C000166017 Fees and Costs — BlackRock Global Equity Market Neutral Fund, Class K
Data updated: 2026-08-24
The net expense ratio is 1.25%: a 1.15% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.2M in broker commissions, 0.0417% of average net assets, and portfolio turnover was 113%.
C000166017 Fees and Expenses
Annual operating expenses and sales charges of C000166017. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| 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 |
C000166017 Costs Over Time
On $10,000 invested in C000166017, assuming 5% a year before costs, total costs come to $803 over 5 years, cutting the return by 1.36% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $443 | $803 |
| Value after costs | $10,364 | $11,133 | $11,960 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
C000166017 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): 0.0417%
- Total broker commissions: $3.2M
- Bought from dealers (principal trades, not a cost): $57.5B
- Portfolio turnover (prospectus): 113%
- Securities lending: none during the year
C000166017 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $986K | 31.66% |
| Barclays Capital Inc. | $859K | 27.59% |
| UBS Securities LLC | $496K | 15.94% |
| CLSA Americas, LLC | $269K | 8.62% |
| Goldman Sachs & Co. LLC | $152K | 4.87% |
| CICC US Securities, Inc. | $150K | 4.83% |
| J.P. Morgan Securities LLC | $136K | 4.38% |
| Citigroup Global Markets Inc. | $41K | 1.32% |
| BNY Capital Markets, LLC | $13K | 0.40% |
| Daiwa Capital Markets America Inc. | $12K | 0.39% |
C000166017 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $30.6B | 54.10% |
| Barclays Capital Inc. | $11.3B | 19.95% |
| Citigroup Global Markets Inc. | $4.5B | 7.98% |
| J.P. Morgan Securities LLC | $3.8B | 6.69% |
| Deutsche Bank Securities Inc. | $2.4B | 4.15% |
| BlackRock Liquidity Funds - T-Fund | $1.7B | 2.93% |
| Wells Fargo Securities, LLC | $763.1M | 1.35% |
| Nomura Securities International, Inc. | $629.8M | 1.11% |
| Goldman Sachs & Co. LLC | $510.6M | 0.90% |
| BMO Capital Markets Corp. | $476.8M | 0.84% |
BlackRock Global Equity Market Neutral Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000166017 | Class K | 1.25% | — |
| C000121567 | Institutional Class | 1.34% | none |
| C000121568 | Investor A | 1.59% | 5.25% |
| C000121569 | Investor C | 2.31% | 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.