BlackRock Allocation Target Shares | BlackRock Funds II |
Series C Portfolio | BlackRock Aggressive Growth Prepared Portfolio |
Series E Portfolio | BlackRock Conservative Prepared Portfolio |
Series M Portfolio | BlackRock Core Bond Portfolio |
Series P Portfolio | BlackRock Emerging Markets Flexible Dynamic |
Series S Portfolio | Bond Portfolio |
BlackRock Floating Rate Income Portfolio | |
BlackRock Balanced Capital Fund, Inc. | BlackRock Global Dividend Portfolio |
BlackRock GNMA Portfolio | |
BlackRock Basic Value Fund, Inc. | BlackRock Growth Prepared Portfolio |
BlackRock High Yield Bond Portfolio | |
BlackRock Bond Fund, Inc. | BlackRock Inflation Protected Bond Portfolio |
BlackRock Total Return Fund | BlackRock Investment Grade Bond Portfolio |
BlackRock Low Duration Bond Portfolio | |
BlackRock California Municipal Series Trust | BlackRock Moderate Prepared Portfolio |
BlackRock California Municipal Bond Fund | BlackRock Multi-Asset Income Portfolio |
BlackRock Secured Credit Portfolio | |
BlackRock Capital Appreciation Fund, Inc. | BlackRock Strategic Income Opportunities Portfolio |
BlackRock U.S. Government Bond Portfolio | |
BlackRock CoRI Funds | LifePath® Active 2015 Portfolio |
BlackRock CoRI 2015 Fund | LifePath® Active 2020 Portfolio |
BlackRock CoRI 2017 Fund | LifePath® Active 2025 Portfolio |
BlackRock CoRI 2019 Fund | LifePath® Active 2030 Portfolio |
BlackRock CoRI 2021 Fund | LifePath® Active 2035 Portfolio |
BlackRock CoRI 2023 Fund | LifePath® Active 2040 Portfolio |
LifePath® Active 2045 Portfolio | |
BlackRock Emerging Markets Fund, Inc. | LifePath® Active 2050 Portfolio |
LifePath® Active 2055 Portfolio | |
BlackRock Equity Dividend Fund | |
BlackRock Funds III | |
BlackRock EuroFund | BlackRock ACWI ex-US Index Fund |
BlackRock Bond Index Fund | |
BlackRock Focus Growth Fund, Inc. | BlackRock CoreAlpha Bond Fund |
BlackRock Russell 1000® Index Fund | |
BlackRock FundsSM | BlackRock S&P 500 Stock Fund |
BlackRock All-Cap Energy & Resources Portfolio | LifePath® Retirement Portfolio |
BlackRock Commodity Strategies Fund | LifePath 2020 Portfolio® |
BlackRock Emerging Market Allocation Portfolio | LifePath® 2025 Portfolio |
BlackRock Emerging Markets Dividend Fund | LifePath 2030 Portfolio® |
BlackRock Emerging Markets Long/Short | LifePath® 2035 Portfolio |
Equity Fund | LifePath 2040 Portfolio® |
BlackRock Energy & Resources Portfolio | LifePath® 2045 Portfolio |
BlackRock Exchange Portfolio | LifePath® 2050 Portfolio |
BlackRock Flexible Equity Fund | LifePath® 2055 Portfolio |
BlackRock Global Long/Short Credit Fund | LifePath® Index Retirement Portfolio |
BlackRock Global Long/Short Equity Fund | LifePath® Index 2020 Portfolio |
BlackRock Global Opportunities Portfolio | LifePath® Index 2025 Portfolio |
BlackRock Health Sciences Opportunities Portfolio | LifePath® Index 2030 Portfolio |
BlackRock International Opportunities Portfolio | LifePath® Index 2035 Portfolio |
BlackRock Managed Volatility Portfolio | LifePath® Index 2040 Portfolio |
BlackRock Mid-Cap Growth Equity Portfolio | LifePath® Index 2045 Portfolio |
BlackRock Multi-Asset Real Return Fund | LifePath® Index 2050 Portfolio |
BlackRock Multi-Manager Alternative Strategies Fund | LifePath® Index 2055 Portfolio |
BlackRock Real Estate Securities Fund | |
BlackRock Science & Technology | |
Opportunities Portfolio | |
BlackRock Small Cap Growth Equity Portfolio | |
BlackRock Strategic Risk Allocation Fund | |
BlackRock U.S. Opportunities Portfolio | |
BlackRock Global Allocation Fund, Inc. | BlackRock Large Cap Core Portfolio |
BlackRock Money Market Portfolio | |
BlackRock Global SmallCap Fund, Inc. | BlackRock Total Return Portfolio |
BlackRock U.S. Government Bond Portfolio | |
BlackRock Index Funds, Inc. | |
BlackRock International Index Fund | BlackRock Series, Inc. |
BlackRock Small Cap Index Fund | BlackRock International Fund |
BlackRock Large Cap Series Funds, Inc. | BlackRock Value Opportunities Fund, Inc. |
BlackRock Large Cap Core Fund | |
BlackRock Large Cap Core Plus Fund | BlackRock Variable Series Funds, Inc. |
BlackRock Large Cap Growth Fund | BlackRock Basic Value V.I. Fund |
BlackRock Large Cap Value Fund | BlackRock Capital Appreciation V.I. Fund |
