BlackRock Allocation Target Shares | BlackRock Strategic Risk Allocation Fund |
Series C Portfolio | BlackRock U.S. Opportunities Portfolio |
Series E Portfolio | |
Series M Portfolio | BlackRock Funds II |
Series P Portfolio | BlackRock Aggressive Growth Prepared Portfolio |
Series S Portfolio | BlackRock Conservative Prepared Portfolio |
BlackRock Core Bond Portfolio | |
BlackRock Balanced Capital Fund, Inc. | BlackRock Emerging Markets Flexible Dynamic Bond Portfolio |
BlackRock Dynamic High Income Portfolio | |
BlackRock Basic Value Fund, Inc. | BlackRock Floating Rate Income Portfolio |
BlackRock Global Dividend Portfolio | |
BlackRock Bond Fund, Inc. | BlackRock GNMA Portfolio |
BlackRock Total Return Fund | BlackRock Growth Prepared Portfolio |
BlackRock High Yield Bond Portfolio | |
BlackRock California Municipal Series Trust | BlackRock Inflation Protected Bond Portfolio |
BlackRock California Municipal Bond Fund | BlackRock Low Duration Bond Portfolio |
BlackRock Moderate Prepared Portfolio | |
BlackRock Capital Appreciation Fund, Inc. | BlackRock Multi-Asset Income Portfolio |
BlackRock Secured Credit Portfolio | |
BlackRock CoRI Funds | BlackRock Strategic Income Opportunities Portfolio |
BlackRock CoRI 2015 Fund | BlackRock U.S. Government Bond Portfolio |
BlackRock CoRI 2017 Fund | LifePath® Active Retirement Portfolio |
BlackRock CoRI 2019 Fund | LifePath® Active 2020 Portfolio |
BlackRock CoRI 2021 Fund | LifePath® Active 2025 Portfolio |
BlackRock CoRI 2023 Fund | LifePath® Active 2030 Portfolio |
LifePath® Active 2035 Portfolio | |
BlackRock Emerging Markets Fund, Inc. | LifePath® Active 2040 Portfolio |
LifePath® Active 2045 Portfolio | |
BlackRock Equity Dividend Fund | LifePath® Active 2050 Portfolio |
LifePath® Active 2055 Portfolio | |
BlackRock EuroFund | |
BlackRock Funds III | |
BlackRock Focus Growth Fund, Inc. | BlackRock ACWI ex-US Index Fund |
BlackRock Bond Index Fund | |
BlackRock FundsSM | BlackRock CoreAlpha Bond Fund |
BlackRock All-Cap Energy & Resources Portfolio | BlackRock Russell 1000® Index Fund |
BlackRock Commodity Strategies Fund | BlackRock S&P 500 Stock Fund |
BlackRock Disciplined Small Cap Core Fund | LifePath® Retirement Portfolio |
BlackRock Emerging Market Allocation Portfolio | LifePath® 2020 Portfolio |
BlackRock Emerging Markets Dividend Fund | LifePath® 2025 Portfolio |
BlackRock Emerging Markets Long/Short Equity Fund | LifePath® 2030 Portfolio |
BlackRock Energy & Resources Portfolio | LifePath® 2035 Portfolio |
BlackRock Exchange Portfolio | LifePath® 2040 Portfolio |
BlackRock Flexible Equity Fund | LifePath® 2045 Portfolio |
BlackRock Global Long/Short Credit Fund | LifePath® 2050 Portfolio |
BlackRock Global Long/Short Equity Fund | LifePath® 2055 Portfolio |
BlackRock Global Opportunities Portfolio | LifePath® Index Retirement Portfolio |
BlackRock Health Sciences Opportunities Portfolio | LifePath® Index 2020 Portfolio |
BlackRock International Opportunities Portfolio | LifePath® Index 2025 Portfolio |
BlackRock Macro Themes Fund | LifePath® Index 2030 Portfolio |
BlackRock Managed Volatility Portfolio | LifePath® Index 2035 Portfolio |
BlackRock Mid-Cap Growth Equity Portfolio | LifePath® Index 2040 Portfolio |
BlackRock Multi-Asset Real Return Fund | |
BlackRock Multi-Manager Alternative Strategies Fund | |
BlackRock Real Estate Securities Fund | |
BlackRock Science & Technology Opportunities Portfolio | |
BlackRock Small Cap Growth Equity Portfolio |
LifePath® Index 2045 Portfolio | BlackRock High Yield Portfolio |
LifePath® Index 2050 Portfolio | BlackRock Large Cap Core Portfolio |
LifePath® Index 2055 Portfolio | BlackRock Money Market Portfolio |
BlackRock Total Return Portfolio | |
BlackRock Global Allocation Fund, Inc. | BlackRock U.S. Government Bond Portfolio |
BlackRock Global SmallCap Fund, Inc. | BlackRock Series, Inc. |
BlackRock International Fund | |
BlackRock Index Funds, Inc. | BlackRock Small Cap Growth Fund II |
BlackRock International Index Fund | |
BlackRock Small Cap Index Fund | BlackRock Value Opportunities Fund, Inc. |
