C000202263 Fees and Costs — BlackRock Sustainable Emerging Markets Flexible Bond Fund, Class K
Data updated: 2023-11-22
The net expense ratio is 0.63%: a 0.60% management fee plus 1.36% other expenses, less a 1.33% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $1K in broker commissions, 0.0031% of average net assets, and portfolio turnover was 131%.
C000202263 Fees and Expenses
Annual operating expenses and sales charges of C000202263. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.36% |
| Gross expense ratio | 1.96% |
| Fee waiver | −1.33% |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000202263 Costs Over Time
On $10,000 invested in C000202263, assuming 5% a year before costs, total costs come to $399 over 5 years, cutting the return by 0.66% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $218 | $399 |
| Value after costs | $10,434 | $11,358 | $12,364 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
C000202263 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0031%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $114.5M
- Portfolio turnover (prospectus): 131%
- Securities lending: none during the year
C000202263 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $284 | 27.14% |
| J.P. Morgan Securities LLC | $213 | 20.36% |
| Goldman Sachs & Co. LLC | $191 | 18.28% |
| RBC Capital Markets, LLC | $119 | 11.36% |
| BofA Securities, Inc. | $86 | 8.25% |
| UBS Securities LLC | $61 | 5.82% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $29 | 2.73% |
| Deutsche Bank Securities Inc. | $27 | 2.59% |
| Mizuho Securities USA LLC | $21 | 1.97% |
| Societe Generale | $16 | 1.50% |
C000202263 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12.6M | 14.77% |
| Citadel Securities LLC | $12.6M | 14.67% |
| Citigroup Global Markets Inc. | $10.1M | 11.82% |
| Goldman Sachs & Co. LLC | $9.8M | 11.49% |
| BNP Paribas Securities Corp. | $9.7M | 11.35% |
| HSBC Securities (USA) Inc. | $9.3M | 10.82% |
| Jefferies LLC | $7.6M | 8.87% |
| Morgan Stanley & Co. LLC | $5.1M | 5.93% |
| Barclays Capital, Inc. | $4.9M | 5.78% |
| Nomura Securities International, Inc. | $3.9M | 4.50% |
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.