C000201970 Fees and Costs — BlackRock LifePath Index 2025 Fund, Investor P
Data updated: 2024-11-26
The net expense ratio is 0.39% (0.43% before fee waivers). This share class carries a maximum front-end sales load of 5.25%. In fiscal 2023 the fund paid $62K in broker commissions, 0.0010% of average net assets, and portfolio turnover was 16%.
C000201970 Fees and Expenses
Annual operating expenses and sales charges of C000201970. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.43% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.39% |
| 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 |
C000201970 Costs Over Time
On $10,000 invested in C000201970, assuming 5% a year before costs, total costs come to $905 over 5 years, cutting the return by 1.53% 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 0.39%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $26 | $89 | $166 |
| Total costs | $590 | $736 | $905 |
| Value after costs | $9,910 | $10,840 | $11,858 |
| Impact on return, per year | 5.90% | 2.27% | 1.53% |
C000201970 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0010%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $871.8M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $9.1M
- Net income from securities lending: $25K (0.000% of average net assets)
C000201970 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $48K | 78.73% |
| Morgan Stanley & Co. LLC | $6K | 9.88% |
| Jefferies LLC | $2K | 2.45% |
| Citigroup Global Markets Inc. | $2K | 2.44% |
| Barclays Capital Inc. | $1K | 1.98% |
| Goldman Sachs & Co. LLC | $769 | 1.25% |
| Cowen and Company, LLC | $767 | 1.24% |
| UBS Securities LLC | $681 | 1.11% |
| J.P. Morgan Securities LLC | $460 | 0.75% |
| BNY Mellon Capital Markets, LLC | $100 | 0.16% |
C000201970 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $871.8M | 100.00% |
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.