0001193125-17-315625.txt : 20171023 0001193125-17-315625.hdr.sgml : 20171023 20171020184634 ACCESSION NUMBER: 0001193125-17-315625 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20171023 DATE AS OF CHANGE: 20171020 EFFECTIVENESS DATE: 20171023 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: 171147865 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 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: 171147867 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 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: 171147873 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 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: 171147874 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 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: 171147871 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 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: 171147872 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 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: 171147875 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 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: 171147869 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 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: 171147870 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: 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: 171147866 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 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: 171147868 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 0000216557 S000002321 BLACKROCK BASIC VALUE FUND, INC. C000152172 Class K Shares 0000225635 S000002334 BlackRock National Municipal Fund C000100250 Class K 0000225635 S000002335 BlackRock Short-Term Municipal Fund C000038035 Class K Shares 0000276463 S000004071 BlackRock Total Return Fund C000052631 Class K Shares 0000814507 S000002243 BLACKROCK EQUITY DIVIDEND FUND C000166015 Class K 0000834237 S000002245 BLACKROCK GLOBAL ALLOCATION FUND, INC. C000172904 Class K 0000835620 S000002866 BlackRock Strategic Global Bond Fund, Inc. C000162768 Class K 0000844779 S000001505 BLACKROCK MID CAP GROWTH EQUITY PORTFOLIO C000166016 Class K 0000844779 S000001870 BLACKROCK TACTICAL OPPORTUNITIES FUND C000173964 Class K Shares 0000844779 S000001877 BLACKROCK HEALTH SCIENCES OPPORTUNITIES PORTFOLIO C000172900 Class K 0000844779 S000033600 BlackRock Global Long/Short Credit Fund C000166018 Class K 0000844779 S000038550 BlackRock Short Obligations Fund C000119004 Class K Shares 0000844779 S000039460 BlackRock Global Long/Short Equity Fund C000166017 Class K 0000844779 S000039515 BlackRock Total Factor Fund C000177759 Class K 0000844779 S000039982 BlackRock Advantage Small Cap Core Fund C000166014 Class K BDSKX 0000844779 S000049319 iShares Russell Mid-Cap Index Fund C000155941 Class K 0000844779 S000049320 iShares MSCI Asia ex Japan Index Fund C000163605 Class K 0000844779 S000049321 iShares MSCI Developed World Index Fund C000163603 Class K 0000844779 S000050371 iShares Developed Real Estate Index Fund C000159047 Class K 0000844779 S000050372 iShares Total U.S. Stock Market Index Fund C000159050 Class K 0000844779 S000050373 iShares Russell Small/Mid-Cap Index Fund C000159053 Class K 0000844779 S000051092 BlackRock Impact U.S. Equity Fund C000166019 Class K 0000844779 S000052837 iShares Short-Term TIPS Bond Index Fund C000166150 Class K 0000844779 S000052876 BlackRock Emerging Markets Equity Strategies Fund C000166356 Class K 0000844779 S000054534 iShares Edge MSCI Multifactor USA Index Fund C000171194 Class K 0000844779 S000054535 iShares Edge MSCI Multifactor Intl Index Fund C000171198 Class K 0000844779 S000054536 iShares Edge MSCI Min Vol USA Index Fund C000171201 Class K 0000844779 S000054537 iShares Edge MSCI Min Vol EAFE Index Fund C000171206 Class K 0000844779 S000054980 BlackRock Impact Bond Fund C000172939 Class K 0000844779 S000055930 iShares Edge MSCI USA Momentum Factor Index Fund C000176140 Class K 0000844779 S000055931 iShares Edge MSCI USA Quality Factor Index Fund C000176142 Class K 0000844779 S000055932 iShares Edge MSCI USA Size Factor Index Fund C000176144 Class K 0000844779 S000055933 iShares Edge MSCI USA Value Factor Index Fund C000176146 Class K 0000887509 S000002520 BLACKROCK CAPITAL APPRECIATION FUND, INC. C000088417 Class K 0000893818 S000004270 iShares U.S. Aggregate Bond Index Fund C000011974 Class K Shares WFBIX 0000893818 S000004272 iShares S&P 500 Index Fund C000011979 Class K Shares WFSPX 0000893818 S000004277 BlackRock LifePath Dynamic 2020 Fund C000051480 Class K LPSCX 