0001193125-21-274444.txt : 20210916 0001193125-21-274444.hdr.sgml : 20210916 20210915214609 ACCESSION NUMBER: 0001193125-21-274444 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210916 DATE AS OF CHANGE: 20210915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK ALLOCATION TARGET SHARES CENTRAL INDEX KEY: 0001221845 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-21457 FILM NUMBER: 211256828 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 BOND ALLOCATION TARGET SHARES DATE OF NAME CHANGE: 20030306 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: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-02857 FILM NUMBER: 211256839 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 Strategic Global Bond Fund, Inc. CENTRAL INDEX KEY: 0000835620 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05603 FILM NUMBER: 211256829 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 FUNDS CENTRAL INDEX KEY: 0000844779 IRS NUMBER: 510318674 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05742 FILM NUMBER: 211256834 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 Funds VI CENTRAL INDEX KEY: 0001738080 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-23344 FILM NUMBER: 211256837 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: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-21759 FILM NUMBER: 211256830 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: BlackRock Funds IV CENTRAL INDEX KEY: 0001738074 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-23341 FILM NUMBER: 211256835 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: Master Investment Portfolio II CENTRAL INDEX KEY: 0001738077 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-23343 FILM NUMBER: 211256836 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 V CENTRAL INDEX KEY: 0001738078 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-23339 FILM NUMBER: 211256831 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: Managed Account Series II CENTRAL INDEX KEY: 0001738079 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-23340 FILM NUMBER: 211256838 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 BALANCED CAPITAL FUND, INC. CENTRAL INDEX KEY: 0000110055 IRS NUMBER: 132757134 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-02405 FILM NUMBER: 211256832 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: MASTER BOND LLC CENTRAL INDEX KEY: 0001264926 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-21434 FILM NUMBER: 211256833 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: MASTER BOND TRUST DATE OF NAME CHANGE: 20030926 0000110055 S000002175 BLACKROCK BALANCED CAPITAL FUND, INC. C000005578 Investor A C000005580 Investor C C000005581 Institutional C000005582 Class R C000199764 Class K 0000276463 S000004071 BlackRock Total Return Fund C000011387 Investor A C000011390 Institutional C000011391 Class R C000037618 Investor A1 C000037620 Investor C C000052630 Service C000052631 Class K Shares 0000835620 S000002866 BlackRock Strategic Global Bond Fund, Inc. C000007879 Investor A C000007881 Investor C1 C000007882 Institutional C000038980 Investor C C000162768 Class K 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 0001221845 S000001469 BATS SERIES C C000003891 BATS SERIES C BRACX 0001221845 S000001470 BATS SERIES M C000003892 BATS SERIES M BRAMX 0001221845 S000001471 BATS SERIES S C000003893 BATS SERIES S BRASX 0001264926 S000004067 Master Total Return Portfolio C000011383 Master Total Return Portfolio 0001324285 S000002718 BlackRock Long-Horizon Equity Fund C000007412 Investor A C000007414 Investor C C000007415 Institutional C000047292 Class R 0001738074 S000062370 BlackRock Global Long/Short Credit Fund C000202324 Investor A Shares C000202325 Investor C Shares C000202326 Institutional Shares C000202327 Class K Shares 0001738077 S000062381 CoreAlpha Bond Master Portfolio C000202350 CoreAlpha Bond Master Portfolio 0001738078 S000062357 BlackRock Emerging Markets Flexible Dynamic Bond Portfolio C000202260 Investor A Shares C000202261 Investor C Shares C000202262 Institutional Shares C000202263 Class K Shares 0001738078 S000062358 BlackRock Strategic Income Opportunities Portfolio C000202264 Investor A Shares C000202265 Investor C Shares C000202266 Institutional Shares C000202267 Class K Shares 0001738078 S000062361 BlackRock Low Duration Bond Portfolio C000202280 Investor A Shares C000202281 Investor C Shares C000202282 Institutional Shares C000202283 Class R Shares C000202284 Class K Shares C000202285 Service Shares C000202286 Investor A1 Shares 0001738078 S000062362 BlackRock Core Bond Portfolio C000202289 Investor A Shares C000202290 Investor C Shares C000202291 Institutional Shares C000202292 Class R Shares C000202293 Class K Shares C000202294 Service Shares 0001738078 S000062363 BlackRock GNMA Portfolio C000202295 Investor A Shares C000202296 Investor C Shares C000202297 Institutional Shares C000202298 Class K Shares C000202299 Service Shares C000202300 Class R Shares 0001738078 S000062365 BlackRock Inflation Protected Bond Portfolio C000202308 Investor A Shares C000202309 Investor C Shares C000202310 Institutional Shares C000202311 Class K Shares C000202312 Service Shares C000202313 Class R 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 DEFA14A 1 d196151ddefa14a.htm BLACKROCK MULTI FUND PROXY BLACKROCK MULTI FUND PROXY

