C000050781 Fees and Costs — BlackRock LifePath Smart Beta 2050 Fund, Class K
Data updated: 2020-06-24
The net expense ratio is 0.23% (1.79% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $7K in broker commissions, 0.0545% of average net assets, and portfolio turnover was 121%.
C000050781 Fees and Expenses
Annual operating expenses and sales charges of C000050781. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.56% |
| Gross expense ratio | 1.79% |
| Fee waiver | −1.56% |
| Net expense ratio | 0.23% |
| 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 |
C000050781 Costs Over Time
On $10,000 invested in C000050781, assuming 5% a year before costs, total costs come to $181 over 5 years, cutting the return by 0.30% 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 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $30 | $99 | $181 |
| Value after costs | $10,470 | $11,478 | $12,582 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
C000050781 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): 0.0545%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $7.8M
- Portfolio turnover (prospectus): 121%
- Securities on loan, average value: $241K
- Net income from securities lending: $2K (0.016% of average net assets)
C000050781 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2K | 27.69% |
| BOFA SECURITIES, INC. | $1K | 17.50% |
| CitiGroup Global Markets Inc. | $703 | 9.96% |
| CREDIT SUISSE SECURITIES (USA) LLC | $689 | 9.76% |
| Jane Street Execution Services, LLC | $673 | 9.53% |
| GOLDMAN SACHS & CO. LLC | $578 | 8.19% |
| CITADEL SECURITIES LLC | $555 | 7.86% |
| UBS Securities LLC | $295 | 4.18% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $213 | 3.02% |
| J.P. Morgan Securities LLC | $164 | 2.32% |
C000050781 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $6.6M | 83.93% |
| BlackRock Funds BlackRock Total Factor Fund | $1.0M | 12.86% |
| Quantitative Master Series LLC Master Small Cap Index Series | $251K | 3.21% |
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.