C000123831 Fees and Costs — BlackRock LifePath Smart Beta 2055 Fund, Class R
Data updated: 2020-06-24
The net expense ratio is 0.82% (3.44% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $4K in broker commissions, 0.0544% of average net assets, and portfolio turnover was 124%.
C000123831 Fees and Expenses
Annual operating expenses and sales charges of C000123831. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 2.71% |
| Gross expense ratio | 3.44% |
| Fee waiver | −2.62% |
| Net expense ratio | 0.82% |
| 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 |
C000123831 Costs Over Time
On $10,000 invested in C000123831, assuming 5% a year before costs, total costs come to $548 over 5 years, cutting the return by 0.92% 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 0.82%) | $86 | $269 | $467 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $301 | $548 |
| Value after costs | $10,408 | $11,275 | $12,214 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
C000123831 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): 0.0544%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $5.5M
- Portfolio turnover (prospectus): 124%
- Securities on loan, average value: $123K
- Net income from securities lending: $2K (0.024% of average net assets)
C000123831 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1K | 30.85% |
| BOFA SECURITIES, INC. | $884 | 20.61% |
| CREDIT SUISSE SECURITIES (USA) LLC | $540 | 12.59% |
| CITADEL SECURITIES LLC | $390 | 9.09% |
| CitiGroup Global Markets Inc. | $336 | 7.83% |
| Jane Street Execution Services, LLC | $229 | 5.34% |
| GOLDMAN SACHS & CO. LLC | $191 | 4.45% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $146 | 3.40% |
| UBS Securities LLC | $137 | 3.19% |
| J.P. Morgan Securities LLC | $113 | 2.63% |
C000123831 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $4.8M | 87.49% |
| BlackRock Funds BlackRock Total Factor Fund | $508K | 9.26% |
| Quantitative Master Series LLC Master Small Cap Index Series | $178K | 3.24% |
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.