BACIX Fees and Costs — BlackRock Energy Opportunities Fund, Institutional Class
Data updated: 2026-09-24
The net expense ratio is 0.92%: a 0.75% management fee plus 0.32% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $46K in broker commissions, 0.0151% of average net assets, and portfolio turnover was 38%.
BACIX Fees and Expenses
Annual operating expenses and sales charges of BACIX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BACIX Costs Over Time
On $10,000 invested in BACIX, assuming 5% a year before costs, total costs come to $586 over 5 years, cutting the return by 0.98% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.92%) | $97 | $302 | $523 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $322 | $586 |
| Value after costs | $10,402 | $11,255 | $12,177 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
BACIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0151%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $189.7M
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $307K
- Net income from securities lending: $769 (0.000% of average net assets)
BACIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $9K | 21.58% |
| J.P. Morgan Securities LLC | $9K | 20.85% |
| BOFA SECURITIES, INC. | $6K | 13.18% |
| TD SECURITIES (USA) LLC | $5K | 10.81% |
| GOLDMAN SACHS & CO. LLC | $4K | 10.13% |
| CitiGroup Global Markets Inc. | $3K | 7.80% |
| JEFFERIES LLC | $3K | 7.26% |
| BNP Paribas Securities Corp. | $2K | 3.90% |
| BARCLAYS CAPITAL, INC. | $955 | 2.25% |
| RBC CAPITAL MARKETS, LLC | $954 | 2.25% |
BACIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $189.7M | 100.00% |
BlackRock Energy Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BACIX | Institutional Class | 0.92% | none |
| BACAX | Investor A | 1.33% | 5.25% |
| BACCX | Investor C | 2.05% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.