CNZLX Fees and Costs — Commonwealth Australia/New Zealand Fund
Data updated: 2026-09-29
The net expense ratio is 2.89%: a 0.75% management fee, a 0.25% 12b-1 fee plus 1.89% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0335% of average net assets, and portfolio turnover was 8%.
CNZLX Fees and Expenses
Annual operating expenses and sales charges of CNZLX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.89% |
| Gross expense ratio | 2.89% |
| Fee waiver | — |
| Net expense ratio | 2.89% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CNZLX Costs Over Time
On $10,000 invested in CNZLX, assuming 5% a year before costs, total costs come to $1,760 over 5 years, cutting the return by 3.07% 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 2.89%) | $303 | $928 | $1,577 |
| Trading costs (broker commissions) | $4 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $47 | $164 |
| Total costs | $307 | $986 | $1,760 |
| Value after costs | $10,193 | $10,590 | $11,003 |
| Impact on return, per year | 3.07% | 3.07% | 3.07% |
CNZLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0335%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
CNZLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CAPITAL INSTITUTIONAL SERVICES, INC | $2K | 52.96% |
| FORSYTH BARR LIMITED | $2K | 47.04% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.