EX-99.1(F) 2 f3734d2.htm AMENDED AND RESTATED CERTIFICATE OF CLASSIFICATION OF SHARES

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; 

  

 

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 will be liquidated on or about April 21, 2020; and 

  

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 February 12, 2020.  

  

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 of the 17th day of April, 2020, 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 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 

  

  

  

  

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 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 Liquid Environmentally Aware Fund 

MMMMM 

Investor A 

MMMMM-2 

  

  

Institutional 

MMMMM-3 

  

  

Direct 

MMMMM-21 

  

  

  

  

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 

  

  

  

  

BlackRock Money Market Portfolio 

A 

Investor A 

A-2 

  

  

Investor C 

A-5 

  

  

Institutional 

A-3 

  

  

Service 

A-1 

  

  

Premier 

A-22 

  

  

  

  

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 

  

  

  

  

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 

  

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. 

  

(signature page follows) 

  

 

 

  

WITNESS my hand as of this 17th day of April, 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.