Liquidation: BLACKROCK FUNDS

Form Type: N-MFP3/A

Filing Date: 2025-06-26

Corporate Action: Liquidation

Type: Update

Accession Number: 000175272425156747

Filing Summary: This filing reflects updates regarding the BlackRock Funds, specifically addressing the liquidation process for the BlackRock Wealth Liquid Environmentally Aware Fund. As part of the liquidation, details of the liquidated assets and fund performance metrics were included, along with figures indicating the transition of assets over a defined period leading up to the complete liquidation. Various key financial statistics and institutional actions related to this process were outlined, demonstrating the fund's operational conclusions and the final asset evaluations.

Form Type: 497

Filing Date: 2025-06-13

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525140860

Filing Summary: On May 20, 2025, the Board of Trustees of BlackRock Funds approved the closure of the BlackRock Sustainable Aware Advantage Global Equity Fund to new and subsequent investments, followed by the liquidation of the Fund. Effective July 11, 2025, the Fund will stop accepting orders from both new investors and existing shareholders. The complete liquidation of the Fund's assets is scheduled around July 18, 2025. Shareholders holding shares on the Liquidation Date will have their shares redeemed at the net asset value per share, and the Fund will terminate as a series of the Trust. Shareholders have the option to redeem or exchange shares into shares of other mutual funds advised by BlackRock Advisors, LLC or its affiliates until the Liquidation Date. This Supplement is essential for shareholders for reference regarding the liquidation process and its potential tax implications.

Form Type: 497K

Filing Date: 2025-06-13

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525140865

Filing Summary: On May 20, 2025, the Board of Trustees of BlackRock Funds approved a proposal to close the BlackRock Sustainable Aware Advantage Global Equity Fund to new and subsequent investments and to subsequently liquidate the Fund. Effective July 11, 2025, the Fund will cease to accept orders for the purchase of shares from both new investors and existing shareholders. The complete liquidation of the Fund's assets is scheduled for July 18, 2025, after which the shares will be redeemed at the net asset value for any remaining shareholders, and the Fund will terminate as a series of the Trust. Shareholders have the option to redeem their shares or exchange them into shares of another mutual fund advised by BlackRock Advisors, LLC or its affiliates before the Liquidation Date. The Fund may adjust its investment strategy leading up to liquidation, and shareholders are advised to consult tax professionals regarding potential tax implications.

Form Type: N-CSR

Filing Date: 2025-06-05

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525135622

Filing Summary: BlackRock Funds filed an N-CSR form reporting on the BlackRock Global Equity Absolute Return Fund. The report outlines the fund's performance for the fiscal year ending March 31, 2025, stating that the Fund's Institutional Shares returned 3.91%, while the MSCI All Country World Index returned 7.15%. The main contributors to the fund's performance included allocations to financials and industrials with significant exposure to Asia and the UK. However, the performance was negatively impacted by U.S. exposure and smaller cap stocks. Additionally, the report highlights a decision made by the Fund’s Board on February 20, 2025, to liquidate the Fund, with effective measures taken to halt new purchase orders and a scheduled termination of the Fund on April 11, 2025. The fund's net assets were reported at $10,479,130, and it maintained a portfolio turnover rate of 48%.

Form Type: N-MFP3

Filing Date: 2025-03-06

Corporate Action: Liquidation

Type: New

Accession Number: 000175272425051172

Filing Summary: This filing by BlackRock Funds on March 6, 2025, documents the initiation of liquidation for the BlackRock Wealth Liquid Environmentally Aware Fund. The total assets on record and various financial metrics such as asset values over time, revenue distribution, and performance indicators are included. The filing details investor information and a range of financial transactions, as well as the appointments of auditors and administrator services in relation to the fund's ongoing liquidation process.

Form Type: 497

Filing Date: 2025-03-05

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525047177

Filing Summary: On February 20, 2025, the Board of Trustees of BlackRock Funds approved the closure of the BlackRock SMID-Cap Growth Equity Fund to new and subsequent investments, followed by a complete liquidation of the Fund. Effective June 6, 2025, the Fund will stop accepting orders from both new investors and existing shareholders for purchasing Fund shares. The complete liquidation of all Fund assets is scheduled for June 13, 2025. Shareholders holding shares on the Liquidation Date will have their shares redeemed at the net asset value per share. Shareholders are allowed to redeem their shares or exchange them for shares of another mutual fund advised by BlackRock Advisors prior to the Liquidation Date. In anticipation of the liquidation, the Fund may alter its investment objectives and strategies. Shareholders are advised to consult tax advisers regarding potential tax implications of the liquidation and any exchanges.

