C000017865 Fees and Costs — BlackRock Ultra-Short Term Bond Portfolio, Class B
Data updated: 2026-08-27
The net expense ratio is 0.62%: a 0.35% management fee, a 0.25% 12b-1 fee plus 0.05% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
C000017865 Fees and Expenses
Annual operating expenses and sales charges of C000017865. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.62% |
| 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 |
C000017865 Costs Over Time
On $10,000 invested in C000017865, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% 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 0.62%) | $65 | $204 | $355 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
C000017865 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $68.8B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000017865 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $24.3B | 35.41% |
| J.P. Morgan Securities LLC | $22.7B | 33.05% |
| TD Securities (USA) LLC | $13.5B | 19.62% |
| Citigroup Global Markets Inc. | $3.4B | 4.90% |
| Erste Group Bank AG | $2.6B | 3.72% |
| RBC Capital Markets, LLC | $1.7B | 2.50% |
| BNY Capital Markets, LLC | $307.4M | 0.45% |
| Barclays Capital Inc. | $127.1M | 0.19% |
| Goldman Sachs & Co. LLC | $60.2M | 0.09% |
| Wells Fargo Securities, LLC | $49.7M | 0.07% |
BlackRock Ultra-Short Term Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000017864 | Class A | 0.37% | — |
| C000017866 | Class E | 0.52% | — |
| C000017865 | Class B | 0.62% | — |
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.