EX-99.1(F) 2 d56411dex991f.htm AMENDED AND RESTATED CODE OF REGULATIONS OF REGISTRANT Amended and Restated Code of Regulations of Registrant

Exhibit 1(f)

BLACKROCK FUNDSSM

(A Massachusetts Business Trust)

AMENDED AND RESTATED CERTIFICATE OF CLASSIFICATION OF SHARES

The undersigned, Secretary of BlackRock FundsSM (the “Trust”), does hereby certify to the following:

WHEREAS, the Declaration of Trust of the Trust, dated the 22nd day of December, 1988, as amended (the “Declaration”), provides in Section 5.1 that (a) the shares of beneficial interest in the Trust shall be of one class, par value $0.001 (each, a “Share” and collectively, the “Shares”), provided that, subject to the terms of the Declaration and the requirements of applicable law, the Trustees of the Trust (the “Trustees”) have the power to classify or reclassify any unissued Shares into any number of additional classes of Shares, (b) the Trustees may further classify or reclassify any class of Shares into one or more series of such class, (c) the Trustees shall give each class of Shares an alphabetical designation and may give any class of Shares such supplementary designation as the Trustees may deem appropriate and (d) more than one class of Shares may have the same alphabetical designation.

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, the Trustees have, from time to time, divided the Shares into several classes, each with an alphabetical designation and a supplementary designation (each, a “Portfolio” and collectively, the “Portfolios”), and have divided each of such Portfolios into one or more series of such Portfolios, having the same alphabetical designation and having a supplementary designation (each, a “Class” and collectively, the “Classes”), each as determined by the Trustees, and such Portfolios and Classes in effect as of January 3, 2019 were included in an Amended and Restated Certificate of Classification of Shares dated as of that date;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, at a meeting of the Trustees held on November 28, 2018, the Trustees by resolution approved the liquidation and subsequent termination of six Portfolios of the Trust with the alphabetical designations ZZZ, FFFFF, GGGGG, HHHHH, IIIII and QQQQ and the supplementary designations of BlackRock Emerging Markets Dividend Fund, iShares Edge MSCI USA Momentum Factor Index Fund, iShares Edge MSCI USA Quality Factor Index Fund, iShares Edge MSCI USA Size Factor Index Fund, iShares Edge MSCI USA Value Factor Index Fund, and iShares MSCI Asia ex Japan Index Fund, respectively, and each such Portfolio, other than BlackRock Emerging Markets Dividend Fund, was liquidated on or about January 29, 2019 and BlackRock Emerging Markets Dividend Fund was liquidated on or about February 15, 2019;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, at a meeting of the Trustees held on November 28, 2018, the Trustees by resolution approved the liquidation and subsequent termination of the Portfolio of the Trust with the alphabetical designation RRRR and with the supplemental designation iShares MSCI Developed World Index Fund, and such Portfolio was liquidated on or about May 7, 2019;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, at a meeting of the Trustees held on February 20, 2019, the Trustees by resolution approved the establishment and designation of a new Portfolio of the Trust with the alphabetical designation MMMMM and the supplementary designation of BlackRock Liquid Environmentally Aware Fund, and approved the further classification of the Shares of such Portfolio into three separate Classes of Shares with the same alphabetical designation, MMMMM-2, MMMMM-3, and MMMMM-21, with the supplemental designations of Investor A Shares, Institutional Shares and Direct Shares, respectively, effective as of February 20, 2019;

WHEREAS, a prior Certificate contained scrivener’s errors with respect to the designation of the Direct Shares of BlackRock Liquid Environmentally Aware Fund and the supplemental designation of Investor P Shares of iShares Municipal Bond Index Fund;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, at a meeting of the Trustees held on May 14-15, 2019, the Trustees by resolution approved the establishment and designation of a new class of BlackRock Money Market Portfolio with the alphabetical designation A-22 and the supplementary designation of Premier Shares, effective as of May 15, 2019;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, by written consent of the Trustees dated October 4, 2019, the Trustees approved the establishment and designation of a new class of BlackRock Technology Opportunities Fund with the alphabetical designation OO-18 and the supplementary designation of Class K Shares, effective as of October 4, 2019;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, the Trustees, by action at a meeting held on September 18, 2019, authorized the change in the supplementary designation of the Portfolio with the alphabetical designation WWWW from BlackRock Impact U.S. Equity Fund to BlackRock Advantage ESG U.S. Equity Fund and such name change became effective as of December 2, 2019;

