C000166355 Fees and Costs — BlackRock Emerging Markets Equity Strategies Fund, Institutional Class
Data updated: 2023-05-04
The net expense ratio is 1.32% (2.49% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $50K in broker commissions, 0.2262% of average net assets, and portfolio turnover was 254%.
C000166355 Fees and Expenses
Annual operating expenses and sales charges of C000166355. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.47% |
| Gross expense ratio | 2.49% |
| Fee waiver | −1.17% |
| Net expense ratio | 1.32% |
| 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 |
C000166355 Costs Over Time
On $10,000 invested in C000166355, assuming 5% a year before costs, total costs come to $957 over 5 years, cutting the return by 1.62% 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 1.32%) | $139 | $430 | $741 |
| Trading costs (broker commissions) | $24 | $74 | $127 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $162 | $529 | $957 |
| Value after costs | $10,338 | $11,048 | $11,806 |
| Impact on return, per year | 1.62% | 1.62% | 1.62% |
C000166355 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2262%
- Total broker commissions: $50K
- Bought from dealers (principal trades, not a cost): $72.3M
- Portfolio turnover (prospectus): 254%
- Securities lending: none during the year
C000166355 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $8K | 20.95% |
| HSBC Securities (USA) Inc. | $7K | 17.01% |
| Credit Suisse Securities (USA) LLC | $5K | 13.68% |
| UBS Securities LLC | $4K | 10.91% |
| BofA Securities, Inc. | $4K | 10.43% |
| Goldman Sachs & Co. LLC | $4K | 9.16% |
| Morgan Stanley & Co. LLC | $3K | 8.05% |
| Citigroup Global Markets Inc. | $2K | 5.13% |
| CLSA Americas, LLC | $2K | 4.68% |
C000166355 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Blackrock Liquidity Funds - T- Fund | $69.7M | 96.46% |
| Credit Suisse Securities (USA) LLC | $1.1M | 1.56% |
| Citigroup Global Markets Inc. | $804K | 1.11% |
| BofA Securities, Inc. | $621K | 0.86% |
| HSBC Securities (USA) Inc. | $11K | 0.01% |
| Deutsche Bank Securities Inc. | $32 | 0.00% |
| Pershing LLC | $1 | 0.00% |
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.