ZSCIX Fees and Costs — Zacks Small-Cap Core Fund, Institutional Class
Data updated: 2024-02-12
The net expense ratio is 1.14%: a 0.90% management fee plus 0.52% other expenses, less a 0.28% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $27K in broker commissions, 0.0769% of average net assets, and portfolio turnover was 94%.
ZSCIX Fees and Expenses
Annual operating expenses and sales charges of ZSCIX. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ZSCIX Costs Over Time
On $10,000 invested in ZSCIX, assuming 5% a year before costs, total costs come to $758 over 5 years, cutting the return by 1.28% 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 1.14%) | $120 | $373 | $645 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $417 | $758 |
| Value after costs | $10,372 | $11,159 | $12,005 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
ZSCIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0769%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 94%
- Securities on loan, average value: $127K
- Net income from securities lending: $709 (0.002% of average net assets)
ZSCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL | $21K | 76.47% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $4K | 14.24% |
| PIPER JAFFRAY & CO. | $3K | 9.30% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.