WHEREAS, pursuant to an Agreement and Plan of Reorganization by and between the Trust, on behalf of its Portfolio with the alphabetical designation GGG, and the supplementary designation BlackRock Energy & Resources Portfolio (the “Target Fund”) and the Trust, on behalf of its Portfolio with the alphabetical designation HHH, and the supplementary designation BlackRock All-Cap Energy & Resources Portfolio (the “Acquiring Fund”), the Target Fund was reorganized into the Acquiring Fund on January 13, 2020 (the “Reorganization”), in complete liquidation and termination of the Target Fund;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, the Trustees, by action at a meeting held on July 31, 2019, authorized the change in the supplementary designation of the Acquiring Fund to BlackRock Energy Opportunities Fund as of the closing date of the Reorganization;

 

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WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, at a meeting of the Trustees held on February 10-12, 2020, the Trustees by resolution approved the liquidation and subsequent termination of the Portfolio of the Trust with the alphabetical designation YYYY and with the supplemental designation BlackRock Emerging Markets Equity Strategies Fund, and such Portfolio was liquidated on or about April 21, 2020;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, by action at a meeting held on February 10-12, 2020, the Trustees approved the establishment and designation of a new class of BlackRock High Equity Income Fund with the alphabetical designation II-18 and the supplementary designation of Class K Shares, effective as of April 21, 2020;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, the Trustees, by action at a meeting held on February 10-12, 2020, authorized the change in the supplementary designation of the Portfolio with the alphabetical designation A from BlackRock Money Market Portfolio to BlackRock Wealth Liquid Environmentally Aware Fund and such name change became effective as of May 11, 2020;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, at a meeting of the Trustees held on April 7, 2020, the Trustees by resolution: approved the establishment and designation of three new Portfolios of the Trust with the alphabetical designations NNNNN, OOOOO and PPPPP and the supplementary designations of BlackRock Global Impact Fund, BlackRock International Impact Fund and BlackRock U.S. Impact Fund, respectively; approved the further classification of the Shares of the Portfolio with the alphabetical designation NNNNN into three separate Classes of Shares with the same alphabetical designation, NNNNN-2, NNNNN-3, and NNNNN-18, with the supplemental designations of Investor A Shares, Institutional Shares and Class K Shares, respectively; approved the further classification of the Shares of the Portfolio with the alphabetical designation OOOOO into three separate Classes of Shares with the same alphabetical designation, OOOOO-2, OOOOO-3, and OOOOO-18, with the supplemental designations of Investor A Shares, Institutional Shares and Class K Shares, respectively; and approved the further classification of the Shares of the Portfolio with the alphabetical designation PPPPP into three separate Classes of Shares with the same alphabetical designation, PPPPP-2, PPPPP-3, and PPPPP-18, with the supplemental designations of Investor A Shares, Institutional Shares and Class K Shares, respectively;

WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, at a meeting of the Trustees held on May 12-13, 2020, the Trustees by resolution: approved the establishment and designation of two new Portfolios of the Trust with the alphabetical designations QQQQQ and RRRRR and the supplementary designations of BlackRock Advantage ESG Emerging Markets Equity Fund and BlackRock Advantage ESG International Equity Fund, respectively; approved the further classification of the Shares of the Portfolio with the alphabetical designation QQQQQ into three separate Classes of Shares with the same alphabetical designation, QQQQQ-2, QQQQQ-3, and QQQQQ-18, with the supplemental designations of Investor A Shares, Institutional Shares and Class K Shares, respectively; and approved the further classification of the Shares of the Portfolio with the alphabetical designation RRRRR into three separate Classes of Shares with the same alphabetical designation, RRRRR-2, RRRRR-3, and RRRRR-18, with the supplemental designations of Investor A Shares, Institutional Shares and Class K Shares, respectively; and

 

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WHEREAS, pursuant to the authority granted to the Trustees in Section 5.1 of the Declaration, at a meeting of the Trustees held on September 24, 2020, the Trustees by resolution approved the establishment and designation of a new class of BlackRock Liquid Environmentally Aware Fund with the alphabetical designation MMMMM-23 and the supplementary designation of Mischler Financial Group Shares.

