C000220898 Fees and Costs — BlackRock Retirement Income 2040 Fund, Investor A
Data updated: 2025-08-28
The net expense ratio is 1.01% (5.27% before fee waivers). This share class carries a maximum front-end sales load of 5.25%. Portfolio turnover was 0%.
C000220898 Fees and Expenses
Annual operating expenses and sales charges of C000220898. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.25% |
| Other expenses | 4.41% |
| Gross expense ratio | 5.27% |
| Fee waiver | −4.26% |
| Net expense ratio | 1.01% |
| 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 | Yes |
C000220898 Costs Over Time
On $10,000 invested in C000220898, assuming 5% a year before costs, total costs come to $1,269 over 5 years, cutting the return by 2.18% 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 1.01%) | $100 | $313 | $544 |
| Lost growth on money paid in costs | $26 | $98 | $200 |
| Total costs | $652 | $937 | $1,269 |
| Value after costs | $9,848 | $10,639 | $11,494 |
| Impact on return, per year | 6.52% | 2.91% | 2.18% |
C000220898 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $967K
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000220898 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $604K | 62.47% |
| BlackRock Liquidity Funds T-Fund | $363K | 37.53% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.