10/30/2024 | Press release | Distributed by Public on 10/30/2024 14:39
Summary Prospectus
|
Shareholder Fees
(fees paid directly from your investment)
|
Investor A
Shares
|
Investor C
Shares
|
Institutional
Shares
|
Class R
Shares
|
||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage
of offering price)
|
5.25%
|
None
|
None
|
None
|
||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering
price or redemption proceeds, whichever is lower)
|
None1
|
1.00%2
|
None
|
None
|
||||
Annual Fund Operating Expenses
(expenses that you pay each year as a
percentage of the value of your investment)
|
Investor A
Shares
|
Investor C
Shares
|
Institutional
Shares
|
Class R
Shares
|
||||
Management Fee3
|
0.66%
|
0.66%
|
0.66%
|
0.66%
|
||||
Distribution and/or Service (12b-1) Fees
|
0.25%
|
1.00%
|
None
|
0.50%
|
||||
Other Expenses
|
0.35%
|
0.44%
|
0.32%
|
0.44%
|
||||
Total Annual Fund Operating Expenses
|
1.26%
|
2.10%
|
0.98%
|
1.60%
|
||||
Fee Waivers and/or Expense Reimbursements3,4
|
(0.30)%
|
(0.39)%
|
(0.27)%
|
(0.39)%
|
||||
Total Annual Fund Operating Expenses After Fee Waivers and/or
Expense Reimbursements3,4
|
0.96%
|
1.71%
|
0.71%
|
1.21%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Investor A Shares
|
$618
|
$876
|
$1,153
|
$1,943
|
Investor C Shares
|
$274
|
$620
|
$1,093
|
$2,185
|
Institutional Shares
|
$73
|
$285
|
$515
|
$1,177
|
Class R Shares
|
$123
|
$467
|
$834
|
$1,867
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Investor C Shares
|
$174
|
$620
|
$1,093
|
$2,185
|
For the periods ended 12/31/23
Average Annual Total Returns
|
1 Year
|
5 Years
|
10 Years
|
BlackRock Advantage Global Fund - Investor A Shares
|
|||
Return Before Taxes
|
15.99
%
|
10.18
%
|
6.08
%
|
Return After Taxes on Distributions
|
15.56
%
|
8.49
%
|
3.82
%
|
Return After Taxes on Distributions and Sale of Fund Shares
|
9.70
%
|
7.55
%
|
4.06
%
|
BlackRock Advantage Global Fund - Investor C Shares
|
|||
Return Before Taxes
|
20.47
%
|
10.55
%
|
5.99
%
|
BlackRock Advantage Global Fund - Institutional Shares
|
|||
Return Before Taxes
|
22.73
%
|
11.67
%
|
6.96
%
|
BlackRock Advantage Global Fund - Class R Shares
|
|||
Return Before Taxes
|
22.09
%
|
11.11
%
|
6.34
%
|
MSCI All Country World Index
(Reflects no deductions for fees, expenses or taxes)
|
22.20
%
|
11.72
%
|
7.93
%
|
Portfolio Manager
|
Portfolio Manager
of the Fund Since
|
Title
|
Raffaele Savi
|
2017
|
Senior Managing Director of BlackRock, Inc.
|
Kevin Franklin
|
2017
|
Managing Director of BlackRock, Inc.
|
Richard Mathieson
|
2017
|
Managing Director of BlackRock, Inc.
|
Investor A and
Investor C Shares
|
Institutional Shares
|
Class R Shares
|
|
Minimum Initial
Investment
|
$1,000 for all accounts except:
•$50, if establishing an Automatic
Investment Plan.
•There is no investment minimum
for employer-sponsored
retirement plans (not including
SEP IRAs, SIMPLE IRAs or
SARSEPs).
•There is no investment minimum
for certain fee-based programs.
|
There is no minimum initial
investment for:
•Employer-sponsored retirement
plans (not including SEP IRAs,
SIMPLE IRAs or SARSEPs), state
sponsored 529 college savings
plans, collective trust funds,
investment companies or other
pooled investment vehicles,
unaffiliated thrifts and unaffiliated
banks and trust companies, each
of which may purchase shares of
the Fund through a Financial
Intermediary that has entered into
an agreement with the Fund's
distributor to purchase such
shares.
•Clients of Financial Intermediaries
that: (i) charge such clients a fee
for advisory, investment
consulting, or similar services or
(ii) have entered into an
agreement with the Fund's
distributor to offer Institutional
Shares through a no-load program
or investment platform.
•Clients investing through a self-
directed IRA brokerage account
program sponsored by a
retirement plan record-keeper,
provided that such program offers
only mutual fund options and that
the program maintains an account
with the Fund on an omnibus
basis.
$2 million for individuals and
"Institutional Investors," which
include, but are not limited to,
endowments, foundations, family
offices, local, city, and state
governmental institutions,
corporations and insurance
company separate accounts who
may purchase shares of the Fund
through a Financial Intermediary
that has entered into an agreement
with the Fund's distributor to
purchase such shares.
$1,000 for:
•Clients investing through Financial
Intermediaries that offer such
shares on a platform that charges
a transaction based sales
commission outside of the Fund.
•Tax-qualified accounts for
insurance agents that are
registered representatives of an
|
$100 for all accounts.
|
Investor A and
Investor C Shares
|
Institutional Shares
|
Class R Shares
|
|
Minimum Initial
Investment
(continued)
|
insurance company's broker-
dealer that has entered into an
agreement with the Fund's
distributor to offer Institutional
Shares, and the family members
of such persons.
|
||
Minimum Additional
Investment
|
$50 for all accounts (with the
exception of certain employer-
sponsored retirement plans which
may have a lower minimum).
|
No subsequent minimum.
|
No subsequent minimum.
|