0001193125-18-239176.txt : 20180806 0001193125-18-239176.hdr.sgml : 20180806 20180806101819 ACCESSION NUMBER: 0001193125-18-239176 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180806 DATE AS OF CHANGE: 20180806 EFFECTIVENESS DATE: 20180806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK ADVANTAGE GLOBAL FUND, INC. CENTRAL INDEX KEY: 0000922457 IRS NUMBER: 223310365 STATE OF INCORPORATION: MD FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-53399 FILM NUMBER: 18993762 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK GLOBAL SMALLCAP FUND, INC. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL SMALLCAP FUND INC DATE OF NAME CHANGE: 19941019 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH SMALLCAP WORLD FUND INC DATE OF NAME CHANGE: 19940429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BALANCED CAPITAL FUND, INC. CENTRAL INDEX KEY: 0000110055 IRS NUMBER: 132757134 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-49007 FILM NUMBER: 18993790 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08536 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08536 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BALANCED CAPITAL FUND INC DATE OF NAME CHANGE: 20051214 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BALANCE CAPITAL FUND INC DATE OF NAME CHANGE: 20000831 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CAPITAL FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK ASIAN DRAGON FUND, INC. CENTRAL INDEX KEY: 0000202741 IRS NUMBER: 132866632 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-56978 FILM NUMBER: 18993791 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK PACIFIC FUND, INC. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH PACIFIC FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NOMURA CAPITAL FUND OF JAPAN INC DATE OF NAME CHANGE: 19800819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MUNICIPAL BOND FUND, INC. CENTRAL INDEX KEY: 0000225635 IRS NUMBER: 132896246 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-57354 FILM NUMBER: 18993774 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ONE LIBERTY MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19780622 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BASIC VALUE FUND, INC. CENTRAL INDEX KEY: 0000216557 IRS NUMBER: 132895755 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-58521 FILM NUMBER: 18993789 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BASIC VALUE FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Advantage U.S. Total Market Fund, Inc. CENTRAL INDEX KEY: 0000230382 IRS NUMBER: 132928561 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-60836 FILM NUMBER: 18993792 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGNTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGNTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Value Opportunities Fund, Inc. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: Merrill Lynch Value Opportunities Fund, Inc. DATE OF NAME CHANGE: 20040726 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH SMALL CAP VALUE FUND INC DATE OF NAME CHANGE: 20000628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK BOND FUND, INC. CENTRAL INDEX KEY: 0000276463 IRS NUMBER: 132949519 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-62329 FILM NUMBER: 18993788 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH BOND FUND INC DATE OF NAME CHANGE: 20030804 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CORPORATE BOND FUND INC/NY DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH HIGH INCOME FUND INC - CORRECTED NAME CHANGE DATE OF NAME CHANGE: 19600201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK CALIFORNIA MUNICIPAL SERIES TRUST CENTRAL INDEX KEY: 0000765199 IRS NUMBER: 226437105 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-96581 FILM NUMBER: 18993787 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CALIFORNIA MUNICIPAL SERIES TRUST DATE OF NAME CHANGE: 20051212 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CALIFORNIA INSURED MUNICIPAL SERIES TRUST DATE OF NAME CHANGE: 20051212 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH CALIFORNIA INSURED MUNICIPAL BOND FUND DATE OF NAME CHANGE: 20010822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK NATURAL RESOURCES TRUST CENTRAL INDEX KEY: 0000766555 IRS NUMBER: 136857277 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-97095 FILM NUMBER: 18993769 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH NATURAL RESOURCES TRUST / DATE OF NAME CHANGE: 20001031 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL RESOURCES TRUST / DATE OF NAME CHANGE: 19940325 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH NATURAL RESOURCES TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MULTI STATE MUNICIPAL SERIES TRUST CENTRAL INDEX KEY: 0000774013 IRS NUMBER: 226437104 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-99473 FILM NUMBER: 18993775 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH MULTI STATE MUNICIPAL SERIES TRUST DATE OF NAME CHANGE: 20051212 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH N Y MUNI BD FD OF M L MULTI ST MUNI SER TRUST DATE OF NAME CHANGE: 19930225 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH MULTI STATE TAX EXEMPT SERIES TRUST DATE OF NAME CHANGE: 19871206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK EUROFUND CENTRAL INDEX KEY: 0000790525 IRS NUMBER: 226410940 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-04026 FILM NUMBER: 18993784 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EUROFUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EUROPE TRUST DATE OF NAME CHANGE: 19861203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MUNICIPAL SERIES TRUST CENTRAL INDEX KEY: 0000799113 IRS NUMBER: 226419427 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-08058 FILM NUMBER: 18993773 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK INTERMEDIATE MUNICIPAL FUND OF BLACKROCK MUNICIPAL SERIES TRUST DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH MUNICIPAL INTERMEDIATE TERM FUND OF MERRILL LYNCH MUNICIPAL SERIES TRUST DATE OF NAME CHANGE: 20051216 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH MUN INTERM TERM FD OF ML MUN SER TR DATE OF NAME CHANGE: 19931123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK EQUITY DIVIDEND FUND CENTRAL INDEX KEY: 0000814507 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-14517 FILM NUMBER: 18993785 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08543-9011 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 08543-9011 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EQUITY DIVIDEND FUND DATE OF NAME CHANGE: 20051128 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH EQUITY INCOME FUND DATE OF NAME CHANGE: 20010103 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH DIVIDEND APPRECIATION FUND DATE OF NAME CHANGE: 19870803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK GLOBAL ALLOCATION FUND, INC. CENTRAL INDEX KEY: 0000834237 IRS NUMBER: 222937779 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-22462 FILM NUMBER: 18993780 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL ALLOCATION FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL INCOME FUND INC DATE OF NAME CHANGE: 19890706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK FUNDS CENTRAL INDEX KEY: 0000844779 IRS NUMBER: 510318674 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-26305 FILM NUMBER: 18993782 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: COMPASS CAPITAL FUNDS\ DATE OF NAME CHANGE: 19961114 FORMER COMPANY: FORMER CONFORMED NAME: PNC FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NCP FUNDS DATE OF NAME CHANGE: 19890511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK EMERGING MARKETS FUND, INC. CENTRAL INDEX KEY: 0000849402 IRS NUMBER: 222986118 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-28248 FILM NUMBER: 18993783 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK GLOBAL EMERGING MARKETS FUND, INC. DATE OF NAME CHANGE: 20080317 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK DEVELOPING CAPITAL MARKETS FUND, INC. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH DEVELOPING CAPITAL MARKETS FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK LATIN AMERICA FUND, INC. CENTRAL INDEX KEY: 0000877151 IRS NUMBER: 223122997 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-41622 FILM NUMBER: 18993777 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH LATIN AMERICA FUND INC DATE OF NAME CHANGE: 19920717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Strategic Global Bond Fund, Inc. CENTRAL INDEX KEY: 0000835620 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-42681 FILM NUMBER: 18993771 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK WORLD INCOME FUND, INC. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH WORLD INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: WORLD INCOME FUND INC DATE OF NAME CHANGE: 19910916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Capital Appreciation Fund, Inc. CENTRAL INDEX KEY: 0000887509 IRS NUMBER: 223186366 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-47875 FILM NUMBER: 18993786 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK FUNDAMENTAL GROWTH FUND, INC. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH FUNDAMENTAL GROWTH FUND INC DATE OF NAME CHANGE: 19920929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK MID CAP DIVIDEND SERIES, INC. CENTRAL INDEX KEY: 0000918848 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-53887 FILM NUMBER: 18993776 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK MID CAP VALUE OPPORTUNITIES SERIES INC. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: ASSET PROGRAM INC DATE OF NAME CHANGE: 20000203 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH ASSET BUILDER PROGRAM INC DATE OF NAME CHANGE: 19990331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Funds III CENTRAL INDEX KEY: 0000893818 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-54126 FILM NUMBER: 18993779 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 8006439691 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS GLOBAL INVESTORS FUNDS DATE OF NAME CHANGE: 20060201 FORMER COMPANY: FORMER CONFORMED NAME: BARCLAYS GLOBAL INVESTORS FUNDS INC DATE OF NAME CHANGE: 19990804 FORMER COMPANY: FORMER CONFORMED NAME: MASTERWORKS FUNDS INC DATE OF NAME CHANGE: 19960607 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FDP Series, Inc. CENTRAL INDEX KEY: 0001321652 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-123779 FILM NUMBER: 18993768 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Long-Horizon Equity Fund CENTRAL INDEX KEY: 0001324285 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0418 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-124372 FILM NUMBER: 18993770 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK LONG-HORIZON EQUITY FUND DATE OF NAME CHANGE: 20121015 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Global Dynamic Equity Fund DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Global Dynamic Equity Opportunities Fund DATE OF NAME CHANGE: 20061002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Managed Account Series CENTRAL INDEX KEY: 0001323737 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0412 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-124463 FILM NUMBER: 18993767 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Funds II CENTRAL INDEX KEY: 0001398078 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-142592 FILM NUMBER: 18993781 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Fixed Income Trust DATE OF NAME CHANGE: 20070501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK INDEX FUNDS, INC. CENTRAL INDEX KEY: 0001026144 IRS NUMBER: 223483675 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-15265 FILM NUMBER: 18993763 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH INDEX FUNDS INC DATE OF NAME CHANGE: 19961031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Managed Account Series II CENTRAL INDEX KEY: 0001738079 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-224372 FILM NUMBER: 18993765 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Funds VI CENTRAL INDEX KEY: 0001738080 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-224374 FILM NUMBER: 18993764 