C000202265 Fees and Costs — BlackRock Strategic Income Opportunities Portfolio, Investor C
Data updated: 2026-08-25
The net expense ratio is 1.70%: a 0.45% management fee, a 1.00% 12b-1 fee plus 0.25% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $13.8M in broker commissions, 0.0324% of average net assets, and portfolio turnover was 1006%.
C000202265 Fees and Expenses
Annual operating expenses and sales charges of C000202265. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000202265 Costs Over Time
On $10,000 invested in C000202265, assuming 5% a year before costs, total costs come to $1,068 over 5 years, cutting the return by 1.82% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.70%) | $178 | $553 | $951 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $285 | $591 | $1,068 |
| Value after costs | $10,215 | $10,985 | $11,695 |
| Impact on return, per year | 2.85% | 1.82% | 1.82% |
C000202265 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0324%
- Total broker commissions: $13.8M
- Bought from dealers (principal trades, not a cost): $1.16T
- Portfolio turnover (prospectus): 1006%
- Securities on loan, average value: $390.6M
- Net income from securities lending: $2.9M (0.007% of average net assets)
C000202265 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3.1M | 25.49% |
| Citigroup Global Markets Inc. | $1.9M | 15.87% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $1.3M | 10.72% |
| J.P. Morgan Securities LLC | $1.3M | 10.47% |
| Barclays Capital, Inc. | $1.2M | 9.86% |
| Morgan Stanley & Co. LLC | $1.2M | 9.43% |
| UBS Securities LLC | $893K | 7.28% |
| BofA Securities, Inc. | $548K | 4.47% |
| Jefferies LLC | $395K | 3.22% |
| BNP Paribas Securities Corp. | $393K | 3.20% |
C000202265 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $198.0B | 17.79% |
| BofA Securities, Inc. | $194.4B | 17.46% |
| Morgan Stanley & Co. LLC | $159.5B | 14.32% |
| Goldman Sachs & Co. LLC | $133.1B | 11.95% |
| Wells Fargo Securities, LLC | $118.2B | 10.62% |
| Barclays Capital, Inc. | $115.7B | 10.39% |
| Citigroup Global Markets Inc. | $112.4B | 10.10% |
| Mizuho Securities USA LLC | $42.0B | 3.77% |
| BlackRock Liquidity Funds T-Fund | $23.1B | 2.07% |
| BNP Paribas Securities Corp. | $17.2B | 1.54% |
BlackRock Strategic Income Opportunities Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000202267 | Class K | 0.63% | — |
| C000202266 | Institutional Class | 0.72% | none |
| C000202264 | Investor A | 0.98% | 4.00% |
| C000202265 | Investor C | 1.70% | 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.