C000166011 Fees and Costs — BlackRock 40/60 Target Allocation Fund, Class K
Data updated: 2026-08-27
The net expense ratio is 0.32% (0.39% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $79K in broker commissions, 0.0128% of average net assets, and portfolio turnover was 47%.
C000166011 Fees and Expenses
Annual operating expenses and sales charges of C000166011. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.39% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.32% |
| 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 | No |
C000166011 Costs Over Time
On $10,000 invested in C000166011, assuming 5% a year before costs, total costs come to $211 over 5 years, cutting the return by 0.35% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $115 | $211 |
| Value after costs | $10,465 | $11,461 | $12,552 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
C000166011 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0128%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): $132.0M
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $24.5M
- Net income from securities lending: $157K (0.025% of average net assets)
C000166011 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $25K | 31.98% |
| GOLDMAN SACHS & CO. LLC | $16K | 20.48% |
| BOFA SECURITIES, INC. | $13K | 17.20% |
| CITADEL SECURITIES LLC | $10K | 12.72% |
| J.P. Morgan Securities LLC | $4K | 5.67% |
| MORGAN STANLEY & CO. LLC | $3K | 3.75% |
| Flow Traders U.S. LLC | $2K | 2.55% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 2.53% |
| UBS Securities LLC | $1K | 1.60% |
| JEFFERIES LLC | $1K | 1.53% |
C000166011 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Master Bond LLC Master Total Return Portfolio | $258.7M | 37.81% |
| BlackRock Liquidity Funds T-Fund | $121.7M | 17.79% |
| BOFA SECURITIES, INC. | $100.1M | 14.63% |
| BlackRock Funds V BlackRock Strategic Income Opportunities Portfolio | $53.9M | 7.88% |
| BlackRock Sustainable Advantage Large Cap Core Fund | $46.9M | 6.85% |
| BlackRock Unconstrained Equity Fund | $37.4M | 5.47% |
| Jane Street Execution Services, LLC | $31.9M | 4.66% |
| BlackRock U.S. Mortgage Portfolio | $20.5M | 3.00% |
| BlackRock Emerging Markets Fund, Inc. | $13.1M | 1.91% |
BlackRock 40/60 Target Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000166011 | Class K | 0.32% | — |
| C000050742 | Institutional Class | 0.34% | none |
| C000050743 | Investor A | 0.68% | 5.25% |
| C000050745 | Class R | 0.84% | none |
| C000050744 | Investor C | 1.41% | 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.