C000118599 Fees and Costs — BlackRock Real Estate Securities Fund, Investor A
Data updated: 2026-09-23
The net expense ratio is 1.00%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.34% other expenses, less a 0.34% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2026 the fund paid $425K in broker commissions, 0.1242% of average net assets, and portfolio turnover was 129%.
C000118599 Fees and Expenses
Annual operating expenses and sales charges of C000118599. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.34% |
| 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 |
C000118599 Costs Over Time
On $10,000 invested in C000118599, assuming 5% a year before costs, total costs come to $1,335 over 5 years, cutting the return by 2.29% 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 | $537 |
| Trading costs (broker commissions) | $12 | $39 | $67 |
| Lost growth on money paid in costs | $26 | $100 | $206 |
| Total costs | $663 | $974 | $1,335 |
| Value after costs | $9,837 | $10,603 | $11,428 |
| Impact on return, per year | 6.63% | 3.03% | 2.29% |
C000118599 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1242%
- Total broker commissions: $425K
- Bought from dealers (principal trades, not a cost): $227.8M
- Portfolio turnover (prospectus): 129%
- Securities on loan, average value: $442K
- Net income from securities lending: $917 (0.000% of average net assets)
C000118599 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $80K | 20.57% |
| BOFA SECURITIES, INC. | $63K | 16.07% |
| JEFFERIES LLC | $44K | 11.13% |
| J.P. Morgan Securities LLC | $43K | 10.93% |
| UBS Securities LLC | $38K | 9.67% |
| GOLDMAN SACHS & CO. LLC | $35K | 8.99% |
| MORGAN STANLEY & CO. LLC | $33K | 8.37% |
| CITIGROUP GLOBAL MARKETS INC. | $32K | 8.27% |
| BTIG, LLC | $13K | 3.31% |
| RBC CAPITAL MARKETS, LLC | $10K | 2.67% |
C000118599 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $217.8M | 95.64% |
| BOFA SECURITIES, INC. | $4.2M | 1.86% |
| J.P. Morgan Securities LLC | $3.4M | 1.49% |
| TD SECURITIES (USA) LLC | $1.4M | 0.62% |
| MORGAN STANLEY & CO. LLC | $887K | 0.39% |
BlackRock Real Estate Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000118601 | Institutional Class | 0.75% | none |
| C000118599 | Investor A | 1.00% | 5.25% |
| C000118600 | 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.