C000221228 Fees and Costs — BlackRock Future Innovators ETF
Data updated: 2023-10-13
The net expense ratio is 0.80%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.0216% of average net assets, and portfolio turnover was 45%.
C000221228 Fees and Expenses
Annual operating expenses and sales charges of C000221228. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| 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 |
C000221228 Costs Over Time
On $10,000 invested in C000221228, assuming 5% a year before costs, total costs come to $516 over 5 years, cutting the return by 0.86% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $283 | $516 |
| Value after costs | $10,414 | $11,293 | $12,247 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
C000221228 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0216%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $4.5M
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $5K (0.064% of average net assets)
C000221228 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $289 | 20.76% |
| Carnegie, Inc. | $203 | 14.64% |
| Jefferies LLC | $194 | 13.95% |
| J.P. Morgan Securities LLC | $193 | 13.91% |
| Cowen and Company, LLC | $114 | 8.22% |
| Citigroup Global Markets Inc. | $105 | 7.55% |
| Goldman Sachs & Co. LLC | $100 | 7.22% |
| Barclays Capital Inc. | $78 | 5.60% |
| Morgan Stanley & Co. LLC | $63 | 4.56% |
| Credit Suisse Securities (USA) LLC | $50 | 3.59% |
C000221228 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $2.4M | 54.57% |
| J.P. Morgan Securities LLC | $2.0M | 45.42% |
| Citigroup Global Markets Inc. | $302 | 0.01% |
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.