CMVIX Fees and Costs — BlackRock Advantage Large Cap Growth Fund, Institutional Class
Data updated: 2026-09-24
The net expense ratio is 0.62%: a 0.56% management fee plus 0.20% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $103K in broker commissions, 0.0063% of average net assets, and portfolio turnover was 98%.
CMVIX Fees and Expenses
Annual operating expenses and sales charges of CMVIX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.62% |
| 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 | No |
CMVIX Costs Over Time
On $10,000 invested in CMVIX, assuming 5% a year before costs, total costs come to $395 over 5 years, cutting the return by 0.66% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $216 | $395 |
| Value after costs | $10,434 | $11,360 | $12,368 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
CMVIX 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): 0.0063%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): $493.5M
- Portfolio turnover (prospectus): 98%
- Securities on loan, average value: $103K
- Net income from securities lending: $4K (0.000% of average net assets)
CMVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $21K | 21.16% |
| UBS Securities LLC | $13K | 12.88% |
| MORGAN STANLEY & CO. LLC | $12K | 12.60% |
| BNP Paribas Securities Corp. | $11K | 10.80% |
| CitiGroup Global Markets Inc. | $9K | 9.29% |
| J.P. Morgan Securities LLC | $9K | 8.91% |
| BOFA SECURITIES, INC. | $9K | 8.82% |
| BARCLAYS CAPITAL, INC. | $7K | 7.56% |
| JEFFERIES LLC | $6K | 6.56% |
| RBC CAPITAL MARKETS, LLC | $1K | 1.42% |
CMVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $487.6M | 98.80% |
| Direct Access Partners LLC | $4.5M | 0.92% |
| MORGAN STANLEY & CO. LLC | $901K | 0.18% |
| GOLDMAN SACHS & CO. LLC | $481K | 0.10% |
| J.P. Morgan Securities LLC | $659 | 0.00% |
BlackRock Advantage Large Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000198239 | Class K | 0.57% | — |
| CMVIX | Institutional Class | 0.62% | none |
| BMCAX | Investor A | 0.87% | 5.25% |
| C000037656 | Class R | 1.12% | none |
| BMCCX | Investor C | 1.62% | 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.