BlackRock Sustainable Advantage Global Equity Fund — new fund registration

BLACKROCK FUNDS registered 1 new fund series on Form 485APOS, filed 2023-03-03. Featured series: BlackRock Sustainable Advantage Global Equity Fund.

Registration

Registrant / trust: BLACKROCK FUNDS
CIK: 0000844779
Form: 485APOS
Filed: 2023-03-03
State of incorporation: MA
Accession: 0001193125-23-060011
Reported net assets: $12.5M

Series & classes (3)

Series	Class	Ticker	New
BlackRock Sustainable Advantage Global Equity Fund	Class K	—	Yes
BlackRock Sustainable Advantage Global Equity Fund	Investor A	—	Yes
BlackRock Sustainable Advantage Global Equity Fund	Institutional	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 2.87%
Management fee: 0.66%
Net expense ratio: 0.66%
Other expenses: 2.21%

Investment objective

The investment objective of BlackRock Sustainable Aware Advantage Global Equity Fund (the Fund, formerly known as BlackRock Sustainable Advantage Global Equity Fund), a series of BlackRock Funds SM (the Trust), is to seek to provide long-term capital appreciation 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)