THMZ Fees and Costs — Lazard Equity Megatrends 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, 0.0247% of average net assets, and portfolio turnover was 5%.
THMZ Fees and Expenses
Annual operating expenses and sales charges of THMZ. 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 |
THMZ Costs Over Time
On $10,000 invested in THMZ, assuming 5% a year before costs, total costs come to $331 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) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $331 |
| Value after costs | $10,445 | $11,395 | $12,431 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
THMZ 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): 0.0247%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $51.0M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
THMZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $6K | 64.71% |
| UBS Securities LLC | $1K | 12.94% |
| TD Securities (USA) LLC | $713 | 7.58% |
| Barclays Capital Inc. | $510 | 5.42% |
| Mizuho Securities USA LLC | $222 | 2.36% |
| Citadel Securities LLC | $177 | 1.88% |
| Goldman Sachs & Co. LLC | $155 | 1.65% |
| BMO Capital Markets Corp. | $135 | 1.43% |
| BNP Paribas Securities Corp. | $107 | 1.13% |
| BofA Securities, Inc. | $85 | 0.90% |
THMZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $38.6M | 75.75% |
| Jane Street Capital, LLC | $7.0M | 13.74% |
| BofA Securities, Inc. | $3.5M | 6.79% |
| Goldman Sachs & Co. LLC | $1.9M | 3.72% |
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.