C000050769 Fees and Costs — BlackRock LifePath Smart Beta 2030 Fund, K Shares
Data updated: 2020-06-24
The net expense ratio is 0.22% (1.07% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $10K in broker commissions, 0.0407% of average net assets, and portfolio turnover was 86%.
C000050769 Fees and Expenses
Annual operating expenses and sales charges of C000050769. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.85% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.85% |
| Net expense ratio | 0.22% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000050769 Costs Over Time
On $10,000 invested in C000050769, assuming 5% a year before costs, total costs come to $165 over 5 years, cutting the return by 0.27% 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 0.22%) | $23 | $73 | $127 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $90 | $165 |
| Value after costs | $10,473 | $11,486 | $12,597 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
C000050769 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): 0.0407%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $11.4M
- Portfolio turnover (prospectus): 86%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $5K (0.020% of average net assets)
C000050769 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2K | 22.12% |
| CREDIT SUISSE SECURITIES (USA) LLC | $2K | 19.07% |
| BOFA SECURITIES, INC. | $2K | 16.17% |
| CitiGroup Global Markets Inc. | $1K | 11.70% |
| Jane Street Execution Services, LLC | $794 | 8.27% |
| UBS Securities LLC | $636 | 6.62% |
| CITADEL SECURITIES LLC | $510 | 5.31% |
| GOLDMAN SACHS & CO. LLC | $467 | 4.86% |
| VIRTU AMERICAS LLC | $321 | 3.34% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $243 | 2.53% |
C000050769 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $9.8M | 85.87% |
| BlackRock Funds BlackRock Total Factor Fund | $943K | 8.27% |
| Quantitative Master Series LLC Master Small Cap Index Series | $669K | 5.87% |
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.