BDSAX Fees and Costs — BlackRock Advantage Small Cap Core Fund, Investor A
Data updated: 2026-09-23
The net expense ratio is 0.75%: a 0.42% management fee, a 0.25% 12b-1 fee plus 0.25% other expenses, less a 0.17% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2026 the fund paid $2.8M in broker commissions, 0.0639% of average net assets, and portfolio turnover was 92%.
BDSAX Fees and Expenses
Annual operating expenses and sales charges of BDSAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| 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 |
BDSAX Costs Over Time
On $10,000 invested in BDSAX, assuming 5% a year before costs, total costs come to $1,154 over 5 years, cutting the return by 1.97% 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 |
| Sales charges | $525 | $525 | $525 |
| Fund expenses (net expense ratio 0.75%) | $75 | $233 | $405 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $26 | $95 | $189 |
| Total costs | $632 | $873 | $1,154 |
| Value after costs | $9,868 | $10,703 | $11,609 |
| Impact on return, per year | 6.32% | 2.71% | 1.97% |
BDSAX 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): 0.0639%
- Total broker commissions: $2.8M
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 92%
- Securities on loan, average value: $166.6M
- Net income from securities lending: $1.4M (0.032% of average net assets)
BDSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $269K | 13.03% |
| CitiGroup Global Markets Inc. | $241K | 11.70% |
| UBS Securities LLC | $239K | 11.60% |
| MORGAN STANLEY & CO. LLC | $234K | 11.35% |
| GOLDMAN SACHS & CO. LLC | $215K | 10.45% |
| BOFA SECURITIES, INC. | $209K | 10.15% |
| J.P. Morgan Securities LLC | $191K | 9.26% |
| BNP Paribas Securities Corp. | $184K | 8.92% |
| JEFFERIES LLC | $160K | 7.78% |
| BTIG, LLC | $118K | 5.74% |
BDSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $1.7B | 94.58% |
| GOLDMAN SACHS & CO. LLC | $31.2M | 1.78% |
| MORGAN STANLEY & CO. LLC | $25.6M | 1.46% |
| J.P. Morgan Securities LLC | $12.6M | 0.72% |
| BNP PARIBAS SECURITIES CORP. | $8.2M | 0.47% |
| JEFFERIES LLC | $5.3M | 0.30% |
| BOFA SECURITIES, INC. | $4.8M | 0.28% |
| CitiGroup Global Markets Inc. | $4.4M | 0.25% |
| Loop Capital Markets LLC | $1.8M | 0.10% |
| BARCLAYS CAPITAL, INC. | $1.2M | 0.07% |
BlackRock Advantage Small Cap Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BDSKX | Class K | 0.45% | — |
| BDSIX | Institutional Class | 0.50% | none |
| BDSAX | Investor A | 0.75% | 5.25% |
| BDSCX | Investor C | 1.50% | 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.