C000228503 Fees and Costs — BlackRock SMID-Cap Growth Equity Fund, Class K
Data updated: 2025-08-11
The net expense ratio is 0.75%: a 0.70% management fee plus 0.32% other expenses, less a 0.27% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0148% of average net assets, and portfolio turnover was 36%.
C000228503 Fees and Expenses
Annual operating expenses and sales charges of C000228503. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.75% |
| 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 |
C000228503 Costs Over Time
On $10,000 invested in C000228503, assuming 5% a year before costs, total costs come to $481 over 5 years, cutting the return by 0.80% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $264 | $481 |
| Value after costs | $10,420 | $11,313 | $12,282 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
C000228503 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0148%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.8M
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $398K
- Net income from securities lending: $1K (0.010% of average net assets)
C000228503 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $527 | 35.37% |
| GOLDMAN SACHS & CO. LLC | $358 | 24.03% |
| TD SECURITIES (USA) LLC | $149 | 10.00% |
| BOFA SECURITIES, INC. | $135 | 9.06% |
| J.P. Morgan Securities LLC | $126 | 8.46% |
| JEFFERIES LLC | $53 | 3.56% |
| BARCLAYS CAPITAL, INC. | $41 | 2.75% |
| UBS Securities LLC | $35 | 2.35% |
| REDBURN (USA) LLC | $34 | 2.28% |
| CitiGroup Global Markets Inc. | $32 | 2.15% |
C000228503 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $1.8M | 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.