C000023028 Fees and Costs — BlackRock Advantage International Fund, Institutional Class
Data updated: 2026-09-24
The net expense ratio is 0.50%: a 0.41% management fee plus 0.20% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.2M in broker commissions, 0.0482% of average net assets, and portfolio turnover was 99%.
C000023028 Fees and Expenses
Annual operating expenses and sales charges of C000023028. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.50% |
| 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 |
C000023028 Costs Over Time
On $10,000 invested in C000023028, assuming 5% a year before costs, total costs come to $346 over 5 years, cutting the return by 0.58% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $189 | $346 |
| Value after costs | $10,442 | $11,387 | $12,417 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000023028 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): 0.0482%
- Total broker commissions: $3.2M
- Bought from dealers (principal trades, not a cost): $4.1B
- Portfolio turnover (prospectus): 99%
- Securities on loan, average value: $892K
- Net income from securities lending: $5K (0.000% of average net assets)
C000023028 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $464K | 16.85% |
| CitiGroup Global Markets Inc. | $354K | 12.84% |
| BOFA SECURITIES, INC. | $353K | 12.81% |
| MORGAN STANLEY & CO. LLC | $351K | 12.74% |
| GOLDMAN SACHS & CO. LLC | $310K | 11.26% |
| JEFFERIES LLC | $230K | 8.35% |
| J.P. Morgan Securities LLC | $226K | 8.21% |
| BNP Paribas Securities Corp. | $214K | 7.77% |
| RBC CAPITAL MARKETS, LLC | $149K | 5.40% |
| BARCLAYS CAPITAL, INC. | $104K | 3.77% |
C000023028 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $4.1B | 100.00% |
| CitiGroup Global Markets Inc. | $85 | 0.00% |
| GOLDMAN SACHS & CO. LLC | $33 | 0.00% |
BlackRock Advantage International Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000198216 | Class K | 0.45% | — |
| C000023028 | Institutional Class | 0.50% | none |
| C000023030 | Investor A | 0.75% | 5.25% |
| C000037670 | Class R | 1.00% | none |
| C000023032 | 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.