C000219487 Fees and Costs — BlackRock International 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 0.64% other expenses, less a 0.44% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2023 the fund paid $3K in broker commissions, 0.0618% of average net assets, and portfolio turnover was 85%.
C000219487 Fees and Expenses
Annual operating expenses and sales charges of C000219487. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.64% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.44% |
| 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 |
C000219487 Costs Over Time
On $10,000 invested in C000219487, assuming 5% a year before costs, total costs come to $1,356 over 5 years, cutting the return by 2.33% 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 | $590 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $26 | $101 | $208 |
| Total costs | $667 | $986 | $1,356 |
| Value after costs | $9,833 | $10,591 | $11,406 |
| Impact on return, per year | 6.67% | 3.07% | 2.33% |
C000219487 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)
C000219487 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% |
C000219487 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.