C000219484 Fees and Costs — BlackRock U.S. Impact Fund, Investor A
Data updated: 2023-09-27
The net expense ratio is 1.10%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.61% other expenses, less a 0.41% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2023 the fund paid $2K in broker commissions, 0.0291% of average net assets, and portfolio turnover was 112%.
C000219484 Fees and Expenses
Annual operating expenses and sales charges of C000219484. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.61% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.41% |
| Net expense ratio | 1.10% |
| 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 |
C000219484 Costs Over Time
On $10,000 invested in C000219484, assuming 5% a year before costs, total costs come to $1,338 over 5 years, cutting the return by 2.30% 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 1.10%) | $109 | $341 | $591 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $26 | $100 | $206 |
| Total costs | $664 | $975 | $1,338 |
| Value after costs | $9,836 | $10,601 | $11,425 |
| Impact on return, per year | 6.64% | 3.04% | 2.30% |
C000219484 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0291%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 112%
- Securities on loan, average value: $149K
- Net income from securities lending: $284 (0.005% of average net assets)
C000219484 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $324 | 22.08% |
| BofA Securities, Inc. | $224 | 15.23% |
| J.P. Morgan Securities LLC | $202 | 13.74% |
| Jefferies LLC | $198 | 13.50% |
| Cowen and Company | $166 | 11.29% |
| Citigroup Global Markets Inc. | $101 | 6.86% |
| Morgan Stanley & Co. LLC | $86 | 5.84% |
| ROBERT W. BAIRD & CO. INCORPORATED | $66 | 4.49% |
| Barclays Capital, Inc. | $58 | 3.98% |
| Credit Suisse Securities (USA) LLC | $44 | 2.98% |
C000219484 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.3M | 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.