Exhibit 21

Direct and Indirect Subsidiaries of Bank of America Corporation
As of December 31, 2024

			Name			Location			Jurisdiction
			BA Continuum India Private Limited			Hyderabad, India			India
			BA Electronic Data Processing (Guangzhou) Ltd.			Guangzhou, PRC			People's Republic of China
			BAC Canada Finance Company			Toronto, Ontario, Canada			Canada
			BAC North America Holding Company			Charlotte, NC			Delaware
			BAL Investment & Advisory, LLC			San Francisco, CA			Delaware
			Banc of America FSC Holdings, Inc.			San Francisco, CA			Delaware
			Banc of America Leasing & Capital, LLC			San Francisco, CA			Delaware
			Banc of America Public Capital Corp			San Francisco, CA			Kansas
			Bank of America California, National Association			San Francisco, CA			United States of America
			Bank of America Europe Designated Activity Company			Dublin, Ireland			Ireland
			Bank of America Malaysia Berhad			Kuala Lumpur, Malaysia			Malaysia
			Bank of America Merrill Lynch Banco Múltiplo S.A.			Sao Paulo, Brazil			Brazil
			Bank of America Mexico, S.A., Institucion de Banca Multiple			Mexico City, Mexico			Mexico
			Bank of America, National Association			Charlotte, NC			United States of America
			Bank of America Singapore Limited			Singapore, Singapore			Singapore
			Bank of America Yatirim Bank A.S.			Istanbul, Turkey			Turkey
			BankAmerica International Financial Corporation			San Francisco, CA			United States of America
			Blue Ridge Investments, L.L.C.			New York, NY			Delaware
			BofA Finance LLC			Charlotte, NC			Delaware
			BofA Securities Europe SA			Paris, France			France
			BofA Securities, Inc.			New York, NY			Delaware
			BofA Securities India Limited			Mumbai, India			India
			BofA Securities Japan Co., Ltd.			Tokyo, Japan			Japan
			BofA Securities Prime, Inc.			New York, NY			Delaware
			Managed Account Advisors LLC			Jersey City, NJ			Delaware
			Merrill Lynch (Asia Pacific) Limited			Hong Kong, PRC			Hong Kong
			Merrill Lynch (Australia) Futures Limited			Sydney, Australia			Australia
			Merrill Lynch (Singapore) Pte. Ltd.			Singapore, Singapore			Singapore
			Merrill Lynch Argentina S.A.			Capital Federal, Argentina			Argentina
			Merrill Lynch B.V.			Amsterdam, Netherlands			Netherlands
			Merrill Lynch Bank and Trust Company (Cayman) Limited			George Town, Grand Cayman, Cayman Is.			Cayman Islands
			Merrill Lynch Canada Inc.			Toronto, Ontario, Canada			Canada
			Merrill Lynch Capital Services, Inc.			New York, NY			Delaware
			Merrill Lynch Commodities Canada, ULC			Toronto, Ontario, Canada			Canada
			Merrill Lynch Commodities, Inc.			Houston, TX			Delaware
			Merrill Lynch Corredores de Bolsa SpA			Santiago, Chile			Chile
			Merrill Lynch Equities (Australia) Limited			Sydney, Australia			Australia
			Merrill Lynch Far East Limited			Hong Kong, PRC			Hong Kong
			Merrill Lynch Global Services Pte. Ltd.			Singapore, Singapore			Singapore
			Merrill Lynch International			London, U.K.			United Kingdom
			Merrill Lynch International & Co. C.V.			Curacao, Netherlands Antilles			Curacao
			Merrill Lynch International, LLC			Charlotte, NC			Delaware
			Merrill Lynch Israel Ltd.			Tel Aviv, Israel			Israel
			Merrill Lynch, Kingdom of Saudi Arabia Company			Kingdom of Saudi Arabia			Saudi Arabia
			Merrill Lynch Malaysian Advisory Sdn. Bhd.			Kuala Lumpur, Malaysia			Malaysia
			Merrill Lynch Markets (Australia) Pty. Limited			Sydney, Australia			Australia
			Merrill Lynch Mexico, S.A. de C.V., Casa de Bolsa			Mexico City, Mexico			Mexico
			Merrill Lynch, Pierce, Fenner & Smith Incorporated			New York, NY			Delaware
			Merrill Lynch S.A. Corretora de Títulos e Valores Mobiliários			Sao Paulo, Brazil			Brazil
			Merrill Lynch Securities (Taiwan) Ltd.			Taipei, Taiwan			Taiwan
			Merrill Lynch Securities (Thailand) Limited			Bangkok, Thailand			Thailand
			Merrill Lynch South Africa Proprietary Limited			Gauteng, South Africa			South Africa
			Mortgages plc			London, U.K.			United Kingdom
			NB Holdings Corporation			Charlotte, NC			Delaware
			PT Merrill Lynch Sekuritas Indonesia			Jakarta, Indonesia			Indonesia
			U.S. Trust Company of Delaware			Wilmington, DE			Delaware
			Wave Lending Limited			London, U.K.			United Kingdom

Pursuant to Item 601(b)(21)(ii) of Regulation S-K, the names of certain other subsidiaries of Bank of America Corporation are omitted. These subsidiaries, considered in the aggregate, would not constitute a "significant subsidiary" under SEC rules.