# EDGAR Filing Document

**Accession Number:** 0000849402
**File Stem:** 0002071691-26-013147
**Filing Date:** 2026-6
**Character Count:** 33181
**Document Hash:** 087d124f093cab8c2d48078e1c215c9f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-013147.hdr.sgml**: 20260604

**ACCESSION NUMBER**: 0002071691-26-013147

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20260604

**DATE AS OF CHANGE**: 20260604

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK EMERGING MARKETS FUND, INC.
- **CENTRAL INDEX KEY:** 0000849402

**ORGANIZATION NAME:**
- **EIN:** 222986118
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05723
- **FILM NUMBER:** 261064318

**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:** BLACKROCK GLOBAL EMERGING MARKETS FUND, INC.
- **DATE OF NAME CHANGE:** 20080317

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLACKROCK DEVELOPING CAPITAL MARKETS FUND, INC.
- **DATE OF NAME CHANGE:** 20061002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### BLACKROCK EMERGING MARKETS FUND, INC. (Series ID: S000002250)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000005814 | Investor A    |  |
| C000005816 | Investor C    |  |
| C000005817 | Institutional |  |
| C000198223 | Class K       |  |

## 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 Emerging Markets Fund, Inc.

- **b. Investment Company Act file number:** 811-05723

- **c. CIK number of Registrant:** 0000849402

- **d. LEI of Registrant:** V7MCQIT131MC0O5SFL70

- **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 Emerging Markets Fund, Inc.

- **b. EDGAR series identifier (if any):** S000002250

- **c. LEI of Series:** V7MCQIT131MC0O5SFL70

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2148372360.34

**Total Liabilities:** $24301721.82

**Net Assets:** $2124070638.52

**Cash Not Reported:** $66051102.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000005816 | 4.77%                | 6.65%                | -1.37%               |
| Class ID C000005817 | 4.87%                | 6.74%                | -1.33%               |
| Class ID C000198223 | 4.87%                | 6.74%                | -1.30%               |
| Class ID C000005814 | 4.85%                | 6.73%                | -1.33%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-56847302.72            | $221083728.37                              |
| Month 2  | $11839602.14             | $151656807.10                              |
| Month 3  | $143691954.45            | $-171678944.64                             |

