CZOVX Fees and Costs — Zacks All-Cap Core Fund, Institutional Class
Data updated: 2024-02-12
The net expense ratio is 1.00%: a 0.80% management fee plus 0.34% other expenses, less a 0.14% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $4K in broker commissions, 0.0081% of average net assets, and portfolio turnover was 27%.
CZOVX Fees and Expenses
Annual operating expenses and sales charges of CZOVX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.14% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CZOVX Costs Over Time
On $10,000 invested in CZOVX, assuming 5% a year before costs, total costs come to $630 over 5 years, cutting the return by 1.06% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $630 |
| Value after costs | $10,394 | $11,230 | $12,132 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
CZOVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0081%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $220K
- Net income from securities lending: $97 (0.000% of average net assets)
CZOVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL | $4K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.