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        <name>Paramount Global</name>
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        <name>Willis Towers Watson PLC</name>
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        <name>Cigna Group/The</name>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <name>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
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        <name>Sony Group Corp</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>UBS Securities LLC</name>
        <lei>T6FIZBDPKLYJKFCRVK44</lei>
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        <name>BARCLAYS CAPITAL INC.</name>
        <lei>AC28XWWI3WIBK2824319</lei>
        <title>BARCLAYS CAPITAL INC. (BURBERRY GROUP PLC) 29.19 03/20/2025 (BRBY LN)</title>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>GOLDMAN SACHS &amp; CO. LLC (WILLIS TOWERS WATSON PLC) 17.64 04/10/2025 (WTW US)</title>
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        <name>Hess Corp</name>
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        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <name>SG AMERICAS SECURITIES, LLC</name>
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        <name>BNP PARIBAS SECURITIES CORP.</name>
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        <name>Baxter International Inc</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
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        <lei>54930012H97VSM0I2R19</lei>
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        <name>Siemens AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
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        <name>Sealed Air Corp</name>
        <lei>Q0M0CZB4YN6JZ65WXI09</lei>
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        <name>CIBC WORLD MARKETS CORP.</name>
        <lei>549300445CON3DBMU275</lei>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>Dollar General Corp</name>
        <lei>OPX52SQVOZI8IVSWYU66</lei>
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        <name>SG AMERICAS SECURITIES, LLC</name>
        <lei>549300F35UE0BOM1WJ55</lei>
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        <name>Middleby Corp/The</name>
        <lei>JDFO86U9VQRBKW5KYA35</lei>
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        <name>Henkel AG &amp; Co KGaA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
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        <name>BARCLAYS CAPITAL INC.</name>
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        <name>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>RBC Capital Markets, LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
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        <invCountry>CA</invCountry>

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        <name>BARCLAYS CAPITAL INC.</name>
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        <name>BMO CAPITAL MARKETS CORP.</name>
        <lei>RUC0QBLBRPRCU4W1NE59</lei>
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        <name>Carlyle Group Inc/The</name>
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        <name>UBS Securities LLC</name>
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        <name>CIBC WORLD MARKETS CORP.</name>
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        <name>BARCLAYS CAPITAL INC.</name>
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        <name>BMO CAPITAL MARKETS CORP.</name>
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        <name>Rentokil Initial PLC</name>
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        <name>Airbus SE</name>
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        <name>RBC Capital Markets, LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
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        <name>Cognizant Technology Solutions</name>
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        <name>BMO CAPITAL MARKETS CORP.</name>
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        <name>TSMC</name>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>Aptiv PLC</name>
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        <name>Koninklijke Philips NV</name>
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        <name>SG AMERICAS SECURITIES, LLC</name>
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        <name>Microsoft Corp</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
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        <name>Medtronic PLC</name>
        <lei>549300GX3ZBSQWUXY261</lei>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>UBS Securities LLC</name>
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        <name>RBC Capital Markets, LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
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        <name>Cardinal Health Inc</name>
        <lei>CCU46N3GJMF4OK4N7U60</lei>
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        <name>PG&amp;E Corp</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
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        <name>BMO CAPITAL MARKETS CORP.</name>
        <lei>RUC0QBLBRPRCU4W1NE59</lei>
        <title>BMO CAPITAL MARKETS CORP. (CONSTELLATION BRANDS INC) 23.71 04/14/2025 (STZ US)</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Albemarle Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HSBC SECURITIES (USA) INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RBC Capital Markets, LLC</name>
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      <invstOrSec>
