<?xml version="1.0" encoding="us-ascii"?>
<!--XBRL document created by RR Donnelley IM Processor 9.1.2.0 using Fujitsu Interstage XWand-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <roleRef roleURI="http://www.blackrock.com/role/ScheduleAnnualFundOperatingExpenses000013" xlink:type="simple" xlink:href="bf1-20160617.xsd#httpwwwblackrockcomroleScheduleAnnualFundOperatingExpenses000013" />
  <calculationLink xlink:type="extended" xlink:role="http://www.blackrock.com/role/ScheduleAnnualFundOperatingExpenses000013" xlink:title="000013 - Schedule - Annual Fund Operating Expenses">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="NetExpensesOverAssets" xlink:to="ExpensesOverAssets" order="10.0" weight="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ExpensesOverAssets" xlink:to="ManagementFeesOverAssets" order="10.0" weight="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ExpensesOverAssets" xlink:to="DistributionAndService12b1FeesOverAssets" order="20.0" weight="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_DistributionOrSimilarNon12b1FeesOverAssets" xlink:label="DistributionOrSimilarNon12b1FeesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ExpensesOverAssets" xlink:to="DistributionOrSimilarNon12b1FeesOverAssets" order="30.0" weight="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ExpensesOverAssets" xlink:to="OtherExpensesOverAssets" order="40.0" weight="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component1OtherExpensesOverAssets" xlink:label="Component1OtherExpensesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="OtherExpensesOverAssets" xlink:to="Component1OtherExpensesOverAssets" order="10.0" weight="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component2OtherExpensesOverAssets" xlink:label="Component2OtherExpensesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="OtherExpensesOverAssets" xlink:to="Component2OtherExpensesOverAssets" order="20.0" weight="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_Component3OtherExpensesOverAssets" xlink:label="Component3OtherExpensesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="OtherExpensesOverAssets" xlink:to="Component3OtherExpensesOverAssets" order="30.0" weight="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ExpensesOverAssets" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="50.0" weight="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="NetExpensesOverAssets" xlink:to="FeeWaiverOrReimbursementOverAssets" order="20.0" weight="1" />
  </calculationLink>
</linkbase>
