C000120982 Fees and Costs — BlackRock LifePath Smart Beta 2025 Fund, Institutional Shares
Data updated: 2020-06-24
The net expense ratio is 0.32% (1.09% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $9K in broker commissions, 0.0357% of average net assets, and portfolio turnover was 77%.
C000120982 Fees and Expenses
Annual operating expenses and sales charges of C000120982. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.87% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.77% |
| Net expense ratio | 0.32% |
| 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 |
C000120982 Costs Over Time
On $10,000 invested in C000120982, assuming 5% a year before costs, total costs come to $225 over 5 years, cutting the return by 0.37% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $37 | $123 | $225 |
| Value after costs | $10,463 | $11,453 | $12,537 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
C000120982 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): 0.0357%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $11.9M
- Portfolio turnover (prospectus): 77%
- Securities on loan, average value: $991K
- Net income from securities lending: $7K (0.028% of average net assets)
C000120982 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE SECURITIES (USA) LLC | $2K | 24.67% |
| MORGAN STANLEY & CO. LLC | $2K | 20.20% |
| BOFA SECURITIES, INC. | $1K | 16.03% |
| CitiGroup Global Markets Inc. | $879 | 10.44% |
| Jane Street Execution Services, LLC | $632 | 7.51% |
| GOLDMAN SACHS & CO. LLC | $444 | 5.27% |
| UBS Securities LLC | $429 | 5.10% |
| VIRTU AMERICAS LLC | $423 | 5.02% |
| CITADEL SECURITIES LLC | $268 | 3.18% |
| WELLS FARGO SECURITIES, LLC | $217 | 2.58% |
C000120982 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $9.7M | 81.61% |
| BlackRock Funds BlackRock Total Factor Fund | $1.4M | 11.66% |
| Quantitative Master Series LLC Master Small Cap Index Series | $797K | 6.72% |
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.