The 2020 agreement naming BlackRock investment manager for the Secondary Market Corporate Credit Facility. BlackRock may not charge fees on the facility's ETF holdings, including its own iShares funds, and must credit back fees and securities-lending income earned on its own ETFs. It still set fixed program-management fees: $2 million for Q2 2020, $1 million for Q3 2020, then $750,000 a quarter.
the Manager shall not charge the Company for, and the Company will have no obligation to pay, fees to the Manager relating to the Company's holdings of ETFs, including BlackRock-sponsored ETFs
Exhibit D, printed p. 54
The 2020 agreement naming BlackRock investment manager for the Secondary Market Corporate Credit Facility. BlackRock may not charge fees on the facility's ETF holdings, including its own iShares funds, and must credit back fees and securities-lending income earned on its own ETFs. It still set fixed program-management fees: $2 million for Q2 2020, $1 million for Q3 2020, then $750,000 a quarter.