C000050762 Fees and Costs — BlackRock LifePath Smart Beta Retirement Fund, R Shares
Data updated: 2020-06-24
The net expense ratio is 0.81% (2.97% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $4K in broker commissions, 0.0371% of average net assets, and portfolio turnover was 82%.
C000050762 Fees and Expenses
Annual operating expenses and sales charges of C000050762. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 2.25% |
| Gross expense ratio | 2.97% |
| Fee waiver | −2.16% |
| Net expense ratio | 0.81% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000050762 Costs Over Time
On $10,000 invested in C000050762, assuming 5% a year before costs, total costs come to $531 over 5 years, cutting the return by 0.89% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $292 | $531 |
| Value after costs | $10,411 | $11,285 | $12,231 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
C000050762 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0371%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $5.7M
- Portfolio turnover (prospectus): 82%
- Securities on loan, average value: $480K
- Net income from securities lending: $3K (0.029% of average net assets)
C000050762 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $2K | 41.98% |
| MORGAN STANLEY & CO. LLC | $436 | 11.87% |
| BOFA SECURITIES, INC. | $416 | 11.33% |
| CitiGroup Global Markets Inc. | $389 | 10.59% |
| VIRTU AMERICAS LLC | $298 | 8.11% |
| UBS Securities LLC | $190 | 5.17% |
| Jane Street Execution Services, LLC | $169 | 4.60% |
| CITADEL SECURITIES LLC | $85 | 2.31% |
| GOLDMAN SACHS & CO. LLC | $84 | 2.29% |
| BARCLAYS CAPITAL, INC. | $64 | 1.74% |
C000050762 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $4.5M | 78.27% |
| BlackRock Funds BlackRock Total Factor Fund | $938K | 16.35% |
| Quantitative Master Series LLC Master Small Cap Index Series | $309K | 5.38% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.