N-PX: Cover Page

Name and address of reporting person:

Name of reporting person (For registered management investment companies, provide exact name of registrant as specified in charter)

BlackRock Funds

Street 1

100 Bellevue Parkway

Street 2

City

Wilmington

State/Country

DELAWARE

Zip code and zip code extension or foreign postal code

19809

Telephone number of reporting person, including area code:

800-441-7762

Name and address of agent for service:

Name of agent for service

John Perlowski

Street 1

50 Hudson Yards

Street 2

City

New York

State/Country

NEW YORK

Zip code and zip code extension or foreign postal code

10001

Reporting Period:

Report for the year ended June 30, 2025

SEC Investment Company Act or Form 13F File Number:

811-05742

CRD Number (if any):

Other SEC File Number (if any):

Legal Entity Identifier (if any):

Report Type (check only one):

Registered Management Investment Company.

Fund Voting Report (Check here if the registered management investment company held one or more securities it was entitled to vote.)

Fund Notice Report (Check here if the registered management investment company did not hold any securities it was entitled to vote.)

Institutional Manager.

Institutional Manager Voting Report (Check here if all proxy votes of this reporting manager are reported in this report.)

Institutional Manager Notice Report (Check here if no proxy votes are reported in this report and complete the notice report filing explanation section below)

Institutional Manager Combination Report (Check here if a portion of the proxy votes for this reporting manager are reported in this report and a portion are reported by other reporting person(s).)

Do you wish to provide explanatory information pursuant to Special Instruction B.4?:

Yes

No

Additional information:

On November 15, 2024, BlackRock International Dividend Fund, a series of BlackRock Funds (the "Non-Surviving Fund") was reorganized into iShares International Dividend Active ETF, a series of BlackRock ETF Trust (Investment Company Act file no. 811-23402, CIK no. 0001761055) (the "Surviving Fund"). The voting record of the Non-Surviving Fund can be found in the Surviving Fund's Form N-PX filing, which was filed on August 28, 2025; BlackRock Liquid Environmentally Aware Fund (liquidated on September 5, 2024); BlackRock Infrastructure Sustainable Opportunities Fund (liquidated on April 11, 2025); BlackRock Global Equity Absolute Return Fund (liquidated on April 11, 2025); BlackRock SMID-Cap Growth Equity Fund (liquidated on June 13, 2025); BlackRock Sustainable Aware Advantage Global Equity Fund (formerly, BlackRock Sustainable Advantage Global Equity Fund) (liquidated July 18, 2025).

N-PX: Summary - Included Managers

Number of Included Institutional Managers:

1

Included Institutional Managers:1

No.:

21

Form 13F File Number [028-]:

028-13359

CRD Number (if any):

000105247

SEC File Number (if any):

801-22609

LEI (if any):

549300YOOGP0Y1M95C20

Name:

BlackRock Fund Advisors

N-PX: Summary - Included Series

Number of Series:

32

Information about the Series:1

Series Identification Number:

S000001505

Series Name:

BlackRock Mid-Cap Growth Equity Portfolio

LEI:

549300VLQD7ENY3MA898

Information about the Series:2

Series Identification Number:

S000001507

Series Name:

BlackRock Advantage Small Cap Growth Fund

LEI:

549300X2ZERTLCPENY35

Information about the Series:3

Series Identification Number:

S000001509

Series Name:

BlackRock High Equity Income Fund

LEI:

5P4Q4JLCZIQPV2V8P740

Information about the Series:4

Series Identification Number:

S000001510

Series Name:

BlackRock Technology Opportunities Fund

LEI:

549300ED38YSMGQKQY06

Information about the Series:5

Series Identification Number:

S000001511

Series Name:

BlackRock International Dividend Fund

LEI:

YJHG4TWZP5ZO7GSHVF29

Information about the Series:6

Series Identification Number:

S000001869

Series Name:

BlackRock Energy Opportunities Fund

LEI:

GU5M3WA7Y5ONXJPK4R58

Information about the Series:7

Series Identification Number:

S000001870

Series Name:

BlackRock Tactical Opportunities Fund

LEI:

6FFMMI3AGWZH5SDXSF05

Information about the Series:8

Series Identification Number:

S000001871

Series Name:

BlackRock Advantage Large Cap Growth Fund

LEI:

EVCJKT79X4HLD4TDG380

Information about the Series:9

Series Identification Number:

S000001877

Series Name:

BlackRock Health Sciences Opportunities Portfolio

LEI:

VN6DJGBO8DKY0GTM4883

Information about the Series:10

Series Identification Number:

S000001878

Series Name:

BlackRock Exchange Portfolio

LEI:

549300MFYV3Z42Z33674

Information about the Series:11

Series Identification Number:

S000008399

Series Name:

BlackRock Advantage International Fund

LEI:

6B2DG15MO7JVCQHOAI53

Information about the Series:12

Series Identification Number:

S000033601

Series Name:

