C000220946 Fees and Costs — BlackRock LifePath ESG Index 2040 Fund, Investor A
Data updated: 2026-09-25
The net expense ratio is 0.50% (0.86% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0168% of average net assets, and portfolio turnover was 20%.
C000220946 Fees and Expenses
Annual operating expenses and sales charges of C000220946. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.36% |
| Net expense ratio | 0.50% |
| 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 |
C000220946 Costs Over Time
On $10,000 invested in C000220946, assuming 5% a year before costs, total costs come to $326 over 5 years, cutting the return by 0.54% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $179 | $326 |
| Value after costs | $10,446 | $11,398 | $12,436 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
C000220946 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): 0.0168%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $28.7M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $3.0M
- Net income from securities lending: $10K (0.061% of average net assets)
C000220946 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $1K | 51.57% |
| Morgan Stanley & Co. LLC | $386 | 14.57% |
| J.P. Morgan Securities LLC | $297 | 11.22% |
| TD Securities (USA) LLC | $187 | 7.08% |
| UBS Securities LLC | $131 | 4.95% |
| Goldman Sachs & Co. LLC | $126 | 4.76% |
| Jefferies LLC | $109 | 4.12% |
| Citigroup Global Markets Inc. | $41 | 1.54% |
| Barclays Capital Inc. | $5 | 0.20% |
C000220946 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $28.7M | 100.00% |
| BNY Capital Markets, LLC | $824 | 0.00% |
BlackRock LifePath ESG Index 2040 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000220945 | Class K | 0.20% | — |
| C000220944 | Institutional Class | 0.25% | — |
| C000220946 | 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.