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK SERIES, INC. CENTRAL INDEX KEY: 0001062806 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-56203 FILM NUMBER: 18993772 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 09809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 09809 FORMER COMPANY: FORMER CONFORMED NAME: MERCURY FUNDS INC DATE OF NAME CHANGE: 20010827 FORMER COMPANY: FORMER CONFORMED NAME: MERCURY ASSET MANAGEMENT FUNDS INC DATE OF NAME CHANGE: 19980714 FORMER COMPANY: FORMER CONFORMED NAME: MERCURY ALPHA FUND INC DATE OF NAME CHANGE: 19980601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK LARGE CAP SERIES FUNDS, INC. CENTRAL INDEX KEY: 0001097077 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-89389 FILM NUMBER: 18993778 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH LARGE CAP SERIES FUNDS INC DATE OF NAME CHANGE: 19991018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK FOCUS GROWTH FUND, INC. CENTRAL INDEX KEY: 0001097293 IRS NUMBER: 223711535 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-89775 FILM NUMBER: 18993766 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK FOCUS Growth FUND, INC. DATE OF NAME CHANGE: 20071219 FORMER COMPANY: FORMER CONFORMED NAME: BLACKROCK FOCUS TWENTY FUND, INC. DATE OF NAME CHANGE: 20061002 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH FOCUS TWENTY FUND INC DATE OF NAME CHANGE: 19991118 0000110055 S000002175 BLACKROCK BALANCED CAPITAL FUND, INC. C000005578 Investor A C000005580 Investor C C000005581 Institutional C000005582 Class R C000199764 Class K 0000202741 S000002248 BLACKROCK ASIAN DRAGON FUND, INC. C000005805 Investor A C000005807 Investor C C000005808 Institutional C000005809 Class R C000198217 Class K 0000216557 S000002321 BLACKROCK BASIC VALUE FUND, INC. C000006074 Investor A C000006076 Investor C C000006077 Institutional C000007847 Class R C000152172 Class K Shares 0000225635 S000002334 BlackRock National Municipal Fund C000006118 Investor A C000006120 Investor C1 C000006121 Institutional C000038033 Investor C C000100249 Service Shares C000100250 Class K 0000225635 S000002335 BlackRock Short-Term Municipal Fund C000006122 Investor A1 C000006124 Investor C C000006125 Institutional C000038034 Investor A C000038035 Class K Shares 0000225635 S000011867 BlackRock High Yield Municipal Fund C000032425 Investor A C000032427 Investor C C000032428 Institutional C000199786 Class K 0000230382 S000002323 BlackRock Advantage U.S. Total Market Fund, Inc. C000006079 Investor A C000006081 Investor C C000006082 Institutional C000006083 Class R C000199765 Class K 0000276463 S000004071 BlackRock Total Return Fund C000011387 Investor A C000011389 Investor C1 C000011390 Institutional C000011391 Class R C000037618 Investor A1 C000037620 Investor C C000037621 Investor C2 C000052630 Service C000052631 Class K Shares 0000765199 S000004030 BlackRock California Municipal Opportunities Fund C000011299 Investor A1 C000011301 Investor C1 C000011302 Institutional C000038561 Investor A C000038562 Investor C C000199773 Class K 0000766555 S000002176 BLACKROCK NATURAL RESOURCES TRUST C000005583 Investor A C000005585 Investor C C000005586 Institutional 0000774013 S000004033 BlackRock New Jersey Municipal Bond Fund C000011309 Investor A1 C000011311 Investor C1 C000011312 Institutional C000038245 Investor A C000038247 Investor C C000038248 Service C000199769 Class K 0000774013 S000004034 BlackRock New York Municipal Opportunities Fund C000011313 Investor A1 C000011315 Investor C1 C000011316 Institutional C000038358 Investor A C000038359 Investor C C000199771 Class K 0000774013 S000004035 BlackRock Pennsylvania Municipal Bond Fund C000011317 Investor A1 C000011319 Investor C1 C000011320 Institutional C000038303 Investor A C000038305 Investor C C000038306 Service C000199770 Class K 0000790525 S000002177 BLACKROCK EUROFUND C000005587 Investor A C000005589 Investor C C000005590 Institutional C000005591 Class R C000199787 Class K 0000799113 S000004053 BlackRock Strategic Municipal Opportunities Fund of BlackRock Municipal Series Trust C000011339 Investor A1 C000011342 Institutional C000038983 Investor A C000038984 Investor C C000199785 Class K 0000814507 S000002243 BLACKROCK EQUITY DIVIDEND FUND C000005780 Investor A C000005782 Investor C C000005783 Institutional C000005784 Class R C000038256 Service C000100227 Investor C1 C000166015 Class K 0000834237 S000002245 BLACKROCK GLOBAL ALLOCATION FUND, INC. C000005790 Investor A C000005792 Investor C C000005793 Institutional C000005794 Class R C000172904 Class K 0000835620 S000002866 BlackRock Strategic Global Bond Fund, Inc. C000007879 Investor A C000007881 Investor C1 C000007882 Institutional C000038980 Investor C C000162768 Class K 0000844779 S000001505 BLACKROCK MID CAP GROWTH EQUITY PORTFOLIO C000004036 INSTITUTIONAL CMGIX C000004037 SERVICE CMGSX C000004038 INVESTOR A BMGAX C000004040 INVESTOR C BMGCX C000037625 R Shares BMRRX C000166016 Class K 0000844779 S000001507 BLACKROCK ADVANTAGE SMALL CAP GROWTH FUND C000004047 INSTITUTIONAL PSGIX C000004048 SERVICE PCGEX C000004049 INVESTOR A CSGEX C000004051 INVESTOR C CGICX C000037627 R Shares C000198224 Class K 0000844779 S000001509 BLACKROCK HIGH EQUITY INCOME FUND C000004057 INSTITUTIONAL BMCIX C000004058 SERVICE BMCSX C000004059 INVESTOR A BMEAX C000004061 INVESTOR C BMECX C000037629 R Shares 0000844779 S000001510 BlackRock Technology Opportunities Fund C000004062 INSTITUTIONAL BGSIX C000004063 SERVICE BSTSX C000004064 INVESTOR A BGSAX C000004066 INVESTOR C BGSCX C000037630 R Shares 0000844779 S000001511 BLACKROCK INTERNATIONAL DIVIDEND FUND C000004067 INSTITUTIONAL BISIX C000004068 SERVICE BRESX C000004069 INVESTOR A BREAX C000004071 INVESTOR C BRECX C000037631 R Shares C000198240 Class K 0000844779 S000001869 BLACKROCK ALL-CAP ENERGY & RESOURCES PORTFOLIO C000004873 INSTITUTIONAL BACIX C000004874 SERVICE BACSX C000004875 INVESTOR A BACAX C000004877 INVESTOR C BACCX C000037654 R Shares 0000844779 S000001870 BLACKROCK TACTICAL OPPORTUNITIES FUND C000004878 INSTITUTIONAL PBAIX C000004879 SERVICE PCBSX C000004880 INVESTOR A PCBAX C000004882 INVESTOR C BRBCX C000037655 R Shares C000173964 Class K Shares 0000844779 S000001871 BLACKROCK