C000121711 Fees and Costs — BlackRock Total Factor Fund, Institutional Class
Data updated: 2023-10-13
The net expense ratio is 0.56%: a 0.50% management fee plus 0.52% other expenses, less a 0.47% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $161K in broker commissions, 0.0921% of average net assets, and portfolio turnover was 101%.
C000121711 Fees and Expenses
Annual operating expenses and sales charges of C000121711. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.47% |
| Net expense ratio | 0.56% |
| 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 | No |
C000121711 Costs Over Time
On $10,000 invested in C000121711, assuming 5% a year before costs, total costs come to $411 over 5 years, cutting the return by 0.68% 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 0.56%) | $59 | $184 | $320 |
| Trading costs (broker commissions) | $10 | $30 | $53 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $68 | $225 | $411 |
| Value after costs | $10,432 | $11,351 | $12,352 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000121711 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0921%
- Total broker commissions: $161K
- Bought from dealers (principal trades, not a cost): $730.1M
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
C000121711 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $48K | 31.93% |
| Morgan Stanley & Co. LLC | $19K | 12.72% |
| UBS Securities LLC | $17K | 11.10% |
| Citigroup Global Markets Inc. | $15K | 9.89% |
| BofA Securities, Inc. | $14K | 9.61% |
| Goldman Sachs & Co. LLC | $14K | 9.14% |
| Barclays Capital, Inc. | $9K | 6.12% |
| BNP Paribas Securities Corp. | $5K | 3.29% |
| Credit Suisse Securities (USA) LLC | $5K | 3.24% |
| Deutsche Bank Securities Inc. | $4K | 2.97% |
C000121711 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $579.3M | 84.31% |
| Wells Fargo Securities, LLC | $32.4M | 4.71% |
| Goldman Sachs & Co. LLC | $12.9M | 1.88% |
| Citigroup Global Markets Inc. | $10.9M | 1.59% |
| FEDERATION DES CAISSES DESJARDINS DU QUEBEC | $9.7M | 1.41% |
| BARRENJOEY MARKETS PTY LIMITED | $9.4M | 1.37% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $9.0M | 1.31% |
| UBS Securities LLC | $8.7M | 1.26% |
| Credit Agricole Securities (USA) Inc. | $7.7M | 1.12% |
| BNP Paribas Securities Corp. | $7.2M | 1.05% |
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.