C000051319 Fees and Costs — BlackRock Event Driven Equity Fund, Investor A
Data updated: 2026-09-24
The net expense ratio is 1.51% (1.57% before fee waivers). This share class carries a maximum front-end sales load of 5.25%. In fiscal 2026 the fund paid $2.2M in broker commissions, 0.0462% of average net assets, and portfolio turnover was 145%.
C000051319 Fees and Expenses
Annual operating expenses and sales charges of C000051319. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.13% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.51% |
| 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 |
C000051319 Costs Over Time
On $10,000 invested in C000051319, assuming 5% a year before costs, total costs come to $1,582 over 5 years, cutting the return by 2.74% 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 1.51%) | $150 | $466 | $803 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $26 | $107 | $229 |
| Total costs | $706 | $1,112 | $1,582 |
| Value after costs | $9,794 | $10,464 | $11,181 |
| Impact on return, per year | 7.06% | 3.48% | 2.74% |
C000051319 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): 0.0462%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $12.5B
- Portfolio turnover (prospectus): 145%
- Securities on loan, average value: $170.7M
- Net income from securities lending: $795K (0.017% of average net assets)
C000051319 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $826K | 40.12% |
| SG AMERICAS SECURITIES LLC | $376K | 18.27% |
| UBS Securities LLC | $197K | 9.57% |
| CitiGroup Global Markets Inc. | $158K | 7.67% |
| RBC CAPITAL MARKETS, LLC | $136K | 6.59% |
| MORGAN STANLEY & CO. LLC | $103K | 4.99% |
| BARCLAYS CAPITAL, INC. | $87K | 4.22% |
| BOFA SECURITIES, INC. | $66K | 3.21% |
| GOLDMAN SACHS & CO. LLC | $65K | 3.16% |
| HSBC SECURITIES (USA) INC. | $45K | 2.20% |
C000051319 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $7.8B | 63.60% |
| J.P. Morgan Securities LLC | $1.9B | 15.39% |
| CitiGroup Global Markets Inc. | $548.7M | 4.46% |
| UBS SECURITIES LLC | $506.5M | 4.11% |
| SG AMERICAS SECURITIES, LLC | $506.1M | 4.11% |
| BNY MELLON CAPITAL MARKETS, LLC | $285.5M | 2.32% |
| BARCLAYS CAPITAL, INC. | $255.9M | 2.08% |
| MORGAN STANLEY & CO. LLC | $200.9M | 1.63% |
| GOLDMAN SACHS & CO. LLC | $192.3M | 1.56% |
| BOFA SECURITIES, INC. | $90.5M | 0.74% |
BlackRock Event Driven Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000051321 | Institutional Class | 1.26% | none |
| C000051319 | Investor A | 1.51% | 5.25% |
| C000051320 | Investor C | 2.27% | 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.