BlackRock Large Cap Series Funds, Inc. | BlackRock Variable Series Funds, Inc. |
BlackRock Large Cap Core Fund | BlackRock Basic Value V.I. Fund |
BlackRock Large Cap Core Plus Fund | BlackRock Capital Appreciation V.I. Fund |
BlackRock Large Cap Growth Fund | BlackRock Equity Dividend V.I. Fund |
BlackRock Large Cap Value Fund | BlackRock Global Allocation V.I. Fund |
BlackRock Large Cap Growth Retirement Portfolio | BlackRock Global Opportunities V.I. Fund |
BlackRock Large Cap Value Retirement Portfolio | BlackRock High Yield V.I. Fund |
BlackRock Large Cap Core Retirement Portfolio | BlackRock International V.I. Fund |
BlackRock iShares® Alternative Strategies V.I. Fund | |
BlackRock Latin America Fund, Inc. | BlackRock iShares® Dynamic Allocation V.I. Fund |
BlackRock iShares® Dynamic Fixed Income V.I. Fund | |
BlackRock Long-Horizon Equity Fund | BlackRock iShares® Equity Appreciation V.I. Fund |
BlackRock Large Cap Core V.I. Fund | |
BlackRock Mid Cap Value Opportunities Series, Inc. | BlackRock Large Cap Growth V.I. Fund |
BlackRock Mid Cap Value Opportunities Fund | BlackRock Large Cap Value V.I. Fund |
BlackRock Managed Volatility V.I. Fund | |
BlackRock Multi-State Municipal Series Trust | BlackRock Money Market V.I. Fund |
BlackRock New York Municipal Bond Fund | BlackRock S&P 500 Index V.I. Fund |
BlackRock Total Return V.I. Fund | |
BlackRock Municipal Bond Fund, Inc. | BlackRock U.S. Government Bond V.I. Fund |
BlackRock High Yield Municipal Fund | BlackRock Value Opportunities V.I. Fund |
BlackRock National Municipal Fund | |
BlackRock Short-Term Municipal Fund | BlackRock World Income Fund, Inc. |
BlackRock Natural Resources Trust | Managed Account Series |
BlackRock U.S. Mortgage Portfolio | |
BlackRock Pacific Fund, Inc. | Global SmallCap Portfolio |
Mid Cap Value Opportunities Portfolio | |
BlackRock Series Fund, Inc. | |
BlackRock Balanced Capital Portfolio | |
BlackRock Capital Appreciation Portfolio | |
BlackRock Global Allocation Portfolio | |
(each, a Fund and collectively, the Funds)
Supplement dated January 2, 2015 to the
Statement of Additional Information of each Fund
Effective January 1, 2015, Part II of each Funds Statement of Additional Information is amended as follows:
The last paragraph under the section entitled Purchase of Shares Other Compensation to Selling Dealers in Part II of each Funds current Statement of Additional Information is deleted in its entirety and replaced with the following:
As of the date of this SAI, as amended or supplemented from time to time, the following Service Organizations are receiving such payments: Ameriprise Financial Services, AXA Advisors, CCO Investment Services, Cetera Advisor Networks LLC, Cetera Advisors LLC, Cetera Financial Specialists LLC, Cetera Investment Services LLC, Citigroup Global Markets, Inc., Commonwealth Equity Services (Commonwealth Financial Network),
2 |
FSC Securities Corporation, Investacorp, Inc., JP Morgan, LPL Financial Corporation, Merrill Lynch, MetLife Securities, Morgan Stanley Smith Barney, New England Securities Corporation, Northwestern Mutual Investment Services, LLC, PFS Investments, PNC Investments LLC, Raymond James, RBC Capital Markets, Royal Alliance Associates, SagePoint Financial, Santander Securities, LLC, Securities America, State Farm VP Management Corp., The Huntington Investment Co., Triad Advisors, Inc., UBS Financial Services, U.S. Bancorp Investments, Voya Financial Advisors, Inc., Voya Investments Distributor, LLC, Wells Fargo, Woodbury Financial Services, Inc. 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 years 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. In addition, from time to time BRIL, BlackRock or certain of their affiliates may make fixed dollar amount payments to certain Service Organizations listed above that are not based on the value of the shares sold to, or held by, the Service Organizations customers and may be different for different Service Organizations.
Shareholders should retain this Supplement for future reference.
3 |
SAI-GLOBAL-0115SUP