BlackRock Allocation Target Shares |
BATS: Series A Portfolio |
BATS: Series C Portfolio |
BATS: Series E Portfolio |
BATS: Series M Portfolio |
BATS: Series P Portfolio |
BATS: Series S Portfolio |
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 CoRI Funds |
BlackRock CoRI 2015 Fund |
BlackRock CoRI 2017 Fund |
BlackRock CoRI 2019 Fund |
BlackRock CoRI 2021 Fund |
BlackRock CoRI 2023 Fund |
BlackRock Emerging Markets Fund, Inc. |
BlackRock Equity Dividend Fund |
BlackRock EuroFund |
BlackRock Focus Growth Fund, Inc. |
BlackRock FundsSM |
BlackRock All-Cap Energy & Resources Portfolio |
BlackRock Alternative Capital Strategies Fund |
BlackRock Commodity Strategies Fund |
BlackRock Disciplined Small Cap Core Fund |
BlackRock Emerging Market Allocation Portfolio |
BlackRock Emerging Markets Dividend Fund |
BlackRock Emerging Markets Long/Short |
Equity Fund |
BlackRock Energy & Resources Portfolio |
BlackRock Flexible Equity Fund |
BlackRock Global Long/Short Credit Fund |
BlackRock Global Long/Short Equity Fund |
BlackRock Global Opportunities Portfolio |
BlackRock Health Sciences Opportunities Portfolio |
BlackRock International Opportunities Portfolio |
BlackRock Macro Themes Fund |
BlackRock Managed Volatility Portfolio |
BlackRock Midcap Index Fund |
BlackRock Mid-Cap Growth Equity Portfolio |
BlackRock Money Market Portfolio |
BlackRock MSCI Asia ex Japan Index Fund |
BlackRock MSCI World Index Fund |
BlackRock Multi-Asset Real Return Fund |
BlackRock Multi-Manager Alternative |
Strategies Fund |
BlackRock Municipal Money Market Portfolio |
BlackRock New Jersey Municipal |
Money Market Portfolio |
BlackRock North Carolina Municipal |
Money Market Portfolio |
BlackRock Ohio Municipal Money Market Portfolio |
BlackRock Pennsylvania Municipal |
Money Market Portfolio |
BlackRock Real Estate Securities Fund |
BlackRock Science & Technology |
Opportunities Portfolio |
BlackRock Short Obligations Fund |
BlackRock Small Cap Growth Equity Portfolio |
BlackRock Strategic Risk Allocation Fund |
BlackRock U.S. Opportunities Portfolio |
BlackRock U.S. Treasury Money Market Portfolio |
BlackRock Ultra-Short Obligations Fund |
BlackRock Virginia Municipal Money |
Market Portfolio |
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 Dynamic High Income Portfolio |
BlackRock Emerging Markets Flexible |
Dynamic Bond Portfolio |
BlackRock Floating Rate Income Portfolio |
BlackRock Global Dividend Portfolio |
BlackRock GNMA Portfolio |
BlackRock High Yield Bond Portfolio |
BlackRock Inflation Protected Bond Portfolio |
BlackRock Investment Grade Bond Portfolio |
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 LifePath® Active Retirement Fund |
BlackRock Low Duration Bond Portfolio |
BlackRock Multi-Asset Income Portfolio |
BlackRock Secured Credit Portfolio |
BlackRock Strategic Income Opportunities Portfolio |
BlackRock U.S. Government Bond Portfolio |
BlackRock Funds III |
BlackRock CoreAlpha Bond Fund |
BlackRock Large Cap Index 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 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 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 Large Cap Series Funds, Inc. |
BlackRock Event Driven Equity Fund |
BlackRock Large Cap Core Fund |
BlackRock Large Cap Growth Fund |
BlackRock Large Cap Value Fund |
BlackRock Large Cap Value Retirement Portfolio |
BlackRock Latin America Fund, Inc. |
BlackRock Global Allocation Fund, Inc. |
BlackRock Global SmallCap Fund, Inc. |
BlackRock Long-Horizon Equity Fund |
BlackRock Mid Cap Value Opportunities Series, Inc. |
BlackRock Mid Cap Value Opportunities 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 Pacific Fund, Inc. |
BlackRock Series, Inc. |
BlackRock International Fund |
BlackRock Small Cap Growth Fund II |
BlackRock Value Opportunities Fund, Inc. |
BlackRock World Income Fund, Inc. |
FDP Series, Inc. |
Franklin Templeton Total Return FDP Fund |
Invesco Value FDP Fund |
Marsico Growth FDP Fund |
MFS Research International FDP Fund |
Managed Account Series |
BlackRock U.S. Mortgage Portfolio |
Global SmallCap Portfolio |
Mid Cap Value Opportunities Portfolio |
(each, a “Fund” and collectively, the “Funds”)
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Supplement dated July 1, 2015 to the
Prospectus of each Fund
Effective on September 1, 2015, each Fund’s Prospectus is amended as follows:
The section entitled “Account Information — Note on Low Balance Accounts” in the current Prospectus is deleted in its entirety and replaced with the following or the following section is added to the section entitled “Account Information” in the current Prospectus, as applicable:
Note on Low Balance Accounts. Because of the high cost of maintaining smaller shareholder accounts, BlackRock has set a minimum balance of $500 in each Fund position you hold within your account (“Fund Minimum”), and may redeem the shares in your account if the net asset value of those shares in your account falls below $500 for any reason, including market fluctuation.
You will be notified that the value of your account is less than the Fund Minimum before the Fund makes any involuntary redemption. This notification will provide you with a 90 calendar day period to make an additional investment in order to bring the value of your account to at least $500 before the Fund makes an involuntary redemption. This involuntary redemption will not charge any deferred sales charge, and may not apply to accounts of certain employer-sponsored retirement plans (not including IRAs), qualified state tuition plan (529 Plan) accounts, and select fee-based programs at your Financial Intermediary.
In the section entitled “Account Information — How to Buy and Sell Shares — How to Sell Shares —Selling shares held directly with BlackRock,” “Account Information — How to Buy, Sell and Transfer Shares — How to Sell Shares — Selling shares held directly with BlackRock” or “Account Information —How to Buy, Sell, Exchange and Transfer Shares — How to Sell Shares — Selling shares held directly with BlackRock,” as applicable, in each Fund’s Prospectus, the following paragraph is added as the second paragraph under “Payment by Check” or, if applicable, the following paragraph is added with the header of “Payment by Check”:
Each Fund reserves the right to reinvest any dividend or distribution amounts (e.g., income dividends or capital gains) which you have elected to receive by check should your check be returned as undeliverable or remain uncashed for more than 6 months. No interest will accrue on amounts represented by uncashed checks. Your check will be reinvested in your account at the net asset value next calculated, on the day of the investment. When reinvested, those amounts are subject to the risk of loss like any Fund investment. If you elect to receive distributions in cash and a check remains undeliverable or uncashed for more than 6 months, your cash election may also be changed automatically to reinvest and your future dividend and capital gains distributions will be reinvested in the Fund at the net asset value as of the date of payment of the distribution.
Shareholders should retain this Supplement for future reference.
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