I'm choosing an ETF, and reading this KII document, I'm not sure what this sentence means.
- Can anybody expand this language with an example?
- Is this typical for an ETF?
To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.