C000220935 Fees and Costs — BlackRock LifePath ESG Index 2025 Fund, Institutional Class
Data updated: 2024-09-27
The net expense ratio is 0.25% (1.23% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $273 in broker commissions, 0.0101% of average net assets, and portfolio turnover was 22%.
C000220935 Fees and Expenses
Annual operating expenses and sales charges of C000220935. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.03% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.98% |
| 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 |
C000220935 Costs Over Time
On $10,000 invested in C000220935, 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 | $6 |
| 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% |
C000220935 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0101%
- Total broker commissions: $273
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $450K
- Net income from securities lending: $3K (0.127% of average net assets)
C000220935 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $94 | 34.56% |
| Jefferies LLC | $71 | 25.92% |
| Cowen and Company, LLC | $45 | 16.60% |
| Morgan Stanley & Co. LLC | $21 | 7.70% |
| BNP Paribas Securities Corp. | $14 | 5.15% |
| Citigroup Global Markets Inc. | $10 | 3.68% |
| Goldman Sachs & Co. LLC | $9 | 3.39% |
| UBS Securities LLC | $6 | 2.16% |
| J.P. Morgan Securities LLC | $2 | 0.72% |
| Barclays Capital Inc. | $0 | 0.11% |
C000220935 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $1.5M | 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.