ADVANTAGE LARGE CAP GROWTH FUND C000004883 INSTITUTIONAL CMVIX C000004884 SERVICE CMVSX C000004885 INVESTOR A BMCAX C000004887 INVESTOR C BMCCX C000037656 R Shares C000198239 Class K 0000844779 S000001875 BLACKROCK ENERGY & RESOURCES PORTFOLIO C000004902 INSTITUTIONAL SGLSX C000004903 SERVICE SSRGX C000004904 INVESTOR A SSGRX C000004906 INVESTOR C SSGDX C000037659 R Shares 0000844779 S000001877 BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO C000004912 INSTITUTIONAL SHSSX C000004913 SERVICE SHISX C000004914 INVESTOR A SHSAX C000004916 INVESTOR C SHSCX C000037661 R Shares C000172900 Class K 0000844779 S000008399 BLACKROCK ADVANTAGE INTERNATIONAL FUND C000023028 INSTITUTIONAL CLASS C000023029 SERVICE CLASS C000023030 INVESTOR A CLASS C000023032 INVESTOR C CLASS C000037670 R Shares C000198216 Class K 0000844779 S000030675 BlackRock Emerging Markets Dividend Fund C000095059 Investor A Shares C000095060 Investor C Shares C000095061 Institutional Shares C000198235 Class K 0000844779 S000033600 BlackRock Global Long/Short Credit Fund C000103247 Investor A Shares C000103248 Investor C Shares C000103249 Institutional Shares C000166018 Class K 0000844779 S000033601 BlackRock Commodity Strategies Fund C000103250 Investor A Shares C000103251 Investor C Shares C000103252 Institutional Shares C000198241 Class K 0000844779 S000033603 BlackRock Advantage Emerging Markets Fund C000103256 Investor A Shares C000103257 Investor C Shares C000103258 Institutional Shares C000198231 Class K 0000844779 S000038448 BlackRock Real Estate Securities Fund C000118599 Investor A Shares C000118600 Investor C Shares C000118601 Institutional Shares 0000844779 S000038550 BlackRock Short Obligations Fund C000119004 Class K Shares C000129315 Institutional Shares C000198747 Investor A Shares 0000844779 S000039460 BlackRock Global Long/Short Equity Fund C000121567 Institutional Shares C000121568 Investor A Shares C000121569 Investor C Shares C000166017 Class K 0000844779 S000039515 BlackRock Total Factor Fund C000121711 Institutional Shares C000121712 Investor A Shares C000121713 Investor C Shares C000177759 Class K 0000844779 S000039982 BlackRock Advantage Small Cap Core Fund C000124019 Institutional Shares BDSIX C000124020 Investor A Shares BDSAX C000124021 Investor C Shares BDSCX C000166014 Class K BDSKX 0000844779 S000040403 BlackRock Total Emerging Markets Fund C000125531 Institutional Shares C000125532 Investor A Shares C000125533 Investor C Shares 0000844779 S000049219 BlackRock Alternative Capital Strategies Fund C000155225 Investor A C000155226 Investor C C000155227 Institutional 0000844779 S000049319 iShares Russell Mid-Cap Index Fund C000155940 Institutional C000155941 Class K C000163604 Investor A 0000844779 S000049320 iShares MSCI Asia ex Japan Index Fund C000155976 Institutional C000163605 Class K 0000844779 S000049321 iShares MSCI Developed World Index Fund C000155979 Institutional C000163603 Class K 0000844779 S000050371 iShares Developed Real Estate Index Fund C000159045 Investor A C000159046 Institutional C000159047 Class K 0000844779 S000050372 iShares Total U.S. Stock Market Index Fund C000159048 Investor A C000159049 Institutional C000159050 Class K 0000844779 S000050373 iShares Russell Small/Mid-Cap Index Fund C000159051 Investor A C000159052 Institutional C000159053 Class K 0000844779 S000051092 BlackRock Impact U.S. Equity Fund C000160934 Investor A C000160935 Investor C C000160936 Institutional C000166019 Class K 0000844779 S000052837 iShares Short-Term TIPS Bond Index Fund C000166148 Investor A C000166149 Institutional C000166150 Class K 0000844779 S000052876 BlackRock Emerging Markets Equity Strategies Fund C000166353 Investor A C000166354 Investor C C000166355 Institutional C000166356 Class K 0000844779 S000054534 iShares Edge MSCI Multifactor USA Index Fund C000171191 Investor A C000171192 Investor C C000171193 Institutional C000171194 Class K 0000844779 S000054535 iShares Edge MSCI Multifactor Intl Index Fund C000171195 Investor A C000171196 Investor C C000171197 Institutional C000171198 Class K 0000844779 S000054536 iShares Edge MSCI Min Vol USA Index Fund C000171199 Investor C C000171200 Institutional C000171201 Class K C000171202 Investor A 0000844779 S000054537 iShares Edge MSCI Min Vol EAFE Index Fund C000171203 Investor A C000171204 Investor C C000171205 Institutional C000171206 Class K 0000844779 S000054980 BlackRock Impact Bond Fund C000172936 Investor A C000172937 Investor C C000172938 Institutional C000172939 Class K 0000844779 S000055930 iShares Edge MSCI USA Momentum Factor Index Fund C000176139 INSTITUTIONAL C000176140 Class K 0000844779 S000055931 iShares Edge MSCI USA Quality Factor Index Fund C000176141 INSTITUTIONAL C000176142 Class K 0000844779 S000055932 iShares Edge MSCI USA Size Factor Index Fund C000176143 INSTITUTIONAL C000176144 Class K 0000844779 S000055933 iShares Edge MSCI USA Value Factor Index Fund C000176145 INSTITUTIONAL C000176146 Class K 0000844779 S000059911 iShares Municipal Bond Index Fund C000195947 Investor A C000195948 Institutional C000195949 Class K C000201952 Investor P Shares 0000849402 S000002250 BLACKROCK EMERGING MARKETS FUND, INC. C000005814 Investor A C000005816 Investor C C000005817 Institutional C000198223 Class K 0000877151 S000002247 BLACKROCK LATIN AMERICA FUND, INC. C000005800 Investor A C000005802 Investor C C000005803 Institutional C000198225 Class K 0000887509 S000002520 BLACKROCK CAPITAL APPRECIATION FUND, INC. C000006952 Investor A C000006954 Investor C C000006955 Institutional C000006956 Class R C000088417 Class K 0000893818 S000004270 iShares U.S. Aggregate Bond Index Fund C000011974 Class K Shares WFBIX C000099166 Investor A Shares C000099167 Institutional Shares C000201953 Investor P Shares 0000893818 S000004272 iShares S&P 500 Index Fund C000011979 Class K Shares WFSPX C000117725 Investor A Shares C000117726 Institutional Shares C000117727 Investor C1 Shares C000117728 Service Shares C000201951 Investor P Shares 0000893818 S000004277 BlackRock LifePath Dynamic 2020 Fund C000011995 Investor A Shares LPRCX C000011996 Institutional Shares STLCX C000051480 Class K LPSCX C000082486 Class R Shares LPRMX C000088832 Investor C Shares LPCMX 0000893818 