ltd                     | Baoshan Iron & Steel Co Ltd                             | CUSIP: 000000000<br>LEI: 300300PYAP4PEHORZT21 | Long             | EC               | CORP              | CN        |     20300 | NS      | $21009.72     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Wall Motor Co Ltd                         | Great Wall Motor Co Ltd                                 | CUSIP: 000000000<br>LEI: 254900CR8AHWTMFZHH60 | Long             | EC               | CORP              | CN        |      2500 | NS      | $7997.62      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co Ltd          | Jiangsu Hengrui Pharmaceuticals Co Ltd                  | CUSIP: 000000000<br>LEI: 2549003BT1XS3SE3E448 | Long             | EC               | CORP              | CN        |     11000 | NS      | $98954.54     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                    | China Construction Bank Corp                            | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |     13500 | NS      | $17312.45     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co Ltd                       | Zijin Mining Group Co Ltd                               | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |      8000 | NS      | $34180.55     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| NARI Technology Co Ltd                          | NARI Technology Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8400 | NS      | $28580.65     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuyao Glass Industry Group Co Ltd               | Fuyao Glass Industry Group Co Ltd                       | CUSIP: 000000000<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |      8700 | NS      | $82435.52     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| SF Holding Co Ltd                               | SF Holding Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5800 | NS      | $26912.13     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                         | Saudi National Bank/The                                 | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |      9079 | NS      | $96605.62     | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd                                  | ICICI Bank Ltd                                          | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |      1210 | NS      | $18334.69     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BeOne Medicines Ltd                             | BeOne Medicines Ltd                                     | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |       900 | NS      | $21638.07     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                    | Wal-Mart de Mexico SAB de CV                            | CUSIP: 000000000<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | MX        |     15661 | NS      | $51774.83     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tech Mahindra Ltd                               | Tech Mahindra Ltd                                       | CUSIP: 000000000<br>LEI: 3358005FZUZ1I25XQH69 | Long             | EC               | CORP              | IN        |      5961 | NS      | $95547.53     | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi National Oil Co for Distribution PJSC | Abu Dhabi National Oil Co for Distribution PJSC         | CUSIP: 000000000<br>LEI: 213800YI1ZIOJB3HLB11 | Long             | EC               | CORP              | AE        |    103124 | NS      | $100795.04    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Goodix Technology Co Ltd               | Shenzhen Goodix Technology Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2600 | NS      | $30006.97     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Lal PathLabs Ltd                             | Dr Lal PathLabs Ltd                                     | CUSIP: 000000000<br>LEI: 984500E8E9CY102B9718 | Long             | EC               | CORP              | IN        |      1786 | NS      | $63077.59     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                   | Credicorp Ltd                                           | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |       645 | NS      | $168345.00    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercorp Financial Services Inc                | Intercorp Financial Services Inc                        | CUSIP: 000000000<br>LEI: 5299004181WFTEWB1398 | Long             | EC               | CORP              | PA        |      1599 | NS      | $68804.97     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer