C000187077 Fees and Costs — BlackRock LifePath Smart Beta 2060 Fund, Investor A
Data updated: 2020-06-24
The net expense ratio is 0.59% (14.11% before fee waivers). This share class carries a maximum front-end sales load of 5.25%. In fiscal 2019 the fund paid $863 in broker commissions, 0.0630% of average net assets, and portfolio turnover was 126%.
C000187077 Fees and Expenses
Annual operating expenses and sales charges of C000187077. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 13.62% |
| Gross expense ratio | 14.11% |
| Fee waiver | −13.52% |
| Net expense ratio | 0.59% |
| 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 | Yes |
C000187077 Costs Over Time
On $10,000 invested in C000187077, assuming 5% a year before costs, total costs come to $1,060 over 5 years, cutting the return by 1.80% 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 0.59%) | $59 | $184 | $320 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $26 | $93 | $181 |
| Total costs | $616 | $821 | $1,060 |
| Value after costs | $9,884 | $10,755 | $11,703 |
| Impact on return, per year | 6.16% | 2.54% | 1.80% |
C000187077 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): 0.0630%
- Total broker commissions: $863
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 126%
- Securities on loan, average value: $10K
- Net income from securities lending: $632 (0.046% of average net assets)
C000187077 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $246 | 29.04% |
| BOFA SECURITIES, INC. | $179 | 21.13% |
| CREDIT SUISSE SECURITIES (USA) LLC | $132 | 15.58% |
| CitiGroup Global Markets Inc. | $100 | 11.81% |
| UBS Securities LLC | $57 | 6.73% |
| GOLDMAN SACHS & CO. LLC | $35 | 4.13% |
| CITADEL SECURITIES LLC | $29 | 3.42% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $27 | 3.19% |
| J.P. Morgan Securities LLC | $22 | 2.60% |
| Jane Street Execution Services, LLC | $20 | 2.36% |
C000187077 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $1.4M | 91.92% |
| BlackRock Funds BlackRock Total Factor Fund | $93K | 5.95% |
| Quantitative Master Series LLC Master Small Cap Index Series | $33K | 2.12% |
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.