Amendment No. 8 to Addendum No. 5 to the Investment Advisory Agreement
Exhibit 4(jjj)
Amendment No. 8 to Addendum No. 5 to the Investment Advisory Agreement
This Amendment dated as of the 19th day of April, 2023 is entered into by and between BLACKROCK FUNDSSM, a Massachusetts business trust (the “Fund”) and BLACKROCK ADVISORS, LLC, a Delaware limited liability company (the “Adviser”), and is effective as of the date hereof.
WHEREAS, the Fund and the Adviser have entered into an Investment Advisory Agreement dated as of September 29, 2006 (the “Advisory Agreement”) pursuant to which the Fund appointed the Adviser to act as investment adviser to certain investment portfolios of the Fund; and
1. |
The Adviser shall receive annual compensation from the Fund on behalf of the Portfolio for the services provided and the expenses assumed pursuant to the Advisory Agreement computed daily and payable monthly, as a percentage of the Portfolio’s average daily net assets, and calculated as follows:
Portfolio |
Average Daily Net Assets | Management Fee Rate |
||||
BlackRock International Dividend Fund |
First $1 billion | 0.60 | % | |||
$ 1 billion - $3 billion | 0.56 | % | ||||
$3 billion - $5 billion | 0.54 | % | ||||
$5 billion - $ 10 billion | 0.52 | % | ||||
Greater than $ 10 billion | 0.51 | % |
2. | Miscellaneous. Except to the extent supplemented hereby, the Addendum shall remain unchanged and in full force and effect. |
3. | Release. “BlackRock Funds” and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund. |
[End of Text]
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BLACKROCK FUNDSSM | ||
By: | /s/ Xxxx X. Xxxxxxxxx | |
Name: | Xxxx X. Xxxxxxxxx | |
Title: President and Chief Executive Officer | ||
BLACKROCK ADVISORS, LLC | ||
By: | /s/ Xxxxx Xxxxxx | |
Name: | Xxxxx Xxxxxx | |
Title: | Managing Director |
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