Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 349

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 349
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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-62

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 registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment
company. The Trust is organized as a Massachusetts business trust. Circle Reserve Fund (the “Fund”) is a series of the Trust. The Fund is classified as diversified.

The Fund operates as a “government money market fund” under Rule 2a-7 under the 1940 Act. The Fund is not subject to
discretionary liquidity fees.

The Fund, together with certain other registered investment companies advised by BlackRock Advisors, LLC (the “Manager”) or
its affiliates, is included in a complex of funds referred to as the BlackRock Multi-Asset Complex.

Shares of the Fund are only available