497K 1 e64016_497k.htm SUPPLEMENT


BlackRock Managed Volatility Portfolio

(the “Fund”)


Supplement dated May 4, 2015 to the Fund’s

Summary Prospectus dated January 28, 2015

Effective immediately, the following changes are made to the Fund’s Summary Prospectus:

The section entitled “Portfolio Managers” is deleted in its entirety and replaced with the following:

Portfolio Manager of
the Fund Since

Philip Green 2006 Managing Director of BlackRock, Inc.
Justin Christofel, CFA 2013 Director of BlackRock, Inc.


Shareholders should retain this Supplement for future reference.