C000027525 Fees and Costs — AZL MSCI Emerging Markets Equity Index Fund, Class 2
Data updated: 2023-03-16
The net expense ratio is 0.94%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.24% other expenses, less a 0.40% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $15K in broker commissions, 0.0074% of average net assets, and portfolio turnover was 7%.
C000027525 Fees and Expenses
Annual operating expenses and sales charges of C000027525. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.40% |
| Net expense ratio | 0.94% |
| 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 | No |
C000027525 Costs Over Time
On $10,000 invested in C000027525, assuming 5% a year before costs, total costs come to $593 over 5 years, cutting the return by 0.99% 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 0.94%) | $99 | $308 | $535 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $326 | $593 |
| Value after costs | $10,401 | $11,250 | $12,170 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
C000027525 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0074%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $40.9M
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $15K (0.007% of average net assets)
C000027525 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 18.04% |
| Goldman Sachs & Co. LLC | $2K | 16.79% |
| Morgan Stanley & Co. LLC | $2K | 15.22% |
| Credit Suisse Securities (USA) LLC | $1K | 9.53% |
| HSBC Securities (USA) Inc. | $1K | 9.07% |
| Citigroup Global Markets Inc. | $1K | 8.75% |
| CLSA Americas, LLC | $887 | 7.41% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $805 | 6.73% |
| UBS Securities LLC | $533 | 4.46% |
| DSP GROUP INC | $481 | 4.02% |
C000027525 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $39.5M | 96.45% |
| J.P. Morgan Securities LLC | $1.5M | 3.55% |
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.