S000004278 BlackRock LifePath Dynamic 2030 Fund C000011997 Investor A Shares LPRDX C000011998 Institutional Shares STLDX C000051481 Class K LPSDX C000082487 Class R Shares LPRNX C000088835 Investor C Shares LPCNX 0000893818 S000004279 BlackRock LifePath Dynamic 2040 Fund C000011999 Investor A Shares LPREX C000012000 Institutional Shares STLEX C000051482 Class K LPSFX C000082488 Class R Shares LPRKX C000088838 Investor C Shares LPCKX 0000893818 S000004280 BlackRock LifePath Dynamic Retirement Fund C000012001 Investor A Shares LPRAX C000012002 Institutional Shares STLAX C000051483 Class K LPSAX C000082489 Class R Shares LPRRX C000088841 Investor C Shares LPCRX 0000893818 S000022024 BlackRock Lifepath Dynamic 2050 Fund C000063260 Investor A Shares LPRFX C000063261 Institutional Shares STLFX C000063262 Class K LPSGX C000082490 Class R Shares LPRPX C000088844 Investor C Shares LPCPX 0000893818 S000026183 BlackRock CoreAlpha Bond Fund C000078564 Institutional Shares C000116201 Investor A Shares C000116202 Investor C Shares C000166009 Class K 0000893818 S000029259 BlackRock LifePath Dynamic 2025 Fund C000089947 Investor A Shares LPBAX C000089948 Investor C Shares LPBCX C000089949 Institutional Shares LPBIX C000089950 Class K Shares LPBKX C000089951 Class R Shares LPBRX 0000893818 S000029260 BlackRock LifePath Dynamic 2035 Fund C000089952 Class R Shares LPJRX C000089953 Investor A Shares LPJAX C000089954 Investor C Shares LPJCX C000089955 Institutional Shares LPJIX C000089956 Class K Shares LPJKX 0000893818 S000029261 BlackRock LifePath Dynamic 2045 Fund C000089957 Investor A Shares LPHAX C000089958 Investor C Shares LPHCX C000089959 Institutional Shares LPHIX C000089960 Class K Shares LPHKX C000089961 Class R Shares LPHRX 0000893818 S000029262 BlackRock LifePath Dynamic 2055 Fund C000089962 Investor A Shares LPVAX C000089963 Investor C Shares LPVCX C000089964 Institutional Shares LPVIX C000089965 Class K Shares LPVKX C000089966 Class R Shares LPVRX 0000893818 S000031723 iShares Russell 1000 Large-Cap Index Fund C000098723 Investor A Shares C000098724 Institutional Shares C000098725 Class K shares 0000893818 S000032775 BLACKROCK LIFEPATH INDEX RETIREMENT FUND C000101134 Investor A C000101135 Institutional Shares C000101136 Class K Shares C000201968 Investor P Shares 0000893818 S000032776 BLACKROCK LIFEPATH INDEX 2020 FUND C000101137 Investor A C000101138 Institutional Shares C000101139 Class K Shares C000201969 Investor P Shares 0000893818 S000032777 BLACKROCK LIFEPATH INDEX 2025 FUND C000101140 Investor A C000101141 Institutional Shares C000101142 Class K Shares C000201970 Investor P Shares 0000893818 S000032778 BLACKROCK LIFEPATH INDEX 2030 FUND C000101143 Investor A C000101144 Institutional Shares C000101145 Class K Shares C000201971 Investor P Shares 0000893818 S000032779 BLACKROCK LIFEPATH INDEX 2035 FUND C000101146 Investor A C000101147 Institutional Shares C000101148 Class K Shares C000201972 Investor P Shares 0000893818 S000032780 BLACKROCK LIFEPATH INDEX 2040 FUND C000101149 Investor A C000101150 Institutional Shares C000101151 Class K Shares C000201973 Investor P Shares 0000893818 S000032781 BLACKROCK LIFEPATH INDEX 2045 FUND C000101152 Investor A C000101153 Institutional Shares C000101154 Class K Shares C000201974 Investor P Shares 0000893818 S000032782 BLACKROCK LIFEPATH INDEX 2050 FUND C000101155 Investor A C000101156 Institutional Shares C000101157 Class K Shares C000201975 Investor P Shares 0000893818 S000032783 BLACKROCK LIFEPATH INDEX 2055 FUND C000101158 Investor A C000101159 Institutional Shares C000101160 Class K Shares C000201976 Investor P Shares 0000893818 S000033188 iShares MSCI Total International Index Fund C000102140 Investor A Shares C000102141 Institutional Shares C000102142 Class K shares 0000893818 S000052849 BlackRock LifePath Index 2060 Fund C000166217 Investor A C000166218 Institutional C000166219 Class K C000201977 Investor P Shares 0000893818 S000057862 BlackRock LifePath Dynamic 2060 Fund C000187068 Investor A Shares C000187069 Investor C Shares C000187070 Institutional Shares C000187071 Class R Shares C000187072 Class K Shares 0000918848 S000002541 BlackRock Mid Cap Dividend Fund C000006998 Investor A C000007000 Investor C C000007001 Institutional C000007002 Class R C000199762 Class K 0000922457 S000002724 BLACKROCK ADVANTAGE GLOBAL FUND, INC. C000007429 Investor A C000007431 Investor C C000007432 Institutional C000007433 Class R C000199761 Class K 0001026144 S000003116 iShares MSCI EAFE International Index Fund C000008447 Investor A C000008448 Institutional C000099168 Class K C000201956 Investor P Shares 0001026144 S000003118 iShares Russell 2000 Small-Cap Index Fund C000008451 Investor A C000008452 Institutional C000099169 Class K C000201957 Investor P Shares 0001062806 S000002291 BlackRock International Fund C000005981 Investor A C000005983 Investor C C000005984 Institutional C000101856 Class R Shares C000198221 Class K 0001097077 S000001973 BlackRock Advantage Large Cap Core Fund C000005171 Investor A C000005173 Investor C C000005174 Institutional C000005175 Class R C000052209 Service C000198228 Class K 0001097077 S000001974 BlackRock Large Cap Focus Growth Fund C000005176 Investor A C000005178 Investor C C000005179 Institutional C000005180 Class R C000037858 Service C000198233 Class K 0001097077 S000001975 BlackRock Advantage Large Cap Value Fund C000005181 Investor A C000005183 Investor C C000005184 Institutional C000005185 Class R C000037859 Service C000198229 Class K 0001097077 S000018499 BlackRock Event Driven Equity Fund C000051319 Investor A C000051320 Investor C C000051321 Institutional 0001097293 S000002344 BLACKROCK FOCUS GROWTH FUND, INC. C000006151 Investor A C000006153 Investor C C000006154 Institutional 0001321652 S000002993 FDP BlackRock International Fund C000008226 Investor A C000008228 Investor C C000008229 Institutional 0001321652 S000002994 FDP BlackRock Capital Appreciation Fund C000008230 Investor A C000008232 Investor C C000008233 Institutional 0001321652 S000002995 FDP BlackRock Equity Dividend Fund C000008234 Investor A C000008236 Investor C C000008237 Institutional 0001321652 S000002996 FDP BlackRock CoreAlpha Bond Fund C000008238 Investor A C000008240 