# EDGAR Filing Document

**Accession Number:** 0001738078
**File Stem:** 0001193125-23-067601
**Filing Date:** 2023-3
**Character Count:** 2491
**Document Hash:** 24b67acaf76bb01d6dea782cdd6dddba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-067601.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001193125-23-067601

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**EFFECTIVENESS DATE**: 20230310

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-224371
- **FILM NUMBER:** 23723715

**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

## Series and Classes Contracts Data

### BlackRock Inflation Protected Bond Portfolio (Series ID: S000062365)

---

|  |  |
|:---|:---|
| Class Name           | Class ID   |
| Investor A Shares    | C000202308 |
| Investor C Shares    | C000202309 |
| Institutional Shares | C000202310 |
| Class K Shares       | C000202311 |

---

## Series and Classes Contracts Data

### BlackRock Inflation Protected Bond Portfolio (Series ID: S000062365)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202308 | Investor A Shares    |  |
| C000202309 | Investor C Shares    |  |
| C000202310 | Institutional Shares |  |
| C000202311 | Class K Shares       |  |

**BLACKROCK FUNDS V** 

BlackRock Inflation Protected Bond Portfolio

**(the "Fund")** 

**Supplement dated March 10, 2023** 

**to the Statement of Additional Information ("SAI") of the Fund,** 

**dated April 29, 2022, as supplemented to date** 

**Effective immediately, the following change is made to the Fund's SAI:** 

**The chart listing investments and investment strategies in the section of the SAI entitled "I. Investment Objective and Policies" is deleted in relevant part and replaced with the following:** 

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp; **Interfund Lending Program** | X |
| &nbsp;&nbsp;&nbsp;&nbsp; Borrowing, to the extent permitted by the Fund's investment policies and restrictions | X |
| &nbsp;&nbsp;&nbsp;&nbsp; Lending, to the extent permitted by the Fund's investment policies and restrictions | X |

---

**Shareholders should retain this Supplement for future reference.** 

SAI-IPB-0323SUP