If you choose to buy Investor A shares, generally a sales charge is paid at the time of purchase. Depending on the amount of the purchase, you may qualify for a reduction in the sales charge. You may also qualify for a complete waiver of the sales charge on Investor A shares or of the contingent deferred sales charge on Investor C shares under certain circumstances.
*$250K NAV Breakpoints are not applicable to CollegeAdvantage 529.
Investor A Shares—Purchased with varying initial sales charges, depending on the fund and investment amount, and provide up-front commissions and ongoing trails that begin immediately.
Applicable to | Max. sales charge (%) | Breakpoint schedule | Sales charge (%) | Dealer reallowance1,2 (%) | Trail (%) |
---|---|---|---|---|---|
Event Driven Equity Fund | 5.25 | Less than $25,000 | 5.25 | 5.00 | 0.25 |
$25,000 but less than $50,000 | 4.75 | 4.50 | |||
$50,000 but less than $100,000 | 4.00 | 3.75 | |||
$100,000 but less than $250,000 | 3.00 | 2.75 | |||
$250,000+ | NAV3 | 4 | |||
All other Equity | 5.25 | Less than $25,000 | 5.25 | 5.00 | 0.25 |
$25,000 but less than $50,000 | 4.75 | 4.50 | |||
$50,000 but less than $100,000 | 4.00 | 3.75 | |||
$100,000 but less than $250,000 | 3.00 | 2.75 | |||
$250,000 but less than $500,000 | 2.50 | 2.25 | |||
$500,000 but less than $750,000 | 2.00 | 1.75 | |||
$750,000 but less than $1,000,000 | 1.50 | 1.25 | |||
$1,000,000+ | NAV3 | 4 |
The Investor A front-end sales charges can be reduced or eliminated through one or a combination of the following: the Right of Accumulation, a Letter of Intent, the Reinstatement Privilege, quantity discounts or an applicable waiver of the sales charge. If you redeem Investor A or Institutional shares and within 90 days buy new Investor A Shares of the same or another fund, you will not pay a sales charge on the new purchase amount. The amount eligible for this "Reinstatement Privilege" may not exceed the amount of your redemption proceeds and is only allowed once per year.
See the funds' prospectuses for more information.
1 The Distributor may pay a dealer reallowance or placement fee to the dealer as shown on NAV purchases of Investor A Shares of $1 million or more. However, there is a CDSC (contingent deferred sales charge) of up to 1.00% of the offering price or the NAV of the shares on the redemption date (whichever is less) for shares redeemed within 18 months of purchase.
2 Listed are the front-end sales loads reallowed to dealers as a percentage of the offering price of certain of the funds’ Non Money Market Investor A Shares. In cases where the Distributor acts as a dealer, it will not receive a placement fee on NAV purchases of more than $1 million of Investor A Shares. The dealer reallowance indicated will apply up to the indicated breakpoint (so that, for example, a sale of $4 million worth of Investor A Shares in an equity fund will result in a placement fee of 1.00% on the first $3 million and 0.50% on the final $1 million).
3 NAV purchases on most equity and multi-asset funds will be subject to a 1.00% charge if liquidated within 18 months of purchase.
4The following reallowance/placement fee to dealers will apply to most Multi-Asset Funds: 1.00% on $1,000,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000 and above; BlackRock Balanced Capital / BlackRock Multi-Asset Income / BlackRock Dynamic High Income: 0.75% on $250,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000 and above; BlackRock Tactical Opportunities: 0.75% on $1,000,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000 and above; BlackRock Global Allocation: 1.00% on $250,000 to $2,999,999, 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000 and above; BlackRock Managed Income: 0.50% on $250,000 to $2,999,999, 0.25% on $3,000,000 to $14,999,999, 0.15% on $15,000,000 and above. If a dealer waives its right to receive a dealer reallowance, the fund may, at its own discretion, waive the CDSC related to NAV purchases of Investor A Shares.