Investor C C000008241 Institutional 0001323737 S000002988 BlackRock U.S.Mortgage Portfolio C000008217 Institutional Shares C000094139 Investor A Shares C000094140 Investor C Shares 0001324285 S000002718 BlackRock Long-Horizon Equity Fund C000007412 Investor A C000007414 Investor C C000007415 Institutional C000047292 Class R 0001398078 S000018351 BLACKROCK 80/20 TARGET ALLOCATION FUND C000050684 INSTITUTIONAL SHARES C000050685 INVESTOR A SHARES C000050686 INVESTOR C SHARES C000050687 R SHARES C000166010 Class K 0001398078 S000018352 BLACKROCK INFLATION PROTECTED BOND PORTFOLIO C000050688 CLASS K SHARES C000050689 INSTITUTIONAL SHARES C000050690 INVESTOR A SHARES C000050692 INVESTOR C SHARES C000050693 R SHARES C000050694 SERVICE SHARES 0001398078 S000018354 BLACKROCK U.S.GOVERNMENT BOND PORTFOLIO C000050702 INSTITUTIONAL SHARES C000050703 INVESTOR A SHARES C000050705 INVESTOR C SHARES C000050706 R SHARES C000050707 SERVICE SHARES C000100231 CLASS K SHARES C000100233 Investor C1 0001398078 S000018357 BLACKROCK MANAGED INCOME FUND C000050720 CLASS K SHARES C000050721 INSTITUTIONAL SHARES C000050722 INVESTOR A SHARES C000050723 R SHARES C000174022 INVESTOR C SHARES 0001398078 S000018358 BLACKROCK LOW DURATION BOND PORTFOLIO C000050724 R SHARES C000050725 SERVICE SHARES C000050726 A1 SHARES C000050729 CLASS K SHARES C000050731 C2 SHARES C000050732 INSTITUTIONAL SHARES C000050733 INVESTOR A SHARES C000050735 INVESTOR C SHARES C000100235 Investor C3 0001398078 S000018360 BLACKROCK 40/60 TARGET ALLOCATION FUND C000050742 INSTITUTIONAL SHARES C000050743 INVESTOR A SHARES C000050744 INVESTOR C SHARES C000050745 R SHARES C000166011 Class K 0001398078 S000018364 BLACKROCK LIFEPATH SMART BETA RETIREMENT FUND C000050760 K SHARES C000050761 INVESTOR A C000050762 R SHARES C000120980 INSTITUTIONAL SHARES 0001398078 S000018365 BLACKROCK LIFEPATH SMART BETA 2020 FUND C000050763 INVESTOR A SHARES C000050764 K SHARES C000050765 R SHARES C000120981 INSTITUTIONAL SHARES 0001398078 S000018366 BLACKROCK LIFEPATH SMART BETA 2025 FUND C000050766 K SHARES C000050767 INVESTOR A SHARES C000050768 R SHARES C000120982 INSTITUTIONAL SHARES 0001398078 S000018367 BLACKROCK LIFEPATH SMART BETA 2030 FUND C000050769 K SHARES C000050770 INVESTOR A SHARES C000050771 R SHARES C000120983 INSTITUTIONAL SHARES 0001398078 S000018368 BLACKROCK LIFEPATH SMART BETA 2035 FUND C000050772 K SHARES C000050773 INVESTOR A SHARES C000050774 R SHARES C000120984 INSTITUTIONAL SHARES 0001398078 S000018369 BLACKROCK LIFEPATH SMART BETA 2040 FUND C000050775 K SHARES C000050776 INVESTOR A SHARES C000050777 R SHARES C000120985 INSTITUTIONAL SHARES 0001398078 S000018370 BLACKROCK LIFEPATH SMART BETA 2045 FUND C000050778 K SHARES C000050779 INVESTOR A SHARES C000050780 R SHARES C000120986 INSTITUTIONAL SHARES 0001398078 S000018371 BLACKROCK LIFEPATH SMART BETA 2050 FUND C000050781 K SHARES C000050782 INVESTOR A SHARES C000050783 R SHARES C000120987 INSTITUTIONAL SHARES 0001398078 S000018373 BLACKROCK 20/80 TARGET ALLOCATION FUND C000050785 INSTITUTIONAL SHARES C000050786 INVESTOR A SHARES C000050787 INVESTOR C SHARES C000050788 R SHARES C000166012 Class K 0001398078 S000018375 BLACKROCK CORE BOND PORTFOLIO C000050796 CLASS K SHARES C000050797 INSTITUTIONAL SHARES C000050798 INVESTOR A SHARES C000050800 INVESTOR C SHARES C000050801 R SHARES C000050802 SERVICE SHARES 0001398078 S000018378 BLACKROCK GNMA PORTFOLIO C000050813 CLASS K SHARES C000050814 INSTITUTIONAL SHARES C000050815 INVESTOR A SHARES C000050817 INVESTOR C SHARES C000050818 R SHARES C000050819 SERVICE SHARES 0001398078 S000018380 BLACKROCK 60/40 TARGET ALLOCATION FUND C000050829 INSTITUTIONAL SHARES C000050830 INVESTOR A SHARES C000050831 INVESTOR C SHARES C000050832 R SHARES C000166013 Class K 0001398078 S000018381 BLACKROCK HIGH YIELD BOND PORTFOLIO C000050834 CLASS K SHARES C000050835 C1 SHARES C000050836 INSTITUTIONAL SHARES C000050837 INVESTOR A SHARES C000050839 INVESTOR C SHARES C000050840 R SHARES C000050841 SERVICE SHARES 0001398078 S000020790 BLACKROCK EMERGING MARKETS FLEXIBLE DYNAMIC BOND PORTFOLIO C000058053 CLASS K SHARES C000058054 INSTITUTIONAL SHARES C000058055 INVESTOR A SHARES C000058056 INVESTOR C SHARES 0001398078 S000020791 BLACKROCK GLOBAL DIVIDEND PORTFOLIO C000058057 INSTITUTIONAL SHARES C000058058 INVESTOR A SHARES C000058059 INVESTOR C SHARES C000172902 Class K 0001398078 S000020792 BLACKROCK MULTI-ASSET INCOME PORTFOLIO C000058060 INVESTOR C SHARES C000058061 INSTITUTIONAL SHARES C000058062 INVESTOR A SHARES C000182622 CLASS K SHARES 0001398078 S000020793 BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO C000058063 INSTITUTIONAL SHARES C000058064 INVESTOR A SHARES C000058065 INVESTOR C SHARES C000166006 Class K 0001398078 S000027975 BlackRock Credit Strategies Income Fund C000085039 Investor A C000085040 Investor C C000085041 Institutional C000173966 Class K Shares 0001398078 S000029307 BlackRock Floating Rate Income Portfolio C000090125 Investor A Shares C000090126 Investor C Shares C000090127 Institutional Shares C000093814 Investor C1 Shares C000166007 Class K 0001398078 S000039928 BLACKROCK LIFEPATH SMART BETA 2055 FUND C000123829 Investor A Shares C000123830 Institutional Shares C000123831 Class R Shares C000123832 Class K Shares 0001398078 S000047012 BlackRock Dynamic High Income Portfolio C000146951 Investor A C000146952 Investor C C000146953 Institutional C000166008 Class K 0001398078 S000057864 BLACKROCK LIFEPATH SMART BETA 2060 FUND C000187077 INVESTOR A SHARES C000187078 R SHARES C000187079 INSTITUTIONAL SHARES C000187080 K SHARES 0001398078 S000058041 BlackRock Emerging Markets Bond Fund C000189871 INSTITUTIONAL SHARES C000189872 CLASS K SHARES 0001398078 S000058042 BlackRock Emerging Markets Local Currency Bond Fund C000189873 INSTITUTIONAL SHARES C000189874 CLASS K SHARES 0001738079 S000062368 BlackRock U.S. Mortgage Portfolio C000202318 Investor A Shares C000202319 Investor C Shares C000202320 Institutional Shares 0001738080 S000062373 BlackRock CoreAlpha Bond Fund C000202336 Investor A Shares C000202337 Investor C Shares C000202338 Institutional Shares C000202339 Class K Shares 497 1 d535720d497.htm MULTI-REGISTRANT SUPPLEMENT MULTI-REGISTRANT SUPPLEMENT

