C000146454 Fees and Costs — AZL DFA U.S. Small Cap Fund
Data updated: 2024-05-30
The net expense ratio is 0.98%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.06% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $32K in broker commissions, 0.0167% of average net assets, and portfolio turnover was 10%.
C000146454 Fees and Expenses
Annual operating expenses and sales charges of C000146454. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.98% |
| 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 |
C000146454 Costs Over Time
On $10,000 invested in C000146454, assuming 5% a year before costs, total costs come to $623 over 5 years, cutting the return by 1.05% 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $343 | $623 |
| Value after costs | $10,395 | $11,234 | $12,139 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
C000146454 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0167%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $251.1M
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $626K
- Net income from securities lending: $5K (0.002% of average net assets)
C000146454 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $11K | 35.40% |
| Virtu Americas LLC | $9K | 27.60% |
| Instinet, LLC | $9K | 27.53% |
| Citigroup Global Markets Inc. | $1K | 4.05% |
| Goldman Sachs & Co. LLC | $550 | 1.73% |
| Loop Capital Markets LLC | $373 | 1.17% |
| ROSENTHAL COLLINS GROUP LLC | $358 | 1.13% |
| JonesTrading Institutional Services LLC | $195 | 0.61% |
| Credit Suisse Securities (USA) LLC | $161 | 0.51% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $82 | 0.26% |
C000146454 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $251.1M | 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.