C000017861 Fees and Costs — BlackRock Capital Appreciation Portfolio, Class A
Data updated: 2026-08-27
The net expense ratio is 0.56%: a 0.70% management fee plus 0.02% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $358K in broker commissions, 0.0201% of average net assets, and portfolio turnover was 66%.
C000017861 Fees and Expenses
Annual operating expenses and sales charges of C000017861. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000017861 Costs Over Time
On $10,000 invested in C000017861, assuming 5% a year before costs, total costs come to $366 over 5 years, cutting the return by 0.61% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $61 | $200 | $366 |
| Value after costs | $10,439 | $11,376 | $12,397 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
C000017861 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0201%
- Total broker commissions: $358K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $22.9M
- Net income from securities lending: $36K (0.002% of average net assets)
C000017861 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $89K | 25.17% |
| Goldman Sachs & Co. LLC | $65K | 18.31% |
| J.P. Morgan Securities LLC | $63K | 17.72% |
| Citigroup Global Markets Inc. | $49K | 13.99% |
| UBS Securities LLC | $27K | 7.57% |
| Barclays Capital Inc. | $16K | 4.56% |
| TD Securities (USA) LLC | $15K | 4.19% |
| Jefferies LLC | $13K | 3.61% |
| Oppenheimer & Co. Inc. | $12K | 3.30% |
| BofA Securities, Inc. | $6K | 1.58% |
BlackRock Capital Appreciation Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000017861 | Class A | 0.56% | — |
| C000017863 | Class E | 0.71% | — |
| C000017862 | Class B | 0.81% | — |
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.