C000221227 Fees and Costs — BlackRock Future Tech ETF
Data updated: 2024-10-15
The net expense ratio is 0.88%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $11K in broker commissions, 0.0777% of average net assets, and portfolio turnover was 68%.
C000221227 Fees and Expenses
Annual operating expenses and sales charges of C000221227. Prospectus, as of November 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.88% |
| Fee waiver | — |
| Net expense ratio | 0.88% |
| 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 |
C000221227 Costs Over Time
On $10,000 invested in C000221227, assuming 5% a year before costs, total costs come to $600 over 5 years, cutting the return by 1.01% 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 0.88%) | $92 | $288 | $500 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $329 | $600 |
| Value after costs | $10,399 | $11,247 | $12,163 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
C000221227 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0777%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $12.0M
- Portfolio turnover (prospectus): 68%
- Securities on loan, average value: $805K
- Net income from securities lending: $3K (0.024% of average net assets)
C000221227 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2K | 20.26% |
| Morgan Stanley & Co. LLC | $2K | 16.37% |
| Goldman Sachs & Co. LLC | $1K | 14.85% |
| UBS Securities LLC | $1K | 13.80% |
| J.P. Morgan Securities LLC | $879 | 9.34% |
| Jefferies LLC | $808 | 8.58% |
| Barclays Capital Inc. | $482 | 5.12% |
| Citigroup Global Markets Inc. | $440 | 4.68% |
| Cowen and Company, LLC | $434 | 4.62% |
| Nomura Securities International, Inc. | $225 | 2.39% |
C000221227 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $7.7M | 63.75% |
| J.P. Morgan Securities LLC | $3.9M | 32.59% |
| Morgan Stanley & Co. LLC | $234K | 1.95% |
| Goldman Sachs & Co. LLC | $98K | 0.81% |
| Barclays Capital Inc. | $73K | 0.61% |
| Jefferies LLC | $35K | 0.29% |
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.