TEKY Fees and Costs — Lazard Next Gen Technologies ETF
Data updated: 2026-08-21
The net expense ratio is 0.50% (0.60% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0220% of average net assets, and portfolio turnover was 11%.
TEKY Fees and Expenses
Annual operating expenses and sales charges of TEKY. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
TEKY Costs Over Time
On $10,000 invested in TEKY, assuming 5% a year before costs, total costs come to $330 over 5 years, cutting the return by 0.55% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $180 | $330 |
| Value after costs | $10,445 | $11,396 | $12,433 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
TEKY 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): 0.0220%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $20.6M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
TEKY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $5K | 50.98% |
| Goldman Sachs & Co. LLC | $2K | 17.76% |
| BofA Securities, Inc. | $1K | 12.42% |
| Virtu Americas LLC | $593 | 6.09% |
| Barclays Capital Inc. | $536 | 5.50% |
| TD Securities (USA) LLC | $236 | 2.43% |
| Wells Fargo Securities, LLC | $224 | 2.30% |
| UBS Securities LLC | $176 | 1.81% |
| Citadel Securities LLC | $47 | 0.48% |
| J.P. Morgan Securities LLC | $24 | 0.25% |
TEKY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $10.8M | 52.59% |
| BofA Securities, Inc. | $3.6M | 17.73% |
| Goldman Sachs & Co. LLC | $2.6M | 12.57% |
| UBS Securities LLC | $1.8M | 8.80% |
| Jane Street Capital, LLC | $922K | 4.48% |
| J.P. Morgan Securities LLC | $788K | 3.83% |
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.