NOW THEREFORE, the undersigned Secretary of the Trust does hereby further certify that following the actions referenced above, the Trust’s Certificate of Classification of Shares is amended and restated in its entirety as follows:

1.    The following Portfolios and Classes of such Portfolios have heretofore been established and designated by the Trustees in accordance with the Declaration and remain in effect on the date hereof:

 

Portfolio: Supplementary Designation    Portfolio:
Alphabetical
Designation		   

Classes of the
Portfolio:
Supplementary
Designation of
Classes with the
Same Alphabetical    
Designation

 

   

Classes of the
Portfolio:
Alphabetical
Designation of    
Classes of the

Portfolio

BlackRock Advantage Emerging Markets Fund

    DDDD    Investor A    DDDD-2
          Investor C    DDDD-5
          Institutional    DDDD-3
          Class K    DDDD-18

BlackRock Advantage ESG Emerging Markets Equity Fund

    QQQQQ    Investor A    QQQQQ-2
          Institutional    QQQQQ-3
          Class K    QQQQQ-18

BlackRock Advantage ESG International Equity Fund

    RRRRR    Investor A    RRRRR-2
          Institutional    RRRRR-3
          Class K    RRRRR-18

BlackRock Advantage ESG U.S. Equity Fund

    WWWW    Investor A    WWWW-2
          Investor C    WWWW-5
          Institutional    WWWW-3
          Class K    WWWW-18

BlackRock Advantage International Fund

    III    Investor A    III-2
          Investor C    III-5
          Institutional    III-3
          Class K    III-18
          Class R    III-13
          Service    III-1

 

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Portfolio: Supplementary Designation    Portfolio:
Alphabetical
Designation		   

Classes of the
Portfolio:
Supplementary
Designation of

Classes with the
Same Alphabetical    
Designation

 

   

Classes of the
Portfolio:
Alphabetical
Designation of    
Classes of the

Portfolio

BlackRock Advantage Large Cap Growth Fund

    DD    Investor A    DD-2
          Investor C    DD-5
          Institutional    DD-3
          Class K    DD-18
          Class R    DD-13
          Service    DD-1

BlackRock Advantage Small Cap Core Fund

    LLLL    Investor A    LLLL-2
          Investor C    LLLL-5
          Institutional    LLLL-3
          Class K    LLLL-18

BlackRock Advantage Small Cap Growth Fund

    T    Investor A    T-2
          Investor C    T-5
          Institutional    T-3
          Class K    T-18
          Class R    T-13
          Service    T-1

BlackRock China A Opportunities Fund

    LLLLL    Institutional    LLLLL-3
          Class K    LLLLL-18

BlackRock Commodity Strategies Fund

    CCCC    Investor A    CCCC-2
          Investor C    CCCC-5
          Institutional    CCCC-3
          Class K    CCCC-18

BlackRock Energy Opportunities Fund

    HHH    Investor A    HHH-2
          Investor C    HHH-5
          Institutional    HHH-3
          Class R    HHH-13
          Service    HHH-1

BlackRock Exchange Portfolio

    AAA    BlackRock    AAA-6

BlackRock Global Impact Fund

    NNNNN    Investor A    NNNNN-2
          Institutional    NNNNN-3
          Class K    NNNNN-18

 

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Portfolio: Supplementary Designation    Portfolio:
Alphabetical
Designation		   

Classes of the
Portfolio:
Supplementary
Designation of

Classes with the

Same Alphabetical    
Designation

 

   

Classes of the
Portfolio:
Alphabetical
Designation of    
Classes of the

Portfolio

BlackRock Global Long/Short Equity Fund

    JJJJ    Investor A    JJJJ-2
          Investor C    JJJJ-5
          Institutional    JJJJ-3
          Class K    JJJJ-18

BlackRock Health Sciences Opportunities Portfolio

    FFF    Investor A    FFF-2
          Investor C    FFF-5
          Institutional    FFF-3
          Class K    FFF-18
          Class R    FFF-13
          Service    FFF-1

