C000202314 Fees and Costs — BlackRock Sustainable Emerging Markets Bond Fund, Institutional Class
Data updated: 2023-11-28
The net expense ratio is 0.69%: a 0.55% management fee plus 2.26% other expenses, less a 2.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $347 in broker commissions, 0.0018% of average net assets, and portfolio turnover was 41%.
C000202314 Fees and Expenses
Annual operating expenses and sales charges of C000202314. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.26% |
| Gross expense ratio | 2.82% |
| Fee waiver | −2.13% |
| Net expense ratio | 0.69% |
| 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 |
C000202314 Costs Over Time
On $10,000 invested in C000202314, assuming 5% a year before costs, total costs come to $435 over 5 years, cutting the return by 0.73% 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 0.69%) | $72 | $227 | $395 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $239 | $435 |
| Value after costs | $10,427 | $11,338 | $12,327 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
C000202314 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): 0.0018%
- Total broker commissions: $347
- Bought from dealers (principal trades, not a cost): $26.6M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
C000202314 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $347 | 100.00% |
C000202314 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds - T-Fund | $11.8M | 48.07% |
| J.P. Morgan Securities LLC | $3.3M | 13.51% |
| Barclays Capital Inc. | $2.0M | 8.31% |
| Morgan Stanley & Co. LLC | $1.9M | 7.77% |
| Citigroup Global Markets Inc. | $1.6M | 6.68% |
| Goldman Sachs & Co. LLC | $1.1M | 4.61% |
| Jefferies LLC | $821K | 3.34% |
| BofA Securities, Inc. | $793K | 3.23% |
| BNY Mellon Capital Markets, LLC | $564K | 2.30% |
| HSBC Securities (USA) Inc. | $538K | 2.19% |
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.