BlackRock Emerging Markets Long/Short Equity Fund — new fund registration

BLACKROCK FUNDS registered 1 new fund series on Form 485APOS, filed 2011-06-02. Featured series: BlackRock Emerging Markets Long/Short Equity Fund.

Registration

Registrant / trust: BLACKROCK FUNDS
CIK: 0000844779
Form: 485APOS
Filed: 2011-06-02
State of incorporation: MA
Accession: 0000891092-11-003736
Reported net assets: $64.4M

Series & classes (3)

Series	Class	Ticker	New
BlackRock Emerging Markets Long/Short Equity Fund	Investor A Shares	—	Yes
BlackRock Emerging Markets Long/Short Equity Fund	Investor C Shares	—	Yes
BlackRock Emerging Markets Long/Short Equity Fund	Institutional Shares	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 1.71%
Management fee: 0.80%
Net expense ratio: 1.16%
Other expenses: 0.65%

Investment objective

The investment objective of BlackRock Advantage Emerging Markets Fund (the Fund), a series of BlackRock Funds SM (the Trust), is to seek long-term capital appreciation.

Advisers

BlackRock Advisors, LLC (Advisor)