0000893818 S000004278 BlackRock LifePath Dynamic 2030 Fund C000051481 Class K LPSDX 0000893818 S000004279 BlackRock LifePath Dynamic 2040 Fund C000051482 Class K LPSFX 0000893818 S000004280 BlackRock LifePath Dynamic Retirement Fund C000051483 Class K LPSAX 0000893818 S000022024 BlackRock Lifepath Dynamic 2050 Fund C000063262 Class K LPSGX 0000893818 S000026183 BlackRock CoreAlpha Bond Fund C000166009 Class K 0000893818 S000029259 BlackRock LifePath Dynamic 2025 Fund C000089950 Class K Shares LPBKX 0000893818 S000029260 BlackRock LifePath Dynamic 2035 Fund C000089956 Class K Shares LPJKX 0000893818 S000029261 BlackRock LifePath Dynamic 2045 Fund C000089960 Class K Shares LPHKX 0000893818 S000029262 BlackRock LifePath Dynamic 2055 Fund C000089965 Class K Shares LPVKX 0000893818 S000031723 iShares Russell 1000 Large-Cap Index Fund C000098725 Class K shares 0000893818 S000032775 BLACKROCK LIFEPATH INDEX RETIREMENT FUND C000101136 Class K Shares 0000893818 S000032776 BLACKROCK LIFEPATH INDEX 2020 FUND C000101139 Class K Shares 0000893818 S000032777 BLACKROCK LIFEPATH INDEX 2025 FUND C000101142 Class K Shares 0000893818 S000032778 BLACKROCK LIFEPATH INDEX 2030 FUND C000101145 Class K Shares 0000893818 S000032779 BLACKROCK LIFEPATH INDEX 2035 FUND C000101148 Class K Shares 0000893818 S000032780 BLACKROCK LIFEPATH INDEX 2040 FUND C000101151 Class K Shares 0000893818 S000032781 BLACKROCK LIFEPATH INDEX 2045 FUND C000101154 Class K Shares 0000893818 S000032782 BLACKROCK LIFEPATH INDEX 2050 FUND C000101157 Class K Shares 0000893818 S000032783 BLACKROCK LIFEPATH INDEX 2055 FUND C000101160 Class K Shares 0000893818 S000033188 iShares MSCI Total International Index Fund C000102142 Class K shares 0000893818 S000052849 BlackRock LifePath Index 2060 Fund C000166219 Class K 0000893818 S000057862 BlackRock LifePath Dynamic 2060 Fund C000187072 Class K Shares 0001026144 S000003116 iShares MSCI EAFE International Index Fund C000099168 Class K 0001026144 S000003118 iShares Russell 2000 Small-Cap Index Fund C000099169 Class K 0001398078 S000018351 BLACKROCK 80/20 TARGET ALLOCATION FUND C000166010 Class K 0001398078 S000018352 BLACKROCK INFLATION PROTECTED BOND PORTFOLIO C000050688 CLASS K SHARES 0001398078 S000018357 BLACKROCK MANAGED INCOME FUND C000050720 CLASS K SHARES 0001398078 S000018358 BLACKROCK LOW DURATION BOND PORTFOLIO C000050729 CLASS K SHARES 0001398078 S000018360 BLACKROCK 40/60 TARGET ALLOCATION FUND C000166011 Class K 0001398078 S000018364 BLACKROCK LIFEPATH SMART BETA RETIREMENT FUND C000050760 K SHARES 0001398078 S000018365 BLACKROCK LIFEPATH SMART BETA 2020 FUND C000050764 K SHARES 0001398078 S000018366 BLACKROCK LIFEPATH SMART BETA 2025 FUND C000050766 K SHARES 0001398078 S000018367 BLACKROCK LIFEPATH SMART BETA 2030 FUND C000050769 K SHARES 0001398078 S000018368 BLACKROCK LIFEPATH SMART BETA 2035 FUND C000050772 K SHARES 0001398078 S000018369 BLACKROCK LIFEPATH SMART BETA 2040 FUND C000050775 K SHARES 0001398078 S000018370 BLACKROCK LIFEPATH SMART BETA 2045 FUND C000050778 K SHARES 0001398078 S000018371 BLACKROCK LIFEPATH SMART BETA 2050 FUND C000050781 K SHARES 0001398078 S000018373 BLACKROCK 20/80 TARGET ALLOCATION FUND C000166012 Class K 0001398078 S000018375 BLACKROCK CORE BOND PORTFOLIO C000050796 CLASS K SHARES 0001398078 S000018378 BLACKROCK GNMA PORTFOLIO C000050813 CLASS K SHARES 0001398078 S000018380 BLACKROCK 60/40 TARGET ALLOCATION FUND C000166013 Class K 0001398078 S000018381 BLACKROCK HIGH YIELD BOND PORTFOLIO C000050834 CLASS K SHARES 0001398078 S000020790 BLACKROCK EMERGING MARKETS FLEXIBLE DYNAMIC BOND PORTFOLIO C000058053 CLASS K SHARES 0001398078 S000020791 BLACKROCK GLOBAL DIVIDEND PORTFOLIO C000172902 Class K 0001398078 S000020792 BLACKROCK MULTI-ASSET INCOME PORTFOLIO C000182622 CLASS K SHARES 0001398078 S000020793 BLACKROCK STRATEGIC INCOME OPPORTUNITIES PORTFOLIO C000166006 Class K 0001398078 S000027975 BlackRock Credit Strategies Income Fund C000173966 Class K Shares 0001398078 S000029307 BlackRock Floating Rate Income Portfolio C000166007 Class K 0001398078 S000039928 BLACKROCK LIFEPATH SMART BETA 2055 FUND C000123832 Class K Shares 0001398078 S000047012 BlackRock Dynamic High Income Portfolio C000166008 Class K 0001398078 S000057864 BLACKROCK LIFEPATH SMART BETA 2060 FUND C000187080 K SHARES 0001398078 S000058041 BlackRock Emerging Markets Bond Fund C000189872 CLASS K SHARES 0001398078 S000058042 BlackRock Emerging Markets Local Currency Bond Fund C000189874 CLASS K SHARES 497 1 d478425d497.htm BR MULTI REGISTRANT CLASS K (SAI SUPPLEMENT) BR Multi Registrant Class K (SAI Supplement)

