C000186831 Fees and Costs — BlackRock GA Disciplined Volatility Equity Fund, Class K
Data updated: 2025-09-24
The net expense ratio is 0.51%: a 0.40% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.0M in broker commissions, 0.1488% of average net assets, and portfolio turnover was 196%.
C000186831 Fees and Expenses
Annual operating expenses and sales charges of C000186831. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.51% |
| Fee waiver | — |
| Net expense ratio | 0.51% |
| 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 |
C000186831 Costs Over Time
On $10,000 invested in C000186831, assuming 5% a year before costs, total costs come to $415 over 5 years, cutting the return by 0.69% 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 0.51%) | $54 | $168 | $292 |
| Trading costs (broker commissions) | $16 | $49 | $85 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $227 | $415 |
| Value after costs | $10,431 | $11,349 | $12,348 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
C000186831 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1488%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $741.4M
- Portfolio turnover (prospectus): 196%
- Securities lending: none during the year
C000186831 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $198K | 22.68% |
| Morgan Stanley & Co. LLC | $163K | 18.58% |
| UBS Securities LLC | $127K | 14.47% |
| Jefferies LLC | $100K | 11.44% |
| J.P. Morgan Securities LLC | $56K | 6.39% |
| RBC Capital Markets, LLC | $52K | 5.96% |
| Macquarie Capital (USA) Inc. | $51K | 5.84% |
| CLSA Americas, LLC | $49K | 5.59% |
| Daiwa Capital Markets America Inc. | $42K | 4.82% |
| Nomura Securities International, Inc. | $37K | 4.23% |
C000186831 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds - T-Fund | $741.4M | 100.00% |
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.