C000146456 Fees and Costs — AZL DFA Five-Year Global Fixed Income Fund
Data updated: 2023-03-16
The net expense ratio is 0.81%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.06% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 122%.
C000146456 Fees and Expenses
Annual operating expenses and sales charges of C000146456. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.81% |
| 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 |
C000146456 Costs Over Time
On $10,000 invested in C000146456, assuming 5% a year before costs, total costs come to $509 over 5 years, cutting the return by 0.85% 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 0.81%) | $85 | $266 | $462 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $279 | $509 |
| Value after costs | $10,415 | $11,297 | $12,254 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000146456 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 122%
- Securities on loan, average value: $2.7M
- Net income from securities lending: $4K (0.001% of average net assets)
C000146456 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $317.3M | 35.64% |
| BMO Capital Markets Corp. | $99.0M | 11.12% |
| J.P. Morgan Securities LLC | $80.5M | 9.04% |
| Citigroup Global Markets Inc. | $75.4M | 8.47% |
| Wells Fargo Securities, LLC | $71.8M | 8.07% |
| TD Securities (USA) LLC | $59.9M | 6.73% |
| Barclays Capital Inc. | $51.0M | 5.73% |
| Nomura Securities International, Inc. | $49.6M | 5.57% |
| BNP Paribas Securities Corp. | $44.0M | 4.95% |
| Morgan Stanley & Co. LLC | $41.6M | 4.67% |
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.