C000228901 Fees and Costs — BlackRock Sustainable High Yield Bond Fund, Investor A
Data updated: 2025-12-12
The net expense ratio is 0.83%: a 0.50% management fee, a 0.25% 12b-1 fee plus 1.10% other expenses, less a 1.02% fee waiver. This share class carries a maximum front-end sales load of 4.00%. In fiscal 2025 the fund paid $164 in broker commissions, 0.0004% of average net assets, and portfolio turnover was 66%.
C000228901 Fees and Expenses
Annual operating expenses and sales charges of C000228901. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.10% |
| Gross expense ratio | 1.85% |
| Fee waiver | −1.02% |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | 4.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000228901 Costs Over Time
On $10,000 invested in C000228901, assuming 5% a year before costs, total costs come to $1,011 over 5 years, cutting the return by 1.72% 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 |
| Sales charges | $400 | $400 | $400 |
| Fund expenses (net expense ratio 0.83%) | $84 | $261 | $454 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $20 | $76 | $156 |
| Total costs | $504 | $738 | $1,011 |
| Value after costs | $9,996 | $10,839 | $11,752 |
| Impact on return, per year | 5.04% | 2.28% | 1.72% |
C000228901 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0004%
- Total broker commissions: $164
- Bought from dealers (principal trades, not a cost): $82.5M
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
C000228901 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $123 | 75.00% |
| J.P. Morgan Securities LLC | $22 | 13.56% |
| Mizuho Securities USA LLC | $13 | 7.64% |
| Morgan Stanley & Co. LLC | $5 | 2.86% |
| Jefferies LLC | $2 | 0.94% |
C000228901 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $29.3M | 38.12% |
| J.P. Morgan Securities LLC | $13.0M | 16.99% |
| Goldman Sachs & Co. LLC | $9.3M | 12.11% |
| BofA Securities, Inc. | $9.0M | 11.68% |
| Citigroup Global Markets Inc. | $4.1M | 5.28% |
| Morgan Stanley & Co. LLC | $4.0M | 5.17% |
| Barclays Capital, Inc. | $3.1M | 4.08% |
| Jefferies LLC | $2.0M | 2.62% |
| RBC Capital Markets, LLC | $1.5M | 2.02% |
| Deutsche Bank Securities Inc. | $1.5M | 1.94% |
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.