BlackRock High Equity Income Fund

    II    Investor A    II-2
          Investor C    II-5
          Institutional    II-3
          Class K    II-18
          Class R    II-13
          Service    II-1

BlackRock International Dividend Fund

    HH    Investor A    HH-2
          Investor C    HH-5
          Institutional    HH-3
          Class K    HH-18
          Class R    HH-13
          Service    HH-1

BlackRock International Impact Fund

    OOOOO    Investor A    OOOOO-2
          Institutional    OOOOO-3
          Class K    OOOOO-18

BlackRock Liquid Environmentally Aware Fund

    MMMMM    Investor A    MMMMM-2
          Institutional    MMMMM-3
          Direct    MMMMM-21
          Mischler Financial  Group Shares    MMMMM-23

BlackRock Mid-Cap Growth Equity Portfolio

    EE    Investor A    EE-2
          Investor C    EE-5
          Institutional    EE-3
          Class K    EE-18
          Class R    EE-13
          Service    EE-1

 

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Portfolio: Supplementary Designation    Portfolio:
Alphabetical
Designation		   

Classes of the
Portfolio:
Supplementary
Designation of
Classes with the
Same Alphabetical    
Designation

 

   

Classes of the
Portfolio:
Alphabetical
Designation of    
Classes of the

Portfolio

BlackRock Real Estate Securities Fund

    HHHH    Investor A    HHHH-2
          Investor C    HHHH-5
          Institutional    HHHH-3

BlackRock Short Obligations Fund

    FFFF    Investor A    FFFF-2
          Institutional    FFFF-3
          Class K    FFFF-18

BlackRock Tactical Opportunities Fund

    E    Investor A    E-2
          Investor C    E-5
          Institutional    E-3
          Class K    E-18
          Class R    E-13
          Service    E-1

BlackRock Technology Opportunities Fund

    OO    Investor A    OO-2
          Investor C    OO-5
          Institutional    OO-3
          Class R    OO-13
          Service    OO-1
          Class K    OO-18

BlackRock Total Emerging Markets Fund

    MMMM    Investor A    MMMM-2
          Investor C    MMMM-5
          Institutional    MMMM-3

BlackRock Total Factor Fund

    KKKK    Investor A    KKKK-2
          Investor C    KKKK-5
          Institutional    KKKK-3
          Class K    KKKK-18

BlackRock U.S. Impact Fund

    PPPPP    Investor A    PPPPP-2
          Institutional    PPPPP-3
          Class K    PPPPP-18

 

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Portfolio: Supplementary Designation    Portfolio:
Alphabetical
Designation		   

Classes of the

Portfolio:

Supplementary

Designation of

Classes with the

Same Alphabetical    

Designation

 

   

Classes of the
Portfolio:
Alphabetical
Designation of    
Classes of the

Portfolio

BlackRock Wealth Liquid Environmentally Aware Fund

    A    Investor A    A-2
          Investor C    A-5
          Institutional    A-3
          Service    A-1
          Premier    A-22
iShares Developed Real Estate Index Fund    TTTT    Investor A    TTTT-2
          Institutional    TTTT-3
          Class K    TTTT-18
iShares Edge MSCI Min Vol EAFE Index Fund    DDDDD    Institutional    DDDDD-3
          Class K    DDDDD-18
iShares Edge MSCI Min Vol USA Index Fund    CCCCC    Institutional    CCCCC-3
          Class K    CCCCC-18
iShares Edge MSCI Multifactor Intl Index Fund    BBBBB    Institutional    BBBBB-3
          Class K    BBBBB-18
iShares Edge MSCI Multifactor USA Index Fund    AAAAA    Institutional    AAAAA-3
          Class K    AAAAA-18
iShares Municipal Bond Index Fund    KKKKK    Investor A    KKKKK-2
          Institutional    KKKKK-3
          Class K    KKKKK-18
          Investor P    KKKKK-20
iShares Russell Mid-Cap Index Fund    SSSS    Investor A    SSSS-2
          Institutional    SSSS-3
          Class K    SSSS-18
iShares Russell Small/Mid-Cap Index Fund    UUUU    Investor A    UUUU-2
          Institutional    UUUU-3
          Class K    UUUU-18
iShares Short-Term TIPS Bond Index Fund    XXXX    Investor A    XXXX-2
          Institutional    XXXX-3
          Class K    XXXX-18
iShares Total U.S. Stock Market Index Fund    VVVV    Investor A    VVVV-2
          Institutional    VVVV-3
          Class K    VVVV-18

 

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2.    The Trust is authorized to issue an unlimited number of Shares of beneficial interest of each such Portfolio and Class.