BlackRock Advantage Global Fund, Inc.

BlackRock Advantage U.S. Total Market Fund, Inc.

BlackRock Asian Dragon 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 Emerging Markets Fund

BlackRock Advantage International Fund

BlackRock Advantage Large Cap Growth Fund

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 Energy & Resources Portfolio

BlackRock Global Long/Short Credit Fund

BlackRock Global Long/Short Equity Fund

BlackRock Health Sciences Opportunities Portfolio

BlackRock High Equity Income Fund

BlackRock Impact Bond Fund

BlackRock Impact U.S. Equity Fund

BlackRock International Dividend Fund

BlackRock Mid-Cap Growth Equity Portfolio

BlackRock Real Estate Securities Fund

BlackRock Short Obligations Fund

BlackRock Tactical Opportunities Fund

BlackRock Technology Opportunities Fund

BlackRock Total Emerging Markets Fund

BlackRock Total Factor Fund

iShares Developed Real Estate Index Fund

iShares Edge MSCI Min Vol EAFE Index Fund

iShares Edge MSCI Min Vol USA Index Fund

iShares Edge MSCI Multifactor Intl Index Fund

iShares Edge MSCI Multifactor USA Index Fund

iShares Edge MSCI USA Momentum Factor Index Fund

iShares Edge MSCI USA Quality Factor Index Fund

iShares Edge MSCI USA Size Factor Index Fund

iShares Edge MSCI USA Value Factor Index Fund

iShares MSCI Asia ex Japan Index Fund

iShares MSCI Developed World Index Fund

iShares Municipal Bond Index Fund

iShares Russell Mid-Cap Index Fund

iShares Russell Small/Mid-Cap Index Fund

iShares Short-Term TIPS Bond Index Fund

iShares Total U.S. Stock Market Index Fund

BlackRock Funds II

BlackRock 20/80 Target Allocation Fund

BlackRock 40/60 Target Allocation Fund

BlackRock 60/40 Target Allocation Fund

BlackRock 80/20 Target Allocation Fund

BlackRock Core Bond Portfolio

BlackRock Credit Strategies Income Fund

BlackRock Dynamic High Income Portfolio

BlackRock Emerging Markets Bond Fund

BlackRock Emerging Markets Flexible Dynamic Bond Portfolio

BlackRock Emerging Markets Local Currency Bond Fund

BlackRock Floating Rate Income Portfolio

BlackRock Global Dividend Portfolio

BlackRock GNMA Portfolio

BlackRock High Yield Bond Portfolio

BlackRock Inflation Protected Bond Portfolio

BlackRock LifePath® Smart Beta 2020 Fund

BlackRock LifePath® Smart Beta 2025 Fund

BlackRock LifePath® Smart Beta 2030 Fund

BlackRock LifePath® Smart Beta 2035 Fund

BlackRock LifePath® Smart Beta 2040 Fund

BlackRock LifePath® Smart Beta 2045 Fund

BlackRock LifePath® Smart Beta 2050 Fund

BlackRock LifePath® Smart Beta 2055 Fund

BlackRock LifePath® Smart Beta 2060 Fund

BlackRock LifePath® Smart Beta Retirement Fund

 


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 LifePath® Dynamic Retirement Fund

BlackRock LifePath® Dynamic 2020 Fund

BlackRock LifePath® Dynamic 2025 Fund

BlackRock LifePath® Dynamic 2030 Fund

BlackRock LifePath® Dynamic 2035 Fund

BlackRock LifePath® Dynamic 2040 Fund

BlackRock LifePath® Dynamic 2045 Fund

BlackRock LifePath® Dynamic 2050 Fund

BlackRock LifePath® Dynamic 2055 Fund

BlackRock LifePath® Dynamic 2060 Fund

BlackRock LifePath® Index Retirement Fund

BlackRock LifePath® Index 2020 Fund

BlackRock LifePath® Index 2025 Fund

BlackRock LifePath® Index 2030 Fund

BlackRock LifePath® Index 2035 Fund

BlackRock LifePath® Index 2040 Fund

BlackRock LifePath® Index 2045 Fund

BlackRock LifePath® Index 2050 Fund

BlackRock LifePath® Index 2055 Fund

BlackRock LifePath® Index 2060 Fund

iShares MSCI Total International Index Fund

iShares Russell 1000 Large-Cap Index Fund

iShares S&P 500 Index Fund

iShares U.S. Aggregate Bond Index Fund

BlackRock Funds VI

BlackRock CoreAlpha Bond Fund

BlackRock Global Allocation Fund, Inc.

BlackRock Index Funds, Inc.

iShares MSCI EAFE International Index Fund

iShares Russell 2000 Small-Cap Index Fund

BlackRock Large Cap Series Funds, Inc.

BlackRock Advantage Large Cap Core Fund

BlackRock Advantage Large Cap Value Fund

BlackRock Event Driven Equity Fund

BlackRock Large Cap Focus Growth Fund

BlackRock Latin America Fund, Inc.

BlackRock Long-Horizon Equity Fund

BlackRock Mid Cap Dividend Series, Inc.

BlackRock Mid Cap Dividend 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 Series, Inc.

BlackRock International Fund

BlackRock Strategic Global Bond Fund, Inc.

FDP Series, Inc.

