08/30/2024 | Press release | Distributed by Public on 08/30/2024 11:33
Summary Prospectus
|
Annual Fund Operating Expenses
(expenses that you pay each year as a
percentage of the value of your investment)
|
Institutional
Shares
|
|
Management Fee1
|
0.40
%
|
|
Distribution and/or Service (12b-1) Fees
|
None
|
|
Other Expenses
|
0.24
%
|
|
Acquired Fund Fees and Expenses2
|
0.02
%
|
|
Total Annual Fund Operating Expenses2
|
0.66
%
|
|
Fee Waivers and/or Expense Reimbursements1,3
|
(0.09
)%
|
|
Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements1,3
|
0.57
%
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
Institutional Shares
|
$58
|
$202
|
$359
|
$814
|
For the periods ended 12/31/23
Average Annual Total Returns
|
1 Year
|
5 Years
|
Since Inception
(June 1, 2017)
|
BlackRock GA Dynamic Equity Fund - Institutional Shares
|
|||
Return Before Taxes
|
17.71
%
|
12.11
%
|
8.67
%
|
Return After Taxes on Distributions
|
17.40
%
|
11.29
%
|
7.75
%
|
Return After Taxes on Distributions and Sale of Fund Shares
|
10.64
%
|
9.52
%
|
6.65
%
|
MSCI World Index
(Reflects no deduction for fees, expenses or taxes)
|
23.79
%
|
12.80
%
|
9.71
%
|
Portfolio Manager
|
Portfolio Manager
of the Fund Since
|
Title
|
Rick Rieder
|
2021
|
Managing Director of BlackRock, Inc.,
Chief Investment Officer of Global Fixed Income,
Head of Global Allocation Investment Team,
member of the Global Executive Committee,
Global Executive Committee Investments Sub-Committee,
Global Operating Committee and Chairman of the
BlackRock, Inc. firmwide Investment Council.
|
Russ Koesterich, CFA, JD
|
2017
|
Managing Director of BlackRock, Inc.
|
Randy Berkowitz, CFA
|
2024
|
Managing Director of BlackRock, Inc.
|
Sarah Thompson, CFA
|
2024
|
Managing Director of BlackRock, Inc.
|
Minimum Initial
Investment
|
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
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
|
No subsequent minimum.
|