C000050779 Fees and Costs — BlackRock LifePath Smart Beta 2045 Fund, Investor A
Data updated: 2020-06-24
The net expense ratio is 0.58% (2.12% before fee waivers). This share class carries a maximum front-end sales load of 5.25%. In fiscal 2019 the fund paid $6K in broker commissions, 0.0492% of average net assets, and portfolio turnover was 104%.
C000050779 Fees and Expenses
Annual operating expenses and sales charges of C000050779. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.64% |
| Gross expense ratio | 2.12% |
| Fee waiver | −1.54% |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| 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 |
C000050779 Costs Over Time
On $10,000 invested in C000050779, assuming 5% a year before costs, total costs come to $1,046 over 5 years, cutting the return by 1.78% 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 |
| Sales charges | $525 | $525 | $525 |
| Fund expenses (net expense ratio 0.58%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $26 | $92 | $179 |
| Total costs | $614 | $813 | $1,046 |
| Value after costs | $9,886 | $10,763 | $11,717 |
| Impact on return, per year | 6.14% | 2.52% | 1.78% |
C000050779 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): 0.0492%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $7.2M
- Portfolio turnover (prospectus): 104%
- Securities on loan, average value: $257K
- Net income from securities lending: $2K (0.014% of average net assets)
C000050779 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2K | 26.35% |
| BOFA SECURITIES, INC. | $1K | 16.83% |
| CitiGroup Global Markets Inc. | $690 | 11.47% |
| CREDIT SUISSE SECURITIES (USA) LLC | $673 | 11.18% |
| Jane Street Execution Services, LLC | $509 | 8.46% |
| CITADEL SECURITIES LLC | $483 | 8.03% |
| GOLDMAN SACHS & CO. LLC | $453 | 7.53% |
| UBS Securities LLC | $291 | 4.84% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $181 | 3.01% |
| J.P. Morgan Securities LLC | $139 | 2.31% |
C000050779 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $6.0M | 83.64% |
| BlackRock Funds BlackRock Total Factor Fund | $935K | 12.98% |
| Quantitative Master Series LLC Master Small Cap Index Series | $243K | 3.37% |
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.