Investment objective & strategy
As of May 28, 2025 · prospectusObjective. The investment objective of BlackRock Real Estate Securities Fund (the Fund), a series of BlackRock Funds SM (the Trust), is to seek total return comprised of long-term growth of capital and dividend income.
Strategy. Under normal conditions, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in a portfolio of equity investments in issuers that are primarily engaged in or related to the real estate industry inside the United States. An issuer is primarily engaged in or related to the real estate industry if it derives at least 50% of its gross revenues or net profits from the ownership, development, construction, financing, management or sale of commercial, industrial or residential real estate or interests therein or has 50% of its assets in real estate or real estate interests. The Fund may invest up to 20% of its net assets plus any … Under normal conditions, the Fund invests at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in a portfolio of equity investments in issuers that are primarily engaged in or related to the real estate industry inside the United States. An issuer is primarily engaged in or related to the real estate industry if it derives at least 50% of its gross revenues or net profits from the ownership, development, construction, financing, management or sale of commercial, industrial or residential real estate or interests therein or has 50% of its assets in real estate or real estate interests. The Fund may invest up to 20% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in a portfolio of equity investments in issuers that are primarily engaged in or related to the real estate industry outside the United States and fixed-income investments, such as government, corporate and bank debt obligations. Real estate industry companies may include real estate investment trusts (REITs), REIT-like structures, or real estate operating companies whose businesses and services are related to the real estate industry. The Fund primarily buys common stock but also can invest in preferred stock and convertible securities. The Fund concentrates its investments in securities of issuers in the real estate industry. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended.
Top holdings
As of Jan. 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| WELLTOWER INC | — | $35.25M | 9.91% |
| PROLOGIS INC REIT | — | $34.87M | 9.81% |
| EQUINIX INC | — | $25.30M | 7.12% |
| SIMON PROPERTY | — | $18.38M | 5.17% |
| EQUITY RESIDENTIAL REIT | — | $17.11M | 4.81% |
| AMERICAN TOWER CORP | — | $14.54M | 4.09% |
| PUBLIC STORAGE | — | $12.88M | 3.62% |
| CROWN CASTLE INC | — | $11.55M | 3.25% |
| UDR INC | — | $10.67M | 3.00% |
| IRON MOUNTAIN INC | — | $10.46M | 2.94% |
Portfolio moves
Oct 31, 2025 → Jan 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Neuberger Berman Real Estate Fund · NBRIX, NBRFX, NREAX, NRECX, NRERX, NRREX, NREEX | 66% | 0.08% |
| iShares Select U.S. REIT ETF · ICF | 65% | 0.32% |
| Knights of Columbus Real Estate Fund · KCRIX, KCRVX, KCRSX | 65% | 1.00% |
Advisers
| Firm | Role |
|---|---|
| BlackRock International Limited | Sub-adviser |
| BlackRock Advisors, LLC | Adviser |
| BlackRock (Singapore) Limited | Sub-adviser |
Footnotes
- Net assets and holdings count as of January 30, 2026, from the fund's N-PORT filing.
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