BlackRock Balanced Capital Fund, Inc. | BlackRock Funds II (continued) |
BlackRock Multi-Sector Bond Portfolio | |
BlackRock Basic Value Fund, Inc. | BlackRock Prepared Portfolio 2015 |
BlackRock Prepared Portfolio 2020 | |
BlackRock Bond Fund, Inc. | BlackRock Prepared Portfolio 2025 |
BlackRock Total Return Fund | BlackRock Prepared Portfolio 2030 |
BlackRock Prepared Portfolio 2035 | |
BlackRock California Municipal Series Trust | BlackRock Prepared Portfolio 2040 |
BlackRock California Municipal Bond Fund | BlackRock Prepared Portfolio 2045 |
BlackRock Prepared Portfolio 2050 | |
BlackRock Capital Appreciation Fund, Inc. | BlackRock Strategic Income Opportunities Portfolio |
BlackRock U.S. Government Bond Portfolio | |
BlackRock Equity Dividend Fund | |
BlackRock Funds III | |
BlackRock EuroFund | BlackRock ACWI ex-US Index Fund |
BlackRock Bond Index Fund | |
BlackRock Focus Growth Fund, Inc | BlackRock CoreAlpha Bond Fund |
BlackRock Russell® 1000 Index Fund | |
BlackRock FundsSM | BlackRock S&P 500 Stock Fund |
BlackRock All-Cap Energy & Resources Portfolio | LifePath® Retirement Portfolio |
BlackRock Asset Allocation Portfolio | LifePath 2020 Portfolio® |
BlackRock China Fund | LifePath® 2025 Portfolio |
BlackRock Commodity Strategies Fund | LifePath 2030 Portfolio® |
BlackRock Emerging Markets Long/Short Equity Fund | LifePath® 2035 Portfolio |
BlackRock Energy & Resources Portfolio | LifePath 2040 Portfolio® |
BlackRock Exchange Portfolio | LifePath® 2045 Portfolio |
BlackRock Global Long/Short Credit Fund | LifePath® 2050 Portfolio |
BlackRock Global Opportunities Portfolio | LifePath® 2055 Portfolio |
BlackRock Health Sciences Opportunities Portfolio | LifePath® Index Retirement Portfolio |
BlackRock Index Equity Portfolio | LifePath® Index 2020 Portfolio |
BlackRock India Fund | LifePath® Index 2025 Portfolio |
BlackRock International Opportunities Portfolio | LifePath® Index 2030 Portfolio |
BlackRock Mid-Cap Growth Equity Portfolio | LifePath® Index 2035 Portfolio |
BlackRock Mid-Cap Value Equity Portfolio | LifePath® Index 2040 Portfolio |
BlackRock Science & Technology Opportunities Portfolio | LifePath® Index 2045 Portfolio |
BlackRock Small Cap Growth Equity Portfolio | LifePath® Index 2050 Portfolio |
BlackRock U.S. Opportunities Portfolio | LifePath® Index 2055 Portfolio |
BlackRock World Gold Fund | |
BlackRock Global Allocation Fund, Inc. | |
BlackRock Funds II | |
BlackRock Aggressive Growth Prepared Portfolio | BlackRock Global Dynamic Equity Fund |
BlackRock Conservative Prepared Portfolio | |
BlackRock Core Bond Portfolio | BlackRock Global Emerging Markets Fund, Inc. |
BlackRock Emerging Market Debt Portfolio | |
BlackRock Floating Rate Income Portfolio | BlackRock Global SmallCap Fund, Inc. |
BlackRock Global Dividend Income Portfolio | |
BlackRock GNMA Portfolio | BlackRock Index Funds, Inc. |
BlackRock Growth Prepared Portfolio | BlackRock International Index Fund |
BlackRock High Yield Bond Portfolio | BlackRock S&P 500 Index Fund |
BlackRock Income Portfolio | BlackRock Small Cap Index Fund |
BlackRock Inflation Protected Bond Portfolio | |
BlackRock International Bond Portfolio | |
BlackRock Long Duration Bond Portfolio | |
BlackRock Low Duration Bond Portfolio | |
BlackRock Moderate Prepared Portfolio |
BlackRock Large Cap Series Funds, Inc. | BlackRock Natural Resources Trust |
BlackRock Large Cap Core Fund | |
