C000220892 Fees and Costs — BlackRock Sustainable Aware Advantage Emerging Markets Equity Fund, Investor A
Data updated: 2026-09-25
The net expense ratio is 1.12%: a 0.80% management fee, a 0.25% 12b-1 fee plus 2.95% other expenses, less a 2.89% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2026 the fund paid $18K in broker commissions, 0.1304% of average net assets, and portfolio turnover was 140%.
C000220892 Fees and Expenses
Annual operating expenses and sales charges of C000220892. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.95% |
| Gross expense ratio | 4.01% |
| Fee waiver | −2.89% |
| Net expense ratio | 1.12% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000220892 Costs Over Time
On $10,000 invested in C000220892, assuming 5% a year before costs, total costs come to $1,407 over 5 years, cutting the return by 2.43% 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 | $525 | $525 | $525 |
| Fund expenses (net expense ratio 1.12%) | $111 | $347 | $600 |
| Trading costs (broker commissions) | $13 | $40 | $70 |
| Lost growth on money paid in costs | $26 | $102 | $213 |
| Total costs | $676 | $1,014 | $1,407 |
| Value after costs | $9,824 | $10,562 | $11,355 |
| Impact on return, per year | 6.76% | 3.16% | 2.43% |
C000220892 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): 0.1304%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $14.8M
- Portfolio turnover (prospectus): 140%
- Securities on loan, average value: $25K
- Net income from securities lending: $2K (0.017% of average net assets)
C000220892 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4K | 26.58% |
| Morgan Stanley & Co. LLC | $3K | 19.74% |
| Goldman Sachs & Co. LLC | $2K | 12.34% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2K | 10.06% |
| Citigroup Global Markets Inc. | $1K | 8.47% |
| Jefferies LLC | $880 | 5.68% |
| HSBC Securities (USA) Inc. | $786 | 5.08% |
| Macquarie Capital (USA) Inc. | $654 | 4.22% |
| CLSA Americas, LLC | $644 | 4.16% |
| Credit Agricole Securities (USA) Inc. | $569 | 3.67% |
C000220892 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $14.5M | 98.38% |
| J.P. Morgan Securities LLC | $239K | 1.62% |
BlackRock Sustainable Aware Advantage Emerging Markets Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000220891 | Class K | 0.82% | — |
| C000220890 | Institutional Class | 0.87% | none |
| C000220892 | Investor A | 1.12% | 5.25% |
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.