C000119004 Fees and Costs — BlackRock Short Obligations Fund, Class K
Data updated: 2026-10-14
The net expense ratio is 0.30%: a 0.25% management fee plus 0.09% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 59%.
C000119004 Fees and Expenses
Annual operating expenses and sales charges of C000119004. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.34% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
C000119004 Costs Over Time
On $10,000 invested in C000119004, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
C000119004 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.7B
- Portfolio turnover (prospectus): 59%
C000119004 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $944.6M | 28.28% |
| BofA Securities, Inc. | $563.9M | 16.89% |
| Pershing LLC | $411.9M | 12.33% |
| Barclays Capital, Inc. | $271.0M | 8.11% |
| Goldman Sachs & Co. LLC | $236.3M | 7.08% |
| Citigroup Global Markets Inc. | $220.4M | 6.60% |
| RBC Capital Markets, LLC | $213.7M | 6.40% |
| MUFG Securities Americas Inc. | $184.5M | 5.52% |
| Wells Fargo Securities, LLC | $183.8M | 5.50% |
| Truist Securities, Inc. | $109.7M | 3.28% |
BlackRock Short Obligations Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000119004 | Class K | 0.30% | — |
| C000129315 | Institutional Class | 0.35% | none |
| C000198747 | Investor A | 0.60% | 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.