C000107917 Fees and Costs — AZL BlackRock Global Allocation Fund
Data updated: 2019-11-21
The net expense ratio is 1.11%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $114K in broker commissions, 0.0284% of average net assets, and portfolio turnover was 141%.
C000107917 Fees and Expenses
Annual operating expenses and sales charges of C000107917. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| 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 |
C000107917 Costs Over Time
On $10,000 invested in C000107917, assuming 5% a year before costs, total costs come to $710 over 5 years, cutting the return by 1.20% 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 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $120 | $391 | $710 |
| Value after costs | $10,380 | $11,185 | $12,053 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
C000107917 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.0284%
- Total broker commissions: $114K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 141%
- Securities on loan, average value: $16.2M
- Net income from securities lending: $53K (0.013% of average net assets)
C000107917 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $16K | 17.97% |
| MORGAN STANLEY & CO. LLC | $13K | 14.94% |
| CITIGROUP GLOBAL MARKETS INC. | $12K | 13.17% |
| MERRILL LYNCH | $11K | 12.16% |
| GOLDMAN SACHS | $10K | 11.41% |
| J.P. MORGAN SECURITIES LLC | $7K | 7.37% |
| JEFFERIES LLC | $6K | 7.22% |
| DEUTSCHE BANK SECURITIES INC. | $6K | 6.99% |
| CREDIT SUISSE SECURITIES (USA) LLC | $5K | 5.81% |
| CLSA LTD. | $3K | 2.96% |
C000107917 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $243.4M | 18.54% |
| BOA MERRILL LYNCH | $215.8M | 16.44% |
| HSBC SECURITIES (USA) INC | $205.4M | 15.64% |
| J.P. MORGAN SECURITIES LLC | $137.2M | 10.45% |
| UBS SECURITIES LLC | $106.8M | 8.14% |
| BARCLAYS CAPITAL INC. | $100.7M | 7.67% |
| GOLDMAN SACHS | $98.2M | 7.48% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $98.0M | 7.46% |
| MORGAN STANLEY & CO. LLC | $60.0M | 4.57% |
| CITIGROUP GLOBAL MARKETS INC. | $47.4M | 3.61% |
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.