BLACKROCK ALLOCATION TARGET SHARES
BATS: Series C Portfolio
BATS: Series M Portfolio
BATS: Series S Portfolio
BLACKROCK BOND FUND, INC.
BlackRock Total Return Fund
BlackRock Sustainable Total Return Fund
BLACKROCK FUNDSSM
BlackRock Tactical Opportunities Fund
BLACKROCK FUNDS V
BlackRock Core Bond Portfolio
BlackRock Low Duration Bond Portfolio
BlackRock GNMA Portfolio
BlackRock Strategic Income Opportunities Portfolio
BlackRock Sustainable Emerging Markets Flexible Bond Fund
BlackRock Sustainable Low Duration Bond Fund
BLACKROCK STRATEGIC GLOBAL BOND FUND, INC.
BLACKROCK VARIABLE SERIES FUNDS II, INC.
BlackRock Total Return V.I. Fund
(each, a “Fund” and collectively, the “Funds”)
Supplement dated March 18, 2022
to the Statement of Additional Information of each Fund (each, an “SAI”), as supplemented to date
Effective immediately, the following change is made to each Fund’s SAI:
The chart listing investments and investment strategies in the section of each Fund’s SAI entitled “I. Investment Objective[s] and Policies” as it relates to each Fund is deleted in relevant part and replaced with the following:
| Interfund Lending Program | X | ||||
| Borrowing, to the extent permitted by the Fund’s investment policies and restrictions |
X | ||||
| Lending, to the extent permitted by the Fund’s investment policies and restrictions |
X |
Shareholders should retain this Supplement for future reference.
SAI-IFL14-0322SUP