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 B or Investor C shares under certain circumstances.

Equity Funds

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

Dealers Reallowance1,2

Trail

Equity Funds

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


Multi-Asset Income 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


Index Funds

0.00%

 

0.00%

n/a

0.25%

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 60 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 Basic Value will result in a placement fee of 0.75% on the first $3 million and 0.50% on the final $1 million).
3 NAV purchases on most equity funds will be subject to a 1.00% charge if liquidated within 18 months of purchase. BlackRock Balanced Capital, BlackRock Basic Value and BlackRock Managed Volatility will be subject to a 0.75% charge if liquidated within 18 months of purchase.
4 The following reallowance/placement fee to dealers will apply to most equity funds (see below for exceptions):
-1.00% on $1,000,000 to $2,999,999, plus
-0.50% on $3,000,000 to $14,999,999, and
-0.25% on $15,000,000 and above.
The following will apply to BlackRock Balanced Capital and BlackRock Managed Volatility:
-0.75% on $1,000,000 to $2,999,999, plus
-0.50% on $3,000,000 to $14,999,999, and
-0.25% on $15,000,000 and above.
The following will apply to BlackRock Multi-Asset Income Fund.
-1.00% on $250,000 to $2,999,999 plus:
-0.50% on $3,000,000 to $14,999,999
-0.25% on $15,000,000+

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.


Fixed Income Funds

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

Taxable Fixed Income Funds
(Please see exceptions below
for Floating Rate Income, Low
Duration, Secured Credit and
Strategic Income Opportunities)

4.00%

Less than $25,000

4.00%

3.75%

0.25%

$25,000 but less than
$100,000

3.75%

3.50%

$100,000 but less than
$250,000

3.50%

3.25%

$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


Tax-Free Fixed Income Funds
(Please see exceptions below for
Short-Term Municipal, Strategic
Municipal Opportunities, CA
Municipal Opportunities and NY
Municipal Opportunities)

4.25%

Less than $100,000

4.25%

4.00%

0.25%

$100,000 but less than
$250,000

3.25%

3.00%

$250,000 but less than
$500,000

2.50%

2.25%

$500,000 but less than
$1,000,000

2.25%

2.00%

$1,000,000+

NAV3

4


Strategic Income Opportunities Fund

4.00%

Less than $25,000

4.00%

3.75%

0.25%

$25,000 but less than
$100,000

3.75%

3.50%

$100,000 but less than $250,000

3.50%

3.25%

$250,000 but less than
$500,000

2.50%

2.25%

$500,000 and over2

NAV3

4


Floating Rate Income, Secured Credit

2.50%

Less than $50,000

2.50%

2.25%

0.25%

$50,000 but less than
$100,000

2.25%

2.00%

$100,000 but less than
$250,000

1.75%

1.50%

$250,000 but less than
$500,000

1.25%

1.00%

$500,000+

NAV3

4


Low Duration

2.25%

Less than $50,000

2.25%

2.00%

0.25%

$50,000 but less than
$100,000

2.00%

1.75%

$100,000 but less than
$250,000

1.75%

1.50%

$250,000 but less than
$500,000

1.50%

1.25%

$500,000+

NAV3

4


Short-Term Municipal

3.00%

Less than $50,000

3.00%

2.75%

0.25%

$50,000 but less than
$100,000

2.75%

2.50%

$100,000 but less than
$250,000

2.50%

2.25%

$250,000+

Nav3

4


Strategic Municipal Opportunities,
CA Municipal Opportunities, NY
Municipal Opportunities

