# EDGAR Filing Document

**Accession Number:** 0001398078
**File Stem:** 0001193125-23-063113
**Filing Date:** 2023-3
**Character Count:** 10381
**Document Hash:** de97dba84691cee2bcaf9960091864a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-063113.hdr.sgml**: 20230307

**ACCESSION NUMBER**: 0001193125-23-063113

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230307

**DATE AS OF CHANGE**: 20230307

**EFFECTIVENESS DATE**: 20230307

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-142592
- **FILM NUMBER:** 23713732

**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

## Series and Classes Contracts Data

### BLACKROCK 80/20 TARGET ALLOCATION FUND (Series ID: S000018351)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000050684 | INSTITUTIONAL SHARES |  |
| C000050685 | INVESTOR A SHARES    |  |
| C000050686 | INVESTOR C SHARES    |  |
| C000050687 | Class R Shares       |  |
| C000166010 | Class K              |  |

**BlackRock Advantage Global Fund, Inc.** 

**BlackRock Advantage SMID Cap Fund, Inc.** 

**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

BATS: Series V Portfolio

**BlackRock Bond Fund, Inc.** 

BlackRock Sustainable Total Return Fund

BlackRock Total Return Fund

**BlackRock California Municipal Series Trust** 

BlackRock California Municipal Opportunities Fund

**BlackRock Capital Appreciation Fund, Inc.** 

**BlackRock Emerging Markets Fund, Inc.** 

**BlackRock Equity Dividend Fund** 

**BlackRock EuroFund** 

**BlackRock Financial Institutions Series Trust** 

BlackRock Summit Cash Reserves Fund

**BlackRock Funds<sup>SM</sup>** 

BlackRock Advantage Emerging Markets Fund

BlackRock Advantage International Fund

BlackRock Advantage Large Cap Growth Fund

BlackRock Advantage Small Cap Core Fund

BlackRock Advantage Small Cap Growth Fund

BlackRock China A Opportunities Fund

BlackRock Commodity Strategies Fund

BlackRock Defensive Advantage Emerging Markets Fund

BlackRock Defensive Advantage International Fund

BlackRock Defensive Advantage U.S. Fund

BlackRock Energy Opportunities Fund

BlackRock Exchange Portfolio

BlackRock Global Equity Absolute Return Fund

BlackRock Global Impact Fund

BlackRock Global Equity Market Neutral Fund

BlackRock Health Sciences Opportunities Portfolio

BlackRock High Equity Income Fund

BlackRock Infrastructure Sustainable Opportunities Fund

BlackRock International Dividend Fund

BlackRock International Impact Fund

BlackRock Liquid Environmentally Aware Fund

BlackRock Mid-Cap Growth Equity Portfolio

BlackRock Real Estate Securities Fund

BlackRock Short Obligations Fund

BlackRock SMID-Cap Growth Equity Fund

BlackRock Sustainable Advantage Emerging Markets Equity Fund

BlackRock Sustainable Advantage International Equity Fund

BlackRock Sustainable Advantage Large Cap Core Fund

BlackRock Tactical Opportunities Fund

BlackRock Technology Opportunities Fund

BlackRock Total Factor Fund

BlackRock U.S. Impact Fund

BlackRock Wealth Liquid Environmentally Aware Fund

iShares Developed Real Estate Index Fund

iShares Municipal Bond 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

iShares U.S. Intermediate Credit Bond Index Fund

iShares U.S. Intermediate Government Bond Index Fund

iShares U.S. Long Credit Bond Index Fund

iShares U.S. Long Government Bond Index Fund

iShares U.S. Securitized Bond 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 Dynamic High Income Portfolio

