# EDGAR Filing Document

**Accession Number:** 0001738078
**File Stem:** 0001193125-25-203927
**Filing Date:** 2025-9
**Character Count:** 5042
**Document Hash:** 7cef33378c278fceeed2aa335a7accc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-203927.hdr.sgml**: 20250916

**ACCESSION NUMBER**: 0001193125-25-203927

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250916

**DATE AS OF CHANGE**: 20250915

**EFFECTIVENESS DATE**: 20250916

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Funds V
- **CENTRAL INDEX KEY:** 0001738078

**ORGANIZATION NAME:**
- **EIN:** 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:** 251315395

**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 September 16, 2025 (the "Supplement") to the Fund's** 

**Summary Prospectuses and Prospectuses, each dated April 30, 2025, as supplemented to date** 

**Effective immediately, the following changes are made to the Fund's Summary Prospectuses and Prospectuses, as applicable:** 

**The section of the Summary Prospectuses entitled "Key Facts About BlackRock Inflation Protected Bond Portfolio — Portfolio Managers" and the section of the Prospectuses entitled "Fund Overview — Key Facts About BlackRock Inflation Protected Bond Portfolio — Portfolio Managers" are deleted in their entirety and replaced with the following:** 

***Portfolio Managers***

---

| | | |
|:---|:---|:---|
| **Name** | **Portfolio Manager of<br>the Fund Since** | **Title** |
| Russell Brownback | 2025 | Managing Director of BlackRock, Inc. |
| Johan Sjogren | 2024 | Managing Director of BlackRock, Inc. |
| Harrison Segall | 2024 | Director of BlackRock, Inc. |

---

**The section of the Prospectuses entitled "Details About the Fund — How the Fund Invests — About the Portfolio Management Team of the Fund" is deleted in its entirety and replaced with the following:** 

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;**ABOUT THE PORTFOLIO MANAGEMENT TEAM OF THE FUND** |
| &nbsp;&nbsp;&nbsp;The Fund is managed by a team of financial professionals. Russell Brownback, Johan Sjogren and Harrison Segall are the Fund's portfolio managers and are jointly and primarily responsible for the day-to-day management of the Fund. Please see "Management of the Fund — Portfolio Manager Information" for additional information about the portfolio management team. |

---

**The section of the Prospectuses entitled "Management of the Fund — Portfolio Manager Information" is deleted in its entirety and replaced with the following:** 

***Portfolio Manager Information***

Information regarding the portfolio managers of the Fund is set forth below. Further information regarding the portfolio managers, including other accounts managed, compensation, ownership of Fund shares, and possible conflicts of interest, is available in the Fund's SAI.

The Fund is managed by a team of financial professionals. Russell Brownback, Johan Sjogren and Harrison Segall are jointly and primarily responsible for the day-to-day management of the Fund.

------

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio Manager** | **Primary Role** | **Since** | **Title and Recent Biography** |
| Russell Brownback | Jointly and primarily responsible for the day-to-day management of the Fund's portfolio, including setting the Fund's overall investment strategy and overseeing the management of the Fund. | 2025 | Managing Director of BlackRock, Inc. since 2017. |
| Johan Sjogren | Jointly and primarily responsible for the day-to-day management of the Fund's portfolio, including setting the Fund's overall investment strategy and overseeing the management of the Fund. | 2024 | Managing Director of BlackRock, Inc. since 2020. Director of BlackRock, Inc. since 2016. |
| Harrison Segall | Jointly and primarily responsible for the day-to-day management of the Fund's portfolio, including setting the Fund's overall investment strategy and overseeing the management of the Fund. | 2024 | Director of BlackRock, Inc. since 2018. |

---

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