C000121712 Fees and Costs — BlackRock Total Factor Fund, Investor A
Data updated: 2023-10-13
The net expense ratio is 0.81%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.60% other expenses, less a 0.55% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2023 the fund paid $161K in broker commissions, 0.0921% of average net assets, and portfolio turnover was 101%.
C000121712 Fees and Expenses
Annual operating expenses and sales charges of C000121712. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.36% |
| Fee waiver | −0.55% |
| Net expense ratio | 0.81% |
| 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 | No |
C000121712 Costs Over Time
On $10,000 invested in C000121712, assuming 5% a year before costs, total costs come to $1,206 over 5 years, cutting the return by 2.06% 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 0.81%) | $81 | $252 | $437 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $26 | $97 | $194 |
| Total costs | $641 | $902 | $1,206 |
| Value after costs | $9,859 | $10,674 | $11,557 |
| Impact on return, per year | 6.41% | 2.80% | 2.06% |
C000121712 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
C000121712 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% |
C000121712 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.