C000050777 Fees and Costs — BlackRock LifePath Smart Beta 2040 Fund, R Shares
Data updated: 2020-06-24
The net expense ratio is 0.81% (2.09% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $8K in broker commissions, 0.0461% of average net assets, and portfolio turnover was 100%.
C000050777 Fees and Expenses
Annual operating expenses and sales charges of C000050777. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 1.37% |
| Gross expense ratio | 2.09% |
| Fee waiver | −1.28% |
| 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 |
C000050777 Costs Over Time
On $10,000 invested in C000050777, assuming 5% a year before costs, total costs come to $537 over 5 years, cutting the return by 0.90% 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) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $295 | $537 |
| Value after costs | $10,410 | $11,281 | $12,226 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
C000050777 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): 0.0461%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $8.1M
- Portfolio turnover (prospectus): 100%
- Securities on loan, average value: $467K
- Net income from securities lending: $3K (0.020% of average net assets)
C000050777 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2K | 27.76% |
| BOFA SECURITIES, INC. | $1K | 16.93% |
| CitiGroup Global Markets Inc. | $792 | 10.79% |
| Jane Street Execution Services, LLC | $733 | 9.98% |
| CREDIT SUISSE SECURITIES (USA) LLC | $705 | 9.60% |
| CITADEL SECURITIES LLC | $558 | 7.60% |
| GOLDMAN SACHS & CO. LLC | $493 | 6.71% |
| UBS Securities LLC | $335 | 4.56% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $265 | 3.61% |
| J.P. Morgan Securities LLC | $180 | 2.45% |
C000050777 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $6.8M | 83.65% |
| BlackRock Funds BlackRock Total Factor Fund | $963K | 11.88% |
| Quantitative Master Series LLC Master Small Cap Index Series | $362K | 4.47% |
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.