C000186832 Fees and Costs — BlackRock GA Dynamic Equity Fund, Class K
Data updated: 2025-09-24
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $966K in broker commissions, 0.0836% of average net assets, and portfolio turnover was 101%.
C000186832 Fees and Expenses
Annual operating expenses and sales charges of C000186832. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| 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 |
C000186832 Costs Over Time
On $10,000 invested in C000186832, assuming 5% a year before costs, total costs come to $349 over 5 years, cutting the return by 0.58% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $191 | $349 |
| Value after costs | $10,442 | $11,385 | $12,413 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000186832 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): 0.0836%
- Total broker commissions: $966K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
C000186832 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $199K | 22.41% |
| Jefferies LLC | $124K | 14.00% |
| Goldman Sachs & Co. LLC | $99K | 11.12% |
| Nomura Securities International, Inc. | $93K | 10.44% |
| BofA Securities, Inc. | $79K | 8.91% |
| Morgan Stanley & Co. LLC | $79K | 8.88% |
| UBS Securities LLC | $71K | 8.06% |
| J.P. Morgan Securities LLC | $69K | 7.77% |
| Barclays Capital Inc. | $38K | 4.27% |
| Cowen and Company, LLC | $37K | 4.14% |
C000186832 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds - T-Fund | $1.3B | 91.01% |
| J.P. Morgan Securities LLC | $99.1M | 7.14% |
| Goldman Sachs & Co. LLC | $21.7M | 1.56% |
| Barclays Capital Inc. | $1.6M | 0.11% |
| Morgan Stanley & Co. LLC | $1.4M | 0.10% |
| Citigroup Global Markets Inc. | $968K | 0.07% |
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.