BlackRock Impact U.S. Equity Fund — new fund registration

BLACKROCK FUNDS registered 1 new fund series on Form 485APOS, filed 2015-07-22. Featured series: BlackRock Impact U.S. Equity Fund.

Registration

Registrant / trust: BLACKROCK FUNDS
CIK: 0000844779
Form: 485APOS
Filed: 2015-07-22
State of incorporation: MA
Accession: 0001193125-15-259876
Reported net assets: $1.2B

Series & classes (3)

Series	Class	Ticker	New
BlackRock Impact U.S. Equity Fund	Investor A	—	Yes
BlackRock Impact U.S. Equity Fund	Investor C	—	Yes
BlackRock Impact U.S. Equity Fund	Institutional	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 0.86%
Management fee: 0.40%
Net expense ratio: 0.73%
Other expenses: 0.21%

Investment objective

The investment objective of BlackRock Sustainable Aware Advantage Large Cap Core Fund (formerly known as BlackRock Sustainable Advantage Large Cap Core Fund ) (the Fund), a series of BlackRock Funds SM (the Trust), is to seek to provide total return while seeking to maintain certain environmental, social and governance ( ESG ) characteristics and climate risk exposure relative to the Funds benchmark.

Advisers

BlackRock Advisors, LLC (Advisor)