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

 Check the appropriate box:

 ☐     Preliminary Proxy Statement

 ☐     Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

 ☐     Definitive Proxy Statement

 ☒     Definitive Additional Materials

 ☐     Soliciting Material Pursuant to § 240.14a-12

BlackRock Allocation Target Shares

BlackRock Balanced Capital Fund, Inc.

BlackRock Bond Fund, Inc.

BlackRock FundsSM

BlackRock Funds IV

BlackRock Funds V

BlackRock Funds VI

BlackRock Long-Horizon Equity Fund

BlackRock Strategic Global Bond Fund, Inc.

Managed Account Series II

Master Bond LLC

Master Investment Portfolio II

 

 

(Name of Registrant as Specified In Its Charter)

 

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

 

   

  

☒

   

No fee required.

 

☐

   

Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

    

(1)

   

Title of each class of securities to which transaction applies:

       

        

    

(2)

   

Aggregate number of securities to which transaction applies:

       

        

     (3)   Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
       

         

   

     

(4)

   

Proposed maximum aggregate value of transaction:

       

         

    

(5)

   

Total fee paid:

       

         

 

☐

   

Fee paid previously with preliminary materials.

  ☐  Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
    

(1)

   

Amount Previously Paid:

       

         

    

(2)

   

Form, Schedule or Registration Statement No.:

       

         

    

(3)

   

Filing Party:

       

         

    

(4)

   

Date Filed:

    

  BlackRock

  Upcoming Proxies

FOR HOME OFFICE USE AND FINANCIAL PROFESSIONAL USE ONLY

Dear XX:

On September 14th, 2021, BlackRock filed proxy statements to update the fundamental investment restrictions of 17 mutual funds and two corresponding master funds (the “Funds”). The 1940 Act requires registered investment companies, including the Funds, to have specific investment policies (or restrictions) that can only be changed by the approval of shareholders. Some fundamental policies were adopted in the past by the Funds to reflect certain regulatory, business or industry conditions which are no longer in effect. In addition, certain of the policies of the Funds that remain required by law are more restrictive than the law requires. As a result, many of the current restrictions unnecessarily limit the investment strategies available to BlackRock in managing the assets of the Funds.

 

  ●  

The proposed updates are contingent upon shareholder approval

 

  ●  

Unless otherwise disclosed in the proxy statements, each Fund will continue to be managed pursuant to its current investment guidelines and Fund management does not anticipate making material changes to the principal investment strategies

 

  ●  

If the proposals are approved by shareholders, they are expected to become effective sometime in Q4 2021

 

  ●  

The Boards believe the applicable proposals are in the best interests of the relevant Fund and recommend that shareholders vote, or submit voting instructions, “FOR” each of the proposals with respect to shareholders’ Fund(s), as applicable

 

  ●  

Shareholders may cast their votes by phone, internet or mail or by participating in the Meeting. To vote by mail, shareholders should mark their votes on the enclosed proxy card or voting instruction form and sign, date and return the card/form in the postage-paid envelope provided. To vote by telephone or over the internet, shareholders should call the toll-free telephone number listed on the form(s) or go to the website address listed on the form(s) and follow the instructions. Shareholders may attend and participate in the meeting at https://meetnow.global/MJLQLHV by entering the control number found in the shaded box in their proxy cards on the date and timing of the Meeting. Beneficial shareholders will not be able to vote at the virtual Meeting unless they have registered in advance to attend the meeting. Please instruct beneficial shareholders to review the instructions provided in the proxy statement for details on how to register. If shareholders do not vote using one of these methods, they may be called by the funds’ proxy solicitor, Computershare Fund Services, to vote their shares

