C000011390 Fees and Costs — BlackRock Total Return Fund, Institutional Class
Data updated: 2026-09-16
The net expense ratio is 0.45%: a 0.34% management fee plus 0.13% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $618K in broker commissions, 0.0032% of average net assets, and portfolio turnover was 595%.
C000011390 Fees and Expenses
Annual operating expenses and sales charges of C000011390. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.48% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.45% |
| 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 |
C000011390 Costs Over Time
On $10,000 invested in C000011390, assuming 5% a year before costs, total costs come to $287 over 5 years, cutting the return by 0.48% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $157 | $287 |
| Value after costs | $10,452 | $11,420 | $12,476 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
C000011390 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0032%
- Total broker commissions: $618K
- Bought from dealers (principal trades, not a cost): $463.5B
- Portfolio turnover (prospectus): 595%
- Securities on loan, average value: $12.6M
- Net income from securities lending: $166K (0.001% of average net assets)
C000011390 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $197K | 32.89% |
| J.P. Morgan Securities LLC | $139K | 23.15% |
| Jane Street Execution Services, LLC | $89K | 14.82% |
| GOLDMAN SACHS & CO. LLC | $72K | 12.04% |
| MORGAN STANLEY & CO. LLC | $36K | 6.04% |
| UBS Securities LLC | $20K | 3.39% |
| SG AMERICAS SECURITIES LLC | $16K | 2.62% |
| CITADEL SECURITIES LLC | $13K | 2.18% |
| JEFFERIES LLC | $10K | 1.65% |
| RBC CAPITAL MARKETS, LLC | $7K | 1.21% |
C000011390 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BLACKROCK INVESTMENTS, LLC | $129.8B | 29.39% |
| GOLDMAN SACHS & CO. | $55.1B | 12.46% |
| MORGAN STANLEY & CO. LLC | $47.5B | 10.76% |
| CitiGroup Global Markets Inc. | $46.0B | 10.41% |
| BOFA SECURITIES, INC. | $43.8B | 9.92% |
| J.P. Morgan Securities LLC | $42.9B | 9.71% |
| BARCLAYS CAPITAL, INC. | $26.9B | 6.08% |
| BlackRock Liquidity Funds T-Fund | $25.5B | 5.78% |
| Wells Fargo Securities LLC | $15.6B | 3.53% |
| Mizuho Securities USA LLC | $8.7B | 1.98% |
BlackRock Total Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000052631 | Class K | 0.37% | — |
| C000011390 | Institutional Class | 0.45% | none |
| C000037618 | Investor A1 | 0.60% | none |
| C000011387 | Investor A | 0.76% | 4.00% |
| C000052630 | Service Class | 0.76% | — |
| C000011391 | Class R | 1.04% | none |
| C000037620 | Investor C | 1.45% | 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.