CMGSX Fees and Costs — BlackRock Mid-Cap Growth Equity Portfolio, Service Class
Data updated: 2026-09-25
The net expense ratio is 1.05%: a 0.64% management fee, a 0.25% 12b-1 fee plus 0.27% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.7M in broker commissions, 0.0539% of average net assets, and portfolio turnover was 122%.
CMGSX Fees and Expenses
Annual operating expenses and sales charges of CMGSX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.05% |
| 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 |
CMGSX Costs Over Time
On $10,000 invested in CMGSX, assuming 5% a year before costs, total costs come to $689 over 5 years, cutting the return by 1.16% 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 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $379 | $689 |
| Value after costs | $10,384 | $11,197 | $12,074 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
CMGSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0539%
- Total broker commissions: $3.7M
- Bought from dealers (principal trades, not a cost): $3.9B
- Portfolio turnover (prospectus): 122%
- Securities on loan, average value: $179.5M
- Net income from securities lending: $503K (0.007% of average net assets)
CMGSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $896K | 24.54% |
| GOLDMAN SACHS & CO. LLC | $798K | 21.85% |
| MORGAN STANLEY & CO. LLC | $677K | 18.53% |
| J.P. Morgan Securities LLC | $426K | 11.65% |
| BOFA SECURITIES, INC. | $317K | 8.68% |
| BARCLAYS CAPITAL, INC. | $227K | 6.21% |
| UBS Securities LLC | $93K | 2.55% |
| JEFFERIES LLC | $93K | 2.54% |
| TD SECURITIES (USA) LLC | $66K | 1.81% |
| KEYBANC CAPITAL MARKETS, INC. | $60K | 1.64% |
CMGSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $3.5B | 89.41% |
| MORGAN STANLEY & CO. LLC | $94.5M | 2.40% |
| GOLDMAN SACHS & CO. LLC | $89.9M | 2.28% |
| RBC CAPITAL MARKETS, LLC | $80.8M | 2.05% |
| CitiGroup Global Markets Inc. | $72.5M | 1.84% |
| OPPENHEIMER & CO. INC. | $42.5M | 1.08% |
| BOFA SECURITIES, INC. | $20.6M | 0.52% |
| JEFFERIES LLC | $11.6M | 0.30% |
| UBS SECURITIES LLC | $4.7M | 0.12% |
BlackRock Mid-Cap Growth Equity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000166016 | Class K | 0.73% | — |
| CMGIX | Institutional Class | 0.80% | none |
| BMGAX | Investor A | 1.05% | 5.25% |
| CMGSX | Service Class | 1.05% | — |
| BMRRX | Class R | 1.30% | none |
| BMGCX | Investor C | 1.80% | 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.