Blackrock Funds

11/09/2026 | Press release | Distributed by Public on 11/09/2026 15:04

Prospectus by Investment Company (Form 497)

BLACKROCK FUNDSSM

BlackRock Global Equity Market Neutral Fund

(the "Fund")

Supplement dated November 9, 2026 to the Statement of

Additional Information ("SAI") of the Fund dated August 28, 2026, as supplemented to date

Effective immediately, the Fund's SAI is amended as follows:

The chart listing investments and investment strategies in Part I of the Fund's SAI entitled "I. Investment Objectives and Policies" as it relates to the Fund is deleted in relevant part and replaced with the following:

BlackRock Global

Equity Market Neutral Fund

Debt Securities X

Floating and Variable Rate Securities

X

Inflation-Indexed Bonds

Investment Grade Debt Obligations

X

High Yield Investments ("Junk Bonds")

X

Mezzanine Investments

Pay-in-kind Bonds

Supranational Entities

Shareholders should retain this Supplement for future reference.

SAI-GEMN-1126SUP

Blackrock Funds published this content on November 09, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on November 09, 2026 at 21:04 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]