4.25%

Less than $100,000

4.25%

4.00%

0.25%

$100,000 but less than
$250,000

3.25%

3.00%

$250,000+

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 60 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. However, there is a CDSC 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. See footnotes 3 and 4 for more details.
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 Investor A shares.
3 NAV purchases at specified breakpoints on BlackRock fixed income funds may be subject to a CDSC if liquidated within 18 months of purchase. Most taxable fixed income funds: 0.75%; BlackRock GNMA, Investment Grade Bond, U.S. Government Bond, Strategic Global Bond, and Short-Term Municipal: 0.50%; BlackRock Inflation Protected Bond: 0.15%; Most tax-free fixed income funds and Emerging Markets Flexible Dynamic: 1.00%.
4The following dealer reallowance will apply to most taxable fixed income funds (see exceptions). 0.75% on $1,000,000 to $2,999,999, plus 0.50% on $3,000,000 to $14,999,999, and 0.25% on $15,000,000+
Exceptions: GNMA, Investment Grade Bond, U.S. Government Bond and Strategic Global Bond:
0.50% on $1,000,000 to $2,999,999, plus 0.25% on $3,000,000 to $14,999,999, and 0.15% on $15,000,000+
Inflation Protected Bond:
0.15% on $1,000,000 to $2,999,999, plus 0.10% on $3,000,000 to $14,999,999, and 0.05% on $15,000,000+
Emerging Markets Flexible Dynamic:
1.00% on $1,000,000 to $2,999,999, plus 0.50% on $3,000,000 to $14,999,999, 0.25% on $15,000,000+
Floating Rate Income, Low Duration, Secured Credit and Strategic Income Opportunities:
0.75% on $500,000 to $2,999,999, plus 0.50% on $3,000,000 to $14,999,999, and 0.25% on $15,000,000+
Tax-free fixed income funds (except for BlackRock Short-Term Municipal, Strategic Municipal Opportunities, California Municipal Opportunities and New York Municipal Opportunities):
1.00% on $1,000,000 to $3,999,999, plus 0.50% on $4,000,000 to $9,999,999, and 0.25% on $10,000,000+ Short-Term Municipal: 0.50% on $250,000+
Short-Term Municipal:
0.50% on $250,000+
Strategic Municipal Opportunities, California Municipal Opportunities and New York Municipal Opportunities:
1.00% on $250,000 to $3,999,999, plus 0.50% on $4,000,000–$9,999,999 and 0.25% on $10,000,000+.
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 BlackRock Strategic Global Bond will result in a dealer reallowance of 0.50% on the first $3 million and 0.25% on the final $1 million). 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.


Equity and Fixed Income Funds

Investor B Shares—Generally not available for purchase, except for exchanges and certain other exceptions. Please see funds’ prospectuses for further details. Automatic conversion from B shares to A shares after 7 or 10 years for fixed income funds and 8 years for equity funds. CDSC on most funds reduced to 0% after 6 years.

Investor C Shares—Purchased with no initial sales charge to your clients but have higher ongoing fees. These fees are paid over the life of the investment and you receive 1.00% immediately and ongoing trails that begin in the 13th month, subject to certain broker/dealer payout policies. Only purchases up to $500,000 per trade are permitted in Investor C shares.

Applicable to

Maximum Back-End Sales Charge

CDSC

Trail

All Equity and Fixed Income Funds*

1.00%

1.00%

1.00%

* Trail for BlackRock Summit Cash Reserves is 0%.


Settlement Cycle

Institutional shares of all BlackRock funds have a trade date plus one day settlement cycle. All purchase and redemption activity in all share classes of the funds listed below have a trade date plus one day settlement cycle.

  • BlackRock Developed Real Estate Index Fund
  • BlackRock International Index Fund
  • BlackRock Large Cap Index Fund
  • BlackRock LifePath Index Funds
  • BlackRock LifePath Portfolios
  • BlackRock MSCI Asia ex-Japan Index Fund
  • BlackRock MSCI World Index Fund
  • BlackRock S&P 500 Index Fund
  • BlackRock Small Cap Index Fund
  • BlackRock Small/Mid Cap Index Fund
  • BlackRock Stock Market Index Fund
  • BlackRock Total International ex U.S. Index Fund
  • BlackRock U.S. Total Bond Index Fund

CollegeAdvantage 529 Plan

Class A Units—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 Reallowance

Trail

Age-Based, Target Risk, Equity and
Balanced Funds

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+

NAV1

1.00%


Fixed Income Funds

4.00%

Less than $25,000

4.00%

3.75%

0.25%

$25,000 but less than $100,000

3.75%

3.50%

$100,000 but less than $250,000

3.50%

3.25%

$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+

NAV1

1.00%

The initial sales charge can be reduced or eliminated through one or a combination of the following: a Letter of Intent, the Right of Accumulation or the reinstatement privilege.
1 A contingent deferred sales charge of 1.00% is assessed on certain withdrawals of investments in Class A Units made within 18 months after purchase where no initial sales charge was paid at time of purchase as part of an investment of $1,000,000 or more.

Class B—Generally not available for purchase. Maximum CDSC is 5.00% in first year and reduced to 0% after 6 years.

Class C—Purchased with no initial sales charge to your clients but have higher ongoing fees. These fees are paid over the life of the investment and you receive 1.00% immediately and an ongoing trail of 1.00% that begins in the 13th month, subject to certain broker/dealer payout policies. CDSC of 1.00% is applied if withdrawal is made within one year of purchase.


Not all funds mentioned in this pricing guide are available at this time.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For this and more information on BlackRock funds, please view a prospectus. The prospectus should be read carefully before investing.

The information on this web site is intended for U.S. residents only. The information provided does not constitute a solicitation of an offer to buy, or an offer to sell securities in any jurisdiction to any person to whom it is not lawful to make such an offer.

©2016 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

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