Merrill Lynch

On April 15, 2016, Bank of America Corporation transferred BofA® Global Capital Management’s investment management responsibilities, including the management of certain of the BofA Funds, to BlackRock®, Inc. As a result, certain of the BofA Funds were reorganized into the corresponding money market funds managed by BlackRock Advisors, LLC or one of its investment advisory affiliates (BlackRock Liquidity Funds). With the reorganizations completed, assets in the applicable BofA Funds have been transferred to the corresponding BlackRock Liquidity Funds. This transaction affects only those assets in the applicable BofA Funds and has no impact on any other investments or relationships you might have with Bank of America. If you have any question about the transaction, please consult your Bank of America relationship manager. You also can obtain additional information about the transaction by clicking on the following link:

BofA Global Capital Management Transition Letter

Please read and consider the investment objectives, risks, charges and expenses for any fund carefully before investing. For information about the BlackRock money market funds or to review a copy of the prospectus, please visit www.blackrock.com/cash

An investment in money market mutual funds is not insured or guaranteed by Bank of America, N.A. or its affiliates, or by the Federal Deposit Insurance Corporation or any other government agency. Although money market mutual funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in money market mutual funds. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

BofA® Global Capital Management Group, LLC (BofA Global Capital Management) is an asset management division of Bank of America Corporation. BofA Global Capital Management entities furnish investment management services and products for institutional and individual investors. BofA Funds are distributed by BofA Distributors, Inc., Member FINRA and SIPC. BofA Distributors, Inc. is part of BofA Global Capital Management and an affiliate of Bank of America Corporation.

BofA Advisors, LLC is an SEC-registered investment advisor and indirect, wholly owned subsidiary of Bank of America Corporation and is part of BofA Global Capital Management.

Advisory services provided by BofA Advisors, LLC,
Securities offered through BofA Distributors, Inc,
nonbank subsidiaries of