C000230441 Fees and Costs — BlackRock Infrastructure Sustainable Opportunities Fund, Investor A
Data updated: 2025-04-24
The net expense ratio is 1.26%: a 0.80% management fee, a 0.25% 12b-1 fee plus 4.00% other expenses, less a 3.80% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2024 the fund paid $3K in broker commissions, 0.0390% of average net assets, and portfolio turnover was 57%.
C000230441 Fees and Expenses
Annual operating expenses and sales charges of C000230441. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 4.00% |
| Gross expense ratio | 5.06% |
| Fee waiver | −3.80% |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| 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 |
C000230441 Costs Over Time
On $10,000 invested in C000230441, assuming 5% a year before costs, total costs come to $1,435 over 5 years, cutting the return by 2.48% 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 | $525 | $525 | $525 |
| Fund expenses (net expense ratio 1.26%) | $125 | $390 | $674 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $26 | $103 | $215 |
| Total costs | $680 | $1,030 | $1,435 |
| Value after costs | $9,820 | $10,547 | $11,327 |
| Impact on return, per year | 6.80% | 3.21% | 2.48% |
C000230441 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0390%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $6.6M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: —
- Net income from securities lending: $44 (0.000% of average net assets)
C000230441 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $533 | 19.96% |
| MORGAN STANLEY & CO. LLC | $444 | 16.62% |
| BARCLAYS CAPITAL, INC. | $336 | 12.58% |
| GOLDMAN SACHS & CO. LLC | $303 | 11.34% |
| Investec Securities (US) LLC | $242 | 9.06% |
| UBS Securities LLC | $237 | 8.87% |
| BTIG, LLC | $182 | 6.81% |
| J.P. Morgan Securities LLC | $154 | 5.77% |
| RBC CAPITAL MARKETS, LLC | $146 | 5.47% |
| BOFA SECURITIES, INC. | $94 | 3.52% |
C000230441 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $6.5M | 98.87% |
| GOLDMAN SACHS & CO. LLC | $60K | 0.91% |
| BOFA SECURITIES, INC. | $14K | 0.21% |
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.