C000141764 Fees and Costs — Blackstone Alternative Multi-Strategy Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 3.66% (3.68% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $10.3M in broker commissions, 0.2747% of average net assets, and portfolio turnover was 547%.
C000141764 Fees and Expenses
Annual operating expenses and sales charges of C000141764. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.21% |
| Gross expense ratio | 3.68% |
| Fee waiver | −0.02% |
| Net expense ratio | 3.66% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000141764 Costs Over Time
On $10,000 invested in C000141764, assuming 5% a year before costs, total costs come to $2,321 over 5 years, cutting the return by 4.13% 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 3.66%) | $384 | $1,163 | $1,955 |
| Trading costs (broker commissions) | $29 | $87 | $147 |
| Lost growth on money paid in costs | $0 | $63 | $219 |
| Total costs | $413 | $1,313 | $2,321 |
| Value after costs | $10,087 | $10,263 | $10,442 |
| Impact on return, per year | 4.13% | 4.13% | 4.13% |
C000141764 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2747%
- Total broker commissions: $10.3M
- Bought from dealers (principal trades, not a cost): $34.6B
- Portfolio turnover (prospectus): 547%
- Securities lending: none during the year
C000141764 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $2.2M | 30.49% |
| Goldman Sachs & Co. LLC | $1.1M | 15.02% |
| Jefferies LLC | $968K | 13.20% |
| J.P. Morgan Securities LLC | $881K | 12.01% |
| BofA Securities, Inc. | $510K | 6.95% |
| UBS Securities LLC | $463K | 6.31% |
| RBC Capital Markets, LLC | $433K | 5.90% |
| SMBC Nikko Securities America, Inc. | $276K | 3.76% |
| Virtu Americas LLC | $245K | 3.34% |
| Mizuho Securities USA LLC | $222K | 3.02% |
C000141764 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $13.5B | 39.59% |
| BofA Securities, Inc. | $13.0B | 38.12% |
| J.P. Morgan Securities LLC | $5.6B | 16.57% |
| Goldman Sachs & Co. LLC | $1.2B | 3.49% |
| Barclays Capital Inc. | $212.9M | 0.63% |
| Citigroup Global Markets Inc. | $145.9M | 0.43% |
| Deutsche Bank Securities Inc. | $124.7M | 0.37% |
| Jefferies LLC | $106.6M | 0.31% |
| HSBC Securities (USA) Inc. | $91.1M | 0.27% |
| RBC Capital Markets, LLC | $77.2M | 0.23% |
Blackstone Alternative Multi-Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000145027 | Class Y | 3.58% | — |
| C000141764 | Class I | 3.66% | — |
| C000145025 | Class D | 3.91% | — |
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.