BlackRock Funds (the "Registrant"): BlackRock Multi-Manager Alternative Strategies Fund (the "Fund") 77Q1(e): Copies of any new or amended Registrant investment advisory contracts Attached please find as an exhibit to Sub-Item 77Q1(e) of Form N-SAR, a...Sub-Advisory Agreement • October 27th, 2014 • Blackrock Funds • Delaware
BlackRock Funds (the "Registrant"): BlackRock Multi-Manager Alternative Strategies Fund (the "Fund") 77Q1(e): Copies of any new or amended Registrant investment advisory contracts Attached please find as an exhibit to Sub-Item 77Q1(e) of Form N-SAR, a...Sub-Advisory Agreement • October 27th, 2014 • Blackrock Funds • Delaware
AGREEMENT dated as of July 23, 2014, between BlackRock Advisors, LLC, a Delaware limited liability company ("Adviser"), and BlackRock Asset Management North Asia Limited, a corporation organized under the laws of Hong Kong ("Sub-Adviser"). WHEREAS, Adviser has agreed to furnish investment advisory services to BlackRock Multi-Manager Alternatives Fund (the "Portfolio") of BlackRock FundsSM (the "Fund"), an open-end, management investment company registered under the Investment Company Act of 1940, as amended ("1940 Act"); and WHEREAS, Adviser wishes to retain Sub-Adviser to provide it with sub-advisory services as described below in connection with Adviser's advisory activities on behalf of the Portfolio; WHEREAS, the investment advisory agreement between Adviser and the Fund dated September 29, 2006 (such Agreement or the most recent successor agreement between such parties relating to advisory services to the Fund is referred to herein as the "Advisory Agreement") contemplates that Ad
BlackRock Funds (the "Registrant"): BlackRock Multi-Manager Alternative Strategies Fund (the "Fund") 77Q1(e): Copies of any new or amended Registrant investment advisory contracts Attached please find as an exhibit to Sub-Item 77Q1(e) of Form N-SAR, a...Sub-Advisory Agreement • October 27th, 2014 • Blackrock Funds • Delaware
[Printer Note: Insert Rider K Here] SUB-INVESTMENT ADVISORY AGREEMENT AGREEMENT dated July 23, 2014, between BlackRock Advisors, LLC, a Delaware limited liability company (the "Advisor"), and BlackRock International Limited, a corporation organized under the laws of Scotland (the "Sub-Advisor"). WHEREAS, the Advisor has agreed to furnish investment advisory services to BlackRock Multi-Manager Alternatives Fund (the "Fund"), a series of BlackRock FundsSM, a Massachusetts business trust (the "Trust"), which is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); WHEREAS, the Advisor wishes to retain the Sub-Advisor to provide it with certain sub-advisory services as described below in connection with Advisor's advisory activities on behalf of the Fund; WHEREAS, the amended advisory agreement between the Advisor and the Trust, dated September 29, 2006 (such agreement or the most recent successor agreement between such
BlackRock Funds (the "Registrant"): BlackRock Multi-Manager Alternative Strategies Fund (the "Fund") 77Q1(e): Copies of any new or amended Registrant investment advisory contracts Attached please find as an exhibit to Sub-Item 77Q1(e) of Form N-SAR, a...Investment Advisory Agreement • October 27th, 2014 • Blackrock Funds
