C000148201 Fees and Costs — AZL MetWest Total Return Bond 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. In fiscal 2022 the fund paid $5K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 258%.
C000148201 Fees and Expenses
Annual operating expenses and sales charges of C000148201. 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 |
C000148201 Costs Over Time
On $10,000 invested in C000148201, assuming 5% a year before costs, total costs come to $510 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 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $280 | $510 |
| Value after costs | $10,415 | $11,297 | $12,253 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000148201 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): 0.0019%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $3.3B
- Portfolio turnover (prospectus): 258%
- Securities on loan, average value: $302K
- Net income from securities lending: $1K (0.000% of average net assets)
C000148201 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1K | 30.65% |
| R.J. O`BRIEN SECURITIES, LLC | $1K | 29.93% |
| Morgan Stanley & Co. LLC | $707 | 15.29% |
| Nomura Securities International, Inc. | $540 | 11.67% |
| ADVANTAGE FUTURES LLC | $287 | 6.20% |
| J.P. Morgan Securities LLC | $190 | 4.10% |
| Goldman Sachs & Co. LLC | $100 | 2.16% |
C000148201 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $827.6M | 28.35% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $467.7M | 16.02% |
| Credit Suisse Securities (USA) LLC | $310.0M | 10.62% |
| Citigroup Global Markets Inc. | $279.8M | 9.59% |
| Goldman Sachs & Co. LLC | $197.5M | 6.77% |
| Morgan Stanley & Co. LLC | $185.9M | 6.37% |
| Deutsche Bank Securities Inc. | $179.2M | 6.14% |
| Barclays Capital Inc. | $166.6M | 5.71% |
| J.P. Morgan Securities LLC | $163.3M | 5.60% |
| Citadel Securities LLC | $141.2M | 4.84% |
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.