Below is an overview of the Funds in scope:

 

   Retail Funds

    Ticker

BATS: Series C Portfolio, a series of BlackRock Allocation Target Shares*

   

BATAX

BATS: Series M Portfolio, a series of BlackRock Allocation Target Shares*

   

BRAMX

BATS: Series S Portfolio, a series of BlackRock Allocation Target Shares*

   

BRASX

BlackRock Total Return Fund, a series of BlackRock Bond Fund, Inc.

   

MAHQX

BlackRock Tactical Opportunities Fund, a series of BlackRock FundsSM

   

PBAIX

BlackRock Global Long/Short Credit Fund, a series of BlackRock Funds IV

   

BGCIX

BlackRock Core Bond Portfolio, a series of BlackRock Funds V

   

BFMCX

BlackRock Emerging Markets Flexible Dynamic Bond Portfolio, a series of BlackRock Funds V

   

BEDIX

BlackRock GNMA Portfolio, a series of BlackRock Funds V

   

BGNIX

BlackRock Inflation Protected Bond Portfolio, a series of BlackRock Funds V

   

BPRIX

BlackRock Low Duration Bond Portfolio, a series of BlackRock Funds V

   

BFMSX

BlackRock Strategic Income Opportunities Portfolio a series of BlackRock Funds V

   

BSIIX

BlackRock CoreAlpha Bond Fund, a series of BlackRock Funds VI

   

BCRIX

BlackRock Long-Horizon Equity Fund

   

MAEGX

BlackRock Strategic Global Bond Fund, Inc.

   

MAWIX

BlackRock U.S. Mortgage Portfolio, a series of Managed Account Series II

   

MSUMX

BlackRock Balanced Capital Fund**

   

MACPX

   Master Funds

   

Master Total Return Portfolio, a series of Master Bond LLC

   

AGTRT

CoreAlpha Bond Master Portfolio, a series of Master Investment Portfolio II

   

LPCAA

   V.I. Fund

   

BlackRock Total Return V.I. Fund, a series of BlackRock Variable Series Funds II, Inc.

   

CRBDI

*Included in the proxy statement are three Funds that are available as an investment option for certain “wrap-fee” programs or other separately managed account clients for which BlackRock Investment Management, LLC or certain of its affiliates receives compensation pursuant to an investment management agreement Retail shareholders will not be asked to vote on these Funds.

**Shareholders of the Balanced Capital Fund (“Bal Cap”) are not being asked to approve any amendments to the Fund’s fundamental investment restrictions. Since Bal Cap invests a significant portion of its fixed-income assets in Master Total Return, shareholders of Bal Cap are being asked to provide voting instructions with the respect to the proposals for Master Total Return Portfolio.

Attached are the filed proxy statements. Proxy solicitation will begin mid-September and the first shareholder meeting is expected to be October 26th, 2021. Contingent upon shareholder approval, BlackRock expects the proposed changes to the fundamental investment policies to be effective in Q4 2021.

Regards,

XX

Important Risks of the Funds: Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions. International investing involves special risks including, but not limited to currency fluctuations, illiquidity and volatility. These risks may be heightened for investments in emerging markets. Investments in emerging markets may be considered speculative and are more likely to experience hyperinflation and currency devaluations, which adversely affect returns. In addition, many emerging securities markets have lower trading volumes and less liquidity. Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility. A fund concentrating in a single region is subject to a greater risk of adverse economic conditions and regulatory changes.

Carefully consider each Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds’ prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus carefully before investing.

BLACKROCK is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners. Prepared by BlackRock Investments, LLC, member FINRA.

©2021 BlackRock, Inc. All Rights Reserved.

For Home Office and Financial Professional Use Only. Not to be Shown or Distributed to Clients.