C000125531 Fees and Costs — BlackRock Total Emerging Markets Fund, Institutional Class
Data updated: 2020-12-28
The net expense ratio is 0.93% (1.42% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $71K in broker commissions, 0.0527% of average net assets, and portfolio turnover was 21%.
C000125531 Fees and Expenses
Annual operating expenses and sales charges of C000125531. Prospectus, as of August 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.59% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.49% |
| Net expense ratio | 0.93% |
| 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 |
C000125531 Costs Over Time
On $10,000 invested in C000125531, assuming 5% a year before costs, total costs come to $615 over 5 years, cutting the return by 1.03% 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 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $338 | $615 |
| Value after costs | $10,397 | $11,238 | $12,148 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
C000125531 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0527%
- Total broker commissions: $71K
- Bought from dealers (principal trades, not a cost): $174.7M
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
C000125531 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $32K | 46.36% |
| UBS Securities LLC | $28K | 39.48% |
| J.P. Morgan Securities LLC | $3K | 3.78% |
| BNP Paribas Securities Corp. | $2K | 3.49% |
| CLSA Americas, LLC | $2K | 2.51% |
| HSBC Securities (USA) Inc. | $966 | 1.38% |
| Citigroup Global Markets Inc. | $679 | 0.97% |
| Instinet, LLC | $570 | 0.82% |
| Macquarie Capital (USA) Inc. | $498 | 0.71% |
| Credit Suisse Securities (USA) LLC | $350 | 0.50% |
C000125531 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Blackrock Liquidity Funds - T- Fund | $142.6M | 85.28% |
| Citigroup Global Markets Inc. | $5.7M | 3.39% |
| J.P. Morgan Securities LLC | $3.7M | 2.23% |
| BNY Mellon Capital Markets, LLC | $2.9M | 1.74% |
| Pershing LLC | $2.8M | 1.70% |
| BNP Paribas Securities Corp. | $2.7M | 1.61% |
| Jefferies LLC | $2.6M | 1.55% |
| Credit Suisse Securities (USA) LLC | $1.7M | 1.00% |
| Barclays Capital Inc. | $1.3M | 0.78% |
| Mizuho Securities USA LLC | $1.2M | 0.71% |
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.