C000050786 Fees and Costs — BlackRock 20/80 Target Allocation Fund, Investor A
Data updated: 2026-08-27
The net expense ratio is 0.67% (0.79% before fee waivers). This share class carries a maximum front-end sales load of 5.25%. In fiscal 2024 the fund paid $84K in broker commissions, 0.0192% of average net assets, and portfolio turnover was 50%.
C000050786 Fees and Expenses
Annual operating expenses and sales charges of C000050786. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.67% |
| 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 |
C000050786 Costs Over Time
On $10,000 invested in C000050786, assuming 5% a year before costs, total costs come to $1,081 over 5 years, cutting the return by 1.84% 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 0.67%) | $67 | $209 | $363 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $26 | $93 | $183 |
| Total costs | $620 | $833 | $1,081 |
| Value after costs | $9,880 | $10,743 | $11,682 |
| Impact on return, per year | 6.20% | 2.58% | 1.84% |
C000050786 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): 0.0192%
- Total broker commissions: $84K
- Bought from dealers (principal trades, not a cost): $10.9M
- Portfolio turnover (prospectus): 50%
- Securities on loan, average value: $21.2M
- Net income from securities lending: $112K (0.026% of average net assets)
C000050786 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $26K | 32.01% |
| Jane Street Execution Services, LLC | $19K | 23.44% |
| BOFA SECURITIES, INC. | $19K | 22.66% |
| CITADEL SECURITIES LLC | $4K | 4.94% |
| MORGAN STANLEY & CO. LLC | $4K | 4.72% |
| CITIGROUP GLOBAL MARKETS INC. | $4K | 4.68% |
| J.P. Morgan Securities LLC | $2K | 1.99% |
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $2K | 1.92% |
| UBS Securities LLC | $2K | 1.89% |
| JEFFERIES LLC | $1K | 1.76% |
C000050786 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Master Bond LLC Master Total Return Portfolio | $203.5M | 51.08% |
| BlackRock Liquidity Funds T-Fund | $89.0M | 22.33% |
| BlackRock Funds V BlackRock Strategic Income Opportunities Portfolio | $59.3M | 14.89% |
| BlackRock U.S. Mortgage Portfolio | $17.2M | 4.32% |
| BlackRock Sustainable Advantage Large Cap Core Fund | $13.6M | 3.43% |
| Jane Street Execution Services, LLC | $10.0M | 2.52% |
| BlackRock Emerging Markets Fund, Inc. | $5.1M | 1.27% |
| BOFA SECURITIES, INC. | $595K | 0.15% |
| CitiGroup Global Markets Inc. | $73K | 0.02% |
BlackRock 20/80 Target Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000166012 | Class K | 0.31% | — |
| C000050785 | Institutional Class | 0.33% | none |
| C000050786 | Investor A | 0.67% | 5.25% |
| C000050788 | Class R | 0.96% | none |
| C000050787 | Investor C | 1.40% | 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.