iShares Municipal Bond Index Fund — new fund registration

BLACKROCK FUNDS registered 1 new fund series on Form 485APOS, filed 2017-10-03. Featured series: iShares Municipal Bond Index Fund.

Registration

Registrant / trust: BLACKROCK FUNDS
CIK: 0000844779
Form: 485APOS
Filed: 2017-10-03
State of incorporation: MA
Accession: 0001193125-17-302448
Reported net assets: $207.0M

Series & classes (3)

Series	Class	Ticker	New
iShares Municipal Bond Index Fund	Investor A	—	Yes
iShares Municipal Bond Index Fund	Institutional	—	Yes
iShares Municipal Bond Index Fund	Class K	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 0.60%
Management fee: 0.10%
Net expense ratio: 0.50%
Other expenses: 0.25%

Investment objective

The investment objective of iShares Municipal Bond Index Fund (the Fund), a series of BlackRock Funds SM (the Trust), is to seek to provide investment results that correspond to the total return performance of fixed-income securities in the aggregate, as represented by the ICE BofA US Municipal Securities Index (the Underlying Index ).

Advisers

BlackRock Fund Advisors (Advisor)