BlackRock Commodity Strategies Fund

LEI:

P7WNZ2Q36SS1IIU5DB52

Information about the Series:13

Series Identification Number:

S000033603

Series Name:

BlackRock Advantage Emerging Markets Fund

LEI:

WEJ3VPF25HMUBXKZD351

Information about the Series:14

Series Identification Number:

S000038448

Series Name:

BlackRock Real Estate Securities Fund

LEI:

549300619RPPBQL8JR35

Information about the Series:15

Series Identification Number:

S000039460

Series Name:

BlackRock Global Equity Market Neutral Fund

LEI:

549300FWX3HQBUJIR891

Information about the Series:16

Series Identification Number:

S000039982

Series Name:

BlackRock Advantage Small Cap Core Fund

LEI:

5493008Z7VT7J84WYF17

Information about the Series:17

Series Identification Number:

S000049319

Series Name:

iShares Russell Mid-Cap Index Fund

LEI:

549300SBLRFF3BMZRA53

Information about the Series:18

Series Identification Number:

S000050371

Series Name:

iShares Developed Real Estate Index Fund

LEI:

549300CCO72SBIYZNP24

Information about the Series:19

Series Identification Number:

S000050372

Series Name:

iShares Total U.S. Stock Market Index Fund

LEI:

549300OKU5MO7RRH7M79

Information about the Series:20

Series Identification Number:

S000050373

Series Name:

iShares Russell Small/Mid-Cap Index Fund

LEI:

549300KWDIYW68SW1U39

Information about the Series:21

Series Identification Number:

S000051092

Series Name:

BlackRock Sustainable Advantage Large Cap Core Fund

LEI:

5493008RIHC1TBXSKI49

Information about the Series:22

Series Identification Number:

S000063942

Series Name:

BlackRock China A Opportunities Fund

LEI:

549300DS5LFSMUFPQY46

Information about the Series:23

Series Identification Number:

S000069107

Series Name:

BlackRock Sustainable Advantage International Equity Fund

LEI:

549300KDE06SPJKGZO94

Information about the Series:24

Series Identification Number:

S000069108

Series Name:

BlackRock Sustainable Advantage Emerging Markets Equity Fund

LEI:

549300WEROAOHPEE5K06

Information about the Series:25

Series Identification Number:

S000070274

Series Name:

BlackRock Defensive Advantage Emerging Markets Fund

LEI:

549300YBS1SNG9MML040

Information about the Series:26

Series Identification Number:

S000072352

Series Name:

BlackRock SMID-Cap Growth Equity Fund

LEI:

5493009D7F3YTZW02T35

Information about the Series:27

Series Identification Number:

S000073490

Series Name:

BlackRock Infrastructure Sustainable Opportunities Fund

LEI:

549300MLDVQ0HAKPS503

Information about the Series:28

Series Identification Number:

S000074773

Series Name:

BlackRock Global Equity Absolute Return Fund

LEI:

549300F47FUK0NUM7035

Information about the Series:29

Series Identification Number:

S000079513

Series Name:

BlackRock Emerging Markets ex-China Fund

LEI:

54930097DVGOQT72PU34

Information about the Series:30

Series Identification Number:

S000080437

Series Name:

BlackRock Sustainable Aware Advantage Global Equity Fund

LEI:

529900MQF7AQNTA8IY95

Information about the Series:31

Series Identification Number:

S000080441

Series Name:

BlackRock U.S. Insights Long/Short Equity Fund

LEI:

529900FXVT71X4JZNJ06

Information about the Series:32

Series Identification Number:

S000087852

Series Name:

iShares FTSE NAREIT All Equity REIT Index Fund

LEI:

5299003R7QVUX5J8F342

N-PX: Signature Block

Reporting Person:

BlackRock Funds

By (Signature):

John Perlowski

By (Printed Signature):

John Perlowski

By (Title):

Chief Executive Officer

Date:

08/28/2025

N-PX: Filer Information

Submission Contact Information

Notification Information

N-PX: Series/Class (Contract) Information

N-PX: Cover Page

Name and address of reporting person:

Name and address of agent for service:

Report Type (check only one):

N-PX: Summary - Included Managers

Included Institutional Managers:1

N-PX: Summary - Included Series

Information about the Series:1

Information about the Series:2

Information about the Series:3

Information about the Series:4

Information about the Series:5

Information about the Series:6

Information about the Series:7

Information about the Series:8

Information about the Series:9

Information about the Series:10

Information about the Series:11

Information about the Series:12

Information about the Series:13

Information about the Series:14

Information about the Series:15

Information about the Series:16

Information about the Series:17

Information about the Series:18

Information about the Series:19

Information about the Series:20

Information about the Series:21

Information about the Series:22

Information about the Series:23

Information about the Series:24

Information about the Series:25

Information about the Series:26

Information about the Series:27

Information about the Series:28

Information about the Series:29

Information about the Series:30

Information about the Series:31

Information about the Series:32

N-PX: Signature Block