BlackRock Basic Value Fund, Inc.

BlackRock Bond Fund, Inc.

BlackRock Total Return Fund

BlackRock Capital Appreciation Fund, Inc.

BlackRock Equity Dividend Fund

BlackRock FundsSM

BlackRock Advantage Small Cap Core Fund

BlackRock Emerging Markets Equity Strategies Fund

BlackRock Global Long/Short Credit Fund

BlackRock Global Long/Short Equity Fund

BlackRock Health Sciences Opportunities Portfolio

BlackRock Impact Bond Fund

BlackRock Impact U.S. Equity Fund

BlackRock Mid-Cap Growth Equity Portfolio

BlackRock Short Obligations Fund

BlackRock Tactical Opportunities 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 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 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 Global Allocation Fund, Inc.

BlackRock Index Funds, Inc.

iShares MSCI EAFE International Index Fund

iShares Russell 2000 Small-Cap Index Fund

BlackRock Municipal Bond Fund, Inc.

BlackRock National Municipal Fund

BlackRock Short-Term Municipal Fund

BlackRock Strategic Global Bond Fund, Inc.

 

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

Supplement dated October 20, 2017 to the Statement of Additional Information (“SAI”) of each Fund

Effective immediately, each SAI is amended as follows:

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

Class K Shares of the Fund are available only to (i) certain employee benefit plans, such as health savings accounts, and certain employer-sponsored retirement plans (not including SEP IRAs, SIMPLE IRAs and SARSEPs) (collectively, “Employer-Sponsored Retirement Plans”), (ii) collective trust funds, investment companies and other pooled investment vehicles, each of which may purchase shares of the Fund through a financial intermediary that has entered into an agreement with the Fund’s Distributor to purchase such shares, (iii) “Institutional Investors,” which include but are not limited to, endowments, foundations, family offices, banks and bank trusts, local, city, and state governmental institutions, corporations and insurance company separate accounts, each of which may purchase shares of the Fund through a financial intermediary that has entered into an agreement with the Fund’s Distributor to purchase such shares, (iv) fee-based advisory platforms of a Financial Intermediary that (a) has specifically acknowledged in a written agreement with the Fund’s Distributor and/or its affiliate(s) that the Financial Intermediary shall offer such shares to fee-based advisory clients through an omnibus account held at the Fund or (b) transacts in the Fund’s shares through another intermediary that has executed such an agreement and (v) any other investors who met the eligibility criteria for BlackRock Shares or Class K Shares prior to August 15, 2016 and have continually held Class K Shares of the Fund in the same account since August 15, 2016. The agreement referenced in (iv) above shall appear in a supplemental agreement to any selling, sub-transfer agent, or distribution and marketing agreement.

Shareholders should retain this Supplement for future reference.

SAI-MULTI-K-1017SUP

 

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