3.    All consideration received by the Trust for the issue or sale of Shares of a Class of a Portfolio shall be invested and reinvested with the consideration received by the Trust for the issue and sale of all other Classes of that Portfolio, together with all income, earnings, profits and proceeds thereof, including: (i) any proceeds derived from the sale, exchange or liquidation thereof, (ii) any funds or payments derived from any reinvestment of such proceeds in whatever form the same may be, and (iii) any general assets of the Trust allocated to Shares of that Portfolio by the Trustees in accordance with the Declaration; and each Class of the Portfolio shall share on the basis of relative net asset values (or on such other basis established by the Trustees or officers of the Trust) with such other Classes of Shares of such Portfolio in such consideration and other assets, income, earnings, profits and proceeds thereof, including any proceeds derived from the sale, exchange or liquidation thereof, and any assets derived from any reinvestment of such proceeds in whatever form.

4.    In determining the income attributable to each Portfolio: any general expenses and liabilities of the Trust allocated by the Trustees to the Portfolios of the Trust shall be allocated among all Portfolios on the basis of relative net asset values (or on such other basis established by the Trustees or officers of the Trust), and any expenses and liabilities of the Trust allocated by the Trustees to a Portfolio shall be allocated among the Classes of such Portfolio on the basis of relative net asset values (or on such other basis established by the Trustees or officers of the Trust), except that to the extent permitted by rule or order of the Securities and Exchange Commission, Shares of a Class shall bear all: (1) expenses and liabilities relating to Shares of that Class payable under the Trust’s Distribution and Service Plan with respect to those Shares and (2) other expenses and liabilities directly attributable to such Shares of a Class which the Trustees determine should be borne solely by such Shares.

5.    Shares shall (1) have all the preferences, conversion and other rights, voting powers, restrictions, limitations, qualifications, terms and conditions of redemption and such further terms and conditions as determined by the Trustees and set forth in the Trust’s Prospectus and Statement of Additional Information with respect to such Shares and (2) be subject to the terms of the Declaration, as the same may be amended from time to time and shall have the same voting powers, provided that: (i) when expressly required by law, or when otherwise permitted by the Trustees acting in their sole discretion, Shares shall be voted by individual Portfolio and/or Class; and (ii) only Shares of the respective Portfolio or Portfolios or Class or Classes, as the case may be, affected by a matter shall be entitled to vote on such matter, and provided further that without affecting any provisions in the Declaration, Shares of each Portfolio shall be subject to the express right of the Trust to redeem Shares of such Portfolio or Class of such Portfolio at any time if the Trustees determine in their sole discretion and by majority vote that failure to so redeem may have adverse consequences to the holders of the Shares of such Portfolio or Class of such Portfolio, and upon such redemption the holders of the Shares so redeemed shall have no further right with respect thereto other than to receive payment of the redemption price; and

6.    Each Share of each Portfolio issued for the purchase price established in its Prospectus will be validly issued, fully paid and non-assessable.

 

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(signature page follows)

 

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WITNESS my hand as of this 2nd day of November, 2020

 

/s/ Janey Ahn

Janey Ahn, Secretary

The Declaration establishing the Trust, a copy of which, together with all amendments thereto is on file in the office of the Secretary of the Commonwealth of Massachusetts, provides that the name of the Trust, “BlackRock FundsSM,” refers to the Trustees under the Declaration collectively as Trustees, but not as individuals or personally; and no Trustee, shareholder, officer, employee or agent of BlackRock FundsSM shall be held to any personal liability, nor shall resort be had to their private property for the satisfaction of any obligation or claim or otherwise in connection with the affairs of said Trust but the “Trust Property” only shall be liable.    

 

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