C000103256 Fees and Costs — BlackRock Advantage Emerging Markets Fund, Investor A
Data updated: 2026-09-25
The net expense ratio is 1.17%: a 0.80% management fee, a 0.25% 12b-1 fee plus 1.35% other expenses, less a 1.24% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2026 the fund paid $117K in broker commissions, 0.1784% of average net assets, and portfolio turnover was 224%.
C000103256 Fees and Expenses
Annual operating expenses and sales charges of C000103256. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.35% |
| Gross expense ratio | 2.41% |
| Fee waiver | −1.24% |
| Net expense ratio | 1.17% |
| 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 |
C000103256 Costs Over Time
On $10,000 invested in C000103256, assuming 5% a year before costs, total costs come to $1,464 over 5 years, cutting the return by 2.53% 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 1.17%) | $116 | $362 | $625 |
| Trading costs (broker commissions) | $18 | $55 | $95 |
| Lost growth on money paid in costs | $26 | $103 | $218 |
| Total costs | $685 | $1,045 | $1,464 |
| Value after costs | $9,815 | $10,531 | $11,299 |
| Impact on return, per year | 6.85% | 3.26% | 2.53% |
C000103256 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1784%
- Total broker commissions: $117K
- Bought from dealers (principal trades, not a cost): $224.1M
- Portfolio turnover (prospectus): 224%
- Securities on loan, average value: $44K
- Net income from securities lending: $4K (0.006% of average net assets)
C000103256 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $24K | 22.92% |
| Morgan Stanley & Co. LLC | $22K | 21.35% |
| UBS Securities LLC | $12K | 11.75% |
| Goldman Sachs & Co. LLC | $10K | 9.64% |
| Macquarie Capital (USA) Inc. | $8K | 7.66% |
| CLSA Americas, LLC | $7K | 6.44% |
| Citigroup Global Markets Inc. | $7K | 6.33% |
| BofA Securities, Inc. | $6K | 5.86% |
| Jefferies LLC | $5K | 4.62% |
| Nomura Securities International, Inc. | $4K | 3.44% |
C000103256 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds - T-Fund | $224.1M | 100.00% |
| Morgan Stanley & Co. LLC | $12 | 0.00% |
BlackRock Advantage Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000198231 | Class K | 0.83% | — |
| C000103258 | Institutional Class | 0.87% | none |
| C000103256 | Investor A | 1.17% | 5.25% |
| C000103257 | Investor C | 1.92% | 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.