0001323737
2011-08-29
2012-08-28
0001323737
mas1:S000002990Member
2011-08-29
2012-08-28
Managed Account Series
Other
0001323737
false
2012-04-30
2012-09-28
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Managed Account Series</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Global SmallCap Portfolio</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(the “Fund”)</p><br/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><b>Supplement dated September 28, 2012<br/> to the Fund’s Prospectus and Summary Prospectus<font style="color: black">, each dated August 28, 2012</font></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Effective October 1, 2012, the Fund will change the benchmark against which it measures its performance from the MSCI World Small Cap Index to the MSCI All Country World Small Cap Index. Fund management believes the MSCI All Country World Small Cap Index more accurately reflects the investment strategy of the Fund. The MSCI All Country World Small Cap Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market results of smaller capitalization companies in both developed and emerging markets. For the one year, five year and since inception (August 2, 2005) periods ended December 31, 2011, the average annual total returns for the MSCI All Country World Small Cap Index were -11.30%, 0.31% and 4.23%, respectively.</p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Managed Account Series</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Global SmallCap Portfolio</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(the “Fund”)</p> <br/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><b>Supplement dated September 28, 2012<br/> to the Fund’s Prospectus and Summary Prospectus<font style="color: black">, each dated August 28, 2012</font></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Effective October 1, 2012, the Fund will change the benchmark against which it measures its performance from the MSCI World Small Cap Index to the MSCI All Country World Small Cap Index. Fund management believes the MSCI All Country World Small Cap Index more accurately reflects the investment strategy of the Fund. The MSCI All Country World Small Cap Index is a free float-adjusted market capitalization weighted index that is designed to measure equity market results of smaller capitalization companies in both developed and emerging markets. For the one year, five year and since inception (August 2, 2005) periods ended December 31, 2011, the average annual total returns for the MSCI All Country World Small Cap Index were -11.30%, 0.31% and 4.23%, respectively.</p>
2012-09-28
2012-08-28