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                      <cusip value="674599105"/>
                    </identifiers>
                    <othIndNotAmt>-164.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-9700.60000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>AIRBNB INC</othIndName>
                    <identifiers>
                      <cusip value="009066101"/>
                    </identifiers>
                    <othIndNotAmt>-2303.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-290961.02000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>L3HARRIS TECHNOLOGIES INC</othIndName>
                    <identifiers>
                      <cusip value="502431109"/>
                    </identifiers>
                    <othIndNotAmt>-618.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-117920.58000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>RALPH LAUREN CORP</othIndName>
                    <identifiers>
                      <cusip value="751212101"/>
                    </identifiers>
                    <othIndNotAmt>616.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>79698.08000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>WALMART INC</othIndName>
                    <identifiers>
                      <cusip value="931142103"/>
                    </identifiers>
                    <othIndNotAmt>-619.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-96372.11000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>AMETEK INC</othIndName>
                    <identifiers>
                      <cusip value="031100100"/>
                    </identifiers>
                    <othIndNotAmt>1519.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>235794.37000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>S&amp;P GLOBAL INC</othIndName>
                    <identifiers>
                      <cusip value="78409V104"/>
                    </identifiers>
                    <othIndNotAmt>866.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>360108.78000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>BP PLC</othIndName>
                    <identifiers>
                      <cusip value="055622104"/>
                    </identifiers>
                    <othIndNotAmt>575.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>20866.75000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>ORGANON &amp; CO</othIndName>
                    <identifiers>
                      <cusip value="68622V106"/>
                    </identifiers>
                    <othIndNotAmt>-5112.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-57867.84000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>VENTAS INC</othIndName>
                    <identifiers>
                      <cusip value="92276F100"/>
                    </identifiers>
                    <othIndNotAmt>-2415.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-110703.60000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>MID-AMERICA APARTMENT COMMUNITIES INC</othIndName>
                    <identifiers>
                      <cusip value="59522J103"/>
                    </identifiers>
                    <othIndNotAmt>114.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>14190.72000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>INTERNATIONAL BUSINESS MACHINES CORP</othIndName>
                    <identifiers>
                      <cusip value="459200101"/>
                    </identifiers>
                    <othIndNotAmt>-1251.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-198358.56000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>MURPHY OIL CORP</othIndName>
                    <identifiers>
                      <cusip value="626717102"/>
                    </identifiers>
                    <othIndNotAmt>-4426.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-189300.02000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NCINO INC</othIndName>
                    <identifiers>
                      <cusip value="63947X101"/>
                    </identifiers>
                    <othIndNotAmt>-2440.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-67417.20000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>FIRSTENERGY CORP</othIndName>
                    <identifiers>
                      <cusip value="337932107"/>
                    </identifiers>
                    <othIndNotAmt>-5806.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-214473.64000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>SHERWIN-WILLIAMS CO/THE</othIndName>
                    <identifiers>
                      <cusip value="824348106"/>
                    </identifiers>
                    <othIndNotAmt>1622.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>452213.60000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>DAVITA INC</othIndName>
                    <identifiers>
                      <cusip value="23918K108"/>
                    </identifiers>
                    <othIndNotAmt>-756.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-76703.76000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>SUNCOR ENERGY INC</othIndName>
                    <identifiers>
                      <cusip value="867224107"/>
                    </identifiers>
                    <othIndNotAmt>4624.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>152545.76000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>LINDE PLC</othIndName>
                    <identifiers>
                      <cusip value="000000000"/>
                    </identifiers>
                    <othIndNotAmt>-458.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-189506.66000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>TRADE DESK INC/THE</othIndName>
                    <identifiers>
                      <cusip value="88339J105"/>
                    </identifiers>
                    <othIndNotAmt>-224.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-15783.04000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>REINSURANCE GROUP OF AMERICA INC</othIndName>
                    <identifiers>
                      <cusip value="759351604"/>
                    </identifiers>
                    <othIndNotAmt>2001.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>326283.06000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>EQUINIX INC</othIndName>
                    <identifiers>
                      <cusip value="29444U700"/>
                    </identifiers>
                    <othIndNotAmt>167.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>136106.67000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>FOX CORP</othIndName>
                    <identifiers>
                      <cusip value="35137L105"/>
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                    <othIndNotAmt>2571.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>75947.34000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>SS&amp;C TECHNOLOGIES HOLDINGS INC</othIndName>
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                      <cusip value="78467J100"/>
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                    <othIndNotAmt>2982.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>167767.32000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>ALCON INC</othIndName>
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                      <cusip value="000000000"/>
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                    <othIndNotAmt>556.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>42050.28000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>SIMON PROPERTY GROUP INC</othIndName>
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                      <cusip value="828806109"/>
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                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-260520.54000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>DIGITAL REALTY TRUST INC</othIndName>
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                      <cusip value="253868103"/>
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                    <othIndNotAmt>-714.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-99088.92000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>MANPOWERGROUP INC</othIndName>
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                      <cusip value="56418H100"/>
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                    <othIndNotAmt>-2710.00000000</othIndNotAmt>
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                    <othIndValue>-201109.10000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>THERMO FISHER SCIENTIFIC INC</othIndName>
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                      <cusip value="883556102"/>
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                    <othIndNotAmt>878.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>435277.28000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>CAMDEN PROPERTY TRUST</othIndName>
                    <identifiers>
                      <cusip value="133131102"/>
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                    <othIndNotAmt>772.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>69680.72000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Default Event</otherRecDesc>
            <otherPmntDesc fixedOrFloating="Other">CFD EQUITY BASKET</otherPmntDesc>
            <terminationDt>2024-02-13</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>311545.92000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>50942.12000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>

      <explntrNote note="USLSE-BCC (Barclays Bank PLC): The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark, plus or minus a spread in a range of 15-20 basis points. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. The following are the specified benchmarks used in determining the variable rate of interest: USD - 1D Overnight Bank Funding Rate (OBFR01)." noteItem="C.11.f.i.1"/>

      <explntrNote note="USLSE-MLC (Merrill Lynch International): The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark, plus or minus a spread in a range of 0-20 basis points. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. The following are the specified benchmarks used in determining the variable rate of interest: USD - 1D Overnight Bank Funding Rate (OBFR01)." noteItem="C.11.f.i.1"/>

      <explntrNote note="USLSE-GSC (Goldman Sachs Bank USA): The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark, plus or minus a spread in a range of 0-42 basis points. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. The following are the specified benchmarks used in determining the variable rate of interest: USD - 1D Overnight Fed Funds Effective Rate (FEDL01)." noteItem="C.11.f.i.1"/>

      <explntrNote note="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>

      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="USLSE-HSC (HSBC Bank plc): The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark, plus or minus a spread in a range of 0-20 basis points. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. The following are the specified benchmarks used in determining the variable rate of interest: USD - 1D Overnight Bank Funding Rate (OBFR01)." noteItem="C.11.f.i.1"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-01-24</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
