C000232954 Fees and Costs — BlackRock Global Equity Absolute Return Fund, Institutional Class
Data updated: 2025-06-13
The net expense ratio is 1.98% (5.63% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0660% of average net assets, and portfolio turnover was 84%.
C000232954 Fees and Expenses
Annual operating expenses and sales charges of C000232954. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.76% |
| Gross expense ratio | 5.63% |
| Fee waiver | −3.65% |
| Net expense ratio | 1.98% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
C000232954 Costs Over Time
On $10,000 invested in C000232954, assuming 5% a year before costs, total costs come to $1,253 over 5 years, cutting the return by 2.15% 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 1.98%) | $208 | $642 | $1,101 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $33 | $116 |
| Total costs | $215 | $696 | $1,253 |
| Value after costs | $10,285 | $10,880 | $11,510 |
| Impact on return, per year | 2.15% | 2.15% | 2.15% |
C000232954 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0660%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $17.8M
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $0
- Net income from securities lending: $12 (0.000% of average net assets)
C000232954 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2K | 27.64% |
| MORGAN STANLEY & CO. LLC | $1K | 22.69% |
| HSBC SECURITIES (USA) INC. | $897 | 14.16% |
| CitiGroup Global Markets Inc. | $893 | 14.10% |
| BOFA SECURITIES, INC. | $417 | 6.58% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $262 | 4.14% |
| UBS Securities LLC | $200 | 3.16% |
| J.P. Morgan Securities LLC | $186 | 2.94% |
| JEFFERIES LLC | $163 | 2.57% |
| CANTOR FITZGERALD & CO. | $128 | 2.02% |
C000232954 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $17.8M | 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.