C000101150 Fees and Costs — BlackRock LifePath Index 2040 Fund, Institutional Class
Data updated: 2026-08-25
The net expense ratio is 0.14% (0.18% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $200K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 16%.
C000101150 Fees and Expenses
Annual operating expenses and sales charges of C000101150. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.18% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.14% |
| 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 | No |
C000101150 Costs Over Time
On $10,000 invested in C000101150, assuming 5% a year before costs, total costs come to $90 over 5 years, cutting the return by 0.15% 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 0.14%) | $15 | $46 | $81 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $49 | $90 |
| Value after costs | $10,485 | $11,527 | $12,673 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
C000101150 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0015%
- Total broker commissions: $200K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $47.1M
- Net income from securities lending: $55K (0.000% of average net assets)
C000101150 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $144K | 72.07% |
| Morgan Stanley & Co. LLC | $39K | 19.29% |
| TD Securities (USA) LLC | $14K | 7.23% |
| J.P. Morgan Securities LLC | $1K | 0.51% |
| Goldman Sachs & Co. LLC | $842 | 0.42% |
| UBS Securities LLC | $420 | 0.21% |
| Jefferies LLC | $278 | 0.14% |
| Citigroup Global Markets Inc. | $264 | 0.13% |
C000101150 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $2.0B | 100.00% |
BlackRock LifePath Index 2040 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000101151 | Class K | 0.09% | — |
| C000101150 | Institutional Class | 0.14% | — |
| C000101149 | Investor A | 0.39% | — |
| C000201973 | Investor P | 0.39% | 5.25% |
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.