FDP BlackRock Capital Appreciation Fund

FDP BlackRock CoreAlpha Bond Fund

FDP BlackRock Equity Dividend Fund

FDP BlackRock International Fund

Managed Account Series

BlackRock U.S. Mortgage Portfolio

Managed Account Series II

BlackRock U.S. Mortgage Portfolio

 

 

(each, a “Fund” and collectively, the “Funds”)

Supplement dated August 6, 2018 to the Statement of Additional Information (“SAI”) of each Fund


Effective immediately, each SAI is amended as follows:

The sections entitled “Rights of Accumulation” and “Letter of Intent” in the section entitled “Purchase of Shares—Reduced Initial Sales Charges” in Part II of each Fund’s SAI are deleted in their entirety and replaced with the following:

Rights of Accumulation. Investors have a “right of accumulation” under which the current value of an investor’s existing Investor A, Investor A1, Investor B, Investor C, Investor C1, Investor C2, Investor C3, Investor P, Institutional and Class K Shares in most BlackRock Funds and the investment in the BlackRock CollegeAdvantage 529 Program by the investor or by or on behalf of the investor’s spouse and children may be combined with the amount of the current purchase in determining whether an investor qualifies for a breakpoint and a reduced front-end sales charge. Financial intermediaries may value current holdings of their customers differently for purposes of determining whether an investor qualifies for a breakpoint and a reduced front-end sales charge, although customers of the same financial intermediary will be treated similarly. In order to use this right, the investor must alert BlackRock to the existence of any previously purchased shares. Certain Funds employ a “passive” management approach and attempt to match the performance of a target index as closely as possible before the deduction of Fund expenses (“Index Funds”). Although Investor A Shares of Index Funds generally are not subject to a sales charge, an investor’s existing Investor A, Investor A1, Investor C, Investor C1, Investor C2, Investor C3, Investor P, Institutional and Class K Shares in the Index Funds may be combined with the amount of an investor’s current purchase in determining whether an investor qualifies for a breakpoint and a reduced front-end sales charge.

Letter of Intent. An investor may qualify for a reduced front-end sales charge immediately by signing a “Letter of Intent” stating the investor’s intention to buy a specified amount of Investor A, Investor C, Investor P, Institutional and/or Class K Shares and/or make an investment through the BlackRock CollegeAdvantage 529 Program in one or more BlackRock Funds within the next 13 months that would, if bought all at once, qualify the investor for a reduced sales charge. The initial investment must meet the minimum initial purchase requirement. The 13-month Letter of Intent period commences on the day that the Letter of Intent is received by the Fund. The market value of current holdings in the BlackRock Funds (including Investor A, Investor B, Investor C, Investor P, Institutional and Class K Shares and the BlackRock CollegeAdvantage 529 Program Class A and Class C Units) as of the date of commencement that are eligible under the Right of Accumulation may be counted towards the sales charge reduction. The investor must notify the Fund of (i) any current holdings in the BlackRock Funds and/or the BlackRock CollegeAdvantage 529 Program that should be counted towards the sales charge reduction and (ii) any subsequent purchases that should be counted towards the Letter of Intent. During the term of the Letter of Intent, the Fund will hold Investor A Shares and/or Investor P Shares, as applicable, representing up to 5% of the indicated amount in an escrow account for payment of a higher sales load if the full amount indicated in the Letter of Intent is not purchased. If the full amount indicated is not purchased within the 13-month period, and the investor does not pay the higher sales load within 20 days, the Fund will redeem enough of the Investor A Shares and/or Investor P Shares, as applicable, held in escrow to pay the difference.

The first paragraph of the section entitled “Purchase of Shares—Reduced Initial Sales Charges—Other” in Part II of each Fund’s SAI is deleted in its entirety and replaced with the following:

Other. The following persons may also buy Investor A or Investor P Shares without paying a sales charge: (a) certain employer-sponsored retirement plans (for purposes of this waiver, employer-sponsored retirement plans do not include SEP IRAs, SIMPLE IRAs or SARSEPs); (b) rollovers of current investments through certain employer-sponsored retirement plans provided the shares are transferred to the same BlackRock Fund as either a direct rollover, or subsequent to distribution, the rolled-over proceeds are contributed to a BlackRock IRA through an account directly with the Fund; or purchases by IRA programs that are sponsored by financial intermediary firms provided the financial intermediary firm has entered into a Class A or Investor P Net Asset Value agreement, as applicable, with respect to such program with the Distributor; (c) insurance company separate accounts; (d) registered investment advisers, trust companies and bank trust departments exercising discretionary investment authority with respect to amounts to be invested in a Fund; (e) persons participating in a fee-based program (such as a wrap account) under which they pay advisory fees to a broker-dealer or other


financial institution; (f) financial intermediaries who have entered into an agreement with the Distributor and have been approved by the Distributor to offer Fund shares to self-directed investment brokerage accounts that may or may not charge a transaction fee; (g) state sponsored 529 college savings plans; and (h) persons involuntarily liquidated from a Fund, who within 60 days of liquidation buy new shares of another BlackRock Fund (but only up to the amount that was liquidated). The following persons associated with the Funds, the Fund’s Manager, Sub-Advisers, Transfer Agent, Distributor, fund accounting agents, Barclays PLC and their affiliates may buy Investor A or Investor P Shares of each of the Funds without paying a sales charge to the extent permitted by these firms including: (a) officers, directors and partners; (b) employees and retirees; (c) employees or registered representatives of firms who have entered into selling agreements to distribute shares of BlackRock-advised funds; (d) immediate family members of such persons (“immediate family members” shall be defined as the investor, the investor’s spouse or domestic partner, children, parents and siblings); and (e) any trust, pension, profit-sharing or other benefit plan for any of the persons set forth in (a) through (d). Investors who qualify for any of these exemptions from the sales charge should purchase Investor A or Investor P Shares. In addition, a sales charge waiver may be available for investors exchanging Investor A Shares of one BlackRock Fund for Investor P Shares of another BlackRock Fund, or exchanging Investor P Shares of one BlackRock Fund for Investor A Shares of another BlackRock Fund, through an intermediary-processed exchange, provided that the investor had previously paid a sales charge with respect to such shares. The availability of Investor A or Investor P Shares sales charge waivers may depend upon the policies, procedures and trading platforms of your financial intermediary; consult your financial adviser.

Shareholders should retain this Supplement for future reference.

SAI-AI-0818SUP