497K 1 d332164d497k.htm BLACKROCK ENERGY & RESOURCES PORTFOLIO BLACKROCK ENERGY & RESOURCES PORTFOLIO

BLACKROCK FUNDSSM

BlackRock Energy & Resources Portfolio

(the “Fund”)

Supplement dated February 3, 2017 to the Fund’s

Summary Prospectus dated January 27, 2017

This Supplement was previously filed on February 2, 2017.

Effective April 1, 2017, the following change is made to the Fund’s Summary Prospectus:

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

Portfolio Manager

 

Name    Portfolio Manager of
the Fund Since		    Title

Alastair Bishop

    2016    Director of BlackRock, Inc.

Shareholders should retain this Supplement for future reference.

SPRO-GR-0217SUP2