C000228613 Fees and Costs — BlackRock Future Climate and Sustainable Economy ETF
Data updated: 2024-10-15
The net expense ratio is 0.70% (0.71% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $670 in broker commissions, 0.0183% of average net assets, and portfolio turnover was 40%.
C000228613 Fees and Expenses
Annual operating expenses and sales charges of C000228613. Prospectus, as of November 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.70% |
| 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 |
C000228613 Costs Over Time
On $10,000 invested in C000228613, assuming 5% a year before costs, total costs come to $452 over 5 years, cutting the return by 0.75% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $248 | $452 |
| Value after costs | $10,425 | $11,329 | $12,311 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000228613 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): 0.0183%
- Total broker commissions: $670
- Bought from dealers (principal trades, not a cost): $2.8M
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $34K
- Net income from securities lending: $235 (0.006% of average net assets)
C000228613 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $129 | 22.80% |
| BofA Securities, Inc. | $89 | 15.83% |
| Goldman Sachs & Co. LLC | $79 | 13.99% |
| UBS Securities LLC | $72 | 12.77% |
| Barrenjoey Markets Pty Limited | $45 | 8.03% |
| Barclays Capital Inc. | $37 | 6.57% |
| Nomura Securities International, Inc. | $35 | 6.19% |
| Citigroup Global Markets Inc. | $35 | 6.15% |
| J.P. Morgan Securities LLC | $23 | 4.12% |
| BNP Paribas Securities Corp. | $20 | 3.55% |
C000228613 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $1.9M | 67.13% |
| J.P. Morgan Securities LLC | $935K | 32.86% |
| Cavendish Securities PLC | $42 | 0.00% |
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.