BLACKROCK BALANCED CAPITAL FUND, INC.
BlackRock Balanced Capital Fund, Inc.
BlackRock Basic Value Fund, Inc.
BlackRock Bond
Fund, Inc.
BlackRock Total Return Fund
BlackRock California Municipal Series Trust
BlackRock California Municipal Opportunities Fund
BlackRock Capital Appreciation Fund, Inc.
BlackRock
Emerging Markets Fund, Inc.
BlackRock Equity Dividend Fund
BlackRock EuroFund
BlackRock Focus Growth Fund, Inc.
BlackRock FundsSM
BlackRock Advantage Small Cap Core Fund
BlackRock Advantage Small Cap Growth Fund
BlackRock All-Cap Energy & Resources Portfolio
BlackRock Alternative Capital Strategies Fund
BlackRock Commodity Strategies Fund
BlackRock Emerging Markets Dividend Fund
BlackRock Emerging Markets Equity Strategies Fund
BlackRock Emerging Markets Long/Short Equity Fund
BlackRock Energy & Resources Portfolio
BlackRock Flexible Equity Fund
BlackRock Global Long/Short Credit Fund
BlackRock Global Long/Short Equity Fund
BlackRock Global Opportunities Portfolio
BlackRock Health Sciences Opportunities Portfolio
BlackRock Impact Bond Fund
BlackRock Impact U.S. Equity Fund
BlackRock International Opportunities Portfolio
BlackRock Mid-Cap Growth Equity Portfolio
BlackRock Multi-Manager Alternative Strategies Fund
BlackRock Real Estate Securities Fund
BlackRock Science & Technology Opportunities Portfolio
BlackRock Tactical Opportunities Fund
BlackRock Total Emerging Markets Fund
BlackRock Total Factor Fund
BlackRock U.S. Opportunities Portfolio
BlackRock Funds II
BlackRock Core Bond Portfolio
BlackRock Credit Strategies Income Fund
BlackRock Dynamic High Income Portfolio
BlackRock Emerging Markets Flexible Dynamic Bond Portfolio
BlackRock Floating Rate Income Portfolio
BlackRock Global Dividend Portfolio
BlackRock GNMA Portfolio
BlackRock High Yield Bond Portfolio
BlackRock Inflation Protected Bond Portfolio
BlackRock Low Duration Bond Portfolio
BlackRock Managed Income Fund
BlackRock Multi-Asset Income Portfolio
BlackRock Strategic Income Opportunities Portfolio
BlackRock U.S. Government Bond Portfolio
BlackRock Funds III
BlackRock
CoreAlpha Bond Fund
BlackRock Global Allocation Fund, Inc.
BlackRock Global SmallCap Fund, Inc.
BlackRock Large
Cap Series Funds, Inc.
BlackRock Event Driven Equity Fund
BlackRock Large Cap Core Fund
BlackRock Large Cap Growth Fund
BlackRock Large Cap Value Fund
BlackRock
Latin America Fund, Inc.
BlackRock Long-Horizon Equity Fund
BlackRock Mid Cap Value Opportunities Series, Inc.
BlackRock Mid Cap Value Opportunities Fund
BlackRock Multi-State Municipal Series Trust
BlackRock New Jersey Municipal Bond Fund
BlackRock New York Municipal Opportunities Fund
BlackRock Pennsylvania Municipal Bond Fund
BlackRock Municipal Bond Fund, Inc.
BlackRock High Yield Municipal Fund
BlackRock National Municipal Fund
BlackRock Short-Term Municipal Fund
BlackRock Municipal Series Trust
BlackRock Strategic Municipal Opportunities Fund
BlackRock Natural Resources Trust
BlackRock Pacific Fund, Inc.
BlackRock Series, Inc.
BlackRock International Fund
BlackRock Small Cap Growth Fund II
BlackRock Strategic Global Bond Fund, Inc.
BlackRock Value Opportunities Fund, Inc.
FDP Series, Inc.
FDP BlackRock CoreAlpha Bond Fund
FDP BlackRock Invesco Value Fund
FDP BlackRock Janus Growth Fund
FDP BlackRock MFS Research International Fund
Managed
Account Series
BlackRock U.S. Mortgage Portfolio
(each, a
Fund and collectively, the Funds)
Supplement dated May 17, 2017 to the Investor and Institutional Shares
Summary Prospectus of each Fund (each, a Summary Prospectus)
Effective May 17, 2017, each Summary Prospectus is amended as follows:
In the section of each Summary Prospectus entitled Key Facts About [the Fund]Purchase and Sale of Fund Shares or Purchase
and Sale of Fund Shares, as applicable, the Investor A and Investor C Shares column of the table is deleted in its entirety and replaced with the following:
|
|
|
|
|
Investor A and Investor C Shares |
Minimum Initial Investment |
|
$1,000 for all accounts except:
$50, if establishing an Automatic Investment Plan (AIP).
There is no investment minimum for employer-sponsored retirement plans (not including SEP IRAs,
SIMPLE IRAs or SARSEPs). There is no investment minimum for certain fee-based
programs. |
Minimum Additional
Investment |
|
$50 for all accounts (with the exception of certain employer-sponsored retirement plans which may have a lower minimum). |
- 2 -
In the section of each Summary Prospectus entitled Key Facts About [the Fund]Purchase and Sale of
Fund Shares or Purchase and Sale of Fund Shares, as applicable, the Institutional Shares column of the table is deleted in its entirety and replaced with the following:
|
|
|
|
|
Institutional Shares |
Minimum Initial Investment |
|
There is no minimum initial investment for:
Employer-sponsored retirement plans (not including SEP IRAs, SIMPLE IRAs or SARSEPs), state
sponsored 529 college savings plans, collective trust funds, investment companies or other pooled investment vehicles, unaffiliated thrifts and unaffiliated banks and trust companies, each of which may purchase shares of the Fund through a Financial
Intermediary that has entered into an agreement with the Funds distributor to purchase such shares.
Investors of Financial Intermediaries that: (i) charge such investors a fee for advisory,
investment consulting, or similar services or (ii) have entered into an agreement with the Funds distributor to offer Institutional Shares through a no-load program or investment platform.
$2 million for individuals and Institutional Investors, which include, but are
not limited to, endowments, foundations, family offices, local, city, and state governmental institutions, corporations and insurance company separate accounts who may purchase shares of the Fund through a Financial Intermediary that has entered
into an agreement with the Funds distributor to purchase such shares. $1,000 for
clients investing through Financial Intermediaries that offer such shares on a platform that charges a transaction based sales commission outside of the Fund. |
Minimum Additional
Investment |
|
No subsequent minimum. |
Shareholders should retain this Supplement for future reference.
SPR-MULTISC-0517SUP
- 3 -