JANUARY 28, 2014
|
SUMMARY PROSPECTUS
|
|
|
BlackRock Large Cap Series Funds,
Inc. | Class K Shares
|
>
|
|
BlackRock Large Cap Core Retirement
Portfolio
Class K: MKLRX
|
Before you invest, you may want to
review the Fund’s prospectus, which contains more information about the Fund and its risks. You can find the Fund’s prospectus (including
amendments and supplements) and other information about the Fund, including the Fund’s statement of additional information and shareholder report,
online at http://www.blackrock.com/prospectus. You can also get this information at no cost by calling (800) 441-7762 or by sending an e-mail request
to
prospectus.request@blackrock.com
, or from your financial professional. The Fund’s prospectus and statement of additional information,
both dated January 28, 2014, as amended and supplemented from time to time, are incorporated by reference into (legally made a part of) this Summary
Prospectus.
This Summary Prospectus contains
information you should know before investing, including information about risks. Please read it before you invest and keep it for future
reference.
The Securities and Exchange
Commission has not approved or disapproved these securities or passed upon the adequacy of this Summary Prospectus. Any representation to the contrary
is a criminal offense.
|
Not FDIC Insured • May Lose Value • No Bank Guarantee
|
Summary Prospectus
Key Facts About BlackRock Large Cap
Core Retirement Portfolio
Investment Objective
The investment objective of BlackRock Large Cap Core Retirement
Portfolio (“Retirement Core Fund” or the “Fund”), a series of BlackRock Large Cap Series Funds, Inc. (the “Corporation”),
is to seek long-term capital growth. In other words, the Fund tries to choose investments that will increase in value.
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you
buy and hold Class K Shares of Retirement Core Fund.
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
1
|
Class K
Shares
|
|
Management Fee
1
|
0.47%
|
|
Distribution and/or Service (12b-1) Fees
|
None
|
|
Other Expenses
|
0.12%
|
|
Total Annual Fund Operating Expenses
|
0.59%
|
|
Fee Waivers and/or Expense Reimbursements
2
|
—
|
|
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense
Reimbursements
2
|
0.59%
|
|
1
|
|
The fees and expenses shown in the table and the
example that follows include both the expenses of Retirement Core Fund and Retirement Core Fund’s share of the allocated expenses of Master Large
Cap Core Portfolio (“Master Core Portfolio” or the “Portfolio”), a series of Master Large Cap Series LLC. Management Fees are paid
by Master Core Portfolio.
|
|
2
|
|
As described in the “Management of the
Funds” section of the Fund’s prospectus on pages 27-31, BlackRock Advisors, LLC (“BlackRock”) has contractually agreed to waive
and/or reimburse fees and/or expenses with respect to Retirement Core Fund in order to limit Total Annual Fund Operating Expenses After Fee Waivers
and/or Expense Reimbursements (excluding Dividend Expense, Interest Expense, Acquired Fund Fees and Expenses and certain other Fund expenses) to 0.67%
of average daily net assets until February 1, 2015. The agreement may be terminated upon 90 days’ notice by a majority of the non-interested
directors of the Corporation or by a vote of a majority of the outstanding voting securities of the Fund.
|
Example:
This Example is intended to help you compare the cost of investing
in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated
and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the
Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would
be:
|
|
|
|
1 Year
|
|
3 Years
|
|
5 Years
|
|
10 Years
|
|
Class K Shares
|
|
|
|
$
|
60
|
|
|
$
|
189
|
|
|
$
|
329
|
|
|
$
|
738
|
|
Portfolio Turnover:
The Portfolio pays transaction costs, such as commissions, when it
buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may
result in higher taxes when shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the
example, affect the Portfolio’s performance. During the most recent fiscal year, the Portfolio’s portfolio turnover rate was 50% of the
average value of its portfolio.
2
Principal Investment Strategies of the Fund
Retirement Core Fund seeks to achieve its objective by investing
at least 80% of its assets in equity securities, primarily common stock, of large cap companies located in the United States that BlackRock selects
from among those that are, at the time of purchase, included in the Fund’s benchmark, the Russell 1000
®
Index. Equity securities
consist primarily of common stock, preferred stock, securities convertible into common stock and securities or other instruments whose price is linked
to the value of common stock. Large cap companies are companies that at the time of purchase have a market capitalization equal to or greater than the
top 80% of the companies that comprise the Russell 1000
®
Index. As of June 28, 2013, the most recent rebalance date, the lowest market
capitalization in this group was $3.8 billion. The market capitalizations of companies in the index change with market conditions and the composition
of the index.
The Fund will use an investment approach that blends growth and
value. Growth companies are those whose earnings growth potential appears to the Fund management team to be greater than the market in general and
whose revenue growth is expected to continue for an extended period. Stocks of growth companies typically pay relatively low dividends and sell at
relatively high valuations. Value companies are those that appear to be undervalued by the market as measured by certain financial
formulas.
The Fund is a “feeder” fund that invests all of its
assets in Master Core Portfolio, which has the same investment objective and strategies as the Fund. All investments are made at the Portfolio level.
This structure is sometimes called a “master/feeder” structure. The Fund’s investment results will correspond directly to the investment
results of the Portfolio. For simplicity, the prospectus uses the terms “Retirement Core Fund” or “Fund” (as applicable) to include
the Portfolio.
