C000202330 Fees and Costs — BlackRock Sustainable Advantage CoreAlpha Bond Fund, Investor A
Data updated: 2024-08-09
The net expense ratio is 0.54%: a 0.23% management fee, a 0.25% 12b-1 fee plus 0.86% other expenses, less a 0.81% fee waiver. This share class carries a maximum front-end sales load of 4.00%. In fiscal 2024 the fund paid $3K in broker commissions, 0.0065% of average net assets, and portfolio turnover was 376%.
C000202330 Fees and Expenses
Annual operating expenses and sales charges of C000202330. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.86% |
| Gross expense ratio | 1.35% |
| Fee waiver | −0.81% |
| Net expense ratio | 0.54% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| 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 |
C000202330 Costs Over Time
On $10,000 invested in C000202330, assuming 5% a year before costs, total costs come to $842 over 5 years, cutting the return by 1.42% 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 | $400 | $400 | $400 |
| Fund expenses (net expense ratio 0.54%) | $54 | $171 | $297 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $20 | $72 | $141 |
| Total costs | $475 | $644 | $842 |
| Value after costs | $10,025 | $10,932 | $11,921 |
| Impact on return, per year | 4.75% | 1.99% | 1.42% |
C000202330 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0065%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $361.5M
- Portfolio turnover (prospectus): 376%
- Securities lending: none during the year
C000202330 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 100.00% |
C000202330 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $64.5M | 19.78% |
| BlackRock Liquidity Funds - T-Fund | $62.5M | 19.17% |
| Goldman Sachs & Co. LLC | $38.9M | 11.93% |
| Morgan Stanley & Co. LLC | $30.3M | 9.28% |
| BofA Securities, Inc. | $28.7M | 8.78% |
| Barclays Capital Inc. | $25.7M | 7.88% |
| J.P. Morgan Securities LLC | $23.8M | 7.28% |
| Wells Fargo Securities, LLC | $23.6M | 7.24% |
| BMO Capital Markets Corp. | $15.2M | 4.66% |
| BNP Paribas Securities Corp. | $13.0M | 3.98% |
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.