UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
N-CSR
CERTIFIED
SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-05742
Name of Fund: BlackRock FundsSM
BlackRock
Wealth Liquid Environmentally Aware Fund
Fund Address: 100 Bellevue Parkway, Wilmington, DE
19809
Name and address of agent for service: John M.
Perlowski, Chief Executive Officer, BlackRock FundsSM, 50 Hudson Yards, New York, NY 10001
Registrant’s telephone number, including area code: (800)
441-7762
Date of fiscal year end: 03/31/2025
Date of reporting period: 09/30/2024
Item 1 – Report to
Stockholders
(a) The Report to Shareholders is
attached herewith.
(b) Not Applicable
Item
2 – Code of Ethics – Not Applicable to this semi-annual report.
Item 3 – Audit Committee
Financial Expert – Not Applicable to this semi-annual report.
Item 4 –
Principal Accountant Fees and Services – Not Applicable to this semi-annual
report.
Item
5 – Audit Committee of Listed Registrant – Not Applicable
Item 6
– Investments
(a) The registrant’s Schedule of Investments is included as part of the Financial
Statements and Financial Highlights for Open-End Management Investment
Companies filed under Item 7 of this Form.
(b) Not Applicable due to no such divestments during the semi-annual period
covered since the previous Form N-CSR filing.
Item
7 – Financial Statements and Financial Highlights for Open-End Management
Investment Companies
(a) The
registrant’s Financial Statements are attached herewith.
(b) The registrant’s Financial
Highlights are attached herewith.
Item
8 – Changes in and Disagreements with Accountants for Open-End Management
Investment Companies – See Item 7
Item 9 – Proxy
Disclosures for Open-End Management Investment Companies – See Item 7
Item 10
– Remuneration Paid to Directors, Officers, and Others of Open-End Management
Investment Companies – See Item 7
Item
11 – Statement Regarding Basis for Approval of Investment Advisory Contract
– See Item 7
Item
12 – Disclosure of Proxy Voting Policies and Procedures for Closed-End
Management Investment Companies – Not Applicable
Item
13 – Portfolio Managers of Closed-End Management Investment Companies - Not
Applicable
Item
14 – Purchases of Equity Securities by Closed-End Management Investment Company
and Affiliated Purchasers – Not Applicable
Item
15 – Submission of Matters to a Vote of Security Holders – There have been no
material changes to these procedures.
Item
16 – Controls and Procedures
(a)
The registrant’s principal executive and principal financial officers, or
persons performing similar functions, have concluded that the registrant’s
disclosure controls and procedures (as defined in Rule 30a-3(c) under the
Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as
of a date within 90 days of the filing of this report based on the evaluation
of these controls and procedures required by Rule 30a-3(b) under the 1940 Act
and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as
amended.
(b) There were no changes
in the registrant’s internal control over financial reporting (as defined in
Rule 30a-3(d) under the 1940 Act) that occurred during the period covered by
this report that have materially affected, or are reasonably likely to
materially affect, the registrant’s internal control over financial reporting.
Item 17 – Disclosure of Securities Lending Activities
for Closed-End Management Investment Companies –Not Applicable
Item
18 – Recovery of Erroneously Awarded Compensation – Not Applicable
Item
19 – Exhibits attached hereto
(a)(1)
Code of Ethics – Not Applicable to this semi-annual report.
(a)(2) Any policy required by the listing standards adopted pursuant to Rule
10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national
securities exchange or registered national securities association upon which
the registrant’s securities are listed – Not Applicable
(a)(3)
Section 302 Certifications are attached.
(a)(4) Any written solicitation to purchase securities under Rule 23c-1
– Not Applicable
(a)(5) Change in registrant’s independent public accountant – Not
Applicable
(b) Section 906 Certifications are attached.
Pursuant to the requirements of the Securities
Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has
duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
BlackRock
FundsSM
By: /s/ John M. Perlowski
John
M. Perlowski
Chief
Executive Officer (principal executive officer) of
BlackRock
FundsSM
Date:
November 20, 2024
Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the dates indicated.
By: /s/ John M. Perlowski
John
M. Perlowski
Chief
Executive Officer (principal executive officer) of
BlackRock
FundsSM
Date:
November 20, 2024
By: /s/ Trent Walker
Trent
Walker
Chief Financial Officer (principal financial officer)
of
BlackRock FundsSM
Date:
November 20, 2024