C000219485 Fees and Costs — BlackRock International Impact Fund, Class K
Data updated: 2023-09-27
The net expense ratio is 0.75%: a 0.65% management fee plus 0.58% other expenses, less a 0.48% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0618% of average net assets, and portfolio turnover was 85%.
C000219485 Fees and Expenses
Annual operating expenses and sales charges of C000219485. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.48% |
| Net expense ratio | 0.75% |
| 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 |
C000219485 Costs Over Time
On $10,000 invested in C000219485, assuming 5% a year before costs, total costs come to $510 over 5 years, cutting the return by 0.85% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $280 | $510 |
| Value after costs | $10,415 | $11,297 | $12,253 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000219485 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): 0.0618%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $3.9M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $13K
- Net income from securities lending: $3K (0.075% of average net assets)
C000219485 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $354 | 19.00% |
| CFC Financial Services Ltd. | $227 | 12.19% |
| Jefferies LLC | $226 | 12.16% |
| BNP Paribas Securities Corp. | $190 | 10.19% |
| Goldman Sachs & Co. LLC | $189 | 10.17% |
| UBS Securities LLC | $178 | 9.59% |
| Citigroup Global Markets Inc. | $143 | 7.69% |
| Standard Chartered Bank Kenya Ltd. | $138 | 7.44% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $112 | 6.00% |
| RBC Capital Markets, LLC | $104 | 5.57% |
C000219485 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3.9M | 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.