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                    <othIndValue>63387.51000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>BP PLC</othIndName>
                    <identifiers>
                      <cusip value="055622104"/>
                    </identifiers>
                    <othIndNotAmt>487.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>16129.44000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>EVERSOURCE ENERGY</othIndName>
                    <identifiers>
                      <cusip value="30040W108"/>
                    </identifiers>
                    <othIndNotAmt>-338.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-21297.38000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>CBRE GROUP INC</othIndName>
                    <identifiers>
                      <cusip value="12504L109"/>
                    </identifiers>
                    <othIndNotAmt>-292.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-41446.48000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>AVANTOR INC</othIndName>
                    <identifiers>
                      <cusip value="05352A100"/>
                    </identifiers>
                    <othIndNotAmt>109.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>1820.30000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>GFL ENVIRONMENTAL INC</othIndName>
                    <identifiers>
                      <cusip value="36168Q104"/>
                    </identifiers>
                    <othIndNotAmt>-839.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-37889.24000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>JOHNSON CONTROLS INTERNATIONAL PLC</othIndName>
                    <identifiers>
                      <cusip value="000000000"/>
                    </identifiers>
                    <othIndNotAmt>35.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>2998.10000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>SEMPRA</othIndName>
                    <identifiers>
                      <cusip value="816851109"/>
                    </identifiers>
                    <othIndNotAmt>744.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>53248.08000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>DENTSPLY SIRONA INC</othIndName>
                    <identifiers>
                      <cusip value="24906P109"/>
                    </identifiers>
                    <othIndNotAmt>-292.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-4832.60000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
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                      <cusip value="023135106"/>
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                    <othIndNotAmt>470.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>99771.60000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>CHEVRON CORP</othIndName>
                    <identifiers>
                      <cusip value="166764100"/>
                    </identifiers>
                    <othIndNotAmt>1122.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>177971.64000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>PROCORE TECHNOLOGIES INC</othIndName>
                    <identifiers>
                      <cusip value="74275K108"/>
                    </identifiers>
                    <othIndNotAmt>-1360.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-103999.20000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>GITLAB INC</othIndName>
                    <identifiers>
                      <cusip value="37637K108"/>
                    </identifiers>
                    <othIndNotAmt>46.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>2769.66000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>SHERWIN-WILLIAMS CO/THE</othIndName>
                    <identifiers>
                      <cusip value="824348106"/>
                    </identifiers>
                    <othIndNotAmt>-48.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-17388.96000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>MOTOROLA SOLUTIONS INC</othIndName>
                    <identifiers>
                      <cusip value="620076307"/>
                    </identifiers>
                    <othIndNotAmt>49.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>21570.78000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>HCA HEALTHCARE INC</othIndName>
                    <identifiers>
                      <cusip value="40412C101"/>
                    </identifiers>
                    <othIndNotAmt>185.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>56665.50000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>FORTREA HOLDINGS INC</othIndName>
                    <identifiers>
                      <cusip value="34965K107"/>
                    </identifiers>
                    <othIndNotAmt>718.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>9944.30000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>ASSURANT INC</othIndName>
                    <identifiers>
                      <cusip value="04621X108"/>
                    </identifiers>
                    <othIndNotAmt>565.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>117457.85000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>CHARLES RIVER LABORATORIES INTERNATIONAL INC</othIndName>
                    <identifiers>
                      <cusip value="159864107"/>
                    </identifiers>
                    <othIndNotAmt>-28.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-4628.68000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NOVO NORDISK A/S</othIndName>
                    <identifiers>
                      <cusip value="670100205"/>
                    </identifiers>
                    <othIndNotAmt>30.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>2719.50000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>BRIGHTHOUSE FINANCIAL INC</othIndName>
                    <identifiers>
                      <cusip value="10922N103"/>
                    </identifiers>
                    <othIndNotAmt>-2385.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-141454.35000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>GENERAL MOTORS CO</othIndName>
                    <identifiers>
                      <cusip value="37045V100"/>
                    </identifiers>
                    <othIndNotAmt>87.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>4274.31000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>MSC INDUSTRIAL DIRECT CO INC</othIndName>
                    <identifiers>
                      <cusip value="553530106"/>
                    </identifiers>