Form Type: 497

Filing Date: 2025-03-05

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525047195

Filing Summary: The Board of Trustees of BlackRock Funds approved a proposal on February 20, 2025, to close the BlackRock Global Equity Absolute Return Fund to new and subsequent investments and subsequently liquidate the Fund. Effective April 4, 2025, at 4:00 p.m. (Eastern time), the Fund will cease accepting orders from new investors or existing shareholders. All assets will be liquidated by April 11, 2025, the 'Liquidation Date'. Shareholders can redeem or exchange their shares before the Liquidation Date, and the Fund will be terminated afterward. The Fund may adjust its investment strategies in preparation for liquidation, and shareholders are advised to consult tax advisers regarding the liquidation's impact.

Form Type: 497

Filing Date: 2025-03-05

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525047233

Filing Summary: On February 20, 2025, the Board of Trustees of BlackRock Funds approved a proposal to close the BlackRock Infrastructure Sustainable Opportunities Fund (the 'Fund') to new and subsequent investments and to liquidate the Fund. This closure to new investments will become effective at 4:00 p.m. (Eastern time) on April 4, 2025. Subsequently, on or about April 11, 2025, all assets of the Fund will be liquidated completely, and shares held by shareholders on the Liquidation Date will be redeemed at the net asset value per share, leading to the termination of the Fund as a series of the Trust. Shareholders will have the option to redeem their shares or exchange them for shares of another mutual fund advised by BlackRock Advisors, LLC or its affiliates prior to the Liquidation Date. In preparation for the liquidation, the Fund may adjust its investment strategies. Shareholders are advised to consult with personal tax advisers regarding the tax implications of the liquidation and potential exchanges.

Form Type: 497K

Filing Date: 2025-03-05

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525047182

Filing Summary: The Board of Trustees of BlackRock Funds approved the closure of the BlackRock SMID-Cap Growth Equity Fund to new and subsequent investments, followed by its liquidation. Effective June 6, 2025, the Fund will stop accepting orders from new investors and existing shareholders. On the Liquidation Date, June 13, 2025, all assets of the Fund will be liquidated and shares will be redeemed at net asset value. Shareholders can redeem or exchange their shares prior to this date. The Fund may alter its investment strategy in preparation for liquidation, and shareholders should consult tax advisers regarding potential tax implications of the liquidation.

Form Type: 497K

Filing Date: 2025-03-05

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525047209

Filing Summary: On February 20, 2025, the Board of Trustees of BlackRock Funds approved a proposal to close the BlackRock Global Equity Absolute Return Fund to new and subsequent investments and to liquidate the Fund. Effective at 4:00 p.m. (Eastern time) on April 4, 2025, the Fund will stop accepting orders from new and existing shareholders to purchase shares. All assets of the Fund will be liquidated completely on or about April 11, 2025, which is designated as the Liquidation Date. Shareholders holding shares on the Liquidation Date will have their shares redeemed at the net asset value per share, and the Fund will be terminated as a series of the Trust. Shareholders have the option to redeem their Fund shares or exchange them into shares of another mutual fund advised by BlackRock Advisors, LLC or its affiliates prior to the Liquidation Date. To prepare for the liquidation, the Fund may deviate from its investment objective and principal investment strategies. Shareholders are advised to consult tax advisors regarding the potential tax implications of the liquidation and/or any exchanges.

Form Type: 497K

Filing Date: 2025-03-05

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525047239

Filing Summary: On February 20, 2025, the Board of Trustees of BlackRock Funds approved a proposal to close the BlackRock Infrastructure Sustainable Opportunities Fund to new and subsequent investments and liquidate the Fund. Effective April 4, 2025, at 4:00 p.m. (Eastern time), the Fund will cease accepting orders for the purchase of shares. By April 11, 2025, which is designated as the Liquidation Date, all assets of the Fund will be completely liquidated, and shares held by shareholders on that date will be redeemed at net asset value. Shareholders have the option to redeem their shares or exchange them for shares of other mutual funds advised by BlackRock Advisors, LLC, prior to the Liquidation Date. The Fund may alter its investment strategy in preparation for liquidation. Shareholders are encouraged to consult with their personal tax advisers regarding potential tax implications stemming from the liquidation or exchanges.

Form Type: N-MFP3

Filing Date: 2025-02-06

Corporate Action: Liquidation

Type: New

Accession Number: 000175272425020837

Filing Summary: On February 6, 2025, BlackRock Funds filed an N-MFP3 form detailing financial information regarding their holdings. The report indicated that BlackRock Wealth Liquid Environmentally Aware Fund had significant assets and cash management strategies. The liquidity status of the fund was also evaluated, reflecting the cash and securities on hand. It was noted that the fund's total assets have grown considerably, signaling a positive liquidity environment, while also addressing risks associated with fluctuating market conditions.