Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 445

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 445
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)                                          |     |                     |    (0.0519 | ) |     |             |    (0.0206 | )    |
| Net asset value, end of period                     |     | $                   |       1.00 |   |     | $           |       1.00 |      |
| Total Return(e)                                    |     |                     |            |   |     |             |            |      |
| Based on net asset value                           |     |                     |       5.31 | % |     |             |       2.07 | %(f) |
| Ratios to Average Net Assets                       |     |                     |            |   |     |             |            |      |
| Total expenses                                     |     |                     |       0.22 | % |     |             |       0.21 | %(g) |
| Total expenses after fees waived and/or reimbursed |     |                     |       0.09 | % |     |             |       0.09 | %(g) |
| Net investment income                              |     |                     |       5.18 | % |     |             |       4.29 | %(g) |
| Supplemental Data                                  |     |                     |            |   |     |             |            |      |
| Net assets, end of period (000)                    |     | $                   | 29,988,221 |   |     | $           | 25,387,043 |      |

| (a) | Commencement of operations. |

| (b) | Based on average shares outstanding. |

| (c) | The amount reported for a share outstanding may not accord with the change in aggregate gains and losses in                                                        
 securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |

| (d) | Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |

| (e) | Where applicable, assumes the reinvestment of distributions. |

| (f) | Not annualized. |

| (g) | Annualized. |

See notes to financial statements. F-102

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83

NOTES TO FINANCIAL STATEMENTS

1. Organization

BlackRock Funds (the “Trust”) is