C000146455 Fees and Costs — AZL DFA U.S. Core Equity Fund
Data updated: 2026-08-25
The net expense ratio is 0.79%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.06% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $15K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 5%.
C000146455 Fees and Expenses
Annual operating expenses and sales charges of C000146455. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.79% |
| 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 |
C000146455 Costs Over Time
On $10,000 invested in C000146455, assuming 5% a year before costs, total costs come to $497 over 5 years, cutting the return by 0.83% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $83 | $273 | $497 |
| Value after costs | $10,417 | $11,303 | $12,265 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
C000146455 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): 0.0019%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $228.8M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $1.0M
- Net income from securities lending: $13K (0.002% of average net assets)
C000146455 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $5K | 36.02% |
| Instinet, LLC | $5K | 34.65% |
| Virtu Americas LLC | $3K | 18.92% |
| Goldman Sachs & Co. LLC | $708 | 4.65% |
| Citigroup Global Markets Inc. | $483 | 3.18% |
| Loop Capital Markets LLC | $239 | 1.57% |
| UBS Securities LLC | $129 | 0.85% |
| Rosenblatt Securities Inc. | $23 | 0.15% |
C000146455 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $228.8M | 100.00% |
| Citigroup Global Markets Inc. | $294 | 0.00% |
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.