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      <invstOrSec>
        <name>Vestas Wind Systems A/S</name>
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      <invstOrSec>
        <name>Danaher Corp.</name>
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      <invstOrSec>
        <name>Li-Cycle Holdings Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Boston Scientific Corp.</name>
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      <invstOrSec>
        <name>Halma plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Koninklijke Philips NV</name>
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      <invstOrSec>
        <name>Royalty Pharma plc</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Jack Henry &amp; Associates, Inc.</name>
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      <invstOrSec>
        <name>Aptiv plc</name>
        <lei>N/A</lei>
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        <balance>4666.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JE</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>ICF International, Inc.</name>
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        <name>Schneider Electric SE</name>
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        <name>Veeva Systems, Inc.</name>
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        <name>Shionogi &amp; Co. Ltd.</name>
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        <name>Bank Rakyat Indonesia Persero Tbk. PT</name>
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        <name>Stride, Inc.</name>
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        <name>1Life Healthcare, Inc.</name>
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        <name>EVgo, Inc.</name>
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        <title>EVgo, Inc.</title>
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        <name>Samsung SDI Co. Ltd.</name>
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        <title>Samsung SDI Co. Ltd.</title>
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        <name>EDP Renovaveis SA</name>
        <lei>529900MUFAH07Q1TAX06</lei>
        <title>EDP Renovaveis SA</title>
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        <invCountry>ES</invCountry>
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        <name>Everbridge, Inc.</name>
        <lei>549300WCY0UMR64ATW81</lei>
        <title>Everbridge, Inc.</title>
        <cusip>29978A104</cusip>
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      <invstOrSec>
        <name>Grocery Outlet Holding Corp.</name>
        <lei>N/A</lei>
        <title>Grocery Outlet Holding Corp.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>M3, Inc.</name>
        <lei>N/A</lei>
        <title>M3, Inc.</title>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Bandhan Bank Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Koninklijke DSM NV</name>
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        <title>Koninklijke DSM NV</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ball Corp.</name>
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          <isin value="US0584981064"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LEG Immobilien SE</name>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nexity SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Dayamitra Telekomunikasi Tbk. PT</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>View, Inc.</name>
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          <isin value="US92671V1061"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>APM Human Services International Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>IDEXX Laboratories, Inc.</name>
        <lei>OGMTXK0LUU1HKV2P0J84</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cano Health, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>BlackRock Liquidity Funds</name>
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        <title>T-Fund, Institutional Class</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Agilent Technologies, Inc.</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
        <title>Agilent Technologies, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Orsted A/S</name>
        <lei>W9NG6WMZIYEU8VEDOG48</lei>
        <title>Orsted A/S</title>
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          <isin value="DK0060094928"/>
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        <invCountry>DK</invCountry>
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        <name>MercadoLibre, Inc.</name>
        <lei>549300DKPDN9M5S8GB14</lei>
        <title>MercadoLibre, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Brookfield Renewable Corp.</name>
        <lei>N/A</lei>
        <title>Brookfield Renewable Corp.</title>
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        <name>Etsy, Inc.</name>
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        <title>Etsy, Inc.</title>
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        <name>Shopify, Inc.</name>
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        <name>Pearson plc</name>
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        <name>Corp. ACCIONA Energias Renovables SA</name>
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        <title>Corp. ACCIONA Energias Renovables SA</title>
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        <invCountry>ES</invCountry>
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        <name>Safaricom plc</name>
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        <title>Safaricom plc</title>
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        <name>Millicom International Cellular SA</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>Millicom International Cellular SA</title>
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        <invCountry>LU</invCountry>

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        <name>Avangrid, Inc.</name>
        <lei>549300OX0Q38NLSKPB49</lei>
        <title>Avangrid, Inc.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Wise plc</name>
        <lei>213800LD9XCHIC1C4V71</lei>
        <title>Wise plc, Class A</title>
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        </identifiers>
        <balance>21138.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74354970"/>
        <valUSD>172933.39000000</valUSD>
        <pctVal>0.457339023724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SL Liquidity Series, LLC</name>
        <lei>549300I0RQO84VDWQP47</lei>
        <title>Money Market Series</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="BRS2GWPD3"/>
        </identifiers>
        <balance>374111.77750000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>374149.19000000</valUSD>
        <pctVal>0.989473607623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="374149.19000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genus plc</name>
        <lei>54930022EOITNKSIGH56</lei>
        <title>Genus plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002074580"/>
          <other otherDesc="Inhouse Asset ID" value="S02074581"/>
        </identifiers>
        <balance>17380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.74354970"/>
        <valUSD>897141.69000000</valUSD>
        <pctVal>2.372577699695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Natural Order Acquisition Corp.</title>
        <cusip>63889L115</cusip>
        <identifiers>
          <isin value="US63889L1153"/>
          <other otherDesc="Inhouse Asset ID" value="63889L115"/>
        </identifiers>
        <balance>48400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12095.16000000</valUSD>
        <pctVal>0.031986816809</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Warrant" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>Natural Order Acquisition Corp.</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Natural Order Acquisition Corp.</issuerName>
                <issueTitle>Natural Order Acquisition Corp.</issueTitle>
                <identifiers>
                  <cusip value="63889L107"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>0.50000000</shareNo>
            <exercisePrice>11.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-09-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>12095.16000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alkami Technology, Inc.</name>
        <lei>N/A</lei>
        <title>Alkami Technology, Inc.</title>
        <cusip>01644J108</cusip>
        <identifiers>
          <isin value="US01644J1088"/>
          <other otherDesc="Inhouse Asset ID" value="01644J108"/>
        </identifiers>
        <balance>12979.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199097.86000000</valUSD>
        <pctVal>0.526533487361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMO Payment Gateway, Inc.</name>
        <lei>353800Q6U21E2PM83F86</lei>
        <title>GMO Payment Gateway, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3385890003"/>
          <other otherDesc="Inhouse Asset ID" value="SB06CMQ95"/>
        </identifiers>
        <balance>1800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.08000000"/>
        <valUSD>157953.26000000</valUSD>
        <pctVal>0.417722625586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Block, Inc.</name>
        <lei>549300OHIIUWSTIZME52</lei>
        <title>Block, Inc.</title>
        <cusip>852234103</cusip>
        <identifiers>
          <isin value="US8522341036"/>
          <other otherDesc="Inhouse Asset ID" value="852234103"/>
        </identifiers>
        <balance>2294.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>280533.26000000</valUSD>
        <pctVal>0.741897254489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zoetis, Inc.</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis, Inc.</title>
        <cusip>98978V103</cusip>
        <identifiers>
          <isin value="US98978V1035"/>
          <other otherDesc="Inhouse Asset ID" value="98978V103"/>
        </identifiers>
        <balance>6919.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1382347.01000000</valUSD>
        <pctVal>3.655749950899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>


      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds</ncom:nameOfApplicant>
      <ncom:signature>Ann Frechette</ncom:signature>
      <ncom:signerName>Ann Frechette</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
