C000220934 Fees and Costs — BlackRock LifePath ESG Index 2065 Fund, Institutional Class
Data updated: 2026-09-25
The net expense ratio is 0.25% (0.96% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $502 in broker commissions, 0.0095% of average net assets, and portfolio turnover was 13%.
C000220934 Fees and Expenses
Annual operating expenses and sales charges of C000220934. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.71% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.71% |
| Net expense ratio | 0.25% |
| 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 |
C000220934 Costs Over Time
On $10,000 invested in C000220934, assuming 5% a year before costs, total costs come to $165 over 5 years, cutting the return by 0.27% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $90 | $165 |
| Value after costs | $10,473 | $11,486 | $12,598 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
C000220934 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0095%
- Total broker commissions: $502
- Bought from dealers (principal trades, not a cost): $4.7M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $4K (0.073% of average net assets)
C000220934 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $312 | 62.14% |
| Morgan Stanley & Co. LLC | $54 | 10.73% |
| TD Securities (USA) LLC | $52 | 10.29% |
| J.P. Morgan Securities LLC | $29 | 5.70% |
| UBS Securities LLC | $27 | 5.33% |
| Goldman Sachs & Co. LLC | $19 | 3.79% |
| Jefferies LLC | $5 | 0.92% |
| Barclays Capital Inc. | $5 | 0.91% |
| Citigroup Global Markets Inc. | $1 | 0.18% |
C000220934 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $4.7M | 100.00% |
| BNY Capital Markets, LLC | $112 | 0.00% |
BlackRock LifePath ESG Index 2065 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000220933 | Class K | 0.20% | — |
| C000220934 | Institutional Class | 0.25% | — |
| C000220932 | Investor A | 0.50% | — |
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.