C000146453 Fees and Costs — AZL DFA International Core Equity Fund
Data updated: 2026-08-25
The net expense ratio is 1.01%: a 0.95% management fee, a 0.25% 12b-1 fee plus 0.11% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $34K in broker commissions, 0.0108% of average net assets, and portfolio turnover was 5%.
C000146453 Fees and Expenses
Annual operating expenses and sales charges of C000146453. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.01% |
| 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 |
C000146453 Costs Over Time
On $10,000 invested in C000146453, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 1.01%) | $106 | $331 | $574 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $351 | $638 |
| Value after costs | $10,393 | $11,225 | $12,125 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
C000146453 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0108%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $25.4M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $3.6M
- Net income from securities lending: $58K (0.018% of average net assets)
C000146453 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $11K | 31.00% |
| Instinet, LLC | $10K | 30.67% |
| Virtu Americas LLC | $8K | 22.87% |
| UBS Securities LLC | $5K | 13.70% |
| Loop Capital Markets LLC | $475 | 1.40% |
| Goldman Sachs & Co. LLC | $81 | 0.24% |
| Citigroup Global Markets Inc. | $34 | 0.10% |
| Rosenblatt Securities Inc. | $9 | 0.03% |
C000146453 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $25.3M | 99.46% |
| UBS Securities LLC | $56K | 0.22% |
| Jefferies LLC | $22K | 0.09% |
| Citigroup Global Markets Inc. | $18K | 0.07% |
| Macquarie Capital (USA) Inc. | $14K | 0.05% |
| Jarden Securities | $9K | 0.03% |
| J.P. Morgan Securities LLC | $6K | 0.02% |
| Natwest Markets Securities Inc. | $6K | 0.02% |
| Euroz Hartleys Securities Ltd | $5K | 0.02% |
| Morgan Stanley & Co. LLC | $1K | 0.01% |
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.