EMKT Fees and Costs — Lazard Emerging Markets Opportunities ETF
Data updated: 2026-08-21
The net expense ratio is 0.74%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $23K in broker commissions, 0.0192% of average net assets, and portfolio turnover was 71%.
EMKT Fees and Expenses
Annual operating expenses and sales charges of EMKT. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| 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 |
EMKT Costs Over Time
On $10,000 invested in EMKT, assuming 5% a year before costs, total costs come to $477 over 5 years, cutting the return by 0.80% 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 0.74%) | $78 | $243 | $423 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $262 | $477 |
| Value after costs | $10,420 | $11,315 | $12,286 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
EMKT 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): 0.0192%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $11.1M
- Portfolio turnover (prospectus): 71%
- Securities lending: none during the year
EMKT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $16K | 66.77% |
| Citigroup Global Markets Inc. | $5K | 22.68% |
| J.P. Morgan Securities LLC | $1K | 4.51% |
| CLSA Americas, LLC | $695 | 2.96% |
| Goldman Sachs & Co. LLC | $329 | 1.40% |
| Sanford C. Bernstein & Co., LLC | $230 | 0.98% |
| Santander Securities LLC | $166 | 0.71% |
EMKT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $8.9M | 80.06% |
| BofA Securities, Inc. | $1.1M | 10.37% |
| J.P. Morgan Securities LLC | $767K | 6.94% |
| Wells Fargo Securities, LLC | $291K | 2.63% |
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.