BlackRock Large Cap Growth Retirement Portfolio | BlackRock Equity Dividend V.I. Fund |
BlackRock Large Cap Value Retirement Portfolio | BlackRock Global Allocation V.I. Fund |
BlackRock Large Cap Core Retirement Portfolio | BlackRock Global Opportunities V.I. Fund |
BlackRock High Yield V.I. Fund | |
BlackRock Latin America Fund, Inc. | BlackRock International V.I. Fund |
BlackRock iShares® Alternative Strategies V.I. Fund | |
BlackRock Long-Horizon Equity Fund | BlackRock iShares® Dynamic Allocation V.I. Fund |
BlackRock iShares® Dynamic Fixed Income V.I. Fund | |
BlackRock Mid Cap Value Opportunities Series, Inc. | BlackRock iShares® Equity Appreciation V.I. Fund |
BlackRock Mid Cap Value Opportunities Fund | BlackRock Large Cap Core V.I. Fund |
BlackRock Large Cap Growth V.I. Fund | |
BlackRock Multi-State Municipal Series Trust | BlackRock Large Cap Value V.I. Fund |
BlackRock New York Municipal Bond Fund | BlackRock Managed Volatility V.I. Fund |
BlackRock Money Market V.I. Fund | |
BlackRock Municipal Bond Fund, Inc. | BlackRock S&P 500 Index V.I. Fund |
BlackRock High Yield Municipal Fund | BlackRock Total Return V.I. Fund |
BlackRock National Municipal Fund | BlackRock U.S. Government Bond V.I. Fund |
BlackRock Short-Term Municipal Fund | BlackRock Value Opportunities V.I. Fund |
BlackRock Natural Resources Trust | BlackRock World Income Fund, Inc. |
BlackRock Pacific Fund, Inc. | Managed Account Series |
BlackRock U.S. Mortgage Portfolio | |
BlackRock Series Fund, Inc. | Global SmallCap Portfolio |
BlackRock Balanced Capital Portfolio | Mid Cap Value Opportunities Portfolio |
BlackRock Capital Appreciation Portfolio | |
BlackRock Global Allocation Portfolio | |
BlackRock High Yield Portfolio |
(each, a “Fund” and collectively, the “Funds”)
Supplement dated October 2, 2014 to the
Statement of Additional Information of each Fund
Part II of each Fund’s Statement of Additional Information is amended as follows:
The last paragraph under the section entitled “Purchase of Shares – Other Compensation to Selling Dealers” in Part II of each Fund’s current Statement of Additional Information is deleted in its entirety and replaced with the following:
As of the date of this SAI, as amended or supplemented from time to time, the following Service Organizations are receiving such payments: Ameriprise Financial Services, AXA Advisors, CCO Investment Services, Cetera Advisor Networks LLC, Cetera Advisors LLC, Cetera Financial Specialists LLC, Cetera Investment Services LLC, Citigroup Global Markets, Inc., Commonwealth Equity Services (Commonwealth Financial Network), FSC Securities Corporation, Investacorp, Inc., JP Morgan, LPL Financial Corporation, Merrill Lynch, MetLife Securities, Morgan Stanley Smith Barney, New England Securities Corporation, Northwestern Mutual Investment Services, LLC, PFS Investments, Raymond James, RBC Capital Markets, Royal Alliance Associates, SagePoint Financial, Santander Securities, LLC, Securities America, State Farm VP Management Corp., Triad Advisors, Inc., UBS Financial
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Services, U.S. Bancorp Investments, Voya Financial Advisors, Inc., Voya Investments Distributor, LLC, Wells Fargo, Woodbury Financial Services, Inc. and/or broker dealers and other financial services firms under common control with the above organizations (or their successors or assignees). The level of payments made to these Service Organizations in any year will vary, may be limited to specific Funds or share classes, and normally will not exceed the sum of (a) 0.25% of such year’s Fund sales by that Service Organization and (b) 0.21% of the assets attributable to that Service Organization invested in a Fund. In certain cases, the payments described in the preceding sentence are subject to certain minimum payment levels. In addition, from time to time BRIL, BlackRock or certain of their affiliates may make fixed dollar amount payments to certain Service Organizations listed above that are not based on the value of the shares sold to, or held by, the Service Organization’s customers and may be different for different Service Organizations.
Shareholders should retain this Supplement for future reference.
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SAI-GLOBAL-1014SUP