C000103250 Fees and Costs — BlackRock Commodity Strategies Fund, Investor A
Data updated: 2026-09-24
The net expense ratio is 1.00%: a 0.62% management fee, a 0.25% 12b-1 fee plus 0.28% other expenses, less a 0.15% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2026 the fund paid $229K in broker commissions, 0.0257% of average net assets, and portfolio turnover was 88%.
C000103250 Fees and Expenses
Annual operating expenses and sales charges of C000103250. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.00% |
| 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 |
C000103250 Costs Over Time
On $10,000 invested in C000103250, assuming 5% a year before costs, total costs come to $1,278 over 5 years, cutting the return by 2.19% 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 1.00%) | $99 | $310 | $538 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $26 | $99 | $201 |
| Total costs | $653 | $942 | $1,278 |
| Value after costs | $9,847 | $10,634 | $11,485 |
| Impact on return, per year | 6.53% | 2.93% | 2.19% |
C000103250 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): 0.0257%
- Total broker commissions: $229K
- Bought from dealers (principal trades, not a cost): $10.7B
- Portfolio turnover (prospectus): 88%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $65K (0.007% of average net assets)
C000103250 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $40K | 20.45% |
| MORGAN STANLEY & CO. LLC | $32K | 16.35% |
| BOFA SECURITIES, INC. | $23K | 11.88% |
| TD SECURITIES (USA) LLC | $20K | 10.13% |
| JEFFERIES LLC | $19K | 9.84% |
| BARCLAYS CAPITAL, INC. | $15K | 7.67% |
| RBC CAPITAL MARKETS, LLC | $14K | 7.20% |
| J.P. Morgan Securities LLC | $14K | 6.94% |
| NATIONAL BANK OF CANADA FINANCIAL INC. | $11K | 5.41% |
| GOLDMAN SACHS & CO. LLC | $8K | 4.13% |
C000103250 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SCOTIA CAPITAL (USA), INC. | $1.9B | 18.01% |
| J.P. Morgan Securities LLC | $1.9B | 17.84% |
| BARCLAYS CAPITAL, INC. | $1.8B | 16.79% |
| Wells Fargo Securities LLC | $1.4B | 12.77% |
| MORGAN STANLEY & CO. LLC | $1.0B | 9.45% |
| CITADEL SECURITIES LLC | $915.6M | 8.60% |
| BlackRock Liquidity Funds T-Fund | $705.5M | 6.63% |
| BMO Nesbitt Burns Securities Ltd. | $626.2M | 5.88% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $390.2M | 3.67% |
| GOLDMAN SACHS & CO. LLC | $36.4M | 0.34% |
BlackRock Commodity Strategies Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000198241 | Class K | 0.70% | — |
| C000103252 | Institutional Class | 0.75% | none |
| C000103250 | Investor A | 1.00% | 5.25% |
| C000103251 | Investor C | 1.75% | 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.