                    <othIndNotAmt>26.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>2089.36000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>POOL CORP</othIndName>
                    <identifiers>
                      <cusip value="73278L105"/>
                    </identifiers>
                    <othIndNotAmt>-30.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-10410.00000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>ORGANON &amp; CO</othIndName>
                    <identifiers>
                      <cusip value="68622V106"/>
                    </identifiers>
                    <othIndNotAmt>-9292.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-138543.72000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD</othIndName>
                    <identifiers>
                      <cusip value="874039100"/>
                    </identifiers>
                    <othIndNotAmt>431.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>77808.43000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>PG&amp;E CORP</othIndName>
                    <identifiers>
                      <cusip value="69331C108"/>
                    </identifiers>
                    <othIndNotAmt>1194.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>19509.96000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>WILLSCOT HOLDINGS CORP</othIndName>
                    <identifiers>
                      <cusip value="971378104"/>
                    </identifiers>
                    <othIndNotAmt>1702.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>56080.90000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>JONES LANG LASALLE INC</othIndName>
                    <identifiers>
                      <cusip value="48020Q107"/>
                    </identifiers>
                    <othIndNotAmt>213.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>57912.57000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>ALLSTATE CORP/THE</othIndName>
                    <identifiers>
                      <cusip value="020002101"/>
                    </identifiers>
                    <othIndNotAmt>550.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>109532.50000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>EXELON CORP</othIndName>
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                      <cusip value="30161N101"/>
                    </identifiers>
                    <othIndNotAmt>1627.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>71913.40000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>TRADEWEB MARKETS INC</othIndName>
                    <identifiers>
                      <cusip value="892672106"/>
                    </identifiers>
                    <othIndNotAmt>721.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>97601.77000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>NORFOLK SOUTHERN CORP</othIndName>
                    <identifiers>
                      <cusip value="655844108"/>
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                    <othIndNotAmt>-345.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-84783.75000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>SOUTHERN CO/THE</othIndName>
                    <identifiers>
                      <cusip value="842587107"/>
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                    <othIndNotAmt>-941.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-84492.39000000</othIndValue>
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                  <component>
                    <othIndName>EXACT SCIENCES CORP</othIndName>
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                      <cusip value="30063P105"/>
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                    <othIndNotAmt>-285.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-13511.85000000</othIndValue>
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                  <component>
                    <othIndName>CF INDUSTRIES HOLDINGS INC</othIndName>
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                      <cusip value="125269100"/>
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                    <othIndValue>-55012.58000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>ENBRIDGE INC</othIndName>
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                      <cusip value="29250N105"/>
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                    <othIndValue>-221555.05000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>LEAR CORP</othIndName>
                    <identifiers>
                      <cusip value="521865204"/>
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                    <othIndNotAmt>690.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>64853.10000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>TRUIST FINANCIAL CORP</othIndName>
                    <identifiers>
                      <cusip value="89832Q109"/>
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                    <othIndNotAmt>-1258.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-58308.30000000</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>2036-12-16</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>1556863.91000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-49791.44000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREASURY BILL</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>United States Treasury Bill</title>
        <cusip>912797NE3</cusip>
        <identifiers>
          <isin value="US912797NE36"/>
          <other otherDesc="SEDOL" value="BT03ML6"/>
        </identifiers>
        <balance>11468800.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11380048.69000000</valUSD>
        <pctVal>96.28486065506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-05-08</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metsera Inc</name>
        <lei>N/A</lei>
        <title>Metsera Inc</title>
        <cusip>59267L107</cusip>
        <identifiers>
          <isin value="US59267L1070"/>
          <ticker value="MTSR"/>
        </identifiers>
        <balance>339.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8400.42000000</valUSD>
        <pctVal>0.071074675616</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="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="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 0-30 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 15-25 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="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>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>