        <name>BNP PARIBAS SECURITIES CORP.</name>
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      <invstOrSec>
        <name>WPP PLC</name>
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        <name>Visa Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>General Motors Co</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Samsung Electronics Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Exelon Corp</name>
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        <name>BMO CAPITAL MARKETS CORP.</name>
        <lei>RUC0QBLBRPRCU4W1NE59</lei>
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        <name>MIZUHO SECURITIES USA LLC</name>
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        <name>Johnson Controls International</name>
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        <name>BARCLAYS CAPITAL INC.</name>
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        <name>Keysight Technologies Inc</name>
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        <name>Komatsu Ltd</name>
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        <name>BNP PARIBAS SECURITIES CORP.</name>
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        <name>Bayer AG</name>
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        <title>Bayer AG</title>
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        <invCountry>DE</invCountry>
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        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS ARBITRAGE (RENTOKIL INITIAL PLC) 28.45 04/07/2025 (RTO LN)</title>
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        <name>Dollar Tree Inc</name>
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        <name>Constellation Brands Inc</name>
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        <name>Pernod Ricard SA</name>
        <lei>52990097YFPX9J0H5D87</lei>
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        <name>BNP PARIBAS SECURITIES CORP.</name>
        <lei>RCNB6OTYUAMMP879YW96</lei>
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        <name>UBS Securities LLC</name>
        <lei>T6FIZBDPKLYJKFCRVK44</lei>
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        <name>WELLS FARGO &amp; CO</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; CO</title>
        <cusip>949746101</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>BARCLAYS CAPITAL INC.</name>
        <lei>AC28XWWI3WIBK2824319</lei>
        <title>BARCLAYS CAPITAL INC. (PERNOD RICARD SA) 20.11 03/20/2025 (RI FP)</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

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        <name>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
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        <name>Walt Disney Co/The</name>
        <lei>549300GZKULIZ0WOW665</lei>
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        <name>UBS Securities LLC</name>
        <lei>T6FIZBDPKLYJKFCRVK44</lei>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <name>Swatch Group AG/The</name>
        <lei>529900NTES2LEON1JZ55</lei>
        <title>Swatch Group AG/The</title>
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        <name>CIBC WORLD MARKETS CORP.</name>
        <lei>549300445CON3DBMU275</lei>
        <title>CIBC WORLD MARKETS CORP. (MIDDLEBY CORP/THE) 20.63 03/31/2025 (MIDD US)</title>
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        <invCountry>CA</invCountry>

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        <name>Keurig Dr Pepper Inc</name>
        <lei>DYTQ8KRTKO7Y2BVU5K74</lei>
        <title>Keurig Dr Pepper Inc</title>
        <cusip>49271V100</cusip>
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          <ticker value="KDP"/>
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        <assetCat>EC</assetCat>
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        <name>Edwards Lifesciences Corp</name>
        <lei>YA13X31F3V31L8TMPR58</lei>
        <title>Edwards Lifesciences Corp</title>
        <cusip>28176E108</cusip>
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          <ticker value="EW"/>
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        <name>CIBC WORLD MARKETS CORP.</name>
        <lei>549300445CON3DBMU275</lei>
        <title>CIBC WORLD MARKETS CORP. (CARDINAL HEALTH INC) 22.45 04/17/2025 (CAH US)</title>
        <cusip>000000000</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>L3Harris Technologies Inc</name>
        <lei>549300UTE50ZMDBG8A20</lei>
        <title>L3Harris Technologies Inc</title>
        <cusip>502431109</cusip>
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          <isin value="US5024311095"/>
          <ticker value="LHX"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>BARCLAYS CAPITAL INC.</name>
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        <name>British American Tobacco PLC</name>
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        <title>British American Tobacco PLC</title>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
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        <name>Burberry Group PLC</name>
        <lei>213800PE1KEFCNFR1R50</lei>
        <title>Burberry Group PLC</title>
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        <name>Sensata Technologies Holding P</name>
        <lei>529900MS7KFYCY9MS037</lei>
        <title>Sensata Technologies Holding PLC</title>
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        <name>Dun &amp; Bradstreet Holdings Inc</name>
        <lei>254900LNALVKD1ZX7U27</lei>
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        <name>RBC Capital Markets, LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
