In addition to Investor A and C shares, BlackRock also offers the following share classes:
- Institutional Shares
- K Shares
- Service Shares
- R Shares
- BlackRock Shares
Each of these share classes are only available for certain funds, and are sold without sales charges. Please refer to the Fund’s prospectus for details on each fund and share class.
Institutional shares are offered to current owners of Institutional shares, institutional and individual retail investors with a minimum investment of $2 million (per fund) or clients of registered investment advisors who have $250,000 invested in the fund, certain qualified retirement plans and investors in selected investment programs.
K shares are available to certain qualified record-keepers, defined benefit, defined contribution plans, institutions and individuals with a minimum initial investment of $5 million in the fund.
Service shares are only available to certain financial institutions acting on behalf of their customers and certain other investors.
R shares are offered only to certain large qualified retirement plans.
BlackRock shares are offered to institutional investors, with a minimum investment of $5 million (per fund) or clients of registered investment advisors who have $250,000 invested in the fund, and certain fee-based programs and qualified employee benefit plans.