C000219489 Fees and Costs — BlackRock Global Impact Fund, Class K
Data updated: 2024-03-26
The net expense ratio is 0.75%: a 0.65% management fee plus 0.25% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $14K in broker commissions, 0.0693% of average net assets, and portfolio turnover was 65%.
C000219489 Fees and Expenses
Annual operating expenses and sales charges of C000219489. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.15% |
| 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 |
C000219489 Costs Over Time
On $10,000 invested in C000219489, assuming 5% a year before costs, total costs come to $514 over 5 years, cutting the return by 0.86% 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) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $514 |
| Value after costs | $10,414 | $11,294 | $12,248 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
C000219489 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): 0.0693%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $11.1M
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $115K
- Net income from securities lending: $221 (0.001% of average net assets)
C000219489 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 16.74% |
| EFG Hermes Kenya Limited | $1K | 13.77% |
| Goldman Sachs & Co. LLC | $1K | 13.42% |
| Morgan Stanley & Co. LLC | $1K | 12.28% |
| Jefferies LLC | $1K | 10.99% |
| Citigroup Global Markets Inc. | $685 | 7.49% |
| UBS Securities LLC | $611 | 6.68% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $592 | 6.47% |
| BNP Paribas Securities Corp. | $572 | 6.25% |
| Cowen and Company | $540 | 5.90% |
C000219489 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $11.1M | 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.