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        <lei>549300NOMHGVQBX6S778</lei>
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        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
        <title>GOLDMAN SACHS &amp; CO. LLC (BOEING CO/THE) 22.85 03/06/2025 (BA US)</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Fidelity National Information</name>
        <lei>6WQI0GK1PRFVBA061U48</lei>
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        <name>MORGAN STANLEY &amp; CO. LLC</name>
        <lei>9R7GPTSO7KV3UQJZQ078</lei>
        <title>MORGAN STANLEY &amp; CO LLC (SONY GROUP CORP) 16.35 03/27/2025 (SONY US)</title>
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        <name>BARCLAYS CAPITAL INC.</name>
        <lei>AC28XWWI3WIBK2824319</lei>
        <title>BARCLAYS CAPITAL INC. (SIEMENS AG) 30.29 03/20/2025 (SIE GY)</title>
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        <invCountry>GB</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>BARCLAYS CAPITAL INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>RBC Capital Markets, LLC</name>
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        <name>Kosmos Energy Ltd</name>
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        <name>Labcorp Holdings Inc</name>
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        <name>Leidos Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Capri Holdings Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BARCLAYS CAPITAL INC.</name>
        <lei>AC28XWWI3WIBK2824319</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>American Electric Power Co Inc</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
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        <name>IFF</name>
        <lei>BZLRL03D3GPGMOGFO832</lei>
        <title>International Flavors &amp; Fragrances Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CVS Health Corp</name>
        <lei>549300EJG376EN5NQE29</lei>
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        <name>Boeing Co/The</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
        <title>Boeing Co/The</title>
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        <name>UBS Securities LLC</name>
        <lei>T6FIZBDPKLYJKFCRVK44</lei>
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        <invCountry>GB</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>CNH Industrial NV</name>
        <lei>549300WGC2HZ5J67V817</lei>
        <title>CNH Industrial NV</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>BMO CAPITAL MARKETS CORP.</name>
        <lei>RUC0QBLBRPRCU4W1NE59</lei>
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        <name>BNP PARIBAS</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <name>Air Products and Chemicals Inc</name>
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        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
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        <name>SG AMERICAS SECURITIES, LLC</name>
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        <name>GOLDMAN SACHS &amp; CO. LLC</name>
        <lei>FOR8UP27PHTHYVLBNG30</lei>
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        <name>SG AMERICAS SECURITIES, LLC</name>
        <lei>549300F35UE0BOM1WJ55</lei>
        <title>SG AMERICAS SECURITIES LLC (KEYSIGHT TECHNOLOGIES INC) 24.38 03/31/2025 (KEYS US)</title>
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        <lei>RCNB6OTYUAMMP879YW96</lei>
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        <name>CIBC WORLD MARKETS CORP.</name>
        <lei>549300445CON3DBMU275</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Lear Corp</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
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        <name>RBC Capital Markets, LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Hasbro Inc</name>
        <lei>549300NUB6D2R1ITYR45</lei>
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        <name>American International Group I</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
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        <name>BMO CAPITAL MARKETS CORP.</name>
        <lei>RUC0QBLBRPRCU4W1NE59</lei>
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        <name>Kraft Heinz Co/The</name>
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        <name>BlackRock Liquidity Funds T-Fund</name>
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        <title>BlackRock Liquidity Funds T-Fund</title>
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        <name>Centene Corp</name>
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        <title>Centene Corp</title>
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        <name>NIKE Inc</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>RBC Capital Markets, LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
        <title>RBC CAPITAL MARKETS, LLC. (CROWN CASTLE INC) 28.89 04/03/2025 (CCI US)</title>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Fidelity National Financial In</name>
        <lei>549300CAZYIH39SYQ287</lei>
        <title>Fidelity National Financial Inc</title>
        <cusip>31620R303</cusip>
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          <ticker value="FNF"/>
        </identifiers>
        <balance>309134.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19948417.02000000</valUSD>
        <pctVal>1.029989304020</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 Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-04-24</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>
  <documents>XXXX</documents>
</edgarSubmission>
