C000250247 Fees and Costs — BlackRock Unconstrained Equity Fund, Class K
Data updated: 2026-09-25
The net expense ratio is 0.86%: a 0.80% management fee plus 0.07% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $348K in broker commissions, 0.0344% of average net assets, and portfolio turnover was 79%.
C000250247 Fees and Expenses
Annual operating expenses and sales charges of C000250247. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.86% |
| 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 |
C000250247 Costs Over Time
On $10,000 invested in C000250247, assuming 5% a year before costs, total costs come to $561 over 5 years, cutting the return by 0.94% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $15 | $51 |
| Total costs | $94 | $308 | $561 |
| Value after costs | $10,406 | $11,268 | $12,202 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
C000250247 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): 0.0344%
- Total broker commissions: $348K
- Bought from dealers (principal trades, not a cost): $861.9M
- Portfolio turnover (prospectus): 79%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $6K (0.001% of average net assets)
C000250247 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $112K | 34.67% |
| J.P. Morgan Securities LLC | $48K | 14.87% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $39K | 12.26% |
| Morgan Stanley & Co. LLC | $35K | 10.89% |
| Citigroup Global Markets Inc. | $28K | 8.59% |
| UBS Securities LLC | $20K | 6.19% |
| Barclays Capital, Inc. | $18K | 5.59% |
| Cantor Fitzgerald & Co. | $8K | 2.60% |
| BofA Securities, Inc. | $7K | 2.23% |
| Jefferies LLC | $7K | 2.11% |
C000250247 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $791.4M | 91.82% |
| J.P. Morgan Securities LLC | $70.5M | 8.18% |
BlackRock Unconstrained 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 |
|---|---|---|---|
| C000250247 | Class K | 0.86% | — |
| C000007415 | Institutional Class | 0.95% | none |
| C000007412 | Investor A | 1.19% | 5.25% |
| C000047292 | Class R | 1.45% | none |
| C000007414 | Investor C | 1.95% | 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.