C000230837 Fees and Costs — BlackRock Sustainable Low Duration Bond Fund, Class K
Data updated: 2024-08-27
The net expense ratio is 0.35%: a 0.31% management fee plus 0.76% other expenses, less a 0.72% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $4K in broker commissions, 0.0079% of average net assets, and portfolio turnover was 201%.
C000230837 Fees and Expenses
Annual operating expenses and sales charges of C000230837. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.31% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.76% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.72% |
| Net expense ratio | 0.35% |
| 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 | Yes |
C000230837 Costs Over Time
On $10,000 invested in C000230837, assuming 5% a year before costs, total costs come to $227 over 5 years, cutting the return by 0.38% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $124 | $227 |
| Value after costs | $10,462 | $11,452 | $12,536 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
C000230837 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0079%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $231.3M
- Portfolio turnover (prospectus): 201%
- Securities lending: none during the year
C000230837 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 32.79% |
| Mizuho Securities USA LLC | $674 | 18.79% |
| J.P. Morgan Securities LLC | $386 | 10.76% |
| RBC Capital Markets, LLC | $314 | 8.76% |
| Morgan Stanley & Co. LLC | $313 | 8.74% |
| Citigroup Global Markets Inc. | $276 | 7.69% |
| Barclays Capital, Inc. | $197 | 5.50% |
| Wells Fargo Securities, LLC | $141 | 3.94% |
| BofA Securities, Inc. | $76 | 2.12% |
| Deutsche Bank Securities Inc. | $33 | 0.92% |
C000230837 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $42.2M | 21.16% |
| Citigroup Global Markets Inc. | $27.2M | 13.64% |
| J.P. Morgan Securities LLC | $25.2M | 12.64% |
| Goldman Sachs & Co. LLC | $22.8M | 11.43% |
| Morgan Stanley & Co. LLC | $21.1M | 10.59% |
| BofA Securities, Inc. | $16.9M | 8.46% |
| Wells Fargo Securities, LLC | $13.7M | 6.88% |
| Barclays Capital, Inc. | $12.1M | 6.08% |
| Pershing LLC | $9.2M | 4.60% |
| RBC Capital Markets, LLC | $9.0M | 4.52% |
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.