C000230844 Fees and Costs — BlackRock Sustainable Total Return Fund, Investor A
Data updated: 2025-08-28
The net expense ratio is 0.76%: a 0.39% management fee, a 0.25% 12b-1 fee plus 1.33% other expenses, less a 1.22% fee waiver. This share class carries a maximum front-end sales load of 4.00%. In fiscal 2024 the fund paid $10K in broker commissions, 0.0247% of average net assets, and portfolio turnover was 832%.
C000230844 Fees and Expenses
Annual operating expenses and sales charges of C000230844. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.33% |
| Gross expense ratio | 1.98% |
| Fee waiver | −1.22% |
| Net expense ratio | 0.76% |
| 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 |
C000230844 Costs Over Time
On $10,000 invested in C000230844, assuming 5% a year before costs, total costs come to $984 over 5 years, cutting the return by 1.67% 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 0.76%) | $77 | $240 | $416 |
| Trading costs (broker commissions) | $2 | $8 | $14 |
| Lost growth on money paid in costs | $20 | $75 | $154 |
| Total costs | $499 | $723 | $984 |
| Value after costs | $10,001 | $10,854 | $11,779 |
| Impact on return, per year | 4.99% | 2.23% | 1.67% |
C000230844 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0247%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $786.1M
- Portfolio turnover (prospectus): 832%
- Securities lending: none during the year
C000230844 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| R.J. O'Brien & Associates, LLC | $3K | 32.21% |
| Goldman Sachs & Co. LLC | $2K | 16.16% |
| J.P. Morgan Securities LLC | $1K | 12.85% |
| Citigroup Global Markets Inc. | $1K | 11.46% |
| Morgan Stanley & Co. LLC | $946 | 9.44% |
| Barclays Capital, Inc. | $686 | 6.84% |
| BofA Securities, Inc. | $544 | 5.43% |
| RBC Capital Markets, LLC | $274 | 2.74% |
| Bank of Montreal | $146 | 1.46% |
| UBS Securities LLC | $142 | 1.42% |
C000230844 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $138.6M | 18.41% |
| Morgan Stanley & Co. LLC | $130.2M | 17.29% |
| Citigroup Global Markets Inc. | $115.5M | 15.34% |
| BofA Securities, Inc. | $115.1M | 15.29% |
| J.P. Morgan Securities LLC | $92.9M | 12.34% |
| BlackRock Liquidity Funds T-Fund | $47.8M | 6.35% |
| Wells Fargo Securities, LLC | $42.9M | 5.69% |
| Barclays Capital, Inc. | $30.4M | 4.03% |
| Mizuho Securities USA LLC | $27.9M | 3.70% |
| BNP Paribas Securities Corp. | $11.7M | 1.55% |
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.