BlackRock Basic Value Fund, Inc.
BlackRock Bond Fund, Inc.
BlackRock Total Return Fund
BlackRock FundsSM
BlackRock Developed Real Estate Index Fund
BlackRock Emerging Markets Equity Strategies Fund
BlackRock Midcap Index Fund
BlackRock MSCI Asia ex Japan Index Fund
BlackRock MSCI World Index Fund
BlackRock Short Obligations Fund
BlackRock Short-Term Inflation-Protected Securities Index Fund
BlackRock Small/Mid Cap Index Fund
BlackRock Total Stock Market Index Fund
BlackRock Funds II
BlackRock Core Bond Portfolio
BlackRock Emerging Markets Flexible Dynamic Bond Portfolio
BlackRock GNMA Portfolio
BlackRock High Yield Bond Portfolio
BlackRock Inflation Protected Bond Portfolio
BlackRock Investment Grade Bond Portfolio
BlackRock LifePath® Active Retirement Fund
BlackRock LifePath® Active 2020 Fund
BlackRock LifePath® Active 2025 Fund
BlackRock LifePath® Active 2030 Fund
BlackRock LifePath® Active 2035 Fund
BlackRock LifePath® Active 2040 Fund
BlackRock LifePath® Active 2045 Fund
BlackRock LifePath® Active 2050 Fund
BlackRock LifePath® Active 2055 Fund
BlackRock Low Duration Bond Portfolio
BlackRock U.S. Government Bond Portfolio
BlackRock Funds III
BlackRock Disciplined International Fund
BlackRock Large Cap Index 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
BlackRock LifePath® Retirement Fund
BlackRock LifePath® 2020 Fund
BlackRock LifePath® 2025 Fund
BlackRock LifePath® 2030 Fund
BlackRock LifePath® 2035 Fund
BlackRock LifePath® 2040 Fund
BlackRock LifePath® 2045 Fund
BlackRock LifePath® 2050 Fund
BlackRock LifePath® 2055 Fund
BlackRock S&P 500 Index Fund
BlackRock Total International ex U.S. Index Fund
BlackRock U.S. Total Bond Index Fund
BlackRock Index Funds, Inc.
BlackRock International Index Fund
BlackRock Small Cap Index Fund
BlackRock Municipal Bond Fund, Inc.
BlackRock Short-Term Municipal Fund
BlackRock Strategic Global Bond Fund, Inc.
(each, a Fund and collectively, the Funds)
Supplement dated March 25, 2016
to the Statement of Additional Information of each Fund
Effective immediately, Part II of each Funds Statement of Additional Information is amended as follows:
The following is added to the section entitled Purchase of SharesClass K Shares in Part II of each Funds Statement of Additional Information:
Class K Shares of the Fund are also available to employees, officers and directors/trustees of BlackRock, Inc. and BlackRock Funds and immediate family members of such persons, if they open an account directly with BlackRock. Eligible individuals who would like to convert existing holdings to Class K Shares must contact BlackRock.
Shareholders should retain this Supplement for future reference.
2