GROZ Fees and Costs — Zacks Focus Growth ETF
Data updated: 2026-07-24
The net expense ratio is 0.55%: a 0.44% management fee plus 0.70% other expenses, less a 0.59% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0057% of average net assets, and portfolio turnover was 50%.
GROZ Fees and Expenses
Annual operating expenses and sales charges of GROZ. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.59% |
| Net expense ratio | 0.55% |
| 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 | Yes |
GROZ Costs Over Time
On $10,000 invested in GROZ, assuming 5% a year before costs, total costs come to $351 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $192 | $351 |
| Value after costs | $10,442 | $11,384 | $12,412 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
GROZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0057%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $47.4M
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
GROZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL inc | $845 | 58.92% |
| GTS MISCHLER | $443 | 30.93% |
| INSTINET INC | $145 | 10.15% |
GROZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Financial | $29.2M | 61.55% |
| BofA Securities, Inc. | $16.4M | 34.51% |
| GOLDMAN SACHS | $1.9M | 3.94% |
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.