Principal Risks of Investing in the Fund
Risk is inherent in all investing. The value of your investment in
Retirement Core Fund, as well as the amount of return you receive on your investment, may fluctuate significantly from day to day and over time. You
may lose part or all of your investment in the Fund or your investment may not perform as well as other similar investments. The following is a summary
description of principal risks of investing in the Fund.
|
n
|
|
Equity Securities Risk
— Stock markets are
volatile. The price of an equity security fluctuates based on changes in a company’s financial condition and overall market and economic
conditions.
|
|
n
|
|
Investment Style Risk
— Under certain market
conditions, growth investments have performed better during the later stages of economic expansion and value investments have performed better during
periods of economic recovery. Therefore, these investment styles may over time go in and out of favor. At times when the investment style used by the
Fund is out of favor, the Fund may underperform other equity funds that use different investment styles.
|
|
n
|
|
Market Risk and Selection Risk
— Market risk is
the risk that one or more markets in which the Fund invests will go down in value, including the possibility that the markets will go down sharply and
unpredictably. Selection risk is the risk that the securities selected by Fund management will underperform the markets, the relevant indices or the
securities selected by other funds with similar investment objectives and investment strategies. This means you may lose money.
|
3
Performance Information
The returns for Class K Shares of Retirement Core Fund prior to
their inception date of January 3, 2008 are based upon the performance of Institutional Shares of BlackRock Large Cap Core Fund, a series of the
Corporation which is also a feeder fund into Master Core Portfolio. The returns for the Class K Shares, however, are adjusted to reflect the annual
fund operating expenses of Class K Shares of the Fund.
The information shows you how the Fund’s performance has
varied year by year and provides some indication of the risks of investing in the Fund. The table compares the Class K Share performance to that of the
Russell 1000
®
Index. As with all such investments, past performance is not an indication of future results. Sales charges are not
reflected in the bar chart. If they were, returns would be less than those shown. However, the table includes all applicable fees and sales charges. If
BlackRock and its affiliates had not waived or reimbursed certain Fund expenses during these periods, the Fund’s returns would have been lower.
Updated information on the Fund’s performance, including its current net asset value, can be obtained by visiting http://www.blackrock.com/funds
or can be obtained by phone at (800) 882-0052.
Class K Shares
ANNUAL TOTAL RETURNS
1
Retirement Core Fund
As of 12/31
During the ten-year period shown in the bar chart, the highest
return for a quarter was 14.13% (quarter ended September 30, 2009) and the lowest return for a quarter was –21.13% (quarter ended September 30,
2011).
As of 12/31/13
Average Annual
Total Returns
|
|
|
|
1 Year
|
|
5 Years
1
|
|
10 Years
1
|
|
BlackRock Large Cap Core Retirement Portfolio — Class K Shares
|
|
|
|
|
34.15
|
%
|
|
|
15.88
|
%
|
|
|
7.53
|
%
|
|
Russell 1000
®
Index (Reflects no deduction for fees, expenses or taxes)
|
|
|
|
|
33.11
|
%
|
|
|
18.59
|
%
|
|
|
7.78
|
%
|
|
1
|
|
A portion of the Fund’s total return was
attributable to proceeds received in the fiscal period ended September 30, 2009 in a settlement of litigation.
|
After-tax returns are calculated using the historical highest
individual Federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the
investor’s tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their shares
through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.
Investment Manager
Retirement Core Fund’s investment manager is BlackRock
Advisors, LLC (previously defined as “BlackRock”). The Fund’s sub-adviser is BlackRock Investment Management, LLC (the
“Sub-Adviser”). Where applicable, “BlackRock” refers also to the Sub-Adviser.
4
Portfolio Manager
Name
|
|
|
|
Portfolio Manager
of the Fund
Since
|
|
Title
|
|
Peter Stournaras, CFA
|
|
|
|
2010
|
|
Managing Director of BlackRock, Inc.
|
Purchase and Sale of Fund Shares
Class K Shares of the Fund are available only to (i) qualified
recordkeepers with a distribution and/or fund servicing agreement (establishing an omnibus trading relationship) maintained with the Fund’s
distributor, or (ii) defined benefit plans, defined contribution plans, endowments and foundations with greater than $10 million in a qualified
tax-exempt plan, or (iii) employers with greater than $10 million in the aggregate between qualified and non-qualified plans that they sponsor
(collectively, “Institutions”). You may purchase or redeem shares of the Fund each day the New York Stock Exchange is open. Class K Shares
are normally purchased through a customer’s account at an Institution through procedures established by such Institution. The Fund’s initial
minimum investment for Class K Shares is $1. The minimum investment for additional purchases is $1.
Tax Information
Because of the special tax rules applicable to investments by
qualified plans exempt from tax under section 401(a) of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), if you
are invested through such a plan, you will not be taxed on dividends paid by the Fund or on the proceeds of a redemption or an exchange of shares of
the Fund, provided the shares are not debt-financed property to the plan. Different tax consequences apply to a shareholder that does not satisfy the
requirements of Section 401(a) or 501(a) of the Internal Revenue Code.
Payments to Broker/Dealers and Other Financial
Intermediaries
If you purchase shares of the Fund through a broker-dealer or
other financial intermediary, the Fund and BlackRock Investments, LLC, the Fund’s distributor, or its affiliates may pay the intermediary for the
sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other financial
intermediary and your individual financial professional to recommend the Fund over another investment. Ask your individual financial professional or
visit your financial intermediary’s website for more information.
5
[This page intentionally left blank]
[This page intentionally left blank]
|
INVESTMENT COMPANY ACT FILE #811-09637
© BlackRock Advisors, LLC
SPRO-RLCC-0114
|
|
|
|
|
Probe Gold (QB) (USOTC:PROBF)
Graphique Historique de l'Action
De Fév 2025 à Mar 2025
Probe Gold (QB) (USOTC:PROBF)
Graphique Historique de l'Action
De Mar 2024 à Mar 2025
