C000087884 Fees and Costs — AZL Gateway Fund
Data updated: 2023-03-16
The net expense ratio is 1.12%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $35K in broker commissions, 0.0288% of average net assets, and portfolio turnover was 11%.
C000087884 Fees and Expenses
Annual operating expenses and sales charges of C000087884. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 1.12% |
| Fee waiver | — |
| Net expense ratio | 1.12% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000087884 Costs Over Time
On $10,000 invested in C000087884, assuming 5% a year before costs, total costs come to $716 over 5 years, cutting the return by 1.21% 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 1.12%) | $118 | $366 | $634 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $394 | $716 |
| Value after costs | $10,379 | $11,182 | $12,046 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
C000087884 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): 0.0288%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): $75.3M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
C000087884 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $28K | 80.02% |
| Piper Jaffray & Co. | $5K | 15.01% |
| Cabrera Capital Markets LLC | $1K | 3.08% |
| UBS Securities LLC | $508 | 1.44% |
| J.P. Morgan Securities LLC | $160 | 0.45% |
C000087884 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $75.3M | 100.00% |
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.