**Designated Index Information**

- **Index Name:** MSCI Emerging Markets Index

- **Index Identifier:** GDUEEGF

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Grupo Aeroportuario del Pacifico SAB de CV     | Grupo Aeroportuario del Pacifico SAB de CV, Class B    | CUSIP: N/A<br>LEI: 4469000001BZ368XFI90       | Long             | EC               | CORP              | MX        |    433892 | NS      | $9967901.08   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Hong Kong Exchanges & Clearing Ltd.                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |     16000 | NS      | $15138.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek PJSC                                   | Novatek PJSC                                           | CUSIP: N/A<br>LEI: 2138008R6GCRVBDFA581       | Long             | EC               | CORP              | RU        |    295922 | NS      | $36.49        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Astra International Tbk. PT                    | Astra International Tbk. PT                            | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |  66365300 | NS      | $20514878.80  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Futu Holdings Ltd.                             | Futu Holdings Ltd.                                     | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |    254001 | NS      | $39034873.68  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV | Grupo Aeroportuario del Centro Norte SAB de CV         | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |   1251054 | NS      | $16594287.96  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                     | Alibaba Group Holding Ltd.                             | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   3021000 | NS      | $45420066.54  | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                        | Meituan, Class B                                       | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |   1519300 | NS      | $23439074.37  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Axis Bank Ltd.                                         | CUSIP: 05462W109<br>LEI: N/A                  | N/A              | DE               |  | US        |    186426 | NS      | $-1361783.58  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Finance Ltd.                             | Bajaj Finance Ltd.                                     | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |   2042100 | NS      | $20436047.99  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Varun Beverages Ltd.                           | Varun Beverages Ltd.                                   | CUSIP: N/A<br>LEI: 33580058NWEMWBDNMD48       | Long             | EC               | CORP              | IN        |   4137919 | NS      | $24592968.93  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Hapvida Participacoes e Investimentos SA       | Hapvida Participacoes e Investimentos SA               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |         1 | NS      | $4.72         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Hong Kong Exchanges & Clearing Ltd.                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    583600 | NS      | $552388.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KE Holdings, Inc.                              | KE Holdings, Inc.                                      | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |    769839 | NS      | $14180434.38  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares  | CUSIP: 066922519<br>LEI: 549300JDHS1T46VWOG19 | Long             | STIV             | RF                | US        |  21446563 | NS      | $21455142.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corp.                                    | NAVER Corp.                                            | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |    141697 | NS      | $23846917.15  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| XP, Inc.                                       | XP, Inc., Class A                                      | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |   3505595 | NS      | $56580303.30  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.    | Taiwan Semiconductor Manufacturing Co. Ltd.            | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   5170000 | NS      | $199041316.43 | 9.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Yapi ve Kredi Bankasi A/S                      | Yapi ve Kredi Bankasi A/S                              | CUSIP: N/A<br>LEI: B85ZYWEZ5IZCZ2WNIO12       | Long             | EC               | CORP              | TR        |  13903614 | NS      | $11498596.47  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Full Truck Alliance Co. Ltd.                   | Full Truck Alliance Co. Ltd.                           | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |   2013880 | NS      | $23260314.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                                   | Kaspi.KZ JSC                                           | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |    261035 | NS      | $20595661.50  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| HDB Financial Services Ltd.                    | HDB Financial Services Ltd.                            | CUSIP: N/A<br>LEI: 335800WLGF5TDN2DEO63       | Long             | EC               | CORP              | IN        |   1429758 | NS      | $12380803.73  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Mandiri Persero Tbk. PT                   | Bank Mandiri Persero Tbk. PT                           | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        | 130452900 | NS      | $35513312.72  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co. Ltd.       | Contemporary Amperex Technology Co. Ltd., Class H      | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    502600 | NS      | $26007149.04  | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Emaar Properties PJSC                          | Emaar Properties PJSC                                  | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |   5783286 | NS      | $23950347.12  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Sany Heavy Industry Co. Ltd., Class A                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |   3430600 | NS      | $-260539.39   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Akbank TAS                                     | Akbank TAS                                             | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |  15845122 | NS      | $26270547.26  | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                     | Bank Polska Kasa Opieki SA                             | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |    434234 | NS      | $23580383.65  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | FPT Corp.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |   3267585 | NS      | $-593386.96   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| EPAM Systems, Inc.                             | EPAM Systems, Inc.                                     | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |    116871 | NS      | $18431725.41  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechny Zaklad Ubezpieczen SA               | Powszechny Zaklad Ubezpieczen SA                       | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |   2770533 | NS      | $46436864.53  | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co. Ltd.                  | China Merchants Bank Co. Ltd., Class H                 | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |   1414500 | NS      | $9178898.57   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                 | HDFC Bank Ltd.                                         | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   1833791 | NS      | $42082408.06  | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Sany Heavy Industry Co. Ltd.                   | Sany Heavy Industry Co. Ltd., Class A                  | CUSIP: N/A<br>LEI: 3003001FS86S7NYOHV89       | Long             | EC               | CORP              | CN        |  15439551 | NS      | $42631754.34  | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co. Ltd.                  | China Merchants Bank Co. Ltd., Class A                 | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |   2735827 | NS      | $16854491.01  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Krungthai Card PCL                             | Krungthai Card PCL                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    932400 | NS      | $811395.59    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | MSCI Emerging Markets Index                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       691 | NC      | $-632753.61   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Wizz Air Holdings plc                          | Wizz Air Holdings plc                                  | CUSIP: N/A<br>LEI: 213800COXGZCORLJZA85       | Long             | EC               | CORP              | JE        |    209650 | NS      | $3463566.18   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                          | Tencent Holdings Ltd.                                  | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |   2336800 | NS      | $163604601.24 | 7.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinross Gold Corp.                             | Kinross Gold Corp.                                     | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |   1756263 | NS      | $28100208.00  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Midea Group Co. Ltd.                           | Midea Group Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: 3003003TRPHLHZD2IF61       | Long             | EC               | CORP              | CN        |   2687700 | NS      | $26103037.03  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Lodha Developers Ltd.                          | Lodha Developers Ltd.                                  | CUSIP: N/A<br>LEI: 254900B5QCN52ETNU557       | Long             | EC               | CORP              | IN        |    818830 | NS      | $11449120.83  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                 | OTP Bank Nyrt.                                         | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |    585629 | NS      | $47521418.74  | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.               | Apollo Hospitals Enterprise Ltd.                       | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |    257655 | NS      | $21966588.77  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co. Ltd.                                   | BYD Co. Ltd., Class A                                  | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    455800 | NS      | $6611626.18   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Eastroc Beverage Group Co. Ltd.                | Eastroc Beverage Group Co. Ltd., Class A               | CUSIP: N/A<br>LEI: 836800LQ338417RCIL29       | Long             | EC               | CORP              | CN        |    655900 | NS      | $25573922.39  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co. Ltd.                    | Zijin Mining Group Co. Ltd., Class A                   | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |   4408500 | NS      | $11665703.40  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co. Ltd.       | Contemporary Amperex Technology Co. Ltd., Class A      | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |    258800 | NS      | $9451482.46   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp.                        | Accton Technology Corp.                                | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |   2142000 | NS      | $63262281.88  | 2.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                     | Alibaba Group Holding Ltd.                             | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    223081 | NS      | $26910261.03  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd.                       | Reliance Industries Ltd.                               | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |   1473410 | NS      | $23268823.64  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Square Co. Ltd.                             | SK Square Co. Ltd.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    313324 | NS      | $33748264.46  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Pacifico SAB de CV     | Grupo Aeroportuario del Pacifico SAB de CV             | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |     50598 | NS      | $11626914.42  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC                        | Sberbank of Russia PJSC                                | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |   6788060 | NS      | $837.00       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ICICI Bank Ltd.                                | ICICI Bank Ltd.                                        | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    100121 | NS      | $3374077.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BBB Foods, Inc.                                | BBB Foods, Inc., Class A                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |    322917 | NS      | $8240841.84   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                                   | Gazprom PJSC                                           | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |   8520027 | NS      | $1050.56      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Tata Consultancy Services Ltd.                 | Tata Consultancy Services Ltd.                         | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |    780708 | NS      | $26923846.13  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co. Ltd.                   | HD Hyundai Electric Co. Ltd.                           | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |     38233 | NS      | $13605675.36  | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                          | Aldar Properties PJSC                                  | CUSIP: N/A<br>LEI: 98450048CD8AEF13B480       | Long             | EC               | CORP              | AE        |   8024985 | NS      | $20737661.24  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Unilever Ltd.                        | Hindustan Unilever Ltd.                                | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               | CORP              | IN        |      9995 | NS      | $287052.38    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                      | BlackRock Liquidity Funds, T-Fund, Institutional Class | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |  52823980 | NS      | $52823980.43  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix, Inc.                                 | SK Hynix, Inc.                                         | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    255426 | NS      | $49505637.51  | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corp.                                   | Wiwynn Corp.                                           | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               | CORP              | TW        |    633000 | NS      | $57771753.89  | 2.72%             |  |  |  | No            |                  2 | On Loan: No      |
| TCS Group Holding plc                          | TCS Group Holding plc                                  | CUSIP: 87238U203<br>LEI: 549300XQRN9MR54V1W18 | Long             | EC               | CORP              | CY        |     25066 | NS      | $3.09         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ICICI Bank Ltd.                                | ICICI Bank Ltd.                                        | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   2470990 | NS      | $41609764.18  | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                | Lojas Renner SA                                        | CUSIP: N/A<br>LEI: 52990032N7OAAM138D78       | Long             | EC               | CORP              | BR        |  14179390 | NS      | $41022246.07  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Bank Ltd.                                 | Axis Bank Ltd.                                         | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |   1274156 | NS      | $15473448.89  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                              | BDO Unibank, Inc.                                      | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |   4734433 | NS      | $11557348.18  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                                      | InPost SA                                              | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | EC               | CORP              | LU        |    540527 | NS      | $7763428.00   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                             | Bharti Airtel Ltd.                                     | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |   1266008 | NS      | $27559919.49  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Zijin Mining Group Co. Ltd.                    | Zijin Mining Group Co. Ltd., Class H                   | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |   9988000 | NS      | $26484776.56  | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV             | Grupo Financiero Banorte SAB de CV, Class O            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   5823648 | NS      | $51898844.51  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                                    | LUKOIL PJSC                                            | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |   1370026 | NS      | $168.93       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Vishal Mega Mart Ltd.                          | Vishal Mega Mart Ltd.                                  | CUSIP: N/A<br>LEI: 335800AL4QPSIFSU3936       | Long             | EC               | CORP              | IN        |   4531652 | NS      | $7191612.23   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp.                            | Eldorado Gold Corp.                                    | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |   1417678 | NS      | $29047256.37  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Alchip Technologies Ltd.                       | Alchip Technologies Ltd.                               | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | KY        |    442000 | NS      | $56503991.60  | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Eicher Motors Ltd.                             | Eicher Motors Ltd.                                     | CUSIP: N/A<br>LEI: 25490059S64CN2OY7239       | Long             | EC               | CORP              | IN        |    351925 | NS      | $21897727.45  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| China Life Insurance Co. Ltd.                  | China Life Insurance Co. Ltd., Class H                 | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |   9853000 | NS      | $28461483.89  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                   | Samsung Electronics Co. Ltd.                           | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    864087 | NS      | $44037307.55  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                       | Mahindra & Mahindra Ltd.                               | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |    226062 | NS      | $8235123.21   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Eldorado Gold Corp.                            | Eldorado Gold Corp.                                    | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    628847 | NS      | $12891363.50  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** BlackRock Emerging Markets Fund, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer