ZEOIX Fees and Costs — Zeo Short Duration Income Fund, Class I
Data updated: 2022-09-28
The net expense ratio is 0.99%: a 0.75% management fee plus 0.24% other expenses. This share class carries a redemption fee of 1.00%. Portfolio turnover was 131%.
ZEOIX Fees and Expenses
Annual operating expenses and sales charges of ZEOIX. Prospectus, as of July 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ZEOIX Costs Over Time
On $10,000 invested in ZEOIX, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% 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 0.99%) | $104 | $324 | $563 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
ZEOIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $616.2M
- Portfolio turnover (prospectus): 131%
- Securities lending: none during the year
ZEOIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $226.3M | 39.71% |
| GOLDMAN SACHS | $199.6M | 35.02% |
| CITIGROUP | $34.4M | 6.03% |
| WILLIAMS CAPITAL GROUP | $32.2M | 5.65% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $23.5M | 4.12% |
| UBS AG | $13.8M | 2.42% |
| JPMORGAN CHASE | $11.8M | 2.07% |
| BARCLAYS | $9.9M | 1.74% |
| IMPERIAL CAPITAL | $9.3M | 1.64% |
| BAIRD PATRICK & CO | $9.2M | 1.61% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.