BlackRock Large Cap Core Plus Fund | BlackRock Pacific Fund, Inc. |
BlackRock Large Cap Growth Fund | |
BlackRock Large Cap Value Fund | BlackRock Series, Inc. |
BlackRock Large Cap Core Retirement Portfolio | BlackRock International Fund |
BlackRock Large Cap Growth Retirement Portfolio | BlackRock Small Cap Growth Fund II |
BlackRock Large Cap Value Retirement Portfolio | |
BlackRock Value Opportunities Fund, Inc. | |
BlackRock Latin America Fund, Inc. | |
BlackRock World Income Fund, Inc. | |
BlackRock Mid Cap Value Opportunities Series, Inc. | |
BlackRock Mid Cap Value Opportunities Fund | FDP Series, Inc. |
Franklin Templeton Total Return FDP Fund | |
BlackRock Multi-State Municipal Series Trust | Marsico Growth FDP Fund |
BlackRock New Jersey Municipal Bond Fund | MFS Research International FDP Fund |
BlackRock New York Municipal Bond Fund | Van Kampen Value FDP Fund |
BlackRock Pennsylvania Municipal Bond Fund | |
BlackRock Bond Allocation Target Shares | |
BlackRock Municipal Bond Fund, Inc. | BATS: Series C Portfolio |
BlackRock High Yield Municipal Fund | BATS: Series M Portfolio |
BATS: Series P Portfolio | |
BlackRock National Municipal Fund | BATS: Series S Portfolio |
BlackRock Short-Term Municipal Fund | |
Managed Account Series | |
BlackRock Municipal Series Trust | Global SmallCap Portfolio |
BlackRock Intermediate Municipal Fund | Mid Cap Value Opportunities Portfolio |
U.S. Mortgage Portfolio | |
(each, a “Fund” and collectively, the “Funds”)
Supplement dated October 28, 2011 to the
Statement of Additional Information of each Fund
Effective October 28, 2011, the Statements of Additional Information of the Funds are amended as follows:
The last paragraph under the section entitled “Purchase of Shares – Other Compensation to Selling Dealers” in Part II of each Fund’s current Statement of Additional Information is deleted in its entirety and replaced with the following:
As of the date of this Statement of Additional Information, as amended or supplemented from time to time, the following Service Organizations are receiving such payments: Ameriprise Financial Services, AXA Advisors, Chase Investment Services Corp, CCO Investment Services, Commonwealth Equity Services (Commonwealth Financial Network), Donegal Securities, Financial Network Investment Corporation, FSC Securities Corporation, ING Financial Partners, LPL Financial Corporation, Merrill Lynch, MetLife Securities, Morgan Stanley Smith Barney, Multi-Financial Securities Corporation, New England Securities Corporation, Oppenheimer & Co., PFS Investments, PrimeVest Financial Services, Raymond James, RBC Capital Markets, Royal Alliance Associates, SagePoint Financial, Securities America, Tower Square Securities, UBS Financial Services, Walnut Street Securities, U.S. Bancorp Investments, Wells Fargo and/or broker dealers and other financial services firms under common control with the above organizations (or their successors or assignees). The level of payments made to these Service Organizations in any year will vary, may be limited to specific Funds or share classes, and normally will not exceed the sum of (a) 0.25% of such year’s Fund sales by that Service Organization, and (b) 0.21% of the assets attributable to that Service Organization invested in a Fund. In certain cases, the payments described in the preceding sentence are subject to certain minimum payment levels.
Shareholders should retain this Supplement for future reference.