BlackRock Global Dividend Portfolio

BlackRock Managed Income Fund

BlackRock Multi-Asset Income Portfolio

BlackRock Retirement Income 2030 Fund

BlackRock Retirement Income 2040 Fund

**BlackRock Funds III** 

BlackRock Diversified Fixed Income Fund

BlackRock LifePath<sup>®</sup> Dynamic Retirement Fund

BlackRock LifePath<sup>®</sup> Dynamic 2025 Fund

------

BlackRock LifePath<sup>®</sup> Dynamic 2030 Fund

BlackRock LifePath<sup>®</sup> Dynamic 2035 Fund

BlackRock LifePath<sup>®</sup> Dynamic 2040 Fund

BlackRock LifePath<sup>®</sup> Dynamic 2045 Fund

BlackRock LifePath<sup>®</sup> Dynamic 2050 Fund

BlackRock LifePath<sup>®</sup> Dynamic 2055 Fund

BlackRock LifePath<sup>®</sup> Dynamic 2060 Fund

BlackRock LifePath<sup>®</sup> Dynamic 2065 Fund

BlackRock LifePath<sup>®</sup> ESG Index Retirement Fund

BlackRock LifePath<sup>®</sup> ESG Index 2025 Fund

BlackRock LifePath<sup>®</sup> ESG Index 2030 Fund

BlackRock LifePath<sup>®</sup> ESG Index 2035 Fund

BlackRock LifePath<sup>®</sup> ESG Index 2040 Fund

BlackRock LifePath<sup>®</sup> ESG Index 2045 Fund

BlackRock LifePath<sup>®</sup> ESG Index 2050 Fund

BlackRock LifePath<sup>®</sup> ESG Index 2055 Fund

BlackRock LifePath<sup>®</sup> ESG Index 2060 Fund

BlackRock LifePath<sup>®</sup> ESG Index 2065 Fund

BlackRock LifePath<sup>®</sup> Index Retirement Fund

BlackRock LifePath<sup>®</sup> Index 2025 Fund

BlackRock LifePath<sup>®</sup> Index 2030 Fund

BlackRock LifePath<sup>®</sup> Index 2035 Fund

BlackRock LifePath<sup>®</sup> Index 2040 Fund

BlackRock LifePath<sup>®</sup> Index 2045 Fund

BlackRock LifePath<sup>®</sup> Index 2050 Fund

BlackRock LifePath<sup>®</sup> Index 2055 Fund

BlackRock LifePath<sup>®</sup> Index 2060 Fund

BlackRock LifePath<sup>®</sup> Index 2065 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 Funds IV** 

BlackRock Global Long/Short Credit Fund

BlackRock Sustainable Advantage CoreAlpha Bond Fund

BlackRock Systematic Multi-Strategy Fund

**BlackRock Funds V** 

BlackRock Core Bond Portfolio

BlackRock Floating Rate Income Portfolio

BlackRock GNMA Portfolio

BlackRock High Yield Bond Portfolio

BlackRock Impact Mortgage Fund

BlackRock Income Fund

BlackRock Inflation Protected Bond Portfolio

BlackRock Low Duration Bond Portfolio

BlackRock Strategic Income Opportunities Portfolio

BlackRock Sustainable Emerging Markets Bond Fund

BlackRock Sustainable Emerging Markets Flexible Bond Fund

BlackRock Sustainable High Yield Bond Fund

BlackRock Sustainable Low Duration Bond Fund

**BlackRock Funds VI** 

BlackRock Advantage CoreAlpha Bond Fund

**BlackRock Funds VII, Inc.** 

BlackRock Sustainable Emerging Markets Equity Fund

BlackRock Sustainable International Equity Fund

BlackRock Sustainable U.S. Growth Equity Fund

BlackRock Sustainable U.S. Value Equity Fund

**BlackRock Global Allocation Fund, Inc.** 

**BlackRock Index Funds, Inc.** 

iShares MSCI EAFE International Index Fund

iShares Russell 2000 Small-Cap Index Fund

**BlackRock Large Cap Focus Growth Fund, Inc.** 

**BlackRock Large Cap Focus Value Fund, Inc.** 

**BlackRock Large Cap Series Funds, Inc.** 

BlackRock Advantage Large Cap Core Fund

BlackRock Advantage Large Cap Value Fund

BlackRock Event Driven Equity Fund

**BlackRock Mid-Cap Value Series, Inc.** 

BlackRock Mid-Cap Value 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 Impact 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 Series Fund, Inc.** 

BlackRock Advantage Large Cap Core

Portfolio

BlackRock Capital Appreciation Portfolio

BlackRock Global Allocation Portfolio

BlackRock Government Money Market Portfolio

BlackRock Sustainable Balanced Portfolio

**BlackRock Series Fund II, Inc.** 

BlackRock High Yield Portfolio

BlackRock U.S. Government Bond Portfolio

**BlackRock Series, Inc.** 

BlackRock International Fund

**BlackRock Strategic Global Bond Fund, Inc.** 

**BlackRock Sustainable Balanced Fund, Inc.** 

**BlackRock Unconstrained Equity Fund** 

**BlackRock Variable Series Funds, Inc.** 

BlackRock 60/40 Target Allocation ETF V.I. Fund

BlackRock Advantage Large Cap Core V.I. Fund

BlackRock Advantage Large Cap Value V.I. Fund

BlackRock Advantage SMID Cap V.I. Fund

BlackRock Basic Value V.I. Fund

BlackRock Capital Appreciation V.I. Fund

BlackRock Equity Dividend V.I. Fund

BlackRock Global Allocation V.I. Fund

BlackRock Government Money Market V.I. Fund

BlackRock International Index V.I. Fund

BlackRock International V.I. Fund

BlackRock Large Cap Focus Growth V.I. Fund

BlackRock Managed Volatility V.I. Fund

BlackRock S&P 500 Index V.I. Fund

BlackRock Small Cap Index V.I. Fund

**BlackRock Variable Series Funds II, Inc.** 

BlackRock High Yield V.I. Fund

BlackRock Total Return V.I. Fund

BlackRock U.S. Government Bond V.I. Fund

**Managed Account Series** 

BlackRock GA Disciplined Volatility Equity Fund

BlackRock GA Dynamic Equity Fund

**Managed Account Series II** 

BlackRock U.S. Mortgage Portfolio

**(each, a "Fund" and collectively, the "Funds")** 

**Supplement dated March 7, 2023 to the Summary Prospectuses, Prospectuses and Statement of Additional Information of each Fund** 

**Effective March 9, 2023, any references to a Fund's P.O. Box are deleted and replaced with:** 

P.O. Box 534429,

Pittsburgh, Pennsylvania 15253-4429

**Effective March 9, 2023, any references to a Fund's overnight mailing address are deleted and replaced with:** 

Attention: 534429

500 Ross Street 154-0520

Pittsburgh, Pennsylvania 15262

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

PR2SAI-GLOBAL-0323SUP